THIRD QUARTERLY REPORT 2026
October 2026BOE Technology Group Co. Ltd. Third Quarterly Report 2026
Stock Code: 000725 Stock Name: BOE-A Announcement No. 2026-087
Stock Code: 200725 Stock Name: BOE-B Announcement No. 2026-087
BOE TECHNOLOGY GROUP CO. LTD.THIRD QUARTERLY REPORT 2026
BOE Technology Group Co. Ltd. (hereinafter referred to as the “Company”) and all the
members of the Company’s Board of Directors hereby guarantee that the contents of this
Report are true accurate and complete and free of any misrepresentations misleading
statements or material omissions.Important Notes:
The Board of Directors (or the “Board”) as well as the directors and senior management of BOE Technology Group
Co. Ltd. (hereinafter referred to as the “Company”) hereby guarantee the factuality accuracy and completeness of
the contents of this Report and shall be jointly and severally liable for any misrepresentations misleading
statements or material omissions therein.All the Company’s directors have attended the Board meeting for the review of this Report.Mr. Chen Yanshun the Company’s legal representative Mr. Feng Qiang Chairman of the Executive Committee
Ms. Yang Xiaoping Chief Financial Officer and Ms. Xu Yaxiao head of the financial department (equivalent to
financial manager) hereby guarantee that the Financial Statements carried in this Report are factual accurate and
complete.This Report has been prepared in both Chinese and English. Should there be any discrepancies or misunderstandings
between the two versions the Chinese version shall prevail.The financial statements in this Report have not been audited by an independent auditor.BOE Technology Group Co. Ltd. Third Quarterly Report 2026
I Key Financial Information
(I) Key Accounting Data and Financial Indicators
Indicate by tick mark whether there is any retrospectively restated datum in the table below.□Yes □ No
YoY change
Item Q3 2026 YoY change (%) Q1-Q3 2026
(%)
Operating revenue (RMB) 48676524908.00 -8.62% 151808907767.00 -1.77%
Net profit attributable to the listed company’s
-996347420.00 -173.55% 4251312657.00 -7.61%
shareholders (RMB)
Net profit attributable to the listed company’s
32059775.00 -96.43% 3040311631.00 -4.37%
shareholders before exceptional items (RMB)
Net cash generated from/used in operating
— — 32211637855.00 -12.41%
activities (RMB)
Basic earnings per share (RMB/share) -0.03 -175.00% 0.11 -8.33%
Diluted earnings per share (RMB/share) -0.03 -175.00% 0.11 -8.33%
Weighted average return on equity (%) -0.74% -171.15% 3.14% -9.25%
Item 30 September 2026 31 December 2025 Change (%)
Total assets (RMB) 425610492521.00 436378322803.00 -2.47%
Equity attributable to the listed company’s
131590483855.00 134478628806.00 -2.15%
shareholders (RMB)
(II) Exceptional Gains and Losses
□ Applicable □ Not applicable
Unit: RMB
Item Q3 2026 Q1-Q3 2026 Note
Gain or loss on disposal of non-current assets (inclusive of impairment
-291675.00 6794692.00 N/A
allowance write-offs)
Government grants recognized in profit or loss (exclusive of those that
are closely related to the Company's normal business operations and
given in accordance with defined criteria and in compliance with 64582829.00 865509338.00 N/A
government policies and have a continuing impact on the Company's
profit or loss)
Gain or loss on fair-value changes in financial assets and liabilities held
by a non-financial enterprise as well as on disposal of financial assets
-1440137206.00 1009447744.00 N/A
and liabilities (exclusive of the effective portion of hedges that is
related to the Company's normal business operations)
Capital occupation charges on non-financial enterprises that are
0.00 0.00 N/A
charged to current gains and losses
Gains and losses on investment or asset management entrustments to
0.00 0.00 N/A
other entities
Gains and losses on loan entrustment 0.00 0.00 N/A
Allowance for asset impairments due to acts of God such as natural
0.00 0.00 N/A
disasters
Reversed portion of impairment allowance for accounts receivable
1025661.00 3995085.00 N/A
which are tested individually for impairment
Income equal to the amount by which investment costs for the
Company to obtain subsidiaries associates and joint ventures are lower 0.00 0.00 N/A
than the Company’s enjoyable fair value of identifiable net assets of
BOE Technology Group Co. Ltd. Third Quarterly Report 2026
investees when making investments
Current gains and losses on subsidiaries acquired through business
