京东方Ｂ(200725):2023年年度审计报告（英文版）
原标题:京东方Ｂ:2023年年度审计报告（英文版） BOE Technology Group Co., Ltd. ENGLISH TRANSLATION OF FINANCIAL STATEMENTS FOR THE YEAR 1 JANUARY 2023 TO 31 DECEMBER 2023 IF THERE IS ANY CONFLICT BETWEEN THE CHINESE VERSION AND ITS ENGLISH TRANSLATION, THE CHINESE VERSION WILL PREVAIL AUDITOR’S REPORT 毕马威华振审字第 2404989号 The Shareholders of BOE Technology Group Co., Ltd.: Opinion We have audited the accompanying financial statements of BOE Technology Group Co., Ltd. (“BOE”), which comprise the consolidated and company balance sheets as at 31 December 2023, the consolidated and company income statements, the consolidated and company cash flow statements, the consolidated and company statements of changes in shareholders’ equity for the year then ended, and notes to the financial statements. In our opinion, the accompanying financial statements present fairly, in all material respects, the consolidated and company financial position of BOE as at 31 December 2023, and the consolidated and company financial performance and cash flows of BOE for the year then ended in accordance with Accounting Standards for Business Enterprises issued by the Ministry of Finance of the People’s Republic of China. Basis for Opinion We conducted our audit in accordance with China Standards on Auditing for Certified Public Accountants (“CSAs”). Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are independent of BOE in accordance with the China Code of Ethics for Certified Public Accountants (“the Code”), and we have fulfilled our other ethical responsibilities in accordance with the Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. AUDITOR’S REPORT (continued) 毕马威华振审字第 2404989号 Key Audit Matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the financial statements of the current period. These matters were addressed in the context of our audit of the financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters.
AUDITOR’S REPORT (continued) 毕马威华振审字第 2404989号 Key Audit Matters (continued)
AUDITOR’S REPORT (continued) 毕马威华振审字第 2404989号 Key Audit Matters (continued)
AUDITOR’S REPORT (continued) 毕马威华振审字第 2404989号 Key Audit Matters (continued)
AUDITOR’S REPORT (continued) 毕马威华振审字第 2404989号 Other Information BOE’s management is responsible for the other information. The other information comprises all the information included in 2023 annual report of BOE, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Responsibilities of Management and Those Charged with Governance for the Financial Statements Management is responsible for the preparation and fair presentation of the financial statements in accordance with the Accounting Standards for Business Enterprises, and for the design, implementation and maintenance of such internal control necessary to enable that the financial statements are free from material misstatement, whether due to fraud or error. In preparing the financial statements, management is responsible for assessing BOE’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate BOE or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing BOE’s financial reporting process. AUDITOR’S REPORT (continued) 毕马威华振审字第 2404989号 Auditor’s Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with CSAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. As part of an audit in accordance with CSAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: ? Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. ? Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. ? Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. ? Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on BOE’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause BOE to cease to continue as a going concern. ? Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. AUDITOR’S REPORT (continued) 毕马威华振审字第 2404989号 Auditor’s Responsibilities for the Audit of the Financial Statements (continued) ? Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within BOE to express an opinion on the financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and communicate with them all relationships and other matters that may reasonably be thought to bear on our independence and, where applicable, related safeguards. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor’s report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. KPMG Huazhen LLP Certified Public Accountants Registered in the People’s Republic of China Su Xing (Engagement Partner) Beijing, China Chai Jing 29 March 2024 BOE Technology Group Co., Ltd. Consolidated balance sheet as at 31 December 2023 (Expressed in Renminbi Yuan) ? Note 2023 ? 2022 Assets ? ? ? ? ? ? ? ? ? Current assets ? ? ? ? Cash at bank and on hand V.1 72,467,392,718 ? 68,800,307,369 Financial assets held for trading V.2 7,755,964,495 ? 17,187,993,936 Bills receivable V.3 375,577,011 ? 211,792,061 Accounts receivable V.4 33,365,416,490 ? 28,203,647,569 Receivables financing V.5 408,534,622 - Prepayments V.6 558,659,780 ? 589,764,680 Other receivables V.7 726,659,207 ? 975,809,236 Inventories V.8 24,119,667,325 ? 22,787,814,225 Contract assets V.9 95,710,742 ? 71,636,461 Non-current assets due within one year ? 8,683,381 ? 8,561,307 Other current assets V.10 3,308,338,931 ? 3,394,036,919 ? ? ? ? ? Total current assets ? 143,190,604,702 ? 142,231,363,763 ???? The notes on pages 30 to 175 form part of these financial statements. BOE Technology Group Co., Ltd. Consolidated balance sheet as at 31 December 2023 (continued) (Expressed in Renminbi Yuan) ? Note 2023 ? 2022 Assets (continued) ? ? ? ? ? ? ? ? ? Non-current assets ? ? ? ? Long-term receivables ? 3,341,844 ? 28,637,449 Long-term equity investments V.11 13,731,696,627 ? 12,421,878,851 Investments in other equity instruments V.12 494,629,577 ? 483,060,306 Other non-current financial assets V.13 2,253,778,325 ? 2,022,967,681 Investment properties V.14 1,412,553,446 ? 1,122,025,138 Fixed assets V.15 210,371,476,524 ? 205,987,050,430 Construction in progress V.16 29,670,115,546 ? 43,386,134,668 Right-of-use assets V.17 724,344,345 ? 687,120,946 Intangible assets V.18 11,565,585,700 ? 8,948,327,143 Development costs VI.2 166,977,531 - Goodwill V.19 704,705,586 ? 660,823,651 Long-term deferred expenses V.20 534,494,564 ? 556,941,377 Deferred tax assets V.21 396,877,020 ? 76,013,149 Other non-current assets V.22 3,965,918,458 ? 1,955,521,384 ? ? ? ? ? Total non-current assets ? 275,996,495,093 ? 278,336,502,173 ? ? ? ? ? ? ? ? ? ? Total assets ? 419,187,099,795 ? 420,567,865,936 ??? The notes on pages 30 to 175 form part of these financial statements. BOE Technology Group Co., Ltd. Consolidated balance sheet as at 31 December 2023 (continued) (Expressed in Renminbi Yuan) ? Note 2023 ? 2022 Liabilities and shareholders’ equity ? ? ? ? ? ? ? ? ? Current liabilities ? ? ? ? Short-term loans V.23 1,746,184,534 ? 2,373,938,871 Bills payable V.24 919,313,033 ? 870,221,538 Accounts payable V.25 32,977,603,351 ? 29,834,720,464 Advance payments received V.26 94,704,981 ? 79,848,977 Contract liabilities V.27 3,000,168,620 ? 2,411,717,792 Employee benefits payable V.28 3,100,911,276 ? 2,818,532,823 Taxes payable V.29 1,317,080,022 ? 1,331,401,188 Other payables V.30 19,487,760,965 ? 19,632,223,269 Non-current liabilities due within one year V.31 24,437,027,442 ? 22,703,750,744 Other current liabilities V.32 3,085,773,591 ? 3,613,967,673 ? ? ? ? ? Total current liabilities ? 90,166,527,815 ? 