Nanjing Putian Telecommunications Co., Ltd. The Third Quarterly Report for 2022
Stock Code: 200468 Short Form of the Stock: NJ TEL B Notice No.: 2022-039
Nanjing Putian Telecommunications Co., Ltd.
The Third 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 Third
Quarterly Report is authentic, accurate and complete.
3. Whether the Third 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
Increase/decrease from
Increase/decrease in
year-begin to period-
the period compared Year-begin to period-
Current period end compared with the
with the same period of end
same period of the
the previous year
previous year
Operating income
(Yuan) 230,838,273.53 -0.06% 638,150,889.88 -6.55%
Net profit attributable
to shareholders of the -6,590,348.37 5.28% -34,301,645.70 6.16%
listed company (Yuan)
Net profit attributable
to shareholders of the
listed company after
deducting non- -6,698,530.80 3.94% -31,251,999.71 15.17%
recurring gains and
losses (Yuan)
Net cash flow arising
from operating — — -134,551,200.16 -27.70%
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Nanjing Putian Telecommunications Co., Ltd. The Third Quarterly Report for 2022
activities (Yuan)
Basic earnings per
share (Yuan /Share) -0.031 4.21% -0.160 5.88%
Diluted earnings per
share (Yuan /Share) -0.031 4.21% -0.160 5.88%
Weighted average ROE -16.84% -12.75% -71.41% -51.24%
Increase/decrease at the period-end compared
End of current period End of previous year
with the end of the previous year
Total assets (Yuan) 892,763,585.91 993,571,982.44 -10.15%
Owners equity
attributable to
35,850,494.81 65,187,412.69 -45.00%
shareholder of listed
company (Yuan)
(ii) Items and amounts of non-recurring profit (gains)/losses
√ Applicable □ Not applicable
Unit: Yuan
Amount from year-begin to
Item Amount for the period Note
period-end
Gains/losses from the disposal of
non-current asset (including the
write-off that accrued for impairment -9,981.69 49,886.67
of assets)
Government subsidy recorded in
current gains/losses (except those
closely related to the Company’s
normal operation, and those
continuously enjoyed on a fixed or 77,983.93 270,478.42
quantitative basis with certain
standards in accordance with national
policy regulations)
Gain/loss on debt restructuring 2,293.30 -2,497.76
Losses/gains from changes of fair
values occurred in holding trading
financial assets and trading financial
liabilities, and investment income
obtaining from the disposal of trading 337,205.48
financial assets and trading financial
liability, excluded effective hedging
business relevant with normal
operations of the Company
Other non-operating income and
155,033.61 2,873,942.28
expenses other than the above
Other gain/loss items that qualified
the definition of non-recurring profit -6,085,545.19
(gains)/losses
Less: impact on income tax 33,687.59 116,400.24
Impact on minority
shareholders’ equity (post-tax) 83,459.13 376,715.65
Total 108,182.43 -3,049,645.99 --
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Nanjing Putian Telecommunications Co., Ltd. The Third Quarterly Report for 2022
Other gain/loss items that qualified the definition of non-recurring profit (gains)/losses:
√ Applicable □ Not applicable
Other gain/loss items that qualified the definition of non-recurring profit (gains)/losses are mainly the differences of
cumulative foreign currency statement translation from liquidation closure of the subsidiaries in Hong Kong.
Explanation on those non-recurring gain/loss listed in the “Q&A Announcement No.1 on Information Disclosure for
Companies Offering Their Securities to the Public --- Extraordinary Profit/loss” defined as recurring gain/loss
□ Applicable √ Not applicable
The Company does not have the non-recurring gain/loss listed in the “Q&A Announcement No.1 on Information
Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss” defined as recurring
gain/loss
(iii) Particulars about changes in items of main accounting data and financial index and
explanations of reasons
√ Applicable □Not applicable
The weighted average ROE from beginning of the year to end of the reporting period decreased by 51.24 percentage
points compared with the same of the previous year, mainly because the net assets attributable to shareholder of
listed company at beginning of the year declined over that of last year.
The owners’ equity attributable to shareholder of listed company at end of the reporting period decreased by 45%
compared with the end of previous year, mainly because suffered by the epidemic, staff diversion and liquidation of
subsidiaries in the first three quarters, the net profit was negative, the owners’ equity attributable to shareholder of
listed company drops correspondingly.
