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Stock Code: 000541, 200541 Stock Name: FSL, FSL-B Announcement No. 2022-055
FOSHAN ELECTRICAL AND LIGHTING CO., LTD.
INTERIM REPORT 2022 (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. 64, Fenjiang North Road, Chancheng District, Foshan City, Guangdong Province, P.R.China | No. 64, Fenjiang North Road, Chancheng District, Foshan City, Guangdong Province, P.R.China | ||
| Tel. | （0757）82810239 | （0757）82966028 | ||
| E-mail address | fsldsh@chinafsl.com | fslhyf@163.com | ||
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2. Key Financial Information
Indicate by tick mark whether there is any retrospectively restated datum in the table below.? Yes □ NoReason for retrospective restatement:
Business combination involving entities under common control.
| H1 2022 | H1 2021 | Change (%) | ||
| Before | Restated | Restated | ||
| Operating revenue (RMB) | 4,348,268,999.31 | 1,955,342,116.20 | 3,626,200,260.17 | 19.91% |
| Net profit attributable to the listed company’s shareholders (RMB) | 160,664,433.28 | 110,555,542.93 | 122,377,552.60 | 31.29% |
| Net profit attributable to the listed company’s shareholders before exceptional gains and losses (RMB) | 160,862,524.18 | 98,950,507.51 | 91,188,366.07 | 76.41% |
| Net cash generated from/used in operating activities (RMB) | 150,034,906.39 | 45,779,640.52 | 446,213,006.20 | -66.38% |
| Basic earnings per share (RMB/share) | 0.1191 | 0.0820 | 0.0907 | 31.31% |
| Diluted earnings per share (RMB/share) | 0.1180 | 0.0812 | 0.0899 | 31.26% |
| Weighted average return on equity (%) | 2.68% | 1.82% | 1.69% | 0.99% |
| 30 June 2022 | 31 December 2021 | Change (%) | ||
| Before | Restated | Restated | ||
| Total assets (RMB) | 14,393,387,239.50 | 9,699,592,528.61 | 16,317,843,693.47 | -11.79% |
| Equity attributable to the listed company’s shareholders (RMB) | 5,373,874,037.57 | 5,800,558,588.34 | 6,986,502,976.72 | -23.08% |
3. Shareholders and Their Holdings as at the End of the Reporting Period
Unit: share
| Number of ordinary shareholders | 68,196 | 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 | 13.84% | 188,496,430 | In pledge | 92,363,251 | ||
| Prosperity Lamps & Components Limited | Foreign legal person | 10.89% | 146,934,857 | ||||
| Guangdong Electronics Information Industry Group Ltd. | State-owned legal person | 9.01% | 122,694,246 | In pledge | 32,532,815 | ||
| Guangdong Rising Holdings Group Co., Ltd. | State-owned legal person | 6.10% | 83,130,898 | ||||
| Essence International Securities (Hong Kong) Co., Ltd. | Foreign legal person | 2.65% | 36,138,459 | ||||
| Central Huijin Asset | State-owned | 2.43% | 33,161,800 | ||||
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| Management Co., Ltd. | legal person | |||||
| Rising Investment Development Limited | Foreign legal person | 1.87% | 25,482,252 | |||
| China Merchants Securities (Hong Kong) Co., Ltd | State-owned legal person | 1.06% | 14,448,307 | |||
| Zhuang Jianyi | Foreign natural person | 0.87% | 11,903,509 | 8,927,632 | ||
| DBS VICKERS (HONG KONG) LTD A/C CLIENTS | Foreign legal person | 0.72% | 9,744,456 | |||
| 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 | |||||
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 ThemNo 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. Retirement of shares
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The Company held the 26th Meeting of the Ninth Board of Directors on 14 January 2022, where the Proposalon Retirement of Some Shares in the Company's Repurchase Special Securities Account was deliberated andapproved. The Board of Directors agreed to use the repurchased 13 million A shares for the equity incentiveplan. After deducting the 13 million A shares used for the equity incentive plan, the remaining 18,952,995repurchased A shares and 18,398,512 repurchased B shares would be retired, totalling 37,351,507 shares. On 8February 2022, the above-mentioned shares were retired, and the total share capital of the Company waschanged from 1,399,346,154 shares to 1,361,994,647 shares.
2. Acquisition of NationStar
The Company held the 19th meeting of the ninth Board of Directors and the Third Extraordinary GeneralMeeting of Shareholders for the year 2021 on 27 October 2021 and 31 December 2021, respectively, where the“Report on Major Asset Purchase and Related Party Trading (Draft) and Its Summary” and other proposalsrelated to this trading was deliberated and adopted. It was agreed that the Company will purchase, at the price ofRMB1.517 billion in cash, a 21.32% interest held by Rising Group and its acting-in-concert parties inNationStar. As of February 2022, the ownership transfer had been completed with respect to the aforesaidinterest, and the Company had paid the consideration in full. Currently, the Company and its subsidiariescombined hold 132,819,895 shares (or 21.48%) of NationStar, making the Company the controlling shareholderof NationStar.
Wu Shenghui, legal representative
Foshan Electrical and Lighting Co., Ltd.
30 August 2022