Report for the Third Quarter of 2025 of Nanjing Putian Telecommunications Co. Ltd.Stock code: 200468 Stock abbreviation: NTX B Announcement No.: 2025-042

Nanjing Putian Telecommunications Co. Ltd.Report for the Third Quarter of 2025

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 directors 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 financial accounting 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 of the Amount from the

reporting period Amount from the beginning of the year to

Amount of the increased or decreased beginning of the year the end of the reporting

reporting period over the same period to the end of the period increased or

of the previous year reporting period decreased over the

(%) same period of theprevious year

Operating revenue (yuan) 144783524.12 -7.95% 451097642.77 -10.90%

Net profit attributable to

shareholders of the listed -8025274.43 29.36% -15178475.72 27.09%

company (yuan)

Net profit attributable to

shareholders of the listed

company after deducting -11622416.10 -1.03% -19031858.46 18.67%

non-recurring gains and

losses (yuan)

1Report for the Third Quarter of 2025 of Nanjing Putian Telecommunications Co. Ltd.

Net cash flow from

operating activities (yuan) — — -171034593.40 -3.67%

Basic earnings per share

(yuan/share) -0.037 29.57% -0.071 26.80%

Diluted earnings per share

(yuan/share) -0.037 29.57% -0.071 26.80%

Weighted average return

on net assets -127.58% -189.28% -224.47% -418.34%

Amount at the end of Amount at the end of Amount at the end of the reporting period

the reporting period the previous year increased or decreased over the end of theprevious year (%)

Total assets (yuan) 684250210.34 838023763.76 -18.35%

Owners' equity attributable

to shareholders of the 2534798.34 14351013.02 -82.34%

listed company (yuan)

(II) Non-recurring profit and loss items and amounts

□Applicable □Not applicable

Unit: yuan

Amount of the reporting Amount from the beginning ofItem period the year to the end of the Remarksreporting period

Profits and losses on disposal of non-

current assets (including the write-off

part of the provision for impairment of 0.00 -16680.80

assets)

Government subsidies included in the

current profits and losses (except those

closely related to the Company's normal

business operations and those

conforming to national policies enjoyed 980607.94 1294607.94

according to certain standards and

having a continuous impact on the

Company's profits and losses)

Reversal of impairment provision for

accounts receivable separately tested for 64531.61 82252.78

impairment

Profit and loss of debt restructuring 337555.28 480166.03

Other non-operating revenue and

expenses other than the above items 2684377.49 2719438.28

Less: Affected amount of revenue tax 226054.92 291114.37

Affected amount of minority

shareholders' equity (after tax) 243875.73 415287.12

Total 3597141.67 3853382.74 --

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 - Non-recurring Profits and Losses as recurring profit and

loss items.

2Report for the Third Quarter of 2025 of Nanjing Putian Telecommunications Co. Ltd.

(III) Changes in major accounting data and financial indicators and the reasons

□Applicable □Not applicable

During the reporting period the net profit attributable to shareholders of the listed company improved with the

loss narrowing by 29.36% compared to the same period of the previous year. This improvement was primarily

due to the Company’s focus on its principal responsibilities and core businesses proactive expansion into key

industry markets and stringent cost and expense controls to reduce costs and enhance efficiency.The weighted average return on net assets in the reporting period decreased by 189.28% compared to the same

period of the previous year mainly due to the negative net assets at the end of the same period of the previous

year.For the period from the beginning of the year to the end of the reporting period the weighted average return on

net assets decreased by 418.34% compared to the same period of the previous year mainly due to the negative

net assets at the end of the same period of the previous year.At the end of the reporting period the owners' equity attributable to shareholders of the listed company

decreased by 82.34% compared to the end of the previous year mainly due to operating losses.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

shareholders at the end of the 6992 Total number of preferred shareholders whose voting

reporting period rights were restored at the end of the reporting period

0

Shareholding of the top 10 shareholders (excluding shares lent through refinancing)

