INTERIM REPORT 2024
August 2024BOE Technology Group Co. Ltd. Interim Report 2024
Part I Important Notes Table of Contents and Definitions
The Board of Directors (or the “Board”) the Supervisory Committee as well as the directors
supervisors 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. Gao Wenbao President Ms. Yang
Xiaoping Chief Financial Officer and Mr. Teng Jiao 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 both Chinese and English. Should there
be any discrepancies or misunderstandings between the two versions the Chinese versions shall
prevail.
1BOE Technology Group Co. Ltd. Interim Report 2024
Table of Contents
Part I Important Notes Table of Contents and Defin... 1
Part II Corporate Information and Key Financial In... 6
Part III Management Discussion and Analysis ........ 10
Part IV Corporate Governance ....................... 28
Part V Environmental and Social Responsibility ..... 31
Part VI Significant Events ......................... 37
Part VII Share Changes and Shareholder Information.. 49
Part VIII Preferred Shares ......................... 57
Part IX Bonds ...................................... 58
Part X Financial Statements ........................ 60
2BOE Technology Group Co. Ltd. Interim Report 2023
Documents Available for Reference
(I) The financial statements signed and sealed by the Company’s legal representative President 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: 26 August 2024
3BOE Technology Group Co. Ltd. Interim Report 2024
Definitions
Term Definition
“BOE” the “Company” the “Group” or BOE Technology Group Co. Ltd. and its consolidated subsidiaries except where
“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
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
The Articles of Association The Articles of Association of BOE Technology Group Co. Ltd.The Rules of Procedure for the Board of The Rules of Procedure for the Board of Directors of BOE Technology Group
Directors Co. Ltd.The Rules for Independent Directors The Rules for Independent Directors of BOE Technology Group Co. Ltd.The Rules of Procedure for the Supervisory The Rules of Procedure for the Supervisory Committee of BOE Technology
Committee Group Co. Ltd.The Methods for the Administration of The Methods for the Administration of Information Disclosure of BOE
Information Disclosure Technology Group Co. Ltd.The Composition and Rules of Procedure of
The Composition and Rules of Procedure of the Risk Control and Audit
the Risk Control and Audit Committee of the
Committee of the Board of Directors of BOE Technology Group Co. Ltd.Board of Directors
The Methods for the Administration of The Methods for the Administration of Appointment of CPA Firm of BOE
Appointment of CPA Firm Technology Group Co. Ltd.Three Virtues Gratitude awe and transcendence
Five Spirits Backbone ambition courage morale and confidence
HC Semitek BOE HC Semitek Corporation
Shengshi Technology Beijing BOE Shengshi Technology Co. Ltd.Suzhou Sensor Suzhou BOE Sensor Technology Co. Ltd.Varitronix BOE Varitronix LimitedBOE Energy Technology Co. Ltd. formerly known as “Beijing BOE EnergyEnergy TechnologyTechnology Co. Ltd.”
Zhongxiangying Beijing Zhongxiangying Technology Co. Ltd.UPTC UPTC (Beijing) Technology Co. Ltd.
16K 16K resolution (15360 × 8640 pixels)
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
α-MLED One of BOE's three major technology brands
BSEOS BOE Smart Energy Operation System
DIC Display Innovation China
DMS Driver Monitor System
ESL Electronic Shelf Label
FHD Full High Definition
f-OLED One of BOE's three major technology brands
Smart cockpit innovation scenarios covering Healthiness Entertainment
HERO
Relaxation and Office
Standard ITU-TH.629.1: Scenarios Framework and Metadata for Digitalized
H.629.1 Artwork Images Display System approved by the International
Telecommunication Union
Hz Hertz
IPD Integrated Passive Device
IRC IR Drop Compensate
IoT Internet of Things
IFI IFI Claims a U.S. intellectual property information service provider
4BOE Technology Group Co. Ltd. Interim Report 2024
LED Light-emitting Diode
LCD Liquid Crystal Display
MLED Mini/Micro LED
Microdisplay A display technology
MEMS Micro-Electro-Mechanical System
Mini/Micro
Sub-millimetre/miniature light-emitting diode
LED
MNT Monitor
NB Note Book
OLED Organic Light Emitting Diode
PIS Passenger Information System
PCT Patent Cooperation Treaty
SID The Society for Information Display
SaaS Software as a Service
TFT-LCD Thin Film Transistor Liquid Crystal Display
TGV Through Glass Via
The Artificial Intelligence Work Group of the Internet and Application Technical
TC1 WG1
Committee of China Communications Standards Association
UB Cell “Ultra Black Ultra Bright Ultra Brilliant” a naturalistic LCD technology
VR/AR Virtual Reality /Augmented Reality
VGP Visual Grand Prix
WIPO World Intellectual Property Organization
A type of radiation that can pass through objects that are not transparent and make
X-ray
it possible to see inside them
5BOE Technology Group Co. Ltd. Interim Report 2024
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 Liu Hongfeng Luo Wenjie
12 Xihuan Middle Road Beijing Economic- 12 Xihuan Middle Road Beijing Economic-
Address Technological Development Area Beijing Technological Development Area Beijing
P.R.China P.R.China
Tel. 010-64318888 ext. 010-64318888 ext.Fax 010-64366264 010-64366264
Email address liuhongfeng@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 2023 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 2023 Annual Report.
6BOE Technology Group Co. Ltd. Interim Report 2024
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 2024 H1 2023 Change (%)
Operating revenue (RMB) 93386241632.00 80177875220.00 16.47%
Net profit attributable to the listed
2284051354.00735809609.00210.41%
company’s shareholders (RMB)
Net profit attributable to the listed
company’s shareholders before 1613403381.00 -1584440291.00 201.83%
exceptional gains and losses (RMB)
Net cash generated from/used in
24878969292.0016243669123.0053.16%
operating activities (RMB)
Basic earnings per share (RMB/share) 0.06 0.02 200.00%
Diluted earnings per share (RMB/share) 0.06 0.02 200.00%
Weighted average return on equity (%) 1.75% 0.50% 1.25%
Item 30 June 2024 31 December 2023 Change (%)
Total assets (RMB) 422367862387.00 419187099795.00 0.76%
Equity attributable to the listed
130834067578.00129428307067.001.09%
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
7BOE Technology Group Co. Ltd. Interim Report 2024
Unit: RMB
Item Amount Note
Gain or loss on disposal of non-current assets (inclusive of impairment allowance
38121550.00 N/A
write-offs)
Government grants recognised in current profit or loss (exclusive of those that
are closely related to the Company's normal business operations and given in
767564807.00 N/A
accordance with defined criteria and in compliance with government policies
and have a continuing impact on the Company's profit or loss)
Gain or loss on fair-value changes in financial assets and liabilities held by a
non-financial enterprise as well as on disposal of financial assets and liabilities
-33613871.00 N/A
(exclusive of the effective 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
0.00 N/A
current 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
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
3096389.00 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
0.00 N/A
enjoyable fair value of identifiable net assets of investees when making
investments
Current profit or loss on subsidiaries obtained in business combinations
involving enterprises under common control from the period-beginning to 0.00 N/A
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
0.00 N/A
such as expenses for employee arrangements
One-time effect on current profit or loss due to adjustments in tax accounting
0.00 N/A
and other laws and regulations
One-time share-based payments recognized due to cancellation and modification
0.00 N/A
of equity incentive plans
Gain or loss on changes in the fair value of employee benefits payable after the
0.00 N/A
vesting date for cash-settled share-based payments
Gain or loss on fair-value changes in investment property of which subsequent
0.00 N/A
measurement is carried out using the fair value method
Income from transactions with distinctly unfair prices 0.00 N/A
Gain or loss on contingencies that are unrelated to the Company's normal
0.00 N/A
business operations
Income from charges on entrusted management 0.00 N/A
Non-operating income and expense other than the above 69490439.00 N/A
Other gains and losses that meet the definition of exceptional gain/loss 0.00 N/A
Less: Income tax effects 4204537.00 N/A
Non-controlling interests effects (net of tax) 169806804.00 N/A
Total 670647973.00
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:
8BOE Technology Group Co. Ltd. Interim Report 2024
□ Applicable □ Not applicable
No such cases for the Reporting Period.
9BOE Technology Group Co. Ltd. Interim Report 2024
Part III Management Discussion and Analysis
I Principal Operations of the Company in the Reporting Period
(I) About the Company
In constant pursuit of excellence BOE Technology Group Co. Ltd. is an innovative IoT company dedicated to providing intelligent
interface products and professional services for information interaction and human health.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”.In pursuit of high-quality development BOE has been forging ahead through innovation promoting both reasonable growth in financial
results and effective improvement in development quality as well as accelerating the realisation of high-level synergies. Upon decades
of development BOE has grown into a world leader in the semiconductor display industry and a global innovative company in the IoT
sector. At present it has a significant number of intelligent manufacturing bases in Beijing Hefei Chengdu Chongqing Fuzhou
Mianyang Wuhan Kunming Ordos etc. with subsidiaries in the United States Germany Japan South Korea Singapore India
Brazil the United Arab Emirates and other countries and regions as well as a service system that covers major regions of the world
such as Europe Americas Asia and Africa.Adhering to a “market-oriented international and professional” development approach the Company keeps in mind the people-
oriented principle drives continuous innovations in an intelligent and IoT-based era as well as provides customers with better products
and more thoughtful service experience with its well-established global network and a diverse product and service system.To embrace the development trends of the industry BOE has put in place a development architecture of "1+4+N+Ecosystem" among
which:
"1" represents semiconductor display which is the core capacity and quality resources accumulated by BOE as well as the source and
origin of the Company's development."4" is a high-potential channel and direction of development selected based on BOE's core competence and value chain extension as
well as the four main fronts of the Company's IoT development namely the IoT Innovation business the Sensor business the MLED
business and the Smart Engineering Medicine business."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 Company's IoT development.“Ecosystem” is an industrial ecological development circle constructed by the Company in collaboration with many partners and by
aggregating the resources of the industrial chain and ecosystem chain.(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 AMOLED TFT-LCD Microdisplay and other technologies focusing on providing customers with high-quality
display devices for smartphones tablet PCs laptops monitors TVs vehicles VR/AR devices 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. Backed by AI and
big data technologies it focuses on products and services combining hardware and software providing integrated IoT solutions for
segments including smart industrial parks smart finance etc.
10BOE Technology Group Co. Ltd. Interim Report 2024
3. The Sensor business
The Sensor business offers integrated design and manufacturing solutions focuses on smart display windows industrial sensors
innovative glass-based sensor devices MEMS sensors and other fields and provides customers with products and services including
intelligent PDLC windows and PDLC system solutions industrial application consumer electronics automotive electronic sensors and
solutions and back plates for flat panel X-ray detectors (FPXD) 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 LED backlight products with high quality and reliability for TVs monitors notebooks vehicles VR/AR
devices etc. as well as Mini/Micro-LED display products with high brightness high reliability and high contrast for segment markets
of outdoor commercial transparent specialized and other displays. All these products are designed and manufactured in an integrated
manner.
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. Meanwhile this business is committed to providing a closed loop
of through-life health services with health management as the core medical terminals as the traction and digital hospitals and
recreational communities as the support. It connects testing equipment healthcare workers and customers through the smart health
management ecosystem where customers enjoy professional health services including prevention treatment therapy and nursing.
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 smart vehicle connection smart energy industrial IoT UHD display digital art etc. which can provide customers
with multi-functional and smart new experience under IoT scenarios. Particularly in terms of smart vehicle connection the business
integrates DMS gesture recognition touch feedback naked-eye 3D and other cutting-edge functions focuses on the intelligent cockpit
"HERO" innovative application scenarios that include four dimensions of healthiness entertainment relaxation and office and
promote the continuous upgrading of products and solutions in the field of vehicle-mounted display and interaction. One-stop products
and services for automotive intelligent upgrading are provided to bring fresh and comfortable driving experience 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 its independently developed BOE
Smart Energy Operation System ("BSEOS" or "BES" for short) as the empowering platform it revolves around various aspects of
"source-grid-load-storage-carbon." In typical energy usage scenarios such as industrial commercial parks and public facilities it
offers a zero-carbon implementation path of "source decarbonization process decarbonization and intelligent carbon management"
providing customers with comprehensive energy supply services and zero-carbon solutions aiding in societal green development and
ecological civilization construction.In terms of the industrial internet business BOE is committed to providing advanced industrial software intelligent manufacturing
solutions and product services for the pan-semiconductor industry. Leveraging over thirty years of industry experience BOE has
developed industrial software industrial AI plant automation and other products and services empowering customers in their digital
transformation and continuously driving high-quality industry development.In terms of ultra-high-definition display products BOE aims to become a global leader in ultra-high-definition digital products and
solutions. With core technologies and the localization and commercial-scale application of products the entire industry chain of ultra-
high-definition front-end capture transmission distribution and terminal display has entered a new development stage. BOE
independently designed and built the world's first set of "8K+5G+22.2-channel" ultra-high-definition 3D sound broadcast vehicles
achieving a breakthrough in domestic 8K ultra-high-definition integrated broadcasting systems connecting the 8K ultra-high-definition
video industry content production chain and promoting the widespread application of ultra-high-definition in visual arts smart
governance smart transportation and other digital scenarios.
11BOE Technology Group Co. Ltd. Interim Report 2024
In the field of digital artworks the business adheres to "culture + technology" cross-field integration and innovation launches the "one
million digital culture experience scenario programme" around International Standard H.629.1 for digital art display and join hands
with partners at the content- technology- and application-ends so as to empower culture with display products and solutions with more
functions and forms and better experience.II Core Competitiveness Analysis
1. Elevating strategy and establishing a sustainable value growth system
Based on years of practical exploration in the semiconductor display and Internet of Things (IoT) industry the Company has proposed
the strategy of "Empower IoT with Display" that is suitable for the high-quality development. It regards "display" as an important port
for human information interaction and the first channel that shows the integration of digital and real world in the IoT era fully
leveraging its core advantage of "display" to work with ecological partners to seize the ubiquitous growth opportunities of "display"
and expand the application capabilities of "display" software and hardware integration by integrating more functions deriving more
forms and inserting more scenarios. In this way the Company will achieve the user perception revolution of "display as terminal" in
the IoT era build an industrial ecology of "display as platform and display as system" in the intelligent digital age.Guided by the "Empower IoT with Display" strategy and leveraging its core strengths and technological innovation capabilities the
Company continuously extends its value chain propelling strategic elevation. By strengthening key technologies such as AI and big
data the Company has built a complete industry value creation system from display components to smart terminals and further to
system solutions. Additionally in collaboration with industry upstream and downstream ecological partners the Company consistently
has established the strongest product competitiveness and system integration ability in the industry to meet the diversified needs of
customers and achieves a transformation from "single device value creation" to "Empower IoT with Display entire industry chain value
creation" from "independent company value creation" to "synergistic ecological value creation" supporting sustainable high-quality
development for the Company.
2. Reinforcing industry-leading market advantage with agile response
In alignment with the trends of digitalization and intelligence in industrial development the Company remains customer-oriented
seizes market development opportunities responds to customer needs with a keen eye actively expands global markets based on
existing businesses engages in forward-looking layouts consistently consolidates its leading position in the market and explores new
business growth points.In the first half of 2024 the Company continued to maintain its leading edge in the semiconductor display field. In the LCD sector the
Company retained its position as the global leader in shipments for the five major applications with an increasing share of core clients.Meanwhile due to its continuous optimization of its product mix the shipment volume of its advantageous high-end flagship products
remained on the rise with large-sized products (≥ 85") achieving the world's largest shipment volume. In the flexible OLED sector
the shipment volume increased further with a year-on-year increase of over 25%. Multiple high-end foldable products of flexible
AMOLED were exclusively supplied to customers and various brand-first products were launched.The Company persistently adheres to innovative development with emerging achievements in various segmented markets. Overseas
expansion of smart terminals accelerated with the timely commencement of phase two of the smart terminal project in Vietnam. The
global deployment capacity of products and services was further strengthened with IoT applications and low-power terminals
maintaining the global lead in segmented markets like whiteboards splicing products and ESL. The system solution business has been
promoted continually with the iterative upgrade of the comprehensive management platform for smart financial outlets. This platform
was successfully implemented in multiple intelligent bank outlets in regions like Hunan and Guangzhou. The smart park completed
the iterative upgrade of its park IoT management platform and operation service platform transforming standard products into SaaS
solutions driving the implementation of benchmark projects in cultural and tourism parks. The competitiveness of branded products
continued to improve with the launch of the C100 all-in-one machine integrating functions like smart voice pens AI-based conference
summaries on-device voice transcription and large model Q&A technologies. The MLED business continued to refine its industrial
12BOE Technology Group Co. Ltd. Interim Report 2024
chain expanding applications for LED direct displays. Various benchmark projects were delivered in outdoor displays commercial
displays movie screens and creative displays using high-brightness high-reliability and high-contrast products. The comprehensive
competitiveness of the backlight business was further enhanced with the launch of multiple high-end products like Mini curved and
custom-shaped products in segmented fields such as NB MNT and automotive in collaboration with top customers in the industry.The MNT 31.5" product received gold prize of the Visual Grand Prix (VGP) Awards. As for the Sensor business Beijing BOE Shengshi
Technology Co. Ltd. has accessed multiple automotive consumers. Their self-developed photovoltaic wireless dimming system was
the industry's first. Suzhou Sensor has successfully introduced several top consumers from industries like photovoltaics and lithium
batteries. The conversion and R&D capabilities of MEMS/IPD products gradually improved with their self-developed wafer-level
lead-free TGV MEMS pressure sensor gaining recognition from top clients. The digital hospital continued to enhance its core
capabilities with a total of 760000 outpatient visits a 31% year-on-year increase and 31000 discharged patients a 22% year-on-year
increase. Operational quality significantly improved. The construction of the Chengdu Smart Medical and Elderly Care Center was
completed advancing customer sign-ups.In the Company's "N" business BOE Varitronix Limited steadily explored overseas markets providing top-tier services for overseas
automotive projects and maintaining the industry's leading position in car display shipments. Revenue of Energy Technology doubled
upgrading three engineering contracting qualifications to level two in electricity electromechanics and communications. The Company
received multiple software copyrights from the China Copyright Center and various honours like being included in the list of Top 10
Typical International Innovative Applications of Energy Storage. Beijing Zhongxiangying Technology Co. Ltd. has achieved a
significant improvement in device current-voltage simulation speed from minutes to under 30 seconds with a 5% increase in simulation
accuracy. The Company successfully bid for over 50 external clients achieving breakthroughs in multiple industries such as
semiconductor film materials and photovoltaics. UPTC continued to focus on breakthroughs in the ultra-high-definition digital track
completing industry benchmark projects such as the Liangma River Platinum Palace Lock Super 8K Digital Immersive Space the Intel
GTC (Global Trade Center) Technology Experience Center and PIS systems at top 10 airports nationwide in cities like Xi'an
Chongqing and Beijing. The commercial model of the nationwide live broadcast of Sudi Chunxiao in ultra-high definition for the first
time was successfully implemented maintaining a leading market share in 8K professional production and broadcasting technology
services.
3. Being driven by innovation and forging excellent technological leadership abilities
The Company is committed to being driven by technological innovation constructing a comprehensive innovation ecosystem and
pragmatically advancing the rapid development of key innovation platforms in semiconductor displays IoT innovation and sensor
devices. To adapt to the trends of the intelligent era the Company comprehensively builds a technology architecture of "Empower IoT
with Display" including device layer terminal layer platform layer and application layer creating three major technological brands:
ADS Pro f-OLED and α-MLED. With a systematic technological innovation capability that integrates software and hardware
provides key support for the value extension of its "device - terminal - scenario".In terms of technology and products the Company continuously upgrades its display technology enhances OLED low-power
consumption and image quality introduces multiple AI technologies such as OLED IRC and wins the 2024 DIC AWARD for the AI+
display device image enhancement technology solution. The Company also led the development of the industry's first industrial large
model group standard (TC1WG1) and China's first General Artificial Intelligence Blue Book officially released three national standards
for touch display flexible display performance and testing methods. The influence of its products continues to grow with the launch
of several high-end products such as UB Cell 3.0 MNT FHD 520Hz and a vehicle-mounted dual 17" spliced rolling screen. The 110"
16K naked-eye 3D terminal and 32" light field display each received the SID 2024 PCA (People's Choice Award) further enhancing
the global influence of its technological brand.Regarding patents the Company continuously strengthens its high-quality patent layout with over 4000 new patent applications in
the first half of the year including over 90% invention patents and over 30% overseas patents covering multiple countries and regions
such as the United States Europe Japan and Korea spanning various fields like flexible OLEDs sensors artificial intelligence and
big data. The Company's technological innovation prowess has been repeatedly recognized entering the global TOP20 in the IFI U.S.
13BOE Technology Group Co. Ltd. Interim Report 2024
patent authorization ranking for six consecutive years and the global TOP10 in WIPO's global PCT patent application for eight
consecutive years. In 2024 it ranked 12th in the first-ever released Top 100 Global Innovators by Clarivate Analytics further
demonstrating its innovation strength and technological leadership as an industry leader.
4. Constructing a sound digital governance system with lean management
The Company persists in enhancing its lean management approach focusing on strategic resource investments and establishing a
streamlined digitalized standardized and process-driven operational structure to solidify its position as a global leader with enhanced
competitive strengths.In terms of operational management it keeps improving the platform-based organisational design and adheres to the operational
management system of “three offices and three managements”. The Company combines the organisational mechanism of an agile front
office an intensive middle office and an efficient back office with key measures such as strategy procedures and performance to
continuously strengthen the coordinated operation of the three offices and increase the Company’s operational efficiency. Under the
“three offices and three managements” operational framework the Company piloted a “Platform + Battle Team” model—a matrixed
management style where “Battle Teams lead engagements while Platforms handle infrastructure.” This method reinforces customer-
centric management balances responsibilities and rights fosters internal synergy and facilitates the high-quality operation of the
Company.In terms of digital transformation the Company has fortified its digital processes advanced online process digitization and digital
operations and continued to promote the construction of “one digital and visible BOE” with digital transformation projects as breach
so as to strengthen process efficiency improvement and value creation. Based on five major capability platforms - solution capability
platform development technology platform data platform secure operation platform and cloud infrastructure platform the Company
deeply advances the construction of a digital technology foundation. It firmly centres around product and technology leadership
strategies platform strategies standardization strategies and steadily achieves milestones in major digital projects progressing steadily
in digital transformation.
5. Inheriting a cohesion-oriented and excellent corporate culture and value system
The Company has always adhered to the original aspiration. In more than 30 years of entrepreneurship and innovation practices the
Company has developed a series of outstanding corporate culture and core values which have inspired generations of its employees to
bravely shoulder responsibilities and forge ahead. The Company always cherishes "three virtues" including gratitude awe and
transcendence and "five spirits" including backbone ambition courage morale and confidence steadfastly following the growth
logic of "inheritance innovation and development" striving tirelessly to be the most respected company on earth. The Company will
always uphold the management philosophy of "transparency and efficiency vitality and empowerment" the work philosophy of
"innovation and pragmatism growth-oriented" and the talent philosophy of "cultivating outstanding individuals energizing the
masses" adhering to behavioural guidelines such as principles of "scholar wisdom commercial thinking and chivalrous bearing" and
"observe the problem and bear the responsibility from an overall point of view think from a different point of view and clarify the
responsibilities of each position dare to raise problems and help solve them" guiding all BOE employees to work and develop their
career inherit and promote excellent corporate culture and values and assist the Company in achieving high-quality development.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 2024 H1 2023 Change (%) Main reason for change
Operating revenue 93386241632.00 80177875220.00 16.47% N/A
14BOE Technology Group Co. Ltd. Interim Report 2024
Cost of sales 78449047476.00 72933845456.00 7.56% N/A
Selling expense 1890377290.00 1927463296.00 -1.92% N/A
Administrative expense 2833605971.00 2733334581.00 3.67% N/A
Decreased net interest
expense and increased
Finance costs 295442333.00 436869094.00 -32.37%
net exchange gains in
the Reporting Period
Temporary differences
Income tax expense 508068093.00 820532936.00 -38.08% of assets in the
Reporting Period
R&D investments 5842590541.00 5267009863.00 10.93% N/A
Net cash generated
Increased sales in the
from/used in operating 24878969292.00 16243669123.00 53.16%
activities Reporting Period
Increased net cash
Net cash generated outflows from
from/used in investing -15514054444.00 -2022756127.00 -666.98% investments in wealth
activities management products
in the Reporting Period
Increased cash inflows
from borrowings
Net cash generated
received and decreased
from/used in financing -3824920788.00 -18815007770.00 79.67%
activities repayment of perpetual
bonds in the Reporting
Period
Increased sales and
Net increase in cash decreased repayment of
5863820613.00-3793720888.00254.57%
and cash equivalents perpetual bonds in 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 2024 H1 2023
As % of total As % of total
Item Change (%)
Operating revenue operating revenue Operating revenue operating revenue
(%)(%)
Total 93386241632.00 100% 80177875220.00 100% 16.47%
By operating division
Display Devices
78013141508.0083.54%67913897300.0084.70%14.87%
business
IoT Innovation
17155911452.0018.37%15515675119.0019.35%10.57%
business
Sensor business 163437762.00 0.18% 183294095.00 0.23% -10.83%
MLED business 4033466005.00 4.32% 1867788858.00 2.33% 115.95%
Smart
Engineering 903706724.00 0.97% 795300344.00 0.99% 13.63%
Medicine business
Other business
and offset among -6883421819.00 -7.38% -6098080496.00 -7.61% 12.88%
segments
By product category
Display Devices
78013141508.0083.54%67913897300.0084.70%14.87%
business
IoT Innovation
17155911452.0018.37%15515675119.0019.35%10.57%
business
15BOE Technology Group Co. Ltd. Interim Report 2024
Sensor business 163437762.00 0.18% 183294095.00 0.23% -10.83%
MLED business 4033466005.00 4.32% 1867788858.00 2.33% 115.95%
Smart
Engineering
903706724.000.97%795300344.000.99%13.63%
Medicine
business
Other business
and offset among -6883421819.00 -7.38% -6098080496.00 -7.61% 12.88%
segments
By operating segment
Mainland China 49668918111.00 53.19% 34647943197.00 43.21% 43.35%
Other regions in
24963621059.0026.73%25141466187.0031.36%-0.71%
Asia
Europe 2535303477.00 2.71% 2879703018.00 3.59% -11.96%
America 16198047588.00 17.35% 17499907821.00 21.83% -7.44%
Other regions 20351397.00 0.02% 8854997.00 0.01% 129.83%
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 in
Gross change in
change in gross
Item Operating revenue Cost of sales profit operating
cost of profit
margin revenue
sales (%) margin
(%)
(%)
By operating division
Display Devices
78013141508.0067160068734.0013.91%14.87%5.20%7.92%
business
IoT Innovation
17155911452.0015276765666.0010.95%10.57%6.99%2.97%
business
By product category
Display Devices
78013141508.0067160068734.0013.91%14.87%5.20%7.92%
business
IoT Innovation
17155911452.0015276765666.0010.95%10.57%6.99%2.97%
business
By operating segment
Mainland China 49668918111.00 41024545899.00 17.40% 43.35% 29.36% 8.93%
Other regions in
24963621059.0021092890859.0015.51%-0.71%-9.67%8.39%
Asia
America 16198047588.00 14004534342.00 13.54% -7.44% -7.95% 0.48%
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
As % of total Recurrent
Item Amount Source/Reason
profit or not
Return on investment -211962576.00 -9.30% Losses recognized from associates Not
Gain/loss on changes in fair
-50062137.00 -2.20% N/A Not
value
Inventory valuation allowances
Asset impairments -2086855010.00 -91.58% established based on market Not
conditions
Non-operating income 119556239.00 5.25% N/A Not
16BOE Technology Group Co. Ltd. Interim Report 2024
Non-operating expense 46890002.00 2.06% N/A Not
V Analysis of Assets and Liabilities
1. Material Changes in Asset Composition
Unit: RMB
30 June 2024 31 December 2023
Change in
As % of As % of Reason for
Item percentag
Amount total Amount total material change
e (%)
assets assets
Monetary assets 82202140937.00 19.46% 72467392718.00 17.29% 2.17% N/A
Accounts receivable 32321586674.00 7.65% 33365416490.00 7.96% -0.31% N/A
Contract assets 115457722.00 0.03% 95710742.00 0.02% 0.01% N/A
Inventories 26029426424.00 6.16% 24119667325.00 5.75% 0.41% N/A
Investment property 1456236579.00 0.34% 1412553446.00 0.34% 0.00% N/A
Long-term equity
13156657396.00 3.11% 13731696627.00 3.28% -0.17% N/A
investments
Fixed assets 211615521758.00 50.10% 210371476524.00 50.19% -0.09% N/A
Transfer of new
constructions to
fixed assets in
Construction in the Reporting
18750692333.004.44%29670115546.007.08%-2.64%
progress Period resulting
in decreased
construction in
progress
Right-of-use assets 780388211.00 0.18% 724344345.00 0.17% 0.01% N/A
Short-term
1834826491.00 0.43% 1746184534.00 0.42% 0.01% N/A
borrowings
Contract liabilities 2719095139.00 0.64% 3000168620.00 0.72% -0.08% N/A
Long-term
112571968308.00 26.65% 121546339022.00 29.00% -2.35% N/A
borrowings
Lease liabilities 656019088.00 0.16% 542141496.00 0.13% 0.03% N/A
17BOE Technology Group Co. Ltd. Interim Report 2024
2. Major Assets Overseas
□ Applicable □ Not applicable
3. Assets and Liabilities at Fair Value
□ Applicable □ Not applicable
Unit: RMB
Impairme
Gain/loss on fair- nt
Cumulative fair-
value changes in allowance Purchased in the Sold in the
Item Beginning amount value changes Other changes Ending amount
the Reporting for the Reporting Period Reporting Period
charged to equity
Period Reporting
Period
Financial assets
1. Held-for-trading
financial assets
7755964495.00-50062137.000.000.0018429039959.0017722507376.000.008413163737.00
(excluding derivative
financial assets)
2.Derivative financial
0.000.000.000.000.000.000.000.00
assets
3. Investments in other
0.000.000.000.000.000.000.000.00
debt obligations
4. Investments in other
494629577.000.00-173731259.000.00608904.009235062.000.00480818902.00
equity instruments
5. Other non-current
2253778325.000.000.000.0054061357.000.000.002307839682.00
financial assets
Subtotal of financial
10504372397.00-50062137.00-173731259.000.0018483710220.0017731742438.000.0011201822321.00
assets
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
Receivables financing 408534622.00 0.00 0.00 0.00 0.00 0.00 19763926.00 428298548.00
Total of the above 10912907019.00 -50062137.00 -173731259.00 0.00 18483710220.00 17731742438.00 19763926.00 11630120869.00
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
18BOE Technology Group Co. Ltd. Interim Report 2024
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
Monetary assets 1462511849.00
pledge for the issuance of notes payable
Endorsed and transferred with right of recourse
Notes receivable 300980837.00 and those put in pledge for the issuance of notes
payable
Fixed assets 118958503207.00 As collateral for guarantee
Intangible assets 1432721541.00 As collateral for guarantee
Construction in progress 4956769575.00 As collateral for guarantee
Investment property 119581462.00 As collateral for guarantee
Total 127231068471.00 --
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)
238575152.00492972629.00-51.60%
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
19BOE Technology Group Co. Ltd. Interim Report 2024
4. Financial Investments
(1) Securities Investments
□ Applicable □ Not applicable
Unit: RMB
Purch
Sold
Variet Name Accountin Profit/loss on fair ased
Cumulative fair in this Fundi
y of Code of of Initial investment g Beginning value changes in in this Profit/loss in this Ending carrying Account
value changes Repor ng
securit securities securit cost measurem carrying value this Reporting Repor Reporting Period value ing title
charged to equity ting source
ies ies ent model Period ting
Period
Period
Other
Dome equity
Self-
stic/ov Fair value instrum
600658.SH BEZ 90160428.00 61450387.00 0.00 -44931843.00 0.00 0.00 0.00 45228585.00 funde
erseas method ent
d
stock investm
ent
Other
Dome Bank equity
Self-
stic/ov of Fair value instrum
01963.HK 120084375.00 90416707.00 0.00 -4192506.00 0.00 0.00 10272422.00 115891869.00 funde
erseas Chong method ent
d
stock qing investm
ent
Other
New
Dome equity
Centu Self-
stic/ov Fair value instrum
01518.HK ry 140848850.00 17488274.00 0.00 -125193480.00 0.00 0.00 735727.00 15655370.00 funde
erseas method ent
Health d
stock investm
care
ent
Held-
Dome for- Self-
stic/ov Fair value
002841.SZ CVTE 299999939.00 202717029.00 -71898981.00 0.00 0.00 0.00 -68133477.00 130818048.00 trading funde
erseas method
stock financia
d
l assets
Dome
Held- Self-
stic/ov ASE Fair value
688720.SH 29999976.00 58484187.00 -15094995.00 0.00 0.00 0.00 -14934453.00 43389192.00 for- funde
erseas M method
stock trading
d
20BOE Technology Group Co. Ltd. Interim Report 2024
financia
l assets
Other securities investments
0.00--0.000.000.000.000.000.000.00----
held at the period-end
Total 681093568.00 -- 430556584.00 -86993976.00 -174317829.00 0.00 0.00 -72059781.00 350983064.00 -- --
(2) Investments in Derivative Financial Instruments
□ Applicable □ Not applicable
No such cases in the Reporting Period.
5. Use of Funds Raised
□ Applicable □ Not applicable
(1) Overall Usage of Funds Raised
□ Applicable □ Not applicable
Unit: RMB’0000
Proportion
The usage
Accumulative of Amount of
Total funds Total funds and
Total funds Accumulative funds with accumulative Total unused funds raised
Year Way of raising Net proceeds used in the with usage destination
raised funds used usage funds with funds idle for over
Current Period changed of unused
changed usage two years
funds
changed
Renewable
2022 200000 198888 0 200000 0 0 0.00% 0 N/A 0
corporate bonds
Total -- 200000 198888 0 200000 0 0 0.00% 0 -- 0
Explanation of overall usage of funds raised
The Company raised RMB2000000000 from the above-mentioned offering of renewable corporate bonds during 2022 and the net proceeds exclusive of issuance costs were RMB1988880000 which
would be used for capital increase to subsidiary and replenishing the working capital. The raised funds have been used up conforming to the provisions of the prospectus.
21BOE Technology Group Co. Ltd. Interim Report 2024
(2) Commitment Projects of Fund Raised
□ Applicable □ Not applicable
Unit: RMB’0000
Whether
Changed or Accumulative Investment Date of
Investment Realized Whether occurred
not Committed Investment investment schedule as reaching
Committed investment project and super amount in the income in the reached significant
(including investment amount after amount as of the period- intended
raise fund arrangement Reporting Reporting anticipated changes in
partial amount adjustment (1) the period- end (3)＝ use of the
Period Period income project
changes) end (2) (2)/(1) project
feasibility
Committed investment project
Capital increase to Chengdu BOE
Not 100000 100000 0 100000 100.00% - 0 N/A Not
Optoelectronics Technology Co. Ltd.Capital increase to Chongqing BOE
Not 90000 90000 0 90000 100.00% - 0 N/A Not
Display Technology Co. Ltd.Supplementing working capital Not 10000 8888 0 8888 100.00% - 0 N/A Not
Subtotal of committed investment project -- 200000 198888 0 198888 -- -- 0 -- --
Super raised funds arrangement
N/A - - - - - - - - - -
Total -- 200000 198888 0 198888 -- -- 0 -- --
Describe project by project any failure to
meet the schedule or anticipated income as
All raised funds for the committed investment project (22BOEY1) have been used up. As a result the Company's main business will be developed and its
well as the reasons (including reasons for
competitiveness will be enhanced. The input of “N/A” in the “anticipated income” is because these projects do not directly generate economic benefits.inputting “N/A” for “Whether reachedanticipated income”)
Notes of condition of significant changes
N/A
occurred in project feasibility
Amount usage and schedule of super raise
N/A
fund
Changes in implementation address of
N/A
investment project
Adjustment of implementation mode of
N/A
investment project
Applicable
22BOE Technology Group Co. Ltd. Interim Report 2024
Advance investments in projects financed
As at 30 June 2024 the funds raised through Phase I of renewable corporate bonds of 2022 were used to swap with advance project investments of RMB1.9
with raised funds and swaps of such
billion of which RMB1 billion was swapped with the advance investment in Chengdu BOE Optoelectronics Technology Co. Ltd. with equity funds and the
advance investments with subsequent raised
remaining RMB0.9 billion was swapped with the advance investment in Chongqing BOE Display Technology Co. Ltd. with equity funds.funds
Idle fund supplementing the current capital
N/A
temporarily
Applicable
Amount of surplus in project
As at 30 June 2024 the funds raised through the perpetual bonds have been used up with a balance of RMB3.1 thousand in the raised funds account which was
implementation and the reasons
the interest income generated during the deposit period.Usage and destination of unused funds There is a balance of RMB3.1 thousand in the account of the funds raised through the perpetual bonds which will be used to pay the interest for the bonds.Problems incurred in fund using and
N/A
disclosure or other 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
23BOE Technology Group Co. Ltd. Interim Report 2024
Unit: RMB
Relationship
Name with the Principal activities
Registered
Total assets Net assets Operating revenue Operating profit Net profit
capital
Company
R&D Production and sales of
Chongqing BOE semi-conductor display device
Optoelectronics complete machine and relevant
Subsidiary 3845200000 42203913322.00 31576307682.00 7902857015.00 1622437804.00 1358782245.00
Technology Co. products; import and export
Ltd. business and technology
consulting of goods.Hefei Xinsheng Investment construction R&D
Optoelectronics Production and sales of relevant
Subsidiary 9750000000 27782113524.00 16345465054.00 10276375014.00 643581014.00 551251954.00
Technology Co. products of TFT-LCD and its
Ltd. matching products.Hefei BOE Investment construction R&D
Optoelectronics Production and sales of relevant
Subsidiary 2700000000 16406967505.00 10854825971.00 2580562221.00 530500936.00 452899545.00
Technology Co. products of TFT-LCD and its
Ltd. matching 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
Chongqing BOE Jingyuan Technology Co. Ltd. Incorporated with investment No significant effects
BOE Video (Vietnam) Co. Ltd. Incorporated with investment No significant effects
Zhuhai BOE Jingxin Technology Co. Ltd. Incorporated with investment No significant effects
BOE HC Jingtu Technology (Zhejiang) Co. Ltd. Incorporated with investment No significant effects
Hefei BOE Ruishi Technology Co. Ltd. Incorporated with investment No significant effects
Qingdao BOE Energy Technology Co. Ltd. Incorporated with investment No significant effects
Hefei BOE Solar Technology Co. Ltd. Incorporated with investment No significant effects
Yunnan BOE Smart Technology Co. Ltd. De-registered No significant effects
BOE Education Technology Co. Ltd. De-registered No significant effects
Beijing Dongfang Hengtong Technology Development Co.De-registered No significant effects
Ltd.Information about major majority- and minority-owned subsidiaries:
N/A
24BOE Technology Group Co. Ltd. Interim Report 2024
IX Structured Bodies Controlled by the Company
□ Applicable □ Not applicable
X Risks Facing the Company and Countermeasures
In the first half of 2024 the global economy is slowly recovering amidst imbalances with distinct regional economic growth
differentiations. The industrial chain structure continues to adjust and the global landscape is characterized by a mix of turbulence
transformation and recovery. The semiconductor display industry has experienced fluctuating supply-demand dynamics intense brand
competition leading to ongoing price erosion at the end-user level and further compression of profit margins along the industry chain.In the face of a market environment where opportunities and challenges co-exist the Company adheres to innovation-driven
development strategy maintaining high levels of investment in research and development to strengthen its core competitive advantages.Guided by the strategy of "Empower IoT with Display" the Company is expanding globally focusing on strategic customers both
domestically and internationally and deepening its presence in the IoT niche markets. Simultaneously efforts are being made to
enhance industrial resilience and steadily build a secure and healthy supply chain support system. In terms of internal management the
Company continues to cultivate high-level lean management capabilities and consistently rallies around a firm core corporate spirit to
comprehensively address external environmental impacts.XI 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. Pursue the “Core Business Focus and Premium Growth Strategy”
BOE specializes in crafting intelligent interface products and expert services that support information exchange and human wellness
drawing from extensive know-how and exploration experience in semiconductor display and IoT sectors. It has innovatively devised
the “Empower IoT with Display” strategy custom-fit for its IoT development giving birth to the “1+4+N+Ecosystem” business model.“1” refers to the semiconductor display business where the Company solidifies its dominance and maintains a commanding lead. The
Company's LCD shipments remained globally dominant and a number of products have been launched for the first time worldwide.“4” highlights the high-potential IoT-focused sectors witnessing numerous development outcomes and steady improvement in
operational quality. Meanwhile “N” represents the array of specialized niche market segments where the Company diligently
penetrates and crafts distinctive “specialised sophisticated distinctive and innovative” models.Moving forward the Company will adhere to the strategy of “Empower IoT with Display” build a diverse product portfolio and serve
customers across the globe with better products and services. Based on the business development architecture of “1+4+N+Ecosystem”
it will remain steadfast in its principal operations maximize resource recycling and drive high-quality business growth to increase the
value of the industrial chain and enable excellent shareholder returns.
2. Uphold “Innovation as the Prime Mover”
The Company consistently prioritizes technology and innovation consistently dedicating approximately 7% of its annual revenue to
R&D with 1.5% allocated specifically to fundamental and frontier tech exploration. As a result it has emerged as a global front-runner
in semiconductor display R&D investment establishing a firm groundwork for industry-leading innovation and technological
25BOE Technology Group Co. Ltd. Interim Report 2024
superiority. Moreover the Company persistently reinforces its portfolio of high-quality patents. In the first half of the year it filed over
40000 new patent applications with more than 90% of the filings being invention patents. More than 30% of these patents were filed
internationally covering the U.S. Europe Japan South Korea and other territories across diverse sectors such as flexible OLED
sensing AI big data etc. The Company's technological innovation prowess has been repeatedly recognized entering the global TOP20
in the IFI U.S. patent authorization ranking for six consecutive years and the global TOP10 in WIPO's global PCT patent application
for eight consecutive years. In 2024 it ranked 12th in the first-ever released Top 100 Global Innovators by Clarivate Analytics further
demonstrating its innovation strength and technological leadership as an industry leader.Moreover to maintain its technological edge the Company has built a technology architecture of “Empower IoT with Display” that is
suitable for the development of its IoT including device layer terminal layer platform layer and application layer. With a systematictechnological innovation capability that integrates software and hardware provides key support for the value extension of its “device- terminal - scenario”. Furthermore it proactively constructs three core technology pillars—semiconductor display IoT innovation
and sensor devices—and collaborates with partners on key research to accelerate high-quality development.In the future the Company will persistently uphold “innovation as the primary driver” ensuring targeted resource investments in key
sectors. It will further intensify collaboration among industry academia and research institutions to facilitate tackling core technologies
thereby steadily enhancing its own technological competitiveness and strengthening technology leadership across the industry.
3. Maintain “Ethical and Top-Quality Corporate Governance”
To enhance the Company's fundamental corporate governance system the Company revised its Articles of Association and its annexes
the Independent Director System the Composition and Rules of Procedure of the Risk Control and Audit Committee of the Board of
Directors and other seven governance systems in 2024 in accordance with the latest legal requirements and normative documents.Additionally the Methods for the Administration of Appointment of CPA Firm was added. The Company has been continuously
developing its corporate governance system establishing a robust corporate governance framework and enhancing operational
compliance levels.To further implement the requirements of independent director reforms the Company actively supports independent directors in
carrying out their duties. This is achieved through activities such as conducting on-site visits to production lines participating in
performance briefings and engaging with small and medium shareholders communicating with the heads of internal audit agencies
during the annual report period and interacting with the accounting firms handling the Company's audit services. Additionally
involvement in preliminary discussions on significant projects is undertaken. These efforts aim to fully leverage the role of independent
directors to safeguard the legitimate rights and interests of small investors.The Company will abide by the principles of “integrity standardisation transparency and responsibility” regulate itself and
continuously improve the level of governance to robustly safeguard shareholders’ rights and interests. The management commits to
boosting operational and managerial proficiency continuously enhancing the Company’s core competitiveness profitability and
overall risk management capacity aiming to reward investors and drive the Company’s high-quality growth.
4. Conduct transparent and efficient information disclosure
So far the Company has achieved eight 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. Having published a social
responsibility report (sustainability report) for 14 straight years 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. Over the period 2015-2023 it has distributed cash dividends for nine consecutive years totaling over RMB20 billion
26BOE Technology Group Co. Ltd. Interim Report 2024
maintaining an annual cash dividend payout ratio above 30% of the parent company’s net profits since 2018. This ensures investors
benefit from the Company’s growth achievements.In the first half of 2024 the Company implemented the 2023 final dividend payout of approximately RMB1.13 billion in cash
representing 44.34% of the net profits attributable to the parent company in the consolidated financial statements.Furthermore between 2020 and 2022 the Company conducted share repurchases for three straight years spending over RMB4.6
billion cumulatively on A-share repurchases and nearly HKD1 billion on B-share repurchases. In 2023 the Company retired around
500 million repurchased shares reducing its registered capital to heighten earnings per share.
