Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2016
FOSHAN ELECTRICAL AND LIGHTING CO., LTD.
THIRD QUARTER REPORT 2016
October 2016
1
Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2016
Section I Important Statements
The board of directors (the “Board”), the board of supervisors (the “Board of Supervisors”) as well
as the directors, supervisors and senior management of Foshan Electrical and Lighting Co., Ltd. (the
“Company”) hereby guarantee the factuality, accuracy and completeness of the contents of this
Report, and shall be jointly and severally liable for any false representation, misleading statements
or material omissions in this Report.
All the directors attended the board meeting for the review of this Report.
He Yong, head of the Company, Liu Xingming, accounting head for this Report, and Tang Qionglan,
head of the accounting organ (head of accounting), hereby guarantee that the financial statements
carried in this Report are factual, accurate and complete.
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Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2016
Section II Financial Highlights & Shareholder Changes
I Highlights of accounting data and financial indicators
Whether the Company performs any retroactive adjustments to or restatements of its accounting data of last year
due to change in accounting policies or correction of accounting errors
□ Yes √ No
30 September 2016 31 December 2015 +/- (%)
Total assets (RMB) 6,153,358,060.97 6,048,296,432.78 1.74%
Net assets attributable to
shareholders of the Company 5,033,254,689.85 5,023,546,888.12 0.19%
(RMB)
January-September
July-September 2016 YoY +/- (%) YoY +/- (%)
2016
Operating revenues (RMB) 819,510,785.90 15.73% 2,575,181,713.34 15.35%
Net profit attributable to
shareholders of the Company 73,179,107.88 372.81% 280,104,920.60 281.43%
(RMB)
Net profit attributable to
shareholders of the Company
73,405,588.72 98.23% 280,042,682.40 117.35%
excluding exceptional profit and
loss (RMB)
Net cash flows from operating
-- -- 324,048,913.00 120.18%
activities (RMB)
Basic earnings per share
0.0575 372.51% 0.2202 281.63%
(RMB/share)
Diluted earnings per share
0.0575 372.51% 0.2202 281.63%
(RMB/share)
Weighted average return on equity
1.49% 1.91% 5.53% 2.54%
(%)
Exceptional profit and loss
√ Applicable □ Not applicable
Unit: RMB
Item January-September 2016 Note
Profit/loss on disposal of non-current assets (including offset asset
-978,864.75
impairment provisions)
Government grants charged to the profit/loss for the period 116,249.94
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Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2016
(except for the government grants closely related to the business
of the Company and given at a fixed quota or amount in
accordance with nationally uniform standards)
Profit/loss on entrusting others with investments or asset
5,047,341.27
management
Profit/loss on fair value changes of transactional financial assets
and liabilities & investment income from disposal of transactional
financial assets and liabilities as well as financial assets available -63,271.62
for sale, except for effective hedges related to normal business
operations of the Company
Non-operating revenue and expense other than the above -4,423,795.41
Less: Corporate income tax 166,144.74
Minority interests (after tax) -530,723.51
Total 62,238.20 --
Explanation of why the Company classified an item as exceptional profit/loss according to the definition in the
Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the
Public—Exceptional Profit and Loss, or reclassified any exceptional profit/loss item given as an example in the
said explanatory announcement to recurrent profit/loss
□ Applicable √ Not applicable
No such cases in the Reporting Period.
II Total number of shareholders and shareholdings of top 10 shareholders at the period-end
1. Total number of ordinary shareholders and preference shareholders who had resumed their voting right
& shareholdings of top 10 shareholders at the period-end
Unit: share
Total number of preference
Total number of ordinary shareholders who had
shareholders at the end of the 81,720 resumed their voting right at 0
Reporting Period the end of the Reporting
Period (if any)
Shareholdings of top 10 shareholders
Number of Pledged or frozen shares
Name of Nature of Shareholding Number of
restricted shares
shareholder shareholder percentage shares held Status Number
held
Hong Kong Wah
Foreign
Shing Holding 13.47% 171,360,391 Pledged 83,966,592
corporation
Company Limited
Prosperity Lamps &
Foreign 10.50% 133,577,143
Components
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Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2016
Limited corporation
Guangdong
Electronics State-owned
4.74% 60,357,728 Pledged 29,575,287
Information corporation
Industry Group Ltd.
Shenzhen Rising
Investment State-owned
4.52% 57,539,671
Development Co., corporation
Ltd.
Central Huijin Asset
State-owned
Management Co., 2.42% 30,799,000
corporation
Ltd.
Essence
International Foreign
1.88% 23,939,858
Securities (Hong corporation
Kong) Co., Ltd.
DBS Vickers (Hong
Foreign
Kong) Ltd A/C 1.85% 23,555,755
corporation
Clients
Hong Kong Rising
Investment Foreign
1.82% 23,165,684
Development Co., corporation
Ltd.
National Social
Security Fund Other 1.25% 15,903,957
Portfolio 113
New China Life
Insurance Co.,
Ltd.-Conventional-
Other 0.86% 10,918,992
Common Insurance
Product-018L-CT00
1-Shenzhen
Shareholdings of top 10 non-restricted shareholders
Type of shares
Name of shareholder Number of non-restricted shares held at the period-end
Type Number
Hong Kong Wah Shing Holding RMB ordinary
171,360,391 171,360,391
Company Limited share
Prosperity Lamps & Components RMB ordinary
133,577,143 133,577,143
Limited share
Guangdong Electronics Information 60,357,728 RMB ordinary 60,357,728
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Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2016
Industry Group Ltd. share
Shenzhen Rising Investment RMB ordinary
57,539,671 57,539,671
Development Co., Ltd. share
Central Huijin Asset Management RMB ordinary
30,799,000 30,799,000
Co., Ltd. share
Domestically
Essence International Securities
23,939,858 listed foreign 23,939,858
(Hong Kong) Co., Ltd.
share
Domestically
DBS Vickers (Hong Kong) Ltd A/C
23,555,755 listed foreign 23,555,755
Clients
share
Domestically
Hong Kong Rising Investment
23,165,684 listed foreign 23,165,684
Development Co., Ltd.
share
National Social Security Fund RMB ordinary
15,903,957 15,903,957
Portfolio 113 share
New China Life Insurance Co.,
Ltd.-Conventional-Common RMB ordinary
10,918,992 10,918,992
Insurance share
Product-018L-CT001-Shenzhen
Among the top ten shareholders of the Company, Hong Kong Wah Shing Holding Company
Limited, Guangdong Electronics Information Industry Group Ltd., Shenzhen Rising
Related or act-in-concert parties Investment Development Co., Ltd. and Hong Kong Rising Investment Development Co., Ltd.
among the shareholders above are act-in-concert parties. Apart from that, it is unknown whether there is among the top ten
shareholders any other related parties or act-in-concert parties as defined in the
Administrative Measures for the Acquisition of Listed Companies.
