The Report for the First Quarter of2016—Foshan Electrical and Lighting Co., Ltd. Foshan Electrical and Lighting Co., Ltd.
The Report for the First Quarter of 2016
April 2016
The Report for the First Quarter of2016—Foshan Electrical and Lighting Co., Ltd. Section I Important Statements
The Board of Directors, Supervisory Committee, directors, supervisors and senior management of Foshan Electrical and Lighting Co., Ltd. (hereinafter referred to as the “Company”) hereby guarantee that the information presented in this Report is factual, accurate and complete, and shall be jointly and severally liable for any false information, misleading statements or material omissions carried in this Report.
All directors attended the board meeting for the review of this Report.
He Yong, company principal, Liu Xingming, chief of the accounting work, and Tang Qionglan, chief of the accounting organ (chief of accounting), hereby confirm that the financial report carried in this Report is factual, accurate and complete.
The Report for the First Quarter of2016—Foshan Electrical and Lighting Co., Ltd. Section II Financial Results and Changes in Shareholders
I Financial results
Whether the Company performed any retroactive adjustments to or restatement of its accounting data due to changes of accounting policies or correction of accounting errors
□ Yes√ No
|||||
|-|-|-|-|
||January-March 2016|January-March 2015|+/-%|
|Operating revenues (RMB)|904,310,757.83|767,330,509.62|17.85%|
|Net profit attributable to shareholders of|107,776,865.30|99,482,670.12||
||||8.34%|
|the Company (RMB)||||
|Net profit attributable to shareholders of||||
||107,348,727.74|81,758,984.51|31.30%|
|the Company after exceptional profit and||||
|loss (RMB)||||
|Net operating cash flow (RMB)|186,104,091.50|67,138,040.36|177.20%|
|Basic earnings per share (RMB/share)|0.0847|0.0782|8.31%|
|Diluted earnings per share (RMB/share)|0.0847|0.0782|8.31%|
|Weighted average return on equity (%)|2.12%|3.22%|-1.10%|
||31 March 2016|31 December 2015|+/-%|
|Total assets (RMB)|6,150,115,955.69|6,048,296,432.78|1.68%|
|Net assets attributable to shareholders of|5,100,644,216.45|5,023,546,888.12||
||||1.53%|
|the Company (RMB)||||

Exceptional profit and loss
√ Applicable□ Not applicable
Unit: RMB
||||
|-|-|-|
|Item|January-March 2016|Note|
|Profit/loss on disposal of non-current assets (including offset|||
||-39,287.01||
|amount of asset impairment provisions)|||
|Government grants charged to the profit/loss for the Reporting|||
|Period (except for the government grants closely related to the|||
||38,749.98||
|business of the Company and given at a fixed quota or amount in|||
|accordance with the State’s uniform standards)|||
|Profit/loss on fair value changes of transactional financial assets|||
|and liabilities & investment profit on disposal of transactional|||
|financial assets and liabilities as well as financial assets available|-149,181.90||
|for sale, except for effectively hedging business related to normal|||
|business operations of the Company|||
|Non-operating income and expense other than the above|-51,284.24||

The Report for the First Quarter of2016—Foshan Electrical and Lighting Co., Ltd.
||||
|-|-|-|
|Other profit/loss that meet the definition of exceptional profit/loss|292,340.63||
|Less: Corporate income tax|194,331.88||
|Minority interests (after tax)|-531,131.98||
|Total|428,137.56|--|

Explanation of why the Company classified an item as exceptional profit/loss according to the definition in the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to thePublic—Exceptional Profit and Loss, or reclassified any exceptional profit/loss item given as an example in the said explanatory announcement to recurrent profit/loss
□ Applicable√ Not applicable
No such cases in the Reporting Period.
II Total number of shareholders at the period-end and shareholdings of top ten shareholders 1. Numbers of common shareholders and preference shareholders with resumed voting rights as well as shareholdings of top ten shareholders
Unit: share
||||||||||
|-|-|-|-|-|-|-|-|-|
|||||Total number of preference|||||
|Total number of common||||shareholders with resumed|||||
|||84,303|||||0||
|shareholders at the period-end||||voting rights at the period-end|||||
|||||(if any)|||||
|Shareholdings of top ten shareholders|||||||||
||||||Number of|Pledged or frozen shares|||
|Name of|Nature of|Shareholding|Number of shares||||||
||||||restricted shares||||
|shareholder|shareholder|percentage (%)|held|||Status of shares||Number of shares|
||||||held||||
|Hong Kong WahShing HoldingCompanyLimited|Foreigncorporation|13.47%|171,360,391||||||
|Prosperity Lamps& ComponentsLimited|Foreigncorporation|10.50%|133,577,143||||||
|GuangdongElectronicsInformationIndustry GroupLtd.|State-ownedcorporation|4.74%|60,357,728||||||
|Shenzhen RisingInvestmentDevelopmentCo., Ltd.|State-ownedcorporation|3.11%|39,536,747||||||

The Report for the First Quarter of2016—Foshan Electrical and Lighting Co., Ltd.
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|-|-|-|-|-|-|
|Central HuijinAssetManagement Co.,Ltd.|State-ownedcorporation|2.42%|30,799,000|||
|Hong KongRisingInvestmentDevelopmentCo., Ltd.|Foreigncorporation|1.82%|23,165,684|||
|DBS Vickers(Hong Kong) LtdA/C Clients|Foreigncorporation|1.81%|22,976,647|||
|EssenceInternationalSecurities (HongKong) Co., Ltd.|Foreigncorporation|1.76%|22,412,157|||
|National SocialSecurity FundPortfolio 103|Domesticnon-state-ownedcorporation|1.40%|17,846,063|||
|New China LifeInsurance Co.,Ltd.-Conventional-CommonInsuranceProduct-018L-CT001-S|Domesticnon-state-ownedcorporation|0.86%|10,918,992|||
|Shareholdings of top ten non-restricted shareholders||||||
|||||Variety of shares||
|Name of shareholder||Number of non-restricted shares held||||
|||||Variety|Number|
|Hong Kong Wah Shing HoldingCompany Limited||171,360,391||RMB common||
||||||171,360,391|
|||||shares||
|Prosperity Lamps & ComponentsLimited||133,577,143||RMB common||
||||||133,577,143|
|||||shares||
|Guangdong Electronics InformationIndustry Group Ltd.||60,357,728||RMB common||
||||||60,357,728|
|||||shares||
|Shenzhen Rising InvestmentDevelopment Co., Ltd.||39,536,747||RMB common||
||||||39,536,747|
|||||shares||
|Central Huijin Asset ManagementCo., Ltd.||30,799,000||RMB common||
||||||30,799,000|
|||||shares||
|Hong Kong Rising Investment||23,165,684||Domestically|23,165,684|

