Nanjing Putian Telecommunications Co., Ltd. 2009 First Quarterly Report (Full Text)
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Nanjing Putian Telecommunications Co., Ltd.
2009 First Quarterly Report (Full Text)
§1 Important notice
1.1 The Board of Directors, the Supervisory Committee, the directors, supervisors
and senior management of the Company hereby confirm that there are no factitious
record, misleading statements or material omissions in this report, and collectively and
individually accepts full responsibility for the truthfulness, accuracy and completeness of
the whole contents.
1.2 The financial report for the first quarter of 2009 was not audited by a public
accounting firm.
1.3 Chairman of the BOD Mr. Zhao Xinping, General Manager Mr. Sun Liang, and
Chief Accountant Mr. Shi Lian hereby confirm that the financial report in this report is
truthful and complete.
1.4 This report is prepared both in Chinese and in English. In case of any
inconsistency between the two versions, the Chinese version should prevail.
§2 Company Profile
2.1 Main accounting data and financial indexes(CNY)
End of the reporting period End of Last year Change (%)
Total assets 1,220,534,510.56 1,229,410,783.11 -0.72%
Total of equity attributable to
owners of the parent company 326,341,104.75 325,891,395.72 0.14%
Share capital 215,000,000.00 215,000,000.00 0.00%
Net assets attributable to owners
of the parent company per share 1.518 1.516 0.13%
Reporting period Same period of last yar Change (%)
Total operating income 284,197,402.71 253,521,270.46 12.10%
Net profit attributable to the owners
of parent company 449,709.03 293,572.51 53.18%
Net cash generated from operating
activities -48,937,349.08 -59,954,072.59 18.38%
Net cash generated from operating
activities per share -0.228 -0.279 18.28%
Basic earnings per share 0.002 0.001 100.00%
Diluted earnings per share 0.002 0.001 100.00%
Return on net assets 0.14% 0.09% 0.05%
Return on net assets after
deducting non-recurrent profits or
losses
0.09% 0.06% 0.03%
Items of non-recurrent gains or losses From year-beginning to the
end of the reporting period
Profit and loss of non-current assets disposal -245.58
Government subsidy recorded into profit and loss of current period 100,000.00Nanjing Putian Telecommunications Co., Ltd. 2009 First
Quarterly Report (Full Text)
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Profit and loss of debt restructure 5,807.00
Net amount of other non-operating profit and expenses excluding items above 108,733.19
Influenced amount of income tax -24,652.17
Influenced amount of minority interest -47,844.01
Total 141,798.43
2.2 Total number of shareholders and top ten shareholders of tradable shares at
the end of the reporting period
Total number of shareholders at the
end of the reporting period 15,253
Top ten shareholders of tradable shares
Shareholder Holding of tradable shares Share type
Chan Keung 1,281,700 B-share
Jiang Xiaoming 583,800 B-share
Wang Feifei 568,008 B-share
Guo Mingbiao 545,600 B-share
Li Meifang 530,300 B-share
Shen Guo 500,265 B-share
Chen Chaofan 416,979 B-share
Zhong Guowei 362,900 B-share
Long Jianqiu 340,000 B-share
Zhao Guanghui 331,650 B-share
§3 Significant events
3.1 Material changes in main items on the financial statements and main financial
indicators, and explanation on the reason of the changes
√applicable □inapplicable
Item At the end of the
reporting period
At the beginning
of the reporting
period
Change(Amount) Change(%) Main reason for a substantial
change
Notes receivable 2,523,727.00 6,349,430.00 -3,825,703.00 -60.25% The decrease is due to the
discounting of some notes
receivable in the reporting
period
Advances from
customers
10,168,898.42 15,375,739.80 -5,206,841.38 -33.86% Some contracts was executed
and goods was delivered
Current period
Same period of
last year
Change(Amount) Change(%)
Impairment loss on
assets
-16,086,346.59 -350,000.00 -15,736,346.59 -4496.10% The Company disposed some
wireless product inventory that
had been drown provision for
devaluation in low price
Investment income 1,346,181.96 649,644.84 696,537.12 107.22% Investment income from joint
ventures was accounted under
the equity method
Net cash flow from
financing activities
-15,170,955.95 11,604,438.30 -26,775,394.25 -230.73% Bank loans were expired and
needed to be renewedNanjing Putian Telecommunications Co., Ltd. 2009 First Quarterly Report (Full Text)
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3.2 Progress of significant events as well as analysis of its effect and solution plan
□applicable √inapplicable
3.3 Commitment of the Company, shareholders or the effective controller, and
fulfillment of the commitment
□applicable √inapplicable
3.4 Caution and explanation on a forecasted accumulated net loss for the period
from the year-beginning to the end of the next reporting period or a material
change in net profit compared with the same period of last year
□applicable √inapplicable
3.5 Other significant events
3.5.1 Securities investment
□Applicable √ Inapplicable
3.5.2 Reception of investigation, communication and interview during the reporting period
In the reporting period, the Company did not receive investigation, communication and
iterview.
