[年报]京东方Ｂ(200725):2023年年度报告摘要（英文版）
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时间：2024年04月02日 09:36:00 中财网 |
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原标题:京东方Ｂ:2023年年度报告摘要（英文版）
| Stock name | BOE-A, BOE-B | Stock code | 000725, 200725 |
| Stock exchange for stock
listing | Shenzhen Stock Exchange | | |
| Previous stock name (if any) | N/A | | |
| Contact information | Board Secretary | Securities Representative | |
| Name | Liu Hongfeng | Luo Wenjie | |
| Office Address | 12 Xihuan Middle Road, Beijing Economic-
Technological Development Area, P.R.China | 12 Xihuan Middle Road, Beijing Economic-
Technological Development Area, P.R.China | |
| Fax | 010-64366264 | 010-64366264 | |
2. Principal Activities or Products in the Reporting Period (I) About the Company
In constant pursuit of excellence, BOE Technology Group Co., Ltd. is an innovative IoT company dedicated to providing intelligent
interface products and professional services for information interaction and human health. With the vision “To Be the Most Respected Company on Earth”, and upholding the values of integrity & reliability, dedication to
customers, being people-oriented, openness and innovation, as well as the business philosophy of doing the right thing, innovation and
progress seeking, BOE has been forging ahead through innovation. Upon three decades of development in the industry, BOE has grown
into a world leader in the semiconductor display industry and an innovative company in the IoT sector. At present, it has a significant
number of intelligent manufacturing bases in Beijing, Hefei, Chengdu, Chongqing, Fuzhou, Mianyang, Wuhan, Kunming, Ordos, etc.,
with subsidiaries in the United States, Germany, Japan, South Korea, Singapore, India, Vietnam, Mexico, Brazil, the United Arab
Emirates and other countries and regions, as well as a service system that covers multiple regions of the world, such as Europe,
Americas, Asia, and Africa. To embrace the development trends of the IoT era, BOE has put in place a development architecture of
"1+4+N+Ecosystem", among which:
"1" represents semiconductor display, which is the core capacity and quality resources accumulated by BOE, as well as the source and
origin of the Company's transformation and development.
"4" is a high-potential channel and direction of development selected based on BOE's core competence and value chain extension, as
well as the four main fronts of the Company's IoT transformation, namely the IoT Innovation business, the Sensor business, the MLED
business and the Smart Engineering Medicine business.
"N" refers to the subdivided application scenarios of IoT that are continuously explored and cultivated by BOE, as well as the specific
focus of the Company's IoT transformation development.
“Ecosystem” is an industrial ecological development circle constructed by the Company in collaboration with many partners and by
aggregating the resources of the industrial chain and ecosystem chain. (II) About the Company’s principal operations
1. The Display Devices business
The Display Devices business offers integrated design and manufacturing services for devices, and is committed to providing interface
devices applying TFT-LCD, AMOLED, Microdisplay and other technologies, focusing on providing customers with high-quality
display devices for smartphones, tablet PCs, laptops, monitors, TVs, vehicles, VR/AR devices, etc.
2. The IoT Innovation business
The IoT Innovation business offers integrated design and manufacturing services for system solutions, and provides customers with
competitive smart terminal products for TVs, monitors, laptops, tablets, low-power devices, IoT, 3D display, etc. Backed by AI and
big data technologies, it focuses on products and services combining hardware and software, providing integrated IoT solutions for
segments including smart industrial parks, smart finance, etc. 3. The Sensor business
The Sensor and Solution business offers integrated design and manufacturing services for glass- and silicon-based system solutions,
focuses on smart display windows, innovative glass-based sensor devices, MEMS sensors, industrial sensors, consumer electronics and
other fields, and provides customers with products and solutions including intelligent PDLC windows and PDLC system solutions,
industrial sensors and solutions, MEMS sensors, and back plates for flat panel X-ray detectors (FPXD), among others.