The Report for the First Quarter of2016—Foshan Electrical and Lighting Co., Ltd.
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|-|-|-|-|
|Development Co., Ltd.||listed foreign||
|||shares||
|DBS Vickers (Hong Kong) Ltd A/CClients|22,976,647|Domestically||
|||listed foreign|22,976,647|
|||shares||
|Essence International Securities(Hong Kong) Co., Ltd.|22,412,157|Domestically||
|||listed foreign|22,412,157|
|||shares||
|National Social Security FundPortfolio 103|17,846,063|RMB common||
||||17,846,063|
|||shares||
|New China Life Insurance Co.,Ltd.-Conventional-CommonInsurance Product-018L-CT001-S|10,918,992|||
|||RMB common||
||||10,918,992|
|||shares||
||Among the top ten shareholders of the Company, Hong Kong Wah Shing Holding Company|||
||Limited, Guangdong Electronics Information Industry Group Ltd., Shenzhen Rising|||
|Related or acting-in-concert parties|Investment Development Co., Ltd. and Hong Kong Rising Investment Development Co., Ltd.|||
|among the above shareholders|are acting-in-concert parties. Apart from that, it is unknown whether there is among the top|||
||ten shareholders any other related parties or acting-in-concert parties as defined in the|||
||Administrative Measures for the Acquisition of Listed Companies.|||
|Top ten common shareholders||||
|conducting securities margin trading|N/A|||
|(if any)||||

Did any of the top ten common shareholders or the top ten non-restricted common shareholders of the Company conduct any promissory repo during the Reporting Period?
□ Yea√ No
No such cases in the Reporting Period.
2. Total number of preference shareholders and shareholdings of the top ten of them
□ Applicable√ Not applicable
The Report for the First Quarter of2016—Foshan Electrical and Lighting Co., Ltd. Section III Significant Events
I Changes in major accounting statement items and financial indicators for the Reporting Period, as well as reasons for such changes
√ Applicable□ Not applicable
Unit: RMB
||||||
|-|-|-|-|-|
|Statement item|31 March2016/January-March2016|31 December 2015/January-March2015|+/-%|Explanation of change|
|Financial assets measuredat fair value with fair valuechanges included in theprofit and loss for theReporting Period|79,988,990.00|51,600.00|154917.42%|Securities and national bonds werepurchased in the current period.|
|Accounts receivable|546,891,520.46|366,401,130.72|49.26%|Proceeds in the form of tradeacceptance decreased.|
|Interest receivable|4,331,924.89|3,022,646.23|43.32%|Accrued interest receivable frombanks increased.|
|Other accounts receivable|8,804,253.68|17,313,604.14|-49.15%|Export rebates were received in thecurrent period.|
|Construction in progress|42,353,046.49|32,488,518.68|30.36%|Construction projects in progressincreased.|
|Accounts received inadvance|33,219,035.99|71,531,790.37|-53.56%|Some transactions involvingaccounts received in advance in thesame period of last year had beensettled by the end of the currentperiod.|
|Taxes and fares payable|36,225,643.16|12,969,090.31|179.32%|The corporate income tax payableincreased.|
|Financial costs|-3,553,912.01|-6,645,447.07|46.52%|Exchange loss increased.|
|Asset impairment loss|11,137,926.24|3,865,036.47|188.17%|Bad debt of accounts receivable wasprovided for in the current periodincreased .|
|Profit on fair value changes|0.00|388,061.46|-100.00%|Short-term stock investments wereno longer held in the current period.|
|Investment profit|-106,841.26|17,245,640.35|-100.62%|The same period of last year sawprofit on the sale of some Everbright|

The Report for the First Quarter of2016—Foshan Electrical and Lighting Co., Ltd.
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|-|-|-|-|-|
|||||Bank shares, while there was no suchprofit in the current period.|
|Net operating cash flow|186,104,091.50|67,138,040.36|177.20%|The income from products sold andthe export rebates increased while theexpenditure on goods decreased.|
|Net investment cash flow|-124,290,416.89|-60,827,662.67|104.33%|Securities, national bonds and bankfinancial products were purchased inthe current period.|

II Progress of significant events and analysis& explanations on their influence and solutions√ Applicable□ Not applicable
In March 2013, CSRC Guangdong administered an administrative punishment on the illegal information disclosure of the Company. During the period from September 2013 to October 2015, a total of 2,755 plaintiffs separately sued the Company to the Guangzhou IntermediatePeople’s Court for false securities statements, demanding civil compensations of RMB384.1114 million and HKD1.328 million in total from the Company for its illegal information disclosure. From November 2014 to December 2015, the Guangzhou IntermediatePeople’s Court made judgments for the aforesaid cases, ruling the Company to compensate the 2,755 plaintiffs with a total of RMB182.7365 million and HKD7.3582 million and bear the legal fare of RMB3.2332 million. Currently, except for the 31 plaintiffs who are appealing (involving an amount of RMB1.3682 million), the judgments for all the other plaintiffs are final and effective. Up to 25 April 2016, the Company has made compensations of RMB 190.0466 nillion (legal fare inclusive) to 2713 plaintiffs (excluding 37 rejected plaintiffs). These cases of false securities statements had an influence of RMB61.4383 million on the total profits of the Company in 2014 and RMB131.8899 million on that in 2015. And it is expected that these cases will have no significant impact on the 2016 annual business results of the Company.
III Commitments of the Company, its shareholders, actual controller, acquirer, directors, supervisors, senior management or other related parties fulfilled in the Reporting Period or ongoing at the period-end
√ Applicable□ Not applicable
||||||||
|-|-|-|-|-|-|-|
|||||Date of|||
||Commitment|Type of|||Term of||
|Commitment|||Contents|commitment||Fulfillment|
||maker|commitment|||commitment||
|||||making|||
|Commitments made in|Controlling|About share|Electronics Group and its|||In|
|||||2015-12-04|12 months||
|acquisition documents or|shareholder|lock-up|acting-in-concert parties|||execution|

