京东方Ｂ：2020年半年度报告（英文版）

INTERIM REPORT 2020

August 2020

Part I Important Notes, Table of Contents and DefinitionsThe 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 referredto as the “Company”) hereby guarantee the factuality, accuracy and completeness of thecontents of this Report and its summary, and shall be jointly and severally liable for anymisrepresentations, misleading statements or material omissions therein.Mr. Chen Yanshun, the Company’s legal representative, Mr. Liu Xiaodong, President, Ms.Sun Yun, Chief Financial Officer, and Ms. Yang Xiaoping, head of the financial department(equivalent to financial manager) hereby guarantee that the Financial Statements carried inthis Report are factual, accurate and complete.All the directors of the Company except for the following attended in person the Boardmeeting for the review of this Report and its summary.

Name	Office title	Reason for not attending the meeting in person	Proxy entrusted to attend the meeting
Pan Jinfeng	Director	Due to work	Li Yantao
Wang Chenyang	Director	Due to work	Li Yantao

The Company has no interim dividend plan, either in the form of cash or stock.Any plans for the future, development strategies and other forward-looking statementsmentioned in this Report and its summary shall NOT be considered as absolute promises ofthe Company to investors. Therefore, investors are reminded to exercise caution when makinginvestment decisions. For further information, see “X Risks Facing the Company andCountermeasures” in Part IV herein.This Report has been prepared as per the Chinese Accounting Standards for BusinessEnterprises and other relevant regulations.This Report and its summary have been prepared in both Chinese and English. Should therebe any discrepancies or misunderstandings between the two versions, the Chinese versionsshall prevail.

Table of Contents

Part I Important Notes, Table of Contents and Definitions ...... 2

Part II Corporate Information and Key Financial Information ...... 5

Part III Business Summary ...... 9

Part IV Operating Performance Discussion and Analysis ...... 12

Part V Significant Events ...... 24

Part VI Share Changes and Shareholder Information ...... 44

Part VII Preferred Shares ...... 51

Part VIII Convertible Corporate Bonds ...... 52

Part IX Directors, Supervisors and Senior Management ...... 53

Part X Corporate Bonds ...... 56

Part XI Financial Statements ...... 62

Part XII Documents Available for Reference ...... 227

Definitions

Term	Definition
“BOE”, the “Company”, the “Group” or “we”	BOE Technology Group Co., Ltd. and its consolidated subsidiaries, except where the context otherwise requires
The cninfo website	http://www.cninfo.com.cn/
CSRC	The China Securities Regulatory Commission
SZSE, the Stock Exchange	The Shenzhen Stock Exchange
OASIS Hospital	OASIS International Hospital
Microdisplay	Microdisplay technology
AMOLED	Active-matrix Organic Light Emitting Diode
OLED	Organic Light Emitting Diode
VR/AR	Virtual Reality /Augmented Reality
IoT	Internet of Things
LCD	Liquid Crystal Display
ITU	International Telecommunication Union
ICT	Information and Communication Technology
OEE	Overall Equipment Effectiveness
MRP	Material Requirement Planning
C-end	Customer-end
B-end	Business-end
Oxide	Oxide TFT for display panels
IEEE Circuits and Systems Magazine	Institute of Electrical and Electronics Engineers：Circuits and Systems Magazine
SID	The Society for Information Display
DIA	Display Industry Awards
OEE system	Overall Equipment Effectiveness system
PNL	Panel
IC	Integrated Circuit
Postpartum recovery	One of the segment markets of OASIS Hospital’s healthcare services
LOS	Length of stay of patients, ending on the discharge date

Part II Corporate Information and Key Financial InformationI 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.
Abbr. (if any)	BOE
Legal representative	Chen Yanshun

II Contact Information

Item	Board Secretary	Securities Representative
Name	Liu Hongfeng	Huang Rong
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.
Fax	010－64366264	010－64366264
Email address	[e-mail]	[e-mail]

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 andemail address 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 2019 Annual Report.

2. Media for Information Disclosure and Place where this Report is LodgedIndicate by tick mark whether any change occurred to the information disclosure media and the place for keeping the Company’s

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 theCompany’s periodic reports and the place for keeping such reports did not change in the Reporting Period. The said information canbe found in the 2019 Annual Report.IV Key Financial InformationIndicate by tick mark whether there is any retrospectively restated datum in the table below.

□ Yes √ No

Item	H1 2020	H1 2019	Change (%)
Operating revenue (RMB)	60,867,073,506.00	55,039,208,687.00	10.59%
Net profit attributable to the listed company’s shareholders (RMB)	1,135,450,325.00	1,668,448,449.00	-31.95%
Net profit attributable to the listed company’s shareholders before exceptional gains and losses (RMB)	-176,328,585.00	651,490,434.00	-127.07%
Net cash generated from/used in operating activities (RMB)	9,716,675,534.00	11,594,984,349.00	-16.20%
Basic earnings per share (RMB/share)	0.026	0.048	-45.83%
Diluted earnings per share (RMB/share)	0.026	0.048	-45.83%
Weighted average return on equity (%)	1.05%	1.92%	-0.87%
Item	30 June 2020	31 December 2019	Change (%)
Total assets (RMB)	350,733,841,254.00	340,412,203,308.00	3.03%
Equity attributable to the listed company’s shareholders (RMB)	101,672,532,467.00	95,058,129,055.00	6.96%

V Accounting Data Differences under China’s Accounting Standards for Business Enterprises(CAS) and International Financial Reporting Standards (IFRS) and Foreign AccountingStandards

1. Net Profit and Net Asset Differences under CAS and IFRS

□ Applicable √ Not applicable

No such differences for the Reporting Period.

2. Net Profit and Net Asset Differences under CAS and Foreign Accounting Standards

□ Applicable √ Not applicable

No such differences for the Reporting Period.

XI Exceptional Gains and Losses

√ Applicable □ Not applicable

Unit: RMB

Item	Amount	Note
Gain or loss on disposal of non-current assets (inclusive of impairment allowance write-offs)	-695,424.00	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 given in the Company’s ordinary course of business at fixed quotas or amounts as per the government’s uniform standards)	1,522,116,110.00	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, associates and joint ventures are lower than the Company’s 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 for 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
Current 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 Company’s ordinary course of business	0.00	N/A
Gain or loss on fair-value changes in trading and derivative financial assets and liabilities & income from disposal of trading and derivative financial assets and liabilities and other investments in debt obligations (exclusive of the effective portion of hedges that arise in the Company’s ordinary course of business)	33,849,440.00	N/A
Reversed portions of impairment allowances for accounts receivable and contract assets which are tested individually for impairment	5,668,198.00	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 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	30,568,620.00	N/A
Other gains and losses that meet the definition of exceptional gain/loss	0.00	N/A
Less: Income tax effects	63,531,411.00	N/A
Non-controlling interests effects (net of tax)	216,196,623.00	N/A
Total	1,311,778,910.00	--

Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item defined or listed in the ExplanatoryAnnouncement No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Exceptional Gain/LossItems:

□ Applicable √ Not applicable

No such cases for the Reporting Period.

Part III Business SummaryI Principal Activity of the Company in the Reporting Period

Founded in April 1993, BOE Technology Group Co., Ltd. (“BOE”) is an IoT company providing intelligent interface products andservices for information interaction and human health. In 2020, BOE adhered to its strategy of transforming further towards an IoTcompany. It kept promoting transformation and growth, tapping into IoT application needs and sharpening its competitive edges inmarket segments. Working with the B2B Chief Sales Platform Officer, the OMO Chief Sales Platform Officer, the Branding andGlobal Market Center, the Information Technology Development Center, and other professional service platforms, the three majorbusiness divisions of interface devices (D), smart IoT (S) and smart medicine and engineering (H) continued to enhance marketing,technological and systematic abilities and promote fast growth.

1. Interface Devices (D)

Division D consists of the Display and Sensor BG, and the Sensor and Application Solution BG. The Display and Sensor BG designsand manufactures related devices with a B2B model. The display device business offers TFT-LCD, AMOLED, Microdisplay andother intelligent interface devices for smartphones, tablet PCs, laptops, monitors, TVs, vehicles, electronic shelf label (ESL), videowall, industrial control, wearable devices, VR/AR devices, home care, interactive whiteboards, etc. And the sensor device businessprovides integrated design and manufacturing services of sensor devices for use in medical detection, communication andtransportation, smart homes, etc. The Sensor and Application Solution BG provides sensor system solutions for B2B customers ofmedical imaging, biological detection, smart screens, microwave communication, fingerprint identification and the like, withproducts including flat panel X-ray detectors (FPXD), digital microfluidic chips, LCD PDLC windows, new-type LCD antenna,fingerprint identification systems, etc.

2. Smart IoT (S)

Division S is divided into the Intelligent Manufacturing Service BG, the Smart System Innovation BG and the Digital Art IoTPlatform BG. The Intelligent Manufacturing Service BG designs and manufactures, for its global B2B partners, the most competitivewhole-widget smart manufacturing solutions of TVs, monitors, electronic blackboards, electronic signages, commercial displayproducts, ESL, self-service and mobile terminals, among others. Supported by AI and big data technologies, the Smart SystemInnovation BG focuses on software-hardware-integrated products and services and offers integrated IoT solutions of smartgovernments, smart cities, smart transportation, smart finance, smart education, smart industrial parks and smart energy. Supportedby the anti-dazzle, flicker-free, low blue ray, no-damaging gamma, smart light sensing and other paper-like eye-friendly technologiesand the digital cultural data platform, the Digital Art IoT Platform BG offers C-end users paper-like eye-friendly display systemproducts and content in respect of at-home aesthetics, online education, smart reading, entertainment and offices, and offers B-endusers products and solutions in respect of smart education, smart cultural tourism, smart party education, smart exhibition, etc.

