Report for the Third Quarter of 2013 of Foshan Electrical and Lighting Co., Ltd.
Foshan Electrical and Lighting Co., Ltd.
Report for the Third Quarter of 2013
October 2013
1
Report for the Third Quarter of 2013 of Foshan Electrical and Lighting Co., Ltd.
Section I. Important Reminders
The Board of Directors, the Supervisory Committee as well as all directors, supervisors and senior
management staff of Foshan Electrical and Lighting Co., Ltd. (hereinafter referred to as “the
Company”) warrant that 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.
All directors attended the board session for reviewing this report.
The financial statements for the third quarter of 2013 have not been audited by a CPAs firm.
Pan Jie, company principal, Pan Jie, chief of the accounting work, and Yin Jianchun, chief of the
accounting organ (chief of accounting), hereby confirm that the financial statements enclosed in this
report are factual, accurate and complete.
This report is prepared in both Chinese and English. Should there be any discrepancy between the
two versions, the Chinese version shall prevail.
2
Report for the Third Quarter of 2013 of Foshan Electrical and Lighting Co., Ltd.
Section II. Financial Highlights & Change of Shareholders
I. Major accounting data and financial indexes
Does the Company adjust retrospectively or restate accounting data of previous years due to change of the
accounting policy or correction of any accounting error?
□ Yes √ No
30 Sept. 2013 31 Dec. 2012 Increase/decrease (%)
Total assets (RMB Yuan) 3,501,765,627.53 3,448,274,301.82 1.55%
Net assets attributable to
shareholders of the Company 2,883,200,310.37 2,950,106,976.17 -2.27%
(RMB Yuan)
YoY increase/decrease YoY increase/decrease
Jul.-Sept. 2013 Jan.-Sept. 2013
(%) (%)
Operating revenues (RMB Yuan) 684,057,904.65 30.58% 1,892,318,350.71 19.15%
Net profit attributable to
shareholders of the Company 88,004,196.93 6.6% 241,051,488.30 11.04%
(RMB Yuan)
Net profit attributable to
shareholders of the Company after
89,872,355.06 9.26% 236,536,179.01 8.54%
extraordinary gains and losses
(RMB Yuan)
Net cash flows from operating
-- -- 14,149,279.79 -95.4%
activities (RMB Yuan)
Basic EPS (RMB Yuan/share) 0.09 12.5% 0.25 13.64%
Diluted EPS (RMB Yuan/share) 0.09 12.5% 0.25 13.64%
Weighted average ROE (%) 3.12% 0.13% 8.73% 1.24%
Items and amounts of extraordinary gains and losses
√Applicable □Inapplicable
Unit: RMB Yuan
Item Amount as of Jan.-Sept. 2013 Note
Gains/losses on the disposal of non-current assets (including the
12,044,369.46
offset part of asset impairment provisions)
Government grants recognized in the current period, except for
those acquired in the ordinary course of business or granted at
917,226.97
certain quotas or amounts according to the country’s unified
standards
3
Report for the Third Quarter of 2013 of Foshan Electrical and Lighting Co., Ltd.
Capital occupation charges on non-financial enterprises that
967,831.94
recorded into current gains and losses
Gains and losses on change in fair value from tradable financial
assets and tradable financial liabilities, as well as investment
income from disposal of tradable financial assets and tradable
1,305,968.44
financial liabilities and financial assets available for sales except
for effective hedging related with normal businesses of the
Company
Other non-operating income and expenses other than the above -10,069,034.88
Other gain/loss items that meet the definition of an extraordinary
2.84
gain/loss
Less: Income tax effects 651,055.48
Total 4,515,309.29 --
Explain the reasons if the Company classifies an item as an extraordinary gain/loss according to the definition in
the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the
Public—Extraordinary Gains and Losses, or classifies any extraordinary gain/loss item mentioned in the said
explanatory announcement as a recurrent gain/loss item
□Applicable √ Inapplicable
II. Total number of shareholders at the period-end and shares held by the top ten
shareholders
Unit: share
Total number of shareholders at the
146,387
period-end
Shares held by the top ten shareholders
Number of the Pledged or frozen shares
Name of Nature of Shareholding Number of the
restricted shares
shareholder shareholder percentage (%) shares held Status of shares Number of shares
held
OSRAM Holding
Foreign
Company 13.47% 131,815,685 131,815,685
corporation
Limited
Prosperity Lamps
Foreign
& Components 10.5% 102,751,648 0
corporation
Limited
DBS VICKERS
(HONK KONG) Foreign
1.52% 14,900,439 0
LTD A/C corporation
CLIENTS
EAST ASIA Foreign 0.97% 9,527,080 0
4
Report for the Third Quarter of 2013 of Foshan Electrical and Lighting Co., Ltd.