In the first half of 2024 the Company persisted in a proactive professional and diverse approach to investor relations management.For institutional investors it maintains close ties with the market through institutional investor visits securities firms’ investment
conferences reverse roadshows for institutional investors and 2024 BOE Investor Day among other means. For small and medium-
sized investors the Company capitalizes on various platforms including Shareholders’ General 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.
27BOE Technology Group Co. Ltd. Interim Report 2024
Part IV Corporate Governance
I Annual and Extraordinary General Meeting Convened during the Reporting Period
1. General Meetings Convened during the Reporting Period
Investor
Meeting Type participation Convened date Disclosure date Meeting resolutions
ratio
The following reports and proposals
were deliberated and approved i.e.Report on the Work of the Board of
Directors for 2023 Report on the Work
of the Supervisory Committee for 2023
Full Annual Report and Summary for
2023 Financial Final Report for 2023
and Business Plan for 2024 Proposal
for the Distribution of Profits for 2023
Proposal for Investment in Structured
Deposits and Other Capital Protected
Instruments Proposal on Borrowing
The 2023
Annual and Credit Line Proposal on the
Annual
General 29.45% 26 April 2024 27 April 2024 Appointment of an Audit Agency for
General
Meeting 2024 Proposal on Repurchase and
Meeting
Deregistration of Some Restricted
Shares Proposal on Changing the
Registered Capital of the Company and
Amending the Articles of Association
and Other Systems Proposal on
Adjusting the Allowances for
Independent Directors Proposal on
Amending the Rules of Procedure of
the Supervisory Committee and
Proposal on Electing Non-Independent
Directors for the Tenth Board of
Directors
2. Extraordinary General Meetings Convened at the Request of Preference Shareholders with Resumed
Voting Rights
□ Applicable □ Not applicable
II Change of Directors Supervisors and Senior Management
□ Applicable □ Not applicable
Name Office title Type of change Date of change Reason for change
Pan Jinfeng Director Resignation 23 January 2024 Voluntary resignation
Liu Xiaodong Director Resignation 12 March 2024 Voluntary resignation
Sun Yun Director Resignation 12 March 2024 Voluntary resignation
Feng Qiang Director Elected 26 April 2024 Elected
Zhu Baocheng Director Elected 26 April 2024 Elected
28BOE Technology Group Co. Ltd. Interim Report 2024
Wang Xiping Director Elected 26 April 2024 Elected
Sun Fuqing Supervisor Resignation 12 June 2024 Voluntary resignation
Zhu Baocheng Director Resignation 8 July 2024 Voluntary resignation
Song Ligong Supervisor Elected 24 July 2024 Elected
Liu Xiaodong Senior management Dismissed 24 July 2024 Job change
Liu Zhiqiang Senior management Appointed 24 July 2024 Appointed
III Interim Dividend Plan
□ Applicable □ Not applicable
The Company has no interim dividend plan either in the form of cash or stock.IV Equity Incentive Plans Employee Stock Ownership Plans or Other Incentive Measures for
Employees
□ Applicable □ Not applicable
1. Equity Incentives
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 First Grant of Stock Options and Restricted Shares
to Incentive Objects at the 20th Meeting of the 9th Board of Directors and the 8th Meeting of the 9th Supervisory Committee the
Company disclosed the Announcement on Completion of Registration of the First Grant of the 2020 Stock Option and Restricted Stock
Incentive Scheme (Announcement No. 2020-086) on 30 December 2020. Following the approval of the Proposal on the Awarding of
Reserved Stock Options to Incentive Objects at the 31st Meeting of the 9th Board of Directors and the 13th Meeting of the 9th
Supervisory Committee the Company disclosed the Announcement on Completion of Registration of the Reserved and Granted Stock
Option of the 2020 Stock Option and Restricted Stock Incentive Scheme (Announcement No.: 2021-084) on 23 October 2021.The Company disclosed the Announcement on the Achievement of Lifting the Restriction Conditions in the Second Lifting Restriction
Period for Restricted Stocks Granted by the 2020 Stock Option and Restricted Stock Incentive Scheme and on the Satisfaction of the
Exercise Conditions of the First Exercise Schedule of the Second Granted Stock Option (Announcement No.: 2024-015) on 2 April
2024. The lifting of the restriction conditions in the second lifting restriction period for restricted stocks granted by the 2020 Stock
Option and Restricted Stock Incentive Scheme of the Company has been achieved and the first exercise schedule of the second granted
stock option has satisfied the exercise conditions. A total of 716 awardees met the conditions for the lifting of the restrictions resulting
in a total of 95859475 shares of restricted stock that could be lifted. A total of 1718 awardees were eligible for stock option exercise
resulting in a total of 168428195 shares of stock options available for exercise. The Company disclosed the Announcement on the
Repurchase and Write-off of Certain Restricted Stocks (Announcement No.: 2024-016) and the Announcement on the Write-off of
Certain Stock Options (Announcement No.: 2024-017) on 2 April 2024 in which the Company intends to repurchase and cancel
2547779 restricted shares and 186818174 shares of stock option that have been granted to incentive objects but have not been
exercised by them since some incentive objects resigned died retired and failed to meet the performance appraisal goals for personal
reasons. Moreover the above-mentioned matters regarding the repurchase and cancelation of restricted stocks were deliberated and
approved in the Annual General Meeting of Shareholders of 2023 held on 26 April 2024. The Company disclosed the Reminder
Announcement on Release and Circulation of Restricted Shares Granted under the 2020 Stock Option and Restricted Stock Incentive
Scheme in the Second Release Period (Announcement No.: 2024-021) on 10 April 2024. The total number of incentive targets who
meet the conditions for releasing the restricted shares is 716 and the number of restricted shares that can be released is 95859475
29BOE Technology Group Co. Ltd. Interim Report 2024
shares accounting for 0.2546% of the total share capital of the Company at present. The listing date for the lifted restricted stocks is
11 April 2024. The Company disclosed the Announcement on Adjustment of the Exercise Price of the Stock Option and the Restricted
Share Repurchase Price in the 2020 Stock Option and Restricted Stock Incentive Scheme of the Company (Announcement No.: 2024-
047) on 28 August 2024. Since the equity distribution of the Company for 2023 has been completed the restricted stock repurchase
price involved in this incentive scheme is adjusted from RMB2.349/share to RMB2.319/share the exercise price of the first grant of
the stock option is adjusted from RMB5.059/share to RMB5.029/share and the exercise price of the reserved and granted stock option
is adjusted from RMB5.559/share to RMB5.529/share. The Company disclosed the Announcement on the Achievement of the
Exercise Conditions for the Second Exercise Period of the Stock Options Reserved for Grant under the 2020 Stock Option and
Restricted Stock Incentive Plan (Announcement No. 2024-048) on 28 August 2024 and the conditions for the exercise of the second
exercise period of the stock options reserved for grant under the 2020 Stock Option and Restricted Stock Incentive Plan of the Company
were met and a total of 83 incentive recipients who met the conditions for the exercise of options were eligible to exercise the options
this time. The total number of incentive recipients meeting the conditions for the exercise of options is 83 and the number of stock
options exercisable is 8116020.
2. Implementation of Employee Stock Ownership Plans
□ Applicable □ Not applicable
3. Other Incentive Measures for Employees
□ Applicable □ Not applicable
30BOE Technology Group Co. Ltd. Interim Report 2024
Part V Environmental and Social Responsibility
I Major Environmental Issues
Indicate by tick mark whether the Company or any of its subsidiaries is a heavily polluting business identified by the environmental
protection authorities of China.□Yes □ No
Policies and industry standards pertaining to environmental protection
With the establishment of an integrated environment management system based on ISO 14001 the Company strictly complies with
the laws and regulations such as the Environmental Protection Law of the People's Republic of China Water Pollution Prevention and
Control Law Air Pollution Prevention and Control Law and Law on the Prevention and Control of Environmental Pollution by Solid
Waste. The green environment management system was built in combination with the requirements of a series of management systems
such as ISO 9001 QC 080000 ISO 14001 and ISO 50001.Environmental protection administrative license
Corresponding environmental impact assessments have been conducted for all construction projects under the control of the Company
in conformity with applicable national and local laws and regulations and corresponding administrative licenses have also been
obtained.The regulations for industrial emissions and the particular requirements for controlling pollutant emissions
those are associated with production and operational activities.Type
Name of Numb
of Distribu Discharge Exceer of Discharge Approved
Name of major Way of tion of standards Total ssive
major discha concentration/in total
polluter pollutan discharge discharg implemente discharge disch
pollut rge tensity discharge
ts e outlets d arge
ants outlets
COD Standard 37.20mg/L 500 mg/L 44.357t 828.42t
Beijing BOE emission
Waste Northwe
Optoelectroni after being
water Ammon st corner
cs treated by 1 None
pollut ia of 1.76 mg/L 45 mg/L 2.318t 59.17t
Technology sewage
ant nitrogen factory
Co. Ltd. treatment
system
The 4.5th COD 149.32mg/l 500mg/l 69.68t 564.14t
generation
TFT-LCD Standard
production emission
Waste
line of after being North
water Ammon
Chengdu treated by 1 side of None
pollut ia 8.86mg/l 45mg/L 3.73t 50.77t
BOE sewage factory
ant nitrogen
Optoelectroni treatment
cs system
Technology
Co. Ltd.COD Standard 26.91mg/L 380mg/L 40.93t 1081.55t
Hefei BOE
Waste emission Northwe
Optoelectroni
water Ammon after being st corner
cs 1 None
pollut ia treated by of 0.51mg/L 30mg/L 0.78t 101.23t
Technology
ant nitrogen sewage factory
Co. Ltd.treatment
31BOE Technology Group Co. Ltd. Interim Report 2024
system
COD 1 97.4mg/L 500mg/l 227.53t 1570.32t
(mai
n
East
Ammon wast
gate of
ia Standard e 13.93mg/L 45mg/l 30.54t 183.20t
factory
Waste nitrogen emission water
Beijing BOE
water after being outle
Display
pollut treated by t) None
Technology
ant COD sewage 1(S2 79.82mg/L 500mg/l 7.72t 80.76t
Co. Ltd.treatment domes
South
system tic
Ammon gate of
sewag
ia dormitor 29.77mg/L 45mg/l 2.92t 6.06t
e
nitrogen y area
outlet
II)
Standard
Hefei COD 111.34mg/L 350mg/L 299.08t 3135.04t
Xinsheng Waste
emission
Northea
after being
Optoelectroni water Ammon st gate
treated by 1 None
cs pollut ia of sewage 14.00mg/L 35mg/L 37.27t 313.50t
Technology ant nitrogen factory treatment
Co. Ltd.system
COD Standard 20.54mg/L 500mg/L 12.58t 713.81t
emission
Erdos Waste after being North
Yuansheng water Ammon
treated by 1 side of None
Optoelectroni pollut ia 0.89mg/L 45mg/L 0.55t 76.82t
cs Co. Ltd. sewage factory ant nitrogen
treatment
system
The 6th COD 23.00mg/L 500mg/L 52.48t 6383.16t
generation
flexible
Standard
AMOLED
emission
production Waste
after being North
line of water Ammon
treated by 1 side of None
Chengdu pollut ia sewage 9.52mg/L 45mg/L 17.20t 574.48t
BOE factory ant nitrogen treatment
Optoelectroni
system
cs
Technology
Co. Ltd.COD Standard 49.53 mg/L 400mg/L 98.54t 1900.24t
Chongqing emission
BOE Waste after being South
Optoelectroni water Ammon
treated by 1 side of None
cs pollut ia 4.56mg/L 30mg/L 10.66t 146.17t
Technology sewage factory ant nitrogen
Co. Ltd. treatment
system
COD Standard 78mg/L 350mg/L 362.98t 4759.56t
emission
Hefei BOE Waste after being North
Display water Ammon
treated by 1 side of None
Technology pollut ia 15.1mg/L 35mg/L 71.71t 416.46t
Co. Ltd. sewage factory ant nitrogen
treatment
system
Fuzhou BOE Waste COD Standard Northea 13.47mg/l 500mg/L 32.41t 297.50t
Optoelectroni
water Ammon emission st area
cs 1 None
Technology pollut ia after being of 0.51mg/l 45mg/L 1.24t 29.75t
Co. Ltd. ant nitrogen treated by factory
32BOE Technology Group Co. Ltd. Interim Report 2024
sewage
treatment
system
COD Standard 39.55mg/l 500mg/L 41.12t 4326.12t
Mianyang emission
BOE Waste after being North
Optoelectroni water Ammon
treated by 1 side of None
cs pollut ia 2.75mg/l 45mg/L 2.03t 262.00t
Technology sewage factory ant nitrogen
Co. Ltd. treatment
system
COD Standard 36.722mg/L 400mg/L 50.418t 4171.2t
emission
Chongqing Waste
after being North
BOE Display water Ammon
treated by 1 side of None
Technology pollut ia 3.035mg/L 35mg/L 4.033t 398.4t
sewage factory
Co. Ltd. ant nitrogen
treatment
system
COD Standard 19.087mg/L 500mg/L 100.30t 488.6t
Wuhan BOE emission Waste Northea
Optoelectroni after being
water Ammon st corner
cs treated by 1 None
Technology pollut ia of 0.061mg/L 45mg/L 0.32t 24.45t sewage
Co. Ltd. ant nitrogen factory treatment
system
COD Standard 59.96mg/L 500mg/L 118.79t 1903.99t
emission
Nanjing BOE Waste after being South
Display water Ammon
treated by 1 side of None
Technology pollut ia 3.85mg/L 45mg/L 7.94t 171.37t
Co. Ltd. sewage factory ant nitrogen
treatment
system
COD Standard 234.12mg/L 500mg/L 809.99t 4310.1t
emission
Chengdu Waste Northea
after being
BOE Display water Ammon st corner
treated by 1 None
Sci-tech Co. pollut ia of 7.34mg/L 45mg/L 25.39t 148.8t
sewage
Ltd. ant nitrogen factory
treatment
system
Industrial
and
COD 229mg/L 500mg/L 6.213t
domestic
sewage
upon
treatment
is
Standard
Yunnan discharged emission
Chuangshijie Waste Northwe to the
after being
Optoelectroni water st corner industrial
treated by 1 None
cs pollut of sewage
Technology Ammon sewage ant factory plant of
Co. Ltd. ia treatment 5.8mg/L 45mg/L 0.16t
Linkong
nitrogen system
Industrial
Park in
Dianzhon
g New
Zone
Kunming
Yunnan
33BOE Technology Group Co. Ltd. Interim Report 2024
Province
and
included
in the total
discharge
of the
sewage
plant.Treatment of pollutants
The waste water which is generated by each subordinate subsidiary of the Company can be divided in to industrial waste water and
household waste water. Rain water-waste water shunting system is adopted for drainage system to drain water separately according to
different natures. After collecting the rain water is discharged into rain water pipeline of factory; after the rain water is collected by
rain water pipe network the rain water is discharged. After being treated by sewage treatment system in factory industrial waste water
is discharged into sewage treatment factory through municipal pipe network for intense treatment. Household waste water comprises
household fecal waste water and canteen oily waste water etc after pretreatment the waste water is discharged into municipal sewage
treatment factory. All industrial and household waste water is not discharged directly and the concentration and total amount of
drainage satisfy the requirements of national and local relevant standards.The exhaust gas which is emitted by each subordinate subsidiary mainly comes from technology exhaust gas during production process
generally including acid exhaust gas alkaline exhaust gas special exhaust gas and organic exhaust gas etc. Various exhaust gas can be
emitted after being treated by independent emission treatment system. The emission concentration and total amount satisfy the national
and local relevant standards.The waste materials which are generated by each subordinate subsidiary can be divided into general industrial solid waste hazardous
waste materials and household waste materials and they all handed over to qualified recycler for regular treatment. The disposal rate
of hazardous waste materials is 100%.Contingency Plan for Emergent Environmental Incidents
Every subsidiary of the Company has formulated updated and filed corresponding contingency plan for emergent environmental
incidents in local environmental protection departments according to their requirements. However such contingency plan consists of
comprehensive plan special plan and on-site disposal plan and involves various aspects such as waste water exhaust gas hazardous
wastes and dangerous chemicals etc. Meanwhile drills must be conducted regularly.Input in environment governance and protection and payment of environmental protection tax
The Company unremittingly advocates and practices the idea of sustainable environmental development. By continuously increasing
investment in environmental governance and protection and improving the production and operation processes regarding
environmental impacts the Company effectively minimized the impact of operation on the environment. Subsidiaries of the Company
that emit taxable pollutants to the environment shall strictly comply with the requirements of the Environmental Protection Tax Law
of the People's Republic of China and the local government and pay the environmental protection taxes.Self-monitoring Plan
Currently major pollutant-discharging units subordinated to the Company have worked out corresponding self-monitoring plan
according to relevant requirements put forward by the local environmental protection agency. The self-monitoring plans respectively
formulated by Beijing BOE Display Technology Co. Ltd. and Beijing BOE Optoelectronics Technology Co. Ltd. have been published
via Beijing Environmental Information Disclosure Platform for Enterprises and Institutions and the Company’s official website.Administrative penalties imposed for environmental issues during the Reporting Period
Influence on
Rectification
Name Reason Case Result production and
measures
operation
N/A N/A N/A N/A N/A N/A
Other environment information that should be disclosed
No
34BOE Technology Group Co. Ltd. Interim Report 2024
Measures taken to decrease carbon emission in the Reporting Period and corresponding effects
□ Applicable □ Not applicable
Thanks to the tireless efforts for solidifying the foundation over the past two years BOE has continuously improved the carbon emission
management system. The Company has entered the second phase of the double carbon strategy which involves implementing measures
to peak carbon emissions and developing a path towards carbon neutrality. Based on industrial layout future development plans and
a systematic analysis of its own greenhouse gas emission characteristics we have established double carbon goals using a scientific
decision-making mechanism committing to achieving carbon neutrality in our operations by 2050. To ensure the smooth
implementation of this long-term goal we are integrating green development into various dimensions of the Company including
operations production management and supply chain management. We are consistently pushing for industrial green transformation
aiming to build an environmentally friendly resource-saving and sustainable development system.At the operational level we have completed the establishment of a carbon emission management system set up a carbon inventory
mechanism conduct regular carbon inventories annually to assess our carbon emissions establish a carbon emission database and
provide support for predicting trends in carbon emissions. Meanwhile we are piloting internal carbon emission management
performance assessments to strengthen the responsibility mechanism for advancing the double carbon strategy. We are also driving the
development construction and deployment of a carbon footprint management platform for device products. Additionally we are
facilitating the participation of three pilot factories in the Science-Based Targets initiative (SBTi) committing to scientifically set
carbon reduction goals aiming to limit the global average temperature rise to below 1.5°C compared to pre-industrial levels.In terms of developing low-carbon products we are advancing the design and development of low-power consumption for pilot
products including the research and development of products like electronic price tags. In terms of product carbon footprint
certification we are exploring methods for calculating product carbon footprints completing the certification for pilot product carbon
footprints and progressing towards PAS2060 certification for pilot products.In terms of green recycling we follow the 4R principles (Recycle Reduce Renew Responsibly) to promote the recycling of energy
and resources waste utilization increase comprehensive utilization rates of bulk solid waste raise the proportion of household waste
recycling and drive three factories to achieve UL2799 (Zero Waste to Landfill).In terms of green manufacturing we are continually promoting the declaration of green factories pushing for energy conservation and
emission reduction on the power side implementing technological improvements on the process side increasing the proportion of
renewable energy applications and promoting a clean and low-carbon energy structure to reduce greenhouse gas emissions from the
source.Meanwhile in order to cope with the challenges and opportunities brought by carbon trading subsidiaries in Beijing actively conducted
carbon emission trading and accumulated carbon trading experience to assist the Company in achieving its goals of carbon emission
peak and carbon neutrality.Other related environment protection information
The Company fully considers design for recycling universal design and minimal design of products in the product design stage adheres
to the green management concept of the full life cycle of products and follows the principles of minimizing energy and resource
consumption minimizing the impact on the ecological environment and maximizing the recyclability.In order to reduce the impact of the logistics transportation process on the environment the Company and its partners constantly
improve the transportation management system carry out reasonable layout and planning of transportation stations and routes improve
the delivery efficiency and reduce greenhouse gas emissions.
35BOE Technology Group Co. Ltd. Interim Report 2024
II Social Responsibility
BOE has always adhered to the sustainable development concept of Green+ Innovation+ and Community+ collaborating with global
partners to construct an industrial value innovation ecosystem that is "Powered by BOE".Leveraging its industrial advantages BOE uses green technology to drive symbiotic development and actively supports public welfare
through practical actions fulfilling its commitment to sustainable social development. In the first half of 2024 BOE's subsidiaries
Hefei BOE Optoelectronics Technology Co. Ltd. Hefei Xinsheng Optoelectronics Technology Co. Ltd. and Fuzhou BOE
Optoelectronics Technology Co. Ltd. successfully obtained UL 2799 (Zero Waste to Landfill). With these certifications six factories
under BOE have achieved UL 2799 Platinum-level certification marking a significant step forward in green resource recycling
management. BOE consistently focuses on the development of education in remote areas upgrading the "Lighting the Way to Growth"
education charity project in collaboration with multiple partners. The Company is exploring a new path of "Technology + Education"continuously building smart classrooms partnering with the Palace Museum to launch the “100 Traditional Culture Public WelfareLessons in the Palace” scheme and innovatively creating "Smart Spaces" for educational activities. As of June 2024 the "100
Traditional Culture Public Welfare Lessons in the Palace" have conducted over 400 classes in schools supported by BOE's "Lighting
the Way to Growth" project reaching over 20000 individuals. Simultaneously the "Smart Spaces" educational activities have led
students and teachers from surrounding schools to visit BOE's technology exhibition halls and participate in science popularization
salons emphasizing the importance of intellectual property rights and technological innovation capabilities while reinforcing the
confidence and mission of the new generation in building a modern strong nation.Furthermore BOE continues to implement the national rural revitalization strategy developing this year's rural revitalization plan. In
terms of assistance in income generation BOE is deepening its employment and industry support in Inner Mongolia not only absorbing
graduates from special families in supported areas to enhance local employment rates and promote balanced regional development but
also advancing local industries towards the high end of the value chain stabilizing photovoltaic projects achieving complementarity
between animal husbandry and solar power and empowering rapid economic development in the region. Additionally in Hebei
Province public welfare support is being provided with the construction of four reading corners for students. In comprehensive support
BOE is actively engaging in assistance activities in Dazhuangke Township further consolidating the achievements of rural
revitalization and contributing to high-quality development and improvement of people's livelihood in the region.In the future under the strategy of "Empower IoT with Display" BOE will actively build the industrial value innovation ecosystem
that is "Powered by BOE" with "Technology + Green" as the cornerstone of development. The Company will deeply integrate display
technology with IoT technology and digital technology making display technology more realistic high-end intelligent and green. At
the same time BOE will shoulder high social responsibilities closely integrating corporate development with national and social
progress contributing to high-quality economic and social development.
36BOE Technology Group Co. Ltd. Interim Report 2024
Part VI 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
In accordance with the
The
Announcement on the
Chairman of Commitments of not Reducing the
the Board: Shareholding by Some Directors
Mr. Chen Supervisors and Senior
Yanshun Management (No.: 2020-001)
Director: disclosed by the Company on 22
February 2020 some of the
Mr. Gao
Company’s directors supervisors
Wenbao and senior managers based on
Supervisor: their confidence in the Company’s
Mr. Xu future development and their
During the
Yangping recognition of the corporate value term as
Mr. Yan Jun promise not to reduce or transfer director
any shares held in BOE (A shares)
and Mr. Teng supervisor
not to entrust others to manage
Jiao or senior specific shares not to authorize
Other Senior manager others to execute their voting right
commitments and in six
Management: Other by means of any agreement trust 21 February
made to months after Ongoing
Ms. Sun Yun commitments or other arrangements and not to 2020 minority the
Ms. Feng require the Company to repurchase interests expiration
any specific shares during the
Liqiong and of the term
terms of office and within 6
Mr. Liu (the term months after their tenures expire
Hongfeng determined so as to promote the Company’s
when taking
Former continuous stable and healthy
office).Director: Mr. development and maintain the
Liu rights and interests of the
Company and all shareholders. For
Xiaodong
any newly-added shares derived
Former
from the assignment of rights and
Senior interests including the share
Management: donation and the reserved funds
Mr. Miao converted into share capital during
Chuanbin the period (corresponding to the
and Mr. Xie specific shares) they shall still
keep their promises till the
Zhongdong
commitment period expires.Executed on
Yes
time or not
Specific
reasons for
failing to
fulfill
commitments N/A
on time and
plans for
next step (if
any)
37BOE Technology Group Co. Ltd. Interim Report 2024
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 and the Supervisory Committee 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.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
72182.1 No N/A N/A N/A N/A N/A
cases
38BOE Technology Group Co. Ltd. Interim Report 2024
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.
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.
39BOE Technology Group Co. Ltd. Interim Report 2024
7. Other Major Related-Party Transactions
□ Applicable □ Not applicable
None
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-
2 April 2024 www.cninfo.com.cn
party Transactions for 2024
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.
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 Counter Having for a
date of the Line of Type of Collateral Term of
Obligor occurrence guarantee guarantee expired related
guarantee line guarantee guarantee guarantee
date amount (if any) or not party or
announcement (if any)
not
N/A
Guarantees provided by the Company as the parent for its subsidiaries
Guarantee
Disclosure
Actual Actual Counter Having for a
date of the Line of Type of Collateral Term of
Obligor occurrence guarantee guarantee expired related
guarantee line guarantee guarantee guarantee
date amount (if any)
announcement (if any)
or not party or
not
Ordos
2017-3-17
YuanSheng 30 November 15 March Joint-
553339 33182 N/A N/A to 2027-3- Not Not
Optoelectronics 2016 2017 liability
Co. Ltd. 17
40BOE Technology Group Co. Ltd. Interim Report 2024
Chengdu BOE
2017-9-6
Optoelectronics 30 August Joint-
24 April 2017 2291398 1168887 N/A N/A to 2029-9- Not Not
Technology 2017 liability
Co. Ltd. 5
The
secured
Hefei BOE party 2017-9-7
Display 30 November 30 August Joint- provides
1718630 129912 N/A to 2027-9- Not Not
Technology 2016 2017 liability a counter
Co. Ltd. 29 guarantee
for the
guarantor
Fuzhou BOE
8
Optoelectronics 9 December Joint-
1363702 November - N/A N/A - Yes Not
Technology 2015
2016 liability
Co. Ltd.The
secured
party
Mianyang BOE 18 2018-9-26
Joint- provides
Optoelectronics 18 May 2018 2127210 September 1296663 N/A to 2031-9- Not Not
Co. Ltd. 2018 liability a counter 26
guarantee
for the
guarantor
The
secured
Chongqing party 2020-12-
29
BOE Display Joint- provides 31 to
27 April 2020 2074065 December 1583970 N/A Not Not
Technology
2020 liability a counter 2033-12-
Co. Ltd. guarantee 31
for the
guarantor
The
secured
Wuhan BOE party 2019-8-23
Optoelectronics 25 March 16 August Joint- provides
2051203 1111919 N/A to 2032-8- Not Not
Technology 2019 2019 liability a counter
Co. Ltd. 23 guarantee
for the
guarantor
The
secured
Nanjing BOE party
Display 23 September 12 May Joint- provides
180000 - N/A - Yes Not
Technology 2020 2021 liability a counter
Co. Ltd. guarantee
for the
guarantor
The
secured
Nanjing BOE party
Display 23 September 12 May Joint- provides
120000 - N/A - Yes Not
Technology 2020 2021 liability a counter
Co. Ltd. guarantee
for the
guarantor
Chengdu BOE The 2020-6-15
15 June Joint-
Hospital Co. 27 April 2020 240000 162188 N/A secured to 2042-6- Not Not
2020 liability
Ltd. party 30
41BOE Technology Group Co. Ltd. Interim Report 2024
provides
a counter
guarantee
for the
guarantor
Total approved line for such Total actual amount of
guarantees in the Reporting 0 such guarantees in the 217538
Period (B1) Reporting Period (B2)
Total actual balance of
Total approved line for such
such guarantees at the
guarantees at the end of the 11055845 5486721
end of the Reporting
Reporting Period (B3)
Period (B4)
Guarantees provided between subsidiaries
Guarantee
Disclosure
Actual Actual Counter Having for a
date of the Line of Type of Collateral Term of
Obligor occurrence guarantee guarantee expired related
guarantee line guarantee guarantee guarantee
date amount (if any)
announcement (if any)
or not party or
not
Yaoguang New
302020-9-30
Energy Joint-
N/A 2462 September 2053 N/A N/A to 2034-9- Not Not
(Shouguang)
2020 liability
Co. Ltd. 30
Suzhou
Industrial Park 30 2020-9-30
Joint-
Taijing N/A 1915 September 1597 N/A N/A to 2034-9- Not Not
Photovoltaic 2020 liability 30
Co. Ltd.Qingmei Solar
Energy 30 2020-9-30
Joint-
Technology N/A 2257 September 1673 N/A N/A to 2034-9- Not Not
(Lishui) Co. 2020 liability 30
Ltd.Qinghong
Solar Energy 30
Joint-
Technology N/A 1163 September - N/A N/A - Yes Not
(Jinhua) Co. 2020 liability
Ltd.Qinghao Solar 2017-12-
Energy 18 Joint-
Equity 18 to
Technology N/A 609 December 260 liability N/A Not Not
(Jinhua) Co. 2017 interests 2032-12-pledge
Ltd. 18
Xiangqing 2017-12-
Solar Energy 18 Joint-
Equity 18 to
Technology N/A 2377 December 861 liability N/A Not Not
(Dongyang) 2017 interests 2032-12-pledge
Co. Ltd 18
Qingyue Solar 2017-12-
Energy 18 Joint-
Equity 18 to
Technology N/A 657 December 238 liability N/A Not Not
(Wuyi) Co. 2017 interests 2032-12-pledge
Ltd 18
Qingyou Solar 2017-12-
Energy 18 Joint-
Equity 18 to
Technology N/A 1512 December 652 liability N/A Not Not
(Longyou) Co. 2017 interests 2032-12-pledge
Ltd 18
Qingfan Solar 2017-12-
Energy 18 Joint-
Equity 18 to
Technology N/A 1269 December 459 liability N/A Not Not
(Quzhou) Co. 2017 interests 2032-12-pledge
Ltd 18
Guoji Energy 3 2020-12-3
Joint-
(Ningbo) Co. N/A 1231 December 939 N/A N/A to 2034- Not Not
Ltd. 2020 liability 12-3
42BOE Technology Group Co. Ltd. Interim Report 2024
Hongyang
Solar Energy 3 2020-12-3
Joint-
Power N/A 1710 December 1304 N/A N/A to 2034- Not Not
Generation 2020 liability 12-3
(Anji) Co. Ltd.
Ke’en Solar
Energy Power 3 2020-12-3
Joint-
Generation N/A 1094 December 834 N/A N/A to 2034- Not Not
(Pingyang) 2020 liability 12-3
Co. Ltd.Dongze
Photovoltaic
32020-12-3
Power Joint-
N/A 958 December 730 N/A N/A to 2034- Not Not
Generation
2020 liability
(Wenzhou) 12-3
Co. Ltd.Aifeisheng
Investment and 3 2020-12-3
Joint-
Management N/A 479 December 365 N/A N/A to 2034- Not Not
(Wenzhou) Co 2020 liability 12-3
Ltd.
2017-10-
BOE Energy 23
Charging 24 to
Technology N/A 8755 October 5996 Pledge N/A Not Not
right
2017 2032-10-Co. Ltd.
23
BOE Energy 2018-9-26
15 August Charging
Technology N/A 14063 5212 Pledge N/A to 2032- Not Not
2018 right
Co. Ltd. 12-21
BOE Energy 28 2017-12-1
Charging
Technology N/A 17386 November 12452 Pledge N/A to 2032- Not Not
right
Co. Ltd. 2017 12-1
Hefei BOE 2018-4-27
27 April Joint-
Hospital Co. 27 April 2018 130000 110480 N/A N/A to 2036-4- Not Not
2018 liability
Ltd. 27
The
secured
Beijing BOE party 2021-12-
29
Life Joint- provides 29 to
N/A 60000 December 27000 N/A Not Not
Technology 2021 liability a counter 2039-12-
Co. Ltd. guarantee 28
for the
guarantor
2023-3-23
The to the time
secured when all
BOE Vision- party orders
Electronic 30 March 23 March Joint- provides under the
213804 5470 N/A Not Not
Technology 2022 2023 liability a counter Purchase
Co. Ltd guarantee and Sales
for the Agreement
guarantor have been
completed
BOE HC
172022-2-18
SemiTek 27 January Joint-
46020 February 2209 N/A N/A -2028-2- Not Not
(Suzhou) Co. 2022 2022 liability 17
Ltd.BOE HC
2023-8-22
SemiTek 26 January 3 August Joint-
23010 2278 N/A N/A -2027-8- Not Not
(Suzhou) Co. 2021 2021 liability
21
Ltd.
43BOE Technology Group Co. Ltd. Interim Report 2024
BOE HC
152021-11-
SemiTek 30 September Joint-
34515 November 5625 N/A N/A 17 -2029- Not Not
(Suzhou) Co. 2021 2021 liability 9-25
Ltd.BOE HC
2024-3-15
SemiTek 27 January 10 May Joint-
46020 1151 N/A N/A -2028-3- Not Not
(Suzhou) Co. 2022 2022 liability
15
Ltd.BOE HC
17
SemiTek 21 January Joint-
46020 February - N/A N/A - Yes Not
(Suzhou) Co. 2023 2023 liability
Ltd.BOE HC
SemiTek 21 January 17 March Joint-
46020 - N/A N/A - Yes Not
(Suzhou) Co. 2023 2023 liability
Ltd.BOE HC
SemiTek 21 January 25 April Joint-
46020 - N/A N/A - Yes Not
(Suzhou) Co. 2023 2023 liability
Ltd.BOE HC
SemiTek 21 January 12 May Joint-
46020 - N/A N/A - Yes Not
(Suzhou) Co. 2023 2023 liability
Ltd.BOE HC
SemiTek 26 January 15 March Joint-
23010 - N/A N/A - Yes Not
(Suzhou) Co. 2021 2021 liability
Ltd.BOE HC
SemiTek 21 January 3 January Joint- 2024-1-5 -
46020 1104 N/A N/A Not Not
(Suzhou) Co. 2023 2024 liability 2028-1-5
Ltd.BOE HC
2024-2-23
SemiTek 21 January 3 January Joint-
46020 1151 N/A N/A -2028-1- Not Not
(Suzhou) Co. 2023 2024 liability
18
Ltd.BOE HC
2020-9-16
SemiTek 21 January 3 January Joint-
46020 1685 N/A N/A -2027-9- Not Not
(Suzhou) Co. 2023 2024 liability
16
Ltd.BOE HC
SemiTek 21 January 1 March Joint- 2024-3-4 -
46020 1151 N/A N/A Not Not
(Suzhou) Co. 2023 2024 liability 2027-3-1
Ltd.BOE HC
2024-3-25
SemiTek 21 January 22 March Joint-
46020 1804 N/A N/A -2028-3- Not Not
(Suzhou) Co. 2023 2024 liability
22
Ltd.BOE HC
2024-2-22
SemiTek 21 January 25 April Joint-
46020 1151 N/A N/A -2028-2- Not Not
(Suzhou) Co. 2023 2023 liability
21
Ltd.BOE HC
2024-5-22
SemiTek 22 May Joint-
2 April 2024 33365 2301 N/A N/A -2028-5- Not Not
(Suzhou) Co. 2024 liability
22
Ltd.
6 May
BOE HC 2 April 2024 33365 1151 Joint- N/A N/A 2024-5-10 Not Not
2024
44BOE Technology Group Co. Ltd. Interim Report 2024
SemiTek liability -2028-5-6
(Suzhou) Co.Ltd.Crystaland Co. 21 January 19 March Joint-
4602 - N/A N/A - Yes Not
Ltd. 2023 2023 liability
222024-3-26
Crystaland Co. 27 January Joint-
9204 November 505 N/A N/A -2027-12- Not Not
Ltd. 2022 2022 liability 28
BOE HC
SemiTek 21 January 3 March Joint-
52923 - N/A N/A - Yes Not
(Zhejiang) Co. 2023 2023 liability
Ltd.BOE HC
SemiTek 21 January 13 March Joint-
52923 - N/A N/A - Yes Not
(Zhejiang) Co. 2023 2023 liability
Ltd.BOE HC
SemiTek 26 January 7 January Joint-
46020 - N/A N/A - Yes Not
(Zhejiang) Co. 2021 2022 liability
Ltd.BOE HC
2
SemiTek 27 January Joint-
36816 December - N/A N/A - Yes Not
(Zhejiang) Co. 2022 2022 liability
Ltd.BOE HC
SemiTek 21 January 15 May Joint-
52923 - N/A N/A - Yes Not
(Zhejiang) Co. 2023 2023 liability
Ltd.BOE HC
SemiTek 21 January 16 June Joint-
52923 - N/A N/A - Yes Not
(Zhejiang) Co. 2023 2023 liability
Ltd.BOE HC
2024-1-29
SemiTek 21 January 3 March Joint-
52923 3440 N/A N/A -2029-1- Not Not
(Zhejiang) Co. 2023 2023 liability
25
Ltd.BOE HC
26
SemiTek 21 January Joint- 2023-7-11
52923 February 1473 N/A N/A Not Not
(Zhejiang) Co. 2023 2024 liability -2027-7-5
Ltd.BOE HC
262024-2-28
SemiTek 21 January Joint-
52923 February 1933 N/A N/A -2028-1- Not Not
(Zhejiang) Co. 2023 2024 liability 17
Ltd.BOE HC
SemiTek 5 June Joint- 2024-6-6 -
2 April 2024 31064 2301 N/A N/A Not Not
(Zhejiang) Co. 2024 liability 2028-6-4
Ltd.BOE HC
2024-6-19
SemiTek 5 June Joint-
2 April 2024 31064 1151 N/A N/A -2029-6- Not Not
(Zhejiang) Co. 2024 liability
19
Ltd.BOE HC
2024-2-28
SemiTek 21 January 13 March Joint-
52923 2589 N/A N/A -2027-2- Not Not
(Zhejiang) Co. 2023 2023 liability
28
Ltd.
21 January 13 March
BOE HC 52923 863 Joint- N/A N/A 2024-2-27 Not Not
20232023
45BOE Technology Group Co. Ltd. Interim Report 2024
SemiTek liability -2027-8-
(Zhejiang) Co. 27
Ltd.BOE HC
2023-3-28
SemiTek 21 January 28 March Joint-
52923 2278 N/A N/A -2029-3- Not Not
(Zhejiang) Co. 2023 2023 liability
27
Ltd.BOE HC
SemiTek 21 January 6 April Joint- 2023-4-6 -
52923 2278 N/A N/A Not Not
(Zhejiang) Co. 2023 2023 liability 2029-4-5
Ltd.BOE HC
2024-5-29
SemiTek 21 January 16 June Joint-
52923 2301 N/A N/A -2028-5- Not Not
(Zhejiang) Co. 2023 2023 liability
26
Ltd.BOE HC
2024-4-11
SemiTek 21 January 15 May Joint-
52923 1151 N/A N/A -2027-10- Not Not
(Zhejiang) Co. 2023 2023 liability
10
Ltd.BOE HC
2024-4-18
SemiTek 21 January 15 May Joint-
52923 690 N/A N/A -2027-10- Not Not
(Zhejiang) Co. 2023 2023 liability
17
Ltd.BOE HC
2023-4-28
SemiTek 11 March 26 April Joint-
12656 11368 N/A N/A -2030-4- Not Not
(Zhejiang) Co. 2023 2023 liability
23
Ltd.BOE HC
2022-10-
SemiTek 30 August Joint-
18 July 2022 31064 4240 N/A N/A 26 -2035- Not Not
(Zhejiang) Co. 2022 liability
Ltd.Total approved line for such Total actual amount of
guarantees in the Reporting 300000 such guarantees in the 49115
Period (C1) Reporting Period (C2)
Total actual balance of
Total approved line for such
such guarantees at the
guarantees at the end of the 1129672 239897
end of the Reporting
Reporting Period (C3)
Period (C4)
Total guarantee amount (total of the three kinds of guarantees above)
Total actual guarantee
Total guarantee line approved in
amount in the
the Reporting Period 300000 266653
Reporting Period
(A1+B1+C1)
(A2+B2+C2)
Total actual guarantee
Total approved guarantee line at
balance at the end of
the end of the Reporting Period 12185517 5726618
the Reporting Period
(A3+B3+C3)
(A4+B4+C4)
Total actual guarantee amount (A4+B4+C4) as % of the
43.77%
Company’s net assets
Of which:
Balance of guarantees provided for shareholders actual
0
controller and their related parties (D)
Balance of debt guarantees provided directly or indirectly
115950
for obligors with an over 70% debt/asset ratio (E)
Amount by which the total guarantee amount exceeds 50%
0
of the Company’s net assets (F)
Total of the three amounts above (D+E+F) 115950
Joint responsibilities possibly borne or already borne in the
N/A
Reporting Period for undue guarantees (if any)
46BOE Technology Group Co. Ltd. Interim Report 2024
Provision of external guarantees in breach of the prescribed
N/A
procedures (if any)
Compound guarantees
None
3. Cash Entrusted for Wealth Management
□ Applicable □ Not applicable
Unit: RMB'0000
Overdue amount
Specific type Capital resources Amount incurred Undue balance Overdue amount with provision for
impairment
Bank financial
Self-owned funds 763300 763300 0 0
products
Bank financial
Raised funds 40000 40000 0 0
products
Total 803300 803300 0 0
Note: Subsidiary HC Semitek Corporation used not more than RMB400000000 of idle proceeds for cash management. Details are
disclosed in the announcement of HC Semitek Corporation on the website of cninfo.com.cn on 16 August 2023.Particulars of entrusted cash management with single significant amount or low security bad liquidity and no capital preservation
□ Applicable □ Not applicable
Whether there is the case where the principal cannot be recovered at maturity or other case which may cause impairment for entrusted
asset management
□ Applicable □ Not applicable
4. Other Major Contracts
□ Applicable □ Not applicable
No such cases in the Reporting Period.
47BOE Technology Group Co. Ltd. Interim Report 2024
XIII Other Significant Events
□ Applicable □ Not applicable
1. On 18 October 2019 the Company disclosed the Announcement on the Company’s Application for CSRC’s Approval for its Public
Issue of Renewable Corporate Bonds (Announcement No. 2019-052) and the Company received the No. [2019] 1801 Approval from
CSRC. Based on the approval the Company could publicly issue the renewable corporate bonds with the nominal value no more than
RMB30 billion to qualified investors. The bond outstanding as of the disclosure date of this Report is as follows:
Bond name Abbr. Bond code Date of issue Maturity
2022 Public Offering of Renewable Corporate
Bonds of BOE (for professional investors) 22BOEY1 149861 24 March 2022 25 March 2025
(Digital Economy) (Phase I)
The Company disclosed 2024 "22BOEY1" Interest Payment Announcement (Announcement No. 2024-005) on 21 March 2024. The
interest payment plan was RMB35.00 (including tax) every ten bonds.
2. On 2 April 2024 the Company disclosed the Announcement on the Election of Non-Independent Directors of the Tenth Session of
the Board of Directors (Announcement No: 2024-018). On 27 April 2024 the Announcement of the Resolutions of the 2023 Annual
General Meeting was disclosed (Announcement No: 2024-023) where the Proposal on the Election of Non-Independent Directors of
the Tenth Session of the Board of Directors was deliberated and approved. Mr. Feng Qiang Mr. Zhu Baocheng and Mr. Wang Xiping
were elected as non-independent directors of the Tenth Board of Directors. On 28 May 2024 the Company disclosed the Announcement
of the Resolutions of the Thirtieth Meeting of the Tenth Board of Directors (Announcement No: 2024-028). The Proposal on the
Election of Vice Chairman of the Tenth Board of Directors was deliberated and approved where Mr. Feng Qiang and Mr. Zhu
Baocheng were elected as the Vice Chairmen of the Tenth Board of Directors. On 13 June 2024 the Company disclosed the
Announcement of the Resignation of Supervisor (Announcement No: 2024-031). Mr. Sun Fuqing submitted his resignation as a
supervisor of the Company due to work arrangement and will not hold any position in the Company after his resignation. On 9 July
2024 the Company disclosed the Announcement of Resignation of Director (Announcement No: 2024-038). Mr. Zhu Baocheng
submitted his resignation as a director and Vice Chairman of the Company due to work arrangement and will not hold any position in
the Company after his resignation. On 25 July 2024 the Company disclosed the Announcement of the Resolutions of the Thirty-Second
Meeting of the Tenth Board of Directors (Announcement No: 2024-042). The Proposal on Adjusting the Composition of the Executive
Committee and Appointing Senior Management Personnel was deliberated and approved. The current senior management member
Mr. Feng Qiang was promoted from a member of the Executive Committee and Executive Vice President to Vice Chairman of the
Executive Committee. The Board of Directors appointed Mr. Liu Zhiqiang as a member of the Executive Committee and Senior Vice
President. On 25 July 2024 the Company disclosed the Announcement of the Resolutions of the First Extraordinary General Meeting
of 2024 (Announcement No: 2024-040). The Proposal on Electing Supervisors of the Tenth Board of Supervisors of the Company was
deliberated and approved with Mr. Song Ligong elected as a supervisor of the Tenth Supervisory Board.
