Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
Dongxu Optoelectronic Technology Co., Ltd.
The Semi-annual Report 2014
August 2014
1
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
I. Important Notice, Table of Contents and Definitions
The Board of Directors ,Supervisory Committee, all directors, supervisors and senior executives of
the Company hereby guarantees that there are no misstatement, misleading representation or
important omissions in this report and shall assume joint and several liability for the authenticity,
accuracy and completeness of the contents hereof.
All the directors attended the board meeting for reviewing the Annual Report.
The Company has no plan of cash dividends carried out, bonus issued and capitalizing of common
reserves either.
Mr.Li Zhaoting, The Company leader, Mr. Li Quannian, Chief financial officer and the Mr..Li
Zhiyong, the person in charge of the accounting department (the person in charge of the
accounting )hereby confirm the authenticity and completeness of the financial report enclosed in
this semi-annual report.
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
Table of Contents
2014 Semi-Annual Report
I..Important Notice, Table of contents and Definitions
II. Basic Information of the Company
III. Summary of Accounting Highlights and Business Highlights
IV. Report of the Board of Directors
V. Important Events
VI. Change of share capital and shareholding of Principal Shareholders
VII. Information about Directors, Supervisors and Senior Executives
VIII. Financial Report
IX. Documents available for inspection
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
Definition
Terms to be defined Refers to Definition
Company Law Refers to Company Law of the People’s Republic of China
Securities Law Refers to Securities Law of the People’s Republic of China
Dongxu Gruop Refers to Dong Xu Group Co., Ltd.
Baoshi Group Refers to Shijiazhuang Baoshi Electronics Group Co., Ltd
Dongxu Optoelectronic , Company, The
Refers to Dongxu Optoelectronic Technology Co., Ltd.
Conpany
Zhengzhou Xufei Refers to Zhengzhou Xufei Optoelectronic Technology Co., Ltd.
Dongxu（Yingkou）Optoelectronic Refers to Dongxu（Yingkou）Optoelectronic Display Co., Ltd.
Sichuan Xuhong Optoelectronic Refers to Sichuan Xuhong Optoelectronic Technology Co., Ltd.
Shijiazhuang Xuxin Refers to Shijiazhuang Xuxin Optoelectronic Technology Co., Ltd.
Wuhu Optoelectronic Refers to Wuhu Dongxu Optoelectronic Technology Co., Ltd.
Wuhu Equipment Refers to Wuhu Dongxu Optoelectronic Equipment Technology Co., Ltd.
Shijiazhuang Equipment Refers to Shijiazhuang Dongxu Optoelectronic Equipment Technology Co., Ltd.
BOE Refers to BOE Technology Group Co., Ltd.
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
II. Basic Information of the Company
I. Company Information
Stock abbreviation Dongxu Optoelectronic, Dongxu B Stock code： 000413、200413
Stock abbreviation after
Dongxu Optoelectronic, Dongxu B
change (if any)
Stock exchange for
Shenzhen Stock Exchange
listing：
Name in Chinese 东旭光电科技股份有限公司
Chinese Abbreviation 东旭光电
English name (If any) Dongxu Optoelectronic Technology Co., Ltd.
English abbreviation (If any) Dongxu Optoelectronic
Legal Representative Li Zhaoting
II.Contact person and contact manner
Board secretary Securities affairs Representative
Name Fu Yinfang Wang Qingfei
Securities Dept of the Company, No.9, Huanghe Road,
No.5 Court, No.23 A Fuxing Road,
Contact address Shijiazhuang High-tech Industrial Development Area,
Haidian District, Beijing
Shijiazhuang, Hebei Province
Tel 010-68297016 010-68297016 0311-86917775
Fax 010-68297016 010-68297016 0311-86917775
E-mail fyfws@126.com baoshixzb@126.com
III.Other
(1)Way to contact the Company
Whether registrations address, offices address and codes as well as website and email of the Company changed in
reporting period or not
√ Applicable □ Not applicable
No.9, Huanghe Road, Shijiazhuang High-tech Industrial Development
Registered address
Area, Shijiazhuang, Hebei Province
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
Postal code of the Registered Address 050035
Office Address No.5 Court, No.23 A Fuxing Road, Haidian District, Beijing
Postal code of the office address 100036
Internet Web Site
E-mail bs@bseg.cn
Date of disclosing provisional announcement (If any）
(2)About information disclosure and where this report is placed
Did any change occur to information disclosure media and where this report is placed during the reporting period?
□ Applicable √ Not applicable
The newspapers designated by the Company for information disclosure, the website designated by CSRC for
disclosing this report and the location where this report is placed did not change during the reporting period. The
said information can be found in the 2013 Annual Report.
(3).Registration changes of the Company
Whether registration has changed in reporting period or not
√ Applicable □ Not applicable
Number of Business
License of Taxation Organization
Date of Registration Authority Registered with
Enterprise as Legal Registration No.: Code
Person
No.9, Huanghe Road,
Shijiazhuang High-tech Industrial
Initial registration December 30, 2013 130000000001040 130111104395983 10439598-3
Development Area, Shijiazhuang,
Hebei Province
No.9, Huanghe Road,
Registration at the
Shijiazhuang High-tech Industrial
end of the July 3, 2014 130000000001040 130111104395983 10439598-3
Development Area, Shijiazhuang,
reporting period
Hebei Province
Date of disclosing
provisional
May 20, 2014
announcement (If
any）
Description of the
website for
disclosing
China Secutities Journal, Hong Kong Commercial Daily and www.cninfo.com.cn
provisional
announcements(If
any)
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
III. Summary of Accounting data and Financial index
I.Major accounting data and /Financial indexs
May the Company make retroactive adjustment or restatement of the accounting data of the previous years due to
change of the accounting policy and correction of accounting errors.
□ Yes √ No
Increase/decrease over the
Reporting period Same period of last year
same period of last year（%）
Operating income（RMB） 909,974,743.09 255,042,354.08 256.79%
Net profit attributable to the shareholders
407,536,660.90 113,967,626.00 257.59%
of the listed company（RMB）
Net profit after deducting of non-recurring
gain/loss attributable to the shareholders of 265,334,873.54 36,497,091.05 627.00%
listed company（RMB）
Cash flow generated by business operation,
-1,491,802,085.05 -917,048,985.69 -62.67%
net（RMB）
Basic earning per share(RMB/Share) 0.15 0.2 -25.00%
Diluted gains per
0.15 0.2 -25.00%
share(RMB/Share)(RMB/Share)
Weighted average income/asset ratio（%） 6.77% 5.42% 1.35%
As at the end of the Changed （%）over end of
As at the end of last year
reporting period prev. year
Gross assets（RMB） 10,955,355,907.06 9,032,978,401.14 21.28%
Shareholders’ equity attributable to
6,221,210,375.94 5,813,673,715.04 7.01%
shareholders of the listed company（RMB）
II.Items and amount of non-current gains and losses
√Applicable □Not applicable
In RMB
Items Amount Notes
Govemment subsidies recognized in currentgain and loss(excluding those closely
175,895,903.21
related to the Company’s business and granted under the state’s policies)
Gain/loss on loans obtained by entrusting others 3,000,000.00
Other non-operating income and expenditure beside for the above items 1,903,740.83
Less: Influenced amount of income tax 34,191,212.29
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
Amount of influence of minority interests（After tax） 4,406,644.39
Total 142,201,787.36 --
For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on
information disclosure for Compaines Offering their Securities to the Public-Non-recurring Gains and Losses and
its non-recurring gain/loss items as illustrated in the Explanatory Announcement No.1 on information Disclosure
for Companies offering their securities to the public-non-recurring Gains and losses which have been defined as
recurring gains and losses, it is necessary to explain the reason.
□ Applicable√ Not applicable
None of Non-recurring gain /loss items recorgnized as recurring gain /loss/itesm as defined by the information disclosure explanatory
Announcement No.1- Non –recurring gain/loss in the report period.
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
IV. Report of the Board of Directors
I. General
For the company, the year 2014 is a groundbreaking year. During the reporting period, the company seized the
important opportunity that the state supports the flat-panel display industry, adhered to the core strategy and the
goal of "building China's optoelectronic industry flagship solidly", to speed up project construction, improve the
scale of production capacity, expand market share, and deepen the cooperation in this industrial chain. achieve
better performance in project construction, manufacturing, marketing and other aspects.
As for the glass substrate business, production line capacity performance goes well; there is important
breakthrough in market development, which began to contribute to profitability performance. "flat-panel display
glass substrate production line project of Wuhu Dongxu Optoelectronic Technology Co. , Ltd, " Phase I has been
launched, in which 4 sets of G6 production line have been ignited and put into operation, with stable yield and
achieve the desired objectives. During the reporting period, the company signed a strategic cooperation agreement
with China's largest display panel manufacturer BOE, and has become one of its important supplier, which fully
demonstrated that the company's technical level, product quality and other aspects have all reached the
international advanced level. In Taiwan where the market is even larger, the G6 production lines have also realized
the batch supply and the product certification by several enterprise customers have been gone through successfully.
Hosting companies such as Xufei and Xuxin have achieved stable supply through their G5 production lines to
multiple clients, In February Xuhong Company has started the project of the ―floating process high aluminium
plate glass‖ production, the product quality meets the development expectation; in June, batch supply has been
achieved, and received good feedback after the supply. Marketing is currently running smoothly.
As for the business of glass substrate equipments and technical services, with continuous construction of the new
production line and the technical maintenance of the existing production lines, during the reporting period, the
business of glass substrate equipments and technical services has gained a substantial increase compared with the
same period of last year. The company actively promote the planning production line construction, the layout of
high-end display equipment in other areas, in the semiconductor equipment industry displays, upstream and
downstream industry chain development and supporting other aspects began extensive cooperation to achieve new
breakthroughs equipment industry.
Regarding the urbanization construction business, the company has purchased 100% shares of Sichuan Ruiyi
Construction Engineering Co., Ltd to enhance the company's competitiveness, which is advantageous for the
company to seize new opportunities of the urbanization construction, and to seek new economic growth.
During the reporting period, the company embarked on the new TFT-LCD glass substrate production line
construction, glass substrates equipment and technical services were the main source of income. Meanwhile, the
market TFT-LCD glass substrates develop smoothly, sales achieved an important breakthrough, began to
contribute to the profits. the operating income, operating cost and net profit of the Company for the report period
respectively increased by 256.79%,298.81% and 257.59% % year on year.
II.Main business analysis
Year-on-year changes in major financial statistics
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
In RMB
Same period last YOY change
This report period Cause change
year （%）
Glass substrates equipment sales and technical
Operating income 909,974,743.09 255,042,354.08 256.79% services increased significantly, caused G6 glass
substrate market began to realize large volume sales
Mainly due to substantial growth revenue and a
Operating cost 433,071,741.04 108,592,058.10 298.81%
corresponding cost substantial increase sharply
Mainly due to the increase of sales growth in freight
Sale expenses 4,393,918.77 3,820,269.81 15.02%
and other expenses
Mainly due to f substantial growth in business scale
Administrative
80,606,612.19 52,662,936.51 53.06% corresponding management labor costs, rent and
expenses
other administrative expenses。
Mainly due to the increase of the company's liquidity
Financial expenses 23,389,000.06 -2,146,225.05 1,189.77%
loans and discounted bills and the financial costs
Mainly due to revenue growth, gross profit increased
Income tax expenses 95,070,735.56 55,532,146.72 71.20%
income tax expense had substantial growth
Mainly due to the huge increase of the equipment
Net cash flows from and materials purchase expenses for Wuhu glass
-1,491,802,085.05 -917,048,985.69 -62.67%
operating activities substrate production line by Wuhu Dongxu
Equipment Company.
Net cash flows from Mainly due to Wuhu glass substrate production line
-616,740,281.38 -1,312,507,717.64 53.01%
investing activities construction spending less than last year
Net cash flows from
1,301,189,610.62 6,018,551,169.32 -78.38% Mainly due to the previous period raise funds
financing activities
Major changes in profit composition or cources during the report period
□ Applicable √ Not applicable
The profit composition or sources of the Company have remained largely unchanged during the report period.
Delay of future development and plan disclosed in Company’s IPO prospectus, fund raising prospectus and capital
reorganization report into this report period.\
□ Applicable √ Not applicable
No future development and plan disclosed in Company’s IPO prospectus, fund raising prospectus and capital
reorganization report into this report period.
Implementation of business plans disclosed in previous periods in this period.
N/A
III. Business composition
In RMB
Turnover Operation cost Gross profit Increase/decre Increase/decre Increase/de
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
rate(%) ase of reverue ase of rincipal crease of
in the same business cost gross profit
period of the over the same rate over
previous period of the same
year(%) previous year period of
(%) the
previous
year (%)
Industry
Whole set of equipment and
740,306,181.29 332,310,596.18 55.11% 263.21% 374.39% -10.52%
Technology serves
Glass substrate 102,615,358.65 43,868,127.41 57.25%
Electric vacuum glass devices and
13,083,703.77 10,251,661.82 21.65% 73.14% 107.56% -12.99%
supporting electronic devices
Construction Installation 52,564,102.63 44,743,589.77 14.88% 2,068.38% 1,919.73% 6.27%
Classification of products
Whole set of equipment and
740,306,181.29 332,310,596.18 55.11% 263.21% 374.39% -10.52%
Technology serves
Glass substrate 102,615,358.65 43,868,127.41 57.25%
Electric vacuum glass devices and
13,083,703.77 10,251,661.82 21.65% 73.14% 107.56% -12.99%
supporting electronic devices
Construction Installation 52,564,102.63 44,743,589.77 14.88% 2,068.38% 1,919.73% 6.27%
Area
China mainland 889,679,376.38 421,371,941.77 52.64% 317.73% 450.09% -11.39%
Hongkong, Macao and Taiwan 14,998,824.19 6,604,601.17 55.97%
Overseas 3,891,145.77 3,197,432.24 17.83% 372.04% 428.83% -8.82%
IV. Analysis On core Competitiveness
The core competitive-ness of the Company had no changes, The said information can be found in the 2013 Annual
Report.
V. Analysis on investment Status
1. External Equity investment
（1）External investment
√Applicable □ Not applicable
External investment
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
Investment amount (January-June Investment Amount (January-June
Change rate（%）
2014)(RMB) 2013)(RMB)
340,453,728.53 4,016,064,000.00 -91.52%
Particulars of investees
Proportion in the investees’
Name Principal business
equity（%）
Photoelectric display glass substrate industry investment,
Wuhu Dongxu Optoelectronic construction and operations and related technology development,
100.00%
Technology Co., Ltd. technology consulting, technology services, technology transfer,
etc.
Building Engineering, Hydropower Engineering,Municipal public
Engineering, Highway Engineering, Construction of sports
Sichuan Ruiyi Construction facilities,Earth and rock , City and road lighting engineering,
100.00%
Engineering Co., Ltd. Electric Power Engineering, anti-corrosion insulation ,Highway
and traffic Engineering, Highway surface project, Engineering
Management and Land Consolidation,etc.
2.Application of the Raised funds
（1）General application of the raised funds
√ Applicable □ Not applicable
In RMB’0000
Total amount of the raised capital 496,106.4
Total raised capital invested in the report period 2,373.7
Total accumulative raised capital invested 449,832.31
Amount of raised capital of which the purpose was changed in the report period 0
Accumulative amount of raised capital of which the purpose has been changed 0
Proportion of raised capital of which the purpose has been changed (%) 0.00%
Notes to use of raised capital
（2）Promised projects of raised capital
√ Applicable □ Not applicable
In RMB’0000
Project Total Total Amount Accumul Investme Date Benefit Has any
Has the
changed(i raised investme inested in ated nt when the realized material
Committed investment predicted
ncluding capital nt after the amount progress project in the change
projects and investment result be
partial invested adjustme reporting invested ended the has reporting taken
realized
change) as nt (1) period at the end reporting reached period place in
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
commited of the period(% the feasibility
reporting )(3)=(2)( predicted
period(2) 1) applicabl
e status
Committed investment projects
Panel display galass
substrate project of
449,832.3
Wuhu Dongxu No 496,106.4 496,106.4 2,373.7 90.67% 9,468.67 yes No
1
Optoelectronic
Technology Co., Ltd.
Subtotal of promised 449,832.3
-- 496,106.4 496,106.4 2,373.7 -- -- 9,468.67 -- --
investment projects 1
Investment of excessive raised capital
449,832.3
Total -- 496,106.4 496,106.4 2,373.7 -- -- 9,468.67 -- --
1
Reason or situation
thatnot on schedule Not applicable
(on specific project)
Notes to major
changesin project Not applicable
feasibility
Amount, application
and application
Not applicable
progress of the
unbooked proceeds
About the change of
the implementation site
Not applicable
of the projects invested
with the proceeds
Adjustment of the
implementation way of
Not applicable
investment funded by
raised capital
About the initial Applicable
investment in the On April 17, 2013, The 36th Meeting of the sixth Board of Directors of the company has examined and
projects planned to be approved the ―Proposal on the Replacement of the Self-financing Funds Pre-put into Investment Project
invested with the with the Raised Funds‖, and agreed the company to make arrangement for the funds-raising on the
proceeds and the replacement of the pre-investment based on the plan of non-public issuance of stocks, with the pre-invested
replacement self-financing funds of RMB2,077,426,324.50 replaced by the raised funds.
Using the idle proceeds Applicable
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
to supplement the On May 27, 2014, The 11th Meeting of the seventh Board of Directors of the company has examined and
working capital on approved the ―Proposal on Some Idle Funds-raising Used to replenish the working fund‖, and agreed the
temporary basis company to use the idle funds-raising of RMB250million (accounting for 5.04% of the actual net
funds-raising) to temporarily replenish the working fund of the company, with the validity not exceeding
12 months after the date of examination and approval of the Board of Directors. The company shall
promptly repay into the special account of the funds-raising when the payment replenished for the working
fund comes due.
Balance of the
proceeds in process of
Not applicable
project implementation
and the cause
About application and In the unused raised funds, 217.0490 million yuan was managed in the company raised funds account
status of the proceeds (including deposit interest income), temporarily the rest 250 million yuan was used to supplement the flow
unused cash.
Problems existing in
The company strictly accordance with "use of funds raised management system" and "raise funds tripartite
application of the
regulatory agreement" to raise funds and special accounts storage use, and timely, truely, accurately and
proceeds and the
completely disclosure of the deposit and use of proceeds, there is no violation circumstances.
information disclosure
or other issues
（3）Changes of raised funds projects
□ Applicable√ Not applicable
There. is no change in raised funds in company reporting period
3. Analysis on principal subsidiaries and Mutual Shareholding Companies
√Applicable □Not applicable
Particulars about the principal subsidiaries and Mutual shareholding companies
In RMB
Company Compa Sectors Leading products Registered Operating
Total assets Net assets Tumover Net Profit
Name ny type engaged in and services capital profit
Hebei Engineering
Xubao design and
Constructio construction of
Subsidi Construction 100,000,00 212,057,03 109,857,42 54,086,752. 7,074,709
n houses and 5,297,419.92
ary Installation 0.00 4.32 1.74 20 .76
Installation buildings,
Engineering engineering
Co., Ltd. consultation, etc
Shijiazhuan Production and
Subsidi 540,681,95 181,148,39 97,863,562. -1,536,10
g Baoshi Manufacture sales of glass -1,938,798.30
ary 6.80 5.27 49 9.43
Color Bulb bulbs for Colour
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
Co., Ltd.. kinescope and
electronic glass
products
Photoelectric
display glass
substrate industry
investment,
Wuhu construction and
Dongxu operations and
Optoelectro Subsidi related technology 2,000,000, 8,296,858,3 4,841,655,9 103,952,20 48,300,39 94,686,724.5
Manufacture
nic ary development, 000 90.31 48.87 8.39 9.20 1
Technology technology
Co., Ltd. consulting,
technology
services,
technology
transfer, etc.
R&D of
optoelectronic
mechanical
equipment and
Wuhu
electronic
Dongxu
products,
Optoelectro
Subsidi production and 5,240,257,0 1,355,079,5 1,256,193,2 647,631,2 634,420,603.
nic Manufacture 98,000,000
ary techniques of all 66.61 43.31 38.30 55.35 47
Equipment
kinds of
Technology
non-standard
Co., Ltd
equipment and
parts and relevant
process
formulation
Engaged in
investment,
construction and
Wuhan
operation of
Dongxu
industry of base
Optoelectro Subsidi 15,308,217. 3,617,152.0
Manufacture plate of 5,000,000 -6,627.61 -6,627.61
nic ary 05 7
optoelectronic
Technology
display glass (i.e.
Co., Ltd
TFT-LCD liquid
crystal glass)
Sichuan Subsidi Construction Building 100,000,00 114,632,56 100,454,30
15
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
Ruiyi ary Installation Engineering, 0 0.42 8.91
Constructi Hydropower
on Engineering,Muni
Engineerin cipal public
g Co., Ltd. Engineering,
Highway
Engineering, Earth
and rock ,
anti-corrosion
insulation ,Highw
ay and traffic
Engineering,
Highway surface
project, Highway
subgrade
Engineering,
Electrical
equipment
installation,
specialized
Engineering,
Engineering
design ,
Engineering
Management and
Land
Consolidation,etc.
VI. Performance Forecast for January to September 2014
Alert of loss or significant change in net profit from the beginning of year to the end of next report period or
comparing with the same period of last year, and statement of causations.
□ Applicable √ Not applicable
VII. Explanation of the Board of Directors and the Supervisor Committee concerning the “Non-standard
audit report ” issued by the CPAs firm for the reporting period
□ Applicable √ Not applicable
VIII.Explanation by the Board of Directors about the “ non-standard audit report “ for lastyear.
□ Applicable √ Not applicable
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
IX. Profit distribution carried out in the report period
Execution or adjustment of profit distribution, especially cash dividend, and capitalizing of reserves in the report
period.
√ Applicable □ Not Applicable
On May 27, 2014, the company intended to implement the following distribution of profits and capital reserve
plan:The company implemented annual capital reserve plan of the year 2013 ，On the base of December 31, 2013 ,903 million shares
of the total share capital, the company would distribute20 shares to all the shareholders for every 10 shares, for a total distribution
of1806million shares. The total share capital of the Company will be increased to 2709 million shares after capitalization.
Special explanation on cash dividend policy
Comply with the Articles of Association or resolution made at the General Shareholders' Meeting Yes
Clear and definite distribution standard and proportion Yes
Decision-making procedure and mechanism Yes
Independent directors fulfill their duties Yes
Middle and small shareholders express their opinions and claims.There rights are well protected. Yes
Cash dividend distribution policies are adjusted or revised according to law. Yes
X. Preplan for profit distribution and turning capital reserve into share capital in the reporting period
□ Applicable √ Not applicable
The Company planed that no to distribute cash dividend, bonus shares and there was no turning of capital reserve into share capital.
Ⅺ. Particulars about researches, visits and interviews received in this reporting period
√ Applicable □ Not Applicable
Reception Types of Discussion topics and
Reception place Way of reception Visitors received
time visitors provision of materials
Visited the company
showroom, understanding
January 6, Onsite investigation Organization
The Company Fortune SG Fund,Boshi Fund project progress and raised
2014
investment business and R
& D in 2014.
Guangfa Securities,
New China Asset,CCB
know about the company
Principal Asset , HFT
January 17, Onsite investigation Organization raise investment project
The Company Investment , Huaxia Fund,
2014 progress and the main
ICBC Ruixin , Manulife Teda
business case in 2014
Fund, Huashang Fund, Invesco
Great Wall and Dacheng Fund.
May 12, The Company Onsite investigation Organization Gangfa securities,King Tower Know about the company
17
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
2014 Asset, Guosen Securities, raise investment project
Guojin Fund, Yinmin Fund, progress, hosting company
CITICPE, Yinhua Fund, operations, hosting
Sunshine Insurance ,KCI company investment
Securities, Huaxia Fund, arrangements and the
Zhongjin Company, Union company's future
Asset, Efund,Uon Fund and development strategy.
Changsheng Fund.
Cathay Securities Co., Ltd.,
Know about the company
Qunyi Securities Investment
raise investment project
trust Co., Ltd., Taixin Securities
progress, hosting company
June 18, Onsite investigation Organization Investment Trust Co., Ltd.,
The Company operations, the company
2014 Tongyi Securities Investment
2013 annual report and first
Trust Co., Ltd.,and Mega
quarter of 2014
International Securities
Performance Notes.
Investment Trust Co., Ltd.
Understand the company
January 1, production and operation,
By phone Individual Individual Investor
2014 to June The Company raise investment project
30, 2014 progress and hosting
company.
18
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
V. Important Events
1.Governance of the Company
There is no difference between the actual corporate governance and the requirements of Company Law and
the relevant provisions of China Securities Regulatory Commission.
