京东方B：2024年半年度报告摘要(英文版)
Stock Code: 000725, 200725 Stock Name: BOE-A, BOE-B Announcement No. 2024-050
BOE TECHNOLOGY GROUP CO., LTD.INTERIM REPORT 2024 (SUMMARY)
Part I Important Notes
This Summary is based on the full Interim Report of BOE Technology Group Co., Ltd. (together with its consolidated subsidiaries,the “Company”, except where the context otherwise requires). In order for a full understanding of the Company’s operating results,financial condition and future development plans, investors should carefully read the aforesaid full report, which has been disclosedtogether with this Summary on the media designated by the China Securities Regulatory Commission (the “CSRC”).All the Company’s directors have attended the Board meeting for the review of this Report and its summary.Independent auditor’s modified opinion:
□ Applicable ? Not applicable
Board-approved interim cash and/or stock dividend plan for ordinary shareholders:
□ Applicable ? Not applicable
The Company has no interim dividend plan, either in the form of cash or stock.Board-approved interim cash and/or stock dividend plan for preferred shareholders:
□ Applicable ? Not applicable
This Report and its summary have been prepared in both Chinese and English. Should there be any discrepancies ormisunderstandings between the two versions, the Chinese versions shall prevail.
Part II Key Corporate Information
1. Stock Profile
| Stock name | BOE-A, BOE-B | Stock code | 000725, 200725 | |
| Stock exchange for stock listing | Shenzhen Stock Exchange | |||
| Changed stock name (if any) | N/A | |||
| Contact information | Board Secretary | Securities Representative | ||
| Name | Liu Hongfeng | Luo Wenjie | ||
| Office address | 12 Xihuan Middle Road, Beijing Economic-Technological Development Area, P.R.China | 12 Xihuan Middle Road, Beijing Economic-Technological Development Area, P.R.China | ||
| Tel. | 010-64318888 ext. | 010-64318888 ext. | ||
| E-mail address | liuhongfeng@boe.com.cn | luowenjie@boe.com.cn | ||
2. Key Financial Information
Indicate by tick mark whether there is any retrospectively restated datum in the table below.
□ Yes ? No
| Item | H1 2024 | H1 2023 | Change (%) |
| Operating revenue (RMB) | 93,386,241,632.00 | 80,177,875,220.00 | 16.47% |
| Net profit attributable to the listed company’s shareholders (RMB) | 2,284,051,354.00 | 735,809,609.00 | 210.41% |
| Net profit attributable to the listed company’s shareholders before exceptional gains and losses (RMB) | 1,613,403,381.00 | -1,584,440,291.00 | 201.83% |
| Net cash generated from/used in operating activities (RMB) | 24,878,969,292.00 | 16,243,669,123.00 | 53.16% |
| Basic earnings per share (RMB/share) | 0.06 | 0.02 | 200.00% |
| Diluted earnings per share (RMB/share) | 0.06 | 0.02 | 200.00% |
| Weighted average return on equity (%) | 1.75% | 0.50% | 1.25% |
| Item | 30 June 2024 | 31 December 2023 | Change (%) |
| Total assets (RMB) | 422,367,862,387.00 | 419,187,099,795.00 | 0.76% |
| Equity attributable to the listed company’s shareholders (RMB) | 130,834,067,578.00 | 129,428,307,067.00 | 1.09% |
3. Shareholders and Their Holdings as at the End of the Reporting Period
Unit: share
| Number of ordinary shareholders at the period-end | 1,134,173 (including 1,102,840 A-shareholders and 31,333 B-shareholders) | |||||
| Top 10 shareholders (exclusive of shares lent in refinancing) | ||||||
| Name of shareholder | Nature of shareholder | Shareholding percentage | Number of shares | Restricted shares | Shares in pledge, marked or frozen | |
| Status | Shares | |||||
| Beijing State-owned Capital Operation and Management Company Limited | State-owned legal person | 10.79% | 4,063,333,333 | 0 | N/A | 0 |
