2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. FOSHAN ELECTRICAL AND LIGHTING CO., LTD. 2014 Semi-annual Report
August 2014
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. Section I. Important Reminders, Contents& Explanation
The Board of Directors, the Supervisory Committee as well as all directors, supervisors and senior management staff of Foshan Electrical and Lighting Co., Ltd. (hereinafter referred to as “the Company”) warrant that this report is factual, accurate and complete without any false record, misleading statement or material omission. And they shall be jointly and severally liable for that.
All directors have attended in person the board session for reviewing this report except the following:
|||||
|-|-|-|-|
|Name|Position|Reason for not attending thesession in person|Name of the proxy|
|Wu shenpo|Director|ON business|Werner JÜrgen Dietrich Hoffmann|
|Ye zaiyou|Director|ON business|Liu xingming|

The Company plans not to distribute cash dividends or bonus shares or turn capital reserve into share capital.
Pan Jie, company principal& chief of the accounting work, and Yin Jianchun, chief of the accounting organ (chief of accounting), hereby confirm that the Financial Report enclosed in this report is factual, accurate and complete.
The future plans and some other forward-looking statements involved in this report shall not be considered as virtual promises of the Company to investors. And investors are kindly reminded to pay attention to possible risks.
This report is prepared in both Chinese and English. Should there be any discrepancy between the two versions, the Chinese version shall prevail.
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. Contents
2014 Semi-annual Report .................................................................................................................. 1 Section I. Important Reminders, Contents& Explanation ............................................................ 2 Section II. Company Profile .............................................................................................................. 5 Section III. Highlights of Accounting Data& Financial Indicators .............................................. 7 Section IV. Report of the Board of Directors ................................................................................... 9 Section V. Significant Events ........................................................................................................... 24 Section VI. Change in Shares& Shareholders .............................................................................. 34 Section VII. Preferred Shares ......................................................................................................... 39 Section VIII. Directors, Supervisors& Senior Management Staff .............................................. 40 Section IX. Financial Report ........................................................................................................... 41 Section X. Documents Available for Reference ........................................................................... 147
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. Explanation
||||
|-|-|-|
|Term|Refers to|Contents|
|The Company, Company, FSL|Refers to|F oshan Electrical and Lighting Co., Ltd.|
|CSRC|Refers to|C hina Securities Regulation Commission|
|SZSE, the Stock Exchange|Refers to|S henzhen Stock Exchange|
|||Shareholders’ General Meeting of Foshan Electrical and|
|Shareholders’ General Meeting|Refers to||
|||Lighting Co., Ltd.|
|||Board of Directors of Foshan Electrical and Lighting Co.,|
|Board of Directors|Refers to||
|||Ltd.|
|||Supervisory Committee of Foshan Electrical and Lighting|
|Supervisory Committee|Refers to||
|||Co., Ltd.|
|Yuan, Thousand Yuan, Ten thousand||RMB Yuan, RMB Thousand Yuan, RMB Ten thousand|
||Refers to||
|Yuan, One Hundred Million Yuan||Yuan, RMB One Hundred Million Yuan|
|Reporting period, this reporting period|Refers to|1 Jan. 2014-30 Jun. 2014|

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. Section II. Company Profile
I. Basic information of the Company
|||||
|-|-|-|-|
|Stock abbreviation|FSZM/YZMB|Stock code|000541/200541|
|Stock exchange listed||||
||Shenzhen Stock Exchange|||
|with||||
|Chinese name of the|佛山电器照明股份有限公司|||
|Company||||
|Abbr. of the Chinese||||
|name of the Company (if|佛山照明|||
|any)||||
|English name of the||||
||FOSHAN ELECTRICAL AND LIGHTING CO., LTD|||
|Company (if any)||||
|Abbr. of the English name||||
||FSL|||
|of the Company (if any)||||
|Legal representative of|Pan Jie|||
|the Company||||

II. For Contact
||||
|-|-|-|
||Company Secretary|Securities Affairs Representative|
|Name|Lin Yihui|Huang Yufen|
||No. 64, Fenjiang North Road,|No. 64, Fenjiang North Road,|
|Contact address|Chancheng District, Foshan City,|Chancheng District, Foshan City,|
||Guangdong Province, P.R.China|Guangdong Province, P.R.China|
|Tel.|(0757)82966062 82810239|(0757)82966028|
|Fax|(0757)82816276|(0757)82816276|
|E-mail|fsl-yh@126.com|fslhyf@163.com|

III. Other information
1. Ways to contact the Company
Did any change occur to the registered address, office address and their postal codes, website address and email address of the Company during the reporting period?
□ Applicable√ Inapplicable
The registered address, office address and their postal codes, website address and email address of the Company did not change during the reporting period. The said information can be found in the 2013 Annual Report.
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. 2. About information disclosure and where this report is placed
Did any change occur to information disclosure media and where this report is placed during the reporting period?□ Applicable√ Inapplicable
The newspapers designated by the Company for information disclosure, the website designated by CSRC for disclosing this report and the location where this report is placed did not change during the reporting period. The said information can be found in the 2013 Annual Report.
3. Change of the registered information
Did any change occur to the registered information during the reporting period?
□ Applicable√ Inapplicable
The registration date and place of the Company, its business license No., taxation registration No. and organizational code did not change during the reporting period. The said information can be found in the 2013 Annual Report.
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. Section III. Highlights of Accounting Data& Financial Indicators I. Major accounting data and financial indicators
Does the Company adjust retrospectively or restate accounting data of previous years due to change of any accounting policy or correction of any accounting error?
□ Yes√ No
|||||
|-|-|-|-|
||Reporting period|Same period of last year|YoY +/- (%)|
|Operating revenues (RMB Yuan)|1,543,058,758.03|1,208,260,446.06|27.71%|
|Net profit attributable to shareholders of|188,959,139.45|153,047,291.37||
||||23.46%|
|the Company (RMB Yuan)||||
|Net profit attributable to shareholders of||||
|the Company after extraordinary gains and|169,224,226.63|146,663,823.95|15.38%|
|losses (RMB Yuan)||||
|Net cash flows from operating activities|138,441,766.77|11,712,252.61||
||||1,082.03%|
|(RMB Yuan)||||
|Basic EPS (RMB Yuan/share)|0.1931|0.1564|23.47%|
|Diluted EPS (RMB Yuan/share)|0.1931|0.1564|23.47%|
|Weighted average ROE (%)|6.68%|5.63%|1.05%|
||As at the end of the|||
|||As at the end of last year|+/- (%)|
||reporting period|||
|Total assets (RMB Yuan)|3,673,046,108.98|3,373,781,552.85|8.87%|
|Net assets attributable to shareholders of|2,920,569,091.65|2,890,581,921.74||
||||1.04%|
|the Company (RMB Yuan)||||

II. Differences between accounting data under domestic and overseas accounting standards 1. Differences of net profit and net assets disclosed in financial reports prepared under international and Chinese accounting standards
Unit: RMB Yuan
||||||
|-|-|-|-|-|
||Net profit attributable to shareholders of the||Net assets attributable to shareholders of the||
||Company||Company||
||Reporting period|Same period of last year|Closing amount|Opening amount|
|According to Chinese|188,959,139.45|153,047,291.37|2,920,569,091.65|2,890,581,921.74|
|accounting standards|||||
|Items and amounts adjusted according to international accounting standards|||||
|According to international|188,959,139.45|153,047,291.37|2,920,569,091.65|2,890,581,921.74|
|accounting standards|||||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. 2. Differences of net profit and net assets disclosed in financial reports prepared under overseas and Chinese accounting standards
Unit: RMB Yuan
||||||
|-|-|-|-|-|
||Net profit attributable to shareholders of the||Net assets attributable to shareholders of the||
||Company||Company||
||Reporting period|Same period of last year|Closing amount|Opening amount|
|According to Chinese|188,959,139.45|153,047,291.37|2,920,569,091.65|2,890,581,921.74|
|accounting standards|||||
|Items and amounts adjusted according to overseas accounting standards|||||
|According to overseas|188,959,139.45|153,047,291.37|2,920,569,091.65|2,890,581,921.74|
|accounting standards|||||

3. Explain reasons for the differences between accounting data under domestic and overseas accounting standards
□ Applicable√ Inapplicable
III. Items and amounts of extraordinary gains and losses
Unit: RMB Yuan
||||
|-|-|-|
|Item|Amount|Explanation|
|Gains/losses on the disposal of non-current assets (including the|-106,385.02||
|offset part of asset impairment provisions)|||
|Government grants recognized in the current period, except for|323,499.80||
|those acquired in the ordinary course of business or granted at|||
|certain quotas or amounts according to the country’s unified|||
|standards|||
|Gains and losses on change in fair value from tradable financial|22,326,685.31||
|assets and tradable financial liabilities, as well as investment|||
|income from disposal of tradable financial assets and tradable|||
|financial liabilities and financial assets available for sales except|||
|for effective hedging related with normal businesses of the|||
|Company|||
|Other non-operation income and expenses other than the above|682,094.80||
|Less: Income tax effects|3,490,982.07||
|Total|19,734,912.82|--|

Explain the reasons if the Company classifies an item as an extraordinary gain/loss according to the definition in the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to thePublic—Extraordinary Gains and Losses, or classifies any extraordinary gain/loss item mentioned in the said explanatory announcement as a recurrent gain/loss item
□ Applicable√ Inapplicable
No such cases during the reporting period.
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. Section IV. Report of the Board of Directors
I. Overview
In the reporting period, the economic environment at home and abroad was complex and changeable, and the overseas markets were in a long and vulnerable recovery. The domestic economy slowed down “structurally” and risks were building up in the real estate and financial sectors. And the lighting industry where we belonged saw a structural over-capacity, fiercer market competition, continuously falling product prices and acclerated enterprise wash-out and integration. The industry was reaching a break point. In face of the ups and downs in the industry, with “seize opportunities, promote development, attach importantce to management and increase profits” as the guidance, the Board of Directors and the managemnt team diligently carried out all the work, enhanced budgetary management and operating plan execution management, and input more efforts in expanding domestic and overseas markets, which ensured a stable growth of the main business. For the reporting period, the Company achieved operating revenues of RMB 1543.0588 million, up27.71% over the same period of last year, of which the revenue from domestic sale reached RMB 1052.2441 million, up19.51% year on year, and that from export reached RMB 490.8147 million, up49.72% year on year; total profits of RMB 228.9185 million, up18.86% over the same period of last year; and net profit attributable to shareholders of the Company of RMB 188.9591 million, representing a year-on-year growth of23.46%.
II. Main business analysis
YoY change of major financial data:
Unit: RMB Yuan
||||||
|-|-|-|-|-|
||Reporting period|Same period of last year|YoY +/-%|Main reasons for change|
|Operating revenues|1,543,058,758.03|1,208,260,446.06|27.71%||
|Operating costs|1,156,217,280.15|925,675,209.12|24.91%||
|Selling expenses|62,967,912.93|44,431,240.08|41.72%|Sale increased.|
||104,495,339.45|77,932,401.53||Operating costs|
|Administrative expenses|||34.08%||
|||||increased.|
||-5,733,347.63|-3,963,817.89||Interest of term deposits|
|Financial expenses|||-44.64%||
|||||increased.|
|Income tax expenses|41,689,863.95|39,614,342.25|5.24%||
|R&D inputs|34,671,618.47|33,914,703.00|2.23%||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
||||||
|-|-|-|-|-|
||138,441,766.77|11,712,252.61||Cash received from|
|Net cash flows from|||||
||||1,082.03%|selling goods and|
|operating activities|||||
|||||services increased.|
||-21,344,331.62|25,328,242.59||Cash paid for|
|Net cash flows from|||||
||||-184.27%|external investment|
|investing activities|||||
|||||increased.|
||-151,583,685.10|-284,036,742.40||Cash paid as|
|Net cash flows from|||||
||||-46.63%|dividends and profit|
|financing activities|||||
|||||shares decreased.|
||-36,260,109.78|-249,046,824.08||Cash received from|
|Net increase in cash||||selling goods|
||||-85.44%||
|and cash equivalents||||increased and|
|||||dividends decreased.|

 Major changes to the profit structure or sources of the Company during the reporting period:□ Applicable √ Inapplicable
No major changes occurred to the profit structure or sources of the Company during the reporting period.
Reporting period progress of the future development planning in the disclosed documents of the Company such as share-soliciting prospectuses, offering prospectuses, asset reorganization reports, etc.:
□ Applicable√ Inapplicable
The Company did not mention any future planning for the reporting period in its disclosed documents such as share-soliciting prospectuses, offering prospectuses, asset reorganization reports, etc.
Review the progress of the previously disclosed business plan in the reporting period:
In the reporting period, according to its operating plan for 2014, the Company made rational and careful arrangements and planning. The operation as a whole showed a steady development and the operating plan for the first half of the year was excellently fulfilled. In the coming 6 months, the Company will continue to push forward relevant work at a steady pace.
III. Breakdown of main business
Unit: RMB Yuan
||||||||
|-|-|-|-|-|-|-|
|||||Increase/decrease|Increase/decrease|Increase/decrease|
|||||of operating|of operating costs|of gross profit|
||Operating||Gross profit rate||||
|||Operating costs||revenues over the|over the same|rate over the same|
||revenues||(%)||||
|||||same period of|period of last year|period of last year|
|||||last year (%)|(%)|(%)|
|Classified by industry:|||||||
|Lighting fixtures|1,527,520,198.14|1,144,349,961.56|25.08%|29.20%|25.87%|1.97%|

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
||||||||
|-|-|-|-|-|-|-|
|and lamps|||||||
|Classified by product:|||||||
|Lighting fixtures|||||||
||1,527,520,198.14|1,144,349,961.56|25.08%|29.20%|25.87%|1.97%|
|and lamps|||||||
|Among:|||||||
|traditional|1,106,737,704.75|809,263,104.37|26.88%|1.82%|-2.12%|2.95%|
|lighting products|||||||
|LED lighting|||||||
||420,782,493.39|335,086,857.19|20.37%|341.10%|306.99%|6.68%|
|products|||||||
|Classified by region:|||||||
|Domestic|1,036,705,528.94|815,542,735.07|21.33%|21.32%|21.76%|-0.29%|
|Overseas|490,814,669.20|328,807,226.49|33.01%|49.72%|37.37%|6.02%|

 IV. Core competitiveness analysis
In the reporting period, the Company continued to give play to its leading competitive edges in brand recognition, channel building, scale& cost, technologicalR&D, etc. Meanwhile, it input more efforts inR&D and proactively expanded domestic and overseas markets. There was no such a case where the core competitiveness of the Company was severely damaged by core technicians leaving their posts or expiration of important intellectual properties and intangible assets.
V. Investment analysis
1. Investments in equities of external parties
（1） Investments in external parties
√ Applicable□ Inapplicable
||||
|-|-|-|
|Investments in external parties|||
|Investment amount in the reporting period|Investment amount in the same period of||
|||+/-%|
|(RMB Yuan)|last year (RMB Yuan)||
|0.00|0.00|0.00%|
|Particulars about investees|||
|||Proportion of the Company’s investment in|
|Name of investee|Main business||
|||the investee’s total equity interests (%)|
|Qinghai Fozhao Lithium Energy|Integrated development and utilization of||
|||38.00%|
|Exploitation Co., Ltd.|salt lake brine resource.||
||R&D, production and sale of lithium ion||
||batteries and materials, solar, wind and||
||other renewable energy application||
|Hefei Guoxuan High-tech Power Energy|||
||products, equipment and systems,|14.84%|
|Co., Ltd.|||
||energy-saving optoelectronic and||
||electronic products, equipment and||
||systems, and lithium power emergency||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
||||
|-|-|-|
||supply, power-driven tools, transportation||
||tools and chargers; operation and agent||
||service of import and export of products||
||and technologies; design and construction||
||of lighting projects for cities and roads||
||Investment, operation and management of||
|Guangzhou Pearl River Asset Management|||
||self-owned funds; project planning;|15.38%|
|Company Limited|||
||investment management consulting service||
||Electronic products, communication||
||devices, household appliances, furniture,||
||speakers, paper, paper products, chemicals||
||for daily use, shoes, hats and garment;||
|Shenzhen Zhonghao (Group) Ltd.||Less than 5.00%|
||domestic commerce, material supply and||
||marketing (excluding goods operated, sold||
||and controlled by special entities);||
||supervision of the self-developed projects||
||Production and sale of tungsten,||
||molybdenum, nickel and clad metal||
||products, diamond die, thin steel strips,||
||electric light source products, power||
||supply products, industrial gas and special||
||equipment; production, installation, sale,||
||mechanic processing, vehicle repair,||
|Chengdu Hongbo Industrial Co., Ltd.|consulting service, sale of goods|6.94%|
||(excluding those prohibited by the||
||government from circulating), export of||
||products produced by it or its member||
||companies; import of needed mechanic||
||equipment, components, raw and auxiliary||
||materials; processing and compensation||
||trade||
|Xiamen Bank|Banking services|7.99%|
|China Guangfa Bank Co., Ltd.|Banking services|Less than 5.00%|
|Foshan Fochen Road Development|Building and operation of the Fochen||
|||7.66%|
|Company Limited|(Foshan Chencun) Road||

（2）Equity-holdings in financial enterprises
√ Applicable□ Inapplicable
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
|||||||||Gain/loss|||
|||Initial|Opening|Opening|Closing|Closing|Closing||||
|||||||||in the|||
|Enterprise|Enterprise|investment|equity-hol|equity-hol|equity-hol|equity-hol|book value||Accountin|Equity|
|||||||||reporting|||
|name|variety|cost (RMB|dings|ding ratio|dings|ding ratio|(RMB||g title|source|
|||||||||period|||
|||Yuan)|(share)|(%)|(share)|(%)|Yuan)||||
|||||||||(RMB|||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
|||||||||Yuan)|||
||Commercial bank||||||||Available-f||
|China|||||||||||
|||30,828,816|||||59,808,790||or-sale|Additional|
|Everbright|||23,546,768|0.06%|23,546,768|0.06%||0.00|||
|||.00|||||.72||financial i|ssue|
|Bank|||||||||||
||||||||||assets||
||||||||||Long-termequityiinvestment||
|Xiamen|Commerci|292,574,13|109,714,17||109,714,17||292,574,13|21,942,835||Additional|
|||||7.99%||7.99%|||||
|Bank|al bank|3.00|6||6||3.00|.20||ssue|
|China|Commercial bank||||||||Long-termequityiinvestment||
|||||Less than||Less than||||Additional|
|Guangfa||500,000.00|229,792||229,792||500,000.00|0.00|||
|||||5%||5%||||ssue|
|Bank|||||||||||
|||323,902,94|133,490,73||133,490,73||352,882,92|21,942,835|||
|Total||||--||--|||--|--|
|||9.00|6||6||3.72|.20|||

（3）Securities investments
√ Applicable□ Inapplicable
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
||||||Sharehold||Sharehold||Gain/loss|||
||||Initial|Number||Number||Closing||||
||||||ing||ing||for|||
||||investmen|of shares||of shares||book||||
|Variety of|Code of|Name of|||percentag||percentag||reporting|Accounti|Source of|
||||t cost|held at||held at||value||||
|securities|securities|securities|||e at||e at||period|ng title|stock|
||||(RMB|period-be||period-en||(RMB||||
||||||period-be||period-en||(RMB|||
||||Yuan)|gin||d||Yuan)||||
||||||gin||d||Yuan)|||
||||956,522.6|||||970,012.0||交易性金||
|Stock|000027|SZNY||172,600||172,600|||0.00|||
||||4|||||0||融资产||
|||||||||||交易性金||
|Stock|300385|XLHJ|7,365.00|500||500||12,830.00|0.00|||
|||||||||||融资产||
|||||||||||交易性金||
|Stock|603328|YDDZ|15,310.00|1,000||1,000||15,310.00|0.00|||
|||||||||||融资产||
|||Founder||||||||||
||||5,000,000||||||-997,145.|交易性金||
|Fund|BC0002|Jinquanyo||5,000,000||0||0.00||||
||||.00||||||30|融资产||
|||u No. 2||||||||||
||||6,544,000|||||||交易性金||
|Other|205001|1 Day||||||0.00|1,754.96|||
||||.00|||||||融资产||
||||33,249,00|||||||交易性金||
|Other|205007|7 Days||||||0.00|21,948.24|||
||||0.00|||||||融资产||
||||39,794,00||||||113,419.5|交易性金||
|Other|205008|14 Days||||||0.00||||
||||0.00||||||0|融资产||
||||42,300,42|||||||交易性金||
|Other|204001|GC001||||||0.00|9,859.92|||
||||3.00|||||||融资产||
||||5,100,102|||||||交易性金||
|Other|204002|GC002||||||0.00|1,108.84|||
||||.00|||||||融资产||
||||4,100,123|||||||交易性金||
|Other|204003|GC003||||||0.00|941.62|||
||||.00|||||||融资产||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
||||30,401,21||||||交易性金|
|Other|204004|GC004|||||0.00|12,207.34||
||||6.00||||||融资产|
||||40,452,02||||||交易性金|
|Other|204007|GC007|||||0.00|67,409.34||
||||3.00||||||融资产|
||||42,004,20||||||交易性金|
|Other|204014|GC014|||||0.00|53,701.66||
||||0.00||||||融资产|
|Other securities investments||||||||||
|||||||--|0.00|0.00||
|held at the period-end||||||||||
||||249,924,2||||998,152.0|-714,793.||
|Total||||5,174,100|174,100|--||||
||||84.64||||0|88||
|Disclosure date of the board||||||||||
|announcement on approval of|||23 Jan. 2014|||||||
|the securities investment||||||||||
|Disclosure date of the general||||||||||
|meeting announcement on||||||||||
|approval of the securities||||||||||
|investment||||||||||

Shareholdings in other listed companies:
□ Applicable√ Inapplicable
The Company did not have any shareholding in any other listed company in the reporting period.
2. Wealth management entrustment, derivative investments and entrustment loans
（1）Wealth management entrustment
□ Applicable√ Inapplicable
The Company did not carry out any wealth management entrustment in the reporting period.
（2）Derivative investments
□ Applicable√ Inapplicable
The Company did not carry out any derivative investment in the reporting period.
（3）Entrustment loans
□ Applicable√ Inapplicable
There were no entrustment loans in the reporting period.
3. Analysis to main subsidiaries and stock-participating companies
√ Applicable□ Inapplicable
Main subsidiaries and stock-participating companies:
Unit: RMB Yuan
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|Company|Company|Industry|Main|Registered|Total assets|Net assets|Operating|Operating|Net profit|

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|name|variety||products/ser|capital|||revenues|profit||
||||vices|||||||
||||Production|||||||
||||and|||||||
||||operation of|||||||
|Foshan||||||||||
||||electronic|||||||
|Chansheng||||||||||
|||Manufactur|ballasts,||34,527,976.|10,052,280.|77,334,376.|3,756,478||
|Electronic|Subsidiary|||1,000,000.0|||||2,814,994.44|
|||e|electronic||66|42|18|.99||
|Ballast Co.,||||0||||||
||||transformer|||||||
|Ltd.||||||||||
||||s and|||||||
||||electronic|||||||
||||igniters|||||||
||||Producer of|||||||
||||lamps,|||||||
||||electric|||||||
||||lighting|||||||
|Foshan||||||||||
||||products|||||||
|Chanchang||||||||||
||||and related|||||||
|Electric||Manufactur|||92,062,689.|84,913,163.|46,229,159.|-8,539,48||
||Subsidiary||fittings,|72,782,944.|||||-8,539,959.10|
|Appliances||e|||68|56|47|9.82||
||||providing|00||||||
|(Gaoming)||||||||||
||||relevant|||||||
|Co., Ltd.||||||||||
||||installation|||||||
||||and|||||||
||||consulting|||||||
||||services|||||||
||||R&D,|||||||
||||production|||||||
||||and sales of|||||||
|Foshan|||lamps,|||||||
|Taimei|||household|||||||
|||Manufactur|||76,260,752.|20,940,309.|86,036,195.|7,145,682||
|Times|Subsidiary||appliances||||||5,359,257.37|
|||e||500,000.00|97|67|59|.06||
|Lamps Co.,|||and fittings,|||||||
|Ltd.|||and other|||||||
||||electric|||||||
||||lighting|||||||
||||products|||||||
||||R&D and|||||||
|Foshan|||sale of|||||||
|Electrical|||electric|||||||
|and||Manufactur|appliance,||54,400,322.|52,652,784.|1,407,011.0|-469,839.||
||Subsidiary|||50,000,000.|||||-469,839.80|
|Lighting||e|lighting and||14|84|3|80||
|||||00||||||
|Engineering|||electromech|||||||
|Co., Ltd.|||anical|||||||
||||products;|||||||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
||||design,|||||||
||||constructio|||||||
||||n and|||||||
||||maintenanc|||||||
||||e of lighting|||||||
||||and|||||||
||||electromech|||||||
||||anical|||||||
||||projects;|||||||
||||design,|||||||
||||constructio|||||||
||||n and|||||||
||||technical|||||||
||||service of|||||||
||||intelligent|||||||
||||constructio|||||||
||||n projects;|||||||
||||investment,|||||||
||||design,|||||||
||||consulting|||||||
||||service,|||||||
||||constructio|||||||
||||n, service,|||||||
||||contractual|||||||
||||energy|||||||
||||managemen|||||||
||||t, technical|||||||
||||service and|||||||
||||assessment|||||||
||||of energy|||||||
||||saving|||||||
||||projects;|||||||
||||and|||||||
||||internationa|||||||
||||l trade|||||||
||||Production|||||||
|Nanjing|||of|||||||
|Fozhao|||energy-savi|||||||
|Lighting|||ng lighting|||||||
|||Manufactur|||84,052,669.|69,235,411.|33,063,138.|-171,871.||
|Component|Subsidiary||products,|41,683,200.|||||-96,305.24|
|||e|||34|81|23|74||
|s|||lamps and|00||||||
|Manufacturi|||lighting|||||||
|ng Co., Ltd.|||equipments;|||||||
||||lighting|||||||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
||||projects;|||||||
||||energy-savi|||||||
||||ng|||||||
||||technology|||||||
||||developmen|||||||
||||t and|||||||
||||production|||||||
||||of relevant|||||||
||||fittings; sale|||||||
||||of|||||||
||||self-produc|||||||
||||ed products|||||||
||||Production|||||||
||||and sale of|||||||
||||equipments|||||||
||||and|||||||
||||products of|||||||
||||electric|||||||
||||light|||||||
||||source; and|||||||
||||sale of|||||||
|FSL||||||||||
||||components|||||||
|(Xinxiang)||Manufactur|||52,501,922.|33,919,784.|12,827,692.|793,674.4||
||Subsidiary||of electric|35,418,439.|||||793,471.71|
|Lighting||e|||64|53|51|4||
||||light|76||||||
|Co., Ltd.||||||||||
||||source,|||||||
||||related|||||||
||||materials,|||||||
||||electrical|||||||
||||materials,|||||||
||||automobile|||||||
||||components|||||||
||||, lamps and|||||||
||||fittings|||||||
||||Financing|||||||
||||lease, lease,|||||||
||||lease|||||||
|Guangdong|||consulting|||||||
|Fozhao|||and|||||||
||||||213,238,28|212,911,32||3,152,441||
|Financing|Subsidiary|Finance|guaranty,|200,000,00|||0.00||2,364,331.10|
||||||6.86|7.52||.47||
|Lease Co.,|||financing|0.00||||||
|Ltd.|||lease|||||||
||||service for|||||||
||||new-energy|||||||
||||automobiles|||||||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
||||& main|||||||
||||components|||||||
||||,|||||||
||||energy-savi|||||||
||||ng lighting|||||||
||||products &|||||||
||||projects|||||||
||||R&D and|||||||
||||production|||||||
||||of electric|||||||
||||light source|||||||
||||products,|||||||
||||equipment,|||||||
||||fittings,|||||||
||||electrical|||||||
||||materials,|||||||
||||automobile|||||||
||||components|||||||
||||, home|||||||
||||appliances,|||||||
||||socket|||||||
|FSL||||||||||
||||outlets,|||||||
|Lighting||||||||||
|||Manufactur|power||60,693,773.|22,389,267.|88,831,728.|6,828,519||
|Equipment|Subsidiary|||15,000,000.|||||4,962,733.09|
|||e|switches,||74|70|31|.78||
|Co., Ltd.||||00||||||
||||fire-protecti|||||||
||||on|||||||
||||products,|||||||
||||ventilation|||||||
||||equipment,|||||||
||||LED|||||||
||||products,|||||||
||||etc.;|||||||
||||domestic|||||||
||||trade,|||||||
||||import and|||||||
||||export of|||||||
||||technology|||||||
||||and goods|||||||
||||Licensed|||||||
|Suzhou||||||||||
||||operations:|||||||
|Mont||Manufactur|||52,622,167.|33,592,631.|7,792,353.6|-1,568,27||
||Subsidiary||naught.|23,634,900.|||||-1,568,271.61|
|Lighting||e|||02|69|1|1.61||
||||General|00||||||
|Co., Ltd.||||||||||
||||operations:|||||||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
||
|-|
|developmen|
|t,|
|production|
|and sale of|
|semi-condu|
|ctor lighting|
|utensils,|
|drive circuit|
|and control|
|system|
|software|
|and|
|hardware|
|systems;|
|(produced|
|only by|
|branches)|
|design and|
|installation|
|of lighting|
|engineering|
|; import &|
|export of|
|semi-condu|
|ctor lighting|
|components|
|and|
|utensils,|
|drive circuit|
|and control|
|system|
|software|
|and|
|hardware|
|systems|

4. Significant projects invested with non-raised funds
√ Applicable□ Inapplicable
Unit: RMB Ten Thousand
|||||||
|-|-|-|-|-|-|
||||Cumulative actual|||
|Project name|Total investment|Input for this period||Project progress|Project earnings|
||||input as at the|||
||||period-end|||
|Suzhou Mont|2,436|2,436|2,436|100.00%|-156.83|

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
|||||||
|-|-|-|-|-|-|
|Lighting Co., Ltd.||||||
|Total|2,436|2,436|2,436|--|--|
|Date when the relevant interim||||||
|announcement (if any) was disclosed on||24 May 2014||||
|the designated website||||||
|Designated website where the relevant||||||
|interim announcement (if any) was||www.cninfo.com.cn||||
|disclosed||||||

VI. Predict the operating results of Jan.-Sept. 2014
Warning of possible loss or considerable YoY change of the accumulated net profit made during the period-begin to the end of the next reporting period according to prediction, as well as explanations on the reasons:
□Applicable√Inapplicable
VII. Explanation of the Board of Directors and the Supervisory Committee on the “Non-standard Audit Report” issued by the CPAs firm for the reporting period
□Applicable√Inapplicable
VIII. Explanation of the Board of Directors on the issues mentioned in the “Non-standard Audit Report” issued by the CPAs firm for last year
□Applicable√Inapplicable
IX. Implementation of profit allocation during the reporting period
Profit allocation plan implemented during the reporting period, especially execution and adjustment of the cash dividend plan and the plan for turning capital reserve into share capital:
√ Applicable□ Inapplicable
On 28 May 2014, the “Preplan for Profit Allocation for 2013” was reviewed and approved at the 2013 AnnualShareholders’ General Meeting held by the Company. As the profit allocation plan for 2013, the Company, based on the total 978,563,745 shares as at the end of 2013, distributed a cash dividend of RMB 1.60 (tax included; dividends for B-share holders paid in HKD) for every 10 shares held by its shareholders of A share and B share. On 12 Jun. 2014, the Company disclosed the “Announcement of the Implementation of Profit Allocation for
2013” and determined that Ashares’ date of record was on 19 Jun. 2014, ex-dividend date on 20 Jun. 2014, the
last trading date of B shares on 19 Jun. 2014 and the ex-dividend date on 20 Jun. 2014. Bshares’ date of record
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. was on 24 Jun. 2014. At the end of the reporting period, the implementation of profit allocation plan for 2013 was completed.
|||
|-|-|
|Special statement about the cash dividend policy||
|In compliance with the Company’s Articles of||
|Association and the resolution of the general|Yes|
|meeting||
|Specific and clear dividend standard and ratio|Yes|
|Complete decision-making procedure and||
||Yes|
|mechanism||
|Independent directors fulfilled their||
||Yes|
|responsibilities and played their due role.||
|Minority shareholders have the chance to fully||
|express their opinion and desire and their legal|Yes|
|rights and interests were fully protected.||
|In adjustment or alteration of the cash dividend||
|policy, the conditions and procedure were in|Yes|
|compliance with regulations and transparent.||

X. Pre-plan for profit allocation and turning capital reserve into share capital for the reporting period
□ Applicable√ Inapplicable
The Company planed not to distribute cash dividends or bonus shares or turn capital reserve into share capital for the reporting period.
XI. Particulars about researches, visits and interviews received in this reporting period√ Applicable□ Inapplicable
|||||||
|-|-|-|-|-|-|
||||||Main discussion and|
|Time|Place|Way of reception|Visitor type|Visitor|materials provided by the|
||||||Company|
|||||GF Securities,||
|||||China Southern||
|||||Asset Management,||
|||||CITIC Securities,||
|||||GF Fund||
|||||Management, Lion|Production and operation of|
|3 Jan. 2014|The Company|Field research|Institution|||
|||||Fund Management,|the Company|
|||||Beijing Longrising||
|||||Asset Management,||
|||||Tianhong Asset||
|||||Management,||
|||||PingAn Securities||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
|||||||
|-|-|-|-|-|-|
||||||Production and operation of|
|6 Jan. 2014|The Company|Field research|Institution|China AMC||
||||||the Company|
|||||Nomura||
|||||International (Hong||
|||||Kong), CIC||
|||||International (Hong||
|||||Kong), Value||
|||||Partners, Manulife||
|||||Asset Management,||
||||||Production and operation of|
|18 Feb. 2014|The Company|Field research|Institution|BlackRock, Allianz||
||||||the Company|
|||||Global Investors,||
|||||DIAM Asset||
|||||Management||
|||||(Hong Kong),||
|||||BOCI-Prudential,||
|||||TPG-AXON||
|||||Capital||
|||||Morgan Stanley||
|||||(Taiwan), Keywise||
||||||Production and operation of|
|12 Mar. 2014|The Company|Field research|Institution|Capital (Hong||
||||||the Company|
|||||Kong), Allianz||
|||||Global Investors||
|||||Great Wall Fund||
|||||Management,||
|||||Invesco Great Wall,||
|||||SWS MU Fund||
|||||Management,||
|||||China Merchants||
|||||Fund, Hong Kong||
|||||BOCI-Prudential,||
|||||China AMC,||
|||||CITICPE, GF Fund||
|||||Management,|Production and operation of|
|6 May 2014|The Company|Field research|Institution|||
|||||BOCOM|the Company|
|||||Schroders, Penghua||
|||||Fund, CITIC||
|||||Securities, Foresea||
|||||Life Insurance,||
|||||Baoying Fund||
|||||Management,||
|||||Qianhe Capital,||
|||||Golden Eagle,||
|||||Chang Xin Asset||
|||||Management,||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
||
|-|
|Fortune SG Fund|
|Management,|
|Galaxy AMC, E|
|Fund Management,|
|Lion Fund|
|Management,|
|Orient Securities|
|Asset Management,|
|Hua An Fund|
|Management,|
|Huashang Fund|
|Management, CCB|
|Principal Asset|
|Management|

