Nanjing Putian Telecommunications Co., Ltd.
Report for the First Quarter of 2026
Stock Code:200468 Stock Abbreviation: NING TONG XIN B Announcement No.: 2026-019
Nanjing Putian Telecommunications Co., Ltd.
Report for the First Quarter of 2026
The Company and all members of the Board of Directors guarantee that the contents of the information disclosed herein are
true, accurate and complete, with no false records, misleading statements or material omissions.
Important Notes:
this Quarterly Report, confirm that there are no false records, misleading statements or material omissions, and shall bear
individual and joint and several legal liabilities therefor.
institution (accounting supervisor) hereby declare that they guarantee the truthfulness, accuracy and completeness of the financial
information contained in this Quarterly Report.
□ Yes No
I. Key Financial Data
(I) Key Accounting Data and Financial Indicators
Does the Company need to retrospectively adjust or restate the accounting data of previous years?
□ Yes No
Change over the
Corresponding Period of the
Current Reporting Period Corresponding Period of the
Previous Year
Previous Year (%)
Operating Revenue (RMB) 103,691,109.91 137,018,953.06 -24.32%
Net profit attributable to
shareholders of the listed -6,511,588.95 -4,768,833.34 -36.54%
company (RMB)
Net profit attributable to
shareholders of the listed
company after deducting non- -6,981,251.11 -4,991,047.69 -39.88%
recurring profit and loss
(RMB)
Net cash flow from operating
-41,793,121.58 -107,998,630.27 61.30%
activities (RMB)
Basic earnings per share
-0.03 -0.02 -50.00%
(RMB/share)
Nanjing Putian Telecommunications Co., Ltd.
Report for the First Quarter of 2026
Diluted earnings per share
-0.03 -0.02 -50.00%
(RMB/share)
Weighted average return on Decreased by 90.51
-130.36% -39.85%
net assets percentage points
End of Current Reporting Change over the End of the
End of the Previous Year
Period Previous Year (%)
Total assets (RMB) 648,334,633.64 729,923,596.97 -11.18%
Owner's Equity Attributable
to Shareholders of the Listed 1,739,322.77 8,250,911.72 -78.92%
Company (RMB)
(II) Non-recurring Profit and Loss Items and Amounts
Applicable □ Not Applicable
Unit: RMB
Item Amount in Current Reporting Period Notes
Gains and losses on disposal of non-
current assets (including the write-back 8,627.76
of provision for asset impairment)
Government grants included in the
current profit or loss (excluding those
closely related to the Company's normal
business, in line with national policies, 109,705.92
enjoyed in accordance with established
standards and having a continuous
impact on the Company's profit or loss)
Gains and losses from debt restructuring 78,810.87
Other non-operating income and
expenses other than the above items
Less: Income tax impact 15,487.43
Impact of minority shareholders'
equity (after tax)
Total 469,662.16 --
Specific information of other profit and loss items conforming to the definition of non-recurring profit and loss:
□ Applicable Not Applicable
The Company has no other specific profit and loss items that conform to the definition of non-recurring profit and loss.
Explanation on the situation where the non-recurring profit and loss items listed in the Explanatory Announcement No.1 on
Information Disclosure by Companies Offering Securities to the Public - Non-recurring Profit and Loss are defined as recurring
profit and loss items:
□ Applicable Not Applicable
The Company does not have any situation where the non-recurring profit and loss items listed in the Explanatory Announcement
No.1 on Information Disclosure by Companies Offering Securities to the Public - Non-recurring Profit and Loss are defined as
recurring profit and loss items.
(III) Changes and Reasons for Changes in Key Accounting Data and Financial Indicators
Applicable □ Not Applicable
Operating Revenue decreased compared with the corresponding period of the previous year, mainly due to the
obvious seasonal characteristics of the current operating conditions.The company actively controls low gross
Nanjing Putian Telecommunications Co., Ltd.
Report for the First Quarter of 2026
profit businesses, and in addition, the signing and conversion progress of some project contracts fell short of
expectations, resulting in the revenue failing to meet the target. However, the Company is actively taking
various measures to strive to improve the contract conversion rate.
Net Profit Attributable to Shareholders of the Listed Company decreased compared with the corresponding
period of the previous year, mainly due to the revenue falling short of expectations, leading to a year-on-year
decrease in net profit.
The reason for the decrease in Net Profit Attributable to Shareholders of the Listed Company after Deducting
Non-recurring Gains and Losses compared with the corresponding period of the previous year is the same as
above.
