Foshan Electrical and Lighting Co., Ltd. Interim Report 2023 (Summary)
Stock Code: 000541, 200541 Stock Name: FSL, FSL-B Announcement No. 2023-054
FOSHAN ELECTRICAL AND LIGHTING CO., LTD.
INTERIM REPORT 2023 (SUMMARY)
Part I Important Notes
This Summary is based on the full Interim Report of Foshan Electrical and Lighting Co., Ltd. (together with its
consolidated subsidiaries, the “Company”, except where the context otherwise requires). In order for a full
understanding of the Company’s operating results, financial condition and future development plans, investors
should carefully read the aforesaid full text, which has been disclosed together with this Summary on the media
designated by the China Securities Regulatory Commission (the “CSRC”).
All the Company’s directors have attended the Board meeting for the review of this Report and its summary.
Independent auditor’s modified opinion:
□ Applicable Not applicable
Board-approved interim cash and/or stock dividend plan for ordinary shareholders:
□ Applicable Not applicable
The Company has no interim dividend plan, either in the form of cash or stock.
Board-approved interim cash and/or stock dividend plan for preferred shareholders:
□ Applicable Not applicable
Part II Key Corporate Information
1. Stock Profile
Stock name FSL, FSL-B Stock code 000541, 200541
Stock exchange for stock listing Shenzhen Stock Exchange
Contact information Board Secretary Securities Representative
Name Huang Zhenhuan Huang Yufen
No. 64, Fenjiang North Road, No. 64, Fenjiang North Road,
Office address Chancheng District, Foshan City, Chancheng District, Foshan City,
Guangdong Province, P.R.China Guangdong Province, P.R.China
Tel. （0757）82810239 （0757）82966028
E-mail address fsldsh@chinafsl.com fslhyf@163.com
1
Foshan Electrical and Lighting Co., Ltd. Interim Report 2023 (Summary)
2. Key Financial Information
Indicate by tick mark whether there is any retrospectively restated datum in the table below.
Yes □ No
Reason for retrospective restatement:
Business combination involving entities under common control and change to accounting policies
H1 2022 Change (%)
H1 2023
Before Restated Restated
Operating revenue
(RMB) 4,566,062,729.02 4,348,268,999.31 4,433,331,393.42 2.99%
Net profit attributable
to the listed company’s 168,935,232.54 160,664,433.28 163,528,019.78 3.31%
shareholders (RMB)
Net profit attributable
to the listed company’s
shareholders before 180,389,211.53 160,862,524.18 162,214,595.34 11.20%
exceptional gains and
losses (RMB)
Net cash generated
from/used in operating 387,869,057.20 150,034,906.39 177,102,491.01 119.01%
activities (RMB)
Basic earnings per
share (RMB/share) 0.1252 0.1191 0.1212 3.30%
Diluted earnings per
share (RMB/share) 0.1240 0.1180 0.1201 3.25%
Weighted average
3.23% 2.68% 2.03% 1.20%
return on equity (%)
31 December 2022 Change (%)
30 June 2023
Before Restated Restated
Total assets (RMB) 15,119,943,822.76 15,287,061,119.70 15,288,860,907.09 -1.10%
Equity attributable to
the listed company’s 5,156,107,466.23 5,173,066,095.76 5,173,011,348.74 -0.33%
shareholders (RMB)
Reason for changes in accounting policies :
In November 2022, the Ministry of Finance ("MOF") issued Accounting Standard for Business Enterprises Interpretation No. 16
(hereinafter referred to as "Interpretation No. 16"), which regulated the accounting treatment for the exemption from initial
recognition of the deferred income taxes related to assets and liabilities arising from a single transaction. See Part X-V-44-(1)
Changes in accounting policies of this report for details.
3. Shareholders and Their Holdings as at the End of the Reporting Period
Unit: share
Number of ordinary Number of preferred shareholders with
shareholders 66,019 resumed voting rights (if any) 0
Top 10 shareholders
Shareholdi Shares in pledge, marked
Name of Nature of or frozen
ng Number of shares Restricted shares
shareholder shareholder
percentage Status Shares
Hong Kong Foreign
Wah Shing corporation 13.84% 188,496,430
2
Foshan Electrical and Lighting Co., Ltd. Interim Report 2023 (Summary)
Holding
Company
Limited
Prosperity
Lamps & Foreign
Component corporation 10.79% 146,934,857
s Limited
Guangdong
Electronics State-
Informatio owned 9.01% 122,694,246
n Industry corporation
Group Ltd.
