Abstract of the Semi-annual Report 2012 of BOE Technology Group Co., Ltd.
BOE Technology Group Co., Ltd.
Abstract of the Semi-annual Report 2012
I. Important Notes
The Board of Directors, the Supervisory Committee, directors, supervisors and senior executives of BOE
Technology Group Co., Ltd. (hereinafter referred to as “the Company”) hereby assure that there are no false
records, misleading statements or significant omissions in this report, and shall shoulder any individual and/or
joint liability concerning the authenticity, accuracy and completeness of the contents of this report.
All directors attended the board session for reviewing this report.
The financial report for the first half of 2012 has not been audited by a CPA firm.
Chairman of the Board & Company Principal Mr. Wang Dongsheng, CEO Mr. Chen Yanshun, Head of the
Accounting Work Ms. Sun Yun, and Person-in-charge of the Accounting Division Ms.Yang Xiaoping hereby
declare that the Financial Report enclosed in this report is factual and complete.
English Translation for Reference Only. Should there be any discrepancy between the two versions, the Chinese
version shall prevail.
II. Company Profile
（I）Basic information
B-share abbreviation BOE-B
B-share code 200725
Stock exchange listed with Shenzhen Stock Exchange
Board Secretary Securities Affairs Representative
Name Feng Liqiong Liu Hongfeng
No.10, Jiuxianqiao Road, Chaoyang No.10, Jiuxianqiao Road, Chaoyang
Contact address District, Beijing District, Beijing
Tel. 010－64318888 ext. 010－64318888 ext.
Fax 010－64366264 010－64366264
fengliqiong@boe.com.cn liuhongfeng@boe.com.cn
E-mail
（II）Financial highlights
1. Major accounting data and financial indexes
Any retrospective adjustment in previous financial statements?
1
Abstract of the Semi-annual Report 2012 of BOE Technology Group Co., Ltd.
□ Yes √ No
Increase/decrease at the
At the end of this reporting At the end of this reporting end of this reporting period
period 30 Jun. 2012 period 31 Dec. 2011 compared with the end of
last year (%)
Total assets (RMB Yuan) 67,316,247,128.00 68,769,415,646.00 -2.11%
Owners’ equity attributable to shareholders
24,813,084,260.00 25,585,892,264.00 -3.02%
of the Company (RMB Yuan)
Share capital (share) 13,521,542,341.00 13,521,542,341.00 0%
Net assets per share attributable to
shareholders of the Company (RMB 1.84 1.89 -2.65%
Yuan/share)
Liability/asset ratio（%） 49.52% 49.04% 0.48%
Reporting period Jan.-Jun. Reporting period Jan.-Jun. Increase/decrease
2012 2011 year-on-year (%)
Total operating income (RMB Yuan) 9,608,882,013.00 4,940,033,997.00 94.51%
Operating profit (RMB Yuan) -1,226,439,189.00 -1,394,938,605.00 12.08%
Total profit (RMB Yuan) -1,068,853,171.00 -1,329,248,016.00 19.59%
Net profit attributable to shareholders of
-786,882,196.00 -1,215,484,477.00 35.26%
the Company (RMB Yuan)
Net profit attributable to shareholders of
the Company after deducting non-recurring -907,917,180.00 -1,272,107,385.00 28.63%
gains and losses (RMB Yuan)
Basic EPS (RMB Yuan/share) -0.058 -0.09 35.56%
Diluted EPS (RMB Yuan/share) -0.058 -0.09 35.56%
Weighted average ROE (%) -3.12% -4.99% 1.87%
Weighted average ROE after deducting
-3.60% -5.23% 1.63%
non-recurring gains and losses (%)
Net cash flow from operating activities
121,827,560.00 -614,189,947.00 119.84%
(RMB Yuan)
Net cash flow per share from operating
0.01 -0.05 120%
activities (RMB Yuan/share)
Notes to major accounting data and financial indexes before the end of the reporting period (Please give notes if
there is any retrospective adjustment):
2. Items of non-recurring gains and losses
√Applicable □Inapplicable
Items Jan.-Jun. 2012 (RMB Yuan) Notes
Gains and losses on disposal of non-current assets -376,902.00 -
Tax rebate, reduction or exemption due to un-authorized
0.00 -
approval or the lack of formal approval documents
Government grants recognized in the current year, except
for those acquired in the ordinary course of business or
149,746,711.00 -
granted at certain quotas or amounts according to the
country’s unified standards
Capital occupation fees received from non-financial
0.00 -
enterprises that are included in current gains and losses
Gains generated when the investment costs of the
Company’s acquiring subsidiaries, associates and joint
ventures are less than the fair value of identifiable net assets 0.00 -
in the investees attributable to the Company in the
acquisition of the investments
2
Abstract of the Semi-annual Report 2012 of BOE Technology Group Co., Ltd.
Exchange gains and losses of non-monetary assets 0.00 -
Gains and losses through entrusting others to invest or
0.00 -
manage assets
Various asset impairment provisions due to acts of God such
0.00 -
as natural disasters
Gains and losses on debt restructuring 0.00 -
Enterprise reorganization expenses, such as expenses on
0.00 -
employee settlement and integration
Gains and losses on the parts exceeding the fair value when
0.00 -
prices of transactions become unfair
Net current gains and losses from the period-begin to the
combination date of subsidiaries due to business 0.00 -
combinations under the same control
Gains and losses on contingent matters which are irrelevant
0.00 -
to the normal operation of the Company
Gains and losses on fair value changes of transactional
financial assets and liabilities, and investment gains on
disposal of transactional financial assets and liabilities and 0.00 -
available-for-sale financial assets, except for the effective
hedging business related to the Company’s normal operation
Reversal of impairment provisions for accounts receivable
0.00 -
which are separately tested for impairment signs
Gains and losses on entrustment loans from external parties 0.00 -
Gains and losses on fair value changes of investing
properties for which the fair value method is adopted for 0.00 -
subsequent measurement
Current gain and loss effect due to a just-for-once
adjustment to current gains and losses according to
0.00 -
requirements of taxation and accounting laws and
regulations
Custodian fee income from entrusted operations with the
0.00 -
Company
Other non-operating incomes and expenses besides the
8,171,430.00 -
items above
Other gain and loss items that meet the definition of
0.00 -
non-recurring gains and losses
Minority interests effects 0.00 -
Income tax effects -242,447.00 -
Total 157,298,792.00 --
3. Net profit and net asset differences between financial reports disclosed according to the international and
Chinese accounting standards respectively
□Applicable √Inapplicable
4. Net profit and net asset differences between financial reports disclosed according to the overseas and
Chinese accounting standards respectively
□Applicable √Inapplicable
3
Abstract of the Semi-annual Report 2012 of BOE Technology Group Co., Ltd.
III. Changes in Share Capital and Particulars about Shareholders
（I）Changes in share capital
√Applicable □Inapplicable
Before the change Increase/decrease (+, -) After the change
Proportion Proporti
Number Others Subtotal Number
(%) on (%)
I. Shares subject to trading
2,094,137,906 15.49% -1,499,916,825 -1,499,916,825 594,221,081 4.39%
moratorium
1. State-owned shares 0 0% 0 0 0 0%
2. State-owned legal
2,094,059,405 15.49% -1,500,000,000 -1,500,000,000 594,059,405 4.39%
person shares
3. Other domestic shares 0 0% 0 0 0 0%
Including: Shares held by
0 0% 0 0 0 0%
domestic legal persons
Shares held by
0 0% 0 0 0 0%
domestic individuals
4. Shares held by overseas
0 0% 0 0 0 0%
shareholders
Including: Shares held by
0 0% 0 0 0 0%
overseas legal persons
Shares held by
0 0% 0 0 0 0%
overseas individuals
5. Shares held by senior
78,501 0% 83,175 83,175 161,676 0%
management staff
II. Shares not subject to
11,427,404,435 84.51% 1,499,916,825 1,499,916,825 12,927,321,260 95.61%
trading moratorium
1. Ordinary shares
10,088,744,435 74.61% 1,499,916,825 1,499,916,825 11,588,661,260 85.71%
denominated in RMB
2. Domestically listed
1,338,660,000 9.9% 0 0 1,338,660,000 9.9%
foreign shares
3. Overseas listed foreign
0 0% 0 0 0 0%
shares
4. Others 0 0% 0 0 0 0%
III. Total shares 13,521,542,341.00 100% 0 0 13,521,542,341.00 100%
（II）Shares held by the top ten holders of tradable shares/shares not subject to trading
moratorium
Shares held by the top ten shareholders and the top ten shareholders holding tradable shares
447,700 shareholders in total, including 407,523 A-share holders and 40,177
Total number of shareholders
B-shareholders
Particulars about shares held by the top ten shareholders
Sharehold Shares subject Pledged or frozen shares
Nature of ing Total shares held at to trading
Name of shareholder (full name) Number of
shareholder percentag the period-end moratorium Status of shares
e (%) held shares
BEIJING E-TOWN State-owne
Pledged or
INTERNATIONAL INVESTMENT d 11.35% 1,534,059,406 594,059,405 647,029,502
frozen
& DEVELOPMENT CO., LTD Corporatio
4
Abstract of the Semi-annual Report 2012 of BOE Technology Group Co., Ltd.
