京东方Ｂ：2016年年度报告（英文版）.PDF

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1、 ANNUAL REPORT 2016 April 2017 BOE Technology Group Co.,Ltd.Annual Report 2016 2 Section I Important Statements,Contents and Definitions The board of directors(the“Board”),the supervisory board(the“Supervisory Board”),as well as the directors,supervisors and executive officers of BOE Technology Grou

2、p Co.,Ltd.(the“Company”)hereby guarantee the factuality,accuracy and completeness of the contents of this Report,and shall be jointly and severally liable for any false representation,misleading statements or material omissions in this Report.Mr.Wang Dongsheng,head of the Company,Mr.Chen Yanshun,pre

3、sident of the Execution Committee(chief executive officer)of the Company,Ms.Sun Yun,accounting head for this Report,and Ms.Yang Xiaoping,head of the accounting department(head of accounting),hereby guarantee that the Financial Report carried in this Report is factual,accurate and complete.All direct

4、ors 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 virtual promises of the Company to investors.Therefore,investors are kindly reminded to pay attention to possible investment

5、risks.The Board has considered and approved the following proposal for profit distribution:a cash dividend of RMB 0.30 Yuan(tax inclusive)per 10 shares will be distributed to all shareholders of the Company.No bonus shares will be granted,nor will any capital reserve be converted into share capital.

6、This Report has been prepared in compliance with the Chinese“Accounting Standards for Business Enterprises”and other relevant regulations.KPMG Huazhen LLP has issued a standard auditors report with unqualified opinion for the Company.This Annual Report and its abstract have been prepared in both Chi

7、nese and English.Should there be any discrepancies or misunderstandings between the two versions,the Chinese version shall prevail.BOE Technology Group Co.,Ltd.Annual Report 2016 3 Table of Contents Section I Important Statements,Contents and Definitions.2 Section II Corporate Profile and Key Financ

8、ial Results.5 Section III Business Profile.10 Section IV Performance Discussion and Analysis.13 Section V Significant Events.37 Section VI Share Changes and Information about Shareholders.67 Section VII Preference Shares.78 Section VIII Directors,Supervisors,Senior Executive Officers and Staff.79 Se

9、ction IX Corporate Governance.96 Section X Corporate Bonds.106 Section XI Financial Report.111 Section XII Documents Available for Reference.114 BOE Technology Group Co.,Ltd.Annual Report 2016 4 Definitions Term Definition BOE,the Company,Company,the Group,Group BOE Technology Group Co.,Ltd.The Stoc

10、k Listing Rules The Stock Listing Rules of the Shenzhen Stock Exchange(Revised in 2014)SZSE,the Stock Exchange The Shenzhen Stock Exchange CSRC China Securities Regulation Commission CSRC Beijing China Securities Regulation Commission Beijing Bureau The Articles of Association The Articles of Associ

11、ation of BOE Technology Group Co.,Ltd.The Company Law The Company Law of the Peoples Republic of China The Securities Law The Securities Law of the Peoples Republic of China The cninfo website http:/ Hospital OASIS International Hospital SID The Society for Information Display DBG The display busine

12、ss group of the Company SBG The smart business group of the Company HBG The health business group of the Company United Ratings United Credit Ratings Co.,Ltd.TFT Thin Film Transistor LCD Liquid Crystal Display LTPS Low Temperature Poly-silicon AMOLED Active-matrix organic light emitting diode OLED O

13、rganic Light-Emitting Diode VR/AR Virtual reality/Augmented Reality KPMG KPMG Huazhen LLP BOE Technology Group Co.,Ltd.Annual Report 2016 5 Section II Corporate Profile and Key Financial Results I Corporate information Stock name BOE A,BOE B Stock code 000725,200725 Changed stock name(if any)N/A Sto

14、ck 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 District,Beijing,P.R.China Zip code 100015 Office addres

15、s 12 Xihuan Middle Road,Beijing Economic-Technological Development Area,P.R.China Zip code 100176 Company website http:/ Email II Contact information Item Board Secretary Securities Representative Name Liu Hongfeng Cui Zhiyong Address 12 Xihuan Middle Road,Beijing Economic-Technological Development

16、Area,P.R.China 12 Xihuan Middle Road,Beijing Economic-Technological Development Area,P.R.China Tel.01064318888 ext.01064318888 ext.Fax 01064366264 01064366264 E-mail III Information disclosure and place where this Report is kept Newspapers designated by the Company for information disclosure China S

17、ecurities Journal,Shanghai Securities News,Securities Times,Ta Kung Pao(HK)Website designated by the China Securities Regulatory Commission(CSRC)for the publication http:/ Technology Group Co.,Ltd.Annual Report 2016 6 of this Report Place where this Report is kept Board Secretarys Office IV Company

