Report for the Third Quarter of 2015
October 2015
Report for the Third Quarter of 2015 of BOE Technology Group Co., Ltd.
Section I. Important Reminders
The Board of Directors, the Supervisory Committee, directors, supervisors and senior management staff of BOE
Technology Group Co., Ltd. (hereinafter referred to as “the Company”) warrant that the contents carried in this
report are without any false record, misleading statement or material omission. And they shall be severally and
jointly liable for the authenticity, accuracy and completeness.
Mr. Wang Dongsheng, company principal, Mr. Chen Yanshun, company president, Ms. Sun Yun, chief of the
accounting work, and Ms. Yang Xiaoping, chief of the accounting organ (chief of accounting), hereby confirm that
the Financial Report enclosed in this report is factual, accurate and complete.
All directors have attended the board session for reviewing this report.
This report is prepared in both Chinese and English. Should there be any understanding discrepancy between the
two versions, the Chinese version shall prevail.
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Report for the Third Quarter of 2015 of BOE Technology Group Co., Ltd.
Section II. Financial Highlights & Change of Shareholders
I. Major accounting data and financial indexes
Does the Company adjust retrospectively or restate accounting data of previous years due to change of the accounting policy or
correction of any accounting error?
□ Yes √ No
Item 30 Sept. 2015 31 Dec. 2014 Increase/decrease (%)
Total assets (RMB Yuan) 146,687,506,706.00 136,240,283,477.00 7.67%
Net assets attributable to shareholders
78,016,645,611.00 76,155,071,579.00 2.44%
of the Company (RMB Yuan)
YoY
YoY increase/decrease
Item Jul.-Sept. 2015 increase/decrease Jan.-Sept. 2015
(%)
(%)
Operating revenues (RMB Yuan) 13,449,597,930.00 46.59% 36,420,446,042.00 44.02%
Net profit attributable to shareholders
41,216,719.00 -94.93% 1,992,387,571.00 7.42%
of the Company (RMB Yuan)
Net profit attributable to shareholders
of the Company after extraordinary -168,061,110.00 -124.10% 1,408,336,827.00 12.89%
gains and losses (RMB Yuan)
Net cash flows from operating
-- -- 7,833,611,103.00 68.68%
activities (RMB Yuan)
Basic EPS (RMB Yuan/share) 0.001 -95.65% 0.057 -20.83%
Diluted EPS (RMB Yuan/share) 0.001 -95.65% 0.057 -20.83%
Weighted average ROE (%) 0.05% -1.03% 2.59% -0.83%
Notes:
The net profits attributable to the shareholders of the Company dropped 94.93% year on year in the third quarter of 2015 mainly
because the Company recorded an exchange loss about RMB 728 million in the third quarter of 2015 due to the depreciation of the
RMB. Speaking without the exchange effects, the Company maintained a steady growth in operating profits for Jan.-Sept. 2015. The
Company will try to increase its overall profitability through a further adjustment to increase the weight of high value-added products
in its product mix.
Items and amounts of extraordinary gains and losses
√Applicable □Inapplicable
Unit: RMB Yuan
Item Amount as of Jan.-Sept. 2015 Note
Gains/losses on the disposal of non-current assets (including the offset part
-8,938,883.00 Naught
of asset impairment provisions)
Tax rebates, reductions or exemptions due to approval beyond authority or 0.00 Naught
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Report for the Third Quarter of 2015 of BOE Technology Group Co., Ltd.
the lack of official approval documents
Government grants recognized in the current period, except for those
acquired in the ordinary course of business or granted at certain quotas or 630,413,083.00 Naught
amounts according to the country’s unified standards
Capital occupation charges on non-financial enterprises that recorded into
0.00 Naught
current gains and losses
Gains due to that the investment costs for the Company to obtain
subsidiaries, associates and joint ventures are lower than the enjoyable fair
0.00 Naught
value of the identifiable net assets of the investees when making the
investments
Gain/loss on non-monetary asset swap 0.00 Naught
Gain/loss on entrusting others with investments or asset management 0.00 Naught
Asset impairment provisions due to acts of God such as natural disasters 0.00 Naught
Gain/loss on debt restructuring 0.00 Naught
Expenses for business reorganization, such as expenses for staffing,
0.00 Naught
reorganization etc.
Gain/loss on the part over the fair value due to transactions with distinctly
0.00 Naught
unfair prices
Current gains and losses of subsidies acquired from business combination
0.00 Naught
under the same control as from period-begin to combination date
Gain/loss on contingent events irrelevant to the Company’s normal business 0.00 Naught
Gains and losses on change in fair value from tradable financial assets and
tradable financial liabilities, as well as investment income from disposal of
tradable financial assets and tradable financial liabilities and financial assets 0.00 Naught
available for sales, except for effective hedging related with normal
businesses of the Company
Reversal of impairment provisions for the accounts receivable on which
0.00 Naught
impairment tests were carried out separately
Gain/loss on external entrustment loans 0.00 Naught
Gain/loss on change of the fair value of investing real estate of which the
0.00 Naught
subsequent measurement is carried out adopting the fair value method
Effect on current gains/losses when a one-off adjustment is made to current
gains/losses according to requirements of taxation, accounting and other 0.00 Naught
relevant laws and regulations
Custody fee income when entrusted with operation 0.00 Naught
Non-operating incomes and expenses other than the above 18,125,944.00 Naught
Other gain/loss items that meet the definition of an extraordinary gain/loss 0.00 Naught
Less: Income tax effects 50,566,462.00 Naught
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Report for the Third Quarter of 2015 of BOE Technology Group Co., Ltd.
Minority interests effects (after tax) 4,982,938.00 Naught
Total 584,050,744.00 --
Explain the reasons if the Company classifies an item as an extraordinary gain/loss according to the definition in the Explanatory
Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Extraordinary Gains and
Losses, or classifies any extraordinary gain/loss item mentioned in the said explanatory announcement as a recurrent gain/loss item
□ Applicable √ Inapplicable
There was no such situation of the Company during the reporting period.
