粤照明B:2025年第一季度报告(英文)

查股网  2025-04-25  佛山照明(000541)公司公告

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 theCompany’s Board of Directors hereby guarantee that the contents of this Report are true, accurate and completeand 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 seniormanagement of the Company hereby guarantee that the contents of this Report are true, accurate and completeand free of any misrepresentations, misleading statements or material omissions, and collectively andindividually accept legal responsibility for such contents.

2. The Company’s legal representative, Chief Financial Officer (CFO), and person-in-charge of the Company’saccounting organ (equivalent to accounting manager) hereby guarantee that the financial statements carried inthis 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 ormisunderstandings between the two versions, the Chinese version shall prevail.

I Key Financial Information

(I) Key Accounting Data and Financial IndicatorsIndicate whether there is any retrospectively restated datum in the table below.

□ Yes ? No

Q1 2025Q1 2024YoY change (%)
Operating revenue (RMB)2,145,097,615.852,517,243,351.93-14.78%
Net profit attributable to the listed company’s shareholders (RMB)64,757,120.3983,714,220.74-22.65%
Net profit attributable to the listed company’s shareholders before exceptional gains and losses (RMB)61,595,567.6076,725,491.16-19.72%
Net cash generated from/used in operating activities (RMB)-114,950,715.2277,337,687.93-248.63%
Basic earnings per share (RMB/share)0.04220.0545-22.57%
Diluted earnings per share (RMB/share)0.04200.0541-22.37%
Weighted average return on equity (%)0.98%1.32%-0.34%
31 March 202531 December 2024Change (%)
Total assets (RMB)16,939,495,805.9017,159,763,456.64-1.28%
Equity attributable to the listed company’s shareholders (RMB)6,659,348,493.376,574,304,305.271.29%

(II) Exceptional Gains and Losses? Applicable □ Not applicable

Unit: RMB

ItemQ1 2025Note
Gain or loss on disposal of non-current assets (inclusive of impairment allowance write-offs)17,533.88
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 compliance with government policies, and have a continuing impact on the Company's profit or loss)9,382,215.16
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 effective portion of hedges that is related to the Company's normal business operations)375,197.21
Capital occupation charges on non-financial enterprises that are charged to current gains and losses252,446.60
Reversed portions of impairment allowances for receivables which are tested individually for impairment1,123,114.40
Non-operating income and expense other than the above-638,615.30
Less: Income tax effects1,523,208.50
Non-controlling interests effects (net of tax)5,827,130.66
Total3,161,552.79--

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 theExplanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to thePublic—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

ItemQ1 2025/31 March 2025Q1 2024/31 December 2024Change (%)Main reason for the change
Held-for-trading financial assets67,183,370.1043,649,820.4753.91%Increased purchases of financial management products in the current period
Prepayments32,542,389.9624,419,779.1233.26%Increased of prepaid daily operating expenses in the current period
Contract assets1,126,681.301,690,021.95-33.33%Receipt of customer payments in the current period
Other current assets477,644,018.44261,284,776.8582.81%Purchase of short-term bank’s financial management products in the current period
Held-for-trading financial assets-275,250.00-100.00%Changes in the fair value of forward exchange settlement products as a result of currency fluctuations
Taxes and levies payable54,702,908.80107,085,160.39-48.92%Decreased corporate income tax payable in the current period
ItemQ1 2025/31 March 2025Q1 2024/31 December 2024Change (%)Main reason for the change
Inventory shares-82,165,144.15-100.00%Retirement of inventory shares in the current period
Finance costs-9,580,677.36-14,291,426.5432.96%Decreased currency fluctuations in the current period
Share of profit or loss of joint ventures and associates245,371.68990,924.47-75.24%Decrease in net profits of associates attributable to owners of the Company as the parent in the current period
Gain on changes in fair value352,749.63-466,532.76175.61%Decreased gain on changes in fair value as a result of the transfer of investments in wealth management instruments to return on investment upon maturity
Asset impairment loss (“-” for loss)-12,182,413.52-23,811,074.8948.84%Decreased inventory valuation allowances in the current period
Asset disposal income444.50-99,108.79100.45%Decreased loss on disposal of assets in the current period
Non-operating expense790,444.83-182,989.99531.96%Increased of non operating expenses in the current period and reversal in the same period of last year of loss on damage and retirement of non-current assets that had been previously recognized
Other comprehensive income, net of tax19,149,234.46-11,249,041.00270.23%Increased changes in the fair value of investments in other equity instruments in the current period compared with the same period of last year
Other comprehensive income, net of tax attributable to owners of the Company as the parent19,701,189.72-11,083,756.96277.75%Increased changes in the fair value of investments in other equity instruments in the current period compared with the same period of last year
Changes in the fair value of investments in other equity instruments20,344,368.95-10,891,442.27286.79%Increased changes in the fair value of investments in other equity instruments in the current period compared with the same period of last year
Differences arising from the translation of foreign currency-denominated financial statements-643,179.23-192,314.69-234.44%Fluctuations of the RMB against foreign currencies
Other comprehensive income, net of tax attributable to non-controlling interests-551,955.26-165,284.04-233.94%Fluctuations of the RMB against foreign currencies
Net cash generated from/used in operating activities-114,950,715.2277,337,687.93-248.63%Decreased cash proceeds from sale of goods in the current period
ItemQ1 2025/31 March 2025Q1 2024/31 December 2024Change (%)Main reason for the change
Net cash generated from/used in investing activities-380,551,654.53-846,896,748.4555.07%Purchase of a higher total amount of large depository receipts in the same period of last year
Net cash generated from/used in financing activities-5,735,354.2457,657,087.76-109.95%Higher amount of borrowings received in the same period of last year

