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佛山照明(000541)公告正文

粤照明B:2014年第三季度报告全文(英文版)

公告日期:2014-10-30

                  Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.FOSHAN ELECTRICAL AND LIGHTING CO., LTD.
        Report for the Third Quarter of 2014
                   October 2014
                                         Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.
                            Section I. Important RemindersThe Board of Directors, the Supervisory Committee as well as all directors, supervisors and seniormanagement staff of Foshan Electrical and Lighting Co., Ltd. (hereinafter referred to as “theCompany”) warrant that this report is factual, accurate and complete without any false record,misleading statement or material omission. And they shall be jointly and severally liable for that.All directors attended the board session for reviewing this report.Pan Jie, company principal & chief of the accounting work, and Yin Jianchun, chief of theaccounting organ (chief of accounting), hereby confirm that the Financial Statements enclosed inthis report are factual, accurate and complete.This report is prepared in both Chinese and English. Should there be any discrepancy between thetwo versions, the Chinese version shall prevail.
                                                        Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.
               Section II. Financial Highlights & Change of ShareholdersI. Major accounting data and financial indexesDoes the Company adjust retrospectively or restate accounting data of previous years due to change of the accounting policy orcorrection of any accounting error?□ Yes √ No
                                               30 Sept. 2014                    31 Dec. 2013                Increase/decrease (%)
    Total assets (RMB Yuan)                              3,700,216,486.44               3,373,781,552.85                            9.68%
    Net     assets    attributable    to
    shareholders of the       Company                    3,036,970,590.98               2,890,581,921.74                            5.06%(RMB Yuan)
                                                                YoY increase/decrease                           YoY increase/decrease
                                        Jul.-Sept. 2014                                   Jan.-Sept. 2014
                                                                         (%)                                              (%)
    Operating revenues (RMB Yuan)                 813,054,868.99                   18.86%       2,356,113,627.02                    24.51%
    Net     profit    attributable    to
    shareholders of the       Company             111,798,106.18                   27.04%          300,757,245.63                   24.77%(RMB Yuan)
    Net     profit    attributable toshareholders of the Company after
                                              105,665,666.49                   17.57%          274,889,893.12                   16.21%extraordinary gains and losses(RMB Yuan)Net cash flows from operating
                                                --                        --                   159,359,389.48               1,026.27%activities (RMB Yuan)
    Basic EPS (RMB Yuan/share)                              0.114                  26.67%                   0.307                   24.80%
    Diluted EPS (RMB Yuan/share)                            0.114                  26.67%                   0.307                   24.80%
    Weighted average ROE (%)                               3.56%                    0.44%                  10.24%                   1.51%Items and amounts of extraordinary gains and losses√Applicable □Inapplicable
                                                                                                                       Unit: RMB Yuan
                                 Item                                   Amount as of Jan.-Sept. 2014               NoteGains/losses on the disposal of non-current assets (including the
                                                                                        1,610,330.57offset part of asset impairment provisions)Government grants recognized in the current period, except forthose acquired in the ordinary course of business or granted at
                                                                                         702,409.68certain quotas or amounts according to the country’s unifiedstandards
                                                       Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.Gains and losses on change in fair value from tradable financialassets and tradable financial liabilities, as well as investmentincome from disposal of tradable financial assets and tradable
                                                                                      27,313,514.00financial liabilities and financial assets available for sales, exceptfor effective hedging related with normal businesses of theCompany
    Other non-operating income and expenses than the above                                   819,766.63
    Less: Income tax effects                                                               4,578,668.37
    Total                                                                                 25,867,352.51                  --Explain the reasons if the Company classifies an item as an extraordinary gain/loss according to the definition inthe Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to thePublic—Extraordinary Gains and Losses, or classifies any extraordinary gain/loss item mentioned in the saidexplanatory announcement as a recurrent gain/loss item□ Applicable √ InapplicableNo such cases during the reporting period.II. Total number of shareholders and shareholdings of the top ten shareholders at theperiod-end1. Total number of common shareholders and shareholdings of the top ten common shareholders at theperiod-end
                                                                                                                             Unit: shareTotal number of common
                                                                                                                              136,776shareholders at the period-end
                                          Shareholdings of the top ten common shareholders
                                                                                   Number of             Pledged or frozen shares
        Name of             Nature of      Shareholding        Number of the
                                                                                 restricted shares
    shareholder           shareholder     percentage (%)        shares held                          Status of shares Number of shares
                                                                                       held
    OSRAM        Holding Foreign
                                                    13.47%         131,815,685       131,815,685Company Limited corporation
    Prosperity      Lamps
                        Foreign
    &        Components                                 10.50%         102,751,648
                        corporationLimitedEssence
    International           Foreign
                                                     1.85%          18,079,046
    Securities (Hong        corporationKong) Co., Ltd.
                                                     Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.DBS VICKERS
    (HONG KONG)          Foreign
                                                   0.91%          8,914,235
    LTD A/C              corporationCLIENTS
                     Foreign
    Zhuang Jianyi                                      0.85%          8,324,132
                     individualBOCHKINVESTMENT
                     Foreign
    FUNDS-BOCHK                                        0.80%          7,797,341
                     corporationCHINA GOLDENDRAGON FUNDNational Social
    Security Fund        Other                         0.73%          7,174,973Portfolio 116China ConstructionBank Co.,
    Ltd.—Huashang       Other                         0.47%          4,638,812Prosperous GrowthStock FundBBH A/CVANGUARD
    EMERGING             Foreign
                                                   0.47%          4,592,770
    MARKETS              corporationSTOCK INDEXFUNDEAST ASIA
    SECURITIES           Foreign
                                                   0.45%          4,402,288
    COMPANY              corporationLIMITED
                                   Shareholdings of the top ten non-restricted common shareholders
                                         Number of non-restricted common shares held at the                Type of shares
          Name of shareholder
                                                              period-end                                Type           Number
    Prosperity Lamps & Components                                                                   RMB ordinary
                                                                                  102,751,648                          102,751,648
    Limited                                                                                         share
                                                                                                DomesticallyEssence International Securities
                                                                                   18,079,046 listed foreign            18,079,046(Hong Kong) Co., Ltd.
                                                                                                share
                                                                                                DomesticallyDBS VICKERS (HONG KONG)
                                                                                    8,914,235 listed foreign                8,914,235LTD A/C CLIENTS
                                                                                                share
                                                       Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.