II. Total number of shareholders and shareholdings of the top ten shareholders at the
period-end
1. Total number of common shareholders and shareholdings of the top ten common shareholders at the
period-end
Unit: share
Total number of common
1,635,628 (including: 1,587,866 A-shareholders and 47,762 B-shareholders)
shareholders at the period-end
Shareholdings of the top ten common shareholders
Shareholdi Pledged or frozen shares
Number of
Nature of ng Number of the
Name of shareholder restricted shares Status of Number of
shareholder percentage shares held
held shares shares
(%)
Beijing State-owned Capital State-owned
11.56% 4,063,333,333 4,063,333,333
Management Center Corporation
Chongqing Capital Photoelectricity State-owned
8.53% 3,000,000,000 3,000,000,000 Pledged 1,414,150,000
Investment Co., Ltd. Corporation
Hefei Jianxiang Investment Co., State-owned
8.13% 2,857,142,857 2,857,142,857
Ltd. Corporation
Hua An Fund – ICBC - Zhongrong
International Trust – Zhongrong -
Other 4.45% 1,564,126,904 0
RJ No. 1 Assembled Funds Trust
Plan
China Securities Finance
Other 2.99% 1,051,078,931 0
Corporation Limited
Beijing BOE Investment & State-owned
2.34% 822,092,180 0
Development Co., Ltd. Corporation
Beijing Economic-Technological State-owned
1.93% 677,423,641 0
Investment & Development Corp. Corporation
Hefei Raycom Projects Investment State-owned
1.92% 675,026,803 675,026,803
Co., Ltd. Corporation
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Report for the Third Quarter of 2015 of BOE Technology Group Co., Ltd.
Beijing BDA Technological
Other 1.60% 564,000,000 0
Investment Development Co., Ltd.
Beijing Electronics Holdings Co.,
Nation 0.78% 273,735,583 0
Ltd.
Shareholdings of the top ten non-restricted common shareholders
Number of non-restricted common Type of shares
Name of shareholder
shares held at the period-end Type Number
Hua An Fund – ICBC - Zhongrong International Trust - RMB ordinary
1,564,126,904 1,564,126,904
Zhongrong - RJ No. 1 Assembled Funds Trust Plan shares
RMB ordinary
China Securities Finance Corporation Limited 1,051,078,931 1,051,078,931
shares
RMB ordinary
Beijing BOE Investment & Development Co., Ltd. 822,092,180 822,092,180
shares
Beijing Economic-Technological Investment & RMB ordinary
677,423,641 677,423,641
Development Corp. shares
Beijing BDA Technological Investment Development RMB ordinary
564,000,000 564,000,000
Co., Ltd. shares
RMB ordinary
Beijing Electronics Holdings Co., Ltd. 273,735,583 273,735,583
shares
RMB ordinary
Central Huijin Investment Ltd. 248,305,300 248,305,300
shares
CSOP Asset Management - CSOP FTSE China RMB ordinary
113,965,902 113,965,902
A50ETF shares
Chongqing Jiangbeizui CBD Investment Group Co., RMB ordinary
107,095,238 107,095,238
Ltd. shares
RMB ordinary
Sinotrans Air Transportation Development Co., Ltd. 78,200,000 78,200,000
shares
1. Beijing Electronics Holdings Co., Ltd. held 66.25% shares of Beijing
BOE Investment & Development Co., Ltd., which was the controlling
shareholder of the latter.
2. Beijing Economic-Technological Investment & Development Corp.
held 49% shares of Beijing BDA Technological Investment Development
Explanation on associated relationship or persons acting Co., Ltd., the above mentioned companies were both controlled by the
in concert among the above-mentioned shareholders Beijing Economic - Technological Development Area Administration
Committee and were the persons acting in concert
3. When the Company completed private offering of shares in 2014, Hefei
Jianxiang Investment Co., Ltd., Chongqing Ezcapital Opto-electronics
Industry Investment Co., Ltd. maintained unanimous according to the
declaration of intention from Beijing BOE Investment & Development
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Report for the Third Quarter of 2015 of BOE Technology Group Co., Ltd.
Co., Ltd. when executing the voting rights of the shareholders of the
Company through the agreement of the Voting Rights Exercising
Agreement
4. When the Company completed private offering of shares in 2014,
Beijing State-owned Capital Operation and Management Center
transferred the 70% shares directly held to Beijing Electronic
Shareholding Co., Ltd. for managing through Shares Management
Protocol, and Beijing Electronic Shareholding Co., Ltd. acquired the
shareholders rights except for the disposition rights and equity rights
attached to the equities; Beijing State-owned Capital Operation and
Management Center maintained its voting rights of the rest 30% equity
directly held by itself in accordance with Beijing Electronic Shareholding
Co., Ltd. through the agreement of the Voting Rights Exercising
Agreement.
5. Except for relationship among the above shareholders, the Company is
not aware of whether the other top ten shareholders exist associated
relationship or not, or they are persons acting in concert or not.
Did any of the Company’s top 10 common shareholders or top 10 non-restricted common shareholders conduct any buy-back upon
agreement in the reporting period?
□ Yes √ No
No such cases in the reporting period.
2. Total number of preferred shareholders at the period-end and shares held by the top ten preferred
shareholders
□ Applicable √ Inapplicable
Section III. Significant Events
I. Major movements in the main accounting statement items and financial indicators in the
reporting period, as well as the reasons for the movements
√ Applicable □Inapplicable
Period-beginning/
Period-end/
Item Same period of +/-% Main reasons for the change
Current period
last year
Notes receivable 244,458,507 501,172,383 -51% Notes were adopted less often in settlement.
Accounts receivable 8,417,046,247 6,615,762,122 27% The sales volume increased.
Inventories 5,969,882,176 4,163,304,029 43% The increased sales volume
Other current assets 9,449,645,244 6,085,764,454 55% Financial products and the over-paid VAT increased.
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Report for the Third Quarter of 2015 of BOE Technology Group Co., Ltd.
The construction of the new production lines was
Other non-current assets 523,999,668 1,420,564,369 -63% finished and the relevant prepayments for construction
decreased.
Accounts payable 10,532,204,776 6,691,237,683 57% The new production lines went into operation.
Accounts received in
458,150,377 314,712,632 46% Advances from customers increased.
advance
Interest payable 98,100,212 219,407,964 -55% Some interest was paid.
Non-current liabilities Some long-term borrowings were transferred into this
800,360,276 15,000,000 5236%
due within 1 year item.
Product quality guarantee deposits increased as the
Other current liabilities 448,664,313 290,588,570 54%
sales volume increased.
More production lines were put into operation and the
Operating revenues 36,420,446,042 25,288,069,384 44%
income increased as a result.
Operating costs 28,386,284,793 19,643,200,578 45% The sales volume increased.
Business tax and
170,970,012 70,514,559 142% The tax credit in export tax rebates increased.
surtaxes
The new projects were put into operation and R&D
Administrative expenses 3,512,957,536 2,632,839,349 33%
was enhanced.
The exchange losses increased considerably due to the
Financial expenses 1,049,846,691 -48,134,640 -2281%
adjustments to the foreign exchange policy.
Investment gains 133,698,468 13,643,650 880% Financial products generated more investment gains.
Income tax 495,093,867 284,689,438 74% The main business continued to profit.
