Report for the First Quarter of 2024 of Nanjing Putian Telecommunications Co. Ltd.Stock Code: 200468 Short Form of the Stock:NJ TEL B Notice No.: 2024-015
Nanjing Putian Telecommunications Co. Ltd.Report for the First Quarter of 2024
The Company and all members of the Board of Directors hereby guarantee that the information disclosed is true accurate and
complete containing no false records 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 ensure that there are no false records misleading statements or
material 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 indicators
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) 146027739.45 178539354.70 -18.21%
Net profit attributable to
shareholders of the listed -5472992.17 -9934009.57 44.91%
company (yuan)
Net profit attributable to
shareholders of the listed
company after deducting non- -5904941.84 -9495883.88 37.82%
recurring gains and losses
(yuan)
Net cash flow from operating
-135208569.59-104103173.88-29.88%
activities (yuan)
Basic earnings per share -0.0255 -0.0462 44.81%
1Report for the First Quarter of 2024 of Nanjing Putian Telecommunications Co. Ltd.
(yuan/share)
Diluted earnings per share
-0.0255-0.046244.81%
(yuan/share)
Weighted average return on
-195.20%-58.34%-136.86%
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) 771593533.54 826241412.27 -6.61%
Owners' equity attributable to
shareholders of the list 496218.67 5111258.66 -90.29%
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
-468.86
part of the provision for impairment of
assets)
Government subsidies included in the
current profits and losses (except those
closely related to the Company's normal
business operations and those
44532.24
conforming to national policies enjoyed
according to certain standards and
having a continuous impact on the
Company's profits and losses)
Profit and loss of debt restructuring 865740.41
Other non-operating revenue and
-512675.43
expenses other than the above items
Less: Affected amount of revenue tax 15270.53
Affected amount of minority
-50091.84
shareholders' equity (after tax)
Total 431949.67 --
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
2Report for the First Quarter of 2024 of Nanjing Putian Telecommunications Co. Ltd.
The net profit attributable to the shareholders of the listed company shows a 44.91% reduction in losses
compared to the same period of the previous year. This loss reduction 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 business operations with low gross margins. The comprehensive gross profit margin
increases by 5% compared to the same period of the previous year. Furthermore during this period the
Company successfully mobilized idle assets and intensified its efforts in recovering accounts receivable and
clearing inventory debts. As a result operational efficiency experienced a significant boost and losses were
drastically reduced.The net profit attributable to shareholders of the listed company after excluding non-recurring gains and losses
saw a 37.82% reduction in losses compared to the same period of the previous year. This is mainly attributed to
Company's strengthened cost control which led to a year-on-year decrease in costs and expenses despite a
decline in sales revenue.The basic earnings per share increased by 44.81% when compared to the same period of the previous year. This
increase is mainly attributed to the loss reduction in the net profit attributable to shareholders of the listed
company when compared to the same period of the previous year.The diluted earnings per share increased by 44.81% when compared to the same period of the previous year.This increase is mainly attributed to the loss reduction in the net profit attributable to shareholders of the listed
company when compared to the same period of the previous year.The weighted average return on net assets decreased by 136.86% when compared to the same period of the
previous year. This decrease is 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 of the previous year.The owners' equity attributable to shareholders of the listed company decreased by 90.29% when compared to
the end of the previous year mainly attributed to delayed launches of some projects a reduction in sales volume
compared to the same period of the previous year and accumulated operating losses. At the end of the reporting
period the owners' equity attributable to shareholders of the listed company decreased accordingly.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 ten shareholders
Unit: share
Total number of common
Total number of preferred shareholders whose voting
shareholders at the end of the 7657 0
rights were restored at the end of the reporting period
reporting period
Shareholding of the top 10 shareholders (excluding shares lent through refinancing)
Number of non- Pledge marking or freezing
Shareholder Type of Shareholding Number of
tradable shares
name shareholder ratio (%) shares held Shares status Quantity
held
CETC Glarun State-owned
53.49% 115000000.00 115000000.00 Not applicable 0.00
Group Co. Ltd. legal person
Natural person
He Wei 1.44% 3105400.00 0.00 Not applicable 0.00
in China
3Report for the First Quarter of 2024 of Nanjing Putian Telecommunications Co. Ltd.
