粤照明Ｂ(200541):2023年半年度财务报告（英文版）

时间：2023年08月29日 23:27:47 中财网

原标题:粤照明Ｂ:2023年半年度财务报告（英文版）

Foshan Electrical and Lighting Co., Ltd.
The semi-annual financial report 2023
Foshan Electrical and Lighting Co., Ltd. semi-annual financial report of 2023 Foshan Electrical and Lighting Co., Ltd. semi-annual financial report of 2023

Item	30 June 2023	1 January 2023
Current assets:
Monetary assets	2,518,177,714.99	2,484,508,907.43
Settlement reserve
Interbank loans granted
Held-for-trading financial assets	81,882,834.67	261,541,896.45
Derivative financial assets
Notes receivable	811,254,925.34	821,537,774.07
Accounts receivable	2,347,099,724.92	1,920,770,941.76
Accounts receivable financing	444,845,917.62	569,868,831.79
Prepayments	41,451,120.26	45,526,548.93
Premiums receivable
Reinsurance receivables
Receivable reinsurance contract reserve
Other receivables	150,403,234.75	32,902,865.98
Including: Interest receivable
Dividends receivable
Financial assets purchased under resale agreements
Inventories	1,646,526,195.36	2,031,637,401.87
Contract assets	5,153,358.98	5,466,875.07
Assets held for sale	17,147,339.84	17,147,339.84
Current portion of non-current assets
Other current assets	173,015,911.64	79,438,576.89
Total current assets	8,236,958,278.37	8,270,347,960.08
Non-current assets:
Loans and advances to customers
Investments in debt obligations
Investments in other debt obligations
Long-term receivables
Long-term equity investments	183,117,824.19	181,931,792.66
Investments in other equity instruments	801,753,621.52	864,191,346.40
Other non-current financial assets
Investment property	43,366,716.49	44,611,882.44
Fixed assets	3,365,628,092.29	3,508,094,282.41
Construction in progress	1,377,403,873.06	1,282,780,335.14
Productive living assets
Oil and gas assets
Right-of-use assets	9,832,756.11	13,047,727.73
Intangible assets	337,814,725.13	340,166,852.37
Development costs
Goodwill	421,831,593.46	421,831,593.46
Long-term prepaid expense	171,879,033.97	190,126,627.91
Deferred income tax assets	94,138,960.42	90,186,993.64
Other non-current assets	76,218,347.75	81,543,512.85
Total non-current assets	6,882,985,544.39	7,018,512,947.01
Total assets	15,119,943,822.76	15,288,860,907.09
Current liabilities:
Short-term borrowings	190,926,526.02	157,715,359.35
Borrowings from the central bank
Interbank loans obtained
Held-for-trading financial liabilities	23,741,475.00	4,679,000.00
Derivative financial liabilities
Notes payable	1,853,353,460.65	1,975,743,568.71
Accounts payable	2,437,263,015.38	2,513,177,458.14
Advances from customers	196,200.00	2,532,442.44
Contract liabilities	131,700,995.68	125,143,161.61
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	162,300,069.89	173,034,152.18
Taxes payable	78,233,220.74	64,295,552.10
Other payables	645,736,648.53	440,230,081.05
Including: Interest payable
Dividends payable	134,915,110.77	15,646.07
Handling charges and commissions payable
Reinsurance payables
Liabilities directly associated with assets held for sale
Current portion of non-current liabilities	63,473,244.52	65,540,510.67
Other current liabilities	136,138,329.46	100,192,681.00
Total current liabilities	5,723,063,185.87	5,622,283,967.25
Non-current liabilities:
Insurance contract reserve
Long-term borrowings	493,362,857.84	747,931,023.71
Bonds payable
Including: Preferred shares
Perpetual bonds
Lease liabilities	6,477,932.48	7,055,542.18
Long-term payables
Long-term employee benefits payable
Provisions	9,518,319.01	9,587,043.31
Deferred income	80,860,487.74	97,078,233.43
Deferred income tax liabilities	196,099,462.78	204,371,264.18
Other non-current liabilities	206,307.09	308,780.61
Total non-current liabilities	786,525,366.94	1,066,331,887.42
Total liabilities	6,509,588,552.81	6,688,615,854.67
Owners’ equity:
Share capital	1,361,994,647.00	1,361,994,647.00
Other equity instruments
Including: Preferred shares
Perpetual bonds
Capital reserves	7,245,971.54	7,245,971.54
Less: Treasury stock	82,165,144.15	82,165,144.15
Other comprehensive income	447,201,368.35	498,141,018.70
Specific reserve
Surplus reserves	91,359,027.15	91,359,027.15
General reserve
Retained earnings	3,330,471,596.34	3,296,435,828.50
Total equity attributable to owners of the Company as the parent	5,156,107,466.23	5,173,011,348.74
Non-controlling interests	3,454,247,803.72	3,427,233,703.68
Total owners’ equity	8,610,355,269.95	8,600,245,052.42
Total liabilities and owners’ equity	15,119,943,822.76	15,288,860,907.09

