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京东方B:2021年半年度报告(英文版)(已取消)2021-08-31  

                        INTERIM REPORT 2021




       August 2021
BOE Technology Group Co., Ltd.                                              Interim Report 2021




            Part I Important Notes, Table of Contents and Definitions

The Board of Directors (or the “Board”), the Supervisory Committee as well as the directors,
supervisors and senior management of BOE Technology Group Co., Ltd. (hereinafter referred
to as the “Company”) hereby guarantee the factuality, accuracy and completeness of the
contents of this Report and its summary, and shall be jointly and severally liable for any
misrepresentations, misleading statements or material omissions therein.
Mr. Chen Yanshun, the Company’s legal representative, Mr. Liu Xiaodong, President, Ms.
Sun Yun, Chief Financial Officer, and Ms. Yang Xiaoping, head of the financial department
(equivalent to financial manager) hereby guarantee that the Financial Statements carried in
this Report are factual, accurate and complete.
All the directors of the Company attended in person the Board meeting for the review of this
Report and its summary.
The Company has no interim dividend plan, either in the form of cash or stock.
Any plans for the future, development strategies and other forward-looking statements
mentioned in this Report and its summary shall NOT be considered as absolute promises of
the Company to investors. Therefore, investors are reminded to exercise caution when making
investment decisions. For further information, see “(X) Risks Facing the Company and
Countermeasures” in Part III herein.
This Report has been prepared as per the Chinese Accounting Standards for Business
Enterprises and other relevant regulations.
This Report and its summary have been prepared in both Chinese and English. Should there
be any discrepancies or misunderstandings between the two versions, the Chinese versions
shall prevail.




                                                                                                  2
BOE Technology Group Co., Ltd.                                                                                     Interim Report 2021




                                                   Table of Contents




Part I Important Notes, Table of Contents and Definitions......................................................... 2

Part II Corporate Information and Key Financial Information ................................................. 6

Part III Management Discussion and Analysis .......................................................................... 10

Part IV Corporate Governance .................................................................................................. 26

Part V Environmental and Social Responsibility ....................................................................... 28

Part VI Significant Events .......................................................................................................... 33

Part VII Share Changes and Shareholder Information............................................................. 53

Part VIII Preferred Shares ......................................................................................................... 63

Part IX Bonds.............................................................................................................................. 64

Part X Financial Statements ....................................................................................................... 68




                                                                                                                                            3
BOE Technology Group Co., Ltd.                                                                             Interim Report 2021




                                 Documents Available for Reference


(I) The financial statements signed and sealed by the Company’s legal representative, President, Chief Financial Officer and head of
the financial department (equivalent to financial manager); and
(II) The originals of all the documents and announcements that the Company disclosed on www.cninfo.com.cn during the Reporting
Period.
All the above mentioned documents are available at the Board Secretary’s Office of the Company.




                                                          Chairman of the Board (signature): Mr. Chen Yanshun




                                                           Date of the Board’s approval of this Report: 27 August 2021




                                                                                                                                   4
BOE Technology Group Co., Ltd.                                                                       Interim Report 2021




                                                      Definitions


                 Term                                                        Definition

“BOE”, the “Company”, the    BOE Technology Group Co., Ltd. and its consolidated subsidiaries, except where the context
“Group” or “we”              otherwise requires

The cninfo website               http://www.cninfo.com.cn/

CSRC                             The China Securities Regulatory Commission

Microdisplay                     Microdisplay technology

LCD                              Liquid Crystal Display

AMOLED                           Active-matrix Organic Light Emitting Diode

OLED                             Organic Light Emitting Diode

Mini-LED                         Submillimeter Light Emitting Diode

P0.9                             Point 0.9mm

AM                               Active matrix

Micro-LED                        Micro Light Emitting Diode

VR/AR                            Virtual Reality /Augmented Reality

TFT-LCD                          Thin Film Transistor Liquid Crystal Display

3C                               Computer, communication and consumer electronics

SID                              The Society for Information Display

IEC                              International Electrotechnical Commission

DIC                              Display Innovation China Expo

DIC AWARD                        Display Innovation China Award




                                                                                                                              5
BOE Technology Group Co., Ltd.                                                                             Interim Report 2021




       Part II Corporate Information and Key Financial Information

I Corporate Information

Stock name                             BOE-A, BOE-B                          Stock code               000725, 200725

Changed stock name (if any)            N/A

Stock exchange for stock listing       Shenzhen Stock Exchange

Company name in Chinese                京东方科技集团股份有限公司

Abbr. (if any)                         京东方

Company name in English (if any) BOE TECHNOLOGY GROUP CO., LTD.

Abbr. (if any)                         BOE

Legal representative                   Chen Yanshun


II Contact Information

             Item                                 Board Secretary                             Securities Representative

Name                              Liu Hongfeng                                    Su Xuefei

                                  12 Xihuan Middle Road, Beijing                  12 Xihuan Middle Road, Beijing
Address                           Economic-Technological Development Area,        Economic-Technological Development Area,
                                  P.R.China                                       P.R.China

Tel.                              010-64318888 ext.                              010-64318888 ext.

Fax                               010-64366264                                   010-64366264

Email address                     liuhongfeng@boe.com.cn                          suxuefei@boe.com.cn


III Other Information

1. Contact Information of the Company


Indicate by tick mark whether any change occurred to the registered address, office address and their zip codes, website addr ess and

email address of the Company in the Reporting Period.

□ Applicable √ Not applicable

No change occurred to the said information in the Reporting Period, which can be found in the 2020 Annual Report.


2. Media for Information Disclosure and Place where this Report is Lodged


Indicate by tick mark whether any change occurred to the information disclosure media and the place for keeping the Company’s


                                                                                                                                   6
BOE Technology Group Co., Ltd.                                                                                  Interim Report 2021


periodic reports in the Reporting Period.

□ Applicable √ Not applicable

The newspapers designated by the Company for information disclosure, the website designated by the CSRC for disclosing the

Company’s periodic reports and the place for keeping such reports did not change in the Reporting Period. The said information can

be found in the 2020 Annual Report.


IV Key Financial Information

Indicate by tick mark whether there is any retrospectively restated datum in the table below.

√ Yes □ No
Reason for retrospective restatement:
Other reason.

                                                                                         H1 2020                         Change (%)
                    Item                            H1 2021
                                                                             Before                  Restated             Restated

Operating revenue (RMB)                         107,285,327,026.00        60,867,073,506.00        56,751,329,065.00           89.04%

Net profit attributable to the listed
                                                  12,762,024,968.00        1,135,450,325.00         1,135,450,325.00        1,023.96%
company’s shareholders (RMB)

Net profit attributable to the listed
company’s shareholders before                    11,661,616,772.00         -176,328,585.00          -176,328,585.00                  —
exceptional gains and losses (RMB)

Net cash generated from/used in operating
                                                  32,745,188,339.00        9,716,675,534.00         9,716,675,534.00          237.00%
activities (RMB)

Basic earnings per share (RMB/share)                           0.363                   0.026                     0.026      1,296.15%

Diluted earnings per share (RMB/share)                         0.363                   0.026                     0.026      1,296.15%

Weighted average return on equity (%)                        13.40%                   1.05%                     1.05%          12.35%

                                                                                   31 December 2020                      Change (%)
                    Item                          30 June 2021
                                                                             Before                  Restated             Restated

Total assets (RMB)                              435,476,169,633.00      424,256,806,331.00      424,256,806,331.00              2.64%

Equity attributable to the listed company’s
                                                 111,945,985,236.00     103,276,766,835.00      103,276,766,835.00              8.39%
shareholders (RMB)

Quarterly operating revenue was restated according to the audited data, which had no impact on other financial indicators.




                                                                                                                                        7
BOE Technology Group Co., Ltd.                                                                               Interim Report 2021


V Accounting Data Differences under China’s Accounting Standards for Business Enterprises
(CAS) and International Financial Reporting Standards (IFRS) and Foreign Accounting
Standards

1. Net Profit and Net Asset Differences under CAS and IFRS

□ Applicable √ Not applicable

No such differences for the Reporting Period.


2. Net Profit and Net Asset Differences under CAS and Foreign Accounting Standards

□ Applicable √ Not applicable

No such differences for the Reporting Period.


VI Exceptional Gains and Losses

√ Applicable □ Not applicable

                                                                                                                            Unit: RMB

                                                 Item                                                      Amount            Note

Gain or loss on disposal of non-current assets (inclusive of impairment allowance write-offs)             147,769,658.00     N/A

Tax rebates, reductions and exemptions given with ultra vires approval or in lack of official
                                                                                                                    0.00     N/A
approval documents

Government subsidies charged to current profit or loss (exclusive of government subsidies given in
the Company’s ordinary course of business at fixed quotas or amounts as per the government’s           1,125,750,664.00    N/A
uniform standards)

Capital occupation charges on non-financial enterprises that are charged to current profit or loss                  0.00     N/A

Gain equal to the amount by which investment costs for the Company to obtain subsidiaries,
associates and joint ventures are lower than the Company’s enjoyable fair value of identifiable net                0.00     N/A
assets of investees when making investments

Gain or loss on non-monetary asset swaps                                                                            0.00     N/A

Gain or loss on assets entrusted to other entities for investment or management                                     0.00     N/A

Allowance for asset impairments due to acts of God such as natural disasters                                        0.00     N/A

Gain or loss on debt restructuring                                                                                  0.00     N/A

Restructuring costs in staff arrangement, integration, etc.                                                         0.00     N/A

Gain or loss on the over-fair value amount as a result of transactions with distinctly unfair prices                0.00     N/A

Current profit or loss on subsidiaries obtained in business combinations involving enterprises
                                                                                                                    0.00     N/A
under common control from the period-beginning to combination dates, net

Gain or loss on contingencies that do not arise in the Company’s ordinary course of business                       0.00     N/A

Gain or loss on fair-value changes in held-for-trading and derivative financial assets and liabilities     46,230,279.00     N/A


                                                                                                                                    8
BOE Technology Group Co., Ltd.                                                                             Interim Report 2021


& income from disposal of held-for-trading and derivative financial assets and liabilities and other
investments in debt obligations (exclusive of the effective portion of hedges that arise in the
Company’s ordinary course of business)

Reversed portions of impairment allowances for accounts receivable and contract assets which are
                                                                                                         12,706,456.00    N/A
tested individually for impairment

Gain or loss on loan entrustments                                                                                 0.00    N/A

Gain or loss on fair-value changes in investment property of which subsequent measurement is
                                                                                                                  0.00    N/A
carried out using the fair value method

Effects of all adjustments required by taxation, accounting and other applicable laws and
                                                                                                                  0.00    N/A
regulations on current profit or loss

Income from charges on entrusted management                                                                       0.00    N/A

Non-operating income and expense other than the above                                                    28,677,012.00    N/A

Other gains and losses that meet the definition of exceptional gain/loss                                          0.00    N/A

Less: Income tax effects                                                                                124,486,027.00    N/A

         Non-controlling interests effects (net of tax)                                                 136,239,846.00    N/A

Total                                                                                                  1,100,408,196.00    --

Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item defined or listed in the Explanatory

Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Exceptional Gain/Loss

Items:

□ Applicable √ Not applicable

No such cases for the Reporting Period.




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BOE Technology Group Co., Ltd.                                                                               Interim Report 2021




                       Part III Management Discussion and Analysis

I Principal Activity of the Company in the Reporting Period

(I) Principal Operations
Founded in April 1993, BOE Technology Group Co., Ltd. is an IoT company that provides smart ports and professional services for
information interaction and human health. After years of development, the Group has become a global leader in the semiconductor
display sector. The Company has established a "1+4+N" BG structure with display business as the core, which integrates MLED
business, Sensor and Solution business, Intelligence System and Innovation business, Smart Medical Engineering business and
extends to IoT scenarios and market segments such as Intelligent Car Networking, Smart Retail, Smart Finance, Smart Medicine and
Engineering, Industrial IoT, Smart Park, and Digital Art. The Company has established an industrial fund to build a safe, healthy and
competitive ecological chain finance and innovation investment platform. The Company has set up the Smart System Innovation
Center to facilitate cooperation between business groups and strategic partners to jointly create products and value for win-win
outcomes. For the first half of 2021, the Company recorded operating revenue of approximately RMB107.285 billion, up around
89.04% year-on-year; and a net profit attributable to the listed company’s shareholders of RMB12.762 billion, up 1,023.96%
year-on-year.
The specifics are as follows:
1. Display business
Display business offers TFT-LCD, AMOLED, Microdisplay and other intelligent interface devices designed and manufactured in an
integrated way, to create an integrated platform of semiconductor display panels, modules, whole products and services. Display
business provides customers with high-quality display devices such as smartphones, tablet PCs, laptops, monitors, TVs,
vehicle-mounted, electronic shelf label (ESL), tiled display screens, industrial control, wearable devices, VR/AR devices, electronic
tags, white goods, healthcare, mobile payment, and interactive whiteboards, as well as the most competitive intelligent servi ces in 3C
display, smart IoT, system platform, and other fields.
2. Sensor and Solution business
Sensor and Solution business offers B2B customers integrated design and manufacturing services of sensor devices for use in
medical detection, household detection, communication & transportation, smart homes, etc., as well as sensor system solutions
regarding medical imaging, biological detection, smart screens, microwave communication, fingerprint identification and the like,
with products including flat panel X-ray detectors (FPXD), digital microfluidic chips, PDLC glass, fingerprint identification systems,
etc.
3. MLED business
MLED business renders Mini-LED backlight products with high reliability and high partition of dimming for LCD of mobile phones,
tablet PCs, laptops, monitors, TVs, vehicles, wearable devices, etc., as well as Mini/Micro-LED display products with high brightness,
high reliability and high contrast for segment markets of outdoor, commercial, transparent, specialized and other displays. All these
products are designed and manufactured in an integrated manner.
4. Intelligence System and Innovation business
Intelligence System and Innovation business offers overall system solutions under integrated design and backed by AI and big data,
such as smart finance, smart industrial parks, smart governments, smart office, smart transportation, city light space, smart energy
and other IoT solutions, for products and services combining hardware and software.
5. Smart Medical Engineering business



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BOE Technology Group Co., Ltd.                                                                                Interim Report 2021


Smart Medical Engineering business adopts the professional healthcare service model to combine technologies with medicine and
integrate medicine and engineering with innovation, so as to provide families, communities and hospitals with the four core services
of health management, health technology, digital hospital, and technology services. The health IoT platform connects testing
equipment, medical workers and customers to build a smart health management ecosystem where customers enjoy health services
including prevention, treatment, therapy and nursing.
(II) Industry development
In the first half of the year, the semiconductor industry continued to improve, the industrial consolidation accelerated, resources were
further concentrated to leading enterprises. The COVID-19 has reshaped the way people live and work. Demand for applications
such as telecommuting, telemedicine, online education and online entertainment continues to grow. The continuous innovation of
LCD technology and the rapid development of new display technologies such as OLED and small spacing LED have boosted the
demand for new applications. Meanwhile, thanks to the continuous progress of 5G, AI, big data and other technologies, various
industries are undergoing digital transformation at a faster speed, which has brought great opportunities for the Company's IoT
transformation and development.
(III) Market position
1. Display business
Sales of display devices increased 18% year on year, and sales area increased 45% year on year. The market share of LCD
smartphones, tablet PCs, laptops, monitors and TVs continued to rank first in the world. The sales area of innovative application
devices increased by 66% year on year. The market share of electronic paper display devices continued to maintain above 60%. 3C
product sales increased by 38% year on year.
2. Sensor and Solution business
The sales of medical imaging in sensing business increased by 51% year on year, and the Company has made mass production and
shipped to global high-end medical device companies in Europe, the United States, Japan and South Korea. Smart screens have been
applied in subways in Beijing, Shenzhen, Qingdao and other places.
3. MLED business
MLED business saw rapid development, and the overall sales of the market share increased significantly. The world's first backlit
75-inch four-piece product of chip-on-glass was successfully mass-produced and delivered. Relying on chip-on-glass display process
and micron-level packaging process, the Company adopts the active driving mode, and the world's first glass-based active P0.9 direct
display products have the conditions for mass production.
4. Intelligence System and Innovation business
The smart whole products in smart systems innovation business have four series product lines, and the sales volume increased more
than twice year on year. A comprehensive management platform for smart outlets was built to boost smart finance, which has been
copied, promoted and applied. It has been successfully applied in the collective purchasing projects of ICBC Beijing, BOCOM Anhui,
Everbright Head Office and Huaxia Head Office. PSBC Wealth Center, Minsheng Head Office Smart Remote Banking and other
benchmarking projects have been created. Smart Part built a smart park digital platform and application platform, which has been
applied in some scenarios in Capital, Boda, Apartment Taupe, CITIC Pacific Plaza and other projects.
5. Smart Medical Engineering business
OASIS Hospital continued to make greater efforts to build market channels, and its outpatients and discharges grew by 86%and 55%
respectively year on year. The brand influence of Hefei Hospital was further enhanced, with its outpatients and growing by 131% and
123% respectively year on year. Smart medical care solutions of health technology have been implemented in Beijing, Chengdu a nd
other cities. A number of agents have been developed for gastric cancer gene methylation detection products. Regenerative medicine
cell storage has increased significantly.
(IV) Key performance drivers



                                                                                                                                     11
BOE Technology Group Co., Ltd.                                                                               Interim Report 2021


1. Market condition
The domestic economy is gradually recovering and sees steady growth. The online economy stimulates the demand for consumer
electronics products. Benefited from the 14th Five-Year Plan, the digital economy has brought opportunities to the IoT scenarios,
such as IIOT, smart park and smart finance. The overseas pandemic is still severe, and the "contactless economy" characterized by
home living and telecommuting continues to drive the demand for display panels. The supply of raw materials such as driver IC and
chip-on-glass is tight, which affects the panel price to a certain extent.
2. The Company's operating capability
The Company's "1+4+N" BG structure further promoted steadily towards the goal of IoT innovation ecology, and all layers of
business showed a good momentum of coordinated development. Also, the Company enriched product categories and capacity
advantages to provide customers with competitive products and services. The Company established first-launch advantages in
multiple segments, improved the layout of core patents, and promoted innovation-driven development. BOE continued to improve
production line operation efficiency for lean management, so that its customer quality performance continued to stay ahead.


II Core Competitiveness Analysis

1. Excellent management team
Since the Company implemented the strategy of "conducting overseas acquisitions and taking root in domestic markets" and entered
the semiconductor display industry at a high starting point, it has developed into a leading enterprise in the industry after more than
20 years of concentrated efforts. The Company's management team has solid professional knowledge, rich industry experience,
leading management level and keen strategic vision. Thanks to their efforts, the Company continued to grow stronger in the
semiconductor display field, and grasped future development opportunities to firmly promote the Company's IoT transformation, and
rendered a lot of achievements. In the context of the complex global political and economic situation, repeated outbreaks and the
shortage of upstream resources and materials, the Company's management led the team to overcome difficulties and achieved
excellent results in the overall operation in the first half of the year, creating the best half-year performance in the history of the
Company.
2. Improved technology innovation system
The Company always respects technology and makes constant innovations, maintaining stable resource investment in technology
innovation. Through short- and medium-term technology R&D mechanism, the Company productizes technology rapidly. On this
basis, through the full research and judgment of the industry development, the Company actively lays out the forward-looking
technology direction and creates a dynamically iterative company-level technology innovation system to ensure that its technical
strength continues to lead the industry.
3. Abundant patent and technology innovation achievements
BOE continued to apply for and obtain more patents, with more than 4,500 new patent applications in the year. In particular, the
invention patent applications exceeded 90% and overseas patent applications exceeded 33%; patent applications in respect of OLED,
sensor, AI, big data and other fields exceeded 50%. New authorized patents amounted to 3,900, including over 1,200 overseas
patents. Besides, the Company led the formulation and revision of 36 external technical standards. The IEC international standard
Basic Rating and Characteristics of Flexible Display Devices and the national standard General Requirements for IoT Electronic Tag
System have been approved. The jointly formed group standard Technical Specification for Foldable Displays for Microcomputer
was officially released. The group standard Evaluation Specification for Artificial Intelligence Development Platform, which the
Company participated in, was officially released.
New breakthroughs have been made in technology application and innovation, and a number of products have been launched for the
first time worldwide. BOE's Flexible OLED sliding display won the SID Best Technology Demonstration award. The world's first
55-inch 4K AMQLED display prototype of the Company won DIC AWARD International Gold Award for Display Device


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BOE Technology Group Co., Ltd.                                                                                  Interim Report 2021


Innovation. Cadmium-free quantum dot top emitting device has stayed ahead in the industry in red and green efficiency, and has been
published in the international authoritative journal Nano Research. The world's first chip-on-glass active P0.9 direct display product
won two awards: CES 2021 Innovative Display Application of the Year and 2021 SID Best New Display Technology.
4. Leading lean management level and operational efficiency
BOE continuously optimized its operation mechanism, promoted the centralization and scale of products, and further enhanced the
efficiency of production lines. Chongqing Gen-8.5 LCD production line continued to miniaturize products and further improve the
production level. Beijing Gen-8.5 LCD production line, Fuzhou Gen-8.5 LCD production line, Nanjing Gen-8.5 LCD production line,
Chengdu Gen-8.6 LCD production line, Hefei Gen-10.5 LCD production line and Wuhan Gen-10.5 LCD production line hit a new
high by chips in a single month. In particular, since the acquisition of Nanjing Gen-8.5 LCD production line and Chengdu Gen-8.6
LCD production line, we have dug deeper into the potential of production lines, grasped market opportunities and successfully turned
losses into gains. The supply chain overcame the price increase of bulk commodities, and the tight supply of driver IC, polarizer,
glass and other upstream materials, repeated outbreaks and other adverse factors to ensure a stable supply of all materials. Beijing
Life Technology Industrial Base is in steady progress, and the renovation project of Suzhou Hospital has been basically completed.
BOE established the full life cycle with customer delivery value chain as the core, connected value chain with data chain and
continuously promoted the upgrading to digital operation.
5. Digital transformation
BOE is in the midst of a comprehensive digital transformation, with the top goal of building "a digital, visual BOE". The Company
promoted and implemented a series of digital change key measures to build an end-to-end digital management system of "agile
response, efficient coordination, and full coverage", so as to stimulate organizational vitality, strengthen IT system support, revitalize
data assets, and realize efficient digital operation. The Company continued to improve management efficiency and business
efficiency. At present, all digital change key projects are progressing in an orderly manner.


III Analysis of Core Businesses

See contents under the heading “I Principal Activity of the Company in the Reporting Period” above.
Year-on-year changes in key financial data:
                                                                                                                              Unit: RMB

                                                                  Change
       Item               H1 2021                H1 2020                                        Main reason for change
                                                                    (%)

                                                                             Promising industry development, rise in prices of major
Operating
                     107,285,327,026.00       56,751,329,065.00     89.04% products, release of new capacity, and changes in the
revenue
                                                                             consolidation scope

Cost of sales         73,745,889,031.00       47,153,846,668.00     56.39% Increase in operating revenue

Selling expense        2,295,502,342.00        1,450,825,484.00     58.22% Increase in operating revenue

Administrative
                       4,030,423,338.00        2,517,596,650.00     60.09% Increase in operating revenue
expense

                                                                             New project going into operation, and changes in the
Finance costs          1,758,296,231.00        1,204,359,858.00     45.99%
                                                                             consolidation scope

Income tax
                       2,260,425,038.00         495,807,024.00     355.91% Increase in profit
expense

R&D expense            5,929,786,929.00        3,924,151,095.00     51.11% Efforts to strengthen R&D


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BOE Technology Group Co., Ltd.                                                                                    Interim Report 2021


Net cash
generated
from/used in           32,745,188,339.00      9,716,675,534.00      237.00% Bigger business size with higher operating profit
operating
activities

Net cash
generated
                                                                                Increase in construction expenditures for new projects
from/used in          -21,314,532,961.00 -14,576,688,249.00                --
                                                                                and investments inwealth management instruments
investing
activities

Net cash
generated                                                                       Increase in expenditures on repurchase of non-controlling
from/used in          -12,633,974,318.00      5,848,629,767.00 -316.02% interests, and decrease in renewable corporate bonds
financing                                                                       issued
activities

Net increase in
cash and cash           -1,723,109,268.00     1,336,418,453.00 -228.93% N/A
equivalents

Material changes to the profit structure or sources of the Company in the Reporting Period:
□ Applicable √ Not applicable
No such changes in the Reporting Period.

Breakdown of operating revenue:

                                                                                                                               Unit: RMB

                                              H1 2021                                        H1 2020

                                                         As % of total                                 As % of total
             Item                                                                                                          Change (%)
                              Operating revenue        operating revenue   Operating revenue         operating revenue
                                                             (%)                                            (%)

Total                             107,285,327,026.00               100%         56,751,329,065.00                  100%          89.04%

By operating division

Display business                  104,673,381,879.00             97.57%         55,285,611,834.00                 97.42%         89.33%

Intelligence System and
                                     710,847,862.00                0.66%           454,883,859.00                 0.80%          56.27%
Innovation business

Smart Medical
                                     863,981,458.00                0.81%           704,620,573.00                 1.24%          22.62%
Engineering business

MLED business                        273,171,561.00                0.25%                      0.00                0.00%                  —

Sensor and Solution
                                       79,166,852.00               0.07%            62,999,853.00                  0.11%         25.66%
business

Others and offset                    684,777,414.00                0.64%           243,212,946.00                 0.43%         181.55%

By product category


                                                                                                                                          14
BOE Technology Group Co., Ltd.                                                                                  Interim Report 2021


Display business                  104,673,381,879.00             97.57%      55,285,611,834.00                 97.42%             89.33%

Intelligence System and
                                     710,847,862.00              0.66%             454,883,859.00               0.80%             56.27%
Innovation business

Smart Medical
                                     863,981,458.00              0.81%             704,620,573.00               1.24%             22.62%
Engineering business

MLED business                        273,171,561.00              0.25%                       0.00               0.00%                   —

Sensor and Solution
                                       79,166,852.00             0.07%              62,999,853.00               0.11%             25.66%
business

Others and offset                    684,777,414.00              0.64%             243,212,946.00               0.43%            181.55%

By operating segment

Mainland China                     49,456,134,518.00             46.10%      27,827,584,705.00                 49.03%             77.72%

Other regions in Asia              44,033,957,730.00             41.04%      23,316,786,200.00                 41.09%             88.85%

Europe                              3,602,378,360.00             3.36%        2,114,536,683.00                  3.73%             70.36%

America                            10,094,599,107.00             9.41%        3,384,364,128.00                  5.96%            198.27%

Other regions                          98,257,311.00             0.09%             108,057,349.00               0.19%              -9.07%

Note: In order to protect the Company’s core competitiveness and investors’ interests, as well as avoid the leakage of business secrets,
cost of sales is only presented with respect to the industry segment to which the Company belongs in the table below.
Operating division, product category or operating segment contributing over 10% of operating revenue or operating profit:

√ Applicable □ Not applicable

                                                                                                                                Unit: RMB
                                                                                        YoY change in                       YoY change
                                                                      Gross profit                      YoY change in
     Item           Operating revenue            Cost of sales                            operating                         in gross profit
                                                                          margin                        cost of sales (%)
                                                                                         revenue (%)                         margin (%)
By operating division

Display
                      104,673,381,879.00         72,756,787,083.00          30.49%             89.33%            55.59%           15.07%
business

By product category

Display
                      104,673,381,879.00         72,756,787,083.00          30.49%             89.33%            55.59%           15.07%
business

By operating segment

Mainland
                       49,456,134,518.00         35,059,330,192.00          29.11%             77.72%            51.39%           12.33%
China

Other regions
                       44,033,957,730.00         28,963,326,982.00          34.23%             88.85%            50.91%           16.54%
in Asia

Core business data of the prior year restated according to the changed statistical caliber for the Reporting Period:

□ Applicable√ Not applicable



                                                                                                                                          15
BOE Technology Group Co., Ltd.                                                                                  Interim Report 2021


Reason for any over 30% YoY movements in the data above

√ Applicable □ Not applicable
The domestic economy is gradually recovering and sees steady growth. The online economy stimulates the demand for consumer
electronics products. Benefited from the 14th Five-Year Plan, digital economy has brought opportunities to the IoT scenarios, such as
IIOT, smart park and smart finance. The overseas pandemic is still severe, and the "contactless economy" characterized by home
living and telecommuting continues to drive the demand for display panels. The supply of raw materials such as driver IC and
chip-on-glass is tight, which affects the panel price to a certain extent. Sales of display devices increased 18% year on year, and sales
area increased 45% year on year. 3C product sales increased by 38% year on year. The sales area of innovative application devices
increased by 66% year on year. The revenue increased significantly.


IV Analysis of Non-Core Businesses

√ Applicable □ Not applicable
                                                                                                                              Unit: RMB

                                                As % of profit
         Item                Amount                                               Source/Reason                       Recurrent or not
                                                before taxation

Return on
                              25,936,741.00                0.14% N/A                                                        Not
investment

Gain/loss on
changes in fair               37,887,125.00                0.20% N/A                                                        Not
value

                                                                   Amount provided for inventory falling price
Asset impairments         -2,307,446,795.00              -12.34%                                                            Not
                                                                   impairment according to market conditions

Non-operating
                              48,115,802.00                0.26% N/A                                                        Not
income

Non-operating
                              21,548,141.00                0.12% N/A                                                        Not
expense


V Analysis of Assets and Liabilities

1. Material Changes in Asset Composition

                                                                                                                              Unit: RMB

                             30 June 2021                     31 December 2020
                                                                                                Change in         Reason for material
        Item                               As % of                              As % of
                         Amount                               Amount                          percentage (%)            change
                                         total assets                          total assets

Monetary assets     71,388,786,223.00         16.39%       73,694,296,095.00      17.37%              -0.98% N/A

                                                                                                               Increase in operating
Accounts
                    36,105,667,536.00          8.29%       22,969,140,355.00       5.41%              2.88% revenue, and new
receivable
                                                                                                               production line project



                                                                                                                                         16
 BOE Technology Group Co., Ltd.                                                          Interim Report 2021


                                                                                        going into operation

Contract assets          42,346,704.00   0.01%         49,897,395.00   0.01%    0.00% N/A

                                                                                        Increase in operating
                                                                                        revenue, and new
Inventories          23,564,150,328.00   5.41%     17,875,454,490.00   4.21%    1.20%
                                                                                        production line project
                                                                                        going into operation

Investment
                      1,199,068,417.00   0.28%      1,196,168,511.00   0.28%    0.00% N/A
property

Long-term equity
                      3,455,420,187.00   0.79%      3,693,170,224.00   0.87%    -0.08% N/A
investments

Fixed assets        224,483,239,199.00   51.55%   224,866,586,069.00   53.00%   -1.45% N/A

Construction in      42,790,191,160.00
                                         9.83%     42,575,849,952.00   10.04%   -0.21% N/A
progress

Right-of-use
                       599,237,772.00    0.14%                  0.00   0.00%    0.14% N/A
assets

Short-term
                      5,893,887,382.00   1.35%      8,599,569,471.00   2.03%    -0.68% N/A
borrowings

Contract
                      3,513,356,959.00   0.81%      3,440,720,535.00   0.81%    0.00% N/A
liabilities

Long-term
                    132,226,258,609.00   30.36%   132,452,767,135.00   31.22%   -0.86% N/A
borrowings

Lease liabilities      547,150,126.00    0.13%                  0.00   0.00%    0.13% N/A


2. Major Assets Overseas


□ Applicable√ Not applicable




                                                                                                                  17
                                                             BOE Technology Group Co., Ltd.                                                                            Interim Report 2021
3. Assets and Liabilities at Fair Value

√ Applicable □ Not applicable
                                                                                                                                                                                    Unit: RMB

                                                                                          Impairment
                                         Gain/loss on fair-value        Cumulative        allowance
                       Beginning                                                                        Purchased in the      Sold in the Reporting
       Item                              changes in the Reporting    fair-value changes     for the                                                   Other changes        Ending amount
                        amount                                                                          Reporting Period             Period
                                                 Period              charged to equity    Reporting
                                                                                            Period

Financial assets

1.
Held-for-trading
financial assets
                  4,367,201,833.00                  37,887,125.00                  0.00          0.00     11,182,802,114.00      12,286,800,000.00              0.00         3,261,079,527.00
(excluding
derivative
financial assets)
2.Derivative
                                  0.00                        0.00                 0.00          0.00                  0.00                    0.00             0.00                         0.00
financial assets
3. Investments in
other debt                        0.00                        0.00                 0.00          0.00                  0.00                    0.00             0.00                         0.00
obligations

4. Investments in
other equity         533,645,423.00                           0.00     -175,069,302.00           0.00         36,625,599.00                    0.00             0.00           543,517,479.00
instruments

Subtotal of                                                                                               11,219,427,713.00                                     0.00         3,804,597,006.00
                    4,900,847,256.00                37,887,125.00      -175,069,302.00           0.00                            12,286,800,000.00
financial assets

Investment
                                  0.00                        0.00                 0.00          0.00                  0.00                    0.00             0.00                         0.00
property

Productive living                 0.00                        0.00                 0.00          0.00                  0.00                    0.00             0.00                         0.00
                                                                                                                                                                                               18
                                                             BOE Technology Group Co., Ltd.                                                            Interim Report 2021
assets

Others                          0.00                         0.00                 0.00           0.00               0.00                 0.00   0.00                         0.00

Total of the
                   4,900,847,256.00                37,887,125.00      -175,069,302.00            0.00   11,219,427,713.00   12,286,800,000.00   0.00         3,804,597,006.00
above

Financial
                                0.00                         0.00                 0.00           0.00               0.00                 0.00   0.00                         0.00
liabilities

Contents of other changes:
N/A

Significant changes to the measurement attributes of the major assets in the Reporting Period:

□ Yes √ No




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BOE Technology Group Co., Ltd.                                                                            Interim Report 2021




4. Restricted Asset Rights as at the Period-End


        Item              Ending carrying value                                     Restriction reason

Monetary assets                     4,898,511,123.00 As pledge for guarantee and as security deposits

Notes receivable                       29,880,198.00 Endorsed with resource

Inventories                                       0.00 Naught

Fixed assets                      159,026,382,261.00 As mortgage for guarantee

Intangible assets                   1,636,495,867.00 As mortgage for guarantee

Construction in                    11,680,731,138.00
                                                       As mortgage for guarantee
progress

Investment property                    64,759,263.00 As mortgage for guarantee

Total                             177,336,759,850.00                                        --


VI Investments Made

1. Total Investments Made

√ Applicable □ Not applicable

    Investments made in this Reporting Period       Investments made in the same period of last
                                                                                                         Change(%)
                      (RMB)                                         year (RMB)

                                   796,092,446.00                                347,061,271.00                         129.38%


2. Significant Equity Investments Made in the Reporting Period

□ Applicable √ Not applicable


3. Significant Non-Equity Investments Ongoing in the Reporting Period

□ Applicable √ Not applicable




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                                                                       BOE Technology Group Co., Ltd.                                                                   Interim Report 2021
4. Financial Investments

(1) Securities Investments

√ Applicable □ Not applicable
                                                                                                                                                                                         Unit: RMB
                                                                                                Profit/los
                                                                                                 s on fair
                                                     Initial                                               Cumulative fair Purchase Sold in Profit/loss in
    Variety of         Code of     Name of                            Accounting                   value                                                             Accountin             Funding
                                                                                   Beginning                value changes d in this  this       this       Ending
                                                investment            measuremen                 changes
    securities      securities securities                                        carrying value               charged to Reporting Reportin Reporting carrying value  g title              source
                                                                        t model                   in this
                                                      cost                                                      equity      Period g Period    Period
                                                                                                Reporting
                                                                                                  Period
                                                                                                                                                                            Other
Domestic/oversea SH60065 Electronic                                   Fair value                                                                                            equity       Self-funde
                                               90,160,428.00                       74,372,840.00        0.00 -31,596,972.00     0.00   0.00 1,924,620.00 58,563,456.00
s stock            8              Zone                                method                                                                                                instrument d
                                                                                                                                                                            investment

                                                                                                                                                                            Other
                                  Bank of
Domestic/oversea                               128,514,251.0 Fair value            102,845,668.0                                                            108,382,711.0 equity         Self-funde
                   HK01963 Chongqin                                                                     0.00 -20,131,540.00     0.00   0.00 9,378,620.00
s stock                                                          0 method                     0                                                                         0 instrument d
                                  g
                                                                                                                                                                            investment

                                                                                                                                                                            Other
                                  New
Domestic/oversea                               134,067,764.0 Fair value                                        -110,339,168.0                                               equity       Self-funde
                   HK01518 Century                                                 36,995,513.00        0.00                    0.00   0.00          0.00 23,728,596.00
s stock                                                          0 method                                                  0                                                instrument d
                                  Healthcare
                                                                                                                                                                            investment

Other securities investments held at the
                                                               0.00        --              0.00         0.00            0.00    0.00   0.00          0.00            0.00       --           --
period-end

                                               352,742,443.0                       214,214,021.0               -162,067,680.0                 11,303,240.0 190,674,763.0
Total                                                                      --                           0.00                    0.00   0.00                                     --           --
                                                                 0                            0                            0                            0               0

Disclosure date of the announcement
                                               N/A
about the board’s consent for the
                                                                                                                                                                                                    21
                                                               BOE Technology Group Co., Ltd.                                                                               Interim Report 2021
securities investment

Disclosure date of the announcement
about the general meeting’s consent for N/A
the securities investment (if any)


(2) Investments in Derivative Financial Instruments

√ Applicable □ Not applicable
                                                                                                                                                                                   Unit: RMB’0,000

                                                                                                                                                                              Ending
                                                                                                                                                                            investment      Actual
                                                                                                                  Purchased
               Relationship Related-party                       Initial                              Beginning                 Sold in the    Impairment        Ending        amount      gain/loss in
                                                Type of                                                            in the
Counterparty     with the     transaction                    investment     Start date    End date   investment                Reporting      allowance        investment as % of the         the
                                              derivative                                                          Reporting
                Company            or not                      amount                                 amount                     Period        (if any)         amount      Company’s Reporting
                                                                                                                   Period
                                                                                                                                                                             ending net     Period
                                                                                                                                                                            asset value

                                            Foreign
Financial      Not related                  exchange                       1 January     30 June
                             Not                              118,687.93                             118,687.93    37,581.89      42,572.06               --   113,697.76        0.61%          47.69
institutions   parties                      forward                        2021          2021
                                            contract

Total                                                         118,687.93          --            --   118,687.93    37,581.89      42,572.06               --   113,697.76        0.61%          47.69

Funding source                                               Self-funded

Legal matters involved (if applicable)                       N/A

Disclosure date of the announcement about the board’s
                                                             N/A
consent for the derivatives investment (if any)

Disclosure date of the announcement about the general
                                                             N/A
meeting’s consent for the derivatives investment (if any)


                                                                                                                                                                                                     22
                                                                  BOE Technology Group Co., Ltd.                                                                               Interim Report 2021

                                                                As of the end of the reporting period, the financial derivatives held by the company are foreign exchange forward contracts, and the
Analysis of risks and control measures associated with
                                                                risks faced are related to the uncertainty of the foreign exchange market in the future. The company's control measures for the financial
the derivative investments held in the Reporting Period
                                                                derivatives are as follows: the company controls the types of derivative transactions, reasonably matches the scale of deriva tive
(including but not limited to market, liquidity, credit,
                                                                transactions, and the transactions must match the company's production, operation and development planning, mainly for the purpose
operational and legal risks, etc.)
                                                                of cost locking and risk prevention.

Changes in market prices or fair value of derivative
investments in the Reporting Period (fair value analysis The fair value of the invested derivatives at the end of the reporting period shall be determined by reference to the market quotation of
should include measurement methods and related the external financial institutions.
assumptions and parameters)

Significant changes in accounting policies and specific
accounting principles adopted for derivative investments
                                                                No major changes
in the Reporting Period compared to the last reporting
period

Opinion    of   independent       directors   on   derivative
                                                                N/A
investments and risk control


VII Sale of Major Assets and Equity Interests

1. Sale of Major Assets

□ Applicable √ Not applicable
No such cases in the Reporting Period.


2. Sale of Major Equity Interests

□ Applicable √ Not applicable




                                                                                                                                                                                                      23
                                                               BOE Technology Group Co., Ltd.                                                                      Interim Report 2021
VIII Main Controlled and Joint Stock Companies

√ Applicable □ Not applicable
Main subsidiaries and joint stock companies with an over 10% influence on the Company’s net profit
                                                                                                                                                                                Unit: RMB

                    Relationship
       Name           with the              Principal activities         Registered capital       Total assets       Net assets     Operating revenue Operating profit      Net profit
                      Company

Chongqing BOE                      Investment construction, R&D,
Optoelectronics                    Production, and sales of relevant
                    Subsidiary                                          19,226,000,000.00       41,725,990,096.00 31,927,026,573.00 14,875,276,392.00 4,963,768,253.00    4,120,374,990.00
Technology Co.,                    products of TFT-LCD and its
Ltd.                               matching products.

Fuzhou BOE                         Investment construction, R&D,
Optoelectronics                    Production, and sales of relevant
                    Subsidiary                                          17,600,000,000.00       31,068,281,248.00 20,748,336,117.00 9,262,101,729.00 3,030,520,659.00     2,928,794,201.00
Technology Co.,                    products of TFT-LCD and its
Ltd.                               matching products.

Beijing BOE
Display                            Development and production of
                    Subsidiary                                          17,882,913,500.00       43,592,700,793.00 22,046,389,040.00 22,101,088,507.00 2,721,209,816.00    2,294,526,934.00
Technology Co.,                    TFT-LCD
Ltd.

Hefei BOE                          Investment construction, R&D, and
Display                            production of relevant products of
                    Subsidiary                                          24,000,000,000.00       42,790,838,081.00 23,251,900,230.00 10,056,857,841.00 2,117,781,713.00    2,117,875,480.00
Technology Co.,                    TFT-LCD and its matching
Ltd.                               products.

Subsidiaries obtained or disposed in this Reporting Period
□ Applicable √ Not applicable
Information about major majority- and minority-owned subsidiaries:
Naught
                                                                                                                                                                                         24
                                                             BOE Technology Group Co., Ltd.                                                                                Interim Report 2021

IX Structured Bodies Controlled by the Company

□ Applicable √ Not applicable


X Risks Facing the Company and Countermeasures

Macroeconomic environmental risks
In the first half of 2021, changes unseen in 100 years were accelerating, with COVID-19 outbreaks recurring and normalizing in some areas, instability and uncertainty in the external environment
significantly increasing. In such a context, competition and cooperation have become the main theme of future development among major countries. With global currency over-issue, the global
economy is expected to enter a period of economic upheaval based on fluctuations in the financial system. In the "14th Five-Year Plan", industry digitalization plays an important role in the
development of digital economy. While becoming a powerful engine for the development of the digital economy, it also mitigates the negative impact of the COVID-19 on the real economy and
brings opportunities to scenarios such as IIOT, smart park and smart finance. In this context, BOE kept optimizing its main business, continued to promote the IoT transformation strategy, persisted
in innovation-driven transformation and upgrading, accelerated the development of smart systems innovation, and focused on segment application scenarios to empower the IoT transformation in
the industry.




                                                                                                                                                                                                  25
BOE Technology Group Co., Ltd.                                                                                       Interim Report 2021




                                      Part IV Corporate Governance

I Annual and Extraordinary General Meeting Convened during the Reporting Period

1. General Meetings Convened during the Reporting Period


                                           Investor
     Meeting              Type         participati        Convened date          Disclosure date         Index to disclosed information
                                           on ratio

                                                                                                    Announcement on Resolution of the 1st
      The 1st                                                                                       Extraordinary General Meeting of 2021
  Extraordinary      Extraordinary                                                                  (2021-017) disclosed on China Securities
                                            36.13% 26 February 2021 27 February 2021
 General Meeting General Meeting                                                                    Journal,   Shanghai    Securities   News,
     of 2021                                                                                        Securities Times and Ta Kung Pao as well
                                                                                                    as http://www.cninfo.com.cn.

                                                                                                    Announcement on Resolution of the 2020
                                                                                                    Annual General Meeting (2021-039)
The 2020 Annual Annual General                                                                      disclosed on China Securities Journal,
                                            32.31% 18 May 2021              19 May 2021
 General Meeting        Meeting                                                                     Shanghai Securities News, Securities
                                                                                                    Times and Ta Kung Pao as well as
                                                                                                    http://www.cninfo.com.cn.


2. Extraordinary General Meetings Convened at the Request of Preference Shareholders with Resumed
Voting Rights

□ Applicable √ Not applicable


II Change of Directors, Supervisors and Senior Management

√Applicable □ Not applicable

      Name                  Office title                   Type of change                 Date of change             Reason for change

Zhang Yu            Senior management                 Appointed                     22 March 2021                Appointed

Wang Huacheng       Independent director              Left for term expiration      18 May 2021                  Left for term expiration

Zhang Xinmin        Independent director              Elected                       18 May 2021                  Elected


III Interim Dividend Plan

□ Applicable √ Not applicable
The Company has no interim dividend plan, either in the form of cash or stock.



                                                                                                                                            26
BOE Technology Group Co., Ltd.                                                                                 Interim Report 2021


IV Equity Incentive Plans, Employee Stock Ownership Plans or Other Incentive Measures for
Employees

√ Applicable □ Not applicable
The Company disclosed the Announcement on the Resolution of the 15th Meeting of the 9th Board of Directors (Announcement No.:
2020-047) and the 2020 Stock Option and Restricted Stock Grant Program and other related announcements on 29 August 2020, in
which the Company intends to implement the Equity Incentive Scheme, including both the Stock Option Incentive Scheme and the
Restricted Stock Incentive Scheme. The source of the stock is the Company's A-shares repurchased from the secondary market. The
total stock options and restricted stock incentive plan stock interests shall not exceed 981,150,000 shares, including 639,900,000
stock options and 341,250,000 restricted stock shares, representing approximately 2.82% of the total 34,798,398,763 shares of the
Company's share capital at the time of the announcement of this draft incentive plan. On 30 October 2020, the Company received the
Approval on the Implementation of the Equity Incentive Scheme of BOE (J.G.Z. [2020] No. 77) from the State-owned Assets
Supervision and Administration Commission of People's Government of Beijing Municipality forwarded by Beijing Electronics
Holding Co., Ltd, the actual controller, and the State-owned Assets Supervision and Administration Commission of People's
Government of Beijing Municipality approved in principle the implementation of this incentive plan by the Company. The Company
disclosed the Announcement on the Adjustment of the List of Incentive Subjects and the Number of Equities Granted under the 2020
Stock Option and Restricted Stock Incentive Scheme (Announcement No.: 2020-081) and the Announcement on the First Grant of
Stock Options and Restricted Shares to Incentive Subjects (Announcement No.: 2020-082) on 22 December 2020 to determine that
the grant date/authorization date of the Incentive Scheme is 21 December 2020, and 596,229,700 stock options will be granted to
1,988 incentive recipients and 321,813,800 restricted shares will be granted to 793 incentive recipients. The Company disclosed the
Announcement on Completion of Registration of the First Grant of the 2020 Stock Option and Restricted Stock Incentive Scheme
(Announcement No.: 2020-086) on 31 December 2020. The conditions for the grant under the Incentive Scheme of the Company
have been fulfilled and the first registration of the grant has been completed. The completion date of the registration of the first grant
of options under the Stock Option Incentive Scheme was 25 December 2020. The option ticker was 037100 and the option ticker is
Eastern JLC1; the listing date of the restricted shares granted was 29 December 2020.




                                                                                                                                       27
                                                               BOE Technology Group Co., Ltd.                                                                               Interim Report 2021




                                                    Part V Environmental and Social Responsibility

I Major Environmental Issues

Indicate by tick mark whether the Company or any of its subsidiaries is a heavily polluting business identified by the environmental protection authorities of China.
√ Yes □ No

                                                                                     Number of                                            Discharge
                      Name of major                                                               Distribution of        Discharge                        Total          Approved total   Excessive
 Name of polluter                                 Way of discharge                   discharge                                            standards
                         pollutants                                                              discharge outlets      concentration                   discharge           discharge     discharge
                                                                                      outlets                                           implemented

Beijing BOE          COD                                                                                             47mg/L             500mg/L       65.887t           414.21t           None
Optoelectronics                        Standard     emission     after   being                   Northwest
                     Ammonia                                                     1
Technology Co.,                        treated by sewage treatment system                        corner of factory 5mg/L                45mg/L        6.857t            29.59t            None
                     nitrogen
Ltd.

The 4.5 generation   COD                                                                                             123.68mg/L         500mg/L       65.97t            607.66t           None
TFT-LCD
production line of
                                       Standard     emission     after   being                   North side of
Chengdu BOE          Ammonia                                                     1
                                       treated by sewage treatment system                        factory             20.23mg/L          45mg/L        10.47t            54.69t            None
Optoelectronics      nitrogen
Technology Co.,
Ltd.

Hefei BOE            COD                                                                                             45.62 mg/L         380mg/L       84.48t            1081.55t          None
Optoelectronics                        Standard     emission     after   being                   Northwest
                     Ammonia                                                     1
Technology Co.,                        treated by sewage treatment system                        corner of factory 2.49 mg/L            30mg/L        4.61t             101.23t           None
                     nitrogen
Ltd.

Beijing BOE          COD               Standard     emission     after   being 1 (main           East gate of        176mg/L            500mg/l       528.30t           1618.8t           None

Display Technology Ammonia             treated by sewage treatment system discharge              factory             21.21mg/L          45mg/l        60.50t            134.4t            None
                                                                                                                                                                                                  28
                                                      BOE Technology Group Co., Ltd.                                                         Interim Report 2021
Co., Ltd.            nitrogen                                           outlet of
                                                                        wastewater)

                     COD                                                1(S2 Phase II                    24.17mg/L   500mg/l   2.00t     80.76t            None
                                                                        discharge
                                                                                        South gate of
                     Ammonia                                            outlet of
                                                                                        dormitory area   24.42mg/L   45mg/l    1.91t     6.06t             None
                     nitrogen                                           sanitary
                                                                        sewage)

Hefei Xinsheng       COD                                                                                 147mg/L     380mg/L   392.6t    3383.5375t        None
Optoelectronics                 Standard   emission     after   being                   Northeast gate
                     Ammonia                                            1
Technology Co.,                 treated by sewage treatment system                      of factory       15.38mg/L   30mg/L    40.14t    267.1214t         None
                     nitrogen
Ltd.

Erdos Yuansheng      COD                                                                                 68.88mg/L   500mg/L   47.01t    713.81t           None
                                Standard   emission     after   being                   North side of
Optoelectronics Co., Ammonia                                            1
                                treated by sewage treatment system                      factory          1.12mg/L    45mg/L    0.77t     76.82t            None
Ltd.                 nitrogen

The 6th generation
flexible AMOLED      COD                                                                                 54.85mg/L   500mg/L   98.56t    2442.94t          None

production line of
                                Standard   emission     after   being                   North side of
Chengdu BOE                                                             1
                                treated by sewage treatment system                      factory
Optoelectronics      Ammonia
                                                                                                         5.78 mg/L   45 mg/L   9.66t     203.53t           None
Technology Co.,      nitrogen
Ltd.

Chongqing BOE        COD                                                                                 93.70mg/L   400mg/L   229.72t   1900.24t          None
Optoelectronics                 Standard   emission     after   being                   South side of
                     Ammonia                                            1
Technology Co.,                 treated by sewage treatment system                      factory          5.32mg/L    30mg/L    13.06t    146.17t           None
                     nitrogen
Ltd.

Hefei BOE Display COD                                                   1                                95.7mg/L    400mg/L   395.21t   1189.88t          None
                                Standard   emission     after   being                   North side of
Technology Co.,      Ammonia
                                treated by sewage treatment system                      factory          11.25mg/L   35mg/L    47.45t    118.98t           None
Ltd.                 nitrogen
                                                                                                                                                                   29
                                                    BOE Technology Group Co., Ltd.                                                     Interim Report 2021

Fuzhou BOE        COD                                                                              90.61mg/L   500mg/L   44.22t    510.35t           None
Optoelectronics               Standard   emission     after   being             Northeast side
                  Ammonia                                             1
Technology Co.,               treated by sewage treatment system                of factory         8.13mg/L    45 mg/L   1.13t     68.05t            None
                  nitrogen
Ltd.

Mianyang BOE      COD                                                                              31.31mg/L   500mg/L   56.83t    6911.3775t        None
Optoelectronics               Standard   emission     after   being             North side of
                  Ammonia                                             1
Technology Co.,               treated by sewage treatment system                factory            1.99mg/L    45mg/L    3.61t     364.6771t         None
                  nitrogen
Ltd.

Wuhan BOE         COD                                                                              54.14mg/l   500mg/L   274.75t   391.7t            None
Optoelectronics               Standard   emission     after   being             Northeast corner
                  Ammonia                                             1
Technology Co.,               treated by sewage treatment system                of factory         2.87mg/L    45mg/L    14.8t     19.6t             None
                  nitrogen
Ltd.

Nanjing BOE       COD                                                                              198.3mg/L   500mg/L   751.17t   2215.01t          None
                              Standard   emission     after   being             South side of
Display Technology Ammonia                                            1
                              treated by sewage treatment system                factory            7.59mg/L    45mg/L    28.62t    183.67t           None
Co., Ltd.          nitrogen

Chengdu CEC       COD                                                                              195mg/L     500mg/L   558.18t   4310.1t           None
Panda Display                 Standard   emission     after   being             Northwest
                  Ammonia                                             1
Technology Co.,               treated by sewage treatment system                corner of factory 12 mg/L      45 mg/L   34.38t    148.8t            None
                  nitrogen
Ltd.

                  COD                                                                              24.5mg/L    500mg/L   0.324t    13.554t           None
                                                                                Southeast side
BOE (Hebei)       Ammonia
                                                                                of factory         0.296mg/L   45mg/L    0.004t    1.01t             None
Mobile Display    nitrogen    Discharged into sewage treatment
                                                                      2
Technology Co.,   COD         plant through municipal pipes                                        142mg/L     500mg/L   3.852t    74.937t           None
Ltd.                                                                            North side of
                  Ammonia
                                                                                factory            4.93mg/L    45mg/L    0.128t    6.744t            None
                  nitrogen

BOE Technology    COD         Standard   emission     after   being             Northwest          63.6mg/L    500mg/L   0.29t     11.114t           None
                                                                      1
Group Co., Ltd.   Ammonia     treated by sewage treatment system                corner of factory 3.82mg/L     45mg/L    0.017t    0.341t            None
                                                                                                                                                             30
           BOE Technology Group Co., Ltd.   Interim Report 2021
nitrogen




                                                                  31
BOE Technology Group Co., Ltd.                                                                                  Interim Report 2021


Construction of pollution prevention equipment and operation condition
During the Reporting Period, the Company did not have any serious environmental problems. The Company builds sound
environment management systems and establishes the environment management organizations to supervise the overall environment
performance of the Company, work out the environment management objectives and related systems, conduct regular supervision
and instruction for the environment management of subordinate companies and push forward the implementation of environment
management.
Currently, the waste water which is generated by each subordinate enterprise of the Company can be divided in to industrial waste
water and household waste water. Rain water-waste water shunting system is adopted for drainage system to drain water separately
according to different natures. After collecting, the rain water is discharged into rain water pipeline of factory; after the rain water is
collected by rain water pipe network, the rain water is discharged. After being treated by sewage treatment system in factory,
industrial waste water is discharged into sewage treatment factory through municipal pipe network for intense treatment. Household
waste water comprises household fecal waste water and canteen oily waste water etc, after pretreatment, the waste water is
discharged into municipal sewage treatment factory. All industrial and household waste water is not discharged directly, and the
concentration and total amount of drainage satisfy the requirements of national and local relevant standards.
In additional, the exhaust gas which is emitted by each subordinate enterprise mainly comes from technology exhaust gas during
production process, generally including general exhaust gas, acid exhaust gas, alkaline exhaust gas, special exhaust gas and organic
exhaust gas etc. Various exhaust gas can be emitted after being treated by independent emission treatment system. The emission
concentration and total amount satisfy the national and local relevant standards.
“4R concept” for the use of materials has been used by the Company since 2007, that is recycle (Recycle), reduction (Reduce),
renewal (Renew) and responsibility (responsibly). The Company promises that the used materials are all in accordance with
requirements of national relevant environmental regulations and the registration, assessment, permission and restriction syst em of
chemicals. In additional, the Company promotes the recycle of package materials constantly. The waste materials which are
generated by each subordinate enterprise can be divided into general industrial solid waste, hazardous waste materials and household
waste materials, and they all handed over to qualified recycler for regular treatment. The disposal rate of hazardous waste materials is
100%.
The Company focuses on the recycle of water resource and advanced cleaning methods such as adverse cleaning etc are adopted for
processing equipment. Most high purity water and chemicals are recycled, reducing the consumption of high purity water, chemical
and other materials maximally and reducing the discharge of waste water and waste materials.
At present, each subordinate enterprise formulates various management methods such as water pollution management, air pollution
management standard, hazardous waste materials management standard, energy management standard etc. The methods specify the
operation and maintenance regulations and requirements of pollutant treatment system, establish regular monitoring and supervising
mechanism, in order to ensure the continuous stable operation of each system.
In recent years, the environmental emission index of the Company is up to national standards such as Sewage Comprehensive
Discharge Standard, Air Pollutant Comprehensive Emission Standard, Industrial Enterprise Environmental Noise Emission Standard
within Factory Boundary, etc and local standards. The Company will continue to promote the environmental management, devote t o
forging green factory and improve environmental management level constantly.
Environmental Impact Assessment on Construction Project and Other Administrative Licenses for Environmental Protection
At present, corresponding environmental impact assessments have been conducted for all construction projects under the control of
the Company in conformity with applicable national and local laws and regulations, and corresponding administrative licenses have
also been obtained.
Contingency Plan for Emergent Environmental Incidents
The Company has formulated and filed corresponding contingency plan for emergent environmental incidents in the environmental
protection agency according to relevant requirements of local environmental protection bureaus. However, such contingency plan


                                                                                                                                        32
BOE Technology Group Co., Ltd.                                                                              Interim Report 2021


consists of comprehensive plan, special plan and on-site disposal plan, and involves various aspects such as waste water, exhaust gas,
hazardous wastes and dangerous chemicals etc. Meanwhile, drills must be conducted regularly.
Self-monitoring Plan
Currently, major pollutant-discharging units subordinated to the Company have worked out corresponding self-monitoring plan
according to relevant requirements put forward by the local environmental protection agency. The self-monitoring plans respectively
formulated by Beijing BOE Display Technology Co., Ltd. and Beijing BOE Optoelectronics Technology Co., Ltd. have been
published via Beijing Environmental Information Disclosure Platform for Enterprises and Institutions and the Company’s official
website.
Administrative penalties imposed for environmental issues during the Reporting Period

 Name       Reason           Case          Result            Influence on production and operation          Rectification measures

N/A        N/A         N/A             N/A             N/A                                                N/A

Other environment information that should be disclosed
No
Other related environment protection information
The Company has set up a "Peak Emission" and "Carbon Neutrality" project team (including leading group, working group) and the
promotion groups of undertakings and organizations to clarify the composition of personnel and organizational responsibilities. The
on-site plant achieves the goal of energy-saving and emission reduction through the operation of the energy management system and
the incentive energy-saving program through refined management on the energy management platform. In the first half of 2021, 299
energy saving and emission reduction projects were carried out, including "CDA Partial Voltage, Voltage Reduction", "FFU Energy
Saving and Speed Reduction", "MAU Frequency Conversion Transformation", "PCW Free Cooling Energy Saving" and others. By
the end of June, about 103 million kWH of electricity and 183,800 cubic meters of natural gas had been saved, equivalent to a
reduction of greenhouse gas emissions by about 63,000 tons of CO2-e.
Meanwhile, in order to cope with the challenges and opportunities brought by carbon trading, BOE Beijing Factory takes the lead in
implementing carbon trading, actively carrying out carbon emission trading, CCER replacement quota and other work, to effecti vely
increase carbon reserves.
BOE fully considers design for recycling, universal design and minimal design of products in the product design stage, adheres to the
green management concept of the full life cycle of products, and follows the principles of minimizing energy and resource
consumption, minimizing the impact on the ecological environment and maximizing the recyclability.
In order to reduce the impact of the logistics transportation process on the environment, BOE and its partners constantly improve the
transportation management system, carry out reasonable layout and planning of transportation stations and routes, improve the
delivery efficiency, and reduce greenhouse gas emissions.


II Social Responsibility

The Company did not take any targeted measures to help people lift themselves out of poverty during the Reporting Period, also no
subsequent plans.




