[年报]京东方Ｂ(200725):2024年年度报告摘要（英文版）
BOE TECHNOLOGY GROUP CO., LTD. ANNUAL REPORT 2024 (SUMMARY) Part I Important Notes This Summary is based on the full Annual Report of BOE Technology Group Co., Ltd. (together with its consolidated subsidiaries, the “Company”, except where the context otherwise requires). In order for a full understanding of the Company’s operating results, financial position and future development plans, investors should carefully read the aforesaid full report, which has been disclosed together with this Summary on the media designated by the China Securities Regulatory Commission (the “CSRC”). All the Company’s directors have attended the Board meeting for the review of this Report and its summary. Independent auditor’s modified opinion: □ Applicable ? Not applicable Board-approved final cash and/or stock dividend plan: ? Applicable □ Not applicable Bonus issue from capital reserves: □ Yes ? No The Board has approved a final dividend plan for the Reporting Period. Based on 37,416,133,303 shares, a cash dividend of RMB0.5 (tax inclusive) per 10 shares is to be distributed to all the shareholders, with no bonus issue from either profit or capital reserves. Board-approved final cash and/or stock dividend plan for preference shareholders: □ Applicable ? Not applicable This Report and its summary have been prepared in both Chinese and English. Should there be any discrepancies or misunderstandings between the two versions, the Chinese versions shall prevail. Part II Key Corporate Information 1. Stock Profile
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 “To Be the Most Respected Company on Earth” as its vision and, BOE always keeps in mind the mission of “Change Life with BOE Display Everywhere”, upholds the core values of “Integrity & Reliability, Dedication to Customers, Being People-oriented, Openness and Innovation”, as well as adheres to the business philosophy of “Doing the Right Thing, Innovation and Progress Seeking”. In pursuit of high-quality, sustainable development and guided by the strategy of “Empower IoT with Display”, BOE has been forging ahead through innovation, as well as accelerating the realisation of high-level collaboration within and outside the industry. BOE has grown into a world leader in the semiconductor display industry and a global innovative company in the IoT sector. At present, it has a significant number of manufacturing bases in Beijing, Hefei, Chengdu, Chongqing, Fuzhou, Mianyang, Wuhan, Kunming, Suzhou Ordos, etc., with subsidiaries across nearly 20 countries and regions including the United States, Germany, Japan, South Korea, Singapore, India, Brazil, and the United Arab Emirates, as well as a service system that covers major regions of the world, such as Europe, Americas, Asia, and Africa. Adhering to a “market-oriented, international, and professional” development approach, the Company keeps in mind the people- oriented principle, drives continuous innovations in an intelligent and IoT-based era, as well as provides customers with better products and more thoughtful service experience with its well-established global network and a diverse product and service system. To embrace the development trends of the industry, 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 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 development, 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 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 and other technologies, focusing on providing customers with high-quality display devices for smartphones, tablet PCs, laptops, monitors, TVs, vehicles, 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 business offers integrated design and manufacturing solutions, focuses on FPXD, smart display windows, MEMS, industrial detectors (FPXD), intelligent PDLC windows and PDLC system solutions, consumer electronics and industrial application solutions, and advanced packaging, among others. 4. The MLED business The MLED business provides LED solutions with integrated R&D, manufacturing and marketing services. Focused on devices and solutions, this business renders LED backlight products with high quality and reliability for TVs, monitors, notebooks, vehicles, etc., as well as Mini/Micro-LED display products with high brightness, high reliability and high contrast for segment markets of outdoor, commercial, transparent, specialized and other displays. All these products are designed and manufactured in an integrated manner. 5. The Smart Engineering Medicine business The Smart Engineering Medicine business adopts a professional service model to provide products, services and solutions in relation to medical care, smart nursing, medical-engineering integration, etc. Meanwhile, this business is committed to providing a closed loop of through-life health services with health management as the core, medical terminals as the traction, and digital hospitals and recreational communities as the support. It connects testing equipment, healthcare workers and customers through the smart health management ecosystem where customers enjoy professional health services including prevention, treatment, therapy and nursing. 6. The “N” business With a specific focus on the "N" business, the Company provides hardware and software integrated system solutions for different segments, including intelligent car networking, smart energy, industrial IoT, UHD display, etc., which can provide customers with multi-functional and smart new experience under IoT scenarios. In terms of intelligent car networking, the business integrates DMS, gesture recognition, touch feedback, naked-eye 3D and other functions, focuses on the intelligent cockpit "HERO" innovative application scenarios, and promote the continuous upgrading of products and solutions in the field of vehicle-mounted display and interaction. One-stop products and services for automotive intelligent upgrading are provided, representing a new leading ecosystem of innovative and intelligent travel. In terms of the smart energy business, BOE focuses on zero-carbon integrated energy services. With BSEOS as the empowering platform, it revolves around various aspects of "source-grid-load-storage-carbon." It offers a zero-carbon implementation path of "source decarbonization, process decarbonization, end negative carbon, and intelligent carbon management," providing customers with comprehensive energy services and utilization, and zero-carbon solutions. In terms of the industrial internet business, BOE is committed to providing industrial software, intelligent manufacturing solutions for the pan-semiconductor industry. Leveraging over three decades of industry experience, BOE offers pan-semiconductor industrial software, smart factory services, industrial AI, and other products and services, continuously driving high-quality development across the industry. The ultra-high-definition display business has entered a new development stage with key ultra-high-definition technologies driving the industrial chain of ultra-high-definition front-end capture, transmission, distribution, and terminal display, connecting the 8K ultra- high-definition video industry content production chain, and promoting the application of ultra-high-definition in visual arts and other digital scenarios. 3. Key Financial Information (1) Key Financial Information of the Past Three Years Indicate by tick mark whether there is any retrospectively restated datum in the table below. ? Yes □ No Reason for retrospective restatement: Change of accounting policy.