                                                                                                  Domestically
    Zhuang Jianyi                                                                         8,324,132 listed foreign              8,324,132
                                                                                                  share
    BOCHK INVESTMENT                                                                                  Domestically
    FUNDS-BOCHK CHINA GOLDEN                                                              7,797,341 listed foreign              7,797,341
    DRAGON FUND                                                                                       share
    National Social Security Fund                                                                     RMB ordinary
                                                                                      7,174,973                             7,174,973
    Portfolio 116                                                                                     shareChina Construction Bank Co.,
                                                                                                  RMB ordinary
    Ltd.—Huashang Prosperous Growth                                                      4,638,812                             4,638,812
                                                                                                  shareStock Fund
                                                                                                  DomesticallyBBH A/C VANGUARD EMERGING
                                                                                      4,592,770 listed foreign              4,592,770MARKETS STOCK INDEX FUND
                                                                                                  share
                                                                                                  DomesticallyEAST ASIA SECURITIES
                                                                                      4,402,288 listed foreign              4,402,288COMPANY LIMITED
                                                                                                  share
                                                                                                  Domestically
    Hou Chunhu                                                                            4,200,000 listed foreign              4,200,000
                                                                                                  share
                                          Among the top ten shareholders of the Company, Prosperity Lamps & Components Limited
    Explanation        on        associated
                                          and Zhuang Jianyi were related parties and acting-in-concert parties. Apart from that, it’srelationship or persons acting in
                                          unknown whether there was any associated relationship among other shareholders of the topconcert among the above-mentioned
                                          ten shareholders, or whether there is any action-in-concert among them regarding toshareholders
                                          Administrative Measures on Acquisition of Listed Companies.Top ten non-restricted commonshareholders taking part in margin
                                          Naughtfinancing and securities lending (ifany)Did any of the top 10 common shareholders or the top 10 non-restricted common shareholders of the Companycarry out any agreed buy-back in the reporting period?□ Yes √ NoNo shareholder of the Company carried out any agreed buy-back in the reporting period.2. Total number of preferred share holders and shareholdings of the top ten preferred share holders at theperiod-end□ Applicable √ Inapplicable
                                             Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.
                                   Section III. Significant EventsI. Major changes of main accounting statement items and financial indicators in the reportingperiod, as well as reasons for the changes√ Applicable □ Inapplicable
                           30 Sept. 2014/    31 Dec. 2013/      Increase/decreas
    Financial statement item                                                                   Main reason for the change
                           Jan.-Sept. 2014   Jan.-Sept. 2013          e (%)
    Transactional financial    71,815,937.00      3,903,197.90          1739.93%       Investments in financial products
    assets                                                                             increased.
    Notes receivable           273,607,060.09    154,142,432.66          77.50%        Trade acceptance bills increased.
    Accounts receivable        541,387,003.89    390,216,735.62          38.74%        Sales increased.
    Prepayments                82,145,172.31     24,054,319.34          241.50%        Prepayments for materials increased.
    Other receivables           7,861,309.44     24,145,083.88          -67.44%        Export rebates was received.
    Construction in progress   111,942,198.07    75,044,472.56           49.17%        Engineering projects increased.
    Goodwill                    6,603,743.83            -               100.00%        Recognized goodwill of the newly
                                                                                   acquired subsidiary
    Accounts payable           385,893,941.91    270,968,881.44          42.41%        Paybles for materials increased.
    Accounts received in       60,218,549.04     45,620,298.34           32.00%        Advances from customers increased.advance
    Taxes and fares payable    53,564,598.74     19,571,121.78          173.69%        Taxes payable increased.
    Minority interests         49,426,472.14     34,805,128.86           42.01%        A new subsidiary was acquired.
    Selling expenses           104,362,640.48    72,488,662.73           43.97%        The sales expanded.
    Financial expenses          -7,501,068.21    -6,011,050.17          -24.79%        The interest received on bank deposits
                                                                                   increased.
    Asset impairment loss       3,550,931.20     17,761,893.06          -80.01%        Bad-debt provisions decreased.
    Gains on fair value         1,379,081.46       -59,744.10           2408.31%       The fair value of transactional financial
    changes                                                                            assets changed.
    Gains on investment        22,398,896.01     -2,594,601.70          963.29%        The bonus from Xiamen Bank was
                                                                                   received.
    Non-business expenses        443,807.91      12,071,005.22          -96.32%        Such expenses decreased.
    Minority shareholders’     -688,427.48        781,166.10           -188.13%       Losses on subsidiaries increased.income
    Other comprehensive         2,201,622.81     -4,603,393.15          147.83%        The fair value of available-for-sale
    incomes                                                                            financial assets changed.
    Net cash flows from        159,359,389.48    14,149,279.79          1026.27%       The cash received from sale of goods and
    operating activities                                                               rendering of services increased.
    Net cash flows from        -101,602,003.53   25,695,002.32          -495.42%       The cash paid in external investment
    investing activities                                                               increased.
                                                         Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.
    Net cash flows from             -151,583,685.10         -303,060,218.66             49.98%       The cash paid as dividends, shares of
    financing activities                                                                             profit or interest decreased.II. Progress and influence of significant events, as well as the analysis and explanation onsolutions√ Applicable □ Inapplicable
                                                                                                                Index to the relevant
                 Overview of the significant event                          Date of disclosure            announcement disclosed on the
                                                                                                                       website
    In     Mar.   2013,    CSRC     Guangdong      administered    an
    administrative     punishment     on   the   illegal   informationdisclosure of the Company. 515 plaintiffs separately sued theCompany to Guangzhou Intermediate People’s Court for falsesecurities statement, demanding civil compensations from the
                                                                     18 Sep. 2013                        www.cninfo.com.cnCompany for its illegal information disclosure.The amountinvolved in the lawsuit is RMB 73.4283 million and HKD82,000. On 9 Jul. 2014, Guangzhou Intermediate People’sCourt opened a court session for the 515 cases, but no verdicthas come out yet.
    In     Mar.   2013,    CSRC     Guangdong      administered    an
    administrative     punishment     on   the   illegal   informationdisclosure of the Company. 672 plaintiffs separately sued theCompany to Guangzhou Intermediate People’s Court for falsesecurities statement, demanding civil compensations from the
                                                                     8 Jan. 2014                         www.cninfo.com.cnCompany for its illegal information disclosure. The amountinvolved in the lawsuit is RMB 87.0947 million. On 25 Aug2014, Guangzhou Intermediate People’s Court opened a courtsession for the group of cases, but no verdict has come outyet.