                                                                                                                                     33
                                                         BOE Technology Group Co., Ltd.                                                                                 Interim Report 2021




                                                                     Part VI Significant Events

1. Commitments of the Company’s Actual Controller, Shareholders, Related Parties and Acquirers, as well as the Company Itself and
other Entities Fulfilled in the Reporting Period or Ongoing at the Period-end

√ Applicable □ Not applicable

                                                                                                                                                 Date of
                                                                                  Type of
                   Commitment                            Promisor                                     Details of commitment                    commitment       Term of commitment Fulfillment
                                                                              commitment
                                                                                                                                                making

Commitments made in share reform                -                             -             -                                              -                -                         -

Commitments made in acquisition documents or
                                                -                             -             -                                              -                -                         -
shareholding alteration documents

Commitments made in time of asset restructuring -                             -             -                                              -                -                         -

Commitments made in time of IPO or refinancing -                              -             -                                              -                -                         -

Equity incentive commitments                    -                             -             -                                              -                -                         -

                                                                                            In accordance with the Announcement on
                                                The Chairman of the Board:
                                                                                            the Commitments of not Reducing the
                                                Mr. Chen Yanshun
                                                                                            Shareholding     by    Some       Directors,                    During the term as
                                                Vice Chairman of the Board:
                                                                                            Supervisors and Senior Management (No.:                         director, supervisor or
                                                Mr. Liu Xiaodong Director:
                                                                                            2020-001) disclosed by the Company on 22                        senior manager, and in
                                                Ms. Sun Yun and Mr. Gao       Other                                                        21 February
Other commitments made to minority interests                                                February 2020, some of the Company’s                           six months after the      Ongoing
                                                Wenbao                        commitments                                                  2020
                                                                                            directors, supervisors and senior managers,                     expiration of the term
                                                Supervisor: Mr. Xu
                                                                                            based on their confidence in the Company’s                     (the term determined
                                                Yangping, Mr. He Daopin,
                                                                                            future development and their recognition of                     when taking office).
                                                Mr. Yan Jun and Mr. Teng
                                                                                            the corporate value, promise not to reduce
                                                Jiao
                                                                                            or transfer any shares held in BOE (A
                                                                                                                                                                                                34
                                                              BOE Technology Group Co., Ltd.                                                 Interim Report 2021
                                                      Senior Management: Mr. Yao               shares), not to entrust others to manage
                                                      Xiangjun, Mr. Zhang                      specific shares, not to authorize others to
                                                      Zhaohong, Mr. Zhong                      execute their voting right by means of any
                                                      Huifeng, Ms. Feng Liqiong,               agreement, trust or other arrangements and
                                                      Mr. Xie Zhongdong, Mr.                   not to require the Company to repurchase
                                                      Miao Chuanbin and Mr. Liu                any specific shares during the terms of
                                                      Hongfeng                                 office and within 6 months after their
                                                                                               tenures expire so as to promote the
                                                                                               Company’s continuous, stable and healthy
                                                                                               development and maintain the rights and
                                                                                               interests   of   the   Company    and   all
                                                                                               shareholders. For any newly-added shares
                                                                                               derived from the assignment of rights and
                                                                                               interests including the share donation and
                                                                                               the reserved funds converted into share
                                                                                               capital during the period (corresponding to
                                                                                               the specific shares), they shall still keep
                                                                                               their promises till the commitment period
                                                                                               expires.

Executed on time or not                               Yes

Specific reasons for failing to fulfill commitments
                                                      N/A
on time and plans for next step   (if any)


II Occupation of the Company’s Capital by the Controlling Shareholder or any of Its Related Parties for Non-Operating Purposes

□ Applicable √ Not applicable
No such cases in the Reporting Period.




                                                                                                                                                                   35
                                                          BOE Technology Group Co., Ltd.                  Interim Report 2021
III Irregularities in the Provision of Guarantees

□ Applicable √ Not applicable
No such cases in the Reporting Period.


IV Engagement and Disengagement of Independent Auditor

Are the interim financial statements audited?
□ Yes √ No
The interim financial statements have not been audited.


V Explanations Given by the Board of Directors and the Supervisory Committee Regarding the Independent Auditor's “Modified
Opinion” on the Financial Statements of the Reporting Period

□ Applicable √ Not applicable


VI Explanations Given by the Board of Directors Regarding the Independent Auditor's “Modified Opinion” on the Financial
Statements of Last Year

□ Applicable √ Not applicable


VII Insolvency and Reorganization

□ Applicable √ Not applicable
No such cases in the Reporting Period.


VIII Legal Matters

Significant lawsuits and arbitrations:
√ Applicable □ Not applicable

                                                                                                                                36
                                                                    BOE Technology Group Co., Ltd.                                                                                 Interim Report 2021

                     Involved
    General                                                                                                                                                              Disclosure     Index to disclosed
                     amount       Provision              Progress                                 Decisions and effects                     Execution of decisions
  information                                                                                                                                                               date           information
                   (RMB’0,000)

                                                                               The first instance judgment result: I. The defendant (LETV                                              For details, see
                                                                               Mobile Intelligent Information Technology (Beijing) Co.,                                                Interim Report 2017
                                                                               Ltd.) shall pay the plaintiff (BOE Technology (HK)                                                      of BOE Technology
                                              The judgment of the first
                                                                               Limited) the owed principal USD36,940,476.77 and the                                                    Group Co., Ltd.,
Disputes case of                              instance has taken effect.                                                                    On 24 December 2020,
                                                                               resulting    interests    (regarding       the   principal                                              2017 Annual Report,
sales contract                                BOE     Technology       (HK)                                                                 the     Beijing   No.    3
                                                                               USD12,871,274.5 as the interest basis from 8 September                                                  of BOE Technology
that BOE                                      Limited has submitted the                                                                     Intermediate      People's
                                                                               2016 to 1 March 2017, USD12,144,001.77 from 2 March                                                     Group Co., Ltd.,
Technology                                    Application for Execution                                                                     Court       made        an 29 August
                                                                               2017 to the actual payment day, USD16,172,935 from 13                                                   Interim Report 2018
(HK) Limited                                  to Beijing Municipal High                                                                     Application             for 2017;
                                                                               October 2016 to the actual payment day, USD8,488,690                                                    of BOE Technology
sued LeTV                                     People's    Court.     On   24                                                          Execution that LeTV 24 April 2018;
                                                                           from 10 November 2016 to the actual payment day, and                                                        Group Co., Ltd.,
Mobile                                        December       2020,     the                                                            Mobile        Intelligent
                                                                           US134,850 from 8 December 2016 to the actual payment                                  28 August             2018 Annual Report,
Intelligent                                   Beijing No. 3 Intermediate                                                              Information
                                                                           day; the annual interest rate shall be 6% (365 days) ), as                            2018;                 of BOE Technology
Information                                   People's Court made an                                                                  Technology (Beijing)
                                                                           well as the liquidated damages (regarding the principal                               26 March              Group Co., Ltd.,
Technology                                    Application for Execution                                                               Co., Ltd, and LeTV
                      28,471.43 No                                         USD2,052,248.71 as the basis from 30 April 2017 to 1 July                             2019;                 Interim Report 2019
(Beijing) Co.,                                that      LeTV       Mobile                                                             Holdings       (Beijing)
                                                                           2017, USD2,052,248.71 from May 31, 2017 to July 1,                                    27 August             of BOE Technology
Ltd, LeTV                                     Intelligent     Information                                                             Co., Ltd. had been
                                                                           2017, USD2,052,248.71 from 30 June 2017 to 1 July 2017,                               2019;                 Group Co., Ltd.
Holdings                                      Technology (Beijing) Co.,                                                               included in the list of
                                                                           and USD36,940,476.77 from July 2, 2017 to the actual                                                        2019 Annual Report,
(Beijing) Co.,                                Ltd, and LeTV Holdings                                                                  defaulters, and the 28 April 2020;
                                                                           payment day; the penalty standard was 0.03% per day);                                                       of BOE Technology
Ltd., Le Sai                                  (Beijing) Co., Ltd. had                                                                 court      ruled        to 29 August
                                                                           under the Installment Payment Agreement within 10 days                                                      Group Co., Ltd.,
Mobile                                        been included in the list of                                                            terminate             this 2020; 13 April
                                                                           after the judgment took effect; II. The defendant LETV                                                      Interim Report 2020
Technology                                    defaulters, and the court                                                               enforcement because 2021.
                                                                           Holdings (Beijing) Co., Ltd. shall burden the joint and                                                     of BOE Technology
(Beijing) Co.,                                ruled to terminate this                                                                 the defaulters had no
                                                                           several guarantee for the debt owed by LETV Mobile                                                          Group Co., Ltd., and
Ltd. and Mr.                                  enforcement because the                                                                 property available for
                                                                           Intelligent Information Technology (Beijing) Co., Ltd.                                                      2020 Annual Report,
JiaYueting                                    defaulters had no property                                                              execution.
                                                                           Defined in the judgment (Item I); III. After the Defendant                                                  of BOE Technology
                                              available for execution.
                                                                           LETV Holdings (Beijing) Co., Ltd. burdens the joint and                                                     Group Co.,
                                                                               several guarantee related to Item II, LETV Holdings                                                     Ltd.,disclosed on
                                                                               (Beijing) Co., Ltd. shall have the right to claim                                                       www.cninfo.com.cn.
                                                                                                                                                                                                           37
                                                          BOE Technology Group Co., Ltd.                                                                                   Interim Report 2021
                                                                     compensation from LETV Mobile Intelligent Information
                                                                     Technology (Beijing) Co., Ltd.; IV. The defendant (LETV
                                                                     Mobile Intelligent Information Technology (Beijing) Co.,
                                                                     Ltd.) shall pay the plaintiff (BOE Technology (HK)
                                                                     Limited) the owed principal USD2,459,090.91 and the
                                                                     resulting       interests      (regarding          the     principal
                                                                     USD2,459,090.91 as the interest basis from 27 May 2017 to
                                                                     19 August 2019 with the PBC’s benchmark interest rate for
                                                                     loan   during     the       same     period   as    the    standard;
                                                                     USD2,459,090.91 from 20 August 2019 to the actual
                                                                     payment day with the quoted interest rate of the loan market
                                                                     issued by the national inter-bank offer center as the
                                                                     standard; the year shall have 365 days) under the Purchase
                                                                     Order with the goods payment USD2.75 million; V. Other
                                                                     claims of the plaintiff (BOE Technology (HK) Limited)
                                                                     shall be rejected. If the Defendant LETV Mobile Intelligent
                                                                     Information Technology (Beijing) Co., Ltd. and LETV
                                                                     Holdings (Beijing) Co., Ltd. fails to fulfill their payment
                                                                     obligation as scheduled in the judgment, the Defendant shall
                                                                     pay the double debt interests during the delayed period
                                                                     according to Article 253 of Civil Procedure Law of the
                                                                     People’s Republic of China.

Other legal matters:
√ Applicable □ Not applicable

                                  Involved amount                                                                                                                               Index to disclosed
    General information                                  Provision                Progress              Decisions and effects      Execution of decisions    Disclosure date
                                   (RMB’0,000)                                                                                                                                      information

Litigations for H1 2021
(including carryforwards in               15,216.83 No                      N/A                    N/A                            N/A                       N/A                N/A
previous years )

                                                                                                                                                                                                   38
BOE Technology Group Co., Ltd.   Interim Report 2021




                                                       39
BOE Technology Group Co., Ltd.                                                                          Interim Report 2021


IX Punishments and Rectifications

□ Applicable √ Not applicable
No such cases in the Reporting Period.


X Credit Quality of the Company as well as its Controlling Shareholder and De Facto
Controller

□ Applicable √ Not applicable


XI Major Related-Party Transactions

1. Continuing Related-Party Transactions

□ Applicable √ Not applicable
No such cases in the Reporting Period.


2. Related-Party Transactions Regarding Purchase or Sales of Assets or Equity Interests

□ Applicable √ Not applicable
No such cases in the Reporting Period.


3. Related Transactions Regarding Joint Investments in Third Parties

□ Applicable √ Not applicable
No such cases in the Reporting Period.


4. Amounts Due to and from Related Parties

□ Applicable √ Not applicable
No such cases in the Reporting Period.


5. Transactions with Related Finance Companies, or Finance Companies Controlled by the Company

□ Applicable √ Not applicable
The Company did not make deposits in, receive loans or credit from and was not involved in any other finance business with any
related finance company, finance company controlled by the Company or any other related parties.


6. Other Major Related-Party Transactions

√ Applicable □ Not applicable
Index to the public announcements about the said related-party transactions disclosed

                                  Title of public announcement                              Disclosure date Disclosure website



                                                                                                                              40
BOE Technology Group Co., Ltd.                                                                    Interim Report 2021


Announcement on Involvement in Related-party Transaction for Private Placement of 16 January 2021
                                                                                                     www.cninfo.com.cn
A-shares

Announcement on the Prediction of 2021 Annual Routine Connected Transaction       13 April 2021      www.cninfo.com.cn

Announcement on Involvement in Related-party Transaction for Private Placement of 25 May 2021
                                                                                                     www.cninfo.com.cn
A-shares (Revised)


XII Major Contracts and Execution thereof

1. Entrustment, Contracting and Leases

(1) Entrustment

□ Applicable √ Not applicable
No such cases in the Reporting Period.


(2) Contracting

□ Applicable √ Not applicable
No such cases in the Reporting Period.


(3) Leases

□ Applicable √ Not applicable
No such cases in the Reporting Period.




                                                                                                                        41
                                                             BOE Technology Group Co., Ltd.                                                                                 Interim Report 2021
2. Major Guarantees

√ Applicable □ Not applicable
                                                                                                                                                                                     Unit: RMB'0,000

                                  Guarantees provided by the Company as the parent and its subsidiaries for external parties (exclusive of those for subsidiaries)

                                                                                                                                                                                             Guarantee
                       Disclosure date of                                                                                               Counter                                    Having      for a
                                              Line of         Actual         Actual guarantee       Type of
       Obligor         the guarantee line                                                                          Collateral (if any) guarantee        Term of guarantee          expired    related
                                             guarantee    occurrence date        amount            guarantee
                         announcement                                                                                                   (if any)                                    or not    party or
                                                                                                                                                                                                not

N/A

                                                              Guarantees provided by the Company as the parent for its subsidiaries

                                                                                                                                                                                             Guarantee
                       Disclosure date of                                                                                               Counter                                    Having      for a
                                              Line of         Actual         Actual guarantee       Type of
       Obligor         the guarantee line                                                                          Collateral (if any) guarantee        Term of guarantee          expired    related
                                             guarantee    occurrence date        amount            guarantee
                         announcement                                                                                                   (if any)                                    or not    party or
                                                                                                                                                                                                not

Ordos YuanSheng
                                                                                                                                                   17 March 2017 to 17 March
Optoelectronics      30 November 2016           543,671 15 March 2017                 155,455 Joint-liability    N/A                   N/A                                         Not       Not
                                                                                                                                                   2027
Co., Ltd.

Chengdu BOE
Optoelectronics                                                                                                                                    6 September 2017 to 6
                     24 April 2017            2,228,018 30 August 2017               2,071,497 Joint-liability   N/A                   N/A                                         Not       Not
Technology Co.,                                                                                                                                    September 2029
Ltd.

Chengdu BOE
Optoelectronics                                                                                                                                    Opening date of the letter of
                     24 April 2017              450,000 31 July 2017                    91,850 Joint-liability   N/A                   N/A                                         Not       Not
Technology Co.,                                                                                                                                    guarantee to 25 May 2027
Ltd.
                                                                                                                                                                                                       42
                                                      BOE Technology Group Co., Ltd.                                                            Interim Report 2021

Chongqing BOE
Optoelectronics                                    29 September                                                         5 November 2014 to 5
                    28 July 2014       1,376,225                            127,371 Joint-liability   N/A   N/A                                         Not   Not
Technology Co.,                                    2014                                                                 November 2024
Ltd.

                                                                                                            The
                                                                                                            secured
                                                                                                            party
Hefei BOE Display
                                                                                                            provides a 7 September 2017 to 7
Technology Co.,     30 November 2016   1,620,572 30 August 2017           1,234,084 Joint-liability   N/A                                               Not   Not
                                                                                                            counter     September 2027
Ltd.
                                                                                                            guarantee
                                                                                                            for the
                                                                                                            guarantor

Fuzhou BOE
Optoelectronics                                    8 November                                                           19 December 2016 to 19
                    9 December 2015    1,295,698                            639,839 Joint-liability   N/A   N/A                                         Not   Not
Technology Co.,                                    2016                                                                 December 2026
Ltd.

Fuzhou BOE
                                                                                                                        Opening date of the letter of
Optoelectronics                                    8 November
                    9 December 2015     300,000                              48,000 Joint-liability   N/A   N/A         guarantee to 24 September Not         Not
Technology Co.,                                    2016
                                                                                                                        2025
Ltd.

                                                                                                            The
                                                                                                            secured
                                                                                                            party
Mianyang BOE
                                                   18 September                                             provides a 26 September 2018 to 26
Optoelectronics     18 May 2018        2,064,573                          1,885,662 Joint-liability   N/A                                               Not   Not
                                                   2018                                                     counter     September 2031
Co., Ltd.
                                                                                                            guarantee
                                                                                                            for the
                                                                                                            guarantor


                                                                                                                                                                      43
                                                      BOE Technology Group Co., Ltd.                                                             Interim Report 2021

                                                                                                            The
                                                                                                            secured
                                                                                                            party
Mianyang BOE                                                                                                             Opening date of the letter of
                                                                                                            provides a
Optoelectronics    18 May 2018          460,000 22 June 2018                137,000 Joint-liability   N/A                guarantee to 6 November         Not   Not
                                                                                                            counter
Co., Ltd.                                                                                                                2027
                                                                                                            guarantee
                                                                                                            for the
                                                                                                            guarantor

                                                                                                            The
                                                                                                            secured
                                                                                                            party
Chongqing BOE
                                                   29 December                                              provides a 31 December 2020 to 31
Display Technology 27 April 2020       1,975,927                            759,829 Joint-liability   N/A                                                Not   Not
                                                   2020                                                     counter      December 2033
Co., Ltd.
                                                                                                            guarantee
                                                                                                            for the
                                                                                                            guarantor

                                                                                                            The
                                                                                                            secured
Wuhan BOE                                                                                                   party
Optoelectronics                                                                                             provides a 23 August 2019 to 23
                   25 March 2019       1,952,865 16 August 2019             861,810 Joint-liability   N/A                                                Not   Not
Technology Co.,                                                                                             counter      August 2032
Ltd.                                                                                                        guarantee
                                                                                                            for the
                                                                                                            guarantor

                                                                                                            The
Nanjing BOE                                                                                                 secured
                                                                                                                         12 May 2021 to 31 May
Optoelectronics    23 September 2020    180,000 12 May 2021                 135,000 Joint-liability   N/A   party                                        Not   Not
                                                                                                                         2027
Co., Ltd.                                                                                                   provides a
                                                                                                            counter

                                                                                                                                                                       44
                                                            BOE Technology Group Co., Ltd.                                                                                     Interim Report 2021
                                                                                                                                           guarantee
                                                                                                                                           for the
                                                                                                                                           guarantor

                                                                                                                                           The
                                                                                                                                           secured
                                                                                                                                           party
Nanjing BOE
                                                                                                                                           provides a 12 May 2021 to 6 June
Optoelectronics      23 September 2020         120,000 12 May 2021                     120,000 Joint-liability          N/A                                                         Not       Not
                                                                                                                                           counter      2026
Co., Ltd.
                                                                                                                                           guarantee
                                                                                                                                           for the
                                                                                                                                           guarantor

                                                                                                                                           The
                                                                                                                                           secured
                                                                                                                                           party
Chengdu BOE                                                                                                                                provides a 15 June 2020 to 30 June
                     27 April 2020             240,000 15 June 2020                    115,309 Joint-liability          N/A                                                         Not       Not
Hospital Co., Ltd.                                                                                                                         counter      2042
                                                                                                                                           guarantee
                                                                                                                                           for the
                                                                                                                                           guarantor

                                                                           Total    actual   amount      of      such
Total approved line for such guarantees in
                                                                       0 guarantees in the Reporting Period                                                                                   -1,235,976
the Reporting Period (B1)
                                                                           (B2)

                                                                           Total    actual   balance     of      such
Total approved line for such guarantees at
                                                              14,807,549 guarantees at the end of the                                                                                         8,382,705
the end of the Reporting Period (B3)
                                                                           Reporting Period (B4)

                                                                           Guarantees provided between subsidiaries
                                                                                                                                            Counter
                      Disclosure date of      Line of        Actual        Actual guarantee            Type of                                                                      Having Guarantee
      Obligor                                                                                                           Collateral (if any) guarantee      Term of guarantee
                      the guarantee line     guarantee   occurrence date           amount          guarantee                                                                        expired      for a
                                                                                                                                            (if any)
                                                                                                                                                                                                         45
                                                  BOE Technology Group Co., Ltd.                                                      Interim Report 2021
                       announcement                                                                                                         or not    related
                                                                                                                                                      party or
                                                                                                                                                        not

Guangtai Solar
                                               20 December                                                    20 December 2017 to 6
Energy Technology N/A                  5,450                              3,773 Joint-liability   N/A   N/A                                Not       Not
                                               2017                                                           April 2029
(Suzhou) Co., Ltd.

Huanda Trading       N/A                                                                                      15 June 2017 to 16 March
                                      14,600 24 May 2017                  9,197 Joint-liability   N/A   N/A                                Not       Not
(Hebei) Co., Ltd.                                                                                             2031

Yangyuan             N/A
Photovoltaic Power
                                               30 September                                                   30 September 2020 to 30
Generation                             3,800                              3,766 Joint-liability   N/A   N/A                                Not       Not
                                               2020                                                           September 2034
(Huanggang) Co.,
Ltd.

Yaoguang New         N/A
Energy                                         30 September                                                   30 September 2020 to 30
                                       3,600                              3,568 Joint-liability   N/A   N/A                                Not       Not
(Shouguang) Co.,                               2020                                                           September 2034
Ltd.

Suzhou Industrial    N/A
Park Taijing                                   30 September                                                   30 September 2020 to 30
                                       2,800                              2,775 Joint-liability   N/A   N/A                                Not       Not
Photovoltaic Co.,                              2020                                                           September 2034
Ltd.

Qingmei Solar        N/A
                                               30 September                                                   30 September 2020 to 30
Energy Technology                      3,300                              3,137 Joint-liability   N/A   N/A                                Not       Not
                                               2020                                                           September 2034
(Lishui) Co., Ltd.

Qinghong Solar       N/A
                                               30 September                                                   30 September 2020 to 30
Energy Technology                      1,700                              1,616 Joint-liability   N/A   N/A                                Not       Not
                                               2020                                                           September 2034
(Jinhua) Co., Ltd.

Qinghui Solar        N/A               1,100 30 September                 1,046 Joint-liability   N/A   N/A   30 September 2020 to 30      Not       Not
                                                                                                                                                              46
                                       BOE Technology Group Co., Ltd.                                                   Interim Report 2021
Energy Technology                   2020                                                           September 2034
(Jinhua) Co., Ltd.

Hefei Hexu            N/A
                                    30 September                                                   30 September 2020 to 30
Technology Co.,              400                                 396 Joint-liability   N/A   N/A                             Not     Not
                                    2020                                                           September 2034
Ltd.

Hefei Chenneng        N/A
                                    30 September                                                   30 September 2020 to 30
Technology Co.,              800                                 793 Joint-liability   N/A   N/A                             Not     Not
                                    2020                                                           September 2034
Ltd.

Rongke New            N/A
                                    18 December                                                    18 December 2017 to 18
Energy (Hefei) Co.,         1,400                              1,175 Joint-liability   N/A   N/A                             Not     Not
                                    2017                                                           December 2032
Ltd.

Tianchi New           N/A
                                    18 December                                                    18 December 2017 to 18
Energy (Hefei) Co.,         1,100                                920 Joint-liability   N/A   N/A                             Not     Not
                                    2017                                                           December 2032
Ltd.

Qinghao Solar         N/A
                                    18 December                                                    18 December 2017 to 18
Energy Technology            890                                 717 Joint-liability   N/A   N/A                             Not     Not
                                    2017                                                           December 2032
(Jinhua) Co., Ltd.

Xiangqing Solar       N/A
Energy Technology                   18 December                                                    18 December 2017 to 18
                            3,476                              2,378 Joint-liability   N/A   N/A                             Not     Not
(Dongyang) Co.,                     2017                                                           December 2032
Ltd

Qingyue Solar         N/A
                                    18 December                                                    18 December 2017 to 18
Energy Technology            960                                 657 Joint-liability   N/A   N/A                             Not     Not
                                    2017                                                           December 2032
(Wuyi) Co., Ltd

Qingyou Solar         N/A
                                    18 December                                                    18 December 2017 to 18
Energy Technology           2,210                              1,801 Joint-liability   N/A   N/A                             Not     Not
                                    2017                                                           December 2032
(Longyou) Co., Ltd


                                                                                                                                              47
                                        BOE Technology Group Co., Ltd.                                                                 Interim Report 2021

Qingfan Solar         N/A
                                     18 December                                                               18 December 2017 to 18
Energy Technology            1,855                              1,269 Joint-liability   N/A              N/A                                Not     Not
                                     2017                                                                      December 2032
(Quzhou) Co., Ltd

Anhui BOE Energy N/A                 27 December                                                               27 December 2017 to 27
                            13,575                             10,945 Joint-liability   N/A              N/A                                Not     Not
Investment Co., Ltd                  2017                                                                      December 2032

Taihang Electric      N/A
                                                                                                               3 December 2020 to 3
Power Technology              300 3 December 2020                 291 Joint-liability   N/A              N/A                                Not     Not
                                                                                                               December 2034
(Ningbo) Co., Ltd

Guoji Energy          N/A                                                                                      3 December 2020 to 3
                             1,800 3 December 2020              1,746 Joint-liability   N/A              N/A                                Not     Not
(Ningbo) Co., Ltd.                                                                                             December 2034

Hongyang Solar        N/A
Energy Power                                                                                                   3 December 2020 to 3
                             2,500 3 December 2020              2,425 Joint-liability   N/A              N/A                                Not     Not
Generation (Anji)                                                                                              December 2034
Co., Ltd.

Ke’en Solar Energy N/A
Power Generation                                                                                               3 December 2020 to 3
                             1,600 3 December 2020              1,552 Joint-liability   N/A              N/A                                Not     Not
(Pingyang) Co.,                                                                                                December 2034
Ltd.

Dongze                N/A
Photovoltaic Power
                                                                                                               3 December 2020 to 3
Generation                   1,400 3 December 2020              1,358 Joint-liability   N/A              N/A                                Not     Not
                                                                                                               December 2034
(Wenzhou) Co.,
Ltd.

Aifeisheng            N/A
Investment and                                                                                                 3 December 2020 to 3
                              700 3 December 2020                 679 Joint-liability   N/A              N/A                                Not     Not
Management                                                                                                     December 2034
(Wenzhou) Co, Ltd.

Beijing BOE           N/A   12,800 23 October 2017             12,505 Pledge            Charging right   N/A   24 October 2017 to 23        Not     Not
                                                                                                                                                             48
                                                          BOE Technology Group Co., Ltd.                                                                         Interim Report 2021
Energy Technology                                                                                                                        October 2032
Co., Ltd.

Beijing BOE            N/A
                                                                                                                                         26 September 2018 to 21
Energy Technology                             20,560 15 August 2018                   16,400 Pledge               Charging right   N/A                                Not     Not
                                                                                                                                         December 2032
Co., Ltd.

Beijing BOE            N/A
                                                       28 November                                                                       1 December 2017 to 1
Energy Technology                             25,418                                  22,318 Pledge               Charging right   N/A                                Not     Not
                                                       2017                                                                              December 2032
Co., Ltd.

Hengchuang New         N/A
                                                                                                                                         31 January 2018 to 31
Energy Technology                              6,892 31 January 2018                   5,521 Joint-liability      N/A              N/A                                Not     Not
                                                                                                                                         January 2033
(Hong’an) Co., Ltd.

Anhui BOE Energy N/A
                                                                                                                                         25 April 2018 to 25 April
Investment Co.,                                2,060 25 April 2018                     1,742 Joint-liability      N/A              N/A                                Not     Not
                                                                                                                                         2033
Ltd.

Junlong New            N/A
                                                                                                                                         25 April 2018 to 25 April
Energy Technology                              8,459 25 April 2018                     7,152 Joint-liability      N/A              N/A                                Not     Not
                                                                                                                                         2033
(Huaibin) Co., Ltd.

Shaoxing               N/A
                                                       13 December                                                                       13 December 2018 to 12
Guangnian New                                 16,000                                  15,078 Joint-liability      N/A              N/A                                Not     Not
                                                       2018                                                                              December 2033
Energy Co., Ltd.

Shaoxing Xuhui         N/A
                                                       13 December                                                                       13 December 2018 to 12
New Energy Co.,                                4,500                                   4,241 Joint-liability      N/A              N/A                                Not     Not
                                                       2018                                                                              December 2033
Ltd.

Hefei BOE Hospital                                                                                                                       27 April 2018 to 27 April
                       27 April 2018         130,000 27 April 2018                   110,500 Joint-liability      N/A              N/A                                Not     Not
Co., Ltd.                                                                                                                                2036

Total approved line for such guarantees in                                Total   actual   amount     of   such
                                                                      0                                                                                                             1,411
the Reporting Period (C1)                                                 guarantees in the Reporting Period


                                                                                                                                                                                       49
                                                             BOE Technology Group Co., Ltd.                              Interim Report 2021
                                                                              (C2)

                                                                              Total    actual    balance   of    such
Total approved line for such guarantees at
                                                                   298,005 guarantees at the end of the                                 253,435
the end of the Reporting Period (C3)
                                                                              Reporting Period (C4)

Total guarantee amount (total of the three kinds of guarantees above)

Total guarantee line approved in the Reporting                                Total actual guarantee amount in the
                                                                          0                                                           -1,234,565
Period (A1+B1+C1)                                                             Reporting Period (A2+B2+C2)

                                                                              Total actual guarantee balance at the
Total approved guarantee line at the end of the
                                                                15,105,554 end        of   the   Reporting      Period                 8,636,140
Reporting Period (A3+B3+C3)
                                                                              (A4+B4+C4)

Total actual guarantee amount (A4+B4+C4) as % of the Company’s net
                                                                                                                                         77.15%
assets

Of which:

Balance of guarantees provided for shareholders, actual controller and
                                                                                                                                               0
their related parties (D)

Balance of debt guarantees provided directly or indirectly for obligors
                                                                                                                                          46,583
with an over 70% debt/asset ratio (E)

Amount by which the total guarantee amount exceeds 50% of the
                                                                                                                                       3,038,841
Company’s net assets (F)

Total of the three amounts above (D+E+F)                                                                                               3,038,841

Joint responsibilities possibly borne or already borne in the Reporting
                                                                              N/A
Period for undue guarantees (if any)

Provision of external guarantees in breach of the prescribed procedures (if
                                                                              N/A
any)

Compound guarantees
None

                                                                                                                                               50
BOE Technology Group Co., Ltd.                                                                               Interim Report 2021




3. Cash Entrusted for Wealth Management

√ Applicable □ Not applicable
                                                                                                                     Unit: RMB'0,000

                                                                                                                  Overdue amount
                                                               Amount                              Overdue
          Specific type              Capital resources                        Undue balance                       with provision for
                                                               incurred                            amount
                                                                                                                     impairment

Bank financial products and
                                  Self-owned funds                  501,500           261,000                 0                        0
structured deposit

Total                                                               501,500           261,000                 0                        0

Note: Amount incurred refers to the maximum balance of cash entrusted for wealth management in the single day during the
Reporting Period
Particulars of entrusted cash management with single significant amount or low security, bad liquidity, and no capital preservation
□ Applicable √ Not applicable
Whether there is the case where the principal cannot be recovered at maturity or other case which may cause impairment for
entrusted asset management
□ Applicable √ Not applicable


4. Continuing Major Contracts

□ Applicable √ Not applicable


5. Other Major Contracts

□ Applicable √ Not applicable
No such cases in the Reporting Period.


XIII Other Significant Events

√ Applicable □ Not applicable
1. On 18 October 2019, the Company disclosed the Announcement on the Company’s Application for CSRC’s Approval for its Public
Issue of Renewable Corporate Bonds (Announcement No. 2019-052), and the Company received the No. [2019] 1801 Approval from
CSRC. Based on the approval, the Company could publicly issue the renewable corporate bonds with the nominal value no more than
RMB30 billion to qualified investors. The Company publicly issued renewable corporate bonds (to qualified investors) (the first issue)
(“19BOEY1” for short; Code: 112741) in 2019 with the issue term from 28 October 2019 to 29 October 2019, the issuing scale of
RMB8 billion and the bonds’ ultimate nominal interest rate of 4.0%. The Company publicly issued renewable corporate bonds (to
qualified investors) (the first issue) (epidemic prevention and control bonds) (“20BOEY1” for short; Code: 149046) in 2020 with the
issue term from 27 February 2020 to 28 February 2020, the issuing scale of RMB2 billion and the bonds’ ultimate nominal interest of
3.64%. The Company publicly issued the renewable corporate bonds (to qualified investors) (the second issue) (epidemic prevention
and control bonds) (“20BOEY2” for short; Code: 149065) in 2020 with the issue term from 18 March 2020 to 19 March 2020, the
issuing scale of RMB2 billion and the bonds’ ultimate nominal interest of 3.54%. The Company publicly issued the renewable
corporate bonds (to qualified investors) (the third issue) (epidemic prevention and control bonds) (“20BOEY3” for short; Code:

                                                                                                                                       51
BOE Technology Group Co., Ltd.                                                                               Interim Report 2021


149108) in 2020 with the issue term from 24 April 2020 to 27 April 2020, the issuing scale of RMB2 billion and the bonds’ ultimate
nominal interest of 3.50%.The Company disclosed 2020 "19BOEY1" Interest Payment Announcement (Announcement No. 2020-065)
on 22 October 2020. BOE Public Issuance of Renewable Corporate Bonds (to Qualified Investors) (the First Issue) in 2019 was one
year old until 29 October 2020. According to the regulations, interest will be paid once a year during the interest-bearing period. The
interest payment plan is RMB40.00 (including tax) per 10 bonds. The Company disclosed 2021 "20BOEY1" Interest Payment
Announcement (Announcement No. 2021-016) on 23 February 2021. BOE Public Issuance of Renewable Corporate Bonds (to
Qualified Investors) (the First Issue) (epidemic prevention and control bonds) in 2020 was one year old until 27 February 2021.
According to the regulations, interest will be paid once a year during the interest-bearing period. The interest payment plan is
RMB36.40 (including tax) per 10 bonds. The Company disclosed 2021 "20BOEY2" Interest Payment Announcement (Announcement
No. 2021-018) on 17 March 2021. BOE Public Issuance of Renewable Corporate Bonds (to Qualified Investors) (the Second Issue)
(pandemic prevention and control bonds) in 2020 was one year old until 18 March 2021. According to the regulations, interest will be
paid once a year during the interest-bearing period. The interest payment plan is RMB35.40 (including tax) per 10 bonds. The
Company disclosed 2021 "20BOEY3" Interest Payment Announcement (Announcement No. 2021-035) on 23 April 2021. BOE
Public Issuance of Renewable Corporate Bonds (to Qualified Investors) (the Third Issue) (pandemic prevention and control bonds) in
2020 was one year old until 27 April 2021. According to the regulations, interest will be paid once a year during the interest-bearing
period. The interest payment plan is RMB35.00 (including tax) per 10 bonds.
2. The Company’s wholly-owned subsidiary BOE Technology (HK) Limited filed a lawsuit on the sales contract dispute to the
superior people’s court in Beijing, and the defendants included LETV Mobile Intelligent Information Technology (Beijing) Co., Ltd.
(hereinafter referred to as “LETV Mobile”), LETV Holdings (Beijing) Co., Ltd., Le Sai Mobile Technology (Beijing) Co., Ltd. and
Jia Yueting with the claimed amount of USD41.84 million in total. However, Beijing Municipal Superior People’s Court respectively
issued the Notice of Acceptance and the Civil Ruling Paper on Property Preservation on July 6, 2017 and July 31, 2017. LETV
Mobile ever put forward the jurisdiction objection to Beijing Municipal Superior People’s Court, which was rejected, and then
launched a lawsuit on the judgment of the jurisdiction objection to the Supreme People’s Court. Finally, the Supreme People’s Court
made the final ruling, rejected the appeal of LETV Mobile and affirmed the original judgment. On 8 March 2019, the first hearing
was held in Beijing Municipal Superior People’s Court. On 19 February 2020, Beijing Municipal Superior People’s Court issued the
first instance judgment:
(1) The defendant (LETV Mobile Intelligent Information Technology (Beijing) Co., Ltd.) shall pay the plaintiff (BOE Technolog y
(HK) Limited) the owed principal USD36,940,476.77 and the resulting interests (regarding the principal USD12,871,274.5 as the
interest basis from 8 September 2016 to 1 March 2017, USD12,144,001.77 from 2 March 2017 to the actual payment day,
USD16,172,935 from October 13, 2016 to the actual payment day, USD8,488,690 from November 10, 2016 to the actual payment
day, and US134,850 from 8 December 2016 to the actual payment day; the annual interest rate shall be 6% (365 days)), as well as the
liquidated damages (regarding the principal USD2,052,248.71 as the basis from 30 April 2017 to 1 July 2017, USD2,052,248.71
from 31 May 2017 to 1 July 2017, USD2,052,248.71 from 30 June 2017 to 1 July 2017, and USD36,940,476.77 from 2 July 2017 to
the actual payment day; the penalty standard was 0.03% per day); under the Installment Payment Agreement within 10 days after the
judgment took effect;
(2) The defendant LETV Holdings (Beijing) Co., Ltd. shall burden the joint and several guarantee for the debt owed by LETV
Mobile Intelligent Information Technology (Beijing) Co., Ltd. Defined in the judgment (Item I);
(3) After the Defendant LETV Holdings (Beijing) Co., Ltd. burdens the joint and several guarantee related to Item II, LETV
Holdings (Beijing) Co., Ltd. shall have the right to claim compensation from LETV Mobile Intelligent Information Technology
(Beijing) Co., Ltd.;
(4) The defendant(LETV Mobile Intelligent Information Technology (Beijing) Co., Ltd.) shall pay the plaintiff (BOE Technology
(HK) Limited) the owed principal USD2,459,090.91 and the resulting interests (regarding the principal USD2,459,090.91 as the
interest basis from 27 May 2017 to 19 August 2019 with the PBC’s benchmark interest rate for loan during the same period as the
standard; USD2,459,090.91 from August 20, 2019 to the actual payment day with the quoted interest rate of the loan market issued

                                                                                                                                    52
BOE Technology Group Co., Ltd.                                                                              Interim Report 2021


by the national inter-bank offer center as the standard; the year shall have 365 days) under the Purchase Order with the goods
payment USD2.75 million;
(5) Other claims of the plaintiff (BOE Technology (HK) Limited) shall be rejected.
If the defendant LETV Mobile Intelligent Information Technology (Beijing) Co., Ltd. and LETV Holdings (Beijing) Co., Ltd. fails to
fulfill their payment obligation as scheduled in the judgment, the Defendant shall pay the double debt interests during the delayed
period according to Article 253 of Civil Procedure Law of the People’s Republic of China.
The litigation fee was RMB1,465,371.63, of which, RMB5,371.63 shall be paid by the plaintiff BOE Technology (HK) Limited
(already paid), and RMB1.46 million shall be jointly burdened by LETV Mobile Intelligent Information Technology (Beijing) Co.,
Ltd. and LETV Holdings (Beijing) Co., Ltd. (payment within 7 days after the judgment took effect); the preservation fee was
RMB5000, which shall be jointly burdened by LETV Mobile Intelligent Information Technology (Beijing) Co., Ltd. and LETV
Holdings (Beijing) Co., Ltd. (payment within 7 days after the judgment took effect).
On 17 March 2020, BOE Technology (HK) Limited received the petition for appeal submitted by LETV Holdings (Beijing) Co., Ltd.
to the court. LETV Holdings (Beijing) Co., Ltd. failed to pay the fee for the appeal it had instituted. The Supreme People’s Court
made the judgment that the case was treated as that the appellant LeTV Holdings (Beijing) Co., Ltd. automatically withdrew the
appeal on 8 July 2020. And the judgment of the first instance will take effect since the date when the written order is served. BOE
Technology (HK) Limited has submitted the Application for Execution to Beijing High People’s Court and the court has accepted the
execution application. On 24 December 2020, the Beijing No. 3 Intermediate People's Court made an Application for Execution that
LeTV Mobile Intelligent Information Technology (Beijing) Co., Ltd, and LeTV Holdings (Beijing) Co., Ltd. had been included in the
list of defaulters, and the court ruled to terminate this enforcement because the defaulters had no property available for ex ecution.
The Company has calculated corresponding bad-debt provision for the account receivables equaling the above-mentioned claimed
amount according to the accounting standards, which has uncertain influence on the Company.
3. On 16 January 2021, the Company disclosed the Announcement on the Resolution of the 21st Meeting of the 9th Board of Directors
(Announcement No. 2021-001) and the Plan for Non-Public Offering of A-Shares in 2021, and other related announcements, in which
the Company intends to make a non-public offering of A-shares to no more than 35 specific investors including Jing Guorui Fund. The
net fund raised was expected to be no more than 2 million. The raised funds will be used for "acquisition of 24.06% equity of Wuhan
BOE Optoelectronics Technology Co., Ltd.", "capital increase to Chongqing BOE Display Technology Co., Ltd. and construction of its
Gen-6 AMOLED (flexible) production line project", "capital increase to Yunnan Chuangshijie Optoelectronics Technology Co., Ltd.
and construction of its 12-inch silicon OLED project", "capital increase to Chengdu BOE Hospital and construction of Chengdu BOE
Hospital project", "repayment of Fuzhou Urban Construction Investment Group loan" and supplementation of working capital. On 22
June 2021, the Company disclosed the Announcement on the Approval of the Stock Issuance Examination and Verification Committee
of the China Securities Regulatory Commission on the Non-Public Offering of A-Shares (Announcement No. 2021-053), which tells
that the Stock Issuance Examination and Verification Committee of the China Securities Regulatory Commission reviewed the
application of BOE Technology Group Co., Ltd. for the non-public offering of A-shares on 21 June 2021. According to the examination
results of the meeting, the Company's application for the non-public offering of A Shares was approved. On 8 July 2021, the Company
disclosed the Announcement on the Approval of the China Securities Regulatory Commission for the Non-Public Offering of A-Shares
(Announcement No. 2021-054), which tells that the Company received the Reply on Approval of the Non-Public Offering of Shares by
BOE Technology Group Co., Ltd. (ZH.J.X.K. [2021] No. 2277) issued by the China Securities Regulatory Commission on 7 July 2021.
On 19 August 2021, the Company disclosed the Report on the Non-public Offering of A-shares by BOE Technology Group Co., Ltd. &
the Announcement on the Listing of these Shares (announcement No. 2021-058), along with other relevant announcements.
3,650,377,019 new shares were issued in the non-public offering, which were listed on the Shenzhen Stock Exchange on 20 August
2021.
4. On 28 May 2021, the Company disclosed the Announcement on the Implementation of Equity Distribution for the Year 2020
(Announcement No.: 2020-049), which tells that the Company's equity distribution plan for the year 2020 has been examined and
approved at the 2020 Annual General Meeting held on 18 May 2021. In the year 2020, the Company distributed profit to all

                                                                                                                                   53
BOE Technology Group Co., Ltd.                                                                           Interim Report 2021


shareholders at a rate of RMB1.00 per 10 shares, based on the deduction of the total capital of 34,770,212,630 shares held by the
Company through the buy-back account (wherein, the profit of B shares was paid by converting RMB into HKD at the central rate of
the exchange of RMB into HKD published by People's Bank of China on the first business day after the resolution of the General
Meeting of the Company), and the Company did not give any bonus shares or increase the capital by the provident fund.

                                                                                                         Index to disclosure website
                           Overview of significant events                            Disclosure date
                                                                                                             for interim report

Announcement on Intention to Purchasing Some Equity of the Subsidiary Wuhan 16 January 2021
                                                                                                       www.cninfo.com.cn
BOE Optoelectronics Technology Co., Ltd.

Announcement on Being Transferred Some Equity of Mianyang BOE
                                                                                  27 January 2021      www.cninfo.com.cn
Optoelectronics Technology Co., Ltd.

Announcement on Investing the Production Line Expansion of Advanced
                                                                                  23 March 2021        www.cninfo.com.cn
Generation TFT-LCD by Wuhan BOE Optoelectronics Technology Co., Ltd.


XIV Significant Events of Subsidiaries

□ Applicable √ Not applicable




                                                                                                                                  54
                                                         BOE Technology Group Co., Ltd.                                                                     Interim Report 2021




                                            Part VII Share Changes and Shareholder Information

I Share Changes

1. Share Changes

                                                                                                                                                                           Unit: share

                                                      Before                                        Increase/decrease (+/-)                                      After
                  Item                                                                                  Bonus issue
                                             Number            Percentage   New issues   Bonus shares                     Other          Subtotal       Number           Percentage
                                                                                                        from profit

I. Restricted shares                          325,345,611           0.93%            0              0                 0       -493,400      -493,400     324,852,211           0.93%

1. Shares held by the state                               0         0.00%            0              0                 0             0               0              0           0.00%

2.   Shares    held      by   state-owned
                                                          0         0.00%            0              0                 0             0               0              0           0.00%
corporations

3. Shares held by other domestic
                                              297,364,411           0.85%            0              0                 0       -493,400      -493,400     296,871,011           0.85%
investors

Among which: Shares held by domestic
                                                          0         0.00%            0              0                 0             0               0              0           0.00%
corporations

                 Shares held by domestic
                                              297,364,411           0.85%            0              0                 0       -493,400      -493,400     296,871,011           0.85%
individuals

4. Shares held by foreign investors            27,981,200           0.08%            0              0                 0             0               0     27,981,200           0.08%

Among which: Shares held by foreign
                                                          0         0.00%            0              0                 0             0               0              0           0.00%
corporations

                  Shares held by foreign
                                               27,981,200           0.08%            0              0                 0             0               0     27,981,200           0.08%
individuals

                                                                                                                                                                                   55
                                                             BOE Technology Group Co., Ltd.                                                                                Interim Report 2021

II. Non-restricted shares                      34,473,053,152          99.07%              0               0               0          493,400         493,400      34,473,546,552           99.07%

1. RMB ordinary shares                         33,536,939,664          96.37%              0               0               0          493,400         493,400      33,537,433,064           96.38%

2. Domestically listed foreign shares             936,113,488           2.69%              0               0               0               0                 0        936,113,488            2.69%

3. Overseas listed foreign shares                            0          0.00%              0               0               0               0                 0                    0          0.00%

4. Other                                                     0          0.00%              0               0               0               0                 0                    0          0.00%

III. Total shares                              34,798,398,763         100.00%              0               0               0               0                 0     34,798,398,763          100.00%

Reasons for share changes:
√ Applicable □ Not applicable
In accordance with the Guidance on Standard Operations of Listed Companies on Shenzhen Stock Exchange, the legal quota of transferable shares for Directors, Supervisors and senior
management of the Company shall be remeasured at the beginning of the year, resulting in a decrease of 493,400 shares in the locked shares of executives.
Approval of share changes:
□ Applicable √ Not applicable
Transfer of share ownership:
□ Applicable √ Not applicable
Progress on any share repurchase:
□ Applicable √ Not applicable
Progress on reducing the repurchased shares by means of centralized bidding:
□ Applicable √ Not applicable
Effects of share changes on the basic and diluted earnings per share, equity per share attributable to the Company’s ordinary shareholders and other financial indicators of the prior year and the
prior accounting period, respectively:
√ Applicable □ Not applicable

                                    Item                                                 January-December 2020                                           January-June 2021

Basic earnings per share (RMB/share)                                                                                           0.13                                                              0.36

Diluted earnings per share (RMB/share)                                                                                         0.13                                                              0.36

                                    Item                                                   31 December 2020                                                 30 June 2021

                                                                                                                                                                                                  56
                                                                  BOE Technology Group Co., Ltd.                                                                                      Interim Report 2021

Equity per share attributable to the Company’s ordinary shareholders                                                                     2.56                                                              2.81

Other information that the Company considers necessary or is required by the securities regulator to be disclosed:
□ Applicable √ Not applicable


2. Changes in Restricted Shares

√ Applicable □ Not applicable
                                                                                                                                                                                                      Unit: Share

                              Restricted shares amount Restricted shares relieved              Restricted shares           Restricted shares amount                                  Restricted shares relieved
Name of the shareholders                                                                                                                                     Restricted reasons
                                   at the period-begin                 of the period         increased of the period           at the period-end                                               date

Locked shares of                                                                                                                                         Adjustment of legal quota
                                                 3,531,811                         493,400                             0                     3,038,411                               4 January 2021
executives                                                                                                                                               for transferable shares

Total                                            3,531,811                         493,400                             0                     3,038,411                --                         --


II Issuance and Listing of Securities

√ Applicable □ Not applicable

   Name of Stock and
                                                         issue price                                                   Approved amount Termination date for
   derivative securities            Issue date                              Issue amount          Listing date                                                         Disclosure index      Disclosure date
                                                         (interest)                                                         for listing             trading
          thereof

Stock

Non-public issued A share         12th Aug. 2021                 5.57          3,650,377,019    20th Aug. 2021               3,650,377,019                          - www.cninfo.com.cn      19th Aug. 2021

Convertible corporate bonds, convertible corporate bonds separately traded and corporate bonds

None

Other derivative securities

None


                                                                                                                                                                                                               57
                                                             BOE Technology Group Co., Ltd.                                                                                 Interim Report 2021
Notes: None


III Shareholders and Their Holdings as at the Period-End

Number of ordinary shareholders at the period-end                                                                    1,448,425 (including 1,410,821 A-shareholders and 37,604 B-shareholders)

                                                              5% or greater ordinary shareholders or top 10 ordinary shareholders

                                                                                                       Increase/decrease        Restricted                                  Shares in pledge, marked
                                                Nature of       Shareholding Total ordinary shares                                                  Unrestricted ordinary
            Name of shareholder                                                                        in the Reporting       ordinary shares                                      or frozen
                                               shareholder       percentage   held at the period-end                                                     shares held
                                                                                                            Period                 held                                        Status          Shares

Beijing State-owned Capital Operation and State-owned legal
                                                                     11.68%           4,063,333,333                       -                     0           4,063,333,333       N/A                     0
Management Center                          person

Hong Kong Securities Clearing Company      Foreign legal                                                                                                                        N/A
                                                                      5.96%           2,072,957,741          25,942,122                         0           2,072,957,741                               0
Ltd.                                       person

Beijing BOE Investment & Development       State-owned legal
                                                                      2.36%             822,092,180                       -                     0             822,092,180       N/A                     0
Co., Ltd.                                  person

                                           State-owned legal                                                                                                                    N/A
Hefei Jianxiang Investment Co., Ltd.                                  1.91%             666,195,772          -64,689,645                        0             666,195,772                               0
                                           person

China Construction Bank-GF Technology
Pioneer Mixed Type Securities Investment   Other                      0.94%             327,197,639          -52,659,138                        0             327,197,639       N/A                     0
Fund

Chongqing Ezcapital Opto-electronics       State-owned legal                                                                                                                    N/A
                                                                      0.94%             326,229,746        -343,726,489                         0             326,229,746                               0
Industry Investment Co., Ltd.              person

Beijing Yizhuang Investment Holdings Co., State-owned legal
                                                                      0.81%             281,295,832          -83,411,066                        0             281,295,832       N/A                     0
Ltd                                        person

                                           State-owned legal                                                                                                                    N/A
Beijing Electronics Holdings Co., Ltd.                                0.79%             273,735,583                       -                     0             273,735,583                               0
                                           person


                                                                                                                                                                                                    58
                                                              BOE Technology Group Co., Ltd.                                                                                Interim Report 2021

                                              State-owned legal
Central Huijin Asset Management Co., Ltd.                                0.71%             248,305,300                     -                   0              248,305,300        N/A                0
                                              person

                                              Foreign legal                                                                                                                      N/A
Norges Bank-Self-Owned Funds                                             0.71%             247,828,253         205,955,853                     0              247,828,253                           0
                                              person

Strategic investors or general corporations
becoming top-ten ordinary shareholders due Naught
to placing of new shares (if any)

                                              1. Beijing State-owned Capital Operation and Management Center held 100% equities of Beijing Electronics Holdings Co., Ltd.
                                              2. Beijing Electronics Holdings Co., Ltd. held 66.25% equities of Beijing BOE Investment & Development Co., Ltd. and was its controlling
                                              shareholder.
                                              3. After the non-public issuing of BOE in 2014, Hefei Jianxiang Investment Co., Ltd. and Chongqing Ezcapital Opto-electronics Industry
                                              Investment Co., Ltd, by entering into Implementation Protocol of Voting Right respectively, agreed to maintain all of the shares held by them
Related or acting-in-concert parties among respectively unanimous with Beijing BOE Investment & Development Co., Ltd. when executing the voting rights of the shareholders.
the shareholders above                        4. After the non-public issuing of the Company in 2014, Beijing State-owned Capital Operation and Management Center handed over 70% of the
                                              shares directly held by it 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 unanimous with Beijing Electronics Holdings Co., Ltd. through the agreement according to Implementation Protocol of Voting Right.
                                              5.Except for the above relationships, the Company does not know any other connected party or acting-in-concert party among the top 10
                                              shareholders.

                                              1. After the non-public issuing of BOE in 2014, Hefei Jianxiang Investment Co., Ltd. and Chongqing Ezcapital Opto-electronics Industry
                                              Investment Co., Ltd, by entering into Implementation Protocol of Voting Right respectively, agreed to maintain all of the shares held by them
Explain if any of the shareholders above respectively unanimous with Beijing BOE Investment & Development Co., Ltd. when executing the voting rights of the shareholders.
was involved in entrusting/being entrusted 2. After the non-public issuing of the Company in 2014, Beijing State-owned Capital Operation and Management Center handed over 70% of the
with voting rights or waiving voting rights   shares directly held by it 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 unanimous with Beijing Electronics Holdings Co., Ltd. through the agreement according to Implementation Protocol of Voting Right.

Special account for share repurchases (if
                                              Naught
any) among the top 10 shareholders

                                                                                                                                                                                                   59
                                                              BOE Technology Group Co., Ltd.                                                                         Interim Report 2021

                                                                   Shareholdings of the top ten unrestricted ordinary shareholders

                                                                                                                                                          Shares by type
            Name of shareholder                              Number of unrestricted ordinary shares held at the period-end
                                                                                                                                                   Type                       Shares

Beijing State-owned Capital Operation and
                                                                                                                         4,063,333,333     RMB ordinary share                     4,063,333,333
Management Center

Hong Kong Securities Clearing Company
                                                                                                                         2,072,957,741     RMB ordinary share                     2,072,957,741
Ltd.

Beijing BOE Investment & Development
                                                                                                                             822,092,180   RMB ordinary share                      822,092,180
Co., Ltd.

Hefei Jianxiang Investment Co., Ltd.                                                                                         666,195,772   RMB ordinary share                      666,195,772

China Construction Bank-GF Technology
Pioneer Mixed Type Securities Investment                                                                                     327,197,639   RMB ordinary share                      327,197,639
Fund

Chongqing     Ezcapital     Opto-electronics
                                                                                                                             326,229,746   RMB ordinary share                      326,229,746
Industry Investment Co., Ltd.

Beijing Yizhuang Investment Holdings Co.,
                                                                                                                             281,295,832   RMB ordinary share                      281,295,832
Ltd

Beijing Electronics Holdings Co., Ltd.                                                                                       273,735,583   RMB ordinary share                      273,735,583

Central Huijin Asset Management Co., Ltd.                                                                                    248,305,300   RMB ordinary share                      248,305,300

Norges Bank-Self-Owned Funds                                                                                                 247,828,253   RMB ordinary share                      247,828,253

                                               1. Beijing State-owned Capital Operation and Management Center held 100% equities of Beijing Electronics Holdings Co., Ltd.
Related or acting-in-concert parties among 2. Beijing Electronics Holdings Co., Ltd. held 66.25% equities of Beijing BOE Investment & Development Co., Ltd. and was its controlling
top 10 unrestricted ordinary shareholders, as shareholder.
well as between top 10 unrestricted ordinary 3. After the non-public issuing of BOE in 2014, Hefei Jianxiang Investment Co., Ltd. and Chongqing Ezcapital Opto-electronics Industry
shareholders and top 10 shareholders           Investment Co., Ltd., by entering into Implementation Protocol of Voting Right respectively, agreed to maintain all of the shares held by them
                                               respectively unanimous with Beijing BOE Investment & Development Co., Ltd. when executing the voting rights of the shareholders.

                                                                                                                                                                                            60
                                                              BOE Technology Group Co., Ltd.                                                                                      Interim Report 2021
                                              4. After the non-public issuing of the Company in 2014, Beijing State-owned Capital Operation and Management Center handed over 70% of the
                                              shares directly held by it 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 unanimous with Beijing Electronics Holdings Co., Ltd. through the agreement according to Implementation Protocol of Voting Right.
                                              5. Except for the above relationships, the Company does not know any other connected party or acting-in-concert party among the top 10
                                              shareholders.

Top 10 ordinary shareholders involved in
                                              Top 10 ordinary shareholders were not involved in securities margin trading. We are not aware of any shareholder engaging in securities financing.
securities margin trading (if any)

Indicate by tick mark whether any of the top 10 ordinary shareholders or the top 10 unrestricted ordinary shareholders of the Company conducted any promissory repo during the Reporting
Period.
□ Yes √ No
No such cases in the Reporting Period.


IV Change in Shareholdings of Directors, Supervisors and Senior Management

√ Applicable □ Not applicable

                                                                                                                                                                    Restricted shares     Restricted shares
                                                                    Beginning Increase in the Decrease in the          Ending           Restricted shares granted
                                                                                                                                                                     granted in the        granted at the
    Name                   Office title        Incumbent/Former shareholding         Reporting       Reporting       shareholding       at the period-beginning
                                                                                                                                                                    Reporting Period         period-end
                                                                      (share)       Period (share) Period (share)      (share)                   (share)
                                                                                                                                                                        (share)                (share)

                Chairman of the Board,
Chen Yanshun Chief of Executive                Incumbent              2,900,000                  0               0       2,900,000                     2,000,000                      0           2,000,000
                Committee

Pan Jinfeng     Vice Chairman of the Board Incumbent                            0                0               0                  0                          0                      0                       0

                Vice Chairman of the Board,
Liu Xiaodong President, Vice Chairman of Incumbent                    2,480,000                  0               0       2,480,000                     1,800,000                      0           1,800,000
                Executive Committee

Wang            Director                       Incumbent                        0                0               0                  0                          0                      0                       0
                                                                                                                                                                                                            61
                                                        BOE Technology Group Co., Ltd.                               Interim Report 2021
Chenyang

Song Jie      Director                      Incumbent                 0              0   0          0           0      0                   0

              Director, member of
              Executive Committee,
Sun Yun                                     Incumbent          1,989,481             0   0   1,989,481   1,500,000     0           1,500,000
              Executive vice president,
              CFO

              Director, member of
              Executive Committee,
Gao Wenbao                                  Incumbent          1,860,700             0   0   1,860,700   1,500,000     0           1,500,000
              Executive vice president,
              CEO of the Display business

Li Yantao     Director                      Incumbent                 0              0   0          0           0      0                   0

Hu Xiaolin    Independent director          Incumbent                 0              0   0          0           0      0                   0

Li Xuan       Independent director          Incumbent                 0              0   0          0           0      0                   0

Tang Shoulian Independent director          Incumbent                 0              0   0          0           0      0                   0

Zhang Xinmin Independent director           Incumbent                 0              0   0          0           0      0                   0

Yang          Chairman of the Supervisory
                                            Incumbent                 0              0   0          0           0      0                   0
Xiangdong     Committee

Xu Tao        Supervisor                    Incumbent                 0              0   0          0           0      0                   0

Wei Shuanglai Supervisor                    Incumbent                 0              0   0          0           0      0                   0

Chen Xiaobei Supervisor                     Incumbent                 0              0   0          0           0      0                   0

Shi Hong      Supervisor                    Incumbent                 0              0   0          0           0      0                   0

Xu Yangping   Employee supervisor           Incumbent            35,000              0   0     35,000           0      0                   0

He Daopin     Employee supervisor           Incumbent            32,600              0   0     32,600           0      0                   0

Yan Jun       Employee supervisor           Incumbent            32,000              0   0     32,000           0      0                   0

Teng Jiao     Employee supervisor           Incumbent            55,200              0   0     55,200           0      0                   0

                                                                                                                                           62
                                                           BOE Technology Group Co., Ltd.                               Interim Report 2021

                Member of Executive
Yao Xiangjun Committee, Executive vice         Incumbent          1,265,000             0   0   1,265,000   1,000,000     0           1,000,000
                president

                Member of Executive
Zhang           Committee, Executive vice
                                               Incumbent          1,498,800             0   0   1,498,800   1,000,000     0           1,000,000
Zhaohong        president, CEO of MLED
                business

                Member of Executive
                Committee, Executive vice
Zhong Huifeng                                  Incumbent          1,310,000             0   0   1,310,000   1,000,000     0           1,000,000
                president, Chief Performance
                Officer

                Member of Executive
Feng Liqiong    Committee, Executive vice      Incumbent          1,360,000             0   0   1,360,000   1,000,000     0           1,000,000
                president, lead counsel

                Member of Executive
Xie             Committee, Senior vice
                                               Incumbent          1,057,000             0   0   1,057,000    750,000      0             750,000
Zhongdong       president, Auditor General,
                Chief Risk Officer

                Member of Executive
Miao
                Committee, vice president,     Incumbent           758,800              0   0    758,800     650,000      0             650,000
Chuanbin
                Chief Culture Officer

                Vice president, Chief Human
Zhang Yu                                       Incumbent           751,600              0   0    751,600     634,000      0             634,000
                Resource Officer

                Vice president, Secretary of
Liu Hongfeng                                   Incumbent          1,024,500             0   0   1,024,500    750,000      0             750,000
                the Board

Wang
                Independent director           Former                    0              0   0          0           0      0                   0
Huacheng


                                                                                                                                              63
                                                            BOE Technology Group Co., Ltd.                                 Interim Report 2021

Total                         --                       --         18,410,681             0   0   18,410,681   13,584,000     0          13,584,000


V Change of the Controlling Shareholder or the De Facto Controller

Change of the controlling shareholder in the Reporting Period
□ Applicable √ Not applicable
No such cases in the Reporting Period.
Change of the de facto controller in the Reporting Period
□ Applicable √ Not applicable
No such cases in the Reporting Period.




