Report for the Third Quarter of 2014
October 2014
Report for the Third Quarter of 2014 of BOE Technology Group Co., Ltd.
Section I. Important Reminders
The Board of Directors, the Supervisory Committee as well as all directors, supervisors and senior management
staff of BOE Technology Group Co., Ltd. (hereinafter referred to as “the Company”) warrant that this report is
factual, accurate and complete without any false record, misleading statement or material omission. And they shall
be jointly and severally liable for that.
Mr. Wang Dongsheng, Chairman of the Company, Mr. Chen Yanshun, President of the Company, Ms. Sun Yun,
chief of the accounting work, and Ms. Yang Xiaoping, chief of the accounting organ (chief of accounting), hereby
confirm that the Financial Report enclosed in this report is factual, accurate and complete.
All directors attended the board session for reviewing this report.
This report is prepared in both Chinese and English. Should there be any discrepancy between the two versions,
the Chinese version shall prevail.
1
Report for the Third Quarter of 2014 of BOE Technology Group Co., Ltd.
Section II. Financial Highlights & Change of Shareholders
I. Major accounting data and financial indexes
Does the Company adjust retrospectively or restate accounting data of previous years due to change of the accounting policy or
correction of any accounting error?
√Yes □ No
Increase/decrease
31 Dec. 2013
30 Sept. 2014 (%)
Before adjustment After adjustment After adjustment
Total assets (RMB Yuan) 129,374,066,105.00 92,538,451,492.00 92,538,451,492.00 39.81%
Net assets attributable to
shareholders of the Company 75,535,235,873.00 28,251,815,361.00 28,251,815,361.00 167.36%
(RMB Yuan)
YoY
YoY increase/decrease
Jul.-Sept. 2014 Jan.-Sept. 2014 increase/decrease
(%)
(%)
Operating revenues (RMB Yuan) 9,174,897,800.00 7.69% 25,288,069,384.00 2.08%
Net profit attributable to
shareholders of the Company 813,085,737.00 62.67% 1,854,721,451.00 36.47%
(RMB Yuan)
Net profit attributable to
shareholders of the Company after
697,249,782.00 57.45% 1,247,539,000.00 3.08%
extraordinary gains and losses
(RMB Yuan)
Net cash flows from operating
-- -- 4,644,103,223.00 7.25%
activities (RMB Yuan)
Basic EPS (RMB Yuan/share) 0.023 -37.84% 0.072 -28.71%
Diluted EPS (RMB Yuan/share) 0.023 -37.84% 0.072 -28.71%
Weighted average ROE (%) 1.08% -0.77% 3.42% -1.70%
Note: The Company carried out repurchasing of B share during the reporting period, which amounted to 39,534,793 shares and was
of 0.11% of the total share capital of the Company.
According to the No. 16 regulation of S-Z-S [2008] No. 148, if the listed companies disclosed the periodic report during the period
when repurchasing the shares, should deduct the repurchased shares of the total outstanding share capital which disclosed on the
periodic report, with the relevant financial index (for example, net asset of per share and profit of per share and so on) should
calculate according to the deducted total share capital. The above shares had deducted the repurchasing shares.
2
Report for the Third Quarter of 2014 of BOE Technology Group Co., Ltd.
Items and amounts of extraordinary gains and losses
√Applicable □Inapplicable
Unit: RMB Yuan
Item Amount as of Jan.-Sept. 2014 Note
Gains/losses on the disposal of non-current assets (including the offset part of
-3,856,240.00 Naught
asset impairment provisions)
Tax rebates, reductions or exemptions due to approval beyond authority or the
0.00 Naught
lack of official approval documents
Government grants recognized in the current period, except for those acquired in
the ordinary course of business or granted at certain quotas or amounts according 643,988,770.00 Naught
to the country’s unified standards
Capital occupation charges on non-financial enterprises that recorded into current
0.00 Naught
gains and losses
Gains due to that the investment costs for the Company to obtain subsidiaries,
associates and joint ventures are lower than the enjoyable fair value of the 0.00 Naught
identifiable net assets of the investees when making the investments
Gain/loss on non-monetary asset swap 0.00 Naught
Gain/loss on entrusting others with investments or asset management 0.00 Naught
Asset impairment provisions due to acts of God such as natural disasters 0.00 Naught
Gain/loss on debt restructuring 0.00 Naught
Expenses for business reorganization, such as expenses for staffing,
0.00 Naught
reorganization etc.
Gain/loss on the part over the fair value due to transactions with distinctly unfair
0.00 Naught
prices
Current gains and losses of subsidies acquired from business combination under
0.00 Naught
the same control as from period-begin to combination date
Gain/loss on contingent events irrelevant to the Company’s normal business 0.00 Naught
Gains and losses on change in fair value from tradable financial assets and
tradable financial liabilities, as well as investment income from disposal of
tradable financial assets and tradable financial liabilities and financial assets 0.00 Naught
available for sales, except for effective hedging related with normal businesses of
the Company
Reversal of impairment provisions for the accounts receivable on which
0.00 Naught
impairment tests were carried out separately
Gain/loss on external entrustment loans 0.00 Naught
Gain/loss on change of the fair value of investing real estate of which the
0.00 Naught
subsequent measurement is carried out adopting the fair value method
Effect on current gains/losses when a one-off adjustment is made to current
0.00 Naught
gains/losses according to requirements of taxation, accounting and other relevant
3
Report for the Third Quarter of 2014 of BOE Technology Group Co., Ltd.
laws and regulations
Custody fee income when entrusted with operation 0.00 Naught
Non-operating incomes and expenses other than the above 27,578,008.00 Naught
Other gain/loss items that meet the definition of an extraordinary gain/loss Naught
Less: Income tax effects 39,984,424.00 Naught
Minority interests effects (after tax) 20,543,663.00 Naught
Total 607,182,451.00 --
Explain the reasons if the Company classifies an item as an extraordinary gain/loss according to the definition in the Explanatory
Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Extraordinary Gains and
Losses, or classifies any extraordinary gain/loss item mentioned in the said explanatory announcement as a recurrent gain/loss item
□ Applicable √ Inapplicable
There was no such situation of the Company during the reporting period.