Net Cash Flow from Operating Activities increased compared with the corresponding period of the previous
year, mainly due to the good collection of payments for some projects in the current period, and the obvious
results of capital control.
Basic Earnings Per Share decreased compared with the corresponding period of the previous year, mainly due
to the operating loss in the current period, leading to the decrease in Net Profit Attributable to Shareholders of
the Listed Company compared with the corresponding period of the previous year.
The reason for the decrease in Diluted Earnings Per Share compared with the corresponding period of the
previous year is the same as above.
Weighted Average Return on Net Assets decreased compared with the corresponding period of the previous
year, mainly due to operating losses in the current period.
Owner's Equity Attributable to Shareholders of the Listed Company decreased compared with the end of the
previous year, mainly due to the operating loss in the current period.
II. Shareholder Information
(I) Total Number of Ordinary Shareholders, Number of Preferred Shareholders with Restored Voting
Rights, and Shareholding of the Top Ten Shareholders
Unit: Share
Total number of ordinary Total number of preferred shareholders with restored
shareholders at the end of the 7,087 voting rights at the end of the reporting period (if 0
reporting period: any):
Shareholding of the Top 10 Shareholders (excluding shares lent under the securities refinancing business)
Number of Pledge, Marking or Freezing
Name of Nature of Shareholding Number of
Non-tradable Status
Shareholder Shareholder Ratio (%) Shares Held
Shares Held Share Status Quantity
CETC Glarun State-owned
Group Co., Ltd. Corporation
Domestic
He Wei 1.90% 4,084,800 0 N/A 0
Natural Person
Shenwan
Hongyuan
Overseas
Securities 1.55% 3,341,311 0 N/A 0
Corporation
(Hong Kong)
Co., Ltd.
Domestic
Zheng Enyue 1.14% 2,449,739 0 N/A 0
Natural Person
Domestic
Gu Jinhua 0.87% 1,871,371 0 N/A 0
Natural Person
China Overseas 0.82% 1,764,914 0 N/A 0
Nanjing Putian Telecommunications Co., Ltd.
Report for the First Quarter of 2026
Merchants Corporation
Securities
(Hong Kong)
Co., Ltd.
Domestic
Chen Rulei 0.70% 1,510,137 0 N/A 0
Natural Person
Domestic
Wu Wenhui 0.63% 1,354,300 0 N/A 0
Natural Person
Domestic
Li Mingling 0.53% 1,132,400 0 N/A 0
Natural Person
Domestic
Peng Hexin 0.47% 1,008,800 0 N/A 0
Natural Person
Shareholding of the Top 10 Tradable Shareholders (excluding shares lent through securities refinancing and locked shares of
senior management)
Type of Shares
Name of Shareholder Number of Listed Tradable Shares Held
Type of Shares Quantity
Domestic
He Wei 4,084,800 Listed Foreign 4,084,800
Shares
Domestic
Shenwan Hongyuan Securities
(Hong Kong) Co., Ltd.
Shares
Domestic
Zheng Enyue 2,449,739 Listed Foreign 2,449,739
Shares
Domestic
Gu Jinhua 1,871,371 Listed Foreign 1,871,371
Shares
Domestic
China Merchants Securities (Hong
Kong) Co., Ltd.
Shares
Domestic
Chen Rulei 1,510,137 Listed Foreign 1,510,137
Shares
Domestic
Wu Wenhui 1,354,300 Listed Foreign 1,354,300
Shares
Domestic
Li Mingling 1,132,400 Listed Foreign 1,132,400
Shares
Domestic
Peng Hexin 1,008,800 Listed Foreign 1,008,800
Shares
Domestic
Yang Wenliang 991,317 Listed Foreign 991,317
Shares
Among the top ten shareholders, CETC Guorui Group Co., Ltd. has no
related relationship with other shareholders, nor is it an acting-in-concert
Description of Related Relationships or Acting-in-
party with them. The Company has no knowledge of whether there are
Concert Status among the Above Shareholders
related relationships or acting-in-concert status among other
shareholders.
Description of the top 10 shareholders' participation
in margin trading and securities lending business (if None
any)
Note：As of the end of the reporting period, the special securities repurchase account of Nanjing Putian Telecommunications Co.,
Ltd. held 2,099,752 tradable shares, accounting for 0.98% of the Company's total shares.
Nanjing Putian Telecommunications Co., Ltd.
