Foshan Electrical and Lighting Co. Ltd. First Quarterly Report 2025
Stock Code: 000541 200541 Stock Name: FSL FSL-B Announcement No. 2025-027
FOSHAN ELECTRICAL AND LIGHTING CO. LTD.FIRST QUARTERLY REPORT 2025
Foshan Electrical and Lighting Co. Ltd. (hereinafter referred to as the “Company”) and all the members of the
Company’s Board of Directors hereby guarantee that the contents of this Report are true accurate and complete
and free of any misrepresentations misleading statements or material omissions.Important Notes:
1. The Board of Directors the Supervisory Committee as well as the directors supervisors and senior
management of the Company hereby guarantee that the contents of this Report are true accurate and complete
and free of any misrepresentations misleading statements or material omissions and collectively and
individually accept legal responsibility for such contents.
2. The Company’s legal representative Chief Financial Officer (CFO) and person-in-charge of the Company’s
accounting organ (equivalent to accounting manager) hereby guarantee that the financial statements carried in
this Report are true accurate and complete.
3. Indicate whether the financial statements in this Report have been audited by an independent auditor.
□ Yes □ No
4. This Report has been prepared in both Chinese and English. Should there be any discrepancies or
misunderstandings between the two versions the Chinese version shall prevail.
1Foshan Electrical and Lighting Co. Ltd. First Quarterly Report 2025
I Key Financial Information
(I) Key Accounting Data and Financial Indicators
Indicate whether there is any retrospectively restated datum in the table below.□ Yes □ No
Q1 2025 Q1 2024 YoY change (%)
Operating revenue (RMB) 2145097615.85 2517243351.93 -14.78%
Net profit attributable to the
listed company’s shareholders 64757120.39 83714220.74 -22.65%
(RMB)
Net profit attributable to the
listed company’s shareholders
61595567.6076725491.16-19.72%
before exceptional gains and
losses (RMB)
Net cash generated from/used
-114950715.2277337687.93-248.63%
in operating activities (RMB)
Basic earnings per share
0.04220.0545-22.57%
(RMB/share)
Diluted earnings per share
0.04200.0541-22.37%
(RMB/share)
Weighted average return on
0.98%1.32%-0.34%
equity (%)
31 March 2025 31 December 2024 Change (%)
Total assets (RMB) 16939495805.90 17159763456.64 -1.28%
Equity attributable to the
listed company’s shareholders 6659348493.37 6574304305.27 1.29%
(RMB)
(II) Exceptional Gains and Losses
□ Applicable □ Not applicable
Unit: RMB
Item Q1 2025 Note
Gain or loss on disposal of non-current assets (inclusive of
17533.88
impairment allowance write-offs)
Government grants recognised in profit or loss (exclusive of
those that are closely related to the Company's normal business
operations and given in accordance with defined criteria and in 9382215.16
compliance with government policies and have a continuing
impact on the Company's profit or loss)
Gain or loss on fair-value changes in financial assets and
liabilities held by a non-financial enterprise as well as on
disposal of financial assets and liabilities (exclusive of the 375197.21
effective portion of hedges that is related to the Company's
normal business operations)
Capital occupation charges on non-financial enterprises that are
252446.60
charged to current gains and losses
Reversed portions of impairment allowances for receivables
1123114.40
which are tested individually for impairment
2Foshan Electrical and Lighting Co. Ltd. First Quarterly Report 2025
Non-operating income and expense other than the above -638615.30
Less: Income tax effects 1523208.50
Non-controlling interests effects (net of tax) 5827130.66
Total 3161552.79 --
Other items that meet the definition of exceptional gain/loss:
□Applicable □ Not applicable
No such cases in the Reporting Period.Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item listed in the
Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the
Public—Exceptional Gain/Loss Items:
□Applicable □ Not applicable
No such cases in the Reporting Period.(III) Changes in Key Financial Statement Line Items and Explanation of why
□ Applicable □ Not applicable
Unit: RMB
Q1 2025/31 Q1 2024/31 Change
Item Main reason for the change
March 2025 December 2024 (%)
Held-for-trading financial Increased purchases of financial
67183370.1043649820.4753.91%
assets management products in the current period
Increased of prepaid daily operating
Prepayments 32542389.96 24419779.12 33.26%
expenses in the current period
Receipt of customer payments in the
Contract assets 1126681.30 1690021.95 -33.33%
current period
Purchase of short-term bank’s financial
Other current assets 477644018.44 261284776.85 82.81%
management products in the current period
Changes in the fair value of forward
Held-for-trading financial
- 275250.00 -100.00% exchange settlement products as a result of
assets
currency fluctuations
Decreased corporate income tax payable in
Taxes and levies payable 54702908.80 107085160.39 -48.92%
the current period
3Foshan Electrical and Lighting Co. Ltd. First Quarterly Report 2025
Q1 2025/31 Q1 2024/31 Change
Item Main reason for the change
March 2025 December 2024 (%)
Retirement of inventory shares in the
Inventory shares - 82165144.15 -100.00%
current period
Decreased currency fluctuations in the
Finance costs -9580677.36 -14291426.54 32.96%
current period
Share of profit or loss of Decrease in net profits of associates
joint ventures and 245371.68 990924.47 -75.24% attributable to owners of the Company as
associates the parent in the current period
Decreased gain on changes in fair value as
Gain on changes in fair a result of the transfer of investments in
352749.63-466532.76175.61%
value wealth management instruments to return
on investment upon maturity
Asset impairment loss (“-” Decreased inventory valuation allowances
-12182413.52-23811074.8948.84%
for loss) in the current period
Decreased loss on disposal of assets in the
Asset disposal income 444.50 -99108.79 100.45%
current period
Increased of non operating expenses in the
current period and reversal in the same
Non-operating expense 790444.83 -182989.99 531.96% period of last year of loss on damage and
retirement of non-current assets that had
been previously recognized
Increased changes in the fair value of
Other comprehensive investments in other equity instruments in
19149234.46-11249041.00270.23%
income net of tax the current period compared with the same
period of last year
Other comprehensive Increased changes in the fair value of
income net of tax investments in other equity instruments in
19701189.72-11083756.96277.75%
attributable to owners of the current period compared with the same
the Company as the parent period of last year
Increased changes in the fair value of
Changes in the fair value
investments in other equity instruments in
of investments in other 20344368.95 -10891442.27 286.79%
the current period compared with the same
equity instruments
period of last year
Differences arising from
the translation of foreign Fluctuations of the RMB against foreign
-643179.23-192314.69-234.44%
currency-denominated currencies
financial statements
Other comprehensive
income net of tax Fluctuations of the RMB against foreign
-551955.26-165284.04-233.94%
attributable to non- currencies
controlling interests
Net cash generated
Decreased cash proceeds from sale of
from/used in operating -114950715.22 77337687.93 -248.63%
goods in the current period
activities
4Foshan Electrical and Lighting Co. Ltd. First Quarterly Report 2025
Q1 2025/31 Q1 2024/31 Change
Item Main reason for the change
March 2025 December 2024 (%)
Net cash generated Purchase of a higher total amount of large
from/used in investing -380551654.53 -846896748.45 55.07% depository receipts in the same period of
activities last year
Net cash generated
