Report for the First Quarter of 2013 of Foshan Electrical and Lighting Co., Ltd.
Foshan Electrical and Lighting Co., Ltd.
Report for the First Quarter of 2013
April 2013
1
Report for the First Quarter of 2013 of Foshan Electrical and Lighting Co., Ltd.
Section I. Important Reminders
The Board of Directors, the Supervisory Committee, directors, supervisors and senior management
staff of Foshan Electrical and Lighting Co., Ltd. (hereinafter referred to as “the Company”) warrant
that the information carried in this report is factual, accurate and complete, without any false record,
misleading statement or material omission. And they shall be jointly and severally liable for that.
Zhong Xincai, company principal, Zhong Xincai, chief of the accounting work, and Wang Shuqiong,
chief of the accounting organ (chief of accounting), hereby confirm that the financial statements
enclosed in this report are factual, accurate and complete.
All directors have attended the board session for reviewing this report except the following:
Name Position Reason for not attending the session in person Name of the proxy
Dou linping Independent director ON business Liu zhenping
Ye zaiyou Director ON business Zhong xincai
Michel Jean-paul Director ON business Wu shengbo
Henri
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Report for the First Quarter of 2013 of Foshan Electrical and Lighting Co., Ltd.
Section II. Financial Highlights & Change of Shareholders
I. Financial highlights
Does the Company adjust retrospectively or restate any accounting data of previous years?
□ Yes √ No
Jan.-Mar. 2013 Jan.-Mar. 2012 +/- (%)
Operating revenues (RMB Yuan) 545,647,478.43 491,445,026.36 11.03%
Net profit attributable to shareholders of the
67,284,479.26 56,925,457.34 18.2%
Company (RMB Yuan)
Net profit attributable to shareholders of the
Company after extraordinary gains and losses 65,924,831.88 56,734,856.01 16.2%
(RMB Yuan)
Net cash flows from operating activities (RMB
53,546,284.40 154,906,190.86 -65.43%
Yuan)
Basic EPS (RMB Yuan/share) 0.07 0.06 16.67%
Diluted EPS (RMB Yuan/share) 0.07 0.06 16.67%
Weighted average ROE (%) 2.25% 2% 0.25%
31 Mar. 2013 31 Dec. 2012 +/- (%)
Total assets (RMB Yuan) 3,612,469,576.55 3,448,274,301.82 4.76%
Net assets attributable to shareholders of the
3,020,793,963.40 2,950,106,976.17 2.4%
Company (RMB Yuan)
Items and amounts of extraordinary gains and losses
√ Applicable □ Inapplicable
Unit: RMB Yuan
Item 31 Dec. 2012-31 Mar. 2013 Explanations
Gain/loss on the disposal of non-current assets (including the
1,563,940.25
offset part of the asset impairment provisions)
Government grants recognized in the current period, except for
those acquired in the ordinary course of business or granted at
42,249.99
certain quotas or amounts according to the government’s unified
standards
Capital occupation charges on non-financial enterprises that are
119,371.52
recorded into current gains and losses
Gains and losses on change in fair value from tradable financial 34,850.73
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Report for the First Quarter of 2013 of Foshan Electrical and Lighting Co., Ltd.
assets and tradable financial liabilities, as well as investment
income from disposal of tradable financial assets and tradable
financial liabilities and financial assets available for sales except
for effective hedging related with normal businesses of the
Company
Non-operating income and expense other than the above -154,400.56
Other gain and loss items that meet the definition of an
0.14
extraordinary gain/loss
Income tax effects 246,364.69
Total 1,359,647.38 --
II. Total number of shareholders at the period-end and shareholdings of top 10 shareholders
Unit: share
Total number of shareholders at the
150,773
period-end
Shareholdings of top 10 shareholders
Number of Pledged or frozen shares
Name of Nature of Shareholding Total shares held
restricted shares
shareholder shareholder percentage (%) at the period-end Status of shares Number of shares
held
OSRAM
HOLDING Foreign
13.47% 131,815,685 131,815,685
COMPANY corporation
LIMITED
PROSPERITY
LAMPS & Foreign
10.5% 102,751,648 0
COMPONENTS corporation
LIMITED
DBS
VICKERS(HON Foreign
1.57% 15,352,188 0
G KONG) LTD corporation
A/C CLIENTS
Domestic natural
ZHANG YUAN 1.06% 10,371,501 0
person
EAST ASIA
SECURITIES Foreign
0.97% 9,527,080 0
COMPANY corporation
LIMITED
TAIFOOK Foreign
0.97% 9,519,911 0
SECURITIES corporation
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Report for the First Quarter of 2013 of Foshan Electrical and Lighting Co., Ltd.