Shenwan
Hongyuan Overseas legal
1.40% 3003288.00 0.00 Not applicable 0.00
Securities person
(H.K.) Ltd.Natural person
Zheng Enyue 1.14% 2449739.00 0.00 Not applicable 0.00
in China
GUOTAI
JUNAN
SECURITIES Overseas legal
1.08% 2326603.00 0.00 Not applicable 0.00
(HONG person
KONG)
LIMITED
Natural person
Gu Jinhua 0.87% 1871371.00 0.00 Not applicable 0.00
in China
Natural person
Sun Huiming 0.84% 1800000.00 0.00 Not applicable 0.00
in China
Natural person
Li Mingling 0.54% 1168820.00 0.00 Not applicable 0.00
in China
Zhen Natural person
0.47% 1010900.00 0.00 Not applicable 0.00
Hongquan in China
Natural person
Xiang Yan 0.42% 905602.00 0.00 Not applicable 0.00
in China
Shareholding of the top 10 tradable shareholders
Type of shares
Shareholder name Number of listed and tradable shares held
Type of shares Quantity
Domestic listed
He Wei 3105400.00 3105400.00
foreign shares
Shenwan Hongyuan Securities Domestic listed
3003288.003003288.00
(H.K.) Ltd. foreign shares
Domestic listed
Zheng Enyue 2449739.00 2449739.00
foreign shares
GUOTAI JUNAN SECURITIES Domestic listed
2326603.002326603.00
(HONG KONG) LIMITED foreign shares
Domestic listed
Gu Jinhua 1871371.00 1871371.00
foreign shares
Domestic listed
Sun Huiming 1800000.00 1800000.00
foreign shares
Domestic listed
Li Mingling 1168820.00 1168820.00
foreign shares
Domestic listed
Zhen Hongquan 1010900.00 1010900.00
foreign shares
Domestic listed
Xiang Yan 905602.00 905602.00
foreign shares
Domestic listed
Xia Zulin 900000.00 900000.00
foreign shares
Among the top ten shareholders CETC Glarun Group Co. Ltd. was not
Description of the above-mentioned shareholders' related to other shareholders and was not a party acting in concert. The
association or concerted actions 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)
Participation in share lending through refinancing business by shareholders holding more than 5% of shares the top 10
shareholders and the top 10 holders of unlimited tradable shares
□Applicable □Not applicable
Changes occurred since the last period due to share lending/returning through refinancing business by the top 10 shareholders and
4Report for the First Quarter of 2024 of Nanjing Putian Telecommunications Co. Ltd.
the top 10 holders of unlimited tradable shares
□Applicable □Not applicable
(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.March 31 2024
Unit: yuan
Item Closing balance Opening balance
Current assets:
Monetary funds 59651229.79 178290844.21
Settlement reserve
Lending funds
Trading financial assets
Derivative financial assets
Notes receivable 19015121.98 23492416.53
Accounts receivable 355381182.68 301618359.27
Financing with accounts receivable 12710912.05 32347277.62
Prepayments 11910954.23 10184683.74
Premium receivable
Reinsurance accounts receivable
Provision for reinsurance contract
receivable
Other receivables 10538239.44 8103021.44
Including: interest receivable
Dividend receivable
Financial assets bought for resale
Inventories 151467512.96 122698778.26
Including: Data resources
Contract assets
Assets held for sale
Non-current assets due within one year
Other current assets 3663916.49 3490759.90
Total current assets 624339069.62 680226140.97
Non-current assets:
Loans and advances
Investments in bonds
Other investments in bonds
Long-term receivables
Long-term equity investment 10412580.65 10412689.14
5Report for the First Quarter of 2024 of Nanjing Putian Telecommunications Co. Ltd.