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 2023	1 January 2023
Current assets:
Monetary assets	681,210,754.40	616,301,656.56
Held-for-trading financial assets		200,565,014.22
Derivative financial assets
Notes receivable	110,657,146.53	130,473,889.36
Accounts receivable	1,086,975,621.84	914,875,676.00
Accounts receivable financing	60,666,671.99	14,127,710.41
Prepayments	7,737,747.01	13,129,004.94
Other receivables	978,598,589.43	511,036,345.72
Including: Interest receivable
Dividends receivable
Inventories	306,898,828.61	475,047,674.61
Contract assets	5,153,358.98	5,466,875.07
Assets held for sale
Current portion of non-current assets
Other current assets	105,373,508.94	9,844,377.83
Total current assets	3,343,272,227.73	2,890,868,224.72
Non-current assets:
Investments in debt obligations
Investments in other debt obligations
Long-term receivables
Long-term equity investments	2,506,749,062.60	2,505,563,031.07
Investments in other equity instruments	761,675,052.72	823,131,485.48
Other non-current financial assets
Investment property	39,800,117.43	40,982,686.40
Fixed assets	555,297,116.18	548,743,031.51
Construction in progress	220,291,866.58	187,318,584.50
Productive living assets
Oil and gas assets
Right-of-use assets	5,813,183.28	6,963,639.23
Intangible assets	95,701,146.70	94,698,330.35
Development costs
Goodwill
Long-term prepaid expense	30,215,256.11	37,118,287.24
Deferred income tax assets	37,984,595.01	31,202,848.92
Other non-current assets	45,361,377.95	48,873,160.34
Total non-current assets	4,298,888,774.56	4,324,595,085.04
Total assets	7,642,161,002.29	7,215,463,309.76
Current liabilities:
Short-term borrowings
Held-for-trading financial liabilities	23,741,475.00	4,679,000.00
Derivative financial liabilities
Notes payable	795,588,488.59	826,037,810.34
Accounts payable	1,285,429,617.40	788,288,700.08
Advances from customers		2,285,714.30
Contract liabilities	73,386,563.67	47,498,783.11
Employee benefits payable	60,341,858.15	49,182,531.44
Taxes payable	30,073,622.90	9,700,312.91
Other payables	417,929,824.40	202,509,326.09
Including: Interest payable
Dividends payable	134,899,464.70
Liabilities directly associated with assets held for sale
Current portion of non-current liabilities	1,427,782.66	1,881,117.79
Other current liabilities	74,912,121.36	88,215,663.53
Total current liabilities	2,762,831,354.13	2,020,278,959.59
Non-current liabilities:
Long-term borrowings		182,912,120.75
Bonds payable
Including: Preferred shares
Perpetual bonds
Lease liabilities	4,385,400.62	5,082,521.44
Long-term payables
Long-term employee benefits payable
Provisions
Deferred income
Deferred income tax liabilities	78,774,921.62	88,165,954.92
Other non-current liabilities
Total non-current liabilities	83,160,322.24	276,160,597.11
Total liabilities	2,845,991,676.37	2,296,439,556.70
Owners’ equity:
Share capital	1,361,994,647.00	1,361,994,647.00
Other equity instruments
Including: Preferred shares
Perpetual bonds
Capital reserves	7,426,635.62	7,426,635.62
Less: Treasury stock	82,165,144.15	82,165,144.15
Other comprehensive income	446,550,316.94	498,788,284.79
Specific reserve
Surplus reserves	322,663,096.39	322,663,096.39
Retained earnings	2,739,699,774.12	2,810,316,233.41
Total owners’ equity	4,796,169,325.92	4,919,023,753.06
Total liabilities and owners’ equity	7,642,161,002.29	7,215,463,309.76

