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佛山照明(000541)公告正文

粤照明B:2015年第三季度报告全文(英文版)

公告日期:2015-10-29

                  Report for the Third Quarter of 2015 of Foshan Electrical and Lighting Co., Ltd.




FOSHAN ELECTRICAL AND LIGHTING CO., LTD.

        Report for the Third Quarter of 2015




                   October 2015




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                                       Report for the Third Quarter of 2015 of Foshan Electrical and Lighting Co., Ltd.




                           Section I. Important Reminders

The Board of Directors, the Supervisory Committee as well as all directors, supervisors and senior
management staff of Foshan Electrical and Lighting Co., Ltd. (hereinafter referred to as “the
Company”) 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 the
accounting organ (chief of accounting), hereby confirm that the Financial Statements enclosed in
this report are factual, accurate and complete.
This report is prepared in both Chinese and English. Should there be any discrepancy between the
two versions, the Chinese version shall prevail.




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            Section II. Financial Highlights & Change of Shareholders

I. Major accounting data and financial indexes

Does the Company adjust retrospectively or restate accounting data of previous years due to change of the
accounting policy or correction of any accounting error?

□ Yes √ No
                                                30 Sept. 2015                     31 Dec. 2014                   Increase/decrease (%)

Total assets (RMB Yuan)                                5,531,565,504.80               3,736,704,336.40                              48.03%

Net     assets        attributable     to
shareholders     of     the   Company                  4,565,039,287.43               3,044,585,720.58                              49.94%
(RMB Yuan)

                                                                  YoY increase/decrease                             YoY increase/decrease
                                            Jul.-Sept. 2015                                    Jan.-Sept. 2015
                                                                          (%)                                                 (%)

Operating revenues (RMB Yuan)                  708,115,195.93                    -12.91%        2,232,477,982.42                     -5.25%

Net     profit        attributable     to
shareholders     of     the   Company          -26,823,845.62                   -123.99%           73,434,913.69                    -75.58%
(RMB Yuan)
Net     profit    attributable to
shareholders of the Company after
                                                37,030,978.71                    -64.95%          128,842,999.16                    -53.13%
extraordinary gains and losses
(RMB Yuan)
Net cash flows from operating
                                                  --                       --                     147,174,253.40                     -7.65%
activities (RMB Yuan)

Basic EPS (RMB Yuan/share)                              -0.0211                 -124.00%                   0.0577                   -75.78%

Diluted EPS (RMB Yuan/share)                            -0.0211                 -124.00%                   0.0577                   -75.78%

Weighted average ROE (%)                                 -0.42%                   -3.98%                   2.99%                     -7.25%



Items and amounts of extraordinary gains and losses
√Applicable □Inapplicable
                                                                                                                           Unit: RMB Yuan

                                     Item                              Amount as of Jan.-Sept. 2015                    Note

Gains/losses on the disposal of non-current assets (including the
                                                                                           -555,609.58
offset part of asset impairment provisions)

Government grants recognized in the current period, except for
those acquired in the ordinary course of business or granted at
                                                                                           2,984,850.54
certain quotas or amounts according to the country’s unified
standards


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                                                       Report for the Third Quarter of 2015 of Foshan Electrical and Lighting Co., Ltd.


Gains and losses on change in fair value from tradable financial
assets and tradable financial liabilities, as well as investment
income from disposal of tradable financial assets and tradable
                                                                                      22,309,001.00
financial liabilities and financial assets available for sales, except
for effective hedging related with normal businesses of the
Company

                                                                                                         Litigation compensations
Other non-operating income and expenses than the above                               -93,998,116.54
                                                                                                         recognized

Other gain/loss items that meet the definition of an extraordinary
                                                                                         588,232.86
gain/loss

Less: Income tax effects                                                             -13,336,346.80

        Minority interests effects (after tax)                                               72,790.55

Total                                                                                -55,408,085.47                     --



Explain the reasons if the Company classifies an item as an extraordinary gain/loss according to the definition in
the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the
Public—Extraordinary Gains and Losses, or classifies any extraordinary gain/loss item mentioned in the said
explanatory announcement as a recurrent gain/loss item

□ Applicable √ Inapplicable

No such cases in the reporting period.

II. Total number of shareholders and shareholdings of the top ten shareholders at the
period-end

1. Total number of common shareholders and shareholdings of the top ten common shareholders at the
period-end

                                                                                                                                Unit: share

Total number of common
                                                                                                                                    100,098
shareholders 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
Company                                            13.47%         171,360,391
                     corporation
Limited

Prosperity Lamps
                     Foreign
&       Components                                 10.50%         133,577,143
                     corporation
Limited


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                                                   Report for the Third Quarter of 2015 of Foshan Electrical and Lighting Co., Ltd.


Guangdong
Provincial
Railway            State-owned
                                                4.75%         60,437,728
Construction       corporation
Investment Group
Co., Ltd.

Shenzhen Rising
Investment and     State-owned
                                                3.11%         39,536,747
Development        corporation
Co., Ltd.

Central Hujin      State-owned
                                                2.42%         30,799,000
Investment Ltd.    corporation

Essence
International      Foreign
                                                1.92%         24,371,297
Securities (Hong corporation
Kong) Co., Ltd.

DBS Vickers
                   Foreign
(Hong Kong) Ltd                                 1.75%         22,252,573
                   corporation
A/C Clients

                   Domestic
Wang Changhua                                   1.52%         19,304,754
                   individual

Beijing He Ju
Investment
Management Co.,
Ltd.-He Ju         Other                        0.89%         11,302,074
Platform
Securities
Investment Fun

                   Foreign
Zhuang Jianyi                                   0.85%         10,821,372
                   individual

                                 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

                                                                                             RMB ordinary
OSRAM Holding Company Limited                                                  171,360,391                           171,360,391
                                                                                             share

Prosperity Lamps & Components                                                                RMB ordinary
                                                                               133,577,143                           133,577,143
Limited                                                                                      share

Guangdong Provincial Railway
                                                                                             RMB ordinary
Construction Investment Group Co.,                                              60,437,728                               60,437,728
                                                                                             share
Ltd.



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                                                         Report for the Third Quarter of 2015 of Foshan Electrical and Lighting Co., Ltd.


