Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.
FOSHAN ELECTRICAL AND LIGHTING CO., LTD.
Report for the Third Quarter of 2014
October 2014
1
Report for the Third Quarter of 2014 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.
Pan Jie, company principal & 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 2014 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. 2014 31 Dec. 2013 Increase/decrease (%)
Total assets (RMB Yuan) 3,700,216,486.44 3,373,781,552.85 9.68%
Net assets attributable to
shareholders of the Company 3,036,970,590.98 2,890,581,921.74 5.06%
(RMB Yuan)
YoY increase/decrease YoY increase/decrease
Jul.-Sept. 2014 Jan.-Sept. 2014
(%) (%)
Operating revenues (RMB Yuan) 813,054,868.99 18.86% 2,356,113,627.02 24.51%
Net profit attributable to
shareholders of the Company 111,798,106.18 27.04% 300,757,245.63 24.77%
(RMB Yuan)
Net profit attributable to
shareholders of the Company after
105,665,666.49 17.57% 274,889,893.12 16.21%
extraordinary gains and losses
(RMB Yuan)
Net cash flows from operating
-- -- 159,359,389.48 1,026.27%
activities (RMB Yuan)
Basic EPS (RMB Yuan/share) 0.114 26.67% 0.307 24.80%
Diluted EPS (RMB Yuan/share) 0.114 26.67% 0.307 24.80%
Weighted average ROE (%) 3.56% 0.44% 10.24% 1.51%
Items and amounts of extraordinary gains and losses
√Applicable □Inapplicable
Unit: RMB Yuan
Item Amount as of Jan.-Sept. 2014 Note
Gains/losses on the disposal of non-current assets (including the
1,610,330.57
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
702,409.68
certain quotas or amounts according to the country’s unified
standards
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Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.
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
27,313,514.00
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 than the above 819,766.63
Less: Income tax effects 4,578,668.37
Total 25,867,352.51 --
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
No such cases during the reporting period.
II. Total number of shareholders and shareholdings of the top ten shareholders at the
period-end
1. Total number of common shareholders and shareholdings of the top ten common shareholders at the
period-end
Unit: share
Total number of common
136,776
shareholders at the period-end
Shareholdings of the top ten common shareholders
Number of 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
13.47% 131,815,685 131,815,685
Company Limited corporation
Prosperity Lamps
Foreign
& Components 10.50% 102,751,648
corporation
Limited
Essence
International Foreign
1.85% 18,079,046
Securities (Hong corporation
Kong) Co., Ltd.
4
Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.
DBS VICKERS
(HONG KONG) Foreign
0.91% 8,914,235
LTD A/C corporation
CLIENTS
Foreign
Zhuang Jianyi 0.85% 8,324,132
individual
BOCHK
INVESTMENT
Foreign
FUNDS-BOCHK 0.80% 7,797,341
corporation
CHINA GOLDEN
DRAGON FUND
National Social
Security Fund Other 0.73% 7,174,973
Portfolio 116
China Construction
Bank Co.,
Ltd.—Huashang Other 0.47% 4,638,812
Prosperous Growth
Stock Fund
BBH A/C
VANGUARD
EMERGING Foreign
0.47% 4,592,770
MARKETS corporation
STOCK INDEX
FUND
EAST ASIA
SECURITIES Foreign
0.45% 4,402,288
COMPANY corporation
LIMITED
Shareholdings of the top ten non-restricted common shareholders
Number of non-restricted common shares held at the Type of shares
Name of shareholder
period-end Type Number
Prosperity Lamps & Components RMB ordinary
102,751,648 102,751,648
Limited share
Domestically
Essence International Securities
18,079,046 listed foreign 18,079,046
(Hong Kong) Co., Ltd.
share
Domestically
DBS VICKERS (HONG KONG)
8,914,235 listed foreign 8,914,235
LTD A/C CLIENTS
share
5
Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.
Domestically
Zhuang Jianyi 8,324,132 listed foreign 8,324,132
share
BOCHK INVESTMENT Domestically
FUNDS-BOCHK CHINA GOLDEN 7,797,341 listed foreign 7,797,341
DRAGON FUND share
National Social Security Fund RMB ordinary
7,174,973 7,174,973
Portfolio 116 share
China Construction Bank Co.,
RMB ordinary
Ltd.—Huashang Prosperous Growth 4,638,812 4,638,812
share
Stock Fund
Domestically
BBH A/C VANGUARD EMERGING
4,592,770 listed foreign 4,592,770
MARKETS STOCK INDEX FUND
share
Domestically
EAST ASIA SECURITIES
4,402,288 listed foreign 4,402,288
COMPANY LIMITED
share
Domestically
Hou Chunhu 4,200,000 listed foreign 4,200,000
share
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.
Top ten non-restricted common
shareholders taking part in margin
Naught
financing and securities lending (if
any)
Did any of the top 10 common shareholders or the top 10 non-restricted common shareholders of the Company
carry out any agreed buy-back in the reporting period?
