[三季报]京东方Ｂ:2021年第三季度报告（英文版）
原标题:京东方Ｂ:2021年第三季度报告（英文版） Stock Code: 000725 Stock Name: BOE-A Announcement No. 2021-088 Stock Code: 200725 Stock Name: BOE-B Announcement No. 2021-088 BOE TECHNOLOGY GROUP CO., LTD. THIRD QUARTERLY REPORT 2021 BOE Technology Group Co., Ltd. (hereinafter referred to as the“Company”) and all the members of the Company’s Board of Directors hereby guarantee that the contents of this Report are true, accurate and complete and free of any misrepresentations, misleading statements or material omissions. Important Notes: 1. The Board of Directors, the Supervisory Committee as well as the directors, supervisors and senior management of the Company hereby guarantee that the contents of this Report are true, accurate and complete and free of any misrepresentations, misleading statements or material omissions, and collectively and individually accept legal responsibility for such contents. 2. Mr. Chen Yanshun, the Company’s legal representative, Mr. Liu Xiaodong, president of the Company’s Execution Committee(Chief Executive Officer), Ms. Sun Yun, the Company’s Chief Financial Officer, and Ms. Yang Xiaoping, head of the Company’s financial department (equivalent to financial manager) hereby guarantee that the Financial Statements carried in this Report are factual, accurate and complete. 3. This Report has been prepared in both Chinese and English. Should there be any discrepancies or misunderstandings between the two versions, the Chinese version shall prevail. 4. Indicate whether the financial statements in this Report have been audited by an independent auditor. □Yes √ No I Key Financial Information (I) Key Accounting Data and Financial Indicators Indicate by tick mark whether there is any retrospectively restated datum in the table below. √ Yes □ No Reason for any retrospectively adjustment or restatement Other reasons Item Q3 2021 Q3 2020 YoY change (%) Q1-Q3 2021 Q1-Q3 2020 YoY change (%) Before After After Before After After Operating revenue (RMB) 55,993,022,701.00 40,820,898,656.00 38,149,823,526.00 46.77% 163,278,349,727.00 101,687,972,162.00 94,901,152,591.00 72.05% Net profit attributable to the listed company’s shareholders (RMB) 7,253,390,635.00 1,340,387,777.00 1,340,387,777.00 441.14% 20,015,415,603.00 2,475,838,102.00 2,475,838,102.00 708.43% Net profit attributable to the listed company’s shareholders before exceptional items (RMB) 6,937,108,280.00 1,064,128,213.00 1,064,128,213.00 551.91% 18,598,725,052.00 887,799,628.00 887,799,628.00 1,994.92% Net cash generated from/used in operating activities (RMB) —— —— —— —— 44,751,381,483.00 23,468,514,408.00 23,468,514,408.00 90.69% Basic earnings per share (RMB/share) 0.197 0.035 0.035 462.86% 0.560 0.061 0.061 818.03% Diluted earnings per share (RMB/share) 0.197 0.035 0.035 462.86% 0.559 0.061 0.061 816.39% Weighted average return on equity (%) 6.56% 1.37% 1.37% 5.19% 19.76% 2.42% 2.42% 17.34% Item 30 September 2021 31 December 2020 YoY change (%) Before After After Total assets (RMB) 453,872,086,509.00 424,256,806,331.00 424,256,806,331.00 6.98% Equity attributable to the listed company’s shareholders (RMB) 138,926,744,163.00 103,276,766,835.00 103,276,766,835.00 34.52% Reason for any retrospectively adjustment or restatement Last year quarterly operating revenue was restated according to the audited data, which had no impact on other financial indicators. (II) Exceptional Gains and Losses √ Applicable □ Not applicable Unit: RMB Item Q3 2021 Q1-Q3 2021 Note Gain or loss on disposal of non-current assets (inclusive of impairment allowance write-offs) 32,198,996.00 179,968,654.00 N/A Tax rebates, reductions and exemptions with ultra vires approval or in lack of duly approved document 0.00 0.00 N/A Government grants through profit or loss (exclusive of government grants continuously given in the Company’s