85,670,323,339 ???? The notes on pages 30 to 175 form part of these financial statements. BOE Technology Group Co., Ltd. Consolidated balance sheet as at 31 December 2023 (continued) (Expressed in Renminbi Yuan) ? Note 2023 ? 2022 Liabilities and shareholders’ equity (continued) ? ? ? ? ? ? ? ? ? Non-current liabilities ? ? ? ? Long-term loans V.33 121,546,339,022 ? 123,143,479,690 Lease liabilities V.34 542,141,496 ? 538,586,010 Long-term payables V.35 171,611,393 ? 229,587,077 Provisions V.36 3,580,000 ? - Deferred income V.37 4,763,051,955 ? 5,156,347,332 Deferred tax liabilities V.21 1,694,639,729 ? 1,289,899,658 Other non-current liabilities V.38 2,500,522,066 ? 2,499,075,805 ? ? ? ? ? Total non-current liabilities ? 131,221,885,661 ? 132,856,975,572 ? ? ? ? ? ? ? ? ? ? Total liabilities ? 221,388,413,476 ? 218,527,298,911 ??? ? ? ? ? ? The notes on pages 30 to 175 form part of these financial statements. BOE Technology Group Co., Ltd. Consolidated balance sheet as at 31 December 2023 (continued) (Expressed in Renminbi Yuan) ? Note 2023 ? 2022 Liabilities and shareholders’ equity (continued) ? ? ? ? ? ? ? ? ? Shareholders’ equity ? ? ? ? Share capital V.39 37,652,529,195 ? 38,196,363,421 Other equity instruments V.40 2,043,402,946 ? 8,176,366,808 Capital reserve V.41 52,113,580,746 ? 55,224,885,675 Less: Treasury shares V.42 462,036,240 ? 3,508,201,911 Other comprehensive income V.43 (1,136,997,224) ? (1,073,768,030) Special reserve 66,472,402 - Surplus reserve V.44 3,571,778,635 ? 3,241,063,934 Retained earnings V.45 35,579,576,607 ? 35,829,465,307 ? ? ? ? ? Total equity attributable to shareholders of the Company ? 129,428,307,067 ? 136,086,175,204 ? ? ? ? ? Non-controlling interests ? 68,370,379,252 ? 65,954,391,821 ? ? ? ? ? Total shareholders’ equity ? 197,798,686,319 ? 202,040,567,025 ? ? ? ? ? ? ? ? ? ? Total liabilities and shareholders’ equity ? 419,187,099,795 ? 420,567,865,936 ???? These financial statements were approved by the Board of Directors of the Company on 29 March 2024. Chen Yanshun Gao Wenbao Yang Xiaoping Teng Jiao (Company Chairman of the Chief Executive Chief Financial The head of the stamp) Board Officer Officer accounting department (Signature and (Signature and (Signature and (Signature and stamp) stamp) stamp) stamp) The notes on pages 30 to 175 form part of these financial statements. BOE Technology Group Co., Ltd. Company balance sheet as at 31 December 2023 (Expressed in Renminbi Yuan) ? Note 2023 ? 2022 Assets ? ? ? ? ? ? ? ? ? Current assets ? ? ? ? Cash at bank and on hand 4,255,943,334 ? 7,121,641,234 Accounts receivable XVI.1 4,870,413,096 ? 4,863,665,269 Prepayments ? 4,807,079 ? 7,045,311 Other receivables XVI.2 28,381,628,538 ? 19,878,145,375 Inventories ? 19,337,053 ? 15,065,947 Other current assets 126,758,000 ? 57,226,515 ? ? ? ? ? Total current assets ? 37,658,887,100 ? 31,942,789,651 ? ? ? ? ? Non-current assets ? ? ? ? Long-term equity investments XVI.3 191,109,201,591 ? 214,308,953,020 Investments in other equity 62,020,419 ? 60,434,464 instruments ? Other non-current financial assets 1,493,778,324 ? 1,416,072,234 Investment properties ? 246,605,801 ? 251,870,591 Fixed assets ? 945,373,523 ? 921,510,043 Construction in progress ? 612,320,190 ? 616,247,335 Right-of-use assets 86,718,376 ? 126,373,643 Intangible assets 997,974,193 ? 1,122,230,564 Long-term deferred expenses ? 337,051,031 ? 384,123,386 Other non-current assets ? 1,740,557,308 ? 1,080,322,988 ? ? ? ? ? Total non-current assets ? 197,631,600,756 ? 220,288,138,268 ? ? ? ? ? ? ? ? ? ? Total assets ? 235,290,487,856 ? 252,230,927,919 ? The notes on pages 30 to 175 form part of these financial statements. BOE Technology Group Co., Ltd. Company balance sheet as at 31 December 2023 (continued) (Expressed in Renminbi Yuan) ? Note 2023 ? 2022 Liabilities and shareholders’ equity ? ? ? ? ? ? ? ? ? Current liabilities ? ? ? ? Accounts payable ? 