THIRD QUARTER REPORT
2016
October 2016
BOE Technology Group Co., Ltd. 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.
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BOE Technology Group Co., Ltd. Third Quarter Report 2016
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
77,142,699,064.00 77,485,275,564.00 -0.44%
Company (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%
Net profit attributable to shareholders of the
657,140,380.00 1494.35% 140,667,962.00 -92.94%
Company (RMB Yuan)
Net profit attributable to shareholders of the
Company excluding exceptional profit and 509,396,071.00 403.10% -1,800,301,317.00 -227.83%
loss (RMB Yuan)
Net cash flows from operating activities
-- -- 6,548,148,538.00 -16.41%
(RMB Yuan)
Basic earnings per share (RMB Yuan /share) 0.019 1,800.00% 0.004 -92.98%
Diluted earnings per share (RMB Yuan /share) 0.019 1,800.00% 0.004 -92.98%
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 part of asset
-2,753,840.00 N/A
impairment provisions)
Tax rebates, reductions or exemptions due to approval beyond authority or the lack
0.00 N/A
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 to 1,791,803,165.00 N/A
the country’s unified standards
Capital occupation charges on non-financial enterprises that recorded into current
0.00 N/A
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 105,228,293.00 N/A
identifiable net assets of the investees when making the investments
3
BOE Technology Group Co., Ltd. Third Quarter Report 2016
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, reorganization
0.00 N/A
etc.
Gain/loss on the part over the fair value due to transactions with distinctly unfair
0.00 N/A
prices
Current gains and losses of subsidies acquired from business combination under the
0.00 N/A
same control as from period-begin to combination date
Gain/loss on contingent events irrelevant to the Company’s normal business 0.00 N/A
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
131,735,488.00 N/A
financial assets and tradable financial liabilities and 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 impairment
0.00 N/A
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
0.00 N/A
subsequent measurement is carried out adopting the fair value method
Effect on current gains/losses when a one-off adjustment is made to current
gains/losses according to requirements of taxation, accounting and other relevant 0.00 N/A
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 gain/loss 0.00 N/A
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.
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BOE Technology Group Co., Ltd. Third Quarter Report 2016
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
Total number of preference
Total number of ordinary 1,305,144 (Of which there were
shareholders who had resumed
shareholders at the end of the 1,258,749 Share A shareholders 0
their voting right at the end of
Reporting Period and 46,395 Share B shareholders)
the Reporting Period (if any)
Shareholdings of top 10 shareholders
Nature of Shareholding Number of Number of restricted Pledged or frozen shares
Name of shareholder
shareholder percentage shares held shares held Status Number
Beijing State-owned
State-owned
Capital Management 11.56% 4,063,333,333 4,063,333,333
Corporation
Center
Chongqing Capital
State-owned
Photoelectricity 8.53% 3,000,000,000 3,000,000,000 Pledged 955,000,000
Corporation
Investment Co., Ltd.
Hefei Jianxiang State-owned
8.13% 2,857,142,857 2,857,142,857
Investment Co., Ltd. Corporation
Hua An Fund – ICBC
- Zhongrong
International Trust –
Other 4.45% 1,564,126,904 0
Zhongrong - RJ No. 1
Assembled Funds
Trust Plan
China Securities
Finance Corporation Other 2.74% 963,281,982 0
Limited
Beijing BOE
State-owned
Investment & 2.34% 822,092,180 0
Corporation
Development Co., Ltd.
Beijing
Economic-Technologi State-owned
1.93% 677,423,641 0
cal Investment & Corporation
Development Corp.
Hefei Raycom Projects State-owned
1.92% 675,026,803 0
Investment Co., Ltd. Corporation
Beijing BDA
Other 1.60% 564,000,000 0
Technological
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BOE Technology Group Co., Ltd. Third Quarter Report 2016
Investment
Development Co., Ltd.
Beijing Electronics
Nation 0.78% 273,735,583 0
Holdings Co., Ltd.
Shareholdings of top 10 non-restricted shareholders
Number of non-restricted shares held at Type of shares
Name of shareholder
the period-end Type Number
Hua An Fund - ICBC - Zhongrong International Trust RMB ordinary
1,564,126,904 1,564,126,904
- Zhongrong - RJ No. 1 Assembled Funds Trust Plan shares
RMB ordinary
China Securities Finance Corporation Limited 963,281,982 963,281,982
shares
RMB ordinary
Beijing BOE Investment & Development Co., Ltd. 822,092,180 822,092,180
shares
Beijing Economic-Technological Investment & RMB ordinary
677,423,641 677,423,641
Development Corp. shares
RMB ordinary
Hefei Raycom Projects Investment Co., Ltd. 675,026,803 675,026,803
shares
Beijing BDA Technological Investment Development RMB ordinary
564,000,000 564,000,000
Co., Ltd. shares
RMB ordinary
Beijing Electronics Holdings Co., Ltd. 273,735,583 273,735,583
shares
RMB ordinary
Central Huijin Investment Ltd. 248,305,300 248,305,300
shares
China Life Insurance Co., Ltd. – Traditional - General RMB ordinary
143,320,047 143,320,047
Insurance Products - 005L- CT001S shares
Chongqing Jiangbeizui CBD Investment Group Co., RMB ordinary
107,095,238 107,095,238
Ltd. shares
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.