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. Section V. Significant Events
I. Corporate governance
In the reporting period, in strict accordance with the Company Law, the Securities Law, the Code of Corporate Governance of Listed Companies, the Stock Listing Rules of Shenzhen Stock Exchange and other laws, regulations and rules, the Company kept improving the corporate governance structure, optimizing the internal management and standardizing operation. The Company has formulated an organizational management system including theShareholders’ General Meeting, the Board of Directors, the Supervisory Committee and the management team, which are functioning smoothly. The Company has also formulated its Articles of Association, the Rules of Procedure for theShareholders’ General Meeting, the Board of Directors and the Supervisory Committee, the rules of procedure for the special committees under the Board of Directors, the Working Rules for GM and some other rules, as well as internal control rules governing almost all respects in operation and management such as financial management, investment management, information disclosure, related-party transactions, provision of guarantees for external parties, etc., which are all effectively executed. In the reporting period, the actual situation of theCompany’s governance did not differ from the Company Law and the relevant CSRC requirements.
II. Significant lawsuits or arbitrations
√ Applicable□ Inapplicable
|||||||||
|-|-|-|-|-|-|-|-|
||Amount|||||||
||involved in the|Forming the||Trial result and|Enforcement on|||
|Basic information|||Progress of|||||
||lawsuit|estimated||influence of the|the judgment of|Disclosure|Disclosure|
|of the lawsuit|||the lawsuit|||||
||(arbitration)|liabilities or||lawsuit|the lawsuit|date|index|
|(arbitration)|||(arbitration)|||||
||(RMB Ten|not?||(arbitration)|(arbitration)|||
||thousand)|||||||
|In Mar. 2013,|||On 9 Jul.||||Announceme|
|||||The lawsuits are||||
|CSRC Guangdong|||2014,||||nt title:|
|||||currently in trial||||
|administered an|||Guangzhou||||Announceme|
|||||with no judgment.||||
|administrative|||Intermediat||||nt on Lawsuit|
||RMB 73.4283|||Therefore, the||||
|punishment on the|||e People’s||||Matters;|
||million and|No||influence of these|Inapplicable|18 Sep. 2013||
|illegal information|||Court||||Announceme|
||HKD 82,000|||lawsuits on the||||
|disclosure of the|||opened a||||nt No.:|
|||||Company is||||
|Company. 515|||court||||2013-039;|
|||||unable to be||||
|plaintiffs|||session for||||Website of|
|||||known for now.||||
|separately sued the|||the 515||||disclosure:|

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
|||||||||
|-|-|-|-|-|-|-|-|
|Company to|||cases, but||||http://www.c|
|Guangzhou|||no verdict||||ninfo.com.cn|
|Intermediate|||has come|||||
|People’s Court for|||out yet.|||||
|false securities||||||||
|statement,||||||||
|demanding civil||||||||
|compensations||||||||
|from the Company||||||||
|for its illegal||||||||
|information||||||||
|disclosure.||||||||
|In Mar. 2013,||||||||
|CSRC Guangdong||||||||
|administered an||||||||
|administrative||||||||
|punishment on the|||On 25 Aug|||||
|illegal information|||2014,||||Announceme|
|disclosure of the|||Guangzhou||||nt title:|
|||||The lawsuits are||||
|Company. 672|||Intermediat||||Announceme|
|||||currently in trial||||
|plaintiffs|||e People’s||||nt on Lawsuit|
|||||with no judgment.||||
|separately sued the|||Court||||Matters;|
|||||Therefore, the||||
|Company to|RMB 87.0947||opened a||||Announceme|
|||No||influence of these|Inapplicable|8 Jan. 2014||
|Guangzhou|million||court||||nt No.:|
|||||lawsuits on the||||
|Intermediate|||session for||||2014-003;|
|||||Company is||||
|People’s Court for|||the group of||||Website of|
|||||unable to be||||
|false securities|||cases, but||||disclosure:|
|||||known for now.||||
|statement,|||no verdict||||http://www.c|
|demanding civil|||has come||||ninfo.com.cn|
|compensations|||out yet.|||||
|from the Company||||||||
|for its illegal||||||||
|information||||||||
|disclosure.||||||||
|In Mar. 2013,||||Currently these|||Announceme|
|CSRC Guangdong||||cases haven’t|||nt title:|
|administered an|||Currently|entered|||Announceme|
|administrative|||these cases|substantive|||nt on Lawsuit|
||RMB 22.5254|||||||
|punishment on the|||haven’t|hearing.|||Matters;|
||million and|No|||Inapplicable|15 Mar. 2014||
|illegal information|||entered|Therefore, the|||Announceme|
||HKD 546,600|||||||
|disclosure of the|||substantive|influence of these|||nt No.:|
|Company. 116|||hearing.|lawsuits on the|||2014-011;|
|plaintiffs||||Company is|||Website of|
|separately sued the||||unable to be|||disclosure:|

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
||||
|-|-|-|
|Company to|known for now.|http://www.c|
|Guangzhou||ninfo.com.cn|
|Intermediate|||
|People’s Court for|||
|false securities|||
|statement,|||
|demanding civil|||
|compensations|||
|from the Company|||
|for its illegal|||
|information|||
|disclosure.|||

III. Media query
□Applicable√Inapplicable
The Company was not involved in any media query in the reporting period.
IV. Bankruptcy and reorganization
□ Applicable√ Inapplicable
Bankruptcy and reorganization did not occur to the Company in the reporting period.
V. Asset transactions
1. Purchase of assets
√ Applicable□ Inapplicable
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
|||||||||Relationsh|||
|||||||||ip between|||
|||||||Ratio of||the|||
|||||||the net||transaction|||
|||||Influence|Influence|profit||party and|||
|Transactio|Asset|Transactio|||||Related-pa||||
|||||on the|on the|contribute||the|Disclosure||
|n party or|acquired|n price|Progress||||rty|||Disclosure|
|||||Company’|Company’|d by the||Company|date (note||
|ultimate|or bought|(RMB Ten|(note 2)||||transaction|||index|
|||||s operation|s gain/loss|asset to the||(applicable|5)||
|controller|in|thousand)|||||or not||||
|||||(note 3)|(note 4)|Company||for|||
|||||||to the total||related-par|||
|||||||profit (%)||ty|||
|||||||||transaction|||
|||||||||s)|||
|Zhang|34.09296||The|The equity||||Inapplicabl|24 May|Announce|
|||1,235|||Naught|0.00%|No||||
|Yingchun|％ equity||relevant|acquisition||||e|2014|ment title:|

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
|||||
|-|-|-|-|
|interests of|assets|would not|Announce|
|Suzhou|were all|affect the|ment on|
|Mont|transferred|business|Acquisitio|
|Lighting|in.|continuity|n of Some|
|Co., Ltd.||andmanagement stabilityof theCompany.|Equity|
||||Interests of|
||||and|
||||Increasing|
||||the|
||||Investment|
||||in Suzhou|
||||Mont|
||||Lighting|
||||Co., Ltd.;|
||||Announce|
||||ment No.:|
||||2014-023;|
||||Website of|
||||disclosure:|
||||http://www|
||||.cninfo.co|
||||m.cn|

 2. Sale of assets
√ Applicable□ Inapplicable
|||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
||||||||||Relation|||||
|||||Net||||||||||
|||||||Ratio of|||ship|||||
|||||profit||||||Whether||||
|||||||the net|||between|||||
|||||contribu||||||or not||||
|||||||profit|||the||Whether|||
|||||ted by||||||the|or not|||
||||Transact||Influenc|contribu|||transacti||the|||
|||||the asset||||||ownersh||||
||||ion||e of the|ted to||Related-|on party||creditor’|||
|||||from the||||||ip of the|s right|||
|Transact|||price||sale on|the|Pricing|party|and the||and||Disclos|
||Asset|Date of||period-b||||||asset||Disclos||
|ion|||(RMB||the|Compan|principl|transacti|Compan||liabilitie||ure|
||sold|sale||egin to||||||involve|s|ure date||
|party|||Ten||Compan|y by the|e|on or|y||involved||index|
|||||the date||||||d has||||
||||thousan||y (note|asset||not|(applica||have|||
|||||of sale||||||been|been|||
||||d)||3)|sale to|||ble for||fully|||
|||||(RMB||||||fully||||
|||||||the total|||related-||transferr|||
|||||Ten||||||transferr|ed|||
|||||||profit|||party|||||
|||||thousan||||||ed||||
|||||||(%)|||transacti|||||
|||||d)||||||||||
||||||||||ons)|||||
||15.38%||||The sale||With the||||||Name of|
||||||||||Inapplic|||14 Jun.||
||equity|||0|of the|0.00%|assessm|No||No|No||announc|
||||||||||able|||2014||
||interests||||equity||ent||||||ement:|

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
|||||
|-|-|-|-|
|of|would|result as|Announ|
|Guangz|not|the|cement|
|hou|affect|pricing|on|
|Pearl|the|base|Transfer|
|River|business||the|
|Asset|continui||Equity|
|Manage|ty and||of|
|ment|manage||Guangz|
|Co.,|ment||hou|
|Ltd.|stability||Pearl|
||of the||River|
||Compan||Asset|
||y.||Manage|
||||ment|
||||Co.,|
||||Ltd.;|
||||Announ|
||||cement|
||||No.:|
||||2014-02|
||||8;|
||||Disclos|
||||ure|
||||website:|
||||www.cn|
||||info.co|
||||m.cn|

 3. Business combination
□ Applicable√ Inapplicable
No business combination occurred to the Company during the reporting period.
VI. Implementation of equity incentive and its influence
□ Applicable√ Inapplicable
The Company did not make or carry out any equity incentive plan during the reporting period.
VII. Significant related-party transactions
1. Related-party transactions concerning routine operation
√ Applicable□ Inapplicable
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
|Related|Relation|Type of|Contents|Pricing|Transacti|Transacti|Proportio|Method|Obtainable|Disclosu|Disclosur|

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
|transactio||the|of the|principle|on|on|n in the|of|market|re date|e index|
|n party||transactio|transactio||price(RM|amount|total|settlement|price for|||
|||n|n||B Ten|(RMB|amounts||the|||
||||||thousand)|Ten|of||transaction|||
|||||||thousand)|transactio||of the same|||
||||||||ns of the||kind (RMB|||
||||||||same kind||Ten|||
||||||||(%)||thousand)|||
|||Purchasin||||||||||
|||g||||||||||
||Legal|||||||||||
|||products||||||||||
|Prosperity|person|||||||||||
|||and||||||||||
|Lamps &|that held||Purchase|||||||||
|||receiving||Market||||Remittanc||25 Apr.|www.cnin|
|Compone|over 5%||of||177.53|177.53|0.19%||177.53|||
|||labor||price||||e||2014|fo.com.cn|
|nts|shares of||materials|||||||||
|||service||||||||||
|Limited|the|||||||||||
|||from the||||||||||
||Company|||||||||||
|||related||||||||||
|||party||||||||||
|||Purchasin||||||||||
|||g||||||||||
||A|||||||||||
|||products||||||||||
||company|||||||||||
|Prosperity||and||||||||||
||controlled||Purchase|||||||||
|Electrical||receiving||Market||||Remittanc||25 Apr.|www.cnin|
||by the||of||1,428.74|1,428.74|1.49%||1,428.74|||
|(China)||labor||price||||e||2014|fo.com.cn|
||related||materials|||||||||
|Co., Ltd.||service||||||||||
||natural|||||||||||
|||from the||||||||||
||person|||||||||||
|||related||||||||||
|||party||||||||||
|||Purchasin||||||||||
|||g||||||||||
||A|||||||||||
|Hangzhou||products||||||||||
||company|||||||||||
|Times||and||||||||||
||controlled||Purchase|||||||||
|Lighting||receiving||Market||||Remittanc||25 Apr.|www.cnin|
||by the||of||148.03|148.03|0.15%||148.03|||
|and||labor||price||||e||2014|fo.com.cn|
||related||materials|||||||||
|Electrical||service||||||||||
||natural|||||||||||
|Co., Ltd.||from the||||||||||
||person|||||||||||
|||related||||||||||
|||party||||||||||
|Hangzhou|A|Selling||||||||||
|Times|company|products||||||||||
|Lighting|controlled|and|Sale of|Market||||Remittanc||25 Apr.|www.cnin|
||||||0.24|0.24|0.00%||0.24|||
|and|by the|providing|products|price||||e||2014|fo.com.cn|
|Electrical|related|labor||||||||||
|Co., Ltd.|natural|service to||||||||||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
||person|the||||||||||
|||related||||||||||
|||party||||||||||
|||Selling||||||||||
||Legal|products||||||||||
|Prosperity|person|and||||||||||
|Lamps &|that held|providing||||||||||
||||Sale of|Market||||Remittanc||25 Apr.|www.cnin|
|Compone|over 5%|labor|||1,986.03|1,986.03|1.30%||1,986.03|||
||||products|price||||e||2014|fo.com.cn|
|nts|shares of|service to||||||||||
|Limited|the|the||||||||||
||Company|related||||||||||
|||party||||||||||
|||Selling||||||||||
|Prosperity|A|products||||||||||
|(Hangzho|company|and||||||||||
|u)|controlled|providing||||||||||
||||Sales of|Market||||Remittanc||25 Apr.|www.cnin|
|Lighting|by the|labor|||368.78|368.78|0.24%||368.78|||
||||products|price||||e||2014|fo.com.cn|
|and|related|service to||||||||||
|Electrical|natural|the||||||||||
|Co., Ltd.|person|related||||||||||
|||parties||||||||||
|||Selling||||||||||
||A|products||||||||||
||company|and||||||||||
|Prosperity||||||||||||
||controlled|providing||||||||||
|Electrical|||Sales of|Market||||Remittanc||25 Apr.|www.cnin|
||by the|labor|||24.54|24.54|0.02%||24.54|||
|(China)|||products|price||||e||2014|fo.com.cn|
||related|service to||||||||||
|Co., Ltd.||||||||||||
||natural|the||||||||||
||person|related||||||||||
|||parties||||||||||
||An|||||||||||
||acting-in-|Selling||||||||||
||concert|products||||||||||
||party of a|and||||||||||
|OSRAM||||||||||||
||legal|providing||||||||||
|(China)|||Sales of|Market||||Remittanc||25 Apr.|www.cnin|
||person|labor|||466.34|466.34|0.31%||466.34|||
|Lighting|||products|price||||e||2014|fo.com.cn|
||that held|service to||||||||||
|Co., Ltd.||||||||||||
||over 5%|the||||||||||
||shares of|related||||||||||
||the|parties||||||||||
||Company|||||||||||
|Osram|An|Selling||||||||||
||||Sales of|Market||||Remittanc||25 Apr.|www.cnin|
|Asia|acting-in-|products|||1,816.03|1,816.03|1.19%||1,816.03|||
||||products|price||||e||2014|fo.com.cn|
|Pacific|concert|and||||||||||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|Ltd.|party of a|providing||||||||
||legal|labor||||||||
||person|service to||||||||
||that held|the||||||||
||over 5%|related||||||||
||shares of|parties||||||||
||the|||||||||
||Company|||||||||
|Total|||--|--|6416.26|--|--|--|--|
|Details of large-amount refunds|||Naught|||||||
||||On 28 May 2014, the Company convened the 2013 Annual Shareholders’ General|||||||
|Where the total amount of routine||||||||||
||||Meeting, at which the “Proposal on the Routine Related-party Transactions for 2014”|||||||
|related-party transactions to occur in the||||||||||
||||was reviewed and approved. It was estimated that the amount of routine transactions|||||||
|reporting period had been predicted by||||||||||
||||with related parties in 2014 would stand at RMB 185.35 million. In the reporting|||||||
|type, give the actual execution in the||||||||||
||||period, the actual amount of purchase from related parties was RMB 17.543 million|||||||
|reporting period (if any)||||||||||
||||and that of sale to related parties was RMB 46.6196 million.|||||||
|Explanation on significant difference||||||||||
|between the transaction price and the|||Inapplicable|||||||
|market price (if any).||||||||||

2. Related-party transactions arising from acquisition and sale of assets
□ Applicable√ Inapplicable
No related-party transaction arising from acquisition and sale of assets occurred to the Company during the reporting period.
3. Related-party transactions arising from joint investment in external parties
□ Applicable√ Inapplicable
No related-party transaction arising from joint investment in external parties occurred to the Company during the reporting period.
4. Credits and liabilities with related parties
□ Applicable√ Inapplicable
No credit or liability occurred to the Company and related parties during the reporting period.
5. Other significant related-party transactions
□ Applicable√ Inapplicable
No other significant related-party transactions occurred to the Company during the reporting period.
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. VIII. Occupation of theCompany’s funds for non-operating purposes by the controlling shareholder and its related parties
□ Applicable√ Inapplicable
The controlling shareholder or its related parties did not occupy theCompany’s funds for non-operating purposes during the reporting period.
IX. Significant contracts and fulfillment thereof
1. Trusteeship, contracting and leasing
(1) Trusteeship
□ Applicable√ Inapplicable
The Company did not make any entrustment in the reporting period.
(2) Contracting
□ Applicable√ Inapplicable
No contracting occurred to the Company in the reporting period.
(3) Leasing
√ Applicable□ Inapplicable
Particulars about the leasing:
The Company and Shanghai Jiabao Industry& Commerce (Group) Co., Ltd. (hereinafter referred to as “Shanghai Jiabao) signed<The Trademark LicenseAgreement>, where Shanghai Jiabao agreed to license the Company to exclusively use its trademarks “Hu Zi” (registration No.: 100940), “Lian He” (registration No.: 100950) and “Lian He” (registration No.: 3603597) from 1 Jan. 2014 to 31 Dec. 2016; and the Company shall pay to Shanghai Jiabao1% of the net sales of products produced by the Company and carrying the licensed trademarks as the license fee, but it shall not be less than RMB 1 million per year (for details, see the “Announcement No. 2014-002 on Signing<The Trademark LicenseAgreement>” disclosed on http://www.cninfo.com.cn dated 9 Jan. 2014).
Any leasing event incurring gain/loss reaching more than10% of the total profits of the Company in the reporting period
□ Applicable√ Inapplicable
No leasing event incurred gain/loss reaching more than10% of the total profits of the Company in the reporting period.
2. Guarantees provided by the company
□ Applicable√ Inapplicable
The Company did not provide any guarantee in the reporting period.
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. (1) Illegal provision of guarantees for external parties
□ Applicable√ Inapplicable
The Company did not illegally provide any guarantee for any external party in the reporting period.
3. Other significant contracts
□ Applicable√ Inapplicable
There was no other significant contract of the Company in the reporting period.
4. Other significant transactions
□ Applicable√ Inapplicable
There was no other significant transaction of the Company in the reporting period.
X. Commitments made by the Company or any shareholder holding over5% of theCompany’s shares in the reporting period or such commitments carried down into the reporting period
□ Applicable√ Inapplicable
No such commitments in the reporting period.
XI. Engagement and disengagement of the CPAs firm
Has the semi-annual financial report been audited?
□ Yes√ No
XII. Punishments and rectifications
□ Applicable√ Inapplicable
No punishments or rectifications in the reporting period.
XIII. Delisting risk due to violation of any law or regulation
□ Applicable√ Inapplicable
No such risk in the reporting period.
XIV. Other significant events
□ Applicable√ Inapplicable
No other significant event in the reporting period that needs to be explained.
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. Section VI. Change in Shares& Shareholders
I. Change in shares
Unit: Share
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
||Before the change||Increase/decrease (+, -)|||||After the change||
||||||Capitalizat|||||
|||Percentag|New|Bonus|ion of||||Percentag|
||Number|||||Other|Subtotal|Number||
|||e|shares|shares|capital||||e|
||||||reserve|||||
||135,203,3|||||||135,208,4||
|||13.82%||||5,025|5,025||13.82%|
|I. Restricted shares|81|||||||06||
|3. Shares held by other||||||||||
||3,387,696|0.35%||||5,025|5,025|3,392,721|0.35%|
|domestic investors||||||||||
|Among which: shares held||||||||||
||3,057,918|0.31%||||||3,057,918|0.31%|
|by domestic corporations||||||||||
|Shares held by domestic||||||||||
||329,778|0.03%||||5,025|5,025|334,803|0.03%|
|natural persons||||||||||
|4. Shares held by foreign|131,815,6|||||||131,815,6||
|||13.47%|||||||13.47%|
|investors|85|||||||85||
|Among which: Shares held|131,815,6|||||||131,815,6||
|||13.47%|||||||13.47%|
|by foreign corporations|85|||||||85||
||843,360,3|||||||843,355,3||
|||86.18%||||-5,025|-5,025||86.18%|
|II. Non-restricted shares|64|||||||39||
||618,139,3|||||||618,134,3||
|||63.17%||||-5,025|-5,025||63.17%|
|1. RMB ordinary shares|27|||||||02||
|2. Domestically listed|225,221,0|||||||225,221,0||
|||23.02%|||||||23.02%|
|foreign shares|37|||||||37||
||978,563,7|||||||978,563,7||
|III. Total shares||100.00%|||||||100.00%|
||45|||||||45||

Reason for the change in shares:
√ Applicable□ Inapplicable
In the reporting period, Chen Yu was hired as a vice GM of the Company,75% of whose 6,700 shares in the Company were thus locked up according to regulations. As such, the restricted shares increased by 5,025 shares. Approval of share changes
□ Applicable√ Inapplicable
Transfer of share ownership
□ Applicable√ Inapplicable
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. Effects of changes in shares on the basic EPS, diluted EPS, net assets per share attributable to common shareholders of the Company and other financial indexes over the last year and the last reporting period
□ Applicable√ Inapplicable
Other contents that the Company considers necessary or is required by the securities regulatory authorities to disclose
□ Applicable√ Inapplicable
Change of the total shares, shareholder structure, asset structure and liability structure
□ Applicable√ Inapplicable
II. Total number of shareholders and their shareholdings
Unit: share
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
||||||Total number of preferred shareholders who had resumed their||||||
|Total number of common|||||||||||
|shareholders at the end of the||120,845|||voting right at the end of the||||0||
|reporting period|||||reporting period (if any) (seenote 8)||||||
|Shareholdings of shareholders holding more than 5% shares or top 10 shareholders|||||||||||
|||||||Increase|||Pledged or frozen shares||
|||||||/decreas||Number|||
|||||Number of|||Number||||
|||||||e of||of|||
|||||shares held at|||of||||
|Name of|Nature of||Shareholding|||shares||non-rest|||
|||||the end of the|||restricte|||Number of|
|shareholder|shareholder||percentage (%)|||during||ricted|Status of shares||
|||||reporting|||d shares|||shares|
|||||||the||shares|||
|||||period|||held||||
|||||||reportin||held|||
|||||||g period|||||
|OSRAM HoldingCompanyLimited|Foreign corporation||13.47%|131,815,685||0|131,815,685|0|||
|Prosperity Lamps& ComponentsLimited|Foreign corporation||10.50%|102,751,648||0|0|102,751,648|||
|ChinaConstructionBank-FortuneSGAM IndustrialSelected StockFund|Domesticnon-state-ownedcorporation||1.65%|16,159,651|||0|16,159,651|||
|EssenceInternationalSecurities (HongKong) Co., Ltd.|Foreign corporation||1.41%|13,809,268||711191|0|13,809,268|||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
||||||||||
|-|-|-|-|-|-|-|-|-|
|East AsiaSecuritiesCompanyLimited|Foreign corporation|0.97%|9,527,080|0|0|9,527,080|||
|Bank ofChina-InvescoGreat WallDingyi StockOpen-ended Fund|Domesticnon-state-ownedcorporation|0.95%|9,328,356||0|9,328,356|||
|ChinaConstructionBank-ChinaAdvantageGrowth StockFund|Domesticnon-state-ownedcorporation|0.88%|8,568,664||0|8,568,664|||
|Zhuang Jianyi|Foreign individual|0.85%|8,324,132|0|0|8,324,132|||
|Merrill LynchInternational|Foreign corporation|0.84%|8,240,154||0|8,240,154|||
|DBSVickers(HongKong) Ltd A/CClients|Foreign corporation|0.81%|7,881,913|-4789828|0|7,881,913|||
|Strategic investor or general|||||||||
|corporation becoming a top ten|||||||||
|||Naught|||||||
|shareholder due to placing of new|||||||||
|shares (if any) (see Note 3)|||||||||
|||Among the top ten shareholders of the Company, Prosperity Lamps & Components|||||||
|Explanation on associated relationship||Limited and Zhuang Jianyi were related parties and acting-in-concert parties. Apart from|||||||
|or/and persons acting in concert among||that, it’s unknown whether there was any associated relationship among other shareholders|||||||
|the above-mentioned shareholders||of the top ten shareholders, or whether there is any action-in-concert among them|||||||
|||regarding to Administrative Measures on Acquisition of Listed Companies.|||||||
|Shareholdings of the top ten shareholders holding non-restricted shares|||||||||
|||Number of non-restricted shares held at the|||||Type of shares||
|Name of shareholder|||||||||
|||period-end|||||Type|Number|
|Prosperity Lamps & ComponentsLimited||102,751,648|||||RMB ordinary||
|||||||||102,751,648|
||||||||share||
|China Construction Bank-FortuneSGAM Industrial Selected Stock Fund||16,159,651|||||RMB ordinary||
|||||||||16,159,651|
||||||||share||
|Essence International Securities (HongKong) Co., Ltd.||13,809,268|||||Domestically||
||||||||listed foreign|13,809,268|
||||||||share||
|East Asia Securities Company Limited||9,527,080|||||Domestically||
|||||||||9,527,080|
||||||||listed foreign||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
|||||
|-|-|-|-|
|||share||
|Bank of China-Invesco Great WallDingyi Stock Open-ended Fund|9,328,356|RMB ordinary||
||||9,328,356|
|||share||
|China Construction Bank-ChinaAdvantage Growth Stock Fund|8,568,664|RMB ordinary||
||||8,568,664|
|||share||
|Zhuang Jianyi|8,324,132|Domestically||
|||listed foreign|8,324,132|
|||share||
|Merrill Lynch International|8,240,154|Domestically||
|||listed foreign|8,240,154|
|||share||
|DBS Vickers(Hong Kong) Ltd A/CClients|7,881,913|Domestically||
|||listed foreign|7,881,913|
|||share||
|Bank of Communications-FortisHaitong Selected Securities InvestmentFund|7,254,510|||
|||RMB ordinary||
||||7,254,510|
|||share||
|Explanation on associated relationship||||
||Among the top ten shareholders of the Company, Prosperity Lamps & Components|||
|or/and persons acting in concert among||||
||Limited and Zhuang Jianyi were related parties and acting-in-concert parties. Apart from|||
|the top ten tradable shareholders and||||
||that, it’s unknown whether there was any associated relationship among other shareholders|||
|between the top ten tradable||||
||of the top ten shareholders, or whether there is any action-in-concert among them|||
|shareholders and the top ten||||
||regarding to Administrative Measures on Acquisition of Listed Companies.|||
|shareholders||||
|Explanation on the top 10 shareholders||||
|participating in the margin trading|Naught|||
|business (if any) (see Note 4)||||

Did any shareholder of the Company carry out an agreed buy-back in the reporting period?
□ Yes√ No
No shareholder of the Company carried out any agreed buy-back in the reporting period.
III. Change of the controlling shareholder or the actual controller
Change of the controlling shareholder in the reporting period
□ Applicable√ Inapplicable
The controlling shareholder of the Company did not change in the reporting period.
Change of the actual controller in the reporting period
□ Applicable√ Inapplicable
The actual controller of the Company did not change in the reporting period.
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. IV. Any shareholding increase plan proposed or implemented by any shareholder or its act-in-concert party during the reporting period
□ Applicable√ Inapplicable
To the best knowledge of the Company, no shareholder or its act-in-concert party proposed or implemented any shareholding increase plan during the reporting period.
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. Section VII. Preferred Shares
Inapplicable
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. Section VIII. Directors, Supervisors& Senior Management Staff I. Change of shareholdings of directors, supervisors and senior management staff
□ Applicable√ Inapplicable
There was no change in the shareholdings of directors, supervisors and senior management staff in the reporting period. For details, please refer to the 2013 Annual Report.
II. Change of directors, supervisors and senior management staff
√ Applicable□ Inapplicable
||||||
|-|-|-|-|-|
|Name|Position|Type|Date|Reason|
|||||Hired by the Board of Directors as a vice|
|Chen Yu|Vice GM|Hired|13 May 2014||
|||||GM|

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. Section IX. Financial Report
I. Audit report
Has this semi-annual report been audited?
□ Yes√ No
The semi-annual financial report has not been audited.
II. Financial statements
Currency unit for the statements in the notes to these financial statements: RMB Yuan
1. Consolidated balance sheet
Prepared by Foshan Electrical and Lighting Co., Ltd.
Unit: RMB Yuan
||||
|-|-|-|
|Item|Closing balance|Opening balance|
|Current Assets:|||
|Monetary funds|861,415,714.44|897,675,824.22|
|Settlement reserves|||
|Intra-group lendings|||
|Transactional financial assets|998,152.00|3,903,197.90|
|Notes receivable|231,892,346.49|154,142,432.66|
|Accounts receivable|522,173,015.03|390,216,735.62|
|Accounts paid in advance|74,912,388.57|24,054,319.34|
|Premiums receivable|||
|Reinsurance premiums receivable|||
|Receivable reinsurance contract|||
|reserves|||
|Interest receivable|1,306,965.54|1,304,200.33|
|Dividends receivable|||
|Other accounts receivable|19,478,412.05|24,145,083.88|
|Financial assets purchased under|||
|agreement to resell|||
|Inventories|584,168,210.52|516,804,156.44|
|Non-current assets due within 1 year|||
|Other current assets|9,008,826.87|9,408,829.51|
|Total current assets|2,305,354,031.51|2,021,654,779.90|
|Non-current assets:|||
|Entrustment loans and advances|||
|granted|||
|Available-for-sale financial assets|59,808,790.72|62,634,402.88|

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
||||
|-|-|-|
|Held-to-maturity investments|||
|Long-term accounts receivable|||
|Long-term equity investments|483,662,974.53|492,153,947.39|
|Investing properties|0.00|0.00|
|Fixed assets|451,568,075.10|472,740,489.84|
|Construction in progress|94,422,223.49|75,044,472.56|
|Engineering materials|||
|Disposal of fixed assets|||
|Production biological assets|||
|Oil-gas assets|||
|Intangible assets|191,140,283.87|173,234,598.73|
|R&D expense|||
|Goodwill|6,603,743.83||
|Long-term deferred expenses|||
|Deferred income tax assets|29,056,163.52|28,924,666.74|
|Other non-current assets|51,429,822.41|47,394,194.81|
|Total non-current assets|1,367,692,077.47|1,352,126,772.95|
|Total assets|3,673,046,108.98|3,373,781,552.85|
|Current liabilities:|||
|Short-term borrowings|||
|Borrowings from the Central Bank|||
|Customer bank deposits and due to|||
|banks and other financial institutions|||
|Intra-group borrowings|||
|Transactional financial liabilities|||
|Notes payable|||
|Accounts payable|506,823,920.43|270,968,881.44|
|Accounts received in advance|57,304,411.41|45,620,298.34|
|Financial assets sold for repurchase|||
|Handling charges and commissions|||
|payable|||
|Payroll payable|54,711,416.32|60,636,740.85|
|Taxes and fares payable|44,456,205.21|19,571,121.78|
|Interest payable|||
|Dividends payable|||
|Other accounts payable|25,343,778.09|35,613,570.14|
|Reinsurance premiums payable|||
|Insurance contract reserves|||
|Payables for acting trading of securities|||
|Payables for acting underwriting of|||
|securities|||
|Non-current liabilities due within 1|||
|year|||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
||||
|-|-|-|
|Other current liabilities|||
|Total current liabilities|688,639,731.46|432,410,612.55|
|Non-current liabilities:|||
|Long-term borrowings|||
|Bonds payable|||
|Long-term payables|||
|Specific payables|||
|Projected liabilities|||
|Deferred income tax liabilities|4,470,340.29|4,891,338.97|
|Other non-current liabilities|10,982,550.93|11,092,550.73|
|Total non-current liabilities|15,452,891.22|15,983,889.70|
|Total liabilities|704,092,622.68|448,394,502.25|
|Owners’ equity (or shareholders’ equity)|||
|Paid-up capital (or share capital)|978,563,745.00|978,563,745.00|
|Capital reserves|615,192,336.87|617,594,107.21|
|Less: Treasury stock|||
|Specific reserves|0.00||
|Surplus reserves|622,494,531.96|622,494,531.96|
|Provisions for general risks|||
|Retained profits|704,318,477.82|671,929,537.57|
|Foreign exchange difference|||
|Total equity attributable to owners of the|||
||2,920,569,091.65|2,890,581,921.74|
|Company|||
|Minority interests|48,384,394.65|34,805,128.86|
|Total owners’ (or shareholders’) equity|2,968,953,486.30|2,925,387,050.60|
|Total liabilities and owners’ (or|||
||3,673,046,108.98|3,373,781,552.85|
|shareholders’) equity|||

Legal representative: Pan Jie Chief of the accounting work: Pan Jie Chief of the accounting organ: Yin Jianchun 2. Balance sheet of the Company
Prepared by Foshan Electrical and Lighting Co., Ltd.
Unit: RMB Yuan
||||
|-|-|-|
|Item|Closing balance|Opening balance|
|Current Assets:|||
|Monetary funds|552,886,955.79|581,390,386.39|
|Transactional financial assets|998,152.00|3,903,197.90|
|Notes receivable|227,817,682.74|153,942,432.66|
|Accounts receivable|535,077,480.13|428,330,282.09|
|Accounts paid in advance|61,726,024.05|29,435,327.20|
|Interest receivable|||
|Dividends receivable|||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
||||
|-|-|-|
|Other accounts receivable|78,223,792.61|71,612,354.13|
|Inventories|533,544,216.28|472,321,376.79|
|Non-current assets due within 1 year|||
|Other current assets|3,294,297.36|3,790,803.20|
|Total current assets|1,993,568,600.96|1,744,726,160.36|
|Non-current assets:|||
|Available-for-sale financial assets|59,808,790.72|62,634,402.88|
|Held-to-maturity investments|||
|Long-term accounts receivable|||
|Long-term equity investments|925,612,914.29|909,743,887.15|
|Investing properties|||
|Fixed assets|351,599,247.91|370,702,024.40|
|Construction in progress|92,506,898.67|74,051,205.53|
|Engineering materials||0.00|
|Disposal of fixed assets|||
|Production biological assets|||
|Oil-gas assets|||
|Intangible assets|127,533,077.27|129,859,177.45|
|R&D expenses|||
|Goodwill|||
|Long-term deferred expenses|||
|Deferred income tax assets|26,338,798.56|26,102,706.56|
|Other non-current assets|48,051,050.35|47,394,194.81|
|Total non-current assets|1,631,450,777.77|1,620,487,598.78|
|Total assets|3,625,019,378.73|3,365,213,759.14|
|Current liabilities:|||
|Short-term borrowings|||
|Transactional financial liabilities|||
|Notes payable|||
|Accounts payable|509,639,490.17|321,372,591.12|
|Accounts received in advance|55,059,878.54|45,547,349.36|
|Payroll payable|53,719,125.55|60,356,477.70|
|Taxes and fares payable|35,892,224.15|13,335,938.26|
|Interest payable|||
|Dividends payable|||
|Other accounts payable|80,049,313.90|60,963,050.92|
|Non-current liabilities due within 1|||
|year|||
|Other current liabilities|||
|Total current liabilities|734,360,032.31|501,575,407.36|
|Non-current liabilities:|||
|Long-term borrowings|||
|Bonds payable|||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
||||
|-|-|-|
|Long-term payables|||
|Specific payables|||
|Projected liabilities||0.00|
|Deferred income tax liabilities|4,470,340.29|4,891,338.97|
|Other non-current liabilities|10,130,050.79|10,162,550.77|
|Total non-current liabilities|14,600,391.08|15,053,889.74|
|Total liabilities|748,960,423.39|516,629,297.10|
|Owners’ equity (or shareholders’|||
|equity)|||
|Paid-up capital (or share capital)|978,563,745.00|978,563,745.00|
|Capital reserves|612,287,406.19|614,689,176.53|
|Less: Treasury stock|||
|Specific reserves||0.00|
|Surplus reserves|622,494,531.96|622,494,531.96|
|Provisions for general risks|||
|Retained profits|662,713,272.19|632,837,008.55|
|Foreign exchange difference|||
|Total owners’ (or shareholders’) equity|2,876,058,955.34|2,848,584,462.04|
|Total liabilities and owners’ (or|||
||3,625,019,378.73|3,365,213,759.14|
|shareholders’) equity|||