ordinary course of business at fixed quotas or amounts as per the government’s policies and standards) 400,483,548.00 1,526,234,212.00 N/A Capital occupation charges on non-financial enterprises that are charged to current gains and losses 0.00 0.00 N/A Income 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 assets of investees when making investments 0.00 0.00 N/A Gains and losses on non-monetary asset swap 0.00 0.00 N/A Gains and losses on investment or asset management entrustments to other entities 0.00 0.00 N/A Allowance for asset impairments due to acts of God such as natural disasters 0.00 0.00 N/A Gains and losses on debt restructuring 0.00 0.00 N/A Restructuring costs in staff arrangement, integration, etc. 0.00 0.00 N/A Gains and losses on over-fair value amount as a result of transactions with distinctly unfair prices 0.00 0.00 N/A Current gains and losses on subsidiaries acquired through business mergers under same control from period-beginning to merger dates, net 0.00 0.00 N/A Gains and losses on contingencies that do not arise in the Company’s ordinary course of business 0.00 0.00 N/A Gain or loss on fair-value changes in held-for-trading financial assets and liabilities & investment income from disposal of held-for-trading financial assets and liabilities, and available-for-sale financial assets (exclusive of effective portion of hedges that arise in the Company’s ordinary course of business) 30,040,094.00 76,270,373.00 N/A Reversed portion of impairment allowance for accounts receivable which are tested individually for impairment 1,892,413.00 14,598,869.00 N/A Gains and losses on loan entrustment 0.00 0.00 N/A Gains and losses on fair value changes in investment property of which subsequent measurement is carried out using fair value method 0.00 0.00 N/A Effects of all adjustments required by taxation, accounting and other applicable laws and regulations on current gains and losses 0.00 0.00 N/A Income from charges on entrusted management 0.00 0.00 N/A Non-operating income and expense other than above 0.00 0.00 N/A Other gains and losses that meet definition of nonrecurring gain/loss 21,962,349.00 50,639,361.00 N/A Less: Income tax effects 43,915,742.00 168,401,769.00 N/A Non-controlling interests effects (net of tax) 126,379,303.00 262,619,149.00 N/A Total 316,282,355.00 1,416,690,551.00 -- Other items that meet the definition of exceptional gain/loss: □ Applicable √ Not applicable No such cases in the Reporting Period. Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item 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 in the Reporting Period. (III) Changes in Key Financial Statement Line Items and Explanation of why √ Applicable □ Not applicable 1. Operating revenue rose 72% during Q1-Q3 2021 compared to Q1-Q3 2020, primarily driven by the rising prices of primary products in the continuously thriving industry, the release of new production capacity, and changes to the consolidation scope in the current period. 2. Cost of sales rose 43% during Q1-Q3 2021 compared to Q1-Q3 2020, primarily driven by the expanding operating revenue. 3. Selling expense rose 38% during Q1-Q3 2021 compared to Q1-Q3 2020, primarily driven by the expanding operating revenue. 4. Administrative expense rose 37% during Q1-Q3 2021 compared to Q1-Q3 2020, primarily driven by the expanding operating revenue. 5. R&D expense rose 55% during Q1-Q3 2021 compared to Q1-Q3 2020, primarily driven by greater R&D investments. 6. Finance costs rose 42% during Q1-Q3 2021 compared to Q1-Q3 2020, primarily driven by the new projects were transferred into operation, and changes to the consolidation scope in the current period. 7. Asset impairment loss rose 87% during Q1-Q3 2021 compared to Q1-Q3 2020, primarily driven by a decrease in the inventory valuation allowance according to the lower of cost and net realizable value in the current period. 