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 2023	H1 2022
1. Revenue	4,566,062,729.02	4,433,331,393.42
Including: Operating revenue	4,566,062,729.02	4,433,331,393.42
Interest income
Insurance premium income
Handling charge and commission income
2. Costs and expenses	4,299,771,626.28	4,165,508,040.62
Including: Cost of sales	3,733,474,828.88	3,654,061,368.03
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	37,443,299.13	25,534,415.81
Selling expense	131,921,130.00	111,269,248.57
Administrative expense	200,946,085.42	186,307,739.44
R&D expense	226,148,905.26	212,572,992.98
Finance costs	-30,162,622.41	-24,237,724.21
Including: Interest expense	14,255,244.44	7,068,335.84
Interest income	24,520,047.73	13,000,154.06
Add: Other income	27,389,992.05	40,797,290.95
Return on investment (“-” for loss)	22,449,570.63	19,613,744.86
Including: Share of profit or loss of joint ventures and associates	1,186,031.53	650,457.40
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)	-22,153,522.56	-10,766,595.97
Credit impairment loss (“-” for loss)	-18,947,421.03	-10,246,248.56
Asset impairment loss (“-” for loss)	-16,390,888.73	-23,341,049.45
Asset disposal income (“-” for loss)	110,475.52	82,362.19
3. Operating profit (“-” for loss)	258,749,308.62	283,962,856.82
Add: Non-operating income	2,440,914.48	8,990,018.61
Less: Non-operating expense	4,780,570.32	7,994,166.62
4. Profit before tax (“-” for loss)	256,409,652.78	284,958,708.81
Less: Income tax expense	31,304,364.49	41,412,077.91
5. Net profit (“-” for net loss)	225,105,288.29	243,546,630.90
5.1 By operating continuity
5.1.1 Net profit from continuing operations (“-” for net loss)	225,105,288.29	243,546,630.90
5.1.2 Net profit from discontinued operations (“-” for net loss)
5.2 By ownership
5.2.1 Net profit attributable to shareholders of the Company as the parent (“-” for net loss)	168,935,232.54	163,528,019.78
5.2.1 Net profit attributable to non- controlling interests (“-” for net loss)	56,170,055.75	80,018,611.12
6. Other comprehensive income, net of tax	-49,800,869.38	-128,025,149.83
Attributable to owners of the Company as the parent	-50,939,650.35	-128,036,703.73
6.1 Items that will not be reclassified to profit or loss	-52,237,967.85	-128,132,332.34
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	-52,237,967.85	-128,132,332.34
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	1,298,317.50	95,628.61
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	1,298,317.50	95,628.61
6.2.7 Other
Attributable to non-controlling interests	1,138,780.97	11,553.90
7. Total comprehensive income	175,304,418.91	115,521,481.07
Attributable to owners of the Company as the parent	117,995,582.19	35,491,316.05
Attributable to non-controlling interests	57,308,836.72	80,030,165.02
8. Earnings per share
8.1 Basic earnings per share	0.1252	0.1212
8.2 Diluted earnings per share	0.1240	0.1201