The Report for the First Quarter of2016—Foshan Electrical and Lighting Co., Ltd.
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|-|-|-|-|-|-|-|
|shareholding alteration|||Shenzhen Rising Investment||||
|documents|||and Hong Kong Rising||||
||||Investment have made a||||
||||commitment that within 12||||
||||months from the completion||||
||||of their acquisitions, they||||
||||shall not transfer or entrust||||
||||others to manage the shares||||
||||directly or indirectly held by||||
||||them in the Company, nor||||
||||shall they allow the||||
||||Company to repurchase||||
||||those shares, except for the||||
||||case where those shares may||||
||||be transferred for no||||
||||compensation due to any||||
||||business or asset integration||||
||||with their actual controller||||
||||or their actual controller’s||||
||||controlled subsidiaries.||||
||||Electronics Group and its||||
||||acting-in-concert parties||||
||||Shenzhen Rising Investment||||
||||and Hong Kong Rising||||
||||Investment have made a||||
||||commitment that the||||
||||business of Foshan||||
||||NationStar Optoelectronics||||
|||About|Co., Ltd. that is in||||
||Controlling|avoidance of|competition with the|||In|
|||||2015-12-04|24 months||
||shareholder|horizontal|business of the Company|||execution|
|||competition|takes up only a small part in||||
||||NationStar’s total business,||||
||||they shall gradually reduce||||
||||or eliminate the horizontal||||
||||competition as planned||||
||||through business integration||||
||||or other ways or||||
||||arrangements within the||||
||||coming 24 months.||||
||||Electronics Group and its||||
|||About|||||
||Controlling||acting-in-concert parties||Long-standi|In|
|||avoidance of||2015-12-04|||
||shareholder||Shenzhen Rising Investment||ng|execution|
|||horizontal|||||
||||and Hong Kong Rising||||

The Report for the First Quarter of2016—Foshan Electrical and Lighting Co., Ltd.
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|-|-|
|competition|Investment have made more|
||commitments as follows to|
||avoid horizontal|
||competition with the|
||Company: 1. They shall|
||conduct supervision and|
||restraint on the production|
||and operation activities of|
||themselves and their|
||relevant enterprises so that|
||besides the enterprise above|
||that is in horizontal|
||competition with the|
||Company for now, if the|
||products or business of them|
||or their relevant enterprises|
||become the same with or|
||similar to those of the|
||Company or its subsidiaries|
||in the future, they shall take|
||the following measures: (1)|
||If the Company thinks|
||necessary, they and their|
||relevant enterprises shall|
||reduce and wholly transfer|
||their relevant assets and|
||business; and (2) If the|
||Company thinks necessary,|
||it is given the priority to|
||acquire first, by proper|
||means, the relevant assets|
||and business of them and|
||their relevant enterprises. 2.|
||All the commitments made|
||by them to eliminate or|
||avoid horizontal|
||competition with the|
||Company are also|
||applicable to their directly|
||or indirectly controlled|
||subsidiaries. They are|
||obliged to urge and make|
||sure that other subsidiaries|
||execute what’s prescribed in|

The Report for the First Quarter of2016—Foshan Electrical and Lighting Co., Ltd.
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|-|-|-|-|-|-|
|||the relevant document and||||
|||faithfully honor all the||||
|||relevant commitments. 3. If||||
|||they or their directly or||||
|||indirectly controlled||||
|||subsidiaries break the||||
|||aforesaid commitments and||||
|||thus cause a loss for the||||
|||Company, they shall||||
|||compensate the Company||||
|||on a rational basis.||||
|||Electronics Group and its||||
|||acting-in-concert parties||||
|||Shenzhen Rising Investment||||
|||and Hong Kong Rising||||
|||Investment have made a||||
|||commitment that during||||
|||their direct or indirect||||
|||holding of the Company’s||||
|||shares, they shall 1. strictly||||
|||abide by the regulatory||||
|||documents of the CSRC and||||
|||the SZSE, the Company’s||||
|||Articles of Association, etc.||||
|||and not harm the interests of||||
|||the Company or other||||
||About reduction|||||
|||shareholders of the||||
|Controlling|and regulation|||Long-standi|In|
|||Company in their|2015-12-04|||
|shareholder|of related-party|||ng|execution|
|||production and operation||||
||transactions|||||
|||activities by taking||||
|||advantage of their position||||
|||as the controlling||||
|||shareholder and actual||||
|||controller; 2. make sure that||||
|||they or their other controlled||||
|||subsidiaries, branch offices,||||
|||jointly-run or associated||||
|||companies (the “Relevant||||
|||Enterprises” for short) will||||
|||try their best to avoid or||||
|||reduce related-party||||
|||transactions with the||||
|||Company or the Company’s||||
|||subsidiaries; 3. strictly||||

The Report for the First Quarter of2016—Foshan Electrical and Lighting Co., Ltd.
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|-|-|-|-|-|-|
|||follow the market principle||||
|||of justness, fairness and||||
|||equal value exchange for||||
|||necessary and unavoidable||||
|||related-party transactions||||
|||between them and their||||
|||Relevant Enterprises and the||||
|||Company, and withdraw||||
|||from voting when a||||
|||related-party transaction||||
|||with them or their Relevant||||
|||Enterprises is being voted||||
|||on at a general meeting or a||||
|||board meeting, and execute||||
|||the relevant approval||||
|||procedure and information||||
|||disclosure duties pursuant to||||
|||the applicable laws,||||
|||regulations and regulatory||||
|||documents. Where the||||
|||aforesaid commitments are||||
|||broken and a loss is thus||||
|||caused for the Company, its||||
|||subsidiaries or the||||
|||Company’s other||||
|||shareholders, they shall be||||
|||obliged to compensate.||||
|||In order to ensure the||||
|||independence of the||||
|||Company in business,||||
|||personnel, asset,||||
|||organization and finance,||||
|||Electronics Group and its||||
|||acting-in-concert parties||||
|||Shenzhen Rising Investment||||
|Controlling|About|||Long-standi|In|
|||and Hong Kong Rising|2015-12-04|||
|shareholder|independence|||ng|execution|
|||Investment have made the||||
|||following commitments: 1.||||
|||They will ensure the||||
|||independence of the||||
|||Company in business: (1)||||
|||They promise that the||||
|||Company will have the||||
|||assets, personnel,||||

The Report for the First Quarter of2016—Foshan Electrical and Lighting Co., Ltd.
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|-|
|qualifications and|
|capabilities for it to operate|
|independently as well as the|
|ability of independent,|
|sustainable operation in the|
|market. (2) They promise|
|not to intervene in the|
|Company’s business|
|activities other than the|
|execution of their rights as|
|the Company’s|
|shareholders. (3) They|
|promise that they and their|
|related parties will not be|
|engaged in business that is|
|substantially in competition|
|with the Company’s|
|business. And (4) They|
|promise that they and their|
|related parties will try their|
|best to reduce related-party|
|transactions between them|
|and the Company; for|
|necessary and unavoidable|
|related-party transactions,|
|they promise to operate|
|fairly following the|
|market-oriented principle|
|and at fair prices, and|
|execute the transaction|
|procedure and the duty of|
|information disclosure|
|pursuant to the applicable|
|laws, regulations and|
|regulatory documents. 2.|
|They will ensure the|
|independence of the|
|Company in personnel: (1)|
|They promise that the|
|Company’s GM, deputy|
|GMs, CFO, Company|
|Secretary and other senior|
|management personnel will|
|work only for and receive|