8. Income tax expense rose 325% during Q1-Q3 2021 compared to Q1-Q3 2020, primarily driven by an increase in earnings. 9. Accounts receivable as at 30 September 2021 rose 54% compared to 31 December 2020, primarily driven by an increase in amounts due from customers with expanding operating revenue in the current period. 10. Inventories as at 30 September 2021 rose 60% compared to 31 December 2020, primarily driven by expanding operating revenue and the mass production in respect of new project in the current period. 11. Net cash generated from operating activities rose 91% during Q1-Q3 2021 compared to Q1-Q3 2020, primarily driven by an increase in operating profit with a larger business size. 12. Net cash generated from financing activities declined 142% during Q1-Q3 2021 compared to Q1-Q3 2020, primarily driven by an increase in expenditures on repurchase of non-controlling interests. II Shareholder Information (I) Numbers of Ordinary Shareholders and Preference Shareholders with Resumed Voting Rights as well as Holdings of Top 10 Shareholders Unit: share Number of ordinary shareholders 1,607,648 (including 1,569,497 A-shareholders and 38,151 B-shareholders) Top 10 shareholders Name of shareholder Nature of shareholder Shareholding percentage Total shares held Restricted shares Shares in pledge, marked or frozen Status Shares Beijing State-owned Capital Operation and Management Company Limited State-owned legal person 10.57% 4,063,333,333 0 N/A 0 Hong Kong Securities Clearing Company Ltd. Foreign legal person 3.47% 1,333,826,535 0 N/A 0 Beijing BOE Investment & Development Co., Ltd. State-owned legal person 2.14% 822,092,180 0 N/A 0 Beijing Jing Guorui Soe Reform and Development Fund (L.P.) Other 1.87% 718,132,854 718,132,854 N/A 0 Hefei Jianxiang Investment Co., Ltd. State-owned legal person 1.73% 666,195,772 0 N/A 0 Fuqing Huirong Venture Capital Co., Ltd. Other 1.40% 538,599,640 538,599,640 N/A 0 China Construction Bank-GF Technology Pioneer Mixed Type Securities Investment Fund Other 0.85% 327,197,639 0 N/A 0 Chongqing Ezcapital Opto-electronic Industry Investment Co., Ltd. State-owned legal person 0.85% 326,229,746 0 N/A 0 Sinatay Life Insurance Co., Ltd.-Traditional Product Other 0.79% 305,330,128 89,766,606 N/A 0 Beijing Electronics Holdings Co., Ltd. State-owned legal person 0.71% 273,735,583 0 N/A 0 Top 10 unrestricted shareholders Name of shareholder Unrestricted ordinary shares held Shares by class Class Shares Beijing State-owned Capital Operation and Management Company Limited 4,063,333,333 RMB-denominated ordinary share 4,063,333,333 Hong Kong Securities Clearing Company Ltd. 1,333,826,535 RMB-denominated ordinary share 1,333,826,535 Beijing BOE Investment & Development Co., Ltd. 822,092,180 RMB-denominated ordinary share 822,092,180 Hefei Jianxiang Investment Co., Ltd. 666,195,772 RMB-denominated ordinary share 666,195,772 China Construction Bank-GF Technology Pioneer Mixed Type Securities Investment Fund 327,197,639 RMB-denominated ordinary share 327,197,639 Chongqing Ezcapital Opto-electronic Industry Investment Co., Ltd. 326,229,746 RMB-denominated ordinary share 326,229,746 Beijing Electronics Holdings Co., Ltd. 273,735,583 RMB-denominated ordinary share 273,735,583 Noregs Bank-Self-Owned Fund 247,828,253 RMB-denominated ordinary share 247,828,253 Industrial and Commercial Bank of China-GF Double Engines Upgrade Mixed Type Securities Investment Fund 215,603,137 RMB-denominated ordinary share 215,603,137 Sinatay Life Insurance Co., Ltd.-Traditional Product 215,563,522 RMB-denominated ordinary share 215,563,522 Related or acting-in-concert parties among the shareholders above 1. Beijing State-owned Capital Operation and Management Company Limited 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-electronic Industry 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. 