II. Transaction in Assets
1. Business combination
√Applicable □Not applicable
The 10th meeting of the seventh Board of Director and the first provisional shareholder's meeting of 2014 examined and adopted "the
proposal of acquiring controlling shareholder Dongxu Group subsidiaries's equity " agreed the company to trade net asset value
of 20.5137 million as audit assessments trading price of the acquisition wholly owned subsidiary of the controlling shareholder
Dongxu Group Ltd. 100% stake in Sichuan Ruiyi Construction Engineering Co., Ltd.， the company will complete the acquisition of
the entire equity related work before June 2014.
III. Implementation and Influence of Equity Incentive Plan of the Company
√ Applicable □Not applicable
On August 18, 2014, the 15th Meeting of the Seventh Board of Directors of the company has reviewed and approved the Proposal of
the Restricted Stock Incentive Plan (draft) of Wuhu Dongxu Optoelectronic Technology Co., Ltd and the Abstract, and the company
plans to implement the restricted stock incentive plan, while the relevant proposals are still in suspension, until the Restricted Stock
Incentive Plan (draft) of Dongxu Optoelectronic Technology Co., Ltd and related materials are submitted to China Securities
Regulatory Commission for filing and approval, after which they will be submitted to the general meeting of shareholders of the
company for approval..
IV. Significant related-party transactions
1. Related transactions in connection with daily operation
√ Applicable □Not applicable
Amount Proportio
Principle
Descripti of the n in the
of picing Price of
Type of on of related amount of Disclo
Related Relations of the related Mode of Market Disclosur
related related transactio the sure
parties hip related transactio settlement price e date
parties transactio n similar index
transactio ns
ns (RMB’00 transactio
n
00) n (%)
Zhengzho Controlle Commodi Checking Reference
726.5 0.63% Currency
u Xufei d by the ty machine price
19
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
Optoelect same purchased setting
ronic parent /labor
Technolo company service
gy Co., Actual received
Ltd. Controller
Shijiazhu Controlle
Commodi
ang d by the
ty
Xuling same Reference
purchased Supervisi
Electric parent price 82.05 100.00% Currency
/labor ng system
Technolo company setting
service
gy Co., Actual
received
LTD. Controller
Chengdu Controlle
Commodi
Dongxu d by the
ty
Energy same Energy Reference
purchased
Saving parent saving price 81.94 1.77% Currency
/labor
Technol company lamp setting
service
ogy Co., Actual
received
Ltd. Controller
Controlle
Shijiazhu
d by the Sales
ang
same Goods/La Reference
Baoshi
parent bor Energy price 193.71 100.00% Currency
Electronic
company service setting
s Group
Actual received
Co., Ltd.
Controller
Controlle
Dongxu(
d by the Sales Equipmen
Yingkou)
same Goods/La t for High Reference
Optoelect
parent bor -end displ price 556.08 0.75% Currency
ronic
company service ay produc setting
Display
Actual received tion line
Co., Ltd
Controller
Zhengzho Controlle
u Xufei d by the Sales Equipmen
Optoelect same Goods/La t for High Reference
ronic parent bor -end displ price 2,016.75 2.72% Currency
Technolo company service ay produc setting
gy Co., Actual received tion line
Ltd. Controller
Shijiazhu Controlle Sales Equipmen Reference
71,457.79 96.52% Currency
ang d by the Goods/La t for High price
20
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
Xuxin same bor -end displ setting
Optoelect parent service ay produc
ronic company received tion line
Technolo Actual
gy Co., Controller
Ltd.
Shijiazhu
Controlle
ang
d by the Sales
Xuxin
same Goods/La Reference
Optoelect
parent bor A-frame price 172.65 13.20% Currency
ronic
company service setting
Technolo
Actual received
gy Co.,
Controller
Ltd.
Zhengzho Controlle
u Xufei d by the Sales
Optoelect same Goods/La Reference
ronic parent bor Material price 54.86 39.04% Currency
Technolo company service setting
gy Co., Actual received
Ltd. Controller
Controlle
Shijiazhu
d by the Sales
ang Bofa
same Goods/La Reference
Mechanic
parent bor A-frame price 382.69 29.25% Currency
al
company service setting
Equipmen
Actual received
t Co., Ltd.
Controller
Controllin Sales
g Goods/La Reference
Dongxu Carat
sharehold bor price 301.08 23.01% Currency
Group Tube
er service setting
received
Controllin
Equity Equity
g
Dongxu managem managem Agreeme
sharehold 50 50.00% Currency
Group ent right ent right nt price
er
Managed Managed
Dongxu Controlle Equity Equity
Optoelect d by the managem managem Agreeme
25 25.00% Currency
ronic same ent right ent right nt price
investmen parent Managed Managed
21
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
t Co., Ltd. company
Actual
Controller
Controlle
Shijiazhu
d by the
ang Equity Equity
same
Baoshi managem managem Agreeme
parent 25 25.00% Currency
Electronic ent right ent right nt price
company
s Group Managed Managed
Actual
Co., Ltd.
Controller
Controlle
Dongxu(
d by the
Yingkou) Equity Equity
same
Optoelect managem managem Agreeme
parent 50 25.00% Currency
ronic ent right ent right nt price
company
Display Managed Managed
Actual
Co., Ltd
Controller
Zhengzho Controlle
u Xufei d by the
Equity Equity
Optoelect same
managem managem Agreeme
ronic parent 50 25.00% Currency
ent right ent right nt price
Technolo company
Managed Managed
gy Co., Actual
Ltd. Controller
Sichuan Controlle
Xuhong d by the
Equity Equity
Optoelect same
managem managem Agreeme
ronic parent 50 25.00% Currency
ent right ent right nt price
Technolo company
Managed Managed
gy Co., Actual
Ltd. Controller
Shijiazhu
Controlle
ang
d by the
Xuxin Equity Equity
same
Optoelect managem managem Agreeme
parent 50 25.00% Currency
ronic ent right ent right nt price
company
Technolo Managed Managed
Actual
gy Co.,
Controller
Ltd.
Total -- -- 76,326.1 -- -- -- -- --
Report the actual implementation of the These related party transactions in the company's 2014 daily related transaction
normal related transactions which were were expected.
22
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
projected about their total amount by types
during the reporting period(if any)
2. Related-party transactions arising from asset acquisition or sale
□ Applicable √ Not applicable
The Company was not involved in any related-party transactions arising from asset acquisition or sale during the reporting period.
3. Related-party transitions with joint investments
□ Applicable √ Not applicable
The Company was not involved in any related-party transaction with joint investments during the reporting period.
4. Credits and liabilities with related parties
√Applicable □ Not applicable
Was there any non-operating credit or liability with any related party?
□ Yes √ No
There is no any credit and liability with related parties of the Company of the reporting period.
5. Other significant related-party transactions
□ Applicable √ Not applicable
The Company was not Other significant related-party transactions during the reporting period.
V. Particulars about the non-operating occupation of funds by the controlling shareholder and other
related parties of the Company
□ Applicable √ Not applicable
The Company was not involved in the non-operating occupation of funds by the controlling shareholder and other
related parties during the reporting period..
VI. Particulars about significant contracts and their fulfillment
1. Particulars about trusteeship, contract and lease
(1) Trusteeship
√Applicable □Not applicable
Description of custodies
Wuhu Dongxu Optoelectronic Technology.Company,a wholly-owned subsidiary of the Company is mainly engaged in the
23
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
production and sales of panel display glass substrate. It have intra-industry competition with Dongxu Group, the controlling
shareholder and its related parties. To effectively solve the problem of horizontal competition between the Company and related
parties, Dongxu Group, Dongxu Optoelectronic Investment and Baoshi Group respectively entrusted equity of Dongxu (Yingkou)
Optoelectronic Display Co., Ltd., equity of Sichuan Xuhong Optoelectronic Technology Co., Ltd., equity of Zhengzhou Xufei
Optoelectronic Technology Co., Ltd. and Equityof Shijiazhuang Xuxin Optoelectronic Technology Co., Ltd. held by them to the
Company for management.the Company was entrusted to manage the operation right of Dongxu (Yingkou) Company, Sichuan
Xuhong Optoelectronic , Zhengzhou Xufei Copany and Shijiazhuang Xuxin Company. The company shall exclusively conduct the
operation, management, supervision and direction to above four companies,and shall have full discretion and control of all matters of
the operation and management for above four companies.
Projects that have brought about gains/losses to the company taking over 10% of the Company’s total profit in the reporting period
□ Applicable√ Not applicable
The Company had no item generated over 10% gains/losses in total profit in reporting period for the Company in Period.
2.Guarantees
√Applicable □Not applicable
In RMB’0000
External Guarantee (Exclude controlled subsidiaries)
Guarante
Relevant e
Date of
disclosure Complete for
happening Actual
Name of the date/No. of Amount of Guarantee Guarantee implemen associate
(Date of mount of
Company the Guarantee type term tation d
signing guarantee
guaranteed or not parties
agreement)
amount (Yes or
no)
Zhengzhou Xufei The joint
December
Optoelectronic 19,821.95 January 3, 2014 19,821.95 liability No Yes
11, 2013
Technology Co., Ltd. guaranty
Sichuan Xuhong The joint
December
Optoelectronic 16,353.39 January 3, 2014 16,353.39 liability No Yes
11, 2013
Technology Co., Ltd. guaranty
Total of external guarantee Total of actual external
0 36,175.34
approved in Period(A1) guarantee in Period(A2)
Total balance of actual
Total of external guarantee
36,175.34 external guarantee at 36,175.34
approved at Period-end(A3)
Period-end(A4)
Guarantee of the Company for the controlling subsidiaries
Name of the Relevant Amount Date of Actual Guarantee Guarantee Complete Guarante
Company disclosure of happening mount of type term implemen e
24
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
guaranteed date/No. of guarantee (Date o guarantee tation for
the signing or associate
guaranteed agreement) not d
amount parties
(Yes or
no)
Wuhu Dongxu
Optoelectronic April 28, Joint liability
150,000 0 No No
Equipment 2014 guarantee
Technology Co., Ltd.
Total of actual guarantee
Total of guarantee for subsidiaries
150,000 for subsidiaries in the 0
approved in the Period (B1)
Period (B2)
Total of actual guarantee
Total of guarantee for subsidiaries
370,000 for subsidiaries at 220,000
approved at Period-end (B3)
Period-end (B4)
Total of Company’s guarantee（namely total of the large two aforementioned）
Total of guarantee in the Period Total of actual guarantee in
150,000 36,175.34
(A1+B1) the Period (A2+B2)
Total of guarantee at Total of actual guarantee
406,175.34 256,175.34
Period-end(A3+B3) atPeriod-end (A4+B4)
The proportion of the total amount of actually
guarantee in the net assets of the Company(that is A4+ 41.18%
B4)（%）
Including：
Amount of guarantee for shareholders, actual controller and its
36,175.34
associated parties(C)
Explanations about joint and several liability for repayment in
N/A
respect of undue guarantee (if any)
Description of the guarantee with complex method
VII. Commitments made by the Company or shareholders holding over 5% of the Company’s shares in the
reporting period or such commitments carried down into the reporting period
√ Applicable □Not applicable
Time of
Peiod of
Commitment Commitment maker Contents making Fulfillment
commitment
commitment
Commitment Shijiazhuang Baoshi If listed companies plans to sell tradable stocks July 23, Long-term Under
25
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
on share Electronics Group through the bid trading system of Shenzhen Stock 2009 effective Fulfillment
reform Co., Ltd Exchange and sell greater than 5% of shares
within six months after the first sales, will
disclose the contents specified by the Form Guide
to Prompt Announcement of Removing
Restriction on Sales of Non-tradable Stocks of
Listed Companies through the prompt
announcement of disclosing sales of listed
companies.
Commitment in
the acquisition
report or the
report on equity
changes
Commitment
made upon the
assets
replacement
1.From the date of commitment letter issued,
except the managed hosting company for
Dongxue Optoelectronic , this company and
majority-owned subsidiaries do not in any way,
directly or indirectly engaged in business and
Dongxue Optoelectronic and its subsidiaries are
the same, or similar, future Dongxue
Optoelectronic shares and its subsidiaries are not
engaged in the same or similar businesses.
2.The company assurances against the use of
precious stones share any act prejudicial to the
Dongxu Group, control relationship of Dongxu Optoelectronic
Commitments
Shijiazhuang Baoshi interests and its wholly-owned subsidiaries, April 1, Long-term Under
made upon
Electronics Group holding, or causing Dongxue Optoelectronic 2012 effective Fulfillment
issuance
Co., Ltd. shares and its wholly-owned subsidiaries, holding
form business competition decisions. 3. The
company will not directly invest, purchase and
Dongxu Optoelectronic identical or similar
business enterprises and projects.
4.If the assets owned by the Dongxu
Optoelectronic . compete with , the company will
adopt effective measures and give up the same
business. 5. If the company has horizontal
competition with Dongxu Optoelectronic and lead
to lose to it, the company will bear all the
responsibilities.
26
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
6. Before December 31, 2015, by way of
designated placement, the company will transfer
all the shares that Dongxu Optoelectronic
Investment, entrusted to Zhengzhou Xufei
company and all the shares that are entrusted to
Baoshi Group, to Dongxu Optoelectronics; Before
December 31, 2016, by way of designated
placement, the company will transfer all the
shares that Dongxu Group entrusted to Dongxu
Yingkou and Sichuan Xuhong to Dongxu
Optoelectronics. Within the time limit mentioned
above, if there were the external factors such as a
depression of industry as a whole, or the changes
in regulatory requirements, which lead to the
result that the shares of hosting company can not
meet the requirements of capital investment, Li
Zhaoting, the actual controller, Dongxu
Optoelectronic Investment , Dongxu Group and
Baoshi Group as well as the company will
actively negotiate with related parties, continue to
entrust the above mentioned shares and the power
of management to Dongxu Optoelectronics.
Within the period when the company is still the
controlling shareholder of Dongxu
Optoelectronics, the commitments are in effect.
Dongxu Group Co., Ltd. subscribed for 25.01% From April
Dongxu Group Co., of the shares privately issued by the Company and April 17, 18, 2013 to Under
Ltd. promised that the period of sale restriction of such 2013 April 17, Fulfillment
shares was 36 months from the first day of listing. 2016.
On September 18, 2006, the Company provided
guarantee, together with Baoshi Group Co., Ltd.,
for the application of Shijiazhuang Construction
Investment Co., Ltd. for loan of RMB 70 million) His signed an
with some land and houses (with appraised value agreement
Other
of RMB 30.3018 million) (The valid guarantee with
commitments Shijiazhuang Baoshi
value for the Company is RMB 18.80 million). March 28, Long-term creditors ,
made to Electronics Group
The guarantee period is one year. The type of 2009 effective agreed to lift
minority Co., Ltd.
guarantee is mortgage guarantee. At present, the the obligation
shareholders
valid term of this guarantee has expired. The secured of
controlling shareholder has made corresponding the company
commitment in respect of the loss that may be
incurred by this guarantee. On October 15, 2012,
Shijiazhuang Baoshi Electronics Group Co., Ltd.
27
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
made the following notes to this commitment:
"The mode of commitment fulfilled by Baoshi
Group: Where the Dongxu Optoelectronic is
liable to make compensation for this.
If Dongxu Group loses the case in which U.S.
Conning sued Dongxu Group in respect of
infringement upon business secrets according to
the final judgment of China's court and economic The two sides
losses are thus incurred to the production and have signed
Dongxu Group, operation of panel display glass substrate by the an
Shijiazhuang Baoshi Company and its subsidiaries, our company will October, Long-term agreement,
Electronics Group compensate the Company and its subsidiaries for 2012 effective the court has
Co., Ltd. the economic losses thus incurred. After the been closed
non-public issue of controlling shareholders in mediation
Dongxu Group is committed to compensate the
economic losses of Baoshi group and its
subsidiaries
Executed timely
Yes
or not?
28
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
VI. Change of share capital and shareholding of Principal
Shareholders
Ⅰ.Changes in share capital
In shares
Before the change Increase/decrease（+，-） After the Change
Amount Proportion Capitalizat
ion of
Share Bonus Proportio
common Other Subtotal Quantity
allotment shares n
reserve
fund
I. Share with conditional 130,112,7 260,225,4 260,225,4 390,338,1
14.41% 14.41%
subscription 23 46 46 69
130,112,7 260,225,4 260,225,4 390,338,1
3.Other domestic shares 14.41% 14.41%
23 46 46 69
Of which：Domestic legal 130,103,0 260,206,0 260,206,0 390,309,0
14.41% 14.41%
person shares 00 00 00 00
Domestic natural person
9,723 0.00% 19,446 19,446 29,169 0.00%
shares
II. Shares with 772,887,2 1,545,774, 1,545,774, 2,318,661
85.59% 85.59%
unconditional subscription 77 554 554 ,831
1.Common shares in RMB 672,887,2 74.52%
1,345,774, 1,345,774, 2,018,661
74.52%
77 554 554 ,831
2.Foreign shares in 100,000,0 200,000,0 200,000,0 300,000,0
11.07% 11.07%
domestic market 00 00 00 00
903,000,0 1,806,000, 1,806,000, 2,709,000
III. Total of capital shares 100.00% 100.00%
00 000 000 ,000
Reasons for share changed:
√Applicable□ Not applicable
On May 27, 2014, the company intended to implement the following distribution of profits and capital reserve
plan:The company implemented annual capital reserve plan of the year 2013 On the base of December 31,
2013 ,903 million shares of the total share capital, the company would distribute20 shares to all the shareholders
for every 10 shares, for a total distribution of1806million shares. The total share capital of the Company will be
increased to 2709 million shares after capitalization.
Approval of Change of Shares
√Applicable□ Not applicable
29
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
on May 19, 2014, the Company 2013 Annual General Meeting examined and adopted the "the Company annual plan of distribution
of profits and capital reserve of 2013."Ownership transfer of share changes
□ Applicable √ Not applicable
Influence on the basic EPS and diluted EPS as well as other financial indexes of net assets per share attributable to common
shareholders of Company in latest year and period
√Applicable□ Not applicable
After. the implementation of the capitalization shares, according to the new share capital 2,709,000,000 shares diluted basis, in 2013
the annual basic EPS and diluted EPS is 0.17 yuan
Other information necessary to disclose for the company or need to disclosed under requirement from security
regulators
□ Applicable √ Not applicable
Explanation on changes in aspect of total shares, shareholders structures as well as structure of assets and liability
of the Company
□ Applicable √ Not applicable
II. Shareholders and actual controlling shareholder
In Shares
Total number of preferred
Total number of common 32,359（Including25,065 shareholders
shareholders that had restored the
shareholders at the end of the holding A shares and 7,294 shareholders 0
voting right at the end of the
reporting period holding B shares）
reporting period (if any) (note 8)
Shareholding of shareholders holding more than 5% shares
Number of Amount Number os share
Changes Amount of
Proportion of shares of pledged/frozen
Nuture of in un-restrict
Shareholders shares held held at restricte
shareholder reportin ed shares State of
（%） period d shares Amount
g period held share
-end held
Domestic Non
390,093,0 390,093,
Dongxu Group -State-owned 14.40% Pledge 390,093,000
00 000
legal person
Huarong Secrities－ICBC－
Huarong Fixed Growth No. 1 371,517,0 371,517,0
Other 13.71%
Limited-amount Specific 00 00
Asset Management Program
Domestic
Shijiazhuang Baoshi Non-State-ow 332,380,9 332,380,9
12.27% Pledge 120,000,000
Electronic Group Co., Ltd. ned legal 50 50
person
Yinmin Fund Company－ 176,100,0 176,100,0
Other 6.50%
Minsheng－Yinmin Fund 00 00
30
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
Non-Public Issuing Assets
Management Plan
Minsheng Jiayin Fund
Company－Minsheng－
157,902,0 157,902,0
Pingan Trust－Pingan Other 5.83%
00 00
Wealth Huitai No.11
Collective fund trust plan
Huitianfu Fund Company－
Agricultural Bank of China
123,837,0 123,837,0
－SDIC Trust Golden Eagle Other 4.57%
00 00
No.108 Collective Fund trust
plan
Dacheng Fund Company－
Agricultural Bank of China－
123,837,0 123,837,0
SDIC Tust Golden Eagle Other 4.57%
00 00
No.109 Collective Fund trust
plan
Guangfa Fund Company－
Agricultural Bank of China－
123,837,0 123,837,0
SDIC Tust Golden Eagle Other 4.57%
00 00
No.109 Collective Fund trust
plan
International Finance －
ICBC－Zhongjin Increase 92,877,00 92,877,00
Other 3.43%
No.1 Collective Assets 0 0
Management plan
National Social Security Fund 20,400,00 20,400,00
Other 0.75%
portfolio 108 0 0
Among the top ten shareholders, Dongxu Group and Baoshi Group have relationship
and constitute persons taking concerted action. The Company does not know
Explanation on associated relationship
whetherthere is relationship between other 8 shareholders or whether they are
among the aforesaid shareholders
persons takingconcerted action defined in Administrative Measures Relating to
Acquisitions ofListed Companies.
Shareholding of top 10 shareholders of unrestricted shares
Quantity of unrestricted Share type
Name of the shareholder shares held at the end of
Share type Quantity
the reporting period
Huarong Secrities－ICBC－Huarong Fixed Growth No. 1 RMB Common
371,517,000 371,517,000
Limited-amount Specific Asset Management Program shares
RMB Common
Shijiazhuang Baoshi Electronic Group Co., Ltd. 332,380,950 332,380,950
shares
31
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
Yinmin Fund Company－Minsheng－Yinmin Fund Non-Public RMB Common
176,100,000 176,100,000
Issuing Assets Management Plan shares
Minsheng Jiayin Fund Company－Minsheng－Pingan Trust－ RMB Common
157,902,000 157,902,000
Pingan Wealth Huitai No.11 Collective fund trust plan shares
Huitianfu Fund Company－Agricultural Bank of China－SDIC RMB Common
123,837,000 123,837,000
Trust Golden Eagle No.108 Collective Fund trust plan shares
Dacheng Fund Company－Agricultural Bank of China－SDIC RMB Common
123,837,000 123,837,000
Tust Golden Eagle No.109 Collective Fund trust plan shares
Guangfa Fund Company－Agricultural Bank of China－SDIC RMB Common
123,837,000 123,837,000
Tust Golden Eagle No.109 Collective Fund trust plan shares
International Finance －ICBC－Zhongjin Increase No.1 RMB Common
92,877,000 92,877,000
Collective Assets Management plan shares
RMB Common
National Social Security Fund portfolio 108 20,400,000 20,400,000
shares
Foreign shares
placed in
Taifook Securities Company Limited-Account Client 19,961,605 19,961,605
domestic
exchange
Among the top ten shareholders holding non-restricted negotiable
shares, Dongxu Group and Baoshi Group have relationship and
Explanation on associated relationship or consistent action
constitute persons taking concerted action. The Company does not
among the top 10 shareholders of non-restricted
know whether there is relationship between the other top 10
negotiable shares and that between the top 10 shareholders of
shareholders holding non-restricted negotiable shares and between
non-restricted negotiable shares and top 10 shareholders
such shareholders
and the other top 10 shareholders
Was there any agreed repurchasing trade by shareholders in the report period.
□ Yes √ No
No agreed repurchasing trade by shareholders in the report period.
III. Change of the controlling shareholder or the actual controller
Change of the controlling shareholder in the reporting period
□ Applicable √ Not Applicable
There was no any change of the controlling shareholder of the Company in the reporting period.
Change of the actual controller in the reporting period
□ Applicable √ Not applicable
There was no any change of the actual controller of the Company in the reporting period.
