Nanjing Putian Telecommunications Co., Ltd. Summary of Annual Report 2021
Stock Code: 200468 Short Form of the Stock: NJ TEL B Notice No.: 2022-013
Nanjing Putian Telecommunications Co., Ltd.
Summary of Annual Report 2021
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 2021
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
multimedia communication and 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 building intelligent system solutions; subsidiary Nanjing Nanman Electric 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.
During the reporting period, The Company granted 14 new patents (including 4 patents for inventions and 10 utility models) , and
participated in the formulation of multiple industry standards such as Standards of the PoE System Engineering Technical for
Ethernet. Southern Telecom obtained the Information Technology Service Management System Certification and the participation of
building the “isolation area remote visiting system” of Second Hospital of Shandong University won the 5G+Smart Medical
Innovation Application Awards; Telege Company obtained the certification of first batch “Power Over Ethernet (PoE) Products” in
China.
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 or not
√Yes □No
Retroactive adjustment or reasons of re-statement
Correction of accounting errors
Unit: RMB/CNY
Changes (+, -)
Year-end of
Year-end of 2020 compared with Year-end of 2019
2021
the year-end of
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Nanjing Putian Telecommunications Co., Ltd. Summary of Annual Report 2021
previous year
Before After After Before After
adjustment adjustment adjustment adjustment adjustment
1,167,608,410. 1,167,608,410. 1,652,005,519. 1,652,005,519.
Total assets 993,571,982.44 -14.91%
82 82 44 44
Net assets attributable to
65,187,412.69 189,624,160.92 189,624,160.92 -65.62% 169,543,106.29 169,543,106.29
shareholder of listed Company
Changes (+, -)
compared with
2020 2019
the previous
2021
year
Before After After Before After
adjustment adjustment adjustment adjustment adjustment
1,025,243,815. 1,025,243,815. 1,338,284,194. 1,156,771,262.
Operating revenue 917,129,674.49 -10.55%
83 83 21 94
Net profit attributable to
-138,766,373.7 -169,088,516.6 -169,088,516.6
shareholders of the listed 21,964,552.84 21,964,552.84 -731.77%
0 9 9
Company
Net profit attributable to
shareholders of the listed -141,603,716.8 -154,393,042.7 -154,393,042.7 -171,904,933.4 -171,904,933.4
8.28%
Company after deducting 2 6 6 1 1
non-recurring gains and losses
Net cash flow arising from
-61,717,528.76 88,145,348.87 88,145,348.87 -170.02% 22,686,114.91 22,686,114.91
operating activities
Basic earnings per share
-0.65 0.1 0.1 -750.00% -0.79 -0.79
(RMB/Share)
Diluted earnings per share
-0.65 0.1 0.1 -750.00% -0.79 -0.79
(RMB/Share)
Weighted average ROE -105.00% 12.29% 12.29% -117.29% -66.55% -66.55%
Reasons for changes in accounting policy and correction of accounting errors
According to relevant requirement of the Decision on Taking Corrective Regulatory Measures Against Nanjing Putian
Telecommunications Co., Ltd (Administrative Supervisory Measures Decision Letter of Jiangsu Securities Regulatory Bureau [2022]
No.10), and after deliberated and approved by 58 th session of 7th BOD held on April 22, 2022, The Company adopted retrospective
restatement method to correct the accounting errors for the periodic reports of 2017, 2018 and 2019. For the impact with annual
operation results and financial status concerned, found more in the Notice on Correction of Prior Period Accounting Errors released
by the Company dated April 26, 2022 and “15(1). Correction of Prior Period Accounting Errors” carried in Section X. of the full text
of the Annual Report.
