Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2021
Nanjing Putian Telecommunications Co., Ltd.
First Quarterly Report 2021
April 2021
1
Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2021
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 are attended the Board Meeting for Quarterly Report deliberation.
Wang Wenkui, Principal of the Company, Wang Huailin, person in charger of
accounting works and Tang Yiqiao, person in charge of accounting organ
(accounting principal) hereby confirm that the Financial Report of this
Quarterly Report is authentic, accurate and complete.
2
Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2021
Section II. Company Profile
I. Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data
□ 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) 190,510,440.63 151,862,432.34 25.45%
Net profit attributable to shareholders of
-15,982,760.06 -30,609,179.61 47.78%
the listed company (RMB)
Net profit attributable to shareholders of
the listed company after deducting -16,485,198.74 -33,044,537.66 50.11%
non-recurring gains and losses (RMB)
Net cash flow arising from operating
-81,930,160.48 -19,005,983.54 -331.08%
activities (RMB)
Basic earnings per share (RMB/Share) -0.074 -0.142 47.89%
Diluted earnings per share (RMB/Share) -0.074 -0.142 47.89%
Weighted average ROE -8.80% -19.85% 11.05%
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) 1,091,284,591.48 1,167,608,410.82 -6.54%
Net assets attributable to shareholder of
173,641,400.86 189,624,160.92 -8.43%
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
15,829.32
write-off that accrued for impairment of assets)
Governmental subsidy reckoned into current gains/losses (not
including the subsidy enjoyed in quota or ration according to
465,000.00
national standards, which are closely relevant to enterprises
business)
Other non-operating income and expenditure except for the 26,555.76
3
Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2021
aforementioned items
Less: impact on income tax 0.00
Impact on minority shareholders equity (post-tax) 4,946.40
Total 502,438.68 --
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
In reporting period, the Company has no particular about 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
II. Total number of shareholders at the end of this report period and top ten shareholders
1. Total number of common shareholders and preference shareholders with voting rights recovered and top
ten common shareholders
In shares
Total number of common Total preference shareholders with
shareholders at the end of report 8,346 voting rights recovered at end of 0
period reporting period (if applicable)
Top ten shareholders
Amount of Number of share pledged/frozen
Shareholders 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
Shenwan
Foreign
HongYuan (H.K.) 2.97% 6,386,820 0
corporation
Limited
Domestic nature
Zheng Enyue 1.14% 2,449,739 0
person
GUOTAI
JUNAN
Foreign
SECURITIES(H 0.94% 2,023,450 0
corporation
ONGKONG)
LIMITED
Domestic nature
Sun Huiming 0.93% 2,007,110 0
person
4
Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2021
Domestic nature
Gu Jinhua 0.87% 1,871,371 0
person
Guosen Securities
Foreign
(H.K.) Broker 0.85% 1,828,682 0
corporation
Co., Ltd.
BOCI
Foreign
SECURITIES 0.59% 1,266,945 0
corporation
LIMITED
Domestic nature
Zhen Hongquan 0.43% 924,000 0
person
Domestic nature
Xiang Yan 0.42% 905,602 0
person
The top ten circulation shareholders shareholdings
Type of shares
Shareholders name Amount of listed circulation shares held
Type Amount
Domestically
Shenwan HongYuan (H.K.) Limited 6,386,820 listed foreign 6,386,820
shares
Domestically
Zheng Enyue 2,449,739 listed foreign 2,449,739
shares
GUOTAI JUNAN Domestically
SECURITIES(HONGKONG) 2,023,450 listed foreign 2,023,450
LIMITED shares
Domestically
Sun Huiming 2,007,110 listed foreign 2,007,110
shares
Domestically
Gu Jinhua 1,871,371 listed foreign 1,871,371
shares
Domestically
Guosen Securities (H.K.) Broker
1,828,682 listed foreign 1,828,682
Co., Ltd.
shares
Domestically
BOCI SECURITIES LIMITED 1,266,945 listed foreign 1,266,945
shares
Domestically
Zhen Hongquan 924,000 listed foreign 924,000
shares
5
Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2021
Domestically
Xiang Yan 905,602 listed foreign 905,602
shares
Domestically
Liang Wei 772,800 listed foreign 772,800
shares
Note of related relationship among Among the top ten shareholders, China Potevio is neither a related party nor a person acting
the above shareholders and in concert with the others. Its unknown by the Company whether there are related parties or
concerted actors persons acting in concert among the other shareholders.
