京东方Ｂ：2021年半年度报告（英文版）（更新后）.PDF

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1、 INTERIM REPORT 2021 August 2021 BOE Technology Group Co., Ltd. Interim Report 2021 2 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.,

2、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

3、Companys legal representative, Mr. Liu Xiaodong, President, Ms. Sun Yun, Chief Financial Officer, and Ms. Yang Xiaoping, 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 th

4、e directors of the Company attended in person the Board meeting for the review of this Report and its summary. The Company has no interim dividend plan, either in the form of cash or stock. Any plans for the future, development strategies and other forward-looking statements mentioned in this Report

5、 and its summary shall NOT be considered as absolute promises of the Company to investors. Therefore, investors are reminded to exercise caution when making investment decisions. For further information, see “(X) Risks Facing the Company and Countermeasures” in Part III herein. This Report has been

6、prepared as per the Chinese Accounting Standards for Business Enterprises and other relevant regulations. 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. B

7、OE Technology Group Co., Ltd. Interim Report 2021 3 Table of Contents Part I Important Notes, Table of Contents and Definitions . 2 Part II Corporate Information and Key Financial Information . 6 Part III Management Discussion and Analysis . 10 Part IV Corporate Governance . 26 Part V Environmental

8、and Social Responsibility . 28 Part VI Significant Events . 33 Part VII Share Changes and Shareholder Information . 53 Part VIII Preferred Shares . 63 Part IX Bonds . 64 Part X Financial Statements . 68 BOE Technology Group Co., Ltd. Interim Report 2021 4 Documents Available for Reference (I) The fi

9、nancial statements signed and sealed by the Companys 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 during the Reporting Perio

10、d. All the above mentioned documents are available at the Board Secretarys Office of the Company. Chairman of the Board (signature): Mr. Chen Yanshun Date of the Boards approval of this Report: 27 August 2021 BOE Technology Group Co., Ltd. Interim Report 2021 5 Definitions Term Definition “BOE”, the

11、 “Company”, the “Group” or “we” BOE Technology Group Co., Ltd. and its consolidated subsidiaries, except where the context otherwise requires The cninfo website http:/ CSRC The China Securities Regulatory Commission Microdisplay Microdisplay technology LCD Liquid Crystal Display AMOLED Active-matrix

12、 Organic Light Emitting Diode OLED Organic Light Emitting Diode Mini-LED Submillimeter Light Emitting Diode P0.9 Point 0.9mm AM Active matrix Micro-LED Micro Light Emitting Diode VR/AR Virtual Reality /Augmented Reality TFT-LCD Thin Film Transistor Liquid Crystal Display 3C Computer, communication a

13、nd consumer electronics SID The Society for Information Display IEC International Electrotechnical Commission DIC Display Innovation China Expo DIC AWARD Display Innovation China Award BOE Technology Group Co., Ltd. Interim Report 2021 6 Part II Corporate Information and Key Financial Information I

14、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

15、 Legal representative Chen Yanshun II Contact Information Item Board Secretary Securities Representative Name Liu Hongfeng Su Xuefei Address 12 Xihuan Middle Road, Beijing Economic-Technological Development Area, P.R.China 12 Xihuan Middle Road, Beijing Economic-Technological Development Area, P.R.C

16、hina Tel. 01064318888 ext. 01064318888 ext. Fax 01064366264 01064366264 Email address 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 and email address of the

17、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 2020 Annual Report. 2. Media for Information Disclosure and Place where this Report is Lodged Indicate by tick mark whether any change occurred to

18、the information disclosure media and the place for keeping the Companys BOE Technology Group Co., Ltd. Interim Report 2021 7 periodic reports in the Reporting Period. Applicable Not applicable The newspapers designated by the Company for information disclosure, the website designated by the CSRC for

19、 disclosing the Companys periodic reports and the place for keeping such reports did not change in the Reporting Period. The said information can be found in the 2020 Annual Report. IV Key Financial Information Indicate by tick mark whether there is any retrospectively restated datum in the table be

20、low. Yes No Reason for retrospective restatement: Other reason. Item H1 2021 H1 2020 Change (%) Before Restated Restated Operating revenue (RMB) 107,285,327,026.00 60,867,073,506.00 56,751,329,065.00 89.04% Net profit attributable to the listed companys shareholders (RMB) 12,762,024,968.00 1,135,450

21、,325.00 1,135,450,325.00 1,023.96% Net profit attributable to the listed companys shareholders before exceptional gains and losses (RMB) 11,661,616,772.00 -176,328,585.00 -176,328,585.00 Net cash generated from/used in operating activities (RMB) 32,745,188,339.00 9,716,675,534.00 9,716,675,534.00 23

22、7.00% Basic earnings per share (RMB/share) 0.363 0.026 0.026 1,296.15% Diluted earnings per share (RMB/share) 0.363 0.026 0.026 1,296.15% Weighted average return on equity (%) 13.40% 1.05% 1.05% 12.35% Item 30 June 2021 31 December 2020 Change (%) Before Restated Restated Total assets (RMB) 435,476,

23、169,633.00 424,256,806,331.00 424,256,806,331.00 2.64% Equity attributable to the listed companys shareholders (RMB) 111,945,985,236.00 103,276,766,835.00 103,276,766,835.00 8.39% Quarterly operating revenue was restated according to the audited data, which had no impact on other financial indicator

24、s. BOE Technology Group Co., Ltd. Interim Report 2021 8 V Accounting Data Differences under Chinas 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 Ap

25、plicable 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 Unit: RMB Item Am

26、ount Note Gain or loss on disposal of non-current assets (inclusive of impairment allowance write-offs) 147,769,658.00 N/A Tax rebates, reductions and exemptions given with ultra vires approval or in lack of official approval documents 0.00 N/A Government subsidies charged to current profit or loss

