Report for the Third Quarter of 2023 of Nanjing Putian Telecommunications Co., Ltd.
Stock code: 200468 Stock Form of the Stock: NJ TEL B Notice No.: 2023-037
Nanjing Putian Telecommunications Co., Ltd.
The Third Quarterly Report of 2023
The Company and all members of the Board of Directors hereby guarantee that the information disclosed is true, accurate and
complete, containing no false entries, misleading statements or material 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
major 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 Third Quarter been audited?
□Yes No
I. Main financial data
(I) Main accounting data and financial indicators
Does the Company need to retroactively adjust or restate the accounting data of previous years
□Yes No
Amount from the
Amount of the beginning of the year
Amount from the
reporting period to the end of the
Amount of the beginning of the year
increased or decreased reporting period
reporting period to the end of the
over the same period of increased or decreased
reporting period
the previous year (%) over the same period of
the previous year
Operating revenue
188,206,576.44 -18.47% 580,746,454.13 -9.00%
(yuan)
Net profit attributable
to shareholders of the -5,783,929.78 12.24% -16,745,826.70 51.18%
listed company (yuan)
Net profit attributable
to shareholders of the -5,657,847.85 15.54% -18,181,585.82 41.82%
listed company after
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Report for the Third Quarter of 2023 of Nanjing Putian Telecommunications Co., Ltd.
deducting non-
recurring gains and
losses (yuan)
Net cash flow from
operating activities — — -116,121,271.91 13.70%
(yuan)
Basic earnings per
-0.027 12.24% -0.078 51.25%
share (yuan/share)
Diluted earnings per
-0.027 12.24% -0.078 51.25%
share (yuan/share)
Weighted average
-71.04% -54.20% -122.93% -51.52%
return on net assets
Amount at the end of the reporting period
Amount at the end of Amount at the end of
increased or decreased over the end of the
the reporting period the previous year
previous year (%)
Total assets (yuan) 843,670,066.74 891,390,055.62 -5.35%
Owners' equity
attributable to
5,249,509.58 21,995,336.28 -76.13%
shareholders of the list
company (yuan)
(II) Non-recurring profit and loss items and amounts
Applicable □Not applicable
Unit: yuan
Amount from the beginning of
Amount of the reporting
Item the year to the end of the Description
period
reporting period
Profits and losses on disposal of non-
current assets (including the write-off
-67,389.77
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
838,180.23
Company, conform to the national
policies and regulations, and are
continuously enjoyed according to a
certain standard quota or quantitative
amount)
Profit and loss of debt restructuring 100,000.00 11,445.00
Reversal of impairment provision for
receivables separately tested for 1,457,921.68
impairment
Other non-operating revenue and
-139,988.00 -440,988.94
expenses other than the above items
Less: Affected amount of revenue tax 61,935.40 126,715.72
Affected amount of minority
24,158.53 236,693.36
shareholders' equity (after tax)
Total -126,081.93 1,435,759.12 --
Details of other profit and loss items that comply with the definition of non-recurring profit and loss:
□Applicable Not applicable
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Report for the Third Quarter of 2023 of Nanjing Putian Telecommunications Co., Ltd.
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
From the start of the year until the end of the reporting period, there was a 51.18% increase in net profit
attributed to the shareholders of the listed company when compared to the same period in the previous year.
This increase can be primarily attributed to the Company's strategic focus on its core responsibilities and main
business areas, as well as its efforts to optimize its industrial layout, reduce low-margin business operations, and
enhance the comprehensive gross profit margin by 3% in comparison to the previous year. Furthermore, during
this period, the Company successfully mobilized idle assets, intensified its efforts in recovering accounts
receivable and clearing inventory debts, and divested loss-making subsidiaries. As a result, operational
efficiency experienced a significant boost, and losses were drastically reduced.
From the beginning of the year to the end of the reporting period, the net profit attributable to the
shareholders of the listed company, after excluding non-recurring gains and losses, saw a substantial increase of
41.82% when compared to the same period in the previous year, mainly attributed to the significant loss
reduction in the net profit attributable to the shareholders of the listed company after excluding non-recurring
gains and losses during the same period.
From the beginning of the year to the end of the reporting period, the basic earnings per share increased by
51.25% when compared to the same period in the previous year. This increase is mainly attributed to the
significant loss reduction in the net profit attributable to shareholders of the listed company when compared to
the same period in the previous year.
From the beginning of the year to the end of the reporting period, the diluted earnings per share increased
by 51.25% when compared to the same period in the previous year, mainly attributed to the significant loss
reduction in the net profit attributable to shareholders of the listed company when compared to the same period
in the previous year.