II. Progress, influence and solutions of significant events
√ Applicable □ Inapplicable
1. The Company disclosed the Share Buyback Long-effective Mechanism of BOE Technology Group Co., Ltd (2014-2016) on 22
Apr. 2014 and the Pre-Plan for Buyback of Some Public Shares of BOE Technology Group Co., Ltd on 29 Jul. 2014, which has been
reviewed and approved by the 2nd Special General Meeting in 2014. As the buyback period came to an end on 13 Aug. 2015, a total
of 136,569,831 B-shares were bought back this time, which have been written off on 18 Aug. 2015. For details, please refer to the
Announcement No. 2015-061 of BOE Technology Group Co., Ltd on the Completion of Writing off the Shares Bought back & the
Relevant Changes in the Shares disclosed on 20 Aug. 2015.
2. On 19 Jun. 2015, the Company disclosed the Announcement No. 2015-041 of BOE Technology Group Co., Ltd. on the
Acquisition of All Equity Interests of Mingde Investment Co., Ltd. and the Increase of Its Registered Capital. So far, the Company
has gone through all the settlement procedures and formalities to change the information registered with the relevant industry and
commerce administration regarding the Acquisition. For details, please refer to the Announcement No. 2015-068 of BOE
Technology Group Co., Ltd. on the Progress of the Acquisition of Mingde Investment Co., Ltd. disclosed on 31 Aug. 2015.
3. According to the Announcement No. 2015-049 of BOE Technology Group Co., Ltd. on the Resolutions of the 2nd Special General
Meeting in 2015 disclosed on 7 Jul. 2015, Mr. Zhang Jinsong has been elected as a non-independent director for the 7th Board of
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Report for the Third Quarter of 2015 of BOE Technology Group Co., Ltd.
Directors, Mr. Wang Huacheng an independent director for the 7th Board of Directors and Mr. Chen Ming and Ms. Shi Hong
supervisors for the 7th Supervisory Committee.
4. According to the Announcement No. 2015-055 of BOE Technology Group Co., Ltd. on the Resolutions of the 26th Meeting of the
7th Board of Directors disclosed on 30 Jul. 2015, Mr. Xie Xiaoming has been elected as a vice chairman for the 7 th Board of
Directors.
5. According to the Announcement No. 2015-056 of BOE Technology Group Co., Ltd. on the Resolutions of the 11th Meeting of the
7th Supervisory Committee disclosed on 30 Jul. 2015, Mr. Chen Ming has been elected as the chairman for the 7th Supervisory
Committee.
6. Up to 9 Jul. 2015, Chongqing BOE had cumulatively received RMB 100 million as special funds from the budget of the
Administration of the Liangjiang New District, Chongqing, which would be used for Chongqing BOE’s 8.5G New-type
Semi-conductor Display Devices and System Project.
7. The Fuzhou 8.5G Production Line has started construction on 11 Oct. 2015.
8. On 15 Sept. 2015, the Company disclosed the Announcement No. 2015-070 of BOE Technology Group Co., Ltd. on the
Resolutions of the Third Special General Meeting in 2015, at which the 2015 Interim Profit Distribution Pre-Plan was reviewed and
approved.
Index to the relevant announcement
Overview of the significant event Date of disclosure
disclosed on the website
Announcement of BOE Technology Group Co., Ltd. on Investment
18 Aug. 2015 www.cninfo.com.cn
in an Integrated Circuit Fund and the Fund Management Company
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Report for the Third Quarter of 2015 of BOE Technology Group Co., Ltd.
III. Commitments made by the Company or shareholders holding over 5% of the Company’s shares in the reporting period or such
commitments carried down into the reporting period
√ Applicable □ Inapplicable
Time of commitment
Commitment Commitment maker Contents Period of commitment Fulfillment
making
Commitments of share reform
Commitments made in acquisition report or in report on
changes of equity
Commitments made at the time of assets reorganization
Beijing State-owned Capital
Operation and Management The shares acquired from this
Center, Hefei Jianxiang subscription shall not be transferred
Commitments made in the first public offering or
Investment Co., Ltd., within 36 months from the first trading 8 Apr. 2014 36 months In execution
refinancing.
Chongqing Capital date of these newly increased shares in
Photoelectricity Investment the private placement by the issuer.
Co., Ltd.
It shall not sell the 231,700
non-restricted RMB ordinary shares that
it has newly obtained through a
Beijing Electronics Holdings
directional asset plan during the 31 Jul. 2015 Six months In execution
Co., Ltd.
implementation of the shareholding
Other commitments made to the minority shareholders of
increase and the six months after the
the Company
completion of the shareholding increase.
It shall not sell the 6,311,100
Beijing BOE Investment & non-restricted RMB ordinary shares that
24 Aug. 2015 Six months In execution
Development Co., Ltd. it has newly obtained through a
directional asset plan during the
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Report for the Third Quarter of 2015 of BOE Technology Group Co., Ltd.
implementation of the shareholding
increase and the six months after the
completion of the shareholding increase.
Fulfilled in time or not Yes
Detailed reasons for failing to fulfill the commitment and
Inapplicable
the plan for the next step (if any)
IV. Predict the 2015 annual operating results
Warnings of possible loss or large-margin change of the accumulated net profit made during the period from the beginning of the year to the end of the next reporting period compared with the
same period of the last year according to prediction, as well as explanations on the reasons
□Applicable √Inapplicable
V. Securities investment
□Applicable √Inapplicable
No such cases in the reporting period.
VI. Shareholdings in other listed companies
√ Applicable □ Inapplicable
Change of
The Company’s
Initial investment Gain/loss for owner’s equity in
shareholding Closing book
Stock code Stock abbr. amount (RMB reporting period the reporting Accounting title Source of stock
percentage in the value (RMB Yuan)
Yuan) (RMB Yuan) period (RMB
investee (%)
Yuan)
Available-for-sale
HK00903 TPV Technology 134,658,158 1.04% 23,196,846 193,252.00 -9,088,982 Subscription
financial assets
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Report for the Third Quarter of 2015 of BOE Technology Group Co., Ltd.
Available-for-sale
SH600658 Electronic Zone 90,160,428 1.69% 86,804,318 2,553,068.00 -28,280,140 Share swap
financial assets
Bank of Available-for-sale
HK01963 120,084,375 0.93% 110,612,379 0 -8,442,342 Subscription
Chongqing financial assets
Total 344,902,961 -- 220,613,543 2,746,320 -45,811,464 -- --
VII. Investments in derivatives
□Applicable √Inapplicable
No such cases in the reporting period.