Explanation on top ten common
shareholders involving margin N/A
business (if applicable)
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a buy-back agreement
dealing in reporting period
□ Yes √ No
The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company have no buy-back
agreement dealing in reporting period.
2. Total shareholders with preferred stock held and shares held by top ten shareholders with preferred
stock held
□ Applicable √ Not applicable
6
Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2021
Section III. Significant Events
I. Particulars about material changes in items of main accounting statement and financial
index and explanations of reasons
√ Applicable □ Not applicable
Amount of changes
Item March 31, 2021 March 31, 2020 Changes ratio (%) Reasons of great changes
(RMB)
Monetary funds 123,072,316.52 209,849,710.96 -86,777,394.44 -41.35% Payment for goods during the
reporting period
Notes receivable 4,926,952.01 17,029,051.04 -12,102,099.03 -71.07% Endorsed transfer of acceptance
notes
Advance payment 31,331,703.57 19,616,348.65 11,715,354.92 59.72% Advance payment to suppliers
during the reporting period
Short-term loan 118,500,000.00 65,000,000.00 53,500,000.00 82.31% Loans at the end of the period
increased from the beginning of
the year
Taxes payable 1,885,458.21 8,707,248.67 -6,821,790.46 -78.35% Payment of taxes accrued in the
previous period during the
reporting period
January-March 2021 January-March 2020 Amount of changes
Changes ratio (%) Reasons of great changes
(RMB)
Financial expenses 1,238,209.42 6,900,334.12 -5,662,124.70 -82.06% Interest expenses decreased
year-on-year
Other income 1,030,696.83 3,534,427.01 -2,503,730.18 -70.84% Government subsidies decreased
year-on-year
Operating profit -16,764,387.06 -31,339,147.31 14,574,760.25 46.51% During the reporting period, with
The total profit -16,737,831.30 -31,249,679.72 14,511,848.42 46.44% the effective control of the
Net profit -17,481,672.55 -31,324,708.48 13,843,035.93 44.19% COVID-19, the company
increased its market
Net profit attributable -15,982,760.06 -30,609,179.61 14,626,419.55 47.78%
development efforts, and sales
to shareholders of the
revenue increased over the same
parent company
period of the previous year. At
the same time, the company
continued to strengthen internal
management and strengthened
cost control. During the
reporting period, losses were
reduced year-on-year.
Net cash flow from -81,930,160.48 -19,005,983.54 -62,924,176.94 -331.08% The cash spent on purchasing
operating activities goods during the reporting
7
Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2021
period increased year-on-year
Subtotal of cash 78,500,000.00 60,000,000.00 18,500,000.00 30.83% Year-on-year increase in loans
inflows from financing during the reporting period
activities
Subtotal of cash 40,360,321.79 124,823,986.06 -84,463,664.27 -67.67% Loans returned during the
outflows from reporting period decreased
financing activities year-on-year
Net cash flow from 38,139,678.21 -64,823,986.06 102,963,664.27 158.84% During the reporting period,
financing activities loans obtained increased
year-on-year, while loans
returned decreased year-on-year.
Net increase in cash -46,725,320.02 -87,374,861.17 40,649,541.15 46.52% Mainly because of the increase
and cash equivalents in cash flow from financing
activities compared with the
same period last year
II. Analysis and explanation of significant events and their influence and solutions
□Applicable √Not applicable
Progress of shares buy-back
□Applicable √Not applicable
Implementation progress of the reduction of repurchases shares by centralized bidding
□Applicable √Not applicable
III. Commitments completed in Period and those without completed till end of the Period
from actual controller, shareholders, related parties, purchaser and companies
□ Applicable √ Not applicable
The Company has no commitments completed in Period and those without completed till end of the Period from actual controller,
shareholders, related parties, purchaser and companies.
IV. Financial asset investment
1. Securities investment
□ Applicable √ Not applicable
No security investment in the Period.
2. Derivative investment
□ Applicable √ Not applicable
No derivative investment in the Period.
8
Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2021
V. Progress of investment projects with raised funds
□ Applicable √ Not applicable
VI. Prediction of business performance from January – June 2021
Estimation on accumulative net profit from the beginning of the year to the end of next report period to be loss probably or the
warning of its material change compared with the corresponding period of the last year and explanation on reason
□ Applicable √ Not applicable
VII. Major contracts for daily operations
□ Applicable √ Not applicable
VIII. Trust financing
□ Applicable √ Not applicable
No trust financing in the Period.
