INTERIM REPORT 2026
August 2026
1BOE Technology Group Co. Ltd. Interim Report 2026
Part I Important Notes Table of Contents and Definitions
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 its summary and
shall be jointly and severally liable for any misrepresentations misleading statements or
material omissions therein.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.All the Company’s directors have attended the Board meeting for the review of this Report and
its summary.Any plans for the future development strategies and other forward-looking statements
mentioned in this Report and its summary shall NOT be considered as absolute promises of the
Company to investors. Therefore investors are reminded to exercise caution when makinginvestment decisions. For further information see “(X) Risks Facing the Company andCountermeasures” in Part III herein.The Company has no interim dividend plan either in the form of cash or stock.This Report and its summary have been prepared in Chinese and translated into English.Should there be any discrepancies or misunderstandings between the two versions the Chinese
versions shall prevail.
2BOE Technology Group Co. Ltd. Interim Report 2026
Table of Contents
Part I Important Notes Table of Contents and Defin... 3
Part II Corporate Information and Key Financial In... 7
Part III Management Discussion and Analysis ........ 10
Part IV Governance Environmental and Social Inform.. 29
Part V Significant Events .......................... 34
Part VI Share Changes and Shareholder Information .. 49
Part VII Bonds ..................................... 58
Part VIII Financial Statements ..................... 62
3BOE Technology Group Co. Ltd. Interim Report 2026
Documents Available for Reference
(I) The financial statements signed and sealed by the Company’s legal representative Chairman of the Executive Committee Chief
Financial Officer and head of the financial department (equivalent to financial manager); and
(II) The originals of all the documents and announcements that the Company disclosed on www.cninfo.com.cn during the Reporting
Period.All the above mentioned documents are available at the Board Secretary’s Office of the Company.Chairman of the Board (signature): Mr. Chen Yanshun
Date of the Board’s approval of this Report: 27 August 2026
4BOE Technology Group Co. Ltd. Interim Report 2026
Definitions
Term Definition
BOE Technology Group Co. Ltd. and its consolidated subsidiaries except where
“BOE” the “Company” the “Group” or “we”
the context otherwise requires
The cninfo website http://www.cninfo.com.cn/
CSRC The China Securities Regulatory Commission
SZSE the Stock Exchange The Shenzhen Stock Exchange
The Company Law The Company Law of the People’s Republic of China
The Securities Law The Securities Law of the People’s Republic of China
Guideline No. 1 of the Shenzhen Stock Exchange Regarding Self-disciplinary
The Compliance in Operation of Main Board
Activities and Regulation of Listed Companies—Compliance in Operation of
Listed Companies
Main Board Listed Companies
BEHC Beijing Electronics Holdings Co. Ltd.BOE Varitronix BOE Varitronix Limited
UPTC UPTC (Beijing) Technology Co. Ltd.Zhongxiangying Beijing Zhongxiangying Technology Co. Ltd.BOE Energy BOE Energy Technology Co. Ltd.
3D Three Dimensions
8K 8K resolution (7680 × 4320 pixels)
ADS Pro One of BOE's three major technology brands
AI Artificial Intelligence
AMOLED Active-matrix Organic Light Emitting Diode
AR Augmented Reality
BES BOE Smart Energy Operation System
COG Chip On Glass
f-OLED One of BOE's three major technology brands
FPXD Flat Panel X-Ray Detector
HDR High Dynamic Range Imaging
Smart cockpit innovation scenarios covering Healthiness Entertainment
HERO
Relaxation and Office
IFI IFI Claims
IoT Internet of Things
LCD Liquid Crystal Display
LED Light-emitting Diode
LTPS Low Temperature Poly-Silicon
MEMS Micro-Electro-Mechanical System
Mini/Micro LED Sub-millimeter/micro light-emitting diode
MLED Mini/Micro LED
MR Mixed Reality
OLED Organic Light Emitting Diode
Oxide Oxide thin film transistor technology
PCA People's Choice Awards
PPI Pixels Per Inch
Dual Red Green Blue + eXtra primary color fusion display technology of RGBC
RGBX
panel and RGBC backlight
RWA Real World Assets
SID The Society for Information Display
SNEC Shanghai New Energy Conference
TADF Thermally Activated Delayed Fluorescence
TFT-LCD Thin Film Transistor Liquid Crystal Display
TV Television
UB Cell Natural and realistic display as Ultra Black Ultra Bright Ultra Brilliant
“Ultra Live” (UHD Second Site) the world's first 8K-level full-link technology
ULive
and operation brand developed by UPTC a subsidiary of BOE
5BOE Technology Group Co. Ltd. Interim Report 2026
Ultra A high-end small-pitch direct-view product
VR Virtual Reality
X-ray A type of radiation
α-MLED One of BOE's three major technology brands
6BOE Technology Group Co. Ltd. Interim Report 2026
Part II Corporate Information and Key Financial Information
I Corporate Information
Stock name BOE-A BOE-B Stock code 000725 200725
Changed stock name (if any) N/A
Stock exchange for stock listing Shenzhen Stock Exchange
Company name in Chinese 京东方科技集团股份有限公司
Abbr. (if any) 京东方
Company name in English (if any) BOE TECHNOLOGY GROUP CO. LTD.Abbr. (if any) BOE
Legal representative Chen Yanshun
II Contact Information
Item Board Secretary Securities Representative
Name Guo Hong Luo Wenjie
12 Xihuan Middle Road Beijing Economic- 12 Xihuan Middle Road Beijing Economic-
Address
Technological Development Area Beijing P.R.China Technological Development Area Beijing P.R.China
Tel. 010-60965555 010-60965555
Fax 010-64366264 010-64366264
Email address guohong@boe.com.cn luowenjie@boe.com.cn
III Other Information
1. Contact Information of the Company
Indicate by tick mark whether any change occurred to the registered address office address and their zip codes website address email
address and other contact information of the Company in the Reporting Period.□ Applicable □ Not applicable
No change occurred to the said information in the Reporting Period which can be found in the 2025 Annual Report.
2. Media for Information Disclosure and Place where this Report is Lodged
Indicate by tick mark whether any change occurred to the information disclosure media and the place for keeping the Company’s
periodic reports in the Reporting Period.□ Applicable □ Not applicable
The website of the stock exchange the media and other website where the Company’s periodic reports are disclosed as well as the
place for keeping such reports did not change in the Reporting Period. The said information can be found in the 2025 Annual Report.
7BOE Technology Group Co. Ltd. Interim Report 2026
3. Other Information
Indicate by tick mark whether any change occurred to other information in the Reporting Period.□ Applicable □ Not applicable
IV Key Financial Information
Indicate by tick mark whether there is any retrospectively restated datum in the table below.□ Yes □ No
Item H1 2026 H1 2025 Change (%)
Operating revenue (RMB) 103132382859.00 101278182135.00 1.83%
Net profit attributable to the listed
5247660077.003246885779.0061.62%
company’s shareholders (RMB)
Net profit attributable to the listed
company’s shareholders before 3008251856.00 2282236531.00 31.81%
exceptional gains and losses (RMB)
Net cash generated from/used in
22744634093.0022736307086.000.04%
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) 439055090769.00 436378322803.00 0.61%
Equity attributable to the listed
133136493024.00134478628806.00-1.00%
company’s shareholders (RMB)
V Accounting Data Differences under China’s Accounting Standards for Business Enterprises
(CAS) and International Financial Reporting Standards (IFRS) and Foreign Accounting
Standards
1. Net Profit and Net Asset Differences under CAS and IFRS
□ Applicable □ Not applicable
No such differences for the Reporting Period.
2. Net Profit and Net Asset Differences under CAS and Foreign Accounting Standards
□ Applicable □ Not applicable
No such differences for the Reporting Period.VI Exceptional Gains and Losses
□ Applicable □ Not applicable
8BOE Technology Group Co. Ltd. Interim Report 2026
Unit: RMB
Item Amount Note
Gain or loss on disposal of non-current assets (inclusive of impairment allowance write-offs) 7086367.00 N/A
Government grants recognized in current profit or loss (exclusive of those that are closely
related to the Company's normal business operations and given in accordance with defined
800926509.00 N/A
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 (exclusive of the effective 2449584950.00 N/A
portion of hedges that arise in the Company’s ordinary course of business)
Capital occupation charges on a non-financial enterprise that are charged to current profit or
0.00 N/A
loss
Gain or loss on assets entrusted to other entities for investment or management 0.00 N/A
Gain or loss on loan entrustments 0.00 N/A
Asset losses due to acts of God such as natural disasters 0.00 N/A
Reversed portions of impairment allowances for receivables which are tested individually for
2969424.00 N/A
impairment
Gain 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 fair value of 0.00 N/A
identifiable net assets of investees when making investments
Current profit or loss on subsidiaries obtained in business combinations involving enterprises
0.00 N/A
under common control from the period-beginning to combination dates net
Gain or loss on non-monetary asset swaps 0.00 N/A
Gain or loss on debt restructuring 0.00 N/A
One-off costs incurred by the Company as a result of discontinued operations such as
0.00 N/A
expenses for employee arrangements
One-time effect on current 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 equity
0.00 N/A
incentive plans
Gain or loss on changes in the fair value of employee benefits payable after the vesting date
0.00 N/A
for cash-settled share-based payments
Gain or loss on fair-value changes in investment property of which subsequent measurement
0.00 N/A
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 operations 0.00 N/A
Income from charges on entrusted management 0.00 N/A
Non-operating income and expense other than the above 6157916.00 N/A
Other gains and losses that meet the definition of exceptional gain/loss 0.00 N/A
Less: Income tax effects 651525399.00 N/A
Non-controlling interests effects (net of tax) 375791546.00 N/A
Total 2239408221.00
Particulars about other gains and losses that meet the definition of exceptional gain/loss:
□ Applicable □ Not applicable
No such cases for 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 for the Reporting Period.
9BOE Technology Group Co. Ltd. Interim Report 2026
Part III Management Discussion and Analysis
I Principal Operations of the Company in the Reporting Period
(I) About the Company
BOE Technology Group Co. Ltd. is a world-leading technological innovation company that promotes the intelligent connection of all
things through optoelectronic integration technology.With “To Be the Most Respected Company on Earth” as its vision and BOE always keeps in mind the mission of “Change Life withBOE Display Everywhere” upholds the core values of “Integrity & Reliability Dedication to Customers Being People-orientedOpenness and Innovation” as well as adheres to the business philosophy of “Doing the Right Thing Innovation and Progress Seeking”.It has been continuously strengthening the construction of its industrial ecosystem and enhancing its value creation capabilities. Upon
decades of relentless efforts BOE has grown into a world leader in the display industry and a global innovative company in the IoT
sector.Adhering to a “market-oriented international and professional” development approach it has built a significant number of intelligent
manufacturing bases in Beijing Hefei Chengdu Chongqing Fuzhou Mianyang Wuhan Kunming Ordos Nanjing etc. with
subsidiaries across many countries and regions including the United States Germany Japan South Korea Singapore India Brazil
and the United Arab Emirates as well as a business network that covers major regions of the world such as Europe Americas Asia
and Africa. BOE aims to provide customers with better products and more thoughtful service experience with its well-established
global network and a diverse product and service system.To adapt to an IoT era BOE has put forward the development strategy of “Empower IoT with Display” in its IoT transformation.Taking into account market conditions and business characteristics BOE has put in place a business development architecture of
“1+4+N+Ecosystem” to ensure the execution and implementation of its strategies. Specifically:
“1” represents display which is the core capacity and quality resources accumulated by BOE as well as the source and origin of the
development strategy of “Empower IoT with Display”.“4” refers to IoT Innovation Sensor MLED and Smart Engineering Medicine. These are the high-potential tracks chosen by BOE
based on its core strengths and value chain extension representing the development directions of the development strategy of
“Empower IoT with Display”.“N” refers to the subdivided application scenarios of IoT that are continuously explored and cultivated by BOE as well as the specific
focus of the development strategy of “Empower IoT with Display”.“Ecosystem” is an enabling platform for the collaborative development of BOE’s innovative ecosystem and an important guarantee for
the development strategy of “Empower IoT with Display”.(II) About the Company’s principal operations
1. The Display Devices business
The Display Devices business offers integrated design and manufacturing services for devices and is committed to providing interface
devices applying TFT-LCD AMOLED and other technologies focusing on providing customers with high-quality display devices for
smartphones tablet PCs laptops monitors TVs vehicles etc.
2. The IoT Innovation business
The IoT Innovation business offers integrated design and manufacturing services for system solutions and provides customers with
competitive smart terminal products for TVs monitors laptops tablets low-power devices IoT 3D display etc. By integrating AI
and big data capabilities BOE provides innovative IoT products and services that combine software and hardware.
3. The Sensor business
10BOE Technology Group Co. Ltd. Interim Report 2026
The Sensor business offers integrated design and manufacturing solutions focuses on FPXD smart display windows industrial sensors
MEMS and glass packaging substrates and provides customers with products and services including back plates for flat panel X-ray
detectors (FPXD) intelligent PDLC windows and PDLC system solutions consumer electronics and industrial application solutions
and advanced packaging substrates among others.
4. The MLED business
The MLED business provides LED solutions with integrated R&D manufacturing and marketing services. Focused on devices and
solutions this business renders Mini/Micro-LED display products with high brightness high reliability and high contrast for segment
markets of outdoor commercial transparent specialized and other displays as well as LED backlight products with high quality and
reliability for displays of TVs monitors laptops vehicles etc.
5. The Smart Engineering Medicine business
The Smart Engineering Medicine business adopts a professional service model to provide products services and solutions in relation
to medical care smart nursing medical-engineering integration etc. This business takes hospitals and elderly care institutions as the
extraction platform for health IoT capabilities standardizes streamlines and productizes professional capabilities. It builds a unified
data middle platform and service integration platform through medical-engineering technology establishes a tiered diagnosis and care
system extends professional and continuous services to households and creates high-frequency application scenarios.
6. The “N” business
With a specific focus on the "N" business the Company provides hardware and software integrated system solutions for different
segments including intelligent car networking smart energy industrial IoT UHD display etc. which can provide customers with
multi-functional and smart new experience under IoT scenarios.In terms of intelligent car networking BOE focuses on the intelligent cockpit "HERO" innovative application scenarios joins hands
with global partners to provide new experience of intelligent cockpit scenarios and promotes the continuous upgrading of full-scenario
intelligent solutions representing a new leading ecosystem of innovative and intelligent travel.In terms of the smart energy business BOE focuses on zero-carbon integrated energy services. With BES as the empowering platform
it revolves around various aspects of "source-grid-load-storage-carbon." It offers a zero-carbon implementation path of "source
decarbonization process decarbonization end negative carbon and intelligent carbon management" providing customers with
comprehensive energy services and utilization and zero-carbon solutions.In terms of the industrial IoT business BOE is committed to providing industrial software intelligent manufacturing solutions for the
pan-semiconductor industry. Leveraging over three decades of industry experience BOE offers pan-semiconductor industrial software
industrial AI smart factory services and other products and services continuously driving high-quality development across the
industry.The UHD display business adheres to the "UHD × digitalization" strategy continuously promoting the wide application of UHD
technology in fields such as smart government and enterprise services finance transportation industrial parks and visual arts. It relies
on full-link technology to develop the world's first 8K-level UHD second site digital audio-visual solution "ULive" and is committed
to building an ULive technical system featuring "credible copyright reliable transmission immersive experience nationwide coverage
and universal accessibility".II Core Competitiveness Analysis
1. Consolidating industry-leading strengths with a diversified layout on a customer-oriented basis
The Company continues to conform to the industrial development trend of digitalization and intelligence adheres to customer
orientation captures market development opportunities and actively responds to customer needs. Based on existing businesses the
Company actively expands the global market lays out emerging markets in a forward-looking manner continuously strengthens its
industry-leading market position and explores new business growth points.
11BOE Technology Group Co. Ltd. Interim Report 2026
In the first half of 2026 BOE continued to consolidate its leading strengths in the display field. The product structure in the LCD field
was continuously optimized and advantageous high-end flagship products achieved stable breakthroughs. The shipment volume of
flexible OLED products further increased and multiple first-launch products were created in collaboration with brand partners.The Company's innovative businesses developed rapidly with expansion results emerging in various market segments. Specifically
smart terminals accelerated overseas layout; the Phase II of the self-invested smart terminal project in Vietnam rapidly expanded
production further accelerating the global IoT innovation ecosystem layout; and IoT terminals continued to make breakthroughs in
overseas markets. The MLED direct display business continued to expand the market and accelerate overseas expansion with overseas
revenue increasing significantly and multiple benchmark projects successfully implemented. The comprehensive competitiveness of
the backlight business was further enhanced achieving the introduction of multiple top-tier brand customers. In the sensor business
glass-based advanced packaging substrates achieved sample delivery to top-tier domestic customers. The revenue of smart screens
increased rapidly the first partitioning technology achieved product?level rollout multiple project designations from top-tier industry
customers were added and the high-end customer matrix was continuously optimized. Digital hospitals continued to enhance core
capabilities with total outpatient visits and discharges achieving steady growth and operational quality significantly improved.Chengdu BOE Hospital was successfully rated as a Grade III Class A general hospital. Smart nursing deepened the integration of
medical care and elderly care and the Chengdu Elderly Care Community became a regional benchmark project further enhancing its
industry influence.In terms of the "N" business BOE Varitronix steadily explored overseas markets and continued to expand system and innovative
businesses. In the first half of the year BOE Energy released/participated in the compilation of two national standards and won two
heavyweight awards in the global smart energy field at SNEC 2026. Zhongxiangying was successfully selected as a national-level
Specialized Refined Distinctive and Innovative “Little Giant” enterprise significantly enhancing its core competitiveness. UPTC
further focused on products with digital exhibition screen products widely used in exhibition halls and government and enterprise
scenarios. The Ulive business made breakthrough progress independently developing the world's first set of ultra-performance large
screens dedicated to ultra-live events maintaining a leading position nationwide.
2. Forging excellent technology and product capabilities on an innovation-driven basis
The Company always adheres to innovation leadership. It has built a sound innovation ecosystem pragmatically promoted the rapid
development of the three major technology source hubs of display IoT innovation and sensor devices and comprehensively
established the technology architecture of "Empower IoT with Display" which covers the device layer terminal layer platform layer
and application layer. It has created three major technology brands: ADS Pro f-OLED and α-MLED focusing on the systematic
technological innovation capability of software and hardware integration providing key support for the value extension of "device-
terminal-scenario".In terms of technology and products in the display device field LCD accelerated the technological upgrades of UB Cell Oxide and
LTPS. BOE's first-launched world's highest 2540 PPI VR won the 2026 SID PCA Best AR/VR/MR Product Award and the 85-inch
UB Cell 5.0 RGBX Ultra TV won the 2026 SID PCA Best LCD Technology Award. BOE has continued to upgrade its display
technology and innovate OLED. The 14-inch TADF wide color gamut flexible OLED obtained the Pantone professional color
certification making it the first product in the domestic display industry to receive this certification. The crease depth of the mirror-
like "crease-free" flexible OLED decreased by 60% reaching the industry's top level. In the MLED field the COG P0.9 ultra-thin
HDR Micro LED all-in-one TV was officially released. Meanwhile the Company continued to promote the deep integration of AI
technology and terminal products driving the dimensional upgrade of technology and product innovation with AI. Relying on the self-
developed Blue Whale display large model the Company built a multi-scenario AI product innovation matrix. Products such as the
smart office AI all-in-one machine and AI quick sketchbook achieved office efficiency upgrades. Entertainment terminals such as
glasses-free 3D laptops smart gaming handhelds and AI TVs created immersive interactive experiences relying on self-developed AI
algorithms. The AI image generation platform widely empowered artistic creation and smart exhibition continuously consolidating
the Company's leading position in the AI display field.
12BOE Technology Group Co. Ltd. Interim Report 2026
With respect to patents the Company continued to strengthen the layout of high-quality patents. As of the first half of 2026 the
Company's total patent applications exceeded 100000. Among the new patent applications added during the year invention patents
accounted for over 90% overseas patents accounted for over 33% and patent applications in the fields of flexible OLED sensor
artificial intelligence and big data exceeded 2000 accounting for over 50%. BOE's technological innovation strength has been
repeatedly recognized. It has entered the global TOP20 in the IFI U.S. patent authorization ranking for eight consecutive years. In
addition it has been selected for five straight years and remained among the Top 100 Global Innovators by Clarivate Analytics further
demonstrating BOE's innovation strength and technological leadership.
3. Strengthening the lean management and governance system under digital and intelligent empowerment
The Company has continued to strengthen the lean management and governance system adhered to precise resource investment and
built a "platform-based digitalized standardized and process-oriented" operation system.At the operational management level the Company has continued to optimize the platform-based organizational design and adhered
to the "three offices and three managements" operational management system. With the organizational mechanism of an agile front
office an intensive middle office and an efficient back office BOE has combined key drivers such as strategy process and
performance to continuously strengthen the efficient operational linkage among the front middle and back offices and boost the
improvement of the Company's operational efficiency. Under the framework of the "three offices and three managements" operational
management mechanism the Company piloted the "platforms + teams" operation model. With the matrix-based authorized
management and operation model where "teams focus on front?line execution while platforms focus on capacity building" it has
strengthened the customer-oriented operation awareness and the operation mechanism of matching responsibilities rights and interests
promoted efficient internal collaboration and facilitated its high-quality operation.In terms of digital transformation the Company strengthened the construction of digital processes continued to promote the
construction of online process data and digital operations and took digital transformation projects as the key driver to promote the
construction of "one digital and visual BOE" strengthening process efficiency improvement and value output. At the same time based
on the five major capability platforms: solution capability platform development technology platform data platform security operation
platform and cloud infrastructure platform the Company deeply promoted the construction of the digital technology foundation. It has
consistently and firmly focused on the product and technology leadership strategy platform-based strategy and standardization
strategy and solidly advanced major digital projects to achieve milestones with digital transformation progressing steadily.In addition to further deepen lean management the Company has actively promoted the deep integration of AI technology and
production operations continuously strengthening its core competitive advantages. In the "AI + Manufacturing" field the
implementation of AI factories accelerated and the replication and promotion of key applications went hand in hand with the innovative
exploration of high-value applications empowering factories at scale to improve quality increase efficiency and reduce costs. In the
"AI + Product" field the Company comprehensively laid out the basic R&D platform through AI made product breakthroughs in
image quality and power consumption technologies with the achievements of complete machine products expanding continuously.While in the "AI + Platform" field the Blue Whale display large model continued to upgrade and AI data governance accelerated. At
the same time "AI + Innovation" practices won multiple heavyweight honors at home and abroad and technological innovation
capability and industry influence continued to enhance.
4. Cultivating new growth poles for industrial development in a forward-looking layout
Based on the "Empower IoT with Display" development strategy and relying on the "Nth Curve" development the Company closely
follows the wave of AI technology iteration and industrial transformation seizes the industrial upgrading opportunities brought by the
growing demand for AI computing power and focuses on core directions such as glass-based advanced packaging and optical
interconnection. By fully leveraging its three core advantages in display technology glass-based processing and large-scale integrated
intelligent manufacturing the Company accelerates the industrialization of cutting-edge fields such as perovskite photovoltaics and
glass-based packaging substrates addresses the shortcomings in upstream core materials and key equipment and continuously
broadens its industrial boundaries.
13BOE Technology Group Co. Ltd. Interim Report 2026
To further promote the industrialization process of the "Nth Curve" the Company insists on deep cooperation with industry chain
partners. In May this year BOE and Corning signed a memorandum of understanding to further expand the boundaries of synergy.The scope of cooperation has expanded from the traditional display field to cutting-edge technology directions such as glass-based
packaging substrates foldable glass perovskite glass substrates and optical interconnection accelerating the commercialization of
cutting-edge technologies. The Company will continue to deepen multi-dimensional innovation in processes products and business
models strengthen the synergistic layout of the global industry chain and build an open and win-win industrial ecosystem continuously
injecting new momentum into the long-term development of the Company.III Analysis of Core Businesses
Overview:
See contents under the heading “I Principal Operations of the Company in the Reporting Period” above.Year-on-year changes in key financial data:
Unit: RMB
Item H1 2026 H1 2025 Change (%) Main reason for change
Operating revenue 103132382859.00 101278182135.00 1.83% N/A
Cost of sales 87629902479.00 86687428435.00 1.09% N/A
Selling expense 988066826.00 901999798.00 9.54% N/A
Administrative expense 3005196477.00 2845176749.00 5.62% N/A
Increase in net exchange loss during
Finance costs 1694665509.00 713453496.00 137.53%
the Reporting Period
Temporary differences of assets during
Income tax expense 2236296164.00 1191720067.00 87.65%
the Reporting Period
R&D investments 6833355697.00 6081989348.00 12.35% N/A
Net cash generated
from/used in operating 22744634093.00 22736307086.00 0.04% N/A
activities
Net cash generated Decrease in cash paid for the
from/used in investing -15257229963.00 -21225275652.00 28.12% acquisition and construction of long-
activities term assets during the Reporting Period
Net cash generated
Decrease in cash paid for debt
from/used in financing -5486597308.00 -13762514815.00 60.13%
repayment during the Reporting Period
activities
Decrease in cash paid for the
Net increase in cash acquisition and construction of long-
1225078731.00-12195899245.00110.05%
and cash equivalents term assets and for debt repayment
during the Reporting Period
Material changes to the profit structure or sources of the Company in the Reporting Period:
□ Applicable □ Not applicable
No such changes in the Reporting Period.Breakdown of operating revenue:
Unit: RMB
H1 2026 H1 2025
As % of total As % of total Change Item
Operating revenue operating revenue Operating revenue operating revenue (%)
(%)(%)
14BOE Technology Group Co. Ltd. Interim Report 2026
Total 103132382859.00 100% 101278182135.00 100% 1.83%
By operating division
Display Devices
81755437509.0079.27%84456299574.0083.39%-3.20%
business
IoT Innovation business 19000029296.00 18.42% 17967586458.00 17.74% 5.75%
Sensor business 420796061.00 0.41% 223580565.00 0.22% 88.21%
MLED business 6405513503.00 6.21% 4346566103.00 4.29% 47.37%
Smart Engineering
957120156.000.93%917485725.000.91%4.32%
Medicine business
Others and offset -5406513666.00 -5.24% -6633336290.00 -6.55% -18.49%
By product category
Display Devices
81755437509.0079.27%84456299574.0083.39%-3.20%
business
IoT Innovation business 19000029296.00 18.42% 17967586458.00 17.74% 5.75%
Sensor business 420796061.00 0.41% 223580565.00 0.22% 88.21%
MLED business 6405513503.00 6.21% 4346566103.00 4.29% 47.37%
Smart Engineering
957120156.000.93%917485725.000.91%4.32%
Medicine business
Others and offset -5406513666.00 -5.24% -6633336290.00 -6.55% -18.49%
By operating segment
Mainland China 50709925031.00 49.17% 49719622119.00 49.09% 1.99%
Other regions 52422457828.00 50.83% 51558560016.00 50.91% 1.68%
Operating division product category or operating segment contributing over 10% of operating revenue or operating profit:
□ Applicable □ Not applicable
Unit: RMB
YoY
YoY YoY change
Gross change in
change in in gross
Item Operating revenue Cost of sales profit operating
cost of profit
margin revenue
sales (%) margin (%)
(%)
By operating division
Display Devices
81755437509.0071334915353.0012.75%-3.20%-3.57%0.34%
business
IoT Innovation business 19000029296.00 16715631569.00 12.02% 5.75% 4.49% 1.05%
By product category
Display Devices
81755437509.0071334915353.0012.75%-3.20%-3.57%0.34%
business
IoT Innovation business 19000029296.00 16715631569.00 12.02% 5.75% 4.49% 1.05%
By operating segment
Mainland China 50709925031.00 43897298330.00 13.43% 1.99% 1.77% 0.19%
Other regions 52422457828.00 43732604149.00 16.58% 1.68% 0.41% 1.05%
Core business data of the prior year restated according to the changed statistical caliber for the Reporting Period:
□ Applicable □ Not applicable
IV Analysis of Non-Core Businesses
□ Applicable □ Not applicable
Unit: RMB
Item Amount As % of total profit Main source/reason Recurrent or not
15BOE Technology Group Co. Ltd. Interim Report 2026
Return on investment recognized
Return on investment 1730780862.00 23.82% for associates during the No
Reporting Period
Gain/loss on changes changes in fair value of financial
2310378857.00 31.79% No
in fair value assets held by the Company
Inventory valuation allowances
Asset impairments -910229676.00 -12.53% established based on market No
conditions
Non-operating income 15991677.00 0.22% N/A No
Non-operating expense 11578435.00 0.16% N/A No
V Analysis of Assets and Liabilities
1. Material Changes in Asset Composition
Unit: RMB
30 June 2026 31 December 2025
Change in Reason for any
Item As a % of As a % of percentage significant
Amount total Amount total (%) change
assets assets
Monetary assets 72302319631.00 16.47% 72222940175.00 16.55% -0.08% N/A
Accounts receivable 35294653880.00 8.04% 32293002623.00 7.40% 0.64% N/A
Contract assets 367153318.00 0.08% 393081902.00 0.09% -0.01% N/A
Inventories 26880611634.00 6.12% 27748526136.00 6.36% -0.24% N/A
Investment property 2295826077.00 0.52% 2146616904.00 0.49% 0.03% N/A
Long-term equity
19552645317.00 4.45% 18636209565.00 4.27% 0.18% N/A
investments
Fixed assets 174312160817.00 39.70% 186299299142.00 42.69% -2.99% N/A
Construction in progress 58925351259.00 13.42% 52943124120.00 12.13% 1.29% N/A
Right-of-use assets 780970858.00 0.18% 807290109.00 0.18% 0.00% N/A
Short-term borrowings 4684020328.00 1.07% 3655021437.00 0.84% 0.23% N/A
Contract liabilities 2135141804.00 0.49% 2223451538.00 0.51% -0.02% N/A
Long-term borrowings 93648590646.00 21.33% 101576573473.00 23.28% -1.95% N/A
Lease liabilities 669537228.00 0.15% 687762666.00 0.16% -0.01% N/A
2. Major Assets Overseas
□ Applicable □ Not applicable
16BOE Technology Group Co. Ltd. Interim Report 2026
3. Assets and Liabilities at Fair Value
□ Applicable □ Not applicable
Unit: RMB
Impairment
Gain/loss on fair-
Cumulative fair- allowance
Beginning value changes in Purchased in the Sold in the
Item value changes for the Other changes Ending amount
amount the Reporting Reporting Period Reporting Period
charged to equity Reporting
Period
Period
Financial assets
1. Held-for-trading financial assets
(excluding derivative financial 1670548730.00 2303338371.00 0.00 0.00 3931006679.00 3702035333.00 1506081119.00 5708939566.00
assets)
2.Derivative financial assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
3. Investments in other debt
0.000.000.000.000.000.000.000.00
obligations
4. Investments in other equity
536217192.000.00-201628323.000.000.002546151.000.00428760100.00
instruments
5. Other non-current financial assets 2874055003.00 7040486.00 0.00 0.00 23202459.00 0.00 -1506081119.00 1398216829.00
Subtotal of financial assets 5080820925.00 2310378857.00 -201628323.00 0.00 3954209138.00 3704581484.00 0.00 7535916495.00
Investment property 0.00 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 0.00
Others 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Receivable financing 585672349.00 0.00 0.00 0.00 0.00 0.00 149069871.00 734742220.00
Total of the above 5666493274.00 2310378857.00 -201628323.00 0.00 3954209138.00 3704581484.00 149069871.00 8270658715.00
Financial liabilities 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Contents of other changes:
N/A
Significant changes to the measurement attributes of the major assets in the Reporting Period:
□ Yes □ No
17BOE Technology Group Co. Ltd. Interim Report 2026
4. Restricted Asset Rights as at the Period-End
Unit: RMB
Item Ending carrying value Reason for restriction
Mainly security deposits and amounts put in pledge
Monetary assets 1753429005.00
for the issuance of notes payable
Endorsed and transferred with right of recourse and
Notes receivable 380122139.00
those put in pledge for the issuance of notes payable
Fixed assets 87525494859.00 As collateral for loan
Intangible assets 1555673958.00 As collateral for loan
Construction in progress 15678868439.00 As collateral for loan
Investment property 175939343.00 As collateral for loan
Other non-current assets 27204113.00 In pledge for bank acceptance bills
Accounts receivable 495595138.00 In pledge for loan
Total 107592326994.00
VI Investments Made
1. Total Investments Made
□ Applicable □ Not applicable
Investments made in this Reporting Investments made in the same period of
Change（%）
Period (RMB) last year (RMB)
51061824.00494298659.00-89.67%
2. Significant Equity Investments Made in the Reporting Period
□ Applicable □ Not applicable
3. Significant Non-Equity Investments Ongoing in the Reporting Period
□ Applicable □ Not applicable
18BOE Technology Group Co. Ltd. Interim Report 2026
4. Financial Investments
(1) Securities Investments
□ Applicable □ Not applicable
Unit: RMB
Purc
hase
Account d in
Variet Name Profit/loss on fair Fun
ing Cumulative fair this Sold in this
y of Code of of Initial investment Beginning value changes in Profit/loss in this Ending carrying Accountin ding
measure value changes Rep Reporting
securit securities securit cost carrying value this Reporting Reporting Period value g title sour
ment charged to equity ortin Period
ies ies Period ce
model g
Peri
od
Dome Held-for-
Fair Self-
stic/ov trading
002841.SZ CVTE 299999939.00 value 175561098.00 -22593025.00 0.00 0.00 0.00 -19403421.00 152968073.00 fund
erseas financial
method ed
stock assets
Dome Held-for-
Fair Self-
stic/ov ASE trading
688720.SH 21030376.00 value 52804777.00 53284916.00 0.00 0.00 0.00 53367447.00 106089693.00 fund
erseas M financial
method ed
stock assets
Dome Held-for-
Fair Self-
stic/ov Kemat trading
301611.SZ 5381144.00 value 115097412.00 70778100.00 0.00 0.00 64752687.00 70902056.00 121122825.00 fund
erseas ek financial
method ed
stock assets
Dome Held-for-
SINO Fair Self-
stic/ov trading
688545.SH PHOR 37385589.00 value 156710133.00 326819831.00 0.00 0.00 57628722.00 327780077.00 425901242.00 fund
erseas financial
US method ed
stock assets
Dome Dyna Held-for-
Fair Self-
stic/ov mic trading
603175.SH 19999997.00 value 69038514.00 26321153.00 0.00 0.00 0.00 26508507.00 95359667.00 fund
erseas Electr financial
method ed
stock onics assets
Dome 688809.SH Maxo 44783718.00 Fair 114950525.00 175659384.00 0.00 0.00 0.00 176185694.00 290609909.00 Held-for- Self-
19BOE Technology Group Co. Ltd. Interim Report 2026
stic/ov ne value trading fund
erseas method financial ed
stock assets
Dome Held-for-
Fair Self-
stic/ov Shua trading
001369.SZ 99999999.00 value 225644698.00 -41595065.00 0.00 0.00 0.00 -39405284.00 184049633.00 fund
erseas ngxin financial
method ed
stock assets
Dome Held-for-
Viewtr Fair Self-
stic/ov trading
03310.HK ix 344607589.00 value 344607589.00 52093790.00 0.00 0.00 0.00 52093790.00 396701379.00 fund
erseas financial
Tech method ed
stock assets
Dome Held-for-
Fair Self-
stic/ov trading
001399.SZ HKC 606895447.00 value 1161473530.00 1756272614.00 0.00 0.00 0.00 1756272614.00 2917746144.00 fund
erseas financial
method ed
stock assets
Other
Dome Bank
Fair equity Self-
stic/ov of
01963.HK 120084375.00 value 178635732.00 0.00 39876786.00 0.00 0.00 7135431.00 159961161.00 instrument fund
erseas Chong
method investmen ed
stock qing
t
Other securities investments
255562696.00--154462608.000.00-166975793.000.000.000.0088586903.00----
held at the period-end
Total 1855730869.00 -- 2748986616.00 2397041698.00 -127099007.00 0.00 122381409.00 2411436911.00 4939096629.00 -- --
(2) Investments in Derivative Financial Instruments
□ Applicable □ Not applicable
No such cases in the Reporting Period.
5. Use of Funds Raised
□ Applicable □ Not applicable
20BOE Technology Group Co. Ltd. Interim Report 2026
(1) Overall Use of Funds Raised
□ Applicable □ Not applicable
Unit: RMB’0000
Funds
Funds used as % Total
Accumulative idle
Securities Total Total funds Accumulati of net proceeds repurposed Accumulative Total The purpose and
Way of Net repurposed for
Year listing funds used in the ve funds as of the period- funds in repurposed unused whereabouts of
raising proceeds (1) funds as % of over
date raised current period used (2) end (3) = (2) / the current funds funds unused funds
net proceeds two
(1) period
years
Public
28
offering of
2026 January 100000 100000 100000 100000 100.00% 0 0 0.00% 0 - 0
corporate
2026
bonds
Proposed for capital
contribution to
Public
subsidiaries engaged
offering of 24 March
2026 100000 100000 30000 30000 30.00% 0 0 0.00% 70000 in technological 0
corporate 2026
innovation; currently
bonds
deposited in the
raised funds account
Total -- -- 200000 200000 130000 130000 65.00% 0 0 0.00% 70000 -- 0
Explanation of overall use of funds raised:
During the Reporting Period the Company raised funds of RMB2 billion through corporate bond issuances which are intended to replace self-owned funds invested in equity investments in the
technological innovation sector within 12 months prior to the issuances and make capital contributions to subsidiaries engaged in technological innovation. As at the end of the Reporting Period
RMB1.3 billion of the raised funds had been utilized. Among them raised funds of 26BOEK1 in the amount of RMB1 billion and raised funds of 26BOEK2 in the amount of RMB300 million
were used to replace self-owned funds for equity investments in the technological innovation sector within 12 months prior to the respective issuances all in compliance with the purposes stipulated
in the bond prospectuses. As at the disclosure date of Interim Report 2026 the unused raised funds of 26BOEK2 amounting to RMB700 million were fully utilized for capital contributions to
subsidiaries engaged in technological innovation.
（2） Commitment Projects of Fund Raised
□ Applicable □ Not applicable
21BOE Technology Group Co. Ltd. Interim Report 2026
Unit: RMB’0000
Investmen Date of Accumula Whether
Changed Commit Investmen Accumulative Realized Whether
Securi Committed Investment t schedule reaching tive occurred
Projec or not ted t amount investment income in reached
ties investment project amount after as the intended income as significant
Financing project t (including investm in the amount as of the anticipat
listing and over-raised adjustment period- use of of the changes
nature partial ent Reporting the period-end Reporting ed
date fund arrangement (1) end (3)＝ the period- in project
changes) amount Period (2) Period income
(2)/(1) project end feasibility
Committed investment project
Replace self-
The Public Offering
owned funds used
of Technological
28 for equity
Innovation
Januar investment in the Invest
Corporate Bonds No 100000 100000 100000 100000 100.00% - - - N/A No
y technological ment
(First Tranche) in
2026 innovation sector
2026 to Professional
within 12 months
Investors
prior to issuance
Replace self-
The Public Offering
owned funds used
of Technological
for equity
Innovation 24
investment in the Invest
Corporate Bonds March No 30000 30000 30000 30000 100.00% - - - N/A No
technological ment
(Second Tranche) in 2026
innovation sector
2026 to Professional
within 12 months
Investors
prior to issuance
The Public Offering
Make capital
of Technological
contributions to
Innovation 24
subsidiaries Invest
Corporate Bonds March No 70000 70000 0 0 0.00% - - - N/A No
engaged in ment
(Second Tranche) in 2026
technological
2026 to Professional
innovation
Investors
Subtotal of committed investment project -- 200000 200000 130000 130000 -- -- - - -- --
Over-raised funds arrangement
N/A - - - - - - - - - - - - - -
Repayment of bank loans (if any) -- 0 0 0 0 0.00% -- -- -- -- --
Replenishment of working capital (if any) -- 0 0 0 0 0.00% -- -- -- -- --
22BOE Technology Group Co. Ltd. Interim Report 2026
Subtotal of super raised funds arrangement -- 0 0 0 0 -- -- - - -- --
Total -- 200000 200000 130000 130000 -- -- - - -- --
Describe project by project
any failure to meet the
schedule or anticipated
The stipulated purposes of funds raised via 26BOEK1 and 26BOEK2 help the Company deepen its core business expand competitive advantages strengthen debt repayment
income as well as the reasons
capacity and improve financial position. The anticipated benefit indicator is marked N/A because the raised funds do not directly generate economic benefits.(including reasons for
inputting “N/A” for “Whetherreached anticipated income”)
Notes of condition of
significant changes occurred N/A
in project feasibility
Amount purpose and
N/A
schedule of over-raised fund
Unauthorized change of the
purpose of raised funds or
N/A
illegal occupation of raised
funds
Changes in implementation
N/A
address of investment project
Adjustment of
implementation mode of N/A
investment project
Advance investments in Applicable
projects financed with raised
As at the end of the Reporting Period raised funds of 26BOEK1 in the amount of RMB1 billion were used to replace self-owned funds deployed for equity investments in the
funds and swaps of such
technological innovation sector within 12 months prior to issuance; raised funds of 26BOEK2 in the amount of RMB300 million were used to replace self-owned funds deployed
advance investments with
for equity investments in the technological innovation sector within 12 months prior to issuance.subsequent raised funds
Idle funds replenishing the
N/A
working capital temporarily
Amount of surplus in project Applicable
implementation and the
As at the end of the Reporting Period the remaining raised funds amounted to RMB700 million representing the unused raised funds from corporate bond 26BOEK2.reasons
Purpose and whereabouts of As at the end of the Reporting Period the unused raised funds of 26BOEK2 amounted to RMB700 million which were intended for capital contributions to subsidiaries engaged in
23BOE Technology Group Co. Ltd. Interim Report 2026
unused funds technological innovation and deposited in the raised funds account. As at the disclosure date of Interim Report 2026 the unused raised funds of 26BOEK2 in the amount of
RMB700 million had been fully utilized for capital contributions to subsidiaries engaged in technological innovation.Problems incurred in fund
using and disclosure or other N/A
condition
(3) Re-purposed Raised Funds
□ Applicable □ Not applicable
No such cases in the Reporting Period.VII Sale of Major Assets and Equity Interests
1. Sale of Major Assets
□ Applicable □ Not applicable
No such cases in the Reporting Period.
2. Sale of Major Equity Interests
□ Applicable □ Not applicable
VIII Main Controlled and Joint Stock Companies
□ Applicable □ Not applicable
Main subsidiaries and joint stock companies with an over 10% influence on the Company’s net profit
Unit: RMB
Relationship
Name with the Principal activities Registered capital Total assets Net assets Operating revenue Operating profit Net profit
Company
Chongqing R&D Production and sales
BOE Subsidiary of semi-conductor display 3845200000.00 45252704730.00 37413687731.00 7239933112.00 1951923120.00 1673437954.00
Optoelectronics device complete machine
24BOE Technology Group Co. Ltd. Interim Report 2026
Technology and relevant products;
Co. Ltd. import and export business
and technology consulting
of goods.Investment construction
Hefei Xinsheng
R&D Production and sales
Optoelectronics
Subsidiary of relevant products of TFT- 9750000000.00 29233007553.00 20022974378.00 12113345382.00 1074187841.00 903887039.00
Technology
LCD and its matching
Co. Ltd.products.Investment construction
Fuzhou BOE
R&D Production and sales
Optoelectronics
Subsidiary of relevant products of TFT- 17600000000.00 29487958297.00 26058445063.00 5772179493.00 1206555343.00 1038032080.00
Technology
LCD and its matching
Co. Ltd.products.Subsidiaries obtained or disposed in this Reporting Period
□ Applicable □ Not applicable
Name of subsidiary How the subsidiary was acquired or disposed of Effects on the overall operations and performance
Six companies including Suzhou BOE Drive Technology Co. Ltd. Incorporated with investment No significant effects
Three companies including Beijing BOE Semiconductor Co. Ltd. De-registered No significant effects
Information about major majority- and minority-owned subsidiaries: N/A
IX Structured Bodies Controlled by the Company
□ Applicable □ Not applicable
25BOE Technology Group Co. Ltd. Interim Report 2026
X Risks Facing the Company and Countermeasures
In the first half of 2026 the global economic recovery diverged multiple external uncertainties intensified overall growth momentum
was relatively weak and development prospects were under pressure. At the industry chain level the price of memory chips rose
sharply due to the imbalance between supply and demand pushing up the comprehensive cost of end devices and continuously
compressing the profit margins of the industry chain. At the industry level the display industry entered a period of structural adjustment
market competition became increasingly fierce and product technology iteration accelerated continuously bringing operational
pressure to display manufacturers.Facing a market environment where opportunities and challenges coexist the Company has taken proactive measures and responded
systematically. First upholding the strategic guidance of "Empower IoT with Display" the Company has insisted on customer
orientation continuously improved its global layout and continuously deepened cooperation with global customers. Second adhering
to innovation-driven development the Company has maintained high-intensity R&D investment and comprehensively deepened the
integrated application of AI technology in product R&D and operational management. Third the Company has continuously
strengthened the resilience of the industry chain steadily built a safe healthy and sustainable supply chain guarantee system and
enhanced the risk resistance capacity of the supply chain. At the same time the Company will continuously deepen internal lean
management and always use corporate culture to build cohesion and unite as one comprehensively enhancing the Company's
operational resilience and shock resistance capacity.XI Formulation and Implementation of Market Value Management Rules and Valuation
Enhancement Plan
Indicate whether the Company has formulated market value management rules.□ Yes □ No
Indicate whether the Company has disclosed a valuation enhancement plan.□ Yes □ No
In order to effectively strengthen investment value and enhance investor returns in accordance with the Company Law the Securities
Law Regulatory Guideline No. 10 for Listed Companies—Market Value Management and other applicable laws and regulations the
Company has formulated the Market Value Management Rules which was reviewed and approved at the Fourth Meeting of the 11th
Board of Directors of the Company on 18 April 2025.XII Implementation of the Action Plan for “Dual Enhancement of Quality and Profitability”
Indicate whether the Company has disclosed its Action Plan for “Dual Enhancement of Quality and Profitability”.□ Yes □ No
In adherence to the “investor-centric” ethos of listed entities and to protect the interests of all shareholders the Company imbued withconfidence in its future prospects and recognizing its inherent value released the Action Plan for “Dual Enhancement of Quality andProfitability” on 28 February 2024. This Plan devised in line with the Company’s overarching strategic blueprint aims to consistently
bolster its core strengths and elevate both the Company’s quality and investment worth. Here are the specific implementation measures:
1. Adhere to “Strategic Guidance”
BOE is committed to providing intelligent interface products and professional services for information interaction and human health.Based on its IoT strategic transformation the Company has proposed the “Empower IoT with Display” strategy to adapt to the
development of the times and established a “1+4+N+Ecosystem” business development structure to comprehensively promote the
execution and implementation of the strategy. Among these “1” refers to the display business in which the Company will focus on
26BOE Technology Group Co. Ltd. Interim Report 2026
high-quality development enhanced internal capabilities and lean management ensuring that its industry position will remain firmly
among the global leaders. “4” represents high-potential business sectors where the Company will continuously enhance core capability
building and resource reuse significantly improving its overall market competitiveness. “N” points to the diversified segmented
business scenarios where the Company will continue to explore advantageous sectors with several industry benchmarks that are
“specialized sophisticated distinctive and innovative” already created.Going forward the Company will consistently adhere to the “Nth Curve” theory as a guide firmly implement the “Empower IoT withDisplay” development strategy and follow the “Three Principles” of business expansion. Relying on three core advantages we will
continuously improve the “1+4+N+Ecosystem” business development structure. While consolidating our leading position in display
we will accelerate the exploration of innovative businesses promote the maximization of resource reuse and achieve high-quality
business growth providing good returns to our shareholders.
2. Uphold “Innovation as the Primary Driver”
The Company always upholds respect for technology and commitment to innovation and maintains continuous R&D investment in
the global display industry laying a solid foundation for consolidating its innovative strength and technological leadership as an
industry leader. In addition the Company has continued to strengthen its high-quality patent portfolio. As of 30 June 2026 the total
number of patent applications exceeded 100000. Among the newly filed patent applications during the year more than 90% were
invention patents and over 33% were overseas patents covering multiple countries and regions including the United States Europe
Japan and South Korea and spanning diverse fields such as flexible OLED sensors AI and big data. The Company has entered the
global TOP20 in the IFI U.S. patent authorization ranking for eight consecutive years. In addition it has been selected for five straight
years and remained among the Top 100 Global Innovators by Clarivate Analytics. The Company actively responds to the development
requirements of new quality productivity by constructs three core technology pillars—display IoT innovation and sensor devices.With the core objective of overcoming significant technical challenges in the industry we have formulated development strategies for
key source directions planned the technology ecosystem network and completed the top-level design of collaborative innovation with
upstream and downstream partners as well as industry-university-research cooperation. We have already achieved the implementation
of several collaborative results.Moving forward the Company will persistently uphold “innovation as the primary driver” dynamically matching technological
capabilities with market demands and leveraging technological iterations to facilitate the implementation of diversified ecological
scenarios. At the same time we will continuously strengthen resource investment and the efficiency of industry-university-research
integration deepen industry-university-research cooperation and persistently tackle core technologies to lay a foundation for building
industry-leading technological and innovation capabilities.
3. Maintain “Ethical and Top-Quality Corporate Governance”
The Company strictly complies with laws regulations and relevant normative documents continuously optimizes its governance
structure improves the internal institutional system refines the systems governing the shareholders' general meeting the board of
directors and other bodies and strengthens accountability for the "key minority". To implement relevant requirements of the Code of
Corporate Governance for Listed Companies the Company has formulated the Measures for Remuneration Administration of Directors
and Senior Management to further improve internal governance and promote standardized operation.The Company advances corporate governance initiatives in various aspects strictly enforces accountability for the "key minority"
including controlling shareholders actual controllers directors and senior management enhances the capacity of directors and senior
management to perform duties and raises their awareness of compliance and accountability. Through various performance approaches
independent directors are enabled to fully exercise their roles in participating in decision-making exercising supervision and checks
and providing professional consultation in corporate governance so as to effectively protect the legitimate rights and interests of
investors especially minority investors.
27BOE Technology Group Co. Ltd. Interim Report 2026
During the Reporting Period the Company's governance was sound and its operational compliance level was high. Moving forward it
will abide by the principles of “integrity standardization transparency and responsibility” regulate itself and continuously improve
the level of governance.
4. Conduct transparent and efficient information disclosure
So far the Company has achieved 10 straight years of Grade A ratings for information disclosure by the Shenzhen Stock Exchange.Upholding strict adherence to legal and regulatory requirements the Company abides by the “accuracy completeness and truthfulness”
principle in disclosing information catering to investor needs and actively fulfilling social responsibilities. The Company bolsters
information disclosure transparency. Moving forward it will further enhance disclosure quality effectively communicate corporate
value and strive to provide a sound basis for investors’ valuation judgments and interest protection.
5. Contribute to “Coexistence and Win-Win with Investors”
The Company persists in showing gratitude to shareholders for their long-standing support through consistent share repurchases and
cash dividends as a way to fulfill its obligations as a public company. In order to establish and improve the shareholder return
mechanism actively pay back to investors and effectively protect the legitimate rights and interests of investors the Company has
formulated the Shareholder Return Plan for the Next Three Years (2025-2027) in accordance with relevant rules and the requirements
of the Articles of Association taking into account the Company's actual situation. In 2025 the Company implemented the 2024 final
dividend payout of approximately RMB1.87 billion in cash; and it carried out an A-stock repurchase plan of over RMB1.5 billion and
all repurchased shares have been retired reducing the Company's registered capital. In 2026 the Company completed the 2025 annual
equity distribution with cash dividend of approximately RMB2.07 billion. Meanwhile the Company’s share repurchase plan moved
forward in an orderly manner. As at 31 July 2026 through the special securities account for share repurchase the Company repurchased
its own shares via centralized bidding for the purpose of reducing registered capital including a total of 85892600 A-shares and
85042543 B-shares. The Company persists in a proactive professional and diverse approach to investor relations management and
continuously make innovations in the way it communicates with investors. For institutional investors it maintains close ties with the
market through institutional investor visits securities firms’ investment conferences reverse roadshows for institutional investors
2026 BOE Investor Day among other means. For small and medium-sized investors the Company capitalizes on various platforms
including Shareholders’ Meetings online result presentations Shenzhen Stock Exchange’s platform at irm.cninfo.com.cn investor
hotline and IR email address to engage actively and respond to queries gather feedback and facilitate rights exercise. Moving forward
the Company will continue to implement the Shareholder Return Plan for the Next Three Years (2025-2027). Adhering to the
“investor-centric” philosophy it will continuously improve investor returns fulfill the responsibilities and obligations as a public
company and jointly promote the healthy development of the capital market.
28BOE Technology Group Co. Ltd. Interim Report 2026
Part IV Governance Environmental and Social Information
I Change of Directors and Senior Management
□ Applicable □ Not applicable
Name Office title Type of change Date of change Reason for change
Independent Resigning upon Personal reasons (six-year term
Tang Shoulian 24 April 2026
Director expiration of term expired)
Independent
Hu Xiaolin Elected 24 April 2026 --
Director
Ye Feng Director Resigning 29 April 2026 Retirement
Guo Chuan Director Resigning 12 August?2026 Work?related needs
II Interim Dividend Plan
□ Applicable □ Not applicable
The Company has no interim dividend plan either in the form of cash or stock.III Equity Incentive Plans Employee Stock Ownership Plans or Other Incentive Measures for
Employees
□ Applicable □ Not applicable
1. Equity incentives
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 Scheme and the
Restricted Stock Incentive Scheme. 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 and the conditions for the
exercise of the third exercise period of the stock options reserved for grant under the 2020 Stock Option and Restricted Stock Incentive
Plan of the Company were met. 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. The Company disclosed the Announcement on Adjustment of the Exercise Price
of Stock Options and Repurchase Price of Restricted Stocks (Announcement No.: 2026-064) on 7 July 2026. On 24 April 2026 the
2025 Annual Meeting of Shareholders deliberated and approved the 2025 Profit Distribution Proposal and the Company implemented
the 2025 annual equity distribution to shareholders on 18 June 2026 by distributing cash dividend of RMB0.56 for every 10 shares
held. In accordance with relevant provisions of the 2020 Stock Option and Restricted Stock Incentive Scheme (Draft) of BOE
Technology Group Co. Ltd. and the authorization granted by the 2nd Extraordinary Meeting of Shareholders of 2020 the exercise
price of reserved and granted stock options under the 2020 Stock Option and Restricted Stock Incentive Scheme of the Company was
adjusted to RMB5.423 per option. The Company disclosed the Announcement on Centralized Exercise Results for the Third Exercise
Period of Reserved and Granted Stock Options under the 2020 Stock Option and Restricted Stock Incentive Scheme on 24 July 2026
29BOE Technology Group Co. Ltd. Interim Report 2026
(Announcement No.: 2026-067). Among the incentive recipients eligible to exercise the reserved options a total of 56 incentive
recipients elected to exercise options and the number of exercisable stock options amounted to 5446518 accounting for 0.01% of the
Company’s total share capital.