The Report for the First Quarter of2016—Foshan Electrical and Lighting Co., Ltd.
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|-|
|remuneration from the|
|Company, not holding any|
|positions in them or their|
|other controlled subsidiaries|
|other than director and|
|supervisor. (2) They|
|promise the Company’s|
|absolute independence from|
|their related parties in labor,|
|human resource and salary|
|management. And (3) They|
|promise to follow the legal|
|procedure in their|
|recommendation of|
|directors, supervisors and|
|senior management|
|personnel to the Company|
|and not to hire or dismiss|
|employees beyond the|
|Company’s Board of|
|Directors and General|
|Meeting. 3. They will|
|ensure the independence|
|and completeness of the|
|Company in asset: (1) They|
|promise that the Company|
|will have a production|
|system, a auxiliary|
|production system and|
|supporting facilities for its|
|operation; legally have the|
|ownership or use rights of|
|the land, plants, machines,|
|trademarks, patents and|
|non-patented technology in|
|relation to its production|
|and operation; and have|
|independent systems for the|
|procurement of raw|
|materials and the sale of its|
|products. (2) They promise|
|that the Company will have|
|independent and complete|
|assets all under the|

The Report for the First Quarter of2016—Foshan Electrical and Lighting Co., Ltd.
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|-|
|Company’s control and|
|independently owned and|
|operated by the Company.|
|And (3) They promise that|
|they and their other|
|controlled subsidiaries will|
|not illegally occupy the|
|Company’s funds and assets|
|in any way, or use the|
|Company’s assets to provide|
|guarantees for the debts of|
|themselves or their other|
|controlled subsidiaries with.|
|4. They will ensure the|
|independence of the|
|Company in organization:|
|(1) They promise that the|
|Company has a sound|
|corporate governance|
|structure as a joint-stock|
|company with an|
|independent and complete|
|organization structure. And|
|(2) They promise that the|
|operational and|
|management organs within|
|the Company will|
|independently execute their|
|functions according to laws,|
|regulations and the|
|Company’s Articles of|
|Association. And 5. They|
|will ensure the|
|independence of the|
|Company in finance: (1)|
|They promise that the|
|Company will have an|
|independent financial|
|department and financial|
|accounting system with|
|normative, independent|
|financial accounting rules.|
|(2) They promise that the|
|Company will have|

The Report for the First Quarter of2016—Foshan Electrical and Lighting Co., Ltd.
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|-|-|-|-|-|-|-|
||||independent bank accounts||||
||||and not share bank accounts||||
||||with its related parties. (3)||||
||||They promise that the||||
||||Company’s financial||||
||||personnel do not hold||||
||||concurrent positions in its||||
||||related parties. (4) They||||
||||promise that the Company||||
||||will independently pay its||||
||||tax according to law. And||||
||||(5) They promise that the||||
||||Company can make||||
||||financial decisions||||
||||independently and that they||||
||||will not illegally intervene||||
||||in the Company’s use of its||||
||||funds.||||
||||The profits distributed by||||
||||the Company in cash every||||
|Other commitments made||About cash|year shall not be less than||Long-standi|In|
||The Company|||2009-05-27|||
|to minority shareholders||dividends|30% of the distributable||ng|execution|
||||profits it has achieved in the||||
||||year.||||
|Executed on time|Yes||||||
|Specific reasons for|||||||
|failing to fulfill|||||||
||N/A||||||
|commitments on time and|||||||
|plans for next step|||||||

IV Operating result forecast for January-June 2016
Warning of possible loss or considerable YoY change of the accumulated net profit made during the period-beginning to the end of the next reporting period according to prediction, as well as explanations on the reasons:
□Applicable√ Not applicable
V Securities investments
√ Applicable□ Not applicable
Profit/loss
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
||||Initial|Opening|Opening|Closing|Closing|Closing|Profit/loss|||
|Variety of|Code of|Name of|||||||in the|Accounti|Source of|
||||investmen|numberof shares|sharehold|number|sharehold|book|Reporting|||
|securities|securities|securities|||ing|of shares|ing|value||ng title|securities|
||||t cost|held|percentag|held|percentag|(RMB)|Period|||
||||||||||(RMB)|||

The Report for the First Quarter of2016—Foshan Electrical and Lighting Co., Ltd.
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|-|-|-|-|-|-|-|-|-|-|-|-|
||||(RMB)||e||e|||||
|||||||||||Held-for-t||
||||||||||||Pledge-ty|
||||60,039,00|||||||rading||
|Other|205007|7 Days|||||||27,635.14||pe offer|
||||0.00|||||||financial||
||||||||||||repo|
|||||||||||asset||
|||||||||||Held-for-t||
||||||||||||Pledge-ty|
||||140,001,0|||||60,087,00||rading||
|Other|205008|14 Days|||||||78,169.47||pe offer|
||||00.00|||||0.00||financial||
||||||||||||repo|
|||||||||||asset||
|||||||||||Held-for-t||
||||||||||||Pledge-ty|
||||19,841,00|||||||rading||
|Other|205010|28 Days|||||||45,661.48||pe offer|
||||0.00|||||||financial||
||||||||||||repo|
|||||||||||asset||
|||||||||||Held-for-t|Reverse|
||||19,800,19|||||||rading|repo of|
|Bond|204001|GC001|||||||1,342.23|||
||||8.00|||||||financial|national|
|||||||||||asset|bond|
|||||||||||Held-for-t|Reverse|
||||79,803,19|||||||rading|repo of|
|Bond|204004|GC004|||||||26,965.79|||
||||2.00|||||||financial|national|
|||||||||||asset|bond|
|||||||||||Held-for-t|Reverse|
||||238,911,9||||||112,566.5|rading|repo of|
|Bond|204007|GC007||||||||||
||||45.00||||||2|financial|national|
|||||||||||asset|bond|
|||||||||||Held-for-t|Reverse|
||||19,901,99|||||19,901,99||rading|repo of|
|Bond|204014|GC014|||||||0.00|||
||||0.00|||||0.00||financial|national|
|||||||||||asset|bond|
||||||||||||Purchase|
|||||||||||Held-for-t||
||||||||||||d from|
|||||||||||rading||
|Stock|300456|Navior|7,005.00|500||0||0.00|5,018.10||the|
|||||||||||financial||
||||||||||||secondar|
|||||||||||asset||
||||||||||||y market|
||||578,305,3|||||79,988,99|297,358.7|||
|Total||||500|--|0|--|||--|--|
||||30.00|||||0.00|3|||
|Disclosure date of the||||||||||||
|announcement about the board’s||||||||||||
||||2014.01.23|||||||||
|consent for the securities||||||||||||
|investment||||||||||||
|Disclosure date of the||||||||||||