Top 10 ordinary shareholders
conducting securities margin trading N/A
(if any)
Did any of the top 10 ordinary shareholders or the top 10 non-restricted ordinary 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 preference shareholders and shareholdings of the top 10 of them at the period-end
□ Applicable √ Not applicable
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Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2016
Section III Significant Events
I Changes in main accounting statement items and financial indicators in the Reporting
Period, as well as reasons for the changes
√ Applicable □ Not applicable
Unit: RMB
Closing amount (or Opening amount (or
Statement item amount for the amount for the same +/- (%) Main reason for change
current period) period of last year)
Monetary funds 644,918,147.43 935,241,205.20 -31.04% Purchase of more bank’s wealth
management products
Financial assets at fair 0.00 51,600.00 -100.00% Securities sold
value through
profit/loss
Notes receivable 95,448,285.94 202,669,316.48 -52.90% Decrease in trade acceptance received
Accounts receivable 695,807,188.07 366,401,130.72 89.90% Decrease in trade acceptance received
Accounts paid in 15,583,761.40 6,858,950.41 127.20% Increase in advances to sellers
advance
Interest receivable 8,253,893.79 3,022,646.23 173.07%
Increase in interest on term deposits
provided for
Other current assets 443,220,985.68 91,060,842.89 386.73% Purchase of more bank’s wealth
management products
Long-term equity 180,356,427.84 382,637.52 47035.06% Acquisition of equity interests of
investments Primatronix (Nanho) Electronics Ltd.
Construction in 79,433,148.95 32,488,518.68 144.50% Increase in construction in progress
progress
Long-term deferred 0.00 406,425.35 -100.00% Exclusion of subsidiary’s assets from the
expenses consolidated financial statements due to
bankruptcy and liquidation
Accounts received in 42,770,580.21 71,531,790.37 -40.21% Settlement of some accounts received in
advance advance
Taxes and fares 33,051,655.69 12,969,090.31 154.85% Increase in taxes payable
payable
Other current liabilities 32,000,000.00 0.00 Increase in other current liabilities
Retained earnings 877,864,641.15 613,661,381.40 43.05% Increase in profit
Finance costs -12,127,352.31 -20,044,328.31 39.50% Decrease in exchange gains
Asset impairment loss 25,092,418.46 45,970,647.57 -45.42% Decrease in bad-debt provisions for
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Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2016
accounts receivable
Profit on fair value 0.00 393,590.00 -100.00%
Decrease in transactional financial assets
changes
Non-operating revenue 1,805,821.67 3,656,043.70 -50.61% Decrease in government-funded interest
discount
Non-operating expense 7,092,231.89 96,557,359.72 -92.65% Decrease in lawsuit compensations
Corporate income tax 58,506,429.76 41,463,602.07 41.10% Increase in total profit
Profit/loss on fair -255,315,043.41 1,662,302,677.06 -115.36%
Sharp fluctuations of the price of the
value changes of
available-for-sale Guoxuan High-tech stock in May 2015
financial assets before going public
Net cash flows from 324,048,913.00 147,174,253.40 120.18% Increase in sales revenue
operating activities
Net cash flows from -605,074,904.70 -105,211,470.03 -475.10%
Purchase of more bank’s wealth
investing activities
management products
Net cash flows from -15,935,708.57 -215,284,023.90 92.60% Decrease in dividends
financing activities
II Progress on significant events, as well as the influence and solutions
√ Applicable □ Not applicable
1. In March 2013, CSRC Guangdong administered an administrative punishment on the illegal information
disclosure of the Company. During the period from September 2013 to May 2016, a total of 2,767 plaintiffs
separately sued the Company to Guangzhou Intermediate People’s Court for false securities statements,
demanding civil compensations of RMB386.845 million and HKD1.328 million in total from the Company for its
illegal information disclosure. From November 2014 to October 2016, Guangzhou Intermediate People’s Court
made judgments for the aforesaid 2,767 cases, ruling the Company to compensate the 2,767 plaintiffs with a total
of RMB182.7365 million and HKD7.3582 million and bear the legal fare of RMB3.2332 million. On 29
September 2016, Guangdong Higher People’s Court ruled on an appeal that the Company should make a
compensation of RMB67,100 to the appellant and bear the court acceptance fees of RMB2,800 for the first and
second trials. Currently, except for 30 appealing plaintiffs (RMB1.2315 million involved) are not sentenced, all
the other plaintiffs have judgmented. Up to 24 October 2016, the Company has made a total compensation of
RMB 190.1648 million (legal fares inclusive) to 2717 plaintiffs (excluding the 49 rejected plaintiffs). These cases
of false securities statements had an influence of RMB61.4383 million on the total profits of the Company in 2014
and RMB131.8899 million on that in 2015, and expectedly have no significant influence on the financial position
of the Company for 2016.