n
BEIJING BOE INVESTMENT & State-owne
DEVELOPMENT CO., LTD. d
6.37% 860,981,080
Corporatio
n
BEIJING State-owne
ECONOMIC-TECHNOLOGICAL d Pledged or
6.27% 847,650,000 350,000,000
INVESTMENT & Corporatio frozen
DEVELOPMENT CORP. n
State-owne
HEFEI RONGKE PROJECT d
5.86% 792,000,000
INVESTMENT CO., LTD. Corporatio
n
State-owne
HEFEI LAN KE INVESTMENT d
5.55% 750,000,000
CO., LTD. Corporatio
n
State-owne
HEFEI XINCHENG
d
STATE-OWNED ASSETS 5.55% 750,000,000
Corporatio
MANAGEMENT CO., LTD
n
BEIJING BDA State-owne
TECHNOLOGICAL d
4.44% 600,000,000
INVESTMENT DEVELOPMENT Corporatio
CO., LTD. n
BEIJING INDUSTRY
On behalf
DEVELOPMENT &
of the 3.27% 442,016,711
INVESTMENT MANAGEMENT
country
CO., LTD.
Domestic
CHINA CONSTRUCTION
non-state-o
BANK—YINHUA CORE VALUE 2.24% 303,019,637
wned
SELECTED STOCK FUND
corporation
On behalf
BEIJING ELECTRONICS Pledged or
of the 2.04% 275,303,883 168,418,605
HOLDING CO., LTD frozen
country
Particulars about shares held by the top ten shareholders holding tradable shares
Number of tradable shares Type and number of shares
Name of shareholder
held Type Number
BEIJING E-TOWN INTERNATIONAL
940,000,001 A-share 940,000,001
INVESTMENT & DEVELOPMENT CO., LTD
BEIJING BOE INVESTMENT &
860,981,080 A-share 860,981,080
DEVELOPMENT CO., LTD.
BEIJING ECONOMIC-TECHNOLOGICAL
847,650,000 A-share 847,650,000
INVESTMENT & DEVELOPMENT CORP.
HEFEI RONGKE PROJECT INVESTMENT
792,000,000 A-share 792,000,000
CO., LTD.
HEFEI LAN KE INVESTMENT CO., LTD. 750,000,000 A-share 750,000,000
HEFEI XINCHENG STATE-OWNED ASSETS
750,000,000 A-share 750,000,000
MANAGEMENT CO., LTD
BEIJING BDA TECHNOLOGICAL
600,000,000 A-share 600,000,000
INVESTMENT DEVELOPMENT CO., LTD.
BEIJING INDUSTRY DEVELOPMENT &
442,016,711 A-share 442,016,711
INVESTMENT MANAGEMENT CO., LTD.
CHINA CONSTRUCTION BANK—YINHUA
303,019,637 A-share 303,019,637
CORE VALUE SELECTED STOCK FUND
BEIJING ELECTRONICS HOLDING CO., 275,303,883 A-share 275,303,883
5
Abstract of the Semi-annual Report 2012 of BOE Technology Group Co., Ltd.
LTD
1. Beijing Electronics Holdings Co., Ltd. holds 66.25% shares of Beijing BOE
Investment & Development Co., Ltd. and is its controlling shareholder.
2. When the Company completed private offering of shares in 2010, Beijing
E-TOWN International Investment & Development Co., Ltd. transferred all
shares directly held to Beijing BOE Investment & Development Co., Ltd. for
management, then BOE Investment acquired the attached rights of the shares
attributable to other shareholders in accordance with current effective laws and
Explanation on associated relationship or/and rules of the Company excluding right of disposition such as transfer, donation,
mortgage etc. and usufruct (including claim for profit distribution and claim for
persons acting in concert among the retained assets distribution).
above-mentioned shareholders 3.Beijing Economic-technological investment & Development Corp. holds 49%
shares of BEIJING BDA TECHNOLOGICAL INVESTMENT DEVELOPMENT
CO., LTD.. Both of them are under the control of the Administration Committee
of Beijing Economic and Technological Development Zone, which makes them
parties acting in concert.
4. Except for relationship among the above shareholders, the Company is not
aware of whether there is any associated relationship or not among top ten
shareholders holding shares not subject to trading moratorium.
（III）Change of the controlling shareholder and the actual controller
□Applicable √Inapplicable
IV. Particulars about Directors, Supervisors and Senior Management
（I）Shareholding changes of directors, supervisors and senior management
Number of Number of Number of
Of which: Number of
shares held shares shares Number of
number of stock options Reason for
Name Office title at increased in decreased in shares held at
restricted held at change
period-begi reporting reporting period-end
shares held period-end
n period period
Chairman of
the Board,
Wang
Chief of the 29,905 0 0 29,905 22,429 0
Dongsheng
Execution
Committee
Yuan
Vice chairman 0 0 0 0 0 0
Hanyuan
Liang
Vice chairman 11,963 0 0 11,963 8,972 0
Xinqing
Executing
Chen
director, 0 0 0 0 0 0
Yanshun
president
Executing
director,
Han Guojian 11,962 110,900 0 122,862 92,147 0
executing vice
president
Executing
Wang director,
0 0 0 0 0 0
Jiaheng executing vice
president
Gui Jinghua Director 0 0 0 0 0 0
Dong Independent 0 0 0 0 0 0
6
Abstract of the Semi-annual Report 2012 of BOE Technology Group Co., Ltd.
Ansheng director
Ouyang Independent
0 0 0 0 0 0
Zhongcan director
Independent
Geng Jianxin 0 0 0 0 0 0
director
Independent
Ji Guoping 0 0 0 0 0 0
director
Convener of
Wu Wenxue the Supervisory 0 0 0 0 0 0
Committee
Zhang
Supervisor 0 0 0 0 0 0
Jinsong
Mu
Supervisor 2,991 0 0 2,991 2,243 0
Chengyuan
Zhong Staff-representa
0 0 0 0 0 0
Huifeng tive supervisor
Staff-representa
Yang Anle 0 0 0 0 0 0
tive supervisor
Executing vice
Liu Xiaodong 0 0 0 0 0 0
president, COO
Executing vice
Song Ying 29,905 0 0 29,905 22,429 0
president
Executing vice
Wang Yanjun 11,962 0 0 11,962 8,972 0
president
Senior vice
Sun Yun 5,981 0 0 5,981 4,486 0
president, CFO
Senior vice
Dong Youmei 0 0 0 0 0 0
president, CTO
Senior vice
president, chief
Feng Liqiong counsel, 0 0 0 0 0 0
company
secretary
Senior vice
Yue Zhanqiu 0 0 0 0 0 0
president
Senior vice
Li Xuezheng 0 0 0 0 0 0
president
Vice president,
Xie chief risk
0 0 0 0 0 0
Zhongdong control officer,
chief auditor
V. Report of the Board of Directors
（I）Main business lines classified by industries and products
Unit: RMB Yuan
Main business lines classified by industries
Increase/decrease Increase/decrease Increase/decrease
of operating of operating cost of gross profit
Gross profit
Industry Operating revenue Operating cost revenue compared with rate compared
rate (%)
compared with the same period with the same
the same period last year (%) period last year
7
Abstract of the Semi-annual Report 2012 of BOE Technology Group Co., Ltd.
last year (%) (%)
TFT-LCD 12,199,149,140.00 12,225,070,764.00 -0.2% 213.4% 172.1% 15.2%
Display light
1,014,288,844.00 956,036,513.00 5.7% 37.2% 34.7% 1.8%
source
Display system 856,696,380.00 822,702,651.00 4% 31.2% 41.3% -6.9%
Other business 439,354,891.00 298,888,290.00 32% -51.5% -60.7% 16%
Offset -5,180,948,753.00 -5,138,332,271.00 0.8% 279.1% 276.5% 0.7%
Main business lines classified by products
Increase/decrease Increase/decrease
Increase/decrease
of operating of gross profit
of operating cost
Gross profit revenue rate compared
Product Operating revenue Operating cost compared with
rate (%) compared with with the same
the same period
the same period period last year
last year (%)
last year (%) (%)
TFT-LCD 12,199,149,140.00 12,225,070,764.00 -0.2% 213.4% 172.1% 15.2%
Display light
1,014,288,844.00 956,036,513.00 5.7% 37.2% 34.7% 1.8%
source
Display system 856,696,380.00 822,702,651.00 4% 31.2% 41.3% -6.9%
Other business 439,354,891.00 298,888,290.00 32% -51.5% -60.7% 16%
Offset -5,180,948,753.00 -5,138,332,271.00 0.8% 279.1% 276.5% 0.7%
Explanation to the reasons for any significant year-on-year change of the gross profit rate:
The gross profit rate for the TFT-LCD business increased over the same period of last year, which was mainly
because in the reporting period, the production and sales of the TFT production lines expanded, the production
structure was continuously optimized and the product competitiveness increased.
