粵照明B:2017年第一季度報告全文(英文版)
FOSHANELECTRICALANDLIGHTINGCO.,LTD.
FIRSTQUARTERREPORT2017
April2017
SectionIImportantStatements
Theboardofdirectors(the“Board”),thesupervisoryboard(the“SupervisoryBoard”),as
well as the directors, supervisors and senior executive officers of Foshan Electrical and
Lighting Co., Ltd. (the “Company”) hereby guarantee the factuality, accuracy and
completenessofthecontentsofthisReport,andshallbejointlyandseverallyliableforany
falserepresentation,misleadingstatementsormaterialomissionsinthisReport.
AlldirectorsattendedtheboardmeetingforthereviewofthisReport.
HeYong,headoftheCompany,LiuXingming,accountingheadforthisReport,andTang
Qionglan,headoftheaccountingdepartment(headofaccounting),herebyguaranteethatthe
financialstatementscarriedinthisReportarefactual,accurateandcomplete.
SectionIIKeyFinancialResultsandShareholders’Profile
IKeyfinancialresults
IndicatebytickmarkwhethertheCompanyretroactivelyrestatedanyofitsaccountingdataduetochangesof
accountingpoliciesorcorrectionofaccountingerrors.
□Yes√No
January-March2017 January-March2016 +/-%
Operatingrevenues(RMB) 1,093,649,938.81 904,310,757.83 20.94%
Net profit attributable to 119,874,574.94 107,776,865.30 11.22%
shareholdersoftheCompany(RMB)
Net profit attributable to
shareholdersoftheCompanybefore 119,491,016.83 107,348,727.74 11.31%
exceptionalprofitandloss(RMB)
Net cash flows from operating -50,923,130.47 186,104,091.50 -127.36%
activities(RMB)
Basicearningspershare 0.0942 0.0847 11.22%
(RMB/share)Dilutedearningspershare 0.0942 0.0847 11.22%(RMB/share)Weightedaveragereturnonequity 2.36% 2.12% 0.24%(%) March31,2017 December31,2016 +/-%Totalassets(RMB) 6,239,727,776.53 6,100,169,400.30 2.29%Net assets attributable to 5,188,960,827.09 4,990,466,577.12 3.98%shareholdersoftheCompany(RMB)Exceptionalprofit/loss√Applicable□Notapplicable Unit:RMB Item January-March2017 NoteProfit/lossondisposalofnon-currentassets(including -749,629.80offsetassetimpairmentprovisions)Governmentsubsidieschargedtotheprofit/lossforthisReporting Period (except for the government grantsclosely relatedto the businessofthe Company and 546,259.98givenatafixedquotaoramountinaccordancewiththeState’suniformstandards)Non-operatingincomeandexpenseotherthantheabove 639,662.92
Less:Corporateincometax 53,451.07
Minorityinterests(aftertax) -716.08
Total 383,558.11 --
ExplanationofwhytheCompanyclassifiedanitemasexceptionalprofit/lossaccordingtothedefinitioninthe
ExplanatoryAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothe
Public―ExceptionalProfitandLoss,orreclassifiedanyexceptionalprofit/lossitemgivenasanexampleinthe
saidexplanatoryannouncementtorecurrentprofit/loss
□Applicable√Notapplicable
NosuchcasesinthisReportingPeriod.
