Foshan Electrical and Lighting Co. Ltd. Third Quarterly Report 2022

Stock Code: 000541 200541 Stock Name: FSL FSL-B Announcement No. 2022-062

FOSHAN ELECTRICAL AND LIGHTING CO. LTD.THIRD QUARTERLY REPORT 2022

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

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

Reason for any retrospectively adjustment or restatement

Business Combination under the same control

YoY YoY

Q3 2021 Q1-Q3 Q1-Q3 2021

Q3 2022 change (%) change (%)

2022

Before Restated Restated Before Restated Restated

Operating

206141212917972388802640968132471396015002

revenue -13.71% 6.56%

(RMB) 360.91 822.97 042.86 360.22 939.17 303.03

Net profit 6008802 8145773 9503208 -36.77% 2207524 1920132 2174096 1.54%

1Foshan Electrical and Lighting Co. Ltd. Third Quarterly Report 2022

attributable 6.76 5.74 4.70 60.04 78.67 37.30

to the listed

company’s

shareholder

s (RMB)

Net profit

attributable

to the listed

company’s

shareholder 6416790 4985928 4518673 2250304 1488097 1363751

42.01%65.01%

s before 8.29 5.46 7.03 32.47 92.97 03.10

exceptional

gains and

losses

(RMB)

Net cash

generated

from/used -

54428804390020

in - - - - 5358611 23.98%

operating 75.20 14.50 9.35

activities

(RMB)

Basic

earnings

per share 0.0445 0.0604 0.0704 -36.79% 0.1636 0.1423 0.1612 1.49%

(RMB/shar

e)

Diluted

earnings

per share 0.0441 0.0598 0.0698 -36.82% 0.1621 0.1410 0.1596 1.57%

(RMB/shar

e)

Weighted

average

1.20%1.34%1.32%-0.12%3.88%3.16%3.01%0.88%

return on

equity (%)

31 December 2021 YoY change (%)

30 September 2022

Before Restated Restated

Total assets

14290151975.799699592528.6116317843693.47-12.43%

(RMB)

Equity

attributable

to the listed

5182871248.295800558588.346986502976.72-25.82%

company’s

shareholder

s (RMB)

Note: The Company has completed in February 2022 the major asset restructuring involving the acquisition of a

21.32% stake held by Rising Group and its acting-in-concert parties in NationStar Optoelectronics. NationStar

Optoelectronics has been included in the Company’s consolidated financial statements since 2022 with

retrospective adjustments to relevant financial statement data of the same period of last year and the end of last

year.(II) Exceptional Gains and Losses

□ Applicable □ Not applicable

Unit: RMB

Item Q3 2022 Q1-Q3 2022 Note

Gain or loss on disposal of non-current

assets (inclusive of impairment 1127472.19 -4595893.18

allowance write-offs)

2Foshan Electrical and Lighting Co. Ltd. Third Quarterly Report 2022

Government grants through profit or

loss (exclusive of government grants

given in the Company’s ordinary course

16162559.1547741537.68

of business at fixed quotas or amounts

as per the government’s uniform

standards)

Capital occupation charges on non-

financial enterprises that are recognized 84351.00 297393.31

in profit or loss

Current gains and losses on subsidiaries

acquired through business mergers

9568639.83

under same control from period-

beginning to merger dates net

Gain or loss on fair-value changes on

held-for-trading financial assets and

liabilities & income from disposal of

held-for-trading financial assets and

liabilities and available-for-sale -11431303.36 -20429161.45

financial assets (exclusive of the

effective portion of hedges that arise in

the Company’s ordinary course of

business)

Non-operating income and expense

1121536.847165844.61

other than the above

Less: Income tax effects 665339.46 4676240.73

Non-controlling interests effects

10479157.8939350092.50

(net of tax)

Total -4079881.53 -4277972.43 --

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~Q3 2022/ Q1~Q3 2021/

Item Change (%) Explanation of why

30 September 2022 1 January 2022

Redemption of wealth management

Held-for-trading

31183899.15 348248125.61 -91.05% products upon maturity in the current

financial assets

period

3Foshan Electrical and Lighting Co. Ltd. Third Quarterly Report 2022

Increased prepayments to suppliers in the

Prepayments 57740128.94 33474104.32 72.49%

current period

Contract assets 5668421.11 8561303.10 -33.79% Recovery of accounts in the current period