The gross profit rate for other businesses also increased over the same period of last year, which was mainly
because in its real estate business, the Company enhanced brand building and increased the leasing rate, resulting
in increase in both the earnings and the gross profit.
（II）Main business lines classified by regions
Unit: RMB Yuan
Increase/decrease compared with the same
Region Operating revenue
period last year (%)
China 4,947,479,261.00 44.9%
Other Asian countries and regions 8,066,795,465.00 196.4%
Europe 641,719,191.00 577%
America 306,415,531.00 209.7%
Other countries 547,079,807.00 7,618%
Offset -5,180,948,753.00 242.4%
（III）Reasons for any significant change in main business and its structure
□Applicable √Inapplicable
（IV）Reasons of significant changes in profitability of main business (gross profit rate)
compared with that in the last year
□Applicable √Inapplicable
8
Abstract of the Semi-annual Report 2012 of BOE Technology Group Co., Ltd.
（V）Analysis on reasons of significant changes in profit breakdown compared with the last
year
□Applicable √Inapplicable
（VI）Particulars about utilization of the raised funds
1. Utilization of the raised funds
√Applicable □Inapplicable
Unit: RMB Ten thousand
Total raised capital 2,296,886 Total
raised
capital
Total raised capital of which the use was input in 371,008
0 the
changed in the reporting period
reporting
period
Accumulative raised capital of which the use Accumul
423,191
was changed ative
raised 2,137,256
Proportion of accumulative raised capital of
18.42% capital
which the use was changed input
Investme Date
Project
Accumul when the Material
Projects invested with changed nt Profit
Raised Investme Input in ative project Reach the change in
raised capital as or not progress generated
capital nt after the input up reaches expected the
promised and (includin up to the in the
input as adjustme reporting to the the profit or project
investments with g period-en reporting
promised nt (1) year period-en d (%)(3) expected not feasibility
over-raised capital partially period
d (2) usable or not
changed) ＝(2)/(1)
condition
Projects invested with
raised capital as
promised
Production line of 1 May Inapplica
6th-Generation No 1,078,331 895,950 34,504 853,689 95.28% -30,556 No
2011 ble
TFT-LCD (6G Project)
Supplementing current No Inapplica
100,000 282,381 282,381 100% No
capital (2009) ble
Production line of
8.5th-Generation 1 Jul. Inapplica
No 850,000 850,000 336,504 732,631 86.19% -57,912 No
TFT-LCD (8.5G 2012 ble
Project)
Supplementing current No Inapplica
44,365 44,365 44,365 100% No
capital (2010) ble
Subtotal of promised
- 2,072,696 2,072,696 371,008 1,913,066 - - -88,468 - -
investment projects
Investments of
over-raised capital
Repaying bank loans
- - - - -
(if any)
Supplementing
- - - - -
working capital (if any)
Subtotal of investments
- - - - -
with over-raised capital
9
Abstract of the Semi-annual Report 2012 of BOE Technology Group Co., Ltd.
Total - - - - -
Reason for failing to
reach scheduled
progress or projected Naught
income (listed in
specific projects)
Explanation on
significant changes in Naught
feasibility of projects
Amount, usage and □Applicable √Inapplicable
usage progress of
over-raised capital Naught
Change of the □Applicable √Inapplicable
implementation □ Took place in the reporting period □ Took place in previous years
location of any raised
funds investment Naught
project
Adjustment of the □Applicable √Inapplicable
implementation □ Took place in the reporting period □ Took place in previous years
method of any raised
funds investment Naught
project
√Applicable □Inapplicable
Before raised funds of Y2009 were available, in accordance with Proposal on Investing and Establishing
Advance input and 6th-Generation TFT-LCD Production Line Project and Proposal on Issuance Scheme of Private Offering of
exchange of any raised A stock approved by voting at the 17th Session of the 5th Board of Directors on 7 Nov. 2008 and the 2nd
funds investment Shareholders’ General Meeting 2008 on 25 Nov. 2008, the Company preliminarily input self raised funds
project of RMB 1,309,500,000.00 to construction of 6G Project. After raised funds of Y2009 became available,
based on the Management Method of Raised Funds of Listed Companies of Shenzhen Stock Exchange,
and as reviewed and passed by the 26th Session of the 5th Board of Directors on 23 Jun. 2009, the Company
replaced the preliminary self-raised funds put into 6G Project by raised funds of RMB 1,309,500,000.00.
√Applicable □Inapplicable
In light of Public Notice of BOE Technology Group Co., Ltd. on Supplementing Current Capital with
Idle raised capital for Some Idle Raised Funds by its Controlled Subsidiary on 21 Aug. 2009, in order to improve the service
temporarily efficiency of raised Funds, and under the premise of not changing whereabouts of raised funds and not
supplementing working influencing normal operation of raised funds projects, temporarily idle capital of less than RMB 900
capital million in the regulatory account of raised funds of Hefei BOE Co., Ltd. were used to supplement current
capital need in other accounts of Hefei BOE Co., Ltd. with a limited period of 6 months, so as to be applied
in daily payments and other businesses in other accounts. Hefei BOE Co., Ltd. has returned the aforesaid
raised proceeds to the special account in time according to stipulations.
□Applicable √Inapplicable
As reviewed and approved by the 17th Session in 2008 of the 5th Board of Directors, the Company
originally intended to use RMB 9 billion from raised funds in 2009 to invest the 6G project, and promised
Outstanding raised to use the extra surplus to construct the 6G project when the actual net raised funds exceeded the intended
funds in project total input of raised funds. At present, the financial structure of 6G project is rational, and the operating
implementation and capital is enough and stable, meeting daily operation demands. On 22 Apr. 2011, the 8th Session of the 6th
reasons Board of Directors reviewed and approved the Proposal on Using Surplus Funds Privately Raised in 2009
to Supplement Current Capital, agreeing to use the surplus raised funds of RMB 1,910,185,759.45
(including capital of RMB 1,823,808,831.30 and derivative interest of RMB 86,376,928.15), which was
deposited by Hefei BOE in the special account for raised funds of the Company till 31 Mar. 2011 and
originally promised to be invested to 6G project, to supplement current capital.
I. The remaining raised funds in 2009 would be used for construction and operation of the Hefei 6G Line,
which are currently put into the special accounts for raised funds and strictly managed by Hefei BOE
Usage and whereabouts Optoelectronics Technology Co., Ltd.—the company in charge of the project implementation; II. The
of unused raise capital remaining raised funds in 2010 would be used for construction and operation of the Beijing 8.5G Line,
which are currently put into the special accounts for raised funds and strictly managed by Beijing BOE
Display Technology Co., Ltd. —the company in charge of the project implementation.
Problems found in the
usage and disclosure Naught
affairs of raised capital
10
Abstract of the Semi-annual Report 2012 of BOE Technology Group Co., Ltd.
and other situations
2. Change of projects invested with raised funds
□Applicable √Inapplicable
（VII）Revision of the Board of Directors’ business plan for the second half of the year
□Applicable √Inapplicable
（VIII）Business performance estimate for Jan.-Sept. 2012
Warnings of estimated possible losses or major changes of the accumulative net profit achieved during the period
from the beginning of the year to the end of the next reporting period compared with the same period of last year,
as well as the reasons
√Applicable □Inapplicable
Business performance forecast: loss
Type of the business performance forecast data
□ Exact number √ Interval number
Jan.-Sept. 2011
Jan.-Sept. 2012
+/-（%）
Estimated cumulative net
profit (RMB Ten thousand)
-78,000 -- -70,000 -214,309
Basic EPS (RMB Yuan/share) -0.06 -- -0.05 -0.16
1. Since 2012, prices for liquid crystal panels have become stable, prices for
medium-and-large-sized panels have bounced back while those for small-sized have dropped
obviously. As the 8.5G Line reaches its full production capacity, the shipment of the Company has
jumped to No. 5 worldwide, which means that the Company has had the business basis for it to
compete in the global market.