Higher amount of borrowings received in
from/used in financing -5735354.24 57657087.76 -109.95%
the same period of last year
activities
Other information:
The Company has implemented Interpretation No. 18 of the Accounting Standards for Business Enterprises from 1 January 2024.When accounting for the provisions arising from the product warranties of the guarantee type that does not belong to a single
performance obligation in accordance with the relevant provisions of the Accounting Standard No. 13 for Business Enterprises -
Contingencies the "cost of principal operations" and "cost of other operations" items shall be debited and the "provisions" item
shall be credited according to the determined provision which shall be presented accordingly in the "cost of sales" in the income
statement and the "other current liabilities" "current portion of non-current liabilities" "provisions" and other items in the balance
sheet. The impact of this provision on the financial statements for the first quarter of 2024 is as follows:
Unit: RMB
Consolidated income statement item Q1 2024 (before) Q1 2024 (restated) Impact
Cost of sales 2056502024.36 2059689553.21 3187528.85
Selling expense 83278275.64 80090746.79 -3187528.85
II Shareholder Information
(I) Numbers of Ordinary Shareholders and Preference Shareholders with Resumed Voting Rights as well
as Holdings of Top 10 Shareholders
Unit: share
Number of preference shareholders with resumed
Number of ordinary shareholders 107419 0
voting rights (if any)
Top 10 shareholders (exclusive of shares lent in refinancing)
Name of Nature of Shareholding Total shares Restricted Shares in pledge marked or frozen
shareholder shareholder percentage held shares held Status Shares
Hong Kong
Wah Shing
Foreign
Holding 12.85% 197338980.00 0.00 N/A 0.00
corporation
Company
Limited
Prosperity
Lamps & Foreign
9.57% 146934857.00 0.00 N/A 0.00
Components corporation
Limited
Guangdong State-owned 8.61% 132194246.00 0.00 N/A 0.00
5Foshan Electrical and Lighting Co. Ltd. First Quarterly Report 2025
Electronics corporation
Information
Industry Group
Ltd.Guangdong
Rising State-owned
8.45% 129826793.00 46695895.00 N/A 0.00
Holdings corporation
Group Co. Ltd.Central Huijin
Asset State-owned
2.16% 33161800.00 0.00 N/A 0.00
Management corporation
Co. Ltd.SDICS
International
Securities
(Hong Kong)
Limited
(formerly Foreign
2.07% 31793798.00 0.00 N/A 0.00
known as corporation“EssenceInternational
Securities
(Hong Kong)Limited”)
Rising
Investment Foreign
1.66% 25482252.00 0.00 N/A 0.00
Development corporation
Limited
Domestic
Zhang Shaowu 1.11% 17000000.00 0.00 N/A 0.00
individual
Foreign
Zhuang Jianyi 0.78% 11903509.00 8927632.00 N/A 0.00
individual
Hong Kong
Securities
Foreign
Clearing 0.69% 10549767.00 0.00 N/A 0.00
corporation
Company
Limited
Top 10 unrestricted shareholders (exclusive of shares lent in refinancing and locked shares of executives)
Shares by class and number
Name of shareholder Unrestricted shares held
Class Shares
RMB-
Hong Kong Wah Shing Holding
197338980.00 denominated 197338980.00
Company Limited
ordinary share
RMB-
Prosperity Lamps & Components
146934857.00 denominated 146934857.00
Limited
ordinary share
RMB-
Guangdong Electronics
132194246.00 denominated 132194246.00
Information Industry Group Ltd.ordinary share
RMB-
Guangdong Rising Holdings
83130898.00 denominated 83130898.00
Group Co. Ltd.ordinary share
RMB-
Central Huijin Asset Management
33161800.00 denominated 33161800.00
Co. Ltd.ordinary share
SDICS International Securities Domestically
31793798.0031793798.00
(Hong Kong) Limited (formerly listed foreign
6Foshan Electrical and Lighting Co. Ltd. First Quarterly Report 2025known as “Essence International shareSecurities (Hong Kong) Limited”)
Domestically
Rising Investment Development
25482252.00 listed foreign 25482252.00
Limited
share
RMB-
Zhang Shaowu 17000000.00 denominated 17000000.00
ordinary share
RMB-
Hong Kong Securities Clearing
