京东方Ｂ(200725):2024年年度审计报告（英文版）
原标题:京东方Ｂ:2024年年度审计报告（英文版） BOE Technology Group Co., Ltd. ENGLISH TRANSLATION OF CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR 1 JANUARY 2024 TO 31 DECEMBER 2024 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 2511030号 To 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 2024, 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 2024, and the consolidated and company financial performance and cash flows of BOE for the year then ended in accordance with the requirements of 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 2511030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 for 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 2511030号 Key Audit Matters (continued)
AUDITOR’S REPORT (continued) 毕马威华振审字第 2511030号 Key Audit Matters (continued)
AUDITOR’S REPORT (continued) 毕马威华振审字第 2511030号 Key Audit Matters (continued)
AUDITOR’S REPORT (continued) 毕马威华振审字第 2511030号 Other Information BOE’s management is responsible for the other information. The other information comprises all the information included in 2024 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 requirements of 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 2511030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 the management. ? Conclude on the appropriateness of the 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 (including the disclosures), structure and content of the financial statements 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 2511030号 Auditor’s Responsibilities for the Audit of the Financial Statement (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 Liu Jingyuan 18 April 2025 BOE Technology Group Co., Ltd. Consolidated balance sheet as at 31 December 2024 (Expressed in Renminbi Yuan) ? Note 2024 ? 2023 Assets ? ? ? ? ? ? ? ? ? Current assets ? ? ? ? Cash at bank and on hand V.1 74,252,625,215 ? 72,467,392,718 Financial assets held for trading V.2 3,116,435,963 ? 7,755,964,495 Bills receivable V.3 338,059,783 ? 375,577,011 Accounts receivable V.4 36,338,199,204 ? 33,365,416,490 Receivables under financing V.5 472,537,400 ? 408,534,622 Prepayments V.6 634,482,224 ? 558,659,780 Other receivables V.7 812,871,521 ? 726,659,207 Inventories V.8 23,313,464,392 ? 24,119,667,325 Contract assets V.9 150,871,486 ? 95,710,742 Non-current assets due within one year ? 3,900,201 ? 8,683,381 Other current assets V.10 3,954,007,985 ? 3,308,338,931 ? ? ? ? ? Total current assets ? 143,387,455,374 ? 143,190,604,702 ??????? The notes on pages 30 to 143 form part of these financial statements. BOE Technology Group Co., Ltd. Consolidated balance sheet as at 31 December 2024 (continued) (Expressed in Renminbi Yuan) ? Note 2024 ? 2023 Assets (continued) ? ? ? ? ? ? ? ? ? Non-current assets ? ? ? ? Long-term receivables ? 492,067 ? 3,341,844 Long-term equity investments V.11 13,533,271,302 ? 13,731,696,627 Investments in other equity instruments V.12 441,371,815 ? 494,629,577 Other non-current financial assets V.13 2,735,680,042 ? 2,253,778,325 Investment properties V.14 1,751,189,740 ? 1,412,553,446 Fixed assets V.15 204,904,419,511 ? 210,371,476,524 Construction in progress V.16 30,159,016,097 ? 29,670,115,546 Right-of-use assets V.17 754,408,280 ? 724,344,345 Intangible assets V.18 11,263,463,194 ? 11,565,585,700 Development costs VI.2 109,323,354 ? 