0.00 0.00 N/A
mergers under same control from period-beginning to merger dates net
Gains and losses on non-monetary asset swap 0.00 0.00 N/A
Gains and losses on debt restructuring 0.00 0.00 N/A
One-off costs incurred by the Company as a result of discontinued
0.00 0.00 N/A
operations such as expenses for employee arrangements
One-time effect on profit or loss due to adjustments in tax accounting
0.00 0.00 N/A
and other laws and regulations
One-time share-based payments recognized due to cancellation and
0.00 0.00 N/A
modification of equity incentive plans
Gain or loss on changes in the fair value of employee benefits payable
0.00 0.00 N/A
after the vesting date for cash-settled share-based payments
Gain or loss on fair-value changes in investment property of which
0.00 0.00 N/A
subsequent measurement is carried out using the fair value method
Income from transactions with distinctly unfair prices 0.00 0.00 N/A
Gain or loss on contingencies that are unrelated to the Company's
0.00 0.00 N/A
normal business operations
Income from charges on entrusted management 0.00 0.00 N/A
Non-operating income and expense other than the above 13324427.00 19482343.00 N/A
Other gains and losses that meet the definition of exceptional gain/loss 0.00 0.00 N/A
Less: Income tax effects -341280429.00 310244970.00 N/A
Non-controlling interests effects (net of tax) 8191660.00 383983206.00 N/A
Total -1028407195.00 1211001026.00 --
Other items that meet the definition of exceptional gain/loss:
□ Applicable □ Not applicable
No such cases in the Reporting Period.Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item listed in the Explanatory Announcement No.
1 on Information Disclosure for Companies Offering Their Securities to the Public—Exceptional Gain/Loss Items:
□ Applicable □ Not applicable
No such cases in the Reporting Period.(III) Changes in Key Financial Statement Line Items and Explanation of why
□ Applicable □ Not applicable
Changes in key line items of the income statement and explanation of why:
1. Finance costs rose 99% during Q1-Q3 2026 compared to Q1-Q3 2025 primarily driven by the increase in net exchange losses during
the Reporting Period.
2. Return on investment rose 82% during Q1-Q3 2026 compared to Q1-Q3 2025 primarily driven by the increase in return on
investment recognized from associates during the Reporting Period.
3. Gain on changes in fair value rose 455% during Q1-Q3 2026 compared to Q1-Q3 2025 primarily driven by the increase in fair value
changes of financial assets held by the Company during the Reporting Period.Changes in key line items of the cash flow statement and explanation of why:
1. Net cash generated from financing activities declined 45% during Q1-Q3 2026 compared to Q1-Q3 2025 primarily driven by the
increase in cash used in other financing activities during the Reporting Period.BOE Technology Group Co. Ltd. Third Quarterly Report 2026
2. Net increase in cash and cash equivalents declined 62% during Q1-Q3 2026 compared to Q1-Q3 2025 primarily driven by the
increase in cash used in other financing activities during the Reporting Period.(IV) Analysis of Operations
Since the third quarter of 2026 the storage shortage and price hikes have continued to disrupt the consumer electronics industry. These
cost pressures have been passed on to end consumers triggering a sharp year-on-year and quarter-on-quarter decline in sales volumes
for certain products amid higher selling prices. Shipments of small-to-medium-sized display products have come under notable pressure.In addition affected by capital market volatility investment-related gains have also weighed on the quarterly results. The detailed
analysis is set out below:
1. Display Business
For LCDs data from consulting firms show that global shipments of small-to-medium-sized IT display products such as notebook
computers (NB) and tablet PCs (TPC) declined by more than double digits year-on-year in the third quarter while shipments of NB
display products fell by approximately 20% quarter-on-quarter. Global shipments of large-to-medium-sized display products including
televisions (TV) and desktop monitors (MNT) posted modest drops year-on-year. Against the industry-wide backdrop of production-
to-order arrangements LCD prices remained relatively stable lending some support to the relevant businesses. Overall the profitability