Legal representative: Pan Jie Chief of the accounting work: Pan Jie Chief of the accounting organ: Yin Jianchun 3. Consolidated income statement
Prepared by Foshan Electrical and Lighting Co., Ltd.
Unit: RMB Yuan
||||
|-|-|-|
|Item|Reporting period|Same period of last year|
|I. Operating revenues|1,543,058,758.03|1,208,260,446.06|
|Including: Sales income|1,543,058,758.03|1,208,260,446.06|
|Interest income|||
|Premium income|||
|Handling charge and|||
|commission income|||
|II. Operating costs|1,336,550,333.42|1,075,626,585.36|
|Including: Cost of sales|1,156,217,280.15|925,675,209.12|
|Interest expenses|||
|Handling charge and|||
|commission expenses|||
|Surrenders|||
|Net claims paid|||
|Net amount withdrawn for the|||
|insurance contract reserve|||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
||||
|-|-|-|
|Expenditure on policy dividends|||
|Reinsurance expenses|||
|Business tax and surtaxes|15,129,954.30|13,697,631.32|
|Selling expenses|62,967,912.93|44,431,240.08|
|Administrative expenses|104,495,339.45|77,932,401.53|
|Financial expenses|-5,733,347.63|-3,963,817.89|
|Asset impairment loss|3,473,194.22|17,853,921.20|
|Add: Gain/(loss) from change in fair|||
||1,115,756.46|-69,701.45|
|value (“-” for loss)|||
|Gain/(loss) from investment (“-”|||
||18,115,405.78|-945,061.26|
|for loss)|||
|Including: share of profits in associates|||
||-2,310,773.80|-301,861.76|
|and joint ventures|||
|Foreign exchange gains (“-” for loss)|||
|III. Operating profits (“-” for loss)|225,739,586.85|131,619,097.99|
|Add: non-operating income|3,294,367.06|71,680,160.17|
|Less: non-operating expense|115,455.48|10,700,438.83|
|Including: loss from non-current asset|||
||109,843.02|908,276.06|
|disposal|||
|IV. Total profits (“-” for loss)|228,918,498.43|192,598,819.33|
|Less: Income tax expense|41,689,863.95|39,614,342.25|
|V. Net profit (“-” for loss)|187,228,634.48|152,984,477.08|
|Including: Net profit achieved by|||
|combined parties before the|||
|combinations|||
|Attributable to owners of the|||
||188,959,139.45|153,047,291.37|
|Company|||
|Minority shareholders’ income|-1,730,504.97|-62,814.29|
|VI. Earnings per share|--|--|
|(I) Basic earnings per share|0.1931|0.1564|
|(II) Diluted earnings per share|0.1931|0.1564|
|Ⅶ. Other comprehensive incomes|-2,401,770.34|-3,802,803.04|
|Ⅷ. Total comprehensive incomes|184,826,864.14|149,181,674.04|
|Attributable to owners of the|||
||186,557,369.11|149,244,488.33|
|Company|||
|Attributable to minority|||
||-1,730,504.97|-62,814.29|
|shareholders|||

Legal representative: Pan Jie Chief of the accounting work: Pan Jie Chief of the accounting organ: Yin Jianchun
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. 4. Income statement of the Company
Prepared by Foshan Electrical and Lighting Co., Ltd.
Unit: RMB Yuan
||||
|-|-|-|
|Item|Reporting period|Same period of last year|
|I. Sales income|1,570,233,178.58|1,223,393,705.32|
|Less: cost of sales|1,211,678,092.30|960,725,666.05|
|Business tax and surtaxes|11,194,128.07|11,627,281.00|
|Selling expenses|60,991,976.26|43,727,705.08|
|Administrative expenses|89,859,368.24|73,053,854.25|
|Financial costs|-1,916,558.81|-621,497.90|
|Asset impairment loss|2,949,407.02|16,165,237.79|
|Add: gain/(loss) from change in|||
||1,115,756.46|-69,701.45|
|fair value (“-” for loss)|||
|Gain/(loss) from investment|||
||23,003,450.66|-2,324,333.77|
|(“-” for loss)|||
|Including: income form|||
|investment on associates and joint|-2,310,773.80|-301,861.76|
|ventures|||
|II. Operating profits (“-” for loss)|219,595,972.62|116,321,423.83|
|Add: non-operating income|3,124,825.27|71,489,414.54|
|Less: non-operating expense|66,956.52|9,340,695.22|
|Including: loss from|||
||61,753.86|908,276.06|
|non-current asset disposal|||
|III. Total profits (“-” for loss)|222,653,841.37|178,470,143.15|
|Less: income tax expense|36,207,378.53|34,154,458.36|
|IV. Net profit (“-” for loss)|186,446,462.84|144,315,684.79|
|V. Earnings per share|--|--|
|(I) Basic earnings per share|||
|(II) Diluted earnings per share|||
|VI. Other comprehensive income|-2,401,770.34|-3,802,803.04|
|VII. Total comprehensive income|184,044,692.50|140,512,881.75|

 Legal representative: Pan Jie Chief of the accounting work: Pan Jie Chief of the accounting organ: Yin Jianchun 5. Consolidated cash flow statement
Prepared by Foshan Electrical and Lighting Co., Ltd.
Unit: RMB Yuan
||||
|-|-|-|
|Item|Reporting period|Same period of last year|
|I. Cash flows from operating activities:|||
|Cash received from sale of|||
||1,333,941,842.20|1,172,739,056.38|
|commodities and rendering of service|||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
||||
|-|-|-|
|Net increase of deposits from|||
|customers and dues from banks|||
|Net increase of loans from the central|||
|bank|||
|Net increase of funds borrowed from|||
|other financial institutions|||
|Cash received from premium of|||
|original insurance contracts|||
|Net cash received from reinsurance|||
|business|||
|Net increase of deposits of policy|||
|holders and investment fund|||
|Net increase of disposal of tradable|||
|financial assets|||
|Cash received from interest, handling|||
|charges and commissions|||
|Net increase of intra-group|||
|borrowings|||
|Net increase of funds in repurchase|||
|business|||
|Tax refunds received|34,520,178.28|4,267,457.30|
|Other cash received relating to|||
||14,364,024.05|31,153,008.64|
|operating activities|||
|Subtotal of cash inflows from operating|||
||1,382,826,044.53|1,208,159,522.32|
|activities|||
|Cash paid for goods and services|802,239,813.12|736,896,903.91|
|Net increase of customer lendings|||
|and advances|||
|Net increase of funds deposited in the|||
|central bank and amount due from|||
|banks|||
|Cash for paying claims of the original|||
|insurance contracts|||
|Cash for paying interest, handling|||
|charges and commissions|||
|Cash for paying policy dividends|||
|Cash paid to and for employees|264,418,513.80|207,027,929.97|
|Various taxes paid|105,888,683.00|145,930,301.44|
|Other cash payment relating to|||
||71,837,267.84|106,592,134.39|
|operating activities|||
|Subtotal of cash outflows from|||
||1,244,384,277.76|1,196,447,269.71|
|operating activities|||
|Net cash flows from operating activities|138,441,766.77|11,712,252.61|

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
||||
|-|-|-|
|II. Cash flows from investing activities:|||
|Cash received from withdrawal of|||
||45,630,194.24|41,710,000.00|
|investments|||
|Cash received from return on|||
||22,174,444.40|1,365,712.54|
|investments|||
|Net cash received from disposal of|||
|fixed assets, intangible assets and other||24,189,200.00|
|long-term assets|||
|Net cash received from disposal of|||
|subsidiaries or other business units|||
|Other cash received relating to|||
|investing activities|||
|Subtotal of cash inflows from|||
||67,804,638.64|67,264,912.54|
|investing activities|||
|Cash paid to acquire fixed assets,|||
|intangible assets and other long-term|38,813,026.30|41,936,669.95|
|assets|||
|Cash paid for investment|38,823,057.64||
|Net increase of pledged loans|||
|Net cash paid to acquire subsidiaries|||
||11,512,886.32||
|and other business units|||
|Other cash payments relating to|||
|investing activities|||
|Subtotal of cash outflows from|||
||89,148,970.26|41,936,669.95|
|investing activities|||
|Net cash flows from investing activities|-21,344,331.62|25,328,242.59|
|III. Cash flows from financing|||
|activities:|||
|Cash received from capital|||
|contributions|||
|Including: Cash received from|||
|minority shareholder investments by|||
|subsidiaries|||
|Cash received from borrowings|||
|Cash received from issuance of|||
|bonds|||
|Other cash received relating to|||
||2,452.04||
|financing activities|||
|Subtotal of cash inflows from financing|||
||2,452.04|0.00|
|activities|||
|Repayment of borrowings|||
|Cash paid for interest expenses and|||
||149,551,837.14|284,036,742.40|
|distribution of dividends or profit|||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
||||
|-|-|-|
|Including: dividends or profit paid|||
|by subsidiaries to minority shareholders|||
|Other cash payments relating to|||
||2,034,300.00||
|financing activities|||
|Sub-total of cash outflows from|||
||151,586,137.14|284,036,742.40|
|financing activities|||
|Net cash flows from financing activities|-151,583,685.10|-284,036,742.40|
|IV. Effect of foreign exchange rate|||
||-1,773,859.83|-2,050,576.88|
|changes on cash and cash equivalents|||
|V. Net increase in cash and cash|||
||-36,260,109.78|-249,046,824.08|
|equivalents|||
|Add: Opening balance of cash and|||
||897,675,824.22|985,450,890.74|
|cash equivalents|||
|VI. Closing balance of cash and cash|||
||861,415,714.44|736,404,066.66|
|equivalents|||

Legal representative: Pan Jie Chief of the accounting work: Pan Jie Chief of the accounting organ: Yin Jianchun 6. Cash flow statement of the Company
Prepared by Foshan Electrical and Lighting Co., Ltd.
Unit: RMB Yuan
||||
|-|-|-|
|Item|Reporting period|Same period of last year|
|I. Cash flows from operating activities:|||
|Cash received from sale of|||
||1,312,983,459.34|1,158,623,534.80|
|commodities and rendering of service|||
|Tax refunds received|34,520,178.28|4,267,457.30|
|Other cash received relating to|||
||12,846,878.11|27,298,534.13|
|operating activities|||
|Subtotal of cash inflows from operating|||
||1,360,350,515.73|1,190,189,526.23|
|activities|||
|Cash paid for goods and services|970,871,859.20|796,901,956.65|
|Cash paid to and for employees|112,196,258.40|169,614,592.87|
|Various taxes paid|66,645,790.86|123,599,675.65|
|Other cash payment relating to|||
||66,072,257.30|104,395,965.90|
|operating activities|||
|Subtotal of cash outflows from|||
||1,215,786,165.76|1,194,512,191.07|
|operating activities|||
|Net cash flows from operating activities|144,564,349.97|-4,322,664.84|
|II. Cash flows from investing activities:|||
|Cash received from retraction of|||
||45,630,194.24|50,330,727.49|
|investments|||
|Cash received from return on|||
||27,062,489.28|1,365,712.54|
|investments|||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
||||
|-|-|-|
|Net cash received from disposal of|||
|fixed assets, intangible assets and other||24,189,200.00|
|long-term assets|||
|Net cash received from disposal of|||
|subsidiaries or other business units|||
|Other cash received relating to|||
|investing activities|||
|Subtotal of cash inflows from|||
||72,692,683.52|75,885,640.03|
|investing activities|||
|Cash paid to acquire fixed assets,|||
|intangible assets and other long-term|33,138,309.48|40,082,349.91|
|assets|||
|Cash paid for investment|63,183,057.64|15,000,000.00|
|Net cash paid to acquire subsidiaries|||
|and other business units|||
|Other cash payments relating to|||
|investing activities|||
|Subtotal of cash outflows from|||
||96,321,367.12|55,082,349.91|
|investing activities|||
|Net cash flows from investing activities|-23,628,683.60|20,803,290.12|
|III. Cash flows from financing|||
|activities:|||
|Cash received from capital|||
|contributions|||
|Cash received from borrowings|||
|Cash received from issuance of|||
|bonds|||
|Other cash received relating to|||
|financing activities|||
|Subtotal of cash inflows from financing|||
|activities|||
|Repayment of borrowings|||
|Cash paid for interest expenses and|||
||147,665,237.14|284,036,742.40|
|distribution of dividends or profit|||
|Other cash payments relating to|||
|financing activities|||
|Sub-total of cash outflows from|||
||147,665,237.14|284,036,742.40|
|financing activities|||
|Net cash flows from financing activities|-147,665,237.14|-284,036,742.40|
|IV. Effect of foreign exchange rate|||
||-1,773,859.83|-2,050,576.88|
|changes on cash and cash equivalents|||
|V. Net increase in cash and cash|||
||-28,503,430.60|-269,606,694.00|
|equivalents|||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
||||
|-|-|-|
|Add: Opening balance of cash andcash equivalents|||
||581,390,386.39|699,511,754.78|
|VI. Closing balance of cash and cashequivalents|||
||552,886,955.79|429,905,060.78|

Legal representative: Pan Jie Chief of the accounting work: Pan Jie Chief of the accounting organ: Yin Jianchun 7. Consolidated Statement of Changes inOwners’ Equity
Prepared by Foshan Electrical and Lighting Co., Ltd.
Reporting period
Unit: RMB Yuan
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
||Reporting period||||||||||
||Equity attributable to owners of the Company||||||||||
||Paid-up||||||||||
|||||||||||Total|
|Item|capital||Less:|||General|||Minority||
|||Capital||Specific|Surplus||Retaine|||owners’|
||(or||treasury|||risk||Others|interests||
|||reserve||reserve|reserve||d profit|||equity|
||share||stock|||reserve|||||
||capital)||||||||||
|I. Balance at the end of the|978,563|617,594,|||622,494||671,929,||34,805,12|2,925,387,|
|previous year|,745.00|107.21|||,531.96||537.57||8.86|050.60|
|Add: change of accounting|||||||||||
|policy|||||||||||
|Correction of errors in|||||||||||
|previous periods|||||||||||
|Other|||||||||||
|II. Balance at the beginning of|978,563|617,594,|||622,494||671,929,||34,805,12|2,925,387,|
|the year|,745.00|107.21|||,531.96||537.57||8.86|050.60|
|III. Increase/ decrease in the||-2,401,7|||||32,388,9||13,579,26|43,566,435|
|period (“-” means decrease)||70.34|||||40.25||5.79|.70|
||||||||188,959,||-1,730,50|187,228,63|
|(I) Net profit|||||||||||
||||||||139.45||4.97|4.48|
|(II) Other comprehensive||-2,401,7||||||||-2,401,770.|
|incomes||70.34||||||||34|
|||-2,401,7|||||188,959,||-1,730,50|184,826,86|
|Subtotal of (I) and (II)|||||||||||
|||70.34|||||139.45||4.97|4.14|
|(III) Capital paid in and|||||||||17,404,64|17,404,647|
|reduced by owners|||||||||7.14|.14|
|1. Capital paid in by|||||||||||
|owners|||||||||||
|2. Amounts of share-based|||||||||||
|payments recognized in|||||||||||
|owners’ equity|||||||||||
|3. Others|||||||||17,404,64|17,404,647|

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
||||||||
|-|-|-|-|-|-|-|
||||||7.14|.14|
|||||-156,57|-2,094,87|-158,665,0|
|(IV) Profit distribution|||||||
|||||0,199.20|6.38|75.58|
|1. Appropriations to|||||||
|surplus reserves|||||||
|2. Appropriations to|||||||
|general risk provisions|||||||
|3. Appropriations to||||-156,57|-2,094,87|-158,665,0|
|owners (or shareholders)||||0,199.20|6.38|75.58|
|4. Other|||||||
|(V) Internal carry-forward of|||||||
|owners’ equity|||||||
|1. New increase of capital|||||||
|(or share capital) from capital|||||||
|public reserves|||||||
|2. New increase of capital|||||||
|(or share capital) from surplus|||||||
|reserves|||||||
|3. Surplus reserves for|||||||
|making up losses|||||||
|4. Other|||||||
|(Ⅵ) Specific reserve|||||||
|1. Withdrawn for the|||||||
|period|||||||
|2. Used in the period|||||||
|(Ⅶ) Other|||||||
||978,563|615,192,|622,494|704,318,|48,384,39|2,968,953,486.30|
|IV. Closing balance|||||||
||,745.00|336.87|,531.96|477.82|4.65||

 Same period of last year
Unit: RMB Yuan
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
||Same period of last year||||||||||
||Equity attributable to owners of the Company||||||||||
||Paid-up||||||||||
|||||||||||Total|
|Item|capital||Less:|||General|||Minority||
|||Capital||Specific|Surplus||Retaine|||owners’|
||(or||treasury|||risk||Others|interests||
|||reserve||reserve|reserve||d profit|||equity|
||share||stock|||reserve|||||
||capital)||||||||||
|I. Balance at the end of the|978,563|625,595,|||622,494||723,452,||47,096,24|2,997,203,|
|previous year|,745.00|757.07|||,531.96||942.14||3.24|219.41|
|Add: retrospective|||||||||||
|adjustment due to business|||||||||||
|combination under the same|||||||||||
|control|||||||||||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
||||||||
|-|-|-|-|-|-|-|
|Add: change of accounting|||||||
|policy|||||||
|Correction of errors in|||||||
|previous periods|||||||
|Other|||||||
|II. Balance at the beginning of|978,563|625,595,|622,494|723,452,|47,096,24|2,997,203,|
|the year|,745.00|757.07|,531.96|942.14|3.24|219.41|
|III. Increase/ decrease in the||-3,802,8||-150,30|-62,814.2|-154,173,0|
|period (“-” means decrease)||03.04||7,469.58|9|86.91|
|||||153,047,|-62,814.2|152,984,47|
|(I) Net profit|||||||
|||||291.37|9|7.08|
|(II) Other comprehensive||-3,802,8||||-3,802,803.|
|incomes||03.04||||04|
|||||153,047,|-62,814.2|149,181,67|
|Subtotal of (I) and (II)|||||||
|||||291.37|9|4.04|
|(III) Capital paid in and|||||||
|reduced by owners|||||||
|1. Capital paid in by|||||||
|owners|||||||
|2. Amounts of share-based|||||||
|payments recognized in|||||||
|owners’ equity|||||||
|3. Others|||||||
|||||-303,35||-303,354,7|
|(IV) Profit distribution|||||||
|||||4,760.95||60.95|
|1. Appropriations to|||||||
|surplus reserves|||||||
|2. New increase of capital|||||||
|(or share capital) from surplus|||||||
|reserves|||||||
|3. Surplus reserves for||||-303,35||-303,354,7|
|making up losses||||4,760.95||60.95|
|4. Other|||||||
|(V) Internal carry-forward of|||||||
|owners’ equity|||||||
|1. New increase of capital|||||||
|(or share capital) from capital|||||||
|public reserves|||||||
|2. New increase of capital|||||||
|(or share capital) from surplus|||||||
|reserves|||||||
|3. Surplus reserves for|||||||
|making up losses|||||||
|4. Other|||||||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
||||||||
|-|-|-|-|-|-|-|
|(Ⅵ) Specific reserve|||||||
|1. Withdrawn for theperiod|||||||
|2. Used in the period|||||||
|(Ⅶ) Other|||||||
|IV. Closing balance|978,563|621,792,|622,494|573,145,|47,033,428.95|2,843,030,|
||,745.00|954.03|,531.96|472.56||132.50|

 Legal representative: Pan Jie Chief of the accounting work: Pan Jie Chief of the accounting organ: Yin Jianchun 8. Statement of changes inowners’ equity of the Company
Prepared by Foshan Electrical and Lighting Co., Ltd.
Reporting period
Unit: RMB Yuan
||||||||||
|-|-|-|-|-|-|-|-|-|
||Reporting period||||||||
||Paid-up||||||||
||||Less:|||General||Total|
|Item|capital (or|Capital||Specific|Surplus||Retained||
||||treasury|||risk||owners’|
||share|reserve||reserve|reserve||profit||
||||stock|||reserve||equity|
||capital)||||||||
|I. Balance at the end of the|978,563,74|614,689,17|||622,494,53||632,837,00|2,848,584,|
|previous year|5.00|6.53|||1.96||8.55|462.04|
|Add: change of accounting|||||||||
|policy|||||||||
|Correction of errors in|||||||||
|previous periods|||||||||
|Other|||||||||
|II. Balance at the beginning of|978,563,74|614,689,17|||622,494,53||632,837,00|2,848,584,|
|the year|5.00|6.53|||1.96||8.55|462.04|
|III. Increase/ decrease in the||-2,401,770.|||||29,876,263|27,474,493|
|period (“-” means decrease)||34|||||.64|.30|
||||||||186,446,46|186,446,46|
|(I) Net profit|||||||||
||||||||2.84|2.84|
|(II) Other comprehensive||-2,401,770.||||||-2,401,770.|
|incomes||34||||||34|
|||-2,401,770.|||||186,446,46|184,044,69|
|Subtotal of (I) and (II)|||||||||
|||34|||||2.84|2.50|
|(III) Capital paid in and|||||||||
|reduced by owners|||||||||
|1. Capital paid in by owners|||||||||
|2. Amounts of share-based|||||||||
|payments recognized in owners’|||||||||
|equity|||||||||
|3. Others|||||||||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
|||||||
|-|-|-|-|-|-|
|||||-156,570,1|-156,570,1|
|(IV) Profit distribution||||||
|||||99.20|99.20|
|1. Appropriations to surplus||||||
|reserves||||||
|2. Appropriations to general||||||
|risk provisions||||||
|3. Appropriations to owners||||-156,570,1|-156,570,1|
|(or shareholders)||||99.20|99.20|
|4. Other||||||
|(V) Internal carry-forward of||||||
|owners’ equity||||||
|1. New increase of capital||||||
|(or share capital) from capital||||||
|public reserves||||||
|2. New increase of capital||||||
|(or share capital) from surplus||||||
|reserves||||||
|3. Surplus reserves for||||||
|making up losses||||||
|4. Other||||||
|(Ⅵ) Specific reserve||||||
|1. Withdrawn for the period||||||
|2. Used in the period||||||
|(Ⅶ) Other||||||
||978,563,74|612,287,40|622,494,53|662,713,27|2,876,058,955.34|
|IV. Closing balance||||||
||5.00|6.19|1.96|2.19||

 Same period of last year
Unit: RMB Yuan
||||||||||
|-|-|-|-|-|-|-|-|-|
||Same period of last year||||||||
||Paid-up||||||||
||||Less:|||General||Total|
|Item|capital (or|Capital||Specific|Surplus||Retained||
||||treasury|||risk||owners’|
||share|reserve||reserve|reserve||profit||
||||stock|||reserve||equity|
||capital)||||||||
|I. Balance at the end of the|978,563,74|619,092,42|||583,537,29||584,004,85|2,765,198,|
|previous year|5.00|2.15|||0.22||7.71|315.08|
|Add: change of accounting|||||||||
|policy|||||||||
|Correction of errors in|||||||||
|previous periods|||||||||
|Other|||||||||
|II. Balance at the beginning of|978,563,74|619,092,42|||583,537,29||584,004,85|2,765,198,|
|the year|5.00|2.15|||0.22||7.71|315.08|
|III. Increase/ decrease in the||3,402,507.|||38,957,241||105,974,23|148,333,98|

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
|||||||
|-|-|-|-|-|-|
|period (“-” means decrease)||98|.74|9.41|9.13|
|||||389,572,41|389,572,41|
|(I) Net profit||||||
|||||7.40|7.40|
|(II) Other comprehensive||3,402,507.|||3,402,507.|
|incomes||98|||98|
|||3,402,507.||389,572,41|392,974,92|
|Subtotal of (I) and (II)||||||
|||98||7.40|5.38|
|(III) Capital paid in and||||||
|reduced by owners||||||
|1. Capital paid in by owners||||||
|2. Amounts of share-based||||||
|payments recognized in owners’||||||
|equity||||||
|3. Others||||||
||||38,957,241|-283,598,1|-244,640,9|
|(IV) Profit distribution||||||
||||.74|77.99|36.25|
|1. Appropriations to surplus|||38,957,241|-38,957,24||
||||||0.00|
|reserves|||.74|1.74||
|2. Appropriations to general||||||
|risk provisions||||||
|3. Appropriations to owners||||-244,640,9|-244,640,9|
|(or shareholders)||||36.25|36.25|
|4. Other||||||
|(V) Internal carry-forward of||||||
|owners’ equity||||||
|1. New increase of capital||||||
|(or share capital) from capital||||||
|public reserves||||||
|2. New increase of capital||||||
|(or share capital) from surplus||||||
|reserves||||||
|3. Surplus reserves for||||||
|making up losses||||||
|4. Other||||||
|(Ⅵ) Specific reserve||||||
|1. Withdrawn for the period||||||
|2. Used in the period||||||
|(Ⅶ) Other||||||
||978,563,74|622,494,93|622,494,53|689,979,09|2,913,532,|
|IV. Closing balance||||||
||5.00|0.13|1.96|7.12|304.21|

Legal representative: Pan Jie Chief of the accounting work: Pan Jie Chief of the accounting organ: Yin Jianchun
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. III. Company Profile
Company history
Foshan Electrical& Lighting Co., Ltd. (hereinafter referred to as “the Company”), a joint-stock limited company jointly founded by Foshan Electrical and Lighting Company, Nanhai Wuzhuang Color Glazed Brick Field, and Foshan Poyang Printing Industrial Co. on Oct. 20, 1992 by raising funds under the approval of YGS (1992) No. 63 Document issued by the Joint Examination Group for Experimental Enterprises in Stock System of Guangdong Province and the Economic System Reform Commission of Guangdong Province, is an enterprise with its shares held by both the corporate and the natural persons. As approved by China Securities Regulatory Commission with Document (1993) No. 33, the Company publicly issued 19.3 million shares of social public shares (A shares) to the public in Oct., 1993, and was listed in Shenzhen Stock Exchange for trade on Nov. 23, 1993. The Company was approved to issue 50,000,000 B shares on Jul. 23, 1995. And, as approved to change into a foreign-invested stock limited company on Aug. 26, 1996 by (1996) WJMZEHZ No. 466 Document issued by the Ministry of Foreign Trade and Economic Cooperation of thePeople’s Republic of China. On Dec. 11, 2000, as approved by China Securities Regulatory Commission with ZJGS Zi[2000] No. 175 Document, the Company additionally issued 55,000,000 A shares. At approved by theShareholders’ General Meeting 2006, 2007 and 2008, the Company implemented the plan of capitalization of capital reserve, after the transfer, the registered capital of the Company has increased to RMB 978,563,745.00 Yuan.
Registration code for corporate business license: 440000400010049
Legal representative: Mr. Pan Jie
Address: No. 64, Fenjiang North Road, Foshan, Guangdong Province
Business scope of the Company
R&D and production of electro-optical source products, electro-optical source equipment and electro-optical accessories, electro-optical materials, lamps and components, electrical engineering materials, accessories for motor vehicles, household appliances, electrical switches, outlet, fire fighting products, ventilation equipment, LED products, lithium-ion battery and other materials, sale of those products on both the domestic and overseas markets, and the relevant engineering consultation service. The main products of the Company include all kinds of electro-optical source products.
Basic organizational structure of the Company
Shareholders’ General Meeting is the highest authority organ of the Company, Board of Directors is an executive organ to carry out the provisions formulated by theShareholders’ General Meeting, Board of supervisors is an internal supervision organ of the Company, and the General Manager is responsible for routine operation and management. Up till the end of the reporting period, the Company owns nine actually controlled subsidiaries, i.e. Foshan Chanchang Electric Appliance (Gaoming) Co., Ltd., Foshan Chansheng Electronic Ballast Co., Ltd., Foshan Taimei Times Lamps and Lanterns Co., Nanjing Fozhao Lighting Components Co., Ltd., FSL (Xinxiang) Lighting Co., Ltd., Foshan Electrical and Lighting Engineering Co., Ltd., Foshan Lighting Lamps and Lanterns Co., Ltd., Guangdong Fozhao Leasing Co., Ltd. and Suzhou Mont Lighting Co., Ltd.
IV. Main accounting policies, accounting estimates and corrections of prior accounting errors
1. Basis for preparation of financial statements
With going-concern assumption as the basis, the Company prepares its financial statement in light of the actual
transactions and matters, as well as the accounting standard for business enterprise-basic standard promulgated by
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. the Ministry of Finance of PRC in 15 Feb. 2006, other specific accounting standards, and the relevant provisions of application guide and interpretation, as well as the following primary accounting policies and accounting estimates.
2. Statement of compliance with Corporate Accounting Standards
The financial statements prepared by the Company is in compliance with the requirements of Accounting Standard for Business Enterprises, which gives a true and fair view of the state of affairs of the Company as for the financial status and operating results& cash flows.
3. Accounting period
A fiscal year starts on 1 January and ends on 31 Dec. according to the Gregorian calendar.
4. Recording currency
Renminbi is the recording currency for the Company.
5. Measurement method for the business combination under the same control and business combination not under the same control
(1) Business combination under the same control
In a business combination under the same control, the assets and liabilities that the combining party obtains in a business combination shall be measured on the basis of their carrying amount in the combined party on the combining date. As for the balance between the carrying amount of the net assets obtained by the combining party and the carrying amount of the consideration paid by it, the additional paid-in capital shall be adjusted. If the additional paid-in capital is not sufficient to be offset, the retained earnings shall be adjusted.
(2) Business combination not under the same control
In a business combination not under the same control, the combination costs shall be the fair values, on the acquisition date, of the assets paid, the liabilities incurred or assumed and the equity securities issued by the acquirer in exchange for the control on the acquiree. The positive balance between the combination costs and the fair value of the identifiable net assets it obtains from the acquiree shall be recognized as goodwill. The negative balance between the combination costs and the fair value of the identifiable net assets it obtains from the acquiree shall be recorded into the profits and losses of the current period after the reexamination.
6. Preparation methods for consolidated financial statements
(1) Preparation methods for consolidated financial statements
The scope of consolidation of consolidated financial statements shall include the Company and all its subsidiaries. The operating outcomes and financial status of the subsidiaries shall be included in the consolidated financial statements from start date of the control to end date of the control.
The subsidiaries that the Company obtains due to business combination under the same control shall be included into the scope of consolidation when preparing the consolidated financial statements of the current period, and the beginning balance in the consolidated financial statement and prior comparison sheet shall be adjusted accordingly.
As for the subsidiaries that the Company obtains due to business combination not under the same control, their financial statements shall be adjusted based on the fair value of each identifiable asset and liability determined on the combining date when preparing the consolidated financial statements of the current period. Such combined subsidiaries shall be included into the scope of consolidation from the combining date.
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. If the accounting period and accounting policies adopted by a subsidiary are different from those adopted by the Company, when preparing the consolidated financial statement, necessary adjustments shall be made to the financial statements of the subsidiary under the accounting period and accounting policies adopted by the Company. Within the scope of consolidation, all significant transactions between the enterprises, balance and unrealized profits and losses shall be offset when preparing the consolidated financial statement. As for the unrealized losses occurred in the internal transaction, if there is evidence shows that such loss is impairment loss on relevant assets, it shall not be offset. The equity and profits& losses attributable to minority shareholders of the subsidiary shall be particularly presented in the item of“shareholder’s equity” in the consolidated balance sheets and in the item of “net profit” in the consolidated income statement respectively.
(2) Relevant accounting method shall be revealed for the equity of a same subsidiary purchased and sold in successive two fiscal years
Naught
7. Recognition standards for cash and cash equivalents
The term “cash equivalents” refers to short-term ( within 3 months from the purchase date) and highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of change in value.
8. Foreign currency and accounting method for foreign currency
(1) Foreign currency
Foreign currency shall be recognized by employing systematic and reasonable methods, and shall be translated into the amount in the functional currency at the exchange rate which is approximate to the spot exchange rate of the transaction date. On the balance sheet date, the foreign currency monetary items shall be translated at the spot exchange rate. The balance of exchange arising from the difference between the spot exchange rate on the balance sheet date and the spot exchange rate at the time of initial recognition or prior tot the balance sheet date shall be recorded into the profits and losses at the current period except that the balance of exchange arising from foreign currency borrowings for the purchase and construction or production of qualified assets shall be capitalized. The foreign currency non-monetary items measured at the historical cost shall still be translated at the spot exchange rate on the transaction date.
(2) Accounting method for foreign currency
Naught
9. Financial instruments
Financial instruments include financial assets, financial liabilities and equity instruments.
(1) Category of financial instruments
Financial assets shall be classified into the following four categories when they are initially recognized: Financial assets measured at fair value and of which variations are recorded in the profits and losses for the current period, loans and the account receivables, financial assets available for sale and the investments which will be held to their maturity.
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. Financial liabilities shall be classified into the following two categories when they are initially recognized: (1) the Trading financial liabilities; and (2) other financial liabilities.
(2) Recognition and Measurement of Financial Liabilities
Financial assets, at their initial recognition, shall be measured at fair value. As for financial assets measured at fair value and of which variations are recorded in the profits and losses for the current period, the relevant trading expenses shall be directly recorded into the profits and losses of the current period; for other categories of financial assets, the transaction expenses thereof shall be included into the initially recognized amount.
Financial assets measured at fair value and of which variations are recorded in the profits and losses for the current period refer to financial assets held by the Company for the purpose of selling in the near future, including trading financial assets, or financial assets designated by the management in the initial recognition to be measured at fair value with variations recorded in the gains and losses for the current period. Financial assets measured at fair value and of which variations are recorded in the profits and losses for the current period are subsequently measured at their fair values. Interest or cash dividends arising from such assets during the holing period are recognized as investment gains. Gains or losses arising from fair value changes are recorded in the gains and losses for the current period at the end of the reporting period. When such assets are disposed, the difference between their fair values and initially recognized amounts is recognized as investment gains and the gains and losses arising from fair value changes are adjusted accordingly.
Loan and accounts receivable: The non-derivative financial assets for which there is no quoted price in the active market and of which the recoverable amount is fixed or determinable shall be classified as loan and accounts receivable. The Company shall make subsequent measurement on its loan and accounts receivable on the basis of the post-amortization costs by adopting the actual interest rate, from which gains and losses, when loan and accounts receivable are terminated from recognizing, or are impaired or amortized, shall be recorded into the profits and losses of the current period.
Available-for-sale financial assets: the non-derivative financial assets which are designated as available-for-sale financial assets when they are initially recognized as well as the non-derivative financial assets other than loans and accounts receivables, investments held until their maturity; and transaction financial assets. The Company shall make subsequent measurement on available-for-sale financial assets at fair value, and the profits and losses arising from the change in the fair value shall be directly recorded into theowner’s equity, until the said financial assets shall be transferred out when they are terminated from recognizing or are impaired, which shall be recorded into the profits and losses of current period. Where the intention of holding or the ability to hold changes, or the fair value can not be reliably measured any more, or the term of holding has exceeded "two complete accounting years", which makes it no longer suitable to measure the available-for-sale financial assets at its fair value, the Company concerned may measure the said financial assets on the basis of post-amortization cost. And such post-amortization cost at the re-classification day shall be the carrying amount of the financial assets. The gains or losses that are related to the said financial assets and that are directly included in theowner’s equity shall be dealt with according to the following provisions:① Where such financial asset has a fixed date of maturity, it shall be amortized within the remaining period of the said financial asset by adopting the actual interest rate method and be recorded into the profits and losses of the current period. The gap between the post-amortization cost of the financial asset and the amount on the maturity date shall also be amortized within the remaining period of the said financial asset by adopting the actual interest rate method and be recorded into the profits and losses of the current period. If, during the subsequent accounting period, the financial asset is impaired, the relevant profits and losses that were included in theowner’s equity shall be transferred out and be recorded into the current profits and losses.② Where such financial asset does not have a fixed date of maturity, it shall remain in theowner’s equity. Where
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. such financial asset is transferred out when it is impaired or determined from recognizing during the remaining period of accounting that follows, and shall be recorded into the profits and losses of the current period
Held-to-maturity Investments: non-derivative financial asset with a fixed date of maturity, a fixed or determinable recoverable amount and which theCompany’s management holds for a definite purpose or theCompany’s management is able to hold until its maturity. The Company shall make subsequent measurement on its Held-to-maturity Investments on the basis of the post-amortization costs by adopting the actual interest rate, from which gains and losses, when loan and accounts receivable are terminated from recognizing, or are impaired or amortized, shall be recorded into the profits and losses of the current period. Where part of the held-to-maturity investment is sold or the re-classified amount thereof is considerably large, so that the remainder of the said investment is no longer suitable to be classified as a held-to-maturity investment, the Company shall re-classify the remainder of the said investment as an available-for-sale financial asset, and shall make subsequent measurement on it according to its fair value on the re-classification day, and no longer re-classify the said financial asset as held-to-maturity investment in the current fiscal year and the subsequent two complete accounting years. The gap between the carrying amount of the said remnant part of the investment at the re-classification day and the fair value shall be computed into theowner’s equity. And when the said available-for-sale financial asset is terminated from recognition or transferred out when it is impaired, it shall be recorded into the profits and losses of the current period.
The financial liabilities initially recognized by the Company shall be measured at their fair values. For the Trading financial liabilities, the transaction expenses thereof shall be directly recorded into the profits and losses of the current period; for other categories of financial liabilities, the transaction expenses thereof shall be included into the initially recognized amount.
Trading financial liabilities: such financial liabilities held by the Company for the purpose for repurchasing at the fair value in the near future, and financial liabilities formed a part of combination of financial instruments which are managed by way of short-term profit making in the near future, and derivative financial liabilities (the designated derivative instruments which are effective hedging instruments, or derivative instruments to financial guarantee contracts, and the derivative instruments which are connected with the equity instrument investment for which there is no quoted price in the active market, whose fair value cannot be reliably measured, and which shall be settled by delivering the said equity instruments) shall be classified as trading financial liabilities. Subsequent measurement of transaction financial liabilities shall be measured at fair value, and the profits and losses arising from the change in the fair value shall be recorded into the profits and losses of the current period.
Other financial liabilities: The Company shall make subsequent measurement on its other financial liabilities on the basis of the post-amortization costs by adopting the actual interest rate, from which gains and losses, when other financial liabilities are terminated from recognizing or amortized, shall be recorded into the profits and losses of the current period.
Determination of the Fair Value of Financial Instruments
—As for the financial instruments for which there is an active market, the quoted prices in the active market shall be used to determine the fair values thereof. Where there is no active market for a financial instrument, the Company concerned shall adopt value appraisal techniques to determine its fair value. The value appraisal techniques mainly include the prices adopted by the parties, who are familiar with the condition, in the latest market transaction upon their own free will, the current fair value obtained by referring to other financial instruments of the same essential nature, the cash flow capitalization method and the option pricing model, etc.
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. (3) Recognition and Accounting Method for Transfer of Financial Assets
Where transfer of financial assets occurs in the Company, if the Company has transferred nearly all of risks and rewards related to the ownership of the financial asset to the transferee, it shall stop recognizing the financial asset. If it retained nearly all of the risks and rewards related to the ownership of the financial asset, it shall not stop recognizing the financial asset. When the Company makes a judgment about whether the transfer of a financial asset satisfies all the above conditions to stop the recognition, the Company adopts the code of “Rather substantial than superficial”. The Company differentiates the transfer of financial asset into the entire transfer and the partial transfer of financial assets. If the transfer of an entire financial asset satisfies the conditions for stopping recognition, the difference between the amounts of the following 2 items shall be recorded in the profits and losses of the current period: (1)The book value of the transferred financial asset; (2)The sum of consideration received from the transfer, and the accumulative amount of the changes of the fair value originally recorded in the owner's equities (in the event that the financial asset involved in the transfer is a financial asset available for sale). If the transfer of partial financial asset satisfies the conditions to stop the recognition, the entire book value of the transferred financial asset shall, between the portion whose recognition has been stopped and the portion whose recognition has not been stopped (under such circumstance, the service asset retained shall be deemed as a portion of financial asset whose recognition has not been stopped), be apportioned according to their respective relative fair value, and the difference between the amounts of the following 2 items shall be included into the profits and losses of the current period : (1) The book value of the portion whose recognition has been stopped; (2) The sum of consideration of the portion whose recognition has been stopped, and the portion of the accumulative amount of the changes in the fair value originally recorded in the owner's equities which is corresponding to the portion whose recognition has been stopped (in the event that the financial asset involved in the transfer is a financial asset available for sale). If the transfer of a financial assetdoesn’t satisfy the conditions to stop the recognition, the Company shall continue to recognize the financial asset and shall recognize the consideration it receives as a financial liability.
(4) Recognition Conditions for Termination of Financial Liabilities
When the prevailing obligations of a financial liability are relieved in all or in part may the recognition of the financial liability be terminated in all or partly. If the Company enters into an agreement with creditor so as to substitute the existing financial liabilities by way of any new financial liability, and if the contractual stipulations regarding the new financial liability is substantially different from that regarding the existing financial liability, the Company shall terminate the recognition of the existing financial liability, and shall at the same time recognize the new financial liability. Where the Company makes substantial revisions to some or all of the contractual stipulations of the existing financial liability, it shall terminated the recognition of the existing financial liability or part of it, and at the same time recognize the financial liability after revising the contractual stipulations as a new financial liability. Where the recognition of a financial liability is totally or partially terminated, the Company shall include into the profits and losses of the current period the gap between the carrying amount which has been terminated from recognition and the considerations it has paid (including the non-cash assets it has transferred out and the new financial liabilities it has assumed). If the Company buys back part of its financial liabilities, it shall distribute, on the report day, the carrying amount of the whole financial liabilities in light of the comparatively fair value of the part that continues to be recognized and the part whose recognition has already been terminated and carries out distribution of the overall book value of the financial liability. The gap between the carrying amount which is distributed to the part whose recognition has terminated and the considerations it has paid (including the non-cash assets it has transferred out and the new financial liabilities it has assumed) shall be recorded into the profits and losses of the current period.
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. (5) Recognition of Financial Assets and Financial Liabilities
As for the financial assets and financial liabilities that the Company measured by fair value, they all refer to the quoted prices in the active market.
(6) Withdrawal of Impairment Provision for Financial Assets (excluding Accounts Receivable)
—The Company shall carry out an inspection, on the balance sheet day, on the carrying amount of the financial assets other than those transactional financial assets. Where there is any objective evidence proving that such financial asset has been impaired, an impairment provision shall be made.
— Measurement for impairment of financial assets measured on the basis of the post-amortization costs
Where there is any objective evidence proving that a financial asset measured on the basis of post-amortization costs is impaired, the carrying amount of the said financial asset shall be written down to the current value of the predicted future cash flow (excluding the loss of future credits not yet occurred), and the amount as written down shall be recognized as loss of the impairment of the asset and shall be recorded into the profits and losses of the current period. An impairment test shall be made on the financial assets with significant single amounts. With regard to the financial assets with insignificant single amounts, an impairment test may be carried out by independent or combination. Where, upon independent test, the financial asset has not been impaired, it shall be included in a combination of financial assets with similar risk features so as to conduct another impairment test. The financial assets which have suffered from an impairment loss in any single amount shall not be included in any combination of financial assets with similar risk features for any impairment test. During the follow-up period, if there is any objective evidence proving that the value of the said financial asset has been restored, and it is objectively related to the events that occur after such loss is recognized, the impairment-related losses as originally recognized shall be reversed and be recorded into the profits and losses of the current period. However, the reversed carrying amount shall not be any more than the post-amortization costs of the said financial asset on the day of reverse under the assumption that no provision is made for the impairment. Where any financial asset measured on the basis of post-amortization costs is recognized as having loss, the relevant impairment provision withdrawn shall be written off.
— Available-for-sale financial assets
Where a available-for-sale financial asset is impaired, even if the recognition of the financial asset has not been terminated, the accumulative losses arising from the decrease of the fair value of theowner’s equity which was directly included shall be transferred out and recorded into the profits and losses of the current period. The accumulative losses that are transferred out shall be the net amount obtained from the initially obtained costs of the sold financial asset after deducting the principals as taken back, the current fair value and the impairment-related losses as was recorded into the profits and losses of the current period.
Each recognition standard of each kind of available-for-sale financial assets impairment
(7) Notes on Basis of Hold-to-Maturity Investment undue that reclassified into Available-for-Sales Financial Assets
Naught
10. Recognition and Withdrawal Method for Bad-debt Provisions for Accounts Receivable
Accounts receivable of the Company mainly including accounts receivable and other receivables. The Company conducts a check to the book value of accounts receivable at the Balance Sheet Date, if there is any objective evidence proving that the accounts receivable is impaired, it shall be recorded into provision for bad debts.
(1) Provisions for Bad-debt Accounts Receivable with a significant single amount
|||
|-|-|
|Definition or amount criteria for an account receivable with a|Accounts receivable with a significant single amount refer to|