166,977,531 Goodwill V.19 653,575,022 ? 704,705,586 Long-term deferred expenses V.20 598,444,923 ? 534,494,564 Deferred tax assets V.21 694,888,275 ? 396,877,020 Other non-current assets V.22 18,991,222,545 ? 3,965,918,458 ? ? ? ? ? Total non-current assets ? 286,590,766,167 ? 275,996,495,093 ? ? ? ? ? ? ? ? ? ? Total assets ? 429,978,221,541 ? 419,187,099,795 ?????? The notes on pages 30 to 143 form part of these financial statements. BOE Technology Group Co., Ltd. Consolidated balance sheet as at 31 December 2024 (continued) (Expressed in Renminbi Yuan) ? Note 2024 ? 2023 Liabilities and shareholders’ equity ? ? ? ? ? ? ? ? ? Current liabilities ? ? ? ? Short-term loans V.23 1,563,317,166 ? 1,746,184,534 Bills payable V.24 1,399,557,969 ? 919,313,033 Accounts payable V.25 36,713,498,406 ? 32,977,603,351 Advance payments received ? 118,971,193 ? 94,704,981 Contract liabilities V.26 2,083,836,158 ? 3,000,168,620 Employee benefits payable V.27 4,076,008,388 ? 3,100,911,276 Taxes payable V.28 1,576,606,596 ? 1,317,080,022 Other payables V.29 20,827,962,570 ? 19,487,760,965 Non-current liabilities due within one year V.30 43,506,539,611 ? 24,437,027,442 Other current liabilities V.31 3,394,971,140 ? 3,085,773,591 ? ? ? ? ? Total current liabilities ? 115,261,269,197 ? 90,166,527,815 ??????? The notes on pages 30 to 143 form part of these financial statements. BOE Technology Group Co., Ltd. Consolidated balance sheet as at 31 December 2024 (continued) (Expressed in Renminbi Yuan) ? Note 2024 ? 2023 Liabilities and shareholders’ equity (continued) ? ? ? ? ? ? ? ? ? Non-current liabilities ? ? ? ? Long-term loans V.32 100,932,391,740 ? 121,546,339,022 Lease liabilities V.33 631,418,986 ? 542,141,496 Long-term payables V.34 121,077,871 ? 171,611,393 Provisions V.35 1,652,566 ? 3,580,000 Deferred income V.36 4,544,617,931 ? 4,763,051,955 Deferred tax liabilities V.21 1,290,798,747 ? 1,694,639,729 Other non-current liabilities V.37 2,648,822,759 ? 2,500,522,066 ? ? ? ? ? Total non-current liabilities ? 110,170,780,600 ? 131,221,885,661 ? ? ? ? ? ? ? ? ? ? Total liabilities ? 225,432,049,797 ? 221,388,413,476 ?????? ? ? ? ? ? The notes on pages 30 to 143 form part of these financial statements. BOE Technology Group Co., Ltd. Consolidated balance sheet as at 31 December 2024 (continued) (Expressed in Renminbi Yuan) ? Note 2024 ? 2023 Liabilities and shareholders’ equity (continued) ? ? ? ? ? ? ? ? ? Shareholders’ equity ? ? ? ? Share capital V.38 37,645,016,203 ? 37,652,529,195 Other equity instruments V.39 2,043,402,946 ? 2,043,402,946 Capital reserve V.40 52,207,573,706 ? 52,113,580,746 Less: Treasury shares V.41 1,216,490,683 ? 462,036,240 Other comprehensive income V.42 (1,171,823,864) ? (1,136,997,224) Specific reserve ? 139,227,664 ? 66,472,402 Surplus reserve V.43 3,879,754,479 ? 3,571,778,635 Retained earnings V.44 39,410,894,857 ? 35,579,576,607 ? ? ? ? ? Total equity attributable to shareholders of the Company ? 132,937,555,308 ? 129,428,307,067 ? ? ? ? ? Non-controlling interests ? 71,608,616,436 ? 68,370,379,252 ? ? ? ? ? Total shareholders’ equity ? 204,546,171,744 ? 197,798,686,319 ? ? ? ? ? ? ? ? ? ? Total liabilities and shareholders’ equity ? 429,978,221,541 ? 