Notes to the business
performance forecast 2. In terms of all the production lines, the Company made sure their full production and a full sale
while at the same time proactively adjusting the product structure, accelerating development of
products with high added value and increasing competitiveness of its products. It is expected that
the 4.5G, 5G and 6G lines will generate profit in the third quarter and that the performance of the
8.5G line will improve. The third quarter of 2012 is expected to see profit in terms of the overall
business performance of the Company.
（IX）Explanation of the Board of Directors on “Non-standard Auditing Report” issued by
the CPA firm for the reporting period
□Applicable √Inapplicable
（X）Explanation of the Board of Directors on changes and solutions of the issues involved in
the “Non-standard Auditing Report” issued by the CPA firm for last year
□Applicable √Inapplicable
11
Abstract of the Semi-annual Report 2012 of BOE Technology Group Co., Ltd.
VI. Significant Events
（I）Purchase, sales and reorganization of assets
1. Purchase of assets
□Applicable √Inapplicable
Notes to purchase of assets:
Naught
2. Sale of assets
□Applicable √Inapplicable
Notes to sale of assets:
Naught
3. Progress of these events after the publicatin of the assets reorganization report or public notices on the
purchases or sales of assets, as well as the influences of these events on the operation results and financial
status of the Company in this reporting period
□Applicable √Inapplicable
（II）Guarantee events
√Applicable □Inapplicable
Unit: RMB Ten thousand
Guarantees provided by the Company for external parties (excluding those for subsidiaries)
Disclosure Guarante
Actual
date of Actual e for a
Amount for occurrence date Type of Period of Executed
Guaranteed party relevant guarantee related
guarantee (date of guarantee guarantee or not
announcem amount party or
agreement)
ent not
From the
guarantee
contract
signing date
Beijing Agricultural to the date
4 Jun. 2012 1,500 - 0 Pledge No No
Guarantee Co., Ltd. when the
liabilities
under the
contract are
all repaid
Total external guarantee line Total actual occurred amount
approved during the reporting 1,500 of external guarantee during -
period (A1) the reporting period (A2)
Total external guarantee line that Total actual external guarantee
has been approved at the end of 1,500 balance at the end of the -
the reporting period (A3) reporting period (A4)
Guarantees provided by the Company for its subsidiaries
Guaranteed party Disclosure Amount for Actual Actual Type of Period of Executed Guarante
date of guarantee occurrence date guarantee guarantee guarantee or not e for a
12
Abstract of the Semi-annual Report 2012 of BOE Technology Group Co., Ltd.
relevant (date of amount related
announcem agreement) party or
ent not
Beijing BOE 8 Apr.
Optoelectronics 8 Apr. 2005 468,043 31 Mar. 2005 217,429 Warranty 2005-13 Apr. No No
Technology Co., Ltd. 2014
Total guarantee line approved for Total actual occurred amount
the subsidiaries during the of guarantee for the
reporting period 0 0
subsidiaries during the
(B1) reporting period (B2)
Total guarantee line that has been
Total actual guarantee balance
approved for the subsidiaries at
468,043 for the subsidiaries at the end 217,429
the end of the reporting period
of the reporting period (B4)
(B3)
Total guarantee amount provided by the Company (total of the above-mentioned two kinds of guarantees)
Total guarantee line approved Total actual occurred amount
during the reporting period 1,500 of guarantee during the 0
(A1+B1) reporting period (A2+B2)
Total guarantee line that has been
approved at the end of the Total actual guarantee balance
reporting period 469,543 at the end of the reporting 217,429
period (A4+B4)
(A3+B3)
Proportion of total guarantee amount (A4+B4) to the net assets
8.76%
of the Company
Of which:
Amount of guarantee for shareholders, actual controller and
0
related parties (C)
Amount of debt guarantee provided for the guaranteed party
whose asset-liability ratio is not less than 70% directly or 0
indirectly (D)
Part of the amount of the total guarantee over 50% of net assets
0
(E)
Total amount of the above three guarantees (C+D+E) 0
Explanation on possible bearing joint responsibility of
Naught
liquidation due to immature guarantee
Explanation on provision of guarantees for external parties in
Naught
violation of the prescribed procedure
（III）Non-operating credits and liabilities with related parties
Was there any non-operating credit or liability with any related party?
□ Yes □ No
（IV）Significant lawsuits and arbitrations
□Applicable √Inapplicable
（V） Other significant events as well as analysis and explanations on their impact and
solutions
√Applicable □Inapplicable
On 14 Aug. 2012, the Company, the People’s Government of Hefei City and Chaohu City Construction and Investment Co., Ltd.
signed the Framework Agreement Regarding Making Investment in the Hefei Xincheng Optoelectronics Technology Co., Ltd.
TFT-LCD 8.5G Production Line Project. According to the Agreement, the Company will, with Hefei Xincheng Optoelectronics
Technology Co., Ltd. as the platform for investment, construction and operation, invest to build a TFT-LCD 8.5G whole-process
13
Abstract of the Semi-annual Report 2012 of BOE Technology Group Co., Ltd.
production line in Hefei City. For details, see the Announcement on Signing an Investment Framework Agreement (Announcement
No. 2012-024) disclosed by the Company on 16 Aug. 2012.
1. Securities investment
□Applicable √Inapplicable
Notes to securities investment:
2. Holding equity of other listed companies
√Applicable □Inapplicable
Change of
Initial Proportion in Closing Gain/loss in
owners’ equity
Stock investment the company’s carrying the reporting Accountin
Stock code during the Stock source
abbr. amount (RMB total equity amount (RMB period (RMB g title
reporting period
Yuan) (%) Yuan) Yuan)
(RMB Yuan)
Available-
Tpv
for-sale
HK0903 Technolog 134,658,158.00 1.04% 30,979,147.00 0.00 2,935,840.00 Subscription
financial
y
assets
Available-
for-sale Share
SH600658 DZC 90,160,428.00 1.69% 56,747,214.00 1,669,314.00 10,071,590.00
financial exchange
assets
Total 224,818,586.00 -- 87,726,361.00 1,669,314.00 13,007,430.00 -- --
Notes to holding equity of other listed companies:
3. Capital occupation during the reporting period and debt-clearing progress
□Applicable √Inapplicable
The accountability plan put forward by the Board of Directors when the Company had not completed collecting
the capital occupied for non-operating purposes by the end of the reporting period
□Applicable √Inapplicable
4. Fulfillment of commitments
Commitments made by the Company, its directors, supervisors, senior management, shareholders holding more
than 5% shares of the Company, actual controller or any other relevant party in this reporting period, or such
commitments carried down into this reporting period
□Applicable √Inapplicable
5. Pre-plan of the Board of Directors for profit distribution or turning capital reserves into share capital
□Applicable √Inapplicable
6. Items of other comprehensive income
Unit: RMB Yuan
Items Jan.-Jun. 2012 Jan.-Jun. 2011
1. Profits/(losses) from available-for-sale financial assets 13,007,430.00 -21,300,944.00
Less: Effects on income tax generating from available-for-sale
financial assets
Net amount transferred into profit and loss in the current period that
recognized into other comprehensive income in prior period
14
Abstract of the Semi-annual Report 2012 of BOE Technology Group Co., Ltd.