(2) Quarterly main accounting data
Unit: RMB/CNY
First quarter Second quarter Third quarter Fourth quarter
Operating revenue 190,510,440.63 261,368,169.80 230,970,269.55 234,280,794.51
Net profit attributable to -15,982,760.06 -13,611,107.13 -6,957,585.43 -102,214,921.08
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Nanjing Putian Telecommunications Co., Ltd. Summary of Annual Report 2021
shareholders of the listed Company
Net profit attributable to
shareholders of the listed Company
-16,485,198.74 -13,381,259.75 -6,972,945.34 -104,764,312.99
after deducting non-recurring gains
and losses
Net cash flow arising from
-81,930,160.48 -34,792,112.67 11,355,021.94 43,649,722.45
operating activities
Whether there are significant differences between the above-mentioned financial index or its total number and the relevant financial
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
Unit: Share
Total
preferenc
Total e Total preference
common sharehold shareholders with
Total common stock
stock ers with voting rights
shareholders at end of
shareholder 8,100 7,949 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
Full name of Nature of Proportion of Amount of Information of shares
Amount of non-tradable shares held pledged, tagged or frozen
Shareholders shareholder shares held shares held
State of share Amount
State-owned
China Potevio 53.49% 115,000,000 115,000,000
corporation
Shenwan
Foreign
HongYuan 2.98% 6,416,820 0
corporation
(H.K.) Limited
GUOTAI
JUNAN
Foreign
SECURITIES( 1.30% 2,794,906 0
corporation
HONGKONG)
LIMITED
Domestic
Zheng Enyue 1.14% 2,449,739 0
nature person
Domestic
Sun Huiming 0.93% 2,000,000 0
nature person
Domestic
Gu Jinhua 0.87% 1,871,371 0
nature person
Guosen Foreign
0.85% 1,828,682 0
Securities corporation
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Nanjing Putian Telecommunications Co., Ltd. Summary of Annual Report 2021
(H.K.) Broker
Co., Ltd.
BOCI
Foreign
SECURITIES 0.59% 1,266,945 0
corporation
LIMITED
Domestic
Zhen Hongquan 0.46% 991,900 0
nature person
Domestic
Xiang Yan 0.42% 905,602 0
nature person
Explanation on associated Among the top ten shareholders, China Potevio is neither a related party nor a person acting in
relationship or concerted action concert with the others. It’s unknown by the Company whether there are related parties or
among the aforesaid shareholders 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 Electronics Technology Group Corporation
100%
ChinaPutian Corporation
100%
China Potevio Company Limited
53.49%
Nanjing Putian Telecommunications Co., Ltd.
5. Bonds in existence as of the approval date of the semi-annual report
□ Applicable √ Not applicable
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Nanjing Putian Telecommunications Co., Ltd. Summary of Annual Report 2021
III. Important events
1. Brief description of operations during the reporting period
During the reporting period, The Company adhered to the general principle of seeking progress while maintaining stability, closely
focused on The Company’s annual business tasks, and continued to carry out industrial adjustment, deepen reform and innovation,
reduce redundant staff, and promote cost reduction and efficiency improvement under the enormous pressure from external shocks
such as the COVID-19 pandemic and rising raw material prices, as well as The Company’s cash flow and production cost. During the
reporting period, The Company achieved an operating income of 917.13 million yuan, and net profit attributable to shareholders of
the listed company was -138.77 million yuan. The operating income decreased by 10.55% compared with the previous year, mainly
due to the intensifying market competition, repeated pandemics, industrial restructuring and other factors. The Company strived to
promote product transformation, reduce gross profit business, and improve sales order quality, thus the overall gross profit margin
increased, and the comprehensive gross profit margin increased by 3.83% on a year-on-year basis. The Company continued to
strengthen the control of general expenses, and expenses decreased by 28.65 million yuan compared with the previous year, however,
while the price of raw materials rose and the sales volume declined, The Company still needed to bear fixed costs and expenses, at
the same time, The Company made a provision for asset impairment of 107.32 million yuan in accordance with the accounting
standards this year, so the current net profit was negative.
2. Change of actual controller during the reporting period
During the reporting period, the state-owned equity of original actual controller of the Company -Potevio Group (China Potevio
Information Industry Group Co., Ltd.) was overall free transferred into CETC (China Electronics Technology Group Corporation),
the CETC becomes the actual controller of the Company. Found more in notices as Suggestive Notice on the Proposed Transfer of
the Entire Equity of the Actual Controller Without Compensation (dated February 25, 2021), the Notice on Approval of the
Restructuring of China Potevio and CETC (dated June 24, 2021), the Summary of Acquisition Report of Nanjing Putian
Telecommunications Co., Ltd. (dated September 1, 2021), the Acquisition Report of Nanjing Putian Telecommunications Co., Ltd.
(dated September 7, 2021) and the Notice on Completion of the Business Change Registration for Equity of Potevio Group(China
Potevio Information Industry Group Co., Ltd.) Transfer Without Compensation (dated September 24, 2021).
Board of Directors of
Nanjing Putian Telecommunications Co., Ltd.
26 April 2022
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