The Abstract of the 2015 Annual Report of BOE Technology Group Co., Ltd.
Stock Code: 200725 Stock abbreviation.: BOE B Announcement No.: 2016-041
BOE Technology Group Co., Ltd.
The Abstract of the 2015 Annual Report
I Important information
This Abstract is based on the full text of the Annual Report. In order for a full understanding of the operating results, financial
condition and future development planning of the Company, investors are kindly reminded to read the full text carefully on the media
designated by the China Securities Regulatory Commission (the “CSRC”).
The Board of Directors, Supervisory Committee, directors, supervisors and senior management of BOE Technology Group Co., Ltd.
(hereinafter referred to as the “Company”) hereby guarantee that the information presented in this Report is factual, accurate and
complete, and shall be jointly and severally liable for any false information, misleading statements or material omissions carried in
this Report.
Mr. Wang Dongsheng, Chairman of the Board, Mr. Chen Yanshun, President of the Company, 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 carried in
this Report is factual, accurate and complete.
All directors attended the board meeting for the review of this Report.
The Board has considered and approved the following preliminary plan for profit distribution: Based on the total shares of
35,153,067,743, a cash dividend of RMB0.1 (tax inclusive) per 10 shares will be distributed to all the shareholders of the Company.
No bonus shares will be granted and no capital reserves will be converted into share capital.
This Report has been prepared in compliance with the Chinese “Accounting Standards for Business Enterprises” and other relevant
regulations. KPMG Huazhen LLP has issued a standard auditor’s report with unqualified opinion for the Company.
This Report has been prepared in both Chinese and English. Should there be any discrepancies or misunderstandings between the two
versions, the Chinese version shall prevail.
Corporate profile
Stock abbr. BOE A, BOE B Stock code 000725, 200725
Stock exchange Shenzhen Stock Exchange
Contact information Company Secretary Representative for Securities Affairs
Name Liu Hongfeng -
12 Xihuan Middle Road, Beijing
Office address Economic-Technological Development Area, -
P.R.China
Fax 010－64366264 -
Tel. 010－64318888 ext. -
E-mail liuhongfeng@boe.com.cn -
II Brief introduction to the main business or products in the Reporting Period
BOE Technology Group Co., Ltd. (BOE) was established in April 1993. Its core business includes display devices, intelligent
systems and health services.
1. Display devices
As a leader in the innovation and development of semi-conductor display, as well as a pursuer for light & thin, energy-saving and
green display devices with accurate colors, sharp images and wide views, the Company is engaged in development, production and
marketing of display products such as TFT-LCD and AMOLED. Currently, it mainly provides display screens for mobile phones,
tablet PCs, laptops, displayers, TVs, vehicles, wearable devices, industrial control, medical care, splicers, educational equipment, etc.
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The Abstract of the 2015 Annual Report of BOE Technology Group Co., Ltd.
2. Intelligent systems
Following the main line of “the Internet of Things and artificial intelligence”, the Company is building a cloud platform, as well as
five business sub-divisions, namely the Internet of Things for intelligent manufacturing, the Internet of Things for energy, the vehicle
and display network, intelligent display systems and mobile health products. At present, it mainly provides Internet of Things
solutions for mobile health products, optoelectronics, the vehicle and display network, intelligent finance, intelligent display, etc., as
well as the most competitive ODM, OEM and intelligent manufacturing services of complete machines, backlight units, etc. for its
global partners.
3. Health services
With “information medicine and big data” as the basic features, the Company is building three business sub-divisions (the O2O
medical system, cell engineering and big data industrial parks) to provide efficient and quality intelligent health services. Currently, it
mainly provides medical care and specialized park solutions.
