Nanjing Putian Telecommunications Co., Ltd. The First Quarterly Report for 2022
Stock Code: 200468 Short Form of the Stock: NJ TEL B Notice No.: 2022-019
Nanjing Putian Telecommunications Co., Ltd.
The First Quarterly Report for 2022
The Company and whole members of the BOD guarantee that the information disclosed is true, accurate and
complete, and there are no any fictitious records, misleading statements or important omissions.
Important content reminder:
1. Board of Directors, Supervisory Committee, all directors, supervisors and senior executives of Nanjing Putian
Telecommunications Co., Ltd. (hereinafter referred to as the Company) hereby confirm that there are no any
fictitious statements, misleading statements, or important omissions carried in this report, and shall take all
responsibilities, individual and/or joint, for the reality, accuracy and completion of the whole contents.
2. Principal of the Company, Person in Charge of Accounting Works and Person in Charge of Accounting Organ
(Accounting Officer) hereby confirm that the Financial Report of the First Quarterly Report is authentic, accurate
and complete.
3. Whether the First Quarterly Report has been audited or not
□Yes √No
I. Main financial data
(i) Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data or not
□Yes√ No
Changes of this period over
Current Period Same period of last year
same period of last year
Operating income (RMB) 209,168,303.46 190,510,440.63 9.79%
Net profit attributable to shareholders of
-11,616,937.13 -15,982,760.06 27.32%
the listed company (RMB)
Net profit attributable to shareholders of
the listed company after deducting -11,627,342.45 -16,485,198.74 29.47%
non-recurring gains and losses (RMB)
Net cash flow arising from operating
-143,341,352.67 -81,930,160.48 -74.96%
activities (RMB)
Basic earnings per share (RMB/Share) -0.054 -0.074 27.03%
Diluted earnings per share (RMB/Share) -0.054 -0.074 27.03%
Weighted average ROE -19.56% -8.80% -10.76%
Changes of this period-end
End of this period End of last period
over same period-end of last
1
Nanjing Putian Telecommunications Co., Ltd. The First Quarterly Report for 2022
year
Total assets (RMB) 886,068,238.30 993,571,982.44 -10.82%
Owners’ equity attributable to shareholders
53,570,475.56 65,187,412.69 -17.82%
of listed company (RMB)
(ii) Items of non-recurring gains and losses
√ Applicable □ Not applicable
Unit: RMB/CNY
Item Current amount Note
Governmental subsidy calculated into current gains and
losses(while closely related with the normal business of the
Company, the government subsidy that accord with the provision 31,395.79
of national policies and are continuously enjoyed in line with a
certain standard quota or quantity are excluded)
Gain or loss on debt restructuring 1,922.40
Other non-operating income and expenses other than the above -3,730.65
Less: impact on income tax 4,709.37
Impact on minority shareholders’ equity (post-tax) 14,472.85
Total 10,405.32 --
Details of other gains/losses items that meet the definition of non-recurring gains/losses:
□ Applicable √ Not applicable
There are no other gains/losses items that meet the definition of non-recurring gains/losses in the Company.
Explain 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
□ Applicable √ Not applicable
There are no 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
(iii) Particulars about material changes in items of main accounting statement and financial index and
explanations of reasons
√ Applicable □Not applicable
Increase/decrease in
the period compared
Same period of Major reasons for the
Item Current Period with the same
previous year significant change
period of the
previous year
The sales return during the
Net cash flow generated from operating reporting period decline from
-143,341,352.67 -81,930,160.48 -74.96%
activities (yuan) a year earlier due to the
epidemic, etc.