                                                                                                                                                 64
BOE Technology Group Co., Ltd.                                       Interim Report 2021




                                       Part VIII Preference Shares

□ Applicable √ Not applicable
No preference shares in the Reporting Period.




                                                                                           65
                                                          BOE Technology Group Co., Ltd.                                                                    Interim Report 2021




                                                                             Part IX Bonds

√ Applicable □ Not applicable


I Enterprise Bonds

□ Applicable √ Not applicable
No enterprise bonds in the Reporting Period.


II Corporate Bonds

√ Applicable □ Not applicable


1. Basic Information of the Corporate Bonds


                                                                                                                 Balance      Coupo
      Bond name              Abbr.    Bond code      Date of issue       Value date               Maturity                                    Way of redemption             Trade place
                                                                                                               (RMB’0,000)   n rate

                                                                                                                                       If the issuer does not execute its
                                                                                                                                       right in the deferred interest
2019 Public Offering of
                                                                                                                                       payment, corresponding
Renewable Corporate
                                                                                                                                       interests shall be paid for this
Bonds       of BOE (for   19BOEY1     112741      28 October 2019    29 October 2019       29 October 2022    8,000,000,000.00 4.00%                                        SZSE
                                                                                                                                       issue of bonds yearly, and the
qualified investors)
                                                                                                                                       last installment of interest shall
(Phase I)
                                                                                                                                       be paid with the redemption of
                                                                                                                                       principal.

2020 Public Offering of                                                                                                                If the issuer does not execute its
                          20BOEY1     149046      27 February 2020   28 February 2020      28 February 2023   2,000,000,000.00 3.64%                                        SZSE
Renewable Corporate                                                                                                                    right in the deferred interest

                                                                                                                                                                                    66
                                                            BOE Technology Group Co., Ltd.                                                                 Interim Report 2021
Bonds    of BOE (for                                                                                                                  payment, corresponding
qualified investors)                                                                                                                  interests shall be paid for this
(Phase I) (epidemic                                                                                                                   issue of bonds yearly, and the
prevention and control                                                                                                                last installment of interest shall
bonds)                                                                                                                                be paid with the redemption of
                                                                                                                                      principal.

                                                                                                                                      If the issuer does not execute its
2020 Public Offering of
                                                                                                                                      right in the deferred interest
Renewable Corporate
                                                                                                                                      payment, corresponding
Bonds    of BOE (for
                                                                                                                                      interests shall be paid for this
qualified investors)      20BOEY2      149065     18 March 2020         19 March 2020        19 March 2023   2,000,000,000.00 3.54%                                        SZSE
                                                                                                                                      issue of bonds yearly, and the
(Phase II) (epidemic
                                                                                                                                      last installment of interest shall
prevention and control
                                                                                                                                      be paid with the redemption of
bonds)
                                                                                                                                      principal.

                                                                                                                                      If the issuer does not execute its
2020 Public Offering of
                                                                                                                                      right in the deferred interest
Renewable Corporate
                                                                                                                                      payment, corresponding
Bonds    of BOE (for
                                                                                                                                      interests shall be paid for this
qualified investors)      20BOEY3      149108     24 April 2020         27 April 2020        27 April 2023   2,000,000,000.00 3.50%                                        SZSE
                                                                                                                                      issue of bonds yearly, and the
(Phase III) (epidemic
                                                                                                                                      last installment of interest shall
prevention and control
                                                                                                                                      be paid with the redemption of
bonds)
                                                                                                                                      principal.

Appropriate arrangement of the investors (if any) Only for the qualified investors

Applicable trade mechanism                        centralized bidding trade and negotiated block trade

Risk of delisting (if any) and countermeasures    Not

Overdue bonds
□ Applicable √ Not applicable



                                                                                                                                                                                  67
BOE Technology Group Co., Ltd.                                                                        Interim Report 2021




2. The Trigger and Execution of the Option Clause of the Issuers or Investors and the Investor Protection
Clause

□ Applicable √ Not applicable


3. Adjustment of Credit Rating Results during the Reporting Period

□ Applicable √ Not applicable


4. Execution and Changes of Guarantee, Repayment Plan and Other Repayment Guarantee Measures as
well as Influence on Equity of Bond Investors during the Reporting Period

□ Applicable √ Not applicable


III Debt Financing Instruments of Non-financial Enterprises

□ Applicable √ Not applicable
No such cases in the Reporting Period.


IV Convertible Corporate Bonds

□ Applicable √ Not applicable
No such cases in the Reporting Period.


V Losses of Scope of Consolidated Financial Statements during the Reporting Period
Exceeding 10% of Net Assets up the Period-end of Last Year

□ Applicable √ Not applicable


VI The Major Accounting Data and the Financial Indicators of the Recent 2 Years of the
Company up the Period-end

                                                                                                             Unit: RMB’0,000

                         Item                             30 June 2021          31 December 2020              Change

Current ratio                                                            1.37                      1.23                  0.14

Debt/asset ratio                                                      57.31%                  59.13%                   -1.82%

Quick ratio                                                              1.15                      1.06                  0.09

                         Item                               H1 2021                 H1 2020                   Change

Net profit after deducting non-recurring profit or loss   11,661,616,772.00           -176,328,585.00                       -

Total debt ratio of EBITDA                                            23.75%                   9.09%                 14.66%

Times interest earned                                                    8.02                      1.27             531.50%



                                                                                                                            68
BOE Technology Group Co., Ltd.                        Interim Report 2021


Times interest earned of cash           12.03      6.03              99.50%

EBITDA-to-interest coverage (times)     14.27      5.37             165.74%

Loan repayment rate                   100.00%   100.00%               0.00%

Interest coverage                     100.00%   100.00%               0.00%




                                                                            69
BOE Technology Group Co., Ltd.                                                                    Interim Report 2021




                                             Part X Financial Statements

I Independent Auditor’s Report

Are these interim financial statements audited by an independent auditor?
□ Yes √ No
The interim financial statements of the Company have not been audited.


II Financial Statements

Currency unit for the financial statements and the notes thereto: RMB


1. Consolidated Balance Sheet

Prepared by BOE Technology Group Co., Ltd.
                                                                                                               Unit: RMB

                                      Item                                  30 June 2021          31 December 2020

Current assets:

   Monetary assets                                                            71,388,786,223.00       73,694,296,095.00

   Settlement reserve                                                                      0.00                      0.00

   Interbank loans granted                                                                 0.00                      0.00

   Held-for-trading financial assets                                           2,654,184,080.00         4,367,201,833.00

   Derivative financial assets                                                             0.00                      0.00

   Notes receivable                                                             174,208,779.00           215,994,373.00

   Accounts receivable                                                        36,105,667,536.00       22,969,140,355.00

   Accounts receivable financing                                                           0.00                      0.00

   Prepayments                                                                 1,060,535,364.00         1,119,595,984.00

   Premiums receivable                                                                     0.00                      0.00

   Reinsurance receivables                                                                 0.00                      0.00

   Receivable reinsurance contract reserve                                                 0.00                      0.00

   Other receivables                                                            700,859,352.00           658,114,833.00

     Including: Interest receivable                                                 859,163.00              2,037,452.00

                  Dividends receivable                                            11,322,356.00             1,842,137.00

   Financial assets purchased under resale agreements                                      0.00                      0.00

   Inventories                                                                23,564,150,328.00       17,875,454,490.00

   Contract assets                                                               42,346,704.00            49,897,395.00


                                                                                                                        70
BOE Technology Group Co., Ltd.                                   Interim Report 2021


  Assets held for sale                                    0.00          186,892,645.00

  Current portion of non-current assets                   0.00                     0.00

  Other current assets                        6,141,435,729.00         7,848,869,252.00

Total current assets                        141,832,174,095.00      128,985,457,255.00

Non-current assets:

  Loans and advances to customers                         0.00                     0.00

  Investments in debt obligations                         0.00                     0.00

  Investments in other debt obligations                   0.00                     0.00

  Long-term receivables                                   0.00                     0.00

  Long-term equity investments                3,455,420,187.00         3,693,170,224.00

  Investments in other equity instruments      543,517,479.00           533,645,423.00

  Other non-current financial assets           606,895,447.00                      0.00

  Investment property                         1,199,068,417.00         1,196,168,511.00

  Fixed assets                              224,483,239,199.00      224,866,586,069.00

  Construction in progress                   42,790,191,160.00       42,575,849,952.00

  Productive living assets                                0.00                     0.00

  Oil and gas assets                                      0.00                     0.00

  Right-of-use assets                          599,237,772.00                      0.00

  Intangible assets                          11,350,958,890.00       11,875,926,448.00

  Development costs                                       0.00                     0.00

  Goodwill                                    1,400,357,242.00         1,400,357,242.00

  Long-term prepaid expense                    612,527,937.00           299,634,100.00

  Deferred income tax assets                     70,100,453.00          205,041,088.00

  Other non-current assets                    6,532,481,355.00         8,624,970,019.00

Total non-current assets                    293,643,995,538.00      295,271,349,076.00

Total assets                                435,476,169,633.00      424,256,806,331.00

Current liabilities:

  Short-term borrowings                       5,893,887,382.00         8,599,569,471.00

  Borrowings from the central bank                        0.00                     0.00

  Interbank loans obtained                                0.00                     0.00

  Held-for-trading financial liabilities                  0.00                     0.00

  Derivative financial liabilities                        0.00                     0.00

  Notes payable                                 385,911,481.00         1,231,533,895.00

  Accounts payable                           34,521,121,643.00       27,164,171,682.00



                                                                                       71
BOE Technology Group Co., Ltd.                                                     Interim Report 2021


  Advances from customers                                        214,642,319.00           124,040,749.00

  Contract liabilities                                          3,513,356,959.00         3,440,720,535.00

  Financial assets sold under repurchase agreements                         0.00                     0.00

  Customer deposits and interbank deposits                                  0.00                     0.00

  Payables for acting trading of securities                                 0.00                     0.00

  Payables for underwriting of securities                                   0.00                     0.00

  Employee benefits payable                                     4,604,350,859.00         3,758,623,797.00

  Taxes payable                                                 2,004,711,367.00         1,077,686,869.00

  Other payables                                               28,133,475,807.00       32,867,709,024.00

     Including: Interest payable                                     722,695.00              1,946,267.00

                    Dividends payable                              20,495,428.00             6,451,171.00

  Handling charges and commissions payable                                  0.00                     0.00

  Reinsurance payables                                                      0.00                     0.00

  Liabilities directly associated with assets held for sale                 0.00                     0.00

  Current portion of non-current liabilities                   21,084,862,787.00       24,500,550,121.00

  Other current liabilities                                     2,895,601,630.00         2,194,716,852.00

Total current liabilities                                     103,251,922,234.00      104,959,322,995.00

Non-current liabilities:

  Insurance contract reserve                                                0.00                     0.00

  Long-term borrowings                                        132,226,258,609.00      132,452,767,135.00

  Bonds payable                                                  389,542,003.00           398,971,739.00

     Including: Preferred shares                                            0.00                     0.00

Perpetual bonds                                                             0.00                     0.00

  Lease liabilities                                              547,150,126.00                      0.00

  Long-term payables                                            1,414,366,149.00         2,114,175,683.00

  Long-term employee benefits payable                                       0.00                     0.00

  Provisions                                                                0.00                     0.00

  Deferred income                                               5,808,303,532.00         4,246,231,468.00

  Deferred income tax liabilities                               1,566,679,732.00         1,427,601,154.00

  Other non-current liabilities                                 4,376,989,047.00         5,260,001,443.00

Total non-current liabilities                                 146,329,289,198.00      145,899,748,622.00

Total liabilities                                             249,581,211,432.00      250,859,071,617.00

Owners’ equity:

  Share capital                                                34,798,398,763.00       34,798,398,763.00



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BOE Technology Group Co., Ltd.                                                                        Interim Report 2021


  Other equity instruments                                                      14,198,004,550.00          14,146,997,427.00

     Including: Preferred shares                                                             0.00                        0.00

Perpetual bonds                                                                 14,198,004,550.00          14,146,997,427.00

  Capital reserves                                                              37,061,892,606.00          37,435,655,934.00

  Less: Treasury stock                                                           1,036,298,508.00           1,036,298,508.00

  Other comprehensive income                                                       -92,233,937.00             -22,198,072.00

  Specific reserve                                                                           0.00                        0.00

  Surplus reserves                                                               2,448,578,058.00           2,444,416,669.00

  General reserve                                                                            0.00                        0.00

  Retained earnings                                                             24,567,643,704.00          15,509,794,622.00

Total equity attributable to owners of the Company as the parent               111,945,985,236.00         103,276,766,835.00

Non-controlling interests                                                       73,948,972,965.00          70,120,967,879.00

Total owners’ equity                                                          185,894,958,201.00         173,397,734,714.00

Total liabilities and owners’ equity                                          435,476,169,633.00         424,256,806,331.00


Legal representative: ChenYanshun                                                        Chief Executive Officer: Liu Xiaodong


Chief Financial Officer: Sun Yun                                   Head of the Company’s Financial Department: Yang Xiaoping


2. Balance Sheet of the Company as the Parent

                                                                                                                   Unit: RMB

                                      Item                                    30 June 2021            31 December 2020

Current assets:

  Monetary assets                                                                3,241,883,218.00           4,375,497,010.00

  Held-for-trading financial assets                                                          0.00                        0.00

  Derivative financial assets                                                                0.00                        0.00

  Notes receivable                                                                           0.00                        0.00

  Accounts receivable                                                            5,020,452,900.00           3,974,212,308.00

  Accounts receivable financing                                                              0.00                        0.00

  Prepayments                                                                       18,955,784.00              12,185,651.00

  Other receivables                                                             15,731,631,758.00          16,345,474,583.00

     Including: Interest receivable                                                          0.00                        0.00




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BOE Technology Group Co., Ltd.                                   Interim Report 2021


                 Dividends receivable            60,055,861.00          460,261,502.00

  Inventories                                    16,731,575.00           18,622,283.00

  Contract assets                                         0.00                     0.00

  Assets held for sale                                    0.00                     0.00

  Current portion of non-current assets                   0.00                     0.00

  Other current assets                         130,356,135.00           177,761,718.00

Total current assets                         24,160,011,370.00       24,903,753,553.00

Non-current assets:

  Investments in debt obligations                         0.00                     0.00

  Investments in other debt obligations                   0.00                     0.00

  Long-term receivables                                   0.00                     0.00

  Long-term equity investments              194,551,663,624.00      182,135,057,208.00

  Investments in other equity instruments        65,383,488.00           81,192,872.00

  Other non-current financial assets                      0.00                     0.00

  Investment property                          266,369,185.00           271,212,241.00

  Fixed assets                                 963,707,906.00          1,009,178,229.00

  Construction in progress                      521,114,957.00          418,343,961.00

  Productive living assets                                0.00                     0.00

  Oil and gas assets                                      0.00                     0.00

  Right-of-use assets                          192,073,868.00                      0.00

  Intangible assets                           1,298,636,272.00         1,380,069,827.00

  Development costs                                       0.00                     0.00

  Goodwill                                                0.00                     0.00

  Long-term prepaid expense                    445,924,350.00           105,439,681.00

  Deferred income tax assets                              0.00                     0.00

  Other non-current assets                    2,407,367,504.00         2,611,437,988.00

Total non-current assets                    200,712,241,154.00      188,011,932,007.00

Total assets                                224,872,252,524.00      212,915,685,560.00

Current liabilities:

  Short-term borrowings                                   0.00                     0.00

  Held-for-trading financial liabilities                  0.00                     0.00

  Derivative financial liabilities                        0.00                     0.00

  Notes payable                                           0.00                     0.00

  Accounts payable                               46,140,862.00          272,241,469.00



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BOE Technology Group Co., Ltd.                                                     Interim Report 2021


  Advances from customers                                          47,151,929.00           18,286,458.00

  Contract liabilities                                                      0.00                     0.00

  Employee benefits payable                                      174,269,129.00           516,060,153.00

  Taxes payable                                                  122,577,256.00            87,179,892.00

  Other payables                                                4,759,539,130.00         6,541,918,681.00

     Including: Interest payable                                            0.00                     0.00

                    Dividends payable                               6,532,990.00             6,451,171.00

  Liabilities directly associated with assets held for sale                 0.00                     0.00

  Current portion of non-current liabilities                    7,714,623,351.00         7,847,210,073.00

  Other current liabilities                                        61,588,923.00             1,977,977.00

Total current liabilities                                      12,925,890,580.00       15,284,874,703.00

Non-current liabilities:

  Long-term borrowings                                         39,811,547,455.00       38,360,714,121.00

  Bonds payable                                                             0.00                     0.00

     Including: Preferred shares                                            0.00                     0.00

Perpetual bonds                                                             0.00                     0.00

  Lease liabilities                                              210,519,756.00                      0.00

  Long-term payables                                                        0.00                     0.00

  Long-term employee benefits payable                                       0.00                     0.00

  Provisions                                                                0.00                     0.00

  Deferred income                                               3,182,733,030.00         3,633,342,446.00

  Deferred income tax liabilities                                383,326,196.00           385,697,604.00

  Other non-current liabilities                                69,486,661,807.00       56,156,661,805.00

Total non-current liabilities                                 113,074,788,244.00       98,536,415,976.00

Total liabilities                                             126,000,678,824.00      113,821,290,679.00

Owners’ equity:

  Share capital                                                34,798,398,763.00       34,798,398,763.00

  Other equity instruments                                     14,198,004,550.00       14,146,997,427.00

     Including: Preferred shares                                            0.00                     0.00

Perpetual bonds                                                14,198,004,550.00       14,146,997,427.00

  Capital reserves                                             37,009,636,632.00       36,696,079,366.00

  Less: Treasury stock                                          1,036,298,508.00         1,036,298,508.00

  Other comprehensive income                                      -28,652,968.00           90,713,133.00

  Specific reserve                                                          0.00                     0.00



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BOE Technology Group Co., Ltd.                                                                Interim Report 2021


   Surplus reserves                                                        2,448,578,058.00         2,444,416,669.00

   Retained earnings                                                      11,481,907,173.00       11,954,088,031.00

Total owners’ equity                                                     98,871,573,700.00       99,094,394,881.00

Total liabilities and owners’ equity                                    224,872,252,524.00      212,915,685,560.00


3. Consolidated Income Statement

                                                                                                           Unit: RMB

                                    Item                                  H1 2021                  H1 2020

1. Revenue                                                               107,285,327,026.00       56,751,329,065.00

Including: Operating revenue                                             107,285,327,026.00       56,751,329,065.00

Interest income                                                                        0.00                     0.00

Insurance premium income                                                               0.00                     0.00

Handling charge and commission income                                                  0.00                     0.00

2. Costs and expenses                                                     87,626,534,237.00       56,083,675,871.00

Including: Cost of sales                                                  73,745,889,031.00       47,153,846,668.00

Interest expense                                                                       0.00                     0.00

Handling charge and commission expense                                                 0.00                     0.00

Surrenders                                                                             0.00                     0.00

Net insurance 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 expense                                                            0.00                     0.00

Taxes and surcharges                                                        793,904,356.00           512,614,113.00

Selling expense                                                            2,295,502,342.00         1,450,825,484.00

Administrative expense                                                     4,030,423,338.00         2,517,596,650.00

                   R&D expense                                             5,002,518,939.00         3,244,433,098.00

Finance costs                                                              1,758,296,231.00         1,204,359,858.00

Including: Interest expense                                                2,438,979,548.00         1,498,088,250.00

                              Interest income                               443,748,698.00           421,677,692.00

Add: Other income                                                          1,131,779,224.00         1,525,518,015.00

       Return on investment (“-” for loss)                                  25,936,741.00           15,141,467.00

Including: Share of profit or loss of joint ventures and associates             620,013.00            -27,648,162.00

   Income from the derecognition of financial assets at amortized cost
                                                                                       0.00                     0.00
(“-” for loss)



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BOE Technology Group Co., Ltd.                                                                   Interim Report 2021


Exchange gain (“-” for loss)                                                           0.00                      0.00

Net gain on exposure hedges (“-” for loss)                                             0.00                      0.00

       Gain on changes in fair value (“-” for loss)                           37,887,125.00            19,723,299.00

Credit impairment loss (“-” for loss)                                         -33,868,609.00              805,913.00

Asset impairment loss (“-” for loss)                                       -2,307,446,795.00        -1,643,281,210.00

Asset disposal income (“-” for loss)                                         152,606,846.00             11,657,251.00

3. Operating profit (“-” for loss)                                         18,665,687,321.00          597,217,929.00

Add: Non-operating income                                                        48,115,802.00           52,193,491.00

Less: Non-operating expense                                                     21,548,141.00            32,759,545.00

4. Profit before tax (“-” for loss)                                        18,692,254,982.00          616,651,875.00

Less: Income tax expense                                                      2,260,425,038.00          495,807,024.00

5. Net profit (“-” for net loss)                                           16,431,829,944.00          120,844,851.00

  5.1 By operating continuity

     5.1.1 Net profit from continuing operations (“-” for net loss)        16,431,829,944.00          120,844,851.00

     5.1.2 Net profit from discontinued operations (“-” for net loss)                  0.00                      0.00

  5.2 By ownership

5.2.1 Net profit attributable to owners of the Company as the parent         12,762,024,968.00         1,135,450,325.00

5.2.1 Net profit attributable to non-controlling interests                    3,669,804,976.00        -1,014,605,474.00

6. Other comprehensive income, net of tax                                       -46,126,447.00          226,968,107.00

Attributable to owners of the Company as the parent                             -28,421,976.00          207,001,047.00

6.1 Items that will not be reclassified to profit or loss                       -84,109,200.00          171,165,163.00

6.1.1 Changes caused by remeasurements on defined benefit schemes                        0.00                      0.00

6.1.2 Other comprehensive income that will not be reclassified to profit
                                                                                -64,314,237.00          198,406,448.00
or loss under the equity method

6.1.3 Changes in the fair value of investments in other equity instruments      -19,794,963.00           -27,241,285.00

6.1.4 Changes in the fair value arising from changes in own credit risk                  0.00                      0.00

6.1.5 Other                                                                              0.00                      0.00

6.2 Items that will be reclassified to profit or loss                           55,687,224.00            35,835,884.00

6.2.1 Other comprehensive income that will be reclassified to profit or
                                                                                         0.00                      0.00
loss under the equity method

6.2.2 Changes in the fair value of investments in other debt obligations                 0.00                      0.00

6.2.3 Other comprehensive income arising from the reclassification of
                                                                                         0.00                      0.00
financial assets

6.2.4 Credit impairment allowance for investments in other debt
                                                                                         0.00                      0.00
obligations



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BOE Technology Group Co., Ltd.                                                                                Interim Report 2021


6.2.5 Reserve for cash flow hedges                                                                   0.00                       0.00

6.2.6 Differences arising from the translation of foreign
                                                                                          55,687,224.00                35,835,884.00
currency-denominated financial statements

6.2.7 Other                                                                                          0.00                       0.00

Attributable to non-controlling interests                                                -17,704,471.00                19,967,060.00

7. Total comprehensive income                                                         16,385,703,497.00               347,812,958.00

Attributable to owners of the Company as the parent                                   12,733,602,992.00             1,342,451,372.00

Attributable to non-controlling interests                                              3,652,100,505.00              -994,638,414.00

8. Earnings per share

8.1 Basic earnings per share                                                                        0.363                      0.026

8.2 Diluted earnings per share                                                                      0.363                      0.026


Where business combinations under common control occurred in the current period, the net profit achieved by the acquirees before
the combinations was RMB0.00, with the amount for the same period of last year being RMB0.00.


Legal representative: Chen Yanshun                                                              Chief Executive Officer: Liu Xiaodong


Chief Financial Officer: Sun Yun                                         Head of the Company’s Financial Department: Yang Xiaoping


4. Income Statement of the Company as the Parent

                                                                                                                           Unit: RMB

                                    Item                                              H1 2021                      H1 2020

1. Operating revenue                                                                   3,056,487,143.00             1,289,883,326.00

Less: Cost of sales                                                                        5,740,484.00                 7,626,334.00

Taxes and surcharges                                                                      17,736,708.00                17,148,416.00

Selling expense                                                                                      0.00                       0.00

Administrative expense                                                                   337,658,825.00               306,582,567.00

R&D expense                                                                              977,552,146.00               843,196,784.00

Finance costs                                                                            408,339,302.00               487,597,032.00

Including: Interest expense                                                              450,708,097.00               500,962,725.00

              Interest income                                                             21,893,482.00                16,419,166.00

Add: Other income                                                                        484,261,261.00               504,756,999.00

       Return on investment (“-” for loss)                                           1,697,393,282.00               840,807,733.00

Including: Share of profit or loss of joint ventures and associates                       13,838,703.00               -11,034,399.00

   Income from the derecognition of financial assets at amortized cost
                                                                                                     0.00                       0.00
(“-” for loss)



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BOE Technology Group Co., Ltd.                                                                  Interim Report 2021


       Net gain on exposure hedges (“-” for loss)                                     0.00                      0.00

       Gain on changes in fair value (“-” for loss)                                   0.00                      0.00

Credit impairment loss (“-” for loss)                                         -1,746,785.00            -2,659,079.00

Asset impairment loss (“-” for loss)                                                  0.00                      0.00

Asset disposal income (“-” for loss)                                                  0.00                      0.00

2. Operating profit (“-” for loss)                                         3,489,367,435.00          970,637,846.00

Add: Non-operating income                                                       4,925,381.00              4,134,686.00

Less: Non-operating expense                                                     1,187,679.00               192,770.00

3. Profit before tax (“-” for loss)                                        3,493,105,137.00          974,579,762.00

Less: Income tax expense                                                      261,110,109.00            16,164,266.00

4. Net profit (“-” for net loss)                                           3,231,995,028.00          958,415,496.00

  4.1 Net profit from continuing operations (“-” for net loss)             3,231,995,028.00          958,415,496.00

  4.2 Net profit from discontinued operations (“-” for net loss)                      0.00                      0.00

5. Other comprehensive income, net of tax                                      -77,752,212.00          206,469,234.00

5.1 Items that will not be reclassified to profit or loss                      -77,752,212.00          206,469,234.00

5.1.1 Changes caused by remeasurements on defined benefit schemes                       0.00                      0.00

5.1.2 Other comprehensive income that will not be reclassified to profit
                                                                               -64,314,236.00          198,406,448.00
or loss under the equity method

5.1.3 Changes in the fair value of investments in other equity instruments     -13,437,976.00             8,062,786.00

5.1.4 Changes in the fair value arising from changes in own credit risk                 0.00                      0.00

5.1.5 Other                                                                             0.00                      0.00

5.2 Items that will be reclassified to profit or loss                                   0.00                      0.00

5.2.1 Other comprehensive income that will be reclassified to profit or
                                                                                        0.00                      0.00
loss under the equity method

5.2.2 Changes in the fair value of investments in other debt obligations                0.00                      0.00

5.2.3 Other comprehensive income arising from the reclassification of
                                                                                        0.00                      0.00
financial assets

5.2.4 Credit impairment allowance for investments in other debt
                                                                                        0.00                      0.00
obligations

5.2.5 Reserve for cash flow hedges                                                      0.00                      0.00

5.2.6 Differences arising from the translation of foreign
                                                                                        0.00                      0.00
currency-denominated financial statements

5.2.7 Other                                                                             0.00                      0.00

6. Total comprehensive income                                                3,154,242,816.00         1,164,884,730.00

7. Earnings per share



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BOE Technology Group Co., Ltd.                                                               Interim Report 2021


 7.1 Basic earnings per share                                                       0.085                     0.021

 7.2 Diluted earnings per share                                                     0.085                     0.021


5. Consolidated Cash Flow Statement

                                                                                                          Unit: RMB

                                   Item                                  H1 2021                  H1 2020

1. Cash flows from operating activities:

Proceeds from sale of commodities and rendering of services             102,845,512,014.00       62,408,341,810.00

  Net increase in customer deposits and interbank deposits                            0.00                     0.00

  Net increase in borrowings from the central bank                                    0.00                     0.00

  Net increase in loans from other financial institutions                             0.00                     0.00

  Premiums received on original insurance contracts                                   0.00                     0.00

  Net proceeds from reinsurance                                                       0.00                     0.00

  Net increase in deposits and investments of policy holders                          0.00                     0.00

  Interest, handling charges and commissions received                                 0.00                     0.00

  Net increase in interbank loans obtained                                            0.00                     0.00

  Net increase in proceeds from repurchase transactions                               0.00                     0.00

Net proceeds from acting trading of securities                                        0.00                     0.00

  Tax rebates                                                             6,890,984,602.00         5,066,622,972.00

  Cash generated from other operating activities                          3,658,020,137.00         3,154,292,472.00

Subtotal of cash generated from operating activities                    113,394,516,753.00       70,629,257,254.00

  Payments for commodities and services                                  65,583,684,012.00       51,194,153,930.00

Net increase in loans and advances to customers                                       0.00                     0.00

  Net increase in deposits in the central bank and in interbank loans
                                                                                      0.00                     0.00
granted

  Payments for claims on original insurance contracts                                 0.00                     0.00

  Net increase in interbank loans granted                                             0.00                     0.00

  Interest, handling charges and commissions paid                                     0.00                     0.00

  Policy dividends paid                                                               0.00                     0.00

  Cash paid to and for employees                                          9,006,613,635.00         5,812,713,363.00

  Taxes paid                                                              3,697,784,048.00         1,664,294,527.00

  Cash used in other operating activities                                 2,361,246,719.00         2,241,419,900.00

Subtotal of cash used in operating activities                            80,649,328,414.00       60,912,581,720.00

Net cash generated from/used in operating activities                     32,745,188,339.00         9,716,675,534.00



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BOE Technology Group Co., Ltd.                                                                   Interim Report 2021


2. Cash flows from investing activities:

  Proceeds from disinvestment                                               14,595,162,184.00        13,329,383,031.00

  Return on investment                                                          63,705,219.00            94,522,413.00

  Net proceeds from the disposal of fixed assets, intangible assets and
                                                                                15,950,030.00              3,619,576.00
other long-lived assets

  Net proceeds from the disposal of subsidiaries and other business units                0.00                      0.00

Cash generated from other investing activities                                 580,693,730.00           159,875,747.00

Subtotal of cash generated from investing activities                        15,255,511,163.00        13,587,400,767.00

Payments for the acquisition of fixed assets, intangible assets and other
                                                                            22,683,086,935.00        19,239,182,973.00
long-lived assets

  Payments for investments                                                  13,559,315,026.00          8,874,322,149.00

  Net increase in pledged loans granted                                                  0.00                      0.00

  Net payments for the acquisition of subsidiaries and other business
                                                                                         0.00                      0.00
units

Cash used in other investing activities                                        327,642,163.00            50,583,894.00

Subtotal of cash used in investing activities                               36,570,044,124.00        28,164,089,016.00

Net cash generated from/used in investing activities                        -21,314,532,961.00       -14,576,688,249.00

3. Cash flows from financing activities:

Capital contributions received                                               5,412,784,000.00          3,309,530,000.00

Including: Capital contributions by non-controlling interests to
                                                                             5,412,784,000.00          3,309,530,000.00
subsidiaries

Borrowings raised                                                           19,163,654,139.00        27,894,445,943.00

Cash generated from other financing activities                               1,050,916,089.00          1,436,274,535.00

Subtotal of cash generated from financing activities                        25,627,354,228.00        32,640,250,478.00

  Repayment of borrowings                                                   24,273,242,173.00        23,856,277,822.00

Interest and dividends paid                                                  6,563,653,470.00          2,727,548,410.00

Including: Dividends paid by subsidiaries to non-controlling interests                   0.00              8,117,072.00

Cash used in other financing activities                                      7,424,432,903.00           207,794,479.00

Subtotal of cash used in financing activities                               38,261,328,546.00        26,791,620,711.00

Net cash generated from/used in financing activities                        -12,633,974,318.00         5,848,629,767.00

4. Effect of foreign exchange rates changes on cash and cash equivalents      -519,790,328.00           347,801,401.00

5. Net increase in cash and cash equivalents                                 -1,723,109,268.00         1,336,418,453.00

Add: Cash and cash equivalents, beginning of the period                     68,064,736,371.00        50,270,321,573.00

6. Cash and cash equivalents, end of the period                             66,341,627,103.00        51,606,740,026.00




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BOE Technology Group Co., Ltd.                                                                   Interim Report 2021


6. Cash Flow Statement of the Company as the Parent

                                                                                                              Unit: RMB

                                   Item                                     H1 2021                   H1 2020

1. Cash flows from operating activities:

Proceeds from sale of commodities and rendering of services                  2,330,732,897.00          1,659,668,361.00

  Tax rebates                                                                  36,064,521.00                       0.00

  Cash generated from other operating activities                              328,682,480.00            227,427,089.00

Subtotal of cash generated from operating activities                         2,695,479,898.00          1,887,095,450.00

  Payments for commodities and services                                      2,416,514,190.00          1,757,010,176.00

  Cash paid to and for employees                                              962,945,173.00            641,151,291.00

  Taxes paid                                                                  404,011,370.00            207,510,679.00

  Cash used in other operating activities                                      91,513,902.00            199,311,877.00

Subtotal of cash used in operating activities                                3,874,984,635.00          2,804,984,023.00

Net cash generated from/used in operating activities                        -1,179,504,737.00          -917,888,573.00

2. Cash flows from investing activities:

  Proceeds from disinvestment                                                 461,214,968.00               2,871,711.00

  Return on investment                                                       2,085,472,096.00           170,939,834.00

  Net proceeds from the disposal of fixed assets, intangible assets and
                                                                                      4,330.00                  9,361.00
other long-lived assets

  Net proceeds from the disposal of subsidiaries and other business units                0.00                      0.00

Cash generated from other investing activities                               1,149,998,526.00            97,293,535.00

Subtotal of cash generated from investing activities                         3,696,689,920.00           271,114,441.00

Payments for the acquisition of fixed assets, intangible assets and other
                                                                              593,285,345.00            164,209,417.00
long-lived assets

  Payments for investments                                                  12,698,003,442.00          9,073,757,750.00

  Net payments for the acquisition of subsidiaries and other business
                                                                                         0.00                      0.00
units

Cash used in other investing activities                                        25,316,404.00            465,233,548.00

Subtotal of cash used in investing activities                               13,316,605,191.00          9,703,200,715.00

Net cash generated from/used in investing activities                        -9,619,915,271.00         -9,432,086,274.00

3. Cash flows from financing activities:

Capital contributions received                                                           0.00                      0.00

Borrowings raised                                                            8,365,000,000.00        14,220,000,000.00

Cash generated from other financing activities                              12,768,112,185.00          1,579,420,973.00




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BOE Technology Group Co., Ltd.                                                                 Interim Report 2021


Subtotal of cash generated from financing activities                       21,133,112,185.00       15,799,420,973.00

  Repayment of borrowings                                                   7,150,000,000.00         6,840,000,000.00

Interest and dividends paid                                                 4,231,130,463.00          472,262,049.00

Cash used in other financing activities                                          104,779.00           184,060,000.00

Subtotal of cash used in financing activities                              11,381,235,242.00         7,496,322,049.00

Net cash generated from/used in financing activities                        9,751,876,943.00         8,303,098,924.00

4. Effect of foreign exchange rates changes on cash and cash equivalents      -77,249,702.00             4,870,348.00

5. Net increase in cash and cash equivalents                               -1,124,792,767.00        -2,042,005,575.00

Add: Cash and cash equivalents, beginning of the period                     4,360,065,216.00         3,680,770,048.00

6. Cash and cash equivalents, end of the period                             3,235,272,449.00         1,638,764,473.00




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          7. Consolidated Statements of Changes in Owners’ Equity

          H1 2021
                                                                                                                                                                                                 Unit: RMB

                                                                                                       H1 2021

                                                                  Equity attributable to owners of the Company as the parent

                             Other equity instruments
                                                                                                                  Spec                       Gen                                                Non-contr         Total
 Item
                           Pref                                                                      Other
                                                                              Less: Treasury                       ific                      eral                        Othe                    olling          owners’
           Share capital   erred                     Othe Capital reserves                        comprehensive           Surplus reserves           Retained earnings            Subtotal
                                                                                   stock                          reser                      reser                        r                     interests        equity
                                   Perpetual bonds
                           shar                       r                                              income
                                                                                                                   ve                         ve
                            es

1.
Balan
ce as
at the
end of                                                                                                                                                                          103,276,766,8 70,120,96 173,397,734
         34,798,398,763.00 0.00 14,146,997,427.00 0.00 37,435,655,934.00 1,036,298,508.00         -22,198,072.00 0.00 2,444,416,669.00 0.00 15,509,794,622.00 0.00
the                                                                                                                                                                                    35.00     7,879.00          ,714.00
period
of
prior
year

Add:
Adjust
ment
for                   0.00 0.00                0.00 0.00               0.00                0.00               0.00 0.00               0.00 0.00                   0.00 0.00              0.00        0.00             0.00
chang
e in
accou

                                                                                                                                                                                                            84
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nting
policy


Adjust
ment
for
correc                0.00 0.00              0.00 0.00              0.00              0.00            0.00 0.00             0.00 0.00              0.00 0.00          0.00       0.00        0.00
tion of
previo
us
error


Adjust
ment
for
busine
ss
combi                 0.00 0.00              0.00 0.00              0.00              0.00            0.00 0.00             0.00 0.00              0.00 0.00          0.00       0.00        0.00
nation
under
comm
on
contro
l


Other
                      0.00 0.00              0.00 0.00              0.00              0.00            0.00 0.00             0.00 0.00              0.00 0.00          0.00       0.00        0.00
adjust
ments

2.        34,798,398,763.00 0.00 14,146,997,427.00 0.00 37,435,655,934.00 1,036,298,508.00   -22,198,072.00 0.00 2,444,416,669.00 0.00 15,509,794,622.00 0.00 103,276,766,8 70,120,96 173,397,734

                                                                                                                                                                                        85
                                                   BOE Technology Group Co., Ltd.                                                                Interim Report 2021
Balan                                                                                                                                                 35.00   7,879.00        ,714.00
ce as
at the
begin
ning
of the
Repor
ting
Period

3.
Increa
se/
decrea
se in
                                                                                                                                              8,669,218,401. 3,828,005, 12,497,223,
the        0.00 0.00   51,007,123.00 0.00   -373,763,328.00            0.00   -70,035,865.00 0.00   4,161,389.00 0.00 9,057,849,082.00 0.00
                                                                                                                                                         00     086.00        487.00
period
(“-”
for
decrea
se)

     3.1
Total
compr
                                                                                                                                              12,733,602,99 3,652,100, 16,385,703,
ehensi     0.00 0.00           0.00 0.00              0.00             0.00   -28,421,976.00 0.00          0.00 0.00 12,762,024,968.00 0.00
                                                                                                                                                       2.00     505.00        497.00
ve
incom
e

     3.2                                                                                                                                      -376,241,707. 190,282,1 -185,959,59
           0.00 0.00           0.00 0.00    -376,241,707.00            0.00            0.00 0.00           0.00 0.00             0.00 0.00
Capita                                                                                                                                                   00      17.00          0.00

                                                                                                                                                                         86
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l
increa
sed
and
reduce
d by
owner
s

3.2.1
Ordin
ary
shares                                                                                                                      -926,301,3 -926,301,32
         0.00 0.00   0.00 0.00             0.00             0.00         0.00 0.00   0.00 0.00   0.00 0.00           0.00
increa                                                                                                                          22.00         2.00
sed by
owner
s

3.2.2
Capita
l
increa
sed by
holder   0.00 0.00   0.00 0.00             0.00             0.00         0.00 0.00   0.00 0.00   0.00 0.00           0.00        0.00         0.00
s of
other
equity
instru
ments

3.2.3                                                                                                        288,269,885.0 20,510,20 308,780,086
         0.00 0.00   0.00 0.00   288,269,885.00             0.00         0.00 0.00   0.00 0.00   0.00 0.00
Share-                                                                                                                  0        1.00          .00

                                                                                                                                        87
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based
payme
nts
includ
ed in
owner
s’
equity

3.2.4                                                                                                                             -664,511,592. 1,096,073, 431,561,646
          0.00 0.00           0.00 0.00    -664,511,592.00            0.00         0.00 0.00   0.00 0.00             0.00 0.00
Other                                                                                                                                       00     238.00           .00

    3.3
Profit                                                                                                                            -3,690,621,26 -14,377,53 -3,704,998,7
          0.00 0.00   51,007,123.00 0.00             0.00             0.00         0.00 0.00   0.00 0.00 -3,741,628,386.00 0.00
distrib                                                                                                                                   3.00       6.00        99.00
ution


3.3.1
Appro
priatio
n to      0.00 0.00           0.00 0.00              0.00             0.00         0.00 0.00   0.00 0.00             0.00 0.00            0.00       0.00         0.00
surplu
s
reserv
es


3.3.2
Appro
          0.00 0.00           0.00 0.00              0.00             0.00         0.00 0.00   0.00 0.00             0.00 0.00            0.00       0.00         0.00
priatio
n to
genera

                                                                                                                                                            88
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l
reserv
e


3.3.3
Appro
priatio
n to                                                                                                                                     -3,477,021,26 -14,377,53 -3,491,398,7
            0.00 0.00           0.00 0.00      0.00              0.00            0.00 0.00           0.00 0.00 -3,477,021,263.00 0.00
owner                                                                                                                                            3.00       6.00         99.00
s (or
shareh
olders
)


                                                                                                                                         -213,600,000.              -213,600,00
3.3.4       0.00 0.00   51,007,123.00 0.00     0.00              0.00            0.00 0.00           0.00 0.00    -264,607,123.00 0.00                      0.00
                                                                                                                                                   00                     0.00
Other

      3.4
Transf
ers
within      0.00 0.00           0.00 0.00      0.00              0.00   -41,613,889.00 0.00   4,161,389.00 0.00    37,452,500.00 0.00            0.00       0.00          0.00
owner
s’
equity


3.4.1
Increa
            0.00 0.00           0.00 0.00      0.00              0.00            0.00 0.00           0.00 0.00              0.00 0.00            0.00       0.00          0.00
se in
capital
(or

                                                                                                                                                                   89
                                  BOE Technology Group Co., Ltd.                                       Interim Report 2021
share
capital
) from
capital
reserv
es


3.4.2
Increa
se in
capital
(or
share     0.00 0.00   0.00 0.00     0.00              0.00         0.00 0.00   0.00 0.00   0.00 0.00        0.00       0.00        0.00
capital
) from
surplu
s
reserv
es


3.4.3
Loss
offset
by        0.00 0.00   0.00 0.00     0.00              0.00         0.00 0.00   0.00 0.00   0.00 0.00        0.00       0.00        0.00
surplu
s
reserv
es

          0.00 0.00   0.00 0.00     0.00              0.00         0.00 0.00   0.00 0.00   0.00 0.00        0.00       0.00        0.00

                                                                                                                              90
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3.4.4
Chang
es in
define
d
benefi
t
schem
es
transf
erred
to
retain
ed
earnin
gs


3.4.5
Other
compr
ehensi
ve
incom
         0.00 0.00   0.00 0.00     0.00              0.00   -41,613,889.00 0.00   4,161,389.00 0.00   37,452,500.00 0.00        0.00       0.00        0.00
e
transf
erred
to
retain
ed
earnin

                                                                                                                                                  91
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gs


3.4.6                0.00 0.00              0.00 0.00              0.00              0.00            0.00 0.00              0.00 0.00             0.00 0.00            0.00       0.00          0.00
Other

3.5
Specif
ic                   0.00 0.00              0.00 0.00              0.00              0.00            0.00 0.00              0.00 0.00             0.00 0.00            0.00       0.00          0.00
reserv
e


3.5.1
Increa
                     0.00 0.00              0.00 0.00              0.00              0.00            0.00 0.00              0.00 0.00             0.00 0.00            0.00       0.00          0.00
se in
the
period


3.5.2
Used                 0.00 0.00              0.00 0.00              0.00              0.00            0.00 0.00              0.00 0.00             0.00 0.00            0.00       0.00          0.00
in the
period

3.6                                                                                                                                                                                       2,478,379.0
                     0.00 0.00              0.00 0.00      2,478,379.00              0.00            0.00 0.00              0.00 0.00             0.00 0.00    2,478,379.00       0.00
Other                                                                                                                                                                                              0

4.
Balan
ce as                                                                                                                                                          111,945,985,2 73,948,97 185,894,958
         34,798,398,763.00 0.00 14,198,004,550.00 0.00 37,061,892,606.00 1,036,298,508.00   -92,233,937.00 0.00 2,448,578,058.00 0.00 24,567,643,704.00 0.00
at the                                                                                                                                                                36.00   2,965.00        ,201.00
end of
the

                                                                                                                                                                                         92
         BOE Technology Group Co., Ltd.   Interim Report 2021
Repor
ting
Period




                                                                93
                                                                              BOE Technology Group Co., Ltd.                                                                                                   Interim Report 2021
             H1 2020
                                                                                                                                                                                                                             Unit: RMB

                                                                                                                           H1 2020

                                                                      Equity attributable to owners of the Company as the parent

                                    Other equity instruments                              Less:                     Specif                       Gener
      Item                                                                                            Other                                                                                             Non-controllin    Total owners’
                                  Preferr                                Capital          Treasu                      ic        Surplus            al       Retained          Oth
                 Share capital                Perpetual        Oth                                 comprehensi                                                                          Subtotal          g interests        equity
                                    ed                                   reserves           ry                      reserv      reserves         reserv      earnings         er
                                               bonds           er                                   ve income
                                  shares                                                  stock                       e                            e

1. Balance
as at the end 34,798,398,763                8,013,156,853.            38,353,242,364               -4,566,639.0              1,516,139,709                12,381,758,005             95,058,129,055. 45,999,567,919 141,057,696,974
                                     0.00                      0.00                         0.00                      0.00                        0.00                        0.00
of the period               .00                           00                        .00                         0                          .00                          .00                        00               .00                .00
of prior year

Add:
Adjustment
for change                                                                                                                   533,906,114.0                -533,906,114.0
                           0.00      0.00              0.00 0.00                0.00        0.00          0.00        0.00                        0.00                        0.00             0.00                0.00               0.00
in                                                                                                                                          0                            0
accounting
policy


Adjustment
for
                           0.00      0.00              0.00 0.00                0.00        0.00          0.00        0.00            0.00        0.00              0.00 0.00                  0.00                0.00               0.00
correction
of previous
error


Adjustment
                           0.00      0.00              0.00 0.00                0.00        0.00          0.00        0.00            0.00        0.00              0.00 0.00                  0.00                0.00               0.00
for business
combination
                                                                                                                                                                                                                                       94
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under
common
control

   Other
                      0.00    0.00            0.00 0.00                0.00   0.00          0.00    0.00           0.00    0.00            0.00 0.00                0.00            0.00               0.00
adjustments

2. Balance
as at the
beginning of 34,798,398,763          8,013,156,853.          38,353,242,364          -4,566,639.0          2,050,045,823          11,847,851,891          95,058,129,055. 45,999,567,919 141,057,696,974
                              0.00                    0.00                    0.00                  0.00                   0.00                    0.00
the                     .00                     00                      .00                    0                     .00                     .00                      00             .00                .00
Reporting
Period

3. Increase/
decrease in
                                     6,184,847,697.                                  214,932,128.                                                         6,614,403,412.0 2,512,782,634. 9,127,186,046.0
the period            0.00    0.00                    0.00         4,921.00   0.00                  0.00           0.00    0.00 214,618,666.00 0.00
                                                00                                            00                                                                       0              00                 0
(“-” for
decrease)

   3.1 Total
                                                                                     207,001,047.                                 1,135,450,325.          1,342,451,372.0 -994,638,414.0
comprehensi           0.00    0.00            0.00 0.00                0.00   0.00                  0.00           0.00    0.00                    0.00                                    347,812,958.00
                                                                                              00                                             00                        0               0
ve income

   3.2
Capital
                                     5,967,915,094.                                                                                                       5,968,250,773.0 3,588,270,616. 9,556,521,389.0
increased             0.00    0.00                    0.00      335,679.00    0.00          0.00    0.00           0.00    0.00            0.00 0.00
                                                00                                                                                                                     0              00                 0
and reduced
by owners

3.2.1
Ordinary                                                                                                                                                                   3,595,303,298. 3,595,303,298.0
                      0.00    0.00            0.00 0.00                0.00   0.00          0.00    0.00           0.00    0.00            0.00 0.00                0.00
shares                                                                                                                                                                                00                 0
increased by

                                                                                                                                                                                                        95
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owners

3.2.2
Capital
increased by                  5,967,915,094.                                                                                     5,967,915,094.0                   5,967,915,094.0
                0.00   0.00                    0.00         0.00   0.00        0.00   0.00   0.00   0.00            0.00 0.00                              0.00
holders of                               00                                                                                                   0                                 0
other equity
instruments

3.2.3
Share-based
payments
                0.00   0.00            0.00 0.00            0.00   0.00        0.00   0.00   0.00   0.00            0.00 0.00              0.00            0.00               0.00
included in
owners’
equity

3.2.4 Other     0.00   0.00            0.00 0.00      335,679.00   0.00        0.00   0.00   0.00   0.00            0.00 0.00        335,679.00    -7,032,682.00     -6,697,003.00

 3.3 Profit                                                                                                -912,900,578.0
                0.00   0.00 216,932,603.00 0.00             0.00   0.00        0.00   0.00   0.00   0.00                    0.00 -695,967,975.00 -80,849,568.00 -776,817,543.00
distribution                                                                                                           0

        3.3.1
Appropriati
on to           0.00   0.00            0.00 0.00            0.00   0.00        0.00   0.00   0.00   0.00            0.00 0.00              0.00            0.00               0.00
surplus
reserves

        3.3.2
Appropriati
on to           0.00   0.00            0.00 0.00            0.00   0.00        0.00   0.00   0.00   0.00            0.00 0.00              0.00            0.00               0.00
general
reserve

        3.3.3                                                                                              -695,967,975.0
                0.00   0.00            0.00 0.00            0.00   0.00        0.00   0.00   0.00   0.00                    0.00 -695,967,975.00 -80,849,568.00 -776,817,543.00
Appropriati                                                                                                            0

                                                                                                                                                                               96
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on to
owners (or
shareholders
)

      3.3.4                                                                                       -216,932,603.0
               0.00   0.00 216,932,603.00 0.00    0.00   0.00         0.00   0.00   0.00   0.00                    0.00   0.00      0.00               0.00
Other                                                                                                         0

    3.4
Transfers
within         0.00   0.00           0.00 0.00    0.00   0.00 7,931,081.00   0.00   0.00   0.00    -7,931,081.00 0.00     0.00      0.00               0.00
owners’
equity

      3.4.1
Increase in
capital (or
share          0.00   0.00           0.00 0.00    0.00   0.00         0.00   0.00   0.00   0.00            0.00 0.00      0.00      0.00               0.00
capital)
from capital
reserves

      3.4.2
Increase in
capital (or
share          0.00   0.00           0.00 0.00    0.00   0.00         0.00   0.00   0.00   0.00            0.00 0.00      0.00      0.00               0.00
capital)
from surplus
reserves

      3.4.3
Loss offset
               0.00   0.00           0.00 0.00    0.00   0.00         0.00   0.00   0.00   0.00            0.00 0.00      0.00      0.00               0.00
by surplus
reserves
                                                                                                                                                        97
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     3.4.4
Changes in
defined
benefit
                          0.00   0.00             0.00 0.00               0.00   0.00          0.00    0.00           0.00    0.00             0.00 0.00                0.00           0.00               0.00
schemes
transferred
to retained
earnings

     3.4.5
Other
comprehensi
ve income                 0.00   0.00             0.00 0.00               0.00   0.00 7,931,081.00     0.00           0.00    0.00    -7,931,081.00 0.00                0.00           0.00               0.00
transferred
to retained
earnings

     3.4.6
                          0.00   0.00             0.00 0.00               0.00   0.00          0.00    0.00           0.00    0.00             0.00 0.00                0.00           0.00               0.00
Other

3.5 Specific
                          0.00   0.00             0.00 0.00               0.00   0.00          0.00    0.00           0.00    0.00             0.00 0.00                0.00           0.00               0.00
reserve

     3.5.1
Increase in               0.00   0.00             0.00 0.00               0.00   0.00          0.00    0.00           0.00    0.00             0.00 0.00                0.00           0.00               0.00
the period

     3.5.2
Used in the               0.00   0.00             0.00 0.00               0.00   0.00          0.00    0.00           0.00    0.00             0.00 0.00                0.00           0.00               0.00
period

3.6 Other                 0.00   0.00             0.00 0.00        -330,758.00   0.00          0.00    0.00           0.00    0.00             0.00 0.00         -330,758.00           0.00     -330,758.00

4. Balance      34,798,398,763          14,198,004,550          38,353,247,285          210,365,489.          2,050,045,823          12,062,470,557          101,672,532,467 48,512,350,553 150,184,883,020
                                 0.00                    0.00                    0.00                  0.00                   0.00                    0.00
as at the end              .00                     .00                     .00                   00                     .00                     .00                      .00            .00                .00

                                                                                                                                                                                                           98
                                                                      BOE Technology Group Co., Ltd.                                                                                 Interim Report 2021
of the
Reporting
Period


           8. Statements of Changes in Owners’ Equity of the Company as the Parent

           H1 2021
                                                                                                                                                                                                   Unit: RMB

                                                                                                                  H1 2021

                                                    Other equity instruments                                                  Other
            Item                                                                                      Less: Treasury                         Specific                                              Total owners’
                             Share capital     Preferred                           Capital reserves                       comprehensive                 Surplus reserves Retained earnings Other
                                                           Perpetual bonds Other                          stock                              reserve                                                  equity
                                                shares                                                                       income

1. Balance as at the end
of the period of prior     34,798,398,763.00       0.00 14,146,997,427.00 0.00 36,696,079,366.00 1,036,298,508.00          90,713,133.00        0.00 2,444,416,669.00 11,954,088,031.00 0.00 99,094,394,881.00
year

Add: Adjustment for
change in accounting                    0.00       0.00               0.00 0.00                0.00                0.00               0.00      0.00               0.00              0.00 0.00                  0.00
policy

  Adjustment for
correction of previous                  0.00       0.00               0.00 0.00                0.00                0.00               0.00      0.00               0.00              0.00 0.00                  0.00
error

  Other adjustments                     0.00       0.00               0.00 0.00                0.00                0.00               0.00      0.00               0.00              0.00 0.00                  0.00

2. Balance as at the
beginning of the           34,798,398,763.00       0.00 14,146,997,427.00 0.00 36,696,079,366.00 1,036,298,508.00          90,713,133.00        0.00 2,444,416,669.00 11,954,088,031.00 0.00 99,094,394,881.00
Reporting Period

3. Increase/ decrease in
                                        0.00       0.00      51,007,123.00 0.00     313,557,266.00                 0.00 -119,366,101.00         0.00       4,161,389.00   -472,180,858.00 0.00     -222,821,181.00
the period (“-” for

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decrease)

  3.1 Total
                             0.00   0.00           0.00 0.00              0.00      0.00 -77,752,212.00   0.00          0.00 3,231,995,028.00 0.00 3,154,242,816.00
comprehensive income

  3.2 Capital increased
                             0.00   0.00           0.00 0.00    308,780,087.00      0.00           0.00   0.00          0.00              0.00 0.00    308,780,087.00
and reduced by owners

3.2.1 Ordinary shares
                             0.00   0.00           0.00 0.00              0.00      0.00           0.00   0.00          0.00              0.00 0.00                   0.00
increased by owners

3.2.2 Capital increased
by holders of other          0.00   0.00           0.00 0.00              0.00      0.00           0.00   0.00          0.00              0.00 0.00                   0.00
equity instruments

3.2.3 Share-based
payments included in         0.00   0.00           0.00 0.00    308,780,087.00      0.00           0.00   0.00          0.00              0.00 0.00    308,780,087.00
owners’ equity

3.2.4 Other                  0.00   0.00           0.00 0.00              0.00      0.00           0.00   0.00          0.00              0.00 0.00                   0.00

  3.3 Profit distribution    0.00   0.00   51,007,123.00 0.00             0.00      0.00           0.00   0.00          0.00 -3,741,628,386.00 0.00 -3,690,621,263.00

     3.3.1 Appropriation
                             0.00   0.00           0.00 0.00              0.00      0.00           0.00   0.00          0.00              0.00 0.00                   0.00
to surplus reserves

     3.3.2 Appropriation
to owners (or                0.00   0.00           0.00 0.00              0.00      0.00           0.00   0.00          0.00 -3,477,021,263.00 0.00 -3,477,021,263.00
shareholders)

     3.3.3 Other             0.00   0.00   51,007,123.00 0.00             0.00      0.00           0.00   0.00          0.00    -264,607,123.00 0.00   -213,600,000.00

  3.4 Transfers within
                             0.00   0.00           0.00 0.00              0.00      0.00 -41,613,889.00   0.00   4,161,389.00    37,452,500.00 0.00                   0.00
owners’ equity

     3.4.1 Increase in
capital (or share capital)   0.00   0.00           0.00 0.00              0.00      0.00           0.00   0.00          0.00              0.00 0.00                   0.00
from capital reserves


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     3.4.2 Increase in
capital (or share capital)                0.00    0.00             0.00 0.00               0.00              0.00           0.00    0.00              0.00            0.00 0.00                   0.00
from surplus reserves

     3.4.3 Loss offset by
                                          0.00    0.00             0.00 0.00               0.00              0.00           0.00    0.00              0.00            0.00 0.00                   0.00
surplus reserves

     3.4.4 Changes in
defined benefit schemes
                                          0.00    0.00             0.00 0.00               0.00              0.00           0.00    0.00              0.00            0.00 0.00                   0.00
transferred to retained
earnings

     3.4.5 Other
comprehensive income
                                          0.00    0.00             0.00 0.00               0.00              0.00 -41,613,889.00    0.00     4,161,389.00    37,452,500.00 0.00                   0.00
transferred to retained
earnings

     3.4.6 Other                          0.00    0.00             0.00 0.00               0.00              0.00           0.00    0.00              0.00            0.00 0.00                   0.00

3.5 Specific reserve                      0.00    0.00             0.00 0.00               0.00              0.00           0.00    0.00              0.00            0.00 0.00                   0.00

     3.5.1 Increase in the
                                          0.00    0.00             0.00 0.00               0.00              0.00           0.00    0.00              0.00            0.00 0.00                   0.00
period

     3.5.2 Used in the
                                          0.00    0.00             0.00 0.00               0.00              0.00           0.00    0.00              0.00            0.00 0.00                   0.00
period

3.6 Other                                 0.00    0.00             0.00 0.00       4,777,179.00              0.00           0.00    0.00              0.00            0.00 0.00       4,777,179.00

4. Balance as at the end
                             34,798,398,763.00    0.00 14,198,004,550.00 0.00 37,009,636,632.00 1,036,298,508.00 -28,652,968.00     0.00 2,448,578,058.00 11,481,907,173.00 0.00 98,871,573,700.00
of the Reporting Period

            H1 2020
                                                                                                                                                                                   Unit: RMB

                                                                                                             H1 2020
             Item
                                  Share capital     Other equity instruments     Capital reserves    Less:      Other     Specific Surplus reserves     Retained     Other    Total owners’ equity

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                                                   Preferred                                            Treasury comprehensive reserve                      earnings
                                                               Perpetual bonds Other
                                                    shares                                               stock      income

1. Balance as at the end of
                               34,798,398,763.00       0.00 8,013,156,853.00 0.00 37,608,039,685.00        0.00 193,638,576.00    0.00 1,516,139,709.00 4,781,488,839.00       0.00     86,910,862,425.00
the period of prior year

Add: Adjustment for
                                           0.00        0.00               0.00 0.00              0.00      0.00           0.00    0.00   533,906,114.00 4,805,155,025.00       0.00       5,339,061,139.00
change in accounting policy

  Adjustment for
                                           0.00        0.00               0.00 0.00              0.00      0.00           0.00    0.00             0.00                0.00    0.00                       0.00
correction of previous error

  Other adjustments                        0.00        0.00               0.00 0.00              0.00      0.00           0.00    0.00             0.00                0.00    0.00                       0.00

2. Balance as at the
beginning of the Reporting 34,798,398,763.00           0.00 8,013,156,853.00 0.00 37,608,039,685.00        0.00 193,638,576.00    0.00 2,050,045,823.00 9,586,643,864.00       0.00     92,249,923,564.00
Period

3. Increase/ decrease in the
                                           0.00        0.00 6,184,847,697.00 0.00         -330,758.00      0.00 206,469,234.00    0.00             0.00    45,514,918.00       0.00       6,436,501,091.00
period (“-” for decrease)

  3.1 Total comprehensive
                                           0.00        0.00               0.00 0.00              0.00      0.00 206,469,234.00    0.00             0.00   958,415,496.00       0.00       1,164,884,730.00
income

  3.2 Capital increased and
                                           0.00        0.00 5,967,915,094.00 0.00                0.00      0.00           0.00    0.00             0.00                0.00    0.00       5,967,915,094.00
reduced by owners

3.2.1 Ordinary shares
                                           0.00        0.00               0.00 0.00              0.00      0.00           0.00    0.00             0.00                0.00    0.00                       0.00
increased by owners

3.2.2 Capital increased by
holders of other equity                    0.00        0.00 5,967,915,094.00 0.00                0.00      0.00           0.00    0.00             0.00                0.00    0.00       5,967,915,094.00
instruments

3.2.3 Share-based payments
                                           0.00        0.00               0.00 0.00              0.00      0.00           0.00    0.00             0.00                0.00    0.00                       0.00
included in owners’ equity

3.2.4 Other                                0.00        0.00               0.00 0.00              0.00      0.00           0.00    0.00             0.00                0.00    0.00                       0.00


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  3.3 Profit distribution     0.00   0.00   216,932,603.00 0.00             0.00    0.00   0.00   0.00   0.00 -912,900,578.00    0.00        -695,967,975.00

     3.3.1 Appropriation to
                              0.00   0.00            0.00 0.00              0.00    0.00   0.00   0.00   0.00            0.00    0.00                       0.00
surplus reserves

     3.3.2 Appropriation to
                              0.00   0.00            0.00 0.00              0.00    0.00   0.00   0.00   0.00 -695,967,975.00    0.00        -695,967,975.00
owners (or shareholders)

     3.3.3 Other              0.00   0.00   216,932,603.00 0.00             0.00    0.00   0.00   0.00   0.00 -216,932,603.00    0.00                       0.00

  3.4 Transfers within
                              0.00   0.00            0.00 0.00              0.00    0.00   0.00   0.00   0.00            0.00    0.00                       0.00
owners’ equity

     3.4.1 Increase in
capital (or share capital)    0.00   0.00            0.00 0.00              0.00    0.00   0.00   0.00   0.00            0.00    0.00                       0.00
from capital reserves

     3.4.2 Increase in
capital (or share capital)    0.00   0.00            0.00 0.00              0.00    0.00   0.00   0.00   0.00            0.00    0.00                       0.00
from surplus reserves

     3.4.3 Loss offset by
                              0.00   0.00            0.00 0.00              0.00    0.00   0.00   0.00   0.00            0.00    0.00                       0.00
surplus reserves

     3.4.4 Changes in
defined benefit schemes
                              0.00   0.00            0.00 0.00              0.00    0.00   0.00   0.00   0.00            0.00    0.00                       0.00
transferred to retained
earnings

     3.4.5 Other
comprehensive income
                              0.00   0.00            0.00 0.00              0.00    0.00   0.00   0.00   0.00            0.00    0.00                       0.00
transferred to retained
earnings

     3.4.6 Other              0.00   0.00            0.00 0.00              0.00    0.00   0.00   0.00   0.00            0.00    0.00                       0.00

3.5 Specific reserve          0.00   0.00            0.00 0.00              0.00    0.00   0.00   0.00   0.00            0.00    0.00                       0.00


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     3.5.1 Increase in the
                                          0.00    0.00             0.00 0.00              0.00    0.00          0.00    0.00            0.00             0.00     0.00                       0.00
period

     3.5.2 Used in the
                                          0.00    0.00             0.00 0.00              0.00    0.00          0.00    0.00            0.00             0.00     0.00                       0.00
period

3.6 Other                                 0.00    0.00             0.00 0.00        -330,758.00   0.00          0.00    0.00            0.00             0.00     0.00            -330,758.00

4. Balance as at the end of
                              34,798,398,763.00   0.00 14,198,004,550.00 0.00 37,607,708,927.00   0.00 400,107,810.00   0.00 2,050,045,823.00 9,632,158,782.00    0.00     98,686,424,655.00
the Reporting Period




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BOE Technology Group Co., Ltd.                                                                               Interim Report 2021


III Company Profile

Founded in Beijing on 9 April 1993 and headquartered in the city, BOE Technology Group Co., Ltd. (hereinafter referred to as the
“Company”) is a company limited by shares. Its parent and ultimate controller is Beijing Electronics Holding Co., Ltd. (“Electronics
Holding”). The Company and its affiliated subsidiaries (hereinafter jointly referred to as the “Group”) are divided into five major
business divisions, namely, display business, smart systems innovation business, smart medicine & engineering integration business,
sensor and application solution business and MLED business. For information about the Company’s subsidiaries, see Part IV herein.
For information about the Company’s subsidiaries, see Note IX.
The consolidation scope for consolidated financial statements was determined based on control including the Company and
subsidiaries controlled by the Company.
Information about subsidiaries was presented in Note IX.
The increase and decrease of subsidiaries was listed in Note IX.


