京东方Ｂ：2022年第一季度报告（英文版）.PDF

FIRST QUARTERLY REPORT 2022 April 2022 BOE Technology Group Co., Ltd. First Quarterly Report 2022 1 Stock Code: 000725 Stock Name: BOE-A Announcement No. 2022-039 Stock Code: 200725 Stock Name: BOE-B Announcement No. 2022-039 BOE TECHNOLOGY GROUP CO., LTD. FIRST QUARTERLY REPORT 2022 BOE Technology Group Co., Ltd. (hereinafter referred to as the “Company”) and all the members of the Companys Board of Directors hereby guarantee that the contents of this Report are true, accurate and complete and free of any misrepresentations, misleading statements or material omissions. Important Notes: The Board of Directors (or the “Board”), 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. All the Companys directors have attended the Board meeting for the review of this Report and its summary. Mr. Chen Yanshun, the Companys legal representative, Mr. Liu Xiaodong, President of the Company, Ms. Sun Yun, the Companys Chief Financial Officer, and Ms. Yang Xiaoping, head of the Companys financial department (equivalent to financial manager) hereby guarantee that the Financial Statements carried in this Report are factual, accurate and complete. This Report has been prepared in both Chinese and English. Should there be any discrepancies or misunderstandings between the two versions, the Chinese version shall prevail. The financial statements in this Report have not been audited by an independent auditor. BOE Technology Group Co., Ltd. First Quarterly Report 2022 2 I Key Financial Information (I) Key Accounting Data and Financial Indicators Indicate by tick mark whether there is any retrospectively restated datum in the table below. Yes No Reason for any retrospectively adjustment or restatement Changes of accounting policies Item Q1 2022 Q1 2021 Change (%) Before After After Operating revenue (RMB) 50,475,809,458.00 49,655,379,519.00 50,275,246,475.00 0.40% Net profit attributable to the listed companys shareholders (RMB) 4,388,727,184.00 5,182,037,171.00 5,260,529,397.00 -16.57% Net profit attributable to the listed companys shareholders before exceptional items (RMB) 3,511,402,963.00 4,484,934,082.00 4,563,426,308.00 -23.05% Net cash generated from/used in operating activities (RMB) 14,755,368,710.00 14,522,832,708.00 14,565,287,236.00 1.31% Basic earnings per share (RMB/share) 0.113 0.147 0.149 -24.16% Diluted earnings per share (RMB/share) 0.113 0.147 0.149 -24.16% Weighted average return on equity (%) 3.25% 5.51% 5.59% -2.34% Item 31 March 2022 31 December 2021 Change (%) Before After After Total assets (RMB) 457,064,241,891.00 449,726,980,355.00 450,232,603,405.00 1.52% Equity attributable to the listed companys shareholders (RMB) 149,310,730,085.00 142,925,547,899.00 143,086,216,558.00 4.35% Reason for accounting policy change and correction of accounting error: As required by the Q&A on the Implementation of Fixed Assets Standards and the Interpretation of Accounting Standards for Business Enterprises No. 15 issued by the Ministry of Finance, the Group retrospectively adjusted related items of financial statements of the beginning of the year and those of the same period of last year. The above changes of accounting policies have no significant influence on the Companys financial status and operating results. (II) Exceptional Gains and Losses Applicable Not applicable Unit: RMB Item Q1 2022 Note Gain or loss on disposal of non-current assets (inclusive of impairment allowance write-offs) 231,829.00 N/A Tax rebates, reductions and exemptions with ultra vires approval or in lack of duly approved document 0.00 N/A Government grants through profit or loss (exclusive of government grants continuously given in the Companys ordinary course of business at fixed quotas or amounts as per the governments policies and standards) 1,078,316,948.00 N/A Capital occupation charges on non-financial enterprises that are charged to current gains and losses 0.00 N/A Income equal to the amount by which investment costs for the Company to obtain subsidiaries, associates and joint ventures are lower than the Companys enjoyable fair value of identifiable net assets of investees when making investments 0.00 N/A Gains and losses on non-monetary asset swap 0.00 N/A Gains and losses on investment or asset management entrustments to other entities 0.00 N/A Allowance for asset impairments due to acts of God such as natural disasters 0.00 N/A Gains and losses on debt restructuring 0.00 N/A Restructuring costs in staff arrangement, integration, etc. 0.00 N/A BOE Technology Group Co., Ltd. First Quarterly Report 2022 3 Gains and losses on over-fair value amount as a result of transactions with distinctly unfair prices 0.00 N/A Current gains and losses on subsidiaries acquired