4. The MLED business
MLED business renders LED backlight products with high quality and reliability for LCD of TVs, monitors, notebooks, vehicles,
| Item | 31 December 2023 | 31 December 2022 | | Change of
31
December
2023 over
31
December
2022 (%) | 31 December 2021 | |
| | | Before | Restated | Restated | Before | Restated |
| Total assets | 419,187,099,795.00 | 420,562,103,212.00 | 420,567,865,936.00 | -0.33% | 449,726,980,355.00 | 450,232,603,404.00 |
| Equity
attributable to the | 129,428,307,067.00 | 136,089,410,395.00 | 136,086,175,204.00 | -4.89% | 142,925,547,899.00 | 143,204,240,947.00 |
| listed company’s
shareholders | | | | | | |
| Item | 2023 | 2022 | | 2023-over-
2022 change
(%) | 2021 | |
| | | Before | Restated | Restated | Before | Restated |
| Operating revenue | 174,543,445,895.00 | 178,413,731,179.00 | 178,413,731,179.00 | -2.17% | 219,309,799,505.00 | 221,035,718,012.00 |
| Net profit
attributable to the
listed company’s
shareholders | 2,547,435,360.00 | 7,550,877,790.00 | 7,541,423,198.00 | -66.22% | 25,830,935,500.00 | 25,960,751,646.00 |
| Net profit
attributable to the
listed company’s
shareholders
before exceptional
gains and losses | -632,561,344.00 | -2,228,652,161.00 | -2,238,106,753.00 | 71.74% | 23,937,539,752.00 | 24,067,355,898.00 |
| Net cash
generated
from/used in
operating
activities | 38,301,826,884.00 | 43,021,967,305.00 | 43,021,967,305.00 | -10.97% | 62,270,556,324.00 | 62,698,688,556.00 |
| Basic earnings per
share
(RMB/share) | 0.06 | 0.19 | 0.19 | -68.42% | 0.71 | 0.71 |
| Diluted earnings
per share
(RMB/share) | 0.06 | 0.19 | 0.19 | -68.42% | 0.71 | 0.71 |
| Weighted average
return on equity
(%) | 1.89% | 5.45% | 5.45% | -3.56% | 23.84% | 23.93% |
Reason for accounting policy change and correction of accounting error: As required by Interpretations No. 16 and No. 15 for the Accounting Standards for Business Enterprises issued by the Ministry of
Finance, the Group has retrospectively restated relevant financial statement items at the beginning of the year and in the same period
of last year. The said changes of accounting policies have no significant impact on the Company’s financial condition and operating
results.
(2) Key Financial Information by Quarter
Unit: RMB
| Item | Q1 | Q2 | Q3 | Q4 |
| Operating revenue | 37,973,495,034.00 | 42,204,380,186.00 | 46,337,198,045.00 | 48,028,372,630.00 |
| Net profit attributable to the listed
company’s shareholders | 247,315,140.00 | 488,494,469.00 | 286,347,794.00 | 1,525,277,957.00 |
| Net profit attributable to the listed
company’s shareholders before
exceptional gains and losses | -1,667,931,828.00 | 83,491,537.00 | 92,352,417.00 | 859,526,530.00 |
| Net cash generated from/used in
operating activities | 10,122,426,068.00 | 6,121,243,055.00 | 6,815,610,632.00 | 15,242,547,129.00 |
Indicate by tick mark whether any of the quarterly financial data in the table above or their summations differs materially from what
have been disclosed in the Company’s quarterly or interim reports. □ Yes ? No
| Number of ordinary
shareholders at the
period-end | 1,262,795 (including 1,231,014 A-
shareholders and 31,781 B-shareholders) | Number of ordinary
shareholders at the month-
end prior to the disclosure
of this Report | 1,189,106（including 1,157,510 A-
shareholders and 31,596 B-shareholders） | | | |
| Top 10 shareholders (exclusive of shares lent in refinancing) | | | | | | |
| Name of shareholder | Nature of shareholder | Shareholding
percentage | Total shares
held at the
period-end | Restricted
shares held | Shares in pledge, marked
or frozen | |
| | | | | | Status | Shares |
| Beijing State-owned Capital
Operation and Management Company
Limited | State-owned legal
person | 10.79% | 4,063,333,333 | 0 | N/A | 0 |
| Hong Kong Securities Clearing
Company Ltd. | Foreign legal person | 6.05% | 2,278,498,375 | 0 | N/A | 0 |
| Beijing BOE Investment &
Development Co., Ltd. | State-owned legal
person | 2.18% | 822,092,180 | 0 | N/A | 0 |
| Beijing Jing Guorui Soe Reform and
Development Fund (L.P.) | Other | 1.91% | 718,132,854 | 0 | N/A | 0 |
| Hefei Jianxiang Investment Co., Ltd. | State-owned legal
person | 1.77% | 666,195,772 | 0 | N/A | 0 |
| Fuqing Huirong Venture Capital Co.,
Ltd. | Domestic non-state-
owned legal person | 1.42% | 535,302,540 | 0 | In pledge | 15,000,000 |
| Perseverance Asset Management-
Perseverance Xiaofeng No.2 Zhixin
Fund | Other | 0.93% | 349,999,919 | 0 | N/A | 0 |
| Ningxia Risheng High-tech Industry
Co., Ltd. | Domestic non-state-
owned legal person | 0.90% | 339,525,766 | 0 | N/A | 0 |
| Xu Lili | Foreign natural person | 0.89% | 336,599,581 | 0 | N/A | 0 |
| FOTIC-Foreign Trade Trust-
Perseverance Xiaofeng Hongyuan
Assembled Fund Trust Plan | Other | 0.88% | 329,988,907 | 0 | N/A | 0 |
| Related or acting-in-concert parties
among the shareholders above | 1. 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.