contribution from the Company’s small-to-medium-sized LCD segment declined to a certain extent in the third quarter whereas that
from the large-to-medium-sized LCD segment stayed relatively steady. Going forward the Company will continue to implement
production-to-order arrangements seize opportunities for large-size migration and high-end upgrading and accelerate the rollout of
signature technology upgrades including RGBX UB Cell Super Oxide and natural-light display to boost product value.For flexible AMOLEDs data from consulting firms indicate that amid a sharp drop in demand shipments by domestic AMOLED
manufacturers fell by more than 20% year-on-year and around 10% quarter-on-quarter in the third quarter. Coupled with continuous
declines in product prices the Company’s related business faced substantial operating pressure which exerted a material adverse
impact on the Company’s overall performance. Going forward the Company will continue to deepen technical cooperation and
customized development with brand customers raise the shipment proportion of high-end products such as foldable panels and LTPO
panels to optimize its product mix and proactively navigate industry headwinds.
2. Investment-related Gains
In recent years the Company has consistently focused on coordinated development across the industrial chain and strengthened
cooperation with industrial chain partners through various means including equity investments. Affected by volatility in the capital
market in the third quarter investment-related gains within the Company’s exceptional items posted a substantial loss. Going forward
the Company will adhere to its industrial investment philosophy strengthen risk control and respond to market fluctuations.II Shareholder Information
(I) Numbers of Ordinary Shareholders and Preference Shareholders with Resumed Voting Rights as well as
Holdings of Top 10 Shareholders
Unit: share
Number of ordinary shareholders at the period-
1802354 (including 1774594 A-shareholders and 27760 B-shareholders)
end
Top 10 shareholders (exclusive of shares lent in refinancing)
Shareho Shares in pledge marked or
Nature of lding Total shares Restricted frozen
Name of shareholder
shareholder percenta held shares
Status Shares
ge
Beijing State-owned Capital Operation and State-owned
10.97% 4063333333 0 N/A 0
Management Company Limited legal person
BOE Technology Group Co. Ltd. Third Quarterly Report 2026
Overseas legal
Hong Kong Securities Clearing Company Ltd. 5.30% 1963227742 0 N/A 0
person
State-owned
Beijing Electronics Holdings Co. Ltd. 3.08% 1140827763 0 N/A 0
legal person
Beijing Jing Guorui SOE Reform and
Other 1.94% 718132854 0 N/A 0
Development Fund (L.P.)
Domestic
non-state-
Fuqing Huirong Venture Capital Co. Ltd. 1.45% 538599640 0 In pledge 217000000
owned legal
person
China Life Insurance Company Limited –
Traditional – General Insurance Product – 005L Other 0.64% 238111109 0 N/A 0
– CT001 (Shanghai)
Overseas
Xu Lili 0.47% 174551900 0 N/A 0
natural person
National Social Security Fund – Portfolio 111 Other 0.42% 155098200 0 N/A 0
Industrial and Commercial Bank of China Co.Ltd.- Huatai-Pinebridge CSI 300 Exchange- Other 0.41% 152644747 0 N/A 0
Traded Fund
Domestic
Cai Min 0.41% 150058006 0 N/A 0
natural person
Top 10 unrestricted shareholders (exclusive of shares lent in refinancing and locked shares of executives)
Shares by class
Name of shareholder Unrestricted shares held
Class Shares
Beijing State-owned Capital Operation and RMB ordinary
4063333333 4063333333
Management Company Limited share
RMB ordinary
Hong Kong Securities Clearing Company Ltd. 1963227742 1963227742
share
RMB ordinary
Beijing Electronics Holdings Co. Ltd. 1140827763 1140827763
share
Beijing Jing Guorui SOE Reform and RMB ordinary
718132854 718132854
Development Fund (L.P.) share
RMB ordinary
Fuqing Huirong Venture Capital Co. Ltd. 538599640 538599640
share
China Life Insurance Company Limited –
RMB ordinary
Traditional – General Insurance Product – 005L 238111109 238111109
share
– CT001 (Shanghai)
RMB ordinary
Xu Lili 174551900 174551900
share
RMB ordinary
National Social Security Fund – Portfolio 111 155098200 155098200
share
Industrial and Commercial Bank of China Co.RMB ordinary
Ltd.- Huatai-Pinebridge CSI 300 Exchange- 152644747 152644747
share
Traded Fund
RMB ordinary
Cai Min 150058006 150058006
share
1. Beijing State-owned Capital Operation and Management Company Limited holds 100%
equity interest in Beijing Electronics Holdings Co. Ltd.