2. The Company convened the 12th Meeting of the 11th Board of Directors and the 2025 Annual Meeting of Shareholders on 30 March
2026 and 24 April 2026 respectively which deliberated and approved the Proposal on the 2026 Restricted Stock Incentive Scheme
(Draft) and its Summary and other proposals relating to equity incentives. The Company intends to implement the restricted stock
incentive scheme. The underlying shares shall be RMB ordinary A-shares repurchased by the Company from the secondary market.The number of restricted shares proposed to be granted to incentive recipients amounts to 1022371000 shares representing
approximately 2.76% of the Company’s total share capital of 37044328064 shares as at the announcement date of the draft incentive
scheme.The Company disclosed the Announcement on Adjustment to the List of Incentive Recipients and Number of Equity to be Granted
under the 2026 Restricted Stock Incentive Scheme (Announcement No.: 2026-052) and the Announcement on the First Grant of
Restricted Shares to Incentive Recipients under the 2026 Restricted Stock Incentive Scheme (Announcement No.: 2026-053) on 30
May 2026. The grant date of this incentive scheme was determined as 29 May 2026 and 975011500 restricted shares were granted
for the first time to 3265 incentive recipients. The Company disclosed the Announcement on Completion of Registration for the First
Grant under the 2026 Restricted Stock Incentive Scheme (Announcement No.: 2026-055) on 10 June 2026. The registration work for
the first grant has been completed and the listing date for the restricted shares granted in the first tranche was 9 June 2026. The
Company disclosed the Announcement on Adjustment of the Exercise Price of Stock Options and Repurchase Price of Restricted
Stocks (Announcement No.: 2026-064) on 7 July 2026. On 24 April 2026 the 2025 Annual Meeting of Shareholders deliberated and
approved the 2025 Profit Distribution Proposal and the Company implemented the 2025 annual equity distribution to shareholders on
18 June 2026 by distributing cash dividend of RMB0.56 for every 10 shares held. In accordance with relevant provisions of the 2026
Restricted Stock Incentive Scheme (Draft) of the Company and the authorization from the general meeting of shareholders the
repurchase price of restricted shares under the 2026 Restricted Stock Incentive Scheme of the Company was adjusted to RMB2.054
per share.
2. Implementation of Employee Stock Ownership Plans
□ Applicable □ Not applicable
3. Other Incentive Measures for Employees
□ Applicable □ Not applicable
IV Environmental Information Disclosure
Indicate whether the listed company or any of its major subsidiaries is included in the list of companies that are required by law to
disclose environmental information.□ Yes □ No
Number of companies included in the list of companies that
20
are required by law to disclose environmental information
No. Company Index to the report on required environmental information
The 2025 Annual Report on Required Environmental Information
disclosed by the Company through the system of required
1 BOE Technology Group Co. Ltd.
environmental information of enterprises (Beijing)
(https://hjxxpl.bevoice.com.cn:8002/home) in February 2026
Beijing BOE Optoelectronics Technology Co. The 2025 Annual Report on Required Environmental Information
2
Ltd. disclosed by the company through the system of required
30BOE Technology Group Co. Ltd. Interim Report 2026
environmental information of enterprises (Beijing)
(https://hjxxpl.bevoice.com.cn:8002/home) in February 2026
The 2025 Annual Report on Required Environmental Information
disclosed by the company through the system of required
Chengdu BOE Optoelectronics Technology Co.
3 environmental information of enterprises (Sichuan)
Ltd. (B2)
(https://103.203.219.138:8082/eps/index/enterprise-search) in
February 2026
The 2025 Annual Report on Required Environmental Information
disclosed by the company through the system of required
4 Hefei BOE Optoelectronics Technology Co. Ltd. environmental information of enterprises (Anhui)
(https://39.145.37.16:8081/zhhb/yfplpub_html/#/home) in March
2026
The 2025 Annual Report on Required Environmental Information
disclosed by the company through the system of required
5 Beijing BOE Display Technology Co. Ltd.
environmental information of enterprises (Beijing)
(https://hjxxpl.bevoice.com.cn:8002/home) in February 2026
The 2025 Annual Report on Required Environmental Information
disclosed by the company through the system of required
Hefei Xinsheng Optoelectronics Technology Co.
6 environmental information of enterprises (Anhui)
Ltd.(https://39.145.37.16:8081/zhhb/yfplpub_html/#/home) in February
2026
The 2025 Annual Report on Required Environmental Information
disclosed by the company through the system of required
environmental information of enterprises (Inner Mongolia)
(http://111.56.142.62:40010/support-yfpl-
7 Ordos Yuansheng Optoelectronics Co. Ltd.
web/web/viewRunner.htmlviewId=http://111.56.142.62:40010/sup
port-yfpl-
web/web/sps/views/yfpl/views/yfplHomeNew/index.js&cantonCod
e=150000) in February 2026
The 2025 Annual Report on Required Environmental Information
disclosed by the company through the system of required
Chengdu BOE Optoelectronics Technology Co.
8 environmental information of enterprises (Sichuan)
Ltd. (B7)
(https://103.203.219.138:8082/eps/index/enterprise-search) in
February 2026
The 2025 Annual Report on Required Environmental Information
disclosed by the company through the system of required
Chongqing BOE Optoelectronics Technology
9 environmental information of enterprises (Chongqing)
Co. Ltd.(http://183.66.66.47:10001/eps/index/enterprise-search) in
February 2026
The 2025 Annual Report on Required Environmental Information
disclosed by the company through the system of required
10 Hefei BOE Display Technology Co. Ltd. environmental information of enterprises (Anhui)
(https://39.145.37.16:8081/zhhb/yfplpub_html/#/home) in January
2026
The 2025 Annual Report on Required Environmental Information
disclosed by the company through the system of required
Fuzhou BOE Optoelectronics Technology Co.
11 environmental information of enterprises (Fujian)
Ltd.(http://220.160.52.213:10053/idp-province/#/enterprise-overview)
in February 2026
The 2025 Annual Report on Required Environmental Information
disclosed by the company through the system of required
Mianyang BOE Optoelectronics Technology Co.
12 environmental information of enterprises (Sichuan)
Ltd.(https://103.203.219.138:8082/eps/index/enterprise-search) in
March 2026
The 2025 Annual Report on Required Environmental Information
13 Chongqing BOE Display Technology Co. Ltd. disclosed by the company through the system of required
environmental information of enterprises (Chongqing)
31BOE Technology Group Co. Ltd. Interim Report 2026
(http://183.66.66.47:10001/eps/index/enterprise-search) in January
2026
The 2025 Annual Report on Required Environmental Information
disclosed by the company through the system of required
Wuhan BOE Optoelectronics Technology Co.
14 environmental information of enterprises (Hubei Province)
Ltd.(http://219.140.164.18:8007/hbyfpl/frontal/index.html#/home/inde
x) ) in March 2026
The 2025 Annual Report on Required Environmental Information
disclosed by the company through the system of required
environmental information of enterprises (Jiangsu)
(http://ywxt.sthjt.jiangsu.gov.cn:18181/spsarchive-
15 Nanjing BOE Display Technology Co. Ltd.
webapp/web/viewRunner.htmlviewId=http://ywxt.sthjt.jiangsu.go
v.cn:18181/spsarchive-
webapp/web/sps/views/yfpl/views/yfplHomeNew/index.js) in
February 2026
The 2025 Annual Report on Required Environmental Information
disclosed by the company through the system of required
16 Chengdu BOE Display Technology Co. Ltd. environmental information of enterprises (Sichuan)
(https://103.203.219.138:8082/eps/index/enterprise-search) in
February 2026
The 2025 Annual Report on Required Environmental Information
disclosed by the company through the system of required
17 Hefei BOE Ruisheng Technology Co. Ltd. environmental information of enterprises (Anhui)
(https://39.145.37.16:8081/zhhb/yfplpub_html/#/home) in February
2026
The 2025 Annual Report on Required Environmental Information
disclosed by the company through the system of required
18 Hefei BOE Hospital Co. Ltd. environmental information of enterprises (Anhui)
(https://39.145.37.16:8081/zhhb/yfplpub_html/#/home) in February
2026
The 2025 Annual Report on Required Environmental Information
disclosed by the company through the system of required
19 Chengdu BOE Hospital Co. Ltd. environmental information of enterprises (Sichuan)
(https://103.203.219.138:8082/eps/index/enterprise-search) in
March 2026
The 2025 Annual Report on Required Environmental Information
disclosed by the company through the system of required
environmental information of enterprises (Jiangsu)
(http://ywxt.sthjt.jiangsu.gov.cn:18181/spsarchive-
20 Suzhou BOE Hospital Co. Ltd.
webapp/web/viewRunner.htmlviewId=http://ywxt.sthjt.jiangsu.go
v.cn:18181/spsarchive-
webapp/web/sps/views/yfpl/views/yfplHomeNew/index.js) in
March 2026
V Social Responsibility
Guided by the "Empower IoT with Display" strategy and the "Nth Curve" theory and with sustainable development as the core driving
force BOE has anchored in the vision of "To Be the Most Respected Company on Earth". Six strategic pillars of sustainable
development have been established i.e. "Open Innovation Environmental Sustainability Win-Win Ecosystem People-Oriented
Development Integrity-based Operation and Value Creation for the Future". The concept of sustainable development has been
embedded into the governance structure. Meanwhile BOE released "ONE" (Open Next Earth) the first sustainable development brand
in China's display industry. Guided by the concept of "Open Next Earth" BOE has built a "strategy organization and brand" three-in-
one sustainable development system driving the Company's transition from a "leader in technological innovation" to a "builder of a
sustainable ecosystem" and realizing dual internal and external value.
32BOE Technology Group Co. Ltd. Interim Report 2026
Supported by this series of top-level designs and mechanisms BOE continues to make precise efforts in multiple dimensions such as
society innovation and environment. The specific practical achievements are as follows:
OPEN: With an open and inclusive attitude BOE works hand in hand with global partners to build an integrated and symbiotic
industrial ecosystem and is committed to promoting the continuous progress of human society through technology sharing and
collaborative development. In the field of education: As of June 2026 BOE as the first Chinese technology enterprise to support
UNESCO's "Decade of Sciences" initiative has cumulatively covered and benefited over 5000 students in Kenya through the
"Windows to STEM" project. The science club network supported by BOE has covered 322 clubs in 40 countries worldwide. In the
field of rural revitalization: In the first half of 2026 the amount of consumption assistance achieved through catering ingredients was
approximately RMB20.96 million.NEXT: BOE always upholds "respect for technology and persistence in innovation" plans for the future with a forward-looking
perspective promotes breakthroughs in display technology and redefines technological value with the "Empower IoT with Display"
strategy to realize the infinite possibilities of sustainable development.EARTH: Through six pathways—"green management green products green manufacturing green recycling green investment and
green actions" BOE has built a closed-loop green development system covering the entire life cycle of business and products and
achieved a full-chain green transformation from R&D to manufacturing and from products to operations. As of June 2026 the
cumulative capacity of self-owned power stations reached 770 MW with an annual green power supply capacity of approximately 990
million kWh. There were about 30 energy-saving and entrusted investment projects saving about 100 million kWh of electricity
annually. The Company has contracted 4 million mu of forest and grass carbon sinks. Its energy technology company provides one-
stop zero-carbon services to boost customers' green and sustainable development. On 5 June 2026 BOE released the Green
Development White Paper committed to transforming sustainable development into an internal driving force for long-term value and
industry leadership providing a green development paradigm reference for Chinese enterprises. Meanwhile in the first half of 2026
BOE continued to focus on green low-carbon and sustainable development taking multiple measures to promote energy conservation
carbon reduction and green sustainable development with remarkable results. Great efforts were made to deeply tap into energy
conservation and consumption reduction and lower operational carbon emission costs. A total of 541 energy?saving initiatives for
residential quarters were systematically rolled out. From January to June energy consumption expenses were reduced by
RMB4360000 and carbon dioxide emissions were reduced by 4036 tons. BOE innovated sustainable integration scenarios improved
long-term management mechanisms and implemented a dual-track incentive model of dormitory safety points and public welfare
carbon coin exchange to improve administrative efficiency and promote full-staff participation through integrated management. The
green action point system promoted full-staff low-carbon actions iterated the digital low-carbon management platform around carbon
inclusion and optimized and developed the core functions of point redemption and mall-based exchange. As of 30 June 2026 the
system exposure reached 2949000 with a cumulative 90000 participants and 3036800 actions. A total of 7961000 carbon coins
were issued with an exchange rate of 37.59%. The employee low-carbon participation rate reached 60% and a cumulative 4496.92
tons of carbon dioxide were reduced. Moreover BOE enriched green publicity practices created a full-scenario low-carbon atmosphere
and built a diversified publicity system. Six sessions of “Together?for?Green Mini-Class” were held and three issues of "Green Show"
and three green administrative cases were released. With respect to afforestation initiatives in collaboration with various entities 616
trees of 31 varieties were planted cumulatively which can absorb 11.27 tons of carbon dioxide. Low-carbon check-in challenges were
organized for the World Earth Day World Environment Day and National Energy-Saving Publicity with a cumulative carbon
reduction of 3.41 tons from these activities equivalent to the total annual carbon sequestration of 187 broad-leaved trees. Multiple
measures were taken to build a sound environment for all-around low-carbon development.Looking to the future BOE will continue to be guided by the "Empower IoT with Display" strategy adhere to the "Open Next Earth"
sustainable development brand concept actively fulfill its corporate social responsibility and work with stakeholders to co-create a
low-carbon future leading the industry to comprehensively stride toward an upgraded path of sustainable development.
33BOE Technology Group Co. Ltd. Interim Report 2026
Part V Significant Events
1. Commitments of the Company’s Actual Controller Shareholders Related Parties and
Acquirers as well as the Company Itself and other Entities Fulfilled in the Reporting Period or
Ongoing at the Period-end
□ Applicable □ Not applicable
Date of
Type of Term of
Commitment Promisor Details of commitment commitment Fulfillment
commitment commitment
making
Commitments made
------
in share reform
Commitments made
in acquisition
documents or - - - - - -
shareholding
alteration documents
Commitments made
in time of asset - - - - - -
restructuring
Commitments made
in time of IPO or - - - - - -
refinancing
Equity incentive
------
commitments
In accordance with the
Announcement on the
Commitments of not Reducing
the Shareholding by Some
Directors Supervisors and Senior
Management (No.: 2020-001)
disclosed by the Company on 22
February 2020 some of the
Company’s directors supervisors
The Chairman
and senior managers based on
of the Board: During the their confidence in the
Mr. Chen term as Company’s future development
director
Yanshun; and their recognition of the
supervisor
Director: Ms. corporate value promise not to
or senior
Feng Liqiong; reduce or transfer any shares held manager
Former Vice in BOE (A shares) not to entrust Other commitments and in six
Other others to manage specific shares 21 February
made to minority Chairman of months after Ongoing
commitments not to authorize others to execute 2020
interests the Board: Mr. the their voting right by means of any
Gao Wenbao; expiration agreement trust or other
of the term
Former arrangements and not to require
(the term
Supervisor: the Company to repurchase any determined
Mr. Xu specific shares during the terms of when taking
office and within 6 months after
Yangping and office).their tenures expire so as to
Mr. Yan Jun promote the Company’s
continuous stable and healthy
development and maintain the
rights and interests of the
Company and all shareholders.For any newly-added shares
derived from the assignment of
rights and interests including the
share donation and the reserved
34BOE Technology Group Co. Ltd. Interim Report 2026
funds converted into share capital
during the period (corresponding
to the specific shares) they shall
still keep their promises till the
commitment period expires.Other commitments -
Executed on time or
Yes
not
Specific reasons for
failing to fulfill
commitments on time N/A
and plans for next
step (if any)
II Occupation of the Company’s Capital by the Controlling Shareholder or any of Its Related
Parties for Non-Operating Purposes
□ Applicable □ Not applicable
No such cases in the Reporting Period.III Irregularities in the Provision of Guarantees
□ Applicable □ Not applicable
No such cases in the Reporting Period.IV Engagement and Disengagement of Independent Auditor
Are the interim financial statements audited
□ Yes □ No
The interim financial statements have not been audited.V Explanations Given by the Board of Directors Regarding the Independent Auditor's
“Modified Opinion” on the Financial Statements of the Reporting Period
□ Applicable □ Not applicable
VI Explanations Given by the Board of Directors Regarding the Independent Auditor's
“Modified Opinion” on the Financial Statements of Last Year
□ Applicable □ Not applicable
VII Insolvency and Reorganization
□ Applicable □ Not applicable
No such cases in the Reporting Period.
35BOE Technology Group Co. Ltd. Interim Report 2026
VIII Legal Matters
Significant lawsuits and arbitrations:
□ Applicable □ Not applicable
No such cases in the Reporting Period.Other legal matters:
□ Applicable □ Not applicable
Involved Index to
General Decisions Execution of Disclosure
amount Provision Progress disclosed
information and effects decisions date
(RMB’0000) information
Total unclosed
34766.33 No N/A N/A N/A N/A N/A
cases
IX Punishments and Rectifications
□ Applicable □ Not applicable
No such cases in the Reporting Period.X Credit Quality of the Company as well as its Controlling Shareholder and De Facto
Controller
□ Applicable □ Not applicable
XI Major Related-Party Transactions
1. Continuing Related-Party Transactions
□ Applicable □ Not applicable
No such cases in the Reporting Period.
2. Related-Party Transactions Regarding Purchase or Sales of Assets or Equity Interests
□ Applicable □ Not applicable
No such cases in the Reporting Period.
3. Related Transactions Regarding Joint Investments in Third Parties
□ Applicable □ Not applicable
No such cases in the Reporting Period.
4. Amounts Due to and from Related Parties
□ Applicable □ Not applicable
No such cases in the Reporting Period.
36BOE Technology Group Co. Ltd. Interim Report 2026
5. Transactions with Related Finance Companies
□ Applicable □ Not applicable
The Company did not make deposits in receive loans or credit from and was not involved in any other finance business with any
related finance company or any other related parties.
6. Transactions with Related Parties by Finance Companies Controlled by the Company
□ Applicable □ Not applicable
The finance company controlled by the Company did not make deposits receive loans or credit from and was not involved in any other
finance business with any related parties.
7. Other Major Related-Party Transactions
□ Applicable □ Not applicable
1. The Company held the 12th Meeting of the 11th Board of Directors on 30 March 2026 at which the Announcement on Estimated
Continuing Related-party Transactions for 2026 was approved. For details please refer to the relevant announcement disclosed by the
Company on www.cninfo.com.cn.Index to the public announcements about the said related-party transactions disclosed
Title of public announcement Disclosure date Disclosure website
Announcement on Estimated Continuing Related-
1 April 2026 www.cninfo.com.cn
party Transactions for 2026
XII Major Contracts and Execution thereof
1. Entrustment Contracting and Leases
(1) Entrustment
□ Applicable □ Not applicable
No such cases in the Reporting Period.
(2) Contracting
□ Applicable □ Not applicable
No such cases in the Reporting Period.
(3) Leases
□ Applicable □ Not applicable
No such cases in the Reporting Period.
37BOE Technology Group Co. Ltd. Interim Report 2026
2. Major Guarantees
□ Applicable □ Not applicable
Unit: RMB'0000
Guarantees provided by the Company as the parent and its subsidiaries for external parties (exclusive of those for subsidiaries)
Guarantee
Disclosure
Actual Actual Having for a
date of the Line of Type of Collateral Counter
Obligor occurrence guarantee Term of guarantee expired related
guarantee line guarantee guarantee (if any) guarantee (if any)
date amount or not party or
announcement
not
N/A
Guarantees provided by the Company as the parent for its subsidiaries
Guarantee
Disclosure
Actual Actual Having for a
date of the Line of Type of Collateral Counter
Obligor occurrence guarantee Term of guarantee expired related
guarantee line guarantee guarantee (if any) guarantee (if any)
date amount or not party or
announcement
not
Chengdu BOE Optoelectronics 30 August 6 September 2017 to 5
24 April 2017 2261367 389438 Joint-liability N/A N/A No No
Technology Co. Ltd. 2017 September 2029
The secured party
Chengdu BOE Optoelectronics 27 August 23 September provides a 24 September 2024 to 5
300000 112881 Joint-liability N/A No No
Technology Co. Ltd. 2024 2024 counter guarantee September 2030
for the guarantor
The secured party
Mianyang BOE Optoelectronics 18 September provides a 26 September 2018 to 26
18 May 2018 2096709 533074 Joint-liability N/A No No
Technology Co. Ltd. 2018 counter guarantee September 2031
for the guarantor
The secured party
Mianyang BOE Optoelectronics 27 August 27 September provides a 8 October 2024 to 26
340000 158251 Joint-liability N/A No No
Technology Co. Ltd. 2024 2024 counter guarantee September 2031
for the guarantor
The secured party
Chongqing BOE Display 29 December provides a 31 December 2020 to 31
27 April 2020 2027564 802377 Joint-liability N/A No No
Technology Co. Ltd. 2020 counter guarantee December 2033
for the guarantor
38BOE Technology Group Co. Ltd. Interim Report 2026
The secured party
Wuhan BOE Optoelectronics 25 March 16 August provides a 23 August 2019 to 23
2004608 207500 Joint-liability N/A No No
Technology Co. Ltd. 2019 2019 counter guarantee August 2032
for the guarantor
The secured party
Wuhan BOE Optoelectronics 23 December 25 December provides a 26 December 2024 to 23
620000 309126 Joint-liability N/A No No
Technology Co. Ltd. 2024 2024 counter guarantee August 2032
for the guarantor
The secured party
provides a 15 June 2020 to 30 June
Chengdu BOE Hospital Co. Ltd. 27 April 2020 240000 15 June 2020 165317 Joint-liability N/A No No
counter guarantee 2042
for the guarantor
Total actual amount of such
Total approved line for such guarantees in the
0 guarantees in the Reporting Period 31783
Reporting Period (B1)
(B2)
Total actual balance of such
Total approved line for such guarantees at the end
9890248 guarantees at the end of the 2677964
of the Reporting Period (B3)
Reporting Period (B4)
Guarantees provided between subsidiaries
Guarantee
Disclosure
Actual Actual Having for a
date of the Line of Type of Collateral Counter
Obligor occurrence guarantee Term of guarantee expired related
guarantee line guarantee guarantee (if any) guarantee (if any)
date amount or not party or
announcement
not
Yaoguang New Energy 30 September 30 September 2020 to 30
N/A 2462 1611 Joint-liability N/A N/A No No
(Shouguang) Co. Ltd. 2020 September 2034
Suzhou Industrial Park Taijing 30 September 30 September 2020 to 30
N/A 1915 1253 Joint-liability N/A N/A No No
Photovoltaic Co. Ltd. 2020 September 2034
Qingmei Solar Energy 30 September 30 September 2020 to 30
N/A 2257 1313 Joint-liability N/A N/A No No
Technology (Lishui) Co. Ltd. 2020 September 2034
3 December
Guoji Energy (Ningbo) Co. Ltd. N/A 1231 - Joint-liability N/A N/A - Yes No
2020
Hongyang Solar Energy Power 3 December 3 December 2020 to 3
N/A 1710 1032 Joint-liability N/A N/A No No
Generation (Anji) Co. Ltd. 2020 December 2034
Ke’en Solar Energy Power 3 December
N/A 1094 - Joint-liability N/A N/A - Yes No
Generation (Pingyang) Co. Ltd. 2020
39BOE Technology Group Co. Ltd. Interim Report 2026
Dongze Photovoltaic Power 3 December
N/A 958 - Joint-liability N/A N/A - Yes No
Generation (Wenzhou) Co. Ltd. 2020
BOE Energy Technology Co. 23 October Charging 24 October 2017 to 23
N/A 8755 4569 Pledge N/A No No
Ltd. 2017 right October 2032
BOE Energy Technology Co. 15 August Charging 26 September 2018 to 21
N/A 14063 3981 Pledge N/A No No
Ltd. 2018 right December 2032
BOE Energy Technology Co. 28 November Charging 1 December 2017 to 1
N/A 17386 9522 Pledge N/A No No
Ltd. 2017 right December 2032
Hefei BOE Hospital Co. Ltd. 27 April 2018 130000 27 April 2018 - Joint-liability N/A N/A - Yes No
The secured party
Beijing BOE Life Technology 29 December provides a 29 December 2021 to 28
N/A 60000 25337 Joint-liability N/A No No
Co. Ltd. 2021 counter guarantee December 2039
for the guarantor
23 March 2023 to the time
The secured party
when all orders under the
BOE Vision-Electronic 30 March 23 March provides a
204327 3497 Joint-liability N/A purchase and sales No No
Technology Co. Ltd 2022 2023 counter guarantee
Agreement have been
for the guarantor
completed
BOE HC SemiTek (Suzhou) Co. 16 August 18 February 2025 to 17
2 April 2024 33234 2132 Joint-liability N/A N/A No No
Ltd. 2024 February 2031
BOE HC SemiTek (Suzhou) Co. 26 March 21 November 2025 to 20
20628 14 May 2025 344 Joint-liability N/A N/A No No
Ltd. 2025 November 2029
BOE HC SemiTek (Suzhou) Co. 16 August 23 August 2024 to 22
2 April 2024 33234 6123 Joint-liability N/A N/A No No
Ltd. 2024 August 2035
BOE HC SemiTek (Suzhou) Co. 24 December 24 December 2024 to 24
2 April 2024 33234 6347 Joint-liability N/A N/A No No
Ltd. 2024 December 2037
BOE HC SemiTek (Suzhou) Co. 30 September 15 November
34380 - Joint-liability N/A N/A - Yes No
Ltd. 2021 2021
BOE HC SemiTek (Suzhou) Co. 19 March
2 April 2024 33234 - Joint-liability N/A N/A - Yes No
Ltd. 2025
BOE HC SemiTek (Suzhou) Co. 26 March
2 April 2024 33234 - Joint-liability N/A N/A - Yes No
Ltd. 2025
BOE HC SemiTek (Suzhou) Co. 17 January
2 April 2024 33234 - Joint-liability N/A N/A - Yes No
Ltd. 2025
BOE HC SemiTek (Suzhou) Co. 17 January
2 April 2024 33234 - Joint-liability N/A N/A - Yes No
Ltd. 2025
BOE HC SemiTek (Suzhou) Co. 26 March
20628 14 May 2025 - Joint-liability N/A N/A - Yes No
Ltd. 2025
40BOE Technology Group Co. Ltd. Interim Report 2026
BOE HC SemiTek (Suzhou) Co. 26 March
20628 14 May 2025 - Joint-liability N/A N/A - Yes No
Ltd. 2025
BOE HC Crystaland Yunnan Co. 9 January 23 January 2026 to 28
2 April 2024 3438 955 Joint-liability N/A N/A No No
Ltd. 2025 November 2029
BOE HC Crystaland Yunnan Co. 9 January 17 February 2025 to 21
2 April 2024 3438 1074 Joint-liability N/A N/A No No
Ltd. 2025 November 2033
BOE HC Crystaland Yunnan Co. 9 January
2 April 2024 3438 - Joint-liability N/A N/A - Yes No
Ltd. 2025
BOE HC SemiTek (Zhejiang) 26 September 29 September 2024 to 20
2 April 2024 30942 378 Joint-liability N/A N/A No No
Co. Ltd. 2024 September 2030
BOE HC SemiTek (Zhejiang) 26 September 25 November 2024 to 20
2 April 2024 30942 284 Joint-liability N/A N/A No No
Co. Ltd. 2024 November 2030
BOE HC SemiTek (Zhejiang) 26 March 27 November 8 December 2025 to 7
32088 1463 Joint-liability N/A N/A No No
Co. Ltd. 2025 2025 December 2029
BOE HC SemiTek (Zhejiang) 26 March 27 November 17 December 2025 to 17
32088 1329 Joint-liability N/A N/A No No
Co. Ltd. 2025 2025 December 2029
BOE HC SemiTek (Zhejiang) 26 September 18 February 2025 to 15
2 April 2024 30942 370 Joint-liability N/A N/A No No
Co. Ltd. 2024 February 2031
BOE HC SemiTek (Zhejiang) 26 March 27 November 9 January 2026 to 9 July
32088 435 Joint-liability N/A N/A No No
Co. Ltd. 2025 2025 2029
BOE HC SemiTek (Zhejiang) 26 March 27 November 14 May 2026 to 6 January
32088 458 Joint-liability N/A N/A No No
Co. Ltd. 2025 2025 2030
BOE HC SemiTek (Zhejiang) 26 March 27 November 29 May 2026 to 14 January
32088 160 Joint-liability N/A N/A No No
Co. Ltd. 2025 2025 2030
BOE HC SemiTek (Zhejiang) 28 August 2024 to 28
2 April 2024 30942 5 June 2024 2192 Joint-liability N/A N/A No No
Co. Ltd. August 2029
BOE HC SemiTek (Zhejiang) 26 March 28 August 15 October 2025 to 15
32088 817 Joint-liability N/A N/A No No
Co. Ltd. 2025 2025 October 2030
BOE HC SemiTek (Zhejiang) 26 March 28 November 16 January 2026 to 11
32088 2292 Joint-liability N/A N/A No No
Co. Ltd. 2025 2025 January 2032
BOE HC SemiTek (Zhejiang) 26 March 28 November 2 December 2025 to 25
32088 2177 Joint-liability N/A N/A No No
Co. Ltd. 2025 2025 November 2031
BOE HC SemiTek (Zhejiang) 23 March 23 June 2026 to 21 June
28650 18 June 2026 1146 Joint-liability N/A N/A No No
Co. Ltd. 2026 2031
BOE HC SemiTek (Zhejiang) 26 March 19 May 2026 to 17
32088 14 May 2025 1146 Joint-liability N/A N/A No No
Co. Ltd. 2025 November 2029
BOE HC SemiTek (Zhejiang) 26 March 20 May 2026 to 17
32088 14 May 2025 2292 Joint-liability N/A N/A No No
Co. Ltd. 2025 November 2029
41BOE Technology Group Co. Ltd. Interim Report 2026
BOE HC SemiTek (Zhejiang) 26 March 8 June 2026 to 31 May
32088 14 May 2025 1146 Joint-liability N/A N/A No No
Co. Ltd. 2025 2031
BOE HC SemiTek (Zhejiang) 26 March 3 November 4 November 2025 to 4
32088 1604 Joint-liability N/A N/A No No
Co. Ltd. 2025 2025 November 2029
BOE HC SemiTek (Zhejiang) 26 March 3 November 7 January 2026 to 6
32088 688 Joint-liability N/A N/A No No
Co. Ltd. 2025 2025 January 2030
BOE HC SemiTek (Zhejiang) 30 August 26 October 2022 to 21
18 July 2022 30942 10018 Joint-liability N/A N/A No No
Co. Ltd. 2022 June 2035
BOE HC SemiTek (Zhejiang) 30 August 15 May 2026 to 6
18 July 2022 30942 688 Joint-liability N/A N/A No No
Co. Ltd. 2022 November 2029
BOE HC SemiTek (Zhejiang) 30 August 23 January 2026 to 3
18 July 2022 30942 134 Joint-liability N/A N/A No No
Co. Ltd. 2022 December 2029
BOE HC SemiTek (Zhejiang) 30 August 19 December 2025 to 3
18 July 2022 30942 68 Joint-liability N/A N/A No No
Co. Ltd. 2022 December 2029
BOE HC SemiTek (Zhejiang) 23 March 30 June 2026 to 29 June
28650 29 June 2026 2750 Joint-liability N/A N/A No No
Co. Ltd. 2026 2032
BOE HC SemiTek (Zhejiang) 26 March 19 March 25 March 2026 to 24
32088 2292 Joint-liability N/A N/A No No
Co. Ltd. 2025 2026 March 2031
BOE HC SemiTek (Zhejiang) 21 January 26 January
52716 - Joint-liability N/A N/A - Yes No
Co. Ltd. 2023 2024
BOE HC SemiTek (Zhejiang) 26 March
32088 11 April 2025 - Joint-liability N/A N/A - Yes No
Co. Ltd. 2025
BOE HC SemiTek (Zhejiang) 26 March
32088 14 May 2025 - Joint-liability N/A N/A - Yes No
Co. Ltd. 2025
BOE HC SemiTek (Zhejiang) 26 March
32088 14 May 2025 - Joint-liability N/A N/A - Yes No
Co. Ltd. 2025
BOE HC SemiTek (Zhejiang) 21 January
52716 6 April 2023 - Joint-liability N/A N/A - Yes No
Co. Ltd. 2023
BOE HC SemiTek (Zhejiang) 21 January 28 March
52716 - Joint-liability N/A N/A - Yes No
Co. Ltd. 2023 2023
BOE HC SemiTek (Zhejiang)
2 April 2024 30942 5 June 2024 - Joint-liability N/A N/A - Yes No
Co. Ltd.BOE HC SemiTek (Zhejiang)
2 April 2024 30942 17 July 2024 - Joint-liability N/A N/A - Yes No
Co. Ltd.BOE HC SemiTek (Zhejiang)
2 April 2024 30942 17 July 2024 - Joint-liability N/A N/A - Yes No
Co. Ltd.BOE HC SemiTek (Zhejiang) 30 August
18 July 2022 30942 - Joint-liability N/A N/A - Yes No
Co. Ltd. 2022
42BOE Technology Group Co. Ltd. Interim Report 2026
BOE HC SemiTek (Zhejiang) 30 August
18 July 2022 30942 - Joint-liability N/A N/A - Yes No
Co. Ltd. 2022
Total actual amount of such
Total approved line for such guarantees in the
150000 guarantees in the Reporting Period 28077
Reporting Period (C1)
(C2)
Total actual balance of such
Total approved line for such guarantees at the end
620304 guarantees at the end of the 105417
of the Reporting Period (C3)
Reporting Period (C4)
Total guarantee amount (total of the three kinds of guarantees above)
Total guarantee line approved in the Reporting Total actual guarantee amount in
15000059860
Period (A1+B1+C1) the Reporting Period (A2+B2+C2)
Total actual guarantee balance at
Total approved guarantee line at the end of the
10510552 the end of the Reporting Period 2783381
Reporting Period (A3+B3+C3)
(A4+B4+C4)
Total guarantee balance (A4+B4+C4) as % of the Company’s net assets 20.91%
Of which:
Balance of guarantees provided for shareholders actual controller and their related
0
parties (D)
Balance of debt guarantees provided directly or indirectly for obligors with an over
3497
70% debt/asset ratio (E)
Amount by which the total guarantee amount exceeds 50% of the Company’s net
0
assets (F)
Total of the three amounts above (D+E+F) 3497
Joint responsibilities possibly borne or already borne in the Reporting Period for
N/A
undue guarantees (if any)
Provision of external guarantees in breach of the prescribed procedures (if any) N/A
Compound guarantees: None
43BOE Technology Group Co. Ltd. Interim Report 2026
3. Cash Entrusted for Wealth Management
□ Applicable □ Not applicable
Unit: RMB'0000
Balance of entrusted wealth
Overdue and unrecovered
Product category Risk characteristics management during the
amount
Reporting Period
Principal-guaranteed with
Bank financial products 99200 0
floating return
Details of high-risk entrusted wealth management where the Company acts as the sole principal in engaging financial institutions for
asset management or invests in products with lower safety and weaker liquidity:
□ Applicable □ Not applicable
4. Other Major Contracts
□ Applicable □ Not applicable
No such cases in the Reporting Period.XIII Communications with the Investment Community such as Researches Inquiries and
Interviews
□ Applicable □ Not applicable
Main
Type of the discussions and Index to the
Way of Communication
Date Place communication materials relevant
communication party
party provided by the information
Company
Hefei BOE Tianfeng
Solar Securities and
5 January 2026 On-site visit Institution
Technology 19 other
Co. Ltd. institutions
BOE Core
7 January 2026 Competence On-site visit Institution Fullgoal Fund
Tower
BOE Cephei Capital
Main
22 January Technology Management
On-site visit Institution discussions:
2026 Innovation and 5 other
Answered
Center institutions
questions from
BOE Core Springs Capital
22 January investors. www.cninfo.co
Competence On-site visit Institution Western
2026 m.cn
Tower Securities
BOE Core
4 February
Competence On-site visit Institution Foresight Fund
2026
Tower
BOE Core
25 February China Asset
Competence On-site visit Institution
2026 Management
Tower
Main
Fuzhou BOE Guosheng
discussions:
27 February Optoelectronics Securities and 9
On-site visit Institution 1. Introduction
2026 Technology other
to the G8.5
Co. Ltd. institutions
Advanced
44BOE Technology Group Co. Ltd. Interim Report 2026
Display Device
Production
Line in Fuzhou;
2. Answered
questions from
investors.Investors Main
attending discussions:
http://rs.p5w.ne
2 April 2026 Other Other BOE's 2025 Answered
t/
Annual Results questions from
Online Briefing investors.Main
discussions:
1. Industry and
market
overview;
2. The
Global Telecom Company’s
Capital and 128 operating
2 April 2026 Conference call By phone Institution
other results;
institutions 3. The
Company’s
financial
results;
4. Answered
questions from
investors.BOE Core Ping An
15 April 2026 Competence On-site visit Institution Securities
Tower Springs Capital
BOE Core Orient Fund
6 May 2026 Competence On-site visit Institution Huaxi
Tower Securities
Platinum L1
BOE
Capital Beijing
Technology
11 May 2026 On-site visit Institution Huasheng
Innovation
Meixi Business
Center
Consulting
Orient
BOE Core
Securities
15 May 2026 Competence On-site visit Institution Main
Guotai Haitong
Tower discussions:
Securities
Answered
Yinhua Fund
questions from
25 May 2026 Conference call By phone Institution Huatai
investors.Securities
25 May 2026 Conference call By phone Institution Dacheng Fund
BOE
Visione Asset
Technology
26 May 2026 On-site visit Institution and 2 other
Innovation
institutions
Center
BOE
IDG Capital
Technology
3 June 2026 On-site visit Institution and 67 other
Innovation
institutions
Center
BOE Core Daoren Asset
4 June 2026 Competence On-site visit Institution Management
Tower and 10 other
45BOE Technology Group Co. Ltd. Interim Report 2026
institutions
China
Universal
5 June 2026 Conference call By phone Institution
CITIC
Securities
Guosheng
Hefei BOE
Securities and
Solar
9 June 2026 On-site visit Institution 12 other
Technology
institutions
Co. Ltd.including
Panview
11 June 2026 Conference call By phone Institution Capital
Goldman Sachs
China Asset
BOE Core
Management
12 June 2026 Competence On-site visit Institution
and 2 other
Tower
institutions
Zhongtian
BOE Core
Securities
15 June 2026 Competence On-site visit Institution
Proprietary
Tower
Trading
BOE
Ping An Fund
Technology
15 June 2026 On-site visit Institution and 3 other
Innovation
institutions
Center
BOE
Technology
Guoxin
Innovation
Investment and
16 June 2026 Center、BOE On-site visit Institution
12 other
Core
institutions
Competence
Tower
Ping An
BOE Core Annuity
17 June 2026 Competence On-site visit Institution Insurance
Tower Tianfeng
Securities
CCB Principal
BOE
Asset
Technology
18 June 2026 On-site visit Institution Management
Innovation
and 5 other
Center
institutions
Beijing
Hongma
BOE Core Kangyi
25 June 2026 Competence On-site visit Institution Investment
Tower Management
and 6 other
institutions
BOE Core Harvest Fund
30 June 2026 Competence On-site visit Institution CITIC
Tower Securities
XIV Other Significant Events
□ Applicable □ Not applicable
46BOE Technology Group Co. Ltd. Interim Report 2026
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.
12 June 2025 to 13
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.
5 November 2025 to 6
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.
13 November 2025 to
Ltd. of Technological Innovation Corporate Bonds 25BOEK3 524530.SZ 14 November 2030
14 November 2025
(Third Tranche) in 2025 to Professional Investors
The Public Offering of BOE Technology Group Co.
22 January 2026 to 23
Ltd. of Technological Innovation Corporate Bonds 26BOEK1 524641.SZ 23 January 2031
January 2026
(First Tranche) in 2026 to Professional Investors
The Public Offering of BOE Technology Group Co.
18 March 2026 to 19
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 2026.The Company paid the interest on the current bond for the period from 13 June 2025 to 12 June 2026 on 15 June 2026.
2. 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. The Company disclosed the Announcement on
Completion of Share Repurchase Plan and Repurchase Results (Announcement No.: 2026-050) on 30 May 2026. The share repurchase
period for this program was from 9 April 2026 to 28 May 2026. As at 28 May 2026 the Company 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
1005011580 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 RMB4203359617.65 (including commission and other fixed fees). This
share repurchase complies with relevant laws and regulations as well as the approved share repurchase plan.
3. 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). 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 85892600 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 RMB499924820.18 (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 85042543 shares representing approximately 12.2737% of the Company ’ s total B-shares and
approximately 0.2296% of the Company’s total share capital. The highest transaction price was HKD4.81 per share and the lowest
transaction price was HKD4.23 per share. The total amount paid was HKD393420109.27 (excluding transaction fees). This share
repurchase complies with relevant laws and regulations as well as the approved share repurchase plan of the Company.
47BOE Technology Group Co. Ltd. Interim Report 2026
4. 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. 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 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.
5. On 12 June 2026 the Company disclosed the Announcement on the Distribution of the 2025 Final Dividend (Announcement 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.
6. The Company disclosed the Announcement on the Share Increase Plan by Controlling Shareholder and Actual Controller of the
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 RMB500000000 and no more
than RMB1000000000. As at 27 August 2026 BEHC has cumulatively purchased 26000000 shares of the Company through
centralized bidding via the trading system of the Shenzhen Stock Exchange accounting for 0.0702% of the Company’s total share
capital with a total investment of RMB143837100 (excluding transaction fees). This share purchase complies with relevant laws and
regulations as well as the approved share increase plan.XV Significant Events of Subsidiaries
□ Applicable □ Not applicable
48BOE Technology Group Co. Ltd. Interim Report 2026
Part VI Share Changes and Shareholder Information
I Share Changes
1. Share Changes
Unit: share
Before Increase/decrease (+/-) After
Bonus
Item New Bonus issue
Number Percentage Other Subtotal Number Percentage
issues shares from
profit
I. Restricted
97802450.03%0009745295759745295759843098202.66%
shares
1. Shares held
00.00%0000000.00%
by the state
2. Shares held
by state-owned 0 0.00% 0 0 0 0 0 0 0.00%
corporations
3. Shares held
by other
97802450.03%0009660980759660980759758783202.63%
domestic
investors
Among
which: Shares
held by 0 0.00% 0 0 0 0 0 0 0.00%
domestic
corporations
Shares held
by domestic 9780245 0.03% 0 0 0 966098075 966098075 975878320 2.63%
individuals
4. Shares held
by foreign 0 0.00% 0 0 0 8431500 8431500 8431500 0.02%
investors
Among
which: Shares
00.00%0000000.00%
held by foreign
corporations
Shares held
by foreign 0 0.00% 0 0 0 8431500 8431500 8431500 0.02%
individuals
II. Non-
3740410021999.97%000-1344081975-13440819753606001824497.34%
restricted shares
1. RMB
3671121609298.12%000-1344081975-13440819753536713411795.47%
ordinary shares
2.
Domestically
6928841271.85%000006928841271.87%
listed foreign
shares
49BOE Technology Group Co. Ltd. Interim Report 2026
3. Overseas
listed foreign 0 0.00% 0 0 0 0 0 0 0.00%
shares
4. Other 0 0.00% 0 0 0 0 0 0 0.00%
III. Total shares 37413880464 100.00% 0 0 0 -369552400 -369552400 37044328064 100.00%
Reasons for share changes:
□ Applicable □ Not applicable
During the Reporting Period the Company granted a total of 975011500 restricted shares under its 2026 Restricted Stock Incentive
Plan resulting in an increase of 975011500 restricted?sale shares for equity incentive purposes of the Company.During the Reporting Period part of the shares held by resigned directors and supervisors were lifted from restrictions and the
Company’s locked?shares for senior management decreased by a total of 481925 shares.During the Reporting Period the Company cancelled 369552400 A?shares repurchased in 2025.During the Reporting Period the total number of shares decreased by 369552400 shares in aggregate. The total number of restricted
shares increased by 974529575 shares in aggregate and the total number of non-restricted shares decreased by 1344081975 shares
in aggregate.Approval of share changes:
□ Applicable □ Not applicable
Transfer of share ownership:
□ Applicable □ Not applicable
Progress on any share repurchase:
□ Applicable □ Not applicable
1. The Company convened the 12th Meeting of the 11th Board of Directors and the 2025 Annual Meeting of Shareholders on 30 March
2026 and 24 April 2026 respectively. The meetings reviewed and approved the Proposal on Repurchase of Part of the Company’s
Tradable Public Shares (A?shares) authorizing the Company to repurchase part of its tradable public shares for cancellation using
self?raised funds. The implementation period for the share repurchase shall not exceed 12 months from the date on which the share
repurchase plan is reviewed and approved by the Shareholders’ Meeting. As at 30 June 2026 no A?shares of the Company had been
purchased in the special securities account for share repurchase.
2. The Company convened the 12th Meeting of the 11th Board of Directors and the 2025 Annual Meeting of Shareholders on 30 March
2026 and 24 April 2026 respectively. The meetings reviewed and approved the Proposal on Repurchase of Domestically?listed
Foreign?invested Shares (B?shares) of the Company authorizing the Company to repurchase part of its tradable public shares for
cancellation using self?raised funds. The implementation period for the share repurchase shall not exceed 12 months from the date on
which the share repurchase plan is reviewed and approved by the Shareholders’ Meeting. As at 30 June 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 82628018 shares representing approximately 11.9252% of the Company’s total B?shares and approximately 0.2231%
of the Company’s total share capital. The highest transaction price was HKD4.81 per share and the lowest transaction price was
HKD4.23 per share. The total amount paid was HKD381981600.12 (excluding transaction fees such as stamp duty and commission).
3. The 12th Meeting of the 11th Board of Directors held by the Company on 30 March 2026 reviewed and approved the Proposal on
Repurchase of Part of the Company’s Tradable Public Shares for Equity Incentive Purposes. The meeting authorized the Company to
repurchase part of its tradable public shares for implementing the equity incentive plan using self?raised funds. The implementation
period for the share repurchase shall not exceed 12 months from the date on which the share repurchase plan is reviewed and approved
by the Board of Directors. The actual repurchase period for this program was from 9 April 2026 to 28 May 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 1005011580 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 was RMB4.33 per share and the lowest
transaction price was RMB4.00 per share. The total amount paid was RMB4203359617.65 (including commission and other fixed
fees).Progress on reducing the repurchased shares by means of centralized bidding:
□ Applicable □ Not applicable
Effects of share changes on the basic and diluted earnings per share equity per share attributable to the Company’s ordinary
50BOE Technology Group Co. Ltd. Interim Report 2026
shareholders and other financial indicators of the prior year and the prior accounting period respectively:
□ Applicable □ Not applicable
Item January-December 2025 January-June 2026
Basic earnings per share (RMB/share) 0.16 0.14
Diluted earnings per share (RMB/share) 0.16 0.14
Item 31 December 2025 30 June 2026
Equity per share attributable to the Company’s
3.633.60
ordinary shareholders
Other information that the Company considers necessary or is required by the securities regulator to be disclosed:
□ Applicable □ Not applicable
2. Changes in Restricted Shares
□ Applicable □ Not applicable
Unit: Share
Restricted Restricted Restricted
Restricted Restricted
Name of the shares amount shares shares amount Restricted
shares relieved shares relieved
shareholders at the period- increased of the at the period- reasons
of the period date
begin period end
Locked shares Locked shares
9780245-48192509298320--
of executives of executives
Restricted Restricted
shares for 0 0 975011500 975011500 shares for --
equity incentive equity incentive
Total 9780245 -481925 975011500 984309820 -- --
II Issuance and Listing of Securities
□ Applicable □ Not applicable
Issue
price Number approved Transaction
Name of stock and Disclosure Disclosure
Issue date (or Issued number Listing date for listing and termination
derivative securities index date
interes trading date
t rate)
Stocks
Convertible corporate bonds detachable convertible corporate bonds and other corporate bonds
For details
please refer to
the
Announcement
The Public Offering
on the Listing
of BOE Technology
on the Shenzhen
Group Co. Ltd. of
Stock Exchange
Technological 27
23 January RMB10000000 28 January RMB10000000 23 January of the
Innovation 2.06% January
2026 00 2026 00 2031 Technological
Corporate Bonds 2026
Innovation
(First Tranche) in
Corporate
2026 to Professional
Bonds (First
Investors
Tranche) in
2026 Offered by
BOE
Technology
51BOE Technology Group Co. Ltd. Interim Report 2026
Group Co. Ltd.to Professional
Investors
disclosed on
http://www.cnin
fo.com.cn/.For details
please refer to
the
Announcement
on the Listing
on the Shenzhen
Stock Exchange
The Public Offering
of the
of BOE Technology
Technological
Group Co. Ltd. of
Innovation
Technological
19 March RMB10000000 24 March RMB10000000 19 March Corporate 23 March
Innovation 1.97%
2026 00 2026 00 2031 Bonds (Second 2026
Corporate Bonds
Tranche) in
(Second Tranche) in
2026 Offered by
2026 to Professional
BOE
Investors
Technology
Group Co. Ltd.to Professional
Investors
disclosed on
http://www.cnin
fo.com.cn/.Other derivative securities
N/A
Description of the issuance of securities in the Reporting Period: N/A
III Shareholders and Their Holdings as at the Period-End
Unit: share
Number of ordinary shareholders at the period-end 1924730 (including 1897586 A-shareholders and 27144 B-shareholders)
5% or greater shareholders or top 10 shareholders (exclusive of shares lent in refinancing)
Total shares Increase/decrease Restricted Shares in pledge
Name of Nature of Shareholding Unrestricted
held at the in the Reporting shares marked or frozen
shareholder shareholder percentage shares held
period-end Period held Status Shares
Beijing State-
owned Capital
State-owned
Operation and 10.97% 4063333333 0 0 4063333333 N/A 0
legal person
Management
Company Limited
Hong Kong
Overseas
Securities Clearing 6.24% 2312677545 -447380708 0 2312677545 N/A 0
legal person
Company Ltd.Beijing BOE
Investment & State-owned
2.22% 822092180 0 0 822092180 N/A 0
Development Co. legal person
Ltd.Beijing Jing
Other 1.94% 718132854 0 0 718132854 N/A 0
Guorui SOE
52BOE Technology Group Co. Ltd. Interim Report 2026
Reform and
Development Fund
(L.P.)
Domestic
Fuqing Huirong
non-state- In
Venture Capital 1.45% 538599640 0 0 538599640 156000000
owned legal pledge
Co. Ltd.person
Domestic
Cai Min natural 0.79% 293580276 185831076 0 293580276 N/A 0
person
Beijing Electronics State-owned
0.74% 273735583 0 0 273735583 N/A 0
Holdings Co. Ltd. legal person
Overseas
Xu Lili natural 0.46% 168656000 1592000 0 168656000 N/A 0
person
Yiwu Harmonious Domestic
Jinhong Equity non-state-
0.40% 149287513 -30245700 0 149287513 N/A 0
Investment owned legal
Partnership (L.P.) person
Shandong Haikong
Private Fund State-owned
0.40% 147163387 0 0 147163387 N/A 0
Management Co. legal person
Ltd.Strategic investors or general
corporations becoming top-ten
N/A
ordinary shareholders due to placing
of new shares (if any)
1. Beijing State-owned Capital Operation and Management Company Limited holds 100% equity interest
in Beijing Electronics Holdings Co. Ltd.
2. Beijing BOE Investment & Development Co. Ltd. is a wholly?owned 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
822092180 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.
3. Upon completion of the Company’s private placement in 2014 Beijing State-owned Capital Operation
and Management Company Limited entrusted 70% of the shares it directly held in the Company to Beijing
Electronics 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
Related or acting-in-concert parties of disposal and the right to income. Pursuant to the Voting Right Exercise Agreement Beijing State-owned
among the 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.
4. In the Company’s 2021 private placement Beijing Jing Guorui SOE Reform and Development Fund
(L.P.) entered into a Concerted Action Agreement with Beijing Electronics Holdings Co. Ltd.
5. 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 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.
6. Except for the above relationships the Company does not know any other related party or acting-in-
concert party among the top 10 shareholders.Explain if any of the shareholders 1. Upon completion of the Company’s private placement in 2014 Beijing State-owned Capital Operation
above was involved in and Management Company Limited entrusted 70% of the shares it directly held in the Company to Beijing
53BOE Technology Group Co. Ltd. Interim Report 2026
entrusting/being entrusted with Electronics Holdings Co. Ltd. for management pursuant to the Share Management Agreement. Beijing
voting rights or waiving voting Electronics Holdings Co. Ltd. obtained the shareholder rights attached to such shares excluding the right
rights of disposal and the right to income. Pursuant to the Voting Right Exercise Agreement Beijing State-owned
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.
2. In the Company’s 2021 private placement Beijing Jing Guorui SOE Reform and Development Fund
(L.P.) entered into a Concerted Action Agreement with Beijing Electronics Holdings Co. Ltd.Special account for share
repurchases (if any) among the top N/A
10 shareholders
Shareholdings of the top ten unrestricted ordinary shareholders (exclusive of shares lent in refinancing and locked shares of executives)
Shares by type
Name of shareholder Number of unrestricted ordinary shares held at the period-end
Type Shares
Beijing State-owned Capital
Operation and Management 4063333333 RMB ordinary share 4063333333
Company Limited
Hong Kong Securities Clearing
2312677545 RMB ordinary share 2312677545
Company Ltd.Beijing BOE Investment &
822092180 RMB ordinary share 822092180
Development Co. Ltd.Beijing Jing Guorui SOE Reform
718132854 RMB ordinary share 718132854
and Development Fund (L.P.)
