Nanjing Putian Telecommunications Co., Ltd. Summary of Annual Report 2015
Stock Code: 200468 Short Form of the Stock: NJ TEL B Notice No.: 2016-004
Nanjing Putian Telecommunications Co., Ltd.
Summary of Annual Report 2015
I. Important Notice
The summary is abstract from full-text of annual report, for more details of operating results, financial condition and future
development plan of the Company; investors should found in the full-text of annual report that published on media
appointed by CSRC.
Objection statement of directors, supervisors and senior executives
Name Position Content and reason
Statement
Other directors attending the Meeting for annual report deliberation except for the followed
Name of director absent Title for absent director Reasons for absent Attorney
Li Tong Director For work Han Shu
Ding Haiyan Independent director For work Zhang Shunyi
Prompt of non-standard audit opinion
□ Applicable √ Not applicable
Profit distribution pre-plan of common stock or capitalizing of common reserves pre-plan deliberated by the Board in the
reporting period
□ Applicable √ Not applicable
The Company has no plans of cash dividend distributed, no bonus shares and has no share converted from capital
reserve.
Profit distribution pre-plan of preferred stock deliberated and approved by the Board in the reporting period
□ Applicable √ Not applicable
Company Profile
Short form of the stock NJ TEL B Stock code 200468
Stock exchange for listing Shenzhen Stock Exchange
Person/Way to contact Secretary of the Board Rep. of security affairs
Name Zhang Shenwei Xiao Hong
No. 1 Putian Road, Qinhuai District No. 1 Putian Road, Qinhuai District
Office add.
Nanjing, Jiangsu Province Nanjing, Jiangsu Province
Fax. 86-25-52409954 86-25-52409954
Tel. 86-25-58962010 86-25-58962072
E-mail zsw@postel.com.cn xiaohong@postel.com.cn
II. Main business or product introduction in the reporting period
The Company, a long established state-owned holding telecommunication equipment manufacturer, specializes in the
R&D, manufacturing and sales of telecommunication equipment products. The traditional leading products of the
Company are wiring connection equipment. After continuous industrial restructuring and upgrading for years, the
Company has expanded its business from traditional advantaged industries to industrial application fields and developed
a diversified management pattern covering industries including wiring connection, multi-media application, network and
system integration. The products of the Company have a wide geographic coverage across all the provinces and cities
around the country and are also exported abroad.
The leading products of the Company are wiring connection. The operating entities besides the headquarter include also
such holding subsidiaries as Nanjing Bada Communication Equipment Co., Ltd. and Nanjing Putian Changle
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Nanjing Putian Telecommunications Co., Ltd. Summary of Annual Report 2015
Communication Equipment Co., Ltd. Its wiring connection products include distribution frame, outdoor communication
products, power supply products of communication room, indoor optical fibre and cable and so on. Its target customers
are domestic communication operators. In recent years, the customers are gradually increasing as well.
Nanjing Southern Telecom Co., Ltd., a holding subsidiary and an operating entity of the Company in multi-media
application industry, specializes in provision of applied solutions in remote collaboration to large and medium-sized
customers from governments or in industries such as finance, health care, education, energy and transportation. Its
leading product is video conferencing equipment.
Nanjing Putian Tianji Building Intelligence Co., Ltd., a holding subsidiary and an operating entity in wiring products,
specializes in the production and sales of comprehensive wiring and building intelligence products covering copper wiring,
optical fibre cabling, residential wiring and building intelligence.
Its product line also includes wireline access, wireless access, industrial electrical plug device, microwave passive
components and so on.