VIII. Researches, visits and interviews received in the reporting period
√Applicable □Inapplicable
Time Place Way of reception Visitor type Visitor Main discussion and materials provided by the Company
Shenwan Hongyuan, Northeast Securities, Main content discussed:
The Company’s
2 Jul. 2015 Field research Institution Hua Chuang Securities, Dongxing 1. The operating situation, the future development strategy of the
meeting room
Securities, Industrial Securities Company; 2. Industry conditions and development trend;
3. Situation of the several production lines of the Company;
Cathay Life Insurance, Capital Investment
Materials provided:
13 Jul. 2015 Teleconference By phone Institution Trust, Yuanta Funds. Tongyi Investment
Annual report of the Company of 2014, Report of the First Quarter of
Trust, Union Securities Investment Trust
2015, brochure and other public information.
KTB Investment & Securities Co., Ltd 、 Main content discussed:
The Company’s
28 Aug. 2015 Field research Institution Franklin Templeton Investments, Samsung 1. The operating situation, the future development strategy of the
meeting room
Asset Management Company; 2. Industry conditions and development trend;
The Company’s 3. Situation of the several production lines of the Company;
1 Sep. 2015 Field research Institution Bank of America Merrill Lynch, JP Morgan
meeting room Materials provided:
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Report for the Third Quarter of 2015 of BOE Technology Group Co., Ltd.
Annual report of the Company of 2014, Report of the First Quarter of
2015, brochure and other public information.
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Report for the Third Quarter of 2015 of BOE Technology Group Co., Ltd.
Section IV. Financial Statements
I. Financial statements
1. Consolidated balance sheet
Prepared by BOE Technology Group Co., Ltd.
Unit: RMB Yuan
Item Closing balance Opening balance
Current assets:
Monetary funds 34,825,388,176.00 40,172,401,999.00
Settlement reserves 0.00 0.00
Intra-group lendings 0.00 0.00
Financial assets measured at fair value of which changes are recorded in
0.00 0.00
current profits and losses
Derivative financial assets 0.00 0.00
Notes receivable 244,458,507.00 501,172,383.00
Accounts receivable 8,417,046,247.00 6,615,762,122.00
Accounts paid in advance 259,672,951.00 150,734,013.00
Premiums receivable 0.00 0.00
Reinsurance premiums receivable 0.00 0.00
Receivable reinsurance contract reserves 0.00 0.00
Interest receivable 251,422,668.00 275,877,747.00
Dividend receivable 0.00 0.00
Other accounts receivable 535,458,917.00 720,716,550.00
Financial assets purchased under agreements to resell 0.00 0.00
Inventories 5,969,882,176.00 4,163,304,029.00
Assets held for sale 0.00 0.00
Non-current assets due within 1 year 0.00 0.00
Other current assets 9,449,645,244.00 6,085,764,454.00
Total current assets 59,952,974,886.00 58,685,733,297.00
Non-current assets:
Loans by mandate and advances granted 0.00 0.00
Available-for-sale financial assets 285,369,654.00 323,530,493.00
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Report for the Third Quarter of 2015 of BOE Technology Group Co., Ltd.
Held-to-maturity investments 0.00 0.00
Long-term accounts receivable 0.00 0.00
Long-term equity investment 739,896,624.00 638,819,435.00
Investing real estate 1,237,173,997.00 1,251,820,763.00
Fixed assets 61,154,812,722.00 49,398,396,189.00
Construction in progress 19,479,228,048.00 21,868,641,210.00
Engineering materials 0.00 0.00
Disposal of fixed assets 0.00 0.00
Production biological assets 0.00 0.00
Oil-gas assets 0.00 0.00
Intangible assets 2,690,226,279.00 2,158,510,516.00
R&D expense 0.00 0.00
Goodwill 155,756,341.00 51,502,898.00
Long-term deferred expenses 348,997,906.00 303,984,682.00
Deferred income tax assets 119,070,580.00 138,779,625.00
Other non-current assets 523,999,669.00 1,420,564,369.00
Total of non-current assets 86,734,531,820.00 77,554,550,180.00
Total assets 146,687,506,706.00 136,240,283,477.00
Current liabilities:
Short-term borrowings 1,964,934,982.00 2,158,988,600.00
Borrowings from the Central Bank 0.00 0.00
Customer bank deposits and due to banks and other financial institutions 0.00 0.00
Intra-group borrowings 0.00 0.00
Financial liabilities measured at fair value of which changes are recorded in
0.00 0.00
current profits and losses
Derivative financial liabilities 0.00 0.00
Notes payable 237,523,622.00 258,737,884.00
Accounts payable 10,532,204,776.00 6,691,237,683.00
Accounts received in advance 458,150,377.00 314,712,632.00
Financial assets sold and repurchased 0.00 0.00
Handling charges and commissions payable 0.00 0.00
Payroll payable 1,238,207,534.00 1,151,622,921.00
Tax payable 231,654,304.00 318,219,650.00
Interest payable 98,100,212.00 219,407,964.00
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Report for the Third Quarter of 2015 of BOE Technology Group Co., Ltd.
Dividend payable 9,651,170.00 8,051,170.00
Other accounts payable 6,329,285,449.00 7,550,386,025.00
Reinsurance premiums payable 0.00 0.00
Insurance contract reserves 0.00 0.00
Payables for acting trading of securities 0.00 0.00
Payables for acting underwriting of securities 0.00 0.00
Liabilities held for sale 0.00 0.00
Non-current liabilities due within 1 year 800,360,276.00 15,000,000.00
Other current liabilities 448,664,313.00 290,588,570.00
Total current liabilities 22,348,737,015.00 18,976,953,099.00
Non-current liabilities:
Long-term borrowings 39,160,134,497.00 33,631,104,669.00
Bonds payable 0.00 0.00
Of which: preference shares 0.00 0.00
Perpetual bonds 0.00 0.00
Long-term payables 0.00 0.00
Long-term payroll payables 0.00 0.00
Specific payables 0.00 0.00
Estimated liabilities 19,991,508.00 16,457,010.00
Deferred income 2,305,873,537.00 2,441,846,447.00
Deferred income tax liabilities 366,888,091.00 347,949,970.00
Other non-current liabilities 3,541,062,202.00 3,866,566,063.00
Total non-current liabilities 45,393,949,835.00 40,303,924,159.00
Total liabilities 67,742,686,850.00 59,280,877,258.00
Owners’ equity:
Share capital 35,153,067,743.00 35,289,637,574.00
Other equity instruments 0.00 0.00
Of which: preference shares 0.00 0.00
Perpetual bonds 0.00 0.00
Capital reserves 38,942,111,340.00 39,084,393,441.00
Less: Treasury stock 0.00 198,004,581.00
Other comprehensive income -9,335,577.00 40,630,611.00
Specific reserves 0.00 0.00
Surplus reserves 550,734,504.00 503,668,861.00
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Report for the Third Quarter of 2015 of BOE Technology Group Co., Ltd.
