Report for the First Quarter of 2015 of Foshan Electrical and Lighting Co., Ltd.
Foshan Electrical and Lighting Co., Ltd.
Report for the First Quarter of 2015
April 2015
1
Report for the First Quarter of 2015 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.
All directors have attended in person the board session for reviewing this report except the
following:
Name Position Reason for not attending the session in person Name of the proxy
Ye zaiyou Director ON business Liu xingming
Pan Jie, company principal and chief of the accounting work, and Yin Jianchun, chief of the
accounting organ (chief of accounting), hereby confirm that the Financial Report enclosed in this
report is factual, accurate and complete.
2
Report for the First Quarter of 2015 of Foshan Electrical and Lighting Co., Ltd.
Section II. Financial Highlights & Changes in Shareholders
I. Main accounting data and financial indicators
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
Jan.-Mar. 2015 Jan.-Mar. 2014 +/- (%)
Operating revenues (RMB Yuan) 767,330,509.62 700,112,630.46 9.60%
Net profit attributable to shareholders of
99,482,670.12 71,352,349.51 39.42%
the Company (RMB Yuan)
Net profit attributable to shareholders of
the Company after extraordinary gains and 81,758,984.51 70,585,391.84 15.83%
losses (RMB Yuan)
Net cash flows from operating activities
67,138,040.36 82,012,774.68 -18.14%
(RMB Yuan)
Basic EPS (RMB Yuan/share) 0.102 0.073 39.73%
Diluted EPS (RMB Yuan/share) 0.102 0.073 39.73%
Weighted average ROE (%) 3.22% 2.44% 0.78%
31 Mar. 2015 31 Dec. 2014 +/- (%)
Total assets (RMB Yuan) 3,834,616,629.86 3,736,704,336.40 2.62%
Net assets attributable to shareholders of
3,126,382,990.82 3,044,585,720.58 2.69%
the Company (RMB Yuan)
Items and amounts of extraordinary gains and losses
√ Applicable □ Inapplicable
Unit: RMB Yuan
Item Jan.-Mar. 2015 Explanation
Gains/losses on the disposal of non-current assets (including the
-301,166.90
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
624,400.72
certain quotas or amounts according to the government’s unified
standards
Gains and losses on change in fair value from tradable financial
assets and tradable financial liabilities, as well as investment
17,063,266.56
income from disposal of tradable financial assets and tradable
financial liabilities and financial assets available for sales except
3
Report for the First Quarter of 2015 of Foshan Electrical and Lighting Co., Ltd.
for effective hedging related with normal businesses of the
Company
Non-operating income and expense other than the above 137,214.38
Other gain and loss items that meet the definition of an
433,548.10
extraordinary gain/loss
Less: Income tax effects 165,777.10
Minority interests effects (after tax) 67,800.15
Total 17,723,685.61 --
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 in the reporting period.
II. Total number of shareholders at the period-end and shareholdings of top 10 shareholders
1. Total number of common shareholders at the period-end and shareholdings of top 10 common
shareholders
Unit: share
Total number of common
94,673
shareholders at the period-end
Shareholdings of top 10 common shareholders
Number of Pledged or frozen shares
Name of Nature of Shareholding Number of shares
restricted shares
shareholder shareholder percentage (%) held Status of shares Number of shares
held
OSRAM Holding
Foreign
Company 13.47% 131,815,685
corporation
Limited
Prosperity Lamps
Foreign
& Components 10.50% 102,751,648
corporation
Limited
Essence
International Foreign
2.02% 19,735,497
Securities (Hong corporation
Kong) Co., Ltd.
DBS
Foreign
VICKERS(HON 1.79% 17,501,979
corporation
G KONG) LTD
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Report for the First Quarter of 2015 of Foshan Electrical and Lighting Co., Ltd.