through business mergers under same control from period-beginning to merger dates, net 0.00 N/A Gains and losses on contingencies that do not arise in the Companys ordinary course of business 0.00 N/A Gain or loss on fair-value changes in held-for-trading financial assets and liabilities & investment income from disposal of held-for-trading financial assets and liabilities, and available-for-sale financial assets (exclusive of effective portion of hedges that arise in the Companys ordinary course of business) 61,783,623.00 N/A Reversed portion of impairment allowance for accounts receivable which are tested individually for impairment 16,068,217.00 N/A Gains and losses on loan entrustment 0.00 N/A Gains and losses on fair value changes in investment property of which subsequent measurement is carried out using fair value method 0.00 N/A Effects of all adjustments required by taxation, accounting and other applicable laws and regulations on current gains and losses 0.00 N/A Income from charges on entrusted management 0.00 N/A Non-operating income and expense other than above 16,795,674.00 N/A Other gains and losses that meet definition of nonrecurring gain/loss 0.00 N/A Less: Income tax effects 34,329,499.00 N/A Non-controlling interests effects (net of tax) 261,542,571.00 N/A Total 877,324,221.00 - Other items that meet the definition of exceptional gain/loss: Applicable Not applicable No such cases in the Reporting Period. Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item listed in the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the PublicExceptional Gain/Loss Items: Applicable Not applicable No such cases in the Reporting Period. (III) Changes in Key Financial Statement Line Items and Explanation of why Applicable Not applicable Changes in key line items of the income statement and explanation of why: 1. Selling expenses increased by 31% year-on-year, mainly due to the corresponding increase in the companys market development. 2. Finance costs declined 34% during Q1 2022 compared to Q1 2021, primarily driven by the decreased interest expense as a result of the repayment of some bank loans. 3. Other income rose 73% during Q1 2022 compared to Q1 2021, primarily driven by the increased government grants during the Reporting Period. 4. Return on investment rose 2706% during Q1 2022 compared to Q1 2021, primarily driven by the increased returns recognized on investments in associates during the Reporting Period. 5. Gain on changes in fair value rose 91% during Q1 2022 compared to Q1 2021, primarily driven by the increased gains on investments in wealth management products during the Reporting Period. Changes in key line items of the cash flow statement and explanation of why: 1. Net cash used in investing activities declined 61% during Q1 2022 compared to Q1 2021, primarily driven by the decreased expenditures on new project construction, etc. during the Reporting Period. II Shareholder Information (I) Numbers of Ordinary Shareholders and Preference Shareholders with Resumed Voting Rights as well as Holdings of Top 10 Shareholders BOE Technology Group Co., Ltd. First Quarterly Report 2022 4 Unit: share Number of ordinary shareholders 1,645,844 (including 1,608,385 A-shareholders and 37,459 B-shareholders) Top 10 shareholders Name of shareholder Nature of shareholder Shareholding percentage Total shares held Restricted shares Shares in pledge, marked or frozen Status Shares Beijing State-owned Capital Operation and Management Company Limited State-owned legal person 10.57% 4,063,333,333 0 N/A 0 Hong Kong Securities Clearing Company Ltd. Foreign legal person 4.21% 1,618,569,408 0 N/A 0 Beijing BOE Investment & Development Co., Ltd. State-owned legal person 2.14% 822,092,180 0 N/A 0 Beijing Jing Guorui Soe Reform and Development Fund (L.P.) Other 1.87% 718,132,854 718,132,854 N/A 0 Hefei Jianxiang Investment Co., Ltd. State-owned legal person 1.73% 666,195,772 0 N/A 0 Fuqing Huirong Venture Capital Group Co., Ltd. Domestic non-state-owned legal person 1.40% 538,599,640 0 N/A 0 Chongqing Ezcapital Opto-electronic Industry Investment Co., Ltd. State-owned legal person 0.85% 326,229,746 0 N/A 0 Sinatay Life Insurance Co., Ltd.-Traditional Product Other 0.79% 305,330,128 0 N/A 0 Beijing Yizhuang Investment Holdings Co., Ltd State-owned legal person 0.73% 281,295,832 0 N/A 0 Beijing Electronics Holdings Co., Ltd. State-owned legal person 0.71% 273,735,583 0 N/A 0 Top 10 unrestricted shareholders Name of shareholder Unrestricted shares held Shares by type Type Shares Beijing State-owned Capital Operation and Management Company Limited 4,063,333,333 RMB-denominated ordinary share 4,063,333,333 Hong Kong Securities Clearing Company Ltd. 1,618,569,408 RMB-denominated ordinary share 1,618,569,408 Beijing BOE Investment & Development Co., Ltd. 822,092,180 RMB-denominated ordinary share 822,092,180 Hefei Jianxiang Investment Co., Ltd. 666,195,772 RMB-denominated ordinary share 666,195,772 Fuqing Huirong Venture Capital Group Co., Ltd. 538,599,640 RMB-denominated ordinary share 538,599,640 Chongqing Ezcapital Opto-electronic Industry Investment Co., Ltd. 326,229,746 RMB-denominated ordinary share 326,229,746 Sinatay Life Insurance Co., Ltd.