    In     Mar.   2013,    CSRC     Guangdong      administered    an
    administrative     punishment     on   the   illegal   informationdisclosure of the Company. 116 plaintiffs separately sued theCompany to Guangzhou Intermediate People’s Court for false
    securities statement, demanding civil compensations from the 15 Mar. 2014                                www.cninfo.com.cnCompany for its illegal information disclosure. The amountinvolved in the lawsuit is RMB 22.5254 million and HKD546,600. Currently these cases haven’t entered substantivehearing.As reviewed and approved by the Board of Directors of theCompany, the 15.38% equity interests of Guangzhou Pearl
                                                                     16 Aug. 2014                        www.cninfo.com.cnRiver Asset Management Co., Ltd. held by the Companywere transferred to Guangzhou Finance Holdings Group Co.,
                                                       Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.Ltd. at the price of RMB 8.52 million.Hefei Guoxuan High-tech Power Energy Co., Ltd., ajoint-stock company of the Company, intended to carry outbackdoor listing via Jiangsu Dongyuan Electrical Group Co.,
                                                                     10 Sept. 2014                         www.cninfo.com.cnLtd. The relevant drafts were reviewed and approved by theBoard of Directors and the Shareholders’ General Meeting ofDongyuan Electrical, but it still awaits the approval of CSRC.III. Commitments made by the Company or shareholders holding over 5% of the Company’sshares in the reporting period or such commitments carried down into the reporting period□ Applicable √ InapplicableNo such commitments in the reporting period.IV. Predict the 2014 annual operating resultsWarnings of possible loss or large-margin change of the accumulated net profit made during the period from thebeginning of the year to the end of the next reporting period compared with the same period of the last yearaccording to prediction, as well as explanations on the reasons□Applicable √InapplicableV. Securities investment√ Applicable □ Inapplicable
                                                            Sharehold                Sharehold               Gain/loss
                                    Initial     Number                   Number                  Closing
                                                               ing                      ing                     in
                                   investmen of shares                   of shares                 book
    Variety of Code of     Name of                              percentag                percentag               reporting Accounti Source of
                                     t cost      held at                  held at                 value
    securities securities securities                              e at                     e at                   period      ng title   stock
                                    (RMB        period-be               period-en                 (RMB
                                                            period-be                period-en                (RMB
                                    Yuan)       ginning                     d                     Yuan)
                                                             ginning                    d                     Yuan)
                                                                                                                       Transacti
                      Founder
                                   5,000,000                                                                 -997,145. onal
    Fund       BC0002     Jinquanyo                 5,000,000
                                          .00                                                                        30 financial
                      u No. 2
                                                                                                                         assets
                                                                                                                         Transacti
                                                                                                                         onal
    Stock      603188     YBGF         20,490.00        1,000                                                    21,963.00
                                                                                                                         financial
                                                                                                                         assets
                                                                                                                         Transacti
                                                                                                                         onal
    Stock      601016     JNFD          2,170.00        1,000                    1,000                3,430.00
                                                                                                                         financial
                                                                                                                         assets
                                                                                                                         Transacti
    Stock      603456     JZYY         15,430.00        1,000                    1,000               15,430.00
                                                                                                                         onal
                                            Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.
                                                                                                        financial
                                                                                                        assets
                                                                                                        Transacti
                                                                                                        onal
    Stock   300401   HYSW       3,505.00      500                   500              3,505.00
                                                                                                        financial
                                                                                                        assets
                                                                                                        Transacti
                           956,522.6                                            1,237,542               onal
    Stock   000027   SZNY                  172,600             172,600
                                  4                                                   .00               financial
                                                                                                        assets
                                                                                                        Transacti
                                                                                                        onal
    Stock   300385   XLHJ       7,365.00      500                                               11,378.02
                                                                                                        financial
                                                                                                        assets
                                                                                                        Transacti
                                                                                                        onal
    Stock   603328   YDDZ      15,310.00     1,000                                              14,514.65
                                                                                                        financial
                                                                                                        assets
                                                                                                        Transacti
                           6,544,000                                            249,000.0               onal
    Other   205001   1 Day                                                                       4,893.21
                                 .00                                                    0               financial
                                                                                                        assets
                                                                                                      Transacti
                           33,249,00                                                        154,191.7 onal
    Other   205007   7 Days
                                0.00                                                                5 financial
                                                                                                        assets
                                                                                                      Transacti
                           39,794,00                                                        382,976.6 onal
    Other   205008   14 Days
                                0.00                                                                1 financial
                                                                                                        assets
                                                                                                        Transacti
                           42,300,42                                                                    onal
    Other   204001   GC001                                                                      58,358.49
                                3.00                                                                    financial
                                                                                                        assets
                                                                                                        Transacti
                           5,100,102                                                                    onal
    Other   204002   GC002                                                                      19,432.02
                                 .00                                                                    financial
                                                                                                        assets
                                                                                                        Transacti
                           4,100,123                                                                    onal
    Other   204003   GC003                                                                      57,680.71
                                 .00                                                                    financial
                                                                                                        assets
                                                                                                        Transacti
                           30,401,21                                                                    onal
    Other   204004   GC004                                                                      56,973.22
                                6.00                                                                    financial
                                                                                                        assets
                                                            Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.
                                                                                                                                 Transacti
                                       40,452,02                                                                       119,747.6 onal
    Other      204007     GC007
                                            3.00                                                                                 7 financial
                                                                                                                                     assets
                                                                                                                                     Transacti
                                       42,004,20                                                           70,307,03                 onal
    Other      204014     GC014                                                                                            53,701.66
                                            0.00                                                                0.00                 financial
                                                                                                                                     assets
                                       249,965,8                                                           71,815,93 -41,334.2
    Total                                                5,177,600       --          175,100        --                                       --                --
                                           79.64                                                                7.00             9Disclosure date of the board
    announcement on approval of            23 Jan. 2014the securities investmentDisclosure date of the generalmeeting announcement on
                                       Naughtapproval of the securitiesinvestment (if any)Shareholdings in other listed companies√Applicable □Inapplicable
                                                                    Shareholdi                                              Gain/loss
                                                       Number of                                Shareholdi
                                           Initial                        ng       Number of                     Closing         in
                                                      shares held                                     ng                                                   Source
    Company Company             Code of investment                      percentage shares held                     book value reporting Accounti
                                                           at                                   percentage                                                      of
    name         type      securities cost (RMB                             at           at                        (RMB        period             ng title
                                                       period-beg                                     at                                                    stock
                                          Yuan)                     period-beg period-end                        Yuan)       (RMB
                                                         inning                                 period-end
                                                                      inning                                                  Yuan)
    China      Commerci          601818 30,828,816 23,546,768             0.06%        23,546,768        0.06%     65,224,547 4,050,044 Availabl Additi
    Everbright al bank                          .00                                                                      .36   .10              e-for-sal onal
    Bank                                                                                                                                        e              issue
                                                                                                                                            financial
                                                                                                                                            assetsVI. Investments in derivatives□Applicable √InapplicableThe Company did not invest in any derivative in the reporting period.VII. Researches, visits and interviews received in the reporting period√Applicable □Inapplicable
                                                                                                                             Main discussion and
        Time                   Place              Way of reception             Visitor type                Visitor
                                                                                                                           materials provided by the
                                               Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.