| Hong Kong Securities Clearing Company Ltd. | Foreign legal person | 8.01% | 3,015,216,738 | 0 | N/A | 0 |
| Beijing BOE Investment & Development Co., Ltd. | State-owned legal person | 2.18% | 822,092,180 | 0 | N/A | 0 |
| Beijing Jing Guorui Soe Reform and Development Fund (L.P.) | Other | 1.91% | 718,132,854 | 0 | N/A | 0 |
| Hefei Jianxiang Investment Co., Ltd. | State-owned legal person | 1.77% | 666,195,772 | 0 | N/A | 0 |
| Fuqing Huirong Venture Capital Co., Ltd. | Domestic non-state-owned legal person | 1.43% | 538,599,640 | 0 | In pledge | 15,000,000 |
| Industrial and Commercial Bank of China Co., Ltd.- Huatai-Pinebridge CSI 300 Exchange-Traded Fund | Other | 1.16% | 436,417,047 | 0 | N/A | 0 |
| Perseverance Asset Management- | Other | 0.94% | 352,999,919 | 0 | N/A | 0 |
| Perseverance Xiaofeng No.2 Zhixin Fund | ||||||
| Ningxia Risheng High-tech Industry Co., Ltd. | Domestic non-state-owned legal person | 0.88% | 331,487,366 | 0 | N/A | 0 |
| FOTIC-Foreign Trade Trust- Perseverance Xiaofeng Hongyuan Assembled Fund Trust Plan | Other | 0.88% | 329,988,907 | 0 | N/A | 0 |
| Related or acting-in-concert parties among the shareholders above | 1. 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. 2. Except for the above relationships, the Company does not know any other connected party or acting-in-concert party among the top 10 shareholders. | |||||
| Shareholders involved in securities margin trading (if any) | 1. Shareholder Ningxia Risheng High-tech Industry Co., Ltd. totally held 331,487,366 shares in the Company via the customer credit transactions secured securities account in Orient Securities Co., Ltd. 2. Except for the aforesaid, as of the end of the Reporting Period, no shareholder among the top-10 ordinary shareholders of the Company was involved in securities refinancing. | |||||
5% or greater shareholders, top 10 shareholders and Top 10 unrestricted shareholders involved in refinancing shares lending? Applicable □ Not applicable
Unit: share
| 5% or greater shareholders, top 10 shareholders and Top 10 unrestricted shareholders involved in refinancing shares lending | ||||||||
| Full name of shareholder | Shares in the common account and credit account at the period-begin | Shares lent in refinancing and not yet returned at the period-begin | Shares in the common account and credit account at the period-end | Shares lent in refinancing and not yet returned at the period-end | ||||
| Total shares | As % of total share capital | Total shares | As % of total share capital | Total shares | As % of total share capital | Total shares | As % of total share capital | |
| Fuqing Huirong Venture Capital Co., Ltd. | 535,302,540 | 1.42% | 3,297,100 | 0.01% | 538,599,640 | 1.43% | 0 | 0.00% |
| Industrial and Commercial Bank of China Co., Ltd.- Huatai-Pinebridge CSI 300 Exchange-Traded Fund | 279,619,047 | 0.74% | 140,700 | 0.00% | 436,417,047 | 1.16% | 0 | 0.00% |
Changes in top 10 shareholders and top 10 unrestricted shareholders due to refinancing shares lending/return compared with theprior period
□Applicable ? Not applicable
4. Change of the Controlling Shareholder or the Actual Controller in the Reporting PeriodChange of the controlling shareholder in the Reporting Period:
□ Applicable ? Not applicable
The controlling shareholder remained the same in the Reporting Period.Change of the actual controller in the Reporting Period:
□ Applicable ? Not applicable
The actual controller remained the same in the Reporting Period.
5. Number of Preferred Shareholders and Shareholdings of Top 10 of Them
□ Applicable ? Not applicable
No preferred shareholders in the Reporting Period.