SECURITIES corporation
COMPANY
LIMITED
Domestic natural
Zhang Yuan 0.9% 8,800,000 0
person
Taifook
Securities
Foreign
Company 0.86% 8,399,267 0
corporation
Limited-Account
Client
Foreign natural
Zhuang Jianyi 0.85% 8,324,132 0
person
Guangzhou
Domestic
Prosperity Lamps
non-state-owned 0.57% 5,586,815 0
& Components
corporation
Trade Co., Ltd.
BBH A/C
VANGUARD
EMERGING Foreign
0.47% 4,592,770 0
MARKETS corporation
STOCK INDEX
FUND
Essence
International Foreign
0.44% 4,322,304 0
Securities (Hong corporation
Kong) Limited
Shares held by the top ten non-restricted share holders
Type of shares
Name of shareholder Number of non-restricted shares held
Type Number
Prosperity Lamps & Components RMB ordinary
102,751,648 102,751,648
Limited shares
Domestically
DBS VICKERS (HONK KONG)
14,900,439 listed foreign 14,900,439
LTD A/C CLIENTS
shares
Domestically
EAST ASIA SECURITIES
9,527,080 listed foreign 9,527,080
COMPANY LIMITED
shares
RMB ordinary
Zhang Yuan 8,800,000 8,800,000
shares
Taifook Securities Company 8,399,267 Domestically 8,399,267
5
Report for the Third Quarter of 2013 of Foshan Electrical and Lighting Co., Ltd.
Limited-Account Client listed foreign
shares
Domestically
Zhuang Jianyi 8,324,132 listed foreign 8,324,132
shares
Guangzhou Prosperity Lamps & RMB ordinary
5,586,815 5,586,815
Components Trade Co., Ltd. shares
BBH A/C VANGUARD Domestically
EMERGING MARKETS STOCK 4,592,770 listed foreign 4,592,770
INDEX FUND shares
Domestically
Essence International Securities
4,322,304 listed foreign 4,322,304
(Hong Kong) Limited
shares
Domestically
Hou Chunhu 4,315,117 listed foreign 4,315,117
shares
Among the top ten shareholders of the Company, Prosperity Lamps & Components Limited
Explanation on associated
and Zhuang Jianyi were related parties and acting-in-concert parties. Apart from that, it’s
relationship or persons acting in
unknown whether there was any associated relationship among other shareholders of the top
concert among the above-mentioned
ten shareholders, or whether there is any action-in-concert among them regarding to
shareholders
Administrative Measures on Acquisition of Listed Companies.
Shareholders taking part in margin
financing and securities lending (if Naught
any)
Did any shareholder of the Company carry out an agreed buy-back in the reporting period?
□ Yes √ No
6
Section III. Significant Events
I. Major changes of main accounting statement items and financial indicators in the reporting
period, as well as reasons for the changes
Unit: RMB Yuan
Ratio of Reason for the change
Statement item 30 Sept. 2013 31 Dec. 2012
change
Accounts receivable 577,282,581.88 334,006,892.19 72.84% Sales increased and the subsequent sales
income receivable from the central financial
subsidies for promoting high-efficient
lighting products has not been received for
now.
Prepayments 69,267,392.34 12,383,426.98 459.36% Prepayments for materials increased.
Other current assets 21,008,030.13 2,935,179.47 615.73% The input tax to be deducted increased.
Accounts payable 406,821,500.23 246,652,513.45 64.94% Some materials purchased have not been paid
for.