3. Smart Medicine and Engineering (H)

Division H includes the Mobile Healthcare IoT Platform BG and the Smart Healthcare Service BG. The Mobile Healthcare IoTPlatform BG adopts a healthcare IoT platform model. It offers biochips, mobile detection devices and solutions, App products andservices, eco-chain products, etc. Being people-oriented, it provides mobile healthcare terminals and services based on the home,community and hospital scenarios. It is building a healthcare IoT platform featuring “family, community and hospital collaboration”.The Smart Healthcare Service BG covers digital hospitals, regenerative medicine, healthcare parks, etc. It offers B2C customersonline-and-offline integrated professional healthcare services focused on digital medical care and supplemented by smart nursinghome and healthcare park integrated solutions, as well as by industrial park operations and the like.

II Significant Changes in Major Assets

1. Significant Changes in Major Assets

Major assets	Main reason for significant changes
Equity assets	N/A
Fixed assets	N/A
Intangible assets	N/A
Construction in progress	N/A

2. Major Assets Overseas

□ Applicable √ Not applicable

III Core Competitiveness Analysis

1. Steadily improved market position

Interface Devices: In the macro context when COVID-19 swept around the world and the industrial market size saw an overalldecline, the Company’s shipment of display devices increased by over 15% year-on-year, with the shipment size growing by over10%. The market share of sales of smart phone LCD, tablet PC display screen, notebook computer display screen, display monitorand TV display continued its first ranking status. Breakthroughs were continuously made in high-end products, including a growth ofmore than 15 times in the sales volume of 8K HD products compared with the previous period and a growth of more than 10 timesyear-on-year in the sales volume of Oxide notebook computer display screens. The sales volume of innovative application productsregistered a year-on-year growth of more than 60%, with double growth in the shipping area; the market share of electronic signage,wearable and ESL ranked the top globally. The Sensor and Application Solution BG realized fast growth; the sales volume ofmedical image sensor rose by double, with high-performance products accounting for nearly 30%.Smart IoT: In the Company’s intelligent manufacturing service division, the sales volume of whole TV devices in China increased byover 70% year-on-year, and that of large-sized products of above 65 inches rose by over 50% year-on-year; the sales volume of ESLgrew by over 70%. In the digital art division, active steps were taken to develop community marketing to counter the impact ofCOVID-19 on the business of offline stores, leading to a year-on-year growth of more than 75% in the sales volume; the monthlyactive user rates of iGallery and Funbook products were more than 70% and 80% respectively, representing substantial increase incustomer stickiness.Smart Medicine and Engineering: In the mobile health division, products of the first biochip that was independently developed andput into mass production were shipped; contracts were signed for the implementation of four solutions, including the SmartEmergency, the Smart Health Care Community, the Smart Public Health and Physical Examination and the chronic respiratorydisease management; the number of new members of mobile health Apps and that of monthly active users increased considerably,with the number of monthly active users reaching nearly 100,000. The health service provider OASIS Hospital continued to improveits characteristic medical service quality, with the inpatient bed-days of post-natal rehabilitation increasing by more than 75%day-on-day; Hefei BOE Hospital reached a new high in the number of outpatient visits.

2. Continuously improved independent innovation

The Company has made continuous improvement in its capacity to obtain patents globally. In the first half year of 2020, applications

were made for 4,876 new patents, including more than 2,400 patents in important areas, such as OLED, sensing, artificial intelligenceand big data; the number of new patent licensing cases increased by 3,100, including more than 1,300 patents licensed overseas;applications were made for more than 60,000 proprietary patents, with over 30,000 patents licensed. In terms of technical standards,the Company led the establishment and revision of 33 external standards; the research findings of IoT time synchronizationtechnology were published on the international top journal IEEE Circuits and Systems Magazine.New breakthroughs were made in technology application and innovation. The TV 65-inch BD Cell won the SID DIA of 2020 (thefirst time that a Chinese enterprise has won this award); the independently developed masked-face recognition ranked industrial topin terms of both its algorithm accuracy and customer statistics recognition accuracy; the 8K UHD integrated solution with proprietarysoftware coding and decoding technology reached the industrial leading level; the Company’s contesting team won the globalchampionship in the event extraction task in the 2020 Language and Intelligence Challenge; the “Health Analysis of Brain” medicalreport based on the big data of health and medical care featured an accuracy of 90%; the independently developed 3D BodyAppearance Deformation Algorithm realized the dynamic visualization of human body.

3. Leading delicacy management level and operation efficiency

The Company continued to improve its operation mechanism, promote concentrated and large-scale development of products anddrive the efficacy enhancement of production lines. Through the OEE management system, it continued to optimize bottleneckprocesses, leading to substantial increase in PNL production capacity and the single line production capacity of multi-chip modules;the Gen-8.5 LCD production line in Beijing reached a new high for product yield; the Gen-8.5 LCD production line in Chongqingcontinued to produce compact-sized products with further increase in production level; the Gen-10.5 LCD production line in Hefeireached a new high in the input of base plates per month; construction works for Life Science and Technology Industry Base inBeijing were officially commenced in June; the main body of the hospital in Chengdu passed the inspection for acceptance. With thecustomers’ delivery value chain as the core, the Company endeavors to drive the full life cycle and continuously promotes theupgrading towards digital operation through the dual driving forces of value chain and data chain.

Part IV Operating Performance Discussion and AnalysisI Overview

Since the first half of 2020, the industrial chain of semiconductor has taken a hit from the spread of the COVID-19 pandemic acrossthe world and has seen a shrinking market size. Together with the hardship caused by the China-U.S. trade frictions on the globaleconomy, the Company is in face of tough challenges. However, on the other side of the coin, the “new infrastructure” policy putforward by the government provides digital power for industrial development, which will accelerate the integration of 5G, AI andother new technologies and traditional industries, thus resulting in a new round of economic growth. In this respect, the Company ispositioned to embrace new opportunities in its transformation and development. With the co-existence of challenges andopportunities, the Company adhered to the transformation towards an IoT company, actively seized development opportunities,strengthened risk prediction, adjusted internal strategies in a timely manner and refined its product mix. As a result, great progresshas been made in multiple areas including innovative application, sensors, smart IoT and smart medicine and engineering. Thestrategy of transformation towards IoT has been carried out in a successful and steady manner. Overall, the Company managed toachieve stable growth in operating revenue against a shrinking market size. For the first half of 2020, the Company recordedoperating revenue of approximately RMB60.867 billion, up by around 10.59% year-on-year.

1. Joint development of D, S and H divisions

The Interface Devices BD (D)The shipment of display devices remained the world’s top, with an increase of more than 15% year-on-year. The shipments in thefive main application areas, including smart phone LCD, tablet PC display screen, notebook computer display screen, displaymonitor and TV display, continued its first ranking status. The global market leading position of the display division was furtherstrengthened. The sales volume of innovative application products registered a year-on-year growth of more than 60%, with doublegrowth in the shipping area; the market share of electronic signage, wearable and ESL ranked the top globally. The shipments insensor solutions and medical imaging divisions increased substantially year-on-year; in terms of the smart screens division, productdelivery was achieved in the maglev screen project under the key subject of “Advanced Rail Transit” in the Key Research andDevelopment Program of the Ministry of Science and Technology.The Smart IoT BD (S)The Company continued to improve its product mix in the division cluster of intelligent manufacturing services. The sales volume ofwhole TV devices in China increased by over 70% year-on-year, and that of large-sized products of above 65 inches rose by over 50%year-on-year; the sales volume of ESL grew by over 70%. In the division cluster of smart system innovation, smart bank solutionswere widely applied in the flagship store projects of various banks, covering more than 120 branches. The sales volume of digital artgrew by over 75%; the monthly active user rates of iGallery and Funbook products were more than 70% and 80% respectively,representing substantial increase in customer stickiness.The Smart Medicine and Engineering BD (H)In the mobile health division, products of the first biochip that was independently developed and put into mass production wereshipped; contracts were signed for the implementation of four solutions, including the Smart Emergency, the Smart Health CareCommunity, the Smart Public Health and Physical Examination and the chronic respiratory disease management; the number of newmembers of mobile health Apps and that of monthly active users increased considerably, with the number of monthly active usersreaching nearly 100,000. The health service provider OASIS Hospital continued to improve its characteristic medical service quality,with the inpatient bed-days of post-natal rehabilitation increasing by more than 75% day-on-day; Hefei BOE Hospital reached a newhigh in the number of outpatient visits. The Company actively engaged in supporting Hubei province and assisting in the local

anti-epidemic actions, with further enhancement in its professional service ability and industrial influence.