Fuqing Huirong Venture Capital
538599640 RMB ordinary share 538599640
Co. Ltd.Cai Min 293580276 RMB ordinary share 293580276
Beijing Electronics Holdings Co.
273735583 RMB ordinary share 273735583
Ltd.Xu Lili 168656000 RMB ordinary share 168656000
Yiwu Harmonious Jinhong Equity
149287513 RMB ordinary share 149287513
Investment Partnership (L.P.)
Shandong Haikong Private Fund
147163387 RMB ordinary share 147163387
Management Co. Ltd.
1. Beijing State-owned Capital Operation and Management Company Limited holds 100% equity interest
in Beijing Electronics Holdings Co. Ltd.
2. Beijing BOE Investment & Development Co. Ltd. is a wholly?owned 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
822092180 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.Related or acting-in-concert parties
3. Upon completion of the Company’s private placement in 2014 Beijing State-owned Capital Operation
among top 10 unrestricted ordinary
and Management Company Limited entrusted 70% of the shares it directly held in the Company to Beijing
shareholders as well as between top
Electronics Holdings Co. Ltd. for management pursuant to the Share Management Agreement. Beijing
10 unrestricted ordinary
Electronics Holdings Co. Ltd. obtained the shareholder rights attached to such shares excluding the right
shareholders and top 10
of disposal and the right to income. Pursuant to the Voting Right Exercise Agreement Beijing State-owned
shareholders
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.
4. In the Company’s 2021 private placement Beijing Jing Guorui SOE Reform and Development Fund
(L.P.) entered into a Concerted Action Agreement with Beijing Electronics Holdings Co. Ltd.
5. 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 Guorui Soe Reform and Development Fund (L.P.). In addition among
54BOE Technology Group Co. Ltd. Interim Report 2026
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.
6. Except for the above relationships the Company does not know any other related party or acting-in-
concert party among the top 10 shareholders.
1. Shareholder Cai Min holds 293522276 shares through the client account at Ping An Securities Co. Ltd.
of collateral securities for margin trading. The shareholding in the margin trading account increased by
185773076 shares during the Reporting Period.
Top 10 ordinary shareholders
2. Shareholder Xu Lili holds 168656000 shares through the client account at CITIC Securities Company
involved in securities margin trading
Limited of collateral securities for margin trading. The shareholding in the margin trading account increased
(if any)
by 1592000 shares during the Reporting Period.
3. Save for the foregoing none of the other top?10 ordinary shareholders of the Company participated in
securities margin trading as at the end of the Reporting Period.
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
Indicate by tick mark whether any of the top 10 ordinary shareholders or the top 10 unrestricted ordinary shareholders of the Company
conducted any promissory repo during the Reporting Period.□ Yes □ No
No such cases in the Reporting Period.IV Change in Shareholdings of Directors and Senior Management
□ Applicable □ Not applicable
Restricted Restricted
Restricted
Increase in Decrease shares shares
shares
Beginning the in the Ending granted at granted in
Incumbent granted at
Name Office title shareholdin Reporting Reporting shareholdi the the the period-
/Former period-
g (share) Period Period ng (share) Reporting end
beginning
(share) (share) Period (share)
(share)
(share)
Chairman of the
Chen Yanshun Board and Chief Incumbent 2900000 2000000 0 4900000 0 2000000 2000000
Strategic Planner
Vice Chairman of
the Board
Chairman of the
Feng Qiang Executive Incumbent 975700 1800000 0 2775700 0 1800000 1800000
Committee and
Chief Executive
Officer (CEO)
Vice Chairman of
the Board Vice
Chairman of the
Wang Xiping Executive Incumbent 852400 1650000 0 2502400 0 1650000 1650000
Committee and
Chief Operating
Officer (COO)
Director Member
Feng Liqiong of the Executive Incumbent 1360000 1650000 0 3010000 0 1650000 1650000
Committee
55BOE Technology Group Co. Ltd. Interim Report 2026
Executive Vice
President and
Chief Counsel
Jin Chunyan Director Incumbent 0 0 0 0 0 0 0
Independent
Zhang Xinmin Incumbent 0 0 0 0 0 0 0
Director
Independent
Guo He Incumbent 0 0 0 0 0 0 0
Director
Wang Independent
Incumbent 0 0 0 0 0 0 0
Duoxiang Director
Independent
Hu Xiaolin Incumbent 0 0 0 0 0 0 0
Director
Employee
Li Yang Incumbent 0 1000000 0 1000000 0 1000000 1000000
Director
Member of the
Executive
Committee
Yang
Executive Vice Incumbent 742300 1000000 0 1742300 0 1000000 1000000
Xiaoping
President and
Chief Financial
Officer (CFO)
Member of the
Executive
Liu Zhiqiang Committee and Incumbent 247500 1000000 0 1247500 0 1000000 1000000
Senior Vice
President
Member of the
Executive
Liu Jing Committee and Incumbent 425920 1000000 0 1425920 0 1000000 1000000
Senior Vice
President
Member of the
Executive
Yun Xiangnan Committee and Incumbent 518500 1000000 0 1518500 0 1000000 1000000
Senior Vice
President
Member of the
Executive
Jiang Xingqun Committee and Incumbent 724200 1000000 0 1724200 0 1000000 1000000
Senior Vice
President
Member of the
Executive
Qi Zheng Committee and Incumbent 741600 1000000 0 1741600 0 1000000 1000000
Senior Vice
President
Senior Vice
President and
Yue Zhanqiu Incumbent 553440 0 0 553440 0 0 0
Chief Audit
Officer
Vice President
Guo Hong and Board Incumbent 428500 1000000 0 1428500 0 1000000 1000000
Secretary
Ye Feng Director Former 0 0 0 0 0 0 0
Independent
Tang Shoulian Former 0 0 0 0 0 0 0
Director
Guo Chuan Director Former 0 0 0 0 0 0 0
56BOE Technology Group Co. Ltd. Interim Report 2026
Total -- -- 10470060 15100000 0 25570060 0 15100000 15100000
V Change of the Controlling Shareholder or the Actual Controller
If the Company has previously disclosed that the actual controller is planning a change of control which has not yet been completed
please describe the progress of such change?of?control matter.□ Applicable □ Not applicable
Change of the controlling shareholder in the Reporting Period
□ Applicable □ Not applicable
No such cases in the Reporting Period.Change of the actual controller in the Reporting Period
□ Applicable □ Not applicable
No such cases in the Reporting Period.VI Preference Shares
□ Applicable □ Not applicable
No such cases in the Reporting Period.
57BOE Technology Group Co. Ltd. Interim Report 2026
Part VII Bonds
□ Applicable □ Not applicable
I Enterprise Bonds
□ Applicable □ Not applicable
No enterprise bonds in the Reporting Period.II Corporate Bonds
□ Applicable □ Not applicable
1. Basic Information of the Corporate Bonds
Unit: RMB’0000
Date of Value Coupo Trade
Bond name Abbr. Bond code Maturity Balance Way of redemption
issue date n rate place
The Public Offering of BOE Interest shall be paid for
Technology Group Co. Ltd. this issue of bonds
of Technological Innovation 13 June 13 June 13 June yearly and the last
25BOEK1 524305.SZ 200000 1.94% SZSE
Corporate Bonds (First 2025 2025 2030 installment of interest
Tranche) in 2025 to shall be paid with the
Professional Investors redemption of principal.The Public Offering of BOE Interest shall be paid for
Technology Group Co. Ltd. this issue of bonds
66
of Technological Innovation 6 November yearly and the last
25BOEK2 524510.SZ Novemb Novemb 100000 1.95% SZSE
Corporate Bonds (Second 2030 er 2025 er 2025 installment of interest
Tranche) in 2025 to shall be paid with the
Professional Investors redemption of principal.The Public Offering of BOE Interest shall be paid for
Technology Group Co. Ltd. this issue of bonds
141414
of Technological Innovation yearly and the last
25BOEK3 524530.SZ Novemb Novemb November 100000 1.95% SZSE
Corporate Bonds (Third er 2025 er 2025 2030 installment of interest
Tranche) in 2025 to shall be paid with the
Professional Investors redemption of principal.The Public Offering of BOE Interest shall be paid for
Technology Group Co. Ltd. this issue of bonds
2323
of Technological Innovation 23 January yearly and the last
26BOEK1 524641.SZ January January 100000 2.06% SZSE
Corporate Bonds (First 2031 2026 2026 installment of interest
Tranche) in 2026 to shall be paid with the
Professional Investors redemption of principal.The Public Offering of BOE Interest shall be paid for
Technology Group Co. Ltd. this issue of bonds
1919
of Technological Innovation 19 March yearly and the last
26BOEK2 524715.SZ March March 100000 1.97% SZSE
Corporate Bonds (Second 2031 2026 2026 installment of interest
Tranche) in 2026 to shall be paid with the
Professional Investors redemption of principal.Appropriate arrangement of the investors (if any) Only for the qualified investors
Applicable trade mechanism Centralized bidding trade and negotiated block trade
58BOE Technology Group Co. Ltd. Interim Report 2026
Risk of delisting (if any) and countermeasures Not
Overdue bonds:
□ Applicable □ Not applicable
2. The Trigger and Execution of the Option Clause of the Issuers or Investors and the Investor Protection
Clause
□ Applicable □ Not applicable
3. Adjustment of Credit Rating Results during the Reporting Period
□ Applicable □ Not applicable
4. Execution and Changes of Guarantee Repayment Plan and Other Repayment Guarantee Measures as
well as Influence on Equity of Bond Investors during the Reporting Period
□ Applicable □ Not applicable
III Debt Financing Instruments as a Non-financial Enterprise
□ Applicable □ Not applicable
1. General Information about Debt Financing Instruments as a Non-financial Enterprise
Unit: RMB’0000
Date of Balance Coupon Way of Trade
Bond name Abbr. Bond code Value date Maturity
issue (RMB’0000) rate redemption place
Interest shall
be paid for
The 2025 First
25 BOE this issue of
Tranche of
Group bonds yearly China’s
Medium-Term
MTN001 and the last inter-
Notes 23 April 24 April 24 April
(Technolo 102581768 200000 2.23% installment of bank
(Technological 2025 2025 2035
gical interest shall bond
Innovation Notes)
Innovation be paid with market
of BOE Technology
Notes) the
Group Co. Ltd.redemption of
principal.Interest shall
be paid for
25 BOE this issue of
The 2025 Second
Group bonds yearly China’s
Tranche of
MTN002 and the last inter-
Technological 13 May 14 May 14 May
(Technolo 102582067 100000 2.23% installment of bank
Innovation Bonds 2025 2025 2035
gical interest shall bond
of BOE Technology
Innovation be paid with market
Group Co. Ltd.Bonds) the
redemption of
principal.The 2025 Third 25 BOE 24 June 25 June 25 June Interest shall China’s
1025826151000001.77%
Tranche of Group 2025 2025 2028 be paid for inter-
59BOE Technology Group Co. Ltd. Interim Report 2026
Technological MTN003 this issue of bank
Innovation Bonds (Technolo bonds yearly bond
of BOE Technology gical and the last market
Group Co. Ltd. Innovation installment of
Bonds) interest shall
be paid with
the
redemption of
principal.Interest shall
be paid for
25 BOE this issue of
The 2025 Fourth
Group bonds yearly China’s
Tranche of
MTN004 and the last inter-
Technological 10 July 11 July 11 July
(Technolo 102582852 100000 1.70% installment of bank
Innovation Bonds 2025 2025 2030
gical interest shall bond
of BOE Technology
Innovation be paid with market
Group Co. Ltd.Bonds) the
redemption of
principal.Interest shall
be paid for
25 BOE this issue of
The 2025 Fifth
Group bonds yearly China’s
Tranche of
MTN005 and the last inter-
Technological 24 July 25 July 25 July
(Technolo 102583095 100000 1.70% installment of bank
Innovation Bonds 2025 2025 2028
gical interest shall bond
of BOE Technology
Innovation be paid with market
Group Co. Ltd.Bonds) the
redemption of
principal.Interest shall
be paid for
25 BOE this issue of
The 2025 Sixth
Group bonds yearly China’s
Tranche of
MTN006 and the last inter-
Technological 8 August 11 August 11 August
(Technolo 102583387 100000 1.79% installment of bank
Innovation Bonds 2025 2025 2028
gical interest shall bond
of BOE Technology
Innovation be paid with market
Group Co. Ltd.Bonds) the
redemption of
principal.Appropriate arrangement of the investors (if any) Institutional investors on China’s inter-bank bond market
Applicable trade mechanism Trade mechanism of China’s inter-bank bond market
Risk of delisting (if any) and countermeasures No
Overdue bonds:
□ Applicable □ Not applicable
2. The Trigger and Execution of the Option Clause of the Issuers or Investors and the Investor Protection
Clause
□ Applicable □ Not applicable
60BOE Technology Group Co. Ltd. Interim Report 2026
3. Adjustment of Credit Rating Results during the Reporting Period
□ Applicable □ Not applicable
4. Execution and Changes of Guarantee Repayment Plan and Other Repayment Guarantee Measures as
well as Influence on Equity of Bond Investors during the Reporting Period
□ Applicable □ Not applicable
IV Convertible Corporate Bonds
□ Applicable □ Not applicable
No such cases in the Reporting Period.V Losses of Scope of Consolidated Financial Statements during the Reporting Period Exceeding
10% of Net Assets up the Period-end of Last Year
□ Applicable □ Not applicable
VI The Major Accounting Data and the Financial Indicators of the Recent 2 Years of the
Company up the Period-end
Unit: RMB’0000
Item 30 June 2026 31 December 2025 Change
Current ratio 1.34 1.40 -4.29%
Debt/asset ratio 52.69% 52.46% 0.23%
Quick ratio 1.10 1.13 -2.65%
Item H1 2026 H1 2025 Change
Net profit before exceptional
30082522822431.81%
gains and losses
EBITDA/debt ratio 18.51% 17.98% 0.53%
Interest cover (times) 5.24 3.41 53.67%
Cash-to-interest cover (times) 14.31 12.01 19.15%
EBITDA-to-interest cover
15.6114.458.03%
(times)
Loan repayment ratio (%) 100.00% 100.00% 0.00%
Interest payment ratio (%) 100.00% 100.00% 0.00%
61BOE Technology Group Co. Ltd. Interim Report 2026
Part VIII Financial Statements
I Independent Auditor’s Report
Are these interim financial statements audited by an independent auditor
□ Yes □ No
These interim financial statements have not been audited by an independent auditor.II Financial Statements
Currency unit for the financial statements and the notes thereto: RMB
1. Consolidated Balance Sheet
Prepared by BOE Technology Group Co. Ltd.
30 June 2026
Unit: RMB
Item 30 June 2026 1 January 2026
Current assets:
Monetary assets 72302319631.00 72222940175.00
Settlement reserve 0.00 0.00
Interbank loans granted 0.00 0.00
Held-for-trading financial assets 5708939566.00 1670548730.00
Derivative financial assets 0.00 0.00
Notes receivable 471119123.00 514647075.00
Accounts receivable 35294653880.00 32293002623.00
Accounts receivable financing 734742220.00 585672349.00
Prepayments 982797156.00 810701464.00
Premiums receivable 0.00 0.00
Reinsurance receivables 0.00 0.00
Receivable reinsurance contract reserve 0.00 0.00
Other receivables 627382701.00 822793900.00
Including: Interest receivable 0.00 0.00
Dividends receivable 7226258.00 177912109.00
Financial assets purchased under resale agreements 0.00 0.00
Inventories 26880611634.00 27748526136.00
Including: Data resource 0.00 0.00
Contract assets 367153318.00 393081902.00
Assets held for sale 0.00 0.00
Current portion of non-current assets 0.00 4081560.00
Other current assets 4331754253.00 4809821866.00
Total current assets 147701473482.00 141875817780.00
62BOE Technology Group Co. Ltd. Interim Report 2026
Non-current assets:
Loans and advances to customers 0.00 0.00
Investments in debt obligations 0.00 0.00
Investments in other debt obligations 0.00 0.00
Long-term receivables 0.00 0.00
Long-term equity investments 19552645317.00 18636209565.00
Investments in other equity instruments 428760100.00 536217192.00
Other non-current financial assets 1398216829.00 2874055003.00
Investment property 2295826077.00 2146616904.00
Fixed assets 174312160817.00 186299299142.00
Construction in progress 58925351259.00 52943124120.00
Productive living assets 0.00 0.00
Oil and gas assets 0.00 0.00
Right-of-use assets 780970858.00 807290109.00
Intangible assets 12301989996.00 12797518195.00
Including: Data resource 0.00 0.00
Development costs 131074324.00 123706247.00
Including: Data resource 0.00 0.00
Goodwill 653575022.00 653575022.00
Long-term prepaid expense 633830501.00 599601573.00
Deferred income tax assets 899145567.00 854033038.00
Other non-current assets 19040070620.00 15231258913.00
Total non-current assets 291353617287.00 294502505023.00
Total assets 439055090769.00 436378322803.00
Current liabilities:
Short-term borrowings 4684020328.00 3655021437.00
Borrowings from the central bank 0.00 0.00
Interbank loans obtained 0.00 0.00
Held-for-trading financial liabilities 0.00 0.00
Derivative financial liabilities 0.00 0.00
Notes payable 2867721829.00 1380128604.00
Accounts payable 39174438860.00 37242292283.00
Advances from customers 144785340.00 77763054.00
Contract liabilities 2135141804.00 2223451538.00
Financial assets sold under repurchase agreements 0.00 0.00
Customer deposits and interbank deposits 0.00 0.00
Payables for acting trading of securities 0.00 0.00
Payables for underwriting of securities 0.00 0.00
Employee benefits payable 3770139002.00 3584824383.00
Taxes payable 1231615541.00 1319215532.00
Other payables 20929208105.00 20889438382.00
Including: Interest payable 0.00 0.00
63BOE Technology Group Co. Ltd. Interim Report 2026
Dividends payable 79446438.00 40884271.00
Handling charges 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 30578162574.00 26670312919.00
Other current liabilities 4393409321.00 4349146900.00
Total current liabilities 109908642704.00 101391595032.00
Non-current liabilities:
Insurance contract reserve 0.00 0.00
Long-term borrowings 93648590646.00 101576573473.00
Bonds payable 12966552640.00 10968768052.00
Including: Preferred shares 0.00 0.00
Perpetual bonds 0.00 0.00
Lease liabilities 669537228.00 687762666.00
Long-term payables 2248710888.00 2348036273.00
Long-term employee benefits payable 0.00 0.00
Provisions 0.00 0.00
Deferred income 6156437988.00 6798033210.00
Deferred income tax liabilities 1920626598.00 1134894697.00
Other non-current liabilities 3827777940.00 3996902667.00
Total non-current liabilities 121438233928.00 127510971038.00
Total liabilities 231346876632.00 228902566070.00
Owners’ equity:
Share capital 37044328064.00 37413880464.00
Other equity instruments 0.00 0.00
Including: Preferred shares 0.00 0.00
Perpetual bonds 0.00 0.00
Capital reserves 48763101891.00 51859961722.00
Less: Treasury stock 2465510413.00 1499835264.00
Other comprehensive income -881260645.00 -766570036.00
Specific reserve 253227984.00 207330489.00
Surplus reserves 4035941610.00 4035830324.00
General reserve 0.00 0.00
Retained earnings 46386664533.00 43228031107.00
Total equity attributable to owners of the Company as the
133136493024.00134478628806.00
parent
Non-controlling interests 74571721113.00 72997127927.00
Total owners’ equity 207708214137.00 207475756733.00
Total liabilities and owners’ equity 439055090769.00 436378322803.00
Legal representative: Chen Yanshun Chairman of the Executive Committee: Feng Qiang
Chief Financial Officer: Yang Xiaoping Head of the financial department: Xu Yaxiao
2. Balance Sheet of the Company as the Parent
Unit: RMB
Item 30 June 2026 1 January 2026
Current assets:
64BOE Technology Group Co. Ltd. Interim Report 2026
Monetary assets 4912541038.00 4806197426.00
Held-for-trading financial assets 396701379.00 0.00
Derivative financial assets 0.00 0.00
Notes receivable 0.00 0.00
Accounts receivable 1815981006.00 2198992377.00
Accounts receivable financing 0.00 0.00
Prepayments 13619915.00 6603029.00
Other receivables 18306193164.00 22251324303.00
Including: Interest receivable 0.00 0.00
Dividends receivable 183813782.00 457514291.00
Inventories 26665502.00 26496574.00
Including: Data resource 0.00 0.00
Contract assets 0.00 0.00
Assets held for sale 0.00 0.00
Current portion of non-current assets 0.00 0.00
Other current assets 75677695.00 194206146.00
Total current assets 25547379699.00 29483819855.00
Non-current assets:
Investments in debt obligations 0.00 0.00
Investments in other debt obligations 0.00 0.00
Long-term receivables 0.00 0.00
Long-term equity investments 225827029365.00 223119069186.00
Investments in other equity instruments 51709950.00 76042654.00
Other non-current financial assets 1398216829.00 1712581473.00
Investment property 882456434.00 725255291.00
Fixed assets 2160101157.00 2259541327.00
Construction in progress 76916858.00 256643430.00
Productive living assets 0.00 0.00
Oil and gas assets 0.00 0.00
Right-of-use assets 172212636.00 10692642.00
Intangible assets 2947579392.00 3081721569.00
Including: Data resource 0.00 0.00
Development costs 0.00 0.00
Including: Data resource 0.00 0.00
Goodwill 0.00 0.00
Long-term prepaid expense 239020944.00 244430822.00
Deferred income tax assets 107714188.00 101328877.00
Other non-current assets 713494587.00 614663026.00
Total non-current assets 234576452340.00 232201970297.00
Total assets 260123832039.00 261685790152.00
Current liabilities:
Short-term borrowings 0.00 0.00
65BOE Technology Group Co. Ltd. Interim Report 2026
Held-for-trading financial liabilities 0.00 0.00
Derivative financial liabilities 0.00 0.00
Notes payable 0.00 0.00
Accounts payable 506986132.00 570702685.00
Advances from customers 814579.00 1129345.00
Contract liabilities 2048322.00 2528158.00
Employee benefits payable 183260893.00 303061711.00
Taxes payable 4751469.00 42036763.00
Other payables 5138394201.00 3547491173.00
Including: Interest payable 0.00 0.00
Dividends payable 6451170.00 6451170.00
Liabilities directly associated with assets held for sale 0.00 0.00
Current portion of non-current liabilities 13123981904.00 8338312344.00
Other current liabilities 58507709.00 87910687.00
Total current liabilities 19018745209.00 12893172866.00
Non-current liabilities:
Long-term borrowings 32360096000.00 39665261000.00
Bonds payable 12966552640.00 10968768052.00
Including: Preferred shares 0.00 0.00
Perpetual bonds 0.00 0.00
Lease liabilities 130319067.00 2607211.00
Long-term payables 2176842421.00 2247200008.00
Long-term employee benefits payable 0.00 0.00
Provisions 0.00 0.00
Deferred income 171517656.00 146860897.00
Deferred income tax liabilities 0.00 0.00
Other non-current liabilities 100350793679.00 96690793681.00
Total non-current liabilities 148156121463.00 149721490849.00
Total liabilities 167174866672.00 162614663715.00
Owners’ equity:
Share capital 37044328064.00 37413880464.00
Other equity instruments 0.00 0.00
Including: Preferred shares 0.00 0.00
Perpetual bonds 0.00 0.00
Capital reserves 47894707698.00 51061480294.00
Less: Treasury stock 2465510413.00 1499835264.00
Other comprehensive income -198356110.00 -217143204.00
Specific reserve 0.00 0.00
Surplus reserves 4035941610.00 4035830324.00
Retained earnings 6637854518.00 8276913823.00
Total owners’ equity 92948965367.00 99071126437.00
Total liabilities and owners’ equity 260123832039.00 261685790152.00
66BOE Technology Group Co. Ltd. Interim Report 2026
3. Consolidated Income Statement
Unit: RMB
Item H1 2026 H1 2025
1. Revenue 103132382859.00 101278182135.00
Including: Operating revenue 103132382859.00 101278182135.00
Interest income 0.00 0.00
Insurance premium income 0.00 0.00
Handling charge and commission income 0.00 0.00
2. Costs and expenses 100826938794.00 97921977321.00
Including: Cost of sales 87629902479.00 86687428435.00
Interest expense 0.00 0.00
Handling charge 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
0.000.00
reserve
Expenditure on policy dividends 0.00 0.00
Reinsurance premium expense 0.00 0.00
Taxes and surcharges 741056417.00 727647450.00
Selling expense 988066826.00 901999798.00
Administrative expense 3005196477.00 2845176749.00
R&D expense 6768051086.00 6046271393.00
Finance costs 1694665509.00 713453496.00
Including: Interest expense 1529738547.00 1681257729.00
Interest income 763001530.00 968531573.00
Add: Other income 1843037076.00 1430286217.00
Return on investment (“-” for loss) 1730780862.00 436619926.00
Including: Share of profit or loss of joint
1568456891.00-83513032.00
ventures and associates
Income from the derecognition of
0.000.00
financial 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) 2310378857.00 70061558.00
Credit impairment loss (“-” for loss) -25478099.00 -69119993.00
Asset impairment loss (“-” for loss) -910229676.00 -1160839005.00
Asset disposal income (“-” for loss) 8885053.00 36376196.00
3. Operating profit (“-” for loss) 7262818138.00 4099589713.00
Add: Non-operating income 15991677.00 137166225.00
Less: Non-operating expense 11578435.00 15969932.00
4. Profit before tax (“-” for loss) 7267231380.00 4220786006.00
Less: Income tax expense 2236296164.00 1191720067.00
5. Net profit (“-” for net loss) 5030935216.00 3029065939.00
67BOE Technology Group Co. Ltd. Interim Report 2026
5.1 By operating continuity
5.1.1 Net profit from continuing operations (“-”
5030935216.003029065939.00
for net loss)
5.1.2 Net profit from discontinued operations (“-”
0.000.00
for net loss)
5.2 By ownership
5.2.1 Net profit attributable to shareholders of the
5247660077.003246885779.00
Company as the parent (“-” for net loss)
5.2.2 Net profit attributable to non-controlling
-216724861.00-217819840.00
interests (“-” for net loss)
6. Other comprehensive income net of tax -171567993.00 338554661.00
Attributable to owners of the Company as the parent -140472983.00 338612857.00
6.1 Items that will not be reclassified to profit or loss -31285190.00 50810816.00
6.1.1 Changes caused by remeasurements on
0.000.00
defined benefit schemes
6.1.2 Other comprehensive income that will not
40585855.00-5767769.00
be reclassified to profit or loss under the equity method
6.1.3 Changes in the fair value of investments in
-71871045.0056578585.00
other equity instruments
6.1.4 Changes in the fair value arising from
0.000.00
changes in own credit risk
6.1.5 Other 0.00 0.00
6.2 Items that will be reclassified to profit or loss -109187793.00 287802041.00
6.2.1 Other comprehensive income that will be
918.0029792726.00
reclassified to profit or loss under the equity method
6.2.2 Changes in the fair value of investments in
0.000.00
other debt obligations
6.2.3 Other comprehensive income arising from
0.000.00
the reclassification of financial assets
6.2.4 Credit impairment allowance for
0.000.00
investments in other debt obligations
6.2.5 Reserve for cash flow hedges 0.00 0.00
6.2.6 Differences arising from the translation of
-109188711.00258009315.00
foreign currency-denominated financial statements
6.2.7 Other 0.00 0.00
Attributable to non-controlling interests -31095010.00 -58196.00
7. Total comprehensive income 4859367223.00 3367620600.00
Attributable to owners of the Company as the parent 5107187094.00 3585498636.00
Attributable to non-controlling interests -247819871.00 -217878036.00
8. Earnings per share
8.1 Basic earnings per share 0.14 0.09
8.2 Diluted earnings per share 0.14 0.09
Where business combinations under common control occurred in the current period the net profit achieved by the acquirees before
the combinations was RMB 0.00 with the amount for the same period of last year being RMB 0.00.Legal representative: Chen Yanshun Chairman of the Executive Committee: Feng Qiang
Chief Financial Officer: Yang Xiaoping Head of the financial department: Xu Yaxiao
4. Income Statement of the Company as the Parent
Unit: RMB
Item H1 2026 H1 2025
1. Operating revenue 2018038140.00 2209305359.00
Less: Cost of sales 20607388.00 5251116.00
Taxes and surcharges 17201498.00 21951042.00
68BOE Technology Group Co. Ltd. Interim Report 2026
Selling expense 0.00 0.00
Administrative expense 507999186.00 529405609.00
R&D expense 1484131258.00 1145400765.00
Finance costs 322006724.00 232338525.00
Including: Interest expense 459849354.00 253344446.00
Interest income 17162361.00 12655364.00
Add: Other income 18450101.00 42491176.00
Return on investment (“-” for loss) 740243877.00 -1449665.00
Including: Share of profit or loss of joint
332475006.00-32402599.00
ventures and associates
Income from the derecognition of
0.000.00
financial assets at amortized cost (“-” for loss)
Net gain on exposure hedges (“-” for loss) 0.00 0.00
Gain on changes in fair value (“-” for loss) 59134276.00 0.00
Credit impairment loss (“-” for loss) -3900.00 0.00
Asset impairment loss (“-” for loss) 0.00 0.00
Asset disposal income (“-” for loss) 10197.00 0.00
2. Operating profit (“-” for loss) 483926637.00 315999813.00
Add: Non-operating income 2836943.00 2819521.00
Less: Non-operating expense 428521.00 1079944.00
3. Profit before tax (“-” for loss) 486335059.00 317739390.00
Less: Income tax expense 63262945.00 22032095.00
4. Net profit (“-” for net loss) 423072114.00 295707295.00
4.1 Net profit from continuing operations (“-” for net
423072114.00295707295.00
loss)
4.2 Net profit from discontinued operations (“-” for
0.000.00
net loss)
5. Other comprehensive income net of tax 19899952.00 -3187896.00
5.1 Items that will not be reclassified to profit or loss 19899032.00 -3187896.00
5.1.1 Changes caused by remeasurements on
0.000.00
defined benefit schemes
5.1.2 Other comprehensive income that will not
40581830.00-5758639.00
be reclassified to profit or loss under the equity method
5.1.3 Changes in the fair value of investments in
-20682799.002570743.00
other equity instruments
5.1.4 Changes in the fair value arising from
0.000.00
changes in own credit risk
5.1.5 Other 0.00 0.00
5.2 Items that will be reclassified to profit or loss 920.00 0.00
5.2.1 Other comprehensive income that will be
920.000.00
reclassified to profit or loss under the equity method
5.2.2 Changes in the fair value of investments in
0.000.00
other debt obligations
5.2.3 Other comprehensive income arising from
0.000.00
the reclassification of financial assets
5.2.4 Credit impairment allowance for
0.000.00
investments in other debt obligations
5.2.5 Reserve for cash flow hedges 0.00 0.00
5.2.6 Differences arising from the translation of
0.000.00
foreign currency-denominated financial statements
69BOE Technology Group Co. Ltd. Interim Report 2026
5.2.7 Other 0.00 0.00
6. Total comprehensive income 442972066.00 292519399.00
7. Earnings per share
7.1 Basic earnings per share 0.012 0.008
7.2 Diluted earnings per share 0.012 0.008
5. Consolidated Cash Flow Statement
Unit: RMB
Item H1 2026 H1 2025
1. Cash flows from operating activities:
Proceeds from sale of commodities and rendering of
103928117857.00106607105952.00
services
Net increase in customer deposits and interbank
0.000.00
deposits
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
0.000.00
holders
Interest handling charges and commissions received 0.00 0.00
Net increase in interbank loans obtained 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 rebates 5792132079.00 5490090834.00
Cash generated from other operating activities 1922347345.00 4998741237.00
Subtotal of cash generated from operating activities 111642597281.00 117095938023.00
Payments for commodities and services 72109016860.00 77391480337.00
Net increase in loans and advances to customers 0.00 0.00
Net increase in deposits in the central bank and in
0.000.00
interbank loans granted
Payments for claims on original insurance contracts 0.00 0.00
Net increase in interbank loans granted 0.00 0.00
Interest handling charges and commissions paid 0.00 0.00
Policy dividends paid 0.00 0.00
Cash paid to and for employees 11004295420.00 11329436980.00
Taxes paid 3519292652.00 3262142807.00
Cash used in other operating activities 2265358256.00 2376570813.00
Subtotal of cash used in operating activities 88897963188.00 94359630937.00
Net cash generated from/used in operating activities 22744634093.00 22736307086.00
2. Cash flows from investing activities:
Proceeds from disinvestment 16311736315.00 24510460667.00
Return on investment 985622264.00 699326551.00
Net proceeds from the disposal of fixed assets
8646127.0011689182.00
intangible assets and other long-lived assets
Net proceeds from the disposal of subsidiaries and
0.000.00
other business units
Cash generated from other investing activities 198062768.00 173625393.00
Subtotal of cash generated from investing activities 17504067474.00 25395101793.00
Payments for the acquisition of fixed assets
14566237260.0021332237568.00
intangible assets and other long-lived assets
70BOE Technology Group Co. Ltd. Interim Report 2026
Payments for investments 18068764610.00 25162317676.00
Net increase in pledged loans granted 0.00 0.00
Net payments for the acquisition of subsidiaries and 0.00
0.00
other business units
Cash used in other investing activities 126295567.00 125822201.00
Subtotal of cash used in investing activities 32761297437.00 46620377445.00
Net cash generated from/used in investing activities -15257229963.00 -21225275652.00
3. Cash flows from financing activities:
Capital contributions received 1962737146.00 4224791800.00
Including: Capital contributions by non-controlling
1962737146.004224791800.00
interests to subsidiaries
Borrowings raised 21196690001.00 30193155843.00
Cash generated from other financing activities 2057274265.00 123902639.00
Subtotal of cash generated from financing activities 25216701412.00 34541850282.00
Repayment of borrowings 21628973734.00 36635251635.00
Interest and dividends paid 3922165823.00 4076249335.00
Including: Dividends paid by subsidiaries to non-
14027433.0010574619.00
controlling interests
Cash used in other financing activities 5152159163.00 7592864127.00
Subtotal of cash used in financing activities 30703298720.00 48304365097.00
Net cash generated from/used in financing activities -5486597308.00 -13762514815.00
4. Effect of foreign exchange rates changes on cash and
-775728091.0055584136.00
cash equivalents
5. Net increase in cash and cash equivalents 1225078731.00 -12195899245.00
Add: Cash and cash equivalents beginning of the
58211295777.0062005252511.00
period
6. Cash and cash equivalents end of the period 59436374508.00 49809353266.00
6. Cash Flow Statement of the Company as the Parent
Unit: RMB
Item H1 2026 H1 2025
1. Cash flows from operating activities:
Proceeds from sale of commodities and rendering of
2576435199.003356857499.00
services
Tax rebates 0.00 2007.00
Cash generated from other operating activities 389875726.00 214045555.00
Subtotal of cash generated from operating activities 2966310925.00 3570905061.00
Payments for commodities and services 1302714726.00 687792767.00
Cash paid to and for employees 770304136.00 843255241.00
Taxes paid 232602632.00 468518758.00
Cash used in other operating activities 231852421.00 628389154.00
Subtotal of cash used in operating activities 2537473915.00 2627955920.00
Net cash generated from/used in operating activities 428837010.00 942949141.00
2. Cash flows from investing activities:
Proceeds from disinvestment 207708000.00 179950500.00
Return on investment 766972227.00 1398958777.00
Net proceeds from the disposal of fixed assets
948130.00294103.00
intangible assets and other long-lived assets
Net proceeds from the disposal of subsidiaries and
0.000.00
other business units
Cash generated from other investing activities 3962807537.00 7139928711.00
Subtotal of cash generated from investing activities 4938435894.00 8719132091.00
Payments for the acquisition of fixed assets
271000793.00182776926.00
intangible assets and other long-lived assets
71BOE Technology Group Co. Ltd. Interim Report 2026
Payments for investments 3172042148.00 11018887123.00
Net payments for the acquisition of subsidiaries and
0.000.00
other business units
Cash used in other investing activities 161075012.00 640000000.00
Subtotal of cash used in investing activities 3604117953.00 11841664049.00
Net cash generated from/used in investing activities 1334317941.00 -3122531958.00
3. Cash flows from financing activities:
Capital contributions received 0.00 0.00
Borrowings raised 7280000000.00 8445000000.00
Cash generated from other financing activities 7317274265.00 9070000000.00
Subtotal of cash generated from financing activities 14597274265.00 17515000000.00
Repayment of borrowings 7284500000.00 10791250000.00
Interest and dividends paid 2740768882.00 2507028893.00
Cash used in other financing activities 6154899454.00 3116848782.00
Subtotal of cash used in financing activities 16180168336.00 16415127675.00
Net cash generated from/used in financing activities -1582894071.00 1099872325.00
4. Effect of foreign exchange rates changes on cash and
-64406981.00-5526253.00
cash equivalents
5. Net increase in cash and cash equivalents 115853899.00 -1085236745.00
Add: Cash and cash equivalents beginning of the
4590050317.004442011688.00
period
6. Cash and cash equivalents end of the period 4705904216.00 3356774943.00
72BOE Technology Group Co. Ltd. Interim Report 2026
7. Consolidated Statements of Changes in Owners’ Equity
H1 2026
Unit: RMB
H1 2026
Equity attributable to owners of the Company as the parent
Other equity
instruments
Ge
Pr
Item ne Non-
Less: Other Total owners’
Share ef Capital Specific Surplus ral Retained Oth controlling
Treasury comprehens Subtotal interests equity
capital err OtPerpetual reserves reserve reserves res earnings er
ed he stock ive income
bonds er
sh r ve
ar
es
1. Balance as at
37413-134478
the end of the 0. 0. 51859961 14998352 2073304 40358303 0. 43228031107. 729971279 207475756
8804640.00766570030.00628806.
period of prior 00 00 722.00 64.00 89.00 24.00 00 00 27.00 733.00.006.0000
year
Add:
Adjustment for
0.0.0.
change in 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
000000
accounting
policy
Adjustment
0.0.0.
for correction of 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
000000
previous error
Other 0. 0. 0.
0.000.000.000.000.000.000.000.000.000.000.000.00
adjustments 00 00 00
2. Balance as at
37413-134478
the beginning of 0. 0. 51859961 14998352 2073304 40358303 0. 43228031107. 729971279 207475756
8804640.00766570030.00628806.
the Reporting 00 00 722.00 64.00 89.00 24.00 00 00 27.00 733.00.006.0000
Period
3. Increase/ - 0. 0.00 0. - 96567514 - 4589749 111286.00 0. 3158633426.0 0.00 - 157459318 232457404.
73BOE Technology Group Co. Ltd. Interim Report 2026
decrease in the 369552 00 00 30968598 9.00 11469060 5.00 00 0 134213 6.00 00
period (“-” for 400.00 31.00 9.00 5782.00
decrease)
3.1 Total - -
0.0.0.5247660077.0510718485936722
comprehensive 0.00 0.00 0.00 0.00 14047298 0.00 0.00 0.00 247819871.
00000007094.003.00
income 3.00 00
3.2 Capital
----
increased and 0. 0. 96567514 0. 183780112
3695520.00295072000.000.000.000.000.00428594244814651
reduced by 00 00 9.00 00 3.00
400.0092.007641.008.00
owners
3.2.1 Ordinary
0.0.0.195824714195824714
shares increased 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0000007.007.00
by owners
3.2.2 Capital
increased by
0.0.0.
holders of other 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
000000
equity
instruments
3.2.3 Share-
based payments 0. 0. 74501412. 0. 745014 80804801.0
0.000.000.000.000.000.000.000.006303389.00
included in 00 00 00 00 12.00 0
owners’ equity
-----
0.0.965675140.
3.2.4 Other 369552 0.00 30252215 0.00 0.00 0.00 0.00 0.00 436044 126749413. 448719846
00009.0000
400.0004.009053.00006.00
----
3.3 Profit 0. 0. 0.
0.000.000.000.000.000.000.002063132991.00.0020631354899268.0211803225
distribution 00 00 00
02991.0009.00
3.3.1
Appropriation 0. 0. 0.
0.000.000.000.000.000.000.000.000.000.000.000.00
to surplus 00 00 00
reserves
3.3.2
Appropriation 0. 0. 0.
0.000.000.000.000.000.000.000.000.000.000.000.00
to general 00 00 00
reserve
74BOE Technology Group Co. Ltd. Interim Report 2026
3.3.3
----
Appropriation 0. 0. 0.
0.000.000.000.000.000.000.002063132991.00.0020631354899268.0211803225
to owners (or 00 00 00
02991.0009.00
shareholders)
0.0.0.
3.3.4 Other 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
000000
3.4 Transfers
0.0.25782374.0.
within owners’ 0.00 0.00 0.00 0.00 0.00 111286.00 -25893660.00 0.00 0.00 0.00 0.00
00000000
equity
3.4.1 Increase in
capital (or share 0. 0. 0.
0.000.000.000.000.000.000.000.000.000.000.000.00
capital) from 00 00 00
capital reserves
3.4.2 Increase in
capital (or share 0. 0. 0.
0.000.000.000.000.000.000.000.000.000.000.000.00
capital) from 00 00 00
surplus reserves
3.4.3 Loss
0.0.0.
offset by 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
000000
surplus reserves
3.4.4 Changes
in defined
benefit schemes 0. 0. 0.
0.000.000.000.000.000.000.000.000.000.000.000.00
transferred to 00 00 00
retained
earnings
3.4.5 Other
comprehensive
income 0. 0. 25782374. 0.
0.000.000.000.000.00111286.00-25893660.000.000.000.000.00
transferred to 00 00 00 00
retained
earnings
0.0.0.
3.4.6 Other 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
000000
3.5 Specific 0. 0. 4589749 0. 458974 13787581.0 59685076.0
0.000.000.000.000.000.000.000.00
reserve 00 00 5.00 00 95.00 0 0
75BOE Technology Group Co. Ltd. Interim Report 2026
3.5.1 Increase in 0. 0. 1139460 0. 113946 29933588.0 143879656.
0.000.000.000.000.000.000.000.00
the period 00 00 68.00 00 068.00 0 00
3.5.2 Used in 0. 0. 6804857 0. 680485 16146007.0 84194580.0
0.000.000.000.000.000.000.000.00
the period 00 00 3.00 00 73.00 0 0
---
0.0.0.25723621.0
3.6 Other 0.00 0.00 14613973 0.00 0.00 0.00 0.00 0.00 0.00 146139 120416118.
0000000
9.00739.0000
4. Balance as at
37044-133136
the end of the 0. 0. 48763101 24655104 2532279 40359416 0. 46386664533. 745717211 207708214
3280640.00881260640.00493024.
Reporting 00 00 891.00 13.00 84.00 10.00 00 00 13.00 137.00.005.0000
Period
H1 2025
Unit: RMB
H1 2025
Equity attributable to owners of the Company as the parent
Other equity G
instruments en
Item Other er Non-
Less: Ot Total owners’
Share Pre Capital comprehen Specific Surplus al Retained controlling
Treasury he Subtotal equity
capital fer OtPerpetual reserves sive reserve reserves re earnings
interests
red he stock r
bonds income se
sha r rv
res e
1. Balance as at
-
the end of the 37645016 0.0 2043402 0. 52207573 1216490 1392276 3879754 0. 39410894 0. 132937555 71608616 20454617174
1171823
period of prior 203.00 0 946.00 00 706.00 683.00 64.00 479.00 00 857.00 00 308.00 436.00 4.00
864.00
year
Add:
Adjustment for
0.00.0.0.
change in 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0000000
accounting
policy
Adjustment for 0.0 0. 0. 0.
0.000.000.000.000.000.000.000.000.000.000.00
correction of 0 00 00 00
76BOE Technology Group Co. Ltd. Interim Report 2026
previous error
Other 0.0 0. 0. 0.
0.000.000.000.000.000.000.000.000.000.000.00
adjustments 0 00 00 00
2. Balance as at
-
the beginning of 37645016 0.0 2043402 0. 52207573 1216490 1392276 3879754 0. 39410894 0. 132937555 71608616 20454617174
1171823
the Reporting 203.00 0 946.00 00 706.00 683.00 64.00 479.00 00 857.00 00 308.00 436.00 4.00
864.00
Period
3. Increase/
------
decrease in the 0.0 0. 33861285 5228057 0. 13602739 0. 53767310.
2311357320434025569767311341150.00136303511309267815.
period (“-” for 0 00 7.00 1.00 00 47.00 00 00
9.00946.002.00352.0025.0000
decrease)
3.1 Total -
0.00.338612850.324688570.358549863367620600.
comprehensive 0.00 0.00 0.00 0.00 0.00 0.00 21787803
0007.000079.000036.0000
income 6.00
3.2 Capital
-------
increased and 0.0 0. 0. 0.
2311357319893207881538111341150.000.000.000.0018744949889181612763676572.
reduced by 0 00 00 00
9.00755.005.00352.0057.005.0000
owners
3.2.1 Ordinary -
0.00.0.0.-
shares increased 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 88929470
0000000889294700.00
by owners 0.00
3.2.2 Capital
increased by - - - -
0.00.0.0.
holders of other 0.00 1989320 10679245. 0.00 0.00 0.00 0.00 0.00 20000000 0.00 2000000000.
0000000
equity 755.00 00 00.00 00
instruments
3.2.3 Share-
based payments 0.0 0. 1265498.0 0. 0. 1265498.0
0.000.000.000.000.000.000.00113085.001378583.00
included in 0 00 0 00 00 0
owners’ equity
---
0.00.0.0.124239545
3.2.4 Other 23113573 0.00 77874006 1134115 0.00 0.00 0.00 0.00 0.00 124239545.00
0000000.00
9.008.00352.00
3.3 Profit 0.0 - 0. 0. - 0. - - -
0.000.000.000.000.000.00
distribution 0 5408219 00 00 18866118 00 19406940 56954499. 1997648522.
77BOE Technology Group Co. Ltd. Interim Report 2026
1.0032.0023.000000
3.3.1
0.00.0.0.
Appropriation to 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0000000
surplus reserves
3.3.2
0.00.0.0.
Appropriation to 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0000000
general reserve
3.3.3
----
Appropriation to 0.0 0. 0. 0.
0.000.000.000.000.000.000.00187069401870694056954499.1927648522.
owners (or 0 00 00 00
23.0023.000000
shareholders)
---
0.00.0.0.
3.3.4 Other 0.00 5408219 0.00 0.00 0.00 0.00 0.00 15917809. 70000000. 0.00 -70000000.00
0000000
1.000000
3.4 Transfers
0.00.0.0.
within owners’ 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0000000
equity
3.4.1 Increase in
capital (or share 0.0 0. 0. 0.
0.000.000.000.000.000.000.000.000.000.000.00
capital) from 0 00 00 00
capital reserves
3.4.2 Increase in
capital (or share 0.0 0. 0. 0.
0.000.000.000.000.000.000.000.000.000.000.00
capital) from 0 00 00 00
surplus reserves
3.4.3 Loss offset
0.00.0.0.
by surplus 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0000000
reserves
3.4.4 Changes in
defined benefit
schemes 0.0 0. 0. 0.
0.000.000.000.000.000.000.000.000.000.000.00
transferred to 0 00 00 00
retained
earnings
3.4.5 Other 0.00 0.0 0.00 0. 0.00 0.00 0.00 0.00 0.00 0. 0.00 0. 0.00 0.00 0.00
78BOE Technology Group Co. Ltd. Interim Report 2026
comprehensive 0 00 00 00
income
transferred to
retained
earnings
0.00.0.0.
3.4.6 Other 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0000000
3.5 Specific 0.0 0. 5228057 0. 0. 52280571. 10571272.
0.000.000.000.000.000.000.0062851843.00
reserve 0 00 1.00 00 00 00 00
3.5.1 Increase in 0.0 0. 1108267 0. 0. 110826748 28238364.
0.000.000.000.000.000.000.00139065112.00
the period 0 00 48.00 00 00 .00 00
3.5.2 Used in 0.0 0. 5854617 0. 0. 58546177. 17667092.
0.000.000.000.000.000.000.0076213269.00
the period 0 00 7.00 00 00 00 00
-
0.00.231177080.0.231177083
3.6 Other 0.00 0.00 0.00 0.00 0.00 0.00 0.00 20959224 21584836.00
0003.000000.00
7.00
4. Balance as at
-
the end of the 37413880 0.0 0. 51650596 82375331 1915082 3879754 0. 40771168 0. 132991322 70245581 20323690392
0.0083321100
Reporting 464.00 0 00 974.00 .00 35.00 479.00 00 804.00 00 618.00 311.00 9.00
7.00
Period
8. Statements of Changes in Owners’ Equity of the Company as the Parent
H1 2026
Unit: RMB
H1 2026
Other equity instruments Spe
Pre cifi
Item Other
ferr Less: Treasury c Surplus Retained OthShare capital Perpetual Oth Capital reserves comprehensi Total owners’ equity
ed stock res reserves earnings er
bonds er ve income
sha erv
res e
1. Balance as at 0.0 0.0 51061480294. 1499835264. - 0.0 4035830324. 8276913823. 0.0
37413880464.000.0099071126437.00
the end of the 0 0 00 00 217143204. 0 00 00 0
79BOE Technology Group Co. Ltd. Interim Report 2026
period of prior 00
year
Add:
Adjustment for
0.00.00.00.0
change in 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0000
accounting
policy
Adjustment
0.00.00.00.0
for correction of 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0000
previous error
Other 0.0 0.0 0.0 0.0
0.000.000.000.000.000.000.000.00
adjustments 0 0 0 0
2. Balance as at
-
the beginning of 0.0 0.0 51061480294. 1499835264. 0.0 4035830324. 8276913823. 0.0
37413880464.000.00217143204.99071126437.00
the Reporting 0 0 00 00 0 00 00 0
00
Period
3. Increase/
--
decrease in the 0.0 0.0 18787094.0 0.0 0.0
-369552400.000.003166772596.0965675149.00111286.001639059305.-6122161070.00
period (“-” for 0 0 0 0 0
000
decrease)
3.1 Total
0.00.019899952.00.00.0
comprehensive 0.00 0.00 0.00 0.00 0.00 423072114.00 442972066.00
00000
income
3.2 Capital
-
increased and 0.0 0.0 0.0 0.0
-369552400.000.003071166116.0965675149.000.000.000.00-4406393665.00
reduced by 0 0 0 0
0
owners
3.2.1 Ordinary
0.00.00.00.0
shares increased 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0000
by owners
3.2.2 Capital
increased by
0.00.00.00.0
holders of other 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0000
equity
instruments
80BOE Technology Group Co. Ltd. Interim Report 2026
3.2.3 Share-
based payments 0.0 0.0 0.0 0.0
0.000.0080804801.000.000.000.000.0080804801.00
included in 0 0 0 0
owners’ equity
-
0.00.00.00.0
3.2.4 Other -369552400.00 0.00 3151970917.0 965675149.00 0.00 0.00 0.00 -4487198466.00
0000
0
-
3.3 Profit 0.0 0.0 0.0 0.0
0.000.000.000.000.000.002063132991.-2063132991.00
distribution 0 0 0 0
00
3.3.1
0.00.00.00.0
Appropriation to 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0000
surplus reserves
3.3.2
-
Appropriation to 0.0 0.0 0.0 0.0
0.000.000.000.000.000.002063132991.-2063132991.00
owners (or 0 0 0 0
00
shareholders)
0.00.00.00.0
3.3.3 Other 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0000
3.4 Transfers
0.00.00.00.0
within owners’ 0.00 0.00 0.00 0.00 -1112858.00 111286.00 1001572.00 0.00
0000
equity
3.4.1 Increase in
capital (or share 0.0 0.0 0.0 0.0
0.000.000.000.000.000.000.000.00
capital) from 0 0 0 0
capital reserves
3.4.2 Increase in
capital (or share 0.0 0.0 0.0 0.0
0.000.000.000.000.000.000.000.00
capital) from 0 0 0 0
surplus reserves
3.4.3 Loss offset
0.00.00.00.0
by surplus 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0000
reserves
3.4.4 Changes
0.00.00.00.0
in defined 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0000
benefit schemes
81BOE Technology Group Co. Ltd. Interim Report 2026
transferred to
retained
earnings
3.4.5 Other
comprehensive
income 0.0 0.0 0.0 0.0
0.000.000.000.00-1112858.00111286.001001572.000.00
transferred to 0 0 0 0
retained
earnings
0.00.00.00.0
3.4.6 Other 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0000
3.5 Specific 0.0 0.0 0.0 0.0
0.000.000.000.000.000.000.000.00
reserve 0 0 0 0
3.5.1 Increase in 0.0 0.0 0.0 0.0
0.000.000.000.000.000.000.000.00
the period 0 0 0 0
3.5.2 Used in 0.0 0.0 0.0 0.0
0.000.000.000.000.000.000.000.00
the period 0 0 0 0
0.00.00.00.0
3.6 Other 0.00 0.00 -95606480.00 0.00 0.00 0.00 0.00 -95606480.00
0000
4. Balance as at
-
the end of the 0.0 0.0 47894707698. 2465510413. 0.0 4035941610. 6637854518. 0.0
37044328064.000.00198356110.92948965367.00
Reporting 0 0 00 00 0 00 00 0
00
Period
H1 2025
Unit: RMB
H1 2025
Other equity instruments Speci
Item Less: Other fic Surplus Retained Oth
Share capital Prefer Perpetual Oth Capital reserves Treasury comprehensiv Total owners’ equity
red reser reserves earnings er
bonds er stock e income
shares ve
1. Balance as at
-
the end of the 37645016203. 2043402946. 0.0 51871366552. 121649068 387975447 8758843050. 0.0
0.00267884908.0.00102714007639.00
period of prior 00 00 0 00 3.00 9.00 00 0
00
year
82BOE Technology Group Co. Ltd. Interim Report 2026
Add: Adjustment
0.00.0
for change in 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
00
accounting policy
Adjustment for
0.00.0
correction of 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
00
previous error
Other 0.0 0.0
0.000.000.000.000.000.000.000.000.000.00
adjustments 0 0
2. Balance as at
-
the beginning of 37645016203. 2043402946. 0.0 51871366552. 121649068 387975447 8758843050. 0.0
0.00267884908.0.00102714007639.00
the Reporting 00 00 0 00 3.00 9.00 00 0
00
Period
3. Increase/
---
decrease in the 0.0 0.0
-231135739.000.002043402946.-788167112.00113411535-3187896.000.000.001590904537.-3522682878.00
period (“-” for 0 0
002.0000
decrease)
3.1 Total
0.00.0
comprehensive 0.00 0.00 0.00 0.00 0.00 -3187896.00 0.00 0.00 295707295.00 292519399.00
00
income
3.2 Capital
--
increased and 0.0 0.0
-231135739.000.001989320755.-788040730.001134115350.000.000.000.00-1874381872.00
reduced by 0 0
002.00
owners
3.2.1 Ordinary
0.00.0
shares increased 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
00
by owners
3.2.2 Capital
-
increased by 0.0 0.0
0.000.001989320755.-10679245.000.000.000.000.000.00-2000000000.00
holders of other 0 0
00
equity instruments
3.2.3 Share-based
payments 0.0 0.0
0.000.000.001378583.000.000.000.000.000.001378583.00
included in 0 0
owners’ equity
83BOE Technology Group Co. Ltd. Interim Report 2026
-
0.00.0
3.2.4 Other -231135739.00 0.00 0.00 -778740068.00 113411535 0.00 0.00 0.00 0.00 124239545.00
00
2.00
-
3.3 Profit 0.0 0.0
0.000.00-54082191.000.000.000.000.000.001886611832.-1940694023.00
distribution 0 0
00
3.3.1
0.00.0
Appropriation to 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
00
surplus reserves
3.3.2
-
Appropriation to 0.0 0.0
0.000.000.000.000.000.000.000.001870694023.-1870694023.00
owners (or 0 0
00
shareholders)
0.00.0
3.3.3 Other 0.00 0.00 -54082191.00 0.00 0.00 0.00 0.00 0.00 -15917809.00 -70000000.00
00
3.4 Transfers
0.00.0
within owners’ 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
00
equity
3.4.1 Increase in
capital (or share 0.0 0.0
0.000.000.000.000.000.000.000.000.000.00
capital) from 0 0
capital reserves
3.4.2 Increase in
capital (or share 0.0 0.0
0.000.000.000.000.000.000.000.000.000.00
capital) from 0 0
surplus reserves
3.4.3 Loss offset
0.00.0
by surplus 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
00
reserves
3.4.4 Changes in
defined benefit
0.00.0
schemes 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
00
transferred to
retained earnings
3.4.5 Other 0.0 0.0
0.000.000.000.000.000.000.000.000.000.00
comprehensive 0 0
84BOE Technology Group Co. Ltd. Interim Report 2026
income
transferred to
retained earnings
0.00.0
3.4.6 Other 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
00
3.5 Specific 0.0 0.0
0.000.000.000.000.000.000.000.000.000.00
reserve 0 0
3.5.1 Increase in 0.0 0.0
0.000.000.000.000.000.000.000.000.000.00
the period 0 0
3.5.2 Used in the 0.0 0.0
0.000.000.000.000.000.000.000.000.000.00
period 0 0
0.00.0
3.6 Other 0.00 0.00 0.00 -126382.00 0.00 0.00 0.00 0.00 0.00 -126382.00
00
4. Balance as at -
37413880464.0.051083199440.82375331.03879754477167938513.0.0
the end of the 0.00 0.00 271072804. 0.00 99191324761.00
0000009.00000
Reporting Period 00
85BOE Technology Group Co. Ltd. Interim Report 2026
III Company Profile
BOE Technology Group Company Limited (the “Company”) is a company limited by shares established on 9 April 1993 in Beijing
with its head office located at Beijing. The parent of the Company and the Company’s ultimate holding company is Beijing Electronics
Holdings Co. Ltd. (“Beijing Electronics Holdings”). The Company and its subsidiaries (referred to as the “Group”) comprise five main
business segments: display business Internet of Things (IoT) innovation business sensor business MLED business smart medicine
engineering business. For information about the subsidiaries of the Company refer to Note X.IV Basis for the Preparation of Financial Statements
1. Preparation Basis
The financial statements have been prepared on the basis of going concern.