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
|||
|-|-|
|significant single amount|the top five accounts receivable with the largest balances or|
||accounts accounting for over 10% of the total balance of|
||receivables.|
||Where there is objective evidence proving that the Company|
||is not able to recover the full amount of an account receivable|
||according to the original terms in relation to the account, an|
||independent impairment test is carried out on the account|
||receivable and the bad-debt provision is made according to|
|Making individual bad-debt provisions for accounts receivable with||
||the difference between the present value of the account’s|
|a significant single amount||
||future cash flows and the account’s carrying amount. If the|
||independent impairment test shows that the account|
||receivable has not been impaired, the balance of the account|
||is put into the corresponding group and the bad-debt|
||provision is made using the balance percentage method.|

 (2) Accounts receivable for which bad-debt provisions are made on the group basis
||||
|-|-|-|
|Group name|Withdraw method|Basis for recognition of group|
|||Accounts receivable arising from other common transactions|
|||than internal transactions are classified according to credit risk|
|Common transaction group|Balance percentage method||
|||features.|
|||Accounts receivable arising from internal transactions within the|
|||scope of the consolidation statements are classified according to|
|Internal transaction group|Other methods||
|||credit risk features.|

In the groups, those adopting aging analysis method to withdraw bad debt provision:
□Applicable√Inapplicable
In the groups, those adopting balance percentage method to withdraw bad debt provision
√Applicable□Inapplicable
||||
|-|-|-|
||Withdrawing proportion of account|Withdrawing proportion of other|
|Name of the group|||
||receivables (%)|account receivables (%)|
|Ordinary business group|6%|6%|

 In the groups, those adopting other methods to withdraw bad debt provision:
√Applicable□Inapplicable
|||
|-|-|
|Name of the group|Notes|
||Withdrawing bad debt provision according to the discrepancy between|
|Internal business group||
||present value of future cash flow and book value.|

(3) Accounts receivable with an insignificant single amount but for which the bad debt provision is made independently
|||
|-|-|
|Reason of individually withdrawing bad debt|When there is conclusive evidence proving that obvious difference exists in the|
|provision:|recoverability.|
|Method for making bad-debt provisions for|As for other receivables (including notes receivable, prepayments, interest|

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
|||
|-|-|
|the said accounts receivables:|receivable, long-term receivables, etc.), bad-debt provisions are made according to|
||the differences between the present values of their future cash flows and their|
||carrying amounts.|

11. Inventory
(1) Category of Inventory
Category: raw materials, products in processing, materials for consigned processing, finished products, semi-manufactured semi-finished products, and low-value consumption goods.
(2) Pricing method for distributed inventories
Method: weighted average
Accounting of inventory: raw materials and finished products shall be measured at actual cost, while weighted average method shall be adopted when receiving or outgoing.
(3) Recognition basis of net realizable value of inventories and withdrawal method for impairment provision of inventories
Recognition of provision for falling price of inventory and withdrawal: The Company shall make provision for falling price of inventory on the basis of each item of inventory at the balance that net realizable value is lower than carrying cost. For finished goods, merchandise inventories, and available for sale materials which are applied directly for sales of stock inventory, the amount after deducting the estimated sale expense and relevant taxes from the estimated sell price of the inventory shall be recognized as the net realizable value. For material inventories which need to be processed, the amount after deducting the estimated cost of completion, estimated sale expense and relevant taxes from the estimated sale price of produced finished goods shall be recognized as the net realizable value.
(4) Inventory system of inventories
Inventory system: perceptual inventory system
(5) Amortization method of low-value consumption goods and packages
Low-value consumption goods
Amortization method: one time method
Packages
Amortization method: one time method
12. Long-term equity investment
(1) Recognition for initial cost
Pricing of long-term equity investment
— Long-term equity investment for the corporate combination
——For the merger of enterprises under the same control, it shall, on the date of merger, regard the share of the book value of the owner's equity of the merged enterprise as the initial cost of the long-term equity investment, and the direct relevant expenses occurred for the merger of enterprises shall be included into the profits and losses of the current period.
——For the merger of enterprises not under the same control, The combination costs shall be the fair values, on the acquisition date, of the assets paid, the liabilities incurred or assumed and the equity securities issued by the Company in exchange for the control on the acquiree, and all relevant direct costs incurred to the acquirer for the
business combination. Where any future event that is likely to affect the combination costs is stipulated in the
combination contract or agreement, if it is likely to occur and its effects on the combination costs can be measured
reliably, the Company shall record the said amount into the combination costs.
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.——The cost of a long-term equity investment obtained by making payment in cash shall be the purchase cost which is actually paid. The cost consists of the expenses directly relevant to the obtainment of the long-term equity investment, taxes and other necessary expenses.
——The cost of a long-term equity investment obtained on the basis of issuing equity securities shall be the fair value of the equity securities issued.
——The cost of a long-term equity investment of an investor shall be the value stipulated in the investment contract or agreement except the unfair value stipulated in the contract or agreement.
——The cost of a long-term investment obtained by the exchange of non-monetary assets (having commercial nature) shall be recognized base on taking the fair value and relevant payable taxes as the cost of the assets received.
——The cost of a long-term equity investment obtained by recombination of liabilities shall be recognized at the fair value.
(2) Subsequent measurement and recognition of gains and losses
—The long-term equity investment of the Company that is able to control the invested enterprise and which of the Company that does not do joint control or does not have significant influences on the invested entity, and has no offer in the active market and its fair value cannot be reliably measured, it shall be measured by employing the cost method. Except for the declared but not distributed cash dividends or profits included in the price or consideration actually paid when an investment is obtained, the dividends or profits declared to distribute by the invested entity shall be recognized as the current investment income.
(3) Recognition basis of jointly control and significant influence in invested units
—A long-term equity investment of the Company that does joint control or significant influences over the invested entity shall be measured by employing the equity method. If the cost of a long-term equity investment is more than theCompany’s attributable share of the fair value of the invested entity's identifiable net assets for the investment, the cost of the long-term equity investment may not be adjusted. If the cost of a long-term equity investment is less than theCompany’s attributable share of the fair value of the investedentity’s identifiable net assets for the investment, the difference shall be included in the current profits and losses and the cost of the long-term equity investment shall be adjusted simultaneously. The Company shall recognize the net losses of the invested enterprise until the book value of the long-term equity investment and other long-term rights and interests which substantially form the net investment made to the invested entity are reduced to zero, unless the investing enterprise has the obligation to undertake extra losses. The Company shall, on the ground of the fair value of all identifiable assets of the invested entity when it obtains the investment, recognize the attributable share of the net profits and losses of the invested entity after it adjusts the net profits of the invested entity. (4) Impairment test method and withdrawal method for impairment provision
—The Company shall conduct inspection to long-term investment item by item at the end of reporting period. If the market price of long-term investment falls into sustained decline or the investedenterprise’s operation status grow worse, which will cause that the recoverable amount is lower than carrying value, moreover, such reduced value will not be restored in predicted future period, then the negative balance between the recoverable amount and carrying value of long-term investment shall be measured as provision for impairment of long-term
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. investment. The recoverable amount shall be determined in light of the higher one of the net amount of the fair value of the long-term equity investment minus the disposal expenses and the current value of the expected future cash flow of the long-term equity investment. Once any loss of impairment of the long-term investment is recognized, it shall not be switched back in the future accounting periods.
13. Investment real estate
The Companydoesn’t have investment real estate.
14. Fixed assets
(1) Recognition of fixed assets
Recognition of fixed assets: Fixed assets of the Company refers to the tangible assets that simultaneously possess the features as follows: they are held for the sake of producing commodities, rendering labor service, renting or business management; and their useful life is in excess of one fiscal year and unit price is higher.
Category of fixed assets: housing and building, machinery equipment, transportation vehicle and other.
(2) Recognition basis and pricing method for fixed assets acquired under finance lease
The "finance lease" shall refer to a lease that has transferred in substance all the risks and rewards related to the ownership of an asset. The Company shall recognizes the lower one of the fair value of the leased asset and the present value of the minimum lease payments on the lease beginning date as cost of fixed assets of finance lease. In calculation of the depreciation of a leased fixed asset, the Company adopts a depreciation policy for leased assets consistent with that for depreciable assets. If it is reasonable to be certain that the Company will obtain the ownership of the leased asset when the lease term expires, the leased asset shall be fully depreciated over its useful life. If it is not reasonable to be certain that the Company will obtain the ownership of the leased asset at the expiry of the lease term, the leased asset shall be fully depreciated over the shorter one of the lease term or its useful life.
(3) Depreciation method of various fixed assets
|||||
|-|-|-|-|
|The categories|Estimated useful life (years)|Residual value|Annual depreciation rate|
|Houses and buildings|3—25|5.00%|31.67%-4.75%|
|Machineries|2—8|5.00%|47.50%-11.88%|
|Electronic equipment|2—8|5.00%|47.50%-11.88%|
|Vehicles|5—10|5.00%|19%-9.50%|

(4) Impairment test method and withdrawal method for impairment provision of fixed assets
Provision for impairment of fixed assets: The Company shall carry out inspection to fixed assets item by item every year. If the recoverable amount is lower than carrying value due to sustained decline of market price of fixed assets or technological obsolescence, damage or long-term idle, then the provision for impairment of fixed assets shall be withdrawn on the basis of the balance hereof. Once any loss of impairment of the fixed assets is recognized, it shall not be switched back in the future accounting periods. The recoverable amount shall be determined in light of the higher one of the net amount of the fair value of the fixed assets minus the disposal expenses and the current value of the expected future cash flow of the fixed assets. The current value of future cash flow of assets shall be recognized based on the amount after the predicated future cash flow occurred in the process of continuous services and when the final disposal is discounted by adopting proper discount rate.
(5) Other explanation
Naught
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. 15. Construction in Progress
(1) Categories of construction in process
Categories of construction in process refer to the newly establishment, amendment or expansion of fixed assets of the Company, or project expenses on unaccomplished project such as technology innovation, equipment updating and major repair projects, etc.,
(2) Standards and time of transferring construction in process into fixed asset
Construction in progress shall be measured at actual cost. Constructions in progress shall be carried down to fixed assets by adopting provisional estimate when bringing to the expected conditions for use. After completion and settlement procedures, the Company shall adjust the carrying value of fixed assets at the actual cost. As for interests on borrowings incurred to special-borrowing loans or general borrowing for the acquisition and construction or production of assets eligible for capitalization and the ancillary expense incurred to special-borrowing loans, those incurred before a qualified asset under acquisition, construction or production is ready for the intended use or sale shall be capitalized into capitalized cost, while those incurred after a qualified asset under acquisition and construction or production is ready for the intended use or sale shall be included into the profits and losses of the current period.
(3) Impairment test method and withdrawal method for impairment provision of construction in process Provision for impairment of construction in progress: the Company shall carry out overall inspection to the construction in progress at the end of the reporting period. If the construction in progress has been stopped for a long time and cannot be continued restarting in the coming three years, and such construction in progress has already fallen behind, whatever in performance or in technology, resulting in an uncertainty to economic benefit of the Company, and there is an obvious evidence shows that the construction in progress has been impaired, then provision for impairment of the construction in progress shall be withdrawn based on the negative balance between the recoverable amount of single construction in progress and carrying value. Once any loss of impairment of the construction in progress is recognized, it shall not be switched back in the future accounting periods.
16. Borrowing costs
(1) Recognition principles for capitalization of borrowing costs
The borrowing costs shall not be capitalized unless they simultaneously meet the following requirements: (1) The asset disbursements have already incurred, which shall include the cash, transferred non-cash assets or interest bearing debts paid for the acquisition and construction or production activities for preparing assets eligible for capitalization; (2) The borrowing costs has already incurred; and (3) The acquisition and construction or production activities which are necessary to prepare the asset for its intended use or sale have already started. (2) Capitalization period of borrowing costs
The borrowing costs shall not be capitalized unless they simultaneously meet the following requirements: (1) The asset disbursements have already incurred; (2) The borrowing costs have already incurred and (3) The acquisition and construction or production activities which are necessary to prepare the asset for its intended use or sale have already started. And then it shall be recorded into assets costs that satisfied conditions of capitalization. When the qualified asset under acquisition and construction or production is ready for the intended use or sale, the capitalization of the borrowing costs shall be ceased; borrowing costs incurred thereafter
shall be recognized as expenses at the incurred amount when they are incurred.
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. (3) Period for suspending capitalization of borrowing costs
Suspension of capitalization: Where the acquisition and construction or production of a qualified asset is interrupted abnormally and the interruption period lasts for more than 3 months, the capitalization of the borrowing costs shall be suspended. The borrowing costs incurred during such period shall be recognized as expenses, and shall be recorded into the profits and losses of the current period, till the acquisition and construction or production of the asset restarts. If the interruption is a necessary step for making the qualified asset under acquisition and construction or production ready for the intended use or sale, the capitalization of the borrowing costs shall continue.
(4) Calculation method of capitalized amount of borrowing costs
To-be-capitalized amount of interests of borrowing: As for interests of borrowing occurred special-borrowing loans or general borrowing for the acquisition and construction or production of assets eligible for capitalization, those incurred before a qualified asset under acquisition, construction or production is ready for the intended use or sale shall be capitalized based on the following methods:
—As for special-borrowing loans for the acquisition and construction or production of assets eligible for capitalization, the to-be-capitalized amount of interests shall be determined in light of the actual cost incurred of the specially borrowed loan at the present period minus the income of interests earned on the unused borrowing loans as a deposit in the bank or as a temporary investment.
—Where a general borrowing is used for the acquisition and construction or production of assets eligible for capitalization, the Company shall calculate and determine the to-be-capitalized amount of interests on the general borrowing by multiplying the weighted average asset disbursement of the part of the accumulative asset disbursements minus the general borrowing by the capitalization rate of the general borrowing used. The capitalization rate shall be calculated and determined in light of the weighted average interest rate of the general borrowing.
17. Biological assets
Naught
18. Oil gas assets
Naught
19. Intangible assets
(1) Pricing method of intangible assets
—The cost of outsourcing intangible assets shall be measured at actual expenditures occurred for reaching the expected use purpose.
—The research expenditures for its internal research and development projects of the Company shall be recorded into the profit or loss for the current period. The development expenditures for its internal research and development projects of the Company may be confirmed as cost of intangible assets when they satisfy capitalization conditions.
—The cost invested into intangible assets by investors shall be determined according to the conventional value in the investment contract or agreement, except for those of unfair value in the contract or agreement.
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.—The intangible assets received by the Company through acceptingdebtor’s non-cash assets for compensation for debts, or by receivables, shall be measured at the fair value of the intangible assets received.
—The cost invested into intangible assets by non-monetary transaction shall be determined according to the fair value of non-monetary assets and relevant payable taxes.
(2) Estimated useful life of intangible assets with limited useful life
For intangible assets of limited useful life, the Company adopts straight-line method for amortization in useful life term. The Company shall, at the end of each year, recheck the estimated useful life and amortization method and makes suitable adjustment.
||||
|-|-|-|
|Item|Estimated useful life|Basis|
|Land use right|50 years|Statutory use right|
|Patent|10-20 years|Estimated term of making profit|

(3) Judgment basis of intangible assets with uncertain useful life
The Companydoesn’t have intangible assets with uncertain useful life.
(4) Withdrawal of impairment provision of intangible assets
Provision for impairment of intangible assets: the Company shall made overall inspection to the intangible asset at the end of reporting period. If the intangible assets have already been replaced by other new technologies, resulting in theCompany’s ability to create economic benefits suffering materials adverse influence, or a sustained decline of market price of intangible assets and impossible to be recover within the residual amortization years, or certain intangible asset has exceeded the term protected by law but still part of useful value is remained, or there is an obvious evidence shows that the intangible assets has been impaired, then provision for impairment of the intangible assets shall be withdrawn based on the balance between the recoverable amount of single intangible assets and carrying value. Once any loss of impairment of the intangible assets is recognized, it shall not be switched back in the future accounting periods.
(5) Criteria of dividing the research phase and development phase of internalR&D project
The expenditures for its internal research phase and development phase of the Company discriminate into research expenditures and development expenditures. The term “research” refers to the creative and planned investigation to acquire and understand new scientific or technological knowledge; the term “development” refers to the application of research achievements and other knowledge to a certain plan or design, prior to the commercial production or use, so as to produce any new material, device or product, or substantially improved material, device and product.
(6) Calculation of the expenditures of internalR&D project
The expenditures for its internal research phase and development phase of the Company discriminate into research expenditures and development expenditures:
1) The research expenditures for its internal research and development phases of the Company shall be recorded into the profit or loss for the current period.
2) The research expenditures for its internal research and development phases of the Company may be confirmed as intangible assets when they satisfy the following conditions simultaneously:
① It is feasible technically to finish intangible assets for use or sale;
② It is intended to finish and use or sell the intangible assets;
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.③ The usefulness of methods for intangible assets to generate economic benefits shall be proved, including being able to prove that there is a potential market for the products manufactured by applying the intangible assets or there is a potential market for the intangible assets itself or the intangible assets will be used internally;
④ It is able to finish the development of the intangible assets, and able to use or sell the intangible assets, with the support of sufficient technologies, financial resources and other resources; and
⑤ The expenditures on development phase of the intangible assets can be reliably measured.
20. Amortization method of long-term deferred expenses
Long-term deferred expenses refer to general expenses with the apportioned period over one year (one year excluded) that have occurred but attributable to the current and future periods. Long-term deferred expense shall be recoded into book in the light of the actual expenditure, and amortized averagely within benefit period. In case of no benefit in the future accounting period, the amortized value of such project that fails to be amortized shall be transferred into the profits and losses of the current period.
21. Assets transfer with repurchasing conditions
Naught
22. Estimated liabilities
(1) Criteria of estimated liabilities
Recognition of estimated debts: The obligation such as external guaranty, pending litigation or arbitration, product quality assurance, layoff plan, loss contract, restructuring and disposal of fixed assets, pertinent to a contingencies shall be recognized as an estimated debts when the following conditions are satisfied simultaneously:① That obligation is a current obligation of the enterprise;② It is likely to cause any economic benefit to flow out of the enterprise as a result of performance of the obligation; and③ The amount of the obligation can be measured in a reliable way.
(2) Measurement of estimated liabilities
Measurement of estimated debts: The estimated debts shall be initially measured in accordance with the best estimate of the necessary expenses for the performance of the current obligation. To determine the best estimate, the Company shall take into full consideration of the risks, uncertainty, time value of money, and other factors pertinent to the Contingencies. If the time value of money is of great significance, the best estimate shall be determined after discounting the relevant future outflow of cash. If there is a sequent range for the necessary expenses and if all the outcomes within this range are equally likely to occur, the best estimate shall be determined in accordance with the middle estimate within the range. In other cases, the best estimate shall be conducted in accordance with the following situations, respectively:① If the Contingencies concern a single item, it shall be determined in the light of the most likely outcome.② If the Contingencies concern two or more items, the best estimate should be calculated and determined in accordance with all possible outcomes and the relevant probabilities.③ When all or some of the expenses necessary for the liquidation of an estimated debts of an enterprise is expected to be compensated by a third party, the compensation should be separately recognized as an asset only when it is virtually certain that the reimbursement will be obtained. The Company shall check the book value of the estimated debts on the balance sheet date. The Company shall, subject to change, make adjustment to carrying value to reflect the current best estimate.
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. 23. Share-based payment and equity instruments
(1) Categories of share-based payment
The Companydoesn’t have share-base payment and equity instruments.
(2) Recognition method of fair value of equity instruments
Naught
(3) Recognition basis of the best estimate of the vested equity instruments
Naught
(4) Accounting treatment relevant to implement, revise and terminate share-based payment plan
Naught
24. Repurchase of shares of the Company
Naught
25. Revenue
(1) Criteria for recognition time of revenue from sale of goods
No revenue shall be realized unless the following conditions are met simultaneously: a. The significant risks and rewards of ownership of the goods or products have been transferred to the buyer by the enterprise; b. The Company retains neither management right nor effective control over the sold goods or products; c. The relevant revenue has been received or valid evidence has been obtained, d. relevant cost related to sales of goods and products can be measured in a reliable way. The principle of affirmation of revenue from “domestic sales and export sales”: (a) Affirmation method of domestic sales: qualified products would be delivered to buyers in line with the requirements of the buyers; invoice for sales shall be opened when the receivable accounts are
determined, receive payment or estimate payment receivable. (b) Affirmation method of export sales: products would be produced according to the requirements of the buyers stipulated in contracts. After examination, customers clearing procedure for export would be arranged. Transport companies would ship the products. Invoice for sales shall be opened when the receivable accounts are determined; receive payment or estimate payment receivable.
(2) Recognition basis of revenue from transferring use rights of assets
Revenues from providing others to use company assets shall be affirmed when meeting the following conditions: the relevant economic benefits are likely to flow into the Company; the amount of revenues can be measured in a reliable way. Royalty revenues from providing others to use company assets can be calculated and affirmed in line with chargeable time and methods stipulated in relevant contracts, treaties.
（3）Recognition basis of revenue from providing services
Revenue from providing services shall be recognized by adopting the percentage-of-completion method when following conditions shall be met simultaneously: The amount of revenue can be measured in a reliable way; The relevant economic benefits are likely to flow into the enterprise; The schedule of completion under the transaction can be confirmed in a reliable way; and the costs incurred or to be incurred in the transaction can be measured in a reliable way. If the Company can not measure the result of a transaction concerning the providing of labor services in a reliable way, and the cost of labor services incurred is expected to be compensated, the revenue from the providing of labor services shall be recognized in accordance with the amount of the cost of labor services incurred. If the cost of labor services incurred is not expected to compensate in full, the revenue shall be recognized in accordance with the amount of the cost of labor service can be compensated; if all cost of labor
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. services incurred is not expected to compensate and no revenue from the providing of labor services may be recognized.
(4) Recognition basis and method for the schedule of contracted project when recognizing the revenue from providing labour services and construction contract by percentage-of-completion method
The Companydoesn’t have revenue from providing labour services and contraction contracted by
percentage-of-completion method.
26. Government grants
(1) Types
No government subsidy may be recognized unless the following conditions are met simultaneously: (1) The Company can meet the conditions for the government subsidies; and (2) The Company can obtain the government subsidies.
(2) Accounting treatment method
Government subsidy shall be confirmed when meeting the following standards: meeting the sub conditions of government subsidy; enabling to receive government subsidy.
If a government subsidy is a monetary asset, it shall be measured in the light of the received or receivable amount. If a government subsidy is a non-monetary asset, it shall be measured at its fair value. If its fair value cannot be obtained in a reliable way, it shall be measured at its nominal amount.
The government subsidies pertinent to assets shall be recognized as deferred income, equally distributed within the useful lives of the relevant assets, and included in the current profits and losses. But the government subsidies measured at their nominal amounts shall be directly included in the current profits and losses. The government subsidies pertinent to incomes shall be treated respectively in accordance with the circumstances as follows: (1) Those subsidies used for compensating the related future expenses or losses of the enterprise shall be recognized as deferred income and shall included in the current profits and losses during the period when the relevant expenses are recognized; or (2) Those subsidies used for compensating the related expenses or losses incurred to the enterprise shall be directly included in the current profits and losses.
27. Deferred income tax assets and liabilities
(1) Recognition basis of deferred income tax assets
The Company shall record a temporary difference into deferred income tax to the extent of the amount of the taxable income which it is most likely to obtain in future period and which can be deducted from the deductible temporary difference.
The special situation of not confirming the deferred income tax assets or deferred income tax liabilities including: initial recognition of businessreputation；other transactions or events except for the merger that will neither effect the accounting profits nor the taxable amount (or the deductible losses) when occur.
(2) Recognition basis of deferred income tax liabilities
As for taxable temporary differences, the Company shall record into deferred income liabilities except for special conditions.
28. Operating lease and finance lease
(1) Accounting treatments of operating lease
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. The rents from operating leases shall be recorded by the Company in the relevant asset costs or the profits and losses of the current period by using the straight-line method over each period of the lease term.
(2) Accounting treatments of finance lease (3) Accounting treatments of leaseback
On the lease beginning date, the Company shall record the lower one of the fair value of the leased asset and the present value of the minimum lease payments on the lease beginning date as the entering value in an account, recognize the amount of the minimum lease payments as the entering value in an account of long-term account payable, and treat the balance between the recorded amount of the leased asset and the long-term account payable as unrecognized financing charges.
(3) Accounting treatments of leaseback
Naught
29. Assets held for sale
(1) Recognition criteria of available-for-sale assets
The Companydoesn’t have any available-for-sale assets.
(2) Accounting treatments of the assets held for sale
The Companydoesn’t have any available-for-sale assets.
30. Capitalization of assets business
The Companydoesn’t have any capitalization of assets business.
31. Hedging accounting
The Companydoesn’t have any hedging business.
32. Changes in main accounting policies and estimates
Were the main accounting policies or estimates changed during the reporting period?
□Yes√ No
(1) Change of accounting policies
Were the main accounting policies changed during the reporting period?
□Yes√ No
(2) Change of accounting estimates
Were the main accounting estimates changed during the reporting period?
□Yes√ No
33. Correction of previous accounting errors
Was any accounting error made in previous periods discovered in the reporting period?
□Yes√ No
(1) Retrospective restatement method
Was any previous accounting errors adopting retrospective restatement method discovered in the reporting period?
□Yes√ No
(2) Prospective application method
Was any previous accounting errors adopting prospective application method discovered in the reporting period?□Yes√ No
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. 34. Other main accounting policies, accounting estimates as well as compilation method of financial statements
Naught
V. Taxation
1. Main taxes and tax rate
||||
|-|-|-|
|Category of taxes|Tax basis|Tax rate|
||VAT on sales is calculated based on 17% of||
||sales revenue. VAT is calculated and paid||
||based on the difference of VAT on sales||
||deducting deductible input VAT. Tax on||
|VAT||17%|
||exports managed by the Company, as approved||
||by the taxation departments, is paid by||
||adopting the policy of “tax exemption, tax||
||deduction and tax rebate” since 1 Jan. 2002||
|Business tax|Taxable service income|5%|
|Urban maintenance and construction tax|Taxable VAT and business tax|5%、7%|
||The Company was identified as a high-tech||
||enterprise in Dec. 2008, and passed the||
||re-examination for the First Batch High-tech||
||Enterprise in 2011 on 23 Aug. 2011, as well as||
||won the “Certificate of High-tech Enterprise”||
||with serial number GR201144000059 after||
||approval by Department of Science and||
||Technology of Guangdong Province,||
||Department of Finance of Guangdong||
|Enterprise income tax|Province, Guangdong Provincial Bureau of|15%|
||State Taxation and Guangdong Provincial||
||Bureau of Local Taxation. In accordance with||
||relevant provisions in Corporate Income Tax||
||Law of the People's Republic of China and the||
||Administration Measures for Identification of||
||High-tech Enterprises promulgated in 2007, the||
||Company paid the corporate income tax based||
||on a tax rate of 15% within three years since 1||
||Jan. 2011.||
|Education expenses surcharge|Current turnover tax in current|3%|
|Local education expense surcharge|Current turnover tax in current|2%|

The income tax rates adopted by each subsidiary and branch factory
The subsidiaries of the Company, including Foshan Taimei Times Lamps and Lanterns Co., Ltd., and Foshan Chanchang Electric Appliance (Gaoming) Co., Ltd., Foshan Chansheng Electronic Ballast Co., Ltd., Nanjing
Fozhao Lighting Components Manufacturing Co., Ltd., Foshan Electrical& Lighting (Xinxiang) Co., Ltd.,
Foshan Electrical and Lighting Engineering Co., Ltd., Guangdong Fozhao Leasing Co., Ltd. and Foshan Lighting
Lamps and Lanterns Co., Ltd. whose enterprise income tax rate is25%.
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. The subsidiary of theCompany—Suzhou Mont Lighting Co., Ltd. is a high-tech enterprise and should calculate and submit the corporate income tax according to15% of the income tax payable.
2. Tax preference and official documents
—The Company has been certified as a high-tech enterprise in December 2008, and passed the re-examination for the First Batch High-tech Enterprise in 2011 on 16 January 2011, as well as won the “Certificate of High-tech Enterprise” with serial number GR201144000059 after approved by Department of Science and Technology of Guangdong Province, Department of Finance of Guangdong Province, Guangdong Provincial Bureau of State Taxation and Guangdong Provincial Bureau of Local Taxation. In accordance with relevant provisions in Corporate Income Tax Law of the People's Republic of China and the Administration Measures for Identification of High-tech Enterprises promulgated in 2007, the Company paid the corporate income tax based on a tax rate of15% within three years since 1 Jan. 2011.
—The subsidiary of theCompany—Suzhou Mont Lighting Co., Ltd. is considered as a high-tech enterprise in Aug. 2012, which won the “Certificate of High-tech Enterprise” with serial number GR201232000797 after approved by Department of Science and Technology of Jiangsu Province, Department of Finance of Jiangsu Province, Jiangsu Provincial Bureau of State Taxation and Jiangsu Provincial Bureau of Local Taxation. In accordance with relevant provisions in Corporate Income Tax Law of the People's Republic of China and the Administration Measures for Identification of High-tech Enterprises promulgated in 2007, it paid the corporate income tax based on a tax rate of15% within three years since 1 Jan. 2012.
3. Other explanation
Naught
VI. Business combination and consolidated financial statements
1. Subsidiaries
(1) Subsidiaries obtained by establishment and investment
Unit: RMB Yuan
|||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
||||||||||||||Balance|
||||||||||||||of|
||||||||||||||parent|
||||||||||||||compan|
||||||||||||||y’s|
|||||||Actual|||||||equity|
|||||||amount||||Include|||after|
|||||||||The|The|||||
|||||||of|Other|||d in||Deducti|deductin|
|||||Register||||proporti|proporti||Minorit|||
|Subsidia||Register|Busines||Busines|investm|essential|||consolid||ble|g the|
||Type|||ed||||on of|on of||y|||
|ries||ed place|s nature||s scope|ents at|investm|||ated||minority|differen|
|||||capital||||holding|voting||interest|||
|||||||the|ent|||stateme||interests|ce that|
|||||||||shares|rights|||||
|||||||period-e||||nt|||loss of|
|||||||nd|||||||minority|
||||||||||||||interests|
||||||||||||||exceed|
||||||||||||||equity|
||||||||||||||obtained|
||||||||||||||by|