10549767.00 denominated 10549767.00
Company Limited
ordinary share
Domestically
China Merchants Securities (HK)
9116991.00 listed foreign 9116991.00
Co. Limited
share
Among the top 10 shareholders and top 10 unrestricted shareholders
Hong Kong Wah Shing Holding Company Limited Guangdong
Electronics Information Industry Group Ltd. Guangdong Rising
Holdings Group Co. Ltd. and Rising Investment Development Limited
Related or acting-in-concert parties among the
are acting-in-concert parties; Prosperity Lamps & Components Limited
shareholders above
and Zhuang Jianyi are acting-in-concert parties. Apart from that it is
unknown whether there is among the top 10 shareholders any other
related parties or acting-in-concert parties as defined in the
Administrative Measures for the Acquisition of Listed Companies.Top 10 shareholders involved in securities margin
None
trading (if any)
5% or greater shareholders top 10 shareholders and Top 10 unrestricted shareholders involved in refinancing
shares lending
□Applicable □ Not applicable
Changes in top 10 shareholders and top 10 unrestricted shareholders due to refinancing shares lending/return
compared with the prior period
□Applicable □ Not applicable
(II) Number of Preference Shareholders and Shareholdings of Top 10 of Them
□Applicable □ Not applicable
III Other Significant Events
□ Applicable □ Not applicable
On 29 November 2024 and 16 December 2024 the Company held the Third Meeting of the 10th Board of
Directors the Third Meeting of the 10th Supervisory Committee and the Third Extraordinary General Meeting
of Shareholders in 2024 respectively. The meetings reviewed and approved the Proposal on Retirement of
Repurchased Shares and Reduction of Registered Capital agreeing that the Company will retire the 13 million
7Foshan Electrical and Lighting Co. Ltd. First Quarterly Report 2025
A-stock shares deposited in the special securities account for repurchased shares and reduce the Company's
registered capital accordingly. On 10 January 2025 the Shenzhen Branch of China Securities Depository and
Clearing Corporation Limited confirmed that the above 13 million A-stock shares have been retired and the
Company's total share capital has changed from 1548778230 shares to 1535778230 shares. For details
please see the Announcement on Completion of Retirement of Repurchased Shares and Change of Shares
disclosed by the Company on http://www.cninfo.com.cn/ on 14 January 2025.IV Quarterly Financial Statements
(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by Foshan Electrical and Lighting Co. Ltd.
31 March 2025
Unit: RMB
Item 31 March 2025 1 January 2025
Current assets:
Monetary assets 2706415406.44 3209127437.31
Settlement reserve
Loans to other banks and financial
institutions
Held-for-trading financial assets 67183370.10 43649820.47
Derivative financial assets
Notes receivable 831793256.95 997281070.21
Accounts receivable 2326196723.05 2125667291.96
Receivables financing 379728171.75 352694866.89
Prepayments 32542389.96 24419779.12
Premiums receivable
Reinsurance receivables
Receivable reinsurance contract
reserve
Other receivables 71997518.52 70524265.25
Including: Interest receivable
Dividends receivable
Financial assets purchased under
resale agreements
Inventories 1971531778.32 2025499361.38
Including: data resources
Contract assets 1126681.30 1690021.95
Assets held for sale 17147339.84 17147339.84
Current portion of non-current assets
Other current assets 477644018.44 261284776.85
Total current assets 8883306654.67 9128986031.23
Non-current assets:
Loans and advances to customers
Debt investments
8Foshan Electrical and Lighting Co. Ltd. First Quarterly Report 2025
Item 31 March 2025 1 January 2025
Other debt investments 1147640021.23 1140022863.72
Long-term receivables
Long-term equity investments 180545966.57 180300594.89
Investments in other equity
750598165.13726663613.42
instruments
Other non-current financial assets
