Stock code: 200725 Short form of stock: BOE B Announcement No.: 2012-032
BOE TECHNOLOGY GROUP CO., LTD.
ABSTRACT OF THE THIRD QUARTERLY REPORT 2012
I. Important Notes
The Board of Directors, the Supervisory Committee, directors, supervisors and other senior management
personnel of BOE Technology Group Co., Ltd. (hereinafter referred to as the Company) hereby guarantee that this
report carries no false information, misleading statements or major omissions, and accept, individually and
collectively, the responsibility for the factuality, accuracy and completeness of the information set forth herein.
All directors attended the board session for reviewing this report.
Mr. Wang Dongsheng, Chairman of the Board of Directors of the Company, Mr. Chen Yanshun, President of the
Company, Ms. Sun Yun, Chief Financial Officer and Ms. Yang Xiaoping, Person-in-charge of the Planning &
Financial Department hereby confirm the factuality and completeness of the Financial Report in this quarterly
report.
II. Company Profile
（I）Major accounting data and financial indexes
Any retrospective adjustment in previous financial statements?
□ Yes √ No □ Inapplicable
30 Sept. 2012 31 Dec. 2011 Increase/decrease (%)
Total assets (RMB Yuan) 68,100,966,776.00 68,769,415,646.00 -0.97%
Owners’ equity attributable to
shareholders of the Company 24,960,741,954.00 25,585,892,264.00 -2.44%
(RMB Yuan)
Share capital (Share) 13,521,542,341.00 13,521,542,341.00 0%
Net assets per share
attributable to shareholders of
1.846 1.8922 -2.44%
the Company (RMB
Yuan/share)
YoY increase/decrease YoY increase/decrease
Jul.-Sept. 2012 Jan.-Sept. 2012
(%) (%)
Gross operating revenues
7,514,025,988.00 110.21% 17,122,908,001.00 101.1%
(RMB Yuan)
Net profit attributable to
shareholders of the Company 151,609,285.00 116.34% -635,272,911.00 70.36%
(RMB Yuan)
Net cash flow from operating
-- -- 402,871,706.00 138.52%
activities (RMB Yuan)
Net cash flow per share from
operating activities (RMB -- -- 0.03 138.52%
Yuan/share)
Basic EPS (RMB Yuan/share) 0.011 115.71% -0.047 70.63%
Diluted EPS (RMB
0.011 115.71% -0.047 70.63%
Yuan/share)
Weighted average ROE (%) 0.61% 4.6% -2.51% 6.48%
1
Weighted average ROE after
deducting non-recurring gains -0.23% 3.95% -3.82% 5.58%
and losses (%)
Items of non-recurring gains and losses
√Applicable □Inapplicable
Amount during
Item Jan.-Sept. 2012 (RMB Notes
Yuan)
Gains and losses on disposal of non-current assets -9,379,177.00
Tax rebate, reduction or exemption due to un-authorized
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
396,273,543.00
granted at certain quotas or amounts according to the
country’s unified standards
Capital occupation fees received from non-financial
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
in the investees attributable to the Company in the
acquisition of the investments
Exchange gains and losses of non-monetary assets
Gains and losses through entrusting others to invest or
manage assets
Various asset impairment provisions due to acts of God such
as natural disasters
Gains and losses on debt restructuring
Enterprise reorganization expenses, such as expenses on
employee settlement and integration
Gains and losses on the parts exceeding the fair value when
prices of transactions become unfair
Net current gains and losses from the period-begin to the
combination date of subsidiaries due to business
combinations under the same control
Gains and losses on contingent matters which are irrelevant
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
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
which are separately tested for impairment signs
Gains and losses on entrustment loans from external parties
Gains and losses on fair value changes of investing
properties for which the fair value method is adopted for
subsequent measurement
Current gain and loss effect due to a just-for-once
adjustment to current gains and losses according to
requirements of taxation and accounting laws and
regulations
Custodian fee income from entrusted operations with the
Company
Other non-operating incomes and expenses besides the
12,916,309.00
items above
2
Other gain and loss items that meet the definition of
non-recurring gains and losses
Minority interests effects -67,632,298.00
Income tax effects -2,218,735.00
Total 329,959,642.00 --
（II）Total number of shareholders and top 10 shareholders at the period-end
Total number of shareholders 426,229 shareholders (including 387,950 A-share holders and 38,279 B-share holders)
Particulars about shares held by the top ten shareholders holding tradable shares
Number of tradable Type and number of shares
Name of shareholder
shares held at period-end Type Number
BEIJING E-TOWN
INTERNATIONAL INVESTMENT 940,000,001 RMB ordinary shares 940,000,001
& DEVELOPMENT CO., LTD
BEIJING BOE INVESTMENT &
860,981,080 RMB ordinary shares 860,981,080
DEVELOPMENT CO., LTD.