Accounts received 39,389,299.02 19,632,316.50 100.64% Advances increased.
in advance
Taxes and fares 35,392,865.54 58,992,047.62 -40.00% Taxes payable decreased.
payable
Other non-current 11,316,441.69 19,353,441.69 -41.53% Sale of Qinghai Fozhao Lithium Cathode
liabilities Materials Co., Ltd. crossed off the
asset-related government subsidy for it.
Ratio of Reason for the change
Statement item Jan.-Sept. 2013 Jan.-Sept. 2012
change
Business taxes and 21,308,551.24 16,169,819.90 31.78% Sales increased and relevant taxes increased.
surtaxes
Asset impairment 17,761,893.06 1,243,201.74 1328.72% Bad debt provisions increased.
loss
Investment gains -2,594,601.70 24,922,163.06 -110.41% The recognized investment loss on the sale of
equities of Qinghai Fozhao Lithium Ion
Battery Cathode Materials Co., Ltd. offset the
recognized investment gain on the sale of
equities of Shenzhen Liangke Venture Capital
Co., Ltd.
Non-operating 72,379,849.08 1,292,154.54 5501.49% Mainly the subsequent sales income from the
incomes central financial subsidies for promoting
high-efficient lighting products. According to
the Announcement on Issues Concerning the
Value-added Tax on the Central Financial
Subsidies issued by the State Administration
of Taxation in Jan. 2013, VAT shall not be
levied on the sales incomes from the central
7
financial subsidies. Therefore, the subsequent
sales income from the financial subsidy for
high-efficient lighting products obtained in
2013 became non-operating income.
Non-operating 12,071,005.22 2,623,144.28 360.17% Outward donations increased.
expenses
Income tax 58,282,913.30 41,185,301.97 41.51% Profit increased and the tax preferences for
expenses some subsidiaries expired.
Net cash flows from 14,149,279.79 307,729,823.62 -95.40% Cash paid for goods and services increased.
operating activities
Net cash flows from 25,695,002.32 -86,908,891.63 129.57% Cash received in investment retraction
investing activities increased.
II. Progress and influence of significant events, as well as the analysis and explanation on
solutions
The Company disclosed the following significant events and their progress in the reporting period:
Index to the relevant announcement
Overview of the significant event Date of disclosure
disclosed on the website
As approved by the Board of Directors, the 51%
stake held by the Company in its controlled
subsidiary Qinghai Fozhao Lithium Cathode
29 Aug. 2013 http//www.cninfo.com.cn
Materials Co., Ltd. was transferred to Wuxi
Tuohai Investment Co., Ltd. at the price of
RMB 10,017,800.
In Mar. 2013, illegal information disclosure
subjected the Company to administrative
punishment of Guangdong CSRC. 515 plaintiffs
instituted legal proceedings on the grounds of
securities misstatement to Guangzhou
23 Sept. 2013 http//www.cninfo.com.cn
Intermediate People’s Court respectively, asking
the Company to take the civil compensation
liability for its information disclosure violation.
They demanded RMB 73,428,265.25 and HKD
81,899.29.
According to the "Proposal on Suing Qinghai
Fozhao Lithium Energy Exploitation Co., Ltd.
for Overdue Arrears" which was reviewed and
approved by the Company’s Board of Directors
on 27 Aug. 2013, the Company recovered 12 Oct. 2013 http//www.cninfo.com.cn
through legal means the principal of RMB
43,320,000, which the Company lent to Qinghai
Fozhao Lithium Energy Exploitation Co., Ltd.,
as well as the corresponding interest.