III Accounting and financial results
1. Accounting and financial results for the past three years
Whether the Company performed a retroactive adjustment to or restatement of accounting data due to changes of accounting policies
or correction of accounting errors
□ Yes √ No
Unit: RMB
Increase/decrease in
Item 2015 2014 the current year 2013
from last year (%)
Operating revenues 48,623,732,312.00 36,816,316,676.00 32.07% 33,774,285,620.00
Net profit attributable to shareholders
1,636,270,488.00 2,562,128,829.00 -36.14% 2,353,365,694.00
of the Company
Net profit attributable to shareholders
of the Company after exceptional 613,814,833.00 1,827,866,642.00 -66.42% 1,713,985,503.00
profit and loss
Net operating cash flow 10,493,385,445.00 8,095,825,923.00 29.61% 8,956,439,250.00
Basic EPS (RMB/share) 0.046 0.087 -47.13% 0.174
Diluted EPS (RMB/share) 0.046 0.087 -47.13% 0.174
Weighted average ROE (%) 2.13% 4.29% -2.16% 8.70%
Increase/decrease at
the current year-end
Item 31 December 2015 31 December 2014 31 December 2013
from the last
year-end (%)
Total assets 152,592,894,442.00 136,240,283,477.00 12.00% 92,538,451,492.00
Net assets attributable to shareholders
77,485,275,564.00 76,155,071,579.00 1.75% 28,251,815,361.00
of the Company
Note: The year 2015 saw violent fluctuations in the forex market, with the RMB down 6% against the US dollar. In particular, the
RMB depreciated over 4.6% altogether against the US dollar for a row of three days after the People’s Bank of China unveiled The
Announcement on Improvements to Quotation of RMB Central Parity Against US Dollar on 11 August 2015. That caused an
exchange loss of approximately RMB815 million to the Company for 2015. With the said exchange loss excluded, the net profit
attributable to shareholders of the Company was about RMB2.443 billion for 2015.
2. Financial results by quarter
Unit: RMB
Item 1Q 2Q 3Q 4Q
Operating revenues 11,582,854,379.00 11,387,993,733.00 13,449,597,930.00 12,203,286,270.00
Net profit attributable to
978,140,971.00 973,029,881.00 41,216,719.00 -356,117,083.00
shareholders of the Company
Net profit attributable to 880,748,144.00 695,649,793.00 -168,061,110.00 -794,521,994.00
shareholders of the Company after
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The Abstract of the 2015 Annual Report of BOE Technology Group Co., Ltd.
exceptional profit and loss
Net operating cash flow 2,302,553,649.00 3,150,837,839.00 2,380,219,615.00 2,659,774,342.00
Any material differences between the financial indicators above or their summations and those which have been disclosed in
quarterly or semi-annual reports?
□ Yes √ No
IV Share capital and shareholders
1. Numbers of common shareholders and preference shareholders with resumed voting rights as well as the
shareholdings of top ten shareholders
Unit: share
Total number of
Total number of
1,408,570 (including 1,361,095 common shareholders at 1,455,885 (including 1,408,069 A-share hol
common ders and 47,816 B-share holders)
A-share holders and 47,475 B-share the prior month-end
shareholders at the
holders) before the disclosure of
period-end
this Report
Shareholdings of top ten shareholders
Number of Pledged or frozen shares
Nature of Shareholding Total shares held at
Name of shareholder restricted shares Status of Number of
shareholder percentage period-end
held shares shares
Beijing State-owned
State-owned
Capital Operation and 11.56% 4,063,333,333 4,063,333,333
Corporation
Management Center
Chongqing Ezcapital
Opto-electronics State-owned
8.53% 3,000,000,000 3,000,000,000 Pledged 955,000,000
Industry Investment Corporation
Co., Ltd.
Hefei Jianxiang State-owned
8.13% 2,857,142,857 2,857,142,857
Investment Co., Ltd. Corporation
Hua An
Fund-ICBC-Zhongrong
International
Other 4.45% 1,564,126,904 0
Trust-Zhongrong-Assem
bled Funds Trust Plan of
Rongjing No. 1
China Securities
Other 2.99% 1,051,078,931 0
Finance Corp.