Shenzhen Rising Investment and                                                                         RMB ordinary
                                                                                        39,536,747                          39,536,747
Development Co., Ltd.                                                                                  share

                                                                                                       RMB ordinary
Central Hujin Investment Ltd.                                                           30,799,000                          30,799,000
                                                                                                       share

                                                                                                       Domestically
Essence     International    Securities
                                                                                        24,371,297 listed foreign           24,371,297
(Hong Kong) Co., Ltd.
                                                                                                       share

                                                                                                       Domestically
DBS Vickers (Hong Kong) Ltd A/C
                                                                                        22,252,573 listed foreign           22,252,573
Clients
                                                                                                       share

                                                                                                       RMB ordinary
Wang Changhua                                                                           19,304,754                          19,304,754
                                                                                                       share

Beijing He Ju Investment
                                                                                                       RMB ordinary
Management Co., Ltd.-He Ju                                                              11,302,074                          11,302,074
                                                                                                       share
Platform Securities Investment Fun

                                                                                                       Domestically
Zhuang Jianyi                                                                           10,821,372 listed foreign           10,821,372
                                                                                                       share

                                          1.As of September 30,Shenzhen Rising Investment and Development Co., Ltd. and Rising
                                          Investment and Development Limited, which holds 10,763,126 B-shares in the Company, act
                                          in concert. After OSRAM GmbH transfers OSRAM Holding Company Limited to
                                          Guangdong Electronics Information Industry Group Ltd., Guangdong Electronics Information
Explanation        on        associated Industry Group Ltd., Shenzhen Rising Investment and Development Co., Ltd. and Rising
relationship or persons acting in Investment and Development Limited shall become parties acting in concert, holding a total
concert among the above-mentioned of 221,660,264 shares (a stake of 17.42%) in the Company.
shareholders                              2. Prosperity Lamps & Components Limited and Zhuang Jianyi were related parties and
                                          acting-in-concert parties. Apart from that, it’s unknown whether there was any associated
                                          relationship among other shareholders of the top ten shareholders, or whether there is any
                                          action-in-concert among them regarding to Administrative Measures on Acquisition of Listed
                                          Companies.

Top   ten   non-restricted    common Wang Changhua, an individual shareholder of the Company, holds 547,054 and 18,757,700
shareholders taking part in securities shares in the Company respectively through his common securities account and credit trading
margin trading (if any)                   collateral securities account, totaling 19,304,754 shares.

Did any of the top 10 common shareholders or the top 10 non-restricted common shareholders of the Company
carry out any agreed buy-back in the reporting period?

□ Yes √ No
No such cases in the reporting period.




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2. Total number of preferred share holders and shareholdings of the top ten preferred share holders at the
period-end

□ Applicable √ Inapplicable




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                                          Section III. Significant Events

I. Major changes of main accounting statement items and financial indicators in the reporting
period, as well as reasons for the changes

√ Applicable □ Inapplicable
                                                                                                                          Unit: RMB Yuan

                             Closing amount      Opening amount (or
   Statement item           (or amount for the   amount for the same         +/-%                Main reasons for the movement
                             current period)     period of last year)
Financial          assets
measured      at     fair
value and of which
                                                                                           More treasury bonds and other securities
changes              are     79,036,750.00           20,320.00           388860.38%
                                                                                           were bought.
recorded            into
current gains and
losses
                                                                                           The    amounts     due      from   customers
Accounts receivable          478,956,663.92        322,951,674.45           48.31%
                                                                                           increased.
                                                                                           The withdrawn interest on term deposits
Interest receivable           3,828,443.43          2,101,275.54            82.20%
                                                                                           increased.
                                                                                           The financial subsidy for high-efficient
Other receivables            11,634,719.58         74,122,844.63            -84.30%        and     energy-saving        products     was
                                                                                           withdrawn.
                                                                                           A shareholding company went public and
Financial          assets
                            2,529,682,467.57       581,157,988.22          335.28%         the relevant fair value was recognized
available for sale
                                                                                           increased.
Construction           in                                                                  Engineering projects related to the plants
                             121,517,336.25        90,862,098.21            33.74%
progress                                                                                   in construction increased.
Taxes      and      fares
                             37,735,674.31         13,881,113.81           171.85%         Taxes payable increased.
payable
                                                                                           The amounts due from the Company
Other payables               80,867,197.29         21,923,820.48           268.86%
                                                                                           because of lawsuits increased.
                                                                                           The payment of the previously projected
Projected liabilities               -              61,438,275.16           -100.00%
                                                                                           lawsuit compensations was confirmed.
                                                                                           Deferred income tax liabilities recognized
Deferred income tax
                             308,704,598.20        15,516,937.71           1889.47%        due to the fair value changes of financial
liabilities
                                                                                           assets available for sale
Capital reserves             296,323,594.59        589,892,717.59           -49.77%        Capitalization of the capital reserves
Other                                                                                      The fair value of the financial asset
comprehensive               1,734,453,015.75       72,150,338.69           2303.94%        available    for   sale     recorded     great
incomes                                                                                    movements.


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Financial expenses      -20,044,328.31     -7,501,068.21         -167.22%        Exchange gains increased.
Asset      impairment                                                            Impairment provisions for fixed assets
                        42,384,452.59      3,188,721.21          1229.20%
losses                                                                           increased.
Gains and losses on                                                              Fluctuations of the market prices of the
                          393,590.00       1,379,081.46           -71.46%
fair value changes                                                               stocks held by the Company
                                                                                 The financial subsidy for high-efficient
Non-operating
                         3,656,043.70     56,763,405.38           -93.56%        and     energy-saving       products   was
incomes
                                                                                 withdrawn.
Non-operating
                        96,557,359.72       443,807.91          21656.57%        Recognized lawsuit compensations
expense
Minority
                                                                                 The     losses   on       non-wholly-owned
shareholders’           -5,844,543.38     -688,427.48           -748.97%
                                                                                 subsidiaries increased.
income
Net cash flows from
                        -215,284,023.90   -151,583,685.10         -42.02%        Dividends increased.
financing activities




II. Progress and influence of significant events, as well as the analysis and explanation on
solutions

√ Applicable □ Inapplicable
1.On 9 Sept. 2015, OSRAM GmbH, the controlling shareholder of OSRAM Holding Company Limited (the
biggest shareholder of the Company), signed the Equity Transfer Agreement with Guangdong Electronics
Information Industry Group Ltd. (“Electronics Group”), transferring the 100% stake of OSRAM Holding
Company Limited to Electronics Group at the price of RMB 2,621,813,982.30 plus the cash of OSRAM Holding
Company Limited before the pay day. According to the Agreement, Electronics Group, the transferee, shall obtain
or complete, within three months after the Agreement signing day (note: either the transferor or the transferee can
extend that period for another one month by notifying the other party in writing, which means four months after
the Agreement signing day), the approval of the State-owned Assets Supervision and Administration Commission
of the People’s Government of Guangdong Province as well as the filing with the National Development and
Reform Commission, the Department of Commerce of Guangdong Province and the Guangdong bureau of the
State Administration of Foreign Exchange regarding the said equity transfer. As such, Electronics Group shall
become the biggest shareholder of the Company after the completion of the said equity transfer (for details, see
the Indicative Announcement No. 2015-044 on the Change of Shareholder disclosed on www.cninfo.com.cn dated
10 Sept. 2015).
2. In Mar. 2013, CSRC Guangdong administered an administrative punishment on the illegal information
disclosure of the Company. During the period from September 2013 to October 2015, 2,755 plaintiffs separately
sued the Company to Guangzhou Intermediate People’s Court for false securities statement, demanding a total of
civil compensations of RMB 384,111,400 and HKD 1,328,000 from the Company for its illegal information
disclosure. During the period from November 2014 to September 2015, Guangzhou Intermediate Court rendered
the first-instance judgments for 2,182 among the aforesaid cases, ruling that the Company should pay a total of
RMB 150,868,400 and HKD 2,268,300 to the 2,182 plaintiffs as compensations as well as should bear the court
costs of RMB 2,548,600. All the judgments have taken effect. So far, there are still 573 cases left pending.