IV Basis for the Preparation of Financial Statements

1. Preparation Basis

The financial statements have been prepared on the basis of going concern.


2. Continuing Operations

The Company had the continuing operations ability within 12 months since the end of the Reporting Period.


V Significant Accounting Policies and Estimates

Reminder of the specific accounting policies and estimates:
Naught


1. Statement of Compliance with the Accounting Standards for Business Enterprises

The financial statements have been prepared in accordance with the requirements of Accounting Standards for Business Enterprises
issued by the Ministry of Finance (hereinafter referred to as MOF). These financial statements present truly and completely t he
consolidated financial position and financial position as of 30 June 2021, the consolidated results of operations and results of
operations and the consolidated cash flows and cash flows in the first half year of 2021 of the Company.


2. Accounting period

The accounting year of the Group is from January 1 st to December 31st.


3. Operating Cycle

The Company regarded the period from purchasing the assets for processing to realizing the cash or cash equivalents as the normal
operating cycle. The operating cycle of the main business of the Company usually is less than 12 months.




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4. Recording Currency

The Company’s functional currency is Renminbi. These financial statements are presented in Renminbi. The basis of choosing the
functional currency for the Company and its subsidiaries is that it’s the pricing and settlement currency for the main business. Some
subsidiaries of the Company adopt the currency other than RMB as the recording currency. The Company translates the foreign
currency financial statement of subsidiaries when compiling the financial statement.


5. Accounting Treatments for a Business Combination Involving Entities Under and those not Under
Common Control

(1) Business combination involving entities under common control
A business combination involving enterprises under common control is a business combination in which all of the combining
enterprises are ultimately controlled by the same party or parties both before and after the business combination, and that control is
not transitory. The assets and liabilities obtained are measured at the carrying amounts as recorded by the enterprise being combined
at the combination date. The difference between the carrying amount of the net assets obtained and the carrying amount of
consideration paid for the combination (or the total face value of shares issued) is adjusted to share premium in the capital reserve. If
the balance of share premium is insufficient, any excess is adjusted to retained earnings. Other direct expenses occur when t he Group
conducting business combinations is recognized in current profit and loss. The combination date is the date on which one combining
enterprise effectively obtains control of the other combining enterprises.
(2) Business combinations involving entities not under common control
A business combination involving entities not under common control is a business combination in which all of the combining entities
are not ultimately controlled by the same party or parties both before and after the business combination. When the Group acts as the
combination party, the cost of a business combination paid by the acquirer is the aggregate of the fair value at the acquisit ion date of
assets given (including share equity of the acquiree held before the combination date), liabilities incurred or assumed, and equity
securities issued by the acquirer. Any excess of the cost of a business combination over the acquirer’s interest in the fair value of the
acquiree’s identifiable net assets is recognized as goodwill (see Note III-17), while any excess of the acquirer’s interest in the fair
value of the acquiree’s identifiable net assets over the cost of a business combination is recognized in profit or loss. The cost of
equity securities or liability securities as on combination consideration offering is recognized in initial recording capital on equity
securities or liability securities. Other direct expenses occur when the Group conducting business combinations is recognized in
current profit and loss. The difference between the fair value and the carrying amount of the assets given is recognized in profit or
loss. The Group, at the acquisition date, recognized the acquiree’s identifiable asset, liabilities and contingent liabilitie s at their fair
value at that date. The acquisition date is the date on which the acquirer effectively obtains control of the acquiree.
In a business combination not under same control realized by two or more transactions of exchange, for the equities of the purchases
held before the purchase date, the Group will execute the remeasurement according to the fair value of the equity on the purchase
date with the difference between the fair value and its book value be recorded in the current investment income or other
comprehensive income. The other comprehensive income which could be reclassified in the gains and losses afterwards under the
measurement of the equity method and the changes of the equities of the other owners that involved with the afterwards equity of the
purchases held before the purchase date should be transferred in the current investment income (see Note III-11-(2)-(b)). When the
equity in the acquiree held before the acquisition date is the investment in equity instrument at fair value through other
comprehensive income, the other comprehensive income recognized before the acquisition date shall be transferred into retained
earnings on the acquisition date.




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BOE Technology Group Co., Ltd.                                                                                    Interim Report 2021


6. Preparation Methods for Consolidated Financial Statements

(1) General principle
The scope of consolidated financial statements is determined on the base of control, which comprise the Company and its
subsidiaries. The term “control” is the power of the Group upon an investee, with which it can take part in relevant activities of the
investee to obtain variable returns and is able to influence the amount of returns. When judging whether the Group owns the right on
the investees or not, the Group only considers the substantive rights related to the investees (including the substantive rights enjoyed
by the Group itself and by the other parties). The financial status, operating results and cash flow of subsidiaries are included in the
consolidated financial statements from the date that control commences until the date that control ceases.
Equity, profit or loss attributable to minority shareholders is presented separately under the item of shareholders’ equity in
consolidated income statement and the net profits in the consolidated income statement.
If current loss shoulder by minority shareholders of a subsidy over the proportion enjoyed by minority shareholders in a subsidy at
owners’ equity at period-begin, its balance still offset minority shareholders’ equity.
When the accounting period or accounting policies of a subsidiary are different from those of the Company, the Company makes
necessary adjustments to the financial statements of the subsidiary based on the Company’s own accounting period or accounting
policies. Intra-group balances and transactions, and any unrealized profit or loss arising from intra-group transactions, are eliminated
in preparing the consolidated financial statements. Unrealized losses resulting from intra-group transactions are eliminated in the
same way as unrealized gains but only to the extent that there is no evidence of impairment.
(2) Acquiring the subsidiaries from merger
Where a subsidiary was acquired during the Reporting Period, through a business combination involving entities under common
control, the financial statements of the subsidiary are included in the consolidated financial statements based on book value in the
consolidated balance sheet of the subsidiary’s assets, liabilities and results of operations as if the combination had occurred at the
date that common control was established. Therefore the opening balances and the comparative figures of the consolidated financial
statements are restated.
Where a subsidiary was acquired during the Reporting Period, through a business combination involving entities not under comm on
control, when prepared the consolidated financial statements, the Company shall included the acquired subsidiaries into the
consolidated scope from the acquisition date basing on the fair value of the identifiable assets, liabilities at the acquisition date.
(3) Disposing the subsidiaries
Where the control of former subsidiary was lost, any disposal profit or loss occurred shall be recorded into the investment income
during the period of losing control right. As for remaining equity investment, the Group will re-account it according to the fair value
at the date the control was lost. Any profit or loss occurred shall be recorded into the investment income during the period of losing
control right.
Where the Group losses control on its original subsidiaries due to step by step disposal of equity investments through multiple
transactions, should judge whether is the package deal according to the following principles:
- These deals are at the same time or under the condition of considering the influence of each other to concluded;
- These transactions only when be regarded as a whole could achieve a complete business result;
- The occurrence of a deal depends on at least one other transactions;
- A deal alone is not economical, it is economical with other trading together.
If each deal not belongs to a package deal, as for each deal before losing the control right on the subsidiaries, should be disposed
according to the accounting policies of partly disposing the equity investment of the subsidiaries under the situation not losing the
control right.
If each deal belongs to a package deal, considered as a transaction and conduct accounting treatment, however, before losing control,
the differences between every disposal cost and the shares of the book value of the corresponding net assets continuously calculated

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BOE Technology Group Co., Ltd.                                                                                  Interim Report 2021


since the purchase date of the subsidiary of disposal investment are confirmed as other comprehensive income in consolidated
financial statements, which together transferred into the current profits and losses in the loss of control , when the Group losing
control on its subsidiary.
(4) Changes of non-controlling interests
Where the Company acquires a minority interest from a subsidiary’s minority shareholders or disposes of a portion of an interest in a
subsidiary without a change in control, the difference between the amount by which the minority interests are adjusted and the
amount of the consideration paid or received is adjusted to the capital reserve (share premium) in the consolidated balance sheet. If
the credit balance of capital reserve (share premium) is insufficient, any excess is adjusted to retained earnings.


7. Classification of Joint Arrangements and Accounting Treatment of Joint Operations

A joint arrangement refers to an arrangement jointly controlled by two participants or above and all the participants are res tricted by
the arrangement; and two or more participants execute the jointly control on the arrangement. Any of the participant should not
individually control the arrangement, while any of the participant that owns the jointly control could stop other partici pants or the
participants group from individually control the arrangement.
Joint arrangements divided into joint operations and joint ventures. A joint operation refers to a joint arrangement where the
participant party enjoys assets and has to bear liabilities related to the arrangement. A joint venture refers to a joint arrangement
where the participant party is only entitled to the net assets of the arrangement.
The participant party should confirm the following items related to the interests portion among the jointly operation and execute the
accounting treatment according to the regulations of the relevant ASBE: recognizes the assets and liabilities that it holds and bears in
the joint operation, and recognizes the jointly-held assets and jointly-borne liabilities according to the Group’s stake in the joint
operation; recognizes the income from sale of the Group’s share in the output of the joint operation; recognizes the income from sale
of the joint operation’s outputs according to the Group’s stake in it; and recognizes the expense solely incurred to the Group and the
expense incurred to the joint operation according to the Group’s stake in it.


8. Recognition Standard for Cash and Cash Equivalents

In the Group’s understanding, cash and cash equivalents include cash on hand, any deposit that can be used for cover, and short-term
and high circulating investments, which are easily convertible into known amount of cash and whose risks in change of value are
minimal.


9. Foreign Currency Businesses and Translation of Foreign Currency Financial Statements

When the Group receives capital in foreign currencies from investors, the capital is translated to Renminbi at the spot exchange rate
at the date of the receipt. Other foreign currency transactions are, on initial recognition, translated to Renminbi at the spot exchange
rates at the dates of the transactions.
Monetary items denominated in foreign currencies are translated to Renminbi at the spot exchange rate at the balance sheet date. The
resulting exchange differences are recognized in profit or loss, except those arising from the principals and interests on foreign
currency borrowings specifically for the purpose of acquisition, construction of qualifying assets. Non-monetary items denominated
in foreign currencies that are measured at historical cost are translated to Renminbi using the foreign exchange rate at the transaction
date. Non-monetary items denominated in foreign currencies that are measured at fair value are translated using the foreign exchange
rate at the date the fair value is determined; the exchange differences, if it’s the difference arising from the non-monetary item of
non-transactional equity investments designated to be measured at fair value and changes thereof recorded into other compr ehensive
income, it shall be considered as other comprehensive income; other differences shall be recognized in current profit or loss.


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BOE Technology Group Co., Ltd.                                                                                     Interim Report 2021


The assets and liabilities of foreign operation are translated to Renminbi at the spot exchange rate at the balance sheet date. The
equity items, excluding “Retained earning” and “Difference arising from translation of foreign currency financial statements in other
comprehensive income”, are translated to Renminbi at the spot exchange rates at the transaction dates.         The income and expenses of
foreign operation are translated to Renminbi at rates that approximate the spot exchange rates at the transaction dates. The resulting
exchange differences are listed in other comprehensive income. Upon disposal of a foreign operation, the cumulative amount of the
exchange differences recognized in equity which relates to that foreign operation is transferred to profit or loss in the period in which
the disposal occurs.
10. Financial instruments
(1) Recognition and initial measurement of financial assets and financial liabilities
A financial asset or financial liability is recognised in the balance sheet when the Group becomes a party to the contractual provisions
of a financial instrument.
Financial assets (unless it is a trade receivable without a significant financing component) and financial liabilities is meas ured
initially at fair value. For financial assets and financial liabilities at fair value through profit or loss, any related directly attributable
transaction costs are charged to profit or loss; for other categories of financial assets and financial liabilities, any related directly
attributable transaction costs are included in their initial costs. A trade receivable without a significant financing component is
initially measured at the transaction price according to Accounting Standards for Business Enterprises No.14-Revenue.
(2) Classification and subsequent measurement of financial assets
(a) Classification of financial assets
The classification of financial assets is generally based on the business model in which a financial asset is managed and its
contractual cash flow characteristics. On initial recognition, a financial asset is classified as measured at amortised cost, at fair value
through other comprehensive income (“FVOCI”), or at fair value through profit or loss (“FVTPL”).
Financial assets are not reclassified subsequent to their initial recognition unless the Group changes its business model for managing
financial assets in which case all affected financial assets are reclassified on the first day of the first reporting period following the
change in the business model.
A financial asset is measured at amortised cost if it meets both of the following conditions and is not designated as at FVTPL:
- it is held within a business model whose objective is to hold assets to collect contractual cash flows; and
- its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal
amount outstanding.


11. Notes Receivable

The Company will always measure the provision for notes receivable whether including major financing components or not based on
the amount similar to that of expected credit losses for the whole existence period and the amount increased or reversed of
impairment for losses generated shall be recorded into the current profit or loss as gains or losses of impairment.


Note: The method of determining the expected credit loss of notes receivable and the accounting treatment are described, including
the method of assessing whether the credit risk has increased considerably since the initial recognition, and the combination method
of assessing the expected credit based on the combination.


12. Accounts Receivable

The recognition standard and withdrawal method of bad debt provision for accounts receivable of the Company since 2019 are as
follows:
For accounts receivable, the Group measures the loss provision by the amount that is equivalent to the expected credit loss of the


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BOE Technology Group Co., Ltd.                                                                                  Interim Report 2021


entire duration. The Group uses preparation matrix to calculate the expected credit loss of the financial assets aforementioned based
on historical experience of credit losses. Relevant historical experience is based on particular factors of the borrowers on the balance
sheet date, and adjustment will be made to the current status and the estimation of the future economic status.
The expected credit loss is calculated with the overdue days and the loss given default comparison table as the basis. According to
the historical experience of the Group, different loss models apply to different segments of customer groups.


Note: the method of determining the expected credit loss of accounts receivable and the accounting treatment are described,
including the method of assessing whether the credit risk has increased considerably since the initial recognition, and the
combination method of assessing the expected credit based on the combination.
The Company shall comply with the disclosure requirements of the Guidelines No. 10 of Shenzhen Stock Exchange on Industry
Information Disclosure -- Listed Companies Engaging in Business Related to Explosives for Civil Uses.
Note: according to different business models, the recognition of receivables, credit policy and bad debt provision policy are disclosed
in detail.
The Company shall comply with the disclosure requirements of the Guidelines No. 6 of Shenzhen Stock Exchange on Industry
Information Disclosure -- Listed Companies Engaging in Home Furnishing and Decoration Business.
Note: according to different business models, the recognition of receivables, payment collection conditions and bad debt provision
policy are disclosed in detail.
The Company shall comply with the disclosure requirements of the Guidelines No. 7 of Shenzhen Stock Exchange on Industry
Information Disclosure -- Listed Companies Engaging in Civil Engineering Construction Business.
Note: according to different business models, the recognition of receivables, payment collection conditions and bad debt provision
policy are disclosed in detail.


13. Accounts Receivable Financing

Naught


14. Other Receivables

The recognition method and accounting treatment of expected credit losses of other receivables
The recognition method and accounting treatment of expected credit losses of other receivables
See Note V. 10 Financial Instruments for details


15. Inventory

(1) Classification and cost of inventories
Inventories include raw materials, work in progress, finished goods and reusable materials. Reusable materials include low-value
consumables, packaging materials and other materials, which can be used repeatedly but do not meet the definition of fixed assets.
Inventories are initially measured by the cost. Cost of inventories comprises all costs of purchase, costs of conversion and other costs.
Inventories are initially measured at their actual cost.   In addition to the purchasing cost of raw materials, work in progress and
finished goods include direct labor costs and an appropriate allocation of production overheads.
(2) Pricing method for outgoing inventories
Cost of inventories is calculated using the weighted average method.
Revolving materials such as the low priced and easily worn articles and the packing materials should be amortized by adopting

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BOE Technology Group Co., Ltd.                                                                                    Interim Report 2021


one-time amortization method and be recorded in the cost of the relevant assets or the current gains and losses.
(3) Recognition basis of net realizable value and withdrawal method of depreciation reserves for inventories
On the balance sheet day, inventories are carried at the lower of cost and net realizable value.
Net realizable value is the estimated selling price in the normal course of business less the estimated costs to completion a nd the
estimated expenses and related taxes necessary to make the sale. The net realizable value of materials held for use in the production
of inventories is measured based on the net realizable value of the finished goods in which they will be incorporated. The net
realizable value of the quantity of inventory held to satisfy sales or service contracts is based on the contract price. If the quantities of
inventories specified in sales contracts are less than the quantities held by the Group, the net realizable value of the excess portion of
inventories shall be based on general selling prices.
Any excess of the cost over the net realizable value of each class of inventories is recognized as a provision for diminution in the
value of inventories, and then recorded into current profit or loss.
(4) Inventory system for inventories
The Group maintains a perpetual inventory system.


16. Contract Assets

Contract assets refer to the right that the Group has to charge consideration from customers due to the transfer of commodities to
them, and the right depends on other factors than time lapse. If the Group sells two highly distinguishable commodities to a customer,
and has the right to receive payment due to the delivery of one of the commodities, but with the collection of the payment depending
on the delivery of the other, the Group will treat this right of payment as a contract asset.
See Note V. 10 Financial Instruments for details


17. Contract Costs

Contract costs are either the incremental costs of obtaining a contract with a customer or the costs to fulfill a contract with a customer.
Incremental costs of obtaining a contract are those costs that the Group incurs to obtain a contract with a customer that it would not
have incurred if the contract had not been obtained. The Group recognizes as an asset the incremental costs of obtaining a contract
with a customer if it expects to recover those costs. Other costs of obtaining a contract are expensed when incurred. Incremental costs
incurred as the Group obtains a contract refer to those costs which will not incur without entering into a contract.
If the costs to fulfill a contract with a customer are not within the scope of inventories or other accounting standards, the Group
recognizes an asset from the costs incurred to fulfill a contract only if those costs meet all of the following criteria:
the costs relate directly to an existing contract or to a specifically identifiable anticipated contract, including direct labor, direct
materials, allocations of overheads (or similar costs), costs that are explicitly chargeable to the customer and other costs that are
incurred only because the Group entered into the contract;
the costs enhance resources of the Group that will be used in satisfying performance obligations in the future;
the costs are expected to be recovered.
Assets recognized for the incremental costs of obtaining a contract and assets recognized for the costs to fulfill a contract (the "assets
related to contract costs") are amortized on a systematic basis that is consistent with the transfer to the customer of the goods or
services to which the assets relate and recognized in profit or loss for the current period.
The Group recognizes an impairment loss in profit or loss to the extent that the carrying amount of an asset related to contract costs
exceeds:
remaining amount of consideration that the Group expects to receive in exchange for the goods or services to which the asset relates;
the costs that relate directly to providing those goods or services that have not yet been recognized as expenses.

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BOE Technology Group Co., Ltd.                                                                                   Interim Report 2021


18. Assets Held for Sale

The Group should divide the non-current assets (or the disposal group, that is an asset group concurrently be disposed through selling
or other methods as an entirety in a transaction and the liabilities directly related to the assets from the transfer among the transaction,
the same below )which simultaneously meet with the following conditions as the assets held for sale.
– The non-current assets or disposal group could be immediately sold under the current condition in accordance with the usual terms
of selling this kind of assets in similar transactions;
– The sale is extremely possible that is to say, the Company has made a resolution regarding a sales planning and signed a legally
binding purchase agreement with other party, and the sale is expected to be finished within one year.
When the non-current assets be divided as assets held for sale (excluding financial assets), the Group measures the non-current assets
held for sale, deferred income tax assets and the investment properties be follow-up measured by the fair value mode according to the
lower one between the book value and the fair value after deducting the net amount of the disposal expenses, while the deference that
the book value higher than the fair value which deducted the disposal expenses should be recognized as the impairment losses of the
assets.
The fixed assets and intangible assets be divided as assets held for sale and the investment properties be follow-up measured by the
cost mode would not be withdrawn, depreciated or amortized, while the long-term equity investment be divided as assets held for
sale that measured by equity method should cease the equity method measurement.


19. Investments in Debt Obligations

See Note V. 10 Financial Instruments for details


20. Other Investments in Debt Obligations

See Note V. 10 Financial Instruments for details


21. Long-term Receivables

Naught


22. Long-term Equity Investments

(1) Recognition of the investment cost of the long-term equity investment
(a) Long-term equity investments acquired through a business combination– The initial investment cost of a long-term equity
investment obtained through a business combination involving entities under common control is the Company’s share of the
subsidiary’s equity at the combination date. The difference between the initial investment cost and the carrying amounts of the
consideration given is adjusted to share premium in capital reserve. If the balance of the share premium is insufficient, any excess is
adjusted to retained earnings. For the long-term equity investment of the subsidiaries formed from the enterprise merger under the
same control that realized step by step of the multiple transaction not belong to package deal, the Company would adjust the capital
stock premium among the capital surplus according to the difference between the initial investment cost of the long-term equity
investment recognized according to the above principles and the sum of the book value of the long-term equity investment before
reaching the merger and the book value of the newly paid consideration which be further received on the merger date, and if the
balance of the share premium is insufficient, any excess is adjusted to retained earnings.
– For other long-term equity investment obtained through entities not under common control, the fair values, on the acquisition date,


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BOE Technology Group Co., Ltd.                                                                                      Interim Report 2021


of the assets given, the liabilities incurred or assumed and the equity securities issued by the acquirer in exchange for the control on
the acquiree shall be recognized as initial investment cost of the long-term equity investment. For long-term equity investment
obtained through a business combination involving entities not under common control by two or more transactions and by several
steps, the initial investment cost is recognized as the aggregation of the carrying value of acquirees’ equity investment before the
acquisition date held by the Company and newly investment cost at the acquisition date.
(b) Long-term equity investments acquired otherwise than through a business combination
For the Long-term equity investments acquired otherwise than through a business combination, if the long-term investment is
acquired by paying cash, the Group shall, upon initial recognition, take the purchase price actually paid as the initial investment cost ;
For the long-term equity investment obtained by issuing equity securities, the Group takes the fair value of equity securities issued as
the initial investment cost.
(2) Subsequent measurement and recognition of profits or losses of the long-term equity investment
(a) Investments in subsidiaries
In the Company’s financial statements, investments in subsidiaries are accounted for using the cost method, unless the invest ment is
classified as held for sale. Cash dividends or profit distributions declared by subsidiaries and attributed to the Company shall be
recognized as investment income, without dividing whether it’s the net profit realized by the investee before the investment or after
the investment, except those that have been declared but unpaid at the time of acquisition and therefore included in the price paid or
consideration.
The investment into the subsidiaries is stated at cost less impairment losses in the balance sheet.
As for the impairment testing method and impairment provisions for investments in subsidiaries, please refer to V. Significant
Accounting Policies and Estimates-31. Long-term Asset Impairment.
In the Group’s consolidated financial statements, long-term equity investments in subsidiaries are treated in accordance with V.
Significant Accounting Policies and Estimates-6. Preparation Method for Consolidated Financial Statements.
(b) Investment in jointly controlled enterprises and associates
The joint enterprise refers to an arrangement that the Group and other joint operation parties execute jointly control and only enjoy
the rights of their own net assets.
An associate is an enterprise over which the Group has significant influence.
Upon the subsequent measurement, an investment in a jointly controlled enterprise or an associate is accounted for using the equity
method, unless the investment is classified as held for sale.
The Group makes the following accounting treatments when using the equity method:
– Where the initial investment cost of a long-term equity investment exceeds the Group’s interest in the fair value of the investee’s
identifiable net assets at the date of acquisition, the investment is initially recognized at the initial investment cost. Where the initial
investment cost is less than the Group’s interest in the fair value of the investee’s identifiable net assets at the date of acquisition, the
investment is initially recognized at the investor’s share of the fair value of the investee’s identifiable net assets, and t he difference is
charged to profit or loss.
– After the acquisition of the investment, the Group recognizes its share of the investee’s net profits or losses after deducting the
amortization of the debit balance of equity investment difference, which was recognized by the Group before the first-time adoption
of CAS, as investment income or losses, and adjusts the carrying amount of the investment accordingly. The debit balance of the
equity investment difference is amortized using the straight-line method over a period which is determined in accordance with
previous accounting standards. Once the investee declares any cash dividends or profits distributions, the carrying amount of the
investment is reduced by that attributable to the Group. As for the other changes of the owners’ equities except for the net gains and
losses, other comprehensive income and profits distribution of the joint ventures or associated enterprises (hereinafter referred to as
“changes of other owners’ equities”), the Group included which in the shareholders’ equities according to the portion ought to be
enjoyed or shared, and at the same time adjust the book value of the long-term equity investment.


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BOE Technology Group Co., Ltd.                                                                                 Interim Report 2021


– The Group recognizes its share of the investee’s net profits or losses, other comprehensive income and changes of other owners’
equities after making appropriate adjustments to align the accounting policies or accounting periods with those of the Group based on
the fair values of the investee’s identifiable net assets at the date of acquisition. Unrealized profits and losses resulting from
transactions between the Group and its associates or jointly controlled enterprises are eliminated to the extent of the Group ’s interest
in the associates or jointly controlled enterprises. Unrealized losses resulting from transactions between the Group and its associates
or jointly controlled enterprises are eliminated in the same way as unrealized gains but only to the extent that there is no evidence of
impairment.
– The Group discontinues recognizing its share of net losses of the investee after the carrying amount of the long-term equity
investment and any long-term interest that in substance forms part of the Group’s net investment in the associate or the jointly
controlled enterprise is reduced to zero, except to the extent that the Group has an obligation to assume additional losses. Where net
profits are subsequently made by the associate or jointly controlled enterprise, the Group resumes recognizing its share of t hose
profits only after its share of the profits equals the share of losses not recognized.
As for the impairment testing method and impairment provisions for investments in joint ventures and associated enterprises, please
refer to V. Significant Accounting Policies and Estimates-31. Long-term Asset Impairment.
(3) The basis for determination of joint control or significant influence over investee enterprise
Joint control refers to the control jointly owned on certain arrangement according to relevant agreement and the relevant activities of
the arrangement (which are the activities cause significant influences on the arrangement) could only execute the decision-making
through the unanimous consent of the parties sharing control.
The following evidences shall be considered when determining whether the Group can exercise joint control over an investee:
 No single venture is in a position to control the operating activities unilaterally;
 Operating decisions relating to the investee’s economic activity require the unanimous consent of the parties sharing control.
Significant influence is the power to participate in the financial and operating policy decisions of an investee but is not control or
joint control over those policies.


23. Investment Property

Measurement model for investment property
Cost measurement
Method of depreciation and amortization
The Company classified its real estate held for earning rents or capital appreciation or for both into the investment propert y. The
Company applied the cost model to measure the investment real estate. Namely, it would be presented in the Balance Sheet through
deducting the accumulated depreciation, amortization and the depreciation reserves from the costs. Besides, the Company would
calculate and withdraw or amortize the investment real estate by using the straight-line method within the service life through
deducting the predicted net residual value and the accumulated provision reserves from the costs, unless the investment real estate
could meet corresponding held-for-sale conditions.


24. Fixed Assets

(1) Conditions for Recognition

Fixed assets represent the tangible assets held by the Group for use in the production of goods or supply of services for rental to
others or for operation and administrative purposes with useful lives over one year. The cost of a purchased fixed asset comprises the
purchase price, related taxes, and any directly attributable expenditure for bringing the asset to working condition for its intended use.


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BOE Technology Group Co., Ltd.                                                                                  Interim Report 2021


The cost of self-constructed assets is measured in accordance with the policy set out in Note V. Significant Accounting Policies and
Estimates-25. Construction in Progress. Where parts of an item of fixed assets have different useful lives or provide benefits to the
Group in different patterns thus necessitating use of different depreciation rates or methods, each part is recognized as a separate
fixed asset. The subsequent costs, including the cost of replacing part of an item of fixed assets, are recorded into fixed asset cost
when the economic interests related to costs may flow into the Group, and the carrying amount of the replaced part is derecognized.
The costs of the day-to-day servicing of fixed assets are recognized in profit or loss as incurred. Fixed assets are stated in the balance
sheet at cost less accumulated depreciation and impairment losses.


(2) Depreciation Methods


 Category of fixed assets     Depreciation method           Depreciable life       Residual value rate (%)       Yearly depreciation

Workshops and buildings Straight-line method           10-50 years                3%-10%                      1.8%-9.7%

Equipments                  Straight-line method       2-25 years                 0-10%                       3.6%-50%

Others                      Straight-line method       2-10 years                 0-10%                       9.0%-50%


(3) Recognition Basis, Pricing and Depreciation Method of Fixed Assets by Finance Lease

Naught


25. Construction in Progress

The cost of the self-constructed fixed asset including the engineering materials, direct labor, borrowing expenses met with the
capitalization condition (refer to V. Significant Accounting Policies and Estimates, Borrowing Costs and the necessary expenses
happened before the assets reach the expected available state.
When the self-constructed fixed asset reaches the available state, should transfer into the fixed assets, before which should be listed
among the construction in progress and not withdraw the depreciation.


26. Borrowing Costs

Borrowing costs incurred directly attributable to the acquisition and construction of a qualifying asset are capitalized as part of the
cost of the asset. Other borrowing costs are recognised as financial expenses when incurred.
During the capitalisation period, the amount of interest (including amortisation of any discount or premium on borrowing) to be
capitalised in each accounting period is determined as follows:
-Where funds are borrowed specifically for the acquisition and construction of a qualifying asset, the amount of interest to be
capitalised is the interest expense calculated using effective interest rates during the period less any interest income earned from
depositing the borrowed funds or any investment income on the temporary investment of those funds before being used on the asset.
-To the extent that the Group borrows funds generally and uses them for the acquisition and construction of a qualifying asset, the
amount of borrowing costs eligible for capitalisation is determined by applying a capitalisation rate to the weighted average of the
excess amounts of cumulative expenditure on the asset over the above amounts of specific borrowings. The capitalisation rate is the
weighted average of the interest rates applicable to the general-purpose borrowings.
The effective interest rate is determined as the rate that exactly discounts estimated future cash flow through the expected life of the
borrowing or, when appropriate, a shorter period to the initially recognised amount of the borrowings.
During the capitalisation period, exchange differences related to the principal and interest on a specific-purpose borrowing

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BOE Technology Group Co., Ltd.                                                                                  Interim Report 2021


denominated in foreign currency are capitalised as part of the cost of the qualifying asset. The exchange differences related to the
principal and interest on foreign currency borrowings other than a specific-purpose borrowing are recognised as a financial expense
when incurred.
The capitalisation period is the period from the date of commencement of capitalisation of borrowing costs to the date of cessation of
capitalisation, excluding any period over which capitalisation is suspended. Capitalisation of borrowing costs commences when
expenditure for the asset is being incurred, borrowing costs are being incurred and activities of acquisition and construction that are
necessary to prepare the asset for its intended use are in progress, and ceases when the assets become ready for their intended use.
When the parts of the qualifying assets acquired or constructed that are eligible for capitalisation are completed separately, and each
part is available for use in other parts of the construction process or can be sold externally, and for the purpose of making the parts of
the assets ready for use or necessary for the sales status, the acquisition or construction activities have been substantially completed,
the Group ceases the capitalization of the borrowing costs related to the parts of the assets. Capitalisation of borrowing costs is
suspended when the acquisition and construction activities are interrupted abnormally for a period of more than three months.


27. Living Assets

Naught


28. Oil and Gas Assets

Naught


29. Right-of-Use Assets

The term "right-of-use assets" refers to the right of the Group as the lessee to use the leased assets during the lease term
(1) Initial measurement
After the commencement date of the lease term, the Group uses the cost for subsequent measurement of right-of-use assets. The cost
includes:
Initial measurement amount of lease obligation;
Lease payments made on or before the lease inception date (if a lease incentive exists, deduct the amount related to the lease
incentive already taken);
The initial direct costs incurred, i.e., the incremental costs incurred to achieve the lease;
costs expected to be incurred by the Group for dismantling and removing the leased asset(s), restoring the premises where the leased
asset(s) is/are located, or restoring the leased asset(s) to the status agreed in the leasing clauses (except for costs incur red for
inventory production).
(2) Follow-up measurement
After the commencement date of the lease term, the Group uses the cost model for subsequent measurement of right-of-use assets.
Depreciation of right-of-use assets
The Group depreciates the right-of-use assets in accordance with relevant depreciation provisions of the Accounting Standards for
Business Enterprises No. 4 - Fixed Assets.
Impairment of right-of-use assets
The Group will determine the impairment of the right-of-use assets and conduct accounting treatment of the impairment losses
already identified in accordance with relevant provisions of the Accounting Standards for Business Enterprises No. 8 - Asset
Impairment.


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BOE Technology Group Co., Ltd.                                                                                     Interim Report 2021


30. Intangible Assets

(1) Pricing Method, Useful life and Impairment test

(a) Pricing method of intangible assets
Intangible assets are stated in the balance sheet at cost less accumulated amortization (where the estimated useful life is finite) and
impairment losses. For an intangible asset with finite useful life, its cost less residual value and impairment losses are amortized on
the straight-line method over its estimated useful life, unless the intangible assets are classified as held for sale.
(b) Estimated useful life of intangible assets with limited useful life
As for the intangible assets with limited useful life, after deducting the salvage of the cost and the impairment provision, the Group
amortized the intangible assets through straight line method within the expected service life, unless the intangible assets are classified
as held for sale.
The respective amortisation periods for intangible assets are as follows:

Item                                                                      Amortisation period (years)

Land use rights                                                                                                               20 - 50 years

Patent and proprietary technology                                                                                               5 - 20years

Computer software                                                                                                               3 - 10years

Others                                                                                                                          5 - 20years



(c) Judgment basis of intangible assets with uncertain useful life
An intangible asset is regarded as having an indefinite useful life and is not amortized when there is no foreseeable limit to the period
over which the asset is expected to generate economic benefits for the Group. At the balance sheet date, the Group doesn’t have any
intangible assets with indefinite useful lives.
(d) Withdrawal of impairment provision of intangible assets
If any indication exists that an asset may be impaired, the recoverable amount of the asset is estimated. The recoverable amount of an
asset, asset group or set of asset groups is the higher of its fair value less costs to sell and its present value of expected future cash
flows. An asset group is the smallest identifiable group of assets that generates cash inflows that are largely independent of the cash
inflows from other assets or asset groups. An asset group is composed of assets directly relating to cash-generation. Identification of
an asset group is based on whether major cash inflows generated by the asset group are largely independent of the cash inflows from
other assets or asset groups. In identifying an asset group, the Group also considers how management monitors the Group’s
operations and how management makes decisions about continuing or disposing of the Group’s assets. An asset’s fair value less costs
to sell is the amount determined by the price of a sale agreement in an arm’s length transaction, less the costs that are directly
attributable to the disposal of the asset. The present value of expected future cash flows of an asset is determined by discounting
future cash flows, estimated to be derived from continuing use of the asset and from its ultimate disposal, to their present value using
a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset.
If the result of the recoverable amount calculation indicates that the recoverable amount of an asset is less than its carrying amount,
the carrying amount of the asset is reduced to its recoverable amount. That reduction is recognized as an impairment loss and charged
to profit or loss for the current period. A provision for impairment loss of the asset is recognized accordingly. For impairment losses
related to an asset group or a set of asset groups, first reduce the carrying amount of any goodwill allocated to the asset group or set
of asset groups, and then reduce the carrying amount of the other assets in the asset group or set of asset groups on a pro rata basis.
However, the carrying amount of an impaired asset will not be reduced below the highest of its individual fair value less costs to sell
(if determinable), the present value of expected future cash flows (if determinable) and zero.

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BOE Technology Group Co., Ltd.                                                                                 Interim Report 2021


Once an impairment loss is recognized, it is not reserved in a subsequent period.
Note: the valuation method of intangible assets shall be described. For intangible assets with limited service life, the estimated
service life shall be described. Where the service life of intangible assets cannot be determined, the judgment basis of its service life
uncertainty and the procedures for rechecking its service life shall be described.


Note: the valuation method of intangible assets shall be described. For intangible assets with limited service life, the esti mated
service life shall be described. Where the service life of intangible assets cannot be determined, the judgment basis of its service life
uncertainty and the procedures for rechecking its service life shall be described.


(2) Accounting Policies of Internal R & D Expenses

(a) Criteria of dividing the research phase and development phase of internal R&D project
Research is original and planned investigation undertaken with the prospect of gaining new scientific or technical knowledge and
understanding. Development is the application of research findings or other knowledge to a plan or design for the production of new
or substantially improved materials, devices, or products before the start of commercial production or use.
(b) Calculation of the expenditures of internal R&D project
Expenditures of internal R&D project of the Group divides into expenditures on the research phase and expenditures on the
development phase.
Expenditures on the research phase are recognized in profit or loss when incurred. Expenditures on the development phase are
capitalized if development costs can be measured reliably, the product or process is technically and commercially feasible, and the
Group intends to and has sufficient resources to complete development. Capitalized development costs are stated at cost less
impairment losses in the balance sheet. Other development expenditures are recognized as expenses in the period in which they are
incurred.
Note: Based on the characteristics of the Company's internal R&D projects, the specific criteria for dividing the research stage and
development stage, as well as the specific conditions for capitalization of the expenditure in the development stage shall be
described.
The Company shall comply with the disclosure requirements of the Guidelines No. 4 of Shenzhen Stock Exchange on Industry
Information Disclosure -- Listed Companies Engaging in Seed Industry and Planting Business.
Note: companies adopting different R&D modes shall disclose their R&D expenditure accounting policies according to the
characteristics of different R&D activities. For example, for overall R&D activities such as the building of scientific research system
and breakthrough varieties, as well as the specific R&D activities for the research of varieties in segment markets, the crit eria for
dividing the research stage and the development stage and the specific conditions for capitalization of the expenditure in the
development stage shall be disclosed respectively.


31. Impairment of Long-term Assets

The Group executes the impairment test on the assets with impairment indication and evaluates the recoverable amount of the assets.
Besides, whether there is impairment indication, the Group will evaluate the recoverable amount of the goodwill at the year-end. The
Group will amortize the book value of the good according to the benefit situation in the synergistic effect from the enterprise merger
by the relevant assets group or the combination of the assets group and based on which executes the impairment test of the goodwill.
The recoverable amount of an asset, asset group or set of asset groups is the higher of its fair value less costs to sell and its present
value of expected future cash flows. An asset group is the smallest identifiable group of assets that generates cash inflows that are
largely independent of the cash inflows from other assets or asset groups. Fair value refers to the price received from selling an asset


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BOE Technology Group Co., Ltd.                                                                                  Interim Report 2021


or paid for transferring a liability in the orderly transaction on the measurement date by the market participants. When the Group
evaluating the fair value, should consider the characteristics when executing pricing of the relevant assets or liabilities on the
measurement date of the market participants (including the assets conditions and the location, the restrictions of the sales or use of
the assets and so on) as well as adopt the evaluation technology that applicable under the current circumstance and owns adequate
available data and supported by other information. The evaluation technology used mainly including the market method, equity
method and cost method.
An asset group is the smallest identifiable group of assets that generates cash inflows that are largely independent of the cash inflows
from other assets or asset groups. An asset group is composed of assets directly relating to cash-generation. Identification of an asset
group is based on whether major cash inflows generated by the asset group are largely independent of the cash inflows from other
assets or asset groups. In identifying an asset group, the Group also considers how management monitors the Group’s operations and
how management makes decisions about continuing or disposing of the Group’s assets.
The present value of expected future cash flows of an asset is determined by discounting future cash flows, estimated to be derived
from continuing use of the asset and from its ultimate disposal, to their present value using a pre-tax discount rate that reflects current
market assessments of the time value of money and the risks specific to the asset.
If the result of the recoverable amount calculation indicates that the recoverable amount of an asset is less than its carrying amount,
the carrying amount of the asset is reduced to its recoverable amount. That reduction is recognized as an impairment loss and charged
to profit or loss for the current period. A provision for impairment loss of the asset is recognized accordingly. For impairment losses
related to an asset group or a set of asset groups, first reduce the carrying amount of any goodwill allocated to the asset group or set
of asset groups, and then reduce the carrying amount of the other assets in the asset group or set of asset groups on a pro rata basis.
However, the carrying amount of an impaired asset will not be reduced below the highest of its individual fair value less costs to sell
(if determinable), the present value of expected future cash flows (if determinable) and zero.
Once an impairment loss is recognized, it is not reserved in a subsequent period.


32. Long-term Deferred Expenses

Long-term deferred expenses are amortized on a straight-line method within the benefit period:

                         Item                                                    Amortization period (years)

Cost of construction and use of public facilities                                                                          10-15 years

Cost of operating lease assets improvement                                                                                  2-10 years

Others                                                                                                                      2-10 years


33. Contract Liabilities

Contract liabilities refer to the Company’s obligations in transferring commodities or services to the client for the received or
predicted consideration. Contract assets and contract liabilities under the same contract shall be presented based on the net amount.


34. Payroll

(1) Accounting Treatment of Short-term Compensation
During the accounting period of an employee' providing services, the Group recognizes the actual occurred or withdrawn worker
wages, bonuses and the social insurance charges such as the medical insurance premiums, industrial injury insurance premium and
birth insurance premium according to the specified benchmark and proportion as well as the housing funds as the liabilities and



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BOE Technology Group Co., Ltd.                                                                                  Interim Report 2021


records which in the current gains and losses or the relevant asset costs.

(2) Accounting Treatment of the Welfare after Demission
The defined contribution plans participated by the Group including: the basic endowment insurance and unemployment insurance
among the social security system set up and managed by the government institutions according to the requirements of the relevant
Chinese regulations of the employees of the Group and the corporation pension plan approved and set up by the relevant departments
according to the relevant policies of the state enterprise annuity system. The payment amount of the basic endowment insurance and
the unemployment insurance should be calculated according to the benchmark and the proportion stipulated by the nation. The
enterprise annuity should be withdrawn according to the certain proportion of the total amount of the worker wages of the employees
voluntarily participated in the pension plan. During the accounting period of the employees providing the service, the Compan y
recognizes the deposited amount as the liabilities and records in the current gains and losses or the relevant asset costs.

(3) Accounting Treatment of the Demission Welfare
The Group relieves the labor relations with the employees before the maturity of the labor contracts or puts forward the advice for
compensation for encouraging the employees voluntarily accept the reduction, and recognizes the liabilities caused from the
demission welfare on the earlier date of the followings and at the same time records which in the current gains and losses:
 When the Group could not unilaterally withdraw the demission welfare provided owning to the termination of the labor relations or
the reduction advice:
 The Group owns specific and formal reorganization plan that concerning the payment of the demission welfare; and the time when
the reorganization plan had been executed or had announced the main content of the plan to the parties influenced by which, then led
all parties formed the rational expectations about the Group is going to execute the reorganization.

(4) Accounting Treatment of the Welfare of Other Long-term Staffs

The welfare of other long-term staffs refers to the all the employees compensation except for the short-term compensation, welfare
after demission and demission welfare, which including the long-term compensated absences, long-term sociability benefits and
long-term profit sharing plan and so on. The Group not involved with any other long-term employee's welfare.


35. Lease Liabilities

(1) Initial measurement
The Group initially measures the lease obligation at the present value of the lease payments outstanding at the commencement date of
the lease term.
1) Lease payments
The term "lease payments" refers to the payments made by the Group to the lessor in terms of the use of the leased asset(s) within the
lease term, including:
a) fixed lease payments and substantial fixed lease payments (if a lease incentive exists, deduct the amount related to the lease
incentive);
b) the variable lease payments that depend on indexation or ratio, which are determined according to the indexation or ratio on the
commencement date of the lease term in the initial measurement;
c) the exercise price of the purchase option, when applicable, if the Group is reasonably certain that the option will be exercised;
d) payments required to be made for exercising the option to terminate the lease if the lease term reflects that the Group will exercise
such an option;
e) payments estimated to be made in line with the secured residual value provided by the Group.
2) Rate of discount



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BOE Technology Group Co., Ltd.                                                                                 Interim Report 2021


When calculating the present value of the lease payments, the Group uses the interest rate implicit in lease as the rate of discount,
which is the interest rate at which the sum of the present value of the lessor's lease receipts and the present value of the unsecured
residual value equals the sum of the fair value of the leased asset and the lessor's initial direct expenses. If the Group fails to
determine the interest rate implicit in lease, the incremental interest rate on borrowing will be used as the rate of discount. The
incremental interest rate on borrowing shall mean the interest rate payable by the Group to borrow funds under similar mortgage
conditions during similar periods to acquire assets close to the value of the right-of-use assets under similar economic circumstances.
(2) Follow-up measurement
The Group calculates the interest expenses of the lease obligations during each period of the lease term at a fixed periodic interest
rate, and includes them (Where the Accounting Standards for Business Enterprises No. 17 - Borrowing Costs and other standards
provide that such interest expenses shall be included in the cost of related assets, such provisions shall be observed.) in profit or loss
for the current period. Periodic interest rate refers to the rate of discount used by the Group for the initial measurement of lease
obligations, or the revised rate of discount used by the Group for the remeasurement of lease obligations due to a change in lease
payments or a change in the lease.


(3) Remeasurement
After the commencement date of the lease, if any of the following circumstances occurs, the Group will redetermine the lease
payment and remeasure the lease obligation using the present value of the changed lease payment and the revised rate of discount;
① there is a change in real fixed payment;
② there is a change in the amounts expected to be payable under a residual value guarantee;
③ there is a change in future lease payments resulting from a change in an index or a rate used to determine those payments;
④ there is a change in the assessment or the fact of an option to purchase、renewal and termination the underlying asset .


36. Provisions

A provision is recognized for an obligation related to a contingency if the Group has a present obligation that can be estimated
reliably, and it is probable that an outflow of economic benefits will be required to settle the obligation.
The estimated liabilities should be executed the initial measurement according to the best estimated number needed to be spent when
caring out the relevant current obligations. As for those with significant influences on the time value of money, the estimated
liabilities should be confirmed according to the amount after the discount of the estimated future cash flow. When recognizing the
best estimated number, the Group comprehensively considers the factors such as the risks, uncertainty and the time value of money
related to the contingencies. There is a contiguous range of the needed expenses and the possibility of various results within the range
is the same and the best estimated number should be recognized according to the mediant within the range; under other circumstance,
the best estimated number should be handled respectively according to the following situations:
 If the contingencies involve with a single item, should be recognized according to the most likely happened amount.
 If the contingencies involve with various items, should be recognized according to the calculation of various possible results and
the relevant probabilities.
The Group executes the reexamination of the book value of the estimated liabilities on the balance sheet date and adjusts the book
value according to the current best estimated number.


37. Share-based Payment

The Group conducts accounting treatment in accordance with relevant provisions of the Accounting Standards for Business
Enterprises No. 11 - Share-based Payment and the application guide.


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BOE Technology Group Co., Ltd.                                                                                   Interim Report 2021


Share-based payment is a transaction in which an enterprise grants equity instruments or takes liabilities based on equity instruments
in order to obtain services provided by employees and other parties.
Share-based payments include equity-settled share-based payment and cash-settled share-based payment.
If an equity-settled share-based payment is adopted for services provided by employees, it shall be measured at the fair value of the
equity instrument granted to employees.
Cash-settled share-based payment shall be measured at the fair value of liabilities calculated and determined on the basis of shares or
other equity instruments undertaken by the enterprise.
The Group makes corresponding accounting treatment according to the implementation schedule of the equity incentive plan.
(1) Grant date
For an equity-settled share-based payment, if the right can be exercised immediately after the grant, the fair value of the equity
instruments shall, on the grant date, be included in the relevant costs or expenses and the capital reserves shall be increased
accordingly.
For a cash-settled share-based payment, if the right can be exercised immediately after the grant, the fair value of the obligations
borne by the Company shall, on the grant date, be included in the relevant costs or expenses and the obligations shall be increased
accordingly.
Neither equity-settled share-based payments nor cash-settled share-based payments, except for share-based payments which can be
exercised immediately, undergo accounting treatment on the grant date.
(2) Each balance sheet date in the vesting period
Vesting period refers to the period during which the vesting conditions are satisfied.
For share-based payments subject to the prescribed period of service, the vesting period is the period from the grant date to the
vesting date. For share-based payments subject to prescribed performance, the length of the vesting period is estimated at the grant
date based on the most likely performance results.
For a share-based payment, if the right cannot be exercised until the vesting period ends or until the prescribed performance
conditions are met, on each balance sheet date within the vesting period, the services acquired in the current period shall, based on
the best estimate of the information about the exercisable right and at the fair value of the equity instrument on the grant date for
equity-settled share-based payments, be included in the costs or expenses and the corresponding obligations. For a cash-settled
share-based payment, the services acquired in the current period shall be included in the costs or expenses and the corresponding
obligations at the fair value of the obligations borne by the enterprise.
(3) Vesting date
Vesting date refers to the date on which the vesting conditions are satisfied and the employees and other parties have the ri ght to
acquire equity instruments or cash from the enterprise.
Vesting date refers to the date on which employees and other parties exercise their rights and acquire cash or equity instruments.
For an equity-settled share-based payment, no adjustment will be made to the related costs or expenses recognized and to the total
owner's equity after the vesting date. On the vesting date, share capital or treasury stock and share premium shall be recognized based
on the exercise situation, and capital reserves recognized during the vesting period shall be carried forward.
For cash-settled share-based payments, the enterprise shall re-measure the fair value of the obligations on each balance sheet date and
settlement date after the vesting date and before the settlement of the relevant obligations, and the changes shall be included in the
profit and loss of the current period. On the vesting date, the recognized obligations shall be carried forward at the time of settlement
according to the exercise.




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38. Other Financial Instruments such as Preferred Shares and Perpetual Bonds

Refer to V.-10. Financial Instruments for details.


39. Revenue

Accounting policies for recognition and measurement of revenue
Revenue is the gross inflow of economic benefits arising in the course of the Group’s ordinary activities when the inflows result in
increase in shareholders’ equity, other than increase relating to contributions from shareholders.


Revenue is recognised when the Group satisfies the performance obligation in the contract by transferring the control over relevant
goods or services to the customers.
Where a contract has two or more performance obligations, the Group determines the stand-alone selling price at contract inception
of the distinct good or service underlying each performance obligation in the contract and allocates the transaction price in proportion
to those stand-alone selling prices. The Group recognises as revenue the amount of the transaction price that is allocated to each
performance obligation. The stand-alone selling price is the price at which the Group would sell a promised good or service
separately to a customer. If a stand-alone selling price is not directly observable, the Group considers all information that is
reasonably available to the entity, maximises the use of observable inputs to estimate the stand-alone selling price.


For the contract which the Group grants a customer the option to acquire additional goods or services (such as, loyalty points,
discount coupons for future purchase, etc.,), the Group assesses whether the option provides a material right to the customer. If the
option provides a material right, the Group recognises the option as a performance obligation, and recognises revenue when those
future goods or services are transferred or when the option expires. If the stand-alone selling price for a customer’s option to acquire
additional goods or services is not directly observable, the Group estimates it, taking into account all relevant information, including
the difference in the discount that the customer would receive when exercising the option or without exercising the option, and the
likelihood that the option will be exercised.


For the contract with a warranty, the Group analyses the nature of the warranty provided, if the warranty provides the customer with
a distinct service in addition to the assurance that the product complies with agreed-upon specifications, the Group recognises for the
promised warranty as a performance obligation. Otherwise, the Group accounts for the warranty in accordance with the requirements
of CAS No.13 – Contingencies.


The transaction price is the amount of consideration to which the Group expects to be entitled in exchange for transferring promised
goods or services to a customer, excluding amounts collected on behalf of third parties. The Group recognises the transaction price
only to the extent that it is highly probable that a significant reversal in the amount of cumulative revenue recognised will not occur
when the uncertainty associated with the variable consideration is subsequently resolved. To determine the transaction price for
contracts in which a customer promises consideration in a form other than cash, the Group measures the non-cash consideration at
fair value. If the Group cannot reasonably estimate the fair value of the non-cash consideration, the Group measures the consideration
indirectly by reference to the stand-alone selling price of the goods or services promised to the customer in exchange for the
consideration. Where the contract contains a significant financing component, the Group recognises the transaction price at an
amount that reflects the price that a customer would have paid for the promised goods or services if the customer had paid cash for
those goods or services when (or as) they transfer to the customer. The difference between the amount of promised consideration and
the cash selling price is amortised using an effective interest method over the contract term. The Group does not adjust the


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BOE Technology Group Co., Ltd.                                                                             Interim Report 2021


consideration for any effects of a significant financing component if it expects, at contract inception, that the period between when
the Group transfers a promised good or service to a customer and when the customer pays for that good or service will be one year or
less.




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    BOE Technology Group Co., Ltd.                                                                            Interim Report 2021


The Group satisfies a performance obligation over time if one of the following criteria is met; or otherwise, a performance obligation
is satisfied at a point in time:


-       the customer simultaneously receives and consumes the benefits provided by the Group’s performance as the Group performs;
-       the customer can control the asset created or enhanced during the Group’s performance; or
-       the Group’s performance does not create an asset with an alternative use to it and the Group has an enforceable right to
payment for performance completed to date.


For performance obligation satisfied over time, the Group recognises revenue over time by measuring the progress towards complete
satisfaction of that performance obligation. When the outcome of that performance obligation cannot be measured reasonably, but the
Group expects to recover the costs incurred in satisfying the performance obligation, the Group recognises revenue only to the extent
of the costs incurred until such time that it can reasonably measure the outcome of the performance obligation.


For performance obligation satisfied at a point in time, the Group recognises revenue at the point in time at which the customer
obtains control of relevant goods or services. To determine whether a customer has obtained control of goods or services, the Group
considers the following indicators:


-       the Group has a present right to payment for the goods or services;
-       the Group has transferred physical possession of the goods to the customer;
-       the Group has transferred the legal title of the goods or the significant risks and rewards of ownership of the goods to the
customer; and
-       the customer has accepted the goods or services.


The Group determines whether it is a principal or an agent, depending on whether it obtains control of the specified good or service
before that good or service is transferred to a customer. The Group is a principal if it controls the specified good or service before
that good or service is transferred to a customer, and recognises revenue in the gross amount of consideration to which it has received
(or receivable). Otherwise, the Group is an agent, and recognises revenue in the amount of any fee or commission to which it expects
to be entitled. The fee or commission is the net amount of consideration that the Group retains after paying the other party the
consideration, or is the established amount or proportion.


For the sale of a product with a right of return, the Group recognises revenue when the Group obtains control of that product, in the
amount of consideration to which the Group expects to be entitled in exchange for the product transferred (i.e. excluding the amount
of which expected to be returned), and recognises a refund liability for the products expected to be returned. Meanwhile, an asset is
recognised in the amount of carrying amount of the product expected to be returned less any expected costs to recover those products
(including potential decreases in the value of returned products), and carry forward to cost in the amount of carrying amount of the
transferred products less the above costs. At the end of each reporting period, the Group updates its assessment of future sales return.
If there is any change, it is accounted for as a change in accounting estimate.




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    BOE Technology Group Co., Ltd.                                                                                  Interim Report 2021


The Group determines whether the licence transfers to a customer either at a point in time or over time. If all of the following criteria
are met, revenue is recognised for performance obligations satisfied over time. Otherwise, revenue is recognised for performa nce
obligations satisfied at a point in time.


