Summary of the Semi-annual Report 2025 of Nanjing Putian Telecommunications Co., Ltd.
Stock code: 200468 Stock abbreviation: NTX B Announcement No.: 2025-028
Summary of the Semi-annual Report 2025 of Nanjing Putian
Telecommunications Co., Ltd.
I. Important notes
The summary of this semi-annual report comes from the full text of the semi-annual report. In order to fully understand the
Company's operating results, financial situation and future development plan, investors should carefully read the full text of the
semi-annual report at the media designated by the CSRC.
All directors attended the board meeting at which this Annual Report was considered.
Prompt of modified audit opinions
□Applicable Not applicable
Proposals for profit distribution or capital increase from provident fund for the reporting period considered by the Board of
Directors
□Applicable Not applicable
The Company planned not to distribute cash dividends and bonus shares, or increase its share capital from provident fund.
Preferred share profit distribution proposal for the current reporting period adopted by resolution of the Board of Directors
□Applicable Not applicable
II. Basic information of the Company
Stock abbreviation NTX B Stock code 200468
Stock exchange Shenzhen Stock Exchange
Contact persons and contact information Secretary of the Board of Directors Securities representative
Name Li Jing Dai Yuan
Putian Technology Pioneer Park, No.8 Putian Technology Pioneer Park, No.8
Office address Fenghui Avenue, Yuhuatai District, Fenghui Avenue, Yuhuatai District,
Nanjing City, Jiangsu Province Nanjing City, Jiangsu Province
Tel. 025-69675805 025-69675865
E-mail lijing@postel.com.cn daiyuan@postel.com.cn
Does the Company need to retroactively adjust or restate the accounting data of previous years
□Yes No
Amount of the Amount of the same Amount of the
reporting period period of the previous reporting period
Summary of the Semi-annual Report 2025 of Nanjing Putian Telecommunications Co., Ltd.
year increased or decreased
over the same period of
the previous year (%)
Operating revenue (yuan) 306,314,118.65 348,986,240.92 -12.23%
Net profit attributable to shareholders of the listed
-7,153,201.29 -9,457,810.54 24.37%
company (yuan)
Net profit attributable to shareholders of the listed
company after deducting non-recurring gains and -7,409,442.36 -11,897,403.65 37.72%
losses (yuan)
Net cash flow from operating activities (yuan) -132,265,585.54 -122,220,010.91 -8.22%
Basic earnings per share (yuan/share) -0.03 -0.04 25.00%
Diluted earnings per share (yuan/share) -0.03 -0.04 25.00%
Weighted average return on net assets -66.39% -861.91% 795.52%
Amount at the end of
the reporting period
Amount at the end of Amount at the end of
increased or decreased
the reporting period the previous year
over the end of the
previous year (%)
Total assets (yuan) 691,778,871.09 838,023,763.76 -17.45%
Net assets attributable to shareholders of the listed
company (yuan)
Note:During the reporting period, the company's operating income decreased year-on-year mainly due to the exclusion of the
operating income of the parent company, Nanjing Nanman Electrical Co., Ltd. (the operating income of Nanjing Nanman Electric
Co., Ltd. in the same period of the previous year was 52.99 million yuan) ;The net assets attributable to shareholders of the listed
company include an increase of 3.105 million yuan in other capital reserves during the current period.
Unit: share
Total number of preferred shareholders
Total number of common
whose voting rights were restored at the
shareholders at the end of 7,052 0
end of the reporting period (if any) (see
the reporting period
Note 8)
Shareholding of the top 10 shareholders (excluding shares lent through refinancing)
Pledge, marking or
Shareholde Type of Shareholdi Number of non-tradable freezing
Number of shares held
r name shareholder ng ratio shares held Shares
Quantity
status
CETC State-
Glarun owned Not
Group Co., legal applicable
Ltd. person
Natural
Not
He Wei person in 1.86% 4,000,100.00 0.00 0
applicable
China
Shenwan
Overseas
Hongyuan Not
legal 1.41% 3,027,288.00 0.00 0
Securities applicable
person
(H.K.) Ltd.
