1公司发布2026年三季报，前三季度营收61.29亿元，同比下降6.17%；
2归母净利润5264万元，同比大幅下降62.67%；
3扣非净利润仅1069万元，同比下滑91.24%。
4Q3单季归母净利1094万元，同比降57.95%，扣非净利亏损1256万元。
5业绩下滑主因子公司国星光电计提存货跌价准备增加及汇兑损失。
6经营现金流净额3459万元，同比减少15.9%。
7前十大股东结构稳定，无重大变动。
粤照明Ｂ：2026年三季度报告（英文版）
摘要
文本
Stock Code: 000541, 200541 Stock Name: FSL, FSL-B Announcement No. 2026-043
FOSHAN ELECTRICALAND LIGHTING CO., LTD. THIRD QUARTERLY REPORT 2026
|Foshan Electrical and Lighting Co., Ltd. (hereinafter referred to as the “Company”) and all the members of the Company’s Board of Directors hereby guarantee that the contents of this Report are true, accurate and complete and free of any misrepresentations, misleading statements or material omissions.
|
|---|
Important Notes:
- 1. The Board of Directors as well as the directors and senior management of the Company hereby guarantee that the contents of this Report are true, accurate and complete and free of any misrepresentations, misleading statements or material omissions, and collectively and individually accept legal responsibility for such contents.
- 2. The Company’s legal representative, person in charge of accounting work, and person in charge of the accounting department (accounting supervisor) hereby guarantee that the Financial Statements carried in this Report are factual, accurate and complete.
- 3. Indicate whether the financial statements in this Report have been audited by an independent auditor.
□ Yes No
- 4. This Report has been prepared in both Chinese and English. Should there be any discrepancies or misunderstandings between the two versions, the Chinese version shall prevail.
I Key Financial Information
(I) Key Accounting Data and Financial Indicators
Indicate whether there is any retrospectively restated datum in the table below.
□ Yes No
| Q3 2026 | YoY change (%) | Q1-Q3 2026 | YoY change (%) | |
|---|---|---|---|---|
| Operating revenue (RMB) | 2,033,816,793.79 | -5.25% | 6,128,921,564.22 | -6.17% |
| Net profit attributable to the listed company’s shareholders (RMB) | 10,937,286.54 | -57.95% | 52,642,926.92 | -62.67% |
| Net profit attributable to the listed company’s shareholders before exceptional gains and losses (RMB) | -12,563,800.40 | -178.78% | 10,690,547.40 | -91.24% |
| Net cash generated from/used in operating activities (RMB) | — | — | 34,593,247.37 | -15.90% |
| Basic earnings per share (RMB/share) | 0.0071 | -57.99% | 0.0343 | -62.64% |
| Diluted earnings per share (RMB/share) | 0.0071 | -57.99% | 0.0343 | -62.60% |
| Weighted average return on equity (%) | 0.16% | -0.25% | 0.77% | -1.35% |
| September 30, 2026 | December 31, 2025 | Change (%) | ||
| Total assets (RMB) | 16,295,078,719.75 | 17,167,245,635.67 | -5.08% | |
| Equity attributable to the listed company’s shareholders (RMB) | 6,785,386,011.61 | 6,834,820,501.84 | -0.72% |
(II) Exceptional Gains and Losses
Applicable □ Not applicable
Unit: RMB
| Item | Q3 2026 | Q1-Q3 2026 | Note |
|---|---|---|---|
| Gain or loss on disposal of non-current assets (inclusive of impairment allowance write-offs) | 1,391,261.59 | 4,232,767.48 | |
| Government grants recognized in profit or loss (exclusive of those that are closely related to the Company's normal business operations and given in accordance with defined criteria and in compliance with government policies, and have a continuing impact on the Company's profit or loss) | 11,470,560.88 | 31,518,741.91 | |
| Gain or loss on fair-value changes in financial assets and liabilities held by a nonfinancial enterprise, as well as on disposal of financial assets | 644,515.15 | -466,419.63 |
| and liabilities (exclusive of the effective portion of hedges that is related to the Company's normal business operations) | |||
|---|---|---|---|
| Capital occupation charges on non-financial enterprises that are charged to current gains and losses | 103,433.01 | 743,735.05 | |
| Reversed portions of impairment allowances for receivables which are tested individually for impairment | 794,137.16 | 1,794,695.91 | |
| Gain or loss on debt restructuring | 2,612,485.05 | ||
| Non-operating income and expense other than the above | 34,566,787.11 | 43,443,143.97 | |
| Less: Income tax effects | 7,277,556.79 | 12,741,764.72 | |
| Non-controlling interests effects (net of tax) | 18,192,051.17 | 29,185,005.50 | |
| Total | 23,501,086.94 | 41,952,379.52 | -- |
Other items that meet the definition of exceptional gain/loss:
- □Applicable Not applicable
No such cases in the Reporting Period.
Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item listed in the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Exceptional Gain/Loss Items:
- □Applicable Not applicable No such cases in the Reporting Period.
(III) Changes in Key Financial Statement Line Items and Explanation of why
Applicable □ Not applicable
Unit: RMB
| Item | Q1-Q3 2026/ September 30, 2026 | Q1-Q3 2025/ December 31, 2025 | Change (%) | Main reason for the change |
|---|---|---|---|---|
| Monetary assets | 2,394,270,106.82 | 3,455,743,091.17 | -30.72% | Purchase of large-denomination certificates of deposit and term deposits during the period |
| Other receivables | 56,019,853.73 | 82,678,537.89 | -32.24% | Receipt of inter-fund payments during the period |
| Contract assets | 211,890.13 | 450,672.52 | -52.98% | Receipt of customer payments during the period |
| Current portion of non-current assets | 1,044,572,389.70 | 429,862,721.67 | 143.00% | Reclassification of large-denomination certificates of deposit under other debt investments during the period that have a term of over one year but will mature within one year |
| Other current assets | 712,306,245.12 | 221,586,381.03 | 221.46% | Purchase of large-denomination certificates of deposit and term deposits during the period |
| Item | Q1-Q3 2026/ September 30, 2026 | Q1-Q3 2025/ December 31, 2025 | Change (%) | Main reason for the change |
|---|---|---|---|---|
| Other debt investments | 41,742,033.11 | 720,083,694.31 | -94.20% | Reclassification of large-denomination certificates of deposit under other debt investments during the period that have a term of over one year but will mature within one year |
| Advances from customers | 1,722,309.19 | 328,004.34 | 425.09% | Receipt of advance proceeds from land disposal during the period |
| Taxes and levies payable | 60,338,522.47 | 91,181,551.13 | -33.83% | Payment of income tax payable during the period |
| Current portion of non-current liabilities | 197,427,305.71 | 131,296,264.00 | 50.37% | Reclassification of borrowings that have a term of over one year but will mature within one year |
| Long-term borrowings | 99,403,397.24 | 192,915,075.78 | -48.47% | Repayment of bank borrowings and reclassification of borrowings that have a term of over one year but will mature within one year during the period |
| Specific reserve | 5,500,892.70 | 3,436,494.07 | 60.07% | Increase in the balance of work safety expenses accrued in accordance with the prescribed ratio under the Measures for the Extraction and Use of Enterprise Work Safety Expenses (Cai Zi [2022] No. 136) |
| Finance costs | 21,745,699.72 | -17,863,301.69 | 221.73% | Currency fluctuations during the period |
| Gain on changes in fair value | -1,203,239.63 | 1,376,438.86 | -187.42% | Changes in the fair value of forward foreign exchange settlement products arising from currency fluctuations |
| Asset impairment loss | -57,143,200.78 | -38,950,356.92 | -46.71% | An increase of RMB21.8683 million in the inventory valuation allowances accrued by subsidiary NationStar Optoelectronics during the period |
| Asset disposal income | 4,062,197.79 | 2,985,690.65 | 36.06% | Gain on the disposal of non-current assets during the period |
| Non-operating income | 45,753,931.89 | 2,470,572.42 | 1751.96% | Write-off of accounts payable no longer payable and an increase in penalty income during the period |
| Changes in the fair value of investments in other equity instruments | -21,452,084.62 | 181,967,425.64 | -111.79% | Decreased changes in the fair value of investments in other equity instruments in the period compared with the same period of last year |
| Differences arising from the translation of foreign currencydenominated financial statements | -5,795,831.91 | -1,011,491.93 | -473.00% | Currency fluctuations during the period |