BEIJING
ECONOMIC-TECHNOLOGICAL
847,650,000 RMB ordinary shares 847,650,000
INVESTMENT & DEVELOPMENT
CORP.
HEFEI RONGKE PROJECT
792,000,000 RMB ordinary shares 792,000,000
INVESTMENT CO., LTD.
HEFEI LAN KE INVESTMENT
750,000,000 RMB ordinary shares 750,000,000
CO., LTD.
HEFEI XINCHENG
STATE-OWNED ASSETS 750,000,000 RMB ordinary shares 750,000,000
MANAGEMENT CO., LTD
BEIJING BDA TECHNOLOGICAL
INVESTMENT DEVELOPMENT 600,000,000 RMB ordinary shares 600,000,000
CO., LTD.
BEIJING INDUSTRY
DEVELOPMENT & INVESTMENT 442,016,711 RMB ordinary shares 442,016,711
MANAGEMENT CO., LTD.
CHINA CONSTRUCTION
BANK—YINHUA CORE VALUE 309,309,017 RMB ordinary shares 309,309,017
SELECTED STOCK FUND
BEIJING ELECTRONICS
275,303,883 RMB ordinary shares 275,303,883
HOLDING CO., 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 rules of the Company excluding right of disposition such as
transfer, donation, mortgage etc. and usufruct (including claim for profit distribution and
Particulars about shareholders claim for retained assets distribution).
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.
3
III. Significant Events
（I）Significant changes in major accounting data, financial highlights and reasons for these
changes
√Applicable □Inapplicable
1. Monetary funds decreased 31% over the end of last year, which was mainly due to the expenditure on projects.
2. Notes receivable increased 82% over the end of last year, which was mainly because some receivables from
customers were paid in remittance drafts.
3. Accounts receivable increased 103% over the end of last year, which was mainly because the operating income
generated by the phasic mass production of new projects increased and goods payments receivable from
customers increased accordingly.
4. Prepayments increased 238% over the end of last year, which was mainly due to the increase of prepayments to
suppliers.
5. Interest receivable decreased 64% over the end of last year, which was mainly due to the decrease of term
deposits.
6. Inventory increased 34% over the end of last year, which was mainly due to the phasic mass production of new
projects.
7. Other current assets increased 246% over the end of last year, which was mainly due to the increase of
deductible VAT.
8. Construction in progress decreased 77% over the end of last year, which was mainly because new projects went
into mass production and the relevant construction in progress turned into fixed assets.
9. Long-term deferred expenses increased 901% over the end of last year, which was mainly due to the increase of
other deferred expenses with an amortization period over one year.
10. Other non-current assets increased 129% over the end of last year, which was mainly due to the increase of
prepayments for long-term assets.
11. Short-term borrowings decreased 65% over the end of last year, which was mainly because due trade loans
were repaid.
12. Notes payable increased 71% over the end of last year, which was mainly because some payables to suppliers
were settled in remittance notes.
13. Accounts payable increased 50% over the end of last year, which was mainly due to the increase of payables to
suppliers.
14. Accounts received in advance increased 201% over the end of last year, which was mainly because the
operating income generated by the phasic mass production of new projects increased and thus advances from
customers increased.
15. Dividend payable increased 59% over the end of last year, which was mainly because some subsidiaries
distributed dividends.
16. Non-current liabilities due within one year decreased 32% over the end of last year, which was mainly because
the long-term borrowings due within one year were paid off.
17. Other current liabilities decreased 36% over the end of last year, which was mainly because product quality
guarantee deposit provisions made in previous years were written off as the products were sold.