419,187,099,795 ??????? These financial statements were approved by the Board of Directors on 18 April 2025. Chen Yanshun Feng Qiang Yang Xiaoping Xu Yaxiao (Company Chairman of the Chairman of the Chief Financial The head of the stamp) Board Executive Officer accounting Committee department (Signature and (Signature and (Signature and (Signature and stamp) stamp) stamp) stamp) The notes on pages 30 to 143 form part of these financial statements. BOE Technology Group Co., Ltd. Company balance sheet as at 31 December 2024 (Expressed in Renminbi Yuan) ? Note 2024 ? 2023 Assets ? ? ? ? ? ? ? ? ? Current assets ? ? ? ? Cash at bank and on hand ? 4,622,109,813 ? 4,255,943,334 Accounts receivable XVI.1 3,557,166,876 ? 4,870,413,096 Prepayments ? 6,440,618 ? 4,807,079 Other receivables XVI.2 32,075,715,118 ? 28,381,628,538 Inventories ? 31,198,429 ? 19,337,053 Other current assets ? 143,433,811 ? 126,758,000 ? ? ? ? ? Total current assets ? 40,436,064,665 ? 37,658,887,100 ? ? ? ? ? Non-current assets ? ? ? ? Long-term equity investments XVI.3 203,191,541,965 ? 191,109,201,591 Investments in other equity instruments ? 60,783,163 ? 62,020,419 Other non-current financial assets ? 1,562,089,931 ? 1,493,778,324 Investment properties ? 235,247,956 ? 246,605,801 Fixed assets ? 1,542,132,717 ? 945,373,523 Construction in progress ? 1,262,758,363 ? 612,320,190 Right-of-use assets ? 47,104,764 ? 86,718,376 Intangible assets ? 1,001,523,422 ? 997,974,193 Long-term deferred expenses ? 290,214,066 ? 337,051,031 Other non-current assets ? 320,460,049 ? 1,740,557,308 ? ? ? ? ? Total non-current assets ? 209,513,856,396 ? 197,631,600,756 ? ? ? ? ? ? ? ? ? ? Total assets ? 249,949,921,061 ? 235,290,487,856 ???? The notes on pages 30 to 143 form part of these financial statements. BOE Technology Group Co., Ltd. Company balance sheet as at 31 December 2024 (continued) (Expressed in Renminbi Yuan) ? Note 2024 ? 2023 Liabilities and shareholders’ equity ? ? ? ? ? ? ? ? ? Current liabilities ? ? ? ? Accounts payable ? 503,922,556 ? 566,941,531 Advance payments received ? 13,140,209 ? 10,542,897 Contract liabilities ? 719,297 ? 74,594 Employee benefits payable ? 453,127,454 ? 300,267,423 Taxes payable ? 310,771,542 ? 279,057,718 Other payables XVI.4 3,471,340,673 ? 3,515,995,979 Non-current liabilities due within one year ? 11,029,129,176 ? 4,029,679,945 Other current liabilities ? 609,513,850 ? 77,354,731 ? ? ? ? ? Total current liabilities ? 16,391,664,757 ? 8,779,914,818 ? ? ? ? ? Non-current liabilities ? ? ? ? Long-term loans XVI.5 41,257,600,000 ? 44,053,100,000 Lease liabilities ? 555,400 ? 42,482,289 Deferred income ? 47,137,540 ? 954,798,900 Deferred tax liabilities ? 18,162,044 ? 222,201,768 Other non-current liabilities ? 89,520,793,681 ? 79,800,793,681 ? ? ? ? ? Total non-current liabilities ? 130,844,248,665 ? 125,073,376,638 ? ? ? ? ? ? ? ? ? ? Total liabilities ? 147,235,913,422 ? 133,853,291,456 ??????? The notes on pages 30 to 143 form part of these financial statements. BOE Technology Group Co., Ltd. Company balance sheet as at 31 December 2024 (continued) (Expressed in Renminbi Yuan) ? Note 2024 ? 2023 Liabilities and shareholders’ equity (continued) ? ? ? ? ? ? ? ? ? Shareholders’ equity ? ? ? ? Share capital V.38 37,645,016,203 ? 37,652,529,195 Other equity instruments V.39 2,043,402,946 ? 2,043,402,946 Capital reserve XVI.6 51,871,366,552 ? 