2. 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
Related or acting-in-concert parties among the
pursuant to the Share Management Agreement. Beijing Electronics Holdings Co. Ltd.shareholders above
obtained the shareholder rights attached to such shares excluding the right 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.BOE Technology Group Co. Ltd. Third Quarterly Report 2026
3. 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.
4. 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.
5. 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 Xu Lili holds 174551900 Company shares through a client account at
CITIC Securities Company Limited of collateral securities for margin trading and
Top 10 shareholders involved in securities shareholder Cai Min holds 150000006 Company shares through a client account at Ping
margin trading (if any) An Securities Co. Ltd. of collateral securities for margin trading.
2. 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
(II) Number of Preference Shareholders and Shareholdings of Top 10 of Them
□ Applicable □ Not applicable
III Other Significant Events
□ Applicable □ Not applicable
1. 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.: 2026-084) on 8 October 2026. As at 30 September 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 94392600 shares representing approximately 0.2597% of the Company ’ s total A-shares and
approximately 0.2548% 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 RMB549930660.18 (excluding transaction fees). The total
number of B-shares repurchased amounted to 88686743 shares representing approximately 12.7996% of the Company’s total B-
shares and approximately 0.2394% 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 HKD410718906.27 (excluding transaction fees). This
share repurchase complies with relevant laws and regulations as well as the approved share repurchase plan of the Company.
2. 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
BOE Technology Group Co. Ltd. Third Quarterly Report 2026
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 disclosed the Announcement on the Resolutions of the First Extraordinary
Meeting of Shareholders in 2026 (Announcement No. 2026-083) on 18 September 2026 at which the Proposal on Electing
Non?independent Directors of the 11th Board of Directors of the Company was reviewed and approved. Mr. Shi Xiaodong and Ms.Sun Jing were elected as non-independent directors of the Company’s 11th Board of Directors.
3. 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. Beijing Electronics Holdings Co. Ltd. (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. During the period from 29 July 2026 to 13 October 2026 BEHC has
cumulatively purchased 186120000 shares of the Company through centralized bidding via the trading system of the Shenzhen Stock
Exchange accounting for 0.50% of the Company’s current total share capital with a total investment of RMB999777764.30
(excluding transaction fees). The aforesaid share purchase complies with the approved share increase plan and the share increase plan
has been completed.
4. The Company disclosed the Reminder Announcement on Changes in the Shareholding Structure of the Controlling Shareholder
(Announcement No. 2026-070) on 8 August 2026. Beijing Electronics Holdings Co. Ltd. carried out a merger by absorption of its
wholly-owned subsidiary Beijing BOE Investment & Development Co. Ltd. A total of 822092180 shares of the Company held by
Beijing BOE Investment & Development Co. Ltd. (representing 2.22% of the Company’s total share capital) have been transferred to
Beijing Electronics Holdings Co. Ltd. and Beijing BOE Investment & Development Co. Ltd. no longer holds any shares in the
Company.