2. Further improvement in technology innovation ability

The Company has made continuous improvement in its capacity to obtain patents globally. In the first half year of 2020, applicationswere made for 4,876 new patents, including more than 2,400 patents in important areas, such as OLED, sensing, artificial intelligenceand big data; the number of new patent licensing cases increased by 3,100, including more than 1,300 patents licensed overseas;applications were made for more than 60,000 proprietary patents, with over 30,000 patents licensed. In terms of technical standards,the Company led the establishment and revision of 33 external standards; the research findings of IoT time synchronizationtechnology were published on the international top journal IEEE Circuits and Systems Magazine. New breakthroughs were made intechnology application and innovation. The TV 65-inch BD Cell won the SID DIA of 2020 (the first time that a Chinese enterprisehas won this award); the independently developed masked-face recognition ranked industrial top in terms of both its algorithmaccuracy and customer statistics recognition accuracy; the 8K UHD integrated solution with proprietary software coding anddecoding technology reached the industrial leading level; the Company’s contesting team won the global championship in the eventextraction task in the 2020 Language and Intelligence Challenge; the “Health Analysis of Brain” medical report based on the big dataof health and medical care featured an accuracy of 90%; the independently developed 3D Body Appearance Deformation Algorithmrealized the dynamic visualization of human body.II Analysis of Core Businesses

See “I Overview” above.Year-on-year changes in key financial data:

Unit: RMB

Item	H1 2020	H1 2019	Change (%)	Main reason for change
Operating revenue	60,867,073,506.00	55,039,208,687.00	10.59%	--
Cost of sales	51,269,591,109.00	45,812,333,231.00	11.91%	--
Selling expense	1,450,825,484.00	1,365,287,286.00	6.27%	--
Administrative expense	2,517,596,650.00	2,197,183,494.00	14.58%	--
Finance costs	1,204,359,858.00	1,166,753,372.00	3.22%	--
Income tax expense	495,807,024.00	673,775,041.00	-26.41%	--
R&D expense	3,924,151,095.00	3,893,611,519.00	0.78%	--
Net cash generated from/used in operating activities	9,716,675,534.00	11,594,984,349.00	-16.20%	--
Net cash generated from/used in investing activities	-14,576,688,249.00	-21,610,149,309.00	N/A	--
Net cash generated from/used in financing activities	5,848,629,767.00	6,881,107,844.00	-15.00%	--
Net increase in cash and cash equivalents	1,336,418,453.00	-3,107,362,959.00	N/A	--

Material changes to the profit structure or sources of the Company in the Reporting Period:

□ Applicable √ Not applicable

No such changes in the Reporting Period.Breakdown of operating revenue:

Unit: RMB

Item	H1 2020		H1 2019		Change (%)
	Operating revenue	As % of total operating revenue (%)	Operating revenue	As % of total operating revenue (%)
Total	60,867,073,506.00	100%	55,039,208,687.00	100%	10.59%
By operating division
Interface devices	56,368,855,803.00	92.61%	50,896,645,297.00	92.47%	10.75%
Smart IoT	7,792,957,007.00	12.80%	7,521,943,172.00	13.67%	3.60%
Smart medicine and engineering	704,620,573.00	1.16%	663,753,643.00	1.21%	6.16%
Others	1,460,813,017.00	2.40%	3,567,353,945.00	6.48%	-59.05%
Offset	-5,460,172,894.00	-8.97%	-7,610,487,370.00	-13.83%	-28.25%
By product category
Interface devices	56,368,855,803.00	92.61%	50,896,645,297.00	92.47%	10.75%
Smart IoT	7,792,957,007.00	12.80%	7,521,943,172.00	13.67%	3.60%
Smart medicine and engineering	704,620,573.00	1.16%	663,753,643.00	1.21%	6.16%
Others	1,460,813,017.00	2.40%	3,567,353,945.00	6.48%	-59.05%
Offset	-5,460,172,894.00	-8.97%	-7,610,487,370.00	-13.83%	-28.25%
By operating segment
Mainland China	31,943,329,146.00	52.48%	27,097,587,363.00	49.23%	17.88%
Other regions in Asia	23,316,786,200.00	38.31%	22,704,809,090.00	41.25%	2.70%
Europe	2,114,536,683.00	3.47%	2,405,571,859.00	4.37%	-12.10%
America	3,384,364,128.00	5.56%	2,722,205,077.00	4.95%	24.32%
Other regions	108,057,349.00	0.18%	109,035,298.00	0.20%	-0.90%

Operating division, product category or operating segment contributing over 10% of operating revenue or operating profit:

√ Applicable □ Not applicable

Unit: RMB

Item	Operating revenue	Cost of sales	Gross profit margin	YoY change in operating revenue (%)	YoY change in cost of sales (%)	YoY change in gross profit margin (%)
By operating division
Interface devices	56,368,855,803.00	48,601,770,494.00	13.78%	10.75%	13.09%	-1.78%

Smart IoT	7,792,957,007.00	6,777,065,805.00	13.04%	3.60%	-0.80%	3.86%
By product category
Interface devices	56,368,855,803.00	48,601,770,494.00	13.78%	10.75%	13.09%	-1.78%
Smart IoT	7,792,957,007.00	6,777,065,805.00	13.04%	3.60%	-0.80%	3.86%
By operating segment
Mainland China	31,943,329,146.00	27,273,367,077.00	14.62%	17.88%	21.48%	-2.53%
Other regions in Asia	23,316,786,200.00	19,192,875,770.00	17.69%	2.70%	2.84%	-0.11%

Core business data of the prior year restated according to the changed statistical caliber for the Reporting Period:

□ Applicable√ Not applicable

Reason for any over 30% YoY movements in the data above

□ Applicable √ Not applicable

III Analysis of Non-Core Businesses

√ Applicable □ Not applicable

Unit: RMB

Item	Amount	As % of profit before taxation	Source/Reason	Recurrent or not
Return on investment	15,141,467.00	2.46%	N/A	Not
Gain/loss on changes in fair value	19,723,299.00	3.20%	N/A	Not
Asset impairments	-1,643,281,210.00	-266.48%	Amount provided for inventory falling price impairment according to market conditions	Not
Non-operating income	52,193,491.00	8.46%	N/A	Not
Non-operating expense	32,759,545.00	5.31%	N/A	Not
Other income	1,525,518,015.00	247.39%	Governmental subsidies received in the Reporting Period	Not

IV Analysis of Assets and Liabilities

1. Material Changes in Asset Composition

Unit: RMB

Item	30 June 2020		30 June 2019		Change in percentage (%)	Reason for material change
	Amount	As % of total assets	Amount	As % of total assets

Monetary assets	56,664,936,805.00	16.16%	47,191,670,697.00	14.88%	1.28%	N/A
Accounts receivable	25,090,017,046.00	7.15%	19,267,673,050.00	6.08%	1.07%	Increase in amounts due from customers as operating revenue scaled
Inventories	16,802,992,439.00	4.79%	14,352,489,459.00	4.53%	0.26%	N/A
Investment property	1,218,525,163.00	0.35%	1,261,474,153.00	0.40%	-0.05%	N/A
Long-term equity investments	3,226,236,650.00	0.92%	2,625,460,926.00	0.83%	0.09%	N/A
Fixed assets	129,357,821,228.00	36.88%	128,481,365,480.00	40.52%	-3.64%	N/A
Construction in progress	87,865,177,206.00	25.05%	71,479,480,514.00	22.54%	2.51%	N/A
Short-term borrowings	3,905,000,000.00	1.11%	7,719,908,693.00	2.43%	-1.32%	N/A
Long-term borrowings	108,326,061,098.00	30.89%	107,924,953,091.00	34.04%	-3.15%	N/A
Accounts payable	27,004,911,428.00	7.70%	20,563,920,823.00	6.49%	1.21%	Increase in amounts due to a bigger business size
Current portion of non-current liabilities	19,535,765,418.00	5.57%	7,282,992,933.00	2.30%	3.27%	Transfer from long-term borrowings

2. Assets and Liabilities at Fair Value

√ Applicable □ Not applicable

Unit: RMB

Item	Beginning amount	Gain/loss on fair-value changes in the Reporting Period	Cumulative fair-value changes charged to equity	Impairment allowance for the Reporting Period	Purchased in the Reporting Period	Sold in the Reporting Period	Other changes	Ending amount
Financial assets
1. Held-for-trading financial assets (excluding derivative financial assets)	5,809,184,994.00	19,723,299.00	86,196,376.00	0.00	5,720,040,428.00	9,845,345,509.00	0.00	1,703,603,212.00
2.Derivative financial assets	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3. Investments in other debt obligations	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
4. Investments in other equity instruments	632,076,647.00	0.00	-299,652,265.00	0.00	2,361,271.00	70,041,364.00	0.00	538,901,485.00
Subtotal of financial assets	6,456,048,847.00	19,723,299.00	-213,455,889.00	0.00	5,722,401,699.00	9,915,386,873.00	0.00	2,242,504,697.00
Investment property	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Productive living assets	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Others	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total of the above	6,456,048,847.00	19,723,299.00	-213,455,889.00	0.00	5,722,401,699.00	9,915,386,873.00	0.00	2,242,504,697.00
Financial liabilities	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Contents of other changes: N/ASignificant changes to the measurement attributes of the major assets in the Reporting Period:

□ Yes √ No

3. Restricted Asset Rights as at the Period-End

Item

Ending carrying value

Restriction reason

Monetary assets	5,058,196,779.00	As pledge for guarantee and as security deposits
Notes receivable	13,758,254.00	Discounted and transferred with right of recourse, endorsed and transferred with right of recourse, as pledge for opening notes payable

Inventories	0.00	Naught
Fixed assets	96,363,924,668.00	As mortgage for guarantee
Intangible assets	1,514,161,097.00	As mortgage for guarantee
Construction in progress	56,097,083,166.00	As mortgage for guarantee

Investment property	44,826,599.00	As mortgage for guarantee
Total	159,091,950,563.00	--