Investment property 808207352.88 793487046.02
Fixed assets 3580652925.55 3646594206.04
Construction in progress 232728688.57 263601705.89
Productive living assets
Oil and gas assets
Right-of-use assets 21248669.57 22342999.34
Intangible assets 387147679.93 388587348.99
Including: data resources
Development costs
Including: data resources
Goodwill 279438540.78 279438540.78
Long-term prepaid expense 272785312.04 253024495.82
Deferred income tax assets 137408950.45 135948224.91
Other non-current assets 257786878.53 200765785.59
Total non-current assets 8056189151.23 8030777425.41
Total assets 16939495805.90 17159763456.64
Current liabilities:
Short-term borrowings 274472336.09 307141147.49
Borrowings from the central bank
Loans from other banks and financial
institutions
Held-for-trading financial liabilities 275250.00
Derivative financial liabilities
Notes payable 1885311833.39 1930784817.62
Accounts payable 2614659395.10 2781965096.70
Advances from customers 13529409.94 13531474.15
Contract liabilities 127081218.76 119506301.48
Financial assets sold under
repurchase agreements
Customer deposits and deposits from
other banks and financial institutions
Payables for acting trading of
securities
Payables for underwriting of
securities
Employee benefits payable 153911800.08 214651088.46
Taxes and levies payable 54702908.80 107085160.39
Other payables 461776334.10 495717050.97
Including: Interest payable
Dividends payable
Fees and commissions payable
Reinsurance payables
Liabilities directly associated with
assets held for sale
Current portion of non-current
121076111.04120574788.81
liabilities
Other current liabilities 409512763.53 377156212.40
Total current liabilities 6116034110.83 6468388388.47
Non-current liabilities:
9Foshan Electrical and Lighting Co. Ltd. First Quarterly Report 2025
Item 31 March 2025 1 January 2025
Insurance contract reserve
Long-term borrowings 222387200.43 222581930.54
Bonds payable
Including: Preference shares
Perpetual bonds
Lease liabilities 14643795.23 15023993.11
Long-term payables
Long-term employee benefits
payable
Provisions 35337634.21 27430683.82
Deferred income 89816417.05 73739179.94
Deferred income tax liabilities 186998011.80 185921269.29
Other non-current liabilities 177917.63 177917.63
Total non-current liabilities 549360976.35 524874974.33
Total liabilities 6665395087.18 6993263362.80
Owners’ equity:
Share capital 1535778230.00 1548778230.00
Other equity instruments
Including: Preference shares
Perpetual bonds
Capital reserves 845171181.51 914336325.66
Less: Treasury stock 82165144.15
Other comprehensive income 403130344.74 383429155.02
Specific reserve 5367939.19 4782061.20
Surplus reserves 150097522.97 150097522.97
General reserve
Retained earnings 3719803274.96 3655046154.57
Total equity attributable to owners of the
6659348493.376574304305.27
Company as the parent
Non-controlling interests 3614752225.35 3592195788.57
Total owners’ equity 10274100718.72 10166500093.84
Total liabilities and owners’ equity 16939495805.90 17159763456.64
Legal representative: Wan Shan Chief Financial Officer: Tang Qionglan
Person-in-charge of the Company’s accounting organ: Li Yizhi
2. Consolidated Income Statement
Unit: RMB
Item Q1 2025 Q1 2024
1. Revenues 2145097615.85 2517243351.93
Including: Operating revenue 2145097615.85 2517243351.93
Interest revenue
Insurance premium income
Fee and commission income
2. Costs and expenses 2056892022.73 2386645489.59
Including: Cost of sales 1724777902.13 2059689553.21
Interest costs
Fee and commission expense
Surrenders
Net insurance claims paid
10Foshan Electrical and Lighting Co. Ltd. First Quarterly Report 2025
Item Q1 2025 Q1 2024
Net amount provided as
insurance contract reserve
Expenditure on policy
dividends
Reinsurance premium expense
Taxes and levies 15693648.62 18361206.30
Selling expense 86338594.05 80090746.79
Administrative expense 112221955.49 112552598.62
