Short Form of the Stock: Foshan Electrical & Lighting (A-Share), Yue Electrical & Lighting B (B-Share)
Stock Code: 000541 (A-Share), 200541(B-Share) Announcement No.: 2010-048
Foshan Electrical and Lighting Co., Ltd
The Third Quarterly Report 2010
§1 Important Notice
1.1 The Board of Directors, the Supervisory Committee as well as directors,
supervisors and senior executives of Foshan Electrical and Lighting Co., Ltd.
(hereinafter referred to as the Company) guarantee that there are no significant
omissions, fictitious or misleading statements carried in the Report and will take
individual and joint responsibilities for the truthfulness, accuracy and completeness of
the Report.
1.2 None of the directors demonstrated uncertainty or disagreement about the
truthfulness, accuracy, and completeness of this quarterly report.
1.3 The Financial Report of the third quarterly report period has not been audited.
1.4 Zhong Xincai, person in charge of the Company and Chief Financial Officer, and
Wang Shuqiong, person in charge of accounting organ, hereby confirm that the
financial report enclosed in this report is true and complete.
§2 Company Profile
2.1 Main accounting data and financial indices
Unit: EMB Yuan
30 Sep. 2010 31 Dec. 2009 Increase/decrease (%)
Total assets (Yuan) 3,044,376,557.10 2,995,100,164.41 1.65%
Owner’s equity attributable to shareholders of
listed company (Yuan)
2,660,542,374.28 2,660,099,988.21 0.02%
Share capital (Share) 978,563,745.00 978,563,745.00 0.00%
Net assets per share attributable to
shareholders of listed company (Yuan/share)
2.72 2.72 0.00%
Jul.-Sep. 2010
Increase/decrease
year-on-year (%)
Jan.-Sep. 2010
Increase/decrease
year-on-year (%)
Operating revenue (Yuan)
497,501,586.9
9
-12.08%
1,321,861,931.
64
1.24%
Net profit attributable to shareholders of listed
company (Yuan)
82,085,840.73 29.82% 162,903,608.69 21.20%
Net cash flow arising from operating activities - - 76,255,089.28 -76.74%(Yuan)
Net cash flow per share arising from operating
activities (Yuan/share)
- - 0.08 -76.74%
Basic earnings per share (Yuan/share) 0.08 33.33% 0.17 21.43%
Diluted earnings per share (Yuan/share) 0.08 33.33% 0.17 21.43%
Weighted average return on equity (%) 3.09% 0.64% 6.12% 1.07%
Weighted average return on equity after
deducting non-recurring gains and losses (%)
3.27% 0.90% 6.18% 1.10%
Items of non-recurring gains and losses
Amount from the year-begin to the
end of report period
Note
Gains and losses from disposal of non-current assets 113,318.19
Government subsidies recorded into current gains and losses,
excluding government subsidies with close relationship with the
Company’s business and rationed government grants in line with the
united standard and the state policy
1,372,111.77
Capital occupied from non-financial enterprise recorded into current
gains and losses
64,875.10
Gains and losses from changes in fair value due to transaction financial
assets and liabilities, and investment income from disposal of
transaction financial assets, transaction financial liabilities and
financial assets available for sale, excluding valid hedging related to
routine operation of the Company
178,118.10
Other non-operating income and expense except the aforesaid items -3,537,167.93
Impact on income tax 257,007.05
Other gains and losses accorded with definition of non-current gains
and losses
8,943.17
Total -1,542,794.55 -
2.2 Total number of shareholders at the end of the report period and statement on
shares held by the top ten shareholders with shares not subject to trading moratorium
Unit: share
Total number of shareholders at the period-end 130,710
The top ten shareholders holding shares not subject to trading moratorium
Full name of shareholders
Number of shares not subject to trading
moratorium held at the period-end
Type of share
Prosperity Lamps and Components Ltd. 102,751,648 RMB ordinary share
China Construction Bank-China Advantage
Growth Stock Fund