Subtotal 13,007,430.00 -21,300,944.00
2. Interests in the investee entities’ other comprehensive income as per
equity method
Less: Effects on income tax generating from the interests in the
investee entities’ other comprehensive income as per equity method
Net amount transferred into profit and loss in the current period that
recognized into other comprehensive income in prior period
Subtotal
3. Profits/(losses) from cash flow hedging instrument
Less: Effects on income tax generating from cash flow hedging
instrument
Net amount transferred into profit and loss in the current period that
recognized into other comprehensive income in prior period
The adjustment value that is the converted initial recognition amount of
arbitrage project
Subtotal
4. Converted amount of foreign currency financial statements 1,066,762.00 314,125.00
Less: Net value of disposal of oversea operations that recognized into
current profit and loss
Subtotal 1,066,762.00 314,125.00
5. Other
Less: Effects on income tax generating from the others that included
into other comprehensive income
Net amount transferred into profit and loss in the current period that
recognized into other comprehensive income in prior period
Subtotal
Total 14,074,192.00 -20,986,819.00
（VI）Particulars about researches, visits and interviews received in this reporting period
Main discussion and
Time of reception Place of reception Way of reception Visitor type Visitor materials provided by the
Company
Conference Room of Azentus
9 Jan. 2012 Field research Institution
the Company Capital
Longzhong
Conference Room of Investment, Main discussion:
11 Jan. 2012 Field research Institution 1. Operation status and
the Company CITIC
Securities future development
strategies of the
Daiwa Company;
Securities,
18 Jan. 2012 Over phone By phone Institution 2. Present status and
Daiwa
Securities (HK) development trends in the
industry;
BOC 3. Particulars about
7 Feb. 2012 Over phone By phone Institution International Chengdu 4.5G Line,
(China) Beijing 5G Line, Hefei 6G
YCT Line, Beijing 8.5G Line
16 Feb. 2012 Over phone By phone Institution Investment and Inner Mongolia Erdos
Management 5.5G AMOLED Line.
Daiwa Materials provided by the
Securities and Company:
Conference Room of
24 Feb. 2012 Field research Institution Beijing Office The Company’s annual
the Company reports for 2010 and 2011,
of Daiwa
Securities brochure and other
materials available for
Citibank Hong public access
2 Mar. 2012 Over phone By phone Institution
Kong
Huatai
6 Mar. 2012 Over phone By phone Institution
Securities
15
Abstract of the Semi-annual Report 2012 of BOE Technology Group Co., Ltd.
Conference Room of Fino wave
7 Mar. 2012 Field research Institution
the Company investments
Conference Room of
8 Mar. 2012 Field research Institution Dacheng Fund
the Company
Conference Room of
9 Mar. 2012 Field research Institution Yinhua Fund
the Company
Shanghai
Office of
Merrill Lynch,
Merrill Lynch
16 Mar. 2012 Ritz-Carlton Hotel Field research Institution
(Asia-Pacific)
Co., Ltd.,
Cephei capital,
Mitsubishi UFJ
Conference Room of Everbright
19 Mar. 2012 Field research Institution
the Company Securities
Sylebra Capital
20 Mar. 2012 Over phone By phone Institution
Management
GF Securities,
Jiahe Life,
Cinda
Conference Room of Securities, Zexi
7 May 2012 Field research Institution
the Company Investment,
Zhongzhi
Enterprise
Group
China
Securities, Lion
Fund,
Changsheng
Fund,
Enterprise
Management
Center of
Conference Room of Beijing Anquan
11 May 2012 Field research Institution
the Company Xingye,
Minsheng
Securities,
AVIVA-COFC
O, Dacheng
Fund, Shanghai
Liuhe
Investment, GF
Securities
Everbright
17 May 2012 Over phone By phone Institution
Securities
Industrial
Securities,
Orient
Conference Room of
22 May 2012 Field research Institution Securities Asset
the Company
Management,
Mizuho
Corporate Bank
Kylin
Conference Room of
24 May 2012 Field research Institution Management
the Company
LLC
FrankLin
Conference Room of Templeton
15 Jun. 2012 Field research Institution
the Company Sealand Fund
Management
18 Jun. 2012 Over phone By phone Institution Shenzhen
16
Abstract of the Semi-annual Report 2012 of BOE Technology Group Co., Ltd.
Central
Solomon
Capital
Investment
Conference Room of Asian Century
19 Jun. 2012 Field research Institution
the Company Quest
VII. Financial Report
（I）Audit opinion
Has this interim report been audited?
□ Yes √ No
（II）Financial statements
Consolidated statements or not?
√ Yes □ No
1. Consolidated balance sheet
Prepared by BOE Technology Group Co., Ltd.
Unit: RMB Yuan
Item Note 30 Jun. 2012 31 Dec. 2011
Current Assets:
Monetary funds 15,575,508,881.00 20,325,469,116.00
Settlement reserves 0.00 0.00
Intra-group lendings 0.00 0.00
Transactional financial assets 0.00 0.00
Notes receivable 551,484,685.00 340,293,997.00
Accounts receivable 3,386,388,813.00 2,560,795,545.00
Accounts paid in advance 154,633,989.00 64,799,585.00
Premiums receivable 0.00 0.00
Reinsurance premiums receivable 0.00 0.00
Receivable reinsurance contract
0.00 0.00
reserves
Interest receivable 46,241,459.00 105,243,519.00
Dividend receivable 0.00 0.00
Other accounts receivable 1,790,351,375.00 1,735,824,884.00
Financial assets purchased under
0.00 0.00
agreements to resell
Inventories 2,573,854,565.00 2,116,218,705.00
Non-current assets due within 1
0.00 0.00
year
Other current assets 2,369,304,313.00 696,796,503.00
Total current assets 26,447,768,080.00 27,945,441,854.00
Non-current assets:
Loans by mandate and advances
0.00 0.00
granted
17
Abstract of the Semi-annual Report 2012 of BOE Technology Group Co., Ltd.
Available-for-sale financial assets 87,726,361.00 74,718,931.00
Held-to-maturity investments 0.00 0.00
Long-term accounts receivable 0.00 0.00
Long-term equity investment 946,293,066.00 958,879,205.00
Investing property 1,318,606,167.00 1,340,984,989.00
Fixed assets 30,775,533,119.00 28,388,863,004.00
Construction in progress 5,752,763,007.00 8,412,921,608.00
Engineering materials 0.00 0.00
Disposal of fixed assets 0.00 0.00
Production biological assets 0.00 0.00
Oil-gas assets 0.00 0.00
Intangible assets 1,404,317,912.00 1,454,669,394.00
R&D expense 0.00 0.00
Goodwill 51,502,898.00 51,502,898.00
Long-term deferred expenses 233,867,070.00 22,860,526.00
Deferred income tax assets 49,166,758.00 47,892,088.00
Other non-current assets 248,702,690.00 70,681,149.00
Total of non-current assets 40,868,479,048.00 40,823,973,792.00
Total assets 67,316,247,128.00 68,769,415,646.00
Current liabilities:
Short-term borrowings 2,224,836,847.00 6,487,193,510.00
Borrowings from Central Bank 0.00 0.00
Customer bank deposits and due
to banks and other financial 0.00 0.00
institutions
Intra-group borrowings 0.00 0.00
Transactional financial liabilities 0.00 0.00
Notes payable 30,627,813.00 27,918,268.00
Accounts payable 4,495,407,684.00 3,630,464,475.00
Accounts received in advance 417,560,487.00 186,069,735.00
Financial assets sold for
0.00 0.00
repurchase
Handling charges and
0.00 0.00
commissions payable
Employee’s compensation
319,282,739.00 368,442,775.00
payable
Tax payable 32,327,394.00 47,338,545.00
Interest payable 120,424,129.00 110,964,115.00
Dividend payable 8,051,170.00 6,451,170.00
Other accounts payable 3,712,075,555.00 4,285,822,157.00
Reinsurance premiums payable 0.00 0.00
Insurance contract reserves 0.00 0.00
Payables for acting trading of
0.00 0.00
securities
Payables for acting underwriting
0.00 0.00
of securities
Non-current liabilities due within
1,834,719,878.00 1,716,776,716.00
1 year
Other current liabilities 52,108,874.00 88,652,956.00
18
Abstract of the Semi-annual Report 2012 of BOE Technology Group Co., Ltd.