IITotalnumberofshareholdersattheperiod-endandtheirshareholdings
1.Numbersofcommonshareholdersandpreferenceshareholderswithresumedvotingrights,aswellas
shareholdingsoftoptenshareholders
Unit:share
Total number of preference
Total number of common shareholders with resumed
90,510 0
shareholdersattheperiod-end votingrightsattheperiod-end
(ifany)
Toptenshareholders
Numberof Pledgedorfrozenshares
Nameof Natureof Shareholding Totalsharesheld
restrictedshares
shareholder shareholder percentage(%) attheperiod-end Status Number
held
HongKongWah
Shing HoldingForeign
13.47% 171,360,391 Pledged 83,966,592
Company corporation
LimitedProsperityLampsForeign& Components 10.50% 133,577,143corporationLimitedShenzhen RisingInvestment State-owned 5.12% 65,178,305Development corporationCo.,Ltd.GuangdongElectronicsState-ownedInformation 4.74% 60,357,728 Pledged 29,575,287corporationIndustry GroupLtd.Central Huijin
Asset State-owned
2.42% 30,799,000
ManagementCo.,corporation
Ltd.YunanInternationalTrustCo., Other 1.91% 24,308,990Ltd.-HeshunNo.6AssembledFundsTrustPlanEssenceInternational Foreign 1.91% 24,266,429Securities (HongcorporationKong)Co.,Ltd.DBSVickersForeign(HongKong)Ltd 1.86% 23,645,755corporationA/CClientsHong KongRisingForeignInvestment 1.82% 23,165,684corporationDevelopmentCo.,Ltd.ForeignZhuangJianyi 0.85% 10,821,372 8,116,029individual Toptennon-restrictedshareholders Typeofshares Nameofshareholder Numberofnon-restrictedsharesheldattheperiod-end Type NumberHong Kong Wah Shing Holding RMB common 171,360,391 171,360,391CompanyLimited shareProsperity Lamps& Components RMB common 133,577,143 133,577,143Limited shareShenzhen Rising Investment RMB common 65,178,305 65,178,305DevelopmentCo.,Ltd. shareGuangdongElectronicsInformation RMB common 60,357,728 60,357,728IndustryGroupLtd. shareCentral Huijin Asset Management RMB common 30,799,000 30,799,000Co.,Ltd. shareYunanInternationalTrustCo., RMB common 24,308,990 24,308,990Ltd.-HeshunNo.6AssembledFunds shareTrustPlan
Domestically
Essence International Securities
24,266,429listed foreign 24,266,429
(HongKong)Co.,Ltd.
share
Domestically
DBSVickers(HongKong)LtdA/C
23,645,755listed foreign 23,645,755
Clientsshare
Domestically
Hong Kong Rising Investment
23,165,684listed foreign 23,165,684
DevelopmentCo.,Ltd.
share
ChinaMerchantsSecurities(HK) Domestically
10,589,256listed foreign 10,589,256
Co.,Limited share
Amongthe top10shareholders,Hong KongWah Shing Holding CompanyLimited,
ShenzhenRisingInvestmentDevelopmentCo.,Ltd.,GuangdongElectronicsInformation
Industry Group Ltd.and Hong Kong Rising Investment DevelopmentCo., Ltd. are
Relatedoracting-in-concertparties
acting-in-concertparties;andProsperityLamps&ComponentsLimitedandZhuangJianyi
amongtheshareholdersabove
areacting-in-concertparties.Apartfromthat,itisunknownwhetherthereisamongthetop
10shareholdersanyotherrelated partiesoracting-in-concertpartiesasdefinedinthe
AdministrativeMeasuresfortheAcquisitionofListedCompanies.
Top ten common shareholders
conductingsecuritiesmargintradingN/A
(ifany)
Indicatebytickmarkwhetheranyofthetoptencommonshareholdersorthetoptennon-restrictedcommon
shareholdersoftheCompanyconductedanypromissoryrepoduringthisReportingPeriod.
□Yea√No
NosuchcasesinthisReportingPeriod.