COMPANY
LIMITED-ACCO
UNT CLIENT
ZHUANG Foreign natural
0.85% 8,324,132 0
JIANYI person
GUANGZHOU
PROSPERITY
Domestic
LAMPS &
non-state-owned 0.57% 5,586,815 0
COMPONENTS
corporation
TRADE CO.,
LTD.
Domestic natural
ZHAO XIYI 0.32% 3,100,000 0
person
Domestic natural
GUO XIAN 0.27% 2,642,700 0
person
Shareholdings of top 10 non-restricted shareholders
Variety of shares
Name of shareholder Number of non-restricted shares held
Variety Number
PROSPERITY LAMPS & RMB ordinary
102,751,648 102,751,648
COMPONENTS LIMITED shares
Domestically
DBS VICKERS(HONG KONG)
15,352,188 listed foreign 15,352,188
LTD A/C CLIENTS
shares
RMB ordinary
ZHANG YUAN 10,371,501 10,371,501
shares
Domestically
EAST ASIA SECURITIES
9,527,080 listed foreign 9,527,080
COMPANY LIMITED
shares
TAIFOOK SECURITIES Domestically
COMPANY LIMITED-ACCOUNT 9,519,911 listed foreign 9,519,911
CLIENT shares
Domestically
ZHUANG JIANYI 8,324,132 listed foreign 8,324,132
shares
GUANGZHOU PROSPERITY
RMB ordinary
LAMPS & COMPONENTS 5,586,815 5,586,815
shares
TRADE CO., LTD.
RMB ordinary
ZHAO XIYI 3,100,000 3,100,000
shares
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Report for the First Quarter of 2013 of Foshan Electrical and Lighting Co., Ltd.
Domestically
GUO XIAN 2,642,700 listed foreign 2,642,700
shares
THE CUSTOMER CREDIT
TRADING GUARANTEE
RMB ordinary
SECURITIES ACCOUNT OF 2,465,609 2,465,609
shares
SHENYIN & WANGUO
SECURITIES CO. LTD.
Among the top ten shareholders of the Company, Prosperity Lamps & Components Limited
Explanation on associated and Zhuang Jianyi exist related relationship, and they are acting-in-concert. Apart from this,
relationship or persons acting in it’s unknown whether there is any associated relationship among other shareholders of the top
concert among the above-mentioned ten shareholders and the top ten non-restricted shareholders, or whether there is any
shareholders: action-in-concert among them regarding to Administrative Measures on Acquisition of Listed
Companies.
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Report for the First Quarter of 2013 of Foshan Electrical and Lighting Co., Ltd.
Section III. Significant Events
I. Significant changes of the major accounting statement items and financial indicators for the
reporting period, as well as the reasons for these changes
1. Major movements of the balance sheet items and reasons for the movements
(1) Accounts receivable increased 34.37% over the year-begin, which was mainly because the operating revenues
increased.
(2) Prepayments increased 364.94% over the year-begin, which was mainly because the prepayments for materials
increased.
(3) Interest receivable increased 41.36% over the year-begin, which was mainly because the interest on term
deposits increased.
(4) Accounts payable increased 31.81% over the year-begin, which was mainly because the payables for materials
increased.
(5) Accounts received in advance increased 80.67% over the year-begin, which was mainly because the advances
from customers increased.
2. Major movements of the income statement items and reasons for the movements
(1) Asset impairment loss increased 100% over the same period of last year, which was mainly because the
bad-debt provisions increased.
(2) Gain on fair value changes decreased 170% over the same period of last year, which was mainly because of
the fair value changes of the invested funds.
(3) Investment gain increased 34.42% over the same period of last year, which was mainly because of the gain on
investees measured at the equity method.