| Net cash generated from/used in investing activities | -640,346,678.78 | -138,945,796.94 | -360.86% | Purchase of large-denomination CDs and term deposits of RMB849 million during the period. Such fund operations are part of the Company’s routine cash management activities and will not have a material impact on daily production and operation. |
| Net increase in cash and cash equivalents | -928,102,356.37 | -453,225,170.57 | -104.78% | Purchase of large-denomination CDs and term deposits of RMB849 million during the period |
II Shareholder Information
i. Numbers of Ordinary Shareholders and Preference Shareholders with Resumed Voting Rights as well as Holdings of Top 10 Shareholders
Unit: share
| Number of ordinary shareholders at the period-end | 73,903 | Number of preference shareholders with resumed voting rights at the period-end (if any) | 0 |
|---|---|---|---|
| Top 10 shareholders (exclusive of shares lent in refinancing) |
| Name of shareholder | Nature of shareholder | Shareholding percentage | Total shares held | Restricted shares held | Shares in pledge, marked or frozen | |
|---|---|---|---|---|---|---|
| Status | Shares | |||||
| Hong Kong Wah Shing Holding Company Limited | Overseas corporation | 12.85% | 197,338,980 | 0 | N/A | 0 |
| Prosperity Lamps & Components Limited | Overseas corporation | 9.57% | 146,934,857 | 0 | N/A | 0 |
| Guangdong Electronics Information Industry Group Ltd. | State-owned corporation | 9.35% | 143,623,846 | 0 | N/A | 0 |
| Guangdong Rising Holdings Group Co., Ltd. | State-owned corporation | 8.45% | 129,826,793 | 0 | N/A | 0 |
| SDIC Securities (Hong Kong) Limited | Overseas corporation | 1.69% | 25,981,530 | 0 | N/A | 0 |
| Rising Investment Development Limited | Overseas corporation | 1.66% | 25,482,252 | 0 | N/A | 0 |
| Zhang Shaowu | Domestic individual | 1.11% | 17,000,000 | 0 | N/A | 0 |
| Zhuang Jianyi | Overseas individual | 0.78% | 11,903,509 | 8,927,632 | N/A | 0 |
| Zhu Shangming | Domestic individual | 0.44% | 6,780,000 | 0 | N/A | 0 |
| Hong Kong Securities Clearing Company Limited | Overseas corporation | 0.41% | 6,223,027 | 0 | N/A | 0 |
| Top 10 unrestricted shareholders (exclusive of shares lent in refinancing and locked shares of executives) | ||||||
| Name of shareholder | Unrestricted shares held | Shares by class | ||||
| Class | Shares | |||||
| Hong Kong Wah Shing Holding Company Limited | 197,338,980 | RMBdenominated ordinary stock | 188,496,430 | |||
| Domestically listed overseas stock | 8,842,550 | |||||
| Prosperity Lamps & Components Limited | 146,934,857 | RMBdenominated ordinary stock | 146,934,857 | |||
| Guangdong Electronics Information Industry Group Ltd. | 143,623,846 | RMBdenominated ordinary stock | 143,623,846 | |||
| Guangdong Rising Holdings Group Co., Ltd. | 129,826,793 | RMBdenominated ordinary stock | 129,826,793 |
| SDIC Securities (Hong Kong) Limited | 25,981,530 | Domestically listed overseas stock | 25,981,530 | |
|---|---|---|---|---|
| Rising Investment Development Limited | 25,482,252 | Domestically listed overseas stock | 25,482,252 | |
| Zhang Shaowu | 17,000,000 | RMBdenominated ordinary stock | 17,000,000 | |
| Zhu Shangming | 6,780,000 | RMBdenominated ordinary stock | 6,780,000 | |
| Hong Kong Securities Clearing Company Limited | 6,223,027 | RMBdenominated ordinary stock | 6,223,027 | |
| Cai Yuxia | 5,000,700 | RMBdenominated ordinary stock | 5,000,700 | |
| Related or acting-in-concert parties among the shareholders above | Among the top 10 shareholders and the top 10 unrestricted shareholders, Hong Kong Wah Shing Holding Company Limited, Guangdong Electronics Information Industry Group Ltd., Guangdong Rising Holdings Group Co., Ltd. and Rising Investment Development Limited are acting-in-concert parties; and Prosperity Lamps & Components Limited and Zhuang Jianyi are related and 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. | |||