Explanation on associated relationship or persons
3. Beijing Economic-Technological Investment & Development Corp. held
acting in concert among the above-mentioned
49% shares of Beijing BDA Technological Investment Development Co.,
shareholders
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
6
BOE Technology Group Co., Ltd. Third Quarter Report 2016
Industry Investment Co., Ltd. maintained unanimous according to the
declaration of intention from Beijing BOE Investment & Development Co.,
Ltd. when executing the voting rights of the shareholders of the Company
through the agreement of the Voting Rights Exercising Agreement
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
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
7
BOE Technology Group Co., Ltd. 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
13,672,569,024.00 8,192,514,361.00 67% The sales revenue increased.
receivable
Long-term equity
2,002,226,109.00 1,260,302,959.00 59% New investments
investments
Short-term
1,508,353,191.00 5,091,974,830.00 -70% Some bank loans were repaid.
borrowings
Accounts paid in
593,145,184.00 226,447,504.00 162% Advances to suppliers increased.
advance
Accounts received
629,706,242.00 386,538,903.00 63% Advances from customers increased.
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
39,817,142,861.00 40% The sales increased.
0
Finance costs Increase in exchange loss and expensed
1,840,072,506.00 1,049,846,691.00 75%
interest
Non-operating
1,933,773,186.00 655,288,420.00 195% Increase in government subsidy
revenue
8
BOE Technology Group Co., Ltd. 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
9
BOE Technology Group Co., Ltd. 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
Type of Date of commitment Term of
Commitment Commitment maker Contents Fulfillment
commitment making commitment
Commitments made in share
N/A
reform
Commitments made in
acquisition documents or
N/A
shareholding alteration
documents
Commitments made in time of
N/A
asset restructuring
Beijing State-owned Capital
Operation and Management The shares acquired from this subscription
Center, Hefei Jianxiang Commitment shall not be transferred within 36 months
Investment Co., Ltd., concerning from the first trading date of these newly 8 Apr. 2014 36 months In execution
Commitments made in time of Chongqing Capital restricted shares increased shares in the private placement by
IPO or refinancing Photoelectricity Investment Co., the issuer.
Ltd.
Commitment Voluntarily committed to lock up the whole
Hefei Raycom Projects
concerning held shares of the Company of 24 months 9 Jan. 2014 24 months Fulfilled
Investment Co., Ltd.
restricted shares since 9 January 2014.
Commitments concerning stock
N/A
ownership incentive
Other commitments made to Beijing Electronics Holdings Commitment Committed not to decrease the shareholding
31 Jul. 2015 6 months Fulfilled
minority shareholders Co., Ltd. concerning during the shareholding increase execution
10
BOE Technology Group Co., Ltd. Third Quarter Report 2016
others period 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
during the shareholding increase execution
Commitment
Beijing BOE Investment period and within 6 months after the
concerning 24 Aug, 2015 6 months Fulfilled
Development Co., Ltd. completion of the execution of
others
6,311,100unrestricted RMB ordinary shares
increased by the directional asset plan.
Commitment Committed not to decrease the shareholding
Whole Directors, Supervisors
concerning of the Company’s shares within the future 6 11 Jul. 2015 6 months Fulfilled
and Senior Executives
others months since 11 July 2015.
Beijing Electronics Holdings
Co., Ltd., Beijing BOE Commitment Committed not to decrease the shareholding
Investment Development Co., concerning of the Company’s shares within the future 6 28 Jan. 2016 6 months Fulfilled
Ltd., Hefei Raycom Projects others months since 28 Jan 2016.
Investment Co., ltd.
Beijing BDA Technological Commitment Committed not to decrease the shareholding
Investment Development Co., concerning of the Company’s shares within the future 6 14 Feb. 2016 6 months Fulfilled
Ltd. others months since 14 February 2016.
Executed on time Yes
Specific reasons for failing to
fulfill commitments on time and N/A
plans for next step
11
BOE Technology Group Co., Ltd. Third Quarter Report 2016
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
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)
12
BOE Technology Group Co., Ltd. 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.