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
||||||||||||minority|
||||||||||||sharehol|
||||||||||||ders|
||||||Producti|||||||
||||||on of|||||||
|Foshan||||||||||||
||||||ballast,|||||||
|Chanshe||||||||||||
||||||electron|||||||
|ng||||||||||||
||Limited||||ic|||||||
|Electron|||Manufa|1,000,0||2,744,5|100.00|100.00||||
||compan|Foshan|||transfor||||Yes|||
|ic|||cture|00||00.00|%|%||||
||y||||mers|||||||
|Ballast||||||||||||
||||||and|||||||
|Co.,||||||||||||
||||||electron|||||||
|Ltd.||||||||||||
||||||ic|||||||
||||||igniters|||||||
||||||Preparat|||||||
||||||ion,|||||||
||||||producti|||||||
||||||on and|||||||
||||||operatio|||||||
||||||n of|||||||
||||||lamps|||||||
||||||and|||||||
|Foshan|||||lanterns,|||||||
|Chanch|||||electric|||||||
|ang|||||light|||||||
|Electric|Limited||||source|||||||
||||Manufa|||42,000,||||25,473,||
|Applian|compan|Foshan||72,782,|products||70.00%|70.00%|Yes|||
||||cture|||000.00||||949.07||
|ce|y|||944.00|and|||||||
|(Gaomi|||||accessor|||||||
|ng) Co.,|||||ies,|||||||
|Ltd.|||||installati|||||||
||||||on and|||||||
||||||consulta|||||||
||||||ncy|||||||
||||||business|||||||
||||||of|||||||
||||||relevant|||||||
||||||engineer|||||||
||||||ing|||||||
|Foshan|||||Researc|||||||
|Taimei|Limited||||h,|||||||
||||Manufa|||350,000||||6,282,0||
|Times|compan|Foshan||500,000|develop||70.00%|70.00%|Yes|||
||||cture|||.00||||92.90||
|Lamps|y|||.00|ment,|||||||
|and|||||producti|||||||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|Lantern|||||on and|||||
|s Co.,|||||sales of|||||
|Ltd.|||||lighting,|||||
||||||househo|||||
||||||ld|||||
||||||applianc|||||
||||||es and|||||
||||||accessor|||||
||||||ies and|||||
||||||other|||||
||||||lighting|||||
||||||products|||||
||||||R&D|||||
||||||and|||||
||||||producti|||||
||||||on of|||||
||||||electric|||||
||||||light|||||
||||||source|||||
|Foshan|||||lamp|||||
|Electric|||||products|||||
|al and|||||and|||||
||Limited|||||||||
|Lighting|||Manufa||relevant|50,077,|100.00|100.00||
||compan|Foshan||50,000,|||||Yes|
|Enginee|||cture||electric|000.00|%|%||
||y|||000.00||||||
|ring|||||engineer|||||
|Co.,|||||ing|||||
|Ltd.|||||material|||||
||||||s, metal|||||
||||||material|||||
||||||s and|||||
||||||non-met|||||
||||||al|||||
||||||material|||||
||||||s|||||
||||||Producti|||||
||||||on and|||||
|Foshan||||||||||
||||||sales of|||||
|Electric||||||||||
||Limited||||electric|||||
|al &||||||||||
||liability|Xinxian|Manufa||light|35,418,|100.00|100.00||
|Lighting||||35,418,|||||Yes|
||compan|g|cture||source|439.76|%|%||
|(Xinxia||||439.76||||||
||y||||equipme|||||
|ng) Co.,||||||||||
||||||nt and|||||
|Ltd.||||||||||
||||||electric|||||
||||||light|||||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
||||||source|||||
||||||products|||||
||||||, sales|||||
||||||of|||||
||||||accessor|||||
||||||ies of|||||
||||||electric|||||
||||||light|||||
||||||source,|||||
||||||electric|||||
||||||light|||||
||||||source|||||
||||||material|||||
||||||s,|||||
||||||electric|||||
||||||engineer|||||
||||||ing|||||
||||||material|||||
||||||s,|||||
||||||accessor|||||
||||||ies for|||||
||||||motor|||||
||||||vehicles|||||
||||||, lamps|||||
||||||and|||||
||||||compon|||||
||||||ents|||||
||||||Financi|||||
||||||ng leas|||||
||||||e busin|||||
||||||ess, lea|||||
||||||sing bu|||||
|Guangd||||||||||
||||||siness,|||||
|ong||||||||||
||||||consulta|||||
|Fozhao||||||||||
||Limited||Financia||ncy of|||||
|Financia||||||200,000|100.00|100.00||
||compan|Foshan|l|200,000|leasing||||Yes|
|l||||||,000.00|%|%||
||y||industry|,000.00|transacti|||||
|Leasing||||||||||
||||||on and|||||
|Co.,||||||||||
||||||guarante|||||
|Ltd.||||||||||
||||||e, leas|||||
||||||e transa|||||
||||||ction ad|||||
||||||visory a|||||
||||||nd guar|||||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
||||||antee, n|||||
||||||ew ener|||||
||||||gy vehi|||||
||||||cles an|||||
||||||d major|||||
||||||compo|||||
||||||nents, fi|||||
||||||nancing|||||
||||||lease a|||||
||||||nd servi|||||
||||||ce of li|||||
||||||ghting|||||
||||||energy|||||
||||||saving|||||
||||||products|||||
||||||and en|||||
||||||gineerin|||||
||||||g|||||
||||||R&D,|||||
||||||develop|||||
||||||ment,|||||
||||||produce|||||
||||||; electric|||||
||||||light|||||
||||||source|||||
||||||products|||||
||||||, electric|||||
||||||light|||||
||||||source|||||
|Foshan||||||||||
||Limited||||equipme|||||
|lighting||||||||||
||liability||Manufa||nts,|15,000,|100.00|100.00||
|applianc||Foshan||15,000,|||||Yes|
||compan||cture||assorted|000.00|%|%||
|e Co.,||||000.00||||||
||y||||equipme|||||
|Ltd.||||||||||
||||||nt of|||||
||||||light|||||
||||||source,|||||
||||||light|||||
||||||source|||||
||||||material|||||
||||||s, lamps|||||
||||||and|||||
||||||accessor|||||
||||||ies,|||||
||||||electric|||||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
||
|-|
|material|
|s, motor|
|vehicle|
|accessor|
|ies,|
|househo|
|ld|
|electrica|
|l|
|applianc|
|es,|
|electrica|
|l|
|receptac|
|les,|
|switches|
|, fire|
|products|
|,|
|ventilati|
|on|
|equipme|
|nt, LED|
|products|
|;|
|domesti|
|c trade,|
|import|
|and|
|export|
|of goods|
|and|
|technolo|
|gies|

Particulars about subsidiaries obtained by establishment and investment
—Foshan Chansheng Electronic Ballast Co., Ltd. was invested and established by the Company and Mr. Ma Henglai and had set up and obtained license for business corporation on 26 Aug. The Company holds75% equities of the said company; therefore the said subsidiary was included into the scope of the consolidated financial statements since date of the foundation.
On 24 Dec. 2013, the Company and Mr. Ma Henglai signed the equity transfer agreement. The Company purchased25% equity of Foshan Chansheng Electronic Ballast Co., Ltd. held by Mr. Ma Henglai. After the
purchasing, the Company held100% equity of Foshan Chansheng Electronic Ballast Co., Ltd.
—Foshan Chanchang Electric Appliance (Gaoming) Co., Ltd., who is the Sino-foreign joint ventures invested and
established by the Company and Prosperity Lamps and Components Ltd, had obtained license for business
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. corporation on 23 Aug. 2005 through approval by Foreign Trade and Economic Cooperation Bureau of Gaoming District, Foshan with document “MWJMY Zi[2005] No. 79”. The Company holds70% equities of the said company; therefore the said subsidiary was included into the scope of the consolidated financial statements since date of the foundation.
—Foshan Taimei Times Lamps and Lanterns Co., Ltd., who is the Sino-foreign joint ventures invested and established by the Company and Reback North America Investment Limited, had obtained license for Business Corporation on 5 Dec. 2005 through approval by Foreign Trade and Economic Cooperation Bureau of Gaoming District, Foshan with document “MWJMY Zi[2005] No. 97”. The Company holds000% equities of the said company; therefore the said subsidiary was included into the scope of the consolidated financial statements since date of foundation.
—Foshan Electrical and Lighting Engineering Co., Ltd. (its predecessor was “Foshan Lighting Lamps and Lanterns Co., Ltd.”), which is invested and established by the Company together with Foshan Haozhiyuan Trading Co., Ltd., Shanghai Liangqi Electric Co., Ltd, Changzhou Sanfeng Electrical& Lighting Co., Ltd., Henan Xingchen Electrical& Lighting Co., Ltd., Foshan Hongbang Electrical& Lighting Co., Ltd., Hebei Jinfen Trading Co., Ltd., obtaining its license for Business Corporation on 27 Mar. 2009. The Company holds60% equities of this company. Therefore the said subsidiary was included into the scope of the consolidated financial statements since date of the foundation.
On 25 Sep. 2009 and 19 Nov. 2010, the equity transfer agreement was signed between the Company and the minority shareholders, in which the minority shareholders respectively transferred their equities of Foshan Lighting Lamps and Lanterns Co., Ltd. to the Company. After transfer, the Company holds100% equities of Foshan Lighting Lamps and Lanterns Co., Ltd.
—Foshan Electrical& Lighting (Xinxiang) Co., Ltd. is a limited liability company which is invested and established by the Company, obtaining its license for Business Corporation on 17 Apr. 2009. The holds100% equities of the said company, therefore the said subsidiary was included into the scope of the consolidated financial statements since date of foundation. On 27 Aug. 2013, the
3rd
Session of the
7th
Board of Directors reviewed and approved to change the name of Foshan Lighting Lamps and Lanterns Co., Ltd. to Foshan Electrical and Lighting Engineering Co., Ltd.; at the same time invested RMB 2 million in cash, thus making the registered capital of Foshan Electrical and Lighting Engineering Co., Ltd. of RMB 35,418,439.76 Yuan.
—Guangdong Fozhao Leasing Co., Ltd. is a limited liability company invested and established by the Company, which had obtained its license for Business Corporation on 31 May 2011. And the Company holds100% equities of this company. Therefore the said subsidiary was included into the scope of the consolidated financial statements since date of foundation.
—Foshan Lighting Lamps& Components Co., Ltd. is a limited liability company invested and established by the Company with the registered capital of RMB 15 million, which had obtained its license for Business Corporation on 8 May 2013. And the Company holds100% equities of this company. Therefore the said subsidiary was included into the scope of the consolidated financial statements since date of foundation.
(2) Subsidiaries obtained by business combination under same control
Inapplicable
(3) Subsidiaries obtained by business combination not under same control
Unit: RMB Yuan
|||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
|Subsidia||Register|Busines|Register|Busines|Actual|Other|The|The|Include|Minorit|Deducti|Balance|
||Type|||||||||||||
|ries||ed place|s nature|ed|s scope|amount|essential|proporti|proporti|d in|y|ble|of|

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
|||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
|||||capital||of|investm|on of|on of|consolid|interest|minority|parent|
|||||||investm|ent|holding|voting|ated||interests|compan|
|||||||ents at||shares|rights|stateme|||y’s|
|||||||the||||nt|||equity|
|||||||period-e|||||||after|
|||||||nd|||||||deductin|
||||||||||||||g the|
||||||||||||||differen|
||||||||||||||ce that|
||||||||||||||loss of|
||||||||||||||minority|
||||||||||||||interests|
||||||||||||||exceed|
||||||||||||||equity|
||||||||||||||obtained|
||||||||||||||by|
||||||||||||||minority|
||||||||||||||sharehol|
||||||||||||||ders|
||||||Producti|||||||||
||||||on of|||||||||
||||||energy-s|||||||||
||||||aving|||||||||
||||||photoele|||||||||
||||||ctric|||||||||
||||||source|||||||||
||||||products|||||||||
|Nanjing|||||, lamps|||||||||
|Fozhao|||||and|||||||||
|Lighting|||||lanterns,|||||||||
|Compon|Limited||||light|||||||||
||||Manufa|41,683,||72,000,||100.00|100.00|||||
|ents|Compan|Nanjing|||source|||||Yes||||
||||cture|200||000.00||%|%|||||
|Manufa|y||||equipme|||||||||
|cturing|||||nts,|||||||||
|Co.,|||||illumina|||||||||
|Ltd.|||||tion|||||||||
||||||engineer|||||||||
||||||ing;|||||||||
||||||technolo|||||||||
||||||gical|||||||||
||||||develop|||||||||
||||||ment of|||||||||
||||||energy-s|||||||||
||||||aving|||||||||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
||||||and||||||
||||||producti||||||
||||||on of||||||
||||||relevant||||||
||||||compon||||||
||||||ents;||||||
||||||sales of||||||
||||||self-pro||||||
||||||duction||||||
||||||products||||||
||||||Licensin||||||
||||||g||||||
||||||project:||||||
||||||naught.||||||
||||||general||||||
||||||manage||||||
||||||ment||||||
||||||project:||||||
||||||develop||||||
||||||ment,||||||
||||||producti||||||
||||||on,||||||
||||||sales:||||||
||||||semicon||||||
||||||ductor||||||
|Suzhou|||||||||||
||||||lighting||||||
|Mont|Limited||||||||||
||||Manufa||applianc|24,360,||||16,628,|
|Lighting|Compan|Suzhou||23,634,|||50.50%|50.50%|Yes||
||||cture||es,|000.00||||352.68|
|Co.,|y|||900.00|||||||
||||||hardwar||||||
|Ltd.|||||||||||
||||||e and||||||
||||||software||||||
||||||system||||||
||||||of drive||||||
||||||circuit||||||
||||||and||||||
||||||control||||||
||||||system;||||||
||||||(the||||||
||||||producti||||||
||||||on is||||||
||||||limited||||||
||||||to the||||||
||||||operatio||||||
||||||n of||||||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
||
|-|
|branch|
|instituti|
|on)|
|lighting|
|engineer|
|ing|
|Design,|
|installati|
|on;|
|engaged|
|in the|
|semicon|
|ductor|
|lighting|
|devices,|
|applianc|
|e,|
|import|
|&|
|export|
|business|
|of|
|hardwar|
|e and|
|software|
|system|
|of drive|
|circuit|
|and|
|control|
|system|

Other notes to subsidiaries obtained by business combination not under same control:
—In accordance with the equity transfer agreement signed between the Company and Prosperity Lamps and Components Ltd. on 27 Aug. 2008, Prosperity Lamps and Components Ltd. transferred100% equities of Nanjing Fozhao Lighting Components Manufacturing Co., Ltd. (used to knownas—Prosperity (Nanjing) Lighting Components Co., Ltd., and changed nameto—Nanjing Fozhao Lighting Components Manufacturing Co., Ltd. on 15 Nov. 2010.) to the Company. Therefore, Prosperity (Nanjing) Lighting Components Co., Ltd. became the wholly-owned subsidiary of the Company. The said subsidiary was included into the scope of the consolidated financial statements since merger date.
—In accordance with the equity transfer agreement signed between the Company and Mr. Zhang Yingchun on 25 Apr. 2014, Mr. Zhang Yingchun transferred34.09296% equities of Suzhou Mont Lighting Co., Ltd. to the
Company, and at the same time when purchased the34.09296% equities of Suzhou Mont Lighting Co., Ltd., the
Company used its self-owned funds to increase the capital of Suzhou Mont Lighting Co., Ltd., which made the
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. Company held50.50% equities of Suzhou Mont Lighting Co., Ltd. The said subsidiary was included into the scope of the consolidated financial statements since being increased the capital as well as expanded the shares. 2. Special purpose entities or operating entities with control right formed by entrusted operation or lease Inapplicable
3. Explanation on changes in consolidated scope
Explanation on changes in consolidated scope:
√ Applicable□Inapplicable
Comparing to last year, this year increased one consolidation unit, because
The Company held the 10th meeting of the 7th Board of Directors, which reviewed and approved the Proposal on the Acquisition of the Equity of Suzhou Mont Lighting Co., Ltd. and the Increase of the Capital and Expand of the Shares (for details, please refer to the announcement disclosed on www.cninfo.com on 25 Apr. 2014, with the announcement No.: 2014-019. After the completion of the acquisition of the equity and the expandation of the shares, the Company held50.50% equities of Suzhou Mont Lighting Co., Ltd. The said subsidiary was included into the scope of the consolidated financial statements since the merger.
Comparing to last year, this year decreased none consolidation unit, because
Naught
4. Subsidiaries that newly combined into consolidation scope in the reporting period
The subsidiaries, special purpose entities and operating entities with control right formed by entrusted operation or lease that newly included in the consolidated scope
Unit: RMB Yuan
||||
|-|-|-|
|Name|Closing net assets|Net profit in current period|
|Suzhou Mont Lighting Co., Ltd.|33,592,631.69|-1,568,271.61|

 The subsidiaries, special purpose entities and operating entities with control right formed by entrusted operation or lease that not longer included in the consolidated scope
Inapplicable
Other explanation of the newly included entities and the entities which are no more included in the consolidated scope
5. Business combination under same control during the reporting period
Inapplicable
6. Business combination not under same control during the reporting period
Unit: RMB Yuan
||||
|-|-|-|
|Combined party|Amount of goodwill|Calculation method of goodwill|
|||Recognize the positive balance between the|
|||investment costs and the fair value of the|
|Suzhou Mont Lighting Co., Ltd.|6,603,743.83||
|||identifiable net assets it obtains from the acquiree as|
|||business reputation|

Other explanation of the business combination not under same control
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. Whether there is situation that realizes the corporation merger step by step through multiple transactions and gains the control right during the reporting period
□Applicable√ Inapplicable
7. Subsidiaries reduced by selling equities without control right during the reporting period
□Applicable√ Inapplicable
8. The counter purchases in the reporting period
Inapplicable
9. Mergers in the reporting period
Inapplicable
10. Exchange rates of major items in financial statements for foreign entities
Inapplicable
VII. Notes on major items in consolidated financial statements of the Company
1. Monetary funds
Unit: RMB Yuan
||||||||
|-|-|-|-|-|-|-|
||Closing balance|||Opening balance|||
|Item|Amount in|Exchange||Amount in|Exchange||
||||Amount in RMB|||Amount in RMB|
||foreign currency|rate||foreign currency|rate||
|Cash:|--|--|21,062.42|--|--|6,626.15|
|RMB|--|--|21,062.42|--|--|6,626.15|
|Bank deposit:|--|--|839,077,570.16|--|--|891,208,601.93|
|RMB|--|--|831,162,884.92|--|--|874,561,058.71|
|USD|1,284,092.56|6.1528|7,900,764.73|2,725,966.36|6.0969|16,619,944.30|
|EUR|1,658.27|8.3946|13,920.51|3,278.21|8.4189|27,598.92|
|Other monetary funds:|--|--|22,317,081.86|--|--|6,460,596.14|
|RMB|--|--|22,317,081.86|--|--|6,460,596.14|
|Total|--|--|861,415,714.44|--|--|897,675,824.22|

 Special explanation shall be made for the accounts limited by being mortgaged, pledged or frozen, deposited overseas or with potential collecting risks:
—Bank deposits in the name of the Company and subsidiaries in the consolidated statement are kept in bank or other relevant financial organizations.
—Other monetary funds in the name of the Company are deposited in refundable deposit of the security company. 2. Trading financial assets
(1) Trading financial assets
Unit: RMB Yuan
||||
|-|-|-|
|Item|Closing fair value|Opening fair value|
|The financial assets which are measured at their fair|||
|values and the variation of which is recorded into the|998,152.00|3,903,197.90|
|profits and losses of the current period|||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
||||
|-|-|-|
|Total|998,152.00|3,903,197.90|

 (2) Trading financial assets with realizable limit
Inapplicable
(3) Hedging instruments and notes to relevant hedging transaction
Inapplicable
3. Notes receivable
(1) Category of notes receivable
Unit: RMB Yuan
||||
|-|-|-|
|Category|Closing balance|Opening balance|
|Bank acceptance bill|150,260,725.52|154,142,432.66|
|Commercial acceptance bill|81,631,620.97|0.00|
|Total|231,892,346.49|154,142,432.66|

 (2) Notes receivable pledged at period-end
Inapplicable
(3) Notes transferred to accounts receivable because drawer of the notes fails to execute the contract or agreement, and undue notes endorsed to other parties at the end of the period
Notes transferred to accounts receivable because drawer of the notes fails to execute the contract or agreement Inapplicable
Notes that the Company had endorsed to other parties but had not expired
Unit: RMB Yuan
||||||
|-|-|-|-|-|
|Drawer|Date of draft|Date of due|Amount|Remark|
|Guangzhou Kaichuang|||||
|Lighting Appliance Co.,|6 Mar. 2014|5 Sep. 2014|3,000,000.00||
|Ltd.|||||
|Beijing Zhongtai Borun|||||
||8 Feb. 2014|28 Aug. 2014|2,500,000.00||
|Trading Co., Ltd.|||||
|Guangzhou Kaichuang|||||
|Lighting Appliance Co.,|11 Feb. 2014|11 Aug. 2014|2,200,000.00||
|Ltd.|||||
|Guangzhou Kaichuang|||||
|Lighting Appliance Co.,|8 Jan. 2014|7 Jul. 2014|2,000,000.00||
|Ltd.|||||
|Wenzhou Kaka Lighting|||||
||28 Feb. 2014|27 Aug. 2014|2,000,000.00||
|Appliance Co., Ltd.|||||
|Total|--|--|11,700,000.00|--|

Note
Total of the notes that the Company had endorsed but had not expired was of RMB 78,234,139.01, of which the
amount of the top 5 was of RMB11,700,000.00.
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. Explanation of the discounted or pledged commercial acceptance notes
—Up to 30 Jun. 2014, the Company had no any commercial acceptance notes not expired that had discounted or pledged
—There was no any shareholder account receivable that held5% (including5%) of the voting shares among the balance of the notes receivable at the period-end.
4. Dividends receivable
Inapplicable
5. Interest receivable
(1) Interest receivable
Unit: RMB Yuan
||||||
|-|-|-|-|-|
|||Increase in current|Decrease in current||
|Item|Opening balance|||Closing balance|
|||period|period||
|Interests of fixed time|||||
||1,304,200.33|3,146,680.29|3,143,915.08|1,306,965.54|
|deposit|||||
|Total|1,304,200.33|3,146,680.29|3,143,915.08|1,306,965.54|

 (2) Overdue interest
Inapplicable
(3) Notes to the interest receivable
Naught
6. Accounts receivable
(1) Accounts receivable listed by categories
Unit: RMB Yuan
||||||||||
|-|-|-|-|-|-|-|-|-|
||Closing balance||||Opening balance||||
|Category|Book balance||Bad debt provision||Book balance||Bad debt provision||
||Amount|Proportion|Amount|Proportion|Amount|Proportion|Amount|Proportion|
|Accounts receivable for which bad debt provisions are made on the group basis|||||||||
||555,503,20||33,330,192.||415,124,1||24,907,451.2||
|Common business group||100.00%||6.00%||100.00%||6.00%|
||7.48||45||86.83||1||
||555,503,20||33,330,192.||415,124,1||24,907,451.2||
|Subtotal of the groups||100.00%||6.00%||100.00%||6.00%|
||7.48||45||86.83||1||
||555,503,20||33,330,192.||415,124,1||24,907,451.2||
|Total||--||--||--||--|
||7.48||45||86.83||1||

Notes to the category of the accounts receivable
Accounts receivable with significant single amount and individually withdrawn bad debt provision
□Applicable√Inapplicable
In the groups, accounts receivable adopting aging analysis method to withdraw bad debt provision:
√Applicable□Inapplicable
Unit: RMB Yuan
||||||
|-|-|-|-|-|
||Closing balance||Opening balance||
|Aging|||||
||Book balance|Provision for bad|Book balance|Provision for bad|

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
||||||||
|-|-|-|-|-|-|-|
|||Proportion|debts||Proportion|debts|
||Amount|||Amount|||
|Within 1 year|||||||
|Of which:|--|--|--|--|--|--|
|Within 1 year|517,540,777.69|93.17%|31,052,446.66|400,771,383.02|96.54%|24,046,282.98|
|Subtotal of within|||||||
||517,540,777.69|93.17%|31,052,446.66|400,771,383.02|96.54%|24,046,282.98|
|1 year|||||||
|1 to 2 years|29,606,290.83|5.33%|1,776,377.45|8,937,973.75|2.15%|536,278.43|
|2 to 3 years|7,791,124.53|1.40%|467,467.47|4,757,260.70|1.15%|285,435.64|
|Over 3 years|565,014.43|0.10%|33,900.87|657,569.36|0.16%|39,454.16|
|Total|555,503,207.48|--|33,330,192.45|415,124,186.83|--|24,907,451.21|

 In the group, other accounts receivable those provisions for bad debts by balance percentage:
□Applicable√Inapplicable
In the group, other accounts receivable those provisions for bad debts by other methods:
□Applicable√Inapplicable
Other closing individually insignificant but provisions for bad debts individually accounts receivable
□Applicable√Inapplicable
(2) Accounts receivable reversed or collected in the reporting period
Inapplicable
(3) The write-off accounts receivable
Inapplicable
(4) Particulars about accounts receivable due to shareholders holding5% (including5%) voting rights of the Company
Unit: RMB Yuan
||||||
|-|-|-|-|-|
||Closing balance||Opening balance||
|Name of entity|||||
||Book balance|Withdrawal amount|Book balance|Withdrawal amount|
|Youchang Lighting Appliance Co.,|||||
||7,167,204.39|430,032.26|9,415,621.92|564,937.32|
|Ltd.|||||
|Total|7,167,204.39|430,032.26|9,415,621.92|564,937.32|

 (5) Information of top 5 accounts receivable:
Unit: RMB Yuan
||||||
|-|-|-|-|-|
||The relationship with the||||
|Name of entity||Amount|Aging|Proportion|
||Company||||
|** COMPANY|Non-related relationship|131,228,034.00|Within 1 year|23.62%|
|Osram ** Co., Ltd.|Related relationship|12,500,123.26|Within 1 year|2.25%|
|Henan ** Electrical &|||||
||Non-related relationship|11,578,302.41|Within 1 year|2.08%|
|Lighting Co., Ltd.|||||
|Changzhou ** Electrical|||||
||Non-related relationship|11,539,351.50|Within 1 year|2.08%|
|& Lighting Co., Ltd.|||||
|Dongguan**Energy-savi|||||
||Non-related relationship|10,141,248.99|Within 1 year|1.83%|
|ng Technology Co., Ltd.|||||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
||||||
|-|-|-|-|-|
|Total|--|176,987,060.16|--|31.86%|

 (6) The amounts due from related parties
Unit: RMB Yuan
|||||
|-|-|-|-|
||The relationship with theCompany|||
|Name of entity||Amount|Proportion|
||Corporate acting in concert andholding 5 % of shares|||
|Osram Asia Pacific Co., Ltd.||12,500,123.26|2.25%|
|Youchang Lighting Appliance|Shareholders holding 5 % ofshares|||
|||7,167,204.39|1.29%|
|Co., Ltd.||||
|China OSRAM Lighting|Corporate acting in concert andholding 5 % of shares|||
|||4,399,450.55|0.79%|
|Appliance Co., Ltd.||||
|Youchang (Hangzhou)|Company controlled byrelated-party natural person|||
|||1,759,816.13|0.32%|
|Lighting Appliance Co., Ltd||||
|China Youchang Lighting|Company controlled byrelated-party natural person|||
|||560,216.47|0.10%|
|Appliance Co., Ltd.||||
|Total|--|26,386,810.80|4.75%|

 (7) Information of accounts receivable that terminated recognition
Inapplicable
(8) If securitization is carried out on accounts receivable as the underlying assets, please list amount of assets and liabilities arising from further involvement
Inapplicable
7. Other accounts receivable
(1) Other accounts receivable disclosed by type:
Unit: RMB Yuan
||||||||||
|-|-|-|-|-|-|-|-|-|
||Closing balance||||Opening balance||||
||||Provision for doubtful||||Provision for doubtful||
||Balance||||Balance||||
||||debts||||debts||
|Category|||||||||
|||Proportio||Proportio||Proportion||Proportio|
||||||||Amount||
||Amount|n|Amount|n|Amount||||
|||||||||n|
|Other accounts receivable that provisions for bad debts by group|||||||||
||20,721,714.9||||25,686,259.4||||
|Common business group||100.00%|1,243,302.90|6.00%||100.00%|1,541,175.57|6.00%|
||5||||5||||
||20,721,714.9||||25,686,259.4||||
|Subtotal of group||100.00%|1,243,302.90|6.00%||100.00%|1,541,175.57|6.00%|
||5||||5||||
||20,721,714.9||||25,686,259.4||||
|Total||--|1,243,302.90|--||--|1,541,175.57|--|
||5||||5||||

Notes to the category of other accounts receivable
Other closing accounts receivable that is individually significant and provisions for bad debts individually
□ Applicable√ Inapplicable
In the group, other account receivable adopting aging of accounts to withdraw bad-debt provision
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.√Applicable□Inapplicable
Unit: RMB Yuan
||||||||
|-|-|-|-|-|-|-|
||Period-end|||Period-begin|||
||Book balance||Provision for bad|Book balance||Provision for bad|
|Aging|||||||
|||Proporti|debts||Proporti|debts|
||Amount|||Amount|||
|||on|||on||
|Within 1 year|||||||
|Of which:|||||||
|Within 1 year|16,835,925.24|81.25%|1,010,155.51|22,226,990.87|86.53%|1,333,619.45|
|Subtotal of within 1 year|16,835,925.24|81.25%|1,010,155.51|22,226,990.87|86.53%|1,333,619.45|
|1 to 2 years|604,810.78|2.92%|36,288.65|146,433.33|0.57%|8,786.00|
|2 to 3 years|2,897,496.28|13.98%|173,849.78|2,897,030.66|11.28%|173,821.84|
|Over 3 years|383,482.65|1.85%|23,008.96|415,804.59|1.62%|24,948.28|
|Total|20,721,714.95|--|1,243,302.90|25,686,259.45|--|1,541,175.57|

 In the group, other account receivable adopting balance percentage to withdraw bad-debt provision
□ Applicable√ Inapplicable
In the group, other account receivable adopting other methods to withdraw bad-debt provision
□ Applicable√ Inapplicable
Other closing individually insignificant but provisions for bad debts individually accounts receivable
□ Applicable√ Inapplicable
(2) Information of other accounts receivable reversed or recovered in the reporting period
Inapplicable
(3) Information of other accounts receivable written off in the reporting period
Inapplicable
(4) Other accounts receivable is due from shareholders with more than5% (including5%) of the voting shares of the Company
Inapplicable
(5) Nature or details of other significant accounts receivable
Inapplicable
(6) Information of top five other accounts receivable
Unit: RMB Yuan
||||||
|-|-|-|-|-|
||Relationship with theCompany||||
|Name of entity||Amount|Aging|Proportion of the total|
||Non-related partyrelationship||||
|Export rebates||9,115,730.34|Within 1 year|43.99%|
||Natural person of||||
|***natural person|non-related party|2,450,000.00|Within 1 year|11.82%|
||relationship||||
|***Investment Co., Ltd.|Non-related party|1,810,595.17|2 to 3 years|8.74%|

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
||||||
|-|-|-|-|-|
||relationship||||
|Zhejiang ***Battery|Non-related party||||
|||1,568,550.00|Within 1 year|7.57%|
|Manufacturing Co., Ltd,|relationship||||
|Huizhou *** Cable|||||
||Non-related party||||
|Industrial Development||600,000.00|2 to 3 years|2.90%|
||relationship||||
|Co., Ltd.|||||
|Total|--|15,544,875.51|--|75.02%|

 (7) Information of the amounts due from related parties
Inapplicable
(8) Information of other accounts receivable that terminated recognition
Inapplicable
(9) If securitization is carried out on other accounts receivable as the underlying assets, please list amount of assets and liabilities arising from further involvement
Inapplicable
(10) Government grants confirmed by the amounts receivable at the period-end
Inapplicable
8. Prepayment
(1) List by aging analysis:
Unit: RMB Yuan
||||||
|-|-|-|-|-|
||Closing balance||Opening balance||
|Aging|||||
||Amount|Proportion|Amount|Proportion|
|Within 1 year|63,503,250.97|84.77%|21,791,005.82|90.59%|
|1 year to 2|||||
||1,610,795.23|2.15%|1,716,958.54|7.14%|
|years|||||
|2 years to 3|||||
||8,363,961.33|11.16%|48,253.97|0.20%|
|years|||||
|Over 3 years|1,434,381.04|1.91%|498,101.01|2.07%|
|Total|74,912,388.57|--|24,054,319.34|--|

 Notes to the aging of the prepayments
(2) Information of the top 5 prepayments
Unit: RMB Yuan
||||||
|-|-|-|-|-|
||Relationship with the||||
|Name of entity||Amount|Aging|Reason for unsettled|
||Company||||
||Supplier of non-related|||Had not closed an|
|** Lighting||10,280,412.10|Within 1 year||
||party relationship|||account|
|Nanjing**Optoelectroni|Supplier of non-related|||Had not closed an|
|||7,745,172.00|2 to 3 years||
|c Co., Ltd.|party relationship|||account|
|Zhejiang **light|Supplier of non-related|||Had not closed an|
|||7,082,600.00|Within 1 year||
|Technology Co., Ltd.|party relationship|||account|
|Shangyu **Lighting|Supplier of non-related|3,646,704.69|Within 1 year|Had not closed an|

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
||||||
|-|-|-|-|-|
|Materials Co., Ltd.|party relationship|||account|
|Bo’ai ** Lighting|Supplier of non-related|||Had not closed an|
|||3,143,266.72|Within 1 year||
|Materials Co., Ltd.|party relationship|||account|
|Total|--|31,898,155.51|--|--|

Notes to the major units of the prepayments
(3) Information about amount due from shareholders with more than5% (including5%) of the voting shares of the Company in prepayment
Inapplicable
(4) Notes of prepayment
—Balance of prepayment in the period-end increased RMB 50,858,069.23 compared with the year-begin, accounting to an increase of211.43%, because of the increase of advanced goods payment.
—There was no shareholders prepayment held5% (including5%) among the balance of the prepayments at the period-end.
9. Inventory
(1) Category
Unit: RMB Yuan
||||||||
|-|-|-|-|-|-|-|
||Closing balance|||Opening balance|||
|Item||Impairment of|||Impairment of||
||Book balance||Book value|Book balance||Book value|
|||inventories|||inventories||
|Raw materials|94,606,775.45|3,095,668.34|91,511,107.11|70,269,329.70|3,170,835.38|67,098,494.32|
|Construction|||||||
||193,305,916.45|2,093,157.77|191,212,758.68|121,442,224.71|2,102,946.36|119,339,278.35|
|contract assets|||||||
|Inventory goods|301,578,350.34|1,691,281.81|299,887,068.53|335,274,523.00|6,158,637.61|329,115,885.39|
|Revolving materials|1,557,276.20||1,557,276.20|1,250,498.38||1,250,498.38|
|Total|591,048,318.44|6,880,107.92|584,168,210.52|528,236,575.79|11,432,419.35|516,804,156.44|