3. On 13 June 2024 the Company disclosed the Announcement No. 2024-030 on the Distribution of the 2023 Final Dividend. As the
2023 Final Dividend Plan had been approved at the 2023 Annual General Meeting on 26 April 2024 the Company distributed a 2023
final dividend of RMB0.3 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.XIV Significant Events of Subsidiaries
□ Applicable □ Not applicable
48BOE Technology Group Co. Ltd. Interim Report 2024
Part VII 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 shares 198959227 0.53% 0 0 0 104391523 0.28%
9456770494567704
1. Shares held by the
00.00%0000000.00%
state
2. Shares held by state-
00.00%0000000.00%
owned corporations
3. Shares held by other - -182413489 0.48% 0 0 0 96224749 0.26%
domestic investors 86188740 86188740
Among which: Shares
held by domestic 0 0.00% 0 0 0 0 0 0 0.00%
corporations
Shares
--
held by domestic 182413489 0.48% 0 0 0 96224749 0.26%
individuals 86188740 86188740
4. Shares held by
165457380.04%000-8378964-837896481667740.02%
foreign investors
Among which: Shares
held by foreign 0 0.00% 0 0 0 0 0 0 0.00%
corporations
Shares
held by foreign 16545738 0.04% 0 0 0 -8378964 -8378964 8166774 0.02%
individuals
II. Non-restricted
3745356996899.47%00092019925920199253754558989399.72%
shares
1. RMB ordinary shares 36760685841 97.63% 0 0 0 92019925 92019925 36852705766 97.88%
2. Domestically listed
6928841271.84%000006928841271.84%
foreign shares
3. Overseas listed
00.00%0000000.00%
foreign shares
4. Other 0 0.00% 0 0 0 0 0 0 0.00%
III. Total shares 37652529195 100.00% 0 0 0 -2547779 -2547779 37649981416 100.00%
Reasons for share changes:
□ Applicable □ Not applicable
During the Reporting Period the Company's share incentive scheme involved the partial lifting of restrictions on restricted stocks the
repurchase and cancellation of 2547779 restricted shares that had been authorized to some incentive recipients but were still locked
and an increase in management lock-up shares. This led to a total decrease of 94567704 shares subject to selling restrictions (of which
domestic natural persons decreased by 86188740 shares and foreign natural persons decreased by 8378964 shares) resulting in a
total increase of 92019925 shares not subject to selling restrictions and a net decrease of 2547779 shares in the total number of shares.Approval of share changes:
□ Applicable □ Not applicable
Transfer of share ownership:
49BOE Technology Group Co. Ltd. Interim Report 2024
□ Applicable □ Not applicable
Progress on any share repurchase:
□ Applicable □ Not applicable
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
shareholders and other financial indicators of the prior year and the prior accounting period respectively:
□ Applicable □ Not applicable
Item January-December 2023 January-June 2024
Basic earnings per share (RMB/share) 0.06 0.06
Diluted earnings per share (RMB/share) 0.06 0.06
Item 31 December 2023 30 June 2024
Equity per share attributable to the Company’s
3.413.43
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
Name of the shares amount shares shares shares amount Restricted Restricted shares relieved
shareholders at the period- relieved of the increased of at the period- reasons date
begin period the period end
Locked Locked
shares of 4237381 0 3839550 8076931 shares of -
executives executives
1. On 11 April 2024
95859475 shares of equity
incentive restricted shares
Restricted Restricted lifted from restricted sales
shares for shares for were traded on the market.
19472184698407254096314592
equity equity 2. On 4 June 2024
incentive incentive 2547779 shares of equity
incentive restricted shares
were completed and
repurchased.Total 198959227 98407254 3839550 104391523 -- --
II Issuance and Listing of Securities
□ Applicable □ Not applicable
III Shareholders and Their Holdings as at the Period-End
Unit: share
Number of ordinary
1134173 (including 1102840 A-shareholders and 31333 B-shareholders)
shareholders at the period-
50BOE Technology Group Co. Ltd. Interim Report 2024
end
5% or greater ordinary shareholders or top 10 ordinary shareholders (exclusive of shares lent in refinancing)
Total ordinary Restricted Shares in pledge marked
Increase/decrease Unrestricted
Name of Nature of Shareholding shares held at ordinary or frozen
in the Reporting ordinary
shareholder shareholder percentage the period- shares
Period shares held Status Shares
end held
Beijing State-
owned
State-
Capital
owned
Operation and 10.79% 4063333333 - 0 4063333333 N/A 0
legal
Management
person
Company
Limited
Hong Kong
Securities Foreign
Clearing legal 8.01% 3015216738 736718363 0 3015216738 N/A 0
Company person
Ltd.Beijing BOE State-
Investment & owned
2.18% 822092180 - 0 822092180 N/A 0
Development legal
Co. Ltd. person
Beijing Jing
Guorui Soe
Reform and Other 1.91% 718132854 - 0 718132854 N/A 0
Development
Fund (L.P.)
Hefei State-
Jianxiang owned
1.77% 666195772 - 0 666195772 N/A 0
Investment legal
Co. Ltd. person
Fuqing Domestic
Huirong non-state-
In
Venture owned 1.43% 538599640 3297100 0 538599640 15000000
Capital Co. legal pledge
Ltd. person
Industrial and
Commercial
Bank of
China Co.Ltd.- Huatai- Other 1.16% 436417047 156798000 0 436417047 N/A 0
Pinebridge
CSI 300
Exchange-
Traded Fund
Perseverance
Asset
Management-
Perseverance Other 0.94% 352999919 3000000 0 352999919 N/A 0
Xiaofeng
No.2 Zhixin
Fund
Ningxia Domestic
Risheng non-state-
High-tech owned 0.88% 331487366 -8038400 0 331487366 N/A 0
Industry Co. legal
Ltd. person
FOTIC-
Foreign Trade
Trust- Other 0.88% 329988907 - 0 329988907 N/A 0
Perseverance
Xiaofeng
51BOE Technology Group Co. Ltd. Interim Report 2024
Hongyuan
Assembled
Fund Trust
Plan
Strategic investors or
general corporations
becoming top-ten ordinary N/A
shareholders due to placing
of new shares (if any)
1. Beijing State-owned Capital Operation and Management Company Limited indirectly held 100% equities of
Beijing Jingguorui Investment Management Co. Ltd. and directly held 77.5918% shares of Beijing Jing Guorui
Soe Reform and Development Fund (L.P.); Beijing Jingguorui Investment Management Co. Ltd. is the general
Related or acting-in-concert partner of Beijing Jing Guorui Soe Reform and Development Fund (L.P.). In addition among the nine members
parties among the of the Investment Decision-Making Committee of Beijing Jing Guorui Soe Reform and Development Fund
shareholders above (L.P.) three are nominated by Beijing State-owned Capital Operation and Management Company Limited.
2. Except for the above relationships the Company does not know any other connected party or acting-in-
concert party among the top 10 shareholders.Explain if any of the
shareholders above was After the non-public issuing of BOE in 2014 Hefei Jianxiang Investment Co. Ltd. by entering into
involved in entrusting/being Implementation Protocol of Voting Right agreed to maintain all of the shares held by it unanimous with Beijing
entrusted with voting rights BOE Investment & Development Co. Ltd. when executing the voting rights as a shareholder.or waiving voting rights
Special account for share
repurchases (if any) among N/A
the top 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 RMB
Operation and Management 4063333333 ordinary 4063333333
Company Limited share
RMB
Hong Kong Securities
3015216738 ordinary 3015216738
Clearing Company Ltd.share
RMB
Beijing BOE Investment &
822092180 ordinary 822092180
Development Co. Ltd.share
Beijing Jing Guorui Soe RMB
Reform and Development 718132854 ordinary 718132854
Fund (L.P.) share
RMB
Hefei Jianxiang Investment
666195772 ordinary 666195772
Co. Ltd.share
RMB
Fuqing Huirong Venture
538599640 ordinary 538599640
Capital Co. Ltd.share
Industrial and Commercial
RMB
Bank of China Co. Ltd.-
436417047 ordinary 436417047
Huatai-Pinebridge CSI 300 share
Exchange-Traded Fund
Perseverance Asset RMB
Management- Perseverance 352999919 ordinary 352999919
Xiaofeng No.2 Zhixin Fund share
RMB
Ningxia Risheng High-tech
331487366 ordinary 331487366
Industry Co. Ltd. share
FOTIC-Foreign Trade Trust-
RMB
Perseverance Xiaofeng
329988907 ordinary 329988907
Hongyuan Assembled Fund share
Trust Plan
Related or acting-in-concert
1. Beijing State-owned Capital Operation and Management Company Limited indirectly held 100% equities of
parties among top 10
unrestricted ordinary Beijing Jingguorui Investment Management Co. Ltd. and directly held 77.5918% shares of Beijing Jing Guorui
52BOE Technology Group Co. Ltd. Interim Report 2024
shareholders as well as Soe Reform and Development Fund (L.P.); Beijing Jingguorui Investment Management Co. Ltd. is the general
between top 10 unrestricted partner of Beijing Jing Guorui Soe Reform and Development Fund (L.P.). In addition among the nine members
ordinary shareholders and
of the Investment Decision-Making Committee of Beijing Jing Guorui Soe Reform and Development Fund
top 10 ordinary shareholders
(L.P.) three are nominated by Beijing State-owned Capital Operation and Management Company Limited.
2. Except for the above relationships the Company does not know any other connected party or acting-in-
concert party among the top 10 shareholders.Top 10 ordinary 1. Shareholder Ningxia Risheng High-tech Industry Co. Ltd. totally held 331487366 shares in the Company
shareholders involved in via the customer credit transactions secured securities account in Orient Securities Co. Ltd.securities margin trading (if 2. Except for the aforesaid as of the end of the Reporting Period no shareholder among the top-10 ordinary
any) shareholders of the Company was involved in securities refinancing.
5% or greater shareholders top 10 shareholders and Top 10 unrestricted shareholders involved in refinancing shares lending
□ Applicable □ Not applicable
Unit: share
5% or greater shareholders top 10 shareholders and Top 10 unrestricted shareholders involved in refinancing shares lending
Shares in the common Shares lent in Shares in the common Shares lent in
account and credit refinancing and not account and credit refinancing and not
account at the period- yet returned at the account at the period- yet returned at the
begin period-begin end period-end
Full name of shareholder As %
As % of As % of
of As % of
total Total total Total
Total shares total Total shares total share
share shares share shares
share capital
capital capital
capital
Fuqing Huirong Venture Capital Co.
5353025401.42%32971000.01%5385996401.43%00.00%
Ltd.Industrial and Commercial Bank of
China Co. Ltd.- Huatai-Pinebridge CSI 279619047 0.74% 140700 0.00% 436417047 1.16% 0 0.00%
300 Exchange-Traded Fund
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 Supervisors and Senior Management
□ Applicable □ Not applicable
Restricted
Restricted Restricted
Increase Decrease shares
shares shares
Beginning in the in the Ending granted in
granted at granted at
Name Office title Incumbent/Former shareholding Reporting Reporting shareholding the
the period- the period-
(share) Period Period (share) Reporting
beginning end
(share) (share) Period
(share) (share)
(share)
Chairman
of the Board
and
Chen
Chairman Incumbent 2900000.00 0.00 0.00 2900000.00 1320000.00 0.00 660000.00
Yanshun
of the
Executive
Committee
53BOE Technology Group Co. Ltd. Interim Report 2024
Vice
Chairman
of the
Board and
Feng
Vice Incumbent 975700.00 0.00 0.00 975700.00 495000.00 0.00 247500.00
Qiang
Chairman
of the
Executive
Committee
Director
President
and Vice
Gao
Chairman Incumbent 1860700.00 0.00 0.00 1860700.00 990000.00 0.00 495000.00
Wenbao
of the
Executive
Committee
Wu
Director Incumbent 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Lishun
Director
Member of
the
Executive
Wang
Committee Incumbent 852400.00 0.00 0.00 852400.00 495000.00 0.00 247500.00
Xiping
and
Executive
Vice
President
Ye Feng Director Incumbent 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Tang Independent
Incumbent 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Shoulian Director
Zhang Independent
Incumbent 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Xinmin Director
Independent
Guo He Incumbent 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Director
Wang Independent
Incumbent 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Duoxiang Director
Chairman
of the
Wang Jin Incumbent 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Supervisory
Committee
Shi
Supervisor Incumbent 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Xiaodong
Song
Supervisor Incumbent 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Ligong
Xu
Supervisor Incumbent 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Jinghe
Employee
Yan Jun Incumbent 32000.00 0.00 0.00 32000.00 0.00 0.00 0.00
Supervisor
Xu Employee
Incumbent 35000.00 0.00 0.00 35000.00 0.00 0.00 0.00
Yangping Supervisor
Employee
Teng Jiao Incumbent 55200.00 0.00 0.00 55200.00 0.00 0.00 0.00
Supervisor
Director Former
Member of
Sun Yun the 1989481.00 0.00 0.00 1989481.00 990000.00 0.00 495000.00
Incumbent
Executive
Committee
54BOE Technology Group Co. Ltd. Interim Report 2024
and
Executive
Vice
President
Member of
the
Executive
Feng Committee
Incumbent 1360000.00 0.00 0.00 1360000.00 660000.00 0.00 330000.00
Liqiong Executive
Vice
President
and CLO
Member of
the
Executive
Committee
Zhang Yu Incumbent 751600.00 0.00 0.00 751600.00 418440.00 0.00 209220.00
and
Executive
Vice
President
Member of
the
Executive
Yang Committee
Incumbent 742300.00 0.00 0.00 742300.00 418440.00 0.00 209220.00
Xiaoping Executive
Vice
President
and CFO
Member of
the
Executive
Liu
Committee Incumbent 247500.00 0.00 0.00 247500.00 247500.00 0.00 247500.00
Zhiqiang
and Senior
Vice
President
Senior Vice
Guo
President Incumbent 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Huaping
and CCO
Senior Vice
Yue
President Incumbent 553440.00 0.00 0.00 553440.00 418440.00 0.00 209220.00
Zhanqiu
and CASO
Vice
Liu President
Incumbent 1024500.00 0.00 0.00 1024500.00 495000.00 0.00 247500.00
Hongfeng and Board
Secretary
Vice
Pan
Chairman Former 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Jinfeng
of the Board
Vice
Chairman
of the Board
Liu
and member Former 2480000.00 0.00 0.00 2480000.00 1188000.00 0.00 594000.00
Xiaodong
of the
Executive
Committee
Sun
Supervisor Former 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fuqing
55BOE Technology Group Co. Ltd. Interim Report 2024
Vice
Zhu Chairman
Former 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Baocheng of the
Board
Total -- -- 15859821.00 0.00 0.00 15859821.00 8135820.00 0.00 4191660.00
Notes:
1. On July 24 2024 the Board of Directors appointed Mr. Liu Zhiqiang as a senior management officer of the Company. The number
of shares held by Mr. Liu Zhiqiang at the beginning of the period and the number of restricted shares granted at the beginning of the
period are indicated by the number of shares held on the date of his appointment;
2. The conditions for the release of restricted shares granted under the Company's 2020 Stock Options and Restricted Stock Incentive
Plan during the second lock-up period have been fulfilled and the restricted shares will be listed for circulation on April 11 2024. As
a result the number of restricted shares granted to directors and senior management at the end of the period decreased. After part of
the restricted shares held by the directors and senior managers of the company in this incentive plan are unlocked The locking up
and trading of its shares shall comply with the Company Law the Securities Law the Rules on the Management of Shares Held by
Directors Supervisors and Senior Managers of Listed Companies and their Changes (Revised in 2024) and Guideline No. 1 of the
Shenzhen Stock Exchange Regarding Self-disciplinary Activities and Regulation of Listed Companies—Compliance in Operation of
Main Board Listed Companies Shenzhen Stock Exchange Listed Companies Self-Regulatory Guidelines No. 10 - Share Change
Management and other relevant laws and regulations.V Change of the Controlling Shareholder or the Actual Controller
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.
56BOE Technology Group Co. Ltd. Interim Report 2024
Part VIII Preference Shares
□ Applicable □ Not applicable
No preference shares in the Reporting Period.
57BOE Technology Group Co. Ltd. Interim Report 2024
Part IX 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
Balance
Bond Date of Value Coupo Trade
Bond name Abbr. Maturity (RMB’00 Way of redemption
code issue date n rate place
00)
If the issuer does not
execute its right in
2022 Public the deferred interest
Offering of payment
Renewable corresponding
Corporate Bonds interests shall be
24 March 25 March 25 March
of BOE (for 22BOEY1 149861 200000 3.50% paid for this issue of SZSE
202220222025
professional bonds yearly and
investors) (Digital the last installment
Economy) (Phase of interest shall be
I) paid with the
redemption of
principal.Appropriate arrangement of the investors (if
Only for the qualified investors
any)
Applicable trade mechanism Centralized bidding trade and negotiated block trade
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
For the renewable corporate bonds “22BOEY1” 3 interest-bearing years shall be regarded as a cycle. At the end of each cycle the
issuer shall have the right to conditionally extend the issue of bonds for another cycle (3 years) or choose to fully redeem the due bonds
at the end of the cycle. The above-mentioned renewable corporate bonds incorporate the option of issuer to postpone interest payment
the Company has not exercised such option and the renewal option of issuer as at the date of approval of this report.
58BOE Technology Group Co. Ltd. Interim Report 2024
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 of Non-financial Enterprises
□ Applicable □ Not applicable
No such cases in the Reporting Period.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 2024 31 December 2023 Change
Current ratio 1.55 1.59 -2.52%
Debt/asset ratio 52.52% 52.81% -0.29%
Quick ratio 1.29 1.32 -2.27%
Item H1 2024 H1 2023 Change
Net profit before exceptional
161340-158444201.83%
gains and losses
EBITDA/debt ratio 15.60% 12.52% 3.08%
Interest cover (times) 2.06 0.61 237.70%
Cash-to-interest cover (times) 10.81 6.35 70.24%
EBITDA-to-interest cover
10.698.2429.73%
(times)
Loan repayment ratio (%) 100.00% 100.00% 0.00%
Interest payment ratio (%) 100.00% 100.00% 0.00%
59BOE Technology Group Co. Ltd. Interim Report 2024
Part X 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 2024
Unit: RMB
Item 30 June 2024 1 January 2024
Current assets:
Monetary assets 82202140937.00 72467392718.00
Settlement reserve 0.00 0.00
Interbank loans granted 0.00 0.00
Held-for-trading financial assets 8413163737.00 7755964495.00
Derivative financial assets 0.00 0.00
Notes receivable 430055730.00 375577011.00
Accounts receivable 32321586674.00 33365416490.00
Accounts receivable financing 428298548.00 408534622.00
Prepayments 658054558.00 558659780.00
Premiums receivable 0.00 0.00
Reinsurance receivables 0.00 0.00
Receivable reinsurance contract reserve 0.00 0.00
Other receivables 736457391.00 726659207.00
Including: Interest receivable 0.00 0.00
Dividends receivable 74630717.00 0.00
Financial assets purchased under resale agreements 0.00 0.00
Inventories 26029426424.00 24119667325.00
Including: Data resource 0.00 0.00
Contract assets 115457722.00 95710742.00
Assets held for sale 0.00 0.00
Current portion of non-current assets 67371460.00 8683381.00
Other current assets 3354536894.00 3308338931.00
Total current assets 154756550075.00 143190604702.00
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 484461.00 3341844.00
Long-term equity investments 13156657396.00 13731696627.00
Investments in other equity instruments 480818902.00 494629577.00
Other non-current financial assets 2307839682.00 2253778325.00
Investment property 1456236579.00 1412553446.00
60BOE Technology Group Co. Ltd. Interim Report 2024
Fixed assets 211615521758.00 210371476524.00
Construction in progress 18750692333.00 29670115546.00
Productive living assets 0.00 0.00
Oil and gas assets 0.00 0.00
Right-of-use assets 780388211.00 724344345.00
Intangible assets 11575639341.00 11565585700.00
Including: Data resource 0.00 0.00
Development costs 101477765.00 166977531.00
Including: Data resource 0.00 0.00
Goodwill 704705586.00 704705586.00
Long-term prepaid expense 521113108.00 534494564.00
Deferred income tax assets 554948957.00 396877020.00
Other non-current assets 5604788233.00 3965918458.00
Total non-current assets 267611312312.00 275996495093.00
Total assets 422367862387.00 419187099795.00
Current liabilities:
Short-term borrowings 1834826491.00 1746184534.00
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 1209368796.00 919313033.00
Accounts payable 37165890556.00 32977603351.00
Advances from customers 57387695.00 94704981.00
Contract liabilities 2719095139.00 3000168620.00
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 3541971701.00 3100911276.00
Taxes payable 1309426147.00 1317080022.00
Other payables 17446672559.00 19487760965.00
Including: Interest payable 187914.00 175698.00
Dividends payable 77090381.00 39014714.00
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 31509448305.00 24437027442.00
Other current liabilities 2985848670.00 3085773591.00
Total current liabilities 99779936059.00 90166527815.00
Non-current liabilities:
Insurance contract reserve 0.00 0.00
Long-term borrowings 112571968308.00 121546339022.00
Bonds payable 0.00 0.00
Including: Preferred shares 0.00 0.00
Perpetual bonds 0.00 0.00
Lease liabilities 656019088.00 542141496.00
Long-term payables 157457082.00 171611393.00
Long-term employee benefits payable 0.00 0.00
Provisions 3580000.00 3580000.00
Deferred income 4718286711.00 4763051955.00
Deferred income tax liabilities 1461399118.00 1694639729.00
Other non-current liabilities 2496183179.00 2500522066.00
Total non-current liabilities 122064893486.00 131221885661.00
Total liabilities 221844829545.00 221388413476.00
Owners’ equity:
61BOE Technology Group Co. Ltd. Interim Report 2024
Share capital 37649981416.00 37652529195.00
Other equity instruments 2008115275.00 2043402946.00
Including: Preferred shares 0.00 0.00
Perpetual bonds 2008115275.00 2043402946.00
Capital reserves 52207918070.00 52113580746.00
Less: Treasury stock 228132634.00 462036240.00
Other comprehensive income -1210685675.00 -1136997224.00
Specific reserve 120679018.00 66472402.00
Surplus reserves 3571778635.00 3571778635.00
General reserve 0.00 0.00
Retained earnings 36714413473.00 35579576607.00
Total equity attributable to owners of the Company as the parent 130834067578.00 129428307067.00
Non-controlling interests 69688965264.00 68370379252.00
Total owners’ equity 200523032842.00 197798686319.00
Total liabilities and owners’ equity 422367862387.00 419187099795.00
Legal representative: Chen Yanshun President of the Company’s Execution Committee: Gao Wenbao
Chief Financial Officer: Yang Xiaoping Head of the Company’s Financial Department: Teng Jiao
2. Balance Sheet of the Company as the Parent
Unit: RMB
Item 30 June 2024 1 January 2024
Current assets:
Monetary assets 7279773486.00 4255943334.00
Held-for-trading financial assets 0.00 0.00
Derivative financial assets 0.00 0.00
Notes receivable 0.00 0.00
Accounts receivable 3358442685.00 4870413096.00
Accounts receivable financing 0.00 0.00
Prepayments 13477886.00 4807079.00
Other receivables 28623840964.00 28381628538.00
Including: Interest receivable 0.00 0.00
Dividends receivable 1170485442.00 1189273456.00
Inventories 18298975.00 19337053.00
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 53621349.00 126758000.00
Total current assets 39347455345.00 37658887100.00
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 194301495463.00 191109201591.00
Investments in other equity instruments 45798617.00 62020419.00
Other non-current financial assets 1547839682.00 1493778324.00
Investment property 240057232.00 246605801.00
Fixed assets 897382877.00 945373523.00
Construction in progress 660702537.00 612320190.00
Productive living assets 0.00 0.00
Oil and gas assets 0.00 0.00
Right-of-use assets 66311554.00 86718376.00
Intangible assets 952281806.00 997974193.00
Including: Data resource 0.00 0.00
62BOE Technology Group Co. Ltd. Interim Report 2024
Development costs 0.00 0.00
Including: Data resource 0.00 0.00
Goodwill 0.00 0.00
Long-term prepaid expense 326078114.00 337051031.00
Deferred income tax assets 0.00 0.00
Other non-current assets 502824807.00 1740557308.00
Total non-current assets 199540772689.00 197631600756.00
Total assets 238888228034.00 235290487856.00
Current liabilities:
Short-term borrowings 0.00 0.00
Held-for-trading financial liabilities 0.00 0.00
Derivative financial liabilities 0.00 0.00
Notes payable 0.00 0.00
Accounts payable 369919288.00 566941531.00
Advances from customers 14820102.00 10542897.00
Contract liabilities 384579.00 74594.00
Employee benefits payable 262300701.00 300267423.00
Taxes payable 100277197.00 279057718.00
Other payables 4427289167.00 3515995979.00
Including: Interest payable 0.00 0.00
Dividends payable 6451171.00 6451170.00
Liabilities directly associated with assets held for sale 0.00 0.00
Current portion of non-current liabilities 7384148040.00 4029679945.00
Other current liabilities 41879811.00 77354731.00
Total current liabilities 12601018885.00 8779914818.00
Non-current liabilities:
Long-term borrowings 44633100000.00 44053100000.00
Bonds payable 0.00 0.00
Including: Preferred shares 0.00 0.00
Perpetual bonds 0.00 0.00
Lease liabilities 22331202.00 42482289.00
Long-term payables 0.00 0.00
Long-term employee benefits payable 0.00 0.00
Provisions 0.00 0.00
Deferred income 500338218.00 954798900.00
Deferred income tax liabilities 100659471.00 222201768.00
Other non-current liabilities 79300793681.00 79800793681.00
Total non-current liabilities 124557222572.00 125073376638.00
Total liabilities 137158241457.00 133853291456.00
Owners’ equity:
Share capital 37649981416.00 37652529195.00
Other equity instruments 2008115275.00 2043402946.00
Including: Preferred shares 0.00 0.00
Perpetual bonds 2008115275.00 2043402946.00
Capital reserves 51824950199.00 51741820724.00
Less: Treasury stock 228132634.00 462036240.00
Other comprehensive income -337507453.00 -296433056.00
Specific reserve 0.00 0.00
Surplus reserves 3571778635.00 3571778635.00
Retained earnings 7240801139.00 7186134196.00
Total owners’ equity 101729986577.00 101437196400.00
Total liabilities and owners’ equity 238888228034.00 235290487856.00
3. Consolidated Income Statement
63BOE Technology Group Co. Ltd. Interim Report 2024
Unit: RMB
Item H1 2024 H1 2023
1. Revenue 93386241632.00 80177875220.00
Including: Operating revenue 93386241632.00 80177875220.00
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 89892399318.00 83839057017.00
Including: Cost of sales 78449047476.00 72933845456.00
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 reserve 0.00 0.00
Expenditure on policy dividends 0.00 0.00
Reinsurance premium expense 0.00 0.00
Taxes and surcharges 617649507.00 540534727.00
Selling expense 1890377290.00 1927463296.00
Administrative expense 2833605971.00 2733334581.00
R&D expense 5806276741.00 5267009863.00
Finance costs 295442333.00 436869094.00
Including: Interest expense 1951473824.00 1838822216.00
Interest income 1145670653.00 978583668.00
Add: Other income 1077271600.00 2746029724.00
Return on investment (“-” for loss) -211962576.00 775299042.00
Including: Share of profit or loss of joint ventures and associates -343013126.00 698402235.00
Income from the derecognition of financial assets at amortized cost
0.000.00
(“-” 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) -50062137.00 167439034.00
Credit impairment loss (“-” for loss) -23779955.00 8479174.00
Asset impairment loss (“-” for loss) -2086855010.00 -1056660701.00
Asset disposal income (“-” for loss) 7613281.00 9272560.00
3. Operating profit (“-” for loss) 2206067517.00 -1011322964.00
Add: Non-operating income 119556239.00 195938361.00
Less: Non-operating expense 46890002.00 31666388.00
4. Profit before tax (“-” for loss) 2278733754.00 -847050991.00
Less: Income tax expense 508068093.00 820532936.00
5. Net profit (“-” for net loss) 1770665661.00 -1667583927.00
5.1 By operating continuity
5.1.1 Net profit from continuing operations (“-” for net loss) 1770665661.00 -1667583927.00
5.1.2 Net profit from discontinued operations (“-” for net loss) 0.00 0.00
5.2 By ownership
5.2.1 Net profit attributable to shareholders of the Company as the
2284051354.00735809609.00
parent (“-” for net loss)
5.2.2 Net profit attributable to non-controlling interests (“-” for net
-513385693.00-2403393536.00
loss)
6. Other comprehensive income net of tax -67138521.00 403948040.00
Attributable to owners of the Company as the parent -59116865.00 294149500.00
6.1 Items that will not be reclassified to profit or loss -18196685.00 23249572.00
6.1.1 Changes caused by remeasurements on defined benefit schemes 0.00 0.00
6.1.2 Other comprehensive income that will not be reclassified to
-27297767.006317985.00
profit or loss under the equity method
6.1.3 Changes in the fair value of investments in other equity
9101082.0016931587.00
instruments
6.1.4 Changes in the fair value arising from changes in own credit 0.00 0.00
64BOE Technology Group Co. Ltd. Interim Report 2024
risk
6.1.5 Other 0.00 0.00
6.2 Items that will be reclassified to profit or loss -40920180.00 270899928.00
6.2.1 Other comprehensive income that will be reclassified to profit
0.000.00
or loss under the equity method
6.2.2 Changes in the fair value of investments in other debt
0.000.00
obligations
6.2.3 Other comprehensive income arising from the reclassification
0.000.00
of financial assets
6.2.4 Credit impairment allowance for investments in other debt
0.000.00
obligations
6.2.5 Reserve for cash flow hedges 0.00 0.00
6.2.6 Differences arising from the translation of foreign currency-
-40920180.00270899928.00
denominated financial statements
6.2.7 Other 0.00 0.00
Attributable to non-controlling interests -8021656.00 109798540.00
7. Total comprehensive income 1703527140.00 -1263635887.00
Attributable to owners of the Company as the parent 2224934489.00 1029959109.00
Attributable to non-controlling interests -521407349.00 -2293594996.00
8. Earnings per share
8.1 Basic earnings per share 0.06 0.02
8.2 Diluted earnings per share 0.06 0.02
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 Chief Executive Officer: Gao Wenbao
Chief Financial Officer: Yang Xiaoping Head of the Company’s Financial Department: Teng Jiao
4. Income Statement of the Company as the Parent
Unit: RMB
Item H1 2024 H1 2023
1. Operating revenue 1876763421.00 1666351287.00
Less: Cost of sales 4889412.00 4658611.00
Taxes and surcharges 24067028.00 21158994.00
Selling expense 0.00 0.00
Administrative expense 633418944.00 642786470.00
R&D expense 1098730985.00 967119283.00
Finance costs 224860465.00 194966535.00
Including: Interest expense 253696296.00 256256753.00
Interest income 25182705.00 42139306.00
Add: Other income 467148637.00 480480116.00
Return on investment (“-” for loss) 861398826.00 1294301319.00
Including: Share of profit or loss of joint ventures and associates -224688237.00 588103242.00
Income from the derecognition of financial assets at amortized cost
0.000.00
(“-” for loss)
Net gain on exposure hedges (“-” for loss) 0.00 0.00
Gain on changes in fair value (“-” for loss) 0.00 49498773.00
Credit impairment loss (“-” for loss) 0.00 4667251.00
Asset impairment loss (“-” for loss) -78547.00 -154130.00
Asset disposal income (“-” for loss) 221.00 703.00
2. Operating profit (“-” for loss) 1219265724.00 1664455426.00
Add: Non-operating income 4956825.00 3121629.00
Less: Non-operating expense 20325218.00 231353.00
3. Profit before tax (“-” for loss) 1203897331.00 1667345702.00
Less: Income tax expense -14555686.00 150625221.00
4. Net profit (“-” for net loss) 1218453017.00 1516720481.00
65BOE Technology Group Co. Ltd. Interim Report 2024
4.1 Net profit from continuing operations (“-” for net loss) 1218453017.00 1516720481.00
4.2 Net profit from discontinued operations (“-” for net loss) 0.00 0.00
5. Other comprehensive income net of tax -41074397.00 25364856.00
5.1 Items that will not be reclassified to profit or loss -41074397.00 25364856.00
5.1.1 Changes caused by remeasurements on defined benefit schemes 0.00 0.00
5.1.2 Other comprehensive income that will not be reclassified to
-27285865.006317985.00
profit or loss under the equity method
5.1.3 Changes in the fair value of investments in other equity
-13788532.0019046871.00
instruments
5.1.4 Changes in the fair value arising from changes in own credit
0.000.00
risk
5.1.5 Other 0.00 0.00
5.2 Items that will be reclassified to profit or loss 0.00 0.00
5.2.1 Other comprehensive income that will be reclassified to profit
0.000.00
or loss under the equity method
5.2.2 Changes in the fair value of investments in other debt
0.000.00
obligations
5.2.3 Other comprehensive income arising from the reclassification
0.000.00
of financial assets
5.2.4 Credit impairment allowance for investments in other debt
0.000.00
obligations
5.2.5 Reserve for cash flow hedges 0.00 0.00
5.2.6 Differences arising from the translation of foreign currency-
0.000.00
denominated financial statements
5.2.7 Other 0.00 0.00
6. Total comprehensive income 1177378620.00 1542085337.00
7. Earnings per share
7.1 Basic earnings per share 0.03 0.04
7.2 Diluted earnings per share 0.03 0.04
5. Consolidated Cash Flow Statement
Unit: RMB
Item H1 2024 H1 2023
1. Cash flows from operating activities:
Proceeds from sale of commodities and rendering of services 101341162170.00 85492716009.00
Net increase in customer deposits and interbank deposits 0.00 0.00
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 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 4529503447.00 5175265145.00
Cash generated from other operating activities 1940483204.00 3319951107.00
Subtotal of cash generated from operating activities 107811148821.00 93987932261.00
Payments for commodities and services 66198070977.00 64067391607.00
Net increase in loans and advances to customers 0.00 0.00
Net increase in deposits in the central bank and in interbank loans
0.000.00
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 10095625332.00 9063210388.00
66BOE Technology Group Co. Ltd. Interim Report 2024
Taxes paid 3028368781.00 2054933349.00
Cash used in other operating activities 3610114439.00 2558727794.00
Subtotal of cash used in operating activities 82932179529.00 77744263138.00
Net cash generated from/used in operating activities 24878969292.00 16243669123.00
2. Cash flows from investing activities:
Proceeds from disinvestment 17600417457.00 42819205131.00
Return on investment 470013790.00 335703497.00
Net proceeds from the disposal of fixed assets intangible assets and
32014720.0015350205.00
other long-lived assets
Net proceeds from the disposal of subsidiaries and other business
0.000.00
units
Cash generated from other investing activities 1250747245.00 2109245407.00
Subtotal of cash generated from investing activities 19353193212.00 45279504240.00
Payments for the acquisition of fixed assets intangible assets and
12322541255.009606032165.00
other long-lived assets
Payments for investments 22503935768.00 37684686228.00
Net increase in pledged loans granted 0.00 0.00
Net payments for the acquisition of subsidiaries and other business
0.000.00
units
Cash used in other investing activities 40770633.00 11541974.00
Subtotal of cash used in investing activities 34867247656.00 47302260367.00
Net cash generated from/used in investing activities -15514054444.00 -2022756127.00
3. Cash flows from financing activities:
Capital contributions received 2095409000.00 1302100202.00
Including: Capital contributions by non-controlling interests to
2095409000.001302100202.00
subsidiaries
Borrowings raised 23153021498.00 15195788662.00
Cash generated from other financing activities 0.00 1528590.00
Subtotal of cash generated from financing activities 25248430498.00 16499417454.00
Repayment of borrowings 24815200527.00 20880858261.00
Interest and dividends paid 3789619645.00 5419025898.00
Including: Dividends paid by subsidiaries to non-controlling interests 27452890.00 0.00
Cash used in other financing activities 468531114.00 9014541065.00
Subtotal of cash used in financing activities 29073351286.00 35314425224.00
Net cash generated from/used in financing activities -3824920788.00 -18815007770.00
4. Effect of foreign exchange rates changes on cash and cash
323826553.00800373886.00
equivalents
5. Net increase in cash and cash equivalents 5863820613.00 -3793720888.00
Add: Cash and cash equivalents beginning of the period 52092981748.00 64382037764.00
6. Cash and cash equivalents end of the period 57956802361.00 60588316876.00
6. Cash Flow Statement of the Company as the Parent
Unit: RMB
Item H1 2024 H1 2023
1. Cash flows from operating activities:
Proceeds from sale of commodities and rendering of services 4736262755.00 1269226153.00
Tax rebates 0.00 0.00
Cash generated from other operating activities 1295071133.00 392751073.00
Subtotal of cash generated from operating activities 6031333888.00 1661977226.00
Payments for commodities and services 591872773.00 492729509.00
Cash paid to and for employees 778512264.00 757624819.00
Taxes paid 474145522.00 245139284.00
Cash used in other operating activities 463827508.00 1064303277.00
Subtotal of cash used in operating activities 2308358067.00 2559796889.00
Net cash generated from/used in operating activities 3722975821.00 -897819663.00
2. Cash flows from investing activities:
Proceeds from disinvestment 2795442821.00 8005131.00
67BOE Technology Group Co. Ltd. Interim Report 2024
Return on investment 1455553947.00 886073757.00
Net proceeds from the disposal of fixed assets intangible assets and
147709.008482.00
other long-lived assets
Net proceeds from the disposal of subsidiaries and other business
0.000.00
units
Cash generated from other investing activities 2380713721.00 813908196.00
Subtotal of cash generated from investing activities 6631858198.00 1707995566.00
Payments for the acquisition of fixed assets intangible assets and
116197241.00512646566.00
other long-lived assets
Payments for investments 3793135158.00 3309208139.00
Net payments for the acquisition of subsidiaries and other business
0.000.00
units
Cash used in other investing activities 5020000000.00 8239614905.00
Subtotal of cash used in investing activities 8929332399.00 12061469610.00
Net cash generated from/used in investing activities -2297474201.00 -10353474044.00
3. Cash flows from financing activities:
Capital contributions received 0.00 0.00
Borrowings raised 11485500000.00 4700000000.00
Cash generated from other financing activities 1000000000.00 15400000000.00
Subtotal of cash generated from financing activities 12485500000.00 20100000000.00
Repayment of borrowings 7549200000.00 3319000000.00
Interest and dividends paid 1829552535.00 3124115362.00
Cash used in other financing activities 1505984733.00 6024923290.00
Subtotal of cash used in financing activities 10884737268.00 12468038652.00
Net cash generated from/used in financing activities 1600762732.00 7631961348.00
4. Effect of foreign exchange rates changes on cash and cash
3451653.0028438446.00
equivalents
5. Net increase in cash and cash equivalents 3029716005.00 -3590893913.00
Add: Cash and cash equivalents beginning of the period 4249329821.00 7111879033.00
6. Cash and cash equivalents end of the period 7279045826.00 3520985120.00
68BOE Technology Group Co. Ltd. Interim Report 2024
7. Consolidated Statements of Changes in Owners’ Equity
H1 2024
Unit: RMB
H1 2024
Equity attributable to owners of the Company as the parent
Item Other equity instruments Other Gener
Non-
Less: Total owners’
Prefer Capital comprehe Specific Surplus al Retained controlling
Share capital Perpetual Treasury Other Subtotal equity
red Other reserves nsive reserve reserves reserv earnings interests
bonds stock
shares income e
1.
Balan
ce as
at the
-
end of 2043402 5211358 4620362 66472 35717786 3557957660 129428307 6837037925 19779868631
37652529195.000.000.0011369970.000.00
the 946.00 0746.00 40.00 402.00 35.00 7.00 067.00 2.00 9.00
period 224.00
of
prior
year
Add:
Adjust
ment
for
chang 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
e in
accou
nting
policy
Adjust
ment
for
correc 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
tion of
previo
us
error
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 0.00 0.00 0.00
adjust
69BOE Technology Group Co. Ltd. Interim Report 2024
ments
2.
Balan
ce as
at the
-
begin 2043402 5211358 4620362 66472 35717786 3557957660 129428307 6837037925 19779868631
37652529195.000.000.0011369970.000.00
ning 946.00 0746.00 40.00 402.00 35.00 7.00 067.00 2.00 9.00
of the 224.00
Repor
ting
Period
3.
Increa
se/
decrea
se in - - -
the -2547779.00 - 3528767 - 9433732 2339036 7368845 54206 - - 1134836866 - 14057605 1318586012 2724346523.0
period 1.00 4.00 06.00 1.00 616.00 .00 11.00 .00 0
(“-”
for
decrea
se)
3.1
Total
compr - -
ehensi - - - - - - 5911686 - - - 2284051354 - 22249344 521407349.0 1703527140.0
ve 5.00 .00 89.00 0 0
incom
e
3.2
Capita
l
increa
-
sed
-2547779.00---76770362311586------30538122421015974542406978678.0
and
reduce 3.00 40.00 .00 .00 0
d by
owner
s
3.2.1
Ordin
ary
-------------20954090002095409000.0
shares
increa .00 0
sed by
70BOE Technology Group Co. Ltd. Interim Report 2024
owner
s
3.2.2
Capita
l
increa
sed by
holder - - - - - - - - - - - - - - -
s of
other
equity
instru
ments
3.2.3
Share-
based
payme -
nts
----80207312251739------3053812246188454.00311569678.00
includ
ed in 7.00 07.00 .00
owner
s’
equity
--
3.2.4
-2547779.000.000.000.00343695459847330.000.000.000.000.000.000.000.000.00
Other.00.00
3.3
-----
Profit -
0.000.0035287670.000.0027449660.000.000.000.0011637860740.00119632871260458932.0
distrib 64130153.00
ution 1.00 .00 .00 79.00 0
3.3.1
Appro
priatio
n to 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
surplu
s
reserv
es
3.3.2
Appro
0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
priatio
n to
genera
71BOE Technology Group Co. Ltd. Interim Report 2024
l
reserv
e
3.3.3
Appro
priatio
----
n to -
0.000.000.000.000.0027449660.000.000.000.0011290737430.00112632871190458930.0
owner 64130153.00
s (or .00 .00 77.00 0
shareh
olders
)
--
-
3.3.40.000.0035287670.000.000.000.000.000.000.000.0070000002.0.00-70000002.00
Other 34712331.00 1.00 00
3.4
Transf
ers -
within 0.00 0.00 0.00 0.00 0.00 0.00 1457158 0.00 0.00 0.00 14571586.00 0.00 0.00 0.00 0.00
owner 6.00
s’
equity
3.4.1
Increa
se in
capital
(or
0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
share
capital
) from
capital
reserv
es
72BOE Technology Group Co. Ltd. Interim Report 2024
3.4.2
Increa
se in
capital
(or
share 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
capital
) from
surplu
s
reserv
es
3.4.3
Loss
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 0.00 0.00 0.00
surplu
s
reserv
es
3.4.4
Chang
es in
define
d
benefi
t
schem 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
es
transf
erred
to
retain
ed
earnin
gs
3.4.5
Other -
compr 0.00 0.00 0.00 0.00 0.00 0.00 1457158 0.00 0.00 0.00 14571586.00 0.00 0.00 0.00 0.00
ehensi 6.00
ve
incom
73BOE Technology Group Co. Ltd. Interim Report 2024
e
transf
erred
to
retain
ed
earnin
gs
3.4.60.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
Other
3.5
Specif
5420654206616.
ic 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 10714104.00 64920720.00
reserv 616.00 00
e
3.5.1
Increa 100870 100870034
0.000.000.000.000.000.000.000.000.000.000.0022848633.00123718667.00
se in 034.00 .00
the
period
3.5.2
4666346663418.
Used 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 12134529.00 58797947.00
in the 418.00 00
period
-
3.6-
----1756696-------17566961.208188044.0
Other 190621083.00
1.00000
4.
Balan
ce as
at the -
end of 37649981416.00 - 2008115 - 5220791 2281326 1210685 120679 35717786 - 3671441347 - 130834067 6968896526 20052303284
the 275.00 8070.00 34.00 675.00 018.00 35.00 3.00 578.00 4.00 2.00
Repor
ting
Period
H1 2023
Unit: RMB
H1 2023
Item
Equity attributable to owners of the Company as the parent Non- Total owners’
74BOE Technology Group Co. Ltd. Interim Report 2024
Other equity instruments Specif Gener controlling equity
Less: Other
Prefer Capital ic Surplus al Retained interests
Share capital Perpetual Treasury comprehens Other Subtotal
red Other reserves reserv reserves reserv earnings
bonds stock ive income
shares e e
1.