Shareholder Type of Shareholding Number of shares Number of non- Pledge marking or freezing

name shareholder ratio held tradable sharesheld Shares status Quantity

CETC Glarun State-owned

Group Co. Ltd. legal person 53.49% 115000000.00 115000000.00 Not applicable 0

He Wei Natural personin China 1.87% 4009800.00 0 Not applicable 0

Shenwan

Hongyuan Overseas legal

Securities (H.K.) person 1.41% 3027288.00 0 Not applicable 0

Ltd.Zheng Enyue Natural personin China 1.14% 2449739.00 0 Not applicable 0

Gu Jinhua Natural personin China 0.87% 1871371.00 0 Not applicable 0

China

Merchants Overseas legal

Securities (HK) person 0.80% 1723514.00 0 Not applicable 0

Co. Ltd.UOB KAY

HIAN (HONG Overseas legal

KONG) person 0.73% 1579731.00 0 Not applicable 0

LIMITED

Wu Wenhui Natural personin China 0.62% 1340000.00 0 Not applicable 0

Chen Rulei Natural personin China 0.58% 1255500.00 0 Not applicable 0

3Report for the Third Quarter of 2025 of Nanjing Putian Telecommunications Co. Ltd.

Li Mingling Natural personin China 0.55% 1177400.00 0 Not applicable 0

Shareholding of the top 10 tradable share holders (excluding shares lent through refinancing and shares locked by senior

executives)

Type and quantity of shares

Shareholder name Number of listed and tradable shares held

Type of shares Quantity

He Wei 4009800.00 Domestic listedforeign shares 4009800.00

Shenwan Hongyuan Securities 3027288.00 Domestic listed(H.K.) Ltd. foreign shares 3027288.00

Zheng Enyue 2449739.00 Domestic listedforeign shares 2449739.00

Gu Jinhua 1871371.00 Domestic listedforeign shares 1871371.00

China Merchants Securities (HK) 1723514.00 Domestic listedCo. Ltd. foreign shares 1723514.00

UOB KAY HIAN (HONG 1579731.00 Domestic listedKONG) LIMITED foreign shares 1579731.00

Wu Wenhui 1340000.00 Domestic listedforeign shares 1340000.00

Chen Rulei 1255500.00 Domestic listedforeign shares 1255500.00

Li Mingling 1177400.00 Domestic listedforeign shares 1177400.00

Peng Hexin 1168800.00 Domestic listedforeign shares 1168800.00

Among the above-mentioned shareholders CETC Glarun Group Co. Ltd.Description of the above-mentioned shareholders' was not related to other shareholders and was not a party acting in concert.association or concerted actions 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

margin financing and securities lending business (if N/A

any)

Note: As of the end of the reporting period the special securities repurchase account of Nanjing Putian Telecommunications Co.Ltd. held 2099752 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

(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

4Report for the Third Quarter of 2025 of Nanjing Putian Telecommunications Co. Ltd.

IV. Quarterly financial statements

(I) Financial statements

1. Consolidated balance sheet

Prepared by: Nanjing Putian Telecommunications Co. Ltd.September 30 2025

Unit: yuan

Item Closing balance Opening balance

Current assets:

Monetary capital 76520977.66 292600989.80

Settlement reserve

Lending funds

Trading financial assets

Derivative financial assets

Notes receivable 7916407.06 542048.95

Accounts receivable 372370138.25 293535326.34

Financing with accounts receivable 9248249.20 34520299.04

Prepayments 6621106.70 2227763.86

Premium receivable

Reinsurance accounts receivable

Provision for reinsurance contract

receivable

Other receivables 8350685.41 6859962.77

Including: interest receivable

Dividend receivable

Financial assets bought for resale

Inventories 85135733.24 87136190.30

Including: Data resources

Contract assets

Assets held for sale

Non-current assets due within one year

Other current assets 3428021.21 1226580.06

Total current assets 569591318.73 718649161.12

Non-current assets:

Loans and advances

Investments in bonds

Other investments in bonds

Long-term receivables

Long-term equity investment 10412571.93 10412683.37

Other equity instrument investments 741953.00 741953.00

Other non-current financial assets

Investment real estate 5130396.42 5547238.47

Fixed assets 82186229.00 85757024.11

Construction in progress

Productive biological assets

Oil and gas assets

Right-of-use assets 2252336.80 2447793.04

Intangible assets 11334238.84 11672324.70

Including: Data resources

Development expenditure

Including: Data resources

Goodwill

Long-term unamortized expenses 2601165.62 2076305.95

5Report for the Third Quarter of 2025 of Nanjing Putian Telecommunications Co. Ltd.