□ Yes √ No
No shareholder of the Company carried out any agreed buy-back in the reporting period.
2. Total number of preferred share holders and shareholdings of the top ten preferred share holders at the
period-end
□ Applicable √ Inapplicable
6
Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.
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
√ Applicable □ Inapplicable
30 Sept. 2014/ 31 Dec. 2013/ Increase/decreas
Financial statement item Main reason for the change
Jan.-Sept. 2014 Jan.-Sept. 2013 e (%)
Transactional financial 71,815,937.00 3,903,197.90 1739.93% Investments in financial products
assets increased.
Notes receivable 273,607,060.09 154,142,432.66 77.50% Trade acceptance bills increased.
Accounts receivable 541,387,003.89 390,216,735.62 38.74% Sales increased.
Prepayments 82,145,172.31 24,054,319.34 241.50% Prepayments for materials increased.
Other receivables 7,861,309.44 24,145,083.88 -67.44% Export rebates was received.
Construction in progress 111,942,198.07 75,044,472.56 49.17% Engineering projects increased.
Goodwill 6,603,743.83 - 100.00% Recognized goodwill of the newly
acquired subsidiary
Accounts payable 385,893,941.91 270,968,881.44 42.41% Paybles for materials increased.
Accounts received in 60,218,549.04 45,620,298.34 32.00% Advances from customers increased.
advance
Taxes and fares payable 53,564,598.74 19,571,121.78 173.69% Taxes payable increased.
Minority interests 49,426,472.14 34,805,128.86 42.01% A new subsidiary was acquired.
Selling expenses 104,362,640.48 72,488,662.73 43.97% The sales expanded.
Financial expenses -7,501,068.21 -6,011,050.17 -24.79% The interest received on bank deposits
increased.
Asset impairment loss 3,550,931.20 17,761,893.06 -80.01% Bad-debt provisions decreased.
Gains on fair value 1,379,081.46 -59,744.10 2408.31% The fair value of transactional financial
changes assets changed.
Gains on investment 22,398,896.01 -2,594,601.70 963.29% The bonus from Xiamen Bank was
received.
Non-business expenses 443,807.91 12,071,005.22 -96.32% Such expenses decreased.
Minority shareholders’ -688,427.48 781,166.10 -188.13% Losses on subsidiaries increased.
income
Other comprehensive 2,201,622.81 -4,603,393.15 147.83% The fair value of available-for-sale
incomes financial assets changed.
Net cash flows from 159,359,389.48 14,149,279.79 1026.27% The cash received from sale of goods and
operating activities rendering of services increased.
Net cash flows from -101,602,003.53 25,695,002.32 -495.42% The cash paid in external investment
investing activities increased.
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Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.
Net cash flows from -151,583,685.10 -303,060,218.66 49.98% The cash paid as dividends, shares of
financing activities profit or interest decreased.
II. Progress and influence of significant events, as well as the analysis and explanation on
solutions
√ Applicable □ Inapplicable
Index to the relevant
Overview of the significant event Date of disclosure announcement disclosed on the
website
In Mar. 2013, CSRC Guangdong administered an
administrative punishment on the illegal information
disclosure of the Company. 515 plaintiffs separately sued the
Company to Guangzhou Intermediate People’s Court for false
securities statement, demanding civil compensations from the
18 Sep. 2013 www.cninfo.com.cn
Company for its illegal information disclosure.The amount
involved in the lawsuit is RMB 73.4283 million and HKD
82,000. On 9 Jul. 2014, Guangzhou Intermediate People’s
Court opened a court session for the 515 cases, but no verdict
has come out yet.
In Mar. 2013, CSRC Guangdong administered an
administrative punishment on the illegal information
disclosure of the Company. 672 plaintiffs separately sued the
Company to Guangzhou Intermediate People’s Court for false
securities statement, demanding civil compensations from the
8 Jan. 2014 www.cninfo.com.cn
Company for its illegal information disclosure. The amount
involved in the lawsuit is RMB 87.0947 million. On 25 Aug
2014, Guangzhou Intermediate People’s Court opened a court
session for the group of cases, but no verdict has come out
yet.
In Mar. 2013, CSRC Guangdong administered an
administrative punishment on the illegal information
disclosure of the Company. 116 plaintiffs separately sued the
Company to Guangzhou Intermediate People’s Court for false
securities statement, demanding civil compensations from the 15 Mar. 2014 www.cninfo.com.cn
Company for its illegal information disclosure. The amount
involved in the lawsuit is RMB 22.5254 million and HKD
546,600. Currently these cases haven’t entered substantive
hearing.
As reviewed and approved by the Board of Directors of the
Company, the 15.38% equity interests of Guangzhou Pearl
16 Aug. 2014 www.cninfo.com.cn
River Asset Management Co., Ltd. held by the Company
were transferred to Guangzhou Finance Holdings Group Co.,
8
Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.
