Nanjing Putian Telecommunications Co., Ltd. Summary of Annual Report 2020
Stock Code: 200468 Short Form of the Stock: NJ TEL B Notice No.: 2021-017
Nanjing Putian Telecommunications Co., Ltd.
Summary of Annual Report 2020
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.
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
Putian Technology Pioneer Park, No.8 Putian Technology Pioneer Park, No.8
Office add. Fenghui Avenue, Yuhuatai District, Nanjing, Fenghui Avenue, Yuhuatai District, Nanjing,
Jiangsu Province Jiangsu Province
Fax. 86-25-52416518 86-25-52416518
Tel. 86-25-69675809 86-25-69675865
E-mail lijing@postel.com.cn xiaohong@postel.com.cn
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Nanjing Putian Telecommunications Co., Ltd. Summary of Annual Report 2020
2. Main business or product introduction in the reporting period
As one of the important product and solution providers in the domestic information and communication field, the
company adheres to the "product + solution + service" strategy, and continuously accelerates product innovation,
industrial structure adjustment, transformation and upgrading. The main business of the company and its
subsidiaries involves optical communication networks, wireless communication networks, data applications,
industrial electric and other fields, including optical distribution networks and communication supporting overall
solutions (ODN overall solutions, optical network intelligent solutions, energy-saving data centre solutions),
multimedia communication and application solutions, building intelligent integrated solutions, industrial
intelligent power distribution systems, solar street light control systems, etc. Customers include domestic telecom
operators, China Tower and industry customers in government, finance, power, medical and other fields.
The company’s optical distribution network and communication supporting overall solutions can be used for
domestic communication network construction, broadcasting and television network transformation, high-speed
rail communication construction, urban metro construction, e-commerce industry, etc.; and the data center
products are widely used in data center construction projects of operators, internet and other enterprises; the
subsidiary Nanjing Southern Telecom Co., Ltd. can provide remote collaboration application solutions for the
large and medium-sized industry customers in the fields of government, finance, medical care, and education, and
so on; the subsidiary Nanjing Putian Telege Intelligent Building Ltd. mainly provides customers with
mid-to-high-end integrated wiring and intelligent application solutions; subsidiary Nanjing Nanman Electrics Co., Ltd.
is oriented towards rail transit, airports, ports and other industrial sites and provides industrial intelligent power
distribution products; the subsidiary Nanjing Putian Datang Information Electronic Co., Ltd. mainly provides
customers with solar street lamp controllers and Internet of Things street lamp monitoring systems, etc.
The company mainly obtains business opportunities by participating in project bidding, designs plans, produces or
purchases equipment required by customers according to project requirements, and is responsible for installation
and debugging, and realizes profits after deducting costs in accordance with the contract price. The company's
operating results are mainly affected by factors such as capital expenditures by telecom operators and industry
customers, information input and bidding results, fluctuations in raw material prices and other cost changes.
The company has a complete industrial chain structure, has good R&D, production, and marketing capabilities,
and has established good brand strength and influence in the industry market and the operator market. The
company is now a member unit of the Jiangsu Information Innovation Industry Alliance and a member unit of the
Information Technology Application Innovation Working Committee of the China Electronics Standardization
Association, and has the qualification of Huawei intelligent collaboration first-level distributor. During the
reporting period, Telege Building participated in the formulation and revision of six industry standards, including
the national standard for generic cabling of IEC11801 and the "Data Center Infrastructure Construction and
Acceptance Specification", and was awarded the "Top Ten Generic Cabling Brands" for the sixteenth consecutive
year; "e Cloud. e Horizon Mo-Cloud" of Southern Telecom won the "Outstanding Innovation Application
Industry Leadership Award" selected by the Posts and Telecommunications News in 2019. During the reporting
period, the company actively deployed Huawei videoconferencing business and strengthened the cultivation of
new businesses such as independent management software.