6. Outstanding Bonds at the Date when this Report Was Authorized for Issue? Applicable □ Not applicable
(1) Bond Profile
| Bond name | Abbr. | Bond code | Date of issue | Maturity | Balance (RMB’0,000) | Coupon rate |
| 2022 Public Offering of Renewable Corporate Bonds of BOE (for professional investors) (Digital Economy) (Phase I) | 22BOEY1 | 149861 | 24 March 2022 | 25 March 2025 | 200,000 | 3.50% |
(2) Relevant Financial Information as of the End of the Reporting Period
Unit: RMB'0,000
| Item | 30 June 2024 | 31 December 2023 |
| Debt/asset ratio | 52.52% | 52.81% |
| Item | H1 2024 | H1 2023 |
| EBITDA-to-interest cover (times) | 10.69 | 8.24 |
Part III Significant Events
1. On 18 October 2019, the Company disclosed the Announcement on the Company’s Application for CSRC’s Approval for itsPublic Issue of Renewable Corporate Bonds (Announcement No. 2019-052), and the Company received the No. [2019] 1801Approval from CSRC. Based on the approval, the Company could publicly issue the renewable corporate bonds with the nominalvalue no more than RMB30 billion to qualified investors. The bond outstanding as of the disclosure date of this Report is asfollows:
| Bond name | Abbr. | Bond code | Date of issue | Maturity |
| 2022 Public Offering of Renewable Corporate Bonds of BOE (for professional investors) (Digital Economy) (Phase I) | 22BOEY1 | 149861 | 24 March 2022 | 25 March 2025 |
The Company disclosed 2024 "22BOEY1" Interest Payment Announcement (Announcement No. 2024-005) on 21 March 2024.The interest payment plan was RMB35.00 (including tax) every ten bonds.
2. On 2 April 2024, the Company disclosed the Announcement on the Election of Non-Independent Directors of the Tenth Sessionof the Board of Directors (Announcement No: 2024-018). On 27 April 2024, the Announcement of the Resolutions of the 2023Annual General Meeting was disclosed (Announcement No: 2024-023), where the Proposal on the Election of Non-IndependentDirectors of the Tenth Session of the Board of Directors was deliberated and approved. Mr. Feng Qiang, Mr. Zhu Baocheng, andMr. Wang Xiping were elected as non-independent directors of the Tenth Board of Directors. On 28 May 2024, the Companydisclosed the Announcement of the Resolutions of the Thirtieth Meeting of the Tenth Board of Directors (Announcement No: 2024-028). The Proposal on the Election of Vice Chairman of the Tenth Board of Directors was deliberated and approved, where Mr.
Feng Qiang and Mr. Zhu Baocheng were elected as the Vice Chairmen of the Tenth Board of Directors. On 13 June 2024, theCompany disclosed the Announcement of the Resignation of Supervisor (Announcement No: 2024-031). Mr. Sun Fuqingsubmitted his resignation as a supervisor of the Company due to work arrangement, and will not hold any position in the Companyafter his resignation. On 9 July 2024, the Company disclosed the Announcement of Resignation of Director (Announcement No:
2024-038). Mr. Zhu Baocheng submitted his resignation as a director and Vice Chairman of the Company due to workarrangement, and will not hold any position in the Company after his resignation. On 25 July 2024, the Company disclosed theAnnouncement of the Resolutions of the Thirty-Second Meeting of the Tenth Board of Directors (Announcement No: 2024-042).The Proposal on Adjusting the Composition of the Executive Committee and Appointing Senior Management Personnel wasdeliberated and approved. The current senior management member, Mr. Feng Qiang, was promoted from a member of theExecutive Committee and Executive Vice President to Vice Chairman of the Executive Committee. The Board of Directorsappointed Mr. Liu Zhiqiang as a member of the Executive Committee and Senior Vice President. On 25 July 2024, the Companydisclosed the Announcement of the Resolutions of the First Extraordinary General Meeting of 2024 (Announcement No: 2024-040). The Proposal on Electing Supervisors of the Tenth Board of Supervisors of the Company was deliberated and approved, withMr. Song Ligong elected as a supervisor of the Tenth Supervisory Board.
3. On 13 June 2024, the Company disclosed the Announcement No. 2024-030 on the Distribution of the 2023 Final Dividend. Asthe 2023 Final Dividend Plan had been approved at the 2023 Annual General Meeting on 26 April 2024, the Company distributeda 2023 final dividend of RMB0.3 per 10 shares (dividend to B-shareholders paid in HKD according to the central parity rate ofRMB and HKD declared by the People’s Bank of China on the first working day immediately after the date of the relevant generalmeeting resolution), with no bonus issue from either profit or capital reserves.
Chairman of the Board (signature): Mr. Chen Yanshun
Date of the Board’s approval of this Report: 26 August 2024