2. Continuing Operations
The Company had the continuing operations ability within 12 months since the end of the Reporting Period.V Significant Accounting Policies and Estimates
Reminder of the specific accounting policies and estimates:
Naught
1. Statement of Compliance with the Accounting Standards for Business Enterprises
The financial statements have been prepared in accordance with the requirements of Accounting Standards for Business Enterprises
which are also referred to as China Accounting Standards (“CAS”) issued by the Ministry of Finance (“MOF”) of the People’s
Republic of China. These financial statements present truly and completely the consolidated and company financial position of the
Company as at 30 June 2026 and the consolidated and company financial performance and cash flows of the Company for the half
year then ended.These financial statements also comply with the disclosure requirements of “Regulation on the Preparation of Information Disclosuresby Companies Issuing Securities No. 15: General Requirements for Financial Reports” as revised by the China Securities Regulatory
Commission (“CSRC”) in 2023.
2. Accounting period
The accounting year of the Group is from January 1st to June 30st.
3. Operating Cycle
The Company regarded the period from purchasing the assets for processing to realizing the cash or cash equivalents as the normal
operating cycle. The operating cycle of the main business of the Company usually is less than 12 months.
86BOE Technology Group Co. Ltd. Interim Report 2026
4. Recording Currency
The Company’s functional currency is Renminbi. These financial statements are presented in Renminbi. The basis of choosing the
functional currency for the Company and its subsidiaries is that it’s the pricing and settlement currency for the main business. Some
subsidiaries of the Company adopt the currency other than RMB as the recording currency. The Company translates the foreign
currency financial statement of subsidiaries when compiling the financial statement in accordance with V Significant Accounting
Policies and Estimates-10. Foreign Currency Businesses and Translation of Foreign Currency Financial Statements.
5. Method Used to Determine the Materiality Threshold and the Basis for Selection
□ Applicable □ Not applicable
Item Materiality threshold
Significant receivables for which provisions for bad and
doubtful are individually assessed recoveries or reversals and Amount of the individual accounts receivable ≥ RMB50 million
written-offs
Significant prepayments contract liabilities accounts payable Amount of the individual prepayments exceeds 0.5% of the
and other payables with ageing of more than one year Group’s total assets
Accumulated carrying amount of individual item at the end of
Significant construction projects in progress
the period exceeds RMB10 billion
Carrying amount of long-term equity investments in individual
Significant non-wholly-owned subsidiaries，joint ventures or investee exceed 5% of the Group’s total assets; total revenue ofassociates non-wholly-owned subsidiaries exceed 5% of the Group’s total
revenue
Accumulated expenditure of individual R&D project exceeds
Significant capitalized R&D projects
0.5% of the Group’s total assets
6. Accounting Treatments for a Business Combination Involving Entities Under and those not Under
Common Control
A transaction or event constitutes a business combination when the Group obtains control of one or more entities (or a group of assets
or net assets) which meet the definition of a business. Business combinations are classified as either business combinations involving
enterprises under common control or business combinations not involving enterprises under common control.For a transaction not involving enterprises under common control the acquirer determines whether an acquired set of assets constitutes
a business. The Group may elect to apply the simplified assessment method the concentration test to determine whether an acquired
set of assets is a business. If the concentration test is met the set of assets is determined not to be a business no further assessment is
needed. If the concentration test is not met the Group should perform the assessment according to the guidance on the determination
of a business.When the set of assets the Group acquired does not constitute a business acquisition costs should be allocated to each identifiable asset
and liability on the basis of their relative fair values at the date of acquisition. The accounting treatments for business combinations
described below are not applied.
(1) Business combination involving entities under common control
A business combination involving entities under common control is a business combination in which all of the combining entities are
ultimately controlled by the same party or parties both before and after the business combination and that control is not transitory. The
assets acquired and liabilities assumed are measured based on their carrying amounts in the consolidated financial statements of the
ultimate controlling party at the combination date. The difference between the share of carrying amount of the net assets acquired and
87BOE Technology Group Co. Ltd. Interim Report 2026
the consideration paid for the combination (or the total par value of shares issued) is adjusted against share premium in the capital
reserve with any excess deducted from surplus reserve and retained earnings sequentially. Any costs directly attributable to the
combination are recognized in profit or loss when incurred. The combination date is the date on which one combining entity obtains
control of other combining entities.
(2) Business combinations involving entities not under common control
A business combination involving entities not under common control is a business combination in which all of the combining entities
are not ultimately controlled by the same party or parties both before and after the business combination. The Group as the acquirer
the sum of the fair value of the assets paid (including the equity of the acquiree held before the acquisition date) liabilities incurred or
assumed and equity securities issued on the acquisition date minus the fair value share of the identifiable net assets of the acquiree
acquired in the merger on the acquisition date after considering the impact of relevant deferred income tax if it is positive it will be
recognized as goodwill (see V Significant Accounting Policies and Estimates 42. Other Significant Accounting Policies and Estimates
(5) Goodwill). If it is negative it will be recognized in profit or loss for the current period. The costs of issuing equity or debt securities
as a part of the consideration for the acquisition are included in the carrying amounts of these equity or debt securities upon initial
recognition. Other acquisition-related costs are expensed when incurred. Any difference between the fair value and the carrying amount
of the assets transferred as consideration is recognized in profit or loss. The acquiree’s identifiable assets liabilities and contingent
liabilities if the recognition criteria are met are recognized by the Group at their acquisition-date fair values. The acquisition date is
the date on which the acquirer obtains control of the acquiree.
7. Criterion of Control and Preparation Methods for Consolidated Financial Statements
(1) General principle
The scope of consolidated financial statements is based on control and the consolidated financial statements comprise the Company
and its subsidiaries. Control exists when the investor has all of the following: power over the investee; exposure or rights to variable
returns from its involvement with the investee; and the ability to affect those returns through its power over the investee. The financial
position financial performance and cash flows of subsidiaries are included in the consolidated financial statements from the date that
control commences until the date that control ceases.Intra-group balances and transactions and any unrealized profit or loss arising from intra-group transactions are eliminated in
preparing the consolidated financial statements. Unrealized losses resulting from intra-group transactions are eliminated in the same
way as unrealized gains but only to the extent that there is no evidence of impairment.
(2) Acquiring the subsidiaries from merger
Where a subsidiary was acquired during the Reporting Period through a business combination involving entities under common control
the financial statements of the subsidiary are included in the consolidated financial statements based on book value in the consolidated
balance sheet of the subsidiary’s assets liabilities and results of operations as if the combination had occurred at the date that common
control was established. Therefore the opening balances and the comparative figures of the consolidated financial statements are
restated.Where a subsidiary was acquired during the Reporting Period through a business combination involving entities not under common
control when prepared the consolidated financial statements the Company shall include the acquired subsidiaries into the consolidated
scope from the acquisition date basing on the fair value of the identifiable assets liabilities at the acquisition date.
(3) Disposal of subsidiaries
Where the control of former subsidiary was lost any disposal profit or loss occurred shall be recorded into the investment income
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during the period of losing control right. As for remaining equity investment the Group will re-account it according to the fair value
at the date the control was lost. Any profit or loss occurred shall be recorded into the investment income during the period of losing
control right.
(4) Changes in non-controlling interests
Where the Company acquires more interest in a subsidiary from the subsidiary’s non-controlling shareholders or disposes of a portion
of an interest in a subsidiary without losing control the difference between the portion of the interest in the subsidiary’s net assets
being acquired or disposed of and the amount of the consideration paid or received is adjusted to the capital reserve (share premium)
in the consolidated balance sheet with any excess deducted from surplus reserve and retained earnings sequentially.
8. Classification of Joint Arrangements and Accounting Treatment of Joint Operations
A joint arrangement refers to an arrangement jointly controlled by two participants or above and all the participants are restricted by
the arrangement; and two or more participants execute the jointly control on the arrangement. Any of the participant should not
individually control the arrangement while any of the participant that owns the jointly control could stop other participants or the
participants group from individually control the arrangement. Joint arrangements divided into joint operations and joint ventures. A
joint operation refers to a joint arrangement where the participant party enjoys assets and has to bear liabilities related to the arrangement.A joint venture refers to a joint arrangement where the participant party is only entitled to the net assets of the arrangement. In joint
operations the participant party should confirm the following items related to the interests portion among the jointly operation and
execute the accounting treatment according to the regulations of the relevant ASBE: recognizes the assets and liabilities that it holds
and bears in the joint operation and recognizes the jointly-held assets and jointly-borne liabilities according to the Group’s stake in the
joint operation; recognizes the income from sale of the Group’s share in the output of the joint operation; recognizes the income from
sale of the joint operation’s outputs according to the Group’s stake in it; and recognizes the expense solely incurred to the Group and
the expense incurred to the joint operation according to the Group’s stake in it.
9. Recognition Standard for Cash and Cash Equivalents
In the Group’s understanding cash and cash equivalents include cash on hand any deposit that can be used for cover and short-term
and high circulating investments which are easily convertible into known amount of cash and whose risks in change of value are
minimal.
10. Foreign Currency Businesses and Translation of Foreign Currency Financial Statements
When the Group receives capital in foreign currencies from investors the capital is translated to Renminbi at the spot exchange rate at
the date of the receipt. Other foreign currency transactions are on initial recognition translated to Renminbi at the spot exchange rates
at the dates of the transactions.Monetary items denominated in foreign currencies are translated to Renminbi at the spot exchange rate at the balance sheet date. The
resulting exchange differences are generally recognized in profit or loss unless they arise from the re-translation of the principal and
interest of specific borrowings for the acquisition and construction of qualifying assets (see V Significant Accounting Policies and
Estimates 26. Borrowing Costs). Non-monetary items that are measured at historical cost in foreign currencies are translated to
Renminbi using the exchange rate at the transaction date. Non-monetary items that are measured at fair value in foreign currencies are
translated using the exchange rate at the date the fair value is determined. The resulting exchange differences are recognized in profit
or loss except for the differences arising from the re-translation of equity investments at fair value through other comprehensive income
which are recognized in other comprehensive income.
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In translating the financial statements of a foreign operation assets and liabilities of foreign operation are translated to Renminbi at the
spot exchange rate at the balance sheet date. Equity items excluding retained earnings and the translation differences in other
comprehensive income are translated to Renminbi at the spot exchange rates at the transaction dates. Income and expenses of foreign
operation are translated to Renminbi at rates that approximate the spot exchange rates at the transaction dates. The resulting translation
differences are recognized in other comprehensive income. At the time of disposal of overseas operations the relevant translation
differences arising from translation of foreign currency financial statements is transferred from shareholders’ equity to the current profit
and loss of disposal.Foreign currency cash flows and cash flows of overseas subsidiaries are translated to Renminbi at rates that approximate the spot
exchange rates at the date the cash flows occur. The effect of exchange rate changes on cash is presented separately as a reconciling
item in the statement of cash flows.
11. Financial instruments
Financial instruments of the Group include monetary assets bond investments equity investments other than long-term equity
investments (see V Significant Accounting Policies and Estimates 22. Long-term Equity Investments) accounts receivable accounts
payable borrowings bonds payable share capital etc.
(1) Recognition and initial measurement of financial assets and financial liabilities
A financial asset or financial liability is recognized in the balance sheet when the Group becomes a party to the contractual provisions
of a financial instrument.Financial assets and financial liabilities are measured initially at fair value. For financial assets and financial liabilities measured at fair
value through profit or loss any related directly attributable transaction costs are charged to profit or loss; for other categories of
financial assets and financial liabilities any related directly attributable transaction costs are included in their initial costs. Trade
receivables that do not have a significant financing component or do not account for the significant financing component in one-year-
or-less contracts under the practical expedient are initially measured at the transaction price in accordance with V Significant
Accounting Policies and Estimates 37. Revenue.
(2) Classification and subsequent measurement of financial assets
(a) Classification of financial assets
The classification of financial assets is generally based on the business model in which a financial asset is managed and its contractual
cash flow characteristics. On initial recognition a financial asset is classified as measured at amortized cost at fair value through other
comprehensive income (“FVOCI”) or at fair value through profit or loss (“FVTPL”).Financial assets are not reclassified subsequent to their initial recognition unless the Group changes its business model for managing
financial assets in which case all affected financial assets are reclassified on the first day of the first reporting period following the
change in the business model.A financial asset is measured at amortized cost if it meets both of the following conditions and is not designated as at FVTPL:
- it is held within a business model whose objective is to hold assets to collect contractual cash flows; and
90BOE Technology Group Co. Ltd. Interim Report 2026
- its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal
amount outstanding.A debt investment is measured at FVOCI if it meets both of the following conditions and is not designated as at FVTPL:
- it is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets;
and
- its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal
amount outstanding.On initial recognition of an equity investment that is not held for trading the Group may irrevocably elect to present subsequent changes
in the investment’s fair value in other comprehensive income. This election is made on an investment-by-investment basis. The
instrument meets the definition of equity from the perspective of the issuer.All financial assets not classified as measured at amortized cost or FVOCI as described above are measured at FVTPL.The business model refers to how the Group manages its financial assets in order to generate cash flows. That is the Group’s business
model determines whether cash flows will result from collecting contractual cash flows selling financial assets or both. The Group
determines the business model for managing the financial assets according to the facts and based on the specific business objective for
managing the financial assets determined by the Group’s key management personnel.In assessing whether the contractual cash flows are solely payments of principal and interest the Group considers the contractual terms
of the instrument. For the purposes of this assessment ‘principal’ is defined as the fair value of the financial asset on initial recognition.‘Interest’ is defined as consideration for the time value of money and for the credit risk associated with the principal amount outstanding
during a particular period of time and for other basic lending risks and costs as well as a profit margin. The Group also assesses whether
the financial asset contains a contractual term that could change the timing or amount of contractual cash flows such that it would not
meet this condition.(b) Subsequent measurement of financial assets
- Financial assets at FVTPL
These financial assets are subsequently measured at fair value. Net gains and losses including any interest or dividend income are
recognized in profit or loss unless the financial assets are part of a hedging relationship.- Financial assets at amortized cost
These assets are subsequently measured at amortized cost using the effective interest method. A gain or loss on a financial asset that is
measured at amortized cost and is not part of a hedging relationship shall be recognized in profit or loss when the financial asset is
derecognized reclassified through the amortization process or in order to recognize impairment gains or losses.- Debt investments at FVOCI
These assets are subsequently measured at fair value. Interest income calculated using the effective interest method impairment and
foreign exchange gains and losses are recognized in profit or loss. Other net gains and losses are recognized in other comprehensive
91BOE Technology Group Co. Ltd. Interim Report 2026
income. On derecognition gains and losses accumulated in other comprehensive income are reclassified to profit or loss.- Equity investments at FVOCI
These assets are subsequently measured at fair value. Dividends are recognized as income in profit or loss. Other net gains and losses
are recognized in other comprehensive income. No impairment allowance shall be provided. On derecognition gains and losses
accumulated in other comprehensive income are reclassified to retained earnings.
(3) Classification and subsequent measurement of financial liabilities
Financial liabilities are classified as measured at FVTPL or amortized cost.- Financial liabilities at FVTPL
A financial liability is classified as at FVTPL if it is classified as held-for-trading (including derivative financial liability) or it is
designated as such on initial recognition.Financial liabilities at FVTPL are subsequently measured at fair value and net gains and losses including any interest expense are
recognized in profit or loss unless the financial liabilities are part of a hedging relationship.- Financial liabilities at amortized cost
These financial liabilities are subsequently measured at amortized cost using the effective interest method.
(4) Offsetting
Financial assets and financial liabilities are generally presented separately in the balance sheet and are not offset. However a financial
asset and a financial liability are offset and the net amount is presented in the balance sheet when both of the following conditions are
satisfied:
- The Group currently has a legally enforceable right to set off the recognized amounts；
- The Group intends either to settle on a net basis or to realize the financial asset and settle the financial liability simultaneously.
(5) Derecognition of financial assets and financial liabilities
Financial asset is derecognized when one of the following conditions is met:
- the Group’s contractual rights to the cash flows from the financial asset expire;
- the financial asset has been transferred and the Group transfers substantially all of the risks and rewards of ownership of the
financial asset; or；
- the financial asset has been transferred although the Group neither transfers nor retains substantially all of the risks and rewards
of ownership of the financial asset it does not retain control over the transferred asset.Where a transfer of a financial asset in its entirety meets the criteria for derecognition the difference between the two amounts below
is recognized in profit or loss:
- the carrying amount of the financial asset transferred measured at the date of derecognition;
- the sum of the consideration received from the transfer and when the transferred financial asset is a debt investment at FVOCI
any cumulative gain or loss that has been recognized directly in other comprehensive income for the part derecognized.
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The Group derecognizes a financial liability (or part of it) only when its contractual obligation (or part of it) is extinguished.
(6) Impairment
The Group recognizes loss allowances for expected credit loss (ECL) on:
- financial assets measured at amortized cost;
- contract assets;
- debt investments at FVOCI;
- lease accounts receivable
Financial assets measured at fair value including debt investments or equity securities at FVTPL equity securities designated at FVOCI
and derivative financial assets are not subject to the ECL assessment.Measurement of ECLs
ECLs are a probability-weighted estimate of credit losses. Credit losses are measured as the present value of all cash shortfalls (i.e. the
difference between the cash flows due to the entity in accordance with the contract and the cash flows that the Group expects to receive).The maximum period considered when estimating ECLs is the maximum contractual period (including extension options) over which
the Group is exposed to credit risk.Lifetime ECLs are the ECLs that result from all possible default events over the expected life of a financial instrument.
12-month ECLs are the portion of ECLs that result from default events that are possible within the 12 months after the balance sheet
date (or a shorter period if the expected life of the instrument is less than 12 months).Loss allowances for bills receivable accounts receivable receivables under financing and contract assets arising from ordinary business
activities such as sale of goods and provision of services as well as lease receivables arising from lease transactions are always
measured at an amount equal to lifetime ECLs. ECLs on these financial assets are estimated using a provision matrix based on the
Group’s historical credit loss experience adjusted for factors that are specific to the debtors and an assessment of both the current and
forecast general economic conditions at the balance sheet date.Except for bills receivable accounts receivable receivables under financing contract assets and lease receivables the Group measures
loss allowances at an amount equal to 12-month ECLs for the following financial instruments and at an amount equal to lifetime ECLs
for all other financial instruments:
- If the financial instrument is determined to have low credit risk at the balance sheet date;
- If the credit risk on a financial instrument has not increased significantly since initial recognition.Provisions for bad and doubtful debts arising from receivables
Categories of groups for collective assessment based on credit risk characteristics and basis for determination
Item Basis for determination
Based on the different credit risk characteristics of acceptors the Group classifies bills receivable
Bills receivable
into two groups: bank acceptance bills and commercial acceptance bills.
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Historically there is no significant difference in terms of occurrence of losses among different
customer types for the Group. Therefore the Group classifies accounts receivable into three groups
Accounts receivable
specifically: receivables from customers with high credit risk receivables from customers with low
credit risk and receivables from customers with medium credit risk.The Group’s receivables under financing are bank acceptance bills held for dual purposes. As the
Receivables under financing accepting banks have high credit ratings the Group considers all receivables under financing as a
single group.The Group’s other receivables mainly include cash pledges and deposits receivable petty cash
receivables due from employees receivables due from related parties dividends receivable etc.Other receivables Based on the nature of receivables and the credit risk characteristics of different counterparties the
Group classifies other receivables into three groups specifically: receivables with high credit risk
receivables with low credit risk and receivables with medium credit risk.Historically there is no significant difference in terms of occurrence of losses among different
customer types for the Group. Therefore the Group makes provisions for bad and doubtful debts
Contract assets
arising from contract assets on the basis of all customers being one group without further
segmentation by different customer types.Financial instruments that have low credit risk
The credit risk on a financial instrument is considered low if the financial instrument has a low risk of default the borrower has a strong
capacity to meet its contractual cash flow obligations in the near term and adverse changes in economic and business conditions in the
longer term may but will not necessarily reduce the ability of the borrower to fulfil its contractual cash flow obligations.Significant increases in credit risk
In assessing whether the credit risk of a financial instrument has increased significantly since initial recognition the Group compares
the risk of default occurring on the financial instrument assessed at the balance sheet date with that assessed at the date of initial
recognition.When determining whether the credit risk of a financial asset has increased significantly since initial recognition and when estimating
ECL the Group considers reasonable and supportable information that is relevant and available without undue cost or effort including
forward-looking information. In particular the following information is taken into account:
- failure to make payments of principal or interest on their contractually due dates;
- an actual or expected significant deterioration in a financial instrument’s external or internal credit rating (if available);
- an actual or expected significant deterioration in the operating results of the debtor; and
- existing or forecast changes in the technological market economic or legal environment that have a significant adverse effect on
the debtor’s ability to meet its obligation to the Group.The Group assumes that the credit risk on a financial asset has increased significantly if it is more than 30 days past due.Credit-impaired financial assets
At each balance sheet date the Group assesses whether financial assets carried at amortized cost and debt investments at FVOCI are
credit-impaired. A financial asset is ‘credit-impaired’ when one or more events that have a detrimental impact on the estimated future
cash flows of the financial asset have occurred. Evidence that a financial asset is credit-impaired includes the following observable
data:
- significant financial difficulty of the borrower or issuer;
- a breach of contract such as a default or delinquency in interest or principal payments;
94BOE Technology Group Co. Ltd. Interim Report 2026
- for economic or contractual reasons relating to the borrower’s financial difficulty the Group having granted to the borrower a
concession that would not otherwise consider;
- it is probable that the borrower will enter bankruptcy or other financial reorganization; or
- the disappearance of an active market for that financial asset because of financial difficulties.Presentation of allowance for ECL
ECLs are remeasured at each balance sheet date to reflect changes in the financial instrument’s credit risk since initial recognition. Any
change in the ECL amount is recognized as an impairment gain or loss in profit or loss. The Group recognizes an impairment gain or
loss for all financial instruments with a corresponding adjustment to their carrying amount through a loss allowance account except
for debt investments that are measured at FVOCI for which the loss allowance is recognized in other comprehensive income.Write-off
The gross carrying amount of a financial asset is written off (either partially or in full) to the extent that there is no realistic prospect of
recovery. A write-off constitutes a derecognition event. This is generally the case when the Group determines that the debtor does not
have assets or sources of income that could generate sufficient cash flows to repay the amounts subject to the write-off. However
financial assets that are written off could still be subject to enforcement activities in order to comply with the Group’s procedures for
recovery of amounts due.Subsequent recoveries of an asset that was previously written off are recognized as a reversal of impairment in profit or loss in the
period in which the recovery occurs.
(7) Equity instrument
The issuance of equity instruments is recognized at the actual issue price in shareholders’ equity relevant transaction costs are deducted
from shareholders’ equity (capital reserve) with any excess deducted from surplus reserve and retained earnings sequentially.Consideration and transaction costs paid by the Company for repurchasing self-issued equity instruments are deducted from
shareholders’ equity.When the Company repurchases its own shares those shares are treated as treasury shares. All expenditure relating to the repurchase
is recorded in the cost of the treasury shares with the transaction recording in the share register. Treasury shares are excluded from
profit distributions and are presented as a deduction under shareholders’ equity in the balance sheet.When treasury shares are cancelled the share capital should be reduced to the extent of the total par value of the treasury shares
cancelled. Where the cost of the treasury shares cancelled exceeds the total par value the excess is deducted from capital reserve (share
premium) surplus reserve and retained earnings sequentially. If the cost of treasury shares cancelled is less than the total par value the
difference is credited to the capital reserve (share premium).When treasury shares are disposed of any excess of proceeds above cost is recognized in capital reserve (share premium); otherwise
the shortfall is deducted against capital reserve (share premium) surplus reserve and retained earnings sequentially.
(8) Perpetual bonds
At initial recognition the Group classifies the perpetual bonds issued or their components as financial assets financial liabilities or
equity instruments based on their contractual terms and their economic substance after considering the definition of financial assets
95BOE Technology Group Co. Ltd. Interim Report 2026
financial liabilities and equity instruments.Perpetual bonds issued that should be classified as equity instruments are recognized in equity based on the actual amount received.Any distribution of dividends or interests during the instruments’ duration is treated as profit appropriation. When the perpetual bonds
are redeemed according to the contractual terms the redemption price is charged to equity.
12. Notes Receivable
See V Significant Accounting Policies and Estimates-11. Financial Instruments for details
13. Accounts Receivable
See V Significant Accounting Policies and Estimates-11. Financial Instruments for details
14. Accounts Receivable Financing
See V Significant Accounting Policies and Estimates-11. Financial Instruments for details
15. Other Receivables
The recognition method and accounting treatment of expected credit losses of other receivables
See V Significant Accounting Policies and Estimates-11. Financial Instruments for details
16. Contract Assets
The Group has transferred the right to receive consideration for goods or services to customers (and this right depends on factors other
than the passage of time) as a contractual asset.Contract assets are impaired on the basis of expected credit losses (See V Significant Accounting Policies and Estimates-11. Financial
Instruments for details).
17. Inventories
(1) Categories
Inventories include raw materials work in progress finished goods and reusable materials. Reusable materials include low-value
consumables packaging materials and other materials which can be used repeatedly but which do not meet the definition of fixed
assets. Contract fulfillment costs classified as current assets are disclosed at inventory.In addition to the purchase cost of raw materials work in progress and finished goods include direct labor costs and an appropriate
allocation of production overheads based on normal capacity.
(2) Measurement method of cost of inventories
Cost of inventories is calculated using the weighted average method.
(3) Inventory count system
The Group maintains a perpetual inventory system.
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(4) Amortization method for low-value consumables and packaging materials
Consumables including low-value consumables and packaging materials are amortized by one-off write off method. The amortization
charge is included in the cost of the related assets or recognized in profit or loss for the current period.
(5) Criteria and method for provision for obsolete inventories
At the balance sheet date inventories are carried at the lower of cost and net realizable value. Any excess of the cost over the net
realizable value of each category of inventories is recognized as a provision for obsolete inventories and is recognized in profit or loss.The net realizable value of materials held for use in production is measured based on the net realizable value of the finished goods in
which they will be incorporated. The net realizable value of inventory held to satisfy sales or service contracts is measured based on
the contract price. If the quantities of inventories held by the Group exceed the quantities specified in sales contracts the net realizable
value of the excess portion of inventories is based on general selling prices.
18. Assets Held for Sale
The Group classifies a non-current asset or disposal group as held for sale when the carrying amount of a non-current asset or disposal
group will be recovered through a sale transaction rather than through continuing use.The Group should divide the non-current assets or the disposal group which simultaneously meet with the following conditions as the
assets held for sale.– The non-current assets or disposal group could be immediately sold under the current condition in accordance with the usual terms
of selling this kind of assets in similar transactions;
– The sale is extremely possible that is to say the Company has made a resolution regarding a sales planning and signed a legally
binding purchase agreement with other party and the sale is expected to be finished within one year.The Group initially and subsequently measures non?current assets held for sale (excluding financial assets and deferred tax assets) or
disposal groups at the lower of their carrying amount and fair value less costs to sell. Any shortfall of the carrying amount over fair
value less costs to sell is recognized as an impairment loss on assets in profit or loss for the current period.
19. Investments in Debt Obligations
See V Significant Accounting Policies and Estimates-11. Financial Instruments for details
20. Other Investments in Debt Obligations
See V Significant Accounting Policies and Estimates-11. Financial Instruments for details
21. Long-term Receivables
See V Significant Accounting Policies and Estimates-11. Financial Instruments for details
22. Long-term Equity Investments
(1) Investment cost of long-term equity investments
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(a) Long-term equity investments acquired through a business combination
The initial cost of a long-term equity investment acquired through a business combination involving entities under common control is
the Company’s share of the carrying amount of the subsidiary’s equity in the consolidated financial statements of the ultimate
controlling party at the combination date. The difference between the initial investment cost and the carrying amount of the
consideration given is adjusted to the share premium in the capital reserve with any excess deducted from surplus reserve and retained
earnings sequentially.For a long-term equity investment obtained through a business combination not involving entities under common control the initial
cost comprises the aggregate of the fair value of assets transferred liabilities incurred or assumed and equity securities issued by the
Company in exchange for control of the acquiree.(b) Long-term equity investments acquired other than through a business combination
A long-term equity investment acquired other than through a business combination is initially recognized at the amount of cash paid if
the Group acquires the investment by cash or at the fair value of the equity securities issued if an investment is acquired by issuing
equity securities.Where the initial investment cost of a long-term equity investment exceeds the investor’s proportionate share of the investee’s
identifiable net assets at fair value at the time of investment such excess shall be included in the initial investment cost. Where the
initial investment cost is less than the investor’s proportionate share of the investee’s identifiable net assets at fair value at the time of
investment the difference shall be recognized in profit or loss for the current period and the cost of the long-term equity investment
shall be adjusted accordingly.
(2) Subsequent measurement of long-term equity investment
(a) Investments in subsidiaries
In the Company’s separate financial statements long-term equity investments in subsidiaries are accounted for using the cost method
for subsequent measurement. For any additional investment or recovery of investment adjust the cost of long-term equity investment.The Company recognizes its share of the cash dividends or profit distributions declared by the investee as investment income for the
current period.(b) Investment in joint ventures and associates
A joint venture is an arrangement whereby the Group and other parties have joint control (see V Significant Accounting Policies and
Estimates 22. Long-term Equity Investments (3)) and rights to the net assets of the arrangement. An associate is an entity over which
the Group has significant influence (see V Significant Accounting Policies and Estimates 22. Long-term Equity Investments (3)).An investment in a joint venture or an associate is accounted for using the equity method for subsequent measurement unless the
investment is classified as held for sale (see V Significant Accounting Policies and Estimates 18. Assets Held for Sale).After acquiring the investment the Group recognizes its share of the investee’s profit or loss and other comprehensive income as
investment income or losses and other comprehensive income respectively and adjusts the carrying amount of the investment
accordingly. When recognizing its share of the net profit or loss of the investee the Group calculates such share on the basis of the fair
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value of the investee's identifiable assets at the acquisition date applying the Group's accounting policies and fiscal period. The
recognition amount is determined after adjusting the investee's net profit to reflect the elimination to the extent of the Group's
proportionate interest of intra-group transaction gains or losses arising from dealings with associates and joint ventures (except that
losses from intra-group transactions that represent an impairment loss on assets are recognized in full). No such adjustment is made
however where the investment involves the contribution or sale of assets that constitute a business. Once the investee declares any
cash dividends or profit distributions the carrying amount of the investment is reduced by the amount attributable to the Group.Changes in the Group’s share of the investee’s owners’ equity other than those arising from the investee’s net profit or loss other
comprehensive income or profit distribution (referred to as “other changes in owners’ equity”) are recognized directly in the Group’s
equity and the carrying amount of the investment is adjusted accordingly.The Group discontinues recognizing its share of further losses of the investee after the carrying amount of the long-term equity
investment and any long-term interest that in substance forms part of the Group’s net investment in the joint venture or associate is
reduced to zero except to the extent that the Group has an obligation to assume additional losses. If the joint venture or associate
subsequently reports net profits the Group resumes recognizing its share of those profits only after its share of the profits has fully
covered the share of losses not recognized.
(3) Criteria for determining the existence of joint control or significant influence over an investee
Joint control is the contractually agreed sharing of control of an arrangement which exists only when decisions about the relevant
activities (activities with significant impact on the returns of the arrangement) require the unanimous consent of the parties sharing
control.The following factors are usually considered when assessing whether the Group can exercise joint control over an investee:
- Whether no single participant party is in a position to control the investee’s relevant activities unilaterally;
- Whether decisions relating to the investee’s relevant activities require the unanimous consent of all participant parties that share
control.Significant influence is the power to participate in the financial and operating policy decisions of an investee but is not control or joint
control of those policies.
23. Investment Properties
Measurement model for investment properties
Cost measurement
Method of depreciation and amortization
Investment properties are properties held either to earn rental income or for capital appreciation or both. Investment properties are
initially measured at cost. Subsequent expenditures related to an investment property are recognized as part of the cost of the investment
property when it is probable that the economic benefits associated with the asset will flow to the Group and the cost can be reliably
measured. Otherwise such expenditures are recognized in profit or loss as incurred.Investment properties are accounted for using the cost model and stated in the balance sheet at cost less accumulated depreciation
amortization and impairment losses. The cost of investment property less its estimated residual value and accumulated impairment
losses is depreciated or amortized using the straight-line method over its estimated useful life unless the investment property is
classified as held for sale (see V Significant Accounting Policies and Estimates 18. Assets Held for Sale).
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The estimated useful lives residual value rates and depreciation rates of each class of investment properties are as follows:
Category Estimated useful life Residual value rate Yearly depreciation rate
Land use right 32-50 years 0.0% 2.0%-3.1%
Buildings 20-40 years 0.0%-10.0% 2.3%-5.0%
24. Fixed Assets
(1) Conditions for Recognition
Fixed assets are recognized only if it is probable that the economic benefits associated with the asset will flow to the Group and the
cost of the asset can be reliably measured. Any subsequent costs including the cost of replacing part of an item of fixed assets are
recognised as assets when it is probable that the economic benefits associated with the costs will flow to the Group and the face value
of the replaced part is derecognised. The costs of the day-to-day maintenance of fixed assets are recognised in profit or loss as incurred.The cost of a purchased fixed asset comprises the purchase price related taxes and any directly attributable expenditure for bringing
the asset to working condition for its intended use. The cost of self-constructed assets is measured in accordance with the policy set
out in Note V. Significant Accounting Policies and Estimates-25. Construction in Progress.Where parts of an item of fixed assets have different useful lives or provide benefits to the Group in different patterns thus necessitating
use of different depreciation rates or methods each part is recognized as a separate fixed asset.
(2) Depreciation Methods
Yearly depreciation
Category Depreciation method Depreciable life Residual value rate
rate
Buildings Straight-line method 10-50 years 3.0%-10.0% 1.8%-9.7%
Equipment Straight-line method 2-25 years 0.0%-10.0% 3.6%-50.0%
Others Straight-line method 2-10 years 0.0%-10.0% 9.0%-50.0%
25. Construction in Progress
The cost of the self-constructed fixed asset including the engineering materials direct labor borrowing expenses met with the
capitalization condition (refer to V. Significant Accounting Policies and Estimates-26. Borrowing Costs) and the necessary expenses
happened before the assets reach the expected available state.When the self-constructed fixed asset reaches the available state should transfer into the fixed assets before which should be listed
among the construction in progress and not withdraw the depreciation.The criteria according to which construction projects in progress are transferred to fixed assets:
Category Criteria for the transfers to fixed assets
Plant and buildings Satisfy the acceptance criteria and be available for its predetermined readiness for use
Machinery and equipment Installation and commissioning are qualified and be available for its predetermined readiness for use?
When an enterprise sells products or by-products produced before a fixed asset is available for its intended use the proceeds and related
cost are accounted for in accordance with CAS 14 – Revenue and CAS 1 – Inventories respectively and recognized in profit or loss
for the current period.
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26. Borrowing Costs
Borrowing costs incurred directly attributable to the acquisition and construction of a qualifying asset are capitalized as part of the cost
of the asset. Other borrowing costs are recognized as financial expenses when incurred.During the capitalization period the amount of interest (including amortization of any discount or premium on borrowing) to be
capitalized in each accounting period is determined as follows:
-Where funds are borrowed specifically for the acquisition and construction of a qualifying asset the amount of interest to be capitalized
is the interest expense calculated using effective interest rates during the period less any interest income earned from depositing the
borrowed funds or any investment income on the temporary investment of those funds before being used on the asset.-To the extent that the Group borrows funds generally and uses them for the acquisition and construction of a qualifying asset the
amount of borrowing costs eligible for capitalization is determined by applying a capitalization rate to the weighted average of the
excess amounts of cumulative expenditure on the asset over the above amounts of specific borrowings. The capitalization rate is the
weighted average of the interest rates applicable to the general-purpose borrowings.The effective interest rate is determined as the rate that exactly discounts estimated future cash flow through the expected life of the
borrowing or when appropriate a shorter period to the initially recognized amount of the borrowings.During the capitalization period exchange differences related to the principal and interest on a specific-purpose borrowing denominated
in foreign currency are capitalized as part of the cost of the qualifying asset. The exchange differences related to the principal and
interest on foreign currency borrowings other than a specific-purpose borrowing are recognized as a financial expense when incurred.Capitalization of borrowing costs is suspended during abnormal interruptions in the acquisition or construction of a qualifying asset
that last for a continuous period of more than three months provided that such interruptions are not necessary to prepare the asset for
its intended use or sale. Borrowing costs incurred during such interruptions are recognized as financial expenses in profit or loss until
the acquisition or construction activities resume.
27. Living Assets
Naught
28. Oil and Gas Assets
Naught
101BOE Technology Group Co. Ltd. Interim Report 2026
29. Intangible Assets
(1) Service life and its basis for determination estimate amortization method or review procedure
For an intangible asset with finite useful life its cost less estimated residual value and accumulated impairment losses is amortized
using the straight-line method over its estimated useful life unless the intangible asset is classified as held for sale (see V Significant
Accounting Policies and Estimates 18. Assets Held for Sale).The estimated useful lives basis for determination and amortization methods of intangible assets are as follows:
Item Estimated useful life (years) Basis for determination Amortisation method
Land use rights 20 - 50 years Terms of land use rights? Straight-line method?
Patent and proprietary technology 5 - 20 years Terms of patents Straight-line method??
Computer software 3 - 10 years ?Estimated useful life Straight-line method??
Others 5 - 20 years Estimated useful life? Straight-line method??
Useful lives and amortization methods of intangible assets with finite useful lives are reviewed at least at each year-end.An intangible asset is regarded as having an indefinite useful life and is not amortized when there is no foreseeable limit to the period
over which the asset is expected to generate economic benefits for the Group. At the balance sheet date the Group does not have any
intangible assets with indefinite useful lives.
(2) The scope of research and development expenditures and relevant accounting treatment methods
The Group classifies all expenses directly related to the R&D activities as research and development (R&D) expenditure including the
employee benefits of R&D personnel direct investments depreciation expenses and long-term deferred expenses design expenses
equipment commissioning costs amortization expenses of intangible assets development costs incurred by an entrusted external party
as well as other expenses. Expenditures on internal research and development projects are classified into expenditures incurred during
the research phase and expenditures incurred during the development phase.
30. Impairment of Long-term Assets
The carrying amounts of the following assets are reviewed at each balance sheet date based on internal and external sources of
information to determine whether there is any indication of impairment:
- fixed assets
- construction in progress
- right-of-use assets
- intangible assets
- investment properties measured using a cost model
- long-term equity investments
- goodwill
- long-term deferred expenses etc.If any indication exists the recoverable amount of the asset is estimated. In addition the Group estimates the recoverable amounts of
goodwill at each year-end irrespective of whether there is any indication of impairment. Goodwill is allocated to each asset group or
set of asset groups which is expected to benefit from the synergies of the combination for the purpose of impairment testing.
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The recoverable amount of an asset (or asset group set of asset groups) is the higher of its fair value less costs to sell and its present
value of expected future cash flows.An asset group is composed of assets directly related to cash generation and is the smallest identifiable group of assets that generates
cash inflows that are largely independent of the cash inflows from other assets or asset groups.The present value of expected future cash flows of an asset is determined by discounting the future cash flows estimated to be derived
from continuing use of the asset and from its ultimate disposal to their present value using an appropriate pre-tax discount rate.An impairment loss is recognized in profit or loss when the recoverable amount of an asset is less than its carrying amount. A provision
for impairment of the asset is recognized accordingly. Impairment losses related to an asset group or a set of asset groups are allocated
first to reduce the carrying amount of any goodwill allocated to the asset group or set of asset groups and then to reduce the carrying
amount of the other assets in the asset group or set of asset groups on a pro rata basis. However such allocation would not reduce the
carrying amount of an asset below the highest of its fair value less costs to sell (if measurable) its present value of expected future cash
flows (if determinable) and zero.Once an impairment loss is recognized it is not reversed in a subsequent period.
31. Long-term Deferred Expenses
Long-term deferred expenses are amortized on a straight-line method within the benefit period:
Item Amortization period (years)
Cost of construction and use of public facilities 10-15 years
Cost of operating lease assets improvement 2-10 years
Others 2-12 years
32. Contract Liabilities
The Group's obligations to transfer goods or services to customers for consideration received or receivable from customers are presented
as contract liabilities.
33. Payroll
(1) Accounting Treatment of Short-term Compensation
During the accounting period of an employee' providing services the Group recognizes the actual occurred or withdrawn worker wages
bonuses and the social insurance charges such as the medical insurance premiums industrial injury insurance premium and birth
insurance premium according to the specified benchmark and proportion as well as the housing funds as the liabilities and records
which in the current gains and losses or the relevant asset costs.
(2) Accounting Treatment of the Welfare after Demission
The defined contribution plans participated by the Group including: the basic endowment insurance and unemployment insurance
among the social security system set up and managed by the government institutions according to the requirements of the relevant
103BOE Technology Group Co. Ltd. Interim Report 2026
Chinese regulations of the employees of the Group and the corporation pension plan approved and set up by the relevant departments
according to the relevant policies of the state enterprise annuity system. The payment amount of the basic endowment insurance and
the unemployment insurance should be calculated according to the benchmark and the proportion stipulated by the nation. The
enterprise annuity should be withdrawn according to the certain proportion of the total amount of the worker wages of the employees
voluntarily participated in the pension plan. During the accounting period of the employees providing the service the Company
recognizes the deposited amount as the liabilities and records in the current gains and losses or the relevant asset costs.
(3) Accounting Treatment of the Demission Welfare
The Group relieves the labor relations with the employees before the maturity of the labor contracts or puts forward the advice for
compensation for encouraging the employees voluntarily accept the reduction and recognizes the liabilities caused from the demission
welfare on the earlier date of the followings and at the same time records which in the current gains and losses:
? When the Group could not unilaterally withdraw the demission welfare provided owning to the termination of the labor relations or
the reduction advice:
? The Group owns specific and formal reorganization plan that concerning the payment of the demission welfare; and the time when
the reorganization plan had been executed or had announced the main content of the plan to the parties influenced by which then led
all parties formed the rational expectations about the Group is going to execute the reorganization.
(4) Accounting Treatment of the Welfare of Other Long-term Staffs
The Group not involved with any other long-term employee's welfare.
34. Provisions
A provision is recognized for an obligation related to a contingency if the Group has a present obligation that can be estimated reliably
and it is probable that an outflow of economic benefits will be required to settle the obligation.The estimated liabilities should be executed the initial measurement according to the best estimated number needed to be spent when
caring out the relevant current obligations. As for those with significant influences on the time value of money the estimated liabilities
should be confirmed according to the amount after the discount of the estimated future cash flow. When recognizing the best estimated
number the Group comprehensively considers the factors such as the risks uncertainty and the time value of money related to the
contingencies. There is a contiguous range of the needed expenses and the possibility of various results within the range is the same
and the best estimated number should be recognized according to the mediant within the range; under other circumstance the best
estimated number should be handled respectively according to the following situations:
? If the contingencies involve with a single item should be recognized according to the most likely happened amount.? If the contingencies involve with various items should be recognized according to the calculation of various possible results and the
relevant probabilities.The Group executes the reexamination of the book value of the estimated liabilities on the balance sheet date and adjusts the book
value according to the current best estimated number.
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35. Share-based Payment
(1) Classification of share-based payments
Share-based payment transactions in the Group are equity-settled share-based payments. Equity settled share-based payments refer to
transactions in which the Group settles for services using shares or other equity instruments as consideration.
(2) Accounting treatment of share-based payments
- Equity-settled share-based payments
Where the Group uses shares or other equity instruments as consideration for services received from the employees the payment is
measured at the fair value of the equity instruments granted to the employees at the grant date. If the equity instruments granted do not
vest until the completion of services for a period or until the achievement of a specified performance condition the Group recognizes
an amount at each balance sheet date during the vesting period based on the best estimate of the number of equity instruments expected
to vest according to the newly obtained subsequent information of the changes of the number of the employees expected to vest the
equity instruments. The Group measures the services received at the grant-date fair value of the equity instruments and recognizes the
costs or expenses as the services are received with a corresponding increase in capital reserve.
36. Other Financial Instruments such as Preferred Shares and Perpetual Bonds
See V Significant Accounting Policies and Estimates-11. Financial Instruments for details.
37. Revenue
Accounting policies for recognition and measurement of revenue disclosed according to business types
Revenue is recognised when the Group satisfies the performance obligation in a contract by transferring control over relevant goods or
services to the customers. Obtaining control over relevant goods or services refers to being able to dominate the use of the goods or
services and obtain almost all economic benefits from them.Where a contract has two or more performance obligations the Group determines the stand-alone selling price at contract inception of
the distinct good or service underlying each performance obligation in the contract and allocates the transaction price in proportion to
those stand-alone selling prices. The Group recognizes as revenue the amount of the transaction price that is allocated to each
performance obligation. The stand-alone selling price is the price at which the Group would sell a promised good or service separately
to a customer. If a stand-alone selling price is not directly observable the Group considers all information that is reasonably available
to the entity maximizes the use of observable inputs to estimate the stand-alone selling price.For the contract which the Group grants a customer the option to acquire additional goods or services (such as loyalty points discount
coupons for future purchase etc.) the Group assesses whether the option provides a material right to the customer. If the option
provides a material right the Group recognizes the option as a performance obligation and recognizes revenue when those future
goods or services are transferred or when the option expires. If the stand-alone selling price for a customer’s option to acquire additional
goods or services is not directly observable the Group estimates it taking into account all relevant information including the difference
in the discount that the customer would receive when exercising the option or without exercising the option and the likelihood that the
option will be exercised.
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For a contract with a warranty the Group analyses the nature of the warranty provided if the warranty provides the customer with a
distinct service in addition to the assurance that the product complies with agreed-upon specifications the Group recognizes the
promised warranty as a performance obligation. Otherwise the Group will carry out accounting treatment in accordance with V
Significant Accounting Policies and Estimates 34. Provisions. For contracts with quality assurance clauses that are not included as
individual services the Group needs to provide for warranty expenses based on the actual amount incurred in previous years and the
actual sales situation of the current period estimated reasonably as considered by the management.The transaction price is the amount of consideration to which the Group expects to be entitled in exchange for transferring promised
goods or services to a customer excluding amounts collected on behalf of third parties. The Group recognizes the transaction price
only to the extent that it is highly probable that a significant reversal in the amount of cumulative revenue recognized will not occur
when the uncertainty associated with the variable consideration is subsequently resolved. To determine the transaction price for
contracts in which a customer promises consideration in a form other than cash the Group measures the non-cash consideration at fair
value. If the Group cannot reasonably estimate the fair value of the non-cash consideration the Group measures the consideration
indirectly by reference to the stand-alone selling price of the goods or services promised to the customer in exchange for the
consideration. Where the contract contains a significant financing component the Group recognizes the transaction price at an amount
that reflects the price that a customer would have paid for the promised goods or services if the customer had paid cash for those goods
or services when (or as) they transfer to the customer. The difference between the amount of promised consideration and the cash
selling price is amortized using an effective interest method over the contract term. The Group does not adjust the consideration for
any effects of a significant financing component if it expects at contract inception that the period between when the Group transfers
a promised good or service to a customer and when the customer pays for that good or service will be one year or less.The Group satisfies a performance obligation over time if one of the following criteria is met; or otherwise a performance obligation
is satisfied at a point in time:
- the customer simultaneously receives and consumes the benefits provided by the Group’s performance as the Group performs;
- the customer can control the asset created or enhanced during the Group’s performance; or
- the Group’s performance does not create an asset with an alternative use to it and the Group has an enforceable right to payment
for performance completed to date.For performance obligation satisfied over time the Group recognises revenue over time by measuring the progress towards complete
satisfaction of that performance obligation. When the outcome of that performance obligation cannot be measured reasonably but the
Group expects to recover the costs incurred in satisfying the performance obligation the Group recognises revenue only to the extent
of the costs incurred until such time that it can reasonably measure the outcome of the performance obligation.For performance obligation satisfied at a point in time the Group recognises revenue at the point in time at which the customer obtains
control of relevant goods or services. To determine whether a customer has obtained control of goods or services the Group considers
the following indicators:
- the Group has a present right to payment for the goods or services;
- the Group has transferred the legal ownership of the product to the customer;
- the Group has transferred physical possession of the goods to the customer;
- the Group has transferred the legal title of the goods or the significant risks and rewards of ownership of the goods to the customer;
106BOE Technology Group Co. Ltd. Interim Report 2026
and
- the customer has accepted the goods or services.The Group determines whether it is a principal or an agent depending on whether it obtains control of the specified good or service
before that good or service is transferred to a customer. The Group is a principal if it controls the specified good or service before that
good or service is transferred to a customer and recognises revenue in the gross amount of consideration to which it has received (or
receivable). Otherwise the Group is an agent and recognises revenue in the amount of any fee or commission to which it expects to
be entitled. The fee or commission is the net amount of consideration that the Group retains after paying the other party the consideration
or is the established amount or proportion.For the sale of a product with a right of return the Group recognises revenue when the Group obtains control of that product in the
amount of consideration to which the Group expects to be entitled in exchange for the product transferred (i.e. excluding the amount
of which expected to be returned) and recognises a refund liability for the products expected to be returned. Meanwhile an asset is
recognised in the amount of carrying amount of the product expected to be returned less any expected costs to recover those products
(including potential decreases in the value of returned products) and carry forward to cost in the amount of carrying amount of the
transferred products less the above costs. At the end of each reporting period the Group updates its assessment of future sales return.If there is any change it is accounted for as a change in accounting estimate.The Group determines whether the licence transfers to a customer either at a point in time or over time. If all of the following criteria
are met revenue is recognised for performance obligations satisfied over time. Otherwise revenue is recognised for performance
obligations satisfied at a point in time.- the contract requires or the customer reasonably expects that the Group will undertake activities that significantly affect the
intellectual property to which the customer has rights;
- the rights granted by the licence directly expose the customer to any positive or negative effects of the Group’s activities; and
- those activities do not result in the transfer of a good or a service to the customer as those activities occur.The Group recognises revenue for a sales-based or usage-based royalty promised in exchange for a licence of intellectual property only
when (or as) the later of the following events occurs:
- the subsequent sale or usage occurs; and
- the performance obligation has been satisfied (or partially satisfied).For a change in the scope or price of a contract that is approved by the parties to the contract the Group accounts for the contract
modification according to the following situations:
- The addition of promised goods or services are distinct and the price of the contract increases by an amount of consideration
reflects stand-alone selling prices of the additional promised goods or services the Group shall account for a contract modification as
a separate contract.- If the above criteria are not met and the remaining goods or services are distinct from the goods or services transferred on the
date of the contract modification the Group accounts for the contract modification as if it were a termination of the existing contract
107BOE Technology Group Co. Ltd. Interim Report 2026
and the creation of a new contract.- If the above criteria are not met and the remaining goods or services are not distinct from the goods or services transferred on
the date of the contract modification the Group accounts for the contract modification as if it were a part of the existing contract. The
effect that the contract modification has on the revenue is recognised as an adjustment to revenue in the reporting period.A contract asset is the Group’s right to consideration in exchange for goods or services that it has transferred to a customer when that
right is conditional on something other than the passage of time. The Group recognises loss allowances for expected credit loss on
contract assets (See V Significant Accounting Policies and Estimates 11. Financial Instruments (6)). Accounts receivable is the Group’s
right to consideration that is unconditional (only the passage of time is required). A contract liability is the Group’s obligation to
transfer goods or services to a customer for which the Group has received consideration (or an amount of consideration is due) from
the customer.Different business models for the same type of business involve different revenue recognition and measurement methods
The following is the description of accounting policies regarding revenue from the Group’s principal activities:
(1) Sale of goods
The sales contracts / orders signed between the Group and its customers usually contain various trading terms. Depending on the trading
terms customers obtain control of the goods when the goods are received or when they are received by the carrier. Revenue of sale of
goods is recognised at that point in time.For the transfer of goods with a right of return revenue is recognised to the extent that it is highly probable that a significant reversal
in the amount of cumulative revenue recognised will not occur. Therefore the amount of revenue recognised is adjusted for the amount
expected to be returned which are estimated based on the historical data. The Group recognises a refund liability based on the amount
expected to be returned. An asset is initially measured by reference to the former carrying amount of the product expected to be returned
less any expected costs to recover those products (including potential decreases in the value to the Group of returned products). At
each balance sheet date the Group updates the measurement of the refund liability for changes in expectations about the amount of
funds. The above asset and liability are adjusted accordingly.