Ltd. at the price of RMB 8.52 million.
Hefei Guoxuan High-tech Power Energy Co., Ltd., a
joint-stock company of the Company, intended to carry out
backdoor listing via Jiangsu Dongyuan Electrical Group Co.,
10 Sept. 2014 www.cninfo.com.cn
Ltd. The relevant drafts were reviewed and approved by the
Board of Directors and the Shareholders’ General Meeting of
Dongyuan Electrical, but it still awaits the approval of CSRC.
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
□ Applicable √ Inapplicable
No such commitments in the reporting period.
IV. Predict the 2014 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
√ Applicable □ Inapplicable
Sharehold Sharehold Gain/loss
Initial Number Number Closing
ing ing in
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 stock
(RMB period-be period-en (RMB
period-be period-en (RMB
Yuan) ginning d Yuan)
ginning d Yuan)
Transacti
Founder
5,000,000 -997,145. onal
Fund BC0002 Jinquanyo 5,000,000
.00 30 financial
u No. 2
assets
Transacti
onal
Stock 603188 YBGF 20,490.00 1,000 21,963.00
financial
assets
Transacti
onal
Stock 601016 JNFD 2,170.00 1,000 1,000 3,430.00
financial
assets
Transacti
Stock 603456 JZYY 15,430.00 1,000 1,000 15,430.00
onal
9
Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.
financial
assets
Transacti
onal
Stock 300401 HYSW 3,505.00 500 500 3,505.00
financial
assets
Transacti
956,522.6 1,237,542 onal
Stock 000027 SZNY 172,600 172,600
4 .00 financial
assets
Transacti
onal
Stock 300385 XLHJ 7,365.00 500 11,378.02
financial
assets
Transacti
onal
Stock 603328 YDDZ 15,310.00 1,000 14,514.65
financial
assets
Transacti
6,544,000 249,000.0 onal
Other 205001 1 Day 4,893.21
.00 0 financial
assets
Transacti
33,249,00 154,191.7 onal
Other 205007 7 Days
0.00 5 financial
assets
Transacti
39,794,00 382,976.6 onal
Other 205008 14 Days
0.00 1 financial
assets
Transacti
42,300,42 onal
Other 204001 GC001 58,358.49
3.00 financial
assets
Transacti
5,100,102 onal
Other 204002 GC002 19,432.02
.00 financial
assets
Transacti
4,100,123 onal
Other 204003 GC003 57,680.71
.00 financial
assets
Transacti
30,401,21 onal
Other 204004 GC004 56,973.22
6.00 financial
assets
10
Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.
Transacti
40,452,02 119,747.6 onal
Other 204007 GC007
3.00 7 financial
assets
Transacti
42,004,20 70,307,03 onal
Other 204014 GC014 53,701.66
0.00 0.00 financial
assets
249,965,8 71,815,93 -41,334.2
Total 5,177,600 -- 175,100 -- -- --
79.64 7.00 9
Disclosure date of the board
announcement on approval of 23 Jan. 2014
the securities investment
Disclosure date of the general
meeting announcement on
Naught
approval of the securities
investment (if any)
Shareholdings in other listed companies
√Applicable □Inapplicable
Shareholdi Gain/loss
Number of Shareholdi
Initial ng Number of Closing in
shares held ng Source
Company Company Code of investment percentage shares held book value reporting Accounti
at percentage of
name type securities cost (RMB at at (RMB period ng title
period-beg at stock
Yuan) period-beg period-end Yuan) (RMB
inning period-end
inning Yuan)
China Commerci 601818 30,828,816 23,546,768 0.06% 23,546,768 0.06% 65,224,547 4,050,044 Availabl Additi
Everbright al bank .00 .36 .10 e-for-sal onal
Bank e issue
financial
assets
VI. Investments in derivatives
□Applicable √Inapplicable
The Company did not invest in any derivative in the reporting period.
VII. Researches, visits and interviews received in the reporting period
√Applicable □Inapplicable
Main discussion and
Time Place Way of reception Visitor type Visitor
materials provided by the
11
Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.
Company
Developments in the LED
4 Jul. 2014 The Company By phone Individual Individual investor
division
10 Jul. 2014 The Company By phone Individual Individual investor Lawsuit progress
Particulars about the
29 Aug. 2014 The Company By phone Individual Individual investor semi-annual report and
securities investments
Progress on the backdoor
listing of joint-stock
10 Sept. 2014 The Company By phone Individual Individual investor company Hefei Guoxuan
High-tech Power Energy
Co., Ltd.
VIII. Consolidated financial statements were affected by the newly promulgated or amended
accounting standards
√Applicable □Inapplicable
In 2014, the Ministry of Finance promulgated or amended “the Accounting Standard for Business Enterprises No.