V Investments Made

1. Total Investments Made

√ Applicable □ Not applicable

Investments made in this Reporting Period (RMB)	Investments made in the same period of last year (RMB)	Change（%）
347,061,271.00	121,230,269.00	186.28%

2. Significant Equity Investments Made in the Reporting Period

□ Applicable √ Not applicable

3. Significant Non-Equity Investments Ongoing in the Reporting Period

□ Applicable √ Not applicable

4. Financial Assets at Fair Value

√ Applicable □ Not applicable

Unit: RMB

Type of assets	Initial investment cost	Gain/loss on fair value changes in the Reporting Period	Accumulated fair value changes recorded in equity	Purchased in the Reporting Period	Sold in the Reporting Period	Accumulated return on investment	Ending amount	Funding source
Stock	421,135,017.00	0.00	-145,179,667.00	0.00	70,041,364.00	67,813,652.00	199,769,376.00	Self-funded
Other	6,288,033,231.00	19,723,299.00	-68,276,222.00	5,722,401,699.00	9,845,345,509.00	22,848,064.00	2,042,735,321.00	Self-funded
Total	6,709,168,248.00	19,723,299.00	-213,455,889.00	5,722,401,699.00	9,915,386,873.00	90,661,716.00	2,242,504,697.00	--

5. Financial Investments

(1) Securities Investments

√ Applicable □ Not applicable

Variety of security

Code of security

Name of security

Initial investment cost

Accounting measurement method

Beginning carrying value

Gain/Loss on fair value changes in Reporting Period

Accumulated fair value changes charged to equity

Purchased in Reporting Period

Sold in Reporting Period

Gain/loss in Reporting Period

Ending carrying value

Accounting title

Funding source

Domestic/overseas stock

SH600658

Electronic Zone

90,160,428.00

Fair value method

72,585,692.00

0.00

-8,089,106.00

0.00

0.00

1,842,137.00

82,071,322.00

Investments in other equity instruments

Self-funded

Domestic/overseas stock

HK01963

Bank of Chongqing

120,084,375.00

Fair value method

105,407,103.00

0.00

-30,786,860.00

0.00

0.00

5,914,898.00

89,297,515.00

Investments in other equity

Self-funded

												instruments
Domestic/overseas stock	HK06066	China Securities	70,041,364.00	Fair value method	68,545,920.00	0.00	6,144,610.00	0.00	70,041,364.00	0.00	0.00	Investments in other equity instruments	Self-funded
Domestic/overseas stock	HK01518	New Century Healthcare	140,848,850.00	Fair value method	53,586,259.00	0.00	-112,448,311.00	0.00	0.00	0.00	28,400,539.00	Investments in other equity instruments	Self-funded
Other securities investments held at the period-end			0.00	--	0.00	0.00	0.00	0.00	0.00	0.00	0.00	--	--
Total			421,135,017.00	--	300,124,974.00	0.00	-145,179,667.00	0.00	70,041,364.00	7,757,035.00	199,769,376.00	--	--
Disclosure date of the announcement about the board’s consent for the securities investment			N/A
Disclosure date of the announcement about the general meeting’s consent for the securities investment (if any)			N/A

(2) Investments in Derivative Financial Instruments

√ Applicable □ Not applicable

Unit: RMB’0,000

Counterparty

Relationship with the Company

Related-party transaction or not

Type of derivative

Initial investment amount

Start date

End date

Beginning investment amount

Purchased in the Reporting Period

Sold in the Reporting Period

Impairment allowance (if any)

Ending investment amount

Ending investment amount as % of the Company’s ending net asset value

Actual gain/loss in the Reporting Period

Bank

Not a related party

Not

Foreign exchange forward contract

78,133.44

1 January 2020

30 June 2020

78,133.44

33,014.71

63,715.50

-

47,432.65

0.47%

980.16

Total	78,133.44	--	--	78,133.44	33,014.71	63,715.50	-	47,432.65	0.47%	980.16
Funding source	Self-funded
Legal matters involved (if applicable)	N/A
Disclosure date of the announcement about the board’s consent for the derivatives investment (if any)	N/A
Disclosure date of the announcement about the general meeting’s consent for the derivatives investment (if any)	N/A
Analysis of risks and control measures associated with the derivative investments held in the Reporting Period (including but not limited to market, liquidity, credit, operational and legal risks, etc.)	As of the end of the reporting period, the financial derivatives held by the company are foreign exchange forward contracts, and the risks faced are related to the uncertainty of the foreign exchange market in the future. The company's control measures for the financial derivatives are as follows: the company controls the types of derivative transactions, reasonably matches the scale of derivative transactions, and the transactions must match the company's production, operation and development planning, mainly for the purpose of cost locking and risk prevention.
Changes in market prices or fair value of derivative investments in the Reporting Period (fair value analysis should include measurement methods and related assumptions and parameters)	The fair value of the invested derivatives at the end of the reporting period shall be determined by reference to the market quotation of the external financial institutions.
Significant changes in accounting policies and specific accounting principles adopted for derivative investments in the Reporting Period compared to the last reporting period	No major changes
Opinion of independent directors on derivative investments and risk control	N/A

Note: The exchange rate for the amount of purchase, sale and end of period in the balance sheet is 1 USD = 7.0795 CNY on June 30, 2020.

VI Sale of Major Assets and Equity Interests

1. Sale of Major Assets

□ Applicable √ Not applicable

No such cases in the Reporting Period.

2. Sale of Major Equity Interests

□ Applicable √ Not applicable

VII Main Controlled and Joint Stock Companies

√ Applicable □ Not applicable

Main subsidiaries and joint stock companies with an over 10% influence on the Company’s net profit

Unit: RMB

Name	Relationship with the Company	Principal activity	Registered capital	Total assets	Net assets	Operating revenue	Operating profit	Net profit
Hefei BOE Optoelectronics Technology Co., Ltd.	Subsidiary	Investment construction, R&D, Production, and sales of relevant products of TFT-LCD and its matching products.	9,000,000,000.00	19,094,214,574.00	13,380,516,951.00	6,244,612,839.00	1,093,624,584.00	928,955,538.00
Chongqing BOE Optoelectronics Technology Co., Ltd.	Subsidiary	R&D, Production, and sales of semi-conductor display device, complete machine, and relevant products; import and export business and technology consulting of goods.	19,226,000,000.00	37,136,364,756.00	27,038,202,277.00	8,925,079,865.00	974,936,895.00	806,050,725.00
Beijing BOE Display Technology Co., Ltd.	Subsidiary	Technological development for TFT-LCD, as well as manufacturing and marketing of LCD panels	17,882,913,500.00	38,853,802,260.00	20,163,412,634.00	19,989,846,389.00	198,545,967.00	164,788,265.00

Subsidiaries obtained or disposed in this Reporting Period

□ Applicable √ Not applicable

Information about major majority- and minority-owned subsidiaries:

Naught

VIII Structured Bodies Controlled by the Company

□ Applicable √ Not applicable

IX Operating Performance Forecast for January-September 2020Warning of a forecast negative net profit for the January-September period of the current year or a considerable YoY change therein, as well as the reasons:

□ Applicable √ Not applicable

X Risks Facing the Company and CountermeasuresRisks of Macroeconomic EnvironmentThe spread of COVID-19 in the first half year of 2020 has brought a huge impact to global economy, making the world’s overall economy develop towards a downward trend. In addition, theimpact to the global industrial chains by the trade frictions between China and the U.S. has further increased market uncertainties. The pandemic coupled with the trade frictions has created anunprecedented overall picture challenging global economy and politics. On the other hand, under the impact of the epidemic, China’s digital economy is developing at a fast speed and hasbecome an important engine driving the high quality development of the country’s economy. Faster expansion is seen in the IoT application scenarios; smart office, smart education, smartmedical services and other market segments start to experience extensive application. Regions represented by Tier 1 and new Tier 1 cities are giving greater support to IoT with a momentum ofrapid growth. In such a macroeconomic environment, while improving its main businesses, BOE continues to promote the transformation strategy based on IoT, sticks to innovation-driventransformation and upgrading, speeds up the innovation in smart systems, and focuses on subdivided application scenarios to empower the IoT-based transformation.

Part V Significant Events

I Annual and Extraordinary General Meeting Convened during the Reporting Period

1. General Meetings Convened during the Reporting Period

Meeting	Type	Investor participation ratio	Convened date	Disclosure date	Index to disclosed information
The 2019 Annual General Meeting	Annual General Meeting	30.81%	29 May 2020	30 May 2020	www.cninfo.com.cn

2. Extraordinary General Meetings Convened at the Request of Preference Shareholders with Resumed Voting Rights

□ Applicable √ Not applicable

II Interim Dividend Plan

□ Applicable √ Not applicable

The Company has no interim dividend plan, either in the form of cash or stock.III Commitments of the Company’s De Facto Controller, Shareholders, Related Parties and Acquirers, as well as the Company Itselfand Other Entities Fulfilled in the Reporting Period or Ongoing at the Period-End

√ Applicable □ Not applicable

Commitment	Promisor	Type of commitment	Details of commitment	Date of commitment making	Term of commitment	Fulfillment
Commitments made in share reform	-	-	-	-	-	-

Commitments made in acquisition documents or shareholding alteration documents	-	-	-	-	-	-
Commitments made in time of asset restructuring	-	-	-	-	-	-
Commitments made in time of IPO or refinancing	-	-	-	-	-	-
Equity incentive commitments	-	-	-	-	-	-
Other commitments made to minority interests	Directors, supervisors and senior management of the Company	Other commitments	The Company’s directors, supervisors and senior managers, based on their confidence in the Company’s future development and their recognition of the corporate value, promise not to reduce or transfer any shares held in BOE (A shares), not to entrust others to manage specific shares, not to authorize others to execute their voting right by means of any agreement, trust or other arrangements and not to require the Company to repurchase any specific shares during the terms of office and within 6 months after their tenures expire so as to promote the Company’s continuous, stable and healthy development and maintain the rights and interests of the Company and all shareholders. For any newly-added shares derived from the assignment of rights and interests including the share donation and the reserved funds converted into share capital during the period (corresponding to the specific shares), they shall still keep their promises till the commitment period expires.	21 February 2020	During the term as director, supervisor or senior manager, and in six months after the expiration of the term (the term determined when taking office).	Ongoing
Executed on time or not	Yes
Specific reasons for failing to fulfill commitments on time and plans for next step (if any)	N/A

IV Engagement and Disengagement of Independent AuditorAre the interim financial statements audited?

