The Report for the First Quarter of 2016
April 2016
The Report for the First Quarter of 2016 of BOE Technology Group Co., Ltd.
Section I Important Statements
The Board of Directors, the Supervisory Committee, directors, supervisors and
senior management staff of BOE Technology Group Co., Ltd. (hereinafter
referred to as “the Company”) warrant that the contents carried in this report
are without any false record, misleading statement or material omission. And
they shall be severally and jointly liable for the authenticity, accuracy and
completeness.
Mr. Wang Dongsheng, company principal, Mr. Chen Yanshun, company
president, Ms. Sun Yun, chief of the accounting work, and Ms. Yang Xiaoping,
chief of the accounting organ (chief of accounting), hereby confirm that the
Financial Report enclosed in this report is factual, accurate and complete.
All directors have attended the board session for reviewing this report.
This report is prepared in both Chinese and English. Should there be any
understanding discrepancy between the two versions, the Chinese version shall
prevail.
The Report for the First Quarter of 2016 of BOE Technology Group Co., Ltd.
Section II Financial Results and Changes in Shareholders
I Financial results
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 January-March 2016 January-March 2015 +/-
Operating revenues (RMB) 12,297,738,830.00 11,582,854,379.00 6.17%
Net profit attributable to shareholders of the
108,325,454.00 978,140,971.00 -88.93%
Company (RMB)
Net profit attributable to shareholders of the
-1,356,749,356.00 880,748,144.00 -254.05%
Company after exceptional profit and loss (RMB)
Net operating cash flow (RMB) 2,767,654,463.00 2,302,553,649.00 20.20%
Basic earnings per share (RMB/share) 0.003 0.028 -89.29%
Diluted earnings per share (RMB/share) 0.003 0.028 -89.29%
Weighted average return on equity 0.14% 1.27% -1.13%
Item 31 March 2016 31 December 2015 +/-
Total assets (RMB) 162,807,233,819.00 152,592,894,442.00 6.69%
Net assets attributable to shareholders of the
77,552,636,290.00 77,485,275,564.00 0.09%
Company (RMB)
Exceptional profit and loss
√ Applicable □ Not applicable
Unit: RMB
Item January-March 2016 Note
Gains/losses on the disposal of non-current assets (including the
-178,441.00 -
offset part of asset impairment provisions)
Tax rebates, reductions or exemptions due to approval beyond
0.00 -
authority or the lack of official approval documents
Government grants recognized in the current period, except for
those acquired in the ordinary course of business or granted at
1,434,844,783.00 -
certain quotas or amounts according to the country’s unified
standards
Capital occupation charges on non-financial enterprises that
0.00 -
recorded into current gains and losses
Gains due to that the investment costs for the Company to obtain
0.00 -
subsidiaries, associates and joint ventures are lower than the
The Report for the First Quarter of 2016 of BOE Technology Group Co., Ltd.
enjoyable fair value of the identifiable net assets of the investees
when making the investments
Gain/loss on non-monetary asset swap 0.00 -
Gain/loss on entrusting others with investments or asset
0.00 -
management
Asset impairment provisions due to acts of God such as natural
0.00 -
disasters
Gain/loss on debt restructuring 0.00 -
Expenses for business reorganization, such as expenses for
0.00 -
staffing, reorganization etc.
Gain/loss on the part over the fair value due to transactions with
0.00 -
distinctly unfair prices
Current gains and losses of subsidies acquired from business
combination under the same control as from period-begin to 0.00 -
combination date
Gain/loss on contingent events irrelevant to the Company’s
0.00 -
normal business
Gains and losses on change in fair value from tradable financial
assets and tradable financial liabilities, as well as investment
income from disposal of tradable financial assets and tradable
37,683,600.00 -
financial liabilities and financial assets available for sales, except
for effective hedging related with normal businesses of the
Company
Reversal of impairment provisions for the accounts receivable on
0.00 -
which impairment tests were carried out separately
Gain/loss on external entrustment loans 0.00 -
Gain/loss on change of the fair value of investing real estate of
which the subsequent measurement is carried out adopting the fair 0.00 -
value method
Effect on current gains/losses when a one-off adjustment is made
to current gains/losses according to requirements of taxation, 0.00 -
accounting and other relevant laws and regulations
Custody fee income when entrusted with operation 0.00 -
Non-operating incomes and expenses other than the above 0.00 -
Other gain/loss items that meet the definition of an extraordinary
7,105,977.00 -
gain/loss
Less: Income tax effects 9,064,919.00
Minority interests effects (after tax) 5,316,190.00
Total 1,465,074,810.00 --
The Report for the First Quarter of 2016 of BOE Technology Group Co., Ltd.
Explain the reasons if the Company classifies 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 the Public—Exceptional Profit and Loss,
or classifies any exceptional profit/loss item mentioned in the said explanatory announcement as recurrent profit/loss
□ Applicable √ Not applicable
No such cases in the Reporting Period.