R&D expense 127440599.80 130242811.21
Finance costs -9580677.36 -14291426.54
Including: Interest costs 3748523.11 4840250.34
Interest revenue 10735162.93 12831299.72
Add: Other income 24274999.40 27748471.98
Return on investment (“-” for
8680242.378290925.60
loss)
Including: Share of profit or
245371.68990924.47
loss of joint ventures and associates
Income from the
derecognition of financial assets at
amortized cost (“-” for loss)
Exchange gain (“-” for loss)
Net gain on exposure hedges (“-”
for loss)
Gain on changes in fair value (“-”
352749.63-466532.76
for loss)
Credit impairment loss (“-” for
-9452922.19-11578477.05
loss)
Asset impairment loss (“-” for
-12182413.52-23811074.89
loss)
Asset disposal income (“-” for
444.50-99108.79
loss)
3. Operating profit (“-” for loss) 99878693.31 130682066.43
Add: Non-operating income 168918.91 217620.55
Less: Non-operating expense 790444.83 -182989.99
4. Profit before tax (“-” for loss) 99257167.39 131082676.97
Less: Income tax expense 11963881.33 15957470.97
5. Net profit (“-” for net loss) 87293286.06 115125206.00
5.1 By operating continuity
5.1.1 Net profit from continuing
87293286.06115125206.00
operations (“-” for net loss)
5.1.2 Net profit from
discontinued operations (“-” for net loss)
5.2 By ownership
5.2.1 Net profit attributable to
64757120.3983714220.74
owners of the Company as the parent
5.2.1 Net profit attributable to non-
22536165.6731410985.26
controlling interests
6. Other comprehensive income net of
19149234.46-11249041.00
tax
Attributable to owners of the
19701189.72-11083756.96
Company as the parent
11Foshan Electrical and Lighting Co. Ltd. First Quarterly Report 2025
Item Q1 2025 Q1 2024
6.1 Items that will not be
20344368.95-10891442.27
reclassified to profit or loss
6.1.1 Changes caused by
remeasurements on defined benefit
schemes
6.1.2 Other comprehensive
income that will not be reclassified to
profit or loss under the equity method
6.1.3 Changes in the fair value of
20344368.95-10891442.27
investments in other equity instruments
6.1.4 Changes in the fair value
arising from changes in own credit risk
6.1.5 Other
6.2 Items that will be reclassified to
-643179.23-192314.69
profit or loss
6.2.1 Other comprehensive
income that will be reclassified to profit
or loss under the equity method
6.2.2 Changes in the fair value of
other debt investments
6.2.3 Other comprehensive
income arising from the reclassification
of financial assets
6.2.4 Credit impairment
allowance for other debt investments
6.2.5 Reserve for cash flow
hedges
6.2.6 Differences arising from the
translation of foreign currency- -643179.23 -192314.69
denominated financial statements
6.2.7 Other
Attributable to non-controlling
-551955.26-165284.04
interests
7. Total comprehensive income 106442520.52 103876165.00
Attributable to owners of the
84458310.1172630463.78
Company as the parent
Attributable to non-controlling
21984210.4131245701.22
interests
8. Earnings per share
8.1 Basic earnings per share 0.0422 0.0545
8.2 Diluted earnings per share 0.0420 0.0541
Where business combinations under common control occurred in the current period the net profit achieved by the acquirees before
the combinations was RMB0.00 with the amount for the same period of last year being RMB0.00.Legal representative: Wan Shan Chief Financial Officer: Tang Qionglan
Person-in-charge of the Company’s accounting organ: Li Yizhi
3. Consolidated Cash Flow Statement
Unit: RMB
Item Q1 2025 Q1 2024
1. Cash flows from operating activities:
12Foshan Electrical and Lighting Co. Ltd. First Quarterly Report 2025
Item Q1 2025 Q1 2024
Proceeds from sale of commodities
1840468719.362069241779.07
and rendering of services
Net increase in customer deposits and
deposits from other banks and financial
institutions
Net increase in borrowings from the
central bank
Net increase in loans from other
financial institutions
Premiums received on original
insurance contracts
Net proceeds from reinsurance