□ Yes √ No

The interim financial statements of the Company have not been audited.V Explanations Given by the Board of Directors and the Supervisory Committee Regarding the Independent Auditor's “ModifiedOpinion” on the Financial Statements of the Reporting Period

□ Applicable √ Not applicable

VI Explanations Given by the Board of Directors Regarding the Independent Auditor's “Modified Opinion” on the FinancialStatements of Last Year

□ Applicable √ Not applicable

VII Insolvency and Reorganization

□ Applicable √ Not applicable

No such cases in the Reporting Period.

VIII Legal MattersSignificant lawsuits and arbitrations:

√ Applicable □ Not applicable

General information	Involved amount (RMB’0,000)	Provision	Progress	Decisions and effects	Execution of decisions	Disclosure date	Index to disclosed information
Disputes case of sales contract that BOE Technology (HK) Limited sued LeTV Mobile Intelligent Information Technology (Beijing) Co., Ltd, LeTV Holdings (Beijing) Co., Ltd., Le Sai Mobile Technology (Beijing) Co., Ltd. and Mr. JiaYueting	28,471.43	No	The Supreme People’s Court made the judgment that the case was treated as that the appellant LeTV Holdings (Beijing) Co., Ltd. automatically withdrew the appeal on 8 July 2020. And the judgment of the first instance will take effect since the date when the written order is served.	BOE Technology (HK) Limited has submitted the Application for Execution to Beijing High People’s Court.	N/A	29 August 2017; 24 April 2018; 28 August 2018; 26 March 2019; 27 August 2019; 28 April 2020.	For details, see Interim Report 2017 of BOE Technology Group Co., Ltd., 2017 Annual Report, of BOE Technology Group Co., Ltd., Interim Report 2018 of BOE Technology Group Co., Ltd., 2018 Annual Report, of BOE Technology Group Co., Ltd., Interim Report 2019 of BOE Technology Group Co., Ltd. and 2019 Annual Report of BOE Technology Group Co., Ltd. disclosed on www.cninfo.com.cn.

Other legal matters:

√ Applicable □ Not applicable

General information	Involved amount (RMB’0,000)	Provision	Progress	Decisions and effects	Execution of decisions	Disclosure date	Index to disclosed information
Litigations for H1 2020 (including carryforwards in previous years )	9,097.26	No	N/A	N/A	N/A	N/A	N/A

IX Doubts from Media

□ Applicable √ Not applicable

The Company had no issues about which media generally raised doubts in the Reporting Period.X Punishments and Rectifications

□ Applicable √ Not applicable

No such cases in the Reporting Period.

XI Credit Quality of the Company as well as its Controlling Shareholder and De FactoController

□ Applicable √ Not applicable

XII Equity Incentive Plans, Employee Stock Ownership Plans or Other Incentive Measuresfor Employees

□ Applicable √ Not applicable

No such cases in the Reporting Period.XIII Major Related-Party Transactions

1. Continuing Related-Party Transactions

□ Applicable √ Not applicable

No such cases in the Reporting Period.

2. Related-Party Transactions Regarding Purchase or Disposal of Assets or Equity Investments

□ Applicable √ Not applicable

No such cases in the Reporting Period.

3. Related-Party Transactions Regarding Joint Investments in Third Parties

□ Applicable √ Not applicable

No such cases in the Reporting Period.

4. Amounts Due to and from Related Parties

□ Applicable √ Not applicable

No such cases in the Reporting Period.

5. Other Major Related-Party Transactions

√ Applicable □ Not applicable

NaughtIndex to the public announcements about the said related-party transactions disclosed

Title of public announcement	Disclosure date	Disclosure website
Announcement on the Prediction of 2020 Annual Routine Related-party Transactions	28 April 2020	www.cninfo.com.cn
Announcement on Accepting the Transfer of 16.67% of Equity Interest in Beijing Diankong Industrial Investment Co., Ltd. held by NAURA Technology Group Co., Ltd. and Related-party Transaction	24 July 2020	www.cninfo.com.cn

XIV Occupation of the Company’s Capital by the Controlling Shareholder or any of ItsRelated Parties for Non-Operating Purposes

□ Applicable √ Not applicable

No such cases in the Reporting Period.XV Major Contracts and Execution thereof

1. Entrustment, Contracting and Leases

(1) Entrustment

□ Applicable √ Not applicable

No such cases in the Reporting Period.

(2) Contracting

□ Applicable √ Not applicable

No such cases in the Reporting Period.

(3) Leases

□ Applicable √ Not applicable

No such cases in the Reporting Period.

2. Major Guarantees

√ Applicable □ Not applicable

(1) Guarantees

Unit: RMB'0,000

Guarantees provided by the Company as the parent and its subsidiaries for external parties (exclusive of those for subsidiaries)
Obligor	Disclosure date of the guarantee line announcement	Line of guarantee	Actual occurrence date	Actual guarantee amount	Type of guarantee	Term of guarantee	Having expired or not	Guarantee for a related party or not
N/A
Total approved line for such guarantees in the Reporting Period (A1)		0		Total actual amount of such guarantees in the Reporting Period (A2)		0
Total approved line for such guarantees at the end of the Reporting Period (A3)		0		Total actual balance of such guarantees at the end of the Reporting Period (A4)		0
Guarantees provided by the Company as the parent for its subsidiaries
Obligor	Disclosure date of the guarantee line announcement	Line of guarantee	Actual occurrence date	Actual guarantee amount	Type of guarantee	Term of guarantee	Having expired or not	Guarantee for a related party or not
Hefei XinSheng Optoelectronics Technology Co., Ltd.	14 August 2014	1,309,708	15 January 2015	284,723	Joint-liability	6 January 2014 to 6 January 2022	Not	Not
Ordos YuanSheng Optoelectronics Co., Ltd.	30 November 2016	552,653	15 March 2017	192,273	Joint-liability	17 March 2017 to 17 March 2025	Not	Not
Chengdu BOE Optoelectronics Technology Co., Ltd.	25 April 2017	2,320,843	30 August 2017	2,058,331	Joint-liability	6 September 2017 to 6 September 2027	Not	Not
Chengdu BOE Optoelectronics Technology Co., Ltd.	25 April 2017	450,000	30 August 2017	151,850	Joint-liability	Opening date of the letter of guarantee to 31 July 2023	Not	Not
Chongqing BOE Optoelectronics	14 August 2014	1,498, 866	29 September 2014	449,198	Joint-liability	5 November 2014 to 5	Not	Not

Technology Co., Ltd.						November 2022
Hefei BOE Display Technology Co., Ltd.	1 December 2016	1,711,673	30 August 2017	1,634,557	Joint-liability	7 September 2017 to 7 September 2025	Not	Not
Fuzhou BOE Optoelectronics Technology Co., Ltd.	10 December 2015	1,358,877	8 November 2016	865,017	Joint-liability	19 December 2016 to 19 December 2024	Not	Not
Fuzhou BOE Optoelectronics Technology Co., Ltd.	10 December 2015	300,000	8 November 2016	96,000	Joint-liability	Opening date of the letter of guarantee to 28 December 2023	Not	Not
Mianyang BOE Optoelectronics Co., Ltd.	18 May 2018	2,147,503	18 September 2018	1,722,834	Joint-liability	26 September 2018 to 26 September 2028	Not	Not
Mianyang BOE Optoelectronics Co., Ltd.	18 May 2018	460,000	22 June 2018	169,000	Joint-liability	Opening date of the letter of guarantee to 31 October 2027	Not	Not
Wuhan BOE Optoelectronics Co., Ltd.	25 March 2019	2,044,226	23 August 2019	1,129,820	Joint-liability	23 August 2019 to 23 August 2029	Not	Not
Chongqing BOE Display Technology Co., Ltd.	28 April 2020	2,050,000	N/A	0	Joint-liability	No contract signed	Not	Not
Chongqing BOE Display Technology Co., Ltd.	28 April 2020	370,000	N/A	0	Joint-liability	No contract signed	Not	Not
Chengdu BOE Hospital Co., Ltd.	28 April 2020	240,000	N/A	0	Joint-liability	No contract signed	Not	Not
Total approved line for such guarantees in the Reporting Period (B1)		2,660,000		Total actual amount of such guarantees in the Reporting Period (B2)		-407,918
Total approved line for such guarantees at the end of the Reporting Period (B3)		14,154,349		Total actual balance of such guarantees at the end of the Reporting Period (B4)		8,753,604
Guarantees provided between subsidiaries
Obligor	Disclosure date of the guarantee line	Line of guarantee	Actual occurrence date	Actual guarantee amount	Type of guarantee	Term of guarantee	Having expired or not	Guarantee for a related party or