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III. Commitments made by the Company or shareholders holding over 5% of the Company’s
shares in the reporting period or such commitments carried down into the reporting period

□ Applicable √ Inapplicable
No such commitments in the reporting period.

IV. Predict the 2015 annual operating results

Warnings of possible loss or large-margin change of the accumulated net profit made during the period from the
beginning of the year to the end of the next reporting period compared with the same period of the last year
according to prediction, as well as explanations on the reasons
□Applicable √Inapplicable

V. 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
                                                                                                                           onal
Stock     002736     GXZQ          11,660.00        2,000                   2,000                  31,200.00     400.00
                                                                                                                           financial
                                                                                                                           asset

                                                                                                                           Transacti
                                                                                                                           onal
Bond      300413     KLG            4,530.00         500                           0                    0.00 11,958.67
                                                                                                                           financial
                                                                                                                           asset

                                                                                                                           Transacti
                                                                                                                           onal
Stock     300418     KLWW          10,150.00         500                           0                    0.00 23,126.61
                                                                                                                           financial
                                                                                                                           asset

                                                                                                                           Transacti
                                                                                                                           onal
Stock     601021     CQHK          18,160.00        1,000                          0                    0.00 50,547.20
                                                                                                                           financial
                                                                                                                           asset

                                                                                                                           Transacti
                                   1,005,199                                                                   1,195,894 onal
Stock     000601     SNGF                        167,300                           0                    0.00
                                          .54                                                                          .77 financial
                                                                                                                           asset



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                                                                                                  Transacti
                                                                                                  onal
Stock   300421   LXGF    4,565.00    500                     0                  0.00 6,607.00
                                                                                                  financial
                                                                                                  asset

                                                                                                  Transacti
                                                                                                  onal
Stock   601198   DXZQ   18,360.00   2,000                2,000             33,260.00     320.00
                                                                                                  financial
                                                                                                  asset

                                                                                                  Transacti
                                                                                                  onal
Stock   603118   GJGF   11,950.00   1,000                    0                  0.00 13,705.10
                                                                                                  financial
                                                                                                  asset

                                                                                                  Transacti
                                                                                                  onal
Stock   603618   HDGF   11,650.00   1,000                    0                  0.00 14,284.40
                                                                                                  financial
                                                                                                  asset

                                                                                                  Transacti
                                                                                                  onal
Stock   603939   YFYF   19,470.00   1,000                    0                  0.00 22,454.32
                                                                                                  financial
                                                                                                  asset

                                                                                                  Transacti
                                                                                                  onal
Stock   300420   WYKJ    4,135.00    500                     0                  0.00 9,076.88
                                                                                                  financial
                                                                                                  asset

                                                                                                  Transacti
                                                                                                  onal
Stock   300433   LSKJ   11,495.00    500                   500             30,995.00
                                                                                                  financial
                                                                                                  asset

                                                                                                  Transacti
                                                                                                  onal
Stock   300432   FLJG    6,985.00    500                 1,500             28,935.00     150.00
                                                                                                  financial
                                                                                                  asset

                                                                                                  Transacti
                                                                                                  onal
Stock   601689   TPJT   11,370.00   1,000                1,000             17,120.00     185.00
                                                                                                  financial
                                                                                                  asset

                                                                                                  Transacti
                                                                                                  onal
Stock   600958   DFZQ   50,150.00   5,000                    0                  0.00 53,088.25
                                                                                                  financial
                                                                                                  asset

Stock   002752   SXGF    2,870.00    500                   500             12,695.00              Transacti


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                                                                                                   onal
                                                                                                   financial
                                                                                                   asset

                                                                                                   Transacti
                                                                                                   onal
Stock   603808   GLS    19,160.00    1,000                1,000             36,090.00     250.00
                                                                                                   financial
                                                                                                   asset

                                                                                                   Transacti
                                                                                                   onal
Stock   600959   JSYX   10,940.00    2,000                2,000             34,660.00
                                                                                                   financial
                                                                                                   asset

                                                                                                   Transacti
                                                                                                   onal
Stock   300438   PHNY    7,435.00     500                   500             28,295.00
                                                                                                   financial
                                                                                                   asset

                                                                                                   Transacti
                                                                                                   onal
Stock   300455   KTHW    3,440.00     500                   500             15,990.00
                                                                                                   financial
                                                                                                   asset

                                                                                                   Transacti
                                                                                                   onal
Stock   300456   NWKJ    7,005.00     500                   500             51,600.00
                                                                                                   financial
                                                                                                   asset

                                                                                                   Transacti
                                                                                                   onal
Stock   603227   XFKJ    4,980.00    1,000                1,000             22,810.00
                                                                                                   financial
                                                                                                   asset

                                                                                                   Transacti
                                                                                                   onal
Stock   603198   YJGJ   11,800.00    1,000                1,000             32,930.00     400.00
                                                                                                   financial
                                                                                                   asset

                                                                                                   Transacti
                                                                                                   onal
Stock   300478   HZGX    7,420.00     500                   500             17,950.00
                                                                                                   financial
                                                                                                   asset

                                                                                                   Transacti
                                                                            170,820.0              onal
Stock   601985   ZGHD   61,020.00   18,000               18,000
                                                                                    0              financial
                                                                                                   asset

                        118,260.0                                           117,600.0              Transacti
Stock   601211   GTJA                6,000                6,000
                               0                                                    0              onal



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                                                                                                    financial
                                                                                                    asset

                                                                                                    Transacti
                                                                                                    onal
Stock   300482   WFSW       8,000.00   500                  500             41,500.00
                                                                                                    financial
                                                                                                    asset

                                                                                                    Transacti
                           98,754,00                                                                onal        Pledged
Other   205001   1 Day                                                           0.00 6,884.18
                                0.00                                                                financial repo
                                                                                                    asset

                                                                                                    Transacti
                           69,226,00                                        56,812,00               onal        Pledged
Other   205007   7 Days                                                                  9,066.92
                                0.00                                             0.00               financial repo
                                                                                                    asset

                                                                                                    Transacti
                           50,880,00                                        18,500,00               onal        Pledged
Other   205008   14 Days                                                                40,510.28
                                0.00                                             0.00               financial repo
                                                                                                    asset

                                                                                                    Transacti Reverse
                           2,161,921                                                    225,374.9 onal          repo of
Bond    204001   GC001                                                           0.00
                             ,619.00                                                            9 financial governme
                                                                                                    asset       nt bonds

                                                                                                    Transacti Reverse
                           141,102,8                                                                onal        repo of
Bond    204002   GC002                                                           0.00 14,667.83
                              22.00                                                                 financial governme
                                                                                                    asset       nt bonds

                                                                                                    Transacti Reverse
                           92,402,77                                                                onal        repo of
Bond    204003   GC003                                                           0.00 35,653.66
                                2.00                                                                financial governme
                                                                                                    asset       nt bonds

                                                                                                    Transacti Reverse
                           321,912,8                                                                onal        repo of
Bond    204004   GC004                                                           0.00 99,379.38
                              76.00                                                                 financial governme
                                                                                                    asset       nt bonds

                                                                                                    Transacti Reverse
                           491,324,5                                                    156,695.6 onal          repo of
Bond    204007   GC007                                                           0.00
                              65.00                                                             2 financial governme
                                                                                                    asset       nt bonds

                                                                                                    Transacti Reverse
                           3,000,300                                        3,000,300
Bond    204014   GC014                                                                              onal        repo of
                                 .00                                              .00
                                                                                                    financial governme



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                                                                                                                asset    nt bonds

                                                                                              0.00

Other securities investments
                                         0.00                --                  --           0.00                  --       --
held at period-end

                                 3,431,987                                               79,036,75 1,990,681
Total                                           216,300      --       39,000     --                                 --       --
                                   ,113.54                                                    0.00        .06

Disclosure date of the board
announcement on approval of      23 Jan. 2014
the securities investment

Disclosure date of the general
meeting announcement on
approval of the securities
investment (if any)

Note: The funds for “pledged repo” and “reverse repo of government bonds” were strictly controlled within the

line approved by the board, without use out of line. In order to better use the funds, we carried out repeated

investment in the mature investment products above in multiple transactions. As such, the single investment costs

for “pledged repo” and “reverse repo of government bonds” were their accumulative amounts which were

repeatedly invested with during Jan.-Sept. 2015.