IX. Guarantee outside against the regulation
□Applicable √Not applicable
The Company had no guarantee outside against the regulation in the period.
X. Non-operational fund occupation from controlling shareholders and its related party
□ Applicable √ Not applicable
The Company had no non-operational fund occupation form controlling shareholders and its related party in the period.
XI. Registration form for receiving research, communication and interview in the report
period
□Applicable √Not applicable
The Company had no receiving research, communication or interview in the report period.
9
Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2021
IV. Financial statement
I. Financial statement
1. Consolidated balance sheet
Prepared by Nanjing Putian Telecommunications Co., Ltd.
March 31, 2021
In RMB
Item March 31, 2021 March 31, 2020
Current assets:
Monetary fund 123,072,316.52 209,849,710.96
Settlement provisions
Capital lent
Trading financial assets
Derivative financial assets
Note receivable 4,926,952.01 17,029,051.04
Account receivable 482,100,478.36 493,992,403.49
Receivable financing 33,554,019.92 32,594,702.60
Accounts paid in advance 31,331,703.57 19,616,348.65
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
Other account receivable 20,250,353.22 16,911,790.31
Including: Interest receivable
Dividend receivable
Buying back the sale of financial
assets
Inventories 216,639,925.53 199,641,972.32
Contractual assets
Assets held for sale
Non-current asset due within one
year
Other current assets 13,258,778.62 13,126,022.08
10
Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2021
Total current assets 925,134,527.75 1,002,762,001.45
Non-current assets:
Loans and payments on behalf
Debt investment
Other debt investment
Long-term account receivable
Long-term equity investment 10,421,985.58 10,422,056.96
Investment in other equity
741,953.00 741,953.00
instrument
Other non-current financial assets 0.00
Investment real estate 4,221,952.49 4,267,013.35
Fixed assets 100,125,554.50 100,158,063.58
Construction in progress 23,794,810.14 22,454,792.27
Productive biological asset
Oil and gas asset
Right-of-use assets
Intangible assets 21,072,823.84 21,261,119.40
Expense on Research and
Development
Goodwill
Long-term expenses to be
5,770,984.18 5,541,410.81
apportioned
Deferred income tax asset
Other non-current asset
Total non-current asset 166,150,063.73 164,846,409.37
Total assets 1,091,284,591.48 1,167,608,410.82
Current liabilities:
Short-term loans 118,500,000.00 65,000,000.00
Loan from central bank
Capital borrowed
Trading financial liability
Derivative financial liability
Note payable 66,035,010.10 76,135,010.10
Account payable 525,603,913.86 604,765,586.00
Accounts received in advance
11
Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2021
Contractual liability 27,472,415.99 28,518,252.40
Selling financial asset of
repurchase
Absorbing deposit and interbank
deposit
Security trading of agency
Security sales of agency
Wage payable 14,195,321.27 17,362,878.28
Taxes payable 1,885,458.21 8,707,248.67
Other account payable 44,481,367.53 53,759,120.63
Including: Interest payable
Dividend payable 1,692,213.38 4,044,213.38
Commission charge and
commission payable
Reinsurance payable
Liability held for sale
Non-current liabilities due within
6,550,141.14 9,181,720.08
one year
Other current liabilities 3,571,414.08 3,707,372.81
Total current liabilities 808,295,042.18 867,137,188.97
Non-current liabilities:
Insurance contract reserve
Long-term loans
Bonds payable
Including: Preferred stock
Perpetual capital
securities
Lease liability
Long-term account payable 4,036,160.05 4,036,160.05
Long-term wages payable
Accrual liability
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 4,036,160.05 4,036,160.05
12
Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2021
Total liabilities 812,331,202.23 871,173,349.02
Owners equity:
Share capital 215,000,000.00 215,000,000.00
Other equity instrument
Including: Preferred stock
Perpetual capital
securities
Capital public reserve 183,568,842.44 183,568,842.44
Less: Inventory shares
Other comprehensive income -6,853,931.65 -6,853,931.65
Reasonable reserve
Surplus public reserve 589,559.77 589,559.77
Provision of general risk
Retained profit -218,663,069.70 -202,680,309.64
Total owner s equity attributable to