51,741,820,724 Less: Treasury shares V.41 1,216,490,683 ? 462,036,240 Other comprehensive income XVI.7 (267,884,908) ? (296,433,056) Surplus reserve V.43 3,879,754,479 ? 3,571,778,635 Retained earnings XVI.8 8,758,843,050 ? 7,186,134,196 ? ? ? ? ? Total shareholders’ equity ? 102,714,007,639 ? 101,437,196,400 ? ? ? ? ? ? ? ? ? ? Total liabilities and shareholders’ equity ? 249,949,921,061 ? 235,290,487,856 ?????? These financial statements were approved by the Board of Directors on 18 April 2025. Chen Yanshun Feng Qiang Yang Xiaoping Xu Yaxiao (Company Chairman of the Chairman of the Chief Financial The head of the stamp) Board Executive Officer accounting Committee department (Signature and (Signature and (Signature and (Signature and stamp) stamp) stamp) stamp) The notes on pages 30 to 143 form part of these financial statements. BOE Technology Group Co., Ltd. Consolidated income statement for the year ended 31 December 2024 (Expressed in Renminbi Yuan) ? Note 2024 ? 2023 ? ? ? ? ? I. Operating income V.45 198,380,605,661 ? 174,543,445,895 ? ? ? ? ? II. Less: Operating costs V.45 168,221,949,573 ? 154,473,670,036 Taxes and surcharges V.46 1,296,146,896 ? 1,132,985,865 Selling and distribution expenses V.47 1,995,294,652 ? 1,896,331,536 General and administrative expenses V.48 6,218,672,130 ? 5,944,875,540 Research and development expenses V.49 13,123,309,231 ? 11,319,503,088 Financial expenses V.50 1,224,387,370 ? 1,150,310,546 Including: Interest expenses ? 4,033,259,880 ? 3,536,889,899 Interest income ? 2,285,948,395 ? 2,032,287,888 Add: Other income V.51 2,288,477,566 ? 4,202,333,156 Investment income (“-” for losses) V.52 (540,900,653) ? 810,709,642 Including: Income from investments in associates and joint ventures ? (752,455,175) ? 702,555,344 Gains from changes in fair value V.53 522,447,744 ? 291,542,233 Credit losses V.54 (112,125,114) ? (18,562,198) Impairment losses V.55 (3,624,262,580) ? (2,406,230,634) Gains from asset disposals V.56 96,175,264 ? 13,090,386 ? ? ? ? ? III. Operating profit ? 4,930,658,036 ? 1,518,651,869 ? ? ? ? ? Add: Non-operating income V.57 216,286,272 ? 383,996,163 Less: Non-operating expenses V.57 61,290,675 ? 69,649,357 ??????? The notes on pages 30 to 143 form part of these financial statements. BOE Technology Group Co., Ltd. Consolidated income statement for the year ended 31 December 2024 (continued) (Expressed in Renminbi Yuan) ? Note 2024 ? 2023 ? ? ? ? ? IV. Profit before income tax ? 5,085,653,633 ? 1,832,998,675 ? ? ? ? ? Less: Income tax expenses V.58 940,379,751 ? 1,463,127,346 ? ? ? ? ? V. Net profit for the year ? 4,145,273,882 ? 369,871,329 ? ? ? ? ? Shareholders of the Company ? 5,323,248,974 ? 2,547,435,360 Non-controlling interests ? (1,177,975,092) ? (2,177,564,031) ?????? The notes on pages 30 to 143 form part of these financial statements. BOE Technology Group Co., Ltd. Consolidated income statement for the year ended 31 December 2024 (continued) (Expressed in Renminbi Yuan) ? Note 2024 ? 2023 ? ? ? ? ? VI. Other comprehensive income, net of tax V.42 (5,776,420) ? (18,318,697) ? ? ? ? ? Other comprehensive income (net of tax) attributable to shareholders of the Company ? (19,707,777) ? (114,919,973) (1) Items that will not be reclassified to profit or loss ? ? ? ? 1. Other comprehensive income recognised under equity method ? 