18、registration and alteration Credibility code No changes Changes in main business activities of the Company after going public(if any)No changes Changes of controlling shareholder(if any)No changes V Other information The CPAs firm hired by the Company Name KPMG Huazhen LLP Office address 8/F,East To

19、wer 2,Oriental Plaza,1 East Chang An Avenue,Beijing,P.R.China Accountants writing signatures Su Xing,Wang Ting Sponsor engaged by the Company to continuously perform its supervisory function during this Reporting Period Applicable Not applicable Name Office address Sponsor representative Supervisory

20、 period China Securities Co.,Ltd.Room 2203,North Tower,Shanghai Stock Exchange Building,528 Pudong South Road,Shanghai,P.R.China Zhu Mingqiang,Zhao Jun 04/05/201412/31/2015(Up to December 31,2015,the funds raised by the Company through a private A-share offering had not yet been used up.Therefore,Ch

21、ina Securities Co.,Ltd.would continue to perform its supervisory function on the Company.As of December 31,2016,the said funds had been used up and the sponsor thus ceased its supervision.)Financial advisor engaged by the Company to continuously perform its supervisory function during this Reporting

22、 Period Applicable Not applicable VI Key financial results Indicate by tick mark whether the Company performed any retroactive adjustments to or restatement of its accounting data due to changes of accounting policies or correction of accounting errors.Yes No Item 2016 2015+/-%2014 Operating revenue

23、s(RMB Yuan)68,895,658,963 48,623,732,312.00 41.69%36,816,316,676.00 Net profit attributable to 1,882,571,674 1,636,270,488.00 15.05%2,562,128,829.00 BOE Technology Group Co.,Ltd.Annual Report 2016 7 shareholders of the Company(RMB Yuan)Net profit attributable to shareholders of the Company before ex

24、ceptional profit and loss(RMB Yuan)12,534,878.00 613,814,833.00-97.96%1,827,866,642.00 Net cash flows from operating activities(RMB Yuan)10,073,287,120.00 10,493,385,445.00-4.00%8,095,825,923.00 Basic earnings per share(RMB Yuan/share)0.054 0.046 17.39%0.087 Diluted earnings per share(RMB Yuan/share

25、)0.054 0.046 17.39%0.087 Weighted average return on equity(%)2.40%2.13%0.27%4.29%Item December 31,2016 December 31,2015+/-%December 31,2014 Total assets(RMB Yuan)205,135,011,042 152,592,894,442.00 34.43%136,240,283,477.00 Net assets attributable to shareholders of the Company(RMB Yuan)78,699,988,493

26、 77,485,275,564.00 1.57%76,155,071,579.00 VII Differences in accounting data under domestic and foreign accounting standards 1.Differences in the net profit and the net assets disclosed in the financial reports prepared under Chinese and international accounting standards Applicable Not applicable N

27、o such differences for this Reporting Period.2.Differences in the net profit and the net assets disclosed in the financial reports prepared under Chinese and foreign accounting standards Applicable Not applicable No such differences for this Reporting Period.VIII Key financial results by quarter Uni

28、t:RMB Yuan Item 1Q 2Q 3Q 4Q Operating revenues 12,297,738,830.00 14,150,571,887.00 19,393,595,018.00 23,053,753,228.00 Net profit attributable to shareholders of the Company 108,325,454.00-624,797,872.00 657,140,380.00 1,741,903,712.00 BOE Technology Group Co.,Ltd.Annual Report 2016 8 Net profit att

29、ributable to shareholders of the Company before exceptional profit and loss -1,356,749,356.00-952,948,032.00 509,396,071.00 1,812,836,195.00 Net cash flows from operating activities 2,767,654,463.00-33,567,508.00 3,814,061,583.00 3,525,138,582.00 Indicate by tick mark whether there are any material

30、differences between the financial indicators above or their summations and those which have been disclosed in quarterly or semi-annual reports Yes No IX Exceptional profit/loss Applicable Not applicable Unit:RMB Yuan Item 2016 2015 2014 Note Profit/loss on disposal of non-current assets(including of

31、fset asset impairment provisions)-46,754,352.00-8,350,324.00-15,575,867.00 N/A Tax rebates,reductions and exemptions due to approval beyond authority or the lack of official approval documents 0.00 0.00 0.00 N/A Government subsidies charged to the profit/loss for this Reporting Period(except for the

32、 government grants closely related to the business of the Company and given at a fixed quota or amount in accordance with the States uniform standards)1,914,531,603.00 1,045,101,727.00 830,471,170.00 N/A Capital occupation charges on non-financial enterprises that are charged to the profit/loss for

33、this Reporting Period 0.00 0.00 0.00 N/A Profit due to the situation where investment costs for the Company to obtain subsidiaries,associates and joint ventures are lower than the enjoyable fair value of identifiable net assets of investees when making investments 105,228,293.00 163,082.00 10,168,40

