Report for the First Quarter of 2023 of Nanjing Putian Telecommunications Co., Ltd.
Stock code: 200468 Short Form of the Stock: NJ TEL B Notice No.: 2023-020
Nanjing Putian Telecommunications Co., Ltd.
The First Quarteriy Report for 2023
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate and
complete, containing no false entries, misleading statements or important omissions.
Important tips：
1. The Board of Directors, Board of Supervisors, directors, supervisors and senior executives of the Company guarantee the
truthfulness, accuracy and completeness of the quarterly report, and ensure that there are no false records, misleading statements or
important omissions, and they will be held individually and jointly liable for any legal liability that may arise.
2. The person in charge of the Company, the person in charge of accounting, and the person in charge of the accounting firm
(accounting supervisor) declare that they guarantee the truthfulness, accuracy and completeness of the financial information
represented in this quarterly report.
3. Has the Report for the First Quarter been audited
□Yes No
I. Main financial data
(I) Main accounting data and financial indexes
Does the Company need to retroactively adjust or restate the accounting data of previous years
□Yes No
Amount of the reporting
Amount of the reporting Amount of the same period of period increased or decreased
period the previous year over the same period of the
previous year (%)
Operating revenue (yuan) 178,539,354.70 209,168,303.46 -14.64%
Net profit attributable to
shareholders of the listed -9,934,009.57 -11,616,937.13 14.49%
company (yuan)
Net profit attributable to
shareholders of the listed
company after deducting non- -9,495,883.88 -11,627,342.45 18.33%
recurring gains and losses
(yuan)
Net cash flow from operating
-104,103,173.88 -143,341,352.67 27.37%
activities (yuan)
Basic earnings per share -0.0462 -0.0540 14.44%
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Report for the First Quarter of 2023 of Nanjing Putian Telecommunications Co., Ltd.
(yuan/share)
Diluted earnings per share
-0.0462 -0.0540 14.44%
(yuan/share)
Weighted average return on
-58.34% -19.56% -38.78%
net assets
Amount at the end of the
Amount at the end of the Amount at the end of the reporting period increased or
reporting period previous year decreased over the end of the
previous year (%)
Total assets (yuan) 771,672,786.92 891,390,055.62 -13.43%
Owners' equity attributable to
shareholders of the list 12,061,326.71 21,995,336.28 -45.16%
company (yuan)
(II) Non-recurring profit and loss items and amounts
Applicable □Not applicable
Unit: yuan
Item Amount of the reporting period Description
Profits and losses on disposal of non-
current assets (including the write-off
-64,396.80
part of the provision for impairment of
assets)
Government subsidies included in the
profits and losses of the current period
(except the government subsidies that are
closely related to the normal operation of
the Company, conform to the national 239,024.03
policies and regulations, and are
continuously enjoyed according to a
certain standard quota or quantitative
amount)
Profit and loss of debt restructuring -91,401.00
Other non-operating revenue and
-332,843.01
expenses other than the above items
Less: Affected amount of revenue tax 34,420.14
Affected amount of minority
154,088.77
shareholders' equity (after tax)
Total -438,125.69
Details of other profit and loss items that comply with the definition of non-recurring profit and loss
□Applicable Not applicable
The Company had no other profit and loss items that comply with the definition of non-recurring profit and loss
Explanation of defining the non-recurring profit and loss items listed in the Explanatory Announcement No.1 on Information
Disclosure by Companies with Public Securities Offerings - Non-recurring Profits and Losses as recurring profit and loss items
□Applicable Not applicable
The Company does not define the non-recurring profit and loss items listed in the Explanatory Announcement No.1 on
Information Disclosure by Companies with Public Securities Offerings as recurring profit and loss items.
(III) Changes in major accounting data and financial indicators and the reasons
Applicable □Not applicable
2
Report for the First Quarter of 2023 of Nanjing Putian Telecommunications Co., Ltd.
During the reporting period, the weighted average return on net assets declined 38.78% from the same period
last year, primarily due to a decrease in net assets attributable to the listed company's shareholders at the
beginning of the year compared to the beginning of the previous year.