-       the contract requires, or the customer reasonably expects, that the Group will undertake activities that significantly affect the
intellectual property to which the customer has rights;
-       the rights granted by the licence directly expose the customer to any positive or negative effects of the Group’s activities; and
-       those activities do not result in the transfer of a good or a service to the customer as those activities occur.


The Group recognises revenue for a sales-based or usage-based royalty promised in exchange for a licence of intellectual property
only when (or as) the later of the following events occurs:


-       the subsequent sale or usage occurs; and
-       the performance obligation has been satisfied (or partially satisfied).


For a change in the scope or price of a contract that is approved by the parties to the contract, the Group accounts for the contract
modification according to the following situations:


-       The addition of promised goods or services are distinct and the price of the contract increases by an amount of consideration
reflects stand-alone selling prices of the additional promised goods or services, the Group shall account for a contract modification as
a separate contract.


-       If the above criteria are not met, and the remaining goods or services are distinct from the goods or services transferred on the
date of the contract modification, the Group accounts for the contract modification as if it were a termination of the existi ng contract
and the creation of a new contract.


-       If the above criteria are not met, and the remaining goods or services are not distinct from the goods or services transferred on
the date of the contract modification, the Group accounts for the contract modification as if it were a part of the existing contract. The
effect that the contract modification has on the revenue is recognised as an adjustment to revenue in the reporting period.


A contract asset is the Group’s right to consideration in exchange for goods or services that it has transferred to a customer when that
right is conditional on something other than the passage of time. The Group recognises loss allowances for expected credit loss on
contract assets (see Note III.9(6)). Accounts receivable is the Group’s right to consideration that is unconditional (only the passage of
time is required). A contract liability is the Group’s obligation to transfer goods or services to a customer for which the Group has
received consideration (or an amount of consideration is due) from the customer.




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The following is the description of accounting policies regarding revenue from the Group’s principal activities:


(1)   Sale of goods


The sales contracts/orders signed between the Group and its customers usually contain various trading terms. Depending on the
trading terms, customers obtain control of the goods when the goods are delivered and received, or when they are received by the
carrier. Revenue of sale of goods is recognised at that point in time.


For the transfer of goods with a right of return, revenue is recognised to the extent that it is highly probable that a significant reversal
in the amount of cumulative revenue recognised will not occur. Therefore, the amount of revenue recognised is adjusted for the
amount expected to be returned, which are estimated based on the historical data. The Group recognises a refund liability based on
the amount expected to be returned. An asset is initially measured by reference to the former carrying amount of the product expected
to be returned less any expected costs to recover those products (including potential decreases in the value to the Group of returned
products). At each balance sheet date, the Group updates the measurement of the refund liability for changes in expectations about
the amount of funds. The above asset and liability are adjusted accordingly.


(2)   Rendering of services


The Group recognises the revenue from rendering of services within a certain period of time according to the progress of the
performance as the customer simultaneously receives and consumes the benefits provided by the Group’s performance as the Group
performs. Otherwise, for performance obligation satisfied at a point in time, the Group recognises revenue at the point in ti me at
which the customer obtains control of relevant services.


Note: accounting policies used in revenue recognition and measurement, and judgments and changes in judgments that materially
affect the determination of the point and amount of revenue recognition include the method for determining the performance progress
and the reasons for adopting the method, the judgment relating to the point at which the customer acquires control of the transferred
commodity, the methods for determining the transaction price, estimating the variable consideration included in the transaction price,
apportioning transaction price, and measuring similar obligations such as the funds expected to be returned to the customer.
Differences in accounting policies for the recognition of revenue caused by different business models for the same type of business
Naught
Note: if there are differences in revenue recognition accounting policies for similar businesses due to different business models, they
shall be disclosed separately.


40. Government grants

Government grants are non-reciprocal transfers of monetary or non-monetary assets from the government to the Group except for
capital contributions from the government in the capacity as an investor in the Group.
A government grant is recognised when there is reasonable assurance that the grant will be received and that the Group will comply
with the conditions attaching to the grant.
If a government grant is in the form of a transfer of a monetary asset, it is measured at the amount received or receivable. If a
government grant is in the form of a transfer of a non-monetary asset, it is measured at fair value.
Government grants related to assets are grants whose primary condition is that the Group qualifying for them should purchase,


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BOE Technology Group Co., Ltd.                                                                                 Interim Report 2021


construct or otherwise acquire long-term assets.     Government grants related to income are grants other than those related to assets.
Those related to daily activities of the Company are included in other income or used to write off related cost based on the nature of
economic businesses, or included in non-operating income and expense in respect of those not related to daily activities of the
Company.
With respect to the government grants related to assets, if the Group first obtains government grants related to assets and then
recognizes the long-term assets purchased and constructed, deferred income is included in profit and loss based on a reasonable and
systematic approach by stages when related assets are initially depreciated or amortized; or the deferred income is written off against
the carrying amount of the asset when the asset becomes ready for its intended status or intended use. If the Group obtains
government grants related to the assets after relevant long-term assets are put into use, deferred income is included in profit and loss
based on a reasonable and systematic approach by stages within the remaining useful life of relevant assets, or the deferred income is
written off against the carrying amount of relevant asset when the grants are obtained; the assets shall be depreciated or amortized
based on the carrying amount after being offset and the remaining useful life of relevant assets.
For the government grants related to income which are used to compensate for related costs or losses of the Group in the future
period, it shall be recognized as deferred income, and included in profit and loss or used to offset related costs; otherwise it shall be
directly included in profit and loss or used to offset related costs.
In respect of the policy-based preferential loan interest subsidy obtained by the Group, if the interest subsidy is appropriated to the
lending bank which shall provide loans to the Group at the policy-based preferential interest rate, the actual loan amount is used as
the entry value and relevant borrowing costs are calculated on the basis of the loan principal and the preferential interest rate. If the
interest subsidy is directly appropriated to the Group, relevant borrowing costs shall be offset by corresponding interest subsidy. If
borrowing costs are capitalized as part of the cost of the asset (see Note V. Significant Accounting Policies and Estimates-26.
Borrowing Costs), the interest subsidy shall be used to offset relevant asset costs.


Note: Specific criteria for asset-related government subsidies and income-related government subsidies shall be distinguished. If the
government document does not specify the subsidy object, the judgment basis for determining the government subsidy is
asset-related or income-related shall be described. Whether government subsidies adopt the gross method or the net method shall be
disclosed. If the gross method is adopted, the amortization method of deferred income related to government subsidies and the
recognition method of the amortization period shall also be disclosed. The time when government subsidies are confirmed shall be
disclosed.


41. Deferred Income Tax Assets/Deferred Income Tax Liabilities

(1) Recognition basis of deferred income tax assets
The Group uses the balance sheet liability method to calculate its income tax, which is recognized in accordance with a difference
between the carrying amount of an asset or liability and its tax base (temporary difference). For any deductible loss that can be
carried forward to the next year to deduct the income tax according to the stipulations of tax law, relevant deferred income tax assets
shall be recognized. The deferred income tax asset shall be determined to the extent that the amount of taxable income to be offset by
the deductible loss or tax deduction to be likely obtained. For the deductible temporary difference relating to the investments of the
subsidiary companies, associated enterprises and joint enterprises, the enterprise shall recognize the corresponding deferred income
tax assets for those that meet the following requirements: the temporary differences are likely to be reversed in the expected future;
and it is likely to acquire any amount of taxable income that may be used for deducting the deductible temporary differences.
(2) Recognition basis of deferred income tax liabilities
The Group uses the balance sheet liability method to calculate its income tax, which is recognized in accordance with a difference
between the carrying amount of an asset or liability and its tax base (temporary difference). As for the temporary difference from the


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initial recognition of goodwill, no deferred income tax liabilities shall be recognized. The taxable temporary differences relating to the
investments of subsidiary companies, associated enterprises and joint enterprises shall recognized as corresponding deferred income
tax liabilities, however, excluding those that simultaneously satisfy the following conditions: the investing enterprise can control the
time of the reverse of temporary differences; and the temporary differences are unlikely to reverse in the excepted future.


42. Lease

(1) Accounting Treatment of Operating Lease

1. Lessee
The Group shall, when as the lessee, on the commencement date of the lease term, recognize the right-of-use assets and lease
obligations for the lease, unless it is a simplified short-term lease or low-value asset lease.
After the commencement date of the lease term, the Group uses the cost model for subsequent measurement of right-of-use assets. The
Group depreciates the right-of-use assets in accordance with relevant depreciation provisions of the Accounting Standards for Business
Enterprises No. 4 - Fixed Assets. If the lessee can reasonably ascertain that the ownership of the leasehold property will be obtained at
the end of the lease term, it shall depreciate the leasehold property over its remaining service life. If it is not reasonably certain that the
ownership of the leasehold property will be obtained at the end of the lease term, it shall depreciate the leased asset(s) over the lease
term or the remaining service life, whichever is shorter. The Group will determine the impairment of the right-of-use assets and conduct
accounting treatment of the impairment losses already identified in accordance with relevant provisions of the Accounting Standards
for Business Enterprises No. 8 - Asset Impairment.
The Group calculates the interest expenses of the lease obligations during each period of the lease term at a fixed periodic interest rate,
and includes them in profit or loss for the current period. Where the Accounting Standards for Business Enterprises No. 17 - Borrowing
Costs and other standards provide that such interest expenses shall be included in the cost of related assets, such provisions shall be
observed. For short-term leases and low-value asset leases which the group choose simplify accounting treatment,in each period within
the lease term, the relevant lease payments are included in cost of the related assets or profit or loss for the current peri od on a
straight-line basis or other reasonable methods.
2. Lessor
In the case of the Group is the lessor, it recognizes the receipts of the operating lease incurred during each period of the lease term as
rentals by the straight-line method or other reasonable methods. The Group capitalizes the initial direct costs related to the operating
lease upon incurrence thereof and, within the lease term, apportions and includes such costs in the current profit or loss on the basis
same as the recognition of rentals.
For the fixed assets in the assets under operating lease, the Group shall adopt the depreciation policy of similar assets to calculate and
distill depreciation. For other assets under operating lease, the Group shall amortize them in a systematic and reasonable manner in
accordance with the accounting standards for enterprises applicable to the assets. The Group will determine the impairment of assets
under operating lease and conduct accounting treatment in accordance with relevant provisions of the Accounting Standards for
Business Enterprises No. 8 - Asset Impairment.




(2) Accounting Treatments of Financial Lease

1. Lessee
The Group shall, when as the lessee, on the commencement date of the lease term, recognize the right-of-use assets and lease
obligations for the lease, unless it is a simplified short-term lease or low-value asset lease.



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BOE Technology Group Co., Ltd.                                                                                      Interim Report 2021


After the commencement date of the lease term, the Group uses the cost model for subsequent measurement of right-of-use assets. The
Group depreciates the right-of-use assets in accordance with relevant depreciation provisions of the Accounting Standards for Business
Enterprises No. 4 - Fixed Assets. If the lessee can reasonably ascertain that the ownership of the leasehold property will be obtained at
the end of the lease term, it shall depreciate the leasehold property over its remaining service life. If it is not reasonably certain that the
ownership of the leasehold property will be obtained at the end of the lease term, it shall depreciate the leased asset(s) over the lease
term or the remaining service life, whichever is shorter. The Group will determine the impairment of the right-of-use assets and conduct
accounting treatment of the impairment losses already identified in accordance with relevant provisions of the Accounting Standards
for Business Enterprises No. 8 - Asset Impairment.
The Group calculates the interest expenses of the lease obligations during each period of the lease term at a fixed periodic interest rate,
and includes them in profit or loss for the current period. Where the Accounting Standards for Business Enterprises No. 17 - Borrowing
Costs and other standards provide that such interest expenses shall be included in the cost of related assets, such provisions shall be
observed. For short-term leases and low-value asset leases which the group choose simplify accounting treatment,in each period within
the lease term, the relevant lease payments are included in cost of the related assets or profit or loss for the current peri od on a
straight-line basis or other reasonable methods.


2. Lessor
The Group shall, when as the lessor, on the commencement date of the lease term, recognize the finance lease receivables for the
finance lease and derecognize the leased asset(s) of the finance lease. The Group shall also calculate and confirm the interest income at
a fixed periodic interest rate in each period in the lease term.


43. Other Significant Accounting Policies and Estimates

Naught


44. Changes in Significant Accounting Policies and Estimates

(1) Changes in Significant Accounting Policies

√ Applicable □ Not applicable

  Contents of changes in accounting policies and reasons
                                                                    Approval procedures                             Note
                           thereof

The Ministry of Finance issued the revised Accounting                                           The Accounting Standards for Business
                                                                Reviewed and approved by
Standards    for    Business      Enterprises   No.21-Leases                                    Enterprises No.21-Leases did not cause any
                                                                the Board of Directors and
(hereinafter referred to as the “New Standards governing                                       significant influence on the financial status
                                                                the Executive Committee
Leases”) on 7 December 2018.                                                                   and operating results of the Company.


(2) Changes in Accounting Estimates

□ Applicable √ Not applicable




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BOE Technology Group Co., Ltd.                                                                             Interim Report 2021


(3) Adjustments to the Financial Statements at the Beginning of the First Execution Year of any New
Standards Governing Leases since 2021

Applicable
Items of balance sheets at the beginning of the year need to be adjusted or not
√ Yes □ No
Consolidated Balance Sheet
                                                                                                                        Unit: RMB

                           Item                               31 December 2020           1 January 2021            Adjusted

Current assets:

  Monetary assets                                                   73,694,296,095.00     73,694,296,095.00                   0.00

  Settlement reserve                                                              0.00                    0.00                0.00

  Interbank loans granted                                                         0.00                    0.00                0.00

  Held-for-trading financial assets                                  4,367,201,833.00      4,367,201,833.00                   0.00

  Derivative financial assets                                                     0.00                    0.00                0.00

  Notes receivable                                                     215,994,373.00        215,994,373.00                   0.00

  Accounts receivable                                               22,969,140,355.00     22,969,140,355.00                   0.00

  Accounts receivable financing                                                   0.00                    0.00                0.00

  Prepayments                                                        1,119,595,984.00      1,111,189,292.00        -8,406,692.00

  Premiums receivable                                                             0.00                    0.00                0.00

  Reinsurance receivables                                                         0.00                    0.00                0.00

  Receivable reinsurance contract reserve                                         0.00                    0.00                0.00

  Other receivables                                                    658,114,833.00        658,114,833.00                   0.00

     Including: Interest receivable                                      2,037,452.00          2,037,452.00                   0.00

                  Dividends receivable                                   1,842,137.00          1,842,137.00                   0.00

  Financial assets purchased under resale agreements                              0.00                    0.00                0.00

  Inventories                                                       17,875,454,490.00     17,875,454,490.00                   0.00

  Contract assets                                                       49,897,395.00         49,897,395.00                   0.00

  Assets held for sale                                                 186,892,645.00        186,892,645.00                   0.00

  Current portion of non-current assets                                           0.00                    0.00                0.00

  Other current assets                                               7,848,869,252.00      7,848,869,252.00                   0.00

Total current assets                                              128,985,457,255.00     128,977,050,563.00        -8,406,692.00

Non-current assets:

  Loans and advances to customers                                                 0.00                    0.00                0.00

  Investments in debt obligations                                                 0.00                    0.00                0.00

  Investments in other debt obligations                                           0.00                    0.00                0.00


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  Long-term receivables                                             0.00                 0.00              0.00

  Long-term equity investments                          3,693,170,224.00     3,693,170,224.00              0.00

  Investments in other equity instruments                533,645,423.00       533,645,423.00               0.00

  Other non-current financial assets                                0.00                 0.00              0.00

  Investment property                                   1,196,168,511.00     1,196,168,511.00              0.00

  Fixed assets                                        224,866,586,069.00   224,770,354,605.00    -96,231,464.00

  Construction in progress                             42,575,849,952.00    42,575,849,952.00              0.00

  Productive living assets                                          0.00                 0.00              0.00

  Oil and gas assets                                                0.00                 0.00              0.00

  Right-of-use assets                                               0.00       619,995,119.00    619,995,119.00

  Intangible assets                                    11,875,926,448.00    11,875,926,448.00              0.00

  Development costs                                                 0.00                 0.00              0.00

  Goodwill                                              1,400,357,242.00     1,400,357,242.00              0.00

  Long-term prepaid expense                              299,634,100.00       285,653,485.00     -13,980,615.00

  Deferred income tax assets                             205,041,088.00       205,041,088.00               0.00

  Other non-current assets                              8,624,970,019.00     8,624,970,019.00              0.00

Total non-current assets                              295,271,349,076.00   295,781,132,116.00    509,783,040.00

Total assets                                          424,256,806,331.00   424,758,182,679.00    501,376,348.00

Current liabilities:

  Short-term borrowings                                 8,599,569,471.00     8,599,569,471.00              0.00

  Borrowings from the central bank                                  0.00                 0.00              0.00

  Interbank loans obtained                                          0.00                 0.00              0.00

  Held-for-trading financial liabilities                            0.00                 0.00              0.00

  Derivative financial liabilities                                  0.00                 0.00              0.00

  Notes payable                                         1,231,533,895.00     1,231,533,895.00              0.00

  Accounts payable                                     27,164,171,682.00    27,164,171,682.00              0.00

  Advances from customers                                124,040,749.00       124,040,749.00               0.00

  Contract liabilities                                  3,440,720,535.00     3,440,720,535.00              0.00

  Financial assets sold under repurchase agreements                 0.00                 0.00              0.00

  Customer deposits and interbank deposits                          0.00                 0.00              0.00

  Payables for acting trading of securities                         0.00                 0.00              0.00

  Payables for underwriting of securities                           0.00                 0.00              0.00

  Employee benefits payable                             3,758,623,797.00     3,758,623,797.00              0.00

  Taxes payable                                         1,077,686,869.00     1,077,686,869.00              0.00



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  Other payables                                               32,867,709,024.00    32,867,709,024.00              0.00

     Including: Interest payable                                    1,946,267.00         1,946,267.00              0.00

                    Dividends payable                               6,451,171.00         6,451,171.00              0.00

  Handling charges and commissions payable                                  0.00                 0.00              0.00

  Reinsurance payables                                                      0.00                 0.00              0.00

  Liabilities directly associated with assets held for sale                 0.00                 0.00              0.00

  Current portion of non-current liabilities                   24,500,550,121.00    24,538,420,167.00     37,870,046.00

  Other current liabilities                                     2,194,716,852.00     2,194,716,852.00              0.00

Total current liabilities                                     104,959,322,995.00   104,997,193,041.00     37,870,046.00

Non-current liabilities:

  Insurance contract reserve                                                0.00                 0.00              0.00

  Long-term borrowings                                        132,452,767,135.00   132,452,767,135.00              0.00

  Bonds payable                                                  398,971,739.00       398,971,739.00               0.00

     Including: Preferred shares                                            0.00                 0.00              0.00

Perpetual bonds                                                             0.00                 0.00              0.00

  Lease liabilities                                                         0.00      565,344,418.00     565,344,418.00

  Long-term payables                                            2,114,175,683.00     2,012,337,567.00   -101,838,116.00

  Long-term employee benefits payable                                       0.00                 0.00              0.00

  Provisions                                                                0.00                 0.00              0.00

  Deferred income                                               4,246,231,468.00     4,246,231,468.00              0.00

  Deferred income tax liabilities                               1,427,601,154.00     1,427,601,154.00              0.00

  Other non-current liabilities                                 5,260,001,443.00     5,260,001,443.00              0.00

Total non-current liabilities                                 145,899,748,622.00   146,363,254,924.00    463,506,302.00

Total liabilities                                             250,859,071,617.00   251,360,447,965.00    501,376,348.00

Owners’ equity:

  Share capital                                                34,798,398,763.00    34,798,398,763.00              0.00

  Other equity instruments                                     14,146,997,427.00    14,146,997,427.00              0.00

     Including: Preferred shares                                            0.00                 0.00              0.00

Perpetual bonds                                                14,146,997,427.00    14,146,997,427.00              0.00

  Capital reserves                                             37,435,655,934.00    37,435,655,934.00              0.00

  Less: Treasury stock                                          1,036,298,508.00     1,036,298,508.00              0.00

  Other comprehensive income                                      -22,198,072.00       -22,198,072.00              0.00

  Specific reserve                                                          0.00                 0.00              0.00

  Surplus reserves                                              2,444,416,669.00     2,444,416,669.00              0.00



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  General reserve                                                                  0.00                       0.00                 0.00

  Retained earnings                                                 15,509,794,622.00             15,509,794,622.00                0.00

Total equity attributable to owners of the Company as
                                                                   103,276,766,835.00        103,276,766,835.00                    0.00
the parent

Non-controlling interests                                           70,120,967,879.00             70,120,967,879.00                0.00

Total owners’ equity                                              173,397,734,714.00        173,397,734,714.00                    0.00

Total liabilities and owners’ equity                              424,256,806,331.00        424,758,182,679.00        501,376,348.00
Note for adjustment:
The Company starts to implement the Accounting Standards for Business Enterprises No. 21-Leases revised in 2018 since 1 January
2021 and adjusts the financial statements of the first execution year as required by standards.
Balance Sheet of the Company as the Parent
                                                                                                                             Unit: RMB

                            Item                               31 December 2020              1 January 2021             Adjusted

Current assets:

  Monetary assets                                                     4,375,497,010.00             4,375,497,010.00                0.00

  Held-for-trading financial assets                                                0.00                       0.00                 0.00

  Derivative financial assets                                                      0.00                       0.00                 0.00

  Notes receivable                                                                 0.00                       0.00                 0.00

  Accounts receivable                                                 3,974,212,308.00             3,974,212,308.00                0.00

  Accounts receivable financing                                                    0.00                       0.00                 0.00

  Prepayments                                                            12,185,651.00               12,185,651.00                 0.00

  Other receivables                                                 16,345,474,583.00             16,345,474,583.00                0.00

     Including: Interest receivable                                                0.00                       0.00                 0.00

                  Dividends receivable                                 460,261,502.00               460,261,502.00                 0.00

  Inventories                                                            18,622,283.00               18,622,283.00                 0.00

  Contract assets                                                                  0.00                       0.00                 0.00

  Assets held for sale                                                             0.00                       0.00                 0.00

  Current portion of non-current assets                                            0.00                       0.00                 0.00

  Other current assets                                                 177,761,718.00               177,761,718.00                 0.00

Total current assets                                                24,903,753,553.00             24,903,753,553.00                0.00

Non-current assets:

  Investments in debt obligations                                                  0.00                       0.00                 0.00

  Investments in other debt obligations                                            0.00                       0.00                 0.00

  Long-term receivables                                                            0.00                       0.00                 0.00

  Long-term equity investments                                     182,135,057,208.00        182,135,057,208.00                    0.00



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  Investments in other equity instruments                          81,192,872.00        81,192,872.00              0.00

  Other non-current financial assets                                        0.00                 0.00              0.00

  Investment property                                            271,212,241.00       271,212,241.00               0.00

  Fixed assets                                                  1,009,178,229.00     1,002,750,947.00     -6,427,282.00

  Construction in progress                                       418,343,961.00       418,343,961.00               0.00

  Productive living assets                                                  0.00                 0.00              0.00

  Oil and gas assets                                                        0.00                 0.00              0.00

  Right-of-use assets                                                       0.00         6,427,282.00      6,427,282.00

  Intangible assets                                             1,380,069,827.00     1,380,069,827.00              0.00

  Development costs                                                         0.00                 0.00              0.00

  Goodwill                                                                  0.00                 0.00              0.00

  Long-term prepaid expense                                      105,439,681.00       105,439,681.00               0.00

  Deferred income tax assets                                                0.00                 0.00              0.00

  Other non-current assets                                      2,611,437,988.00     2,611,437,988.00              0.00

Total non-current assets                                      188,011,932,007.00   188,011,932,007.00              0.00

Total assets                                                  212,915,685,560.00   212,915,685,560.00              0.00

Current liabilities:

  Short-term borrowings                                                     0.00                 0.00              0.00

  Held-for-trading financial liabilities                                    0.00                 0.00              0.00

  Derivative financial liabilities                                          0.00                 0.00              0.00

  Notes payable                                                             0.00                 0.00              0.00

  Accounts payable                                               272,241,469.00       272,241,469.00               0.00

  Advances from customers                                          18,286,458.00        18,286,458.00              0.00

  Contract liabilities                                                      0.00                 0.00              0.00

  Employee benefits payable                                      516,060,153.00       516,060,153.00               0.00

  Taxes payable                                                    87,179,892.00        87,179,892.00              0.00

  Other payables                                                6,541,918,681.00     6,541,918,681.00              0.00

     Including: Interest payable                                            0.00                 0.00              0.00

                 Dividends payable                                  6,451,171.00         6,451,171.00              0.00

  Liabilities directly associated with assets held for sale                 0.00                 0.00              0.00

  Current portion of non-current liabilities                    7,847,210,073.00     7,847,210,073.00              0.00

  Other current liabilities                                         1,977,977.00         1,977,977.00              0.00

Total current liabilities                                      15,284,874,703.00    15,284,874,703.00              0.00

Non-current liabilities:



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  Long-term borrowings                                              38,360,714,121.00             38,360,714,121.00              0.00

  Bonds payable                                                                    0.00                       0.00               0.00

     Including: Preferred shares                                                   0.00                       0.00               0.00

Perpetual bonds                                                                    0.00                       0.00               0.00

  Lease liabilities                                                                0.00                       0.00               0.00

  Long-term payables                                                               0.00                       0.00               0.00

  Long-term employee benefits payable                                              0.00                       0.00               0.00

  Provisions                                                                       0.00                       0.00               0.00

  Deferred income                                                     3,633,342,446.00             3,633,342,446.00              0.00

  Deferred income tax liabilities                                      385,697,604.00               385,697,604.00               0.00

  Other non-current liabilities                                     56,156,661,805.00             56,156,661,805.00              0.00

Total non-current liabilities                                       98,536,415,976.00             98,536,415,976.00              0.00

Total liabilities                                                  113,821,290,679.00        113,821,290,679.00                  0.00

Owners’ equity:

  Share capital                                                     34,798,398,763.00             34,798,398,763.00              0.00

  Other equity instruments                                          14,146,997,427.00             14,146,997,427.00              0.00

     Including: Preferred shares                                                   0.00                       0.00               0.00

Perpetual bonds                                                     14,146,997,427.00             14,146,997,427.00              0.00

  Capital reserves                                                  36,696,079,366.00             36,696,079,366.00              0.00

  Less: Treasury stock                                                1,036,298,508.00             1,036,298,508.00              0.00

  Other comprehensive income                                             90,713,133.00               90,713,133.00               0.00

  Specific reserve                                                                 0.00                       0.00               0.00

  Surplus reserves                                                    2,444,416,669.00             2,444,416,669.00              0.00

  Retained earnings                                                 11,954,088,031.00             11,954,088,031.00              0.00

Total owners’ equity                                               99,094,394,881.00             99,094,394,881.00              0.00

Total liabilities and owners’ equity                              212,915,685,560.00        212,915,685,560.00                  0.00
Note for adjustment:
The Company starts to implement the Accounting Standards for Business Enterprises No. 21-Leases revised in 2018 since 1 January
2021 and adjusts the financial statements of the first execution year as required by standards.


(4) Retroactive Adjustments to Comparative Data of Prior Years when First Execution of any New
Standards Governing Leases since 2021

□ Applicable √ Not applicable




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45. Others

Naught


VI. Taxation

1. Main Taxes and Tax Rate


         Category of taxes                                             Tax basis                                         Tax rate

                                      Output VAT is calculated on the income from product sales, provision of
                                      taxable labor services and provision of taxable services, based on tax
VAT                                                                                                              6%, 9%, 13%
                                      laws. The remaining balance of output VAT, after subtracting the
                                      deductible input VAT of the period, is VAT payable.

Consumption tax                       Naught                                                                     Naught

Urban maintenance and
                                      Based on VAT paid and the VAT tax free for the Period                      7%, 5%
construction tax

Enterprise income tax                 Based on taxable income                                                    15%-30%

Education surcharge and local
                                      Based on VAT paid and the VAT tax free for the Period                      3%, 2%
education surcharge

Notes of the disclosure situation of the taxpaying bodies with different enterprises income tax rate

                                        Name                                                           Income tax rate

BOE Technology Group Co., Ltd.                                                          15%

Beijing BOE Optoelectronics Technology Co., Ltd.                                        15%

Chengdu BOE Optoelectronics Technology Co., Ltd.                                        15%

Hefei BOE Optoelectronics Technology Co., Ltd.                                          15%

Beijing BOE Display Technology Co., Ltd.                                                15%

Hefei Xinsheng Optoelectronics Technology Co., Ltd.                                     15%

Erdos Yuansheng Optoelectronics Co., Ltd.                                               15%

Chongqing BOE Optoelectronics Technology Co., Ltd.                                      15%

Hefei BOE Display Technology Co., Ltd.                                                  15%

Fuzhou BOE Optoelectronics Technology Co., Ltd.                                         15%

Mianyang BOE Optoelectronics Technology Co., Ltd.                                       15%

Wuhan BOE Optoelectronics Technology Co., Ltd.                                          15%

Nanjing BOE Display Technology Co., Ltd.                                                15%

Chengdu CEC Panda Display Technology Co., Ltd.                                          15%

BOE Optical Science and Technology Co., Ltd.                                            15%

Beijing BOE Tea Valley Electronic Co., Ltd.                                             15%



                                                                                                                                    137
BOE Technology Group Co., Ltd.                                                                                      Interim Report 2021


Hefei BOE Display Light Source Co., Ltd.                                                      15%

Chongqing BOE Display Lighting Co., Ltd.                                                      15%

BOE (Hebei) Mobile Display Technology Co., Ltd.                                               15%

Beijing Smart-aero Display Technology Co., Ltd.                                               15%

Chongqing BOE Intelligent Electronic System Co., Ltd.                                         15%

Suzhou K-Tronics Co., Ltd.                                                                    15%

Beijing BOE Vacuum Electronics Co., Ltd.                                                      15%

Beijing BOE Vacuum Technology Co., Ltd.                                                       15%

BOE Smart IoT Technology Co., Ltd.                                                            15%

BOE Regenerative Medical Technologies Co. Ltd.                                                15%

Beijing BOE Health Technology Co., Ltd.                                                       15%

Chengdu BOE Smart Technology Co., Ltd.                                                        15%

Chengdu BOE Smart IoT Technology Co., Ltd.                                                    15%

Hefei BOE Semi-conductor Co., Ltd.                                                            15%

Beijing BOE Energy Technology Co., Ltd.                                                       15%

Chongqing BOE Electronic Technology Co., Ltd.                                                 15%

Beijing BOE Sensor Technology Co., Ltd.                                                       15%


2. Tax Preference


                                                                               Authority of Approval, Approval Document No. and Valid
            Company                             Policy basis
                                                                                                         Period

                                 In June 2016, Ministry of Finance
Hefei       BOE        Display                                                 In 2016, Ministry of Finance, General Administration of
                                 issued   [2016]     No.30      Document.
Technology Co., Ltd.                                                           Customs and SAT jointly issued CS [2016] No.30 Notice
                                 According to the document, in terms
Fuzhou BOE Optoelectronics                                                     on various Policies related to VAT Payment by
                                 of the new FPD project and new key
Technology Co., Ltd.                                                           Installments for the Imported Equipment Involved in the
                                 equipment      imported       between    1
Chengdu BOE Optoelectronics                                                    New FPD Project. According to the document, in terms of
                                 January 2015 and 31 December 2018.
Technology Co., Ltd.                                                           the new FPD project and new key equipment imported
                                 Import   VAT could be paid by
Mianyang                 BOE                                                   between 1 January 2015 and 31 December 2018. Import
                                 installments    within    6    years    (72
Optoelectronics   Technology                                                   VAT could be paid by installments within 6 years (72
                                 consecutive months) after the first
Co., Ltd.                                                                      consecutive months) after the first device was imported.
                                 device was imported.

Mianyang                 BOE In December 2019, the Ministry of In 2019, the Ministry of Finance, the GACC and the State
Optoelectronics   Technology Finance issued Document [2019] No. Taxation Administration and the Ministry of Finance issued
Co., Ltd.                        47, which approved the import of key the C.G.SH. [2019] No. 47 Notice on the Phased VAT
Chongqing     BOE    Display new equipment for the Active-matrix Payment Policy for Imported Equipment of Active-matrix
Technology Co., Ltd.         Organic Light Emitting Diode Organic Light Emitting Diode Display Device Project,
                             (AMOLED) display device project which approved the import of key new device for



                                                                                                                                          138
BOE Technology Group Co., Ltd.                                                                                  Interim Report 2021


                                 between 1 January 2019 and 31 Active-matrix Organic Light Emitting Diode (AMOLED)
                                 December       2020,    with     import display device project between 1 January 2019 and 31
                                 value-added tax allowed to be paid in December 2020, with import value-added tax allowed to be
                                 phases over a period of six years (72 paid in phases over a period of six years (72 consecutive
                                 consecutive months) after the import of months) after the import of the first device.
                                 the first equipment.


3. Others

Naught


VII. Notes on Major Items in Consolidated Financial Statements of the Company

1. Cash At Bank and on Hand

                                                                                                                                Unit: RMB

                                      Item                                              Ending balance            Beginning balance

Cash on hand                                                                                     1,084,972.00                 401,041.00

Bank deposits                                                                              66,486,441,590.00         68,205,179,419.00

Other monetary assets                                                                        4,901,259,661.00            5,488,715,635.00

Total                                                                                      71,388,786,223.00         73,694,296,095.00

  Of which: the total amount deposited overseas                                              8,495,452,936.00            7,025,632,935.00

          Total amount of restriction in use by guaranteed, pledged or frozen                4,898,511,123.00            5,488,099,634.00

Other notes:
Including: Total overseas deposits were equivalent to RMB8,495,452,936.220 (2020: RMB7,025,632,935).
As at 30 June 2021, the Group did not pledge any monetary assets for short-term borrowings and long-term borrowings, and other
restricted monetary funds, amounting to RMB4,898,511,123, were mainly the deposits in commercial banks as security.
As at 31 December 2020, other monetary assets were pledged by the Group amounting to USD152,091,672 for short-term loans, and
RMB99,133,679 were pledged for long-term loans. The rest of other restricted monetary funds, amounting to RMB 4,396,583,003,
were the deposits in commercial banks as security.




2. Financial Assets Held for Trading

                                                                                                                                Unit: RMB

                                     Item                                             Ending balance             Beginning balance

Financial assets at fair value through profit or loss                                      2,654,184,080.00              4,367,201,833.00

  Of which:

Wealth management products                                                                 2,654,184,080.00              4,367,201,833.00

Financial assets designated to be measured at fair value and changes thereof                             0.00                       0.00


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BOE Technology Group Co., Ltd.                                                                                Interim Report 2021


recorded into the current profit or loss

  Of which:

Total                                                                                     2,654,184,080.00           4,367,201,833.00

Other notes: N/A


3. Notes Receivable

(1) Notes Receivable Listed by Category

                                                                                                                             Unit: RMB

                    Item                                     Ending balance                           Beginning balance

Bank acceptance bill                                                     174,208,779.00                                 215,994,373.00

Commercial acceptance bill                                                         0.00                                           0.00

Total                                                                    174,208,779.00                                 215,994,373.00

                                                                                                                             Unit: RMB

                                            Ending balance                                       Beginning balance

                                                 Provision for                                          Provision for
                             Book value                                          Book value
                                                  impairment                                             impairment
        Category
                                                        Withdra Carrying                                        Withdraw Carrying
                                    Percenta             wal    amounts                Percentag                   al    amounts
                         Amount                Amount                         Amount                 Amount
                                       ge               proportio                            e                  proportio
                                                             n                                                        n

Notes receivable for
which bad debt
                              N/A
provision accrued
separately

   Of which:



Notes receivable for
which bad debt
                              N/A
provision accrued by
group

   Of which:

N/A

Total

Bad debt provision withdrawn separately: 0.00
                                                                                                                             Unit: RMB

           Name                                                          Ending balance



                                                                                                                                    140
BOE Technology Group Co., Ltd.                                                                                   Interim Report 2021


                                     Book value         Provision for impairment Withdrawal proportion        Reason for withdrawal

N/A

Total                                                                              --                       --

Bad debt provision accrued by group: 0.00
                                                                                                                              Unit: RMB

                                                                              Ending balance
                Name
                                             Book value                   Provision for impairment        Withdrawal proportion

N/A

Total                                                                                                --

Notes of the basis of recognizing the group: None
If the bad debt provision for notes receivable was withdrawn in accordance with the general model of expected credit losses,
information related to bad debt provision shall be disclosed by reference to the disclosure method of other receivables:
□ Applicable √ Not applicable


(2) Bad Debt Provision Withdrawn, Reversed or Recovered in the Reporting Period

Information of withdrawal of bad debt provision:
                                                                                                                              Unit: RMB

                                                            Changes in the Reporting Period
                       Beginning
    Category                                                 Reversal or                                               Ending balance
                        balance            Withdrawal                              Write-off         Others
                                                               recovery

        N/A

        Total

Of which bad debt provision reversed or recovered with significant amount:
□ Applicable √ Not applicable


(3) Notes Receivable Pledged by the Company at the Period-end

                                                                                                                              Unit: RMB

                                  Item                                                           Amount

Bank acceptance bill                                                                                                              0.00

Commercial acceptance bill                                                                                                        0.00

Total                                                                                                                             0.00


(4) Notes Receivable which Had Endorsed by the Company or Had Discounted and Had not Due on the
Balance Sheet Date at the Period-end

                                                                                                                              Unit: RMB



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BOE Technology Group Co., Ltd.                                                                                 Interim Report 2021


                                              Amount of recognition termination at the     Amount of not terminated recognition at
                   Item
                                                              period-end                                  the period-end

Bank acceptance bill                                                                0.00                                   29,880,198.00

Commercial acceptance bill                                                          0.00                                           0.00

Total                                                                               0.00                                   29,880,198.00


(5) Notes Transferred to Accounts Receivable Because Drawer of the Notes Failed to Execute the Contract
or Agreement

                                                                                                                               Unit: RMB

                           Item                             Amount of the notes transferred to accounts receivable at the period-end

Commercial acceptance bill                                                                                                         0.00

Total                                                                                                                              0.00

Other notes:
N/A


(6) Notes Receivable with Actual Verification for the Reporting Period

                                                                                                                               Unit: RMB

                                Item                                                       Amount verified

N/A

Of which, verification of significant notes receivable:
                                                                                                                               Unit: RMB

                                                                                           Verification        Whether generated from
   Subsidiary          Nature     Amount verified         Reason for verification
                                                                                      procedures performed connected transactions

        N/A

        Total

Notes of the verification of notes receivable: Non




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4. Accounts Receivable

(1) Accounts Receivable Disclosed by Category

                                                                                                                                                                                     Unit: RMB

                                                                     Ending balance                                                              Beginning balance

                                            Book value                Provision for impairment                              Book value               Provision for impairment
             Category
                                                                                      Withdrawal Carrying amounts                                                 Withdrawal Carrying amounts
                                        Amount          Percentage      Amount                                          Amount          Percentage     Amount
                                                                                      proportion                                                                   proportion

Accounts receivable for which bad
                                     1,452,996,712.00       4.01% 68,560,314.00           4.72% 1,384,436,398.00 1,097,075,607.00           4.76% 41,752,588.00        3.81% 1,055,323,019.00
debt provision accrued separately

Of which:

Accounts receivable for which bad   34,741,614,414.00     95.99% 20,383,276.00            0.06% 34,721,231,138.00
                                                                                                                    21,929,927,770.00     95.24% 16,110,434.00         0.07% 21,913,817,336.00
debt provision accrued by group

Of which:

Total                               36,194,611,126.00    100.00% 88,943,590.00            0.25% 36,105,667,536.00 23,027,003,377.00      100.00% 57,863,022.00         0.25% 22,969,140,355.00

Bad debt provision withdrawn separately: None
                                                                                                                                                                                     Unit: RMB

                                                                                                           Ending balance
Name
                                    Book value                               Provision for impairment               Withdrawal proportion                   Reason for withdrawal

N/A

Total

Bad debt provision accrued by group: None
                                                                                                                                                                                     Unit: RMB

                    Name                                                                                       Ending balance
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                                                                     Book value                              Provision for impairment                          Withdrawal proportion

Portfolio of credit risk                                                       36,194,611,126.00                                    88,943,590.00                                            0.25%

Total                                                                          36,194,611,126.00                                    88,943,590.00 --

-Notes of the basis of recognizing the group:
N/A
Please refer to the relevant information of disclosure of bad debt provision of other accounts receivable if adopting the general mode of expected credit loss to withdraw bad debt provision of
notes receivable.
√ Applicable □ Not applicable

                                                                                                               2021

                                                        Book value                                            Provision for impairment                                                             

   Category                                      Amount                      Proportion (%)                   Amount                      Proportion (%)             Carrying amounts

   Bad        debt    provision                                                                                                                                                                    
   withdrawn separately

        -Customers with high                                  70,148,590.00           0.19%                             68,560,314.00            97.74%                                 1,588,276.00
        credit risk

        Customers with low                                 1,382,848,122.00           3.82%                                       0.00            0.00%                             1,382,848,122.00
        credit risk

        Bad    debt   provision                                                                                                                                                                    
        accrued by group

        -Customers         with                           34,741,614,414.00          95.99%                             20,383,276.00             0.06%                           34,721,231,138.00
        medium credit risk

   Total                                                  36,194,611,126.00         100.00%                             88,943,590.00             0.25%                           36,105,667,536.00




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Disclosed by aging
                                                                                                                             Unit: RMB

                                   Ageing                                                   Ending balance

Within 1 year (including 1 year)                                                                                    35,643,956,238.00

1 to 2 years                                                                                                           205,598,700.00

2 to 3 years                                                                                                           221,515,431.00

Over 3 years                                                                                                           123,540,757.00

  3 to 4 years                                                                                                          92,936,694.00

  4 to 5 years                                                                                                            6,764,216.00

  More than 5 years                                                                                                     23,839,847.00

Total                                                                                                                36,194,611,126.00


(2) Bad Debt Provision Withdrawn, Reversed or Recovered in the Reporting Period

Information of withdrawal of bad debt provision:
                                                                                                                             Unit: RMB

                               Beginning                        Changes in the Reporting Period
         Category                                                                                                       Ending balance
                                  balance      Withdrawal       Reversal or recovery     Write-off          Others

Bad debt of
                               57,863,022.00    45,978,502.00          -12,155,388.00 -2,439,492.00     -303,054.00 88,943,590.00
accounts receivable

Total                          57,863,022.00    45,978,502.00          -12,155,388.00 -2,439,492.00     -303,054.00 88,943,590.00

Of which bad debt provision reversed or recovered with significant amount:
                                                                                                                             Unit: RMB

                     Subsidiary                     Amount reversed or recovered                      Way of recovery

                       N/A

                       Total


(3) Accounts Receivable with Actual Verification during the Reporting Period

                                                                                                                             Unit: RMB

                                     Item                                                  Amount verified

                                     N/A

Of which the verification of significant accounts receivable:
                                                                                                                             Unit: RMB

                                                                                             Verification        Whether generated
                                                                         Reason for
        Subsidiary                  Nature      Amount verified                               procedures             from connected
                                                                        verification
                                                                                              performed               transactions



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        N/A

        Total

Notes: None


(4) Top 5 Accounts Receivable in Ending Balance Collected according to the Arrears Party

                                                                                                                            Unit: RMB

                                  Ending balance of accounts     Proportion to the total ending        Ending balance of bad debt
        Subsidiary
                                          receivable             balance of accounts receivable                provisions

Sum of top 5 accounts
                                             15,597,173,326.00                             43.09%                                  0.00
receivable

Total                                        15,597,173,326.00                             43.09%


(5) Accounts Receivable Derecognized Due to the Transfer of Financial Assets

N/A


(6) The Amount of the Assets and Liabilities Formed by the Transfer and the Continued Involvement of
Accounts Receivable

N/A
Other notes:
N/A


5. Accounts Receivable Financing

                                                                                                                            Unit: RMB

                     Item                                  Ending balance                              Beginning balance

                     N/A

                     Total                                                          0.00                                           0.00

Increase/decrease in accounts receivable financing in the Reporting Period and changes in fair value
□ Applicable √ Not applicable
If the provision for impairment of accounts receivable financing was withdrawn in accordance with the general model of expected
credit losses, information related to provision for impairment shall be disclosed by reference to the disclosure method of other
receivables:
□ Applicable √ Not applicable
Other notes:
N/A




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6. Prepayments

(1) List by Aging Analysis

                                                                                                                             Unit: RMB

                                             Ending balance                                        Beginning balance
         Ageing
                                   Amount                     Percentage                    Amount                 Percentage

Within 1 year                      1,002,884,882.00                    94.56%               1,000,241,405.00                  90.02%

1 to 2 years                          13,406,564.00                        1.26%              18,143,348.00                     1.63%

2 to 3 years                          16,366,855.00                        1.55%              84,733,056.00                     7.62%

Over 3 years                          27,877,063.00                        2.63%               8,071,483.00                     0.73%

Total                              1,060,535,364.00               --                        1,111,189,292.00            --

Notes of the reasons of the prepayment aging over 1 year with significant amount but failed settled in time:
The Group has no such over-1-year-old prepayments with a substantial amount that were not settled in time.


(2) Top 5 of the Ending Balance of the Prepayments Collected according to the Prepayment Target

The total amount of the prepayment of the top 5 of the Group at the period-end was of RMB599,318,890.00 that covered 56.51% of
the total amount of the ending balance of the prepayment at the period-end.
Other notes: N/A


7. Other Accounts Receivable

                                                                                                                             Unit: RMB

                      Item                                Ending balance                               Beginning balance

Interest receivable                                                           859,163.00                                 2,037,452.00

Dividends receivable                                                        11,322,356.00                                1,842,137.00

Other receivables                                                          688,677,833.00                              654,235,244.00

Total                                                                      700,859,352.00                              658,114,833.00


(1) Interest Receivable

1) Category of Interest Receivable

                                                                                                                             Unit: RMB

                      Item                                Ending balance                               Beginning balance

Fixed time deposit                                                            859,163.00                                 2,037,452.00

Entrusted loan                                                                       0.00                                        0.00

Bond investment                                                                      0.00                                        0.00


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Total                                                                859,163.00                             2,037,452.00


2) Significant Overdue Interest

                                                                                                                Unit: RMB

                                                                                                    Whether occurred
        Borrower                  Ending balance   Overdue time                    Reason          impairment and its
                                                                                                     judgment basis

N/A

Total

Other notes: N/A


3) Withdrawal of Bad Debt Provision

□ Applicable √ Not applicable


(2) Dividend Receivable

1) Category of Dividend Receivable

                                                                                                                Unit: RMB

             Item(or investee)                     Ending balance                           Beginning balance

Bank of Chongqing                                                   9,397,735.00                                      0.00

Beijing Electronic Zone High-tech Group                             1,924,621.00
                                                                                                            1,842,137.00
Co., Ltd.

Total                                                             11,322,356.00                             1,842,137.00


2) Significant Dividend Receivable Aging Over One Year

                                                                                                                Unit: RMB

                                                                                                    Whether occurred
    Item(or investee)             Ending balance      Ageing               Unrecovered reason      impairment and its
                                                                                                     judgment basis

N/A

Total


3) Withdrawal of Bad Debt Provision

□ Applicable √ Not applicable
Other notes: N/A



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(3) Other Accounts Receivable

1) Other Account Receivable Classified by Account Nature

                                                                                                                                  Unit: RMB

         Nature of other receivables                  Ending carrying balance                        Beginning carrying balance

VAT refunds and export tax rebate                                               129,497.00                                41,149,236.00

Amount due from equity transfer                                         200,000,000.00                                   200,000,000.00

Security deposits                                                       281,840,889.00                                   171,340,282.00

Others                                                                  215,637,047.00                                   250,789,738.00

Total                                                                   697,607,433.00                                   663,279,256.00


2) Withdrawal of Bad Debt Provision

                                                                                                                                  Unit: RMB

                                  Phase I                  Phase II                          Phase III

                              Expected credit      Expected credit losses for      Expected credit losses for
Provision for impairment                                                                                                  Total
                            losses in the next 12 the whole existence period the whole existence period
                                  months            (no credit impairment)         (with credit impairment)

Balance of 1 January
                                            0.00                         0.00                     9,044,012.00             9,044,012.00
2021

Balance of 1 January
2021 in the current                 ——                     ——                             ——                        ——
period

--Transferred to the
                                            0.00                         0.00                              0.00                       0.00
Phase II

-Transfer to Third stage                    0.00                         0.00                              0.00                       0.00

-Reverse to Second stage                    0.00                         0.00                              0.00                       0.00

-Reverse to First stage                     0.00                         0.00                              0.00                       0.00

Withdrawal of the current
                                            0.00                         0.00                         45,783.00               45,783.00
period

Reversal of the current
                                            0.00                         0.00                            288.00                     288.00
period

Write-offs of the current
                                            0.00                         0.00                              0.00                       0.00
period

Verification of the
                                            0.00                         0.00                        159,907.00              159,907.00
current period

Other changes                               0.00                         0.00                              0.00                       0.00



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Balance of 30 June 2021                        0.00                           0.00               8,929,600.00                8,929,600.00

Changes of carrying amount with significant amount changed of loss provision in the current period
□ Applicable √ Not applicable
Disclosed by aging
                                                                                                                                Unit: RMB

                                                Ageing                                                          Ending balance

Within 1 year (including 1 year)                                                                                        388,017,020.00

1 to 2 years                                                                                                              38,830,906.00

2 to 3 years                                                                                                              13,390,411.00

Over 3 years                                                                                                             257,369,096.00

  3 to 4 years                                                                                                            11,835,682.00

  4 to 5 years                                                                                                                591,752.00

  More than 5 years                                                                                                      244,941,662.00

Total                                                                                                                    697,607,433.00


3) Bad Debt Provision Withdrawn, Reversed or Recovered in the Reporting Period

Information of withdrawal of bad debt provision:
                                                                                                                                Unit: RMB

                                                                       Changes in the Reporting Period
          Category                Beginning balance                        Reversal or                                  Ending balance
                                                          Withdrawal                        Write-off        Others
                                                                            recovery

Bad debt provisions for
                                         9,044,012.00         45,783.00         -288.00      -159,907.00         0.00        8,929,600.00
other receivables

Total                                    9,044,012.00         45,783.00         -288.00      -159,907.00         0.00        8,929,600.00

Of which bad debt provision reversed or recovered with significant amount:
                                                                                                                                Unit: RMB

                 Subsidiary                             Amount reversed or recovered                       Way of recovery

N/A

Total                                                                                                            --


4) Other Accounts Receivable with Actual Verification during the Reporting Period

                                                                                                                                Unit: RMB

                                  Item                                                        Amount verified

Customer 1                                                                                                                    159,907.00

Of which the verification of significant other accounts receivable:


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                                                                                                                                        Unit: RMB

                                                                                                 Verification
                                                                          Reason for                                Whether generated from
        Subsidiary               Nature              Amount verified                             procedures
                                                                          verification                               connected transactions
                                                                                                 performed

          N/A

          Total                    --                                           --                    --                          --

Notes: None


5) Top 5 Other Accounts Receivable in Ending Balance Collected according to the Arrears Party

                                                                                                                                        Unit: RMB

                                                                                                                                        Ending
                                                                                                           Proportion to the total
                                                                                                                                       balance of
  Subsidiary                      Nature                    Ending balance              Ageing               ending balance of
                                                                                                                                       bad debt
                                                                                                              other receivables
                                                                                                                                       provisions

Customer A         Others                                    200,000,000.00 More than 5 years                             28.54%             0.00

Customer B         Others                                      78,240,796.00 Within 1 year                                11.16%             0.00

Customer C         Security deposits                           38,327,127.00 Within 1 year                                 5.47%             0.00

Customer D         Security deposits                           18,947,166.00 Within 1 year                                 2.70%

                   Water, electricity, gas, heat, power        18,725,114.00 Within 1 year and 1 to                        2.67%
Customer E                                                                                                                                   0.00
                   fees, etc.                                                 2 years

Total                                  --                    354,240,203.00               --                              50.54%             0.00


6) Accounts Receivable Involving Government Grants

                                                                                                                                        Unit: RMB

                                Project of government                                                                  Estimated recovering
          Subsidiary                                           Ending balance                  Ending aging
                                            grants                                                                    time, amount and basis

             N/A


7) Other Accounts Receivable Derecognized Due to the Transfer of Financial Assets

N/A


8) Amount of Assets and Liabilities Due to the Transfer of Other Account Receivable and Continued
Involvement

N/A




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8. Inventories

Whether the Company shall comply with the disclosure requirements for real estate industry
No


(1) Category of Inventories

                                                                                                                               Unit: RMB

                                       Ending balance                                           Beginning balance

                                        Falling price                                             Falling price
                                         reserves or                                               reserves or
     Item                                impairment                                                impairment
                     Book value                             Carrying amounts   Book value                             Carrying amounts
                                        provision for                                             provision for
                                          contract                                                  contract
                                      performance costs                                         performance costs

Raw
                  11,441,157,031.00 1,808,646,557.00 9,632,510,474.00 8,068,822,655.00             933,491,391.00      7,135,331,264.00
materials

Work in
                   3,400,711,094.00     635,561,765.00 2,765,149,329.00 2,811,789,420.00           583,885,537.00      2,227,903,883.00
progress

Finished
                  13,042,997,061.00 2,115,071,978.00 10,927,925,083.00 10,074,715,347.00 1,767,518,826.00              8,307,196,521.00
goods

Consumable
                    168,412,988.00                   0.00     168,412,988.00   162,817,575.00                  0.00      162,817,575.00
s

Consumptiv
e living                      0.00                   0.00               0.00             0.00                  0.00                0.00
assets

Costs to
fulfil a
contract             70,152,454.00                   0.00      70,152,454.00    42,205,247.00                  0.00       42,205,247.00
with a
customer

Goods in
                              0.00                   0.00               0.00             0.00                  0.00                0.00
transit

Total             28,123,430,628.00 4,559,280,300.00 23,564,150,328.00 21,160,350,244.00 3,284,895,754.00 17,875,454,490.00


(2) Falling Price Reserves of Inventories and Impairment Provision for Contract Performance Costs

                                                                                                                               Unit: RMB

                                                     Increased amount                         Decrease
                         Beginning
           Item                                                                   Reverse or                            Ending balance
                           balance          Withdrawal             Others                                Others
                                                                                  write-off

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Raw materials           933,491,391.00 1,128,858,869.00                 0.00    253,703,703.00                  0.00 1,808,646,557.00

Work in progress        583,885,537.00     319,745,271.00               0.00    268,069,043.00                  0.00    635,561,765.00

Finished goods         1,767,518,826.00 1,235,443,087.00                0.00    887,889,935.00                  0.00 2,115,071,978.00

Consumables                        0.00           23,838.00             0.00         23,838.00                  0.00                 0.00

Consumptive
                                   0.00                0.00             0.00               0.00                 0.00                 0.00
living assets

Costs to fulfil a
contract with a                    0.00                0.00             0.00               0.00                 0.00                 0.00
customer

Total                  3,284,895,754.00 2,684,071,065.00                0.00 1,409,686,519.00                   0.00 4,559,280,300.00

N/A


(3) Notes to the Ending Balance of Inventories Including Capitalized Borrowing Expense

N/A


(4) Amount of Contract Performance Costs Amortized in the Reporting Period

N/A


9. Contract Assets

                                                                                                                             Unit: RMB

                                                  Ending balance                                    Beginning balance
             Item                                   Provision for    Carrying                        Provision for        Carrying
                                  Book value                                         Book value
                                                    impairment       amounts                          impairment          amounts

Contract assets                   42,554,504.00         207,800.00 42,346,704.00 50,105,195.00             207,800.00    49,897,395.00

Total                             42,554,504.00         207,800.00 42,346,704.00 50,105,195.00             207,800.00    49,897,395.00

The amount of significant changes in the carrying value of contract assets and reason during the Reporting Period:
                                                                                                                             Unit: RMB

                Item                      Amount changed                                          Reason

N/A

Total                                                                                             ——

Please refer to the relevant information of disclosure of bad debt provision of other contract assets if adopting the general mode of
expected credit loss to withdraw bad debt provision of notes receivable.
□ Applicable √ Not applicable
Additions, recoveries or reversals of provision for contract assets during the Reporting Period
                                                                                                                             Unit: RMB

           Item              Withdrawal of the current Reversal of the current Write-offs/Verification of        Reason for change


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                                       period                  period               the current period

N/A

Total                                                                                                               ——

Other notes:
N/A


10. Held-for-sale Assets

                                                                                                                           Unit: RMB

                     Ending carrying       Provision for   Ending carrying                         Estimated         Estimated
         Item                                                                   Fair value
                            balance        impairment           value                             disposal cost     disposal time

N/A

Total                                                                                                                    ——

Other notes:
N/A


11. Other Current Assets

                                                                                                                           Unit: RMB

                     Item                                  Ending balance                            Beginning balance

Contract acquisition cost of                                                       0.00                                         0.00

Costs receivables for recovering products
                                                                          69,857,582.00                             131,986,424.00
from a customer

VAT on tax credits                                                      5,391,537,246.00                          6,447,432,350.00

Input tax to be verified or deducted                                     558,251,603.00                           1,068,285,033.00

Wealth management products                                                         0.00                               2,611,572.00

Prepaid income taxes                                                      15,945,090.00                              23,710,045.00

Others                                                                   105,844,208.00                             174,843,828.00

Total                                                                   6,141,435,729.00                          7,848,869,252.00

Other notes: N/A




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12. Long-term Equity Investment

                                                                                                                                                                                          Unit: RMB

                                                                                          Increase/decrease

                                                                          Profit and loss                                        Declared
                                                                                             Adjustment of                                        Impai                                  Ending balance
                    Beginning balance                                     on investments                                       distribution of                       Ending balance
       Investee                           Additional       Reduced                               other          Other equity                      rment                                  for impairment
                     (carrying value)                                       confirmed                                               cash                  Others     (carrying value)
                                          investments     investments                        comprehensive movements                              provi                                    provisions
                                                                           according to                                        dividends or
                                                                                                income                                            sions
                                                                            equity law                                             profits

I. Joint ventures

N/A

Sub-total

II. Associated enterprises

Beijing Nissin
Electronics
Precision                    263,858.00            0.00            0.00       938,625.00                 0.00          0.00                0.00    0.00       0.00        1,202,483.00             0.00
Component Co.,
Ltd.

Beijing Nittan
Electronic Co.,         71,396,821.00              0.00            0.00     4,753,636.00                 0.00          0.00                0.00    0.00       0.00       76,150,457.00             0.00
Ltd.

Beijing
Infi-Hailin
Venture                  1,166,524.00              0.00            0.00      -830,360.00                 0.00          0.00                0.00    0.00       0.00          336,164.00             0.00
Investment Co.,
Ltd.


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Erdos BOE
Energy
                   906,163,137.00    0.00           0.00     -332,005.00             0.00          0.00         0.00    0.00       0.00    905,831,132.00 777,858,312.00
Investment Co.,
Ltd.

Beijing Fly
Hailin
                             0.00    0.00           0.00            0.00             0.00          0.00         0.00    0.00       0.00              0.00              0.00
Investment
Center (LLP)

TPV Display
Technology          24,828,264.00    0.00           0.00    2,014,621.00             0.00          0.00         0.00    0.00       0.00     26,842,885.00              0.00
(China) Limited

Beijing
XindongNeng
                  2,058,142,325.00   0.00 319,214,968.00    6,750,375.00   -66,822,001.00          0.00 -2,000,000.00   0.00       0.00   1,676,855,731.00             0.00
Investment Fund
(LLP)

Beijing
Xindongneng
Investment           7,921,626.00    0.00           0.00    1,852,544.00             0.00          0.00         0.00    0.00       0.00      9,774,170.00              0.00
Management
Co., Ltd.

Shenzhen
Yunyinggu                                                                                    1,152,357.0
                    21,910,887.00    0.00           0.00   -3,337,280.00       -134,514.00                      0.00    0.00       0.00     19,591,450.00              0.00
Technology Co.,                                                                                       0
Ltd.

Beijing Xloong
Technologies        19,766,940.00    0.00           0.00     123,032.00              0.00 773,082.00            0.00    0.00       0.00     20,663,054.00              0.00
Co., Ltd.

New on               2,400,038.00    0.00           0.00            0.00             0.00          0.00         0.00    0.00 -27,091.00      2,372,947.00              0.00

                                                                                                                                                                      156
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Technology Co.,
Ltd.

Cnoga Medical                                                                                                   -2,638,849.   260,679,465.00 248,691,927.00
                   266,520,324.00   0.00         0.00    -3,202,010.00      0.00          0.00    0.00   0.00
Co., Ltd.                                                                                                               00

Hefei Xin Jing
Yuan Electronic
                             0.00   0.00         0.00            0.00       0.00          0.00    0.00   0.00         0.00              0.00             0.00
Materials Co.,
Ltd.