13
BOE Technology Group Co., Ltd. Third Quarter Report 2016
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 41,018,466,851.00 38,866,861,836.00
Settlement reserves 0.00 0.00
Lendings to banks and other financial institutions 0.00 0.00
Financial assets measured at fair value with fair value changes
0.00 0.00
included in the profit and loss for the Reporting Period
Derivative financial assets 0.00 0.00
Notes receivable 1,219,908,043.00 362,053,092.00
Accounts receivable 13,672,569,024.00 8,192,514,361.00
Accounts paid in advance 593,145,184.00 226,447,504.00
Premiums receivable 0.00 0.00
Reinsurance premiums receivable 0.00 0.00
Receivable reinsurance contract reserves 0.00 0.00
Interest receivable 95,871,850.00 194,518,278.00
Dividends receivable 0.00 0.00
Other accounts receivable 677,705,782.00 593,329,847.00
Financial assets purchased under agreement to resell 0.00 0.00
Inventories 7,833,058,021.00 6,609,406,228.00
Assets held for sale 0.00 0.00
Non-current assets due within one year 63,332,886.00 0.00
Other current assets 9,932,689,501.00 8,712,017,517.00
Total current assets 75,106,747,142.00 63,757,148,663.00
Non-current assets:
Loans and advances to customers 0.00 0.00
Available-for-sale financial assets 504,652,648.00 454,096,246.00
14
BOE Technology Group Co., Ltd. Third Quarter Report 2016
Held-to-maturity investments 0.00 0.00
Long-term accounts receivable 0.00 0.00
Long-term equity investments 2,002,226,109.00 1,260,302,959.00
Investment property 1,200,134,259.00 1,227,099,427.00
Fixed assets 71,552,996,994.00 63,565,099,405.00
Construction in progress 15,578,683,089.00 18,645,461,692.00
Engineering materials 0.00 0.00
Disposal of fixed assets 0.00 0.00
Productive living assets 0.00 0.00
Oil-gas assets 0.00 0.00
Intangible assets 2,864,508,290.00 2,679,239,255.00
R&D expense 0.00 0.00
Goodwill 197,963,688.00 197,963,688.00
Long-term deferred expenses 336,456,348.00 341,526,213.00
Deferred income tax assets 100,673,704.00 117,105,220.00
Other non-current assets 5,730,110,656.00 347,851,674.00
Total non-current assets 100,068,405,785.00 88,835,745,779.00
Total assets 175,175,152,927.00 152,592,894,442.00
Current liabilities:
Short-term borrowings 1,508,353,191.00 5,091,974,830.00
Borrowings from the Central Bank 0.00 0.00
Money deposits accepted and inter-bank deposits 0.00 0.00
Loans from banks and other financial institutions 0.00 0.00
Financial liabilities measured at fair value with fair value
0.00 0.00
changes included in the profit and loss for the Reporting Period
Derivative financial liabilities 0.00 0.00
Notes payable 409,821,485.00 343,277,037.00
Accounts payable 13,616,736,221.00 9,849,935,031.00
Accounts received in advance 629,706,242.00 386,538,903.00
Financial assets sold for repurchase 0.00 0.00
Handling charges and commissions payable 0.00 0.00
Payroll payable 1,107,290,241.00 1,092,103,138.00
Taxes and fares payable 251,848,076.00 224,415,009.00
Interest payable 251,667,997.00 348,173,849.00
Dividends payable 9,651,170.00 9,651,170.00
15
BOE Technology Group Co., Ltd. Third Quarter Report 2016
Other accounts payable 11,322,493,654.00 8,864,929,878.00
Reinsurance premiums payable 0.00 0.00
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 one year 3,737,502,774.00 2,283,535,113.00
Other current liabilities 476,469,068.00 376,906,959.00
Total current liabilities 33,321,540,119.00 28,871,440,917.00
Non-current liabilities:
Long-term borrowings 39,984,179,941.00 36,341,198,145.00
Bonds payable 9,954,853,649.00 0.00
Of which: Preference shares 0.00 0.00
Perpetual bonds 0.00 0.00
Long-term accounts payable 10,101,807.00 0.00
Long-term payroll payable 0.00 0.00
Special payables 0.00 0.00
Estimated liabilities 16,140,065.00 16,457,010.00
Deferred income 1,980,602,331.00 2,406,244,676.00
Deferred income tax liabilities 459,784,649.00 435,880,215.00
Other non-current liabilities 7,441,855,438.00 6,170,843,660.00
Total non-current liabilities 59,847,517,880.00 45,370,623,706.00
Total liabilities 93,169,057,999.00 74,242,064,623.00
Owners’ equity:
Share capital 35,153,067,743.00 35,153,067,743.00
Other equity instruments 0.00 0.00
Of which: Preference shares 0.00 0.00
Perpetual bonds 0.00 0.00
Capital reserves 39,029,109,425.00 39,018,900,467.00
Less: Treasury stock 99,980,901.00 0.00
Other composite income 48,211,167.00 90,153,009.00
Special reserves 0.00 0.00
Surplus reserves 592,242,059.00 592,242,059.00
Provisions for general risks 0.00 0.00
16
BOE Technology Group Co., Ltd. Third Quarter Report 2016
Retained profit 2,420,049,571.00 2,630,912,286.00
Total equity attributable to owners of the Company 77,142,699,064.00 77,485,275,564.00