VI. Shareholdings in other listed companies

√ Applicable □ Inapplicable

At the end of the reporting period, the Company held 73,006,150 shares in Guoxuan High-Tech Co., Ltd. (stock

abbr.: GXGK; stock code: 002074), which are currently restrictedly tradable (for details, see Announcement No.

2015-018 on Progress of Back Door Listing of Shareholding Company disclosed on www.cninfo.com.cn dated 14

May 2015). Apart from that, the Company held 18,546,754 shares in Everbright Bank.


VII. Investments in derivatives

□Applicable √Inapplicable
The Company did not invest in any derivative in the reporting period.

VIII. Researches, visits and interviews received in the reporting period

√Applicable □Inapplicable
                                                                                                           Main discussion and
                                                  Way of
           Time                  Place                            Visitor type           Visitor        materials provided by the
                                                 reception
                                                                                                                  Company



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                                                                                                 The situation of the
15 Jul. 2015            The Company      By phone       Individual          Individual investor Company’s production and
                                                                                                 operation

                                                                                                 Particulars about the halt in
26 Aug. 2015            The Company      By phone       Individual          Individual investor the trading of the
                                                                                                 Company’s shares

                                                                                                 Particulars about the
10 Sept. 2015           The Company      By phone       Individual          Individual investor changes in the Company’s
                                                                                                 shareholders


IX. Illegal external guarantees

□Applicable √Inapplicable
No such cases in the reporting period.

X. Occupation of the Company’s capital by the controlling shareholder or its related parties
for non-operating purposes

□Applicable √Inapplicable
No such cases in the reporting period.




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                                   Section IV. Financial Statements

I. Financial statements

1. Consolidated balance sheet

Prepared by Foshan Electrical and Lighting Co., Ltd.
                                                             30 Sept. 2015
                                                                                                                      Unit: RMB Yuan

                  Item                                   Closing balance                              Opening balance

Current assets:

  Monetary funds                                                        814,662,598.87                                989,718,395.60

  Settlement reserves

  Intra-group lendings

  Financial assets measured at fair
value of which changes are recorded in                                     79,036,750.00                                   20,320.00
current profits and losses

  Derivative financial assets

  Notes receivable                                                      211,396,242.45                                250,993,285.13

  Accounts receivable                                                   478,956,663.92                                322,951,674.45

  Accounts paid in advance                                                 15,203,117.40                               12,551,566.91

  Premiums receivable

  Reinsurance premiums receivable

  Receivable      reinsurance   contract
reserves

  Interest receivable                                                       3,828,443.43                                2,101,275.54

  Dividend receivable

  Other accounts receivable                                                11,634,719.58                               74,122,844.63

  Financial assets purchased under
agreements to resell

  Inventories                                                           537,402,436.50                                625,794,972.48

  Assets held for sale

  Non-current assets due within 1 year

  Other current assets                                                     39,953,405.72                               31,783,068.68

Total current assets                                                  2,192,074,377.87                              2,310,037,403.42



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Non-current assets:

  Loans by mandate and advances
granted

  Available-for-sale financial assets                     2,529,682,467.57                                581,157,988.22

  Held-to-maturity investments

  Long-term accounts receivable

  Long-term equity investment                                  3,645,389.80                                 3,689,724.39

  Investing real estate

  Fixed assets                                              396,038,129.65                                463,267,701.29

  Construction in progress                                  121,517,336.25                                 90,862,098.21

  Engineering materials

  Disposal of fixed assets

  Production biological assets

  Oil-gas assets

  Intangible assets                                         182,503,295.44                                187,114,129.71

  R&D expense

  Goodwill                                                     7,360,330.45                                 7,360,330.45

  Long-term deferred expenses                                   457,228.52                                    918,958.73

  Deferred income tax assets                                 46,060,361.26                                 41,696,214.79

  Other non-current assets                                   52,226,587.99                                 50,599,787.19

Total of non-current assets                               3,339,491,126.93                              1,426,666,932.98

Total assets                                              5,531,565,504.80                              3,736,704,336.40

Current liabilities:

  Short-term borrowings

  Borrowings from the Central Bank

  Customer bank deposits and due to
banks and other financial institutions

  Intra-group borrowings

  Financial liabilities measured at fair
value of which changes are recorded in
current profits and losses

  Derivative financial liabilities

  Notes payable

  Accounts payable                                          355,773,377.94                                399,330,968.48

  Accounts received in advance                               65,797,234.12                                 60,842,257.61



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  Financial assets sold and repurchased

  Handling charges and commissions
payable

  Payroll payable                                                62,377,063.72                                 58,315,210.64

  Tax payable                                                    37,735,674.31                                 13,881,113.81

  Interest payable

  Dividend payable

  Other accounts payable                                         80,867,197.29                                 21,923,820.48

  Reinsurance premiums payable

  Insurance contract reserves

  Payables     for     acting   trading   of
securities

  Payables for acting underwriting of
securities

  Liabilities held for sale

  Non-current liabilities due within 1
year

  Other current liabilities

Total current liabilities                                       602,550,547.38                                554,293,371.02

Non-current liabilities:

  Long-term borrowings

  Bonds payable

       Of which: preference shares

                    Perpetual bonds

  Long-term payables

  Long-term payroll payables

  Specific payables

  Estimated liabilities                                                                                        61,438,275.16

  Deferred income                                                11,201,416.50                                 10,955,833.27

  Deferred income tax liabilities                               308,704,598.20                                 15,516,937.71

  Other non-current liabilities

Total non-current liabilities                                   319,906,014.70                                 87,911,046.14

Total liabilities                                               922,456,562.08                                642,204,417.16

Owners’ equity:

  Share capital                                               1,272,132,868.00                                978,563,745.00



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  Other equity instruments

     Of which: preference shares

                  Perpetual bonds

  Capital reserves                                                296,323,594.59                                589,892,717.59

  Less: Treasury stock

  Other comprehensive income                                    1,734,453,015.75                                 72,150,338.69

  Specific reserves

  Surplus reserves                                                626,168,440.86                                626,168,440.86

  Provisions for general risks

  Retained profits                                                635,961,368.23                                777,810,478.44