Beijing BOE Investment
State-owned
& Development Co., 2.34% 822,092,180 0
Corporation
Ltd.
Beijing
Economic-Technologica State-owned
1.93% 677,423,641 0
l Investment & Corporation
Development Corp.
Hefei Rongke Project State-owned
1.92% 675,026,803 675,026,803
Investment Co., Ltd. Corporation
Beijing BDA
Technological
Other 1.60% 564,000,000 0
Investment
Development Co., Ltd.
Beijing Electronics On behalf of
0.78% 273,735,583 0
Holdings Co., Ltd. the State
1. Beijing State-owned Capital Operation and Management Center held 100% equities of
Related or acting-in-concert parties Beijing Electronics Holdings Co., Ltd.
among shareholders above 2. Beijing Electronics Holdings Co., Ltd. held 66.25% equities of Beijing BOE Investment
& Development Co., Ltd. and was its controlling shareholder.
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The Abstract of the 2015 Annual Report of BOE Technology Group Co., Ltd.
3. Beijing Economic-technological Investment & Development Corp held 49% equities of
Beijing BDA Technological Investment Development Co., Ltd., and the above two
companies were both controlled by Beijing Economic and Technological Development
Zone Management Committee as well as were persons acting in concert.
4. After the non-public issuing of BOE in 2014, Hefei Jianxiang Investment Co., Ltd. and
Chongqing Capital Photoelectricity 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.
5. After the non-public issuing of the Company in 2014, Beijing State-owned Capital
Operation and Management Center 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.
6. 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.
Shareholders conducting securities
No such shareholders
margin trading
2. Number of preference shareholders and shareholdings of top ten of them
□ Applicable √ Not applicable
No preference shareholders in the Reporting Period
3. Relationship between the Company and its actual controller in the form of diagram
State-owned Assets Supervision & Administration Wang Dongsheng 20%, Jiang Yukun 10%, Liang Xinqing 10%, Zhao Caiyong
Commission of Beijing People’s Government 6.667%, Shi Dong 6.667%, Chen Yanshun 6.667%, Song Ying 6.667%, Han
Guojian 6.667%, Gong Xiaoqing 3.333%, Wang Yanjun 3.333%, Wang Jiaheng
3.333%, Liu Xiaodong 3.333%, Ren Jianchang 1.667%, Sun Jiping 1.667%,
100%
Zhang Peng 1.667%, Wang Ai’zhen 1.667%, Mu Chengyuan 1.667%, Xu Yan
1.667%, Hua Yulun 1.667%, Zhong Huifeng 1.667%
Beijing State-owned Capital Management
Administrative Center
100%
100%
Beijing Intelligent Kechuang Technology Development Co., Ltd.
Beijing Electronics Holdings Co., Ltd.
33.75%
66.25%
Beijing BOE Investment & Development Co., Ltd.
0.78% 2.34%
11.56%
BOE Technology Group Co., Ltd.
Notes: 1: The Company regards Beijing Intelligent Kechuang Technology Development Co., Ltd. as a platform to implement equity
incentive for the whole core technology manager, the aforesaid 20 subscribers are nominal shareholders, each investment proportion
is not actual equity proportion, the equities of Beijing Intelligent Kechuang Technology Development Co., Ltd. are held in common
by all implemented objectives of simulate plan of equity incentive mechanism.
2: 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
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The Abstract of the 2015 Annual Report of BOE Technology Group Co., Ltd.
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.
V Management discussion and analysis
1. Business review for the Reporting Period
(1) Overview
2015 marked the closing year for China’s 12th Five-Year Plan for Economic and Social Development, as well as an important year
for the Company because it made a strategic breakthrough in its business transformation in the year. In face of the most complicated
and severe situation ever since the 2008 Financial Crisis, the global economy was in a slow and imbalanced recovery in 2015 under
great downward pressure. The RMB depreciated over 4.6% altogether against the US dollar for a row of three days following the
exchange reform on 11 August 2015. Despite a book exchange loss of approximately RMB815 million caused by violent fluctuations
of the exchange rate, the Company still managed to achieve net profit attributable to its shareholders of RMB1.636 billion for 2015.
