BOE Technology Group Co., Ltd. Interim Report 2026 (Summary)
Stock Code: 000725, 200725 Stock Name: BOE-A, BOE-B Announcement No. 2026-073
BOE TECHNOLOGY GROUP CO., LTD.
INTERIM REPORT 2026 (SUMMARY)
Part I Important Notes
This Summary is based on the full Interim Report of BOE Technology Group Co., Ltd. (together with its consolidated subsidiaries,
the “Company”, except where the context otherwise requires). In order for a full understanding of the Company’s operating results,
financial condition and future development plans, investors should carefully read the aforesaid full report, which has been disclosed
together with this Summary on the media designated by the China Securities Regulatory Commission (the “CSRC”).
All the Company’s directors have attended the Board meeting for the review of this Report and its summary.
Independent auditor’s modified opinion:
□ Applicable ? Not applicable
Board-approved interim cash and/or stock dividend plan for ordinary shareholders:
□ Applicable ? Not applicable
The Company has no interim dividend plan, either in the form of cash or stock.
Board-approved interim cash and/or stock dividend plan for preferred shareholders:
□ Applicable ? Not applicable
This Report and its summary have been prepared in both Chinese and English. Should there be any discrepancies or
misunderstandings between the two versions, the Chinese versions shall prevail.
Part II Key Corporate Information
Stock name BOE-A, BOE-B Stock code 000725, 200725
Stock exchange for stock listing Shenzhen Stock Exchange
Changed stock name (if any) N/A
Contact information Board Secretary Securities Representative
Name Guo Hong Luo Wenjie
Office address Economic-Technological Development Economic-Technological Development
Area, P.R.China Area, P.R.China
Tel. 010-60965555 010-60965555
E-mail address guohong@boe.com.cn luowenjie@boe.com.cn
Indicate by tick mark whether there is any retrospectively restated datum in the table below.
BOE Technology Group Co., Ltd. Interim Report 2026 (Summary)
□ Yes ? No
Item H1 2026 H1 2025 Change (%)
Operating revenue (RMB) 103,132,382,859.00 101,278,182,135.00 1.83%
Net profit attributable to the listed
company’s shareholders (RMB)
Net profit attributable to the listed
company’s shareholders before 3,008,251,856.00 2,282,236,531.00 31.81%
exceptional gains and losses (RMB)
Net cash generated from/used in
operating activities (RMB)
Basic earnings per share (RMB/share) 0.14 0.09 55.56%
Diluted earnings per share (RMB/share) 0.14 0.09 55.56%
Weighted average return on equity (%) 3.82% 2.45% 1.37%
Item 30 June 2026 31 December 2025 Change (%)
Total assets (RMB) 439,055,090,769.00 436,378,322,803.00 0.61%
Equity attributable to the listed
company’s shareholders (RMB)
Unit: share
Number of ordinary shareholders at the period-end 1,924,730 (including 1,897,586 A-shareholders and 27,144 B-shareholders)
Top 10 shareholders (exclusive of shares lent in refinancing)
Sharehold Shares in pledge, marked
Nature of ing Restricted or frozen
Name of shareholder Number of shares
shareholder percentag shares
e Status Shares
Beijing State-owned Capital
State-owned legal
Operation and Management 10.97% 4,063,333,333 0 N/A 0
person
Company Limited
Hong Kong Securities Clearing Overseas legal
Company Ltd. person
Beijing BOE Investment & State-owned legal
Development Co., Ltd. person
Beijing Jing Guorui SOE
Reform and Development Fund Other 1.94% 718,132,854 0 N/A 0
(L.P.)
Domestic non-
Fuqing Huirong Venture Capital
state-owned legal 1.45% 538,599,640 0 In pledge 156,000,000
Co., Ltd.
person
Domestic natural
Cai Min 0.79% 293,580,276 0 N/A 0
person
Beijing Electronics Holdings State-owned legal
Co., Ltd. person
Overseas natural
Xu Lili 0.46% 168,656,000 0 N/A 0
person
Yiwu Harmonious Jinhong Domestic non-
Equity Investment Partnership state-owned legal 0.40% 149,287,513 0 N/A 0
(L.P.) person
Shandong Haikong Private State-owned legal
Fund Management Co., Ltd. person
BOE Technology Group Co., Ltd. Interim Report 2026 (Summary)
holds 100% equity interest in Beijing Electronics Holdings Co., Ltd.
