粤照明Ｂ(200541):2022年半年度财务报告（英文版）

时间：2022年08月30日 21:12:06 中财网

原标题:粤照明Ｂ:2022年半年度财务报告（英文版）

Foshan Electrical and Lighting Co., Ltd.
The semi-annual financial report 2022


Foshan Electrical and Lighting Co., Ltd. semi-annual financial report of 2022 Foshan Electrical and Lighting Co., Ltd. semi-annual financial report of 2022

Item	30 June 2022	1 January 2022
Current assets:
Monetary assets	1,839,439,636.83	2,381,911,655.35
Settlement reserve
Interbank loans granted
Held-for-trading financial assets	64,068,462.40	348,248,125.61
Derivative financial assets
Notes receivable	1,413,792,273.37	1,690,356,491.64
Accounts receivable	2,186,178,543.84	1,981,538,844.26
Accounts receivable financing
Prepayments	38,244,161.07	33,474,104.32
Premiums receivable
Reinsurance receivables
Receivable reinsurance contract reserve
Other receivables	31,235,165.53	37,523,072.02
Including: Interest receivable
Dividends receivable
Financial assets purchased under resale agreements
Inventories	1,819,669,430.66	1,969,998,988.39
Contract assets	8,089,556.63	8,561,303.10
Assets held for sale	17,147,339.84	23,831,992.10
Current portion of non-current assets
Other current assets	54,343,517.04	125,675,148.17
Total current assets	7,472,208,087.21	8,601,119,724.96
Non-current assets:
Loans and advances to customers
Investments in debt obligations
Investments in other debt obligations
Long-term receivables
Long-term equity investments	180,115,189.99	181,545,123.09
Investments in other equity instruments	1,164,717,479.92	1,504,980,024.07
Other non-current financial assets
Investment property	42,165,255.37	43,347,824.34
Fixed assets	3,337,546,197.41	3,360,339,910.95
Construction in progress	1,094,362,246.23	1,087,261,052.63
Productive living assets
Oil and gas assets
Right-of-use assets	11,363,508.05	14,126,206.08
Intangible assets	364,277,890.38	368,954,162.34
Development costs
Goodwill	421,831,593.46	421,831,593.46
Long-term prepaid expense	174,834,483.73	152,726,512.56
Deferred income tax assets	79,972,630.78	82,261,788.58
Other non-current assets	49,992,676.97	499,349,770.41
Total non-current assets	6,921,179,152.29	7,716,723,968.51
Total assets	14,393,387,239.50	16,317,843,693.47
Current liabilities:
Short-term borrowings	65,115,000.00	226,779,997.01
Borrowings from the central bank
Interbank loans obtained
Held-for-trading financial liabilities	6,544,500.00	9,367.37
Derivative financial liabilities
Notes payable	1,607,406,305.48	2,067,111,789.71
Accounts payable	2,228,681,333.31	2,429,896,658.92
Advances from customers	4,959,545.56	8,106,923.79
Contract liabilities	161,528,315.35	140,228,127.84
Financial assets sold under repurchase agreements
Customer deposits and interbank deposits
Payables for acting trading of securities
Payables for underwriting of securities
Employee benefits payable	140,988,596.59	167,784,089.64
Taxes payable	77,374,922.57	90,981,474.60
Other payables	297,828,933.33	333,128,771.81
Including: Interest payable
Dividends payable	15,646.07	15,646.07
Handling charges and commissions payable
Reinsurance payables
Liabilities directly associated with assets held for sale
Current portion of non-current liabilities	30,383,518.75	27,600,186.15
Other current liabilities	9,952,101.27	10,577,082.29
Total current liabilities	4,630,763,072.21	5,502,204,469.13
Non-current liabilities:
Insurance contract reserve
Long-term borrowings	556,590,467.75
Bonds payable
Including: Preferred shares
Perpetual bonds
Lease liabilities	7,287,442.67	8,065,560.58
Long-term payables
Long-term employee benefits payable
Provisions	18,378,155.88	17,418,343.01
Deferred income	108,223,263.15	116,761,570.35
Deferred income tax liabilities	252,930,119.39	280,172,789.59
Other non-current liabilities	11,334.19	22,653.46
Total non-current liabilities	943,420,783.03	422,440,916.99
Total liabilities	5,574,183,855.24	5,924,645,386.12
Owners’ equity:
Share capital	1,361,994,647.00	1,399,346,154.00
Other equity instruments
Including: Preferred shares
Perpetual bonds
Capital reserves	7,245,971.54	994,114,567.16
Less: Treasury stock	82,165,144.15	250,600,874.54
Other comprehensive income	754,018,430.97	982,972,358.89
Specific reserve
Surplus reserves	86,780,516.19	741,353,347.96
General reserve
Retained earnings	3,245,999,616.02	3,119,317,423.25
Total equity attributable to owners of the Company as the parent	5,373,874,037.57	6,986,502,976.72
Non-controlling interests	3,445,329,346.69	3,406,695,330.63
Total owners’ equity	8,819,203,384.26	10,393,198,307.35
Total liabilities and owners’ equity	14,393,387,239.50	16,317,843,693.47