Total equity attributable to owners of
                                                                4,565,039,287.43                              3,044,585,720.58
the Company

  Minority interests                                                 44,069,655.29                               49,914,198.66

Total owners’ equity                                           4,609,108,942.72                              3,094,499,919.24

Total liabilities and owners’ equity                           5,531,565,504.80                              3,736,704,336.40


Legal representative: Pan Jie                                        Person-in-charge of the accounting work: Pan Jie


Chief of the accounting division: Yin Jianchun


2. Balance sheet of the Company

                                                                                                                Unit: RMB Yuan

                   Item                            Closing balance                               Opening balance

Current assets:

  Monetary funds                                                  505,982,072.25                                685,652,777.19

  Financial assets measured at fair
value of which changes are recorded in                               79,036,750.00                                      20,320.00
current profits and losses

  Derivative financial assets

  Notes receivable                                                200,830,865.36                                240,920,585.13

  Accounts receivable                                             521,544,490.25                                335,793,103.52

  Accounts paid in advance                                           19,266,722.04                               16,580,637.31

  Interest receivable

  Dividend receivable

  Other accounts receivable                                          39,628,387.41                              142,329,039.45

  Inventories                                                     502,969,808.98                                578,978,618.17


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  Assets held for sale

  Non-current assets due within 1 year

  Other current assets                                       31,602,862.21                                 27,359,093.82

Total current assets                                      1,900,861,958.50                              2,027,634,174.59

Non-current assets:

  Available-for-sale financial assets                     2,529,682,467.57                                581,157,988.22

  Held-to-maturity investments

  Long-term accounts receivable

  Long-term equity investment                               445,595,329.56                                445,639,664.15

  Investing real estate

  Fixed assets                                              315,993,778.37                                362,743,711.79

  Construction in progress                                  119,027,765.47                                 88,784,906.41

  Engineering materials

  Disposal of fixed assets

  Production biological assets

  Oil-gas assets

  Intangible assets                                         121,717,826.81                                125,206,977.08

  R&D expense

  Goodwill

  Long-term deferred expenses

  Deferred income tax assets                                 29,203,995.53                                 33,978,127.89

  Other non-current assets                                   50,557,419.99                                 48,778,664.19

Total of non-current assets                               3,611,778,583.30                              1,686,290,039.73

Total assets                                              5,512,640,541.80                              3,713,924,214.32

Current liabilities:

  Short-term borrowings

  Financial liabilities measured at fair
value of which changes are recorded in
current profits and losses

  Derivative financial liabilities

  Notes payable

  Accounts payable                                          461,709,218.02                                447,190,248.26

  Accounts received in advance                               63,543,765.95                                 56,335,813.10

  Payroll payable                                            44,861,811.32                                 56,655,167.35

  Tax payable                                                27,041,252.09                                  5,496,341.46


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                                         Report for the Third Quarter of 2015 of Foshan Electrical and Lighting Co., Ltd.


  Interest payable

  Dividend payable

  Other accounts payable                                  103,586,767.82                                 89,738,558.57

  Liabilities held for sale

  Non-current liabilities due within 1
year

  Other current liabilities

Total current liabilities                                 700,742,815.20                                655,416,128.74

Non-current liabilities:

  Long-term borrowings

  Bonds payable

       Of which: preference shares

                    Perpetual bonds

  Long-term payables

  Long-term payroll payables

  Specific payables

  Estimated liabilities                                                                                  61,438,275.16

  Deferred income                                          10,542,666.45                                 10,180,833.31

  Deferred income tax liabilities                         306,140,281.45                                 12,733,711.71

  Other non-current liabilities

Total non-current liabilities                             316,682,947.90                                 84,352,820.18

Total liabilities                                       1,017,425,763.10                                739,768,948.92

Owners’ equity:

  Share capital                                         1,272,132,868.00                                978,563,745.00

  Other equity instruments

       Of which: preference shares

                    Perpetual bonds

  Capital reserves                                        293,418,663.91                                586,987,786.91

  Less: Treasury stock

  Other comprehensive income                            1,734,453,015.75                                 72,150,338.69

  Specific reserves

  Surplus reserves                                        626,168,440.86                                626,168,440.86

  Retained profits                                        569,041,790.18                                710,284,953.94

Total owners’ equity                                   4,495,214,778.70                              2,974,155,265.40




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                                                 Report for the Third Quarter of 2015 of Foshan Electrical and Lighting Co., Ltd.


Total liabilities and owners’ equity                           5,512,640,541.80                              3,713,924,214.32


Legal representative: Pan Jie                                      Person-in-charge of the accounting work: Pan Jie


Chief of the accounting division: Yin Jianchun


3. Consolidated income statement for the reporting period

                                                                                                                Unit: RMB Yuan

                      Item                           Jul.-Sept. 2015                             Jul.-Sept. 2014

I. Operating revenues                                             708,115,195.93                                813,054,868.99

Including: Sales income                                           708,115,195.93                                813,054,868.99

         Interest income

         Premium income

         Handling charge and commission
income

II. Operating costs                                               642,721,696.02                                736,252,905.21

Including: Cost of sales                                          542,230,043.63                                622,564,216.73

         Interest expenses

         Handling charge and commission
expenses

         Surrenders

         Net claims paid

         Net amount withdrawn for the
insurance contract reserve

         Expenditure on policy dividends

         Reinsurance premium

         Taxes and associate charges                                   6,711,800.86                                 5,781,243.33

       Selling and distribution expenses                            35,778,209.37                                  41,394,727.55

       Administrative expenses                                      67,490,716.09                                  68,202,701.20

       Financial expenses                                              -8,836,387.51                               -1,767,720.58

       Asset impairment loss                                            -652,686.42                                   77,736.98

Add: Gain/(loss) from change in fair
                                                                        -879,180.46                                  263,325.00
value (“-” means loss)

     Gain/(loss) from investment (“-”
                                                                       1,000,143.12                                 4,283,490.23
means loss)

     Including:    share     of   profits   in                           -43,126.19                                -1,974,838.28



                                                                                                                              22
                                                   Report for the Third Quarter of 2015 of Foshan Electrical and Lighting Co., Ltd.


associates and joint ventures

        Foreign exchange gains (“-” means
loss)

III. Business profit (“-” means loss)                               65,514,462.57                                81,348,779.01

        Add: non-operating income                                        711,341.35                                53,469,038.32

          Including: Gains on disposal of
                                                                           4,533.19                                     2,656.53
non-current assets

        Less: non-operating expense                                   81,621,195.57                                   328,352.43

          Including: Losses on disposal of
                                                                         169,132.84                                    89,848.46
non-current assets

IV. Total profit (“-” means loss)                                  -15,395,391.65                               134,489,464.90

        Less: Income tax expense                                      13,529,834.96                                21,649,281.23

V. Net profit (“-” means loss)                                     -28,925,226.61                               112,840,183.67

        Net profit attributable to owners of
                                                                     -26,823,845.62                               111,798,106.18
the Company

        Minority shareholders’ income                                -2,101,380.99                                 1,042,077.49

VI. After-tax net amount of other
                                                                    266,466,095.90                                  4,603,393.15
comprehensive incomes