566,941,531 ? 312,100,258 Advance payments received 10,542,897 ? 14,819,929 Contract liabilities ? 74,594 ? 19,200 Employee benefits payable 300,267,423 ? 282,792,422 Taxes payable ? 279,057,718 ? 139,166,672 Other payables XVI.4 3,515,995,979 ? 4,249,391,146 Non-current liabilities due within one year ? 4,029,679,945 ? 2,704,607,119 Other current liabilities ? 77,354,731 ? 20,283,257 ? ? ? ? ? Total current liabilities ? 8,779,914,818 ? 7,723,180,003 ? ? ? ? ? Non-current liabilities ? ? ? ? Long-term loans XVI.5 44,053,100,000 ? 39,557,500,000 Lease liabilities 42,482,289 ? 85,830,813 Deferred income 954,798,900 ? 1,933,587,746 Deferred tax liabilities 222,201,768 ? 111,987,272 Other non-current liabilities 79,800,793,681 ? 96,394,661,805 ? ? ? ? ? Total non-current liabilities ? 125,073,376,638 ? 138,083,567,636 ? ? ? ? ? ? ? ? ? ? Total liabilities ? 133,853,291,456 ? 145,806,747,639 ???? The notes on pages 30 to 175 form part of these financial statements. BOE Technology Group Co., Ltd. Company balance sheet as at 31 December 2023 (continued) (Expressed in Renminbi Yuan) ? Note 2023 ? 2022 Liabilities and shareholders’ equity (continued) ? ? ? ? ? ? ? ? ? Shareholders’ equity ? ? ? ? Share capital V.39 37,652,529,195 ? 38,196,363,421 Other equity instruments V.40 2,043,402,946 ? 8,176,366,808 Capital reserve XVI.6 51,741,820,724 ? 53,693,627,213 Less: Treasury shares V.42 462,036,240 ? 3,508,201,911 Other comprehensive income XVI.7 (296,433,056) ? 340,345 Surplus reserve V.44 3,571,778,635 ? 3,241,063,934 Retained earnings XVI.8 7,186,134,196 ? 6,624,620,470 ? ? ? ? ? Total shareholders’ equity ? 101,437,196,400 ? 106,424,180,280 ? ? ? ? ? ? ? ? ? ? Total liabilities and shareholders’ equity ? 235,290,487,856 ? 252,230,927,919 ??? These financial statements were approved by the Board of Directors of the Company on 29 March 2024. Chen Yanshun Gao Wenbao Yang Xiaoping Teng Jiao (Company Chairman of the Chief Executive Chief Financial The head of the stamp) Board Officer Officer accounting department (Signature and (Signature and (Signature and (Signature and stamp) stamp) stamp) stamp) The notes on pages 30 to 175 form part of these financial statements.BOE Technology Group Co., Ltd. Consolidated income statement for the year ended 31 December 2023 (Expressed in Renminbi Yuan) ? Note 2023 ? 2022 ? ? ? ? ? I. Operating income V.46 174,543,445,895 ? 178,413,731,179 ? ? ? ? ? II. Less: Operating costs V.46 152,633,061,367 ? 157,530,566,152 Taxes and surcharges V.47 1,132,985,865 ? 1,275,171,339 Selling and distribution expenses V.48 3,736,940,205 ? 4,233,290,297 General and administrative expenses V.49 5,944,875,540 ? 6,247,637,006 Research and development expenses V.50 11,319,503,088 ? 11,100,768,677 Financial expenses V.51 1,150,310,546 ? 2,445,130,575 Including: Interest expenses ? 3,536,889,899 ? 3,572,211,438 Interest income ? 2,032,287,888 ? 1,483,022,892 Add: Other income V.52 4,202,333,156 ? 5,485,529,324 Investment income V.53 810,709,642 ? 6,094,267,884 Including: Income from investment in associates and joint ventures ? 702,555,344 ? 528,103,680 Gains from changes in fair value V.54 291,542,233 ? 159,344,584 Credit losses V.55 (18,562,198) ? (51,577,226) Impairment losses V.56 (2,406,230,634) ? (7,304,471,630) Gains from asset disposals V.57 13,090,386 ? 10,965,556 ? ? ? ? ? III. Operating profit /(loss) ? 1,518,651,869 ? (24,774,375) ? ? ? ? ? Add: Non-operating income V.58 383,996,163 ? 163,242,857 Less: Non-operating expenses V.58 69,649,357 ? 87,249,543 ???? The notes on pages 30 to 175 form part of these financial statements. BOE Technology Group Co., Ltd. Consolidated income statement for the year ended 31 December 2023 (continued) (Expressed in Renminbi Yuan) ? Note 2023 ? 