Stock Code: 000725 Stock Name: BOE-A Announcement No. 2021-088Stock Code: 200725 Stock Name: BOE-B Announcement No. 2021-088
BOE TECHNOLOGY GROUP CO., LTD.THIRD QUARTERLY REPORT 2021
BOE Technology Group Co., Ltd. (hereinafter referred to as the“Company”) and all themembers of the Company’s Board of Directors hereby guarantee that the contents of thisReport are true, accurate and complete and free of any misrepresentations, misleadingstatements or material omissions.
Important Notes:
1. The Board of Directors, the Supervisory Committee as well as the directors, supervisors and seniormanagement of the Company hereby guarantee that the contents of this Report are true, accurate and completeand free of any misrepresentations, misleading statements or material omissions, and collectively andindividually accept legal responsibility for such contents.
2. Mr. Chen Yanshun, the Company’s legal representative, Mr. Liu Xiaodong, president of the Company’sExecution Committee(Chief Executive Officer), Ms. Sun Yun, the Company’s Chief Financial Officer, and Ms.Yang Xiaoping, head of the Company’s financial department (equivalent to financial manager) herebyguarantee that the Financial Statements carried in this Report are factual, accurate and complete.
3. This Report has been prepared in both Chinese and English. Should there be any discrepancies ormisunderstandings between the two versions, the Chinese version shall prevail.
4. Indicate whether the financial statements in this Report have been audited by an independent auditor.
□Yes √ No
I Key Financial Information(I) Key Accounting Data and Financial IndicatorsIndicate by tick mark whether there is any retrospectively restated datum in the table below.
√ Yes □ No
Reason for any retrospectively adjustment or restatementOther reasons
BOE Technology Group Co., Ltd. Third Quarterly Report 2021
| Item | Q3 2021 | Q3 2020 | YoY change (%) | Q1-Q3 2021 | Q1-Q3 2020 | YoY change (%) | ||
| Before | After | After | Before | After | After | |||
| Operating revenue (RMB) | 55,993,022,701.00 | 40,820,898,656.00 | 38,149,823,526.00 | 46.77% | 163,278,349,727.00 | 101,687,972,162.00 | 94,901,152,591.00 | 72.05% |
| Net profit attributable to the listed company’s shareholders (RMB) | 7,253,390,635.00 | 1,340,387,777.00 | 1,340,387,777.00 | 441.14% | 20,015,415,603.00 | 2,475,838,102.00 | 2,475,838,102.00 | 708.43% |
| Net profit attributable to the listed company’s shareholders before exceptional items (RMB) | 6,937,108,280.00 | 1,064,128,213.00 | 1,064,128,213.00 | 551.91% | 18,598,725,052.00 | 887,799,628.00 | 887,799,628.00 | 1,994.92% |
| Net cash generated from/used in operating activities (RMB) | —— | —— | —— | —— | 44,751,381,483.00 | 23,468,514,408.00 | 23,468,514,408.00 | 90.69% |
| Basic earnings per share (RMB/share) | 0.197 | 0.035 | 0.035 | 462.86% | 0.560 | 0.061 | 0.061 | 818.03% |
| Diluted earnings per share (RMB/share) | 0.197 | 0.035 | 0.035 | 462.86% | 0.559 | 0.061 | 0.061 | 816.39% |
| Weighted average return on equity (%) | 6.56% | 1.37% | 1.37% | 5.19% | 19.76% | 2.42% | 2.42% | 17.34% |
| Item | 30 September 2021 | 31 December 2020 | YoY change (%) | |||||
| Before | After | After | ||||||
| Total assets (RMB) | 453,872,086,509.00 | 424,256,806,331.00 | 424,256,806,331.00 | 6.98% | ||||
| Equity attributable to the listed company’s shareholders (RMB) | 138,926,744,163.00 | 103,276,766,835.00 | 103,276,766,835.00 | 34.52% | ||||
Reason for any retrospectively adjustment or restatementLast year quarterly operating revenue was restated according to the audited data, which had no impact on other financial indicators.(II) Exceptional Gains and Losses
√ Applicable □ Not applicable
Unit: RMB
| Item | Q3 2021 | Q1-Q3 2021 | Note |
| Gain or loss on disposal of non-current assets (inclusive of impairment allowance write-offs) | 32,198,996.00 | 179,968,654.00 | N/A |
| Tax rebates, reductions and exemptions with ultra vires approval or in lack of duly approved document | 0.00 | 0.00 | N/A |
| Government grants through profit or loss (exclusive of government grants continuously given in the Company’s ordinary course of business at fixed quotas or amounts as per the government’s policies and standards) | 400,483,548.00 | 1,526,234,212.00 | N/A |
| Capital occupation charges on non-financial enterprises that are charged to current gains and losses | 0.00 | 0.00 | N/A |
| Income equal to the amount by which investment costs for the Company to obtain subsidiaries, associates and joint ventures are lower than the Company’s enjoyable fair value of identifiable net assets of investees when making investments | 0.00 | 0.00 | N/A |
| Gains and losses on non-monetary asset swap | 0.00 | 0.00 | N/A |
| Gains and losses on investment or asset management entrustments to other entities | 0.00 | 0.00 | N/A |
| Allowance for asset impairments due to acts of God such as natural disasters | 0.00 | 0.00 | N/A |
| Gains and losses on debt restructuring | 0.00 | 0.00 | N/A |
| Restructuring costs in staff arrangement, integration, etc. | 0.00 | 0.00 | N/A |
| Gains and losses on over-fair value amount as a result of transactions with distinctly unfair prices | 0.00 | 0.00 | N/A |
| Current gains and losses on subsidiaries acquired through business mergers under same control from period-beginning to merger dates, net | 0.00 | 0.00 | N/A |
| Gains and losses on contingencies that do not arise in the Company’s ordinary course of business | 0.00 | 0.00 | N/A |
| Gain or loss on fair-value changes in held-for-trading financial assets and liabilities & investment income from disposal of held-for-trading financial assets and liabilities, and available-for-sale financial assets (exclusive of effective portion of hedges that arise in the Company’s ordinary course of business) | 30,040,094.00 | 76,270,373.00 | N/A |
| Reversed portion of impairment allowance for accounts receivable which are tested individually for impairment | 1,892,413.00 | 14,598,869.00 | N/A |
| Gains and losses on loan entrustment | 0.00 | 0.00 | N/A |
| Gains and losses on fair value changes in investment property of which subsequent measurement is carried out using fair value method | 0.00 | 0.00 | N/A |
| Effects of all adjustments required by taxation, accounting and other applicable laws and regulations on current gains and losses | 0.00 | 0.00 | N/A |
| Income from charges on entrusted management | 0.00 | 0.00 | N/A |
| Non-operating income and expense other than above | 0.00 | 0.00 | N/A |
| Other gains and losses that meet definition of nonrecurring gain/loss | 21,962,349.00 | 50,639,361.00 | N/A |
| Less: Income tax effects | 43,915,742.00 | 168,401,769.00 | N/A |
| Non-controlling interests effects (net of tax) | 126,379,303.00 | 262,619,149.00 | N/A |
| Total | 316,282,355.00 | 1,416,690,551.00 | -- |
Other items that meet the definition of exceptional gain/loss:
□ Applicable √ Not applicable
No such cases in the Reporting Period.Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item listed in the Explanatory Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public—Exceptional Gain/Loss Items:
□ Applicable √ Not applicable
No such cases in the Reporting Period.