A/C CLIENTS
Agricultural
Bank of China
–China Post Core Other 1.64% 16,002,000
Growth Stock
Fund
Foreign
Zhuang Jianyi 0.85% 8,324,132
individual
National Social
Security Fund Other 0.80% 7,875,787
Portfolio No. 401
Agricultural
Bank of China
Co., Ltd.—SWS
MU China
Securities
Environmental Other 0.53% 5,226,561
Protection
Industry Index
Classification
Securities
Investment Fund
Domestic
Zou Hanshu 0.51% 5,000,000
individual
BBH A/C
VANGUARD
EMERGING Foreign
0.47% 4,592,770
MARKETS corporation
STOCK INDEX
FUND
Shareholdings of top 10 non-restricted common shareholders
Variety of shares
Name of shareholder Number of non-restricted common shares held
Variety Number
RMB ordinary
OSRAM Holding Company Limited 131,815,685 131,815,685
shares
Prosperity Lamps & Components RMB ordinary
102,751,648 102,751,648
Limited shares
Domestically
Essence International Securities
19,735,497 listed foreign 19,735,497
(Hong Kong) Co., Ltd.
shares
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Report for the First Quarter of 2015 of Foshan Electrical and Lighting Co., Ltd.
Domestically
DBS VICKERS(HONG KONG)
17,501,979 listed foreign 17,501,979
LTD A/C CLIENTS
shares
Agricultural Bank of China –China RMB ordinary
16,002,000 16,002,000
Post Core Growth Stock Fund shares
Domestically
Zhuang Jianyi 8,324,132 listed foreign 8,324,132
shares
National Social Security Fund RMB ordinary
7,875,787 7,875,787
Portfolio No. 401 shares
Agricultural Bank of China Co.,
Ltd.—SWS MU China Securities
RMB ordinary
Environmental Protection Industry 5,226,561 5,226,561
shares
Index Classification Securities
Investment Fund
RMB ordinary
Zou Hanshu 5,000,000 5,000,000
shares
BBH A/C VANGUARD Domestically
EMERGING MARKETS STOCK 4,592,770 listed foreign 4,592,770
INDEX FUND 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.
Top 10 common shareholders taking Zou Shuhan, an individual shareholder, holds 0 shares in the Company through the common
part in securities margin trading (if securities account and 5,000,000 shares through a credit trading guarantee securities account.
any) As such, the shares that he holds in the Company total 5,000,000 shares.
Did any of the top 10 common shareholders or the top 10 non-restricted common shareholders of the Company
conduct any promissory repo during the reporting period?
□ Yea √ No
No such cases in the reporting period.
2. Total number of preferred shareholders at the period-end and shareholdings of top 10 preferred
shareholders
□ Applicable √ Inapplicable
6
Report for the First Quarter of 2015 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
√ Applicable □ Inapplicable
Unit: RMB Yuan
Opening balance/
Closing balance/ Ratio of
Statement item Same period of Reason for change
Current period change
last year
Financial assets measured 68,916,391.00 20,320.00 339055.47% Stocks purchased
at fair value with changes increased.
recorded into current gains
and losses
Prepayments 23,798,780.10 12,551,566.91 89.61% Prepayments for
materials increased.
Interest receivable 4,007,764.53 2,101,275.54 90.73% The interest receivable
on term deposits in
banks increased.
Other current assets 10,354,867.56 31,783,068.68 -67.42% The undeducted input
tax decreased.
Long-term deferred 1,230,925.74 918,958.73 33.95% Decoration of the rented
expenses plants increased.
Taxes and fares payable 21,823,776.88 13,881,113.81 57.22% Various taxes and fares
increased.
Selling expenses 21,558,608.80 34,383,380.15 -37.30% The marketing expenses
decreased.
Financial expenses -6,645,447.07 -3,547,566.46 87.32% Exchange gains
increased.
Asset impairment losses 3,865,036.47 -1,518,200.77 354.58% Bad-debt provisions
increased.
Gains on fair value changes 388,061.46 99,573.50 289.72% The fair value of
transactional financial
assets changed.
Investment gains 17,245,640.35 -998,467.92 1827.21% The gains on sale of
securities increased.
Non-operating expenses 375,700.60 7,102.82 5189.46% Scrapped assets
increased.
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Report for the First Quarter of 2015 of Foshan Electrical and Lighting Co., Ltd.
Tax and fare refunds 9,580,359.33 17,593,990.28 -45.55% The export tax rebates
decreased.
