Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2019 FOSHAN ELECTRICAL AND LIGHTING CO., LTD. THIRD QUARTER REPORT 2019
October 2019
Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2019 Part I Important Notes
The Board of Directors (or the “Board”), the Supervisory Committee as well as the directors, supervisors and senior management of Foshan Electrical and Lighting Co., Ltd. (together with its consolidated subsidiaries, the “Company”, except where the context otherwise requires) hereby guarantee the factuality, accuracy and completeness of the contents of this Report and its summary, and shall be jointly and severally liable for any misrepresentations, misleading statements or material omissions therein.
All theCompany’s directors have attended the Board meeting for the review of this Report and its summary.
He Yong, theCompany’s legal representative, Liu Xingming, theCompany’s General Manager, and Tang Qionglan, theCompany’s Chief Financial Officer (CFO) hereby guarantee that the financial statements carried in this Report are factual, accurate and complete.
This Report and its summary have been prepared in both Chinese and English. Should there be any discrepancies or misunderstandings between the two versions, the Chinese versions shall prevail.
Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2019 Part II Key Corporate Information
I Key Consolidated Financial Information
Indicate by tick mark whether there is any retrospectively restated datum in the table below.
□ Yes√ No
||||||||
|-|-|-|-|-|-|-|
||30 September 2019||31 December 2018||Change (%)||
|Total assets (RMB)|5,512,912,337.3||2 5,588,166,699.30||-1.35%||
|Equity attributable to the listed|4,372,149,231.1||7 4,319,259,418.46||||
||||||1.22%||
|company’s shareholders (RMB)|||||||
||Q3 2019|YoY change (%)||Q1-Q3 2019||YoY change (%)|
|Operating revenue (RMB)|755,281,612.77|-7.98%||2,442,466,273.63||-15.35%|
|Net profit attributable to the listed|63,440,260.60|||230,715,986.35|||
|||-32.79%||||-28.72%|
|company’s shareholders (RMB)|||||||
|Net profit attributable to the listed|||||||
|company’s shareholders before|64,734,076.20|-31.54%||219,252,063.86||-32.03%|
|exceptional items (RMB)|||||||
|Net cash generated from/used in||||335,947,221.70|||
||--|--||||-34.18%|
|operating activities (RMB)|||||||
|Basic earnings per share|0.0453|||0.1649|||
|||-32.89%||||-28.71%|
|(RMB/share)|||||||
|Diluted earnings per share|0.0453|||0.1649|||
|||-32.89%||||-28.71%|
|(RMB/share)|||||||
|Weighted average return on equity|||||||
||1.52%|-0.14%||5.29%||-1.69%|
|(%)|||||||

Exceptional gains and losses:
√ Applicable□ Not applicable
Unit: RMB
||||
|-|-|-|
|Item|Q1-Q3 2019|Note|
|Gain or loss on disposal of non-current assets (inclusive of|||
||-53,336.67||
|impairment allowance write-offs)|||
|Government subsidies charged to current profit or loss (exclusive|||
|of government subsidies given in the Company’s ordinary course|||
||3,412,550.19||
|of business at fixed quotas or amounts as per government’s|||
|uniform standards)|||

Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2019
||||
|-|-|-|
|Gain or loss on fair-value changes in trading financial assets and|||
|liabilities and derivative financial assets and liabilities &|||
|investment income from disposal of trading financial assets and|||
||11,401,600.00||
|liabilities and derivative financial assets and liabilities, and other|||
|creditors’ investment (exclusive of effective portion of hedges|||
|that arise in the Company’s ordinary course of business)|||
|Non-operating income and expense other than above|-1,196,346.06||
|Less: Income tax effects|2,084,348.88||
|Non-controlling interests effects (net of tax)|16,196.09||
|Total|11,463,922.49|--|

Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item defined or listed in the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to thePublic—Exceptional Gain/Loss Items:
□ Applicable√ Not applicable
No such cases for the Reporting Period.
II Total Number of Shareholders and Holdings of Top 10 Shareholders at 30 September 2019 1. Numbers of Ordinary Shareholders and Preferred Shareholders with Resumed Voting Rights as well as Holdings of Top 10 Shareholders
Unit: share
||||||||||
|-|-|-|-|-|-|-|-|-|
|||||Number of preferred|||||
|Number of ordinary shareholders||85,241||shareholders with resumed|||0||
|||||voting rights (if any)|||||
|Top 10 shareholders|||||||||
|Name of|Nature of|Shareholding||||Shares in pledge or frozen|||
||||Number of shares||Restricted shares||||
|shareholder|shareholder|percentage||||Status||Shares|
|Hong Kong WahShing HoldingCompany Limited|Foreign legalperson|13.47%|188,496,430||||||
|||||||In pledge||92,363,251|
|Prosperity Lamps& ComponentsLimited|Foreign legalperson|10.50%|146,934,857||||||
|Shenzhen RisingInvestmentDevelopment Co.,Ltd.|State-owned legalperson|5.12%|71,696,136||||||
|||||||In pledge||35,800,000|

Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2019
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|-|-|-|-|-|-|-|
|GuangdongElectronicsInformationIndustry Group Ltd.|State-owned legalperson|4.74%|66,393,501||||
||||||In pledge|32,532,815|
|Central HuijinAsset ManagementCo., Ltd.|State-owned legalperson|2.42%|33,878,900||||
|EssenceInternationalSecurities (HongKong) Limited|Foreign legalperson|2.22%|31,008,913||||
|Rising InvestmentDevelopmentLimited|Foreign legalperson|1.82%|25,482,252||||
|DBS VICKERS(HONG KONG)LTD A/CCLIENTS|Foreign legalperson|1.57%|22,002,137||||
|China MerchantsSecurities (HK)Co., Limited|Foreign legalperson|0.87%|12,226,036||||
|Zhuang Jianyi|Foreign naturalperson|0.85%|11,903,509|8,927,632|||
|Top 10 unrestricted shareholders|||||||
||||||Shares by type||
|Name of shareholder||Unrestricted shares|||||
||||||Type|Shares|
|Hong Kong Wah Shing HoldingCompany Limited||188,496,430|||RMB-denominate||
|||||||188,496,430|
||||||d ordinary stock||
|Prosperity Lamps & ComponentsLimited||146,934,857|||RMB-denominate||
|||||||146,934,857|
||||||d ordinary stock||
|Shenzhen Rising InvestmentDevelopment Co., Ltd.||71,696,136|||RMB-denominate||
|||||||71,696,136|
||||||d ordinary stock||
|Guangdong Electronics InformationIndustry Group Ltd.||66,393,501|||RMB-denominate||
|||||||66,393,501|
||||||d ordinary stock||
|Central Huijin Asset Management Co.,Ltd.||33,878,900|||RMB-denominate||
|||||||33,878,900|
||||||d ordinary stock||
|Essence International Securities (HongKong) Limited||31,008,913|||Domestically||
||||||listed foreign|31,008,913|
||||||stock||

Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2019
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|-|-|-|-|
|Rising Investment DevelopmentLimited|25,482,252|Domestically||
|||listed foreign|25,482,252|
|||stock||
|DBS VICKERS (HONG KONG) LTDA/C CLIENTS|22,002,137|Domestically||
|||listed foreign|22,002,137|
|||stock||
|China Merchants Securities (HK) Co.,Limited|12,226,036|Domestically||
|||listed foreign|12,226,036|
|||stock||
|Zhao Xiyi|7,868,765|RMB-denominate||
||||7,868,765|
|||d ordinary stock||
||Among the top 10 shareholders, Hong Kong Wah Shing Holding Company Limited,|||
||Shenzhen Rising Investment Development Co., Ltd., Guangdong Electronics Information|||
|Related or acting-in-concert parties|Industry Group Ltd. and Rising Investment Development Limited are acting-in-concert|||
|among shareholders above|parties. Apart from that, it is unknown whether there is among the top 10 shareholders any|||
||other related parties or acting-in-concert parties as defined in the Administrative Measures for|||
||the Acquisition of Listed Companies.|||
|Top 10 ordinary shareholders involved||||
||NA|||
|in securities margin trading (if any)||||

Indicate by tick mark whether any of the top 10 ordinary shareholders or the top 10 unrestricted ordinary shareholders of the Company conducted any promissory repo during the Reporting Period.
□ Yes√ No
No such cases in the Reporting Period.
2. Number of Preferred Shareholders and Shareholdings of Top 10 of Them
□ Applicable√ Not applicable
Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2019 Part III Significant Events
I Changes in Selected Consolidated Financial Statement Line Items and Explanation of why√ Applicable□ Not applicable
Unit: RMB
||||||
|-|-|-|-|-|
|Item|30 September 2019(or Q1~Q3 2019)|31 December 2018 (orQ1~Q3 2018)|Change (%)|Explanation of why|
|Interests receivable|7,827,159.65|5,152,364.04|51.91%|Primarily driven by increase in withdrawal ofinterests of undue fixed time deposits in theReporting Period|
|Available-for-sale financialassets||897,716,590.20|-100.00%|Primarily driven by the transfer of this item intoinvestments in other equity instruments foraccounting in accordance with the New StandardsGoverning Financial Instruments in the ReportingPeriod|
|Investments in other equityinstruments|939,350,512.41||N/A|Primarily driven by the transfer of those originallyrecorded into available-for-sale financial assets intothis item for accounting in accordance with the NewStandards Governing Financial Instruments in theReporting Period|
|Other non-current assets|6,829,987.60|48,305,435.42|-85.86%|Primarily driven by recovery of accounts|
|Trading financial liabilities|2,625,600.00||N/A|Primarily driven by the transfer of those originallyrecorded into financial liabilities at fair value throughprofit or loss into this item for accounting inaccordance with the New Standards GoverningFinancial Instruments in the Reporting Period|
|Financial liabilities at fair valuethrough profit or loss||477,200.00|-100.00%|Primarily driven by the transfer of this item intotrading financial liabilities for accounting inaccordance with the New Standards GoverningFinancial Instruments in the Reporting Period|
|Payroll payable|65,113,082.24|96,088,621.59|-32.24%|The payment in the current period of the year-endbonuses of last year to the employees|
|Tax payable|16,204,972.79|25,354,466.37|-36.09%|Decrease in VAT and income tax in the ReportingPeriod|
|Deferred income|38,750.37|155,000.31|-75.00%|Carry-over of some deferred income tonon-operating income in the Reporting Period|
|R&D expense|51,257,471.53|35,259,823.24|45.37%|Primarily driven by increase in the salary of R&Dpersonnel for the Reporting Period compared to thatof last year|

Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2019
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|-|-|-|-|-|
|Interest income|16,370,875.76|7,691,616.90|112.84%|Primarily driven by increase in interests of depositsfor the Reporting Period|
|Other income|6,665,710.25|27,330,963.26|-75.61%|A smaller amount of government subsidies receivedin the Company’s ordinary course of business|
|Income from investment in jointventures and associatedenterprises|875,062.13|6,515,462.53|-86.57%|Decrease in associated enterprises’ net profitattributable to shareholders of the Company as theparent in the Reporting Period|
|Gain on changes in fair value|-2,148,400.00|-4,819,200.00|55.42%|Primarily driven by decrease in amount of undueforward foreign exchange settlement products as at30 September 2019|
|Credit impairment loss|1,749,099.60||N/A|Primarily driven by the presentation of bad debtprovision withdrawn for accounts receivable underthis item in accordance with the New StandardsGoverning Financial Instruments in the ReportingPeriod|
|Asset impairment loss|-12,157,202.51|-31,327,824.39|61.19%|Primarily driven by the presentation of bad debtprovision withdrawn for accounts receivable underthe item of credit impairment loss in accordance withthe New Standards Governing Financial Instrumentsin the Reporting Period|
|Asset disposal income||-78,039.44|100.00%|Resale of non-current assets in the same period oflast year|
|Operating profit|271,171,799.88|387,876,055.36|-30.09%|Decrease in operating revenue in the ReportingPeriod|
|Non-operating income|2,672,321.16|2,040,284.75|30.98%|Primarily driven by increase in non-operating incomefor the Reporting Period|
|Non-operating expense|2,680,673.95|884,191.93|203.18%|Increase in non-operating expense in the ReportingPeriod|
|Profit before tax|271,163,447.09|389,032,148.18|-30.30%|Decrease in operating revenue in the ReportingPeriod|
|Income tax expense|38,512,677.43|62,530,147.85|-38.41%|Decrease in profit before tax in the Reporting Period|
|Net profit attributable tonon-controlling interests|1,934,783.31|2,835,156.82|-31.76%|Decrease in profits of non-wholly-owned subsidiariesin the Reporting Period|
|Other comprehensive income,net of tax|40,471,826.38|-333,328,064.68|112.14%|Increase in fair value of investments in other equityassets in the Reporting Period|
|Total comprehensive income|273,122,596.04|-6,826,064.35|4101.17%|Increase in fair value of investments in other equityinstruments in the Reporting Period|
|Net cash generated from/used inoperating activities|335,947,221.70|510,441,096.28|-34.18%|Primarily driven by increase of mature bankacceptance bills honored in the Reporting Periodcompared to that of the same period of last year|
|Net cash generated from/used ininvesting activities|47,955,813.35|-20,911,229.55|329.33%|Decrease in cash paid for construction of fixedassets, intangible assets and other long-term assets in|

Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2019
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|-|-|-|-|-|
||||t|he Reporting Period|
|Net cash generated from/used infinancing activities|-215,948,000.02|-405,163,764.00|46.70%P|Decrease in cash dividends paid in the Reportingeriod|
|Effect of foreign exchange ratechanges on cash and cashequivalents|531,705.94|5,036,692.65|-89.44%p|Large fluctuation of exchange rates of the sameeriod of last year|
|Net increase in cash and cashequivalents|168,486,740.97|89,402,795.38|88.46% Pf|rimarily driven by increase in cash flows frominancing activities|

II Progress, Influence and Solutions with regard to Significant Events
□ Applicable√ Not applicable
Progress of any share repurchase:
□ Applicable√ Not applicable
Progress of any reduction of the repurchased shares through centralized bidding:
□ Applicable√ Not applicable
III Commitments that theCompany’s Actual Controller, Shareholders, Related Parties, Acquirers, the Company Itself or Other Parties, Failed to Fulfill on Time during the Reporting Period
□ Applicable√ Not applicable
No such cases in the Reporting Period.
IV Securities Investments
√ Applicable□ Not applicable
Unit: RMB
|||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
|||||||Gain/Lo||||||||
||||||||Accumu|||||||
|||||||ss on||||||||
||||||||lated|||||||
||||Initial|||fair-valu||Purchas||Gain/los||||
||||||Beginni||fair-valu||Sold in|||||
|Security|Security|Security||Measure||e||ed in||s in|Ending|Account|Funding|
||||investm|ment|ng|changes|e|Reporti|Reporti|Reporti|carrying|||
|type|code|name|||carrying||changes||ng|||ing title|source|
||||ent cost|method|amount|in|charged|ng|Period|ng|amount|||
|||||||Reporti||Period||Period||||
||||||||to|||||||
|||||||ng||||||||
||||||||equity|||||||
|||||||Period||||||||
|||||||||||||Investm||
|Domesti||||||||||||||
|||Guoxua||||||||||ent in||
|cally/Ov|||160,00|Fair||||||||||
|||n|||525,465|43,182,|348,412|||4,545,5|568,647|other|Self-fun|
|erseas|||0,000.0|value||||||||||
||002074|High-tec|||,291.00|701.25|,852.61|||47.50|,992.25|equity|ded|
|listed|||0|method||||||||||
|||h||||||||||instrum||
|stock||||||||||||||
|||||||||||||ents||

Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2019
|||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
|||||||||||||Investm||
|Domesti||||||||||||||
|||||||||||||ent in||
|cally/Ov||China||Fair||||||||||
||||30,828,||68,622,|4,451,2|49,424,|||2,986,0|73,074,|other|Self-fun|
|erseas|601818|Everbrig||value||||||||||
||||816.00||989.80|20.96|462.94|||27.39|210.76|equity|ded|
|listed||ht Bank||method||||||||||
|||||||||||||instrum||
|stock||||||||||||||
|||||||||||||ents||
|||||||||||||Investm||
|Domesti||||||||||||||
|||||||||||||ent in||
|cally/Ov|||292,57|||||||||||
|||Xiamen||Cost|292,574|||||10,971,|292,574|other|Self-fun|
|erseas|N/A||4,133.0|||||||||||
|||Bank||method|,133.00|||||417.60|,133.00|equity|ded|
|listed|||0|||||||||||
|||||||||||||instrum||
|stock||||||||||||||
|||||||||||||ents||
|||Foshan||||||||||||
|||branch||||||||||Investm||
|Domesti||||||||||||||
|||of||||||||||ent in||
|cally/Ov||||||||||||||
|||Guangd|500,00|Cost|500,000|||||7,962.3|500,000|other|Self-fun|
|erseas|N/A|||||||||||||
|||ong|0.00|method|.00|||||1|.00|equity|ded|
|listed||||||||||||||
|||Develop||||||||||instrum||
|stock||||||||||||||
|||ment||||||||||ents||
|||Bank||||||||||||
||||483,90|||||||||||
||||||887,162|47,633,|397,837|||18,510,|934,796|||
|Total|||2,949.0|--||||0.00|0.00|||--|--|
||||||,413.80|922.21|,315.55|||954.80|,336.01|||
||||0|||||||||||
|Disclosure date of||||||||||||||
|announcement on Board’s||||||||||||||
|consent for securities||||||||||||||
|investments||||||||||||||
|Disclosure date of||||||||||||||
|announcement on general||||||||||||||
|meeting’s consent for||||||||||||||
|securities investments (if||||||||||||||
|any)||||||||||||||

V Wealth Management Entrustment
√ Applicable□ Not applicable
Unit:RMB’0,000 (in RMB ten thousand yuan)
||||||
|-|-|-|-|-|
|Type of wealth|||Outstanding amount||
||Funding source|Principal||Overdue amount|
|management|||before maturity||
|Wealth management|||||
|product purchased from|Self-funded|36,500|34,500|0|
|bank|||||

Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2019
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|-|-|-|-|-|
|Structural deposits|Self-funded|60,00|0 48,000|0|
|Total||96,50|0 82,500|0|

 High-risk wealth management entrustments with amounts that are individually significant, or with low security, low liquidity, or no protection of the principal:
√ Applicable□ Not applicable
Unit:RMB’0,000 (in RMB ten thousand yuan)
||||||||||||||||||
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Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2019
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|Devel|Bank|with|5,000||Augus|||and|3.85%|47.47|17.93|collect|Yes|Yes||
|||||idle||mber|ment||||||||.com.c|
|opmen||floatin|||t 2019|||interes||||ed||||
|||||capital||2019|||||||||n|
|t||g-rate||||||t upon||||||||
|Distric||income||||||maturi||||||||
|t||||||||ty||||||||
|sub-br||||||||||||||||
|anch)||||||||||||||||
|PingA|Bank|Princip|3,500|Self-o|22|22|Invest|Payme|3.85%|33.96|14.4|To be|Yes|Yes|www.|

Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2019
|||||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
|n Bank(FoshanJiangwansub-branch)||al-prot||wned|Augus|Nove|ment|nt of||||collect|||cninfo|
|||ected||idle|t 2019|mber2019||princi||||ed|||.com.c|
|||with||capital||||pal|||||||n|
|||floatin||||||and||||||||
|||g-rate||||||interes||||||||
|||income||||||t upon||||||||
|||||||||maturi||||||||
|||||||||ty||||||||
|ChinaGuangfaBank(FoshanChengnansub-branch)||||||||||||||||
|||||||||Payme||||||||
|||Princip||||||nt of||||||||
|||al-prot||||||princi||||||||
|||||Self-o|4|3|||||||||www.|
|||ected||||||pal||||To be||||
|||||wned|Septe|December|Invest||||||||cninfo|
||Bank|with|3,000|||||and|3.85%|28.48|8.23|collect|Yes|Yes||
|||||idle|mber||ment||||||||.com.c|
|||floatin||||||interes||||ed||||
|||||capital|2 019|2019|||||||||n|
|||g-rate||||||t upon||||||||
|||income||||||maturi||||||||
|||||||||ty||||||||
||||34,500|||||||||||||
|Total||||--|--|--|--|--|--|352.88|173.49|--|--|--|--|