2—Long-term Equity Investment”, “the Accounting Standard for Business Enterprises No. 9—Employees’
Compensation”, “the Accounting Standard for Business Enterprises No. 30—Financial Statement Reporting”, “the
Accounting Standard for Business Enterprises No. 33—Consolidated Financial Statements”, “the Accounting
Standard for Business Enterprises No. 39—Fair Value Measurement”, “the Accounting Standard for Business
Enterprises No. 40—Joint Operation Arrangements”, “the Accounting Standard for Business Enterprises No.
41—Equity Disclosure in Other Entities” and “the Accounting Standard for Business Enterprises No.
37—Financial Instrument Reporting”, of which the first seven standards are executed by the Company starting
from 1 Jul. 2014. The aforesaid changes of the accounting standards do not affect the Company’s consolidated
financial statements much, with details as follows:
(I) Long-term equity investment
According to the amended “Accounting Standard for Business Enterprises No. 2—Long-term Equity Investment”,
the Company does not have the following situations and the consolidated financial statements are not affected. As
such, no retrospective adjustment is needed:
(1) The Company is able to do joint control or significant influence, which does not constitute control, over the
invested entity as a result of additional investment or other reasons; or
(2) The joint control or significant influence over the invested entity by the Company ceases as a result of
disposing part of the investment or other reasons.
(II) Welfare plan after retirement
According to the amended “Accounting Standard for Business Enterprises No. 9—Employees’ Compensation”,
the Company reviews the arrangements for employees’ compensation and no set benefit plan or other long-term
employee’s welfare is found. Therefore, the consolidated financial statements are not affected and no retrospective
adjustment is needed.
(III) Consolidation scope
According to the amended “Accounting Standard for Business Enterprises No. 33—Consolidated Financial
Statements”, the Company reviews the consolidation scope of the consolidated financial statements and no change
12
Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.
of the consolidation scope is found. Therefore, the consolidated financial statements are not affected and no
retrospective adjustment is needed.
(IV) Arrangements for joint operation
According to “the Accounting Standard for Business Enterprises No. 40—Joint Operation Arrangements”, the
Company does not have joint operation arrangement in any form. Therefore, the consolidated financial statements
are not affected and no retrospective adjustment is needed.
(V) Influence of other standard changes
Except for the above-mentioned, none of the newly promulgated or amended accounting standards for business
enterprises have any significant influence on the financial statements of the Company.
13
Report for the Third Quarter of 2014 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 799,866,319.49 897,675,824.22
Settlement reserves
Intra-group lendings
Financial assets measured at fair
value and of which changes are 71,815,937.00 3,903,197.90
recorded into current gains and losses
Notes receivable 273,607,060.09 154,142,432.66
Accounts receivable 541,387,003.89 390,216,735.62
Accounts paid in advance 82,145,172.31 24,054,319.34
Premiums receivable
Reinsurance premiums receivable
Receivable reinsurance contract
reserves
Interest receivable 2,956,088.13 1,304,200.33
Dividend receivable
Other accounts receivable 7,861,309.44 24,145,083.88
Financial assets purchased under
agreements to resell
Inventories 540,448,326.38 516,804,156.44
Assets held for sale
Non-current assets due within 1 year
Other current assets 10,397,147.74 9,408,829.51
Total current assets 2,330,484,364.47 2,021,654,779.90
Non-current assets:
Loans by mandate and advances
14
Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.
granted
Available-for-sale financial assets 65,224,547.36 62,634,402.88
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investment 474,737,041.07 492,153,947.39
Investing property
Fixed assets 440,703,993.84 472,740,489.84
Construction in progress 111,942,198.07 75,044,472.56
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 189,578,908.17 173,234,598.73
R&D expense
Goodwill 6,603,743.83
Long-term deferred expenses
Deferred income tax assets 29,543,682.77 28,924,666.74
Other non-current assets 51,398,006.86 47,394,194.81
Total of non-current assets 1,369,732,121.97 1,352,126,772.95
Total assets 3,700,216,486.44 3,373,781,552.85
Current liabilities:
Short-term borrowings
Borrowings from Central Bank
Customer bank deposits and due to
banks and other financial institutions
Intra-group borrowings
Financial liabilities measured at fair
value and of which changes are
recorded into current gains and losses
Notes payable
Accounts payable 385,893,941.91 270,968,881.44
Accounts received in advance 60,218,549.04 45,620,298.34
Financial assets sold for repurchase
Handling charges and commissions
payable
15
Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.