Total current liabilities 13,247,422,570.00 16,956,094,422.00
Non-current liabilities:
Long-term borrowings 18,094,805,396.00 14,700,018,374.00
Bonds payable 0.00 0.00
Long-term payables 0.00 0.00
Specific payables 0.00 0.00
Estimated liabilities 30,080,844.00 30,080,844.00
Deferred income tax liabilities 410,958,274.00 414,561,354.00
Other non-current liabilities 1,552,328,495.00 1,623,176,746.00
Total non-current liabilities 20,088,173,009.00 16,767,837,318.00
Total liabilities 33,335,595,579.00 33,723,931,740.00
Owners’ equity (or shareholders’
equity)
Paid-up capital (or share capital) 13,521,542,341.00 13,521,542,341.00
Capital reserves 15,315,956,376.00 15,302,948,946.00
Less: Treasury stock 0.00 0.00
Specific reserves 0.00 0.00
Surplus reserves 499,092,613.00 499,092,613.00
Provisions for general risks 0.00 0.00
Retained profits -4,521,188,189.00 -3,734,305,993.00
Foreign exchange difference -2,318,881.00 -3,385,643.00
Total equity attributable to owners
24,813,084,260.00 25,585,892,264.00
of the Company
Minority interests 9,167,567,289.00 9,459,591,642.00
Total owners’ (or shareholders’)
33,980,651,549.00 35,045,483,906.00
equity
Total liabilities and owners’ (or
67,316,247,128.00 68,769,415,646.00
shareholders’) equity
Legal representative: Mr. Wang Dongsheng Person-in-charge of the accounting work: Ms. Sun Yun
Chief of the accounting division: Ms. Yang Xiaoping
2. Balance sheet of the Company
Unit: RMB Yuan
Item Note 30 Jun. 2012 31 Dec. 2011
Current Assets:
Monetary funds 2,227,510,191.00 3,043,542,028.00
Transactional financial assets - -
Notes receivable 1,250,000.00 3,863,762.00
Accounts receivable 58,574,392.00 55,112,379.00
Accounts paid in advance 8,193,004.00 2,982,710.00
Interest receivable 6,682,038.00 9,141,082.00
Dividend receivable 10,404,147.00 8,204,147.00
Other accounts receivable 306,278,781.00 389,156,441.00
Inventories 1,642,996.00 1,306,051.00
Non-current assets due within 1
- -
year
19
Abstract of the Semi-annual Report 2012 of BOE Technology Group Co., Ltd.
Other current assets 41,794,339.00 28,797,744.00
Total current assets 2,662,329,888.00 3,542,106,344.00
Non-current assets:
Available-for-sale financial assets 87,726,361.00 74,718,931.00
Held-to-maturity investments - -
Long-term accounts receivable - -
Long-term equity investment 27,643,980,498.00 27,656,535,260.00
Investing property 169,321,700.00 172,908,765.00
Fixed assets 371,543,034.00 393,096,085.00
Construction in progress 89,261,489.00 26,832,993.00
Engineering materials - -
Disposal of fixed assets - -
Production biological assets - -
Oil-gas assets - -
Intangible assets 99,317,549.00 99,478,210.00
R&D expense - -
Goodwill - -
Long-term deferred expenses 3,019,278.00 3,586,980.00
Deferred income tax assets - -
Other non-current assets 5,768,029.00 4,457,280.00
Total of non-current assets 28,469,937,938.00 28,431,614,504.00
Total assets 31,132,267,826.00 31,973,720,848.00
Current liabilities:
Short-term borrowings 34,663,422.00
Transactional financial liabilities
Notes payable
Accounts payable 12,396,999.00 13,236,221.00
Accounts received in advance 290,500,449.00 287,038,716.00
Employee’s compensation
36,929,204.00 61,693,468.00
payable
Tax payable 15,641,719.00 21,739,121.00
Interest payable 1,088,911.00
Dividend payable 6,451,170.00 6,451,170.00
Other accounts payable 2,170,376,379.00 2,893,384,484.00
Non-current liabilities due within
50,000,000.00 100,000,000.00
1 year
Other current liabilities
Total current liabilities 2,582,295,920.00 3,419,295,513.00
Non-current liabilities:
Long-term borrowings 100,000,000.00 100,000,000.00
Bonds payable
Long-term payables
Specific payables
Estimated liabilities
Deferred income tax liabilities
Other non-current liabilities 42,993,323.00 60,063,972.00
Total non-current liabilities 142,993,323.00 160,063,972.00
20
Abstract of the Semi-annual Report 2012 of BOE Technology Group Co., Ltd.
Total liabilities 2,725,289,243.00 3,579,359,485.00
Owners’ equity (or shareholders’
equity)
Paid-up capital (or share capital) 13,521,542,341.00 13,521,542,341.00
Capital reserves 15,107,600,975.00 15,094,593,545.00
Less: Treasury stock
Specific reserves
Surplus reserves 499,092,613.00 499,092,613.00
Retained profits -721,257,346.00 -720,867,136.00
Foreign exchange difference
Total owners’ (or shareholders’)
28,406,978,583.00 28,394,361,363.00
equity
Total liabilities and owners’ (or
31,132,267,826.00 31,973,720,848.00
shareholders’) equity
3. Consolidated income statement
Unit: RMB Yuan
Item Note Jan.-Jun. 2012 Jan.-Jun. 2011
I. Total operating revenues 9,608,882,013.00 4,940,033,997.00
Including: Sales income 9,608,882,013.00 4,940,033,997.00
Interest income
Premium income
Handling charge and
commission income
II. Total operating cost 10,831,568,433.00 6,326,899,814.00
Including: Cost of sales 9,502,396,703.00 5,344,717,781.00
Interest expenses
Handling charge and
commission expenses
Surrenders
Net claims paid
Net amount withdrawn for
the insurance contract reserve
Expenditure on policy
dividends
Reinsurance premium
Taxes and associate charges 15,264,131.00 10,971,045.00
Selling and distribution
254,457,109.00 169,760,957.00
expenses
Administrative expenses 950,037,835.00 817,952,938.00
Financial expenses 121,301,724.00 -75,281,816.00
Asset impairment loss -11,889,069.00 58,778,909.00
Add: Gain/(loss) from change in fair
0.00 -8,670,137.00
value (“-” means loss)
Gain/(loss) from investment
-3,752,769.00 597,349.00
(“-” means loss)
Including: share of profits in
-5,766,868.00 -2,832,684.00
associates and joint ventures
Foreign exchange gains (“-” means
21
Abstract of the Semi-annual Report 2012 of BOE Technology Group Co., Ltd.
loss)
III. Business profit (“-” means loss) -1,226,439,189.00 -1,394,938,605.00
Add: non-operating income 160,092,355.00 73,239,677.00
Less: non-operating expense 2,506,337.00 7,549,088.00
Including: loss from non-current
1,598,969.00 6,907,321.00
asset disposal
IV. Total profit (“-” means loss) -1,068,853,171.00 -1,329,248,016.00
Less: Income tax expense 8,253,509.00 -2,709,700.00
V. Net profit (“-” means loss) -1,077,106,680.00 -1,326,538,316.00
Including: Net profit achieved
by combined parties before the 0.00 0.00
combinations
Attributable to owners of the
-786,882,196.00 -1,215,484,477.00
Company
Minority shareholders’ income -290,224,484.00 -111,053,839.00
VI. Earnings per share -- --
(I) Basic earnings per share -0.058 -0.09
(II) Diluted earnings per share -0.058 -0.09
Ⅶ. Other comprehensive incomes 14,074,192.00 -20,986,819.00
Ⅷ. Total comprehensive incomes -1,063,032,488.00 -1,347,525,135.00
Attributable to owners of the
-772,808,004.00 -1,236,471,296.00
Company
Attributable to minority
-290,224,484.00 -111,053,839.00
shareholders
Where business mergers under the same control occurred in this report period, the net profit achieved by the merged parties before
the business mergers was RMB 0.
Legal representative: Mr. Wang Dongsheng Person-in-charge of the accounting work: Ms. Sun Yun
Chief of the accounting division: Ms. Yang Xiaoping
4. Income statement of the Company
Unit: RMB Yuan
Item Note Jan.-Jun. 2012 Jan.-Jun. 2011
I. Total sales 170,706,040.00 91,857,703.00
Less: cost of sales 51,546,737.00 38,700,083.00
Business taxes and surcharges 4,066,025.00 2,247,936.00
Distribution expenses 4,206,680.00 44,121.00
Administrative expenses 166,584,372.00 145,296,254.00
Financial costs -47,647,828.00 -51,123,213.00
Impairment loss 295,830.00 153,695.00
Add: gain/(loss) from change in fair
value (“-” means loss)
Gain/(loss) from investment (“-”
-1,521,393.00 697,296.00
means loss)
Including: income form investment
-5,735,492.00 -2,732,738.00
on associates and joint ventures
II. Business profit (“-” means loss) -9,867,169.00 -42,763,877.00
Add: non-business income 10,053,675.00 14,616,065.00
Less: non-business expense 576,716.00 180,556.00
22
Abstract of the Semi-annual Report 2012 of BOE Technology Group Co., Ltd.