Decrease in input VAT withheld for

Other current assets 59527381.88 125675148.17 -52.63% authentication and offsetting output VAT in

the current period

Changes in the fair value of investments in

Investments in other

868654629.65 1504980024.07 -42.28% other equity instruments in the current

equity instruments

period

Long-term prepaid Increased molds for new products in the

198830364.03152726512.5630.19%

expense current period

The combination of NationStar

Optoelectronics which was under common

Other non-current control with the Company was completed

108367942.61499349770.41-78.30%

assets in the current period and the prepayment

for equity transfer made in the same period

of last year was carried forward.Repayment of some short-term borrowings

Short-term borrowings 100115000.00 226779997.01 -55.85%

in the current period

Changes in the fair value of forward forex

Held-for-trading

11207000.00 9367.37 119538.70% settlement contracts as a result of currency

financial liabilities

fluctuations

Advances from

3669227.73 8106923.79 -54.74% Decrease in advances of rentals

customers

Decreased to-be-confirmed output tax in

Other current liabilities 7066719.06 10577082.29 -33.19%

the current period

New long-term borrowings in the current

Long-term borrowings 582680803.81 - N/A

period

Other non-current Decreased liabilities of subsidiary to be

12731.2422653.46-43.80%

liabilities liquidated and de-registered

Combination of NationStar Optoelectronics

Capital reserves 7245971.54 994114567.16 -99.27% under common control in the current

period

Retirement of inventory shares in the

Treasury stock 82165144.15 250600874.54 -67.21%

current period

Sale of some shares held in Gotion High-

Other comprehensive tech and Xiamen Bank and changes in the

502927614.92982972358.89-48.84%

income fair value of shares held in other listed

companies in the current period

Combination of NationStar Optoelectronics

under common control and retirement of

Surplus reserves 86780516.19 741353347.96 -88.29%

inventory shares in the current period

resulting in a charge to surplus reserves

Acquisition of subsidiary Nanning

Liaowang not under common control in Q3

R&D expense 324063907.56 231899315.47 39.74% 2021 and increased R&D investments in

the current period with the expanded R&D

team and more R&D projects

Finance costs -34299371.69 -5923088.86 -479.08% Depreciation of RMB in the current period

Increased interest on borrowings in the

Interest expense 12397846.58 6480947.49 91.30%

current period

Increased dividend income from

investments in other equity instruments and

Return on investment 13670258.81 32722357.86 -58.22%

gains on forward forex settlement contracts

in the current period

Share of profit or loss Increase in net profits of associates

of joint ventures and 985142.24 78184.56 1160.02% attributable to owners of the Company as

associates the parent in the current period

4Foshan Electrical and Lighting Co. Ltd. Third Quarterly Report 2022

Changes in the fair value of forward forex

Gain on changes in fair

-15847302.07 2590690.77 -711.70% settlement contracts as a result of the

value

depreciation of RMB

Credit impairment loss Increased allowance for expected credit

-13144044.00-9463251.76-38.90%

(“-” for loss) loss in the current period

Asset impairment loss Increased inventory valuation allowances

-46002651.36-33834014.12-35.97%

(“-” for loss) in the current period

More assets were disposed of and

Asset disposal income 283064.85 36004773.16 -99.21%

liquidized in the same period of last year

Carryforwards of payables of subsidiary

Non-operating income 10534667.78 7593542.49 38.73% NationStar Optoelectronics that it does not

need to pay in the current period

Increase in losses on the retirement of fixed

Non-operating expense 7371647.57 4088530.59 80.30%

assets in the current period

Net profit attributable

Decreased profits of non-wholly-owned

to non-controlling 101280191.23 146732042.37 -30.98%

subsidiaries in the current period

interests

Differences arising

Increased differences arising from the

from the translation of

translation of the foreign currency-

foreign currency- 658235.31 142181.49 362.95%

denominated financial statements of

denominated financial

Indonesia Liaowang

statements

Other comprehensive

Increased other comprehensive income of

income net of tax

378520.91 209523.04 80.66% non-wholly-owned subsidiaries in the

attributable to non-

current period

controlling interests

Decreased amount of changes in the fair

Total comprehensive

-56716347.59 61876567.35 -191.66% value of investments in other equity

income

instruments in the current period

Total comprehensive

Decreased amount of changes in the fair

income attributable to

-158375059.73 -85064998.06 -86.18% value of investments in other equity

owners of the

instruments in the current period

Company as the parent

Total comprehensive

income attributable to Decreased profits of non-wholly-owned

101658712.14146941565.41-30.82%

non-controlling subsidiaries in the current period

interests

Net cash generated

from/used in operating 544288075.20 439002014.50 23.98% Increased tax and levy rebates received in