(III) Changes in Key Financial Statement Line Items and Explanation of why
√ Applicable □ Not applicable
1. Operating revenue rose 72% during Q1-Q3 2021 compared to Q1-Q3 2020, primarily driven by the rising prices of primaryproducts in the continuously thriving industry, the release of new production capacity, and changes to the consolidation scope in thecurrent period.
2. Cost of sales rose 43% during Q1-Q3 2021 compared to Q1-Q3 2020, primarily driven by the expanding operating revenue.
3. Selling expense rose 38% during Q1-Q3 2021 compared to Q1-Q3 2020, primarily driven by the expanding operating revenue.
4. Administrative expense rose 37% during Q1-Q3 2021 compared to Q1-Q3 2020, primarily driven by the expanding operatingrevenue.
5. R&D expense rose 55% during Q1-Q3 2021 compared to Q1-Q3 2020, primarily driven by greater R&D investments.
6. Finance costs rose 42% during Q1-Q3 2021 compared to Q1-Q3 2020, primarily driven by the new projects were transferred intooperation, and changes to the consolidation scope in the current period.
7. Asset impairment loss rose 87% during Q1-Q3 2021 compared to Q1-Q3 2020, primarily driven by a decrease in the inventoryvaluation allowance according to the lower of cost and net realizable value in the current period.
8. Income tax expense rose 325% during Q1-Q3 2021 compared to Q1-Q3 2020, primarily driven by an increase in earnings.
9. Accounts receivable as at 30 September 2021 rose 54% compared to 31 December 2020, primarily driven by an increase inamounts due from customers with expanding operating revenue in the current period.
10. Inventories as at 30 September 2021 rose 60% compared to 31 December 2020, primarily driven by expanding operating revenueand the mass production in respect of new project in the current period.
11. Net cash generated from operating activities rose 91% during Q1-Q3 2021 compared to Q1-Q3 2020, primarily driven by anincrease in operating profit with a larger business size.
12. Net cash generated from financing activities declined 142% during Q1-Q3 2021 compared to Q1-Q3 2020, primarily driven by anincrease in expenditures on repurchase of non-controlling interests.II Shareholder Information
(I) Numbers of Ordinary Shareholders and Preference Shareholders with Resumed Voting Rights as wellas Holdings of Top 10 Shareholders
Unit: share
| Number of ordinary shareholders | 1,607,648 (including 1,569,497 A-shareholders and 38,151 B-shareholders) | |||||
| Top 10 shareholders | ||||||
| Name of shareholder | Nature of shareholder | Shareholding percentage | Total shares held | Restricted shares | Shares in pledge, marked or frozen | |
| Status | Shares | |||||
| Beijing State-owned Capital Operation and Management Company Limited | State-owned legal person | 10.57% | 4,063,333,333 | 0 | N/A | 0 |
| Hong Kong Securities Clearing Company Ltd. | Foreign legal person | 3.47% | 1,333,826,535 | 0 | N/A | 0 |
| Beijing BOE Investment & Development Co., Ltd. | State-owned legal person | 2.14% | 822,092,180 | 0 | N/A | 0 |
| Beijing Jing Guorui Soe Reform and Development Fund (L.P.) | Other | 1.87% | 718,132,854 | 718,132,854 | N/A | 0 |
| Hefei Jianxiang Investment Co., Ltd. | State-owned legal person | 1.73% | 666,195,772 | 0 | N/A | 0 |
| Fuqing Huirong Venture Capital Co., Ltd. | Other | 1.40% | 538,599,640 | 538,599,640 | N/A | 0 |
| China Construction Bank-GF Technology Pioneer Mixed Type Securities Investment Fund | Other | 0.85% | 327,197,639 | 0 | N/A | 0 |
| Chongqing Ezcapital Opto-electronic Industry Investment Co., Ltd. | State-owned legal person | 0.85% | 326,229,746 | 0 | N/A | 0 |
| Sinatay Life Insurance Co., Ltd.-Traditional Product | Other | 0.79% | 305,330,128 | 89,766,606 | N/A | 0 |
| Beijing Electronics Holdings Co., Ltd. | State-owned legal person | 0.71% | 273,735,583 | 0 | N/A | 0 |
| Top 10 unrestricted shareholders | ||||||
| Name of shareholder | Unrestricted ordinary shares held | Shares by class | ||||
| Class | Shares | |||||
| Beijing State-owned Capital Operation and Management Company Limited | 4,063,333,333 | RMB-denominated ordinary share | 4,063,333,333 | |||
| Hong Kong Securities Clearing Company Ltd. | 1,333,826,535 | RMB-denominated ordinary share | 1,333,826,535 | |||
| Beijing BOE Investment & Development Co., Ltd. | 822,092,180 | RMB-denominated ordinary share | 822,092,180 | |||
| Hefei Jianxiang Investment Co., Ltd. | 666,195,772 | RMB-denominated ordinary share | 666,195,772 | |||
| China Construction Bank-GF Technology Pioneer Mixed Type Securities Investment Fund | 327,197,639 | RMB-denominated ordinary share | 327,197,639 | |||
| Chongqing Ezcapital Opto-electronic Industry Investment Co., Ltd. | 326,229,746 | RMB-denominated ordinary share | 326,229,746 | |||
| Beijing Electronics Holdings Co., Ltd. | 273,735,583 | RMB-denominated ordinary share | 273,735,583 | |||
| Noregs Bank-Self-Owned Fund | 247,828,253 | RMB-denominated ordinary share | 247,828,253 | |||
| Industrial and Commercial Bank of China-GF Double Engines Upgrade Mixed Type Securities Investment Fund | 215,603,137 | RMB-denominated ordinary share | 215,603,137 | |||
| Sinatay Life Insurance Co., Ltd.-Traditional Product | 215,563,522 | RMB-denominated ordinary share | 215,563,522 | |||
| Related or acting-in-concert parties among the shareholders above | 1. Beijing State-owned Capital Operation and Management Company Limited held 100% equities of Beijing Electronics Holdings Co., Ltd. 2. Beijing Electronics Holdings Co., Ltd. held 66.25% equities of Beijing BOE Investment & Development Co., Ltd. and was its controlling shareholder. 3. After the non-public issuing of BOE in 2014, Hefei Jianxiang Investment Co., Ltd. and Chongqing Ezcapital Opto-electronic Industry Investment Co., Ltd., by entering into Implementation Protocol of Voting Right respectively, agreed to maintain all of the shares held by them respectively unanimous with Beijing BOE Investment & Development Co., Ltd. when executing the voting rights of the shareholders. 4. After the non-public issuing of the Company in 2014, Beijing State-owned Capital Operation and Management Company Limited handed over 70% of the shares directly held by it to Beijing Electronics Holdings Co., Ltd. for management through Stock Management Protocol, and Beijing Electronics Holdings Co., Ltd. gained the incidental shareholders’ rights except for disposing right and usufruct of the shares, of which the rest 30% voting right maintained unanimous with Beijing Electronics Holdings Co., Ltd. through the agreement according to Implementation Protocol of Voting Right. 5. During the non-public issuing of the Company in 2021, Beijing Jing Guorui Soe Reform and Development Fund (L.P.) signed the Acting-in-Concert Agreement with Beijing Electronics Holdings Co., Ltd. 6. Beijing State-owned Capital Operation and Management Company Limited indirectly held 100% equities of Beijing Jingguorui Investment Management Co., Ltd. and directly held 77.5918% shares of Beijing Jing Guorui Soe Reform and Development Fund (L.P.); Beijing Jingguorui Investment Management Co., Ltd. is the general partner of Beijing Jing Guorui Soe Reform and Development Fund (L.P.). In addition, among the nine members | |||||