36,147,934 RMB ordinary shareDBS VICKERS (HONG KONG) LTD A/C
CLIENTS
12,794,881 Domestically listed foreign share
Taifook Securities Company Limited-Account
Client
10,758,212 Domestically listed foreign share
Bank of China-E Fund Shenzhen Stock 100
Transaction Open-ended Index Fund
9,578,484 RMB ordinary share
EAST ASIA SECURITIES COMPANY
LIMITED
9,527,080 Domestically listed foreign share
ICBC-Lion Stock Fund 8,458,435 RMB ordinary share
Bank of China-First-Trust Goodquality Life
Stock Fund
8,169,949 RMB ordinary share
Industrial & Commercial Bank of
China-Rongtong Shen Securities 100 Index Fund
6,396,288 RMB ordinary share
Guangzhou Prosperity Lamps and Components
Trade Co., Ltd
4,911,140 RMB ordinary share
§3 Significant Events
3.1 Significant changes in major accounting data, financial highlights and reasons for
these changes
√Applicable □Inapplicable
1. Monetary capital decreased 32.84% year-on-year, mainly because the Company
increase capital on investment;
2. Financial assets available for sale increased 100% year-on-year, mainly because the
Company transferred in items of long-tem equity investment of equities of China
Everbright Bank in this year;
3. Long-term equity increased 57.9% year-on-year, mainly because the Company
increase investment in this year;
4. Loss from assets impairment increased 304.50% year-on-year, mainly because
withdrawal of bad debt reserves increased in this year;
5. Income from investment decreased 76.89% year-on-year, mainly because bonus
received from invested companies decreased in current year;
6. Net cash flow arising from operating activities decreased 76.74% year-on-year,
mainly because expenses for operating activities increased in current year;
3.2 The progress of significant events and its influence, as well as the analysis and
explanation on solutions
3.2.1 About non-standard opinion
□Applicable √Inapplicable
3.2.2 The Company offer capital to the controlling shareholder or other related parties
and provide external guarantees in violation of the prescribed procedures.
□Applicable √Inapplicable3.2.3 Signing contract and execution of significant contract on routine operation
□Applicable √Inapplicable
3.2.4 Others
√Applicable □Inapplicable
1. The Company published public notice on Increasing Investment in Qinghai Fozhao
Lithium Energy Exploitation Co., Ltd on 15 Jul. 2010, and the Company paid RMB
8,769,260 as registered capital. Relevant work on increasing investment has been
completed.
2. The Company published public notice on Official Purchase of 20% equity of Hefei
GuoXuan High-tech Power Energy Co., Ltd held by Hefei GuoXuan Marketing
Scheme Co., Ltd on 15 Jul. 2010, and relevant woke on purchase and transfer has
been completed. Hefei GuoXuan High-tech Power Energy Co., Ltd reviewed and
approved resolutions of the shareholders’ general meeting on 10 Aug. 2010, which
approved to increase capital, introduce new strategic partner to invest RMB
88,800,000. After increasing capital ,the registered capital of the Company was RMB
111,100,000. Equity held by the Company was changed to 18.0018%.
3. The Company published public notice on Signing Letter of Intent on cooperation of
LED Project on 3 Aug. 2010, and the Company is testing samples provided by
BridgeLux Inc.
4. The Company published public notice on Starting Establishment of Qinghai Fozhao
Lithium Ion Battery Cathode Materials Co., Ltd on 18 Aug. 2010. Up to 30 Sep. 2010,
record of registration was still in progress according to relevant procedures.
5. Proposal on Authorizing Operating Team to Prepare Production of Lithium Ion
Battery and Integration of PACK Base was reviewed and approved at the 4th Meeting
of the 6th Board of Directors of the Company, and the project was in progress of
preparation.
6. The Company published public notice on Signing Letter of Intent with PIHSIANG
MACHINERY MFG. CO., LTD on 20 Aug. 2010, detailed cooperation project was in
progress of negotiation.
