京东方B:2025年三季度报告（英文版）

THIRD QUARTERLY REPORT 2025

October 2025BOE Technology Group Co. Ltd. Third Quarterly Report 2025

Stock Code: 000725 Stock Name: BOE-A Announcement No. 2025-076

Stock Code: 200725 Stock Name: BOE-B Announcement No. 2025-076

BOE TECHNOLOGY GROUP CO. LTD.THIRD QUARTERLY REPORT 2025

BOE Technology Group Co. Ltd. (hereinafter referred to as the “Company”) and all the

members of the Company’s Board of Directors hereby guarantee that the contents of this

Report are true accurate and complete and free of any misrepresentations misleading

statements or material omissions.Important Notes:

The Board of Directors (or the “Board”) as well as the directors and senior management of BOE Technology Group

Co. Ltd. (hereinafter referred to as the “Company”) hereby guarantee the factuality accuracy and completeness

of the contents of this Report and shall be jointly and severally liable for any misrepresentations misleading

statements or material omissions therein.All the Company’s directors have attended the Board meeting for the review of this Report.Mr. Chen Yanshun the Company’s legal representative Mr. Feng Qiang Chairman of the Executive Committee

Ms. Yang Xiaoping Chief Financial Officer and Ms. Xu Yaxiao head of the financial department (equivalent to

financial manager) hereby guarantee that the Financial Statements carried in this Report are factual accurate and

complete.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.The financial statements in this Report have not been audited by an independent auditor.

2BOE Technology Group Co. Ltd. Third Quarterly Report 2025

I Key Financial Information

(I) Key Accounting Data and Financial Indicators

Indicate by tick mark whether there is any retrospectively restated datum in the table below.□Yes □ No

YoY change

Item Q3 2025 YoY change (%) Q1-Q3 2025

(%)

Operating revenue (RMB) 53269817390.00 5.81% 154547999525.00 7.53%

Net profit attributable to the listed company’s

1354611315.0032.07%4601497094.0039.03%

shareholders (RMB)

Net profit attributable to the listed company’s

896919685.0029.15%3179156216.0037.75%

shareholders before exceptional items (RMB)

Net cash generated from/used in operating

——36774618263.008.58%

activities (RMB)

Basic earnings per share (RMB/share) 0.04 33.33% 0.12 33.33%

Diluted earnings per share (RMB/share) 0.04 33.33% 0.12 33.33%

Weighted average return on equity (%) 1.04% 0.26% 3.46% 0.93%

Item 30 September 2025 31 December 2024 YoY change (%)

Total assets (RMB) 430745273396.00 429978221541.00 0.18%

Equity attributable to the listed company’s

133789154205.00132937555308.000.64%

shareholders (RMB)

(II) Exceptional Gains and Losses

□ Applicable □ Not applicable

Unit: RMB

Item Q3 2025 Q1-Q3 2025 Note

Gain or loss on disposal of non-current assets (inclusive of

13856426.00 533769595.00 N/A

impairment allowance write-offs)

Government grants recognized in profit or loss (exclusive of those

that are closely related to the Company's normal business operations

and given in accordance with defined criteria and in compliance with 201086162.00 898029294.00 N/A

government policies and have a continuing impact on the Company's

profit or loss)

Gain or loss on fair-value changes in financial assets and liabilities

held by a non-financial enterprise as well as on disposal of financial

117426852.00 205981377.00 N/A

assets and liabilities (exclusive of the effective portion of hedges that

is related to the Company's normal business operations)