Other equity instrument investments 741953.00 741953.00
Other non-current financial assets
Investment real estate 18871095.57 19127078.75
Fixed assets 92238893.48 93754100.19
Projects under construction 16.71 5906.53
Productive biological assets
Oil and gas assets
Right-of-use assets 2643249.28
Intangible assets 19482176.23 19632871.51
Including: Data resources
Development expenditure
Including: Data resources
Goodwill
Long-term unamortized expenses 2864499.00 2299773.18
Deferred income tax assets
Other non-current assets 40899.00
Total non-current assets 147254463.92 146015271.30
Total assets 771593533.54 826241412.27
Current liabilities:
Short-term loans 66800000.00 69863323.93
Loans from the central bank
Loans from other banks
Trading financial liabilities
Derivative financial liabilities
Notes payable 12929428.00 9662303.80
Accounts payable 346543808.52 397593766.27
Accounts received in advance 452216.54
Contract liability 16463345.08 16720781.30
Financial assets sold under repurchase
agreements
Deposits from customers and
interbank
Receivables from vicariously traded
securities
Receivables from vicariously sold
securities
Employee remuneration payable 17537522.82 17771367.37
Taxes payable 1799384.04 5630992.31
Other payables 48466660.70 47119742.53
Including: interest payable
Dividend payable 4000000.00 5692213.38
Fees and commissions payable
Reinsurance accounts payable
Liabilities held for sale
Non-current liabilities due within one
year
Other current liabilities 1583591.48 1595107.01
Total current liabilities 512123740.64 566409601.06
Non-current liabilities:
Insurance contract reserves
Long-term loans 175800000.00 176011976.11
Bonds payable
Including: Preferred shares
Perpetual bond
Lease liabilities 2686684.00
Long-term payables
6Report for the First Quarter of 2024 of Nanjing Putian Telecommunications Co. Ltd.
Long-term remuneration payable
Estimated liabilities
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 178486684.00 176011976.11
Total liabilities 690610424.64 742421577.17
Owners' equity:
Share capital 215000000.00 215000000.00
Other equity instruments
Including: preferred shares
Perpetual bonds
Capital reserves 197955867.58 197097915.40
Less: treasury shares
Other comprehensive income -1854910.00 -1854910.00
Special reserves
Surplus reserves 589559.77 589559.77
Provision for general risks
Undistributed profits -411194298.68 -405721306.51
Total owners' equity attributable to
496218.675111258.66
parent company
Minority shareholders' equity 80486890.23 78708576.44
Total owners' equity 80983108.90 83819835.10
Total liabilities and owners' equity 771593533.54 826241412.27
Legal representative: Li Langping Person in charge of accounting: Liao Rongchao Person in charge of the accounting firm:
Zhang Jingxia
2. Consolidated income statement
Unit: yuan
Item Amount in the current period Amount in the previous period
I. Total operating revenue 146027739.45 178539354.70
Including: operating revenue 146027739.45 178539354.70
Interest income
Premiums earned
Income from service charges
and commissions
II. Total operating costs 151260080.36 188181643.97
Including: operating costs 106114217.27 140007403.28
Interest expense
Expenses for service charges
and commissions
Surrender
Net payments for insurance
claims
Net amount withdrawn for
insurance liability reserves
Bond insurance expense
Reinsurance costs
Taxes and surcharges 965110.56 987499.19
Sales expenses 19571283.53 21430782.51
Management expenses 13498645.61 14541639.47
7Report for the First Quarter of 2024 of Nanjing Putian Telecommunications Co. Ltd.