Provisions for general risks 0.00 0.00
Retained profits 3,380,067,601.00 1,434,745,673.00
Total equity attributable to owners of the Company 78,016,645,611.00 76,155,071,579.00
Minority interests 928,174,245.00 804,334,640.00
Total owners’ equity 78,944,819,856.00 76,959,406,219.00
Total liabilities and owners’ equity 146,687,506,706.00 136,240,283,477.00
Legal representative: Wang Dongsheng Person-in-charge of the accounting work: Sun Yun
Chief of the accounting division: Yang Xiaoping
2. Balance sheet of the Company
Unit: RMB Yuan
Item Closing balance Opening balance
Current assets:
Monetary funds 2,518,741,797.00 8,801,283,810.00
Financial assets measured at fair value of which changes are recorded in
0.00 0.00
current profits and losses
Derivative financial assets 0.00 0.00
Notes receivable 1,269,022.00 5,318,912.00
Accounts receivable 73,085,228.00 59,490,497.00
Accounts paid in advance 21,087,102.00 3,995,544.00
Interest receivable 89,545,107.00 131,061,842.00
Dividend receivable 90,941,079.00 88,741,079.00
Other accounts receivable 4,274,286,881.00 1,050,896,232.00
Inventories 10,873,902.00 5,055,934.00
Assets held for sale 0.00 0.00
Non-current assets due within 1 year 0.00 0.00
Other current assets 113,142,833.00 97,212,285.00
Total current assets 7,192,972,951.00 10,243,056,135.00
Non-current assets:
Available-for-sale financial assets 128,689,196.00 166,058,318.00
Held-to-maturity investments 0.00 0.00
Long-term accounts receivable 0.00 0.00
Long-term equity investment 75,931,190,483.00 67,577,417,145.00
16
Report for the Third Quarter of 2015 of BOE Technology Group Co., Ltd.
Investing real estate 171,019,639.00 174,907,073.00
Fixed assets 397,977,638.00 360,386,719.00
Construction in progress 498,014,165.00 439,161,911.00
Engineering materials 0.00 0.00
Disposal of fixed assets 0.00 0.00
Production biological assets 0.00 0.00
Oil-gas assets 0.00 0.00
Intangible assets 660,898,799.00 498,655,457.00
R&D expense 0.00 0.00
Goodwill 0.00 0.00
Long-term deferred expenses 107,715,820.00 107,514,008.00
Deferred income tax assets 0.00 0.00
Other non-current assets 17,351,908.00 12,851,569.00
Total of non-current assets 77,912,857,648.00 69,336,952,200.00
Total assets 85,105,830,599.00 79,580,008,335.00
Current liabilities:
Short-term borrowings 0.00 0.00
Financial liabilities measured at fair value of which changes are recorded in
0.00 0.00
current profits and losses
Derivative financial liabilities 0.00 0.00
Notes payable 0.00 0.00
Accounts payable 256,316,879.00 23,725,287.00
Accounts received in advance 473,682,079.00 6,255,398.00
Payroll payable 122,271,315.00 144,350,801.00
Tax payable 10,750,074.00 32,443,336.00
Interest payable 28,728,485.00 217,750.00
Dividend payable 6,451,171.00 6,451,170.00
Other accounts payable 4,700,139,426.00 4,678,071,031.00
Liabilities held for sale 0.00 0.00
Non-current liabilities due within 1 year 0.00 0.00
Other current liabilities 0.00 0.00
Total current liabilities 5,598,339,429.00 4,891,514,773.00
Non-current liabilities:
Long-term borrowings 5,195,686,100.00 670,000,000.00
17
Report for the Third Quarter of 2015 of BOE Technology Group Co., Ltd.
Bonds payable 0.00 0.00
Of which: preference shares 0.00 0.00
Perpetual bonds 0.00 0.00
Long-term payables 0.00 0.00
Long-term payroll payables 0.00 0.00
Specific payables 0.00 0.00
Estimated liabilities 0.00 0.00
Deferred income 70,232,687.00 90,395,075.00
Deferred income tax liabilities 0.00 0.00
Other non-current liabilities 0.00 0.00
Total non-current liabilities 5,265,918,787.00 760,395,075.00
Total liabilities 10,864,258,216.00 5,651,909,848.00
Owners’ equity:
Share capital 35,153,067,743.00 35,289,637,574.00
Other equity instruments 0.00 0.00
Of which: preference shares 0.00 0.00
Perpetual bonds 0.00 0.00
Capital reserves 38,078,473,103.00 38,218,959,047.00
Less: Treasury stock 0.00 198,004,581.00
Other comprehensive income 35,282,233.00 72,651,355.00
Specific reserves 0.00 0.00
Surplus reserves 550,734,504.00 503,668,861.00
Retained profits 424,014,800.00 41,186,231.00
Total owners’ equity 74,241,572,383.00 73,928,098,487.00
Total liabilities and owners’ equity 85,105,830,599.00 79,580,008,335.00
3. Consolidated income statement for the reporting period
Unit: RMB Yuan
Item Jul.-Sept. 2015 Jul.-Sept. 2014
I. Operating revenues 13,449,597,930.00 9,174,897,800.00
Including: Sales income 13,449,597,930.00 9,174,897,800.00
Interest income 0.00 0.00
Premium income 0.00 0.00
Handling charge and commission income 0.00 0.00
18
Report for the Third Quarter of 2015 of BOE Technology Group Co., Ltd.
II. Operating costs 13,627,139,869.00 8,350,295,960.00
Including: Cost of sales 10,876,674,345.00 7,013,082,105.00
Interest expenses 0.00 0.00
Handling charge and commission expenses 0.00 0.00
Surrenders 0.00 0.00
Net claims paid 0.00 0.00
Net amount withdrawn for the insurance contract reserve 0.00 0.00
Expenditure on policy dividends 0.00 0.00
Reinsurance premium 0.00 0.00
Taxes and associate charges 56,633,591.00 32,544,194.00
Selling and distribution expenses 376,642,899.00 265,221,359.00
Administrative expenses 1,260,538,490.00 933,983,354.00
Financial expenses 873,505,602.00 -154,874,212.00
Asset impairment loss 183,144,942.00 260,339,160.00
Add: Gain/(loss) from change in fair value (“-” means loss) 0.00 0.00
Gain/(loss) from investment (“-” means loss) 69,039,318.00 6,719,261.00
Including: share of profits in associates and joint ventures 2,917,230.00 1,458,408.00
Foreign exchange gains (“-” means loss) 0.00 0.00
III. Business profit (“-” means loss) -108,502,621.00 831,321,101.00
Add: non-operating income 230,516,962.00 143,013,032.00
Including: Gains on disposal of non-current assets 281,392.00 2,297,405.00
Less: non-operating expense 2,340,865.00 14,650,490.00
Including: Losses on disposal of non-current assets 1,453,376.00 4,261,889.00
IV. Total profit (“-” means loss) 119,673,476.00 959,683,643.00
Less: Income tax expense 84,033,203.00 128,669,238.00
V. Net profit (“-” means loss) 35,640,273.00 831,014,405.00
Net profit attributable to owners of the Company 41,216,719.00 813,085,737.00
Minority shareholders’ income -5,576,446.00 17,928,668.00
VI. After-tax net amount of other comprehensive incomes -121,484,185.00 36,869,687.00
After-tax net amount of other comprehensive incomes attributable to owners
-121,484,185.00 36,869,687.00
of the Company
(I) Other comprehensive incomes that will not be reclassified into gains
0.00 0.00
and losses
1. Changes in net liabilities or assets with a defined benefit plan upon
0.00 0.00
re-measurement
19
Report for the Third Quarter of 2015 of BOE Technology Group Co., Ltd.