activities the current period

More cash generated from investing

Net cash generated

activities in the same period of last year as

from/used in investing -56689738.38 973514806.12 -105.82%

a result of the sale of the Gotion High-tech

activities

shares

Payment for the acquisition of equity

Net cash generated interests in subsidiary NationStar

from/used in financing -828830856.22 -547952912.03 -51.26% Optoelectronics under common control

activities and increased cash used in other financing

activities in the current period

Net increase in cash Decreased net cash generated from

-304740429.41825403569.91-136.92%

and cash equivalents financing activities in the current period

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

5Foshan Electrical and Lighting Co. Ltd. Third Quarterly Report 2022

Number of preference shareholders with resumed

Number of ordinary shareholders 62656 0

voting rights (if any)

Top 10 shareholders

Nature of Shareholdin Total shares Restricted Shares in pledge marked or frozen

Name of shareholder

shareholder g percentage held shares held Status Shares

Hong Kong Wah

Foreign

Shing Holding 13.84% 188496430 In pledge 92363251

corporation

Company Limited

Prosperity Lamps & Foreign

10.79%146934857

Components Limited corporation

Guangdong

Electronics State-owned

9.01% 122694246 In pledge 32532815

Information Industry corporation

Group Ltd.Guangdong Rising

State-owned

Holdings Group Co. 6.10% 83130898

corporation

Ltd.Essence International

Foreign

Securities (Hong 2.65% 36138459

corporation

Kong) Limited

Central Huijin Asset State-owned

2.43%33161800

Management Co. Ltd. corporation

Rising Investment Foreign

1.87%25482252

Development Limited corporation

China Construction

Bank Co. Ltd.-GF

Sci-tech Innovation Other 1.75% 23866078

Mixed Securities

Investment Fund

China Merchants

Foreign

Securities (HK) Co. 1.06% 14479007

corporation

Limited

Foreign

Zhuang Jianyi 0.87% 11903509 8927632

individual

Top 10 unrestricted shareholders

Shares by class

Name of shareholder Unrestricted ordinary shares held

Class Shares

RMB-

Hong Kong Wah Shing Holding

188496430 denominated 188496430

Company Limited

ordinary share

RMB-

Prosperity Lamps & Components

146934857 denominated 146934857

Limited

ordinary share

RMB-

Guangdong Electronics Information

122694246 denominated 122694246

Industry Group Ltd.ordinary share

RMB-

Guangdong Rising Holdings Group

83130898 denominated 83130898

Co. Ltd. ordinary share

Essence International Securities (Hong Domestically

3613845936138459

Kong) Limited listed foreign share

RMB-

Central Huijin Asset Management Co.

33161800 denominated 33161800

Ltd.ordinary share

Rising Investment Development Domestically

2548225225482252

Limited listed foreign share

China Construction Bank Co. Ltd.-GF RMB-

Sci-tech Innovation Mixed Securities 23866078 denominated 23866078

Investment Fund ordinary share

6Foshan Electrical and Lighting Co. Ltd. Third Quarterly Report 2022

China Merchants Securities (HK) Co. Domestically

1447900714479007

Limited listed foreign share

RMB-

Zhang Shaowu 9600050 denominated 9600050

ordinary share

Among the top 10 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 are acting-in-concert parties;

Related or acting-in-concert parties among the

Prosperity Lamps & Components Limited and Zhuang Jianyi are

shareholders above

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)

(II) Number of Preference Shareholders and Shareholdings of Top 10 of Them

□Applicable □ Not applicable

III Other Significant Events

□ Applicable □ Not applicable

1. Retirement of repurchased shares

The Company held the 26th Meeting of the Ninth Board of Directors on 14 January 2022 where the Proposal

on Retirement of Some Shares in the Company's Repurchase Special Securities Account was deliberated and

approved. The Board of Directors agreed to use the repurchased 13 million A shares for the equity incentive

plan. After deducting the 13 million A shares used for the equity incentive plan the remaining 18952995

repurchased A shares and 18398512 repurchased B shares would be retired totaling 37351507 shares. On 8

February 2022 the above-mentioned shares were retired and the total share capital of the Company was

changed from 1399346154 shares to 1361994647 shares.