2
Nanjing Putian Telecommunications Co., Ltd. The First Quarterly Report for 2022
II. Shareholders
(i) Total number of common shareholders and preference shareholders with voting rights recovered and
top ten shareholders
Unit: Share
Total preference shareholders
Total number of common
with voting rights recovered at
shareholders at the end of report 7,949 0
end of reporting period (if
period
applicable)
Top ten shareholders
Number of Information of shares pledged,
Shareholder’s Nature of Proportion of Amount of shares
non-tradable tagged or frozen
name shareholder shares held held
shares held State of share Amount
State-owned
China Potevio 53.49% 115,000,000 115,000,000
corporation
Shenwan
Foreign
HongYuan (H.K.) 2.92% 6,286,820 0
corporation
Limited
GUOTAI
JUNAN
Foreign
SECURITIES(H 1.38% 2,958,306 0
corporation
ONGKONG)
LIMITED
Domestic nature
Zheng Enyue 1.14% 2,449,739 0
person
Domestic nature
Sun Huiming 0.93% 2,000,000 0
person
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 0.47% 1,002,200 0
person
Domestic nature
Xiang Yan 0.42% 905,602 0
person
Shareholding of the top 10 shareholders of tradable shares
Type of shares
Shareholder’s name Number of listed shares held
Type Amount
Domestically
Shenwan HongYuan (H.K.) Limited 6,286,820 6,286,820
listed foreign
3
Nanjing Putian Telecommunications Co., Ltd. The First Quarterly Report for 2022
shares
GUOTAI JUNAN Domestically
SECURITIES(HONGKONG) 2,958,306 listed foreign 2,958,306
LIMITED shares
Domestically
Zheng Enyue 2,449,739 listed foreign 2,449,739
shares
Domestically
Sun Huiming 2,000,000 listed foreign 2,000,000
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 1,002,200 listed foreign 1,002,200
shares
Domestically
Xiang Yan 905,602 listed foreign 905,602
shares
Domestically
Liang Wei 772,800 listed foreign 772,800
shares
Explanation on associated Among the top ten shareholders, China Potevio Company Limited is neither a related party
relationship among the aforesaid nor a person acting in concert with the others. It’s unknown by the Company whether there
shareholders are related parties or persons acting in concert among the other shareholders.
Explanation on top ten common
shareholders involving margin N/A
business (if applicable)
(ii) Total shareholders with preferred stock held and shares held by top ten shareholders with preferred
stock held
□ Applicable √ Not applicable
III. Other important matters
√Applicable □Not applicable
1.During the reporting period, former Chairman of the Company Mr. Xu Qian resigned from the position of Chairman, Director and
relevant posts of specific committee under the Board; after deliberation and approval at the BOD and Shareholders’ General Meeting,
4
Nanjing Putian Telecommunications Co., Ltd. The First Quarterly Report for 2022
Mr. Sun Xigang was by-elected as the Director of 7th BOD and serves as the Chairman of the Company. For details, refer to the
announcements that published in the designated media including Announcement of the Resignation of the Chairman dated January 13,
2022, the Resolution of 55th Session of 7th BOD dated January 19, 2022 and the Resolution of First Extraordinary Shareholders
Meeting of 2022 and Resolution of 56th Session of 7th BOD dated February 15, 2022.
2. During the reporting period, the Company received the Administrative Supervision Measures Decision from the Jiangsu Securities
Regulatory Bureau, which requires the Company to correcting the accounting errors for the previous period from 2017 to 1019. For
details, refer to the Notice on Receiving the Administrative Supervision Measures Decision from the Jiangsu Securities Regulatory
Bureau published in designated media dated January 28, 2022. For the accounting errors correction above mentioned, found more in
the Announcement on Correction of Previous Accounting Errors published in the designated media dated April 26, 2022.
IV. Quarterly financial statements
(i) Financial statement
1. Consolidate Balance Sheet
Prepared by Nanjing Putian Telecommunications Co., Ltd.