173,641,400.86 189,624,160.92
parent company
Minority interests 105,311,988.39 106,810,900.88
Total owner s equity 278,953,389.25 296,435,061.80
Total liabilities and owner s equity 1,091,284,591.48 1,167,608,410.82
Legal Representative: Wang Wenkui
Person in charge of accounting works: Wang Huailin
Person in charge of accounting institute: Tang Yiqiao
2. Balance Sheet of Parent Company
In RMB
Item March 31, 2021 March 31, 2020
Current assets:
Monetary funds 61,393,257.86 57,345,349.24
Trading financial assets
Derivative financial assets
Note receivable 437,329.77 1,190,734.45
Account receivable 209,560,482.15 218,887,318.18
Receivable financing 483,525.94
13
Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2021
Accounts paid in advance 10,825,475.03 10,138,293.79
Other account receivable 48,768,758.42 50,275,151.96
Including: Interest receivable
Dividend receivable
Inventories 76,340,970.05 80,454,321.56
Contractual assets
Assets held for sale
Non-current assets maturing within
one year
Other current assets 6,477,656.56 7,516,579.06
Total current assets 414,287,455.78 425,807,748.24
Non-current assets:
Debt investment
Other debt investment
Long-term receivables
Long-term equity investments 123,831,053.22 123,831,124.60
Investment in other equity
741,953.00 741,953.00
instrument
Other non-current financial assets
Investment real estate
Fixed assets 44,443,345.55 45,117,637.57
Construction in progress
Productive biological assets
Oil and natural gas assets
Right-of-use assets
Intangible assets 4,915,591.59 5,006,099.13
Research and development costs
Goodwill
Long-term deferred expenses 4,177,391.10 4,461,404.63
Deferred income tax assets
Other non-current assets
Total non-current assets 178,109,334.46 179,158,218.93
Total assets 592,396,790.24 604,965,967.17
Current liabilities
Short-term borrowings 80,000,000.00 30,000,000.00
14
Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2021
Trading financial liability
Derivative financial liability
Notes payable 66,035,010.10 76,135,010.10
Account payable 192,597,160.32 214,453,536.53
Accounts received in advance
Contractual liability 13,613,730.10 14,109,283.43
Wage payable 7,920,196.03 7,931,673.97
Taxes payable 115,233.85
Other accounts payable 152,314,850.92 164,586,605.64
Including: Interest payable
Dividend payable
Liability held for sale
Non-current liabilities due within
6,550,141.14 9,181,720.08
one year
Other current liabilities 1,769,784.91 1,834,206.85
Total current liabilities 520,800,873.52 518,347,270.45
Non-current liabilities:
Long-term loans
Bonds payable
Including: preferred stock
Perpetual capital
securities
Lease liability
Long-term account payable 4,036,160.05 4,036,160.05
Long term employee compensation
payable
Accrued liabilities
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 4,036,160.05 4,036,160.05
Total liabilities 524,837,033.57 522,383,430.50
Owners equity:
Share capital 215,000,000.00 215,000,000.00
Other equity instrument
15
Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2021
Including: preferred stock
Perpetual capital
securities
Capital public reserve 158,864,042.34 158,864,042.34
Less: Inventory shares
Other comprehensive income -1,854,910.00 -1,854,910.00
Special reserve
Surplus reserve 589,559.76 589,559.76
Retained profit -305,038,935.43 -290,016,155.43
Total owners equity 67,559,756.67 82,582,536.67
Total liabilities and owners equity 592,396,790.24 604,965,967.17
3. Consolidated Profit Statement
In RMB
Item Current period Last period
I. Total operating income 190,510,440.63 151,862,432.34
Including: Operating income 190,510,440.63 151,862,432.34
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 209,996,198.13 186,811,539.58
Including: Operating cost 154,170,044.93 121,884,114.71
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
Tax and extras 1,183,624.90 1,298,779.64
Sales expense 25,018,102.51 29,309,025.78
Administrative expense 14,682,748.04 14,492,379.95
16
Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2021
R&D expense 13,703,468.33 12,926,905.38
Financial expense 1,238,209.42 6,900,334.12
Including: Interest
1,092,615.74 6,719,699.51
expenses
Interest income 255,546.16 241,086.66
Add: other income 1,030,696.83 3,534,427.01
Investment income (Loss is
-71.38
listed with “-”)
Including: Investment income