Including: loss from non-current
576,716.00 180,556.00
asset disposal
III. Total profit (“-” means loss) -390,210.00 -28,328,368.00
Less: income tax expense
IV. Net profit (“-” means loss) -390,210.00 -28,328,368.00
V. Earnings per share -- --
(I) Basic earnings per share -0.00003 -0.0021
(II) Diluted earnings per share -0.00003 -0.0021
VI. Other comprehensive income 13,007,430.00 -21,300,944.00
VII. Total comprehensive income 12,617,220.00 -49,629,312.00
5. Consolidated cash flow statement
Unit: RMB Yuan
Item Jan.-Jun. 2012 Jan.-Jun. 2011
I. Cash flows from operating activities:
Cash received from sale of
8,437,761,719.00 3,944,504,377.00
commodities and rendering of service
Net increase of deposits from
customers and dues from banks
Net increase of loans from the central
bank
Net increase of funds borrowed from
other financial institutions
Cash received from premium of
original insurance contracts
Net cash received from reinsurance
business
Net increase of deposits of policy
holders and investment fund
Net increase of disposal of tradable
financial assets
Cash received from interest, handling
charges and commissions
Net increase of intra-group
borrowings
Net increase of funds in repurchase
business
Tax refunds received 145,153,216.00 236,511,314.00
Other cash received relating to
246,832,198.00 535,191,754.00
operating activities
Subtotal of cash inflows from operating
8,829,747,133.00 4,716,207,445.00
activities
Cash paid for goods and services 6,999,915,587.00 3,999,021,124.00
Net increase of customer lendings
and advances
Net increase of funds deposited in the
central bank and amount due from
banks
Cash for paying claims of the original
insurance contracts
Cash for paying interest, handling
charges and commissions
23
Abstract of the Semi-annual Report 2012 of BOE Technology Group Co., Ltd.
Cash for paying policy dividends
Cash paid to and for employees 1,008,017,259.00 683,572,295.00
Various taxes paid 121,916,940.00 101,014,106.00
Other cash payment relating to
578,069,787.00 546,789,867.00
operating activities
Subtotal of cash outflows from
8,707,919,573.00 5,330,397,392.00
operating activities
Net cash flows from operating activities 121,827,560.00 -614,189,947.00
II. Cash flows from investing activities:
Cash received from withdrawal of
7,170,127.00
investments
Cash received from return on
1,669,314.00 3,430,033.00
investments
Net cash received from disposal of
fixed assets, intangible assets and other 2,038,815.00 1,054,188.00
long-term assets
Net cash received from disposal of
subsidiaries or other business units
Other cash received relating to
147,741,915.00 1,694,201,045.00
investing activities
Subtotal of cash inflows from
158,620,171.00 1,698,685,266.00
investing activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 2,349,407,153.00 11,595,565,436.00
assets
Cash paid for investment 315,135,550.00
Net increase of pledged loans
Net cash paid to acquire subsidiaries
15,306,439.00
and other business units
Other cash payments relating to
7,367,347.00 6,403,063,351.00
investing activities
Subtotal of cash outflows from
2,356,774,500.00 18,329,070,776.00
investing activities
Net cash flows from investing activities -2,198,154,329.00 -16,630,385,510.00
III. Cash Flows from Financing
Activities:
Cash received from capital
contributions
Including: Cash received from
minority shareholder investments by
subsidiaries
Cash received from borrowings 6,111,806,234.00 13,076,509,060.00
Cash received from issuance of
bonds
Other cash received relating to
1,779,312,938.00 58,505,525.00
financing activities
Subtotal of cash inflows from financing
7,891,119,172.00 13,135,014,585.00
activities
Repayment of borrowings 7,111,042,789.00 3,657,302,209.00
Cash paid for interest expenses and
532,077,943.00 236,467,968.00
distribution of dividends or profit
Including: dividends or profit paid
by subsidiaries to minority shareholders
24
Abstract of the Semi-annual Report 2012 of BOE Technology Group Co., Ltd.
Other cash payments relating to
10,227,877.00 25,047,038.00
financing activities
Sub-total of cash outflows from
7,653,348,609.00 3,918,817,215.00
financing activities
Net cash flows from financing activities 237,770,563.00 9,216,197,370.00
IV. Effect of foreign exchange rate
18,124,469.00 3,915,256.00
changes on cash and cash equivalents
V. Net increase in cash and cash
-1,820,431,737.00 -8,024,462,831.00
equivalents
Add: Opening balance of cash and
12,959,533,670.00 19,097,948,638.00
cash equivalents
VI. Closing balance of cash and cash
11,139,101,933.00 11,073,485,807.00
equivalents
6. Cash flow statement of the Company
Unit: RMB Yuan
Item Jan.-Jun. 2012 Jan.-Jun. 2011
I. Cash flows from operating activities:
Cash received from sale of
62,089,359.00 34,094,945.00
commodities and rendering of service
Tax refunds received 141,215.00
Other cash received relating to
147,096,507.00 99,152,872.00
operating activities
Subtotal of cash inflows from operating
209,185,866.00 133,389,032.00
activities
Cash paid for goods and services 7,010,864.00 60,273,770.00
Cash paid to and for employees 131,694,825.00 77,032,973.00
Various taxes paid 15,012,233.00 21,512,453.00
Other cash payment relating to
714,260,562.00 123,680,010.00
operating activities
Subtotal of cash outflows from
867,978,484.00 282,499,206.00
operating activities
Net cash flows from operating activities -658,792,618.00 -149,110,174.00
II. Cash flows from investing activities:
Cash received from retraction of
7,170,027.00
investments
Cash received from return on
1,669,314.00 3,430,033.00
investments
Net cash received from disposal of
fixed assets, intangible assets and other 972,287.00
long-term assets
Net cash received from disposal of
20,000,000.00
subsidiaries or other business units
Other cash received relating to
42,788,163.00 64,117,692.00
investing activities
Subtotal of cash inflows from
51,627,504.00 88,520,012.00
investing activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 81,918,256.00 24,953,787.00
assets
Cash paid for investment 8,975,135,550.00
Net cash paid to acquire subsidiaries
25
Abstract of the Semi-annual Report 2012 of BOE Technology Group Co., Ltd.
and other business units
Other cash payments relating to
investing activities
Subtotal of cash outflows from
81,918,256.00 9,000,089,337.00
investing activities
Net cash flows from investing activities -30,290,752.00 -8,911,569,325.00
III. Cash Flows from Financing
Activities:
Cash received from capital
contributions
Cash received from borrowings 30,338,847.00
Cash received from issuance of
bonds
Other cash received relating to
41,642,000.00 17,878,000.00
financing activities
Subtotal of cash inflows from financing
41,642,000.00 48,216,847.00
activities
Repayment of borrowings 84,021,667.00 47,956,027.00
Cash paid for interest expenses and
1,315,665.00 1,349,289.00
distribution of dividends or profit
Other cash payments relating to
7,476,924.00
financing activities
Sub-total of cash outflows from
85,337,332.00 56,782,240.00
financing activities
Net cash flows from financing activities -43,695,332.00 -8,565,393.00
IV. Effect of foreign exchange rate
-2,356.00 4,473,829.00
changes on cash and cash equivalents
V. Net increase in cash and cash
-732,781,058.00 -9,064,771,063.00
equivalents
Add: Opening balance of cash and
2,951,867,533.00 11,478,796,269.00
cash equivalents
VI. Closing balance of cash and cash
2,219,086,475.00 2,414,025,206.00
equivalents
26
Abstract of the Semi-annual Report 2012 of BOE Technology Group Co., Ltd.
7. Consolidated statement of changes in owners’ equity
Reporting period
Unit: RMB Yuan
Reporting period
Equity attributable to owners of the Company
Item Minority Total owners’
Less: General
Paid-up capital (or Specific interests equity
Capital reserve treasury Surplus reserve risk Retained profit Others
share capital) reserve
stock reserve
I. Balance at the end of the previous
13,521,542,341.00 15,302,948,946.00 499,092,613.00 -3,734,305,993.00 -3,385,643.00 9,459,591,642.00 35,045,483,906.00
year
Add: change of accounting policy
Correction of errors in previous
periods
Other
II. Balance at the beginning of the year 13,521,542,341.00 15,302,948,946.00 499,092,613.00 -3,734,305,993.00 -3,385,643.00 9,459,591,642.00 35,045,483,906.00
III. Increase/ decrease of amount in the
13,007,430.00 -786,882,196.00 1,066,762.00 -292,024,353.00 -1,064,832,357.00
year (“-” means decrease)
(I) Net profit -786,882,196.00 -290,224,484.00 -1,077,106,680.00
(II) Other comprehensive incomes 13,007,430.00 1,066,762.00 131.00 14,074,323.00
Subtotal of (I) and (II) 13,007,430.00 -786,882,196.00 1,066,762.00 -290,224,353.00 -1,063,032,357.00
(III) Capital paid in and reduced by
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
owners
1. Capital paid in by owners
2. Amounts of share-based
payments recognized in owners’ equity
3. Others
(IV) Profit distribution 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -1,800,000.00 -1,800,000.00
1. Appropriations to surplus
reserves
2. Appropriations to general risk
provisions
3. Appropriations to owners (or
-1,800,000.00 -1,800,000.00
shareholders)
4. Other
27
Abstract of the Semi-annual Report 2012 of BOE Technology Group Co., Ltd.