Research and development
9324375.039782974.40
expenses
Financial expenses 1786448.36 1431345.12
Including: Interest expense
Interest income
Plus: Other income 543529.54 952443.01
Investment income (“-” for
865631.92-101160.82
losses)
Including: Income from
investment in associated enterprises and -9759.82
joint ventures
Income from
derecognition of financial assets
measured at amortized cost
Exchange profits ("-" for losses)
Income from net exposure
hedging (“-” for losses)
Income from changes in fair
value (“-” for losses)
Credit impairment losses ("-" for
1249647.30-44407.22
losses)
Asset impairment losses ("-" for
53047.51
losses)
Asset disposal income ("-" for
-468.86-64396.80
losses)
III. Operating profit ("-" for losses) -2574001.01 -8846763.59
Plus: Non-operating revenue 46576.26 253000.00
Less: Non-operating expenditure 559251.69 585843.01IV. Total profit ("-” for total losses) -3086676.44 -9179606.60
Less: Income tax expenses 1442263.12 566756.58
V. Net profit (“-” for net losses) -4528939.56 -9746363.18
(I) Classification by business
continuity
1. Net profit from continuing
-4528939.56-9746363.18
operation (“-” for net losses)
2. Net profit from discontinuation of
operation (“-” for net losses)
(II) Classification by ownership
1. Net profit attributable to the
-5472992.17-9934009.57
owner of parent company
2. Minority shareholders' profits and
944052.61187646.39
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
8Report for the First Quarter of 2024 of Nanjing Putian Telecommunications Co. Ltd.
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
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 -4528939.56 -9746363.18
Total comprehensive income
attributable to owners of the parent -5472992.17 -9934009.57
company
Total comprehensive income
944052.61187646.39
attributable to minority shareholders
VIII. Earnings per share:
(I) Basic earnings per share -0.0255 -0.0462
(II) Diluted earnings per share -0.0255 -0.0462
For a consolidation of enterprises under the same control the net profit realized by the consolidated enterprise before the
consolidation was XXX yuan 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:
Zhang Jingxia
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 selling goods and
101043881.71131803539.48
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
9Report for the First Quarter of 2024 of Nanjing Putian Telecommunications Co. Ltd.
insurance contract premium
Net cash received from reinsurance
operations
Net increase in policyholder deposits
and investment funds
Cash received from interests service
charges 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 140764.41 746457.09
Cash received relating to other
42360185.4618356217.58
operating activities
Subtotal of cash inflow from operating
143544831.58150906214.15
activities
Cash paid for purchasing goods and
168423180.06175746898.78
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 service
charges and commissions
Cash for paying policy dividends
Cash paid to and for employees 35786086.00 44010100.22
Various taxes paid 10555017.42 13063156.83
Payment of other payments related to
63989117.6922189232.20
business activities
Subtotal of cash outflow from operating
278753401.17255009388.03
activities
Net cash flow from operating activities -135208569.59 -104103173.88
II. Cash flow from investment activities:
Cash from disinvestment
Cash from investment income
Net cash received from disposal of
fixed assets intangible assets and other 40.00
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 investing
40.00
activities
Cash paid for the purchase and
construction of fixed assets intangible 401944.40 513213.90
assets and other long-term assets
Cash paid for investment
Net increase in pledged loans
Net cash paid to obtain subsidiaries
10Report for the First Quarter of 2024 of Nanjing Putian Telecommunications Co. Ltd.
and other business entities
Cash paid for other investment related
activities
Subtotal of cash outflow from investing
401944.40513213.90
activities
Net cash flow from investing activities -401904.40 -513213.90
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 28500000.00 53700000.00
Cash from other financing related
25555.55
activities
Subtotal of cash inflow from financing
28500000.0053725555.55
activities
Cash paid for debt repayment 23200000.00 75800000.00
Cash paid for distributing dividends
2379656.461742926.19
profits or paying interest
Including: dividends and profits
paid by subsidiaries to minority
shareholders
Cash paid for other financing related
activities
Subtotal of cash outflow from financing
25579656.4677542926.19
activities
Net cash flow from financing activities 2920343.54 -23817370.64
IV. Impacts of exchange rate changes on
cash and cash equivalents
V.Net increase in cash and cash
-132690130.45-128433758.42
equivalents
Plus: Balance of cash and cash
164177680.11164384741.39
equivalents at the beginning of the period
VI. Balance of cash and cash equivalents
31487549.6635950982.97
at the end of the period
(II) Initial implementation of the new accounting standards in 2024: 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 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 30 2024
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