| Top 10 shareholders involved in securities margin trading (if any) | Among the top 10 shareholders, Zhu Shangming holds 6,780,000 Company shares through a margin trading securities account. |
5% or greater shareholders, top 10 shareholders and Top 10 unrestricted shareholders involved in refinancing shares lending
- □ Applicable Not applicable
Changes in top 10 shareholders and top 10 unrestricted shareholders due to refinancing shares lending/return compared with the prior period
- □ Applicable Not applicable
ii. Number of Preference Shareholders and Shareholdings of Top 10 of Them
□ Applicable Not applicable
III Other Significant Events
□ Applicable Not applicable
IV Quarterly Financial Statements
- i. Financial Statements
- 1. Consolidated Balance Sheet
Prepared by Foshan Electrical and Lighting Co., Ltd. September 30, 2026
Unit: RMB
| Item | September 30, 2026 | January 1, 2026 |
|---|---|---|
| Current assets: | ||
| Monetary assets | 2,394,270,106.82 | 3,455,743,091.17 |
| Settlement reserve | ||
| Loans to other banks and financial institutions | ||
| Held-for-trading financial assets | 2,213,177.70 | 2,768,997.33 |
| Derivative financial assets | ||
| Notes receivable | 752,686,201.33 | 732,835,152.15 |
| Accounts receivable | 2,105,743,129.71 | 2,173,325,283.78 |
| Receivables financing | 314,425,148.33 | 415,949,788.02 |
| Prepayments | 43,675,336.17 | 49,790,049.31 |
| Premiums receivable | ||
| Reinsurance receivables | ||
| Receivable reinsurance contract reserve | ||
| Other receivables | 56,019,853.73 | 82,678,537.89 |
| Including: Interest receivable | ||
| Dividends receivable | ||
| Financial assets purchased under resale agreements | ||
| Inventories | 2,331,208,067.86 | 2,163,660,652.65 |
| Including: data resources | ||
| Contract assets | 211,890.13 | 450,672.52 |
| Assets held for sale | ||
| Current portion of non-current assets | 1,044,572,389.70 | 429,862,721.67 |
| Other current assets | 712,306,245.12 | 221,586,381.03 |
| Total current assets | 9,757,331,546.60 | 9,728,651,327.52 |
| Non-current assets: | ||
| Loans and advances to customers | ||
| Debt investments | ||
| Other debt investments | 41,742,033.11 | 720,083,694.31 |
| Long-term receivables | ||
| Long-term equity investments | 189,249,052.87 | 184,806,652.92 |
| Investments in other equity instruments | 461,706,297.30 | 471,794,043.90 |
| Other non-current financial assets | ||
| Investment property | 815,337,958.80 | 810,582,038.87 |
| Fixed assets | 3,418,945,383.08 | 3,586,917,576.90 |
| Construction in progress | 224,389,452.61 | 223,949,659.06 |
| Productive living assets | ||
| Oil and gas assets | ||
| Right-of-use assets | 18,764,387.41 | 23,771,544.09 |
| Intangible assets | 399,954,927.44 | 383,525,440.66 |
| Including: data resources | ||
|---|---|---|
| Development costs | ||
| Including: data resources | ||
| Goodwill | 245,346,155.52 | 245,346,155.52 |
| Long-term prepaid expense | 334,620,236.13 | 335,938,420.48 |
| Deferred income tax assets | 145,818,621.19 | 144,164,584.33 |
| Other non-current assets | 241,872,667.69 | 307,714,497.11 |
| Total non-current assets | 6,537,747,173.15 | 7,438,594,308.15 |
| Total assets | 16,295,078,719.75 | 17,167,245,635.67 |
| Current liabilities: | ||
| Short-term borrowings | 563,895,450.86 | 635,015,074.86 |
| Borrowings from the central bank | ||
| Loans from other banks and financial institutions | ||
| Held-for-trading financial liabilities | ||
| Derivative financial liabilities | ||
| Notes payable | 2,223,244,368.39 | 2,179,070,444.41 |
| Accounts payable | 1,875,288,677.10 | 2,443,871,780.95 |