Cash received as 17,496,814.66 0.00 100.00% The gains on sale of
investment gains stocks increased.
Cash paid for investment 62,132,280.92 1,645,600.00 3675.66% Securities investments
increased.
II. Progress of significant events and analysis & explanations on their influence and solutions
√ Applicable □ Inapplicable
1. In Mar. 2013, CSRC Guangdong administered an administrative punishment on the illegal information
disclosure of the Company. During the period from Sept. 2013 to Mar. 2015, a total of 2279 plaintiffs separately
sued the Company to Guangzhou Intermediate People’s Court for false securities statement, demanding civil
compensations of RMB 335.8907 million and HKD 1.328 million from the Company for its illegal information
disclosure. In Nov.-Dec. 2014, Guangzhou Intermediate Court issued the judgments of the first instance for the
955 cases among the aforesaid cases, ruling that the Company should make compensations of RMB 60.4108
million to the 955 plaintiffs and at the same time bear the court acceptance fees of RMB 1.0275 million. Not
satisfied with the judgments, the Company has filed an appeal to Guangdong High Court. The appeal is still
pending. Apart from the said 955 cases, other cases are still in trial with no judgments issued yet.
2. The plan for the back door listing of Hefei Guoxuan High-tech Power Energy Co., Ltd. (―Guoxuan High-tech‖),
where the Company held a stake, through Jiangsu Dongyuan Electrical Group Co., Ltd. (―Dongyuan Electrical‖)
was reviewed and approved unconditionally by the Listed Company Merger and Reorganization Examination
Committee of CSRC on 2 Apr. 2015. Upon completion of the back door listing, the equity interests held by the
Company in Guoxuan High-tech would be converted to restricted equity interests in Dongyuan Electrical. (For
details, see Announcement No. 2015-008 disclosed on www.cninfo.com.cn dated 3 Apr. 2015.)
III. Commitments made by the Company or any shareholder with a shareholding over 5% in
the reporting period or such commitments made in previous period and carried down into the
reporting period
□ Applicable √ Inapplicable
No such cases in the reporting period.
IV. Predict the operating results of Jan.-Jun. 2015
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
8
Report for the First Quarter of 2015 of Foshan Electrical and Lighting Co., Ltd.
V. Securities investments
√ Applicable □ Inapplicable
Closing Closing Gain and
Initial Opening Opening
Closing sharehold book loss in
Securities Securities Securities investme sharehold sharehol reporting Accounti Stock
nt cost ding shareholdi ing value
variety code abbr. ing period ng title source
(RMB percenta ng (share) percentag (RMB
(share) (RMB
Yuan) ge e Yuan) Yuan)
Transacti
002736 onal
Stock GXZQ 11,660.00 2,000 2,000 44,360.00
financial
asset
Transacti
onal
Stock 300413 KLG 4,530.00 500 0 11,958.67
financial
asset
Transacti
onal
Stock 300418 KLWW 10,150.00 500 0 23,126.61
financial
asset
Transacti
601021 onal
Stock CQHK 18,160.00 1,000 0 50,547.20
financial
asset
Transacti
1,005,199 1,283,191 onal
Stock 000601 SNGF 167,300 167,300
.54 .00 financial
asset
Transacti
onal
Stock 300421 LXGF 4,565.00 500 0 6,607.00
financial
asset
Transacti
onal
Stock 601198 DXZQ 18,360.00 2,000 2,000 50,340.00
financial
asset
Transacti
onal
Stock 603118 GJGF 11,950.00 1,000 13,705.10
financial
asset
Transacti
onal
Stock 603618 HDGF 11,650.00 1,000 14,284.40
financial
asset
Transacti
onal
Stock 603939 YFYF 19,470.00 1,000 22,454.32
financial
asset
9
Report for the First Quarter of 2015 of Foshan Electrical and Lighting Co., Ltd.