Balan
ce as
at the
-
end of 8176366 55218504 3508201 32410639 35829351 1360796802 6596088673 202040567
38196363421.000.000.00107376800.000.000.00
the 808.00 392.00 911.00 34.00 680.00 94.00 1.00 025.00
period 30.00
of
prior
year
Add:
Adjust
ment
for
chang 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
e in
accou
nting
policy
Adjust
ment
for
correc 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
tion of
previo
us
error
Other
0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
adjust
ments
2.
Balan
ce as
at the -
8176366552185043508201324106393582935113607968026596088673202040567
begin 38196363421.00 0.00 0.00 10737680 0.00 0.00 0.00
ning 808.00 392.00 911.00 34.00 680.00 94.00 1.00 025.00 30.00
of the
Repor
ting
75BOE Technology Group Co. Ltd. Interim Report 2024
Period
3.
Increa
se/
decrea
se in - - 5626 - - - -
107839888292974279
the -10298610.00 0.00 6168251 0.00 3161976 0433. 117522.00 0.00 16427635 0.00 7047923992 989516326.0 803744031
period .00 .00 533.00 26.00 00 97.00 .00 0 8.00
(“-”
for
decrea
se)
3.1
Total
compr - -
2941495007358096091029959109
ehensi 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2293594996 126363588
ve .00 .00 .00 .00 7.00
incom
e
3.2
Capita
l
increa - - - -
sed 90695386. 1357218378
-10298610.000.0059679150.0029902370.000.000.000.000.000.005588494589423127621
and 00 .00
reduce 094.00 29.00 .00 1.00
d by
owner
s
3.2.1
Ordin
ary
shares 1345108348 134510834
0.000.000.000.000.000.000.000.000.000.000.000.000.00
increa .00 8.00
sed by
owner
s
3.2.2
Capita
l
----
increa
0.000.0059679150.0032084906.0.000.000.000.000.000.000.0060000000000.00600000000
sed by
holder 094.00 00 .00 0.00
s of
other
76BOE Technology Group Co. Ltd. Interim Report 2024
equity
instru
ments
3.2.3
Share-
based
payme
-
nts 171294839 411505411.0 423615441.
0.000.000.000.0024021050.000.000.000.000.000.0012110030.00
includ .00 0 00
ed in 72.00
owner
s’
equity
--
3.2.4
-10298610.000.000.000.0048514547.58813150.000.000.000.000.000.000.000.000.00
Other
007.00
3.3-----
Profit -
0.000.0020033640.000.0017173890.000.000.000.00237963090.002562793447263643083
distrib 73637385.00
ution 39.00 7.00 05.00 .00 2.00
3.3.1
Appro
priatio
n to 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
surplu
s
reserv
es
3.3.2
Appro
priatio
n to 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
genera
l
reserv
e
3.3.3
Appro - - - -
-
priatio 0.00 0.00 0.00 0.00 0.00 1717389 0.00 0.00 0.00 0.00 22963673 0.00 2279193447 235283083
n to 73637385.00 7.00 44.00 .00 2.00
owner
s (or
77BOE Technology Group Co. Ltd. Interim Report 2024
shareh
olders
)
----
3.3.40.000.0020033640.000.000.000.000.000.000.0083263561.0.00283600000.00.00283600000.
Other 39.00 00 0 00
3.4
Transf
ers -
1057699.0
within 0.00 0.00 0.00 0.00 0.00 0.00 1175221.0 0.00 117522.00 0.00 0.00 0.00 0.00 0.00
owner 0 0
s’
equity
3.4.1
Increa
se in
capital
(or
0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
share
capital
) from
capital
reserv
es
3.4.2
Increa
se in
capital
(or
share 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
capital
) from
surplu
s
reserv
es
3.4.3
Loss
offset 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
by
surplu
s
78BOE Technology Group Co. Ltd. Interim Report 2024
reserv
es
3.4.4
Chang
es in
define
d
benefi
t
schem 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
es
transf
erred
to
retain
ed
earnin
gs
3.4.5
Other
compr
ehensi
ve
incom -
1057699.0
e 0.00 0.00 0.00 0.00 0.00 0.00 1175221.0 0.00 117522.00 0.00 0.00 0.00 0.00 0.00
transf 0 0
erred
to
retain
ed
earnin
gs
3.4.60.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
Other
3.5
Specif 5626
66582581.0
ic 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0433. 0.00 0.00 0.00 0.00 56260433.00 10322148.00
reserv 0 00
e
9753
3.5.1117505249.
0.000.000.000.000.000.000.008621.0.000.000.000.0097538621.0019966628.00
Increa 00
se in 00
79BOE Technology Group Co. Ltd. Interim Report 2024
the
period
3.5.24127
50922668.0
Used 0.00 0.00 0.00 0.00 0.00 0.00 0.00 8188. 0.00 0.00 0.00 0.00 41278188.00 9644480.00
in the 0 00
period
3.617144502.27320031.0
0.000.000.000.000.000.000.000.000.000.000.0017144502.0010175529.00
Other 00 0
4.
Balan
ce as
at the - 5626
2008115553263443192004324118143418658812903175636497137040194003126
end of 38186064811.00 0.00 0.00 780793751 0433. 0.00 0.00
the 275.00 280.00 285.00 56.00 083.00 02.00 5.00 707.00 .00 00
Repor
ting
Period
8. Statements of Changes in Owners’ Equity of the Company as the Parent
H1 2024
Unit: RMB
H1 2024
Other equity instruments Specif
Less: Other
Item Prefer ic Total owners’
Share capital Capital reserves Treasury comprehensive Surplus reserves Retained earnings Other
red Perpetual bonds Other reserv equity
stock income
shares e
1.
Balan
ce as
at the
end of 2043402946.0 51741820724.0 462036240.0
37652529195.000.000.00-296433056.000.003571778635.007186134196.000.00101437196400.00
the 0 0 0
period
of
prior
year
Add:
Adjust
0.000.000.000.000.000.000.000.000.000.000.000.00
ment
for
80BOE Technology Group Co. Ltd. Interim Report 2024
chang
e in
accou
nting
policy
Adjust
ment
for
correc 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
tion of
previo
us
error
Other
0.000.000.000.000.000.000.000.000.000.000.000.00
adjust
ments
2.
Balan
ce as
at the
beginn 2043402946.0 51741820724.0 462036240.0
37652529195.000.000.00-296433056.000.003571778635.007186134196.000.00101437196400.00
ing of 0 0 0
the
Report
ing
Period
3.
Increa
se/
decrea
se in -
the -2547779.00 0.00 -35287671.00 0.00 83129475.00 233903606.0 -41074397.00 0.00 0.00 54666943.00 0.00 292790177.00
period 0
(“-”
for
decrea
se)
3.1
Total
compr
ehensi 0.00 0.00 0.00 0.00 0.00 0.00 -41074397.00 0.00 0.00 1218453017.00 0.00 1177378620.00
ve
incom
e
81BOE Technology Group Co. Ltd. Interim Report 2024
3.2
Capita
l
increa
-
sed 82958828.00 311569689.00
-2547779.000.000.000.00231158640.00.000.000.000.000.00
and
reduce 0
d by
owner
s
3.2.1
Ordin
ary
shares
0.000.000.000.000.000.000.000.000.000.000.000.00
increa
sed by
owner
s
3.2.2
Capita
l
increa
sed by
holder 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
s of
other
equity
instru
ments
3.2.3
Share-
based
payme -
nts
0.000.000.000.0086395782.00225173907.00.000.000.000.000.00311569689.00
includ
ed in 0
owner
s’
equity
3.2.40.00
-2547779.000.000.000.00-3436954.00-5984733.000.000.000.000.000.00
Other
3.3
Profit
0.000.00-35287671.000.000.00-2744966.000.000.000.00-1163786074.000.00-1196328779.00
distrib
ution
82BOE Technology Group Co. Ltd. Interim Report 2024
3.3.1
Appro
priatio
n to 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
surplu
s
reserv
es
3.3.2
Appro
priatio
n to -1129073743.00 -1126328777.00
0.000.000.000.000.00-2744966.000.000.000.000.00
owner
s (or
shareh
olders
)
-34712331.00-70000002.00
3.3.30.000.00-35287671.000.000.000.000.000.000.000.00
Other
3.4
Transf
ers
within 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
owner
s’
equity
3.4.1
Increa
se in
capital
(or
0.000.000.000.000.000.000.000.000.000.000.000.00
share
capital
) from
capital
reserv
es
3.4.2
Increa 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
se in
capital
83BOE Technology Group Co. Ltd. Interim Report 2024
(or
share
capital
) from
surplu
s
reserv
es
3.4.3
Loss
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
surplu
s
reserv
es
3.4.4
Chang
es in
define
d
benefi
t
0.000.000.000.000.000.000.000.000.000.000.000.00
schem
es
transfe
rred to
retaine
d
earnin
gs
3.4.5
Other
compr
ehensi
ve
incom 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
e
transfe
rred to
retaine
d
earnin
84BOE Technology Group Co. Ltd. Interim Report 2024
gs
3.4.60.000.000.000.000.000.000.000.000.000.000.000.00
Other
3.5
Specif
ic 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
reserv
e
3.5.1
Increa
0.000.000.000.000.000.000.000.000.000.000.000.00
se in
the
period
3.5.2
Used 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
in the
period
3.6170647.00170647.00
0.000.000.000.000.000.000.000.000.000.00
Other
4.
Balan
ce as
at the
2008115275.051824950199.0228132634.0
end of 37649981416.00 0.00 0.00 -337507453.00 0.00 3571778635.00 7240801139.00 0.00 101729986577.00
the 0 0 0
Report
ing
Period
H1 2023
Unit: RMB
H1 2023
Other equity instruments Specif
Other
Item Prefer Less: Treasury ic Total owners’
Share capital Capital reserves comprehensive Surplus reserves Retained earnings Other
red Perpetual bonds Other stock reserv equity
income
shares e
1.
Balan
8176366808.053693627213.03508201911.0
ce as 38196363421.00 0.00 0.00 340345.00 0.00 3241063934.00 6624620470.00 0.00 106424180280.00
at the 0 0 0
end of
85BOE Technology Group Co. Ltd. Interim Report 2024
the
period
of
prior
year
Add:
Adjust
ment
for
chang 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
e in
accou
nting
policy
Adjust
ment
for
correc 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
tion of
previo
us
error
Other
0.000.000.000.000.000.000.000.000.000.000.000.00
adjust
ments
2.
Balan
ce as
at the
begin 8176366808.0 53693627213.0 3508201911.0
38196363421.000.000.00340345.000.003241063934.006624620470.000.00106424180280.00
ning 0 0 0
of the
Repor
ting
Period
3.
Increa
se/
decrea -
-
se in -10298610.00 0.00 6168251533.0 0.00 102805416.00 24189635.00 0.00 117522.00 -861852725.00 0.00 -6597092669.00
the 316197626.00 0
period
(“-”
for
86BOE Technology Group Co. Ltd. Interim Report 2024
decrea
se)
3.1
Total
compr
ehensi 0.00 0.00 0.00 0.00 0.00 0.00 25364856.00 0.00 0.00 1516720481.00 0.00 1542085337.00
ve
incom
e
3.2
Capita
l
increa -
sed -
-10298610.000.005967915094.00.00102805416.000.000.000.000.000.00-5576384559.00
and 299023729.00
reduce 0
d by
owner
s
3.2.1
Ordin
ary
shares
0.000.000.000.000.000.000.000.000.000.000.000.00
increa
sed by
owner
s
3.2.2
Capita
l
increa
sed by -
holder 0.00 0.00 5967915094.0 0.00 -32084906.00 0.00 0.00 0.00 0.00 0.00 0.00 -6000000000.00
s of 0
other
equity
instru
ments
3.2.3
Share-
based
payme -
0.000.000.000.00183404869.000.000.000.000.000.00423615441.00
nts 240210572.00
includ
ed in
owner
87BOE Technology Group Co. Ltd. Interim Report 2024
s’
equity
3.2.4
-10298610.000.000.000.00-48514547.00-58813157.000.000.000.000.000.000.00
Other
3.3
Profit -
0.000.000.000.00-17173897.000.000.000.00-2379630905.000.00-2562793447.00
distrib 200336439.00
ution
3.3.1
Appro
priatio
n to 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
surplu
s
reserv
es
3.3.2
Appro
priatio
n to
0.000.000.000.000.00-17173897.000.000.000.00-2296367344.000.00-2279193447.00
owner
s (or
shareh
olders
)
-
3.3.30.000.000.000.000.000.000.000.00-83263561.000.00-283600000.00
Other 200336439.00
3.4
Transf
ers
within 0.00 0.00 0.00 0.00 0.00 0.00 -1175221.00 0.00 117522.00 1057699.00 0.00 0.00
owner
s’
equity
3.4.1
Increa
se in
capital 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(or
share
capital
) from
88BOE Technology Group Co. Ltd. Interim Report 2024
capital
reserv
es
3.4.2
Increa
se in
capital
(or
share 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
capital
) from
surplu
s
reserv
es
3.4.3
Loss
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
surplu
s
reserv
es
3.4.4
Chang
es in
define
d
benefi
t
schem 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
es
transf
erred
to
retain
ed
earnin
gs
3.4.5
0.000.000.000.000.000.00-1175221.000.00117522.001057699.000.000.00
Other
compr
89BOE Technology Group Co. Ltd. Interim Report 2024
ehensi
ve
incom
e
transf
erred
to
retain
ed
earnin
gs
3.4.60.000.000.000.000.000.000.000.000.000.000.000.00
Other
3.5
Specif
ic 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
reserv
e
3.5.1
Increa
0.000.000.000.000.000.000.000.000.000.000.000.00
se in
the
period
3.5.2
Used 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
in the
period
3.6
0.000.000.000.000.000.000.000.000.000.000.000.00
Other
4.
Balan
ce as
at the
2008115275.053796432629.03192004285.0
end of 38186064811.00 0.00 0.00 24529980.00 0.00 3241181456.00 5762767745.00 0.00 99827087611.00
the 0 0 0
Repor
ting
Period
90BOE Technology Group Co. Ltd. Interim Report 2024
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 controlling shareholder of the Company and the Company’s actual controller is Beijing
Electronics Holdings Co. Ltd. (“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 and others. 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
issued by the Ministry of Finance (hereinafter referred to as MOF). These financial statements present truly and completely the
consolidated financial position and financial position as of 30 June 2024 the consolidated results of operations and results of operations
and the consolidated cash flows and cash flows in the first half year of 2024 of the Company.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.
91BOE Technology Group Co. Ltd. Interim Report 2024
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
Total assets of non-wholly-owned subsidiaries exceed 10% of
Significant non-wholly-owned subsidiaries，joint ventures orthe Group’s total assets or total revenue of non-wholly-owned
associates subsidiaries exceed 10% of the Group’s total revenue
Accumulated expenditure of individual R&D project exceeds
Significant capitalised 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
(1) Business combination involving entities under common control
A business combination involving enterprises under common control is a business combination in which all of the combining
enterprises are ultimately controlled by the same party or parties both before and after the business combination and that control is not
transitory. The assets and liabilities obtained are measured at the carrying amounts as recorded by the enterprise being combined at the
combination date. The difference between the carrying amount of the net assets obtained and the carrying amount of consideration paid
for the combination (or the total face value of shares issued) is adjusted to share premium in the capital reserve. If the balance of share
premium is insufficient any excess is adjusted to retained earnings. Other direct expenses occur when the Group conducting business
combinations is recognized in current profit and loss. The combination date is the date on which one combining enterprise effectively
obtains control of the other combining enterprises.
(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. When the Group acts as the
combination party the cost of a business combination paid by the acquirer is the aggregate of the fair value at the acquisition date of
assets given (including share equity of the acquiree held before the combination date) liabilities incurred or assumed and equity
securities issued by the acquirer. Any excess of the cost of a business combination over the acquirer’s interest in the fair value of the
acquiree’s identifiable net assets is recognized as goodwill while any excess of the acquirer’s interest in the fair value of the acquiree’s
identifiable net assets over the cost of a business combination is recognized in profit or loss. The cost of equity securities or liability
securities as on combination consideration offering is recognized in initial recording capital on equity securities or liability securities.Other direct expenses occur when the Group conducting business combinations is recognized in current profit and loss. The difference
between the fair value and the carrying amount of the assets given is recognized in profit or loss. The Group at the acquisition date
92BOE Technology Group Co. Ltd. Interim Report 2024
recognized the acquiree’s identifiable asset liabilities and contingent liabilities at their fair value at that date. The acquisition date is
the date on which the acquirer effectively obtains control of the acquiree.In a business combination not under same control realized by two or more transactions of exchange for the equities of the purchases
held before the purchase date the Group will execute the remeasurement according to the fair value of the equity on the purchase date
with the difference between the fair value and its book value be recorded in the current investment income or other comprehensive
income. The other comprehensive income which could be reclassified in the gains and losses afterwards under the measurement of the
equity method and the changes of the equities of the other owners that involved with the afterwards equity of the purchases held before
the purchase date should be transferred in the current investment income. When the equity in the acquiree held before the acquisition
date is the investment in equity instrument at fair value through other comprehensive income the other comprehensive income
recognized before the acquisition date shall be transferred into retained earnings on the acquisition date.
7. Criterion of Control and Preparation Methods for Consolidated Financial Statements
(1) General principle
The scope of consolidated financial statements is determined on the base of control which comprise the Company and its subsidiaries.The term “control” is the power of the Group upon an investee with which it can take part in relevant activities of the investee to obtain
variable returns and is able to influence the amount of returns. When judging whether the Group owns the right on the investees or not
the Group only considers the substantive rights related to the investees (including the substantive rights enjoyed by the Group itself
and by the other parties). The financial status operating results and cash flow of subsidiaries are included in the consolidated financial
statements from the date that control commences until the date that control ceases.Equity profit or loss attributable to minority shareholders is presented separately under the item of shareholders’ equity in consolidated
income statement and the net profits in the consolidated income statement.If current loss shoulder by minority shareholders of a subsidy over the proportion enjoyed by minority shareholders in a subsidy at
owners’ equity at period-begin its balance still offset minority shareholders’ equity.When the accounting period or accounting policies of a subsidiary are different from those of the Company the Company makes
necessary adjustments to the financial statements of the subsidiary based on the Company’s own accounting period or accounting
policies. 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 included 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) Disposing the subsidiaries
Where the control of former subsidiary was lost any disposal profit or loss occurred shall be recorded into the investment income
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.
93BOE Technology Group Co. Ltd. Interim Report 2024
Where the Group losses control on its original subsidiaries due to step by step disposal of equity investments through multiple
transactions should judge whether is the package deal according to the following principles:
- These deals are at the same time or under the condition of considering the influence of each other to concluded;
- These transactions only when be regarded as a whole could achieve a complete business result;
- The occurrence of a deal depends on at least one other transactions；
- A deal alone is not economical it is economical with other trading together.If each deal not belongs to a package deal as for each deal before losing the control right on the subsidiaries should be disposed
according to the accounting policies of partly disposing the equity investment of the subsidiaries under the situation not losing the
control right.If each deal belongs to a package deal considered as a transaction and conduct accounting treatment however before losing control
the differences between every disposal cost and the shares of the book value of the corresponding net assets continuously calculated
since the purchase date of the subsidiary of disposal investment are confirmed as other comprehensive income in consolidated financial
statements which together transferred into the current profits and losses in the loss of control when the Group losing control on its
subsidiary.
(4) Changes of non-controlling interests
Where the Company acquires a minority interest from a subsidiary’s minority shareholders or disposes of a portion of an interest in a
subsidiary without a change in control the difference between the amount by which the minority interests are adjusted and the amount
of the consideration paid or received is adjusted to the capital reserve (share premium) in the consolidated balance sheet. If the credit
balance of capital reserve (share premium) is insufficient any excess is adjusted to retained earnings.
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.
94BOE Technology Group Co. Ltd. Interim Report 2024
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 recognized in profit or loss except those arising from the principals and interests on foreign currency
borrowings specifically for the purpose of acquisition construction of qualifying assets. Non-monetary items denominated in foreign
currencies that are measured at historical cost are translated to Renminbi using the foreign exchange rate at the transaction date. Non-
monetary items denominated in foreign currencies that are measured at fair value are translated using the foreign exchange rate at the
date the fair value is determined; the exchange differences if it’s the difference arising from the non-monetary item of non-transactional
equity investments designated to be measured at fair value and changes thereof recorded into other comprehensive income it shall be
considered as other comprehensive income; other differences shall be recognized in current profit or loss.The assets and liabilities of foreign operation are translated to Renminbi at the spot exchange rate at the balance sheet date. The equity
items excluding “Retained earning” and “Difference arising from translation of foreign currency financial statements in othercomprehensive income” are translated to Renminbi at the spot exchange rates at the transaction dates. The income and expenses of
foreign operation are translated to Renminbi at rates that approximate the spot exchange rates at the transaction dates. The resulting
exchange differences are listed in other comprehensive income. Upon disposal of a foreign operation the cumulative amount of the
exchange differences recognized in equity which relates to that foreign operation is transferred to profit or loss in the period in which
the disposal occurs.
11. Financial instruments
Financial instruments of the Group include monetary assets bond investments equity investments other than 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 recognised 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 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. A trade receivable
without a significant financing component is initially measured at the transaction price according to Accounting Standards for Business
Enterprises No.14-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 amortised 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 amortised 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
- its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal
95BOE Technology Group Co. Ltd. Interim Report 2024
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 amortised cost or FVOCI as described above are measured at FVTPL. On initial
recognition the Group may irrevocably designate a financial asset that otherwise meets the requirements to be measured at amortised
cost or at FVOCI as at FVTPL if doing so eliminates or significantly reduces an accounting mismatch that would otherwise arise.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
recognised in profit or loss unless the financial assets are part of a hedging relationship.- Financial assets at amortised cost
These assets are subsequently measured at amortised cost using the effective interest method. A gain or loss on a financial asset that is
measured at amortised cost and is not part of a hedging relationship shall be recognised in profit or loss when the financial asset is
derecognised reclassified through the amortisation process or in order to recognise 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 recognised in profit or loss. Other net gains and losses are recognised in other comprehensive
96BOE Technology Group Co. Ltd. Interim Report 2024
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 recognised as income in profit or loss. Other net gains and losses
are recognised in other comprehensive income. 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 amortised 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
recognised in profit or loss unless the financial liabilities are part of a hedging relationship.- Financial liabilities at amortised cost
These financial liabilities are subsequently measured at amortised 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 recognised amounts；
- The Group intends either to settle on a net basis or to realise the financial asset and settle the financial liability simultaneously.
(5) Derecognition of financial assets and financial liabilities
Financial asset is derecognised 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
97BOE Technology Group Co. Ltd. Interim Report 2024
is recognised 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 recognised directly in other comprehensive income for the part derecognised.The Group derecognises a financial liability (or part of it) only when its contractual obligation (or part of it) is extinguished.
(6) Impairment
The Group recognises loss allowances for expected credit loss (ECL) on:
- financial assets measured at amortised 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.
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Provisions for bad and doubtful debts arising from receivables
(a) 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.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: customers with high credit risk
customers with low credit risk and customers 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.(b) Criteria for determining the bad debt provision based on individual items
For notes receivables accounts receivables financing receivables other receivables and contract assets the Group measured the loss
reserves based on the credit risk characteristic portfolio. If the credit risk characteristics of a certain counterparty are significantly
different from other counterparties in the portfolio or if there is a significant change in the credit risk characteristics of that counterparty
a loss provision is made on an individual basis for the receivable from that counterparty. For instance when a counterparty experiences
severe financial difficulties and the expected credit loss rate for the receivable from that counterparty is significantly higher than the
expected credit loss rate for that counterparty's age group a specific provision for loss is made for that counterparty.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;
99BOE Technology Group Co. Ltd. Interim Report 2024
- 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.Depending on the nature of the financial instruments the assessment of a significant increase in credit risk is performed on either an
individual basis or a collective basis. When the assessment is performed on a collective basis the financial instruments are grouped
based on shared credit risk characteristics such as past due status and credit risk ratings.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 amortised 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;
- 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 reorganisation; 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 recognised as an impairment gain or loss in profit or loss. The Group recognises 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 recognised 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 recognised as a reversal of impairment in profit or loss in the
period in which the recovery occurs.
(7) Equity instrument
The consideration received from the issuance of equity instruments net of transaction costs is recognised in shareholders’ equity.
100BOE Technology Group Co. Ltd. Interim Report 2024
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 recognised 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
financial liabilities and equity instruments.Perpetual bonds issued that should be classified as equity instruments are recognised 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
101BOE Technology Group Co. Ltd. Interim Report 2024
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.Contractual assets are impaired on the basis of expected credit losses (See V Significant Accounting Policies and Estimates-11.Financial Instruments for details).
17. Inventory
(1) Classification and cost of inventories
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 do not meet the definition of fixed assets.Inventories are initially measured by the cost. Cost of inventories comprises all costs of purchase costs of conversion and other costs.Inventories are initially measured at their actual cost. In addition to the purchasing cost of raw materials work in progress and finished
goods include direct labor costs and an appropriate allocation of production overheads.
(2) Pricing method for outgoing inventories
Cost of inventories is calculated using the weighted average method.
(3) Inventory system for inventories
The Group maintains a perpetual inventory system.
(4) Amortization method for low-value consumables and packing materials
Revolving materials such as the low priced and easily worn articles and the packing materials should be amortized by adopting one-
time amortization method and be recorded in the cost of the relevant assets or the current gains and losses.
(5) Recognition basis of net realizable value and withdrawal method of depreciation reserves for inventories
On the balance sheet day inventories are carried at the lower of cost and net realizable value.Net realizable value is the estimated selling price in the normal course of business less the estimated costs to completion and the
estimated expenses and related taxes necessary to make the sale. The net realizable value of materials held for use in the production of
inventories is measured based on the net realizable value of the finished goods in which they will be incorporated. The net realizable
value of the quantity of inventory held to satisfy sales or service contracts is based on the contract price. If the quantities of inventories
specified in sales contracts are less than the quantities held by the Group the net realizable value of the excess portion of inventories
shall be based on general selling prices.Any excess of the cost over the net realizable value of each class of inventories is recognized as a provision for diminution in the value
of inventories and then recorded into current profit or loss.
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.A disposal group refers to a group of assets to be disposed of by sale or otherwise together as a whole in a single transaction and
liabilities directly associated with those assets that will be transferred in the transaction.The Group should divide the non-current assets (or the disposal group that is an asset group concurrently be disposed through selling
or other methods as an entirety in a transaction and the liabilities directly related to the assets from the transfer among the transaction
the same below )which simultaneously meet with the following conditions as the assets held for sale.
102BOE Technology Group Co. Ltd. Interim Report 2024
– 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 measures the non-current assets held for sale deferred income tax assets and the investment properties be follow-up
measured by the fair value mode according to the lower one between the book value and the fair value after deducting the net amount
of the disposal expenses while the deference that the book value higher than the fair value which deducted the disposal expenses should
be recognized as the impairment losses of the assets.
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) Recognition of the investment cost of the long-term equity investment
(a) Long-term equity investments acquired through a business combination– The initial investment cost of a long-term equity
investment obtained through a business combination involving entities under common control is the Company’s share of the
subsidiary’s equity at the combination date. The difference between the initial investment cost and the carrying amounts of the
consideration given is adjusted to share premium in capital reserve. If the balance of the share premium is insufficient any excess is
adjusted to retained earnings. For the long-term equity investment of the subsidiaries formed from the enterprise merger under the same
control that realized step by step of the multiple transaction not belong to package deal the Company would adjust the capital stock
premium among the capital surplus according to the difference between the initial investment cost of the long-term equity investment
recognized according to the above principles and the sum of the book value of the long-term equity investment before reaching the
merger and the book value of the newly paid consideration which be further received on the merger date and if the balance of the share
premium is insufficient any excess is adjusted to retained earnings.– For other long-term equity investment obtained through entities not under common control the fair values on the acquisition date
of the assets given the liabilities incurred or assumed and the equity securities issued by the acquirer in exchange for the control on
the acquiree shall be recognized as initial investment cost of the long-term equity investment. For long-term equity investment obtained
through a business combination involving entities not under common control by two or more transactions and by several steps the
initial investment cost is recognized as the aggregation of the carrying value of acquirees’ equity investment before the acquisition date
held by the Company and newly investment cost at the acquisition date.(b) Long-term equity investments acquired otherwise than through a business combination
For the Long-term equity investments acquired otherwise than through a business combination if the long-term investment is acquired
by paying cash the Group shall upon initial recognition take the purchase price actually paid as the initial investment cost ;
For the long-term equity investment obtained by issuing equity securities the Group takes the fair value of equity securities issued as
103BOE Technology Group Co. Ltd. Interim Report 2024
the initial investment cost.
(2) Subsequent measurement and recognition of profits or losses of the long-term equity investment
(a) Investments in subsidiaries
In the Company’s financial statements investments in subsidiaries are accounted for using the cost method unless the investment is
classified as held for sale. Cash dividends or profit distributions declared by subsidiaries and attributed to the Company shall be
recognized as investment income without dividing whether it’s the net profit realized by the investee before the investment or after
the investment except those that have been declared but unpaid at the time of acquisition and therefore included in the price paid or
consideration.The investment into the subsidiaries is stated at cost less impairment losses in the balance sheet.As for the impairment testing method and impairment provisions for investments in subsidiaries please refer to V. Significant
Accounting Policies and Estimates-30. Long-term Asset Impairment.In the Group’s consolidated financial statements long-term equity investments in subsidiaries are treated in accordance with V.Significant Accounting Policies and Estimates-7. Preparation Method for Consolidated Financial Statements.(b) Investment in jointly controlled enterprises and associates
The joint enterprise refers to an arrangement that the Group and other joint operation parties execute jointly control and only enjoy the
rights of their own net assets.An associate is an enterprise over which the Group has significant influence.Upon the subsequent measurement an investment in a jointly controlled enterprise or an associate is accounted for using the equity
method unless the investment is classified as held for sale.The Group makes the following accounting treatments when using the equity method:
– Where the initial investment cost of a long-term equity investment exceeds the Group’s interest in the fair value of the investee’s
identifiable net assets at the date of acquisition the investment is initially recognized at the initial investment cost. Where the initial
investment cost is less than the Group’s interest in the fair value of the investee’s identifiable net assets at the date of acquisition the
investment is initially recognized at the investor’s share of the fair value of the investee’s identifiable net assets and the difference is
charged to profit or loss.– After the acquisition of the investment the Group recognizes its share of the investee’s net profits or losses after deducting the
amortization of the debit balance of equity investment difference which was recognized by the Group before the first-time adoption
of CAS as investment income or losses and adjusts the carrying amount of the investment accordingly. The debit balance of the equity
investment difference is amortized using the straight-line method over a period which is determined in accordance with previous
accounting standards. Once the investee declares any cash dividends or profits distributions the carrying amount of the investment is
reduced by that attributable to the Group. As for the other changes of the owners’ equities except for the net gains and losses othercomprehensive income and profits distribution of the joint ventures or associated enterprises (hereinafter referred to as “changes ofother owners’ equities”) the Group included which in the shareholders’ equities according to the portion ought to be enjoyed or shared
and at the same time adjust the book value of the long-term equity investment.– The Group recognizes its share of the investee’s net profits or losses other comprehensive income and changes of other owners’
equities after making appropriate adjustments to align the accounting policies or accounting periods with those of the Group based on
the fair values of the investee’s identifiable net assets at the date of acquisition. Unrealized profits and losses resulting from transactions
between the Group and its associates or jointly controlled enterprises are eliminated to the extent of the Group’s interest in the associates
or jointly controlled enterprises. Unrealized losses resulting from transactions between the Group and its associates or jointly controlled
enterprises are eliminated in the same way as unrealized gains but only to the extent that there is no evidence of impairment.– The Group discontinues recognizing its share of net 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 associate or the jointly controlled enterprise
is reduced to zero except to the extent that the Group has an obligation to assume additional losses. Where net profits are subsequently
104BOE Technology Group Co. Ltd. Interim Report 2024
made by the associate or jointly controlled enterprise the Group resumes recognizing its share of those profits only after its share of
the profits equals the share of losses not recognized.As for the impairment testing method and impairment provisions for investments in joint ventures and associated enterprises please
refer to V. Significant Accounting Policies and Estimates-30. Long-term Asset Impairment.
(3) The basis for determination of joint control or significant influence over investee enterprise
Joint control refers to the control jointly owned on certain arrangement according to relevant agreement and the relevant activities of
the arrangement (which are the activities cause significant influences on the arrangement) could only execute the decision-making
through the unanimous consent of the parties sharing control.The following evidences shall be considered when determining whether the Group can exercise joint control over an investee:
? No single venture is in a position to control the operating activities unilaterally;
? Operating decisions relating to the investee’s economic activity require the unanimous consent of the parties sharing 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 over those policies.
23. Investment Property
Measurement model for investment property
Cost measurement
Method of depreciation and amortization
The Company classified its real estate held for earning rents or capital appreciation or for both into the investment property. The
Company applied the cost model to measure the investment real estate. Namely it would be presented in the Balance Sheet through
deducting the accumulated depreciation amortization and the depreciation reserves from the costs. Besides the Company would
calculate and withdraw or amortize the investment real estate by using the straight-line method within the service life through deducting
the predicted net residual value and the accumulated provision reserves from the costs unless the investment real estate could meet
corresponding held-for-sale conditions. See See V Significant Accounting Policies and Estimates-30. Impairment of Long-term Assets
for details about methods for impairment testing and impairment provision.The life time residual rate and yearly depreciation of various investment properties are respectively as follows:
Item Life time Residual rate Yearly depreciation
Land use right 32-50 years 0% 2%-3.1%
Houses and buildings 20-40 years 0%-10% 2.3%-5%
105BOE Technology Group Co. Ltd. Interim Report 2024
24. Fixed Assets
(1) Conditions for Recognition
Fixed assets represent the tangible assets held by the Group for use in the production of goods or supply of services for rental to others
or for operation and administrative purposes with useful lives over one year.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.The subsequent costs including the cost of replacing part of an item of fixed assets are recorded into fixed asset cost when the economic
interests related to costs may flow into the Group and the carrying amount of the replaced part is derecognized. The costs of the day-
to-day servicing of fixed assets are recognized in profit or loss as incurred.Fixed assets are stated in the balance sheet at cost less accumulated depreciation and impairment losses.
(2) Depreciation Methods
The cost of a fixed asset less its estimated residual value and accumulated impairment losses is depreciated using the straight-line
method over its estimated useful life unless the fixed asset is classified as held for sale.The estimated useful lives residual value rates and depreciation rates of each class of fixed assets are as follows:
Category of fixed
Depreciation method Depreciable life Residual value rate (%) Yearly depreciation
assets
Houses and buildings Straight-line method 10-50 years 3%-10% 1.8%-9.7%
Equipments Straight-line method 2-25 years 0-10% 3.6%-50%
Others Straight-line method 2-10 years 0-10% 9.0%-50%
Useful lives residual values and depreciation methods are reviewed at least at each year-end.
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:
106BOE Technology Group Co. Ltd. Interim Report 2024
Category Criteria for the transfers to fixed assets
Plant and buildings Satisfy the acceptance criteria and be available for its predetermined readiness for use
Installation and commissioning are qualified and be available for its predetermined readiness for
Machinery and equipment
use?
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 recognised as financial expenses when incurred.During the capitalisation period the amount of interest (including amortisation of any discount or premium on borrowing) to be
capitalised 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 capitalised
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 capitalisation is determined by applying a capitalisation rate to the weighted average of the
excess amounts of cumulative expenditure on the asset over the above amounts of specific borrowings. The capitalisation 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 recognised amount of the borrowings.During the capitalisation period exchange differences related to the principal and interest on a specific-purpose borrowing denominated
in foreign currency are capitalised 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 recognised as a financial expense when incurred.The capitalisation period is the period from the date of commencement of capitalisation of borrowing costs to the date of cessation of
capitalisation excluding any period over which capitalisation is suspended. Capitalisation of borrowing costs commences when
expenditure for the asset is being incurred borrowing costs are being incurred and activities of acquisition and construction that are
necessary to prepare the asset for its intended use are in progress and ceases when the assets become ready for their intended use.When the parts of the qualifying assets acquired or constructed that are eligible for capitalisation are completed separately and each
part is available for use in other parts of the construction process or can be sold externally and for the purpose of making the parts of
the assets ready for use or necessary for the sales status the acquisition or construction activities have been substantially completed
the Group ceases the capitalization of the borrowing costs related to the parts of the assets. Capitalisation of borrowing costs is
suspended when the acquisition and construction activities are interrupted abnormally for a period of more than three months.
27. Living Assets
Naught
28. Oil and Gas Assets
Naught
107BOE Technology Group Co. Ltd. Interim Report 2024
29. Intangible Assets
(1) Service life and its basis for determination estimate amortization method or review procedure
Intangible assets are stated in the balance sheet at cost less accumulated amortisation (where the estimated useful life is finite) and
impairment losses (see 30. Long-term asset impairment under V. Significant Accounting Policies and Accounting Estimates).As for the intangible assets with limited useful life after deducting the salvage of the cost and the impairment provision the Group
amortized the intangible assets through straight line method within the expected service life unless the intangible assets are classified
as held for sale.The estimated useful lives basis for determination and amortisation 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?
Patents and know-how 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 amortisation methods of intangible asset with finite useful life 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 doesn’t have any intangible assets
with indefinite useful lives.
(2) The scope of research and development expenditures
a. The basis for the classification of internal R&D projects under the research phase and the development phase
- The phase of planned investigations to acquire new techniques and knowledge should be identified as the research phase which
is characterised by among other things a planned and exploratory approach.- The phase of applying research results or other knowledge to a plan or design to produce new or substantially improved materials
devices products etc. prior to commercial production or use shall be identified as the development phase which is characterised by
its relevance and greater likelihood of generating results.b. Specific criteria for dividing the research phase and development phase of internal research and development projects:
Expenditure on the development phase is recognized as an intangible asset only if the following conditions are met simultaneously:
- The completion of the intangible assets makes it technically feasible for using or selling;
- There is the intention to complete and use or sell the intangible assets;
- The way in which an intangible asset generates economic benefits including the proof that the products produced with the intangible
assets can be sold in a market or the proof of its usefulness if the intangible assets can be sold in a market and will be used internally;
- There are sufficient technical financial resources and other resources to support the development of the intangible assets and the
ability to use or sell the intangible assets;
- Expenditure attributable to the development stage of intangible assets can be measured reliably.
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:
108BOE Technology Group Co. Ltd. Interim Report 2024
- 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.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 recognised 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 recognised 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 recognised 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)
Royalty paid in advance 1-11 years
Cost of construction and use of public facilities 10-15 years
Cost of operating lease assets improvement 2-10 years
Others 2-10 years
109BOE Technology Group Co. Ltd. Interim Report 2024
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
a. Post-employment benefits – defined contribution plans
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
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.b. Post-employment benefits – defined benefit plans
During the reporting period the Group did not have defined benefit plans.
(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
110BOE Technology Group Co. Ltd. Interim Report 2024
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.
35. Share-based Payment
(1) Classification of share-based payments
Share-based payment transactions in the Group are equity-settled share-based payments.
(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 recognises
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 recognises 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 the gross inflow of economic benefits arising in the course of the Group’s ordinary activities when the inflows result in
increase in shareholders’ equity other than increase relating to contributions from shareholders.Revenue is recognised when the Group satisfies the performance obligation in the contract by transferring the control over relevant
goods or services to the customers.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 recognises 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
111BOE Technology Group Co. Ltd. Interim Report 2024
to the entity maximises 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 recognises the option as a performance obligation and recognises 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.For the 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 recognises for the
promised warranty as a performance obligation. Otherwise the Group accounts for the warranty in accordance with the requirements
of CAS No.13 – Contingencies.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 recognises the transaction price
only to the extent that it is highly probable that a significant reversal in the amount of cumulative revenue recognised 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 recognises 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 amortised 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
112BOE Technology Group Co. Ltd. Interim Report 2024
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 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;
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:
113BOE Technology Group Co. Ltd. Interim Report 2024
- 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
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 for details). 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 delivered and 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 recognises 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 recognises revenue at the point in time at which
the customer obtains control of relevant services.
114BOE Technology Group Co. Ltd. Interim Report 2024
38. Contract Costs
Contract costs are either the incremental costs of obtaining a contract with a customer or the costs to fulfil a contract with a customer.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 recognises 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
recognises 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 labour 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 recognised for the incremental costs of obtaining a contract and assets recognised for the costs to fulfil a contract (the “assetsrelated to contract costs”) are amortised on a systematic basis that is consistent with the transfer to the customer of the goods or services
to which the assets relate and recognised in profit or loss for the current period.The Group recognises 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 recognised as expenses.
39. Government grants
Government grants are non-reciprocal transfers of monetary or non-monetary assets from the government to the Group except for
capital contributions from the government in the capacity as an investor in the Group.A government grant is recognised 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
115BOE Technology Group Co. Ltd. Interim Report 2024
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.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 Note V. Significant Accounting Policies and Estimates-26. Borrowing Costs)
the interest subsidy shall be used to offset relevant asset costs.Note: Specific criteria for asset-related government subsidies and income-related government subsidies shall be distinguished. If the
government document does not specify the subsidy object the judgment basis for determining the government subsidy is asset-related
or income-related shall be described. Whether government subsidies adopt the gross method or the net method shall be disclosed. If
the gross method is adopted the amortization method of deferred income related to government subsidies and the recognition method
of the amortization period shall also be disclosed. The time when government subsidies are confirmed shall be disclosed.
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.If a single transaction is not a business combination does not affect neither accounting profit nor taxable income (or deductible losses)
upon the occurrence thereof and the initial recognition of assets and liabilities does not result in taxable temporary differences and
deductible temporary differences of equal amounts then the temporary differences arising from that transaction do not give rise to
deferred income tax. Temporary differences arising from the initial recognition of goodwill also do not give rise to related deferred
income tax.
116BOE Technology Group Co. Ltd. Interim Report 2024
On the balance sheet date the Group measures the book amounts of deferred income tax assets and liabilities based on the applicable
tax rates expected to apply during the period when the asset is realized or the liability is settled as per the enacted tax laws.On the balance sheet date the Group reviews the book value of deferred income tax assets. If it is probable that sufficient taxable
income will not be available in future periods to offset the benefits of deferred tax assets the carrying amount of the deferred tax assets
will be reduced. The amount of the write-down is reversed when it is probable that sufficient taxable income will be obtained.On 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. Lease
(1) Accounting Treatment of Lease as Leasee
The Group recognises a right-of-use asset and a lease liability at the lease commencement date. The right-of-use asset is initially
measured at cost which comprises the initial amount of the lease liability any lease payments made at or before the commencement
date (less any lease incentives received) any initial direct costs incurred and an estimate of costs to dismantle and remove the underlying
asset or to restore the site on which it is located or restore the underlying asset to the condition required by the terms and conditions of
the lease.The right-of-use asset is depreciated using the straight-line method. If the lessee is reasonably certain to exercise a purchase option by
the end of the lease term the right-of-use asset is depreciated over the remaining useful lives of the underlying asset. Otherwise the
right-of-use asset is depreciated from the commencement date to the earlier of the end of the useful life of the right-of-use asset or the
end of the lease term. Impairment losses of right-of-use assets are accounted for in accordance with the accounting policy described in
30. Long-term asset impairment under V. Significant Accounting Policies and Accounting Estimates.
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.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 commencement date the Group remeasures lease liabilities based on the present value of
revised lease payments:
- 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;
117BOE Technology Group Co. Ltd. Interim Report 2024
- there is a change in the assessment of whether the Group will exercise a purchase extension or termination option or there is a change
in the exercise of the extension or termination option.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 (Individual leased assets have a lower value when they are brand 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 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 finance lease
asset. The finance lease receivable is initially measured at an amount equal to the net investment in the lease. The net investment in the
lease is measured at the aggregate of the unguaranteed residual value and the present value of the lease receivable that are not received
at the commencement date discounted using the interest rate implicit in the lease.The Group calculates and recognises interest income for each period of the lease term based on a fixed periodic interest rate. The
derecognition and impairment of the finance lease receivable are recognised in accordance with the accounting policy described in 11.Financial instruments under V. Significant Accounting Policies and Accounting Estimates. 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. The initial direct costs incurred in respect of the operating lease are initially capitalised and subsequently amortised in profit or
loss over the lease term on the same basis as the lease income. Variable lease payments not included in lease receipts are recognised
as income as they are earned.
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.
118BOE Technology Group Co. Ltd. Interim Report 2024
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). On disposal of an asset group or a set of asset groups
any attributable goodwill is written off and included in the calculation of the profit or loss on disposal.
