BOE Technology Group Co., Ltd. Abstract of Third Quarter Report 2016
Stock code: 200725 Stock name: BOE B Announcement No. 2016-074
BOE TECHNOLOGY GROUP CO., LTD.
ABSTRACT OF THIRD QUARTER REPORT 2016
Section I Important Statements
The Board of Directors, the Supervisory Committee, directors, supervisors and senior management staff of BOE
Technology Group Co., Ltd. (hereinafter referred to as “the Company”) warrant that the contents carried in this
report are without any false record, misleading statement or material omission. And they shall be severally and
jointly liable for the authenticity, accuracy and completeness.
All the directors attended the board meeting for the review of this Report.
Mr. Wang Dongsheng, Board Chairman, Mr. Chen Yanshun, President of the Executive Committee (CEO), Ms.
Sun Yun, accounting head for the Report, and Ms. Yang Xiaoping, head of the accounting organ (head of
accounting), hereby guarantee that the Financial Report carried in the Report is factual, accurate and complete.
This Report has been prepared in both Chinese and English. Should there be any discrepancies or
misunderstandings between the two versions, the Chinese version shall prevail.
Section II Financial Highlights & Shareholder Changes
I Highlights of accounting data and financial indicators
Whether the Company performs any retroactive adjustments to or restatements of its accounting data of last year due to change in
accounting policies or correction of accounting errors
□ Yes √ No
Item 30 September 2016 31 December 2015 +/- (%)
Total assets (RMB Yuan) 175,175,152,927.00 152,592,894,442.00 14.80%
Net assets attributable to
shareholders of the Company 77,142,699,064.00 77,485,275,564.00 -0.44%
(RMB Yuan)
January-September
Item July-September 2016 YoY +/- (%) YoY +/- (%)
2016
Operating revenues (RMB Yuan) 19,393,595,018.00 44.19% 45,841,905,735.00 25.87%
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BOE Technology Group Co., Ltd. Abstract of Third Quarter Report 2016
Net profit attributable to
shareholders of the Company 657,140,380.00 1494.35% 140,667,962.00 -92.94%
(RMB Yuan)
Net profit attributable to
shareholders of the Company
509,396,071.00 403.10% -1,800,301,317.00 -227.83%
excluding exceptional profit and
loss (RMB Yuan)
Net cash flows from operating
-- -- 6,548,148,538.00 -16.41%
activities (RMB Yuan)
Basic earnings per share (RMB
0.019 1,800.00% 0.004 -92.98%
Yuan /share)
Diluted earnings per share (RMB
0.019 1,800.00% 0.004 -92.98%
Yuan /share)
Weighted average return on equity 0.85% 0.80% 0.18% -2.41%
Unit: RMB Yuan
Item January-September 2016 Note
Gains/losses on the disposal of non-current assets (including the offset
-2,753,840.00 N/A
part of asset impairment provisions)
Tax rebates, reductions or exemptions due to approval beyond authority
0.00 N/A
or the 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 1,791,803,165.00 N/A
or amounts according to the country’s unified standards
Capital occupation charges on non-financial enterprises that recorded
0.00 N/A
into current 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
105,228,293.00 N/A
fair value of the identifiable net assets of the investees when making the
investments
Gain/loss on non-monetary asset swap 0.00 N/A
Gain/loss on entrusting others with investments or asset management 0.00 N/A
Asset impairment provisions due to acts of God such as natural disasters 0.00 N/A
Gain/loss on debt restructuring 0.00 N/A
Expenses for business reorganization, such as expenses for staffing,
0.00 N/A
reorganization etc.