Legal representative: Wu Shenghui Chief Financial Officer: Tang Qionglan
Person-in-charge of the Company’s accounting organ: Liang Yuefei 2. Balance Sheet of the Company as the Parent
Unit: RMB

Item	30 June 2022	1 January 2022
Current assets:
Monetary assets	424,568,145.97	1,017,365,290.91
Held-for-trading financial assets		304,385,804.11
Derivative financial assets
Notes receivable	66,011,888.67	72,114,026.44
Accounts receivable	1,187,803,897.82	1,058,935,664.33
Accounts receivable financing
Prepayments	10,173,470.35	9,292,256.82
Other receivables	447,027,739.63	511,056,231.24
Including: Interest receivable
Dividends receivable
Inventories	451,972,910.39	617,905,747.50
Contract assets	8,089,556.63	8,561,303.10
Assets held for sale
Current portion of non-current assets
Other current assets	3,364,413.79	36,097,001.14
Total current assets	2,599,012,023.25	3,635,713,325.59
Non-current assets:
Investments in debt obligations
Investments in other debt obligations
Long-term receivables
Long-term equity investments	2,476,746,428.40	1,243,081,889.11
Investments in other equity instruments	1,123,657,619.00	1,474,860,785.15
Other non-current financial assets
Investment property	42,165,255.37	43,347,824.34
Fixed assets	556,849,101.34	576,386,630.08
Construction in progress	159,339,701.41	120,514,314.18
Productive living assets
Oil and gas assets
Right-of-use assets	8,374,369.62	9,827,757.94
Intangible assets	121,933,831.47	123,089,721.51
Development costs
Goodwill
Long-term prepaid expense	30,088,478.45	31,897,595.21
Deferred income tax assets	30,707,247.51	31,373,123.07
Other non-current assets	12,476,726.67	460,618,564.04
Total non-current assets	4,562,338,759.24	4,114,998,204.63
Total assets	7,161,350,782.49	7,750,711,530.22
Current liabilities:
Short-term borrowings		127,596,999.82
Held-for-trading financial liabilities	6,544,500.00
Derivative financial liabilities
Notes payable	302,876,558.69	445,480,718.92
Accounts payable	895,575,614.41	949,520,447.82
Advances from customers	4,571,428.58	6,857,142.86
Contract liabilities	60,532,518.14	64,120,388.15
Employee benefits payable	36,712,883.94	51,520,068.31
Taxes payable	17,175,805.06	57,207,865.54
Other payables	190,933,919.17	223,535,108.76
Including: Interest payable
Dividends payable
Liabilities directly associated with assets held for sale
Current portion of non-current liabilities	2,561,186.34	2,800,876.97
Other current liabilities	6,598,016.36	5,920,593.62
Total current liabilities	1,524,082,430.69	1,934,560,210.77
Non-current liabilities:
Long-term borrowings	336,484,109.53
Bonds payable
Including: Preferred shares
Perpetual bonds
Lease liabilities	5,813,183.28	7,026,880.97
Long-term payables
Long-term employee benefits payable
Provisions
Deferred income
Deferred income tax liabilities	132,200,329.05	173,532,376.03
Other non-current liabilities
Total non-current liabilities	474,497,621.86	180,559,257.00
Total liabilities	1,998,580,052.55	2,115,119,467.77
Owners’ equity:
Share capital	1,361,994,647.00	1,399,346,154.00
Other equity instruments
Including: Preferred shares
Perpetual bonds
Capital reserves	17,742,717.33	22,568,665.93
Less: Treasury stock	82,165,144.15	250,600,874.54
Other comprehensive income	754,235,498.30	984,695,765.83
Specific reserve
Surplus reserves	300,561,517.94	741,353,347.96
Retained earnings	2,810,401,493.52	2,738,229,003.27
Total owners’ equity	5,162,770,729.94	5,635,592,062.45
Total liabilities and owners’ equity	7,161,350,782.49	7,750,711,530.22