II. Total number of shareholders and shareholdings of the top ten shareholders at the
period-end
1. Total number of common shareholders and shareholdings of the top ten common shareholders at the
period-end
Unit: share
Total number of common
374,149 (of which : A share of 339,822; B share of 34,327 )
shareholders at the period-end
Shareholdings of the top ten common shareholders
Number of Pledged or frozen shares
Name of Nature of Shareholding Number of the
restricted shares
shareholder shareholder percentage (%) shares held Status of shares Number of shares
held
Beijing
State-owned
State-owned
Capital 11.51% 4,063,333,333 4,063,333,333 0
Corporation
Management
Center
Chongqing Capital
Photoelectricity State-owned
8.50% 3,000,000,000 3,000,000,000 Pledged 955,000,000
Investment Co., Corporation
Ltd.
Hefei Jianxiang
State-owned
Investment Co., 8.10% 2,857,142,857 2,857,142,857
Corporation
Ltd.
Minsheng Royal
Other 6.75% 2,380,952,380 2,380,952,380 0
Fund－CMBC－
4
Report for the Third Quarter of 2014 of BOE Technology Group Co., Ltd.
Ping An Trust－
Ping An Wealth－
Huitai No. 66
Assembled Funds
Trust Plan
Hua An Fund －
HXB － Ping An
Trust － Ping An
Other 6.75% 2,380,952,380 2,380,952,380
Wealth * Huitai
No. 72 Assembled
Funds Trust
Hua An Fund－
ICBC－Zhongrong
International Trust
Other 5.40% 1,904,761,904 1,904,761,904 0
－Zhongrong－RJ
No. 1 Assembled
Funds Trust Plan
Beijing E-TOWN
International
State-owned
Investment & 4.21% 1,484,159,406 0 Pledged 500,000,000
Corporation
Development Co.,
Ltd.
Ping An Dahua
Fund － Ping An
Bank － Ping An
Golden Orange Other 4.05% 1,428,571,428 1,428,571,428 0
Wealth No. 31
Asset Management
Plan
Ping An Dahua
Fund－Ping An
Bank－Ping An
Golden Orange Other 4.05% 1,428,571,428 1,428,571,428 0
Wealth No. 34
Asset Management
Plan
Shenzhen Ping An
New Capital Co., Other 3.37% 1,190,476,190 1,190,476,190 0
Ltd.
Shareholdings of the top ten non-restricted common shareholders
Name of shareholder Number of non-restricted common shares held at the Type of shares
5
Report for the Third Quarter of 2014 of BOE Technology Group Co., Ltd.
period-end Type Number
Beijing E-TOWN International RMB ordinary
1,484,159,406 1,484,159,406
Investment & Development Co., Ltd. shares
Beijing BOE Investment & RMB ordinary
860,981,080 860,981,080
Development Co., Ltd. shares
Beijing Economic-Technological RMB ordinary
847,650,000 847,650,000
Investment & Development Corp. shares
Beijing BDA Technological RMB ordinary
600,000,000 600,000,000
Investment Development Co., Ltd. shares
Beijing Electronics Holdings Co., RMB ordinary
275,303,883 275,303,883
Ltd. shares
Hefei Xincheng State-Owned Assets RMB ordinary
274,848,276 274,848,276
Management Co., Ltd. shares
RMB ordinary
Hefei Lan Ke Investment Co., Ltd. 122,369,283 122,369,283
shares
CSOP Asset Management Limited－ RMB ordinary
119,107,200 119,107,200
CSOP A50 ETF shares
CMBC—Yinhua Shenzheng 100 RMB ordinary
111,808,864 111,808,864
Index Securities Investment Fund shares
Sinotrans Air Transportation RMB ordinary
111,600,000 111,600,000
Development Co., Ltd. shares
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
Explanation on associated
claim for retained assets distribution).
relationship or persons acting in
3. BEIJING ECONOMIC-TECHNOLOGICAL INVESTMENT & DEVELOPMENT
concert among the above-mentioned
CORP. holds 49% shares of BEIJING BDA TECHNOLOGICAL INVESTMENT
shareholders
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. After the non-public issuing of the Company in 2014, Beijing State-owned Capital
Operation and Management Center handed over its 70% shares to Beijing Electronics
Holdings Co., Ltd. for management through Stock Management Protocol, and Beijing
Electronics Holdings Co., Ltd. gained the incidental shareholders’ rights except for
disposing right and usufruct of the shares, of which the rest 30% voting right maintained
6
Report for the Third Quarter of 2014 of BOE Technology Group Co., Ltd.
unanimous with Beijing Electronics Holdings Co., Ltd. through the agreement according to
Implementation Protocol of Voting Right.
5. Except for relationship among the above shareholders, the Company is not aware of
whether the other top ten shareholders exist associated relationship or not, or they are
persons acting in concert or not.
Top ten non-restricted common
shareholders taking part in margin
Naught
financing and securities lending (if
any)
Did any of the top 10 common shareholders or the top 10 non-restricted common shareholders of the Company carry out any agreed
buy-back in the reporting period?
□ Yes √ No
No shareholder of the Company carried out any agreed buy-back in the reporting period.
2. Total number of preferred share holders and shareholdings of the top ten preferred share holders at the
period-end
□ Applicable √ Inapplicable
7
Report for the Third Quarter of 2014 of BOE Technology Group Co., Ltd.
Section III. Significant Events
I. Major changes of main accounting statement items and financial indicators in the reporting
period, as well as reasons for the changes
√ Applicable □ Inapplicable
Iterm YoY +/- Reason for change
Monetary funds 99% The private placement was completed and the raised funds arrived.
Interest receivable 179% Monetary funds increased.
Inventories 34% New production lines went into mass production.
Other current assets 153% We carried out short-term wealth management to increase the capital gains of
the Group, and the overpaid VAT increased.
Fixed assets 48% Plants and equipment of the new production lines were transferred into fixed
assets.
Other non-current assets -30% Construction of the new production lines was completed and the prepayments
for construction decreased.
Short-term borrowings -80% Some borrowings were repaid.
Notes payable 340% Notes were adopted for settlement of some procurement.
Accounts received in advance 38% Advances from customers increased.
Interest payable -78% Borrowings decreased.
Non-current liabilities due within 1 year -95% Syndicated loans due within 1 year were repaid.
Long-term borrowings 30% More long-term borrowings were secured to support the new production lines.
Share capital 161% The additional issue in the reporting period
Capital reserve 155% The additional issue in the reporting period.
Financial expenses -112% The interest income increased as monetary funds increased.
Investment gains 573% The bonuses from investees and the operating results of associates improved.
Non-business incomes 126% Government subsidies were received.
Non-business expenses -74% The loss on disposal of non-current assets decreased.