Beijing
Zhonglianhe
Ultra HD
                     2,426,909.00   0.00         0.00     -402,819.00       0.00          0.00    0.00   0.00         0.00      2,024,090.00             0.00
Collaborative
Technology
Centre Co., Ltd.

Tianjin
Xianzhilian
Investment
                      991,163.00    0.00         0.00    8,041,801.00       0.00          0.00    0.00   0.00         0.00      9,032,964.00             0.00
Management
Center (Limited
Partnership)

Tianjin
Xianzhilian
                                                                                   -2,298,800.0
Investment         474,207,278.00   0.00         0.00   -15,160,073.00      0.00                  0.00   0.00         0.00    456,748,405.00             0.00
                                                                                             0
Center (Limited
Partnership)

Beijing
Innovation         204,063,254.00   0.00         0.00      997,328.00       0.00          0.00    0.00   0.00         0.00    205,060,582.00             0.00
Industry

                                                                                                                                                        157
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Investment Co.,
Ltd.

Beijing Electric
Control Industry
                   200,283,114.00           0.00          0.00      809,487.00       2,642,278.00   0.00   0.00   0.00       0.00   203,734,879.00             0.00
Investment Co.,
Ltd.

BOE Houji
Technology
                      917,633.00            0.00          0.00     -454,073.00              0.00    0.00   0.00   0.00       0.00      463,560.00              0.00
(Beijing) Co.,
Ltd.

BioChain
(Beijing)
                   200,203,487.00 150,000,000.00          0.00    -1,897,578.00             0.00    0.00   0.00   0.00       0.00   348,305,909.00             0.00
Science &
Technology, Inc.

Shenzhen
Jiangcheng
                     5,011,461.00           0.00   4,851,265.00    -143,937.00              0.00    0.00   0.00   0.00 -16,259.00             0.00             0.00
Technology Co.,
Ltd.

Hunan BOE
Yiyun Science
                   253,630,000.00           0.00          0.00    1,368,215.00              0.00    0.00   0.00   0.00       0.00   254,998,215.00             0.00
& Technology
Co., Ltd.

Guoke BOE
(Shanghai)
Equity
                             0.00   2,571,400.00          0.00    -1,269,516.00             0.00    0.00   0.00   0.00       0.00     1,301,884.00             0.00
Investment
Management
Co., Ltd.

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                                                                                                                                        -2,682,199.   4,481,970,426.00 1,026,550,239.0
Sub-total         4,722,215,043.00 152,571,400.00 324,066,233.00         620,013.00   -64,314,237.00 -373,361.00 -2,000,000.00   0.00
                                                                                                                                                00                                       0

                                                                                                                                        -2,682,199.   4,481,970,426.00 1,026,550,239.0
Total             4,722,215,043.00 152,571,400.00 324,066,233.00         620,013.00   -64,314,237.00 -373,361.00 -2,000,000.00   0.00
                                                                                                                                                00                                       0

Other notes:
N/A


13. Other Equity Instrument Investment

                                                                                                                                                                         Unit: RMB

                            Item                                                   Ending balance                                             Beginning balance

Beijing Electronics Zone High-Tech Group Co., Ltd.                                                       58,563,456.00                                                74,372,840.00

Zhejiang BOE Display Technology Co., Ltd.                                                                   321,256.00                                                   321,256.00

Zhejiang Qiusheng Optoelectronics Technology Co., Ltd.                                                      248,776.00                                                   248,776.00

Beijing Digital TV National Engineering Laboratory Co., Ltd.                                              6,250,000.00                                                 6,250,000.00

Qingdao Ultra HD Video Innovation Technology Co., Ltd.                                                      500,000.00                                                            0.00

Bank of Chongqing                                                                                       108,382,711.00                                               102,845,668.00

New Century Medical Treatment                                                                            23,728,596.00                                                36,995,513.00

Beijing Horizon Robotics Technology Research and
                                                                                                         32,285,480.00                                                            0.00
Development Co., Ltd.

Danhua Capital,L.P.                                                                                      32,300,500.00                                                32,624,500.00

Danhua Capital II,L.P.                                                                                   64,601,000.00                                                65,249,007.00

Kateeva Inc.                                                                                             77,165,895.00                                                77,939,931.00

ZGLUE INC.                                                                                                        0.00                                                            0.00

Nanosys INC                                                                                              48,450,750.00                                                48,936,750.00

                                                                                                                                                                                  159
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Ceribell INC                                                                                                     8,398,123.00                                                       8,482,363.00

Baebies INC                                                                                                     28,383,657.00                                                      28,668,368.00

KAIMAGING INC.                                                                                                   1,859,004.00                                                       1,877,651.00

MOOV INC.                                                                                                       25,947,313.00                                                      26,207,585.00

Illumina Fund I,L.P.                                                                                            24,838,942.00                                                      21,320,235.00

ACQIS Technology,Inc.                                                                                            1,292,020.00                                                       1,304,980.00

Total                                                                                                          543,517,479.00                                                     533,645,423.00

Disclosure of Non-trading Equity Instrument Investment
                                                                                                                                                                                      Unit: RMB

                                                                                                                                                                                 Reason for
                                                                                                       Amount transferred from
                                                                                                                                   Reason for being designated at fair        transferring from
                                            Dividend income                             Accumulative    other comprehensive
                   Item                                            Accumulative gains                                              value through other comprehensive        other comprehensive
                                               recognized                                  losses        income to retained
                                                                                                                                                  income                     income to retained
                                                                                                              earnings
                                                                                                                                                                                  earnings

                                                                                                                                 With the intention of establishing or
Beijing Electronics Zone High-Tech Group
                                                  1,924,620.00          24,318,059.00           0.00                      0.00 maintaining a long-term investment for N/A
Co., Ltd.
                                                                                                                                 strategic reasons

                                                                                                                                 With the intention of establishing or
Zhejiang BOE Display Technology Co.,
                                                            0.00                 0.00           0.00                      0.00 maintaining a long-term investment for N/A
Ltd.
                                                                                                                                 strategic reasons

                                                                                                                                 With the intention of establishing or
Zhejiang Qiusheng Optoelectronics
                                                  1,629,959.00           3,040,266.00           0.00                      0.00 maintaining a long-term investment for N/A
Technology Co., Ltd.
                                                                                                                                 strategic reasons

                                                                                                                                 With the intention of establishing or
Beijing Digital TV National Engineering
                                                            0.00                 0.00           0.00                      0.00 maintaining a long-term investment for N/A
Laboratory Co., Ltd.
                                                                                                                                 strategic reasons

                                                                                                                                                                                               160
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                                                                                         With the intention of establishing or
Qingdao Ultra HD Video Innovation
                                             0.00               0.00          0.00   0.00 maintaining a long-term investment for N/A
Technology Co., Ltd.
                                                                                         strategic reasons

                                                                                         With the intention of establishing or
Bank of Chongqing                     9,378,620.00      49,765,507.00         0.00   0.00 maintaining a long-term investment for N/A
                                                                                         strategic reasons

                                                                                         With the intention of establishing or
New Century Medical Treatment                0.00         910,302.00          0.00   0.00 maintaining a long-term investment for N/A
                                                                                         strategic reasons

                                                                                         With the intention of establishing or
Beijing Horizon Robotics Technology
                                             0.00               0.00          0.00   0.00 maintaining a long-term investment for N/A
Research and Development Co., Ltd.
                                                                                         strategic reasons

Danhua Capital,L.P.                                                                      With the intention of establishing or
                                      3,517,466.00       8,288,945.00         0.00   0.00 maintaining a long-term investment for N/A
                                                                                         strategic reasons

Danhua Capital II,L.P.                                                                   With the intention of establishing or
                                             0.00       13,800,800.00         0.00   0.00 maintaining a long-term investment for N/A
                                                                                         strategic reasons

Kateeva Inc.                                                                             With the intention of establishing or
                                             0.00               0.00          0.00   0.00 maintaining a long-term investment for N/A
                                                                                         strategic reasons

ZGLUE INC.                                                                               With the intention of establishing or
                                             0.00               0.00          0.00   0.00 maintaining a long-term investment for N/A
                                                                                         strategic reasons

Nanosys INC                                                                              With the intention of establishing or
                                             0.00               0.00          0.00   0.00 maintaining a long-term investment for N/A
                                                                                         strategic reasons


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Ceribell INC                                                                 With the intention of establishing or
                                0.00               0.00          0.00   0.00 maintaining a long-term investment for N/A
                                                                             strategic reasons

Baebies INC                                                                  With the intention of establishing or
                                0.00               0.00          0.00   0.00 maintaining a long-term investment for N/A
                                                                             strategic reasons

KAIMAGING INC.                                                               With the intention of establishing or
                                0.00               0.00          0.00   0.00 maintaining a long-term investment for N/A
                                                                             strategic reasons

MOOV INC.                                                                    With the intention of establishing or
                                0.00               0.00          0.00   0.00 maintaining a long-term investment for N/A
                                                                             strategic reasons

Illumina Fund I,L.P.                                                         With the intention of establishing or
                                0.00         974,930.00          0.00   0.00 maintaining a long-term investment for N/A
                                                                             strategic reasons

ACQIS Technology,Inc.                                                        With the intention of establishing or
                                0.00               0.00          0.00   0.00 maintaining a long-term investment for N/A
                                                                             strategic reasons

Total                   16,450,665.00    101,098,809.00          0.00   0.00 -                                          -

Other notes:
N/A




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14. Other Non-current Financial Assets

                                                                                                                       Unit: RMB

                     Item                             Ending balance                             Beginning balance

Equity investment                                                     606,895,447.00                                        0.00

Total                                                                 606,895,447.00                                        0.00

Other notes:


15. Investment Property

(1) Investment Property Adopted the Cost Measurement Mode

√ Applicable □ Not applicable
                                                                                                                       Unit: RMB

                                                  Houses and                               Construction in
                       Item                                            Land use rights                              Total
                                                   buildings                                  progress

I. Original carrying value

1. Beginning balance                             1,016,178,842.00        687,434,677.00                  0.00   1,703,613,519.00

2. Increased amount of the period                  24,925,550.00                    0.00                 0.00     24,925,550.00

(1) Outsourcing                                                0.00                 0.00                 0.00               0.00

(2)Transfer from inventory/fixed
                                                   24,925,550.00                    0.00                 0.00     24,925,550.00
assets/construction in progress

(3) Business combination increase                              0.00                 0.00                 0.00               0.00

3. Decreased amount of the period                              0.00                 0.00                 0.00               0.00

(1) Disposal                                                   0.00                 0.00                 0.00               0.00

(2) Other transfer                                             0.00                 0.00                 0.00               0.00



4. Ending balance                                1,041,104,392.00        687,434,677.00                  0.00   1,728,539,069.00

II. Accumulative depreciation and accumulative
amortization

1. Beginning balance                              352,793,837.00         154,651,171.00                  0.00    507,445,008.00

2. Increased amount of the period                  15,241,271.00           6,784,373.00                  0.00     22,025,644.00

(1)Withdrawal or amortization                      15,241,271.00           6,784,373.00                  0.00     22,025,644.00

3. Decreased amount of the period                              0.00                 0.00                 0.00               0.00

(1) Disposal                                                   0.00                 0.00                 0.00               0.00

(2) Other transfer                                             0.00                 0.00                 0.00               0.00



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4. Ending balance                             368,035,108.00       161,435,544.00             0.00      529,470,652.00

III. Depreciation reserves                              0.00                  0.00            0.00                 0.00

1. Beginning balance                                    0.00                  0.00            0.00                 0.00

2. Increased amount of the period                       0.00                  0.00            0.00                 0.00

(1) Withdrawal                                          0.00                  0.00            0.00                 0.00

3. Decreased amount of the period                       0.00                  0.00            0.00                 0.00

(1) Disposal                                            0.00                  0.00            0.00                 0.00

(2) Other transfer                                      0.00                  0.00            0.00                 0.00

4. Ending balance                                       0.00                  0.00            0.00                 0.00

IV. Carrying value

1. Ending carrying value                      673,069,284.00       525,999,133.00             0.00     1,199,068,417.00

2. Beginning carrying value                   663,385,005.00       532,783,506.00             0.00     1,196,168,511.00


(2) Investment Property Adopted the Fair Value Measurement Mode

□ Applicable √ Not applicable


(3) Investment Property with Certificate of Title Uncompleted

                                                                                                              Unit: RMB

                      Item                      Carrying amounts                              Reason

N/A

Other notes:
N/A


16. Fixed Assets

                                                                                                              Unit: RMB

                      Item                       Ending balance                          Beginning balance

Fixed assets                                             224,483,239,199.00                          224,770,354,605.00

Disposal of fixed assets                                                   0.00                                    0.00

Total                                                    224,483,239,199.00                          224,770,354,605.00


(1) List of Fixed Assets

                                                                                                              Unit: RMB

                     Item           Plant & buildings          Equipment             Others               Total

I. Original carrying value


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  1. Beginning balance                   62,366,734,483.00   260,069,085,898.00   6,938,507,880.00   329,374,328,261.00

  2. Increased amount of the period       2,081,832,004.00    13,785,630,762.00    735,505,178.00     16,602,967,944.00

     (1) Purchase                              657,223.00       341,805,281.00     476,676,417.00       819,138,921.00

     (2)Transfer from construction in
                                          2,083,331,852.00    13,445,714,309.00    262,974,049.00     15,792,020,210.00
progress

     (3) Business combination increase               0.00                  0.00              0.00                  0.00

     (4) Differences arising from
translation of foreign
                                             -2,157,071.00        -1,888,828.00      -4,145,288.00        -8,191,187.00
currency-denominated financial
statements

  3. Decreased amount of the period         28,372,507.00       293,577,433.00     151,214,701.00       473,164,641.00

     (1) Disposal or scrap                    3,446,957.00      293,577,433.00     151,214,701.00       448,239,091.00

     (2) Other decreased amount             24,925,550.00                  0.00              0.00         24,925,550.00

  4. Ending balance                      64,420,193,980.00   273,561,139,227.00   7,522,798,357.00   345,504,131,564.00

II. Accumulative depreciation

  1. Beginning balance                    6,298,998,834.00    93,606,173,935.00   3,437,354,358.00   103,342,527,127.00

  2. Increased amount of the period        820,936,797.00     14,786,695,271.00    684,923,054.00     16,292,555,122.00

     (1) Withdrawal                        822,056,424.00     14,791,742,161.00    686,005,455.00     16,299,804,040.00

     (2) Differences arising from
translation of foreign
                                             -1,119,627.00        -5,046,890.00      -1,082,401.00        -7,248,918.00
currency-denominated financial
statements

  3. Decreased amount of the period           2,252,947.00      247,961,880.00     115,533,386.00       365,748,213.00

     (1) Disposal or scrap                    2,252,947.00      247,961,880.00     115,533,386.00       365,748,213.00



  4. Ending balance                       7,117,682,684.00   108,144,907,326.00   4,006,744,026.00   119,269,334,036.00

III. Depreciation reserves

  1. Beginning balance                        1,073,381.00     1,182,586,123.00     77,787,025.00      1,261,446,529.00

  2. Increased amount of the period                  0.00       437,361,555.00      80,555,861.00       517,917,416.00

     (1) Withdrawal                                  0.00       437,361,555.00      80,555,861.00       517,917,416.00

  3. Decreased amount of the period                  0.00         26,502,427.00      1,303,189.00         27,805,616.00

     (1) Disposal or scrap                           0.00         26,502,427.00      1,303,189.00         27,805,616.00



  4. Ending balance                           1,073,381.00     1,593,445,251.00    157,039,697.00      1,751,558,329.00

IV. Carrying value

  1. Ending carrying value               57,301,437,915.00   163,822,786,650.00   3,359,014,634.00   224,483,239,199.00


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  2. Beginning carrying value                56,066,662,268.00    165,280,325,840.00         3,423,366,497.00     224,770,354,605.00


(2) Temporarily Idle Fixed Assets

                                                                                                                            Unit: RMB

                                               Accumulated           Provision for
         Item                Book value                                                     Carrying amounts            Notes
                                                depreciation          impairment

N/A


(3) Fixed Assets Leased out by Operating Lease

                                                                                                                            Unit: RMB

                                 Item                                                     Ending carrying value

Fixed assets leased out by operating lease                                                                            140,349,330.00


(4) List of Fixed Assets with Certificate of Title Uncompleted

On 30 June 2021, the carrying value of fixed assets with certificate of title uncompleted totaled RMB14,375,816,239.00, and the
certificate of title was in process.


(5) Disposal of Fixed Assets

                                                                                                                            Unit: RMB

                     Item                                Ending balance                               Beginning balance

N/A

Total                                                                              0.00                                         0.00

Other notes: N/A


17. Construction in Progress

                                                                                                                            Unit: RMB

                     Item                                Ending balance                               Beginning balance

Construction in progress                                            42,790,191,160.00                              42,575,849,952.00

Engineering materials                                                              0.00                                         0.00

Total                                                               42,790,191,160.00                              42,575,849,952.00




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(1) List of Construction in Progress

                                                                                                                                                                                                    Unit: RMB

                                                                                          Ending balance                                                        Beginning balance
                              Item                                                         Provision for                                                          Provision for
                                                                   Book value                                     Carrying amounts            Book value                               Carrying amounts
                                                                                            impairment                                                            impairment

The 6th generation AMOLED (flexible) production
                                                                  22,319,102,053.00                        0.00    22,319,102,053.00       11,920,916,965.00                 0.00        11,920,916,965.00
line-Chongqing

The 6th generation AMOLED project Mianyang                         9,517,943,217.00                        0.00     9,517,943,217.00       10,195,964,634.00                 0.00        10,195,964,634.00

The 10.5th generation TFT-LCD project Wuhan                        1,460,661,000.00                        0.00     1,460,661,000.00       10,551,056,190.00                 0.00        10,551,056,190.00

Others                                                             9,575,522,404.00            83,037,514.00        9,492,484,890.00         9,907,912,163.00                0.00         9,907,912,163.00

Total                                                             42,873,228,674.00            83,037,514.00       42,790,191,160.00       42,575,849,952.00                 0.00        42,575,849,952.00


(2) Changes in Significant Construction in Progress during the Reporting Period

                                                                                                                                                                                                    Unit: RMB

                                                                                                                         Proportion
                                                                                                                             of
                                                                                           Other                                                                   Of which:        Capitalizatio
                                                                                                                         accumulate
                                                                                          decreased                                             Accumulated       Amount of           n rate of
                                                                                                                             d         Job                                                           Sources
                                     Beginning        Increased           Transfer in      amount                                                amount of        capitalized       interests for
    Item             Budget                                                                            Ending balance investment schedul                                                                of
                                      balance         amount            intangible assets during the                                               interest       interests for         the
                                                                                                                             in        e                                                             funding
                                                                                          Reporting                                             capitalization the Reporting Reporting
                                                                                                                         constructio
                                                                                           Period                                                                   Period             Period
                                                                                                                            ns to
                                                                                                                           budget

The 6th                                                                                                                                                                                             Lending
                 46,500,000,000.0 11,920,916,965. 10,975,819,448.                                      22,319,102,054.                                            73,829,709.0
generation                                                               577,634,359.00        0.00                         49.67% 49.67%       75,072,417.00                             0.15% by
                                 0               00                00                                               00                                                          0
AMOLED                                                                                                                                                                                              financial
                                                                                                                                                                                                          167
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(flexible)                                                                                                                                                                                   institution
production                                                                                                                                                                                   s
line-Chongqi
ng

The 6th                                                                                                                                                                                      Lending
generation                                                                                                                                                                                   by
                  46,500,000,000.0 10,195,964,634.                     1,505,580,771.0               9,517,943,217.0                           1,295,761,491. 97,231,712.0
AMOLED                                               827,559,354.00                           0.00                         91.10% 91.10%                                           0.85% financial
                                0              00                                     0                            0                                      00              0
project                                                                                                                                                                                      institution
Mianyang                                                                                                                                                                                     s

The 10.5th                                                                                                                                                                                   Lending
generation                                                                                                                                                                                   by
                  46,000,000,000.0 10,551,056,190. 1,034,255,128.0 10,124,513,227. 137,091.0 1,460,661,000.0                                                   25,169,417.0
TFT-LCD                                                                                                                    79.63% 79.63%        1,063,424.00                       3.23% financial
                                0              00                  0                00           0                 0                                                      0
project                                                                                                                                                                                      institution
Wuhan                                                                                                                                                                                        s

                  139,000,000,000. 32,667,937,789. 12,837,633,930. 12,207,728,357. 137,091.0 33,297,706,271.                                   1,371,897,332. 196,230,838.
Total                                                                                                                       --        --                                                          --
                               00              00                 00                00           0                00                                      00             00


(3) Provisions for Impairment of Construction in Progress during the Reporting Period

                                                                                                                                                                                         Unit: RMB

             Item                   Withdrawal amount                                                                  Reason for withdrawal

KE8 whole machine
                                                             Since the project failed to meet the preset technical specifications and could not be transferred to fixed assets, impairment
automatic production line                    38,543,690.00
                                                             provisions were withdrawn.
value project

The intelligent
manufacturing project of the                                 Since the project was disused and could not further be transferred to fixed assets subsequently, impairment provisions were
                                             44,493,824.00
mobile display system of                                     withdrawn.
BOE Optical Science and

                                                                                                                                                                                                       168
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Technology industrial park

Total                             83,037,514.00                                                        --

Other notes:
N/A


(4) Engineering Materials

                                                                                                                                                       Unit: RMB

                                                   Ending balance                                               Beginning balance
           Item
                             Book value             Provision for impairment   Carrying amounts   Book value   Provision for impairment       Carrying amounts

N/A

Total

Other notes:
N/A




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18. Right-of-Use Assets

                                                                                                        Unit: RMB

             Item            Houses and buildings    Equipment          Others                  Total

I. Original carrying value

  1. Beginning balance              376,911,028.00     107,357,735.00   158,144,293.00          642,413,056.00

  2. Increased amount of
                                     29,495,706.00               0.00        -8,736.00           29,486,970.00
the period

(1) Addition                         29,914,218.00               0.00             0.00           29,914,218.00

(2) Exchange rate change               -418,512.00               0.00        -8,736.00             -427,248.00

  3. Decreased amount
                                      1,055,744.00               0.00       246,739.00            1,302,483.00
of the period

  4. Ending balance                 405,350,990.00     107,357,735.00   157,888,818.00          670,597,543.00

II. Accumulative
depreciation

  1. Beginning balance                4,864,383.00      17,553,554.00             0.00           22,417,937.00

  2. Increased amount of
                                     44,463,048.00       1,573,196.00     3,961,334.00           49,997,578.00
the period

     (1) Withdrawal                  44,501,727.00       1,573,196.00     3,964,396.00           50,039,319.00

     (2) Exchange rate
                                        -38,679.00               0.00        -3,062.00              -41,741.00
change

  3. Decreased amount
                                      1,055,744.00               0.00             0.00            1,055,744.00
of the period

     (1) Disposal                     1,055,744.00               0.00             0.00            1,055,744.00

  4. Ending balance                  48,271,687.00      19,126,750.00     3,961,334.00           71,359,771.00

III. Depreciation reserves

  1. Beginning balance                        0.00               0.00             0.00                      0.00

  2. Increased amount of
                                              0.00               0.00             0.00                      0.00
the period

     (1) Withdrawal                           0.00               0.00             0.00                      0.00

  3. Decreased amount
                                              0.00               0.00             0.00                      0.00
of the period

     (1) Disposal                             0.00               0.00             0.00                      0.00

  4. Ending balance                           0.00               0.00             0.00                      0.00

IV. Carrying value



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  1. Ending carrying
                                 357,079,303.00   88,230,985.00   153,927,484.00          599,237,772.00
value

  2. Beginning carrying
                                 372,046,645.00   89,804,181.00   158,144,293.00          619,995,119.00
value

Other notes:
N/A




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19. Intangible Assets

(1) List of Intangible Assets

                                                                                                                                                                 Unit: RMB

                                                                      Non-patent    Patent and proprietary
                Item                Land use rights       Patent                                              Computer software       Others                  Total
                                                                      technology          technology

I. Original carrying value

     1. Beginning balance            5,252,723,967.00          0.00          0.00          6,942,969,070.00       1,538,996,080.00   1,551,008,011.00     15,285,697,128.00

     2. Increased amount of the
                                           426,818.00          0.00          0.00             -5,254,147.00          19,048,488.00       -346,680.00          13,874,479.00
period

         (1) Purchase                             0.00         0.00          0.00                      0.00           8,063,177.00              0.00           8,063,177.00

         (2) Internal R&D                         0.00         0.00          0.00                      0.00                   0.00              0.00                      0.00

         (3) Business combination
                                                  0.00         0.00          0.00             23,036,292.00                   0.00              0.00          23,036,292.00
increase

         (4) Transfer from
                                           426,818.00          0.00          0.00                      0.00          10,997,079.00              0.00          11,423,897.00
construction in progress

         (5) Exchange rate change                 0.00         0.00          0.00            -28,290,439.00             -11,768.00       -346,680.00         -28,648,887.00

  3. Decreased amount of the
                                                  0.00         0.00          0.00                      0.00           2,599,497.00              0.00           2,599,497.00
period

         (1) Disposal                             0.00         0.00          0.00                      0.00           2,599,497.00              0.00           2,599,497.00

     4. Ending balance               5,253,150,785.00          0.00          0.00          6,937,714,923.00       1,555,445,071.00   1,550,661,331.00     15,296,972,110.00

II. Accumulated amortization

     1. Beginning balance              398,056,104.00          0.00          0.00          1,950,769,869.00         808,673,901.00    252,270,806.00       3,409,770,680.00

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     2. Increased amount of the            63,135,102.00
                                                                   0.00            0.00            325,233,720.00             104,996,983.00         45,413,433.00         538,779,238.00
period

         (1) Withdrawal                    63,135,102.00           0.00            0.00            325,233,720.00             104,996,983.00         45,413,433.00         538,779,238.00

     3. Decreased amount of the
                                                     0.00          0.00            0.00                        0.00             2,536,698.00                  0.00           2,536,698.00
period

         (1) Disposal                                0.00          0.00            0.00                        0.00             2,536,698.00                  0.00           2,536,698.00

     4. Ending balance                    461,191,206.00           0.00            0.00           2,276,003,589.00            911,134,186.00        297,684,239.00       3,946,013,220.00

III. Depreciation reserves

     1. Beginning balance                            0.00          0.00            0.00                        0.00                      0.00                 0.00                      0.00

     2. Increased amount of the
                                                     0.00          0.00            0.00                        0.00                      0.00                 0.00                      0.00
period

         (1) Withdrawal                              0.00          0.00            0.00                        0.00                      0.00                 0.00                      0.00

     3. Decreased amount of the
                                                     0.00          0.00            0.00                        0.00                      0.00                 0.00                      0.00
period

  (1) Disposal                                       0.00          0.00            0.00                        0.00                      0.00                 0.00                      0.00

     4. Ending balance                               0.00          0.00            0.00                        0.00                      0.00                 0.00                      0.00

IV. Carrying value

     1. Ending carrying value           4,791,959,579.00           0.00            0.00           4,661,711,334.00            644,310,885.00       1,252,977,092.00     11,350,958,890.00

     2. Beginning carrying value        4,854,667,863.00           0.00            0.00           4,992,199,201.00            730,322,179.00       1,298,737,205.00     11,875,926,448.00

The proportion of intangible assets generated from the internal R&D of the Company to the balance of intangible assets at the period-end: 0.00%.


(2) Land Use Right with Certificate of Title Uncompleted

As at 30 June 2021, the carrying value of land use right with certificate of title uncompleted totaled RMB4,380,868,454.00.




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20. Goodwill

(1) Original Carrying Value of Goodwill

                                                                                                                               Unit: RMB

                                                                     Increase                   Decrease
  Name of the invested units or
                                      Beginning balance        Formed by business                                     Ending balance
   events generating goodwill                                                                  Disposals
                                                                   combination

                                                                                  0.00
Beijing Yinghe Century Co., Ltd.           42,940,434.00                                                   0.00             42,940,434.00


Suzhou K-Tronics Co., Ltd.                   8,562,464.00                         0.00                     0.00              8,562,464.00

Beijing BOE Optoelectronics
                                             4,423,876.00                         0.00                     0.00              4,423,876.00
Technology Co., Ltd.

BOE Healthcare Investment &
                                          146,460,790.00                          0.00                     0.00            146,460,790.00
Management Co., Ltd.

SES Imagotag SA Co.Ltd.                   706,406,821.00                          0.00                     0.00            706,406,821.00

Nanjing BOE Display Technology
                                          155,714,415.00                          0.00                     0.00            155,714,415.00
Co., Ltd.

Chengdu CEC Panda Display
                                          537,038,971.00                          0.00                     0.00            537,038,971.00
Technology Co., Ltd.

               Total                    1,601,547,771.00                          0.00                     0.00          1,601,547,771.00


(2) Provisions for Impairment of Goodwill

                                                                                                                               Unit: RMB

  Name of the invested units or                                        Increase                     Decrease
                                      Beginning balance                                                                  Ending balance
   events generating goodwill                                 Withdrawal                      Disposals

Beijing BOE Optoelectronics
                                             4,423,876.00               0.00           0.00        0.00           0.00      4,423,876.00
Technology Co., Ltd.

SES Imagotag SA Co.Ltd.                   196,766,653.00                0.00           0.00        0.00           0.00    196,766,653.00

               Total                      201,190,529.00                0.00           0.00        0.00           0.00    201,190,529.00

Information of assets group or the combination of assets group where goodwill is
N/A
Notes of the testing process of goodwill impairment, key parameters(growth rate of predictive period in estimating he present value
of future cash flow, grow rate of stable period, profit rate, discount rate, predictive period, etc.) and the recognition method of
goodwill impairment losses:
N/A
The influence of testing goodwill


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N/A
Other notes:
N/A


21. Long-term Prepaid Expense

                                                                                                                               Unit: RMB

                                                                               Amortization
                                                                                                 Other decreased
                Item                 Beginning balance Increased amount        amount of the                           Ending balance
                                                                                                     amount
                                                                                     period

Payment for public facilities
                                          67,332,342.00                 0.00    10,729,088.00                 0.00        56,603,254.00
construction and use

Cost of operating lease assets
                                          14,172,826.00         6,411,920.00     5,850,901.00                 0.00        14,733,845.00
improvement

Others                                   204,148,317.00       393,852,411.00    56,721,206.00          88,684.00         541,190,838.00

Total                                    285,653,485.00       400,264,331.00    73,301,195.00          88,684.00         612,527,937.00

Other notes:
N/A


22. Deferred Income Tax Assets/Deferred Income Tax Liabilities

(1) Deferred Income Tax Assets Had Not Been Off-set

                                                                                                                               Unit: RMB

                                                   Ending balance                                    Beginning balance
                Item                 Deductible temporary                               Deductible temporary
                                                               Deferred tax assets                                   Deferred tax assets
                                         differences                                          differences

Provision for impairment of assets         118,092,267.00             26,150,984.00             122,139,756.00             27,180,254.00

Internal unrealized profit                             0.00                     0.00                        0.00                     0.00

Deductible tax losses                       51,875,506.00              8,564,931.00             424,212,759.00           132,565,377.00

Changes in fair value of
investments in other equity                137,598,574.00             20,639,786.00             121,789,193.00             18,268,379.00
instruments

Depreciation of fixed assets               178,676,182.00             30,059,805.00             179,801,722.00             30,341,276.00

Assessed value added by
investing real estate in                   128,226,195.00             32,056,549.00             131,003,100.00             32,750,775.00
subsidiaries

Others                                      37,830,926.00              5,693,724.00              64,633,800.00             14,628,946.00

Total                                      652,299,650.00            123,165,779.00           1,043,580,330.00           255,735,007.00



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(2) Deferred Income Tax Liabilities Had Not Been Off-set

                                                                                                                                               Unit: RMB

                                                                  Ending balance                                      Beginning balance
                   Item                           Taxable temporary                Deferred tax            Taxable temporary          Deferred tax
                                                      difference                     liabilities               difference               liabilities

Revaluation due to business
combinations involving entities not                        2,321,077,229.00         685,236,839.00            2,395,173,489.00        713,559,149.00
under common control

Changes in fair value of investment in
                                                                        0.00                       0.00                      0.00                  0.00
other debt obligations

Changes in fair value of investments in
                                                                        0.00                       0.00                      0.00                  0.00
other equity instruments

Depreciation of fixed assets                               5,749,659,365.00         889,439,806.00            4,622,699,062.00        721,371,438.00

Long-term equity investments                                120,141,687.00            18,021,253.00             120,141,687.00         18,021,253.00

Others                                                      147,213,571.00            27,047,160.00             142,029,410.00         25,343,233.00

Total                                                      8,338,091,852.00       1,619,745,058.00            7,280,043,648.00 1,478,295,073.00


(3) Deferred Income Tax Assets or Liabilities Listed by Net Amount after Off-set

                                                                                                                                               Unit: RMB

                             Mutual set-off amount of            Ending balance of          Mutual set-off amount of         Beginning balance of
                                deferred income tax             deferred income tax           deferred income tax             deferred income tax
           Item
                               assets and liabilities at      assets or liabilities after    assets and liabilities at      assets or liabilities after
                                   the period-end                      off-set                     the period-begin                  off-set

Deferred tax assets                      53,065,326.00                   70,100,453.00                    50,693,919.00               205,041,088.00

Deferred tax liabilities                 53,065,326.00                1,566,679,732.00                    50,693,919.00             1,427,601,154.00


(4) List of Unrecognized Deferred Income Tax Assets

                                                                                                                                               Unit: RMB

                      Item                                        Ending balance                                      Beginning balance

Deductible temporary differences                                               16,433,674,565.00                                  16,442,282,572.00

Deductible tax losses                                                          20,915,582,781.00                                  25,680,094,343.00

Total                                                                          37,349,257,346.00                                  42,122,376,915.00


(5) Deductible Losses of Unrecognized Deferred Income Tax Assets will Due in the Following Years

                                                                                                                                               Unit: RMB



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               Year              Ending amount           Beginning amount              Notes

2021                                    102,645,613.00            78,927,101.00                     N/A

2022                                     98,246,826.00           416,996,721.00                     N/A

2023                                    135,362,224.00           518,668,889.00                     N/A

2024                                    360,856,618.00         1,129,623,213.00                     N/A

2025                                  1,906,800,069.00         2,987,078,958.00                     N/A

2026                                  1,392,445,769.00           848,779,232.00                     N/A

2027                                     32,297,550.00           128,972,134.00                     N/A

2028                                  2,696,282,356.00         5,149,658,963.00                     N/A

2029                                  7,681,944,414.00        10,575,127,795.00                     N/A

2030                                  3,342,865,531.00         2,846,283,820.00                     N/A

2031                                  2,741,166,985.00                      0.00                    N/A

Others                                  424,668,826.00           999,977,517.00                     N/A

Total                                20,915,582,781.00        25,680,094,343.00          --

Other notes:
N/A




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23. Other Non-current Assets

                                                                                                                                                                    Unit: RMB

                                                                        Ending balance                                             Beginning balance
                         Item                                           Provision for                                                  Provision for
                                                    Book value                           Carrying amounts          Book value                              Carrying amounts
                                                                        impairment                                                     impairment

Contract acquisition cost of                                     0.00             0.00                      0.00                0.00             0.00                        0.00

Costs to fulfil a contract with a customer             14,415,767.00              0.00          14,415,767.00                   0.00             0.00                        0.00

Costs receivables for recovering products from a
                                                                 0.00             0.00                      0.00                0.00             0.00                        0.00
customer

Contract assets                                                  0.00             0.00                      0.00                0.00             0.00                        0.00

Deferred VAT for imported equipment                 1,644,509,638.00              0.00       1,644,509,638.00      2,444,720,228.00              0.00         2,444,720,228.00

Prepayment for fixed assets                           580,885,477.00              0.00         580,885,477.00      1,476,495,591.00              0.00         1,476,495,591.00

VAT on tax credits                                  3,301,993,510.00              0.00       3,301,993,510.00      3,720,414,204.00              0.00         3,720,414,204.00

Prepayments for construction                          147,880,815.00              0.00         147,880,815.00        130,568,100.00              0.00           130,568,100.00

Gains from transfer of exploration right              512,802,600.00              0.00         512,802,600.00        512,802,600.00              0.00           512,802,600.00

Others                                                329,993,548.00              0.00         329,993,548.00        339,969,296.00              0.00           339,969,296.00

Total                                               6,532,481,355.00              0.00       6,532,481,355.00      8,624,970,019.00              0.00         8,624,970,019.00

Other notes:
N/A




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24. Short-term Borrowings

(1) Category of Short-term Borrowings

                                                                                                                        Unit: RMB

                   Item                                 Ending balance                             Beginning balance

Pledge loan                                                                       0.00                                        0.00

Mortgage loan                                                                     0.00                           600,623,333.00

Guaranteed loan                                                     3,350,216,061.00                           4,117,356,012.00

Credit loan                                                         2,543,671,321.00                           3,881,590,126.00

Total                                                               5,893,887,382.00                           8,599,569,471.00

Notes of category of short-term borrowings:
N/A


(2) Overdue and Outstanding Short-term Borrowings

The total overdue and outstanding short-term borrowings was RMB0.00, of which, the significant ones were listed as follows:
                                                                                                                        Unit: RMB

        Borrower              Ending balance           Loan interest rate           Overdue time          Overdue charge rate

          N/A

          Total                                              ——                        ——                    ——

Other notes: N/A


25. Notes Payable

                                                                                                                        Unit: RMB

                   Item                                 Ending balance                             Beginning balance

Commercial acceptance bills                                            68,323,122.00                             100,709,756.00

Bank acceptance bills                                                 317,588,359.00                           1,130,824,139.00



Total                                                                 385,911,481.00                           1,231,533,895.00

The total overdue and outstanding notes payable at the period-end were RMB0.00.


26. Accounts Payable

(1) List of Accounts Payable

                                                                                                                        Unit: RMB



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                    Item                                 Ending balance                              Beginning balance

Payables to related parties                                           151,422,772.00                               108,759,439.00

Payables to third parties                                          34,369,698,871.00                            27,055,412,243.00

Total                                                              34,521,121,643.00                            27,164,171,682.00


(2) Significant Accounts Payable Aging over One Year

                                                                                                                         Unit: RMB

                    Item                                 Ending balance                       Unpaid/Un-carry-over reason

                    N/A

                    Total

Other notes: N/A


27. Advances from Customers

(1) List of Advances from Customers

                                                                                                                         Unit: RMB

                    Item                                 Ending balance                              Beginning balance

Advances from third parties                                           208,523,536.00                               118,022,230.00

Advances from related parties                                             6,118,783.00                               6,018,519.00

Total                                                                 214,642,319.00                               124,040,749.00


(2) Significant Advances from Customers Aging over One Year

The Group has no significant advances from customers aging over one year.


28. Contract Liabilities

                                                                                                                         Unit: RMB

                    Item                                 Ending balance                              Beginning balance

Sale of goods                                                       3,513,356,959.00                             3,440,720,535.00

Total                                                               3,513,356,959.00                             3,440,720,535.00

The amount of significant changes of carrying value and reason during the Reporting Period:
                                                                                                                         Unit: RMB

             Item                    Amount changed                                           Reason

N/A

Total                                                                                         ——



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29. Payroll Payable

(1) List of Payroll Payable

                                                                                                                 Unit: RMB

                  Item                    Beginning balance         Increase            Decrease          Ending balance

I. Short-term salary                          3,733,572,462.00    9,675,025,642.00     8,845,210,317.00   4,563,387,787.00

II. Post-employment benefit-defined
                                                 21,628,033.00      526,398,888.00      510,262,925.00      37,763,996.00
contribution plans

III. Termination benefits                         3,423,302.00        8,434,288.00        8,658,514.00        3,199,076.00

IV. Other benefits due within one year                    0.00                  0.00               0.00              0.00

Total                                         3,758,623,797.00   10,209,858,818.00     9,364,131,756.00   4,604,350,859.00


(2) List of Short-term Salary

                                                                                                                 Unit: RMB

              Item                    Beginning balance          Increase              Decrease           Ending balance

Salary, bonus, allowance,                 3,184,794,255.00       8,379,666,501.00      7,659,990,032.00   3,904,470,724.00
subsidy

2. Employee welfare                                   0.00        456,768,648.00        456,768,648.00               0.00

3. Social insurance                          32,667,412.00        281,126,245.00        290,166,830.00      23,626,827.00

     Of which: Medical                       29,551,408.00        259,055,632.00        269,095,766.00       19,511,274.00
insurance premiums

            Work-related injury               1,614,132.00         14,296,627.00         13,373,489.00        2,537,270.00
insurance

            Maternity insurance               1,501,872.00          7,773,986.00          7,697,575.00        1,578,283.00

4. Housing fund                              27,141,059.00        318,883,662.00        319,832,304.00      26,192,417.00

5.Labor union budget and                    467,724,919.00        201,834,787.00         86,536,051.00     583,023,655.00
employee education budget

6. Short-term compensated                             0.00                     0.00                0.00              0.00
absence

7. Short-term profit-sharing plan                     0.00                     0.00                0.00              0.00

8. Other short-term salary                   21,244,817.00         36,745,799.00         31,916,452.00      26,074,164.00

Total                                     3,733,572,462.00       9,675,025,642.00      8,845,210,317.00   4,563,387,787.00


(3) List of Defined Contribution Plans

                                                                                                                 Unit: RMB



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            Item              Beginning balance            Increase                      Decrease            Ending balance

1. Basic pension benefits            19,052,829.00          481,744,470.00                466,253,709.00           34,543,590.00

2. Unemployment                          1,110,934.00        23,371,636.00                 23,159,290.00            1,323,280.00
insurance

3. Annuity                               1,464,270.00        21,282,782.00                 20,849,926.00            1,897,126.00

Total                                21,628,033.00          526,398,888.00                510,262,925.00           37,763,996.00

Other notes:


30. Taxes Payable

                                                                                                                        Unit: RMB

                    Item                                Ending balance                              Beginning balance

Value-added tax                                                         53,212,058.00                              40,678,414.00

Consumption tax                                                                  0.00                                         0.00

Corporate income tax                                                  1,147,438,959.00                            442,103,385.00

Individual income tax                                                   38,415,905.00                              60,823,097.00

City maintenance and construction tax                                  357,585,703.00                             239,633,339.00

Education surcharges and local education
                                                                       256,009,273.00                             171,225,887.00
surcharges

Others                                                                 152,049,469.00                             123,222,747.00

Total                                                                 2,004,711,367.00                          1,077,686,869.00

Other notes:
N/A


31. Other Payables

                                                                                                                        Unit: RMB

                    Item                                Ending balance                              Beginning balance

Interest payable                                                           722,695.00                               1,946,267.00

Dividends payable                                                       20,495,428.00                               6,451,171.00

Other payables                                                    28,112,257,684.00                            32,859,311,586.00

Total                                                            28,133,475,807.00                             32,867,709,024.00


(1) Interest Payable

                                                                                                                        Unit: RMB

                    Item                                Ending balance                              Beginning balance

Long-term loan interest of installment                                           0.00                                         0.00

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payment of interest and repay the due
capital

Enterprise bond interest                                                          0.00                                        0.00

Interest paid for short-term borrowings                                    722,695.00                                  1,946,267.00

Interest of preferred shares/perpetual bonds
                                                                                  0.00                                        0.00
classified as financial liabilities

Others                                                                            0.00                                        0.00

Total                                                                      722,695.00                                  1,946,267.00

Significant overdue and outstanding interests:
                                                                                                                          Unit: RMB

                    Borrower                            Overdue amount                                   Reason

N/A

Total                                                                                                     ——

Other notes: N/A


(2) Dividends Payable

                                                                                                                          Unit: RMB

                      Item                               Ending balance                            Beginning balance

Ordinary share dividends                                                20,495,428.00                                  6,451,171.00

Dividends of preferred shares/perpetual
                                                                                  0.00                                        0.00
bonds classified as equity instruments

Total                                                                   20,495,428.00                                  6,451,171.00

Other notes, including the reason for unpayment of significant dividends payable unpaid for over one year: None


(3) Other Accounts Payable

1) Other Accounts Payable Listed by Nature of Account

                                                                                                                          Unit: RMB

                      Item                               Ending balance                            Beginning balance

Projects and equipment                                              18,495,740,129.00                             22,081,009,426.00

Fund transaction                                                     3,050,406,568.00                              3,044,729,475.00

Equity acquisition fee                                               2,236,488,561.00                              2,236,488,561.00

Deferred VAT for imported equipment                                  1,118,961,930.00                              1,920,558,529.00

Repurchase obligation of restricted shares                             875,333,536.00                               875,333,536.00

Pre-withdrawal water and electricity &                                 605,251,407.00                               711,995,694.00
logistics freight


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Margin                                                              550,703,857.00                             576,740,323.00

External agency fee                                                   35,443,063.00                             95,378,987.00

Others                                                             1,143,928,633.00                          1,317,077,055.00

Total                                                            28,112,257,684.00                          32,859,311,586.00


2) Significant Other Accounts Payable Aging over One Year

                                                                                                                    Unit: RMB

                    Item                               Ending balance                      Unpaid/Un-carry-over reason

                    N/A

                   Total

Other notes: N/A


32. Non-current Liabilities Due within One Year

                                                                                                                    Unit: RMB

                    Item                               Ending balance                           Beginning balance

Long-term loans due within 1 year                                20,190,928,616.00                          23,521,529,001.00

Bonds payable due within 1 year                                                0.00                                      0.00

Long-term accounts payable due within 1
                                                                    863,469,148.00                             970,462,538.00
year

Lease liabilities due within 1 year                                   30,465,023.00                             46,428,628.00

Total                                                            21,084,862,787.00                          24,538,420,167.00

Other notes:
The interest rate of RMB long-term loans due within one year for the Group ranged from 0% to 5.88% in 2021 (2020: from 0% to
5.88%).


33. Other Current Liabilities

                                                                                                                    Unit: RMB

                    Item                               Ending balance                           Beginning balance

Short-term bonds payable                                                       0.00                                      0.00

Refund liability                                                    103,173,583.00                             144,834,876.00

Warranty provisions                                                2,425,781,641.00                          1,615,534,790.00

Pending output VAT                                                  278,214,253.00                             278,791,002.00

Others                                                                88,432,153.00                            155,556,184.00

Total                                                              2,895,601,630.00                          2,194,716,852.00

Increase or decrease in short-term bonds payable:

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                                                                                                                               Unit: RMB

                                                                                                             Repaym
                                                                    Issued in                 Amortization
                                                                                                              ent
Debentur       Face       Issuance Maturity Issuance Beginnin          the      Interest at   of premium                        Ending
                                                                                                             during
      e        value          date   period       amount   g balance Current face value           and                          balance
                                                                                                              the
                                                                      Period                  depreciation
                                                                                                             period

   N/A

  Total        ——           ——   ——

Other notes:
N/A


34. Long-term Borrowings

(1) Category of Long-term Borrowings

                                                                                                                               Unit: RMB

                       Item                                  Ending balance                             Beginning balance

Pledge loan                                                              604,337,067.00                                 1,013,068,498.00

Mortgage loan                                                         84,238,939,663.00                                86,808,171,431.00

Guaranteed loan                                                        3,461,547,083.00                                 3,243,676,147.00

Credit loan                                                           43,921,434,796.00                                41,387,851,059.00

Total                                                                132,226,258,609.00                               132,452,767,135.00

Notes of the category of long-term borrowings:
N/A
Other notes, including the interest rate range:
The interest rate of RMB long-term loans for the Group ranged from 0% to 5.90% in 2021 (2020: from 0% to 5.90%).




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35. Bonds Payable

(1) Bonds Payable

                                                                                                                                                                                      Unit: RMB

                             Item                                                      Ending balance                                                Beginning balance

EuroPP                                                                                                            389,542,003.00                                                   398,971,739.00

Total                                                                                                             389,542,003.00                                                   398,971,739.00


(2) Increase/Decrease of Bonds Payable (Excluding Other Financial Instruments Classified as Financial Liabilities such as Preferred Shares and Perpetual
Bonds)

                                                                                                                                                                                      Unit: RMB

                                                                                                                                                                   Translation
                                                                                                                                                                   differences
                                                                                                                                   Amortization                    arising from
                                                                                                                                                  Repayment
                                                   Maturity         Issuance      Beginning       Issued in the Interest at face   of premium                     translation of
  Debenture     Face value      Issuance date                                                                                                     during the                       Ending balance
                                                    period           amount        balance       Current Period       value            and                           foreign
                                                                                                                                                    period
                                                                                                                                   depreciation                     currency
                                                                                                                                                                    financial
                                                                                                                                                                   statements

EuroPP         78,473,000.00 2016.12.29         7 years           78,473,000.00 79,866,803.00              0.00     1,356,870.00      55,253.00              0.00 -3,395,593.00 77,883,333.00

EuroPP        235,419,000.00 2017.03.29         6 years          235,419,000.00 239,802,540.00             0.00     4,070,611.00     204,087.00              0.00 -10,195,958.00 233,881,280.00

EuroPP         75,977,975.00 2019.07.22         6 years           75,977,975.00 79,302,396.00              0.00     1,763,931.00      90,270.00              0.00 -3,379,207.00 77,777,390.00

    Total           --               --               --         389,869,975.00 398,971,739.00             0.00     7,191,412.00     349,610.00              0.00 -16,970,758.00 389,542,003.00


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(3) Explanations on Share Transfer Conditions and Time for Convertible Corporate Bonds

N/A


(4) Other Financial Instruments Classified as Financial Liabilities

Basic situation of other financial instruments outstanding at the period-end such preferred shares and perpetual bonds
N/A
Changes in financial instruments outstanding at the period-end such preferred shares and perpetual liabilities
                                                                                                                                                                              Unit: RMB

    Outstanding                     Period-beginning                                     Increase                            Decrease                           Period-end
        financial
                             Quantity          Carrying amounts            Quantity           Carrying amounts    Quantity        Carrying amounts   Quantity         Carrying amounts
      instruments

N/A

Total

Notes to the basis of classifying other financial instruments as financial liabilities
N/A
Other notes: N/A




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36. Lease Liabilities

                                                                                                                   Unit: RMB

                    Item                            Ending balance                        Beginning balance

Lease liabilities                                               547,150,126.00                            565,344,418.00

                    Total                                       547,150,126.00                            565,344,418.00

Other notes:
N/A


37. Long-term Accounts Payable

                                                                                                                   Unit: RMB

                    Item                            Ending balance                        Beginning balance

Long-term payables                                            1,414,366,149.00                          2,012,337,567.00

Specific payables                                                          0.00                                        0.00

Total                                                         1,414,366,149.00                          2,012,337,567.00


(1) Long-term Accounts Payable Listed by Nature of Account

                                                                                                                   Unit: RMB

                    Item                            Ending balance                        Beginning balance

Long-term payables                                            1,414,366,149.00                          2,012,337,567.00

Other notes: N/A


(2) Specific Payable

                                                                                                                   Unit: RMB

        Item            Beginning balance    Increase           Decrease          Ending balance       Formed reason

N/A

Total                                 0.00                                                    0.00            --

Other notes:




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38. Deferred Income

                                                                                                                                                                                    Unit: RMB

               Item                   Beginning balance                    Increase                          Decrease                 Ending balance                    Formed reason

Government grants                             4,246,231,468.00               2,751,511,028.00                  1,189,438,964.00            5,808,303,532.00 Government grants

Total                                         4,246,231,468.00               2,751,511,028.00                  1,189,438,964.00            5,808,303,532.00                  --

Item involving government grants:
                                                                                                                                                                                    Unit: RMB

                                                                 Amount recorded
                                                                                       Amount recorded       Amount offset cost                                                Related to
                                            Amount of newly      into non-operating
        Item           Beginning balance                                              into other income in    in the Reporting    Other changes        Ending balance       assets/related to
                                                 subsidy           income in the
                                                                                       Reporting Period           Period                                                          income
                                                                 Reporting Period

related to assets        2,846,739,619.00      941,378,294.00                  0.00       171,893,814.00                   0.00     70,329,500.00      3,545,894,599.00 related to assets

related to income        1,399,491,849.00     1,810,132,734.00                 0.00       656,915,650.00                   0.00    290,300,000.00      2,262,408,933.00 related to income

Total                    4,246,231,468.00     2,751,511,028.00                 0.00       828,809,464.00                   0.00    360,629,500.00      5,808,303,532.00 ——

Other notes: N/A


39. Other Non-current Liabilities

                                                                                                                                                                                    Unit: RMB

                             Item                                                       Ending balance                                              Beginning balance

Contract liabilities                                                                                                       0.00                                                             0.00

Contribution of non-controlling interests with redemption
                                                                                                               3,567,199,214.00                                              3,710,474,960.00
provisions


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Deferred VAT for imported equipment                                                                               750,509,638.00                                                   1,472,958,998.00

Others                                                                                                             59,280,195.00                                                      76,567,485.00

Total                                                                                                         4,376,989,047.00                                                     5,260,001,443.00

Other notes:
N/A


40. Share Capital

                                                                                                                                                                                         Unit: RMB

                                                                                                Increase/decrease (+/-)
           Item          Beginning balance                                                        Bonus issue from                                                                Ending balance
                                                    New issues            Bonus shares                                             Others                  Sub-total
                                                                                                         profit

Total shares               34,798,398,763.00                     0.00                    0.00                        0.00                      0.00                     0.00      34,798,398,763.00

Other notes: N/A


41. Other Equity Instrument

(1) The Basic Information of Other Financial Instruments such as Preferred Stock and Perpetual Bond Outstanding at the End of the Period


    Outstanding       Issuance date      Accounting      Interest rate     Issuance price        Quantity                Amount              Maturity date or    Conditions for    Conversion status
        financial                       classification                                                                                        renewal status       conversion
      instruments

19BOEY1             29 October 2019   Equity instrument 4.0%             RMB 100/bond       80 million            RMB 8 billion             3+N years           Not applicable    Not applicable

20BOEY1             28 February 2020 Equity instrument 3.64%             RMB 100/bond       20 million            RMB 2 billion             3+N years           Not applicable    Not applicable

20BOEY2             19 March 2020     Equity instrument 3.54%            RMB 100/bond       20 million            RMB 2 billion             3+N years           Not applicable    Not applicable

20BOEY3             27/4/2020         Equity instrument 3.50%            RMB 100/bond       20 million            RMB 2 billion             3+N years           Not applicable    Not applicable

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(2) Changes in Financial Instruments such as Preferred Stock and Perpetual Bond Outstanding at the End of the Period

                                                                                                                                                                                 Unit: RMB

    Outstanding                         Period-beginning                                 Increase                            Decrease                         Period-end
        financial
                             Quantity              Carrying amounts           Quantity   Carrying amounts     Quantity        Carrying amounts     Quantity            Carrying amounts
      instruments

19BOEY1-original
                                   80,000,000              7,957,047,264.00          0                 0.00              0                  0.00       80,000,000           7,957,047,264.00
value

20BOEY1original
                                   20,000,000              1,989,179,245.00          0                 0.00              0                  0.00       20,000,000           1,989,179,245.00
value

20BOEY2original
                                   20,000,000              1,989,320,755.00          0                 0.00              0                  0.00       20,000,000           1,989,320,755.00
value

20BOEY3original
                                   20,000,000              1,989,415,094.00          0                 0.00              0                  0.00       20,000,000           1,989,415,094.00
value

19BOEY1-interest                             0               56,986,301.00           0       158,684,932.00              0                  0.00                0            215,671,233.00

20BOEY1-interest                             0               61,431,233.00           0        36,100,822.00              0         72,800,000.00                0             24,732,055.00

20BOEY2-interest                             0               55,864,110.00           0        35,109,041.00              0         70,800,000.00                0             20,173,151.00

20BOEY3-interest                             0               47,753,425.00           0        34,712,328.00              0         70,000,000.00                0             12,465,753.00

Total                             140,000,000          14,146,997,427.00             0       264,607,123.00              0        213,600,000.00      140,000,000          14,198,004,550.00

Changes in other equity instruments for the Current Period, explanation on reasons for the changes and basis for related accounting treatment:
On 30 June 2021, as the issued renewable corporate bonds aforementioned are classified as cumulative other equity instruments, the Company accrued interest of RMB264,607,123.00on
renewable corporate bonds from undistributed profits and paid interest of RMB213,600,000.00.
Other notes:
N/A




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42. Capital Reserves

                                                                                                                                                                                             Unit: RMB

                Item                            Beginning balance                           Increase                                  Decrease                             Ending balance

Capital premium (premium on stock)                        37,546,517,053.00                            2,851,741.00                                      0.00                        37,549,368,794.00

Other capital reserves                                      -110,861,119.00                          653,190,440.00                        1,029,805,509.00                             -487,476,188.00

Total                                                     37,435,655,934.00                          656,042,181.00                        1,029,805,509.00                          37,061,892,606.00

Other notes, including notes to increase and decrease during the Reporting Period and the reasons for changes:
N/A


43. Treasury shares

                                                                                                                                                                                             Unit: RMB

                Item                            Beginning balance                           Increase                                  Decrease                             Ending balance

Repurchase of public shares                                1,036,298,508.00                                      0.00                                    0.00                           1,036,298,508.00

Total                                                      1,036,298,508.00                                      0.00                                    0.00                           1,036,298,508.00

Other notes, including notes to increase and decrease during the Reporting Period and the reasons for changes:
N/A


44. Other Comprehensive Income

                                                                                                                                                                                             Unit: RMB

                                                                                                            Reporting Period

                                          Beginning                                       Less:            Less:                                                        Net-of-tax
                                                                                                                                           Net-of-tax amount
                 Item                                     Income before taxation in    Recorded in     Recorded in      Less: Income                                     amount          Ending balance
                                            balance                                                                                    attributable to shareholders
                                                             the Current Period           other            other        tax expense                                   attributable to
                                                                                                                                            of the Company
                                                                                      comprehensive comprehensive                                                     non-controlling

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                                                                                          income in         income in                                      interests
                                                                                         prior period      prior period
                                                                                        and transferred and transferred
                                                                                          in profit or      in retained
                                                                                          loss in the     earnings in the
                                                                                           Current           Current
                                                                                            Period            Period

I. Other comprehensive income that
                                              61,411,897.00           -128,094,497.00              0.00             0.00 -2,371,408.00   -125,723,089.00           0.00 -64,311,192.00
will not be reclassified to profit or loss

Of which: Changes caused by
re-measurements on defined benefit                     0.00                     0.00               0.00             0.00         0.00              0.00            0.00              0.00
pension schemes

        Other comprehensive income
that will not be reclassified to profit or 194,002,494.00             -105,928,126.00              0.00             0.00         0.00    -105,928,126.00           0.00   88,074,368.00
loss under equity method

        Changes in fair value of
investments in other equity                  -132,590,597.00           -22,166,371.00              0.00             0.00 -2,371,408.00    -19,794,963.00           0.00 -152,385,560.00
instruments

        Changes in fair value of
                                                       0.00                     0.00               0.00             0.00         0.00              0.00            0.00              0.00
enterprise credit risk

II. Other comprehensive income that
                                              -83,609,969.00            37,982,753.00              0.00             0.00         0.00     55,687,224.00 -17,704,471.00 -27,922,745.00
may be reclassified to profit or loss

Of which: Other comprehensive
income that will be reclassified to               11,835.00                     0.00               0.00             0.00         0.00              0.00            0.00       11,835.00
profit or loss under equity method

        Changes in fair value of
                                                       0.00                     0.00               0.00             0.00         0.00              0.00            0.00              0.00
investment in other debt obligations


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         Amount of financial assets
reclassified to other comprehensive                 0.00                         0.00            0.00            0.00           0.00                         0.00         0.00               0.00
income

         Provision for credit
impairment of investment in other                   0.00                         0.00            0.00            0.00           0.00                         0.00         0.00               0.00
debt obligations

         Reserves for cash flow hedges              0.00                         0.00            0.00            0.00           0.00                         0.00         0.00               0.00

         Translation differences arising
from translation of foreign currency       -83,621,804.00              37,982,753.00             0.00            0.00           0.00               55,687,224.00 -17,704,471.00 -27,934,580.00
financial statements

Total of other comprehensive income        -22,198,072.00              -90,111,744.00            0.00            0.00 -2,371,408.00               -70,035,865.00 -17,704,471.00 -92,233,937.00

Other notes, including the note to the adjustment of the initial recognition amount of hedged item transferred from the effective gain/loss on cash flow hedges:
N/A




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45. Surplus Reserves

                                                                                                                             Unit: RMB

            Item               Beginning balance              Increase                  Decrease                Ending balance

Statutory surplus reserve             2,154,745,360.00            4,161,389.00                       0.00          2,158,906,749.00

Discretionary surplus
                                       289,671,309.00                      0.00                      0.00            289,671,309.00
reserve

Reserve fund                                      0.00                     0.00                      0.00                        0.00

Enterprise expansion
                                                  0.00                     0.00                      0.00                        0.00
fund

Others                                            0.00                     0.00                      0.00                        0.00

Total                                 2,444,416,669.00            4,161,389.00                       0.00          2,448,578,058.00

Notes to surplus reserves, including the note to increase and decrease in the Reporting Period and the reason for changes:
N/A


46. Retained Profits

                                                                                                                             Unit: RMB

                        Item                                   Reporting Period                     Same period of last year

Opening balance of retained profits before
                                                                         15,509,794,622.00                        12,381,758,005.00
adjustments

Total beginning balance of retained profits before
                                                                                       0.00                         -533,906,114.00
adjustments (increase+, decrease-)

Beginning balance of retained profits after
                                                                         15,509,794,622.00                        11,847,851,891.00
adjustments

Add: Net profit attributable to owners of the
                                                                         12,762,024,968.00                         5,035,627,952.00
Company as the parent

Less: Appropriation for statutory surplus reserve                                      0.00                         -373,919,158.00

       Withdrawal of discretional surplus reserves                                     0.00                                      0.00

       Withdrawal of general reserve                                                   0.00                                      0.00

       Dividends to ordinary shares                                       3,477,021,263.00                           695,967,975.00

       Dividend of common stock transferred into
                                                                                       0.00                                      0.00
share capital

Interest on holders of other equity instruments                            -264,607,123.00                          -485,925,480.00

Transfer of other comprehensive income to                                   -37,452,500.00                          -171,164,417.00
retained earnings



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Effect of accounting for disposal of subsidiaries to                                  0.00                               -3,454,053.00
equity method

Others                                                                                0.00                               -7,508,922.00

Retained earnings                                                         24,567,643,704.00                      15,509,794,622.00

List of adjustment of beginning retained profits:
(1) RMB0.00 beginning retained profits was affected by retrospective adjustment conducted according to the Accounting Standards
for Business Enterprises and relevant new regulations.
(2) RMB0.00 beginning retained profits was affected by changes in accounting policies.
(3) RMB0.00 beginning retained profits was affected by correction of significant accounting errors.
(4) RMB0.00 beginning retained profits was affected by changes in combination scope arising from same control.
(5) RMB0.00 beginning retained profits was affected totally by other adjustments.


