京东方Ｂ：2017年年度报告（英文版）.PDF

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1、 ANNUAL REPORT 2017 April 2018 BOE Technology Group Co.,Ltd.Annual Report 2017 2 Part I Important Notes,Table of Contents and Definitions The Board of Directors(or the“Board”),the Supervisory Board as well as the Directors,Supervisors and senior management of BOE Technology Group Co.,Ltd.(the“Compan

2、y”)hereby guarantee the factuality,accuracy and completeness of the contents of this Report,and shall be jointly and severally liable for any misrepresentations,misleading statements or material omissions in this Report.Mr.Wang Dongsheng,the Companys legal representative,Mr.Chen Yanshun,President of

3、 the Execution Committee(Chief Executive Officer)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 an

4、d complete.All the Companys Directors have attended the Board meeting for the review of this Report.Any plans for the future and other forward-looking statements mentioned in this Report shall NOT be considered as absolute promises of the Company to investors.Investors,among others,shall be sufficie

5、ntly aware of the risk and shall differentiate between plans and forecasts and promises.The Board has considered and approved the following dividend payout proposal for common shareholders for the Reporting Period:based on the total shares of 34,798,398,763,a cash dividend of RMB0.50(tax inclusive)p

6、er 10 shares would be distributed to all the common shareholders,with no share dividend converted either from retain earnings or from capital reserves.This Report has been prepared as per the Chinese Accounting Standards for Business Enterprises and other relevant regulations.KPMG Huazhen LLP has is

7、sued an independent auditors report with unmodified unqualified opinion for the Company.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.BOE Technology Group Co.,Ltd.Annual Repo

8、rt 2017 3 Table of Contents Part I Important Notes,Table of Contents and Definitions.2 Part II Company Profile and Key Financial Information.6 Part III Business Summary.11 Part IV Company Performance Discussion and Analysis.14 Part V Significant Events.35 Part VI Share Changes and Shareholder Inform

9、ation.57 Part VII Preferred Shares.68 Part VIII Directors,Supervisors,Senior Management and Staff.69 Part IX Corporate Governance.84 Part X Corporate Bonds.94 Section XI Financial Report.99 Part XII Documents Available for Reference.106 BOE Technology Group Co.,Ltd.Annual Report 2017 4 Definitions T

10、erm Definition The“Company”,“BOE”or“we”BOE Technology Group Co.,Ltd.and its consolidated subsidiaries,except where the context otherwise requires Parent,Parent Company BOE Technology Group Co.,Ltd.exclusive of subsidiaries,except where the context otherwise requires The Stock Listing Rules The Stock

11、 Listing Rules of the Shenzhen Stock Exchange(Revised in 2014)SZSE,the Stock Exchange The Shenzhen Stock Exchange The cninfo website http:/ China Securities Regulatory Commission The Articles of Association The Articles of Association of BOE Technology Group Co.,Ltd.The Company Law The Company Law o

12、f the Peoples Republic of China The Securities Law The Securities Law of the Peoples Republic of China OASIS Hospital OASIS International Hospital DBG The display and sensor business group of the Company SBG The smart systems business group of the Company HBG The healthcare business group of the Com

13、pany United Ratings United Credit Ratings Co.,Ltd.TFT-LCD Thin Film Transistor-Liquid Crystal Display LCD Liquid Crystal Display LTPS Low Temperature Poly-Silicon FPXD Flat Panel X-Ray Detector AMOLED Active-Matrix Organic Light Emitting Diode AMQLED Active Matrix Quantum-Dot Light Emitting Diode OL

14、ED Organic Light-Emitting Diode VR/AR Virtual Reality/Augmented Reality IFI IFI CLAIMS Patent Services SID The Society for Information Display IFA Internationale Funkausstellung Berlin TDDI Touch and Display Driver Integration KPMG KPMG Huazhen LLP BOE Technology Group Co.,Ltd.Annual Report 2017 5 T

15、he“Reporting Period”or“Current Period”The period from January 1,2017 to December 31,2017 RMB,RMB0,000 In RMB yuan,in RMB ten thousand yuan BOE Technology Group Co.,Ltd.Annual Report 2017 6 Part II Company Profile and Key Financial Information I Corporate Information Stock name BOE A,BOE B Stock symb

16、ol 000725,200725 Changed stock name(if any)N/A Stock exchange Shenzhen Stock Exchange Company name in Chinese 京东方科技集团股份有限公司 Abbr.京东方 Company name in English(if any)BOE TECHNOLOGY GROUP CO.,LTD.Abbr.(if any)BOE Legal representative Wang Dongsheng Registered address 10 Jiuxianqiao Road,Chaoyang Distri