Capital occupation charges on non-financial enterprises that are

0.00 0.00 N/A

charged to current gains and losses

Gains and losses on investment or asset management entrustments to

0.00 0.00 N/A

other entities

Gains and losses on loan entrustment 0.00 0.00 N/A

Allowance for asset impairments due to acts of God such as natural

0.00 0.00 N/A

disasters

Reversed portion of impairment allowance for accounts receivable

246347.00 476167.00 N/A

which are tested individually for impairment

Income equal to the amount by which investment costs for the

Company to obtain subsidiaries associates and joint ventures are

242086567.00 242086567.00 N/A

lower than the Company’s enjoyable fair value of identifiable net

assets of investees when making investments

Current gains and losses on subsidiaries acquired through business

mergers under same control from period-beginning to merger dates 0.00 0.00 N/A

net

3BOE Technology Group Co. Ltd. Third Quarterly Report 2025

Gains and losses on non-monetary asset swap 0.00 0.00 N/A

Gains and losses on debt restructuring 0.00 0.00 N/A

One-off costs incurred by the Company as a result of discontinued

0.00 0.00 N/A

operations such as expenses for employee arrangements

One-time effect on profit or loss due to adjustments in tax accounting

0.00 0.00 N/A

and other laws and regulations

One-time share-based payments recognized due to cancellation and

0.00 0.00 N/A

modification of equity incentive plans

Gain or loss on changes in the fair value of employee benefits payable

0.00 0.00 N/A

after the vesting date for cash-settled share-based payments

Gain or loss on fair-value changes in investment property of which

0.00 0.00 N/A

subsequent measurement is carried out using the fair value method

Income from transactions with distinctly unfair prices 0.00 0.00 N/A

Gain or loss on contingencies that are unrelated to the Company's

0.00 0.00 N/A

normal business operations

Income from charges on entrusted management 0.00 0.00 N/A

Non-operating income and expense other than the above 45737965.00 168438827.00 N/A

Other gains and losses that meet the definition of exceptional

0.00 0.00 N/A

gain/loss

Less: Income tax effects 78135274.00 367441311.00 N/A

Non-controlling interests effects (net of tax) 84613415.00 258999638.00 N/A

Total 457691630.00 1422340878.00 --

Other items that meet the definition of exceptional gain/loss:

□Applicable □ Not applicable

No such cases in the Reporting Period.Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item listed in the Explanatory Announcement No.

1 on Information Disclosure for Companies Offering Their Securities to the Public—Exceptional Gain/Loss Items:

□Applicable □ Not applicable

No such cases in the Reporting Period.(III) Major Changes in Financial Statement Items and Explanation of why

□ Applicable □ Not applicable

Major changes in items of the balance sheet and explanation of why:

1. Construction in progress as at 30 September 2025 rose 57% compared to 1 January 2025 primarily driven by the increased

investment in new construction projects during the Reporting Period.

2. Long-term equity investments as at 30 September 2025 rose 32% compared to 1 January 2025 primarily driven by the acquisition

of equity interests in associates during the Reporting Period.

3. Current portion of non-current liabilities as at 30 September 2025 declined 35% compared to 1 January 2025 primarily driven by

the repayment of long-term borrowings due within one year during the Reporting Period.Major changes in items of the income statement and explanation of why:

1. Asset impairment loss declined 51% during Q1-Q3 2025 compared to Q1-Q3 2024 primarily driven by the decreased inventory

valuation allowances that were established according to the lower between the costs and net realizable value.

2. Other income rose 43% during Q1-Q3 2025 compared to Q1-Q3 2024 primarily driven by the increased government grants during

the Reporting Period.

3. Return on investment rose 495% during Q1-Q3 2025 compared to Q1-Q3 2024 primarily driven by the income from the disposal

of long-term equity investments during the Reporting Period.

4BOE Technology Group Co. Ltd. Third Quarterly Report 2025

4. Non-operating income rose 162% during Q1-Q3 2025 compared to Q1-Q3 2024 primarily driven by the acquisition of associates

where the considerations paid were less than the corresponding portions of the fair value of the acquirees’ identifiable equities.

5. Income tax expense rose 85% during Q1-Q3 2025 compared to Q1-Q3 2024 primarily driven by the temporary differences in

assets during the Reporting Period.Major changes in items of the cash flow statement and explanation of why:

1. Net cash generated from operating activities rose 8.58% during Q1-Q3 2025 compared to Q1-Q3 2024 primarily driven by the

increased sales during the Reporting Period.

2. Net cash generated from investing activities declined 37.94% during Q1-Q3 2025 compared to Q1-Q3 2024 primarily driven by

the increased payments for the construction and acquisition of long-lived assets during the Reporting Period.