The new products launched by the Company in 2015 were the world’s first such kinds, making the Company a leader in this respect.
Meanwhile, the Company pushed forward its Main Supplier Program and marketing strategy of “Defence and Attack”, which helped
enlarge its shares in market segments worldwide. It also applied for 6,156 new patents throughout the year, with its total valid patents
exceeding 40,000. In the meantime, the Company paid close attention to new developments of the semi-conductor display technology,
as well as made significant plans for and investments in new display technology and intelligent manufacturing, intelligent systems,
health services, etc.
Details about the situations of the Company’s business divisions are given as follows:
A. Display device division
As for display device products, the share in market segments continued to grow up. The Company made development in market
expansion and strategic client cooperation in new application areas, such as vehicle-mounted, apparel, industrial control, health care,
splicing, and education. The globally first-published products were rapidly launched. Sales ratio of products with touch modules,
high resolution, and new applications rose. As for the production lines, potentials were developed, and bottleneck procedures were
optimized. The input on Beijing 8.5G TFT-LCD production line, Hefei 8.5G TFT-LCD production line baseplates marked
record-high. The Chongqing 8.5G TFT-LCD production line was fast promoted for capacity climbing. The development and mass
production of new techniques, new technologies, and new product development speeded up. Diversities of touch module products
were put into mass production. The vehicle-mounted products were in steady supply. The smart manufacturing projects were
promoted as planned. While focusing on product and technology routine map, in the past year, the Company accomplished 254
product development projects, 94 technology R&D projects, introduced dualized and domestic key materials/equipment, and
promoted lower product cost. The Company practiced the strategy of “getting victory from quality and speed”, applied quality
management idea of “prevention over inspection”, and promoted the progress of product and service quality. The Company put
CLCA management system in full swing, made effective operation of the yield-rate index warning system, kept monitoring in
real-time to ensure quality, and thoroughly promoted six sigma technology.
B. Smart system division
Own-brand: BOE Alta TV product went into the market and won 2 international awards. The 110-inch 4k product and smart pay
band products realized mass production. The Company set up smart commercial platform, formed a commercial mode of “offline
experience and online sales”. As for commercial products, the Company focused on domestic key branches, expanded overseas
market, and realized overseas supply of high-end products. Optoelectronic energy business: The Company promoted the
development and practiced internal and external PV EPC project, and thus created revenue and profit growth. The ambient lighting
projects for super market were stably carried forward, so that diversified sales can be realized. Complete machine OEM: the
Company perfected client orientation and market incentive mechanism, and obtained remarkable results in strategic client
development and the 1st supplier planning, reached a breakthrough in 1 million monthly shipment, and over fulfilled business targets.
Backlight units: transformation of modular and newly applied products made progress. The Company expanded domestic market,
and became the backlight supplier for plenty of brand mobile phone companies.
C. Health service division
The Company formulated development targets and strategic plans for future 5 years, cleared and defined the execution routines and
action plans of its strategies, and made breakthrough in startup projects. Health medical treatment: The Company finished its
acquisition for Beijing Mingde Hospital, helped the hospital clear up hospital management process standards and organization
mechanism, enlarged the market, strengthened department strength, enhanced team building, implemented refine management,
promoted operation improvement. The Company signed Hefei digital integrated hospital project cooperation agreement with Dignity
Health, preliminarily accomplished project planning and feasibility demonstration, researched on and discussed about project
construction and operation management plans. The Company signed strategic cooperation agreement with IBM, launched cognition
calculation project, and set up a big-data platform for health management. Professional park: Brand promotion in the park, as well as
customer service got better. Customer satisfaction has been continuously improved. The pay-back from cash flows was stable.