| of the Investment Decision-Making Committee of Beijing Jing Guorui Soe Reform and Development Fund (L.P.), three are nominated by Beijing State-owned Capital Operation and Management Company Limited. 7. Except for the above relationships, the Company does not know any other connected party or acting-in-concert party among the top 10 shareholders. | |
| Top 10 ordinary shareholders involved in securities margin trading (if any) | N/A |
Note: Beijing State-owned Capital Operation and Management Center was renamed Beijing State-owned Capital Operation andManagement Company Limited
(II) Number of Preference Shareholders and Shareholdings of Top 10 of Them
□ Applicable √ Not applicable
III Other Significant Events
√ Applicable □ Not applicable
1. On 18 October 2019, the Company disclosed the Announcement on the Company’s Application for CSRC’s Approval for its PublicIssue of Renewable Corporate Bonds (Announcement No. 2019-052), and the Company received the No. [2019] 1801 Approval fromCSRC. Based on the approval, the Company could publicly issue the renewable corporate bonds with the nominal value no more thanRMB30 billion to qualified investors. The Company publicly issued renewable corporate bonds (to qualified investors) (the first issue)(“19BOEY1” for short; Code: 112741) in 2019 with the issue term from 28 October 2019 to 29 October 2019, the issuing scale ofRMB8 billion and the bonds’ ultimate nominal interest rate of 4.0%. The Company publicly issued renewable corporate bonds (toqualified investors) (the first issue) (epidemic prevention and control bonds) (“20BOEY1” for short; Code: 149046) in 2020 with theissue term from 27 February 2020 to 28 February 2020, the issuing scale of RMB2 billion and the bonds’ ultimate nominal interest of
3.64%. The Company publicly issued the renewable corporate bonds (to qualified investors) (the second issue) (epidemic preventionand control bonds) (“20BOEY2” for short; Code: 149065) in 2020 with the issue term from 18 March 2020 to 19 March 2020, theissuing scale of RMB2 billion and the bonds’ ultimate nominal interest of 3.54%. The Company publicly issued the renewablecorporate bonds (to qualified investors) (the third issue) (epidemic prevention and control bonds) (“20BOEY3” for short; Code:
149108) in 2020 with the issue term from 24 April 2020 to 27 April 2020, the issuing scale of RMB2 billion and the bonds’ ultimatenominal interest of 3.50%. The Company disclosed 2021 "19BOEY1" Interest Payment Announcement (Announcement No.2021-085) on 26 October 2021. BOE Public Issuance of Renewable Corporate Bonds (to Qualified Investors) (the First Issue) in2019, which was issued on 28 October 2019, was two years old until 28 October 2021. According to the regulations, interest will bepaid once a year during the interest-bearing period. The interest payment plan is RMB40.00 (including tax) per 10 bonds.
2. The Company’s wholly-owned subsidiary BOE Technology (HK) Limited filed a lawsuit on the sales contract dispute to thesuperior people’s court in Beijing, and the defendants included LETV Mobile Intelligent Information Technology (Beijing) Co., Ltd.(hereinafter referred to as “LETV Mobile”), LETV Holdings (Beijing) Co., Ltd., Le Sai Mobile Technology (Beijing) Co., Ltd. andJia Yueting with the claimed amount of USD41.84 million in total. However, Beijing Municipal Superior People’s Court respectivelyissued the Notice of Acceptance and the Civil Ruling Paper on Property Preservation on July 6, 2017 and July 31, 2017. LETVMobile ever put forward the jurisdiction objection to Beijing Municipal Superior People’s Court, which was rejected, and thenlaunched a lawsuit on the judgment of the jurisdiction objection to the Supreme People’s Court. Finally, the Supreme People’s Courtmade the final ruling, rejected the appeal of LETV Mobile and affirmed the original judgment. On 8 March 2019, the first hearingwas held in Beijing Municipal Superior People’s Court. On 19 February 2020, Beijing Municipal Superior People’s Court issued thefirst instance judgment:
(1) The defendant (LETV Mobile Intelligent Information Technology (Beijing) Co., Ltd.) shall pay the plaintiff (BOE Technology(HK) Limited) the owed principal USD36,940,476.77 and the resulting interests (regarding the principal USD12,871,274.5 as theinterest basis from 8 September 2016 to 1 March 2017, USD12,144,001.77 from 2 March 2017 to the actual payment day,USD16,172,935 from October 13, 2016 to the actual payment day, USD8,488,690 from November 10, 2016 to the actual paymentday, and US134,850 from 8 December 2016 to the actual payment day; the annual interest rate shall be 6% (365 days)), as well as theliquidated damages (regarding the principal USD2,052,248.71 as the basis from 30 April 2017 to 1 July 2017, USD2,052,248.71from 31 May 2017 to 1 July 2017, USD2,052,248.71 from 30 June 2017 to 1 July 2017, and USD36,940,476.77 from 2 July 2017 tothe actual payment day; the penalty standard was 0.03% per day); under the Installment Payment Agreement within 10 days after thejudgment took effect;
(2) The defendant LETV Holdings (Beijing) Co., Ltd. shall burden the joint and several guarantee for the debt owed by LETVMobile Intelligent Information Technology (Beijing) Co., Ltd. Defined in the judgment (Item I);
(3) After the Defendant LETV Holdings (Beijing) Co., Ltd. burdens the joint and several guarantee related to Item II, LETVHoldings (Beijing) Co., Ltd. shall have the right to claim compensation from LETV Mobile Intelligent Information Technology(Beijing) Co., Ltd.;
(4) The defendant(LETV Mobile Intelligent Information Technology (Beijing) Co., Ltd.) shall pay the plaintiff (BOE Technology(HK) Limited) the owed principal USD2,459,090.91 and the resulting interests (regarding the principal USD2,459,090.91 as theinterest basis from 27 May 2017 to 19 August 2019 with the PBC’s benchmark interest rate for loan during the same period as thestandard; USD2,459,090.91 from August 20, 2019 to the actual payment day with the quoted interest rate of the loan market issued
by the national inter-bank offer center as the standard; the year shall have 365 days) under the Purchase Order with the goodspayment USD2.75 million;
(5) Other claims of the plaintiff (BOE Technology (HK) Limited) shall be rejected.