III. Main accounting data and financial indexes
1. Main accounting data and financial indexes for recently three years
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and
accounting error correction or not
√ Yes □No
In RMB
Changes over last
2015 2014 2013
year
Operating income 1,893,212,218.81 2,293,340,939.99 -17.45% 2,429,380,328.74
Net profit attributable to
shareholders of the listed -16,590,830.26 -18,976,543.88 12.57% 4,898,647.91
company
Net profit attributable to
shareholders of the listed
-30,429,390.88 -24,332,137.36 -25.06% -20,872,447.83
company after deducting
non-recurring gains and losses
Net cash flow arising from
15,972,428.63 71,019,036.33 -77.51% 46,696,334.40
operating activities
Basic earnings per share
-0.08 -0.09 11.11% 0.02
(RMB/Share)
Diluted earnings per share
-0.08 -0.09 11.11% 0.02
(RMB/Share)
Weighted average ROE -4.67% -5.08% 0.41% 1.29%
Changes over end of
End of 2015 End of 2014 End of 2013
last year
Total assets 2,093,670,119.65 2,082,860,208.23 0.52% 2,107,194,638.89
Net assets attributable to
346,684,394.29 364,179,913.14 -4.80% 383,210,520.22
shareholder of listed company
2. Quarterly main financial index
In RMB
First quarter Second quarter Third quarter Fourth quarter
Operating income 430,831,087.19 489,460,244.42 436,542,450.41 536,378,436.79
Net profit attributable to
shareholders of the listed -13,964,448.61 -2,649,315.32 -11,570,789.59 11,593,723.26
company
Net profit attributable to
shareholders of the listed
-15,355,211.29 -3,232,688.83 -14,124,631.07 2,283,140.31
company after deducting
non-recurring gains and losses
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Nanjing Putian Telecommunications Co., Ltd. Summary of Annual Report 2015
Net cash flow arising from
-189,481,994.99 53,604,540.41 16,298,763.76 135,551,119.45
operating activities
Whether there are significant differences between the above-mentioned financial index or its total number and the relevant
financial index disclosed in the company’s quarterly report and semi-annual report
□Yes √ No
IV. Shares and shareholders
1. Particulars about common stock shareholders, preference shareholders with voting rights
recovered and top ten shareholders
In Share
Total
preferen
ce
Total Total preference
sharehol
common Total common stock shareholders with
ders with
stock shareholders at end voting rights
voting
sharehold 10,958 of last month before 10,996 0 recovered at end of 0
rights
ers in annual report last month before
recovere
reporting disclosed annual report
d at end
period-end disclosed
of
reporting
period
Top ten shareholders
Number of shares
Amount of pledged/frozen
Full name of Nature of Proportion of Amount of restricted shares held
Shareholders shareholder shares held shares held State of
Amount
share
State-owned 115,000,00
China Potevio 53.49% 115,000,000
corporation 0
Shen wan
hongyuan
Foreign
securities 3.73% 8,020,025
corporation
(Hong Kong)
co., LTD
GUOTAI
JUNAN
Foreign
SECURITIES( 1.69% 3,642,204
corporation
HONGKONG)
LIMITED
Domestic
Zhang Huai’an 1.31% 2,807,000
nature person
Domestic
Zheng Enyue 1.10% 2,369,639
nature person
Domestic
Sun Huiming 0.93% 2,007,110
nature person
Domestic
Gu Jinhua 0.83% 1,782,871
nature person
LI LEON Foreign nature
0.68% 1,472,720
ZHAN WEI person
Domestic
Hu Xiaofeng 0.42% 898,800
nature person
Domestic
Chen Ren 0.31% 658,200
nature person
Explanation on associated Among the top ten shareholders, China Potevio is neither a related party nor a person
relationship among the acting in concert with the others. It’s unknown by the Company whether there are related
aforesaid shareholders parties or persons acting in concert among the other shareholders.
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Nanjing Putian Telecommunications Co., Ltd. Summary of Annual Report 2015
Explanation on shareholders
involving margin business (if N/A
applicable)
2. Total preferred stock shareholders of the Company and shares held by top ten shareholders
with preferred stock held
□ Applicable √ Not applicable
The Company had no shareholders with preferred stock held in the reporting.
3. Property right and controlling relationships between the actual controllers of the Company
and the Company is as follows:
State-owned Assets Supervision and Administration Commission of the State Council
100%
China Putian Corporation
100%
China Potevio Company Limited
53.49%
Nanjing Putian Telecommunications Co., Ltd.
V. Discussion and analysis by the Management Team
1. Introduction of operation in the reporting period
In 2015, despite the severe domestic and overseas economic situation, the Company has adhered to the principle of
innovation, integration and capital while focusing on the annual business development goals. With effort made in
overcoming the intense competition in the market and the rising costs in labor, the Company has maintained steady and
healthy situation.