Minority interests 4,863,395,864.00 865,554,255.00
Total owners’ equity 82,006,094,928.00 78,350,829,819.00
Total liabilities and owners’ equity 175,175,152,927.00 152,592,894,442.00
Legal representative: Wang Dongsheng Person-in-charge of the accounting work: Sun Yun
Chief of the accounting division: Yang Xiaoping
2. Balance sheet of the Company
Unit: RMB Yuan
Item Closing balance Opening balance
Current Assets:
Monetary funds 3,627,200,664.00 3,327,934,443.00
Financial assets measured at fair value with fair value changes
0.00 0.00
included in the profit and loss for the Reporting Period
Derivative financial assets 0.00 0.00
Notes receivable 100,000.00 0.00
Accounts receivable 46,798,800.00 59,397,930.00
Accounts paid in advance 8,109,902.00 6,825,464.00
Interest receivable 19,493,728.00 52,437,366.00
Dividends receivable 160,941,079.00 90,941,079.00
Other accounts receivable 2,013,126,044.00 1,281,026,259.00
Inventories 11,072,294.00 10,846,799.00
Assets held for sale 0.00 0.00
Non-current assets due within one year 0.00 0.00
Other current assets 114,218,853.00 109,578,393.00
Total current assets 6,001,061,364.00 4,938,987,733.00
Non-current assets:
Available-for-sale financial assets 168,018,299.00 176,683,497.00
Held-to-maturity investments 0.00 0.00
Long-term accounts receivable 0.00 0.00
Long-term equity investments 90,671,061,150.00 77,551,596,817.00
Investment property 165,836,392.00 169,723,827.00
17
BOE Technology Group Co., Ltd. Third Quarter Report 2016
Fixed assets 813,056,554.00 846,738,969.00
Construction in progress 477,591,204.00 160,409,258.00
Engineering materials 0.00 0.00
Disposal of fixed assets 0.00 0.00
Productive living assets 0.00 0.00
Oil-gas assets 0.00 0.00
Intangible assets 637,999,005.00 638,764,378.00
R&D expense 0.00 0.00
Goodwill 0.00 0.00
Long-term deferred expenses 103,839,186.00 104,917,711.00
Deferred income tax assets 0.00 0.00
Other non-current assets 3,277,874,590.00 2,551,631,765.00
Total non-current assets 96,315,276,380.00 82,200,466,222.00
Total assets 102,316,337,744.00 87,139,453,955.00
Current liabilities:
Short-term borrowings 0.00 0.00
Financial liabilities measured at fair value with fair value
0.00 0.00
changes included in the profit and loss for the Reporting Period
Derivative financial liabilities 0.00 0.00
Notes payable 0.00 0.00
Accounts payable 19,292,284.00 13,975,839.00
Accounts received in advance 344,956,214.00 3,439,149.00
Payroll payable 121,779,055.00 111,350,496.00
Taxes and fares payable 47,270,547.00 34,371,553.00
Interest payable 190,761,430.00 5,091,297.00
Dividends payable 6,451,170.00 6,451,170.00
Other accounts payable 5,572,952,556.00 7,507,464,657.00
Liabilities held for sale 0.00 0.00
Non-current liabilities due within one year 670,000,000.00 670,000,000.00
Other current liabilities 0.00 0.00
Total current liabilities 6,973,463,256.00 8,352,144,161.00
Non-current liabilities:
Long-term borrowings 10,937,560,000.00 4,140,720,000.00
Bonds payable 9,954,853,649.00 0.00
Of which: Preference shares 0.00 0.00
18
BOE Technology Group Co., Ltd. Third Quarter Report 2016
Perpetual bonds 0.00 0.00
Long-term payables 0.00 0.00
Long-term payroll payables 0.00 0.00
Special payables 0.00 0.00
Estimated liabilities 0.00 0.00
Deferred income 157,639,522.00 151,809,223.00
Deferred income tax liabilities 832,284.00 0.00
Other non-current liabilities 0.00 0.00
Total non-current liabilities 21,050,885,455.00 4,292,529,223.00
Total liabilities 28,024,348,711.00 12,644,673,384.00
Owners’ equity:
Share capital 35,153,067,743.00 35,153,067,743.00
Other equity instruments 0.00 0.00
Of which: Preference shares 0.00 0.00
Perpetual bonds 0.00 0.00
Capital reserves 38,153,747,348.00 38,152,869,635.00
Less: Treasury stock 99,980,901.00 0.00
Other composite income 95,870,937.00 109,786,796.00
Special reserves 0.00 0.00
Surplus reserves 592,242,059.00 592,242,059.00
Retained profit 397,041,847.00 486,814,338.00
Total owners’ equity 74,291,989,033.00 74,494,780,571.00
Total liabilities and owners’ equity 102,316,337,744.00 87,139,453,955.00
3. Consolidated income statement
Unit: RMB Yuan
Item July-September 2016 July-September 2015
1. Operating revenues 19,393,595,018.00 13,449,597,930.00
Including: Sales income 19,393,595,018.00 13,449,597,930.00
Interest income 0.00 0.00
Premium income 0.00 0.00
Fee and commission income 0.00 0.00
2. Operating costs 18,778,347,229.00 13,627,139,869.00
Including: Cost of sales 15,830,051,703.00 10,876,674,345.00
19
BOE Technology Group Co., Ltd. Third Quarter Report 2016
Interest expenses 0.00 0.00
Fee and commission expenses 0.00 0.00
Surrenders 0.00 0.00
Net claims paid 0.00 0.00