                                                                                                              Company
                                                                                                  Developments in the LED
    4 Jul. 2014       The Company       By phone            Individual          Individual investor
                                                                                                  division
    10 Jul. 2014      The Company       By phone            Individual          Individual investor Lawsuit progress
                                                                                                  Particulars about the
    29 Aug. 2014      The Company       By phone            Individual          Individual investor semi-annual report and
                                                                                                  securities investments
                                                                                                  Progress on the backdoor
                                                                                                  listing of joint-stock
    10 Sept. 2014     The Company       By phone            Individual          Individual investor company Hefei Guoxuan
                                                                                                  High-tech Power Energy
                                                                                                  Co., Ltd.VIII. Consolidated financial statements were affected by the newly promulgated or amendedaccounting standards√Applicable □InapplicableIn 2014, the Ministry of Finance promulgated or amended “the Accounting Standard for Business Enterprises No.2—Long-term Equity Investment”, “the Accounting Standard for Business Enterprises No. 9—Employees’Compensation”, “the Accounting Standard for Business Enterprises No. 30—Financial Statement Reporting”, “theAccounting Standard for Business Enterprises No. 33—Consolidated Financial Statements”, “the AccountingStandard for Business Enterprises No. 39—Fair Value Measurement”, “the Accounting Standard for BusinessEnterprises No. 40—Joint Operation Arrangements”, “the Accounting Standard for Business Enterprises No.41—Equity Disclosure in Other Entities” and “the Accounting Standard for Business Enterprises No.37—Financial Instrument Reporting”, of which the first seven standards are executed by the Company startingfrom 1 Jul. 2014. The aforesaid changes of the accounting standards do not affect the Company’s consolidatedfinancial statements much, with details as follows:(I) Long-term equity investmentAccording to the amended “Accounting Standard for Business Enterprises No. 2—Long-term Equity Investment”,the Company does not have the following situations and the consolidated financial statements are not affected. Assuch, no retrospective adjustment is needed:(1) The Company is able to do joint control or significant influence, which does not constitute control, over theinvested entity as a result of additional investment or other reasons; or(2) The joint control or significant influence over the invested entity by the Company ceases as a result ofdisposing part of the investment or other reasons.
    (II) Welfare plan after retirementAccording to the amended “Accounting Standard for Business Enterprises No. 9—Employees’ Compensation”,the Company reviews the arrangements for employees’ compensation and no set benefit plan or other long-termemployee’s welfare is found. Therefore, the consolidated financial statements are not affected and no retrospectiveadjustment is needed.(III) Consolidation scopeAccording to the amended “Accounting Standard for Business Enterprises No. 33—Consolidated FinancialStatements”, the Company reviews the consolidation scope of the consolidated financial statements and no change
                                            Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.of the consolidation scope is found. Therefore, the consolidated financial statements are not affected and noretrospective adjustment is needed.(IV) Arrangements for joint operationAccording to “the Accounting Standard for Business Enterprises No. 40—Joint Operation Arrangements”, theCompany does not have joint operation arrangement in any form. Therefore, the consolidated financial statementsare not affected and no retrospective adjustment is needed.(V) Influence of other standard changesExcept for the above-mentioned, none of the newly promulgated or amended accounting standards for businessenterprises have any significant influence on the financial statements of the Company.
                                                       Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.
                                    Section IV. Financial StatementsI. Financial statements1. Consolidated balance sheetPrepared by Foshan Electrical and Lighting Co., Ltd.
                                                                                                                      Unit: RMB Yuan
                  Item                                   Closing balance                              Opening balanceCurrent Assets:
    Monetary funds                                                        799,866,319.49                                897,675,824.22
    Settlement reserves
    Intra-group lendings
    Financial assets measured at fair
    value and of which changes are                                             71,815,937.00                                3,903,197.90recorded into current gains and losses
    Notes receivable                                                      273,607,060.09                                154,142,432.66
    Accounts receivable                                                   541,387,003.89                                390,216,735.62
    Accounts paid in advance                                                 82,145,172.31                               24,054,319.34
    Premiums receivable
    Reinsurance premiums receivable
    Receivable      reinsurance   contractreserves
    Interest receivable                                                       2,956,088.13                                1,304,200.33
    Dividend receivable
    Other accounts receivable                                                 7,861,309.44                               24,145,083.88
    Financial assets purchased underagreements to resell
    Inventories                                                           540,448,326.38                                516,804,156.44
    Assets held for sale
    Non-current assets due within 1 year
    Other current assets                                                     10,397,147.74                                9,408,829.51
    Total current assets                                                  2,330,484,364.47                              2,021,654,779.90Non-current assets:
    Loans by mandate and advances
                                           Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.granted
    Available-for-sale financial assets                        65,224,547.36                                 62,634,402.88
    Held-to-maturity investments
    Long-term accounts receivable
    Long-term equity investment                               474,737,041.07                                492,153,947.39
    Investing property
    Fixed assets                                              440,703,993.84                                472,740,489.84
    Construction in progress                                  111,942,198.07                                 75,044,472.56
    Engineering materials
    Disposal of fixed assets
    Production biological assets
    Oil-gas assets
    Intangible assets                                         189,578,908.17                                173,234,598.73
    R&D expense
    Goodwill                                                     6,603,743.83
    Long-term deferred expenses
    Deferred income tax assets                                 29,543,682.77                                 28,924,666.74
    Other non-current assets                                   51,398,006.86                                 47,394,194.81
    Total of non-current assets                               1,369,732,121.97                              1,352,126,772.95
    Total assets                                              3,700,216,486.44                              3,373,781,552.85Current liabilities:
    Short-term borrowings
    Borrowings from Central Bank
    Customer bank deposits and due tobanks and other financial institutions
    Intra-group borrowings
    Financial liabilities measured at fairvalue and of which changes arerecorded into current gains and losses
    Notes payable
    Accounts payable                                          385,893,941.91                                270,968,881.44
    Accounts received in advance                               60,218,549.04                                 45,620,298.34
    Financial assets sold for repurchase
    Handling charges and commissionspayable
                                                Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.