3.5.3 Other significant events
□Applicable √ Inapplicable
§4 AppendixNanjing Putian Telecommunications Co., Ltd. 2009 First Quarterly Report (Full Text)
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4.1 Balance Sheet
Company name: Nanjing Putian Telecommunications Co., Ltd. 31 March 2009 Unit: CNY
At the end of the current period At the beginning of the current period
Item Consolidated Parent Company Consolidated Parent Company
Current asset:
Monetary fund 254,198,017.24 179,415,689.74 320,147,650.59 259,364,708.17
Settlement provision
Outgoing call loan
Trading financial assets
Notes receivable 2,523,727.00 100,000.00 6,349,430.00 736,000.00
Account receivable 404,449,806.80 310,527,510.49 337,226,330.95 244,877,404.04
Prepaid fund 48,679,351.93 38,440,823.24 48,146,368.56 39,570,789.34
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance
contracts receivable
Interest receivable
Dividends receivable
Other account receivable 37,679,432.60 60,859,899.35 33,411,453.54 30,760,661.50
Repurchasing of financial assets
Inventories 165,712,794.07 57,502,020.92 177,019,556.57 68,012,117.85
Non-current asset due in year
Other current asset
Total of current asset 913,243,129.64 646,845,943.74 922,300,790.21 643,321,680.90
Non-current assets
Loans and payment on other’s
behalf disbursed
Disposable financial asset
Expired investment in possess
Long-term receivable
Long-term share equity
investment 217,727,111.32 327,970,186.05 216,398,929.36 326,642,004.09
Property investment 5,372,202.55 5,433,475.69
Fixed assets 73,320,848.97 38,397,470.70 75,339,969.01 39,746,992.57
Construction in progress 1,176,623.36
Engineering material
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 9,694,594.72 3,137,310.13 9,937,618.84 3,221,250.46
R&D expense
Goodwill
Long-term deferred expenses
Differed income tax asset
Other non-current asset
Total of non-current assets 307,291,380.92 369,504,966.88 307,109,992.90 369,610,247.12
Total of assets 1,220,534,510.56 1,016,350,910.62 1,229,410,783.11 1,012,931,928.02
Legal person representative：Zhao Xinping Financial controller: Sun Liang Accountant officer: Shi
LianNanjing Putian Telecommunications Co., Ltd. 2009 First Quarterly Report (Full Text)
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4.1 Balance Sheet (continued)
Company name: Nanjing Putian Telecommunications Co., Ltd. 31 March 2009 Unit: CNY
At the end of the current period At the beginning of the current period
Item Consolidated Parent Company Consolidated Parent Company
Current liabilities
Short-term borrowings 479,000,000.00 279,000,000.00 490,000,000.00 290,000,000.00
Loan from Central Bank
Deposit received and hold for
others
Call loan received
Trade off financial liabilities
Notes payable 5,263,525.60 165,263,525.60 160,000,000.00
Accounts payable 304,014,985.95 117,823,547.01 303,518,882.73 108,621,465.61
Advances from customers 10,168,898.42 4,291,467.84 15,375,739.80 3,679,516.42
Selling of repurchased financial
assets
Fees and commissions
receivable
Employees benefits payable 13,111,307.39 2,987,975.24 13,489,219.64 3,477,875.49
Tax payable -12,647,599.18 3,249,229.66 -5,996,782.80 5,843,015.57
Interest payable
Dividend payable
Other payables 42,546,247.24 141,284,313.88 36,696,588.02 137,639,798.33
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Non-current liability due in year
Other current liability
Total of current liability 841,457,365.42 713,900,059.23 853,083,647.39 709,261,671.42
Non-current liabilities
Long-term borrowings
Bond payable
Long-term payables 80,118.00 80,118.00 80,118.00 80,118.00
Special payable
Expected liabilities
Differed income tax liability
Other non-recurring liabilities
Total of non-current liabilities 80,118.00 80,118.00 80,118.00 80,118.00
Total of liability 841,537,483.42 713,980,177.23 853,163,765.39 709,341,789.42
Owners’ equity (or shareholders’
equity)
Paid-in capital (or share capital) 215,000,000.00 215,000,000.00 215,000,000.00 215,000,000.00