2.Totalnumberofpreferenceshareholdersandshareholdingsofthetoptenofthem
□Applicable√Notapplicable
SectionIIISignificantEvents
IChangesinthekeyfinancialresultsofthisReportingPeriod,aswellasthereasonsforsuch
changes√Applicable□Notapplicable Unit:RMB March31, December31,2016/ Statementitem 2017/January-March +/-% Reasonforchange January-March20162017
Accountsreceivable 811,126,367.75 595,257,954.00 36.26% Increasedoperatingrevenues
6,726,391.09 4,612,406.80 45.83% Increasedincomereceivablefromundue
Interestreceivable bank’swealthmanagementproducts
Other accounts 16,077,582.68 11,977,660.58 34.23%
Increaseinperformancebondspaid
receivable Year-endbonusesforlastyearwerepaidPayrollpayable 66,821,140.57 96,021,156.06 -30.41% intheCurrentPeriod In the fourth quarterof last year,the income from the sale of GuoxuanTaxesandfarespayable 34,756,373.76 138,282,644.72 -74.87% High-techsharesresultedinanincreasein thecorporateincometaxpayable,which waspaidintheCurrentPeriodDividendspayable 0.00 6,287,923.09 -100.00% Payoutofdividendsbysubsidiaries Thechargesforvehicleandvesseluseand so onwere included in thetaxes andTaxesandsurtaxes 9,755,058.67 4,841,999.66 101.47% surtaxesfromMay 1,2016as perthe accounting and taxation regulatory document[2016]No.22 Increase intransportation expenses andSellingexpenses 38,400,329.73 27,744,850.71 38.41% othersellingexpensesduetoincreasedsales
Financecost -5,743,864.20 -3,553,912.01 -61.62% Increasedinterestincome
Assetimpairmentloss 22,650,361.26 11,137,926.24 103.36% Inventoryfallingpriceprovisions
Increased income from bank’s wealth
Investmentincome 2,646,308.80 -106,841.26 2576.86%
management
Minorityshareholders’
1,930,823.27 -378,242.41 610.47% Earningsofnewsubsidiaries
incomeOthercomprehensive Increasedfairvalueofavailable-for-sale 78,619,675.02 -30,685,157.22 356.21%incomenetoftax financialassetsTotalcomprehensive Increased net profit and fair value of 200,425,073.23 76,713,465.67 161.26%income available-for-salefinancialassetsTotalcomprehensive Increasedtotalcomprehensiveincomeincomeattributableto 198,494,249.96 77,091,708.08 157.48%ownersoftheCompany Considerable increase in materialNetcashflowsfrom -50,923,130.47 186,104,091.50 -127.36% procurementandcorporateincometaxdueoperatingactivities tobusinessgrowth The Companyhasceaseditssecurities investment since April 2016 andNetcashflowsfrom -29,321,560.03 -124,290,416.89 76.41% recoveredtheamountinvestedinbank’sinvestingactivities wealth management products in the CurrentPeriodNetcashflowsfrom -5,660,290.78 0.00 / Payoutofdividendsbysubsidiariesfinancingactivities IIProgressofsignificanteventsandtheirinfluenceandsolutions√Applicable□Notapplicable Summaryofsignificantevent Disclosuredate Disclosurewebsite On January 19, 2017, the Proposal on Transfer of Equity Interests of Qinghai 01/20/2017 www.cninfo.com.cn FozhaoLithiumEnergyExploitationCo.,Ltd.was considered and approved at the 12th
meetingofthe8thBoard.Assuch,theBoard
has agreed to transfer its 38% stake in
Qinghai Fozhao to a potential buyer for
RMB189.8176 million. The success of the
saidtransactionstilldependsonthepotential
buyer’s execution results of its
decision-making and approval procedure.
Therefore,it isveryuncertainwhetherthis
transactioncanbesuccessfullyconcludedor
not.IIIOverduecommitmentsoftheCompany’sactualcontroller,shareholders,relatedpartiesandacquirer,aswellastheCompanyandothercommitmentmakersinthisReportingPeriodorongoingattheperiod-end□Applicable√NotapplicableNosuchcasesinthisReportingPeriod.IVOperatingresultforecastforJanuary-June2017WarningofaforecastdeficitorconsiderableYoYchangeintheaccumulativenetprofitmadeduringtheperiodfromthebeginningoftheyeartotheendofthenextreportingperiod,aswellasexplanationofwhy:□Applicable√NotapplicableVSecuritiesinvestments□Applicable√NotapplicableNosuchcasesintheReportingPeriod.VIInvestmentsinderivativefinancialinstruments□Applicable√NotapplicableNosuchcasesintheReportingPeriod.VII Visits paid to the Company in the Reporting Period for purposes of research,communication,interview,etc.√Applicable□Notapplicable Dateofvisit Wayofvisit Typeofvisitor Maininquiryinformation02/16/2017 One-on-onemeeting Institution SeeEasyIR-InvestorRelationsonwww.cninfo.com.cn
VIIIIllegalprovisionofguaranteesforexternalparties
□Applicable√Notapplicable
NosuchcasesintheReportingPeriod.
IXOccupationoftheCompany’sfundsbythecontrollingshareholderoritsrelatedparties
fornon-operatingpurposes
□Applicable√Notapplicable
NosuchcasesintheReportingPeriod.
SectionIVFinancialStatements
IFinancialstatements
1.Consolidatedbalancesheet
PreparedbyFoshanElectricalandLightingCo.,Ltd.