| Advances from customers | 1,722,309.19 | 328,004.34 |
| Contract liabilities | 114,334,561.14 | 140,787,246.73 |
| Financial assets sold under repurchase agreements | ||
| Customer deposits and deposits from other banks and financial institutions | ||
| Payables for acting trading of securities | ||
| Payables for underwriting of securities | ||
| Employee benefits payable | 137,136,458.35 | 167,248,995.64 |
| Taxes and levies payable | 60,338,522.47 | 91,181,551.13 |
| Other payables | 301,937,118.01 | 372,152,039.73 |
| Including: Interest payable | ||
| Dividends payable | ||
| Fees and commissions payable | ||
| Reinsurance payables | ||
| Liabilities directly associated with assets held for sale | ||
| Current portion of non-current liabilities | 197,427,305.71 | 131,296,264.00 |
| Other current liabilities | 94,085,773.47 | 81,286,297.53 |
| Total current liabilities | 5,569,410,544.69 | 6,242,237,699.32 |
| Non-current liabilities: | ||
| Insurance contract reserve | ||
| Long-term borrowings | 99,403,397.24 | 192,915,075.78 |
| Bonds payable | ||
| Including: Preference shares | ||
| Perpetual bonds | ||
| Lease liabilities | 10,795,499.93 | 15,354,724.02 |
| Long-term payables | ||
| Long-term employee benefits payable | ||
| Provisions | 19,614,057.49 | 17,991,357.40 |
| Deferred income | 112,864,191.51 | 116,931,745.07 |
| Deferred income tax liabilities | 141,878,220.29 | 150,196,615.46 |
| Other non-current liabilities | 107,831.23 | 107,831.23 |
| Total non-current liabilities | 384,663,197.69 | 493,497,348.96 |
| Total liabilities | 5,954,073,742.38 | 6,735,735,048.28 |
|---|---|---|
| Owners’ equity: | ||
| Share capital | 1,535,778,230.00 | 1,535,778,230.00 |
| Other equity instruments | ||
| Including: Preference shares | ||
| Perpetual bonds | ||
| Capital reserves | 843,412,968.15 | 843,517,955.90 |
| Less: Treasury stock | ||
| Other comprehensive income | 199,899,474.78 | 227,147,391.31 |
| Specific reserve | 5,500,892.70 | 3,436,494.07 |
| Surplus reserves | 189,358,133.42 | 189,358,133.42 |
| General reserve | ||
| Retained earnings | 4,011,436,312.56 | 4,035,582,297.14 |
| Total equity attributable to owners of the Company as the parent | 6,785,386,011.61 | 6,834,820,501.84 |
| Non-controlling interests | 3,555,618,965.76 | 3,596,690,085.55 |
| Total owners’ equity | 10,341,004,977.37 | 10,431,510,587.39 |
| Total liabilities and owners’ equity | 16,295,078,719.75 | 17,167,245,635.67 |
Legal representative: Yu Zhongmin
Person in charge of accounting work: Li Zehua
Person in charge of the accounting department: Li Yizhi
2. Consolidated Income Statement for Q1-Q3
Unit: RMB
| Item | Q1-Q3 2026 | Q1-Q3 2025 |
|---|---|---|
| 1. Revenues | 6,128,921,564.22 | 6,532,199,832.37 |
| Including: Operating revenue | 6,128,921,564.22 | 6,532,199,832.37 |
| Interest revenue | ||
| Insurance premium income | ||
| Fee and commission income | ||
| 2. Costs and expenses | 6,199,311,155.47 | 6,398,351,267.79 |
| Including: Cost of sales | 5,148,046,338.85 | 5,349,187,907.07 |
| Interest costs | ||
| Fee and commission expense | ||
| Surrenders | ||
| Net insurance claims paid | ||
| Net amount provided as insurance contract reserve | ||
| Expenditure on policy dividends | ||
| Reinsurance premium expense | ||
| Taxes and levies | 51,599,243.47 | 52,167,209.97 |
| Selling expense | 266,547,177.88 | 266,412,731.31 |
| Administrative expense | 345,796,540.05 | 336,659,001.12 |
| R&D expense | 365,576,155.50 | 411,787,720.01 |
| Finance costs | 21,745,699.72 | -17,863,301.69 |
| Including: Interest costs | 16,004,025.48 | 13,226,344.82 |
| Interest revenue | 25,668,948.01 | 28,591,087.05 |
|---|---|---|
| Add: Other income | 54,123,242.04 | 72,233,682.81 |
| Return on investment (“-” for loss) | 46,180,814.25 | 39,369,257.40 |