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Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2016
2. In April 2016, Suzhou Mont Lighting Co., Ltd. (Suzhou Mont), one of our controlled subsidiaries, was sued by
its creditor Suzhou LiftAll Electronics Co., Ltd. in the People’s Court of Suzhou Industrial Park, requesting the
Court to carry out bankruptcy liquidation on Suzhou Mont. The Court has ruled in favor of the plaintiff and
appointed Jiangsu Yingyuan Law Firm as the custodian of Suzhou Mont. We have an investment of RMB24.36
million in Suzhou Mont, as well as creditor’s rights of RMB14.1873 million (not yet judicially confirmed),
totaling RMB38.5473 million. We had provided in full for the impairment of the said assets in 2015. Therefore,
the bankruptcy and liquidation of Suzhou Mont is expected to have no significant impact on our business results
of 2016 (for details, see our Announcement on Applied Bankruptcy and Liquidation for Controlled Subsidiary
Suzhou Mont Lighting Co., Ltd., Announcement on Court Acceptance of Controlled Subsidiary’s Bankruptcy and
Liquidation, Progress Announcement on Controlled Subsidiary’s Bankruptcy and Liquidation disclosed on
www.cninfo.com.cn dated 19 April 2016, 10 May 2016 and 4 June 2016 respectively).
3. On 23 August 2016, the First Special General Meeting in 2016 of the Company was convened, at which the
Proposal on Authorization for Reducing Some Guoxuan High-tech Shares in Proper Timing was considered and
approved. As such, the General Meeting has agreed to authorize the management to, from the date of approval by
the General Meeting to 31 December 2016, legally reduce in proper timing through bulk trading or centralized
bidding Guoxuan High-tech shares not exceeding 36,500,000 (adjusted according to the capital stock change ratio
if Guoxuan High-tech conducts any bonus share, conversion of capital reserves into capital stock or any other
changes in the capital stock during the said period), with the reduction price to be determined at the market price
at the time of reduction. Up to the disclosure date of this Report, the Company has not yet conducted any
reduction.
III Commitments of the Company, its shareholders, actual controller, acquirer, directors,
supervisors, senior management or other related parties fulfilled in the Reporting Period or
ongoing at the period-end
√ Applicable □ Not applicable
Date of
Commitment Type of Term of
Commitment Contents commitment Fulfillment
maker commitment commitment
making
Electronics Group and its
Commitments made in
act-in-concert parties Shenzhen
acquisition documents Controlling About share In
Rising Investment and Hong 2015-12-04 12 months
or shareholding shareholder lock-up execution
Kong Rising Investment have
alteration documents
made a commitment that within
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Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2016
12 months from the completion
of their acquisitions, they shall
not transfer or entrust others to
manage the shares directly or
indirectly held by them in the
Company, nor shall they allow
the Company to repurchase
those shares, except for the case
where those shares may be
transferred for no compensation
due to any business or asset
integration with their actual
controller or their actual
controller’s controlled
subsidiaries.
Electronics Group and its
act-in-concert parties Shenzhen
Rising Investment and Hong
Kong Rising Investment have
made a commitment that the
business of Foshan NationStar
Optoelectronics Co., Ltd. that is
About
in competition with the business
Controlling avoidance of In
of the Company takes up only a 2015-12-04 24 months
shareholder horizontal execution
small part in NationStar’s total
competition
business, they shall gradually
reduce or eliminate the
horizontal competition as
planned through business
integration or other ways or
arrangements within the coming
24 months.
Electronics Group and its
act-in-concert parties Shenzhen
Rising Investment and Hong
Kong Rising Investment have
About made more commitments as
Controlling avoidance of follows to avoid horizontal Long-standi In
2015-12-04
shareholder horizontal competition with the Company: ng execution
competition 1. They shall conduct
supervision and restraint on the
production and operation
activities of themselves and
their relevant enterprises so that
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Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2016
besides the enterprise above that
is in horizontal competition with
the Company for now, if the
products or business of them or
their relevant enterprises
become the same with or similar
to those of the Company or its
subsidiaries in the future, they
shall take the following
measures: (1) If the Company
thinks necessary, they and their
relevant enterprises shall reduce
and wholly transfer their
relevant assets and business;
and (2) If the Company thinks
necessary, it is given the priority
to acquire first, by proper
means, the relevant assets and
business of them and their
relevant enterprises. 2. All the
commitments made by them to
eliminate or avoid horizontal
competition with the Company
are also applicable to their
directly or indirectly controlled
subsidiaries. They are obliged to
urge and make sure that other
subsidiaries execute what’s
prescribed in the relevant
document and faithfully honor
all the relevant commitments. 3.
If they or their directly or
indirectly controlled
subsidiaries break the aforesaid
commitments and thus cause a
loss for the Company, they shall
compensate the Company on a
rational basis.
Electronics Group and its
About reduction act-in-concert parties Shenzhen
Controlling and regulation Rising Investment and Hong Long-standi In
2015-12-04
shareholder of related-party Kong Rising Investment have ng execution
transactions made a commitment that during
their direct or indirect holding
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Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2016
of the Company’s shares, they
shall 1. strictly abide by the
regulatory documents of the
CSRC and the SZSE, the
Company’s Articles of
Association, etc. and not harm
the interests of the Company or
other shareholders of the
Company in their production
and operation activities by
taking advantage of their
position as the controlling
shareholder and actual
controller; 2. make sure that
they or their other controlled
subsidiaries, branch offices,
jointly-run or associated
companies (the “Relevant
Enterprises” for short) will try
their best to avoid or reduce
related-party transactions with
the Company or the Company’s
subsidiaries; 3. strictly follow
the market principle of justness,
fairness and equal value
exchange for necessary and
unavoidable related-party
transactions between them and
their Relevant Enterprises and
the Company, and withdraw
from voting when a
related-party transaction with
them or their Relevant
Enterprises is being voted on at
a general meeting or a board
meeting, and execute the
relevant approval procedure and
information disclosure duties
pursuant to the applicable laws,
regulations and regulatory
documents. Where the aforesaid
commitments are broken and a
loss is thus caused for the
Company, its subsidiaries or the
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Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2016
Company’s other shareholders,
they shall be obliged to
compensate.
In order to ensure the
independence of the Company
in business, personnel, asset,
organization and finance,
Electronics Group and its
act-in-concert parties Shenzhen
Rising Investment and Hong
Kong Rising Investment have
made the following
commitments: 1. They will
ensure the independence of the
Company in business: (1) They
promise that the Company will
have the assets, personnel,
qualifications and capabilities
for it to operate independently
as well as the ability of
independent, sustainable
operation in the market. (2)
They promise not to intervene
Controlling About Long-standi In
in the Company’s business 2015-12-04
shareholder independence ng execution
activities other than the
execution of their rights as the
Company’s shareholders. (3)
They promise that they and their
related parties will not be
engaged in business that is
substantially in competition
with the Company’s business.