(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
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
119BOE Technology Group Co. Ltd. Interim Report 2024
(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 2024
□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 BOE Optoelectronics Technology Co. Ltd. 15%
Chengdu BOE Optoelectronics Technology Co. Ltd. 15%
Hefei BOE Optoelectronics Technology Co. Ltd. 15%
Qingdao 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%
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%
Chongqing BOE Jingyuan Technology Co. Ltd. 15%
Beijing BOE Tea Valley Electronic 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%
120BOE Technology Group Co. Ltd. Interim Report 2024
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) Techonology Co. Ltd. 15%
Hefei BOE Semiconductor Co. Ltd. 15%
BOE Energy Technology Co. Ltd. 15%
Yunnan Chuangshijie Optoelectronics Technology Co. Ltd. 15%
Chongqing BOE Electronic Technology Co. Ltd. 15%
Beijing BOE Sensor Technology Co. Ltd. 15%
2. Tax Preference
Pursuant to the Corporate Income Tax Law of the People’s Republic of China treatment No. 28 corporate income tax for key advanced
and high-tech enterprises supported by the State is applicable to a preferential tax rate of 15%.The Company shall pay enterprise income tax at a reduced tax rate of 15% between 1 January 2021 and 31 December 2030 on the
preferential income tax policies for enterprises registered in the western regions according to the Article 1 of the Announcement No.
23 of 2020 by the Ministry of Finance State Taxation Administration and National Development and Reform Commission.
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 1097973.00 802967.00
Bank deposits 80812179244.00 70593964639.00
Other monetary assets 1388863720.00 1872625112.00
Deposits placed with finance companies 0.00 0.00
Total 82202140937.00 72467392718.00
Of which: Total amount deposited overseas 7465911696.00 6120969123.00
Other notes:
N/A
2. Trading Financial Assets
Unit: RMB
Item Ending balance Beginning balance
Financial assets at fair value through profit or loss 8413163737.00 7755964495.00
Of which:
Structured deposits and wealth management products 8220319994.00 7476126776.00
Equity instrument investments 192843743.00 279837719.00
Financial assets designated to be measured at fair value and changes 0.00 0.00
121BOE Technology Group Co. Ltd. Interim Report 2024
thereof recorded into the current profit or loss
Of which:
Total 8413163737.00 7755964495.00
Other notes:
N/A
3. Derivative Financial Assets
Unit: RMB
Item Ending balance Beginning balance
N/A
Total 0.00 0.00
Other notes:
N/A
4. Notes Receivable
(1) Notes Receivable Listed by Category
Unit: RMB
Item Ending balance Beginning balance
Bank acceptance bill 410274588.00 342699932.00
Commercial acceptance bill 19781142.00 32877079.00
Total 430055730.00 375577011.00
122BOE Technology Group Co. Ltd. Interim Report 2024
(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
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
430077416.00100.00%21686.000.01%430055730.00375596655.00100.00%19644.000.01%375577011.00
provision accrued by
group
Of which:
Bank
410274588.0095.40%0.000.00%410274588.00342699932.0091.24%0.000.00%342699932.00
acceptance portfolio
Trade
19802828.004.60%21686.000.11%19781142.0032896723.008.76%19644.000.06%32877079.00
acceptance portfolio
Total 430077416.00 100.00% 21686.00 0.01% 430055730.00 375596655.00 100.00% 19644.00 0.01% 375577011.00
Category name of withdrawal of bad debt provision by group: Grouping of bank acceptance bill and grouping of commercial acceptance bill
Unit: RMB
Ending balance
Name
Carrying amount Provision for impairment Withdrawal proportion
Bank acceptance portfolio 410274588.00 0.00 0.00%
Trade acceptance portfolio 19802828.00 21686.00 0.11%
Total 430077416.00 21686.00
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
123BOE Technology Group Co. Ltd. Interim Report 2024
If adopting the general mode of expected credit loss to withdraw bad debt provision of notes 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
Category Beginning balance Ending balance
Withdrawal Reversal or recovery Write-off Others
Trade acceptance
19644.002042.000.000.000.0021686.00
portfolio
Total 19644.00 2042.00 0.00 0.00 0.00 21686.00
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 56816823.00
Commercial acceptance bill 0.00
Total 56816823.00
(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
Item Amount of recognition termination at the period-end Amount of not recognition termination at the period-end
Bank acceptance bill 0.00 248300286.00
Commercial acceptance bill 0.00 0.00
Total 0.00 248300286.00
124BOE Technology Group Co. Ltd. Interim Report 2024
(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 procedures Whether generated from
Subsidiary Nature Amount verified Reason for verification
performed connected transactions
N/A
Notes of the verification of notes receivable:
N/A
5. Accounts Receivable
(1) Disclosure by Aging
Unit: RMB
Ageing Ending carrying balance Beginning carrying balance
Within one year (including one year) 31492532549.00 32716203140.00
1 One to two years 442565801.00 350015788.00
2 Two to three years 237501522.00 191517633.00
Over three years 308903234.00 242931406.00
3 Three to four years 163772970.00 139963089.00
4 Four to five years 78673903.00 69617372.00
Over five years 66456361.00 33350945.00
Total 32481503106.00 33500667967.00
125BOE Technology Group Co. Ltd. Interim Report 2024
(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 Withdr
Withdraw
Proporti Carrying value awal Carrying value
Amount Amount al Amount Proportion Amount
on proport
proportion
ion
Accounts
receivable
for which
bad debt 1047231007.00 3.22% 24270419.00 2.32% 1022960588.00 823701703.00 2.46% 21753190.00 2.64% 801948513.00
provision
accrued
separately
Of
which:
Customers
with a
27031831.000.08%24270419.0089.78%2761412.0024192778.000.07%21753190.0089.92%2439588.00
high credit
risk
Customers
with a low 1020199176.00 3.14% 0.00 0.00% 1020199176.00 799508925.00 2.39% 0.00 0.00% 799508925.00
credit risk
Accounts
receivable
withdrawa
l of bad
31434272099.0096.78%135646013.000.43%31298626086.0032676966264.0097.54%113498287.000.35%32563467977.00
debt
provision
by
portfolio
Of
which:
Customers 31434272099.00 96.78% 135646013.00 0.43% 31298626086.00 32676966264.00 97.54% 113498287.00 0.35% 32563467977.00
126BOE Technology Group Co. Ltd. Interim Report 2024
with a
moderate
credit risk
Total 32481503106.00 100.00% 159916432.00 0.49% 32321586674.00 33500667967.00 100.00% 135251477.00 0.40% 33365416490.00
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 Withdrawal Reason for
Carrying amount Provision for impairment Carrying amount Provision for impairment
proportion withdrawal
Customers with
a high credit 24192778.00 21753190.00 27031831.00 24270419.00 89.78% N/A
risk
Customers with
799508925.00 0.00 1020199176.00 0.00 0.00% N/A
a low credit risk
Total 823701703.00 21753190.00 1047231007.00 24270419.00
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 31434272099.00 135646013.00 0.43%
Total 31434272099.00 135646013.00
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
127BOE Technology Group Co. Ltd. Interim Report 2024
(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 Ending balance balance Withdrawal Write-off Others
recovery
Customers with
a high credit 21753190.00 2724945.00 -212000.00 0.00 4284.00 24270419.00
risk
Customers with
a moderate 113498287.00 29704840.00 -6257619.00 -1620481.00 320986.00 135646013.00
credit risk
Total 135251477.00 32429785.00 -6469619.00 -1620481.00 325270.00 159916432.00
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
N/A
(4) Accounts Receivable with Actual Verification during the Reporting Period
Unit: RMB
Item Amount verified
Accounts receivable with actual verification 1620481.00
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 of the 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
Ending balance of Proportion to total
Ending balance of bad debt provision
Ending balance of accounts ending balance of
Subsidiary accounts of accounts
contract assets receivable and accounts
receivable receivable and
contract assets receivable and
impairment
128BOE Technology Group Co. Ltd. Interim Report 2024
contract assets provision for
contract assets
Customer 1 2783279123.00 0.00 2783279123.00 8.54% 0.00
Customer 2 2429459627.00 1557282.00 2431016909.00 7.46% 0.00
Customer 3 1558503539.00 0.00 1558503539.00 4.78% 0.00
Customer 4 1528906856.00 0.00 1528906856.00 4.69% 0.00
Customer 5 1120858759.00 0.00 1120858759.00 3.44% 0.00
Total 9421007904.00 1557282.00 9422565186.00 28.91% 0.00
6. 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 117056795.00 1599073.00 115457722.00 96528397.00 817655.00 95710742.00
Total 117056795.00 1599073.00 115457722.00 96528397.00 817655.00 95710742.00
(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
129BOE Technology Group Co. Ltd. Interim Report 2024
(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
117056795.00100.00%1599073.001.37%115457722.0096528397.00100.00%817655.000.85%95710742.00
separately 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 117056795.00 100.00% 1599073.00 1.37% 115457722.00 96528397.00 100.00% 817655.00 0.85% 95710742.00
Category name of bad debt provision accrued by item: Bad debt provision accrued by item
Unit: RMB
Beginning balance Ending balance
Name Provision for Provision for Withdrawal
Carrying amount Carrying amount Reason for withdrawal
impairment impairment proportion
Bad debt provision separately accrued 96528397.00 817655.00 117056795.00 1599073.00 1.37% N/A
Total 96528397.00 817655.00 117056795.00 1599073.00
Withdrawal of bad debt provision by adopting the general mode of expected credit loss
□Applicable □Not applicable
(4) Bad Debt Provision Withdrawn Reversed or Recovered in the Reporting Period
Unit: RMB
Item Withdrawal of the Current Period Reversal or recovery in the Reporting Period Verification Reason
Provision for impairment of assets 781418.00 0.00 0.00 N/A
Total 781418.00 0.00 0.00
130BOE Technology Group Co. Ltd. Interim Report 2024
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
7. Accounts Receivable Financing
(1) Accounts Receivable Financing Listed by Category
Unit: RMB
Item Ending balance Beginning balance
Bank acceptance bill 428298548.00 408534622.00
Total 428298548.00 408534622.00
131BOE Technology Group Co. Ltd. Interim Report 2024
(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
428298548.00100.00%0.000.00%428298548.00408534622.00100.00%0.000.00%408534622.00
separately accrued
Of which:
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:
Total 428298548.00 100.00% 0.00 0.00% 428298548.00 408534622.00 100.00% 0.00 0.00% 408534622.00
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 loss in the next 12 Expected credit losses for the whole Expected credit losses for the whole Total
months existence period (no credit impairment) existence period (with credit impairment)
Balance of 1 January 2024 0.00 0.00 0.00 0.00
Balance of 1 January 2024 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
0.000.000.000.00
period
132BOE Technology Group Co. Ltd. Interim Report 2024
Amount written-off for the current period 0.00 0.00 0.00 0.00
Other changes 0.00 0.00 0.00 0.00
Balance of 30 June 2024 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 other receivables for which changes in the loss reserve for the current period occurred: N/A
133BOE Technology Group Co. Ltd. Interim Report 2024
(3) 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
(4) Accounts Receivable Financing Pledged by the Company at the Period-end
Unit: RMB
Item Amount pledged at the period-end
N/A
(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 638208455.00 0.00
Total 638208455.00 0.00
(6) Accounts Receivable Financing with Actual Verification for the Current Period
Unit: RMB
Item Amount verified
Accounts Receivable Financing with Actual Verification for the
0.00
Current Period
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
134BOE Technology Group Co. Ltd. Interim Report 2024
(7) The Changes of Accounts Receivable Financing in the Current Period and the Changes in Fair Value
N/A
(8) Other Notes
N/A
8. Other Receivables
Unit: RMB
Item Ending balance Beginning balance
Interest receivable 0.00 0.00
Dividends receivable 74630717.00 0.00
Other receivables 661826674.00 726659207.00
Total 736457391.00 726659207.00
(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
135BOE Technology Group Co. Ltd. Interim Report 2024
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) 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
Other notes: N/A
(2) Dividends Receivable
1) Category of Dividends Receivable
Unit: RMB
Project (or investee) Ending balance Beginning balance
Bank of Chongqing Co. Ltd. 10279560.00 0.00
New Century Healthcare Holding Co.
739716.000.00
Limited
Honor Device Co. Ltd. 51816984.00 0.00
VusionGroup S.A. 11794457.00 0.00
Total 74630717.00 0.00
2) Significant Dividend Receivable Aging Over One Year
Unit: RMB
Whether occurred
Project (or investee) Ending balance Ageing Unrecovered reason impairment and its
judgment basis
136BOE Technology Group Co. Ltd. Interim Report 2024
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) 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
Refund of value added tax and refund of
0.000.00
tax for export
Equity transfer fee receivable 200000000.00 200000000.00
Deposits and guaranteed deposits 336559125.00 398335916.00
Others 136185878.00 141433917.00
Total 672745003.00 739769833.00
137BOE Technology Group Co. Ltd. Interim Report 2024
2) Disclosure by Aging
Unit: RMB
Ageing Ending carrying balance Beginning carrying balance
Within one year (including one year) 346250416.00 330573576.00
One to two years 33631992.00 121561167.00
Two to three years 19650651.00 40445484.00
Over three years 273211944.00 247189606.00
Three to four years 32456809.00 12158337.00
Four to five years 11238503.00 3625759.00
Over five years 229516632.00 231405510.00
Total 672745003.00 739769833.00
138BOE Technology Group Co. Ltd. Interim Report 2024
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
663875720.0098.68%10816895.001.63%653058825.00718011071.0097.06%12515014.001.74%705496057.00
separately
accrued
Of which:
Funds with high
10816895.001.33%10816895.00100.00%0.0012515014.001.69%12515014.00100.00%0.00
credit risk
Funds with low
653058825.0097.07%0.000.00%653058825.00705496057.0095.37%0.000.00%705496057.00
credit risk
Withdrawal of
bad debt
8869283.001.32%101434.001.14%8767849.0021758762.002.94%595612.002.74%21163150.00
provision by
group
Of which:
Funds with
moderate credit 8869283.00 1.32% 101434.00 1.14% 8767849.00 21758762.00 2.94% 595612.00 2.74% 21163150.00
risk
Total 672745003.00 100.00% 10918329.00 1.34% 661826674.00 739769833.00 100.00% 13110626.00 1.77% 726659207.00
139BOE Technology Group Co. Ltd. Interim Report 2024
Category name of bad debt provision accrued by item: Funds with high credit risk and funds 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
Funds with
12515014.00 12515014.00 10816895.00 10816895.00 100.00% N/A
high credit risk
Funds with low
705496057.00 0.00 653058825.00 0.00 0.00% N/A
credit risk
Total 718011071.00 12515014.00 663875720.00 10816895.00
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
8869283.00101434.001.14%
risk
Total 8869283.00 101434.00
Notes for the basis of determining such portfolio:
N/A
Withdrawal of bad debt provision by adopting the general mode of expected credit loss:
Unit: RMB
Phase I Phase II Phase III
Provision for Expected credit losses Expected credit losses
impairment Expected credit loss in for the whole existence for the whole existence
Total
the next 12 months period (no credit period (with credit
impairment) impairment)
Balance of 1 January
131167.00464445.0012515014.0013110626.00
2024
Balance of 1 January
2024 in the Current
Period
--Transfer to Phase II -1065.00 1065.00 0.00 0.00
--Transfer to Phase III -6289.00 -100000.00 106289.00 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
36723.000.00300000.00336723.00
Current Period
Reversal of the current
-90680.00-333932.00-2094364.00-2518976.00
period
Amount charged-off
0.000.000.000.00
for the current period
Amount written-off for
0.000.000.000.00
the current period
Other changes 0.00 0.00 -10044.00 -10044.00
Balance of 30 June
69856.0031578.0010816895.0010918329.00
2024
The basis for the division of each phase and the withdrawal proportion of bad debt provision
140BOE Technology Group Co. Ltd. Interim Report 2024
Item Phase I Phase II Phase III
Credit risk has not increased Credit risk has increased significantly Credit impairment has occurred
Phase
significantly since initial since initial recognition but credit after initial recognition
characteristics
recognition impairment has occurred
Expected credit loss in the next Expected credit loss for the whole Expected credit loss for the
Loss provisions
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
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 high
12515014.00300000.00-2094364.000.0096245.0010816895.00
credit risk
Funds with
595612.0036723.00-424612.000.00-106289.00101434.00
moderate credit risk
Total 13110626.00 336723.00 -2518976.00 0.00 -10044.00 10918329.00
N/A
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:
141BOE Technology Group Co. Ltd. Interim Report 2024
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 Ageing
other receivables bad debt provision
(%)
Equity transfer fee
Customer 1 200000000.00 Over five years 29.73% 0.00
receivable
Deposits and
Customer 2 guaranteed 106902000.00 Within one year 15.89% 0.00
deposits
Deposits and
Customer 3 guaranteed 56061191.00 Within one year 8.33% 0.00
deposits
Customer 4 Export rebates 23447326.00 Within one year 3.49% 0.00
Deposits and Within one year
Customer 5 guaranteed 19695166.00 one to two years 2.93% 0.00
deposits two to three years
Total 406105683.00 60.37% 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
9. Prepayments
(1) Listed by Aging
Unit: RMB
Ending balance Beginning balance
Ageing
Amount Proportion Amount Proportion
Within one year 565271232.00 86.00% 478067697.00 86.00%
One to two years 30698909.00 5.00% 22099954.00 4.00%
Two to three years 45153774.00 6.00% 53855290.00 9.00%
Over three years 16930643.00 3.00% 4636839.00 1.00%
Total 658054558.00 558659780.00
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.
142BOE Technology Group Co. Ltd. Interim Report 2024
(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 RMB207598674.00 accounting for 32.00% of total closing balance
of prepayment.Other notes:
N/A
10. Inventory
Whether the Company needs to comply with disclosure requirements for real estate industry
No
(1) Category of Inventory
Unit: RMB
Ending balance Beginning balance
Falling price Falling price
reserves of reserves of
Item inventory or inventory or
Carrying amount depreciation Carrying value Carrying amount depreciation Carrying value
reserves of reserves of
contract contract
performance cost performance cost
Raw
10093165470.002452837701.007640327769.009443911152.002189991288.007253919864.00
materials
Goods in
6562627072.001250133983.005312493089.005564254528.001144952516.004419302012.00
process
Inventory
16737141597.003983814279.0012753327318.0016215828399.004056038972.0012159789427.00
goods
Turnover
205696769.001089060.00204607709.00189084809.000.00189084809.00
materials
Expendable
biological 0.00 0.00 0.00 0.00 0.00 0.00
assets
Contract
performance 118670539.00 0.00 118670539.00 97571213.00 0.00 97571213.00
costs
Goods in
0.000.000.000.000.000.00
transit
Total 33717301447.00 7687875023.00 26029426424.00 31510650101.00 7390982776.00 24119667325.00
(2) Data Resources Recognized as Inventory
Unit: RMB
Data resources
Purchased data Self-processed data
Item acquired by other Total
resources resources
means
I. Original Carrying Value
143BOE Technology Group Co. Ltd. Interim Report 2024
1. Beginning Balance 0.00 0.00 0.00 0.00
2. Increased Amount of
0.000.000.000.00
the Period
3. Decreased Amount of
0.000.000.000.00
the Period
4. Ending Balance 0.00 0.00 0.00 0.00
II. Falling price reserves
of inventory
1. Beginning Balance 0.00 0.00 0.00 0.00
2. Increased Amount of
0.000.000.000.00
the Period
3. Decreased Amount of
0.000.000.000.00
the Period
4. Ending Balance 0.00 0.00 0.00 0.00
III. Carrying value
1. Ending Carrying Value 0.00 0.00 0.00 0.00
2. Beginning Carrying
0.000.000.000.00
Value
N/A
(3) Falling Price Reserves of Inventories and Impairment Provision for Contract Performance Costs
Unit: RMB
Beginning Increased amount Decrease
Item Ending balance
balance Withdrawal Others Reversal or write-off Others
Raw materials 2189991288.00 1291510564.00 0.00 1028664151.00 0.00 2452837701.00
Goods in process 1144952516.00 463472132.00 0.00 358290665.00 0.00 1250133983.00
Inventory goods 4056038972.00 1889994265.00 0.00 1962218958.00 0.00 3983814279.00
Turnover
0.001099438.000.0010378.000.001089060.00
materials
Expendable
0.000.000.000.000.000.00
biological assets
Contract
performance 0.00 0.00 0.00 0.00 0.00 0.00
costs
Total 7390982776.00 3646076399.00 0.00 3349184152.00 0.00 7687875023.00
N/A
Provision for depreciation in value of inventories by portfolio
Unit: RMB
Period-end Period-beginning
Portfolio name Depreciation Depreciation Falling price Beginning Falling price
Ending balance provision provision
reserves balance reserves
proportion proportion
N/A
144BOE Technology Group Co. Ltd. Interim Report 2024
Provision standards for depreciation in value of inventories by group
N/A
(4) Notes to the Ending Balance of Inventories Including Capitalized Borrowing Expense
N/A
(5) Amount of Contract Performance Costs Amortized in the Reporting Period
N/A
11. Held-for-Sale Assets
Unit: RMB
Ending
Impairment Ending Estimated Estimated
Item carrying Fair value
provision carrying value disposal expense disposal time
balance
N/A
Other notes:
N/A
12. 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 67371460.00 8683381.00
Total 67371460.00 8683381.00
(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
13. Other Current Assets
Unit: RMB
Item Ending balance Beginning balance
Contract acquisition costs 46609883.00 49964295.00
Refund costs receivable 158427580.00 140814527.00
Impairment of VAT to be offset 2554360832.00 2512924348.00
Input tax of VAT to be certified and 403273096.00 291415443.00
145BOE Technology Group Co. Ltd. Interim Report 2024
deducted
Wealth management products 0.00 0.00
Prepaid income tax 119420974.00 166028954.00
Others 72444529.00 147191364.00
Total 3354536894.00 3308338931.00
Other notes:
N/A
14. Investments in Debt Obligations
(1) List of Investments in Debt Obligations
Unit: RMB
Ending balance Beginning balance
Item Carrying Impairment Carrying Impairment
Carrying value Carrying value
amount provision amount provision
N/A
Total 0.00 0.00
Changes in the impairment provision for investments in debt obligations during the current period
Unit: RMB
Item Beginning balance Increase Decrease Ending balance
N/A
(2) Significant Investments in Debt Obligations at the Period-end
Significant investments in debt obligations
Unit: RMB
Ending balance Beginning balance
Item Actual Actual Par Coupon Maturity Overdue Par Coupon Maturity Overdue
interest interest
value rate date principal value rate date principal
rate rate
N/A
(3) Status of Accrued Depreciation Reserves
Unit: RMB
Phase I Phase II Phase III
Provision for Lifetime expected Lifetime expected
impairment Expected credit loss in
Total
credit loss (without credit loss (with credit
the next 12 months
credit impairment) impairment)
Balance of 1 January
0.000.000.000.00
2024
Balance of 1 January
2024 in the Current
Period
146BOE Technology Group Co. Ltd. Interim Report 2024
- 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
0.000.000.000.00
current period
Reversal of the current
0.000.000.000.00
period
Amount charged-off
0.000.000.000.00
for the current period
Amount written-off for
0.000.000.000.00
the current period
Other changes 0.00 0.00 0.00 0.00
Balance of 30 June
0.000.000.000.00
2024
The basis for the division of each phase and the withdrawal proportion of bad debt provision
N/A
(4) Status of Investments in Debt Obligations Written-off in Current Period
Unit: RMB
Item Amount verified
Debt investments actually written off 0.00
Of which the verification of significant investments in debt obligations
Notes to verification of investments in debt obligations:
N/A
Changes of carrying amount with significant amount changed of loss provision in the current period
□Applicable □Not applicable
Other notes:
N/A
15. Other Investments in Debt Obligations
(1) List of Other Investments in Debt Obligations
Unit: RMB
Change in Accumulated
fair value Accumulated impairment
Beginning Accrued Interest Ending
Item in the Cost changes in fair provision Note
balance interest adjustment balance
Reporting value recognized in
Period other
147BOE Technology Group Co. Ltd. Interim Report 2024
comprehensive
income
N/A
Total 0.00 0.00
Changes in the impairment provision for other investments in debt obligations during the current period
Unit: RMB
Item Beginning balance Increase Decrease Ending balance
N/A
(2) Significant Other Investments in Debt Obligations at the Period-end
Unit: RMB
Ending balance Beginning balance
Item Actual Actual Par Coupon Maturity Overdue Par Coupon Maturity Overdue
interest interest
value rate date principal value rate date principal
rate rate
N/A
(3) Status of Accrued Depreciation Reserves
Unit: RMB
Phase I Phase II Phase III
Provision for Lifetime expected Lifetime expected
impairment Expected credit loss in
Total
credit loss (without credit loss (with credit
the next 12 months
credit impairment) impairment)
Balance of 1 January
0.000.000.000.00
2024
Balance of 1 January
2024 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
0.000.000.000.00
current period
Reversal of the current
0.000.000.000.00
period
Amount charged-off
0.000.000.000.00
for the current period
Amount written-off for
0.000.000.000.00
the current period
Other changes 0.00 0.00 0.00 0.00
Balance of 30 June
0.000.000.000.00
2024
The basis for the division of each phase and the withdrawal proportion of bad debt provision
N/A
148BOE Technology Group Co. Ltd. Interim Report 2024
(4) Status of Other Investments in Debt Obligations Written-off in Current Period
Unit: RMB
Item Amount verified
Other debt investments actually written off 0.00
Of which the verification of significant other investments in debt obligations
149BOE Technology Group Co. Ltd. Interim Report 2024
Notes to write-off of other debt investments: N/A
Changes of carrying amount with significant amount changed of loss provision in the current period
□Applicable □Not applicable
Other notes: N/A
16. Other Equity Instrument Investments
Unit: RMB
Reason for
assigning to
Losses
Gains recorded in Accumulative gains Accumulative losses measure in fair
recorded in Dividend
other recorded in other recorded in other value and the
other income
Item Beginning balance comprehensive comprehensive comprehensive Ending balance changes
comprehensive recognized in
income in the income in the income in the current included in
income in the current year
current period current period period other
current period
comprehensive
income
Planning long-
Beijing Electronics Zone High- term holding
61450387.000.0016221802.000.0044931843.000.0045228585.00
Tech Group Co. Ltd. for strategic
purpose
Planning long-
Zhejiang BOE Display term holding
321256.000.000.000.000.000.00321256.00
Technology Co. Ltd. for strategic
purpose
Planning long-
Zhejiang Qiusheng Optoelectric term holding
248776.000.000.000.000.000.00248776.00
Technology Co. Ltd. for strategic
purpose
Planning long-
Qingdao UHD Video Innovation term holding
500000.000.000.000.000.000.00500000.00
Technology Co. Ltd. for strategic
purpose
Planning long-
Bank of Chongqing Co. Ltd. 90416707.00 25475162.00 0.00 0.00 4192506.00 10272422.00 115891869.00
term holding
150BOE Technology Group Co. Ltd. Interim Report 2024
for strategic
purpose
Planning long-
New Century Healthcare term holding
17488274.000.001832904.000.00125193480.00735727.0015655370.00
Holding Co. Limited for strategic
purpose
Planning long-
term holding
Horizon Robotics Inc. 36130330.00 259156.00 0.00 4434986.00 0.00 0.00 36389486.00
for strategic
purpose
Planning long-
Nanjing Xinjiayuan Technology term holding
1434634.003984.000.000.00561382.000.001438618.00
Co. Ltd. for strategic
purpose
Planning long-
term holding
Danhua Capital L.P. 35413500.00 220500.00 0.00 1107625.00 0.00 0.00 35634000.00
for strategic
purpose
Planning long-
term holding
Danhua Capital II L.P. 70827000.00 441000.00 0.00 3620249.00 0.00 0.00 71268000.00
for strategic
purpose
Planning long-
term holding
Kateeva Inc. 84602852.00 526773.00 0.00 2267160.00 0.00 0.00 85129625.00
for strategic
purpose
Planning long-
term holding
Ceribell INC 23735602.00 71046.00 0.00 14571586.00 0.00 0.00 0.00
for strategic
purpose
Planning long-
term holding
Baebies INC 31119167.00 193762.00 0.00 2189375.00 0.00 0.00 31312929.00
for strategic
purpose
Planning long-
term holding
KA IMAGING INC. 2038167.00 12691.00 0.00 43338.00 0.00 0.00 2050858.00
for strategic
purpose
MOOV INC. 0.00 0.00 0.00 0.00 27862839.00 0.00 0.00 Planning long-
151BOE Technology Group Co. Ltd. Interim Report 2024
term holding
for strategic
purpose
Planning long-
term holding
Illumina Fund I L.P. 33814999.00 212509.00 0.00 1964783.00 0.00 0.00 34636412.00
for strategic
purpose
Planning long-
term holding
ACQIS Technology Inc. 1416540.00 8820.00 0.00 0.00 138600.00 0.00 1425360.00
for strategic
purpose
Planning long-
Beijing Oriental Electronics term holding
0.000.000.000.00180000.000.000.00
Industry Co. Ltd for strategic
purpose
Planning long-
Dongfang Xinchuang (Beijing)
term holding
Automobile Technology Co. 402444.00 0.00 3982.00 0.00 1070941.00 0.00 398462.00
for strategic
Ltd.purpose
Planning long-
term holding
Daily Strategy Limited 3268942.00 20354.00 0.00 201231.00 0.00 0.00 3289296.00
for strategic
purpose
Total 494629577.00 27445757.00 18058688.00 30400333.00 204131591.00 11008149.00 480818902.00
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
Ceribell INC 14571586.00 0.00 Derecognition due to sales
Disclosure of non-trading equity instrument investment by items
Unit: RMB
Amount of other Reason for other
Reason for assigning to measure in
Dividend income Accumulative comprehensive income comprehensive income
Item Accumulative gains fair value and the changes included
recognized losses transferred to retained transferred to retained
in other comprehensive income
earnings earnings
152BOE Technology Group Co. Ltd. Interim Report 2024
Beijing Electronics Zone High-Tech Planning long-term holding for
0.00 0.00 19678969.00 0.00 N/A
Group Co. Ltd. strategic purpose
Zhejiang BOE Display Technology Co. Planning long-term holding for
0.00 0.00 0.00 0.00 N/A
Ltd. strategic purpose
Zhejiang Qiusheng Optoelectric Planning long-term holding for
0.00 3040266.00 0.00 0.00 N/A
Technology Co. Ltd. strategic purpose
Qingdao UHD Video Innovation Planning long-term holding for
0.00 0.00 0.00 0.00 N/A
Technology Co. Ltd. strategic purpose
Planning long-term holding for
Bank of Chongqing Co. Ltd. 10272422.00 65343458.00 0.00 0.00 N/A
strategic purpose
New Century Healthcare Holding Co. Planning long-term holding for
735727.00 0.00 124283178.00 0.00 N/A
Limited strategic purpose
Planning long-term holding for
Horizon Robotics Inc. 0.00 4434986.00 0.00 0.00 N/A
strategic purpose
Nanjing Xinjiayuan Technology Co. Planning long-term holding for
0.00 0.00 561382.00 0.00 N/A
Ltd. strategic purpose
Planning long-term holding for
Danhua Capital L.P. 0.00 28389911.00 0.00 0.00 N/A
strategic purpose
Planning long-term holding for
Danhua Capital II L.P. 0.00 47274342.00 0.00 0.00 N/A
strategic purpose
Planning long-term holding for
Kateeva Inc. 0.00 2267160.00 0.00 0.00 N/A
strategic purpose
Planning long-term holding for Derecognition due to
Ceribell INC 0.00 14571586.00 0.00 14571586.00
strategic purpose sales
Planning long-term holding for
Baebies INC 0.00 2189375.00 0.00 0.00 N/A
strategic purpose
Planning long-term holding for
KA IMAGING INC. 0.00 43338.00 0.00 0.00 N/A
strategic purpose
Planning long-term holding for
MOOV INC. 0.00 0.00 27862839.00 0.00 N/A
strategic purpose
Planning long-term holding for
Illumina Fund I L.P. 0.00 5406378.00 0.00 0.00 N/A
strategic purpose
Planning long-term holding for
ACQIS Technology Inc. 0.00 0.00 138600.00 0.00 N/A
strategic purpose
Beijing Oriental Electronics Industry Planning long-term holding for
0.00 0.00 180000.00 0.00 N/A
Co. Ltd strategic purpose
Dongfang Xinchuang (Beijing) Planning long-term holding for
0.00 0.00 1070941.00 0.00 N/A
Automobile Technology Co. Ltd. strategic purpose
Daily Strategy Limited 0.00 201231.00 0.00 0.00 Planning long-term holding for N/A
153BOE Technology Group Co. Ltd. Interim Report 2024
strategic purpose
Other notes: N/A
17. Long-term Receivables
(1) List of Long-term Receivables
Unit: RMB
Ending balance Beginning balance
Interval of discount
Item Provision for Provision for
Carrying amount Carrying value Carrying amount Carrying value rate
impairment impairment
Financing lease accounts 484461.00 0.00 484461.00 3341844.00 0.00 3341844.00 4.2%-4.75%
Of which: unrealized
-15214.000.00-15214.00-1075188.000.00-1075188.004.2%-4.75%
financing income
Installment sales of commodities 0.00 0.00 0.00 0.00 0.00 0.00 N/A
Installment supply of services 0.00 0.00 0.00 0.00 0.00 0.00 N/A
Others 0.00 0.00 0.00 0.00 0.00 0.00 N/A
Total 484461.00 0.00 484461.00 3341844.00 0.00 3341844.00
(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 Carrying Carrying
Withdrawal Withdrawal
Amount Proportion Amount value Amount Proportion Amount value
proportion proportion
Bad debt provision
484461.00100.00%0.000.00%484461.003341844.00100.00%0.000.00%3341844.00
separately 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 484461.00 100.00% 0.00 0.00% 484461.00 3341844.00 100.00% 0.00 0.00% 3341844.00
154BOE Technology Group Co. Ltd. Interim Report 2024
Category name of bad debt provision accrued by item: Customer provision by item
Unit: RMB
Beginning balance Ending balance
Name Provision for Provision for
Carrying amount Carrying amount Withdrawal proportion Reason for withdrawal
impairment impairment
Bad debt without
Customer provision by item 3341844.00 0.00 484461.00 0.00 100.00%
provision
Total 3341844.00 0.00 484461.00 0.00
155BOE Technology Group Co. Ltd. Interim Report 2024
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 Lifetime expected credit Lifetime expected credit Expected credit loss in Total
loss (without credit loss (with credit
the next 12 months
impairment) impairment)
Balance of 1 January 2024 0.00 0.00 0.00 0.00
Balance of 1 January 2024 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
0.000.000.000.00
period
Reversal of the current period 0.00 0.00 0.00 0.00
Amount charged-off for the
0.000.000.000.00
current period
Amount written-off for the
0.000.000.000.00
current period
Other changes 0.00 0.00 0.00 0.00
Balance of 30 June 2024 0.00 0.00 0.00 0.00
The basis for the division of each phase and the withdrawal proportion of bad debt provision
Not applicable
(3) 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 Others
recovery off/Written-off
N/A
Of which the bad debt provision reversed or recovered with significant amount during the Reporting Period:
Unit: RMB
Basis and rationality of
Amount reversed or determining the original
Subsidiary Reason for reversal Way of recovery
recovered withdrawal proportion of
bad debt provision
N/A
Other notes:
N/A
156BOE Technology Group Co. Ltd. Interim Report 2024
(4) Status of Long-term Receivables Written-off in Current Period
Unit: RMB
Item Amount verified
Long-term receivables actually written off 0.00
157BOE Technology Group Co. Ltd. Interim Report 2024
Of which the verification of significant long-term receivables:
Unit: RMB
Verification procedures Whether generated from
Subsidiary Nature Amount verified Reason for verification
performed connected transactions
N/A
Notes to the verification of long-term receivables:
N/A
18. Long-term Equity Investment
Unit: RMB
Increase/decrease
Beginning Beginning Profit and loss on Ending
balance balance of Adjustment of Declared Withdrawal investments Other Ending balance balance of Investee
(carrying impairment Additional Reduced other distribution of of confirmed equity Others (carrying value) dimpairment
value) provision investment investment comprehensive cash dividends impairment according to movements provision
income or profits provision
equity law
I. Joint Ventures
Chongqing Maite
Optoelectronics 400366833.00 0.00 0.00 0.00 4112595.00 0.00 0.00 0.00 0.00 0.00 404479428.00 0.00
Co. Ltd.Semicon Light
(China) Company 8993.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 56.00 9049.00 0.00
Limited
Sub-total 400375826.00 0.00 0.00 0.00 4112595.00 0.00 0.00 0.00 0.00 56.00 404488477.00 0.00
II. Associated Enterprises
Beijing Nissin
Electronic Precision
3221178.00---569550.00-----3790728.000.00
Components Co.Ltd.Beijing Nittan
74829490.000.000.000.00-630944.000.000.000.000.000.0074198546.000.00
Electronic Co. Ltd.
158BOE Technology Group Co. Ltd. Interim Report 2024
TPV Display
Technology (China) 32051629.00 0.00 0.00 0.00 617050.00 0.00 0.00 0.00 0.00 0.00 32668679.00 0.00
Co. Ltd.Beijing
Xindongneng
-
Investment Fund 1864768203. - - - -241520924.00 -23632921.00 - - - 1270705686.0 -
328908672.00
(Limited 00 0
Partnership)
Beijing
Xindongneng
Investment 16217385.00 0.00 0.00 0.00 3077385.00 0.00 0.00 0.00 0.00 0.00 19294770.00 0.00
Management Co.Ltd.Beijing Xloong
Technologies Co. 20502397.00 0.00 0.00 0.00 -457971.00 0.00 0.00 0.00 0.00 0.00 20044426.00 0.00
Ltd.Beijing Chuangxin
Industrial
236170218.000.000.000.0014976232.000.000.000.000.000.00251146450.000.00
Investment Co.Ltd.BEHC Industrial
27901400.0
Investment Co. 385752159.00 0.00 0.00 253406.00 -7197883.00 0.00 0.00 0.00 0.00 406709082.00 0.00
0
Ltd.Guoke BOE
(Shanghai) Equity
Investment 3519212.00 0.00 0.00 0.00 634771.00 0.00 0.00 0.00 0.00 0.00 4153983.00 0.00
Management Co.Ltd.BOE Art Cloud
Technology Co. 432471471.00 0.00 0.00 0.00 2574417.00 0.00 0.00 0.00 0.00 0.00 435045888.00 0.00
Ltd.Beijing Electronic
Digital Intelligence
19491687.000.009450000.000.00-4476479.000.000.000.000.000.0024465208.000.00
Technology Co.Ltd.Beijing Digital TV
National
3347805.000.000.000.00-164969.000.000.000.000.000.003182836.000.00
Engineering
Laboratory Co.
159BOE Technology Group Co. Ltd. Interim Report 2024
Ltd.Erdos BOE Energy
1030485762.777858312.01029724643.0777858312.
Investment Co. 0.00 0.00 -931767.00 0.00 170648.00 0.00 0.00 0.00
000000
Ltd.Hefei Xin Jing Yuan
Electronic Materials 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Co. Ltd.Tianjin Xianzhilian
Investment Centre 1875744723. - 1800782285.0
0.000.00-59837999.000.000.00-926578.000.000.000.00
(Limited 00 14197861.00 0
Partnership)
Tianjin Xianzhilian
Investment
Management Centre 19006101.00 0.00 0.00 0.00 -12690479.00 0.00 0.00 0.00 0.00 0.00 6315622.00 0.00
(Limited
Partnership)
Beijing Xianzhilian
Phase II Venture
99000000.0
Capital Funds 97565278.00 0.00 0.00 -8969345.00 0.00 0.00 0.00 0.00 0.00 187595933.00 0.00
0
(Limited
Partnership)
Beijing Xianzhilian
Investment
Management Centre 3484009.00 0.00 0.00 0.00 2025.00 0.00 0.00 0.00 0.00 0.00 3486034.00 0.00
(Limited
Partnership)
Beijing Yandong
1224255213.1219434107.0
Microelectronic 0.00 0.00 0.00 -5026184.00 -11901.00 216979.00 0.00 0.00 0.00 0.00
000
Co. Ltd.Biochain (Beijing)
Science-Technology 360884334.00 0.00 0.00 0.00 -7027268.00 0.00 0.00 0.00 0.00 0.00 353857066.00 0.00
In.c
Beijing BOE
Microbial 16719935.
0.000.000.000.00-6976868.000.000.000.000.009743067.000.00
Technology Co. 00
Ltd.Ziyang Shuzhi
Health Technology 994924.00 0.00 0.00 0.00 -24227.00 0.00 0.00 0.00 0.00 0.00 970697.00 0.00
Co. Ltd.
160BOE Technology Group Co. Ltd. Interim Report 2024
Beijing Houji
Zhilian Information
6740778.000.000.000.0086626.000.000.000.000.000.006827404.000.00
Technology Co.Ltd.BOE Digital
Technology Co. 36125749.00 0.00 0.00 0.00 1025394.00 0.00 0.00 0.00 0.00 0.00 37151143.00 0.00
Ltd.Chongqing BOE
Smart Private
Equity Investment
134033870.000.000.000.00-1290367.000.000.000.000.000.00132743503.000.00
Fund Partnership
(Limited
Partnership)
Anhong Technology
434151.000.003109091.000.00-2087996.000.000.000.000.000.001455246.000.00
(Suzhou) Co. Ltd.Jinchuang (Beijing)
Equity Investment 356400000.00 0.00 0.00 0.00 -8179024.00 0.00 0.00 0.00 0.00 0.00 348220976.00 0.00
Fund Center
Dongfang Juzhi
(Beijing) 44444400.0
0.000.000.00-3840582.000.000.000.000.000.0040603818.000.00
Technology 0
Innovation Co. Ltd.
281611749.0283365187.
Cnoga Medical Ltd. 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
000
New On
0.002193489.000.000.000.000.000.000.000.000.000.002209221.00
Technology Co.Ltd.Hefei Jiangcheng
Technology Co. 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Ltd.-
5092823075.5027851093.0
VusionGroup SA 0.00 0.00 0.00 -23416744.00 0.00 0.00 -11878816.00 0.00 29676422 0.00
000.00
-
--
Sub-total 13331320801 1061663550. 183904891. -363733281.00 -30842705.00 17107562. - 2 9676422 12752168919. 106343272
14197861.00341714066.00.00000000.00000.00
-
--
Total 13731696627 1061663550. 183904891. -359620686.00 -30842705.00 17107562. - 2 9676366 13156657396. 106343272
14197861.00341714066.00.00000000.00000.00
The recoverable amount is determined based on the net amount of the fair value minus disposal costs
161BOE Technology Group Co. Ltd. Interim Report 2024
□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
162BOE Technology Group Co. Ltd. Interim Report 2024
19. Other Non-current Financial Assets
Unit: RMB
Item Ending balance Beginning balance
Equity investments 2307839682.00 2253778325.00
Total 2307839682.00 2253778325.00
Other notes:
N/A
20. 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
1130308269.00785342177.00100475150.002016125596.00
Balance
2. Increased
61029830.000.0018976312.0080006142.00
Amount of the Period
(1)
0.000.0018976312.0018976312.00
Outsourcing
(2) Transfer
from Inventory/ Fixed
61029830.000.000.0061029830.00
Assets/ Construction in
Progress
(3) Business
0.000.000.000.00
Combination Increase
3. Decreased
1525174.000.000.001525174.00
Amount of the Period
(1) Disposal 0.00 0.00 0.00
(2) Other
1525174.000.000.001525174.00
Transfer
4. Ending Balance 1189812925.00 785342177.00 119451462.00 2094606564.00
II. Accumulative
Depreciation and
Accumulative
Amortization
1. Beginning
407710469.00195861681.000.00603572150.00
Balance
2. Increased
56724930.008163721.000.0064888651.00
Amount of the Period
(1)
56724930.008163721.000.0064888651.00
Withdrawal or
163BOE Technology Group Co. Ltd. Interim Report 2024
Amortization
3. Decreased
30090816.000.000.0030090816.00
Amount of the Period
(1) Disposal 28969194.00 0.00 0.00 28969194.00
(2) Other
1121622.000.000.001121622.00
Transfer
4. Ending Balance 434344583.00 204025402.00 0.00 638369985.00
III. Depreciation
Reserves
1. Beginning
Balance
2. Increased
0.000.000.000.00
Amount of the Period
(1)
0.000.000.000.00
Withdrawal
3. Decreased
0.000.000.000.00
Amount of the Period
(1) Disposal 0.00 0.00 0.00 0.00
(2) Other
0.000.000.000.00
Transfer
4. Ending Balance 0.00 0.00 0.00 0.00
IV. Carrying value
1. Ending
755468342.00581316775.00119451462.001456236579.00
Carrying Value
2. Beginning
722597800.00589480496.00100475150.001412553446.00
Carrying 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
164BOE Technology Group Co. Ltd. Interim Report 2024
(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
(4) Investment Property with Certificate of Title Uncompleted
Unit: RMB
Item Carrying value Reason
N/A
Other notes:
N/A
21. Fixed Assets
Unit: RMB
Item Ending balance Beginning balance
Fixed assets 211615521758.00 210371476524.00
Disposal of fixed assets 0.00 0.00
Total 211615521758.00 210371476524.00
(1) List of Fixed Assets
Unit: RMB
Buildings and
Item Equipment Others Total
structures
I. Original Carrying
Value
1. Beginning
75988186206.00321291899960.0014562205110.00411842291276.00
Balance
2. Increased
516203879.0018160911695.001090786922.0019767902496.00
Amount of the Period
(1) Purchase 2279393.00 432031932.00 740513240.00 1174824565.00
(2) Transfer
from Construction in 513835241.00 17733096269.00 350726497.00 18597658007.00
Progress
(3) Business
0.000.000.000.00
Combination Increase
(4) Written
down with Government 0.00 -3754686.00 0.00 -3754686.00
Grants
(5) Exchange
Difference on
89245.00-461820.00-452815.00-825390.00
Translating Foreign
Operations
165BOE Technology Group Co. Ltd. Interim Report 2024
3. Decreased
100130579.00373060175.00167211284.00640402038.00
Amount of the Period
(1) Disposal
38938601.00325634663.00163944561.00528517825.00
or Scrap
(2) Transfer
from Construction in 0.00 47425512.00 3266723.00 50692235.00
Progress
(3) Transfer
from investment 61191978.00 0.00 0.00 61191978.00
properties
4. Ending Balance 76404259506.00 339079751480.00 15485780748.00 430969791734.00
II. Accumulated
amortization
1. Beginning
12031057846.00177593093857.009837849835.00199462001538.00
Balance
2. Increased
1039638798.0016142503290.001113883632.0018296025720.00
Amount of the Period
(1)
1039576265.0016143625911.001114443779.0018297645955.00
Withdrawal
(2)
Discrepancy on
62533.00-1122621.00-560147.00-1620235.00
translating foreign
operations
3. Decreased
195989.00253629470.00120847480.00374672939.00
Amount of the Period
(1) Disposal
0.00224203372.00119108256.00343311628.00
or Scrap
(2) Transfer
from Construction in 0.00 29426098.00 1739224.00 31165322.00
Progress
(3) Transfer
from investment 195989.00 0.00 0.00 195989.00
properties
4. Ending Balance 13070500655.00 193481967677.00 10830885987.00 217383354319.00
III. Depreciation
Reserves
1. Beginning
34480.001738196473.00270582261.002008813214.00
Balance
2. Increased
0.0015713506.00232918.0015946424.00
Amount of the Period
(1)
0.0015713506.00232918.0015946424.00
Withdrawal
3. Decreased
0.0025327636.0028516345.0053843981.00
Amount of the Period
(1) Disposal
0.0025327636.0028497678.0053825314.00
or Scrap
(2) Transfer
from Construction in 0.00 0.00 18667.00 18667.00
Progress
4. Ending Balance 34480.00 1728582343.00 242298834.00 1970915657.00
166BOE Technology Group Co. Ltd. Interim Report 2024
IV. Carrying value
1. Ending
63333724371.00143869201460.004412595927.00211615521758.00
Carrying Value
2. Beginning
63957093880.00141960609630.004453773014.00210371476524.00
Carrying Value
(2) Temporarily Idle Fixed Assets
Unit: RMB
Original carrying Accumulated Impairment
Item Carrying value Note
value depreciation provision
N/A
(3) Fixed Assets Leased out by Operation Lease
Unit: RMB
Item Ending carrying value
Fixed Assets Leased out from Operation Lease 0.00
(4) List of Fixed Assets with Certificate of Title Uncompleted
Unit: RMB
Item Carrying value Reason
N/A
Other notes:
On 30 June 2024 the total book value of fixed assets without certificate of title was RMB1868675689.00 and the certificate of title
is still being processed.