47. Operating Revenue and Cost of Sales

                                                                                                                             Unit: RMB

                                             Reporting Period                                 Same period of last year
            Item
                                    Income                        Cost                   Income                     Cost

Principal activities             105,579,941,303.00        72,537,190,576.00          54,933,350,804.00          45,791,259,112.00

Other operating activities          1,705,385,723.00            1,208,698,455.00         1,817,978,261.00         1,362,587,556.00

Total                            107,285,327,026.00        73,745,889,031.00          56,751,329,065.00          47,153,846,668.00

Relevant information of revenue
                                                                                                                             Unit: RMB

        Category of contracts                 Segment 1                        Segment 2                          Total

Types of products                                               0.00                            0.00                               0.00

  Of which:

By operating places                                             0.00                            0.00                               0.00

  Of which:

By types of market or customers                                 0.00                            0.00                               0.00

  Of which:

Types of contracts                                              0.00                            0.00                               0.00

  Of which:

By the time of transferring
                                                                0.00                            0.00                               0.00
goods

  Of which:

By contract term                                                0.00                            0.00                               0.00

  Of which:

By marketing channel                                            0.00                            0.00                               0.00


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  Of which:

Total                                                         0.00                           0.00                              0.00

Information related to performance obligations:
The amount of revenue corresponding to performance obligations of contracts signed but not performed or not fully performed yet
was RMB0.00 at the period-end, among which RMB0.00 was expected to be recognized in 0 year, RMB0.00 in 0 year and RMB0.00
in 0 year.


Information related to transaction value assigned to residual performance obligations:
The amount of revenue corresponding to performance obligations of contracts signed but not performed or not fully performed yet
was RMB0.00 at the period-end, among which RMB0.00 was expected to be recognized in 0 year, RMB0.00 in 0 year and RMB0.00
in 0 year.
Other notes:
N/A


48. Taxes and Surtaxes

                                                                                                                          Unit: RMB

                   Item                                  Reporting Period                      Same period of last year

Consumption tax                                                                    0.00                                       0.00

City maintenance and construction tax                                   203,891,270.00                           131,932,109.00

Education Surcharge                                                     146,864,277.00                            94,874,954.00

Resources tax                                                                      0.00                                       0.00

Property tax                                                            292,983,778.00                           192,626,452.00

Land use tax                                                             28,491,208.00                            19,149,316.00

Vehicle and vessel tax                                                             0.00                                       0.00

Stamp duty                                                               85,587,761.00                            56,744,347.00

Others                                                                   36,086,062.00                            17,286,935.00

Total                                                                   793,904,356.00                           512,614,113.00

Other notes:
N/A


49. Selling Expense

                                                                                                                          Unit: RMB

                   Item                                  Reporting Period                      Same period of last year

Warranty provisions                                                   1,415,523,949.00                           606,173,023.00

Staff cost                                                              592,486,021.00                           358,124,169.00

Others                                                                  287,492,372.00                           486,528,292.00


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Total                                       2,295,502,342.00                    1,450,825,484.00

Other notes:
N/A


50. Administrative Expense

                                                                                           Unit: RMB

                    Item         Reporting Period               Same period of last year

Staff cost                                  2,140,478,405.00                    1,159,256,892.00

Repair expense                                795,919,047.00                      612,443,318.00

Depreciation and amortization                 433,446,892.00                      288,718,246.00

Others                                        660,578,994.00                      457,178,194.00

Total                                       4,030,423,338.00                    2,517,596,650.00

Other notes:
N/A


51. Development Costs

                                                                                           Unit: RMB

                    Item         Reporting Period               Same period of last year

Staff cost                                  2,552,552,731.00                    1,417,861,105.00

Material expenses                           1,107,308,334.00                      607,485,518.00

Depreciation and amortization                 968,153,920.00                      708,260,662.00

Others                                        374,503,954.00                      510,825,813.00

Total                                       5,002,518,939.00                    3,244,433,098.00

Other notes:
N/A


52. Finance Costs

                                                                                           Unit: RMB

                    Item         Reporting Period               Same period of last year

Interest expense                            2,438,979,548.00                    1,498,088,250.00

Interest income                              -443,748,698.00                     -421,677,692.00

Net loss on exchange                          -295,822,911.00                      92,435,224.00

Others                                         58,888,292.00                       35,514,076.00

Total                                       1,758,296,231.00                    1,204,359,858.00

Other notes:

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N/A


53. Other Income

                                                                                                                              Unit: RMB

                  Sources                                Reporting Period                          Same period of last year

Government grants related to assets                                   171,893,815.00                                 155,425,862.00

Government grants related to income                                   952,619,529.00                               1,365,472,248.00

Others                                                                      7,265,880.00                               4,619,905.00

Total                                                               1,131,779,224.00                               1,525,518,015.00


54. Investment Income

                                                                                                                              Unit: RMB

                                 Item                                       Reporting Period            Same period of last year

Income from long-term equity investments accounted for using
                                                                                           620,013.00                -27,648,162.00
equity method

Investment income from disposal of long-term equity investments                       -1,490,516.00                              0.00

Investment income arising from holding of trading financial
                                                                                                 0.00                            0.00
assets

Investment income from disposal of financial assets held for
                                                                                      8,343,154.00                    14,126,141.00
trading

Dividend income received from holding of other equity
                                                                                     16,450,665.00                    10,349,867.00
instrument investment

Gain from remeasurement of remaining equity interests to fair
                                                                                                 0.00                            0.00
value upon the loss of control

Interest income of investment in debt obligations during holding
                                                                                      2,013,425.00                    10,281,395.00
period

Interest income of investment in other debt obligations during
                                                                                                 0.00                            0.00
holding period

Investment income from disposal of investment in other debt
                                                                                                 0.00                  8,032,226.00
obligations

Gains from debt restructuring                                                                    0.00                            0.00

Total                                                                                25,936,741.00                    15,141,467.00

Other notes:
N/A




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55. Gains from Changes in Fair Value

                                                                                                         Unit: RMB

                           Sources                         Reporting Period           Same period of last year

Financial assets held for trading                                     37,887,125.00                 19,723,299.00

       Of which: Gains from changes in fair value of
                                                                              0.00                               0.00
derivative financial instruments

Trading financial liabilities                                                 0.00                               0.00

Investment property measured by fair value                                    0.00                               0.00

Total                                                                 37,887,125.00                 19,723,299.00

Other notes:
N/A


56. Credit Impairment Loss

                                                                                                         Unit: RMB

                                Item                       Reporting Period           Same period of last year

Bad debt loss of other receivables                                       -45,495.00                      -4,584.00

Impairment loss of investment in debt obligations                             0.00                               0.00

Impairment loss of investment in other debt obligations                       0.00                               0.00

Bad debt loss of long-term receivables                                        0.00                               0.00

Bad debt loss of accounts receivables                                -33,823,114.00                    810,497.00

Total                                                                -33,868,609.00                    805,913.00

Other notes:
N/A


57. Asset Impairment Loss

                                                                                                         Unit: RMB

                                Item                       Reporting Period           Same period of last year

I. Bad debt loss                                                              0.00                               0.00

II. Loss on inventory valuation and contract performance
                                                                  -1,706,491,865.00             -1,633,588,287.00
cost

III. Impairment losses on long-term equity investment                         0.00                               0.00

IV. Impairment losses on investment property                                  0.00                               0.00

V. Fixed assets impairment losses                                   -517,917,416.00                 -9,692,923.00

VI. Impairment losses on engineering materials                                0.00                               0.00



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VII. Impairment losses on construction in progress                                         -83,037,514.00                                    0.00

VIII. Impairment losses on productive living assets                                                  0.00                                    0.00

IX. Impairment losses on oil and gas assets                                                          0.00                                    0.00

X. Impairment losses on intangible assets                                                            0.00                                    0.00

XI. Goodwill impairment losses                                                                       0.00                                    0.00

XII. Impairment Losses of Contract Assets                                                            0.00                                    0.00

XIII. Others                                                                                         0.00                                    0.00

Total                                                                                 -2,307,446,795.00                   -1,643,281,210.00

Other notes:
N/A


58. Asset Disposal Income

                                                                                                                                    Unit: RMB

                           Sources                                         Reporting Period                    Same period of last year

Gains from asset disposals                                                                 152,606,846.00                       11,657,251.00


59. Non-operating Income

                                                                                                                                    Unit: RMB

                                                                                                             Amount recorded in the current
               Item                          Reporting Period              Same period of last year
                                                                                                               non-recurring profit or loss

Income from non-monetary
                                                                 0.00                                 0.00                                   0.00
assets exchange

Donations accepted                                               0.00                                 0.00                                   0.00

Government grants                                       1,237,320.00                          1,218,000.00                       1,237,320.00

Others                                                 46,878,482.00                         50,975,491.00                      46,878,482.00

Total                                                  48,115,802.00                         52,193,491.00                      48,115,802.00

Government grants recorded into current profit or loss:
                                                                                                                                    Unit: RMB

                                                                        Whether
                                 Distrib                                subsidies     Special                                     Related to
                  Distribution                                                                    Reporting     Same period
      Item                           ution           Nature          influence the subsidy                                      assets/related
                      entity                                                                        Period       of last year
                                 reason                                  current       or not                                     to income
                                                                     profit or loss

Policy         Municipal                     Due to engage in
                                 Subsid                                                                                         related to
incentives     People’s                     special industry that   No               No         1,237,320.00 1,218,000.00
                                 y                                                                                              income
and others     Government,                   the state encouraged



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               National                   and supported, gained
               Development and            subsidy (obtaining in
               Reform                     line with the law and
               Commission,                the regulations of
               Bureau of                  national policy)
               Finance, etc.

Other notes:
N/A


60. Non-operating Expense

                                                                                                                               Unit: RMB

                                                                                                       Amount recorded in the current
               Item                       Reporting Period               Same period of last year
                                                                                                         non-recurring profit or loss

Non-monetary asset exchange
                                                                0.00                            0.00                               0.00
losses

Donations provided                                    1,605,298.00                    11,196,143.00                       1,605,298.00

Others                                              19,942,843.00                     21,563,402.00                     19,942,843.00

Total                                               21,548,141.00                     32,759,545.00                     21,548,141.00

Other notes:
N/A


61. Income Tax Expense

(1) List of Income Tax Expense

                                                                                                                               Unit: RMB

                      Item                                   Reporting Period                       Same period of last year

Current income tax expense                                               1,984,034,420.00                              476,420,992.00

Deferred income tax expense                                               276,390,618.00                                19,386,032.00

Total                                                                    2,260,425,038.00                              495,807,024.00


(2) Adjustment Process of Accounting Profit and Income Tax Expense

                                                                                                                               Unit: RMB

                               Item                                                         Reporting Period

Profit before taxation                                                                                              18,692,254,982.00

Current income tax expense accounted at statutory/applicable tax
                                                                                                                     2,803,838,247.00
rate

Influence of applying different tax rates by subsidiaries                                                              107,451,063.00


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Influence of income tax before adjustment                                                                             0.00

Influence of non-taxable income                                                                            -3,948,241.00

Effect of non-deductible costs, expense and losses                                                          1,817,214.00

Influence of deductible loss of unrecognized deferred income tax
                                                                                                       -1,486,243,221.00
assets in prior period

Influence of deductible temporary difference or deductible loss
of unrecognized deferred income tax assets in the Reporting                                               579,811,751.00
Period

Others                                                                                                    257,698,225.00

Income tax expenses                                                                                     2,260,425,038.00

Other notes:
N/A


62. Other Comprehensive Income

Refer to Notes 44 for details.


63. Cash Flow Statement

(1) Cash Generated from Other Operating Activities

                                                                                                                   Unit: RMB

                    Item                                 Reporting Period               Same period of last year

Government grants related to income                                  3,304,516,231.00                   2,051,309,903.00

Restricted deposits and others                                        353,503,906.00                    1,102,982,569.00

Total                                                                3,658,020,137.00                   3,154,292,472.00

Notes: None
N/A


(2) Cash Used in Other Operating Activities

                                                                                                                   Unit: RMB

                    Item                                 Reporting Period               Same period of last year

Daily expenditure paid                                              2,071,733,547.00                    1,730,224,599.00

Daily operation margins, deposits, and
                                                                                                          511,195,301.00
others paid                                                           289,513,172.00

Total                                                               2,361,246,719.00                    2,241,419,900.00

Notes:
N/A


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(3) Cash Generated from Other Investing Activities

                                                                                                         Unit: RMB

                    Item                       Reporting Period               Same period of last year

Interest income from investment activities                  206,651,265.00                      101,645,769.00

Investment-based margins and others
                                                            374,042,465.00                       58,229,978.00
received

Total                                                       580,693,730.00                      159,875,747.00

Notes:
N/A


(4) Cash Used in Other Investing Activities

                                                                                                         Unit: RMB

                    Item                       Reporting Period               Same period of last year

Increase in restricted deposits in financial
                                                            286,150,106.00                       23,276,426.00
institutions

Investment-based margins and others
                                                             41,492,057.00                       27,307,468.00
returned

Total                                                       327,642,163.00                       50,583,894.00

Notes:
N/A


(5) Cash Generated from Other Financing Activities

                                                                                                         Unit: RMB

                    Item                       Reporting Period               Same period of last year

Recovery of restricted deposits in financial
                                                           1,007,134,885.00                   1,400,844,492.00
institutions

Individual income tax and others withheld
                                                             43,781,204.00                       35,430,043.00
by A-B Shares

Total                                                      1,050,916,089.00                   1,436,274,535.00

Notes:
N/A


(6) Cash Used in Other Financing Activities

                                                                                                         Unit: RMB

                    Item                       Reporting Period               Same period of last year



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Repurchase of equities of non-controlling
                                                                           6,489,085,322.00                                          0.00
shareholders

Leasing-related principals and interests and
                                                                              935,347,581.00                              207,794,479.00
others

Total                                                                      7,424,432,903.00                               207,794,479.00

Notes:
N/A


64. Supplemental Information for Cash Flow Statement

(1) Supplemental Information for Cash Flow Statement

                                                                                                                                Unit: RMB

                         Supplemental information                                   Reporting Period            Same period of last year

1. Reconciliation of net profit to net cash flows generated from
                                                                                           --                              --
operating activities:

      Net profit                                                                         16,431,829,944.00                120,844,851.00

      Add: Provision for impairment of assets                                             2,341,315,404.00              1,644,087,123.00

            Depreciation of fixed assets, oil-gas assets, and productive
                                                                                         16,104,794,927.00              9,733,828,170.00
living assets

            Depreciation of right-to-use assets                                                164,503,238.00                        0.00

            Amortization of intangible assets                                                  528,499,995.00             151,109,865.00

            Amortization of long-term deferred expenses                                         66,159,277.00              66,705,586.00

            Losses on disposal of fixed assets, intangible assets and other
                                                                                           -152,137,294.00                 -3,754,816.00
long-lived assets (gains: negative)

            Losses on scrap of fixed assets (gains: negative)                                    3,074,286.00              11,267,094.00

            Losses from variation of fair value (gains: negative)                              -37,887,125.00             -19,723,299.00

            Finance costs (gains: negative)                                               1,886,733,641.00              1,356,619,662.00

            Investment loss (gains: negative)                                                  -25,936,741.00             -15,141,467.00

            Decrease in deferred income tax assets (gains: negative)                           134,940,635.00              57,549,826.00

            Increase in deferred income tax liabilities (“-” means
                                                                                               139,078,578.00             -36,740,949.00
decrease)

            Decrease in inventory (gains: negative)                                      -6,965,171,404.00             -5,185,028,859.00

            Decrease in accounts receivable generated from operating
                                                                                        -13,418,180,813.00               -931,804,185.00
activities (gains: negative)

            Increase in accounts payable used in operating activities                    13,699,858,412.00              2,623,637,968.00
(decrease: negative)

            Others                                                                        1,843,713,379.00                143,218,964.00


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            Net cash inflow from operating activities                               32,745,188,339.00         9,716,675,534.00

2. Significant investing and financing activities without involvement of
                                                                                      --                        --
cash receipts and payments:

      Transfer of debt to capital                                                                0.00                       0.00

      Convertible corporate bonds due within one year                                            0.00                       0.00

      Fixed assets leased in through financing                                                   0.00                       0.00

3. Net increase/decrease of cash and cash equivalent:                                 --                        --

      Ending balance of cash                                                        66,341,627,103.00        51,606,740,026.00

      Less: Beginning balance of cash                                               68,064,736,371.00        50,270,321,573.00

      Add: Ending balance of cash equivalents                                                    0.00                       0.00

      Less: Beginning balance of cash equivalents                                                0.00                       0.00

      Net increase in cash and cash equivalents                                     -1,723,109,268.00         1,336,418,453.00


   (2) Cash and Cash Equivalent

                                                                                                                       Unit: RMB

                       Item                                Ending balance                         Beginning balance

I. Cash                                                              66,341,627,103.00                       68,064,736,371.00

Including: Cash on hand                                                    1,084,972.00                               401,041.00

          Bank deposits available on demand                          66,337,793,599.00                       68,063,719,329.00

          Other monetary funds available on                                2,748,532.00
                                                                                                                      616,001.00
demand

          Accounts deposited in the central
                                                                                   0.00                                     0.00
bank available for payment

          Deposits in other banks                                                  0.00                                     0.00

          Accounts of interbank                                                    0.00                                     0.00

II. Cash equivalents                                                               0.00                                     0.00

Of which: Bond investment expired within
                                                                                   0.00                                     0.00
three months

III. Ending balance of cash and cash                                 66,341,627,103.00
                                                                                                             68,064,736,371.00
equivalents

Of which: Cash and cash equivalents with                                   2,748,532.00
restriction in use for the Company as the                                                                             616,001.00
parent or subsidiaries of the Group

Other notes:
N/A




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65. Notes to Items in Statements of Changes in Owners’ Equity

Notes to names under the item of “Other” in the adjusted ending balance for the same period of last year and the corresponding
amount:
N/A


66. Assets with Restricted Ownership or Right to Use

                                                                                                                              Unit: RMB

                      Item                                Ending carrying value                      Reason for restriction

Cash at bank                                                           4,898,511,123.00 Pledged as collateral and margin deposit

Bills receivable                                                             29,880,198.00 Endorsed with resource

Inventories                                                                              0.00 N/A

Fixed assets                                                         159,026,382,261.00 Mortgaged as collateral

Intangible assets                                                      1,636,495,867.00 Mortgaged as collateral

Construction in progress                                              11,680,731,138.00 Mortgaged as collateral

Investment properties                                                        64,759,263.00 Mortgaged as collateral

Total                                                                177,336,759,850.00                        --

Other notes:
N/A


67. Foreign Currency Monetary Items

(1) Foreign Currency Monetary Items

                                                                                                                              Unit: RMB

                                      Ending foreign currency                                          Ending balance converted to
               Item                                                           Exchange rate
                                              balance                                                                RMB

Cash at bank                                     --                                 --

Including: USD                                  3,522,450,951.00 6.4601                                              22,755,385,391.00

        EUR                                       128,903,429.00 7.6862                                                 990,777,538.00

        HKD                                           15,470,839.00 0.8321                                               12,873,285.00

Accounts receivable                              --                                 --

Including: USD                                  3,494,725,108.00 6.4601                                              22,576,273,670.00

        EUR                                           98,940,345.00 7.6862                                              760,475,280.00

        HKD                                                    0.00 0.8321                                                         0.00

Long-term loans                                  --                                 --

Including: USD                                  5,068,171,853.00 6.4601                                              32,740,896,988.00


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         EUR                                         182,138,465.00 7.6862                                           1,399,952,670.00

         HKD                                                    0.00 0.8321                                                         0.00

Other notes:
N/A


(2) Notes to Overseas Entities Including: for Significant Oversea Entities, Main Operating Place, Recording
Currency and Selection Basis Shall Be Disclosed; if there Are Changes in Recording Currency, Relevant
Reasons Shall Be Disclosed.

□ Applicable √ Not applicable


VIII. Changes of Consolidation Scope

1. Business Combinations Involving Entities Not Under Common Control

(1) Business Combinations Involving Entities Not Under Common Control Occurred During the Reporting
Period

                                                                                                                             Unit: RMB

                                                                                                             The             The
                                                                                             Basis for    acquiree's     acquiree's net
                   Date of         Cost of      Proportion of   Method of                   determining revenue from profit from
Name of the                                                                   Acquisition
                   equity           equity        equities        equity                        the           the             the
  acquiree                                                                       date
                acquisition       acquisition     acquired      acquisition                 acquisition   acquisition     acquisition
                                                                                               date       date to the     date to the
                                                                                                          period-end      period-end

N/A

Other notes: N/A


(2) Acquisition Cost and Goodwill

                                                                                                                             Unit: RMB

                            Acquisition cost

--Cash                                                                                                                              0.00

--Fair value of non-cash assets                                                                                                     0.00

--Fair value of issued or assumed debts                                                                                             0.00

--Fair value of issued equity securities                                                                                            0.00

--Fair value of the contingent consideration                                                                                        0.00

--Fair value of equity interests held before the acquisition date on                                                                0.00
the acquisition date



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Others                                                                                                                              0.00

Total acquisition cost                                                                                                              0.00

Less: Share of the fair value of the identifiable net assets                                                                        0.00
acquired

Amount of goodwill/acquisition cost less than share of the fair                                                                     0.00
value of the identifiable net assets acquired

Notes to the method for determining the fair value of the acquisition cost and contingent consideration and its changes: None
Main reasons for the formation of large-amount goodwill: None
Other notes: N/A


(3) Identifiable Assets and Liabilities of the Acquiree on the Acquisition Date

                                                                                                                              Unit: RMB



                                                    Fair value on the acquisition date          Carrying value on the acquisition date

Assets:                                                                                  0.00                                       0.00

Cash at bank                                                                             0.00                                       0.00

Receivables                                                                              0.00                                       0.00

Inventories                                                                              0.00                                       0.00

Fixed assets                                                                             0.00                                       0.00

Intangible assets                                                                        0.00                                       0.00

                                                                                         0.00                                       0.00

Liabilities:                                                                             0.00                                       0.00

Loans                                                                                    0.00                                       0.00

Payables                                                                                 0.00                                       0.00

Deferred tax liabilities                                                                 0.00                                       0.00

                                                                                         0.00                                       0.00

Net assets                                                                               0.00                                       0.00

Less: Non-controlling interests                                                          0.00                                       0.00

Net assets acquired                                                                      0.00                                       0.00

Method for determining the fair value of identifiable assets and assets: None
Contingent liabilities of the acquiree assumed in the business combination: None
Other notes: N/A


(4) Gain or Loss from Remeasurement of Equity Interests Held before the Acquisition Date at Fair Value

Whether there were several transactions to realize business combinations and acquire controls during the Reporting Period



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□ Yes √ No


(5) Notes to Failure to Reasonably Determine the Combination Consideration or the Fair Value of
Identifiable Assets and Liabilities of the Acquiree on the Acquisition Date or at the End of the Current
Period

N/A


(6) Other Notes

N/A


2. Business Combinations Involving Entities Under Common Control

(1) Business Combinations Involving Entities Under Common Control Occurred During the Reporting
Period

                                                                                                                             Unit: RMB

                                                                                 The            The
                                                                              combined       combined
                                                                                party's     party's net
                                 Basis for the
                                                                             revenue from   profit from       The            The
               Proportion of       judgment
                                                                Basis for    the beginning the beginning   combined       combined
                    equity         about the
Name of the                                                    determining of the current of the current     party's      party's net
                   interests       business      Combination
  combined                                                         the        period, in     period, in     revenue      profit during
                acquired in      combination        date
      party                                                    combination    which the      which the     during the        the
               the business          under
                                                                  date       combination combination       comparison     comparison
               combination         common
                                                                             occurred, to   occurred, to     period         period
                                    control
                                                                                  the           the
                                                                             combination combination
                                                                                 date          date

N/A

Other notes: N/A


(2) Acquisition Cost

                                                                                                                             Unit: RMB

                             Acquisition cost

--Cash                                                                                                                             0.00

--Carrying value of non-cash assets                                                                                                0.00

--Carrying value of issued or assumed debts                                                                                        0.00

--Carrying value of issued equity securities                                                                                       0.00


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--Contingent consideration                                                                                                          0.00

Notes to contingent consideration and its changes: None
Other notes: None


(3) The Carrying Value of Assets and Liabilities of the Combined Party on the Combination Date

                                                                                                                              Unit: RMB



                                                           Combination date                         End of the previous period

Assets:                                                                               0.00                                          0.00

Cash at bank                                                                          0.00                                          0.00

Receivables                                                                           0.00                                          0.00

Inventories                                                                           0.00                                          0.00

Fixed assets                                                                          0.00                                          0.00

Intangible assets                                                                     0.00                                          0.00

                                                                                      0.00                                          0.00

Liabilities:                                                                          0.00                                          0.00

Loans                                                                                 0.00                                          0.00

Payables                                                                              0.00                                          0.00

                                                                                      0.00                                          0.00

Net assets                                                                            0.00                                          0.00

Less: Non-controlling interests                                                       0.00                                          0.00

Net assets acquired                                                                   0.00                                          0.00

Contingent liabilities of the combined party assumed in business combinations: None
Other notes: N/A


3. Counter Purchase

Basic information of the transactions, basis of the counter purchase, basis and whether assets and liabilities retained by the listed
company constitute business, determination of the combination cost, the amount and calculation of the equity amount adjusted in
treatment for the equity transaction:
N/A


4. Disposal of Subsidiary

Whether there is a single disposal of the investment to the subsidiary and lost control?
□ Yes √ No
Whether there are several disposals of the investment to the subsidiary and lost controls?
□ Yes √ No

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5. Changes in Combination Scope for Other Reasons

Note to changes in combination scope for other reasons (such as newly establishment or liquidation of subsidiaries, etc.) and relevant
information:
In the year, the Company newly established one subsidiary, BOE Jingxin Technology Co., Ltd., with 100% shareholding.


6. Other

N/A




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IX. Equity in Other Entities

1. Interests in Subsidiaries

(1) Subsidiaries


                                       Principal place Registered                                                                      Shareholding percentage
         Name of the Subsidiary                                                               Business nature                                                        Acquisition method
                                        of business        place                                                                        Direct        Indirect

Beijing BOE Optoelectronics                             Beijing,       Research and development (“R&D”), design and manufacturing
                                       Beijing, China                                                                                     82.49%         17.51% Founded by investment
Technology Co., Ltd.                                    China          of TFT-LCD

Chengdu BOE Optoelectronics                                                                                                                                       Business combinations
                                       Chengdu,         Chengdu,       R&D, design, production and sales of new display devices and
Technology Co., Ltd. (“Chengdu                                                                                                          100.00%           0.00% involving entities not under
                                       China            China          modules and other electronic components.
Optoelectronics”)                                                                                                                                                common control

                                                                       Investment, construction, R&D, production and sales of the                                 Business combinations
Hefei BOE Optoelectronics
                                       Hefei, China     Hefei, China relevant products of thin film transistor LCD and its auxiliary     100.00%           0.00% involving entities not under
Technology Co., Ltd.
                                                                       products.                                                                                  common control

Beijing BOE Display Technology Co.,                     Beijing,
                                       Beijing, China                  Development of TFT-LCD, manufacturing and sale of LCD              97.17%           2.83% Founded by investment
Ltd. (“Beijing BOE Display”)                          China

                                                                       Investment, construction, R&D, production and sales of the                                 Business combinations
Hefei Xinsheng Optoelectronics
                                       Hefei, China     Hefei, China relevant products of thin film transistor LCD and its auxiliary      99.97%           0.03% involving entities not under
Technology Co., Ltd.
                                                                       products.                                                                                  common control

Erdos Yuansheng Optoelectronics Co.,                                   Manufacture and sales of AM-OLED products and auxiliary
                                       Erdos, China     Erdos, China                                                                     100.00%           0.00% Founded by investment
Ltd. (“Yuansheng Optoelectronics”)                                   products.

Chongqing BOE Optoelectronics                                          R&D, production and sales of semi-conducting display devices,                              Business combinations
                                       Chongqing,       Chongqing,
Technology Co., Ltd. (“Chongqing                                      complete machine and related products; import & export of         100.00%           0.00% involving entities not under
                                       China            China
BOE”)                                                                 goods and technology consulting.                                                           common control

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                                                            BOE Technology Group Co., Ltd.                                                                  Interim Report 2021

Fuzhou BOE Optoelectronics                                         Investment, construction, R&D, production and sales of the                         Business combinations
                                                       Fuzhou,
Technology Co., Ltd. (“Fuzhou        Fuzhou, China                relevant products of thin film transistor LCD and its auxiliary   81.25%    0.00% involving entities not under
                                                       China
BOE”)                                                             products.                                                                          common control

                                                                   Manufacture of LCD TV, LCD; technology development of
Beijing BOE Video Technology Co.,                      Beijing,
                                      Beijing, China               terminal products and systems such as TFT-LCD display and         100.00%   0.00% Founded by investment
Ltd. (“BOE Video”)                                   China
                                                                   TV

Beijing BOE Vacuum Electronics Co.,                    Beijing,
                                      Beijing, China               Manufacture and sale of vacuum electronic products                55.00%    0.00% Founded by investment
Ltd.                                                   China

Beijing BOE Vacuum Technology                          Beijing,
                                      Beijing, China               Manufacture and sale of electronic tubes.                         100.00%   0.00% Founded by investment
Co., Ltd.                                              China

Beijing Smart Aero Display
Technology Co., Ltd. (Formerly                         Beijing,    Development of display products and sale of electronic
                                      Beijing, China                                                                                 100.00%   0.00% Founded by investment
Beijing BOE Special Display                            China       products.
Technology Co., Ltd.)

                                                       Beijing,    Management of engineering projects; real estate development;
Beijing Yinghe Century Co., Ltd.      Beijing, China                                                                                 100.00%   0.00% Founded by investment
                                                       China       public parking lot for motor vehicles service; office lease.

BOE Optical Science and Technology
                                                       Suzhou,     R&D, production and sales of LCD, back light for display and
Co., Ltd. (“Optical Science and      Suzhou, China                                                                                  95.17%    0.00% Founded by investment
                                                       China       related components.
Technology”)

BOE Hyundai LCD (Beijing) Display                      Beijing,    Development, manufacture and sale of liquid display for mobile
                                      Beijing, China                                                                                 75.00%    0.00% Founded by investment
Technology Co., Ltd.                                   China       termination.

BOE (Hebei) Mobile Technology Co., Langfang,           Langfang,   Manufacture and sale of mobile flat screen display technical
                                                                                                                                     100.00%   0.00% Founded by investment
Ltd. (“BOE Hebei”)                  China            China       products and related services.

Beijing BOE Multimedia Technology                      Beijing,    Sales of computer software and hardware, digital video-audio
                                      Beijing, China                                                                                 100.00%   0.00% Founded by investment
Co. Ltd. (“BOE Multimedia”)                          China       products

Beijing BOE Energy Technology Co.,                     Beijing,    Design, consultancy and service of solar cell, photovoltaic
                                      Beijing, China                                                                                 100.00%   0.00% Founded by investment
Ltd. (“BOE Energy”)                                  China       system, wind power system and solar thermal system as well as

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                                                                    the assembly units; energy-saving service.

Beijing BOE Life Technology Co.,                     Beijing,       Technology promotion services, property management, sales of
                                    Beijing, China                                                                                    100.00%     0.00% Founded by investment
Ltd. (“BOE Life Technology”)                       China          electronic products

Beijing Zhongxiangying Technology                    Beijing,       Technology promotion services, property management, sales of
                                    Beijing, China                                                                                    100.00%     0.00% Founded by investment
Co., Ltd. (“Zhongxiangying”)                       China          electronic products

Ordos City Haosheng Energy                           Ordos,
                                    Ordos, China                    Energy investment                                                  0.00%    100.00% Founded by investment
Investment Co., Ltd.                                 China

                                                                    Processing, manufacturing and sales of precision electronic
                                                     Beijing,       components, semi-conductor devices, micro modules,
BOE Semi-conductor Co., Ltd.        Beijing, China                                                                                    84.00%      0.00% Founded by investment
                                                     China          microelectronic devices and electronic materials; import &
                                                                    export of goods

                                                     British
BOE Optoelectronics Holding Co.,                                    Design, manufacturing and sales of electronic-information
                                    Hong Kong        Virgin                                                                           100.00%     0.00% Founded by investment
Ltd ("Optoelectronics Holding")                                     industry related products, investment and financing businesses.
                                                     Islands

                                                                                                                                                         Business combinations
BOE Health Investment Management                     Beijing,
                                    Beijing, China                  Investment management and project investment.                     100.00%     0.00% involving entities not under
Co., Ltd. (“Health Investment”)                    China
                                                                                                                                                         common control

                                                                    Colour TV set, display tube, colour RPTV projection tube and                         Business combinations
Beijing Matsushita Color CRT Co.,                    Beijing,
                                    Beijing, China                  materials of electronic components; property management and       88.80%      0.00% involving entities not under
Ltd. (“Matsushita Color CRT”)                      China
                                                                    parking services, etc.                                                               common control

                                                                                                                                                         Business combinations
Hefei BOE Display Technology Co.,                                   Investment, R & D and production of products related to
                                    Hefei, China     Hefei, China                                                                      8.33%      0.00% involving entities not under
Ltd. (“Hefei Technology”)                                         TFT-LCD and the supporting facility
                                                                                                                                                         common control

Beijing BOE Technology
                                                     Beijing,
Development Co., Ltd. (“Technology Beijing, China                  Development, transfer, consulting and service of technology       100.00%     0.00% Founded by investment
                                                     China
Development”)

Hefei BOE Zhuoyin Technology Co., Hefei, China       Hefei, China Investment, construction, R&D, production and sales of              75.00%      0.00% Founded by investment

                                                                                                                                                                                 215
                                                             BOE Technology Group Co., Ltd.                                                                     Interim Report 2021
Ltd. (“Zhuoyin Technology”)                                       products related to OLED display device and auxiliary
                                                                    products.

                                                                    Development, construction, property management and
                                                                    supporting service of industrial plants and supporting facilities;
                                                        Beijing,
Beijing BOE Land Co., Ltd.             Beijing, China               information consulting of real estate; lease of commercial           70.00%    0.00% Founded by investment
                                                        China
                                                                    facilities, commercial attendants and the supporting service
                                                                    facilities; motor vehicles public parking service.

                                                                    Sales of communication equipment, hardware & software of
                                                                    computer and peripheral units, electronic products, equipment
                                                        Beijing,    maintenance; development, transfer, consulting and service
Beijing BOE Marketing Co., Ltd.        Beijing, China                                                                                    100.00%   0.00% Founded by investment
                                                        China       providing of technologies; import & export of goods and
                                                                    technologies, agency of import & export; manufacturing
                                                                    consignment of electronic products and LCD devices.

                                                                    Development, spread, transfer, consulting and service providing
                                                                    of display technology; service providing of computer
Yunnan Chuangshijie Optoelectronic                                  software/hardware and network systems; construction,
                                                        Yunnan,
Technology Co., Ltd. ("Yunnan          Yunnan, China                operation and management of e-commerce platforms; providing          77.81%    0.00% Founded by investment
                                                        China
BOE")                                                               service of conferences; undertaking of exhibitions; computer
                                                                    animation design; production, R&D and sales of OLED micro
                                                                    display devices and AR/VR complete machine; storage services

                                                                    Investment, construction, R&D, production and sales,
                                                                                                                                                          Business combinations
Wuhan BOE Optoelectronics                               Wuhan,      technology development, transfer, consulting, and service of the
                                       Wuhan, China                                                                                      23.08%    0.00% involving entities not under
Technology Co., Ltd. (“Wuhan BOE”)                    China       relevant products of thin film transistor LCD and its auxiliary
                                                                                                                                                          common control
                                                                    products

Mianyang BOE Optoelectronics                                                                                                                              Business combinations
                                       Sichuan,         Sichuan,    Production of display panel for high-end smart phones, folding
Technology Co., Ltd. (“Mianyang                                                                                                         83.46%    0.00% involving entities not under
                                       China            China       laptops etc. and R&D, production and sales of modules.
BOE”)                                                                                                                                                    common control

Chongqing BOE Display Technology Chongqing,             Chongqing, R&D, manufacture and sales of semiconductor display devices,          38.46%    0.00% Business combinations

                                                                                                                                                                                  216
                                                            BOE Technology Group Co., Ltd.                                                                     Interim Report 2021
Co., Ltd. (“Chongqing BOE Display”) China            China       whole widget and relevant products, import and export of goods                        involving entities not under
                                                                   and technical consulting                                                              common control

                                                                   Development, testing, consulting, service and transfer of
                                                                   technologies in X-ray sensors, micro fluidic chips, biochemical
Beijing BOE Sensing Technology Co.,                    Beijing,
                                      Beijing, China               chips, gene chips, security sensors, microwave antenna,             100.00%    0.00% Founded by investment
Ltd.                                                   China
                                                                   biological sensors, internet of things, and modules, systems and
                                                                   equipment of other semiconducting sensors.

                                                                   R&D, production and sales of semiconductor display
                                                                   device-related products and related products; import or export
                                                                   of goods or technology; display device and component, other
                                                                                                                                                         Business combinations
Fuzhou BOE Display Technology Co.,                     Fuzhou,     electronic components, and technology development,
                                      Fuzhou, China                                                                                    43.46%     0.00% involving entities not under
Ltd.                                                   China       technology transfer, technical consulting, related fields related
                                                                                                                                                         common control
                                                                   to display devices and electronic products, technical services;
                                                                   business management consulting; property management; house
                                                                   rental; machinery and equipment rental

                                                                   Supports color electronic paper, segment LCD, TFT-LCD
                                                                   display, covering ESL multi-frequency protocol, Wi-Fi, BLE
                                                                   and NFC; multiple communication methods, integrated                                   Business combinations
                                      Nanterre,        Nanterre,
SES Imagotag SA Co.Ltd.                                            electronic paper supply chain resources and downstream               0.00%    68.48% involving entities not under
                                      France           France
                                                                   software around electronic shelf labels Platform, image                               common control
                                                                   recognition and big data analytics resources to create a
                                                                   complete solution for the retail industry.

                                                                   Investment, R&D, manufacturing and sales of direct display,
                                                                   sensors related to the display, back light source for LCD and
Hefei BOE Xingyu Technology Co.,
                                      Hefei, China     Hefei, China supporting components; enterprise management consulting and        43.40%     0.00% Founded by investment
Ltd.
                                                                   service; house rental; equipment rental; technology
                                                                   development, transfer and consulting services.

                                                       Beijing,    Technology development, software development, sales of
BOE Education Technology Co., Ltd. Beijing, China                                                                                      100.00%    0.00% Founded by investment
                                                       China       stationery supplies, sports supplies and home appliances;
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                                                            BOE Technology Group Co., Ltd.                                                                 Interim Report 2021
                                                                  business management, economic and trade consultancy,
                                                                  education consultancy, public relations services; research and
                                                                  experiment development of natural science, engineering
                                                                  technology, and agricultural science; copyright agency and arts
                                                                  and crafts creation services.

                                                                  Technology development; sales of primary edible agricultural
                                                                  products; translation services, conference services; business
                                                                  management, real estate information consulting; ticketing
Oriental Chengqi (Beijing) Business                    Beijing,   agents, tourism consulting, warehousing services, public
                                      Beijing, China                                                                                100.00%   0.00% Founded by investment
Technology Co., Ltd.                                   China      relations services, car rental; import and export of goods,
                                                                  technology import and export; beauty services, medical
                                                                  services; inbound tourism business; Internet information
                                                                  services.

                                                       Beijing,
BOE Innovation Investment Co., Ltd. Beijing, China                Project investment and investment management.                     100.00%   0.00% Founded by investment
                                                       China

                                                                  Information system integration services; technology
                                                                  development, technology transfer; software development;
                                                                  Internet data services; real estate brokerage business; motor
                                                       Beijing,
BOE Smart Technology Co., Ltd.        Beijing, China              vehicle public parking services; conference services; project     100.00%   0.00% Founded by investment
                                                       China
                                                                  management; property management; lease of office space and
                                                                  commercial space; labour subcontracting; import and export of
                                                                  goods, technology import and export; human resource services.

                                                                  R&D, manufacturing and sales of TFT-LCD panels, color filters
                                                                  and whole liquid crystal modules; provision of products and
Nanjing BOE Display Technology                                    business-related services, as well as other business activities                    Business combinations
                                      Nanjing,         Beijing,
Co., Ltd. (Formerly Nanjing CEC                                   associated with the foregoing; proprietary and agency import      80.83%    0.00% involving entities not under
                                      China            China
Panda FPD Technology Co., Ltd.)                                   and export of various goods and technologies (excluding goods                      common control
                                                                  and technologies restricted by state or import & export
                                                                  prohibited). (For items that require approval by law, the

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                                                              BOE Technology Group Co., Ltd.                                                                              Interim Report 2021
                                                                      approval from related authorities must be obtained before
                                                                      engagement in the business activities)

                                                                      R&D, production and sales of TFT-LCD panels and modules,
                                                                      liquid crystal display monitors, televisions, instruments,
                                                                      machinery equipment and accessories as well as provision of                                   Business combinations
Chengdu CEC Panda Display               Sichuan,         Sichuan,
                                                                      technical services; foreign trade in form of import and export of     35.03%           0.00% involving entities not under
Technology Co., Ltd.                    China            China
                                                                      goods and technology. (For items that require approval by law,                                common control
                                                                      the approval from related authorities must be obtained before
                                                                      engagement in the business activities)

                                                                      Technology development, technology consultancy, technology
                                                                      transfer, and technology services; basic software services;
                                                                      application software services; computer system services;
                                                                      Internet data services (excluding data centers in Internet data
                                                                      services and cloud computing data center with PUE over 1.4);
                                                         Beijing,
BOE Jingxin Technology Co., Ltd.        Beijing, China                information processing and storage support services; general         100.00%        100.00% Founded by investment
                                                         China
                                                                      contracting, professional contracting, and labor subcontracting;
                                                                      equipment installation, maintenance, and leasing; literary and
                                                                      artistic creation; computer animation design; product design;
                                                                      enterprise management consulting; sales of computers, software
                                                                      and auxiliary equipment, as well as electronic products.

Explanations that the shareholding percentage is different from the voting right percentage in subsidiaries:
The Company and the shareholder of Hefei Display, Hefei Core Screen Industrial Investment Fund (Limited Partnership) signed a concerted action agreement on 30 November 2016, Hefei Core
Screen Industrial Investment Fund (Limited Partnership) agreed to act as a concerted action according to the wishes of the Company, and exercised the voting rights unconditionally and
irrevocably in accordance with the opinions of the Company. Therefore, the Company’s voting right ratio to Hefei is 71.67%.
The Company signed an agreement of acting in concert with the shareholder of Wuhan BOE, Wuhan Airport Economic Development Zone Industrial Development Investment Group Co., Ltd.
on 25 December 2018. Wuhan Airport Economic Development Zone Industrial Development Investment Group Co., Ltd. agreed to follow the Company’s will to act as a person acting in
concert, unconditionally and irrevocably exercising voting rights in accordance with the opinions of the Company, the voting rights of the Company to Wuhan BOE is 69.23%.
The Company and shareholders of Chongqing BOE Display, Chongqing Strategic Emerging Industry Equity Investment Fund Partnership (Limited Partnership) and Chongqing Yuzi
Optoelectronics Industry Investment Co., Ltd. signed a concerted action agreement on December 25, 2018. Chongqing Strategic Emerging Industry Equity Investment Fund Partnership

                                                                                                                                                                                            219
                                                               BOE Technology Group Co., Ltd.                                                                             Interim Report 2021
(Limited Partnership) and Chongqing Yuzi Optoelectronics Industry Investment Co., Ltd. agreed to act as a concerted action according to the will of the Company, and exercise the voting rights
unconditionally and irrevocably in accordance with the opinions of the Company. Therefore, the proportion of voting rights displayed by the Company on Chongqing BOE is 100%.
The Company and Shareholder of Fuzhou BOE Display, Fuqing City Invested-Construction Investment Group Co., Ltd and Fuzhou Urban Construction Investment Group Co., Ltd signed a
concerted action agreement on 21 January 2019. Fuqing City Invested-Construction Investment Group Co., Ltd and Fuzhou Urban Construction Investment Group Co., Ltd agreed to act as a
concerted action according to the will of the Company, and exercise the voting rights unconditionally and irrevocably in accordance with the opinions of the Company. Therefore, the proportion
of voting rights displayed by the Company on Fuzhou BOE Display is 100%.
The Company signed an agreement of acting in concert with shareholders of Chengdu CEC Panda, Chengdu Advanced Manufacturing Industry Investment Co., Ltd., Chengdu Airport
Xingcheng Investment Group Co., Ltd., and Chengdu Airport Xingcheng Construction Management Co., Ltd. on 17 December 2020, and then signed an agreement of acting in concert with
Nanjing CEC Panda Information Industry Group Co., Ltd. and China Electronics Corporation on 31 December 2020. The above-mentioned five companies agreed to act as persons acting in
concert according to the will of the Company, and exercise the voting rights unconditionally and irrevocably in accordance with the opinions of the Company. Therefore, the proportion of
voting rights of the Company to Chengdu CEC Panda is 96.75%.


Basis for the control over the investees with half or less voting right and for not controlling the investees with over half voting right:
N/A
Basis for the control over the significant structured entities included in the scope of combination:
N/A
Basis for the determining the Company as the agent or the trustor:
N/A
Other notes:
N/A




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BOE Technology Group Co., Ltd.                                                                                       Interim Report 2021




(2) Significant Not Wholly-owned Subsidiary

                                                                                                                               Unit: RMB

                                                                                            Declaring
                                            Shareholding          The profit or loss
                                                                                            dividends
                                            proportion of           attributable to                                Ending balance of
       Name of the Subsidiary                                                             distributed to
                                           non-controlling         non-controlling                              non-controlling interests
                                                                                         non-controlling
                                               interests               interests
                                                                                             interests

Mianyang BOE Optoelectronics
                                                       16.54%         -146,220,860.00                    0.00          3,951,643,130.00
Technology Co., Ltd.

Wuhan BOE Optoelectronics
                                                       76.92%        1,161,206,480.00                    0.00         21,027,074,603.00
Technology Co., Ltd.

Notes that the shareholding percentage is different from the voting right percentage of non-controlling shareholders in subsidiaries:
N/A
Other notes:
N/A




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                                                                      BOE Technology Group Co., Ltd.                                                                                                 Interim Report 2021




(3) The Main Financial Information of Significant Not Wholly-owned Subsidiary

                                                                                                                                                                                                               Unit: RMB

Name of                                           Ending balance                                                                                       Beginning balance
   the                   Non-cur
            Current                                      Current           Non-current             Total          Current      Non-current                            Current         Non-current
Subsidia                   rent        Total assets                                                                                              Total assets                                           Total liabilities
              assets                                    liabilities         liabilities          liabilities      assets         assets                              liabilities       liabilities
   ry                     assets

Mianyan
g BOE
Optoelec                 44,483,3
           9,366,248,2                 53,849,628, 9,693,340,993 20,264,853,744. 29,958,194,73 5,001,552,7 45,771,813,31 50,773,366,081. 8,221,423,949 19,783,319,39 28,004,743,347.
tronics                  80,192.0
                 22.00                      414.00                 .00                    00               7.00        67.00              4.00                  00              .00             8.00                   00
Technolo                           0
gy Co.,
Ltd.

Wuhan
BOE
Optoelec                 36,106,0
           13,426,914,                 49,532,965, 6,010,243,597 16,186,431,404. 22,196,675,00 11,748,881, 34,698,575,56 46,447,456,786. 5,369,267,140 15,257,510,86 20,626,778,008.
tronics                  50,523.0
                914.00                      437.00                 .00                    00               1.00       218.00              8.00                  00              .00             8.00                   00
Technolo                           0
gy Co.,
Ltd.

                                                                                                                                                                                                               Unit: RMB

                                                        Reporting Period                                                                                Same period of last year
Name of the                                                                                                                                                                                           Cash flows from
                                                               Total comprehensive              Cash flows from                                                          Total comprehensive
 Subsidiary Operating income               Net profit                                                                   Operating income             Net profit                                           operating
                                                                         income                operating activities                                                                income
                                                                                                                                                                                                          activities

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                                                      BOE Technology Group Co., Ltd.                                                         Interim Report 2021

Mianyang
BOE
Optoelectroni
                7,139,702,888.00   -884,043,896.00    -884,043,896.00       983,913,609.00   17,328,050.00   -187,115,154.00   -187,115,154.00     4,285,855.00
cs
Technology
Co., Ltd.

Wuhan BOE
Optoelectroni
                6,959,030,521.00   1,509,628,810.00   1,509,628,810.00    1,578,297,899.00   53,521,966.00   -213,855,820.00   -213,855,820.00   318,356,092.00
Technology
cs Co., Ltd.

Other notes:
N/A


(4) Significant Limitation on the Use of Assets and Liquidation of Debts of the Company

N/A


(5) Financial Support or Other Support Provided for Structured Entities Included in the Scope of Consolidated Financial Statements

N/A
Other notes:
N/A




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BOE Technology Group Co., Ltd.                                                                                  Interim Report 2021




2. Transactions That Cause Changes in the Group’s Interests in Subsidiaries That Do Not Result in Loss of
Control

(1) Explanations on Changes in Owner’s Equity of Subsidiary

The Company paid the consideration of RMB6,339,085,322.00 in March 2021 to purchase non-controlling equity interests of
RMB5,700,000,000.00 of Mianyang BOE; non-controlling interests increased the investment in Mianyang BOE by
RMB1,000,000,000.00. The Company held 66.67% of shares in Mianyang BOE before the capital increase and 83.46% of shares
after the capital increase.
The Company increased its investment in Yunnan Chuangshijie by RMB109,820,000.00 in March and April 2021; non-controlling
interests increased the investment in Yunnan Chuangshijie by RMB75,850,000.00. The Company held 79.96% of shares in Yunnan
Chuangshijie before the capital increase and 77.81% of shares after the capital increase.
The company sold 8.28% of the shares of SES Imagotag SA Co. Ltd. in April 2021 and received of EUR 57,200,000.00.


The Company held 68.48% of shares in Yunnan Chuangshijie before the capital decrease and 60.20% of shares after the capital
decrease.




(2) The Effects of the Transaction on Non-controlling Interests and Equity Attributable to Owners of the
Company as the Parent

                                                                                                                          Unit: RMB

                                                                                                                          SES Imagotag SA
                                                                          Mianyang BOE             Yunnan Chuangshijie
                                                                                                                              Co.Ltd.

Purchase cost/disposal consideration                                          6,339,085,322.00           109,820,000.00      -434,868,720.00

--Cash                                                                        6,339,085,322.00           109,820,000.00      -434,868,720.00

--Fair value of non-cash assets                                                             0.00                   0.00                 0.00

Total of purchase cost /disposal consideration                                6,339,085,322.00           109,820,000.00      -434,868,720.00

Less: Subsidiary net assets proportion calculated by share                                                                   -146,828,923.00
                                                                              5,389,366,941.00           112,510,239.00
proportion obtained/disposal

Difference                                                                      949,718,381.00            -2,690,239.00      -288,039,797.00

Of which: Adjustment of capital reserves                                       -949,718,381.00             2,690,239.00       288,039,797.00

         Surplus reserves adjustments                                                       0.00                   0.00                 0.00

         Retained profits adjustments                                                       0.00                   0.00                 0.00

Other notes:
N/A




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BOE Technology Group Co., Ltd.                                                                                      Interim Report 2021




3. Equity in Joint Ventures or Associated Enterprises

(1) Significant Joint Ventures or Associated Enterprises


                                                                           Shareholding percentage            Accounting treatment
                     Principal                                                                                      method for the
                                     Registered
        Name          place of                    Business nature                                               investment in joint
                                       place                              Direct               Indirect
                      business                                                                                ventures or associated
                                                                                                                     enterprises

N/A

Explanations that the shareholding percentage is different from the voting right percentage in joint ventures or associated enterprises:
N/A
Basis of the voting rights below 20% but with major influence, or without major influence but with over 20% (included) voting rights
held:
N/A


(2) The Main Financial Information of Significant Joint Ventures

                                                                                                                              Unit: RMB

                                                                                            Beginning balance/The same period of last
                                                  Ending balance/Reporting Period
                                                                                                              year

N/A
Other notes: N/A


(3) The Main Financial Information of Significant Associated Enterprises

                                                                                                                              Unit: RMB

                                                                                            Beginning balance/The same period of last
                                                  Ending balance/Reporting Period
                                                                                                              year

N/A

Other notes: N/A


(4) Summary Financial Information of Insignificant Joint Ventures or Associated Enterprises

                                                                                                                              Unit: RMB

                                                                                            Beginning balance/The same period of last
                                                   Ending balance/Reporting Period
                                                                                                              year

Joint venture:                                                      --                                         --

Total carrying value of investment                                                   0.00                                            0.00

The total of following items according to the                       --                                         --


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BOE Technology Group Co., Ltd.                                                                                         Interim Report 2021


shareholding proportions

--Net profit                                                                           0.00                                         0.00

--Other comprehensive income                                                           0.00                                         0.00

--Total comprehensive income                                                           0.00                                         0.00

Associated enterprise:                                                --                                          --

Total carrying value of investment                                         3,455,420,187.00                             3,693,170,224.00

The total of following items according to the
                                                                      --                                          --
shareholding proportions

--Net profit                                                                    620,013.00                                -27,648,162.00

--Other comprehensive income                                                 -64,314,237.00                               198,406,448.00

--Total comprehensive income                                                 -63,694,224.00                               170,758,286.00

Other notes:
N/A


(5) Note to the Significant Restrictions on the Ability of Joint Ventures or Associated Enterprises to
Transfer Funds to the Company

N/A


(6) The Excess Loss of Joint Ventures or Associated Enterprises

                                                                                                                                Unit: RMB

                                       The cumulative recognized
                                                                      The derecognized losses (or the
                                            losses in previous                                            The accumulative unrecognized
               Name                                                   share of net profit) in Reporting
                                             accumulatively                                                 losses in Reporting Period
                                                                                   Period
                                                derecognized

Hefei Xin Jing Yuan Electronic
                                                     -18,207,308.00                     -2,398,832.00                     -20,606,140.00
Materials Co., Ltd.

Other notes:
As at 30 June 2021, Hefei Xinjingyuan Electronic Materials Co., Ltd. has continuously incurred losses. Since the Company has no
obligation to undertake extra losses for it, the recognition of the share of its net losses born by the Company shall be limited to that
the carrying value of long-term equity investments is reduced to zero. As at 30 June 2021, the accumulative unrecognized investment
losses are RMB20,606,140.00.


(7) The Unrecognized Commitment Related to Investment to Joint Ventures

N/A


(8) Contingent Liabilities Related to Investment to Joint Ventures or Associated Enterprises

N/A

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4. Significant Common Operation


                         Principal place of                                                          Proportion /share portion
       Name                                     Registered place        Business nature
                             business                                                               Direct                Indirect

N/A

Notes to holding proportion or share portion in common operation different from voting proportion:
N/A
For common operation as a single entity, basis of classifying as common operation:
N/A
Other notes:
N/A


5. Equity in the Structured Entity Excluded in the Scope of Consolidated Financial Statements

Notes to the structured entity excluded in the scope of consolidated financial statements:
N/A


6. Other

N/A


X. The Risk Related to Financial Instruments

(1) Credit Risk
Credit risk refers to the risk of financial losses to one party of a financial instrument due to the failure of obligation performance by
the other party. The credit risk of the Group is mainly from accounts receivable. And the management will continue to monitor the
exposure of these credit risks.
The cash at bank of the Group is mainly held with well-known financial institutions. Management does not foresee any significant
credit risks from these deposits and does not expect that these financial institutions may default and cause losses to the Group.
As for accounts receivable, the Group has worked out the credit policies based on actual situation to evaluate customers’ credit so as
to decide the limit of sales on credit and credit period. The credit evaluation is conducted on the basis of a customer’s financial
condition, external rating and historical transaction records. The accounts receivable will expire within 15 to 120 days since the issue
date of account bills. The debtors of overdue accounts receivable will be required to pay off all outstanding balance before obtaining
further credit lines. In general, the Group will not ask customers to offer any collateral.
The credit risk of the Group is mainly influenced by characteristics of customers, not the industries, countries or regions they are in.
Thus, the concentration of material credit risks is mainly generated from material accounts receivable and contract assets of the
Group from individual customers. On the balance sheet date, the accounts receivable of the Group and the Company's top five
customers respectively account for 42% and 0.03% (in 2020: 33% and 0.02%) of total accounts receivable and total contract assets of
the Group and the Company. What’s more, the accounts receivable of the Group not overdue and without impairment are mainly
from customers without debt records recently.
The maximum credit risk exposure born by the Group is the carrying amount of each financial asset in the balance sheet. As stated in
Note XIV, the Group has no external guarantee that will bring credit risks to the Group as at 30 June 2021.


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(2) Liquidity Risk
Liquidity risk is the risk that an enterprise will encounter difficulty in meeting obligations that are settled by delivering cash or
another financial asset. The Company and its individual subsidiaries are responsible for their own cash management, including
short-term investment of cash surpluses and the raising of loans to cover expected cash demands (subject to approval by the
Company’s board when the borrowings exceed certain predetermined levels). The Group’s policy is to regularly monitor its liquidity
requirements and its compliance with lending covenants, to ensure that it maintains sufficient reserves of cash, readily realizable
marketable securities and adequate committed lines of funding from major financial institutions to meet its liquidity requirements in
the short and longer term.
(3) Interest Rate Risk
Interest-bearing financial instruments at variable rates and at fixed rates expose the Group to cash flow interest rate risk and fair
value interest risk, respectively. The Group determines the appropriate weightings of the fixed and floating rate interest-bearing
instruments based on the current market conditions and performs regular reviews and monitoring to achieve an appropriate mix of
fixed and floating rate exposure. The Group does not enter into financial derivatives to hedge interest rate risk.
As at 30 June 2021, it is estimated that a general increase/decrease of 100 basis points in interest rates of variable rate instrument,
with all other variables held constant, would decrease/increase the Group's net profit and equity by RMB523.65million (2020:
RMB557.44 million).
In respect of the exposure to cash flow interest rate risk arising from floating rate non-derivative instruments held by the Group at the
balance sheet date, the impact on the net profit and equity is estimated as an annualized impact on interest expense or income of such
a change in interest rates. The analysis is performed on the same basis for the previous year.
(4) Foreign Currency Risk
In respect of cash at bank and on hand, accounts receivable and payable, short-term loans and other assets and liabilities denominated
in foreign currencies other than the functional currency, the Group ensures that its net exposure is kept to an acceptable level by
buying or selling foreign currencies at spot rates when necessary to address short-term imbalances.
(a)The Group’s exposure as at 30 June to currency risk arising from recognized foreign currency assets or liabilities is mainly
denominated in US dollar. The amount of the USD exposure is net liabilities exposure USD2,151,445,251 (2020 net liabilities exposure:
USD2,618,785,628), translated into RMB13,898,551,466 (2020: RMB17,087,314,344), using the spot rate at the balance sheet date.
Differences resulting from the translation of the financial statements denominated in foreign currency are excluded.
(b) Assuming all other risk variables remained constant, a 5% strengthening/weakening of the Renminbi against the US dollar at 30
June would have increased/decreased both the Group's equity and net profit by the amount RMB342,588,632 (2020:
RMB333,959,173).
The sensitivity analysis above assumes that the change in foreign exchange rates had been applied to re-measure those financial
instruments held by the Group which expose the Group to foreign currency risk at the balance sheet date. The analysis excludes
differences that would result from the translation of the financial statements denominated in foreign currency. The analysis is
performed on the same basis for the previous year.