Transacti
onal
Stock 300420 WYKJ 4,135.00 500 9,076.88
financial
asset
Transacti
onal
Stock 300433 LSKJ 11,495.00 500 500 39,040.00
financial
asset
Transacti
onal
Stock 300432 FLJG 6,985.00 500 500 21,560.00
financial
asset
Transacti
onal
Stock 601689 TPJT 11,370.00 1,000 1,000 23,300.00
financial
asset
Transacti
onal
Stock 600958 DFZQ 50,150.00 5,000 53,088.25
financial
asset
Transacti
32,380,00 7,454,000 onal
Other 205008 14 Days 31,933.07
0.00 .00 financial
asset
Transacti
95,620,00 onal
Other 205001 1 Day 6,549.31
0.00 financial
asset
Transacti
12,414,00 onal
Other 205007 7 Days 9,066.92
0.00 financial
asset
Transacti
450,904,5 60,000,60 onal
Other 204001 GC001 37,980.12
09.00 0.00 financial
asset
Transacti
65,101,30 onal
Other 204002 GC002 11,247.83
2.00 financial
asset
Transacti
78,002,34 onal
Other 204003 GC003 34,060.16
0.00 financial
asset
Transacti
172,006,8 onal
Other 204004 GC004 69,930.94
80.00 financial
asset
10
Report for the First Quarter of 2015 of Foshan Electrical and Lighting Co., Ltd.
Transacti
44,402,22 onal
Other 204007 GC007 27,931.32
0.00 financial
asset
952,031,0 68,916,39 433,548.1
Total 184,300 -- 173,300 -- -- --
80.54 1.00 0
Disclosure date of the
announcement concerning the
23 Jan. 2014
board’s approval for the
securities investments
Disclosure date of the
announcement concerning the
general meeting’s approval for
the securities investments (if
any)
VI. Shareholdings in other listed companies
√ Applicable □ Inapplicable
In the reporting period, the Company sold a total of 5,000,000 shares in Everbright Bank. As at 31 Mar. 2015, the
Company held 18,546,768 shares in Everbright Bank, of which the market value amounted to RMB
87,726,146.42 yuan.
VII. Investments in derivatives
□ Applicable √ Inapplicable
No such cases in the reporting period.
VIII. Researches, visits and interviews received in the reporting period
□ Applicable √ Inapplicable
No such cases in the reporting period.
11
Report for the First Quarter of 2015 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.
31 Mar. 2015
Unit: RMB Yuan
Item Closing balance Opening balance
Current Assets:
Monetary funds 996,110,258.05 989,718,395.60
Settlement reserves
Intra-group lendings
Financial assets measured at fair
value of which changes are recorded in 68,916,391.00 20,320.00
current profits and losses
Derivative financial assets
Notes receivable 287,807,889.41 250,993,285.13
Accounts receivable 390,948,836.87 322,951,674.45
Accounts paid in advance 23,798,780.10 12,551,566.91
Premiums receivable
Reinsurance premiums receivable
Receivable reinsurance contract
reserves
Interest receivable 4,007,764.53 2,101,275.54
Dividend receivable
Other accounts receivable 75,959,586.43 74,122,844.63
Financial assets purchased under
agreements to resell
Inventories 585,489,977.46 625,794,972.48
Assets held for sale
Non-current assets due within 1 year
Other current assets 10,354,867.56 31,783,068.68
Total current assets 2,443,394,351.41 2,310,037,403.42
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Report for the First Quarter of 2015 of Foshan Electrical and Lighting Co., Ltd.
Non-current assets:
Loans by mandate and advances
granted
Available-for-sale financial assets 553,725,906.69 581,157,988.22
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investment 3,688,550.19 3,689,724.39
Investing real estate
Fixed assets 448,089,815.22 463,267,701.29
Construction in progress 105,219,658.26 90,862,098.21
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 185,577,184.96 187,114,129.71
R&D expense
Goodwill 7,360,330.45 7,360,330.45
Long-term deferred expenses 1,230,925.74 918,958.73
Deferred income tax assets 37,203,451.96 41,696,214.79
Other non-current assets 49,126,454.98 50,599,787.19
Total of non-current assets 1,391,222,278.45 1,426,666,932.98
Total assets 3,834,616,629.86 3,736,704,336.40
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 of which changes are recorded in
current profits and losses
Derivative financial liabilities
Notes payable
Accounts payable 444,451,330.43 399,330,968.48
Accounts received in advance 49,189,121.14 60,842,257.61
13
Report for the First Quarter of 2015 of Foshan Electrical and Lighting Co., Ltd.