Capital reserves 183,465,955.00 172,417,299.81 183,465,955.00 172,417,299.81
Less: Treasury stocks
Surplus reserves 589,559.77 589,559.76 589,559.77 589,559.76
Common risk provision
Undistributed profit -69,676,902.07 -85,636,126.18 -70,126,611.10 -84,416,720.97
Difference of foreign currency
translation -3,037,507.95 -3,037,507.95
Total of equity attributable to owners
of the parent company 326,341,104.75 302,370,733.39 325,891,395.72 303,590,138.60
Minor shareholders’ equity 52,655,922.39 50,355,622.00
Total of owners’ equity 378,997,027.14 302,370,733.39 376,247,017.72 303,590,138.60
Total of liabilities and owners’ equity 1,220,534,510.56 1,016,350,910.62 1,229,410,783.11
1,012,931,928.02
Legal person representative：Zhao Xinping Financial controller: Sun Liang Accountant officer: Shi
LianNanjing Putian Telecommunications Co., Ltd. 2009 First Quarterly Report (Full Text)
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4.2 Income statement
Company name: Nanjing Putian Telecommunications Co., Ltd. January to March 2009 Unit: CNY
Current Period Same Period of Last Year
Item Consolidated Parent Company Consolidated Parent Company
I. Total operating income 284,197,402.71 195,365,848.93 253,521,270.46 118,578,744.59
Incl. operating income 284,197,402.71 195,365,848.93 253,521,270.46 118,578,744.59
Interest income
Insurance fee earned
Fee and commission received
II. Total operating cost 281,948,085.24 198,030,927.48 251,687,234.86 124,163,435.71
Incl. operating cost 258,433,917.44 189,102,516.77 213,338,359.87 104,445,946.11
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Net insurance policy reserves
provided
Insurance policy dividend paid
Reinsurance expenses
Taxes and surcharges on
operations 817,217.49 145,048.76 1,308,091.30 156,880.24
Sales expense 19,484,312.10 11,446,869.92 18,346,583.87 8,859,295.96
Administrative expense 16,139,639.65 9,297,792.97 15,881,351.96 8,302,791.19
Financial expenses 3,159,345.15 2,594,493.81 3,162,847.86 2,748,522.21
Impairment loss on assets -16,086,346.59 -14,555,794.75 -350,000.00 -350,000.00
Plus: Gains from change of fair value
(“-“ for loss)
Investment income (“-“ for loss) 1,346,181.96 1,328,181.96 649,644.84 649,644.84
Incl. Investment gains from
affiliates 1,328,181.96 1,328,181.96 649,644.84 649,644.84
Gains from currency exchange
(“-“ for loss)
III. Operational profit (“-“ for loss) 3,595,499.43 -1,336,896.59 2,483,680.44 -4,935,046.28
Plus: Non-operating income 247,385.65 147,491.38 111,888.28 21,200.00
Less: Non-operating expenses 33,091.04 30,000.00 25,039.39
Incl. Loss from disposal of
non-current assets
IV. Gross profit (“-“ for loss) 3,809,794.04 -1,219,405.21 2,570,529.33 -4,913,846.28
Less: Income tax expenses 1,059,784.62 217,877.89
V. Net profit (“-“ for net loss) 2,750,009.42 -1,219,405.21 2,352,651.44 -4,913,846.28
Net profit attributable to the owners
of parent company 449,709.03 293,572.51
Minor shareholders’ equity 2,300,300.39 2,059,078.93
VI. Earnings per share:
(I) Basic earnings per share 0.002 0.001
(II) Diluted earnings per share 0.002 0.001
Legal person representative：Zhao Xinping Financial controller: Sun Liang Accountant officer: Shi
LianNanjing Putian Telecommunications Co., Ltd. 2009 First Quarterly Report (Full Text)
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4.3 Cash Flow Statement
Company name: Nanjing Putian Telecommunications Co., Ltd. January to March 2009 Unit: CNY
Current Period Same Period of Last Year
Item Consolidated Parent Company Consolidated Parent Company
I. Net cash flow from operating activities
Cash received from sales of products and
providing of services 258,151,394.96 147,645,270.92 283,369,150.34 122,283,017.19
Net increase of customer deposits and
capital kept for brother company
Net increase of loans from central bank
Net increase of inter-bank loans from other
financial bodies
Cash received against original insurance
contract
Net cash received from reinsurance
business
Net increase of client deposit and