5. The Company disclosed the Reminder Announcement on the Free Transfer of Shareholder’s Equity (Announcement No. 2026-086)
on 17 October 2026. On 16 October 2026 the Company received notice from its controlling shareholder and actual controller Beijing
Electronics Holdings Co. Ltd. (BEHC) stating that BEHC had received the Notice of the Beijing Municipal State-owned Assets
Supervision and Administration Commission (SASAC) on the Optimization and Adjustment of Equity of BOE Technology Group Co.Ltd. SASAC resolved to optimize and adjust the Company’s equity by way of free transfer of 4063333333 A-shares of the Company
held by Beijing State-owned Capital Operation and Management Company Limited (BSCO) to BEHC. Following this free share
transfer BSCO will no longer hold any shares in the Company. BEHC remains the Company’s controlling shareholder and actual
controller and will directly hold 5345281096 shares of the Company representing 14.43% of the Company’s total share capital. Its
voting interest in the Company will increase to 16.37%.IV Quarterly Financial Statements
(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by BOE Technology Group Co. Ltd.
30 September 2026
Unit: RMB
Item 30 September 2026 1 January 2026
Current assets:
Monetary assets 63383175796.00 72222940175.00
Settlement reserve 0.00 0.00
Loans to other banks and financial institutions 0.00 0.00
Held-for-trading financial assets 4954038793.00 1670548730.00
BOE Technology Group Co. Ltd. Third Quarterly Report 2026
Derivative financial assets 0.00 0.00
Notes receivable 505874640.00 514647075.00
Accounts receivable 33151684691.00 32293002623.00
Receivables financing 975404308.00 585672349.00
Prepayments 1049643219.00 810701464.00
Premiums receivable 0.00 0.00
Reinsurance receivables 0.00 0.00
Receivable reinsurance contract reserve 0.00 0.00
Other receivables 629904828.00 822793900.00
Including: Interest receivable 0.00 0.00
Dividends receivable 10449359.00 177912109.00
Financial assets purchased under resale agreements 0.00 0.00
Inventories 29491482359.00 27748526136.00
Including: Data resource 0.00 0.00
Contract assets 522617231.00 393081902.00
Assets held for sale 0.00 0.00
Current portion of non-current assets 0.00 4081560.00
Other current assets 4773243885.00 4809821866.00
Total current assets 139437069750.00 141875817780.00
Non-current assets:
Loans and advances to customers 0.00 0.00
Debt investments 0.00 0.00
Other debt investments 0.00 0.00
Long-term receivables 0.00 0.00
Long-term equity investments 18735272066.00 18636209565.00
Investments in other equity instruments 434370043.00 536217192.00
Other non-current financial assets 1440535665.00 2874055003.00
Investment property 2269478349.00 2146616904.00
Fixed assets 168646816497.00 186299299142.00
Construction in progress 59943521290.00 52943124120.00
Productive living assets 0.00 0.00
Oil and gas assets 0.00 0.00
Right-of-use assets 744619555.00 807290109.00
Intangible assets 12094464724.00 12797518195.00
Including: Data resource 0.00 0.00
Development costs 123375315.00 123706247.00
Including: Data resource 0.00 0.00
Goodwill 653575022.00 653575022.00
Long-term prepaid expense 641688148.00 599601573.00
Deferred income tax assets 942087350.00 854033038.00
Other non-current assets 19503618747.00 15231258913.00
Total non-current assets 286173422771.00 294502505023.00
Total assets 425610492521.00 436378322803.00
Current liabilities:
Short-term borrowings 4249723848.00 3655021437.00
Borrowings from the central bank 0.00 0.00
Loans from other banks and financial institutions 0.00 0.00
Held-for-trading financial liabilities 0.00 0.00
Derivative financial liabilities 0.00 0.00
Notes payable 2426317496.00 1380128604.00
Accounts payable 38596942345.00 37242292283.00
Advances from customers 158984960.00 77763054.00
Contract liabilities 2624010009.00 2223451538.00