8
III. Commitments made by the Company or shareholders holding over 5% of the Company’s
shares in the reporting period or such commitments carried down into the reporting period
Naught
IV. Predict the 2013 annual operating results
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 reporting period compared with the
same period of the last year according to prediction, as well as explanations on the reasons
□Applicable √Inapplicable
V. Securities investment
Sharehold Sharehold
Initial Number Number Closing Gain/loss
ing ing
investme of shares of shares book for report
Variety of Code of Name of percentag percentag Accounti Source of
nt cost held at held at value period
securities securities securities e at e at ng title stock
(RMB period-be period-en (RMB (RMB
period-be period-en
Yuan) gin d Yuan) Yuan)
gin d
Founder
jinquan 5,000,000 3,952,984
Funds BC0002 5,000,000 5,000,000 -59,744.1
friends .00 .65
no. 2
5,000,000 3,952,984
Total 5,000,000 -- 5,000,000 -- -59,744.1 -- --
.00 .65
Disclosure date of the board
announcement on approval of 25 Nov. 2010
the securities investment
Disclosure date of the general
meeting announcement on
approval of the securities
investment (if any)
Shareholdings in other listed companies
√Applicable □Inapplicable
Number of Shareholdi Gain/loss
Initial Number of Closing
shares held Shareholding ng for report
Company Company Code of investment shares held book value Accountin Source of
at percentage at percentage period
name type securities cost (RMB at (RMB g title stock
period-begi period-begin at (RMB
Yuan) period-end Yuan)
n period-end Yuan)
9
China Commerci 601818 30,828,816 23,546,768 0.06% 23,546,768 0.06% 66,401,885 1,365,712. Available-f Additional
Everbright al Bank .00 .76 54 or-sale issue
Bank financial
assets
VI. Investments in derivatives
Naught
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
Telephone Production and operation of
4 July 2013 The Company Individual Individual investor
Communication the Company
Telephone Development of the LED
23 July 2013 The Company Individual Individual investor
Communication business of the Company
Particulars about the
semi-annual report of the
Company and the equity
Telephone
30 Aug. 2013 The Company Individual Individual investor transfer of the Company’s
Communication
controlled subsidiary
Qinghai Fozhao Lithium
Cathode Materials Co., Ltd.
Telephone Production and operation of
11 Sept. 2013 The Company Individual Individual investor
Communication the Company
Telephone
23 Sept. 2013 The Company Individual Individual investor lawsuits of the Company
Communication
10
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 718,880,314.18 985,450,890.74
Settlement reserves
Intra-group lendings
Transactional financial assets 3,952,984.65 4,012,728.75
Notes receivable 157,680,231.65 175,907,019.08
Accounts receivable 577,282,581.88 334,006,892.19
Accounts paid in advance 69,267,392.34 12,383,426.98
Premiums receivable
Reinsurance premiums receivable
Receivable reinsurance contract
reserves
Interest receivable 618,076.78 530,542.81
Dividend receivable
Other accounts receivable 40,263,481.70 56,196,390.54
Financial assets purchased under
agreements to resell
Inventories 547,895,642.79 434,541,386.19
Non-current assets due within 1 year
Other current assets 21,008,030.13 2,935,179.47
Total current assets 2,136,848,736.10 2,005,964,456.75
Non-current assets:
Loans by mandate and advances
granted
Available-for-sale financial assets 66,401,885.76 71,817,642.40
Held-to-maturity investments
Long-term accounts receivable
11
Long-term equity investment 503,886,071.01 519,693,431.95
Investing property
Fixed assets 488,922,886.30 539,145,022.38
Construction in progress 80,772,332.36 95,684,569.86
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 162,899,894.05 150,424,391.76
R&D expense
Goodwill
Long-term deferred expenses
Deferred income tax assets 16,768,649.24 23,003,056.72
Other non-current assets 45,265,172.71 42,541,730.00
Total of non-current assets 1,364,916,891.43 1,442,309,845.07
Total assets 3,501,765,627.53 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 406,821,500.23 246,652,513.45
Accounts received in advance 39,389,299.02 19,632,316.50
Financial assets sold for repurchase
Handling charges and commissions