subsidiary of Beijing Electronics Holdings Co., Ltd. As of the date of
disclosure of this report, Beijing Electronics Holdings Co., Ltd. has completed
the merger? by? absorption of Beijing BOE Investment & Development Co.,
Ltd. A total of 822,092,180 shares held by Beijing BOE Investment &
Development Co., Ltd. in the Company have been transferred to Beijing
Electronics Holdings Co., Ltd., and Beijing BOE Investment & Development
Co., Ltd. no longer holds any shares in the Company. Upon completion of this
merger? by? absorption, Beijing BOE Investment & Development Co., Ltd.
will be dissolved and deregistered.
State-owned Capital Operation and Management Company Limited entrusted
Holdings Co., Ltd. for management pursuant to the Share Management
Agreement. Beijing Electronics Holdings Co., Ltd. obtained the shareholder
rights attached to such shares, excluding the right of disposal and the right to
Related or acting-in-concert parties among the
income. Pursuant to the Voting Right Exercise Agreement, Beijing State-owned
shareholders above
Capital Operation and Management Company Limited agreed that, when
exercising shareholder voting rights in respect of the remaining 30% of shares
it directly held, its voting shall be aligned with that of Beijing Electronics
Holdings Co., Ltd.
and Development Fund (L.P.) entered into a Concerted Action Agreement with
Beijing Electronics Holdings Co., Ltd.
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.
related party or acting-in-concert party among the top 10 shareholders.
Ping An Securities Co., Ltd. of collateral securities for margin trading. The
shareholding in the margin trading account increased by 185,773,076 shares
during the Reporting Period.
Shareholders involved in securities margin trading (if
CITIC Securities Company Limited of collateral securities for margin trading.
any)
The shareholding in the margin trading account increased by 1,592,000 shares
during the Reporting Period.
Company participated in securities margin trading as at the end of the
Reporting Period.
□ Applicable ? Not applicable
Changes in top 10 shareholders and top 10 unrestricted shareholders due to refinancing shares lending/return compared with the prior
period
□Applicable ? Not applicable
Change of the controlling shareholder in the Reporting Period:
BOE Technology Group Co., Ltd. Interim Report 2026 (Summary)
□ Applicable ? Not applicable
The controlling shareholder remained the same in the Reporting Period.
Change of the actual controller in the Reporting Period:
□ Applicable ? Not applicable
The actual controller remained the same in the Reporting Period.
□ Applicable ? Not applicable
No preferred shareholders in the Reporting Period.
? Applicable □ Not applicable
(1) Bond Profile
Balance
Coupon
Bond name Abbr. Bond code Date of issue Maturity (RMB’0,00
rate
The Public Offering of BOE
Technology Group Co., Ltd. of
Technological Innovation 25BOEK1 524305.SZ 13 June 2025 13 June 2030 200,000 1.94%
Corporate Bonds (First Tranche) in
The Public Offering of BOE
Technology Group Co., Ltd. of
Technological Innovation 25BOEK2 524510.SZ 6 November 2025 6 November 2030 100,000 1.95%
Corporate Bonds (Second Tranche)
in 2025 to Professional Investors
The Public Offering of BOE
Technology Group Co., Ltd. of
Technological Innovation 25BOEK3 524530.SZ 14 November 2025 14 November 2030 100,000 1.95%
Corporate Bonds (Third Tranche)
in 2025 to Professional Investors
The Public Offering of BOE
Technology Group Co., Ltd. of
Technological Innovation 26BOEK1 524641.SZ 23 January 2026 23 January 2031 100,000 2.06%
Corporate Bonds (First Tranche) in
The Public Offering of BOE
Technology Group Co., Ltd. of
Technological Innovation 26BOEK2 524715.SZ 19 March 2026 19 March 2031 100,000 1.97%
Corporate Bonds (Second Tranche)
in 2026 to Professional Investors
The 2025 First Tranche of
Group
Medium-Term Notes
MTN001
(Technological Innovation Notes) 102581768 23 April 2025 24 April 2035 200,000 2.23%
(Technologica
of BOE Technology Group Co.,
l Innovation
Ltd.