Financial assets sold under repurchase agreements 0.00 0.00
Customer deposits and deposits from other banks and financial
0.00 0.00
institutions
BOE Technology Group Co. Ltd. Third Quarterly Report 2026
Payables for acting trading of securities 0.00 0.00
Payables for underwriting of securities 0.00 0.00
Employee benefits payable 3537911945.00 3584824383.00
Taxes and levies payable 1351048432.00 1319215532.00
Other payables 19922143652.00 20889438382.00
Including: Interest payable 0.00 0.00
Dividends payable 31102866.00 40884271.00
Fees and commissions payable 0.00 0.00
Reinsurance payables 0.00 0.00
Liabilities directly associated with assets held for sale 0.00 0.00
Current portion of non-current liabilities 30253032868.00 26670312919.00
Other current liabilities 4405392673.00 4349146900.00
Total current liabilities 107525508228.00 101391595032.00
Non-current liabilities:
Insurance contract reserve 0.00 0.00
Long-term borrowings 92418698826.00 101576573473.00
Bonds payable 12968596885.00 10968768052.00
Including: Preference shares 0.00 0.00
Perpetual bonds 0.00 0.00
Lease liabilities 651845295.00 687762666.00
Long-term payables 2178584207.00 2348036273.00
Long-term employee benefits payable 0.00 0.00
Provisions 0.00 0.00
Deferred income 6511439300.00 6798033210.00
Deferred income tax liabilities 1333844528.00 1134894697.00
Other non-current liabilities 3111233265.00 3996902667.00
Total non-current liabilities 119174242306.00 127510971038.00
Total liabilities 226699750534.00 228902566070.00
Owners’ equity:
Share capital 37044328064.00 37413880464.00
Other equity instruments 0.00 0.00
Including: Preference shares 0.00 0.00
Perpetual bonds 0.00 0.00
Capital reserves 48904855526.00 51859961722.00
Less: Treasury stock 3017524704.00 1499835264.00
Other comprehensive income -1032414082.00 -766570036.00
Specific reserve 265195486.00 207330489.00
Surplus reserves 4035941610.00 4035830324.00
General reserve 0.00 0.00
Retained earnings 45390101955.00 43228031107.00
Total equity attributable to owners of the parent company 131590483855.00 134478628806.00
Non-controlling interests 67320258132.00 72997127927.00
Total owners’ equity 198910741987.00 207475756733.00
Total liabilities and owners’ equity 425610492521.00 436378322803.00
Legal representative: Chen Yanshun Chairman of the Executive Committee: Feng Qiang
Chief Financial Officer: Yang Xiaoping Head of the Company’s Financial Department: Xu Yaxiao
2. Consolidated Income Statement for Q1~Q3
Unit: RMB
Item Q1~Q3 2026 Q1~Q3 2025
1. Revenues 151808907767.00 154547999525.00
Including: Operating revenue 151808907767.00 154547999525.00
BOE Technology Group Co. Ltd. Third Quarterly Report 2026
Interest revenue 0.00 0.00
Insurance premium income 0.00 0.00
Fee and commission income 0.00 0.00
2. Costs and expenses 148802911223.00 149931981909.00
Including: Cost of sales 128627667758.00 132266891686.00
Interest costs 0.00 0.00
Fee and commission expense 0.00 0.00
Surrenders 0.00 0.00
Net insurance claims paid 0.00 0.00
Net amount provided as insurance contract reserve 0.00 0.00
Expenditure on policy dividends 0.00 0.00
Reinsurance premium expense 0.00 0.00
Taxes and levies 1112844184.00 1076171073.00
Selling expense 1537598174.00 1367912773.00
Administrative expense 4563038366.00 4426439285.00
R&D expense 10504929245.00 9560125776.00
Finance costs 2456833496.00 1234441316.00
Including: Interest costs 2220736119.00 2488576089.00
Interest revenue 1120552097.00 1398667769.00
Add: Other income 2337229861.00 2121443629.00
Return on investment (“-” for loss) 1061227137.00 584572416.00
Including: Share of profit or loss of joint ventures and
868661269.00 -8866758.00
associates
Income from the derecognition of financial
0.00 0.00
assets at amortized cost (“-” for loss)
Exchange gain (“-” for loss) 0.00 0.00
Net gain on exposure hedges (“-” for loss) 0.00 0.00
Gain on changes in fair value (“-” for loss) 867676393.00 156413122.00