Supporting park projects for Hefei digital integrated hospital made well progress.
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The Abstract of the 2015 Annual Report of BOE Technology Group Co., Ltd.
(2) Assets and liabilities
A. Significant changes in the asset composition
Unit: RMB
31 December 2015 31 December 2014 Chang
As a As a e in
Item percentage percentage percen Reason for any significant change
Amount Amount tage
of total of total
assets (%) assets (%) (%)
-4.02
Monetary funds 38,866,861,836.00 25.47% 40,172,401,999.00 29.49% No significant changes
%
Accounts
8,192,514,361.00 5.37% 6,615,762,122.00 4.86% 0.51% No significant changes
receivable
New production lines went into mass
Inventories 6,609,406,228.00 4.33% 4,163,304,029.00 3.06% 1.27% production and the Company stocked
up for strategic customers.
Investment -0.12
1,227,099,427.00 0.80% 1,251,820,763.00 0.92% No significant changes
properties %
Long-term equity
1,260,302,959.00 0.83% 638,819,435.00 0.47% 0.36% New such investments made
investments
Fixed assets 63,565,099,405.00 41.66% 49,398,396,189.00 36.26% 5.40% No significant changes
Construction in -3.83
18,645,461,692.00 12.22% 21,868,641,210.00 16.05% No significant changes
progress %
Short-term
5,091,974,830.00 3.34% 2,158,988,600.00 1.58% 1.76% Borrowings secured for new projects
borrowings
Long-term -0.87
36,341,198,145.00 23.82% 33,631,104,669.00 24.69% New borrowings for new projects
borrowings %
Prepayments 226,447,504.00 0.15% 150,734,013.00 0.11% 0.04% No significant changes
Other current New wealth management products
8,712,017,517.00 5.71% 6,085,764,454.00 4.47% 1.24%
assets and the increase in overpaid VAT
Available-for-sale New investments and fair value
454,096,246.00 0.30% 323,530,493.00 0.24% 0.06%
financial assets changes
Changes in the scope of the
Goodwill 197,963,688.00 0.13% 51,502,898.00 0.04% 0.09%
consolidated financial statements
Prepayments for equipment and
Other non-current -0.81
347,851,674.00 0.23% 1,420,564,369.00 1.04% decrease in the deferred VAT on
assets %
imported equipment
Notes were adopted in the settlement
Notes payable 343,277,037.00 0.22% 258,737,884.00 0.19% 0.03%
of some procurement transactions.
The amount for material procurement
Accounts payable 9,849,935,031.00 6.46% 6,691,237,683.00 4.91% 1.55% increased as the business scale was
expanded.
Interest payable 348,173,849.00 0.23% 219,407,964.00 0.16% 0.07% Increase in borrowings
Non-current
Long-term borrowings became due
liabilities due 2,283,535,113.00 1.50% 15,000,000.00 0.01% 1.49%
within one year.
within one year
Other non-current
6,170,843,660.00 4.04% 3,866,566,063.00 2.84% 1.20% Increase in convertible bonds
liabilities
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The Abstract of the 2015 Annual Report of BOE Technology Group Co., Ltd.