Legal representative: Wu Shenghui Chief Financial Officer: Tang Qionglan
Person-in-charge of the Company’s accounting organ: Liang Yuefei 3. Consolidated Income Statement
Unit: RMB

Item	H1 2022	H1 2021
1. Revenue	4,348,268,999.31	3,626,200,260.17
Including: Operating revenue	4,348,268,999.31	3,626,200,260.17
Interest income
Insurance premium income
Handling charge and commission income
2. Costs and expenses	4,084,194,362.54	3,409,104,001.88
Including: Cost of sales	3,588,065,798.35	3,009,499,337.22
Interest expense
Handling charge and commission expense
Surrenders
Net insurance claims paid
Net amount provided as insurance contract reserve
Expenditure on policy dividends
Reinsurance premium expense
Taxes and surcharges	24,369,990.32	22,743,190.88
Selling expense	109,839,926.73	96,772,619.15
Administrative expense	177,742,698.77	139,620,767.72
R&D expense	208,176,593.76	144,120,095.18
Finance costs	-24,000,645.39	-3,652,008.27
Including: Interest expense	6,688,232.76	2,871,203.53
Interest income	12,905,461.82	14,130,946.82
Add: Other income	37,771,447.80	33,569,233.15
Return on investment (“-” for loss)	19,613,744.86	5,493,482.75
Including: Share of profit or loss of joint ventures and associates	650,457.40	37,460.99
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)	-10,766,595.97	1,929,788.30
Credit impairment loss (“-” for loss)	-17,052,498.84	1,681,781.89
Asset impairment loss (“-” for loss)	-23,388,143.98	-23,464,653.80
Asset disposal income (“-” for loss)	82,362.19	1,782,280.34
3. Operating profit (“-” for loss)	270,334,952.83	238,088,170.92
Add: Non-operating income	8,961,693.96	3,948,332.41
Less: Non-operating expense	7,844,063.02	3,694,645.11
4. Profit before tax (“-” for loss)	271,452,583.77	238,341,858.22
Less: Income tax expense	41,141,912.01	43,339,378.75
5. Net profit (“-” for net loss)	230,310,671.76	195,002,479.47
5.1 By operating continuity
5.1.1 Net profit from continuing operations (“-” for net loss)	230,310,671.76	195,002,479.47
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 parent	160,664,433.28	122,377,552.60
5.2.1 Net profit attributable to non-controlling interests	69,646,238.48	72,624,926.87
6. Other comprehensive income, net of tax	-128,025,149.83	-243,003,831.01
Attributable to owners of the Company as the parent	-128,036,703.73	-243,003,831.01
6.1 Items that will not be reclassified to profit or loss	-128,132,332.34	-242,940,301.27
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 instruments	-128,132,332.34	-242,940,301.27
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	95,628.61	-63,529.74
6.2.1 Other comprehensive income that will be reclassified to profit or loss under the equity method
6.2.2 Changes in the fair value of investments in other debt obligations
6.2.3 Other comprehensive income arising from the reclassification of financial assets
6.2.4 Credit impairment allowance for investments in other debt obligations
6.2.5 Reserve for cash flow hedges
6.2.6 Differences arising from the translation of foreign currency-denominated financial statements	95,628.61	-63,529.74
6.2.7 Other
Attributable to non-controlling interests	11,553.90
7. Total comprehensive income	102,285,521.93	-48,001,351.54
Attributable to owners of the Company as the parent	32,627,729.55	-120,626,278.41
Attributable to non-controlling interests	69,657,792.38	72,624,926.87
8. Earnings per share
8.1 Basic earnings per share	0.1191	0.0907
8.2 Diluted earnings per share	0.1180	0.0899