II. Shareholders Information
(i) Total number of common shareholders and preference shareholders with voting rights
recovered and top ten common shareholders
Unit: Share
Total common shareholders at Total preference shareholders with voting rights
7,896 0
period-end recovered at end of reporting period (if applicable)
To ten shareholders
Amount of non- Information of shares pledged,
Shareholder’s Nature of Proportion of Amount of
tradable shares tagged or frozen
name shareholder shares held shares held
held State of share Amount
China Potevio
State-owned
Company 53.49% 115,000,000 115,000,000
corporation
Limited
Shenwan
Foreign
HongYuan 2.49% 5,354,300 0
corporation
(H.K.) Limited
GUOTAI
JUNAN
Foreign
SECURITIES( 1.38% 2,956,406 0
corporation
HONGKONG)
LIMITED
Domestic
Zheng Enyue 1.14% 2,449,739 0
nature person
Domestic
Sun Huiming 0.97% 2,080,000 0
nature person
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Nanjing Putian Telecommunications Co., Ltd. The Third Quarterly Report for 2022
Domestic
Gu Jinhua 0.87% 1,871,371 0
nature person
Guosen
Securities Foreign
0.82% 1,768,682 0
(H.K.) Broker corporation
Co., Ltd.
BOCI
Foreign
SECURITIES 0.59% 1,266,945 0
corporation
LIMITED
Zhen Domestic
0.47% 1,002,300 0
Hongquan nature person
Domestic
Xiang Yan 0.42% 905,602 0
nature 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.)
5,354,300 listed foreign 5,354,300
Limited
shares
GUOTAI JUNAN Domestically
SECURITIES(HONGKONG) 2,956,406 listed foreign 2,956,406
LIMITED shares
Domestically
Zheng Enyue 2,449,739 listed foreign 2,449,739
shares
Domestically
Sun Huiming 2,080,000 listed foreign 2,080,000
shares
Domestically
Gu Jinhua 1,871,371 listed foreign 1,871,371
shares
Domestically
Guosen Securities (H.K.) Broker
1,768,682 listed foreign 1,768,682
Co., Ltd.
shares
Domestically
BOCI SECURITIES LIMITED 1,266,945 listed foreign 1,266,945
shares
Domestically
Zhen Hongquan 1,002,300 listed foreign 1,002,300
shares
Domestically
Xiang Yan 905,602 listed foreign 905,602
shares
Domestically
Xia Zulin 900,000 listed foreign 900,000
shares
Among the top ten shareholders, China Potevio is neither a related party
Note of related relationship among the above nor a person acting in concert with the others. It’s unknown by the
shareholders and concerted actors Company whether there are related parties or persons acting in concert
among the other shareholders.
Explanation on top ten common shareholders
N/A
involving margin 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 significant events
√ Applicable □ Not applicable
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Nanjing Putian Telecommunications Co., Ltd. The Third Quarterly Report for 2022
During the reporting period, the Company received a notice from controlling shareholder - China Potevio Company
Limited (hereinafter referred to as China Potevio), and after study and approved by the China Electronics
Technology Group Corporation (hereinafter referred to as CETC), it is agreed that the 115,000,000 shares of the
Company (53.49% of the total share capital of the Company) held by China Potevio will transfer to China
Electronics Guorui Group Corporation without any compensation, the CETC will remain as the actual controller of
the Company. As of the end of the reporting period, ownership transfer has not been completed. Found more in the
“Prompt Announcement on State-Owned Shares Transfer without Compensation and Change of the Controlling
Shareholder” released on September 15, 2022, the “Summary of the Acquisition Report of Nanjing Putian
Telecommunications Co., Ltd.” released on September 30, 2022 and the “Acquisition Report of Nanjing Putian
Telecommunications Co., Ltd.” and “Short Form Report on Changes in Equity” released on October 13, 2022.
IV. Quarterly financial statements
(i) Financial statement
1. Consolidate balance sheet
Prepared by Nanjing Putian Telecommunications Co., Ltd.