Net amount provided as insurance contract reserve 0.00 0.00
Expenditure on policy dividends 0.00 0.00
Reinsurance premium 0.00 0.00
Business tax and surtaxes 36,010,612.00 56,633,591.00
Selling expenses 476,578,917.00 376,642,899.00
Administrative expenses 1,566,701,446.00 1,260,538,490.00
Finance costs 605,193,496.00 873,505,602.00
Asset impairment loss 263,811,055.00 183,144,942.00
Add: Profit on fair value changes (“-” means loss) 17,222,416.00 0.00
Return on investment (“-” means loss) 45,948,654.00 69,039,318.00
Including: Share of profit/loss of associates and joint
1,312,003.00 2,917,230.00
ventures
Exchange gains (“-” means loss) 0.00 0.00
3. Operating profit (“-” means loss) 678,418,859.00 -108,502,621.00
Add: Non-operating revenue 140,040,304.00 230,516,962.00
Including: Profit on disposal of non-current assets 1,927,726.00 281,392.00
Less: Non-operating expense 8,967,466.00 2,340,865.00
Including: Loss on disposal of non-current assets 7,212,245.00 1,453,376.00
4. Total profit (“-” means loss) 809,491,697.00 119,673,476.00
Less: Corporate income tax 63,868,933.00 84,033,203.00
5. Net profit (“-” means loss) 745,622,764.00 35,640,273.00
Net profit attributable to owners of the Company 657,140,380.00 41,216,719.00
Minority interests’ income 88,482,384.00 -5,576,446.00
6. Other comprehensive income net of tax 5,413,909.00 -121,484,185.00
Other comprehensive income net of tax attributable to
-15,601,433.00 -121,484,185.00
owners of the Company
6.1 Other comprehensive income that will not be
0.00 0.00
reclassified into profit/loss
6.1.1 Changes in net liabilities or assets with a defined
0.00 0.00
benefit plan upon re-measurement
6.1.2 Share of other comprehensive income of investees
0.00 0.00
that cannot be reclassified into profit/loss under the equity method
20
BOE Technology Group Co., Ltd. Third Quarter Report 2016
6.2 Other comprehensive income to be subsequently
-15,601,433.00 -121,484,185.00
reclassified into profit/loss
6.2.1 Share of other comprehensive income of investees
0.00 0.00
that will be reclassified into profit/loss under the equity method
6.2.2 Profit/loss on fair value changes of
-2,061,569.00 -112,978,008.00
available-for-sale financial assets
6.2.3 Profit/loss on reclassifying held-to-maturity
0.00 0.00
investments into available-for-sale financial assets
6.2.4 Effective profit/loss on cash flow hedges 0.00 0.00
6.2.5 Currency translation differences -13,539,864.00 -8,506,177.00
6.2.6 Other 0.00 0.00
Other comprehensive income net of tax attributable to
21,015,342.00 0.00
minority interests
7. Total comprehensive income 751,036,673.00 -85,843,912.00
Attributable to owners of the Company 641,538,947.00 -80,267,466.00
Attributable to minority interests 109,497,726.00 -5,576,446.00
8. Earnings per share
8.1 Basic earnings per share 0.019 0.001
8.2 Diluted earnings per share 0.019 0.001
Where business mergers under the same control occurred in the Reporting Period, the net profit achieved by the merged parties
before the business mergers was RMB0.00 Yuan, with the corresponding amount for the last period being RMB0.00 Yuan.
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
Unit: RMB Yuan
Item July-September 2016 July-September 2015
1. Operating revenues 350,838,939.00 223,827,908.00
Less: Operating costs 10,891,094.00 32,040,271.00
Business tax and surtaxes 138,162.00 2,044,186.00
Selling expenses 424,337.00 739,023.00
Administrative expenses 347,193,628.00 259,800,509.00
Finance costs 66,345,953.00 -20,920,909.00
Asset impairment loss 0.00 0.00
Add: profit on fair value changes (“-” means loss) 0.00 0.00
Return on investment (“-” means loss) 101,975,111.00 2,762,233.00
21
BOE Technology Group Co., Ltd. Third Quarter Report 2016
Including: Share of profit/loss of associates and joint
1,312,003.00 2,955,484.00
ventures
2. Operating profit (“-” means loss) 27,820,876.00 -47,112,939.00
Add: Non-operating revenue 213,699,624.00 6,661,505.00
Including: Profit on disposal of non-current assets 0.00 59,799.00
Less: Non-operating expense 100,849.00 310,782.00
Including: Loss on disposal of non-current assets 88,011.00 7,135.00
3. Total profit (“-” means loss) 241,419,651.00 -40,762,216.00
Less: Corporate income tax 19,661,520.00 0.00
4. Net profit (“-” means loss) 221,758,131.00 -40,762,216.00
5. Other comprehensive income net of tax 8,130,236.00 -69,881,190.00
5.1 Other comprehensive income that will not be reclassified
0.00 0.00
into profit and loss
5.1.1 Changes in net liabilities or assets with a defined
0.00 0.00
benefit plan upon re-measurement
5.1.2 Share of other comprehensive income of investees that
0.00 0.00