II Total number of shareholders at the period-end and shareholdings of top ten shareholders
1. Numbers of common shareholders and preference shareholders with resumed voting rights as well as
shareholdings of top ten shareholders
Unit: share
Total number of common
1,455,885 (including: 1,408,069 A-shareholders and 47,816 B-shareholders)
shareholders at the period-end
Shareholdings of top ten shareholders
Shareholding Number of Pledged or frozen shares
Nature of Number of
Name of shareholder percentage restricted shares Status of Number of
shareholder shares held
(%) held shares shares
Beijing State-owned Capital State-owned
11.56% 4,063,333,333
Management Center Corporation
Chongqing Capital Photoelectricity State-owned 955,000,00
8.53% 3,000,000,000 Pledged
Investment Co., Ltd. Corporation
State-owned
Hefei Jianxiang Investment Co., Ltd. 8.13% 2,857,142,857
Corporation
Hua An Fund – ICBC - Zhongrong
International Trust – Zhongrong - RJ Other 4.45% 1,564,126,904
No. 1 Assembled Funds Trust Plan
China Securities Finance Corporation
Other 2.49% 876,935,991
Limited
Beijing BOE Investment & State-owned
2.34% 822,092,180
Development Co., Ltd. Corporation
Beijing Economic-Technological State-owned
1.93% 677,423,641
Investment & Development Corp. Corporation
Hefei Raycom Projects Investment State-owned
1.92% 675,026,803
Co., Ltd. Corporation
Beijing BDA Technological
Other 1.60% 564,000,000
Investment Development Co., Ltd.
Beijing Electronics Holdings Co., Ltd. Nation 0.78% 273,735,583
Shareholdings of top ten non-restricted shareholders
The Report for the First Quarter of 2016 of BOE Technology Group Co., Ltd.
Variety of shares
Name of shareholder Number of non-restricted shares held
Variety Number
Hua An Fund – ICBC - Zhongrong International
RMB ordinary
Trust - Zhongrong - RJ No. 1 Assembled Funds 1,564,126,904 1,564,126,904
shares
Trust Plan
RMB ordinary
China Securities Finance Corporation Limited 876,935,991 876,935,991
shares
Beijing BOE Investment & Development Co., RMB ordinary
822,092,180 822,092,180
Ltd. shares
Beijing Economic-Technological Investment & RMB ordinary
677,423,641 677,423,641
Development Corp. shares
RMB ordinary
Hefei Raycom Projects Investment Co., Ltd. 675,026,803 675,026,803
shares
Beijing BDA Technological Investment RMB ordinary
564,000,000 564,000,000
Development Co., Ltd. shares
RMB ordinary
Beijing Electronics Holdings Co., Ltd. 273,735,583 273,735,583
shares
RMB ordinary
Central Huijin Investment Ltd. 248,305,300 248,305,300
shares
Chongqing Jiangbeizui CBD Investment Group RMB ordinary
107,095,238 107,095,238
Co., Ltd. shares
Sinotrans Air Transportation Development Co., RMB ordinary
78,200,000 78,200,000
Ltd. shares
1. Beijing State-owned Capital Management Center held 100% equities of Beijing
Electronics Holdings Co., Ltd..
2. Beijing Electronics Holdings Co., Ltd. held 66.25% shares of Beijing BOE
Investment & Development Co., Ltd., which was the controlling shareholder of
the latter.
3. Beijing Economic-Technological Investment & Development Corp. held 49%
shares of Beijing BDA Technological Investment Development Co., Ltd., the
Explanation on associated relationship or above mentioned companies were both controlled by the Beijing Economic -
persons acting in concert among the Technological Development Area Administration Committee and were the persons
above-mentioned shareholders acting in concert
4. When the Company completed private offering of shares in 2014, Hefei
Jianxiang Investment Co., Ltd., Chongqing Ezcapital Opto-electronics Industry
Investment Co., Ltd. maintained unanimous according to the declaration of
intention from Beijing BOE Investment & Development Co., Ltd. when executing
the voting rights of the shareholders of the Company through the agreement of the
Voting Rights Exercising Agreement
5. When the Company completed private offering of shares in 2014, Beijing
The Report for the First Quarter of 2016 of BOE Technology Group Co., Ltd.
State-owned Capital Operation and Management Center transferred the 70%
shares directly held to Beijing Electronic Shareholding Co., Ltd. for managing
through Shares Management Protocol, and Beijing Electronic Shareholding Co.,
Ltd. acquired the shareholders rights except for the disposition rights and equity
rights attached to the equities; Beijing State-owned Capital Operation and
Management Center maintained its voting rights of the rest 30% equity directly
held by itself in accordance with Beijing Electronic Shareholding Co., Ltd.
through the agreement of the Voting Rights Exercising Agreement.
6. Except for relationship among the above shareholders, the Company is not
aware of whether the other top ten shareholders exist associated relationship or
not, or they are persons acting in concert or not.
Top ten common shareholders conducting
N/A
securities margin trading (if any)
Did any of the top ten common shareholders or the top ten non-restricted common shareholders of the Company conduct any
promissory repo during the Reporting Period?
□ Yea √ No
No such cases in the Reporting Period.
2. Total number of preference shareholders and shareholdings of the top ten of them
□ Applicable √ Not applicable