 Wealth management entrustments with possible impairments including an expectedly unrecoverable principal:□ Applicable√ Not applicable
VI Investments in Derivative Financial Instruments
√ Applicable□ Not applicable
Unit:USD’0,000
|||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
||Relationshipwith theCompany|||||||||||Ending||
|||||||||||||investm||
||||||||||||||Actual|
|||Related-||||||Purchased inReportingPeriod||Impairm||ent as %||
|||||Initial|||Beginni||Sold in||||gain/los|
|||party|Type of|||||||ent|Ending|of the||
|Counterpa||||investm|Start|End|ng||Reporti||||s in|
|||transacti|derivativ|||||||allowan|investm|Compan||
|rty||||ent|date|date|investm||ng||||Reporti|
|||on or|e|||||||ce (if|ent|y’s||
|||||amount|||ent||Period||||ng|
|||not||||||||any)||ending||
||||||||||||||Period|
|||||||||||||net||
|||||||||||||assets||
|China|iNotrelated||Forward|||14January2019||||||||
|Construct|||forex|||||||||||
||||||12 July|||||||||
|on Bank||Not|settleme|1,200|||200||200|||0.00%|-1.78|
||||||2018|||||||||
|(Foshan|||nt|||||||||||
|branch)|||portfolio|||||||||||

Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2019
|||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
|Agricultur|||Forward|||||||||||
|al Bank of|||forex||2|1||||||||
||Not|||||||||||||
|China||Not|settleme|1,200|August|Februar|400||400|||0.00%|-0.12|
||related|||||||||||||
|(Foshan|||nt||2018|y 2019||||||||
|branch)|||portfolio|||||||||||
|Guanzhou||||||||||||||
||||Ordinary|||||||||||
|Rural||||||||||||||
||||forward||22|12||||||||
|Commerci|Not|||||||||||||
|||Not|forex|600|March|June||600|600|||0.00%|-5.6|
|al Bank|related|||||||||||||
||||settleme||2019|2019||||||||
|(Foshan||||||||||||||
||||nt|||||||||||
|branch)||||||||||||||
|Guanzhou||||||||||||||
||||Ordinary|||||||||||
|Rural||||||||||||||
||||forward|||31||||||||
|Commerci|Not||||24 April|||||||||
|||Not|forex|600||October||600|||600|0.96%|-29.51|
|al Bank|related||||2019|||||||||
||||settleme|||2019||||||||
|(Foshan||||||||||||||
||||nt|||||||||||
|branch)||||||||||||||
|China|||Ordinary|||||||||||
|Constructi|||forward|||15||||||||
||Not||||9 May|||||||||
|on Bank||Not|forex|500||October||500|400||100|0.16%|-11.51|
||related||||2019|||||||||
|(Foshan|||settleme|||2019||||||||
|branch)|||nt|||||||||||
|Agricultur|||Ordinary|||||||||||
|al Bank of|||forward|||14||||||||
||Not||||9 May|||||||||
|China||Not|forex|500||October||500|400||100|0.16%|-11.32|
||related||||2019|||||||||
|(Foshan|||settleme|||2019||||||||
|branch)|||nt|||||||||||
|Total||||4,600|--|--|600|2,200|2,000|0|800|1.28%|-59.84|
|Funding source||||Self-funded||||||||||
|Legal matters involved (if applicable)||||N/A||||||||||
|Disclosure date of board||||||||||||||
|announcement approving derivative||||23 May 2018||||||||||
|investment (if any)||||||||||||||
|Disclosure date of general meeting||||||||||||||
|announcement approving derivative||||||||||||||
|investment (if any)||||||||||||||
|Analysis of risks and control measures||||Risk Analysis of Forward Exchange Settlement Business: 1. Risk of exchange rate||||||||||
|associated with derivative investments||||fluctuations. In the case of large fluctuations in the exchange rate, the quoted price of the||||||||||
|held in Reporting Period (including but||||bank’s forward exchange rate may be lower than the Company’s quoted exchange rate to the||||||||||
|not limited to market risk, liquidity||||customer, which will make the Company unable to lock the quoted exchange rate to the||||||||||
|risk, credit risk, operational risk, legal||||customer or the bank’s forward exchange rate may deviate from the exchange rate at the time||||||||||

Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2019
|||
|-|-|
|risk, etc.)|of the Company’s actual receipt and payment, and causes exchange losses. 2. Risk of|
||customer default. The customer’s accounts receivable may be overdue, and the payment for|
||goods cannot be recovered within the predictable payback period, which will result in the|
||loss of the Company due to the delayed forward settlement. 3. Risk of payback prediction.|
||The marketing department shall made corresponding payback prediction based on customer|
||orders and expected orders. However, during the actual implementation process, customers|
||may adjust their orders and predictions, which will result in the Company’s incorrect|
||payback prediction and cause the risk of delayed delivery of forward exchange settlement.|
||Adopted Risk Control Measures: 1. The Company will strengthen the research and analysis|
||of the exchange rate. When the exchange rate fluctuates greatly, it will adjust the business|
||strategy in a timely manner to stabilize the export business and avoid exchange losses to the|
||utmost. 2. The Management System for Forward Settlement and Sales of Foreign Exchanges|
||reviewed and approved by the board of directors of the Company stipulates that all forward|
||foreign exchange settlement businesses of the Company shall be based on the normal|
||production and operation, and relied on specific business operations to avoid and prevent|
||various exchange rate risks. However, speculative transaction and interest arbitrage are not|
||allowed. At the same time, the system clearly defines the operating principles, approval|
||authority, responsible department and responsible person, internal operation procedures,|
||information isolation measures, internal risk reporting system, risk management procedures,|
||and information disclosure related to the forward settlement business as well. In fact, the|
||system is conducive to strengthen the management of the Company’s forward foreign|
||exchange settlement business and prevent investment risks. 3. In order to prevent any delay|
||in the forward exchange settlement, the Company will strengthen the management of|
||accounts receivable, actively collect receivables, and avoid any overdue receivables. In the|
||meantime, the Company plans to increase the export purchases and purchase corresponding|
||credit insurance so as to reduce the risk of default and customer default. 4. The Company’s|
||forward foreign exchange settlement transactions must be based on the Company’s foreign|
||exchange earnings prediction. Besides, the Company shall strictly control the scale of its|
||forward foreign exchange settlement business, and manage all risks that the Company may|
||face within a controllable range. 5. The internal audit department of the Company shall check|
||the actual signing and execution situation of all trading contracts on a regular or irregular|
||basis.|
||1. The Company has invested various derivatives including Forward Exchange Settlement|
||3+3 Portfolio. This product portfolio is superior to other ordinary forward settlement|
||products during the same period. The first three sessions of vesting conditions of this|
||portfolio are: the spot exchange rate at maturity is lower than the agreed front-end exchange|
|Changes in market prices or fair value||
||rate, and the exchange settlement shall be carried out based on the agreed front-end exchange|
|of derivative investments in Reporting||
||rate; if the spot exchange rate at maturity is higher than the agreed front-end exchange rate,|
|Period (fair value analysis should||
||the Company can choose not to settle the exchange or choose to settle the exchange based on|
|include measurement method and||
||the spot exchange rate at maturity. The back-end three sessions of vesting conditions are: the|
|related assumptions and parameters)||
||spot exchange rate at maturity is lower than the agreed back-end exchange rate, and the|
||Company can choose not to settle the exchange or choose to settle the exchange based on the|
||spot exchange rate at maturity; if the spot exchange rate at maturity is higher than the agreed|
||back-end exchange rate, the exchange settlement shall be carried out based on the agreed|

Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2019
|||
|-|-|
||back-end exchange rate. At present, in terms of Forward Exchange Settlement 3+3 Portfolio|
||purchased by the Company, the spot exchange rates at maturity are all higher than the agreed|
||front-end exchange rates, and the Company chooses not to exercise the right. Therefore, the|
||product’s fair value has not changed.|
||2. The Company has invested ordinary forward exchange settlement product and the|
||exchange settlement shall be carried out in accordance with the currency, amount and|
||exchange rate stipulated in the forward exchange settlement contract, and the fair value of|
||the product will change.|
|Major changes in accounting policies||
|and specific accounting principles||
|adopted for derivative investments in|N/A|
|Reporting Period compared to last||
|reporting period||
||The independent directors of the Company are of the opinion that during the Reporting|
||Period, the Company carried out forward forex settlement in strict compliance with the|
||Company Law, the Regulations of the People’s Bank of China on Foreign Exchange|
|Opinion of independent directors on|Settlement, Sale and Payment and the Company’s Management Rules for Forward Foreign|
|derivative investments and risk control|Exchange Settlement and Sale, among others, as well as within the Board’s authorization.|
||Such trading is primarily aimed to prevent exchange rate fluctuations from impacting the|
||Company’s export business and operating earnings, with no speculative trading involved. It|
||is a necessity, and the risk is well under control.|

VII Communications with the Investment Community such as Researches, Inquiries and Interviews during the Reporting Period
√ Applicable□ Not applicable
|||||
|-|-|-|-|
|||Type of communication|Index to main information|
|Date|Way of communication|||
|||party|communicated|
|2 September 2019|By one-on-one meeting|Institution|Cninf-Interactive-Investor Relations|