(2) Rendering of services
The Group recognizes the revenue from rendering of services within a certain period of time according to the progress of the
performance as the customer simultaneously receives and consumes the benefits provided by the Group’s performance as the Group
performs. Otherwise for performance obligation satisfied at a point in time the Group recognizes revenue at the point in time at which
the customer obtains control of relevant services.
38. Contract Costs
Incremental costs of obtaining a contract are those costs that the Group incurs to obtain a contract with a customer that it would not
have incurred if the contract had not been obtained. The Group recognizes as an asset the incremental costs of obtaining a contract with
a customer if it expects to recover those costs. Other costs of obtaining a contract are expensed when incurred.If the costs to fulfil a contract with a customer are not within the scope of inventories or other accounting standards the Group
108BOE Technology Group Co. Ltd. Interim Report 2026
recognizes an asset from the costs incurred to fulfil a contract only if those costs meet all of the following criteria:
- the costs relate directly to an existing contract or to a specifically identifiable anticipated contract including direct labor direct
materials allocations of overheads (or similar costs) costs that are explicitly chargeable to the customer and other costs that are incurred
only because the Group entered into the contract
- the costs generate or enhance resources of the Group that will be used in satisfying (or in continuing to satisfy) performance
obligations in the future; and
- the costs are expected to be recovered.Assets recognized for the incremental costs of obtaining a contract and assets recognized for the costs to fulfil a contract (the “assetsrelated to contract costs”) are amortized on a systematic basis that is consistent with the transfer to the customer of the goods or services
to which the assets relate and recognized in profit or loss for the current period.The Group recognizes an impairment loss in profit or loss to the extent that the carrying amount of an asset related to contract costs
exceeds:
- remaining amount of consideration that the Group expects to receive in exchange for the goods or services to which the asset
relates; less
- the costs that relate directly to providing those goods or services that have not yet been recognized as expenses.
39. Government grants
A government grant is recognized when there is reasonable assurance that the grant will be received and that the Group will comply
with the conditions attaching to the grant.If a government grant is in the form of a transfer of a monetary asset it is measured at the amount received or receivable. If a government
grant is in the form of a transfer of a non-monetary asset it is measured at fair value.Government grants related to assets are grants whose primary condition is that the Group qualifying for them should purchase construct
or otherwise acquire long-term assets. Government grants related to income are grants other than those related to assets.Those related to daily activities of the Company are included in other income or used to write off related cost based on the nature of
economic businesses or included in non-operating income and expense in respect of those not related to daily activities of the Company.With respect to the government grants related to assets if the Group first obtains government grants related to assets and then recognizes
the long-term assets purchased and constructed deferred income is included in profit and loss based on a reasonable and systematic
approach by stages when related assets are initially depreciated or amortized; or the deferred income is written off against the carrying
amount of the asset when the asset becomes ready for its intended status or intended use. If the Group obtains government grants related
to the assets after relevant long-term assets are put into use deferred income is included in profit and loss based on a reasonable and
systematic approach by stages within the remaining useful life of relevant assets or the deferred income is written off against the
carrying amount of relevant asset when the grants are obtained; the assets shall be depreciated or amortized based on the carrying
amount after being offset and the remaining useful life of relevant assets. If the relevant assets are sold transferred scrapped or
109BOE Technology Group Co. Ltd. Interim Report 2026
damaged before the end of their useful life the undistributed balance of related deferred income shall be transferred to the profit or
loss of the current period of asset disposals.For the government grants related to income which are used to compensate for related costs or losses of the Group in the future period
it shall be recognized as deferred income and included in profit and loss or used to offset related costs; otherwise it shall be directly
included in profit and loss or used to offset related costs.In respect of the policy-based preferential loan interest subsidy obtained by the Group if the interest subsidy is appropriated to the
lending bank which shall provide loans to the Group at the policy-based preferential interest rate the actual loan amount is used as the
entry value and relevant borrowing costs are calculated on the basis of the loan principal and the preferential interest rate. If the interest
subsidy is directly appropriated to the Group relevant borrowing costs shall be offset by corresponding interest subsidy. If borrowing
costs are capitalized as part of the cost of the asset (see V Significant Accounting Policies and Estimates 26. Borrowing Costs) the
interest subsidy shall be used to offset relevant asset costs.
40. Deferred Income Tax Assets/Deferred Income Tax Liabilities
Except for the income tax arising from business combination and transactions or events directly included in owners' equity (including
other comprehensive income) the Group would include current income tax and deferred income tax into the profit and loss for the
current period.Current income tax is calculated based on the taxable income for the current year using the tax rates specified by tax laws adjusted
for income tax payable in previous years.On the balance sheet date when the Group has the legal right to settle on a net basis and intends to settle on a net basis or to acquire
assets and settle liabilities simultaneously the current income tax assets and current income tax liabilities are listed and reported on a
net basis after offsetting.The recognition of deferred tax asset and deferred tax liabilities are subject to the deductible temporary differences and taxable
temporary differences respectively. Temporary differences include the difference between the book value and tax base of assets and
liabilities including deductible losses that can be carried forward to future years and tax deduction. The recognition of deferred income
tax assets is subject to the amount of taxable income obtained to offset the deductible temporary differences.Various taxable temporary differences are recognized as deferred income tax liabilities unless:
(1) Taxable temporary differences arise in the following transactions: the initial recognition of goodwill or the initial recognition of
assets or liabilities arising from a single transaction with the following characteristics: the transaction is not a business merger and it
does not affect accounting profits or taxable income or deductible losses at the time of the transaction And the initially recognized
assets and liabilities did not result in equal taxable temporary differences and deductible temporary differences;
(2) For taxable temporary differences related to investments in subsidiaries joint ventures and associates the timing of the reversal of
such temporary differences can be controlled and it is highly likely that they will not be reversed in the foreseeable future.For deductible temporary differences deductible losses that can be carried forward to future years and tax deductions the Group
110BOE Technology Group Co. Ltd. Interim Report 2026
recognizes deferred income tax assets arising from them to the extent that it is likely to obtain future taxable income to offset deductible
temporary differences deductible losses and tax deductions unless:
(1) Deductible temporary differences arise in the following individual transactions: the transaction is not a business merger the
transaction does not affect accounting profits or taxable income or deductible losses at the time of occurrence and the initially
recognized assets and liabilities do not result in equal taxable temporary differences and deductible temporary differences;
(2) For deductible temporary differences related to investments in subsidiaries joint ventures and associates the temporary differences
are likely to be reversed in the foreseeable future and taxable income used to offset the temporary differences is likely to be obtained
in the future.At the balance sheet date deferred tax is measured based on the tax consequences that would follow from the expected manner of
recovery or settlement of the carrying amounts of the assets and liabilities using tax rates enacted at the balance sheet date that are
expected to be applied in the period when the asset is recovered or the liability is settled.At the balance sheet date the Group reviews the book value of deferred income tax assets. If it is likely that sufficient taxable income
will not be available in the future to offset the benefits of deferred income tax assets the carrying amount of the deferred income tax
assets will be written down. On the balance sheet date the Group reassesses unrecognized deferred income tax assets and recognizes
them to the extent that sufficient taxable income is likely to be available for the reversal of deferred income tax assets.At the balance sheet date deferred income tax assets and deferred income tax liabilities are presented as the net amount after offsetting
when the following conditions are met at the same time:
- The taxpayer had the legal right to settle the current income tax assets and current income tax liabilities on a net basis;
- Deferred income tax assets and deferred income tax liabilities were related to the income tax levied by the same tax administration
department on the same taxpayer or different taxpayers but during the period when each significant deferred income tax assets and
liabilities would be reversed in the future the involved taxpayer intended to settle the current income tax assets and liabilities on a net
basis or to acquire assets and settle liabilities at the same time.
41. Leases
(1) Accounting Treatment of Lease as Leasee
The Group recognises a right-of-use asset and a lease liability at the lease commencement date excluding short-term leases and low
value asset leases.The Group depreciates the right of use assets using the straight-line method. If the lessee is reasonably certain to obtain the ownership
of the lease asset by the end of the lease term the right-of-use asset is depreciated over the remaining useful life of the underlying asset.Otherwise the right-of-use asset is depreciated over the shorter of the lease term or the remaining useful life of the lease asset.The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date discounted
using the interest rate implicit in the lease or if that rate cannot be readily determined the Group’s incremental borrowing rate.
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A constant periodic rate is used to calculate the interest on the lease liability in each period during the lease term with a corresponding
charge to profit or loss or included in the cost of assets where appropriate. Variable lease payments not included in the measurement
of the lease liability are charged to profit or loss or included in the cost of assets where appropriate as incurred.Under the following circumstances after the lease commencement date the Group remeasures lease liabilities based on the present
value of revised lease payments:
- Changes in the substantial fixed payment amount;
- there is a change in the amounts expected to be payable under a residual value guarantee;
- there is a change in future lease payments resulting from a change in an index or a rate used to determine those payments;
- there is a change in the assessment of whether the Group will exercise a purchase extension or termination option or the Group
has exercised the extension or termination option in a different manner from the original assessment.When the lease liability is remeasured a corresponding adjustment is made to the carrying amount of the right-of-use asset or is
recorded in profit or loss if the carrying amount of the right-of-use asset has been reduced to zero.The Group has elected not to recognise right-of-use assets and lease liabilities for short-term leases that have a lease term of 12 months
or less and leases of low-value assets (a leased asset is of low value individually when it is new). The Group recognises the lease
payments associated with these leases in profit or loss or as the cost of the assets where appropriate using the straight-line method or
other systematic basis over the lease term.
(2) Accounting Treatment of Lease as Leasor
The Group determines at lease inception whether each lease is a finance lease or an operating lease. A lease is classified as a finance
lease if it transfers substantially all the risks and rewards incidental to ownership of an underlying asset irrespective of whether the
legal title to the asset is eventually transferred. An operating lease is a lease other than a finance lease.When the Group is a sub-lessor it assesses the lease classification of a sub-lease with reference to the right-of-use asset arising from
the head lease not with reference to the underlying asset. If a head lease is a short-term lease to which the Group applies the practical
expedient described above then it classifies the sub-lease as an operating lease.Under a finance lease at the commencement date the Group recognises the finance lease receivable and derecognises the asset under
finance lease.The Group recognises finance income over the lease term with a constant periodic rate of return. The derecognition and impairment of
the finance lease receivable are accounted for in accordance with the accounting policy in Note V.11. Variable lease payments not
included in the measurement of net investment in the lease are recognised as income as they are earned.Lease receipts from operating leases are recognised as income using the straight-line method or other systematic basis over the lease
term. Variable lease payments not included in lease receipts are recognised as income as they are earned. The initial direct cost
capitalization is amortized over the lease term on the same basis as the recognition of rental income and is recognized in the current
period's profit and loss in installments.
112BOE Technology Group Co. Ltd. Interim Report 2026
42. Other Significant Accounting Policies and Estimates
(1) Related parties
If a party has the power to control jointly control or exercise significant influence over another party or vice versa or where two or
more parties are subject to common control or joint control from another party they are considered to be related parties. Related parties
may be individuals or enterprises. Enterprises with which the Company is under common control only from the State and that have no
other related party relationships are not regarded as related parties.In addition to the related parties stated above the Company determines related parties based on the disclosure requirements of
Administrative Procedures on the Information Disclosures of Listed Companies issued by the CSRC.
(2) Segment reporting
Reportable segments are identified based on operating segments which are determined based on the structure of the Group’s internal
organisation management requirements and internal reporting system after taking the materiality principle into account. Two or more
operating segments may be aggregated into a single operating segment if the segments have the similar economic characteristics and
are same or similar in respect of the nature of each segment’s products and services the nature of production processes the types or
classes of customers for the products and services the methods used to distribute the products or provide the services and the nature
of the regulatory environment.Inter-segment revenues are measured on the basis of the actual transaction prices for such transactions for segment reporting. Segment
accounting policies are consistent with those for the consolidated financial statements.
(3) Profit distributions
Dividends or profit distributions proposed in the profit appropriation plan which will be approved after the balance sheet date are not
recognised as a liability at the balance sheet date but are disclosed in the notes separately.
(4) Fair value measurement
Unless otherwise specified the Group measures fair value as follows:
Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market
participants at the measurement date.When measuring fair value the Group takes into account the characteristics of the particular asset or liability (including the condition
and location of the asset and restrictions if any on the sale or use of the asset) that market participants would consider when pricing
the asset or liability at the measurement date and uses valuation techniques that are appropriate in the circumstances and for which
sufficient data and other information are available to measure fair value. Valuation techniques mainly include the market approach the
income approach and the cost approach.
(5) Goodwill
The initial cost of goodwill represents the excess of cost of acquisition over the acquirer's interest in the fair value of the identifiable
net assets of the acquiree under a business combination not involving entities under common control.Goodwill is not amortised and is stated in the balance sheet at cost less accumulated impairment losses (see 30. Long-term asset
impairment under V. Significant Accounting Policies and Accounting Estimates).
(6) Specific reserve
The Group recognises a safety fund in the specific reserve pursuant to relevant government regulations with a corresponding increase
in the costs of the related products or expenses.When the safety fund is subsequently used for revenue expenditure the specific reserve is reduced accordingly. When the safety fund
is subsequently used for the construction or acquisition of fixed assets the Group recognises the capitalised expenditure incurred as
113BOE Technology Group Co. Ltd. Interim Report 2026
the cost of the fixed assets when the related assets are ready for their intended use. In such cases the specific reserve is reduced by the
amount that corresponds to the cost of the fixed assets and the credit side is recognised in the accumulated depreciation with respect to
the related fixed assets. Consequently such fixed assets are not depreciated in subsequent periods.
43. Changes in Significant Accounting Policies and Estimates
(1) Changes in Significant Accounting Policies
□Applicable □ Not applicable
(2) Changes in Accounting Estimates
□Applicable □ Not applicable
(3) 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
44. Others
Naught
VI. Taxation
1. Main Taxes and Tax Rate
Category of taxes Tax basis Tax rate
Output VAT is calculated on the income from product sales provision
of taxable labor services and provision of taxable services based on tax
VAT 6% 9% 13%
laws. The remaining balance of output VAT after subtracting the
deductible input VAT of the period is VAT payable.Consumption tax Naught Naught
Urban maintenance and
Based on VAT paid VAT exemption and offset for the period 7% 5%
construction tax
Enterprise income tax Based on taxable income 15%-30%
Education surcharge and local
Based on VAT paid VAT exemption and offset for the period 3% 2%
education surcharge
Notes of the disclosure situation of the taxpaying bodies with different enterprises income tax rate
Name Income tax rate
BOE Technology Group Co. Ltd. 15%
Beijing ShiYan Technology Co. Ltd. 15%
Beijing BOE Optoelectronics Technology Co. Ltd. 15%
Chengdu BOE Optoelectronics Technology Co. Ltd. 15%
Hefei BOE Optoelectronics Technology Co. Ltd. 15%
Beijing BOE Display Technology Co. Ltd. 15%
Hefei Xinsheng Optoelectronics Technology Co. Ltd. 15%
Erdos Yuansheng Optoelectronics Co. Ltd. 15%
Chongqing BOE Optoelectronics Technology Co. Ltd. 15%
BOE Mled Technology Co. Ltd. (Mled Technology) 15%
Hefei BOE Ruisheng Technology Co. Ltd. 15%
Hefei BOE Display Technology Co. Ltd. 15%
114BOE Technology Group Co. Ltd. Interim Report 2026
Fuzhou BOE Optoelectronics Technology Co. Ltd. 15%
Mianyang BOE Optoelectronics Technology Co. Ltd. 15%
Chongqing BOE Display Technology Co. Ltd. 15%
Wuhan BOE Optoelectronics Technology Co. Ltd. 15%
Nanjing BOE Display Technology Co. Ltd. 15%
Chengdu BOE Display Technology Co. Ltd. 15%
Mianyang BOE Electronic Technology Co. Ltd. 15%
BOE Opticalscience and Technology Co. Ltd. 15%
Hefei BOE Display Light Source Co. Ltd. 15%
Chongqing BOE Display Lighting Co. Ltd. 15%
Chongqing BOE Intelligent Electronic System Co. Ltd. 15%
Suzhou K-Tronics Co. Ltd. 15%
BOE Jieen Texi Technology Co. Ltd. 15%
Beijing BOE Vacuum Electronics Co. Ltd. 15%
Beijing BOE Vacuum Technology Co. Ltd. 15%
BOE Smart IoT Technology Co. Ltd. 15%
Beijing Zhongxiangying Technology Co. Ltd. 15%
BOE Regenerative Medical Technologies Co. Ltd. 15%
Beijing BOE Health Technology Co. Ltd. 15%
Zhonglian Ultra-Definition (Beijing) Technology Co. Ltd. 15%
Hefei BOE Semiconductor Co. Ltd. 15%
Yunnan Chuangshijie Optoelectronics Technology Co. Ltd. 15%
Chongqing BOE Electronic Technology Co. Ltd. 15%
Beijing BOE Sensor Technology Co. Ltd. 15%
Suzhou BOE Sensor Technology Co. Ltd. 15%
Beijing BOE Shengshi Technology Co. Ltd. 15%
Chongqing BOE Jingyuan Technology Co. Ltd. 15%
2. Tax Preferences
Innovation companies are subject to a reduced corporate income tax rate of 15%. Article 28 of the Corporate Income Tax Law of the
People's Republic of China stipulates that "innovation companies that are the focus of state support shall be subject to a reduced
corporate income tax rate of 15%. The Administrative Measures for the Recognition of Innovation Companies (G.K.F.H. [2016] No.
32) and subsequent revisions clarify the recognition conditions procedures and administrative requirements.
Enterprises in encouraged industries in the western region of China are subject to a reduced corporate income tax rate of 15%.According to the Circular of the Ministry of Finance the State Administration of Taxation and the National Development and Reform
Commission on the Extension of the Corporate Income Tax Policy for the Western Development (Ministry of Finance Circular No. 23
of 2020) enterprises in encouraged industries located in the western region are subject to a reduced corporate income tax rate of 15%.The Catalogue of Encouraged Industries in the Western Region (the latest version of the National Development and Reform
Commission's order) specifies the specific applicable industry types (the enterprise's principal business revenue must account for at
least 60% of its total revenue).
3. Other Information
Naught
115BOE Technology Group Co. Ltd. Interim Report 2026
VII. Notes on Major Items in Consolidated Financial Statements of the Company
1. Cash at Bank and on Hand
Unit: RMB
Item Ending balance Beginning balance
Cash on hand 1792115.00 1355467.00
Bank deposits 70440612838.00 71281904007.00
Other monetary assets 1859914678.00 939680701.00
Deposits placed with finance companies 0.00 0.00
Total 72302319631.00 72222940175.00
Of which: Total amount deposited
5208726314.007892050802.00
overseas
Other notes: N/A
2. Trading Financial Assets
Unit: RMB
Item Ending balance Beginning balance
Financial assets at fair value through
5708939566.001670548730.00
profit or loss
Of which:
Structured deposits and wealth
994636495.00736987067.00
management products
Equity instrument investments 4714303071.00 933561663.00
Financial assets designated to be
measured at fair value and changes
0.000.00
thereof recorded into the current profit or
loss
Of which:
Total 5708939566.00 1670548730.00
Other notes: N/A
3. Notes Receivable
(1) Notes Receivable Listed by Category
Unit: RMB
Item Ending balance Beginning balance
Bank acceptance bill 450437278.00 503795854.00
Commercial acceptance bill 20681845.00 10851221.00
Total 471119123.00 514647075.00
116BOE Technology Group Co. Ltd. Interim Report 2026
(2) Disclosure by Withdrawal Methods for Bad Debts
Unit: RMB
Ending balance Beginning balance
Provision for Provision for
Carrying amount Carrying amount
Category impairment impairment
Carrying value Carrying value
Withdrawal Withdrawal
Amount Proportion Amount Amount Proportion Amount
proportion proportion
Notes receivable for which bad debt
0.000.00%0.000.00%0.000.000.00%0.000.00%0.00
provision separately accrued
Of which:
Notes receivable for which bad debt
471167224.00100.00%48101.000.01%471119123.00514679727.00100.00%32652.000.01%514647075.00
provision accrued by group
Of which:
Bank acceptance portfolio 450437278.00 95.60% 0.00 0.00% 450437278.00 503795854.00 97.89% 0.00 0.00% 503795854.00
Trade acceptance portfolio 20729946.00 4.40% 48101.00 0.23% 20681845.00 10883873.00 2.11% 32652.00 0.30% 10851221.00
Total 471167224.00 100.00% 48101.00 0.01% 471119123.00 514679727.00 100.00% 32652.00 0.01% 514647075.00
Category name of withdrawal of bad debt provision by group: Grouping of commercial acceptance bill
Unit: RMB
Ending balance
Name
Carrying amount Provision for impairment Withdrawal proportion
Trade acceptance portfolio 20729946.00 48101.00 0.23%
Total 20729946.00 48101.00
Notes for the basis of determining such portfolio:
Based on the characteristics of credit risk it is divided into grouping of bank acceptance bill and grouping of commercial acceptance bill.If adopting the general mode of expected credit loss to withdraw bad debt provision of notes receivable:
□Applicable □Not applicable
117BOE Technology Group Co. Ltd. Interim Report 2026
(3) Bad Debt Provision Withdrawn Reversed or Recovered in the Reporting Period
Information of bad debt provision withdrawn:
Unit: RMB
Changes in the Reporting Period
Beginning
Category Reversal or Write- Ending balance balance Withdrawal Others
recovery off
Trade acceptance portfolio 32652.00 40839.00 -25390.00 0.00 0.00 48101.00
Total 32652.00 40839.00 -25390.00 0.00 0.00 48101.00
Of which bad debt provision reversed or recovered with significant amount:
□Applicable □Not applicable
(4) Notes Receivable Pledged by the Company at the Period-end
Unit: RMB
Item Amount pledged at the period-end
Bank acceptance bill 15114836.00
Commercial acceptance bill 0.00
Total 15114836.00
(5) Notes Receivable which Had Endorsed by the Company or Had Discounted and Had not Due on the
Balance Sheet Date at the Period-end
Unit: RMB
Amount of recognition termination at the Amount of not recognition termination at
Item
period-end the period-end
Bank acceptance bill 0.00 365007303.00
Commercial acceptance bill 0.00 0.00
Total 0.00 365007303.00
(6) Notes Receivable with Actual Verification for the Reporting Period
Unit: RMB
Item Amount verified
N/A
Of which verification of significant notes receivable:
Unit: RMB
Verification Whether generated
Reason for
Subsidiary Nature Amount verified procedures from connected
verification
performed transactions
N/A
Notes of the verification of notes receivable: N/A
118BOE Technology Group Co. Ltd. Interim Report 2026
4. Accounts Receivable
(1) Disclosure by Aging
Unit: RMB
Ageing Ending carrying balance Beginning carrying balance
Within one year (including one year) 34385735455.00 31510471400.00
One to two years 511236745.00 499559227.00
Two to three years 331662995.00 258297769.00
Over three years 375481184.00 312417748.00
Three to four years 145066657.00 145330707.00
Four to five years 114256574.00 82251136.00
Over five years 116157953.00 84835905.00
Total 35604116379.00 32580746144.00
(2) Disclosure by Withdrawal Methods for Bad Debts
Unit: RMB
Ending balance Beginning balance
Carrying amount Provision for impairment Carrying amount Provision for impairment
Category
Withdrawal Carrying value Withdrawal Carrying value
Amount Proportion Amount Amount Proportion Amount
proportion proportion
Accounts receivable
for which bad debt
664853435.001.87%105271384.0015.83%559582051.00584717303.001.79%105473656.0018.04%479243647.00
provision accrued
separately
Of which:
Customers with a
105422513.000.30%105271384.0099.86%151129.00109174696.000.34%105473656.0096.61%3701040.00
high credit risk
Customers with a
559430922.001.57%0.000.00%559430922.00475542607.001.46%0.000.00%475542607.00
low credit risk
119BOE Technology Group Co. Ltd. Interim Report 2026
Accounts receivable
for which bad debt
34939262944.0098.13%204191115.000.58%34735071829.0031996028841.0098.21%182269865.000.57%31813758976.00
provision accrued by
group
Of which:
Customers with a
34939262944.0098.13%204191115.000.58%34735071829.0031996028841.0098.21%182269865.000.57%31813758976.00
moderate credit risk
Total 35604116379.00 100.00% 309462499.00 0.87% 35294653880.00 32580746144.00 100.00% 287743521.00 0.88% 32293002623.00
120BOE Technology Group Co. Ltd. Interim Report 2026
Category name of bad debt provision accrued by item: Customers with high credit risk and customers with low credit risk
Unit: RMB
Beginning balance Ending balance
Name Carrying Provision for Carrying Provision for Withdrawal Reason for
amount impairment amount impairment proportion withdrawal
Customers with a
109174696.00 105473656.00 105422513.00 105271384.00 99.86% N/A
high credit risk
Customers with a
475542607.00 0.00 559430922.00 0.00 0.00% N/A
low credit risk
Total 584717303.00 105473656.00 664853435.00 105271384.00
Category name of withdrawal of bad debt provision by portfolio: Customers with moderate credit risk
Unit: RMB
Ending balance
Name
Carrying amount Provision for impairment Withdrawal proportion
Customers with a moderate credit risk 34939262944.00 204191115.00 0.58%
Total 34939262944.00 204191115.00
Notes for the basis of determining such portfolio:
Customer grouping Grouping basis
Customers with a high credit risk There are special circumstances such as litigation or deterioration of customer
credit standing
Customers with a low credit risk Banks insurance companies large central enterprises and public institutions
Customers with a moderate credit risk Customers not classified as the above grouping
If adopting the general mode of expected credit loss to withdraw bad debt provision of accounts receivable:
□Applicable □Not applicable
(3) Bad Debt Provision Withdrawn Reversed or Recovered in the Reporting Period
Information of bad debt provision withdrawn:
Unit: RMB
Beginning Changes in the Reporting Period
Category Ending balance
balance Withdrawal Reversal or recovery Write-off Others
Customers with a
105473656.002804553.00-2969428.000.00-37397.00105271384.00
high credit risk
Customers with a
182269865.0047146907.00-22518613.000.00-2707044.00204191115.00
moderate credit risk
Total 287743521.00 49951460.00 -25488041.00 0.00 -2744441.00 309462499.00
Of which bad debt provision reversed or recovered with significant amount:
Unit: RMB
Amount reversed Reason for Basis and rationality of determining the original
Subsidiary Way of recovery
or recovered reversal withdrawal proportion of bad debt provision
N/A
N/A
121BOE Technology Group Co. Ltd. Interim Report 2026
(4) Accounts Receivable with Actual Verification during the Reporting Period
Unit: RMB
Item Amount verified
Accounts receivable with actual verification 0.00
Of which the verification of significant accounts receivable:
Unit: RMB
Verification Whether generated
Reason for
Subsidiary Nature Amount verified procedures from connected
verification
performed transactions
N/A
Total
Notes of the verification of accounts receivable:
(5) Top Five Accounts Receivable and Contract Assets in Ending Balance Collected according to the Arrears
Party
Unit: RMB
Ending balance of
Proportion to total bad debt provision
Ending balance of
Ending balance of ending balance of of accounts
Ending balance of accounts
Subsidiary accounts accounts receivable and
contract assets receivable and
receivable receivable and impairment
contract assets
contract assets provision for
contract assets
Customer 1 4518916165.00 0.00 4518916165.00 12.56% 630846.00
Customer 2 3426561399.00 0.00 3426561399.00 9.53% 0.00
Customer 3 1913690719.00 0.00 1913690719.00 5.32% 5161.00
Customer 4 1798458362.00 0.00 1798458362.00 5.00% 3023.00
Customer 5 1732157629.00 0.00 1732157629.00 4.82% 745.00
Total 13389784274.00 0.00 13389784274.00 37.23% 639775.00
5. Contract Assets
(1) List of Contract Assets
Unit: RMB
Ending balance Beginning balance
Item Carrying Provision for Carrying Provision for
Carrying value Carrying value
amount impairment amount impairment
Contract assets 372493384.00 5340066.00 367153318.00 398590711.00 5508809.00 393081902.00
Total 372493384.00 5340066.00 367153318.00 398590711.00 5508809.00 393081902.00
(2) Significant Changes in the Amount of Carrying Value and the Reason in the Reporting Period
Unit: RMB
Item Change in amount Reason(s)
N/A
122BOE Technology Group Co. Ltd. Interim Report 2026
(3) Disclosure by Withdrawal Methods for Bad Debts
Unit: RMB
Ending balance Beginning balance
Carrying amount Provision for impairment Carrying amount Provision for impairment
Category
Withdrawal Carrying value Withdrawal Carrying value
Amount Proportion Amount Amount Proportion Amount
proportion proportion
Bad debt
provision
0.000.00%0.000.00%0.000.000.00%0.000.00%0.00
separately
accrued
Of which:
Withdrawal
of bad debt
372493384.00100.00%5340066.001.43%367153318.00398590711.00100.00%5508809.001.38%393081902.00
provision
by group
Of which:
Withdrawal
of bad debt
372493384.00100.00%5340066.001.43%367153318.00398590711.00100.00%5508809.001.38%393081902.00
provision
by group
Total 372493384.00 100.00% 5340066.00 1.43% 367153318.00 398590711.00 100.00% 5508809.00 1.38% 393081902.00
Category name of bad debt provision accrued by group: Bad debt provision accrued by group
Unit: RMB
Ending balance
Name
Carrying amount Provision for impairment Withdrawal proportion
Bad debt provision accrued by group 372493384.00 5340066.00 1.43%
Total 372493384.00 5340066.00
Notes for the basis of determining such portfolio: N/A
Withdrawal of bad debt provision by adopting the general mode of expected credit loss
□Applicable □Not applicable
123BOE Technology Group Co. Ltd. Interim Report 2026
(4) Bad Debt Provision Withdrawn Reversed or Recovered in the Reporting Period
Unit: RMB
Item Withdrawal Reversal or recovery Charge-off/Write-off Reason
Provision for
impairment of contract 1595253.00 -1763996.00 0.00 N/A
assets
Total 1595253.00 -1763996.00 0.00
Of which bad debt provision reversed or recovered with significant amount:
Unit: RMB
Basis and rationality of
determining the
Amount reversed or
Subsidiary Reason for reversal Way of recovery original withdrawal
recovered
proportion of bad debt
provision
N/A
Other notes
N/A
(5) Contract Assets Written-off in Current Period
Unit: RMB
Item Amount verified
Contract assets actually written off 0.00
Of which the verification of significant contract assets
Unit: RMB
Verification Whether generated
Reason for
Subsidiary Nature Amount verified procedures from connected
verification
performed transactions
N/A
Notes to verification of contract assets: N/A
Other notes: N/A
6. Accounts Receivable Financing
(1) Accounts Receivable Financing Listed by Category
Unit: RMB
Item Ending balance Beginning balance
Bank acceptance bill 734742220.00 585672349.00
Total 734742220.00 585672349.00
124BOE Technology Group Co. Ltd. Interim Report 2026
(2) Disclosure by Withdrawal Methods for Bad Debts
Unit: RMB
Ending balance Beginning balance
Carrying amount Provision for impairment Carrying amount Provision for impairment
Category
Withdrawal Carrying value Withdrawal Carrying value
Amount Proportion Amount Amount Proportion Amount
proportion proportion
Bad debt provision separately
734742220.00100.00%0.000.00%734742220.00585672349.00100.00%0.000.00%585672349.00
accrued
Of which:
Withdrawal of bad debt
0.000.00%0.000.00%0.000.000.00%0.000.00%0.00
provision by group
Of which:
Total 734742220.00 100.00% 0.00 0.00% 734742220.00 585672349.00 100.00% 0.00 0.00% 585672349.00
Withdrawal of bad debt provision by adopting the general mode of expected credit loss
Unit: RMB
Phase I Phase II Phase III
Provision for impairment Expected credit losses for the whole Expected credit losses for Expected credit loss in the Total
existence period (no credit the whole existence period
next 12 months
impairment) (with credit impairment)
Balance of 1 January 2026 0.00 0.00 0.00 0.00
Balance of 1 January 2026 in the Current Period
--Transfer to Phase II 0.00 0.00 0.00 0.00
--Transfer to Phase III 0.00 0.00 0.00 0.00
--Reserve to Phase II 0.00 0.00 0.00 0.00
--Reserve to Phase I 0.00 0.00 0.00 0.00
Withdrawal of the current period 0.00 0.00 0.00 0.00
Reversal of the current period 0.00 0.00 0.00 0.00
Amount charged-off for the current period 0.00 0.00 0.00 0.00
Amount written-off for the current period 0.00 0.00 0.00 0.00
125BOE Technology Group Co. Ltd. Interim Report 2026
Other changes 0.00 0.00 0.00 0.00
Balance of 30 June 2026 0.00 0.00 0.00 0.00
The basis for the division of each stage and the withdrawal proportion of bad debt provision: N/A
Notes to significant changes in the carrying balance of accounts receivable financing for which changes in the loss reserve for the current period occurred: N/A
(3) Bad Debt Provision Withdrawal Reversed or Recovered in the Current Period
Unit: RMB
Changes in the Reporting Period
Category Beginning balance Ending balance
Withdrawal Reversal or recovery Charged-off/Written-off Other changes
N/A
Of which bad debt provision reversed or recovered with significant amount:
Unit: RMB
Basis and rationality of
determining the original
Subsidiary Amount reversed or recovered Reason for reversal Way of recovery
withdrawal proportion of bad debt
provision
N/A
Other notes: N/A
(4) Accounts Receivable Financing Pledged by the Company at the Period-end
Unit: RMB
Item Amount pledged at the period-end
N/A
126BOE Technology Group Co. Ltd. Interim Report 2026
(5) Accounts Receivable Financing Which Had Endorsed by the Company or Had Discounted and Had not
Due on the Balance Sheet Date at the Period-end
Unit: RMB
Amount of recognition termination at the Amount of not recognition termination at
Item
period-end the period-end
Bank acceptance bill 1876148481.00 0.00
Total 1876148481.00 0.00
(6) Accounts Receivable Financing with Actual Verification for the Current Period
Unit: RMB
Item Amount verified
Accounts receivable financing with actual verification 0.00
Of which the verification of significant accounts receivable financing
Unit: RMB
Verification Whether generated
Reason for
Subsidiary Nature Amount verified procedures from connected
verification
performed transactions
N/A
Notes to verification: N/A
(7) The Changes of Accounts Receivable Financing in the Current Period and the Changes in Fair Value
N/A
(8) Other Notes
N/A
7. Other Receivables
Unit: RMB
Item Ending balance Beginning balance
Interest receivable 0.00 0.00
Dividends receivable 7226258.00 177912109.00
Other receivables 620156443.00 644881791.00
Total 627382701.00 822793900.00
(1) Interest Receivable
1) Category of Interest Receivable
Unit: RMB
Item Ending balance Beginning balance
127BOE Technology Group Co. Ltd. Interim Report 2026
Fixed time deposit 0.00 0.00
Entrusted loans 0.00 0.00
Bond investment 0.00 0.00
Total 0.00 0.00
2) Significant Overdue Interest
Unit: RMB
Whether occurred
Borrower Ending balance Overdue time Reason impairment and its
judgment basis
N/A
Other notes: N/A
3) Disclosure by Withdrawal Methods for Bad Debts
□Applicable □Not applicable
4) Bad Debt Provision Withdrawal Reversed or Recovered in the Current Period
Unit: RMB
Changes in the Reporting Period
Beginning
Category Reversal or Charged- Ending balance balance Withdrawal Other changes
recovery off/Written-off
N/A
Of which bad debt provision reversed or recovered with significant amount:
Unit: RMB
Basis and rationality of
determining the
Amount reversed or
Subsidiary Reason for reversal Way of recovery original withdrawal
recovered
proportion of bad debt
provision
N/A
Other notes: N/A
5) Interests Receivable Written-off in Current Period
Unit: RMB
Item Amount verified
Interest receivable with actual verification 0.00
Of which the verification of significant interest receivable:
Unit: RMB
Verification Whether generated
Reason for
Subsidiary Nature Amount verified procedures from connected
verification
performed transactions
N/A
Notes to verification: N/A
128BOE Technology Group Co. Ltd. Interim Report 2026
Other notes: N/A
(2) Dividends Receivable
1) Category of Dividends Receivable
Unit: RMB
Project (or investee) Ending balance Beginning balance
Xianyang Caihong Optoelectronics
0.00173700509.00
Technology Co. Ltd.Bank of Chongqing Co. Ltd. 7038904.00 4211600.00
Honor Device Co. Ltd. 187354.00 0.00
Total 7226258.00 177912109.00
2) Significant Dividend Receivable Aging Over One Year
Unit: RMB
Whether occurred
Project (or investee) Ending balance Aging Unrecovered reason impairment and its
judgment basis
N/A
3) Disclosure by Withdrawal Methods for Bad Debts
□Applicable □Not applicable
4) Bad Debt Provision Withdrawal Reversed or Recovered in the Current Period
Unit: RMB
Changes in the Reporting Period
Beginning
Category
balance Reversal or Charged-
Ending balance
Withdrawal Other changes
recovery off/Written-off
N/A
Of which bad debt provision reversed or recovered with significant amount:
Unit: RMB
Basis and rationality of
determining the
Amount reversed or
Subsidiary Reason for reversal Way of recovery original withdrawal
recovered
proportion of bad debt
provision
N/A
Other notes: N/A
5) Dividends Receivable with Actual Verification during the Reporting Period
Unit: RMB
Item Amount verified
Dividend receivable with actual verification 0.00
Of which the verification of significant dividends receivable:
129BOE Technology Group Co. Ltd. Interim Report 2026
Unit: RMB
Verification Whether generated
Reason for
Subsidiary Nature Amount verified procedures from connected
verification
performed transactions
N/A
Notes to verification: N/A
Other notes: N/A
(3) Other Accounts Receivable
1) Other Account Receivable Classified by Account Nature
Unit: RMB
Nature Ending carrying balance Beginning carrying balance
Equity transfer fee receivable 200000000.00 200000000.00
Deposits and guaranteed deposits 249265275.00 338508142.00
Others 193747741.00 128230991.00
Total 643013016.00 666739133.00
2) Disclosure by Aging
Unit: RMB
Ageing Ending carrying balance Beginning carrying balance
Within one year (including one year) 262665862.00 225200020.00
One to two years 75436336.00 124947335.00
Two to three years 10689472.00 16658899.00
Over three years 294221346.00 299932879.00
Three to four years 17926821.00 18868093.00
Four to five years 7349646.00 32368792.00
Over five years 268944879.00 248695994.00
Total 643013016.00 666739133.00
130BOE Technology Group Co. Ltd. Interim Report 2026
3) Disclosure by Withdrawal Methods for Bad Debts
□Applicable □ Not applicable
Unit: RMB
Ending balance Beginning balance
Carrying amount Provision for impairment Carrying amount Provision for impairment
Category
Withdrawal Carrying value Withdrawal Carrying value
Amount Proportion Amount Amount Proportion Amount
proportion proportion
Bad debt provision
506510202.0078.77%21400258.004.23%485109944.00591317825.0088.69%21118108.003.57%570199717.00
separately accrued
Of which:
Funds with high credit risk 21715792.00 3.38% 21400258.00 98.55% 315534.00 21793945.00 3.27% 21118108.00 96.90% 675837.00
Funds with low credit risk 484794410.00 75.39% 0.00 0.00% 484794410.00 569523880.00 85.42% 0.00 0.00% 569523880.00
Withdrawal of bad debt
136502814.0021.23%1456315.001.07%135046499.0075421308.0011.31%739234.000.98%74682074.00
provision by group
Of which:
Funds with moderate credit
136502814.0021.23%1456315.001.07%135046499.0075421308.0011.31%739234.000.98%74682074.00
risk
Total 643013016.00 100.00% 22856573.00 3.55% 620156443.00 666739133.00 100.00% 21857342.00 3.28% 644881791.00
Category name of bad debt provision accrued by item: Funds with high credit risk
Unit: RMB
Beginning balance Ending balance
Name Provision for Withdrawal Reason for
Carrying amount Provision for impairment Carrying amount
impairment proportion withdrawal
Funds with high credit risk 21793945.00 21118108.00 21715792.00 21400258.00 98.55% N/A
Funds with low credit risk 569523880.00 0.00 484794410.00 0.00 0.00% N/A
Total 591317825.00 21118108.00 506510202.00 21400258.00
131BOE Technology Group Co. Ltd. Interim Report 2026
Category name of withdrawal of bad debt provision by group: Funds with moderate credit risk
Unit: RMB
Ending balance
Name
Carrying amount Provision for impairment Withdrawal proportion
Funds with moderate credit risk 136502814.00 1456315.00 1.07%
Total 136502814.00 1456315.00
Notes for the basis of determining such portfolio:
Customer grouping Grouping basis
There are special circumstances such as litigation or deterioration of customer
Customers with a high credit risk
credit standing
Intra-group units imprest security deposits deposits and funds with low credit
Customers with a low credit risk
risk to customers
Customers with a moderate credit risk Customers not classified as the above grouping
Withdrawal of bad debt provision by adopting the general mode of expected credit loss:
Unit: RMB
Phase I Phase II Phase III
Expected credit Expected credit losses
Provision for impairment Expected credit loss losses for the whole for the whole Total
in the next 12
existence period (no existence period (with
months
credit impairment) credit impairment)
Balance of 1 January 2026 722019.00 17215.00 21118108.00 21857342.00
Balance of 1 January 2026 in the
Current Period
--Transfer to Phase II 0.00 0.00 0.00 0.00
--Transfer to Phase III 0.00 0.00 0.00 0.00
--Reserve to Phase II 0.00 0.00 0.00 0.00
--Reserve to Phase I 7704.00 -5000.00 -2704.00 0.00
Withdrawal of the Current Period 773337.00 345.00 284854.00 1058536.00
Reversal of the current period -47422.00 -11883.00 0.00 -59305.00
Amount charged-off for the current
0.000.000.000.00
period
Amount written-off for the current
0.000.000.000.00
period
Other changes 0.00 0.00 0.00 0.00
Balance of 30 June 2026 1455638.00 677.00 21400258.00 22856573.00
The basis for the division of each phase and the withdrawal proportion of bad debt provision
Item Phase I Phase II Phase III
Credit risk has not Credit risk has increased Credit impairment has
Phase
increased significantly significantly since initial recognition occurred after initial
characteristics
since initial recognition but credit impairment has occurred recognition
Expected credit loss in the Expected credit loss for the whole Expected credit loss for the
Loss provisions
next 12 months existence period whole existence period
Changes of carrying amount with significant amount changed of loss provision in the current period
□Applicable □Not applicable
132BOE Technology Group Co. Ltd. Interim Report 2026
4) Bad Debt Provision Withdrawn Reversed or Recovered in the Reporting Period
Information of bad debt provision withdrawn:
Unit: RMB
Changes in the Reporting Period
Charged
Category Beginning balance Reversal or - Othe Ending balance
Withdrawal
recovery off/Writt rs
en-off
Funds with high credit risk 21118108.00 284854.00 -2704.00 0.00 0.00 21400258.00
Funds with moderate credit risk 739234.00 773682.00 -56601.00 0.00 0.00 1456315.00
Total 21857342.00 1058536.00 -59305.00 0.00 0.00 22856573.00
N/A
Of which the bad debt provision reversed or recovered with significant amount during the Reporting Period:
Unit: RMB
Amount reversed or Reason for Way of Basis and rationality of determining the original
Subsidiary
recovered reversal recovery withdrawal proportion of bad debt provision
N/A
N/A
5) Other Accounts Receivable with Actual Verification during the Reporting Period
Unit: RMB
Item Amount verified
N/A
Of which the verification of significant other accounts receivable:
Unit: RMB
Verification Whether generated
Reason for
Subsidiary Nature Amount verified procedures from connected
verification
performed transactions
N/A
Notes to the verification of other accounts receivable:
N/A
6) Top Five Other Accounts Receivable in Ending Balance Collected According to the Arrears Party
Unit: RMB
Proportion to total
Ending balance of
Subsidiary Nature Ending balance Aging ending balance of
bad debt provision
other receivables (%)
Customer 1 Other 200000000.00 Over five years 31.10% 0.00
Within one year three
Customer 2 Other 96882323.00 15.07% 0.00
to four years over five
133BOE Technology Group Co. Ltd. Interim Report 2026
years
Deposits and
Within one year one to
Customer 3 guaranteed 68109000.00 10.59% 0.00
two years
deposits
Deposits and Within one year one to
Customer 4 guaranteed 27243600.00 two years three to four 4.24% 0.00
deposits years
Customer 5 Other 19525000.00 Within one year 3.04% 0.00
Total 411759923.00 64.04% 0.00
7) Presentation in Other Receivables Due to the Centralized Management of Fund
Unit: RMB
Amounts presented in other receivables due to the centralized management of funds 0.00
Explanation N/A
Other notes:
N/A
8. Prepayments
(1) Listed by Aging
Unit: RMB
Ending balance Beginning balance
Ageing
Amount Proportion Amount Proportion
Within one year 901613504.00 91.74% 733396737.00 90.46%
One to two years 50823535.00 5.17% 43028675.00 5.31%
Two to three years 7256442.00 0.74% 5809491.00 0.72%
Over three years 23103675.00 2.35% 28466561.00 3.51%
Total 982797156.00 810701464.00
Notes of the reasons of the prepayment aging over one year with significant amount but failed settled in time:
The Group did not have prepayments that aged over one year with a significant amount but were not settled in
time.
(2) Top Five of the Ending Balance of the Prepayments Collected According to the Prepayment Target
The total Top five prepayment in ending balance of the Group was RMB300247487.00 accounting for 30.55%
of total closing balance of prepayment.Other notes: N/A
9. Inventory
Whether the Company needs to comply with disclosure requirements for real estate industry
No
134BOE Technology Group Co. Ltd. Interim Report 2026
(1) Category of Inventory
Unit: RMB
Ending balance Beginning balance
Falling price reserves of Falling price reserves of
Item inventory or depreciation inventory or depreciation
Carrying amount Carrying value Carrying amount Carrying value
reserves of contract reserves of contract
performance cost performance cost
Raw materials 10819467608.00 1503859278.00 9315608330.00 10127483636.00 1491552605.00 8635931031.00
Goods in process 7179224638.00 1056989831.00 6122234807.00 7441707138.00 1625004821.00 5816702317.00
Inventory goods 13495687385.00 2533020667.00 10962666718.00 15780958702.00 2878956689.00 12902002013.00
Turnover
221063432.000.00221063432.00207469654.000.00207469654.00
materials
Expendable
0.000.000.000.000.000.00
biological assets
Contract
259038347.000.00259038347.00186421121.000.00186421121.00
performance costs
Goods in transit 0.00 0.00 0.00 0.00 0.00 0.00
Total 31974481410.00 5093869776.00 26880611634.00 33744040251.00 5995514115.00 27748526136.00
(2) Falling Price Reserves of Inventories and Impairment Provision for Contract Performance Costs
Unit: RMB
Increase Decrease
Item Beginning balance Reversal or Ending balance
Withdrawal Others Others
charge-off
Raw materials 1491552605.00 367216832.00 0.00 0.00
354910159.001503859278.00
Goods in process 1625004821.00 183458853.00 0.00 0.00
751473843.001056989831.00
Inventory goods 2878956689.00 1081789328.00 0.00 0.00
1427725350.002533020667.00
135BOE Technology Group Co. Ltd. Interim Report 2026
Turnover materials 0.00 0.00 0.00 0.00 0.00 0.00
Expendable biological assets 0.00 0.00 0.00 0.00 0.00 0.00
Contract performance costs 0.00 0.00 0.00 0.00 0.00 0.00
Total 5995514115.00 1632465013.00 0.00 0.00 5093869776.00
2534109352.00
N/A
Provision for depreciation in value of inventories by portfolio
Unit: RMB
Period-end Period-beginning
Portfolio name Depreciation provision Depreciation provision
Ending balance Falling price reserves Beginning balance Falling price reserves
proportion proportion
N/A
Provision standards for depreciation in value of inventories by group
N/A
136BOE Technology Group Co. Ltd. Interim Report 2026
(3) Notes to the Ending Balance of Inventories Including Capitalized Borrowing Expense
N/A
(4) Amount of Contract Performance Costs Amortized in the Reporting Period
N/A
10. Current Portion of Non-current Assets
Unit: RMB
Item Ending balance Beginning balance
Debt investments due within one year 0.00 0.00
Other debt investments due within one year 0.00 0.00
Long-term receivables due within one year 0.00 4081560.00
Total 0.00 4081560.00
(1) Investments in Debt Obligations Due within One Year
□Applicable □Not applicable
(2) Other Investments in Debt Obligations Due within One Year
□Applicable □Not applicable
11. Other Current Assets
Unit: RMB
Item Ending balance Beginning balance
Contract acquisition costs 52083985.00 56308183.00
Refund costs receivable 147133908.00 193068473.00
Compensatory assets 0.00 0.00
Impairment of VAT to be offset 3422193035.00 3482259330.00
Input tax of VAT to be certified and
492934081.00614835747.00
deducted
Prepaid income tax 125441145.00 144329925.00
Others 91968099.00 319020208.00
Total 4331754253.00 4809821866.00
Information on compensatory assets
Other notes:
N/A
137BOE Technology Group Co. Ltd. Interim Report 2026
12. Other Equity Instrument Investments
Unit: RMB
Reason for
Accumulative Accumulative assigning to
Gains recorded
Losses recorded in gains recorded in losses recorded in measure in fair
in other Dividend income
Beginning other comprehensive other other value and the
Item comprehensive recognized in the Ending balance
balance income in the current comprehensive comprehensive changes included
income in the current period
period income in the income in the in other
current period
current period current period comprehensive
income
Planning long-
Listed equity
333098340.00 0.00 84550276.00 45321179.00 172420186.00 7135431.00 248548064.00 term holding for
instrument investment
strategic purpose
Unlisted equity Planning long-
instruments 203118852.00 3299318.00 23659981.00 26598575.00 101127889.00 8285160.00 180212036.00 term holding for
investment strategic purpose
Total 536217192.00 3299318.00 108210257.00 71919754.00 273548075.00 15420591.00 428760100.00
There is derecognition in the current period
Unit: RMB
Accumulative gains transferred in retained Accumulative losses transferred in retained
Item Reason for derecognition
earnings earnings
Transfer out due to derecognition upon
Nanjing Xinjiayuan Technology Co. Ltd. 392607.00 0.00
disposal
Transfer out due to derecognition upon
MOOV INC. 0.00 27731464.00
cancellation
Disclosure of non-trading equity instrument investment by items
Unit: RMB
Reason for assigning to
Amount of other Reason for other
measure in fair value
Dividend income comprehensive income comprehensive income
Item Accumulative gains Accumulative losses and the changes
recognized transferred to retained transferred to retained
included in other
earnings earnings
comprehensive income
138BOE Technology Group Co. Ltd. Interim Report 2026
Planning long-term
Listed equity instrument
7135431.00 139777015.00 145088736.00 0.00 holding for strategic N/A
investment
purpose
Planning long-term Transfer out due to
Unlisted equity
8285160.00 129815086.00 83291814.00 -27338857.00 holding for strategic derecognition upon
instruments investment
purpose disposal or cancellation
Other notes:
N/A
13. Long-term Equity Investment
Unit: RMB
Increase/decrease
Beginning Profit and Declared Withdra Ending Ending Beginning
balance of loss on Adjustment distribution wal of balance balance of Investee balance (carrying
impairment Additional Reduced investments of other Other equity of cash impairm Others (carrying impairment value)
provision investment investment confirmed comprehen movements dividends or ent value) provision
according to sive income
profits provision
equity law
I. Joint Ventures
Chongqing
-
Maite 365641729.
369937041.000.000.000.004295312.00.000.000.000.000.000.00
Optoelectronics 00
0
Co. Ltd.-
365641729.