17、ct,Beijing,P.R.China Zip code 100015 Office address 12 Xihuan Middle Road,Beijing Economic-Technological Development Area,P.R.China Zip code 100176 Company website http:/ Email address II Contact Information Item Board Secretary Securities Representative Name Liu Hongfeng Cui Zhiyong Address 12 Xihu

18、an Middle Road,Beijing Economic-Technological Development Area,P.R.China 12 Xihuan Middle Road,Beijing Economic-Technological Development Area,P.R.China Tel.01064318888 ext.01064318888 ext.Fax 01064366264 01064366264 Email address III Media for Information Disclosure and Place where this Report Is K

19、ept Newspapers designated by the Company for information disclosure China Securities Journal,Shanghai Securities News,Securities Times,Ta Kung Pao(HK)Website designated by CSRC for publication of this http:/ Technology Group Co.,Ltd.Annual Report 2017 7 Report Place where this Report is kept Board S

20、ecretarys Office IV Company Registered Information and Alterations Organization code No alterations Alterations to main business scope of the Company since going public(if any)No alterations Alterations to controlling shareholder(if any)No alterations V Other Information The independent certified pu

21、blic accounting(or“CPA”)firm hired by the Company:Name KPMG Huazhen LLP Office address 8/F,KPMG Tower,Oriental Plaza,1 East Chang An Avenue,Beijing,P.R.China Accountants writing signatures Zhang Huan and Su Xing The independent sponsor hired by the Company to exercise constant supervision over the C

22、ompany in the Reporting Period:Applicable Not applicable The independent financial advisor hired by the Company to exercise constant supervision over the Company in the Reporting Period:Applicable Not applicable VI Key Financial Information Indicate by tick mark whether there is any retrospectively

23、restated datum in the table below.Yes No Item 2017 2016 2017-over-2016 change 2015 Sales revenue(RMB)93,800,479,215.0068,895,658,963.0036.15%48,623,732,312.00Net income attributable to shareholders of the listed company(RMB)7,567,682,493.001,882,571,674.00301.99%1,636,270,488.00Net income attributab

24、le to shareholders of the listed company before nonrecurring gains and losses(RMB)6,679,211,138.0012,534,878.0053,185.01%613,814,833.00Net cash flows from operating activities(RMB)26,266,986,015.0010,073,287,120.00160.76%10,493,385,445.00BOE Technology Group Co.,Ltd.Annual Report 2017 8 Basic earnin

25、gs per share(RMB/share)0.2170.054301.85%0.046Diluted earnings per share(RMB/share)0.2170.054301.85%0.046Weighted average return on equity(%)9.25%2.40%6.85%2.13%Item December 31,2017December 31,2016Change of December 31,2017 over December 31,2016 December 31,2015Total assets(RMB)256,108,741,849.00205

26、,135,011,042.0024.85%152,592,894,442.00Equity attributable to shareholders of the listed company(RMB)84,809,816,377.0078,699,988,493.007.76%77,485,275,564.00VII Accounting Data Differences under Chinese Accounting Standards(CAS)and International Financial Reporting Standards(IFRS)and Foreign Account

27、ing Standards 1.Net Income and Equity Differences under CAS and IFRS Applicable Not applicable No such differences for the Reporting Period.2.Net Income and Equity Differences under CAS and Foreign Accounting Standards Applicable Not applicable No such differences for the Reporting Period.VIII Key F

28、inancial Information by Quarter Unit:RMB Item Q1 Q2 Q3 Q4 Sales revenue 21,854,974,362.0022,750,053,633.0024,803,328,149.00 24,392,123,071.00Net income attributable to shareholders of the listed company 2,413,015,650.001,889,589,950.002,173,061,620.00 1,092,015,273.00Net income attributable to share

29、holders of the listed company before nonrecurring gains and losses 2,301,442,129.001,716,401,980.001,899,046,822.00 762,320,207.00Net cash flows from operating activities 6,216,049,821.004,422,541,445.007,852,416,022.00 7,775,978,727.00Indicate by tick mark whether any of the financial data in the t

30、able above or their summations differs materially from what have been BOE Technology Group Co.,Ltd.Annual Report 2017 9 disclosed in the Companys quarterly or semi-annual reports.Yes No IX Nonrecurring Gains and Losses Applicable Not applicable Unit:RMB Item 2017 2016 2015 Note Gains and losses on d

31、isposal of non-current assets(inclusive of offset allowance for asset impairments)-87,930,698.00-46,754,352.00-8,350,324.00 N/A Tax rebates,reductions and exemptions with ultra vires approval or in lack of duly approved document 0.000.000.00 N/A Government subsidies charged to current profit and los

32、s(exclusive of government subsidies given in the Companys ordinary course of business at fixed quotas or amounts as per governments uniform standards)962,283,001.001,914,531,603.001,045,101,727.00 N/A Capital occupation charges on non-financial enterprises that are charged to current gains and losse