The Report for the First Quarter of2016—Foshan Electrical and Lighting Co., Ltd.
||
|-|
|announcement about the general|
|meeting’s consent for the|
|securities investment (if any)|

Note: The funds for the “pledge-type repos” and “reverse repos of national bonds” above 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 the “pledge-type repos” and “reverse repos of national bonds” above were their accumulative amounts which were repeatedly invested within the first quarter of 2016.
VI Investments in derivative financial instruments
□ Applicable√ Not applicable
No such cases in the Reporting Period.
VII Visits paid to the Company in the Reporting Period for purposes of research, communication, interview, etc.
√ Applicable□ Not applicable
|||||
|-|-|-|-|
|Date of visit|Way of visit|Type of visitor|Index to main inquiry information|
||||Investor Relations-EasyIR-|
|2016.01.28|One-on-one meeting|Institution||
||||www.cninfo.com.cn|
||||Investor Relations-EasyIR-|
|2016.03.29|One-on-one meeting|Institution||
||||www.cninfo.com.cn|

VIII Illegal provision of guarantees for external parties
□ Applicable√ Not applicable
No such cases in the Reporting Period.
IX Occupation of theCompany’s funds by the controlling shareholder or its related parties for non-operating purposes
□ Applicable√ Not applicable
No such cases in the Reporting Period.
The Report for the First Quarter of2016—Foshan Electrical and Lighting Co., Ltd. Section IV Financial Statements
I Financial statements
1. Consolidated balance sheet
Prepared by Foshan Electrical and Lighting Co., Ltd.
31 March 2016
Unit: RMB
||||
|-|-|-|
|Item|Closing balance|Opening balance|
|Current assets:|||
|Monetary funds|1,001,089,301.55|935,241,205.20|
|Settlement reserves|||
|Lendings to banks and other financial|||
|institutions|||
|Financial assets measured at fair|||
|value with fair value changes included|||
||79,988,990.00|51,600.00|
|in the profit and loss for the Reporting|||
|Period|||
|Derivative financial assets|||
|Notes receivable|145,075,721.25|202,669,316.48|
|Accounts receivable|546,891,520.46|366,401,130.72|
|Accounts paid in advance|7,103,575.40|6,858,950.41|
|Premiums receivable|||
|Reinsurance premiums receivable|||
|Receivable reinsurance contract|||
|reserves|||
|Interest receivable|4,331,924.89|3,022,646.23|
|Dividends receivable|||
|Other accounts receivable|8,804,253.68|17,313,604.14|
|Financial assets purchased under|||
|agreement to resell|||
|Inventories|450,604,174.83|559,651,928.21|
|Assets held for sale|||
|Non-current assets due within one|||
|year|||
|Other current assets|85,290,553.33|91,060,842.89|

The Report for the First Quarter of2016—Foshan Electrical and Lighting Co., Ltd.
||||
|-|-|-|
|Total current assets|2,329,180,015.39|2,182,271,224.28|
|Non-current assets:|||
|Loans and advances to customers|||
|Available-for-sale financial assets|3,056,065,977.39|3,092,416,162.34|
|Held-to-maturity investments|||
|Long-term accounts receivable|||
|Long-term equity investments|382,637.52|382,637.52|
|Investment property|||
|Fixed assets|471,401,898.01|484,436,218.17|
|Construction in progress|42,353,046.49|32,488,518.68|
|Engineering materials|||
|Disposal of fixed assets|||
|Productive living assets|||
|Oil-gas assets|||
|Intangible assets|162,836,833.88|163,887,313.63|
|R&D expense|||
|Goodwill|||
|Long-term deferred expenses|355,622.18|406,425.35|
|Deferred income tax assets|40,705,125.39|42,744,728.66|
|Other non-current assets|46,834,799.44|49,263,204.15|
|Total non-current assets|3,820,935,940.30|3,866,025,208.50|
|Total assets|6,150,115,955.69|6,048,296,432.78|
|Current liabilities:|||
|Short-term borrowings|||
|Borrowings from the Central Bank|||
|Money deposits accepted and|||
|inter-bank deposits|||
|Loans from banks and other financial|||
|institutions|||
|Financial liabilities measured at fair|||
|value with fair value changes included|||
|in the profit and loss for the Reporting|||
|Period|||
|Derivative financial liabilities|||
|Notes payable|||
|Accounts payable|469,393,951.32|396,263,382.12|

The Report for the First Quarter of2016—Foshan Electrical and Lighting Co., Ltd.
||||
|-|-|-|
|Accounts received in advance|33,219,035.99|71,531,790.37|
|Financial assets sold for repurchase|||
|Handling charges and commissions|||
|payable|||
|Payroll payable|51,737,524.57|72,004,987.32|
|Taxes and fares payable|36,225,643.16|12,969,090.31|
|Interest payable|||
|Dividends payable|||
|Other accounts payable|29,284,500.26|36,530,501.22|
|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 one|||
|year|||
|Other current liabilities|||
|Total current liabilities|619,860,655.30|589,299,751.34|
|Non-current liabilities:|||
|Long-term borrowings|||
|Bonds payable|||
|Of which: Preference shares|||
|Perpetual bonds|||
|Long-term accounts payable|||
|Long-term payroll payable|||
|Special payables|||
|Estimated liabilities|||
|Deferred income|10,683,525.04|10,722,275.02|
|Deferred income tax liabilities|385,112,470.38|390,534,187.37|
|Other non-current liabilities|||
|Total non-current liabilities|395,795,995.42|401,256,462.39|
|Total liabilities|1,015,656,650.72|990,556,213.73|
|Owners’ equity:|||
|Share capital|1,272,132,868.00|1,272,132,868.00|

The Report for the First Quarter of2016—Foshan Electrical and Lighting Co., Ltd.
||||
|-|-|-|
|Other equity instruments|||
|Of which: Preference shares|||
|Perpetual bonds|||
|Capital reserves|296,329,995.83|296,324,375.58|
|Less: Treasury stock|||
|Other composite income|2,182,303,998.80|2,212,989,156.02|
|Special reserves|||
|Surplus reserves|628,439,107.12|628,439,107.12|
|Provisions for general risks|||
|Retained profit|721,438,246.70|613,661,381.40|
|Total equity attributable to owners of|||
||5,100,644,216.45|5,023,546,888.12|
|the Company|||
|Minority interests|33,815,088.52|34,193,330.93|
|Total owners’ equity|5,134,459,304.97|5,057,740,219.05|
|Total liabilities and owners’ equity|6,150,115,955.69|6,048,296,432.78|