Financial assets sold for repurchase
Handling charges and commissions
payable
Payroll payable 37,214,391.47 58,315,210.64
Tax payable 21,823,776.88 13,881,113.81
Interest payable
Dividend payable
Other accounts payable 22,444,277.20 21,923,820.48
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 575,122,897.12 554,293,371.02
Non-current liabilities:
Long-term borrowings
Bonds payable
Of which: preferred shares
Perpetual bonds
Long-term payables
Long-term payroll payables
Specific payables
Estimated liabilities 61,438,275.16 61,438,275.16
Deferred income 10,888,916.46 10,955,833.27
Deferred income tax liabilities 12,381,224.26 15,516,937.71
Other non-current liabilities
Total non-current liabilities 84,708,415.88 87,911,046.14
Total liabilities 659,831,313.00 642,204,417.16
Owners’ equity:
Share capital 978,563,745.00 978,563,745.00
14
Report for the First Quarter of 2015 of Foshan Electrical and Lighting Co., Ltd.
Other equity instruments
Of which: preferred shares
Perpetual bonds
Capital reserves 589,892,717.59 589,892,717.59
Less: Treasury stock
Other comprehensive income 54,464,938.81 72,150,338.69
Specific reserves
Surplus reserves 626,168,440.86 626,168,440.86
Provisions for general risks
Retained profits 877,293,148.56 777,810,478.44
Total equity attributable to owners of
3,126,382,990.82 3,044,585,720.58
the Company
Minority interests 48,402,326.04 49,914,198.66
Total owners’ equity 3,174,785,316.86 3,094,499,919.24
Total liabilities and owners’ equity 3,834,616,629.86 3,736,704,336.40
Legal representative: Pan Jie Chief of the accounting work: Pan Jie
Chief of the accounting organ: Yin Jianchun
2. Balance sheet of the Company
Unit: RMB Yuan
Item Closing balance Opening balance
Current Assets:
Monetary funds 685,759,154.27 685,652,777.19
Financial assets measured at fair
value of which changes are recorded in 68,916,391.00 20,320.00
current profits and losses
Derivative financial assets
Notes receivable 271,753,905.23 240,920,585.13
Accounts receivable 443,349,752.21 335,793,103.52
Accounts paid in advance 23,470,820.36 16,580,637.31
Interest receivable
Dividend receivable
Other accounts receivable 150,402,690.44 142,329,039.45
Inventories 541,486,418.15 578,978,618.17
15
Report for the First Quarter of 2015 of Foshan Electrical and Lighting Co., Ltd.
Assets held for sale
Non-current assets due within 1 year
Other current assets 1,927,835.89 27,359,093.82
Total current assets 2,187,066,967.55 2,027,634,174.59
Non-current assets:
Available-for-sale financial assets 553,725,906.69 581,157,988.22
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investment 445,638,489.95 445,639,664.15
Investing real estate
Fixed assets 350,634,106.11 362,743,711.79
Construction in progress 100,202,936.84 88,784,906.41
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 124,043,927.00 125,206,977.08
R&D expense
Goodwill
Long-term deferred expenses
Deferred income tax assets 29,561,478.38 33,978,127.89
Other non-current assets 48,470,000.98 48,778,664.19
Total of non-current assets 1,652,276,845.95 1,686,290,039.73
Total assets 3,839,343,813.50 3,713,924,214.32
Current liabilities:
Short-term borrowings
Financial liabilities measured at fair
value of which changes are recorded in
current profits and losses
Derivative financial liabilities
Notes payable
Accounts payable 525,866,071.57 447,190,248.26
Accounts received in advance 47,102,715.72 56,335,813.10
Payroll payable 35,940,700.33 56,655,167.35
Tax payable 13,947,004.18 5,496,341.46
16
Report for the First Quarter of 2015 of Foshan Electrical and Lighting Co., Ltd.