And (4) They promise that they
and their related parties will try
their best to reduce related-party
transactions between them and
the Company; for necessary and
unavoidable related-party
transactions, they promise to
operate fairly following the
market-oriented principle and at
fair prices, and execute the
transaction procedure and the
duty of information disclosure
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Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2016
pursuant to the applicable laws,
regulations and regulatory
documents. 2. They will ensure
the independence of the
Company in personnel: (1) They
promise that the Company’s
GM, deputy GMs, CFO,
Company Secretary and other
senior management personnel
will work only for and receive
remuneration from the
Company, not holding any
positions in them or their other
controlled subsidiaries other
than director and supervisor. (2)
They promise the Company’s
absolute independence from
their related parties in labor,
human resource and salary
management. And (3) They
promise to follow the legal
procedure in their
recommendation of directors,
supervisors and senior
management personnel to the
Company and not to hire or
dismiss employees beyond the
Company’s Board of Directors
and General Meeting. 3. They
will ensure the independence
and completeness of the
Company in asset: (1) They
promise that the Company will
have a production system, a
auxiliary production system and
supporting facilities for its
operation; legally have the
ownership or use rights of the
land, plants, machines,
trademarks, patents and
non-patented technology in
relation to its production and
operation; and have independent
systems for the procurement of
14
Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2016
raw materials and the sale of its
products. (2) They promise that
the Company will have
independent and complete
assets all under the Company’s
control and independently
owned and operated by the
Company. And (3) They
promise that they and their other
controlled subsidiaries will not
illegally occupy the Company’s
funds and assets in any way, or
use the Company’s assets to
provide guarantees for the debts
of themselves or their other
controlled subsidiaries with. 4.
They will ensure the
independence of the Company
in organization: (1) They
promise that the Company has a
sound corporate governance
structure as a joint-stock
company with an independent
and complete organization
structure. And (2) They promise
that the operational and
management organs within the
Company will independently
execute their functions
according to laws, regulations
and the Company’s Articles of
Association. And 5. They will
ensure the independence of the
Company in finance: (1) They
promise that the Company will
have an independent financial
department and financial
accounting system with
normative, independent
financial accounting rules. (2)
They promise that the Company
will have independent bank
accounts and not share bank
accounts with its related parties.
15
Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2016
(3) They promise that the
Company’s financial personnel
do not hold concurrent positions
in its related parties. (4) They
promise that the Company will
independently pay its tax
according to law. And (5) They
promise that the Company can
make financial decisions
independently and that they will
not illegally intervene in the
Company’s use of its funds.
The profits distributed by the
Other commitments Company in cash every year
About cash Long-standi In
made to minority The Company shall not be less than 30% of the 2009-05-27
dividends ng execution
shareholders distributable profits it has
achieved in the year.
Executed on time Yes
Specific reasons for
failing to fulfill
N/A
commitments on time
and plans for next step
IV Performance forecast for Y2016
Warning of possible loss or considerable YoY change in the accumulative net profit made during the
year-beginning to the end of the next reporting period, as well as the reasons
□ Applicable √ Not applicable
V Securities investment
□ Applicable √ Not applicable
No such cases in the Reporting Period.
VI Investment in derivative financial instruments
□ Applicable √ Not applicable
No such cases in the Reporting Period.
VII Visits paid to the Company for purposes of research, communication, interview, etc.
during the Reporting Period
□ Applicable √ Not applicable
16
Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2016
No such cases in the Reporting Period.
VIII Illegal provision of guarantees for external parties
□ Applicable √ Not applicable
No such cases in the Reporting Period.
IX Occupation of the Company’s funds for non-operating purposes by the controlling
shareholder and its related parties
□ Applicable √ Not applicable
No such cases in the Reporting Period.
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Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2016
Section IV Financial Statements
I Financial statements
1. Consolidated balance sheet
Prepared by Foshan Electrical and Lighting Co., Ltd.
30 September 2016
Unit: RMB
Item Closing balance Opening balance
Current assets:
Monetary funds 644,918,147.43 935,241,205.20
Settlement reserve
Interbank lendings
Financial assets at fair value through
51,600.00
profit/loss
Derivative financial assets
Notes receivable 95,448,285.94 202,669,316.48
Accounts receivable 695,807,188.07 366,401,130.72
Accounts paid in advance 15,583,761.40 6,858,950.41
Premiums receivable
Reinsurance premiums receivable
Receivable reinsurance contract reserve
Interest receivable 8,253,893.79 3,022,646.23
Dividends receivable
Other accounts receivable 12,311,878.51 17,313,604.14
Financial assets purchased under
agreements to resell
Inventories 487,414,818.51 559,651,928.21
Assets held for sale
Non-current assets due within one year
Other current assets 443,220,985.68 91,060,842.89
Total current assets 2,402,958,959.33 2,182,271,224.28
Non-current assets:
Loans and advances to customers
18
Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2016
Available-for-sale financial assets 2,791,295,523.07 3,092,416,162.34
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investments 180,356,427.84 382,637.52
Investment property
Fixed assets 444,907,474.12 484,436,218.17