Deferred income tax assets 0.00 0.00

Other non-current assets 0.00 719280.00

Total non-current assets 114658891.61 119374602.64

Total assets 684250210.34 838023763.76

Current liabilities:

Short loan 95138001.75 128127987.75

Loans from the central bank

Loans from other banks

Trading financial liabilities

Derivative financial liabilities

Notes payable 7219108.60 10122225.75

Accounts payable 273124613.88 349342179.21

Accounts received in advance 236005.32

Contract liability 9411873.27 24794919.13

Financial assets sold under repurchase

agreements

Deposits from customers and

interbank

Receivables from vicariously traded

securities

Receivables from vicariously sold

securities

Employee remuneration payable 12678737.21 17066962.98

Taxes payable 293193.79 8459692.52

Other payables 48922337.35 41918074.35

Including: interest payable

Dividend payable 11044600.00

Service charges and commissions

payable

Reinsurance accounts payable

Liabilities held for sale

Non-current liabilities due within one

year 87071797.72 88060659.43

Other current liabilities 882145.34 3125042.32

Total current liabilities 534741808.91 671253748.76

Non-current liabilities:

Insurance contract reserves

Long-term loans 70000000.00 70000000.00

Bonds payable

Including: Preferred shares

Perpetual bond

Lease liabilities 840373.96 840373.96

Long-term payables

Long-term remuneration payable

Estimated liabilities

Deferred income

Deferred income tax liabilities

Other non-current liabilities

Total non-current liabilities 70840373.96 70840373.96

Total liabilities 605582182.87 742094122.72

Owners' equity:

Share capital 215000000.00 215000000.00

Other equity instruments

Including: preferred shares

Perpetual bond

Capital reserves 201318128.62 197955867.58

Less: Treasury shares 2995076.96 2995076.96

Other comprehensive income -1854910.00 -1854910.00

6Report for the Third Quarter of 2025 of Nanjing Putian Telecommunications Co. Ltd.

Special reserves

Surplus reserves 589559.77 589559.77

Provision for general risks

Undistributed profits -409522903.09 -394344427.37

Total owners' equity attributable to

parent company 2534798.34 14351013.02

Minority shareholders' equity 76133229.13 81578628.02

Total owners' equity 78668027.47 95929641.04

Total liabilities and owners' equity 684250210.34 838023763.76

Legal representative: Shen Xiaobing Person in charge of accounting: Zhang Jie Person in charge of accounting institution: Zhang

Jingxia

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 451097642.77 506270411.34

Including: operating revenue 451097642.77 506270411.34

Interest income

Premiums earned

Income from service charges

and commissions

II. Total operating costs 465337287.44 523892432.95

Including: operating costs 358298743.21 390362856.92

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 2147114.00 3322944.49

Sales expenses 42060834.41 54749234.54

Management expenses 34377056.40 42643699.01

Research and development

expenses 22148349.05 25970700.19

Financial expenses 6305190.37 6842997.80

Including: Interest expense 6378045.35 7332903.68

Interest income 348233.09 568499.39

Plus: Other income 3138366.98 2843971.32

Investment income (“-” for

losses) 480054.59 1101296.89

Including: Income from

investment in associated enterprises and

joint ventures

Income from

derecognition of financial assets

measured at amortized cost

Exchange profits ("-" for losses)

Income from net exposure

7Report for the Third Quarter of 2025 of Nanjing Putian Telecommunications Co. Ltd.

hedging (“-” for losses)

Income from changes in fair

value (“-” for losses)

Credit impairment losses ("-" for

losses) -996808.61 1171120.30

Asset impairment losses ("-" for

losses) -1497.98

Asset disposal income ("-" for

losses) -16680.80 -468.86

III. Operating profit ("-" for losses) -11634712.51 -12507599.94

Plus: Non-operating revenue 2991841.76 2962430.59

Less: Non-operating expenditure 270903.48 1405722.30IV. Total profit ("-” for total losses) -8913774.23 -10950891.65