payable
Employee’s compensation payable 44,798,480.95 63,086,369.68
Tax payable 35,392,865.54 58,992,047.62
Interest payable
Dividend payable
Other accounts payable 27,905,661.94 37,085,568.58
Reinsurance premiums payable
Insurance contract reserves
12
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 554,307,807.68 425,448,815.83
Non-current liabilities:
Long-term borrowings
Bonds payable
Long-term payables
Specific payables
Estimated liabilities
Deferred income tax liabilities 5,456,461.40 6,268,824.89
Other non-current liabilities 11,316,441.69 19,353,441.69
Total non-current liabilities 16,772,903.09 25,622,266.58
Total liabilities 571,080,710.77 451,071,082.41
Owners’ equity (or shareholders’
equity)
Paid-up capital (or share capital) 978,563,745.00 978,563,745.00
Capital reserves 620,992,363.92 625,595,757.07
Less: Treasury stock
Specific reserves
Surplus reserves 622,494,531.96 622,494,531.96
Provisions for general risks
Retained profits 661,149,669.49 723,452,942.14
Foreign exchange difference
Total equity attributable to owners of
2,883,200,310.37 2,950,106,976.17
the Company
Minority interests 47,484,606.39 47,096,243.24
Total owners’ (or shareholders’) equity 2,930,684,916.76 2,997,203,219.41
Total liabilities and owners’ (or
3,501,765,627.53 3,448,274,301.82
shareholders’) equity
Legal representative: Pan Jie Person-in-charge of the accounting work: Pan Jie
Chief of the accounting division: Yin Jianchun
13
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 409,626,145.54 699,511,754.78
Transactional financial assets 3,952,984.65 4,012,728.75
Notes receivable 153,480,231.65 167,509,926.71
Accounts receivable 632,323,555.05 362,956,611.71
Accounts paid in advance 59,193,349.69 12,705,111.19
Interest receivable
Dividend receivable
Other accounts receivable 71,731,318.95 82,043,309.37
Inventories 496,330,631.56 389,680,405.66
Non-current assets due within 1 year
Other current assets 8,203,202.66 2,935,179.47
Total current assets 1,834,841,419.75 1,721,355,027.64
Non-current assets:
Available-for-sale financial assets 66,401,885.76 71,817,642.40
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investment 918,951,781.55 880,176,969.18
Investing property
Fixed assets 387,129,779.62 443,001,716.36
Construction in progress 79,816,257.05 66,216,618.10
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 119,165,173.69 130,800,094.82
R&D expense
Goodwill
Long-term deferred expenses
Deferred income tax assets 14,487,098.19 20,724,220.91
14
Other non-current assets 45,231,292.71 41,783,700.00
Total of non-current assets 1,631,183,268.57 1,654,520,961.77
Total assets 3,466,024,688.32 3,375,875,989.41
Current liabilities:
Short-term borrowings
Transactional financial liabilities
Notes payable
Accounts payable 462,412,240.38 265,603,565.11
Accounts received in advance 39,290,538.29 19,586,999.28
Employee’s compensation payable 44,575,842.62 63,084,499.68
Tax payable 29,575,570.00 58,950,265.18
Interest payable
Dividend payable
Other accounts payable 38,908,515.33 38,631,089.33
Non-current liabilities due within 1
year
Other current liabilities
Total current liabilities 614,762,706.62 445,856,418.58
Non-current liabilities:
Long-term borrowings
Bonds payable
Long-term payables
Specific payables
Estimated liabilities
Deferred income tax liabilities 5,456,461.40 6,268,824.89
Other non-current liabilities 10,347,691.76 10,218,441.73
Total non-current liabilities 15,804,153.16 16,487,266.62
Total liabilities 630,566,859.78 462,343,685.20
Owners’ equity (or shareholders’
equity)
Paid-up capital (or share capital) 978,563,745.00 978,563,745.00
Capital reserves 617,891,536.98 622,494,930.13
Less: Treasury stock
Specific reserves
Surplus reserves 622,494,531.96 622,494,531.96
Provisions for general risks
15
Retained profits 616,508,014.60 689,979,097.12
Foreign exchange difference
Total owners’ (or shareholders’) equity 2,835,457,828.54 2,913,532,304.21
Total liabilities and owners’ (or
3,466,024,688.32 3,375,875,989.41
shareholders’) equity
Legal representative: Pan Jie Person-in-charge of the accounting work: Pan Jie
Chief of the accounting division: Yin Jianchun
3. Consolidated income statement for the reporting period
Prepared by Foshan Electrical and Lighting Co., Ltd.