    Employee’s compensation payable                                69,112,251.00                                 60,636,740.85
    Tax payable                                                     53,564,598.74                                 19,571,121.78
    Interest payable
    Dividend payable
    Other accounts payable                                          28,690,670.94                                 35,613,570.14
    Reinsurance premiums payable
    Insurance contract reserves
    Payables     for    acting    trading   ofsecurities
    Payables for acting underwriting ofsecurities
    Liabilities held for sale
    Non-current liabilities due within 1year
    Other current liabilities
    Total current liabilities                                        597,480,011.63                                432,410,612.55Non-current liabilities:
    Long-term borrowings
    Bonds payable
    Long-term payables
    Specific payables
    Estimated liabilities
    Deferred income tax liabilities                                   5,279,860.64                                 4,891,338.97
    Other non-current liabilities                                   11,059,551.05                                 11,092,550.73
    Total non-current liabilities                                     16,339,411.69                                 15,983,889.70
    Total liabilities                                                613,819,423.32                                448,394,502.25
    Owners’     equity    (or     shareholders’equity)
    Paid-up capital (or share capital)                             978,563,745.00                                978,563,745.00
    Capital reserves                                               589,876,519.74                                589,876,519.74
    Less: Treasury stock
    Specific reserves
    Other comprehensive income                                      29,919,210.28                                 27,717,587.47
    Surplus reserves                                               622,494,531.96                                622,494,531.96
    Provisions for general risks
                                                        Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.
    Retained profits                                                       816,116,584.00                                671,929,537.57Total equity attributable to owners of
                                                                       3,036,970,590.98                              2,890,581,921.74the Company
    Minority interests                                                         49,426,472.14                              34,805,128.86
    Total owners’ (or shareholders’) equity                              3,086,397,063.12                              2,925,387,050.60
    Total   liabilities     and   owners’   (or
                                                                       3,700,216,486.44                              3,373,781,552.85shareholders’) equity
    Legal representative: Pan Jie            Person-in-charge of the accounting work: Pan Jie        Accounting Manager: Yin Jianchun2. Balance sheet of the CompanyPrepared by Foshan Electrical and Lighting Co., Ltd.
                                                                                                                       Unit: RMB Yuan
                      Item                                 Closing balance                             Opening balanceCurrent Assets:
    Monetary funds                                                         486,400,839.64                                581,390,386.39
    Financial assets measured at fair
    value and of which changes are                                               71,815,937.00                               3,903,197.90recorded into current gains and losses
    Notes receivable                                                       269,071,862.54                                153,942,432.66
    Accounts receivable                                                    558,930,304.38                                428,330,282.09
    Accounts paid in advance                                                   72,537,860.24                              29,435,327.20
    Interest receivable
    Dividend receivable
    Other accounts receivable                                                  78,342,658.65                              71,612,354.13
    Inventories                                                            491,041,028.11                                472,321,376.79
    Assets held for sale
    Non-current assets due within 1 year
    Other current assets                                                        3,284,853.44                               3,790,803.20
    Total current assets                                                   2,031,425,344.00                              1,744,726,160.36Non-current assets:
    Available-for-sale financial assets                                        65,224,547.36                              62,634,402.88
    Held-to-maturity investments
    Long-term accounts receivable
    Long-term equity investment                                            916,686,980.83                                909,743,887.15
    Investing property
                                           Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.
    Fixed assets                                              341,148,622.52                                370,702,024.40
    Construction in progress                                  109,693,767.03                                 74,051,205.53
    Engineering materials
    Disposal of fixed assets
    Production biological assets
    Oil-gas assets
    Intangible assets                                         126,370,027.18                                129,859,177.45
    R&D expense
    Goodwill
    Long-term deferred expenses
    Deferred income tax assets                                 26,796,887.25                                 26,102,706.56
    Other non-current assets                                   48,272,472.45                                 47,394,194.81
    Total of non-current assets                               1,634,193,304.62                              1,620,487,598.78
    Total assets                                              3,665,618,648.62                              3,365,213,759.14Current liabilities:
    Short-term borrowings
    Financial liabilities measured at fairvalue and of which changes arerecorded into current gains and losses
    Notes payable
    Accounts payable                                          413,323,724.99                                321,372,591.12
    Accounts received in advance                               57,189,077.00                                 45,547,349.36
    Employee’s compensation payable                           67,710,637.37                                 60,356,477.70
    Tax payable                                                43,440,255.65                                 13,335,938.26
    Interest payable
    Dividend payable
    Other accounts payable                                     86,648,616.68                                 60,963,050.92
    Liabilities held for sale
    Non-current liabilities due within 1year
    Other current liabilities
    Total current liabilities                                   668,312,311.69                                501,575,407.36Non-current liabilities:
    Long-term borrowings
    Bonds payable
                                                           Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.
    Long-term payables
    Specific payables
    Estimated liabilities
    Deferred income tax liabilities                                                5,279,860.64                                 4,891,338.97
    Other non-current liabilities                                                 10,245,800.80                                10,162,550.77
    Total non-current liabilities                                                   15,525,661.44                                15,053,889.74
    Total liabilities                                                           683,837,973.13                                516,629,297.10
    Owners’      equity      (or     shareholders’equity)
    Paid-up capital (or share capital)                                        978,563,745.00                                978,563,745.00
    Capital reserves                                                          586,987,786.91                                586,971,589.06
    Less: Treasury stock
    Specific reserves
    Other comprehensive income                                                    29,919,210.28                                27,717,587.47
    Surplus reserves                                                          622,494,531.96                                622,494,531.96
    Provisions for general risks
    Retained profits                                                          763,815,401.34                                632,837,008.55
    Total owners’ (or shareholders’) equity                                 2,981,780,675.49                              2,848,584,462.04
    Total     liabilities    and     owners’    (or
                                                                          3,665,618,648.62                              3,365,213,759.14shareholders’) equity
    Legal representative: Pan Jie               Person-in-charge of the accounting work: Pan Jie        Accounting Manager: Yin Jianchun3. Consolidated income statement for the reporting periodPrepared by Foshan Electrical and Lighting Co., Ltd.
                                                                                                                          Unit: RMB Yuan
                        Item                                  Jul.-Sept. 2014                              Jul.-Sept. 2013
    I. Total operating revenues                                                 813,054,868.99                                684,057,904.65
    Including: Sales income                                                   813,054,868.99                                684,057,904.65
          Interest income
          Premium income
          Handling             charge       andcommission income
    II. Total operating cost                                                    736,252,905.21                                574,230,695.71
    Including: Cost of sales                                                  622,564,216.73                                482,562,988.00
                                                 Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.