B. Assets and liabilities measured at fair value
Unit: RMB
Gain/loss on
Cumulative Impairment
fair value Purchased in
fair value provided in Sold in the
changes in the
Item Opening balance changes the Reporting Closing balance
the Reporting
charged to Reporting Period
Reporting Period
equity Period
Period
Financial assets
1. Financial assets
measured at fair value
with fair value changes
included in the gains
0.00 0.00 0.00 0.00 0.00 0.00 0.00
and losses for the
Reporting Period
(excluding derivative
financial assets)
2. Derivative financial
0.00 0.00 0.00 0.00 0.00 0.00 0.00
assets
3. Available-for-sale
266,425,007.00 0.00 39,095,850.00 0.00 0.00 0.00 305,520,857.00
financial assets
Subtotal of financial
266,425,007.00 0.00 39,095,850.00 0.00 0.00 0.00 305,520,857.00
assets
Investment properties 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Productive living assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Others 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total of the above 266,425,007.00 0.00 39,095,850.00 0.00 0.00 0.00 305,520,857.00
Financial liabilities 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(3) Outlook for the future development of the Company
A. Competition in the industry and external economic environment
a. Competition in the industry
Affected by the weak demand and price decline for the traditional bulk products in the display industry, the delivery prices of main
products go down periodically. As such, the worldwide panel manufacturers are taking active measures such as adjusting product
portfolio to get it through. The panel manufacturer, on one hand, continues to expand the scale, on the other hand, is actively laying
out new display technologies including AMOLED in an effort to take advantage of the opportunity for periodical adjustment so as to
improve the overall competitiveness and grab for vantage points to make a rapid break-through.
b. External economic environment
The global economy in 2015 was the most complicated and toughest since the financial crisis in 2008, with heavy downward
pressure, slow and unbalanced recovery. In 2016, China’s economy growth and market stability will be affected by the continuous
severity of external economic environment, transformation and upgrading of China’s economy forced by the competition of global
trade and new technology, weak global demand, unstable financial market and tense geopolitical situation.
B. Future development of the company
Always keeping in mind the innovative spirit, the Company will further strengthen its competitive edge in display devices and boost
the development of intelligent systems and health services, marching towards its strategic objectives of software and hardware
integration, application integration and servicization. For the company, the year 2016 is highly strategic. The company is striving for
opportunities in the periodical adjustment to translate the industrial slump into an opportunity for it to transcend. To reach the
business objectives of the company in 2016, each business group is actively taking countermeasures, among which:
a. Display device division
Follow the “defend and attack” strategy in an effort to secure high yield and best sale; go deep into the customers to explore potential
demand, optimize customer experience, jointly plan new products and convey relevant product information to the product
development department to rapidly fulfill sales generation, increase its share in the segment market and actively expand the emerging
markets such as India, Brazil and Russia; push forward the client identification and sales of new technical products such as touch
module, high resolution, new application, LTPS and OLED, enhance product value to become a leading supplier of new technical
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The Abstract of the 2015 Annual Report of BOE Technology Group Co., Ltd.
high-performance products for brand customers; improve market sensitivity and minimize the effect of market fluctuation on the
company.
Strengthen innovation in process and technology, improve the ability to add value and flexibly responding to the capacity fluctuation
for the production lines to meet the customer requirements to the greatest extent; higher the level of standardization in the production
line, optimize the mechanism for assessing risks existing in new product and technology to secure the maximum efficiency in the
production line; perfect the reserve for key product and technology; speed up the mass production of new technology; strengthen
internal horizontal linkage to realize customer value co-creation and secure product profitability.
On the basis of stable supply in the whole year, drive the introduction of key materials in a binary and local manner, localization of
new projects and reduction in unit consumption of chemical products to improve competitiveness; improve the role of supply chain
in supporting and driving the innovation in product and technology, intensify the introduction of new materials and technologies,
fulfill the introduction of key materials and improve added value of products; perfect the products supporting future display
technologies in the supply chain, explore potential resources, construct supply chain system with technical strength and cost
competitiveness.
Establish quality problem pool on the client end, specially overcome challenges in quality technology and make the quality
management networked, intelligent and efficient; push forward the establishment of standardized management platform, perfect
quality management system for suppliers, strengthen the efforts in external investigation and set up mechanism for quality control;
comprehensively promote the application of Six Sigma and improve the quality awareness of all employees.
b. Smart system division
Original brand: Innovate business modes, intensify promotion efforts to make more consumers familiar with the brand and product
and reach participative and reputation marketing effect; adhere to the principle of customer-oriented, do well in product plan and
development, secure rapid commercialization of new products and create benefits for the enterprise; rapidly absorb and recreate
external resources, translating them into its own abilities to drive the completion of various tasks and make great efforts to get biggest
results from established investment; strengthen team building to create a team of talents meeting the transformation and development
of the enterprise.
