Stock Code: 000541, 200541 Stock Name: FSL, FSL-B Announcement No. 2024-050
FOSHAN ELECTRICAL AND LIGHTING CO., LTD.
INTERIM REPORT 2024 (SUMMARY)
Part I Important NotesThis Summary is based on the full Interim Report of Foshan Electrical and Lighting Co., Ltd. (together with itsconsolidated subsidiaries, the “Company”, except where the context otherwise requires). In order for a fullunderstanding of the Company’s operating results, financial condition and future development plans, investorsshould carefully read the aforesaid full text, which has been disclosed together with this Summary on the mediadesignated by the China Securities Regulatory Commission (the “CSRC”).All the Company’s directors have attended the Board meeting for the review of this Report and its summary.Independent auditor’s modified opinion:
□ Applicable ? Not applicable
Board-approved interim cash and/or stock dividend plan for ordinary shareholders:
□ Applicable ? Not applicable
The Company has no interim dividend plan, either in the form of cash or stock.Board-approved interim cash and/or stock dividend plan for preferred shareholders:
□ Applicable ? Not applicable
Part II Key Corporate Information
1. Stock Profile
| Stock name | FSL, FSL-B | Stock code | 000541, 200541 | |
| Stock exchange for stock listing | Shenzhen Stock Exchange | |||
| Contact information | Board Secretary | Securities Representative | ||
| Name | Huang Zhenhuan | Huang Yufen | ||
| Office address | No. 8, Zhihui Road, Chancheng District, Foshan City, Guangdong Province, P.R.China | No. 8, Zhihui Road, Chancheng District, Foshan City, Guangdong Province, P.R.China | ||
| Tel. | （0757）82810239 | （0757）82966028 | ||
| E-mail address | fsldsh@chinafsl.com | fslhyf@163.com | ||
2. Key Financial Information
Indicate by tick mark whether there is any retrospectively restated datum in the table below.? Yes □ NoReason for retrospective restatement:
Other reason
| H1 2024 | H1 2023 | Change (%) | ||
| Before | Restated | Restated | ||
| Operating revenue (RMB) | 4,784,545,767.42 | 4,566,062,729.02 | 4,566,062,729.02 | 4.78% |
| Net profit attributable to the listed company’s shareholders (RMB) | 192,229,182.38 | 168,935,232.54 | 168,935,232.54 | 13.79% |
| Net profit attributable to the listed company’s shareholders before exceptional gains and losses (RMB) | 178,842,912.77 | 180,389,211.53 | 180,914,198.99 | -1.14% |
| Net cash generated from/used in operating activities (RMB) | 384,593,044.61 | 387,869,057.20 | 387,869,057.20 | -0.84% |
| Basic earnings per share (RMB/share) | 0.1252 | 0.1252 | 0.1252 | 0.00% |
| Diluted earnings per share (RMB/share) | 0.1241 | 0.1240 | 0.1240 | 0.08% |
| Weighted average return on equity (%) | 3.02% | 3.23% | 3.23% | -0.21% |
| 30 June 2024 | 31 December 2023 | Change (%) | ||
| Before | Restated | Restated | ||
| Total assets (RMB) | 17,074,410,700.64 | 16,934,439,915.02 | 16,934,439,915.02 | 0.83% |
| Equity attributable to the listed company’s shareholders (RMB) | 6,274,369,252.81 | 6,285,442,808.19 | 6,285,442,808.19 | -0.18% |
Note: The Company has adopted the Explanatory Announcement No. 1 on Information Disclosure forCompanies Offering Their Securities to the Public—Exceptional Gain/Loss Items (Revised in 2023) for thecurrent period, and carried out the relevant retrospective restatements for the same period of last year.