Income tax expenses 286% The operating results continuously improved.
Net cash flows from financing activities 109% The private placement was completed and the raised funds arrived.
8
Report for the Third Quarter of 2014 of BOE Technology Group Co., Ltd.
II. Progress and influence of significant events, as well as the analysis and explanation on
solutions
√ Applicable □ Inapplicable
1. The Hefei Xinsheng Optoelectronics touch-sensitive production line went into production this September and the project went on
well.
2. was reviewed and approved at the 2 nd
Special Shareholders’ General Meeting for 2014. Foreign exchange application, creditor declaration, specialized securities account
opening, etc. were completed. Up to 30 Sept. 2014, we accumulatively bought back 39,534,793 B-shares, accounting for 0.11% of
our total shares, with the highest buy-back price at HKD 2.6/share and the lowest at HKD 2.42/share. And we accumulatively paid
HKD 101,253,499.95 for it.
3. We subscribed for, via our wholly-funded subsidiary BOE Optoelectronics Holding Co., Ltd. (“BOE OH”), some preferred stock
rights of Meta at the price about USD 5 million. The deal was concluded before 30 Sept. 2014.
4. The Erdos 5.5G AMOLED Production Line Phase I started mass production in end of this July. The yield rate kept increasing
steadily and the customer acceptance work went on well. Phase I was expected to reach full-capacity production by the end of June
2015.
5. As for the Hefei 8.5G Line, equipment installation and debugging were all completed. The production capacity was climbing
smoothly, the yield rate increased steadily. It’s expected to reach full-capacity production within the year.
6、As for the Chongqing 8.5G Line Project, top sealing of the main plants completed at the end of July 2014. Currently, cleaning,
decoration, etc. are in progress. And it’s expected to be able to move in equipment within the year.
Index to the relevant announcement
Overview of the significant event Date of disclosure
disclosed on the website
Announcement of BOE Technology Group Co., Ltd. on Acquisition of
Some Equity Interests of Hefei Xinsheng Optoelectronics Technology
29 Jul. 2014 www.cninfo.com.cn
Co., Ltd. and the Related-party Transaction (Announcement No.
2014-043)
Announcement of BOE Technology Group Co., Ltd. on a Subsidiary
30 Sept. 2014 www.cninfo.com.cn
Signing a Loan Contract (Announcement No. 2014-054)
9
Report for the Third Quarter of 2014 of BOE Technology Group Co., Ltd.
III. 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 □ Inapplicable
Time of making Period of
Commitment Commitment maker Contents Fulfillment
commitment commitment
Commitments of share reform
Commitments made in acquisition report or
in report on changes of equity
Commitments made at the time of assets
reorganization
Beijing State-owned Capital Operation Committed that the shares acquired from
and Management Center, Hefei Jianxiang purchasing would not be transferred from
3 Apr. 2014 36 months Being performing
Investment Co., Ltd., Chongqing Capital the first date of issuing the newly increased
Commitments made in the first public Photoelectricity Investment Co., Ltd. shares of the issuer within 36 months
offering or refinancing. HuaAn Funds Management Co., Ltd. Committed that the shares acquired from
Minsheng Royal Fund Management Co., purchasing would not be transferred from
3 Apr. 2014 12 months Being performing
Ltd., Ping An Uob Fund Management the first date of issuing the newly increased
Co., Ltd. shares of the issuer within 12 months
Commitments made in the first public
offering or refinancing.
Executed in time or not? Yes
Detailed reason for failing to execute and
Inapplicable
the plan for the next step (If any)
10
Report for the Third Quarter of 2014 of BOE Technology Group Co., Ltd.
IV. Predict the 2014 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. Securities investment
√ Applicable □ Inapplicable
The Company’s
Gain/loss in the Change of owner’s
Initial investment cost shareholding Closing book value Source of
Securities code Securities abbr. reporting period equity in the reporting Accounting title
(RMB Yuan) percentage in the (RMB Yuan) stock
(RMB Yuan) period (RMB Yuan)
investee
HK00903 TPV Technology 134,658,158 1.04% 29,923,450 193,140 -719,722 Available-for-sale financial Subscription
assets
SH600658 Electronic Zone 90,160,428 1.69% 129,126,333 2,533,429 13,845,485 Available-for-sale financial Share
assets exchange
HK01963 Bank of Chongqing 120,084,375 0.93% 103,628,925 5,067,713 -4,953,625 Available-for-sale financial Subscription
assets
Total 344,902,961 -- 262,678,708 7,794,282 8,172,138 -- --
VI. Researches, visits and interviews received in the reporting period
√Applicable □Inapplicable
11
Report for the Third Quarter of 2014 of BOE Technology Group Co., Ltd.
Main discussion and materials provided by the
Time Place Way of reception Visitor type Visitor
Company
Main content discussed:
9 Jul. 2014 The Company’s meeting room Field research Institution Macquarie Capital Securities Limited 1. The operating situation, the future development
strategy of the Company; 2. Industry conditions and
development trend;
14 Jul. 2014 The Company’s meeting room Field research Institution CITIC Securities Co., Ltd.
3. Situation of the several production lines of the
Company;
China Universal Asset Management Co., Materials provided:
23 Jul. 2014 The Company’s meeting room Field research Institution Ltd. CINDA Securities Co., Ltd、China Annual report of the Company of 2013, Report of the
Investment Securities Co., Ltd. First Quarter of 2014, brochure and other public
information.
Main content discussed:
5 Sep. 2014 The Company’s meeting room Field research Institution Oppenheimer & Co.
1. The operating situation, the future development
strategy of the Company; 2. Industry conditions and
15 Sep. 2014 The Company’s meeting room Field research Institution Brilliance Capital Management Co., Ltd. development trend;
3. Situation of the several production lines of the
Company;
Materials provided:
Fangyuan Investment Management Co.,
26 Sep. 2014 The Company’s meeting room Field research Institution Annual report of the Company of 2013, the
Ltd.
Semiannual Report of 2014, brochure and other
public information.
12
Report for the Third Quarter of 2014 of BOE Technology Group Co., Ltd.
VII ． Influence of the newly promulgated or amended accounting standards on our
consolidated financial statements
√Applicable □Inapplicable
In 2014, the Ministry of Finance promulgated or amended “the Accounting Standard for Business Enterprises No. 2—Long-term
Equity Investment”, “the Accounting Standard for Business Enterprises No. 9—Employees’ Compensation”, “the Accounting
Standard for Business Enterprises No. 30—Financial Statement Reporting”, “the Accounting Standard for Business Enterprises No.