2022 ? ? ? ? ? IV. Profit before income tax ? 1,832,998,675 ? 51,218,939 ? ? ? ? ? Less: Income tax expenses V.59 1,463,127,346 ? 1,791,720,662 ? ? ? ? ? V. Net profit for the year / (loss) ? 369,871,329 ? (1,740,501,723) ? ? ? ? ? Shareholders of the Company ? 2,547,435,360 ? 7,541,423,198 Non-controlling interests ? (2,177,564,031) ? (9,281,924,921) ??? The notes on pages 30 to 175 form part of these financial statements. BOE Technology Group Co., Ltd. Consolidated income statement for the year ended 31 December 2023 (continued) (Expressed in Renminbi Yuan) ? Note 2023 ? 2022 ? ? ? ? ? VI. Other comprehensive income, net of tax V.43 (18,318,697) ? (1,158,016,792) ? ? ? ? ? Other comprehensive income (net of tax) attributable to owners of the Company ? (114,919,973) ? (1,164,537,236) (1) Items that will not be reclassified to profit or loss ? ? ? ? 1. Other comprehensive income recognised under equity method ? (302,258,742) ? (53,367,649) 2. Changes in fair value of investments in other equity instruments ? 4,408,730 ? (79,547,426) (2) Items that may be reclassified to profit or loss ? ? ? ? 1. Other comprehensive income recognised under equity method ? 38,009 ? 127,867 2. Translation differences arising from translation of foreign currency financial statements ? 182,892,030 ? (1,031,750,028) Other comprehensive income (net of tax) attributable to non-controlling interests ? 96,601,276 ? 6,520,444 ???? The notes on pages 30 to 175 form part of these financial statements. BOE Technology Group Co., Ltd. Consolidated income statement for the year ended 31 December 2023 (continued) (Expressed in Renminbi Yuan) ? Note 2023 ? 2022 ? ? ? ? ? VII. Total comprehensive income for the year ? 351,552,632 ? (2,898,518,515) ? ? ? ? ? Attributable to shareholders of the Company ? 2,432,515,387 ? 6,376,885,962 Attributable to non-controlling interests ? (2,080,962,755) ? (9,275,404,477) ? ? ? ? ? VIII. Earnings per share: ? ? ? ? (1) Basic earnings per share V.60 0.06 ? 0.19 (2) Diluted earnings per share V.60 Not applicable ? Not applicable ??? These financial statements were approved by the Board of Directors of the Company on 29 March 2024. Chen Yanshun Gao Wenbao Yang Xiaoping Teng Jiao (Company Chairman of the Chief Executive Chief Financial The head of the stamp) Board Officer Officer accounting department (Signature and (Signature and (Signature and (Signature and stamp) stamp) stamp) stamp) The notes on pages 30 to 175 form part of these financial statements.BOE Technology Group Co., Ltd. Company income statement for the year ended 31 December 2023 (Expressed in Renminbi Yuan) ? Note 2023 ? 2022 ? ? ? ? ? I. Operating income XVI.9 4,708,465,987 ? 4,873,328,715 ? ? ? ? ? II. Less: Operating costs ?XVI.9 12,627,567 ? 10,080,268 Taxes and surcharges 43,605,220 ? 55,342,015 General and administrative expenses ? 1,332,250,430 ? 1,348,187,653 Research and development expenses 2,128,570,079 ? 2,046,032,751 Financial expenses 480,003,968 ? 574,596,105 Including: Interest expenses 545,603,838 ? 631,737,202 Interest income 71,059,318 ? 96,658,931 Add: Other income 951,291,761 ? 948,637,354 Investment income XVI.10 1,991,483,354 ? 1,934,087,931 Including: Income from investment in associates and joint ventures ? 429,364,809 ? 328,861,860 Gains from changes in fair value 49,498,773 ? - Credit losses ? 5,490,866 ? (18,126,642) Losses from asset disposals ? 5,077,109 ? - ? ? ? ? ? III. Operating profit ? 3,714,250,586 ? 3,703,688,566 ? ? ? ? ? Add: Non-operating income ? 3,921,345 ? 6,873,424 Less: Non-operating expenses ? 6,859,836 ? 26,617,581 ? ? ? ? ? IV. Profit before income tax ? 3,711,312,095 ? 3,683,944,409 ? ? ? ? ? Less: Income tax expenses 405,340,309 ? 202,080,897 ? ? ? ? ? V. Net profit for the year ? 