2. Except for the above relationships, the Company does not know any other connected party or acting-in-
concert party among the top 10 shareholders. | | | | | |
| Shareholders involved in securities
margin trading (if any) | 1. Shareholder Ningxia Risheng High-tech Industry Co., Ltd. totally held 339,525,766 shares in the Company,
among which, 42,583,700 shares were held via its general securities account and 296,942,066 shares via its
customer credit transactions secured securities account in Ping An Securities Co., Ltd.
2. Shareholder Xu Lili totally held 336,599,581 shares in the Company, among which, 10,657,200 shares were
held via its general securities account, 248,713,498 shares via its customer credit transactions secured
securities account in GF Securities Co., Ltd. and 77,228,883 shares via its customer credit transactions secured
securities account in Ping An Securities Co., Ltd.
3. The shares held by Shareholder Fuqing Huirong Venture Capital Co., Ltd. in the Company increase by
1,318,200 shares due to securities refinancing.
4. Except for the aforesaid, the remaining top 10 ordinary shareholders were not involved in securities
refinancing. | | | | | |
| Top 10 shareholders involved in refinancing shares lending | | | | | | | | |
| Full name of shareholder | Shares in the common
account and credit
account at the period-
begin | | Shares lent in refinancing
and not yet returned at the
period-begin | | Shares in the common
account and credit account
at the period-end | | Shares lent in refinancing
and not yet returned at the
period-end | |
| | Total shares | As % of
total share
capital | Total shares | As % of
total share
capital | Total shares | As % of
total share
capital | Total shares | As % of
total share
capital |
| Fuqing Huirong Venture
Capital Co., Ltd. | 533,984,340 | 1.40% | 4,615,300 | 0.01% | 535,302,540 | 1.42% | 3,297,100 | 0.01% |
Changes in shares that the top 10 shareholders lend in refinancing compared with the prior period ? Applicable □ Not applicable
Unit: share
| Changes in shares that the top 10 shareholders lend in refinancing compared with the end of the prior period | | | | | |
| Full name of shareholder | Increase/dec
rease in the
Reporting
Period | Shares lent in refinancing and not yet
returned at the period-end | | Shares in the common account and credit
account plus shares lent in refinancing and
not yet returned at the period-end | |
| | | Total shares | As % of total share
capital | Total shares | As % of total
share capital |
| Perseverance Asset Management-
Perseverance Xiaofeng No.2 Zhixin Fund | Increase | 0 | 0.00% | 349,999,919 | 0.93% |
| Xu Lili | Increase | 0 | 0.00% | 336,599,581 | 0.89% |
| FOTIC-Foreign Trade Trust- Perseverance
Xiaofeng Hongyuan Assembled Fund Trust
Plan | Increase | 0 | 0.00% | 329,988,907 | 0.88% |
| Sinatay Life Insurance Co., Ltd.-Traditional
Product | Decrease | 0 | 0.00% | 305,330,128 | 0.81% |
| Beijing Electronics Holdings Co., Ltd. | Decrease | 0 | 0.00% | 273,735,583 | 0.73% |
| Beijing Yizhuang Investment Holdings Co.,
Ltd | Decrease | 0 | 0.00% | 109,295,841 | 0.29% |
(2) Number of Preferred Shareholders and Shareholdings of Top 10 of Them □ Applicable ? Not applicable
No preferred shareholders in the Reporting Period.
| Bond name | Abbr. | Bond code | Date of issue | Maturity | Balance
(RMB’0,00
0) | Coupon
rate |
| 2022 Public Offering of
Renewable Corporate Bonds of
BOE (for professional
investors) (Digital Economy)
(Phase I) | 22BOEY1 | 149861 | 24 March 2022 | 25 March 2025 | 200,000 | 3.50% |
| Bond redemption and interest
payment during the Reporting Period | The 2020 Public Offering of Renewable Corporate Bonds of BOE (for qualified investors)
(Phase I) (Epidemic Prevention and Control Bonds) (bond name: 20BOEY1; nominal
value: RMB2 billion) were redeemed in full on 28 February 2023.