Notes)
The 2025 Second Tranche of 25 BOE
Technological Innovation Bonds of Group 102582067 13 May 2025 14 May 2035 100,000 2.23%
BOE Technology Group Co., Ltd. MTN002
BOE Technology Group Co., Ltd. Interim Report 2026 (Summary)
(Technologica
l Innovation
Bonds)
Group
The 2025 Third Tranche of
MTN003
Technological Innovation Bonds of 102582615 24 June 2025 25 June 2028 100,000 1.77%
(Technologica
BOE Technology Group Co., Ltd.
l Innovation
Bonds)
Group
The 2025 Fourth Tranche of
MTN004
Technological Innovation Bonds of 102582852 10 July 2025 11 July 2030 100,000 1.70%
(Technologica
BOE Technology Group Co., Ltd.
l Innovation
Bonds)
Group
The 2025 Fifth Tranche of
MTN005
Technological Innovation Bonds of 102583095 24 July 2025 25 July 2028 100,000 1.70%
(Technologica
BOE Technology Group Co., Ltd.
l Innovation
Bonds)
Group
The 2025 Sixth Tranche of
MTN006
Technological Innovation Bonds of 102583387 8 August 2025 11 August 2028 100,000 1.79%
(Technologica
BOE Technology Group Co., Ltd.
l Innovation
Bonds)
(2) Relevant Financial Information as of the End of the Reporting Period
Item 30 June 2026 31 December 2025
Debt/asset ratio 52.69% 52.46%
Item H1 2026 H1 2025
EBITDA-to-interest cover (times) 15.61 14.45
Part III Significant Events
Registration Approval from the CSRC (Announcement No. 2024-052) on 9 October 2024. The Company received the CSRC
Permit [2024] No. 1330, which agreed to the Company's public offering of corporate bonds with an aggregate nominal value of no
more than RMB10 billion to professional investors.
Bond name Abbr. Bond code Date of issue Maturity
The Public Offering of BOE Technology Group Co.,
Ltd. of Technological Innovation Corporate Bonds 25BOEK1 524305.SZ 13 June 2030
June 2025
(First Tranche) in 2025 to Professional Investors
The Public Offering of BOE Technology Group Co.,
Ltd. of Technological Innovation Corporate Bonds 25BOEK2 524510.SZ 6 November 2030
November 2025
(Second Tranche) in 2025 to Professional Investors
The Public Offering of BOE Technology Group Co.,
Ltd. of Technological Innovation Corporate Bonds 25BOEK3 524530.SZ 14 November 2030
(Third Tranche) in 2025 to Professional Investors
The Public Offering of BOE Technology Group Co., 26BOEK1 524641.SZ 22 January 2026 to 23 23 January 2031
BOE Technology Group Co., Ltd. Interim Report 2026 (Summary)
Ltd. of Technological Innovation Corporate Bonds January 2026
(First Tranche) in 2026 to Professional Investors
The Public Offering of BOE Technology Group Co.,
Ltd. of Technological Innovation Corporate Bonds 26BOEK2 524715.SZ 19 March 2031
March 2026
(Second Tranche) in 2026 to Professional Investors
The Company disclosed the Interest Payment Announcement for "25BOEK1" 2026 (Announcement No.: 2026-057) on 11 June
Proposal on Repurchasing Partial Public Shares of the Company for Equity Incentive Purposes. The Company disclosed the
Announcement on Completion of Share Repurchase Plan and Repurchase Results (Announcement No.: 2026-050) on 30 May
repurchased its own A-shares via centralized bidding through a special securities account for share repurchase. The total number
of A-shares repurchased amounted to 1,005,011,580 shares, representing approximately 2.7647% of the Company’s total A-shares
and approximately 2.7130% of the Company’s total share capital. The highest transaction price in this repurchase was RMB4.33
per share, and the lowest transaction price was RMB4.00 per share. The total amount paid was RMB4,203,359,617.65 (including
commission and other fixed fees). This share repurchase complies with relevant laws and regulations as well as the approved share
repurchase plan.