Gain/loss on the part over the fair value due to transactions with
0.00 N/A
distinctly unfair prices
Current gains and losses of subsidies acquired from business
combination under the same control as from period-begin to 0.00 N/A
combination date
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BOE Technology Group Co., Ltd. Abstract of Third Quarter Report 2016
Gain/loss on contingent events irrelevant to the Company’s normal
0.00 N/A
business
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 131,735,488.00 N/A
financial assets 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 N/A
impairment tests were carried out separately
Gain/loss on external entrustment loans 0.00 N/A
Gain/loss on change of the fair value of investing real estate of which
the subsequent measurement is carried out adopting the fair value 0.00 N/A
method
Effect on current gains/losses when a one-off adjustment is made to
current gains/losses according to requirements of taxation, accounting 0.00 N/A
and other relevant laws and regulations
Custody fee income when entrusted with operation 0.00 N/A
Non-operating incomes and expenses other than the above 24,651,172.00 N/A
Other gain/loss items that meet the definition of an extraordinary
0.00 N/A
gain/loss
Less: Income tax effects 79,626,752.00 N/A
Minority interests effects (after tax) 30,068,247.00 N/A
Total 1,940,969,279.00 --
Explanation of why the Company classified an item as exceptional profit/loss according to the definition in the Explanatory
Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Exceptional Profit and Loss,
or reclassified any exceptional profit/loss item given as an example in the said explanatory announcement to recurrent profit/loss
□ Applicable √ Not applicable
No such cases in the Reporting Period.
II Total number of shareholders and shareholdings of top 10 shareholders at the period-end
1. Total number of ordinary shareholders and preference shareholders who had resumed their voting right
& shareholdings of top 10 shareholders at the period-end
Unit: share
1,305,144 (Of which there Total number of preference
Total number of ordinary shareholders at were 1,258,749 Share A shareholders who had resumed
0
the end of the Reporting Period shareholders and 46,395 their voting right at the end of
Share B shareholders) the Reporting Period (if any)
Shareholdings of top 10 shareholders
3
BOE Technology Group Co., Ltd. Abstract of Third Quarter Report 2016
Number of Pledged or frozen shares
Nature of Shareholding Number of
Name of shareholder restricted
shareholder percentage shares held Status Number
shares held
Beijing State-owned Capital State-owned
11.56% 4,063,333,333 4,063,333,333
Management Center Corporation
Chongqing Capital
State-owned
Photoelectricity Investment Co., 8.53% 3,000,000,000 3,000,000,000 Pledged 955,000,000
Corporation
Ltd.
Hefei Jianxiang Investment Co., State-owned
8.13% 2,857,142,857 2,857,142,857
Ltd. Corporation
Hua An Fund – ICBC - Zhongrong
International Trust – Zhongrong -
Other 4.45% 1,564,126,904 0
RJ No. 1 Assembled Funds Trust
Plan
China Securities Finance
Other 2.74% 963,281,982 0
Corporation Limited
Beijing BOE Investment & State-owned
2.34% 822,092,180 0
Development Co., Ltd. Corporation
Beijing Economic-Technological State-owned
1.93% 677,423,641 0
Investment & Development Corp. Corporation
Hefei Raycom Projects Investment State-owned
1.92% 675,026,803 0
Co., Ltd. Corporation
Beijing BDA Technological
Other 1.60% 564,000,000 0
Investment Development Co., Ltd.
Beijing Electronics Holdings Co.,
Nation 0.78% 273,735,583 0
Ltd.
Shareholdings of top 10 non-restricted shareholders
Number of non-restricted shares held Type of shares
Name of shareholder
at the period-end Type Number
Hua An Fund - ICBC - Zhongrong International
Trust - Zhongrong - RJ No. 1 Assembled Funds 1,564,126,904 RMB ordinary shares 1,564,126,904
Trust Plan
China Securities Finance Corporation Limited 963,281,982 RMB ordinary shares 963,281,982
Beijing BOE Investment & Development Co.,
822,092,180 RMB ordinary shares 822,092,180
Ltd.
Beijing Economic-Technological Investment &
677,423,641 RMB ordinary shares 677,423,641
Development Corp.
Hefei Raycom Projects Investment Co., Ltd. 675,026,803 RMB ordinary shares 675,026,803
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BOE Technology Group Co., Ltd. Abstract of Third Quarter Report 2016
Beijing BDA Technological Investment
564,000,000 RMB ordinary shares 564,000,000
Development Co., Ltd.
Beijing Electronics Holdings Co., Ltd. 273,735,583 RMB ordinary shares 273,735,583
Central Huijin Investment Ltd. 248,305,300 RMB ordinary shares 248,305,300
China Life Insurance Co., Ltd. – Traditional -
143,320,047 RMB ordinary shares 143,320,047
General Insurance Products - 005L- CT001S
Chongqing Jiangbeizui CBD Investment Group
107,095,238 RMB ordinary shares 107,095,238
Co., Ltd.
1. Beijing State-owned Capital Management Center held 100% equities of
Beijing Electronics Holdings Co., Ltd..