4. After the non-public issuing of the Company in 2014, Beijing State-owned Capital Operation and Management Company Limited 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. During the non-public issuing of the Company in 2021, Beijing Jing Guorui Soe Reform and Development Fund (L.P.) signed the Acting-in-Concert Agreement with Beijing Electronics Holdings Co., Ltd. 6. Beijing State-owned Capital Operation and Management Company Limited indirectly held 100% equities of Beijing Jingguorui Investment Management Co., Ltd. and directly held 77.5918% shares of Beijing Jing Guorui Soe Reform and Development Fund (L.P.); Beijing Jingguorui Investment Management Co., Ltd. is the general partner of Beijing Jing Guorui Soe Reform and Development Fund (L.P.). In addition, among the nine members of the Investment Decision-Making Committee of Beijing Jing Guorui Soe Reform and Development Fund (L.P.), three are nominated by Beijing State-owned Capital Operation and Management Company Limited. 7. 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 securities margin trading (if any) N/A Note: Beijing State-owned Capital Operation and Management Center was renamed Beijing State-owned Capital Operation and Management Company Limited (II) Number of Preference Shareholders and Shareholdings of Top 10 of Them □ Applicable √ Not applicable III 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: 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 2021 "19BOEY1" Interest Payment Announcement (Announcement No. 2021-085) on 26 October 2021. BOE Public Issuance of Renewable Corporate Bonds (to Qualified Investors) (the First Issue) in 2019, which was issued on 28 October 2019, was two years old until 28 October 2021. 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. 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 Technology (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 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 execution. 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 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 31 August 2021, the Company disclosed the Announcement No. 2021-060 on the Resolutions of the 31st Meeting of the 9th Board of Directors, the Announcement No. 2021-066 on the Grant of Share Options to Awardees of Reserved Share Options under the 2020 Share Option and Restricted Share Incentive Plan, and other related announcements. According to the 2020 Share Option and Restricted Share Incentive Plan (Draft) of BOE Technology Group Co., Ltd., 33,000,000 share options would be granted to 110 awardees on 27 August 2021 for the conditions for the grant of the reserved share options under this plan had been met. On 23rd October 2021, the Company disclosed the Announcement No. 2021-084 on the Transfer of the Ownership of the Reserved Share Options under the 2020 Share Option and Restricted Share Incentive Plan. The reserved share options (code: 037179, name: 东方 JLC2) were transferred on 22nd October 2021. 5. Following the approval of the Proposal on the Repurchase of Some Public Shares at the 31st Meeting of the 9th Board of Directors, the Company disclosed the Announcement No. 2021-067 on the Repurchase of Some Public Shares on 31 August 2021. The Company carried out the first repurchase on 2 September 2021 and disclosed the Announcement No. 2021-077 on the First Repurchase of Some Public Shares on 3 September 2021. On 8 October 2021, the Company disclosed the Announcement No. 2021-082 on Progress of the Repurchase of Some Public Shares. As of 30 September 2021, the Company repurchased a total of 90,807,000 A-shares (approximately 0.242% of the Company’s total A-share capital and 0.236% of its total share capital) to the special securities account for repurchase