March 31, 2022
Unit: RMB/CNY
Item Ending balance Opening balance
Current assets:
Monetary fund 51,204,721.78 188,665,530.37
Settlement provisions
Capital lent
Trading financial assets 20,000,000.00 20,000,000.00
Derivative financial assets
Note receivable 11,479,991.80 13,703,192.38
Account receivable 413,771,515.60 334,586,551.93
Receivable financing 23,744,574.93 40,852,223.88
Account paid in advance 9,613,642.14 22,645,816.66
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
Other account receivable 14,331,149.20 16,628,195.17
Including: Interest receivable
Dividend receivable
Buying back the sale of financial
assets
Inventory 176,855,132.19 186,531,565.70
Contract assets
Assets held for sale
Non-current asset due within one
year
Other current assets 4,915,446.98 7,763,000.07
Total current assets 725,916,174.62 831,376,076.16
Non-current assets:
Loans and payments on behalf
5
Nanjing Putian Telecommunications Co., Ltd. The First Quarterly Report for 2022
Debt investment
Other debt investment
Long-term account receivable
Long-term equity investment 10,422,263.68 10,422,193.15
Investment in other equity
741,953.00 741,953.00
instrument
Other non-current financial assets
Investment real estate 6,732,678.99 6,854,891.51
Fixed assets 115,914,314.17 117,801,156.71
Construction in progress 828,201.48 292,996.23
Productive biological asset
Oil and gas asset
Right-of-use assets
Intangible assets 20,899,951.81 21,108,747.48
Expense on research and
development
Goodwill
Long-term expenses to be
4,612,700.55 4,973,968.20
apportioned
Deferred income tax asset
Other non-current assets
Total non-current asset 160,152,063.68 162,195,906.28
Total assets 886,068,238.30 993,571,982.44
Current liabilities:
Short-term loans 60,100,000.00 199,000,000.00
Loan from central bank
Capital borrowed
Trading financial liability
Derivative financial liability
Note payable 4,147,345.96 1,251,741.17
Account payable 463,389,935.50 538,363,742.94
Accounts received in advance
Contract liabilities 12,840,736.73 18,884,024.60
Selling financial asset of
repurchase
Absorbing deposit and interbank
deposit
Security trading of agency
Security sales of agency
Wage payable 16,622,441.48 19,445,171.68
Taxes payable 2,741,712.30 2,881,067.35
Other account payable 47,777,423.51 64,006,795.08
Including: Interest payable
Dividend payable 1,692,213.38 2,142,213.38
Commission charge and
commission payable
Reinsurance payable
Liability held for sale
6
Nanjing Putian Telecommunications Co., Ltd. The First Quarterly Report for 2022
Non-current liabilities due within
24,895.92 2,656,474.95
one year
Other current liabilities 146,669,295.78 2,454,923.31
Total current liabilities 754,313,787.18 848,943,941.08
Non-current liabilities:
Insurance contract reserve
Long-term loans
Bonds payable
Including: Preferred stock
Perpetual capital
securities
Lease liability
Long-term account payable
Long-term wages payable
Accrual liability
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities
Total liabilities 754,313,787.18 848,943,941.08
Owner’s equity:
Share capital 215,000,000.00 215,000,000.00
Other equity instrument
Including: Preferred stock
Perpetual capital
securities
Capital public reserve 197,864,174.08 197,864,174.08
Less: Treasury shares
Other comprehensive income -6,819,637.82 -6,819,637.82
Reasonable reserve
Surplus public reserve 589,559.77 589,559.77
Provision of general risk
Retained profit -353,063,620.47 -341,446,683.34
Total owner’ s equity attributable to
53,570,475.56 65,187,412.69
parent company
Minority interests 78,183,975.56 79,440,628.67
Total owner’ s equity 131,754,451.12 144,628,041.36
Total liabilities and owner’ s equity 886,068,238.30 993,571,982.44
Legal Representative: Sun Xigang
Person in charge of accounting works: Wang Huailin
Person in charge of accounting institute: Tang Yiqiao
2. Consolidated Profit Statement
Unit: RMB/CNY
Item Current period Last period
7
Nanjing Putian Telecommunications Co., Ltd. The First Quarterly Report for 2022
I. Total operating income 209,168,303.46 190,510,440.63
Including: Operating income 209,168,303.46 190,510,440.63
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 221,151,291.71 209,996,198.13
Including: Operating cost 169,054,701.38 154,170,044.93
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 1,399,675.10 1,183,624.90
Sales expense 21,966,586.63 25,018,102.51
Administrative expense 13,910,842.25 14,682,748.04
R&D expense 12,880,017.19 13,703,468.33
Financial expenses 1,939,469.16 1,238,209.42
Including: Interest
2,258,670.43 1,092,615.74
expenses
Interest income 293,780.19 255,546.16
Add: other income 707,996.12 1,030,696.83
Investment income (Loss is
1,991.93 -71.38
listed with “-”)
Including: Investment income
69.53 -71.38
on affiliated company and joint venture
The termination of income
recognition for financial assets measured
by amortized cost
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
19,150.58 1,674,915.67
(Loss is listed with “-”)