        Interest expenses
        Handling            charge         andcommission expenses
        Surrenders
        Net claims paid
        Net amount withdrawn for theinsurance contract reserve
        Expenditure on policy dividends
        Reinsurance premium
        Taxes and associate charges                                  5,781,243.33                                 7,610,919.92
       Selling and distribution expenses                           41,394,727.55                                 28,057,422.65
       Administrative expenses                                     68,202,701.20                                 58,138,625.56
       Financial expenses                                           -1,767,720.58                                -2,047,232.28
        Asset impairment loss                                           77,736.98                                   -92,028.14
    Add: Gain/(loss) from change in fair
                                                                      263,325.00                                      9,957.35value (“-” means loss)
        Gain/(loss) from investment (“-”
                                                                     4,283,490.23                                -1,649,540.44means loss)
        Including: share of profits in
                                                                    -1,974,838.28                                  -758,976.90associates and joint ventures
        Foreign exchange gains (“-”means loss)
    III. Business profit (“-” means loss)                            81,348,779.01                                108,187,625.85
    Add: non-operating income                                        53,469,038.32                                    699,688.91
    Less: non-operating expense                                         328,352.43                                  1,370,566.39
        Including: loss from non-current
                                                                        89,848.46                                 1,166,140.69asset disposal
    IV. Total profit (“-” means loss)                               134,489,464.90                                107,516,748.37
    Less: Income tax expense                                         21,649,281.23                                 18,668,571.05
    V. Net profit (“-” means loss)                                  112,840,183.67                                 88,848,177.32
    Including: Net profit achieved by
    combined         parties      before       thecombinations
    Attributable     to      owners     of   the
                                                                  111,798,106.18                                 88,004,196.93Company
    Minority shareholders’ income                                     1,042,077.49                                   843,980.39
                                                            Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.
    VI. Earnings per share                                                --                                           --
    (I) Basic earnings per share                                                          0.114                                        0.090
    (II) Diluted earnings per share                                                       0.114                                        0.090
    Ⅶ. Other comprehensive incomes                                                   4,603,393.15                                  -800,590.11
    Including:       Other            comprehensive
    incomes       items        that     cannot   be
                                                                                  4,603,393.15                                  -800,590.11reclassified as gains and losses in thesubsequent accounting periods
    Other comprehensive incomes itemsthat will be reclassified as gains andlosses in the subsequent accountingperiods as relevant requirements aremet
    Ⅷ. Total comprehensive incomes                                              117,443,576.82                                   88,047,587.21
    Attributable        to    owners      of   the
                                                                             116,401,499.33                                   87,203,606.82Company
    Attributable to minority shareholders                                           1,042,077.49                                  843,980.39
    Legal representative: Pan Jie                Person-in-charge of the accounting work: Pan Jie        Accounting Manager: Yin Jianchun4. Income statement of the Company for the reporting periodPrepared by Foshan Electrical and Lighting Co., Ltd.
                                                                                                                           Unit: RMB Yuan
                      Item                                     Jul.-Sept. 2014                              Jul.-Sept. 2013
    I. Total sales                                                               806,665,406.65                                712,519,086.03
    Less: cost of sales                                                        640,443,951.13                                527,208,298.40
      Business taxes and surcharges                                               3,478,834.42                                 6,348,714.97
      Distribution expenses                                                      39,720,980.54                                27,601,609.60
      Administrative expenses                                                    59,903,503.42                                46,793,393.10
      Financial costs                                                              309,962.70                                   -601,532.13
      Impairment loss                                                              239,314.19                                    49,218.19
    Add: gain/(loss) from change in fair
                                                                                   263,325.00                                      9,957.35value (“-” means loss)
      Gain/(loss) from investment (“-”
                                                                                  4,283,490.23                                -1,649,540.44means loss)
      Including: income form investment
                                                                                 -1,974,838.28                                  -758,976.90on associates and joint ventures
                                                          Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.
    II. Business profit (“-” means loss)                                         67,115,675.48                             103,479,800.81
    Add: non-business income                                                     53,186,773.16                                  653,793.77
    Less: non-business expense                                                     259,672.88                                  1,370,566.39
      Including: loss from non-current
                                                                                  76,836.26                                  1,164,483.39asset disposal
    III. Total profit    (“-” means loss)                                    120,042,775.76                                102,763,028.19
    Less: income tax expense                                                     18,940,646.61                                17,195,034.55
    IV. Net profit      (“-” means loss)                                     101,102,129.15                                   85,567,993.64
    V. Earnings per share                                               --                                           --
    (I) Basic earnings per share
    (II) Diluted earnings per share
    VI. Other comprehensive income                                                  4,603,393.15                                  -800,590.11
    Including:       Other          comprehensive
    incomes      items       that     cannot   be
                                                                                4,603,393.15                                  -800,590.11reclassified as gains and losses in thesubsequent accounting periods
    Other comprehensive incomes itemsthat will be reclassified as gains andlosses in the subsequent accountingperiods as relevant requirements aremet
    VII. Total comprehensive income                                            105,705,522.30                                   84,767,403.53
    Legal representative: Pan Jie              Person-in-charge of the accounting work: Pan Jie        Accounting Manager: Yin Jianchun5. Consolidated income statement for Jan.-Sept. 2014Prepared by Foshan Electrical and Lighting Co., Ltd.
                                                                                                                         Unit: RMB Yuan
                      Item                                   Jan.-Sept. 2014                              Jan.-Sept. 2013
    I. Total operating revenues                                              2,356,113,627.02                              1,892,318,350.71
    Including: Sales income                                                2,356,113,627.02                              1,892,318,350.71
      Interest income
      Premium income
      Handling charge and commissionincome
    II. Total operating cost                                                 2,072,803,238.63                              1,649,857,281.07
    Including: Cost of sales                                               1,778,781,496.88                              1,408,238,197.12
                                                 Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.