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 singleperformance 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" itemshall be credited according to the determined provision, which shall be presented accordingly in the "cost of sales" in the incomestatement and the "other current liabilities", "current portion of non-current liabilities", "provisions" and other items in the balancesheet. The impact of this provision on the financial statements for the first quarter of 2024 is as follows:

Unit: RMB

Consolidated income statement itemQ1 2024 (before)Q1 2024 (restated)Impact
Cost of sales2,056,502,024.362,059,689,553.213,187,528.85
Selling expense83,278,275.6480,090,746.79-3,187,528.85

II Shareholder Information

(I) Numbers of Ordinary Shareholders and Preference Shareholders with Resumed Voting Rights as wellas Holdings of Top 10 Shareholders

Unit: share

Number of ordinary shareholders107,419Number of preference shareholders with resumed voting rights (if any)0
Top 10 shareholders (exclusive of shares lent in refinancing)
Name of shareholderNature of shareholderShareholding percentageTotal shares heldRestricted shares heldShares in pledge, marked or frozen
StatusShares
Hong Kong Wah Shing Holding Company LimitedForeign corporation12.85%197,338,980.000.00N/A0.00
Prosperity Lamps & Components LimitedForeign corporation9.57%146,934,857.000.00N/A0.00
GuangdongState-owned8.61%132,194,246.000.00N/A0.00
Electronics Information Industry Group Ltd.corporation
Guangdong Rising Holdings Group Co., Ltd.State-owned corporation8.45%129,826,793.0046,695,895.00N/A0.00
Central Huijin Asset Management Co., Ltd.State-owned corporation2.16%33,161,800.000.00N/A0.00
SDICS International Securities (Hong Kong) Limited (formerly known as “Essence International Securities (Hong Kong) Limited”)Foreign corporation2.07%31,793,798.000.00N/A0.00
Rising Investment Development LimitedForeign corporation1.66%25,482,252.000.00N/A0.00
Zhang ShaowuDomestic individual1.11%17,000,000.000.00N/A0.00
Zhuang JianyiForeign individual0.78%11,903,509.008,927,632.00N/A0.00
Hong Kong Securities Clearing Company LimitedForeign corporation0.69%10,549,767.000.00N/A0.00
Top 10 unrestricted shareholders (exclusive of shares lent in refinancing and locked shares of executives)
Name of shareholderUnrestricted shares heldShares by class and number
ClassShares
Hong Kong Wah Shing Holding Company Limited197,338,980.00RMB-denominated ordinary share197,338,980.00
Prosperity Lamps & Components Limited146,934,857.00RMB-denominated ordinary share146,934,857.00
Guangdong Electronics Information Industry Group Ltd.132,194,246.00RMB-denominated ordinary share132,194,246.00
Guangdong Rising Holdings Group Co., Ltd.83,130,898.00RMB-denominated ordinary share83,130,898.00
Central Huijin Asset Management Co., Ltd.33,161,800.00RMB-denominated ordinary share33,161,800.00
SDICS International Securities (Hong Kong) Limited (formerly31,793,798.00Domestically listed foreign31,793,798.00
known as “Essence International Securities (Hong Kong) Limited”)share
Rising Investment Development Limited25,482,252.00Domestically listed foreign share25,482,252.00
Zhang Shaowu17,000,000.00RMB-denominated ordinary share17,000,000.00
Hong Kong Securities Clearing Company Limited10,549,767.00RMB-denominated ordinary share10,549,767.00
China Merchants Securities (HK) Co., Limited9,116,991.00Domestically listed foreign share9,116,991.00
Related or acting-in-concert parties among the shareholders aboveAmong 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 are acting-in-concert parties; Prosperity Lamps & Components Limited 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 trading (if any)None