The weighted average return on net assets in this reporting period decreased by 54.20% when compared to
the same period in the previous year, mainly attributed to the decrease in the weighted average net assets
attributable to the owners of the parent company when compared to the same period in the previous year.
From the beginning of the year to the end of the reporting period, the weighted average return on net assets
decreased by 51.52% when compared to the same period in the previous year, mainly attributed to the decrease
in the weighted average net assets attributable to the owners of the parent company from the beginning of the
year to the end of the reporting period when compared to the same period in the previous year.
At the end of the reporting period, the owners' equity attributable to shareholders of the listed company
decreased by 76.13% when compared to the end of the previous year, mainly attributed to the macroeconomic
downturn, delayed launches of some projects, a reduction in sales volume compared to the same period in the
previous year, and accumulated operating losses. At the end of the reporting period, the owners' equity
attributable to shareholders of the listed companies decreased accordingly.
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Report for the Third Quarter of 2023 of Nanjing Putian Telecommunications Co., Ltd.
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 common shareholders Total number of preferred shareholders whose voting
7,669 0
at the end of the reporting period rights were restored at the end of the reporting period
Shareholding of the top 10 shareholders
Number of non- Pledge, marking or freezing
Type of Shareholding Number of
Name of shareholder tradable shares
shareholder ratio shares held Shares status Quantity
held
CETC Glarun Group State-owned
53.49% 115,000,000.00 115,000,000.00
Co., Ltd. legal person
Shenwan Hongyuan Overseas legal
2.55% 5,476,788.00 0
Securities (H.K.) Ltd. person
GUOTAI JUNAN
SECURITIES Overseas legal
1.28% 2,752,297.00 0
(HONG person
KONG) LIMITED
Natural
Zheng Enyue person in 1.14% 2,449,739.00 0
China
Natural
He Wei person in 1.09% 2,345,600.00 0
China
Natural
Sun Huiming person in 0.94% 2,022,200.00 0
China
Natural
Gu Jinhua person in 0.87% 1,871,371.00 0
China
Natural
Li Mingling person in 0.50% 1,077,520.00 0
China
Natural
Zhen Hongquan person in 0.47% 1,004,100.00 0
China
Natural
Xiang Yan person in 0.42% 905,602.00 0
China
Shareholding of the top 10 shareholders of tradable shares
Type and quantity of shares
Name of shareholder Number of listed and tradable shares held
Type of shares Quantity
Domestic
Shenwan Hongyuan Securities (H.K.)
5,476,788.00 listed foreign 5,476,788.00
Ltd.
shares
Domestic
GUOTAI JUNAN SECURITIES
2,752,297.00 listed foreign 2,752,297.00
(HONG KONG) LIMITED
shares
Domestic
Zheng Enyue 2,449,739.00 listed foreign 2,449,739.00
shares
Domestic
He Wei 2,345,600.00 listed foreign 2,345,600.00
shares
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Report for the Third Quarter of 2023 of Nanjing Putian Telecommunications Co., Ltd.
Domestic
Sun Huiming 2,022,200.00 listed foreign 2,022,200.00
shares
Domestic
Gu Jinhua 1,871,371.00 listed foreign 1,871,371.00
shares
Domestic
Li Mingling 1,077,520.00 listed foreign 1,077,520.00
shares
Domestic
Zhen Hongquan 1,004,100.00 listed foreign 1,004,100.00
shares
Domestic
Xiang Yan 905,602.00 listed foreign 905,602.00
shares
Domestic
Xia Zulin 900,000.00 listed foreign 900,000.00
shares
Among the above-mentioned shareholders, CETC Glarun Group Co.,
Description of the above-mentioned shareholders' Ltd. was not related to other shareholders and was not a party acting
association or concerted actions 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
None
margin financing and securities lending business (if 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
IV. Quarterly financial statements
(I) Financial statements
1. Consolidated balance sheet
Prepared by: Nanjing Putian Telecommunications Co., Ltd.
September 30, 2023
Unit: yuan
Item September 30, 2023 January 1, 2023
Current assets:
Monetary funds 78,953,398.25 173,863,825.35
Settlement reserve
Lending funds
Trading financial assets
Derivative financial assets
Notes receivable 15,945,061.45 27,689,906.04
Accounts receivable 415,681,260.18 304,616,212.04
Receivables financing 10,657,484.60 30,668,999.36
Prepayments 7,998,574.55 19,081,824.22
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Report for the Third Quarter of 2023 of Nanjing Putian Telecommunications Co., Ltd.