(4) Non-operating income increased 15880.98% over the same period of last year, which was mainly because the
governmental energy-saving subsidy was recognized as income according to the Notice No. 3 of the State
Administration of Taxation for 2013.
(5) Non-operating expense increased 240.41% over the same period of last year, which was mainly because of the
administrative penalties.
3. Major movements of the cash flow statement items and reasons for the movements
(1) Net cash flows due to operating activities decreased 65.43% over the same period of last year, which was
mainly because no tax/fare rebates were received and the cash paid for goods and services increased.
(2) Net cash flows due to investing activities increased 426.88% over the same period of last year, which was
mainly because the Company retook the cash put into previous investing activities.
II. Progress of significant events and analysis & explanations on their influence and solutions
Inapplicable
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Report for the First Quarter of 2013 of Foshan Electrical and Lighting Co., Ltd.
III. Commitments made by the Company or any shareholder with a shareholding over 5% in
the reporting period or such commitments carried down into the reporting period
Naught
IV. Predict the operating results of Jan.-Jun. 2013
Warning of possible loss or considerable YoY change of the accumulated net profit made during the period-begin
to the end of the next reporting period according to prediction, as well as explanations on the reasons:
□ Applicable √ Inapplicable
V. Securities investments
Sharehold Sharehold Gain/loss
Initial Number Number Closing
ing ing for
investmen of shares of shares book
Variety of Code of Name of percentag percentag reporting Accounti Source of
t cost held at held at value
securities securities securities e at e at period ng title securities
(RMB period-be period-en (RMB
period-be period-en (RMB
Yuan) gin d Yuan)
gin d Yuan)
5,000,000 3,977,878
Fund
.00 .02
5,000,000 3,977,878
Total -- -- -- --
.00 .02
Disclosure date of the board
announcement of securities 25 Nov. 2010
investment approval
Explain shareholdings in other listed companies:
Up to 31 Mar. 2013, the Company held 23,546,768 shares of China Everbright Bank, market value of MRB
75,820,592.96 yuan.
VI. Derivative investments
Derivative investments held at period-end:
□ Applicable √ Inapplicable
VII. Researches, visits and interviews received in the reporting period
Main discussion and
Time of reception Place of reception Way of reception Visitor type Visitor materials provided by the
Company
China Securities Operation situation of the
16 Jan. 2013 The Company Field research Institution
Co., Ltd. Company
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Report for the First Quarter of 2013 of Foshan Electrical and Lighting Co., Ltd.
Section IV. Financial Statements
I. Financial statements
1. Consolidated balance sheet
Prepared by Foshan Electrical and Lighting Co., Ltd.
Unit: RMB Yuan
Item Closing balance Opening balance
Current Assets:
Monetary funds 1,068,580,029.58 985,450,890.74
Settlement reserves
Intra-group lendings
Transactional financial assets 3,977,878.02 4,012,728.75
Notes receivable 160,527,679.52 175,907,019.08
Accounts receivable 448,804,918.42 334,006,892.19
Accounts paid in advance 57,575,488.78 12,383,426.98
Premiums receivable
Reinsurance premiums receivable
Receivable reinsurance contract
reserves
Interest receivable 749,955.55 530,542.81
Dividend receivable
Other accounts receivable 52,864,595.84 56,196,390.54
Financial assets purchased under
agreements to resell
Inventories 382,836,290.21 434,541,386.19
Non-current assets due within 1 year
Other current assets 2,935,179.47
Total current assets 2,175,916,835.92 2,005,964,456.75
Non-current assets:
Loans by mandate and advances
granted
Available-for-sale financial assets 75,820,592.96 71,817,642.40
Held-to-maturity investments
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Report for the First Quarter of 2013 of Foshan Electrical and Lighting Co., Ltd.