Employee’s compensation payable 69,112,251.00 60,636,740.85
Tax payable 53,564,598.74 19,571,121.78
Interest payable
Dividend payable
Other accounts payable 28,690,670.94 35,613,570.14
Reinsurance premiums payable
Insurance contract reserves
Payables for acting trading of
securities
Payables for acting underwriting of
securities
Liabilities held for sale
Non-current liabilities due within 1
year
Other current liabilities
Total current liabilities 597,480,011.63 432,410,612.55
Non-current liabilities:
Long-term borrowings
Bonds payable
Long-term payables
Specific payables
Estimated liabilities
Deferred income tax liabilities 5,279,860.64 4,891,338.97
Other non-current liabilities 11,059,551.05 11,092,550.73
Total non-current liabilities 16,339,411.69 15,983,889.70
Total liabilities 613,819,423.32 448,394,502.25
Owners’ equity (or shareholders’
equity)
Paid-up capital (or share capital) 978,563,745.00 978,563,745.00
Capital reserves 589,876,519.74 589,876,519.74
Less: Treasury stock
Specific reserves
Other comprehensive income 29,919,210.28 27,717,587.47
Surplus reserves 622,494,531.96 622,494,531.96
Provisions for general risks
16
Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.
Retained profits 816,116,584.00 671,929,537.57
Total equity attributable to owners of
3,036,970,590.98 2,890,581,921.74
the Company
Minority interests 49,426,472.14 34,805,128.86
Total owners’ (or shareholders’) equity 3,086,397,063.12 2,925,387,050.60
Total liabilities and owners’ (or
3,700,216,486.44 3,373,781,552.85
shareholders’) equity
Legal representative: Pan Jie Person-in-charge of the accounting work: Pan Jie Accounting Manager: Yin Jianchun
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 486,400,839.64 581,390,386.39
Financial assets measured at fair
value and of which changes are 71,815,937.00 3,903,197.90
recorded into current gains and losses
Notes receivable 269,071,862.54 153,942,432.66
Accounts receivable 558,930,304.38 428,330,282.09
Accounts paid in advance 72,537,860.24 29,435,327.20
Interest receivable
Dividend receivable
Other accounts receivable 78,342,658.65 71,612,354.13
Inventories 491,041,028.11 472,321,376.79
Assets held for sale
Non-current assets due within 1 year
Other current assets 3,284,853.44 3,790,803.20
Total current assets 2,031,425,344.00 1,744,726,160.36
Non-current assets:
Available-for-sale financial assets 65,224,547.36 62,634,402.88
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investment 916,686,980.83 909,743,887.15
Investing property
17
Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.
Fixed assets 341,148,622.52 370,702,024.40
Construction in progress 109,693,767.03 74,051,205.53
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 126,370,027.18 129,859,177.45
R&D expense
Goodwill
Long-term deferred expenses
Deferred income tax assets 26,796,887.25 26,102,706.56
Other non-current assets 48,272,472.45 47,394,194.81
Total of non-current assets 1,634,193,304.62 1,620,487,598.78
Total assets 3,665,618,648.62 3,365,213,759.14
Current liabilities:
Short-term borrowings
Financial liabilities measured at fair
value and of which changes are
recorded into current gains and losses
Notes payable
Accounts payable 413,323,724.99 321,372,591.12
Accounts received in advance 57,189,077.00 45,547,349.36
Employee’s compensation payable 67,710,637.37 60,356,477.70
Tax payable 43,440,255.65 13,335,938.26
Interest payable
Dividend payable
Other accounts payable 86,648,616.68 60,963,050.92
Liabilities held for sale
Non-current liabilities due within 1
year
Other current liabilities
Total current liabilities 668,312,311.69 501,575,407.36
Non-current liabilities:
Long-term borrowings
Bonds payable
18
Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.
Long-term payables
Specific payables
Estimated liabilities
Deferred income tax liabilities 5,279,860.64 4,891,338.97
Other non-current liabilities 10,245,800.80 10,162,550.77
Total non-current liabilities 15,525,661.44 15,053,889.74
Total liabilities 683,837,973.13 516,629,297.10
Owners’ equity (or shareholders’
equity)
Paid-up capital (or share capital) 978,563,745.00 978,563,745.00
Capital reserves 586,987,786.91 586,971,589.06
Less: Treasury stock
Specific reserves
Other comprehensive income 29,919,210.28 27,717,587.47
Surplus reserves 622,494,531.96 622,494,531.96
Provisions for general risks
Retained profits 763,815,401.34 632,837,008.55
Total owners’ (or shareholders’) equity 2,981,780,675.49 2,848,584,462.04
Total liabilities and owners’ (or
3,665,618,648.62 3,365,213,759.14
shareholders’) equity
Legal representative: Pan Jie Person-in-charge of the accounting work: Pan Jie Accounting Manager: Yin Jianchun
3. Consolidated income statement for the reporting period
Prepared by Foshan Electrical and Lighting Co., Ltd.
Unit: RMB Yuan
Item Jul.-Sept. 2014 Jul.-Sept. 2013
I. Total operating revenues 813,054,868.99 684,057,904.65
Including: Sales income 813,054,868.99 684,057,904.65
Interest income
Premium income
Handling charge and
commission income
II. Total operating cost 736,252,905.21 574,230,695.71
Including: Cost of sales 622,564,216.73 482,562,988.00
19
Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.