of last year. The said changes of accounting policies have no significant impact on the Company’s financial condition and operating results. The said changes of accounting policies have no significant impact on the above key accounting data and financial indicators. (2) Key Financial Information by Quarter Unit: RMB
have been disclosed in the Company’s quarterly or interim reports. □ Yes ? No 4. Share Capital and Shareholder Information at the Period-End (1) Numbers of Ordinary Shareholders and Preferred Shareholders with Resumed Voting Rights as well as Holdings of Top 10 Shareholders Unit: share
? Applicable □ Not applicable Unit: share
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. 2. 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. 5. Outstanding Bonds at the Date when this Report Was Authorized for Issue □ Applicable ? Not applicable 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. The bond outstanding as of the end of this reporting period is as follows:
interest payment plan was RMB35.00 (including tax) every ten bonds. The Company disclosed the Announcement on the Public Offering of Corporate Bonds to Professional Investors Obtaining Registration Approval from the CSRC (Announcement No. 2024- 052) on 9 October 2024. The Company received the CSRC Permit [2024] No. 1330, which agreed to the Company's public offering of corporate bonds with an aggregate nominal value of no more than RMB10 billion to professional investors. The Company disclosed the Announcement on Not Exercising the Issuer’s Renewal Option for the 2022 Public Offering of Renewable Corporate Bonds of BOE (for professional investors) (Digital Economy) (Phase I) (Announcement No. 2025-008) on 11 February 2025, and the third anniversary of 22BOEY1 fell on 25 March 2025. According to the relevant provisions of the Prospectus and the Listing Declaration, the Company decides not to exercise the renewal option of bond issuer. That is, the current bonds were to be fully redeemed. As the Company disclosed the Announcement on the Redemption of the Principal and Interest of the "22BOEY1" Corporate Bonds and the De-listing of the Bonds (Announcement No. 2025-010) on 21 March 2025, it would pay the interest of the bonds generated between 25 March 2024 and 24 March 2025, as well as the principal of the bonds, on 25 March 2025, and de-list the bonds. 2. The Company disclosed the Announcement on Resignation of Director (Announcement No. 2024-001) on 24 January 2024, due to the change of work, Mr. Pan Jinfeng applied for resignation as Director and Vice Chairman of the Board and will not hold any position in the Company after his resignation. The Company disclosed the Announcement on Resignation of Director (Announcement No. 2024- 004) on 13 March 2024, due to age, Mr. Liu Xiaodong applied for resignation as Director, Vice Chairman of the Board and Member of Special Committee of the Board and will continue to serve as Member of the Executive Committee in the Company after his resignation; Ms. Sun Yun applied for resignation as Director and Member of Special Committee of the Board and will continue to serve as Member of the Executive Committee and Executive Vice President in the Company after her resignation. The Company th disclosed the Announcement on Election of Non-Independent Directors of the 10 Board of Directors (Announcement No. 2024-018) on 2 April 2024. The Company disclosed the Announcement on Resolutions of the 2023 Annual General Meeting (Announcement No. th 2024-023) on 27 April 2024 which reviewed and approved the Proposal on Election of Non-Independent Directors of the 10 Board th of Directors, and Mr. Feng Qiang, Mr. Zhu Baocheng and Mr. Wang Xiping were elected as non-independent directors of the 10 th th Board of Directors of the Company. The Company disclosed the Announcement on Resolutions of the 30 Meeting of the 10 Board of Directors (Announcement No. 2024-028) on 28 May 2024 which reviewed and approved the Proposal on Election of Vice Chairman th th of the 10 Board of Directors, and Mr. Feng Qiang and Mr. Zhu Baocheng were elected by the Board as Vice Chairman of the 10 Board of Directors. The Company disclosed the Announcement on Resignation of Supervisor (Announcement No. 2024-031) on 13 June 2024, due to job turnover, Mr. Sun Fuqing applied for resignation as a supervisor and will not hold any position in the Company after his resignation. The Company disclosed the Announcement on Resignation of Director (Announcement No. 2024-038) on 9 July 2024, due to the change of work, Mr. Zhu Baocheng applied for resignation as Director and Vice Chairman of the Board and will not nd hold any position in the Company after his resignation. The Company disclosed the Announcement on Resolutions of the 32 Meeting th of the 10 Board of Directors (Announcement No. 2024-042) on 25 July 2024 which reviewed and approved the Proposal on Adjusting the Composition of the Company’s Executive Committee and Appointing Senior Management. Mr. Feng Qiang, a current senior management of the Company, was promoted from