on affiliated company and joint venture
The termination of income
recognition for financial assets measured
by amortized cost(Loss is listed with “-”)
Exchange income (Loss is
listed with “-”)
Net exposure hedging income
(Loss is listed with “-”)
Income from change of fair
value (Loss is listed with “-”)
Loss of credit impairment
1,674,915.67
(Loss is listed with “-”)
Losses of devaluation of asset
75,263.91
(Loss is listed with “-”)
Income from assets disposal
15,829.32 269.01
(Loss is listed with “-”)
III. Operating profit (Loss is listed with
-16,764,387.06 -31,339,147.31
“-”)
Add: Non-operating income 30,248.66 96,000.00
Less: Non-operating expense 3,692.90 6,532.41
IV. Total profit (Loss is listed with “-”) -16,737,831.30 -31,249,679.72
Less: Income tax expense 743,841.25 75,028.76
V. Net profit (Net loss is listed with “-”) -17,481,672.55 -31,324,708.48
(i) Classify by business continuity
1.continuous operating net profit
-17,481,672.55 -31,324,708.48
(net loss listed with -”)
2.termination of net profit (net loss
listed with -”)
17
Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2021
(ii) Classify by ownership
1.Net profit attributable to owners
-15,982,760.06 -30,609,179.61
of parent company
2.Minority shareholders gains and
-1,498,912.49 -715,528.87
losses
VI. Net after-tax of other comprehensive
0.15
income
Net after-tax of other comprehensive
income attributable to owners of parent 0.14
company
(i) Other comprehensive income
items which will not be reclassified
subsequently to profit of loss
1.Changes of the defined
benefit plans that re-measured
2.Other comprehensive
income under equity method that cannot
be transfer to gain/loss
3.Change of fair value of
investment in other equity instrument
4.Fair value change of
enterprise's credit risk
5. Other
(ii) Other comprehensive income
items which will be reclassified 0.14
subsequently to profit or loss
1.Other comprehensive
income under equity method that can
transfer to gain/loss
2.Change of fair value of
other debt investment
3.Amount of financial assets
re-classify to other comprehensive
income
4.Credit impairment
provision for other debt investment
5.Cash flow hedging reserve
6.Translation differences
0.14
arising on translation of foreign currency
18
Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2021
financial statements
7.Other
Net after-tax of other comprehensive
income attributable to minority 0.01
shareholders
VII. Total comprehensive income -17,481,672.55 -31,324,708.33
Total comprehensive income
-15,982,760.06 -30,609,179.47
attributable to owners of parent Company
Total comprehensive income
-1,498,912.49 -715,528.86
attributable to minority shareholders
VIII. Earnings per share:
(i) Basic earnings per share -0.074 -0.142
(ii) Diluted earnings per share -0.074 -0.142
Enterprise combine under the same control in the Period, the combined party realized net profit of 0 Yuan before combination, and
realized 0 Yuan at last period for combined party
Legal Representative: Wang Wenkui
Person in charge of accounting works: Wang Huailin
Person in charge of accounting institute: Tang Yiqiao
4. Profit Statement of Parent Company
In RMB
Item Current period Last period
I. Operating income 29,925,904.77 21,803,267.77
Less: Operating cost 27,171,502.50 22,054,362.07
Taxes and surcharge 403,011.53 234,477.91
Sales expenses 7,470,346.14 9,990,064.44
Administration expenses 7,474,969.56 5,816,804.15
R&D expenses 2,490,157.82 2,052,466.20
Financial expenses 439,459.82 6,125,078.71
Including: interest
473,204.61 5,885,491.91
expenses
Interest income 56,798.20 145,758.67
Add: other income 465,000.00 1,226,520.65
Investment income (Loss is -71.38 29,100,000.00
19
Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2021
listed with “-”)
Including: Investment income
on affiliated Company and joint venture
The termination of
income recognition for financial assets
measured by amortized cost (Loss is
listed with “-”)
Net exposure hedging income
(Loss is listed with “-”)
Changing income of fair
value (Loss is listed with “-”)
Loss of credit impairment
(Loss is listed with “-”)
Losses of devaluation of asset
7,043.75
(Loss is listed with “-”)
Income on disposal of assets
15,829.32
(Loss is listed with “-”)
II. Operating profit (Loss is listed with
-15,042,784.66 5,863,578.69
“-”)