Premium receivable
Reinsurance accounts receivable
Provision for reinsurance contract
receivable
Other receivables 16,607,661.50 11,716,301.19
Including: interest receivable
Dividend receivable
Financial assets bought for resale
Inventory 147,561,641.98 166,440,238.56
Contract assets
Assets held for sale
Non-current assets due within one year
Other current assets 2,487,758.18 3,432,231.67
Total current assets 695,892,840.69 737,509,538.43
Non-current assets:
Loans and advances
Investments in bonds
Other investments in bonds
Long-term receivables
Long-term equity investment 10,412,647.58 10,422,321.80
Other equity instrument investments 741,953.00 741,953.00
Other non-current financial assets
Investment real estate 19,483,176.21 20,351,240.03
Fixed assets 94,399,447.81 97,917,714.15
Construction in progress 5,906.53 0.00
Productive biological assets
Oil and gas assets
Right-of-use assets
Intangible assets 19,889,855.34 20,493,463.76
Development expenditure
Goodwill
Long-term unamortized expenses 2,844,239.58 3,953,824.45
Deferred tax assets
Other non-current assets
Total non-current assets 147,777,226.05 153,880,517.19
Total assets 843,670,066.74 891,390,055.62
Current liabilities:
Short-term loans 78,000,000.00 112,836,727.77
Loans from the central bank
Loans from other banks
Trading financial liabilities
Derivative financial liabilities
Notes payable 1,875,832.00 0.00
Accounts payable 413,443,944.49 470,867,283.07
Advance collections 240,585.08
Contract liability 15,869,149.79 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
Employee remuneration payable 17,799,265.72 17,473,887.86
Taxes payable 1,833,586.37 7,390,521.21
Other payables 55,282,554.72 59,206,281.08
Including: interest payable
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Report for the Third Quarter of 2023 of Nanjing Putian Telecommunications Co., Ltd.
Dividend payable 12,538,813.38 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 508,609.40 1,691,302.29
Total current liabilities 584,612,942.49 684,755,399.72
Non-current liabilities:
Insurance contract reserves
Long-term loans 175,800,000.00 105,800,000.00
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 175,800,000.00 105,800,000.00
Total liabilities 760,412,942.49 790,555,399.72
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
Undistributed profits -405,583,055.59 -388,837,228.89
Total owners' equity attributable to
5,249,509.58 21,995,336.28
parent company
Minority shareholders' equity 78,007,614.67 78,839,319.62
Total owners' equity 83,257,124.25 100,834,655.90
Total liabilities and owners' equity 843,670,066.74 891,390,055.62
Legal representative: Li Langping Person in charge of accounting: Liao Rongchao Person in charge of the accounting firm: Liao
Rongchao
2. Consolidated income statement for the period from the beginning of the year to the end of the
reporting period
Unit: yuan
Item Amount in the current period Amount in the previous period
I. Total operating revenue 580,746,454.13 638,150,889.88
Including: operating revenue 580,746,454.13 638,150,889.88
Interest income
Premiums earned
Fee and commission income
II. Total operating costs 587,564,264.81 651,349,371.96
Including: operating costs 442,360,165.02 505,834,602.13
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Report for the Third Quarter of 2023 of Nanjing Putian Telecommunications Co., Ltd.
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 3,746,893.08 3,976,677.87
Sales expenses 59,158,234.72 57,029,351.12
Management fees 46,842,109.30 44,164,495.60
Research and development expenditure 29,139,789.98 33,286,913.01
Financial expenses 6,317,072.71 7,057,332.23
Including: Interest expense 6,296,226.67 7,808,379.40
Interest income 305,990.82 971,194.66
Plus: Other income 1,899,478.78 1,182,426.61
Investment income (“-” for losses) 303,027.78 -5,750,767.13
Including: Income from investment in
69.35
associates and joint ventures
Income from derecognition of financial
assets measured at amortized cost
Exchange profits (losses are listed with
"-")
Income from net exposure hedging (“-”
for losses)
Income from changes in fair value (“-”
for losses)
Credit impairment losses (losses are
759,998.97 -2,405,794.60
listed with "-")
Asset impairment losses (losses are listed
-9,993.42
with "-")
Asset disposal income ("-" for losses) -67,389.77 66,821.63
III. Operating profit ("-" for losses) -3,922,694.92 -20,115,788.99
Plus: Non-operating revenue 346,155.00 1,846,879.96
Less: Non-operating expenditure 878,080.57 44,008.13
IV. Total profit ("-” for total losses) -4,454,620.49 -18,312,917.16
Less: Income tax expense 2,276,311.16 8,172,417.32
V. Net profit (“-” for net losses) -6,730,931.65 -26,485,334.48
(I) Classification by business continuity
1. Net profit from continuing operations
-6,730,931.65 -26,485,334.48
(“-” for net losses)
2. Net profit from discontinuation of
operation (“-” for net losses)
(II) Classification by ownership
1. Net profit attributable to shareholders
-16,745,826.70 -34,301,645.70
of the parent company (“-” for net losses)
2. Profit and loss of minority
10,014,895.05 7,816,311.22
shareholders ("-" for net losses)
VI. Net after-tax amount of other
4,964,727.82
comprehensive income
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Report for the Third Quarter of 2023 of Nanjing Putian Telecommunications Co., Ltd.