33、s 0.000.000.00 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 0.00105,228,293.00163,082.00 N/A Gains and los

34、ses on non-monetary asset swap 0.000.000.00 N/A Gains and losses on investment or asset management entrustments to other entities 0.000.000.00 N/A Allowance for asset impairments due to acts of God such as natural disasters 0.000.000.00 N/A Gains and losses on debt restructuring 0.000.000.00 N/A Res

35、tructuring costs in staff arrangement,integration,etc.0.000.000.00 N/A Gains and losses on over-fair value amount as a result of transactions with distinctly unfair prices 0.000.000.00 N/A Current gains and losses on subsidiaries acquired through business mergers under same 0.000.000.00 N/A BOE Tech

36、nology Group Co.,Ltd.Annual Report 2017 10 control from period-beginning to merger dates,net Gains and losses on contingencies that do not arise in the Companys ordinary course of business 0.000.000.00 N/A Gains and losses on changes in fair value of trading financial assets and liabilities&investme

37、nt income from disposal of 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)134,810,181.00149,197,609.00173,197,708.00 N/A Reversed portion of impairment allowance for acco

38、unts receivable which are tested individually for impairment 2,616,024.0024,547,083.004,535,849.00 N/A Gains and losses on loan entrustment 0.000.000.00 N/A Gains and losses on fair value changes in investment property of which subsequent measurement is carried out using fair value method 0.000.000.

39、00 N/A Effects of all adjustments required by taxation,accounting and other applicable laws and regulations on current gains and losses 0.000.000.00 N/A Income from charges on entrusted management 0.000.000.00 N/A Non-operating revenue and expense other than above 46,503,917.0040,206,943.0022,787,01

40、5.00 N/A Other gains and losses that meet definition of nonrecurring gain/loss 0.000.000.00 N/A Less:Income tax effects 126,533,931.00305,399,453.00185,320,551.00 N/A Non-controlling interests effects(net of tax)43,277,139.0011,520,930.0029,658,851.00 N/A Total 888,471,355.00 1,870,036,796.001,022,4

41、55,655.00-Explanation of why the Company classifies an item as a nonrecurring gain/loss according to the definition in the Explanatory Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the PublicNonrecurring Gains and Losses,or reclassifies any nonrecurring gain/

42、loss item listed in the said explanatory announcement as a recurring gain/loss:Applicable Not applicable No such cases for the Reporting Period.BOE Technology Group Co.,Ltd.Annual Report 2017 11 Part III Business Summary I Main Business Scope of the Company in Reporting Period Is the Company subject

43、 to any disclosure requirements for special industries?No.Founded in April 1993,BOE Technology Group Co.,Ltd.(BOE)has three major business divisions,namely,the display and sensor business group(DBG),the smart systems business group(SBG)and the healthcare business group(HBG).And BOE is rapidly transf

44、orming towards an Internet of Things(IOT)company.1.Display and Sensor Business Group(DBG)This business group provides,among others,TFT-LCD,AMOLED and micro display components and solutions.The display business primarily offers display components and solutions for mobile phones,tablet PCs,laptops,dis

45、players,TVs,VR/AR devices,vehicles,wearable devices,industrial control,medical care,tiled display screens,etc.And the sensor business mainly provides core thin film transistors and solutions for photoelectric sensors,gene sequencing sensors,multi-sign sensors,security sensors and molecular antenna,a

46、mong others.2.Smart Systems Business Group(SBG)Following the main direction of“the Internet of Things and artificial intelligence”,this business group consists of five major sub-divisions,namely,smart manufacturing,digital arts,smart retail systems,smart vehicle-mounted systems,and smart energy syst

47、ems.The smart manufacturing sub-division mainly provides its global partners with the most competitive ODM/OEM and customized smart manufacturing solutions of complete machines,backlight units,etc.The digital arts sub-division focuses on B2C screen systems,providing O+O digital artwork trading platf

48、orms for customers.The smart retail systems sub-division mainly offers electronic shelf label,commercial display,hospital-bank smart systems and solutions.And the smart vehicle-mounted systems and smart energy systems sub-divisions mainly provide advanced vehicle-mounted and energy systems and solut

49、ions.3.Healthcare Business Group(HBG)With“Internet of Things technology and life data”as the core,this business group consists of five major sub-divisions,namely,mobile healthcare,digital hospitals,regenerative medicine,healthcare parks and life insurance,primarily providing portable health monitori

50、ng,online medical consulting,offline medical care,regenerative medicine and healthcare park products and solutions.II Significant Changes in Major Assets 1.Significant Changes in Major Assets Major assets Reason for significant changes in the period Equity assets No significant changes Property,plan