Sub-total 369937041.00 0.00 0.00 0.00 4295312.0 0.00 0.00 0.00 0.00 0.00 0.00
00
0
II. Associated Enterprises
---
VusionGroup 4318616098.0 93812817. 420326027
0.000.000.000.0096998907290102070.0083159520.00
SA 0 00 7.00.00.004.00
Tianjin - -
1577098100.012089262245421350
Xianzhilian 0.00 0.00 28487576 0.00 0.00 46935058 0.00 0.00 0.00
025.005.00
Investment 2.00 .00
139BOE Technology Group Co. Ltd. Interim Report 2026
Centre (Limited
Partnership)
Ordos BOE
-
Energy 1024851832.0 777858312 102373149 777858312
0.000.001120334.00.000.000.000.000.00
Investment Co. 0 .00 8.00 .00
0
Ltd.Beijing
Xindongneng - -
128686368741003893.
Investment 719487058.00 0.00 0.00 0.00 2022494 0.00 86944585 0.00 0.00 0.00.0000
Fund (Limited 8.00 .00
Partnership)
---
10626219436.39018819127859361424471275794490-107647944381524376
Others 11235955 43186037 35228108 0.00
00.006.00.007.0026321.0015.00.00.00.00.00
----
18266272524.11680465278593615727522377199519187003511593826
Sub-total 29611171 14018494 19811795 0.00 8318584
0003.006.0003.009.0088.0088.00
7.004.008.005.00
----
18636209565.11680465278593615684568377199519552645311593826
Total 29611171 14018494 19811795 0.00 8318584
0003.006.0091.009.0017.0088.00
7.004.008.005.00
The recoverable amount is determined based on the net amount of the fair value minus disposal costs
□Applicable □Not applicable
The recoverable amount is determined by the present value of the expected future cash flow
□Applicable □Not applicable
The reason for the discrepancy between the foregoing information and the information used in the impairment tests in prior years or external information
N/A
The reason for the discrepancy between the information used in the Company’s impairment tests in prior years and the actual situation of those years
N/A
Other notes
N/A
140BOE Technology Group Co. Ltd. Interim Report 2026
14. Other Non-current Financial Assets
Unit: RMB
Item Ending balance Beginning balance
Equity investments 1398216829.00 2874055003.00
Total 1398216829.00 2874055003.00
Other notes:
N/A
15. Investment Property
(1) Investment Property Adopted the Cost Measurement Mode
□Applicable □ Not applicable
Unit: RMB
Construction in
Item Houses and buildings Land use right Total
Progress
I. Original Carrying Value
1. Beginning Balance 2194739398.00 785342177.00 0.00 2980081575.00
2. Increased Amount of the
205251552.000.000.00205251552.00
Period
(1) Outsourcing 0.00 0.00 0.00 0.00
(2) Transfer from
Inventory/ Fixed Assets/ 205251552.00 0.00 0.00 205251552.00
Construction in Progress
(3) Business
0.000.000.000.00
Combination Increase
(4) Others 0.00 0.00 0.00 0.00
3. Decreased Amount of
0.000.000.000.00
the Period
(1) Disposal 0.00 0.00 0.00 0.00
(2) Other Transfer 0.00 0.00 0.00 0.00
4. Ending Balance 2399990950.00 785342177.00 0.00 3185333127.00
II. Accumulative Depreciation
and Accumulative Amortization
1. Beginning Balance 604622658.00 228842013.00 0.00 833464671.00
2. Increased Amount of the
43924152.0012118227.000.0056042379.00
Period
(1) Withdrawal or
43924152.0012118227.000.0056042379.00
Amortization
(2) Transfer from
0.000.000.000.00
fixed assets
3. Decreased Amount of
0.000.000.000.00
the Period
(1) Disposal 0.00 0.00 0.00 0.00
(2) Other Transfer 0.00 0.00 0.00 0.00
141BOE Technology Group Co. Ltd. Interim Report 2026
4. Ending Balance 648546810.00 240960240.00 0.00 889507050.00
III. Depreciation Reserves
1. Beginning Balance 0.00 0.00 0.00 0.00
2. Increased Amount of the
0.000.000.000.00
Period
(1) Withdrawal 0.00 0.00 0.00 0.00
3. Decreased Amount of
0.000.000.000.00
the Period
(1) Disposal 0.00 0.00 0.00 0.00
(2) Other Transfer 0.00 0.00 0.00 0.00
4. Ending Balance 0.00 0.00 0.00 0.00
IV. Carrying value
1. Ending Carrying Value 1751444140.00 544381937.00 0.00 2295826077.00
2. Beginning Carrying
1590116740.00556500164.000.002146616904.00
Value
The recoverable amount is determined based on the net amount of the fair value minus disposal costs
□Applicable □Not applicable
The recoverable amount is determined by the present value of the expected future cash flow
□Applicable □Not applicable
The reason for the discrepancy between the foregoing information and the information used in the impairment tests in prior years or
external information
N/A
The reason for the discrepancy between the information used in the Company’s impairment tests in prior years and the actual situation
of those years
N/A
Other notes:
N/A
(2) Investment Property Adopted the Fair Value Measurement Mode
□Applicable □Not applicable
(3) Projects Converted to Investment Properties and Measured at Fair Value
Unit: RMB
Accounting Impact on other
Reason for Approval Impact on gain
Item item before Amount comprehensive
conversion procedure and loss
conversion income
N/A
142BOE Technology Group Co. Ltd. Interim Report 2026
(4) Investment Property with Certificate of Title Uncompleted
Unit: RMB
Item Carrying value Reason
N/A
Other notes
N/A
16. Fixed Assets
Unit: RMB
Item Ending balance Beginning balance
Fixed assets 174312160817.00 186299299142.00
Disposal of fixed assets 0.00 0.00
Total 174312160817.00 186299299142.00
(1) List of Fixed Assets
Unit: RMB
Buildings and
Item Equipment Others Total
structures
I. Original Carrying
Value
1. Beginning
82179061498.00356717099958.0020370217875.00459266379331.00
Balance
2. Increased
482843838.003664312812.001132227898.005279384548.00
Amount of the Period
(1) Purchase 500.00 345415748.00 778623265.00 1124039513.00
(2) Transfer
from Construction in 496864966.00 3341648078.00 361683708.00 4200196752.00
Progress
(3) Business
0.000.000.000.00
Combination Increase
(4) Written
down with Government 0.00 -143752.00 -31807.00 -175559.00
Grants
(5) Exchange
Difference on
-14021628.00-22607262.00-8047268.00-44676158.00
Translating Foreign
Operations
3. Decreased
181157235.00432379364.0078834240.00692370839.00
Amount of the Period
(1) Disposal
664697.00340962074.0076784372.00418411143.00
or Scrap
(2) Transfer
to Construction in 0.00 91417290.00 2049868.00 93467158.00
Progress
(3) Transfer 180492538.00 0.00 0.00 180492538.00
143BOE Technology Group Co. Ltd. Interim Report 2026
to investment
properties
4. Ending Balance 82480748101.00 359949033406.00 21423611533.00 463853393040.00
II. Accumulated
depreciation
1. Beginning
16375185614.00240415063902.0014021383778.00270811633294.00
Balance
2. Increased
1143101590.0014640980742.001258569061.0017042651393.00
Amount of the Period
(1)
1143836774.0014651413274.001263684832.0017058934880.00
Withdrawal
(2) Exchange
Difference on
-735184.00-10432532.00-5115771.00-16283487.00
Translating Foreign
Operations
3. Decreased
10172498.00349522192.0067394232.00427088922.00
Amount of the Period
(1) Disposal
44032.00298608160.0066215611.00364867803.00
or Scrap
(2) Transfer
to Construction in 0.00 50914032.00 1178621.00 52092653.00
Progress
(3) Transfer
to investment 10128466.00 0.00 0.00 10128466.00
properties
4. Ending Balance 17508114706.00 254706522452.00 15212558607.00 287427195765.00
III. Depreciation
Reserves
1. Beginning
6651757.001922965955.00225829183.002155446895.00
Balance
2. Increased
-56231.00-30415.00-8650.00-95296.00
Amount of the Period
(1)
0.000.000.000.00
Withdrawal
(2) Exchange
Difference on
-56231.00-30415.00-8650.00-95296.00
Translating Foreign
Operations
3. Decreased
608356.0038527031.002179754.0041315141.00
Amount of the Period
(1) Disposal
608356.0035445442.001943482.0037997280.00
or Scrap
(2) Transfer
to Construction in 0.00 3081589.00 236272.00 3317861.00
Progress
4. Ending Balance 5987170.00 1884408509.00 223640779.00 2114036458.00
IV. Carrying value
1. Ending
64966646225.00103358102445.005987412147.00174312160817.00
Carrying Value
144BOE Technology Group Co. Ltd. Interim Report 2026
2. Beginning
65797224127.00114379070101.006123004914.00186299299142.00
Carrying Value
(2) Temporarily Idle Fixed Assets
Unit: RMB
Original Carrying Accumulated Depreciation
Item Carrying Value Note
Value depreciation Reserves
N/A
(3) List of Fixed Assets with Certificate of Title Uncompleted
Unit: RMB
Item Carrying value Reason
N/A
Other notes
As at 30 June 2026 fixed assets pending certificates of ownership totalled RMB2446344605 and certificates of ownership is still
being processed.
(4) Impairment Test of Fixed Assets
□Applicable □ Not applicable
The recoverable amount is determined based on the net amount of the fair value minus disposal costs
□Applicable □ Not applicable
Unit: RMB
Determination
method of fair Basis for
Recoverable Impairment
Item Carrying value value and Key parameters determining
amount amount
disposal key parameters
expenses
N/A
The recoverable amount is determined by the present value of the expected future cash flow
□Applicable □Not applicable
The reason for the discrepancy between the foregoing information and the information used in the impairment tests in prior years or
external information
N/A
The reason for the discrepancy between the information used in the Company’s impairment tests in prior years and the actual situation
of those years
N/A
Other notes:
N/A
145BOE Technology Group Co. Ltd. Interim Report 2026
(5) Disposal of Fixed Assets
Unit: RMB
Item Ending balance Beginning balance
N/A
Total
Other notes:
N/A
17. Construction in Progress
Unit: RMB
Item Ending balance Beginning balance
Construction in Progress 58925351259.00 52943124120.00
Engineering materials 0.00 0.00
Total 58925351259.00 52943124120.00
146BOE Technology Group Co. Ltd. Interim Report 2026
(1) List of Construction in Progress
Unit: RMB
Ending balance Beginning balance
Item Impairment Impairment
Carrying amount Carrying value Carrying amount Carrying value
provision provision
BOE’s 8.6th Generation
AMOLED Production Line 31591450425.00 0.00 31591450425.00 26932073883.00 0.00 26932073883.00
Project
BOE's 6th Generation New
Semiconductor Display Device 16842994314.00 0.00 16842994314.00 16275532815.00 0.00 16275532815.00
Production Line Project
Others 10554112442.00 63205922.00 10490906520.00 9798723344.00 63205922.00 9735517422.00
Total 58988557181.00 63205922.00 58925351259.00 53006330042.00 63205922.00 52943124120.00
(2) Changes in Significant Construction in Progress during the Reporting Period
Unit: RMB
Proportio
n of Of which:
Capitalizat
accumulat Accumulati amount of
ion rate of
Transferred Other ive Job ve amount capitalized Capital
Beginning Increased Ending interests
Item Budget in fixed decreased investmen sched of interest interests for resourc
balance amount balance for the
assets amount t in ule capitalizatio the es
Reporting
constructi n Reporting
Period
ons to Period
budget
BOE’s
8.6th Self-
Generation financin
6300000000269320738847539955294618987.315914504251.8921309180
AMOLED 0.00 51.89% 10583680 2.75% g and
0.003.009.00005.00%6.00
Production 6.00 borrowi
Line ng
Project
BOE's 6th 2900000000 1627553281 605609452. 36922506. 1225447 1684299431 70.10 22295130 Self-
70.10%2.28%
Generation 0.00 5.00 00 00 .00 4.00 % 7.00 72147089. financin
147BOE Technology Group Co. Ltd. Interim Report 2026
New 00 g and
Semicondu borrowi
ctor ng
Display
Device
Production
Line
Project
92000000004320760669535960498131541491225447484344447343604311
Total 17798389
0.008.001.003.00.009.003.00
5.00
(3) Provisions for Impairment of Construction in Progress during the Reporting Period
Unit: RMB
Item Beginning balance Increase Decrease Ending balance Reason for withdrawal
The project is in an idle state
and cannot continue to be
Machinery equipment 63205922.00 0.00 0.00 63205922.00
used or there are no plans to
use it temporarily
Total 63205922.00 0.00 0.00 63205922.00 --
Other notes
N/A
(4) Impairment Test of Construction in Progress
□Applicable □Not applicable
(5) Engineering Materials
Unit: RMB
Ending balance Beginning balance
Item
Carrying Impairment Carrying value Carrying Impairment Carrying
148BOE Technology Group Co. Ltd. Interim Report 2026
amount provision amount provision value
N/A
Total
Other notes:
N/A
18. Right-of-use Assets
(1) List of Right-of-use Assets
Unit: RMB
Item Buildings and structures Equipment Others Total
I. Original Carrying Value
1. Beginning Balance 1246499091.00 37212062.00 193848054.00 1477559207.00
2. Increased Amount of the
77052670.004972461.004128263.0086153394.00
Period
(1) Increase 81586964.00 4975534.00 4239903.00 90802401.00
(2) Exchange rate
-4534294.00-3073.00-111640.00-4649007.00
fluctuation
(3) Business
0.000.000.000.00
Combination Increase
3. Decreased Amount of the
115428774.0012828423.000.00128257197.00
Period
4. Ending Balance 1208122987.00 29356100.00 197976317.00 1435455404.00
II. Accumulated depreciation
1. Beginning Balance 602056710.00 17871910.00 50340478.00 670269098.00
2. Increased Amount of the
81383860.005064341.005594645.0092042846.00
Period
(1) Withdrawal 84805988.00 5065045.00 5634204.00 95505237.00
149BOE Technology Group Co. Ltd. Interim Report 2026
(2) Exchange rate
-3422128.00-704.00-39559.00-3462391.00
fluctuation
3. Decreased Amount of the
98752738.009074660.000.00107827398.00
Period
(1) Disposal 98752738.00 9074660.00 0.00 107827398.00
4. Ending Balance 584687832.00 13861591.00 55935123.00 654484546.00
III. Depreciation Reserves
1. Beginning Balance 0.00 0.00 0.00 0.00
2. Increased Amount of the
0.000.000.000.00
Period
(1) Withdrawal 0.00 0.00 0.00 0.00
3. Decreased Amount of the
0.000.000.000.00
Period
(1) Disposal 0.00 0.00 0.00 0.00
4. Ending Balance 0.00 0.00 0.00 0.00
IV. Carrying value
1. Ending Carrying Value 623435155.00 15494509.00 142041194.00 780970858.00
2. Beginning Carrying Value 644442381.00 19340152.00 143507576.00 807290109.00
(2) Impairment Test of Right-of-use Assets
□Applicable □Not applicable
Other notes:
N/A
19. Intangible Assets
(1) List of Intangible Assets
Unit: RMB
150BOE Technology Group Co. Ltd. Interim Report 2026
Patent rights and
Non-patent
Item Land use right Patent proprietary Computer software Others Total
technology
technologies
I. Original Carrying Value
1. Beginning Balance 8344769036.00 0.00 0.00 8713265312.00 2878530823.00 815546617.00 20752111788.00
2. Increased Amount
-11369397.000.000.00135691712.00105126544.00-984529.00228464330.00
of the Period
(1) Purchase 0.00 0.00 0.00 77998911.00 55535502.00 184725.00 133719138.00
(2) Internal
0.000.000.0057936534.000.000.0057936534.00
R&D
(3) Business
0.000.000.000.000.000.000.00
Combination Increase
(4) Transfer
from construction in 0.00 0.00 0.00 0.00 50647173.00 0.00 50647173.00
progress
(5) Exchange
Difference on Translating -11369397.00 0.00 0.00 -243733.00 -1056131.00 -1169254.00 -13838515.00
Foreign Operations
3. Decreased Amount
0.000.000.000.0023234200.000.0023234200.00
of the Period
(1) Disposal 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(2) Others 0.00 0.00 0.00 0.00 23234200.00 0.00 23234200.00
4. Ending Balance 8333399639.00 0.00 0.00 8848957024.00 2960423167.00 814562088.00 20957341918.00
II. Accumulated
amortization
1. Beginning Balance 1258575444.00 0.00 0.00 4340439735.00 1882070119.00 447860621.00 7928945919.00
2. Increased Amount
107703736.000.000.00447107948.00134637413.0013254034.00702703131.00
of the Period
(1) Withdrawal 108136863.00 0.00 0.00 447351681.00 135172558.00 14168554.00 704829656.00
(2) Exchange
difference on translating -433127.00 0.00 0.00 -243733.00 -535145.00 -914520.00 -2126525.00
foreign operations
151BOE Technology Group Co. Ltd. Interim Report 2026
3. Decreased Amount
0.000.000.000.001944802.000.001944802.00
of the Period
(1) Disposal 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(2) Others 0.00 0.00 0.00 0.00 1944802.00 0.00 1944802.00
4. Ending Balance 1366279180.00 0.00 0.00 4787547683.00 2014762730.00 461114655.00 8629704248.00
III. Depreciation Reserves
1. Beginning Balance 0.00 0.00 0.00 25647674.00 0.00 0.00 25647674.00
2. Increased Amount
0.000.000.000.000.000.000.00
of the Period
(1) Withdrawal 0.00 0.00 0.00 0.00 0.00 0.00 0.00
3. Decreased Amount
0.000.000.000.000.000.000.00
of the Period
(1) Disposal 0.00 0.00 0.00 0.00 0.00 0.00 0.00
4. Ending Balance 0.00 0.00 0.00 25647674.00 0.00 0.00 25647674.00
IV. Carrying value
1. Ending Carrying
6967120459.000.000.004035761667.00945660437.00353447433.0012301989996.00
Value
2. Beginning
7086193592.000.000.004347177903.00996460704.00367685996.0012797518195.00
Carrying Value
The proportion of intangible assets formed from the internal R&D of the Company at the period-end to the ending balance of intangible assets was 5.15%.
152BOE Technology Group Co. Ltd. Interim Report 2026
(2) Data Resources Recognized as Intangible Assets
Unit: RMB
Self-processed Data resources acquired
Item Purchased data resources Total
data resources by other means
I. Original Carrying Value
1. Beginning Balance 0.00 0.00 0.00 0.00
2. Increased Amount of the Period 0.00 0.00 0.00 0.00
Of which: Purchase 0.00 0.00 0.00 0.00
Internal R&D 0.00 0.00 0.00 0.00
Other increase 0.00 0.00 0.00 0.00
3. Decreased Amount of the Period 0.00 0.00 0.00 0.00
Of which: Disposal 0.00 0.00 0.00 0.00
Invalid and derecognition 0.00 0.00 0.00 0.00
Other decrease 0.00 0.00 0.00 0.00
4. Ending Balance 0.00 0.00 0.00 0.00
II. Accumulated amortization
1. Beginning Balance 0.00 0.00 0.00 0.00
2. Increased Amount of the Period 0.00 0.00 0.00 0.00
3. Decreased Amount of the Period 0.00 0.00 0.00 0.00
Of which: Disposal 0.00 0.00 0.00 0.00
Invalid and derecognition 0.00 0.00 0.00 0.00
Other decrease 0.00 0.00 0.00 0.00
4. Ending Balance 0.00 0.00 0.00 0.00
III. Depreciation Reserves
1. Beginning Balance 0.00 0.00 0.00 0.00
2. Increased Amount of the Period 0.00 0.00 0.00 0.00
3. Decreased Amount of the Period 0.00 0.00 0.00 0.00
4. Ending Balance 0.00 0.00 0.00 0.00
IV. Carrying value
1. Ending Carrying Value 0.00 0.00 0.00 0.00
2. Beginning Carrying Value 0.00 0.00 0.00 0.00
N/A
(3) Land Use Right with Certificate of Title Uncompleted
Unit: RMB
Item Carrying value Reason
N/A
Other notes
N/A
153BOE Technology Group Co. Ltd. Interim Report 2026
(4) Impairment Test of Intangible Assets
□Applicable □Not applicable
20. Goodwill
(1) Original Carrying Value of Goodwill
Unit: RMB
Name of the invested Increase Decrease
units or events Beginning balance Formed by business Ending balance
generating goodwill Disposal combination
Chengdu BOE Display
537038971.000.000.00537038971.00
Technology Co. Ltd.Nanjing BOE Display
155714415.000.000.00155714415.00
Technology Co. Ltd.BOE Health
Investment 146460790.00 0.00 0.00 146460790.00
Management Co. Ltd.Beijing Yinghe
42940434.000.000.0042940434.00
Century Co. Ltd.BOE HC Semitek Co.
29596088.000.000.0029596088.00
Ltd.United Ultra High-
Definition
14285847.000.000.0014285847.00
Video(Beijing)
Technology Co. Ltd.K-Tronics (Suzhou)
8562464.000.000.008562464.00
Technology Co. Ltd.Beijing BOE
Optoelectronics 4423876.00 0.00 0.00 4423876.00
Technology Co. Ltd.Total 939022885.00 0.00 0.00 939022885.00
(2) Provisions for Impairment of Goodwill
Unit: RMB
Name of the invested Increase Decrease
units or events Beginning balance Ending balance
generating goodwill Withdrawal Disposal
Chengdu BOE Display
147755754.000.000.00147755754.00
Technology Co. Ltd.BOE Health
Investment 133268233.00 0.00 0.00 133268233.00
Management Co. Ltd.Beijing BOE
Optoelectronics 4423876.00 0.00 0.00 4423876.00
Technology Co. Ltd.Total 285447863.00 0.00 0.00 285447863.00
154BOE Technology Group Co. Ltd. Interim Report 2026
(3) Information on the Assets Groups or Combination of Assets Groups which Goodwill Is
Composition and Basis of the
Asset Group or Combination Operating Segment to which Whether it is Consistent with
Name
of Asset Groups to which it it Belongs and Basis that of the Prior Years
Belongs
N/A
Changes in the assets group or combination of assets groups
Composition before the Objective facts leading to the
Name Composition after the change
change change and their basis
N/A
Other notes
N/A
(4) Specific Method of Determining the Recoverable Amount
The recoverable amount is determined based on the net amount of the fair value minus disposal costs
□Applicable □Not applicable
The recoverable amount is determined by the present value of the expected future cash flow
□Applicable □Not applicable
The reason for the discrepancy between the foregoing information and the information used in the impairment tests in prior years or
external information
N/A
The reason for the discrepancy between the information used in the Company’s impairment tests in prior years and the actual situation
of those years
N/A
(5) Completion of Commitments to Results and Corresponding Goodwill Impairment
When goodwill is formed there is a commitment to the results and the Reporting Period or the period preceding the Reporting Period
is within the commitment period
□Applicable □Not applicable
Other notes
N/A
21. Long-term Prepaid Expense
Unit: RMB
Amortization
Other decreased
Item Beginning balance Increased amount amount of the Ending balance
amount
period
Prepaid
242683565.0024338475.0035315757.000.00231706283.00
technology usage
155BOE Technology Group Co. Ltd. Interim Report 2026
fee
Others 356918008.00 92173049.00 45648317.00 1318522.00 402124218.00
Total 599601573.00 116511524.00 80964074.00 1318522.00 633830501.00
Other notes
N/A
22. Deferred Income Tax Assets/Deferred Income Tax Liabilities
(1) Deferred Income Tax Assets that Had not Been Off-set
Unit: RMB
Ending balance Beginning balance
Item Deductible temporary Deferred income tax Deductible temporary Deferred income tax
difference assets difference assets
Provision for
1034101306.00168278351.001193828451.00202710490.00
impairment of assets
Unrealized profit of
0.000.000.000.00
internal transactions
Deductible loss 3702825942.00 599735609.00 3858464946.00 592660713.00
Leasing liabilities 858693181.00 207029763.00 863232852.00 209142446.00
Others 5203873235.00 842468725.00 4638706196.00 727001284.00
Total 10799493664.00 1817512448.00 10554232445.00 1731514933.00
(2) Deferred Income Tax Liabilities Had not Been Off-set
Unit: RMB
Ending balance Beginning balance
Item Taxable temporary Taxable temporary
Deferred tax liabilities Deferred tax liabilities
difference difference
Assets assessment
appreciation from
business consolidation 1337871128.00 332406735.00 1379546179.00 342641243.00
not under the same
control
Changes in fair value
of investment in other 0.00 0.00 0.00 0.00
debt obligations
Changes in fair value
of other investments in 66926256.00 10044705.00 14832429.00 2230635.00
equity instruments
Depreciation of fixed
5059930856.00793941292.005026407776.00782741668.00
assets
Long-term equity
2810510194.00548705476.001375231979.00257307379.00
investment
Right-of-use assets 823907227.00 198766522.00 832344471.00 201781949.00
Others 3996311793.00 955128749.00 2190833224.00 425673718.00
Total 14095457454.00 2838993479.00 10819196058.00 2012376592.00
156BOE Technology Group Co. Ltd. Interim Report 2026
(3) Deferred Income Tax Assets or Liabilities Listed by Net Amount after Off-set
Unit: RMB
Mutual set-off amount Amount of deferred Mutual set-off amount Amount of deferred
of deferred income tax income tax assets or of deferred income tax income tax assets or
Item
assets and liabilities at liabilities after off-set assets and liabilities at liabilities after off-set
the period-end at the period-end the period-begin at the period-begin
Deferred income tax
918366881.00899145567.00877481895.00854033038.00
assets
Deferred tax liabilities 918366881.00 1920626598.00 877481895.00 1134894697.00
(4) List of Unrecognized Deferred Income Tax Assets
Unit: RMB
Item Ending balance Beginning balance
Deductible temporary difference 19743148786.00 24246481675.00
Deductible loss 71072702048.00 74771356495.00
Total 90815850834.00 99017838170.00
(5) Deductible Losses of Unrecognized Deferred Income Tax Assets Will Due in the Following Years
Unit: RMB
Year At the end of the period At the beginning of the period Note
2026 0.00 998653613.00 N/A
2027 1739312875.00 1094402070.00 N/A
2028 4277971593.00 3275814153.00 N/A
2029 5003703121.00 6708515639.00 N/A
2030 7727556218.00 6136610664.00 N/A
2031 6668115091.00 2739007632.00 N/A
2032 and beyond 45282652373.00 53315658935.00 N/A
Indefinite 373390777.00 502693789.00 N/A
Total 71072702048.00 74771356495.00
Other notes
N/A
23. Other Non-current Assets
Unit: RMB
Ending balance Beginning balance
Item Impairme Impairme
Carrying amount nt Carrying value Carrying amount nt Carrying value
provision provision
Contract
acquisition 0.00 0.00 0.00 0.00 0.00 0.00
costs
Contract
performance 12070724.00 0.00 12070724.00 12102827.00 0.00 12102827.00
costs
157BOE Technology Group Co. Ltd. Interim Report 2026
Refund costs
0.000.000.000.000.000.00
receivable
Contract assets 8194799.00 0.00 8194799.00 14101074.00 0.00 14101074.00
Compensatory
0.000.000.000.000.000.00
assets
Large-
denomination
certificates of 14323579255.00 0.00 14323579255.00 10908234286.00 0.00 10908234286.00
deposit and
time deposits
Prepayments
related to long- 1382484502.00 0.00 1382484502.00 829776751.00 0.00 829776751.00
term assets
Imposition of
VAT of
2301110689.000.002301110689.002455616492.000.002455616492.00
imported
equipment
Others 1012630651.00 0.00 1012630651.00 1011427483.00 0.00 1011427483.00
Total 19040070620.00 0.00 19040070620.00 15231258913.00 0.00 15231258913.00
Information on compensatory assets
Other notes:
N/A
158BOE Technology Group Co. Ltd. Interim Report 2026
24. Assets with Restricted Ownership or Right of Use
Unit: RMB
Period-end Period-beginning
Item Type of Type of
Carrying amount Carrying value Status of restriction Carrying amount Carrying value Status of restriction
restriction restriction
Mainly refer to
Mainly refer to margin
margin deposits
deposits pledged for the
Cash at bank 1753429005.00 1753429005.00 Pledged 911821466.00 911821466.00 Pledged pledged for the
issuance of bills
issuance of bills
payable
payable
Endorsed transfer with Endorsed transfer
Notes recourse and pledge for with recourse and
380166604.00 380122139.00 Pledged 391939462.00 391939462.00 Pledged
receivable issuance of bills pledge for issuance
payable of bills payable
Inventories 0.00 0.00 N/A N/A 0.00 0.00 N/A N/A
Mortgaged for Mortgaged for
Fixed assets 195226231479.00 87525494859.00 Mortgaged 194315579962.00 96417684719.00 Mortgaged
borrowings borrowings
Intangible Mortgaged for Mortgaged for
1869721549.00 1555673958.00 Mortgaged 1869141730.00 1581562962.00 Mortgaged
assets borrowings borrowings
Construction Mortgaged for Mortgaged for
15678868439.00 15678868439.00 Mortgaged 16333097942.00 16333097942.00 Mortgaged
in Progress borrowings borrowings
Investment Mortgaged for Mortgaged for
286969583.00 175939343.00 Mortgaged 137198683.00 127541800.00 Mortgaged
properties borrowings borrowings
Other non- Pledged to the bank for
current 27204113.00 27204113.00 Pledged the issuance of bank 0.00 0.00 N/A N/A
assets acceptance bills
Accounts Pledged for
500942962.00 495595138.00 Pledged Pledged for borrowings 473936004.00 467691850.00 Pledged
Receivable borrowings
Total 215723533734.00 107592326994.00 214432715249.00 116231340201.00
Other notes:
N/A
159BOE Technology Group Co. Ltd. Interim Report 2026
25. Short-term Borrowings
(1) Category of Short-term Borrowings
Unit: RMB
Item Ending balance Beginning balance
Pledged loans 460010264.00 361570735.00
Mortgage loans 100006278.00 0.00
Borrowings secured by guarantee 213977085.00 472623423.00
Credit borrowings 3910026701.00 2820827279.00
Total 4684020328.00 3655021437.00
Notes of the category of short-term borrowings:
N/A
(2) Overdue and Outstanding Short-term Borrowings
The amount of the overdue unpaid short-term borrowings at the period-end was RMB0.00 of which the significant overdue unpaid
short-term borrowings are as follows:
Unit: RMB
Borrower Ending balance Interest rate Overdue time Overdue charge rate
N/A
Other notes
N/A
26. Notes Payable
Unit: RMB
Category Ending balance Beginning balance
Trade acceptance bill 0.00 0.00
Bank acceptance bill 2867721829.00 1380128604.00
Total 2867721829.00 1380128604.00
The total amount of notes payable that are due but unpaid amounted to RMB0.00 at the end of the current period. There is no reason
why they are due but not paid.
27. Accounts Payable
(1) List of Accounts Payable
Unit: RMB
Item Ending balance Beginning balance
Payable to related parties 339385656.00 233053726.00
Payable to third parties 38835053204.00 37009238557.00
Total 39174438860.00 37242292283.00
160BOE Technology Group Co. Ltd. Interim Report 2026
(2) Significant Accounts Payable Aging over One Year or Overdue
Unit: RMB
Item Ending balance Reason for not repayment or carry-over
N/A
Other notes:
N/A
28. Other Payables
Unit: RMB
Item Ending balance Beginning balance
Interest payable 0.00 0.00
Dividends payable 79446438.00 40884271.00
Other payables 20849761667.00 20848554111.00
Total 20929208105.00 20889438382.00
(1) Interest Payable
Unit: RMB
Item Ending balance Beginning balance
Interest on long-term borrowings with
interest paid by installment and principal 0.00 0.00
paid at maturity
Interest on corporate bonds 0.00 0.00
Interest payable on short-term
0.000.00
borrowings
Interest on preferred shares\perpetual
0.000.00
bonds divided as financial liabilities
Others 0.00 0.00
Total 0.00 0.00
List of the significant overdue unpaid interest:
Unit: RMB
Borrower Overdue amount Reason
N/A
Other notes:
N/A
(2) Dividends Payable
Unit: RMB
Item Ending balance Beginning balance
Ordinary share dividends 79446438.00 40884271.00
161BOE Technology Group Co. Ltd. Interim Report 2026
Dividends on preferred shares\perpetual
0.000.00
bonds divided as equity instruments
Others 0.00 0.00
Total 79446438.00 40884271.00
Other notes including significant dividends payable unpaid for over one year the unpaid reason shall be disclosed:
N/A
(3) Other Payables
1) Other Payables Listed by Nature
Unit: RMB
Item Ending balance Beginning balance
Payment for construction and equipment 14069701058.00 15453753037.00
Financial transactions 3310062398.00 3288656028.00
Deposits and guaranteed deposits 666365296.00 640983384.00
Equity transfer consideration payable 0.00 492419483.00
Restricted stock repurchase obligations 2016930621.00 16947000.00
Others 786702294.00 955795179.00
Total 20849761667.00 20848554111.00
2) Significant Other Accounts Payable Aging over One Year or Overdue
Unit: RMB
Item Ending balance Reason for not repayment or carry-over
N/A
Other notes
N/A
29. Advances from Customers
(1) List of Advances from Customers
Unit: RMB
Item Ending balance Beginning balance
Advances from third parties 144704683.00 77559036.00
Advances from related parties 80657.00 204018.00
Total 144785340.00 77763054.00
(2) Significant Advances from Customers Aging over One Year or Overdue
Unit: RMB
Item Ending balance Reason for not repayment or carry-over
N/A
Unit: RMB
Item Change in amount Reason(s)
162BOE Technology Group Co. Ltd. Interim Report 2026
N/A
Other notes:
N/A
30. Contract Liability
Unit: RMB
Item Ending balance Beginning balance
Product sales 2135141804.00 2223451538.00
Total 2135141804.00 2223451538.00
Significant contract liabilities aging over one year
Unit: RMB
Item Ending balance Reason for not repayment or carry-over
N/A
Significant changes in the amount of carrying value and the reason in the Reporting Period
Unit: RMB
Item Change in amount Reason(s)
N/A
31. Payroll Payable
(1) List of Payroll Payable
Unit: RMB
Item Beginning balance Increase Decrease Ending balance
I. Short-term salary 3529583603.00 10419226805.00 10230939690.00 3717870718.00
II. Post-employment
benefit-defined 49076823.00 1085354384.00 1085035058.00 49396149.00
contribution plans
III. Termination
6163957.0017134102.0020425924.002872135.00
benefits
IV. Current portion of
0.000.000.000.00
other benefits
Total 3584824383.00 11521715291.00 11336400672.00 3770139002.00
(2) List of Short-term Salary
Unit: RMB
Item Beginning balance Increase Decrease Ending balance
1. Salary bonus
2017028502.008394954941.008329271724.002082711719.00
allowance subsidy
2. Employee welfare 0.00 632960495.00 632960495.00 0.00
3. Social insurance 37389119.00 535542041.00 535735092.00 37196068.00
Of which: Medical
31565749.00478617694.00479595968.0030587475.00
insurance premiums
163BOE Technology Group Co. Ltd. Interim Report 2026
Work-related
2640312.0036427440.0036504048.002563704.00
injury insurance
Maternity
3183058.0020496907.0019635076.004044889.00
insurance
4. Housing fund 32242004.00 625684421.00 627318530.00 30607895.00
5. Labor union budget and
1417996464.00230055470.00101880946.001546170988.00
employee education budget
6. Short-term absence with
0.000.000.000.00
payment
7. Short-term profit sharing
4373202.0029437.003772903.00629736.00
plan
8. Other short-term
20554312.000.000.0020554312.00
remuneration
Total 3529583603.00 10419226805.00 10230939690.00 3717870718.00
(3) List of Defined Contribution Plans
Unit: RMB
Item Beginning balance Increase Decrease Ending balance
1. Basic pension
30242588.00944143997.00943513013.0030873572.00
benefits
2. Unemployment
922925.0031492721.0031532730.00882916.00
insurance
3. Annuity 17911310.00 109717666.00 109989315.00 17639661.00
Total 49076823.00 1085354384.00 1085035058.00 49396149.00
Other notes
N/A
32. Taxes Payable
Unit: RMB
Item Ending balance Beginning balance
VAT 113358707.00 143339519.00
Consumption tax 0.00 0.00
Corporate income tax 514391162.00 505006247.00
Personal income tax 32827054.00 48931710.00
City maintenance and construction tax 257393427.00 280739481.00
Education fees and local education
183244447.00200512976.00
surcharge
Others 130400744.00 140685599.00
Total 1231615541.00 1319215532.00
Other notes
N/A
164BOE Technology Group Co. Ltd. Interim Report 2026
33. Non-current Liabilities Due within One Year
Unit: RMB
Item Ending balance Beginning balance
Current portion of long-term borrowings 29975987576.00 25492734175.00
Current portion of bonds payable 101234521.00 103778356.00
Current portion of long-term payables 337490438.00 917104082.00
Current portion of lease liabilities 163450039.00 156696306.00
Total 30578162574.00 26670312919.00
Other notes:
N/A
34. Other Current Liabilities
Unit: RMB
Item Ending balance Beginning balance
Short-term bonds payable 0.00 0.00
Refunds payable 140720828.00 188185336.00
Warranty provisions 2727802634.00 3064852352.00
Deferred output tax 161638031.00 126657878.00
Others 1363247828.00 969451334.00
Total 4393409321.00 4349146900.00
Increase/decrease of the short-term bonds payable:
Unit: RMB
Amortizat
Issued Interest ion of
Issue Beginni Repaid in
Bond Par Coupon Issue Bond in the accrued premium Ending Default
amoun ng the current
name value rate date duration current at par and balance or not
t balance period
period value depreciati
on
N/A
Total
Other notes:
N/A
35. Long-term Borrowings
(1) Category of Long-term Borrowings
Unit: RMB
Item Ending balance Beginning balance
Pledged loans 470819665.00 468046705.00
Mortgage loans 38317809110.00 42591841188.00
Borrowings secured by guarantee 2412316904.00 2934416729.00
165BOE Technology Group Co. Ltd. Interim Report 2026
Credit borrowings 52447644967.00 55582268851.00
Total 93648590646.00 101576573473.00
Note to the category of long-term borrowings:
N/A
Other notes including interest rate range:
Interest rate range: As at 30 June 2026 the annual interest rates on the above borrowings ranged from 1.20% to 4.63% (31 December
2025: 1.20% to 5.50%).
36. Bonds Payable
(1) Bonds Payable
Unit: RMB
Item Ending balance Beginning balance
The Public Offering of BOE Technology Group Co. Ltd. of
Technological Innovation Corporate Bonds (First Tranche) in 2025 to 1993824758.00 1993086458.00
Professional Investors
The Public Offering of BOE Technology Group Co. Ltd. of
Technological Innovation Corporate Bonds (Second Tranche) in 2025 997398987.00 997115890.00
to Professional Investors
The Public Offering of BOE Technology Group Co. Ltd. of
Technological Innovation Corporate Bonds (Third Tranche) in 2025 997427967.00 997149357.00
to Professional Investors
The Public Offering of BOE Technology Group Co. Ltd. of
Technological Innovation Corporate Bonds (First Tranche) in 2026 to 997189970.00 0.00
Professional Investors
The Public Offering of BOE Technology Group Co. Ltd. of
Technological Innovation Corporate Bonds (Second Tranche) in 2026 997190901.00 0.00
to Professional Investors
The 2025 First Tranche of Medium-Term Notes (Technological
1994652947.001994382623.00
Innovation Notes) of BOE Technology Group Co. Ltd.The 2025 Second Tranche of Technological Innovation Bonds of
997242725.00997104463.00
BOE Technology Group Co. Ltd.The 2025 Third Tranche of Technological Innovation Bonds of BOE
998013048.00997529704.00
Technology Group Co. Ltd.The 2025 Fourth Tranche of Technological Innovation Bonds of BOE
997658384.00997382345.00
Technology Group Co. Ltd.The 2025 Fifth Tranche of Technological Innovation Bonds of BOE
997998833.00997530753.00
Technology Group Co. Ltd.The 2025 Sixth Tranche of Technological Innovation Bonds of BOE
997954120.00997486459.00
Technology Group Co. Ltd.Total 12966552640.00 10968768052.00
166BOE Technology Group Co. Ltd. Interim Report 2026
(2) Changes in bonds payable (excluding preference shares perpetual bonds and other financial instruments classified as financial liabilities)
Unit: RMB
Amortization
Interest
Par Coupon Bond Issued in the of premium Repaid in the Default
Bond name Issue date Issue amount Beginning balance accrued at par Ending balance
value rate duration current period and current period or not
value
depreciation
The Public
Offering of
BOE
Technology
Group Co.Ltd. of
Technological 13 June
100.00 1.94% 5 years 2000000000.00 1993086458.00 0.00 19240548.00 738301.00 38800000.00 1993824758.00 No
Innovation 2025
Corporate
Bonds (First
Tranche) in
2025 to
Professional
Investors
The Public
Offering of
BOE
Technology
Group Co.Ltd. of
Technological 6
Innovation 100.00 1.95% November 5 years 1000000000.00 997115890.00 0.00 9669863.00 283098.00 0.00 997398987.00 No
Corporate 2025
Bonds
(Second
Tranche) in
2025 to
Professional
Investors
167BOE Technology Group Co. Ltd. Interim Report 2026
The Public
Offering of
BOE
Technology
Group Co.Ltd. of
14
Technological
100.00 1.95% November 5 years 1000000000.00 997149357.00 0.00 9669863.00 278610.00 0.00 997427967.00 No
Innovation 2025
Corporate
Bonds (Third
Tranche) in
2025 to
Professional
Investors
The Public
Offering of
BOE
Technology
Group Co.Ltd. of
23
Technological
100.00 2.06% January 5 years 1000000000.00 0.00 1000000000.00 8973699.00 256008.00 0.00 997189970.00 No
Innovation 2026
Corporate
Bonds (First
Tranche) in
2026 to
Professional
Investors
The Public
Offering of
BOE
Technology
Group Co. 19 March
100.00 1.97% 5 years 1000000000.00 0.00 1000000000.00 5613151.00 162599.00 0.00 997190901.00 No
Ltd. of 2026
Technological
Innovation
Corporate
Bonds
168BOE Technology Group Co. Ltd. Interim Report 2026
(Second
Tranche) in
2026 to
Professional
Investors
The 2025 First
Tranche of
Medium-Term
Notes
(Technological
23 April 10
Innovation 100.00 2.23% 2000000000.00 1994382623.00 0.00 22116712.00 270325.00 44600000.00 1994652947.00 No
2025 years
Notes) of
BOE
Technology
Group Co.Ltd.The 2025
Second
Tranche of
Technological
13 May 10
Innovation 100.00 2.23% 1000000000.00 997104463.00 0.00 11058356.00 138262.00 22300000.00 997242725.00 No
2025 years
Bonds of BOE
Technology
Group Co.Ltd.The 2025
Third Tranche
of
Technological
24 June
Innovation 100.00 1.77% 3 years 1000000000.00 997529704.00 0.00 8777260.00 483344.00 17700000.00 998013048.00 No
2025
Bonds of BOE
Technology
Group Co.Ltd.The 2025
Fourth 10 July
100.00 1.70% 5 years 1000000000.00 997382345.00 0.00 8430137.00 276039.00 0.00 997658384.00 No
Tranche of 2025
Technological
169BOE Technology Group Co. Ltd. Interim Report 2026
Innovation
Bonds of BOE
Technology
Group Co.Ltd.The 2025
Fifth Tranche
of
Technological
24 July
Innovation 100.00 1.70% 3 years 1000000000.00 997530753.00 0.00 8430137.00 468080.00 0.00 997998833.00 No
2025
Bonds of BOE
Technology
Group Co.Ltd.The 2025
Sixth Tranche
of
Technological
8 August
Innovation 100.00 1.79% 3 years 1000000000.00 997486459.00 0.00 8876438.00 467661.00 0.00 997954120.00 No
2025
Bonds of BOE
Technology
Group Co.Ltd.Total 13000000000.00 10968768052.00 2000000000.00 120856164.00 3822327.00 123400000.00 12966552640.00
170BOE Technology Group Co. Ltd. Interim Report 2026
(3) Notes to Convertible Corporate Bonds
N/A
(4) Notes to Other Financial Instruments Classified as Financial Liabilities
Basic information about other outstanding financial instruments such as preferred shares and perpetual bonds at the period-end
N/A
Changes of outstanding financial instruments such as preferred shares and perpetual bonds at the period-end
Unit: RMB
Outstandin Period-beginning Increase Decrease Period-end
g financial Carrying Carrying Carrying Carrying
instruments Quantity Quantity Quantity Quantity
value value value value
N/A
Notes to basis for the classification of other financial instruments as financial liabilities
N/A
Other notes
N/A
37. Lease Liabilities
Unit: RMB
Item Ending balance Beginning balance
Long-term lease liabilities 832987267.00 844458972.00
Less: Current portion of lease liabilities 163450039.00 156696306.00
Total 669537228.00 687762666.00
Other notes:
N/A
38. Long-term Accounts Payable
Unit: RMB
Item Ending balance Beginning balance
Long-term payables 2248710888.00 2348036273.00
Specific payables 0.00 0.00
Total 2248710888.00 2348036273.00
(1) Long-term Accounts Payable Listed by Nature of Account
Unit: RMB
171BOE Technology Group Co. Ltd. Interim Report 2026
Item Ending balance Beginning balance
Long-term payables 2248710888.00 2348036273.00
Other notes:
N/A
(2) Specific Payable
Unit: RMB
Item Beginning balance Increase Decrease Ending balance Formed reason
N/A
Total
Other notes:
N/A
39. Provisions
Unit: RMB
Item Ending balance Beginning balance Formed reason
Guarantees provided for
0.00 0.00 N/A
external parties
Pending litigation 0.00 0.00 N/A
Product quality assurance 0.00 0.00 N/A
Restructuring obligation 0.00 0.00 N/A
Pending loss-making
0.00 0.00 N/A
contracts
Refunds payable 0.00 0.00 N/A
Others 0.00 0.00 N/A
Total 0.00 0.00
Other notes including notes to related significant assumptions and evaluation of significant provisions:
N/A
40. Deferred Income
Unit: RMB
Item Beginning balance Increase Decrease Ending balance Formed reason
Government grants 6798033210.00 696995828.00 1338591050.00 6156437988.00 Government grants
Total 6798033210.00 696995828.00 1338591050.00 6156437988.00
Other notes:
N/A
172BOE Technology Group Co. Ltd. Interim Report 2026
41. Other Non-current Liabilities
Unit: RMB
Item Ending balance Beginning balance
Contract liabilities 343882727.00 354918391.00
Contribution of non-controlling interests
2080337128.002083780538.00
with redemption provisions
Deferral of VAT on imported equipment 1401110690.00 1555616492.00
Others 2447395.00 2587246.00
Total 3827777940.00 3996902667.00
Other notes:
N/A
42. Share Capital
Unit: RMB
Increase/decrease (+/-)
Bonus
Item Beginning balance Bonus issue Ending balance
New issues Others Sub-total
shares from
profit
Total
37413880464.000.000.000.00-369552400.00-369552400.0037044328064.00
shares
Other notes:
N/A
43. Other Equity Instrument
(1) The Basic Information of Other Financial Instruments such as Preferred Stock and Perpetual Bond Outstanding at the End
of the Period
N/A
(2) Changes in Financial Instruments such as Preferred Stock and Perpetual Bond Outstanding at the End of the Period
Unit: RMB
Outstandin Period-beginning Increase Decrease Period-end
g financial Carrying Carrying Carrying Carrying
instruments Quantity Quantity Quantity Quantity value value value value
N/A
Total
Changes in other equity instruments for the Current Period explanation on reasons for the changes and basis for related accounting
treatment:
N/A
173BOE Technology Group Co. Ltd. Interim Report 2026
Other notes:
N/A
44. Capital Reserves
Unit: RMB
Item Beginning balance Increase Decrease Ending balance
Capital premium
49553530129.000.001003533451.0048549996678.00
(premium on stock)
Other capital reserves 2306431593.00 0.00 2093326380.00 213105213.00
Total 51859961722.00 0.00 3096859831.00 48763101891.00
Other notes including a description of the increase or decrease for the current period and the reasons for the change:
N/A
45. Treasury Shares
Unit: RMB
Item Beginning balance Increase Decrease Ending balance
Repurchase of public
1499835264.004535682042.003570006893.002465510413.00
shares
Total 1499835264.00 4535682042.00 3570006893.00 2465510413.00
Other notes including a description of the increase or decrease for the current period and the reasons for the change:
N/A
174BOE Technology Group Co. Ltd. Interim Report 2026
46. Other Comprehensive Income
Unit: RMB
Reporting Period
Less: Recorded in Less: Recorded in
other other
comprehensive comprehensive Attributable to
Item Beginning balance Income before Attributable to income in prior income in prior Less: Income owners of the Ending balance
taxation in the non-controlling
period and period and tax expense Company as the
Current Period interests after tax
transferred to profit transferred to parent after tax
or loss in the retained earnings in
Current Period the Current Period
I. Other
comprehensive
income that may not
-241114190.00-53468023.000.00-25782374.00-6516719.00-5502816.00-15666114.00-246617006.00
subsequently be
reclassified to profit
or loss
Of which: Changes
caused by re-
measurements on 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
defined benefit
pension schemes
Other
comprehensive
income that will not
-98117571.0037719041.000.001112857.00-2866814.0039472998.000.00-58644573.00
be reclassified to
profit or loss under
equity method
Changes in fair
value of other
-142996619.00-91187064.000.00-26895231.00-3649905.00-44975814.00-15666114.00-187972433.00
investments in equity
instruments
Changes in fair
0.000.000.000.000.000.000.000.00
value of enterprise
175BOE Technology Group Co. Ltd. Interim Report 2026
credit risk
II. Other
comprehensive
income that may be -525455846.00 -124616689.00 0.00 0.00 0.00 -109187793.00 -15428896.00 -634643639.00
reclassified to profit
or loss
Of which: Other
comprehensive
income that will be
47246031.00918.000.000.000.00918.000.0047246949.00
reclassified to profit
or loss under equity
method
Changes in fair
value of investment in 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
other debt obligations
Amount of
financial assets
reclassified to other 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
comprehensive
income
Provision for
credit impairment of
0.000.000.000.000.000.000.000.00
investment in other
debt obligations
Reserve for cash
0.000.000.000.000.000.000.000.00
flow hedges
Translation
differences arising
from translation of -572701877.00 -124617607.00 0.00 0.00 0.00 -109188711.00 -15428896.00 -681890588.00
foreign currency
financial statements
Total of other
comprehensive -766570036.00 -178084712.00 0.00 -25782374.00 -6516719.00 -114690609.00 -31095010.00 -881260645.00
income
Other notes including the note to the adjustment of the initial recognition amount of hedged item transferred from the effective gain/loss on cash flow hedges: N/A
176BOE Technology Group Co. Ltd. Interim Report 2026
47. Specific Reserve
Unit: RMB
Item Beginning balance Increase Decrease Ending balance
Production safety
207330489.00113946068.0068048573.00253227984.00
reserve
Total 207330489.00 113946068.00 68048573.00 253227984.00
Other notes including a description of the increase or decrease for the current period and the reasons for the change: N/A
48. Surplus Reserves
Unit: RMB
Item Beginning balance Increase Decrease Ending balance
Statutory surplus
3746159015.00111286.000.003746270301.00
reserve
Discretionary surplus
289671309.000.000.00289671309.00
reserve
Reserve fund 0.00 0.00 0.00 0.00
Enterprise expansion
0.000.000.000.00
fund
Others 0.00 0.00 0.00 0.00
Total 4035830324.00 111286.00 0.00 4035941610.00
Notes to surplus reserves including the note to increase and decrease in the Reporting Period and the reason for changes:
N/A
49. Retained Profits
Unit: RMB
Item Reporting Period Same period of last year
Beginning balance of retained earnings before adjustments 43228031107.00 39410894857.00
Total retained earnings at the beginning of adjustments (“+” for
0.000.00
increase “-” for decrease)
Beginning balance of retained profits after adjustments 43228031107.00 39410894857.00
Add: Net profit attributable to owners of the Company as the parent 5247660077.00 5856966754.00
Use of capital reserves to offset losses 0.00 0.00
Less: Appropriation for statutory surplus reserve 111286.00 156075845.00
Withdrawal of discretionary surplus reserves 0.00 0.00
Withdrawal of general reserve 0.00 0.00
Dividend of ordinary shares 2063132991.00 1870694023.00
Dividend of common stock transferred into share capital 0.00 0.00
Interest on holders of other equity instruments 0.00 15917809.00
Transfer of other comprehensive income to retained earnings 25782374.00 -2857173.00
Ending retained earnings 46386664533.00 43228031107.00
List of adjustment of beginning retained profits:
1) RMB0.00 beginning retained profits was affected by retrospective adjustment conducted according to the Accounting Standards for
177BOE Technology Group Co. Ltd. Interim Report 2026
Business Enterprises and relevant new regulations.
2) RMB0.00 beginning retained profits was affected by changes in accounting policies.
3) RMB0.00 beginning retained profits was affected by correction of significant accounting errors.
4) RMB0.00 beginning retained profits was affected by changes in combination scope arising from same control.
5) RMB0.00 beginning retained profits was affected totally by other adjustments.