by way of centralized bidding. With the highest price being RMB5.96/share and the lowest RMB5.80/share, the total payment for this repurchase amounted to RMB533,572,378.23 (exclusive of commissions and other fixed costs). The said repurchase was in compliance with applicable laws and regulations, as well as with the Company’s repurchase plan. Overview of significant event Disclosure date Disclosure website Announcement on Investing in Beijing YanDong MicroElectronic Co., Ltd. & the Related-party Transaction 31 August 2021 www.cninfo.com.cn Announcement on Investing in BOE IOT Mobile Display Port Base 31 August 2021 www.cninfo.com.cn IV Quarterly Financial Statements (I) Financial Statements 1. Consolidated Balance Sheet Prepared by BOE Technology Group Co., Ltd. Unit: RMB Item 30 September 2021 31 December 2020 Current assets: Monetary assets 85,678,588,828.00 73,694,296,095.00 Settlement reserve 0.00 0.00 Loans to other banks and financial institutions 0.00 0.00 Held-for-trading financial assets 6,007,251,971.00 4,367,201,833.00 Derivative financial assets 0.00 0.00 Notes receivable 364,390,139.00 215,994,373.00 Accounts receivable 35,298,481,365.00 22,969,140,355.00 Receivables financing 0.00 0.00 Prepayments 794,142,794.00 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 924,344,550.00 658,114,833.00 Including: Interest receivable 0.00 2,037,452.00 Dividends receivable 0.00 1,842,137.00 Financial assets purchased under resale agreements 0.00 0.00 Inventories 28,535,064,272.00 17,875,454,490.00 Contract assets 24,076,766.00 49,897,395.00 Assets held for sale 0.00 186,892,645.00 Current portion of non-current assets 99,547.00 0.00 Other current assets 5,880,445,939.00 7,848,869,252.00 Total current assets 163,506,886,171.00 128,985,457,255.00 Non-current assets: Loans and advances to customers 0.00 0.00 Debt investments 0.00 0.00 Other debt investments 0.00 0.00 Long-term receivables 0.00 0.00 Long-term equity investments 4,747,687,399.00 3,693,170,224.00 Investments in other equity instruments 522,747,633.00 533,645,423.00 Other non-current financial assets 606,895,447.00 0.00 Investment property 1,189,130,334.00 1,196,168,511.00 Fixed assets 225,754,494,704.00 224,866,586,069.00 Construction in progress 37,313,162,937.00 42,575,849,952.00 Productive living assets 0.00 0.00 Oil and gas assets 0.00 0.00 Right-of-use assets 681,056,141.00 0.00 Intangible assets 11,113,356,570.00 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 586,365,753.00 299,634,100.00 Deferred income tax assets 60,032,032.00 205,041,088.00 Other non-current assets 6,389,914,146.00 8,624,970,019.00 Total non-current assets 290,365,200,338.00 295,271,349,076.00 Total assets 453,872,086,509.00 424,256,806,331.00 Current liabilities: Short-term borrowings 4,519,561,978.00 8,599,569,471.00 Borrowings from the central bank 0.00 0.00 Loans from other banks and financial institutions 0.00 0.00 Held-for-trading financial liabilities 0.00 0.00 Derivative financial liabilities 0.00 0.00 Notes payable 571,554,573.00 1,231,533,895.00 Accounts payable 30,773,640,671.00 27,164,171,682.00 Advances from customers 224,100,746.00 124,040,749.00 Contract liabilities 3,699,458,480.00 3,440,720,535.00 Financial assets sold under repurchase agreements 0.00 0.00 Customer deposits and deposits from other banks and financial institutions 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 5,661,369,757.00 3,758,623,797.00 Taxes and levies payable 2,887,881,376.00 1,077,686,869.00 Other payables 27,075,363,770.00 32,867,709,024.00 Including: Interest payable 120,526.00 1,946,267.00 Dividends payable 6,531,028.00 6,451,171.00 Fees 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 24,479,659,580.00 24,500,550,121.00 Other current liabilities 3,055,343,060.00 2,194,716,852.00 Total current liabilities 102,947,933,991.00 