Stock Code: 000541, 200541 Stock Name: FSL, FSL-B Announcement No. 2021-058
FOSHAN ELECTRICAL AND LIGHTING CO., LTD.
INTERIM REPORT 2021 (SUMMARY)Part I Important Notes
This Summary is based on the full text of the Interim Report of Foshan Electrical and Lighting Co., Ltd. (togetherwith its consolidated 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. 64, Fenjiang North Road, Chancheng | No. 64, Fenjiang North Road, Chancheng | ||
| District, Foshan City, Guangdong Province, P.R.China | 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 □ No
Reason for retrospective restatement:
Business combination involving entities under common control.
| H1 2021 | H1 2020 | Change (%) | ||
| Before | Restated | Restated | ||
| Operating revenue (RMB) | 1,955,342,116.20 | 1,522,884,127.04 | 1,522,884,127.04 | 28.40% |
| Net profit attributable to the listed company’s shareholders (RMB) | 110,555,542.93 | 151,061,447.83 | 148,896,274.55 | -25.75% |
| Net profit attributable to the listed company’s shareholders before exceptional gains and losses (RMB) | 98,950,507.51 | 150,434,836.00 | 150,434,836.00 | -34.22% |
| Net cash generated from/used in operating activities (RMB) | 45,779,640.52 | 201,077,703.45 | 206,334,880.07 | -77.81% |
| Basic earnings per share (RMB/share) | 0.0802 | 0.1095 | 0.1080 | -25.74% |
| Diluted earnings per share (RMB/share) | 0.0802 | 0.1095 | 0.1080 | -25.74% |
| Weighted average return on equity (%) | 1.82% | 2.94% | 2.86% | -1.04% |
| 30 June 2021 | 31 December 2020 | Change (%) | ||
| Before | Restated | Restated | ||
| Total assets (RMB) | 8,257,852,503.96 | 8,519,336,914.11 | 8,519,336,914.11 | -3.07% |
| Equity attributable to the listed company’s shareholders (RMB) | 5,910,583,239.23 | 6,263,921,304.54 | 6,263,921,304.54 | -5.64% |
3. Shareholders and Their Holdings as at the End of the Reporting Period
Unit: share
| Number of ordinary shareholders | 72,339 | Number of preferred shareholders with resumed voting rights (if any) | 0 | |||
| Top 10 shareholders | ||||||
| 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 legal person | 13.47% | 188,496,430 | 0 | In pledge | 92,363,251 |
| Prosperity Lamps & Components Limited | Foreign legal person | 10.50% | 146,934,857 | 0 | ||
| Guangdong Electronics Information Industry Group Ltd. | State-owned legal person | 8.77% | 122,694,246 | 0 | In pledge | 32,532,815 |
| Shenzhen Rising Investment Development Co., Ltd. | State-owned legal person | 5.12% | 71,696,136 | 0 | ||
| Essence International Securities (Hong Kong) Co., Ltd. | Foreign legal person | 2.45% | 34,219,384 | 0 | ||
| Central Huijin Asset Management Co., Ltd. | State-owned legal person | 2.42% | 33,878,900 | 0 | ||
| Rising Investment Development Co., Ltd. | Foreign legal person | 1.82% | 25,484,252 | 0 | ||
| China Merchants Securities (Hong Kong) Co., Ltd | State-owned legal person | 1.04% | 14,504,423 | 0 | ||
| Zhuang Jianyi | Foreign natural person | 0.85% | 11,903,509 | 8,927,632 | ||
| DBS VICKERS (HONG KONG) LTD A/C CLIENTS | Foreign legal person | 0.84% | 11,790,873 | 0 | ||
| Related or acting-in-concert parties among the shareholders above | Among the top 10 shareholders, Hongkong Wah Shing Holding Company Limited, Shenzhen Rising Investment Development Co., Ltd., Guangdong Electronics Information Industry Group Ltd. and Rising Investment Development Co., Ltd. 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 | |||||
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
On 23 June 2021, the 14th Meeting of the Ninth Board of Directors of the Company reviewed and passed theProposal on Acquisition of Nanning Liaowang Auto Lamp Co., Ltd., which allowed the Company to acquire theunderlying asset with the equity fund of RMB487.52 million (the total investment does not exceed RMB500 millionand is subject to the actual amount incurred), through equity acquisition, capital increase, and share expansion.Through the acquisition, the Company can utilize its current technology, capacity, and customer channel to exert asynergistic effect of both sides, complement each other's advantages, drive the transformation of its auto lightingbusiness from light sources and modules to supporting manufacturing of auto lamps, strengthen and expand itsauto lighting business, and raise its overall profitability and competitiveness. For further information, see theAnnouncement on Acquisition of Nanning Liaowang Auto Lamp Co., Ltd. published by the Company on Cninfo(www.cninfo.com.cn) on 24 June 2021.As of the date of this Report, the said acquisition has been completed. The Company holds 53.79% of the equityin Nanning Liaowang, which has been included in the Company’s consolidated statements.
Foshan Electrical and Lighting Co., Ltd.
Legal representative: Wu Shenghui25 August 2021