2025年年度报告（英文版）

Nanjing Putian Telecommunications Co., Ltd.Annual Report 20251Nanjing Putian Telecommunications Co., Ltd.Annual Report 2025[April 2026]Nanjing Putian Telecommunications Co., Ltd.Annual Report 20252Annual Report 2025Section I Important Notes, Contents and InterpretationsThe Board of Directors, directors and senior executives of the Companyguarantee the truthfulness, accuracy and completeness of the Annual Report,and ensure that there are no false records, misleading statements or majoromissions, and they will be held individually and jointly liable for any legalliability that may arise.Shen Xiaobing, the person in charge of the Company, and Zhang Jie, theperson in charge of accounting work, and Zhang Jingxia, the person in chargeof the accounting institution (accounting supervisor), declare that: theyguarantee the truthfulness, accuracy and completeness of the financial reportsin this Annual Report.All directors have attended the board meeting where this report wasdeliberated.This Annual Report contains forward-looking statements concerningfuture plans such as the Company's business plan. It is important to note thatthese plans do not constitute a substantive commitment to investors, andinvestors and related parties should exercise sufficient risk awareness andcarefully consider the differences among plans, forecasts, and commitments.In "Section III Discussion and Analysis of the Management Team", theCompany has provided an analysis of the potential risks that may affect theNanjing Putian Telecommunications Co., Ltd.Annual Report 20253Company's development. We encourage investors to review this sectioncarefully.The Company plans not to distribute cash dividends, issue bonus shares,or convert surplus reserve into share capital.As of the end of the reporting period, the parent company has anaccumulated deficit. The accumulated undistributed profit on the parentcompany's financial statements is -496,761,090.96 RMB, and that on theconsolidated financial statements is -403,806,789.70 RMB. The Company is notyet eligible for profit distribution. In light of the Company's actual operatingconditions, the Company plans not to distribute cash dividends, issue bonusshares, or convert surplus reserve into share capital for the year 2025.Investors are kindly requested to pay attention to this situation and be awareof investment risks.Nanjing Putian Telecommunications Co., Ltd.Annual Report 20254Table of ContentsSection I Important Notes, Contents and Interpretations..................................................................................... 2Section II Company Profile and Main Financial Indicators................................................................................. 7Section III Management's Discussion and Analysis............................................................................................. 12Section IV Corporate Governance, Environmental and Social Responsibility.................................................31Section V Im