Detailed explanation of the use of capital reserves to offset losses: N/A
50. Operating Revenue and Cost of Sales
Unit: RMB
Reporting Period Same period of last year
Item
Income Cost Income Cost
Principal activities 98684837970.00 84047684612.00 98566610434.00 84406147477.00
Other operating
4447544889.003582217867.002711571701.002281280958.00
activities
Total 103132382859.00 87629902479.00 101278182135.00 86687428435.00
Breakdown information of operating revenue and cost of sales:
Unit: RMB
Operating revenue by region Reporting Period Same period of last year
Mainland China 50709925031.00 49719622119.00
Other regions 52422457828.00 51558560016.00
Total 103132382859.00 101278182135.00
Information related to performance obligations:
Funds Type of quality
Nature of goods
Timing of Whether or not undertaken by assurance
that the
fulfillment of Important the person the Company provided by the
Item Company is
performance payment terms primarily expected to be Company and
committed to
obligations responsible returned to related
transfer
customers obligations
N/A
Other notes
N/A
Information related to transaction value assigned to residual performance obligations:
The amount of revenue corresponding to performance obligations of contracts signed but not performed or not fully performed yet was
RMB0.00 at the end of the Reporting Period among which RMB0.00 was expected to be recognized in zero year RMB0.00 in zero
year and RMB0.00 in zero year.Information related to variable consideration in contracts:
N/A
Significant contract changes or significant transaction price adjustments
178BOE Technology Group Co. Ltd. Interim Report 2026
Unit: RMB
Item Accounting treatment Amount of impact on revenue
N/A
Other notes
N/A
51. Taxes and Surtaxes
Unit: RMB
Item Reporting Period Same period of last year
Consumption tax 0.00 0.00
City maintenance and construction tax 129584095.00 137032939.00
Education surcharge 94003664.00 97993057.00
Resources tax 0.00 0.00
Property tax 376098441.00 346591037.00
Land use tax 36531662.00 36518885.00
Vehicle and vessel use tax 0.00 0.00
Stamp duty 93304618.00 97970516.00
Others 11533937.00 11541016.00
Total 741056417.00 727647450.00
Other notes:
N/A
52. Administrative Expense
Unit: RMB
Item Reporting Period Same period of last year
Staff costs and general expenses 1888774560.00 1669080877.00
Depreciation and amortization 601797333.00 556887073.00
Others 514624584.00 619208799.00
Total 3005196477.00 2845176749.00
Other notes
N/A
53. Selling Expense
Unit: RMB
Item Reporting Period Same period of last year
Staff costs and daily expenses 781860927.00 657134116.00
Others 206205899.00 244865682.00
Total 988066826.00 901999798.00
Other notes:
179BOE Technology Group Co. Ltd. Interim Report 2026
N/A
54. Development Cost
Unit: RMB
Item Reporting Period Same period of last year
Labor and daily expenses 2779011806.00 2620745727.00
Materials and testing fees 1698002604.00 1450206493.00
Depreciation and amortization 1234885242.00 1104896752.00
Others 1056151434.00 870422421.00
Total 6768051086.00 6046271393.00
Other notes
N/A
55. Finance Cost
Unit: RMB
Item Reporting Period Same period of last year
Interest costs 1529738547.00 1681257729.00
Interest income -763001530.00 -968531573.00
Others 927928492.00 727340.00
Total 1694665509.00 713453496.00
Other notes
N/A
56. Other Income
Unit: RMB
Sources Reporting Period Same period of last year
Government grants related to assets 800423954.00 442970202.00
Government grants related to income 800872497.00 696884877.00
Others 241740625.00 290431138.00
Total 1843037076.00 1430286217.00
57. Gains from Changes in Fair Value
Unit: RMB
Sources Reporting Period Same period of last year
Financial assets held for trading 2310378857.00 70061558.00
Of which: Gains from changes in fair value of
0.000.00
derivative financial instruments
Trading financial liabilities 0.00 0.00
Investment property measured by fair value 0.00 0.00
Total 2310378857.00 70061558.00
Other notes:
180BOE Technology Group Co. Ltd. Interim Report 2026
N/A
58. Investment Income
Unit: RMB
Item Reporting Period Same period of last year
Income from long-term equity investments accounted for
1568456891.00-83513032.00
using equity method
Investment income from disposal of long-term equity
0.00485099798.00
investments
Investment income arising from holding of trading financial
10737929.0011147253.00
assets
Investment income from disposal of financial assets held for
139206093.0018492966.00
trading
Dividend income received from holding of other equity
15420591.006683666.00
instrument investment
Gain from re-measurement of remaining equity interests to
0.000.00
fair value upon the loss of control
Interest income of investment in debt obligations during
0.000.00
holding period
Interest income of investment in other debt obligations
0.000.00
during holding period
Investment income from disposal of investment in other
0.000.00
debt obligations
Gains from debt restructuring 0.00 0.00
Others -3040642.00 -1290725.00
Total 1730780862.00 436619926.00
Other notes
N/A
59. Credit Impairment Loss
Unit: RMB
Item Reporting Period Same period of last year
Bad debt loss on notes receivable -15449.00 7916.00
Bad debt loss on accounts receivable -24463419.00 -67584489.00
Bad debt loss of other receivables -999231.00 -1543420.00
Impairment loss of investment in debt obligations 0.00 0.00
Impairment loss of investment in other debt obligations 0.00 0.00
Bad debt loss of long-term receivables 0.00 0.00
Impairment losses related to financial guarantees 0.00 0.00
Total -25478099.00 -69119993.00
Other notes
N/A
181BOE Technology Group Co. Ltd. Interim Report 2026
60. Asset Impairment Loss
Unit: RMB
Item Reporting Period Same period of last year
I. Loss on inventory valuation and contract performance
-910416030.00-1158663138.00
cost
II. Impairment loss on long-term equity investment 0.00 0.00
III. Impairment loss on investment property 0.00 0.00
IV. Fixed assets impairment losses 0.00 -651107.00
V. Depreciation losses on engineering materials 0.00 0.00
VI. Impairment losses on construction in progress 0.00 0.00
VII. Impairment losses on productive living assets 0.00 0.00
VIII. Impairment losses of oil & gas assets 0.00 0.00
IX. Impairment losses on intangible assets 0.00 0.00
X. Goodwill impairment losses 0.00 0.00
XI. Impairment losses of contract assets 186354.00 -1524760.00
XII. Others 0.00 0.00
Total -910229676.00 -1160839005.00
Other notes:
N/A
61. Assets Disposal Income
Unit: RMB
Sources Reporting Period Same period of last year
Gains from disposal of fixed assets 8870826.00 36206840.00
Gains from disposal of right-of-use
14227.00169356.00
assets
Total 8885053.00 36376196.00
62. Non-operating Income
Unit: RMB
Amount recorded in the
Item Reporting Period Same period of last year current non-recurring profit or
loss
Income from scrap of non-
1308148.004037055.001308148.00
current assets
Others 14683529.00 133129170.00 14683529.00
Total 15991677.00 137166225.00 15991677.00
Other notes:
N/A
182BOE Technology Group Co. Ltd. Interim Report 2026
63. Non-operating Expense
Unit: RMB
Amount recorded in the
Item Reporting Period Same period of last year current non-recurring profit or
loss
Non-monetary asset exchange
0.000.000.00
losses
Donations provided 654390.00 1600039.00 654390.00
Loss on scrap of non-current
3106834.005599880.003106834.00
assets
Others 7817211.00 8770013.00 7817211.00
Total 11578435.00 15969932.00 11578435.00
Other notes:
N/A
64. Income Tax Expense
(1) List of Income Tax Expense
Unit: RMB
Item Reporting Period Same period of last year
Current income tax expense 1488889642.00 998229584.00
Deferred income tax expense 747406522.00 193490483.00
Total 2236296164.00 1191720067.00
(2) Adjustment Process of Accounting Profit and Income Tax Expense
Unit: RMB
Item Reporting Period
Profit before taxation 7267231380.00
Current income tax expense accounted at statutory/applicable 1090084707.00
tax rate
Influence of applying different tax rates by subsidiaries 426552596.00
Influence of income tax before adjustment 0.00
Influence of non-taxable income 0.00
Influence of non-deductable costs expenses and losses 21120929.00
Influence of deductible loss of unrecognized deferred income -159058872.00
tax assets in prior period
Influence of deductible temporary difference or deductible loss 1104973835.00
of unrecognized deferred income tax assets in the Reporting
Period
Others -247377031.00
Income tax expenses 2236296164.00
Other notes
183BOE Technology Group Co. Ltd. Interim Report 2026
N/A
65. Other Comprehensive Income
Refer to Note 46 for details.
66. Cash Flow Statement
(1) Cash Related to Operating Activities
Cash generated from other operating activities
Unit: RMB
Item Reporting Period Same period of last year
Government grants 1066616212.00 3694269499.00
Restricted deposits and others 855731133.00 1304471738.00
Total 1922347345.00 4998741237.00
Notes to cash received related to other operating activities:
N/A
Cash used in other operating activities
Unit: RMB
Item Reporting Period Same period of last year
Expenses paid during the period 2265358256.00 2376570813.00
Total 2265358256.00 2376570813.00
Notes to other cash paid relating to operating activities:
N/A
(2) Cash Related to Investing Activities
Cash generated from other investing activities
Unit: RMB
Item Reporting Period Same period of last year
Proceeds from redemption of large-
denomination certificates of deposit
198062768.00173625393.00
including prepaid interest paid to the
previous holder and others
Total 198062768.00 173625393.00
Significant cash received related to investing activities
Unit: RMB
Item Reporting Period Same period of last year
N/A
Notes to cash generated from other investing activities:
N/A
184BOE Technology Group Co. Ltd. Interim Report 2026
Cash used in other investing activities
Unit: RMB
Item Reporting Period Same period of last year
Payments for the purchase of large-
denomination certificates of deposit
126295567.00125822201.00
including accrued interest paid to the
previous holder and others
Total 126295567.00 125822201.00
Significant cash paid related to investing activities
Unit: RMB
Item Reporting Period Same period of last year
N/A
Notes to other cash paid related to investment activities:
N/A
(3) Cash Related to Financing Activities
Cash generated from other financing activities
Unit: RMB
Item Reporting Period Same period of last year
Recovery of restricted deposits in
0.00123902639.00
financial institutions
Subscription consideration paid by
2057274265.000.00
employees and others
Total 2057274265.00 123902639.00
Notes to cash generated from other financing activities:
N/A
Cash used in other financing activities
Unit: RMB
Item Reporting Period Same period of last year
Payments for capital reduction to non-
0.005114086500.00
controlling interests
Repayment of perpetual bonds 0.00 2000000000.00
Increase in restricted deposits in financial
428569699.000.00
institutions
Share repurchase 4537801186.00 292736447.00
Lease-related principal interest and
185788278.00186041180.00
others
Total 5152159163.00 7592864127.00
Notes to other cash paid related to financing activities:
N/A
Changes in liabilities arising from financing activities
□Applicable □ Not applicable
185BOE Technology Group Co. Ltd. Interim Report 2026
Unit: RMB
Increase Decrease
Item Beginning balance Ending balance
Cash Non-cash Cash Non-cash
Other
3305603028.002057274265.0021406370.000.005326993019.00
payables 57290644.00
Dividends
40884271.000.002120661200.002082099033.000.0079446438.00
payable
Short-term
3655021437.002496841714.0043966675.001511809498.000.004684020328.00
borrowings
Long-term
borrowings
(including
non-current 127069307648.00 16699848287.00 1812653313.00 21957231026.00 0.00
123624578222.00
liabilities due
within one
year)
Lease
liabilities
(including
non-current 844458972.00 0.00 96613252.00 108084957.00 0.00 832987267.00
liabilities due
within one
year)
Bonds
payable
(including
non-current 11072546408.00 2000000000.00 124678491.00 129437738.00 0.00 13067787161.00
liabilities due
within one
year)
Long-term
payables
(including
non-current 121192518.00 0.00 2326731.00 41972075.00 0.00 81547174.00
liabilities due
within one
year)
Other non-
current
liabilities
(including
2083780538.000.0012300000.0015743410.000.002080337128.00
non-current
liabilities due
within one
year)
Total 148192794820.00 23253964266.00 4234606032.00 25846377737.00
57290644.00149777696737.00
(4) Explanation for Presentation of Cash Flows on a Net Basis
Relevant facts and Basis for presentation on a net
Item Financial impact
circumstances basis
Amounts of restricted Cash inflows and outflows for
Restricted monetary funds deposits placed and recovered fast-turnover high-value N/A
are presented on a net basis. short-term items can be
186BOE Technology Group Co. Ltd. Interim Report 2026
presented on a net basis.
(5) Significant Activities and Financial Impact that Do Not Involve Current Cash Receipts and
Disbursements but Affect the Company’s Financial Position or May Affect the Company’s Cash Flows in the
Future
N/A
67. Supplemental Information for Cash Flow Statement
(1) Supplemental Information for Cash Flow Statement
Unit: RMB
Supplemental information Reporting Period Same period of last year
1. Reconciliation of net profit to net cash generated
from/used in operating activities:
Net profit 5030935216.00 3029065939.00
Add: Provision for impairment of assets 935707775.00 1229958998.00
Depreciation of fixed assets oil-gas assets and
17113015499.0018736695135.00
productive living assets
Depreciation of right-of-use assets 95060808.00 104706637.00
Amortization of intangible assets 704829655.00 502597973.00
Amortization of long-term deferred expenses 80964073.00 80344577.00
Losses on disposal of fixed assets intangible assets
-8885053.00-36376196.00
and other long-lived assets (gains: negative)
Losses on scrap of fixed assets (gains: negative) 1798686.00 1562825.00
Losses from variation of fair value (gains: negative) -2310378857.00 -70061558.00
Finance costs (gains: negative) 2212185041.00 993019093.00
Investment loss (gains: negative) -1730780863.00 -437910652.00
Decrease in deferred income tax assets (gains:
-38325379.00-34875695.00
negative)
Increase in deferred income tax liabilities (“-”
785731901.00-36730617.00
means decrease)
Decrease in inventory (gains: negative) -76551621.00 -5203792013.00
Decrease in accounts receivable generated from
-2903220161.0019176274.00
operating activities (gains: negative)
Increase in accounts payable used in operating
3319319774.001550966960.00
activities (decrease: negative)
Others -466772401.00 2307959406.00
Net cash inflow from operating activities 22744634093.00 22736307086.00
2. Significant investing and financing activities without
involvement of cash receipts and payments:
Transfer of debts to capital 0.00 0.00
Convertible corporate bonds due within one year 0.00 0.00
Fixed assets leased in through financing 0.00 0.00
3. Net increase/decrease of cash and cash equivalent:
187BOE Technology Group Co. Ltd. Interim Report 2026
Ending balance of cash 59436374508.00 49809353266.00
Less: Beginning balance of cash 58211295777.00 62005252511.00
Add: Ending balance of cash equivalents 0.00 0.00
Less: Beginning balance of cash equivalents 0.00 0.00
Net increase in cash and cash equivalents 1225078731.00 -12195899245.00
(2) Net Cash Paid For Acquisition of Subsidiaries
Unit: RMB
Item Amount
Cash or cash equivalents paid in the Reporting Period for
0.00
business combination occurring in the Reporting Period
Of which:
Less: Cash and cash equivalents held by subsidiaries on the
0.00
date of purchase date
Of which:
Add: Cash or cash equivalents paid in the Reporting Period for
0.00
business combination occurring in the prior period
Of which:
Net payments for acquisition of subsidiaries 0.00
Other notes:
N/A
(3) Net Cash Received from Disposal of the Subsidiaries
Unit: RMB
Item Amount
Cash or cash equivalents received in the Reporting Period from disposal
0.00
of subsidiaries in the Current Period
Of which:
0.00
Less: Cash and cash equivalents held by subsidiaries on the date of
0.00
losing control power
Of which:
0.00
Add: Cash or cash equivalents received in the Reporting Period from
0.00
disposal of subsidiaries in the prior period
Of which:
0.00
Net cash received from disposal of subsidiaries 0.00
Other notes:
N/A
188BOE Technology Group Co. Ltd. Interim Report 2026
(4) Cash and Cash Equivalents
Unit: RMB
Item Ending balance Beginning balance
I. Cash 59436374508.00 58211295777.00
Including: Cash on hand 1792115.00 1355467.00
Bank deposits available on demand 59328096720.00 58182081075.00
Other monetary funds available on demand 106485673.00 27859235.00
Accounts deposited in the central bank available for
0.000.00
payment
Deposits in other banks 0.00 0.00
Accounts of interbank 0.00 0.00
II. Cash equivalents 0.00 0.00
Of which: Bond investment expired within three months 0.00 0.00
III. Ending balance of cash and cash equivalents 59436374508.00 58211295777.00
Of which: Restricted cash and cash equivalents held by the parent
0.000.00
company or subsidiaries within the Group
(5) Presentation of Cash and Cash Equivalents that Are Subject to Certain Restrictions on Their Usage
Unit: RMB
Reason for classifying the
Item Reporting Period Same period of last year item as cash and cash
equivalents
N/A
(6) Monetary Funds Other than Cash and Cash Equivalents
Unit: RMB
Reason for not classifying the item as cash
Item Reporting Period Same period of last year
and cash equivalents
Principal and interest of large-
denomination certificates of
11112516118.00 14615982260.00 Holding for investment purposes
deposit and time deposits with
maturities over three months
Restricted cash and cash
1753429005.00 1266717604.00 Subject to restrictions on use or ownership
equivalents
Total 12865945123.00 15882699864.00
Other notes:
N/A
(7) Notes on Other Significant Activities
N/A
189BOE Technology Group Co. Ltd. Interim Report 2026
68. Notes to Items of the Statements of Changes in Owners’ Equity
Notes to names under the item of “Other” in the adjusted ending balance for the same period of last year and the corresponding amount:
N/A
69. Foreign Currency Monetary Items
(1) Foreign Currency Monetary Items
Unit: RMB
Ending foreign currency Ending balance converted to
Item Exchange rate
balance RMB
Cash at bank 19231483058.00
Including: USD 2778165907.00 6.8109 18921810179.00
EUR 15148876.00 7.7671 117662835.00
HKD 221069649.00 0.8686 192010044.00
Accounts receivable 20010231798.00
Including: USD 2818542807.00 6.8109 19196813205.00
EUR 503407.00 7.7671 3910009.00
HKD 737525962.00 0.8686 640615051.00
Long-term loans 145753260.00
Including: USD 21400000.00 6.8109 145753260.00
EUR 0.00 7.7671 0.00
HKD 0.00 0.8686 0.00
Other notes:
N/A
(2) The Nature and Financial Impacts of the Lack of Exchangeability the Spot Exchange Rate Used and Its
Estimation Process and the Risks to the Entity Arising from the Lack of Exchangeability
□Applicable □Not applicable
(3) Notes to Overseas Entities Including: for Significant Oversea Entities Main Operating Place Functional
Currency and Selection Basis Shall Be Disclosed; if there Are Changes in Functional Currency Relevant
Reasons Shall Be Disclosed.□Applicable □Not applicable
(4) The Lack of Exchangeability between the Functional Currency of an Overseas Entity and the Entity‘s
Presentation Currency
□Applicable □Not applicable
190BOE Technology Group Co. Ltd. Interim Report 2026
70. Leases
(1) The Company Served as the Lessee
□Applicable □Not applicable
(2) The Company Served as the Lessor
Operating leases with the Company as lessor
□Applicable □ Not applicable
Unit: RMB
Of which: income related to variable
Item Lease income lease payments not included in lease
receipts
Operating lease 364270961.00 42206532.00
Total 364270961.00 42206532.00
Finance leases with the Company as lessor
□Applicable □Not applicable
Undiscounted lease receipts for each of the next five years
□Applicable □Not applicable
Reconciliation of undiscounted lease receipts to net investment in leases
N/A
(3) Recognition of Gain or Loss on Sales under Finance Leases with the Company as a Manufacturer or
Distributor
□Applicable □Not applicable
71. Others
N/A
VIII. Research and Development Expenses
Unit: RMB
Item Reporting Period Same period of last year
Staff costs and daily expenses 2811873730.00 2470437442.00
Material and test expenses 1705947720.00 1436004813.00
Depreciation and amortization 1251158304.00 1156884426.00
Others 1064375943.00 1022325211.00
Total 6833355697.00 6085651892.00
Including: research and development
6768051086.006046271393.00
expenditures that are expensed
Research and development
65304611.0039380499.00
expenditures that are capitalized
191BOE Technology Group Co. Ltd. Interim Report 2026
1. Research and Development Projects Which are Eligible for Capitalization
Unit: RMB
Increase Decrease
Transferred
Beginning
Item Internal Recognized into the Ending balance
balance development Others as intangible current
expenditure assets profit or
loss
HC Semitek
Corporation LED and
Micro-LED 123706247.00 65304611.00 0.00 57936534.00 0.00 131074324.00
technology
development
Total 123706247.00 65304611.00 0.00 57936534.00 0.00 131074324.00
Significant capitalized R&D projects
Expected manner Time of Specific basis for
Estimated
Item R&D progress of generation of commencement of commencement of
completion date
economic benefits capitalization capitalization
N/A
Provision for impairment of development expenditure
Unit: RMB
Item Beginning balance Increase Decrease Ending balance Impairment testing
N/A
2. Significant Outsourced Research and Development Projects in Progress
Expected manner of generation of Judgment criteria and specific basis for
Project name
economic benefits capitalization or expensing
N/A
Other notes:
N/A
IX. Change of Consolidation Scope
1. Business Combination Involving Entities not Under Common Control
(1) Business Combinations Involving Entities Not Under Common Control Occurred During the Reporting Period
Unit: RMB
The The The
Basis for acquiree’s acquiree’s acquiree’s
Name of Date of Cost of Proportion Method of determinin revenue net profit cash flows
Acquisitio
the equity equity of equities equity g the from the from the from the
n date
acquiree acquisition acquisition acquired acquisition acquisition acquisition acquisition acquisition
date date to the date to the date to the
period-end period-end period-end
192BOE Technology Group Co. Ltd. Interim Report 2026
N/A
Other notes:
N/A
(2) Acquisition Cost and Goodwill
Unit: RMB
Acquisition cost
--Cash 0.00
--Fair value of non-cash assets 0.00
--Fair value of issued or assumed debts 0.00
--Fair value of issued equity securities 0.00
--Fair value of the contingent consideration 0.00
--Fair value of equity interests held before the acquisition date
0.00
on the acquisition date
--Others 0.00
Total acquisition cost 0.00
Less: Share of the fair value of the identifiable net assets
0.00
acquired
Amount of goodwill/acquisition cost less than share of the fair
0.00
value of the identifiable net assets acquired
Notes to the method for determining the fair value of the acquisition cost:
N/A
Contingent consideration and its changes:
N/A
Main reasons for the formation of large-amount goodwill:
N/A
Other notes:
N/A
(3) Identifiable Assets and Liabilities of the Acquiree on the Acquisition Date
Unit: RMB
Item
Fair value on the acquisition date Carrying value on the acquisition date
Assets: 0.00 0.00
Cash at bank 0.00 0.00
Receivables 0.00 0.00
Inventories 0.00 0.00
193BOE Technology Group Co. Ltd. Interim Report 2026
Fixed assets 0.00 0.00
Intangible assets 0.00 0.00
Liabilities: 0.00 0.00
Loans 0.00 0.00
Payables 0.00 0.00
Deferred tax liabilities 0.00 0.00
Net assets 0.00 0.00
Less: Non-controlling interests 0.00 0.00
Net assets acquired 0.00 0.00
Method for determining the fair value of identifiable assets and liabilities:
N/A
Contingent liabilities of the acquiree assumed in the business combination:
N/A
Other notes:
N/A
(4) Gain or Loss from Remeasurement of Equity Interests Held before the Acquisition Date at Fair Value
Whether there were several transactions to realize business combinations and acquire controls during the Reporting Period
□Yes □No
(5) Notes to Failure to Reasonably Determine the Combination Consideration or the Fair Value of Identifiable Assets and
Liabilities of the Acquiree on the Acquisition Date or at the End of the Current Period
N/A
(6) Other Notes
N/A
2. Business Combinations Involving Entities Under Common Control
(1) Business Combination under the Same Control during the Current Period
Unit: RMB
Basis for the The combined The combined
The The
Proportion judgment party’s revenue party’s net profit
Basis for combined combined
of equity about the from the from the
Name of the Combin determini party’s party’s net
interests business beginning of the beginning of the
combined ation ng the revenue profit during
acquired in combination current period in current period in
party date combinat during the the
the business under which the which the
ion date compariso comparison
combination common combination combination
n period period
control occurred to the occurred to the
194BOE Technology Group Co. Ltd. Interim Report 2026
combination date combination date
N/A
Other notes:
N/A
(2) Acquisition Cost
Unit: RMB
Acquisition cost
--Cash 0.00
--Carrying value of non-cash assets 0.00
--Carrying value of issued or assumed debts 0.00
--Carrying value of issued equity securities 0.00
--Contingent consideration 0.00
Notes to contingent consideration and its changes:
N/A
Other notes:
N/A
(3) The Carrying Value of Assets and Liabilities of the Combined Party on the Combination Date
Unit: RMB
Combination date End of the previous period
Assets: 0.00 0.00
Cash at bank 0.00 0.00
Receivables 0.00 0.00
Inventories 0.00 0.00
Fixed assets 0.00 0.00
Intangible assets 0.00 0.00
Liabilities: 0.00 0.00
Loans 0.00 0.00
Payables 0.00 0.00
Net assets 0.00 0.00
Less: Non-controlling interests 0.00 0.00
Net assets acquired 0.00 0.00
Contingent liabilities of the combined party assumed in business combinations:
N/A
Other notes:
195BOE Technology Group Co. Ltd. Interim Report 2026
N/A
3. Counter Purchase
Basic information of the transactions basis of the counter purchase basis and whether assets and liabilities retained by the listed
company constitute business determination of the combination cost the amount and calculation of the equity amount adjusted in
treatment for the equity transaction:
N/A
4. Disposal of Subsidiary
Whether there were any transactions or events during the period in which control of the subsidiary was lost
□Yes □No
Whether there are several disposals of the investment to the subsidiary and lost controls
□Yes □No
5. Changes in Combination Scope for Other Reasons
Note to changes in combination scope for other reasons (such as newly establishment or liquidation of subsidiaries etc.) and relevant
information:
The increase in combination scope in this year was due to newly corporation of subsidiaries and the decrease was due to canceling of
subsidiaries.
6. Others
N/A
196BOE Technology Group Co. Ltd. Interim Report 2026
X. Equity in Other Entities
1. Equity in Subsidiary
(1) Subsidiaries
Unit: RMB
Main Shareholding
Registered
Name of the subsidiary Registered capital operating Business nature percentage Acquisition method
place
place Direct Indirect
Chengdu BOE Business combinations
Chengdu Chengdu R&D design production and sales of new display
Optoelectronics Technology 25000000000.00 100.00% 0.00% involving entities not
China China devices and modules and other electronic components
Co. Ltd. under common control
Investment construction R&D production and sales of
Business combinations
Hefei BOE Optoelectronics Hefei Hefei the relevant products of Thin Film Transistor Liquid
2700000000.00 100.00% 0.00% involving entities not
Technology Co. Ltd. China China Crystal Display (TFT-LCD) devices and its auxiliary
under common control
products.Beijing BOE Display Development of Thin Film Transistor Liquid Crystal
Beijing Beijing
Technology Co. Ltd. 8941456800.00 Display (TFT-LCD) devices manufacturing and sale of 97.17% 2.83% Founded by investment
China China
(Beijing BOE Display) Liquid Crystal Display (LCD)
Investment construction R&D production and sales of
Hefei Xinsheng Business combinations
Hefei Hefei the relevant products of Thin Film Transistor Liquid
Optoelectronics Technology 9750000000.00 99.97% 0.03% involving entities not
China China Crystal Display (TFT-LCD) devices and its auxiliary
Co. Ltd. under common control
products.Ordos Yuansheng Ordos Ordos Manufacture and sales of AM-OLED display device-
11804000000.00 100.00% 0.00% Founded by investment
Optoelectronics Co. Ltd. China China related products and auxiliary products.Chongqing BOE R&D production and sales of semiconductor display Business combinations
Chongqing Chongqing
Optoelectronics Technology 3845200000.00 devices entire machines and relevant products; import 100.00% 0.00% involving entities not
China China
Co. Ltd. and export of goods and technical consultancy under common control
Investment building R&D production and sales of
products related to Thin Film Transistor Liquid Crystal
Display (TFT-LCD) devices and their supporting Business combinations
Fuzhou BOE Optoelectronics Fuzhou Fuzhou
17600000000.00 products (business premises are separately established); 88.35% 0.00% involving entities not
Technology Co. Ltd. China China
proprietary and agency import and export of under common control
commodities and technologies (excluding commodities
and technologies that are restricted or prohibited by the
197BOE Technology Group Co. Ltd. Interim Report 2026
government); business management consultancy and
services; house leasing; leasing of machinery
equipment; technological development transfer
consultancy and services of display devices-related
products.Beijing BOE Vision
Beijing Beijing An investment platform that sells Liquid Crystal
Electronic Technology Co. 5636475800.00 100.00% 0.00% Founded by investment
China China Display (LCD)
Ltd.Beijing BOE Vacuum Beijing Beijing Mainly engaged in the production and sales of vacuum
33250000.00 57.89% 0.00% Founded by investment
Electrical Co. Ltd. China China electrical products
Engineering project management; property management
Beijing Yinghe Century Co. Beijing Beijing
233105200.00 services; rental of commercial properties; rental of 100.00% 0.00% Founded by investment
Ltd. China China
offices; enterprise management consultancy
BOE Optical Science and Suzhou Suzhou R&D production and sales of LCD back light for
826714059.00 94.70% 0.00% Founded by investment
Technology Co. Ltd. China China display and related components.BOE Hyundai LCD (Beijing) Beijing Beijing Development manufacture and sale of liquid display
35634000.00 75.00% 0.00% Founded by investment
Display Technology Co. Ltd. China China for mobile termination.BOE (Hebei) MOBILE Langfang Langfang Manufacture and sale of mobile flat screen display
1358160140.00 100.00% 0.00% Founded by investment
Display Technology Co. Ltd. China China technical products and related services.Provide comprehensive zero carbon comprehensive
Beijing BOE Energy Beijing Beijing energy services covering multiple dimensions such as
1242690058.00 68.40% 0.00% Founded by investment
Technology Co. Ltd. China China comprehensive energy services comprehensive energy
utilization and zero carbon services
Beijing BOE Life Beijing Beijing Technology promotion services property management
24000000.00 100.00% 0.00% Founded by investment
Technology Co. Ltd. China China sales of electronic products
Beijing Zhongxiangying Beijing Beijing Technology promotion services property management
142664202.00 70.09% 0.00% Founded by investment
Technology Co. Ltd. China China sales of electronic products
Hong British
BOE Optoelectronics
7126800000.00 Kong Virgin Investment holding 100.00% 0.00% Founded by investment
Holding Co.Ltd
China Islands
South South
BOE (Korea) Co.Ltd. 494000.00 Wholesale and retail trade 100.00% 0.00% Founded by investment
Korea Korea
Business combinations
BOE Health Investment Beijing Beijing
18300000000.00 Investment management and project investment 100.00% 0.00% involving entities not
Management Co. Ltd. China China
under common control
Business combinations
Beijing BOE Matsushita Beijing Beijing Property management parking services commercial
325754049.00 88.80% 0.00% involving entities not
Color CRT Co. Ltd. China China property rental etc.under common control
198BOE Technology Group Co. Ltd. Interim Report 2026
Hefei BOE Display Investment R & D and production of products related Business combinations
Hefei Hefei
Technology Co. Ltd. (Hefei 24000000000.00 to Thin Film Transistor Liquid Crystal Display (TFT- 36.67% 0.00% involving entities not
China China
BOE Display) LCD) devices and the supporting facility under common control
Beijing BOE Technology Beijing Beijing Development transfer consulting and service of
38000000.00 100.00% 0.00% Founded by investment
Development Co. Ltd. China China technology
Investment construction R&D production and sales of
Hefei BOE Zhuoyin Hefei Hefei
800000000.00 products related to OLED display device and auxiliary 100.00% 0.00% Founded by investment
Technology Co. Ltd. China China
products
Development construction property management and
supporting service of industrial plants and supporting
Beijing Beijing facilities; information consulting of real estate; lease of
Beijing BOE Land Co. Ltd. 55420000.00 70.00% 0.00% Founded by investment
China China commercial facilities business services and the
supporting service facilities; motor vehicles public
parking service
Sales of communication equipment hardware &
software of computer and peripheral units electronic
products equipment maintenance; development
Beijing BOE Marketing Co. Beijing Beijing transfer consulting and service providing of
50000000.00 100.00% 0.00% Founded by investment
Ltd. China China technologies; import & export of goods and
technologies agency of import & export;
manufacturing consignment of electronic products and
LCD devices.Development spread transfer consultancy and service
providing of display technology; service providing of
computer software/hardware and network systems;
construction operation and management of e-commerce
Yunnan Chuangshijie platforms; providing service of conferences;
Kunming Kunming
Optoelectronics Technology 3040000000.00 undertaking of exhibitions; computer animation design; 78.32% 0.00% Founded by investment
China China
Co. Ltd. production R&D and sales of OLED micro display
devices and AR/VR complete machine; storage
services; project investment and management of such
projects; import and export of goods and technologies;
leasing of houses and machinery equipment
Mianyang BOE R&D production and sales of soft AMOLEDs that are Business combinations
Mianyang Mianyang
Optoelectronics Technology 26000000000.00 mainly applied in smartphones wearable devices 83.46% 0.00% involving entities not
China China
Co. Ltd. vehicle display systems and AR/VR. etc. under common control
Beijing BOE Sensor Beijing Beijing Formation of X-ray sensors microfluidic chips
5779482400.00 100.00% 0.00% Founded by investment
Technology Co. Ltd. China China biochemical chips gene chips security sensors
199BOE Technology Group Co. Ltd. Interim Report 2026
microwave antennas biosensors IoT technology and
other semiconductor sensors technology testing
technical consulting technical services technology
transfer
Investment building R&D production sales and
technological development transfer consultancy and Business combinations
Wuhan BOE Optoelectronics Wuhan Wuhan
21000000000.00 services of Thin Film Transistor Liquid Crystal Display 58.36% 0.00% involving entities not
Technology Co. Ltd. China China
(TFT-LCD) devices-related products and supporting under common control
products
R&D production and sales of semiconductor display Business combinations
Chongqing BOE Display Chongqing Chongqing
26000000000.00 device-related products and supporting products; import 38.46% 0.00% involving entities not
Technology Co. Ltd. China China
and export of goods and technologies under common control
R&D production and sales of semiconductor display
device-related products and related products; import or
export of goods or technology; display device and
component other electronic components and Business combinations
Fuzhou BOE Display Fuzhou Fuzhou
50000000.00 technology development technology transfer technical 43.46% 0.00% involving entities not
Technology Co. Ltd. China China
consulting related fields related to display devices and under common control
electronic products technical services; business
management consulting; property management; house
rental; machinery and equipment rental
Hefei BOE Xingyu Hefei Hefei
822290184.00 R&D and production of Mini LED products 65.00% 0.00% Founded by investment
Technology Co. Ltd. China China
Dongfang Chengqi (Beijing)
Beijing Beijing Intelligent administrative service solutions integrating
Business Technology Co. 10000000.00 100.00% 0.00% Founded by investment
China China property business travel procurement and consumption
Ltd.BOE Innovation Investment Beijing Beijing
6609500000.00 Project investment; investment management. 100.00% 0.00% Founded by investment
Co. Ltd. China China
Provision of hardware and software integrated system
BOE Smart Technology Co. Beijing Beijing solutions for the IoT market segment; smart city smart
6521250000.00 100.00% 0.00% Founded by investment
Ltd. China China transport smart finance smart parks and the display
terminal products such as the smart all-in-one machines
R&D manufacturing and sales of TFT-LCD panels
color filters and whole liquid crystal modules; provision
Business combinations
Nanjing BOE Display Nanjing Nanjing of products and business-related services as well as
17500000000.00 80.83% 0.00% involving entities not
Technology Co. Ltd. China China other business activities associated with the foregoing;
under common control
proprietary and agency import and export of various
goods and technologies (excluding goods and
200BOE Technology Group Co. Ltd. Interim Report 2026
technologies restricted by state or import & export
prohibited)
R&D production and sales of TFT-LCD panels and
modules Liquid Crystal Display (LCD) televisions Business combinations
Chengdu BOE Display Chengdu Chengdu
21550000000.00 instruments machinery equipment and accessories as 35.03% 0.00% involving entities not
Technology Co. Ltd. China China
well as provision of technical services; foreign trade in under common control
form of import and export of goods and technology
Technology development technology consultancy
technology transfer and technology services; basic
software services; application software services;
computer system services; Internet data services
(excluding data centers in Internet data services and
cloud computing data centre with PUE over 1.4);
BOE Jingxin Technology Beijing Beijing
2573500000.00 information processing and storage support services; 100.00% 0.00% Founded by investment
Co. Ltd. China China
general contracting professional contracting and
labour subcontracting; equipment installation
maintenance and leasing; literary and artistic creation;
computer animation design; product design; enterprise
management consulting; sales of computers software
and auxiliary equipment as well as electronic products
Technical services technology development
technology consulting technical exchange technology
Beijing BOE Solar Energy Beijing Beijing
600000000.00 transfer technology promotion; manufacture of 100.00% 0.00% Founded by investment
Technology Co. Ltd. China China
photovoltaic equipment and components; sales of
photovoltaic equipment and components
General items: Technological services development
consultancy exchanges transfer and promotion;
manufacturing of display devices; sales of display
devices; manufacturing of electronic components;
Chengdu BOE Display Chengdu Chengdu wholesale of electronic components; manufacturing of
38000000000.00 51.95% 0.00% Founded by investment
Technology Co. Ltd. China China other electronic devices; import and export of goods;
import and export of technologies; business
management consultancy; property management; rental
of non-residential real estate; leasing of machinery
equipment
Manufacturing of display devices; sales of display
Beijing BOE Chuangyuan Beijing Beijing
14500000000.00 devices; manufacturing of electronic components; 79.31% 0.00% Founded by investment
Technology Co. Ltd. China China
wholesale of electronic components; technological
201BOE Technology Group Co. Ltd. Interim Report 2026
services development consultancy exchanges transfer
and promotion; import and export of goods; import and
export of technologies; business management
consultancy; property management; leasing of
machinery equipment; manufacturing of other
electronic devices
General items: Manufacturing of display devices; sales
of display devices; manufacturing of electronic
components; technological services development
consultancy exchanges transfer and promotion;
leasing of machinery equipment; integration of
intelligent control systems; integration services of
information systems; manufacturing of industrial
control computers and systems; loT technological
Mianyang BOE Electronics Mianyang Mianyang
2400000000.00 services; data processing services; sales of electronic 100.00% 0.00% Founded by investment
Technology Co. Ltd. China China
products; sales of digital and cultural creative
equipment; sales of semiconductor lighting devices;
integration services of artificial intelligence application
systems; cloud computing equipment and technological
services; industrial Internet data services; Internet data
services; manufacturing of semiconductor lighting
devices; sales of new energy original equipment; import
and export of technologies
General items: Technological services development
consultancy exchanges transfer and promotion;
manufacturing of computer hardware and software and
peripherals; wholesale of computer hardware and
software and auxiliary equipment; retail of computer
hardware and software and auxiliary equipment;
manufacturing of electronic components; manufacturing
Beijing Shiyan Technology Beijing Beijing
261670667.00 of optoelectronic devices; manufacturing of display 63.90% 0.00% Founded by investment
Co. Ltd. China China
devices; manufacturing of mobile terminal equipment;
manufacturing of virtual reality (V) equipment; TV
manufacturing; manufacturing of IoT equipment; sales
of electronic products; sales of display devices; sales of
mobile terminal equipment; sales of communication
equipment; sales of IoT equipment; leasing of
computers and communication equipment;
202BOE Technology Group Co. Ltd. Interim Report 2026
manufacturing of integrated circuits; design of
integrated circuits; sales of integrated circuits;
manufacturing of chips and products of integrated
circuits; software sales; import and export of goods;
import and export of technologies; sales of Class I
medical devices; production of Class I medical devices;
leasing of Class I medical devices; sales of Class II
medical devices; leasing of Class II medical devices
Design manufacturing sales and leasing of
semiconductor materials and devices electronic
materials and devices semiconductor lighting
Business combinations
Wuhan Wuhan equipment sapphire crystal growth and sapphire deep
BOE HC Semitek Co. Ltd. 1622998797.00 22.92% 0.00% involving entities not
China China processing products; research and development
under common control
manufacturing and provision of technical services for
integrated circuits and sensors; import and export of
proprietary products and raw materials
General items: R&D of new materials technology;
Beijing BOE Material Beijing Beijing promotion services for new materials technology; sales
500000000.00 100.00% 0.00% Founded by investment
Technology Co. Ltd. China China of chemical products (excluding licensed chemical
products); sales of electronic specialty materials
Industrial design services; information system
Beijing BOE Zhiyu Beijing Beijing
200000000.00 integration services; manufacturing of intelligent basic 100.00% 0.00% Founded by investment
Technology Co. Ltd. China China
manufacturing equipment
Notes to holding proportion in subsidiary different from voting proportion:
The Company has obtained control over Hefei Display Technology Wuhan BOE Chongqing BOE Display Fuzhou BOE Display Chengdu Display Technology and HC Semitek by entering
into among other things acting-in-concert agreements with their respective shareholders.Basis for the control over the investees with half or less voting right and for not controlling the investees with over half voting right:
N/A
Basis for the control over the significant structured entities included in the scope of combination:
N/A
203BOE Technology Group Co. Ltd. Interim Report 2026
Basis for the determining the Company as the agent or the trustor:
N/A
Other notes:
N/A
(2) Significant Non-wholly-owned Subsidiary
As at 30 June 2026 the Group had five material non-wholly-owned subsidiaries. The aggregate amount of equity attributable to non-controlling interests of these subsidiaries was
RMB41522203353; for the six months ended 30 June 2026 the aggregate amount of profit attributable to non-controlling interests of these subsidiaries was RMB-85538196 and the aggregate
amount of dividends paid to non-controlling interests was RMB48917420.Notes that the shareholding percentage is different from the voting right percentage of non-controlling shareholders in subsidiaries:
N/A
Other notes:
N/A
(3) The Main Financial Information of Significant Not Wholly-owned Subsidiary
The table below sets out the aggregate amounts of key financial information of the above subsidiaries which are presented before inter-company eliminations within the Group but have been
adjusted for fair value adjustments at the acquisition date and for alignment with uniform accounting policies:
Unit: RMB
Item Current period Beginning of the period
Current assets 54050447393.00 51902634415.00
Non-current assets 92019921925.00 98799305507.00
Total assets 146070369318.00 150701939922.00
Liabilities 31775221998.00 31436137204.00
204BOE Technology Group Co. Ltd. Interim Report 2026
Non-current liabilities 28183763574.00 31819248223.00
Total liabilities 59958985572.00 63255385427.00
Item Reporting Period Same period of last year
Operating revenue 35653423393.00 37271672434.00
Net profit -1215843412.00 6407007.00
Total comprehensive income -1246304169.00 -59509126.00
Cash flows from operating activities 5977739807.00 10384881187.00
Other notes:
N/A
205BOE Technology Group Co. Ltd. Interim Report 2026
(4) Significant Limitation on the Use of Assets and Liquidation of Debts of the Company
N/A
(5) Financial Support or Other Support Provided for Structured Entities Included in the Scope of Consolidated Financial
Statements
N/A
Other notes:
N/A
2. Transactions That Cause Changes in the Group’s Interests in Subsidiaries That Do Not Result in Loss of
Control
(1) Explanations on Changes in Owner’s Equity of Subsidiary
Beijing Shiyan Technology Co. Ltd. received a capital contribution of RMB214000000 from non-controlling interests in 2026
reducing BOE‘s equity interest to 63.90%.Chengdu BOE Display Technology Co. Ltd. received a capital contribution of RMB1500000000 from its parent company and
received a capital contribution of RMB 1671537146 from non-controlling interests in 2026 reducing BOE’s equity interest to 51.95%.
(2) The Effects of the Transaction on Non-controlling Interests and Equity Attributable to Owners of the Company as the
Parent
Unit: RMB
Item Beijing Shiyan Technology Co. Ltd. Chengdu BOE Display Technology Co. Ltd.Purchase cost/disposal
0.001500000000.00
consideration
-Cash 0.00 1500000000.00
-Fair value of non-cash assets 0.00 0.00
Total of purchase
0.001500000000.00
cost/disposal consideration
Less: Subsidiary net assets
proportion calculated by share 134507408.00 1501633044.00
proportion obtained/disposal
Difference -134507408.00 -1633044.00
Of which: Adjustment of
-134507408.00-1633044.00
capital reserves
Surplus reserves
0.000.00
adjustments
Retained profits
0.000.00
adjustments
Other notes
N/A
206BOE Technology Group Co. Ltd. Interim Report 2026
3. Equity in Joint Ventures or Associated Enterprises
(1) Significant Joint Ventures or Associated Enterprises
Shareholding percentage Accounting
treatment
method for the
Main operating Registered
Name Business nature investment in
place place Direct Indirect joint ventures
or associated
enterprises
N/A
Explanations that the shareholding percentage is different from the voting right percentage in joint ventures or associated enterprises:
N/A
Basis of the voting rights below 20% but with major influence or without major influence but with over 20% (included) voting rights
held:
N/A
(2) Main Financial Information of Significant Joint Ventures
Unit: RMB
Beginning balance/Same period of last
Ending balance/Reporting Period
Item year
Current assets 0.00 0.00
Of which: Cash and cash equivalents 0.00 0.00
Non-current assets 0.00 0.00
Total assets 0.00 0.00
Current liabilities 0.00 0.00
Non-current liabilities 0.00 0.00
Total liabilities 0.00 0.00
Non-controlling interests 0.00 0.00
Equity attributable to shareholders of the
0.000.00
Company as the parent
Net assets shares calculated at the
0.000.00
shareholding proportion
Adjusted items 0.00 0.00
-- Goodwill 0.00 0.00
--Unrealized profit of intra-company
0.000.00
transaction
--Others 0.00 0.00
Carrying value of equity investment to
0.000.00
joint ventures
Fair values of equity investments of joint
0.000.00
ventures with quoted prices
207BOE Technology Group Co. Ltd. Interim Report 2026
Operating revenue 0.00 0.00
Financial expenses 0.00 0.00
Income tax expenses 0.00 0.00
Net profit 0.00 0.00
Net profit from discontinued operations 0.00 0.00
Other comprehensive income 0.00 0.00
Total comprehensive income 0.00 0.00
Dividends received from the joint
0.000.00
venture in the current period
Other notes
N/A
(3) Main Financial Information of Significant Associated Enterprises
Unit: RMB
Beginning balance/Same period of last
Ending balance/Reporting Period
Item year
Current assets 0.00 0.00
Non-current assets 0.00 0.00
Total assets 0.00 0.00
Current liabilities 0.00 0.00
Non-current liabilities 0.00 0.00
Total liabilities 0.00 0.00
Non-controlling interests 0.00 0.00
Equity attributable to shareholders of the
0.000.00
Company as the parent
Net assets shares calculated at the
0.000.00
shareholding proportion
Adjusted items 0.00 0.00
-- Goodwill 0.00 0.00
--Unrealized profit of intra-company
0.000.00
transaction
--Others 0.00 0.00
Carrying value of investment to
0.000.00
associated enterprises
Fair value of equity investments in
associated enterprises with publicly 0.00 0.00
quoted prices
Operating revenue 0.00 0.00
Net profit 0.00 0.00
Net profit from discontinued operations 0.00 0.00
Other comprehensive income 0.00 0.00
Total comprehensive income 0.00 0.00
208BOE Technology Group Co. Ltd. Interim Report 2026
Dividends received from the associates
0.000.00
in the current period
Other notes
N/A
(4) Summary Financial Information of Insignificant Joint Ventures or Associated Enterprises
Unit: RMB
Beginning balance/Same period of last
Item Ending balance/Reporting Period
year
Joint ventures:
Total carrying value of investment 365641729.00 369937041.00
The total of following items according to
the shareholding proportions
--Net profit -4295312.00 -23354356.00
--Other comprehensive income 0.00 0.00
--Total comprehensive income -4295312.00 -23354356.00
Associated enterprises:
Total carrying value of investment 19187003588.00 18266272524.00
The total of following items according to
the shareholding proportions
--Net profit 1572752203.00 -26794477.00
--Other comprehensive income 37719959.00 30967229.00
--Total comprehensive income 1610472162.00 4172752.00
Other notes
N/A
(5) Note to the Significant Restrictions on the Ability of Joint Ventures or Associated Enterprises to Transfer
Funds to the Company
N/A
(6) The Excess Loss of Joint Ventures or Associated Enterprises
Unit: RMB
Unrecognized losses (or share Cumulative unrecognized
Cumulative unrecognized
Name of net profit) for the current losses at the end of the current
losses of prior periods
period period
Hefei Xin Jing Yuan
9071432.00924993.009996425.00
Electronic Materials Co. Ltd.Beijing BOE Microbial
2985638.007290597.0010276235.00
Technology Co. Ltd.Beijing Electronic
Intelligence Technology Co. 0.00 2617209.00 2617209.00
Ltd.
209BOE Technology Group Co. Ltd. Interim Report 2026
Other notes
N/A
(7) The Unrecognized Commitment Related to Investment to Joint Ventures
N/A
(8) Contingent Liabilities Related to Investment to Joint Ventures or Associated Enterprises
N/A
4. Significant Common Operation
Main operating Proportion/Share portion
Name Registered place Business nature
place Direct Indirect
N/A
Notes to holding proportion or share portion in common operation different from voting proportion:
N/A
For common operation as a single entity basis of classifying as common operation:
N/A
Other notes
N/A
5. Equity in the Structured Entity Excluded in the Scope of Consolidated Financial Statements
Notes to the structured entity excluded in the scope of consolidated financial statements:
N/A
6. Others
N/A
XI. Risks Associated with Financial Instruments
1. Various Types of Risks Arising from Financial Instruments
1. Credit risk
Credit risk is the risk that one party to a financial instrument will cause a financial loss for the other party by failing to discharge an
obligation. The Group’s credit risk is primarily attributable to accounts receivables. Exposure to these credit risks is monitored by
management on an ongoing basis.
210BOE Technology Group Co. Ltd. Interim Report 2026
The cash at bank of the Group is mainly held with well-known financial institutions. Management does not foresee any significant
credit risks from these deposits and does not expect that these financial institutions may default and cause losses to the Group.In respect of receivables the Group has established a credit policy under which individual credit evaluations are performed on all
customers to determine the credit limit and terms applicable to the customers. These evaluations focus on the customers’ financial
position the external ratings of the customers and the record of previous transactions. Receivables are due within 7 to 180 days from
the date of billing. Debtors with balances that are past due are requested to settle all outstanding balances before any further credit is
granted. Normally the Group does not obtain collateral from customers.The Group’s credit risk is primarily influenced by the characteristics of individual customers; therefore the concentration of material
credit risk mainly arises from significant accounts receivable and contract assets due from particular customers. As at 30 June 2026
37% of the Group’s total accounts receivable and contract assets (38% as at 31 December 2025) were attributable to the top five
customers by aggregate amount. In addition the Group’s accounts receivable that are neither overdue nor impaired are mainly related
to numerous customers with no recent debt records.The hugest credit risk exposure borne by the Group is the book value of each financial asset reflected in the balance sheet. As of 30
June 2026 the Group did not provide any external guarantees that could expose the Group to credit risk.
2. Liquidity risk
Liquidity risk is the risk that an enterprise may due to shortage of funds face difficulty in fulfilling its obligation to settle payments
by delivering cash or other financial assets. The Company and its subsidiaries are responsible for their own cash management work
including short-term investments of cash surplus and raising loans to meet expected cash needs (if the borrowing amount exceeds
certain predetermined authorization limits approval from the Company’s Board of Directors is required). The Group’s policy is to
regularly monitor its liquidity requirements and its compliance with lending covenants to ensure that it maintains sufficient reserves
of cash readily realizable marketable securities and adequate committed lines of funding from major financial institutions to meet its
liquidity requirements in the short and longer term.
3. Interest rate risk
Interest-bearing financial instruments with fixed interest rates and floating interest rates may bring the fair value interest rate risk and
cash flow interest rate risk to the Group respectively. The Group determined relative proportion of fixed interest rate and floating
interest rate according to the market environment and maintained an appropriate portfolio of fixed interest rate and floating interest
rate through regular review and monitoring. The Group has not hedged interest rate risk with derivative financial instruments.On 30 June 2026 assuming all other variables remain constant 100 basis points increase/decrease in floating interest rate of financial
instrument interest rates resulted in a decrease/increase of RMB510838543 (31 December 2025: RMB537676118) in the Group’s
net profit and shareholders’ equity respectively.For floating rate non-derivative instruments held at the balance sheet date that expose the Group to cash flow interest rate risk the
impact on net profit and owner’s equity in the above sensitivity analysis is the impact of changes in the above interest rates on interest
expense or income estimated on an annualized basis. The previous year’s analysis was based on the same assumptions and methodology.
4. Foreign currency risk
In respect of cash at bank and on hand accounts receivable and payable short-term loans and other assets and liabilities denominated
in foreign currencies other than the functional currency the Group ensures that its net exposure is kept to an acceptable level by buying
or selling foreign currencies at spot rates when necessary to address short-term imbalances.(a) The foreign currency asset and liability projects of the Group with significant exchange rate risk exposure as of 30 June 2026 are
mainly denominated in USD. The total risk exposure of USD projects is a net asset exposure of USD3376265472 (31 December
2025 net asset exposure: USD3037027933) and the amount converted into RMB at the spot exchange rate on the balance sheet date
is RMB22995406503 (31 December 2025: RMB21346661935). The exchange difference on translating foreign operations is not
included.(b) Assuming all other risk variables except for exchange rates remain unchanged the 5% appreciation/depreciation of the RMB against
the USD due to the exchange rate fluctuations of the Group on 30 June 2026 will result in a decrease/increase of RMB1021568581
in both shareholder’s equity and net profit (31 December 2025: decrease/increase of RMB939351220).
211BOE Technology Group Co. Ltd. Interim Report 2026
The above sensitivity analysis assumes that there is a change in the exchange rate on the balance sheet date and re-measures the
financial instruments held by the Japanese group on the balance sheet date that face foreign exchange risk using the changed exchange
rate. The above analysis does not include discrepancy of foreign currency statement translation. The previous year’s analysis was based
on the same assumptions and methodology.