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Nanjing Putian Telecommunications Co., Ltd. Summary of Annual Report 2020
3. Main accounting data and financial indexes
(1) Main accounting data and financial indexes for recently three years
Whether it has retroactive adjustment or re-statement on previous accounting data
□ Yes √No
In RMB/CNY
Changes (+,-)
2020 2019 compared with the 2018
previous year
Operating revenue 1,025,243,815.83 1,338,284,194.21 -23.39% 1,995,627,772.60
Net profit attributable to
21,964,552.84 -169,088,516.69 112.99% 5,859,214.84
shareholders of the listed Company
Net profit attributable to
shareholders of the listed Company
-154,393,042.76 -171,904,933.41 10.19% -21,461,955.87
after deducting non-recurring gains
and losses
Net cash flow arising from
88,145,348.87 22,686,114.91 288.54% -155,418,733.83
operating activities
Basic earnings per share
0.10 -0.79 112.66% 0.03
(RMB/Share)
Diluted earnings per share
0.10 -0.79 112.66% 0.03
(RMB/Share)
Weighted average ROE 12.29% -66.55% 78.84% 1.66%
Changes (+,-)
compared with the
Year-end of 2020 Year-end of 2019 Year-end of 2018
year-end of previous
year
Total assets 1,167,608,410.82 1,652,005,519.44 -29.32% 2,120,744,292.41
Net assets attributable to
189,624,160.92 169,543,106.29 11.84% 355,289,728.24
shareholder of listed Company
(2) Quarterly main accounting data
In RMB/CNY
First quarter Second quarter Third quarter Fourth quarter
Operating revenue 151,862,432.34 253,310,371.28 257,967,139.46 362,103,872.75
Net profit attributable to
-30,609,179.61 -28,247,674.42 -1,190,034.23 82,011,441.10
shareholders of the listed Company
Net profit attributable to
shareholders of the listed Company
-33,044,537.66 -30,562,957.49 -5,633,894.62 -85,151,652.99
after deducting non-recurring gains
and losses
Net cash flow arising from
-19,005,983.54 36,658,701.57 6,656,073.35 63,836,557.49
operating activities
Whether there are significant differences between the above-mentioned financial index or its total number and the relevant financial
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Nanjing Putian Telecommunications Co., Ltd. Summary of Annual Report 2020
index disclosed in the Company’s quarterly report and semi-annual report
□Yes √ No
4. Share capital and shareholders
(1) Particulars about common stock shareholders, preference shareholders with voting rights recovered
and top ten shareholders
In Share
Total
preferenc
Total e Total preference
common sharehold shareholders with
Total common stock
stock ers with voting rights
shareholders at end of
shareholder 8,388 8,346 voting 0 recovered at end of 0
last month before
s in rights last month before
annual report disclosed
reporting recovered annual report
period-end at end of disclosed
reporting
period
Top ten shareholders
Number of shares
Full name of Nature of Proportion of Amount of
Amount of restricted shares held pledged/frozen
Shareholders shareholder shares held shares held
State of share Amount
China Potevio
State-owned
Company 53.49% 115,000,000 115,000,000
corporation
Limited
Shenwan
Foreign
HongYuan 2.97% 6,386,820 0
corporation
(H.K.) Limited
GUOTAI
JUNAN Foreign
SECURITIES 2.50% 5,379,114 0
corporation
(HONGKONG)
LIMITED
Domestic
Zheng Enyue 1.14% 2,449,739 0
nature person
Domestic
Sun Huiming 0.93% 2,007,110 0
nature person
Domestic
Gu Jinhua 0.87% 1,871,371 0
nature person
Guosen
Securities Foreign
0.85% 1,828,682 0
(H.K.) Broker corporation
Co., Ltd.
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Nanjing Putian Telecommunications Co., Ltd. Summary of Annual Report 2020
BOCI Foreign
SECURITIES 0.59% 1,266,945 0
corporation
LIMITED
Domestic
Xiang Yan 0.42% 905,602 0
nature person
Domestic
Zhen Hongquan 0.42% 905,600 0
nature person
Explanation on associated Among the top ten shareholders, China Potevio Company Limited is neither a related party nor a
relationship or concerted action person acting in concert with the others. It’s unknown by the Company whether there are related
among the aforesaid shareholders parties or persons acting in concert among the other shareholders.
Explanation on shareholders
involving margin business (if N/A
applicable)
(2) Total preferred stock shareholders of the Company and shares held by top ten shareholders with
preferred stock held
□ Applicable √ Not applicable
The Company had no shareholders with preferred stock held in the reporting.
(3) Property right and controlling relationships between the actual controllers of the Company and the
Company is as follows:
State-owned Assets Supervision and Administration Commission of the State Council
100%
China Putian Corporation
100%
China Potevio
53.49%
Nanjing Putian Telecommunications Co., Ltd.
5. Corporate bonds
Whether the company has corporate bonds that have been publicly issued and listed on the stock exchange, and not yet due or due but
not fully cashed on the approval date of annual report
No
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Nanjing Putian Telecommunications Co., Ltd. Summary of Annual Report 2020
III. Discussion and Analysis of Operation
1. Operation in reporting period
During the reporting period, the COVID-19 epidemic and macro market environment had a certain adverse impact
on the Company’s business. In addition, in order to adapt to the market changes, the company took the initiative to
adjust the industrial structure, sales revenue declined from a year earlier. During the reporting period, the net
profit attributable to shareholder of listed company amounted to 21.9646 million Yuan, the impact of
non-recurring gains/losses on net income was 176.3576 million Yuan, mainly includes the income from disposal
of non-current assets of 171.4543 million Yuan, that is transfer the subordinate enterprise’s equity and land
properties.