The 2020 Public Offering of Renewable Corporate Bonds of BOE (for qualified investors)
(Phase II) (Epidemic Prevention and Control Bonds) (bond name: 20BOEY2; nominal
value: RMB2 billion) were redeemed in full on 20 March 2023.
The 2020 Public Offering of Renewable Corporate Bonds of BOE (for qualified investors)
(Phase III) (Epidemic Prevention and Control Bonds) (bond name: 20BOEY3; nominal | | | | | |
| | value: RMB2 billion) were redeemed in full on 27 April 2023. |
(2) Latest Rating and Rating Change
On 26 May 2023, United Credit Ratings Co., Ltd. issued the Follow-up Rating Report of the 2023 for the Renewable Corporate Bonds
of BOE Technology Group Co., Ltd. According to the Report, the issuer was still granted with a corporate long-term credit rating of
AAA with rating outlook rated as Stable; the bond credit rating remained AAA. The Follow-up Rating Report was published on
http://www.cninfo.com.cn/ and the website of United Ratings at www.unitedratings.com.cn on 26 May 2023.
United Credit Ratings Co., Ltd. is expected to issue the Follow-up Rating Report of the 2024 for the Renewable Corporate Bonds of
BOE Technology Group Co., Ltd. in May 2024. The Company will disclose the follow-up rating analysis report to investors on
http://www.cninfo.com.cn/ in time.
(3) Selected Financial Information of the Company for the Past Two Years Unit: RMB'0,000
| Item | 2023 | 2022 | Change |
| Debt/asset ratio | 52.81% | 51.96% | 0.85% |
| Net profit before exceptional
gains and losses | -63,256 | -223,811 | 71.74% |
| EBITDA/debt ratio | 27.05% | 25.57% | 1.48% |
| Interest cover (times) | 1.45 | 1.01 | 43.56% |
Part III Significant Events
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. Among them, the redeemed and delisted bonds are detailed in the table below:
| Bond name | Abbr. | Bond
code | Date of
issue | Maturity | Redemption
and delisting
date | Disclosure index |
| 2019 Public Offering of Renewable
Corporate Bonds of BOE (for qualified
investors) (Phase I) | 19BOEY1 | 112741 | 28 October
2019 | 29 October
2022 | 31 October
2022 | www.cninfo.com.cn |
| 2020 Public Offering of Renewable
Corporate Bonds of BOE (for qualified
investors) (Phase I) (epidemic
prevention and control bonds) | 20BOEY1 | 149046 | 27
February
2020 | 28
February
2023 | 28 February
2023 | |
| 2020 Public Offering of Renewable
Corporate Bonds of BOE (for qualified
investors) (Phase II) (epidemic
prevention and control bonds) | 20BOEY2 | 149065 | 18 March
2020 | 19 March
2023 | 20 March
2023 | |
| 2020 Public Offering of Renewable
Corporate Bonds of BOE (for qualified
investors) (Phase III) (epidemic
prevention and control bonds) | 20BOEY3 | 149108 | 24 April
2020 | 27 April
2023 | 27 April 2023 | |
The bond outstanding as of the disclosure date of this Report is as follows:
| Bond name | Abbr. | Bond code | Date of issue | Maturity |
| 2022 Public Offering of Renewable
Corporate Bonds of BOE (for
professional investors) (Digital
Economy) (Phase I) | 22BOEY1 | 149861 | 24 March 2022 | 25 March 2025 |
The Company disclosed 2024 "22BOEY1" Interest Payment Announcement (Announcement No. 2024-005) on 21 March 2024. The
interest payment plan was RMB35.00 (including tax) every ten bonds. 2. 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 RMB20 billion. 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. The Company disclosed the Suggestive Announcement on Relieving
Restricted Non-publicly Offered A Shares in 2021 (Announcement No. 2023-004) on 17 February 2023. A total of 718,132,854
restricted shares of the Company's non-publicly offered A shares in 2021 were relieved on 20 February 2023 and could be traded on
the market thereafter. The number of the relieved restricted shares accounted for 1.9324% of the Company's non-restricted shares, and
1.8801% of the Company's total share capital.