Add: Non-operating income 22,004.66 5,000.00
Less: Non-operating expense 2,000.00 6,532.41
III. Total Profit (Loss is listed with “-”) -15,022,780.00 5,862,046.28
Less: Income tax
IV. Net profit (Net loss is listed with
-15,022,780.00 5,862,046.28
“-”)
(i)continuous operating net profit (net
-15,022,780.00 5,862,046.28
loss listed with -”)
(ii) termination of net profit (net
loss listed with -”)
V. Net after-tax of other comprehensive
income
(i) Other comprehensive income
items which will not be reclassified
subsequently to profit of loss
1.Changes of the defined
benefit plans that re-measured
2.Other comprehensive
income under equity method that cannot
be transfer to gain/loss
20
Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2021
3.Change of fair value of
investment in other equity instrument
4.Fair value change of
enterprise's credit risk
5. Other
(ii) Other comprehensive income
items which will be reclassified
subsequently to profit or loss
1.Other comprehensive
income under equity method that can
transfer to gain/loss
2.Change of fair value of
other debt investment
3.Amount of financial
assets re-classify to other
comprehensive income
4.Credit impairment
provision for other debt investment
5.Cash flow hedging
reserve
6.Translation differences
arising on translation of foreign
currency financial statements
7.Other
VI. Total comprehensive income -15,022,780.00 5,862,046.28
VII. Earnings per share:
(i) Basic earnings per share
(ii) Diluted earnings per share
5. Consolidated Cash Flow Statement
In RMB
Item Current period Last period
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor 250,243,378.15 252,361,206.16
services
Net increase of customer deposit
21
Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2021
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
Net increase of insured savings
and investment
Cash received from interest,
commission charge and commission
Net increase of capital borrowed
Net increase of returned business
capital
Net cash received by agents in sale
and purchase of securities
Write-back of tax received 858,730.09 1,358,428.48
Other cash received concerning
6,028,610.89 15,822,757.39
operating activities
Subtotal of cash inflow arising from
257,130,719.13 269,542,392.03
operating activities
Cash paid for purchasing
commodities and receiving labor 236,381,924.51 200,816,653.87
service
Net increase of customer loans and
advances
Net increase of deposits in central
bank and interbank
Cash paid for original insurance
contract compensation
Net increase of capital lent
Cash paid for interest, commission
charge and commission
Cash paid for bonus of guarantee
slip
Cash paid to/for staff and workers 52,415,599.29 48,691,757.30
22
Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2021
Taxes paid 12,949,793.34 11,886,058.24
Other cash paid concerning
37,313,562.47 27,153,906.16
operating activities
Subtotal of cash outflow arising from
339,060,879.61 288,548,375.57
operating activities
Net cash flows arising from operating
-81,930,160.48 -19,005,983.54
activities
II. Cash flows arising from investing
activities:
Cash received from recovering
investment
Cash received from investment
income
Net cash received from disposal of
fixed, intangible and other long-term 31,890.00 800.00
assets
Net cash received from disposal of
subsidiaries and other units
Other cash received concerning
investing activities
Subtotal of cash inflow from investing
31,890.00 800.00
activities
Cash paid for purchasing fixed,
3,047,327.00 3,666,668.11
intangible and other long-term assets
Cash paid for investment
Net increase of mortgaged loans
Net cash received from
subsidiaries and other units obtained
Other cash paid concerning
investing activities
Subtotal of cash outflow from investing
3,047,327.00 3,666,668.11
activities
Net cash flows arising from investing
-3,015,437.00 -3,665,868.11
activities
III. Cash flows arising from financing
activities
Cash received from absorbing
investment
23
Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2021
Including: Cash received from
absorbing minority shareholders
investment by subsidiaries
Cash received from loans 78,500,000.00 60,000,000.00
Other cash received concerning
financing activities
Subtotal of cash inflow from financing
78,500,000.00 60,000,000.00
activities