cannot be reclassified into profit/loss under the equity method
5.2 Other comprehensive income to be subsequently
8,130,236.00 -69,881,190.00
reclassified into profit/loss
5.2.1 Share of other comprehensive income of investees that
0.00 0.00
will be reclassified into profit/loss under the equity method
5.2.2 Profit/loss on fair value changes of available-for-sale
8,130,236.00 -69,881,190.00
financial assets
5.2.3 Profit/loss on reclassifying held-to-maturity
0.00 0.00
investments into available-for-sale financial assets
5.2.4 Effective profit/loss on cash flow hedges 0.00 0.00
5.2.5 Currency translation differences 0.00 0.00
5.2.6 Other 0.00 0.00
6. Total comprehensive income 229,888,367.00 -110,643,406.00
7. Earnings per share
7.1 Basic earnings per share 0.0063 -0.0012
7.2 Diluted earnings per share 0.0063 -0.0012
5. Consolidated income statement for the period from the year-beginning to the end of the Reporting
Period
Unit: RMB Yuan
Item January-September 2016 January-September 2015
1. Operating revenues 45,841,905,735.00 36,420,446,042.00
22
BOE Technology Group Co., Ltd. Third Quarter Report 2016
Including: Sales income 45,841,905,735.00 36,420,446,042.00
Interest income 0.00 0.00
Premium income 0.00 0.00
Fee and commission income 0.00 0.00
2. Operating costs 47,615,377,413.00 34,709,856,746.00
Including: Cost of sales 39,817,142,861.00 28,386,284,793.00
Interest expenses 0.00 0.00
Fee and commission expenses 0.00 0.00
Surrenders 0.00 0.00
Net claims paid 0.00 0.00
Net amount provided as insurance contract reserve 0.00 0.00
Expenditure on policy dividends 0.00 0.00
Reinsurance premium 0.00 0.00
Business tax and surtaxes 128,940,793.00 170,970,012.00
Selling expenses 1,172,795,371.00 909,331,602.00
Administrative expenses 3,877,791,881.00 3,512,957,536.00
Finance costs 1,840,072,506.00 1,049,846,691.00
Asset impairment loss 778,634,001.00 680,466,112.00
Add: Profit on fair value changes (“-” means loss) 21,846,353.00 0.00
Return on investment (“-” means loss) 110,942,976.00 133,698,468.00
Including: Share of profit/loss of associates and joint
-9,868,958.00 13,474,267.00
ventures
Exchange gains (“-” means loss) 0.00 0.00
3. Operating profit (“-” means loss) -1,640,682,349.00 1,844,287,764.00
Add: Non-operating revenue 1,933,773,186.00 655,288,420.00
Including: Profit on disposal of non-current assets 6,716,094.00 1,763,067.00
Less: Non-operating expense 14,844,397.00 15,688,276.00
Including: Loss on disposal of non-current assets 9,469,934.00 10,701,950.00
4. Total profit (“-” means loss) 278,246,440.00 2,483,887,908.00
Less: Corporate income tax 120,127,244.00 495,093,867.00
5. Net profit (“-” means loss) 158,119,196.00 1,988,794,041.00
Net profit attributable to owners of the Company 140,667,962.00 1,992,387,571.00
Minority interests’ income 17,451,234.00 -3,593,530.00
6. Other comprehensive income net of tax -20,926,500.00 -50,041,037.00
Other comprehensive income net of tax attributable to -41,941,842.00 -49,966,188.00
23
BOE Technology Group Co., Ltd. Third Quarter Report 2016
owners of the Company
6.1 Other comprehensive income that will not be
0.00 0.00
reclassified into profit/loss
6.1.1 Changes in net liabilities or assets with a defined
0.00 0.00
benefit plan upon re-measurement
6.1.2 Share of other comprehensive income of investees
that cannot be reclassified into profit/loss under the equity 0.00 0.00
method
6.2 Other comprehensive income to be subsequently
-41,941,842.00 -49,966,188.00
reclassified into profit/loss
6.2.1 Share of other comprehensive income of investees
-4,418,377.00 0.00
that will be reclassified into profit/loss under the equity method
6.2.2 Profit/loss on fair value changes of
-46,209,100.00 -40,362,278.00
available-for-sale financial assets
6.2.3 Profit/loss on reclassifying held-to-maturity
0.00 0.00
investments into available-for-sale financial assets
6.2.4 Effective profit/loss on cash flow hedges 0.00 0.00
6.2.5 Currency translation differences 8,685,635.00 -9,603,910.00
6.2.6 Other 0.00 0.00
Other comprehensive income net of tax attributable to
21,015,342.00 -74,849.00
minority interests
7. Total comprehensive income 137,192,696.00 1,938,753,004.00
Attributable to owners of the Company 98,726,120.00 1,942,421,383.00
Attributable to minority interests 38,466,576.00 -3,668,379.00
8. Earnings per share
8.1 Basic earnings per share 0.004 0.057
8.2 Diluted earnings per share 0.004 0.057
Where business mergers under the same control occurred in the current period, the net profit achieved by the merged parties before
the business mergers was RMB0.00 Yuan, with the corresponding amount for the same period of last year being RMB0.00 Yuan.