Report for the First Quarter of 2026
Participation of Shareholders Holding More Than 5% of Shares, the Top 10 Shareholders and the Top 10 Unrestricted Circulating
Shareholders in Lending Shares under the Securities Refinancing Business
□ Applicable Not Applicable
Changes in the Shareholding of the Top 10 Shareholders and the Top 10 Unrestricted Circulating Shareholders from the Previous
Period due to Lending/Returning of Shares under the Securities Refinancing Business
□ Applicable Not Applicable
(II) Table of the Total Number of Preference Shareholders of the Company and Shareholding of the Top
□ Applicable Not Applicable
III. Other Important Matters
□ Applicable Not Applicable
IV. Quarterly Financial Statements
(I) Financial Statements
Prepared by: Nanjing Putian Telecommunications Co., Ltd.
March 31, 2026
Unit: RMB
Item Closing Balance Opening Balance
Current Assets:
Cash and Cash Equivalents 93,407,865.42 182,285,495.92
Settlement Provisions
Funds Lent
Trading Financial Assets
Derivative Financial Assets
Notes Receivable 14,204,798.30 17,228,499.09
Accounts Receivable 337,489,004.28 323,586,922.02
Accounts Receivable Financing 5,277,022.80 27,655,375.14
Prepayments 5,709,837.36 3,455,153.02
Premium Receivable
Reinsurance Accounts Receivable
Reinsurance Contract Reserves
Receivable
Other Receivables 6,738,430.21 5,239,886.21
Including: Interest Receivable
Dividend Receivable
Financial Assets Purchased under
Resale Agreement
Inventories 78,086,173.85 61,937,412.34
Including: Data Resources
Contract Assets
Assets Held for Sale
Non-current Assets Due within One
Year
Other Current Assets 3,233,782.94 2,196,783.91
Nanjing Putian Telecommunications Co., Ltd.
Report for the First Quarter of 2026
Total Current Assets 544,146,915.16 623,585,527.65
Non-current Assets:
Loans and Advances Issued
Debt Investments
Other Debt Investments
Long-term Receivables
Long-term Equity Investments
Other Equity Instrument Investments 741,953.00 741,953.00
Other Non-current Financial Assets
Investment Properties 4,924,259.34 4,977,270.72
Fixed Assets 82,501,613.68 84,173,058.11
Construction in Progress
Productive Biological Assets
Oil and Gas Assets
Right-of-Use Assets 2,122,032.64 2,187,184.72
Intangible Assets 11,100,061.78 11,203,970.58
Including: Data Resources
Development Expenditures
Including: Data Resources
Goodwill
Long-term Deferred Expenses 2,797,798.04 3,054,632.19
Deferred Income Tax Assets
Other Non-current Assets
Total Non-current Assets 104,187,718.48 106,338,069.32
Total Assets 648,334,633.64 729,923,596.97
Current Liabilities:
Short-term Borrowings 168,400,000.00 203,925,721.98
Borrowings from Central Bank
Funds Borrowed
Trading Financial Liabilities
Derivative Financial Liabilities
Notes Payable 544,236.00 6,775,234.17
Accounts Payable 268,065,014.54 273,382,306.86
Advances from Customers 295,001.06
Contract Liabilities 8,782,780.98 8,426,313.45
Financial Assets Sold under
Repurchase Agreement
Deposits from Customers and
Interbank Deposits
Agent Trading Securities Funds
Agent Underwriting Securities Funds
Employee Benefits Payable 12,168,110.56 12,622,282.49
Taxes Payable 167,864.94 6,042,197.80
Other Payables 36,767,993.60 49,032,066.18
Including: Interest Payable
Dividend Payable
Handling Charges and Commissions
Payable
Reinsurance Accounts Payable
Liabilities Held for Sale
Non-current Liabilities Due within
One Year
Other Current Liabilities 821,780.54 10,920,413.23
Total Current Liabilities 496,280,867.02 642,321,450.94
Non-current Liabilities:
Insurance Contract Reserves
Nanjing Putian Telecommunications Co., Ltd.
