FIRST QUARTERLY REPORT 2026
April 2026BOE Technology Group Co. Ltd. First Quarterly Report 2026
Stock Code: 000725 Stock Name: BOE-A Announcement No. 2026-040
Stock Code: 200725 Stock Name: BOE-B Announcement No. 2026-040
BOE TECHNOLOGY GROUP CO. LTD.FIRST QUARTERLY REPORT 2026
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 and its summary.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. First Quarterly Report 2026
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
Item Q1 2026 Q1 2025 Change (%)
Operating revenue (RMB) 51001263370.00 50598933939.00 0.80%
Net profit attributable to the listed company’s
1707220076.001613999380.005.78%
shareholders (RMB)
Net profit attributable to the listed company’s
1438134014.001351864713.006.38%
shareholders before exceptional items (RMB)
Net cash generated from/used in operating
12299498803.0013743795736.00-10.51%
activities (RMB)
Basic earnings per share (RMB/share) 0.05 0.04 25.00%
Diluted earnings per share (RMB/share) 0.05 0.04 25.00%
Weighted average return on equity (%) 1.26% 1.21% 0.05%
Item 31 March 2026 31 December 2025 Change (%)
Total assets (RMB) 437705366743.00 436378322803.00 0.30%
Equity attributable to the listed company’s
136096934128.00134478628806.001.20%
shareholders (RMB)
(II) Exceptional Gains and Losses
□ Applicable □ Not applicable
Unit: RMB
Item Q1 2026 Note
Gain or loss on disposal of non-current assets (inclusive of impairment allowance
9394327.00 N/A
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
408295605.00 N/A
defined criteria and in compliance with 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 assets and liabilities
58054534.00 N/A
(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 charged to current
0.00 N/A
gains and losses
Gains and losses on investment or asset management entrustments to other entities 0.00 N/A
Gains and losses on loan entrustment 0.00 N/A
Allowance for asset impairments due to acts of God such as natural disasters 0.00 N/A
Reversed portion of impairment allowance for accounts receivable which are tested
525038.00 N/A
individually for impairment
Income equal to the amount by which investment costs for the Company to obtain
subsidiaries associates and joint ventures are lower than the Company’s enjoyable 0.00 N/A
fair value of identifiable net assets of investees when making investments
Current gains and losses on subsidiaries acquired through business mergers under
0.00 N/A
same control from period-beginning to merger dates net
Gains and losses on non-monetary asset swap 0.00 N/A
Gains and losses on debt restructuring 0.00 N/A
One-off costs incurred by the Company as a result of discontinued operations such
0.00 N/A
as expenses for employee arrangements
3BOE Technology Group Co. Ltd. First Quarterly Report 2026
One-time effect on profit or loss due to adjustments in tax accounting and other laws
0.00 N/A
and regulations
One-time share-based payments recognized due to cancellation and modification of
0.00 N/A
equity incentive plans
Gain or loss on changes in the fair value of employee benefits payable after the
0.00 N/A
vesting date for cash-settled share-based payments
Gain or loss on fair-value changes in investment property of which subsequent
0.00 N/A
measurement is carried out using the fair value method
Income from transactions with distinctly unfair prices 0.00 N/A
Gain or loss on contingencies that are unrelated to the Company's normal business
0.00 N/A
operations
Income from charges on entrusted management 0.00 N/A
Non-operating income and expense other than the above 3028904.00 N/A
Other gains and losses that meet the definition of exceptional gain/loss 0.00 N/A
Less: Income tax effects 18067034.00 N/A
Non-controlling interests effects (net of tax) 192145312.00 N/A
Total 269086062.00 --
Other items that meet the definition of exceptional gain/loss:
□ Applicable □ Not applicable
No such cases in the Reporting Period.Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item listed in the Explanatory Announcement
No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Exceptional Gain/Loss Items:
□ Applicable □ Not applicable
No such cases in the Reporting Period.(III) Changes in Key Financial Statement Line Items and Explanation of why
□ Applicable □ Not applicable
Changes in key line items of the income statement and explanation of why:
1. Finance costs rose 95% year on year primarily driven by changes in interest income and exchange gains and losses.
2. Asset impairment loss declined 79% year on year primarily driven by a reduction in inventory valuation allowances recognized
under the lower-of-cost-or-net-realizable-value method.
3. Other income rose 100% year on year primarily driven by an increase in government grants during the Reporting Period.
4. Income tax expense rose 84% year on year primarily because certain subsidiaries achieved improved profitability
accumulated unutilized losses were fully utilized and income tax was paid during the Reporting Period.Changes in key line items of the cash flow statement and explanation of why:
1. Net cash generated from investing activities declined 46% year on year primarily driven by lower proceeds from
disinvestment during the Reporting Period.