5% or greater shareholders, top 10 shareholders and Top 10 unrestricted shareholders involved in refinancingshares lending

□Applicable ? Not applicable

Changes in top 10 shareholders and top 10 unrestricted shareholders due to refinancing shares lending/returncompared 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 applicableOn 29 November 2024 and 16 December 2024, the Company held the Third Meeting of the 10th Board ofDirectors, the Third Meeting of the 10th Supervisory Committee and the Third Extraordinary General Meetingof Shareholders in 2024, respectively. The meetings reviewed and approved the Proposal on Retirement ofRepurchased Shares and Reduction of Registered Capital, agreeing that the Company will retire the 13 million

A-stock shares deposited in the special securities account for repurchased shares and reduce the Company'sregistered capital accordingly. On 10 January 2025, the Shenzhen Branch of China Securities Depository andClearing Corporation Limited confirmed that the above 13 million A-stock shares have been retired, and theCompany's total share capital has changed from 1,548,778,230 shares to 1,535,778,230 shares. For details,please see the Announcement on Completion of Retirement of Repurchased Shares and Change of Sharesdisclosed 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

Item31 March 20251 January 2025
Current assets:
Monetary assets2,706,415,406.443,209,127,437.31
Settlement reserve
Loans to other banks and financial institutions
Held-for-trading financial assets67,183,370.1043,649,820.47
Derivative financial assets
Notes receivable831,793,256.95997,281,070.21
Accounts receivable2,326,196,723.052,125,667,291.96
Receivables financing379,728,171.75352,694,866.89
Prepayments32,542,389.9624,419,779.12
Premiums receivable
Reinsurance receivables
Receivable reinsurance contract reserve
Other receivables71,997,518.5270,524,265.25
Including: Interest receivable
Dividends receivable
Financial assets purchased under resale agreements
Inventories1,971,531,778.322,025,499,361.38
Including: data resources
Contract assets1,126,681.301,690,021.95
Assets held for sale17,147,339.8417,147,339.84
Current portion of non-current assets
Other current assets477,644,018.44261,284,776.85
Total current assets8,883,306,654.679,128,986,031.23
Non-current assets:
Loans and advances to customers
Debt investments
Item31 March 20251 January 2025
Other debt investments1,147,640,021.231,140,022,863.72
Long-term receivables
Long-term equity investments180,545,966.57180,300,594.89
Investments in other equity instruments750,598,165.13726,663,613.42
Other non-current financial assets
Investment property808,207,352.88793,487,046.02
Fixed assets3,580,652,925.553,646,594,206.04
Construction in progress232,728,688.57263,601,705.89
Productive living assets
Oil and gas assets
Right-of-use assets21,248,669.5722,342,999.34
Intangible assets387,147,679.93388,587,348.99
Including: data resources
Development costs
Including: data resources
Goodwill279,438,540.78279,438,540.78
Long-term prepaid expense272,785,312.04253,024,495.82
Deferred income tax assets137,408,950.45135,948,224.91
Other non-current assets257,786,878.53200,765,785.59
Total non-current assets8,056,189,151.238,030,777,425.41
Total assets16,939,495,805.9017,159,763,456.64
Current liabilities:
Short-term borrowings274,472,336.09307,141,147.49
Borrowings from the central bank
Loans from other banks and financial institutions
Held-for-trading financial liabilities275,250.00
Derivative financial liabilities
Notes payable1,885,311,833.391,930,784,817.62
Accounts payable2,614,659,395.102,781,965,096.70
Advances from customers13,529,409.9413,531,474.15
Contract liabilities127,081,218.76119,506,301.48
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 payable153,911,800.08214,651,088.46
Taxes and levies payable54,702,908.80107,085,160.39
Other payables461,776,334.10495,717,050.97
Including: Interest payable
Dividends payable
Fees and commissions payable
Reinsurance payables
Liabilities directly associated with assets held for sale
Current portion of non-current liabilities121,076,111.04120,574,788.81
Other current liabilities409,512,763.53377,156,212.40
Total current liabilities6,116,034,110.836,468,388,388.47
Non-current liabilities:
Item31 March 20251 January 2025
Insurance contract reserve
Long-term borrowings222,387,200.43222,581,930.54
Bonds payable
Including: Preference shares
Perpetual bonds
Lease liabilities14,643,795.2315,023,993.11
Long-term payables
Long-term employee benefits payable
Provisions35,337,634.2127,430,683.82
Deferred income89,816,417.0573,739,179.94
Deferred income tax liabilities186,998,011.80185,921,269.29
Other non-current liabilities177,917.63177,917.63
Total non-current liabilities549,360,976.35524,874,974.33
Total liabilities6,665,395,087.186,993,263,362.80
Owners’ equity:
Share capital1,535,778,230.001,548,778,230.00
Other equity instruments
Including: Preference shares
Perpetual bonds
Capital reserves845,171,181.51914,336,325.66
Less: Treasury stock82,165,144.15
Other comprehensive income403,130,344.74383,429,155.02
Specific reserve5,367,939.194,782,061.20
Surplus reserves150,097,522.97150,097,522.97
General reserve
Retained earnings3,719,803,274.963,655,046,154.57
Total equity attributable to owners of the Company as the parent6,659,348,493.376,574,304,305.27
Non-controlling interests3,614,752,225.353,592,195,788.57
Total owners’ equity10,274,100,718.7210,166,500,093.84
Total liabilities and owners’ equity16,939,495,805.9017,159,763,456.64