Report for the First Quarter of 2026
Long-term Borrowings 70,000,000.00
Bonds Payable
Including: Preferred Shares
Perpetual Bonds
Lease Liabilities
Long-term Payables
Long-term Employee Compensation
Payable
Provisions
Deferred Revenue
Deferred Income Tax Liabilities
Other Non-current Liabilities
Total Non-current Liabilities 70,000,000.00
Total Liabilities 566,280,867.02 642,321,450.94
Owner's Equity:
Share Capital 215,000,000.00 215,000,000.00
Other Equity Instruments
Including: Preferred Shares
Perpetual Bonds
Capital Reserve 201,318,128.61 201,318,128.61
Less: Treasury Shares 2,995,076.96 2,995,076.96
Other Comprehensive Income -1,854,910.00 -1,854,910.00
Special Reserve
Surplus Reserve 589,559.77 589,559.77
General Risk Reserve
Undistributed Profit -410,318,378.65 -403,806,789.70
Total Owner's Equity Attributable to
Parent Company
Minority Interest 80,314,443.85 79,351,234.31
Total Owner's Equity 82,053,766.62 87,602,146.03
Total Liabilities and Owner's Equity 648,334,633.64 729,923,596.97
Legal Representative: Shen Xiaobing Person in Charge of Accounting Work: Zhang Jie Person in Charge of Accounting
Institution: Zhang Jingxia
Unit: RMB
Item Amount Incurred in the Current Period Amount Incurred in the Previous Period
I. Total Operating Revenue 103,691,109.91 137,018,953.06
Including: Operating Revenue 103,691,109.91 137,018,953.06
Interest Income
Premium Earned
Handling Charges and
Commission Income
II. Total Operating Costs 110,318,607.84 140,532,316.77
Including: Operating Costs 83,225,491.26 107,742,755.60
Interest Expenses
Handling Charges and
Commission Expenses
Surrender Value
Net Indemnity and Payment
Expenses
Net Provision for Insurance
Liabilities
Nanjing Putian Telecommunications Co., Ltd.
Report for the First Quarter of 2026
Policyholder Dividend
Expenses
Reinsurance Expenses
Taxes and Surcharges 267,508.01 486,571.03
Selling Expenses 10,769,622.24 13,378,168.32
Administrative Expenses 8,110,460.78 9,768,665.81
R&D Expenses 6,306,036.39 7,099,838.78
Financial Expenses 1,639,489.16 2,056,317.23
Including: Interest Expenses
Interest Income
Add: Other Income 559,151.90 903,171.41
Investment Income (losses are
indicated by "-")
Including: Investment
Income from Associates and Joint -129.47
Ventures
Income from
Derecognition of Financial Assets
Measured at Amortized Cost
Exchange Gains (losses are
indicated by "-")
Net Exposure Hedging Gains
(losses are indicated by "-")
Fair Value Change Gains (losses
are indicated by "-")
Credit Impairment Losses (losses
are indicated by "-")
Asset Impairment Losses (losses
are indicated by "-")
Asset Disposal Gains (losses are
indicated by "-")
III. Operating Profit (losses are indicated
-5,544,000.09 -2,550,959.87
by "-")
Add: Non-operating Income 335,645.49 61,397.32
Less: Non-operating Expenses 47.05 0.00
IV. Total Profit (total losses are indicated
-5,208,401.65 -2,489,562.55
by "-")
Less: Income Tax Expenses 339,977.76 770,256.35
V. Net Profit (net losses are indicated by
-5,548,379.41 -3,259,818.90
"-")
(I) Classification by Operating
Continuity
Operations (net losses are indicated by "- -5,548,379.41 -3,259,818.90
")
Operations (net losses are indicated by "-
")
(II) Classification by Ownership
-6,511,588.95 -4,768,833.34
of the Parent Company
Nanjing Putian Telecommunications Co., Ltd.
Report for the First Quarter of 2026
VI. Net Other Comprehensive Income
after Tax
Net Other Comprehensive Income
Attributable to Owners of the Parent
Company
(I) Other Comprehensive Income
that Cannot be Reclassified into Profit or
Loss
Benefit Plans
under Equity Method that Cannot be
Reclassified into Profit or Loss
Equity Instrument Investments
Enterprise's Own Credit Risk
(II) Other Comprehensive Income
that can be Reclassified into Profit or
Loss
under Equity Method that can be
Reclassified into Profit or Loss
Debt Investments
of Financial Assets Included in Other
Comprehensive Income
for Other Debt Investments
Statements Translation Difference
Net Other Comprehensive Income
Attributable to Minority Shareholders
VII. Total Comprehensive Income -5,548,379.41 -3,259,818.90
Total Comprehensive Income
Attributable to Owners of the Parent -6,511,588.95 -4,768,833.34
Company
Total Comprehensive Income
Attributable to Minority Shareholders
VIII. Earnings Per Share:
(I) Basic Earnings Per Share -0.03 -0.02
(II) Diluted Earnings Per Share -0.03 -0.02
In case of business combination under common control occurred in the current period, the net profit realized by the combinee
before the combination is: RMB, and the net profit realized by the combinee in the previous period is: RMB.