| Including: Share of profit or loss of joint ventures and associates | 8,388,900.73 | 750,347.78 |
| 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) | -1,203,239.63 | 1,376,438.86 |
| Credit impairment loss (“-” for loss) | -10,796,092.16 | -8,606,983.81 |
| Asset impairment loss (“-” for loss) | -57,143,200.78 | -38,950,356.92 |
| Asset disposal income (“-” for loss) | 4,062,197.79 | 2,985,690.65 |
| 3. Operating profit (“-” for loss) | -35,165,869.74 | 202,256,293.57 |
| Add: Non-operating income | 45,753,931.89 | 2,470,572.42 |
| Less: Non-operating expense | 2,140,218.23 | 2,842,964.87 |
| 4. Profit before tax (“-” for loss) | 8,447,843.92 | 201,883,901.12 |
| Less: Income tax expense | 15,946,074.21 | 19,197,772.12 |
| 5. Net profit (“-” for net loss) | -7,498,230.29 | 182,686,129.00 |
| 5.1 By operating continuity | ||
| 5.1.1 Net profit from continuing operations (“-” for net loss) | -7,498,230.29 | 182,686,129.00 |
| 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 (“” for net loss) | 52,642,926.92 | 141,006,830.59 |
| 5.2.1 Net profit attributable to noncontrolling interests (“-” for net loss) | -60,141,157.21 | 41,679,298.41 |
| 6. Other comprehensive income, net of tax | -28,776,578.59 | 180,036,119.91 |
| Attributable to owners of the Company as the parent | -27,247,916.53 | 180,955,933.71 |
| 6.1 Items that will not be reclassified to profit or loss | -21,452,084.62 | 181,967,425.64 |
| 6.1.1 Changes caused by remeasurements on defined benefit schemes | ||
| 6.1.2 Other comprehensive<br><br>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 | -21,452,084.62 | 181,967,425.64 |
| 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 | -5,795,831.91 | -1,011,491.93 |
|---|---|---|
| 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 other debt investments | ||
| 6.2.3 Other comprehensive income arising from the reclassification of financial assets | ||
| 6.2.4 Credit impairment allowance for other debt investments | ||
| 6.2.5 Reserve for cash flow hedges | ||
| 6.2.6 Differences arising from the translation of foreign currencydenominated financial statements | -5,795,831.91 | -1,011,491.93 |
| 6.2.7 Other | ||
| Attributable to non-controlling interests | -1,528,662.06 | -919,813.80 |
| 7. Total comprehensive income | -36,274,808.88 | 362,722,248.91 |
| 7.1 Attributable to owners of the Company as the parent | 25,395,010.39 | 321,962,764.30 |
| 7.2 Attributable to non-controlling interests | -61,669,819.27 | 40,759,484.61 |
| 8. Earnings per share | ||
| 8.1 Basic earnings per share | 0.0343 | 0.0918 |
| 8.2 Diluted earnings per share | 0.0343 | 0.0917 |
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: Yu Zhongmin
Person in charge of accounting work: Li Zehua
Person in charge of the accounting department: Li Yizhi
3. Consolidated Cash Flow Statement for Q1-Q3
Unit: RMB
| Item | Q1-Q3 2026 | Q1-Q3 2025 |
|---|---|---|
| 1. Cash flows from operating activities: | ||
| Proceeds from sale of commodities and rendering of services | 5,664,110,126.86 | 6,136,832,938.37 |
| Net increase in customer deposits and deposits from other banks and financial institutions | ||
| 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, fees and commissions received | ||
| Net increase in loans from other banks and financial institutions | ||
| Net increase in proceeds from repurchase transactions | ||
| Net proceeds from acting trading of securities | ||
| Tax and levy rebates | 132,451,408.82 | 116,505,804.66 |
| Cash generated from other operating activities | 130,299,693.48 | 152,887,535.19 |
| Subtotal of cash generated from operating activities | 5,926,861,229.16 | 6,406,226,278.22 |
| Payments for commodities and services | 4,222,337,730.84 | 4,567,641,268.40 |
| Net increase in loans and advances to customers | ||