Legal representative: Wan Shan Chief Financial Officer: Tang QionglanPerson-in-charge of the Company’s accounting organ: Li Yizhi

2. Consolidated Income Statement

Unit: RMB

ItemQ1 2025Q1 2024
1. Revenues2,145,097,615.852,517,243,351.93
Including: Operating revenue2,145,097,615.852,517,243,351.93
Interest revenue
Insurance premium income
Fee and commission income
2. Costs and expenses2,056,892,022.732,386,645,489.59
Including: Cost of sales1,724,777,902.132,059,689,553.21
Interest costs
Fee and commission expense
Surrenders
Net insurance claims paid
ItemQ1 2025Q1 2024
Net amount provided as insurance contract reserve
Expenditure on policy dividends
Reinsurance premium expense
Taxes and levies15,693,648.6218,361,206.30
Selling expense86,338,594.0580,090,746.79
Administrative expense112,221,955.49112,552,598.62
R&D expense127,440,599.80130,242,811.21
Finance costs-9,580,677.36-14,291,426.54
Including: Interest costs3,748,523.114,840,250.34
Interest revenue10,735,162.9312,831,299.72
Add: Other income24,274,999.4027,748,471.98
Return on investment (“-” for loss)8,680,242.378,290,925.60
Including: Share of profit or loss of joint ventures and associates245,371.68990,924.47
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 (“-” for loss)352,749.63-466,532.76
Credit impairment loss (“-” for loss)-9,452,922.19-11,578,477.05
Asset impairment loss (“-” for loss)-12,182,413.52-23,811,074.89
Asset disposal income (“-” for loss)444.50-99,108.79
3. Operating profit (“-” for loss)99,878,693.31130,682,066.43
Add: Non-operating income168,918.91217,620.55
Less: Non-operating expense790,444.83-182,989.99
4. Profit before tax (“-” for loss)99,257,167.39131,082,676.97
Less: Income tax expense11,963,881.3315,957,470.97
5. Net profit (“-” for net loss)87,293,286.06115,125,206.00
5.1 By operating continuity
5.1.1 Net profit from continuing operations (“-” for net loss)87,293,286.06115,125,206.00
5.1.2 Net profit from discontinued operations (“-” for net loss)
5.2 By ownership
5.2.1 Net profit attributable to owners of the Company as the parent64,757,120.3983,714,220.74
5.2.1 Net profit attributable to non-controlling interests22,536,165.6731,410,985.26
6. Other comprehensive income, net of tax19,149,234.46-11,249,041.00
Attributable to owners of the Company as the parent19,701,189.72-11,083,756.96
ItemQ1 2025Q1 2024
6.1 Items that will not be reclassified to profit or loss20,344,368.95-10,891,442.27
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 investments in other equity instruments20,344,368.95-10,891,442.27
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 profit or loss-643,179.23-192,314.69
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-denominated financial statements-643,179.23-192,314.69
6.2.7 Other
Attributable to non-controlling interests-551,955.26-165,284.04
7. Total comprehensive income106,442,520.52103,876,165.00
Attributable to owners of the Company as the parent84,458,310.1172,630,463.78
Attributable to non-controlling interests21,984,210.4131,245,701.22
8. Earnings per share
8.1 Basic earnings per share0.04220.0545
8.2 Diluted earnings per share0.04200.0541