32
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
VII. Information about Directors, Supervisors and Senior Executives
I. Change in shares held by directors, supervisors and senior executives
√ Applicable □ Not applicable
Shares Shares
Shares put
holding at Shares under
Shares Shares under
the held at the restriction Shares under
Office increased decreased restriction
Name Positions beginning end of at restriction at end of
status this term this term in the
of term(share beginning period（shares）
（shares） （shares） period
term(share s) of period
（shares）
s) （shares）
Li Board
In office 0 0 0 0 0 0 0
Zhaoting chairman
Zhou Bo Director In office 9,724 19,448 0 29,172 0 0 0
Director,
Fu
Board In office 0 0 0 0 0 0 0
Yingfang
secretary
Niu Jianlin Director In office 0 0 0 0 0 0 0
Independe
Lu Guihua In office 0 0 0 0 0 0 0
nt director
Independe
Mu Tiehu In office 0 0 0 0 0 0 0
nt director
Zhang Independe
In office 0 0 0 0 0 0 0
Shuangcai nt director
Chairman
of the
Guo
supervisor In office 0 0 0 0 0 0 0
Zhisheng
y
committee
Wang
Supervisor In office 0 0 0 0 0 0 0
Jianqiang
Xie
Mengxion Supervisor In office 0 0 0 0 0 0 0
g
Jia Qinjun Supervisor In office 0 0 0 0 0 0 0
Liu Li Supervisor In office 0 0 0 0 0 0 0
Shi General In office 0 0 0 0 0 0 0
33
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
Zhiqiang Manager
Deputy
Liu Wentai General In office 0 0 0 0 0 0 0
Manager
Deputy
Hou
General In office 0 0 0 0 0 0 0
Jianwei
Manager
Deputy
Wang
General In office 0 0 0 0 0 0 0
Xiaohu
Manager
Li Financial
In office 0 0 0 0 0 0 0
Quannian Manager
Zhang Independe Resigned
0 0 0 0 0 0 0
Qunsheng nt Director
Total -- -- 9,724 19,448 0 29,172 0 0 0
II. Changes in directors, supervisors and senior management staffs
√ Applicable □ Not Applicable
Name Tiles Type Date Causes
According to the Central Organization Department notice
Independent
Zhang Chunseng Dismissal May 18,2014 , individually applied to resign from independent director.
director
Independent
Lu Guihua Hire May 19,2014 New hire
director
34
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
VIII. Financial Report
Ⅰ. Audit report
Has this semi-annual report been audited?
□ Yes √ No
The semi-annual financial report has not been audited.
II. Financial statements
Currency unit for the statements in the notes to these financial statements:RMB
1.Consolidated Balance sheet
Prepared by: Dongxu Optoelectronic Technology Co., Ltd.
In RMB
Items Year-end balance Year-beginning balance
Current asset：
Monetary fund 1,732,658,157.43 2,586,660,951.04
Settlement provision
Outgoing call loan
Trading financial assets
Bill receivable 397,800,000.00
Account receivable 1,579,215,223.12 943,285,462.11
Prepayments 3,814,217,028.77 2,788,962,137.94
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts
receivable
Interest receivable
Dividend receivable
Other account receivable 62,113,548.66 29,300,640.49
Repurchasing of financial assets
Inventories 202,650,541.65 298,619,165.08
Non-current asset due in 1 year
35
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
Other current asset 94,813,548.62 75,632,804.57
Total of current assets 7,883,468,048.25 6,722,461,161.23
Non-current assets：
Loans and payment on other’s behalf
disbursed
Disposable financial asset
Expired investment in possess
Long-term receivable
Long term share equity investment
Property investment 12,216,614.26
Fixed assets 1,377,164,492.17 141,108,554.36
Construction in progress 1,449,231,729.09 1,914,118,112.98
Engineering material 7,807,847.40 112,687,660.04
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 167,448,036.26 112,787,665.77
R & D petrol 2,307,406.77
Goodwill
Long-germ expenses to be amortized
Differed income tax asset 67,928,347.12 17,598,632.50
Other non-current asset
Total of non-current assets 3,071,887,858.81 2,310,517,239.91
Total of assets 10,955,355,907.06 9,032,978,401.14
Current liabilities
Short-term loans 540,000,000.00 580,000,000.00
Loan from Central Bank
Deposit received and hold for others
Call loan received
Trade off financial liabilities
Bill payable 705,000,000.00 150,000,000.00
Account payable 351,494,831.35 134,665,580.06
Advance payment 13,611,157.83 3,451,630.20
Selling of repurchased financial
assets
36
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
Fees and commissions receivable
Employees’ wage payable 19,316,740.46 17,885,009.53
Tax payable -161,525,662.87 -168,850,322.26
Interest payable 5,543,923.61
Dividend payable
Other account payable 87,201,521.76 46,922,065.04
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Non-current liability due in 1 year
Other current liability 61,548,000.00 60,989,000.00
Total of current liability 1,622,190,512.14 825,062,962.57
Non-current liabilities：
Long-term loan 3,000,000,000.00 2,300,000,000.00
Bond payable
Long-term payable
Special payable
Expected liabilities
Differed income tax liability
Other non-current liabilities 19,865,000.00 33,714,000.00
Differed income 3,019,865,000.00 2,333,714,000.00
Total of liability 4,642,055,512.14 3,158,776,962.57
Owners’ equity
Share capital 2,709,000,000.00 903,000,000.00
Capital reserves 3,130,613,311.80 4,936,613,311.80
Less：Shares in stock
Special reserves
Surplus reserves 27,454,788.05 27,454,788.05
Common risk provision
Undistributed profit 354,142,276.09 -53,394,384.81
Different of foreign currency
translation
Total of owner’s equity belong to the
6,221,210,375.94 5,813,673,715.04
parent company
37
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
Minority shareholders’ equity 92,090,018.98 60,527,723.53
Total of owners’ equity 6,313,300,394.92 5,874,201,438.57
Total of liabilities and owners’ equity 10,955,355,907.06 9,032,978,401.14
2. Balance sheet of the Parent Company
Prepared by: Dongxu Optoelectronic Technology Co., Ltd. In RMB
Items Year-end balance Year-beginning balance
Current asset：
Monetary fund 86,717,982.80 29,805,307.79
Trading financial assets
Bill receivable
Account receivable 24,820,022.80 16,547,491.42
Prepayments 24,839,328.26 25,310,796.89
Interest receivable
Dividend receivable
Other account receivable 179,758,741.09 432,062,236.88
Inventories 17,125,753.17 19,766,175.81
Non-current asset due in 1 year
Other current asset 19,211.84 19,211.84
Total of current assets 333,281,039.96 523,511,220.63
Non-current assets：
Disposable financial asset
Expired investment in possess
Long-term receivable
Long term share equity investment 5,068,912,035.49 4,728,458,306.96
Property investment 4,203,586.44
Fixed assets 58,752,553.02 31,342,639.14
Construction in progress 23,712,084.39
Engineering material
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 10,684,396.66 10,847,178.52
R & D petrol
38
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
Goodwill
Long-germ expenses to be amortized
Differed income tax asset 8,034,510.33 8,034,510.33
Other non-current asset
Total of non-current assets 5,146,383,495.50 4,806,598,305.78
Total of assets 5,479,664,535.46 5,330,109,526.41
Current liabilities
Short-term loans 100,000,000.00
Trade off financial liabilities
Bill payable
Account payable 14,553,659.93 16,158,244.45
Advance payment 1,003,175.40 6,702,336.70
Employees’ wage payable 3,557,092.36 3,964,746.75
Tax payable 1,178,822.18 1,676,183.24
Interest payable
Dividend payable
Other account payable 169,890,774.09 105,904,670.83
Non-current liability due in 1 year
Other current liability 20,000.00 20,000.00
Total of current liability 290,203,523.96 134,426,181.97
Non-current liabilities：
Long-term loan
Bond payable
Long-term payable
Special payable
Expected liabilities
Differed income tax liability
Other non-current liabilities 45,000.00 45,000.00
Total of Non-current liabilities 45,000.00 45,000.00
Total of liability 290,248,523.96 134,471,181.97
Owners’ equity
Share capital 2,709,000,000.00 903,000,000.00
Capital reserves 2,993,360,997.35 4,799,360,997.35
Less：Shares in stock
39
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
Special reserves
Surplus reserves 32,204,150.60 32,204,150.60
Commonly risk Reserves
Undistributed profit -545,149,136.45 -538,926,803.51
Different of foreign currency
translation
Total of owners’ equity 5,189,416,011.50 5,195,638,344.44
Total of liabilities and owners’ equity 5,479,664,535.46 5,330,109,526.41
3. Consolidated Profit statement
Prepared by: Dongxu Optoelectronic Technology Co., Ltd. In RMB
Item Report period Same period of the previous year
I. Income from the key business 909,974,743.09 255,042,354.08
Incl：Business income 909,974,743.09 255,042,354.08
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 556,604,695.22 166,836,512.21
Incl：Business cost 433,071,741.04 108,592,058.10
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Insurance policy dividend paid
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 15,054,887.96 4,007,572.47
Sales expense 4,393,918.77 3,820,269.81
Administrative expense 80,606,612.19 52,662,936.51
Financial expenses 23,389,000.06 -2,146,225.05
Asset impairment loss 88,535.20 -100,099.63
Add：Gains from change of fir value
（―-‖for loss）
Investment gain（―-‖for loss）
40
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
Incl: investment gains from affiliates
Gains from currency exchange
（―-‖for loss）
III. Operational profit（―-‖for loss 353,370,047.87 88,205,841.87
Add：Non-business income 180,811,244.28 108,090,806.73
Less：Non business expenses 11,600.24 510,606.03
Incl：Loss from disposal of non-current
assets
IV.Total profit(―-‖for loss) 534,169,691.91 195,786,042.57
Less：Income tax expenses 95,070,735.56 55,532,146.72
V. Net profit（―-‖for net loss 439,098,956.35 140,253,895.85
Including: Net profit realized by the
entity taken over before the takeover
Net profit attributable to the owners
407,536,660.90 113,967,626.00
of parent company
Minority shareholders’ equity 31,562,295.45 26,286,269.85
VI. Earnings per share： -- --
（I）Basic earnings per share 0.15 0.2
(II)Diluted earnings per share 0.15 0.2
VII. Other comprehensive income
VIII. Total comprehensive income 439,098,956.35 140,253,895.85
Total comprehensive income
attributable to the owner of the parent 407,536,660.90 113,967,626.00
company
Total comprehensive income
31,562,295.45 26,286,269.85
attributable minority shareholders
4. Profit statement of the Parent Company
Prepared by: Dongxu Optoelectronic Technology Co., Ltd. In RMB
Items Report period Same period of the previous year
I. Income from the key business 21,304,558.48 46,985,616.08
Incl：Business cost 18,423,075.94 35,568,317.91
Business tax and surcharge 118,271.63 1,760,600.33
Sales expense 102,322.30 264,995.03
Administrative expense 13,243,377.52 12,089,130.43
Financial expenses 464,153.66 -1,514,963.34
41
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
Asset impairment loss -950.00 -100,099.63
Add：Gains from change of fir value
（―-‖for loss）
Investment gain（―-‖for loss）
Incl: investment gains from affiliates
II. Operational profit（―-‖for loss -11,045,692.57 -1,082,364.65
Add：Non-business income 4,827,879.87 3,010,400.00
Less：Non business expenses 4,520.24
Incl：Loss from disposal of
non-current assets
III.Total profit(―-‖for loss) -6,222,332.94 1,928,035.35
Less：Income tax expenses 2,436,326.84
IV. Net profit（―-‖for net loss） -6,222,332.94 -508,291.49
V. Earnings per share： -- --
（I）Basic earnings per share
(II)Diluted earnings per share
VI. Other comprehensive income
VII. Total comprehensive income -6,222,332.94 -508,291.49
5. Consolidated Cash flow statement
Prepared by: Dongxu Optoelectronic Technology Co., Ltd. In RMB
Items Report period Same period of the previous year
I.Cash flows from operating activities
Cash received from sales of goods or
49,344,056.60 364,183,246.79
rending of services
Net increase of customer deposits
and capital kept for brother company
Net increase of loans from central
bank
Net increase of inter-bank loans
from other financial bodies
Cash received against original insurance
contract
Net cash received from reinsurance
business
Net increase of client deposit and
42
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
investment
Net increase of trade financial
asset disposal
Cash received as interest, processing
fee and commission
Net increase of inter-bank fund received
Net increase of repurchasing business
Tax returned 60,396,989.72 43,044,066.73
Other cash received from business
201,797,068.93 93,198,634.20
operation
Sub-total of cash inflow 311,538,115.25 500,425,947.72
Cash paid for purchasing of
1,289,412,169.27 1,085,639,220.76
merchandise and services
Net increase of client trade and
advance
Net increase of savings n central
bank and brother company
Cash paid for original contract claim
Cash paid for interest, processing fee
and commission
Cash paid for policy dividend
Cash paid to staffs or paid for staffs 85,309,285.08 97,041,830.56
Taxes paid 228,336,359.48 102,756,784.36
Other cash paid for business
200,282,386.47 132,037,097.73
activities
Sub-total of cash outflow from
1,803,340,200.30 1,417,474,933.41
business activities
Cash flow generated by business
-1,491,802,085.05 -917,048,985.69
operation, net
II.Cash flow generated by investing
Cash received from investment
retrieving
Cash received as investment gains
Net cash retrieved from disposal of
fixed assets, intangible assets, and other
long-term assets
Net cash received from disposal of
43
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
subsidiaries or other operational units
Net cash received from disposal of
21,508,443.43
subsidiaries or other operational units
Sub-total of cash inflow due to
21,508,443.43
investment activities
Cash paid for construction of fixed
assets, intangible assets and other 617,734,996.28 1,312,507,717.64
long-term assets
Cash paid as investment 20,513,728.53
Net increase of loan against pledge
Net cash received from subsidiaries and
other operational units
Other cash paid for investment
activities
Sub-total of cash outflow due to
638,248,724.81 1,312,507,717.64
investment activities
Net cash flow generated by investment -616,740,281.38 -1,312,507,717.64
III.Cash flow generated by financing
Cash received as investment 4,970,800,000.00
Incl: Cash received as investment
from minor shareholders
Cash received as loans 1,715,000,000.00 1,615,000,000.00
Cash received from bond placing
Other financing –related ash received 4,388,661.78
Sub-total of cash inflow from
1,715,000,000.00 6,590,188,661.78
financing activities
Cash to repay debts 290,000,000.00 510,000,000.00
Cash paid as dividend, profit, or
106,468,388.77 51,856,136.11
interests
Incl: Dividend and profit paid by
subsidiaries to minor shareholders
Other cash paid for financing activities 17,342,000.61 9,781,356.35
Sub-total of cash outflow due to
413,810,389.38 571,637,492.46
financing activities
Net cash flow generated by financing 1,301,189,610.62 6,018,551,169.32
IV. Influence of exchange rate
alternation on cash and cash equivalents
44
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
V.Net increase of cash and cash
-807,352,755.81 3,788,994,465.99
equivalents
Add: balance of cash and cash
2,465,010,913.24 110,770,070.84
equivalents at the beginning of term
VI.Balance of cash and cash equivalents
1,657,658,157.43 3,899,764,536.83
at the end of term
6. Cash flow statement of the Parent Company
Prepared by: Dongxu Optoelectronic Technology Co., Ltd In RMB
Items Report period Same period of the previous year
I.Cash flows from operating activities
Cash received from sales of goods or
2,961,260.02 37,868,873.04
rending of services
Tax returned 7,206.86
Other cash received from business
705,272,227.65 10,400.00
operation
Sub-total of cash inflow 708,240,694.53 37,879,273.04
Cash paid for purchasing of
605,820.09 8,919,898.18
merchandise and services
Cash paid to staffs or paid for staffs 6,405,716.76 8,737,342.15
Taxes paid 2,382,458.67 1,461,357.65
Other cash paid for business
401,480,295.47 927,206,384.87
activities
Sub-total of cash outflow from
410,874,290.99 946,324,982.85
business activities
Cash flow generated by business
297,366,403.54 -908,445,709.81
operation, net
II.Cash flow generated by investing
Cash received from investment
retrieving
Cash received as investment gains
Net cash retrieved from disposal of
fixed assets, intangible assets, and other
long-term assets
Net cash received from disposal of
subsidiaries or other operational units
Other cash receivable for investment
45
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
activities
Sub-total of cash inflow due to
investment activities
Cash paid for construction of fixed
assets, intangible assets and other
long-term assets
Cash paid as investment 340,453,728.53 4,016,064,000.00
Net cash received from subsidiaries and
other operational units
Other cash paid for investment
activities
Sub-total of cash outflow due to
340,453,728.53 4,016,064,000.00
investment activities
Net cash flow generated by investment -340,453,728.53 -4,016,064,000.00
III.Cash flow generated by financing
Cash received from capital
4,970,800,000.00
contributions
Cash received as loans 100,000,000.00
Cash received from bond placing
Other financing –related ash received 1,531,406.95
Sub-total of cash inflow from
100,000,000.00 4,972,331,406.95
financing activities
Cash to repay debts
Cash paid as dividend, profit, or
interests
Other cash paid for financing activities 9,741,694.15
Sub-total of cash outflow due to
9,741,694.15
financing activities
Net cash flow generated by financing 100,000,000.00 4,962,589,712.80
IV. Influence of exchange rate
alternation on cash and cash equivalents
V.Net increase of cash and cash
56,912,675.01 38,080,002.99
equivalents
Add: balance of cash and cash
29,805,307.79 1,602,670.30
equivalents at the beginning of term
VI.Balance of cash and cash equivalents
86,717,982.80 39,682,673.29
at the end of term
46
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
7. Consolidated Statement on Change in Owners’ Equity
Prepared by: Dongxu Optoelectronic Technology Co., Ltd.
Report period In RMB
Report period
Owner’s equity Attributable to the Parent Company
Minor
Items Less: Surplu Comm Total of
Capital Special Attribu sharehol
Share Shares s on risk owners’
reserve ized table Other ders’
Capital in reserve provisi equity
s reserve profit equity
stock s on
903,000 4,936,61 27,454, -53,394, 60,527,72 5,874,201,
I.Balance at the end of last year
,000.00 3,311.80 788.05 384.81 3.53 438.57
Add: Change of accounting
policy
Correcting of previous errors
Other
II.Balance at the beginning of 903,000 4,936,61 27,454, -53,394, 60,527,72 5,874,201,
current year ,000.00 3,311.80 788.05 384.81 3.53 438.57
1,806,0 -1,806,0
407,536, 31,562,29 439,098,95
III.Changed in the current year 00,000. 00,000.0
660.90 5.45 6.35
00 0
407,536, 31,562,29 439,098,95
（I） Net profit
660.90 5.45 6.35
（II）Other misc.income
407,536, 31,562,29 439,098,95
Total of (I) and (II)
660.90 5.45 6.35
(III) Investment or decreasing
of capital by owners
1. Capital inputted by owners
2．Amount of shares paid and
accounted as owners’ equity
3. Other
（IV）Profit allotment
1.Providing of surplus reserves
2.Providing of common risk
provisions
3．Allotment to the owners (or
shareholders)
47
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
4．Other
1,806,0 -1,806,0
(V) Internal transferring of
00,000. 00,000.0
owners’ equity
00 0
1,806,0 -1,806,0
1. Capitalizing of capital
00,000. 00,000.0
reserves (or to capital shares)
00 0
2. Capitalizing of surplus
reserves (or to capital shares)
3．Making up losses by
surplus reserves.
4. Other
(VI) Special reserves
1. Provided this year
2．Used this term
（VII）Other
2,709,0
IV. Balance at the end of this 3,130,61 27,454, 354,142, 92,090,01 6,313,300,
00,000.
term 3,311.80 788.05 276.09 8.98 394.92
00
Amount of the previous term In RMB
Amount of the previous term
Owner’s equity Attributable to the Parent Company
Minor
Items Less: Surplu Comm Total of
Capital Special Attribu sharehol
Share Shares s on risk owners’
reserve ized table Other ders’
Capital in reserve provisi equity
s reserve profit equity
stock s on
383,000 404,165, 27,454, -422,69 111,414,9 503,343,67
I.Balance at the end of last year
,000.00 683.34 788.05 1,693.55 00.27 8.11
Add：Retrospective adjustment
caused by merger of entities
under common control
Add: Change of accounting
policy
Correcting of previous errors
Other
II.Balance at the beginning of 383,000 404,165, 27,454, -422,69 111,414,9 503,343,67
current year ,000.00 683.34 788.05 1,693.55 00.27 8.11
III.Changed in the current year 520,000 4,532,44 369,297, -50,887,1 5,370,857,
48
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
,000.00 7,628.46 308.74 76.74 760.46
369,297, 40,247,03 409,544,33
（I） Net profit
308.74 0.38 9.12
（II）Other misc.income
369,297, 40,247,03 409,544,33
Total of (I) and (II)
308.74 0.38 9.12
(III) Investment or decreasing 520,000 4,532,44 -91,134,2 4,961,313,
of capital by owners ,000.00 7,628.46 07.12 421.34
520,000 4,441,31 4,961,313,
1. Capital inputted by owners
,000.00 3,421.34 421.34
2．Amount of shares paid and
accounted as owners’ equity
91,134,2 -91,134,2
3. Other
07.12 07.12
（IV）Profit allotment
1.Providing of surplus reserves
2.Providing of common risk
provisions
3．Allotment to the owners (or
shareholders)
4．Other
(V) Internal transferring of
owners’ equity
1. Capitalizing of capital
reserves (or to capital shares)
2. Capitalizing of surplus
reserves (or to capital shares)
3．Making up losses by
surplus reserves.
4. Other
(VI) Special reserves
1. Provided this year
2．Used this term
（VII）Other
IV. Balance at the end of this 903,000 4,936,61 27,454, -53,394, 60,527,72 5,874,201,
term ,000.00 3,311.80 788.05 384.81 3.53 438.57
49
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
8. Statement of change in owner’s Equity of the Parent Company
Prepared by: Dongxu Optoelectronic Technology Co., Ltd.
Amount of the Current term In RMB
Amount of the Current term
Items
Less: Specializ Common Total of
Share Capital Surplus Attributa
Shares in ed risk owners’
Capital reserves reserves ble profit
stock reserve provision equity
903,000,00 4,799,360, 32,204,150 -538,926,8 5,195,638,
I.Balance at the end of last year
0.00 997.35 .60 03.51 344.44
Add: Change of accounting
policy
Correcting of previous errors
Other
II.Balance at the beginning of 903,000,00 4,799,360, 32,204,150 -538,926,8 5,195,638,
current year 0.00 997.35 .60 03.51 344.44
1,806,000, -1,806,000, -6,222,332. -6,222,332.
III.Changed in the current year
000.00 000.00 94 94
-6,222,332. -6,222,332.
（I） Net profit
94 94
（II）Other misc.income
-6,222,332. -6,222,332.
Total of (I) and (II)
94 94
(III) Investment or decreasing of
capital by owners
1. Capital inputted by owners
2．Amount of shares paid and
accounted as owners’ equity
3. Other
（IV）Profit allotment
1.Providing of surplus reserves
2.Providing of common risk
provisions
3．Allotment to the owners (or
shareholders)
4．Other
(V) Internal transferring of 1,806,000, -1,806,000,
owners’ equity 000.00 000.00
50
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
1. Capitalizing of capital 1,806,000, -1,806,000,
reserves (or to capital shares) 000.00 000.00
2. Capitalizing of surplus
reserves (or to capital shares)
3．Making up losses by surplus
reserves.
4. Other
(VI) Special reserves
1. Provided this year
2．Used this term
（VII）Other
IV. Balance at the end of this 2,709,000, 2,993,360, 32,204,150 -545,149,1 5,189,416,
term 000.00 997.35 .60 36.45 011.50
Amount of the previous term In RMB
Amount of the previous term
Items
Less: Specializ Common Total of
Share Capital Surplus Attributa
Shares in ed risk owners’
Capital reserves reserves ble profit
stock reserve provision equity
383,000,00 358,047,57 32,204,150 -565,954,6 207,297,09
I.Balance at the end of last year
0.00 6.01 .60 36.04 0.57
Add: Change of accounting
policy
Correcting of previous errors
Other
II.Balance at the beginning of 383,000,00 358,047,57 32,204,150 -565,954,6 207,297,09
current year 0.00 6.01 .60 36.04 0.57
520,000,00 4,441,313, 27,027,832 4,988,341,
III.Changed in the current year
0.00 421.34 .53 253.87
27,027,832 27,027,832
（I） Net profit
.53 .53
（II）Other misc.income
27,027,832 27,027,832
Total of (I) and (II)
.53 .53
(III) Investment or decreasing of 520,000,00 4,441,313, 4,961,313,
capital by owners 0.00 421.34 421.34
520,000,00 4,441,313, 4,961,313,
1. Capital inputted by owners
0.00 421.34 421.34
51
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
2．Amount of shares paid and
accounted as owners’ equity
3. Other
（IV）Profit allotment
1.Providing of surplus reserves
2.Providing of common risk
provisions
3．Allotment to the owners (or
shareholders)
4．Other
(V) Internal transferring of
owners’ equity
1. Capitalizing of capital
reserves (or to capital shares)
2. Capitalizing of surplus
reserves (or to capital shares)
3．Making up losses by surplus
reserves.
4. Other
(VI) Special reserves
1. Provided this year
2．Used this term
（VII）Other
IV. Balance at the end of this 903,000,00 4,799,360, 32,204,150 -538,926,8 5,195,638,
term 0.00 997.35 .60 03.51 344.44
III.Brief introduction of the Company：
Approved by Hebei Economic System Reform Commission with the Approval of Establishment of Dongxu Optoelectronic
Technology Co., Ltd.（Hereinafter referred to as ―The Company‖or ―Dongxu Optoelectronic‖）(Ji Ti Gfai Wei Gu Zi(1992) No.5
Document) in 1992, Shijiazhuang Baoshi Electronic Glass Co., Ltd. is a joint stock limited company company jointly established by
Shijiazhuang Kinescope General Factory (transformed into Shijiazhuang Baoshi Electronics Group Co., Ltd.later), China Electronic
Import and export Corporaqtion and Zonghua Hebei Import and Export Company. At the Time of establishment, the Company had
25.68 million shares (the par value of each share is RMB 10) and total share capital of RMB 256.80 million.