2. Beijing Electronics Holdings Co., Ltd. held 66.25% shares of Beijing BOE
Investment & Development Co., Ltd., which was the controlling shareholder of
the latter.
3. Beijing Economic-Technological Investment & Development Corp. held 49%
shares of Beijing BDA Technological Investment Development Co., Ltd., the
above mentioned companies were both controlled by the Beijing Economic -
Technological Development Area Administration Committee and were the
persons acting in concert.
4. When the Company completed private offering of shares in 2014, Hefei
Jianxiang Investment Co., Ltd., Chongqing Ezcapital Opto-electronics Industry
Investment Co., Ltd. maintained unanimous according to the declaration of
intention from Beijing BOE Investment & Development Co., Ltd. when
Explanation on associated relationship or persons executing the voting rights of the shareholders of the Company through the
acting in concert among the above-mentioned agreement of the Voting Rights Exercising Agreement
shareholders 5. When the Company completed private offering of shares in 2014, Beijing
State-owned Capital Operation and Management Center transferred the 70%
shares directly held to Beijing Electronic Shareholding Co., Ltd. for managing
through Shares Management Protocol, and Beijing Electronic Shareholding Co.,
Ltd. acquired the shareholders rights except for the disposition rights and equity
rights attached to the equities; Beijing State-owned Capital Operation and
Management Center maintained its voting rights of the rest 30% equity directly
held by itself in accordance with Beijing Electronic Shareholding Co., Ltd.
through the agreement of the Voting Rights Exercising Agreement.
6. Chongqing Jiangbeizui CBD Investment Group Co., Ltd. held 12.25%
equities of Chongqing Capital Photoelectricity Investment Co., Ltd. without
being its controlling shareholder that was not the person acting in concert.
7. 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.
Did any of the top 10 ordinary shareholders or the top 10 non-restricted ordinary shareholders of the Company conduct any
promissory repo during the Reporting Period?
□ Yea √ No
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BOE Technology Group Co., Ltd. Abstract of Third Quarter Report 2016
No such cases in the Reporting Period.
2. Total number of preference shareholders and shareholdings of the top 10 of them at the period-end
□ Applicable √ Not applicable
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BOE Technology Group Co., Ltd. Abstract of Third Quarter Report 2016
Section III Significant Events
I Changes in main accounting statement items and financial indicators in the Reporting
Period, as well as reasons for the changes
√ Applicable □ Not applicable
Unit: RMB Yuan
Period-beginning/
Period-end/ Current
Item Same period of last +/- (%) Main reason for change
period
year
Notes receivable Notes were adopted more often in
1,219,908,043.00 362,053,092.00 237%
settlement.
Accounts The sales revenue increased.
13,672,569,024.00 8,192,514,361.00 67%
receivable
Long-term equity New investments
2,002,226,109.00 1,260,302,959.00 59%
investments
Short-term Some bank loans were repaid.
1,508,353,191.00 5,091,974,830.00 -70%
borrowings
Accounts paid in Advances to suppliers increased.
593,145,184.00 226,447,504.00 162%
advance
Accounts received Advances from customers increased.
629,706,242.00 386,538,903.00 63%
in advance
Other non-current Prepayments for engineering and
5,730,110,656.00 347,851,674.00 1547%
assets equipment increased.
Accounts payable Procurement increased as the Company
13,616,736,221.00 9,849,935,031.00 38%
was expanding.
Non-current Some long-term borrowings became due
liabilities due 3,737,502,774.00 2,283,535,113.00 64% within one year.
within one year
Operating costs 28,386,284,793.0 The sales increased.
39,817,142,861.00 40%
0
Finance costs Increase in exchange loss and expensed
1,840,072,506.00 1,049,846,691.00 75%
interest
Non-operating Increase in government subsidy
1,933,773,186.00 655,288,420.00 195%
revenue
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BOE Technology Group Co., Ltd. Abstract of Third Quarter Report 2016
Corporate income Decrease in earnings of the display device
tax 120,127,244.00 495,093,867.00 -76% division as a result of the market decline
Net cash flows A cash inflow due to the arrival of the
from financing 11,139,226,214.00 3,467,008,440.00 221% funds raised through corporate bonds
activities
Net increase in cash A cash inflow due to the arrival of the
and cash 321,154,728.00 -3,886,230,683.00 108% funds raised through corporate bonds
equivalents
II Progress on significant events, as well as the influence and solutions
√ Applicable □ Not applicable
1.The Company disclosed the Announcement on the Resolution of the 3rd Session of the 8th Board of Directors on 28 July 2016
(Announcement No.: 2016-054), which approved the Proposal on the Capital Increase for Beijing BOE Energy Technology Co., Ltd.