Construction in progress 79,433,148.95 32,488,518.68
Engineering materials
Disposal of fixed assets
Productive living assets
Oil-gas assets
Intangible assets 160,735,874.36 163,887,313.63
R&D expenses
Goodwill
Long-term deferred expenses 406,425.35
Deferred tax assets 47,158,882.80 42,744,728.66
Other non-current assets 46,511,770.50 49,263,204.15
Total non-current assets 3,750,399,101.64 3,866,025,208.50
Total assets 6,153,358,060.97 6,048,296,432.78
Current liabilities:
Short-term borrowings
Borrowings from the Central Bank
Money deposits accepted and inter-bank
deposits
Interbank borrowings
Financial liabilities at fair value through
profit/loss
Derivative financial liabilities
Notes payable
Accounts payable 512,839,130.81 396,263,382.12
Accounts received in advance 42,770,580.21 71,531,790.37
Financial assets sold for repurchase
Fees and commissions payable
Payroll payable 70,094,630.92 72,004,987.32
Taxes and fares payable 33,051,655.69 12,969,090.31
19
Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2016
Interest payable
Dividends payable
Other accounts payable 31,790,633.33 36,530,501.22
Reinsurance premiums payable
Insurance contract reserve
Payables for acting trading of securities
Payables for acting underwriting of
securities
Liabilities held for sale
Non-current liabilities due within one
year
Other current liabilities 32,000,000.00
Total current liabilities 722,546,630.96 589,299,751.34
Non-current liabilities:
Long-term borrowings
Bonds payable
Of which: Preference shares
Perpetual bonds
Long-term accounts payable
Long-term payroll payable
Special payables
Provisions
Deferred income 11,086,025.08 10,722,275.02
Deferred tax liabilities 345,471,902.23 390,534,187.37
Other non-current liabilities
Total non-current liabilities 356,557,927.31 401,256,462.39
Total liabilities 1,079,104,558.27 990,556,213.73
Owners’ equity:
Share capital 1,272,132,868.00 1,272,132,868.00
Other equity instruments
Of which: Preference shares
Perpetual bonds
Capital reserve 296,329,995.83 296,324,375.58
Less: Treasury shares
Other comprehensive income 1,958,488,077.75 2,212,989,156.02
20
Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2016
Special reserve
Surplus reserve 628,439,107.12 628,439,107.12
Provisions for general risks
Retained earnings 877,864,641.15 613,661,381.40
Equity attributable to owners of the
5,033,254,689.85 5,023,546,888.12
Company
Minority interests 40,998,812.85 34,193,330.93
Total owners’ equity 5,074,253,502.70 5,057,740,219.05
Total liabilities and owners’ equity 6,153,358,060.97 6,048,296,432.78
Legal representative: He Yong Accounting head for this Report: Liu Xingming
Head of the accounting organ: Tang Qionglan
2. Balance sheet of the Company
Unit: RMB
Item Closing balance Opening balance
Current assets:
Monetary funds 388,352,960.62 633,291,177.30
Financial assets at fair value through
51,600.00
profit/loss
Derivative financial assets
Notes receivable 93,588,574.92 200,483,728.48
Accounts receivable 745,916,992.69 387,870,578.18
Accounts paid in advance 67,154,009.12 6,258,960.70
Interest receivable 3,867,085.15 1,979,245.24
Dividends receivable
Other accounts receivable 94,474,233.35 47,175,016.15
Inventories 469,704,014.85 540,058,085.51
Assets held for sale
Non-current assets due within one year
Other current assets 440,057,018.93 87,132,242.99
Total current assets 2,303,114,889.63 1,904,300,634.55
Non-current assets:
Available-for-sale financial assets 2,791,295,523.07 3,092,416,162.34
Held-to-maturity investments
Long-term accounts receivable
21
Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2016
Long-term equity investments 597,946,367.60 417,972,577.28
Investment property
Fixed assets 372,732,015.43 403,470,166.52
Construction in progress 77,280,134.55 32,098,207.18
Engineering materials
Disposal of fixed assets
Productive living assets
Oil-gas assets
Intangible assets 117,065,626.44 120,554,776.71
R&D expenses
Goodwill
Long-term deferred expenses
Deferred tax assets 37,619,642.75 36,469,936.66
Other non-current assets 45,629,930.50 49,025,459.75
Total non-current assets 4,039,569,240.34 4,152,007,286.44
Total assets 6,342,684,129.97 6,056,307,920.99
Current liabilities:
Short-term borrowings
Financial liabilities at fair value through
profit/loss
Derivative financial liabilities
Notes payable
Accounts payable 719,886,653.61 518,615,548.53
Accounts received in advance 42,050,515.39 70,168,946.84
Payroll payable 47,222,893.64 48,921,086.93
Taxes and fares payable 25,590,195.40 2,172,775.43
Interest payable
Dividends payable
Other accounts payable 186,390,878.30 93,375,598.50
Liabilities held for sale
Non-current liabilities due within one year
Other current liabilities 32,000,000.00
Total current liabilities 1,053,141,136.34 733,253,956.23
Non-current liabilities:
Long-term borrowings
22
Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2016
Bonds payable
Of which: Preference shares
Perpetual bonds
Long-term payables
Long-term payroll payable
Special payables
Provisions
Deferred income 10,582,274.95 10,102,274.95
Deferred tax liabilities 345,471,902.23 390,534,187.37
Other non-current liabilities
Total non-current liabilities 356,054,177.18 400,636,462.32
Total liabilities 1,409,195,313.52 1,133,890,418.55
Owners’ equity:
Share capital 1,272,132,868.00 1,272,132,868.00
Other equity instruments
Of which: Preference shares
Perpetual bonds
Capital reserve 293,425,065.15 293,419,444.90
Less: Treasury shares
Other comprehensive income 1,957,674,112.61 2,212,989,156.02
Special reserve
Surplus reserve 628,439,107.12 628,439,107.12
Retained earnings 781,817,663.57 515,436,926.40
Total owners’ equity 4,933,488,816.45 4,922,417,502.44
Total liabilities and owners’ equity 6,342,684,129.97 6,056,307,920.99
Legal representative: He Yong Accounting head for this Report: Liu Xingming
Head of the accounting organ: Tang Qionglan
3. Consolidated income statement for the Reporting Period
Unit: RMB
Item July-September 2016 July-September 2015
1. Operating revenues 819,510,785.90 708,115,195.93
Including: Sales income 819,510,785.90 708,115,195.93
Interest income
23
Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2016
Premium income
Fee and commission income
2. Operating costs 729,336,869.53 642,721,696.02