On July 17, 1993, the Company held a provisional shareholders' general meeting and decided to split the stock equity with par value of
RMB 10 per share into stock equity with par value of RMB 1 per share. As a result, the total number of the Company's shares became
256.80 million and its total share capital became RMB 256.80 million.
On July 17, 1993, the Company held a provisional shareholders' general meeting and decided to split the stock equity with par value of
RMB 10 per share into stock equity with par value of RMB 1 per share. As a result, the total number of the Company's shares became
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
256.80 million and its total share capital became RMB 256.80 million.
Approved by Securities Commission under State Council with the Approval of Issue of 100 Million Domestically Listed Foreign
Investment Shares by Shijiazhuang Baoshi Electronic Glass Co., Ltd. (Zheng Wei Fa (1996) No. 15 Document) on June 11, 1996, the
Company issued 100 million domestically listed foreign investment shares (B shares) (the par value of each share is RMB 1). Approved
by China Securities Regulatory Commission with the Approval of the Application of Shijiazhuang Baoshi Electronic Glass Co., Ltd.
to Publicly Issue Shares (Zheng Jian Fa Zi (1996) No. 174 Document) on August 30 of the same year, the Company publicly issued
26.20 million shares (the par value of each share is RMB 1). As of September 17, 1996, the total share capital of the Company
increased to RMB 383 million.
According to the Approval of Private Issue of Shares by Shijiazhuang Baoshi Electronic Glass Co., Ltd. (Zhen Jian Xu Ke (2012) No.
1661 Document) issued by China Securities Regulatory Commission ("CSRC"), the Company privately issued 520 million RMB
ordinary shares (A shares) to specific investors at the price of RMB 9.69 per share on April 3, 2013. All investors subscribed for shares
in cash. After this private issue, the registered capital of the Company was changed to RMB 903.00 million.
The controlling shareholder of the company by the Shijiazhuang Baoshi Electronic Group Co., Ltd. changed to Dongxu Group , a dir
ect stake of 14.40%, Shijiazhuang Baoshi Electronic Glass Co., Ltd. held the indirectly 12.27% of the share.
The 6th Provisional shareholder meeting in 2013 approved the name change of Shijiazhuang Baoshi Electronic Glass Co., Ltd. to Do
ngxu Optoelectronic Technology Co., Ltd..
2013 Annual General Meeting of Shareholders examined and adpoted, On May 27, 2014, the company intended to implement the foll
owing distribution of profits and capital reserve plan:The company implemented annual capital reserve plan of the year 2013 ，
On the base of December 31, 2013 ,903 million shares of the total shares of the
total share capital, the company would distribute20 shares to all the shareholders for every 10 shares, for a total distribution of1806mi
llion shares. The total share capital of the Company will be increased to 2709 million shares after capitalization.
At the end of the report period, Registered capital :RMB 2709 million, Legal representative: Li Zhaoting,
Registration No. of Legal Entity Business License : 130000000001040, Registered Address: No.9, Huanghe Road,
Shijiazhuang High-tech Industrial Development Area, Shijiazhuang, Hebei Province.
Business scope: electronic vacuum glass devices and supporting electronic components, automotive parts production and sales and
after-sales services; management of the enterprise's own products export business and the business of mechanical equipment, spare
parts, raw materials imports business (except the goods and technology that the country limit or prohibit to import and export), flat
panel display glass substrate industry, investment, construction and operation and related technology development, technology
consulting, technology services, technology transfer; hydrogen (52.23 tons / year) of production (valid until June 30, 2015 (can not
operate the laws, regulations and the State Council decided to ban or restrict, ; can operate after get approval from other
departments).
At the end of the report period, the Company had three wholly-owned subsidiaries: Hebei Xubao Construction Installation
Engineering Co., Ltd., Wuhu Dongxu Optoelectronic Technology Co., Ltd. and Sichuan Ruiyi Construction Engineering Co., Ltd.,
three Controlled Subsidiaries: Shijiazhuang Baoshi Color Bulb Co., Ltd., Wuhu Dongxu Optoelectronic Equipment Technology Co.,
Ltd. and Wuhan Dongxu Optoelectronic Technology Co., Ltd., three controlled sub-subsidiary: Shijiazhuang Dongxu Optoelectronic
Equipment Technology Co., Ltd ., Beijing Dongxu Investment Development Co., Ltd.and Wuhu Ruiyi Labor Co., Ltd.
IV.Principal accounting policies, accounting estimates and early errors
1.Basis for the preparation of financial statements
(1) The financial statements is prepared as per the ―Accounting Standards for Enterprises - Basic Standards‖, the specific accounting
standards in Item 38 and its application guideline and explanation and other related regulations (collectively referred to as ―Enterprise
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
Accounting Standards‖) issued by the Ministry of Finance on February, 2006.
(2) The financial statements reports on the basis of the continuous operation.
2. Statement on complying with corporate accounting standards
The Company state: the financial statements prepared are in line with the requirements in enterprise accounting standards in line with
of system, and have truly and completely reflected of the financial status in June 30, 2014 , operational results, cash flow, and other r
elevant information for half year of 2014.
3.Accounting year: from January 1 to December 31 as one accounting year.
4.Standard currency for bookkeeping：The Company takes RMB as the standard currency for bookkeeping.
5. Accounting treatment methods of the merger of enterprises under the control of the same company and different
companies
(1) Merger of enterprises under the control of the same company
The Company’s assets and liabilities obtained from the enterprise merger are measured according to the book value of the merged
party on the date of merger. The balance between the book value of net assets and the merger consideration price paid (or an
aggregate of par value amount of issued shares) is used to adjust the capital reserve. Where the capital reserve is insufficient to
deduct, adjust the retained earnings. Costs directly related to the merger of the merger party are recorded to the current profit and loss.
For the merger of majority interests, assets and liabilities of the merger party are measured in the consolidated balance sheet
according to their book values.
(2) Merger of enterprises under the control of different companies
The merger cost is the fair value of the paid assets, occurred or incurred liabilities, and issued equity securities which are used to
obtain the control right over the merged party on the date of purchase. For enterprise merger achieved through multiple exchanges
and transactions, the merger cost is the sum of all costs of each individual transaction. Costs directly related to the merger of the
merger party are recorded to to the current profit and loss.
① For mergers, the balance of the merger cost over the obtained recognizable net assets and fair value quota of the merged party
during the merger is recognized as goodwill. The balance of the merger cost smaller than the obtained recognizable net assets and fair
value quota of the merged party during the merger is recorded to the current profit and loss.
② For the merger of majority interests, the recognizable assets and liabilities of the merged party are listed in the consolidated
balance sheet according to the fair value determined in the merger. The balance of the merger cost over the obtained recognizable net
assets and fair value quota of the merged party during the merger is recognized as goodwill in the consolidated balance sheet on the
date of purchase. The balance of the merger cost smaller than the obtained recognizable net assets and fair value quota of liabilities of
the merged party during the merger is recorded to the current profit and loss.
6. Compiling method of consolidated accounting statements
（1）Compiling method of consolidated accounting statements
The Company compiles consolidated accounting statements according to the provisions of Accounting Standards of Business
Enterprises No. 33 – Consolidated Financial Statement stipulated by the Ministry of Finance.
The Company begins to merge the revenues, costs, and profits of the corresponding period from the date when the Company obtains
the actual control right over the subsidiary, and stops to merge the revenues, costs, and profits of the corresponding period from the
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
date when the Company loses the actual control right over the subsidiary. All major balances, transactions and unrealized profits in
the Group have been offset during the compiling of consolidated accounting statements.
The owner’s interests of subsidiaries that are incorporated in the merger and that do not belong to the Group are listed in the minority
interests under the subject of owner’s interests of the consolidated balance sheet. The net profit and loss of the current period that
belong to minority interests are listed in the minority profit and loss under the net profit subject of the consolidated income statement.
7. Recognition Standard of Cash & Cash Equivalents
The cash stated in cash flow statement refers to cash in hand and bank deposits usable for payment at any time. Cash equivalent
refers to the investments with holding period of less than three months that are readily convertible to known amount of cash and
subject to insignificant risk of changes in value.
8.Foreign currency translation
（1）Foreign currency Transactions
Transactions denominated in foreign currencies are translated into RMB at the applicable basic rates of exchange quoted by the
People’s Bank of China prevailing at the dates of the transaction.
（2）Foreign currency statement Convert
On the balance sheet day, foreign currency monetary item shall be converted at the benchmark exchange rate on the balance sheet day.
The exchange difference resulting from difference between spot exchange rate and that recognized initially or the benchmark
exchange rate on the prior balance sheet day shall be calculated into the profit and loss of current period; foreign currency
non-monetary item measured by historical cost shall still be converted at the spot exchange rate on the transaction day and the
recording currency sum shall not changed. The exchange difference resulting from foreign currency loan related to qualified assets
under acquisition, construction and production shall be handled by the principle of borrowing costs capitalization.
9. Financial instruments
A financial instrument refers to a contract that forms the financial assets of an enterprise and forms the financial liabilities or equity
instruments of other enterprises. When a company becomes a party of a financial instrument contract, a financial asset or liability is
recognized.
(1) Classification of financial instruments:
Financial assets are classified into four categories during the initial recognition: (1) financial assets that are measured by their fair
values and whose changes are recorded in the current profit and loss, including tradable financial assets and financial assets that are
specified to be measured by their fair values and whose changes are recorded in the current profit and loss; (2) held-to-maturity
investments; (3) loans and accounts receivable; (4) financial assets available for sale. Financial liabilities are classified into two
categories during the initial recognition: (1) financial liabilities that are measured by their fair values and whose changes are recorded
in the current profit and loss, including tradable financial liabilities and financial liabilities that are specified to be measured by their
fair values and whose changes are recorded in the current profit and loss; (2) other financial liabilities.
(2) For the held-to-maturity investments of the Company, the sum of fair values of financial assets at the time of obtainment and
the related transaction fees are recognized as the initial recognition amount. Where the paid bond interests are included in the
payment, the paid bond interests are separately recognized as accounts receivable. During the holding period, the interest income is
calculated and recognized according to the actual interest rate and amortized cost, and recorded into the investment revenue.
During the disposal of financial assets, the balance between the price at the time of obtainment and the book value is recognized
as the investment revenue.
(3) For accounts receivable generated by selling goods or providing services, the initial amount is recognized by the price stipulated
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
in the contract or agreement. During the holding period, the subsequent measurement is conducted based on the amortized cost and
actual interest rate method. During the collection and disposal of accounts receivable, the balance between the price at the time of
obtainment and the book value is recorded into the current profit and loss.
(4) For financial assets available for sale, the sum of fair values of financial assets at the time of obtainment and the related
transaction fees are recognized as the initial recognition amount. Where the paid bond interests or cash dividends are included in the
payment, the paid bond interests or cash dividends are separately recognized as accounts receivable. Interests or cash dividends
obtained during the holding period are recognized as investment revenues. The gain or loss that is measured by the fair value on the
date of balance sheet and is formed by the changes of the fair value is directly recorded into the capital reserve During the
disposal of financial assets, the balance between the price at the time of obtainment and the book value is recognized as the
investment revenue. At the same time, the changes of the fair value that is originally recorded into the capital reserve are carried
forward to the investment revenue.
Financial assets that are measured by their fair values and whose changes are recorded in the current profit and loss are recognized by
their fair values at the time of obtainment and the related transaction fees are directly recorded into the profit or loss of the current
period. During the holding period, the subsequent measurement is conducted based on the fair value For other financial
liabilities, the initial amount is recognized by the sum of their fair values at the time of obtainment and related transaction fees.
During the holding period, the measurement is conducted based on the amortized cost and actual interest rate method.
(3)Recognition basis and measurement for transferred financial assets
1) Recognition of the transfer of financial assets:
In the following situations, the Company recognizes the transfer of financial assets and terminates the recognition of financial assets
when the Company transfers almost all the risks and rewards of the ownership of financial assets to the transferee.
① The Company sells financial assets by means of non-recourse.
②The Company sells financial assets and enters into an agreement with the buyer at the same time, which stipulates that the
Company will repurchase the financial assets at their fair values on the date when the prescribed term ends.
③The Company sells financial assets and enters into an agreement of put option with the buyer at the same time. The put option is a
material out-of-the-money option from the contract terms.
2) Measurement of the transfer of financial assets
When financial assets are transferred overall, the balance of the book value of the transferred financial assets over the received
consideration price and accumulated fair value changes that are originally and directly recorded to the owner’s equity is recognized
and recorded into the current profit and loss.
When financial assets are transferred partly, the overall book value of the transferred financial assets, between the derecognized part
of and the non-derecognized part, is apportioned according to their relative fair values respectively, and according to the book value
of the derecognized part and the received consideration of the derecognized part and the corresponding derecognition sum in the
accumulated fair value alteration amount that is directly included into the owner’s rights and interests originally, it should be
recognized after apportionment to this accumulated amount according to the relative fair value of the derecognized part in the
financial assets.
（4）The conditions to stopping the financial liabilities
Only if the existing obligations of financial liabilities have been removed wholly or partly, the financial liabilities can be terminated
to recognize wholly or partly.
（5）The determination method for fair value of financial assets and financial liabilities
If there’s an active market for financial assets or liabilities, the fair value is recognized by the quotation in the active market. If
there’s no an active market for financial assets or liabilities, the fair value is recognized by the evaluation. For initially obtained or
originative financial assets or undertaken financial liabilities, the fair value is recognized based on the market transaction price.
Where the fair value of financial instruments is recognized by the future cash flow discount method, the discount rate is the market
yield rate of other financial instruments that are substantially same in contract terms and features. Where the short-term accounts
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
receivable whose interest rate is not indicated and the balance between the present value of accounts payable and the actual
transaction price is small, the measurement is conducted based on the actual transaction price.
（6）Providing of impairment provision on financial assets (exclude receivable accounts)
On the date of the balance sheet, the Company checks the book value of financial assets other than the financial assets that are
measured by their fair values and whose changes are recorded in the current profit and loss. Where there is an objective evidence to
indicate that the financial assets are impaired, the impairment provision is accrued. Financial assets whose single amount is great are
conducted with an impairment test separately. Financial assets whose single amount is not great can be conducted with an impairment
test either separately or jointly in financial asset portfolios with the feature of credit risks.
For loans, accounts receivable, and held-to-maturity investments, the impairment provision is accrued based on the balance between
the present value and the book value of the estimated future cash flow. If there is an objective evidence to indicate that the value has
been restored after the accrual, the previously-recognized impairment loss can be recovered and recorded into the current profit and
loss.
All kinds of various recognized standards for impairment of financial assets available for sale
If an impairment occurs to financial assets available for sale, even if this financial asset is not derecognized, the accumulated losses
that are caused by the reduced fair value and that are originally and directly recorded in the owner’s interests should be transferred
out and recorded into the current profit and loss, Among which, for the debt instrument available for sale, if the fair value increases
subsequently, the original impairment provision can be recovered and recorded into the current profit and loss. For the equity
instrument available for sale, the impairment provision shall not be recovered through the profit or loss.
All Recognition Standards of Depreciation of Financial Assets Available for Sale
（7）If investment held to mature is recztegorized to sellable financial assets, please state the intention or evidence of change
incapability .
10. Recognition standard and providing basis of bad debt provision on receivable accounts
（1）Accounts receivable with material specific amount and specific provisioned bad debt preparation.
The judgment basis for significant
single-item amount or standard for The accounts receivable with single-item amount of RMB 5 million and above
significant amount
Impairment test shall be separately conducted. If the test proves the occurrence of impairment,
impairment loss shall be determined and provision for bad debts shall be made according to
The method of separate provision the difference between the present value of its future cash flow and its book value. For the
for bad debts for the accounts accounts receivable whose impairment is not proved by separate test, such accounts
receivable with significant receivable, together with those with insignificant single-item amount, are divided into some
single-item amount groups based on similar characteristics of credit risks. For these groups of accounts receivable,
provision for bad debts shall be made according to the regulation mentioned in "(2) provision
for bad debts shall be made for accounts receivable on group basis".
（2）Provision for bad debts shall be made for accounts receivable on group basis:
Method of making provision for bad
Name Basis for determining groups
debts on group basis
Division into groups with the age of accounts receivable as
Account age group Account age Analysis method
characteristic of credit risk
Other groups Other method Division into groups with the transaction object of accounts receivable
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
and the nature of money as the characteristic of credit risk. Such as
export rebates receivable, employees' borrowings for official duties,
reserve fund, deposit, money for related transactions.
In Group, Provision for bad debts with the method of account age analysis
√ Applicable □Not applicable
Proportion of provision of Proportion of provision of other
Age
receivable account (%) receivable account (%)
Within credit period 0.00% 0.00%
Within 1 year after credit period 5.00% 5.00%
1－2 years 10.00% 10.00%
2－3 years 30.00% 30.00%
3－4 years 50.00% 50.00%
4－5 years 70.00% 70.00%
Over 5 years 100.00% 100.00%
Accounts on percentage basis in group
□ applicable √not applicable
Accounts on other basis in group：
√applicable □not applicable
Name Notes
Impairment test shall be separately conducted. If objective evidences prove the occurrence of
impairment, impairment loss shall be recognized and provision for bad debts shall be made
Other Group
according to the difference between the present value of expected future cash flow and its book
value. If no impairment is found after test, no provision for bad debts shall be made.
（3）The accounts receivable with insignificant single-item amount for which provision for bad debts is separately made:
The accounts receivable with single-item amount of less than RMB 5 million whose
Reason for separate provision for bad debts
risk characteristics can’t be reflected by provision for bad debts on basis of group.
Provision for bad debts is made according to the difference between the present
Method of provision for bad debts
value of its future cash flow and its book value.
11. Inventories
（1）Inventory classification
Inventories including raw materials, products in production, Low-value consumable goods, goods in stock, spare parts, are listed
depending on which is lower between cost and net value realizable.
（2）Pricing method of stock delivered
Stock delivered is measured according to weighted average method.
Inventories are accounted for at their historical cost or planned cost at the time of acquisition, accounts by month-end weighted
average method. For the consuming of Consumable Goods of Low Value, uses once conversion method to account the cost. For the
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
consuming of packaging materials, accounts it to the cost at one time. For the cost of finished products and products in production
including the raw materials, direct labor, all indirect production costs under normal production capacity, and the conversion of the
cost of inventory sold, accounts by month-end weighted average method.
（3）Confirmation basis of stock net realizable value and withdrawal method of inventory falling price reserves.
For inventory at period end, accounts the inventory price falling reserve according to the difference between the cost of individual
inventory project and the net value realizable. For the inventories that have similar purposes and relate to the products in the same
region, and in fact, are difficult to distinguish the serial products from other items, collectively account the price falling reserve; For
inventories that have large quantity but low in price, account the price falling reserve according to stock categories. For the net value
realizable in accordance with the normal production process, determine the amount by the estimated stock price minus the estimated
cost, cost of sales and related taxes.
（4）Inventory system
Inventory system: Perpetual inventory
（5）Amortization method of consumption goods with low value and wrap page
Consumption goods with low value
Consumption goods with low value adopt one time amortization method when used.
Packing
Amortization method: Wrap page adopts one time amortization when used
12. Long-term equity investment
（1）Investment cost confirmation
(1)For the corporate merger under the same control, the merging parties paying by cash, transfer of non-cash assets, or the means of
debt bearing as the merger price. The merger should be made in accordance with the combined book value of the owner's equity
share of the equity investment as a long-term investment in the initial cost, long-term equity investment initial investment costs the
cash payment, transfer of the non-cash assets and the assumption of debt by book value to the difference between the adjusted capital
surplus; for surplus less than the offset capital, adjusts the retained earnings; for the merging parties with the issuance of securities as
interest on the price of the merger, the merger should be made in accordance with the merging parties the rights of owners book value
of equity shares as a long-term investment in the initial cost of the investment. In accordance with the issued shares and total value of
equity, long-term equity investments and the cost of initial investment by issuing shares of a face value of the difference between the
amount should be adjusted capital surplus; for Less capital surplus, adjusts the retained earnings. Combination of businesses not
under common control shall have as the investment cost the fair value of the assets expended, the liabilities incurred or assumed and
the equity securities issued to acquire the control over the business on the purchase day. If the fair value of the purchase cost is higher
than that of the purchased part of the identifiable net assets in business combination, the difference shall be seen as good will while if
it is lower, the difference shall be recorded in the profit and loss of the period.(2) Besides the long-term equity investment obtained
by the other way of the merger, determine the initial investment cost in accordance with the following provisions: For such
combination by cash, the purchase price actually expended shall be taken as the investment cost; if by issuing equity securities, it
shall be the fair value of such securities; for the long-term equity investments by investors, the value set by the investment contract or
agreement shall be the investment cost unless the set value is not fair; for the long-term, essentially commercial and fair value
reliably measurable equity investments acquired by means of non-monetary assets exchange, the fair value and the expended taxes
shall be the investment cost and the difference between the book value of the expended assets and the fair value shall be recorded in
the profit and loss of the period; and for the long-term equity investments arising of debts restructuring, the fair value shall be the
investment cost and the difference between the fair value and the book value of the restructured debts shall be recorded in the profit
and loss of the period.
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
(2) Follow-up measurement:
(i)For the long-term equity investments that do not have joint control or significant influence on subsidiaries, have no market
quotations, the and the fair value can not be reliably measured, accounts by the cost method. For the cash dividend or profit declared
by the units invested, recognizes it as current investment income. Confirmation of investment income is restricted to cumulative net
profit of sub-quotas after units invested receiving the investments. For the part that surpass the above amount, recovers it as the initial
investment cost. (ii) For the long-term equity investments that have joint control or significant influence on the units invested,
accounts it by the method of equity. Upon the acquiring of the long-term equity investment, based on the fair assets value recognized
by the units invested, confirm the investment losses or gains and adjust the account value of long-term equity investment after
adjusting the net losses and gains achieved by the units invested. The owning part of the profit and cash dividends declared by the
units invested, correspondingly reduce the book value of the long-term equity investment. For the other changes in the rights of the
owners apart from the net gains and losses of the units invested, adjusts the book value of the long-term equity investments and
recognizes it as capital surplus. Adjust the book value of long-term equity investment and include it in owner's equity.
(3) Basis for confirming joint control and significant impact towards the invested unit
Joint control refers to the common control towards certain economic activity in accordance with agreement of contract. When the
outward investment of company conforms to the following situations, confirm the joint control towards the invested unit: ① any
joint operational party shall not separately control the production and operation activities of the joint enterprise; ② any strategic
decision related to the basic operation activity of the joint enterprise shall be agreed by all joint operational parties; ③ all joint
operational parties may appoint any of joint operational parties to manage the daily activities of the joint enterprise by contract or
agreement; nevertheless, the operational party shall exercise the right of management within the scope of financial and operational
policies that have been jointly approved by all joint operational parties. When the company’s outward investment conforms to the
following situations, confirm the significant impact towards the invested unit: ① having representatives in such authority
institution as the Board of Directors in the invested unit; ② participating in the strategy formulation process of the invested unit,
including formulation of dividend distribution policy; ③ occurring significant trade with the invested unit; ④ dispatching
management staff to the invested unit; ⑤ providing key technology materials to the invested unit. When the company directly holds
more than 20% but less than 50% shares with right to vote or by subsidiary, it is generally recognized to have significant impact on
the invested unit.
（4）Depreciation testing method and depreciation reserve withdrawal method.
On the date of balance sheet, accounts it according to which is lower between the book value of long-term equity investments and the
amount recoverable, if the amount recoverable is lower than the book value, accounts the assets devaluation preparations and
confirms the devaluation losses. The Company adopts the method of accounting long-term equity investment term by term, once the
devaluation preparation is confirmed, it shall not be converted back in the accounting period in the future. For the long-term
investments that have market price, judge and account the devaluation preparations according to the following situations:The market
price lower than the book value in continuous two years; The investment is suspended for one year or more; The units invested have
serious losses in that year; The units invested have losses in continuous two years;The units invested have rectification, liquidation
and other signs of unsustainable business. For the long-term investments without market price, judge and account the devaluation
preparations in accordance with the following signs: The changes in political or legal environment like the issuance or rectification of
tax lows and trading lows that affect the operation of the units invested, may result in the huge losses in the units invested. The
changes in market demands due to the goods or labor provided by the units invested are obsolete or due to consumers’ preferences
change, resulted in serious influences in the financial situation in the units invested;The production technologies in the industries of
the units invested have significant changes, the units invested have lost their competitive capacity, thus leading to serious financial
situations, for example: rectification, liquidation etc; The other situations that there is evidence to show the investment will not
actually bring economic interests for the Group. Standards for fixed assets: the assets held for the purpose of goods production, labor
providing, rent or management; the service life more than one year; the tangible assets with high unit value.