18. Operating revenues increased 101% over the same period of last year, which was mainly because the
production capacity expanded and new projects went into phasic mass production, which boosted the sales volume
of main products, as well as the sales income.
19. Operating costs increased 75% over the same period of last year, which was mainly because the production
capacity expanded and new projects went into phasic mass production, which made operating costs increased
along with operating revenues.
20. Business taxes and surtaxes increased 35% over the same period of last year, which was mainly because real
estate income increased.
21. Selling expenses increased 54% over the same period of last year, which was mainly because the production
capacity expanded and new projects went into phasic mass production, which made selling expenses increased
along with operating revenues.
22. Financial expenses increased 504% over the same period of last year, which was mainly due to the increase of
4
net expenses on interest.
23. Asset impairment loss decreased 163% over the same period of last year, which was mainly because the
Company reversed the impairments on inventory and some other assets based on the lower of the cost and the net
realizable value.
24. Investment income decreased 2,545% over the same period of last year, which was mainly because the
investment loss on associates was recognized.
25. Non-operating income increased 245% over the same period of last year, which was mainly due to the increase
of governmental subsidies.
26. Net cash flows from operating activities increased 139% over the same period of last year, which was mainly
because the operating income expanded and the prices for main products rallied.
27. Net cash flows from investing activities increased 86% over the same period of last year, which was mainly
because new projects went from the construction period to the operation period, which resulted in a lower
expenditure on construction and equipment purchase.
28. Net cash flows from financing activities decreased 104% over the same period of last year, which was mainly
because new projects went from the construction period to the operation period, which resulted in a smaller cash
inflow generated by special borrowings.
（II）Progress of significant events and its influence, as well as the analysis and explanation on
solutions
1. About non-standard audit opinion
□Applicable √Inapplicable
2. The Company offers capital to the controlling shareholder or its related parties or provides
external guarantees in violation of the prescribed procedures.
□Applicable √Inapplicable
3. Signing and execution of significant contracts concerning routine operation
□Applicable √Inapplicable
4. Others
√Applicable □Inapplicable
1、The Company’s subordinate subsidiary—Hefei BOE Optoelectronics Technology Co., Ltd. and Beijing BOE
Display Technology Co., Ltd.—could apply for refunds of overpaid taxes for equipment imports, which was
disclosed by the Company in the Announcement No. 2011-044 on 21 Nov. 2011. From 1 Jan. 2012 to 30 Sept.
2012, Beijing BOE Display Technology Co., Ltd. received refunds of overpaid value-added taxes for equipment
imports of RMB 0.133 billion in total.
2、The Company disclosed on 26 Oct. 2011 Announcement No. 2011-035 regarding its subsidiary transferring
equity interests of Ordos BOE Energy Investment Co., Ltd.. And progress of this issue is as follows:
(1) On 24 Oct. 2012, the subordinate of the Company received the Commitment Letter from Beijing Industry
Development & Investment Management Co., Ltd., which stated that the rest of the transfer price regarding the
said issue was to be paid in two stages. The first stage shall not be less than RMB 200 million and shall be paid
before 31 Oct. 2012 and the rest before 30 Nov. 2012.
(2) On 24 Oct. 2012, the subordinate of the Company received the Letter from Beijing Haohua Energy Resource
Co., Ltd., which stated that the rest of the transfer price regarding the said issue was to be paid in two stages. The
first stage shall not be less than RMB 50 million and shall be paid before 25 Oct. 2012 and the rest before 31 Dec.
2013. And the Company has received the first stage (RMB 50 million) till the disclosing date..
5
（III）Commitments of the Company or shareholders with an over 5% shareholding made in or carried
down into the reporting period
√Applicable □Inapplicable
Commitment Commitment Commitment Commitment
Event Execution
maker contents time period
Commitment made in a share reform
Commitment made in an acquisition report
or a report on changes of owners’ equity
Commitment made in asset exchange
Being E-TOWN
International
Investment &
Development
Co., Ltd. has
committed that
Being E-TOWN
it will not
International From 13 Dec.
transfer the In the process of
Commitment made in share issuance Investment & 10 Dec. 2010 2010 to 13 Dec.
