京东方Ｂ：2022年半年度报告（英文版）.PDF

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1、1 INTERIM REPORT 2022 August 2022 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.,Ltd.(hereinafter referred to as the“Company”)hereby guar

2、antee 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 Companys legal representative,Mr.Gao Wenbao,President,Ms.Yang Xia

3、oping,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 Companys directors have attended the Board meeting for the review of this Re

4、port 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 making investment deci

5、sions.For further information,see“(X)Risks Facing the Company and Countermeasures”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 misunderst

6、andings between the two versions,the Chinese versions shall prevail.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.25 Part V Envir

7、onmental and Social Responsibility.28 Part VI Significant Events.33 Part VII Share Changes and Shareholder Information.47 Part VIII Preferred Shares.57 Part IX Bonds.58 Part X Financial Statements.62BOE Technology Group Co.,Ltd.Interim Report 2022 4 Documents Available for Reference(I)The financial

8、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 Period.All the abo

9、ve 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:26 August 2022 BOE Technology Group Co.,Ltd.Interim Report 2022 5 Definitions Term Definition “BOE”,the“Company”,the“Group”or

10、“we”BOE Technology Group Co.,Ltd.and its consolidated subsidiaries,except where the context otherwise requires The cninfo website http:/ The China Securities Regulatory Commission The Articles of Association The Articles of Association of BOE Technology Group Co.,Ltd.OLED Organic Light Emitting Diod

11、e LED Light-emitting Diode MLED Mini/Micro LED TFT-LCD Thin Film Transistor Liquid Crystal Display AMOLED Active-matrix Organic Light Emitting Diode Oxide A compound of oxygen and another chemical element Microdisplay Microdisplay technology LCD Liquid Crystal Display IoT Internet of Things X-ray A

12、type of radiation that can pass through objects that are not transparent and make it possible to see inside them Mini/Micro LED Submillimeter/Micro Light Emitting Diode IEC International Electrotechnical Commission BP Back Plate EPD Electrophoretic Display AM Active Matrix MNT Monitor,generally refe

13、rring to the 2734 inch model VR/AR Virtual Reality/Augmented Reality MNT QHD+Monitor with QHD+definition NB Oxide A compound of oxygen and another chemical element MBL Mobile ISO International Organization for Standardization TV Television RGB Red Green Blue 3C Computer,communication and consumer el

14、ectronics P0.9 Point 0.9mm SID The Society for Information Display DIA Display Industry Awards NB Notebook SaaS Software-as-a-Service Gaming Gaming monitor C2P and C2S Whole-gadget models manufactured by the Company BOE Technology Group Co.,Ltd.Interim Report 2022 6 Part II Corporate Information and

15、 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

16、.Abbr.(if any)BOE Legal representative Chen Yanshun II Contact Information Item Board Secretary Securities Representative Name Liu Hongfeng Luo Wenjie Address 12 Xihuan Middle Road,Beijing Economic-Technological Development Area,P.R.China 12 Xihuan Middle Road,Beijing Economic-Technological Developm

17、ent Area,P.R.China Tel.010-64318888 ext.010-64318888 ext.Fax 010-64366264 010-64366264 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 add

18、ress 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 2021 Annual Report.2.Media for Information Disclosure and Place where this Report is Lodged Indicate by tick mark whether any change occu

19、rred to the information disclosure media and the place for keeping the Companys 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 disclosing the Companys periodic reports and t

20、he place for keeping such reports did not change in the Reporting Period.The said information can BOE Technology Group Co.,Ltd.Interim Report 2022 7 be found in the 2021 Annual Report.3.Other Information Indicate by tick mark whether any change occurred to other information in the Reporting Period.A

21、pplicable Not applicable IV Key Financial Information Indicate by tick mark whether there is any retrospectively restated datum in the table below.Yes No Reason for retrospective restatement:Change of accounting policy.Item H1 2022 H1 2021 Change(%)Before Restated Restated Operating revenue(RMB)91,6

22、10,241,869.00 107,285,327,026.00 108,618,018,710.00-15.66%Net profit attributable to the listed companys shareholders(RMB)6,595,661,738.00 12,762,024,968.00 12,917,163,177.00-48.94%Net profit attributable to the listed companys shareholders before exceptional gains and losses(RMB)4,239,456,093.00 11