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 5,781,243.33 7,610,919.92
Selling and distribution expenses 41,394,727.55 28,057,422.65
Administrative expenses 68,202,701.20 58,138,625.56
Financial expenses -1,767,720.58 -2,047,232.28
Asset impairment loss 77,736.98 -92,028.14
Add: Gain/(loss) from change in fair
263,325.00 9,957.35
value (“-” means loss)
Gain/(loss) from investment (“-”
4,283,490.23 -1,649,540.44
means loss)
Including: share of profits in
-1,974,838.28 -758,976.90
associates and joint ventures
Foreign exchange gains (“-”
means loss)
III. Business profit (“-” means loss) 81,348,779.01 108,187,625.85
Add: non-operating income 53,469,038.32 699,688.91
Less: non-operating expense 328,352.43 1,370,566.39
Including: loss from non-current
89,848.46 1,166,140.69
asset disposal
IV. Total profit (“-” means loss) 134,489,464.90 107,516,748.37
Less: Income tax expense 21,649,281.23 18,668,571.05
V. Net profit (“-” means loss) 112,840,183.67 88,848,177.32
Including: Net profit achieved by
combined parties before the
combinations
Attributable to owners of the
111,798,106.18 88,004,196.93
Company
Minority shareholders’ income 1,042,077.49 843,980.39
20
Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.
VI. Earnings per share -- --
(I) Basic earnings per share 0.114 0.090
(II) Diluted earnings per share 0.114 0.090
Ⅶ. Other comprehensive incomes 4,603,393.15 -800,590.11
Including: Other comprehensive
incomes items that cannot be
4,603,393.15 -800,590.11
reclassified as gains and losses in the
subsequent accounting periods
Other comprehensive incomes items
that will be reclassified as gains and
losses in the subsequent accounting
periods as relevant requirements are
met
Ⅷ. Total comprehensive incomes 117,443,576.82 88,047,587.21
Attributable to owners of the
116,401,499.33 87,203,606.82
Company
Attributable to minority shareholders 1,042,077.49 843,980.39
Legal representative: Pan Jie Person-in-charge of the accounting work: Pan Jie Accounting Manager: 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. 2014 Jul.-Sept. 2013
I. Total sales 806,665,406.65 712,519,086.03
Less: cost of sales 640,443,951.13 527,208,298.40
Business taxes and surcharges 3,478,834.42 6,348,714.97
Distribution expenses 39,720,980.54 27,601,609.60
Administrative expenses 59,903,503.42 46,793,393.10
Financial costs 309,962.70 -601,532.13
Impairment loss 239,314.19 49,218.19
Add: gain/(loss) from change in fair
263,325.00 9,957.35
value (“-” means loss)
Gain/(loss) from investment (“-”
4,283,490.23 -1,649,540.44
means loss)
Including: income form investment
-1,974,838.28 -758,976.90
on associates and joint ventures
21
Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.
II. Business profit (“-” means loss) 67,115,675.48 103,479,800.81
Add: non-business income 53,186,773.16 653,793.77
Less: non-business expense 259,672.88 1,370,566.39
Including: loss from non-current
76,836.26 1,164,483.39
asset disposal
III. Total profit (“-” means loss) 120,042,775.76 102,763,028.19
Less: income tax expense 18,940,646.61 17,195,034.55
IV. Net profit (“-” means loss) 101,102,129.15 85,567,993.64
V. Earnings per share -- --
(I) Basic earnings per share
(II) Diluted earnings per share
VI. Other comprehensive income 4,603,393.15 -800,590.11
Including: Other comprehensive
incomes items that cannot be
4,603,393.15 -800,590.11
reclassified as gains and losses in the
subsequent accounting periods
Other comprehensive incomes items
that will be reclassified as gains and
losses in the subsequent accounting
periods as relevant requirements are
met
VII. Total comprehensive income 105,705,522.30 84,767,403.53
Legal representative: Pan Jie Person-in-charge of the accounting work: Pan Jie Accounting Manager: Yin Jianchun
5. Consolidated income statement for Jan.-Sept. 2014
Prepared by Foshan Electrical and Lighting Co., Ltd.
Unit: RMB Yuan
Item Jan.-Sept. 2014 Jan.-Sept. 2013
I. Total operating revenues 2,356,113,627.02 1,892,318,350.71
Including: Sales income 2,356,113,627.02 1,892,318,350.71
Interest income
Premium income
Handling charge and commission
income
II. Total operating cost 2,072,803,238.63 1,649,857,281.07
Including: Cost of sales 1,778,781,496.88 1,408,238,197.12
22
Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.