Unit: RMB Yuan
Item Jul.-Sept. 2013 Jul.-Sept. 2012
I. Total operating revenues 684,057,904.65 523,873,419.93
Including: Sales income 684,057,904.65 523,873,419.93
Interest income
Premium income
Handling charge and
commission income
II. Total operating cost 574,230,695.71 432,918,952.37
Including: Cost of sales 482,562,988.00 360,674,999.49
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 7,610,919.92 5,742,862.87
Selling and distribution expenses 28,057,422.65 26,483,147.87
Administrative expenses 58,138,625.56 40,812,995.49
Financial expenses -2,047,232.28 -880,116.23
Asset impairment loss -92,028.14 85,062.87
Add: Gain/(loss) from change in fair
9,957.35 -149,360.25
value (“-” means loss)
16
Gain/(loss) from investment (“-”
-1,649,540.44 8,437,820.11
means loss)
Including: share of profits in associates
and joint ventures
Foreign exchange gains (“-” means
loss)
III. Business profit (“-” means loss) 108,187,625.85 99,242,927.42
Add: non-operating income 699,688.91 408,471.20
Less: non-operating expense 1,370,566.39 141,927.99
Including: loss from non-current asset
disposal
IV. Total profit (“-” means loss) 107,516,748.37 99,509,470.63
Less: Income tax expense 18,668,571.05 15,568,642.36
V. Net profit (“-” means loss) 88,848,177.32 83,940,828.27
Including: Net profit achieved by
combined parties before the
combinations
Attributable to owners of the
88,004,196.93 82,554,608.63
Company
Minority shareholders’ income 843,980.39 1,386,219.64
VI. Earnings per share -- --
(I) Basic earnings per share 0.09 0.08
(II) Diluted earnings per share 0.09 0.08
Ⅶ. Other comprehensive incomes -800,590.11 -3,602,655.50
Ⅷ. Total comprehensive incomes 88,047,587.21 80,338,172.77
Attributable to owners of the
87,203,606.82 78,951,953.13
Company
Attributable to minority
843,980.39 1,386,219.64
shareholders
Legal representative: Pan Jie Person-in-charge of the accounting work: Pan Jie
Chief of the accounting division: Yin Jianchun
4. Income statement of the Company for the reporting period
Prepared by Foshan Electrical and Lighting Co., Ltd.
Unit: RMB Yuan
Item Jul.-Sept. 2013 Jul.-Sept. 2012
I. Total sales 712,519,086.03 531,549,720.22
Less: cost of sales 527,208,298.40 382,643,048.61
17
Business taxes and surcharges 6,348,714.97 4,684,475.58
Distribution expenses 27,601,609.60 24,378,077.59
Administrative expenses 46,793,393.10 33,207,737.90
Financial costs -601,532.13 127,055.96
Impairment loss 49,218.19 -2,618,330.56
Add: gain/(loss) from change in fair
9,957.35 -149,360.25
value (“-” means loss)
Gain/(loss) from investment (“-” means
-1,649,540.44 8,437,820.12
loss)
Including: income form investment on
associates and joint ventures
II. Business profit (“-” means loss) 103,479,800.81 97,416,115.01
Add: non-business income 653,793.77 227,626.21
Less: non-business expense 1,370,566.39 88,182.95
Including: loss from non-current asset
disposal
III. Total profit (“-” means loss) 102,763,028.19 97,555,558.27
Less: income tax expense 17,195,034.55 13,384,902.76
IV. Net profit (“-” means loss) 85,567,993.64 84,170,655.51
V. Earnings per share -- --
(I) Basic earnings per share
(II) Diluted earnings per share
VI. Other comprehensive income
VII. Total comprehensive income 85,567,993.64 84,170,655.51
Legal representative: Pan Jie Person-in-charge of the accounting work: Pan Jie
Chief of the accounting division: Yin Jianchun
5. Consolidated income statement for Jan.-Sept. 2013
Prepared by Foshan Electrical and Lighting Co., Ltd.