3,305,971,786 ? 3,481,863,512 ???? The notes on pages 30 to 175 form part of these financial statements. BOE Technology Group Co., Ltd. Company income statement for the year ended 31 December 2023 (continued) (Expressed in Renminbi Yuan) ? Note 2023 ? 2022 ? ? ? ? ? VI. Other comprehensive income, net of tax XVI.7 (295,598,180) ? (55,810,525) (1) Items that will not be reclassified to profit or loss ? ? ? ? 1. Other comprehensive income recognised under equity method ? (302,258,742) ? (53,367,649) 2. Changes in fair value of investments in other equity instruments ? 6,660,562 ? (2,570,743) (2) Items that may be reclassified to profit or loss ? - ? 127,867 ? ? ? ? ? VII. Total comprehensive income for the year ? 3,010,373,606 ? 3,426,052,987 ??? These financial statements were approved by the Board of Directors of the Company on 29 March 2024. Chen Yanshun Gao Wenbao Yang Xiaoping Teng Jiao (Company Chairman of the Chief Executive Chief Financial The head of the stamp) Board Officer Officer accounting department (Signature and (Signature and (Signature and (Signature and stamp) stamp) stamp) stamp) The notes on pages 30 to 175 form part of these financial statements. BOE Technology Group Co., Ltd. Consolidated cash flow statement for the year ended 31 December 2023 (Expressed in Renminbi Yuan) ? Note 2023 ? 2022 I. Cash flows from operating activities: ? ? ? ? Proceeds from sale of goods and rendering of services ? 180,947,736,116 ? 193,327,661,415 Refund of taxes ? 10,373,888,040 ? 17,259,338,469 Proceeds from other operating activities V.61(1)a? 6,145,484,931 ? 7,397,264,096 ? ? ? ? ? Sub-total of cash inflows ? 197,467,109,087 ? 217,984,263,980 ? ? ? ? ? Payment for goods and services ? (129,474,896,348) ? (142,617,274,685) Payment to and for employees ? (18,253,350,198) ? (19,821,022,609) Payment of various taxes ? (3,823,925,586) ? (5,394,897,972) Payment for other operating activities ? V.61(1)b (7,613,110,071) ? (7,129,101,409) ? ? ? ? ? Sub-total of cash outflows ? (159,165,282,203) ? (174,962,296,675) ? ? ? ? ? Net cash flows generated from operating activities V.62(1) 38,301,826,884 ? 43,021,967,305 ??? The notes on pages 30 to 175 form part of these financial statements. BOE Technology Group Co., Ltd. Consolidated cash flow statement for the year ended 31 December 2023 (continued) (Expressed in Renminbi Yuan) ? Note 2023 ? 2022 II. Cash flows from investing activities: ? ? ? ? Proceeds from disposal of investments ? 70,648,492,540 ? 83,038,823,137 Investment returns received ? 569,248,170 ? 461,543,173 Net proceeds from disposal of fixed assets, intangible assets and other long-term assets ? 62,750,260 ? 26,645,620 Net proceeds for acquisition of subsidiaries V.62(2)? 59,293,141 - Net proceeds from disposal of subsidiaries ? V.62(2) - ? 936,758,922 Proceeds from other investing activities ? V.61(2) a 3,940,488,690 ? 1,311,942,470 ? ? ? ? ? Sub-total of cash inflows ? 75,280,272,801 ? 85,775,713,322 ? ? ? ? ? Payment for acquisition of fixed assets, intangible assets and other long-term assets ? (24,807,796,061) ? (29,398,245,045) Payment for acquisition of investments ? (79,608,953,781) ? (92,205,577,385) Net payment for acquisition of subsidiaries V.62(2)? (165,333,139) ? - Net payment for disposal of subsidiaries V.62(2)? - ? (144,689,766) ? ? ? ? ? Sub-total of cash outflows ? (104,582,082,981) ? (121,748,512,196) ? ? ? ? ? ? ? ? ? ? Net cash flows used in investing activities ? (29,301,810,180) ? (35,972,798,874) ??? The notes on pages 30 to 175 form part of these financial statements. BOE Technology Group Co., Ltd. Consolidated cash flow statement for the year ended 31 December 2023 (continued) (Expressed in Renminbi Yuan) ? Note 2023 ? 