45,589,853 ? (302,258,742) 2. Changes in fair value of investments in other equity instruments ? (35,206,474) ? 4,408,730 (2) Items that may be reclassified to profit or loss ? ? ? ? 1. Other comprehensive income recognised under equity method ? - ? 38,009 2. Translation differences arising from translation of foreign currency financial statements ? (30,091,156) ? 182,892,030 Other comprehensive income (net of tax) attributable to non-controlling interests ? 13,931,357 ? 96,601,276 ??????? The notes on pages 30 to 143 form part of these financial statements. BOE Technology Group Co., Ltd. Consolidated income statement for the year ended 31 December 2024 (continued) (Expressed in Renminbi Yuan) ? Note 2024 ? 2023 ? ? ? ? ? VII. Total comprehensive income for the year ? 4,139,497,462 ? 351,552,632 ? ? ? ? ? Attributable to shareholders of the Company ? 5,303,541,197 ? 2,432,515,387 Attributable to non-controlling interests ? (1,164,043,735) ? (2,080,962,755) ? ? ? ? ? VIII. Earnings per share ? ? ? ? (1) Basic earnings per share V.59 0.14 ? 0.06 (2) Diluted earnings per share V.59 Not applicable? ? Not applicable ?????? These financial statements were approved by the Board of Directors on 18 April 2025. Chen Yanshun Feng Qiang Yang Xiaoping Xu Yaxiao (Company Chairman of the Chairman of the Chief Financial The head of the stamp) Board Executive Officer accounting Committee department (Signature and (Signature and (Signature and (Signature and stamp) stamp) stamp) stamp) The notes on pages 30 to 143 form part of these financial statements. BOE Technology Group Co., Ltd. Company income statement for the year ended 31 December 2024 (Expressed in Renminbi Yuan) ? Note 2024 ? 2023 ? ? ? ? ? I. Operating income XVI.9 5,558,110,352 ? 4,708,465,987 ? ? ? ? ? II. Less: Operating costs XVI.9 11,459,521 ? 12,627,567 Taxes and surcharges ? 41,818,720 ? 43,605,220 General and administrative expenses ? 1,944,464,914 ? 1,332,250,430 Research and development expenses ? 2,452,578,625 ? 2,128,570,079 Financial expenses ? 494,390,647 ? 480,003,968 Including: Interest expenses ? 528,904,973 ? 545,603,838 Interest income ? 39,349,343 ? 71,059,318 Add: Other income ? 955,230,189 ? 951,291,761 Investment income (“-” for losses) XVI.10 1,708,144,852 ? 1,991,483,354 Including: Income from investments in associates and joint ventures ? (476,270,739) ? 429,364,809 Gains from changes in fair value ? 3,403,675 ? 49,498,773 Credit losses ? (80,000,336) ? 5,490,866 Gains from asset disposals ? 818 ? 5,077,109 ? ? ? ? ? III. Operating profit ? 3,200,177,123 ? 3,714,250,586 ? ? ? ? ? Add: Non-operating income ? 6,601,784 ? 3,921,345 Less: Non-operating expenses ? 22,272,166 ? 6,859,836 ? ? ? ? ? IV. Profit before income tax ? 3,184,506,741 ? 3,711,312,095 ? ? ? ? ? Less: Income tax expenses ? 105,274,860 ? 405,340,309 ? ? ? ? ? V. Net profit for the year ? 3,079,231,881 ? 3,305,971,786 ??????? The notes on pages 30 to 143 form part of these financial statements. BOE Technology Group Co., Ltd. Company income statement for the year ended 31 December 2024 (continued) (Expressed in Renminbi Yuan) ? Note 2024 ? 2023 ? ? ? ? ? VI. Other comprehensive income, net of tax XVI.7 29,074,708 ? (295,598,180) ? ? ? ? ? (1) Items that will not be reclassified to profit or loss ? ? ? ? 1. Other comprehensive income recognised under equity method ? 