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 20,911,197.63 21,308,551.24
Selling and distribution expenses 104,362,640.48 72,488,662.73
Administrative expenses 172,698,040.65 136,071,027.09
Financial expenses -7,501,068.21 -6,011,050.17
Asset impairment loss 3,550,931.20 17,761,893.06
Add: Gain/(loss) from change in fair
1,379,081.46 -59,744.10
value (“-” means loss)
Gain/(loss) from investment (“-”
22,398,896.01 -2,594,601.70
means loss)
Including: share of profits in
-4,570,361.37 -3,069,750.70
associates and joint ventures
Foreign exchange gains (“-” means
loss)
III. Business profit (“-” means loss) 307,088,365.86 239,806,723.84
Add: non-operating income 56,763,405.38 72,379,849.08
Less: non-operating expense 443,807.91 12,071,005.22
Including: loss from non-current
199,691.48 3,385,562.00
asset disposal
IV. Total profit (“-” means loss) 363,407,963.33 300,115,567.70
Less: Income tax expense 63,339,145.18 58,282,913.30
V. Net profit (“-” means loss) 300,068,818.15 241,832,654.40
Including: Net profit achieved by
combined parties before the
combinations
Attributable to owners of the
300,757,245.63 241,051,488.30
Company
Minority shareholders’ income -688,427.48 781,166.10
23
Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.
VI. Earnings per share -- --
(I) Basic earnings per share 0.307 0.246
(II) Diluted earnings per share 0.307 0.246
Ⅶ. Other comprehensive incomes 2,201,622.81 -4,603,393.15
Including: Other comprehensive
incomes items that cannot be
2,201,622.81 -4,603,393.15
reclassified as gains and losses in the
subsequent accounting periods
Other comprehensive incomes items
that will be reclassified as gains and
losses in the subsequent accounting
periods as relevant requirements are
met
Ⅷ. Total comprehensive incomes 302,270,440.96 237,229,261.25
Attributable to owners of the
302,958,868.44 236,448,095.15
Company
Attributable to minority shareholders -688,427.48 781,166.10
Legal representative: Pan Jie Person-in-charge of the accounting work: Pan Jie Accounting Manager: Yin Jianchun
6. Income statement of the Company for Jan.-Sept. 2014
Prepared by Foshan Electrical and Lighting Co., Ltd.
Unit: RMB Yuan
Item Jan.-Sept. 2014 Jan.-Sept. 2013
I. Total sales 2,376,898,585.23 1,935,912,791.35
Less: cost of sales 1,852,122,043.43 1,487,933,964.45
Business taxes and surcharges 14,672,962.49 17,975,995.97
Distribution expenses 100,712,956.80 71,329,314.68
Administrative expenses 149,762,871.66 119,847,247.35
Financial costs -1,606,596.11 -1,223,030.03
Impairment loss 3,188,721.21 16,214,455.98
Add: gain/(loss) from change in fair
1,379,081.46 -59,744.10
value (“-” means loss)
Gain/(loss) from investment (“-”
27,286,940.89 -3,973,874.21
means loss)
Including: income form investment
-4,570,361.37 -3,069,750.70
on associates and joint ventures
24
Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.
II. Business profit (“-” means loss) 286,711,648.10 219,801,224.64
Add: non-business income 56,311,598.43 72,143,208.31
Less: non-business expense 326,629.40 10,711,261.61
Including: loss from non-current
138,590.12 2,072,759.45
asset disposal
III. Total profit (“-” means loss) 342,696,617.13 281,233,171.34
Less: income tax expense 55,148,025.14 51,349,492.91
IV. Net profit (“-” means loss) 287,548,591.99 229,883,678.43
V. Earnings per share -- --
(I) Basic earnings per share
(II) Diluted earnings per share
VI. Other comprehensive income 2,201,622.81 -4,603,393.15
Including: Other comprehensive
incomes items that cannot be
2,201,622.81 -4,603,393.15
reclassified as gains and losses in the
subsequent accounting periods
Other comprehensive incomes items
that will be reclassified as gains and
losses in the subsequent accounting
periods as relevant requirements are
met
VII. Total comprehensive income 289,750,214.80 225,280,285.28
Legal representative: Pan Jie Person-in-charge of the accounting work: Pan Jie Accounting Manager: Yin Jianchun
7. Consolidated cash flow statement for Jan.-Sept. 2014
Prepared by Foshan Electrical and Lighting Co., Ltd.
Unit: RMB Yuan
Item Jan.-Sept. 2014 Jan.-Sept. 2013
I. Cash flows from operating activities:
Cash received from sale of
2,076,769,836.60 1,844,519,336.35
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
25
Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.
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 72,644,129.98 15,853,863.74
Other cash received relating to
20,082,032.78 25,143,917.00
operating activities
Subtotal of cash inflows from operating
2,169,495,999.36 1,885,517,117.09
activities
Cash paid for goods and services 1,326,879,168.41 1,240,973,157.57
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 395,252,355.70 333,964,568.46
Various taxes paid 173,347,398.11 200,564,389.73
Other cash payment relating to
114,657,687.66 95,865,721.54
operating activities
Subtotal of cash outflows from
2,010,136,609.88 1,871,367,837.30
operating activities
Net cash flows from operating activities 159,359,389.48 14,149,279.79
26
Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.