Long-term accounts receivable
Long-term equity investment 519,266,362.52 519,693,431.95
Investing property
Fixed assets 522,735,565.02 539,145,022.38
Construction in progress 88,980,526.94 95,684,569.86
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 166,204,850.73 150,424,391.76
R&D expense
Goodwill
Long-term deferred expenses
Deferred income tax assets 21,525,142.46 23,003,056.72
Other non-current assets 42,019,700.00 42,541,730.00
Total of non-current assets 1,436,552,740.63 1,442,309,845.07
Total assets 3,612,469,576.55 3,448,274,301.82
Current liabilities:
Short-term borrowings
Borrowings from Central Bank
Customer bank deposits and due to
banks and other financial institutions
Intra-group borrowings
Transactional financial liabilities
Notes payable
Accounts payable 325,120,219.50 246,652,513.45
Accounts received in advance 35,469,046.45 19,632,316.50
Financial assets sold for repurchase
Handling charges and commissions
payable
Employee’s compensation payable 44,194,688.54 63,086,369.68
Tax payable 76,677,956.10 58,992,047.62
Interest payable
Dividend payable
Other accounts payable 36,441,552.30 37,085,568.58
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Report for the First Quarter of 2013 of Foshan Electrical and Lighting Co., Ltd.
Reinsurance premiums payable
Insurance contract reserves
Payables for acting trading of
securities
Payables for acting underwriting of
securities
Non-current liabilities due within 1
year
Other current liabilities
Total current liabilities 517,903,462.89 425,448,815.83
Non-current liabilities:
Long-term borrowings
Bonds payable
Long-term payables
Specific payables
Estimated liabilities
Deferred income tax liabilities 6,869,267.48 6,268,824.89
Other non-current liabilities 19,272,441.69 19,353,441.69
Total non-current liabilities 26,141,709.17 25,622,266.58
Total liabilities 544,045,172.06 451,071,082.41
Owners’ equity (or shareholders’
equity)
Paid-up capital (or share capital) 978,563,745.00 978,563,745.00
Capital reserves 628,998,265.04 625,595,757.07
Less: Treasury stock
Specific reserves
Surplus reserves 622,494,531.96 622,494,531.96
Provisions for general risks
Retained profits 790,737,421.40 723,452,942.14
Foreign exchange difference
Total equity attributable to owners of
3,020,793,963.40 2,950,106,976.17
the Company
Minority interests 47,630,441.09 47,096,243.24
Total owners’ (or shareholders’) equity 3,068,424,404.49 2,997,203,219.41
Total liabilities and owners’ (or
3,612,469,576.55 3,448,274,301.82
shareholders’) equity
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Report for the First Quarter of 2013 of Foshan Electrical and Lighting Co., Ltd.
Legal representative: Zhong Xincai Person-in-charge of the accounting work: Zhong Xincai
Chief of the accounting division: Wang Shuqiong
2. Balance sheet of the Company
Prepared by Foshan Electrical and Lighting Co., Ltd.
Unit: RMB Yuan
Item Closing balance Opening balance
Current Assets:
Monetary funds 770,510,044.07 699,511,754.78
Transactional financial assets 3,977,878.02 4,012,728.75
Notes receivable 157,662,303.72 167,509,926.71
Accounts receivable 490,808,293.49 362,956,611.71
Accounts paid in advance 43,009,625.44 12,705,111.19
Interest receivable
Dividend receivable
Other accounts receivable 81,224,089.82 82,043,309.37
Inventories 347,444,109.14 389,680,405.66
Non-current assets due within 1 year
Other current assets 2,935,179.47
Total current assets 1,894,636,343.70 1,721,355,027.64
Non-current assets:
Available-for-sale financial assets 75,820,592.96 71,817,642.40
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investment 869,749,899.75 880,176,969.18
Investing property
Fixed assets 427,538,878.79 443,001,716.36
Construction in progress 60,067,985.97 66,216,618.10
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 146,333,310.86 130,800,094.82
R&D expense
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Report for the First Quarter of 2013 of Foshan Electrical and Lighting Co., Ltd.