3. The Company disclosed the Announcement on Resignation of Senior Management (Announcement No. 2023-006) on 2 March 2023,
due to the change of work, Mr. Miao Chuanbin applied for resignation as Senior Vice President and Chief Culture Officer and will not
hold any position in the Company after his resignation. The Company disclosed the Announcement on Resignation of Senior
Management (Announcement No. 2023-013) on 1 April 2023, due to personal reasons, Mr. Xie Zhongdong applied for resignation as
Senior Vice President, Chief Audit Officer and Chief Risk Control Officer and will not hold any position in the Company after his
resignation. The Company disclosed the Announcement of Resolutions of the 13th Meeting of the 10th Board of Directors
(Announcement No. 2023-014) on 4 April 2023, at the 13th Meeting of the 10th Board of Directors, the Company considered and
approved the Proposal on the Appointment of Senior Management of the Company and Adjustment of the Composition of the Executive
Committee of the Company, the Board of Directors appointed Mr. Feng Qiang as a member of the Executive Committee and Executive
Vice President, Mr. Guo Huaping as Senior Vice President and Chief Cultural Officer; and to adjust the current senior management of
the Company, Ms. Yang Xiaoping, from Senior Vice President and Chief Financial Officer to a member of the Executive Committee,
Executive Vice President and Chief Financial Officer. The Company disclosed the Announcement of Resolutions of the 15th Meeting
of the 10th Board of Directors (Announcement No. 2023-028) on 29 April 2023. At the 15th Meeting of the 10th Board of Directors
of the Company, the Proposal on the Appointment of Senior Management of the Company was reviewed and approved, and the Board
of Directors appointed Mr. Yue Zhanqiu as Senior Vice President and Chief Audit Officer of the Company.
4. On 31 May 2023, the Company disclosed the Announcement No. 2023-034 on the Distribution of the 2022 Fial Dividend. As the
2022 Final Dividend Plan had been approved at the 2022 Annual General Meeting on 5 May 2023, the Company distributed a 2022
final dividend of RMB0.61 per 10 shares (dividend to B-shareholders paid in HKD according to the central parity rate of RMB and
HKD declared by the People’s Bank of China on the first working day immediately after the date of the relevant general meeting
resolution), with no bonus issue from either profit or capital reserves. th th
5. On 25 July 2023, the Company disclosed the Announcement on the Resolutions of the 17 Meeting of the 10 Board of Directors
(Announcement No. 2023-037) that Mr. Wu Lishun was nominated by the Company’s de facto controller, Beijing Electronics Holdings
th
Co., Ltd., as a non-independent director for the 10 Board of Directors of the Company. On 15 August 2023, the Company disclosed
st
the Announcement on the Resolutions of the 1 Extraordinary General Meeting of 2023 (Announcement No. 2023-041), at which the
th
Proposal on the Election of Non-independent Director of the 10 Board of Directors of the Company was deliberated and approved,
th
and Mr. Wu Lishun was elected as a non-independent director of the 10 Board of Directors of the Company.
th th
6. On 27 August 2020, the Company held the 15 Meeting of the 9 Board of Directors and approved the Proposal on the Repurchase
of Certain Public Shares of the Company, whereby the Company proposed to use its own funds to repurchase a portion of RMB-
denominated ordinary shares (A-Shares) issued by the Company by means of centralized bidding for the purpose of the implementation
| Overview of significant event | Disclosure date | Disclosure website |
| Announcement on the Signing of Supplemental Agreement (III) to the
Cooperation Agreement for the Life Science and Technology Industrial Base
Project | 10 June 2023 | www.cninfo.com.cn |
| Announcement on Investment and Construction of BOE Vietnam Project | 29 August 2023 | www.cninfo.com.cn |
| Announcement on Participation of Subsidiary in Establishment of Beijing-
Tianjin Joint Development (Beijing) Equity Investment Fund Partnership
(Limited Partnership) and the Related-party Transaction | 31 October 2023 | www.cninfo.com.cn |
| Announcement on the Investment for the Development of the Project of the
th
Production Lines of the 8.6 Generation AMOLED | 29 November 2023 | www.cninfo.com.cn |
| Announcement on Participation of Subsidiary in Establishment of Beijing
Xianzhilian Phase II Venture Capital Fund (Limited Partnership) | 29 November 2023 | www.cninfo.com.cn |
(Summary)
Chairman of the Board (signature): Mr. Chen Yanshun
Date of the Board’s approval of this Report: 29 March 2024
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