3. Shareholders and Their Holdings as at the End of the Reporting Period
Unit: share
| Number of ordinary shareholders | 72,742 | Number of preferred shareholders with resumed voting rights (if any) | 0 | ||||
| Top 10 shareholders (exclusive of shares lent in refinancing) | |||||||
| Name of shareholder | Nature of shareholder | Shareholding percentage | Number of shares | Restricted shares | Shares in pledge, marked or frozen | ||
| Status | Shares | ||||||
| Hongkong Wah Shing Holding Company Limited | Foreign corporation | 12.52% | 193,915,480 | 0 | N/A | 0 | |
| Prosperity Lamps & Components Limited | Foreign corporation | 9.49% | 146,934,857 | 0 | N/A | 0 | |
| Guangdong Electronics Information Industry Group Ltd. | State-owned corporation | 8.49% | 131,439,546 | 0 | N/A | 0 | |
| Guangdong Rising Holdings Group Co., Ltd. | State-owned corporation | 8.38% | 129,826,793 | 46,695,895 | N/A | 0 |
| Essence International Securities (Hong Kong) Limited | Foreign corporation | 2.50% | 38,645,124 | 0 | N/A | 0 |
| Central Huijin Asset Management Co., Ltd. | State-owned corporation | 2.14% | 33,161,800 | 0 | N/A | 0 |
| Rising Investment Development Limited | Foreign corporation | 1.65% | 25,482,252 | 0 | N/A | 0 |
| Hong Kong Securities Clearing Company Limited | Foreign corporation | 1.36% | 21,004,044 | 0 | N/A | 0 |
| Zhang Shaowu | Domestic individual | 1.10% | 17,000,000 | 0 | N/A | 0 |
| Zhuang Jianyi | Foreign individual | 0.77% | 11,903,509 | 8,927,632 | N/A | 0 |
| Related or acting-in-concert parties among the shareholders above | Among the top 10 shareholders, Hongkong Wah Shing Holding Company Limited, Guangdong Rising Holdings Group Co., Ltd., Guangdong Electronics Information Industry Group Ltd. and Rising Investment Development Limited are acting-in-concert parties; and 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. | |||||
| 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
4. Change of the Controlling Shareholder or the Actual Controller in the Reporting PeriodChange of the controlling shareholder in the Reporting Period:
□ Applicable ? Not applicable
The controlling shareholder remained the same in the Reporting Period.
Change of the actual controller in the Reporting Period:
□ Applicable ? Not applicable
The actual controller remained the same in the Reporting Period.
5. Number of Preferred Shareholders and Shareholdings of Top 10 of Them
□ Applicable ? Not applicable
No preferred shareholders in the Reporting Period.
6. Outstanding Bonds at the Date when this Report Was Authorized for Issue
□ Applicable ? Not applicable
Part III Significant Events
1. On 6 December 2023 and 22 December 2023, the Company respectively held the 49th meeting of the 9thBoard of Directors and the Second Extraordinary General Meeting of 2023, which approved the Proposal onthe Disposal of Assets of the Company and Signing of Reserve Agreement, and agreed that the Company wouldsign the Letter of Intent on Land Reserve with Foshan City Chancheng District Zumiao Street Office, and signthe State-owned Land Use Right Reserve Agreement with Foshan City Chancheng District Land Reserve Centerand Foshan City Chancheng District Zumiao Street Office. After completing the preliminary land preparationwork such as demolition of buildings on the ground in accordance with relevant laws, regulations and policies,the No. 64 Fenjiang North Road land parcel in Chancheng District, Foshan City would be handed over in threeyears batch by batch for pending expropriation. On 1 February 2024, the Company formally signed the State-owned Land Use Right Reserve Agreement with Foshan City Chancheng District Land Reserve Center andFoshan City Chancheng District Zumiao Street Office. The Company would conduct pending expropriation ofLot No. 64, Fenjiang North Road in accordance with the relevant contents of the agreement. The Company willcontinue to follow up on the progress of pending expropriation, and fulfill its information disclosure obligationsin a timely manner in accordance with relevant laws, regulations, and normative documents.
Foshan Electrical and Lighting Co., Ltd.Legal representative: Wan Shan30 August 2024