2. Net cash generated from financing activities rose 124% year on year primarily driven by the decreased repayment of
borrowings during the Reporting Period.
3. Net increase in cash and cash equivalents rose 221% year on year primarily driven by the decreased repayment of borrowings
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 1000094 (including 971956 A-shareholders and 28138 B-shareholders)
Top 10 shareholders (exclusive of shares lent in refinancing)
4BOE Technology Group Co. Ltd. First Quarterly Report 2026
Sharehold Shares in pledge marked
Nature of ing Total shares Restricted or frozen
Name of shareholder
shareholder percentag held shares
Status Shares
e
Beijing State-owned Capital
State-owned
Operation and Management Company 10.97% 4063333333 0 N/A 0
legal person
Limited
Hong Kong Securities Clearing Overseas
5.90% 2187370887 0 N/A 0
Company Ltd. legal person
Beijing BOE Investment & State-owned
2.22% 822092180 0 N/A 0
Development Co. Ltd. legal person
Beijing Jing Guorui Soe Reform and
Other 1.94% 718132854 0 N/A 0
Development Fund (L.P.)
Domestic
Fuqing Huirong Venture Capital Co. non-state-
1.45% 538599640 0 In pledge 21000000
Ltd. owned legal
person
Perseverance Asset Management-
Perseverance Xiaofeng No.2 Zhixin Other 0.91% 337000000 0 N/A 0
Fund
China Foreign Economy and Trade
Trust Co. Ltd.-FOTIC-Perseverance
Other 0.83% 306988907 0 N/A 0
Xiaofeng Hongyuan Collective Funds
Trust Plan
Abu Dhabi Investment Authority— Foreign
0.82% 302843809 0 N/A 0
Own Funds legal person
Industrial and Commercial Bank of
China Co. Ltd.- Huatai-Pinebridge Other 0.80% 295514647 0 N/A 0
CSI 300 Exchange-Traded Fund
State-owned
Hefei Jianxiang Investment Co. Ltd. 0.79% 292056967 0 N/A 0
legal person
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
RMB ordinary
Hong Kong Securities Clearing Company Ltd. 2187370887 2187370887
share
RMB ordinary
Beijing BOE Investment & Development Co. Ltd. 822092180 822092180
share
Beijing Jing Guorui Soe Reform and Development RMB ordinary
718132854718132854
Fund (L.P.) share
RMB ordinary
Fuqing Huirong Venture Capital Co. Ltd. 538599640 538599640
share
Perseverance Asset Management- Perseverance RMB ordinary
337000000337000000
Xiaofeng No.2 Zhixin Fund share
China Foreign Economy and Trade Trust Co. Ltd.-
RMB ordinary
FOTIC-Perseverance Xiaofeng Hongyuan Collective 306988907 306988907
share
Funds Trust Plan
RMB ordinary
Abu Dhabi Investment Authority—Own Funds 302843809 302843809
share
Industrial and Commercial Bank of China Co. Ltd.- RMB ordinary
295514647295514647
Huatai-Pinebridge CSI 300 Exchange-Traded Fund share
RMB ordinary
Hefei Jianxiang Investment Co. Ltd. 292056967 292056967
share
1. Beijing State-owned Capital Operation and Management Company
Related or acting-in-concert parties among the
Limited indirectly held 100% equities of Beijing Jingguorui Investment
shareholders above Management Co. Ltd. and directly held 77.5918% shares of Beijing Jing
5BOE Technology Group Co. Ltd. First Quarterly Report 2026
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.