 Legal representative: He Yong Chief of the accounting work: Liu Xingming Chief of the accounting organ: Tang Qionglan
2. Balance sheet of the Company
Unit: RMB
||||
|-|-|-|
|Item|Closing balance|Opening balance|
|Current Assets:|||
|Monetary funds|686,022,451.90|633,291,177.30|
|Financial assets measured at fair|||
|value with fair value changes included|||
||79,988,990.00|51,600.00|
|in the profit and loss for the Reporting|||
|Period|||
|Derivative financial assets|||
|Notes receivable|136,822,990.59|200,483,728.48|
|Accounts receivable|575,802,511.89|387,870,578.18|
|Accounts paid in advance|33,620,982.97|6,258,960.70|
|Interest receivable|1,979,245.24|1,979,245.24|
|Dividends receivable|||
|Other accounts receivable|44,699,101.97|47,175,016.15|
|Inventories|432,245,824.09|540,058,085.51|

The Report for the First Quarter of2016—Foshan Electrical and Lighting Co., Ltd.
||||
|-|-|-|
|Assets held for sale|||
|Non-current assets due within one|||
|year|||
|Other current assets|80,683,749.21|87,132,242.99|
|Total current assets|2,071,865,847.86|1,904,300,634.55|
|Non-current assets:|||
|Available-for-sale financial assets|3,056,065,977.39|3,092,416,162.34|
|Held-to-maturity investments|||
|Long-term accounts receivable|||
|Long-term equity investments|417,972,577.28|417,972,577.28|
|Investment property|||
|Fixed assets|392,502,932.58|403,470,166.52|
|Construction in progress|41,842,004.73|32,098,207.18|
|Engineering materials|||
|Disposal of fixed assets|||
|Productive living assets|||
|Oil-gas assets|||
|Intangible assets|119,391,726.63|120,554,776.71|
|R&D expense|||
|Goodwill|||
|Long-term deferred expenses|||
|Deferred income tax assets|34,377,635.02|36,469,936.66|
|Other non-current assets|46,611,725.04|49,025,459.75|
|Total non-current assets|4,108,764,578.67|4,152,007,286.44|
|Total assets|6,180,630,426.53|6,056,307,920.99|
|Current liabilities:|||
|Short-term borrowings|||
|Financial liabilities measured at fair|||
|value with fair value changes included|||
|in the profit and loss for the Reporting|||
|Period|||
|Derivative financial liabilities|||
|Notes payable|||
|Accounts payable|595,780,099.35|518,615,548.53|
|Accounts received in advance|32,600,780.97|70,168,946.84|

The Report for the First Quarter of2016—Foshan Electrical and Lighting Co., Ltd.
||||
|-|-|-|
|Payroll payable|28,815,274.04|48,921,086.93|
|Taxes and fares payable|27,388,738.32|2,172,775.43|
|Interest payable|||
|Dividends payable|||
|Other accounts payable|109,167,674.40|93,375,598.50|
|Liabilities held for sale|||
|Non-current liabilities due within one|||
|year|||
|Other current liabilities|||
|Total current liabilities|793,752,567.08|733,253,956.23|
|Non-current liabilities:|||
|Long-term borrowings|||
|Bonds payable|||
|Of which: Preference shares|||
|Perpetual bonds|||
|Long-term payables|||
|Long-term payroll payables|||
|Special payables|||
|Estimated liabilities|||
|Deferred income|10,102,274.95|10,102,274.95|
|Deferred income tax liabilities|385,112,470.38|390,534,187.37|
|Other non-current liabilities|||
|Total non-current liabilities|395,214,745.33|400,636,462.32|
|Total liabilities|1,188,967,312.41|1,133,890,418.55|
|Owners’ equity:|||
|Share capital|1,272,132,868.00|1,272,132,868.00|
|Other equity instruments|||
|Of which: Preference shares|||
|Perpetual bonds|||
|Capital reserves|293,425,065.15|293,419,444.90|
|Less: Treasury stock|||
|Other composite income|2,182,303,998.80|2,212,989,156.02|
|Special reserves|||
|Surplus reserves|628,439,107.12|628,439,107.12|
|Retained profit|615,362,075.05|515,436,926.40|

The Report for the First Quarter of2016—Foshan Electrical and Lighting Co., Ltd.
||||
|-|-|-|
|Total owners’ equity|4,991,663,114.12|4,922,417,502.44|
|Total liabilities and owners’ equity|6,180,630,426.53|6,056,307,920.99|

 Legal representative: He Yong Chief of the accounting work: Liu Xingming Chief of the accounting organ: Tang Qionglan
3. Consolidated income statement
Unit: RMB
||||
|-|-|-|
|Item|January-March 2016|January-March 2015|
|1. Operating revenues|904,310,757.83|767,330,509.62|
|Including: Sales income|904,310,757.83|767,330,509.62|
|Interest income|||
|Premium income|||
|Handling charge and commission|||
|income|||
|2. Total operating costs|776,257,794.04|665,290,270.04|
|Including: Cost of sales|681,520,513.44|585,139,283.86|
|Interest expenses|||
|Handling charge and commission|||
|expenses|||
|Surrenders|||
|Net claims paid|||
|Net amount provided as insurance|||
|contract reserves|||
|Expenditure on policy dividends|||
|Reinsurance premium|||
|Business tax and surtaxes|4,841,999.66|4,427,534.18|
|Selling expenses|27,744,850.71|21,558,608.80|
|Administrative expenses|54,566,416.00|56,945,253.80|
|Financial costs|-3,553,912.01|-6,645,447.07|
|Asset impairment loss|11,137,926.24|3,865,036.47|
|Add: Profit/loss on fair value changes|||
|||388,061.46|
|(“-” means loss)|||
|Profit/loss on investment (“-” means|||
||-106,841.26|17,245,640.35|
|loss)|||
|Including: Share of profit in|||
|||-1,174.20|
|associates and joint ventures|||