        Interest expenses
        Handling charge and commissionexpenses
        Surrenders
        Net claims paid
        Net amount withdrawn for theinsurance contract reserve
        Expenditure on policy dividends
        Reinsurance premium
        Taxes and associate charges                                20,911,197.63                                 21,308,551.24
        Selling and distribution expenses                         104,362,640.48                                 72,488,662.73
        Administrative expenses                                   172,698,040.65                                136,071,027.09
        Financial expenses                                          -7,501,068.21                                -6,011,050.17
        Asset impairment loss                                        3,550,931.20                                17,761,893.06
    Add: Gain/(loss) from change in fair
                                                                     1,379,081.46                                   -59,744.10value (“-” means loss)
        Gain/(loss) from investment (“-”
                                                                   22,398,896.01                                 -2,594,601.70means loss)
        Including: share of profits in
                                                                    -4,570,361.37                                -3,069,750.70associates and joint ventures
        Foreign exchange gains (“-” meansloss)
    III. Business profit (“-” means loss)                           307,088,365.86                                239,806,723.84
    Add: non-operating income                                        56,763,405.38                                 72,379,849.08
    Less: non-operating expense                                         443,807.91                                 12,071,005.22
        Including: loss from non-current
                                                                      199,691.48                                  3,385,562.00asset disposal
    IV. Total profit (“-” means loss)                               363,407,963.33                                300,115,567.70
    Less: Income tax expense                                         63,339,145.18                                 58,282,913.30
    V. Net profit (“-” means loss)                                  300,068,818.15                                241,832,654.40
    Including: Net profit achieved by
    combined         parties       before      thecombinations
    Attributable       to     owners    of   the
                                                                  300,757,245.63                                241,051,488.30Company
    Minority shareholders’ income                                      -688,427.48                                   781,166.10
                                                            Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.
    VI. Earnings per share                                                --                                           --
    (I) Basic earnings per share                                                          0.307                                        0.246
    (II) Diluted earnings per share                                                       0.307                                        0.246
    Ⅶ. Other comprehensive incomes                                                   2,201,622.81                                -4,603,393.15
    Including:       Other            comprehensive
    incomes       items        that     cannot   be
                                                                                  2,201,622.81                                -4,603,393.15reclassified as gains and losses in thesubsequent accounting periods
    Other comprehensive incomes itemsthat will be reclassified as gains andlosses in the subsequent accountingperiods as relevant requirements aremet
    Ⅷ. Total comprehensive incomes                                              302,270,440.96                                237,229,261.25
    Attributable        to    owners      of   the
                                                                             302,958,868.44                                236,448,095.15Company
    Attributable to minority shareholders                                            -688,427.48                                  781,166.10
    Legal representative: Pan Jie                Person-in-charge of the accounting work: Pan Jie        Accounting Manager: Yin Jianchun6. Income statement of the Company for Jan.-Sept. 2014Prepared by Foshan Electrical and Lighting Co., Ltd.
                                                                                                                           Unit: RMB Yuan
                      Item                                     Jan.-Sept. 2014                              Jan.-Sept. 2013
    I. Total sales                                                             2,376,898,585.23                              1,935,912,791.35
    Less: cost of sales                                                      1,852,122,043.43                              1,487,933,964.45
      Business taxes and surcharges                                              14,672,962.49                                17,975,995.97
      Distribution expenses                                                  100,712,956.80                                   71,329,314.68
      Administrative expenses                                                149,762,871.66                                119,847,247.35
      Financial costs                                                            -1,606,596.11                                -1,223,030.03
      Impairment loss                                                             3,188,721.21                                16,214,455.98
    Add: gain/(loss) from change in fair
                                                                                  1,379,081.46                                   -59,744.10value (“-” means loss)
      Gain/(loss) from investment (“-”
                                                                                 27,286,940.89                                -3,973,874.21means loss)
      Including: income form investment
                                                                                 -4,570,361.37                                -3,069,750.70on associates and joint ventures
                                                             Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.
    II. Business profit (“-” means loss)                                        286,711,648.10                                219,801,224.64
    Add: non-business income                                                        56,311,598.43                                72,143,208.31
    Less: non-business expense                                                        326,629.40                                 10,711,261.61
       Including: loss from non-current
                                                                                    138,590.12                                  2,072,759.45asset disposal
    III. Total profit    (“-” means loss)                                       342,696,617.13                                281,233,171.34
    Less: income tax expense                                                        55,148,025.14                                51,349,492.91
    IV. Net profit      (“-” means loss)                                        287,548,591.99                                229,883,678.43
    V. Earnings per share                                                  --                                           --
    (I) Basic earnings per share
    (II) Diluted earnings per share
    VI. Other comprehensive income                                                     2,201,622.81                                -4,603,393.15
    Including:       Other          comprehensive
    incomes      items       that       cannot     be
                                                                                   2,201,622.81                                -4,603,393.15reclassified as gains and losses in thesubsequent accounting periods
    Other comprehensive incomes itemsthat will be reclassified as gains andlosses in the subsequent accountingperiods as relevant requirements aremet
    VII. Total comprehensive income                                               289,750,214.80                                225,280,285.28
    Legal representative: Pan Jie                 Person-in-charge of the accounting work: Pan Jie          Accounting Manager: Yin Jianchun7. Consolidated cash flow statement for Jan.-Sept. 2014Prepared by Foshan Electrical and Lighting Co., Ltd.