2. Except for the above relationships the Company does not know any
other related party or acting-in-concert party among the top 10
shareholders.Top 10 shareholders involved in securities margin
N/A
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 disclosed the Announcement on the Public Offering of Corporate Bonds to Professional Investors Obtaining
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 12 June 2025 to 13
25BOEK1 524305.SZ 13 June 2030
Bonds (First Tranche) in 2025 to Professional June 2025
Investors
The Public Offering of BOE Technology Group
Co. Ltd. of Technological Innovation Corporate 5 November 2025 to 6
25BOEK2 524510.SZ 6 November 2030
Bonds (Second Tranche) in 2025 to Professional November 2025
Investors
The Public Offering of BOE Technology Group
Co. Ltd. of Technological Innovation Corporate 13 November 2025 to
25BOEK3 524530.SZ 14 November 2030
Bonds (Third Tranche) in 2025 to Professional 14 November 2025
Investors
The Public Offering of BOE Technology Group
Co. Ltd. of Technological Innovation Corporate 22 January 2026 to 23
26BOEK1 524641.SZ 23 January 2031
Bonds (First Tranche) in 2026 to Professional January 2026
Investors
The Public Offering of BOE Technology Group
Co. Ltd. of Technological Innovation Corporate 18 March 2026 to 19
26BOEK2 524715.SZ 19 March 2031
Bonds (Second Tranche) in 2026 to Professional March 2026
Investors
2. The Company convened the 12th Meeting of the 11th Board of Directors on 30 March 2026 and the 2025 Annual Meeting of
Shareholders on 24 April 2026. Relevant equity incentive proposals including the Proposal on the 2026 Restricted Share
Incentive Plan (Draft) and Its Summary were reviewed and approved. The Company intends to implement a restricted share
6BOE Technology Group Co. Ltd. First Quarterly Report 2026
incentive plan. The underlying shares shall be RMB ordinary A-shares repurchased by the Company from the secondary market.The total number of restricted shares proposed to be granted to awardees is 1022371000 accounting for approximately 2.76%
of the Company’s total share capital of 37044328064 shares as of the announcement date of the incentive plan draft.
3. The Company convened the 12th Meeting of the 11th Board of Directors on 30 March 2026 and reviewed and approved the
Proposal on Repurchasing Partial Public Shares of the Company for Equity Incentive Purposes. On 10 April 2026 the
Company disclosed the Announcement on the Initial Repurchase of Partial Public Shares of the Company (Announcement No.:
2026-031). On 9 April 2026 the Company implemented the initial share repurchase through a special securities account for
repurchased shares via a centralized bidding method. The number of A-shares repurchased was 20000000 shares accounting
for approximately 0.055% of the Company’s A-share total and approximately 0.054% of the Company’s total share capital. The
highest transaction price for this repurchase was RMB4.03 per share and the lowest transaction price was RMB4.00 per share.The total payment was RMB80262500 (excluding transaction fees). This repurchase complies with the requirements of
relevant laws and regulations as well as the Company’s established repurchase plan.
4. The 12th Meeting of the 11th Board of Directors held on 30 March 2026 and the 2025 Annual Meeting of Shareholders held
on 24 April 2026 reviewed and approved the Proposal on the Repurchase of Part of the Company’s Public Shares (A-Shares)
and the 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).
5. The Company disclosed the Announcement on the Resignation of Independent Director (Announcement No.: 2026-018) on 1
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.IV Quarterly Financial Statements
(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by BOE Technology Group Co. Ltd.
31 March 2026
Unit: RMB
Item 31 March 2026 1 January 2026
Current assets:
Monetary assets 74289472504.00 72222940175.00
Settlement reserve 0.00 0.00
Loans to other banks and financial institutions 0.00 0.00
Held-for-trading financial assets 3205674794.00 1670548730.00
Derivative financial assets 0.00 0.00
Notes receivable 518837182.00 514647075.00
7BOE Technology Group Co. Ltd. First Quarterly Report 2026
Accounts receivable 31800918705.00 32293002623.00
Receivables financing 986789289.00 585672349.00
Prepayments 781957648.00 810701464.00
Premiums receivable 0.00 0.00
Reinsurance receivables 0.00 0.00
Receivable reinsurance contract reserve 0.00 0.00
Other receivables 800948372.00 822793900.00
Including: Interest receivable 0.00 0.00
Dividends receivable 173700509.00 177912109.00
Financial assets purchased under resale agreements 0.00 0.00
Inventories 25523938823.00 27748526136.00
Including: Data resource 0.00 0.00
Contract assets 452704860.00 393081902.00
Assets held for sale 0.00 0.00
Current portion of non-current assets 0.00 4081560.00
Other current assets 4899398661.00 4809821866.00
Total current assets 143260640838.00 141875817780.00
Non-current assets:
Loans and advances to customers 0.00 0.00
Debt investments 0.00 0.00
Other debt investments 0.00 0.00
Long-term receivables 0.00 0.00
Long-term equity investments 18350960019.00 18636209565.00
Investments in other equity instruments 514080142.00 536217192.00
Other non-current financial assets 2877086166.00 2874055003.00
Investment property 2147807701.00 2146616904.00
Fixed assets 180547785984.00 186299299142.00
Construction in progress 57073944215.00 52943124120.00
Productive living assets 0.00 0.00
Oil and gas assets 0.00 0.00
Right-of-use assets 816400642.00 807290109.00
Intangible assets 12546004746.00 12797518195.00
Including: Data resource 0.00 0.00
Development costs 153696662.00 123706247.00
Including: Data resource 0.00 0.00
Goodwill 653575022.00 653575022.00
Long-term prepaid expense 590239916.00 599601573.00
Deferred income tax assets 870009313.00 854033038.00
Other non-current assets 17303135377.00 15231258913.00
Total non-current assets 294444725905.00 294502505023.00
Total assets 437705366743.00 436378322803.00
Current liabilities:
Short-term borrowings 4306681083.00 3655021437.00
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 1531118956.00 1380128604.00
Accounts payable 35843412428.00 37242292283.00
Advances from customers 128342036.00 77763054.00
Contract liabilities 2168849665.00 2223451538.00
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
8BOE Technology Group Co. Ltd. First Quarterly Report 2026
Employee benefits payable 3173494325.00 3584824383.00
Taxes and levies payable 1746784140.00 1319215532.00
Other payables 19643131135.00 20889438382.00
Including: Interest payable 0.00 0.00
Dividends payable 31102866.00 40884271.00
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 27818584360.00 26670312919.00
Other current liabilities 4149176860.00 4349146900.00
Total current liabilities 100509574988.00 101391595032.00
Non-current liabilities:
Insurance contract reserve 0.00 0.00
Long-term borrowings 99329272976.00 101576573473.00
Bonds payable 12964550155.00 10968768052.00
Including: Preference shares 0.00 0.00
Perpetual bonds 0.00 0.00
Lease liabilities 706282692.00 687762666.00
Long-term payables 2231394933.00 2348036273.00
Long-term employee benefits payable 0.00 0.00
Provisions 0.00 0.00
Deferred income 6503064201.00 6798033210.00
Deferred income tax liabilities 1111427211.00 1134894697.00
Other non-current liabilities 3883795701.00 3996902667.00
Total non-current liabilities 126729787869.00 127510971038.00
Total liabilities 227239362857.00 228902566070.00
Owners’ equity:
Share capital 37044328064.00 37413880464.00
Other equity instruments 0.00 0.00
Including: Preference shares 0.00 0.00
Perpetual bonds 0.00 0.00
Capital reserves 50681944202.00 51859961722.00
Less: Treasury stock 0.00 1499835264.00
Other comprehensive income -836539676.00 -766570036.00
Specific reserve 236120031.00 207330489.00
Surplus reserves 4035830324.00 4035830324.00
General reserve 0.00 0.00
Retained earnings 44935251183.00 43228031107.00
Total equity attributable to owners of the Company as the parent 136096934128.00 134478628806.00
Non-controlling interests 74369069758.00 72997127927.00
Total owners’ equity 210466003886.00 207475756733.00
Total liabilities and owners’ equity 437705366743.00 436378322803.00
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
Unit: RMB
Item Q1 2026 Q1 2025
1. Revenues 51001263370.00 50598933939.00
Including: Operating revenue 51001263370.00 50598933939.00
Interest revenue 0.00 0.00
Insurance premium income 0.00 0.00
9BOE Technology Group Co. Ltd. First Quarterly Report 2026
Fee and commission income 0.00 0.00
2. Costs and expenses 49493788650.00 48191222879.00
Including: Cost of sales 43047248265.00 42616968993.00
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 367906734.00 357440761.00
Selling expense 473431321.00 431792621.00
Administrative expense 1511010521.00 1382404928.00
R&D expense 3336929768.00 3014211842.00
Finance costs 757262041.00 388403734.00
Including: Interest costs 773843386.00 912545084.00
Interest revenue 373254512.00 503069782.00
Add: Other income 964224058.00 481618568.00
Return on investment (“-” for loss) 93367794.00 -50662722.00
Including: Share of profit or loss of joint ventures and
49702842.00-63367378.00
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) 25449675.00 72818914.00
Credit impairment loss (“-” for loss) -3665560.00 -9794782.00
Asset impairment loss (“-” for loss) -135000918.00 -650860075.00
Asset disposal income (“-” for loss) 9774964.00 26091559.00
3. Operating profit (“-” for loss) 2461624733.00 2276922522.00
Add: Non-operating income 6178663.00 77420401.00
Less: Non-operating expense 3238956.00 6491224.00
4. Gross profit (“-” for loss) 2464564440.00 2347851699.00
Less: Income tax expense 755477123.00 410751497.00
5. Net profit (“-” for net loss) 1709087317.00 1937100202.00
5.1 By operating continuity
5.1.1 Net profit from continuing operations (“-” for net loss) 1709087317.00 1937100202.00