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
13.Real estate investment
Investment real estate refers to the properties held for the purpose of generating rent and/or capital appreciation. The company’s
investment real estate includes the land use right rented and the constructions leased.
(1) Recognition of the investment real estate
The investment real estate shall be recognized unless it meets the following requirements simultaneously: ① The economic benefits
pertinent to the investment property are likely to flow into the enterprise; and ② The cost of the investment real estate can be
reliably measured.
(2) Initial measurement of the investment real estate
① The cost of an investment real estate by acquisition consists of the acquisition price, relevant taxes, and other expenses directly
relegated to the asset.
② The cost of a self-built investment real estate composes of the necessary expenses for building the asset to the hoped condition for
use.
③ The cost of an investment real estate obtained by other means shall be recognized in accordance with the relevant accounting
standards.
④ The follow-up expenses pertinent to an investment real estate, if they meet the recognition conditions of the investment property,
they shall be included in the cost of the investment real estate; otherwise, if they fail to meet the recognition conditions of the
investment property, they shall be included in the current profits and losses when they are incurred.
(3) Follow-up measurement of the investment real estate
The company makes a follow-up measurement to the investment real estate through the cost pattern on the date of the balance sheet.
According to the relevant provisions of the ―Accounting Standards for Enterprises No.4 - Fixed Assets‖ and the ―Accounting
Standards for Enterprises No.6 - Intangible Assets‖, the actual amortization or depreciation is made for the investment real estate by
the straight-line method in the estimated useful life.
(4) Conversion of the investment real estate
The company has well-established evidence to indicate that the purpose of the real estate has changed, it shall convert the investment
real estate to other assets, or vise versa. And the book value of the real estate prior to the conversion shall be entry value after
conversion.
14.Fixed Assets
（1）Confirmation conditions of fixed assets
Fixed assets can be recognized only when the following conditions are satisfied:
(1) Economic benefits related to the fixed assets may flow to the enterprise; (2) The cost of the fixed assets can be reliably measured.
Initial measurement of fixed assets: account the value of the fixed assets in accordance with the actual cost of construction &
purchase of them. The follow-up expenditures related to fixed assets, for the ones that meet the conditions of fixed assets
confirmation, should be included in the cost of fixed assets; For the ones that do not meet the conditions of fixed assets recognition,
should be included in the current gains and losses. For the follow-up expenditures on fixed assets, should be included in the cost of
fixed assets, and should terminate the book value of fixed assets that was replaced.
（2）Fixed assets depreciation method
The enterprise should account depreciation for all fixed Assets. But except the fixed assets that had accounted adequate
depreciation but continued to use and the land separately accounted.
Depreciation Method: for depreciation of fixed assets, uses the straight-line method, accounting by the recorded value minus the
estimated residual net value in the expected life period.
61
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
Estimated useful Estimated residual value Depreciation
Type
Life rate rate(%)
Over the period of title (the period specified on the
House and Building real estate title certificate or land use right 5.00% 3.17%
certificate) or 30 years in case of no period of title
Transportation equipment 5 5.00% 19%
Machinery and equipment-Kiln 5 5.00% 19%
Machinery and
3 95.50% 1.5%
equipment-Platinum passage
Machinery and equipment-- Glass
15 5.00% 6.33%
flat-panel and other equipment
Machinery and equipment-Other
10 5.00% 9.5%
production equipment
Text, inspection , office
5 5.00% 19%
equipment , instruments and other
（3）Depreciation measuring method and depreciation reserves withdrawn method of fixed assets
Platinum channel mainly consisted of precious metals platinum, rhodium, almost no loss, the net residual rate is relatively
high
At the end of each year, the Group checks the fixed assets item by item. If recoverable amount is below the book value because
the steady fall of the market price, or technological obsolescence, damage or long-term idleness or other factors, them make the
difference between the recoverable amount and the book value as the reserve for fixed assets devaluation, which was accounted as
the individual assets.
If the fixed assets of the company actually have had losses, then account the devaluation reserve. When one of the following
circumstances exists, completely account the reserve for fixed assets devaluation in accordance with the full book value of fixed
assets:
The fixed assets that being put aside in long term, or no longer be used in the foreseeable future, and have no value of transfer;
Due to technological advances and other factors, the fixed assets can not be used;
Although the fixed assets can be used, but if use, large quantity of unqualified products may produce;
The fixed assets that had been damaged, and there is no usage value or value of transfer;
Other fixed assets that cannot bring economic benefits for the Group.
Upon the recognition of the fixed assets devaluation losses, depreciation or amortization expenses of the devalued assets should
have correspondent adjustment in the future periods, so that in the remaining service life of the assets, systematically adjust the book
value of the assets (excluding the predicted net residuals).
Upon the recognition of the fixed assets devaluation losses, in the subsequent accounting period they shall not be converted
back.
15.Projects under construction
（1）Categories of projects under construction
Construction in progress represents capital assets under construction or installation and is accounted for as engineering cost at actual
62
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
cost. The construction cost includes the cost of construction and installation, machine and equipment, other direct expenses and
borrowing costs from the special loans borrowed for the acquisition or construction of fixed assets before projects get ready for
intended use.
（2）Standard and timing for transferring of projects under construction to fixed assets
Construction in progress is transferred into fixed assets when a project gets ready for intended use and provision for depreciation is
made from the following month.
（3）Impairment text and providing of impairment provisions on projects under construction
The company makes a overall assessment of the project under construction at the end of each year. If there is any evidence that the
construction in progress has been impaired, the company provides for such impairment losses. In case of existing of one or several of
the following cases, the impairment losses should been provided for the construction in progress:
The project under construction has been suspended for long period and is not expected to restart in 3 years.
The projects that was lagged behind in both performance and in technique, and that may bring great uncertainty for the economic
benefits of the Group.
Other situations that can prove that depreciation has already occurred to the construction projects.
Once any loss of the construction-in-process impairment is recognized, it shall not be switched back in the future accounting periods.
16.Loan expenses.
（1）Principle of the recognition of capitalized borrowing costs
For the loan expenses, if can be directly attributed to the capital, account them into the capital costs; For the other loan expenses,
account them into the losses and gains in the current period according to the occurrence amount.
If the loan expenses meet the all following conditions in the same time, they shall be capitalized and included into the cost of that
assets : ① Assets expenditure has occurred; ② The loan costs have occurred; ③ The necessary construction or production
activities for the assets to achieve the predicted state.
The loans include the specialized loan and the general loan.
For the additional expenses from specialized loan, before the achieving of the expected use or sale state and meet the capitalized
condition, according to the occurrence amount to have capitalization, and account it into the capital cost that meet the capitalization
condition; after the achieving of the expected use or sale state and meet the capitalized conditions, according to the occurrence
amount to recognize as cost, and account it into the current losses and gains.
For the additional expenses from general loans, recognize the occurrence amount as the expenses, and account it into the current
losses and gains.
（2）Calculating of borrowing expense capitalizing
For the special loan for the construction and production of capitalized assets, the actual interest expense from special loan minus the
interest income from loan deposited in the bank or the amount of investment gains from temporary investment.
For the general loan for the construction and production of capitalized assets, according to the capital expense weighted average
amount of the cumulative capital expenditure multiply the capitalization rate of the general loan occupied, account interest amount of
the general loan capitalization. The capitalization rate is accounted according to the general loan weighted average interest rate.
17.Intangible assets
（1）Pricing of intangible assets
Intangible assets refer to identifiable monetary assets with no physical substance that the company owns or controls. For
intangible assets, including patents, generic technology, trademark, copyright, land-use right, permit right, etc, are listed by the net
63
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
value that cost minus accumulated amortization and accumulated devaluation.
The amount of amortization of intangible assets should be systematically amortized within the service life. Amortization method
should reflect the economic profit and the expected achievement methods related to the intangible assets. If unable to determine the
expected achievement methods, adopt the method of straight line to amortize. For the intangible assets that can not confirm the
service life, do not amortize.
For the right of land use, the actual payment of the purchase price is the actual cost, accounting the intangible assets before the
construction of the project, and using method of straight line to amortize according to the land use period. Use the straight-line
method and amortize it in 50 year.
For the expenditures on internal research & development projects, the company pays the expenses according to the research phase
and development phase. The expenditures in the research phase are included in current profit and loss; For the expenditures that meet
the conditions in the development phase, shall be capitalized and recognized as intangible assets.
（2）Provision for impairment of investment assets
At the end of each year, the Group checks the capability of all intangible assets that is expected to bring economic benefits for
the Group in the future. For the expected recoverable amount below its book value, account the reserves for devaluation. For the
intangible assets, account the reserves for devaluation according to the individual item.
When there is one or more of the following cases, the book value of intangible assets shall be completely converted to the current
profit and loss:
The intangible asset that have been replaced by some other new technology, and it had no use value and transfer value;
The intangible assets the has exceeded the legal time limit, and it can not bring economic benefits for the Group;
Other cases that can prove the intangible asset had lost its use value and transfer value.
When there is one or more of the following circumstances, account the devaluation reserves for the intangible assets:
The intangible assets that have been replaced by other new technologies, and that makes it produce great adverse affect to
economic interests of the Group.
The market value of certain intangible assets had a sharp decline in the current period, and will no resume in the remaining
amortization period;
The intangible assets the has exceeded the legal time limit, but they still have some value;
Other cases that can prove the intangible assets have had devaluations.
Once the devaluation losses of the intangible assets have been recognized, they can not be converted back in the subsequent
accounting period.
18.Long-term amortization expenses
If the long-term amortization expenses are precious metals, amortize according to the actual damage degree of the
precious metals, and listed by the net amount of actual expenditure minus the accumulated amortization.
19.Predicted liabilities
（1）Recognition of Predicted liabilities
Estimated liabilities are recognized if both the Company and the related obligation of contingencies meet the following conditions at
the same time: (1) The obligation is a present obligation undertaken by the enterprise; (2) The fulfillment of the obligation may likely
cause an outflow of economic interests; (3) The amount of the obligation can be reliably measured.
（2）Accounting of Predicted liabilities
The Company conducts the initial measurement in accordance with the best estimated amount of expenditure required to fulfill
related present obligations, reviews the estimated liabilities on the date of the balance sheet, and adjusts the book value based on the
64
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
current best estimated amount.
20. Revenues
（1）Recognition time for sales of goods
The risks and rewards on goods ownership are transferred to the buyers. The company will no longer implement the right of
management and the right of actual control. The amount of income can be reliably accounted. The economic interest related to
transactions flows into the Group and the cost related to the sale of the goods, the realization of business income confirmed.
（2）Incomes from transferring asset use right
The related economic interests are likely to flow into the enterprise, and the amount of the revenue can be reliably measured, confirm
it as income. For the income from use fee, account it according to the charge time and method agreed in the contract or the agreement.
（3）Confirm the evidence to provide labor income
The operating income from the labor services started and finished within the same fiscal year is recognized when the labor services
are finished. The Company recognizes the related labor income by the percentage of completion of services on the date of the balance
sheet. If the result of providing labor services cannot be estimated reliably, the Company recognizes the income on the balance sheet
date according to the labor costs that have already occurred and are estimated to be compensated, and costs are carried forward based
on the same amount. If the labor costs that have already occurred in current period cannot be compensated, the income is not
recognized and the costs that have already occurred are recognized as the current expenses.
（4）Deciding of completion percentage when percentage basis is adopted to recognize income from service providing or
construction contracts
The Company determines the completion schedule of the provision of services by the following methods: (1) the measurement
of works that have been complete; (2) the proportion of the labor services that have provided in the total labor services that should be
provided; (3) the proportion of costs that have occurred in the estimated total costs.
21. Governmental subsidies
（1）Categories
The Company recognizes government subsidies when the Company is able to meet the conditions of government subsidies and
can receive government subsidies Monetary assets is measured by the amount that is received or should be received. Non-monetary
government subsidies are measured by fair values. Where the fair value cannot be obtained, the non-monetary government subsidies
are measured by the nominal amount of RMB1.
（2）Accounting policy
Government subsidies related to assets are recognized as deferred incomes, which are averagely distributed within the usage life
of related assets and recorded in current loss and profit. Government subsidies measured in nominal amount are directly recorded in
the current profit and loss. Government subsidies that are related to incomes and used to compensate the related fees and losses of the
future period are recognized as deferred incomes, and are recorded in the current profit and loss in the period of recognition of related
fees. Government subsidies that are used to compensate the related fees and losses occurred are recorded in the current profit and
loss.
22. Deferred income tax assets/Deferred income tax liability
（1）Confirmation of deferred income tax assets
(1) If there is a deductible temporary difference between the book value of assets and liabilities and the tax base, recognize the
65
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
deferred tax assets generated by the deductible temporary difference based on the limitation of taxable income that is used to deduct
the deductible temporary difference. However, the deferred income tax assets generated by the initial recognition of assets or
liabilities in the following transactions are not recognized:① The transaction is not an enterprise merger;② When the transaction
occurs, neither the accounting profit nor taxable income are affected (or deductible loss). (2) When the deductible temporary
difference related to the investment of subsidiaries, affiliated enterprises and joint venture enterprises meets the following conditions,
the corresponding deferred income tax assets are recognized:① The temporary difference may likely recovered in the foreseeable
future;② In the future, it is likely to obtain the taxable income that is used to deduct the deductible temporary difference; (3) For the
deductible loss and tax credits offset that can be carried forward in the future years, within the extent of the amount of future taxable
income of deductible loss and tax credits offset by the possible income, will be recognized as the corresponding deferred income tax
assets. (4) On the balance sheet date, review the book value of deferred income tax assets. If in the future it is unlikely to gain
sufficient taxable income to offset the benefits of deferred tax assets, the book value of deferred tax assets will be write-down. When
it is likely to be sufficient in taxable income, the reduction in amount will be reversed back.
(2) The confirmation of deferred income tax liability
If taxable temporary differences exist between the book value of assets, liabilities and its tax base, in accordance with the
applicable tax rates in the expected period for drawing back the asset or settling the liabilities, it will be recognized as deferred
income tax liabilities by calculation.
23.Change of main accounting policies and estimations
Is there any material change of accounting policies occurred in the year
□Yes√□ No
N/A
（1）Change of accounting policies
Is there any change in accounting policies in the report period
□ Yes √ No
（2）Change of accounting estimations
Is there any change in accounting estimations in the report period
□Yes√□ No
24.Correction of accounting errors in previous period
Is there any accounting error with previous period found in the report period
□ Yes √ No
N/A
（1）Change of accounting policies
Is there any change in accounting policies in the report period
□ Yes √ No
（2）Change of accounting estimations
Is there any change in accounting estimations in the report period
□ Yes √ No.
66
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
V.Taxation
1.Main categories and rates of taxes
Taxes Tax references Applicable tax rates
VAT Sales revenue of energy and power 17%
VAT Sales revenue of energy and power 3～5%
Business tax Income from labor service and lease 7%
Enterprises income tax Taxable income 15%-25%
VAT Sales revenue of energy and power 13%
VAT Revenue of Technology services 6%
Surcharge for education Turnover tax to be paid allowances 5%
Income tax rate apply able to branches and factories
VI.Enterprise consolidation and combined financial statements
1. Subsidiary
（1）Subsidiary obtained through establishment or investment
In RMB
After
wrote
down
current
period
Amount
Other loss of
used to
projects minority
write
balance sharehol
Actual Proporti Whether Interest down
Full essential Holding ders
Registra Register capital on of consolid of lost
name of Subsidia Busines Busines ly from proporti over
tion ed amounts voting ation of minority included
subsidia ry type s s scope net on equity
place capital of rights(% report sharehol in
ry investm (%) beginni
the end ) form der minority
ent to ng share
sharehol
subsidia of
der
ry minority
interest
sharehol
ders in
the
subsidia
ry from
67
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
the
parent
compan
y’s
share ,B
alance
of
Owner's
equity
Buildin
g
architect
ural
engineer
ing
design,
Hebei
construc
Xubao
tion,
Constru
No.9, engineer
ction Limited Constru
Huangh ing
Installat Liability ction 100,000 100,000 100.00 100.00
e Road, consulta Yes
ion Compan Installat ,000.00 ,000.00 % %
Shijiazh ncy, city
Enginee y ion
uang and
ring
roads
Co.,
lighting
Ltd.
projects,
interior
and
exterior
decorati
on
projects
Producti
on and
Shijiazh sales of
uang No.9, glass
Limited
Baoshi Huangh bulbs
Liability Manufa 540,681 439,341 18,444,
Color e Road, for 81.26% 81.26% Yes
Compan cturing ,956.80 ,956.80 388.21
bulb Shijiazh colour
y
Co., uang kinesco
Ltd. pe and
electron
ic glass
68
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
products
R&D of
optoelec
tronic
mechani
cal
equipme
nt and
Room 3
electron
Wuhu 02, A fl
ic
Dongxu oor,Man
products
Optoele Other agement
,
ctronic Limited Commi
Manufa 98,000, producti 93,100, 72,393,
Equipm Liability ttee of Ji 95.00% 95.00% Yes
cturing 000.00 on of all 000.00 955.34
ent Compan angbei I
kinds of
Technol y ndustry
non-stan
ogy Co., Zone,A
dard
Ltd. nhui Pro
equipme
vince
nt and
parts
and
relevant
process
formulat
ion.
Investm
ent,
construc
No. 36, tion and
Daowei operatio
2 Road, n related
Wuhu Wanchu to the
Personal
Dongxu n Street, industry
limited
Optoele Econom 2,000,0 of glass 4,711,06
liability Manufa 100.00 100.00
ctronic y 00,000. substrat 4,000.0 Yes
compan cturing % %
Technol Technol 00 e for 0
y
ogy Co., ogy optoelec
Ltd. Develop tronic
ment display
Zone , and
Wuhu relevant
technolo
gical
develop
69
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
ment.
Optoele
ctronic
display
glass
substrat
e
industry
investm
ent,
construc
tion and
1/F,
operatio
No.2
n,
Busines
Machin
s tower,
ery and
Huazho
equipme
ng
Wuhan nt,
Shugua
Dongxu design
Limited ng
Optoele and sale
Liability Softwar Manufa 5,000,0 3,125,0 1,356,4
ctronic of 62.50% 62.50% Yes
Compan e park, cturing 00 00.00 32.03
Technol electron
y No.1Gu
ogy Co., ic
anshan
Ltd. products
Road,D
,
onghu
Provide
Develop
relevant
ment
technolo
Zone,
gy
Wuhan
develop
ment,
technica
l advice,
technica
l
services,
transfer
of
technolo
gy etc.
Sichuan Buildin Buildin
Limited Constru
Ruiyi g 15, No 100000 g 100,453 100.00 100.00
Liability ction Yes
Constr . 21, Rin 000 Enginee ,728.53 % %
Compan Installat
uction g Road ring,
70
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
Engine y 181 We ion Hydrop
ering st Third ower
Co., Section, Enginee
Ltd. Jinniu D ring,Mu
istrict, C nicipal
hengdu public
Enginee
ring,
Highwa
y
Enginee
ring,
Constru
ction of
sports
facilities
,Earth
and
rock ,
City and
road
lighting
engineer
ing,
Electric
Power
Enginee
ring,
anti-corr
osion
insulatio
n ,High
way and
traffic
Enginee
ring,
Highwa
y
surface
project,
Highwa
y
subgrad
e
71
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
Enginee
ring,,etc
.
Other statements on Subsidiaries obtained through incorporation or investment：
2. Changes of combination scope.
Description of change of consolidation scope:
√Applicable □ Not applicable
Compared to last year, this year (period) combined a new unit, due to the:
The 10th meeting of the seventh Board of Director and the first provisional shareholder's meeting of 2014 examined and adopted "the
proposal of acquiring controlling shareholder Dongxu Group subsidiaries's equity " agreed the company to trade net asset value
of 20.5137 million as audit assessments trading price of the acquisition wholly owned subsidiary of the controlling shareholder
Dongxu Group Ltd. 100% stake in Sichuan Ruiyi Construction Engineering Co., Ltd.,the company will complete the acquisition of
the entire equity related work before June 2014.
The merged units are reduced in this year (period) compared with the previous year.
3.Entities newly included in consolidate scope during the reporting period and entities ceasing to be included in consolidate
scope during the reporting period.
Subsidiaries, special purposes entities, operation entity where controlling right is formed under entrusted operation or leasing newly
included in consolidation scope during the period.
In RMB
Name Net assets as at period-end Net profit for the period
Sichuan Ruiyi Construction Engineering Co., Ltd. 100,454,308.91
Subsidiaries, special purposes entities, operation entity where controlling right is formed under entrusted operation or leasing newly
included in consolidation scope during the period
In RMB
Net profit from the year-begin to
Name Net assets as at the disposal date
the disposal date
Other explanation on entities newly included in consolidation scope and entities ceasing to be included in consolidation scope:
The company acquisited the wholly owned subsidiary of the controlling shareholder Dongxu Group Ltd. 100% stake in Sichuan
Ruiyi Construction Engineering Co., Ltd. within the report period, and will be included in the consolidated statements.Completion of
the acquisition in January, Gu unconsolidated profit. as completion of the acquisition by June, the profit will not be unconsolidated
VII. Notes to the major items of consolidated financial statement
1.Monetary Capital
In RMB
72
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
Year-end balance Year-beginning balance
Items Exchange Exchange
Foreign currency RMB Foreign currency RMB
rate rate
Cash -- -- 224,205.79 -- -- 187,646.23
RMB -- -- 224,205.79 -- -- 187,646.23
Bank deposit -- -- 1,231,229,652.60 -- -- 2,303,544,544.74
RMB -- -- 1,231,229,652.60 -- -- 2,303,544,544.74
Other -- -- 501,204,299.04 -- -- 282,928,760.07
RMB -- -- 501,204,299.04 -- -- 282,928,760.07
Total -- -- 1,732,658,157.43 -- -- 2,586,660,951.04
Notes of Monetary fund has not these conditions such as usage limitation for mortgage, pledge or frozen fund, stored overseas, with
potential recovery risk.
Yangzi bank acceptance bill of RMB 75,000,000 for the restricted monetary capital.
2.Bill receivable
（1）Classification bill receivable
In RMB
Classification Year-end balance Year-beginning balance
Bank acceptance 14,500,000.00
Trade acceptance 383,300,000.00
Total 397,800,000.00
3. Account receivable
(1)Classification account receivables.
In RMB
Amount in year-end Amount in year- begin
Book Balance Bad debt provision Book Balance Bad debt provision
Classification
Proportion( Proportion( Proportion( Proportion(%
Amount Amount Amount Amount
%) %) %) ))
Receivables with major
individual amount and bad
debt provision provided
185,972,30 14,009,355. 14,009,35 14,009,355.5
individually receivables 11.65% 7.53% 1.46% 100.00%
1.36 59 5.59 9
with major individual
amount and bad debt
provision provided
73
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
individually
Receivables provided bad debt provision in groups
21,197,752. 3,099,775.6 6,438,483
Age group 1.33% 14.62% 0.67% 3,010,290.48 46.75%
78 8 .14
1,389,154,3 939,857,2
Other group 87.02% 0.00% 97.87% 0.00%
00.25 69.45
1,410,352,0 3,099,775.6 946,295,7
Subtotal group 88.35% 0.22% 98.54% 3,010,290.48 0.32%
53.03 8 52.59
1,596,324,3 17,109,131. 960,305,1 17,019,646.0
Total -- -- -- --
54.39 27 08.18 7
Notes
Receivable accounts with large amount individually and bad debt provisions were provided.
√Applicable □Not applicable
In RMB
Description of the receivable accounts Book balance Bad debt provision Rate Reason to provide
Hefei BOE Optoelectronics Technology
95,380,824.24 0.00%
Co., Ltd.
CPT Co., Ltd. 15,082,121.53 0.00%
Jiangsu Yijing Optoelectronics Energy
61,500,000.00 0.00%
Co., Ltd.