3. Net cash generated from financing activities declined 31.97% during Q1-Q3 2025 compared to Q1-Q3 2024 primarily driven by

the repayment of perpetual bonds and the repurchase of equities during the Reporting Period.II Shareholder Information

(I) Numbers of Ordinary Shareholders and Preference Shareholders with Resumed Voting Rights as well

as Holdings of Top 10 Shareholders

Unit: share

Number of ordinary shareholders at the period-end 1045898 (including 1016278 A-shareholders and 29620 B-shareholders)

Top 10 shareholders (exclusive of shares lent in refinancing)

Sharehol Shares in pledge marked or

Nature of

ding Total shares Restricted frozen

Name of shareholder sharehold

percenta held shares

er Status Shares

State-

Beijing State-owned Capital Operation and owned

10.86% 4063333333 0 N/A 0

Management Company Limited legal

person

Overseas

Hong Kong Securities Clearing Company

legal 7.23% 2704795565 0 N/A 0

Ltd.person

State-

Beijing BOE Investment & Development owned

2.20% 822092180 0 N/A 0

Co. Ltd. legal

person

Beijing Jing Guorui Soe Reform and

Other 1.92% 718132854 0 N/A 0

Development Fund (L.P.)

State-

owned

Hefei Jianxiang Investment Co. Ltd. 1.78% 666195772 0 N/A 0

legal

person

Industrial and Commercial Bank of China

Co. Ltd.- Huatai-Pinebridge CSI 300 Other 1.67% 626033147 0 N/A 0

Exchange-Traded Fund

Domestic

non-state-

Fuqing Huirong Venture Capital Co. Ltd. owned 1.44% 538599640 0 In pledge 21000000

legal

person

China Construction Bank Co. Ltd.- E

Fund CSI 300 Initiating Exchange-Traded Other 1.21% 451960023 0 N/A 0

Fund

Perseverance Asset Management-

Other 0.94% 352000000 0 N/A 0

Perseverance Xiaofeng No.2 Zhixin Fund

Industrial and Commercial Bank of China Other 0.90% 337271700 0 N/A 0

5BOE Technology Group Co. Ltd. Third Quarterly Report 2025

Co. Ltd.－China CSI 300 Exchange-

Traded Fund

Top 10 unrestricted shareholders (exclusive of shares lent in refinancing and locked shares of executives)

Shares by class

Name of shareholder Unrestricted shares held

Class Shares

Beijing State-owned Capital Operation and RMB ordinary

40633333334063333333

Management Company Limited share

Hong Kong Securities Clearing Company RMB ordinary

27047955652704795565

Ltd. share

Beijing BOE Investment & Development RMB ordinary

822092180822092180

Co. Ltd. share

Beijing Jing Guorui Soe Reform and RMB ordinary

718132854718132854

Development Fund (L.P.) share

RMB ordinary

Hefei Jianxiang Investment Co. Ltd. 666195772 666195772

Industrial and Commercial Bank of China

RMB ordinary

Co. Ltd.- Huatai-Pinebridge CSI 300 626033147 626033147

Exchange-Traded Fund

RMB ordinary

Fuqing Huirong Venture Capital Co. Ltd. 538599640 538599640

China Construction Bank Co. Ltd.- E

RMB ordinary

Fund CSI 300 Initiating Exchange-Traded 451960023 451960023

Fund

Perseverance Asset Management- RMB ordinary

352000000352000000

Perseverance Xiaofeng No.2 Zhixin Fund share

Industrial and Commercial Bank of China

RMB ordinary

Co. Ltd.－China CSI 300 Exchange- 337271700 337271700

Traded Fund

1. Beijing State-owned Capital Operation and Management Company Limited indirectly

held 100% equities of Beijing Jingguorui Investment Management Co. Ltd. and directly

held 77.5918% shares of Beijing Jing Guorui Soe Reform and Development Fund (L.P.);

Beijing Jingguorui Investment Management Co. Ltd. is the general partner of Beijing Jing

Related or acting-in-concert parties among Guorui Soe Reform and Development Fund (L.P.). In addition among the nine members of

the shareholders above 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.