The Report for the First Quarter of2016—Foshan Electrical and Lighting Co., Ltd.
||||
|-|-|-|
|Foreign exchange profit (“-” means|||
|loss)|||
|3. Operating profit (“-” means loss)|127,946,122.53|119,673,941.39|
|Add: Non-operating income|1,187,884.46|836,148.80|
|Including: Profit on disposal of|||
||10,852.26||
|non-current assets|||
|Less: Non-operating expense|1,239,705.73|375,700.60|
|Including: Loss on disposal of|||
||50,139.27|301,166.86|
|non-current assets|||
|4. Total profit (“-” means loss)|127,894,301.26|120,134,389.59|
|Less: Corporate income tax|20,495,678.37|22,163,592.09|
|5. Net profit (“-” means loss)|107,398,622.89|97,970,797.50|
|Net profit attributable to owners of|||
||107,776,865.30|99,482,670.12|
|the Company|||
|Minority shareholders’ income|-378,242.41|-1,511,872.62|
|6. After-tax net amount of other|||
||-30,685,157.22|-17,685,399.88|
|composite income|||
|After-tax net amount of other|||
|composite income attributable to owners|-30,685,157.22|-17,685,399.88|
|of the Company|||
|6.1 Other composite income that|||
|will not be reclassified into profit and|||
|loss|||
|6.1.1 Changes in net liabilities|||
|or assets with a defined benefit plan upon|||
|re-measurement|||
|6.1.2 Enjoyable share in other|||
|comprehensive income in investees that|||
|cannot be reclassified into profit and loss|||
|under the equity method|||
|6.2 Other composite income that|||
||-30,685,157.22|-17,685,399.88|
|will be reclassified into profit and loss|||
|6.2.1 Enjoyable share in other|||
|composite income in investees that will|||
|be reclassified into profit and loss under|||
|the equity method|||
|6.2.2 Profit and loss on fair|||
|value changes of available-for-sale|-30,685,157.22|-17,685,399.88|
|financial assets|||
|6.2.3 Profit and loss on|||
|reclassifying held-to-maturity|||
|investments into available-for-sale|||

The Report for the First Quarter of2016—Foshan Electrical and Lighting Co., Ltd.
||||
|-|-|-|
|financial assets|||
|6.2.4 Effective hedging profi|t||
|and loss on cash flow|||
|6.2.5 Foreign-currency|||
|financial statement translation difference|||
|6.2.6 Other|||
|After-tax net amount of other|||
|composite income attributable to|||
|minority shareholders|||
|7. Total composite income|76,713,465.67|80,285,397.62|
|Attributable to owners of the|77,091,708.08||
|||81,797,270.24|
|Company|||
|Attributable to minority|-378,242.41||
|||-1,511,872.62|
|shareholders|||
|8. Earnings per share|||
|8.1 Basic earnings per share|0.0847|0.0782|
|8.2 Diluted earnings per share|0.0847|0.0782|

 Where business mergers under the same control occurred in the Reporting Period, net profit achieved by the merged parties before the business mergers was RMB0.00, with the corresponding amount for the same period of last year being RMB0.00.
Legal representative: He Yong Chief of the accounting work: Liu Xingming Chief of the accounting organ: Tang Qionglan
4. Income statement of the Company
Unit: RMB
||||
|-|-|-|
|Item|January-March 2016|January-March 2015|
|1. Operating revenues|916,228,477.71|781,216,056.78|
|Less: Operating costs|715,477,230.48|618,210,511.06|
|Business tax and surtaxes|2,844,766.16|2,651,393.36|
|Selling expenses|27,528,676.46|20,415,785.93|
|Administrative expenses|44,685,990.61|43,456,848.62|
|Financial costs|-2,174,344.12|-4,590,131.54|
|Asset impairment loss|11,178,161.37|3,471,115.71|
|Add: profit/loss on fair value changes(“-” means loss)|||
|||388,061.46|
|Profit/loss on investment (“-”means loss)|||
||-106,841.26|17,245,640.35|
|Including: Income form||-1,174.20|

The Report for the First Quarter of2016—Foshan Electrical and Lighting Co., Ltd.
||||
|-|-|-|
|investment on associates and joint|||
|ventures|||
|2. Operating profit (“-” means loss)|116,581,155.49|115,234,235.45|
|Add: Non-operating income|1,041,340.99|271,129.44|
|Including: Profit on disposal of|||
|non-current assets|||
|Less: Non-operating expense|71,261.90|318,034.89|
|Including: Loss on disposal of|||
||32,003.23|243,564.96|
|non-current assets|||
|3. Total profit (“-” means loss)|117,551,234.58|115,187,330.00|
|Less: Corporate income tax|17,626,085.93|19,060,820.76|
|4. Net profit (“-” means loss)|99,925,148.65|96,126,509.24|
|5. After-tax net amount of other|||
||-30,685,157.22|-17,685,399.88|
|composite income|||
|5.1 Other composite income that will|||
|not be reclassified into profit and loss|||
|5.1.1 Changes in net liabilities or|||
|assets with a defined benefit plan upon|||
|re-measurement|||
|5.1.2 Enjoyable share in other|||
|composite income in investees that|||
|cannot be reclassified into profit and|||
|loss under the equity method|||
|5.2 Other composite income that will|||
||-30,685,157.22|-17,685,399.88|
|be reclassified into profit and loss|||
|5.2.1 Enjoyable share in other|||
|composite income in investees that will|||
|be reclassified into profit and loss under|||
|the equity method|||
|5.2.2 Profit and loss on fair value|||
|changes of available-for-sale financial|-30,685,157.22|-17,685,399.88|
|assets|||
|5.2.3 Profit and loss on|||
|reclassifying held-to-maturity|||
|investments into available-for-sale|||
|financial assets|||
|5.2.4 Effective hedging profit and|||
|loss on cash flow|||
|5.2.5 Foreign-currency financial|||
|statement translation difference|||
|5.2.6 Other|||

The Report for the First Quarter of2016—Foshan Electrical and Lighting Co., Ltd.
||||
|-|-|-|
|6. Total composite income|69,239,991.4|3 78,441,109.36|
|7. Earnings per share|||
|7.1 Basic earnings per share|||
|7.2 Diluted earnings per share|||

Legal representative: He Yong Chief of the accounting work: Liu Xingming Chief of the accounting organ: Tang Qionglan
5. Consolidated cash flow statement
Unit: RMB
||||
|-|-|-|
|Item|January-March 2016|January-March 2015|
|1. Operating cash flow:|||
|Cash received from sale of|||
||751,648,546.04|657,694,684.23|
|commodities and rendering of service|||
|Net increase in money deposits from|||
|customers and inter-bank placements|||
|Net increase in loans from the|||
|Central Bank|||
|Net increase in funds borrowed from|||
|other financial institutions|||
|Cash received from premium of|||
|original insurance contracts|||
|Net cash received from reinsurance|||
|business|||
|Net increase in deposits of policy|||
|holders and investment fund|||
|Net increase in disposal of financial|||
|assets measured at fair value with fair|||
|value changes included in the profit|||
|and loss for the Reporting Period|||
|Cash received from interest,|||
|handling charges and commissions|||
|Net increase in loans from banks and|||
|other financial institutions|||
|Net increase in funds in repurchase|||
|business|||
|Tax refunds received|34,432,771.16|9,580,359.33|
|Other operating cash received|10,956,963.96|5,008,282.49|
|Subtotal of operating cash inflow|797,038,281.16|672,283,326.05|
|Cash paid for goods and services|388,307,756.52|380,621,884.13|
|Net increase in loans and advances|||