If the defendant LETV Mobile Intelligent Information Technology (Beijing) Co., Ltd. and LETV Holdings (Beijing) Co., Ltd. fails tofulfill their payment obligation as scheduled in the judgment, the Defendant shall pay the double debt interests during the delayedperiod according to Article 253 of Civil Procedure Law of the People’s Republic of China.The litigation fee was RMB1,465,371.63, of which, RMB5,371.63 shall be paid by the plaintiff BOE Technology (HK) Limited(already paid), and RMB1.46 million shall be jointly burdened by LETV Mobile Intelligent Information Technology (Beijing) Co.,Ltd. and LETV Holdings (Beijing) Co., Ltd. (payment within 7 days after the judgment took effect); the preservation fee wasRMB5000, which shall be jointly burdened by LETV Mobile Intelligent Information Technology (Beijing) Co., Ltd. and LETVHoldings (Beijing) Co., Ltd. (payment within 7 days after the judgment took effect).On 17 March 2020, BOE Technology (HK) Limited received the petition for appeal submitted by LETV Holdings (Beijing) Co., Ltd.to the court. LETV Holdings (Beijing) Co., Ltd. failed to pay the fee for the appeal it had instituted. The Supreme People’s Courtmade the judgment that the case was treated as that the appellant LeTV Holdings (Beijing) Co., Ltd. automatically withdrew theappeal on 8 July 2020. And the judgment of the first instance will take effect since the date when the written order is served. BOETechnology (HK) Limited has submitted the Application for Execution to Beijing High People’s Court and the court has accepted theexecution application. On 24 December 2020, the Beijing No. 3 Intermediate People's Court made an Application for Execution thatLeTV Mobile Intelligent Information Technology (Beijing) Co., Ltd, and LeTV Holdings (Beijing) Co., Ltd. had been included in thelist of defaulters, and the court ruled to terminate this enforcement because the defaulters had no property available for execution.The Company has calculated corresponding bad-debt provision for the account receivables equaling the above-mentioned claimedamount according to the accounting standards, which has uncertain influence on the Company.
3. On 16 January 2021, the Company disclosed the Announcement on the Resolution of the 21st Meeting of the 9th Board of Directors(Announcement No. 2021-001) and the Plan for Non-Public Offering of A-Shares in 2021, and other related announcements, in whichthe Company intends to make a non-public offering of A-shares to no more than 35 specific investors including Jing Guorui Fund. Thenet fund raised was expected to be no more than 2 million. The raised funds will be used for "acquisition of 24.06% equity of WuhanBOE Optoelectronics Technology Co., Ltd.", "capital increase to Chongqing BOE Display Technology Co., Ltd. and construction of itsGen-6 AMOLED (flexible) production line project", "capital increase to Yunnan Chuangshijie Optoelectronics Technology Co., Ltd.and construction of its 12-inch silicon OLED project", "capital increase to Chengdu BOE Hospital and construction of Chengdu BOEHospital project", "repayment of Fuzhou Urban Construction Investment Group loan" and supplementation of working capital. On 8July 2021, the Company disclosed the Announcement on the Approval of the China Securities Regulatory Commission for theNon-Public Offering of A-Shares (Announcement No. 2021-054), which tells that the Company received the Reply on Approval of theNon-Public Offering of Shares by BOE Technology Group Co., Ltd. (ZH.J.X.K. [2021] No. 2277) issued by the China SecuritiesRegulatory Commission on 7 July 2021. On 19 August 2021, the Company disclosed the Report on the Non-public Offering ofA-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 theShenzhen Stock Exchange on 20 August 2021.
4. On 31 August 2021, the Company disclosed the Announcement No. 2021-060 on the Resolutions of the 31
st Meeting of the 9
th
Board of Directors, the Announcement No. 2021-066 on the Grant of Share Options to Awardees of Reserved Share Options underthe 2020 Share Option and Restricted Share Incentive Plan, and other related announcements. According to the 2020 Share Optionand Restricted Share Incentive Plan (Draft) of BOE Technology Group Co., Ltd., 33,000,000 share options would be granted to 110awardees on 27 August 2021 for the conditions for the grant of the reserved share options under this plan had been met. On 23
rd
October 2021, the Company disclosed the Announcement No. 2021-084 on the Transfer of the Ownership of the Reserved ShareOptions under the 2020 Share Option and Restricted Share Incentive Plan. The reserved share options (code: 037179, name: 东方JLC2) were transferred on 22
nd
October 2021.
5. Following the approval of the Proposal on the Repurchase of Some Public Shares at the 31
st
Meeting of the 9
thBoard of Directors,the Company disclosed the Announcement No. 2021-067 on the Repurchase of Some Public Shares on 31 August 2021. TheCompany carried out the first repurchase on 2 September 2021 and disclosed the Announcement No. 2021-077 on the FirstRepurchase of Some Public Shares on 3 September 2021. On 8 October 2021, the Company disclosed the Announcement No.2021-082 on Progress of the Repurchase of Some Public Shares. As of 30 September 2021, the Company repurchased a total of90,807,000 A-shares (approximately 0.242% of the Company’s total A-share capital and 0.236% of its total share capital) to thespecial securities account for repurchase by way of centralized bidding. With the highest price being RMB5.96/share and the lowestRMB5.80/share, the total payment for this repurchase amounted to RMB533,572,378.23 (exclusive of commissions and other fixedcosts). The said repurchase was in compliance with applicable laws and regulations, as well as with the Company’s repurchase plan.
| Overview of significant event | Disclosure date | Disclosure website |
| Announcement on Investing in Beijing YanDong MicroElectronic Co., Ltd. & the Related-party Transaction | 31 August 2021 | www.cninfo.com.cn |
| Announcement on Investing in BOE IOT Mobile Display Port Base | 31 August 2021 | www.cninfo.com.cn |
IV Quarterly Financial Statements(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by BOE Technology Group Co., Ltd.