27、(exclusive of government subsidies given in the Companys ordinary course of business at fixed quotas or amounts as per the governments uniform standards) 1,125,750,664.00 N/A Capital occupation charges on non-financial enterprises that are charged to current profit or loss 0.00 N/A Gain equal to the

28、 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 Gain or loss on non-monetary asset swaps 0.00 N/A Gain or loss on assets e

29、ntrusted to other entities for investment or management 0.00 N/A Allowance for asset impairments due to acts of God such as natural disasters 0.00 N/A Gain or loss on debt restructuring 0.00 N/A Restructuring costs in staff arrangement, integration, etc. 0.00 N/A Gain or loss on the over-fair value

30、amount as a result of transactions with distinctly unfair prices 0.00 N/A Current profit or loss on subsidiaries obtained in business combinations involving enterprises under common control from the period-beginning to combination dates, net 0.00 N/A Gain or loss on contingencies that do not arise i

31、n the Companys ordinary course of business 0.00 N/A Gain or loss on fair-value changes in held-for-trading and derivative financial assets and liabilities 46,230,279.00 N/A BOE Technology Group Co., Ltd. Interim Report 2021 9 & income from disposal of held-for-trading and derivative financial assets

32、 and liabilities and other investments in debt obligations (exclusive of the effective portion of hedges that arise in the Companys ordinary course of business) Reversed portions of impairment allowances for accounts receivable and contract assets which are tested individually for impairment 12,706,

33、456.00 N/A Gain or loss on loan entrustments 0.00 N/A Gain or loss on fair-value changes in investment property of which subsequent measurement is carried out using the fair value method 0.00 N/A Effects of all adjustments required by taxation, accounting and other applicable laws and regulations on

34、 current profit or loss 0.00 N/A Income from charges on entrusted management 0.00 N/A Non-operating income and expense other than the above 28,677,012.00 N/A Other gains and losses that meet the definition of exceptional gain/loss 0.00 N/A Less: Income tax effects 124,486,027.00 N/A Non-controlling

35、interests effects (net of tax) 136,239,846.00 N/A Total 1,100,408,196.00 - Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item defined or listed in the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the PublicExc

36、eptional Gain/Loss Items: Applicable Not applicable No such cases for the Reporting Period. BOE Technology Group Co., Ltd. Interim Report 2021 10 Part III Management Discussion and Analysis I Principal Activity of the Company in the Reporting Period (I) Principal Operations Founded in April 1993, BO

37、E Technology Group Co., Ltd. is an IoT company that provides smart ports and professional services for information interaction and human health. After years of development, the Group has become a global leader in the semiconductor display sector. The Company has established a 1+4+N BG structure with

38、 display business as the core, which integrates MLED business, Sensor and Solution business, Intelligence System and Innovation business, Smart Medical Engineering business and extends to IoT scenarios and market segments such as Intelligent Car Networking, Smart Retail, Smart Finance, Smart Medicin

39、e and Engineering, Industrial IoT, Smart Park, and Digital Art. The Company has established an industrial fund to build a safe, healthy and competitive ecological chain finance and innovation investment platform. The Company has set up the Smart System Innovation Center to facilitate cooperation bet

40、ween business groups and strategic partners to jointly create products and value for win-win outcomes. For the first half of 2021, the Company recorded operating revenue of approximately RMB107.285 billion, up around 89.04% year-on-year; and a net profit attributable to the listed companys sharehold

41、ers of RMB12.762 billion, up 1,023.96% year-on-year. The specifics are as follows: 1. Display business Display business offers TFT-LCD, AMOLED, Microdisplay and other intelligent interface devices designed and manufactured in an integrated way, to create an integrated platform of semiconductor displ

42、ay panels, modules, whole products and services. Display business provides customers with high-quality display devices such as smartphones, tablet PCs, laptops, monitors, TVs, vehicle-mounted, electronic shelf label (ESL), tiled display screens, industrial control, wearable devices, VR/AR devices, e

43、lectronic tags, white goods, healthcare, mobile payment, and interactive whiteboards, as well as the most competitive intelligent services in 3C display, smart IoT, system platform, and other fields. 2. Sensor and Solution business Sensor and Solution business offers B2B customers integrated design

44、and manufacturing services of sensor devices for use in medical detection, household detection, communication & transportation, smart homes, etc., as well as sensor system solutions regarding medical imaging, biological detection, smart screens, microwave communication, fingerprint identification an

45、d the like, with products including flat panel X-ray detectors (FPXD), digital microfluidic chips, PDLC glass, fingerprint identification systems, etc. 3. MLED business MLED business renders Mini-LED backlight products with high reliability and high partition of dimming for LCD of mobile phones, tab

46、let PCs, laptops, monitors, TVs, vehicles, wearable 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 manufact

47、ured in an integrated manner. 4. Intelligence System and Innovation business Intelligence System and Innovation business offers overall system solutions under integrated design and backed by AI and big data, such as smart finance, smart industrial parks, smart governments, smart office, smart transp

48、ortation, city light space, smart energy and other IoT solutions, for products and services combining hardware and software. 5. Smart Medical Engineering business BOE Technology Group Co., Ltd. Interim Report 2021 11 Smart Medical Engineering business adopts the professional healthcare service model

49、 to combine technologies with medicine and integrate medicine and engineering with innovation, so as to provide families, communities and hospitals with the four core services of health management, health technology, digital hospital, and technology services. The health IoT platform connects testing

50、 equipment, medical workers and customers to build a smart health management ecosystem where customers enjoy health services including prevention, treatment, therapy and nursing. (II) Industry development In the first half of the year, the semiconductor industry continued to improve, the industrial