(5) 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
Estimation
based on Business
Fixed assets 15946424.00 0.00 15946424.00 Fair value
market research
conditions
Total 15946424.00 0.00 15946424.00
The recoverable amount is determined by the present value of the expected future cash flow
□Applicable □Not applicable
167BOE Technology Group Co. Ltd. Interim Report 2024
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
(6) Proceeds from Disposal of Fixed Assets
Unit: RMB
Item Ending balance Beginning balance
N/A 0.00 0.00
Total 0.00 0.00
Other notes:
N/A
22. Construction in Progress
Unit: RMB
Item Ending balance Beginning balance
Construction in Progress 18750692333.00 29670115546.00
Engineering materials 0.00 0.00
Total 18750692333.00 29670115546.00
168BOE Technology Group Co. Ltd. Interim Report 2024
(1) List of Construction in Progress
Unit: RMB
Ending balance Beginning balance
Item
Carrying amount Impairment provision Carrying value Carrying amount Impairment provision Carrying value
Chongqing’s 6th Generation AMOLED (Flexible)
1400078964.000.001400078964.0015573483601.000.0015573483601.00
Production Line Project
Others 17427962075.00 77348706.00 17350613369.00 14173980651.00 77348706.00 14096631945.00
Total 18828041039.00 77348706.00 18750692333.00 29747464252.00 77348706.00 29670115546.00
(2) Changes in Significant Construction in Progress during the Reporting Period
Unit: RMB
Of which:
Proportion of Capitalization
Accumulative amount of
Other accumulative rate of
Beginning Increased Transferred in Ending Job amount of capitalized Capital
Item Budget decreased investment in interests for
balance amount fixed assets balance schedule interest interests for resources
amount constructions the Reporting
capitalization the Reporting
to budget Period
Period
N/A
Total
(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
Engineering projects and and cannot continue to be
77348706.000.000.0077348706.00
machinery equipment used or there are no plans to
use it temporarily
Total 77348706.00 0.00 0.00 77348706.00 --
Other notes: N/A
169BOE Technology Group Co. Ltd. Interim Report 2024
(4) Impairment Test of Construction in Progress
□Applicable □Not applicable
(5) Engineering Materials
Unit: RMB
Ending balance Beginning balance
Item Carrying Impairment Carrying Impairment
Carrying value Carrying value
amount provision amount provision
N/A
Total 0.00 0.00
Other notes:
N/A
23. Productive Living Assets
(1) Productive Living Assets Adopting Cost Measurement Mode
□Applicable □Not applicable
(2) Impairment Testing of Productive Living Assets Adopting Cost Measurement Mode
□Applicable □Not applicable
(3) Productive Living Assets Adopting Fair Value Measurement Mode
□Applicable □Not applicable
24. Oil and Gas Assets
□Applicable □Not applicable
25. Right-of-use Assets
(1) List of Right-of-use Assets
Unit: RMB
Buildings and
Item Equipment Others Total
structures
I. Original Carrying
Value
1. Beginning
869873086.0015789766.00194845163.001080508015.00
Balance
2. Increased
184341852.000.00664220.00185006072.00
Amount of the Period
(1) Increase 203399410.00 0.00 729815.00 204129225.00
170BOE Technology Group Co. Ltd. Interim Report 2024
(2) Exchange
-19057558.000.00-65595.00-19123153.00
rate fluctuation
3. Decreased
14814383.000.000.0014814383.00
Amount of the Period
4. Ending Balance 1039400555.00 15789766.00 195509383.00 1250699704.00
II. Accumulated
amortization
1. Beginning
319601077.006410099.0030152494.00356163670.00
Balance
2. Increased
107668692.001681813.005213388.00114563893.00
Amount of the Period
(1)
115326155.001681813.005232939.00122240907.00
Withdrawal
(2) Exchange
-7657463.000.00-19551.00-7677014.00
rate fluctuation
3. Decreased
416070.000.000.00416070.00
Amount of the Period
(1) Disposal 416070.00 0.00 0.00 416070.00
4. Ending Balance 426853699.00 8091912.00 35365882.00 470311493.00
III. Depreciation
Reserves
1. Beginning
0.000.000.000.00
Balance
2. Increased
0.000.000.000.00
Amount of the Period
(1)
0.000.000.000.00
Withdrawal
3. Decreased
0.000.000.000.00
Amount of the 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
612546856.007697854.00160143501.00780388211.00
Carrying Value
2. Beginning
550272009.009379667.00164692669.00724344345.00
Carrying Value
(2) Impairment Test of Right-of-use Assets
□Applicable □Not applicable
Other notes:
N/A
171BOE Technology Group Co. Ltd. Interim Report 2024
26. Intangible Assets
(1) List of Intangible Assets
Unit: RMB
Non-patent Patent rights and proprietary
Item Land use right Patent Computer software Others Total
technology technologies
I. Original Carrying Value
1. Beginning Balance 7924529154.00 0.00 0.00 6238659015.00 2277221781.00 816081655.00 17256491605.00
2. Increased Amount of
371856847.000.000.00129434535.0074740833.00235935.00576268150.00
the Period
(1) Purchase 370661972.00 0.00 0.00 21678960.00 20837413.00 0.00 413178345.00
(2) Internal R&D 0.00 0.00 0.00 101813566.00 0.00 0.00 101813566.00
(3) Business
0.000.000.000.000.000.000.00
Combination Increase
(4) Transfer from
0.000.000.006205684.0053842285.000.0060047969.00
construction in progress
(5) Exchange
Difference on Translating 1194875.00 0.00 0.00 -263675.00 61135.00 235935.00 1228270.00
Foreign Operations
3. Decreased Amount of
0.000.000.000.00460860.000.00460860.00
the Period
(1) Disposal 0.00 0.00 0.00 0.00 356435.00 0.00 356435.00
(2) Others 0.00 0.00 0.00 0.00 104425.00 0.00 104425.00
4. Ending Balance 8296386001.00 0.00 0.00 6368093550.00 2351501754.00 816317590.00 17832298895.00
II. Accumulated amortization
1. Beginning Balance 830130337.00 0.00 0.00 3121888717.00 1410837304.00 328049547.00 5690905905.00
2. Increased Amount of
106213320.000.000.00317721647.00123218647.0018778086.00565931700.00
the Period
(1) Withdrawal 106205910.00 0.00 0.00 317985322.00 123236014.00 18646227.00 566073473.00
172BOE Technology Group Co. Ltd. Interim Report 2024
(2) Exchange
difference on translating 7410.00 0.00 0.00 -263675.00 -17367.00 131859.00 -141773.00
foreign operations
3. Decreased Amount of
0.000.000.000.00178051.000.00178051.00
the Period
(1) Disposal 0.00 0.00 0.00 0.00 178051.00 0.00 178051.00
4. Ending Balance 936343657.00 0.00 0.00 3439610364.00 1533877900.00 346827633.00 6256659554.00
III. Depreciation Reserves 0.00 0.00 0.00 0.00 0.00 0.00
1. Beginning Balance 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2. Increased Amount of
0.000.000.000.000.000.000.00
the Period
(1) Withdrawal 0.00 0.00 0.00 0.00 0.00 0.00 0.00
3. Decreased Amount of
0.000.000.000.000.000.000.00
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 0.00 0.00 0.00 0.00
IV. Carrying value
1. Ending Carrying Value 7360042344.00 0.00 0.00 2928483186.00 817623854.00 469489957.00 11575639341.00
2. Beginning Carrying
7094398817.000.000.003116770298.00866384477.00488032108.0011565585700.00
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 0.88%.
173BOE Technology Group Co. Ltd. Interim Report 2024
(2) Data Resources Recognized as Intangible Assets
Unit: RMB
Data resources
Purchased data Self-processed data
Item acquired by other Total
resources resources
means
I. Original Carrying
Value
1. Beginning Balance 0.00 0.00 0.00 0.00
2. Increased Amount of
0.000.000.000.00
the Period
Of which:
0.000.000.000.00
Purchase
Internal
0.000.000.000.00
R&D
Other
0.000.000.000.00
increase
3. Decreased Amount
0.000.000.000.00
of the Period
Of which:
0.000.000.000.00
Disposal
Invalid
0.000.000.000.00
and derecognition
Other
0.000.000.000.00
decrease
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
0.000.000.000.00
the Period
3. Decreased Amount
0.000.000.000.00
of the Period
Of which:
0.000.000.000.00
Disposal
Invalid
0.000.000.000.00
and derecognition
Other
0.000.000.000.00
decrease
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
0.000.000.000.00
the Period
3. Decreased Amount
0.000.000.000.00
of the Period
4. Ending Balance 0.00 0.00 0.00 0.00
174BOE Technology Group Co. Ltd. Interim Report 2024
IV. Carrying value
1. Ending Carrying
0.000.000.000.00
Value
2. Beginning Carrying
0.000.000.000.00
Value
N/A
(3) Land Use Right with Certificate of Title Uncompleted
Unit: RMB
Item Carrying value Reason
N/A
Other notes:
N/A
(4) Impairment Test of Intangible Assets
□Applicable □Not applicable
27. Goodwill
(1) Original Carrying Value of Goodwill
Unit: RMB
Name of the invested Increase Decrease
units or events generating Beginning balance Formed by business Ending balance
goodwill Disposal combination
Beijing Yinghe Century
42940434.000.000.0042940434.00
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.BOE Health Investment
146460790.000.000.00146460790.00
Management Co. Ltd.Chengdu BOE Display
537038971.000.000.00537038971.00
Technology Co. Ltd.Nanjing BOE Display
155714415.000.000.00155714415.00
Technology Co. Ltd.United Ultra High-
Definition
14285847.000.000.0014285847.00
Video(Beijing)
Technology Co. Ltd.BOE HC Semitek Co.
29596088.000.000.0029596088.00
Ltd.Total 939022885.00 0.00 0.00 939022885.00
175BOE Technology Group Co. Ltd. Interim Report 2024
(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
Beijing BOE
Optoelectronics 4423876.00 0.00 0.00 4423876.00
Technology Co. Ltd.BOE Health
Investment 82137669.00 0.00 0.00 82137669.00
Management Co. Ltd.Chengdu BOE Display
147755754.000.000.00147755754.00
Technology Co. Ltd.Total 234317299.00 0.00 0.00 234317299.00
(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
176BOE Technology Group Co. Ltd. Interim Report 2024
(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
28. Long-term Prepaid Expense
Unit: RMB
Amortization
Other decreased
Item Beginning balance Increased amount amount of the Ending balance
amount
period
Expenditure on the
construction and use
33002120.000.004309059.000.0028693061.00
of public supporting
facilities
Expenditure on
improvement of
56816722.0011435137.0013773158.0067592.0054411109.00
operating fixed
assets
Prepaid technology
333718713.0025377702.0035471114.000.00323625301.00
usage fee
Others 110957009.00 31871912.00 28445284.00 0.00 114383637.00
Total 534494564.00 68684751.00 81998615.00 67592.00 521113108.00
Other notes:
N/A
29. 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
660368851.00110656338.00586093818.0098130637.00
impairment of assets
Unrealized profit of
0.000.000.000.00
internal transactions
Deductible loss 3260631347.00 503316328.00 2748927099.00 426287990.00
Changes in fair value
of other investments in 157176947.00 23670195.00 134711649.00 20206748.00
equity instruments
Depreciation of fixed
503735579.0080786786.00251343643.0039115495.00
assets
Appraisal increment of 111564614.00 27891154.00 114341540.00 28585385.00
177BOE Technology Group Co. Ltd. Interim Report 2024
investment in
subsidiaries with
immovable property
Government grants 64596573.00 9689486.00 64596573.00 9689486.00
Leasing liabilities 555743436.00 117339421.00 564279038.00 119336111.00
Others 54917884.00 8563603.00 11546811.00 2041907.00
Total 5368735231.00 881913311.00 4475840171.00 743393759.00
(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 1225096685.00 264703357.00 1745944008.00 409875698.00
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 0.00 0.00 0.00 0.00
equity instruments
Depreciation of fixed
6860210605.001034905845.007154184671.001077814489.00
assets
Long-term equity
1450108164.00282954609.002113902264.00389497116.00
investment
Right-of-use assets 616034200.00 130770564.00 600669199.00 130538444.00
Others 498413937.00 75029097.00 203263744.00 33430721.00
Total 10649863591.00 1788363472.00 11817963886.00 2041156468.00
(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
326964354.00554948957.00346516739.00396877020.00
assets
Deferred tax liabilities 326964354.00 1461399118.00 346516739.00 1694639729.00
(4) List of Unrecognized Deferred Income Tax Assets
Unit: RMB
Item Ending balance Beginning balance
178BOE Technology Group Co. Ltd. Interim Report 2024
Deductible temporary difference 16569787405.00 23132234962.00
Deductible loss 60011655400.00 57936466170.00
Total 76581442805.00 81068701132.00
(5) Deductible Losses of Unrecognized Deferred Income Tax Assets Will Due in the Following Years
Unit: RMB
Investments at the end of the Investments at the beginning
Year Note
period of the period
2024 0.00 308958033.00 N/A
2025 656968309.00 883311469.00 N/A
2026 1063272576.00 1202044391.00 N/A
2027 1294424166.00 2385376981.00 N/A
2028 3436774672.00 3527170592.00 N/A
2029 6186858455.00 5008814339.00 N/A
2030 4145228250.00 4200121737.00 N/A
2031 2708161104.00 2586384422.00 N/A
2032 22746119647.00 23919302827.00 N/A
2033 13654845429.00 13399325173.00 N/A
2034 3847318088.00 0.00 N/A
Others 271684704.00 515656206.00 N/A
Total 60011655400.00 57936466170.00
Other notes:
N/A
30. Other Non-current Assets
Unit: RMB
Ending balance Beginning balance
Item Impairment Impairment
Carrying amount Carrying value Carrying amount Carrying value
provision provision
Contract
0.000.000.000.000.000.00
acquisition costs
Contract
2318492.000.002318492.000.000.000.00
performance costs
Refund costs
0.000.000.000.000.000.00
receivable
Contract assets 20304464.00 0.00 20304464.00 28149072.00 0.00 28149072.00
Imposition of VAT
of imported 0.00 0.00 0.00 0.00 0.00 0.00
equipment
Prepaid fixed
asset procurement 3624703034.00 0.00 3624703034.00 2068302892.00 0.00 2068302892.00
funds
Impairment of
94961569.000.0094961569.0095942415.000.0095942415.00
VAT to be offset
Contract payment
730141502.000.00730141502.00414936876.000.00414936876.00
in advance
Prepaid loan
0.000.000.00117280699.000.00117280699.00
management fee
179BOE Technology Group Co. Ltd. Interim Report 2024
Prepaid
production
1018235405.000.001018235405.001048632965.000.001048632965.00
capacity
guarantee funds
Others 114123767.00 0.00 114123767.00 192673539.00 0.00 192673539.00
Total 5604788233.00 0.00 5604788233.00 3965918458.00 0.00 3965918458.00
Other notes:
N/A
180BOE Technology Group Co. Ltd. Interim Report 2024
31. 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 margin Mainly refer to margin
Cash at bank 1462511849.00 1462511849.00 Pledged deposits pledged for the 1869539464.00 1869539464.00 Pledged deposits pledged for the
issuance of bills payable issuance of bills payable
Endorsed transfer with Endorsed transfer with
Notes receivable 300980837.00 300980837.00 Pledged recourse and pledge for 230354069.00 230354069.00 Pledged recourse and pledge for
issuance of bills payable issuance of bills payable
Inventories 0.00 0.00 N/A N/A 0.00 0.00 N/A N/A
Fixed assets 216965009882.00 118958503207.00 Pledge Pledge for guarantee 237742564332.00 136319471935.00 Pledge Pledge for guarantee
Intangible assets 1789608694.00 1432721541.00 Pledge Pledge for guarantee 1806103571.00 1546929316.00 Pledge Pledge for guarantee
Construction in
4956769575.00 4956769575.00 Pledge Pledge for guarantee 2925304165.00 2925304165.00 Pledge Pledge for guarantee
Progress
Investment
120751462.00 119581462.00 Pledge Pledge for guarantee 101775150.00 100605150.00 Pledge Pledge for guarantee
properties
Total 225595632299.00 127231068471.00 244675640751.00 142992204099.00
Other notes: N/A
32. Short-term Borrowings
(1) Category of Short-term Borrowings
Unit: RMB
Item Ending balance Beginning balance
Pledged loans 252715162.00 23498395.00
Mortgage loans 0.00 0.00
Borrowings secured by guarantee 1036796786.00 1311144222.00
Credit borrowings 545314543.00 411541917.00
181BOE Technology Group Co. Ltd. Interim Report 2024
Total 1834826491.00 1746184534.00
Notes of the category of short-term borrowings: N/A
182BOE Technology Group Co. Ltd. Interim Report 2024
(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
33. Trading Financial Liabilities
Unit: RMB
Item Ending balance Beginning balance
Trading financial liabilities 0.00 0.00
Of which:
Designated as a financial liabilities
measured at fair value through profit or 0.00 0.00
loss for the current period
Of which:
Total 0.00 0.00
Other notes:
N/A
34. Derivative Financial Liabilities
Unit: RMB
Item Ending balance Beginning balance
N/A
Total 0.00 0.00
Other notes:
N/A
35. Notes Payable
Unit: RMB
Category Ending balance Beginning balance
Trade acceptance bill 0.00 0.00
Bank acceptance bill 1209368796.00 919313033.00
Total 1209368796.00 919313033.00
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.
183BOE Technology Group Co. Ltd. Interim Report 2024
36. Accounts Payable
(1) List of Accounts Payable
Unit: RMB
Item Ending balance Beginning balance
Payable to related parties 169145985.00 114282939.00
Payable to third parties 36996744571.00 32863320412.00
Total 37165890556.00 32977603351.00
(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
37. Other Payables
Unit: RMB
Item Ending balance Beginning balance
Interest payable 187914.00 175698.00
Dividends payable 77090381.00 39014714.00
Other payables 17369394264.00 19448570553.00
Total 17446672559.00 19487760965.00
(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
187914.00175698.00
borrowings
Divided as financial liabilities such as
0.000.00
preferred shares and perpetual bonds
Others 0.00 0.00
Total 187914.00 175698.00
List of the significant overdue unpaid interest:
Unit: RMB
Borrower Overdue amount Reason
N/A
184BOE Technology Group Co. Ltd. Interim Report 2024
Other notes:
N/A
(2) Dividends Payable
Unit: RMB
Item Ending balance Beginning balance
Ordinary share dividends 77090381.00 39014714.00
Divided as equity instruments such as
0.000.00
preferred shares and perpetual bonds
Others 0.00 0.00
Total 77090381.00 39014714.00
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 11914983586.00 13556738142.00
Financial transactions 3209353067.00 3182963067.00
Deposits and guaranteed deposits 645935721.00 764238522.00
Restricted stock repurchase obligations 223580432.00 457401616.00
Provision for water electricity and
130283695.00113409651.00
logistics fees
External intermediary fees 92981022.00 109646050.00
Imposition of VAT of imported equipment 49316340.00 148348308.00
Others 1102960401.00 1115825197.00
Total 17369394264.00 19448570553.00
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
38. Advances from Customers
(1) List of Advances from Customers
185BOE Technology Group Co. Ltd. Interim Report 2024
Unit: RMB
Item Ending balance Beginning balance
Advances from third parties 57371402.00 94601248.00
Advances from related parties 16293.00 103733.00
Total 57387695.00 94704981.00
(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)
N/A
Other notes:
N/A
39. Contract Liability
Unit: RMB
Item Ending balance Beginning balance
Product sales 2719095139.00 3000168620.00
Total 2719095139.00 3000168620.00
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
40. Payroll Payable
(1) List of Payroll Payable
Unit: RMB
Item Beginning balance Increase Decrease Ending balance
I. Short-term salary 3044568227.00 9496803567.00 9057004505.00 3484367289.00
II. Post-employment benefit-
53121125.00956646078.00953932084.0055835119.00
defined contribution plans
III. Termination benefits 3221924.00 16720686.00 18173317.00 1769293.00
IV. Current portion of other
0.000.000.000.00
benefits
Total 3100911276.00 10470170331.00 10029109906.00 3541971701.00
186BOE Technology Group Co. Ltd. Interim Report 2024
(2) List of Short-term Salary
Unit: RMB
Item Beginning balance Increase Decrease Ending balance
1. Salary bonus
1917285682.007733092497.007405158781.002245219398.00
allowance subsidy
2. Employee welfare 0.00 586342370.00 586342370.00 0.00
3. Social insurance 37193021.00 444892047.00 446298687.00 35786381.00
Of which: Medical
32593030.00404426010.00405451708.0031567332.00
insurance premiums
Work-
2126192.0026171272.0026197047.002100417.00
related injury insurance
Maternity
2473799.0014294765.0014649932.002118632.00
insurance
4. Housing fund 19697119.00 521024871.00 521991535.00 18730455.00
5. Labor union budget
and employee education 1046342699.00 209105734.00 91906625.00 1163541808.00
budget
6. Short-term absence
0.000.000.000.00
with payment
7. Short-term profit
3475890.001952002.004946847.00481045.00
sharing plan
8. Bonus and welfare
20553209.000.000.0020553209.00
fund for staff
9. Other short-term
20607.00394046.00359660.0054993.00
remuneration
Total 3044568227.00 9496803567.00 9057004505.00 3484367289.00
(3) List of Defined Contribution Plans
Unit: RMB
Item Beginning balance Increase Decrease Ending balance
1. Basic pension
31997380.00793734479.00792147025.0033584834.00
benefits
2. Unemployment
1040396.0026777206.0026815657.001001945.00
insurance
3. Annuity 20083349.00 136134393.00 134969402.00 21248340.00
Total 53121125.00 956646078.00 953932084.00 55835119.00
Other notes:
N/A
41. Taxes Payable
Unit: RMB
Item Ending balance Beginning balance
VAT 193871130.00 96556759.00
187BOE Technology Group Co. Ltd. Interim Report 2024
Consumption tax 0.00 0.00
Corporate income tax 506474440.00 502726541.00
Personal income tax 30186631.00 39311660.00
City maintenance and construction tax 262633394.00 309488421.00
Education fees and local education
187955922.00223104253.00
surcharge
Others 128304630.00 145892388.00
Total 1309426147.00 1317080022.00
Other notes: N/A
42. Liabilities Held for sale
Unit: RMB
Item Ending balance Beginning balance
N/A
Total 0.00 0.00
Other notes:
N/A
43. Non-current Liabilities Due within One Year
Unit: RMB
Item Ending balance Beginning balance
Current portion of long-term borrowings 31315866624.00 24221150789.00
Current portion of bonds payable 0.00 0.00
Current portion of long-term payables 34343075.00 47178393.00
Current portion of lease liabilities 159238606.00 168698260.00
Total 31509448305.00 24437027442.00
Other notes:
N/A
44. Other Current Liabilities
Unit: RMB
Item Ending balance Beginning balance
Short-term bonds payable 0.00 0.00
Refunds payable 157264840.00 137738457.00
Warranty provisions 2690263175.00 2751418713.00
Pending changerover output VAT and
131992989.00190865955.00
others
Others 6327666.00 5750466.00
Total 2985848670.00 3085773591.00
Increase/decrease of the short-term bonds payable:
188BOE Technology Group Co. Ltd. Interim Report 2024
Unit: RMB
Issued Interest Amortization Repaid
Bond Par Coupon Issue Bond Issue Beginning in the accrued of premium in the Ending Default
name value rate date duration amount balance current at par and current balance or not
period value depreciation period
N/A
Total
Other notes:
N/A
45. Long-term Borrowings
(1) Category of Long-term Borrowings
Unit: RMB
Item Ending balance Beginning balance
Pledged loans 665160758.00 699292255.00
Mortgage loans 50537150019.00 52437635292.00
Borrowings secured by guarantee 3228690542.00 3137557439.00
Credit borrowings 58140966989.00 65271854036.00
Total 112571968308.00 121546339022.00
Note to the category of long-term borrowings:
N/A
Other notes including interest rate range:
The interest rate range for the Group’s long-term RMB borrowings this year is 0.75% to 4.45% (2023: 1% to 4.55%).
46. Bonds Payable
(1) Bonds Payable
Unit: RMB
Item Ending balance Beginning balance
N/A
Total 0.00 0.00
(2) Changes of Bonds Payable (Excluding Other Financial Instruments Divided as Financial Liabilities such
as Preferred Shares and Perpetual Bonds)
Unit: RMB
Issued Interest Amortization Repaid
Bond Par Coupon Issue Bond Issue Beginning in the accrued of premium in the Ending Default
name value rate date duration amount balance current at par and current balance or not
period value depreciation period
189BOE Technology Group Co. Ltd. Interim Report 2024
N/A
Total
(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 stock and perpetual bond outstanding at the end of
the period
N/A
Changes in financial instruments such as preferred stock and perpetual bond outstanding at the end of the period
Unit: RMB
Outstanding Period-beginning Increase Decrease Period-end
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
47. Lease Liabilities
Unit: RMB
Item Ending balance Beginning balance
Long-term lease liabilities 815257694.00 710839756.00
current portion of lease liabilities -159238606.00 -168698260.00
Total 656019088.00 542141496.00
Other notes:
N/A
48. Long-term Accounts Payable
Unit: RMB
Item Ending balance Beginning balance
Long-term payables 157457082.00 171611393.00
Specific payables 0.00 0.00
Total 157457082.00 171611393.00
190BOE Technology Group Co. Ltd. Interim Report 2024
(1) Long-term Accounts Payable Listed by Nature of Account
Unit: RMB
Item Ending balance Beginning balance
Long-term payables 157457082.00 171611393.00
Other notes:
N/A
(2) Specific Payable
Unit: RMB
Item Beginning balance Increase Decrease Ending balance Formed reason
N/A
Total 0.00 0.00
Other notes:
N/A
49. Long-term Employee Benefits Payable
(1) List of Long-term Payroll Payable
Unit: RMB
Item Ending balance Beginning balance
I. Net liabilities of after-service benefits-
0.000.00
defined benefit schemes
II. Severance benefits 0.00 0.00
III. Other long-term benefits 0.00 0.00
Total 0.00 0.00
(2) Changes in Defined Benefit Plans
Obligation present value of defined benefit plans:
Unit: RMB
Item Reporting Period Same period of last year
I. Beginning balance 0.00 0.00
II. Deemed Benefit Costs Included
0.000.00
Current Profit or Loss
1. Current service cost 0.00 0.00
2. Past service cost 0.00 0.00
3. Settlement gains ("-" for loss) 0.00 0.00
4. Net interest 0.00 0.00
III. Deemed Income Costs Included in
0.000.00
Other Comprehensive Income
191BOE Technology Group Co. Ltd. Interim Report 2024
1. Actuarial gains ("-" for loss) 0.00 0.00
IV. Other Changes 0.00 0.00
1. Consideration paid upon settlement 0.00 0.00
2. Benefits paid 0.00 0.00
V. Closing Balance 0.00 0.00
Plan assets:
Unit: RMB
Item Reporting Period Same period of last year
I. Beginning balance 0.00 0.00
II. Deemed Benefit Costs Included
0.000.00
Current Profit or Loss
1. Net interest 0.00 0.00
III. Deemed Income Costs Included in
0.000.00
Other Comprehensive Income
1. Return on plan assets (excluding net
0.000.00
interest)
2. Changes in asset ceiling impact
0.000.00
(excluding those included in net interest)
IV. Other Changes 0.00 0.00
V. Closing Balance 0.00 0.00
Net liabilities (net assets) of defined benefit plans:
Unit: RMB
Item Reporting Period Same period of last year
I. Beginning balance 0.00 0.00
II. Deemed Benefit Costs Included
0.000.00
Current Profit or Loss
III. Deemed Income Costs Included in
0.000.00
Other Comprehensive Income
IV. Other Changes 0.00 0.00
V. Closing Balance 0.00 0.00
Notes of influence of content of defined benefit schemes and its relevant risks to the future cash flow time and uncertainty of the
Company:
N/A
Notes to the results of significant actuarial assumptions and sensitivity analysis of defined benefit schemes:
N/A
Other notes:
N/A
192BOE Technology Group Co. Ltd. Interim Report 2024
50. Provisions
Unit: RMB
Item Ending balance Beginning balance Formed reason
Guarantees provided for
0.00 0.00 N/A
external parties
Expected losses from pending
Pending litigation 3580000.00 3580000.00
litigation
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 3580000.00 3580000.00
Other notes including notes to related significant assumptions and evaluation of significant provisions:
N/A
51. Deferred Income
Unit: RMB
Item Beginning balance Increase Decrease Ending balance Formed reason
Government grants 4763051955.00 554673221.00 599438465.00 4718286711.00 Government grants
Total 4763051955.00 554673221.00 599438465.00 4718286711.00
Other notes:
N/A
52. Other Non-current Liabilities
Unit: RMB
Item Ending balance Beginning balance
Contract liabilities 0.00 0.00
Contribution of non-controlling interests
2496183179.002500522066.00
with redemption provisions
Total 2496183179.00 2500522066.00
Other notes:
The contribution of non-controlling interests with redemption provisions is mainly due to the Company’s obligation to redeem the
contribution of minority shareholders of the subsidiary Fuzhou BOE. The Company recognises the above-mentioned minority
shareholders’ contributions as financial liabilities measured at amortised cost and will repurchase them at the agreed-upon price
between 2025 and 2034 according to the agreement.
53. Share Capital
193BOE Technology Group Co. Ltd. Interim Report 2024
Unit: RMB
Increase/decrease (+/-)
Item Beginning balance Bonus Bonus issue Ending balance
New issues Others Sub-total
shares from profit
Total shares 37652529195.00 0.00 0.00 0.00 -2547779.00 -2547779.00 37649981416.00
Other notes:
N/A
54. 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
Outstanding Maturity date Conditions
Accounting Interest Issue Conversion
financial Issuance date Quantity Amount or renewal for
classification rate price status
instruments status conversion
24 March Equity RMB RMB 2 Not Not
22BOEY1 3.50% 20 million 3+N years
2022 instrument 100/bond billion applicable applicable
(2) Changes in Financial Instruments such as Preferred Stock and Perpetual Bond Outstanding at the End of the Period
Unit: RMB
Outstanding Period-beginning Increase Decrease Period-end
financial Qua Carrying
instruments Quantity Carrying value Quantity Carrying value Quantity Carrying value ntity value
22BOEY1 20000000.00 2043402946.00 0.00 34712329.00 0.00 70000000.00 20000000.00 2008115275.00
Total 20000000.00 2043402946.00 0.00 34712329.00 0.00 70000000.00 20000000.00 2008115275.00
Changes in other equity instruments for the Current Period explanation on reasons for the changes and basis for related accounting
treatment:
On March 24 2022 the Company issued the 2022 publicly issued renewable corporate bonds of BOE Technology Group Co. Ltd. (to
qualified investors) referred to as "22BOEY1" (hereinafter referred to as the "2022 Bonds"). As at June 30 2024 the accrued interest
on the 2022 Bonds was RMB34712329.00 and the repaid interest was 70000000.00.Other notes:
N/A
55. Capital Reserves
Unit: RMB
Item Beginning balance Increase Decrease Ending balance
Capital premium
50340686263.000.0019810929.0050320875334.00
(premium on stock)
Other capital reserves 1772894483.00 114148253.00 0 1887042736.00
Total 52113580746.00 114148253.00 19810929.00 52207918070.00
Other notes including a description of the increase or decrease for the current period and the reasons for the change:
194BOE Technology Group Co. Ltd. Interim Report 2024
N/A
56. Treasury Shares
Unit: RMB
Item Beginning balance Increase Decrease Ending balance
Treasury shares 462036240.00 0.00 233903606.00 228132634.00
Total 462036240.00 0.00 233903606.00 228132634.00
Other notes including a description of the increase or decrease for the current period and the reasons for the change:
N/A
195BOE Technology Group Co. Ltd. Interim Report 2024
57. Other Comprehensive Income
Unit: RMB
Reporting Period
Less: Recorded in
Less: Recorded in
other
other
comprehensive
Beginning comprehensive Attributable to
Item Income before income in prior Attributable to
balance income in prior Less: Income tax owners of the
Ending balance
taxation in the period and non-controlling
period and expense Company as the
Current Period transferred to interests after tax
transferred to parent after tax
retained earnings
profit or loss in
in the Current
the Current Period
Period
I. Other
comprehensive
income that may
-367431914.00-24181037.000.0014571586.00-5978208.00-32768271.00-6144.00-400200185.00
not subsequently
be reclassified to
profit or loss
Of which:
Changes caused
by re-
0.000.000.000.000.000.000.000.00
measurements on
defined benefit
pension schemes
Other
comprehensive
income that will
not be reclassified -182042185.00 -30842705.00 0.00 0.00 -3544938.00 -27297767.00 0.00 -209339952.00
to profit or loss
under equity
method
Changes in
fair value of other
-185389729.006661668.000.0014571586.00-2433270.00-5470504.00-6144.00-190860233.00
investments in
equity instruments
196BOE Technology Group Co. Ltd. Interim Report 2024
Changes in
fair value of
0.000.000.000.000.000.000.000.00
enterprise credit
risk
II. Other
comprehensive
income that may -769565310.00 -48935692.00 0.00 0.00 0.00 -40920180.00 -8015512.00 -810485490.00
be reclassified to
profit or loss
Of which: Other
comprehensive
income that will
be reclassified to -118842.00 0.00 0.00 0.00 0.00 0.00 0.00 -118842.00
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
0.000.000.000.000.000.000.000.00
other
comprehensive
income
Provision for
credit impairment
of investment in 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
other debt
obligations
Reserve for
0.000.000.000.000.000.000.000.00
cash flow hedges
Translation
differences arising -769446468.00 -48935692.00 0.00 0.00 0.00 -40920180.00 -8015512.00 -810366648.00
from translation
197BOE Technology Group Co. Ltd. Interim Report 2024
of foreign
currency financial
statements
Total of other
comprehensive -1136997224.00 -73116729.00 0.00 14571586.00 -5978208.00 -73688451.00 -8021656.00 -1210685675.00
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
198BOE Technology Group Co. Ltd. Interim Report 2024
58. Specific Reserve
Unit: RMB
Item Beginning balance Increase Decrease Ending balance
Production safety
66472402.00100870034.0046663418.00120679018.00
reserve
Total 66472402.00 100870034.00 46663418.00 120679018.00
Other notes including a description of the increase or decrease for the current period and the reasons for the change:
The Company complied with the relevant provisions of the Management Measures for the Provision and Use of Enterprise Production
Safety Costs (C.Z. [2022] No. 136) jointly issued by the Ministry of Finance and the Ministry of Emergency Management.
59. Surplus Reserves
Unit: RMB
Item Beginning balance Increase Decrease Ending balance
Statutory surplus
3282107326.000.000.003282107326.00
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 3571778635.00 0.00 0.00 3571778635.00
Notes to surplus reserves including the note to increase and decrease in the Reporting Period and the reason for changes:
N/A
60. Retained Profits
Unit: RMB
Item Reporting Period Same period of last year
Beginning balance of retained earnings
35579576607.0035829465307.00
before adjustments
Beginning balance of retained profits
35579576607.0035829465307.00
after adjustments
Add: Net profit attributable to owners of
2284051354.002547435360.00
the Company as the parent
Less: Appropriation for statutory surplus
0.00330597179.00
reserve
Withdrawal of discretional surplus
0.000.00
reserves
Withdrawal of general reserve 0.00 0.00
Dividend of ordinary shares 1129073743.00 2296367348.00
Dividend of common stock
0.000.00
transferred into share capital
199BOE Technology Group Co. Ltd. Interim Report 2024
Interest on holders of other equity
34712331.00118551232.00
instruments
Transfer of other comprehensive income
-14571586.0051808301.00
to retained earnings
Retained earnings 36714413473.00 35579576607.00
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 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.
61. Operating Revenue and Cost of Sales
Unit: RMB
Reporting Period Same period of last year
Item
Income Cost Income Cost
Principal activities 90649519240.00 76270419539.00 78056831790.00 71421814017.00
Other operating
2736722392.002178627937.002121043430.001512031439.00
activities
Total 93386241632.00 78449047476.00 80177875220.00 72933845456.00
Breakdown information of operating revenue and cost of sales:
Unit: RMB
By operating segment Reporting Period Same period of last year
Mainland China 49668918111.00 34647943197.00
Other regions in Asia 24963621059.00 25141466187.00
Europe 2535303477.00 2879703018.00
America 16198047588.00 17499907821.00
Other regions 20351397.00 8854997.00
Total 93386241632.00 80177875220.00
Information related to performance obligations:
Funds Type of quality
Nature of goods
Timing of Whether or not undertaken by assurance
that the
fulfilment 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:
200BOE Technology Group Co. Ltd. Interim Report 2024
Generally the Group assumes the performance obligations of merchandise sales and services for customers. For merchandise sales if
terms of sales returns are offered the limit of income recognition is that cumulated recognised income most likely will not have
significant returns. In terms of performance obligations to be performed within a certain period of time income is recognised according
to the performance progress. Quality assurance provided by customers generally is guaranteed quality assurance. Such guaranteed
quality assurance will not be regarded as a single performance obligation.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 recognised 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
Unit: RMB
Item Accounting treatment Amount of impact on revenue
N/A
Other notes: N/A
62. Taxes and Surtaxes
Unit: RMB
Item Reporting Period Same period of last year
Consumption tax 0.00 0.00
City maintenance and construction tax 94630201.00 79884109.00
Education surcharge 67737591.00 58436254.00
Resources tax 0.00 0.00
Property tax 321248752.00 286396295.00
Land use tax 36538354.00 28677316.00
Vehicle and vessel use tax 0.00 0.00
Stamp duty 86750751.00 74697903.00
Others 10743858.00 12442850.00
Total 617649507.00 540534727.00
Other notes: N/A
63. Administrative Expense
Unit: RMB
Item Reporting Period Same period of last year
Staff cost 1528175861.00 1426764708.00
Maintenance fee 14403662.00 19889386.00
Depreciation and amortization 537801975.00 477193704.00
Share payments 28994177.00 64712156.00
Others 724230296.00 744774627.00
Total 2833605971.00 2733334581.00
201BOE Technology Group Co. Ltd. Interim Report 2024
Other notes:
N/A
64. Selling Expense
Unit: RMB
Item Reporting Period Same period of last year
Warranty provisions 976462667.00 1088263993.00
Staff cost 553449231.00 515360662.00
Share payments 12271105.00 25496986.00
Others 348194287.00 298341655.00
Total 1890377290.00 1927463296.00
Other notes: N/A
65. Development Cost
Unit: RMB
Item Reporting Period Same period of last year
Staff cost 2336952755.00 2214105050.00
Material expenses 955751671.00 836275235.00
Depreciation and amortization 1150148213.00 1080150516.00
Equity incentives 33169944.00 69400282.00
Others 1330254158.00 1067078780.00
Total 5806276741.00 5267009863.00
Other notes: N/A
66. Finance Cost
Unit: RMB
Item Reporting Period Same period of last year
Interest costs 1951473824.00 1838822216.00
Interest income -1145670653.00 -978583668.00
Net loss on exchange -521368401.00 -461917499.00
Others 11007563.00 38548045.00
Total 295442333.00 436869094.00
Other notes: N/A
67. Other Income
Unit: RMB
Sources Reporting Period Same period of last year
Government grants related to assets 291749132.00 259777983.00
Government grants related to income 475304628.00 2460713617.00
Others 310217840.00 25538124.00
Total 1077271600.00 2746029724.00
202BOE Technology Group Co. Ltd. Interim Report 2024
68. Net Gain on Exposure Hedges
Unit: RMB
Item Reporting Period Same period of last year
N/A
Total 0.00 0.00
Other notes: N/A
69. Gains from Changes in Fair Value
Unit: RMB
Sources Reporting Period Same period of last year
Financial assets held for trading -50062137.00 167439034.00
Of which: Gains from changes in
fair value of derivative financial 0.00 0.00
instruments
Trading financial liabilities 0.00 0.00
Investment property measured by fair
0.000.00
value
Total -50062137.00 167439034.00
Other notes: N/A
70. Investment Income
Unit: RMB
Item Reporting Period Same period of last year
Income from long-term equity
investments accounted for using equity -343013126.00 698402235.00
method
Investment income from disposal of
27843519.001581850.00
long-term equity investments
Investment income arising from holding
76368341.008641691.00
of trading financial assets
Investment income from disposal of
16448266.0043836393.00
financial assets held for trading
Dividend income received from holding
11008149.0021651026.00
of other equity instrument investment
Gain from remeasurement of remaining
equity interests to fair value upon the 0.00 0.00
loss of control
Interest income of investment in debt
0.000.00
obligations during holding period
Interest income of investment in other
0.000.00
debt obligations during holding period
Investment income from disposal of
0.000.00
investment in other debt obligations
Gains from debt restructuring 0.00 0.00
Others -617725.00 1185847.00
203BOE Technology Group Co. Ltd. Interim Report 2024
Total -211962576.00 775299042.00
Other notes: N/A
71. Credit Impairment Loss
Unit: RMB
Item Reporting Period Same period of last year
Bad debt loss on notes receivable -2042.00 0.00
Bad debt loss on accounts receivable -25960166.00 8521863.00
Bad debt loss of other receivables 2182253.00 -42689.00
Impairment loss of investment in debt
0.000.00
obligations
Impairment loss of investment in other
0.000.00
debt obligations
Bad debt loss of long-term receivables 0.00 0.00
Impairment losses related to financial
0.000.00
guarantees
Total -23779955.00 8479174.00
Other notes: N/A
72. Asset Impairment Loss
Unit: RMB
Item Reporting Period Same period of last year
I. Loss on inventory valuation and
-2070127168.00-1043297559.00
contract performance cost
II. Impairment loss on long-term equity
0.000.00
investment
III. Impairment loss on investment
0.000.00
property
IV. Fixed assets impairment losses -15946424.00 -13363142.00
V. Depreciation losses on engineering
0.000.00
materials
VI. Impairment losses on construction in
0.000.00
progress
VII. Impairment losses on productive
0.000.00
living assets
VIII. Impairment losses of oil & gas
0.000.00
assets
IX. Impairment losses on intangible
0.000.00
assets
X. Goodwill impairment losses 0.00 0.00
XI. Impairment losses of contract assets -781418.00 0.00
XII. Others 0.00 0.00
Total -2086855010.00 -1056660701.00
Other notes: N/A
204BOE Technology Group Co. Ltd. Interim Report 2024
73. Assets Disposal Income
Unit: RMB
Sources Reporting Period Same period of last year
(Loss) on/gains from disposal of fixed
8670980.008393532.00
assets
Gains from disposal of right-of-use
-21299.00866428.00
assets
Gains from disposal of assets held for
0.000.00
sale
Gains from disposal of intangible assets 0.00 0.00
Loss on disposal of construction in
-1036400.0012600.00
progress
Total 7613281.00 9272560.00
74. 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 non-monetary
0.000.000.00
assets exchange
Donation accepted 0.00 5025.00 0.00
Government grants 511047.00 213595.00 511047.00
Others 119045192.00 195719741.00 119045192.00
Total 119556239.00 195938361.00 119556239.00
Other notes: N/A
75. 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 22447566.00 1726822.00 22447566.00
Loss on scrap of non-current
3615533.0025712531.003615533.00
assets
Others 20826903.00 4227035.00 20826903.00
Total 46890002.00 31666388.00 46890002.00
Other notes: N/A
76. Income Tax Expense
(1) List of Income Tax Expense
Unit: RMB
205BOE Technology Group Co. Ltd. Interim Report 2024
Item Reporting Period Same period of last year
Current income tax expense 892497728.00 782932000.00
Deferred income tax expense -384429635.00 37600936.00
Total 508068093.00 820532936.00
(2) Adjustment Process of Accounting Profit and Income Tax Expense
Unit: RMB
Item Reporting Period
Profit before taxation 2278733754.00
Current income tax expense accounted at statutory/applicable
341810063.00
tax rate
Influence of applying different tax rates by subsidiaries -65269831.00
Influence of income tax before adjustment 0.00
Influence of non-taxable income 0.00
Influence of non-deductable costs expenses and losses 3422010.00
Influence of deductible loss of unrecognized deferred income
-444474042.00
tax assets in prior period
Influence of deductible temporary difference or deductible loss
of unrecognized deferred income tax assets in the Reporting 867480872.00
Period
Others -194900979.00
Income tax expenses 508068093.00
Other notes: N/A
77. Other Comprehensive Income
Refer to Note 57 for details.