2. Except for the above relationships the Company does not know any other connected party

or acting-in-concert party among the top 10 shareholders.Top 10 shareholders involved in securities

N/A

margin trading (if any)

5% or greater shareholders top 10 shareholders and Top 10 unrestricted shareholders involved in refinancing shares lending

□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

(II) Number of Preference Shareholders and Shareholdings of Top 10 of Them

□Applicable □ Not applicable

III Other Significant Events

□ Applicable □ Not applicable

1. The Company held the 15th Meeting of the 9th Board of Directors and the 2nd Extraordinary General Meeting of 2020 on 27

August 2020 and 17 November 2020 respectively and deliberated and approved the 2020 Stock Option and Restricted Stock Grant

Program in which the Company intends to implement the Equity Incentive Scheme including both the Stock Option Incentive

6BOE Technology Group Co. Ltd. Third Quarterly Report 2025

Scheme and the Restricted Stock Incentive Scheme. Following the approval of the Proposal on the First Grant of Stock Options and

Restricted Shares to Incentive Objects at the 20th Meeting of the 9th Board of Directors and the 8th Meeting of the 9th Supervisory

Committee the Company disclosed the Announcement on Completion of Registration of the First Grant of the 2020 Stock Option

and Restricted Stock Incentive Scheme (Announcement No. 2020-086) on 30 December 2020. Following the approval of the Proposal

on the Awarding of Reserved Stock Options to Incentive Objects at the 31st Meeting of the 9th Board of Directors and the 13th

Meeting of the 9th Supervisory Committee the Company disclosed the Announcement on Completion of Registration of the Reserved

and Granted Stock Option of the 2020 Stock Option and Restricted Stock Incentive Scheme (Announcement No.: 2021-084) on 23

October 2021. The Company disclosed the Announcement on the Achievement of the Exercise Conditions for the Third Exercise

Period of the Stock Options Reserved for Grant under the 2020 Stock Option and Restricted Stock Incentive Plan (Announcement

No. 2025-065) on 28 August 2025. The total number of incentive recipients meeting the conditions for the exercise of options is 73

and the number of stock options exercisable is 7046622 accounting for 0.02% of the Company’s total share capital.

2. Following the approval of the Proposal on the Repurchase of Some Public Shares at the Fourth Meeting of the 11th Board of

Directors and the 2024 Annual General Meeting of Shareholders the Company disclosed the Announcement on the Repurchase of

Some Public Shares (Announcement No. 2025-029) on 22 April 2025 and the Report on the Repurchase of Some Public Shares

(Announcement No. 2025-045) on 10 June 2025. On 11 October 2025 the Company disclosed the Announcement on Progress of the

Repurchase of Some Public Shares (Announcement No. 2025-073). As at 30 September 2025 the Company has implemented the

repurchase of the Company's shares by means of centralized bidding through a special securities account for the repurchase and the

cumulative number of A Shares repurchased was 164662200 accounting for approximately 0.4484% of the Company's A Shares

and 0.4401% of the Company's total share capital with the highest transaction price of RMB4.25 per share and the lowest transaction

price of RMB3.94 per share. The total amount paid was RMB663395137.00 (exclusive of transaction costs). The above repurchase

of the Company was in line with the requirements of relevant laws and regulations as well as the established repurchase program of

the Company.

3. The Company disclosed the Announcement on Resignation of Senior Management (Announcement No. 2025-057) on 10 July

2025. Due to job transfer Mr. Guo Huaping applied for resignation as Senior Vice President and Chief Cultural Officer and will not

hold any position in the Company or any of its majority-owned subsidiaries after his resignation. On 23 September 2025 the Company

disclosed the Announcement on the Election of Employee Director (Announcement No.: 2025-071). The Company's Labor Union

convened a meeting of employee representatives on 22 September 2025 electing Mr. Li Yang as an employee director of the

Company's 11th Board of Directors. On 11 October 2025 the Company disclosed the Announcement on the Resignation of a Director