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: 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 2023	H1 2022
1. Operating revenue	1,767,119,810.22	1,809,179,992.86
Less: Cost of sales	1,475,930,147.80	1,476,364,107.19
Taxes and surcharges	14,118,151.89	10,450,725.11
Selling expense	76,993,414.88	60,671,112.08
Administrative expense	77,700,935.31	65,659,865.20
R&D expense	72,152,520.98	80,982,862.27
Finance costs	-23,728,727.28	-11,830,352.67
Including: Interest expense	3,685,018.81	4,427,927.34
Interest income	7,478,589.21	3,313,721.07
Add: Other income	1,095,070.80	5,635,099.60
Return on investment (“-” for loss)	27,748,972.71	21,542,755.12
Including: Share of profit or loss of joint ventures and associates	1,186,031.53	650,457.40
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)	-23,059,475.00	-10,811,400.00
Credit impairment loss (“-” for loss)	-9,630,073.47	-9,623,686.25
Asset impairment loss (“-” for loss)	-1,814,506.09	-6,552,785.39
Asset disposal income (“-” for loss)
2. Operating profit (“-” for loss)	68,293,355.59	127,071,656.76
Add: Non-operating income	36,865.24	-667,333.19
Less: Non-operating expense	745,254.33	4,998,457.51
3. Profit before tax (“-” for loss)	67,584,966.50	121,405,866.06
Less: Income tax expense	3,301,961.09	15,251,135.30
4. Net profit (“-” for net loss)	64,283,005.41	106,154,730.76
4.1 Net profit from continuing operations (“-” for net loss)	64,283,005.41	106,154,730.76
4.2 Net profit from discontinued operations (“-” for net loss)
5. Other comprehensive income, net of tax	-52,237,967.85	-129,543,043.34
5.1 Items that will not be reclassified to profit or loss	-52,237,967.85	-129,543,043.34
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	-52,237,967.85	-129,543,043.34
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	12,045,037.56	-23,388,312.58
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 2023	H1 2022
1. Cash flows from operating activities:
Proceeds from sale of commodities and rendering of services	3,850,932,261.31	4,073,694,274.24
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	100,132,103.39	145,624,893.13
Cash generated from other operating activities	141,107,593.13	127,521,912.96
Subtotal of cash generated from operating activities	4,092,171,957.83	4,346,841,080.33
Payments for commodities and services	2,663,359,134.35	3,081,521,621.90
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	687,281,073.20	732,832,071.44
Taxes paid	204,166,141.70	184,736,431.09
Cash used in other operating activities	149,496,551.38	170,648,464.89
Subtotal of cash used in operating activities	3,704,302,900.63	4,169,738,589.32
Net cash generated from/used in operating activities	387,869,057.20	177,102,491.01
2. Cash flows from investing activities:
Proceeds from disinvestment	190,981,292.12	502,992,240.66
Return on investment	22,659,407.23	21,038,833.14
Net proceeds from the disposal of fixed assets, intangible assets and other long- lived assets	1,402,000.00	232,233.41
Net proceeds from the disposal of subsidiaries and other business units
Cash generated from other investing activities
Subtotal of cash generated from investing activities	215,042,699.35	524,263,307.21
Payments for the acquisition of fixed assets, intangible assets and other long- lived assets	109,147,876.06	331,071,942.08
Payments for investments	110,000,000.00	71,695,763.31
Net increase in pledged loans granted
Net payments for the acquisition of subsidiaries and other business units
Cash used in other investing activities	360,759.99
Subtotal of cash used in investing activities	219,508,636.05	402,767,705.39
Net cash generated from/used in investing activities	-4,465,936.70	121,495,601.82
3. Cash flows from financing activities:
Capital contributions received
Including: Capital contributions by non-controlling interests to subsidiaries
Borrowings raised	126,598,725.21	687,436,000.00
Cash generated from other financing activities	381,437.71	53,126,214.00
Subtotal of cash generated from financing activities	126,980,162.92	740,562,214.00
Repayment of borrowings	323,893,000.00	342,313,038.15
Interest and dividends paid	160,367,407.65	159,780,554.62
Including: Dividends paid by subsidiaries to non-controlling interests	30,294,736.68	24,282,863.70
Cash used in other financing activities	2,303,428.02	1,062,094,428.42
Subtotal of cash used in financing activities	486,563,835.67	1,564,188,021.19
Net cash generated from/used in financing activities	-359,583,672.75	-823,625,807.19
4. Effect of foreign exchange rates changes on cash and cash equivalents	4,930,576.64	20,245,617.53
5. Net increase in cash and cash equivalents	28,750,024.39	-504,782,096.83
Add: Cash and cash equivalents, beginning of the period	1,945,971,307.26	1,940,209,052.92
6. Cash and cash equivalents, end of the period	1,974,721,331.65	1,435,426,956.09

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