Unit: RMB
| Item | 30 September 2021 | 31 December 2020 |
| Current assets: | ||
| Monetary assets | 85,678,588,828.00 | 73,694,296,095.00 |
| Settlement reserve | 0.00 | 0.00 |
| Loans to other banks and financial institutions | 0.00 | 0.00 |
| Held-for-trading financial assets | 6,007,251,971.00 | 4,367,201,833.00 |
| Derivative financial assets | 0.00 | 0.00 |
| Notes receivable | 364,390,139.00 | 215,994,373.00 |
| Accounts receivable | 35,298,481,365.00 | 22,969,140,355.00 |
| Receivables financing | 0.00 | 0.00 |
| Prepayments | 794,142,794.00 | 1,119,595,984.00 |
| Premiums receivable | 0.00 | 0.00 |
| Reinsurance receivables | 0.00 | 0.00 |
| Receivable reinsurance contract reserve | 0.00 | 0.00 |
| Other receivables | 924,344,550.00 | 658,114,833.00 |
| Including: Interest receivable | 0.00 | 2,037,452.00 |
| Dividends receivable | 0.00 | 1,842,137.00 |
| Financial assets purchased under resale agreements | 0.00 | 0.00 |
| Inventories | 28,535,064,272.00 | 17,875,454,490.00 |
| Contract assets | 24,076,766.00 | 49,897,395.00 |
| Assets held for sale | 0.00 | 186,892,645.00 |
| Current portion of non-current assets | 99,547.00 | 0.00 |
| Other current assets | 5,880,445,939.00 | 7,848,869,252.00 |
| Total current assets | 163,506,886,171.00 | 128,985,457,255.00 |
| Non-current assets: | ||
| Loans and advances to customers | 0.00 | 0.00 |
| Debt investments | 0.00 | 0.00 |
| Other debt investments | 0.00 | 0.00 |
| Long-term receivables | 0.00 | 0.00 |
| Long-term equity investments | 4,747,687,399.00 | 3,693,170,224.00 |
| Investments in other equity instruments | 522,747,633.00 | 533,645,423.00 |
| Other non-current financial assets | 606,895,447.00 | 0.00 |
| Investment property | 1,189,130,334.00 | 1,196,168,511.00 |
| Fixed assets | 225,754,494,704.00 | 224,866,586,069.00 |
| Construction in progress | 37,313,162,937.00 | 42,575,849,952.00 |
| Productive living assets | 0.00 | 0.00 |
| Oil and gas assets | 0.00 | 0.00 |
| Right-of-use assets | 681,056,141.00 | 0.00 |
| Intangible assets | 11,113,356,570.00 | 11,875,926,448.00 |
| Development costs | 0.00 | 0.00 |
| Goodwill | 1,400,357,242.00 | 1,400,357,242.00 |
| Long-term prepaid expense | 586,365,753.00 | 299,634,100.00 |
| Deferred income tax assets | 60,032,032.00 | 205,041,088.00 |
| Other non-current assets | 6,389,914,146.00 | 8,624,970,019.00 |
| Total non-current assets | 290,365,200,338.00 | 295,271,349,076.00 |
| Total assets | 453,872,086,509.00 | 424,256,806,331.00 |
| Current liabilities: | ||
| Short-term borrowings | 4,519,561,978.00 | 8,599,569,471.00 |
| Borrowings from the central bank | 0.00 | 0.00 |
| Loans from other banks and financial institutions | 0.00 | 0.00 |
| Held-for-trading financial liabilities | 0.00 | 0.00 |
| Derivative financial liabilities | 0.00 | 0.00 |
| Notes payable | 571,554,573.00 | 1,231,533,895.00 |
| Accounts payable | 30,773,640,671.00 | 27,164,171,682.00 |
| Advances from customers | 224,100,746.00 | 124,040,749.00 |
| Contract liabilities | 3,699,458,480.00 | 3,440,720,535.00 |
| Financial assets sold under repurchase agreements | 0.00 | 0.00 |
| Customer deposits and deposits from other banks and financial institutions | 0.00 | 0.00 |
| Payables for acting trading of securities | 0.00 | 0.00 |
| Payables for underwriting of securities | 0.00 | 0.00 |
| Employee benefits payable | 5,661,369,757.00 | 3,758,623,797.00 |
| Taxes and levies payable | 2,887,881,376.00 | 1,077,686,869.00 |
| Other payables | 27,075,363,770.00 | 32,867,709,024.00 |
| Including: Interest payable | 120,526.00 | 1,946,267.00 |
| Dividends payable | 6,531,028.00 | 6,451,171.00 |
| Fees and commissions payable | 0.00 | 0.00 |
| Reinsurance payables | 0.00 | 0.00 |
| Liabilities directly associated with assets held for sale | 0.00 | 0.00 |
| Current portion of non-current liabilities | 24,479,659,580.00 | 24,500,550,121.00 |
| Other current liabilities | 3,055,343,060.00 | 2,194,716,852.00 |
| Total current liabilities | 102,947,933,991.00 | 104,959,322,995.00 |
| Non-current liabilities: | ||
| Insurance contract reserve | 0.00 | 0.00 |
| Long-term borrowings | 125,894,080,346.00 | 132,452,767,135.00 |
| Bonds payable | 381,357,070.00 | 398,971,739.00 |
| Including: Preference shares | 0.00 | 0.00 |
| Perpetual bonds | 0.00 | 0.00 |
| Lease liabilities | 642,278,904.00 | 0.00 |
| Long-term payables | 1,047,622,969.00 | 2,114,175,683.00 |
| Long-term employee benefits payable | 0.00 | 0.00 |
| Provisions | 0.00 | 0.00 |
| Deferred income | 5,578,377,578.00 | 4,246,231,468.00 |
| Deferred income tax liabilities | 1,606,978,469.00 | 1,427,601,154.00 |
| Other non-current liabilities | 4,120,058,132.00 | 5,260,001,443.00 |
| Total non-current liabilities | 139,270,753,468.00 | 145,899,748,622.00 |
| Total liabilities | 242,218,687,459.00 | 250,859,071,617.00 |
| Owners’ equity: | ||
| Share capital | 38,448,775,782.00 | 34,798,398,763.00 |
| Other equity instruments | 14,332,500,988.00 | 14,146,997,427.00 |
| Including: Preference shares | 0.00 | 0.00 |
| Perpetual bonds | 14,332,500,988.00 | 14,146,997,427.00 |
| Capital reserves | 53,608,022,663.00 | 37,435,655,934.00 |
| Less: Treasury stock | 1,542,279,375.00 | 1,036,298,508.00 |
| Other comprehensive income | -69,303,912.00 | -22,198,072.00 |
| Specific reserve | 0.00 | 0.00 |
| Surplus reserves | 2,449,510,277.00 | 2,444,416,669.00 |
| General reserve | 0.00 | 0.00 |
| Retained earnings | 31,699,517,740.00 | 15,509,794,622.00 |
| Total equity attributable to owners of the Company as the parent | 138,926,744,163.00 | 103,276,766,835.00 |
| Non-controlling interests | 72,726,654,887.00 | 70,120,967,879.00 |
| Total owners’ equity | 211,653,399,050.00 | 173,397,734,714.00 |
| Total liabilities and owners’ equity | 453,872,086,509.00 | 424,256,806,331.00 |
Legal representative: Chen Yanshun President of the Company’s Execution Committee: Liu XiaodongChief Financial Officer: Sun Yun Head of the Company’s Financial Department: Yang Xiaoping