Losses of devaluation of asset
(Loss is listed with “-”)
Income from assets disposal
15,829.32
(Loss is listed with “-”)
III. Operating profit (Loss is listed with
-11,253,849.62 -16,764,387.06
“-”)
Add: Non-operating income 30,248.66
Less: Non-operating expense 3,730.65 3,692.90
IV. Total profit (Loss is listed with “-”) -11,257,580.27 -16,737,831.30
8
Nanjing Putian Telecommunications Co., Ltd. The First Quarterly Report for 2022
Less: Income tax expense 1,099,317.77 743,841.25
V. Net profit (Net loss is listed with “-”) -12,356,898.04 -17,481,672.55
(i) Classify by business continuity
1. Net profit from continuing
-12,356,898.04 -17,481,672.55
operations (net loss listed with “-”)
2. Net profit from termination of
operations (net loss listed with “-”)
(ii) Classify by ownership
1.Net profit attributable to owner’s
-11,616,937.13 -15,982,760.06
of parent company
2.Minority shareholders’ gains and
-739,960.91 -1,498,912.49
losses
VI. Net after-tax of other comprehensive
income
Net after-tax of other comprehensive
income attributable to owners of parent
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
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
Net after-tax of other comprehensive
income attributable to minority
shareholders
VII. Total comprehensive income -12,356,898.04 -17,481,672.55
Total comprehensive income
-11,616,937.13 -15,982,760.06
attributable to owners of parent Company
Total comprehensive income -739,960.91 -1,498,912.49
9
Nanjing Putian Telecommunications Co., Ltd. The First Quarterly Report for 2022
attributable to minority shareholders
VIII. Earnings per share:
(i) Basic earnings per share -0.054 -0.074
(ii) Diluted earnings per share -0.054 -0.074
Enterprise combine under the same control in the Period, the combined party realized net profit of 0.00 Yuan before combination, and
realized 0.00 Yuan at last period for combined party.
Legal Representative: Sun Xigang
Person in charge of accounting works: Wang Huailin
Person in charge of accounting institute: Tang Yiqiao
3. Consolidated Cash Flow Statement
Unit: RMB/CNY
Item Current period Last period
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor 138,136,775.40 250,243,378.15
services
Net increase of customer deposit
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 512,522.21 858,730.09
Other cash received concerning
11,637,542.18 6,028,610.89
operating activities
Subtotal of cash inflow arising from
150,286,839.79 257,130,719.13
operating activities
Cash paid for purchasing
commodities and receiving labor 199,021,244.37 236,381,924.51
service
Net increase of customer loans and
advances
Net increase of deposits in central
bank and interbank
10
Nanjing Putian Telecommunications Co., Ltd. The First Quarterly Report for 2022
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 53,673,213.46 52,415,599.29
Taxes paid 8,313,918.55 12,949,793.34
Other cash paid concerning
32,619,816.08 37,313,562.47
operating activities
Subtotal of cash outflow arising from
293,628,192.46 339,060,879.61
operating activities
Net cash flows arising from operating
-143,341,352.67 -81,930,160.48
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
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
activities
Cash paid for purchasing fixed,
1,270,596.11 3,047,327.00
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
1,270,596.11 3,047,327.00
activities
Net cash flows arising from investing
-1,270,596.11 -3,015,437.00
activities
III. Cash flows arising from financing
activities
Cash received from absorbing
investment
Including: Cash received from
absorbing minority shareholders’
investment by subsidiaries
Cash received from loans 29,700,000.00 78,500,000.00
Other cash received concerning
financing activities
Subtotal of cash inflow from financing
29,700,000.00 78,500,000.00
activities
11
Nanjing Putian Telecommunications Co., Ltd. The First Quarterly Report for 2022
Cash paid for settling debts 19,738,717.12 27,631,578.94
Cash paid for dividend and profit
2,968,358.86 2,996,172.08
distributing or interest paying
Including: Dividend and profit of
minority shareholder paid by
subsidiaries
Other cash paid concerning
87,764.19 9,732,570.77
financing activities
Subtotal of cash outflow from financing
22,794,840.17 40,360,321.79
activities
Net cash flows arising from financing
6,905,159.83 38,139,678.21
activities
IV. Influence on cash and cash
equivalents due to fluctuation in 87,894.34 80,599.25
exchange rate
V. Net increase of cash and cash
-137,618,894.61 -46,725,320.02
equivalents
Add: Balance of cash and cash
180,459,070.86 170,062,746.87
equivalents at the period-begin
VI. Balance of cash and cash
42,840,176.25 123,337,426.85
equivalents at the period-end
(ii) Audit report
Whether the 1st quarterly report has been audited or not
□Yes √ No
The 1st quarterly report of the Company has not been audited.
Board of Directors of
Nanjing Putian Telecommunications Co., Ltd.
April 29, 2022
12