Unit: RMB Yuan
Item Jan.-Sept. 2013 Jan.-Sept. 2012
I. Total operating revenues 1,892,318,350.71 1,588,210,544.18
Including: Sales income 1,892,318,350.71 1,588,210,544.18
Interest income
Premium income
Handling charge and
18
commission income
II. Total operating cost 1,649,857,281.07 1,352,841,161.55
Including: Cost of sales 1,408,238,197.12 1,153,653,460.30
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 21,308,551.24 16,169,819.90
Selling and distribution expenses 72,488,662.73 73,437,029.06
Administrative expenses 136,071,027.09 116,377,360.96
Financial expenses -6,011,050.17 -8,039,710.41
Asset impairment loss 17,761,893.06 1,243,201.74
Add: Gain/(loss) from change in fair
-59,744.10 -84,637.47
value (“-” means loss)
Gain/(loss) from investment (“-”
-2,594,601.70 24,922,163.06
means loss)
Including: share of profits in associates
and joint ventures
Foreign exchange gains (“-” means
loss)
III. Business profit (“-” means loss) 239,806,723.84 260,206,908.22
Add: non-operating income 72,379,849.08 1,292,154.54
Less: non-operating expense 12,071,005.22 2,623,144.28
Including: loss from non-current asset
disposal
IV. Total profit (“-” means loss) 300,115,567.70 258,875,918.48
Less: Income tax expense 58,282,913.30 41,185,301.97
V. Net profit (“-” means loss) 241,832,654.40 217,690,616.51
Including: Net profit achieved by
combined parties before the
combinations
Attributable to owners of the
241,051,488.30 217,077,551.79
Company
Minority shareholders’ income 781,166.10 613,064.72
19
VI. Earnings per share -- --
(I) Basic earnings per share 0.25 0.22
(II) Diluted earnings per share 0.25 0.22
Ⅶ. Other comprehensive incomes -4,603,393.15 -4,403,245.62
Ⅷ. Total comprehensive incomes 237,229,261.25 213,287,370.89
Attributable to owners of the
236,448,095.15 212,674,306.17
Company
Attributable to minority
781,166.10 613,064.72
shareholders
Legal representative: Pan Jie Person-in-charge of the accounting work: Pan Jie
Chief of the accounting division: Yin Jianchun
6. Income statement of the Company for Jan.-Sept. 2013
Prepared by Foshan Electrical and Lighting Co., Ltd.
Unit: RMB Yuan
Item Jan.-Sept. 2013 Jan.-Sept. 2012
I. Total sales 1,935,912,791.35 1,583,565,481.94
Less: cost of sales 1,487,933,964.45 1,178,237,161.95
Business taxes and surcharges 17,975,995.97 13,818,941.35
Distribution expenses 71,329,314.68 69,864,953.88
Administrative expenses 119,847,247.35 96,164,539.05
Financial costs -1,223,030.03 -3,003,440.14
Impairment loss 16,214,455.98 -1,715,715.91
Add: gain/(loss) from change in fair
-59,744.10 -84,637.47
value (“-” means loss)
Gain/(loss) from investment (“-” means
-3,973,874.21 25,323,875.29
loss)
Including: income form investment on
associates and joint ventures
II. Business profit (“-” means loss) 219,801,224.64 255,438,279.58
Add: non-business income 72,143,208.31 1,005,589.45
Less: non-business expense 10,711,261.61 2,515,049.05
Including: loss from non-current asset
disposal
III. Total profit (“-” means loss) 281,233,171.34 253,928,819.98
Less: income tax expense 51,349,492.91 36,647,678.84
IV. Net profit (“-” means loss) 229,883,678.43 217,281,141.14
20
V. Earnings per share -- --
(I) Basic earnings per share
(II) Diluted earnings per share
VI. Other comprehensive income
VII. Total comprehensive income 229,883,678.43 217,281,141.14
Legal representative: Pan Jie Person-in-charge of the accounting work: Pan Jie
Chief of the accounting division: Yin Jianchun
7. Consolidated cash flow statement for Jan.-Sept. 2013
Prepared by Foshan Electrical and Lighting Co., Ltd.