Goodwill
Long-term deferred expenses
Deferred income tax assets 19,186,139.34 20,724,220.91
Other non-current assets 41,755,700.00 41,783,700.00
Total of non-current assets 1,640,452,507.67 1,654,520,961.77
Total assets 3,535,088,851.37 3,375,875,989.41
Current liabilities:
Short-term borrowings
Transactional financial liabilities
Notes payable
Accounts payable 345,451,165.51 265,603,565.11
Accounts received in advance 35,396,351.73 19,586,999.28
Employee’s compensation payable 44,179,211.68 63,084,499.68
Tax payable 74,190,888.77 58,950,265.18
Interest payable
Dividend payable
Other accounts payable 39,231,656.36 38,631,089.33
Non-current liabilities due within 1
year
Other current liabilities
Total current liabilities 538,449,274.05 445,856,418.58
Non-current liabilities:
Long-term borrowings
Bonds payable
Long-term payables
Specific payables
Estimated liabilities
Deferred income tax liabilities 6,869,267.48 6,268,824.89
Other non-current liabilities 10,176,191.74 10,218,441.73
Total non-current liabilities 17,045,459.22 16,487,266.62
Total liabilities 555,494,733.27 462,343,685.20
Owners’ equity (or shareholders’
equity)
Paid-up capital (or share capital) 978,563,745.00 978,563,745.00
Capital reserves 625,897,438.10 622,494,930.13
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Report for the First Quarter of 2013 of Foshan Electrical and Lighting Co., Ltd.
Less: Treasury stock
Specific reserves
Surplus reserves 622,494,531.96 622,494,531.96
Provisions for general risks
Retained profits 752,638,403.04 689,979,097.12
Foreign exchange difference
Total owners’ (or shareholders’) equity 2,979,594,118.10 2,913,532,304.21
Total liabilities and owners’ (or
3,535,088,851.37 3,375,875,989.41
shareholders’) equity
Legal representative: Zhong Xincai Person-in-charge of the accounting work: Zhong Xincai
Chief of the accounting division: Wang Shuqiong
3. Consolidated income statement
Prepared by Foshan Electrical and Lighting Co., Ltd.
Unit: RMB Yuan
Item Jan.-Mar. 2013 Jan.-Mar. 2012
I. Total operating revenues 545,647,478.43 491,445,026.36
Including: Sales income 545,647,478.43 491,445,026.36
Interest income
Premium income
Handling charge and
commission income
II. Total operating cost 503,965,806.89 423,210,091.98
Including: Cost of sales 439,134,675.82 365,429,816.71
Interest expenses
Handling charge and
commission expenses
Surrenders
Net claims paid
Net amount withdrawn for the
insurance contract reserve
Expenditure on policy dividends
Reinsurance premium
Taxes and associate charges 6,429,699.63 5,603,859.85
Selling and distribution expenses 20,120,169.57 21,487,349.54
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Report for the First Quarter of 2013 of Foshan Electrical and Lighting Co., Ltd.
Administrative expenses 32,810,246.20 32,836,699.33
Financial expenses -1,541,106.77 -2,147,633.45
Asset impairment loss 7,012,122.44
Add: Gain/(loss) from change in fair
-34,850.73 49,786.75
value (“-” means loss)
Gain/(loss) from investment (“-”
-427,069.43 -651,260.75
means loss)
Including: share of profits in associates
and joint ventures
Foreign exchange gains (“-” means
loss)
III. Business profit (“-” means loss) 41,219,751.38 67,633,460.38
Add: non-operating income 42,626,301.13 266,731.44
Less: non-operating expense 693,195.09 203,637.76
Including: loss from non-current asset
disposal
IV. Total profit (“-” means loss) 83,152,857.42 67,696,554.06
Less: Income tax expense 15,334,180.31 11,860,439.46
V. Net profit (“-” means loss) 67,818,677.11 55,836,114.60
Including: Net profit achieved by
combined parties before the
combinations
Attributable to owners of the
67,284,479.26 56,925,457.34
Company
Minority shareholders’ income 534,197.85 -1,089,342.74
VI. Earnings per share -- --
(I) Basic earnings per share 0.07 0.06
(II) Diluted earnings per share 0.07 0.06
Ⅶ. Other comprehensive incomes 3,402,507.98 -600,442.58
Ⅷ. Total comprehensive incomes 71,221,185.09 55,235,672.02
Attributable to owners of the
70,686,987.24 56,325,014.76
Company
Attributable to minority
534,197.85 -1,089,342.74
shareholders
Legal representative: Zhong Xincai Person-in-charge of the accounting work: Zhong Xincai
Chief of the accounting division: Wang Shuqiong
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Report for the First Quarter of 2013 of Foshan Electrical and Lighting Co., Ltd.