March31,2017
Unit:RMB
Item Closingbalance Openingbalance
Currentassets:
Monetaryfunds 1,393,827,082.88 1,479,283,642.54
Settlementreserve
Interbanklendings
Financialassetsatfairvaluethrough
profit/loss Derivativefinancialassets Notesreceivable 48,473,852.00 67,925,843.74 Accountsreceivable 811,126,367.75 595,257,954.00 Accountspaidinadvance 35,777,618.94 30,292,007.11 Premiumsreceivable Reinsurancepremiumsreceivable Receivable reinsurance contractreserve Interestreceivable 6,726,391.09 4,612,406.80 Dividendsreceivable Otheraccountsreceivable 16,077,582.68 11,977,660.58 Financial assets purchased underagreementstoresell Inventories 676,437,700.82 753,681,605.19 Assetsheldforsale Non-current assetsdue within oneyear Othercurrentassets 432,782,210.54 441,205,461.72Totalcurrentassets 3,421,228,806.70 3,384,236,581.68Non-currentassets: Loansandadvancestocustomers
Available-for-salefinancialassets 1,824,394,592.21 1,732,150,857.01
Held-to-maturityinvestments
Long-termaccountsreceivable
Long-termequityinvestments 208,317,481.49 210,394,932.69
Investmentproperty
Fixedassets 446,158,295.04 446,006,929.66
Constructioninprogress 88,525,487.88 71,479,325.91
Engineeringmaterials
Disposaloffixedassets
Productivelivingassets
Oil-gasassets
Intangibleassets 159,251,490.70 160,330,395.13
R&Dexpenses
Goodwill Long-termdeferredexpenses 6,096,713.09 6,897,119.78 Deferredtaxassets 41,535,629.42 43,547,918.44 Othernon-currentassets 44,219,280.00 45,125,340.00Totalnon-currentassets 2,818,498,969.83 2,715,932,818.62Totalassets 6,239,727,776.53 6,100,169,400.30Currentliabilities: Short-termborrowings BorrowingsfromtheCentralBank Money deposits accepted andinter-bankdeposits Interbankborrowings Financial liabilities at fair valuethroughprofit/loss Derivativefinancialliabilities Notespayable Accountspayable 624,304,073.74 552,255,512.33 Accountsreceivedinadvance 45,363,524.40 41,180,818.13 Financialassetssoldforrepurchase Feesandcommissionspayable Payrollpayable 66,821,140.57 96,021,156.06 Taxespayable 34,756,373.76 138,282,644.72
Interestpayable
Dividendspayable 6,287,923.09
Otheraccountspayable 36,685,273.36 50,104,338.81
Reinsurancepremiumspayable
Insurancecontractreserve
Payables for acting trading of
securities Payablesforactingunderwritingofsecurities Liabilitiesheldforsale Non-currentliabilitiesduewithinoneyear OthercurrentliabilitiesTotalcurrentliabilities 807,930,385.83 884,132,393.14Non-currentliabilities: Long-termborrowings Bondspayable Ofwhich:Preferenceshares Perpetualbonds Long-termaccountspayable Long-termpayrollpayable SpecialpayablesProvisions Deferredincome 11,911,018.51 10,449,768.49 Deferredtaxliabilities 213,986,655.40 200,112,595.11 Othernon-currentliabilitiesTotalnon-currentliabilities 225,897,673.91 210,562,363.60Totalliabilities 1,033,828,059.74 1,094,694,756.74Owners’equity: Sharecapital 1,272,132,868.00 1,272,132,868.00 Otherequityinstruments Ofwhich:Preferenceshares Perpetualbonds Capitalreserve 285,821,459.07 285,821,459.07 Less:Treasuryshares
Othercomprehensiveincome 1,212,591,047.27 1,133,971,372.25
Specialreserve
Surplusreserve 733,924,951.81 733,924,951.81
Provisionsforgeneralrisks