23、,661,616,772.00 11,816,754,981.00-64.12%Net cash generated from/used in operating activities(RMB)28,112,000,665.00 32,745,188,339.00 32,787,642,867.00-14.26%Basic earnings per share(RMB/share)0.166 0.363 0.367-54.77%Diluted earnings per share(RMB/share)0.166 0.363 0.367-54.77%Weighted average return

24、 on equity(%)4.80%13.40%13.54%-8.74%Item 30 June 2022 31 December 2021 Change(%)Before Restated Restated Total assets(RMB)446,291,365,552.00 449,726,980,355.00 450,232,603,405.00-0.88%Equity attributable to the listed companys shareholders(RMB)143,316,946,650.00 142,925,547,899.00 143,086,216,558.00

25、 0.16%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 relat

26、ed 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.BOE Technology Group Co.,Ltd.Interim Report 2022 8 V Accounting Data D

27、ifferences 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 Applicable Not applicable No such differences for the Reporting Period.2.Net Profi

28、t 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 Amount Note Gain or loss on disposal of non-current assets(inclusive of impairment all

29、owance write-offs)-1,480,132.00 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(exclusive of government subsidies consistently given in the Companys ordinary course of

30、business at fixed quotas or amounts as per governmental policies or standards)2,960,353,628.00 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 amount by which investment costs for the Company to obtain subsidiaries,ass

31、ociates 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 entrusted to other entities for investment or management 0.00 N/A Allowance fo

32、r 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 amount as a result of transactions with distinctly unfair prices 0.00 N/A Curren

33、t 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 in the Companys ordinary course of business 0.00 N/A Gain or loss on fair-value ch

34、anges in held-for-trading financial assets and liabilities&income from disposal of held-for-trading financial assets and liabilities and available-for-sale financial assets(exclusive of the effective 122,322,990.00 N/A BOE Technology Group Co.,Ltd.Interim Report 2022 9 portion of hedges that arise i

35、n the Companys ordinary course of business)Reversed portions of impairment allowances for receivables which are tested individually for impairment 20,528,284.00 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

36、 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 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 85,481,

37、075.00 N/A Other gains and losses that meet the definition of exceptional gain/loss 0.00 N/A Less:Income tax effects 92,067,447.00 N/A Non-controlling interests effects(net of tax)738,932,753.00 N/A Total 2,356,205,645.00 Particulars about other gains and losses that meet the definition of exception

38、al 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 PublicExceptional

39、Gain/Loss Items:Applicable Not applicable No such cases for the Reporting Period.BOE Technology Group Co.,Ltd.Interim Report 2022 10 Part III Management Discussion and Analysis I Principal Activity of the Company in the Reporting Period BOE Technology Group Co.,Ltd.is an loT company providing intell

40、igent interface products and professional services for information interaction and human health.After years of professional cultivation,the Company has developed into a global leader in the field of semiconductor display and a global innovative enterprise in the field of the Internet of Things.Based

41、 on a deep understanding of the intrinsic laws of the market and practical exploration,and in order to further enhance its value creation capability,BOE has proposed the development strategy of Screen-Connected IoT based on its core genes and capabilities,seizing the ubiquitous growth opportunities

42、of screen,and fully leveraging its core advantage of screen to integrate screens into more market segments and application scenarios by integrating more functions and deriving more forms.By doing so,BOE will realize the user perception revolution of screen as terminal in the digital era,build an ind

43、ustrial ecology of screen as platform and screen as system,and reshape the value growth model.At the same time,based on the strategic design of Screen-Connected IoT,BOE will bring a new connotation to the 1+4+N+Ecosystem development structure under the new development pattern.1 represents semiconduc

44、tor display,which is the core capacity and quality resources accumulated by BOE,as well as the source and origin of the Companys transformation and development.4 is a high-potential channel and direction of development selected based on BOEs core competence and value chain extension,as well as the f

45、our main fronts of the Companys IoT transformation,namely the IoT Innovation business,the Sensor and Solution business,the MLED business and the Smart Medical Engineering business.N refers to the subdivided application scenarios of IoT that are continuously explored and cultivated by BOE,as well as

46、the specific focus of the Companys IoT transformation development.“Ecosystem”means the Company work with its partners by way of strategic investment,strategy cooperation,etc.to ensure the security of the business ecosystem.The Companys core businesses are summarized as follows:1.Display Devices busi

47、ness 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,tablet PCs,l

48、aptops,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 devices,etc.2.IoT Innovation business The IoT Innovation business offers integrated design and

49、 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 inte

50、grated 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 and Solution business The Sensor and Solution business offers integrated design and manufacturing services for system