33—Consolidated Financial Statements”, “the Accounting Standard for Business Enterprises No. 39—Fair Value Measurement”,
“the Accounting Standard for Business Enterprises No. 40—Joint Operation Arrangements”, “the Accounting Standard for Business
Enterprises No. 41—Equity Disclosure in Other Entities” and “the Accounting Standard for Business Enterprises No. 37—Financial
Instrument Reporting”, of which the first seven standards are executed by the Company starting from 1 Jul. 2014. The aforesaid
changes of the accounting standards do not affect the Company’s consolidated financial statements much, with details as follows:
I. Long-term equity investment
(I) According to the amended “Accounting Standard for Business Enterprises No. 2—Long-term Equity Investment” (hereinafter
referred to as the “Long-term Equity Investment Standard”), the Company does not have the following situations and the
consolidated financial statements are not affected. As such, no retrospective adjustment is needed:
1. The Company is able to do joint control or significant influence, which does not constitute control, over the invested entity as a
result of additional investment or other reasons; or
2. The joint control or significant influence over the invested entity by the Company ceases as a result of disposing part of the
investment or other reasons.
(II) The amended Long-term Equity Investment Standard clarifies the accounting treatment on the changes of owners’ equity of an
investee other than the net income and loss, other comprehensive incomes and profit allocation under the equity method. As such, all
changes of owners’ equity of the investees of the Company measured at the equity method belong to net income and loss changes,
which do not belong to other changes of the owners’ equity than the net income and loss, other comprehensive incomes and profit
allocation. Therefore, the consolidated financial statements are not affected and no retrospective adjustment is needed.
(III) Other equity investments not specified in the amended Long-term Equity Investment Standard are treated adopting the
“Accounting Standard for Business Enterprises No. 22—Recognition and Measurement of Financial Instruments”.
According to the amended standards, the equity investments (altogether RMB 12,438,032 in book value) that have no offer in the
active market and of which the fair value can not be reliably measured in investees that the Company does not have control, joint
control or significant influence on are restated as available-for-sale financial assets. And the year-beginning figure in the consolidated
statements is also adjusted accordingly.
II. Welfare plan after retirement
According to the amended “Accounting Standard for Business Enterprises No. 9—Employees’ Compensation”, the Company
reviews the arrangements for employees’ compensation and no set benefit plan is found. Therefore, the consolidated financial
statements are not affected and no retrospective adjustment is needed.
III. Consolidation scope
According to the amended “Accounting Standard for Business Enterprises No. 33—Consolidated Financial Statements”, the
Company reviews the consolidation scope of the consolidated financial statements and no change of the consolidation scope is found.
Therefore, the consolidated financial statements are not affected and no retrospective adjustment is needed.
IV. Arrangements for joint operation
According to “the Accounting Standard for Business Enterprises No. 40—Joint Operation Arrangements”, the Company does not
have joint operation arrangement. Therefore, the consolidated financial statements are not affected and no retrospective adjustment is
needed.
13
Report for the Third Quarter of 2014 of BOE Technology Group Co., Ltd.
V. Influence of other standard changes
Except for the above-mentioned, none of the newly promulgated or amended accounting standards for business enterprises have any
significant influence on the financial statements of the Company.
14
Report for the Third Quarter of 2014 of BOE Technology Group Co., Ltd.
Section IV. Financial Statements
I. Financial statements
1. Consolidated balance sheet
Prepared by BOE TECHNOLOGY GROUP CO., LTD.
Unit: RMB Yuan
Item Closing balance Opening balance
Current Assets:
Monetary funds 40,661,271,821.00 20,464,553,422.00
Settlement reserves 0.00 0.00
Intra-group lendings 0.00 0.00
Financial assets measured at fair value and of which 0.00
0.00
changes are recorded into current gains and losses
Notes receivable 529,719,139.00 565,423,076.00
Accounts receivable 6,178,352,533.00 4,855,938,522.00
Accounts paid in advance 170,297,086.00 141,404,773.00
Premiums receivable 0.00 0.00
Reinsurance premiums receivable 0.00 0.00
Receivable reinsurance contract reserves 0.00 0.00
Interest receivable 304,242,276.00 109,045,546.00
Dividend receivable 0.00 0.00
Other accounts receivable 686,015,242.00 618,124,736.00
Financial assets purchased under agreements to resell 0.00 0.00
Inventories 4,043,797,340.00 3,018,804,659.00
Assets held for sale 0.00 0.00
Non-current assets due within 1 year 0.00 0.00
Other current assets 4,736,392,276.00 1,872,804,826.00
Total current assets 57,310,087,713.00 31,646,099,560.00
Non-current assets:
Loans by mandate and advances granted 0.00 0.00
Available-for-sale financial assets 313,534,194.00 266,944,601.00
Held-to-maturity investments 0.00 0.00
Long-term accounts receivable 0.00 0.00
15
Report for the Third Quarter of 2014 of BOE Technology Group Co., Ltd.
Long-term equity investment 977,223,524.00 977,410,051.00
Investing property 1,270,182,816.00 1,284,415,937.00
Fixed assets 47,949,017,778.00 32,495,665,045.00
Construction in progress 18,118,852,354.00 22,172,949,652.00
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 2,111,798,213.00 2,025,945,856.00
R&D expense 0.00 0.00
Goodwill 51,502,898.00 51,502,898.00
Long-term deferred expenses 275,101,329.00 242,814,121.00
Deferred income tax assets 147,502,064.00 160,480,672.00
Other non-current assets 849,263,222.00 1,214,223,099.00
Total of non-current assets 72,063,978,392.00 60,892,351,932.00
Total assets 129,374,066,105.00 92,538,451,492.00
Current liabilities:
Short-term borrowings 2,484,744,030.00 12,122,769,840.00
Borrowings from Central Bank 0.00 0.00
Customer bank deposits and due to banks and other 0.00
0.00
financial institutions
Intra-group borrowings 0.00 0.00
Financial liabilities measured at fair value and of which 0.00
0.00
changes are recorded into current gains and losses
Notes payable 596,817,946.00 135,654,664.00
Accounts payable 5,993,743,852.00 5,667,182,852.00
Accounts received in advance 388,694,651.00 281,618,909.00
Financial assets sold for repurchase 0.00 0.00
Handling charges and commissions payable 0.00 0.00
Employee’s compensation payable 947,783,430.00 845,898,437.00
Tax payable 185,807,008.00 190,205,223.00
Interest payable 68,530,309.00 314,004,348.00
Dividend payable 8,051,170.00 8,051,170.00
Other accounts payable 7,004,915,097.00 6,062,245,439.00
Reinsurance premiums payable 0.00 0.00
16
Report for the Third Quarter of 2014 of BOE Technology Group Co., Ltd.