Retainedearnings 1,684,490,500.94 1,564,615,925.99
Equity attributable to ownersof the
5,188,960,827.09 4,990,466,577.12
Company Minorityinterests 16,938,889.70 15,008,066.44Totalowners’equity 5,205,899,716.79 5,005,474,643.56Totalliabilitiesandowners’equity 6,239,727,776.53 6,100,169,400.30Legalrepresentative:HeYong AccountingheadforthisReport:LiuXingmingHeadoftheaccountingdepartment:TangQionglan2.BalancesheetoftheCompany Unit:RMB Item Closingbalance OpeningbalanceCurrentassets: Monetaryfunds 1,131,036,357.36 1,235,417,964.88 Financialassetsatfairvaluethroughprofit/loss Derivativefinancialassets Notesreceivable 46,492,698.33 66,222,840.44 Accountsreceivable 827,241,447.26 611,855,496.90 Accountspaidinadvance 99,148,172.32 117,217,953.23 Interestreceivable 5,576,877.20 3,590,629.01 Dividendsreceivable 14,671,820.57 Otheraccountsreceivable 73,969,687.47 56,714,849.84 Inventories 626,573,651.25 717,097,516.25 Assetsheldforsale Non-current assetsdue within oneyear Othercurrentassets 372,266,177.91 379,932,325.87Totalcurrentassets 3,182,305,069.10 3,202,721,396.99Non-currentassets: Available-for-salefinancialassets 1,824,394,592.21 1,732,150,857.01 Held-to-maturityinvestments
Long-termaccountsreceivable
Long-termequityinvestments 691,914,771.25 693,992,222.45
Investmentproperty
Fixedassets 371,222,819.47 375,075,102.44
Constructioninprogress 85,852,715.45 69,589,510.14
Engineeringmaterials
Disposaloffixedassets
Productivelivingassets
Oil-gasassets
Intangibleassets 115,826,159.16 117,017,633.92
R&Dexpenses
Goodwill Long-termdeferredexpenses 6,096,713.09 6,897,119.78 Deferredtaxassets 35,795,534.18 37,790,043.38 Othernon-currentassets 43,812,480.00 44,519,790.00Totalnon-currentassets 3,174,915,784.81 3,077,032,279.12Totalassets 6,357,220,853.91 6,279,753,676.11Currentliabilities: Short-termborrowings Financial liabilities at fair valuethroughprofit/loss Derivativefinancialliabilities Notespayable Accountspayable 762,976,559.10 701,814,818.26 Accountsreceivedinadvance 43,977,440.53 38,406,798.91 Payrollpayable 34,902,154.82 66,764,581.34 Taxespayable 23,848,519.90 121,939,572.62 Interestpayable Dividendspayable Otheraccountspayable 196,228,019.07 258,368,416.59 Liabilitiesheldforsale Non-currentliabilitiesduewithinoneyear OthercurrentliabilitiesTotalcurrentliabilities 1,061,932,693.42 1,187,294,187.72
Non-currentliabilities:
Long-termborrowings
Bondspayable
Ofwhich:Preferenceshares
Perpetualbonds
Long-termpayables
Long-termpayrollpayable
Specialpayables
Provisions Deferredincome 11,484,768.34 9,984,768.34 Deferredtaxliabilities 213,986,655.40 200,112,595.11 Othernon-currentliabilitiesTotalnon-currentliabilities 225,471,423.74 210,097,363.45Totalliabilities 1,287,404,117.16 1,397,391,551.17Owners’equity: Sharecapital 1,272,132,868.00 1,272,132,868.00 Otherequityinstruments Ofwhich:Preferenceshares Perpetualbonds Capitalreserve 293,425,065.15 293,425,065.15 Less:Treasuryshares Othercomprehensiveincome 1,212,591,047.27 1,133,971,372.25 Specialreserve Surplusreserve 733,924,951.81 733,924,951.81 Retainedearnings 1,557,742,804.52 1,448,907,867.73Totalowners’equity 5,069,816,736.75 4,882,362,124.94Totalliabilitiesandowners’equity 6,357,220,853.91 6,279,753,676.11Legalrepresentative:HeYong AccountingheadforthisReport:LiuXingmingHeadoftheaccountingdepartment:TangQionglan3.Consolidatedincomestatement Unit:RMB Item January-March2017 January-March20161.Operatingrevenues 1,093,649,938.81 904,310,757.83Including:Salesincome 1,093,649,938.81 904,310,757.83