PV energy: Push forward the implementation of given products based on the plan, do well in the management and control of
operation risks and ensure the planed business targets are achieved; speed up the development and mass production of new
technology and product, enrich product structure and further consolidate the basic capabilities.
OEM: Deeply explore the potential demand of strategic customers, develop new brand customers, implement the plans for the
first-tier suppliers, do well in lean management, strictly control cost and make efforts to bring the business performance to a new
height; push forward intelligent manufacturing projects according to the plan, do well in investment and operation analysis and
improve the capability for making profits.
Backlight module: Strengthen the efforts in expanding brand customers, increase segment market share and mark great efforts to
realize new breakthrough in business performance; intensify the R&D capability, lose no time in launching new products and rapidly
make them commercialized; follow the strategy for transforming backlight business to modular system and form long-term stable
profitability mode.
c. Healthcare service division
Healthcare: Thoroughly improve the business performance of Oasis International Hospital from such aspects as product, service and
market promotion, perfect systems for developing teams for operation management and medical care and gain operation results as
soon as possible; push forward the construction of the project of “Hefei Digital Comprehensive Hospital”, facilitate the planning and
design of detailed projects, organize and train the team for project operation and management; cooperate with international
consultants in completing the construction of platforms for cognitive computing, drive the landing of new projects and coordinate
with the unit concerned for the design of cooperation mode. Special park: Based on the operation mode for light assets, make good
use of the existing resources and make great efforts to create more profits and cash flow through providing overall solutions and
other services.
2. Significant changes in the main business in the Reporting Period
□ Yes √ No
3. Products contributing over 10% of the main business revenue or profit
√ Applicable □ Not applicable
Unit: RMB
Operating Gross profit
Gross profit Operating profit:
Product Operating revenue Operating profit revenue: YoY margin: YoY
margin YoY +/-%
+/-% +/-%
Display devices 43,501,436,202.00 821,690,387.00 20.06% 33.11% -66.60% -2.07%
Intelligent
8,781,046,730.00 -85,662,243.00 8.67% 41.08% -38.55% -0.01%
systems
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The Abstract of the 2015 Annual Report of BOE Technology Group Co., Ltd.
4. Seasonal or periodic characteristics in the operating performance that need special attention
□ Yes √ No
5. Significant YoY changes in the operating revenues, operating costs and net profit attributable to the
common shareholders or their composition
□ Applicable √ Not applicable
6. Possibility of listing suspension or termination
□ Applicable √ Not applicable
VI Issues related to the financial report
1. YoY changes in accounting policies, accounting estimations and measurement methods
□ Applicable √ Not applicable
No changes.
2. Retroactive restatements due to correction of significant accounting errors in the Reporting Period
□ Applicable √ Not applicable
No such cases.
3. YoY changes in the scope of the consolidated financial statements
√ Applicable □ Not applicable
In August 2015, the Company increased the capital of Fuzhou BOE Optoelectronics Technology Co., Ltd. that held 92.64% equities
of the latter which became the controlling shareholder and included which into the scope of the consolidated financial statements;
In August 2015, the Company subscribed 100% equities of OASIS Investment Co., Ltd. and included the subordinate companies of
which, Beijing Huasheng Kangcheng Hospital Management Co., Ltd. and Beijing OASIS International Hospital Co., Ltd. into the
scope of the consolidated financial statements.
4. Explanation by the Board of Directors and the Supervisory Committee concerning the “auditor’s report
with non-standard opinion” issued by the CPAs firm for the Company in the Reporting Period
□ Applicable √ Not applicable
Chairman of the Board: Mr. Wang Dongsheng (signature)
Date of the Board of Directors approving to report: 22 Apr 2016
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