At the reporting period end, the owners' equity attributable to the listed company's shareholders declined 45.16%
from the same period last year, mainly due to the net profit attributable to the shareholders of the listed
company in the first quarter being -9.93 million yuan, which was caused by the company's proactive reduction
of low gross profit businesses. The operating revenue in the first quarter slightly decreased compared to the
same period last year, but the net profit attributable to shareholders of the listed company decreased by 1.68
million yuan compared to the same period last year.
II. Information about shareholders
(I) Total number of ordinary shareholders, number of preferred shareholders whose voting rights are
restored, and the shareholding status of the top 10 shareholders
Unit: share
Total number of ordinary
Total number of preferred shareholders whose voting
shareholders at the end of the 7,815 0
rights were restored at the end of the reporting period
reporting period
Shareholding of the top 10 shareholders
Number of non- Pledge, marking or freezing
Name of Type of Shareholding Number of
tradable shares
shareholder shareholder ratio (%) shares held Shares status Quantity
held
China Potevio
Information State-owned
53.49% 115,000,000.00 115,000,000.00
Industry Co., legal person
Ltd.
Shenwan
Hongyuan Overseas legal
2.31% 4,960,188.00
Securities person
(H.K.) Ltd.
GUOTAI
JUNAN
SECURITIES Overseas legal
1.19% 2,567,458.00
(HONG person
KONG)
LIMITED
Natural person
Zheng Enyue 1.14% 2,449,739.00
in China
Natural person
Sun Huiming 0.97% 2,080,000.00
in China
Natural person
Gu Jinhua 0.87% 1,871,371.00
in China
Natural person
He Wei 0.59% 1,268,900.00
in China
BOCI
Overseas legal
SECURITIES 0.59% 1,266,945.00
person
LIMITED
Guosen
Securities
Overseas legal
(Hong Kong) 0.55% 1,180,082.00
person
Brokerage Co.,
Ltd.
3
Report for the First Quarter of 2023 of Nanjing Putian Telecommunications Co., Ltd.
Zhen Natural person
0.47% 1,004,100.00
Hongquan in China
Shareholding of the top 10 shareholders of tradable shares
Type of shares
Name of shareholder Number of listed and tradable shares held
Type of shares Quantity
Shenwan Hongyuan Securities Domestic listed
4,960,188.00 4,960,188.00
(H.K.) Ltd. foreign shares
GUOTAI JUNAN SECURITIES Domestic listed
2,567,458.00 2,567,458.00
(HONG KONG) LIMITED foreign shares
Domestic listed
Zheng Enyue 2,449,739.00 2,449,739.00
foreign shares
Domestic listed
Sun Huiming 2,080,000.00 2,080,000.00
foreign shares
Domestic listed
Gu Jinhua 1,871,371.00 1,871,371.00
foreign shares
Domestic listed
He Wei 1,268,900.00 1,268,900.00
foreign shares
Domestic listed
BOCI SECURITIES LIMITED 1,266,945.00 1,266,945.00
foreign shares
Guosen Securities (Hong Kong) Domestic listed
1,180,082.00 1,180,082.00
Brokerage Co., Ltd. foreign shares
Domestic listed
Zhen Hongquan 1,004,100.00 1,004,100.00
foreign shares
Domestic listed
Xiang Yan 905,602.00 905,602.00
foreign shares
Among the above-mentioned shareholders, China Potevio Information
Description of the above-mentioned shareholders' Industry Co., Ltd. was not related to other shareholders and was not a
association or concerted actions party acting in concert. The Company did not know whether other
shareholders were related to each other or were parties acting in concert.
Explanation of top 10 shareholders participating in
margin financing and securities lending business (if None
any)
(II) Total number of preferred shareholders of the Company and the shareholding status of the top 10
preferred shareholders
□Applicable Not applicable
III. Other significant matters
Applicable □Not applicable
During the reporting period, Mr. Sun Xigang resigned from his positions as the vice chairman, director as well
as relevant roles in the special committees under the Company's Board of Directors. Meanwhile, Mr. Jiang Yi
was elected as a director of the eighth Board of Directors of the Company by the Board of Directors and the
Shareholders' General Meeting, as detailed in the Announcement of Resignation of Vice Chairman
(Announcement No.: 2023-004), the Announcement of Resolutions of the Fourth Meeting of the Eighth Board
of Directors (Announcement No.: 2023-005) and the Announcement of Resolutions of the First Extraordinary
General Meeting of 2023 (Announcement No.: 2023-007) published in the designated media.