6. Income statement of the Company for the period from the year-beginning to the end of the Reporting
Period
Unit: RMB Yuan
Item January-September 2016 January-September 2015
1. Operating revenues 1,044,265,990.00 618,959,434.00
Less: Operating costs 69,706,483.00 97,365,275.00
Business tax and surtaxes 2,483,100.00 7,653,072.00
Selling expenses 4,810,417.00 2,413,142.00
24
BOE Technology Group Co., Ltd. Third Quarter Report 2016
Administrative expenses 916,599,105.00 726,398,468.00
Finance costs 127,196,246.00 -94,994,208.00
Asset impairment loss 0.00 0.00
Add: profit on fair value changes (“-” means loss) 0.00 0.00
Return on investment (“-” means loss) 120,352,235.00 468,109,218.00
Including: Share of profit/loss of associates and joint
-9,868,958.00 13,512,521.00
ventures
2. Operating profit (“-” means loss) 43,822,874.00 348,232,903.00
Add: Non-operating revenue 241,471,215.00 82,043,756.00
Including: Profit on disposal of non-current assets 83,799.00 83,799.00
Less: Non-operating expense 475,109.00 382,447.00
Including: Loss on disposal of non-current assets 96,701.00 8,690.00
3. Total profit (“-” means loss) 284,818,980.00 429,894,212.00
Less: Corporate income tax 23,060,794.00 0.00
4. Net profit (“-” means loss) 261,758,186.00 429,894,212.00
5. Other comprehensive income net of tax -13,915,859.00 -37,369,122.00
5.1 Other comprehensive income that will not be reclassified
0.00 0.00
into profit and loss
5.1.1 Changes in net liabilities or assets with a defined
0.00 0.00
benefit plan upon re-measurement
5.1.2 Share of other comprehensive income of investees that
0.00 0.00
cannot be reclassified into profit/loss under the equity method
5.2 Other comprehensive income to be subsequently
-13,915,859.00 -37,369,122.00
reclassified into profit/loss
5.2.1 Share of other comprehensive income of investees that
-4,418,377.00 0.00
will be reclassified into profit/loss under the equity method
5.2.2 Profit/loss on fair value changes of available-for-sale
-9,497,482.00 -37,369,122.00
financial assets
5.2.3 Profit/loss on reclassifying held-to-maturity
0.00 0.00
investments into available-for-sale financial assets
5.2.4 Effective profit/loss on cash flow hedges 0.00 0.00
5.2.5 Currency translation differences 0.00 0.00
5.2.6 Other 0.00 0.00
6. Total comprehensive income 247,842,327.00 392,525,090.00
7. Earnings per share
7.1 Basic earnings per share 0.0074 0.0122
7.2 Diluted earnings per share 0.0074 0.0122
25
BOE Technology Group Co., Ltd. Third Quarter Report 2016
7. Consolidated cash flow statement for the period from the year-beginning to the end of the Reporting
Period
Unit: RMB Yuan
Item January-September 2016 January-September 2015
1. Cash flows from operating activities:
Cash received from sale of commodities and rendering of
36,623,911,272.00 36,345,984,473.00
service
Net increase in money deposits from customers and interbank
0.00 0.00
placements
Net increase in loans from the Central Bank 0.00 0.00
Net increase in funds borrowed from other financial
0.00 0.00
institutions
Cash received from premium of original insurance contracts 0.00 0.00
Net cash received from reinsurance business 0.00 0.00
Net increase in deposits of policy holders and investment fund 0.00 0.00
Net increase in disposal of financial assets at fair value through
0.00 0.00
profit/loss
Interest, fees and commissions received 0.00 0.00
Net increase in interbank borrowings 0.00 0.00
Net increase in funds in repurchase business 0.00 0.00
Tax refunds received 2,825,772,770.00 2,593,189,930.00
Cash received from other operating activities 2,438,902,512.00 920,462,620.00
Subtotal of cash inflows from operating activities 41,888,586,554.00 39,859,637,023.00
Cash paid for goods and services 24,889,893,478.00 24,543,335,064.00
Net increase in loans and advances to customers 0.00 0.00
Net increase in funds deposited in the Central Bank and
0.00 0.00
interbank placements
Cash paid for claims of original insurance contracts 0.00 0.00
Interest, fees and commissions paid 0.00 0.00
Cash paid as policy dividends 0.00 0.00
Cash paid to and for employees 4,390,130,444.00 3,799,438,331.00
Taxes and fares paid 1,325,244,798.00 1,318,703,589.00
Cash paid for other operating activities 4,735,169,296.00 2,364,548,936.00
Subtotal of cash outflows from operating activities 35,340,438,016.00 32,026,025,920.00
Net cash flows from operating activities 6,548,148,538.00 7,833,611,103.00
2. Cash flows from investing activities:
26
BOE Technology Group Co., Ltd. Third Quarter Report 2016
Cash received from retraction of investments 27,018,296,827.00 7,931,535,212.00
Cash received as return on investments 154,741,975.00 94,512,076.00
Net cash received from disposal of fixed assets, intangible
82,066,977.00 1,962,487.00
assets and other long-term assets
Net cash received from disposal of subsidiaries or other
0.00 0.00
business units
Cash received from other investing activities 1,125,092,241.00 1,541,068,494.00
Subtotal of cash inflows from investing activities 28,380,198,020.00 9,569,078,269.00
Cash paid to acquire fixed assets, intangible assets and other
15,462,947,784.00 13,708,972,589.00