Interestincome
Premiumincome
Feeandcommissionincome
2.Operatingcosts 951,661,802.26 776,257,794.04
Including:Costofsales 830,819,079.30 681,520,513.44
Interestexpenses
Feeandcommissionexpenses
Surrenders Netclaimspaid Netamountprovidedasinsurancecontractreserve Expenditureonpolicydividends Reinsurancepremium Taxesandsurtaxes 9,755,058.67 4,841,999.66 Sellingexpenses 38,400,329.73 27,744,850.71 Administrativeexpenses 55,780,837.50 54,566,416.00 Financecosts -5,743,864.20 -3,553,912.01 Assetimpairmentloss 22,650,361.26 11,137,926.24Add:Profitonfairvaluechanges(“-”meansloss) Investmentincome(“-”meansloss) 2,646,308.80 -106,841.26 Including: Share of profit/loss of2,939.30
associatesandjointventures
Exchangegains(“-”meansloss)
3.Operatingprofit(“-”meansloss) 144,634,445.35 127,946,122.53
Add:Non-operatingincome 1,445,858.46 1,187,884.46
Including:Profit ondisposalof
0.00 10,852.26
non-currentassets
Less:Non-operatingexpense 1,009,565.36 1,239,705.73
Including: Loss on disposal of
749,629.80 50,139.27
non-currentassets
4.Totalprofit(“-”meansloss) 145,070,738.45 127,894,301.26
Less:Corporateincometax 23,265,340.24 20,495,678.37
5.Netprofit(“-”meansloss) 121,805,398.21 107,398,622.89
Netprofitattributabletoownersof
119,874,574.94 107,776,865.30
theCompany
Minorityinterests’income 1,930,823.27 -378,242.41
6.Othercomprehensiveincomenetoftax 78,619,675.02 -30,685,157.22
Othercomprehensiveincomenetof
tax attributable to owners of the 78,619,675.02 -30,685,157.22
Company 6.1Othercomprehensiveincomethat will not be reclassified intoprofit/loss 6.1.1Changesinnetliabilitiesorassetswithadefinedbenefitplanuponre-measurement 6.1.2 Share of othercomprehensiveincomeofinvesteesthatcannot be reclassified into profit/lossundertheequitymethod 6.2Othercomprehensiveincometo be subsequently reclassified into 78,619,675.02 -30,685,157.22profit/loss 6.2.1 Share of othercomprehensiveincomeofinvesteesthatwillbereclassifiedintoprofit/lossundertheequitymethod 6.2.2Profit/lossonfairvaluechanges of available-for-sale financial 78,619,675.02 -30,685,157.22assets 6.2.3 Profit/loss onreclassifying held-to-maturityinvestments into available-for-salefinancialassets 6.2.4 Effective profit/loss oncashflowhedges 6.2.5 Currency translationdifferences 6.2.6Other Othercomprehensiveincomenetoftaxattributabletominorityinterests7.Totalcomprehensiveincome 200,425,073.23 76,713,465.67 Attributable to owners of the 198,494,249.96 77,091,708.08Company Attributabletominorityinterests 1,930,823.27 -378,242.418.Earningspershare 8.1Basicearningspershare 0.0942 0.0847 8.2Dilutedearningspershare 0.0942 0.0847
WherebusinessmergersunderthesamecontroloccurredinthisReportingPeriod,thenetprofitachievedbythemergedparties
beforethebusinessmergerswasRMB0.00,withthecorrespondingamountforthelastperiodbeingRMB0.00.