        After-tax   net   amount      of   other
comprehensive incomes attributable to                               266,466,095.90                                  4,603,393.15
owners of the Company

          (I) Other comprehensive incomes
that will not be reclassified into gains and
losses

            1. Changes in net liabilities or
assets with a defined benefit plan upon
re-measurement

            2. Enjoyable shares in other
comprehensive incomes in investees that
cannot be reclassified into gains and
losses under the equity method

          (II) Other comprehensive incomes
that will be reclassified into gains and                            266,466,095.90                                  4,603,393.15
losses

            1. Enjoyable shares in other
comprehensive incomes in investees that
will be reclassified into gains and losses
under the equity method

            2. Gains and losses on fair                             266,466,095.90                                  4,603,393.15


                                                                                                                                23
                                                    Report for the Third Quarter of 2015 of Foshan Electrical and Lighting Co., Ltd.


value    changes      of   available-for-sale
financial assets

           3. Gains        and losses on
reclassifying                held-to-maturity
investments      into       available-for-sale
financial assets
          4. Effective hedging gains and
losses on cash flows
          5. Foreign-currency financial
statement translation difference

           6. Other

    After-tax net amount of other
comprehensive incomes attributable to
minority shareholders

VII. Total comprehensive incomes                                      237,540,869.29                                117,443,576.82

     Attributable     to   owners    of   the
                                                                      239,642,250.28                                116,401,499.33
Company

     Attributable          to       minority
                                                                         -2,101,380.99                                   1,042,077.49
shareholders

VIII. Earnings per share

     (I) Basic earnings per share                                              -0.0211                                        0.0879

     (II) Diluted earnings per share                                           -0.0211                                        0.0879

Where business mergers under the same control occurred in the reporting period, the net profit achieved by the merged parties before
the business mergers was RMB 0.00, with the corresponding amount for the same period of last year being RMB 0.00.


Legal representative: Pan Jie                                            Person-in-charge of the accounting work: Pan Jie


Chief of the accounting division: Yin Jianchun


4. Income statement of the Company for the reporting period

                                                                                                                    Unit: RMB Yuan

                    Item                               Jul.-Sept. 2015                                Jul.-Sept. 2014

I. Total sales                                                        720,912,734.95                                806,665,406.65

  Less: cost of sales                                                 574,751,556.83                                640,443,951.13

     Business taxes and surcharges                                        4,461,643.20                                   3,478,834.42

     Distribution expenses                                               35,033,215.58                                  39,720,980.54

     Administrative expenses                                             50,759,084.41                                  59,903,503.42

     Financial costs                                                     -6,971,556.08                                    309,962.70

     Impairment loss                                                       -640,204.47                                    239,314.19



                                                                                                                                   24
                                                 Report for the Third Quarter of 2015 of Foshan Electrical and Lighting Co., Ltd.


  Add: gain/(loss) from change in fair
                                                                      -879,180.46                                   263,325.00
value (“-” means loss)

     Gain/(loss) from investment (“-”
                                                                     1,000,143.12                                 4,283,490.23
means loss)

     Including: income form investment
                                                                       -43,126.19                                -1,974,838.28
on associates and joint ventures

II. Business profit (“-” means loss)                             63,639,958.14                                 67,115,675.48

  Add: non-operating income                                           482,758.84                                 53,186,773.16

     Including: Gains on disposal of
                                                                         3,261.06                                     2,656.53
non-current assets

  Less: non-operating expense                                      80,194,137.39                                    259,672.88

     Including: Losses on disposal of
                                                                        71,254.04                                    76,836.26
non-current assets

III. Total profit (“-” means loss)                              -16,071,420.41                                120,042,775.76

  Less: Income tax expense                                         13,258,294.88                                 18,940,646.61

IV. Net profit (“-” means loss)                                 -29,329,715.29                                101,102,129.15

V. After-tax net amount of other
                                                                  266,466,095.90                                  4,603,393.15
comprehensive incomes

  (I) Other comprehensive incomes that
will not be reclassified into gains and
losses

     1. Changes in net liabilities or
assets with a defined benefit plan upon
re-measurement

     2.   Enjoyable     shares      in   other
comprehensive incomes in investees
that cannot be reclassified into gains
and losses under the equity method

  (II) Other comprehensive incomes
that will be reclassified into gains and                          266,466,095.90                                  4,603,393.15
losses

     1.   Enjoyable     shares      in   other
comprehensive incomes in investees
that will be reclassified into gains and
losses under the equity method

     2. Gains and losses on fair value
changes of available-for-sale financial                           266,466,095.90                                  4,603,393.15
assets

     3.     Gains      and     losses      on


                                                                                                                              25
                                                 Report for the Third Quarter of 2015 of Foshan Electrical and Lighting Co., Ltd.


reclassifying                 held-to-maturity
investments        into     available-for-sale
financial assets

     4. Effective hedging gains and
losses on cash flows

     5.      Foreign-currency        financial
statement translation difference

     6. Other

VI. Total comprehensive incomes                                   237,136,380.61                                105,705,522.30

VII. Earnings per share

    (I) Basic earnings per share

    (II) Diluted earnings per share


Legal representative: Pan Jie                                      Person-in-charge of the accounting work: Pan Jie


Chief of the accounting division: Yin Jianchun


5. Consolidated income statement for Jan.-Sept. 2015

                                                                                                                Unit: RMB Yuan

                       Item                         Jan.-Sept. 2015                              Jan.-Sept. 2014

I. Operating revenues                                           2,232,477,982.42                              2,356,113,627.02

Including: Sales income                                         2,232,477,982.42                              2,356,113,627.02

          Interest income

          Premium income

          Handling charge and commission
income

II. Operating costs                                             2,052,625,592.96                              2,072,803,238.63

Including: Cost of sales                                        1,708,273,484.64                              1,778,781,496.88

          Interest expenses

          Handling charge and commission
expenses

          Surrenders

          Net claims paid

          Net amount withdrawn for the
insurance contract reserve

          Expenditure on policy dividends

          Reinsurance premium


                                                                                                                              26
                                                   Report for the Third Quarter of 2015 of Foshan Electrical and Lighting Co., Ltd.


          Taxes and associate charges                                 18,636,634.64                                20,911,197.63

          Selling and distribution expenses                         118,002,589.64                                104,362,640.48

          Administrative expenses                                   181,786,564.78                                172,698,040.65

          Financial expenses                                         -20,044,328.31                                -7,501,068.21

          Asset impairment loss                                       45,970,647.57                                 3,550,931.20

Add: Gain/(loss) from change in fair
                                                                         393,590.00                                 1,379,081.46
value (“-” means loss)
    Gain/(loss) from investment (“-”
                                                                      21,709,308.94                                22,398,896.01
means loss)
     Including: share of profits              in
                                                                         -44,334.59                                -4,570,361.37
associates and joint ventures

        Foreign exchange gains (“-” means
loss)

III. Business profit (“-” means loss)                             201,955,288.40                                307,088,365.86

        Add: non-operating income                                      3,656,043.70                                56,763,405.38

          Including: Gains on disposal of
                                                                          10,647.72                                    25,197.24
non-current assets

        Less: non-operating expense                                   96,557,359.72                                   443,807.91

          Including: Losses on disposal of
                                                                         566,257.30                                   199,691.48
non-current assets