Summary of the Semi-annual Report 2025 of Nanjing Putian Telecommunications Co., Ltd.
Natural
Zheng Not
person in 1.14% 2,449,739.00 0.00 0
Enyue applicable
China
China
Merchants Overseas
Not
Securities legal 1.05% 2,257,114.00 0.00 0
applicable
(HK) Co., person
Ltd.
Natural
Not
Gu Jinhua person in 0.87% 1,871,371.00 0.00 0
applicable
China
Natural
Wu Not
person in 0.62% 1,340,000.00 0.00 0
Wenhui applicable
China
Natural
Not
Chen Rulei person in 0.58% 1,255,700.00 0.00 0
applicable
China
Natural
Zhen Not
person in 0.55% 1,191,900.00 0.00 0
Hongquan applicable
China
Natural
Li Not
person in 0.55% 1,177,400.00 0.00 0
Mingling applicable
China
Description of the above-
Among the top 10 shareholders, CETC Glarun Group Co., Ltd. was not related to other shareholders
mentioned shareholders'
and was not a party acting in concert. The Company did not know whether other shareholders were
association or concerted
related to each other or were parties acting in concert.
actions
Description of
shareholders participating
in margin financing and None
securities lending business
(if 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.
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
the top 10 holders of unlimited tradable shares
□Applicable Not applicable
Changes of controlling shareholder during the reporting period
□Applicable Not applicable
During the reporting period, the Company’s controlling shareholder did not change.
Change of actual controller during the reporting period
□Applicable Not applicable
The actual controller of the Company was not changed during the reporting period.
Summary of the Semi-annual Report 2025 of Nanjing Putian Telecommunications Co., Ltd.
shareholders
□Applicable Not applicable
During the reporting period, there was no shareholding of preferred shareholders.
□Applicable Not applicable
III. Important matters
During the reporting period, the Company adhered to Xi Jinping’s Thought on Socialism with Chinese
Characteristics for a New Era as its guiding principle, fully implemented the tenets of the Third Plenary Session
of the 20th CPC Central Committee, resolutely carried out the decisions and deployments of the Party
Leadership Group of CETC and the Party Committee of CETC Glarun, acted proactively, closely focused on its
principal responsibilities and main business development, and coordinated key tasks such as strategic guidance,
optimization of existing assets, compliance management, and institutional reform to comprehensively propel the
Company’s high-quality development to a new level.
businesses
In the first half of 2025, the Company targeted its principal responsibilities and main businesses in the
cyberspace information sector, concentrated on industry main lines—“basic communication networks,
multimedia communication products and solutions, and intelligent lighting products”—leveraged the
advantages of the CETC platform to optimize its industrial layout, and organized each business division to
remain focused on niche segments, thereby shaping and strengthening core capabilities; while maintaining the
scale of traditional industries, the Company actively explored new business directions to lay a solid foundation
for its next stage of high-quality development.
For the intelligent cabling business, the Company seized the domestic substitution trend, strove to secure the
high-end market for replacing imported products in industries demanding high reliability—such as finance,
airports, and healthcare—and simultaneously intensified R&D in energy storage, and broadband optical
network products; it won bids for the annual framework procurement project of NR Electric Co., Ltd. and the
digital-intelligence project of the China-Europe Freight Train (Zhengzhou) Assembly Center; its integrated
cabling products were successfully applied in Jinhua Fifth Hospital and the Jiangdong New Campus of the First
Affiliated Hospital of Hainan Medical University. The Company achieved significant results in green product
certification and low-carbon scenario applications: it obtained the Product Carbon Footprint Certificate for its
optical cable assemblies and digital cables, and, in accordance with the guidelines in GB/T 32150-2015, it
secured the Greenhouse Gas Quantification Evaluation Certificate.