Legalrepresentative:HeYong AccountingheadforthisReport:LiuXingming
Headoftheaccountingdepartment:TangQionglan
4.IncomestatementoftheCompany
Unit:RMB
Item January-March2017 January-March2016
1.Operatingrevenues 1,065,186,916.21 916,228,477.71
Less:Operatingcosts 830,329,549.74 715,477,230.48
Taxesandsurtaxes 6,876,291.73 2,844,766.16
Sellingexpenses 35,427,725.59 27,528,676.46
Administrativeexpenses 49,721,540.15 44,685,990.61
Financecosts -4,394,600.15 -2,174,344.12
Assetimpairmentloss 21,943,712.75 11,178,161.37
Add:profitonfairvaluechanges(“-”
meansloss)
Investment income (“-” means
2,202,183.81 -106,841.26
loss) Including:Shareofprofit/lossof2,939.30
associatesandjointventures
2.Operatingprofit(“-”meansloss) 127,484,880.21 116,581,155.49
Add:Non-operatingincome 1,262,962.66 1,041,340.99
Including: Profit on disposalof
0.00
non-currentassets
Less:Non-operatingexpense 706,740.75 71,261.90
Including: Loss on disposal of
448,822.74 32,003.23
non-currentassets
3.Totalprofit(“-”meansloss) 128,041,102.12 117,551,234.58
Less:Corporateincometax 19,206,165.33 17,626,085.93
4.Netprofit(“-”meansloss) 108,834,936.79 99,925,148.65
5.Othercomprehensiveincomenetof
78,619,675.02 -30,685,157.22
tax 5.1Othercomprehensiveincomethatwillnotbereclassifiedintoprofitandloss 5.1.1Changesinnetliabilitiesorassetswithadefinedbenefitplanupon
re-measurement 5.1.2 Share of othercomprehensiveincomeofinvesteesthatcannot bereclassified intoprofit/lossundertheequitymethod 5.2Othercomprehensiveincometobe subsequently reclassified into 78,619,675.02 -30,685,157.22profit/loss 5.2.1 Share of othercomprehensiveincomeofinvesteesthatwill be reclassified into profit/lossundertheequitymethod 5.2.2 Profit/loss on fair valuechangesofavailable-for-salefinancial 78,619,675.02 -30,685,157.22assets 5.2.3 Profit/loss on reclassifyingheld-to-maturity investments intoavailable-for-salefinancialassets 5.2.4Effectiveprofit/lossoncashflowhedges 5.2.5 Currency translationdifferences 5.2.6Other6.Totalcomprehensiveincome 187,454,611.81 69,239,991.437.Earningspershare 7.1Basicearningspershare 7.2DilutedearningspershareLegalrepresentative:HeYong AccountingheadforthisReport:LiuXingmingHeadoftheaccountingdepartment:TangQionglan5.Consolidatedcashflowstatement Unit:RMB Item January-March2017 January-March20161.Cashflowsfromoperatingactivities: Cash received from sale of 891,447,570.02 751,648,546.04commoditiesandrenderingofservice Netincreaseinmoneydepositsfromcustomersandinterbankplacements Net increase in loans from theCentralBank Netincreaseinfundsborrowedfrom
otherfinancialinstitutions
Cash received from premium of
originalinsurancecontracts
Netcashreceivedfromreinsurance
business Netincrease indepositsof policyholdersandinvestmentfund Netincreaseindisposaloffinancialassetsatfairvaluethroughprofit/loss Interest, fees and commissionsreceived Netincreaseininterbankborrowings Netincreaseinfundsinrepurchasebusiness Taxrefundsreceived 24,106,127.07 34,432,771.16 Cashreceivedfromotheroperating 5,770,626.16 10,956,963.96activitiesSubtotalofcashinflowsfromoperating 921,324,323.25 797,038,281.16activities Cashpaidforgoodsandservices 552,182,800.34 388,307,756.52 Netincreaseinloansandadvancestocustomers Netincreaseinfundsdepositedinthe Central Bank and interbankplacements Cash paid for claims of originalinsurancecontracts Interest,feesandcommissionspaid Cashpaidaspolicydividends Cashpaidtoandforemployees 198,007,961.77 142,895,599.81 Taxespaid 165,193,093.74 34,192,711.05 Cash paid for other operating 56,863,597.87 45,538,122.28activitiesSubtotal of cash outflows due to 972,247,453.72 610,934,189.66operatingactivitiesNet cash flows from operating -50,923,130.47 186,104,091.50activities2.Cashflowsfrominvestingactivities: Cash received from retraction of 4,580,255.71 7,005.00investments Cashreceivedasinvestmentincome 5,202,481.38 341,953.73
Netcashreceivedfromdisposalof
fixedassets,intangibleassetsandother 54,000.00
long-termassets
Netcashreceivedfromdisposalof
subsidiariesorotherbusinessunits
Cash received from other
investingactivities
Subtotalofcashinflowsfrominvesting