78. 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 1132792206.00 2761847535.00
Restricted deposits and others 807690998.00 558103572.00
Total 1940483204.00 3319951107.00
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
206BOE Technology Group Co. Ltd. Interim Report 2024
Daily expenditure paid 2463070868.00 1703860982.00
Daily operation margins deposits and
1147043571.00854866812.00
others paid
Total 3610114439.00 2558727794.00
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
Interest income from investing activities 923190560.00 878583608.00
Recovery of restricted deposits in
326356685.001224495078.00
financial institutions
Investment-based margins and others
1200000.006166721.00
received
Total 1250747245.00 2109245407.00
Significant cash received related to investing activities
Unit: RMB
Item Reporting Period Same period of last year
N/A
Notes to other cash paid relating to operating activities::
N/A
Cash used in other investing activities
Unit: RMB
Item Reporting Period Same period of last year
Investment-based margins and others
40770633.0011541974.00
returned
Total 40770633.00 11541974.00
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 0.00 1528590.00
207BOE Technology Group Co. Ltd. Interim Report 2024
financial institutions
Total 0.00 1528590.00
Notes to other cash paid related to financing activities:
N/A
Cash used in other financing activities
Unit: RMB
Item Reporting Period Same period of last year
Repurchase of shares 0.00 2771603700.00
Repayment of perpetual bonds 0.00 6000000000.00
Leasing-related principals and interests
468531114.00242937365.00
and others
Total 468531114.00 9014541065.00
Notes to other cash paid related to financing activities:
N/A
Changes in liabilities arising from financing activities
□Applicable □ Not applicable
Unit: RMB
Increase Decrease
Item Beginning balance Ending balance
Cash Non-cash Cash Non-cash
Short-term
1746184534.001997262070.0040946922.001949567035.000.001834826491.00
borrowings
Long-term
borrowings
(including non-
145767489811.0021155759428.002391922603.0025427336910.000.00143887834932.00
current liabilities
due within one
year)
Lease liabilities
(including non-
current liabilities 710839756.00 0.00 649124506.00 544706568.00 0.00 815257694.00
due within one
year)
Long-term
payables
(including non-
218789786.000.0055957220.0082946849.000.00191800157.00
current liabilities
due within one
year)
Other non-current
liabilities
(including non-
2500522066.000.0014700001.0019038888.000.002496183179.00
current liabilities
due within one
year)
Total 150943825953.00 23153021498.00 3152651252.00 28023596250.00 0.00 149225902453.00
208BOE Technology Group Co. Ltd. Interim Report 2024
(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
Cash inflows and outflows for
Amounts of restricted
fast-turnover high-value
Restricted monetary funds deposits placed and recovered N/A
short-term items can be
are presented on a net basis.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
79. 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 1770665661.00 -1667583927.00
Add: Provision for impairment of assets 2110634949.00 1048181527.00
Depreciation of fixed assets oil-gas assets and
18031290668.0016438531529.00
productive living assets
Depreciation of right-of-use assets 92149998.00 86990672.00
Amortization of intangible assets 508530765.00 444129765.00
Amortization of long-term deferred expenses 93785395.00 89102010.00
Losses on disposal of fixed assets intangible
-7613281.00-9272560.00
assets and other long-lived assets (gains: negative)
Losses on scrap of fixed assets (gains: negative) -2664750.00 21497303.00
Losses from variation of fair value (gains:
50062137.00-167439034.00
negative)
Finance costs (gains: negative) 713483231.00 1093562434.00
Investment loss (gains: negative) 211344851.00 -775299042.00
Decrease in deferred income tax assets (gains:
-146791012.00-27116549.00
negative)
Increase in deferred income tax liabilities (“-”
-197154806.00102428281.00
means decrease)
Decrease in inventory (gains: negative) -3286494678.00 -3863870302.00
Decrease in accounts receivable generated from
6198588348.001164869933.00
operating activities (gains: negative)
Increase in accounts payable used in operating
-1326611727.002708785180.00
activities (decrease: negative)
Others 65763543.00 -443828097.00
209BOE Technology Group Co. Ltd. Interim Report 2024
Net cash inflow from operating activities 24878969292.00 16243669123.00
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:
Ending balance of cash 57956802361.00 60588316876.00
Less: Beginning balance of cash 52092981748.00 64382037764.00
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 5863820613.00 -3793720888.00
(2) Net Cash Paid For Acquisition of Subsidiaries
Unit: RMB
Item Amount
Cash or cash equivalents paid in the Reporting Period for business
0.00
combination occurring in the Reporting Period
Of which:
Less: Cash and cash equivalents held by subsidiaries on the date of
0.00
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
0.00
disposal of subsidiaries in the Current Period
Of which:
Less: Cash and cash equivalents held by subsidiaries on the
0.00
date of losing control power
Of which:
Add: Cash or cash equivalents received in the Reporting Period
0.00
from disposal of subsidiaries in the prior period
Of which:
Net cash received from disposal of subsidiaries 0.00
210BOE Technology Group Co. Ltd. Interim Report 2024
Other notes:
N/A
(4) Cash and Cash Equivalents
Unit: RMB
Item Ending balance Beginning balance
I. Cash 57956802361.00 52092981748.00
Including: Cash on hand 1097973.00 802967.00
Bank deposits available on demand 57949577986.00 52089093133.00
Other monetary funds available on
6126402.003085648.00
demand
Accounts deposited in the central
0.000.00
bank available for 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
0.000.00
three months
III. Ending balance of cash and cash
57956802361.0052092981748.00
equivalents
Of which: Cash and cash equivalents with
restriction in use for the Company as the 0.00 0.00
parent or subsidiaries of 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
Item Reporting Period Same period of last year
as cash and cash equivalents
N/A
(6) Monetary Funds Other than Cash and Cash Equivalents
Unit: RMB
Reason for not classifying the
Item Reporting Period Same period of last year item as cash and cash
equivalents
Bank deposits with interest at Holding for investment
21871692143.000.00
fixed rates purposes
Mainly refer to margin deposits
Margin deposits 1462511849.00 2817459430.00 pledged for the issuance of bills
payable
Total 23334203992.00 2817459430.00
Other notes:
N/A
211BOE Technology Group Co. Ltd. Interim Report 2024
(7) Notes on Other Significant Activities
N/A
80. 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
81. 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 29253169226.00
Including: USD 4036296069.00 7.1268 28765874826.00
EUR 21184662.00 7.6617 162310524.00
HKD 90750014.00 0.9127 82827538.00
Accounts receivable 15900998797.00
Including: USD 2148484482.00 7.1268 15311819207.00
EUR 818734.00 7.6617 6272898.00
HKD 553147652.00 0.9127 504857862.00
Long-term loans 18087141354.00
Including: USD 2537905000.00 7.1268 18087141354.00
EUR 0.00 7.6617 0.00
HKD 0.00 0.9127 0.00
Other notes:
N/A
(2) Notes to Overseas Entities Including: for Significant Overseas Entities Main Operating Place Recording
Currency and Selection Basis Shall Be Disclosed; if there Are Changes in Recording Currency Relevant
Reasons Shall Be Disclosed.□Applicable □Not applicable
82. Leases
(1) The Company Served as the Lessee:
□Applicable □Not applicable
212BOE Technology Group Co. Ltd. Interim Report 2024
(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 469182379.00 0.00
Total 469182379.00 0.00
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
VIII. Research and Development Expenses
Unit: RMB
Item Reporting Period Same period of last year
Staff cost 2351979432.00 2214105050.00
Material expenses 968129302.00 836275235.00
Depreciation and amortization 1155582296.00 1080150516.00
Equity incentives 33169944.00 69400282.00
Others 1333729567.00 1067078780.00
Total 5842590541.00 5267009863.00
Including: research and development
5806276741.005267009863.00
expenditures that are expensed
research and development
36313800.000.00
expenditures that are capitalised
1. Research and Development Projects Which are Eligible for Capitalisation
Unit: RMB
Increased amount Decrease
Beginning
Item Internal Recognised as Transferred into Ending balance
balance development Others intangible the current
expenditure assets profit or loss
HC Semitek
Corporation 166977531.00 36313800.00 0.00 101813566.00 0.00 101477765.00
LED and
213BOE Technology Group Co. Ltd. Interim Report 2024
Micro-LED
technology
development
Total 166977531.00 36313800.00 0.00 101813566.00 0.00 101477765.00
Significant capitalised 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
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 net acquiree’s
Name of Date of Cost of Proportion Method of determining revenue from profit from cash flows
Acquisition
the equity equity of equities equity the the the from the
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
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
214BOE Technology Group Co. Ltd. Interim Report 2024
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
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 assets:
N/A
Contingent liabilities of the acquiree assumed in the business combination:
N/A
Other notes:
N/A
215BOE Technology Group Co. Ltd. Interim Report 2024
(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
The combined
Basis for the The combined
party’s revenue The The
Proportion of judgment party’s net profit
Basis for from the combined combined
Name of equity about the from the beginning
determining beginning of the party’s party’s net
the interests business Combination of the current
the current period in revenue profit
combined acquired in combination date period in which
combination which the during the during the
party the business under the combination
date combination comparison comparison
combination common occurred to the
occurred to the period period
control 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:
216BOE Technology Group Co. Ltd. Interim Report 2024
N/A
(3) The Carrying Value of Assets and Liabilities of the Combined Party on the Combination Date
Unit: RMB
Item
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:
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:
217BOE Technology Group Co. Ltd. Interim Report 2024
The newly added subsidiaries in the merger scope this year include Chongqing BOE Jingyuan Technology Co. Ltd. BOE Vision
Technology (Vietnam) Co. Ltd. Zhuhai BOE Crystal Chip Technology Co. Ltd. BOE Huacan Jingtu Technology (Zhejiang) Co.Ltd. Hefei BOE Ruishi Technology Co. Ltd. Qingdao BOE Energy Technology Co. Ltd. and Hefei BOE Solar Energy Technology
Co. Ltd;
The consolidation scope this year is narrowed by canceling subsidiaries: Yunnan BOE Smart Technology Co. Ltd. BOE Education
Technology Co. Ltd. and Beijing Dongfang Hengtong Technology Development Co. Ltd.
218BOE Technology Group Co. Ltd. Interim Report 2024
X. Equity in Other Entities
1. Equity in Subsidiary
(1) Subsidiaries
Unit: RMB
Main operating Shareholding percentage Acquisition
Name of the subsidiary Registered capital Registered place Business nature
place Direct Indirect method
Beijing BOE
Research and development (“R&D”) design and manufacturing Founded by
Optoelectronics 4626077148.00 Beijing China Beijing China 0.00% 100.00%
of TFT-LCD devices investment
Technology Co. Ltd.Business
combinations
Chengdu BOE
R&D design production and sales of new display devices and involving
Optoelectronics 25000000000.00 Chengdu China Chengdu China 100.00% 0.00%
modules and other electronic components entities not
Technology Co. Ltd.under common
control
Business
combinations
Hefei BOE Investment construction R&D production and sales of the
involving
Optoelectronics 2700000000.00 Hefei China Hefei China relevant products of Thin Film Transistor Liquid Crystal Display 100.00% 0.00%
entities not
Technology Co. Ltd. (TFT-LCD) devices and its auxiliary products.under common
control
Beijing BOE Display Development of Thin Film Transistor Liquid Crystal Display
Founded by
Technology Co. Ltd. 8941456800.00 Beijing China Beijing China (TFT-LCD) devices manufacturing and sale of Liquid Crystal 97.17% 2.83%
investment
(Beijing BOE Display) Display (LCD)
Business
combinations
Hefei Xinsheng Investment construction R&D production and sales of the
involving
Optoelectronics 9750000000.00 Hefei China Hefei China relevant products of Thin Film Transistor Liquid Crystal Display 99.97% 0.03%
entities not
Technology Co. Ltd. (TFT-LCD) devices and its auxiliary products.under common
control
Ordos Yuansheng Manufacture and sales of AM-OLED display device-related Founded by
11804000000.00 Ordos China Ordos China 100.00% 0.00%
Optoelectronics Co. products and auxiliary products. investment
219BOE Technology Group Co. Ltd. Interim Report 2024
Ltd.Business
combinations
Chongqing BOE R&D production and sales of semiconductor display devices
Chongqing involving
Optoelectronics 3845200000.00 Chongqing China entire machines and relevant products; import and export of 100.00% 0.00%
China entities not
Technology Co. Ltd. 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 products (business premises
are separately established); proprietary and agency import and Business
export of commodities and technologies (excluding combinations
Fuzhou BOE
commodities and technologies that are restricted or prohibited involving
Optoelectronics 17600000000.00 Fuzhou China Fuzhou China 86.08% 0.00%
by the government); business management consultancy and entities not
Technology Co. Ltd.services; house leasing; leasing of machinery equipment; under common
technological development transfer consultancy and services control
of display devices-related products. (For items that require
approval by law the approval from related authorities must be
obtained before engagement in the business activities)
Beijing BOE Vision
Founded by
Electronic Technology 5636475800.00 Beijing China Beijing China An investment platform that sells Liquid Crystal Display (LCD) 100.00% 0.00%
investment
Co. Ltd.Beijing BOE Vacuum Mainly engaged in the production and sales of vacuum electrical Founded by
33250000.00 Beijing China Beijing China 57.89% 0.00%
Electrical Co. Ltd products investment
Engineering project management; property management
Beijing Yinghe Century Founded by
233105200.00 Beijing China Beijing China services; rental of commercial properties; rental of offices; 100.00% 0.00%
Co. Ltd. investment
enterprise management consultancy
BOE Optical Science
R&D production and sales of LCD back light for display and Founded by
and Technology Co. 826714059.00 Suzhou China Suzhou China 96.12% 0.00%
related components. investment
Ltd.BOE Hyundai LCD
Development manufacture and sale of liquid display for mobile Founded by
(Beijing) Display 35634000.00 Beijing China Beijing China 75.00% 0.00%
termination. investment
Technology Co. Ltd.BOE (Hebei) MOBILE
Langfang Manufacture and sale of mobile flat screen display technical Founded by
Display Technology 1358160140.00 Langfang China 100.00% 0.00%
China products and related services. investment
Co. Ltd.Beijing BOE Technology development technology transfer technology
Founded by
Multimedia Technology 400000000.00 Beijing China Beijing China consulting and technology services; sales of computer software 100.00% 0.00%
investment
Co. Ltd. hardware and auxiliary equipment digital video and audio
220BOE Technology Group Co. Ltd. Interim Report 2024
technology products electronic digital products video
telephone mobile phones and spare parts hardware (excluding
electric bicycle) household appliances photographic
equipment sporting goods Class I medical devices lamps
stationery cosmetics bathroom appliances knitwear and textile
clothing daily necessities timepieces glasses toys and food;
equipment maintenance; import and export of goods; basic
software services; application software service; machinery and
equipment leases; design production agency and publication of
advertisements. (Market participants independently select the
business activities and carry out the business activities in
accordance with laws and regulations; sales of food and
business activities subject to approval in accordance with laws
and regulations operations may be conducted only with the
approval of relevant government authorities; business activities
prohibited and restricted by the industrial policies of the state
and the city.)
Design consultancy and service of solar cell photovoltaic
Beijing BOE Energy Founded by
1242690058.00 Beijing China Beijing China system wind power system and solar thermal system as well as 68.40% 0.00%
Technology Co. Ltd. investment
the assembly units; energy-saving service.Beijing BOE Life Technology promotion services property management sales of Founded by
24000000.00 Beijing China Beijing China 100.00% 0.00%
Technology Co. Ltd. electronic products investment
Beijing Zhongxiangying Technology promotion services property management sales of Founded by
109767000.00 Beijing China Beijing China 91.10% 0.00%
Technology Co. Ltd. electronic products investment
Ordos City Haosheng
Founded by
Energy Investment Co. 37440000.00 Ordos China Ordos China Energy investment 0.00% 100.00%
investment
Ltd.BOE Semi-conductor Founded by
11250000.00 Beijing China Beijing China Glass thinning and metal part processing 84.00% 0.00%
Co. Ltd. investment
BOE Optoelectronics Hong Kong British Virgin Founded by
7126800000.00 Investment holding 100.00% 0.00%
Holding Co. Ltd. China Islands investment
Founded by
BOE (Korea) Co.Ltd. 494000.00 South Korea South Korea Wholesale and retail trade 100.00% 0.00%
investment
Business
combinations
BOE Health Investment involving
18300000000.00 Beijing China Beijing China Investment management and project investment. 100.00% 0.00%
Management Co. Ltd. entities not
under common
control
221BOE Technology Group Co. Ltd. Interim Report 2024
Business
combinations
Beijing BOE
Property management lease for commercial use business involving
Matsushita Color CRT 325754049.00 Beijing China Beijing China 88.80% 0.00%
management consulting etc entities not
Co. Ltd.under common
control
Business
combinations
Hefei BOE Display Investment R & D and production of products related to Thin
involving
Technology Co. Ltd. 24000000000.00 Hefei China Hefei China Film Transistor Liquid Crystal Display (TFT-LCD) devices and 36.67% 0.00%
entities not
(Hefei BOE Display) the supporting facility
under common
control
Beijing BOE
Founded by
Technology 1000000.00 Beijing China Beijing China Development transfer consulting and service of technology 100.00% 0.00%
investment
Development Co. Ltd.Hefei BOE Zhuoyin Investment construction R&D production and sales of Founded by
800000000.00 Hefei China Hefei China 75.00% 0.00%
Technology Co. Ltd. products related to OLED display device and auxiliary products. investment
Development construction property management and
supporting service of industrial plants and supporting facilities;
Beijing BOE Land Co. Founded by
55420000.00 Beijing China Beijing China information consulting of real estate; lease of commercial 70.00% 0.00%
Ltd. investment
facilities commercial attendants and the supporting service
facilities; motor vehicles public parking service.Sales of communication equipment hardware & software of
computer and peripheral units electronic products equipment
Beijing BOE Marketing maintenance; development transfer consulting and service Founded by
50000000.00 Beijing China Beijing China 100.00% 0.00%
Co. Ltd. providing of technologies; import & export of goods and investment
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 platforms; providing service of
Yunnan Chuangshijie
conferences; undertaking of exhibitions; computer animation Founded by
Optoelectronics 3040000000.00 Kunming China Kunming China 82.77% 0.00%
design; production R&D and sales of OLED micro display investment
Technology Co. Ltd.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 26000000000.00 Mianyang Mianyang China R&D production and sales of soft AMOLEDs that are mainly 83.46% 0.00% Business
222BOE Technology Group Co. Ltd. Interim Report 2024
Optoelectronics China applied in smartphones wearable devices and vehicle display combinations
Technology Co. Ltd. systems involving
entities not
under common
control
Technology development technology consulting technology
services technology transfer IoT application services
Beijing BOE Sensor information system integration services electronic component Founded by
4786482400.00 Beijing China Beijing China 100.00% 0.00%
Technology Co. Ltd. manufacturing integrated circuit manufacturing and sales investment
integrated circuit chip and product sales functional glass and
new optical material sales etc.Business
Investment building R&D production sales and technological combinations
Wuhan BOE
development transfer consultancy and services of Thin Film involving
Optoelectronics 26000000000.00 Wuhan China Wuhan China 47.14% 0.00%
Transistor Liquid Crystal Display (TFT-LCD) devices-related entities not
Technology Co. Ltd.products and supporting products under common
control
Business
combinations
Chongqing BOE R&D production and sales of semiconductor display device-
Chongqing involving
Display Technology 26000000000.00 Chongqing China related products and supporting products; import and export of 38.46% 0.00%
China entities not
Co. Ltd. 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 Business
or technology; display device and component other electronic combinations
Fuzhou BOE Display components and technology development technology transfer involving
50000000.00 Fuzhou China Fuzhou China 43.46% 0.00%
Technology Co. Ltd. technical consulting related fields related to display devices and entities not
electronic products technical services; business management under common
consulting; property management; house rental; machinery and control
equipment rental
Hefei BOE Xingyu R&D production and sales of Mini LED backlight components Founded by
822290184.00 Hefei China Hefei China 65.00% 0.00%
Technology Co. Ltd. and Mini LED display modules and components investment
General items: Technical services development consultancy
exchanges transfer and promotion; digital technology services;
Dongfang Chengqi
software outsourcing services; software sales; sales of daily Founded by
(Beijing) Business 10000000.00 Beijing China Beijing China 100.00% 0.00%
necessities; wholesale of daily necessities; sales agency; investment
Technology Co. Ltd.translation services; conference and exhibition services;
organisation of cultural and artistic exchange activities;
223BOE Technology Group Co. Ltd. Interim Report 2024
advertising production; advertising publication; advertisement
design and agency; business management; market research
(excluding foreign-related surveys); real estate consultancy;
social and economic consultancy services; health consultancy
services (excluding diagnostic and treatment services); ticketing
agency services; passenger ticketing agency; business agency
services; planning and consultancy of tourism development
projects; hotel management; property management; parking lot
services; urban greening management; landscaping project
construction; professional cleaning and disinfection services;
import and export of goods; import and export of technologies;
import and export agency; sales of automobile decorative
products; business management consultancy; food sales (only
sales of prepackaged food); sales of fire protection equipment;
sales of knitwear and textile products and their raw materials;
clothing and apparel wholesale; retail of hardware products;
disinfectant sales (excluding hazardous chemicals); wholesale of
kitchen utensils and sanitary ware and daily groceries; software
development; sales of special labour protective equipment; sales
of construction materials; sales of household appliances; sales of
office equipment; manufacturing of plastic products; solid waste
management. (The enterprise shall conduct business activities
according to its business license by law besides projects that
must be approved by law.) Licensed projects: Internet
information services; tourism business; operating services of
urban domestic waste; kitchen waste. (Projects which must be
approved shall be conducted upon approval of relevant
departments. Specific business projects shall be subject to the
approval document or license of relevant departments.) (The
enterprise shall not engage in business activities that are
prohibited and restricted by national and municipal industrial
policies.)
Project investment; investment management.? ("1. The company
shall not raise funds in any public manner; 2. It shall not
conduct securities products and financial derivative transactions
BOE Innovation Founded by
4577000000.00 Beijing China Beijing China in any public manner; 3. It shall not issue loans; 4. It shall not 100.00% 0.00%
Investment Co. Ltd. investment
provide guarantees for enterprises other those it invests in; 5. It
shall not promise any principal guarantee or minimum return to
investors"; (Market participants independently select the
224BOE Technology Group Co. Ltd. Interim Report 2024
business activities and carry out the business activities in
accordance with laws and regulations; sales of food and
business activities subject to approval in accordance with laws
and regulations operations may be conducted only with the
approval of relevant government authorities; business activities
prohibited and restricted by the industrial policies of the state
and the city.))
Provision of hardware and software integrated system solutions
BOE Smart Technology for the IoT market segment; smart city smart transport smart Founded by
6521250000.00 Beijing China Beijing China 100.00% 0.00%
Co. Ltd. finance smart parks and the display terminal products such as investment
the smart all-in-one machines
R&D manufacturing and sales of TFT-LCD panels color filters
and whole liquid crystal modules; provision of products and
Business
business-related services as well as other business activities
combinations
associated with the foregoing; proprietary and agency import
Nanjing BOE Display involving
17500000000.00 Nanjing China Nanjing China and export of various goods and technologies (excluding goods 80.83% 0.00%
Technology Co. Ltd. entities not
and technologies restricted by state or import & export
under common
prohibited). (For items that require approval by law the
control
approval from related authorities must be obtained before
engagement in the business activities)
R&D production and sales of TFT-LCD panels and modules
Business
Liquid Crystal Display (LCD) televisions instruments
combinations
machinery equipment and accessories as well as provision of
Chengdu BOE Display involving
21550000000.00 Chengdu China Chengdu China technical services; foreign trade in form of import and export of 35.03% 0.00%
Technology Co. Ltd. entities not
goods and technology. (For items that require approval by law
under common
the approval from related authorities must be obtained before
control
engagement in the business activities).Technology development technology consultancy technology
transfer and technology services; basic software services;
application software services; computer system services;
Internet data services (excluding data centres in Internet data
services and cloud computing data centre with PUE over 1.4);
BOE Jingxin Founded by
2140000000.00 Beijing China Beijing China information processing and storage support services; general 100.00% 0.00%
Technology Co. Ltd. investment
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.BOE Environmental 100000000.00 Beijing China Beijing China Energy-saving technology new energy technology for 100.00% 0.00% Founded by
225BOE Technology Group Co. Ltd. Interim Report 2024
and Energy Technology environmental protection environmental protection equipment investment
Co. Ltd. solar power generation technology development technology
consulting technology transfer technology promotion
technology services and technology testing for building
integrated photovoltaics and green building electric power and
power station operation and maintenance; software
development; internet data services (data centres in Internet data
services excluding cloud computing data centres with a PUE
over 1.4); information processing and storage support services
(data centres in information processing and storage support
services excluding cloud computing data centres with a PUE
over 1.4); energy management contracting; water contamination
governance; atmospheric pollution governance; solid wastes
governance; soil pollution control and remediation services;
environmental protection monitoring; installation maintenance
and lease of equipment; professional design services; property
management; sales of special equipment for environmental
protection illuminating equipment electronic products
machinery and equipment electrical equipment instruments
hardware products computers software and ancillary
equipment and chemical products (excluding licensed chemical
products); import and export of goods; import and export of
technologies; agency of import & export; power service;
construction engineering design; electrical installation services;
miscellaneous engineering construction activities; general
contracting of housing construction and municipal infrastructure
project engineering; construction labour subcontracting.General items: Technological services development
consultancy exchanges transfer and promotion; manufacturing
of display devices [operated by a branch]; sales of display
devices; manufacturing of electronic components [operated by a
branch]; wholesale of electronic components; manufacturing of
Chengdu BOE Display other electronic devices [operated by a branch]; import and Founded by
38000000000.00 Chengdu China Chengdu China 52.63% 0.00%
Technology Co. Ltd. export of goods; import and export of technologies; business investment
management consultancy; property management; rental of non-
residential real estate; leasing of machinery equipment.(business activities shall be conducted independently in
accordance with laws with the business license except the items
that require approval in accordance with laws)
226BOE Technology Group Co. Ltd. Interim Report 2024
Manufacturing of display devices; sales of display devices;
manufacturing of electronic components; wholesale of
electronic components; technological services development
Beijing BOE
consultancy exchanges transfer and promotion; import and Founded by
Chuangyuan 14500000000.00 Beijing China Beijing China 79.31% 0.00%
export of goods; import and export of technologies; business investment
Technology Co. Ltd.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 services; data
Mianyang BOE processing services; sales of electronic products; sales of digital
Founded by
Electronics Technology 2400000000.00 Sichuan China Sichuan China and cultural creative equipment; sales of semiconductor lighting 100.00% 0.00%
investment
Co. Ltd. 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.(business activities shall be conducted independently in
accordance with laws with the business license except the items
that require approval in accordance with laws)
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;
Beijing Shiyan manufacturing of optoelectronic devices; manufacturing of Founded by
209000000.00 Beijing China Beijing China 80.00% 0.00%
Technology Co. Ltd. display devices; manufacturing of mobile terminal equipment; investment
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; manufacturing of integrated circuits; design of
227BOE Technology Group Co. Ltd. Interim Report 2024
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. (The enterprise
shall conduct business activities according to its business license
by law besides projects that must be approved by law.) (The
enterprise shall not engage in business activities that are
prohibited and restricted by national and municipal industrial
policies.)
Design manufacturing sales and leasing of semiconductor
materials and devices electronic materials and devices
semiconductor lighting equipment sapphire crystal growth and Business
sapphire deep processing products; research and development combinations
BOE HC Semitek Co. manufacturing and provision of technical services for integrated involving
1616698797.00 Wuhan China Wuhan China 23.01% 0.00%
Ltd. circuits and sensors; import and export of proprietary products entities not
and raw materials. (The above business scope does not involve under common
special management measures for foreign investment access; control
business activities that require approval in accordance with laws
shall be subject to approval by relevant authorities)
Notes to holding proportion in subsidiary different from voting proportion:
(1) BOE signed the Agreement of Acting in Concert with Hefei Core Screen Industrial Investment Fund (Limited Partnership). Based on the agreement Hefei Core Screen Industrial Investment
Fund (Limited Partnership) agreed to act as the persons acting in concert according to the wishes of the Company and exercised the voting rights unconditionally and irrevocably in accordance
with the opinions of the Company. Therefore BOE owns 100% of the voting right ratio to Hefei BOE Display and includes it in the consolidation scope.
(2) BOE signed the Agreement of Acting in Concert with Wuhan Airport Economic Development Zone Industrial Development Investment Group Co. Ltd. and Hubei Changbai Industrial
Investment Fund Partnership (Limited Partnership). Based on the agreement Wuhan Airport Economic Development Zone Industrial Development Investment Group Co. Ltd. and Hubei Changbai
Industrial Investment Fund Partnership (Limited Partnership) agreed to act as the persons acting in concert according to the wishes of the Company and exercised the voting rights unconditionally
and irrevocably in accordance with the opinions of the Company. Therefore BOE owns 100% of the voting right ratio to Wuhan BOE Optoelectronics Technology and includes it in the
consolidation scope.
(3) BOE signed the Agreement of Acting in Concert with Chongqing Strategic Emerging Industry Equity Investment Fund Partnership (Limited Partnership) and Chongqing Yuzi Optoelectronic
Industry Investment Co. Ltd. Chongqing Jianxin Junheng Private Equity Fund Partnership (Limited Partnership) and Chongqing Jingping Equity Investment Fund Partnership (Limited
Partnership). Based on the agreement Chongqing Strategic Emerging Industry Equity Investment Fund Partnership (Limited Partnership) and Chongqing Yuzi Optoelectronic Industry Investment
Co. Ltd. Chongqing Jianxin Junheng Private Equity Fund Partnership (Limited Partnership) and Chongqing Jingping Equity Investment Fund Partnership (Limited Partnership) agreed to act as
228BOE Technology Group Co. Ltd. Interim Report 2024
the persons acting in concert according to the wishes of the Company and exercised the voting rights unconditionally and irrevocably in accordance with the opinions of the Company. Therefore
BOE owns 100% of the voting right ratio to Chongqing BOE Display Technology and includes it in the consolidation scope.
(4) BOE signed the Agreement of Acting in Concert with Fuqing City Invested-Construction Investment Group Co. Ltd. and Fuzhou Urban Construction Investment Group Co. Ltd. Based on
the agreement Fuqing City Invested-Construction Investment Group Co. Ltd. and Fuzhou Urban Construction Investment Group Co. Ltd. agreed to act as the persons acting in concert according
to the wishes of the Company and exercised the voting rights unconditionally and irrevocably in accordance with the opinions of the Company. Therefore BOE owns 100% of the voting right
ratio to Fuzhou BOE Display Technology Co. Ltd. and includes it in the consolidation scope.
(5) BOE signed the Agreement of Acting in Concert with Chengdu Advanced Manufacturing Industry Investment Co. Ltd. Chengdu Airport Xingcheng Investment Group Co. Ltd. Ya’an
Yashuang Investment Co. Ltd. Nanjing Panda Information Industry Group Co. Ltd. and Zhongdian Financial Investment Holding Co. Ltd. aiming to control Chengdu BOE Display Technology
Co. Ltd. by acting in concert. Chengdu Advanced Manufacturing Industry Investment Co. Ltd. Chengdu Airport Xingcheng Investment Group Co. Ltd. Chengdu Xihanggang Industrial
Development Investment Co. Ltd. Nanjing Panda Information Industry Group Co. Ltd. and China Electronics Corporation agreed to act as the persons acting in concert according to the wishes
of the Company on exercising their shareholders’ rights at the Board of Directors and voting rights on recommended directors in Chengdu CEC Panda Display Technology Co. Ltd. on the
premise of not harming their interests. Therefore BOE owns 96.75% of the voting right ratio to Chengdu BOE Display Technology Co. Ltd. and includes it in the consolidation scope.
(6) The Company and New Sure Limited entered into the Share Voting Rights Management Agreement on 4 November 2022 pursuant to which New Sure Limited agreed to unconditionally and
irrevocably delegate to the Company the exercise and management of its voting nomination and ancillary rights in respect of its holdings in HC Semitek Corporation; the Company and Yiwu
Harmony Core Light Equity Investment Partnership (Limited Partnership) signed an agreement on 10 November 2022 whereby Yiwu Harmony Core Light Equity Investment Partnership (Limited
Partnership) undertook that it would not individually jointly or with the assistance of a third party seek to obtain the control over HC Semitek Corporation; Zhuhai Huafa Technology Industry
Group Co. Ltd. issued a commitment letter to the Company on 10 November 2022 undertaking that Zhuhai Huafa Technology Industry Group Co. Ltd. and its controlled entities will not seek
the control over HC Semitek Corporation individually jointly or with the assistance of third parties and will not form a concerted action relationship with the shareholders of HC Semitek
Corporation or seek the control over HC Semitek Corporation by way of entrustment agreement alliance or signing of a concerted action agreement etc. Therefore the Company’s percentage of
voting rights over HC Semitek Corporation is 26.52% which makes the Company a controlling shareholder of HC Semitek Corporation.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
Basis for the determining the Company as the agent or the trustor:
N/A
229BOE Technology Group Co. Ltd. Interim Report 2024
Other notes:
N/A
(2) Significant Non-wholly-owned Subsidiary
Unit: RMB
Shareholding proportion of non- The profit or loss attributable to the Declaring dividends distributed to Ending balance of non-controlling
Name of the subsidiary
controlling interests non-controlling interests non-controlling interests interests
Wuhan BOE Optoelectronics
52.86%424932160.000.0013420488042.00
Technology Co. Ltd.Chongqing BOE Display
61.54%-692572995.000.0014083652863.00
Technology Co. Ltd.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
Unit: RMB
Ending balance Beginning balance
Name of the
subsidiary Current Non-current Current Non-current Total Current Non-current Current Non-current Total Total assets Total assets
assets assets liabilities liabilities liabilities assets assets liabilities liabilities liabilities
Wuhan BOE
Optoelectroni 933374298 331510420 424847850 731263116 978341370 170960448 688561825 352695085 421551268 537713711 121976387 175747758
cs Technology 6.62 28.74 15.36 3.58 3.31 66.89 4.22 46.96 01.18 6.84 47.26 64.10
Co. Ltd.Chongqing
BOE Display 913694528 370715634 462085086 898533810 143378068 233231449 809898013 375276867 456266668 861227963 130055871 216178668
Technology 9.03 08.70 97.73 7.92 21.57 29.49 2.31 06.61 38.92 8.41 91.90 30.31
Co. Ltd.