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Report for the First Quarter of 2023 of Nanjing Putian Telecommunications Co., Ltd.
IV. Quarterly financial statements
(I) Financial statements
1. Consolidated balance sheet
Prepared by: Nanjing Putian Telecommunications Co., Ltd.
March 31, 2023
Unit: yuan
Item Ending balance Initial balance
Current assets:
Monetary fund 41,130,323.09 173,863,825.35
Settlement reserve
Lending funds
Trading financial assets
Derivative financial assets
Bills receivable 17,169,227.75 27,689,906.04
Accounts receivable 356,877,261.86 304,616,212.04
Receivables financing 15,615,007.92 30,668,999.36
Prepayments 16,736,502.48 19,081,824.22
Premium receivable
Reinsurance accounts receivable
Provision for reinsurance contract
receivable
Other receivables 9,444,496.20 11,716,301.19
Including: interest receivable
Dividend receivable
Financial assets bought for resale
Inventories 158,956,439.48 166,440,238.56
Contract assets
Assets held for sale
Non-current assets due within one year
Other current assets 3,904,266.41 3,432,231.67
Total current assets 619,833,525.19 737,509,538.43
Non-current assets:
Loans and advances
Investments in bonds
Other investments in bonds
Long-term receivables
Long-term equity investment 10,412,561.98 10,422,321.80
Other equity instrument investments 741,953.00 741,953.00
Other non-current financial assets
Investment real estate 20,095,256.85 20,351,240.03
Fixed assets 96,698,074.67 97,917,714.15
Construction in progress
Productive biological assets
Oil and gas assets
Right-of-use assets
Intangible assets 20,315,737.06 20,493,463.76
Development expenditure
Goodwill
Long-term prepaid expenses 3,575,678.17 3,953,824.45
Deferred tax assets
Other non-current assets
Total non-current assets 151,839,261.73 153,880,517.19
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Report for the First Quarter of 2023 of Nanjing Putian Telecommunications Co., Ltd.
Total assets 771,672,786.92 891,390,055.62
Current liabilities:
Short-term loan 90,700,000.00 112,836,727.77
Loans from the central bank
Loans from other banks
Trading financial liabilities
Derivative financial liabilities
Bills payable 500,000.00
Accounts payable 401,943,489.46 470,867,283.07
Advance collections 240,585.08 240,585.08
Contract liabilities 13,059,272.89 15,048,811.36
Financial assets sold under repurchase
agreements
Deposits from customers and
interbank
Receivables from vicariously traded
securities
Receivables from vicariously sold
securities
Remuneration payable 17,550,225.42 17,473,887.86
Taxes payable 2,590,857.53 7,390,521.21
Other payables 47,535,072.48 59,206,281.08
Including: interest payable
Dividend payable 1,692,213.38 1,692,213.38
Fees and commissions payable
Reinsurance accounts payable
Liabilities held for sale
Non-current liabilities due within one
year
Other current liabilities 664,991.34 1,691,302.29
Total current liabilities 574,784,494.20 684,755,399.72
Non-current liabilities:
Insurance contract reserves
Long-term loans 105,800,000.00 105,800,000.00
Bonds payable
Including: preferred shares
Perpetual debt
Lease liabilities
Long-term payables
Long-term remuneration payable
Estimated liabilities
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 105,800,000.00 105,800,000.00
Total liabilities 680,584,494.20 790,555,399.72
Owners' equity:
Share capital 215,000,000.00 215,000,000.00
Other equity instruments
Including: preferred shares
Perpetual debt
Capital reserves 197,097,915.40 197,097,915.40
Less: treasury shares
Other comprehensive income -1,854,910.00 -1,854,910.00
Special reserves
Surplus reserves 589,559.77 589,559.77
Provision for general risks
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Report for the First Quarter of 2023 of Nanjing Putian Telecommunications Co., Ltd.