Where business combinations under common control occurred in the current period, the net profit achieved by the acquirees before
the combinations was RMB9,568,639.83, with the amount for the same period of last year being RMB89,810,090.36.
Legal representative: Wu Shenghui Chief Financial Officer: Tang Qionglan
Person-in-charge of the Company’s accounting organ: Liang Yuefei 4. Income Statement of the Company as the Parent
Unit: RMB

Item	H1 2022	H1 2021
1. Operating revenue	1,809,179,992.86	1,797,795,292.73
Less: Cost of sales	1,476,364,107.19	1,485,965,900.74
Taxes and surcharges	10,450,725.11	11,528,913.49
Selling expense	60,671,112.08	58,577,327.98
Administrative expense	65,659,865.20	69,674,599.21
R&D expense	80,982,862.27	66,804,608.38
Finance costs	-11,830,352.67	-3,595,436.39
Including: Interest expense	4,427,927.34
Interest income	3,313,721.07	7,925,093.81
Add: Other income	5,635,099.60	5,739,842.06
Return on investment (“-” for loss)	21,542,755.12	11,964,194.51
Including: Share of profit or loss of joint ventures and associates	650,457.40	37,460.99
Income from the derecognition of financial assets at amortized cost (“-” for loss)
Net gain on exposure hedges (“-” for loss)
Gain on changes in fair value (“-” for loss)	-10,811,400.00	1,940,000.00
Credit impairment loss (“-” for loss)	-9,623,686.25	2,978,976.42
Asset impairment loss (“-” for loss)	-6,552,785.39	-9,907,597.40
Asset disposal income (“-” for loss)		1,781,700.24
2. Operating profit (“-” for loss)	127,071,656.76	123,336,495.15
Add: Non-operating income	-667,333.19	2,012,089.62
Less: Non-operating expense	4,998,457.51	226,124.51
3. Profit before tax (“-” for loss)	121,405,866.06	125,122,460.26
Less: Income tax expense	15,251,135.30	18,362,006.98
4. Net profit (“-” for net loss)	106,154,730.76	106,760,453.28
4.1 Net profit from continuing operations (“-” for net loss)	106,154,730.76	106,760,453.28
4.2 Net profit from discontinued operations (“-” for net loss)
5. Other comprehensive income, net of tax	-129,543,043.34	-242,940,301.27
5.1 Items that will not be reclassified to profit or loss	-129,543,043.34	-242,940,301.27
5.1.1 Changes caused by remeasurements on defined benefit schemes
5.1.2 Other comprehensive income that will not be reclassified to profit or loss under the equity method
5.1.3 Changes in the fair value of investments in other equity instruments	-129,543,043.34	-242,940,301.27
5.1.4 Changes in the fair value
arising from changes in own credit risk
5.1.5 Other
5.2 Items that will be reclassified to profit or loss
5.2.1 Other comprehensive income that will be reclassified to profit or loss under the equity method
5.2.2 Changes in the fair value of investments in other debt obligations
5.2.3 Other comprehensive income arising from the reclassification of financial assets
5.2.4 Credit impairment allowance for investments in other debt obligations
5.2.5 Reserve for cash flow hedges
5.2.6 Differences arising from the translation of foreign currency-denominated financial statements
5.2.7 Other
6. Total comprehensive income	-23,388,312.58	-136,179,847.99
7. Earnings per share
7.1 Basic earnings per share
7.2 Diluted earnings per share