Unit: RMB Yuan
Item Jan.-Sept. 2013 Jan.-Sept. 2012
I. Cash flows from operating activities:
Cash received from sale of
1,844,519,336.35 1,731,307,375.25
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 15,853,863.74 40,182,721.43
Other cash received relating to
25,143,917.00 19,735,254.28
operating activities
Subtotal of cash inflows from operating
1,885,517,117.09 1,791,225,350.96
activities
21
Cash paid for goods and services 1,240,973,157.57 995,755,598.39
Net increase of customer lendings
and advances
Net increase of funds deposited in the
central bank and amount due from
banks
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 333,964,568.46 250,811,439.11
Various taxes paid 200,564,389.73 139,420,780.01
Other cash payment relating to
95,865,721.54 97,507,709.83
operating activities
Subtotal of cash outflows from
1,871,367,837.30 1,483,495,527.34
operating activities
Net cash flows from operating activities 14,149,279.79 307,729,823.62
II. Cash flows from investing activities:
Cash received from withdrawal of
50,998,477.41
investments
Cash received from return on
10,312,343.03 26,729,133.84
investments
Net cash received from disposal of
fixed assets, intangible assets and other 24,189,200.00
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
85,500,020.44 26,729,133.84
investing activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 59,805,018.12 29,638,109.47
assets
Cash paid for investment 83,999,916.00
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
59,805,018.12 113,638,025.47
investing activities
22
Net cash flows from investing activities 25,695,002.32 -86,908,891.63
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
303,060,218.66 245,810,329.96
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
303,060,218.66 245,810,329.96
financing activities
Net cash flows from financing activities -303,060,218.66 -245,810,329.96
IV. Effect of foreign exchange rate
-3,354,640.01 357,216.15
changes on cash and cash equivalents
V. Net increase in cash and cash
-266,570,576.56 -24,632,181.82
equivalents
Add: Opening balance of cash and
985,450,890.74 690,691,751.15
cash equivalents
VI. Closing balance of cash and cash
718,880,314.18 666,059,569.33
equivalents
Legal representative: Pan Jie Person-in-charge of the accounting work: Pan Jie
Chief of the accounting division: Yin Jianchun
8. Cash flow statement of the Company for Jan.-Sept. 2013
Prepared by Foshan Electrical and Lighting Co., Ltd.
Unit: RMB Yuan
Item Jan.-Sept. 2013 Jan.-Sept. 2012
I. Cash flows from operating activities:
23
Cash received from sale of
1,831,220,680.64 1,682,275,921.98
commodities and rendering of service
Tax refunds received 15,853,863.74 40,182,721.43
Other cash received relating to
18,923,896.29 25,139,338.06
operating activities
Subtotal of cash inflows from operating
1,865,998,440.67 1,747,597,981.47
activities
Cash paid for goods and services 1,339,274,475.52 1,013,078,303.75
Cash paid to and for employees 239,790,954.81 217,610,010.51
Various taxes paid 162,510,170.24 108,044,591.73
Other cash payment relating to
91,573,255.20 96,838,845.01
operating activities
Subtotal of cash outflows from
1,833,148,855.77 1,435,571,751.00
operating activities
Net cash flows from operating activities 32,849,584.90 312,026,230.47
II. Cash flows from investing activities:
Cash received from retraction of
68,601,897.00
investments
Cash received from return on
10,312,343.03 27,130,846.06
investments
Net cash received from disposal of
fixed assets, intangible assets and other 24,189,200.00
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
103,103,440.03 27,130,846.06
investing activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 57,423,775.50 17,292,570.27
assets
Cash paid for investment 62,000,000.00 117,199,916.00
Net cash paid to acquire subsidiaries
and other business units
Other cash payments relating to
investing activities
Subtotal of cash outflows from
119,423,775.50 134,492,486.27
investing activities
Net cash flows from investing activities -16,320,335.47 -107,361,640.21
III. Cash Flows from Financing
Activities:
Cash received from capital
24
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
303,060,218.66 245,676,425.89
distribution of dividends or profit
Other cash payments relating to
financing activities
Sub-total of cash outflows from
303,060,218.66 245,676,425.89
financing activities
Net cash flows from financing activities -303,060,218.66 -245,676,425.89
IV. Effect of foreign exchange rate
-3,354,640.01 357,128.33
changes on cash and cash equivalents
V. Net increase in cash and cash
-289,885,609.24 -40,654,707.30
equivalents
Add: Opening balance of cash and
699,511,754.78 412,626,723.50
cash equivalents
VI. Closing balance of cash and cash
409,626,145.54 371,972,016.20
equivalents
Legal representative: Pan Jie Person-in-charge of the accounting work: Pan Jie
Chief of the accounting division: Yin Jianchun
II. Audit report
Is this report audited?
□ Yes √ No
This report is not audited.
Foshan Electrical and Lighting Co.,Ltd
Chairman of the Board: Pan Jie
28 Oct 2013
25