September 30, 2022
Unit: Yuan
Item September 30, 2022 January 1, 2022
Current assets:
Monetary fund 93,193,753.09 188,665,530.37
Settlement provisions
Capital lent
Trading financial assets 0.00 20,000,000.00
Derivative financial assets
Note receivable 15,234,208.64 13,703,192.38
Account receivable 386,259,839.41 334,586,551.93
Receivable financing 16,036,076.12 40,852,223.88
Accounts paid in advance 18,986,143.42 22,645,816.66
Insurance receivable
Reinsurance receivables
Contract reserve of
reinsurance receivable
Other account receivable 11,283,222.69 16,628,195.17
Including: Interest
receivable
Dividend
receivable
Buying back the sale of
financial assets
Inventories 192,344,706.60 186,531,565.70
Contractual assets
Assets held for sale
Non-current asset due within
one year
Other current assets 3,191,308.14 7,763,000.07
Total current assets 736,529,258.11 831,376,076.16
Non-current assets:
Loans and payments on behalf
Debt investment
Other debt investment
Long-term account receivable
Long-term equity investment 10,422,262.50 10,422,193.15
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Nanjing Putian Telecommunications Co., Ltd. The Third Quarterly Report for 2022
Investment in other equity
741,953.00 741,953.00
instrument
Other non-current financial
assets
Investment real estate 19,860,943.64 6,854,891.51
Fixed assets 100,546,431.10 117,801,156.71
Construction in progress 292,996.23 292,996.23
Productive biological asset
Oil and gas asset
Right-of-use assets
Intangible assets 20,472,432.32 21,108,747.48
Expense on Research and
Development
Goodwill
Long-term expenses to be
3,897,309.01 4,973,968.20
apportioned
Deferred income tax asset
Other non-current asset
Total non-current asset 156,234,327.80 162,195,906.28
Total assets 892,763,585.91 993,571,982.44
Current liabilities:
Short-term loans 236,300,000.00 199,000,000.00
Loan from central bank
Capital borrowed
Trading financial liability
Derivative financial liability
Note payable 500,000.00 1,251,741.17
Account payable 458,417,363.08 538,363,742.94
Accounts received in advance
Contractual liability 11,262,561.56 18,884,024.60
Selling financial asset of
repurchase
Absorbing deposit and
interbank deposit
Security trading of agency
Security sales of agency
Wage payable 17,562,120.79 19,445,171.68
Taxes payable 6,243,807.07 2,881,067.35
Other account payable 48,669,458.90 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
Non-current liabilities due
2,656,474.95
within one year
Other current liabilities 1,464,133.00 2,454,923.31
Total current liabilities 780,419,444.40 848,943,941.08
Non-current liabilities:
Insurance contract reserve
Long-term loans
Bonds payable
Including: Preferred stock
Perpetual capital
securities
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Nanjing Putian Telecommunications Co., Ltd. The Third Quarterly Report for 2022
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 780,419,444.40 848,943,941.08
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: Inventory shares
Other comprehensive income -1,854,910.00 -6,819,637.82
Reasonable reserve
Surplus public reserve 589,559.77 589,559.77
Provision of general risk
Retained profit -375,748,329.04 -341,446,683.34
Total owner’ s equity attributable
35,850,494.81 65,187,412.69
to parent company
Minority interests 76,493,646.70 79,440,628.67
Total owner’ s equity 112,344,141.51 144,628,041.36
Total liabilities and owner’ s equity 892,763,585.91 993,571,982.44
Legal Representative: Li Langping
Person in charge of accounting works: Liao Rongchao
Person in charge of accounting institute: Lv Yunfei
2. Consolidated Profit Statement (from the year-begin to the period-end)
Unit: Yuan
Item Current period Last period
I. Total operating income 638,150,889.88 682,848,879.98
Including: Operating income 638,150,889.88 682,848,879.98
Interest income
Insurance gained
Commission charge
and commission income
II. Total operating cost 651,349,371.96 701,780,588.74
Including: Operating cost 505,834,602.13 541,779,925.62
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
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Nanjing Putian Telecommunications Co., Ltd. The Third Quarterly Report for 2022
guarantee slip
Reinsurance expense
Tax and extras 3,976,677.87 4,298,263.43
Sales expense 57,029,351.12 67,789,536.69
Administrative
44,164,495.60 40,278,028.86
expense
R&D expense 33,286,913.01 42,849,380.41
Financial expense 7,057,332.23 4,785,453.73
Including: Interest
7,808,379.40 5,752,158.03
expenses
Interest
971,194.66 1,448,601.91
income
Add: other income 1,182,426.61 1,748,662.79
Investment income (Loss
-5,750,767.13 -1.19
is listed with “-”)
Including: Investment
income on affiliated company and 69.35 -1.19
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
-2,405,794.60 -2,400,921.21
impairment (Loss is listed with “-”)
Losses of devaluation of
-9,993.42 0.00
asset (Loss is listed with “-”)
Income from assets
66,821.63 70,437.79
disposal (Loss is listed with “-”)
III. Operating profit (Loss is listed
-20,115,788.99 -19,513,530.58
with “-”)
Add: Non-operating income 1,846,879.96 62,135.54
Less: Non-operating expense 44,008.13 96,377.76
IV. Total profit (Loss is listed with
-18,312,917.16 -19,547,772.80
“-”)
Less: Income tax expense 8,172,417.32 10,025,199.83
V. Net profit (Net loss is listed with