Undistributed profit -398,771,238.46 -388,837,228.89
Total owners' equity attributable to
12,061,326.71 21,995,336.28
parent company
Minority shareholders' equity 79,026,966.01 78,839,319.62
Total owners' equity 91,088,292.72 100,834,655.90
Total liabilities and owners' equity 771,672,786.92 891,390,055.62
Legal representative: Li Langping Person in charge of accounting: Liao Rongchao Person in charge of the accounting firm: Lv
Yunfei
2. Consolidated income statement
Unit: yuan
Item Amount in the current period Amount in the previous period
I. Total operating income 178,539,354.70 209,168,303.46
Including: operating revenue 178,539,354.70 209,168,303.46
Interest income
Premiums earned
Fee and commission income
II. Total operating costs 188,181,643.97 221,151,291.71
Including: operating costs 140,007,403.28 169,054,701.38
Interest expense
Fee and commission expenses
Surrender
Net payments for insurance
claims
Net amount withdrawn for
insurance liability reserves
Bond insurance expense
Reinsurance costs
Taxes and surcharges 987,499.19 1,399,675.10
Sales expenses 21,430,782.51 21,966,586.63
Management fees 14,541,639.47 13,910,842.25
R&D expenses 9,782,974.40 12,880,017.19
Financial expenses 1,431,345.12 1,939,469.16
Including: interest expense 2,258,670.43
Interest income 293,780.19
Plus: Other incomes 952,443.01 707,996.12
Investment income (“-” for
-101,160.82 1,991.93
losses)
Including: investment
income from associates and joint -9,759.82 69.53
ventures
Income from
derecognition of financial assets
measured at amortized cost
Exchange profits (losses are
listed with "-")
Income from net exposure
hedging (“-” for losses)
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Report for the First Quarter of 2023 of Nanjing Putian Telecommunications Co., Ltd.
Income from changes in fair
value (“-” for losses)
Credit impairment loss (loss is
-44,407.22 19,150.58
indicated with "-")
Asset impairment losses (losses
53,047.51 0.00
are listed with "-")
Asset disposal income (losses are
-64,396.80 0.00
listed with "-")
III. Operating profit (“-” for losses) -8,846,763.59 -11,253,849.62
Plus: non-operating income 253,000.00 0.00
Less: non-operating expenses 585,843.01 3,730.65
IV. Total profit (“-” for total losses) -9,179,606.60 -11,257,580.27
Less: income tax expense 566,756.58 1,099,317.77
V. Net profit (“-” for net losses) -9,746,363.18 -12,356,898.04
(I) Classification by business
continuity
1. Net profit from continuing
-9,746,363.18 -12,356,898.04
operations (“-” for net losses)
2. Net profit from discontinuation of
operation (“-” for net losses)
(II) Classification by ownership
1. Net profit attributable to the
-9,934,009.57 -11,616,937.13
owner of parent company
2. Minority shareholders' profits and
187,646.39 -739,960.91
losses
VI. Net after-tax amount of other
comprehensive income
Net after-tax amount of other
comprehensive income attributable to the
owner of the parent company
(I) Other comprehensive income
that cannot be reclassified into profits
and losses in the future
1. Changes in remeasurement of
defined benefit plans
2. Other comprehensive income
that cannot be transferred to profits and
losses under the equity method
3. Changes in fair value of other
equity instruments
4. Changes in fair value of the
Company’s credit risks
5. Others
(II) Other comprehensive income
that can be reclassified into profits and
losses in the future
1. Other comprehensive income
that can be transferred to profits and
losses under the equity method
2. Changes in fair value of other
investments in bonds
3. Amount of financial assets
reclassified into other comprehensive
income
4. Credit depreciation reserves of
the other investments in bonds
5. Reserves for cash flow hedging
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Report for the First Quarter of 2023 of Nanjing Putian Telecommunications Co., Ltd.
6. Exchange differences on
translation of foreign currency financial
statements
7. Others
Net after-tax amount of other
comprehensive income attributable to
minority shareholders
VII. Total comprehensive income -9,746,363.18 -12,356,898.04
Total comprehensive income
attributable to owners of the parent -9,934,009.57 -11,616,937.13
company
Total comprehensive income
187,646.39 -739,960.91
attributable to minority shareholders
VIII. Earnings per share:
(I) Basic earnings per share -0.0462 -0.0540
(II) Diluted earnings per share -0.0462 -0.0540
If an enterprise under the same control was merged, the net profit realized by the merged enterprise before the merger was XXX
yuan for the current period and XXX yuan for the prior period.