| Net increase in deposits in the central bank and other banks and financial institutions | ||
| Payments for claims on original insurance contracts | ||
| Net increase in loans to other banks and financial institutions | ||
| Interest, fees and commissions paid | ||
| Policy dividends paid | ||
| Cash paid to and for employees | 1,135,064,926.53 | 1,159,646,469.89 |
| Taxes and levies paid | 239,910,349.43 | 293,332,979.28 |
| Cash used in other operating activities | 294,954,974.99 | 344,471,315.04 |
| Subtotal of cash used in operating activities | 5,892,267,981.79 | 6,365,092,032.61 |
| Net cash generated from/used in operating activities | 34,593,247.37 | 41,134,245.61 |
| 2. Cash flows from investing activities: | ||
| Proceeds from disinvestment | 475,566,932.89 | 859,119,175.12 |
| Return on investment | 30,998,467.14 | 15,732,609.12 |
| Net proceeds from the disposal of fixed assets, intangible assets and other long-lived assets | 12,954,479.33 | 846,610.25 |
| Net proceeds from the disposal of subsidiaries and other business units | ||
| Cash generated from other investing activities | 23,491,657.16 | |
| Subtotal of cash generated from investing activities | 519,519,879.36 | 899,190,051.65 |
| Payments for the acquisition of fixed assets, intangible assets and other longlived assets | 278,450,575.23 | 280,674,030.06 |
| Payments for investments | 881,339,182.91 | 720,520,000.00 |
| Net increase in pledged loans granted | ||
|---|---|---|
| Net payments for the acquisition of subsidiaries and other business units | ||
| Cash used in other investing activities | 76,800.00 | 36,941,818.53 |
| Subtotal of cash used in investing activities | 1,159,866,558.14 | 1,038,135,848.59 |
| Net cash generated from/used in investing activities | -640,346,678.78 | -138,945,796.94 |
| 3. Cash flows from financing activities: | ||
| Capital contributions received | 22,467,537.92 | |
| Including: Capital contributions by non-controlling interests to subsidiaries | 22,467,537.92 | |
| Borrowings received | 287,153,358.16 | 218,768,004.07 |
| Cash generated from other financing activities | 142,172,397.42 | 11,903,942.08 |
| Subtotal of cash generated from financing activities | 451,793,293.50 | 230,671,946.15 |
| Repayment of borrowings | 641,924,266.07 | 280,054,239.75 |
| Interest and dividends paid | 95,430,006.93 | 224,536,815.02 |
| Including: Dividends paid by subsidiaries to non-controlling interests | 5,623,776.25 | 31,998,652.43 |
| Cash used in other financing activities | 6,563,233.22 | 81,887,484.53 |
| Subtotal of cash used in financing activities | 743,917,506.22 | 586,478,539.30 |
| Net cash generated from/used in financing activities | -292,124,212.72 | -355,806,593.15 |
| 4. Effect of foreign exchange rates changes on cash and cash equivalents | -30,224,712.24 | 392,973.91 |
| 5. Net increase in cash and cash equivalents | -928,102,356.37 | -453,225,170.57 |
| Add: Cash and cash equivalents, beginning of the period | 2,819,359,299.72 | 2,684,382,020.41 |
| 6. Cash and cash equivalents, end of the period | 1,891,256,943.35 | 2,231,156,849.84 |
Legal representative: Yu Zhongmin
Person in charge of accounting work: Li Zehua
Person in charge of the accounting department: Li Yizhi
ii. Adjustments to Financial Statement Items at the Beginning of the Year of the First Implementation of the New Accounting Standards Implemented since 2026
□ Applicable Not applicable
iii. Independent Auditor’s Report
Indicate whether the financial statements above have been audited by an independent auditor.
□ Yes No
These financial statements have not been audited by such an auditor.
The Board of Directors
Foshan Electrical and Lighting Co., Ltd.
October 27, 2026
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