 VIII Irregularities in the Provision of Guarantees
□ Applicable√ Not applicable
No such cases in the Reporting Period.
IX Occupation of theCompany’s Capital by the Controlling Shareholder or Its Related Parties for Non-Operating Purposes
□ Applicable√ Not applicable
No such cases in the Reporting Period.
Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2019 Part IV Financial Statements
I Financial Statements
1. Consolidated Balance Sheet
Prepared by Foshan Electrical and Lighting Co., Ltd.
30 September 2019
Unit: RMB
||||
|-|-|-|
|Item|30 September 2019|31 December 2018|
|Current assets:|||
|Monetary capital|1,038,625,465.23|896,646,719.87|
|Settlement reserve|||
|Interbank loans granted|||
|Trading financial assets|||
|Financial assets at fair value through|||
|profit or loss|||
|Derivative financial assets|||
|Notes receivable|117,332,228.14|107,506,613.50|
|Accounts receivable|715,591,814.02|834,420,596.05|
|Accounts receivable financing|||
|Prepayments|12,297,675.47|13,811,905.18|
|Premiums receivable|||
|Reinsurance receivables|||
|Receivable reinsurance contract|||
|reserve|||
|Other receivables|26,391,846.27|21,745,690.53|
|Including: Interest receivable|7,827,159.65|5,152,364.04|
|Dividends receivable|||
|Financial assets purchased under|||
|resale agreements|||
|Inventories|651,340,109.93|767,319,599.00|
|Contractual assets|||
|Assets classified as held for sale|||
|Current portion of non-current assets|||

Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2019
||||
|-|-|-|
|Other current assets|864,628,092.32|864,093,663.30|
|Total current assets|3,426,207,231.38|3,505,544,787.43|
|Non-current assets:|||
|Loans and advances to customers|||
|Investments in debt obligations|||
|Available-for-sale financial assets||897,716,590.20|
|Investments in other debt obligations|||
|Held-to-maturity investments|||
|Long-term receivables|||
|Long-term equity investments|180,213,036.07|182,458,559.69|
|Investments in other equity|||
||939,350,512.41||
|instruments|||
|Other non-current financial assets|||
|Investment property|||
|Fixed assets|578,059,529.88|512,106,912.39|
|Construction in progress|171,553,570.26|224,624,447.16|
|Productive living assets|||
|Oil and gas assets|||
|Right-of-use assets|||
|Intangible assets|169,403,736.89|172,725,277.21|
|R&D expense|||
|Goodwill|||
|Long-term prepaid expense|7,691,746.38|6,852,985.35|
|Deferred income tax assets|33,602,986.45|37,831,704.45|
|Other non-current assets|6,829,987.60|48,305,435.42|
|Total non-current assets|2,086,705,105.94|2,082,621,911.87|
|Total assets|5,512,912,337.32|5,588,166,699.30|
|Current liabilities:|||
|Short-term borrowings|||
|Borrowings from central bank|||
|Interbank loans obtained|||
|Trading financial liabilities|2,625,600.00||
|Financial liabilities at fair value|||
|||477,200.00|
|through profit or loss|||
|Derivative financial liabilities|||

Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2019
||||
|-|-|-|
|Notes payable|419,896,446.04|452,683,676.97|
|Accounts payable|451,398,326.85|532,597,143.95|
|Advances from customers|51,392,925.18|43,850,788.04|
|Contractual liabilities|||
|Financial assets sold under|||
|repurchase agreements|||
|Customer deposits and interbank|||
|deposits|||
|Payables for acting trading of|||
|securities|||
|Payables for underwriting of|||
|securities|||
|Payroll payable|65,113,082.24|96,088,621.59|
|Taxes payable|16,204,972.79|25,354,466.37|
|Other payables|48,077,759.10|43,115,011.68|
|Including: Interest payable|||
|Dividends payable|||
|Handling charges and commissions|||
|payable|||
|Reinsurance payables|||
|Liabilities directly associated with|||
|assets classified as held for sale|||
|Current portion of non-current|||
|liabilities|||
|Other current liabilities|||
|Total current liabilities|1,054,709,112.20|1,194,166,908.60|
|Non-current liabilities:|||
|Insurance contract reserve|||
|Long-term borrowings|||
|Bonds payable|||
|Including: Preferred shares|||
|Perpetual bonds|||
|Lease liabilities|||
|Long-term payables|||
|Long-term payroll payable|||
|Provisions|||
|Deferred income|38,750.37|155,000.31|

Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2019
||||
|-|-|-|
|Deferred income tax liabilities|59,675,597.34|52,530,509.00|
|Other non-current liabilities|||
|Total non-current liabilities|59,714,347.71|52,685,509.31|
|Total liabilities|1,114,423,459.91|1,246,852,417.91|
|Owners’ equity:|||
|Share capital|1,399,346,154.00|1,399,346,154.00|
|Other equity instruments|||
|Including: Preferred shares|||
|Perpetual bonds|||
|Capital reserves|158,608,173.07|158,608,173.07|
|Less: Treasury stock|||
|Other comprehensive income|338,139,699.18|297,667,872.80|
|Specific reserve|||
|Surplus reserves|809,456,186.20|809,456,186.20|
|General reserve|||
|Retained earnings|1,666,599,018.72|1,654,181,032.39|
|Total equity attributable to owners of|||
||4,372,149,231.17|4,319,259,418.46|
|the Company as the parent|||
|Non-controlling interests|26,339,646.24|22,054,862.93|
|Total owners’ equity|4,398,488,877.41|4,341,314,281.39|
|Total liabilities and owners’ equity|5,512,912,337.32|5,588,166,699.30|

 Legal representative: He Yong General manager: Liu Xingming Chief Financial Officer: Tang Qionglan 2. Balance Sheet of the Company as the Parent
Unit: RMB
||||
|-|-|-|
|Item|30 September 2019|31 December 2018|
|Current assets:|||
|Monetary capital|977,640,664.63|848,949,693.91|
|Trading financial assets|||
|Financial assets at fair value through|||
|profit or loss|||
|Derivative financial assets|||
|Notes receivable|112,920,307.14|104,945,398.61|
|Accounts receivable|689,203,898.48|795,897,932.65|

Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2019
||||
|-|-|-|
|Accounts receivable financing|||
|Prepayments|10,690,306.76|25,444,445.34|
|Other receivables|53,009,127.43|43,538,848.72|
|Including: Interest receivable|7,827,159.65|5,152,364.04|
|Dividends receivable|||
|Inventories|575,936,836.56|692,681,479.03|
|Contractual assets|||
|Assets classified as held for sale|||
|Current portion of non-current assets|||
|Other current assets|862,211,256.36|856,504,839.81|
|Total current assets|3,281,612,397.36|3,367,962,638.07|
|Non-current assets:|||
|Investments in debt obligations|||
|Available-for-sale financial assets||897,716,590.20|
|Investments in other debt obligations|||
|Held-to-maturity investments|||
|Long-term receivables|||
|Long-term equity investments|464,006,138.33|466,251,661.95|
|Investments in other equity|||
||939,350,512.41||
|instruments|||
|Other non-current financial assets|||
|Investment property|||
|Fixed assets|520,809,674.90|427,947,613.74|
|Construction in progress|168,539,320.30|222,570,503.14|
|Productive living assets|||
|Oil and gas assets|||
|Right-of-use assets|||
|Intangible assets|126,592,816.10|129,452,067.42|
|R&D expense|||
|Goodwill|||
|Long-term prepaid expense|5,184,296.98|5,106,268.25|
|Deferred income tax assets|31,390,774.48|35,908,741.15|
|Other non-current assets|5,190,287.60|46,852,235.42|
|Total non-current assets|2,261,063,821.10|2,231,805,681.27|

Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2019
||||
|-|-|-|
|Total assets|5,542,676,218.46|5,599,768,319.34|
|Current liabilities:|||
|Short-term borrowings|||
|Trading financial liabilities|2,625,600.00||
|Financial liabilities at fair value|||
|||477,200.00|
|through profit or loss|||
|Derivative financial liabilities|||
|Notes payable|419,896,446.04|452,683,676.97|
|Accounts payable|584,693,750.70|681,490,174.69|
|Advances from customers|48,018,693.90|41,912,301.85|
|Contractual liabilities|||
|Payroll payable|54,090,069.48|84,220,746.16|
|Taxes payable|17,278,471.94|17,528,644.83|
|Other payables|160,789,518.61|114,073,355.23|
|Including: Interest payable|||
|Dividends payable|||
|Liabilities directly associated with|||
|assets classified as held for sale|||
|Current portion of non-current|||
|liabilities|||
|Other current liabilities|||
|Total current liabilities|1,287,392,550.67|1,392,386,099.73|
|Non-current liabilities:|||
|Long-term borrowings|||
|Bonds payable|||
|Including: Preferred shares|||
|Perpetual bonds|||
|Lease liabilities|||
|Long-term payables|||
|Long-term payroll payable|||
|Provisions|||
|Deferred income|||
|Deferred income tax liabilities|59,675,597.34|52,530,509.00|
|Other non-current liabilities|||
|Total non-current liabilities|59,675,597.34|52,530,509.00|

Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2019
||||
|-|-|-|
|Total liabilities|1,347,068,148.01|1,444,916,608.73|
|Owners’ equity:|||
|Share capital|1,399,346,154.00|1,399,346,154.00|
|Other equity instruments|||
|Including: Preferred shares|||
|Perpetual bonds|||
|Capital reserves|166,211,779.15|166,211,779.15|
|Less: Treasury stock|||
|Other comprehensive income|338,161,718.21|297,672,884.34|
|Specific reserve|||
|Surplus reserves|809,456,186.20|809,456,186.20|
|Retained earnings|1,482,432,232.89|1,482,164,706.92|
|Total owners’ equity|4,195,608,070.45|4,154,851,710.61|
|Total liabilities and owners’ equity|5,542,676,218.46|5,599,768,319.34|