II. Cash flows from investing activities:
Cash received from withdrawal of
84,584,789.24 50,998,477.41
investments
Cash received from return on
26,897,948.09 10,312,343.03
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 investing
111,482,737.33 85,500,020.44
activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 61,725,661.90 59,805,018.12
assets
Cash paid for investment 139,846,192.64
Net increase of pledged loans
Net cash paid to acquire subsidiaries
11,512,886.32
and other business units
Other cash payments relating to
investing activities
Subtotal of cash outflows from
213,084,740.86 59,805,018.12
investing activities
Net cash flows from investing activities -101,602,003.53 25,695,002.32
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
2,452.04
financing activities
27
Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.
Subtotal of cash inflows from financing
2,452.04
activities
Repayment of borrowings
Cash paid for interest expenses and
149,551,837.14 303,060,218.66
distribution of dividends or profit
Including: dividends or profit paid
by subsidiaries to minority shareholders
Other cash payments relating to
2,034,300.00
financing activities
Sub-total of cash outflows from
151,586,137.14 303,060,218.66
financing activities
Net cash flows from financing activities -151,583,685.10 -303,060,218.66
IV. Effect of foreign exchange rate
-3,983,205.58 -3,354,640.01
changes on cash and cash equivalents
V. Net increase in cash and cash
-97,809,504.73 -266,570,576.56
equivalents
Add: Opening balance of cash and
897,675,824.22 985,450,890.74
cash equivalents
VI. Closing balance of cash and cash
799,866,319.49 718,880,314.18
equivalents
Legal representative: Pan Jie Person-in-charge of the accounting work: Pan Jie Accounting Manager: Yin Jianchun
8. Cash flow statement of the Company for Jan.-Sept. 2014
Prepared by Foshan Electrical and Lighting Co., Ltd.
Unit: RMB Yuan
Item Jan.-Sept. 2014 Jan.-Sept. 2013
I. Cash flows from operating activities:
Cash received from sale of
2,036,003,201.81 1,831,220,680.64
commodities and rendering of service
Tax refunds received 72,511,885.64 15,853,863.74
Other cash received relating to
17,748,548.58 18,923,896.29
operating activities
Subtotal of cash inflows from operating
2,126,263,636.03 1,865,998,440.67
activities
Cash paid for goods and services 1,581,047,195.45 1,339,274,475.52
Cash paid to and for employees 158,412,719.46 239,790,954.81
28
Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.
Various taxes paid 109,706,043.58 162,510,170.24
Other cash payment relating to
119,487,110.64 91,573,255.20
operating activities
Subtotal of cash outflows from
1,968,653,069.13 1,833,148,855.77
operating activities
Net cash flows from operating activities 157,610,566.90 32,849,584.90
II. Cash flows from investing activities:
Cash received from retraction of
84,584,789.24 68,601,897.00
investments
Cash received from return on
31,785,992.97 10,312,343.03
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 investing
116,370,782.21 103,103,440.03
activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 53,116,260.50 57,423,775.50
assets
Cash paid for investment 164,206,192.64 62,000,000.00
Net cash paid to acquire subsidiaries
and other business units
Other cash payments relating to
investing activities
Subtotal of cash outflows from
217,322,453.14 119,423,775.50
investing activities
Net cash flows from investing activities -100,951,670.93 -16,320,335.47
III. Cash Flows from Financing
Activities:
Cash received from capital
contributions
Cash received from borrowings
Cash received from issuance of
bonds
29
Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.
Other cash received relating to
financing activities
Subtotal of cash inflows from financing
activities
Repayment of borrowings
Cash paid for interest expenses and
147,665,237.14 303,060,218.66
distribution of dividends or profit
Other cash payments relating to
financing activities
Sub-total of cash outflows from
147,665,237.14 303,060,218.66
financing activities
Net cash flows from financing activities -147,665,237.14 -303,060,218.66
IV. Effect of foreign exchange rate
-3,983,205.58 -3,354,640.01
changes on cash and cash equivalents
V. Net increase in cash and cash
-94,989,546.75 -289,885,609.24
equivalents
Add: Opening balance of cash and
581,390,386.39 699,511,754.78
cash equivalents
VI. Closing balance of cash and cash
486,400,839.64 409,626,145.54
equivalents
Legal representative: Pan Jie Person-in-charge of the accounting work: Pan Jie Accounting Manager: Yin Jianchun
II. Audit report
Is this report audited?
□ Yes √ No
This report is not audited.
Board of Directors
Foshan Electrical and Lighting Co.,Ltd
28 Oct 2014
30