                                                                                                                            Unit: RMB Yuan
                      Item                                      Jan.-Sept. 2014                              Jan.-Sept. 2013I. Cash flows from operating activities:
    Cash       received        from     sale     of
                                                                            2,076,769,836.60                              1,844,519,336.35commodities and rendering of service
    Net     increase      of      deposits     fromcustomers and dues from banks
    Net increase of loans from the centralbank
    Net increase of funds borrowed from
                                             Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.other financial institutions
    Cash received from premium oforiginal insurance contracts
    Net cash received from reinsurancebusiness
    Net increase of deposits of policyholders and investment fund
    Net increase of disposal of tradablefinancial assets
    Cash received from interest, handlingcharges and commissions
    Net        increase     of   intra-groupborrowings
    Net increase of funds in repurchasebusiness
    Tax refunds received                                         72,644,129.98                                 15,853,863.74
    Other cash received relating to
                                                               20,082,032.78                                 25,143,917.00operating activitiesSubtotal of cash inflows from operating
                                                            2,169,495,999.36                              1,885,517,117.09activities
    Cash paid for goods and services                          1,326,879,168.41                              1,240,973,157.57
    Net increase of customer lendingsand advances
    Net increase of funds deposited in thecentral bank and amount due frombanks
    Cash for paying claims of the originalinsurance contracts
    Cash for paying interest, handlingcharges and commissions
    Cash for paying policy dividends
    Cash paid to and for employees                              395,252,355.70                                333,964,568.46
    Various taxes paid                                          173,347,398.11                                200,564,389.73
    Other cash payment relating to
                                                              114,657,687.66                                 95,865,721.54operating activities
    Subtotal     of    cash   outflows   from
                                                            2,010,136,609.88                              1,871,367,837.30operating activities
    Net cash flows from operating activities                      159,359,389.48                                 14,149,279.79
                                                     Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.II. Cash flows from investing activities:
    Cash received from withdrawal of
                                                                       84,584,789.24                                 50,998,477.41investments
    Cash       received        from   return    on
                                                                       26,897,948.09                                 10,312,343.03investments
    Net cash received from disposal of
    fixed assets, intangible assets and other                                                                            24,189,200.00long-term assets
    Net cash received from disposal ofsubsidiaries or other business units
    Other cash received relating toinvesting activitiesSubtotal of cash inflows from investing
                                                                      111,482,737.33                                 85,500,020.44activities
    Cash paid to acquire fixed assets,
    intangible assets and other long-term                                  61,725,661.90                                 59,805,018.12assets
    Cash paid for investment                                           139,846,192.64
    Net increase of pledged loans
    Net cash paid to acquire subsidiaries
                                                                       11,512,886.32and other business units
    Other cash payments relating toinvesting activities
    Subtotal        of     cash    outflows       from
                                                                      213,084,740.86                                 59,805,018.12investing activities
    Net cash flows from investing activities                             -101,602,003.53                                 25,695,002.32
    III.     Cash        Flows    from     FinancingActivities:
       Cash      received       from       capitalcontributions
       Including:      Cash     received      fromminority shareholder investments bysubsidiaries
       Cash received from borrowings
       Cash received from issuance ofbonds
       Other cash received relating to
                                                                             2,452.04financing activities
                                                        Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.Subtotal of cash inflows from financing
                                                                                  2,452.04activities
    Repayment of borrowings
    Cash paid for interest expenses and
                                                                         149,551,837.14                                303,060,218.66distribution of dividends or profit
    Including: dividends or profit paidby subsidiaries to minority shareholders
    Other cash payments relating to
                                                                              2,034,300.00financing activities
    Sub-total     of   cash    outflows     from
                                                                         151,586,137.14                                303,060,218.66financing activities
    Net cash flows from financing activities                                -151,583,685.10                               -303,060,218.66IV. Effect of foreign exchange rate
                                                                             -3,983,205.58                                -3,354,640.01changes on cash and cash equivalentsV. Net increase in cash and cash
                                                                          -97,809,504.73                              -266,570,576.56equivalents
    Add: Opening balance of cash and
                                                                         897,675,824.22                                985,450,890.74cash equivalentsVI. Closing balance of cash and cash
                                                                         799,866,319.49                                718,880,314.18equivalents
    Legal representative: Pan Jie            Person-in-charge of the accounting work: Pan Jie        Accounting Manager: Yin Jianchun8. Cash flow statement of the Company for Jan.-Sept. 2014Prepared by Foshan Electrical and Lighting Co., Ltd.
                                                                                                                       Unit: RMB Yuan
                   Item                                    Jan.-Sept. 2014                              Jan.-Sept. 2013I. Cash flows from operating activities:
    Cash       received     from   sale     of
                                                                       2,036,003,201.81                              1,831,220,680.64commodities and rendering of service
    Tax refunds received                                                       72,511,885.64                                15,853,863.74
    Other cash received relating to
                                                                             17,748,548.58                                18,923,896.29operating activitiesSubtotal of cash inflows from operating
                                                                       2,126,263,636.03                              1,865,998,440.67activities
    Cash paid for goods and services                                     1,581,047,195.45                              1,339,274,475.52
    Cash paid to and for employees                                         158,412,719.46                                239,790,954.81
                                                     Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.
    Various taxes paid                                                 109,706,043.58                                162,510,170.24
    Other cash payment relating to
                                                                      119,487,110.64                                 91,573,255.20operating activities
    Subtotal        of     cash    outflows       from
                                                                    1,968,653,069.13                              1,833,148,855.77operating activities
    Net cash flows from operating activities                              157,610,566.90                                 32,849,584.90II. Cash flows from investing activities:
    Cash received from retraction of
                                                                       84,584,789.24                                 68,601,897.00investments
    Cash       received        from   return    on
                                                                       31,785,992.97                                 10,312,343.03investments
    Net cash received from disposal of
    fixed assets, intangible assets and other                                                                            24,189,200.00long-term assets
    Net cash received from disposal ofsubsidiaries or other business units
    Other cash received relating toinvesting activitiesSubtotal of cash inflows from investing
                                                                      116,370,782.21                                103,103,440.03activities
    Cash paid to acquire fixed assets,
    intangible assets and other long-term                                  53,116,260.50                                 57,423,775.50assets
    Cash paid for investment                                           164,206,192.64                                 62,000,000.00
    Net cash paid to acquire subsidiariesand other business units
    Other cash payments relating toinvesting activities
    Subtotal        of     cash    outflows       from
                                                                      217,322,453.14                                119,423,775.50investing activities
    Net cash flows from investing activities                             -100,951,670.93                                -16,320,335.47
    III.     Cash        Flows    from     FinancingActivities:
       Cash      received       from      capitalcontributions
       Cash received from borrowings
       Cash received from issuance ofbonds
                                                      Report for the Third Quarter of 2014 of Foshan Electrical and Lighting Co., Ltd.
    Other cash received relating tofinancing activitiesSubtotal of cash inflows from financingactivities
    Repayment of borrowings
    Cash paid for interest expenses and
                                                                       147,665,237.14                                303,060,218.66distribution of dividends or profit
    Other cash payments relating tofinancing activities
    Sub-total     of   cash   outflows    from
                                                                       147,665,237.14                                303,060,218.66financing activities
    Net cash flows from financing activities                              -147,665,237.14                               -303,060,218.66IV. Effect of foreign exchange rate
                                                                         -3,983,205.58                                -3,354,640.01changes on cash and cash equivalentsV. Net increase in cash and cash
                                                                        -94,989,546.75                              -289,885,609.24equivalents
    Add: Opening balance of cash and
                                                                       581,390,386.39                                699,511,754.78cash equivalentsVI. Closing balance of cash and cash
                                                                       486,400,839.64                                409,626,145.54equivalents
    Legal representative: Pan Jie          Person-in-charge of the accounting work: Pan Jie        Accounting Manager: Yin JianchunII. Audit reportIs this report audited?□ Yes √ NoThis report is not audited.
                                                                                      Board of Directors
                                                                          Foshan Electrical and Lighting Co.,Ltd
                                                                                          28 Oct 2014