2. Expropriation of land and above-ground housing of Nanjing Fozhao

The Company held the 24th Meeting of the Ninth Board of Directors on 15 December 2021 where the Proposal

on Expropriation of Land and Above-ground Housing of the Wholly-owned Subsidiary Nanjing Fozhao

Lighting Equipment Manufacturing Co. Ltd. was deliberated and adopted. The Board of Directors agreed that

Nanjing Lishui District People's Government expropriates the land use rights and above-land housing of

7Foshan Electrical and Lighting Co. Ltd. Third Quarterly Report 2022

Nanjing Fozhao Lighting Equipment Manufacturing Co. Ltd. (hereinafter referred to as "Nanjing Fozhao") a

wholly-owned subsidiary of the Company at a compensation amount of RMB183855895 and Nanjing Fozhao

signed an expropriation and compensation agreement with Lishui County House Dismantling Moving &

Resettling Development Co. Ltd. the implementing unit of the housing expropriation. As of 30 September

2022 Nanjing Fozhao has received 30% of the compensation that is RMB55160000.00 and the land use

right certificate and house ownership certificate of the assets involved have been cancelled. As of the date of

this report the site handover is still in progress. After the demolition is completed Nanjing Fozhao will be

liquidated and de-registered.

3. Cancellation of FSL LIGHTING GmbH

On 22 October 2021 the Company held an office meeting of the general manager where the proposal for

cancellation of its wholly-owned subsidiary FSL LIGHTING GmbH was deliberated and adopted. As of the end

of the Reporting Period FSL LIGHTING GmbH is handling the relevant procedures for liquidation and

cancellation.

4. Acquisition of NationStar and Sigma

The Company has completed in February 2022 the major asset restructuring involving the acquisition of a 21.32%

stake held by Rising Group and its acting-in-concert parties in NationStar Optoelectronics. Upon the acquisition

the Company eventually holds a 21.48% interest in NationStar. NationStar and Sigma have become majority-

owned subsidiaries of the Company.IV Quarterly Financial Statements

(I) Financial Statements

1. Consolidated Balance Sheet

Prepared by Foshan Electrical and Lighting Co. Ltd.

30 September 2022

Unit: RMB

Item 30 September 2022 1 January 2022

Current assets:

Monetary assets 2137285739.59 2381911655.35

8Foshan Electrical and Lighting Co. Ltd. Third Quarterly Report 2022

Settlement reserve

Loans to other banks and financial

institutions

Held-for-trading financial assets 31183899.15 348248125.61

Derivative financial assets

Notes receivable 1347357948.72 1690356491.64

Accounts receivable 2001063395.18 1981538844.26

Receivables financing

Prepayments 57740128.94 33474104.32

Premiums receivable

Reinsurance receivables

Receivable reinsurance contract reserve

Other receivables 35814995.83 37523072.02

Including: Interest receivable

Dividends receivable

Financial assets purchased under resale

agreements

Inventories 1862256439.75 1969998988.39

Contract assets 5668421.11 8561303.10

Assets held for sale 17147339.84 23831992.10

Current portion of non-current assets

Other current assets 59527381.88 125675148.17

Total current assets 7555045689.99 8601119724.96

Non-current assets:

Loans and advances to customers

Debt investments

Other debt investments

Long-term receivables

Long-term equity investments 180449874.83 181545123.09

Investments in other equity instruments 868654629.65 1504980024.07

Other non-current financial assets

Investment property 41573970.88 43347824.34

Fixed assets 3371888539.55 3360339910.95

Construction in progress 1091421373.62 1087261052.63

Productive living assets

Oil and gas assets

Right-of-use assets 10530447.88 14126206.08

Intangible assets 362449642.62 368954162.34

Development costs

Goodwill 421831593.46 421831593.46

Long-term prepaid expense 198830364.03 152726512.56

Deferred income tax assets 79107906.67 82261788.58

Other non-current assets 108367942.61 499349770.41

Total non-current assets 6735106285.80 7716723968.51

Total assets 14290151975.79 16317843693.47

Current liabilities:

Short-term borrowings 100115000.00 226779997.01

Borrowings from the central bank

Loans from other banks and financial

institutions

Held-for-trading financial liabilities 11207000.00 9367.37

Derivative financial liabilities

Notes payable 1717566146.98 2067111789.71

Accounts payable 2188080664.24 2429896658.92

Advances from customers 3669227.73 8106923.79

Contract liabilities 157588269.86 140228127.84

Financial assets sold under repurchase

9Foshan Electrical and Lighting Co. Ltd. Third Quarterly Report 2022

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 152420891.65 167784089.64

Taxes and levies payable 69839659.98 90981474.60

Other payables 287395726.21 333128771.81

Including: Interest payable

Dividends payable 15646.07 15646.07

Fees and commissions payable

Reinsurance payables

Liabilities directly associated with

assets held for sale

Current portion of non-current

24512143.4227600186.15

liabilities

Other current liabilities 7066719.06 10577082.29

Total current liabilities 4719461449.13 5502204469.13

Non-current liabilities:

Insurance contract reserve

Long-term borrowings 582680803.81

Bonds payable

Including: Preference shares

Perpetual bonds

Lease liabilities 6693924.84 8065560.58

Long-term payables

Long-term employee benefits payable

Provisions 12421658.34 17418343.01

Deferred income 99249024.50 116761570.35

Deferred income tax liabilities 209430869.21 280172789.59

Other non-current liabilities 12731.24 22653.46

Total non-current liabilities 910489011.94 422440916.99

Total liabilities 5629950461.07 5924645386.12

Owners’ equity:

Share capital 1361994647.00 1399346154.00

Other equity instruments

Including: Preference shares

Perpetual bonds

Capital reserves 7245971.54 994114567.16

Less: Treasury stock 82165144.15 250600874.54

Other comprehensive income 502927614.92 982972358.89

Specific reserve

Surplus reserves 86780516.19 741353347.96

General reserve

Retained earnings 3306087642.79 3119317423.25

Total equity attributable to owners of the

5182871248.296986502976.72

Company as the parent

Non-controlling interests 3477330266.43 3406695330.63

Total owners’ equity 8660201514.72 10393198307.35

Total liabilities and owners’ equity 14290151975.79 16317843693.47

Legal representative: Wu Shenghui Chief Financial Officer: Tang Qionglan

Person-in-charge of the Company’s accounting organ: Liang Yuefei

2. Consolidated Income Statement for Q1~Q3

Unit: RMB

Item Q1~Q3 2022 Q1~Q3 2021

10Foshan Electrical and Lighting Co. Ltd. Third Quarterly Report 2022

1. Revenues 6409681360.22 6015002303.03

Including: Operating revenue 6409681360.22 6015002303.03

Interest income

Insurance premium income

Fee and commission

income

2. Costs and expenses 6036293919.57 5670808399.34

Including: Cost of sales 5268102558.49 5032048114.15

Interest expense

Fee and commission

expense

Surrenders

Net insurance claims paid

Net amount provided as

insurance contract reserve

Expenditure on policy

dividends

Reinsurance premium

expense

Taxes and levies 39068966.75 48389387.74

Selling expense 160803077.83 143631792.54

Administrative expense 278554780.63 220762878.30

R&D expense 324063907.56 231899315.47

Finance costs -34299371.69 -5923088.86

Including: Interest 12397846.58 6480947.49

expense

Interest income 19062005.88 18021856.39

Add: Other income 54824426.95 46893761.05

Return on investment (“-” for loss) 13670258.81 32722357.86

Including: Share of profit or loss 985142.24 78184.56

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 (“-” -15847302.07 2590690.77

for loss)

Credit impairment loss (“-” for -13144044.00 -9463251.76

loss)

Asset impairment loss (“-” for -46002651.36 -33834014.12

loss)

Asset disposal income (“-” for 283064.85 36004773.16

loss)

3. Operating profit (“-” for loss) 367171193.83 419108220.65

Add: Non-operating income 10534667.78 7593542.49

Less: Non-operating expense 7371647.57 4088530.59

4. Gross profit (“-” for loss) 370334214.04 422613232.55

Less: Income tax expense 48301562.77 58471552.88

5. Net profit (“-” for net loss) 322032651.27 364141679.67

5.1 By operating continuity

5.1.1 Net profit from continuing 322032651.27 364141679.67

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 220752460.04 217409637.30

shareholders of the Company as the

parent (“-” for net loss)