(Announcement No.: 2025-074). For personal reasons Mr. Gao Wenbao applied to resign from his positions as Director Vice

Chairman of the Board and member of special committees of the Board of Directors. Following his resignation he will no longer

hold any position in the Company or its majority-owned subsidiaries. On 31 October 2025 the Company disclosed the Announcement

on the Election of Non-Independent Directors of the 11th Board of Directors (Announcement No.: 2025-077) and the Announcement

on the Election of Vice Chairman of the 11th Board of Directors (Announcement No.: 2025-078).The Company's Board of Directors

agreed to nominate Ms. Feng Liqiong as a candidate for non-independent director of the Company's 11th Board of Directors with a

term commencing on the date of approval by the Company's Shareholders' Meeting and ending on the expiration of the current Board

of Directors' term. The Company's Board of Directors also elected Mr. Wang Xiping as Vice Chairman of the 11th Board of Directors

with a term commencing on the date of approval by the Board of Directors and ending on the expiration of the current Board of

Directors' term.

7BOE Technology Group Co. Ltd. Third Quarterly Report 2025

IV Quarterly Financial Statements

(I) Financial Statements

1. Consolidated Balance Sheet

Prepared by BOE Technology Group Co. Ltd.

30 September 2025

Unit: RMB

Item 30 September 2025 1 January 2025

Current assets:

Monetary assets 71237608081.00 74252625215.00

Settlement reserve 0.00 0.00

Loans to other banks and financial institutions 0.00 0.00

Held-for-trading financial assets 2364784477.00 3116435963.00

Derivative financial assets 0.00 0.00

Notes receivable 393041202.00 338059783.00

Accounts receivable 34706536909.00 36338199204.00

Receivables financing 459229458.00 472537400.00

Prepayments 706694360.00 634482224.00

Premiums receivable 0.00 0.00

Reinsurance receivables 0.00 0.00

Receivable reinsurance contract reserve 0.00 0.00

Other receivables 653119436.00 812871521.00

Including: Interest receivable 0.00 0.00

Dividends receivable 0.00 55028131.00

Financial assets purchased under resale agreements 0.00 0.00

Inventories 27857623564.00 23313464392.00

Including: Data resource 0.00 0.00

Contract assets 181742886.00 150871486.00

Assets held for sale 0.00 0.00

Current portion of non-current assets 4035444.00 3900201.00

Other current assets 4180217806.00 3954007985.00

Total current assets 142744633623.00 143387455374.00

Non-current assets:

Loans and advances to customers 0.00 0.00

Debt investments 0.00 0.00

Other debt investments 0.00 0.00

Long-term receivables 0.00 492067.00

Long-term equity investments 17882079406.00 13533271302.00

Investments in other equity instruments 490950852.00 441371815.00

Other non-current financial assets 2805301220.00 2735680042.00

Investment property 2170819693.00 1751189740.00

Fixed assets 188831362910.00 204904419511.00

Construction in progress 47320287651.00 30159016097.00

Productive living assets 0.00 0.00

Oil and gas assets 0.00 0.00

Right-of-use assets 670496200.00 754408280.00

Intangible assets 10834591116.00 11263463194.00

Including: Data resource 0.00 0.00

Development costs 99438926.00 109323354.00

Including: Data resource 0.00 0.00

Goodwill 653575022.00 653575022.00

Long-term prepaid expense 589609479.00 598444923.00

8BOE Technology Group Co. Ltd. Third Quarterly Report 2025

Deferred income tax assets 780849057.00 694888275.00

Other non-current assets 14871278241.00 18991222545.00

Total non-current assets 288000639773.00 286590766167.00

Total assets 430745273396.00 429978221541.00

Current liabilities:

Short-term borrowings 2132262114.00 1563317166.00

Borrowings from the central bank 0.00 0.00

Loans from other banks and financial institutions 0.00 0.00

Held-for-trading financial liabilities 0.00 0.00

Derivative financial liabilities 0.00 0.00

Notes payable 1587246373.00 1399557969.00

Accounts payable 37203054035.00 36713498406.00

Advances from customers 82925389.00 118971193.00

Contract liabilities 1843359526.00 2083836158.00

Financial assets sold under repurchase agreements 0.00 0.00

Customer deposits and deposits from other banks and financial

0.000.00

institutions

Payables for acting trading of securities 0.00 0.00

Payables for underwriting of securities 0.00 0.00

Employee benefits payable 4434365097.00 4076008388.00

Taxes and levies payable 1059435328.00 1576606596.00

Other payables 18586796412.00 20827962570.00

Including: Interest payable 0.00 0.00

Dividends payable 32287134.00 42861753.00

Fees and commissions payable 0.00 0.00

Reinsurance payables 0.00 0.00

Liabilities directly associated with assets held for sale 0.00 0.00

Current portion of non-current liabilities 28110399855.00 43506539611.00

Other current liabilities 4349193260.00 3394971140.00

Total current liabilities 99389037389.00 115261269197.00

Non-current liabilities:

Insurance contract reserve 0.00 0.00

Long-term borrowings 103662394996.00 100932391740.00

Bonds payable 9027097718.00 0.00

Including: Preference shares 0.00 0.00

Perpetual bonds 0.00 0.00

Lease liabilities 616558932.00 631418986.00

Long-term payables 113995856.00 121077871.00

Long-term employee benefits payable 0.00 0.00

Provisions 0.00 1652566.00

Deferred income 7066075654.00 4544617931.00

Deferred income tax liabilities 1430432697.00 1290798747.00

Other non-current liabilities 4517346955.00 2648822759.00

Total non-current liabilities 126433902808.00 110170780600.00

Total liabilities 225822940197.00 225432049797.00

Owners’ equity:

Share capital 37413880464.00 37645016203.00

Other equity instruments 0.00 2043402946.00

Including: Preference shares 0.00 0.00

Perpetual bonds 0.00 2043402946.00

Capital reserves 51713010035.00 52207573706.00

Less: Treasury stock 663394957.00 1216490683.00

Other comprehensive income -886875479.00 -1171823864.00

Specific reserve 206999544.00 139227664.00

Surplus reserves 3879754479.00 3879754479.00

General reserve 0.00 0.00

9BOE Technology Group Co. Ltd. Third Quarterly Report 2025

Retained earnings 42125780119.00 39410894857.00

Total equity attributable to owners of the parent company 133789154205.00 132937555308.00

Non-controlling interests 71133178994.00 71608616436.00

Total owners’ equity 204922333199.00 204546171744.00

Total liabilities and owners’ equity 430745273396.00 429978221541.00

Legal representative: Chen Yanshun Chairman of the Executive Committee: Feng Qiang

Chief Financial Officer: Yang Xiaoping Head of the Company’s Financial Department: Xu Yaxiao

2. Consolidated Income Statement for Q1~Q3

Unit: RMB

Item Q1~Q3 2025 Q1~Q3 2024

1. Revenues 154547999525.00 143731526962.00

Including: Operating revenue 154547999525.00 143731526962.00

Interest revenue 0.00 0.00

Insurance premium income 0.00 0.00

Fee and commission income 0.00 0.00

2. Costs and expenses 149931981909.00 138602226180.00

Including: Cost of sales 132266891686.00 121906881890.00

Interest costs 0.00 0.00

Fee and commission expense 0.00 0.00

Surrenders 0.00 0.00

Net insurance claims paid 0.00 0.00

Net amount provided as insurance contract reserve 0.00 0.00

Expenditure on policy dividends 0.00 0.00

Reinsurance premium expense 0.00 0.00

Taxes and levies 1076171073.00 948343350.00

Selling expense 1367912773.00 1400595911.00

Administrative expense 4426439285.00 4279365236.00

R&D expense 9560125776.00 8823894392.00

Finance costs 1234441316.00 1243145401.00

Including: Interest costs 2488576089.00 3037656516.00

Interest revenue 1398667769.00 1757214611.00

Add: Other income 2121443629.00 1486572111.00

Return on investment (“-” for loss) 584572416.00 -147989541.00

Including: Share of profit or loss of joint ventures and

-8866758.00-297377764.00

associates

Income from the derecognition of financial

0.000.00

assets at amortized cost (“-” for loss)