 (2) Impairment of inventories
Unit: RMB Yuan
|||||||
|-|-|-|-|-|-|
||||Decrease|||
||Opening balance|Increase|||Closing balance|
|Category||||||
||||Switch back|Written off||
|Raw materials|3,170,835.38|||75,167.04|3,095,668.34|
|Construction contract|2,102,946.36||||2,093,157.77|
|||||9,788.59||
|assets||||||
|Inventory goods|6,158,637.61|||4,467,355.80|1,691,281.81|
|Total|11,432,419.35|||4,552,311.43|6,880,107.92|

 (3) Details of provision for falling price of inventories
|||||
|-|-|-|-|
||||Proportion of the balance of|
|||Reason of switch back the||
||Basis of provision for falling||the inventories among the|
|Item||provision for falling price of||
||price of inventories||amount switched at the|
|||inventories||
||||period-end|

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
|||||
|-|-|-|-|
||Whether the cost or the net|Sold the inventories had||
|Raw materials|||0.08%|
||realizable value is lower|withdrawn for falling price||
||Whether the cost or the net|Sold the inventories had||
|Construction contract assets|||1.48%|
||realizable value is lower|withdrawn for falling price||
||Whether the cost or the net|Sold the inventories had||
|Inventory goods|||0.00%|
||realizable value is lower|withdrawn for falling price||

Notes to the inventories
10. Other current assets
Unit: RMB Yuan
||||
|-|-|-|
|Item|Closing balance|Opening balance|
|Pending deduct VAT on purchase|9,008,826.87|9,408,829.51|
|Total|9,008,826.87|9,408,829.51|

 Notes of other current assets:
Other current assets apply pending deduct VAT on purchase.
11. Available-for-sale financial assets
(1) Information of available-for-sale financial assets
Unit: RMB Yuan
||||
|-|-|-|
|Item|Closing fair value|Opening fair value|
|Equity instruments available-for-sale|59,808,790.72|62,634,402.88|
|Total|59,808,790.72|62,634,402.88|

 In the reporting period, the Company reclassified the held-to-maturity investment into available-for-sale financial assets, a total of RMB0.00 was reclassified, which takes0% of total matured investment before reclassification. Notes of available-for-sale financial assets
—The Company obtained 23,546,768 shares of China Everbright Bank with fair value in period-end of RMB 59,808,790.72 , a decrease of RMB 2,825,612.16 comparing to the year-begin. The Company decreased deferred income tax liability of RMB 423,841.82 and cut RMB2,401,770.34 of capital reserve.
(2) Long-term liability investment of available-for-sale financial assets
Inapplicable
(3) Impairment of available-for-sale financial assets
Inapplicable
(4) Changes of the impairment of available-for-sale financial assets
Inapplicable
(5) Explanation of the plummet or constantly decline of the fair value of the equity instruments available-for-sale at the period-end
Inapplicable
12. Held-to-maturity investment
(1) Investment held-to-maturity
Inapplicable
(2) Investment held-to-maturity that sold but not due in the reporting period
Inapplicable
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. 13. Long-term accounts receivable
Inapplicable
14. Investment to joint ventures and associated enterprises
Unit: RMB Yuan
|||||||||
|-|-|-|-|-|-|-|-|
|||||||Percentage of|Voting|
|Name of|Nature of|Registration|Legal|Nature of|Registered|holding shares|percentage of|
|investee|enterprises|place|representative|business|capital|of the|the Company|
|||||||Company|in investee|
|I. Joint ventures||||||||
|II. Associated enterprises||||||||
|Qinghai FSL||||||||
|Lithium||||||||
|Energy|38.00%|38.00%|27,273,997.21|400,000.00|26,873,997.21|0.00|-6,830,323.93|
|Exploitation||||||||
|Co., Ltd.||||||||

Notes if significant differences exist between the important accounting policies and accounting estimations of joint ventures, associated enterprises and the Company:
Inapplicable
15. Long-term equity investment
(1) List of long-term equity investment
Unit: RMB Yuan
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
|||||||||Explanati||||
|||||||||on for||||
|||||||||indifferen||||
|||||||||||Withdraw||
|||||||||ces||||
|||||||||||n||
|||||||Share||between|||Cash|
||||||||Voting|||impairme||
||Accounti|Initial||||holding||the share|Impairme||bonus in|
||||Opening|Increase/d|Closing||percentag|||nt||
|Investee|ng|investmen||||percentag||holding|nt||the|
||||balance|ecrease|balance||e in|||provision||
||method|t cost||||e in||percentag|provision||reporting|
||||||||investee|||in the||
|||||||investee||e and|||period|
|||||||||||reporting||
|||||||||voting||||
|||||||||||period||
|||||||||percentag||||
|||||||||e in||||
|||||||||investee||||
|Qinghai||||||||||||
|FSL||||||||||||
|Lithium||||||||||||
||Equity|38,000,00|12,807,64|-2,595,52|10,212,11|||||||
|Energy||||||38.00%|38.00%|In accord||||
||method|0.00|2.03|3.09|8.94|||||||
|Exploitati||||||||||||
|on Co.,||||||||||||
|Ltd.||||||||||||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|Guangdo||||||||||
|ng||||||||||
|Fozhao||||||||||
||Equity|12,600,00|5,395,449|-5,395,44||||||
|Guoxuan|||||0.00|||||
||method|0.00|.79|9.79||||||
|Power||||||||||
|Energy||||||||||
|Co., Ltd.||||||||||
|Guangzh||||||||||
|ou||||||||||
|Zhujiang||||||||||
|Asset|Cost|10,000,00|10,000,00||10,000,00||||3,298,904|
|||||0.00||15.38%|15.38%|In accord||
|Managem|method|0.00|0.00||0.00||||.81|
|ent||||||||||
|Company||||||||||
|Limited||||||||||
|Shenzhen||||||||||
|Zhonghao|Cost|5,850,000|5,850,000||5,850,000|Less than|Less than||5,850,000|
|||||0.00||||In accord||
|(Group)|method|.00|.00||.00|5.00%|5.00%||.00|
|Co., Ltd.||||||||||
|Chengdu||||||||||
|Hongbo|Cost|6,000,000|6,000,000||6,000,000|||||
|||||0.00||6.94%|6.94%|In accord||
|Industrial|method|.00|.00||.00|||||
|Co., Ltd.||||||||||
|Ximen||||||||||
||Cost|208,574,2|292,574,1||292,574,1|||||
|Bank Co.,||||0.00||7.99%|7.99%|In accord||
||method|17.00|33.00||33.00|||||
|Ltd.||||||||||
|China||||||||||
|Guangfa|Cost|500,000.0|500,000.0||500,000.0|Less than|Less than|||
|||||0.00||||In accord||
|Bank Co.,|method|0|0||0|5.00%|5.00%|||
|Ltd.||||||||||
|Foshan||||||||||
|Fochen||||||||||
|Road||||||||||
||Cost|20,757,60|8,175,627|-499,999.|7,675,627|||||
|Develop||||||7.66%|7.66%|In accord||
||method|0.00|.38|98|.40|||||
|ment||||||||||
|Company||||||||||
|Limited||||||||||
|Hefei||||||||||
|Guoxuan||||||||||
|High-tech|Cost|160,000,0|160,000,0||160,000,0|||||
|||||0.00||14.84%|14.84%|In accord||
|Power|method|00.00|00.00||00.00|||||
|Energy||||||||||
|Co., Ltd.||||||||||
|Total|--|462,281,8|501,302,8|-8,490,97|492,811,8|--|--|--|9,148,904|

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
||||||
|-|-|-|-|-|
|17.00|52.20|2.86|79.34|.81|

(2) Information of the limitation on the capability to transfer capital to investee
Inapplicable
Notes to the long-term equity investment
—Revenue from Foshan Fochen Road Development Company Limited has been recorded into unified collection and allocation system of road-bridge tolls. The Company regards such investments balances as right to earnings, which shall be amortized within the remaining period of business of this company. In current period, an investment cost of RMB 000 was amortized.
—The investee company Guangdong Fozhao Guoxuan Power Energy Co., Ltd. had completed the liquidation procedures.
—On 15 Aug. 2014, the Company and Guangzhou Finance Holdings Group Co., Ltd. signed<The Equity TransactionContract>, according to which Guangzhou Finance Holdings Group Co., Ltd. agreed to acquire the15.38% stake of Guangzhou Pearl River Asset Management Co., Ltd. held by the Company at the price of RMB 8.52 million. Upon completion of this equity transaction, the Company no longer holds any equity in Guangzhou Pearl River Asset Management Co., Ltd.
16. Investment property
(1) Investment property calculated by cost
Inapplicable
(2) Investment property calculated by fair value
Inapplicable
17. Fixed assets
(1) Fixed assets details
Unit: RMB Yuan
|||||||
|-|-|-|-|-|-|
||Opening book|||Decrease in the|Closing book|
|Item||Increase in the reporting period||||
||balance|||reporting period|balance|
|I. Total original book value|1,489,457,684.10|22,161,975.81||10,801,534.81|1,500,818,125.10|
|Including: Property and||||||
||543,991,872.91|838,117.80|||544,829,990.71|
|building||||||
|Machineries||||||
||907,867,064.24|16,033,761.53||9,431,362.51|914,469,463.26|
|Vehicles||||||
||19,532,490.54|959,887.87|||20,492,378.41|
|Other equipment|18,066,256.41|4,330,208.61||1,370,172.30|21,026,292.72|
||||||Closing book|
||Opening book|Increase in the|Withdrawal in the|Decrease in the||
|--|||||balance in|
||balance|reporting period|reporting period|reporting period||
||||||currency period|
|II. Accumulated||||||
||1,012,463,187.90||40,950,477.19|8,417,621.45|1,044,996,043.64|
|depreciation||||||
|Including: Property and||||||
||316,586,563.58||10,864,910.77||327,451,474.35|
|building||||||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
|||||||
|-|-|-|-|-|-|
|Machineries||||||
||672,113,058.11||20,710,549.49|7,093,837.54|685,729,770.06|
|Vehicles||||||
||12,995,943.08||762,449.54||13,758,392.62|
|Other equipment|10,767,623.13||8,612,567.39|1,323,783.91|18,056,406.61|
||Opening book||||Closing balance in|
|--||--||||
||balance||||current period|
|III. The net book value of||||||
||476,994,496.20|--|||455,822,081.46|
|fixed assets||||||
|Including: Property and||||||
||227,405,309.33|--|||217,378,516.36|
|building||||||
|Machineries||||||
||235,754,006.13|--|||223,412,288.04|
|Vehicles||||||
||6,536,547.46|--|||6,733,985.79|
|Other equipment||||||
||7,298,633.28|--|||8,297,291.27|
|IV. Total impairment||||||
||4,254,006.36|--|||4,254,006.36|
|provision||||||
|Machineries|4,254,006.36|--|||4,254,006.36|
|Other equipment||--||||
|V. Total book value of fixed|472,740,489.84||||451,568,075.10|
|||--||||
|assets||||||
|Including: Property and||||||
||227,405,309.33|--|||217,378,516.36|
|building||||||
|Machineries||||||
||231,499,999.77|--|||224,485,686.84|
|Vehicles||||||
||6,536,547.46|--|||6,733,985.79|
|Other equipment|7,298,633.28|--|||2,969,886.11|

 Depreciation amount of this reporting period was RMB 40,950,477.19 and RMB 14,470,635.42was transferred into fixed assets from construction project.
(2) Temporary idle fixed assets
Unit: RMB Yuan
|||||||
|-|-|-|-|-|-|
|||Accumulated|Impairment|||
|Item|Original book value|||Net book value|Remark|
|||depreciation|provision|||
|Machineries|32,848,305.01|28,241,199.26|4,254,006.36|353,099.39||

(3) Fixed assets rented in by financial leasing
Inapplicable
(4) Fixed assets leased out by operating leasing
Inapplicable
(5) Fixed assets held for sale at the period-end
Inapplicable
(6) Information of fixed assets failed to accomplish certification of property
Inapplicable
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. Notes to the fixed assets
—Up to 30 Jun. 2014, there was no any fixed asset rented in by financial leasing or held for sale of the Company. 18. Construction in progress
(1) Situation of construction in progress
Unit: RMB Yuan
||||||||
|-|-|-|-|-|-|-|
||Closing balance|||Opening balance|||
|Item||Impairment|||Impairment||
||Book balance||Book value|Book balance||Book value|
|||provision|||provision||
|Fuwan Industrial Park|12,247,062.64||12,247,062.64|12,247,062.64||12,247,062.64|
|Fuwan Industrial Park Lithium|||||||
|Battery Manufacturing|9,897,936.70||9,897,936.70|9,763,878.38||9,763,878.38|
|Workshop|||||||
|H7 Automatic production|||||||
|||||9,429,749.02||9,429,749.02|
|equipment|||||||
|Third district hard glass|||||||
||8,149,794.29|3,695,984.29|4,453,810.00|8,149,794.29|3,695,984.29|4,453,810.00|
|furnace|||||||
|LED No.2 workshop|4,118,513.64||4,118,513.64|3,804,487.14||3,804,487.14|
|6#、7#、8# furnace|11,040,134.04||11,040,134.04|2,835,008.92||2,835,008.92|
|Home-built equipments|10,680,378.80||10,680,378.80|5,525,464.41||5,525,464.41|
|Transformation equipments|16,578,886.03||16,578,886.03|13,331,250.82||13,331,250.82|
|Other outsourcing equipments|25,405,501.64||25,405,501.64|13,653,761.23||13,653,761.23|
|Total|98,118,207.78|3,695,984.29|94,422,223.49|78,740,456.85|3,695,984.29|75,044,472.56|

 (2) Significant changes in construction in progress
Unit: RMB Yuan
||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|
||||||||||Includin||||
|||||Transferr||Project|||g:||||
|||||||||||Capitaliz|||
|||Opening|||Other|input||Capitaliz|capitaliz||Source||
|Name of|||Increase|ed to|||Project|||ation of||Closing|
||Budget|||||percenta||ation of|ation of||of||
|project||balance||fixed|decrease||process|||interest||balance|
|||||||ge of||interest|interest||funding||
|||||assets||||||rate|||
|||||||budget|||this||||
||||||||||period||||
|Fuwan|||||||Later||||||
||||||||||||Self-own||
|Lighting|14,800,0|12,247,0|||||period of|||||12,247,0|
|||||||82.75%|||||ed||
|Industria|00.00|62.64|||||the|||||62.64|
||||||||||||capital||
|l Park|||||||project||||||
|Fuwan|||||||||||||
|Industria|||||||||||||
||||||||Later||||||
|l Park|||||||||||Self-own||
||10,380,0|9,763,87|134,058.||||period of|||||9,897,93|
|Lithium||||||95.36%|||||ed||
||00.00|8.38|32||||the|||||6.70|
|Battery|||||||||||capital||
||||||||project||||||
|Manufac|||||||||||||
|turing|||||||||||||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|Worksho||||||||||
|p||||||||||
|H7||||||||||
|Automat||||||||||
|ic||||||Project||Self-own||
||10,570,0|9,429,74|406,650.|9,836,39||||||
|producti|||||93.06%|completi||ed|0.00|
||00.00|9.02|83|9.85||||||
|on||||||on||capital||
|equipme||||||||||
|nts||||||||||
|||||||Project||||
|Third||||||||||
|||||||ceased||||
|district||||||||Self-own||
||8,600,00|8,149,79||||and had|||8,149,79|
|hard|||||94.77%|||ed||
||0.00|4.29||||made|||4.29|
|glass||||||||capital||
|||||||impairm||||
|furnace||||||||||
|||||||ent||||
|||||||Middle||||
|6#, 7#,||||||||Self-own||
||18,610,0|2,835,00|8,205,12|||period of|||11,040,1|
|8#|||||59.32%|||ed||
||00.00|8.92|5.12|||the|||34.04|
|furnace||||||||capital||
|||||||project||||
|LED||||||Later||||
|||||||||Self-own||
|No.2|4,230,00|3,804,48|314,026.|||period of|||4,118,51|
||||||97.36%|||ed||
|worksho|0.00|7.14|50|||the|||3.64|
|||||||||capital||
|p||||||project||||
|||||||Later||||
|Home-b||||||||Self-own||
||12,603,0|5,525,46|5,415,00|260,092.||period of|||10,680,3|
|uilt equi|||||86.81%|||ed||
||00.00|4.41|6.51|12||the|||78.80|
|pments||||||||capital||
|||||||project||||
|Transfor||||||Later||||
|||||||||Self-own||
|mation e|23,737,0|13,331,2|5,835,29|2,587,65||period of|||16,578,8|
||||||80.75%|||ed||
|quipmen|00.00|50.82|4.14|8.93||the|||86.03|
|||||||||capital||
|ts||||||project||||
|||||||Middle||||
|||||||||Self-own||
||37,184,0|13,653,7|13,538,2|1,786,48||period of|||25,405,5|
|Other|||||73.13%|||ed||
||00.00|61.23|24.93|4.52||the|||01.64|
|||||||||capital||
|||||||project||||
||140,714,|78,740,4|33,848,3|14,470,6|||||98,118,2|
|Total|||||--|--|--|--||
||000.00|56.85|86.35|35.42|||||07.78|

 Notes to the changes in construction in progress
(3) Impairment provision of construction in progress
Unit: RMB Yuan
|||||||
|-|-|-|-|-|-|
|||Increase in the|Decrease in the|Closing balance|Reason for|
|Item|Opening amount|||||
|||reporting period|reporting period||withdrawal|
|Third district hard||||||
||3,695,984.29|||3,695,984.29||
|glass furnace||||||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
|||||
|-|-|-|-|
|Total|3,695,984.29|3,695,984.29|--|

 (4) Information of procedures of significant construction in progress
||||
|-|-|-|
|Item|Project process|Note|
|Fuwan Lighting Industrial Park|Later period of the project||
|Fuwan Industrial Park Lithium Battery|||
||Later period of the project||
|Manufacturing Workshop|||
|H7 Automatic production equipments|Project completion||
|Third district hard glass furnace|Project ceased and had made impairment||
|6#, 7#, 8# furnace|Middle period of the project||
|LED No.2 workshop|Later period of the project||
|Home-built equipments|Later period of the project||
|Transformation equipments|Later period of the project||
|Other|Middle period of the project||

(5) Notes of construction in progress
— None of each item of the construction in progress has to grant the capitalization of interest and exchange gains and losses.
19. Engineering materials
Inapplicable
20. Clearance of fixed assets
Inapplicable
21. Productive biological assets
(1) Calculate by cost
Inapplicable
(2) Calculate by fair value
Inapplicable
22. Oil and gas assets
Inapplicable
23. Intangible assets
(1) Information
Unit: RMB Yuan
||||||
|-|-|-|-|-|
|Item|Opening balance|Increase in this period|Decrease in this period|Closing balance|
|I. Total original book value|213,556,603.55|20,520,229.92||234,076,833.47|
|Of which: land use right|211,719,938.60|||211,719,938.60|
|Software use right|1,636,664.95|19,529.92||1,656,194.87|
|Patent right|200,000.00|20,500,700.00||20,700,700.00|
|II. Total accrued|||||
||40,322,004.82|2,614,544.78||42,936,549.60|
|amortization|||||
|Of which: land use right|40,070,782.26|1,956,418.58||42,027,200.84|

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
|||||
|-|-|-|-|
|Software use right|54,555.50|168,328.26|222,883.76|
|Patent right|196,667.06|489,797.94|686,465.00|
|III. Total net book value of||||
||173,234,598.73|17,905,685.14|191,140,283.87|
|intangible assets||||
|Of which: land use right|171,649,156.34|-1,956,418.58|169,692,737.76|
|Software use right|1,582,109.45|-148,798.34|1,433,311.11|
|Patent right|3,332.94|20,010,902.06|20,014,235.00|
|Of which: land use right||||
|Software use right||||
|Patent right||||
|Total book value of|173,234,598.73||191,140,283.87|
|||17,905,685.14||
|intangible assets||||
|Of which: land use right|171,649,156.34|-1,956,418.58|169,692,737.76|
|Software use right|1,582,109.45|-148,798.34|1,433,311.11|
|Patent right|3,332.94|20,010,902.06|20,014,235.00|

 Amortization was of RMB 2,614,544.78 in the reporting period.
(2) Development project spending
Inapplicable
24. Goodwill
Unit: RMB Yuan
|||||||
|-|-|-|-|-|-|
||||||Provision for|
|Investee or events formed the||||||
||Opening balance|Increase|Decrease|Closing balance|impairment at|
|goodwill||||||
||||||the period-end|
|Suzhou Mont Lighting Co., Ltd.|0.00|6,603,743.83|0.00|6,603,743.83|0.00|
|Total|0.00|6,603,743.83|0.00|6,603,743.83|0.00|

 Notes to the impairment test method and withdraw method of provision for impairment of goodwill
On 25 Apr. 2014, the Company signed the agreement on the acquisition and the expandation of the capital and shares. The Company gained50.50% equities of Suzhou Mont Lighting Co., Ltd. with the investment amount of RMB 24,360,000.00. The Company enjoyed the fair value of the net identifiable assets on the acquisition date of Suzhou Mont Lighting Co., Ltd. of RMB 17,756,256.17, of which the difference between the investment costs were confirmed as goodwill. After the equity acquisition, Suzhou Mont Lighting Co., Ltd. was renewed as the controlled combining party.
25. Long-term amortization expense
Inapplicable
26. Deferred tax assets and liabilities
(1) Deferred tax assets and liabilities are not listed as the net value after offset
Deferred tax assets and liabilities that already recognized
Unit: RMB Yuan
||||
|-|-|-|
|Item|Closing balance|Opening balance|
|Deferred income tax assets:|||
|Provision for assets impairment|7,229,205.63|8,459,053.84|

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
||||
|-|-|-|
|Deductible losses|2,240,937.40|2,240,937.40|
|Depreciation of fixed assets|11,987,464.21|11,973,373.90|
|Payroll payable|7,598,556.28|6,086,781.28|
|Changes in fair value of trading financial asse|||
||0.00|164,520.32|
|ts|||
|Subtotal|29,056,163.52|28,924,666.74|
|Deferred income tax liabilities:|||
|Fair value changes on available-for-sale financial|||
||4,467,497.14|4,891,338.97|
|assets that recognized into capital reserves|||
|Changes in fair value of trading financial assets|2,843.15|0.00|
|Subtotal|4,470,340.29|4,891,338.97|

 List of taxable differences and deductible differences
Unit: RMB Yuan
||||
|-|-|-|
||Amount of temporary differences||
|Item|||
||Closing balance|Opening balance|
|Taxable difference items|||
|Property depreciation preparation|46,853,584.02|54,978,452.59|
|Deductible losses|8,963,749.61|8,963,749.61|
|Depreciation of fixed assets|79,782,273.70|79,688,338.30|
|Payroll payable|50,657,041.85|40,578,541.85|
|Changes in fair value of trading financial assets|-18,954.33|1,096,802.10|
|Subtotal|186,237,694.85|185,305,884.45|
|Deductible temporary differences|||
|Fair value changes on available-for-sale financial|||
||29,783,314.28|32,608,926.44|
|assets|||
|Subtotal|29,783,314.28|32,608,926.44|

 (2) Deferred income tax assets and liabilities are listed as the net value after offset
Notes of deferred income tax assets and liabilities
Unit: RMB Yuan
||||||
|-|-|-|-|-|
|||Deferred deductible|||
|||||Deferred deductible|
||Deferred income tax|or taxable temporar|Deferred income tax||
|||||or taxable temporar|
||assets and liabilities|y differences at the|assets and liabilities||
|Item||||y differences at the|
||at the end of the|end of the period|at the opening of the||
|||||opening of the per|
||period||period||
|||||iod|
|Deferred income tax assets|29,056,163.52||28,924,666.74||
|Deferred income tax liabilities|4,470,340.29||4,891,338.97||

List of the mutual deduction of deferred income tax assets and deferred income tax liabilities
Notes to the deferred income tax assets and deferred income tax liabilities
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. 27. List of provision for assets impairment
Unit: RMB Yuan
|||||||
|-|-|-|-|-|-|
|||Increase in this|Decrease in this period|||
|Item|Opening balance||||Closing balance|
|||period|Reversal|Written off||
|I. Provision for bad debt|26,448,626.78|8,025,505.65|||34,474,132.43|
|II. Provision for inventory|11,432,419.35|||4,552,311.43|6,880,107.92|
|falling price||||||
|III. Impairment provision of|||||9,148,904.81|
||9,148,904.81|||||
|long-term equity investment||||||
|IV. Impairment provision of|4,254,006.36||||4,254,006.36|
|fixed assets||||||
|V. Impairment provision of|3,695,984.29||||3,695,984.29|
|construction in progress||||||
|VI. Provision of goodwill|||||0.00|
|impairment||||||
|Total|54,979,941.59|8,025,505.65||4,552,311.43|58,453,135.81|

 Notes:
—Assets impairment increased is due to provision for accounts receivable and other bad debts preparation of accounts receivable.
—Assets impairment decreased is due to partly of the products which had withdrawn for falling price had realized the sales.
28. Other non-current assets
Unit: RMB Yuan
||||
|-|-|-|
|Item|Closing balance|Opening balance|
|Land purchase and the ownership implicit of|||
||41,755,700.00|41,755,700.00|
|relevant items|||
|Prepayments for business facilities|9,674,122.41|5,638,494.81|
|Total|51,429,822.41|47,394,194.81|

 Notes of other non-current assets
Other non-current assets are mainly composed of land purchasing, the ownership implicit of relevant items and prepayments for business facilities.
29. Short-term loan
(1) Category of short-term loans
Inapplicable
(2) Short-term loans due but not repaid
Inapplicable
30. Trading financial liabilities
Inapplicable
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. 31. Notes payable
Inapplicable
32. Accounts payable
(1) Information
Unit: RMB Yuan
||||
|-|-|-|
|Item|Closing balance|Opening balance|
|Accounts payable|506,823,920.43|270,968,881.44|
|Total|506,823,920.43|270,968,881.44|

 (2) The accounts payable to shareholders with more than5% (including5%) of the voting shares of the Company
Unit: RMB Yuan
||||
|-|-|-|
|Name of company|Closing balance|Opening balance|
|Youchang Lighting Equipment Co., Ltd.|1,700,721.98|573,328.59|

 (3) Notes of the large amount of accounts payable aging over one year:
The large amount of accounts payable aging over one year mainly is the materials unpaid accounts.
33. Advance from customers
(1) Information
Unit: RMB Yuan
||||
|-|-|-|
|Item|Closing balance|Opening balance|
|Advance from customers|57,304,411.41|45,620,298.34|
|Total|57,304,411.41|45,620,298.34|

 (2) Advanced from customers from shareholders with more than5% (including5%) of the voting shares of the Company
Inapplicable
(3) Notes of significant advance from customers aging over one year
—The balance of the advance at the period-end was all goods in advance and there was no advance aged more than 3 years.
—The advance at the period-end increased RMB 11,684,113.07 over the beginning of the period with the increase rate of25.61%, which was mainly due to the corresponding increase of thedealer’s payments in advance as the business scale of LED expanded and the promotion and marketing of the strengthening of LED products.
—There was no account of shareholders held5% (including5%) of the voting shares among the balance of the advance at the period-end.
34. Payroll payable
Unit: RMB Yuan
||||||
|-|-|-|-|-|
|Item|Opening balance|Increase in this period|Decrease in this period|Closing balance|
|I. Salary, bonus,|||||
||65,284.37|204,443,988.56|203,776,522.06|732,750.87|
|allowance, subsidy|||||
|II. Employee welfare||9,230,770.15|9,230,770.15||
|III. Social insurance||29,511,683.07|29,511,683.07||
|Including: Medical|||||
|||10,056,590.96|10,056,590.96||
|insurance premiums|||||
|Basic endowment i||15,633,918.07|15,633,918.07||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
||||||
|-|-|-|-|-|
|nsurance|||||
|Unemployment|||||
|||821,582.79|821,582.79||
|insurance|||||
|Work-related injury|||||
|||1,494,635.49|1,494,635.49||
|insurance|||||
|Maternity insurance||1,504,955.76|1,504,955.76||
|IV. Housing fund||1,834,570.38|1,834,570.38||
|VI. Others|60,571,456.48|12,516,579.89|19,109,370.92|53,978,665.45|
|Equity incentive fu|||||
||60,184,828.68|10,113,820.00|16,748,943.41|53,549,705.27|
|nd|||||
|Labour union expen|||||
|diture and personne|386,627.80|2,402,759.89|2,360,427.51|428,960.18|
|l education fund|||||
|Total|60,636,740.85|257,537,592.05|263,462,916.58|54,711,416.32|

 The amounts in arrears of payroll payable are RMB 0.
The labor union budget and employee education budget is RMB 2,402,759.89, and the non-monetary benefits are RMB 0, as well as the compensation for terminating the labor contract is RMB 0.
35. Taxes payable
Unit: RMB Yuan
||||
|-|-|-|
|Item|Closing balance|Opening balance|
|Value-added tax|6,288,276.88|4,364,194.29|
|Business tax|91,513.94|179,348.08|
|Corporate income tax|28,530,656.22|7,830,829.28|
|Personal income tax|5,348,252.10|392,987.55|
|Urban maintenance and construction tax|707,097.08|1,063,705.63|
|Other taxes and fares|3,490,408.99|5,740,056.95|
|Total|44,456,205.21|19,571,121.78|

 36. Interest payable
Inapplicable
37. Dividends payable
Inapplicable
38. Other accounts payable
(1) Information
Unit: RMB Yuan
||||
|-|-|-|
|Item|Closing balance|Opening balance|
|Other accounts payable|25,343,778.09|35,613,570.14|
|Total|25,343,778.09|35,613,570.14|

 (2) Other accounts payable from shareholders with more than5% (including5%) of the voting shares of
the Company
Inapplicable
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. (3) Notes of the other large amount accounts payable aging over one year.
The other large amount accounts payable aging over one year mainly is the material margin paid by the suppliers. (4) Other large amount accounts payable should explain the content
Inapplicable
39. Estimated liabilities
Inapplicable
40. Non-current liabilities due within 1 year
(1) Non-current liabilities due within 1 year
Inapplicable
(2) Long-term loans due within 1 year
Inapplicable
(3) Bonds payable due within 1 year
Inapplicable
(4) Long-term accounts payable due within 1 year
Inapplicable
41. Other current liabilities
Inapplicable
42. Long-term loans
(1) Category of long-term loans
Inapplicable
(2) Long-term borrowings of top 5
Inapplicable
43. Bonds payable
Inapplicable
44. Long-term payable
(1) Long-term accounts payable of top 5
Inapplicable
(2) List of accrued financial lease outlay of the long-term accounts payable
Inapplicable
45. Specific payable
Inapplicable
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. 46. Other non-current liabilities
Unit: RMB Yuan
||||
|-|-|-|
|Item|Closing balance|Opening balance|
|Governmental subsidy|||
|Including: Governmental subsidy related to|||
||165,109.00|113,109.00|
|profits|||
|Governmental subsidy related to assets.|10,817,441.93|10,979,441.73|
|Total|10,982,550.93|11,092,550.73|

 Liabilities items involved with governmental grants
Unit: RMB Yuan
||||||||
|-|-|-|-|-|-|-|
|||Amount of|||||
||||Amount included||||
|||newly increased|||Closing|Related to|
|Liabilities items|Opening balance||in non-operating|Other changes|||
|||grants of the|||amount|assets/profits|
||||income||||
|||reporting period|||||
|Incandescent lamps|||||||
|convert electronic|||||||
||9,852,274.95||||9,852,274.95|Related to assets|
|energy saving lamps|||||||
|items|||||||
|Production line of|||||||
|energy-saving|||||||
|fluorescent lamps of|929,999.96||77,499.82||852,500.14|Related to assets|
|50 million annual|||||||
|output|||||||
|Furnace|||||||
|desulphurization and|||||||
||197,166.82||84,499.98||112,666.84|Related to assets|
|dust removal system|||||||
|items|||||||
|Non-electrolytic|||||||
|capacitor drive power|113,109.00|52,000.00|||165,109.00|Related to profits|
|supply technology|||||||
|Total|11,092,550.73|52,000.00|161,999.80||10,982,550.93|--|

 47. Share capital
Unit: RMB Yuan
|||||||||
|-|-|-|-|-|-|-|-|
|||Increase/Decrease (+/-)||||||
||Opening|||Capitalization|||Closing|
|||Issuing new||||||
||balance||Bonus shares|of public|Other|Subtotal|balance|
|||shares||||||
|||||reserves||||
|Total shares|978,563,745.00||||||978,563,745.00|

 48. Treasury stock
Inapplicable
49. Special reserves
Inapplicable
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. 50. Capital reserves
Unit: RMB Yuan
||||||
|-|-|-|-|-|
|Item|Opening balance|Increase in this period|Decrease in this period|Closing balance|
|Capital premium (share|||||
||582,653,147.29|||582,653,147.29|
|capital premium)|||||
|Other capital reserves|34,940,959.92||2,401,770.34|32,539,189.58|
|Total|617,594,107.21||2,401,770.34|615,192,336.87|

 Notes:
—On 18 Apr. 2010, the shares of China Everbright Bank Co., Ltd. listed in Shanghai Securities Trading Center. The Company held 23,546,768.00 shares of Everbright Bank and its closing fair value is RMB 59,808,790.72, decreased in an amount of RMB 2,825,612.16 when compared to the opening fair value. According to the relevant rules, the Company had adjusted and reduced the deferred income tax liabilities of RMB 423,841.82, and the balance of RMB 2,401,770.34 would be decreased into capital surplus.
51. Surplus reserves
Unit: RMB Yuan
||||||
|-|-|-|-|-|
|Item|Opening balance|Increase in this period|Decrease in this period|Closing balance|
|Legal surplus reserves|485,607,963.60|||485,607,963.60|
|Discretional surplus reserves|136,886,568.36|||136,886,568.36|
|Total|622,494,531.96|||622,494,531.96|

 52. Provision for general risk
Inapplicable
53. Retained profits
Unit: RMB Yuan
||||
|-|-|-|
|||Withdrawal or distributed|
|Item|Amount||
|||proportion|
|Opening balance of retained profits before|||
||671,929,537.57|--|
|adjustments|||
|Opening balance of retained profits after|671,929,537.57||
|||--|
|adjustments|||
|Add: Net profit attributable to owners of the|||
||188,959,139.45|--|
|Company|||
|Dividend of common stock payable|156,570,199.20||
|Closing retained profits|704,318,477.82|--|

List of adjustment of opening retained profits:
1) RMB000 opening retained profits was affected by retrospective adjustment conducted according to the Accounting Standards for Business Enterprises and relevant new regulations.
2) RMB0.00 opening retained profits was affected by changes on accounting policies.
3) RMB0.00 opening retained profits was affected by correction of significant accounting errors.
4) RMB0.00 opening retained profits was affected by changes in combination scope arising from same control.
5) RMB0.00 opening retained profits was affected totally by other adjustments.
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. 54. Revenue and Cost of Sales
(1) Revenue and Cost of Sales
Unit: RMB Yuan
||||
|-|-|-|
|Item|Reporting period|Same period of last year|
|Sales of main business|1,527,520,198.14|1,182,317,613.69|
|Other operating income|15,538,559.89|25,942,832.37|
|Cost of sales|1,156,217,280.15|925,675,209.12|

 (2) Main business (Classified by industry)
Unit: RMB Yuan
||||||
|-|-|-|-|-|
||Reporting period||Same period of last year||
|Industry|||||
||Revenue of sales|Costs of sales|Revenue of sales|Costs of sales|
|Lighting components and lamps|1,527,520,198.14|1,144,349,961.56|1,182,317,613.69|909,136,643.67|
|Total|1,527,520,198.14|1,144,349,961.56|1,182,317,613.69|909,136,643.67|