4. Income statement of the Company
Prepared by Foshan Electrical and Lighting Co., Ltd.
Unit: RMB Yuan
Item Jan.-Mar. 2013 Jan.-Mar. 2012
I. Total sales 545,005,125.35 471,003,990.78
Less: cost of sales 442,725,855.04 349,580,711.55
Business taxes and surcharges 5,893,459.70 4,719,993.24
Distribution expenses 19,772,931.21 20,357,461.25
Administrative expenses 32,268,333.86 27,204,211.75
Financial costs 145,407.57 -1,305,752.53
Impairment loss 7,471,876.24
Add: gain/(loss) from change in fair
-34,850.73 49,786.75
value (“-” means loss)
Gain/(loss) from investment (“-” means
-1,806,341.94 -651,260.75
loss)
Including: income form investment on
associates and joint ventures
II. Business profit (“-” means loss) 34,886,069.06 69,845,891.52
Add: non-business income 42,546,316.52 205,833.90
Less: non-business expense 667,839.47 149,317.38
Including: loss from non-current asset
disposal
III. Total profit (“-” means loss) 76,764,546.11 69,902,408.04
Less: income tax expense 14,105,240.19 11,632,479.42
IV. Net profit (“-” means loss) 62,659,305.92 58,269,928.62
V. Earnings per share -- --
(I) Basic earnings per share
(II) Diluted earnings per share
VI. Other comprehensive income 3,402,507.98 -600,442.58
VII. Total comprehensive income 66,061,813.90 57,669,486.04
Legal representative: Zhong Xincai Person-in-charge of the accounting work: Zhong Xincai
Chief of the accounting division: Wang Shuqiong
16
Report for the First Quarter of 2013 of Foshan Electrical and Lighting Co., Ltd.
5. Consolidated cash flow statement
Prepared by Foshan Electrical and Lighting Co., Ltd.
Unit: RMB Yuan
Item Jan.-Mar. 2013 Jan.-Mar. 2012
I. Cash flows from operating activities:
Cash received from sale of
559,487,109.30 507,231,146.26
commodities and rendering of service
Net increase of deposits from
customers and dues from banks
Net increase of loans from the central
bank
Net increase of funds borrowed from
other financial institutions
Cash received from premium of
original insurance contracts
Net cash received from reinsurance
business
Net increase of deposits of policy
holders and investment fund
Net increase of disposal of tradable
financial assets
Cash received from interest, handling
charges and commissions
Net increase of intra-group
borrowings
Net increase of funds in repurchase
business
Tax refunds received 31,631,469.58
Other cash received relating to
6,142,776.63 5,720,676.68
operating activities
Subtotal of cash inflows from operating
565,629,885.93 544,583,292.52
activities
Cash paid for goods and services 301,054,809.10 243,922,868.25
Net increase of customer lendings
and advances
Net increase of funds deposited in the
central bank and amount due from
banks
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Report for the First Quarter of 2013 of Foshan Electrical and Lighting Co., Ltd.
Cash for paying claims of the original
insurance contracts
Cash for paying interest, handling
charges and commissions
Cash for paying policy dividends
Cash paid to and for employees 99,175,415.42 86,034,045.40
Various taxes paid 42,692,168.52 25,380,958.90
Other cash payment relating to
69,161,208.49 34,339,229.11
operating activities
Subtotal of cash outflows from
512,083,601.53 389,677,101.66
operating activities
Net cash flows from operating activities 53,546,284.40 154,906,190.86
II. Cash flows from investing activities:
Cash received from withdrawal of
45,210,000.00
investments
Cash received from return on
investments
Net cash received from disposal of
fixed assets, intangible assets and other
long-term assets
Net cash received from disposal of
subsidiaries or other business units
Other cash received relating to
investing activities
Subtotal of cash inflows from
45,210,000.00
investing activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 14,887,205.45 9,276,371.43
assets
Cash paid for investment
Net increase of pledged loans
Net cash paid to acquire subsidiaries
and other business units
Other cash payments relating to
investing activities
Subtotal of cash outflows from
14,887,205.45 9,276,371.43
investing activities
Net cash flows from investing activities 30,322,794.55 -9,276,371.43
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Report for the First Quarter of 2013 of Foshan Electrical and Lighting Co., Ltd.