In 2015, the Company actively promoted the transformation and upgrading of industrial management, each industrial
sector based on its own features and management foundation, the Company has placed a focus on major project
management and strengthened the integration of resources. The Company actively developed new industries, introduced
and cultivated new technology products, and cultivated new markets. According to the national information development
strategy, the Company actively cultivated intelligent community, smart home, smart manufacturing and new energy
industry, strived for major industrial projects, and strived to promote sustainable development
The Company has realized an operating revenue of RMB 1.893 billion, representing 105.18% of the annual estimate and
a decline of 17.45% as compared to last year; a total profit of RMB 10.1078 million representing 117.53% of the annual
estimate and an increase of 24.08% as compared to last year, and a minus net profit attributable to the parent company of
RMB 16.5908 million.
2. Whether the main business had major change in the reporting period
□ Yes √ No
3. About the industries, products, or regions accounting for over 10% of the company’s operating
income or operating profit
√Applicable □Not applicable
In RMB
Operating Gross profit Increase/decrea Increase/decrea Increase/decrea
Name Operating cost
revenue ratio se of operating se of operating se of gross
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Nanjing Putian Telecommunications Co., Ltd. Summary of Annual Report 2015
revenue y-o-y cost y-o-y profit ratio y-o-y
Video conferenc
578,207,025.57 102,479,623.03 17.72% -8.84% -3.35% 1.00%
e products
Cabling product
316,044,283.49 66,284,603.20 20.97% 3.61% 9.92% 1.20%
s
Electrical
114,664,234.43 32,354,735.15 28.22% -4.70% 6.72% 3.02%
products
Wiring and other
959,577,027.40 127,303,934.18 13.27% -31.42% -14.73% 2.60%
products
-161,949,774.9
Interior offset 0.00 0.00% 28.56% -100.00% 0.28%
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Other business
86,669,422.89 12,713,674.53 14.67% 41.74% -14.17% -9.56%
income
Note: During the Reporting Period, under the influence of the centralized purchasing of operators, intense competition in
the market and so on, the selling prices, quantity and gross margin of the wiring products of the Company have declined in
varying degrees as compared to last year. The major reason of the rising gross margin of the primary business in
communication industry as shown in the above table is that the increased effort put in the industrial restructuring by the
Company during the Reporting Period resulted in the reduced revenue from integration trading with extremely low gross
margin as compared to last year. Due to the higher revenue from integration trading last year and amortized overall gross
margin last year, the gross margin of primary business during the period is higher as compared to last year.
4. Whether the characteristics of management seasonal or cyclical need special attention
□ Yes √ No
5. In the reporting period, note of major changes in operating income, operating cost, total net
profit attributable to common stock shareholders of listed company or composing the previous
reporting period
√Applicable □Not applicable
Increase/decrease Increase/decrease
2015 2014 y-o-y (RMB) y-o-y (%)
Operating income 1,893,212,218.81 2,293,340,939.99 -400,128,721.18 -17.45%
Operating cost 1,552,075,648.72 1,933,236,668.23 -381,161,019.51 -19.72%
Net profit attributable to
shareholders of the listing
corporation -16,590,830.26 -18,976,543.88 2,385,713.62 12.57%
Main reason of loss of net profit in 2015: aggravating marketing competition, central purchasing price of operators
declined, part of the company's product sales revenue and gross margin decreased year by year, and profitability
decreased; During the reporting period, although the company made efforts to reduce raw materials and other production
costs, control the expenses, the technology development costs, labor costs and etc. are relatively stable or rising, the cost
overall decline was limited.
6. Particular about suspended and delisting
□ Applicable √ Not applicable
VI. Relevant items involving financial report
1. Particulars about the changes in aspect of accounting policy, estimates and calculation
method compared with the financial report of last year
□ Applicable √ Not applicable
No particulars about the changes in aspect of accounting policy, estimates or calculation method in Period.
2. Major accounting errors within reporting period that needs retrospective restatement
□ Applicable √ Not applicable
No major accounting errors within reporting period that needs retrospective restatement for the Company in the period.
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Nanjing Putian Telecommunications Co., Ltd. Summary of Annual Report 2015
3. Compare with last year’s financial report; explain changes in consolidation statement’s scope
□ Applicable √ Not applicable
No changes in consolidation statement’s scope for the Company in the period.
4. Explanation on “Qualified Opinion” from the Certified Public Accountants in the report period
by the Board of Directors and Supervisory Committee
□ Applicable √ Not applicable
Board of Director of
Nanjing Putian Telecommunications Co., Ltd.
29 March 2016
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