	announcement							not
Guangtai Solar Energy Technology (Suzhou) Co., Ltd.	N/A	5,450	20 December 2017	4,401	Joint-liability	20 December 2017 to 6 April 2027	Not	Not
Huanda Trading (Hebei) Co., Ltd.	N/A	14,600	24 May 2017	9,568	Joint-liability	15 June 2017 to 16 January 2029	Not	Not
Yangyuan Photovoltaic Power Generation (Huanggang) Co., Ltd.	N/A	4,552	11 September 2017	4,004	Joint-liability	11 September 2017 to 11 September2027	Not	Not
Yaoguang New Energy (Shouguang) Co., Ltd.	N/A	4,192	31 October 2017	3,824	Joint-liability	31 October 2017 to 31 October 2027	Not	Not
Suzhou Industrial Park Taijing Photovoltaic Co., Ltd.	N/A	3,484	1 December 2017	3,064	Joint-liability	1 December 2017 to 1 December 2027	Not	Not
Qingmei Solar Energy Technology (Lishui) Co., Ltd.	N/A	4,678	21 December 2017	3, 758	Joint-liability	21 December 2017 to 21 December 2027	Not	Not
Qinghong Solar Energy Technology (Jinhua) Co., Ltd.	N/A	2,374	21 December 2017	1,954	Joint-liability	21 December 2017 to 21 December 2027	Not	Not
Qinghui Solar Energy Technology (Jinhua) Co., Ltd.	N/A	3,666	15 December 2017	1,345	Joint-liability	15 December 2017 to 15 December 2027	Not	Not
Hefei Hexu Technology Co., Ltd.	N/A	538	18 May 2018	518	Joint-liability	18 May 2018 to 10 May 2028	Not	Not
Hefei Chenneng Technology Co., Ltd.	N/A	1,068	18 May 2018	1,048	Joint-liability	18 May 2018 to 10 May 2028	Not	Not
Rongke New Energy (Hefei) Co., Ltd.	N/A	1,400	18 December 2017	1,313	Joint-liability	18 December 2017 to 18 December 2029	Not	Not
Tianchi New Energy (Hefei) Co., Ltd.	N/A	1,100	18 December 2017	1,028	Joint-liability	18 December 2017 to 18 December 2029	Not	Not
Qinghao Solar Energy Technology (Jinhua) Co., Ltd.	N/A	890	18 December 2017	802	Joint-liability	18 December 2017 to 18 December 2029	Not	Not

Xiangqing Solar Energy Technology (Dongyang) Co., Ltd	N/A	3,476	18 December 2017	2,658	Joint-liability	18 December 2017 to 18 December 2029	Not	Not
Qingyue Solar Energy Technology (Wuyi) Co., Ltd	N/A	960	18 December 2017	734	Joint-liability	18 December 2017 to 18 December 2029	Not	Not
Qingyou Solar Energy Technology (Longyou) Co., Ltd	N/A	2,210	18 December 2017	2,013	Joint-liability	18 December 2017 to 18 December 2029	Not	Not
Qingfan Solar Energy Technology (Quzhou) Co., Ltd	N/A	1,855	18 December 2017	1,418	Joint-liability	18 December 2017 to 18 December 2029	Not	Not
Anhui BOE Energy Investment Co., Ltd	N/A	13,575	27 December 2017	12,232	Joint-liability	27 December 2017 to 27 December 2029	Not	Not
Taihang Electric Power Technology (Ningbo) Co., Ltd	N/A	600	19 December 2017	413	Joint-liability	19 December 2017 to 18 December 2025	Not	Not
Guoji Energy (Ningbo) Co., Ltd.	N/A	2,740	19 December 2017	1,945	Joint-liability	19 December 2017 to 18 December 2025	Not	Not
Hongyang Solar Energy Power Generation (Anji) Co., Ltd.	N/A	3,500	14 December 2017	2,655	Joint-liability	14 December 2017 to 13 December 2025	Not	Not
Ke’en Solar Energy Power Generation (Pingyang) Co., Ltd.	N/A	2,400	14 December 2017	1,703	Joint-liability	14 December 2017 to 13 December 2025	Not	Not
Dongze Photovoltaic Power Generation (Wenzhou) Co., Ltd.	N/A	2,100	14 December 2017	1,490	Joint-liability	14 December 2017 to 13 December 2025	Not	Not
Aifeisheng Investment and Management (Wenzhou) Co, Ltd.	N/A	1,400	14 December 2017	994	Joint-liability	14 December 2017 to 13 December 2025	Not	Not
Beijing BOE Energy Technology Co., Ltd.	N/A	12,800	24 October 2017	12,555	Pledge	24 October 2017 to 23 October 2032	Not	Not
Beijing BOE Energy Technology Co., Ltd.	N/A	20,560	26 September 2018	17,840	Pledge	26 September 2018 to 21 December 2032	Not	Not

Beijing BOE Energy Technology Co., Ltd.	N/A		25,418	1 December 2017	22,918	Pledge	1 December 2017 to 1 December 2032	Not	Not
Hengchuang New Energy Technology (Hong’an) Co., Ltd.	N/A		6,892	31 January 2018	6,170	Joint-liability	31 January 2018 to 31 January 2030	Not	Not
Anhui BOE Energy Investment Co., Ltd.	N/A		2,060	25 April 2018	1,941	Joint-liability	25 April 2018 to 25 April 2030	Not	Not
Junlong New Energy Technology (Huaibin) Co., Ltd.	N/A		8,459	25 April 2018	7,969	Joint-liability	25 April 2018 to 25 April 2030	Not	Not
Shaoxing Guangnian New Energy Co., Ltd.	N/A		16,000	13 December 2018	15,904	Joint-liability	13 December 2018 to 12 December 2030	Not	Not
Shaoxing Xuhui New Energy Co., Ltd.	N/A		4,500	13 December 2018	4,473	Joint-liability	13 December 2018 to 12 December 2030	Not	Not
BOE Technology (HK) Limited	N/A		112,250	31 October 2017	112,250	Pledge	12 December 2017 to 7 December 2020	Not	Not
Hefei BOE Hospital Co., Ltd.	27 April 2018		130,000	27 April 2018	94,000	Joint-liability	27 April 2018 to 27 April 2033	Not	Not
Total approved line for such guarantees in the Reporting Period (C1)			0		Total actual amount of such guarantees in the Reporting Period (C2)		13,091
Total approved line for such guarantees at the end of the Reporting Period (C3)			421,747		Total actual balance of such guarantees at the end of the Reporting Period (C4)		360,903
Total guarantee amount (total of the three kinds of guarantees above)
Total guarantee line approved in the Reporting Period (A1+B1+C1)		2,660,000			Total actual guarantee amount in the Reporting Period (A2+B2+C2)		-394,827
Total approved guarantee line at the end of the Reporting Period (A3+B3+C3)		14,576,096			Total actual guarantee balance at the end of the Reporting Period (A4+B4+C4)		9,114,507
Total actual guarantee amount (A4+B4+C4) as % of the Company’s net assets					89.65%

Of which:
Balance of guarantees provided for shareholders, actual controller and their related parties (D)	0
Balance of debt guarantees provided directly or indirectly for obligors with an over 70% debt/asset ratio (E)	162,969
Amount by which the total guarantee amount exceeds 50% of the Company’s net assets (F)	4,030,880
Total of the three amounts above (D+E+F)	4,030,880
Joint responsibilities possibly borne or already borne in the Reporting Period for undue guarantees (if any)	N/A
Provision of external guarantees in breach of the prescribed procedures (if any)	N/A

Compound guarantees:

None

(2) Irregularities in the Provision of Guarantees

□ Applicable √ Not applicable

No such cases in the Reporting Period.

3. Cash Entrusted for Wealth Management

√ Applicable □ Not applicable

Unit: RMB’0,000

Specific type	Capital resources	Amount incurred	Undue balance	Overdue amount
Bank financial products and structured deposit	Self-owned funds	716,300	223,100	0
Total		716,300	223,100	0

Note: Amount incurred refers to the maximum balance of cash entrusted for wealth management in the single day during theReporting PeriodParticulars of entrusted cash management with single significant amount or low security, bad liquidity, and no capital preservation

□ Applicable √ Not applicable

Whether there is the case where the principal cannot be recovered at maturity or other case which may cause impairment forentrusted asset management

□ Applicable √ Not applicable

4. Other Significant Contracts

□ Applicable √ Not applicable

No such cases in the Reporting Period.