230BOE Technology Group Co. Ltd. Interim Report 2024
Unit: RMB
Reporting Period Same period of last year
Name of the subsidiary Total Cash flows from Total Cash flows from
Operating revenue Net profit comprehensive operating Operating revenue Net profit comprehensive operating
income activities income activities
Wuhan BOE Optoelectronics
8811683594.33803882254.73803882254.731100104703.727036723065.00-1145636462.00-1145636462.001446335090.00
Technology Co. Ltd.Chongqing BOE Display Technology
4560307235.07-1125402980.99-1125402980.99657943221.841395192424.00-190979088.00-190979088.00-297292696.00
Co. Ltd.Other notes:
N/A
231BOE Technology Group Co. Ltd. Interim Report 2024
(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
N/A
(2) The Effects of the Transaction on Non-controlling Interests and Equity Attributable to Owners of the Company as the
Parent
Unit: RMB
Item
Purchase cost/disposal consideration 0.00
-Cash 0.00
-Fair value of non-cash assets 0.00
Total of purchase cost/disposal consideration 0.00
Less: Subsidiary net assets proportion calculated by share
0.00
proportion obtained/disposal
Difference 0.00
Of which: Adjustment of capital reserves 0.00
Surplus reserves adjustments 0.00
Retained profits adjustments 0.00
Other notes:
N/A
3. Equity in Joint Ventures or Associated Enterprises
(1) Significant Joint Ventures or Associated Enterprises
Shareholding percentage Accounting treatment
Main operating Registered method for the
Name Business nature
place place Direct Indirect investment in joint
ventures or associated
232BOE Technology Group Co. Ltd. Interim Report 2024
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
--Unrealised 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
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 0.00 0.00
233BOE Technology Group Co. Ltd. Interim Report 2024
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
--Unrealised 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
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
234BOE Technology Group Co. Ltd. Interim Report 2024
Unit: RMB
Beginning balance/Same period of last
Item Ending balance/Reporting Period
year
Joint ventures:
Total carrying value of investment 404488477.00 400375826.00
The total of following items according to
the shareholding proportions
--Net profit 4112595.00 0.00
--Other comprehensive income 0.00 0.00
--Total comprehensive income 4112595.00 0.00
Associated enterprises:
Total carrying value of investment 12752168919.00 13331320801.00
The total of following items according to
the shareholding proportions
--Net profit -363733282.00 698402235.00
--Other comprehensive income -30842704.00 6317985.00
--Total comprehensive income -394575986.00 704720220.00
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
The cumulative recognised The derecognized losses (or The accumulative
Name losses in previous the share of net profit) in unrecognised losses in
accumulatively derecognized Reporting Period Reporting Period
Hefei Xin Jing Yuan Electronic
12153720.00-447356.0011706364.00
Materials Co. Ltd.Beijing BOE Microbial
1779507.00-1779507.000.00
Technology Co. Ltd.Hefei Jiangcheng Technology
13071337.008051144.0021122481.00
Co. Ltd.Other notes:
N/A
(7) The Unrecognised Commitment Related to Investment to Joint Ventures
N/A
235BOE Technology Group Co. Ltd. Interim Report 2024
(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. Government Grants
1. Government Grants Recognised at the End of the Reporting Period at the Amount Receivable
□Applicable □Not applicable
Reasons for failing to receive government grants in the estimated amount at the estimated point in time
□Applicable □Not applicable
2. Liability Items Involving Government Grants
□Applicable □Not applicable
Unit: RMB
Amounts
Balance at the Additions Amounts Related to
recognise
Item beginning of the during recognised in Other changes Ending balance assets/
d in
year the year other income income
non-
236BOE Technology Group Co. Ltd. Interim Report 2024
operating
income
Deferred Related to
3758611328.0078772263.000.00291749132.0016543222.003529091237.00
Income assets
Deferred Related to
1004440627.00475900958.000.00288131897.003014214.001189195474.00
Income income
3. Government Grants Recognised in Profit or Loss for the Current Period
□Applicable □ Not applicable
Unit: RMB
Accounting items Reporting Period Same period of last year
Other income 767053760.00 2720491600.00
Non-operating income 511047.00 213595.00
Other notes:
N/A
XII. 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.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 exposure to credit risk is influenced mainly by the individual characteristics of each customer. Therefore significant
concentrations of credit risk primarily arise when the Group has significant exposure to individual customers. On the balance sheet
date the accounts receivable and contract assets of the top five customers of the Group accounted for 32% of the total accounts
receivable and contract assets of the Group (2023: 36%). 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 stated in
Note XVI as of 30 June 2024 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
237BOE Technology Group Co. Ltd. Interim Report 2024
regularly monitor its liquidity requirements and its compliance with lending covenants to ensure that it maintains sufficient reserves
of cash readily realisable 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 2024 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 RMB468.52 million (2023: RMB481.87 million) 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 are mainly
denominated in USD. The total risk exposure of USD projects is a net asset exposure of USD1089455743 (2023 net liability exposure:
USD191267567) and the amount converted into RMB at the spot exchange rate on the balance sheet date is RMB7764333189
(2023: RMB1354690797). 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 will result in a decrease/increase of RMB407979205 in both
shareholder’s equity and net profit (2023: decrease/increase of RMB105886060).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 effectiveness Impact of hedge
Carrying value related hedge adjustment of the
and hedge accounting on the
Item to hedged items and hedged item included in
ineffectiveness Company’s financial
hedging instruments the recognised carrying
partial sources statements
value of the hedged item
Types of hedge risk
238BOE Technology Group Co. Ltd. Interim Report 2024
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 Derecognised due to Transfer
□Applicable □Not applicable
(3) Continued Involvement in the Transfer of Assets Financial Assets
□Applicable □Not applicable
Other notes:
N/A
XIII. 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 value Level 2 Fair value Level 3 Fair value
Total
measurement measurement measurement
I. Consistent fair value
--------
measurement
1. Trading financial
174207239.000.0010546796180.0010721003419.00
assets
(1) Financial assets at
fair value through 174207239.00 0.00 10546796180.00 10721003419.00
profit or loss
1) Debt instruments
0.000.008220319994.008220319994.00
investment
2) Equity instruments
174207239.000.002326476186.002500683425.00
investment
239BOE Technology Group Co. Ltd. Interim Report 2024
3) Derivative financial
0.000.000.000.00
assets
(2) Financial assets
assigned measured by
fair value and the
0.000.000.000.00
changes be included in
the current gains and
losses
1) Debt instruments
0.000.000.000.00
investment
2) Equity instruments
0.000.000.000.00
investment
2. Investment in other
0.000.000.000.00
debt obligations
3. Other equity
176775824.000.00304043078.00480818902.00
instrument investment
4. Investment
0.000.000.000.00
properties
(1) Land use right for
0.000.000.000.00
rent
(2) Rental buildings 0.00 0.00 0.00 0.00
(3) Land use right held
and prepared to
0.000.000.000.00
transfer after
appreciation
5. Biological assets 0.00 0.00 0.00 0.00
(1) Consumable
0.000.000.000.00
biological assets
(2) Productive living
0.000.000.000.00
assets
Accounts receivable
0.000.00428298548.00428298548.00
financing
Total assets measured
at fair value on a 350983063.00 0.00 11279137806.00 11630120869.00
recurring basis
6. Trading financial
0.000.000.000.00
liabilities
Of which: Tradable
0.000.000.000.00
bond issued
Derivative
0.000.000.000.00
financial liabilities
Others 0.00 0.00 0.00 0.00
7. Refer as financial
liabilities measured by
fair value and the
0.000.000.000.00
changes included in the
current gains and
losses
Total liabilities of
0.000.000.000.00
consistent fair value
240BOE Technology Group Co. Ltd. Interim Report 2024
measurement
II. Inconsistent fair
--------
value measurement
1. Assets held for sale 0.00 0.00 0.00 0.00
Total assets
inconsistently 0.00 0.00 0.00 0.00
measured at fair value
Total liabilities
inconsistently 0.00 0.00 0.00 0.00
measured at fair 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
241BOE Technology Group Co. Ltd. Interim Report 2024
XIV. Related Party and Related-party Transactions
1. Information on the Company as the Parent
Proportion of Proportion of voting
share held by the rights owned by the
Company name Registered place Business nature Registered capital Company as the Company as the
parent against the parent against the
Company (%) Company (%)
Operation and
Area A 6 Sanlitun
management of
Beijing Electronics West Sixth Street RMB313921000
state-owned assets 0.73% 12.37%
Holding Co. Ltd. Chaoyang District 0.00
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
BOE Art Cloud Technology Co. Ltd. An affiliated enterprise of the Group and the Company
Beijing Xindongneng Investment Management Co. Ltd. An affiliated enterprise of the Group and the Company
BOE Digital Technology Co. Ltd. An affiliated enterprise of the Group and the Company
Suzhou Chuangyi Cultural Technology Co. Ltd. An affiliated enterprise of the Group and the Company
TPV Display Technology (China) Co. Ltd. An affiliated enterprise of the Group and the Company
BOE Art Cloud (Hangzhou) Technology Co. Ltd. An affiliated enterprise of the Group and the Company
BOE Art Cloud (Suzhou) Technology Co. Ltd. An affiliated enterprise of the Group and the Company
Beijing Nittan Electronic Co. Ltd. An affiliated enterprise of the Group and the Company
BOE Art Cloud (Yibin) Technology Co. Ltd. An affiliated enterprise of the Group and the Company
BOE Art Cloud (Beijing) Technology Co. Ltd. An affiliated enterprise of the Group and the Company
Beijing Nissin Electronic Precision Components Co. Ltd. An affiliated enterprise of the Group and the Company
Biochain (Beijing) Science-Technology In.c An affiliated enterprise of the Group
Beijing BOE Microbial Technology Co. Ltd. An affiliated enterprise of the Group
VUSIONGROUP S.A. An affiliated enterprise of the Group
Hefei Xin Jing Yuan Electronic Materials Co. Ltd. An affiliated enterprise of the Group
Hefei Jiangcheng Technology Co. Ltd. An affiliated enterprise of the Group
Dongfang Juzhi (Beijing) Technology Innovation Co. Ltd. An affiliated enterprise of the Group
Chongqing Maite Optoelectronics Co. Ltd. An affiliated enterprise of the Group
242BOE Technology Group Co. Ltd. Interim Report 2024
Beijing Borcheng Medical Laboratory Co. Ltd. A subsidiary of the Group’s affiliated enterprise
Changzhou Xiruojia Medical Technology Co. Ltd A subsidiary of the Group’s affiliated enterprise
Beijing Modern Gaoda Biotechnology Co. Ltd A subsidiary of the Group’s affiliated enterprise
Pervasive Displays Inc A subsidiary of the Group’s affiliated enterprise
VUSIONGROUP GMBH A subsidiary of the Group’s affiliated enterprise
PDi Digital GmbH A subsidiary of the Group’s affiliated enterprise
Other notes:
N/A
4. Information on Other Related Parties
Name of other related parties Relationship with the Company
Beijing Electronics Holding Co. Ltd. A controlling shareholder of the Company
Beijing Smart-Aero Display Technology Co. Ltd. An enterprise controlled by the same ultimate holding company
Beijing Zhengdong Electronic Power Group Co. Ltd. An enterprise controlled by the same ultimate holding company
Beijing Electrical Control Jiuyi Industrial Development
An enterprise controlled by the same ultimate holding company
Company
Beijing Electronic Digital Intelligence Technology Co. Ltd. An enterprise controlled by the same ultimate holding company
Beijing C&W Intelligent Equipment Co. Ltd. An enterprise controlled by the same ultimate holding company
Beijing Naura Microelectronics Equipment Co. Ltd. An enterprise controlled by the same ultimate holding company
Beijing Zhaowei Technology Development Co. Ltd. An enterprise controlled by the same ultimate holding company
761 Workshop (Beijing) Technology Development Co. Ltd. An enterprise controlled by the same ultimate holding company
Sevenstar Semiconductor Technologies Co. Ltd. An enterprise controlled by the same ultimate holding company
Beijing Ether Electronics Group Co. Ltd. An enterprise controlled by the same ultimate holding company
Beijing BOE Investment Development Co. Ltd. An enterprise controlled by the same ultimate holding company
Electronic City (Tianjin) Mobile Internet Industry Platform
An enterprise controlled by the same ultimate holding company
Development Co. Ltd.NAURA Technology Group Co. Ltd. An enterprise controlled by the same ultimate holding company
Beijing Yan Dong Microelectronic Technology Co. Ltd. An enterprise controlled by the same ultimate holding company
Beijing Electronic Zone High-tech Group Co. Ltd. An enterprise controlled by the same ultimate holding company
Beijing Dongdian Industrial Development Co. Ltd. An enterprise controlled by the same ultimate holding company
Beijing Electric Control Intelligent Energy Co. Ltd An enterprise controlled by the same ultimate holding company
Beijing Dahua Radio Instrument Co. Ltd An enterprise controlled by the same ultimate holding company
Beijing Zhaowei Electronics (Group) Co. Ltd An enterprise controlled by the same ultimate holding company
Beijing Qixing Huadian Technology Group Co. Ltd. An enterprise controlled by the same ultimate holding company
Convener Technology Limited. An enterprise controlled by the same ultimate holding company
Beijing Peony Electronic Group Co. Ltd. An enterprise controlled by the same ultimate holding company
Beijing Qixing Huachuang Flow Meter Co. Ltd. An enterprise controlled by the same ultimate holding company
Beijing Yiheng Property Management Co. Ltd An enterprise controlled by the same ultimate holding company
Beijing Jinlong Building Co. Ltd An enterprise controlled by the same ultimate holding company
Zhongguancun Electronic City (Kunming) Science and
Technology Industrial Park Development and Construction Co. An enterprise controlled by the same ultimate holding company
Ltd.Beijing Jingdian Import and Export Co. Ltd. An enterprise controlled by the same ultimate holding company
An associate enterprise of the enterprise controlled by the same
New Vision Microelectronics (Hong Kong) Limited
ultimate holding company
An associate enterprise of the enterprise controlled by the same
Shanghai New Vision Microelectronics Co. Ltd.ultimate holding company
Shanghai National Engineering Research Center of Digital TV An associate enterprise of the enterprise controlled by the same
Co. Ltd. ultimate holding company
An enterprise controlled by the same ultimate holding company
Beidian New Energy Technology (Jiangsu) Co. Ltd.for the past 12 months
An enterprise controlled by the same ultimate holding company
Baic Electronics Holding SK (Jiangsu) Technology Co. Ltd.for the past 12 months/Others
243BOE Technology Group Co. Ltd. Interim Report 2024
An enterprise controlled by the same ultimate holding company
Beijing Electronics Holding & SK Technology Co. Ltd.for the past 12 months/Others
Beijing Deheng Law Office Others
China Minsheng Bank Co. Ltd. Others
Other notes:
N/A
5. Transactions with Related Parties
(1) Information on Acquisition of Goods 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 123549110.00 1150000000.00 No 126531434.00
and its auxiliary
enterprises
Beijing Electronics
Holding Co. Ltd Receiving of labor
8483448.00 30000000.00 No 4882973.00
and its auxiliary service
enterprises
Other related
Purchase of goods 457380181.00 1020000000.00 No 419867816.00
parties
Other related Receiving of labor
1065672.00 5000000.00 No 104939.00
parties service
Other related
Interest costs 16286186.00 47500000.00 No 17315453.00
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 176825813.00 273238127.00
enterprises
Beijing Electronics Holding
7704954.00
Co. Ltd and its auxiliary Rendering of labor service 2948091.00
enterprises
Other related parties Sales of goods 1464476829.00 1673991112.00
2831408.00
Other related parties Rendering of labor service 2365367.00
Other related parties Interest income 17497930.00 11933168.00
Notes to acquisition of goods and reception of labor service
N/A
(2) Connected Trusteeship/Contract and Entrust/Contractee
Lists of connected trusteeship/contract of the Company:
244BOE Technology Group Co. Ltd. Interim Report 2024
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:
N/A
Lists of entrust/contractee of the Company:
Unit: RMB
Income
Name of the Name of the
Type Start date Due date Pricing basis recognised in the
entruster/contractee entrustee/contractor
Reporting 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 1826277.00 1682277.00
enterprises
Other related parties Investment properties 5033611.00 971113.00
The Company served as the lessee:
Unit: RMB
Variable lease
Rental expenses of short-
payments not included
term lease simplified Income expense of lease Increased right-of-use
in the measurement of Paid rent
Type of treated and low-value liabilities undertaken assets
Name of lease liabilities (if
assets asset lease (if applicable)
lessor applicable)
leased
Same Same Same Same
Reporting Reporting Reporting Same period Reporting Reporting
period of period of period of period of
Period Period Period of last year Period Period
last year last year last year last year
Beijing
Electronics
Holding
Fixed
Co. Ltd 0.00 0.00 0.00 0.00 1400965.57 1526423.00 9049.43 79763.00 0.00 0.00
assets
and its
auxiliary
enterprises
Other Fixed
176015.00143991.000.000.000.000.000.000.000.000.00
related assets
245BOE Technology Group Co. Ltd. Interim Report 2024
parties
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 Nature of transaction Reporting Period Same period of last year
N/A
(7) Information on Remuneration for Key Management Personnel
Unit: RMB
Item Reporting Period Same period of last year
Remuneration for key management
13303080.0038920597.00
personnel
(8) Other Connected Transactions
N/A
246BOE Technology Group Co. Ltd. Interim Report 2024
6. Receivables from and Payables to Related Parties
(1) Accounts Receivable
Unit: RMB
Ending balance Beginning balance
Name of related
Item
party Provision for Provision for Carrying amount Carrying amount
impairment impairment
Beijing Electronics
Accounts Holding Co. Ltd
105243438.001198.00128879483.001198.00
receivable and its auxiliary
enterprises
Beijing Electronics
Holding Co. Ltd
Contract assets 2049763.00 0.00 80088.00 0.00
and its auxiliary
enterprises
Beijing Electronics
Holding Co. Ltd
Other receivables 581260.00 0.00 577297.00 0.00
and its auxiliary
enterprises
Beijing Electronics
Holding Co. Ltd
Prepayments 8882.00 0.00 3566912.00 0.00
and its auxiliary
enterprises
Beijing Electronics
Other non-current Holding Co. Ltd
102685032.000.0016934571.000.00
assets and its auxiliary
enterprises
Other related
Cash at bank 1022865222.00 0.00 1147791923.00 0.00
parties
Accounts Other related
834668372.004890798.00719876106.004882516.00
receivable parties
Other related
Contract assets 3953685.00 0.00 6897702.00 0.00
parties
Other related
Other receivables 143010.00 0.00 210222.00 0.00
parties
Other related
Prepayments 6388574.00 0.00 6487851.00 0.00
parties
(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 60588041.00 47758870.00
enterprises
Beijing Electronics Holding
Other payables Co. Ltd and its auxiliary 135439502.00 200799254.00
enterprises
Beijing Electronics Holding
Advance payments received Co. Ltd and its auxiliary 0.00 1951.00
enterprises
Beijing Electronics Holding
Contract liabilities 2931969.00 5744511.00
Co. Ltd and its auxiliary
247BOE Technology Group Co. Ltd. Interim Report 2024
enterprises
Non-current Liabilities Due
Other related parties 68000000.00 6000000.00
within One Year
Long-term loans Other related parties 1042750000.00 1107750000.00
Accounts payable Other related parties 108557944.00 66524069.00
Other payables Other related parties 26267722.00 1571911.00
Advance payments received Other related parties 16293.00 101782.00
Contract liabilities Other related parties 20687945.00 18324310.00
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 RMB192572743.65 as compared with RMB57524635.00 in the
previous period.XV. Share-based Payment
1. Overview of Share-based Payments
□Applicable □ Not applicable
Unit: RMB
Awarded in the current Option exercise in the
Type of Unlocked in the current period Lapsed in the current period period current period
grantees
Quantity Amount Quantity Amount Quantity Amount Quantity Amount
Senior
managers
appointed
0.000.000.000.003944160.0010570349.000.000.00
by the
Board of
Directors
Technical
experts
middle-
0.000.000.000.0091915315.00246333044.002547779.006828048.00
level
managers
and above
Manager
and senior
0.000.000.000.000.000.0013046350.0024769596.00
technical
cadre
Total 0.00 0.00 0.00 0.00 95859475.00 256903393.00 15594129.00 31597644.00
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
Manager and senior
RMB5.059-5.559/share 1-2.5 years N/A N/A
technical cadre
Other notes:
248BOE Technology Group Co. Ltd. Interim Report 2024
The general meeting of shareholders of the Company approved the implementation of the share options and restricted share incentive
plans on 17 November 2020. The shares for the share options and restricted share incentive plans are from the Company’s Renminbi
A-share ordinary shares repurchased from secondary market.The grant plans for the share options and restricted share incentive plans are presented as follows:
(1) Share option incentive plan
The grant plan of share option incentive plan is divided into initial grant and reserved grant. Specifically the first grant was granted on
21 December 2020 and was completed on 25 December 2020. 1988 people were actually granted with a total of 596229700 shares
granted; the reserved grant was completed on 22 October 2021 with 110 people granted actually and 33000000 shares granted.After 24 months from the grant date share options were exercised in three phases with exercise ratios of 34% 33% and 33% for each
phase. The corresponding exercise dates were two years three years and four years from the grant date.The Group determined the fair value of equity instruments on the grant date based on the difference between the assessed fair value
and subscription price of share options that can be exercised in each period (initial grants were RMB1.68/share RMB1.93/share and
RMB2.09/share with reserved grants of RMB1.70/share RMB2.02/share and RMB2.17/share respectively).When the performance of the Company meets the corresponding conditions the exercise ratio of the above-mentioned share options
shall be determined based on the operating performance of the incentive object’s unit and the value contribution of the incentive object.If the exercise conditions stipulated in this plan are not met the Company shall cancel the current exercisable shares of the options
obtained by the incentive objects in accordance with this plan.
(2) Restricted share incentive plan
The grant date of the restricted share incentive plan was 21 December 2020 and it was completed on 29 December 2020. The actual
number of grants was 793 with 321813800 shares granted.Restricted shares had lock up periods of 24 months 36 months and 48 months from the grant date. During the restricted period the
restricted shares granted to the incentive objects under this plan shall not be transferred used as collaterals or used to repay debts
before the restriction is lifted; after 24 months from the grant date the unlocking will be divided into three periods with unlocking
proportions of 34% 33% and 33% for each period. The corresponding unlocking dates were two years three years and four years
from the grant date. The actual unlocking quantity shall be linked to the performance assessment results of the previous year.The Group determined the fair value of equity instruments on the grant date based on the difference between the fair value of the shares
on the grant date and the subscription price of RMB2.68 per share.When the performance of the Company meets the corresponding conditions the unlocking ratio of the above-mentioned restricted
shares for the current period will be determined based on the operating performance of the incentive object’s unit and the value
contribution of the incentive recipient.The lifting of the restriction conditions in the first lifting restriction period for restricted shares granted by the 2020 Share Option and
Restricted Share Incentive Plan of the Company has been achieved. The first exercise period of the share option granted for the first
time has met the exercise conditions. According to the authorisation of the second extraordinary general meeting of shareholders in
2020 the Board of Directors shall handle all necessary matters for the lifting of restrictions or exercise of rights on eligible incentive
objects. The total number of incentive objects whose restrictions were lifted was 746. Statistically 102260780 restricted shares were
lifted out of restrictions accounting for 0.27% of the current total share capital of the Company. There was a total of 1820 incentive
objects who met the conditions for option exercise this time and the number of feasible share options was183779741 accounting for
0.48% of the Company’s total share capital.
The first exercise period reserved for granting share options in the Company’s 2020 Share Option Incentive Plan has met the exercise
conditions. According to the authorisation of the second extraordinary general meeting of shareholders in 2020 the Board of Directors
shall handle all necessary matters for the lifting of restrictions or exercise of rights on eligible incentive objects. There was a total of
93 incentive objects who met the conditions for option exercise this time and the number of feasible share options was 9468320
accounting for 0.03% of the Company’s total share capital.
249BOE Technology Group Co. Ltd. Interim Report 2024
According to the authorization of the second extraordinary general meeting of shareholders in 2020 the board of directors handled the
lifting of the restriction in accordance with the relevant regulations for the incentive objects that meet the restrictions on sales. A total
of 716 incentive recipients were lifted this time and the number of restricted shares released from the restriction was 95859475 shares
accounting for 0.2546% of the company's current total share capital.If the unlocking conditions stipulated in the plan were not met the restricted shares of incentive objects shall not be unlocked for the
current period and shall be repurchased by the Company in accordance with the grant price for the incentive objects.
2. Equity-settled share-based payments
□Applicable □ Not applicable
Unit: RMB
Share options: The Group determined the fair value of equity
instruments at the grant date based on the difference between
the assessed fair value of the exercisable share options at grant
Methods for determining the fair value of equity instruments on date and the subscription price in RMB.the grant date Restricted shares: The Group determined the fair value of
equity instruments at the grant date based on the difference
between the fair value of shares at the grant date and the
subscription price.Share options: RMB1.68/share RMB1.93/share and
RMB2.09/share for the first batch and RMB1.70/share
RMB2.02/share and RMB2.17/share for the second batch
Important parameters for the fair value of equity instruments at respectively.the grant date Restricted shares: The Group determined the fair value of
equity instruments at the grant date based on the difference
between the fair value of the shares at the grant date and the
subscription price of RMB2.68 per share.At each balance sheet date during the vesting period the best
estimation is made according to the latest information such as
the number of employees who are granted options and the
Basis of determining the number of equity instruments
completion of performance indicators and the number of
expected to vest
equity instruments expected to vest is revised accordingly. On
the vesting date the estimated number is equal to the number
of equity instruments that are ultimately vested.Reasons for the significant discrepancy between the current
N/A
period estimates and the previous estimates
Accumulated amount of equity-settled share-based payment
1658376027.00
included in capital reserves
The total amount of the expense of equity-settled share-based
80951649.00
payment recognised in the current period
Other notes:
N/A
XVI. Commitments and Contingency
1. Significant Commitments
Significant commitments on the balance sheet date
250BOE Technology Group Co. Ltd. Interim Report 2024
Unit: RMB
The Group 30 June 2024 31 December 2023
Investment contracts entered into but
23104998917.00 15399501743.00 not performed or partially performed
Investment contracts authorized but
107661458033.00 123338068701.00 not entered into
Total 130766456950.00 138737570444.00
Unit: RMB
The Company 30 June 2024 31 December 2023
Investment contracts entered into but
40011474446.0042398401670.00
not performed or partially performed
Investment contracts authorized but
0.000.00
not entered into
Total 40011474446.00 42398401670.00
XVII. 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 Processing 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
251BOE Technology Group Co. Ltd. Interim Report 2024
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
(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
1) 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 Microdisplay and other technologies focusing on providing
customers with high-quality display devices for smartphones TPC laptops monitors TVs vehicle-mounted electronic shelf label
(ESL) industrial control household medical applications applications on wearable devices whiteboards tiled display screens
commercial devices VR/AR display devices etc.
2) Internet of Things (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 TPC low-power
devices IoT 3D display etc. Backed by AI and big data technologies it focuses on products and services combining hardware and
software providing integrated IoT solutions for segments including smart industrial parks smart finance smart government affairs and
transportation visual arts smart energy all-in-one machines etc.
3) Sensor business—The sensing business designs and integrates manufacturing models for system solutions covering both glass-
based and silicon-based areas. It focuses on intelligent windows innovative glass-based sensor devices MEMS sensors industrial
sensors and consumer electronics and provides customers with products and solutions including intelligent dimming windows and
dimming system solutions industrial sensors and solutions MEMS sensors and the back panels of X-ray FPXDs.
4) MLED business—The MLED business designs and integrates manufacturing models for devices. It provides high-quality LED
backlight products with high reliability for display products in the fields of TVs monitors laptops automobiles and VR/AR.Meanwhile it provides Mini/Micro LED display products featuring high brightness high reliability and high contrast to application
segments such as outdoor commercial transparent and special display.
252BOE Technology Group Co. Ltd. Interim Report 2024
5) The Smart Engineering Medicine business—the Smart Engineering Medicine business provides services and solutions for healthcare
intelligent recreation and medical engineering integration products. At the same time it creates a full-cycle closed loop of health
services that centres on health management is driven by medical engineering terminals and supported by digital hospitals and
healthcare communities and establishes an ecosystem of smart health management. Moreover it connects testing equipment medical
personnel and customers and provide customers with full-chain professional health services covering "prevention diagnosis and
treatment and healthcare".
6) Others—Other services except for the above business provide hardware and software integrated system solutions for different
industries including Internet of Vehicles industrial IoT digital art and other fields which can provide customers with all-dimensional
one-stop and smart new experience under IoT scenarios.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.
253BOE Technology Group Co. Ltd. Interim Report 2024
(2) The Financial Information of Reportable Segment
Unit: RMB
Smart medicine Other business
IoT innovation Sensor and Offset among
Item Display devices MLED business and engineering and offset among Total
business solution business segments
business segments
Operating
78013141508.0017155911452.00163437762.004033466005.00903706724.00-6883421819.000.0093386241632.00
revenue
Operating costs 67160068734.00 15276765666.00 128092435.00 3864203658.00 904449563.00 -8884532580.00 0.00 78449047476.00
XVIII. Notes of Main Items in the Financial Statements of the Company as the Parent
1. Accounts Receivable
(1) Disclosure by Aging
Unit: RMB
Ageing Ending carrying balance Beginning carrying balance
Within one year (including one year) 2931734194.00 3662390168.00
One to two years 87526137.00 869370034.00
Two to three years 3281792.00 37761471.00
Over three years 343464981.00 308455842.00
Three to four years 134872508.00 302139401.00
Four to five years 202087995.00 5092457.00
Over five years 6504478.00 1223984.00
Total 3366007104.00 4877977515.00
(2) Disclosure by Withdrawal Methods for Bad Debts
Unit: RMB
Category Ending balance Beginning balance
254BOE Technology Group Co. Ltd. Interim Report 2024
Carrying amount Provision for impairment Carrying amount Provision for impairment
Withdrawal Carrying value Withdrawal Carrying value
Amount Proportion Amount Amount Proportion Amount
proportion proportion
Accounts
receivable for
which bad
debt 3365768098.00 99.99% 7564419.00 0.22% 3358203679.00 4877558682.00 99.99% 7564419.00 0.16% 4869994263.00
provision
accrued
separately
Of which:
Customers
with a high 7564419.00 0.22% 7564419.00 100.00% 0.00 7564419.00 0.16% 7564419.00 100.00% 0.00
credit risk
Customers
with a low 3358203679.00 99.77% 0.00 0.00% 3358203679.00 4869994263.00 99.84% 0.00 0.00% 4869994263.00
credit risk
Accounts
receivable
withdrawal of
239006.000.01%0.000.00%239006.00418833.000.01%0.000.00%418833.00
bad debt
provision by
portfolio
Of which:
Customers
with a
239006.000.01%0.000.00%239006.00418833.000.01%0.000.00%418833.00
moderate
credit risk
Total 3366007104.00 100.00% 7564419.00 0.22% 3358442685.00 4877977515.00 100.00% 7564419.00 0.16% 4870413096.00
255BOE Technology Group Co. Ltd. Interim Report 2024
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 high 7564419.00 7564419.00 7564419.00 7564419.00 100.00% N/A
credit risk
Customers
with a low 4869994263.00 0.00 3358203679.00 0.00 0.00% N/A
credit risk
Total 4877558682.00 7564419.00 3365768098.00 7564419.00
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
239006.000.000.00%
credit risk
Total 239006.00 0.00
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
256BOE Technology Group Co. Ltd. Interim Report 2024
(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 Ending balance balance Withdrawal Write-off Others
recovery
Customers with
a high credit 7564419.00 0.00 0.00 0.00 0.00 7564419.00
risk
Total 7564419.00 0.00 0.00 0.00 0.00 7564419.00
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
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
Ending balance of bad debt provision
Ending balance of ending balance of
Ending balance of accounts of accounts
Subsidiary accounts accounts
contract assets receivable and receivable and
receivable receivable and
contract assets impairment
contract assets
provision for
257BOE Technology Group Co. Ltd. Interim Report 2024
contract assets
Customer 1 1303003105.00 0.00 1303003105.00 38.71% 0.00
Customer 2 517678449.00 0.00 517678449.00 15.38% 0.00
Customer 3 413794906.00 0.00 413794906.00 12.29% 0.00
Customer 4 354010113.00 0.00 354010113.00 10.52% 0.00
Customer 5 351330516.00 0.00 351330516.00 10.44% 0.00
Total 2939817089.00 0.00 2939817089.00 87.34% 0.00
2. Other Receivables
Unit: RMB
Item Ending balance Beginning balance
Interest receivable 0.00 0.00
Dividends receivable 1170485442.00 1189273456.00
Other receivables 27453355522.00 27192355082.00
Total 28623840964.00 28381628538.00
(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
258BOE Technology Group Co. Ltd. Interim Report 2024
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) Interest Receivable with Actual Verification during the Reporting 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
Other notes:
N/A
(2) Dividends Receivable
1) Category of Dividends Receivable
Unit: RMB
Item (or investee) Ending balance Beginning balance
Hefei BOE Optoelectronics Technology
300000000.000.00
Co. Ltd.Beijing BOE Matsushita Color CRT Co.
468758202.00468758202.00
Ltd.Hefei Xinsheng Optoelectronics
349910256.000.00
Technology Co. Ltd.
259BOE Technology Group Co. Ltd. Interim Report 2024
Chongqing BOE Optoelectronics
0.00135000000.00
Technology Co. Ltd.Beijing BOE Land Co. Ltd. 0.00 40147354.00
BOE Optoelectronics Holdings Co. Ltd 0.00 545367900.00
Honor Device Co. Ltd. 51816984.00 0.00
Total 1170485442.00 1189273456.00
2) Significant Dividend Receivable Aging Over One Year
Unit: RMB
Whether occurred
Item (or investee) Ending balance Ageing 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 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) 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
260BOE Technology Group Co. Ltd. Interim Report 2024
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 27230757608.00 26989987234.00
Others 238735833.00 218505767.00
Total 27469493441.00 27208493001.00
261BOE Technology Group Co. Ltd. Interim Report 2024
2) Disclosure by Aging
Unit: RMB
Ageing Ending carrying balance Beginning carrying balance
Within one year (including one year) 27149804629.00 26906173796.00
One to two years 66173973.00 136005824.00
2Two to three years 125343584.00 68122231.00
Over three years 128171255.00 98191150.00
Three to four years 60137045.00 25001589.00
Four to five years 14013631.00 45646027.00
Over five years 54020579.00 27543534.00
Total 27469493441.00 27208493001.00
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
27469493441.00100.00%16137919.000.06%27453355522.0027208493001.00100.00%16137919.000.06%27192355082.00
separately
accrued
Of
which:
Funds with
high credit 16137919.00 0.06% 16137919.00 100.00% 0.00 16137919.00 0.06% 16137919.00 100.00% 0.00
risk
Funds with
low credit 27453355522.00 99.94% 0.00 0.00% 27453355522.00 27192355082.00 99.94% 0.00 0.00% 27192355082.00
risk
262BOE Technology Group Co. Ltd. Interim Report 2024
Withdrawal
of bad debt
0.000.00%0.000.00%0.000.000.00%0.000.00%0.00
provision
by group
Of
which:
Funds with
moderate 0.00 0.00% 0.00 0.00% 0.00 0.00 0.00% 0.00 0.00% 0.00
credit risk
Total 27469493441.00 100.00% 16137919.00 0.06% 27453355522.00 27208493001.00 100.00% 16137919.00 0.06% 27192355082.00
Category name of bad debt provision accrued separately: Funds with high credit risk and Funds with low credit risk
Unit: RMB
Beginning balance Ending balance
Name Provision for Provision for
Carrying amount Carrying amount Withdrawal proportion Reason for withdrawal
impairment impairment
Funds with high credit
16137919.00 16137919.00 16137919.00 16137919.00 100.00% N/A
risk
Funds with low credit
27192355082.00 0.00 27453355522.00 0.00 0.00% N/A
risk
Total 27208493001.00 16137919.00 27469493441.00 16137919.00
263BOE Technology Group Co. Ltd. Interim Report 2024
Withdrawal of bad debt provision by adopting the general mode of expected credit loss:
Unit: RMB
Phase I Phase II Phase III
Provision for Expected credit losses Expected credit losses
impairment Expected credit loss in for the whole existence for the whole existence
Total
the next 12 months period (no credit period (with credit
impairment) impairment)
Balance of 1 January
0.000.0016137919.0016137919.00
2024
Balance of 1 January
2024 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
0.000.000.000.00
current period
Reversal of the current
0.000.000.000.00
period
Amount charged-off
0.000.000.000.00
for the current period
Amount written-off for
0.000.000.000.00
the current period
Other changes 0.00 0.00 0.00 0.00
Balance of 30 June
0.000.0016137919.0016137919.00
2024
The basis for the division of each phase and the withdrawal proportion of bad debt provision
Item Phase I Phase II Phase III
Phase Credit risk has not increased Credit risk has increased significantly Credit impairment has occurred
characteristics significantly since initial since initial recognition but credit after initial recognition
recognition impairment has not yet occurred
Loss provisions Expected credit loss in the Expected credit loss for the whole Expected credit loss for the whole
next 12 months existence period existence period
Changes of carrying amount with significant amount changed of loss provision in the current period
□Applicable □Not applicable
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 Reversal or Charged- Ending balance balance Withdrawal Others
recovery off/Written-off
Funds with
16137919.000.000.000.000.0016137919.00
high credit risk
Total 16137919.00 0.00 0.00 0.00 0.00 16137919.00
264BOE Technology Group Co. Ltd. Interim Report 2024
N/A
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 Ageing
other receivables bad debt provision
(%)
Within one year
(including one
Transaction year) two to three
Customer 1 7448663849.00 27.12% 0.00
amount years three to four
years and four to
five years
Within one year
(including one
Transaction year) two to three
Customer 2 6273089242.00 22.84% 0.00
amount years three to four
years and four to
five years
Within one year
Transaction
Customer 3 3634079925.00 (including one 13.23% 0.00
amount
year)
265BOE Technology Group Co. Ltd. Interim Report 2024
Within one year
Transaction (including one
Customer 4 2780328075.00 10.12% 0.00
amount year) and four to
five years
Within one year
(including one
Transaction
Customer 5 2629462810.00 year) three to four 9.57% 0.00
amount
years and over
five years
Total 22765623901.00 82.88% 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
266BOE Technology Group Co. Ltd. Interim Report 2024
3. Long-term Equity Investment
Unit: RMB
Ending balance Beginning balance
Item
Carrying amount Impairment provision Carrying value Carrying amount Impairment provision Carrying value
Investment to
191723575723.0032000000.00191691575723.00187984376186.0032000000.00187952376186.00
subsidiaries
Investment to joint
ventures and associated 2609919740.00 0.00 2609919740.00 3156825405.00 0.00 3156825405.00
enterprises
Total 194333495463.00 32000000.00 194301495463.00 191141201591.00 32000000.00 191109201591.00
(1) Investment to Subsidiaries
Unit: RMB
Beginning Increase/decrease
Ending balance
Beginning balance balance of Ending balance
Investee Withdrawal of Additional Reduced of dimpairment (carrying value) impairment impairment Others (carrying value)
provision investment investment
provision
provision
Chengdu BOE
Optoelectronics
25132862300.000.000.000.000.005989243.0025138851543.000.00
Technology Co.Ltd.Hefei BOE
Optoelectronics
2774220036.000.000.000.000.003231642.002777451678.000.00
Technology Co.Ltd.Beijing BOE
Display
Technology Co. 9023454530.00 0.00 0.00 0.00 0.00 15403776.00 9038858306.00 0.00
Ltd. (Beijing
BOE Display)
Hefei Xinsheng
10424839990.000.000.000.000.003874110.0010428714100.000.00
Optoelectronics
267BOE Technology Group Co. Ltd. Interim Report 2024
Technology Co.Ltd.Ordos Yuansheng
Optoelectronics 11816424205.00 0.00 0.00 0.00 0.00 395706.00 11816819911.00 0.00
Co. Ltd.Chongqing BOE
Optoelectronics
4225776398.000.000.000.000.001649148.004227425546.000.00
Technology Co.Ltd.Hefei BOE
Display
Technology Co. 8979853583.00 0.00 0.00 0.00 0.00 2329590.00 8982183173.00 0.00
Ltd. (Hefei BOE
Display)
Fuzhou BOE
Optoelectronics
15243649837.000.000.000.000.001211058.0015244860895.000.00
Technology Co.Ltd.Mianyang BOE
Optoelectronics
22347538961.000.000.000.000.001356702.0022348895663.000.00
Technology Co.Ltd.Chongqing BOE
Display
10017479885.000.001299961000.000.000.001055568.0011318496453.000.00
Technology Co.Ltd.Fuzhou BOE
Display
23060520.000.000.000.000.000.0023060520.000.00
Technology Co.Ltd.Chengdu BOE
Display
399988000.000.00999970000.000.000.000.001399958000.000.00
Technology Co.Ltd.Wuhan BOE
Optoelectronics
12530838461.000.000.000.000.001232136.0012532070597.000.00
Technology Co.Ltd.Nanjing BOE 5602671987.00 0.00 0.00 0.00 0.00 1176300.00 5603848287.00 0.00
268BOE Technology Group Co. Ltd. Interim Report 2024
Display
Technology Co.Ltd.Chengdu BOE
Display
7561638738.000.000.000.000.001041576.007562680314.000.00
Technology Co.Ltd.Beijing BOE
Chuangyuan
2249653000.000.00347000.000.000.001147704.002251147704.000.00
Technology Co.Ltd.Yunnan
Chuangshijie
Optoelectronics 1521548388.00 0.00 0.00 0.00 0.00 579324.00 1522127712.00 0.00
Technology Co.Ltd.Hefei BOE
Zhuoyin
605598776.000.000.000.000.00335520.00605934296.000.00
Technology Co.Ltd.Mianyang BOE
Electronics
680000000.000.00220000000.000.000.000.00900000000.000.00
Technology Co.Ltd.BOE (Hebei)
MOBILE Display
1356796294.000.000.000.000.000.001356796294.000.00
Technology Co.Ltd.BOE Hyundai
LCD (Beijing)
Display 43836688.00 0.00 0.00 0.00 0.00 45306.00 43881994.00 0.00
Technology Co.Ltd.Beijing BOE
Vision Electronic
4447858263.000.00510000000.000.000.000.004957858263.000.00
Technology Co.Ltd.BOE Optical
669553238.000.000.000.000.00538542.00670091780.000.00
Science and
269BOE Technology Group Co. Ltd. Interim Report 2024
Technology Co.Ltd.Hefei BOE
Xingyu
506907751.000.000.000.000.00122958.00507030709.000.00
Technology Co.Ltd.BOE Jingxin
Technology Co. 1464806545.00 0.00 30000000.00 0.00 0.00 2289588.00 1497096133.00 0.00
Ltd.HC Semitek Co.
2083597236.000.000.000.000.000.002083597236.000.00
Ltd.Beijing BOE
Sensor
4537093774.000.0050000000.000.000.001487094.004588580868.000.00
Technology Co.Ltd.Beijing Shiyan
Technology Co. 167200000.00 0.00 0.00 0.00 0.00 849762.00 168049762.00 0.00
Ltd.BOE Smart
Technology Co. 2722000000.00 0.00 144444400.00 0.00 0.00 0.00 2866444400.00 0.00
Ltd.BOE Health
Investment
9422994176.000.00348000000.000.000.00419760.009771413936.000.00
Management Co.Ltd.Beijing BOE
Energy
858249916.000.000.000.000.00417834.00858667750.000.00
Technology Co.Ltd.BOE Innovation
Investment Co. 3677760342.00 0.00 99000000.00 0.00 0.00 328560.00 3777088902.00 0.00
Ltd.Beijing BOE
Matsushita Color 6146008.00 0.00 0.00 0.00 0.00 325620.00 6471628.00 0.00
CRT Co. Ltd.Beijing Yinghe
358184475.000.000.000.000.001331418.00359515893.000.00
Century Co. Ltd.Beijing BOE
10000162.000.000.000.000.00118404.0010118566.000.00
Land Co. Ltd.
270BOE Technology Group Co. Ltd. Interim Report 2024
Beijing BOE
Vacuum
0.0032000000.000.000.000.000.000.0032000000.00
Technology Co.Ltd
Beijing BOE
Vacuum
20126113.000.000.000.000.0042600.0020168713.000.00
Electrical Co.Ltd
BOE Semi-
conductor Co. 9450000.00 0.00 0.00 0.00 0.00 0.00 9450000.00 0.00
Ltd.Beijing BOE
Marketing Co. 31885370.00 0.00 0.00 0.00 0.00 127140.00 32012510.00 0.00
Ltd.BOE (KOREA)
8993260.000.000.000.000.00428436.009421696.000.00
Co. Ltd.BOE
Optoelectronics 3487684762.00 0.00 0.00 0.00 0.00 0.00 3487684762.00 0.00
Holdings Co. Ltd
Beijing BOE
Multimedia
400000000.000.000.000.000.000.00400000000.000.00
Technology Co.Ltd.BOE
Environmental
and Energy 51886158.00 0.00 0.00 0.00 0.00 151272.00 52037430.00 0.00
Technology Co.Ltd.Beijing
Zhongxiangying
102490962.000.000.000.000.00124812.00102615774.000.00
Technology Co.Ltd.Beijing BOE Life
Technology Co. 10000000.00 0.00 0.00 0.00 0.00 0.00 10000000.00 0.00
Ltd.Beijing BOE
Technology
2955574.000.000.000.000.00100308.003055882.000.00
Development
Co. Ltd.
271BOE Technology Group Co. Ltd. Interim Report 2024
BOE Education
Technology Co. 29259274.00 0.00 0.00 -25000000.00 0.00 -4259274.00 0.00 0.00
Ltd.Dongfang
Chengqi (Beijing)
Business 15927168.00 0.00 0.00 0.00 0.00 486000.00 16413168.00 0.00
Technology Co.Ltd.Others* 287635082.00 0.00 0.00 0.00 0.00 14991894.00 302626976.00 0.00
Total 187952376186.00 32000000.00 3701722400.00 -25000000.00 0.00 62477137.00 191691575723.00 32000000.00
(2) Investment to Joint Ventures and Associated Enterprises
Unit: RMB
Begin Increase/decrease Endin
ning g
balanc balanc
Beginning Profit and loss Withdraw
e of Adjustment of Declared Reduced on investments Other al of Ending balance e of Investee balance (carrying
impair Additional other distribution of
value) investm confirmed equity impairme Others
(carrying value) dimpa
ment investment comprehensive cash dividends ent according to movements nt irment
provis income or profits equity law provision provis
ion ion
I. Joint Ventures
N/A
II. Associated Enterprises
Beijing Nissin
Electronic
Precision 3221178.00 0.00 0.00 0.00 569550.00 0.00 0.00 0.00 0.00 0.00 3790728.00 0.00
Components
Co. Ltd.Beijing Nittan
Electronic 74829491.00 0.00 0.00 0.00 -630944.00 0.00 0.00 0.00 0.00 0.00 74198547.00 0.00
Co. Ltd.Erdos BOE
Energy
135928979.000.000.000.00-139762.000.00170648.000.000.000.00135959865.000.00
Investment
Co. Ltd.
272BOE Technology Group Co. Ltd. Interim Report 2024
TPV Display
Technology
32051628.000.000.000.00617050.000.000.000.000.000.0032668678.000.00
(China) Co.
Ltd.Beijing
Xindongneng
Investment 1864768203.00 0.00 0.00 0.00 -241520924.00 -23632920.00 0.00 -328908672.00 0.00 0.00 1270705687.00 0.00
Fund (Limited
Partnership)
Beijing
Xindongneng
Investment 16217385.00 0.00 0.00 0.00 3077385.00 0.00 0.00 0.00 0.00 0.00 19294770.00 0.00
Management
Co. Ltd.Beijing
Xloong
20502397.000.000.000.00-457971.000.000.000.000.000.0020044426.000.00
Technologies
Co. Ltd.Beijing
Chuangxin
Industrial 236170218.00 0.00 0.00 0.00 14976232.00 0.00 0.00 0.00 0.00 0.00 251146450.00 0.00
Investment
Co. Ltd.BEHC
Industrial
385752159.000.0027901400.000.00253406.00-7197883.000.000.000.000.00406709082.000.00
Investment
Co. Ltd.BOE Art
Cloud
361025063.000.000.000.002574417.000.000.000.000.000.00363599480.000.00
Technology
Co. Ltd.Guoke BOE
(Shanghai)
Equity
3519212.000.000.000.00634771.000.000.000.000.000.004153983.000.00
Investment
Management
Co. Ltd.Beijing
3347805.000.000.000.00-164969.000.000.000.000.000.003182836.000.00
Digital TV
273BOE Technology Group Co. Ltd. Interim Report 2024
National
Engineering
Laboratory
Co. Ltd.Beijing
Electronic
Digital
19491687.000.009450000.000.00-4476479.000.000.000.000.000.0024465208.000.00
Intelligence
Technology
Co. Ltd.Sub-total 3156825405.00 0.00 37351400.00 0.00 -224688238.00 -30830803.00 170648.00 -328908672.00 0.00 0.00 2609919740.00 0.00
Total 3156825405.00 0.00 37351400.00 0.00 -224688238.00 -30830803.00 170648.00 -328908672.00 0.00 0.00 2609919740.00 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
274BOE Technology Group Co. Ltd. Interim Report 2024
(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 1873740107.00 4858228.00 1659293001.00 4572011.00
Other operating
3023314.0031184.007058286.0086600.00
activities
Total 1876763421.00 4889412.00 1666351287.00 4658611.00
Breakdown information of operating revenue and cost of sales:
Unit: RMB
By operating segment Reporting Period Same period of last year
Mainland China 1876179096.00 1660814367.00
Other regions in Asia 584325.00 5536920.00
Total 1876763421.00 1666351287.00
Information related to performance obligations:
Funds Type of quality
Nature of goods
Timing of Whether or not undertaken by assurance
that the
fulfilment 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:
Generally the Group assumes the performance obligations of merchandise sales and services for customers. For merchandise sales if
terms of sales returns are offered the limit of income recognition is that cumulated recognised income most likely will not have
significant returns. In terms of performance obligations to be performed within a certain period of time income is recognised according
to the performance progress. Quality assurance provided by customers generally is guaranteed quality assurance. Such guaranteed
quality assurance will not be regarded as a single performance obligation.Information related to transaction value assigned to residual performance obligations:
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:
275BOE Technology Group Co. Ltd. Interim Report 2024
N/A
5. Investment Income
Unit: RMB
Item Reporting Period Same period of last year
Income from long-term equity
investments accounted for using cost 1040756757.00 699897436.00
method
Income from long-term equity
investments accounted for using equity -224688237.00 588103242.00
method
Investment income from disposal of
-6486678.001581850.00
long-term equity investments
Investment income arising from holding
51816984.003990185.00
of trading financial assets
Investment income from disposal of
0.000.00
financial assets held for trading
Dividend income received from holding
0.00728606.00
of other equity instrument investment
Gain from remeasurement of remaining
equity interests to fair value upon the 0.00 0.00
loss of control
Interest income of investment in debt
0.000.00
obligations during holding period
Interest income of investment in other
0.000.00
debt obligations during holding period
Investment income from disposal of
0.000.00
investment in other debt obligations
Others 0.00 0.00
Total 861398826.00 1294301319.00
XIX. 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-
38121550.00 N/A
current assets
Government grants recognized in the
current period (except for government
grants closely related to the Company’s
normal operating business in compliance
767564807.00 N/A
with national policies and in accordance
with defined criteria and having a
continuous impact on the Company’s
profit or loss)
276BOE Technology Group Co. Ltd. Interim Report 2024
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
-33613871.00 N/A
from the disposal 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 0.00 N/A
into current profit or loss
Gain or loss on assets entrusted to other
0.00 N/A
entities for investment or management
Gain or loss on loan entrustments 0.00 N/A
Asset losses due to acts of God such as
0.00 N/A
natural disasters
Reversed portions of impairment
allowances for accounts receivable
3096389.00 N/A
which are tested 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 0.00 N/A
enjoyable fair 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 0.00 N/A
from a business combination under
common control
Gain or loss on non-monetary asset
0.00 N/A
swaps
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
0.00 N/A
accounting and other laws and
regulations
One-time share-based payment expense
recognised for cancellation and 0.00 N/A
modification of equity incentive plans
For cash-settled share-based payments
gain or loss arising from changes in the
fair value of employee compensation 0.00 N/A
payable after the date of exercise of
options
Gain or loss on fair-value changes in
0.00 N/A
investment property of which subsequent
277BOE Technology Group Co. Ltd. Interim Report 2024
measurement is carried out using the fair
value method
Income from transaction at obviously
0.00 N/A
unfair trade prices
Gain or loss on contingencies that do not
arise in the Company’s ordinary course 0.00 N/A
of business
Custodian fees earned from entrusted
0.00 N/A
operation
Other non-operating income and
69490439.00 N/A
expenses besides items above
Other items qualified as extraordinary
0.00 N/A
gain and loss
Less: Income tax effects 4204537.00 N/A
Non-controlling interests effects
169806804.00 N/A
(after tax)
Total 670647973.00 --
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
EPS (Yuan/share)
Weighted average return on
Profit as of Reporting Period
net assets Basic earnings per share Diluted earnings per share
(RMB/share) (RMB/share)
Net profit attributable to the
Company’s ordinary equity 1.75% 0.06 0.06
shareholders
Net profit excluding
extraordinary gain and loss
1.22%0.040.04
attributable to the Company’s
ordinary equity shareholders
278
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