2. Consolidated Income Statement for Q1~Q3
Unit: RMB
| Item | Q1~Q3 2021 | Q1~Q3 2020 |
| 1. Revenues | 163,278,349,727.00 | 94,901,152,591.00 |
| Including: Operating revenue | 163,278,349,727.00 | 94,901,152,591.00 |
| Interest income | 0.00 | 0.00 |
| Insurance premium income | 0.00 | 0.00 |
| Fee and commission income | 0.00 | 0.00 |
| 2. Costs and expenses | 132,729,262,597.00 | 92,761,456,060.00 |
| Including: Cost of sales | 110,954,352,788.00 | 77,707,520,790.00 |
| Interest expense | 0.00 | 0.00 |
| Fee and commission expense | 0.00 | 0.00 |
| Surrenders | 0.00 | 0.00 |
| Net insurance claims paid | 0.00 | 0.00 |
| Net amount provided as insurance contract reserve | 0.00 | 0.00 |
| Expenditure on policy dividends | 0.00 | 0.00 |
| Reinsurance premium expense | 0.00 | 0.00 |
| Taxes and levies | 1,098,484,767.00 | 755,063,118.00 |
| Selling expense | 3,410,835,828.00 | 2,469,423,809.00 |
| Administrative expense | 6,380,130,093.00 | 4,651,871,656.00 |
| R&D expense | 8,152,445,066.00 | 5,250,983,185.00 |
| Finance costs | 2,733,014,055.00 | 1,926,593,502.00 |
| Including: Interest expense | 3,645,968,371.00 | 2,416,222,511.00 |
| Interest income | 741,952,363.00 | 644,111,510.00 |
| Add: Other income | 1,534,520,440.00 | 1,862,952,382.00 |
| Return on investment (“-” for loss) | 560,152,073.00 | 151,691,886.00 |
| Including: Share of profit or loss of joint ventures and associates | 487,008,937.00 | 83,850,206.00 |
| Income from the derecognition of financial assets at amortized cost (“-” for loss) | 0.00 | 0.00 |
| Exchange gain (“-” for loss) | 0.00 | 0.00 |
| Net gain on exposure hedges (“-” for loss) | 0.00 | 0.00 |
| Gain on changes in fair value (“-” for loss) | 64,613,098.00 | 22,707,526.00 |
| Credit impairment loss (“-” for loss) | -43,202,700.00 | 2,472,594.00 |
| Asset impairment loss (“-” for loss) | -3,332,862,567.00 | -1,780,410,418.00 |
| Asset disposal income (“-” for loss) | 151,124,296.00 | 18,082,818.00 |
| 3. Operating profit (“-” for loss) | 29,483,431,770.00 | 2,417,193,319.00 |
| Add: Non-operating income | 64,533,897.00 | 91,617,388.00 |
| Less: Non-operating expense | 20,810,474.00 | 55,742,031.00 |
| 4. Gross profit (“-” for loss) | 29,527,155,193.00 | 2,453,068,676.00 |
| Less: Income tax expense | 4,000,514,020.00 | 942,107,787.00 |
| 5. Net profit (“-” for net loss) | 25,526,641,173.00 | 1,510,960,889.00 |
| 5.1 By operating continuity | ||
| 5.1.1 Net profit from continuing operations (“-” for net loss) | 25,526,641,173.00 | 1,510,960,889.00 |
| 5.1.2 Net profit from discontinued operations (“-” for net loss) | 0.00 | 0.00 |
| 5.2 By ownership | ||
| 5.2.1 Net profit attributable to owners of the Company as the parent | 20,015,415,603.00 | 2,475,838,102.00 |
| 5.2.1 Net profit attributable to non-controlling interests | 5,511,225,570.00 | -964,877,213.00 |
| 6. Other comprehensive income, net of tax | -16,990,147.00 | 232,016,469.00 |
| Attributable to owners of the Company as the parent | 3,830,238.00 | 231,265,568.00 |
| 6.1 Items that will not be reclassified to profit or loss | -72,663,515.00 | 142,031,502.00 |
| 6.1.1 Changes caused by remeasurements on defined benefit schemes | 0.00 | 0.00 |
| 6.1.2 Other comprehensive income that will not be reclassified to profit or loss under the equity method | -30,395,334.00 | 181,319,168.00 |
| 6.1.3 Changes in the fair value of investments in other equity instruments | -42,268,181.00 | -39,287,666.00 |
| 6.1.4 Changes in the fair value arising from changes in own credit risk | 0.00 | 0.00 |
| 6.1.5 Other | 0.00 | 0.00 |
| 6.2 Items that will be reclassified to profit or loss | 76,493,753.00 | 89,234,066.00 |
| 6.2.1 Other comprehensive income that will be reclassified to profit or loss under the equity method | 0.00 | 0.00 |
| 6.2.2 Changes in the fair value of other debt investments | 0.00 | 0.00 |
| 6.2.3 Other comprehensive income arising from the reclassification of financial assets | 0.00 | 0.00 |
| 6.2.4 Credit impairment allowance for other debt investments | 0.00 | 0.00 |
| 6.2.5 Reserve for cash flow hedges | 0.00 | 0.00 |
| 6.2.6 Differences arising from the translation of foreign currency-denominated financial statements | 76,493,753.00 | 89,234,066.00 |
| 6.2.7 Other | 0.00 | 0.00 |
| Attributable to non-controlling interests | -20,820,385.00 | 750,901.00 |
| 7. Total comprehensive income | 25,509,651,026.00 | 1,742,977,358.00 |
| Attributable to owners of the Company as the parent | 20,019,245,841.00 | 2,707,103,670.00 |
| Attributable to non-controlling interests | 5,490,405,185.00 | -964,126,312.00 |
| 8. Earnings per share | ||
| 8.1 Basic earnings per share | 0.560 | 0.061 |
| 8.2 Diluted earnings per share | 0.559 | 0.061 |
Where business combinations under common control occurred in the current period, the net profit achieved by the acquirees beforethe combinations was RMB0.00, with the amount for the same period of last year being RMB0.00 .Legal representative: Chen Yanshun President of the Company’s Execution Committee: Liu XiaodongChief Financial Officer: Sun Yun Head of the Company’s Financial Department: Yang Xiaoping
3. Consolidated Cash Flow Statement for Q1~Q3
Unit: RMB
| Item | Q1~Q3 2021 | Q1~Q3 2020 |
| 1. Cash flows from operating activities: | ||
| Proceeds from sale of commodities and rendering of services | 162,808,942,107.00 | 106,805,169,135.00 |
| Net increase in customer deposits and deposits from other banks and financial institutions | 0.00 | 0.00 |
| Net increase in borrowings from the central bank | 0.00 | 0.00 |
| Net increase in loans from other financial institutions | 0.00 | 0.00 |
| Premiums received on original insurance contracts | 0.00 | 0.00 |
| Net proceeds from reinsurance | 0.00 | 0.00 |
| Net increase in deposits and investments of policy holders | 0.00 | 0.00 |