and the Company planned to increase the capital of Beijing BOE Energy Technology Co., Ltd. of RMB 0.8 billion Yuan by the
self-owned funds for the investment on the ground construction/distributed photovoltaic power station projects with the specific
information on the Announcement on the Capital Increase for Beijing BOE Energy Technology Co., Ltd. disclosed on 28 July 2016
(Announcement No.: 2016-055).
2.The Company disclosed the Announcement on the Resolution of the 3rd Session of the 8th Board of Directors on 28 July 2016
(Announcement No.: 2016-054), which approved the Proposal on Investment Adjustment to Generation 10.5 TFT-LCD Production
Line Project and the Company planned to change the registered capital structure, the way of contribution and the arrival progress of
the registered capital of the project with the specific information on the Announcement on Investment Adjustment to Generation 10.5
TFT-LCD Production Line Project disclosed on 28 July 2016 (Announcement No.: 2016-056).
3.On 15 July 2016, the Company disclosed the Preplan of Repurchasing Part of the Social Public Shares of the Company, which had
been reviewed and approved by the 2016 3rd Exordinary General Meeting. On 20 September, the Company executed the reppurshase of
part of the social public shares in the first time and up to 30 September, the Company accumulatively repurchased 21,129,700 shares of
the Share A, with the specific information on the Announcement on the Progress of Repurchasing Part of the Social Public Shares
disclosed on 11 October (Announcement No.: 2016-069).
4. On 20 August 2016, the Company disclosued the Announcement on the Resolution of the 2016 3rd Extraordinary General Meeting
(Announcement No.: 2016-060), which elected Mr. Li Xuan as the Independent Director of the 8th Board of Directors of the
Company.
Index of the interim report
Summary of the significant events Disclosure date
disclosure website
Announcement on Participating the Share Offering of Zhejiang
Shengyang Technology Co., Ltd. and the Assets Purchasing 20 Sep. 2016 www.cninfo.com.cn
Projects by Cash
Announcement on the Voluntarily Information Disclosure on
28 Sep. 2016 www.cninfo.com.cn
Signing the Development Financial Cooperation Agreement
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BOE Technology Group Co., Ltd. Abstract of Third Quarter Report 2016
III Commitments of the Company, its shareholders, actual controller, acquirer, directors, supervisors, senior management or other
related parties fulfilled in the Reporting Period or ongoing at the period-end
√ Applicable □ Not applicable
Date of
Type of Term of
Commitment Commitment maker Contents commitment Fulfillment
commitment commitment
making
Commitments made in share
N/A
reform
Commitments made in acquisition
documents or shareholding N/A
alteration documents
Commitments made in time of
N/A
asset restructuring
Beijing State-owned Capital
Operation and Management Commitment The shares acquired from this subscription shall
Center, Hefei Jianxiang concerning not be transferred within 36 months from the first
8 Apr. 2014 36 months In execution
Investment Co., Ltd., Chongqing restricted trading date of these newly increased shares in the
Commitments made in time of Capital Photoelectricity shares private placement by the issuer.
IPO or refinancing Investment Co., Ltd.
Commitment
Voluntarily committed to lock up the whole held
Hefei Raycom Projects concerning
shares of the Company of 24 months since 9 9 Jan. 2014 24 months Fulfilled
Investment Co., Ltd. restricted
January 2014.
shares
Commitments concerning stock
N/A
ownership incentive
Other commitments made to Beijing Electronics Holdings Co., Commitment Committed not to decrease the shareholding
31 Jul. 2015 6 months Fulfilled
minority shareholders Ltd. concerning during the shareholding increase execution period
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BOE Technology Group Co., Ltd. Abstract of Third Quarter Report 2016
others and within 6 months after the completion of the
execution of 231,700 unrestricted RMB ordinary
shares increased by the directional asset plan.