Insurance contract reserves 0.00 0.00
Payables for acting trading of securities 0.00 0.00
Payables for acting underwriting of securities 0.00 0.00
Liabilities held for sale 0.00 0.00
Non-current liabilities due within 1 year 15,000,000.00 308,628,826.00
Other current liabilities 372,972,200.00 255,465,666.00
Total current liabilities 18,067,059,693.00 26,191,725,374.00
Non-current liabilities:
Long-term borrowings 27,289,336,232.00 20,995,628,956.00
Bonds payable 0.00 0.00
Long-term payables 0.00 0.00
Specific payables 0.00 0.00
Estimated liabilities 19,864,777.00 16,457,010.00
Deferred income tax liabilities 384,089,651.00 382,048,433.00
Other non-current liabilities 7,043,693,519.00 6,798,328,315.00
Total non-current liabilities 34,736,984,179.00 28,192,462,714.00
Total liabilities 52,804,043,872.00 54,384,188,088.00
Owners’ equity (or shareholders’ equity)
Paid-up capital (or share capital) 35,289,637,574.00 13,521,542,341.00
Capital reserves 39,079,075,389.00 15,347,919,192.00
Less: Treasury stock 80,276,700.00 0.00
Specific reserves 0.00 0.00
Other comprehensive income 15,792,454.00 6,068,123.00
Surplus reserves 499,092,613.00 499,092,613.00
Provisions for general risks 0.00 0.00
Retained profits 731,914,543.00 -1,122,806,908.00
Total equity attributable to owners of the Company 75,535,235,873.00 28,251,815,361.00
Minority interests 1,034,786,360.00 9,902,448,043.00
Total owners’ (or shareholders’) equity 76,570,022,233.00 38,154,263,404.00
Total liabilities and owners’ (or shareholders’) equity 129,374,066,105.00 92,538,451,492.00
Legal representative: Wang Dongsheng Person-in-charge of the accounting work: Sun Yun
Chief of the accounting division: Yang Xiaoping
17
Report for the Third Quarter of 2014 of BOE Technology Group Co., Ltd.
2. Balance sheet of the Company
Prepared by BOE TECHNOLOGY GROUP CO., LTD.
Unit: RMB Yuan
Item Closing balance Opening balance
Current Assets:
Monetary funds 12,617,001,392.00 1,712,111,176.00
Financial assets measured at fair value and of which changes
0.00 0.00
are recorded into current gains and losses
Notes receivable 2,388,660.00 878,816.00
Accounts receivable 75,938,398.00 58,956,394.00
Accounts paid in advance 6,782,057.00 11,340,225.00
Interest receivable 128,345,741.00 8,270,202.00
Dividend receivable 8,204,147.00 8,204,147.00
Other accounts receivable 334,294,013.00 508,906,713.00
Inventories 4,763,091.00 3,620,138.00
Assets held for sale 0.00 0.00
Non-current assets due within 1 year 0.00 0.00
Other current assets 155,954,157.00 66,790,488.00
Total current assets 13,333,671,656.00 2,379,078,299.00
Non-current assets:
Available-for-sale financial assets 171,487,815.00 158,362,051.00
Held-to-maturity investments 0.00 0.00
Long-term accounts receivable 0.00 0.00
Long-term equity investment 63,761,834,577.00 36,185,442,306.00
Investing property 176,202,885.00 162,436,740.00
Fixed assets 353,873,452.00 374,290,680.00
Construction in progress 384,493,983.00 270,846,366.00
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 446,314,363.00 488,384,056.00
R&D expense 0.00 0.00
Goodwill 0.00 0.00
18
Report for the Third Quarter of 2014 of BOE Technology Group Co., Ltd.
Long-term deferred expenses 3,675,513.00 2,765,222.00
Deferred income tax assets 0.00 0.00
Other non-current assets 7,866,508.00 7,466,369.00
Total of non-current assets 65,305,749,096.00 37,649,993,790.00
Total assets 78,639,420,752.00 40,029,072,089.00
Current liabilities:
Short-term borrowings 0.00 6,000,000,000.00
Financial liabilities measured at fair value and of which
0.00 0.00
changes are recorded into current gains and losses
Notes payable 0.00 0.00
Accounts payable 35,763,068.00 29,441,014.00
Accounts received in advance 239,632,772.00 2,163,584.00
Employee’s compensation payable 107,497,418.00 132,366,527.00
Tax payable 33,332,616.00 11,962,775.00
Interest payable 0.00 213,283,333.00
Dividend payable 6,451,171.00 6,451,170.00
Other accounts payable 4,696,894,628.00 5,131,239,943.00
Liabilities held for sale 0.00 0.00
Non-current liabilities due within 1 year 0.00 50,000,000.00
Other current liabilities 0.00 0.00
Total current liabilities 5,119,571,673.00 11,576,908,346.00
Non-current liabilities:
Long-term borrowings 0.00 0.00
Bonds payable 0.00 0.00
Long-term payables 0.00 0.00
Specific payables 0.00 0.00
Estimated liabilities 0.00 0.00
Deferred income tax liabilities 0.00 0.00
Other non-current liabilities 102,989,973.00 75,118,764.00
Total non-current liabilities 102,989,973.00 75,118,764.00
Total liabilities 5,222,561,646.00 11,652,027,110.00
Owners’ equity (or shareholders’ equity)
Paid-up capital (or share capital) 35,289,637,574.00 13,521,542,341.00
Capital reserves 38,211,203,365.00 15,094,593,545.00
19
Report for the Third Quarter of 2014 of BOE Technology Group Co., Ltd.
Less: Treasury stock 80,276,700.00 0.00
Specific reserves 0.00 0.00
Other comprehensive income 84,330,851.00 71,205,088.00
Surplus reserves 499,092,613.00 499,092,613.00
Provisions for general risks 0.00 0.00
Retained profits -587,128,597.00 -809,388,608.00
Total owners’ (or shareholders’) equity 73,416,859,106.00 28,377,044,979.00
Total liabilities and owners’ (or shareholders’) equity 78,639,420,752.00 40,029,072,089.00
Legal representative: Wang Dongsheng Person-in-charge of the accounting work: Sun Yun
Chief of the accounting division: Yang Xiaoping
3. Consolidated income statement for the reporting period
Prepared by BOE TECHNOLOGY GROUP CO., LTD.