-26,485,334.48 -29,572,972.63
“-”)
(i) Classify by business
continuity
1.continuous operating net
-26,485,334.48 -29,572,972.63
profit (net loss listed with ‘-”)
2.termination of net profit (net
loss listed with ‘-”)
(ii) Classify by ownership
1.Net profit attributable to
owner’s of parent company (net -34,301,645.70 -36,551,452.62
loss listed with ‘-”)
2.Minority shareholders’ gains
7,816,311.22 6,978,479.99
and losses (net loss listed with ‘-”)
VI. Net after-tax of other
4,964,727.82 969,869.51
comprehensive income
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Nanjing Putian Telecommunications Co., Ltd. The Third Quarterly Report for 2022
Net after-tax of other
comprehensive income attributable 4,964,727.82 969,869.51
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
4,964,727.82 969,869.51
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
4,964,727.82 969,869.51
foreign currency financial
statements
7.Other
Net after-tax of other
comprehensive income attributable
to minority shareholders
VII. Total comprehensive income -21,520,606.66 -28,603,103.12
Total comprehensive income
attributable to owners of parent -29,336,917.88 -35,581,583.11
Company
Total comprehensive income
attributable to minority 7,816,311.22 6,978,479.99
shareholders
VIII. Earnings per share:
(i) Basic earnings per share -0.160 -0.170
(ii) Diluted earnings per share -0.160 -0.170
Enterprise combine under the same control in the Period, the combined party realized net profit of
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Nanjing Putian Telecommunications Co., Ltd. The Third Quarterly Report for 2022
0.00 Yuan before combination, and realized 0.00 Yuan at last period for combined party
Legal Representative: Li Langping
Person in charge of accounting works: Liao Rongchao
Person in charge of accounting institute: Lv Yunfei
3. Consolidated Cash Flow Statement (from the year-begin to the period-end)
Unit: Yuan
Item Current period Last period
I. Cash flows arising from
operating activities:
Cash received from selling
commodities and providing labor 580,599,798.73 700,171,752.46
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 2,296,485.34 8,086,092.42
Other cash received
33,359,007.73 18,618,561.49
concerning operating activities
Subtotal of cash inflow arising
616,255,291.80 726,876,406.37
from operating activities
Cash paid for purchasing
commodities and receiving labor 519,370,074.46 571,824,039.81
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
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Nanjing Putian Telecommunications Co., Ltd. The Third Quarterly Report for 2022
commission
Cash paid for bonus of
guarantee slip
Cash paid to/for staff and
137,296,966.23 140,214,006.83
workers
Taxes paid 24,927,556.78 37,683,472.47
Other cash paid concerning
69,211,894.49 82,522,138.47
operating activities
Subtotal of cash outflow arising
750,806,491.96 832,243,657.58
from operating activities
Net cash flows arising from
-134,551,200.16 -105,367,251.21
operating activities
II. Cash flows arising from
investing activities:
Cash received from
20,000,000.00
recovering investment
Cash received from
337,205.48
investment income
Net cash received from
disposal of fixed, intangible and 135,090.00 31,890.00
other long-term assets
Net cash received from
disposal of subsidiaries and other
units
Other cash received
concerning investing activities
Subtotal of cash inflow from
20,472,295.48 31,890.00
investing activities
Cash paid for purchasing
fixed, intangible and other long- 2,177,707.43 3,457,096.23
term assets
Cash paid for investment
Net increase of mortgaged
loans
Net cash received from
subsidiaries and other units 1.00
obtained
Other cash paid concerning
investing activities
Subtotal of cash outflow from
2,177,707.43 3,457,097.23
investing activities
Net cash flows arising from
18,294,588.05 -3,425,207.23
investing 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 85,900,000.00 157,500,000.00
Other cash received
concerning financing activities
Subtotal of cash inflow from
85,900,000.00 157,500,000.00
financing activities
Cash paid for settling debts 43,600,000.00 82,287,630.90
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Nanjing Putian Telecommunications Co., Ltd. The Third Quarterly Report for 2022
Cash paid for dividend and
profit distributing or interest 18,494,194.59 16,147,530.74
paying
Including: Dividend and profit
of minority shareholder paid by
subsidiaries
Other cash paid concerning
1,232,833.30 39,890,136.46
financing activities
Subtotal of cash outflow from
63,327,027.89 138,325,298.10
financing activities
Net cash flows arising from
22,572,972.11 19,174,701.90
financing activities
IV. Influence on cash and cash
equivalents due to fluctuation in 94,248.61 502,603.32
exchange rate
V. Net increase of cash and cash
-93,589,391.39 -89,115,153.22
equivalents
Add: Balance of cash and
cash equivalents at the period- 180,459,070.86 170,062,746.87
begin
VI. Balance of cash and cash
86,869,679.47 80,947,593.65
equivalents at the period-end
(ii) Audit report
Whether the 3rd quarterly report has been audited or not
□Yes √ No
The 3rd quarterly report of the Company has not been audited.
Board of Directors of
Nanjing Putian Telecommunications Co., Ltd.
October 29, 2022
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