Interest payable
Dividend payable
Other accounts payable 82,629,037.32 89,738,558.57
Liabilities held for sale
Non-current liabilities due within 1
year
Other current liabilities
Total current liabilities 705,485,529.12 655,416,128.74
Non-current liabilities:
Long-term borrowings
Bonds payable
Of which: preferred shares
Perpetual bonds
Long-term payables
Long-term payroll payables
Specific payables
Estimated liabilities 61,438,275.16 61,438,275.16
Deferred income 10,152,666.45 10,180,833.31
Deferred income tax liabilities 9,670,968.01 12,733,711.71
Other non-current liabilities
Total non-current liabilities 81,261,909.62 84,352,820.18
Total liabilities 786,747,438.74 739,768,948.92
Owners’ equity:
Share capital 978,563,745.00 978,563,745.00
Other equity instruments
Of which: preferred shares
Perpetual bonds
Capital reserves 586,987,786.91 586,987,786.91
Less: Treasury stock
Other comprehensive income 54,464,938.81 72,150,338.69
Specific reserves
Surplus reserves 626,168,440.86 626,168,440.86
Retained profits 806,411,463.18 710,284,953.94
Total owners’ equity 3,052,596,374.76 2,974,155,265.40
17
Report for the First Quarter of 2015 of Foshan Electrical and Lighting Co., Ltd.
Total liabilities and owners’ equity 3,839,343,813.50 3,713,924,214.32
3. Consolidated income statement
Unit: RMB Yuan
Item Jan.-Mar. 2015 Jan.-Mar. 2014
I. Total operating revenues 767,330,509.62 700,112,630.46
Including: Sales income 767,330,509.62 700,112,630.46
Interest income
Premium income
Handling charge and commission
income
II. Total operating costs 665,290,270.04 611,264,543.97
Including: Cost of sales 585,139,283.86 527,644,510.82
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 4,427,534.18 7,873,777.79
Selling and distribution expenses 21,558,608.80 34,383,380.15
Administrative expenses 56,945,253.80 46,428,642.44
Financial expenses -6,645,447.07 -3,547,566.46
Asset impairment loss 3,865,036.47 -1,518,200.77
Add: Gain/(loss) from change in fair
388,061.46 99,573.50
value (―-‖ means loss)
Gain/(loss) from investment (―-‖
17,245,640.35 -998,467.92
means loss)
Including: share of profits in
-1,174.20 -748,467.93
associates and joint ventures
Foreign exchange gains (―-‖ means
loss)
III. Business profit (―-‖ means loss) 119,673,941.39 87,949,192.07
18
Report for the First Quarter of 2015 of Foshan Electrical and Lighting Co., Ltd.
Add: non-operating income 836,148.80 815,210.60
Including: Gains on disposal of
0.00 0.00
non-current assets
Less: non-operating expense 375,700.60 7,102.82
Including: Losses on disposal of
301,166.86 1,954.00
non-current assets
IV. Total profit (―-‖ means loss) 120,134,389.59 88,757,299.85
Less: Income tax expense 22,163,592.09 18,098,067.87
V. Net profit (―-‖ means loss) 97,970,797.50 70,659,231.98
Net profit attributable to owners of
99,482,670.12 71,352,349.51
the Company
Minority shareholders’ income -1,511,872.62 -693,117.53
VI. After-tax net amount of other
-17,685,399.88 -3,602,655.50
comprehensive incomes
After-tax net amount of other
comprehensive incomes attributable to -17,685,399.88 -3,602,655.50
owners of the Company
(I) Other comprehensive incomes
that will not be reclassified into gains and
losses
1. Changes in net liabilities or
assets with a defined benefit plan upon
re-measurement
2. Enjoyable shares in other
comprehensive incomes in investees that
cannot be reclassified into gains and
losses under the equity method
(II) Other comprehensive incomes
that will be reclassified into gains and -17,685,399.88 -3,602,655.50
losses
1. Enjoyable shares in other
comprehensive incomes in investees that
will be reclassified into gains and losses
under the equity method
2. Gains and losses on fair
value changes of available-for-sale -17,685,399.88 -3,602,655.55
financial assets
3. Gains and losses on
reclassifying held-to-maturity
19
Report for the First Quarter of 2015 of Foshan Electrical and Lighting Co., Ltd.