Unit: RMB Yuan
Item Jul.-Sept. 2014 Jul.-Sept. 2013
I. Total operating revenues 9,174,897,800.00 8,519,445,647.00
Including: Sales income 9,174,897,800.00 8,519,445,647.00
Interest income 0.00 0.00
Premium income 0.00 0.00
Handling charge and commission income 0.00 0.00
II. Total operating cost 8,350,295,960.00 7,897,891,806.00
Including: Cost of sales 7,013,082,105.00 6,314,847,161.00
Interest expenses 0.00 0.00
Handling charge and commission expenses 0.00 0.00
Surrenders 0.00 0.00
Net claims paid 0.00 0.00
Net amount withdrawn for the insurance contract reserve 0.00 0.00
Expenditure on policy dividends 0.00 0.00
Reinsurance premium 0.00 0.00
Taxes and associate charges 32,544,194.00 27,933,909.00
Selling and distribution expenses 265,221,359.00 313,173,805.00
Administrative expenses 933,983,354.00 790,339,794.00
Financial expenses -154,874,212.00 207,026,050.00
20
Report for the Third Quarter of 2014 of BOE Technology Group Co., Ltd.
Asset impairment loss 260,339,160.00 244,571,087.00
Add: Gain/(loss) from change in fair value (“-” means loss) 0.00 0.00
Gain/(loss) from investment (“-” means loss) 6,719,261.00 401,091.00
Including: share of profits in associates and joint ventures 1,458,408.00 401,091.00
Foreign exchange gains (“-” means loss) 0.00 0.00
III. Business profit (“-” means loss) 831,321,101.00 621,954,932.00
Add: non-operating income 143,013,032.00 99,817,894.00
Less: non-operating expense 14,650,490.00 24,077,434.00
Including: loss from non-current asset disposal 4,261,889.00 23,518,843.00
IV. Total profit (“-” means loss) 959,683,643.00 697,695,392.00
Less: Income tax expense 128,669,238.00 50,430,764.00
V. Net profit (“-” means loss) 831,014,405.00 647,264,628.00
Including: Net profit achieved by combined parties before the combinations 0.00 0.00
Attributable to owners of the Company 813,085,737.00 499,824,938.00
Minority shareholders’ income 17,928,668.00 147,439,690.00
VI. Earnings per share -- --
(I) Basic earnings per share 0.023 0.037
(II) Diluted earnings per share 0.023 0.037
Ⅶ. Other comprehensive incomes 36,869,687.00 -5,525,323.00
Including: Other comprehensive incomes items that cannot be reclassified as 0.00
0.00
gains and losses in the subsequent accounting periods
Other comprehensive incomes items that will be reclassified as gains and 36,869,687.00
-5,525,323.00
losses in the subsequent accounting periods as relevant requirements are met
Ⅷ. Total comprehensive incomes 867,884,092.00 641,739,305.00
Attributable to owners of the Company 849,955,424.00 494,299,615.00
Attributable to minority shareholders 17,928,668.00 147,439,690.00
Legal representative: Wang Dongsheng Person-in-charge of the accounting work: Sun Yun
Chief of the accounting division: Yang Xiaoping
4. Income statement of the Company for the reporting period
Prepared by BOE TECHNOLOGY GROUP CO., LTD.
Unit: RMB Yuan
Item Jul.-Sept. 2014 Jul.-Sept. 2013
I. Total sales 300,812,127.00 108,669,519.00
21
Report for the Third Quarter of 2014 of BOE Technology Group Co., Ltd.
Less: cost of sales 29,879,471.00 32,914,963.00
Business taxes and surcharges 1,847,365.00 2,765,620.00
Distribution expenses 875,210.00 291,639.00
Administrative expenses 214,993,732.00 154,762,594.00
Financial costs -105,002,218.00 79,400,354.00
Impairment loss 0.00 0.00
Add: gain/(loss) from change in fair value (“-” means loss) 0.00 0.00
Gain/(loss) from investment (“-” means loss) 25,723,596.00 401,091.00
Including: income form investment on associates and joint ventures 1,458,408.00 401,091.00
II. Business profit (“-” means loss) 183,942,163.00 -161,064,560.00
Add: non-business income 10,286,819.00 5,849,108.00
Less: non-business expense 3,560.00 7,754.00
Including: loss from non-current asset disposal 0.00 7,754.00
III. Total profit (“-” means loss) 194,225,422.00 -155,223,206.00
Less: income tax expense 0.00 0.00
IV. Net profit (“-” means loss) 194,225,422.00 -155,223,206.00
V. Earnings per share -- --
(I) Basic earnings per share 0.0055 -0.0115
(II) Diluted earnings per share 0.0055 -0.0115
VI. Other comprehensive income 35,168,412.00 -3,636,270.00
Including: Other comprehensive incomes items that cannot be reclassified as
0.00 0.00
gains and losses in the subsequent accounting periods
Other comprehensive incomes items that will be reclassified as gains and
35,168,412.00 -3,636,270.00
losses in the subsequent accounting periods as relevant requirements are met
VII. Total comprehensive income 229,393,834.00 -158,859,476.00
Legal representative: Wang Dongsheng Person-in-charge of the accounting work: Sun Yun
Chief of the accounting division: Yang Xiaoping
5. Consolidated income statement for Jan.-Sept. 2014
Prepared by BOE TECHNOLOGY GROUP CO., LTD.
Unit: RMB Yuan
Item Jan.-Sept. 2014 Jan.-Sept. 2013
I. Total operating revenues 25,288,069,384.00 24,773,771,714.00
Including: Sales income 25,288,069,384.00 24,773,771,714.00
22
Report for the Third Quarter of 2014 of BOE Technology Group Co., Ltd.