5.1.2 Net profit from discontinued operations (“-” for net
0.000.00
loss)
5.2 By ownership
5.2.1 Net profit attributable to owners of the Company as the
1707220076.001613999380.00
parent
5.2.2 Net profit attributable to non-controlling interests 1867241.00 323100822.00
6. Other comprehensive income net of tax -49303857.00 62631620.00
Attributable to owners of the Company as the parent -68304516.00 58667652.00
6.1 Items that will not be reclassified to profit or loss -29191873.00 10633137.00
6.1.1 Changes caused by remeasurements on defined
0.000.00
benefit schemes
6.1.2 Other comprehensive income that will not be
-18073125.00-5248284.00
reclassified to profit or loss under the equity method
6.1.3 Changes in the fair value of investments in other
-11118748.0015881421.00
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 -39112643.00 48034515.00
6.2.1 Other comprehensive income that will be
18541.000.00
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
10BOE Technology Group Co. Ltd. First Quarterly Report 2026
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
-39131184.0048034515.00
currency-denominated financial statements
6.2.7 Other 0.00 0.00
Attributable to non-controlling interests 19000659.00 3963968.00
7. Total comprehensive income 1659783460.00 1999731822.00
Attributable to owners of the Company as the parent 1638915560.00 1672667032.00
Attributable to non-controlling interests 20867900.00 327064790.00
8. Earnings per share
8.1 Basic earnings per share 0.05 0.04
8.2 Diluted earnings per share 0.05 0.04
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
Unit: RMB
Item Q1 2026 Q1 2025
1. Cash flows from operating activities:
Proceeds from sale of commodities and rendering of services 53441878106.00 53932028200.00
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
Tax and levy rebates 2558188220.00 2781921908.00
Cash generated from other operating activities 1040167073.00 1514673136.00
Subtotal of cash generated from operating activities 57040233399.00 58228623244.00
Payments for commodities and services 36193593815.00 35125921106.00
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 5873420688.00 6015134936.00
Taxes and levies paid 1486694156.00 1567299774.00
Cash used in other operating activities 1187025937.00 1776471692.00
Subtotal of cash used in operating activities 44740734596.00 44484827508.00
Net cash generated from/used in operating activities 12299498803.00 13743795736.00
2. Cash flows from investing activities:
Proceeds from disinvestment 6591636715.00 12746874980.00
Return on investment 389902962.00 65946661.00
Net proceeds from the disposal of fixed assets intangible assets 7566408.00 7164478.00
11BOE Technology Group Co. Ltd. First Quarterly Report 2026
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 100279826.00 390430882.00
Subtotal of cash generated from investing activities 7089385911.00 13210417001.00
Payments for the acquisition of fixed assets intangible assets
9043918535.009049134737.00
and other long-lived assets
Payments for investments 8264257445.00 11157764768.00
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 77148253.00 57437634.00
Subtotal of cash used in investing activities 17385324233.00 20264337139.00
Net cash generated from/used in investing activities -10295938322.00 -7053920138.00
3. Cash flows from financing activities:
Capital contributions received 1376285503.00 2774085800.00
Including: Capital contributions by non-controlling interests
1376285503.002774085800.00
to subsidiaries
Borrowings received 11298578451.00 7474047148.00
Cash generated from other financing activities 0.00 258473336.00
Subtotal of cash generated from financing activities 12674863954.00 10506606284.00
Repayment of borrowings 9232438826.00 18957823638.00
Interest and dividends paid 860634460.00 1300419841.00
Including: Dividends paid by subsidiaries to non-controlling
14036091.000.00
interests
Cash used in other financing activities 127770053.00 273638270.00
Subtotal of cash used in financing activities 10220843339.00 20531881749.00
Net cash generated from/used in financing activities 2454020615.00 -10025275465.00
4. Effect of foreign exchange rates changes on cash and cash
-375915323.00-44344535.00
equivalents
5. Net increase in cash and cash equivalents 4081665773.00 -3379744402.00
Add: Cash and cash equivalents beginning of the period 58211295777.00 62005252511.00
6. Cash and cash equivalents end of the period 62292961550.00 58625508109.00
(II) Adjustments to Financial Statement Items at the Beginning of the Year of the First Implementation
of the New Accounting Standards Implemented since 2026
□ Applicable □ Not applicable
(III) Independent Auditor’s Report
Indicate by tick mark whether the financial statements above have been audited by an independent auditor.□ Yes □ No
These financial statements have not been audited by such an auditor.The Board of Directors
BOE Technology Group Co. Ltd.
29 April 2026
12
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