Less: Income tax expense 928588.44 2376869.14

V. Net profit (“-” for net losses) -9842362.67 -13327760.79

(I) Classification by business

continuity

1. Net profit from continuing

operations (“-” for net losses) -9842362.67 -13327760.79

2. Net profit from discontinuation of

operation (“-” for net losses)

(II) Classification by ownership

1. Net profit attributable to

shareholders of the parent company (“-” -15178475.72 -20818714.86

for net losses)

2. Profit and loss of minority

shareholders ("-" for net losses) 5336113.05 7490954.07

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

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

8Report for the Third Quarter of 2025 of Nanjing Putian Telecommunications Co. Ltd.

comprehensive income attributable to

minority shareholders

VII. Total comprehensive income -9842362.67 -13327760.79

(I) Total comprehensive income

attributable to owners of the parent -15178475.72 -20818714.86

company

(II) Total comprehensive income

attributable to minority shareholders 5336113.05 7490954.07

VIII. Earnings per share:

(I) Basic earnings per share -0.071 -0.097

(II) Diluted earnings per share -0.071 -0.097

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: Shen Xiaobing Person in charge of accounting: Zhang Jie Person in charge of accounting institution: Zhang

Jingxia

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

providing labor services 342347876.77 406533105.10

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 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 1317070.23 1936263.82

Cash received relating to other

operating activities 25765476.77 76901621.23

Subtotal of cash inflow from operating

activities 369430423.77 485370990.15

Cash paid for purchasing goods and

receiving labor services 367587214.00 407540129.33

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

9Report for the Third Quarter of 2025 of Nanjing Putian Telecommunications Co. Ltd.

Cash for paying policy dividends

Cash paid to and for employees 100635750.19 113614822.54

Various taxes paid 24226124.89 23602428.35

Payment of other payments related to

business activities 48015928.09 105597719.09

Subtotal of cash outflow from operating

activities 540465017.17 650355099.31

Net cash flow from operating activities -171034593.40 -164984109.16

II. Cash Flow from Investing Activities:

Cash from disinvestment

Cash from investment income

Net cash received from disposal of

fixed assets intangible assets and other 15500.00 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

activities 15500.00 40.00

Cash paid for the purchase and

construction of fixed assets intangible 2160623.00 1080085.68

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 3609938.47

Subtotal of cash outflow from investing

activities 2160623.00 4690024.15

Net cash flow from investing activities -2145123.00 -4689984.15

III. Cash flow from financing activities:

Cash received from accepting

investment

Including: cash received by

subsidies from minority shareholders'

investments

Cash received from borrowings 95138001.75 138426680.27

Cash from other financing related

activities

Subtotal of cash inflow from financing

activities 95138001.75 138426680.27

Cash paid for debt repayment 128000000.00 64547019.95

Cash paid for distributing dividends

profits or paying interest 7006306.31 16726798.47

Including: dividends and profits

paid by subsidiaries to minority

shareholders

Cash paid for other financing related

activities 1003448.22

Subtotal of cash outflow from financing

activities 136009754.53 81273818.42

Net cash flow from financing activities -40871752.78 57152861.85

IV. Impacts of exchange rate changes on

cash and cash equivalents -2715.47

V. Net Increase in cash and cash

equivalents -214054184.65 -112521231.46

Plus: Balance of cash and cash

equivalents at the beginning of the period 288328064.43 164177680.11

VI. Cash and cash equivalents at end of

year 74273879.78 51656448.65

10Report for the Third Quarter of 2025 of Nanjing Putian Telecommunications Co. Ltd.

(II) Initial implementation of the new accounting standards in 2025: Adjustments of

relevant items in the financial statements at the beginning of the year

□Applicable□Not applicable

(III) Audit report

Has the financial accounting report for the third quarter been audited

□Yes□No

The financial accounting report for the third quarter has not been audited.Board of Directors of Nanjing Putian Telecommunications Co. Ltd.October 29 2025

11