Interest income 0.00 0.00
Premium income 0.00 0.00
Handling charge and commission income 0.00 0.00
II. Total operating cost 23,690,820,962.00 23,104,417,159.00
Including: Cost of sales 19,643,200,578.00 18,776,181,716.00
Interest expenses 0.00 0.00
Handling charge and commission expenses 0.00 0.00
Surrenders 0.00 0.00
Net claims paid 0.00 0.00
Net amount withdrawn for the insurance contract reserve 0.00 0.00
Expenditure on policy dividends 0.00 0.00
Reinsurance premium 0.00 0.00
Taxes and associate charges 70,514,559.00 93,873,199.00
Selling and distribution expenses 746,885,192.00 829,423,848.00
Administrative expenses 2,632,839,349.00 2,240,233,597.00
Financial expenses -48,134,640.00 400,438,707.00
Asset impairment loss 645,515,924.00 764,266,092.00
Add: Gain/(loss) from change in fair value (“-” means loss) 0.00 0.00
Gain/(loss) from investment (“-” means loss) 13,643,650.00 2,026,080.00
Including: share of profits in associates and joint ventures 5,849,368.00 -144,028.00
Foreign exchange gains (“-” means loss) 0.00 0.00
III. Business profit (“-” means loss) 1,610,892,072.00 1,671,380,635.00
Add: non-operating income 691,373,237.00 305,814,323.00
Less: non-operating expense 23,662,699.00 90,927,961.00
Including: loss from non-current asset disposal 7,226,063.00 87,611,292.00
IV. Total profit (“-” means loss) 2,278,602,610.00 1,886,266,997.00
Less: Income tax expense 284,689,438.00 73,721,600.00
V. Net profit (“-” means loss) 1,993,913,172.00 1,812,545,397.00
Including: Net profit achieved by combined parties before the combinations 0.00 0.00
Attributable to owners of the Company 1,854,721,451.00 1,359,113,831.00
Minority shareholders’ income 139,191,721.00 453,431,566.00
VI. Earnings per share -- --
(I) Basic earnings per share 0.072 0.101
(II) Diluted earnings per share 0.072 0.1010
23
Report for the Third Quarter of 2014 of BOE Technology Group Co., Ltd.
Ⅶ. Other comprehensive incomes 9,724,331.00 3,994,949.00
Including: Other comprehensive incomes items that cannot be reclassified as 0.00
0.00
gains and losses in the subsequent accounting periods
Other comprehensive incomes items that will be reclassified as gains and 9,724,331.00
3,994,949.00
losses in the subsequent accounting periods as relevant requirements are met
Ⅷ. Total comprehensive incomes 2,003,637,503.00 1,816,540,346.00
Attributable to owners of the Company 1,864,445,782.00 1,363,108,780.00
Attributable to minority shareholders 139,191,721.00 453,431,566.00
Legal representative: Wang Dongsheng Person-in-charge of the accounting work: Sun Yun
Chief of the accounting division: Yang Xiaoping
6. Income statement of the Company for Jan.-Sept. 2014
Prepared by BOE TECHNOLOGY GROUP CO., LTD.
Unit: RMB Yuan
Item Jan.-Sept. 2014 Jan.-Sept. 2013
I. Total sales 695,418,265.00 330,799,840.00
Less: cost of sales 86,632,354.00 89,520,454.00
Business taxes and surcharges 4,944,059.00 7,766,019.00
Distribution expenses 2,007,832.00 1,774,739.00
Administrative expenses 569,304,381.00 434,954,958.00
Financial costs -133,063,336.00 78,847,440.00
Impairment loss 0.00 -34,499.00
Add: gain/(loss) from change in fair value (“-” means loss) 0.00 0.00
Gain/(loss) from investment (“-” means loss) 32,306,186.00 2,026,080.00
Including: income form investment on associates and joint ventures 5,507,569.00 -144,028.00
II. Business profit (“-” means loss) 197,899,161.00 -280,003,191.00
Add: non-business income 24,449,738.00 18,737,532.00
Less: non-business expense 88,888.00 20,734.00
Including: loss from non-current asset disposal 1,935.00 17,934.00
III. Total profit (“-” means loss) 222,260,011.00 -261,286,393.00
Less: income tax expense 0.00 0.00
IV. Net profit (“-” means loss) 222,260,011.00 -261,286,393.00
V. Earnings per share -- --
(I) Basic earnings per share 0.009 -0.019
24
Report for the Third Quarter of 2014 of BOE Technology Group Co., Ltd.
(II) Diluted earnings per share 0.009 -0.019
VI. Other comprehensive income 13,125,763.00 6,315,500.00
Including: Other comprehensive incomes items that cannot be reclassified as
0.00 0.00
gains and losses in the subsequent accounting periods
Other comprehensive incomes items that will be reclassified as gains and
13,125,763.00 6,315,500.00
losses in the subsequent accounting periods as relevant requirements are met
VII. Total comprehensive income 235,385,774.00 -254,970,893.00
Legal representative: Wang Dongsheng Person-in-charge of the accounting work: Sun Yun
Chief of the accounting division: Yang Xiaoping
7. Consolidated cash flow statement for Jan.-Sept. 2014
Prepared by BOE TECHNOLOGY GROUP CO., LTD.
Unit: RMB Yuan
Item Jan.-Sept. 2014 Jan.-Sept. 2013
I. Cash flows from operating activities:
Cash received from sale of commodities and rendering of service 26,232,696,940.00 24,110,584,754.00
Net increase of deposits from customers and dues from banks 0.00 0.00
Net increase of loans from the central bank 0.00 0.00
Net increase of funds borrowed from other financial institutions 0.00 0.00
Cash received from premium of original insurance contracts 0.00 0.00
Net cash received from reinsurance business 0.00 0.00
Net increase of deposits of policy holders and investment fund 0.00 0.00
Net increase of disposal of tradable financial assets 0.00 0.00
Cash received from interest, handling charges and commissions 0.00 0.00
Net increase of intra-group borrowings 0.00 0.00
Net increase of funds in repurchase business 0.00 0.00
Tax refunds received 922,151,691.00 542,257,891.00
Other cash received relating to operating activities 880,323,747.00 573,065,143.00
Subtotal of cash inflows from operating activities 28,035,172,378.00 25,225,907,788.00
Cash paid for goods and services 18,501,878,623.00 16,516,878,041.00
Net increase of customer lendings and advances 0.00 0.00
Net increase of funds deposited in the central bank and amount due from
0.00 0.00
banks
Cash for paying claims of the original insurance contracts 0.00 0.00
25
Report for the Third Quarter of 2014 of BOE Technology Group Co., Ltd.