a member of the Executive Committee and Executive Vice President to Vice Chairman of the Executive Committee; and Mr. Liu Zhiqiang was appointed by the Board as a member of the Executive Committee st and Senior Vice President of the Company. The Company disclosed the Announcement on Resolutions of the 1 Extraordinary General Meeting in 2024 (Announcement No. 2024-040) on 25 July 2024 which reviewed and approved the Proposal on Election of Supervisor th th of the 10 Supervisory Committee, and Mr. Song Ligong was elected as a supervisor of the 10 Supervisory Committee. The Company disclosed the Announcement on Resignation of Senior Management (Announcement No. 2024-041) on 25 July 2024, due to age, Mr. Liu Xiaodong applied for resignation as a member of the Executive Committee of the Company and will continue to work in the Company responsible for promoting major projects of the Company. The Company disclosed the Announcement on Resignation of Senior Management (Announcement No. 2024-051) on 21 September 2024, due to job transfer, Mr. Zhang Yu applied for resignation as a member of the Executive Committee and Executive Vice President and will not hold any position in the Company after his resignation. The Company disclosed the Announcement on Resignation of Director (Announcement No. 2024-053) on 16 October 2024, due to work arrangement, Mr. Wu Lishun applied for resignation as director and the relevant positions of Special Committee of th th Announcement on Resolutions of the 38 Meeting of the 10 Board of Directors (Announcement No. 2024-054) on 31 October 2024 which reviewed and approved the Proposal on Appointment of Senior Management of the Company, and both Mr. Liu Jing and Mr. Yun Xiangnan were appointed by the Board as a member of the Executive Committee and Vice President. The Company disclosed the nd Announcement on Resolutions of the 2 Extraordinary General Meeting in 2024 (Announcement No. 2024-069) on 16 November th 2024 which reviewed and approved the Proposal on Election of Non-Independent Directors of the 10 Board of Directors, and Mr. th Guo Chuan was elected as a non-independent director of the 10 Board of Directors of the Company. The Company disclosed the st Announcement on Resolutions of the 1 Extraordinary General Meeting in 2025 (Announcement No. 2025-002), Announcement on st th Resolutions of the 1 Meeting of the 11 Board of Directors (Announcement No. 2025-005) and Announcement on Resolutions of the st th 1 Meeting of the 11 Supervisory Committee (Announcement No. 2025-006) on 15 January 2025, which reviewed and approved proposals related to general election and completed the general election. For more details, please refer to relevant announcements. 3. On 13 June 2024, the Company disclosed the Announcement on the Distribution of the 2023 Final Dividend (Announcement No. 2024-030). As the 2023 Final Dividend Plan had been approved at the 2023 Annual General Meeting on 26 April 2024, the Company distributed a 2023 final dividend of RMB0.3 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. 4. Following the approval of the Proposal on the Repurchase of Some Public Shares at the 38th Meeting of the 10th Board of Directors, the Company disclosed the Announcement on the Repurchase of Some Public Shares (Announcement No. 2024-061) on 31 October 2024. On 14 November 2024, the Company disclosed the Voluntary Information Disclosure Announcement on Receiving a Letter of Loan Commitment and Obtaining Financing Support for Share Repurchase (Announcement No. 2024-066). The Company received a Letter of Loan Commitment issued by Beijing Branch of Industrial and Commercial Bank of China Co., Ltd., committing to provide the Company with a special loan of RMB700 million (not exceeding 70% of the repurchase transaction price) for share repurchase. The Company carried out the first repurchase on 22 November 2024 and disclosed the Announcement on the First Repurchase of Some Public Shares (Announcement No. 2024-072) on 23 November 2024. On 3 January 2025, the Company disclosed the Announcement on the Completed Implementation of Share Repurchase Programme and Repurchase Implementation Results (Announcement No.: 2025-001). As at 31 December 2024, the Company has implemented the repurchase of the Company's shares by means of centralized bidding through a special securities account for the repurchase, and the cumulative number of A Shares repurchased was 228,882,900, accounting for approximately 0.62% of the Company's A Shares and 0.61% of the Company's total share capital, with the highest transaction price of RMB4.46 per share and the lowest transaction price of RMB4.22 per share. The total amount paid was RMB999,872,378 (exclusive of transaction costs). The above repurchase of the Company was in line with the requirements of relevant laws and regulations, as well as the established repurchase programme of the Company.
Chairman of the Board (signature): Mr. Chen Yanshun Date of the Board’s approval of this Report: 18 April 2025 中财网
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