Legal representative: Wu Shenghui Chief Financial Officer: Tang Qionglan
Person-in-charge of the Company’s accounting organ: Liang Yuefei 5. Consolidated Cash Flow Statement
Unit: RMB

Item	H1 2022	H1 2021
1. Cash flows from operating activities:
Proceeds from sale of commodities and rendering of services	4,002,503,578.81	3,946,336,085.43
Net increase in customer deposits and interbank deposits
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, handling charges and commissions received
Net increase in interbank loans obtained
Net increase in proceeds from repurchase transactions
Net proceeds from acting trading of securities
Tax rebates	145,624,893.13	93,570,819.45
Cash generated from other operating activities	119,333,795.35	89,817,744.05
Subtotal of cash generated from operating activities	4,267,462,267.29	4,129,724,648.93
Payments for commodities and services	3,065,999,967.63	2,761,223,153.05
Net increase in loans and advances to customers
Net increase in deposits in the central bank and in interbank loans granted
Payments for claims on original insurance contracts
Net increase in interbank loans granted
Interest, handling charges and commissions paid
Policy dividends paid
Cash paid to and for employees	702,961,459.58	622,589,181.75
Taxes paid	182,912,490.66	122,117,306.79
Cash used in other operating activities	165,553,443.03	177,582,001.14
Subtotal of cash used in operating activities	4,117,427,360.90	3,683,511,642.73
Net cash generated from/used in operating activities	150,034,906.39	446,213,006.20
2. Cash flows from investing activities:
Proceeds from disinvestment	502,992,240.66	315,735,017.52
Return on investment	21,038,833.14	454,878,942.50
Net proceeds from the disposal of fixed assets, intangible assets and other long-lived assets	232,233.41	7,762,670.18
Net proceeds from the disposal of subsidiaries and other business units
Cash generated from other investing activities
Subtotal of cash generated from investing activities	524,263,307.21	778,376,630.20
Payments for the acquisition of fixed assets, intangible assets and other long-lived assets	330,641,926.08	215,505,442.11
Payments for investments	71,695,763.31	29,402,110.68
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 activities	402,337,689.39	244,907,552.79
Net cash generated from/used in investing activities	121,925,617.82	533,469,077.41
3. Cash flows from financing activities:
Capital contributions received
Including: Capital contributions by non-controlling interests to subsidiaries
Borrowings raised	687,436,000.00
Cash generated from other financing activities	53,126,214.00	1,339,606.80
Subtotal of cash generated from financing activities	740,562,214.00	1,339,606.80
Repayment of borrowings	309,876,000.00
Interest and dividends paid	159,400,451.54	36,111,859.97
Including: Dividends paid by subsidiaries to non-controlling interests	23,912,623.05
Cash used in other financing activities	1,062,094,428.42	304,224,485.91
Subtotal of cash used in financing activities	1,531,370,879.96	340,336,345.88
Net cash generated from/used in financing activities	-790,808,665.96	-338,996,739.08
4. Effect of foreign exchange rates changes on cash and cash equivalents	19,953,587.60	-8,764,472.98
5. Net increase in cash and cash equivalents	-498,894,554.15	631,920,871.55
Add: Cash and cash equivalents, beginning of the period	1,886,894,463.37	1,325,464,361.36
6. Cash and cash equivalents, end of the period	1,387,999,909.22	1,957,385,232.91

Legal representative: Wu Shenghui Chief Financial Officer: Tang Qionglan （未完）