5.2.1 Net profit attributable to non- 101280191.23 146732042.37

controlling interests (“-” for net loss)

11Foshan Electrical and Lighting Co. Ltd. Third Quarterly Report 2022

6. Other comprehensive income net of -378748998.86 -302265112.32

tax

Attributable to owners of the -379127519.77 -302474635.36

Company as the parent

6.1 Items that will not be -379785755.08 -302616816.85

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 -379785755.08 -302616816.85

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 658235.31 142181.49

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 658235.31 142181.49

translation of foreign currency-

denominated financial statements

6.2.7 Other

Attributable to non-controlling 378520.91 209523.04

interests

7. Total comprehensive income -56716347.59 61876567.35

7.1 Attributable to owners of the -158375059.73 -85064998.06

Company as the parent

7.2 Attributable to non-controlling 101658712.14 146941565.41

interests

8. Earnings per share

8.1 Basic earnings per share 0.1636 0.1612

8.2 Diluted earnings per share 0.1621 0.1596

Where business combinations under common control occurred in the current period the net profit achieved by

the acquirees before the combinations was RMB9568639.83 with the amount for the same period of last year

being RMB176355795.71.Legal representative: Wu Shenghui Chief Financial Officer: Tang Qionglan

Person-in-charge of the Company’s accounting organ: Liang Yuefei

3. Consolidated Cash Flow Statement for Q1~Q3

Unit: RMB

Item Q1~Q3 2022 Q1~Q3 2021

1. Cash flows from operating activities:

Proceeds from sale of commodities 6056724574.00 6040186380.96

and rendering of services

Net increase in customer deposits and

deposits from other banks and financial

institutions

12Foshan Electrical and Lighting Co. Ltd. Third Quarterly Report 2022

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 185461999.13 114057312.91

Cash generated from other operating 159499633.65 218679801.88

activities

Subtotal of cash generated from 6401686206.78 6372923495.75

operating activities

Payments for commodities and services 4329686928.50 4387640953.37

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 1016973760.65 945074849.27

Taxes and levies paid 261864524.95 260893091.09

Cash used in other operating activities 248872917.48 340312587.52

Subtotal of cash used in operating 5857398131.58 5933921481.25

activities

Net cash generated from/used in 544288075.20 439002014.50

operating activities

2. Cash flows from investing activities:

Proceeds from disinvestment 534902240.66 690576144.98

Return on investment 15331293.58 1028502794.21

Net proceeds from the disposal of fixed 1524973.60 10764267.40

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 551758507.84 1729843206.59

investing activities

Payments for the acquisition of fixed 482988582.91 430741889.34

assets intangible assets and other long-

lived assets

Payments for investments 125459663.31 325586511.13

Net increase in pledged loans granted

Net payments for the acquisition of

subsidiaries and other business units

Cash used in other investing activities

Subtotal of cash used in investing 608448246.22 756328400.47

activities

Net cash generated from/used in -56689738.38 973514806.12

investing activities

13Foshan Electrical and Lighting Co. Ltd. Third Quarterly Report 2022

3. Cash flows from financing activities:

Capital contributions received

Including: Capital contributions by

non-controlling interests to subsidiaries

Borrowings received 724436000.00

Cash generated from other financing 5506572.70 47330746.17

activities

Subtotal of cash generated from 729942572.70 47330746.17

financing activities

Repayment of borrowings 315366200.00 147457301.21

Interest and dividends paid 162323579.94 176704640.21

Including: Dividends paid by 24282863.70 29204491.92

subsidiaries to non-controlling interests

Cash used in other financing activities 1081083648.98 271121716.78

Subtotal of cash used in financing 1558773428.92 595283658.20

activities

Net cash generated from/used in -828830856.22 -547952912.03

financing activities

4. Effect of foreign exchange rates 36492089.99 -39160338.68

changes on cash and cash equivalents

5. Net increase in cash and cash -304740429.41 825403569.91

equivalents

Add: Cash and cash equivalents 1886894463.37 1401525288.07

beginning of the period

6. Cash and cash equivalents end of the 1582154033.96 2226928857.98

period

Legal representative: Wu Shenghui Chief Financial Officer: Tang Qionglan

Person-in-charge of the Company’s accounting organ: Liang Yuefei

(II) 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.Foshan Electrical and Lighting Co. Ltd.Legal representative: Wu Shenghui

27 October 2022

14