long-term assets
Cash paid for investment 28,109,045,928.00 10,897,679,045.00
Net increase in pledged loans 0.00 0.00
Net cash paid to acquire subsidiaries and other business units 0.00 404,844,377.00
Cash paid for other investing activities 2,723,123,020.00 406,215,770.00
Subtotal of cash outflows from investing activities 46,295,116,732.00 25,417,711,781.00
Net cash flows from investing activities -17,914,918,712.00 -15,848,633,512.00
3. Cash flows from financing activities:
Cash received from capital contributions 3,008,499,427.00 0.00
Including: Cash received from minority shareholder
0.00 0.00
investments by subsidiaries
Cash received as borrowings 11,438,150,450.00 13,230,442,064.00
Cash received from issuance of bonds 10,000,000,000.00 0.00
Cash received from other financing activities 626.00 39,954,862.00
Subtotal of cash inflows from financing activities 24,446,650,503.00 13,270,396,926.00
Repayment of borrowings 10,478,692,983.00 8,519,532,762.00
Cash paid for interest expenses and distribution of dividends
2,558,512,847.00 861,184,571.00
or profit
Including: dividends or profit paid by subsidiaries to
0.00 0.00
minority interests
Cash paid for other financing activities 270,218,459.00 422,671,153.00
Sub-total of cash outflows from financing activities 13,307,424,289.00 9,803,388,486.00
Net cash flows from financing activities 11,139,226,214.00 3,467,008,440.00
4. Effect of foreign exchange rate changes on cash and cash
548,698,688.00 661,783,286.00
equivalents
5. Net increase in cash and cash equivalents 321,154,728.00 -3,886,230,683.00
Add: Opening balance of cash and cash equivalents 36,182,738,217.00 36,504,707,160.00
6. Closing balance of cash and cash equivalents 36,503,892,945.00 32,618,476,477.00
27
BOE Technology Group Co., Ltd. Third Quarter Report 2016
8. Cash flow statement of the Company for the period from the year-beginning to the end of the Reporting
Period
Unit: RMB Yuan
Item January-September 2016 January-September 2015
1. Cash flows from operating activities:
Cash received from sale of commodities and rendering of
672,388,542.00 146,603,362.00
service
Tax refunds received 3,593,327.00 0.00
Cash received from other operating activities 1,885,963,800.00 1,258,835,900.00
Subtotal of cash inflows from operating activities 2,561,945,669.00 1,405,439,262.00
Cash paid for goods and services 286,312,431.00 222,529,530.00
Cash paid to and for employees 340,454,300.00 360,992,295.00
Taxes and fares paid 103,766,375.00 38,951,331.00
Cash paid for other operating activities 2,395,936,453.00 776,920,049.00
Subtotal of cash outflows from operating activities 3,126,469,559.00 1,399,393,205.00
Net cash flows from operating activities -564,523,890.00 6,046,057.00
2. Cash flows from investing activities:
Cash received from retraction of investments 8,306,161,515.00 0.00
Cash received as return on investments 60,221,193.00 451,236,880.00
Net cash received from disposal of fixed assets, intangible
197,124.00 28,545.00
assets and other long-term assets
Net cash received from disposal of subsidiaries or other
0.00
business units
Cash received from other investing activities 13,200,214.00 140,500,839.00
Subtotal of cash inflows from investing activities 8,379,780,046.00 591,766,264.00
Cash paid to acquire fixed assets, intangible assets and other
523,640,689.00 91,796,869.00
long-term assets
Cash paid for investment 21,367,541,182.00 8,330,044,158.00
Net cash paid to acquire subsidiaries and other business units 0.00 0.00
Cash paid for other investing activities 1,703,888,929.00 465,407.00
Subtotal of cash outflows from investing activities 23,595,070,800.00 8,422,306,434.00
Net cash flows from investing activities -15,215,290,754.00 -7,830,540,170.00
3. Cash flows from financing activities:
Cash received from capital contributions 0.00 0.00
Cash received as borrowings 7,040,000,000.00 4,467,300,200.00
Cash received from issuance of bonds 10,000,000,000.00 0.00
28
BOE Technology Group Co., Ltd. Third Quarter Report 2016
Cash received from other financing activities 626.00 11,400,214.00
Subtotal of cash inflows from financing activities 17,040,000,626.00 4,478,700,414.00
Repayment of borrowings 423,155,128.00 0.00
Cash paid for interest expenses and distribution of dividends
444,352,580.00 9,665,367.00
or profit
Cash paid for other financing activities 152,000,424.00 2,908,390,000.00
Sub-total of cash outflows from financing activities 1,019,508,132.00 2,918,055,367.00
Net cash flows from financing activities 16,020,492,494.00 1,560,645,047.00
4. Effect of foreign exchange rate changes on cash and cash
10,438,293.00 99,793,588.00
equivalents
5. Net increase in cash and cash equivalents 251,116,143.00 -6,164,055,478.00
Add: Opening balance of cash and cash equivalents 3,322,215,443.00 8,671,876,589.00
6. Closing balance of cash and cash equivalents 3,573,331,586.00 2,507,821,111.00
II Auditor’s report
Is this Report audited?
□ Yes √ No
This Report is unaudited.
Board Chairman (signature):
Wang Dongsheng
Date of the Board’s approval: 24October 2016
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