Baoshi TV Factory 14,009,355.59 14,009,355.59 100.00% Non-recoverable
Total 185,972,301.36 14,009,355.59 -- --
Receivable account in Group on which bad debt provisions were provided on age basis：
√Applicable □Not applicable
In RMB
Amount in year-end Amount in year- begin
Book Balance Book Balance
Age Bad debt provision
Proportion( Proportion( Bad debt provision
Amount Amount Amount
%) %)
Within 1 year
Thereinto: -- -- -- -- -- --
Within credit
12,969,304.02 61.18% 0.00%
period
Within 1 year after
5,397,738.38 25.46% 269,886.92 3,608,034.38 56.04% 180,401.72
credit period
Subtotal of Within
18,367,304.02 86.64% 269,886.92 3,608,034.38 56.04% 180,401.72
1 year
74
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
1-2 years 0.00 0.00% 0.00 0.00%
2-3 years 800.00 0.00% 240.00 800.00 0.01% 240.00
3-4 years 0.00 0.00% 0.00%
4-5 years 0.00 0.00% 0.00%
Over 5 years 2,829,648.76 13.35% 2,829,648.76 2,829,648.76 43.95% 2,829,648.76
Total 21,197,752.78 -- 3,099,775.68 6,438,483.14 -- 3,010,290.48
Receivable account in Group on which bad debt provisions were provided on percentage basis：
□Applicable √Not applicable
Receivable accounts on which bad debt provisions are provided by other ways in the portfolio：
√Applicable □Not applicable
In RMB
Name Book balance Amount of bad debt
Other group 1,389,154,300.25
Total 1,389,154,300.25
In the end report period, separate amount is not large , the account receivable with big combination risk after combined via risk
character
□Applicable √Not applicable
（2）Particulars about the receivable accounts due from shareholders with 5% or over of the Company’s shares in the report
period.
In RMB
Year-end balance Year-beginning balance
Name
Book Balance Amount Book Balance Amount
Dongxu Group 918,618.00 1,000,000.00
Total 918,618.00 1,000,000.00
（3）The front 5 units’ information of account receivable
In RMB
Relation with the Portion in total
Name Amount Ages
Company receivables (%)
Shijiazhuang Xuxin Optoelectronic
Related parties 859,293,266.99 Within 1 year 53.83%
Technology Co., Ltd.
Dongxu(Yingkou) Optoelectronic
Related parties 329,692,778.31 Within 2 years 20.65%
Display Co., Ltd.
Zhengzhou Xufei Optoelectronic
Related parties 186,758,661.70 Within 1 years 11.70%
Technology Co., Ltd.
Hefei BOE Optoelectronics Technology
Non-related parties 95,380,824.24 Within 1 year 5.98%
Co., Ltd.
Jiangsu Yijing Optoelectronics Energy Non-related parties 61,500,000.00 Within 1 year 3.85%
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
Co., Ltd.
Total -- 1,532,625,531.24 -- 96.01%
（4）Account receivable from Related parties
In RMB
Portion in total
Name Relation with the company Amount receivables
account(%)
Shijiazhuang Xuxin Optoelectronic Technology Co., Ltd. Related parties 859,293,266.99 53.83%
Dongxu(Yingkou) Optoelectronic Display Co., Ltd. Related parties 329,692,778.31 20.65%
Zhengzhou Xufei Optoelectronic Technology Co., Ltd. Related parties 186,758,661.70 11.70%
Sichuan Xuhong Optoelectronic Technology Co., Ltd. Related parties 3,355,073.09 0.21%
Dongxu Group Controlling shareholders 918,618.00 0.06%
Dongxu Optoelectronic Investment Co., Ltd. Related parties 750,000.00 0.05%
Hebei Baoshi Energy sarving Lighting Technology Co.,
Related parties 20,000.00 0.00%
Ltd.
Total -- 1,380,788,398.09 86.50%
4. Other receivable
(1)Type analyses:
In RMB
Amount in year-end Amount in year-begin
Book Balance Bad debt provision Book Balance Bad debt provision
Type
Proportio Proportio Proportion( Proportio
Amount Amount Amount Amount
n(%) n(%) %) n(%)
Other Receivables provided bad debt provision in groups
10,581,010.3
Age group 16.28% 2,885,592.58 27.27% 2,919,929.78 9.07% 2,889,329.78 98.95%
6
54,418,130.8 29,270,040.4
Other group 83.72% 0.00% 90.93% 0.00%
8 9
64,999,141.2 32,189,970.2
Subtotal group 100.00% 2,885,592.58 4.44% 100.00% 2,889,329.78 8.98%
4 7
64,999,141.2 32,189,970.2
Total -- 2,885,592.58 -- -- 2,889,329.78 --
4 7
Notes
Other receivable accounts with large amount and were provided had debt provisions individually at end of period.
□Applicable √Not applicable
Other receivable accounts in Group on which bad debt provisions were provided on age analyze basis：
76
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
√Applicable □Not applicable
In RMB
Amount in year-end Amount in year-begin
Book balance Book balance
Age Bad debt reserve
Proporti Proporti Bad debt reserve
Amount Amount Amount
on(%) on(%)
Within 1 year
Including：
Within credit period 7,664,817.78 72.44% 0.00 0.00%
Within 1 year after
0.00 0.00% 0.00 0.00%
credit period
Subtotal of Within 1
7,664,817.78 72.44% 0.00 0.00 0.00% 0.00
year
1-2 years 34,000.00 0.32% 3,400.00 34,000.00 1.16% 3,400.00
Over 5 years 2,882,192.58 27.24% 2,882,192.58 2,885,929.78 98.84% 2,885,929.78
Total 10,581,010.36 -- 2,885,592.58 2,919,929.78 -- 2,889,329.78
Other receivable account in Group on which bad debt provisions were provided on percentage basis：
□Applicable √Not applicable
Other Receivable accounts on which bad debt provisions are provided by other ways in the portfolio：
√Applicable □Not applicable
In RMB
Name Book balance Amount of bad debts
Other group 54,418,130.88
Total 54,418,130.88
Separate amount is big at end of the period or not big but other account receivable and doubtful reserves shall be withdrawn.
□Applicable √Not applicable
（2）Other receivable accounts actually written off in the report period
In RMB
Name of the Nature of other Amount of written Reason of written Occurred under related
Date of written off
Company receivable off off relationship
Yang Jizhan 787.20 Non-Reicoverable No
Li Zhi 2,000.00 Non-Reicoverable No
Total -- -- 2,787.20 -- --
（3）Particulars about the other receivable accounts due from shareholders with 5% or over of the Company’s shares in the
report period.
77
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
In RMB
Balance at the period end Balance in year-begin
Name Amount of bad debt Amount of bad debt
Book amount Book amount
provision provision
Shijiazhuang Baoshi Group 2,218,861.15 0.00 899,535.29 0.00
Total 2,218,861.15 899,535.29
（4）The front 5 units’ information of other account receivable
In RMB
Portion in total
Relation with the
Name Amount Ages other
company
receivables(%)
Finance Bureau of Wuhu Economy
Non-Related parties 17,988,000.00 With in 1year 27.71%
Technology Development Zone
Jiangbei Industry Zone Management
Non-Related parties 17,448,625.89 With in 1year 26.88%
Committee of Anhui Province
China Electronic Import& export
Non-Related parties 3,902,067.00 With in 1year 6.01%
Corporation
Shijiazhuang Baoshi Electronic Group Co.,
Related parties 2,218,861.15 With in 1year 3.42%
Ltd.
Shijiazhuang Baoshi Electronic vacuum
Related parties 2,138,467.07 With in 1year 3.29%
Glass Co., Ltd.
Total -- 43,696,021.11 -- 67.31%
（5）Other Account receivable from Related parties
In RMB
Proportion in total
Name Relation with the Company Amount other receivables
(%)
Shijiazhuang Baoshi Electronic Group Co., Ltd. Related parties 2,218,861.15 3.42%
Shijiazhuang Baoshi Electronic vacuum Glass Co., Ltd. Related parties 2,138,467.07 3.29%
Shijiazhuang Baoshi Zhonghe Steel Plastic Shape Co., Ltd. Related parties 1,222,881.50 1.88%
Shijiazhuang Baoshi Xuming Tube Co., Ltd. Related parties 771,500.55 1.19%
Shijiazhuang Baoshi Large-diameter plastic tube Co., ltd. Related parties 673,962.50 1.04%
Hebei Baoshi Energy Saving Lighting Technology Co., Ltd. Related parties 646,561.00 1.00%
Sichuan Xuhong Optoelectronic Technology Co., Ltd. Related parties 4,147.59 0.01%
Total -- 7,676,381.36 11.83%
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
5. Payment in advance
（1）payment in advance:age :
In RMB
End of term Beginning of term
Age Proportion Proportion
Amount Amount
（%） （%）
Within 1 year 3,778,041,487.67 99.05% 2,736,913,977.82 98.13%
1-2 years 36,175,541.10 0.95% 51,156,109.27 1.83%
2-3 years 884,616.10 0.03%
Over 3 years 0.00 0.00% 7,434.75 0.00%
Total 3,814,217,028.77 -- 2,788,962,137.94 --
Notes to age of payment in advance:：
（2） The front 5 units’ information of Prepayments
In RMB
Relation with the Reason of not
Unit name Amount Time
company clearing
Wuxi Aiditong Metal Material
Not- Related parties 762,334,378.88 Within 1 year
Technology
Beijing Manniqi Technology
Not- Related parties 550,380,000.00 Within 1 year
Development Co., Ltd.
Chengdu Guangming Paite Noble metal
Not- Related parties 509,658,288.50 Within 1 year
Co., Ltd.
Beijing Stone Industrial Control Co., Ltd. Not- Related parties 285,739,063.91 Within 1 year
Zibo Industrial Ceramics Refractories Co.
Not- Related parties 183,436,687.60 Within 1 year
Ltd.
Total -- 2,291,548,418.89 -- --
Notes
(3) Prepayment received by shareholding parties holding 5% or above of the Company’s shares in the report period.
In RMB
Balance at the period end Balance in year-begin
Name Amount of bad debt Amount of bad debt
Book amount Book amount
provision provision
Baoshi Group 14,536,043.55 14,536,043.55
Total 14,536,043.55 14,536,043.55
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
6．Inventory
（1）Inventory types
In RMB
Year-end balance Year-beginning balance
Items
Book balance Provision for Book value Book balance Provision for bad Book value
bad debts debts
Raw materials 178,396,766.46 0.00 178,396,766.46 279,248,721.95 0.00 279,248,721.95
Processing products 514,648.23 0.00 514,648.23 1,768,002.26 0.00 1,768,002.26
Stock goods 5,219,116.76 251,564.26 4,967,552.50 13,756,104.07 251,564.26 13,504,539.81
Revolving materials 0.00 0.00 0.00 4,074,310.78 0.00 4,074,310.78
Material
4,592,738.14 0.00 4,592,738.14 23,590.28 0.00 23,590.28
procurement
Materials in
0.00 0.00 0.00 0.00
transport
Material cost
0.00 0.00 0.00 0.00
difference
Net price of goods 0.00 0.00 0.00 0.00
Other 14,178,836.32 0.00 14,178,836.32 0.00
Total 202,902,105.91 251,564.26 202,650,541.65 298,870,729.34 251,564.26 298,619,165.08
（2）Inventory Impairment provision
In RMB
Book balance at year Amount accounted in Amount Decreased in current period Book balance at period
Type end
Transferred back Reselling
beginning current period
Raw materials 0.00 0.00
Processing products 0.00 0.00
Stock goods 251,564.26 251,564.26
Revolving materials 0.00 0.00
Total 251,564.26 251,564.26
7.Other current assets
In RMB
Items End of term Beginning of term
Remaining tax VAT (taxes payable Reclassific
36,813,548.62 17,632,804.57
ation)
80
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
Prepaid corporate income tax returned overpay
ment(taxes payable Reclassification)
Other 58,000,000.00 58,000,000.00
Total 94,813,548.62 75,632,804.57
Notes
In 1993, the subsidiary of Baoshi Company the Color Bulb company needs to use foreign exchange to import equipments for
establishing . Color Bulb production lines. To ensure that the equipments imported for the Color Bulb project be in place as soon as
possible, on November 13, 1993, Baoshi Group has signed the RMB and US dollar Exchange Agreement with Hebei Provincial
Department of Finance, both of whom have agreed that: on November 16, 1993, Baoshi Group exchanged 58 million yuan for 10
million US dollars with Hebei Provincial Department of Finance, and mutually pay annual interest of 5.5% for dollar and 7.38% for
RMB, with the interest settlements of every six months; On November 16, 1998, the company (on December 31, 1995, the Exchange
Agreement contracting party has changed from Baoshi Group to the subsidiary Color Bulb company) exchanged back 58 million
yuan and the related interest with 10 million US dollars and the related interest as well.
During the agreement, both parties did not pay interest; Agreement expires, due to exchange rate changes, the two parties carried out
negotiation for several times on the displacement amount, however, at present, no agreement has been reached. By the date of issuing
this report, both parties did not take judicial proceedings or resort to arbitrations, but still in friendly negotiation.
8.Investment real estate
（1）Measured by the cost of investment in real estate
In RMB
Items Book amount at year Increase at this period Decrease at this period Book balance in
beginning year -end
1. Total original price 77,990,458.53 0.00 77,990,458.53 0.00
1.House, Building 77,990,458.53 0.00 77,990,458.53 0.00
2.Land use right 0.00 0.00
II.Total accumulated depreciation
65,773,844.27 0.00 65,773,844.27 0.00
accumulated amortization
1.House, Building 65,773,844.27 0.00 65,773,844.27 0.00
2.Land use right 0.00 0.00
III. Total book value of investment
12,216,614.26 12,216,614.26 0.00
real estate
1.House, Building 12,216,614.26 12,216,614.26 0.00
2.Land use right 0.00 0.00
IV. Total accumulativeprovision for
0.00 0.00 0.00 0.00
investment real estate provision
1.House, Building 0.00 0.00 0.00
2.Land use right 0.00
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
V. Total book value of investment
12,216,614.26 12,216,614.26 0.00
real estate
1.House, Building 12,216,614.26 12,216,614.26 0.00
2.Land use right 0.00 0.00
In RMB
This period
Current amount of depreciation and amortization 0.00
Investment real estate in this period the amount of impairment 0.00
9. Fixed assets
（1）Fixed assets
In RMB
Items Book amount at Increase at this period Decrease at this Book balance in
year beginning period year -end
1.Total of Original price of
334,475,198.00 1,315,774,424.61 1,650,249,622.61
fixed assets
Including ：House and
111,580,740.49 292,022,599.94 403,603,340.43
building
Machine equipment 139,880,949.73 941,472,076.06 1,081,353,025.79
Transpiration Equipment 12,832,178.75 2,058,351.82 14,890,530.57
Other equipment 70,181,329.03 80,221,396.79 150,402,725.82
Book balance at Current term ne Current term Decrease at this Book balance in
--
year beginning w extra provision period year -end
II. Total of Accumulated
193,330,198.80 65,773,844.27 13,944,642.53 273,048,685.60
depreciation
Including ：House and
76,192,320.77 65,773,844.27 4,911,080.32 146,877,245.36
building
Machine equipment 109,696,382.97 6,332,633.95 116,029,016.92
Transpiration Equipment 2,713,330.06 761,815.82 3,475,145.88
Other equipment 4,728,165.00 1,939,112.44 6,667,277.44
Book balance in Balance in
-- --
year-begin year-end
III. Total book value of
141,144,999.20 -- 1,377,200,937.01
Fixed assets
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
Including ：House and
35,388,419.72 -- 256,726,095.07
building
Machine equipment 30,184,566.76 -- 965,324,008.87
Transpiration Equipment 10,118,848.69 -- 11,415,384.69
Other equipment 65,453,164.03 -- 143,735,448.38
IV. Total of Devalued
36,444.84 -- 36,444.84
Provision
Machine equipment 36,444.84 -- 36,444.84
Other equipment --
V. Total book value of Fixed
141,108,554.36 -- 1,377,164,492.17
assets
Including ：House and
35,388,419.72 -- 256,726,095.07
building
Machine equipment 30,148,121.92 -- 965,287,564.03
Transpiration Equipment 10,118,848.69 -- 11,415,384.69
Other equipment 65,453,164.03 -- 143,735,448.38
Current depreciation is RMB79,718,486.80 . The issue of fixed assets transferred from construction in progress original price is
RMB1,299,442,199.70 .
10. Project under construction
(1)Project under construction
In RMB
Year-end balance Year-beginning balance
Items Book balance Provision for Book Net value Book balance Provision for Book Net value
devaluation devaluation
Transformation of Glass II
0.00 0.00 23,712,084.39 23,712,084.39
tube
LCD glass substrate 1,428,225,203. 1,428,225,203. 1,875,763,731.
1,875,763,731.37
production line 20 20 37
Factory building project 21,006,525.89 21,006,525.89 14,642,297.22 14,642,297.22
1,449,231,729. 1,449,231,729. 1,914,118,112.
Total 1,914,118,112.98
09 09 98
(2) The variation in constructing the engineering project
In RMB
Amount Increase Transferr Other Proportio Progress Capitaliz Includin Capitaliz Source Balance
Name Budget
at year at this ed to decrease n(%) of work ation of g： ation of of funds in
83
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
beginnin period fixed interest Current interest year-end
g assets accumul amount ratio（%
ated of
balance capitaliz
ation of
interest
Transfor
mation 23,712,0 23,712,0
0.00
of Glass 84.39 84.39
II tube
LCD
glass
7,576,52 1,875,76 828,191, 1,275,73 249,905, 119,946, 1,428,22
substrate 35.49%
0,000.00 3,731.37 587.14 0,115.31 261.86 025.58 5,203.20
producti
on line
Factory
25,000,0 14,642,2 6,364,22 21,006,5
building 84.03%
00.00 97.22 8.67 25.89
project
7,601,52 1,914,11 834,555, 1,299,44 249,905, 119,946, 1,449,23
Total -- -- -- --
0,000.00 8,112.98 815.81 2,199.70 261.86 025.58 1,729.09
Notes
（3）Explanation on construction in process
In current period,subsidiary Wuhu Dongxu Optoelectronic Technology Co., Ltd added parts of glass substrate production line
projects which were in the stage of preparation, So construction in progress at the end of period changed greatly over beginning of
period.
11. Engineering Material
In RMB
Balance in Increase at this Decrease at this
Items Balance in year-end
year-begin period period
Special material 17,699,810.22 906,318.00 18,600,696.07 5,432.15
Special Equipment 14,017.09 14,017.09
Special tools 94,973,832.73 38,044,590.32 125,216,007.80 7,802,415.25
Total 112,687,660.04 38,950,908.32 143,830,720.96 7,807,847.40
Notes.
12. Intangible assets
（1） Intangible assets
In RMB
84
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
Book Balance in Book Balance in
Items Increase at this period Decrease at this period
year-begin year-end
1. Total original price 120,009,226.25 56,181,521.18 176,190,747.43
Patent right
Proprietary technology
Right of trade mark
Acquisition of software 1,125,005.25 188,993.18 1,313,998.43
Land use right 118,884,221.00 55,992,528.00 174,876,749.00
II. Total amount of
7,221,560.48 1,521,150.69 8,742,711.17
accumulated
Patent right
Proprietary technology
Right of trade mark
Acquisition of software 53,839.07 137,269.05 191,108.12
Land use right 7,167,721.41 1,383,881.64 8,551,603.05
III. Book value of intangible
112,787,665.77 54,660,370.49 167,448,036.26
assets
Patent right
Proprietary technology
Right of trade mark
Acquisition of software 1,071,166.18 51,724.13 1,122,890.31
Land use right 111,716,499.59 54,608,646.36 166,325,145.95
Patent right
Proprietary technology
Right of trade mark
Acquisition of software
Land use right
Total of Book value of
112,787,665.77 54,660,370.49 167,448,036.26
intangible assets
Patent right
Proprietary technology
Right of trade mark
Acquisition of software 1,071,166.18 51,724.13 1,122,890.31
Land use right 111,716,499.59 54,608,646.40 166,325,145.95
The amortization amount is RMB1,521,150.69.
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
13. Deferred income tax assets and deferred income tax liability
(1)Confirmed the deferred income tax assets and deferred income tax liability
Recognized deferred income tax assets and deferred income tax liabilities
In RMB
Items Year-end balance Year-beginning balance
Deferred income tax assets:
Assets devaluation provision 3,209,764.59 3,184,388.51
Deductible loss 4,884,209.82 4,883,275.53
Not realized the internal profit 59,834,372.71 9,530,968.46
Subtotal 67,928,347.12 17,598,632.50
Deferred income tax liability：
Details of the un-recognized deferred income tax assets
In RMB
Items At end of term At beginning of term
Deductible temporary differences 1,865,554.53 1,864,857.73
Deductible loss 4,481,209.94 7,239,313.18
Devaluation provision
Total 6,346,764.47 9,104,170.91
Deductible losses of the un-recognized deferred income tax asset will expire in the following years
In RMB
Year At end of term At beginning of term Notes
2017 1,376,220.32
2018 27,581,032.38
Total 28,957,252.70 --
Details of taxable differences and deductible differences
In RMB
Amount of temporary differences
Items
At end of term At beginning of term
Differences in taxable items
Deductible difference project
Assetsy devaluation provision 12,839,058.34 12,737,554.02
Start-up costs
Deductible loss 19,536,839.28 19,533,102.12
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
Not realized the internal profit 246,285,464.07 38,123,873.84
Subtotal 278,661,361.69 70,394,529.98
（2）Deferred income tax assets and liabilities are presented as net amount after neutralization
Statement on deferred income tax assets and liabilities：
In RMB
Temporarily Temporarily
Deferred Income Tax Deferred Income Tax
Deductable or Deductable or
Assets or Liabilities Assets or Liabilities
Items Taxable Difference at Taxable Difference at
at the End of Report at the Beginning of
the End of Report the Beginning of
Period Report Period
Period Report Period
Deferred income tax assets
Details of taxable differences and deductible differences
In RMB
Items Offsetting Amounts of This Period
Notes
14. Provision for depreciation of assets
In RMB
Decreased in this period
Book balance at the Increase in this Balance in
Items Switch
beginning of term period Switch back year-end
cancellation
I. Provision for bad debts 19,908,975.85 218,700.00 130,164.80 2,787.20 19,994,723.85
2 Inventory impairment
251,564.26 251,564.26
provision
6.Investment Real estate
0.00 0.00 0.00
impairment provision
7 Fixed asset impairment
36,444.84 36,444.84
provision
Total 20,196,984.95 218,700.00 130,164.80 2,787.20 20,282,732.95
Notes
15. Short-term loan
（1）Categories of short-term loans
In RMB
Balance in year-end Balance in year-Beginning
87
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
Items
Guarantee loan 540,000,000.00 580,000,000.00
Total 540,000,000.00 580,000,000.00
Notes
16. .Bills payable
In RMB
Type At end of term At beginning of term
Bank acceptance 705,000,000.00 150,000,000.00
Total 705,000,000.00 150,000,000.00
Amount due in next fiscal period is RMB . 705,000,000.00
Statement on Bills payable：
17 Account payable
（1）Account payable
In RMB
Items Balance in year-end Balance in year-begin
Account payable 351,494,831.35 134,665,580.06
Total 351,494,831.35 134,665,580.06
18Advance account
(1)Advance account
In RMB
Items Balance in year-end Balance in year-begin
Advance account 13,611,157.83 3,451,630.20
Total 13,611,157.83 3,451,630.20
19. Payable Employee wage
In RMB
Items Balance in year-begin Increase in this period Decrease in this period Balance in year-end
1.Wages, bonuses,
allowances and 12,743,358.52 106,141,979.99 104,613,457.48 14,271,881.03
subsidies
II.Employee welfare 21,020,626.57 21,020,626.57
III. Social insurance 388,756.21 12,150,954.55 11,620,956.56 918,754.20
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
premiums
(1)Medical insurance 24,775.53 3,392,518.71 3,197,148.85 220,145.39
(2)Basic old-age
203,677.83 6,931,882.40 6,582,538.89 553,021.34
insurance premiums
(3) Unemployment
7,189.76 428,593.78 392,062.37 43,721.17
insurance
（4）Work injury
153,113.09 189,723.43 240,970.22 101,866.30
insurance
（5）Maternity
1,208,236.23 1,208,236.23
insurance
IV. Public reserves
628,181.02 2,057,960.63 2,199,231.01 486,910.64
for housing
VI.Other 4,124,713.78 1,244,072.11 1,729,591.30 3,639,194.59
（1）Union funds
and staff education 3,055,258.20 831,776.71 1,667,884.90 2,219,150.01
fee
（2）Other 1,069,455.58 412,295.40 61,706.40 1,420,044.58
Total 17,885,009.53 142,615,593.85 141,183,862.92 19,316,740.46
The amounts of arrears of staff salary and welfare payable are RMB 0 00.
The amounts of trade union funds and staff education expenses are RMB2,219,150.01, the amounts of non-monetary benefits are
RMB 0.00, and the compensations for the lifting of labor relations is 0
Arrangements of expected time and amount to pay the salary of the employees.