For the intelligent conferencing business, the Company deepened cooperation with Huawei, adopted a joint-
innovation model to define and design the tri-screen “Zhichen” co-creation product for high-end government
and enterprise customers; it strengthened implementation of key ongoing projects such as those of Postal
Savings Bank of China and China Investment, and saw its new self-developed information publishing terminal
product successfully applied in the group-wide procurement project of China National Offshore Oil Corporation;
it also won bids for the audiovisual equipment project of Sinopec’s information infrastructure construction, the
Summary of the Semi-annual Report 2025 of Nanjing Putian Telecommunications Co., Ltd.
video conferencing project of the China Development Bank, and the video conferencing project of ChinaBond
Jinshi.
For the intelligent lighting business, alongside traditional intelligent street lighting, the Company focused on
developing products and solutions with independent intellectual property rights—such as smart light poles,
streetlight energy storage systems, and centralized controllers; it actively expanded its customer base in key
government and power sectors, strengthened collaborations with smart city operators and lighting integrators,
and won bids for the framework cooperation project of Beijing Fortune Lighting System Engineering Co., Ltd.
and the 2025 material agreement inventory procurement project of State Grid Beijing Shunyi Power Supply
Company. The new production lines introduced high-speed surface-mount technology (SMT) machines and
precision inspection instruments, significantly enhancing overall assembly efficiency and product quality.
For precision manufacturing, the Company continued investing in precision machining equipment, optimized
production management models, steadily increased machining capacity, advanced research on new material
processing techniques, developed capabilities for special and non-metallic material processing, and achieved a
significant improvement in processing capacity compared to the previous year.
The Company focused on core technology innovation, continuously deepened its technological accumulation in
the cyber information sector, and consolidated its core competitive advantages. Centered on key areas—
physical connectivity in communications, multimedia communications and solutions, building intelligent and
integrated cabling, energy-saving and energy storage technologies, and smart lighting—the Company
accelerated product optimization and solution innovation, committed to improving customer satisfaction and
market competitiveness, and steadily advanced toward its goal of becoming a leading domestic provider of
products and solutions.
For intelligent cabling products, the Company successfully developed and applied the high-performance
“Fengshang” series UTP cables; its 800G–1.6T pre-terminated optical cabling system entered trial use and won
the bid for a 400G patch-cord project; and its optoelectronic hybrid cabling products have been applied in
multiple key projects. For intelligent conferencing products, the “Ruijing” conferencing system underwent
architectural optimization and integration with mainstream platforms/large models; the Ruijing IoT-based
centralized control system achieved low-code design and development of core functions; and the Ruijing
information publishing system completed platform adaptation and customization enhancements. For intelligent
lighting products, new products such as the energy-storage streetlight system and the mains power centralized
controller achieved market breakthroughs.
During the reporting period, the Company reinforced Party-building leadership, concentrated on core priorities,
solidified the foundation for development, and achieved new results in high-quality Party-building to safeguard
its growth. It deepened strategic guidance, focused on two core fields—communication infrastructure support
and customized intelligent applications—determined technical and business layouts for each industry, and
conducted systematic planning for market and product technologies. Focusing on the parent company’s loss-
reduction targets, the Company continued developing its precision manufacturing business, substantially
enhanced its precision manufacturing capabilities, further optimized its organizational structure by closing loss-
making divisions, intensified efforts for “recovering accounts receivable and clearing inventory debts” and
procurement cost reduction, strengthened cost controls, and continued cost reduction and efficiency
improvement to enhance operational performance.
Summary of the Semi-annual Report 2025 of Nanjing Putian Telecommunications Co., Ltd.
During the reporting period, the Company achieved operating revenue of 306.31 million yuan, a year-on-year
decrease of 12.23%; The net profit attributable to shareholders of the listed company was -7.15 million yuan, a
year-on-year loss decrease of 24.37%.
Board of Directors of Nanjing Putian Telecommunications Co., Ltd.
August 5, 2025