Legal Representative: Shen Xiaobing Person in Charge of Accounting Work: Zhang Jie Person in Charge of Accounting
Institution: Zhang Jingxia
Unit: RMB
Item Amount Incurred in the Current Period Amount Incurred in the Previous Period
I. Cash Flow from Operating Activities:
Nanjing Putian Telecommunications Co., Ltd.
Report for the First Quarter of 2026
Cash Received from Selling Goods
and Providing Services
Net Increase in Deposits from
Customers and Interbank Deposits
Net Increase in Borrowings from
Central Bank
Net Increase in Funds Borrowed from
Other Financial Institutions
Cash Received from Premiums of
Original Insurance Contracts
Net Cash Received from Reinsurance
Business
Net Increase in Policyholders'
Deposits and Investment Funds
Cash Received from Interest, Handling
Charges and Commissions
Net Increase in Funds Borrowed
Net Increase in Funds from
Repurchase Business
Net Cash Received from Agent
Trading of Securities
Tax Refunds Received 83,993.58 226,566.48
Other Cash Received Related to
Operating Activities
Subtotal of Cash Inflow from Operating
Activities
Cash Paid for Purchasing Goods and
Accepting Services
Net Increase in Loans and Advances
to Customers
Net Increase in Deposits with Central
Bank and Interbank Deposits
Cash Paid for Indemnities of Original
Insurance Contracts
Net Increase in Funds Lent
Cash Paid for Interest, Handling
Charges and Commissions
Cash Paid for Policyholder Dividends
Cash Paid to and for Employees 29,271,259.88 32,976,860.27
Cash Paid for Various Taxes 8,114,711.30 12,853,794.82
Other Cash Paid Related to Operating
Activities
Subtotal of Cash Outflow from
Operating Activities
Net Cash Flow from Operating Activities -41,793,121.58 -107,998,630.27
II. Cash Flow from Investing Activities:
Cash Received from Recovering
Investments
Cash Received from Investment
Income
Net Cash Received from Disposal of
Fixed Assets, Intangible Assets and 73,460.00
Other Long-term Assets
Nanjing Putian Telecommunications Co., Ltd.
Report for the First Quarter of 2026
Net Cash Received from Disposal of
Subsidiaries and Other Business Entities
Other Cash Received Related to
Investing Activities
Subtotal of Cash Inflow from Investing
Activities
Cash Paid for Acquiring and
Constructing Fixed Assets, Intangible 468,701.00
Assets and Other Long-term Assets
Cash Paid for Investments
Net Increase in Pledged Loans
Net Cash Paid for Acquiring
Subsidiaries and Other Business Entities
Other Cash Paid Related to Investing
Activities
Subtotal of Cash Outflow from Investing
Activities
Net Cash Flow from Investing Activities 145,778.48 -468,701.00
III. Cash Flow from Financing
Activities:
Cash Received from Capital
Contribution
Including: Cash Received from
Minority Shareholders' Investment in
Subsidiaries
Cash Received from Borrowings 80,800,000.00 7,750,000.00
Other Cash Received Related to
Financing Activities
Subtotal of Cash Inflow from Financing
Activities
Cash Paid for Repaying Debts 115,014,067.87 51,230,000.00
Cash Paid for Distributing Dividends,
Profits or Paying Interest
Including: Dividends and Profits
Paid by Subsidiaries to Minority
Shareholders
Other Cash Paid Related to Financing
Activities
Subtotal of Cash Outflow from
Financing Activities
Net Cash Flow from Financing Activities -46,604,266.12 -46,055,461.48
IV. Impact of Exchange Rate Changes on
Cash and Cash Equivalents
V. Net Increase in Cash and Cash
-88,249,456.72 -154,525,508.22
Equivalents
Add: Balance of Cash and Cash
Equivalents at the Beginning of the 180,051,598.36 288,328,064.43
Period
VI. Balance of Cash and Cash
Equivalents at the End of the Period
(II) Adjustments to Relevant Items of the Financial Statements at the Beginning of the
Year of the First Implementation of the New Accounting Standards Starting from 2026
□ Applicable Not Applicable
Nanjing Putian Telecommunications Co., Ltd.
Report for the First Quarter of 2026
(III) Audit Report
Whether the financial accounting report for the first quarter has been audited
□ Yes No
The financial accounting report for the first quarter of the Company has not been audited.
Nanjing Putian Telecommunications Co., Ltd.
Board of Directors
April 28, 2026
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