30,126,376 ? (302,258,742) 2. Changes in fair value of investments in other equity instruments ? (1,051,668) ? 6,660,562 (2) Items that may be reclassified to profit or loss ? - ? - ? ? ? ? ? VII. Total comprehensive income for the year ? 3,108,306,589 ? 3,010,373,606 ??? These financial statements were approved by the Board of Directors on 18 April 2025. Chen Yanshun Feng Qiang Yang Xiaoping Xu Yaxiao (Company Chairman of the Chairman of the Chief Financial The head of the stamp) Board Executive Officer accounting Committee department (Signature and (Signature and (Signature and (Signature and stamp) stamp) stamp) stamp) The notes on pages 30 to 143 form part of these financial statements. BOE Technology Group Co., Ltd. Consolidated cash flow statement for the year ended 31 December 2024 (Expressed in Renminbi Yuan) ? Note 2024 ? 2023 I. Cash flows from operating activities: ? ? ? ? Proceeds from sale of goods and rendering of services ? 207,177,636,682 ? 180,947,736,116 Refund of taxes ? 9,436,155,018 ? 10,373,888,040 Proceeds from other operating activities V.60(1) a 2,601,966,374 ? 6,145,484,931 ? ? ? ? ? Sub-total of cash inflows ? 219,215,758,074 ? 197,467,109,087 ? ? ? ? ? Payment for goods and services ? (139,974,564,163) ? (129,474,896,348) Payment to and for employees ? (19,215,661,123) ? (18,253,350,198) Payment of various taxes ? (4,938,746,118) ? (3,823,925,586) Payment for other operating activities V.60(1) b (7,349,209,291) ? (7,613,110,071) ? ? ? ? ? Sub-total of cash outflows ? (171,478,180,695) ? (159,165,282,203) ? ? ? ? ? ? ? ? ? ? Net cash flows generated from operating activities V.61(1) 47,737,577,379 ? 38,301,826,884 ?????? The notes on pages 30 to 143 form part of these financial statements. BOE Technology Group Co., Ltd. Consolidated cash flow statement for the year ended 31 December 2024 (continued) (Expressed in Renminbi Yuan) ? Note 2024 ? 2023 II. Cash flows from investing activities: ? ? ? ? Proceeds from disposal of investments ? 59,316,324,819 ? 70,648,492,540 Investment returns received ? 671,568,341 ? 569,248,170 Net proceeds from disposal of fixed assets, intangible assets and other long-term assets ? 156,338,437 ? 62,750,260 Net proceeds from acquisition of subsidiaries V.61(2) - ? 59,293,141 Proceeds from other investing activities V.60(2) a 2,485,332,205 ? 3,940,488,690 ? ? ? ? ? Sub-total of cash inflows ? 62,629,563,802 ? 75,280,272,801 ? ? ? ? ? Payment for acquisition of fixed assets, intangible assets and other long-term assets ? (34,037,798,428) ? (24,807,796,061) Payment for acquisition of investments ? (61,241,398,520) ? (79,608,953,781) Net payment for acquisition of subsidiaries V.61(2) - ? (165,333,139) ? ? ? ? ? Sub-total of cash outflows ? (95,279,196,948) ? (104,582,082,981) ? ? ? ? ? ? ? ? ? ? Net cash flows used in investing activities ? (32,649,633,146) ? (29,301,810,180) ?????? The notes on pages 30 to 143 form part of these financial statements. BOE Technology Group Co., Ltd. Consolidated cash flow statement for the year ended 31 December 2024 (continued) (Expressed in Renminbi Yuan) ? Note 2024 ? 2023 III. Cash flows from financing activities: ? ? ? ? Proceeds from investors ? 4,652,010,645 ? 3,291,140,600 Including: Proceeds from non- controlling shareholders of subsidiaries ? 4,652,010,645 ? 