Credit impairment loss (“-” for loss) -18204528.00 -79632190.00
Asset impairment loss (“-” for loss) -1704775823.00 -1877779491.00
Asset disposal income (“-” for loss) 10077104.00 29660155.00
3. Operating profit (“-” for loss) 5559226688.00 5550695257.00
Add: Non-operating income 35541021.00 434400007.00
Less: Non-operating expense 19287079.00 24429123.00
4. Gross profit (“-” for loss) 5575480630.00 5960666141.00
Less: Income tax expense 2192279422.00 1555987842.00
5. Net profit (“-” for net loss) 3383201208.00 4404678299.00
5.1 By operating continuity
5.1.1 Net profit from continuing operations (“-” for net loss) 3383201208.00 4404678299.00
5.1.2 Net profit from discontinued operations (“-” for net
0.00 0.00
loss)
5.2 By ownership
5.2.1 Net profit attributable to owners of the parent company
(“-” for net loss) 4251312657.00 4601497094.00
5.2.2 Net profit attributable to non-controlling interests (“-”
-868111449.00 -196818795.00
for net loss)
6. Other comprehensive income net of tax -333135555.00 288314427.00
Attributable to owners of the parent company -291841577.00 284948385.00
6.1 Items that will not be reclassified to profit or loss -125579163.00 70483603.00
6.1.1 Changes caused by remeasurements on defined
0.00 0.00
benefit schemes
6.1.2 Other comprehensive income that will not be
-62899274.00 22548650.00
reclassified to profit or loss under the equity method
6.1.3 Changes in the fair value of investments in other
-62679889.00 47934953.00
equity instruments
6.1.4 Changes in the fair value arising from changes in
0.00 0.00
own credit risk
6.1.5 Other 0.00 0.00
6.2 Items that will be reclassified to profit or loss -166262414.00 214464782.00
BOE Technology Group Co. Ltd. Third Quarterly Report 2026
6.2.1 Other comprehensive income that will be
-77843.00 30244269.00
reclassified to profit or loss under the equity method
6.2.2 Changes in the fair value of other debt investments 0.00 0.00
6.2.3 Other comprehensive income arising from the
0.00 0.00
reclassification of financial assets
6.2.4 Credit impairment allowance for other debt
0.00 0.00
investments
6.2.5 Reserve for cash flow hedges 0.00 0.00
6.2.6 Differences arising from the translation of foreign
-166184571.00 184220513.00
currency-denominated financial statements
6.2.7 Other 0.00 0.00
Attributable to non-controlling interests -41293978.00 3366042.00
7. Total comprehensive income 3050065653.00 4692992726.00
7.1 Attributable to owners of the parent company 3959471080.00 4886445479.00
7.2 Attributable to non-controlling interests -909405427.00 -193452753.00
8. Earnings per share
8.1 Basic earnings per share 0.11 0.12
8.2 Diluted earnings per share 0.11 0.12
Where business combinations under common control occurred in the current period the net profit achieved by the acquirees before the
combinations was RMB0.00 with the amount for the same period of last year being RMB0.00.Legal representative: Chen Yanshun Chairman of the Executive Committee: Feng Qiang
Chief Financial Officer: Yang Xiaoping Head of the Company’s Financial Department: Xu Yaxiao
3. Consolidated Cash Flow Statement for Q1~Q3
Unit: RMB
Item Q1~Q3 2026 Q1~Q3 2025
1. Cash flows from operating activities:
Proceeds from sale of commodities and rendering of services 160708511903.00 162913530442.00
Net increase in customer deposits and deposits from other banks
0.00 0.00
and financial institutions
Net increase in borrowings from the central bank 0.00 0.00
Net increase in loans from other financial institutions 0.00 0.00
Premiums received on original insurance contracts 0.00 0.00
Net proceeds from reinsurance 0.00 0.00
Net increase in deposits and investments of policy holders 0.00 0.00
Interest fees and commissions received 0.00 0.00
Net increase in loans from other banks and financial institutions 0.00 0.00
Net increase in proceeds from repurchase transactions 0.00 0.00