Committed not to decrease the shareholding
Commitment during the shareholding increase execution period
Beijing BOE Investment
concerning and within 6 months after the completion of the 24 Aug, 2015 6 months Fulfilled
Development Co., Ltd.
others execution of 6,311,100unrestricted RMB ordinary
shares increased by the directional asset plan.
Commitment Committed not to decrease the shareholding of
Whole Directors, Supervisors and
concerning the Company’s shares within the future 6 months 11 Jul. 2015 6 months Fulfilled
Senior Executives
others since 11 July 2015.
Beijing Electronics Holdings Co.,
Ltd., Beijing BOE Investment Commitment Committed not to decrease the shareholding of
Development Co., Ltd., Hefei concerning the Company’s shares within the future 6 months 28 Jan. 2016 6 months Fulfilled
Raycom Projects Investment Co., others since 28 Jan 2016.
ltd.
Beijing BDA Technological Commitment Committed not to decrease the shareholding of
Investment Development Co., concerning the Company’s shares within the future 6 months 14 Feb. 2016 6 months Fulfilled
Ltd. others since 14 February 2016.
Executed on time Yes
Specific reasons for failing to
fulfill commitments on time and N/A
plans for next step
IV Performance forecast for Y2016
Warning of possible loss or considerable YoY change in the accumulative net profit made during the year-beginning to the end of the next reporting period, as well as the reasons
□ Applicable √ Not applicable
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BOE Technology Group Co., Ltd. Abstract of Third Quarter Report 2016
V Securities investments
√ Applicable □ Not applicable
Variety of Code of Name of Opening Opening Closing Closing Profit/loss in Source of
Initial Closing book
number of shareholding number of shareholding the Reporting Accounting title
securities securities securities value securities
investment cost shares held percentage shares held percentage Period
TPV Financial assets
Stock HK00903 134,658,158.00 24,360,191 1.04% 24,360,191 1.04% 28,943,283.00 205,296.00 Subscribe
Technology available-for-sale
Electronic Financial assets
Stock SH600658 90,160,428.00 9,819,493 1.69% 9,819,493 1.69% 120,386,984.00 2,641,444.00 Stock-for-stock
Zone available-for-sale
Bank of Financial assets
Stock HK01963 120,084,375.00 25,195,000 0.93% 25,195,000 0.93% 137,929,704.00 6,651,480.00 Subscribe
Chongqing available-for-sale
Other securities investment held at the
0.00 0 -- 0 -- 0.00 0.00 -- --
period-end
Total 344,902,961.00 59,374,684 -- 59,374,684 -- 287,259,971.00 9,498,220.00 -- --
Disclosure date of the board announcement on
N/A
approval of the securities investment
Disclosure date of the general meeting
announcement on approval of the securities N/A
investment (if any)
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BOE Technology Group Co., Ltd. Abstract of Third Quarter Report 2016
VI Investment in derivative financial instruments
□ Applicable √ Not applicable
No such cases in the Reporting Period.
VII Visits paid to the Company for purposes of research, communication, interview, etc.
during the Reporting Period
√ Applicable □ Not applicable
Date of visit Way of visit Type of visitor About
2016-07-01 Field research Institution
2016-07-01 Teleconference Institution
2016-07-05 Teleconference Institution
2016-07-14 Teleconference Institution
Main discussion:
2016-07-15 Field research Institution
1. The operating situation, the future
2016-07-21 Field research Institution
development strategy of the Company;
2016-09-01 Field research Institution 2. Industry conditions and development
2016-09-02 Field research Institution trend;
3. Situation of the several production
2016-09-02 Field research Institution
lines of the Company;
2016-09-02 Teleconference Institution
2016-09-07 Field research Institution
2016-09-21 Teleconference Institution
2016-09-21 Field research Institution
2016-09-23 Field research Institution
Note: 59 institutions paid 14 visits in total to the Company during the Reporting Period for the purpose of research.
VIII Illegal provision of guarantees for external parties
□ Applicable √ Not applicable
No such cases in the Reporting Period.
IX Occupation of the Company’s funds for non-operating purposes by the controlling
shareholder and its related parties
□ Applicable √ Not applicable
No such cases in the Reporting Period.
12
BOE Technology Group Co., Ltd. Abstract of Third Quarter Report 2016
Board Chairman (signature):
Wang Dongsheng
Date of the Board’s approval: 24 October 2016
13