investments into available-for-sale
financial assets
4. Effective hedging gains and
losses on cash flows
5. Foreign-currency financial
statement translation difference
6. Other
After-tax net amount of other
comprehensive incomes attributable to
minority shareholders
VII. Total comprehensive incomes 80,285,397.62 67,056,576.48
Attributable to owners of the
81,797,270.24 67,749,694.01
Company
Attributable to minority
-1,511,872.62 -693,117.53
shareholders
VIII. Earnings per share
(I) Basic earnings per share 0.102 0.073
(II) Diluted earnings per share 0.102 0.073
Where business mergers under the same control occurred in this reporting period, the net profit achieved by the merged parties before
the business mergers was RMB 0, with the corresponding amount for the same period of last year being RMB 0.
Legal representative: Pan Jie Chief of the accounting work: Pan Jie
Chief of the accounting organ: Yin Jianchun
4. Income statement of the Company
Unit: RMB Yuan
Item Jan.-Mar. 2015 Jan.-Mar. 2014
I. Total sales 781,216,056.78 710,595,431.74
Less: cost of sales 618,210,511.06 552,858,150.93
Business taxes and surcharges 2,651,393.36 6,029,367.32
Distribution expenses 20,415,785.93 33,765,852.39
Administrative expenses 43,456,848.62 36,807,829.79
Financial costs -4,590,131.54 -1,751,397.19
Impairment loss 3,471,115.71 -1,576,852.66
Add: gain/(loss) from change in fair
388,061.46 99,573.50
value (―-‖ means loss)
Gain/(loss) from investment (―-‖ 17,245,640.35 -998,467.92
20
Report for the First Quarter of 2015 of Foshan Electrical and Lighting Co., Ltd.
means loss)
Including: income form investment
-1,174.20 -748,467.93
on associates and joint ventures
II. Business profit (―-‖ means loss) 115,234,235.45 83,563,586.74
Add: non-operating income 271,129.44 769,293.66
Including: Gains on disposal of
0.00 0.00
non-current assets
Less: non-operating expense 318,034.89 6,900.09
Including: Losses on disposal of
243,564.96 1,954.00
non-current assets
III. Total profit (―-‖ means loss) 115,187,330.00 84,325,980.31
Less: Income tax expense 19,060,820.76 16,058,164.69
IV. Net profit (―-‖ means loss) 96,126,509.24 68,267,815.62
V. After-tax net amount of other
-17,685,399.88 -3,602,655.50
comprehensive incomes
(I) Other comprehensive incomes that
will not be reclassified into gains and
losses
1. Changes in net liabilities or
assets with a defined benefit plan upon
re-measurement
2. Enjoyable shares in other
comprehensive incomes in investees
that cannot be reclassified into gains
and losses under the equity method
(II) Other comprehensive incomes
that will be reclassified into gains and -17,685,399.88 -3,602,655.50
losses
1. Enjoyable shares in other
comprehensive incomes in investees
that will be reclassified into gains and
losses under the equity method
2. Gains and losses on fair value
changes of available-for-sale financial -17,685,399.88 -3,602,655.50
assets
3. Gains and losses on
reclassifying held-to-maturity
investments into available-for-sale
financial assets
21
Report for the First Quarter of 2015 of Foshan Electrical and Lighting Co., Ltd.
4. Effective hedging gains and
losses on cash flows
5. Foreign-currency financial
statement translation difference
6. Other
VI. Total comprehensive incomes 78,441,109.36 64,665,160.12
VII. Earnings per share
(I) Basic earnings per share
(II) Diluted earnings per share
5. Consolidated cash flow statement
Unit: RMB Yuan
Item Jan.-Mar. 2015 Jan.-Mar. 2014
I. Cash flows from operating activities:
Cash received from sale of
657,694,684.23 644,453,166.51
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 financial
assets measured at fair value of which
changes are recorded into current gains
and losses
Cash received from interest,
handling charges and commissions
Net increase of intra-group
borrowings
Net increase of funds in repurchase
business
22
Report for the First Quarter of 2015 of Foshan Electrical and Lighting Co., Ltd.