Proposal on the Repurchase of the Company’s Domestically Listed Foreign Shares (B-Shares). The Company plans to use self-
pooled funds to repurchase part of its public A-shares and domestically listed foreign B-shares, which will be cancelled to reduce
the Company’s registered capital, so as to implement the Three-Year Shareholder Return Plan (2025–2027). The Company
disclosed the Progress Announcement on Share Repurchase (Announcement No.: 2026-069) on 5 August 2026. As at 31 July 2026,
the Company repurchased its A-shares via centralized bidding through a special securities account for share repurchase. The total
number of A-shares repurchased amounted to 85,892,600 shares, representing approximately 0.2363% of the Company’s total A-
shares and approximately 0.2319% of the Company’s total share capital. The highest transaction price was RMB5.94 per share
and the lowest transaction price was RMB5.63 per share. The total amount paid was RMB499,924,820.18 (excluding transaction
fees). As at 31 July 2026, the Company repurchased its B-shares via centralized bidding through a special securities account for
share repurchase. The total number of B-shares repurchased amounted to 85,042,543 shares, representing approximately
transaction price was HKD4.81 per share and the lowest transaction price was HKD4.23 per share. The total amount paid was
HKD393,420,109.27 (excluding transaction fees). This share repurchase complies with relevant laws and regulations as well as the
approved share repurchase plan of the Company.
April 2026. Mr. Tang Shoulian has served as an independent director of the 11th Board of Directors of the Company for nearly six
years. In accordance with the relevant provisions of the Measures for the Administration of Independent Directors of Listed
Companies, he applied to resign from the positions of independent director of the 11th Board of Directors of the Company and
relevant positions in the special committees of the Board of Directors. After his resignation, he will no longer hold any position in
the Company. The resignation application of Mr. Tang Shoulian will take effect after the shareholders' meeting elects a new
independent director. The Company held the 12th Meeting of the 11th Board of Directors on 30 March 2026 and the 2025 Annual
Meeting of Shareholders on 24 April 2026. At the meetings, the Proposal on Electing Mr. Hu Xiaolin as an Independent Director
of the 11th Board of Directors of the Company was reviewed and approved, and Mr. Hu Xiaolin was elected as an independent
director of the 11th Board of Directors of the Company. The Company disclosed the Announcement on Resignation of Director
(Announcement No.: 2026-042) on 30 April 2026. Due to reaching the statutory retirement age, Mr. Ye Feng has applied to resign
from his positions as a Director of the Company and relevant positions on special committees of the Board of Directors. Upon
BOE Technology Group Co., Ltd. Interim Report 2026 (Summary)
resignation, he will no longer hold any positions in the Company and its controlled subsidiaries. The Company disclosed the
Announcement on Resignation of Director (Announcement No. 2026? 071) on 13 August?2026. Due to work? related needs, Mr.
Guo Chuan has applied to resign from his positions as a Director of the Company and relevant positions on special committees of
the Board of Directors. Upon resignation, he will no longer hold any positions in the Company and its controlled subsidiaries. The
Company held the 19th Meeting of the 11th Board of Directors on 27 August?2026, and reviewed and approved the Proposal on
Electing Non? independent Directors of the 11th Board of Directors of the Company. This proposal is still subject to deliberation
by the shareholders’ meeting. Beijing Electronics Holdings Co., Ltd., the actual controller of the Company, nominated Mr. Shi
Xiaodong as a candidate for non? independent Director of the 11th Board of Directors of the Company. Beijing State-owned
Capital Operation and Management Company Limited nominated Ms. Sun Jing as a candidate for non? independent Director of
the 11th Board of Directors of the Company.
No. 2026-059). As the 2025 Final Dividend Plan had been approved at the 2025 Annual General Meeting of Shareholders on 24
April 2026, the Company distributed a 2025 final dividend of RMB0.56 per 10 shares (dividend to B-shareholders paid in HKD
according to the central parity rate of RMB and HKD declared by the People’s Bank of China on the first working day
immediately after the date of the relevant general meeting resolution), with no bonus issue from either profit or capital reserves.
Company (Announcement No.: 2026-068) on 29 July 2026. BEHC, the controlling shareholder and actual controller of the
Company, intends to purchase part of the Company’s tradable A-shares through centralized bidding via the trading system of the
Shenzhen Stock Exchange using its own and self-raised funds. The amount of the share purchase shall be no less than
RMB500,000,000 and no more than RMB1,000,000,000. As at 27 August 2026, BEHC has cumulatively purchased 26,000,000
shares of the Company through centralized bidding via the trading system of the Shenzhen Stock Exchange, accounting for
share purchase complies with relevant laws and regulations as well as the approved share increase plan.
Chairman of the Board (signature): Mr. Chen Yanshun
Date of the Board’s approval of this Report: 27 August 2026
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