2022 III. Cash flows from financing activities: ? ? ? ? Proceeds from investors ? 3,291,140,600 ? 2,301,848,242 Including: Proceeds from non- controlling shareholders of subsidiaries ? 3,291,140,600 ? 2,301,848,242 Proceeds from issuance of debentures ? - ? 2,000,000,000 Proceeds from borrowings ? 27,341,860,631 ? 49,812,750,352 Proceeds from other financing activities ? V.61(3)a - ? 771,327,623 ? ? ? ? ? Sub-total of cash inflows ? 30,633,001,231 ? 54,885,926,217 ??? The notes on pages 30 to 175 form part of these financial statements. BOE Technology Group Co., Ltd. Consolidated cash flow statement for the year ended 31 December 2023 (continued) (Expressed in Renminbi Yuan) ? Note 2023 ? 2022 III. Cash flows from financing activities (continued): ? ? ? ? Repayments of borrowings ? (30,091,893,380) ? (51,681,667,124) Payment for redeeming bonds ? (6,000,000,000) ? (8,000,000,000) Payment for dividends or interest ? (8,306,333,083) ? (13,828,515,479) Including: Profits paid to non- controlling shareholders of subsidiaries ? (72,650,624) ? (39,388,061) Payment for other financing activities V.61(3) b? (7,896,143,409) ? (2,548,995,476) ? ? ? ? ? Sub-total of cash outflows ? (52,294,369,872) ? (76,059,178,079) ? ? ? ? ? ? ? ? ? ? Net cash flow used in financing activities ? (21,661,368,641) ? (21,173,251,862) ? ? ? ? ? IV. Effect of foreign exchange rate changes on cash and cash equivalents ? 372,295,921 ? 1,882,635,112 ? ? ? ? ? ? ? ? ? ? V. Net decrease in cash and cash equivalents V.62(1) b (12,289,056,016) ? (12,241,448,319) ? ? ? ? ? Add: Cash and cash equivalents at the beginning of the year ? 64,382,037,764 ? 76,623,486,083 ? ? ? ? ? VI. Cash and cash equivalents at the end of the year V.62(3) 52,092,981,748 ? 64,382,037,764 ??? These financial statements were approved by the Board of Directors of the Company on 29 March 2024. Chen Yanshun Gao Wenbao Yang Xiaoping Teng Jiao (Company Chairman of the Chief Executive Chief Financial The head of the stamp) Board Officer Officer accounting department (Signature and (Signature and (Signature and (Signature and stamp) stamp) stamp) stamp) The notes on pages 30 to 175 form part of these financial statements. BOE Technology Group Co., Ltd. Company cash flow statement for the year ended 31 December 2023 (Expressed in Renminbi Yuan) ? Note 2023 ? 2022 I. Cash flows from operating activities: ? ? ? ? Proceeds from sale of goods and rendering of services ? 4,312,367,550 ? 5,650,186,755 Proceeds from other operating activities ? 622,801,775 ? 2,005,413,901 ? ? ? ? ? Sub-total of cash inflows ? 4,935,169,325 ? 7,655,600,656 ? ? ? ? ? Payment for goods and services ? (1,098,622,995) ? (1,161,216,577) Payment to and for employees ? (1,333,331,329) ? (1,681,332,214) Payment of various taxes ? (433,065,340) ? (676,007,600) Payment for other operating activities ? (1,099,330,089) ? (452,287,489) ? ? ? ? ? Sub-total of cash outflows ? (3,964,349,753) ? (3,970,843,880) ? ? ? ? ? ? ? ? ? ? Net cash flows generated from operating activities XVI.11(1) 970,819,572 ? 3,684,756,776 ? ? ? ? ? II. Cash flows from investing activities: ? ? ? ? Proceeds from disposal of investments ? 1,200,350,000 ? 330,944,027 Proceeds from disposal of subsidiaries ? - ? - Investment returns received ? 955,365,976 ? 1,257,584,843 Net proceeds from disposal of fixed assets ? 682,093 ? 241,034 Proceeds from other investing activities ? 1,260,912,332 ? 10,546,180,253 ? ? ? ? ? Sub-total of cash inflows ? 3,417,310,401 ? 12,134,950,157 ???? The notes on pages 30 to 175 form part of these financial statements. BOE Technology Group Co., Ltd. Company cash flow statement for the year ended 31 December 2023 (continued) (Expressed in Renminbi Yuan) ? Note 2023 ? 2022 II. Cash flows from investing activities (continued): ? ? ? ? （未完）  |