| Interest, fees and commissions received | 0.00 | 0.00 |
| Net increase in loans from other banks and financial institutions | 0.00 | 0.00 |
| Net increase in proceeds from repurchase transactions | 0.00 | 0.00 |
| Net proceeds from acting trading of securities | 0.00 | 0.00 |
| Tax and levy rebates | 8,364,815,287.00 | 8,233,724,253.00 |
| Cash generated from other operating activities | 4,850,018,898.00 | 4,032,552,930.00 |
| Subtotal of cash generated from operating activities | 176,023,776,292.00 | 119,071,446,318.00 |
| Payments for commodities and services | 107,706,213,622.00 | 80,674,328,209.00 |
| Net increase in loans and advances to customers | 0.00 | 0.00 |
| Net increase in deposits in the central bank and other banks and financial institutions | 0.00 | 0.00 |
| Payments for claims on original insurance contracts | 0.00 | 0.00 |
| Net increase in loans to other banks and financial institutions | 0.00 | 0.00 |
| Interest, fees and commissions paid | 0.00 | 0.00 |
| Policy dividends paid | 0.00 | 0.00 |
| Cash paid to and for employees | 13,584,382,845.00 | 8,403,254,858.00 |
| Taxes and levies paid | 5,980,745,956.00 | 2,365,112,815.00 |
| Cash used in other operating activities | 4,001,052,386.00 | 4,160,236,028.00 |
| Subtotal of cash used in operating activities | 131,272,394,809.00 | 95,602,931,910.00 |
| Net cash generated from/used in operating activities | 44,751,381,483.00 | 23,468,514,408.00 |
| 2. Cash flows from investing activities: | ||
| Proceeds from disinvestment | 23,281,402,329.00 | 17,966,529,908.00 |
| Return on investment | 136,429,102.00 | 104,230,363.00 |
| Net proceeds from the disposal of fixed assets, intangible assets and other long-lived assets | 16,503,309.00 | 23,052,445.00 |
| Net proceeds from the disposal of subsidiaries and other business units | 88,028,400.00 | 0.00 |
| Cash generated from other investing activities | 2,804,449,647.00 | 280,538,504.00 |
| Subtotal of cash generated from investing activities | 26,326,812,787.00 | 18,374,351,220.00 |
| Payments for the acquisition of fixed assets, intangible assets and other long-lived assets | 28,809,597,297.00 | 31,446,427,395.00 |
| Payments for investments | 23,351,349,232.00 | 14,555,472,385.00 |
| Net increase in pledged loans granted | 0.00 | 0.00 |
| Net payments for the acquisition of subsidiaries and other business units | 0.00 | 0.00 |
| Cash used in other investing activities | 71,264,210.00 | 1,842,907,614.00 |
| Subtotal of cash used in investing activities | 52,232,210,739.00 | 47,844,807,394.00 |
| Net cash generated from/used in investing activities | -25,905,397,952.00 | -29,470,456,174.00 |
| 3. Cash flows from financing activities: | ||
| Capital contributions received | 28,856,737,400.00 | 7,278,817,913.00 |
| Including: Capital contributions by non-controlling interests to subsidiaries | 8,987,230,000.00 | 7,278,817,913.00 |
| Borrowings received | 23,470,837,385.00 | 35,951,776,137.00 |
| Cash generated from other financing activities | 1,516,720,582.00 | 1,648,733,929.00 |
| Subtotal of cash generated from financing activities | 53,844,295,367.00 | 44,879,327,979.00 |
| Repayment of borrowings | 35,141,044,729.00 | 25,245,672,400.00 |
| Interest and dividends paid | 8,272,971,303.00 | 4,927,891,915.00 |
| Including: Dividends paid by subsidiaries to non-controlling interests | 13,580,970.43 | 86,783,362.00 |
| Cash used in other financing activities | 15,579,476,970.00 | 2,470,947,772.00 |
| Subtotal of cash used in financing activities | 58,993,493,002.00 | 32,644,512,087.00 |
| Net cash generated from/used in financing activities | -5,149,197,635.00 | 12,234,815,892.00 |
| 4. Effect of foreign exchange rates changes on cash and cash equivalents | -465,908,592.00 | -706,047,476.00 |
| 5. Net increase in cash and cash equivalents | 13,230,877,304.00 | 5,526,826,650.00 |
| Add: Cash and cash equivalents, beginning of the period | 68,064,736,371.00 | 50,270,321,573.00 |
| 6. Cash and cash equivalents, end of the period | 81,295,613,675.00 | 55,797,148,223.00 |
(II) Adjustments to the Financial Statements
1. Adjustments to the Financial Statements at the Beginning of the First Execution Year of the NewStandards Governing Leases since 2021
√ Applicable □ Not applicable
Whether the Company needs to adjust the items in balance sheet at the beginning of the year
√ Yes □ No
Consolidated Balance Sheet
Unit: RMB
| Item | 31 December 2020 | 1 January 2021 | Adjusted |
| Current assets: | |||
| Monetary assets | 73,694,296,095.00 | 73,694,296,095.00 | 0.00 |
| Settlement reserve | 0.00 | 0.00 | 0.00 |
| Loans to other banks and financial institutions | 0.00 | 0.00 | 0.00 |
| Held-for-trading financial assets | 4,367,201,833.00 | 4,367,201,833.00 | 0.00 |
| Derivative financial assets | 0.00 | 0.00 | 0.00 |
| Notes receivable | 215,994,373.00 | 215,994,373.00 | 0.00 |
| Accounts receivable | 22,969,140,355.00 | 22,969,140,355.00 | 0.00 |
| Receivables financing | 0.00 | 0.00 | 0.00 |
| Prepayments | 1,119,595,984.00 | 1,111,189,292.00 | -8,406,692.00 |
| Premiums receivable | 0.00 | 0.00 | 0.00 |
| Reinsurance receivables | 0.00 | 0.00 | 0.00 |
| Receivable reinsurance contract reserve | 0.00 | 0.00 | 0.00 |
| Other receivables | 658,114,833.00 | 658,114,833.00 | 0.00 |
| Including: Interest receivable | 2,037,452.00 | 2,037,452.00 | 0.00 |
| Dividends receivable | 1,842,137.00 | 1,842,137.00 | 0.00 |
| Financial assets purchased under resale agreements | 0.00 | 0.00 | 0.00 |
| Inventories | 17,875,454,490.00 | 17,875,454,490.00 | 0.00 |
| Contract assets | 49,897,395.00 | 49,897,395.00 | 0.00 |
| Assets held for sale | 186,892,645.00 | 186,892,645.00 | 0.00 |
| Current portion of non-current assets | 0.00 | 0.00 | 0.00 |
| Other current assets | 7,848,869,252.00 | 7,848,869,252.00 | 0.00 |
| Total current assets | 128,985,457,255.00 | 128,977,050,563.00 | -8,406,692.00 |