2. Whether the main business had major change in the reporting period
□ Yes √ No
3. About the industries, products, or regions accounting for over 10% of the company’s operating income
or operating profit
√Applicable □Not applicable
In RMB/CNY
Increase/decrease Increase/decrease Increase/decrease
Operating
Products Operating profit Gross profit ratio of operating of operating of gross profit
revenue
revenue y-o-y profit y-o-y ratio y-o-y
Main business
revenue-Video
314,877,571.26 54,072,481.38 17.17% -13.73% -30.62% -4.18%
conference
products
Main business
revenue-General 357,130,844.30 79,808,566.81 22.35% -0.59% -12.91% -3.16%
cabling products
Main business
revenue-Low-volt
96,477,794.59 25,073,931.63 25.99% -23.14% -1.29% 5.75%
age distribution
products
Main business
revenue-Wiring
287,776,479.36 19,074,372.56 6.63% -8.95% -61.21% -8.93%
and other
products
Interior offset -55,183,049.81 -1,043,548.10 1.89% -54.52% 3.13% -1.13%
other business
24,164,176.13 1,352,069.06 5.60% 11.92% -68.65% -14.38%
revenue
4. Whether the characteristics of management seasonal or cyclical need special attention
□ Yes √ No
5. In the reporting period, note of major changes in operating income, operating cost, total net profit
attributable to common stock shareholders of listed company or composing the previous reporting period
√Applicable □Not applicable
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Nanjing Putian Telecommunications Co., Ltd. Summary of Annual Report 2020
Increase/decrease y-o-y Increase/decrease y-o-y
Item 2020 2019
(RMB) (%)
Operating revenue 1,025,243,815.83 1,338,284,194.21 -313,040,378.38 -23.39%
Operating cost 846,905,942.49 1,087,774,366.66 -240,868,424.17 -22.14%
Net profit attributable to 21,964,552.84 -169,088,516.69 191,053,069.53 112.99%
shareholders of the listing
corporation
During the reporting period, the COVID-19 epidemic and macro market environment had a certain adverse impact
on the Company’s business. In addition, in order to adapt to the market changes, the company took the initiative to
adjust the industrial structure, sales revenue declined from a year earlier. During the reporting period, the net
profit attributable to shareholder of listed company amounted to 21.9646 million Yuan, the impact of
non-recurring gains/losses on net income was 176.3576 million Yuan, mainly includes the income from disposal
of non-current assets of 171.4543 million Yuan, that is transfer the subordinate enterprise’s equity and land
properties.
6. Facing delisting
□ Applicable √ Not applicable
7. 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 year
√Applicable □ Not applicable
Changes in accounting policies caused by changes in Accounting Standards for Business Enterprise
1. The Company implemented the Accounting Standards for Business Enterprise No.14- Revenue (hereinafter
referred to as New Revenue Standard) that revised by Ministry of Finance since 1 Jan. 2020. According to the
provisions of the relevant old and new standards, the information of comparable periods is not adjusted. The
cumulative impact of the implementation of new standards on the first implementation date is retrospectively
adjusted to the amount of retained earnings at the beginning of the reporting period and other related items in the
financial statement.
Main impact of the implementation of new revenue standards on the Company’s financial statement dated 1 Jan.
2020:
Item Balance Sheet
December 31, 2019 Impact of new revenue standard January 1, 2020
adjustments
Account received in advance 22,148,080.67 -22,148,080.67
Contract liability 19,600,071.39 19,600,071.39
Other current liability 2,548,009.28 2,548,009.28
2. Since 1 Jan. 2020, the company has implemented the Interpretation of Accounting Standards for Business
Enterprise No.13 issued by the Ministry of Finance in 2019, and change of the accounting policy is accounted for
using the future application method.
(2) Major accounting errors within reporting period that needs retrospective restatement
□ Applicable √ Not applicable
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Nanjing Putian Telecommunications Co., Ltd. Summary of Annual Report 2020
No major accounting errors within reporting period that needs retrospective restatement for the Company in the period.
(3) Compare with last year’s financial report; explain changes in consolidation statement’s scope
√Applicable □ Not applicable
(i) Disposal of subsidiaries
Loss of control upon a single disposal of an investment in a subsidiary
The difference between the
Basis for
Share ratio disposal price and share of the
Equity determining the
Equity disposal with equity Time-point of net assets of the subsidiary at
Subsidiary disposal time-point at
price disposed the control lost the consolidated financial
method which the control
(%) statement corresponding to the
is lost
disposal of the investment
Nanjing Putian 43,431,600.00 100.00 Transfer December 25, Completed 42,385,183.68
Information 2020 industrial &
Technology Co., commercial
Ltd. changes
(ii) Change in consolidation scope for other reasons
1. Increase in scope of consolidation
Company Way of the equity Time-point of the equity Contribution amount Contribution ratio
acquired acquired
Chongqing Puhua Establishment July 10, 2020 2,000,000.00 100.00%
Information
Technology Co., Ltd.
2. Decrease in scope of consolidation
Company Way of the equity Time-point of the equity Net assets on disposal Net profit from the
disposed disposed date beginning of the period
to the date of disposal
Nanjing Putian Cancel for December 31, 2020 754,205.54
Wangzhi Electronic liquidation
Co., Ltd
Nanjing Bada Cancel for December 31, 2020 4,301,547.02
Telecommunications liquidation
Equipment Co., Ltd.
Board of Directors of
Nanjing Putian Telecommunications Co., Ltd.
20 April 2021
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