The Report for the First Quarter of2016—Foshan Electrical and Lighting Co., Ltd.
||||
|-|-|-|
|to customers|||
|Net increase in funds deposited in|||
|the Central Bank and inter-bank|||
|placements|||
|Cash for paying claims of original|||
|insurance contracts|||
|Cash for paying interest, handling|||
|charges and commissions|||
|Cash for paying policy dividends|||
|Cash paid to and for employees|142,895,599.81|149,796,285.77|
|Taxes and fares paid|34,192,711.05|36,563,670.69|
|Other cash payment relating to|||
||45,538,122.28|38,163,445.10|
|operating activities|||
|Subtotal of operating cash outflow|610,934,189.66|605,145,285.69|
|Net operating cash flow|186,104,091.50|67,138,040.36|
|2. Investment cash flow:|||
|Cash received from retraction of|||
||7,005.00||
|investments|||
|Cash received from return on|||
||341,953.73|17,496,814.66|
|investments|||
|Net cash received from disposal of|||
|fixed assets, intangible assets and other|54,000.00||
|long-term assets|||
|Net cash received from disposal of|||
|subsidiaries or other business units|||
|Other cash received relating to|||
|investment activities|||
|Subtotal of investment cash inflow|402,958.73|17,496,814.66|
|Cash paid to acquire fixed assets,|||
|intangible assets and other long-term|14,704,385.62|16,192,196.41|
|assets|||
|Cash paid for investment|109,988,990.00|62,132,280.92|
|Net increase in pledged loans|||
|Net cash paid to acquire subsidiaries|||
|and other business units|||
|Other cash payments relating to|||
|investment activities|||
|Subtotal of investment cash outflow|124,693,375.62|78,324,477.33|
|Net investment cash flow|-124,290,416.89|-60,827,662.67|
|3. Financing cash flow:|||

The Report for the First Quarter of2016—Foshan Electrical and Lighting Co., Ltd.
||||
|-|-|-|
|Cash received from capital|||
|contributions|||
|Including: Cash received from|||
|minority shareholder investments by|||
|subsidiaries|||
|Cash received as borrowings|||
|Cash received from issuance of|||
|bonds|||
|Other financing cash received|||
|Subtotal of financing cash inflow|||
|Repayment of borrowings|||
|Cash paid for interest expenses and|||
|distribution of dividends or profit|||
|Including: dividends or profit paid|||
|by subsidiaries to minority|||
|shareholders|||
|Other cash payments relating to|||
|financing activities|||
|Sub-total of financing cash outflow|||
|Net financing cash flow|||
|4. Effect of foreign exchange rate|||
||2,339,324.91|64,324.76|
|changes on cash and cash equivalents|||
|5. Net increase in cash and cash|||
||64,152,999.52|6,374,702.45|
|equivalents|||
|Add: Opening balance of cash and|||
||935,241,205.20|989,718,395.60|
|cash equivalents|||
|6. Closing balance of cash and cash|||
||999,394,204.72|996,093,098.05|
|equivalents|||

Legal representative: He Yong Chief of the accounting work: Liu Xingming Chief of the accounting organ: Tang Qionglan
6. Cash flow statement of the Company
Unit: RMB
||||
|-|-|-|
|Item|January-March 2016|January-March 2015|
|1. Operating cash flow:|||
|Cash received from sale of|||
||746,819,116.75|627,489,040.22|
|commodities and rendering of service|||
|Tax refunds received|34,432,771.16|9,571,389.54|
|Other operating cash received|8,309,282.13|4,119,297.51|
|Subtotal of operating cash inflow|789,561,170.04|641,179,727.27|

The Report for the First Quarter of2016—Foshan Electrical and Lighting Co., Ltd.
||||
|-|-|-|
|Cash paid for goods and services|492,802,614.83|463,516,899.97|
|Cash paid to and for employees|70,076,334.33|72,668,015.91|
|Taxes and fares paid|9,335,332.53|12,368,608.54|
|Other operating cash payments|43,078,475.07|33,474,157.44|
|Subtotal of operating cash outflow|615,292,756.76|582,027,681.86|
|Net operating cash flow|174,268,413.28|59,152,045.41|
|2. Investment cash flow:|||
|Cash received from retraction of|||
||7,005.00||
|investments|||
|Cash received from return on|||
||341,953.73|17,496,814.66|
|investments|||
|Net cash received from disposal of|||
|fixed assets, intangible assets and other|||
|long-term assets|||
|Net cash received from disposal of|||
|subsidiaries or other business units|||
|Other cash received relating to|||
|investment activities|||
|Subtotal of investment cash inflow|348,958.73|17,496,814.66|
|Cash paid to acquire fixed assets,|||
|intangible assets and other long-term|14,236,431.87|14,479,638.28|
|assets|||
|Cash paid for investment|109,988,990.00|62,132,280.92|
|Net cash paid to acquire subsidiaries|||
|and other business units|||
|Other investment cash payments|||
|Subtotal of investment cash outflow|124,225,421.87|76,611,919.20|
|Net investment cash flow|-123,876,463.14|-59,115,104.54|
|3. Financing cash flow:|||
|Cash received from capital|||
|contributions|||
|Cash received as borrowings|||
|Cash received from issuance of|||
|bonds|||
|Other financing cash received|||
|Subtotal of financing cash inflow|||
|Repayment of borrowings|||
|Cash paid for interest expenses and|||
|distribution of dividends or profit|||

The Report for the First Quarter of2016—Foshan Electrical and Lighting Co., Ltd.
||||
|-|-|-|
|Other cash payments relating to|||
|financing activities|||
|Sub-total of financing cash outflow|||
|Net financing cash flow|||
|4. Effect of foreign exchange rate|||
||2,339,324.46|52,276.21|
|changes on cash and cash equivalents|||
|5. Net increase in cash and cash|||
||52,731,274.60|89,217.08|
|equivalents|||
|Add: Opening balance of cash and|||
||633,291,177.30|685,652,777.19|
|cash equivalents|||
|6. Closing balance of cash and cash|||
||686,022,451.90|685,741,994.27|
|equivalents|||

Legal representative: He Yong Chief of the accounting work: Liu Xingming Chief of the accounting organ: Tang Qionglan
IIAuditor’s report
Is this Report audited?
□ Yes√ No
This Report is not audited.
The Board of Directors
Foshan Electrical and Lighting Co., Ltd.
26 April 2016