Including: Cost of sales 624,355,439.15 542,230,043.63
Interest expenses
Fee and commission expenses
Surrenders
Net claims paid
Net amount provided as
insurance contract reserve
Expenditure on policy dividends
Reinsurance premium
Business tax and surtaxes 5,398,114.76 6,711,800.86
Selling expenses 69,476,830.23 35,778,209.37
Administrative expenses 46,549,040.03 67,490,716.09
Finance costs -5,681,599.27 -8,836,387.51
Asset impairment loss -10,760,955.37 -652,686.42
Add: Profit on fair value changes (“-”
-879,180.46
means loss)
Return on investment (“-” means
4,961,917.99 1,000,143.12
loss)
Including: Share of profit/loss of
-6,569.56 -43,126.19
associates and joint ventures
Exchange gains (“-” means loss)
3. Operating profit (“-” means loss) 95,135,834.36 65,514,462.57
Add: Non-operating revenue 230,805.09 711,341.35
Including: Profit on disposal of
0.00 4,533.19
non-current assets
Less: Non-operating expense 2,175,174.95 81,621,195.57
Including: Loss on disposal of
776,026.47 169,132.84
non-current assets
4. Total profit (“-” means loss) 93,191,464.50 -15,395,391.65
Less: Corporate income tax 19,080,452.47 13,529,834.96
5. Net profit (“-” means loss) 74,111,012.03 -28,925,226.61
Net profit attributable to owners of
73,179,107.88 -26,823,845.62
the Company
Minority interests’ income 931,904.15 -2,101,380.99
24
Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2016
6. Other comprehensive income net of
-394,818,856.95 266,466,095.90
tax
Other comprehensive income net
of tax attributable to owners of the -394,818,856.95 266,466,095.90
Company
6.1 Other comprehensive
income that will not be reclassified into
profit/loss
6.1.1 Changes in net liabilities
or assets with a defined benefit plan
upon re-measurement
6.1.2 Share of other
comprehensive income of investees that
cannot be reclassified into profit/loss
under the equity method
6.2 Other comprehensive
income to be subsequently reclassified -394,818,856.95 266,466,095.90
into profit/loss
6.2.1 Share of other
comprehensive income of investees that
will be reclassified into profit/loss
under the equity method
6.2.2 Profit/loss on fair value
changes of available-for-sale financial -394,818,856.95 266,466,095.90
assets
6.2.3 Profit/loss on
reclassifying held-to-maturity
investments into available-for-sale
financial assets
6.2.4 Effective profit/loss on
cash flow hedges
6.2.5 Currency translation
differences
6.2.6 Other
Other comprehensive income net
of tax attributable to minority interests
7. Total comprehensive income -320,707,844.92 237,540,869.29
Attributable to owners of the
-321,639,749.07 239,642,250.28
Company
Attributable to minority interests 931,904.15 -2,101,380.99
8. Earnings per share
8.1 Basic earnings per share 0.0575 -0.0211
25
Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2016
8.2 Diluted earnings per share 0.0575 -0.0211
Where business mergers under the same control occurred in the Reporting Period, the net profit achieved by the merged parties
before the business mergers was RMB0.00, with the corresponding amount for the last period being RMB0.00.
Legal representative: He Yong Accounting head for this Report: Liu Xingming
Head of the accounting organ: Tang Qionglan
4. Income statement of the Company for the Reporting Period
Unit: RMB
Item July-September 2016 July-September 2015
1. Operating revenues 831,582,855.08 720,912,734.95
Less: Operating costs 637,457,080.01 574,751,556.83
Business tax and surtaxes 2,932,685.10 4,461,643.20
Selling expenses 68,412,649.71 35,033,215.58
Administrative expenses 45,821,532.99 50,759,084.41
Finance costs -4,467,105.10 -6,971,556.08
Asset impairment loss -10,827,360.48 -640,204.47
Add: profit on fair value changes (“-”
-879,180.46
means loss)
Return on investment (“-” means
4,961,917.99 1,000,143.12
loss)
Including: Share of profit/loss of
-6,569.56 -43,126.19
associates and joint ventures
2. Operating profit (“-” means loss) 97,215,290.84 63,639,958.14
Add: Non-operating revenue 158,665.11 482,758.84
Including: Profit on disposal of
0.00 3,261.06
non-current assets
Less: Non-operating expense 2,113,816.96 80,194,137.39
Including: Loss on disposal of
744,668.48 71,254.04
non-current assets
3. Total profit (“-” means loss) 95,260,138.99 -16,071,420.41
Less: Corporate income tax 18,378,235.96 13,258,294.88
4. Net profit (“-” means loss) 76,881,903.03 -29,329,715.29
5. Other comprehensive income net of
-394,818,856.95 266,466,095.90
tax
5.1 Other comprehensive income that
will not be reclassified into profit and
loss
5.1.1 Changes in net liabilities or
assets with a defined benefit plan upon
26
Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2016
re-measurement
5.1.2 Share of other
comprehensive income of investees that
cannot be reclassified into profit/loss
under the equity method
5.2 Other comprehensive income to
be subsequently reclassified into -394,818,856.95 266,466,095.90
profit/loss
5.2.1 Share of other
comprehensive income of investees that
will be reclassified into profit/loss
under the equity method
5.2.2 Profit/loss on fair value
changes of available-for-sale financial -394,818,856.95 266,466,095.90
assets
5.2.3 Profit/loss on reclassifying
held-to-maturity investments into
available-for-sale financial assets
5.2.4 Effective profit/loss on cash
flow hedges
5.2.5 Currency translation
differences
5.2.6 Other
6. Total comprehensive income -317,936,953.92 237,136,380.61
7. Earnings per share
7.1 Basic earnings per share
7.2 Diluted earnings per share
Legal representative: He Yong Accounting head for this Report: Liu Xingming
Head of the accounting organ: Tang Qionglan
5. Consolidated income statement for the period from the year-beginning to the end of the Reporting
Period
Unit: RMB
Item January-September 2016 January-September 2015
1. Operating revenues 2,575,181,713.34 2,232,477,982.42
Including: Sales income 2,575,181,713.34 2,232,477,982.42
Interest income
Premium income
Fee and commission income
27
Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2016
2. Operating costs 2,249,348,264.83 2,052,625,592.96
Including: Cost of sales 1,947,337,999.85 1,708,273,484.64
Interest expenses
Fee and commission expenses
Surrenders
Net claims paid
Net amount provided as
insurance contract reserve
Expenditure on policy dividends
Reinsurance premium