2. Enjoyable shares in other comprehensive incomes in investees that
0.00 0.00
cannot be reclassified into gains and losses under the equity method
(II) Other comprehensive incomes that will be reclassified into gains and
-121,484,185.00 36,869,687.00
losses
1. Enjoyable shares in other comprehensive incomes in investees that
0.00 0.00
will be reclassified into gains and losses under the equity method
2. Gains and losses on fair value changes of available-for-sale financial
-112,978,008.00 36,604,842.00
assets
3. Gains and losses on reclassifying held-to-maturity investments into
0.00 0.00
available-for-sale financial assets
4. Effective hedging gains and losses on cash flows 0.00 0.00
5. Foreign-currency financial statement translation difference -8,506,177.00 264,845.00
6. Other 0.00 0.00
After-tax net amount of other comprehensive incomes attributable to
0.00 0.00
minority shareholders
VII. Total comprehensive incomes -85,843,912.00 867,884,092.00
Attributable to owners of the Company -80,267,466.00 849,955,424.00
Attributable to minority shareholders -5,576,446.00 17,928,668.00
VIII. Earnings per share
(I) Basic earnings per share 0.001 0.023
(II) Diluted earnings per share 0.001 0.023
Where business mergers under the same control occurred in the reporting period, the net profit achieved by the merged parties before
the business mergers was RMB 0.00, with the corresponding amount for the same period of last year being RMB 0.00.
Legal representative: Wang Dongsheng Person-in-charge of the accounting work: Sun Yun
Chief of the accounting division: Yang Xiaoping
4. Income statement of the Company for the reporting period
Unit: RMB Yuan
Item Jul.-Sept. 2015 Jul.-Sept. 2014
I. Total sales 223,827,908.00 300,812,127.00
Less: cost of sales 32,040,271.00 29,879,471.00
Business taxes and surcharges 2,044,186.00 1,847,365.00
Distribution expenses 739,023.00 875,210.00
Administrative expenses 259,800,509.00 214,993,732.00
Financial costs -20,920,909.00 -105,002,218.00
20
Report for the Third Quarter of 2015 of BOE Technology Group Co., Ltd.
Impairment loss 0.00 0.00
Add: gain/(loss) from change in fair value (“-” means loss) 0.00 0.00
Gain/(loss) from investment (“-” means loss) 2,762,233.00 25,723,596.00
Including: income form investment on associates and joint ventures 2,955,484.00 1,458,408.00
II. Business profit (“-” means loss) -47,112,939.00 183,942,163.00
Add: non-operating income 6,661,505.00 10,286,819.00
Including: Gains on disposal of non-current assets 59,799.00 0.00
Less: non-operating expense 310,782.00 3,560.00
Including: Losses on disposal of non-current assets 7,135.00 0.00
III. Total profit (“-” means loss) -40,762,216.00 194,225,422.00
Less: Income tax expense 0.00 0.00
IV. Net profit (“-” means loss) -40,762,216.00 194,225,422.00
V. After-tax net amount of other comprehensive incomes -69,881,190.00 35,168,412.00
(I) Other comprehensive incomes that will not be reclassified into gains and
0.00 0.00
losses
1. Changes in net liabilities or assets with a defined benefit plan upon
0.00 0.00
re-measurement
2. Enjoyable shares in other comprehensive incomes in investees that cannot
0.00 0.00
be reclassified into gains and losses under the equity method
(II) Other comprehensive incomes that will be reclassified into gains and
-69,881,190.00 35,168,412.00
losses
1. Enjoyable shares in other comprehensive incomes in investees that will be
0.00 0.00
reclassified into gains and losses under the equity method
2. Gains and losses on fair value changes of available-for-sale financial
-69,881,190.00 35,168,412.00
assets
3. Gains and losses on reclassifying held-to-maturity investments into
0.00 0.00
available-for-sale financial assets
4. Effective hedging gains and losses on cash flows 0.00 0.00
5. Foreign-currency financial statement translation difference 0.00 0.00
6. Other 0.00 0.00
VI. Total comprehensive incomes -110,643,406.00 229,393,834.00
VII. Earnings per share
(I) Basic earnings per share -0.0012 0.0055
(II) Diluted earnings per share -0.0012 0.0055
21
Report for the Third Quarter of 2015 of BOE Technology Group Co., Ltd.
5. Consolidated income statement for Jan.-Sept. 2015
Unit: RMB Yuan
Item Jan.-Sept. 2015 Jan.-Sept. 2014
I. Operating revenues 36,420,446,042.00 25,288,069,384.00
Including: Sales income 36,420,446,042.00 25,288,069,384.00
Interest income 0.00 0.00
Premium income 0.00 0.00
Handling charge and commission income 0.00 0.00
II. Operating costs 34,709,856,746.00 23,690,820,962.00
Including: Cost of sales 28,386,284,793.00 19,643,200,578.00
Interest expenses 0.00 0.00
Handling charge and commission expenses 0.00 0.00
Surrenders 0.00 0.00
Net claims paid 0.00 0.00
Net amount withdrawn for the insurance contract reserve 0.00 0.00
Expenditure on policy dividends 0.00 0.00
Reinsurance premium 0.00 0.00
Taxes and associate charges 170,970,012.00 70,514,559.00
Selling and distribution expenses 909,331,602.00 746,885,192.00
Administrative expenses 3,512,957,536.00 2,632,839,349.00
Financial expenses 1,049,846,691.00 -48,134,640.00
Asset impairment loss 680,466,112.00 645,515,924.00
Add: Gain/(loss) from change in fair value (“-” means loss) 0.00 0.00
Gain/(loss) from investment (“-” means loss) 133,698,468.00 13,643,650.00
Including: share of profits in associates and joint ventures 13,474,267.00 5,849,368.00
Foreign exchange gains (“-” means loss) 0.00 0.00
III. Business profit (“-” means loss) 1,844,287,764.00 1,610,892,072.00
Add: non-operating income 655,288,420.00 691,373,237.00
Including: Gains on disposal of non-current assets 1,763,067.00 3,369,823.00
Less: non-operating expense 15,688,276.00 23,662,699.00
Including: Losses on disposal of non-current assets 10,701,950.00 7,226,063.00
IV. Total profit (“-” means loss) 2,483,887,908.00 2,278,602,610.00
Less: Income tax expense 495,093,867.00 284,689,438.00
V. Net profit (“-” means loss) 1,988,794,041.00 1,993,913,172.00
22
Report for the Third Quarter of 2015 of BOE Technology Group Co., Ltd.