Net after-tax amount of other
comprehensive income attributable to the 4,964,727.82
owner of the parent company
(I) Other comprehensive income that
cannot be reclassified into profits and
losses
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 which
will be re-classified into profits and 4,964,727.82
losses
1. Other comprehensive income that can
be transferred to profit or loss 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
6. Differences in translation of foreign
4,964,727.82
currency financial statements
7. Others
Net after-tax amount of other
comprehensive income attributable to
minority shareholders
VII. Total comprehensive income -6,730,931.65 -21,520,606.66
(I) Total comprehensive income
attributable to owners of the parent -16,745,826.70 -29,336,917.88
company
(II) Total comprehensive income
10,014,895.05 7,816,311.22
attributable to minority shareholders
VIII. Earnings per share:
(I) Basic earnings per share -0.078 -0.160
(II) Diluted earnings per share -0.078 -0.160
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: Liao
Rongchao
3. Consolidated cash flow statement for the period from the beginning of the year to the end of the
reporting period
Unit: yuan
Item Amount in the current period Amount in the previous period
I. Cash flow from operating activities:
Cash received from selling goods and 490,062,539.42 580,599,798.73
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Report for the Third Quarter of 2023 of Nanjing Putian Telecommunications Co., Ltd.
providing 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
Refund of tax and levies 2,086,193.98 2,296,485.34
Cash received relating to other operating
44,934,535.71 33,359,007.73
activities
Subtotal of cash inflow from operating
537,083,269.11 616,255,291.80
activities
Cash paid for purchasing goods and
425,988,579.55 519,370,074.46
receiving labor services
Net increase in customer loans and
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 126,900,128.31 137,296,966.23
Various taxes paid 31,646,012.19 24,927,556.78
Payment of other payments related to
68,669,820.97 69,211,894.49
business activities
Subtotal of cash outflow from operating
653,204,541.02 750,806,491.96
activities
Net cash flow from operating activities -116,121,271.91 -134,551,200.16
II. Cash flow from investment activities:
Cash from disinvestment 20,000,000.00
Cash from investment income 337,205.48
Net cash received from disposal of fixed
assets, intangible assets and other long- 2,800.00 135,090.00
term assets
Net cash received from disposal of
subsidiaries and other business entities
Cash received from other investment
related activities
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Report for the Third Quarter of 2023 of Nanjing Putian Telecommunications Co., Ltd.
Subtotal of cash inflow from investing
2,800.00 20,472,295.48
activities
Cash paid for the purchase and
construction of fixed assets, intangible 2,076,902.07 2,177,707.43
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 outflow from investing
2,076,902.07 2,177,707.43
activities
Net cash flow from investing activities -2,074,102.07 18,294,588.05
III. Cash Flow from Financing Activities:
Cash received from accepting investment
Including: cash received by subsidies
from minority shareholders' investments
Obtain the cash received from the loan 146,000,000.00 85,900,000.00
Cash from other financing related
25,555.55
activities
Subtotal of cash inflow from financing
146,025,555.55 85,900,000.00
activities
Cash paid for debt repayment 111,800,000.00 43,600,000.00
Cash paid for distributing dividends,
7,030,198.79 18,494,194.59
profits or paying interest
Including: dividends and profits paid by
subsidiaries to minority shareholders
Cash paid for other financing related
1,232,833.30
activities
Subtotal of cash outflow from financing
118,830,198.79 63,327,027.89
activities
Net cash flow from financing activities 27,195,356.76 22,572,972.11
IV. Impacts of exchange rate changes on
94,248.61
cash and cash equivalents
V. Net increase in cash and cash
-91,000,017.22 -93,589,391.39
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
73,384,724.17 86,869,679.47
at the end of the period
(II) Initial implementation of the new accounting standards in 2023: Adjustments of
relevant items in the financial statements at the beginning of the year
□Applicable Not applicable
(III) Audit report
Has the Report for the Third Quarter been audited?
□Yes No
The Report for the Third Quarter has not been audited.
11
Report for the Third Quarter of 2023 of Nanjing Putian Telecommunications Co., Ltd.
Board of Directors of Nanjing Putian Telecommunications Co., Ltd.
October 31, 2023
12