Legal representative: Li Langping Person in charge of accounting: Liao Rongchao Person in charge of the accounting firm: Lv
Yunfei
3. Consolidated cash flow statement
Unit: yuan
Item Amount in the current period Amount in the previous period
I. Cash flow from operating activities:
Cash received from sales of goods and
131,803,539.48 138,136,775.40
labor services
Net increase in customer deposits and
interbank deposits
Net increase in borrowings from the
central bank
Net increase in funds borrowed from
other financial institutions
Cash received from the original
insurance contract premium
Net cash received from reinsurance
operations
Net increase in policyholder deposits
and investment funds
Cash received from interests, fees and
commissions
Net increase in borrowed funds
Net increase in repurchase funds
Net cash received from securities
trading brokerage business
Received tax refund 746,457.09 512,522.21
Cash received from other operating
18,356,217.58 11,637,542.18
related activities
Subtotal of cash inflow from operating
150,906,214.15 150,286,839.79
activities
Cash for purchasing goods and
175,746,898.78 199,021,244.37
receiving labor services
Net increase in customer loans and
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Report for the First Quarter of 2023 of Nanjing Putian Telecommunications Co., Ltd.
advances
Net increase in deposits with central
bank and interbank
Cash for paying original insurance
contract compensation
Net increase in lending funds
Cash for paying interests, fees and
commissions
Cash for paying policy dividends
Cash paid to and for employees 44,010,100.22 53,673,213.46
Various taxes paid 13,063,156.83 8,313,918.55
Cash for paying other operating
22,189,232.20 32,619,816.08
related activities
Subtotal of cash outflow from operating
255,009,388.03 293,628,192.46
activities
Net cash flow from operating activities -104,103,173.88 -143,341,352.67
II. Cash flow from investment activities:
Cash from disinvestment
Cash from investment income
Net cash recovered from disposal of
fixed assets, intangible assets and other
long-term assets
Net cash received from disposal of
subsidiaries and other business entities
Cash received from other investment
related activities
Subtotal of cash inflow from investment
activities
Cash paid for the purchase and
construction of fixed assets, intangible 513,213.90 1,270,596.11
assets and other long-term assets
Cash paid for investment
Net increase in pledged loans
Net cash paid to obtain subsidiaries
and other business entities
Cash paid for other investment related
activities
Subtotal of cash outflows from
513,213.90 1,270,596.11
investment activities
Net amount of cash flow from
-513,213.90 -1,270,596.11
investment activities
III. Cash flow from financing activities:
Cash received from accepting
investment
Including: cash received by
subsidies from minority shareholders'
investments
Cash received from loans 53,700,000.00 29,700,000.00
Cash from other financing related
25,555.55
activities
Subtotal of cash inflows from financing
53,725,555.55 29,700,000.00
activities
Cash paid for debt repayment 75,800,000.00 19,738,717.12
Cash paid for distribution of
1,742,926.19 2,968,358.86
dividends, profits or interests
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Report for the First Quarter of 2023 of Nanjing Putian Telecommunications Co., Ltd.
Including: dividends and profits
paid by subsidiaries to minority
shareholders
Cash paid for other financing related
87,764.19
activities
Subtotal of cash outflows from financing
77,542,926.19 22,794,840.17
activities
Net cash flow from financing activities -23,817,370.64 6,905,159.83
IV. Impacts of exchange rate changes on
87,894.34
cash and cash equivalents
V. Net increase in cash and cash
-128,433,758.42 -137,618,894.61
equivalents
Plus: balance of cash and cash
164,384,741.39 180,459,070.86
equivalents at the beginning of the period
VI. Balance of cash and cash equivalents
35,950,982.97 42,840,176.25
at the end of the period
(II) Audit report
Has the Report for the First Quarter been audited?
□Yes No
The Report for the First Quarter has not been audited.
Board of Directors of Nanjing Putian Telecommunications Co., Ltd.
April 29, 2023
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