Net profit attributable to owners of the Company 1,992,387,571.00 1,854,721,451.00
Minority shareholders’ income -3,593,530.00 139,191,721.00
VI. After-tax net amount of other comprehensive incomes -50,041,037.00 9,724,331.00
After-tax net amount of other comprehensive incomes attributable to
-49,966,188.00 9,724,331.00
owners of the Company
(I) Other comprehensive incomes that will not be reclassified into gains
0.00 0.00
and losses
1. Changes in net liabilities or assets with a defined benefit plan upon
0.00 0.00
re-measurement
2. Enjoyable shares in other comprehensive incomes in investees that
0.00 0.00
cannot be reclassified into gains and losses under the equity method
(II) Other comprehensive incomes that will be reclassified into gains
-49,966,188.00 9,724,331.00
and losses
1. Enjoyable shares in other comprehensive incomes in investees that
0.00 0.00
will be reclassified into gains and losses under the equity method
2. Gains and losses on fair value changes of available-for-sale
-40,362,278.00 8,172,139.00
financial assets
3. Gains and losses on reclassifying held-to-maturity investments into
0.00 0.00
available-for-sale financial assets
4. Effective hedging gains and losses on cash flows 0.00 0.00
5. Foreign-currency financial statement translation difference -9,603,910.00 1,552,192.00
6. Other 0.00 0.00
After-tax net amount of other comprehensive incomes attributable to
-74,849.00 0.00
minority shareholders
VII. Total comprehensive incomes 1,938,753,004.00 2,003,637,503.00
Attributable to owners of the Company 1,942,421,383.00 1,864,445,782.00
Attributable to minority shareholders -3,668,379.00 139,191,721.00
VIII. Earnings per share
(I) Basic earnings per share 0.057 0.072
(II) Diluted earnings per share 0.057 0.072
Where business mergers under the same control occurred in this period, the net profit achieved by the merged parties before the
business mergers was RMB 0.00, with the corresponding amount for the same period of last year being RMB 0.00.
6. Income statement of the Company for Jan.-Sept. 2015
Unit: RMB Yuan
Item Jan.-Sept. 2015 Jan.-Sept. 2014
23
Report for the Third Quarter of 2015 of BOE Technology Group Co., Ltd.
I. Total sales 618,959,434.00 695,418,265.00
Less: cost of sales 97,365,275.00 86,632,354.00
Business taxes and surcharges 7,653,072.00 4,944,059.00
Distribution expenses 2,413,142.00 2,007,832.00
Administrative expenses 726,398,468.00 569,304,381.00
Financial costs -94,994,208.00 -133,063,336.00
Impairment loss 0.00 0.00
Add: gain/(loss) from change in fair value (“-” means loss) 0.00 0.00
Gain/(loss) from investment (“-” means loss) 468,109,218.00 32,306,186.00
Including: income form investment on associates and joint ventures 13,512,521.00 5,507,569.00
II. Business profit (“-” means loss) 348,232,903.00 197,899,161.00
Add: non-operating income 82,043,756.00 24,449,738.00
Including: Gains on disposal of non-current assets 83,799.00 44,100.00
Less: non-operating expense 382,447.00 88,888.00
Including: Losses on disposal of non-current assets 8,690.00 1,935.00
III. Total profit (“-” means loss) 429,894,212.00 222,260,011.00
Less: Income tax expense 0.00 0.00
IV. Net profit (“-” means loss) 429,894,212.00 222,260,011.00
V. After-tax net amount of other comprehensive incomes -37,369,122.00 13,125,763.00
(I) Other comprehensive incomes that will not be reclassified into gains and
0.00 0.00
losses
1. Changes in net liabilities or assets with a defined benefit plan upon
0.00 0.00
re-measurement
2. Enjoyable shares in other comprehensive incomes in investees that
0.00 0.00
cannot be reclassified into gains and losses under the equity method
(II) Other comprehensive incomes that will be reclassified into gains and
-37,369,122.00 13,125,763.00
losses
1. Enjoyable shares in other comprehensive incomes in investees that will
0.00 0.00
be reclassified into gains and losses under the equity method
2. Gains and losses on fair value changes of available-for-sale financial
-37,369,122.00 13,125,763.00
assets
3. Gains and losses on reclassifying held-to-maturity investments into
0.00 0.00
available-for-sale financial assets
4. Effective hedging gains and losses on cash flows 0.00 0.00
5. Foreign-currency financial statement translation difference 0.00 0.00
6. Other 0.00 0.00
24
Report for the Third Quarter of 2015 of BOE Technology Group Co., Ltd.
VI. Total comprehensive incomes 392,525,090.00 235,385,774.00
VII. Earnings per share
(I) Basic earnings per share 0.0122 0.009
(II) Diluted earnings per share 0.0122 0.009
7. Consolidated cash flow statement for Jan.-Sept. 2015
Unit: RMB Yuan
Item Jan.-Sept. 2015 Jan.-Sept. 2014
I. Cash flows from operating activities:
Cash received from sale of commodities and rendering of service 36,345,984,473.00 26,232,696,940.00
Net increase of deposits from customers and dues from banks 0.00 0.00
Net increase of loans from the central bank 0.00 0.00
Net increase of funds borrowed from other financial institutions 0.00 0.00
Cash received from premium of original insurance contracts 0.00 0.00
Net cash received from reinsurance business 0.00 0.00
Net increase of deposits of policy holders and investment fund 0.00 0.00
Net increase of disposal of financial assets measured at fair value of which
0.00 0.00
changes are recorded into current gains and losses
Cash received from interest, handling charges and commissions 0.00 0.00
Net increase of intra-group borrowings 0.00 0.00
Net increase of funds in repurchase business 0.00 0.00
Tax refunds received 2,593,189,930.00 922,151,691.00
Other cash received relating to operating activities 920,462,620.00 880,323,747.00
Subtotal of cash inflows from operating activities 39,859,637,023.00 28,035,172,378.00
Cash paid for goods and services 24,543,335,064.00 18,501,878,623.00
Net increase of customer lendings and advances 0.00 0.00
Net increase of funds deposited in the central bank and amount due from
0.00 0.00
banks
Cash for paying claims of the original insurance contracts 0.00 0.00
Cash for paying interest, handling charges and commissions 0.00 0.00
Cash for paying policy dividends 0.00 0.00
Cash paid to and for employees 3,799,438,331.00 2,660,841,011.00
Various taxes paid 1,318,703,589.00 761,478,700.00
Other cash payment relating to operating activities 2,364,548,936.00 1,466,870,821.00
25
Report for the Third Quarter of 2015 of BOE Technology Group Co., Ltd.