34、9.00 N/A Profit/loss on non-monetary asset swap 0.00 0.00 0.00 N/A Profit/loss on entrusting others with investments or asset management 0.00 0.00 0.00 N/A Asset impairment provisions due to acts of God such as natural disasters 0.00 0.00 0.00 N/A Profit/loss on debt restructuring 0.00 0.00 0.00 N/A

35、 Restructuring costs in staff arrangement,integration,etc.0.00 0.00 0.00 N/A BOE Technology Group Co.,Ltd.Annual Report 2016 9 Profit/loss on the part over the fair value due to transactions with distinctly unfair prices 0.00 0.00 0.00 N/A Net Reporting Period profit/loss on subsidiaries acquired th

36、rough business mergers under the same control from the period-beginning to merger dates 0.00 0.00 0.00 N/A Profit/loss on contingencies irrelevant to the Companys routine business activities 0.00 0.00 0.00 N/A Profit/loss on fair value changes of transactional financial assets and liabilities&invest

37、ment income from disposal of transactional financial assets and liabilities as well as financial assets available for sale,except for effective hedges related to routine operations of the Company 149,197,609.00 173,197,708.00 6,113,418.00 N/A Impairment provision reversal for accounts receivable on

38、which the impairment test is carried out separately 24,547,083.00 4,535,849.00 5,583,021.00 N/A Profit/loss on entrusted loans 0.00 0.00 0.00 N/A Profit/loss on fair value changes in investing properties of which the subsequent measurement is carried out adopting the fair value method 0.00 0.00 0.00

39、 N/A Effect on Reporting Period profit/loss when a one-off adjustment is made to Reporting Period profit/loss according to requirements of taxation,accounting and other relevant laws and regulations 0.00 0.00 0.00 N/A Custody fee income when entrusted with operations 0.00 0.00 0.00 N/A Non-operating

40、 income and expense other than the above 40,206,943.00 22,787,015.00 43,217,737.00 N/A Other profit/loss that meet the definition of exceptional profit/loss 0.00 0.00-4,190,740.00 N/A Less:Corporate income tax 305,399,453.00 185,320,551.00 119,985,837.00 N/A Minority interests(after tax)11,520,930.0

41、0 29,658,851.00 21,539,124.00 N/A Total 1,870,036,796.00 1,022,455,655.00 734,262,187.00-Explanation of why the Company classified an item as exceptional profit/loss according to the definition in the Explanatory Announcement No.1 on Information Disclosure for Companies Offering Their Securities to

42、the PublicExceptional Profit and Loss,or reclassified any exceptional profit/loss item given as an example in the said explanatory announcement to recurrent profit/loss Applicable Not applicable No such cases in this Reporting Period.BOE Technology Group Co.,Ltd.Annual Report 2016 10 Section III Bus

43、iness Profile I Main business scope for this Reporting Period Is the Company subject to any disclosure requirements for special industries?No.BOE Technology Group Co.,Ltd.(BOE)was established in April 1993.Its core business includes display devices,intelligent systems and health services.1.Display b

44、usiness group As a leader in semi-conductor display innovation and development,the Company is trying to strengthen the core technology through transformation in technology,product design and application so as to create more value.It is committed to the development,production and marketing of TFT-LCD

45、,AMOLED,virtual display,etc.Currently,it mainly provides display screens and thin film transistors for mobile phones,tablet PCs,laptops,displayers,TVs,vehicles,wearable devices,industrial control,medical care,as well as tiled and transparent display screens.2.Smart business group Following the main

46、line of“the Internet of Things and artificial intelligence”,the Company is building four business sub-divisions,namely intelligent manufacturing,intelligent display systems,intelligent vehicle display systems,and intelligent energy systems.At present,it mainly provides,for its global partners,the mo

47、st competitive ODM,OEM and customized intelligent manufacturing services of complete machines,backlight units,etc.,as well as specialized Internet of Things solutions for intelligent display and banking,vehicle-mounted units,intelligent energy systems,etc.3.Health business group With“information med

48、icine and big data”as the basic features,the Company is building a health service system covering mobile health services,O2O medical services,regenerative medicine,medicine integration,health service centers and health insurance.II Significant changes in main assets 1.Significant changes in main ass

49、ets Main assets Reason for any significant change Equity assets No changes Fixed assets No changes Intangible assets No changes Construction in progress New construction and equipment procurement increased in this Reporting Period 2.Main assets overseas Applicable Not applicable BOE Technology Group

50、 Co.,Ltd.Annual Report 2016 11 III Core competitiveness analysis Is the Company subject to any disclosure requirements for special industries?No.1.The Company firmly promoted and implemented DSH business strategy,rapidly formed the layout of new business area,consolidated businesses and improved glo