Exchange gain (“-” for loss) 0.00 0.00

Net gain on exposure hedges (“-” for loss) 0.00 0.00

Gain on changes in fair value (“-” for loss) 156413122.00 64434231.00

Credit impairment loss (“-” for loss) -79632190.00 -31082421.00

Asset impairment loss (“-” for loss) -1877779491.00 -3844557105.00

Asset disposal income (“-” for loss) 29660155.00 10809326.00

3. Operating profit (“-” for loss) 5550695257.00 2667487383.00

Add: Non-operating income 434400007.00 165887427.00

Less: Non-operating expense 24429123.00 55832151.00

4. Gross profit (“-” for loss) 5960666141.00 2777542659.00

Less: Income tax expense 1555987842.00 840256816.00

5. Net profit (“-” for net loss) 4404678299.00 1937285843.00

5.1 By operating continuity

5.1.1 Net profit from continuing operations (“-” for net loss) 4404678299.00 1937285843.00

5.1.2 Net profit from discontinued operations (“-” for net

0.000.00

loss)

10BOE Technology Group Co. Ltd. Third Quarterly Report 2025

5.2 By ownership

5.2.1 Net profit attributable to owners of the parent company

(“ ” 4601497094.00 3309765650.00 - for net loss)

5.2.2 Net profit attributable to non-controlling interests (“-”

-196818795.00-1372479807.00

for net loss)

6. Other comprehensive income net of tax 288314427.00 63130099.00

Attributable to owners of the parent company 284948385.00 67824592.00

6.1 Items that will not be reclassified to profit or loss 70483603.00 41258125.00

6.1.1 Changes caused by remeasurements on defined

0.000.00

benefit schemes

6.1.2 Other comprehensive income that will not be

22548650.006186990.00

reclassified to profit or loss under the equity method

6.1.3 Changes in the fair value of investments in other

47934953.0035071135.00

equity instruments

6.1.4 Changes in the fair value arising from changes in

0.000.00

own credit risk

6.1.5 Other 0.00 0.00

6.2 Items that will be reclassified to profit or loss 214464782.00 26566467.00

6.2.1 Other comprehensive income that will be

30244269.000.00

reclassified to profit or loss under the equity method

6.2.2 Changes in the fair value of other debt investments 0.00 0.00

6.2.3 Other comprehensive income arising from the

0.000.00

reclassification of financial assets

6.2.4 Credit impairment allowance for other debt

0.000.00

investments

6.2.5 Reserve for cash flow hedges 0.00 0.00

6.2.6 Differences arising from the translation of foreign

184220513.0026566467.00

currency-denominated financial statements

6.2.7 Other 0.00 0.00

Attributable to non-controlling interests 3366042.00 -4694493.00

7. Total comprehensive income 4692992726.00 2000415942.00

7.1 Attributable to owners of the parent company 4886445479.00 3377590242.00

7.2 Attributable to non-controlling interests -193452753.00 -1377174300.00

8. Earnings per share

8.1 Basic earnings per share 0.12 0.09

8.2 Diluted earnings per share 0.12 0.09

Where business combinations under common control occurred in the current period the net profit achieved by the acquirees before

the combinations was RMB0.00 with the amount for the same period of last year being RMB0.00.Legal representative: Chen Yanshun Chairman of the Executive Committee: Feng Qiang

Chief Financial Officer: Yang Xiaoping Head of the Company’s Financial Department: Xu Yaxiao

3. Consolidated Cash Flow Statement for Q1~Q3

Unit: RMB

Item Q1~Q3 2025 Q1~Q3 2024

1. Cash flows from operating activities:

Proceeds from sale of commodities and rendering of services 162913530442.00 157029796628.00