Guangdong
Rising State-
Holdings owned 6.10% 83,130,898
Group Co., corporation
Ltd.
Essence
Internation
al
Foreign
Securities 2.78% 37,896,494
corporation
(Hong
Kong)
Limited
Central
Huijin State-
Asset owned 2.43% 33,161,800
Manageme corporation
nt Co., Ltd.
Rising
Investment Foreign
Developme corporation 1.87% 25,482,252
nt Limited
Zhuang Foreign
Jianyi individual 0.87% 11,903,509 8,927,632
Zhang Domestic
0.86% 11,700,000
Shaowu individual
Hong Kong
Securities
Foreign
Clearing corporation 0.68% 9,296,300
Company
Limited
Among the top 10 shareholders, Hongkong Wah Shing Holding Company Limited, Guangdong
Rising Holdings Group Co., Ltd., Guangdong Electronics Information Industry Group Ltd. and
Related or acting-in-
Rising Investment Development Limited are acting-in-concert parties; and Prosperity Lamps &
concert parties among the
Components Limited and Zhuang Jianyi are acting-in-concert parties. Apart from that, it is unknown
shareholders above
whether there is among the top 10 shareholders any other related parties or acting-in-concert parties
as defined in the Administrative Measures for the Acquisition of Listed Companies.
Shareholders involved in
securities margin trading None
(if any)
4. Change of the Controlling Shareholder or the Actual Controller in the Reporting Period
Change of the controlling shareholder in the Reporting Period:
□ Applicable Not applicable
The controlling shareholder remained the same in the Reporting Period.
Change of the actual controller in the Reporting Period:
3
Foshan Electrical and Lighting Co., Ltd. Interim Report 2023 (Summary)
□ Applicable Not applicable
The actual controller remained the same in the Reporting Period.
5. Number of Preferred Shareholders and Shareholdings of Top 10 of Them
□ Applicable Not applicable
No preferred shareholders in the Reporting Period.
6. Outstanding Bonds at the Date when this Report Was Authorized for Issue
□ Applicable Not applicable
Part III Significant Events
1. Share offering to specific parties
The Company intends to raise gross proceeds of no more than RMB1,094.5518 million through an offering of
A-stock shares to specific parties. The amount exclusive of the issuance costs will be used to invest in the FSL
automation and digital transformation construction project, the FSL Hainan Industrial Park Phase I, the
intelligent street light construction project, the automotive lamp module production and construction project,
and the R&D centre construction project. The said share offering plan has been approved at the 39th Meeting of
the Ninth Board of Directors and a general meeting of shareholders on 14 March 2023 and 31 March 2023,
respectively, as well as by the Public Offering Review Centre of the Shenzhen Stock Exchange on 17 July 2023.
The plan is still subject to final approval of the CSRC before implementation. And there is uncertainty with
respect to the said approval and the timing.
2. Equity incentives
On 12 June 2023, the 2023 Restricted Share Incentive Plan (Draft) and Its Summary, together with other
relevant proposals, were approved at the 44th Meeting of the Ninth Board of Directors and the 22 nd Meeting of
the Ninth Supervisory Committee. As such, it was approved to grant no more than 13,000,000 restricted shares
(accounting for 0.95% of the Company’s total share capital of 1,361.9946 million shares at the date of the
announcement on the draft plan of the incentive plan) to 262 awardees. To be specific, there were 11.7 million
shares for the first grant, accounting for 90.00% of the total grant under the incentive plan; and there were 1.3
million reserved shares, accounting for 10.00% of the total grant under the incentive plan. The restricted shares
4
Foshan Electrical and Lighting Co., Ltd. Interim Report 2023 (Summary)
were A-stock ordinary shares repurchased by the Company. And the grant price for the first grant was
RMB3.81/share. This equity incentive plan is subject to approval by the State-owned Assets Supervision and
Administration Commission of Guangdong Province and a general meeting of shareholders of the Company.
For further information, see the 2023 Restricted Share Incentive Plan (Draft) and Its Summary and other
relevant proposals that have been disclosed on http://www.cninfo.com.cn/ dated 13 June 2023.
Foshan Electrical and Lighting Co., Ltd.
Legal representative: Wu Shenghui
29August 2023
5