| Non-current assets: | |||
| Loans and advances to customers | 0.00 | 0.00 | 0.00 |
| Debt investments | 0.00 | 0.00 | 0.00 |
| Other debt investments | 0.00 | 0.00 | 0.00 |
| Long-term receivables | 0.00 | 0.00 | 0.00 |
| Long-term equity investments | 3,693,170,224.00 | 3,693,170,224.00 | 0.00 |
| Investments in other equity instruments | 533,645,423.00 | 533,645,423.00 | 0.00 |
| Other non-current financial assets | 0.00 | 0.00 | 0.00 |
| Investment property | 1,196,168,511.00 | 1,196,168,511.00 | 0.00 |
| Fixed assets | 224,866,586,069.00 | 224,770,354,605.00 | -96,231,464.00 |
| Construction in progress | 42,575,849,952.00 | 42,575,849,952.00 | 0.00 |
| Productive living assets | 0.00 | 0.00 | 0.00 |
| Oil and gas assets | 0.00 | 0.00 | 0.00 |
| Right-of-use assets | 0.00 | 619,995,119.00 | 619,995,119.00 |
| Intangible assets | 11,875,926,448.00 | 11,875,926,448.00 | 0.00 |
| Development costs | 0.00 | 0.00 | 0.00 |
| Goodwill | 1,400,357,242.00 | 1,400,357,242.00 | 0.00 |
| Long-term prepaid expense | 299,634,100.00 | 285,653,485.00 | -13,980,615.00 |
| Deferred income tax assets | 205,041,088.00 | 205,041,088.00 | 0.00 |
| Other non-current assets | 8,624,970,019.00 | 8,624,970,019.00 | 0.00 |
| Total non-current assets | 295,271,349,076.00 | 295,781,132,116.00 | 509,783,040.00 |
| Total assets | 424,256,806,331.00 | 424,758,182,679.00 | 501,376,348.00 |
| Current liabilities: | |||
| Short-term borrowings | 8,599,569,471.00 | 8,599,569,471.00 | 0.00 |
| Borrowings from the central bank | 0.00 | 0.00 | 0.00 |
| Loans from other banks and financial institutions | 0.00 | 0.00 | 0.00 |
| Held-for-trading financial liabilities | 0.00 | 0.00 | 0.00 |
| Derivative financial liabilities | 0.00 | 0.00 | 0.00 |
| Notes payable | 1,231,533,895.00 | 1,231,533,895.00 | 0.00 |
| Accounts payable | 27,164,171,682.00 | 27,164,171,682.00 | 0.00 |
| Advances from customers | 124,040,749.00 | 124,040,749.00 | 0.00 |
| Contract liabilities | 3,440,720,535.00 | 3,440,720,535.00 | 0.00 |
| Financial assets sold under repurchase agreements | 0.00 | 0.00 | 0.00 |
| Customer deposits and deposits from other banks and financial institutions | 0.00 | 0.00 | 0.00 |
| Payables for acting trading of securities | 0.00 | 0.00 | 0.00 |
| Payables for underwriting of securities | 0.00 | 0.00 | 0.00 |
| Employee benefits payable | 3,758,623,797.00 | 3,758,623,797.00 | 0.00 |
| Taxes and levies payable | 1,077,686,869.00 | 1,077,686,869.00 | 0.00 |
| Other payables | 32,867,709,024.00 | 32,867,709,024.00 | 0.00 |
| Including: Interest payable | 1,946,267.00 | 1,946,267.00 | 0.00 |
| Dividends payable | 6,451,171.00 | 6,451,171.00 | 0.00 |
| Fees and commissions payable | 0.00 | 0.00 | 0.00 |
| Reinsurance payables | 0.00 | 0.00 | 0.00 |
| Liabilities directly associated with assets held for sale | 0.00 | 0.00 | 0.00 |
| Current portion of non-current liabilities | 24,500,550,121.00 | 24,538,420,167.00 | 37,870,046.00 |
| Other current liabilities | 2,194,716,852.00 | 2,194,716,852.00 | 0.00 |
| Total current liabilities | 104,959,322,995.00 | 104,997,193,041.00 | 37,870,046.00 |
| Non-current liabilities: | |||
| Insurance contract reserve | 0.00 | 0.00 | 0.00 |
| Long-term borrowings | 132,452,767,135.00 | 132,452,767,135.00 | 0.00 |
| Bonds payable | 398,971,739.00 | 398,971,739.00 | 0.00 |
| Including: Preference shares | 0.00 | 0.00 | 0.00 |
| Perpetual bonds | 0.00 | 0.00 | 0.00 |
| Lease liabilities | 0.00 | 565,344,418.00 | 565,344,418.00 |
| Long-term payables | 2,114,175,683.00 | 2,012,337,567.00 | -101,838,116.00 |
| Long-term employee benefits payable | 0.00 | 0.00 | 0.00 |
| Provisions | 0.00 | 0.00 | 0.00 |
| Deferred income | 4,246,231,468.00 | 4,246,231,468.00 | 0.00 |
| Deferred income tax liabilities | 1,427,601,154.00 | 1,427,601,154.00 | 0.00 |
| Other non-current liabilities | 5,260,001,443.00 | 5,260,001,443.00 | 0.00 |
| Total non-current liabilities | 145,899,748,622.00 | 146,363,254,924.00 | 463,506,302.00 |
| Total liabilities | 250,859,071,617.00 | 251,360,447,965.00 | 501,376,348.00 |
| Owners’ equity: | |||
| Share capital | 34,798,398,763.00 | 34,798,398,763.00 | 0.00 |
| Other equity instruments | 14,146,997,427.00 | 14,146,997,427.00 | 0.00 |
| Including: Preference shares | 0.00 | 0.00 | 0.00 |
| Perpetual bonds | 14,146,997,427.00 | 14,146,997,427.00 | 0.00 |
| Capital reserves | 37,435,655,934.00 | 37,435,655,934.00 | 0.00 |
| Less: Treasury stock | 1,036,298,508.00 | 1,036,298,508.00 | 0.00 |
| Other comprehensive income | -22,198,072.00 | -22,198,072.00 | 0.00 |
| Specific reserve | 0.00 | 0.00 | 0.00 |
| Surplus reserves | 2,444,416,669.00 | 2,444,416,669.00 | 0.00 |
| General reserve | 0.00 | 0.00 | 0.00 |
| Retained earnings | 15,509,794,622.00 | 15,509,794,622.00 | 0.00 |
| Total equity attributable to owners of the Company as the parent | 103,276,766,835.00 | 103,276,766,835.00 | 0.00 |
| Non-controlling interests | 70,120,967,879.00 | 70,120,967,879.00 | 0.00 |
| Total owners’ equity | 173,397,734,714.00 | 173,397,734,714.00 | 0.00 |
| Total liabilities and owners’ equity | 424,256,806,331.00 | 424,758,182,679.00 | 501,376,348.00 |
Note for adjustment:
The Company began to implement the Accounting Standards for Business Enterprises No. 21 - Leases revised in 2018 from 1January 2021. The Company adjusted related items of the Financial Statements at the Beginning of the First Execution Yearaccording to the requirements of the standards.
2. Retrospective Restatement of Previous Comparative Data due to the First Execution of the NewStandards Governing Leases since 2021
□ Applicable √ Not applicable
(III) Independent Auditor’s Report
Indicate by tick mark whether the financial statements above have been audited by an independent auditor.
□ Yes √ No
These financial statements have not been audited by such an auditor.
BOE Technology Group Co., Ltd.Board of Directors28 October 2021