Cash paid for settling debts 27,631,578.94 109,180,771.46
Cash paid for dividend and profit
2,996,172.08 15,519,247.38
distributing or interest paying
Including: Dividend and profit of
minority shareholder paid by 10,846,600.00
subsidiaries
Other cash paid concerning
9,732,570.77 123,967.22
financing activities
Subtotal of cash outflow from financing
40,360,321.79 124,823,986.06
activities
Net cash flows arising from financing
38,139,678.21 -64,823,986.06
activities
IV. Influence on cash and cash
equivalents due to fluctuation in 80,599.25 120,976.54
exchange rate
V. Net increase of cash and cash
-46,725,320.02 -87,374,861.17
equivalents
Add: Balance of cash and cash
170,062,746.87 208,783,866.60
equivalents at the period -begin
VI. Balance of cash and cash
123,337,426.85 121,409,005.43
equivalents at the period -end
6. Cash Flow Statement of Parent Company
In RMB
Item Current period Last period
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor 40,374,627.59 114,563,187.22
services
24
Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2021
Write-back of tax received 13,708.42
Other cash received concerning
39,217,058.42 25,418,803.04
operating activities
Subtotal of cash inflow arising from
79,605,394.43 139,981,990.26
operating activities
Cash paid for purchasing
commodities and receiving labor 46,228,104.06 33,854,921.52
service
Cash paid to/for staff and workers 16,719,330.82 19,081,655.33
Taxes paid 441,118.43 467,518.05
Other cash paid concerning
14,919,488.58 45,743,659.74
operating activities
Subtotal of cash outflow arising from
78,308,041.89 99,147,754.64
operating activities
Net cash flows arising from operating
1,297,352.54 40,834,235.62
activities
II. Cash flows arising from investing
activities:
Cash received from recovering
investment
Cash received from investment
29,100,000.00
income
Net cash received from disposal of
fixed, intangible and other long-term 31,890.00
assets
Net cash received from disposal of
subsidiaries and other units
Other cash received concerning
investing activities
Subtotal of cash inflow from investing
31,890.00 29,100,000.00
activities
Cash paid for purchasing fixed,
intangible and other long-term assets
Cash paid for investment
Net cash received from
subsidiaries and other units obtained
Other cash paid concerning
investing activities
25
Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2021
Subtotal of cash outflow from investing
activities
Net cash flows arising from investing
31,890.00 29,100,000.00
activities
III. Cash flows arising from financing
activities
Cash received from absorbing
investment
Cash received from loans 50,000,000.00 20,000,000.00
Other cash received concerning
financing activities
Subtotal of cash inflow from financing
50,000,000.00 20,000,000.00
activities
Cash paid for settling debts 2,631,578.94 69,180,771.46
Cash paid for dividend and profit
262,247.08 5,148,927.11
distributing or interest paying
Other cash paid concerning
11,391,500.00
financing activities
Subtotal of cash outflow from financing
14,285,326.02 74,329,698.57
activities
Net cash flows arising from financing
35,714,673.98 -54,329,698.57
activities
IV. Influence on cash and cash
equivalents due to fluctuation in
exchange rate
V. Net increase of cash and cash
37,043,916.52 15,604,537.05
equivalents
Add: Balance of cash and cash
24,349,341.34 25,794,743.17
equivalents at the period -begin
VI. Balance of cash and cash
61,393,257.86 41,399,280.22
equivalents at the period -end
II. Explanation on financial statement adjustment
1. Financial statement adjustment at the beginning of the first year when implementation of new leasing
rules from 2021
√ Applicable □Not applicable
Whether to adjust the balance sheet account at the beginning of the year
√ Yes □ No
26
Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2021
Consolidate balance sheet
In RMB
Item December 31, 2020 January 1, 2021 Adjustment
Current assets:
Monetary fund 209,849,710.96 209,849,710.96
Note receivable 17,029,051.04 17,029,051.04
Accounts receivable 493,992,403.49 493,992,403.49
Account financing 32,594,702.60 32,594,702.60
Account paid in advance 19,616,348.65 19,616,348.65
Other account
16,911,790.31 16,911,790.31
receivable
Inventories 199,641,972.32 199,641,972.32
Other current assets 13,126,022.08 13,126,022.08