Net increase in customer deposits and deposits from other banks

0.000.00

and financial institutions

Net increase in borrowings from the central bank 0.00 0.00

Net increase in loans from other financial institutions 0.00 0.00

Premiums received on original insurance contracts 0.00 0.00

Net proceeds from reinsurance 0.00 0.00

Net increase in deposits and investments of policy holders 0.00 0.00

Interest fees and commissions received 0.00 0.00

Net increase in loans from other banks and financial institutions 0.00 0.00

Net increase in proceeds from repurchase transactions 0.00 0.00

Net proceeds from acting trading of securities 0.00 0.00

11BOE Technology Group Co. Ltd. Third Quarterly Report 2025

Tax and levy rebates 8278853221.00 7412260417.00

Cash generated from other operating activities 6686338067.00 2460372219.00

Subtotal of cash generated from operating activities 177878721730.00 166902429264.00

Payments for commodities and services 116323701695.00 108325875778.00

Net increase in loans and advances to customers 0.00 0.00

Net increase in deposits in the central bank and other banks and

0.000.00

financial institutions

Payments for claims on original insurance contracts 0.00 0.00

Net increase in loans to other banks and financial institutions 0.00 0.00

Interest fees and commissions paid 0.00 0.00

Policy dividends paid 0.00 0.00

Cash paid to and for employees 16430825707.00 14671663429.00

Taxes and levies paid 4602965436.00 4141702815.00

Cash used in other operating activities 3746610629.00 5893935162.00

Subtotal of cash used in operating activities 141104103467.00 133033177184.00

Net cash generated from/used in operating activities 36774618263.00 33869252080.00

2. Cash flows from investing activities:

Proceeds from disinvestment 31918245508.00 29124904292.00

Return on investment 1026331233.00 598537867.00

Net proceeds from the disposal of fixed assets intangible assets

17924335.0094270981.00

and other long-lived assets

Net proceeds from the disposal of subsidiaries and other

0.000.00

business units

Cash generated from other investing activities 194395484.00 2086355404.00

Subtotal of cash generated from investing activities 33156896560.00 31904068544.00

Payments for the acquisition of fixed assets intangible assets

30031729690.0023528299873.00

and other long-lived assets

Payments for investments 34570099884.00 31323487421.00

Net increase in pledged loans granted 0.00 0.00

Net payments for the acquisition of subsidiaries and other

0.000.00

business units

Cash used in other investing activities 228735845.00 13576187.00

Subtotal of cash used in investing activities 64830565419.00 54865363481.00

Net cash generated from/used in investing activities -31673668859.00 -22961294937.00

3. Cash flows from financing activities:

Capital contributions received 5061118800.00 2663757000.00

Including: Capital contributions by non-controlling interests

5061118800.002663757000.00

to subsidiaries

Borrowings received 44103248864.00 28296631553.00

Cash generated from other financing activities 205925191.00 32859119.00

Subtotal of cash generated from financing activities 49370292855.00 30993247672.00

Repayment of borrowings 46775467838.00 33303275960.00

Interest and dividends paid 5154710034.00 5420980532.00

Including: Dividends paid by subsidiaries to non-controlling

76213256.0027452890.00

interests

Cash used in other financing activities 8284714451.00 486625574.00

Subtotal of cash used in financing activities 60214892323.00 39210882066.00

Net cash generated from/used in financing activities -10844599468.00 -8217634394.00

4. Effect of foreign exchange rates changes on cash and cash

-158362448.00-92500888.00

equivalents

5. Net increase in cash and cash equivalents -5902012512.00 2597821861.00

Add: Cash and cash equivalents beginning of the period 62005252511.00 52092981748.00

6. Cash and cash equivalents end of the period 56103239999.00 54690803609.00

(II) Adjustments to Financial Statement Items at the Beginning of the Year of the First Implementation of

the New Accounting Standards Implemented since 2025

□ Applicable □ Not applicable

12BOE Technology Group Co. Ltd. Third Quarterly Report 2025

(III) Independent Auditor’s Report

Indicate by tick mark whether the financial statements above have been audited by an independent auditor.□Yes □ No

These financial statements have not been audited by such an auditor.The Board of Directors

BOE Technology Group Co. Ltd.

30 October 2025

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