Cash for paying interest, handling charges and commissions 0.00 0.00
Cash for paying policy dividends 0.00 0.00
Cash paid to and for employees 2,660,841,011.00 2,018,007,461.00
Various taxes paid 761,478,700.00 1,103,573,320.00
Other cash payment relating to operating activities 1,466,870,821.00 1,257,464,920.00
Subtotal of cash outflows from operating activities 23,391,069,155.00 20,895,923,742.00
Net cash flows from operating activities 4,644,103,223.00 4,329,984,046.00
II. Cash flows from investing activities:
Cash received from withdrawal of investments 0.00 0.00
Cash received from return on investments 27,676,449.00 2,170,108.00
Net cash received from disposal of fixed assets, intangible assets and other
217,978,465.00 730,348.00
long-term assets
Net cash received from disposal of subsidiaries or other business units 0.00 0.00
Other cash received relating to investing activities 3,751,154,886.00 1,651,185,101.00
Subtotal of cash inflows from investing activities 3,996,809,800.00 1,654,085,557.00
Cash paid to acquire fixed assets, intangible assets and other long-term assets 14,507,066,576.00 12,456,769,266.00
Cash paid for investment 1,240,835,666.00 13,633,862.00
Net increase of pledged loans 0.00 0.00
Net cash paid to acquire subsidiaries and other business units 534,815,100.00 0.00
Other cash payments relating to investing activities 2,765,809,694.00 4,644,780,677.00
Subtotal of cash outflows from investing activities 19,048,527,036.00 17,115,183,805.00
Net cash flows from investing activities -15,051,717,236.00 -15,461,098,248.00
III. Cash Flows from Financing Activities:
Cash received from capital contributions 30,752,700,690.00 15,042,000.00
Including: Cash received from minority shareholder investments by
0.00 0.00
subsidiaries
Cash received from borrowings 15,164,084,920.00 19,019,933,498.00
Cash received from issuance of bonds 0.00 0.00
Other cash received relating to financing activities 48,165,983.00 38,130,534.00
Subtotal of cash inflows from financing activities 45,964,951,593.00 19,073,106,032.00
Repayment of borrowings 13,817,603,713.00 3,377,364,032.00
Cash paid for interest expenses and distribution of dividends or profit 1,419,387,604.00 804,396,735.00
Including: dividends or profit paid by subsidiaries to minority
0.00 0.00
shareholders
Other cash payments relating to financing activities 740,055,221.00 573,778,664.00
26
Report for the Third Quarter of 2014 of BOE Technology Group Co., Ltd.
Sub-total of cash outflows from financing activities 15,977,046,538.00 4,755,539,431.00
Net cash flows from financing activities 29,987,905,055.00 14,317,566,601.00
IV. Effect of foreign exchange rate changes on cash and cash equivalents 45,964,982.00 -74,552,107.00
V. Net increase in cash and cash equivalents 19,626,256,024.00 3,111,900,292.00
Add: Opening balance of cash and cash equivalents 16,474,975,849.00 13,556,486,692.00
VI. Closing balance of cash and cash equivalents 36,101,231,873.00 16,668,386,984.00
Legal representative: Wang Dongsheng Person-in-charge of the accounting work: Sun Yun
Chief of the accounting division: Yang Xiaoping
8. Cash flow statement of the Company for Jan.-Sept. 2014
Prepared by BOE TECHNOLOGY GROUP CO., LTD.
Unit: RMB Yuan
Item Jan.-Sept. 2014 Jan.-Sept. 2013
I. Cash flows from operating activities:
Cash received from sale of commodities and rendering of service 118,139,827.00 110,146,853.00
Tax refunds received 698,357.00 759,601,734.00
Other cash received relating to operating activities 1,265,772,534.00 586,164,039.00
Subtotal of cash inflows from operating activities 1,384,610,718.00 1,455,912,626.00
Cash paid for goods and services 143,143,254.00 135,227,602.00
Cash paid to and for employees 306,493,243.00 222,781,561.00
Various taxes paid 28,818,697.00 16,853,855.00
Other cash payment relating to operating activities 918,386,207.00 579,115,628.00
Subtotal of cash outflows from operating activities 1,396,841,401.00 953,978,646.00
Net cash flows from operating activities -12,230,683.00 501,933,980.00
II. Cash flows from investing activities:
Cash received from retraction of investments 0.00 0.00
Cash received from return on investments 27,638,617.00 4,370,108.00
Net cash received from disposal of fixed assets, intangible assets and other
67,400.00 122,900.00
long-term assets
Net cash received from disposal of subsidiaries or other business units 0.00
Other cash received relating to investing activities 46,788,174.00 30,613,152.00
Subtotal of cash inflows from investing activities 74,494,191.00 35,106,160.00
Cash paid to acquire fixed assets, intangible assets and other long-term assets 98,499,524.00 201,086,471.00
27
Report for the Third Quarter of 2014 of BOE Technology Group Co., Ltd.
Cash paid for investment 12,209,911,111.00 2,889,340,512.00
Net cash paid to acquire subsidiaries and other business units 6,834,815,100.00 4,100,000,000.00
Other cash payments relating to investing activities 56,136,870.00 1,861,335.00
Subtotal of cash outflows from investing activities 19,199,362,605.00 7,192,288,318.00
Net cash flows from investing activities -19,124,868,414.00 -7,157,182,158.00
III. Cash Flows from Financing Activities:
Cash received from capital contributions 30,752,700,690.00 0.00
Cash received from borrowings 0.00 6,000,000,000.00
Cash received from issuance of bonds 0.00
Other cash received relating to financing activities 0.00 0.00
Subtotal of cash inflows from financing activities 30,752,700,690.00 6,000,000,000.00
Repayment of borrowings 50,000,000.00 50,000,000.00
Cash paid for interest expenses and distribution of dividends or profit 299,283,333.00 0.00
Other cash payments relating to financing activities 363,324,088.00 0.00
Sub-total of cash outflows from financing activities 712,607,421.00 50,000,000.00
Net cash flows from financing activities 30,040,093,269.00 5,950,000,000.00
IV. Effect of foreign exchange rate changes on cash and cash equivalents -1,226.00 -137,387.00
V. Net increase in cash and cash equivalents 10,902,992,946.00 -705,385,565.00
Add: Opening balance of cash and cash equivalents 1,702,470,760.00 2,264,319,604.00
VI. Closing balance of cash and cash equivalents 12,605,463,706.00 1,558,934,039.00
Legal representative: Wang Dongsheng Person-in-charge of the accounting work: Sun Yun
Chief of the accounting division: Yang Xiaoping
II. Audit report
Is this report audited?
□ Yes √ No
This report is not audited.
28