IV. Total profit (“-” means loss)                                 109,053,972.38                                363,407,963.33

        Less: Income tax expense                                      41,463,602.07                                63,339,145.18

V. Net profit (“-” means loss)                                      67,590,370.31                               300,068,818.15

        Net profit attributable to owners of
                                                                      73,434,913.69                               300,757,245.63
the Company

        Minority shareholders’ income                                -5,844,543.38                                  -688,427.48

VI. After-tax net amount of other
                                                                  1,662,302,677.06                                  2,201,622.81
comprehensive incomes

        After-tax   net   amount      of   other
comprehensive incomes attributable to                             1,662,302,677.06                                  2,201,622.81
owners of the Company

          (I) Other comprehensive incomes
that will not be reclassified into gains and
losses

            1. Changes in net liabilities or
assets with a defined benefit plan upon
re-measurement

            2. Enjoyable shares in other
comprehensive incomes in investees that

                                                                                                                                27
                                                      Report for the Third Quarter of 2015 of Foshan Electrical and Lighting Co., Ltd.


cannot be reclassified into gains and
losses under the equity method

         (II) Other comprehensive incomes
that will be reclassified into gains and                             1,662,302,677.06                                  2,201,622.81
losses

           1. Enjoyable shares in other
comprehensive incomes in investees that
will be reclassified into gains and losses
under the equity method

           2. Gains and losses on fair
value    changes      of       available-for-sale                    1,662,302,677.06                                  2,201,622.81
financial assets

           3. Gains            and losses on
reclassifying                    held-to-maturity
investments      into           available-for-sale
financial assets

           4. Effective hedging gains and
losses on cash flows

           5. Foreign-currency financial
statement translation difference

           6. Other

     After-tax     net        amount    of    other
comprehensive incomes attributable to
minority shareholders

VII. Total comprehensive incomes                                     1,729,893,047.37                                302,270,440.96

     Attributable        to    owners    of     the
                                                                     1,735,737,590.75                                302,958,868.44
Company

     Attributable              to        minority
                                                                         -5,844,543.38                                  -688,427.48
shareholders

VIII. Earnings per share

     (I) Basic earnings per share                                               0.0577                                       0.2382

     (II) Diluted earnings per share                                            0.0577                                       0.2382

Where business mergers under the same control occurred in this period, the net profit achieved by the merged parties before the
business mergers was RMB 0.00, with the corresponding amount for the same period of last year being RMB 0.00.


Legal representative: Pan Jie                                           Person-in-charge of the accounting work: Pan Jie


Chief of the accounting division: Yin Jianchun




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                                                 Report for the Third Quarter of 2015 of Foshan Electrical and Lighting Co., Ltd.


6. Income statement of the Company for Jan.-Sept. 2015

                                                                                                                Unit: RMB Yuan

                    Item                           Jan.-Sept. 2015                               Jan.-Sept. 2014

I. Total sales                                                  2,270,512,189.33                              2,376,898,585.23

  Less: cost of sales                                           1,788,069,981.31                              1,852,122,043.43

     Business taxes and surcharges                                   12,070,843.28                                 14,672,962.49

     Distribution expenses                                        114,981,668.27                                100,712,956.80

     Administrative expenses                                      142,323,446.04                                149,762,871.66

     Financial costs                                               -14,117,149.02                                  -1,606,596.11

     Impairment loss                                                 42,384,452.59                                  3,188,721.21

  Add: gain/(loss) from change in fair
                                                                       393,590.00                                   1,379,081.46
value (“-” means loss)

     Gain/(loss) from investment (“-”
                                                                     21,709,308.94                                 27,286,940.89
means loss)

     Including: income form investment
                                                                        -44,334.59                                 -4,570,361.37
on associates and joint ventures

II. Business profit (“-” means loss)                            206,901,845.80                                286,711,648.10

  Add: non-operating income                                           2,809,300.57                                 56,311,598.43

     Including: Gains on disposal of
                                                                          9,375.59                                    23,548.17
non-current assets

  Less: non-operating expense                                        95,029,663.34                                   326,629.40

     Including: Losses on disposal of
                                                                       367,887.24                                    138,590.12
non-current assets

III. Total profit (“-” means loss)                              114,681,483.03                                342,696,617.13

  Less: Income tax expense                                           40,640,622.89                                 55,148,025.14

IV. Net profit (“-” means loss)                                    74,040,860.14                              287,548,591.99

V. After-tax net amount of other
                                                                1,662,302,677.06                                    2,201,622.81
comprehensive incomes

  (I) Other comprehensive incomes that
will not be reclassified into gains and
losses

     1. Changes in net liabilities or
assets with a defined benefit plan upon
re-measurement

     2.   Enjoyable     shares      in   other
comprehensive incomes in investees
that cannot be reclassified into gains


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                                                        Report for the Third Quarter of 2015 of Foshan Electrical and Lighting Co., Ltd.


and losses under the equity method

  (II) Other comprehensive incomes
that will be reclassified into gains and                               1,662,302,677.06                                   2,201,622.81
losses

     1.   Enjoyable            shares   in      other
comprehensive incomes in investees
that will be reclassified into gains and
losses under the equity method

     2. Gains and losses on fair value
changes of available-for-sale financial                                1,662,302,677.06                                   2,201,622.81
assets

     3.    Gains          and         losses      on
reclassifying                   held-to-maturity
investments        into        available-for-sale
financial assets

     4. Effective hedging gains and
losses on cash flows

     5.    Foreign-currency              financial
statement translation difference

     6. Other

VI. Total comprehensive incomes                                        1,736,343,537.20                                289,750,214.80

VII. Earnings per share

    (I) Basic earnings per share

    (II) Diluted earnings per share


Legal representative: Pan Jie                                               Person-in-charge of the accounting work: Pan Jie


Chief of the accounting division: Yin Jianchun


7. Consolidated cash flow statement for Jan.-Sept. 2015

                                                                                                                       Unit: RMB Yuan

                     Item                                 Jan.-Sept. 2015                               Jan.-Sept. 2014

I. Cash flows from operating activities:

  Cash      received           from      sale     of
                                                                       2,102,277,561.19                              2,076,769,836.60
commodities and rendering of service

  Net     increase        of     deposits       from
customers and dues from banks

  Net increase of loans from the central



                                                                                                                                     30
                                             Report for the Third Quarter of 2015 of Foshan Electrical and Lighting Co., Ltd.


bank

  Net increase of funds borrowed from
other financial institutions

  Cash received from premium of
original insurance contracts

  Net cash received from reinsurance
business

  Net increase of deposits of policy
holders and investment fund

  Net increase of disposal of financial
assets measured at fair value of which
changes are recorded into current gains
and losses

  Cash received from interest, handling
charges and commissions

  Net        increase   of     intra-group
borrowings

  Net increase of funds in repurchase
business

  Tax refunds received                                         33,445,602.81                                 72,644,129.98

  Other cash received relating to
                                                               20,678,610.25                                 20,082,032.78
operating activities

Subtotal of cash inflows from operating
                                                            2,156,401,774.25                              2,169,495,999.36
activities

  Cash paid for goods and services                          1,234,358,194.72                              1,326,879,168.41