3,291,140,600 Proceeds from borrowings ? 47,194,037,263 ? 27,341,860,631 ? ? ? ? ? Sub-total of cash inflows ? 51,846,047,908 ? 30,633,001,231 ?????? The notes on pages 30 to 143 form part of these financial statements. BOE Technology Group Co., Ltd. Consolidated cash flow statement for the year ended 31 December 2024 (continued) (Expressed in Renminbi Yuan) ? Note 2024 ? 2023 III. Cash flows from financing activities (continued): ? ? ? ? Repayments of borrowings ? (49,117,270,919) ? (30,091,893,380) Payment for redemption of debentures ? - ? (6,000,000,000) Payment for dividends or interest ? (6,390,837,882) ? (8,306,333,083) Including: Profits paid to non- controlling shareholders of subsidiaries ? (91,448,476) ? (72,650,624) Payment for other financing activities V.60(3) a (1,855,318,097) ? (7,896,143,409) ? ? ? ? ? Sub-total of cash outflows ? (57,363,426,898) ? (52,294,369,872) ? ? ? ? ? ? ? ? ? ? Net cash flows used in financing activities ? (5,517,378,990) ? (21,661,368,641) ? ? ? ? ? IV. Effect of foreign exchange rate changes on cash and cash equivalents ? 341,705,520 ? 372,295,921 ? ? ? ? ? ? ? ? ? ? V. Net increase/(decrease) in cash and cash equivalents V.61(1) b 9,912,270,763 ? (12,289,056,016) ? ? ? ? ? Add: Cash and cash equivalents at the beginning of the year ? 52,092,981,748 ? 64,382,037,764 ? ? ? ? ? VI. Cash and cash equivalents at the end of the year V.61(3) 62,005,252,511 ? 52,092,981,748 ?????? These financial statements were approved by the Board of Directors on 18 April 2025. Chen Yanshun Feng Qiang Yang Xiaoping Xu Yaxiao (Company Chairman of the Chairman of the Chief Financial The head of the stamp) Board Executive Officer accounting Committee department (Signature and (Signature and (Signature and (Signature and stamp) stamp) stamp) stamp) The notes on pages 30 to 143 form part of these financial statements. BOE Technology Group Co., Ltd. Company cash flow statement for the year ended 31 December 2024 (Expressed in Renminbi Yuan) ? Note 2024 ? 2023 I. Cash flows from operating activities: ? ? ? ? Proceeds from sale of goods and rendering of services ? 8,576,350,715 ? 4,312,367,550 ?Refund of taxes ? 12,091 ? - Proceeds from other operating activities ? 458,561,728 ? 622,801,775 ? ? ? ? ? Sub-total of cash inflows ? 9,034,924,534 ? 4,935,169,325 ? ? ? ? ? Payment for goods and services ? (1,041,936,007) ? (1,098,622,995) Payment to and for employees ? (1,348,047,244) ? (1,333,331,329) Payment of various taxes ? (470,413,241) ? (433,065,340) Payment for other operating activities ? (1,204,371,696) ? (1,099,330,089) ? ? ? ? ? Sub-total of cash outflows ? (4,064,768,188) ? (3,964,349,753) ? ? ? ? ? ? ? ? ? ? Net cash flows generated from operating activities XVI.11(1) 4,970,156,346 ? 970,819,572 ? ? ? ? ? II. Cash flows from investing activities: ? ? ? ? Proceeds from disposal of investments ? 2,807,425,581 ? 1,200,350,000 Investment returns received ? 2,527,840,286 ? 955,365,976 Net proceeds from disposal of fixed assets ? 842,917 ? 682,093 Proceeds from other investing activities ? 6,942,812,478 ? 1,260,912,332 ? ? ? ? ? Sub-total of cash inflows ? 12,278,921,262 ? 3,417,310,401 ??????? The notes on pages 30 to 143 form part of these financial statements. BOE Technology Group Co., Ltd. Company cash flow statement for the year ended 31 December 2024 (continued) （未完）  |