 (3) Main business (Classified by product)
Unit: RMB Yuan
||||||
|-|-|-|-|-|
||Reporting period||Same period of last year||
|Product|||||
||Revenue of sales|Costs of sales|Revenue of sales|Costs of sales|
|Lighting components and lamps|1,527,520,198.14|1,144,349,961.56|1,182,317,613.69|909,136,643.67|
|Among: traditional lighting|||||
||1,106,737,704.75|809,263,104.37|26.88%|1.82%|
|products|||||
|LED lighting products|420,782,493.39|335,086,857.19|20.37%|341.10%|
|Total|1,527,520,198.14|1,144,349,961.56|1,182,317,613.69|909,136,643.67|

 (4) Main business (Classified by area)
Unit: RMB Yuan
||||||
|-|-|-|-|-|
||Reporting period||Same period of last year||
|Area|||||
||Revenue of sales|Costs of sales|Revenue of sales|Costs of sales|
|Domestic sales|1,036,705,528.94|815,542,735.07|854,494,345.56|669,777,009.95|
|Export sales|490,814,669.20|328,807,226.49|327,823,268.13|239,359,633.72|
|Total|1,527,520,198.14|1,144,349,961.56|1,182,317,613.69|909,136,643.67|

 (5) The revenue of sales from the top five customers
Unit: RMB Yuan
||||
|-|-|-|
|Customer|Main business revenue|Proportion of total business revenue|
|** COMPANY|183,203,928.16|11.87%|
|** ELECTRIC COMPANY|26,175,521.25|1.70%|
|Guangzhou ** Lighting Appliance|||
||20,154,129.33|1.31%|
|Co., Ltd.|||
|Shenzhen ** Electric Appliance|||
||19,876,497.63|1.29%|
|Co., Ltd.|||
|PROSPERITY LAMPS &|||
||19,860,345.46|1.29%|
|COMPONENTS LIMITED|||
|Total|269,270,421.83|17.46%|

55. Contract project incomes
Inapplicable
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. 56. Business tax and surcharges
Unit: RMB Yuan
|||||
|-|-|-|-|
|Item|Reporting period|Same period of last year|Calculation and payment standard|
|Business tax|714,498.78|409,637.15|5% of taxable income|
|Urban maintenance and construction||||
||8,389,063.00|7,714,158.28|7% of turnover tax|
|tax||||
|Education surtax|6,026,392.52|5,573,835.89|3-5% of turnover tax|
|Total|15,129,954.30|13,697,631.32|--|

57. Selling expenses
Unit: RMB Yuan
||||
|-|-|-|
|Item|Reporting period|Same period of last year|
|Traffic expenses|23,683,251.76|21,153,629.91|
|Energy saving product promotion services|||
||3,088,819.85|832,380.00|
|expenses|||
|Worker wages and salaries|19,829,713.47|12,193,767.40|
|Advertising, business costs|5,850,819.24|4,688,044.76|
|Commission|0.00|1,127,337.29|
|Travel expenses|1,349,726.52|1,423,080.88|
|Promotional gifts, distribution and meeting|||
||4,402,514.31|561,786.30|
|expenses|||
|Street light project maintenance expenses|2,711,494.40|0.00|
|Other|2,051,573.38|2,451,213.54|
|Total|62,967,912.93|44,431,240.08|

 58. Administration expenses
Unit: RMB Yuan
||||
|-|-|-|
|Item|Reporting period|Same period of last year|
|The worker wages and salaries|31,108,589.63|18,374,115.70|
|Depreciation expenses|10,463,236.40|7,942,950.50|
|Tax fees|8,327,329.62|5,905,536.61|
|Administrative expenses|3,279,753.58|2,924,002.32|
|Depreciation on intangible assets|2,610,636.23|1,796,063.59|
|R&D expenses|3,604,623.15|1,944,808.32|
|Testing expense|886,083.99|849,289.88|
|Others|44,215,086.85|38,195,634.61|
|Total|104,495,339.45|77,932,401.53|

59. Financial expenses
Unit: RMB Yuan
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
||||
|-|-|-|
|Item|Reporting period|Same period of last year|
|Interest expenses|0.00|0.00|
|Less: Interest received|7,550,981.32|8,345,219.86|
|Exchange losses|1,194,090.82|3,317,882.75|
|Others|623,542.87|1,063,519.22|
|Total|-5,733,347.63|-3,963,817.89|

 60. Gains and losses from changes in fair value
Unit: RMB Yuan
||||
|-|-|-|
|Source|Reporting period|Same period of last year|
|Trading financial assets|1,115,756.46|-69,701.45|
|Total|1,115,756.46|-69,701.45|

 61. Investment income
(1) List of investment income
Unit: RMB Yuan
||||
|-|-|-|
|Item|Reporting period|Same period of last year|
|Long-term equity investment income accounted by|||
||21,442,835.22|0.00|
|cost method|||
|Long-term equity investment income accounted by|||
||-2,612,635.56|-2,310,773.80|
|equity method|||
|Investment income gained from disposal of tradable|||
||-714,793.88|0.00|
|financial assets|||
|Investment income gained from available-for-sale|||
||0.00|1,365,712.54|
|financial assets|||
|Total|18,115,405.78|-945,061.26|

 (2) Long-term equity investment income accounted by cost method
Unit: RMB Yuan
|||||
|-|-|-|-|
|||Same period of last||
|Name of investee|Reporting period||Reason for increase/decrease|
|||year||
||||Received dividend bonus money of the|
|Xiamen Bank Inc.|21,942,835.20|0.00||
||||investee in the reporting period|
||||Conducted amortization to the investee|
|Foshan Fochen Highway Development|||according to Foshan bridge tolls|
||-499,999.98|0.00||
|Co., Ltd.|||unified collection distribution system|
||||in the reporting period|
|Total|21,442,835.22|0.00|--|

(3) Long-term equity investment income accounted by equity method
Unit: RMB Yuan
|||||
|-|-|-|-|
|||Same period of last||
|Name of investee|Reporting period||Reason for increase/decrease|
|||year||
|Qinghai Fozhao Lithium Energy||||
||-2,595,523.09|-1,957,819.93|Loss increase in this period|
|Development Co., Ltd.||||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
|||||
|-|-|-|-|
|Guangdong Fozhao Guoxuan Power||||
||-17,112.47|-352,953.87|losses of cancellation liquidation|
|Battery Co., Ltd.||||
|Total|-2,612,635.56|-2,310,773.80|--|

62. Impairment losses
Unit: RMB Yuan
||||
|-|-|-|
|Item|Reporting period|Same period of last year|
|I. Loss on bad debts|8,025,505.65|16,288,405.88|
|II. Loss on inventory valuation|-4,552,311.43|1,565,515.32|
|Total|3,473,194.22|17,853,921.20|

 63. Non-operating gains
(1) List of non-operating gains
Unit: RMB Yuan
|||||
|-|-|-|-|
||||Included in the amount of|
|Item|Reporting period|Same period of last year|the non-recurring gains and|
||||losses of the current period|
|Including：Gains from disposal of fixed||||
||3,458.00|10,337,873.72|3,458.00|
|assets||||
|Gains from disposal of intangible assets|0.00|6,448,625.49||
|Government grants|2,603,201.80|54,481,517.78|323,499.80|
|Others|687,707.26|412,143.18|687,707.26|
|Total|3,294,367.06|71,680,160.17|1,014,665.06|

（2）Government grants recorded into current profits and losses
Unit: RMB Yuan
||||||
|-|-|-|-|-|
|||||Whether belong to|
||||Related to assets/ related||
|Item|Reporting period|Same period of last year||non-current profits and|
||||to income||
|||||losses|
|Financial subsidies of|||||
|efficient lighting|||||
||2,279,702.00|54,179,017.80|Related to income|No|
|products promoting|||||
|project|||||
|Foshan project funding|||||
|of supporting relevant|||||
||0.00|200,000.00|||
|economic development|||||
|items|||||
|Incentive subsidy funds|||||
|of No.36 groups of ea|||||
||13,000.00|18,000.00|Related to income|Yes|
|rly retirement incentive|||||
|of yellow label car|||||
|Furnace desulphurizatio|||||
||84,499.98|84,499.98|Related to income|Yes|
|n system items|||||
|Annual output of 50|||||
||77,499.82|0.00|Related to income|Yes|
|million energy-saving|||||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
||||||
|-|-|-|-|-|
|fluorescent lamp|||||
|production line project|||||
|Special funds|||||
||116,000.00|0.00|Related to income|Yes|
|(foreign-related services)|||||
|Other scattered|||||
||32,500.00|0.00|Related to income|Yes|
|government subsidies|||||
|Total|2,603,201.80|54,481,517.78|--|--|

—Government subsidy on energy saving products was the central government subsidy that the Company obtained for promoting national efficient lighting products. The Company respectively won the bidding of National Efficient Lighting Products Promotion Project and Fiscal Subsidy Promotion Project of 2012/2013 Annual Semiconductor Lighting Products in Jul. 2012 and Oct. 2012. According to the spirit of documents of the Notice of The State Council Printed and Distributed about Comprehensive Work Plan of Energy Saving and Emission Reduction (GF[2007] No. 15) and Efficient Lighting Products Promotion Subsidy Money Management Interim Measures (CJ[2007] No. 1027) issued by Ministry of Finance and NDRC, the Central Government sets up special fund, with the method of indirect subsidy to terminal customers, gives subsidy to bid-winning enterprises, and the bid-winning enterprises sell to the terminal customers at the price that the bid-winning enterprises according to the winning agreement supply price minus fiscal subsidy, that is theCompany’s promotion of efficient lighting products sale income is divided into two parts: income obtains from the payment of the terminal users and payment from the fiscal subsidy. Terminal users include bulk users and urban and rural resident users. Each efficient lighting product of bulk users, the Central Government gives subsidy according to30% of the winning agreement supply price, each efficient lighting product of urban and rural resident users, the Central Government gives subsidy according to50% of the winning agreement supply price. According to the stipulations of Announcement on the Related Issues of Vat of Central Government Subsidy issued by State Administration of Taxation and the interpretation of Announcement on the Related Issues of Vat of Central Government Subsidy issued by General Office of State Administration of Taxation, for the part obtained from Central Government Subsidy, in line with the new regulations of State Administration of Taxation, which do not belong to the VAT taxable income. Thus, the Company will record the 2013 fiscal subsidy for efficient lighting products into non-operating income excluding the payment of VAT.
64. Non-operating expenses
Unit: RMB Yuan
|||||
|-|-|-|-|
||||Included in the amount|
||||of the non-recurring|
|Item|Reporting period|Same period of last year||
||||gains and losses of the|
||||current period|
|Loss on disposal of non-current assets|109,843.02|908,276.06|109,843.02|
|Including: Loss on disposal of fixed assets|109,843.02|908,276.06|109,843.02|
|External donation|0.00|5,600,000.00||
|Others|5,612.46|4,192,162.77|5,612.46|
|Total|115,455.48|10,700,438.83|115,455.48|

 Note:
65. Income tax expense
Unit: RMB Yuan
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
||||
|-|-|-|
|Item|Reporting period|Same period of last year|
|Current income tax expense accounted by tax and relevant|||
||42,878,291.11|37,895,236.07|
|regulations|||
|Adjustment of income tax|-1,188,427.16|1,719,106.18|
|Total|41,689,863.95|39,614,342.25|

 66. Calculation procedure of basic earnings per share and diluted earnings per share
||||
|-|-|-|
|Item|Reporting period|Same period of last year|
|Basic EPS|0.1931|0.1564|
|Diluted EPS|0.1931|0.1564|

—The process of calculating return on equity weighted average is listed as followed:
|||||
|-|-|-|-|
|Item|No|2014|2013|
|Numerator||||
|Net profit attributable to the Company’s common||||
||1|188,959,139.45|153,047,291.37|
|shareholders||||
|Net profit attributable to the Parent Company’s||||
|common shareholders after deducting income tax|2||6,383,467.42|
|||19,734,912.82||
|influence||||
|Net profit attributable to the Company’s common||||
||3=1-2|169,224,226.63|146,663,823.95|
|shareholders after deducting income tax influence||||
|Denominator:||||
|Opening total number of shares|4|978,563,745.00|978,563,745.00|
|Shares increased by capital reserve converting to||||
||5|||
|shares or stock dividend distribution||||
|Shares increased by the issuance of new shares or||||
||6|||
|bonds converting to shares in the reporting period||||
|Months from next month of the issuance of new||||
|shares or bonds converting to shares increased to|7|||
|the end of reporting period||||
|Shares decreased by repurchase in the reporting||||
||8|||
|period||||
|Shares decreased by shrinking stock in the||||
||9|||
|reporting period||||
|Months from next month of shares decreased to||||
||10|||
|the end of reporting period||||
|Months in the reporting period|11|6|6|
|The weighted average of common shares||||
||12=4+5+6*7/11-8*10/11-9|978,563,745.00|978,563,745.00|
|outstanding||||
|Basic EPS(Net profit attributable to equity||||
||13=1/12|0.1931|0.1564|
|shareholders)||||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
|||||
|-|-|-|-|
|Basic EPS(Attributable to common shareholders,||||
|net profit after deducting non-recurring gains and|14=3/12|0.1729|0.1499|
|losses）||||

—The process of calculating diluted EPS
The process of calculating diluted EPS is the same as basic EPS.
67. Other comprehensive income
Unit: RMB Yuan
||||
|-|-|-|
|Item|Reporting period|Same period of last year|
|1. Profits/(losses) from available-for-sale financial assets|-2,825,612.16|-4,473,885.92|
|Less: Effects on income tax generating from available-for-sale|||
||-423,841.82|-671,082.88|
|financial assets|||
|Subtotal|-2,401,770.34|-3,802,803.04|
|Total|-2,401,770.34|-3,802,803.04|

 Note:
68. Notes of Cash Flow Statement
(1) Other cash received relevant to operating activities
Unit: RMB Yuan
|||
|-|-|
|Item|Amount|
|Interests on deposit|7,586,039.03|
|Scrap revenues|3,623,492.20|
|Property and rental income|862,652.72|
|Interest on deposits|389,010.50|
|Others|1,902,829.60|
|Total|14,364,024.05|

 Note:
(2) Other cash paid relevant to operating activities
Unit: RMB Yuan
|||
|-|-|
|Item|Amount|
|Transportation fees|28,771,464.91|
|Advertising fees|5,864,699.17|
|Audit fees, legal fees, appraisal fees, inspection fees|5,139,087.70|
|Office expenses|4,145,450.36|
|Spare parts, maintenances, and service charges|3,429,401.85|
|Margins|196,977.59|
|Travel expenses|2,619,111.61|
|Commissions|528,054.46|
|Energy-saving promotion fees|2,274,633.66|
|Street light project construction and maintenance fees|5,955,954.21|
|Land rent and management fees|2,938,578.35|
|Trademark fee and patent fee|2,753,625.50|
|Others|7,220,228.47|

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
|||
|-|-|
|合计|71,837,267.84|

 Note:
(3) Other cash received relevant to investment activities
Inapplicable
(4) Other cash paid relevant to investment activities
Inapplicable
(5) Other cash received relevant to financing activities
Unit: RMB Yuan
|||
|-|-|
|Item|Amount|
|Bank loan interest|2,452.04|
|Total|2,452.04|

 Note:
(6) Other cash paid relevant to financing activities
Unit: RMB Yuan
|||
|-|-|
|Item|Amount|
|Repay the bank loan|2,000,000.00|
|Pay the bank loan interest|34,300.00|
|Total|2,034,300.00|

 Note:
69. Supplemental information for Cash Flow Statement
(1) Supplemental information for Cash Flow Statement
Unit: RMB Yuan
||||
|-|-|-|
|Supplemental information|Reporting period|Same period of last year|
|1. Reconciliation of net profit to net cash flows generated|||
||--|--|
|from operations：|||
|Net profit|187,228,634.48|152,984,477.08|
|Add: Provision for assets impairments|3,473,194.22|17,853,921.20|
|Depreciation of fixed assets, oil-gas assets and productive|||
||40,950,477.19|43,344,540.90|
|biological assets|||
|Amortization of intangible assets|2,614,544.78|1,796,063.59|
|Losses/gains on disposal of property, intangible asset and|||
||-3,458.00|-15,475,353.96|
|other long-term assets (gains: negative)|||
|Losses/gains on scrapped of fixed assets (gains:|||
||109,843.02|908,276.06|
|negative)|||
|Losses/gains from variation of fair value (gains: negative)|-1,115,756.46|69,701.45|
|Financial cost (income: negative)|1,773,859.83|2,050,576.88|
|Investment loss (gains: negative)|-18,115,405.78|945,061.26|
|Decrease in deferred tax assets (increase: negative)|-131,496.78|4,134,202.52|
|Increase in deferred tax liabilities (decrease: negative)|-67,364,054.08|-65,284,386.64|
|Decrease in inventory (increase: negative)|-207,787,480.72|-243,976,257.07|
|Decrease in accounts receivable from operating activities|196,808,865.07|112,361,429.34|

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
||||
|-|-|-|
|(increase: negative)|||
|Net cash flows generated from operating activities|138,441,766.77|11,712,252.61|
|2. Significant investing and financing activities without|||
||--|--|
|involvement of cash receipts and payments|||
|3. Change of cash and cash equivalent:|--|--|
|Closing balance of Cash|861,415,714.44|736,404,066.66|
|Less: opening balance of cash|897,675,824.22|985,450,890.74|
|The net increase in cash and cash equivalents|-36,260,109.78|-249,046,824.08|

（2）Relevant information of acquisition or disposal of subsidiaries and other operation entities in the reporting period
Unit: RMB Yuan
||||
|-|-|-|
|Supplemental information|Reporting period|Same period of last year|
|I. Relevant information on acquisition of subsidiaries and|||
||--|--|
|other operation entities:|||
|Net cash paid from acquisition of subsidiaries and other|11,512,886.32||
|operation entities|||
|II. Relevant information on disposal of subsidiaries and|||
||--|--|
|other operation entities|||

（3）Composition of cash and cash equivalents
Unit: RMB Yuan
||||
|-|-|-|
|Item|Closing balance|Opening balance|
|I. Cash|861,415,714.44|897,675,824.22|
|Including: Cash on hand|21,062.42|11,528.77|
|Bank deposit on demand|839,077,570.16|720,577,207.59|
|Other monetary funds on demand|22,317,081.86|15,815,330.30|
|II. Closing balance of cash and cash equivalents|861,415,714.44|897,675,824.22|

 Note:
70. Notes to statement of changes inowners’ equity
Inapplicable
VIII. Accounting treatment of assets securitization business
1. Note to trading arrangement, accounting treatment and bankruptcy isolation terms of assets securitization business
Inapplicable
2. Particulars about the special purpose entity of the Company had no control but actually take the risk Inapplicable
IX. Related Parties and Related-party Transactions
1. Information of the parent company of the Company
Inapplicable
2. Information of subsidiaries of the Company
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|Full name|Type|Business|Registered|Legal|Business|Registered|Percentage|Percentage|Organizatio|

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|||type|place|representati|nature|capital (Ten|of|of voting|n code|
|||||ve||thousand|Shareholdin|right (%)||
|||||||Yuan)|g (%)|||
||||||Manufacturi|||||
||||||ng|||||
|Foshan|||||electronic|||||
|Chansheng|||64 Fenjiang||ballasts,|||||
||Controlled|Limited||||||||
|Electronic|||North Road,|Pan Jie|electronic|100|100.00%|100.00%|75207544-3|
||subsidiary|company||||||||
|Ballast Co.,|||Foshan||transformer|||||
|Ltd.|||||s and|||||
||||||electronic|||||
||||||triggers.|||||
||||||Preparations|||||
||||||, production|||||
||||||and|||||
||||||operation of|||||
||||||lamps,|||||
|Foshan|||Cangjiang||electric|||||
|Chanchang|||Industrial||light source|||||
|Electric|Controlled|Limited|Park,||products|||||
|||||Pan Jie||7278|70.00%|70.00%|77920377-5|
|Appliance|subsidiary|company|Gaoming||and|||||
|(Gaoming)|||District,||accessories,|||||
|Co., Ltd.|||Foshan||installation|||||
||||||and related|||||
||||||engineering|||||
||||||and|||||
||||||consulting|||||
||||||business.|||||
||||||Research,|||||
||||||developmen|||||
||||||t,|||||
||||||production|||||
|Foshan|||Cangjiang|||||||
||||||and sales of|||||
|Taimei|||Industrial|||||||
||||||lighting,|||||
|Times|Controlled|Limited|Park,|||||||
|||||Pan Jie|household|50|70.00%|70.00%|78203558-1|
|Lamps and|subsidiary|company|Gaoming|||||||
||||||appliances|||||
|Lanterns|||District,|||||||
||||||and|||||
|Co., Ltd.|||Foshan|||||||
||||||accessories|||||
||||||and other|||||
||||||lighting|||||
||||||products.|||||
|Foshan|||||R&D and|||||
||Controlled|Limited||||||||
|Electrical|||Foshan|Pan Jie|sale of|5000|100.00%|100.00%|68638090-8|
||subsidiary|company||||||||
|and|||||electric|||||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|Lighting|||||appliance,|||||
|Engineering|||||lighting and|||||
|Co., Ltd.|||||electromech|||||
||||||anical|||||
||||||products;|||||
||||||design,|||||
||||||construction|||||
||||||and|||||
||||||maintenanc|||||
||||||e of lighting|||||
||||||and|||||
||||||electromech|||||
||||||anical|||||
||||||projects;|||||
||||||design,|||||
||||||construction|||||
||||||and|||||
||||||technical|||||
||||||service of|||||
||||||intelligent|||||
||||||construction|||||
||||||projects;|||||
||||||investment,|||||
||||||design,|||||
||||||consulting|||||
||||||service,|||||
||||||construction|||||
||||||, service,|||||
||||||contractual|||||
||||||energy|||||
||||||managemen|||||
||||||t, technical|||||
||||||service and|||||
||||||assessment|||||
||||||of energy|||||
||||||saving|||||
||||||projects;|||||
||||||and|||||
||||||internationa|||||
||||||l trade|||||
|Nanjing|||||Production|||||
|Fozhao|Controlled|Limited|||of||||74539880-|
||||Nanjing|Pan Jie||4168.32|100.00%|100.00%||
|Lighting|subsidiary|company|||energy-savi||||X|
|Component|||||ng lighting|||||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|s|||||products,|||||
|Manufacturi|||||lamps and|||||
|ng Co., Ltd.|||||lighting|||||
||||||equipments;|||||
||||||lighting|||||
||||||projects;|||||
||||||energy-savi|||||
||||||ng|||||
||||||technology|||||
||||||developmen|||||
||||||t and|||||
||||||production|||||
||||||of relevant|||||
||||||fittings; sale|||||
||||||of|||||
||||||self-produce|||||
||||||d products|||||
||||||Production|||||
||||||and sale of|||||
||||||equipments|||||
||||||and|||||
||||||products of|||||
||||||electric|||||
||||||light source;|||||
||||||and sale of|||||
|FSL||||||||||
||||||components|||||
|(Xinxiang)|Controlled|Limited||||||||
||||Xinxiang|Pan Jie|of electric|3541.84|100.00%|100.00%|68818685-0|
|Lighting|subsidiary|company||||||||
||||||light source,|||||
|Co., Ltd.||||||||||
||||||related|||||
||||||materials,|||||
||||||electrical|||||
||||||materials,|||||
||||||automobile|||||
||||||components|||||
||||||, lamps and|||||
||||||fittings|||||
||||||Financing|||||
||||||lease, lease,|||||
|Guangdong||||||||||
||||||lease|||||
|Fozhao||||||||||
||Controlled|Limited|||consulting|||||
|Financing|||Foshan|Pan Jie||20000|100.00%|100.00%|57641298-0|
||subsidiary|company|||and|||||
|Lease Co.,||||||||||
||||||guaranty,|||||
|Ltd.||||||||||
||||||financing|||||
||||||lease|||||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
||||||service for|||||
||||||new-energy|||||
||||||automobiles|||||
||||||& main|||||
||||||components|||||
||||||,|||||
||||||energy-savi|||||
||||||ng lighting|||||
||||||products &|||||
||||||projects|||||
||||||R&D and|||||
||||||production|||||
||||||of electric|||||
||||||light source|||||
||||||products,|||||
||||||equipment,|||||
||||||fittings,|||||
||||||electrical|||||
||||||materials,|||||
||||||automobile|||||
||||||components|||||
||||||, home|||||
||||||appliances,|||||
|FSL|||||socket|||||
|Lighting|||||outlets,|||||
||Controlled|Limited||Liu||||||
|Equipment|||Foshan||power|1500|100.00%|100.00%|06851850-0|
||subsidiary|company||Xingming||||||
|Co., Ltd.|||||switches,|||||
||||||fire-protecti|||||
||||||on products,|||||
||||||ventilation|||||
||||||equipment,|||||
||||||LED|||||
||||||products,|||||
||||||etc.;|||||
||||||domestic|||||
||||||trade,|||||
||||||import and|||||
||||||export of|||||
||||||technology|||||
||||||and goods|||||
|Suzhou|||||Licensing|||||
||Controlled|Limited||Zhang||||||
|Mont|||Suzhou||operating|2363.49|50.50%|50.50%|69938969-6|
||subsidiary|company||Yingchun||||||
|Lighting|||||project:|||||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
|||||
|-|-|-|-|
|Co.,|Ltd|.|naught|
||||General|
||||operating|
||||project:|
||||Developme|
||||nt,|
||||production:|
||||and sales|
||||Semiconduc|
||||tor lighting|
||||appliances,|
||||the drive|
||||circuit and|
||||control|
||||system|
||||software|
||||and|
||||hardware:|
||||system|
||||(Production|
||||only for|
||||branch|
||||business)|
||||Lighting|
||||engineering|
||||design and|
||||installation;|
||||engaged in|
||||the import|
||||and export|
||||of|
||||semiconduc|
||||tor lighting|
||||appliances,|
||||the drive|
||||circuit and|
||||control|
||||system|
||||software|
||||and|
||||hardware:|
||||system|

3. Information of joint ventures and associated enterprises
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|Name of|Business|Registered|Legal|Business|Registered|Currency|Percentage|Relationshi|Organizatio|

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|investee|type|address|representati|nature|capital||of|p|n code|
||||ve||(RMB ten||shareholdin|||
||||||thousand||g (%)|||
||||||Yuan)|||||
|I. Joint ventures||||||||||
|II. Associated enterprises||||||||||
|||||Comprehen||||||
|Qinghai||||||||||
|||||sive develo||||||
|FSL||||||||||
|||||pment and||||||
|Lithium|Limited||Zhong|||||Share||
|||Qinghai||utilization|10,000|38.00%|38.00%||69918800-2|
|Energy|company||Xincai|||||company||
|||||of salt lake||||||
|Exploitation||||||||||
|||||resources||||||
|Co., Ltd.||||||||||

4. Information of other related parties of the Company
||||
|-|-|-|
|Name of other related party|Relationship|Organization code|
|Prosperity (Hangzhou) Lighting and|||
||Associated natural control of the Company|74203276-5|
|Electrical Co., Ltd.|||
|Hangzhou Times Lighting and Electrical|||
||Associated natural control of the Company|67918465-0|
|Co., Ltd.|||
|Prosperity Electrical (China) Co., Ltd.|Associated natural control of the Company|60136020-4|
|Prosperity Lamps & Components Limited|Holding 5% or more shares of shareholder|250727|
|Prosperity (Xinxiang) Electro-Optical|||
||Associated natural control of the Company|76946523-7|
|Machinery Co., Ltd|||
|Prosperity (Xinxiang) Lighting Machinery|||
||Associated natural control of the Company|68568572-6|
|Co., Ltd.|||
|Prosperity Lewanli (Hangzhou) Metal|Holding 5% or more shares of a legal||
|||79969289-5|
|Products Co., Ltd.|person acting in concert||
|Jinzhou Youxin Electronic Materials Co.,|Related natural person as a director of the||
|||76540062-0|
|Ltd.|Company||
||Holding 5% or more shares of a legal||
|Fuyu Industrial Co., Ltd.||220562|
||person acting in concert||
||Holding 5% or more shares of a legal||
|Gengduoliang Lighting Co., Ltd.||293573|
||person acting in concert||
|Jinzhou Changhua Carbon Products Co.,|Related natural person as a director of the||
|||78878801-5|
|Ltd.|Company||
||Related natural person as a director of the||
|Prosperity Nanlong Co., Ltd.||561342|
||Company||
||Related natural person as a director of the||
|Nanlong Investment Co., Ltd.||147431|
||Company||
||Related natural person as a director of the||
|Xiangguang Appliance Co., Ltd.||6585123|
||Company||
||Holding 5% or more shares of a legal||
|OSRAM Holdings Limited||909380|
||person||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
||||
|-|-|-|
||Holding 5% or more shares of a legal||
|OSRAM (China) Lighting Co., Ltd.||61763873-3|
||person acting in concert||
||Holding 5% or more shares of a legal||
|OSRAM (Hong Kong) Co., Ltd.||1098945|
||person acting in concert||
||Holding 5% or more shares of a legal||
|OSRAM (Asia-Pacific) Co., Ltd.||1022109|
||person acting in concert||
||Related natural person as a director of the||
|OSRAM (Youchang) Co., Ltd.||530385|
||Company||
||Related natural person as a director of the||
|Guangzhou Zhongde Electronic Co., Ltd.||61878662-3|
||Company||
||Related natural person as a director of the||
|OSRAM Electronic Co., Ltd.||408480|
||Company||
||Related natural person as a director of the||
|OSRAM (Taiwan) Inc.||23060514|
||Company||
|Prosperity Xiteke Lighting (Langfang) Co.,|Company affected by related natural||
|||75752065-7|
|Ltd.|person||
|OSRAM Opto Semiconductor (China) Co.,|Related natural person as a director of the||
|||05524191-X|
|Ltd.|Company||
||Related natural person as a director of the||
|OSRAM Opto Semiconductors Asia Ltd.||1161648|
||Company||
|OSRAM (China) Fluorescent Materials|Company affected by related natural||
|Co.,Ltd.|person||
||Holding 5% or more shares of a legal||
|OSRAM Australia pty.,Ltd||ACN 050 103 181|
||person acting in concert||
||Related natural person as a director of the||
|OSRAM India Pvt.Ltd||U31501HR1993PTC034712|
||Company||
||Related natural person as a director of the||
|OSRAM Korea Co Ltd||110111-0546072|
||Company||
||Related natural person as a director of the||
|OSRAM Malaysia Sdn.Bhd||491867-X|
||Company||
||Related natural person as a director of the||
|Osram Thailand Co Ltd||1.05537E+11|
||Company||
|Osram Opto Semiconductors(Malaysia)|Related natural person as a director of the||
|||11935-P|
|Sdn Bhd|Company||
||Related natural person as a director of the||
|Siteco Lighting(Malaysia) Sdn Bhd||315345-A|
||Company||
||Related natural person as a director of the||
|Osram Pte Ltd||198900394M|
||Company||
||Holding 5% or more shares of a legal||
|Prosperity Electric Corporation||49296|
||person acting in concert||
||Holding 5% or more shares of a legal||
|Leigh Company Ltd||58986|
||person acting in concert||
|Shanghai Beiyi Lighting Equipment Co.,|Company affected by related natural||
|||74959758-2|
|Ltd.|person||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
||||
|-|-|-|
|Shanghai Haiyue Screen Co., Ltd.|Associated natural control of the Company|75318366-5|
|Shanghai Zhuowang International Trade|||
||Associated natural control of the Company|69878181-3|
|Co., Ltd.|||
|Shenyang Zhongzhou Shenghua Financial|||
||Associated natural control of the Company|78874823-2|
|Management Ltd.|||
||Related natural person as high executive||
|Liaoning Huize CPA Limited||24333962-3|
||director of the Company||

5. Related-party transactions
(1) Purchase of goods and acceptance of service
Unit: RMB Yuan
||||||||
|-|-|-|-|-|-|-|
|||Pricing method|Reporting period||Same period of last year||
|||and|||||
||Content of the||||||
|Related party||decision-making||Proportio||Proportio|
||transaction||Amount||Amount||
|||procedures for the||n (%)||n (%)|
|||transaction|||||
|Hangzhou Times|||||||
|Lighting and|Purchase of materials|Market price|1,480,293.13|0.15%|6,495.72|0.00%|
|Electrical Co., Ltd.|||||||
|Prosperity Electrical|||||||
||Purchase of materials|Market price|14,287,405.97|1.49%|14,826,972.16|1.43%|
|(China) Co., Ltd.|||||||
|Prosperity Lamps &|||||||
||Purchase of materials|Market price|1,775,250.56|0.19%|2,124,394.74|0.20%|
|Components Limited|||||||
|OSRAM (China)|||||||
||Purchase of materials|Market price|0.00||62,400.00|0.01%|
|Lighting Co., Ltd.|||||||
|Prosperity|||||||
|(Xinxiang)|||||||
||Purchase of materials|Market price|0.00||29,709.50|0.00%|
|Electro-Optical|||||||
|Machinery Co., Ltd.|||||||
|Prosperity|||||||
|XitekeLighting|Purchase of materials|Market price|0.00||1,352,030.73|0.13%|
|(Langfang) Co., Ltd.|||||||
|Prosperity Lamps &|Purchase of||||||
|||Market price|0.00||1,340,388.53|3.44%|
|Components Limited|equipments||||||
|Prosperity|||||||
||Purchase of||||||
|(Xinxiang) Lighting||Market price|0.00||720,598.29|1.85%|
||equipments||||||
|Machinery Co., Ltd|||||||
|Total|||17,542,949.66|1.83%|20,462,989.67|7.06%|

 Sales of goods and rendering of service
Unit: RMB Yuan
||||||||
|-|-|-|-|-|-|-|
|||Pricing method|Reporting period||Same period of last year||
|||and|||||
||Content of the||||||
|Related party||decision-making||Proportio||Proportio|
||transaction||Amount||Amount||
|||procedures for the||n (%)||n (%)|
|||transaction|||||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
||||||||
|-|-|-|-|-|-|-|
|Prosperity|||||||
|(Hangzhou) Lighting|||||||
||Sales of products|Market price|3,687,779.13|0.24%|2,511,662.66|0.15%|
|and Electrical Co.,|||||||
|Ltd.|||||||
|Hangzhou Times|||||||
|Lighting and|Sales of products|Market price|2,448.72|0.00%|||
|Electrical Co., Ltd.|||||||
|Prosperity Electrical|||||||
||Sales of products|Market price|245,382.68|0.02%|507,807.33|0.03%|
|(China) Co., Ltd.|||||||
|Prosperity Lamps &|||||||
||Sales of products|Market price|19,860,345.46|1.30%|23,298,724.88|1.44%|
|Components Limited|||||||
|OSRAM (China)|||||||
||Sales of products|Market price|4,663,440.83|0.31%|5,577,548.29|0.34%|
|Lighting Co., Ltd.|||||||
|OSRAM|||||||
|(Asia-Pacific) Co.,|Sales of products|Market price|18,160,268.95|1.19%|13,026.17|0.00%|
|Ltd.|||||||
|Total|||46,661,380.83|3.06%|31,908,769.33|1.96%|

 (2) Information of related party trust/contract
The company trust management/contract
Inapplicable
The company entrust management/ contracted
Inapplicable
Information of related party trust/contract
Inapplicable
(3) Information of related-party lease
The Company lease
Inapplicable
The Company lessee
Inapplicable
Information of related-party lease
Inapplicable
(4) Information of related-party guarantee
Inapplicable
(5) Related-party call loan
Inapplicable
(6) Information about assets transfer, debt reorganization of related parties
Inapplicable
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. (7) Other related-party transaction
Naught
6. Amounts due from/to related parties
Amount due from related parties
Unit: RMB Yuan
|||||||
|-|-|-|-|-|-|
|||Closing balance||Opening balance||
|Name|Related party||Provision for bad||Provision for bad|
|||Book balance||Book balance||
||||debts||debts|
||Prosperity|||||
||(Hangzhou) Lighting|||||
|Accounts receivable||1,759,816.13|105,588.97|2,100,275.77|126,016.55|
||and Electrical Co.,|||||
||Ltd.|||||
||Prosperity Electrical|||||
|Accounts receivable||560,216.47|33,612.99|561,151.46|33,669.09|
||(China) Co., Ltd.|||||
||OSRAM (China)|||||
|Accounts receivable||4,399,450.55|263,967.03|3,090,949.47|185,456.97|
||Lighting Co., Ltd.|||||
||Prosperity Lighting|||||
|Accounts receivable||7,167,204.39|430,032.26|9,415,621.92|564,937.32|
||Equipment Co., Ltd.|||||
||OSRAM|||||
|Accounts receivable|(Asia-Pacific) Co.,|12,500,123.26|750,007.40|5,261,448.50|315,686.91|
||Ltd.|||||
|Total||26,386,810.80|1,583,208.65|20,429,447.12|1,225,766.84|