investment
Net increase of trade financial asset
disposal
Cash received as interest, processing fee
and commission
Net increase of inter-bank fund received
Net increase of repurchasing business
Tax returned 93,410.32 75,000.00
Other cash received from operating activities 1,957,821.43 7,189,612.22 2,279,255.27 10,858,744.12
Sub-total of cash inflow from operating
activities 260,202,626.71 154,834,883.14 285,723,405.61 133,141,761.31
Cash paid for purchasing of merchandise
and services 244,904,641.76 150,986,372.96 284,104,319.02 138,452,860.05
Net increase of client trade and advance
Net increase of savings in central bank and
brother company
Cash paid for original contract claim
Cash paid for interest, processing fee and
commission
Cash paid for policy dividend
Cash paid to staffs or paid for staffs 25,246,720.57 14,642,568.07 24,071,811.98 13,856,148.50
Taxes paid 16,675,279.60 7,986,428.80 16,971,272.18 3,380,130.22
Cash paid for other operating activities 22,313,333.86 46,501,373.58 20,530,075.02 21,473,017.70
Sub-total of cash outflow from operating
activities 309,139,975.79 220,116,743.41 345,677,478.20 177,162,156.47
Net Cash flow from operating
activities -48,937,349.08 -65,281,860.27 -59,954,072.59 -44,020,395.16
II. Cash flow from investing activities
Cash received from investment retrieving 536,297.00
Cash received as investment gains 18,000.00
Net cash retrieved from disposal of fixed
assets, intangible assets, and other long-term
assets
100.00
Net cash received from disposal of
subsidiaries or other operational units
Cash received from other investing activities
Sub-total of cash inflow from investing
activities 18,000.00 536,397.00
Cash paid for construction of fixed assets,
intangible assets and other long-term assets 1,859,328.32 58,000.00 4,332,281.50 338,021.50
Cash paid as investment
Net increase of loan against pledge
Net cash received from subsidiaries andNanjing Putian Telecommunications Co., Ltd. 2009 First Quarterly
Report (Full Text)
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other operational units
Cash paid for other investing activities
Sub-total of cash outflow from investing
activities 1,859,328.32 58,000.00 4,332,281.50 338,021.50
Net cash flow from investing activities -1,841,328.32 -58,000.00 -3,795,884.50 -338,021.50
III. Cash flow from financing activities
Cash received as investment
Incl. Cash received as investment from
minor shareholders
Cash received as loans 56,000,000.00 56,000,000.00 101,000,000.00 96,000,000.00
Cash received from bond placing
Other financing-related cash received
Subtotal of cash inflow from financing
activities 56,000,000.00 56,000,000.00 101,000,000.00 96,000,000.00
Cash to repay debts 67,000,000.00 67,000,000.00 85,000,000.00 80,000,000.00
Cash paid as dividend, profit or interests 4,170,955.95 3,609,158.16 4,395,561.70 3,795,666.70
Incl. Dividend and profit paid by subsidiaries
to minor shareholders
Cash paid for other financing activities
Subtotal of cash outflow due to financing
activities 71,170,955.95 70,609,158.16 89,395,561.70 83,795,666.70
Net cash flow from financing activities -15,170,955.95 -14,609,158.16 11,604,438.30 12,204,333.30
IV. Influence of exchange rate alternation on
cash and cash equivalents
V. Net increase of cash and cash equivalents -65,949,633.35 -79,949,018.43 -52,145,518.79 -32,154,083.36
Plus: Balance of cash and cash equivalents
at the beginning of term 320,147,650.59 259,364,708.17 287,726,540.06 199,852,279.50
VI. Balance of cash and cash equivalents at the
end of term 254,198,017.24 179,415,689.74 235,581,021.27 167,698,196.14
Legal person representative：Zhao Xinping Financial controller: Sun Liang Accountant officer: Shi
LianNanjing Putian Telecommunications Co., Ltd. 2009 First Quarterly Report (Full Text)
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4.4 Auditor’s report
Auditor’s opinion: Not audited.
Board of Directors
Nanjing Putian Telecommunications Co., Ltd.
25 April 2009
