粤照明Ｂ2025年半年度报告（英文版）

Foshan Electrical and Lighting Co., Ltd.Interim Report 20251FOSHAN ELECTRICAL AND LIGHTING CO., LTD.INTERIM REPORT 2025August 2025Foshan Electrical and Lighting Co., Ltd.Interim Report 20252Part I Important Notes, Table of Contents and DefinitionsThe Board of Directors (or the “Board”), the Supervisory Committee as well as the directors, supervisorsand senior management of Foshan Electrical and Lighting Co., Ltd. (hereinafter referred to as the“Company”) hereby guarantee the factuality, accuracy and completeness of the contents of this Report andits summary, and shall be jointly and severally liable for any misrepresentations, misleading statements ormaterial omissions therein.Wan Shan, the Company’s legal representative, Zeng Xiaojing, the Company’s Chief Financial Officer(CFO), and Li Yizhi, the person-in-charge of the Company’s accounting organ (equivalent to accountingmanager) hereby guarantee that the Financial Statements carried in this Report are factual, accurate andcomplete.All the Company’s directors have attended the Board meeting for the review of this Report and itssummary.Any plans for the future and other forward-looking statements mentioned in this Report and its summaryshall NOT be considered as absolute promises of the Company to investors. Therefore, investors arereminded to exercise caution when making investment decisions.The Company has described in detail in this Report the risk of macro-economic fluctuations and intensifiedmarket competition, the risk of rising raw material prices, the risk of exchange rate fluctuations, and therisk of the recoverability of accounts receivable. Please refer to the section headed “Risks Facing theCompany and Countermeasures” in Item X of Part III of this Report.The Company has no interim dividend plan, either in the form of cash or stock.This Report and its summary have been prepared in both Chinese and English. Should there be anydiscrepancies or misunderstandings between the two versions, the Chinese versions shall prevail.Foshan Electrical and Lighting Co., Ltd.Interim Report 20253Table of ContentsPart I Important Notes, Table of Contents and Definitions.......................................................... 2Part II Corporate Information and Key Financial Information...................................................7Part III Management Discussion and Analysis.............................................................................11Part IV Corporate Governance, Environment and Society.........................................................46Part V Significant Events................................................................................................................49Part VI Share Changes and Shareholder Information................................................................ 76Part VII Bonds................................................................................................................................. 87Part VIII Financial Statements..............