 Legal representative: He Yong General manager: Liu Xingming Chief Financial Officer: Tang Qionglan 3. Consolidated Income Statement for Q3
Unit: RMB
||||
|-|-|-|
|Item|Q3 2019|Q3 2018|
|1. Revenue|755,281,612.77|820,735,540.10|
|Including: Operating revenue|755,281,612.77|820,735,540.10|
|Interest income|||
|Premium income|||
|Handling charge and|||
|commission income|||
|2. Operating costs and expenses|691,448,806.54|742,105,730.35|
|Including: Cost of sales|580,798,340.17|619,459,583.91|
|Interest expense|||
|Handling charge and|||
|commission expense|||
|Surrenders|||
|Net claims paid|||
|Net amount provided as|||
|policy reserve|||
|Expenditure on policy|||

Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2019
||||
|-|-|-|
|dividends|||
|Reinsurance premium|||
|expense|||
|Taxes and surcharges|8,935,144.14|7,110,901.52|
|Selling expense|56,301,280.46|67,625,662.29|
|Administrative expense|38,716,494.36|45,731,759.35|
|R&D expense|21,396,838.92|16,316,330.46|
|Finance costs|-14,699,291.51|-14,138,507.18|
|Including: Interest|||
|expense|||
|Interest|||
||5,992,546.47|2,812,177.03|
|income|||
|Add: Other income|1,141,840.25|26,312,578.09|
|Investment income (“-” for loss)|11,278,789.23|25,411,137.34|
|Including: Share of profit or loss|||
||90,350.15|6,335,680.97|
|of joint ventures and associates|||
|Derecognition income of financial|||
|assets measured at amortized cost|||
|Foreign exchange gain (“-” for|||
|loss)|||
|Net gain on exposure hedges (“-”|||
|for loss)|||
|Gain on changes in fair value (“-”|||
||-1,152,200.00|-4,819,200.00|
|for loss)|||
|Credit impairment loss (“-” for|||
||2,786,071.54||
|loss)|||
|Asset impairment loss (“-” for loss)|82,041.70|-15,320,954.56|
|Asset disposal income (“-” for|||
|||-78,039.44|
|loss)|||
|3. Operating profit (“-” for loss)|77,969,348.95|110,135,331.18|
|Add: Non-operating income|730,448.59|370,428.32|
|Less: Non-operating expense|2,202,281.98|692,442.51|
|4. Profit before tax (“-” for loss)|76,497,515.56|109,813,316.99|
|Less: Income tax expense|11,345,388.86|15,486,002.15|
|5. Net profit (“-” for net loss)|65,152,126.70|94,327,314.84|
|5.1 By operating continuity|||
|5.1.1 Net profit from continuing|||
||65,152,126.70|94,327,314.84|
|operations (“-” for net loss)|||

Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2019
||||
|-|-|-|
|5.1.2 Net profit from discontinued|||
|operations (“-” for net loss)|||
|5.2 By ownership|||
|5.2.1 Net profit attributable to|||
||63,440,260.60|94,389,387.69|
|owners of the Company as the parent|||
|5.2.2 Net profit attributable to|||
||1,711,866.10|-62,072.85|
|non-controlling interests|||
|6. Other comprehensive income, net of|||
||-21,164,061.27|-10,352,713.29|
|tax|||
|Attributable to owners of the Company|||
||-21,164,061.27|-10,352,713.29|
|as the parent|||
|6.1 Items that will not be|||
||-21,132,875.94||
|reclassified to profit or loss|||
|6.1.1 Changes caused by|||
|remeasurements on defined benefit|||
|pension schemes|||
|6.1.2 Other comprehensive|||
|income that will not be reclassified to|||
|profit or loss under the equity method|||
|6.1.3 Changes in the fair value of|||
||-21,132,875.94||
|investments in other equity instruments|||
|6.1.4 Changes in the fair value of|||
|the company’s credit risks|||
|6.1.5 Other|||
|6.2 Items that will be reclassified to|||
||-31,185.33|-10,352,713.29|
|profit or loss|||
|6.2.1 Other comprehensive|||
|income that will be reclassified to profit|||
|or loss under the equity method|||
|6.2.2 Changes in the fair value of|||
|investments in other debt obligations|||
|6.2.3 Gain/Loss on changes in the|||
|fair value of available-for-sale financial||-10,354,561.67|
|assets|||
|6.2.4 Other comprehensive|||
|income arising from the reclassification|||
|of financial assets|||
|6.2.5 Gain/Loss arising from the|||
|reclassification of held-to-maturity|||
|investments to available-for-sale financial|||
|assets|||
|6.2.6 Allowance for credit|||
|impairments in investments in other debt|||

Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2019
||||
|-|-|-|
|obligations|||
|6.2.7 Reserve for cash flow|||
|hedges|||
|6.2.8 Differences arising from the|||
|translation of foreign|||
||-31,185.33|1,848.38|
|currency-denominated financial|||
|statements|||
|6.2.9 Other|||
|Attributable to non-controlling|||
|interests|||
|7. Total comprehensive income|43,988,065.43|83,974,601.55|
|Attributable to owners of the Company|||
||42,276,199.33|84,036,674.40|
|as the parent|||
|Attributable to non-controlling|||
||1,711,866.10|-62,072.85|
|interests|||
|8. Earnings per share|||
|8.1 Basic earnings per share|0.0453|0.0675|
|8.2 Diluted earnings per share|0.0453|0.0675|

 Where business combinations under common control occurred in the current period, the net profit achieved by the acquirees before the combinations was RMB0.00, with the amount for the same period of last year being RMB0.00.
Legal representative: He Yong General manager: Liu Xingming Chief Financial Officer: Tang Qionglan 4. Income Statement of the Company as the Parent for Q3
Unit: RMB
||||
|-|-|-|
|Item|Q3 2019|Q3 2018|
|1. Operating revenue|740,099,125.98|806,761,538.76|
|Less: Cost of sales|584,073,731.53|629,785,452.97|
|Taxes and surcharges|7,830,107.52|4,807,080.85|
|Selling expense|51,020,010.55|59,544,684.51|
|Administrative expense|33,727,059.40|42,369,376.35|
|R&D expense|19,137,384.89|15,372,638.99|
|Finance costs|-14,606,198.25|-13,703,097.66|
|Including: Interest expense|||
|Interest income|5,888,747.23|2,367,541.27|
|Add: Other income|1,003,660.25|24,812,879.00|
|Investment income (“-” for loss)|11,278,789.23|57,357,355.93|
|Including: Share of profit or|90,350.15|6,335,680.97|

Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2019
||||
|-|-|-|
|loss of joint ventures and associates|||
|Derecognition income of|||
|financial assets measured at amortized|||
|cost|||
|Net gain on exposure hedges (“-”|||
|for loss)|||
|Gain on changes in fair value (“-”|||
||-1,152,200.00|-4,819,200.00|
|for loss)|||
|Credit impairment loss (“-” for|||
||2,533,358.60||
|loss)|||
|Asset impairment loss (“-” for|||
||82,041.70|-15,359,989.07|
|loss)|||
|Asset disposal income (“-” for|||
|loss)|||
|2. Operating profit (“-” for loss)|72,662,680.12|130,576,448.61|
|Add: Non-operating income|674,724.20|330,267.62|
|Less: Non-operating expense|2,202,281.98|192,865.77|
|3. Profit before tax (“-” for loss)|71,135,122.34|130,713,850.46|
|Less: Income tax expense|9,973,689.36|12,679,416.15|
|4. Net profit (“-” for net loss)|61,161,432.98|118,034,434.31|
|4.1 Net profit from continuing|||
||61,161,432.98|118,034,434.31|
|operations (“-” for net loss)|||
|4.2 Net profit from discontinued|||
|operations (“-” for net loss)|||
|5. Other comprehensive income, net of|||
||-21,132,875.94|-10,354,561.67|
|tax|||
|5.1 Items that will not be reclassified|||
||-21,132,875.94||
|to profit or loss|||
|5.1.1 Changes in net liabilities or|||
|assets caused by remeasurements on|||
|defined benefit pension schemes|||
|5.1.2 Share of other|||
|comprehensive income of investees that|||
|will not be reclassified to profit or loss|||
|under equity method|||
|5.1.3 Changes in the fair value of|||
||-21,132,875.94||
|investments in other equity instruments|||
|5.1.4 Changes in the fair value of|||
|the company’s credit risks|||
|5.1.5 Other|||

Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2019
||||
|-|-|-|
|5.2 Items that will be reclassified to|||
|||-10,354,561.67|
|profit or loss|||
|5.2.1 Other comprehensive income|||
|that will be reclassified to profit or loss|||
|under the equity method|||
|5.2.2 Changes in the fair value of|||
|investments in other debt obligations|||
|5.2.3 Gain/Loss on changes in the|||
|fair value of available-for-sale financial||-10,354,561.67|
|assets|||
|5.2.4 Other comprehensive income|||
|arising from the reclassification of|||
|financial assets|||
|5.2.5 Gain/Loss arising from the|||
|reclassification of held-to-maturity|||
|investments to available-for-sale|||
|financial assets|||
|5.2.6 Allowance for credit|||
|impairments in investments in other|||
|debt obligations|||
|5.2.7 Reserve for cash flow hedges|||
|5.2.8 Differences arising from the|||
|translation of foreign|||
|currency-denominated financial|||
|statements|||
|5.2.9 Other|||
|6. Total comprehensive income|40,028,557.04|107,679,872.64|
|7. Earnings per share|||
|7.1 Basic earnings per share|||
|7.2 Diluted earnings per share|||

Legal representative: He Yong General manager: Liu Xingming Chief Financial Officer: Tang Qionglan 5. Consolidated Income Statement forQ1~Q3
Unit: RMB
||||
|-|-|-|
|Item|Q1~Q3 2019|Q1~Q3 2018|
|1. Revenue|2,442,466,273.63|2,885,514,830.09|
|Including: Operating revenue|2,442,466,273.63|2,885,514,830.09|
|Interest income|||
|Premium income|||

Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2019
||||
|-|-|-|
|Handling charge and|||
|commission income|||
|2. Operating costs and expenses|2,220,522,130.06|2,538,665,681.86|
|Including: Cost of sales|1,878,135,053.94|2,198,751,451.80|
|Interest expense|||
|Handling charge and|||
|commission expense|||
|Surrenders|||
|Net claims paid|||
|Net amount provided as|||
|policy reserve|||
|Expenditure on policy|||
|dividends|||
|Reinsurance premium|||
|expense|||
|Taxes and surcharges|29,771,412.88|29,073,419.76|
|Selling expense|179,711,846.84|171,542,672.76|
|Administrative expense|106,253,674.05|131,262,298.09|
|R&D expense|51,257,471.53|35,259,823.24|
|Finance costs|-24,607,329.18|-27,223,983.79|
|Including: Interest|||
|expense|||
|Interest|||
||16,370,875.76|7,691,616.90|
|income|||
|Add: Other income|6,665,710.25|27,330,963.26|
|Investment income (“-” for loss)|55,118,448.97|49,921,007.70|
|Including: Share of profit or loss|||
||875,062.13|6,515,462.53|
|of joint ventures and associates|||
|Derecognition income of financial|||
|assets measured at amortized cost|||
|Foreign exchange gain (“-” for|||
|loss)|||
|Net gain on exposure hedges (“-”|||
|for loss)|||
|Gain on changes in fair value (“-”|||
||-2,148,400.00|-4,819,200.00|
|for loss)|||
|Credit impairment loss (“-” for|||
||1,749,099.60||
|loss)|||
|Asset impairment loss (“-” for loss)|-12,157,202.51|-31,327,824.39|

Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2019
||||
|-|-|-|
|Asset disposal income (“-” for|||
|||-78,039.44|
|loss)|||
|3. Operating profit (“-” for loss)|271,171,799.88|387,876,055.36|
|Add: Non-operating income|2,672,321.16|2,040,284.75|
|Less: Non-operating expense|2,680,673.95|884,191.93|
|4. Profit before tax (“-” for loss)|271,163,447.09|389,032,148.18|
|Less: Income tax expense|38,512,677.43|62,530,147.85|
|5. Net profit (“-” for net loss)|232,650,769.66|326,502,000.33|
|5.1 By operating continuity|||
|5.1.1 Net profit from continuing|||
||232,650,769.66|326,502,000.33|
|operations (“-” for net loss)|||
|5.1.2 Net profit from discontinued|||
|operations (“-” for net loss)|||
|5.2 By ownership|||
|5.2.1 Net profit attributable to|||
||230,715,986.35|323,666,843.51|
|owners of the Company as the parent|||
|5.2.2 Net profit attributable to|||
||1,934,783.31|2,835,156.82|
|non-controlling interests|||
|6. Other comprehensive income, net of|||
||40,471,826.38|-333,328,064.68|
|tax|||
|Attributable to owners of the Company|||
||40,471,826.38|-333,328,064.68|
|as the parent|||
|6.1 Items that will not be|||
||40,488,833.87||
|reclassified to profit or loss|||
|6.1.1 Changes caused by|||
|remeasurements on defined benefit|||
|pension schemes|||
|6.1.2 Other comprehensive|||
|income that will not be reclassified to|||
|profit or loss under the equity method|||
|6.1.3 Changes in the fair value of|||
||40,488,833.87||
|investments in other equity instruments|||
|6.1.4 Changes in the fair value of|||
|the company’s credit risks|||
|6.1.5 Other|||
|6.2 Items that will be reclassified to|||
||-17,007.49|-333,328,064.68|
|profit or loss|||
|6.2.1 Other comprehensive|||
|income that will be reclassified to profit|||
|or loss under the equity method|||

Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2019
||||
|-|-|-|
|6.2.2 Changes in the fair value of|||
|investments in other debt obligations|||
|6.2.3 Gain/Loss on changes in the|||
|fair value of available-for-sale financial||-333,327,471.37|
|assets|||
|6.2.4 Other comprehensive|||
|income arising from the reclassification|||
|of financial assets|||
|6.2.5 Gain/Loss arising from the|||
|reclassification of held-to-maturity|||
|investments to available-for-sale financial|||
|assets|||
|6.2.6 Allowance for credit|||
|impairments in investments in other debt|||
|obligations|||
|6.2.7 Reserve for cash flow|||
|hedges|||
|6.2.8 Differences arising from the|||
|translation of foreign|||
||-17,007.49|-593.31|
|currency-denominated financial|||
|statements|||
|6.2.9 Other|||
|Attributable to non-controlling|||
|interests|||
|7. Total comprehensive income|273,122,596.04|-6,826,064.35|
|Attributable to owners of the Company|||
||271,187,812.73|-9,661,221.17|
|as the parent|||
|Attributable to non-controlling|||
||1,934,783.31|2,835,156.82|
|interests|||
|8. Earnings per share|||
|8.1 Basic earnings per share|0.1649|0.2313|
|8.2 Diluted earnings per share|0.1649|0.2313|

 Where business combinations under common control occurred in the current period, the net profit achieved by the acquirees before the combinations was RMB0.00, with the amount for the same period of last year being RMB0.00.
Legal representative: He Yong General manager: Liu Xingming Chief Financial Officer: Tang Qionglan 6. Income Statement of the Company as the Parent forQ1~Q3
Unit: RMB
||||
|-|-|-|
|Item|Q1~Q3 2019|Q1~Q3 2018|
|1. Operating revenue|2,375,758,293.94|2,811,049,983.52|

Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2019
||||
|-|-|-|
|Less: Cost of sales|1,868,485,313.34|2,217,179,773.50|
|Taxes and surcharges|25,780,092.13|22,021,486.96|
|Selling expense|165,043,294.64|150,661,877.23|
|Administrative expense|92,197,397.18|119,997,288.25|
|R&D expense|47,267,023.97|33,985,885.56|
|Finance costs|-24,277,401.37|-26,358,156.78|
|Including: Interest expense|||
|Interest income|16,013,181.20|6,799,775.32|
|Add: Other income|6,327,530.25|25,374,222.06|
|Investment income (“-” for loss)|55,448,677.17|78,395,196.25|
|Including: Share of profit or|||
||875,062.13|6,515,462.53|
|loss of joint ventures and associates|||
|Derecognition income of|||
|financial assets measured at amortized|||
|cost|||
|Net gain on exposure hedges (“-”|||
|for loss)|||
|Gain on changes in fair value (“-”|||
||-2,148,400.00|-4,819,200.00|
|for loss)|||
|Credit impairment loss (“-” for|||
||2,434,197.31||
|loss)|||
|Asset impairment loss (“-” for|||
||-11,722,378.21|-30,584,644.12|
|loss)|||
|Asset disposal income (“-” for|||
|loss)|||
|2. Operating profit (“-” for loss)|251,602,200.57|361,927,402.99|
|Add: Non-operating income|2,423,216.08|1,902,719.21|
|Less: Non-operating expense|2,590,176.44|356,969.86|
|3. Profit before tax (“-” for loss)|251,435,240.21|363,473,152.34|
|Less: Income tax expense|32,869,714.22|45,627,355.24|
|4. Net profit (“-” for net loss)|218,565,525.99|317,845,797.10|
|4.1 Net profit from continuing|||
||218,565,525.99|317,845,797.10|
|operations (“-” for net loss)|||
|4.2 Net profit from discontinued|||
|operations (“-” for net loss)|||
|5. Other comprehensive income, net of|||
||40,488,833.87|-333,327,471.37|
|tax|||

Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2019
||||
|-|-|-|
|5.1 Items that will not be reclassified|||
||40,488,833.87||
|to profit or loss|||
|5.1.1 Changes caused by|||
|remeasurements on defined benefit|||
|pension schemes|||
|5.1.2 Other comprehensive income|||
|that will not be reclassified to profit or|||
|loss under the equity method|||
|5.1.3 Changes in the fair value of|||
||40,488,833.87||
|investments in other equity instruments|||
|5.1.4 Changes in the fair value of|||
|the company’s credit risks|||
|5.1.5 Other|||
|5.2 Items that will be reclassified to|||
|||-333,327,471.37|
|profit or loss|||
|5.2.1 Other comprehensive income|||
|that will be reclassified to profit or loss|||
|under the equity method|||
|5.2.2 Changes in the fair value of|||
|investments in other debt obligations|||
|5.2.3 Gain/Loss on changes in the|||
|fair value of available-for-sale financial||-333,327,471.37|
|assets|||
|5.2.4 Other comprehensive income|||
|arising from the reclassification of|||
|financial assets|||
|5.2.5 Gain/Loss arising from the|||
|reclassification of held-to-maturity|||
|investments to available-for-sale|||
|financial assets|||
|5.2.6 Allowance for credit|||
|impairments in investments in other|||
|debt obligations|||
|5.2.7 Reserve for cash flow hedges|||
|5.2.8 Differences arising from the|||
|translation of foreign|||
|currency-denominated financial|||
|statements|||
|5.2.9 Other|||
|6. Total comprehensive income|259,054,359.86|-15,481,674.27|
|7. Earnings per share|||
|7.1 Basic earnings per share|||

Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2019
||
|-|
|7.2 Diluted earnings per share|

Legal representative: He Yong General manager: Liu Xingming Chief Financial Officer: Tang Qionglan 7. Consolidated Cash Flow Statement forQ1~Q3
Unit: RMB
||||
|-|-|-|
|Item|Q1~Q3 2019|Q1~Q3 2018|
|1. Cash flows from operating activities:|||
|Proceeds from sale of commodities|||
||2,592,925,263.78|2,646,375,234.95|
|and rendering of services|||
|Net increase in customer deposits and|||
|interbank deposits|||
|Net increase in borrowings from|||
|central bank|||
|Net increase in loans from other|||
|financial institutions|||
|Premiums received on original|||
|insurance contracts|||
|Net proceeds from reinsurance|||
|Net increase in deposits and|||
|investments of policy holders|||
|Interest, handling charges and|||
|commissions received|||
|Net increase in interbank loans|||
|obtained|||
|Net increase in proceeds from|||
|repurchase transactions|||
|Net proceeds from acting trading of|||
|securities|||
|Tax rebates|76,915,672.88|109,951,990.96|
|Cash generated from other operating|||
||101,313,019.67|71,257,187.00|
|activities|||
|Subtotal of cash generated from|||
||2,771,153,956.33|2,827,584,412.91|
|operating activities|||
|Payments for commodities and|||
||1,641,623,556.46|1,462,982,460.41|
|services|||
|Net increase in loans and advances to|||
|customers|||
|Net increase in deposits in central|||
|bank and in interbank loans granted|||
|Payments for claims on original|||

Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2019
||||
|-|-|-|
|insurance contracts|||
|Net increase in interbank loans|||
|granted|||
|Interest, handling charges and|||
|commissions paid|||
|Policy dividends paid|||
|Cash paid to and for employees|472,172,124.51|501,231,015.45|
|Taxes paid|145,610,049.05|195,992,337.25|
|Cash used in other operating|||
||175,801,004.61|156,937,503.52|
|activities|||
|Subtotal of cash used in operating|||
||2,435,206,734.63|2,317,143,316.63|
|activities|||
|Net cash generated from/used in|||
||335,947,221.70|510,441,096.28|
|operating activities|||
|2. Cash flows from investing activities:|||
|Proceeds from disinvestment|21,000,000.00|160,000,000.00|
|Investment income|60,410,002.14|45,348,316.28|
|Net proceeds from disposal of fixed|||
|assets, intangible assets and other|40,834.00|507,597.20|
|long-lived assets|||
|Net proceeds from disposal of|||
|subsidiaries or other business units|||
|Cash generated from other investing|||
|activities|||
|Subtotal of cash generated from|||
||81,450,836.14|205,855,913.48|
|investing activities|||
|Payments for acquisition of fixed|||
|assets, intangible assets and other|33,495,022.79|136,815,616.01|
|long-lived assets|||
|Payments for investments|||
|Net increase in pledged loans granted|||
|Net payments for acquisition of|||
|subsidiaries and other business units|||
|Cash used in other investing|||
|||89,951,527.02|
|activities|||
|Subtotal of cash used in investing|||
||33,495,022.79|226,767,143.03|
|activities|||
|Net cash generated from/used in|||
||47,955,813.35|-20,911,229.55|
|investing activities|||
|3. Cash flows from financing activities:|||
|Capital contributions received|2,350,000.00||

Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2019
||||
|-|-|-|
|Including: Capital contributions by|||
||2,350,000.00||
|non-controlling interests to subsidiaries|||
|Increase in borrowings obtained|||
|Cash generated from other financing|||
|activities|||
|Subtotal of cash generated from|||
||2,350,000.00||
|financing activities|||
|Repayment of borrowings|||
|Payments for interest and dividends|218,298,000.02|405,163,764.00|
|Including: Dividends paid by|||
|subsidiaries to non-controlling interests|||
|Cash used in other financing|||
|activities|||
|Subtotal of cash used in financing|||
||218,298,000.02|405,163,764.00|
|activities|||
|Net cash generated from/used in|||
||-215,948,000.02|-405,163,764.00|
|financing activities|||
|4. Effect of foreign exchange rate|||
||531,705.94|5,036,692.65|
|changes on cash and cash equivalents|||
|5. Net increase in cash and cash|||
||168,486,740.97|89,402,795.38|
|equivalents|||
|Add: Cash and cash equivalents,|||
||795,285,756.38|570,184,208.96|
|beginning of the period|||
|6. Cash and cash equivalents, end of the|||
||963,772,497.35|659,587,004.34|
|period|||

Legal representative: He Yong General manager: Liu Xingming Chief Financial Officer: Tang Qionglan 8. Cash Flow Statement of the Company as the Parent forQ1~Q3
Unit: RMB
||||
|-|-|-|
|Item|Q1~Q3 2019|Q1~Q3 2018|
|1. Cash flows from operating activities:|||
|Proceeds from sale of commodities|||
||2,496,081,015.34|2,555,607,130.21|
|and rendering of services|||
|Tax rebates|76,904,234.22|109,928,355.77|
|Cash generated from other operating|||
||87,466,294.97|57,831,655.01|
|activities|||
|Subtotal of cash generated from|||
||2,660,451,544.53|2,723,367,140.99|
|operating activities|||

Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2019
||||
|-|-|-|
|Payments for commodities and|||
||1,712,948,237.15|1,638,169,956.39|
|services|||
|Cash paid to and for employees|357,209,702.93|311,008,108.99|
|Taxes paid|109,330,385.86|124,616,603.82|
|Cash used in other operating|||
||158,745,798.35|141,247,884.47|
|activities|||
|Subtotal of cash used in operating|||
||2,338,234,124.29|2,215,042,553.67|
|activities|||
|Net cash generated from/used in|||
||322,217,420.24|508,324,587.32|
|operating activities|||
|2. Cash flows from investing activities:|||
|Proceeds from disinvestment|21,000,000.00|140,000,000.00|
|Investment income|60,740,230.34|73,422,562.27|
|Net proceeds from disposal of fixed|||
|assets, intangible assets and other|40,330.00||
|long-lived assets|||
|Net proceeds from disposal of|||
|subsidiaries or other business units|||
|Cash generated from other investing|||
|activities|||
|Subtotal of cash generated from|||
||81,780,560.34|213,422,562.27|
|investing activities|||
|Payments for acquisition of fixed|||
|assets, intangible assets and other|31,023,609.46|129,942,619.86|
|long-lived assets|||
|Payments for investments|||
|Net payments for acquisition of|||
|subsidiaries and other business units|||
|Cash used in other investing|||
|||89,951,527.02|
|activities|||
|Subtotal of cash used in investing|||
||31,023,609.46|219,894,146.88|
|activities|||
|Net cash generated from/used in|||
||50,756,950.88|-6,471,584.61|
|investing activities|||
|3. Cash flows from financing activities:|||
|Capital contributions received|||
|Increase in borrowings obtained|||
|Cash generated from other financing|||
|activities|||
|Subtotal of cash generated from|||
|financing activities|||

Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2019
||||
|-|-|-|
|Repayment of borrowings|||
|Payments for interest and dividends|218,298,000.02|405,163,764.00|
|Cash used in other financing|||
|activities|||
|Sub-total of cash used in financing|||
||218,298,000.02|405,163,764.00|
|activities|||
|Net cash generated from/used in|||
||-218,298,000.02|-405,163,764.00|
|financing activities|||
|4. Effect of foreign exchange rate|||
||522,595.23|5,004,415.19|
|changes on cash and cash equivalents|||
|5. Net increase in cash and cash|||
||155,198,966.33|101,693,653.90|
|equivalents|||
|Add: Cash and cash equivalents,|||
||747,588,730.42|502,169,100.40|
|beginning of the period|||
|6. Cash and cash equivalents, end of the|||
||902,787,696.75|603,862,754.30|
|period|||

Legal representative: He Yong General manager: Liu Xingming Chief Financial Officer: Tang Qionglan II Adjustments to the Financial Statements
1. Adjustments to the Financial Statements at the Beginning of the Execution of any New Standards Governing Financial Instruments, Revenue or Leases from 2019
√ Applicable□ Not applicable
Consolidated balance sheet
Unit: RMB
|||||
|-|-|-|-|
|Item|31 December 2018|1 January 2019|Adjustment|
|Current assets:||||
|Monetary capital|896,646,719.87|896,646,719.87||
|Settlement reserve||||
|Interbank loans granted||||
|Trading financial assets||6,000,000.00|6,000,000.00|
|Financial assets at fair||||
|value through profit or loss||||
|Derivative financial assets||||
|Notes receivable|107,506,613.50|107,506,613.50||
|Accounts receivable|834,420,596.05|834,420,596.05||
|Accounts receivable||||

Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2019
|||||
|-|-|-|-|
|financing||||
|Prepayments|13,811,905.18|13,811,905.18||
|Premiums receivable||||
|Reinsurance receivables||||
|Receivable reinsurance||||
|contract reserve||||
|Other receivables|21,745,690.53|21,745,690.53||
|Including: Interest|5,152,364.04|||
|||5,152,364.04||
|receivable||||
|Dividends||||
|receivable||||
|Financial assets purchased||||
|under resale agreements||||
|Inventories|767,319,599.00|767,319,599.00||
|Contractual assets||||
|Assets classified as held||||
|for sale||||
|Current portion of||||
|non-current assets||||
|Other current assets|864,093,663.30|864,093,663.30||
|Total current assets|3,505,544,787.43|3,511,544,787.43|6,000,000.00|
|Non-current assets:||||
|Loans and advances to||||
|customers||||
|Investments in debt||||
|obligations||||
|Available-for-sale financial|897,716,590.20|||
||||-897,716,590.20|
|assets||||
|Investments in other debt||||
|obligations||||
|Held-to-maturity||||
|investments||||
|Long-term receivables||||
|Long-term equity|182,458,559.69|||
|||182,458,559.69||
|investments||||
|Investments in other equity||||
|||891,716,590.20|891,716,590.20|
|instruments||||
|Other non-current financial||||
|assets||||

Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2019
|||||
|-|-|-|-|
|Investment property||||
|Fixed assets|512,106,912.39|512,106,912.39||
|Construction in progress|224,624,447.16|224,624,447.16||
|Productive living assets||||
|Oil and gas assets||||
|Right-of-use assets||||
|Intangible assets|172,725,277.21|172,725,277.21||
|R&D expense||||
|Goodwill||||
|Long-term prepaid|6,852,985.35|||
|||6,852,985.35||
|expense||||
|Deferred income tax assets|37,831,704.45|37,831,704.45||
|Other non-current assets|48,305,435.42|48,305,435.42||
|Total non-current assets|2,082,621,911.87|2,076,621,911.87|-6,000,000.00|
|Total assets|5,588,166,699.30|5,588,166,699.30||
|Current liabilities:||||
|Short-term borrowings||||
|Borrowings from central||||
|bank||||
|Interbank loans obtained||||
|Trading financial liabilities||477,200.00|477,200.00|
|Financial liabilities at fair|477,200.00|||
||||-477,200.00|
|value through profit or loss||||
|Derivative financial||||
|liabilities||||
|Notes payable|452,683,676.97|452,683,676.97||
|Accounts payable|532,597,143.95|532,597,143.95||
|Advances from customers|43,850,788.04|43,850,788.04||
|Contractual liabilities||||
|Financial assets sold under||||
|repurchase agreements||||
|Customer deposits and||||
|interbank deposits||||
|Payables for acting trading||||
|of securities||||
|Payables for underwriting||||
|of securities||||
|Payroll payable|96,088,621.59|96,088,621.59||

Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2019
||||
|-|-|-|
|Taxes payable|25,354,466.37|25,354,466.37|
|Other payables|43,115,011.68|43,115,011.68|
|Including: Interest|||
|payable|||
|Dividends|||
|payable|||
|Handling charges and|||
|commissions payable|||
|Reinsurance payables|||
|Liabilities directly|||
|associated with assets|||
|classified as held for sale|||
|Current portion of|||
|non-current liabilities|||
|Other current liabilities|||
|Total current liabilities|1,194,166,908.60|1,194,166,908.60|
|Non-current liabilities:|||
|Insurance contract reserve|||
|Long-term borrowings|||
|Bonds payable|||
|Including: Preferred|||
|shares|||
|Perpetual|||
|bonds|||
|Lease liabilities|||
|Long-term payables|||
|Long-term payroll payable|||
|Provisions|||
|Deferred income|155,000.31|155,000.31|
|Deferred income tax|52,530,509.00||
|||52,530,509.00|
|liabilities|||
|Other non-current|||
|liabilities|||
|Total non-current liabilities|52,685,509.31|52,685,509.31|
|Total liabilities|1,246,852,417.91|1,246,852,417.91|
|Owners’ equity:|||
|Share capital|1,399,346,154.00|1,399,346,154.00|
|Other equity instruments|||

Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2019
||||
|-|-|-|
|Including: Preferred|||
|shares|||
|Perpetual|||
|bonds|||
|Capital reserves|158,608,173.07|158,608,173.07|
|Less: Treasury stock|||
|Other comprehensive|297,667,872.80||
|||297,667,872.80|
|income|||
|Specific reserve|||
|Surplus reserves|809,456,186.20|809,456,186.20|
|General reserve|||
|Retained earnings|1,654,181,032.39|1,654,181,032.39|
|Total equity attributable to|4,319,259,418.46||
|owners of the Company as||4,319,259,418.46|
|the parent|||
|Non-controlling interests|22,054,862.93|22,054,862.93|
|Total owners’ equity|4,341,314,281.39|4,341,314,281.39|
|Total liabilities and owners’|5,588,166,699.30||
|||5,588,166,699.30|
|equity|||

Notes to the adjustment
The Ministry of Finance enacted the revised Accounting Standards for Business Enterprises No. 22-Recognition and Measurement of Financial Instruments (CK[2017] No. 7), Accounting Standards for Business Enterprises No. 23-Transfer of Financial Assets (CK[2017] No. 8), Accounting Standards for Business Enterprises No. 24-Hedge Accounting (CK[2017] No. 9) and Accounting Standards for Business Enterprises No. 37-Presentation of Financial Instruments (CK[2017] No. 14) in 2017. The Company starts to carry out above new financial accounting standards since 1 January 2019. In line with the convergence regulation, the information of comparative period is unnecessary to be adjusted and for the difference with former standards when the new standards are carried out on the first day, the beginning retained earnings and other comprehensive income for the Reporting Period shall be retroactively adjusted.
Those originally recorded into “available-for-sale financial assets” are currently recorded into “trading financial assets” and “investments in other equity instruments”; those originally recorded into “Financial liabilities at fair value through profit or loss” are currently recorded into “trading financial liabilities”.
Balance sheet of the Company as the parent
Unit: RMB
|||||
|-|-|-|-|
|Item|31 December 2018|1 January 2019|Adjustment|
|Current assets:||||
|Monetary capital|848,949,693.91|848,949,693.91||
|Trading financial assets||6,000,000.00|6,000,000.00|
|Financial assets at fair||||
|value through profit or loss||||

Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2019
|||||
|-|-|-|-|
|Derivative financial assets||||
|Notes receivable|104,945,398.61|104,945,398.61||
|Accounts receivable|795,897,932.65|795,897,932.65||
|Accounts receivable||||
|financing||||
|Prepayments|25,444,445.34|25,444,445.34||
|Other receivables|43,538,848.72|43,538,848.72||
|Including: Interest|5,152,364.04|||
|||5,152,364.04||
|receivable||||
|Dividends||||
|receivable||||
|Inventories|692,681,479.03|692,681,479.03||
|Contractual assets||||
|Assets classified as held||||
|for sale||||
|Current portion of||||
|non-current assets||||
|Other current assets|856,504,839.81|856,504,839.81||
|Total current assets|3,367,962,638.07|3,373,962,638.07|6,000,000.00|
|Non-current assets:||||
|Investments in debt||||
|obligations||||
|Available-for-sale financial|897,716,590.20|||
||||-897,716,590.20|
|assets||||
|Investments in other debt||||
|obligations||||
|Held-to-maturity||||
|investments||||
|Long-term receivables||||
|Long-term equity|466,251,661.95|||
|||466,251,661.95||
|investments||||
|Investments in other equity||||
|||891,716,590.20|891,716,590.20|
|instruments||||
|Other non-current financial||||
|assets||||
|Investment property||||
|Fixed assets|427,947,613.74|427,947,613.74||
|Construction in progress|222,570,503.14|222,570,503.14||

Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2019
|||||
|-|-|-|-|
|Productive living assets||||
|Oil and gas assets||||
|Right-of-use assets||||
|Intangible assets|129,452,067.42|129,452,067.42||
|R&D expense||||
|Goodwill||||
|Long-term prepaid|5,106,268.25|||
|||5,106,268.25||
|expense||||
|Deferred income tax assets|35,908,741.15|35,908,741.15||
|Other non-current assets|46,852,235.42|46,852,235.42||
|Total non-current assets|2,231,805,681.27|2,225,805,681.27|-6,000,000.00|
|Total assets|5,599,768,319.34|5,599,768,319.34||
|Current liabilities:||||
|Short-term borrowings||||
|Trading financial liabilities||477,200.00|477,200.00|
|Financial liabilities at fair|477,200.00|||
||||-477,200.00|
|value through profit or loss||||
|Derivative financial||||
|liabilities||||
|Notes payable|452,683,676.97|452,683,676.97||
|Accounts payable|681,490,174.69|681,490,174.69||
|Advances from customers|41,912,301.85|41,912,301.85||
|Contractual liabilities||||
|Payroll payable|84,220,746.16|84,220,746.16||
|Taxes payable|17,528,644.83|17,528,644.83||
|Other payables|114,073,355.23|114,073,355.23||
|Including: Interest||||
|payable||||
|Dividends||||
|payable||||
|Liabilities directly||||
|associated with assets||||
|classified as held for sale||||
|Current portion of||||
|non-current liabilities||||
|Other current liabilities||||
|Total current liabilities|1,392,386,099.73|1,392,386,099.73||

Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2019
||||
|-|-|-|
|Non-current liabilities:|||
|Long-term borrowings|||
|Bonds payable|||
|Including: Preferred|||
|shares|||
|Perpetual|||
|bonds|||
|Lease liabilities|||
|Long-term payables|||
|Long-term payroll payable|||
|Provisions|||
|Deferred income|||
|Deferred income tax|52,530,509.00||
|||52,530,509.00|
|liabilities|||
|Other non-current|||
|liabilities|||
|Total non-current liabilities|52,530,509.00|52,530,509.00|
|Total liabilities|1,444,916,608.73|1,444,916,608.73|
|Owners’ equity:|||
|Share capital|1,399,346,154.00|1,399,346,154.00|
|Other equity instruments|||
|Including: Preferred|||
|shares|||
|Perpetual|||
|bonds|||
|Capital reserves|166,211,779.15|166,211,779.15|
|Less: Treasury stock|||
|Other comprehensive|297,672,884.34||
|||297,672,884.34|
|income|||
|Specific reserve|||
|Surplus reserves|809,456,186.20|809,456,186.20|
|Retained earnings|1,482,164,706.92|1,482,164,706.92|
|Total owners’ equity|4,154,851,710.61|4,154,851,710.61|
|Total liabilities and owners’|5,599,768,319.34||
|||5,599,768,319.34|
|equity|||

Notes to the adjustment
The Ministry of Finance enacted the revised Accounting Standards for Business Enterprises No. 22-Recognition and Measurement of
Financial Instruments (CK[2017] No. 7), Accounting Standards for Business Enterprises No. 23-Transfer of Financial Assets (CK
[2017] No. 8), Accounting Standards for Business Enterprises No. 24-Hedge Accounting (CK[2017] No. 9) and Accounting
Foshan Electrical and Lighting Co., Ltd. Third Quarter Report 2019 Standards for Business Enterprises No. 37-Presentation of Financial Instruments (CK[2017] No. 14) in 2017. The Company starts to carry out above new financial accounting standards since 1 January 2019. In line with the convergence regulation, the information of comparative period is unnecessary to be adjusted and for the difference with former standards when the new standards are carried out on the first day, the beginning retained earnings and other comprehensive income for the Reporting Period shall be retroactively adjusted.
Those originally recorded into “available-for-sale financial assets” are currently recorded into “trading financial assets” and “investments in other equity instruments”; those originally recorded into “Financial liabilities at fair value through profit or loss” are currently recorded into “trading financial liabilities”.
2. Retrospective Restatement of Previous Comparative Data due to the Execution of any New Standards Governing Financial Instruments or Leases from 2019
□ Applicable√ Not applicable
III IndependentAuditor’s Report
Indicate by tick mark whether the financial statements above have been audited by an independent auditor.□Yes√ No
These financial statements have not been audited by such an auditor.
The Board of Directors Foshan Electrical and Lighting Co., Ltd. 29 October 2019