Subtotal of cash outflows from operating activities 32,026,025,920.00 23,391,069,155.00
Net cash flows from operating activities 7,833,611,103.00 4,644,103,223.00
II. Cash flows from investing activities:
Cash received from withdrawal of investments 7,931,535,212.00 0.00
Cash received from return on investments 94,512,076.00 27,676,449.00
Net cash received from disposal of fixed assets, intangible assets and other
1,962,487.00 217,978,465.00
long-term assets
Net cash received from disposal of subsidiaries or other business units 0.00 0.00
Other cash received relating to investing activities 1,541,068,494.00 3,751,154,886.00
Subtotal of cash inflows from investing activities 9,569,078,269.00 3,996,809,800.00
Cash paid to acquire fixed assets, intangible assets and other long-term assets 13,708,972,589.00 14,507,066,576.00
Cash paid for investment 10,897,679,045.00 1,240,835,666.00
Net increase of pledged loans 0.00 0.00
Net cash paid to acquire subsidiaries and other business units 404,844,377.00 534,815,100.00
Other cash payments relating to investing activities 406,215,770.00 2,765,809,694.00
Subtotal of cash outflows from investing activities 25,417,711,781.00 19,048,527,036.00
Net cash flows from investing activities -15,848,633,512.00 -15,051,717,236.00
III. Cash Flows from Financing Activities:
Cash received from capital contributions 0.00 30,752,700,690.00
Including: Cash received from minority shareholder investments by
0.00 0.00
subsidiaries
Cash received from borrowings 13,230,442,064.00 15,164,084,920.00
Cash received from issuance of bonds 0.00 0.00
Other cash received relating to financing activities 39,954,862.00 48,165,983.00
Subtotal of cash inflows from financing activities 13,270,396,926.00 45,964,951,593.00
Repayment of borrowings 8,519,532,762.00 13,817,603,713.00
Cash paid for interest expenses and distribution of dividends or profit 861,184,571.00 1,419,387,604.00
Including: dividends or profit paid by subsidiaries to minority
0.00 0.00
shareholders
Other cash payments relating to financing activities 422,671,153.00 740,055,221.00
Sub-total of cash outflows from financing activities 9,803,388,486.00 15,977,046,538.00
Net cash flows from financing activities 3,467,008,440.00 29,987,905,055.00
IV. Effect of foreign exchange rate changes on cash and cash equivalents 661,783,286.00 45,964,982.00
V. Net increase in cash and cash equivalents -3,886,230,683.00 19,626,256,024.00
Add: Opening balance of cash and cash equivalents 36,504,707,160.00 16,474,975,849.00
26
Report for the Third Quarter of 2015 of BOE Technology Group Co., Ltd.
VI. Closing balance of cash and cash equivalents 32,618,476,477.00 36,101,231,873.00
8. Cash flow statement of the Company for Jan.-Sept. 2015
Unit: RMB Yuan
Item Jan.-Sept. 2015 Jan.-Sept. 2014
I. Cash flows from operating activities:
Cash received from sale of commodities and rendering of service 146,603,362.00 118,139,827.00
Tax refunds received 0.00 698,357.00
Other cash received relating to operating activities 1,258,835,900.00 1,265,772,534.00
Subtotal of cash inflows from operating activities 1,405,439,262.00 1,384,610,718.00
Cash paid for goods and services 222,529,530.00 143,143,254.00
Cash paid to and for employees 360,992,295.00 306,493,243.00
Various taxes paid 38,951,331.00 28,818,697.00
Other cash payment relating to operating activities 776,920,049.00 918,386,207.00
Subtotal of cash outflows from operating activities 1,399,393,205.00 1,396,841,401.00
Net cash flows from operating activities 6,046,057.00 -12,230,683.00
II. Cash flows from investing activities:
Cash received from withdrawal of investments 0.00 0.00
Cash received from return on investments 451,236,880.00 27,638,617.00
Net cash received from disposal of fixed assets, intangible assets and other
28,545.00 67,400.00
long-term assets
Net cash received from disposal of subsidiaries or other business units 0.00 0.00
Other cash received relating to investing activities 140,500,839.00 46,788,174.00
Subtotal of cash inflows from investing activities 591,766,264.00 74,494,191.00
Cash paid to acquire fixed assets, intangible assets and other long-term assets 91,796,869.00 98,499,524.00
Cash paid for investment 8,330,044,158.00 12,209,911,111.00
Net cash paid to acquire subsidiaries and other business units 0.00 6,834,815,100.00
Other cash payments relating to investing activities 465,407.00 56,136,870.00
Subtotal of cash outflows from investing activities 8,422,306,434.00 19,199,362,605.00
Net cash flows from investing activities -7,830,540,170.00 -19,124,868,414.00
III. Cash Flows from Financing Activities:
Cash received from capital contributions 0.00 30,752,700,690.00
Cash received from borrowings 4,467,300,200.00 0.00
Cash received from issuance of bonds 0.00 0.00
27
Report for the Third Quarter of 2015 of BOE Technology Group Co., Ltd.
Other cash received relating to financing activities 11,400,214.00 0.00
Subtotal of cash inflows from financing activities 4,478,700,414.00 30,752,700,690.00
Repayment of borrowings 0.00 50,000,000.00
Cash paid for interest expenses and distribution of dividends or profit 9,665,367.00 299,283,333.00
Other cash payments relating to financing activities 2,908,390,000.00 363,324,088.00
Sub-total of cash outflows from financing activities 2,918,055,367.00 712,607,421.00
Net cash flows from financing activities 1,560,645,047.00 30,040,093,269.00
IV. Effect of foreign exchange rate changes on cash and cash equivalents 99,793,588.00 -1,226.00
V. Net increase in cash and cash equivalents -6,164,055,478.00 10,902,992,946.00
Add: Opening balance of cash and cash equivalents 8,671,876,589.00 1,702,470,760.00
VI. Closing balance of cash and cash equivalents 2,507,821,111.00 12,605,463,706.00
II. Auditor’s report
Is this report audited?
□ Yes √ No
This report is not audited.
Board Chairman (signature）:
Wang Dongsheng
Date of the approval of this report by the board: 23 October 2015
28
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