III. Cash Flows from Financing
Activities:
Cash received from capital
contributions
Including: Cash received from
minority shareholder investments by
subsidiaries
Cash received from borrowings
Cash received from issuance of
bonds
Other cash received relating to
financing activities
Subtotal of cash inflows from financing
activities
Repayment of borrowings
Cash paid for interest expenses and
distribution of dividends or profit
Including: dividends or profit paid
by subsidiaries to minority shareholders
Other cash payments relating to
financing activities
Sub-total of cash outflows from
financing activities
Net cash flows from financing activities
IV. Effect of foreign exchange rate
-739,940.11 48,306.00
changes on cash and cash equivalents
V. Net increase in cash and cash
83,129,138.84 145,678,125.43
equivalents
Add: Opening balance of cash and
985,450,890.74 690,691,751.15
cash equivalents
VI. Closing balance of cash and cash
1,068,580,029.58 836,369,876.58
equivalents
Legal representative: Zhong Xincai Person-in-charge of the accounting work: Zhong Xincai
Chief of the accounting division: Wang Shuqiong
6. Cash flow statement of the Company
Prepared by Foshan Electrical and Lighting Co., Ltd.
19
Report for the First Quarter of 2013 of Foshan Electrical and Lighting Co., Ltd.
Unit: RMB Yuan
Item Jan.-Mar. 2013 Jan.-Mar. 2012
I. Cash flows from operating activities:
Cash received from sale of
545,189,875.30 508,864,833.10
commodities and rendering of service
Tax refunds received 31,631,469.58
Other cash received relating to
4,173,976.08 4,229,887.25
operating activities
Subtotal of cash inflows from operating
549,363,851.38 544,726,189.93
activities
Cash paid for goods and services 328,309,213.53 265,105,110.31
Cash paid to and for employees 87,646,430.38 75,120,881.93
Various taxes paid 34,463,156.05 20,460,324.74
Other cash payment relating to
67,769,690.60 27,955,413.08
operating activities
Subtotal of cash outflows from
518,188,490.56 388,641,730.06
operating activities
Net cash flows from operating activities 31,175,360.82 156,084,459.87
II. Cash flows from investing activities:
Cash received from retraction of
53,830,727.49
investments
Cash received from return on
investments
Net cash received from disposal of
fixed assets, intangible assets and other
long-term assets
Net cash received from disposal of
subsidiaries or other business units
Other cash received relating to
investing activities
Subtotal of cash inflows from
53,830,727.49
investing activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 13,267,858.91 6,871,783.48
assets
Cash paid for investment
Net cash paid to acquire subsidiaries
and other business units
20
Report for the First Quarter of 2013 of Foshan Electrical and Lighting Co., Ltd.
Other cash payments relating to
investing activities
Subtotal of cash outflows from
13,267,858.91 6,871,783.48
investing activities
Net cash flows from investing activities 40,562,868.58 -6,871,783.48
III. Cash Flows from Financing
Activities:
Cash received from capital
contributions
Cash received from borrowings
Cash received from issuance of
bonds
Other cash received relating to
financing activities
Subtotal of cash inflows from financing
activities
Repayment of borrowings
Cash paid for interest expenses and
distribution of dividends or profit
Other cash payments relating to
financing activities
Sub-total of cash outflows from
financing activities
Net cash flows from financing activities
IV. Effect of foreign exchange rate
-739,940.11 48,278.34
changes on cash and cash equivalents
V. Net increase in cash and cash
70,998,289.29 149,260,954.73
equivalents
Add: Opening balance of cash and
699,511,754.78 412,626,723.50
cash equivalents
VI. Closing balance of cash and cash
770,510,044.07 561,887,678.23
equivalents
Legal representative: Zhong Xincai Person-in-charge of the accounting work: Zhong Xincai
Chief of the accounting division: Wang Shuqiong
21
Report for the First Quarter of 2013 of Foshan Electrical and Lighting Co., Ltd.
II. Audit report
Is this report audited?
□ Yes √ No
Board of Directors
Foshan Electrical and Lighting Co., Ltd.
24 April 2013
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