9,782,737.09 402,958.73
activities Cashpaidtoacquirefixed assets,intangibleassetsandotherlong-term 39,104,297.12 14,704,385.62assets Cashpaidforinvestment 109,988,990.00 Netincreaseinpledgedloans Netcashpaidtoacquiresubsidiariesandotherbusinessunits Cash paid for other investingactivitiesSubtotal of cash outflows due to 39,104,297.12 124,693,375.62investingactivitiesNetcashflowsfrominvestingactivities -29,321,560.03 -124,290,416.893.Cashflowsfromfinancingactivities: Cash received from capitalcontributions Including: Cash received fromminority shareholder investments bysubsidiaries Cashreceivedasborrowings Cash received from issuance ofbonds CashreceivedfromotherfinancingactivitiesSubtotalofcashinflowsfromfinancingactivities Repaymentofborrowings Cashpaidforinterestexpensesand5,660,290.78
distributionofdividendsorprofit
Including:dividendsorprofitpaid
bysubsidiariestominorityinterests
Cash paid for other financing
activitiesSub-total of cash outflows due to
5,660,290.78
financingactivities
Net cash flows from financing
-5,660,290.78
activities4. Effect of foreign exchange rate 448,421.62 2,339,324.91changesoncashandcashequivalents5. Net increase in cash and cash -85,456,559.66 64,152,999.52equivalents Add:Openingbalanceofcashand 1,479,283,642.54 935,241,205.20cashequivalents6.Closingbalance ofcashandcash 1,393,827,082.88 999,394,204.72equivalentsLegalrepresentative:HeYong AccountingheadforthisReport:LiuXingmingHeadoftheaccountingdepartment:TangQionglan6.CashflowstatementoftheCompany Unit:RMB Item January-March2017 January-March20161.Cashflowsfromoperatingactivities: Cash received from sale of 862,744,439.39 746,819,116.75commoditiesandrenderingofservice Taxrefundsreceived 24,106,127.07 34,432,771.16 Cashreceivedfromotheroperating 3,825,641.43 8,309,282.13activitiesSubtotalofcashinflowsfromoperating 890,676,207.89 789,561,170.04activities Cashpaidforgoodsandservices 699,760,627.60 492,802,614.83 Cashpaidtoandforemployees 103,479,544.66 70,076,334.33 Taxespaid 132,294,837.84 9,335,332.53 Cash paid for other operating 50,830,424.51 43,078,475.07activitiesSubtotal of cash outflows due to 986,365,434.61 615,292,756.76operatingactivitiesNet cash flows from operating -95,689,226.72 174,268,413.28activities2.Cashflowsfrominvestingactivities: Cash received from retraction of 4,580,255.71 7,005.00investments Cashreceivedasinvestmentincome 19,424,371.39 341,953.73 Netcashreceivedfromdisposaloffixedassets,intangibleassetsandotherlong-termassets
Netcashreceivedfromdisposalof
subsidiariesorotherbusinessunits
Cashreceivedfromotherinvesting
activitiesSubtotalofcashinflowsfrominvesting 24,004,627.10 348,958.73activities Cashpaidtoacquirefixed assets,intangibleassetsandotherlong-term 33,145,429.52 14,236,431.87assets Cashpaidforinvestment 109,988,990.00 Netcashpaidtoacquiresubsidiariesandotherbusinessunits Cash paid for other investingactivitiesSubtotal of cash outflows due to 33,145,429.52 124,225,421.87investingactivitiesNetcashflowsfrominvestingactivities -9,140,802.42 -123,876,463.143.Cashflowsfromfinancingactivities: Cash received from capitalcontributions Cashreceivedasborrowings Cash received from issuance ofbonds CashreceivedfromotherfinancingactivitiesSubtotalofcashinflowsfromfinancingactivities Repaymentofborrowings Cashpaidforinterestexpensesanddistributionofdividendsorprofit Cash paid for other financingactivitiesSub-total of cash outflows due tofinancingactivitiesNet cash flows from financingactivities4. Effect of foreign exchange rate 448,421.62 2,339,324.46changesoncashandcashequivalents5. Net increase in cash and cash -104,381,607.52 52,731,274.60equivalents Add:Openingbalanceofcashand 1,235,417,964.88 633,291,177.30cashequivalents
6.Closingbalance ofcashandcash
1,131,036,357.36 686,022,451.90
equivalentsLegalrepresentative:HeYong AccountingheadforthisReport:LiuXingmingHeadoftheaccountingdepartment:TangQionglanIIAuditor’sreportIsthisReportaudited□Yes√NoThisReportisnotaudited. TheBoardofDirectors FoshanElectricalandLightingCo.,Ltd. April26,2017
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