20. Tax Payable
In RMB
Items At end of term At beginning of term
VAT -261,216,879.15 -236,920,160.08
Business Tax 661,901.04 4,482,627.42
Enterprise Income tax 90,848,333.67 59,242,665.33
Individual Income tax 1,349,386.09 1,141,382.69
City Construction tax 2,340,182.25 950,293.72
Surcharge for education 1,678,269.69 635,150.33
House property Tax 1,176,457.72 1,471,469.03
Stamp tax 1,621,141.44 146,249.30
Other 15,544.38
Total -161,525,662.87 -168,850,322.26
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
Statement on tax payable: Please provide the calculating processes then taxable income is balanced between branch companies or
factories as approved by the tax bureau.
21. Interest Payable
In RMB
Items At end of term At beginning of term
Long-term loans interest of installment and interest charge 4,931,437.33
Short term loan interest payable 612,486.28
Total 5,543,923.61
Notes
22. Other payable
（1）Other payable
In RMB
Items At end of term At beginning of term
Other payable 87,201,521.76 46,922,065.04
Total 87,201,521.76 46,922,065.04
(2)There were other receivable from the main shareholders of the Company holding more than 5% (including 5%) of the
total shares of the Company.
In RMB
Items At end of term At beginning of term
Dongxu Group 35,001,133.65 9,218,289.20
Total 35,001,133.65 9,218,289.20
（3）Statement on large amount other payable accounts due for over one year
23.Other current liabilities
In RMB
Items Year-end balance Year-Beginning balance
Government subsidies-- Environmental protection
20,000.00 20,000.00
subsidies for Phase-II Glass Tube Project
USD exchange 61,528,000.00 60,969,000.00
Total 61,548,000.00 60,989,000.00
Notes
In 1993,the Group signed the agreement on exchange of US dollars which agreed returning 10,000,000 US dollars to the Exchange
Unit and repossess the RMB 58,000,000 exchanged in November 1998, As of June 30, 2014, the Group still consults with the
Exchange Unit on the returning of the exchange.
90
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
24. Long-term loans
（1）Long-term loans classifications
In RMB
Items Year-end balance Year-Beginning balance
Mortagage loans 3,000,000,000.00 2,300,000,000.00
Total 3,000,000,000.00 2,300,000,000.00
Notes
Note 1: The long-term loans not only mortgage the loans, but also guarantee the loans. Of which,
(1) The mortgage and the guarantor for the loans of RMB 800 million are: a. Wuhu Dongxu Optoelectronic Technology Co., Ltd
makes the mortgage of 202 acres of state-owned land use rights and the plants after the construction of the project, and makes the
mortgage guarantee with two channels of precious metals of platinum; b. the guarantor of loans is Wuhu Construction Investment Co.,
Ltd.
(2) The mortgage and the guarantor for the loans of RMB2.2 billion are: a. Wuhu Dongxu Optoelectronic Technology Co., Ltd
provides the mortgage guarantee with its own assets of eight channels of precious metals of platinum; b. Dongxu Optoelectronic
Technology Co., Ltd offers the fully related liability.
Notes 2: The Company had no due long-term loans to be repaid.
（2）The top five of long-term loans
In RMB
Year-end balance Year-beginning balance
Loans Loans ending Interest rate Amount of Amount of
Loan unit Currency Amount of Amount of
starting date date （%） foreign foreign
RMB RMB
currency currency
National
November November 1,300,000,00 1,300,000,00
Development RMB 6.55%
12, 2013 12, 2021 0.00 0.00
Bank
National
400,000,000. 400,000,000.
Development July 31,2012 July 31, 2020 RMB 7.21%
00 00
Bank
National
September 200,000,000. 200,000,000.
Development July 31, 2020 RMB 7.21%
20, 2012 00 00
Bank
National
October 29, 200,000,000. 200,000,000.
Development July 31, 2020 RMB 7.21%
2012 00 00
Bank
National
Fubruary 19, November 200,000,000.
Development RMB 7.21%
2014 12,2021 00
Bank
National October 29, July 31, 2020 RMB 7.21% 100,000,000.
91
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
Development 2012 00
Bank
2,300,000,00 2,200,000,00
Total -- -- -- -- --
0.00 0.00
Statement on long-term loans. For long-term loans over due but extended for another period, please provide the conditions, principal,
interest rate, and repayment arrangement.
25.Other Non-current liabilities
In RMB
Items Year-end balance Year-Beginning balance
Government subsidies :Environmental protection
45,000.00 45,000.00
subsidies for Phase-II Glass Tube Project
Government subsidies—Government
19,820,000.00 33,669,000.00
subsidies to Wuhu Technology
Total 19,865,000.00 33,714,000.00
Notes
Government subsidies for details:
In RMB
Amount reckoned
Subsidies
Year-Beginning into non-operation Year-end Assets-related/inco
Items increase during Other changes
balance revenue in the balance me-related
this period
period
26.Stock capital
In RMB
Increase/decrease this time (+ , - )
Balance Balance
Issuing of new Transferred
Year-beginning Bonus shares Other Subtotal year-end
share from reserves
Total of capital 1,806,000,000. 1,806,000,000. 2,709,000,000.
903,000,000.00
shares 00 00 00
Statement of change in capital shares. Name of CPA and number of verification report shall be provided if capital increasing or
decreasing occurred in the report period; as for shareholding limited companies incorporated for less than three years, only net assets
is required for the years prior to incorporation; for shareholding limited companies reformed from limited companies shall provide
the capital verification at incorporation.
27. Capital reserves
In RMB
92
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
Decrease in the current
Items Year-beginning balance Increase in the current Year-end balance
period
Share premium 4,797,171,273.21 1,806,000,000.00 2,991,171,273.21
Other 139,442,038.59 139,442,038.59
Total 4,936,613,311.80 1,806,000,000.00 3,130,613,311.80
Notes
The. reduction of Capital premium this term is mainly due to 903 million shares of the total share capital, the company would
distribute20 shares to all the shareholders for every 10 shares, for a total distribution of 1806 million shares
28. Surplus reserve
In RMB
Decrease in the current
Items Year-beginning balance Increase in the current Year-end balance
period
Statutory surplus reserve 27,454,788.05 27,454,788.05
Total 27,454,788.05 27,454,788.05
Statement on surplus reserves. Please state the related resolutions of the Board on capitalizing of reserves, making up losses, and
dividends：
29. Retained profits
In RMB
Extraction or distribution of
Items Amount
the proportion
Before adjustments: Retained profits at the period end -53,394,384.81 --
After adjustments: Retained profits at the period beginning -53,394,384.81 --
Add：Net profit belonging to the owner of the parent company 407,536,660.90 --
Retained profits at the period end 354,142,276.09 --
As regards the details of adjusted the beginning undistributed profits
(1)As the retroactive adjustment on Enterprise Accounting Standards and its related new regulations, the affected beginning
undistributed profits are RMB 0.00.
(2) As the change of the accounting policy, the affected beginning undistributed profits are RMB 0.00.
(3) As the correction of significant accounting error, the affected beginning undistributed profits are RMB 0.00
(4) As the change of consolidation scope caused by the same control, the affected beginning undistributed profits are RMB 0.00
(5) Other adjustment of the total affected beginning undistributed profits are RMB 0.00 .
Statement on retained profit: for companies issued their securities for the first time, if the accumulated profit before the issuing is
shared by the new and existing shareholders as approved by the shareholders’ meeting, shall be described particularly; if the
accumulated profit before the issuing is shared only by existing shareholders as approved by the shareholders’ meeting, the Company
shall provide the details of dividend payable to the existing shareholders as audited by CPA.
93
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
30. Business income, Business cost
（1）Operating income and operating cost
In RMB
Items Amount of current period Amount of previous period
Income from Business income 908,569,346.34 213,803,359.48
Other business income 1,405,396.75 41,238,994.60
Business cost 433,071,741.04 108,592,058.10
（2）Main business（Industry）
In RMB
Amount of current period Amount of previous period
Name
Business income Business cost Business income Business cost
Whole set of equipment and
740,306,181.29 332,310,596.18 203,822,376.95 70,050,360.75
Technology serves
Glass substrate 102,615,358.65 43,868,127.41
Electric vacuum glass devices and
13,083,703.77 10,251,661.82 7,556,862.49 4,939,034.39
supporting electronic devices
Construction Installation 52,564,102.63 44,743,589.77 2,424,120.04 2,215,330.75
Total 908,569,346.34 431,173,975.18 213,803,359.48 77,204,725.89
（3）Main business（Production）
In RMB
Amount of current period Amount of previous period
Name
Business income Business cost Business income Business cost
Whole set of equipment and
740,306,181.29 332,310,596.18 203,822,376.95 70,050,360.75
Technology serves
Glass substrate 102,615,358.65 43,868,127.41
Electric vacuum glass devices and
13,083,703.77 10,251,661.82 7,556,862.49 4,939,034.39
supporting electronic devices
Construction Installation 52,564,102.63 44,743,589.77 2,424,120.04 2,215,330.75
Total 908,569,346.34 431,173,975.18 213,803,359.48 77,204,725.89
（4）Main Business（Area）
In RMB
Amount of current period Amount of previous period
Name
Business income Business cost Business income Business cost
China Mailand 889,679,376.38 421,371,941.77 212,979,027.38 76,600,102.07
Hongkong, Macao and Taiwan 14,998,824.19 6,604,601.17
94
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
Overseas 3,891,145.77 3,197,432.24 824,332.10 604,623.82
Total 908,569,346.34 431,173,975.18 213,803,359.48 77,204,725.89
（5）Total income and the ratio of operating income from top five clients
In RMB
Name Business Income Proportion(%)
Shijiazhuang Xuxin Optoelectronic Technology Co., Ltd. 714,577,914.53 78.53%
Hefei BOE Optoelectronics Technology Co., Ltd. 86,074,996.00 9.46%
Jiangsu Optoelectronics Yijing Energy Co., Ltd. 52,564,102.63 5.78%
Zhengzhou Xufei OptoelectronicTechnology Co., Ltd. 21,894,010.26 2.41%
CPT Co., Ltd. 14,998,824.19 1.65%
Total 890,109,847.61 97.83%
Notes
31. Business tax and subjoin
In RMB
Amount of previous
Items Amount of current period Standard
period
Consumption tax 0.00
Business tax 163,571.63 1,046,128.51 3-5%
Urban construction tax 8,686,601.19 1,722,775.59 7%
Education surcharge 6,204,715.14 1,238,668.37 3%+2%
Total 15,054,887.96 4,007,572.47 --
Notes
32.Sales expenses
In RMB
Items Amount of current period Amount of previous period
Wage and additional cost 2,653,082.17 2,092,334.28
Express fee 791,241.95 229,132.41
Travel expenses 399,043.30 323,879.00
Business expenses 192,995.70 177,563.30
Office expenses 34,240.36 56,645.34
Advertising expenses 150,000.00 695,752.40
Labor protection 118,527.0 107,000.00
95
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
Other 54,788.29 137,963.08
Total 4,393,918.77 3,820,269.81
33.Administrative expenses
In RMB
Items Amount of current period Amount of previous period
Wage and additional cost 33,107,325.84 13,471,259.15
Express fee 163,565.76 28,340.53
Travel fees 3,479,040.99 1,408,300.53
Business expenses 2,277,892.29 1,727,820.99
Office fees 10,539,652.59 10,147,106.58
The Taxes 5,372,282.74 3,590,732.23
Publicize Fees 1,212,189.38 1,893,946.00
Consultation fees 2,954,750.42 3,214,079.46
R&D Expenses 193,298.03 189,448.47
Labor protection expenses 1,492,458.13 1,400,016.27
Rent property cost 10,781,830.43 6,085,860.32
Depreciation and amortization 4,755,611.89 4,801,992.76
Other 4,276,713.70 4,704,033.22
Total 80,606,612.19 52,662,936.51
34. Financial Expenses
In RMB
Items Amount of current period Amount of previous period
Interest expenses 12,218,643.77 313,890.94
Interest income 5,829,084.67 4,616,382.56
Bank charges 468,027.19 153,422.44
Financing expenses
Discount expenses 17,342,000.61
Exchange loss -818,166.61 2,000,011.13
Cash discount
Other 7,579.77 2,833.00
Total 23,389,000.06 -2,146,225.05
96
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
35. Loss of assets impairment
In RMB
Items Amount of current period Amount of previous period
1. .Loss for bad debts 88,535.20 -100,099.63
Total 88,535.20 -100,099.63
36. Non-operating income
（1）Non-operating income
In RMB
The amount of
Items Amount of current period Amount of previous period
non-operating gains & losses
Govemment Subsidies 175,895,903.21 105,042,368.45 175,895,903.21
Hosting fee income of entrusted operation
Other 4,915,341.07 3,048,438.28 4,915,341.07
Total 180,811,244.28 108,090,806.73 180,811,244.28
Notes
（2）Government subsidies rec koned into current gains/losses
In RMB
Assets-related/income Non-recurring
Items Amount of this period Amount of last period
-related gains/losses(Y/N)
Government Subsidies 60,000,000.00 60,000,000.00 Related to income Yes
Government Subsidies 2,000,000.00 Related to income Yes
Financial Subsidies 17,884,100.00 Related to income Yes
Revenue return 98,011,803.21 43,042,368.45 Related to income Yes
Total 175,895,903.21 105,042,368.45 -- --
37. Non-Operation expense
In RMB
Amount of current period Amount of previous The amount of
Items period non-operating gains &
lossed
Other 11,600.24 510,606.03 11,600.24
Total 11,600.24 510,606.03 11,600.24
Notes
97
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
38. Income tax expenses
In RMB
Items Amount of current period Amount of previous period
Income tax at current period according to taxation and related
146,816,075.75 56,016,767.76
regulation
Adjustment of Deferred income tax -51,745,340.19 -484,621.04
Total 95,070,735.56 55,532,146.72
39. Calculation of Basic earnings per share and Diluted earnings per share
Calculation of earnings per share Calculation January-June 2014
Net profit attributable to shareholders of parent company p 407,536,660.90
Weighted average number of common shares issued externally s 2,709,000,000.00
Earnings per share-basis p/s 0.15
There is no dilutive potential common shares
Net profit attributable to shareholders of parent company c 407,536,660.90
Weighted average number of common shares issued externally d 2,709,000,000.00
Earnings per share-diluted c/d 0.15
40. Notes Cash flow statement
(1)Other cash received from business operation
In RMB
Items Amount
Daily interest account income 6,161,339.08
Corporate staff loan repayment 1,331,808.15
Deposits income 1,671,694.16
Current accounts incme 88,276,416.62
Government subsidies income 64,049,300.00
Other 40,306,510.92
Total 201,797,068.93
Notes
（2）Other cash paid related to oprating activities
98
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
In RMB
Items Amount
Staff of official borrowing 13,989,337.90
Guarantee expenses 33,870,000.00
Current account expenses 121,864,774.18
Delivery express 146,050.04
Travel expenses 4,029,376.89
Business expensen 2,476,746.05
Office expenses 5,742,399.01
Advertise fee 1,388,604.47
Consulting services 2,951,840.10
R&D 193,298.03
Labor insurance expenses 1,495,829.60
Water and electricity expense 10,784,730.44
Other 1,349,399.76
Total 200,282,386.47
Notes
（3）OtherCash received related to investment activities
In RMB
Items Amount
Current period acquire the beginning amount of monetary funds of Sichuan
21,508,443.43
Ruiyi
Total 21,508,443.43
Notes
（4）Other cash paid related to investment activities
In RMB
Items Amount
Bill discount 17,342,000.61
Total 17,342,000.61
Notes
41. Supplement Information for cash flow statement
（1）Supplement Information for cash flow statement
In RMB
99
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
Supplement Information Amount of current period Amount of previous period
-- --
I. Adjusting net profit to cash flow from operating activities
Net profit 439,098,956.35 140,253,895.85
Add: Impairment loss provision of assets 88,535.20 -100,099.63
Depreciation of fixed assets, oil and gas assets and
14,630,809.29 6,556,876.10
consumable biological assets
Amortization of intangible assets 1,521,150.69 646,181.64
Financial expenses 12,218,643.77 -4,146,236.18
Decrease of deferred income tax assets -50,329,714.62 -484,621.03
Decrease of inventories 95,435,690.63 -54,627,544.35
Decease of operating receivables -2,066,626,958.21 -898,243,109.12
Increased of operating Payable 62,160,801.85 -106,904,328.97
Other -1,491,802,085.05 -917,048,985.69
Net cash flows arising from operating activities -- --
2.Significant investment and financing activities that
-- --
without cash flows:
3．Changes Balance of cash and cash equivalents
Ending balance of cash 1,657,658,157.43 3,899,764,536.83
Less: Beginning balance of cash 2,465,010,913.24 110,770,070.84
Net increase of cash and cash equivalents -807,352,755.81 3,788,994,465.99
（2）Composition of cash and cash equivalents
In RMB
Items Balance in year-end Balance in year-Beginning
1,657,658,157.43 2,465,010,913.24
I. Cash
224,205.79 187,646.23
Of which: Cash in stock
Bank savings could be used at any time 1,156,229,652.60 2,303,544,544.74
Other monetary capital could be used at any time 501,204,299.04 161,278,722.27
III. Balance of cash and cash equivalents at the period end 1,657,658,157.43 2,465,010,913.24
Notes
100
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
42. Item notes about changes in owner's equity
. Description of the adjustment of the balance of the "Other" item name and the amount at the end of last year,
retroactive adjustment generated by the business combination under common control and other matters
VIII. Related party and related party transactions
1. Parent company information of the enterprise
The parent The
The parent
company ultimate
Legal Regis company Organizati
Related Registered of the controlling
Name Type representat Nature rated of the on Code
parties address Company's party of
ive capital Company’
shareholdi the
s vote ratio
ng ratio Company
No.369,
Zhujiang
Holding Limited Road,
Dongxu Li Productio 500000000 Li 76813036
Shareholde Liability High-tech 14.40% 14.40%
Group Zhaoting n 0 Zhaoting 3
r Company zone,
Shijiazhua
ng
Notes
2.Particulars of the subsidiaries
The
The
subsidiaries
Legal subsidiaries Organizatio
Related Registered Registered of the
Name Type representati Nature of the n Code
parties address capital Company's
ve Company’s
shareholdin
vote ratio
g ratio
9 Huanghe
Road,
Hebei
Shijiazhuan
Xubao
g High-tech
Constructio Limited Constructio
Controlling Industrial 100,000,000
n Liability Li Zhaoting n 100.00% 100.00% 564858483
subsidiary Developme .00
Installation Company Installation
nt Area,
Engineering
Shijiazhuan
Co., Ltd.
g, Hebei
Province
101
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
9 Huanghe
Road,
Shijiazhuan
Shijiazhuan g High-tech
Limited
g Colour Controlling Industrial Shang 540,681,956
Liability Production 81.26% 81.26% 236042258
Bulb Co., subsidiary Developme Jinbin .80
Company
Ltd. nt Area,
Shijiazhuan
g, Hebei
Province
Room 302,
A floor,Man
Wuhu
agement Co
Dongxu
Other mmittee of J
Optoelectro
Controlling Limited iangbei Ind Manufacturi 98,000,000.
nic Li Zhaoting 95.00% 95.00% 58723108-5
subsidiary Liability ustry Zone, ng 00
Equipment
Company Anhui Provi
Technology
nce
Co., Ltd.
No.36,
Daowei 2
Road,
Wuhu
Personal li Wanchun
Dongxu
mited Street ,
Optoelectro Controlling Manufacturi 2,000,000,0
liability co Wuhu Li Zhaoting 100.00% 100.00% 58723116-5
nic subsidiary ng 00.00
mpany Economy
Technology
Technolog
Co., Ltd.
y
Developm
ent Zone
1/F, No.2
Business
tower,
Huazhong
Wuhan
Shuguang
Dongxu
Limited Software
Optoelectro Controlling Manufacturi 5,000,000.0
Liability park, Li Zhaoting 62.50% 62.50% 591083046
nic subsidiary ng 0
Company No.1Guans
Technology
han
Co., Ltd.
Road,Dong
hu
Developme
nt Zone,
102
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
Wuhan
Building 15,
Sichuan No. 21, Rin
Ruiyi g Road 181
Limited Constructio
Constructio Controlling West Third 100,000,000
Liability Guo Xuan n 100.00% 100.00% 55347089-7
n subsidiary Section,Jinn .00
Company Installation
Engineering iu District,
Co., Ltd. Chengdu
3. Other Related parties information of the enterprise
Relation of other Related parties with the
Other Related parties name Organization code
company
Shijiazhuang Baoshi Large-diameter
Controlled by the same parent company 700820907
plastic tube Co., ltd.
Shijiazhuang Xuxin Optoelectronic
Controlled by the same parent company 694655991
Technology Co., Ltd.
Zhengzhou Xufei Optoelectronic
Controlled by the same actual controller 68974956-3
Technology Co., Ltd.
Dongxu（Yingkou）Optoelectronic Display
Controlled by the same actual controller 57429899-3
Co., Ltd.
Sichuan Xuhong Optoelectronic
Controlled by the same actual controller 55348403-3
Technology Co., Ltd.
Chengdu Dongxu saving energy
Controlled by the same parent company 58001686-8
technology Co., Ltd.
Shijiazhuang Xuling Electric Technology
Controlled by the same actual controller 58244091-0
Co., Ltd.
Shijiazhuang Bofa Machine Equipment
Controlled by the same actual controller 66529153-5
Co., Ltd.
Notes
4. Related transactions.
（1）Related transactions on purchasing goods and receiving services
In RMB
Content of Amount in current period Amount in last period
Pricing principle of
Related parties related Proportion Proportio
related transactions Amount Amount
transaction （%） n（%）
Zhengzhou Xufei Checking Reference price setting 7,264,957.28 0.63%
103
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
Optoelectronic machine
Technology Co., Ltd.
Zhijiazhuang Xuling
Supervisory
Electric TechnologyCo., Reference price setting 820,512.82 100.00%
system
Ltd.
Chengdu Dongxu Energy
Saving Technology Co., ESL Reference price setting 819,393.15 1.77% 2,480,216.16 100.00%
Ltd.
Shijiazhuang Baoshi
Electronics Group Co., Energy Reference price setting 1,937,148.94 100.00%
Ltd.
Shijiazhuang Baoshi
Large-diameter plastic Carat Tube Reference price setting 1,781,750.43 100.00%
tube Co., Ltd.
Related transactions on sale goods and receiving services
In RMB
Amount in current period Amount in last period
Content of related Pricing principle of
Related parties Proportion Proportio
transaction related transactions Amount Amount
（%） n（%）
High-Display
Dongxu （Yingkou）
production line
Optoelectronic Display Reference price setting 5,560,752.23 0.75% 95,314,892.69 46.76%
Equipment
Co., Ltd.
Construction
High-Display
Zhengzhou Xufei
production line
Optoelectronic Reference price setting 20,167,514.53 2.72% 20,109,097.42 9.87%
Equipment
Technology Co., Ltd.
Construction
High-Display
Shijiazhuang Xuxin
production line
Optoelectronic Reference price setting 714,577,914.53 96.52% 88,152,406.84 43.25%
Equipment
Technology Co., Ltd.
Construction
Zhengzhou Xufei
Optoelectronic A-frame Reference price setting 1,726,495.73 13.20% 3,290,598.30 51.48%
Technology Co., Ltd
Zhengzhou Xufei
Optoelectronic Material Reference price setting 548,632.48 39.04%
Technology Co., Ltd
Shijiazhuang Bofa
Mechanical Equipment A-frame Reference price setting 3,826,923.07 29.25%
Co., Ltd.
104
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
Shijiazhuang Baoshi
Electronics Group Co., Processing Reference price setting 23,470.08 0.37%
Ltd.
Dongxu Group Lead Tube Reference price setting 3,010,770.00 23.01%
Sichuan Xuhong
Optoelectronic A-frame Reference price setting 631,623.93 9.88%
Technology Co., Ltd.
Sichuan Xuhong
Construction
Optoelectronic Reference price setting 1,884,120.04 77.72%
installation
Technology Co., Ltd.
Shijiazhuang Xuxin
Construction
Optoelectronic Reference price setting 540,000.00 22.28%
installation
Technology Co., Ltd.
（2）Related trusteeship or contracting
Related trusteeship or contracting in which the Company is the undertaker
In RMB
Gains from
Name of the Name of the Asset situation of Terminatin
Start date Pricing basis the deal in
employer undertaker the undertaker g date
report period
Trusteeship costs include basic
management fees and incentive
Dongxu Group
management fees(0.5
Co.,Yingko Yanhai
Entrust the manag million/years), including basic
Development Dongxu
ement equity , management fee of 1 million
Construction Co., Optoelectronic January 1,
Entrust the manag per year, incentive management 750,000.00
Ltd., Minerals Technology 2012
ement rights fees per year managed company
(Yingko) Industry Co., Ltd.
with net operating profit after
Park Development
tax of 5% calculation
Co., Ltd.