Company’ execution
Development 2013
A-share held by
Co., Ltd.
it within 36
months since the
date when the
private share
offering deal is
closed.
Commitments made to minority
shareholders
Commitment fulfilled in time or not √Yes □No □Inapplicable
Specific reasons for failing to fulfill the
Inapplicable
commitment and plan for the next step
Make commitments regarding the
horizontal competition and related-party □Yes □No √Inapplicable
transactions caused or not
Promised deadline for solving the problem Inapplicable
Ways of solving the problem Inapplicable
Execution of the commitment Inapplicable
（IV）Predict the 2012 annual operating results
Warnings of possible loss or large-margin change of the accumulated net profit made during the period from the
beginning of the year to the end of the next reporting period compared with the same period of the last year
according to prediction, as well as explanations on the reasons
□Applicable√Inapplicable
（V）Other significant events that need to be explained
1. Securities investment
□Applicable √Inapplicable
2. Investments in derivatives
□Applicable √Inapplicable
6
3. Derivative investments held at the period-end
□Applicable √Inapplicable
4. Researches, visits and interviews received in the reporting period
Main discussion and
Place of Way of
Time of reception Visitor type Visitor materials provided
reception reception
by the Company
Conference
Field
3 Jul. 2012 Room of the Institution Barclay Capital
research
Company
Conference
Field
10 Jul. 2012 Room of the Institution Beijing Office of Daiwa Securities
research
Company
Conference
Field
13 Jul. 2012 Room of the Institution China Minzu Securities Co., Ltd.
research
Company
Conference
Field
16 Jul. 2012 Room of the Institution Qilu Securities Co., Ltd.
research
Company
Conference
Field Merrill Lynch Securities Co., Ltd.,
18 Jul. 2012 Room of the Institution
research Capital Research Global Investors
Company
Conference
Field HSBC Jintrust Fund Management Main discussion:
19 Jul. 2012 Room of the Institution 1. Operation status
research Company Limited
Company and future
Conference Chang Xin Asset Management Co., development
Field
20 Jul. 2012 Room of the Institution Ltd., China Investment Securities Co., strategies of the
research Company;
Company Ltd.
Conference 2. Present status and
Field development trends
24 Jul. 2012 Room of the Institution Clough capital partners,LP
research in the industry;
Company
3. Particulars about
Money Week, HK Directors Institute, the production lines
Conference Shenzhen Guofu Hengtong Investment of the Company.
Field
31 Jul. 2012 Room of the Institution Consulting Co., Ltd., Shanghai
research Materials provided
Company General Motors Buick Company
by the Company:
Limited
The Company’s
Conference annual reports for
Field
17 Aug. 2012 Room of the Institution Everbright Securities Co., Ltd. 2011, brochure and
research
Company other materials
Conference available for public
Field TX Investment Consulting Co., Ltd., access
6 Sept. 2012 Room of the Institution
research Taikang Asset Management Co., Ltd.
Company
11 Sept. 2012 Over phone By phone Institution Sylebra Capital Management
Conference
Field
14 Sept. 2012 Room of the Institution China Minzu Securities Co., Ltd.
research
Company
Fullgoal Fund Management Co., Ltd.,
CCB Principal Asset Management
Co., Ltd., China Asset Management
Co., Ltd., Capital Securities Co., Ltd.,
Conference Beijing Zhongbang Investment
Field
17 Sept. 2012 Room of the Institution Management Co., Ltd., CITIC Private
research
Company Equity Funds Management Co., Ltd.,
Shanghai Elegant Investment Co.,
Ltd., Orient Fund Management Co.,
Ltd., Yinhua Fund Management Co.,
Ltd., Qilu Securities Co., Ltd., SWS
7
Research Co., Ltd.
Conference J.P.Morgan Securities (Asia Pacific)
Field
24 Sept. 2012 Room of the Institution Limited, Moon Capital Management
research
Company LP
5. Corporate bonds issued
Any corporate bonds issued?
□ Yes √ No
8
Chairman of the Board: Mr. Wang Dongsheng (Signature):
Date when the Board of Directors approved this report for submission: * *, 2012
9