Where business combinations under common control occurred in the current period, the net profit achieved by the acquirees beforethe 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 QionglanPerson-in-charge of the Company’s accounting organ: Li Yizhi

3. Consolidated Cash Flow Statement

Unit: RMB

ItemQ1 2025Q1 2024
1. Cash flows from operating activities:
ItemQ1 2025Q1 2024
Proceeds from sale of commodities and rendering of services1,840,468,719.362,069,241,779.07
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 rebates42,324,289.0341,874,360.02
Cash generated from other operating activities56,271,518.7274,500,446.97
Subtotal of cash generated from operating activities1,939,064,527.112,185,616,586.06
Payments for commodities and services1,427,759,982.921,559,871,489.82
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 employees422,878,320.24390,430,757.95
Taxes and levies paid102,669,682.3844,761,183.74
Cash used in other operating activities100,707,256.79113,215,466.62
Subtotal of cash used in operating activities2,054,015,242.332,108,278,898.13
Net cash generated from/used in operating activities-114,950,715.2277,337,687.93
2. Cash flows from investing activities:
Proceeds from disinvestment73,621,911.11180,000,000.00
Return on investment615,512.981,746,539.59
Net proceeds from the disposal of200.0029,708.48
ItemQ1 2025Q1 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 investing activities74,237,624.09181,776,248.07
Payments for the acquisition of fixed assets, intangible assets and other long-lived assets107,051,778.6289,672,996.52
Payments for investments347,500,000.00939,000,000.00
Net increase in pledged loans granted
Net payments for the acquisition of subsidiaries and other business units
Cash used in other investing activities237,500.00
Subtotal of cash used in investing activities454,789,278.621,028,672,996.52
Net cash generated from/used in investing activities-380,551,654.53-846,896,748.45
3. Cash flows from financing activities:
Capital contributions received
Including: Capital contributions by non-controlling interests to subsidiaries
Borrowings received29,211,392.5687,057,389.10
Cash generated from other financing activities28,051,987.3427,046,956.73
Subtotal of cash generated from financing activities57,263,379.90114,104,345.83
Repayment of borrowings48,017,316.0050,829,326.00
Interest and dividends paid2,753,062.863,630,486.09
Including: Dividends paid by subsidiaries to non-controlling interests
Cash used in other financing activities12,228,355.281,987,445.98
Subtotal of cash used in financing activities62,998,734.1456,447,258.07
Net cash generated from/used in financing activities-5,735,354.2457,657,087.76
4. Effect of foreign exchange rates changes on cash and cash equivalents1,727,522.776,218,150.73
5. Net increase in cash and cash equivalents-499,510,201.22-705,683,822.03
Add: Cash and cash equivalents, beginning of the period2,684,382,020.413,101,252,943.88
6. Cash and cash equivalents, end of the period2,184,871,819.192,395,569,121.85

Legal representative: Wan Shan Chief Financial Officer: Tang QionglanPerson-in-charge of the Company’s accounting organ: Li Yizhi

(II) Adjustments to Financial Statement Items at the Beginning of the Year of the First Implementationof the New Accounting Standards Implemented since 2025

□ Applicable ? Not applicable

(III) Independent Auditor’s ReportIndicate 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 DirectorsFoshan Electrical and Lighting Co., Ltd.

23 April 2025


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