(V) Internal carry-forward of
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
owners’ equity
1. New increase of capital (or
share capital) from capital public
reserves
2. New increase of capital (or
share capital) from surplus reserves
3. Surplus reserves for making up
losses
4. Other
(Ⅵ) Specific reserve 0.00
1. Withdrawn for the period
2. Used in the period
(Ⅶ) Other
IV. Closing balance 13,521,542,341.00 15,315,956,376.00 499,092,613.00 -4,521,188,189.00 -2,318,881.00 9,167,567,289.00 33,980,651,549.00
Last year
Unit: RMB Yuan
Last year
Equity attributable to owners of the Company
Item Less: General Minority Total owners’
Paid-up capital (or Specific interests equity
Capital reserve treasury Surplus reserve risk Retained profit Others
share capital) reserve
stock reserve
I. Balance at the end of the previous
11,267,951,951.00 17,484,354,151.00 499,092,613.00 -4,295,172,470.00 -1,213,199.00 9,304,795,207.00 34,259,808,253.00
year
Add: retrospective adjustments due
to business combinations under the
same control
Add: change of accounting policy
Correction of errors in previous
periods
Other
II. Balance at the beginning of the year 11,267,951,951.00 17,484,354,151.00 499,092,613.00 -4,295,172,470.00 -1,213,199.00 9,304,795,207.00 34,259,808,253.00
III. Increase/ decrease of amount in the
2,253,590,390.00 -2,181,405,205.00 560,866,477.00 -2,172,444.00 154,796,435.00 785,675,653.00
year (“-” means decrease)
(I) Net profit 560,866,477.00 132,810,840.00 693,677,317.00
(II) Other comprehensive incomes 72,185,185.00 -2,172,444.00 -21,266,498.00 48,746,243.00
28
Abstract of the Semi-annual Report 2012 of BOE Technology Group Co., Ltd.
Subtotal of (I) and (II) 72,185,185.00 560,866,477.00 -2,172,444.00 111,544,342.00 742,423,560.00
(III) Capital paid in and reduced by
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4,000,000.00 4,000,000.00
owners
1. Capital paid in by owners 4,000,000.00 4,000,000.00
2. Amounts of share-based
payments recognized in owners’ equity
3. Others
(IV) Profit distribution 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1. Appropriations to surplus
reserves
2. Appropriations to general risk
provisions
3. Appropriations to owners (or
shareholders)
4. Other
(V) Internal carry-forward of
2,253,590,390.00 -2,253,590,390.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
owners’ equity
1. New increase of capital (or
share capital) from capital public 2,253,590,390.00 -2,253,590,390.00
reserves
2. New increase of capital (or
share capital) from surplus reserves
3. Surplus reserves for making up
losses
4. Other
(Ⅵ) Specific reserve
1. Withdrawn for the period
2. Used in the period
(Ⅶ) Other 39,252,093.00 39,252,093.00
IV. Closing balance 13,521,542,341.00 15,302,948,946.00 499,092,613.00 -3,734,305,993.00 -3,385,643.00 9,459,591,642.00 35,045,483,906.00
29
Abstract of the Semi-annual Report 2012 of BOE Technology Group Co., Ltd.
8. Statement of changes in owners’ equity of the Company
Reporting period
Unit: RMB Yuan
Reporting period
Item Paid-up capital (or Less: treasury General risk Total owners’
Capital reserve Specific reserve Surplus reserve Retained profit
share capital) stock reserve equity
I. Balance at the end of the previous year 13,521,542,341.00 15,094,593,545.00 499,092,613.00 -720,867,136.00 28,394,361,363.00
Add: change of accounting policy
Correction of errors in previous periods
Other
II. Balance at the beginning of the year 13,521,542,341.00 15,094,593,545.00 499,092,613.00 -720,867,136.00 28,394,361,363.00
III. Increase/ decrease of amount in the year (“-”
13,007,430.00 -390,210.00 12,617,220.00
means decrease)
(I) Net profit -390,210.00 -390,210.00
(II) Other comprehensive incomes 13,007,430.00 13,007,430.00
Subtotal of (I) and (II) 13,007,430.00 -390,210.00 12,617,220.00
(III) Capital paid in and reduced by owners 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1. Capital paid in by owners
2. Amounts of share-based payments
recognized in owners’ equity
3. Others
(IV) Profit distribution 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1. Appropriations to surplus reserves
2. Appropriations to general risk provisions
3. Appropriations to owners (or
shareholders)
4. Other
(V) Internal carry-forward of owners’ equity 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1. New increase of capital (or share capital)
from capital public reserves
2. New increase of capital (or share capital)
from surplus reserves
30
Abstract of the Semi-annual Report 2012 of BOE Technology Group Co., Ltd.
3. Surplus reserves for making up losses
4. Other
(Ⅵ) Specific reserve
1. Withdrawn for the period
2. Used in the period
(Ⅶ) Other
IV. Closing balance 13,521,542,341.00 15,107,600,975.00 499,092,613.00 -721,257,346.00 28,406,978,583.00
Last year
Unit: RMB Yuan
Last year
Item Paid-up capital (or Less: treasury General risk Total owners’
Capital reserve Specific reserve Surplus reserve Retained profit
share capital) stock reserve equity
I. Balance at the end of the previous year 11,267,951,951.00 17,297,265,248.00 499,092,613.00 -535,799,077.00 28,528,510,735.00
Add: change of accounting policy
Correction of errors in previous periods
Other
II. Balance at the beginning of the year 11,267,951,951.00 17,297,265,248.00 499,092,613.00 -535,799,077.00 28,528,510,735.00
III. Increase/ decrease of amount in the year (“-”
2,253,590,390.00 -2,202,671,703.00 -185,068,059.00 -134,149,372.00
means decrease)
(I) Net profit -185,068,059.00 -185,068,059.00
(II) Other comprehensive incomes 50,918,687.00 50,918,687.00
Subtotal of (I) and (II) 50,918,687.00 -185,068,059.00 -134,149,372.00
(III) Capital paid in and reduced by owners 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1. Capital paid in by owners
2. Amounts of share-based payments
recognized in owners’ equity
3. Others
(IV) Profit distribution 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1. Appropriations to surplus reserves
2. Appropriations to general risk provisions
3. Appropriations to owners (or
shareholders)
4. Other
31
Abstract of the Semi-annual Report 2012 of BOE Technology Group Co., Ltd.
(V) Internal carry-forward of owners’ equity 2,253,590,390.00 -2,253,590,390.00 0.00 0.00 0.00 0.00 0.00 0.00
1. New increase of capital (or share capital)
2,253,590,390.00 -2,253,590,390.00
from capital public reserves
2. New increase of capital (or share capital)
from surplus reserves
3. Surplus reserves for making up losses
4. Other
(Ⅵ) Specific reserve
1. Withdrawn for the period
2. Used in the period
(Ⅶ) Other
IV. Closing balance 13,521,542,341.00 15,094,593,545.00 499,092,613.00 -720,867,136.00 28,394,361,363.00
32
Abstract of the Semi-annual Report 2012 of BOE Technology Group Co., Ltd.
（III）Notes to the financial statements
1. Changes in main accounting policies or estimates, correction of any significant accounting error and the
influenced amounts
（1）Change of accounting policies
Were the main accounting policies changed during the reporting period?
□ Yes √ No
（2）Change of accounting estimates
Were the main accounting estimates changed during the reporting period?
□ Yes √ No
（3）Correction of accounting errors
Was any accounting error made in previous periods discovered in the reporting period?
□ Yes √ No
2. Reasons for any change of the consolidation scope
Naught
3. If a non-standard audit report is issued, the Company should make relevant notes.
Inapplicable
33