2. Hedge
(1) The Company Carries out Hedging Business for Risk Management
□Applicable □Not applicable
(2) The Company Conducts Eligible Hedging Operations and Applies Hedge Accounting
Unit: RMB
Cumulative fair value
hedge adjustment of
Hedge effectiveness Impact of hedge
Carrying value related the hedged item
and hedge accounting on the
Item to hedged items and included in the
ineffectiveness partial Company’s financial
hedging instruments recognized carrying
sources statements
value of the hedged
item
Types of hedge risk
N/A
Types of hedge
N/A
Other notes
N/A
(3) The Company Conducts Hedging Operations for Risk Management Expects to Achieve Its Risk Management Objectives
but Does Not Apply Hedge Accounting
□Applicable □Not applicable
3. Financial Assets
(1) Classification of Transfer Methods
□Applicable □Not applicable
(2) Financial Assets Derecognized due to Transfer
□Applicable □Not applicable
(3) Continued Involvement in the Transfer of Assets Financial Assets
□Applicable □Not applicable
Other notes
212BOE Technology Group Co. Ltd. Interim Report 2026
N/A
XII. The Disclosure of Fair Value
1. Ending Fair Value of Assets and Liabilities at Fair Value
Unit: RMB
Ending fair value
Item Level 1 Fair Level 2 Fair Level 3 Fair value
value value Total
measurement
measurement measurement
I. Consistent fair value measurement -- -- -- --
1. Trading financial assets 806081834.00 50224750.00 6250849811.00 7107156395.00
(1) Financial assets at fair value through profit
806081834.0050224750.006250849811.007107156395.00
or loss
1) Debt instruments investment 0.00 50224750.00 944411745.00 994636495.00
2) Equity instruments investment 806081834.00 0.00 5306438066.00 6112519900.00
3) Derivative financial assets 0.00 0.00 0.00 0.00
(2) Financial assets assigned measured by fair
value and the changes be included in the current 0.00 0.00 0.00 0.00
gains and losses
1) Debt instruments investment 0.00 0.00 0.00 0.00
2) Equity instruments investment 0.00 0.00 0.00 0.00
2. Investment in other debt obligations 0.00 0.00 0.00 0.00
3. Other equity instrument investment 248548064.00 0.00 180212036.00 428760100.00
4. Investment properties 0.00 0.00 0.00 0.00
(1) Land use right for rent 0.00 0.00 0.00 0.00
(2) Rental buildings 0.00 0.00 0.00 0.00
(3) Land use right held and prepared to transfer
0.000.000.000.00
after appreciation
5. Biological assets 0.00 0.00 0.00 0.00
(1) Consumable biological assets 0.00 0.00 0.00 0.00
(2) Productive living assets 0.00 0.00 0.00 0.00
Accounts receivable financing 0.00 0.00 734742220.00 734742220.00
Total assets measured at fair value on a
1054629898.050224750.007165804067.008270658715.00
recurring basis
0
6. Trading financial liabilities 0.00 0.00 0.00 0.00
Of which: Tradable bond issued 0.00 0.00 0.00 0.00
Derivative financial liabilities 0.00 0.00 0.00 0.00
Others 0.00 0.00 0.00 0.00
7. Refer as financial liabilities measured by fair
value and the changes included in the current 0.00 0.00 0.00 0.00
gains and losses
Total liabilities of consistent fair value
0.000.000.000.00
measurement
213BOE Technology Group Co. Ltd. Interim Report 2026
II. Inconsistent fair value measurement -- -- -- --
1. Assets held for sale 0.00 0.00 0.00 0.00
Total assets inconsistently measured at fair
0.000.000.000.00
value
Total liabilities inconsistently measured at fair
0.000.000.000.00
value
2. Basis of Determining the Market Price for Recurring and Non-recurring Fair Value Measurements
Categorized within Level 1
The unadjusted offer in active market obtaining same assets or liabilities on the calculation date.
3. Consistent and Inconsistent Fair Value Measurement Items at Level 2 Valuation Techniques Adopted the
Qualitative and Quantitative Information of Important Parameters
Observable input value of related assets or liabilities except Level 1 input value.
4. Consistent and Inconsistent Fair Value Measurement Items at Level 3 Valuation Techniques Adopted the
Qualitative and Quantitative Information of Important Parameters
The unobservable input value of related assets or liabilities.
5. Consistent Fair Value Measurement Items at Level 3 Adjustment between the Beginning Carrying Value
and the Ending Carrying Value and Sensitivity Analysis on Unobservable Parameters
N/A
6. Explain the Reason for Conversion and the Policy Governing when the Conversion Happens if Conversion
Happens among Consistent Fair Value Measurement Items at Different Level
N/A
7. Changes in Valuation Techniques in the Reporting Period and Reasons for the Changes
N/A
8. Fair Value of Financial Assets and Liabilities Not Measured at Fair Value
N/A
9. Others
N/A
214BOE Technology Group Co. Ltd. Interim Report 2026
XIII. Related Party and Related-party Transactions
1. Information on the Company as the Parent
Proportion of Proportion of
share held by voting rights
the Company owned by the
Company name Registered place Business nature Registered capital
as the parent Company as the
against the parent against the
Company (%) Company (%)
Operation and
Area A 6 Sanlitun
management of
Beijing Electronics West Sixth Street
state-owned assets RMB7007391319.00 0.74% 12.57%
Holding Co. Ltd. Chaoyang District
within
Beijing
authorization etc.Notes to the Company as the parent
N/A
The final controller of the Company is Beijing Electronics Holding Co. Ltd.Other notes:
N/A
2. Subsidiaries of the Company
Please refer to Note X-1 for details on the Company’s subsidiaries.
3. Information on the Joint Ventures and Associated Enterprises of the Company
For information of significant joint ventures or associated enterprises of the Company please refer to Note X-3.List of other joint ventures and associated enterprises that made connected transactions with the Company generating balance during
or before the Reporting Period:
Name Relationship with the Company
Cnoga Medical Ltd. and its subsidiaries An associated enterprise of the Group and its subsidiaries
Zhiwei (Beijing) Medical Technology Co. Ltd. An associated enterprise of the Group
Chongqing Maite Optoelectronics Co. Ltd. A joint venture of the Group
Ziyang Shuzhi Health Technology Co. Ltd. An associated enterprise of the Group
Dongfang Juzhi (Beijing) Technology Innovation Co. Ltd. An associated enterprise of the Group
Beijing Nissin Electronic Precision Components Co. Ltd. An associated enterprise of the Group and the Company
TPV Display Technology (China) Co. Ltd. An associated enterprise of the Group and the Company
Beijing Xindongneng Investment Management Co. Ltd. An associated enterprise of the Group and the Company
Hefei Xin Jing Yuan Electronic Materials Co. Ltd. An associated enterprise of the Group
Beijing Weifang Technology Co. Ltd. An associated enterprise of the Group
Shangying Oriental (Shanghai) Cultural Technology Co. Ltd. An associated enterprise of the Group
Anxian Technology (Suzhou) Co. Ltd. and its subsidiaries An associated enterprise of the Group and its subsidiaries
An associated enterprise of the Group and the Company and its
Ewin Technology Co. Ltd. and its subsidiaries
subsidiaries
Biochain (Beijing) Science-Technology In.c and its subsidiaries An associated enterprise of the Group and its subsidiaries
VusionGroup SA and its subsidiaries An associated enterprise of the Group and its subsidiaries
Xianyang Caihong Optoelectronics Technology Co. Ltd. An associated enterprise of the Group and the Company
215BOE Technology Group Co. Ltd. Interim Report 2026
Other notes
N/A
4. Information on Other Related Parties
Name of other related parties Relationship with the Company
A controlling shareholder of the Company and enterprises
Beijing Electronics Holding Co. Ltd. and its subsidiaries
controlled by the same ultimate holding company
Shanghai New Vision Microelectronics Co. Ltd. and its An associate enterprise of the enterprise controlled by the same
subsidiaries ultimate holding company
Beijing Jiaxun Zhihang Technology Co. Ltd. and its
Others
subsidiaries
Beijing Deheng Law Office Others
Other notes
N/A
5. Transactions with Related Parties
(1) Information on Acquisition and Sales of Goods Provision and Reception of Labor Service
Information on acquisition of goods and reception of labor service
Unit: RMB
Name of related Nature of The approval trade Whether exceed Same period of
Reporting Period
party transaction credit trade credit or not last year
Beijing Electronics
Holding Co. Ltd
Purchase of goods 227419838.00 850000000.00 No 201654443.00
and its auxiliary
enterprises
Beijing Electronics
Holding Co. Ltd Receiving of labor
12912643.00 42000000.00 No 11148335.00
and its auxiliary service
enterprises
Other related
Purchase of goods 765197109.00 775297109.00 No 542775364.00
parties
Other related Receiving of labor
2027192.00 4013045.00 No 1490081.00
parties service
Other related
Interest costs 0.00 0.00 No 3403347.00
parties
Information of sales of goods and provision of labor service
Unit: RMB
Name of related party Nature of transaction Reporting Period Same period of last year
Beijing Electronics Holding
Co. Ltd and its auxiliary Sales of goods 221605897.00 113819659.00
enterprises
Beijing Electronics Holding
Co. Ltd and its auxiliary Rendering of labor service 2842960.00 2842960.00
enterprises
Other related parties Sales of goods 1225402713.00 997532009.00
Other related parties Rendering of labor service 6512899.00 865508.00
216BOE Technology Group Co. Ltd. Interim Report 2026
Other related parties Interest income 0.00 9786799.00
Notes to acquisition and sales of goods provision and reception of labor service
N/A
(2) Connected Trusteeship/Contract and Entrust/Contractee
Lists of connected trusteeship/contract of the Company:
Unit: RMB
Income
Name of the Name of the
recognized in
entruster/contra entrustee/contra Type Start date Due date Pricing basis
this Current
ctee ctor
Period
N/A
Notes to trusteeship/contract:
N/A
Lists of entrust/contractee of the Company:
Unit: RMB
Entrusted
management
Name of the Name of the fees and
entruster/contra entrustee/contra Type Start date Due date Pricing basis outsourcing
ctee ctor fees recognized
in this Current
Period
N/A
Notes to entrust/contractee
N/A
(3) Information on Connected Lease
The Company was lessor:
Unit: RMB
The lease income confirmed The lease income confirmed
Name of lessee Type of assets leased
in the Reporting Period in the same period of last year
Beijing Electronics Holding
Co. Ltd and its auxiliary Investment properties 2093909.00 1689855.00
enterprises
Other related parties Investment properties 1576096.00 1563762.00
The Company served as the lessee:
Unit: RMB
Variable lease
Type of Rental expenses of short-term Interest expense of
Name of payments not included Increased right-
assets lease simplified treated and Paid rent lease liabilities
lessor in the measurement of of-use assets
leased low-value asset lease (if undertaken
lease liabilities (if
217BOE Technology Group Co. Ltd. Interim Report 2026
applicable) applicable)
Same Same
Same Same Reporti
Reporting Same period of Reporting Reporting period Reporting period
period of period of ng
Period last year Period Period of last Period of last
last year last year Period
year year
Beijing
Electronics
Holding Co. Fixed 5240364. 725272.
967961.041272323.00399605.000.0023751.000.000.000.00
Ltd and its assets 37 00
auxiliary
enterprises
Other related Fixed
0.000.000.000.000.000.000.000.000.000.00
parties assets
Notes to connected lease:
N/A
(4) Connected Guarantee
The Company was guarantor:
Unit: RMB
Whether completely
Secured party Amount Start date Due date
performed
N/A
The Company was secured party
Unit: RMB
Whether completely
Guarantee Amount Start date Due date
performed
N/A
Notes to connected guarantee
N/A
(5) Interbank Borrowing and Lending of Capital by Connected Party
Unit: RMB
Name of related party Amount Inception date Maturity date Note
Borrowing
N/A
Lending
N/A
(6) Information on Assets Transfer and Debt Restructuring by Related Party
Unit: RMB
Name of related party Content of transaction Reporting Period Same period of last year
N/A
218BOE Technology Group Co. Ltd. Interim Report 2026
(7) Information on Remuneration for Key Management Personnel
Unit: RMB
Item Reporting Period Same period of last year
Remuneration for key management
10378900.0011788946.00
personnel
(8) Other Connected Transactions
N/A
6. Receivables from and Payables to Related Parties
(1) Accounts Receivable
Unit: RMB
Ending balance Beginning balance
Item Name of related party Carrying Provision for Provision for
Carrying amount
amount impairment impairment
Beijing Electronics
Accounts
Holding Co. Ltd and its 124706155.00 126202.00 96847085.00 70277.00
receivable
auxiliary enterprises
Beijing Electronics
Contract assets Holding Co. Ltd and its 9086960.00 54795.00 206063.00 0.00
auxiliary enterprises
Beijing Electronics
Other
Holding Co. Ltd and its 964558.00 0.00 697956.00 0.00
receivables
auxiliary enterprises
Beijing Electronics
Prepayments Holding Co. Ltd and its 655676.00 0.00 819644.00 0.00
auxiliary enterprises
Beijing Electronics
Other non-
Holding Co. Ltd and its 3270665.00 0.00 29058980.00 0.00
current assets
auxiliary enterprises
Accounts
Other related parties 677823510.00 5318121.00 556493193.00 5273072.00
receivable
Contract assets Other related parties 150140.00 0.00 150141.00 0.00
Other
Other related parties 98725.00 0.00 173800913.00 0.00
receivables
Prepayments Other related parties 5717863.00 0.00 5914613.00 0.00
Other non-
Other related parties 208946.00 0.00 208946.00 0.00
current assets
(2) Accounts Payable
Unit: RMB
Item Name of related party Ending carrying balance Beginning carrying balance
Beijing Electronics Holding
Accounts payable Co. Ltd and its auxiliary 100837596.00 88714216.00
enterprises
Beijing Electronics Holding
Other payables 335419205.00 402615098.00
Co. Ltd and its auxiliary
219BOE Technology Group Co. Ltd. Interim Report 2026
enterprises
Beijing Electronics Holding
Advance payments received Co. Ltd and its auxiliary 0.00 0.00
enterprises
Beijing Electronics Holding
Contract liabilities Co. Ltd and its auxiliary 11167159.00 11260060.00
enterprises
Accounts payable Other related parties 238548060.00 144339510.00
Other payables Other related parties 115553028.00 81780512.00
Advance payments received Other related parties 80657.00 204018.00
Contract liabilities Other related parties 9713541.00 6154683.00
7. Commitments of the Related Parties
As at the balance sheet date the commitments of the related parties which are signed but not listed in balance sheet are for the
procurement of equipment. The amount in the current period was RMB83570242.00 as compared with RMB341768947.00 in the
previous period.
8. Others
N/A
XIV. Share-based Payment
1. Overview of Share-based Payments
□Applicable □ Not applicable
Unit: share
Option exercise in the Unlocked in the current Lapsed in the current
Type of Awarded in the current period current period period period
grantees
Quantity Amount Quantity Amount Quantity Amount Quantity Amount
Senior
managers
appointed
15100000.000.000.000.000.000.000.000.00
by the
Board of
Directors
Scientists
and core
51000000.000.000.000.000.000.000.000.00
managemen
t personnel
Senior
technical
experts and
115582500.000.000.000.000.000.000.000.00
senior
managemen
t personnel
Technical
experts and
mid-to-seni 300900000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
or
managemen
220BOE Technology Group Co. Ltd. Interim Report 2026
t personnel
Senior
professional
technical
core staff 492429000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
and senior
technical
core staff
Total 975011500.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Share options or other equity instruments outstanding at the end of the period
□Applicable □ Not applicable
Other equity instruments outstanding at the end of
Share options outstanding at the end of the period
the period
Type of grantees
Range of exercise Remaining contractual Range of exercise Remaining contractual
prices life prices life
From the grant date: 24
Equity incentive
RMB5.479/share 0.06 years RMB2.11/share months 36 months and
grantees
48 months.
Other notes
Pursuant to the approval of the Company‘s general meeting held on 17 November 2020 the Company implemented a share option and
restricted share incentive plan from 2020. The shares underlying the plan were the Company’s RMB-denominated A ordinary shares
repurchased by the Company from the secondary market. Among them the first tranche of the share option and restricted share
incentive plan had fully satisfied the exercise conditions by 2024 and prior periods and the remaining 5446518 shares under the
second tranche of the share option incentive plan were exercised in a concentrated manner on 23 July 2026.Pursuant to the approval of the Company‘s general meeting held on 24 April 2026 the Company implemented a restricted share
incentive plan from 2026. The shares underlying the plan were the Company’s RMB-denominated A ordinary shares repurchased by
the Company from the secondary market.On 29 May 2026 the Company held the 15th Meeting of the 11th Board of Directors at which the Proposal on the Initial Grant of
Restricted Shares to Grantees under the 2026 Restricted Share Incentive Plan was considered and approved.The grant plan is as follows:
The grant date is 29 May 2026 the actual number of grantees is 3265 the number of shares granted is 975011500 and the grant price
is RMB2.11 per share. The grant was implemented and completed on 9 June 2026.The restricted shares will be released from lock-up in three tranches at 24 36 and 48 months from the grant date with the release ratios
of 34% 33% and 33% respectively. The actual number of shares released is subject to the performance evaluation results of the
preceding year.The above restricted shares are subject to the performance conditions of the Company being met. The release ratio for the current
period is determined based on the operating performance of the grantee‘s employing entity and the grantee’s individual contribution.If the vesting conditions under the plan are not met the grantee is not entitled to release the restricted shares for the current period and
such shares will be repurchased by the Company at the lower of the grant price and the market price.
2. Equity-settled Share-based Payments
□Applicable □ Not applicable
Unit: RMB
Methods for determining the fair value of equity instruments on
Closing price of restricted shares on the grant date
the grant date
221BOE Technology Group Co. Ltd. Interim Report 2026
Important parameters for the fair value of equity instruments at
N/A
the grant date
Basis of determining the number of equity instruments Estimated number of shares expected to become vested in
expected to vest future periods
Reasons for the significant discrepancy between the current
N/A
period estimates and the previous estimates
Accumulated amount of equity-settled share-based payment
74501412.00
included in capital reserves
The total amount of the expense of equity-settled share-based
80804801.00
payment recognized in the current period
Other notes
N/A
3. Cash-settled Share-based Payments
□Applicable □Not applicable
4. Share-Based Payment Expenses for the Period
□Applicable □Not applicable
5. Modification and Termination of Share-based Payments
N/A
6. Others
N/A
XV. Commitments and Contingency
1. Significant Commitments
Significant commitments on the balance sheet date
Item 30 June 2026 31 December 2025
Investment contracts entered into but not performed or
17502603573.0013708563799.00
partially performed
Investment contracts authorized but not entered into 63276502492.00 69745879437.00
Total 80779106065.00 83454443236.00
2. Contingency
(1) Significant Contingency on Balance Sheet Date
N/A
222BOE Technology Group Co. Ltd. Interim Report 2026
(2) Explanation Shall Be Given Even if there Is no Significant Contingency for the Company to Disclose
There was no significant contingency in the Company to disclose.
3. Others
N/A
XVI. Other Significant Events
1. The Accounting Errors Correction in Previous Period
(1) Retrospective Restatement
Unit: RMB
Name of the influenced report
Content Processing program items during comparison Accumulative impact
period
N/A
(2) Prospective Application
Reason for adopting prospective
Content Approval program
application
N/A
2. Debt Restructuring
N/A
3. Assets Replacement
(1) Non-monetary Assets Exchange
N/A
(2) Other Assets Replacement
N/A
4. Pension Plans
In order to ensure and improve the living standards of retirees in BOE Technology Group Co. Ltd. and put in place a multi-layer old-
age security system and a long-term talent retaining mechanism as per China’s relevant policies and regulations BOE Technology
Group Co. Ltd. has established the annuity programme since January 2014. The annuity fund consists of the contributions by the
Company (paid as per the government’s regulations according to the applicable taxation policy) the contributions by employees
223BOE Technology Group Co. Ltd. Interim Report 2026
(deducted by the Company from their salaries according to the applicable taxation policy) and the returns on investment by the fund
(operated by the relevant government department according to the investment principle of high security and moderate income).
5. Discontinued Operations
Unit: RMB
Profit from
discontinued
operations
Profit before Income tax
Item Income Costs Net profit attributable to
taxation expenses
owners of the
Company as the
parent
N/A
Other notes
N/A
6. Segment Information
(1) Recognition Basis and Accounting Policies of Reportable Segment
(a) Display devices business—The display devices business offers integrated design and manufacturing services for devices and is
committed to providing interface devices applying TFT-LCD AMOLED and other technologies focusing on providing customers
with high-quality display devices for smartphones TPC laptops monitors TVs vehicle-mounted etc.(b) Internet of Things (IoT) innovation business—Design integrated manufacturing models for system solutions provide customers
with highly competitive smart terminal products in fields such as tablets laptops displays televisions low-power consumption IoT
3D displays etc. and create innovative IoT products and services that integrate software and hardware by integrating AI and big data
functions.(c) Sensor business—Design integrated manufacturing models for system solutions focusing on FPXD smart windows industrial
sensing MEMS and glass based sealing loading plate businesses. We provide customers with products and services including X-ray
flat panel detector backboards intelligent dimming windows and dimming system solutions consumer electronics and industrial
application solutions advanced packaging carriers and more.(d) MLED business— integrated model for research development manufacturing sales and integration of LED display solutions
focusing on devices and solutions providing high-quality and highly reliable LED backlight products for TV display laptop car and
other fields; besides it provides Mini/Micro-LED display products with high brightness strong reliability and high contrast for use in
outdoor display commercial display transparent display special display and other scenarios.(e) The Smart Engineering Medicine business—The smart medicine and engineering business is a professional service model
providing services and solutions in healthcare intelligent rehabilitation and medical-engineering integration products. Leveraging
hospitals and elderly care facilities as platforms for extracting health IoT capabilities we standardize streamline and productize
professional competencies. Through medical engineering technology we build a unified data platform and a service integration
platform establishing a tiered diagnosis treatment and care system that extends professional and continuous services to households
creating high-frequency application scenarios.(f) Others—Other services except for the above business provide hardware and software integrated system solutions for different
industries including smart energy industrial IoT ultra high definition displays and other fields which can provide customers with
multifunctional and smart new experience under IoT scenarios.
224BOE Technology Group Co. Ltd. Interim Report 2026
The main reason to separate the segments is that the Group independently manages the display devices business IoT innovation
business sensor business MLED business the Smart Engineering Medicine business and other business. As these business segments
manufacture and/or sell different products apply different manufacturing processes and specify in gross profit the business segments
are managed independently. The management of the Group evaluates the performance and allocates resources according to the profit
of each business segment and does not take financing cost and investment income into account.
225BOE Technology Group Co. Ltd. Interim Report 2026
(2) The Financial Information of Reportable Segment
Unit: RMB
Smart medicine
IoT innovation Other business and offset
Item Display devices Sensor business MLED business and engineering Total
business among segments
business
Operating revenue 81755437509.00 19000029296.00 420796061.00 6405513503.00 957120156.00 -5406513666.00 103132382859.00
Operating costs 71334915353.00 16715631569.00 344165234.00 6010661923.00 977450159.00 -7752921759.00 87629902479.00
(3) If there Was no Reportable Segment or the Total Amount of Assets and Liabilities of Each Reportable Segment Could not Be Reported Relevant Reasons
Shall Be Clearly Stated
N/A
(4) Other Notes
N/A
7. Other Significant Transactions and Events with Influence on Investors’ Decision-making
N/A
8. Others
N/A
226BOE Technology Group Co. Ltd. Interim Report 2026
XVII. Notes of Main Items in the Financial Statements of the Company as the Parent
1. Accounts Receivable
(1) Disclosure by Aging
Unit: RMB
Aging Ending carrying balance Beginning carrying balance
Within one year (including one year) 1473820269.00 1757974878.00
One to two years 4204505.00 102626142.00
Two to three years 927175.00 1028594.00
Over three years 340281718.00 340611524.00
Three to four years 682760.00 594866.00
Four to five years 1297642.00 33838203.00
Over five years 338301316.00 306178455.00
Total 1819233667.00 2202241138.00
(2) Disclosure by Withdrawal Methods for Bad Debts
Unit: RMB
Ending balance Beginning balance
Carrying amount Provision for impairment Carrying amount Provision for impairment
Category
Withdrawal Carrying value Withdrawal Carrying value
Amount Proportion Amount Amount Proportion Amount
proportion proportion
Accounts
receivable
for which
bad debt 1818783407.00 99.98% 3248761.00 0.18% 1815534646.00 2202033424.00 99.99% 3248761.00 0.15% 2198784663.00
provision
accrued
separately
227BOE Technology Group Co. Ltd. Interim Report 2026
Of
which:
Customers
with a high 3248761.00 0.18% 3248761.00 100.00% 0.00 3248761.00 0.15% 3248761.00 100.00% 0.00
credit risk
Customers
with a low 1815534646.00 99.80% 0.00 0.00% 1815534646.00 2198784663.00 99.84% 0.00 0.00% 2198784663.00
credit risk
Accounts
receivable
withdrawal
of bad debt 450260.00 0.02% 3900.00 0.87% 446360.00 207714.00 0.01% 0.00 0.00% 207714.00
provision
by
portfolio
Of
which:
Customers
with a
450260.000.02%3900.000.87%446360.00207714.000.01%0.000.00%207714.00
moderate
credit risk
Total 1819233667.00 100.00% 3252661.00 0.18% 1815981006.00 2202241138.00 100.00% 3248761.00 0.15% 2198992377.00
228BOE Technology Group Co. Ltd. Interim Report 2026
Category name of bad debt provision accrued separately: Customers with high credit risks and customers with low credit risks
Unit: RMB
Beginning balance Ending balance
Name Provision for Provision for Withdrawal Reason for
Carrying amount Carrying amount
impairment impairment proportion withdrawal
Customers with a
3248761.00 3248761.00 3248761.00 3248761.00 100.00% N/A
high credit risk
Customers with a
2198784663.00 0.00 1815534646.00 0.00 0.00% N/A
low credit risk
Total 2202033424.00 3248761.00 1818783407.00 3248761.00
Category name of withdrawal of bad debt provision by portfolio: Customers with moderate credit risk
Unit: RMB
Ending balance
Name
Carrying amount Provision for impairment Withdrawal proportion
Customers with a moderate credit risk 450260.00 3900.00 0.87%
Total 450260.00 3900.00
Notes for the basis of determining such portfolio:
Customer grouping Grouping basis
There are special circumstances such as litigation or deterioration of customer
Customers with a high credit risk
credit standing
Customers with a low credit risk Banks insurance companies large central enterprises and public institutions
Customers with a moderate credit risk Customers not classified as the above grouping
If adopting the general mode of expected credit loss to withdraw bad debt provision of accounts receivable:
□Applicable □Not applicable
(3) Bad Debt Provision Withdrawn Reversed or Recovered in the Reporting Period
Information of bad debt provision withdrawn:
Unit: RMB
Changes in the Reporting Period
Beginning
Category
balance Reversal or
Ending balance
Withdrawal Write-off Others
recovery
Customers with a high credit risk 3248761.00 0.00 0.00 0.00 0.00 3248761.00
Customers with a low credit risk 0.00 0.00 0.00 0.00 0.00 0.00
Customers with a moderate credit
0.003900.000.000.000.003900.00
risk
Total 3248761.00 3900.00 0.00 0.00 0.00 3252661.00
Of which bad debt provision reversed or recovered with significant amount:
Unit: RMB
Basis and rationality of
determining the
Amount reversed or
Subsidiary Reason for reversal Way of recovery original withdrawal
recovered
proportion of bad debt
provision
N/A
229BOE Technology Group Co. Ltd. Interim Report 2026
N/A
(4) Accounts Receivable with Actual Verification during the Reporting Period
Unit: RMB
Item Amount verified
Accounts receivable with actual verification 0.00
Of which the verification of significant accounts receivable:
Unit: RMB
Verification Whether generated
Reason for
Subsidiary Nature Amount verified procedures from connected
verification
performed transactions
N/A
Notes to verification of accounts receivable:
N/A
(5) Top Five Accounts Receivable and Contract Assets in Ending Balance Collected according to the Arrears
Party
Unit: RMB
Ending balance of
Proportion to total bad debt provision
Ending balance of
Ending balance of ending balance of of accounts
Ending balance of accounts
Subsidiary accounts accounts receivable and
contract assets receivable and
receivable receivable and impairment
contract assets
contract assets provision for
contract assets
Customer 1 420657657.77 0.00 420657657.77 23.12% 0.00
Customer 2 316415134.66 0.00 316415134.66 17.39% 0.00
Customer 3 280798867.09 0.00 280798867.09 15.44% 0.00
Customer 4 236477202.02 0.00 236477202.02 13.00% 0.00
Customer 5 142805988.13 0.00 142805988.13 7.85% 0.00
Total 1397154849.67 0.00 1397154849.67 76.80% 0.00
2. Other Receivables
Unit: RMB
Item Ending balance Beginning balance
Interest receivable 0.00 0.00
Dividends receivable 183813782.00 457514291.00
Other receivables 18122379382.00 21793810012.00
Total 18306193164.00 22251324303.00
230BOE Technology Group Co. Ltd. Interim Report 2026
(1) Interest Receivable
1) Category of Interest Receivable
Unit: RMB
Item Ending balance Beginning balance
Fixed time deposit 0.00 0.00
Entrusted loans 0.00 0.00
Bond investment 0.00 0.00
Total 0.00 0.00
2) Significant Overdue Interest
Unit: RMB
Whether occurred
Borrower Ending balance Overdue time Reason impairment and its
judgment basis
N/A
Other notes:
N/A
3) Disclosure by Withdrawal Methods for Bad Debts
□Applicable □Not applicable
4) Bad Debt Provision Withdrawal Reversed or Recovered in the Current Period
Unit: RMB
Changes in the Reporting Period
Beginning
Category
balance Reversal or Charged-
Ending balance
Withdrawal Other changes
recovery off/Written-off
N/A
Of which bad debt provision reversed or recovered with significant amount:
Unit: RMB
Basis and rationality of
determining the
Amount reversed or
Subsidiary Reason for reversal Way of recovery original withdrawal
recovered
proportion of bad debt
provision
N/A
Other notes:
N/A
5) Interest Receivable with Actual Verification during the Reporting Period
Unit: RMB
231BOE Technology Group Co. Ltd. Interim Report 2026
Item Amount verified
Interest receivable with actual verification 0.00
Of which the verification of significant interest receivable:
Unit: RMB
Verification Whether generated
Reason for
Subsidiary Nature Amount verified procedures from connected
verification
performed transactions
N/A
Notes to verification:
N/A
Other notes:
N/A
(2) Dividends Receivable
1) Category of Dividends Receivable
Unit: RMB
Item (or investee) Ending balance Beginning balance
Chongqing BOE Optoelectronics
0.00100000000.00
Technology Co. Ltd.Beijing BOE Matsushita Color CRT Co.
182655888.00182655888.00
Ltd.Beijing BOE Vacuum Electrical Co. Ltd. 1157894.00 1157894.00
Others 0.00 173700509.00
Total 183813782.00 457514291.00
2) Significant Dividend Receivable Aging Over One Year
Unit: RMB
Whether occurred
Item (or investee) Ending balance Aging Unrecovered reason impairment and its
judgment basis
N/A
3) Disclosure by Withdrawal Methods for Bad Debts
□Applicable □Not applicable
4) Bad Debt Provision Withdrawal Reversed or Recovered in the Current Period
Unit: RMB
Changes in the Reporting Period
Beginning
Category Ending balance
balance Reversal or Charged-Withdrawal Other changes
recovery off/Written-off
232BOE Technology Group Co. Ltd. Interim Report 2026
N/A
Of which bad debt provision reversed or recovered with significant amount:
Unit: RMB
Basis and rationality of
determining the
Amount reversed or
Subsidiary Reason for reversal Way of recovery original withdrawal
recovered
proportion of bad debt
provision
N/A
Other notes:
N/A
5) Dividends Receivable with Actual Verification during the Reporting Period
Unit: RMB
Item Amount verified
Dividend receivable with actual verification 0.00
Of which the verification of significant dividends receivable:
Unit: RMB
Verification Whether generated
Reason for
Subsidiary Nature Amount verified procedures from connected
verification
performed transactions
N/A
Notes to verification:
N/A
Other notes:
N/A
(3) Other Accounts Receivable
1) Other Account Receivable Classified by Account Nature
Unit: RMB
Nature Ending carrying balance Beginning carrying balance
Transaction amount 17843345477.00 21548637554.00
Others 282992445.00 249130998.00
Total 18126337922.00 21797768552.00
2) Disclosure by Aging
Unit: RMB
Ageing Ending carrying balance Beginning carrying balance
Within one year (including one year) 2022273719.00 4273657247.00
233BOE Technology Group Co. Ltd. Interim Report 2026
One to two years 5066745321.00 6491909842.00
Two to three years 10814920834.00 10831614742.00
Over three years 222398048.00 200586721.00
Three to four years 62645922.00 62474888.00
Four to five years 55227816.00 67816530.00
Over five years 104524310.00 70295303.00
Total 18126337922.00 21797768552.00
234BOE Technology Group Co. Ltd. Interim Report 2026
3) Disclosure by Withdrawal Methods for Bad Debts
Unit: RMB
Ending balance Beginning balance
Carrying amount Provision for impairment Carrying amount Provision for impairment
Category
Withdrawal Carrying value Withdrawal Carrying value
Amount Proportion Amount Amount Proportion Amount
proportion proportion
Bad debt provision
18126337922.00100.00%3958540.000.02%18122379382.0021797768552.00100.00%3958540.000.02%21793810012.00
separately accrued
Of which:
Funds with high
3958540.000.02%3958540.00100.00%0.003958540.000.02%3958540.00100.00%0.00
credit risk
Funds with low
18122379382.0099.98%0.000.00%18122379382.0021793810012.0099.98%0.000.00%21793810012.00
credit risk
Withdrawal of bad
debt provision by 0.00 0.00% 0.00 0.00% 0.00 0.00 0.00% 0.00 0.00% 0.00
group
Of which:
Funds with
moderate credit 0.00 0.00% 0.00 0.00% 0.00 0.00 0.00% 0.00 0.00% 0.00
risk
Total 18126337922.00 100.00% 3958540.00 0.02% 18122379382.00 21797768552.00 100.00% 3958540.00 0.02% 21793810012.00
Category name of bad debt provision accrued separately: Funds with high credit risk
Unit: RMB
Beginning balance Ending balance
Name Provision for Withdrawal Reason for
Carrying amount Provision for impairment Carrying amount
impairment proportion withdrawal
Funds with high credit risk 3958540.00 3958540.00 3958540.00 3958540.00 100.00% N/A
Funds with low credit risk 21793810012.00 0.00 18122379382.00 0.00 0.00% N/A
Total 21797768552.00 3958540.00 18126337922.00 3958540.00
235BOE Technology Group Co. Ltd. Interim Report 2026
Category name of withdrawal of bad debt provision by portfolio: Funds with moderate credit risk
Unit: RMB
Ending balance
Name
Carrying amount Provision for impairment Withdrawal proportion
Funds with moderate credit
0.000.000.00%
risk
Total 0.00 0.00
Notes for the basis of determining such portfolio:
Customer grouping Grouping basis
There are special circumstances such as litigation or
Funds with high credit risk
deterioration of customer credit standing
Intra-group units imprest security deposits deposits and funds
Funds with low credit risk
with low credit risk to customers
Funds with moderate credit risk Funds not classified as the above grouping
Withdrawal of bad debt provision by adopting the general mode of expected credit loss:
Unit: RMB
Phase I Phase II Phase III
Expected credit losses for Expected credit losses
Provision for impairment Expected credit the whole existence for the whole Total
loss in the next 12
period (no credit existence period (with
months
impairment) credit impairment)
Balance of 1 January 2026 0.00 0.00 3958540.00 3958540.00
Balance of 1 January 2026 in the
Current Period
- Transfer to Phase II 0.00 0.00 0.00 0.00
- Transfer to Phase III 0.00 0.00 0.00 0.00
- Reverse to Phase II 0.00 0.00 0.00 0.00
- Reverse to Phase I 0.00 0.00 0.00 0.00
Withdrawal of the current period 0.00 0.00 0.00 0.00
Reversal of the current period 0.00 0.00 0.00 0.00
Amount charged-off for the current
0.000.000.000.00
period
Amount written-off for the current
0.000.000.000.00
period
Other changes 0.00 0.00 0.00 0.00
Balance of 30 June 2026 0.00 0.00 3958540.00 3958540.00
The basis for the division of each phase and the withdrawal proportion of bad debt provision
Item Phase I
Phase characteristics Credit risk has not increased significantly since initial recognition
Loss provisions Expected credit loss in the next 12 months
Changes of carrying amount with significant amount changed of loss provision in the current period
□Applicable □Not applicable
236BOE Technology Group Co. Ltd. Interim Report 2026
4) Bad Debt Provision Withdrawn Reversed or Recovered in the Reporting Period
Information of bad debt provision withdrawn:
Unit: RMB
Changes in the Reporting Period
Beginning
Category
balance Reversal or Charged-
Ending balance
Withdrawal Others
recovery off/Written-off
Funds with
3958540.000.000.000.000.003958540.00
high credit risk
Total 3958540.00 0.00 0.00 0.00 0.00 3958540.00
Of which the bad debt provision reversed or recovered with significant amount during the Reporting Period:
Unit: RMB
Basis and rationality of
determining the
Amount reversed or
Subsidiary Reason for reversal Way of recovery original withdrawal
recovered
proportion of bad debt
provision
N/A
N/A
5) Other Accounts Receivable with Actual Verification during the Reporting Period
Unit: RMB
Item Amount verified
N/A
Of which the verification of significant other accounts receivable:
Unit: RMB
Verification Whether generated
Reason for
Subsidiary Nature Amount verified procedures from connected
verification
performed transactions
N/A
Notes to the verification of other accounts receivable:
N/A
6) Top Five Other Accounts Receivable in Ending Balance Collected According to the Arrears Party
Unit: RMB
Proportion to total
ending balance of Ending balance of
Subsidiary Nature Ending balance Aging
other receivables bad debt provision
(%)
Within one year
Transaction
Customer 1 4837697304.00 (including one 26.69% 0.00
amount
year) one to two
237BOE Technology Group Co. Ltd. Interim Report 2026
years (including
two years) two to
three years
(including three
years) over three
years
Within one year
(including one
Transaction year) one to two
Customer 2 3777856706.00 20.84% 0.00
amount years (including
two years) over
three years
Within one year
(including one
Transaction
Customer 3 2553608786.00 year) two to three 14.09% 0.00
amount
years (including
three years)
Within one year
(including one
Transaction year) two to three
Customer 4 2181867205.00 12.04% 0.00
amount years (including
three years) over
three years
Within one year
(including one
year) one to two
Transaction years (including
Customer 5 1601090324.00 8.83% 0.00
amount two years) two to
three years
(including three
years)
Total 14952120325.00 82.49% 0.00
7) Presentation in Other Receivables Due to the Centralized Management of Fund
Unit: RMB
Amounts presented in other receivables due to the centralized
0.00
management of funds
Explanation N/A
Other notes:
N/A
238BOE Technology Group Co. Ltd. Interim Report 2026
3. Long-term Equity Investment
Unit: RMB
Ending balance Beginning balance
Item Impairment
Carrying amount Impairment provision Carrying value Carrying amount Carrying value
provision
Investment to subsidiaries 218465660036.00 0.00 218465660036.00 215951719233.00 0.00 215951719233.00
Investment to joint ventures and
7361369329.000.007361369329.007167349953.000.007167349953.00
associated enterprises
Total 225827029365.00 0.00 225827029365.00 223119069186.00 0.00 223119069186.00
(1) Investment to Subsidiaries
Unit: RMB
Beginning Increase/decrease Ending
Beginning balance balance of Withdrawal of Ending balance balance of Investee
(carrying value) impairment Additional Reduced impairment Others (carrying value) impairment
provision investment investment provision provision
Chengdu BOE
Optoelectronics 25144474113.00 0.00 0.00 0.00 0.00 6691796.00 25151165909.00 0.00
Technology Co. Ltd.Hefei BOE
Optoelectronics 2779559286.00 0.00 0.00 0.00 0.00 2724376.00 2782283662.00 0.00
Technology Co. Ltd.Beijing BOE Display
Technology Co. Ltd.
9049988707.000.000.000.000.0014267647.009064256354.000.00
(Beijing BOE
Display)
Hefei Xinsheng
Optoelectronics 10431081033.00 0.00 0.00 0.00 0.00 4172008.00 10435253041.00 0.00
Technology Co. Ltd.Ordos Yuansheng
Optoelectronics Co. 11817053346.00 0.00 0.00 0.00 0.00 988208.00 11818041554.00 0.00
Ltd.
239BOE Technology Group Co. Ltd. Interim Report 2026
Chongqing BOE
Optoelectronics 4228434261.00 0.00 0.00 0.00 0.00 1905312.00 4230339573.00 0.00
Technology Co. Ltd.Hefei BOE Display
Technology Co. Ltd. 8984024522.00 0.00 0.00 0.00 0.00 2594346.00 8986618868.00 0.00
(Hefei BOE Display)
Fuzhou BOE
Optoelectronics 15690111529.00 0.00 0.00 0.00 0.00 1498600.00 15691610129.00 0.00
Technology Co. Ltd.Mianyang BOE
Optoelectronics 22349756325.00 0.00 0.00 0.00 0.00 1404124.00 22351160449.00 0.00
Technology Co. Ltd.Chongqing BOE
Display Technology 10019640296.00 0.00 0.00 0.00 0.00 1838845.00 10021479141.00 0.00
Co. Ltd.Fuzhou BOE Display
23060520.000.000.000.000.000.0023060520.000.00
Technology Co. Ltd.Chengdu BOE
Display Technology 11499440579.00 0.00 1500000000.00 0.00 0.00 1412329.00 13000852908.00 0.00
Co. Ltd.Wuhan BOE
Optoelectronics 12533302733.00 0.00 0.00 0.00 0.00 1280929.00 12534583662.00 0.00
Technology Co. Ltd.Nanjing BOE Display
5604224400.000.000.000.000.001390820.005605615220.000.00
Technology Co. Ltd.Chengdu BOE
Display Technology 7562497717.00 0.00 0.00 0.00 0.00 1025255.00 7563522972.00 0.00
Co. Ltd.Beijing BOE
Chuangyuan 11502219766.00 0.00 0.00 0.00 0.00 1880824.00 11504100590.00 0.00
Technology Co. Ltd.Yunnan Chuangshijie
Optoelectronics 1522544765.00 0.00 0.00 0.00 0.00 626995.00 1523171760.00 0.00
Technology Co. Ltd.Hefei BOE Zhuoyin
882671793.000.000.000.000.0094561.00882766354.000.00
Technology Co. Ltd.Mianyang BOE
1580000000.000.0070000000.000.000.0052046.001650052046.000.00
Electronics
240BOE Technology Group Co. Ltd. Interim Report 2026
Technology Co. Ltd.BOE (Hebei)
MOBILE Display 1356796294.00 0.00 0.00 0.00 0.00 0.00 1356796294.00 0.00
Technology Co. Ltd.BOE Hyundai LCD
(Beijing) Display 42614481.00 0.00 0.00 0.00 0.00 0.00 42614481.00 0.00
Technology Co. Ltd.Beijing BOE Vision
Electronic 5407858263.00 0.00 60000000.00 0.00 0.00 0.00 5467858263.00 0.00
Technology Co. Ltd.BOE Optical Science
and Technology Co. 670678871.00 0.00 0.00 0.00 0.00 62074.00 670740945.00 0.00
Ltd.Hefei BOE Xingyu
507153667.000.000.000.000.0024863.00507178530.000.00
Technology Co. Ltd.BOE Jingxin
2057995709.000.00203000000.000.000.001018582.002262014291.000.00
Technology Co. Ltd.BOE HC Semitek
2083597236.000.000.000.000.000.002083597236.000.00
Corporation
Beijing BOE Sensor
4794876623.000.0094000000.000.000.001321325.004890197948.000.00
Technology Co. Ltd.Beijing Shiyan
168899524.000.000.000.000.000.00168899524.000.00
Technology Co. Ltd.BOE Smart
3008654400.000.0074290000.000.000.000.003082944400.000.00
Technology Co. Ltd.BOE Health
Investment
11166833696.000.00287000000.000.000.00639389.0011454473085.000.00
Management Co.Ltd.BOE Energy
858892813.000.000.000.000.000.00858892813.000.00
Technology Co. Ltd.BOE Innovation
5809808507.000.000.000.000.00435929.005810244436.000.00
Investment Co. Ltd.Beijing BOE
Matsushita Color 6797248.00 0.00 0.00 0.00 0.00 190947.00 6988195.00 0.00
CRT Co. Ltd.Beijing Yinghe
360683984.000.000.000.000.00985021.00361669005.000.00
Century Co. Ltd.
241BOE Technology Group Co. Ltd. Interim Report 2026
Beijing BOE Land
10236970.000.000.000.000.0086606.0010323576.000.00
Co. Ltd.Beijing BOE Vacuum
20211313.000.000.000.000.0019683.0020230996.000.00
Electrical Co. Ltd
Beijing BOE
32139650.000.000.000.000.0043924.0032183574.000.00
Marketing Co. Ltd.BOE (KOREA) Co.
9638256.000.000.000.000.0037460.009675716.000.00
Ltd.BOE Optoelectronics
3487684762.000.000.000.000.000.003487684762.000.00
Holdings Co. Ltd
Beijing BOE Solar
Energy Technology 251274084.00 0.00 40000000.00 0.00 0.00 196705.00 291470789.00 0.00
Co. Ltd.Beijing
Zhongxiangying 102547815.00 0.00 0.00 0.00 0.00 0.00 102547815.00 0.00
Technology Co. Ltd.Beijing BOE Life
10000000.000.000.000.000.000.0010000000.000.00
Technology Co. Ltd.Beijing BOE
Technology
13156190.000.000.000.000.0041355.0013197545.000.00
Development Co.Ltd.Beijing BOE Material
175000000.000.00120000000.000.000.000.00295000000.000.00
Technology Co. Ltd.Dongfang Chengqi
(Beijing) Business 16614833.00 0.00 0.00 0.00 0.00 560407.00 17175240.00 0.00
Technology Co. Ltd.Beijing BOE Zhiyu
0.000.0010000000.000.000.0021962.0010021962.000.00
Technology Co. Ltd.Others* 316988353.00 0.00 0.00 -9450000.00 0.00 13565550.00 321103903.00 0.00
Total 215951719233.00 0.00 2458290000.00 -9450000.00 0.00 65100803.00 218465660036.00 0.00
(2) Investment to Joint Ventures and Associated Enterprises
Unit: RMB
Investee Beginning Beginning Increase/decrease Ending balance Ending
242BOE Technology Group Co. Ltd. Interim Report 2026
balance (carrying balance of Withdra (carrying value) balance of
value) impairme Profit and loss Additio Reduc Adjustment of wal of impairme
nt on investments Declared nal ed other Other equity impairm nt
provision confirmed distribution of cash Others investm invest comprehensive movements ent provision
according to dividends or profits
ent ment income provisio
equity law
n
I. Joint Ventures
N/A
II. Associated Enterprises
Beijing
Xindongneng
Investment 719487058.00 0.00 0.00 0.00 128686368.00 -20224948.00 0.00 -86944585.00 0.00 0.00 741003893.00 0.00
Fund (Limited
Partnership)
Ordos BOE
Energy
135228959.000.000.000.00-168046.000.000.000.000.000.00135060913.000.00
Investment
Co. Ltd.Others 6312633936.00 0.00 0.00 0.00 203956683.00 57940883.00 -69737512.00 -19489467.00 0.00 0.00 6485304523.00 0.00
Sub-total 7167349953.00 0.00 0.00 0.00 332475005.00 37715935.00 -69737512.00 -106434052.00 0.00 0.00 7361369329.00 0.00
Total 7167349953.00 0.00 0.00 0.00 332475005.00 37715935.00 -69737512.00 -106434052.00 0.00 0.00 7361369329.00 0.00
The recoverable amount is determined based on the net amount of the fair value minus disposal costs
□Applicable □Not applicable
The recoverable amount is determined by the present value of the expected future cash flow
□Applicable □Not applicable
The reason for the discrepancy between the foregoing information and the information used in the impairment tests in prior years or external information
N/A
The reason for the discrepancy between the information used in the Company’s impairment tests in prior years and the actual situation of those years
N/A
243BOE Technology Group Co. Ltd. Interim Report 2026
(3) Other Notes
N/A
4. Operating Revenue and Cost of Sales
Unit: RMB
Reporting Period Same period of last year
Item
Income Cost Income Cost
Principal activities 1991441232.00 16125896.00 2175880981.00 5188387.00
Other operating
26596908.004481492.0033424378.0062729.00
activities
Total 2018038140.00 20607388.00 2209305359.00 5251116.00
Breakdown information of operating revenue and cost of sales:
Unit: RMB
Operating revenue by region Reporting Period Same period of last year
Mainland China 2014495867.00 2207945325.00
Other regions 3542273.00 1360034.00
Total 2018038140.00 2209305359.00
Information related to performance obligations:
Funds Type of quality
Nature of goods
Timing of Whether or not undertaken by assurance
that the
fulfillment of Important the person the Company provided by the
Item Company is
performance payment terms primarily expected to be Company and
committed to
obligations responsible returned to related
transfer
customers obligations
N/A
Other notes
N/A
Information related to transaction value assigned to residual performance obligations:
The amount of revenue corresponding to performance obligations of contracts signed but not performed or not fully performed yet was
RMB0.00 at the end of the Reporting Period among which RMB0.00 was expected to be recognized in zero year RMB0.00 in zero
year and RMB0.00 in zero year.Significant contract changes or significant transaction price adjustments
Unit: RMB
Item Accounting treatment Amount of impact on revenue
N/A
Other notes:
N/A
244BOE Technology Group Co. Ltd. Interim Report 2026
5. Investment Income
Unit: RMB
Item Reporting Period Same period of last year
Income from long-term equity investments accounted for using cost
365526000.0030952934.00
method
Income from long-term equity investments accounted for using
332475006.00-32402599.00
equity method
Investment income from disposal of long-term equity investments 38764724.00 0.00
Investment income arising from holding of trading financial assets 3478147.00 0.00
Investment income from disposal of financial assets held for trading 0.00 0.00
Dividend income received from holding of other equity instrument
0.000.00
investment
Gain from re-measurement of remaining equity interests to fair
0.000.00
value upon the loss of control
Interest income of investment in debt obligations during holding
0.000.00
period
Interest income of investment in other debt obligations during
0.000.00
holding period
Investment income from disposal of investment in other debt
0.000.00
obligations
Total 740243877.00 -1449665.00
6. Others
N/A
XVIII. Supplementary Materials
1. Items and Amounts of Non-recurring Profit or Loss
□Applicable □ Not applicable
Unit: RMB
Item Amount Note
Gains/losses on the disposal of non-current assets 7086367.00 N/A
Government grants recognized in the current period (except for government grants
closely related to the Company’s normal operating business in compliance with
800926509.00 N/A
national policies and in accordance with defined criteria and having a continuous
impact on the Company’s profit or loss)
Gains or losses arising from changes in fair value of financial assets and financial
liabilities held by non-financial enterprises and gains or losses arising from the disposal
2449584950.00 N/A
of financial assets and financial liabilities other than effective hedging business related
to the Company’s normal operating business
Capital occupation charges on non-financial enterprises that are recorded into current
0.00 N/A
profit or loss
Gain or loss on assets entrusted to other entities for investment or management 0.00 N/A
Gain or loss on loan entrustments 0.00 N/A
245BOE Technology Group Co. Ltd. Interim Report 2026
Asset losses due to acts of God such as natural disasters 0.00 N/A
Reversed portions of impairment allowances for accounts receivable which are tested
2969424.00 N/A
individually for impairment
Gain 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 fair 0.00 N/A
value of identifiable net assets of investees when making investments
Net profit or loss for the period from the beginning of the period to the date of
consolidation of a subsidiary arising from a business combination under common 0.00 N/A
control
Gain or loss on non-monetary asset swaps 0.00 N/A
Gain or loss on debt restructuring 0.00 N/A
One-time costs incurred by the enterprise due to the fact that the relevant business
0.00 N/A
activities are no longer continuing such as expenses for staff arrangements
One-time effect on current profit or loss due to adjustments in taxation accounting and
0.00 N/A
other laws and regulations
One-time share-based payment expense recognized for cancellation and modification of
0.00 N/A
equity incentive plans
For cash-settled share-based payments gain or loss arising from changes in the fair
0.00 N/A
value of employee compensation payable after the date of exercise of options
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 transaction at obviously unfair trade prices 0.00 N/A
Gain or loss on contingencies that do not arise in the Company’s ordinary course of
0.00 N/A
business
Custodian fees earned from entrusted operation 0.00 N/A
Other non-operating income and expenses besides items above 6157916.00 N/A
Other items qualified as extraordinary gain and loss 0.00 N/A
Less: Income tax effects 651525399.00 N/A
Non-controlling interests effects (after tax) 375791546.00 N/A
Total 2239408221.00 --
Others that meet the definition of non-recurring gain/loss:
□Applicable □Not applicable
No such cases in the Reporting Period.Explain the reasons if the Company classifies any extraordinary gain/loss item mentioned in the Explanatory Announcement No. 1 on
Information Disclosure for Companies Offering Their Securities to the Public—Non-recurring Gains and Losses as a recurrent gain/loss
item
□Applicable □Not applicable
2. Return on Equity and Earnings Per Share
Weighted EPS (Yuan/share)
Profit as of Reporting Period average return Basic earnings per Diluted earnings per
on net assets share (RMB/share) share (RMB/share)
Net profit attributable to the Company’s ordinary equity
3.82%0.140.14
shareholders
Net profit excluding extraordinary gain and loss attributable
2.18%0.080.08
to the Company’s ordinary equity shareholders
246BOE Technology Group Co. Ltd. Interim Report 2026
3. Accounting Data Differences under PRC GAAP and Those under IFRSs
(1) Differences of Net Profit and Net Assets Disclosed in Financial Reports Prepared under International and
Chinese Accounting Standards
□Applicable □Not applicable
(2) Differences of Net profit and Net Assets Disclosed in Financial Reports Prepared under Overseas and
Chinese Accounting Standards
□Applicable □Not applicable
(3) Explain Reasons for the Differences between Accounting Data Under Domestic and Overseas Accounting
Standards; for Any Adjustment Made to the Difference Existing in the Data Audited by the Foreign Auditing
Agent Such Foreign Auditing Agent's Name Shall Be Clearly Stated.
4. Others
N/A
247
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