 Amount due to related parties
Unit: RMB Yuan
|||||
|-|-|-|-|
|Name|Related party|Closing balance|Opening balance|
||Prosperity Lighting|||
|Accounts payable||1,700,721.98|573,328.59|
||Equipment Co., Ltd.|||
||Prosperity Electrical (China)|||
|Accounts payable||2,670,865.59|1,649,840.46|
||Co., Ltd|||
||Hangzhou Times Lighting|||
|Accounts payable||904,000.53|9,830.77|
||and Electrical Co., Ltd.|||
||Prosperity(Xingxiang)|||
|Other amounts payable||7,400.00|7,400.00|
||Lighting Machinery Co., Ltd|||
|Total||5,282,988.10|2,240,399.82|

 (X) Share-based Payment
1. Overview of share-based payment
Inapplicable
2. Information of equity-settled share-based payment
Inapplicable
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. 3. Information of cash-settled share-based payment
Inapplicable
4. Information of share-based payment service
Inapplicable
5. Modification, termination of share-based payment
Inapplicable
XI. Contingencies
1. Contingent liability and financial impacts caused by pending action or arbitration
Inapplicable
2. Contingent liability and financial impacts caused by provision of guarantee for other company
Inapplicable
XII. Commitments
1. Significant commitments
Inapplicable
2. Fulfillment of the previous commitments
Inapplicable
XIII. Events after the balance sheet date
1. Significant events after the balance sheet date
Inapplicable
2. List of profits distribution events after the balance sheet date
Inapplicable
3. Other assets and liabilities events after the balance sheet date
On 15 Aug. 2014, the Company and Guangzhou Finance Holdings Group Co., Ltd. signed<The Equity TransactionContract>, according to which Guangzhou Finance Holdings Group Co., Ltd. agreed to acquire the15.38% stake of Guangzhou Pearl River Asset Management Co., Ltd. held by the Company at the price of RMB 8.52 million. Upon completion of this equity transaction, the Company no longer holds any equity in Guangzhou Pearl River Asset Management Co., Ltd.
XIV. Other significant events
1. Non-monetary assets exchange
Inapplicable
2. Debt restructuring
Inapplicable
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. 3. Business combination
Inapplicable
4. Leasing
Inapplicable
5. Financial instruments which is outstanding and can be converted into shares at the period-end Inapplicable
6. Fair value of assets and liabilities
Unit: RMB Yuan
|||||||
|-|-|-|-|-|-|
||||Included in the rig|||
|||Gains and losses of|hts and interests o|Provision for||
|Item|Opening amount|fair value in this|f the cumulative c|impairment in this|Closing amount|
|||period|hanges in the fair|period||
||||value|||
|Financial assets||||||
|1.Financial assets||||||
|recognized into current||||||
|gains and losses by||||||
||3,903,197.90|-2,905,045.90|||998,152.00|
|calculated in fair value||||||
|(excluded derivative||||||
|financial assets)||||||
|2. Available-for-sale||||||
||62,634,402.88||-2,825,612.16||59,808,790.72|
|financial assets||||||
|Subtotal of financial||||||
||66,537,600.78|-2,905,045.90|-2,825,612.16||60,806,942.72|
|assets||||||
|Subtotal|66,537,600.78|-2,905,045.90|-2,825,612.16||60,806,942.72|
|Financial liabilities|0.00||||0.00|

 6. Foreign financial assets and liabilities
Inapplicable
7. Main content of pension plans and significant changes
Inapplicable
9. Other
The Company withholding equity incentive fund 10 million according to the actual performance of first half. (XV) Notes of main items in the financial statements of the parent Company
1. Accounts receivable
(1) Accounts receivable
Unit: RMB Yuan
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
||||||||||
|-|-|-|-|-|-|-|-|-|
||Closing balance||||Opening balance||||
||Book balance||Provision for bad debts||Book balance||Provision for bad debts||
|Category|||||||||
|||Proporti||Proporti||Proporti||Proporti|
||Amount||Amount||Amount||Amount||
|||on (%)||on (%)||on (%)||on (%)|
|Accounts receivable for which bad debt provisions are made on the group basis|||||||||
|Ordinary business group|538,177,953.97|94.86%|32,290,677.24|6.00%|405,953,943.93|89.68%|24,357,236.63|6.00%|
|Internal business group|29,190,203.40|5.14%|||46,733,574.79|10.32%|||
|||100.00||||100.00|||
|Subtotal of the groups|567,368,157.37||32,290,677.24|5.69%|452,687,518.72||24,357,236.63|5.38%|
|||%||||%|||
|Total|567,368,157.37|--|32,290,677.24|--|452,687,518.72|--|24,357,236.63|--|

 Note:
Accounts receivable with significant single amount and individually withdrawn bad debt provision at period end□Applicable√Inapplicable
In the groups, accounts receivable adopting aging analysis method to withdraw bad debt provision:
√ Applicable□ Inapplicable
Unit: RMB Yuan
||||||||
|-|-|-|-|-|-|-|
||Closing balance|||Opening balance|||
||Book balance|||Book balance|||
|Aging|||Provision for bad|||Provision for bad|
|||Proporti|||Proporti||
||Amount||debts|Amount||debts|
|||on (%)|||on (%)||
|Within 1 year|||||||
|Including:|--|--|--|--|--|--|
|Within 1 year|501,274,330.30|93.14%|30,076,459.82|392,366,020.60|96.65%|23,541,961.24|
|Subtotal of|||||||
||501,274,330.30|93.14%|30,076,459.82|392,366,020.60|96.65%|23,541,961.24|
|within 1 year|||||||
|1-2 years|29,112,365.19|5.41%|1,746,741.91|8,237,973.75|2.03%|494,278.42|
|2-3 years|5,582,578.93|1.04%|334,954.74|4,757,260.70|1.17%|285,435.64|
|Over 3 years|2,208,679.55|0.41%|132,520.77|592,688.88|0.15%|35,561.33|
|Total|538,177,953.97|--|32,290,677.24|405,953,943.93|--|24,357,236.63|

 In the groups, accounts receivable adopting balance percentage method to withdraw bad debt provision:
□ Applicable√ Inapplicable
In the groups, accounts receivable adopting other methods to withdraw bad debt provision:
√Applicable□ Inapplicable
Unit: RMB Yuan
||||
|-|-|-|
|Group name|Book balance|Provision for bad debts|
|Internal business group|29,190,203.40|0.00|

Accounts receivable with insignificant single amount but independently withdrawn bad debts provision
□ Applicable√ Inapplicable
(2) Information of accounts receivable reversed or recovered in the reporting period
Inapplicable
(3) Information of accounts receivable that written off in the reporting period
Inapplicable
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. (4)Information of shareholders with more than5% (including5%) of the voting shares of the Company in accounts receivable in reporting period
||||||
|-|-|-|-|-|
||Closing amount||Opening amount||
|Name of entity|||||
||Book balance|Bad debt provision|Book balance|Bad debt provision|
|Prosperity Lamps and|||||
|Components|7,167,204.39|430,032.26|9,415,621.92|564,937.32|

 (5) Nature or content of other accounts receivable with significant amount
Inapplicable
(6) Top five accounts receivable
Unit: RMB Yuan
||||||
|-|-|-|-|-|
|Name of company|Relationship|Amount|Term|Proportion (%)|
|** COMPANY|Non-related party|131,228,034.00|Within one year|23.13%|
|OSRAM ** Co., Ltd.|Related party|12,500,123.26|Within one year|2.20%|
|Henan ** Electrical &|||||
||Non-related party|10,157,994.86|Within one year|1.79%|
|Lighting Co., Ltd.|||||
|Dongguan ** Energy|||||
|Saving Technology|Non-related party|10,141,248.99|Within one year|1.79%|
|Co. , Ltd.|||||
|Changzhou ** Electrical|||||
||Non-related party|9,659,461.93|Within one year|1.70%|
|& Lighting Co., Ltd.|||||
|Total|--|173,686,863.04|--|30.61%|

（7）Accounts receivable due to the related parties
Unit: RMB Yuan
|||||
|-|-|-|-|
||||Occupancy rate of the total|
|Name of company|Relationship with the Company|Amount|amount of accounts receivable|
||||(%)|
|OSRAM (Asia-Pacific) Co.,|Holding 5% or more shares of a|||
|||12,500,123.26|2.20%|
|Ltd.|legal person acting in concert|||
|Prosperity Lighting|Holding 5% or more shares of|||
|||7,167,204.39|1.26%|
|Equipment Co., Ltd.|shareholders|||
|OSRAM (China) Lighting|Holding 5% or more shares of a|||
|||4,399,450.55|0.78%|
|Co., Ltd.|legal person acting in concert|||
|Prosperity (Hangzhou)||||
||Company controlled by related|||
|Lighting and Electrical Co.,||1,460,141.13|0.26%|
||nature person|||
|Ltd.||||
|Prosperity Electrical (China)|Company controlled by related|||
|||287,097.70|0.05%|
|Co., Ltd.|nature person|||
|Total|--|25,814,017.03|4.55%|

(8)
RMB0.00 was transferred from the accounts receivable not meeting the conditions of termination recognition.
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. (9) If securitization is carried out on accounts receivable as the underlying asset, please brief on the arrangement of relevant transactions.
Inapplicable
2. Other accounts receivable
(1) Other accounts receivable
Unit: RMB Yuan
||||||||||
|-|-|-|-|-|-|-|-|-|
||Closing balance||||Opening balance||||
||||Provision for bad||||Provision for bad||
||Book balance||||Book balance||||
||||debts||||debts||
|Category|||||||||
|||||Propor||||Propo|
|||Proporti||||Proporti|||
||Amount||Amount|tion|Amount||Amount|rtion|
|||on (%)||||on (%)|||
|||||(%)||||(%)|
|Other accounts receivable for which bad debt provisions are made on the group basis|||||||||
|Ordinary business group|15,454,749.26|19.53%|927,284.96|6.00%|22,650,649.31|31.04%|1,359,038.95|6.00%|
|Internal business group|63,696,328.31|80.47%|||50,320,743.77|68.96%|||
|||100.00|||||||
|Subtotal of the groups|79,151,077.57||927,284.96|1.17%|72,971,393.08|100.00%|1,359,038.95|1.86%|
|||%|||||||
|Total|79,151,077.57|--|927,284.96|--|72,971,393.08|--|1,359,038.95|--|

 Note:
Other accounts receivable with insignificant single amount but independently withdrawn bad debts provision at period-end
□ Applicable√ Inapplicable
In the group, other accounts receivable withdrawn bad debt provision by adopting aging analysis
√Applicable□ Inapplicable
Unit: RMB Yuan
||||||||
|-|-|-|-|-|-|-|
||Closing balance|||Opening balance|||
||Book balance|||Book balance|||
|Age|||||||
|||Proporti|Bad debt provision||Proporti|Bad debt provision|
||Amount|||Amount|||
|||on (%)|||on (%)||
|Within 1 year|||||||
|Including:|--|--|--|--|--|--|
|Within 1 year|14,082,906.14|91.12%|844,974.37|21,660,380.27|95.63%|1,299,622.82|
|Subtotal within|||||||
||14,082,906.14|91.12%|844,974.37|21,660,380.27|95.63%|1,299,622.82|
|1 year|||||||
|1-2 years|588,664.48|3.81%|35,319.87|114,694.08|0.50%|6,881.63|
|2-3 years|486,901.11|3.15%|29,214.07|486,435.49|2.15%|29,186.13|
|Over 3 years|296,277.53|1.92%|17,776.65|389,139.47|1.72%|23,348.37|
|Total|15,454,749.26|--|927,284.96|22,650,649.31|--|1,359,038.95|

 In the group, the other accounts receivable using balance percentage method for withdrawing provisions for bad debt:
√Applicable□Inapplicable
In the group, the accounts receivable were using other methods for withdrawing provisions for bad debt:
√Applicable□Inapplicable
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. Unit: RMB Yuan
||||
|-|-|-|
|Name of group|Book balance|Bad debt provision|
|Internal business group|63,696,328.31|0.00|

Other accounts receivable with insignificant single amount but individually withdrawn bad debt provision at period-end
√Applicable□Inapplicable
(2) Information of other accounts receivable reversed or recovered in the reporting period
Inapplicable
(3) Information of the write-off other accounts receivable
Inapplicable
(4) The other accounts receivable due from shareholders with more than5% (including5%) of the voting shares of the Company in the reporting period
Inapplicable
(5) Nature or content of other accounts receivable with significant amount
Inapplicable
(6) Top five other accounts receivable
Unit: RMB Yuan
||||||
|-|-|-|-|-|
|Name of company|Relationship|Amount|Term|Proportion (%)|
|Foshan Zhaoming|||||
|Lighting Equipment Co.,|Related party|35,242,769.62|Within 1 year|44.53%|
|Ltd.|||||
|Foshan Chansheng|||||
|Electronic Ballast Co.,|Related party|13,172,941.57|Within 1year|16.64%|
|Ltd.|||||
|Export rebates|Non-related party|9,115,730.34|Within 1 year|11.52%|
|Nanjing Fozhao Lighting|||||
|Equipment|Related party|7,975,574.57|2 to 3 years|10.08%|
|Manufacturing Co., Ltd.|||||
|Foshan Electrical &|||||
|Lighting (Xinxiang) Co.,|Related party|3,311,957.24|Within 1 year|4.18%|
|Ltd.|||||
|Total|--|68,818,973.34|--|86.95%|

 (7) Other account receivable due from related parties
Unit: RMB Yuan
|||||
|-|-|-|-|
|Name of company|Relationship|Amount|Proportion (%)|
|Foshan Zhaoming Lighting||||
||Controlling subsidiary|35,242,769.62|44.53%|
|Equipment Co., Ltd.||||
|Foshan Chansheng Electronic||||
||Controlling subsidiary|13,172,941.57|16.64%|
|Ballast Co., Ltd.||||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
|||||
|-|-|-|-|
|Nanjing Fozhao Lighting||||
|Equipment Manufacturing|Controlling subsidiary|7,975,574.57|10.08%|
|Co., Ltd.||||
|Foshan Electrical & Lighting||||
||Controlling subsidiary|3,311,957.24|4.18%|
|(Xinxiang) Co., Ltd.||||
|Foshan Chanchang Electric||||
|Appliances (Gaoming) Co.,|Controlling subsidiary|1,990,296.99|2.51%|
|Ltd.||||
|Foshan Taimei Times Lamps||||
||Controlling subsidiary|1,515,922.49|1.92%|
|Co., Ltd.||||
|Foshan Lighting Lamps and||||
||Controlling subsidiary|383,544.92|0.48%|
|Lanterns Co., Ltd.||||
|Foshan Electrical and||||
|Lighting Engineering Co.,|Controlling subsidiary|101,882.30|0.13%|
|Ltd.||||
|Foshan Electrical & Lighting||||
||Controlling subsidiary|1,438.61|0.00%|
|(Xinxiang) Co., Ltd.||||
|Total|--|63,696,328.31|80.47%|

 (8)
RMB 000 was transferred from the other accounts receivable not meeting the conditions of termination
recognition.
(9) If securitization is carried out on accounts receivable as the underlying asset, please brief on the arrangement of relevant transactions.
Inapplicable
3. Long-term equity investments
Unit: RMB Yuan
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
||||Openingnbalance|||||Explanati||||
|||||||||ons on||||
|||||||||||Withdraw||
|||||||||difference||||
|||||||||||al amount||
|||||||||s between||||
|||||||||||of|Cash|
|||||||Sharehold|Voting|sharehold|Provision|||
||Accounti|Initial||||||||impairme|bonus in|
|The||||Increase/|Closing|ing|right|ing|for|||
||ng|investme||||||||nt|the|
|investee||||decrease|balance|Proportio|Proportio|proportio|impairme|||
||method|t cost||||||||provision|reporting|
|||||||n|n|n and|nt loss|||
|||||||||||in the|period|
|||||||||voting||||
|||||||||||reporting||
|||||||||right||||
|||||||||||period||
|||||||||proportio||||
|||||||||n||||
|Foshan||||||||||||
||Cost|2,744,50|0 2,744,500||2,744,500|||||||
|Chanshen||||||100.00%|100.00%|In accord||||
||method|.0|0 .00||.00|||||||
|g||||||||||||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
||||||||||
|-|-|-|-|-|-|-|-|-|
|Electroni|||||||||
|c Ballast|||||||||
|Co., Ltd.|||||||||
|Foshan|||||||||
|Chanchan|||||||||
|g Electric|||||||||
|Applianc|Cost|42,000,00|42,000,00|42,000,00|||||
||||||70.00%|70.00%|In accord||
|e|method|0.00|0.00|0.00|||||
|(Gaoming|||||||||
|) Co.,|||||||||
|Ltd.|||||||||
|Foshan|||||||||
|Taimei|||||||||
|Times|||||||||
||Cost|350,000.0|350,000.0|350,000.0||||4,888,04|
|Lamps|||||70.00%|70.00%|In accord||
||method|0|0|0||||4.88|
|and|||||||||
|Lanterns|||||||||
|Co., Ltd.|||||||||
|Nanjing|||||||||
|Fozhao|||||||||
|Lighting|||||||||
|Equipm|Cost|72,000,00|72,000,00|72,000,00|||||
||||||100.00%|100.00%|In accord||
|ent|method|0.00|0.00|0.00|||||
|Manufac|||||||||
|turing|||||||||
|Co., Ltd.|||||||||
|Foshan|||||||||
|Electrical|||||||||
|&|||||||||
||Cost|35,418,43|35,418,43|35,418,43|||||
|Lighting|||||100.00%|100.00%|In accord||
||method|9.76|9.76|9.76|||||
|(Xinxiang|||||||||
|) Co.,|||||||||
|Ltd.|||||||||
|Foshan|||||||||
|Lighting|||||||||
|Lamps|Cost|50,077,00|50,077,00|50,077,00|||||
||||||100.00%|100.00%|In accord||
|and|method|0.00|0.00|0.00|||||
|Lanterns|||||||||
|Co., Ltd.|||||||||
|Guangdo|||||||||
|ng|||||||||
||Cost|200,000,0|200,000,0|200,000,0|||||
|Fozhao|||||100.00%|100.00%|In accord||
||method|00.00|00.00|00.00|||||
|Financial|||||||||
|Leasing|||||||||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
|Co., Ltd.|||||||||||
|Guangdo|||||||||||
|ng|||||||||||
|Fozhao|||||||||||
|New|||||||||||
|||Cost|15,000,00|15,000,00||15,000,00|||||
|Light|||||||100.00%|100.00%|In accord||
|||method|0.00|0.00||0.00|||||
|Sources|||||||||||
|Technolo|||||||||||
|gy Co.,|||||||||||
|Ltd.|||||||||||
|Suzhou|||||||||||
|||Cost|24,360,00||24,360,00|24,360,00|||||
|Mont||||0.00|||50.50%|50.50%|In accord||
|||method|0.00||0.00|0.00|||||
|Lighting|||||||||||
|Co.,|Ltd,||||||||||
|Qinghai|||||||||||
|FSL|||||||||||
|Lithium|||||||||||
|||Equity|38,000,00|12,807,64|-2,595,52|10,212,11|||||
|Energy|||||||38.00%|38.00%|In accord||
|||method|0.00|2.03|3.09|8.94|||||
|Exploitati|||||||||||
|on Co.,|||||||||||
|Ltd.|||||||||||
|Guangdo|||||||||||
|ng|||||||||||
|Fozhao|||||||||||
|||Equity|12,600,00|5,395,449|-5,395,44||||||
|Guoxuan||||||0.00|||In accord||
|||method|0.00|.79|9.79||||||
|Power|||||||||||
|Energy|||||||||||
|Co., Ltd.|||||||||||
|Guangzh|||||||||||
|ou|||||||||||
|Zhujiang|||||||||||
|Asset||Cost|10,000,00|10,000,00||10,000,00||||3,298,904|
||||||||15.38%|15.38%|In accord||
|Managem||method|0.00|0.00||0.00||||.81|
|ent|||||||||||
|Company|||||||||||
|Limited|||||||||||
|Shenzhen|||||||||||
|Zhonghao||Cost|5,850,000|5,850,000||5,850,000|Less than|Less than||5,850,000|
||||||||||In accord||
|(Group)||method|.00|.00||.00|5.00%|5.00%||.00|
|Ltd.|||||||||||
|Chengdu|||||||||||
|||Cost|6,000,000|6,000,000||6,000,000|||||
|Hongbo|||||||6.94%|6.94%|In accord||
|||method|.00|.00||.00|||||
|Industrial|||||||||||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
|Co., Ltd.|||||||||||
|Xiamen|||||||||||
||Cost|208,574,2|292,574,1||292,574,1||||||
|Bank Co.,||||||7.99%|7.99%|In accord|||
||method|17.00|33.00||33.00||||||
|Ltd.|||||||||||
|China|||||||||||
|Guangfa|Cost|500,000.0|500,000.0||500,000.0|Less than|Less than||||
|||||||||In accord|||
|Bank Co.,|method|0|0||0|5.00%|5.00%||||
|Ltd.|||||||||||
|Foshan|||||||||||
|Fochen|||||||||||
|Highway|Cost|20,757,60|8,175,627|-499,999.|7,675,627||||||
|||||||7.66%|7.66%|In accord|||
|Develop|method|0.00|.38|98|.40||||||
|ment Co.,|||||||||||
|Ltd.|||||||||||
|Hefei|||||||||||
|Guoxuan|||||||||||
|Hi-Tech|Cost|160,000,0|160,000,0||160,000,0||||||
|||||||14.84%|14.84%|In accord|||
|Power|method|00.00|00.00||00.00||||||
|Energy|||||||||||
|AG|||||||||||
|||904,231,7|918,892,7|15,869,02|934,761,8||||9,148,904|4,888,044|
|Total|--|||||--|--|--|||
|||56.76|91.96|7.14|19.10||||.81|.88|

 Notes to the long-term equity investment
—Revenue from Foshan Fochen Road Development Company Limited has been recorded into unified collection and allocation system of road-bridge tolls. The Company regards such investments balances as right to earnings, which shall be amortized within the remaining period of business of this company. In current period, an investment cost of RMB 000 was amortized.
—The investee company Guangdong Fozhao Guoxuan Power Energy Co., Ltd. had completed the liquidation procedures.
—On 15 Aug. 2014, the Company and Guangzhou Finance Holdings Group Co., Ltd. signed<The Equity TransactionContract>, according to which Guangzhou Finance Holdings Group Co., Ltd. agreed to acquire the15.38% stake of Guangzhou Pearl River Asset Management Co., Ltd. held by the Company at the price of RMB 8.52 million. Upon completion of this equity transaction, the Company no longer holds any equity in Guangzhou Pearl River Asset Management Co., Ltd.
4. Revenue and Cost of Sales
(1) Revenue
Unit: RMB Yuan
||||
|-|-|-|
|Item|Reporting period|Same period of last year|
|Main business revenue|1,490,151,685.68|1,174,388,755.76|
|Other business revenue|80,081,492.90|49,004,949.56|
|Total|1,570,233,178.58|1,223,393,705.32|
|Cost of sales|1,211,678,092.30|960,725,666.05|

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. (2) Main business (Classified by industry)
Unit: RMB Yuan
||||||
|-|-|-|-|-|
||Reporting period||Same period of last year||
|Industry|||||
||Revenue of sales|Cots of sales|Revenue of sales|Cots of sales|
|Lighting components and|||||
||1,490,151,685.68|1,147,781,613.27|1,174,388,755.76|929,420,937.18|
|lamps|||||
|Total|1,490,151,685.68|1,147,781,613.27|1,174,388,755.76|929,420,937.18|

 (3) Main business (Classified by product)
Unit: RMB Yuan
||||||
|-|-|-|-|-|
||Reporting period||Same period of last year||
|Product|||||
||Revenue of sales|Cots of sales|Revenue of sales|Cots of sales|
|Lighting components and|||||
||1,490,151,685.68|1,147,781,613.27|1,174,388,755.76|929,420,937.18|
|lamps|||||
|Among: traditional lighting|||||
||1,069,369,192.29|812,694,756.08|1,078,994,820.43|847,087,142.75|
|products|||||
|LED lighting products|420,782,493.39|335,086,857.19|95,393,935.33|82,333,794.43|
|Total|1,490,151,685.68|1,147,781,613.27|1,174,388,755.76|929,420,937.18|

 (4) Main business (Classified by area)
Unit: RMB Yuan
||||||
|-|-|-|-|-|
||Reporting period||Same period of last year||
|Area|||||
||Revenue of sales|Cots of sales|Revenue of sales|Cots of sales|
|Domestic|999,480,817.88|819,088,953.27|846,565,487.63|690,061,303.46|
|Overseas|490,670,867.80|328,692,660.00|327,823,268.13|239,359,633.72|
|Total|1,490,151,685.68|1,147,781,613.27|1,174,388,755.76|929,420,937.18|

 (5) Revenue of sales from the top five customers
Unit: RMB Yuan
||||
|-|-|-|
|||Proportion of total|
|Customers|Total revenue of sales||
|||revenue of sales (%)|
|** COMPANY|183,203,928.16|11.67%|
|** ELECTRIC COMPANY|26,175,521.25|1.67%|
|Guangzhou ** Lighting electric Appliance Co., Ltd.|20,154,129.33|1.28%|
|Shenzhen ** Electric Appliance Co.,ltd.|19,876,497.63|1.27%|
|PROSPERITY LAMPS & COMPONENTS LIMITED|19,860,345.46|1.26%|
|Total|269,270,421.83|17.15%|

 5. Investment income
(1) List of investment income
Unit: RMB Yuan
||||
|-|-|-|
|Item|Reporting period|Same period of last year|
|Long-term equity investment income accounted by cost|||
||26,330,880.10|0.00|
|method|||
|Long-term equity investment income accounted by equity|||
||-2,612,635.56|-2,310,773.80|
|method|||

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
||||
|-|-|-|
|Investment income received from the disposal of tradable|||
||-714,793.88|-1,379,272.51|
|financial assets|||
|Investment income received from available-for-sale financial|||
||0.00|1,365,712.54|
|assets|||
|Total|23,003,450.66|-2,324,333.77|

 (2) Long-term equity investment income accounted by cost method
Unit: RMB Yuan
|||||
|-|-|-|-|
|||Same period of last||
|Name of investee|Reporting period||Reason for increase/decrease YoY|
|||year||
||||Received dividend bonus money from|
|Xiamen Bank Co., Ltd.|21,942,835.20|0.00||
||||investee in the reporting period|
||||Conducted amortization to the investee|
||||according to Foshan bridge tolls|
|Fochen Highway Development Co., Ltd.|-499,999.98|0.00||
||||unified collection distribution system|
||||in the reporting period|
|Foshan Taimei Times Lamps and Lanterns|||Received dividend bonus money from|
||4,888,044.88|0.00||
|Co., Ltd.|||subsidiary in the reporting period|
|Total|26,330,880.10|0.00|--|

(3) Long-term equity investment income accounted by equity method
Unit: RMB Yuan
|||||
|-|-|-|-|
|||Same period of last||
|Name of investee|Reporting period||Reason for increase/decrease YoY|
|||year||
|Qinghai FSL Lithium Energy Exploitation||||
||-2,595,523.09|-1,957,819.93|Loss increase in this period|
|Co., Ltd.||||
|Guangdong Fozhao Guoxuan Power Energy||||
||-17,112.47|-352,953.87|losses of cancellation liquidation|
|Co., Ltd.||||
|Total|-2,612,635.56|-2,310,773.80|--|

Note:
6. Supplemental information of Cash Flow Statement
Unit: RMB Yuan
||||
|-|-|-|
|Supplemental information|Reporting period|Same period of last year|
|1. Reconciliation of net profit to net cash flows generated from|||
||--|--|
|operations：|||
|Net profit|186,446,462.84|144,315,684.79|
|Add: Provision for assets impairments|2,949,407.02|16,165,237.79|
|Depreciation of fixed assets, oil and gas assets and productive|||
||36,488,694.71|37,192,578.90|
|biological assets|||
|Amortization of intangible assets|2,326,100.18|1,690,549.45|
|Losses/gains on disposal of property, intangible asset and other|||
||-3,458.00|-16,786,499.21|
|long-term assets (gains: negative)|||
|Losses/gains on scrapped of fixed assets (gains: negative)|61,753.86|908,276.06|
|Losses/gains from variation of fair value (gains: negative)|-1,115,756.46|69,701.45|
|Financial cost (income: negative)|1,773,859.83|2,050,576.88|

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd.
||||
|-|-|-|
|Investment loss (gains: negative)|-23,003,450.66|2,324,333.77|
|Decrease in deferred tax assets (increase: negative)|-236,092.00|4,041,585.41|
|Decrease in inventory (increase: negative)|-61,222,839.49|-65,715,124.75|
|Decrease in accounts receivable from operating activities (increase:|||
||-190,629,267.99|-260,165,830.11|
|negative)|||
|Increase in accounts payable from operating activities (decrease:|||
||190,728,936.13|129,586,264.73|
|negative)|||
|Net cash flows generated from operating activities|144,564,349.97|-4,322,664.84|
|2. Significant investing and financing activities without|||
||--|--|
|involvement of cash receipts and payments|||
|3. Change of cash and cash equivalent:|--|--|
|Closing balance of cash|552,886,955.79|429,905,060.78|
|Less: opening balance of cash|581,390,386.39|699,511,754.78|
|Plus: closing balance of cash equivalent|-28,503,430.60|-269,606,694.00|

 8. Assets and liabilities in assessed value under reverse purchase
Inapplicable
XIV. Supplementary information
1 Items and amounts of extraordinary gains and losses
Unit: RMB Yuan
||||
|-|-|-|
|Item|Amount|Note|
|Loss and gains on disposal of non-current assets (Including|||
||-106,385.02||
|write-off part of the provision for asset impairment)|||
|Governmental subsidy included in the current profits and losses(is|||
|closely related with the business event, except for the|||
||323,499.80||
|governmental subsidy that according to the national unity|||
|standard quota or the quantitative regal assets)|||
|In addition to the valid hedging activity associated with the|||
|normal operation of the Company, the changes in fair value|||
|through gains or losses which arising from the holding trading|||
|financial assets and the trading financial liabilities as well as the|22,326,685.31||
|investment income that earning from the disposal of trading|||
|financial assets, trading financial liabilities and available-for-sale|||
|financial assets|||
|Income and expenses of the other operation except for the|||
||682,094.80||
|mentioned above|||
|Less：the effect of income tax|3,490,982.07||
|Total|19,734,912.82|--|

Government grants recognized in the current period was recurrent profit and loss item, shall specify disclosure reason item by item.
□ Applicable√ Inapplicable
2. Accounting data differences according to the domestic and foreign accounting standards
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. (1) Different situations of the net profits and net assets in the financial disclosure reports in accordance with the international accounting standards and Chinese accounting standards at the same time
Unit: RMB Yuan
||||||
|-|-|-|-|-|
||Net profits belongs to the shareholders of the listed||Net assets belongs to the shareholders of the||
||companies||listed companies||
||Current period amount|Last period amount|Closing balance|Opening balance|
|According to Chinese|188,959,139.45|153,047,291.37|2,920,569,091.65|2,890,581,921.74|
|accounting standards|||||
|Items and amounts adjusted in accordance with international accounting standards|||||
|According to the international|||||
||188,959,139.45|153,047,291.37|2,920,569,091.65|2,890,581,921.74|
|accounting standards|||||

(2) Different situations of the net profits and net assets in the financial disclosure reports in accordance with the international accounting standards and Chinese accounting standards at the same time
Unit: RMB Yuan
||||||
|-|-|-|-|-|
||Net profits belongs to the shareholders of the listed||Net assets belongs to the shareholders of the||
||companies||listed companies||
||Current period amount|Last period amount|Closing balance|Opening balance|
|According to Chinese|188,959,139.45|153,047,291.37|2,920,569,091.65|2,890,581,921.74|
|accounting standards|||||
|Items and amounts adjusted in accordance with foreign accounting standards|||||
|According to the foreign|||||
||188,959,139.45|153,047,291.37|2,920,569,091.65|2,890,581,921.74|
|accounting standards|||||

（3）Notes of the reasons of the differences between the accounting data according to the domestic and foreign accounting standards
Naught
3. Return on equity and earnings per share
Unit: RMB Yuan
|||||
|-|-|-|-|
||The weighted average ROE|EPS||
|Profit in the reporting period||||
||(%)|Basic EPS|Diluted EPS|
|Net profit attributable to the Company's||||
||6.68%|0.1931|0.1931|
|common stock shareholders||||
|Net profit attributable to shareholders of the||||
|Company's common stock after deducting|5.98%|0.1729|0.1729|
|non-recurring gains and losses||||

4. Particulars on the abnormal conditions of main items in the financial statements of the Company and relevant reasons
Unit: RMB Yuan
||||||
|-|-|-|-|-|
|Item|Closing balance|Opening balance|Change rate|Reason|
|Tradable financialassets|998,152.00|3,903,197.90|-74.43%|Mainly due to the sale of part oftradable financial assets|
|Notes receivable|231,892,346.49|154,142,432.66|50.44%|Mainly due to the increase of notereceivable|

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. Mainly due to the increase of the Account receivable 522,173,015.03 390,216,735.62 33.82%
sale of products
||||||
|-|-|-|-|-|
|payment in advance|74,912,388.57|24,054,319.34|211.43%|Mainly due to the increase ofadvance payment for materials|
|Goodwill|6,603,743.83|-|100%|Mainly due to the goodwillrecognized by the newly acquisitionsubsidiary|
|Accounts payable|506,823,920.43|270,968,881.44|87.04%|Mainly due to the increase ofpurchase of material|
|Tax payable|44,456,205.21|19,571,121.78|127.15%|Mainly due to the increaseof unpaid taxes payable|
|Minority equity|48,384,394.65|34,805,128.86|39.02%|Mainly due to the increase of newlypurchase other shareholders’equities of the subsidiary|
|Sales expense|62,967,912.93|44,431,240.08|41.72%|Mainly due to the increase of salesbusiness|
|Administrationexpense|104,495,339.45|77,932,401.53|34.08%|Mainly due to the increase ofoperating expense|
|Financial expenses|-5,733,347.63|-3,963,817.89|-44.64%|Mainly due to the increase of bankinterest|
|Assets impairmentloss|3,473,194.22|17,853,921.20|-80.55%|Mainly due to the decreaseof provision for bad debts|
|Gains on thechanges in the fairvalue|1,115,756.46|-69,701.45|1700.77%|Mainly due to the changes in fairvalue of trading financial assets|
|Investment income|18,115,405.78|-945,061.26|2016.85%|Mainly due to receiving dividendbonus money of Xiamen Bank|
|Non-operatingincome|3,294,367.06|71,680,160.17|-95.40%|Mainly due to the decreaseof energy-saving subsidies income|
|Non-operatingexpenses|115,455.48|10,700,438.83|-98.92%|Mainly due to the decrease of saleof fixed assets|
|Minority interestincome|-1,730,504.97|-62,814.29|-2654.95%|Mainly due to the increase ofsubsidiary loss|
|Othercomprehensiveincome|-2,401,770.34|-3,802,803.04|-36.84%|Mainly due to changes in fair valueof available for sale financial assets|
|The net cash flowgained fromoperating activities|138,441,766.77|11,712,252.61|1082.03%|Mainly due to the increase of thecash received by selling goods,providing labor services|
|The net cash flowgained frominvestment activities|-21,344,331.62|25,328,242.59|-184.27%|Mainly due to the increase of thecash pay to foreign investment|

2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. The net cash flow Mainly due to the decrease of the gained from -151,583,685.10 -284,036,742.40 -46.63% distribution of dividends, profits or financing activities cash for interest payments
2014 Semi-annual Report of Foshan Electrical and Lighting Co., Ltd. X. Documents for Reference
Investors and the relevant departments could refer to the following information in secretary office in the board office building:
1．Financial statements signed and sealed by legal representative, principal of accounting work, and manager of finance department;
2. Originals of all documents and announcements of the Company ever disclosed on CSRC designated disclosure media in the reporting period.
3. Text of the 2014 Semi-annual Report with the signature of the Chairman of the Board of Directors.
Board of Directors
Foshan Electrical and Lighting Co.,Ltd 26 August 2014