XI. The Disclosure of Fair Value

1. Ending Fair Value of Assets and Liabilities at Fair Value

                                                                                                                                Unit: RMB

                                                                                     Ending fair value
                     Item                         Level 1 Fair value     Level 2 Fair value     Level 3 Fair value
                                                                                                                             Total
                                                     measurement            measurement            measurement


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I. Consistent fair value measurement                  --            --               --                    --

----(I) Trading financial assets                             0.00        0.00   3,261,079,527.00     3,261,079,527.00

1. Financial assets at fair value through profit
                                                             0.00        0.00   3,261,079,527.00     3,261,079,527.00
or loss

(1) Debt instruments investment                              0.00        0.00   2,654,184,080.00     2,654,184,080.00

(2) Equity instruments investment                            0.00        0.00    606,895,447.00       606,895,447.00

(3) Derivative financial assets                              0.00        0.00              0.00                 0.00

2. Financial assets assigned measured by fair
value and the changes be included in the                     0.00        0.00              0.00                 0.00
current gains and losses

(1) Debt instruments investment                              0.00        0.00              0.00                 0.00

(2) Equity instruments investment                            0.00        0.00              0.00                 0.00

(II) Investment in other debt obligations                    0.00        0.00              0.00                 0.00

(III) Other equity instrument investment           190,674,763.00        0.00    352,842,716.00       543,517,479.00

(IV) Investment property                                     0.00        0.00              0.00                 0.00

1. Lease the land use right                                  0.00        0.00              0.00                 0.00

2. Rental buildings                                          0.00        0.00              0.00                 0.00

3. Land use right held and prepared to transfer
                                                             0.00        0.00              0.00                 0.00
after appreciation

(V)Biological assets                                         0.00        0.00              0.00                 0.00

1.Consumable biological assets                               0.00        0.00              0.00                 0.00

2. Productive living assets                                  0.00        0.00              0.00                 0.00

Total assets measured at fair value on a
                                                             0.00        0.00              0.00                 0.00
recurring basis

(VI)Trading financial liabilities                            0.00        0.00              0.00                 0.00

Of which: Tradable bond issued                               0.00        0.00              0.00                 0.00

          Derivative financial liabilities                   0.00        0.00              0.00                 0.00

          Others                                             0.00        0.00              0.00                 0.00

(VII) Refer as financial liabilities measured
by fair value and the changes included in the                0.00        0.00              0.00                 0.00
current gains and losses

Total liabilities of consistent fair value
                                                             0.00        0.00              0.00                 0.00
measurement

II. Inconsistent fair value measurement               --            --               --                    --

----(I) Assets held for sale                                 0.00        0.00              0.00                 0.00

Total assets inconsistently measured at fair                 0.00        0.00              0.00                 0.00



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value

Total liabilities inconsistently measured at fair
                                                                  0.00                 0.00           0.00                0.00
value


2. Basis of Determining the Market Price for Recurring and Non-recurring Fair Value Measurements
Categorized within Level 1

The unadjusted offer in active market obtaining same assets or liabilities on the calculation date.


3. Consistent and Inconsistent Fair Value Measurement Items at Level 2, Valuation Techniques Adopted,
the Qualitative and Quantitative Information of Important Parameters

Observable input value of related assets or liabilities except level 1 input value.


4. Consistent and Inconsistent Fair Value Measurement Items at Level 3, Valuation Techniques Adopted,
the Qualitative and Quantitative Information of Important Parameters

The unobservable input value of related assets or liabilities.


5. Consistent Fair Value Measurement Items at Level 3, Adjustment between the Beginning Carrying
Value and the Ending Carrying Value and Sensitivity Analysis on Unobservable Parameters

N/A


6. Explain the Reason for Conversion and the Policy Governing when the Conversion Happens if
Conversion Happens among Consistent Fair Value Measurement Items at Different Level

N/A


7. Changes in Valuation Techniques in the Reporting Period and Reasons for the Changes

N/A


8. Fair Value of Financial Assets and Liabilities Not Measured at Fair Value

N/A


9. Other

N/A




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XII. Connected Party and Connected Transaction

1. Information on the Company as the Parent


                                                                                                 Proportion of         Proportion of
                                                                                                 share held by         voting rights
                                                                                                the Company as         owned by the
 Company name         Registered place       Business nature           Registered capital
                                                                                                   the parent        Company as the
                                                                                                  against the        parent against the
                                                                                                 Company (%)          Company (%)

                                         Operation and
Beijing             No. 12, Jiuxianqiao management of
Electronics         Road, Chaoyang       state-owned assets      RMB3,139,210,000.00                      0.79%                 17.68%
Holding Co., Ltd. District, Beijing      within authorization,
                                         etc.

Notes to the Company as the parent:
N/A
The final controller of the Company is Beijing Electronics Holding Co., Ltd.
Other notes:
N/A


2. Subsidiaries of the Company

Refer to Note IX.-1 for details.


3. Information on the Joint Ventures and Associated Enterprises of the Company

For information of significant joint ventures or associated enterprises of the Company, please refer to Note IX-3.
List of other joint ventures and associated enterprises that made connected transactions with the Company generating balance during
or before the Reporting Period:

                              Name                                                  Relationship with the Company

Beijing Nissin Electronics Precision Component Co., Ltd.           Associate of the Group and the Company

Beijing Nittan Electronic Co., Ltd.                                Associate of the Group and the Company

Beijing Xindongneng Investment Management Co., Ltd.                Associate of the Group and the Company

TPV Display Technology (China) Limited                             Associate of the Group and the Company

Hunan BOE Yiyun Science & Technology Co., Ltd.                     Associate of the Group and the Company

Beijing Zhonglianhe Ultra HD Collaborative Technology Centre Associate of the Group
Co., Ltd.

BioChain (Beijing) Science & Technology, Inc.                      Associate of the Group

BOE Houji Technology (Beijing) Co., Ltd.                           Associate of the Group



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Changzhou Xiruojia Medical Technology Co., Ltd.                      Subsidiary of associate of the Group

Other notes:
N/A


4. Information on Other Related Parties


                  Name of other related parties                                       Relationship with the Company

Beijing BOE Investment Development Co., Ltd.                         Under the same control of the ultimate holding company

Beijing NAURA Microelectronics Equipment Co., Ltd.                   Under the same control of the ultimate holding company

Sevenstar Semiconductor Technologies Co., Ltd.                       Under the same control of the ultimate holding company

Beijing Zhaowei Technology Development Co., Ltd.                     Under the same control of the ultimate holding company

Beijing C&W Intelligent Equipment Co., Ltd.                          Under the same control of the ultimate holding company

Beijing Dongdian Industrial Development Co., Ltd.                    Under the same control of the ultimate holding company

Beijing Zhengdong Electronic Power Group Co., Ltd.                   Under the same control of the ultimate holding company

Beijing Yansong Economic and Trade Co., Ltd.                         Under the same control of the ultimate holding company

Beijing Ether Electronics Group Co., Ltd.                            Under the same control of the ultimate holding company

Beijing Electronics Holding & SK Technology Co., Ltd.                Under the same control of the ultimate holding company

Beidian Aisite (Jiangsu) Technology Co., Ltd.                        Under the same control of the ultimate holding company

Beijing Zhaowei Electronics (Group) Co., Ltd.                        Under the same control of the ultimate holding company

761 Workshop (Beijing) Technology Development Co., Ltd.              Under the same control of the ultimate holding company

Beijing Electric Control Industry Investment Co., Ltd.               Under the same control of the ultimate holding company

Xin Xiang Microelectronic (Hong Kong) Co., Ltd.                      Associate of enterprise that is under the same control of the
                                                                     ultimate holding company

Beijing Senju Electronic Materials Co., Ltd.                         Associate of enterprise that is under the same control of the
                                                                     ultimate holding company

Beijing Asahi Electronic Materials Co., Ltd.                         Others

Beijing Yizhuang Water Co., Ltd.                                     Others

China Minsheng Banking Corporation Limited                           Others

Other notes:
N/A


5. Transactions with Related Parties

(1) Information on Acquisition of Goods and Reception of Labor Service

Information on acquisition of goods and reception of labor service
                                                                                                                              Unit: RMB



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BOE Technology Group Co., Ltd.                                                                                           Interim Report 2021


                                                                                                               Whether
                                                      Nature of                         The approval trade                   Same period of
             Name of related party                                  Reporting Period                         exceed trade
                                                  transaction                                 credit                             last year
                                                                                                             credit or not

Beijing Electronics Holding Co., Ltd and its     Purchase of
                                                                       266,829,360.00      647,000,000.00 No                   74,502,480.00
affiliated companies                             goods

Beijing Electronics Holding Co., Ltd and its     Receiving of
                                                                         1,522,372.00       45,000,000.00 No                    1,836,188.00
affiliated companies                             services

                                                 Purchase of
Other related parties                                                  129,714,767.00      380,200,000.00 No                 202,163,441.00
                                                 goods

                                                 Receiving of
Other related parties                                                    1,328,899.00       10,100,000.00 No                    1,570,667.00
                                                 services

Information of sales of goods and provision of labor service
                                                                                                                                      Unit: RMB

                                                                                                                        Same period of last
             Name of related party                     Nature of transaction             Reporting Period
                                                                                                                               year

Beijing Electronics Holding Co., Ltd and its
                                                 Sale of goods                                     5,234,597.00                    75,050.00
affiliated companies

Beijing Electronics Holding Co., Ltd and its
                                                 Rendering of services                             3,739,611.00                 1,863,450.00
affiliated companies

Other related parties                            Sale of goods                                  126,028,273.00                 16,211,639.00

Other related parties                            Rendering of services                                 264,969.00                  27,043.00

Explanation of Information on Acquisition of Goods and Reception of Labor Service
N/A


(2) Connected Trusteeship/Contract and Entrust/Contractee

Lists of connected trusteeship/contract:
                                                                                                                                      Unit: RMB

  Name of the           Name of the                                                                                             Income
entruster/contract       entrustee/            Type               Start date       Due date             Pricing basis      recognized in the
        ee               contractor                                                                                        Reporting Period

N/A

Notes to connected trusteeship/contract
N/A
Lists of entrust/contractee
                                                                                                                                      Unit: RMB

  Name of the           Name of the                                                                                             Income
entruster/contract       entrustee/            Type               Start date       Due date             Pricing basis      recognized in the
        ee               contractor                                                                                        Reporting Period


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N/A

Notes to entrust/contractee
N/A


(3) Information on Connected Lease

The Company served as the lessor:
                                                                                                                          Unit: RMB

                                                                    The lease income confirmed in The lease income confirmed in
         Name of lessee               Type of assets leased
                                                                           the Reporting Period       the same period of last year

Beijing Electronics Holding
Co., Ltd and its affiliated    Investment properties                                     102,491.00                       87,545.00
companies

Other related parties          Investment properties                                     573,156.00                      474,771.00

The Company served as the lessee:
                                                                                                                          Unit: RMB

                                                                    The lease income confirmed in The lease income confirmed in
         Name of lessor               Type of assets leased
                                                                           the Reporting Period       the Same period of last year

Beijing Electronics Holding
Co., Ltd and its affiliated    Fixed assets                                            1,402,644.00                    1,471,272.00
companies

Notes to connected lease
N/A


(4) Connected Guarantee

The Company served as the guarantee
                                                                                                                          Unit: RMB

                                                                                                             Whether completely
      Secured party                 Amount                    Start date                  Due date
                                                                                                                  performed

N/A

The Company served as the secured party
                                                                                                                          Unit: RMB

                                                                                                             Whether completely
        Guarantee                   Amount                    Start date                  Due date
                                                                                                                  performed

N/A

Notes to connected guarantee
N/A




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BOE Technology Group Co., Ltd.                                                                                      Interim Report 2021


(5) Interbank Borrowing and Lending of Capital by Connected Party

                                                                                                                                 Unit: RMB

 Name of related party        Amount of funding            Inception date              Maturity date                    Note

Funds received

N/A

Funds provided

N/A


(6) Assets Transfer and Debt Restructuring of Connected Party

                                                                                                                                 Unit: RMB

      Name of related party             Nature of transaction               Reporting Period               Same period of last year

N/A


(7) Remuneration for Key Management Personnel

                                                                                                                                 Unit: RMB

                   Item                                   Reporting Period                            Same period of last year

Remuneration of key management                                              69,055,577.00                                  25,527,806.00
personnel


(8) Other Connected Transactions

N/A


6. Receivables from and Payables to Related Parties

(1) Accounts Receivable

                                                                                                                                 Unit: RMB

                                                                            Ending balance                   Beginning balance
        Item                  Name of related party                                  Provision for                         Provision for
                                                                   Book value                             Book value
                                                                                     impairment                             impairment

Accounts         Beijing Electronics Holding Co., Ltd and its
                                                                      156,608.00               0.00            78,138.00            0.00
receivable       affiliated companies

Other            Beijing Electronics Holding Co., Ltd and its
                                                                    1,314,079.00               0.00         1,108,034.00            0.00
receivables      affiliated companies

                 Beijing Electronics Holding Co., Ltd and its
Prepayments                                                           902,006.00               0.00          840,736.00             0.00
                 affiliated companies


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Accounts                                                              66,413,634.00
                   Other related parties                                                         0.00       6,900,349.00           0.00
receivable

Other                                                                    1,907,616.00
                   Other related parties                                                         0.00       5,674,947.00           0.00
receivables

Prepayments        Other related parties                                 6,090,493.00            0.00       8,712,791.00           0.00

Contract assets    Other related parties                                  693,124.00             0.00               0.00           0.00


(2) Accounts Payable

                                                                                                                               Unit: RMB

                                                                                                                  Beginning carrying
              Item                               Name of related party                  Ending carrying balance
                                                                                                                       balance

                                    Beijing Electronics Holding Co., Ltd and its
Accounts payable                                                                                 51,082,252.00             39,136,061.00
                                    affiliated companies

                                    Beijing Electronics Holding Co., Ltd and its
Other payables                                                                                  188,790,712.00         137,685,259.00
                                    affiliated companies

                                    Beijing Electronics Holding Co., Ltd and its
Advance payments received                                                                                  0.00               12,815.00
                                    affiliated companies

                                    Beijing Electronics Holding Co., Ltd and its
Contract liabilities                                                                                 84,120.00                     0.00
                                    affiliated companies

Accounts payable                    Other related parties                                       100,340,520.00             70,597,799.00

Other payables                      Other related parties                                        11,898,926.00               174,048.00

Advance payments received           Other related parties                                         6,118,783.00                71,155.00

Contract liabilities                Other related parties                                           695,930.00               270,612.00


7. Commitments of the Related Parties



                             Item                                              2021                                 2020

 Procurement of equipment                                                               182,785,156.00                     122,293,128.00




8. Other

N/A




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XIII. Share-based Payments

1. Overview of Share-based Payments

√ Applicable □ Not applicable
                                                                                                                            Unit: RMB

The total amount of equity instruments granted to the Company during the
                                                                                                                                  0.00
Reporting Period

The total amount of equity instruments exercised by the Company during
                                                                                                                                  0.00
the Reporting Period

The total amount of equity instruments of the Company that expire during
                                                                                                                                  0.00
the Reporting Period

Scope of the exercise price of outstanding stock options of the Company
                                                                                 --
at the end of the Reporting Period and remaining contract term

Scope of the exercise price of other outstanding equity instruments of the
                                                                                 --
Company at the end of the Reporting Period and remaining contract term

Other notes:
     No new equity instruments were granted to the Company during the Reporting Period.
     On 17 November 2020, the General Meeting of the Company approved the implementation of share options and restricted share
incentive plans since 2020. The shares for the share options and restricted share incentive plans are from the Company's Renminbi
A-share ordinary shares repurchased from the secondary market. Vesting plans of share options and restricted share incentive plans
are presented as follows:
     (1) Share option incentive plan
     The share option incentive plan is classified into initial grant and reserved grant. The initial grant date was 21 December 2020,
and the implementation was completed on 25 December 2020. The actual number of grantees was 1,988, with a number of grants of
596,229,700 shares; the number of reserved grants was 33,000,000 shares. The grant date, grant recipients, and implementation
completion date, etc. are to be confirmed.
     The share options are exercised in three phases after 24 months from the grant date. The exercise ratios for each phase are 34%,
33%, and 33%, respectively. The corresponding exercise dates are 2 years, 3 years, and 4 years from the grant date.
     The fair value of equity instruments at the grant date is determined based on the difference between the assessed fair value of the
exercisable share options at each grant date and the subscription price in RMB (RMB1.68/share, RMB1.93/share and RMB2.09/share,
respectively).
     When the Company's performance meets the corresponding criteria, the proportion of exercisable rights of the above-mentioned
share options is determined based on the business performance of the incentive object's operation and the contribution value of the
incentive object. In accordance with the plan, the Company will deregister the current exercisable shares of the options obtained by
the incentive objects if the exercise criteria stipulated in this plan are not met.
     (2) Restricted share incentive plan
     The grant date of restricted share incentive plan was 21 December 2020, and the implementation was completed on 29
December 2020. The actual number of grantees was 793, with a number of grants of 321,813,800 share.
     The lock-up periods of the restricted shares are 24, 36 and 48 months from the grant date. During the lock-up period, restricted
shares granted to the incentive object under this plan shall not be transferred, used for guarantee or debt repayment before the lock-up


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BOE Technology Group Co., Ltd.                                                                                        Interim Report 2021


release. Lock-up restricted shares are released in three phases after 24 months from the grant date. The release ratios for each phase
are 34%, 33%, and 33%, respectively. The corresponding release dates are 2 years, 3 years, and 4 years from the grant date. The
actual number released shall be based on the performance assessment result in the previous year.
      The fair value of equity instruments at the grant date is determined based on the difference between the fair value of shares at
the grant date and the subscription price at RMB2.68/share.
      When the Company's performance meets the corresponding criteria, the release proportion of the above-mentioned restricted
shares is determined based on the business performance of the incentive object's operation and the contribution value of the incentive
object. The Company will repurchase the locked restricted shares at the granted price of the incentive objects if the release criteria
stipulated in this plan are not met, and the incentive object shall not release the restricted shares for the current period.


2. Equity-settled Share-based Payments

√ Applicable □ Not applicable
                                                                                                                                Unit: RMB

                                           Share option: The fair value of equity instruments at the grant date is determined based on
                                           the difference between the assessed fair value of the exercisable share options at each
Method for determining the fair value of grant date and the subscription price in RMB (RMB1.68/share, RMB1.93/share and
equity instruments at the grant date       RMB2.09/share, respectively). Restricted shares: The fair value of equity instruments at
                                           the grant date is determined based on the difference between the fair value of shares at the
                                           grant date and the subscription price at RMB2.68/share.

                                           At each balance sheet date during the vesting period, the best estimation is made
                                           according to the latest information, such as the number of employees who are granted
Basis of determining the number of
                                           options and the completion of performance indicators, and the number of equity
equity instruments expected to vest
                                           instruments expected to vest is revised accordingly. On the vesting date, the estimated
                                           number is equal to the number of equity instruments that are ultimately vested.

Causes for material difference between
the current estimate and the previous      N/A
estimate

Payment of the cumulative amount
included in capital reserves with                                                                                          304,279,820.00
equity-settled shares

Total costs recognized by equity-settled
share-based payment in the Reporting                                                                                       291,568,623.00
Period

Other notes:
N/A


3. Cash-settled Share-based Payments

□ Applicable √ Not applicable




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BOE Technology Group Co., Ltd.                                                              Interim Report 2021


4. Modification and Termination of Share-based Payments

N/A


5. Others

N/A


XIV Commitments and Contingency

1. Significant commitments

Significant commitments on the balance sheet date
(1) Capital Commitments

 The Group                                                 30 June 2021          31 December 2020

 Outward investment contract signed but not performed or 44,123,314,294.00       58,885,156,561.00
 not performed fully

 Outward investment contract authorized but contract not   75,392,343,393.00     74,192,859,943.00
 signed

 Total                                                     119,515,657,687.00    133,078,016,504.00



(2) Operating Commitments

 The Group                                                 30 June 2021         31 December 2020

 Within 1 year (including 1 year)                         88,877,469.00        76,151,901.00

 Over 1 year and within 2 years (including 2 years)        47,303,873.00        38,471,518.00

 Over 2 years and within 3 years (including 3 years)       26,109,026.00        21,725,645.00

 Over 3 years                                              27,013,084.00        33,043,339.00

 Total                                                     189,303,452.00       169,392,403.00



 The Company                                               30 June 2021         31 December 2020

 Outward investment contract signed but not performed or 35,155,612,052.00      39,391,365,336.00
 not performed fully

 Outward investment contract authorized but contract not   0.00                 0.00
 signed

 Total                                                     35,155,612,052.00    39,391,365,336.00




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2. Contingency

(1) Significant Contingency on the Balance Sheet Date

N/A


(2) Explanations Should Also Be Given when there Was No Significant Contingency to Disclose

There was no significant contingency to disclose.


3. Other

N/A


XV Events after Balance Sheet Date

1. Significant Non-adjusted Events

                                                                                                                       Unit: RMB

                                                                  Influence number to the
                                                                                                 Reason of inability to estimate
               Item                          Content          financial position and operating
                                                                                                       influence number
                                                                          results

               N/A


2. Profit Distribution

N/A


3. Sales Return

N/A


4. Notes to Other Events after Balance Sheet Date

In July 2021, with the approval document No. 2277 [2021] of the China Securities Regulatory Commission ("CSRC"), the Company
issued 3,650,377,019 RMB ordinary shares to specific investors through private placements at the face value of RMB1/share and
issue price of RMB5.57/share, raising RMB20,332,599,995.83 in total. The net amount of funds actually raised through this
non-public offering was RMB19,869,507,400.00 after deducting issuance expenses of RMB463,092,595.83 (excluding VAT)
including underwriting and sponsoring fees, audit, and capital verification expenses which totaled RMB463,092,595.83. The
availability of the above funds has been verified by KPMG Huazhen LLP (Special General Partnership), which issued the Capital
Verification Report on Non-public Offering of RMB Ordinary Shares by BOE Technology Group Co., Ltd. (B.M.W.H.ZH.Y.Z.
No.2100934).




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XVI Other Significant Events

1. Correction of Accounting Errors in Previous Period

(1) Retrospective Restatement

                                                                                                                          Unit: RMB

                                                                  Name of the report item of each
 Correction of accounting errors        Processing program                                                Cumulative impact
                                                                    comparison period impacted

N/A


(2) Prospective Application


                                                                                            Reasons for adopting the prospective
      Correction of accounting errors                    Approval procedure
                                                                                                         application

N/A


2. Debt Restructuring

N/A


3. Assets Replacement

(1) Replacement of Non-monetary Assets

N/A


(2) Replacement of Other Assets

N/A


4. Pension Plans

In order to ensure and improve the living standards of BOE retirees and put in place a multi-layer old-age security system and a
long-term talent retaining mechanism, as per China’s relevant policies and regulations, BOE has established the annuity programme
since January 2014. The annuity fund consists of the contributions by the Company (paid as per the government’s regulations
according to the applicable taxation policy), the contributions by employees (deducted by the Company from their salaries according
to the applicable taxation policy) and the returns on investment by the fund (operated by the relevant government department
according to the investment principle of high security and moderate income).


5. Discontinued Operations

                                                                                                                          Unit: RMB



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                                                                                                                          Profit of
                                                                                                                        discontinued
                                                             Profit before       Income tax                              operations
       Item               Income            Expense                                                   Net profit
                                                               taxation           expenses                             attributable to
                                                                                                                       owners of the
                                                                                                                      parent company

       N/A


Other notes: N/A


6. Segment Information

(1) Recognition Basis and Accounting Policies of Reportable Segment

The Group management reviews the operation performance and allocates resources according to the business segments below.
(a) Display business—Display business offers TFT-LCD, AMOLED, Microdisplay and other intelligent interface devices designed and
manufactured in an integrated way, to create an integrated platform of panels, modules, whole products and services. Display business
provides customers with high-quality display devices such as smartphones, tablet PCs, laptops, monitors, TVs, vehicle-mounted,
electronic shelf label (ESL), tiled display screens, industrial control, wearable devices, VR/AR devices, electronic tags, white goods,
healthcare, mobile payment, and interactive whiteboards, as well as the most competitive intelligent services in 3C display, smart IoT,
system platform, and other fields.
(b) Smart systems innovation business — The smart systems innovation business integrates designs of system solutions. Supported by
AI and big data technologies, the Smart System Innovation BG focuses on software-hardware-integrated products and services and
offers integrated IoT solutions of smart governments, smart cities, smart transportation, smart finance, smart education, smart industrial
parks and smart energy.
(c) Smart medicine and engineering business — The smart medicine and engineering business adopts the professional healthcare
service model to combine technologies with medicine and integrate medicine and engineering with innovation, so as to provide families,
communities and hospitals with the four core services of health management, health technology, digital hospital, and technology
services. The health IoT platform connects testing equipment, medical workers and customers to build a smart health management
ecosystem where customers enjoy health services including prevention, treatment, therapy and nursing.
(d) Sensor and application solutions business — The sensor and application solutions business integrates design and manufacturing of
B2B system solutions. This business focuses on medical detection, household detection, communication and transportation, smart
homes and other fields to provide customers with integrated design and manufacturing services of sensor devices; besides, this business
provides sensor system solutions of medical imaging, biological detection, smart screens, microwave communication, fingerprint
identification and the like, with products including flat panel X-ray detectors (FPXD), digital microfluidic chips, PDLC glass,
fingerprint identification systems, etc.
(e) MLED business — The MLED business integrates design and manufacturing of devices and provides MLED backlight products
with strong reliability and high dynamic range that allow precisely brightness adjustment for smartphones, tablet PCs, laptops, monitors,
TVs and other products; besides, it provides MLED display products with high brightness, strong reliability and high dynamic range for
use in outdoor display, commercial display and other scenarios.
(f) Others — Other service mainly includes technical development service and patent maintenance service. The main reason to separate
the segments is that the Group independently manages display business, smart systems innovation business, smart medicine &
engineering integration business, sensor and application solutions business, MLED business, and other businesses. Because the


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business segments manufacture and distribute different products, apply different manufacturing processes and specifies in gross profit,
the business segments are managed independently. The management evaluates the performance and allocates resources according to
the profit of each business segment and does not take financing cost and investment income into account




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(2) The Financial Information of Reportable Segment

                                                                                                                                                                                      Unit: RMB

                                                                            Smart medicine &
                                                        Smart systems          engineering                              Sensor and application
      Item               Display business                                                         MLED business                                       Others and offset            Total
                                                      innovation business      integration                                 solutions business
                                                                                 business

Operating
                                104,673,381,879.00         710,847,862.00      863,981,458.00         273,171,561.00               79,166,852.00          684,777,414.00     107,285,327,026.00
income

Operating
                                 72,756,787,082.00         560,197,945.00      572,687,964.00         256,255,419.00               55,296,538.00         -455,335,917.00      73,745,889,031.00
costs


(3) If There Was no Reportable Segment, or the Total Amount of Assets and Liabilities of Each Reportable Segment Could not Be Reported, Relevant
Reasons Shall Be Clearly Stated

The Company develops various businesses by using common assets and liabilities and therefore, it could not analyze assets and liabilities of each reportable segment respectively by business.


(4) Other Notes

N/A


7. Other Important Transactions and Matters Impacting Investors' Decision-making

N/A


8. Other

N/A


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XVII Notes of Main Items in the Financial Statements of the Company as the Parent

1. Accounts Receivable

(1) Accounts Receivable Disclosed by Category

                                                                                                                                                                                  Unit: RMB

                                                                Ending balance                                                               Beginning balance

                                           Book value             Provision for impairment                            Book value                Provision for impairment
             Category                                                                           Carrying                                                                        Carrying
                                                                                 Withdrawal                                                                      Withdrawal
                                    Amount         Percentage      Amount                       amounts          Amount         Percentage       Amount                         amounts
                                                                                 proportion                                                                      proportion

Accounts receivable for which
bad debt provision accrued      5,038,758,439.00         99.99% 19,069,682.00         0.38% 5,019,688,757.00 3,993,801,591.00       99.98% 20,262,337.00              0.51% 3,973,539,254.00
separately

Of which:

Accounts receivable for which
bad debt provision accrued by        810,709.00           0.01%     46,566.00         5.74%       764,143.00      712,270.00         0.02%         39,216.00          5.51%       673,054.00
group

Of which:

Total                           5,039,569,148.00        100.00% 19,116,248.00         0.38% 5,020,452,900.00 3,994,513,861.00      100.00% 20,301,553.00              0.51% 3,974,212,308.00

Bad debt provision withdrawn separately:




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BOE Technology Group Co., Ltd.                                                                                      Interim Report 2021


                                                                                                                                Unit: RMB

                                                                        Ending balance
           Name
                                   Book value         Provision for impairment       Withdrawal proportion      Reason for withdrawal

N/A

Bad debt provision withdrawn separately:
                                                                                                                                Unit: RMB

                                                                        Ending balance
           Name
                                   Book value         Provision for impairment       Withdrawal proportion      Reason for withdrawal

Bad debt provision accrued by group:
                                                                                                                                Unit: RMB

                                                                              Ending balance
                 Name
                                            Book value                 Provision for impairment              Withdrawal proportion

Portfolio of credit risk                          5,039,569,148.00                      19,116,248.00                             0.38%

Total                                             5,039,569,148.00                      19,116,248.00                  --

-Notes of the basis of recognizing the group:

Customer group                                                       Basis

Customers with high credit risk                                      With special matters, litigations or the deterioration of customers’
                                                                     credit status

Customers with low credit risk                                       Banks, insurance companies, large state-owned enterprises and
                                                                     public institutions

Customers with moderate credit risk                                  Customers not included in Groups above

Bad debt provision accrued by group:
                                                                                                                                Unit: RMB

                                                                              Ending balance
                 Name
                                            Book value                 Provision for impairment              Withdrawal proportion

N/A

Total

-Notes of the basis of recognizing the group:
Please refer to the relevant information of disclosure of bad debt provision of other accounts receivable if adopting the general mode
of expected credit loss to withdraw bad debt provision of notes receivable.
√ Applicable □ Not applicable

                                                                         2021

                                     Book value                      Provision for impairment                                     

      Category                    Amount            Proportio          Amount               Proportio        Carrying amounts
                                                      n (%)                                  n (%)




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    Bad          debt                                                                                                             
    provision
    withdrawn

    separately

        -Customers                       4,330,476.00      0.09%               4,090,353.00  94.46%                     240,123.00
        with     high
        credit risk

        Customers                     5,034,427,963.00  99.90%                14,979,329.00      0.30%             5,019,448,634.00
        with     low

        credit risk

    Bad          debt                                                                                 
    provision
    accrued       by

    group

        -Customers                         810,709.00      0.01%                  46,566.00      5.74%                  764,143.00
        with
        medium
        credit risk

    Total                             5,039,569,148.00  100.00%               19,116,248.00      0.38%             5,020,452,900.00



Disclosed by aging
                                                                                                                               Unit: RMB

                                              Ageing                                                        Ending balance

Within 1 year (including 1 year)                                                                                       4,765,927,237.00

1 to 2 years                                                                                                             237,563,616.00

2 to 3 years                                                                                                               34,854,310.00

Over 3 years                                                                                                                1,223,985.00

  3 to 4 years                                                                                                                        0.00

  4 to 5 years                                                                                                                        0.00

  More than 5 years                                                                                                         1,223,985.00

Total                                                                                                                   5,039,569,148.00


(2) Bad Debt Provision Withdrawn, Reversed or Recovered in the Reporting Period

Information of withdrawal of bad debt provision:
                                                                                                                               Unit: RMB

                           Beginning                           Changes in the Reporting Period
    Category                                                                                                            Ending balance
                            balance           Withdrawal        Reversal or          Write-off            Others



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                                                                recovery

Bad debt of               20,301,553.00          7,486.00            -136.00        -1,192,655.00             0.00      19,116,248.00
accounts
receivable

Total                     20,301,553.00          7,486.00            -136.00        -1,192,655.00             0.00      19,116,248.00

Of which bad debt provision reversed or recovered with significant amount:
                                                                                                                              Unit: RMB

                     Subsidiary                       Amount reversed or recovered                      Way of recovery

N/A
N/A


(3) Accounts Receivable with Actual Verification during the Reporting Period

                                                                                                                              Unit: RMB

                                   Item                                                        Amount verified

N/A

Of which the verification of significant accounts receivable:
                                                                                                                              Unit: RMB

                                                                                               Verification       Whether generated
                                                                           Reason for
        Subsidiary                Nature        Amount verified                                 procedures           from connected
                                                                           verification
                                                                                                performed             transactions

N/A

Notes:
N/A


(4) Top 5 Accounts Receivable in Ending Balance Collected according to the Arrears Party

                                                                                                                              Unit: RMB

                                      Ending balance of accounts     Proportion to the total ending     Ending balance of bad debt
             Subsidiary
                                              receivable             balance of accounts receivable              provisions

Sum of top 5 accounts
                                                 4,586,279,497.00                             91.01%                                 0.00
receivable

Total                                            4,586,279,497.00                             91.01%


(5) Accounts Receivable Derecognized Due to the Transfer of Financial Assets

N/A




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BOE Technology Group Co., Ltd.                                                                       Interim Report 2021


(6) The Amount of the Assets and Liabilities Formed by the Transfer and the Continued Involvement of
Accounts Receivable

N/A
Other notes:
N/A


2. Other Accounts Receivable

                                                                                                               Unit: RMB

                      Item                         Ending balance                          Beginning balance

Interest receivable                                                       0.00                                       0.00

Dividends receivable                                              60,055,861.00                          460,261,502.00

Other receivables                                           15,671,575,897.00                         15,885,213,081.00

Total                                                       15,731,631,758.00                         16,345,474,583.00


(1) Interest Receivable

1) Category of Interest Receivable

                                                                                                               Unit: RMB

                      Item                         Ending balance                          Beginning balance

Fixed time deposit                                                        0.00                                       0.00

Entrusted loan                                                            0.00                                       0.00

Bond investment                                                           0.00                                       0.00

Total                                                                     0.00                                       0.00


2) Significant Overdue Interest


                                                                                                   Whether occurred
        Borrower                  Ending balance   Overdue time                   Reason          impairment and its
                                                                                                    judgment basis

N/A

Other notes:
N/A


3) Withdrawal of Bad Debt Provision

□ Applicable √ Not applicable




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(2) Dividend Receivable

1) Category of Dividend Receivable

                                                                                                                     Unit: RMB

                    Item(or investee)                     Ending balance                        Beginning balance

BeijingMatsushita Color CRT Co., Ltd.
                                                                      52,294,259.00                             52,294,259.00
(BMCC)

BOE (Korea) Co., Ltd.                                                  5,836,980.00                              6,125,106.00

Chongqing BOE Optoelectronics Technology
                                                                               0.00                            400,000,000.00
Co., Ltd.

Beijing Electronic Zone High-tech Group Co.,
                                                                       1,924,622.00                              1,842,137.00
Ltd.

Total                                                                 60,055,861.00                            460,261,502.00


2) Significant Dividend Receivable Aging over One Year

                                                                                                                     Unit: RMB

                                                                              Unrecovered       Whether occurred impairment
       Item(or investee)           Ending balance           Ageing
                                                                                 reason             and its judgment basis

             N/A

            Total


3) Withdrawal of Bad Debt Provision

□ Applicable √ Not applicable


Other notes: N/A


(3) Other Accounts Receivable

1) Other Account Receivable Classified by Account Nature

                                                                                                                     Unit: RMB

          Nature of other receivables               Ending carrying balance                 Beginning carrying balance

Transaction amount                                                15,484,143,336.00                         15,844,170,864.00

Others                                                               239,111,648.00                             90,981,869.00

Total                                                             15,723,254,984.00                         15,935,152,733.00




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2) Withdrawal of Bad Debt Provision

                                                                                                                              Unit: RMB

                                              Phase I                 Phase II                   Phase III

                                                                Expected credit losses
                                                                                         Expected credit losses for
    Provision for impairment         Expected credit losses in for the whole existence                                      Total
                                                                                         the whole existence period
                                         the next 12 months       period (no credit
                                                                                          (with credit impairment)
                                                                    impairment)

Balance of 1 January 2021                                0.00                     0.00               49,939,652.00       49,939,652.00

Balance of 1 January 2021 in the
                                               ——                     ——                       ——                     ——
current period

--Transferred to the Phase II                            0.00                     0.00                         0.00                 0.00

-Transfer to Third stage                                 0.00                     0.00                         0.00                 0.00

-Reverse to Second stage                                 0.00                     0.00                         0.00                 0.00

-Reverse to First stage                                  0.00                     0.00                         0.00                 0.00

Withdrawal of the current period                         0.00                     0.00                1,739,435.00         1,739,435.00

Reversal of the current period                           0.00                     0.00                         0.00                 0.00

Write-offs of the current period                         0.00                     0.00                         0.00                 0.00

Verification of the current period                       0.00                     0.00                         0.00                 0.00

Other changes                                            0.00                     0.00                         0.00                 0.00

Balance of 30 June 2021                                  0.00                     0.00               51,679,087.00       51,679,087.00

Changes of carrying amount with significant amount changed of loss provision in the current period
□ Applicable √ Not applicable
Disclosed by aging
                                                                                                                              Unit: RMB

                                Ageing                                                       Ending balance

Within 1 year (including 1 year)                                                                                     10,596,317,268.00

1 to 2 years                                                                                                           5,021,719,335.00

2 to 3 years                                                                                                             47,500,949.00

Over 3 years                                                                                                             57,717,432.00

  3 to 4 years                                                                                                             6,928,384.00

  4 to 5 years                                                                                                             9,329,305.00

  More than 5 years                                                                                                      41,459,743.00

Total                                                                                                                 15,723,254,984.00




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3) Bad Debt Provision Withdrawn, Reversed or Recovered in the Reporting Period

Information of withdrawal of bad debt provision:
                                                                                                                                       Unit: RMB

                                                                        Changes in the Reporting Period
         Category             Beginning balance                             Reversal or                                          Ending balance
                                                        Withdrawal                             Write-off             Others
                                                                             recovery

Bad debt provisions for
                                      49,939,652.00      1,739,435.00                  0.00               0.00           0.00 51,679,087.00
other receivables

Total                                 49,939,652.00      1,739,435.00                  0.00               0.00           0.00 51,679,087.00
N/A
Of which bad debt provision reversed or recovered with significant amount:
                                                                                                                                       Unit: RMB

                 Subsidiary                            Amount reversed or recovered                              Way of recovery

N/A
N/A


4) Other Accounts Receivable with Actual Verification during the Reporting Period

                                                                                                                                       Unit: RMB

                                   Item                                                              Amount verified

N/A

Of which the verification of significant other accounts receivable:
                                                                                                                                       Unit: RMB

                                                                                                      Verification        Whether generated
                                                                             Reason for
        Subsidiary                 Nature           Amount verified                                    procedures             from connected
                                                                             verification
                                                                                                       performed                transactions

N/A

Notes of verification of other receivables:
N/A


5) Top 5 Other Accounts Receivable in Ending Balance Collected according to the Arrears Party

                                                                                                                                       Unit: RMB

                                                                                                          Proportion to the      Ending balance
   Subsidiary            Nature             Ending balance                    Ageing                    total ending balance       of bad debt
                                                                                                        of other receivables       provisions

                     Transaction                               Within 1 year, 1 to 2 years, 2 to 3
Customer A                                  5,160,796,365.00                                                           32.81%                  0.00
                     amount                                    years, 3 to 4 fours, and more than 5



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                                                         years

                Transaction
Customer B                            3,246,960,246.00 Within 1 year and 1 to 2 years                 20.64%             0.00
                amount

                Transaction                              Within 1 year, 1 to 2 years, and 2 to
Customer C                            2,100,738,055.00                                                13.35%             0.00
                amount                                   3 years

                Transaction
Customer D                            1,973,226,134.00 Within 1 year and 1 to 2 years                 12.54%             0.00
                amount

                Transaction                              Within 1 year, 1 to 2 years, 2 to 3
Customer E                            1,878,543,646.00                                                11.94%             0.00
                amount                                   years, and 3 to 4 fours

Total                    --          14,360,264,446.00                     --                         91.28%             0.00


6) Accounts Receivable Involving Government Grants

                                                                                                                    Unit: RMB

                              Project of government                                                   Estimated recovering
        Subsidiary                                        Ending balance               Ending aging
                                     grants                                                           time, amount and basis

N/A


7) Other Accounts Receivable Derecognized Due to the Transfer of Financial Assets

N/A


8) Amount of Assets and Liabilities Due to the Transfer of Other Account Receivable and Continued
Involvement

N/A
Other notes:
N/A




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       3. Long-term Equity Investment

                                                                                                                                                                                              Unit: RMB

                                                                   Ending balance                                                                       Beginning balance
                     Item
                                           Book value          Provision for impairment       Carrying amounts                  Book value           Provision for impairment        Carrying amounts

       Investment to subsidiaries      192,210,766,946.00                  92,000,000.00            192,118,766,946.00          179,426,966,866.00              92,000,000.00          179,334,966,866.00

       Investment to joint
       ventures and associated              2,432,896,678.00                        0.00              2,432,896,678.00            2,800,090,342.00                       0.00            2,800,090,342.00
       enterprises

       Total                           194,643,663,624.00                  92,000,000.00            194,551,663,624.00          182,227,057,208.00              92,000,000.00          182,135,057,208.00


       (1) Investment to Subsidiaries

                                                                                                                                                                                              Unit: RMB

                                                                                                            Increase/decrease                                                          Ending balance for
                                                  Beginning balance                                                                                               Ending balance
                     Investee                                                  Additional                Reduced          Impairment                                                       impairment
                                                   (carrying value)                                                                            Others             (carrying value)
                                                                               investments             investments        provisions                                                       provisions

BOE Semi-conductor Co., Ltd.                               9,450,000.00                      0.00                  0.00             0.00                 0.00           9,450,000.00                    0.00

Beijing Yinghe Century Co., Ltd.                         333,275,229.00                      0.00                  0.00             0.00        4,280,334.00         337,555,563.00                     0.00

Beijing BOE Land Co., Ltd.                                 7,752,973.00                      0.00                  0.00             0.00         386,970.00             8,139,943.00                    0.00

BOE (Heibei) Mobile Display Technology Co.,
                                                        1,353,691,563.00                     0.00                  0.00             0.00         729,758.00         1,354,421,321.00                    0.00
Ltd.

BOE Hyundai LCD (Beijing) Display
                                                          31,181,960.00                      0.00                  0.00             0.00        2,581,776.00           33,763,736.00                    0.00
Technology Co., Ltd.

Beijing BOE Vacuum Electronics Co., Ltd.                  19,258,410.00                      0.00                  0.00             0.00         151,374.00            19,409,784.00                    0.00

                                                                                                                                                                                                        254
                                                           BOE Technology Group Co., Ltd.                                                Interim Report 2021

Beijing BOE Vacuum Technology Co., Ltd.                     0.00               0.00         0.00   0.00           0.00                0.00     32,000,000.00

Beijing BOE Optoelectronics Technology Co.,
                                                 4,172,973,427.00              0.00         0.00   0.00   12,336,288.00    4,185,309,715.00             0.00
Ltd.

Beijing Smart Aero Display Technology Co.,
                                                    40,113,695.00              0.00         0.00   0.00    2,046,510.00      42,160,205.00     60,000,000.00
Ltd.

BOE Optical Science and technology Co., Ltd.      659,042,674.00               0.00         0.00   0.00    1,453,644.00     660,496,318.00              0.00

Beijing BOE Marketing Co., Ltd.                    30,513,199.00               0.00         0.00   0.00     237,588.00       30,750,787.00              0.00

Chengdu BOE Optoelectronics Technology Co.,
                                                25,004,494,319.00              0.00         0.00   0.00   24,198,030.00   25,028,692,349.00             0.00
Ltd.

BOE (Korea) Co., Ltd.                                 873,317.00               0.00         0.00   0.00    1,527,638.00        2,400,955.00             0.00

BOE Optoelectronics Holdings Co., Ltd.           3,211,961,538.00              0.00         0.00   0.00           0.00     3,211,961,538.00             0.00

Beijing BOE Display Technology Co., Ltd.        17,421,341,981.00              0.00         0.00   0.00   47,310,882.00   17,468,652,863.00             0.00

Beijing BOE Energy Technology Co., Ltd.           850,110,069.00               0.00         0.00   0.00    1,981,242.00     852,091,311.00              0.00

Beijing BOE Multimedia Technology Co., Ltd.       400,000,000.00               0.00         0.00   0.00           0.00      400,000,000.00              0.00

Hefei BOE Optoelectronics Technology Co.,
                                                 9,000,846,416.00              0.00         0.00   0.00   15,235,488.00    9,016,081,904.00             0.00
Ltd.

BeijingMatsushita Color CRT Co., Ltd.                  64,903.00               0.00         0.00   0.00    1,168,200.00        1,233,103.00             0.00

Beijing BOE Video Technology Co., Ltd.
                                                 4,093,536,288.00              0.00         0.00   0.00     653,196.00     4,094,189,484.00             0.00
(“BOE Video”)

Beijing BOE Life Technology Co., Ltd.              10,000,000.00               0.00         0.00   0.00           0.00       10,000,000.00              0.00

Beijing Zhongxiangying Technologies Co., Ltd.      50,014,864.00               0.00         0.00   0.00     267,552.00       50,282,416.00              0.00

Ordos Yuansheng Optoelectronics Co., Ltd.       11,804,123,592.00              0.00         0.00   0.00    2,224,656.00   11,806,348,248.00             0.00

Hefei Xinsheng Optoelectronics Technology
                                                20,084,018,610.00              0.00         0.00   0.00   18,709,254.00   20,102,727,864.00             0.00
Co., Ltd.

Chongqing BOE Optoelectronics Technology        19,565,866,421.00              0.00         0.00   0.00    9,212,790.00   19,575,079,211.00             0.00
                                                                                                                                                        255
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Co., Ltd.

Hefei BOE Display Technology Co., Ltd.        1,999,338,939.00               0.00             0.00   0.00   10,324,710.00    2,009,663,649.00             0.00

Fuzhou BOE Optoelectronics Technology Co.,
                                             14,300,602,919.00     150,000,000.00             0.00   0.00   10,095,108.00   14,460,698,027.00             0.00
Ltd.

BOE Healthcare Investment & Management
                                              6,093,167,584.00     480,000,000.00             0.00   0.00     243,252.00     6,573,410,836.00             0.00
Co., Ltd.

BOE Wisdom IOT Technology Co., Ltd.
                                               142,344,796.00                0.00   142,000,000.00   0.00    6,206,322.00        6,551,118.00             0.00
(“Wisdom IOT Technology”)

Hefei BOE Zhuoyin Technology Co., Ltd.         600,066,764.00                0.00             0.00   0.00    1,201,800.00     601,268,564.00              0.00

Beijing BOE Technology Development Co.,
                                                  1,018,591.00               0.00             0.00   0.00     334,644.00         1,353,235.00             0.00
Ltd.

Yunnan Chuangshijie Optoelectronic
                                              1,290,918,433.00     109,820,000.00             0.00   0.00    1,591,794.00    1,402,330,227.00             0.00
Technology Co., Ltd.

Beijing BOE Sensing Technology Co., Ltd.        50,348,624.00       41,000,000.00             0.00   0.00    6,275,334.00      97,623,958.00              0.00

Mianyang BOE Optoelectronics Technology
                                             15,977,360,915.00   6,339,085,322.00             0.00   0.00    6,854,838.00   22,323,301,075.00             0.00
Co., Ltd.

Wuhan BOE Optoelectronics Co., Ltd.           5,998,882,896.00               0.00             0.00   0.00    5,982,846.00    6,004,865,742.00             0.00

Chongqing BOE Display Technology Co., Ltd.    3,958,981,997.00   2,085,566,000.00             0.00   0.00    3,431,220.00    6,047,979,217.00             0.00

Fuzhou BOE Display Technology Co., Ltd.         21,748,591.00                0.00             0.00   0.00     334,644.00       22,083,235.00              0.00

Hefei BOE Xingyu Technology Co., Ltd.          219,197,471.00                0.00             0.00   0.00    1,052,448.00     220,249,919.00              0.00

BOE Innovation Investment Co., Ltd.            440,000,000.00      757,000,000.00             0.00   0.00           0.00     1,197,000,000.00             0.00

BOE Education Technology Co., Ltd.              25,073,981.00                0.00             0.00   0.00    1,331,616.00      26,405,597.00              0.00

BOE Smart Technology Co., Ltd.                1,440,000,000.00     222,000,000.00             0.00   0.00           0.00     1,662,000,000.00             0.00

Nanjing BOE Display Technology Co., Ltd.      5,591,221,400.00               0.00             0.00   0.00           0.00     5,591,221,400.00             0.00

Chengdu CEC Panda Display Technology Co.,     3,020,000,000.00   2,265,000,000.00             0.00   0.00           0.00     5,285,000,000.00             0.00

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Ltd.

Oriental Chengqi (Beijing) Business
                                                             8,000,000.00                     0.00               0.00              0.00             0.00         8,000,000.00             0.00
Technology Co., Ltd.

BOE Jingxin Technology Co., Ltd.                                      0.00         235,000,000.00                0.00              0.00             0.00      235,000,000.00              0.00

Others                                                       2,187,517.00                     0.00               0.00              0.00    39,375,012.00       41,562,529.00              0.00

Total                                                  179,334,966,866.00      12,684,471,322.00      142,000,000.00               0.00   241,328,758.00   192,118,766,946.00    92,000,000.00
         All the others are the equityincentive payments used to pay to the sub-subsidiaries of each subsidiary ofthe BOE Group.




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(2) Investment to Joint Ventures and Associated Enterprises

                                                                                                                                                                                         Unit: RMB

                                                                                           Increase/decrease

                                                                      Profit and loss on                                                                                                  Ending
                         Beginning                                                         Adjustment of                       Declared
                                                                        investments                                                                                  Ending balance      balance for
   The investor       balance (carrying Additional     Reduced                                 other          Other equity   distribution of Impairment
                                                                         confirmed                                                                          Others   (carrying value)    impairment
                           value)       investments   investments                          comprehensive movements           cash dividends    provisions
                                                                        according to                                                                                                     provisions
                                                                                              income                           or profits
                                                                         equity law

I. Joint ventures

N/A

II. Associated enterprises

Beijing Nissin
Electronics
Precision                    263,858.00        0.00            0.00          938,625.00                0.00           0.00              0.00         0.00     0.00        1,202,483.00         0.00
Component Co.,
Ltd.

Beijing Nittan
Electronic Co.,         71,396,821.00          0.00            0.00        4,753,636.00                0.00           0.00              0.00         0.00     0.00       76,150,457.00         0.00
Ltd.

Beijing Infi-Hailin
Venture
                          1,166,524.00         0.00            0.00         -830,360.00                0.00           0.00              0.00         0.00     0.00          336,164.00         0.00
Investment Co.,
Ltd.

Erdos BOE
Energy                    8,163,137.00         0.00            0.00         -332,005.00                0.00           0.00              0.00         0.00     0.00        7,831,132.00         0.00
Investment Co.,
                                                                                                                                                                                                258
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Ltd.

Beijing Fly Hailin
Investment Center               0.00    0.00           0.00                          0.00         0.00           0.00    0.00   0.00              0.00       0.00
(LLP)

TPV Display
Technology             24,828,264.00    0.00           0.00   2,014,621.00           0.00         0.00           0.00    0.00   0.00     26,842,885.00       0.00
(China) Limited

Beijing
XindongNeng
                     2,058,142,325.00   0.00 319,214,968.00   6,750,375.00 -66,822,001.00         0.00   -2,000,000.00   0.00   0.00   1,676,855,731.00      0.00
Investment Fund
(LLP)

Beijing
Xindongneng
Investment              7,921,626.00    0.00           0.00   1,852,544.00           0.00         0.00           0.00    0.00   0.00      9,774,170.00       0.00
Management Co.,
Ltd.

Shenzhen
Yunyinggu
                       21,910,887.00    0.00           0.00   -3,337,280.00   -134,514.00 1,152,357.00           0.00    0.00   0.00     19,591,450.00       0.00
Technology Co.,
Ltd.

Beijing Xloong
Technologies Co.,      19,766,940.00    0.00           0.00     123,032.00           0.00   773,082.00           0.00    0.00   0.00     20,663,054.00       0.00
Ltd.

Beijing
Innovation
Industry              204,063,254.00    0.00           0.00     997,328.00           0.00         0.00           0.00    0.00   0.00    205,060,582.00       0.00
Investment Co.,
Ltd.

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Beijing Electric
Control Industry
                     200,283,114.00         0.00            0.00     809,487.00    2,642,278.00         0.00           0.00    0.00   0.00    203,734,879.00       0.00
Investment Co.,
Ltd.

Hunan BOE
Yiyun Science &
                     182,183,592.00         0.00            0.00    1,368,215.00           0.00         0.00           0.00    0.00   0.00    183,551,807.00       0.00
Technology Co.,
Ltd.

Guoke BOE
(Shanghai) Equity
Investment                     0.00 2,571,400.00            0.00   -1,269,516.00           0.00         0.00           0.00    0.00   0.00      1,301,884.00       0.00
Management Co.,
Ltd.

Sub-total           2,800,090,342.00 2,571,400.00 319,214,968.00   13,838,702.00 -64,314,237.00 1,925,439.00   -2,000,000.00   0.00   0.00   2,432,896,678.00      0.00

Total               2,800,090,342.00 2,571,400.00 319,214,968.00   13,838,702.00 -64,314,237.00 1,925,439.00   -2,000,000.00   0.00   0.00   2,432,896,678.00      0.00




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(3) Other Notes

N/A


4. Operating Revenue and Cost of Sales

                                                                                                                             Unit: RMB

                                              Reporting Period                                 Same period of last year
            Item
                                     Income                      Cost                     Income                      Cost

Principal activities               3,046,433,371.00                3,174,980.00          1,279,370,090.00                 4,782,548.00

Other operating activities            10,053,772.00                2,565,504.00              10,513,236.00                2,843,786.00

Total                              3,056,487,143.00                5,740,484.00          1,289,883,326.00                 7,626,334.00

Relevant information of revenue
                                                                                                                             Unit: RMB

  Category of contracts           Segment 1                   Segment 2                                              Total

Types of products                                 0.00                      0.00                                                 0.00

  Of which:

By operating places                               0.00                      0.00                                                 0.00

  Of which:

By types of market or
                                                  0.00                      0.00                                                 0.00
customers

  Of which:

Types of contracts                                0.00                      0.00                                                 0.00

  Of which:

By the time of
                                                  0.00                      0.00                                                 0.00
transferring goods

  Of which:

By contract term                                  0.00                      0.00                                                 0.00

  Of which:

By marketing channel                              0.00                      0.00                                                 0.00

  Of which:

Total                                             0.00                      0.00                                                 0.00

Information related to performance obligations:
Generally, the Group undertakes the contract performance obligations of providing customers with commodity sales and services.
For commodity sales obligation, if sales return terms are provided, the recognition of revenue should be capped at the cumulative
recognized revenue that will probably not be reversed; for contract performance obligation fulfilled in a time period, the revenue
should be recognized according to the progress towards contract completion; for quality assurance provided for customers, as it is
generally guaranteed quality assurance, it is not treated as an individual contract performance obligation.

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BOE Technology Group Co., Ltd.                                                                                 Interim Report 2021


Information related to transaction value assigned to residual performance obligations:
The amount of revenue corresponding to performance obligations of contracts signed but not performed or not fully performed yet
was RMB0.00 at the period-end, among which RMB0.00 was expected to be recognized in 0 year, RMB0.00 in 0 year and RMB0.00
in 0 year.
Other notes:
N/A


5. Investment Income

                                                                                                                            Unit: RMB

                                                                                                              Same period of last
                                    Item                                            Reporting Period
                                                                                                                     year

Income from long-term equity investments accounted for using cost method                 1,680,000,000.00          850,000,000.00

Income from long-term equity investments accounted for using equity
                                                                                           13,838,703.00            -11,034,399.00
method

Investment income from disposal of long-term equity investments                                        0.00                     0.00

Investment income arising from holding of trading financial assets                                     0.00                     0.00

Investment income from disposal of financial assets held for trading                                   0.00                     0.00

Dividend income received from holding of other equity instrument
                                                                                             3,554,579.00             1,842,132.00
investment

Gain from remeasurement of remaining equity interests to fair value upon the
                                                                                                       0.00                     0.00
loss of control

Interest income of investment in debt obligations during holding period                                0.00                     0.00

Interest income of investment in other debt obligations during holding period                          0.00                     0.00

Investment income from disposal of investment in other debt obligations                                0.00                     0.00

Total                                                                                    1,697,393,282.00          840,807,733.00


6. Other

N/A


XVIII Supplementary Materials

1. Items and Amounts of Non-recurring Profit or Loss

√ Applicable □ Not applicable
                                                                                                                            Unit: RMB

                                        Item                                                   Amount                   Note

Gains/losses on the disposal of non-current assets                                                147,769,658.00 N/A



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BOE Technology Group Co., Ltd.                                                                       Interim Report 2021


Tax rebates, reductions and exemptions given with ultra vires approval or in lack of
                                                                                                    0.00 N/A
official approval documents

Government subsidies charged to current profit or loss (exclusive of government
subsidies given in the Company’s ordinary course of business at fixed quotas or         1,125,750,664.00 N/A
amounts as per the government’s uniform standards)

Capital occupation charges on non-financial enterprises that are charged to current
                                                                                                    0.00 N/A
profit or loss

Gain equal to the amount by which investment costs for the Company to obtain
subsidiaries, associates and joint ventures are lower than the Company’s enjoyable                 0.00 N/A
fair value of identifiable net assets of investees when making investments

Gain or loss on non-monetary asset swaps                                                            0.00 N/A

Gain or loss on assets entrusted to other entities for investment or management                     0.00 N/A

Allowance for asset impairments due to acts of God such as natural disasters                        0.00 N/A

Gain or loss on debt restructuring                                                                  0.00 N/A

Restructuring costs in staff arrangement, integration, etc.                                         0.00 N/A

Gain or loss on the over-fair value amount as a result of transactions with distinctly
                                                                                                    0.00 N/A
unfair prices

Current profit or loss on subsidiaries obtained in business combinations involving
enterprises under common control from the period-beginning to combination dates,                    0.00 N/A
net

Gain or loss on contingencies that do not arise in the Company’s ordinary course of
                                                                                                    0.00 N/A
business

Gain or loss on fair-value changes in held-for-trading and derivative financial assets
and liabilities & income from disposal of held-for-trading and derivative financial
                                                                                           46,230,279.00 N/A
assets and liabilities and other investments in debt obligations (exclusive of the
effective portion of hedges that arise in the Company’s ordinary course of business)

Reversed portions of impairment allowances for accounts receivable and contract
                                                                                           12,706,456.00 N/A
assets which are tested individually for impairment

Gain or loss on loan entrustments                                                                   0.00 N/A

Gain or loss on fair-value changes in investment property of which subsequent
                                                                                                    0.00 N/A
measurement is carried out using the fair value method

Effects of all adjustments required by taxation, accounting and other applicable laws
                                                                                                    0.00 N/A
and regulations on current profit or loss

Income from charges on entrusted management                                                         0.00 N/A

Other non-operating income and expenses besides items above                                28,677,012.00 N/A

Other items qualified as extraordinary gain and loss                                                0.00 N/A

Less: Income tax effects                                                                  124,486,027.00 N/A

      Non-controlling interests effects                                                   136,239,846.00 N/A


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BOE Technology Group Co., Ltd.                                                                                   Interim Report 2021


Total                                                                                               1,100,408,196.00        --

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—Non-recurring Profit or
Loss, or classifies any extraordinary gain/loss item mentioned in the said explanatory announcement as a recurrent gain/loss item.
□ Applicable √ Not applicable


2. Return on Equity and Earnings Per Share


                                                                                                   EPS (Yuan/share)
                                                            Weighted average
               Profit as of Reporting Period                                       Basic earnings per share   Diluted earnings per
                                                            return on net assets
                                                                                        (RMB/share)           share (RMB/share)

Net profit attributable to the Company’s ordinary equity
                                                                        13.40%                        0.363                      0.363
shareholders

Net profit excluding extraordinary gain and loss
attributable to the Company’s ordinary equity                          12.22%                        0.331                      0.331
shareholders


3. Other

N/A




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