Tax refunds received 9,580,359.33 17,593,990.28
Other cash received relating to
5,008,282.49 7,069,766.67
operating activities
Subtotal of cash inflows from operating
672,283,326.05 669,116,923.46
activities
Cash paid for goods and services 380,621,884.13 383,145,988.91
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 149,796,285.77 129,761,532.07
Various taxes paid 36,563,670.69 38,024,520.07
Other cash payment relating to
38,163,445.10 36,172,107.73
operating activities
Subtotal of cash outflows from
605,145,285.69 587,104,148.78
operating activities
Net cash flows from operating
67,138,040.36 82,012,774.68
activities
II. Cash flows from investing activities:
Cash received from withdrawal of
investments
Cash received from return on
17,496,814.66
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 investing
17,496,814.66
activities
23
Report for the First Quarter of 2015 of Foshan Electrical and Lighting Co., Ltd.
Cash paid to acquire fixed assets,
intangible assets and other long-term 16,192,196.41 13,872,864.46
assets
Cash paid for investment 62,132,280.92 1,645,600.00
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
78,324,477.33 15,518,464.46
investing activities
Net cash flows from investing activities -60,827,662.67 -15,518,464.46
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
24
Report for the First Quarter of 2015 of Foshan Electrical and Lighting Co., Ltd.
IV. Effect of foreign exchange rate
64,324.76 -479,084.11
changes on cash and cash equivalents
V. Net increase in cash and cash
6,374,702.45 66,015,226.11
equivalents
Add: Opening balance of cash and
989,718,395.60 897,675,824.22
cash equivalents
VI. Closing balance of cash and cash
996,093,098.05 963,691,050.33
equivalents
6. Cash flow statement of the Company
Unit: RMB Yuan
Item Jan.-Mar. 2015 Jan.-Mar. 2014
I. Cash flows from operating activities:
Cash received from sale of
627,489,040.22 639,190,157.42
commodities and rendering of service
Tax refunds received 9,571,389.54 17,593,990.28
Other cash received relating to
4,119,297.51 6,310,719.11
operating activities
Subtotal of cash inflows from operating
641,179,727.27 663,094,866.81
activities
Cash paid for goods and services 463,516,899.97 481,211,527.40
Cash paid to and for employees 72,668,015.91 62,805,713.62
Various taxes paid 12,368,608.54 20,956,804.44
Other cash payment relating to
33,474,157.44 34,432,441.98
operating activities
Subtotal of cash outflows from
582,027,681.86 599,406,487.44
operating activities
Net cash flows from operating
59,152,045.41 63,688,379.37
activities
II. Cash flows from investing activities:
Cash received from retraction of
investments
Cash received from return on
17,496,814.66
investments
Net cash received from disposal of
fixed assets, intangible assets and other
long-term assets
25
Report for the First Quarter of 2015 of Foshan Electrical and Lighting Co., Ltd.
Net cash received from disposal of
subsidiaries or other business units
Other cash received relating to
investing activities
Subtotal of cash inflows from investing
17,496,814.66
activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 14,479,638.28 11,928,600.46
assets
Cash paid for investment 62,132,280.92 1,645,600.00
Net cash paid to acquire subsidiaries
and other business units
Other cash payments relating to
investing activities
Subtotal of cash outflows from
76,611,919.20 13,574,200.46
investing activities
Net cash flows from investing activities -59,115,104.54 -13,574,200.46
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 52,276.21 -479,084.11
26
Report for the First Quarter of 2015 of Foshan Electrical and Lighting Co., Ltd.
changes on cash and cash equivalents
V. Net increase in cash and cash
89,217.08 49,635,094.80
equivalents
Add: Opening balance of cash and
685,652,777.19 581,390,386.39
cash equivalents
VI. Closing balance of cash and cash
685,741,994.27 631,025,481.19
equivalents
II. Auditor’s report
Is this report audited?
□ Yes √ No
This report is not audited.
Board of Directors
Foshan Electrical and Lighting Co., Ltd.
23 April 2015
27