Total current assets 1,002,762,001.45 1,002,762,001.45
Non-current assets:
Long-term equity
10,422,056.96 10,422,056.96
investments
Investment in other
741,953.00 741,953.00
equity instrument
Investment real estate 4,267,013.35 4,267,013.35
Fixed assets 100,158,063.58 100,158,063.58
Construction in progress 22,454,792.27 22,454,792.27
Intangible assets 21,261,119.40 21,261,119.40
Long-term deferred
5,541,410.81 5,541,410.81
expenses
Total non-current assets 164,846,409.37 164,846,409.37
Total assets 1,167,608,410.82 1,167,608,410.82
Current liabilities：
Short-term borrowings 65,000,000.00 65,000,000.00
Notes payable 76,135,010.10 76,135,010.10
Account payable 604,765,586.00 604,765,586.00
Contractual liability 28,518,252.40 28,518,252.40
Wage payable 17,362,878.28 17,362,878.28
Taxes payable 8,707,248.67 8,707,248.67
Other accounts payable 53,759,120.63 53,759,120.63
27
Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2021
Dividend
4,044,213.38 4,044,213.38
payable
Non-current liabilities
9,181,720.08 9,181,720.08
due within one year
Other current liabilities 3,707,372.81 3,707,372.81
Total current liabilities 867,137,188.97 867,137,188.97
Non-current liabilities:
Lease liability 4,036,160.05 4,036,160.05
Long-term account
4,036,160.05 -4,036,160.05
payable
Total non-current liabilities 4,036,160.05 4,036,160.05
Total liabilities 871,173,349.02 871,173,349.02
Owners equity:
Share capital 215,000,000.00 215,000,000.00
Capital public reserve 183,568,842.44 183,568,842.44
Other comprehensive
-6,853,931.65 -6,853,931.65
income
Surplus reserve 589,559.77 589,559.77
Retained profit -202,680,309.64 -202,680,309.64
Total owners equity
attributable to parent 189,624,160.92 189,624,160.92
Company
Minority interests 106,810,900.88 106,810,900.88
Total owners equity 296,435,061.80 296,435,061.80
Total liabilities and owners
1,167,608,410.82 1,167,608,410.82
equity
Statement of adjustment
Balance Sheet of Parent Company
In RMB
Item December 31, 2020 January 1, 2021 Adjustment
Current assets:
Monetary fund 57,345,349.24 57,345,349.24
Note receivable 1,190,734.45 1,190,734.45
Accounts receivable 218,887,318.18 218,887,318.18
Advance payment 10,138,293.79 10,138,293.79
Other account 50,275,151.96 50,275,151.96
28
Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2021
receivable
Inventories 80,454,321.56 80,454,321.56
Other current assets 7,516,579.06 7,516,579.06
Total current assets 425,807,748.24 425,807,748.24
Non-current assets:
Long-term equity
123,831,124.60 123,831,124.60
investments
Investment in other
741,953.00 741,953.00
equity instrument
Fixed assets 45,117,637.57 45,117,637.57
Intangible assets 5,006,099.13 5,006,099.13
Long-term deferred
4,461,404.63 4,461,404.63
expenses
Total non-current assets 179,158,218.93 179,158,218.93
Total assets 604,965,967.17 604,965,967.17
Current liabilities：
Short-term borrowings 30,000,000.00 30,000,000.00
Notes payable 76,135,010.10 76,135,010.10
Account payable 214,453,536.53 214,453,536.53
Contractual liability 14,109,283.43 14,109,283.43
Wage payable 7,931,673.97 7,931,673.97
Taxes payable 115,233.85 115,233.85
Other accounts payable 164,586,605.64 164,586,605.64
Non-current liabilities
9,181,720.08 9,181,720.08
due within one year
Other current liabilities 1,834,206.85 1,834,206.85
Total current liabilities 518,347,270.45 518,347,270.45
Non-current liabilities:
Lease liability 4,036,160.05 4,036,160.05
Long-term account
4,036,160.05 -4,036,160.05
payable
Total non-current liabilities 4,036,160.05 4,036,160.05
Total liabilities 522,383,430.50 522,383,430.50
Owners equity:
Share capital 215,000,000.00 215,000,000.00
29
Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2021
Capital public reserve 158,864,042.34 158,864,042.34
Other comprehensive
-1,854,910.00 -1,854,910.00
income
Surplus reserve 589,559.76 589,559.76
Retained profit -290,016,155.43 -290,016,155.43
Total owners equity 82,582,536.67 82,582,536.67
Total liabilities and owners
604,965,967.17 604,965,967.17
equity
Statement of adjustment
2. Retrospective adjustment of the comparative data for initial new leasing rules from 2021
□Applicable √Not applicable
III. Audit report
Whether the 1st quarterly report has been audited or not
□Yes √ No
1Q report of the Company is unaudited.
Board of Directors of
Nanjing Putian Telecommunications Co., Ltd.
29 April 2021
30