Business tax and surtaxes 17,649,693.22 18,636,634.64
Selling expenses 142,728,637.64 118,002,589.64
Administrative expenses 128,666,867.97 181,786,564.78
Finance costs -12,127,352.31 -20,044,328.31
Asset impairment loss 25,092,418.46 45,970,647.57
Add: Profit on fair value changes (“-”
393,590.00
means loss)
Return on investment (“-” means
18,682,665.76 21,709,308.94
loss)
Including: Share of profit/loss of
-26,209.68 -44,334.59
associates and joint ventures
Exchange gains (“-” means loss)
3. Operating profit (“-” means loss) 344,516,114.27 201,955,288.40
Add: Non-operating revenue 1,805,821.67 3,656,043.70
Including: Profit on disposal of
20,253.97 10,647.72
non-current assets
Less: Non-operating expense 7,092,231.89 96,557,359.72
Including: Loss on disposal of
999,118.72 566,257.30
non-current assets
4. Total profit (“-” means loss) 339,229,704.05 109,053,972.38
Less: Corporate income tax 58,506,429.76 41,463,602.07
5. Net profit (“-” means loss) 280,723,274.29 67,590,370.31
Net profit attributable to owners of
280,104,920.60 73,434,913.69
the Company
Minority interests’ income 618,353.69 -5,844,543.38
6. Other comprehensive income net of
-254,501,078.27 1,662,302,677.06
tax
Other comprehensive income net -254,501,078.27 1,662,302,677.06
28
Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2016
of tax attributable to owners of the
Company
6.1 Other comprehensive
income that will not be reclassified into
profit/loss
6.1.1 Changes in net liabilities
or assets with a defined benefit plan
upon re-measurement
6.1.2 Share of other
comprehensive income of investees that
cannot be reclassified into profit/loss
under the equity method
6.2 Other comprehensive
income to be subsequently reclassified -254,501,078.27 1,662,302,677.06
into profit/loss
6.2.1 Share of other
comprehensive income of investees that
will be reclassified into profit/loss
under the equity method
6.2.2 Profit/loss on fair value
changes of available-for-sale financial -255,315,043.41 1,662,302,677.06
assets
6.2.3 Profit/loss on
reclassifying held-to-maturity
investments into available-for-sale
financial assets
6.2.4 Effective profit/loss on
cash flow hedges
6.2.5 Currency translation
differences
6.2.6 Other 813,965.14
Other comprehensive income net
of tax attributable to minority interests
7. Total comprehensive income 26,222,196.02 1,729,893,047.37
Attributable to owners of the
25,603,842.33 1,735,737,590.75
Company
Attributable to minority interests 618,353.69 -5,844,543.38
8. Earnings per share
8.1 Basic earnings per share 0.2202 0.0577
8.2 Diluted earnings per share 0.2202 0.0577
Where business mergers under the same control occurred in the Reporting Period, the net profit achieved by the merged parties
before the business mergers was RMB0.00, with the corresponding amount for the last period being RMB0.00.
29
Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2016
Legal representative: He Yong Accounting head for this Report: Liu Xingming
Head of the accounting organ: Tang Qionglan
6. Income statement of the Company for the period from the year-beginning to the end of the Reporting
Period
Unit: RMB
Item January-September 2016 January-September 2015
1. Operating revenues 2,614,040,071.22 2,270,512,189.33
Less: Operating costs 1,993,164,589.95 1,788,069,981.31
Business tax and surtaxes 10,758,187.57 12,070,843.28
Selling expenses 141,048,891.13 114,981,668.27
Administrative expenses 128,230,793.51 142,323,446.04
Finance costs -8,265,724.94 -14,117,149.02
Asset impairment loss 24,960,867.30 42,384,452.59
Add: profit on fair value changes (“-”
393,590.00
means loss)
Return on investment (“-” means
18,682,665.76 21,709,308.94
loss)
Including: Share of profit/loss of
-26,209.68 -44,334.59
associates and joint ventures
2. Operating profit (“-” means loss) 342,825,132.46 206,901,845.80
Add: Non-operating revenue 1,548,088.24 2,809,300.57
Including: Profit on disposal of
9,401.71 9,375.59
non-current assets
Less: Non-operating expense 5,850,398.69 95,029,663.34
Including: Loss on disposal of
937,680.22 367,887.24
non-current assets
3. Total profit (“-” means loss) 338,522,822.01 114,681,483.03
Less: Corporate income tax 56,240,423.99 40,640,622.89
4. Net profit (“-” means loss) 282,282,398.02 74,040,860.14
5. Other comprehensive income net of
-255,315,043.41 1,662,302,677.06
tax
5.1 Other comprehensive income that
will not be reclassified into profit and
loss
5.1.1 Changes in net liabilities or
assets with a defined benefit plan upon
re-measurement
5.1.2 Share of other
30
Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2016
comprehensive income of investees that
cannot be reclassified into profit/loss
under the equity method
5.2 Other comprehensive income to
be subsequently reclassified into -255,315,043.41 1,662,302,677.06
profit/loss
5.2.1 Share of other
comprehensive income of investees that
will be reclassified into profit/loss
under the equity method
5.2.2 Profit/loss on fair value
changes of available-for-sale financial -255,315,043.41 1,662,302,677.06
assets
5.2.3 Profit/loss on reclassifying
held-to-maturity investments into
available-for-sale financial assets
5.2.4 Effective profit/loss on cash
flow hedges
5.2.5 Currency translation
differences
5.2.6 Other
6. Total comprehensive income 26,967,354.61 1,736,343,537.20
7. Earnings per share
7.1 Basic earnings per share
7.2 Diluted earnings per share
Legal representative: He Yong Accounting head for this Report: Liu Xingming
Head of the accounting organ: Tang Qionglan
7. Consolidated cash flow statement for the period from the year-beginning to the end of the Reporting
Period
Unit: RMB
Item January-September 2016 January-September 2015
1. Cash flows from operating activities:
Cash received from sale of
2,312,207,975.75 2,102,277,561.19
commodities and rendering of service
Net increase in money deposits from
customers and interbank placements
Net increase in loans from the
Central Bank
Net increase in funds borrowed from
other financial institutions
31
Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2016
Cash received from premium of
original insurance contracts
Net cash received from reinsurance
business
Net increase in deposits of policy
holders and investment fund
Net increase in disposal of financial
assets at fair value through profit/loss