104,959,322,995.00 Non-current liabilities: Insurance contract reserve 0.00 0.00 Long-term borrowings 125,894,080,346.00 132,452,767,135.00 Bonds payable 381,357,070.00 398,971,739.00 Including: Preference shares 0.00 0.00 Perpetual bonds 0.00 0.00 Lease liabilities 642,278,904.00 0.00 Long-term payables 1,047,622,969.00 2,114,175,683.00 Long-term employee benefits payable 0.00 0.00 Provisions 0.00 0.00 Deferred income 5,578,377,578.00 4,246,231,468.00 Deferred income tax liabilities 1,606,978,469.00 1,427,601,154.00 Other non-current liabilities 4,120,058,132.00 5,260,001,443.00 Total non-current liabilities 139,270,753,468.00 145,899,748,622.00 Total liabilities 242,218,687,459.00 250,859,071,617.00 Owners’ equity: Share capital 38,448,775,782.00 34,798,398,763.00 Other equity instruments 14,332,500,988.00 14,146,997,427.00 Including: Preference shares 0.00 0.00 Perpetual bonds 14,332,500,988.00 14,146,997,427.00 Capital reserves 53,608,022,663.00 37,435,655,934.00 Less: Treasury stock 1,542,279,375.00 1,036,298,508.00 Other comprehensive income -69,303,912.00 -22,198,072.00 Specific reserve 0.00 0.00 Surplus reserves 2,449,510,277.00 2,444,416,669.00 General reserve 0.00 0.00 Retained earnings 31,699,517,740.00 15,509,794,622.00 Total equity attributable to owners of the Company as the parent 138,926,744,163.00 103,276,766,835.00 Non-controlling interests 72,726,654,887.00 70,120,967,879.00 Total owners’ equity 211,653,399,050.00 173,397,734,714.00 Total liabilities and owners’ equity 453,872,086,509.00 424,256,806,331.00 Legal representative: Chen Yanshun President of the Company’s Execution Committee: Liu Xiaodong Chief Financial Officer: Sun Yun Head of the Company’s Financial Department: Yang Xiaoping 2. Consolidated Income Statement for Q1~Q3 Unit: RMB Item Q1~Q3 2021 Q1~Q3 2020 1. Revenues 163,278,349,727.00 94,901,152,591.00 Including: Operating revenue 163,278,349,727.00 94,901,152,591.00 Interest income 0.00 0.00 Insurance premium income 0.00 0.00 Fee and commission income 0.00 0.00 2. Costs and expenses 132,729,262,597.00 92,761,456,060.00 Including: Cost of sales 110,954,352,788.00 77,707,520,790.00 Interest expense 0.00 0.00 Fee 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 levies 1,098,484,767.00 755,063,118.00 Selling expense 3,410,835,828.00 2,469,423,809.00 Administrative expense 6,380,130,093.00 4,651,871,656.00 R&D expense 8,152,445,066.00 5,250,983,185.00 Finance costs 2,733,014,055.00 1,926,593,502.00 Including: Interest expense 3,645,968,371.00 2,416,222,511.00 Interest income 741,952,363.00 644,111,510.00 Add: Other income 1,534,520,440.00 1,862,952,382.00 Return on investment (“-” for loss) 560,152,073.00 151,691,886.00 Including: Share of profit or loss of joint ventures and associates 487,008,937.00 83,850,206.00 Income from the derecognition of financial assets at amortized cost (“-” for loss) 0.00 0.00 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) 64,613,098.00 22,707,526.00 Credit impairment loss (“-” for loss) -43,202,700.00 2,472,594.00 Asset impairment loss (“-” for loss) -3,332,862,567.00 -1,780,410,418.00 Asset disposal income (“-” for loss) 151,124,296.00 18,082,818.00 3. Operating profit (“-” for loss) 29,483,431,770.00 2,417,193,319.00 Add: Non-operating income 64,533,897.00 91,617,388.00 Less: Non-operating expense 20,810,474.00 55,742,031.00 4. Gross profit (“-” for loss) 29,527,155,193.00 2,453,068,676.00 Less: Income tax expense 4,000,514,020.00 942,107,787.00 5. Net profit (“-” for net loss) 25,526,641,173.00 1,510,960,889.00 5.1 By operating continuity 5.1.1 Net profit from continuing operations (“-” for net loss) 25,526,641,173.00 1,510,960,889.00 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 20,015,415,603.00 2,475,838,102.00 5.2.1 Net profit attributable to non-controlling interests 5,511,225,570.00 （未完）  |