Net proceeds from acting trading of securities 0.00 0.00
Tax and levy rebates 8842801085.00 8278853221.00
Cash generated from other operating activities 3528540625.00 6686338067.00
Subtotal of cash generated from operating activities 173079853613.00 177878721730.00
Payments for commodities and services 116296469412.00 116323701695.00
Net increase in loans and advances to customers 0.00 0.00
Net increase in deposits in the central bank and other banks and
0.00 0.00
financial institutions
Payments for claims on original insurance contracts 0.00 0.00
Net increase in loans to other banks and financial institutions 0.00 0.00
Interest fees and commissions paid 0.00 0.00
Policy dividends paid 0.00 0.00
Cash paid to and for employees 16007923898.00 16430825707.00
Taxes and levies paid 4869031413.00 4602965436.00
Cash used in other operating activities 3694791035.00 3746610629.00
Subtotal of cash used in operating activities 140868215758.00 141104103467.00
Net cash generated from/used in operating activities 32211637855.00 36774618263.00
2. Cash flows from investing activities:
BOE Technology Group Co. Ltd. Third Quarterly Report 2026
Proceeds from disinvestment 20405130401.00 31918245508.00
Return on investment 1209217722.00 1026331233.00
Net proceeds from the disposal of fixed assets intangible assets
14906397.00 17924335.00
and other long-lived assets
Net proceeds from the disposal of subsidiaries and other
0.00 0.00
business units
Cash generated from other investing activities 271912614.00 194395484.00
Subtotal of cash generated from investing activities 21901167134.00 33156896560.00
Payments for the acquisition of fixed assets intangible assets
21364790838.00 30031729690.00
and other long-lived assets
Payments for investments 25339515348.00 34570099884.00
Net increase in pledged loans granted 0.00 0.00
Net payments for the acquisition of subsidiaries and other
0.00 0.00
business units
Cash used in other investing activities 150136989.00 228735845.00
Subtotal of cash used in investing activities 46854443175.00 64830565419.00
Net cash generated from/used in investing activities -24953276041.00 -31673668859.00
3. Cash flows from financing activities:
Capital contributions received 2549742504.00 5061118800.00
Including: Capital contributions by non-controlling interests
2549742504.00 5061118800.00
to subsidiaries
Borrowings received 27180895853.00 44103248864.00
Cash generated from other financing activities 2086810732.00 205925191.00
Subtotal of cash generated from financing activities 31817449089.00 49370292855.00
Repayment of borrowings 29700279686.00 46775467838.00
Interest and dividends paid 4747663198.00 5154710034.00
Including: Dividends paid by subsidiaries to non-controlling
14027433.00 76213256.00
interests
Cash used in other financing activities 13107785901.00 8284714451.00
Subtotal of cash used in financing activities 47555728785.00 60214892323.00
Net cash generated from/used in financing activities -15738279696.00 -10844599468.00
4. Effect of foreign exchange rates changes on cash and cash
-1087626529.00 -158362448.00
equivalents
5. Net increase in cash and cash equivalents -9567544411.00 -5902012512.00
Add: Cash and cash equivalents beginning of the period 58211295777.00 62005252511.00
6. Cash and cash equivalents end of the period 48643751366.00 56103239999.00
(II) Adjustments to Financial Statement Items at the Beginning of the Year of the First Implementation of
the New Accounting Standards Implemented since 2026
□ Applicable □ Not applicable
(III) Independent Auditor’s Report
Indicate by tick mark whether the financial statements above have been audited by an independent auditor.□Yes □ No
These financial statements have not been audited by such an auditor.The Board of Directors
BOE Technology Group Co. Ltd.
30 October 2026
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