3.3 The fulfillment of the commitment made by the Company, shareholders and the
actual controller
√Applicable □Inapplicable
Commitment
Commitment
maker
Content Execution
Commitment on share merger
reform
OSRAM Holding
Co., Ltd
Special commitments: 1. No listing and transfer
may be taken within 60 months as of the date
when the shares of the Company held by this
company obtain the trading right [i] or before
Dec. 31, 2011 [ii] (taking the earlier date between
[i] and [ii]). OSRAM Holding Co., Ltd would
submit Shenzhen Stock Exchange to lock up the
said shares in the course of the moratorium of
Under executiontrading right of the aforesaid shares after transfer
of the shares.
2. Germany OSRAM Company would purchase
the lamp products from FSL in accordance with
the clauses of the Purchase Contract on Lamp
Products signed between Germany OSRAM
Company and FSL on Aug. 31, 2004.
3. As required by FSL, OSRAM PROSPERITY
should urge Germany OSRAM Company to
provide the relevant technology abidance and
skill to FSL in accordance with the clauses and
conditions negotiated between FSL and Germany
OSRAM Company.
Commitment made in merger
report or report on change of
equity
Naught Naught Naught
Commitment made when
reorganization of significant
assets
Naught Naught Naught
Commitment made when
offering
Naught Naught Naught
Other commitments (including
added commitment)
Naught Naught Naught
3.4 Warnings of possible loss or large-margin change of the accumulated net profit
made during the period from the beginning of the year to the end of the next report
period compared with the same period of the last year according to prediction, as well
as explanations on the reasons
□Applicable √Inapplicable
3.5 Other significant events need to be explained
3.5.1 Securities Investment
√Applicable □Inapplicable
Unit: RMB Yuan
Serial
numbe
r
Securities variety
Securities
code
Short form
of
securities
Initial
investment
amount
(RMB)
Number of
shares held at
the
period-end
(share)
Book value at
period-end
(RMB)
Proportion in
total
securities
investment at
period-end
(%)
Profits or
losses in the
report period
1 0 0 0.00 0 0.00 0.00% 0.00
Other securities investment held at the period-end 0.00 - 0.00 0.00% 0.00Profits or losses of securities sold in the report period - - - - 178,118.10
Total 0.00 - 0.00 100% 178,118.10
Explanation on securities investment
Up to the end of report period, there was no securities investment on financial assets
available for sale.
3.5.2 Researches, interviews and visits received in report period
Reception time Reception place Reception way Visitor Main discussion and materials provided
1 Jul. 2010 The Company Field research
Guangdong New Value
Investment Co., Ltd
Inquired about the production and
operation of the Company
7 Jul. 2010 The Company Field research
Shenyin & Wanguo
Securities
Inquired about the production and
operation of the Company
7 Jul. 2010 The Company Field research
ICBC Credit Suisse
Asset Management
Inquired about the production and
operation of the Company
14 Jul. 2010 The Company Field research Dongguan Securities
Inquired about the production and
operation of the Company
20 Jul. 2010 The Company Field research Guosen Securities
Inquired about the production and
operation of the Company
20 Jul. 2010 The Company Field research GoldState Securities
Inquired about the production and
operation of the Company
20 Jul. 2010 The Company Field research FCS
Inquired about the production and
operation of the Company
20 Jul. 2010 The Company Field research Citic international
Inquired about the production and
operation of the Company
20 Jul. 2010 The Company Field research
Boyer Allan Investment
Manage ment
Inquired about the production and
operation of the Company
20 Jul. 2010 The Company Field research Invesco Securities
Inquired about the production and
operation of the Company
20 Jul. 2010 The Company Field research China Post Fund
Inquired about the production and
operation of the Company
20 Jul. 2010 The Company Field research
Xiaoniu Asset
Management
Inquired about the production and
operation of the Company
20 Jul. 2010 The Company Field research
ICBC Credit Suisse
Asset Management
Inquired about the production and
operation of the Company
20 Jul. 2010 The Company Field research
ZRGX Assets
Management
Inquired about the production and
operation of the Company
11 Aug. 2010 The Company Field research China Merchants Fund
Inquired about the production and
operation of the Company
27 Aug. 2010 The Company Field research
KBC GoldState Fund
Management
Inquired about the production and
operation of the Company
3.6 Investment of financial derivatives□Applicable √Inapplicable
3.6.1 Financial derivatives held during this report period
□Applicable √Inapplicable