（Base incentive management f
ees deduct prior years' losses）
Trusteeship costs include basic
Dongxu management fees and incentive
Optoelectrnic management fees(0.5
Investment Co., Entrust the manag million/years), including basic
Dongxu
Ltd.,Henan ement equity , management fee of 1 million
Optoelectronic
State-owned Assets Entrust the manag March 1, 2012 per year, incentive management 750,000.00
Technology
Management Co., ement rights fees per year managed company
Co., Ltd.
Ltd.,Zhengzhou with net operating profit after
Investment tax of 5% calculation
Holdings Co., Ltd. （Base incentive management f
ees deduct prior years' losses）
105
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
Dongxu Group Co.,
Trusteeship costs include basic
Mianyang
management fees and incentive
Investment
management fees(0.5
Development
Entrust the manag million/years), including basic
(Group) Co., Ltd., Dongxu
ement equity , management fee of 1 million
Mianyang Optoelectronic
Entrust the manag March 1, 2012 per year, incentive management 750,000.00
Investment City Technology
ement rights fees per year managed company
Development Co., Ltd.
with net operating profit after
Investment (Group)
tax of 5% calculation
Co., Ltd., Sichuan
（Base incentive management f
Changhong
ees deduct prior years' losses）
Electrical Co., Ltd.
Trusteeship costs include basic
Shijiazhuang Baoshi management fees and incentive
Electronic Group management fees(0.5
Co., Entrust the manag million/years), including basic
Dongxu
Ltd.,Shijiazhuang ement equity , management fee of 1 million
Optoelectronic
High Lanhu Entrust the manag March 1, 2012 per year, incentive management 750,000.00
Technology
Investment Co., ement rights fees per year managed company
Co., Ltd.
Ltd., Shijiazhuang with net operating profit after
State Holding tax of 5% calculation
Investment Co., Ltd. （Base incentive management f
ees deduct prior years' losses）
Related trusteeship or outsourcing in which the Company is the employer
In RMB
Gains from the
Name of the Name of the Asset situation of
Start date Terminating date Pricing basis deal in report
employer undertaker the undertaker
period
Notes
In the report period, the company was entrusted to manage the equity and management rights of Dongxu(Yingkou) Optoelectronic
display Co., Ltd., Zhengzhou Xufei Optoelectronic Technology Co., Ltd. , Sichuan Xuhong Optoelectronic Technology Co., Ltd.,
Shijiazhuang Xuxin Optoelectronic Technology Co., Ltd..
（3）Related guarantee condition
In RMB
If completed or
Name of the guarantor Name of the securedparty Amount guarnteed Starting date Expired on
not
Dongxu Zhengzhou Xufei
Optoelectronic Optoelectronic 198,219,450.00 January 3, 2014 January 1, 2018 No
Technology Co., Ltd. Technology Co., Ltd.
Dongxu Sichuan Xuhong
163,533,914.00 January 3, 2014 January 1, 2018 No
Optoelectronic Optoelectronic
106
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
Technology Co., Ltd. Technology Co., Ltd.
Dongxu
Dongxu Group Optoelectronic 100,000,000.00 May 27, 2014 May 26, 2015 No
Technology Co., Ltd.
Information about Related guarantees
By June 30, 2014 Dongxu Group Co, Ltd., provides the loan guarantee with the max guarantee amount of 100,000,000 yuan for the
company’s loan of 10,000,000 yuan from Cangzhou China Industrial Bank; and provide load guarantee for Zhengzhou Xufei
Optoelectronics Technology Co., Ltd’s loan from Hebei branch of China Huarong Asset Management Co., Ltd..of the amount of
198,219,450 yuan; and provide load guarantee for Sichuan Xuhong Optoelectronics Technology Co., Ltd’s loan from Hebei branch of
China Huarong Asset Management Co., Ltd..of the amount of 163,533,914 yuan;
5.Payables and receivables of the related party
Listed company related party fund
In RMB
Amount at year end Amount at year beginning
Name Related party
Balance of Book Bad debt Provision Balance of Book Bad debt Provision
Dongxu （Yingkou）
Other receivable Optoelectronic Display Co., 329,692,778.31 323,298,380.95
Ltd.
Zhengzhou Xufei
Other receivable Optoelectronic Technology Co., 186,758,661.70 496,453,936.75
Ltd
Sichuan Xuhong Optoelectronic
Other receivable 3,350,073.09 85,332,403.52
Technology Co., Ltd.
Other receivable Dongxu Group 918,618.00 1,000,000.00
Shijiazhuang Xuxin
Other receivable Optoelectronic Technology Co., 859,293,266.99 22,684,306.99
Ltd.
Dongxu Optoelectronic
Other receivable 750,000.00 500,000.00
Investment Co., Ltd.
Hebei Baoshi Energy saving
Other receivable 20,000.00 20,000.00
lighting technology Co., Ltd.
Other receivable Shijiazhuang Baoshi Group 2,218,861.15 899,535.29
Shijiazhuang Baoshi
Other receivable Large-diameter plastic tube Co., 673,962.50 673,962.50
ltd
Shijiazhuang Baodong
Other receivable 351,203.36
Electrinic Co., Ltd.
Other receivable Shijiazhuang Baoshi Zhonghe 1,222,881.50 1,222,881.50
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
Steel Plastic Shape Co., Ltd.
Hebei Baoshi Energy saving
Other receivable 646,561.00 646,561.00
lighting technology Co., Ltd.
Shijiazhuang Baoshi Electronic
Other receivable 2,138,467.07 2,244,567.50
vacuum Glass Co., Ltd.
Shijiazhuang XumingTube Co.,
Other receivable 771,500.55 771,500.55
Ltd.
Sichuan Xuhong Optoelectronic
Other receivable 4,147.59 11,674.72
Technology Co., Ltd.
Chengdu Xushuang Solar
Other receivable 5,837.36
energy Technology Co., Ltd.
Prepayable Shijiazhuang Baoshi Zhonghe
840,000.00
account Steel Plastic Shape Co., Ltd.
Prepayable Hebei Baoshi Energy saving
4,099,624.00 4,084,924.00
account lighting technology Co., Ltd.
Prepayable
Shijiazhuang Baoshi Group 14,536,043.55 14,536,043.55
account
Prepayable Shijiazhuang Xuling Electrinic
3,090,000.00 2,130,000.00
account Technology Co., Ltd.
The listed company Payables of the related party
In RMB
Name Related party Amount at year end Amount at year
beginning
Account payable Shijiazhuang Baoshi Electronic vacuum Glass Co., Ltd. 5,515,048.79 5,462,784.95
Shijiazhuang Baoshi Large-diameter plastic tube Co.,
Account payable 533,942.80 533,942.80
ltd
Account payable Chengdu Dongxu Energy Technology Co., Ltd. 556,660.38 757,818.38
Account payable Zhengzhou Xufei Optoelectronic Technology Co., Ltd. 5,929,200.00 20,459,114.53
Account payable Shijiazhuang XumingTube Co., Ltd. 14,948.00 14,948.00
Account payable Shijiazhuang Dongxu Mechine Equiement Co., Ltd. 1,917,869.00
Other payable Jinzhou Xulong Solar energy Technology Co., Ltd. 1,500,000.00 1,500,000.00
Other payable Dongxu Group 35,001,133.65 9,218,289.20
IX. Commitment events.
1. Material commitments
Please refer to No.2014-044 Announcement: the Announcement on the Normative Commitment of the Company and the Actual
108
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
Controller , Shareholders and the Affiliated Parties’ Commitments to Perform, disclosed on June 28, 2014.
2. Commitments made previously
Please refer to No.2014-044 Announcement: the Announcement on the Normative Commitment of the Company and the Actual
Controller , Shareholders and the Affiliated Parties’ Commitments to Perform, disclosed on June 28, 2014.
X.Other Important events
1..Enterprises Consolidation
The 10th meeting of the seventh Board of Director and the first provisional shareholder's meeting of 2014 examined and adopted "the
proposal of acquiring controlling shareholder Dongxu Group subsidiaries's equity " agreed the company to trade net asset value
of 20.5137 million as audit assessments trading price of the acquisition wholly owned subsidiary of the controlling shareholder
Dongxu Group Ltd. 100% stake in Sichuan Ruiyi Construction Engineering Co., Ltd.， the company will complete the acquisition of
the entire equity related work before June 2014.
XI.Notes s of main items in financial reports of parent company
1.Account receivable
（1）Account receivable
In RMB
Year-end balance Year-beginning balance
Book balance Provision for bad debts Book balance Provision for bad debts
Type Propo
Proporti Proporti Proporti
Amount rtion( Amount Amount Amount
on (%) on(%) on (%)
%)
Receivables with major
individual amount and bad
debt provision provided
individually receivables 19.39 100.00 100.00
6,661,700.00 6,661,700.00 6,661,700.00 25.53% 6,661,700.00
with major individual % % %
amount and bad debt
provision provided
individually
Receivables provided bad debt provision in groups
13.81
Account age group 4,745,472.08 2,881,075.68 60.71% 3,854,187.14 14.77% 2,881,075.68 74.75%
%
Other Group 22,955,626.40 66.80 15,574,379.96 59.69%
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
%
80.61
Subtotal of group 27,701,098.48 2,881,075.68 10.40% 19,428,567.10 74.47% 2,881,075.68 14.83%
%
Total 34,362,798.48 -- 9,542,775.68 -- 26,090,267.10 -- 9,542,775.68 --
Notes
Receivable accounts with large amount individually and bad debt provisions were provided.
√Applicable □Not applicable
In RMB
Description of the receivable accounts Book balance Bad debt provision Rate Reason
Bsoshi TV factory 6,661,700.00 6,661,700.00 100.00% Over 5 years
合计 6,661,700.00 6,661,700.00 -- --
Receivable account in Group on which bad debt provisions were provided on age basis：
√Applicable □Not applicable
Amount in year-end Amount in year-begin
Book balance Book balance
Account age Bad debt provision Bad debt provision
Proporti Proporti
Amount Amount
on(%) on(%)
Within 1 year
Including： -- -- -- -- -- --
Within credit
891,284.94 18.78%
period
Within 1
yearafter 1,023,738.38 21.57% 51,186.92 1,023,738.38 26.56% 51,186.92
credit period
Subtotal of
1,915,023.32 40.35%
Within 1 year
2-3 years 800.00 0.02% 240.00 800.00 0.02% 240.00
Over 5 years 2,829,648.76 59.63% 2,829,648.76 2,829,648.76 73.42% 2,829,648.76
Total 4,745,472.08 -- 2,881,075.68 3,854,187.14 -- 2,881,075.68
Receivable account in Group on which bad debt provisions were provided on percentage basis：
□Applicable √Not applicable
Receivable account in Group on which bad debt provisions were provided on other basis：
√Applicable □Not applicable
In RMB
Name Book balance Provision of bad debt
Other group 22,955,626.40
Total 22,955,626.40
110
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
In the current report period, Separate amount is not large, the account receivable with big combination risk after
combined via risk character:
□Applicable√Not applicable
（2）Particulars about the receivable accounts due from shareholders with 5% or over of the Company’s shares in the report
period.
In RMB
Year-end balance Year-beginning balance
Name
Book Balance Amount Book Balance Amount
Dongxu Group 918,618.00 1,000,000.00
Total 918,618.00 1,000,000.00
（3）The front 5 units’ information of account receivable
In RMB
Portion in
Relation with the total
Name Amount Ages
Company receivables
(%)
Zhengzhou Xufei Optoelectronic Technology
Related parties 7,939,846.71 Within1years 31.99%
Co.,Ltd.
Sichuan Xuhong Optoelectronic Technology
Related parties 3,350,073.09 Within1 years 13.50%
Co., Ltd.
Shijiazhuang Dongxu Optoelectronic
Controlling sub-subsidiary 2,951,000.00 Within1 years 11.89%
Equipment Technology Co., Ltd.
Shijiazhuang Xuxin Optoelectronic Technology
Related parties 1,814,226.98 Within 1 years 7.31%
Co., Ltd.
Dongxu （Yingkou）Optoelectronic Display
Related parties 1,500,000.00 Within 1years 6.04%
Co., Ltd.
Total 17,555,146.78 70.73%
（4）Account receivable from Related parties
In RMB
Portion in
total
Name Relation with the company Amount
receivables
account(%)
Zhengzhou Xufei Optoelectronic Technology Co.,Ltd. Related parties 7,939,846.71 31.99%
Sichuan Xuhong Optoelectronic Technology Co., Ltd. Related parties 3,350,073.09 13.50%
Shijiazhuang Xuxin Optoelectronic Technology Co., Ltd. Related parties 1,814,226.98 7.31%
Dongxu （Yingkou）Optoelectronic Display Co., Ltd. Related parties 1,500,000.00 6.04%
Dongxu Group Related parties 918,618.00 3.70%
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
Dongxu Optoelectronic Investment Co., Ltd. Related parties 750,000.00 3.02%
Total -- 16,272,764.78 65.56%
2.Other receivable
(1).Other receivable
In RMB
Amount in year-end Amount in year-begin
Book Balance Bad debt provision Book Balance Bad debt provision
Type Propo Propo Propo Propo
Amount rtion( Amount rtion( Amount rtion( Amount rtion(
%) %) %) %)
Other Receivables provided bad debt provision in groups
100.0 100.0
Account age group 3,534,272.33 1.94% 2,806,862.08 2,810,599.28 0.65% 2,810,599.28
0% 0%
98.06 99.35
Other Group 179,031,330.84 432,062,236.88
% %
100.0 100.0
Subtotal Group 182,565,603.17 2,806,862.08 1.54% 434,872,836.16 2,810,599.28 0.65%
0% 0%
Total 182,565,603.17 -- 2,806,862.08 -- 434,872,836.16 -- 2,810,599.28 --
Notes
Other receivable accounts with large amount and were provided had debt provisions individually at end of period.
□Applicable√Not applicable
Other receivable account in Group on which bad debt provisions were provided on Age basis：
√Applicable □Not applicable
Amount in year-end Amount in year-begin
Book balance Book balance
Account age Bad debt provision Bad debt provision
Proporti Proporti
Amount Amount
on(%) on(%)
Within 1 year
Including： -- -- -- -- -- --
Within credit
727,410.25 20.58%
period
100.00
Over 5 years 2,806,862.08 79.42% 2,806,862.08 2,810,599.28 2,810,599.28
%
Total 3,534,272.33 -- 2,806,862.08 2,810,599.28 -- 2,810,599.28
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
Other receivable account in Group on which bad debt provisions were provided on percentage basis：
□Applicable √Not applicable
Receivable accounts on which bad debt provisions are provided by other ways in the portfolio：
√Applicable□ Not applicable
Name Book balance Amount of bad debt
Other group 179,031,330.84
Total 179,031,330.84
Separate amount is big at end of the period or not big but other account receivable and doubtful reserves shall be withdrawn.
□Applicable√Not applicable
（2）Other receivable accounts actually written off in the report period
In RMB
Name of the Nature of other Amount of written Reason of written Occurred under related
Date of written off
Company receivable off off relationship
Yang Jizhan 787.20 Non-Reicoverable No
Li Zhi 2,000.00 Non-Reicoverable No
Total -- -- 2,787.20 -- --
(3) Other receivables due from the shareholders holding 5% or above voting shares of the Company duringthe reporting
period
In RMB
Balance at the period end Balance in year-begin
Name
Book balance Amount of bad debts Book balance Amount of bad debts
Shijiazhuang Baoshi Electronics
3,863,266.23 2,543,940.37
Group Co., Ltd.
Total 3,863,266.23 2,543,940.37
(4) The from 5 units’ information of other account receivable
In RMB
Percentage in
Unit name Relation with the Amount total Other
Terms
account
company
receivable(%)
Wuhu Dongxu Optoelectronic Equipment Subsidiary
100,000,000.00 Within 1 year 55.63%
Technology Co., Ltd.
70,630,448.10 Within 1 year 39.29%
Shijiazhuang Dongxu Optoelectronic Equipment Grandson Company
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Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
Technology Co., Ltd.
Shijiazhuang Baoshi Zhonghe Steel Plastic Shape Related parties
1,222,881.50 Within 1 year 0.68%
Co., Ltd.
Shijiazhuang Baoshi Xuming Tube Co., Ltd. 868,531.55 Within 1 year 0.48%
Related parties
Shijiazhuang Baoshi Electronics Group Co., Ltd. 3,863,266.23 Within 1 year 2.15%
Related parties
176,585,127.38 98.23%
Total
（5）Other receivables due from related parties
In RMB
Proportion in total
Name Relation with the Company Amount other
receivables(%)
Shijiazhuang Baoshi Zhonghe Steel Plastic Shape
Related parties 1,222,881.50 0.68%
Co., Ltd.
Shijiazhuang Baoshi Xuming Tube Co., Ltd. Related parties 868,531.55 0.48%
Shijiazhuang Baoshi Electronics Group Co., Ltd. Related parties 3,863,266.23 2.15%
Shijiazhuang Baoshi Large-diameter plastic tube
Related parties 673,962.50 0.37%
Co., ltd.
Hebei Baoshi Energy saving lighting technology Co.,
Related parties 646,561.00 0.36%
Ltd.
Total -- 7,275,202.78 4.04%
3.Long-term equity investments
In RMB
Explanati
on of
diffidence
Sharehold Voting between
Accounti Initial ing right sharehold
Original Ending Current Cash
Name ng investmen change proportio proportio ing Devalue
balance Balance devalue bonus
method t cost n in the n in the proportio
investee investee n and
voting
right
proportio
114
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
n in
investee
Shijiazhu
ang
Baoshi Cost 439,341,9 439,341,9 439,341,9 378,172,6
81.26% 81.26%
Color 56.80 56.80 56.80 49.84
method
Bulb Co.,
Ltd.
Hebei
Xubao
Construct
ion
Cost 100,000,0 100,000,0 100,000,0
Engineeri 100.00% 100.00%
method 00.00 00.00 00.00
ng
Installatio
n Co.,
Ltd.
Shijiazhu
ang
Dongxu
Optoelect
ronic Cost 93,100,00 93,100,00 93,100,00
95.00% 95.00%
Equipme 0.00 0.00 0.00
method
nt
Technolo
gy Co.,
Ltd.
Wuhu
Dongxu
Optoelect
Cost 4,711,064 4,471,064 240,000,0 4,711,064
ronic 100.00% 100.00%
method ,000.00 ,000.00 00.00 ,000.00
Technolo
gy Co.,
Ltd.
Wuhan
Dongxu
Optoelect
Cost 3,125,000 3,125,000 3,125,000
ronic 62.50% 62.50%
method .00 .00 .00
Technolo
gy Co.,
Ltd.
Sichuan Cost 100,453,7 100,453,7 100,453,7 100.00% 100.00%
115
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
Ruiyi 28.53 28.53 28.53
method
Construct
ion
Engineeri
ng Co.,
Ltd.
5,447,084 5,106,630 340,453,7 5,447,084 378,172,6
Total -- -- --
,685.33 ,956.80 28.53 ,685.33 49.84
4. Business income and Business cost
（1）Business income
In RMB
Items Amount of current period Amount of previous period
Income from Business income 21,248,661.04 9,733,380.95
Other Business income 55,897.44 37,252,235.13
Total 21,304,558.48 46,985,616.08
Business cost 18,423,075.94 35,568,317.91
（2）Main business（Industry）
In RMB
Amount of current period Amount of previous period
Name
Business income Business cost Business income Business cost
Electric vacuu glass part and
21,248,661.04 16,536,799.08 9,733,380.95 7,139,154.19
electronic components
Total 21,248,661.04 16,536,799.08 9,733,380.95 7,139,154.19
（3）Main business（Production）
In RMB
Amount of current period Amount of previous period
Name
Business income Business cost Business income Business cost
Electric vacuu glass part and
21,248,661.04 16,536,799.08 9,733,380.95 7,139,154.19
electronic components
Total 21,248,661.04 16,536,799.08 9,733,380.95 7,139,154.19
（4）Main business（Area）
In RMB
116
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
Name Amount of current period Amount of previous period
Business income Business cost Business income Business cost
Domestic 17,357,515.27 13,339,366.84 8,909,048.85 6,534,530.37
Overseas 3,891,145.77 3,197,432.24 824,332.10 604,623.82
Total 21,248,661.04 16,536,799.08 9,733,380.95 7,139,154.19
（5）Total income and the ratio of operating income from top five clients
In RMB
Name Business Income Proportion(%)
Wuhu Dongxu Optoelectronic Technology Co., Ltd. 4,585,470.07 21.52%
Damar laut 3,818,478.15 17.92%
Wuhu Dongxu Optoelectronic Equipment Technology Co., Ltd. 3,579,487.20 16.80%
Zhengzhou Xufei Optoelectronic Technology Co., Ltd. 1,726,495.73 8.10%
Shijiazhuang Bofa Machinery & Equipment Co., Ltd. 3,826,923.07 17.96%
Total 17,536,854.22 82.30%
Notes
5. Supplement information of Consolidated Flow Statement
In RMB
Amount of current
Supplement information Amount of previous period
period
1. Adjusting net profit to net cash flow in operating activities: -- --
Net profit -6,222,332.94 -508,291.49
Add： Provision for impairment of assets -950.00 -100,099.63
Depreciation of fixed assets, oil and gas assets and consumable
996,946.66 4,181,203.87
biological assets
Amortization of intangible assets 162,781.86 162,781.86
Financial expenses 541,666.67 -1,514,963.34
Decrease of deferred income tax assets 2,436,326.84
Decrease of inventories 2,640,422.64 25,893,067.20
Decrease of operating receivable 244,505,220.24 -575,000,275.16
Increase of operating receivables 54,742,648.41 -363,995,459.96
Net cash flows arising from operating activities 297,366,403.54 -908,445,709.81
117
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
II. Significant investment and financing activities that without cash
-- --
flows
III. Net increase of cash and cash equivalents -- --
Ending balance of cash 86,717,982.80 39,682,673.29
Less: Beginning balance of cash equivalents 29,805,307.79 1,602,670.30
Net increase of cash and cash equivalents 56,912,675.01 38,080,002.99
XII. Supplementary Information
1.Current non-recurring gains/losses
In RMB
Items Amount Notes
Govemment subsidies recognized in currentgain and
loss(excluding those closely related to the Company’s business 175,895,903.21
and granted under the state’s policies)
Gain/loss on loans obtained by entrusting others 3,000,000.00
Other non-operating income and expenditure beside for the above
1,903,740.83
items
Less: Influenced amount of income tax 34,191,212.29
Amount of influence of minority interests（After tax） 4,406,644.39
Total 142,201,787.36 --
Explain recognition reasons item-by-item if the govemment subsidies reckoned into current gains /losses was the recurring
gains/losses.
√ Applicable □ Not Applicable
Items Amount（RMB） Reason
―"Sixth-generation TFT-LCD glass substrate technology " project gran
Govemment subsidies 60,000,000.00
ts
Finance subsidies 17,884,100.00 Govemment subsidies
Tax returns 98,011,803.21 Business Tax refund from Tax Bureau
2.The differences between domestic and international accounting standards
(1)Simultaneously pursuant to both Chinese accounting standards and international accounting standards disclosed in the
financial reports of differences in net income and net assets.
In RMB
Net profit attributable to the shareholders of the Net Assets attributable to the shareholders of
118
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
listed company the listed company
Amount in the Amount in the previous End of the reporting Beginning of the
reporting period period period reporting period
According to CAS 407,536,660.90 113,967,626.00 6,221,210,375.94 5,813,673,715.04
Items and amount adjusted according to IAS
3. Return on net assets and earnings per share
In RMB
Earnings per share
Return on net assets .
Profit of the report period
Weighted（%）
Basic earnings per share Diluted gains per share
Net profit attributable to the Common stock
6.77% 0.15 0.15
shareholders of Company.
Net profit attributable to the Common stock
shareholders of Company after deducting of 4.42% 0.10 0.10
non-recurring gain/loss.
119
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2014
IX. Documents available for inspection
1.The original semi-annual report bearing the signature of the Chairman of the Board of Directors
of the Company;
2.The text of the financial report bearing the seal and signature of the person in charge of the
Company, financial controller and the person in charge of accounting organ;
3. Originals of all documents and manuscripts of public Notices of the Company Disclosed in
public in the newspapers as designated by China Securities Regulatory Commission.
[Notes] This Report has been prepared in both Chinese and English. In case of any discrepancy,
the Chinese version shall prevail.
Dongxu Optoelectronic Technology Co., Ltd.
Chairman of the Board：Li Zhaoting
Issue day approved by the Board of Directors：August 28,2014
120