XVI Corporate Social Responsibility (CSR)

1. Major Environmental Issues

Indicate by tick mark whether the Company or any of its subsidiaries is identified as a major polluter by the environmental protectionauthorities.Yes

Name of polluter	Name of major pollutants	Way of discharge	Number of discharge outlets	Distribution of discharge outlets	Discharge concentration	Discharge standards implemented	Total discharge (t)	Approved total discharge	Excessive discharge
Beijing BOE Optoelectronics Technology Co., Ltd.	COD	Standard emission after being treated by sewage treatment	2	South gate of factory, northwest corner of	44mg/L	500mg/L	54.76t	414.21t	None
	Ammonia nitrogen				3mg/L	45 mg/L	3.39t	29.59t

		system		factory
Chengdu BOE Optoelectronics Technology Co., Ltd.	COD	Standard emission after being treated by sewage treatment system	1	North side of factory	224.45mg/L	500mg/L	115.15t	607.66t	None
	Ammonia nitrogen				22.2mg/L	45mg/L	11.39t	54.69t
Hefei BOE Optoelectronics Technology Co., Ltd.	COD	Standard emission after being treated by sewage treatment system	1	Northwest corner of factory	37.02 mg/L	380mg/L	68.55t	1081.55t	None
	Ammonia nitrogen				2.35 mg/L	30mg/L	4.35t	101.23t
Beijing BOE Display Technology Co., Ltd.	COD	Standard emission after being treated by sewage treatment system	1 (main discharge outlet of wastewater)	East gate of factory	152.25mg/L	500mg/l	810.31t	1618.8t	None
	Ammonia nitrogen				13.81mg/L	45mg/l	73.29t	134.4t
	COD		1(S2 Phase II discharge outlet of sanitary sewage)	South gate of dormitory area	41.33mg/L	500mg/l	4.83t	80.76t
	Ammonia nitrogen				9.39mg/L	45mg/l	1.02t	6.06t
Hefei Xinsheng Optoelectronics Technology Co., Ltd.	COD	Standard emission after being treated by sewage treatment system	1	Northeast gate of factory	76.67mg/L	380mg/L	206.72t	3355.74t	None
	Ammonia nitrogen				16.67mg/L	30 mg/L	44.34t	264.30t
Erdos Yuansheng Optoelectronics Co., Ltd.	COD	Standard emission after being treated by sewage treatment system	1	North side of factory	52.51mg/L	500mg/L	40.1t	713.81t	None
	Ammonia nitrogen				1.49mg/L		0.95t	76.82t
The 6th generation flexible AMOLED production line	COD	Standard emission after being treated by sewage treatment system	1	North side of factory	15.45mg/L	500mg/L	35.38t	9590.40 t	None

of Chengdu BOE Optoelectronics Technology Co., Ltd.	Ammonia nitrogen				2.34mg/L	45 mg/L	5.35t	863.14t
Chongqing BOE Optoelectronics Technology Co., Ltd.	COD	Standard emission after being treated by sewage treatment system	1	South side of factory	94.75mg/L	400mg/L	230.48t	1900.24t	None
	Ammonia nitrogen				4.27mg/L	30 mg/L	10.387t	146.17t
Hefei BOE Display Technology Co., Ltd.	COD	Standard emission after being treated by sewage treatment system	1	North side of factory	95.7mg/L	400mg/L	395.21t	1189.88t	None
	Ammonia nitrogen				11.25mg/L	35mg/L	47.45t	118.98t
Fuzhou BOE Optoelectronics Technology Co., Ltd.	COD	Standard emission after being treated by sewage treatment system	1	Northeast side of factory	92.98mg/L	500mg/L	230.32t	510.35t	None
	Ammonia nitrogen				4.89mg/L	45 mg/L	12.10t	68.05t
Mianyang BOE Optoelectronics Technology Co., Ltd.	COD	Standard emission after being treated by sewage treatment system	1	North side of factory	28.55mg/L	500mg/L	52.3t	8990.82t	None
	Ammonia nitrogen				2.71mg/L	45 mg/L	4.96t	809.17t	None
BOE Technology Group Co., Ltd.	COD	Standard emission after being treated by sewage treatment system	1	Northwest corner of factory	45.3mg/L	500mg/L	0.13t	11.114t	None
	Ammonia nitrogen				9.5mg/L	45mg/L	0.029t	0.341t
BOE (Hebei) Mobile Display Technology Co., Ltd.	COD	Discharged into sewage treatment plant through municipal pipes	2	Southeast side of factory	16mg/L	500mg/L	0.282t	13.554t	None
	Ammonia nitrogen				0.598mg/L	45mg/L	0.011t	1.01t
	COD			North side of factory	134mg/L	500mg/L	7.075t	74.937t
	Ammonia nitrogen				15.8mg/L	45mg/L	0.834t	6.744t

Construction of pollution prevention equipment and operation conditionDuring the Reporting Period, the Company did not have any serious environmental problems. The Company builds soundenvironment management systems and establishes the environment management organizations to supervise the overall environmentperformance of the Company, work out the environment management objectives and related systems, conduct regular supervisionand instruction for the environment management of subordinate companies and push forward the implementation of environment

management.Currently, the waste water which is generated by each subordinate enterprise of the Company can be divided in to industrial wastewater and household waste water. Rain water-waste water shunting system is adopted for drainage system to drain water separatelyaccording to different natures. After collecting, the rain water is discharged into rain water pipeline of factory; after the rain water iscollected by rain water pipe network, the rain water is discharged. After being treated by sewage treatment system in factory,industrial waste water is discharged into sewage treatment factory through municipal pipe network for intense treatment. Householdwaste water comprises household fecal waste water and canteen oily waste water etc, after pretreatment, the waste water isdischarged into municipal sewage treatment factory. All industrial and household waste water is not discharged directly, and theconcentration and total amount of drainage satisfy the requirements of national and local relevant standards.In additional, the exhaust gas which is emitted by each subordinate enterprise mainly comes from technology exhaust gas duringproduction process, generally including general exhaust gas, acid exhaust gas, alkaline exhaust gas, special exhaust gas and organicexhaust gas etc. Various exhaust gas can be emitted after being treated by independent emission treatment system. The emissionconcentration and total amount satisfy the national and local relevant standards.“4R concept” for the use of materials has been used by the Company since 2007, that is recycle (Recycle), reduction (Reduce),renewal (Renew) and responsibility (responsibly). The Company promises that the used materials are all in accordance withrequirements of national relevant environmental regulations and the registration, assessment, permission and restriction system ofchemicals. In additional, the Company promotes the recycle of package materials constantly. The waste materials which aregenerated by each subordinate enterprise can be divided into general industrial solid waste, hazardous waste materials and householdwaste materials, and they all handed over to qualified recycler for regular treatment.The Company focuses on the recycle of water resource and advanced cleaning methods such as adverse cleaning etc are adopted forprocessing equipment. Most high purity water and chemicals are recycled, reducing the consumption of high purity water, chemicaland other materials maximally and reducing the discharge of waste water and waste materials.At present, each subordinate enterprise formulates various management methods such as water pollution management, air pollutionmanagement standard, hazardous waste materials management standard, energy management standard etc. The methods specify theoperation and maintenance regulations and requirements of pollutant treatment system, establish regular monitoring and supervisingmechanism, in order to ensure the continuous stable operation of each system.In recent years, the environmental emission index of the Company is up to national standards such as Sewage ComprehensiveDischarge Standard, Air Pollutant Comprehensive Emission Standard, Industrial Enterprise Environmental Noise Emission Standardwithin Factory Boundary, etc and local standards. The Company will continue to promote the environmental management, devote toforging green factory and improve environmental management level constantly.Environmental Impact Assessment on Construction Project and Other Administrative Licenses for Environmental ProtectionAt present, corresponding environmental impact assessments have been conducted for all construction projects under the control ofthe Company in conformity with applicable national and local laws and regulations, and corresponding administrative licenses havealso been obtained.Contingency Plan for Emergent Environmental IncidentsThe Company has formulated and filed corresponding contingency plan for emergent environmental incidents in the environmentalprotection agency according to relevant requirements of local environmental protection bureaus. However, such contingency planconsists of comprehensive plan, special plan and on-site disposal plan, and involves various aspects such as waste water, exhaust gas,hazardous wastes and dangerous chemicals etc. Meanwhile, drills must be conducted regularly.Self-monitoring PlanCurrently, major pollutant-discharging units subordinated to the Company have worked out corresponding self-monitoring planaccording to relevant requirements put forward by the local environmental protection agency. The self-monitoring plans respectivelyformulated by Beijing BOE Display Technology Co., Ltd. and Beijing BOE Optoelectronics Technology Co., Ltd. have been

published via the company’s official website.Other environment information that should be disclosedNoOther related environment protection informationNo

2. Measures Taken for Targeted Poverty Alleviation

The Company did not take any targeted measures to help people lift themselves out of poverty during the Reporting Period, also nosubsequent plans.XVII Other Significant Events

√ Applicable □ Not applicable

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 Company publicly issued renewable corporate bonds (to qualifiedinvestors) (the first issue) (“19BOEY1” for short; Code: 112741) in 2019 with the issue term from 28 October 2019 to 29 October2019, the issuing scale of RMB8 billion and the bonds’ ultimate nominal interest rate of 4.0%. The Company publicly issuedrenewable corporate bonds (to qualified investors) (the first issue) (epidemic prevention and control bonds) (“20BOEY1” for short;Code: 149046) in 2020 with the issue term from 27 February 2020 to 28 February 2020, the issuing scale of RMB2 billion and thebonds’ ultimate nominal interest of 3.64%. The Company publicly issued the renewable corporate bonds (to qualified investors) (thesecond issue) (epidemic prevention and control bonds) (“20BOEY2” for short; Code: 149065) in 2020 with the issue term from 18March 2020 to 19 March 2020, the issuing scale of RMB2 billion and the bonds’ ultimate nominal interest of 3.54%. The Companypublicly issued the renewable corporate bonds (to qualified investors) (the third issue) (epidemic prevention and control bonds)(“20BOEY3” for short; Code: 149108) in 2020 with the issue term from 24 April 2020 to 27 April 2020, the issuing scale of RMB2billion and the bonds’ ultimate nominal interest of 3.50%.