Net increase in deposits and
investments of policy holders
Interest fees and commissions
received
Net increase in loans from other
banks and financial institutions
Net increase in proceeds from
repurchase transactions
Net proceeds from acting trading of
securities
Tax and levy rebates 42324289.03 41874360.02
Cash generated from other operating
56271518.7274500446.97
activities
Subtotal of cash generated from
1939064527.112185616586.06
operating activities
Payments for commodities and
1427759982.921559871489.82
services
Net increase in loans and advances to
customers
Net increase in deposits in the central
bank and other banks and financial
institutions
Payments for claims on original
insurance contracts
Net increase in loans to other banks
and financial institutions
Interest fees and commissions paid
Policy dividends paid
Cash paid to and for employees 422878320.24 390430757.95
Taxes and levies paid 102669682.38 44761183.74
Cash used in other operating
100707256.79113215466.62
activities
Subtotal of cash used in operating
2054015242.332108278898.13
activities
Net cash generated from/used in
-114950715.2277337687.93
operating activities
2. Cash flows from investing activities:
Proceeds from disinvestment 73621911.11 180000000.00
Return on investment 615512.98 1746539.59
Net proceeds from the disposal of 200.00 29708.48
13Foshan Electrical and Lighting Co. Ltd. First Quarterly Report 2025
Item Q1 2025 Q1 2024
fixed assets intangible assets and other
long-lived assets
Net proceeds from the disposal of
subsidiaries and other business units
Cash generated from other investing
activities
Subtotal of cash generated from
74237624.09181776248.07
investing activities
Payments for the acquisition of fixed
assets intangible assets and other long- 107051778.62 89672996.52
lived assets
Payments for investments 347500000.00 939000000.00
Net increase in pledged loans granted
Net payments for the acquisition of
subsidiaries and other business units
Cash used in other investing
237500.00
activities
Subtotal of cash used in investing
454789278.621028672996.52
activities
Net cash generated from/used in
-380551654.53-846896748.45
investing activities
3. Cash flows from financing activities:
Capital contributions received
Including: Capital contributions by
non-controlling interests to subsidiaries
Borrowings received 29211392.56 87057389.10
Cash generated from other financing
28051987.3427046956.73
activities
Subtotal of cash generated from
57263379.90114104345.83
financing activities
Repayment of borrowings 48017316.00 50829326.00
Interest and dividends paid 2753062.86 3630486.09
Including: Dividends paid by
subsidiaries to non-controlling interests
Cash used in other financing activities 12228355.28 1987445.98
Subtotal of cash used in financing
62998734.1456447258.07
activities
Net cash generated from/used in
-5735354.2457657087.76
financing activities
4. Effect of foreign exchange rates
1727522.776218150.73
changes on cash and cash equivalents
5. Net increase in cash and cash
-499510201.22-705683822.03
equivalents
Add: Cash and cash equivalents
2684382020.413101252943.88
beginning of the period
6. Cash and cash equivalents end of the
2184871819.192395569121.85
period
Legal representative: Wan Shan Chief Financial Officer: Tang Qionglan
Person-in-charge of the Company’s accounting organ: Li Yizhi
14Foshan Electrical and Lighting Co. Ltd. First Quarterly Report 2025
(II) Adjustments to Financial Statement Items at the Beginning of the Year of the First Implementation
of the New Accounting Standards Implemented since 2025
□ Applicable □ Not applicable
(III) Independent Auditor’s Report
Indicate by tick mark whether the financial statements above have been audited by an independent auditor.□Yes □ No
These financial statements have not been audited by such an auditor.The Board of Directors
Foshan Electrical and Lighting Co. Ltd.
23 April 2025
15
沪公网安备31011802005267号
