Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2016
FOSHAN ELECTRICAL AND LIGHTING CO., LTD.
THIRD QUARTER REPORT 2016
October 2016
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.
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 +/- (%)
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
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
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
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
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
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
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% In