  Net increase of customer lendings
and advances

  Net increase of funds deposited in the
central bank and amount due from
banks

  Cash for paying claims of the original
insurance contracts

  Cash for paying interest, handling
charges and commissions

  Cash for paying policy dividends

  Cash paid to and for employees                              403,809,285.82                                395,252,355.70

  Various taxes paid                                          147,501,911.63                                173,347,398.11

  Other cash payment relating to                              223,558,128.68                                114,657,687.66



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                                                     Report for the Third Quarter of 2015 of Foshan Electrical and Lighting Co., Ltd.


operating activities

Subtotal        of     cash    outflows       from
                                                                    2,009,227,520.85                              2,010,136,609.88
operating activities

Net cash flows from operating activities                              147,174,253.40                                159,359,389.48

II. Cash flows from investing activities:

   Cash received from withdrawal of
                                                                                                                     84,584,789.24
investments

   Cash       received        from   return    on
                                                                       22,503,643.86                                 26,897,948.09
investments

   Net cash received from disposal of
fixed assets, intangible assets and other                                 918,188.00
long-term assets

   Net cash received from disposal of
subsidiaries or other business units

   Other cash received relating to
investing activities

Subtotal of cash inflows from investing
                                                                       23,421,831.86                                111,482,737.33
activities

   Cash paid to acquire fixed assets,
intangible assets and other long-term                                  56,386,190.51                                 61,725,661.90
assets

   Cash paid for investment                                            72,247,111.38                                139,846,192.64

   Net increase of pledged loans

   Net cash paid to acquire subsidiaries
                                                                                                                     11,512,886.32
and other business units

   Other cash payments relating to
investing activities

Subtotal        of     cash    outflows       from
                                                                      128,633,301.89                                213,084,740.86
investing activities

Net cash flows from investing activities                             -105,211,470.03                               -101,602,003.53

III.     Cash        Flows    from     Financing
Activities:

       Cash      received       from       capital
contributions

       Including:      Cash     received      from
minority shareholder investments by
subsidiaries

       Cash received from borrowings



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                                                 Report for the Third Quarter of 2015 of Foshan Electrical and Lighting Co., Ltd.


    Cash received from issuance of
bonds

    Other cash received relating to
                                                                                                                        2,452.04
financing activities

Subtotal of cash inflows from financing
                                                                                                                        2,452.04
activities

    Repayment of borrowings

    Cash paid for interest expenses and
                                                                  215,284,023.90                                149,551,837.14
distribution of dividends or profit

     Including: dividends or profit paid
by subsidiaries to minority shareholders

     Other cash payments relating to
                                                                                                                    2,034,300.00
financing activities

Sub-total     of   cash     outflows     from
                                                                  215,284,023.90                                151,586,137.14
financing activities

Net cash flows from financing activities                         -215,284,023.90                               -151,583,685.10

IV. Effect of foreign exchange rate
                                                                     -1,734,556.20                                 -3,983,205.58
changes on cash and cash equivalents

V. Net increase in cash and cash
                                                                 -175,055,796.73                                -97,809,504.73
equivalents

     Add: Opening balance of cash and
                                                                  989,718,395.60                                897,675,824.22
cash equivalents

VI. Closing balance of cash and cash
                                                                  814,662,598.87                                799,866,319.49
equivalents


Legal representative: Pan Jie                                        Person-in-charge of the accounting work: Pan Jie


Chief of the accounting division: Yin Jianchun


8. Cash flow statement of the Company for Jan.-Sept. 2015

                                                                                                                Unit: RMB Yuan

                    Item                           Jan.-Sept. 2015                               Jan.-Sept. 2014

I. Cash flows from operating activities:

  Cash       received      from   sale     of
                                                                2,067,661,900.95                              2,036,003,201.81
commodities and rendering of service

  Tax refunds received                                               33,276,332.50                                 72,511,885.64

  Other cash received relating to
                                                                     18,229,755.23                                 17,748,548.58
operating activities


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                                                     Report for the Third Quarter of 2015 of Foshan Electrical and Lighting Co., Ltd.


Subtotal of cash inflows from operating
                                                                    2,119,167,988.68                              2,126,263,636.03
activities

   Cash paid for goods and services                                 1,518,134,264.09                              1,581,047,195.45

   Cash paid to and for employees                                     160,958,419.31                                158,412,719.46

   Various taxes paid                                                  70,871,999.04                                109,706,043.58

   Other cash payment relating to
                                                                      216,260,245.11                                119,487,110.64
operating activities

Subtotal        of     cash    outflows       from
                                                                    1,966,224,927.55                              1,968,653,069.13
operating activities

Net cash flows from operating activities                              152,943,061.13                                157,610,566.90

II. Cash flows from investing activities:

   Cash received from withdrawal of
                                                                                                                     84,584,789.24
investments

   Cash      received         from   return    on
                                                                       22,503,643.86                                 31,785,992.97
investments

   Net cash received from disposal of
fixed assets, intangible assets and other                                   17,188.00
long-term assets
  Net cash received from disposal of
subsidiaries or other business units
  Other cash received relating to
investing activities

Subtotal of cash inflows from investing
                                                                       22,520,831.86                                116,370,782.21
activities

   Cash paid to acquire fixed assets,
intangible assets and other long-term                                  65,844,104.54                                 53,116,260.50
assets

   Cash paid for investment                                            72,247,111.38                                164,206,192.64

   Net cash paid to acquire subsidiaries
and other business units

  Other cash payments relating to
investing activities

Subtotal        of     cash    outflows       from
                                                                      138,091,215.92                                217,322,453.14
investing activities

Net cash flows from investing activities                             -115,570,384.06                               -100,951,670.93

III.     Cash        Flows    from     Financing
Activities:

   Cash     received            from      capital
contributions

       Cash received from borrowings


                                                                                                                                  34
                                                 Report for the Third Quarter of 2015 of Foshan Electrical and Lighting Co., Ltd.


    Cash received from issuance of
bonds

    Other cash received relating to
financing activities

Subtotal of cash inflows from financing
activities

    Repayment of borrowings

    Cash paid for interest expenses and
                                                                  215,284,023.90                                147,665,237.14
distribution of dividends or profit

     Other cash payments relating to
financing activities

Sub-total     of   cash   outflows    from
                                                                  215,284,023.90                                147,665,237.14
financing activities

Net cash flows from financing activities                         -215,284,023.90                               -147,665,237.14

IV. Effect of foreign exchange rate
                                                                    -1,759,358.11                                -3,983,205.58
changes on cash and cash equivalents

V. Net increase in cash and cash
                                                                 -179,670,704.94                                -94,989,546.75
equivalents

     Add: Opening balance of cash and
                                                                  685,652,777.19                                581,390,386.39
cash equivalents

VI. Closing balance of cash and cash
                                                                  505,982,072.25                                486,400,839.64
equivalents


Legal representative: Pan Jie                                      Person-in-charge of the accounting work: Pan Jie


Chief of the accounting division: Yin Jianchun


II. Auditor’s report

Is this report audited?
□ Yes √ No

This report is not audited.




                                                                                                      The Board of Directors

                                                                                    Foshan Electrical and Lighting Co., Ltd.

                                                                                                             27 October 2015


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