Interest, fees and commissions
received
Net increase in interbank borrowings
Net increase in funds in repurchase
business
Tax refunds received 58,629,989.95 33,445,602.81
Cash received from other operating
33,828,787.79 20,678,610.25
activities
Subtotal of cash inflows from operating
2,404,666,753.49 2,156,401,774.25
activities
Cash paid for goods and services 1,340,524,458.10 1,234,358,194.72
Net increase in loans and advances to
customers
Net increase in funds deposited in the
Central Bank and interbank placements
Cash paid for claims of original
insurance contracts
Interest, fees and commissions paid
Cash paid as policy dividends
Cash paid to and for employees 442,206,958.62 403,809,285.82
Taxes and fares paid 176,309,686.13 147,501,911.63
Cash paid for other operating
121,576,737.64 223,558,128.68
activities
Subtotal of cash outflows from
2,080,617,840.49 2,009,227,520.85
operating activities
Net cash flows from operating activities 324,048,913.00 147,174,253.40
2. Cash flows from investing activities:
Cash received from retraction of
7,005.00
investments
Cash received as return on
17,173,398.25 22,503,643.86
investments
Net cash received from disposal of
73,000.00 918,188.00
fixed assets, intangible assets and other
32
Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2016
long-term assets
Net cash received from disposal of
subsidiaries or other business units
Cash received from other investing
activities
Subtotal of cash inflows from investing
17,253,403.25 23,421,831.86
activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 68,923,429.83 56,386,190.51
assets
Cash paid for investment 545,865,000.00 72,247,111.38
Net increase in pledged loans
Net cash paid to acquire subsidiaries
and other business units
Cash paid for other investing
7,539,878.12
activities
Subtotal of cash outflows from
622,328,307.95 128,633,301.89
investing activities
Net cash flows from investing activities -605,074,904.70 -105,211,470.03
3. Cash flows from financing activities:
Cash received from capital
contributions
Including: Cash received from
minority shareholder investments by
subsidiaries
Cash received as borrowings
Cash received from issuance of
bonds
Cash received from other financing
activities
Subtotal of cash inflows from financing
activities
Repayment of borrowings
Cash paid for interest expenses and
15,935,708.57 215,284,023.90
distribution of dividends or profit
Including: dividends or profit paid
by subsidiaries to minority interests
Cash paid for other financing
activities
Sub-total of cash outflows from
15,935,708.57 215,284,023.90
financing activities
Net cash flows from financing activities -15,935,708.57 -215,284,023.90
33
Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2016
4. Effect of foreign exchange rate
833,739.33 -1,734,556.20
changes on cash and cash equivalents
5. Net increase in cash and cash
-296,127,960.94 -175,055,796.73
equivalents
Add: Opening balance of cash and
933,546,108.37 989,718,395.60
cash equivalents
6. Closing balance of cash and cash
637,418,147.43 814,662,598.87
equivalents
Legal representative: He Yong Accounting head for this Report: Liu Xingming
Head of the accounting organ: Tang Qionglan
8. Cash flow statement of the Company for the period from the year-beginning to the end of the Reporting
Period
Unit: RMB
Item January-September 2016 January-September 2015
1. Cash flows from operating activities:
Cash received from sale of
2,340,439,622.75 2,067,661,900.95
commodities and rendering of service
Tax refunds received 58,629,989.95 33,276,332.50
Cash received from other operating
28,947,588.49 18,229,755.23
activities
Subtotal of cash inflows from operating
2,428,017,201.19 2,119,167,988.68
activities
Cash paid for goods and services 1,675,836,030.87 1,518,134,264.09
Cash paid to and for employees 170,220,863.77 160,958,419.31
Taxes and fares paid 101,878,975.55 70,871,999.04
Cash paid for other operating
117,489,938.22 216,260,245.11
activities
Subtotal of cash outflows from
2,065,425,808.41 1,966,224,927.55
operating activities
Net cash flows from operating activities 362,591,392.78 152,943,061.13
2. Cash flows from investing activities:
Cash received from retraction of
7,005.00
investments
Cash received as return on
17,173,398.25 22,503,643.86
investments
Net cash received from disposal of
fixed assets, intangible assets and other 14,000.00 17,188.00
long-term assets
Net cash received from disposal of
34
Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2016
subsidiaries or other business units
Cash received from other investing
activities
Subtotal of cash inflows from investing
17,194,403.25 22,520,831.86
activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 63,757,043.28 65,844,104.54
assets
Cash paid for investment 545,865,000.00 72,247,111.38
Net cash paid to acquire subsidiaries
and other business units
Cash paid for other investing
7,500,000.00
activities
Subtotal of cash outflows from
617,122,043.28 138,091,215.92
investing activities
Net cash flows from investing activities -599,927,640.03 -115,570,384.06
3. Cash flows from financing activities:
Cash received from capital
contributions
Cash received as borrowings
Cash received from issuance of
bonds
Cash received from other financing
activities
Subtotal of cash inflows from financing
activities
Repayment of borrowings
Cash paid for interest expenses and
15,935,708.57 215,284,023.90
distribution of dividends or profit
Cash paid for other financing
activities
Sub-total of cash outflows from
15,935,708.57 215,284,023.90
financing activities
Net cash flows from financing activities -15,935,708.57 -215,284,023.90
4. Effect of foreign exchange rate
833,739.14 -1,759,358.11
changes on cash and cash equivalents
5. Net increase in cash and cash
-252,438,216.68 -179,670,704.94
equivalents
Add: Opening balance of cash and
633,291,177.30 685,652,777.19
cash equivalents
6. Closing balance of cash and cash
380,852,960.62 505,982,072.25
equivalents
35
Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2016
Legal representative: He Yong Accounting head for this Report: Liu Xingming
Head of the accounting organ: Tang Qionglan
II Auditor’s report
Is this Report audited?
□ Yes √ No
This Report is unaudited.
The Board of Directors
Foshan Electrical and Lighting Co., Ltd.
25 OCT 2016
36