-Traditional Product 305,330,128 RMB-denominated ordinary share 305,330,128 Beijing Yizhuang Investment Holdings Co., Ltd 281,295,832 RMB-denominated ordinary share 281,295,832 Beijing Electronics Holdings Co., Ltd. 273,735,583 RMB-denominated ordinary share 273,735,583 Caitong Fund-PSBC-Caitong Fund-Yuquan Bohai Life Insurance No.1 Asset Management Plan 179,533,214 RMB-denominated ordinary share 179,533,214 Related or acting-in-concert parties among the shareholders above 1. Beijing State-owned Capital Operation and Management Company Limited held 100% equities of Beijing Electronics Holdings Co., Ltd. 2. Beijing Electronics Holdings Co., Ltd. held 66.25% equities of Beijing BOE Investment & Development Co., Ltd. and was its controlling shareholder. 3. After the non-public issuing of BOE in 2014, Hefei Jianxiang Investment Co., Ltd. BOE Technology Group Co., Ltd. First Quarterly Report 2022 5 and Chongqing Ezcapital Opto-electronic Industry Investment Co., Ltd., by entering into Implementation Protocol of Voting Right respectively, agreed to maintain all of the shares held by them respectively unanimous with Beijing BOE Investment & Development Co., Ltd. when executing the voting rights of the shareholders. 4. After the non-public issuing of the Company in 2014, Beijing State-owned Capital Operation and Management Company Limited handed over 70% of the shares directly held by it to Beijing Electronics Holdings Co., Ltd. for management through Stock Management Protocol, and Beijing Electronics Holdings Co., Ltd. gained the incidental shareholders rights except for disposing right and usufruct of the shares, of which the rest 30% voting right maintained unanimous with Beijing Electronics Holdings Co., Ltd. through the agreement according to Implementation Protocol of Voting Right. 5. During the non-public issuing of the Company in 2021, Beijing Jing Guorui Soe Reform and Development Fund (L.P.) signed the Acting-in-Concert Agreement with Beijing Electronics Holdings Co., Ltd. 6. Beijing State-owned Capital Operation and Management Company Limited indirectly held 100% equities of Beijing Jingguorui Investment Management Co., Ltd. and directly held 77.5918% shares of Beijing Jing Guorui Soe Reform and Development Fund (L.P.); Beijing Jingguorui Investment Management Co., Ltd. is the general partner of Beijing Jing Guorui Soe Reform and Development Fund (L.P.). In addition, among the nine members of the Investment Decision-Making Committee of Beijing Jing Guorui Soe Reform and Development Fund (L.P.), three are nominated by Beijing State-owned Capital Operation and Management Company Limited. 7. 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 shareholders involved in securities margin trading N/A Note: As of the end of the Reporting Period, among the Top 10 shareholders, the special securities account of the Company for repurchase held 528,186,052 shares, accounting for 1.37%. (II) Number of Preference Shareholders and Shareholdings of Top 10 of Them Applicable Not applicable III Other Significant Events Applicable Not applicable 1. On 18 October 2019, the Company disclosed the Announcement on the Companys Application for CSRCs 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 Company publicly issued renewable corporate bonds (to qualified investors) (the first issue) (epidemic prevention and control bonds) (“20BOEY1” for short; Code: 149046) in 2020 with the issue term from 27 February 2020 to 28 February 2020. The Company publicly issued the renewable corporate bonds (to qualified investors) (the second issue) (epidemic prevention and control bonds) (“20BOEY2” for short; Code: 149065) in 2020 with the issue term from 18 March 2020 to 19 March 2020. The Company publicly issued the renewable corporate bonds (to qualified investors) (the third issue) (epidemic prevention and control bonds) (“20BOEY3” for short; Code: 149108) in 2020 with the issue term from 24 April 2020 to 27 April 2020. The Company disclosed 2022 20BOEY1 Interest Payment Announcement (Announcement No. 2022-006) on 24 February 2022. The interest payment plan was RMB36.40 (including tax) every ten bonds. The Company disclosed 2022 20BOEY2 Interest Payment Announcement (Announcement No. 2022-013) on 17 Marc