2. The Company’s wholly-owned subsidiary BOE Technology (HK) Limited filed a lawsuit on the sales contract dispute to the superiorpeople’s court in Beijing, and the defendants included LETV Mobile Intelligent Information Technology (Beijing) Co., Ltd.(hereinafter referred to as “LETV Mobile”), LETV Holdings (Beijing) Co., Ltd., Le Sai Mobile Technology (Beijing) Co., Ltd. and JiaYueting with the claimed amount of USD41.84 million in total. However, Beijing Municipal Superior People’s Court respectivelyissued the Notice of Acceptance and the Civil Ruling Paper on Property Preservation on July 6, 2017 and July 31, 2017. LETV Mobileever put forward the jurisdiction objection to Beijing Municipal Superior People’s Court, which was rejected, and then launched alawsuit on the judgment of the jurisdiction objection to the Supreme People’s Court. Finally, the Supreme People’s Court made thefinal ruling, rejected the appeal of LETV Mobile and affirmed the original judgment. On 8 March 2019, the first hearing was held inBeijing Municipal Superior People’s Court. On 19 February 2020, Beijing Municipal Superior People’s Court issued the first instancejudgment:

(1) The defendant (LETV Mobile Intelligent Information Technology (Beijing) Co., Ltd.) shall pay the plaintiff (BOE Technology (HK)Limited) the owed principal USD36,940,476.77 and the resulting interests (regarding the principal USD12,871,274.5 as the interestbasis from 8 September 2016 to 1 March 2017, USD12,144,001.77 from 2 March 2017 to the actual payment day, USD16,172,935from October 13, 2016 to the actual payment day, USD8,488,690 from November 10, 2016 to the actual payment day, and US134,850from 8 December 2016 to the actual payment day; the annual interest rate shall be 6% (365 days)), as well as the liquidated damages(regarding the principal USD2,052,248.71 as the basis from 30 April 2017 to 1 July 2017, USD2,052,248.71 from 31 May 2017 to 1

July 2017, USD2,052,248.71 from 30 June 2017 to 1 July 2017, and USD36,940,476.77 from 2 July 2017 to the actual payment day;the penalty standard was 0.03% per day); under the Installment Payment Agreement within 10 days after the judgment took effect;

(2) The defendant LETV Holdings (Beijing) Co., Ltd. shall burden the joint and several guarantee for the debt owed by LETV MobileIntelligent Information Technology (Beijing) Co., Ltd. Defined in the judgment (Item I);

(3) After the Defendant LETV Holdings (Beijing) Co., Ltd. burdens the joint and several guarantee related to Item II, LETV Holdings(Beijing) Co., Ltd. shall have the right to claim compensation from LETV Mobile Intelligent Information Technology (Beijing) Co.,Ltd.;

(4) The defendant(LETV Mobile Intelligent Information Technology (Beijing) Co., Ltd.) shall pay the plaintiff (BOE Technology (HK)Limited) the owed principal USD2,459,090.91 and the resulting interests (regarding the principal USD2,459,090.91 as the interestbasis from 27 May 2017 to 19 August 2019 with the PBC’s benchmark interest rate for loan during the same period as the standard;USD2,459,090.91 from August 20, 2019 to the actual payment day with the quoted interest rate of the loan market issued by thenational inter-bank offer center as the standard; the year shall have 365 days) under the Purchase Order with the goods paymentUSD2.75 million;

(5) Other claims of the plaintiff (BOE Technology (HK) Limited) shall be rejected.

If the defendant LETV Mobile Intelligent Information Technology (Beijing) Co., Ltd. and LETV Holdings (Beijing) Co., Ltd. fails tofulfill their payment obligation as scheduled in the judgment, the Defendant shall pay the double debt interests during the delayedperiod according to Article 253 of Civil Procedure Law of the People’s Republic of China.The litigation fee was RMB1,465,371.63, of which, RMB5,371.63 shall be paid by the plaintiff BOE Technology (HK) Limited(already paid), and RMB1.46 million shall be jointly burdened by LETV Mobile Intelligent Information Technology (Beijing) Co., Ltd.and LETV Holdings (Beijing) Co., Ltd. (payment within 7 days after the judgment took effect); the preservation fee was RMB5000,which shall be jointly burdened by LETV Mobile Intelligent Information Technology (Beijing) Co., Ltd. and LETV Holdings (Beijing)Co., Ltd. (payment within 7 days after the judgment took effect).On 17 March 2020, BOE Technology (HK) Limited received the petition for appeal submitted by LETV Holdings (Beijing) Co., Ltd. tothe court. LETV Holdings (Beijing) Co., Ltd. failed to pay the fee for the appeal it had instituted. The Supreme People’s Court madethe judgment that the case was treated as that the appellant LeTV Holdings (Beijing) Co., Ltd. automatically withdrew the appeal on8 July 2020. And the judgment of the first instance will take effect since the date when the written order is served. BOE Technology(HK) Limited has submitted the Application for Execution to Beijing High People’s Court.The Company has calculatedcorresponding bad-debt provision for the account receivables equaling the above-mentioned claimed amount according to theaccounting standards, which has uncertain influence on the Company.

3. On 10 April 2020, the Company disclosed the Suggestive Announcement on Shareholders’ Equity Changes (Announcement No.:

2020-014) and the Short Form of Report on Shareholders’ Equity Changes. According to the disclosure, the Company’s shareholderChongqing Ezcapital Opto-electronics Industry Investment Co., Ltd. reduced its shareholding of the Company’s unrestricted tradable Ashares by 280,814,800 shares, accounting for 0.0807% of the Company’s total share capital, by means of block trade through thetrading system of Shenzhen Stock Exchange. After the reduction, the shares held of the Company by Chongqing EzcapitalOpto-electronics Industry Investment Co., Ltd. account for about 4.9999997% of the Company’s total share capital, making it no longera shareholder holding more than 5% of the Company’s shares.

4. On 22 April 2020, the Company disclosed the Shareholders’ Announcement on Reducing More than 1% of the Company’s Shares(Announcement No.: 2020-017), Suggestive Announcement on Shareholders’ Equity Changes (Announcement No.: 2020-018) and theShort Form of Report on Shareholders’ Equity Changes. According to the disclosure, the Company’s shareholder Hefei JianxiangInvestment Co., Ltd. gratuitously transferred to Hefei Jianxin Investment Co., Ltd. 800 million shares of unrestricted tradable A sharesit held of the Company (accounting for 2.30% of the Company’s total share capital). After the gratuitous transfer, the shares held of theCompany by Hefei Jianxiang Investment Co., Ltd. account for 4.91% of the Company’s total share capital, making it no longer ashareholder holding more than 5% of the Company’s shares.

5. On 28 April 2020, the Company disclosed the Announcement on the Resolution of the Tenth Meeting of the Ninth Session of theBoard of Directors (Announcement No.: 2020-026) and the Announcement on the Departure of an Independent Director at TenureExpiration and the Selection of a Replacement Independent Director (Announcement No.: 2020-034). According to the disclosure, Mr.Lv Tingjie applied for departing from his position as Independent Director of the Company and other positions in related committeesunder the Board due to the expiration of his tenure as Independent Director. At the Tenth Meeting of the Ninth Session of the Board ofDirectors, the Company considered and approved the Proposal on Selecting Mr. Tang Shoulian as an Independent Director of the NinthSession of the Board of Directors, and nominated Mr. Tang Shoulian as a candidate for Independent Director of the Ninth Session of theBoard of Directors. On May 30, 2020, the Company disclosed the Announcement on the Resolution of the Annual General Meeting of2020 (Announcement No.: 2020-039). At the meeting, the Proposal on Selecting Mr. Tang Shoulian as an Independent Director of theNinth Session of the Board of Directors was considered and approved. Mr. Tang Shoulian has been selected as an Independent Directorof the Ninth Session of the Board of Directors of the Company.

Overview of significant events	Disclosure date	Index to disclosure website for interim report
Announcement on Investment in the Suzhou BOE Hospital	29 June 2020	www.cninfo.com.cn
Announcement on Construction of BOE (Chongqing) Smart System Innovation Center via Investment	29 June 2020	www.cninfo.com.cn
Announcement on Construction of BOE (Chengdu) Smart System Innovation Center via Investment	29 June 2020	www.cninfo.com.cn

XVIII Significant Events of Subsidiaries

□ Applicable √ Not applicable

Part VI Share Changes and Shareholder Information

I Share Changes

1. Share Changes

Unit: share

Item	Before		Increase/decrease (+/-)					After
	Number	Percentage	New issues	Bonus shares	Bonus issue from profit	Other	Subtotal	Number	Percentage
I. Restricted shares	1,724,761	0.00%	0	0	0	1,807,050	1,807,050	3,531,811	0.01%
1. Shares held by the state	0	0.00%	0	0	0		0	0	0.00%
2. Shares held by state-owned corporations	0	0.00%	0	0	0		0	0	0.00%
3. Shares held by other domestic investors	1,724,761	0.00%	0	0	0	1,807,050	1,807,050	3,531,811	0.01%
Among which: shares held by domestic corporations	0	0.00%	0	0	0	0	0	0	0.00%
Shares held by domestic individuals	1,724,761	0.00%	0	0	0	1,807,050	1,807,050	3,531,811	0.01%
4. Shares held by foreign investors	0	0.00%	0	0	0	0	0	0	0.00%
Among which: Shares held by foreign corporations	0	0.00%	0	0	0	0	0	0	0.00%
Shares held by foreign individuals	0	0.00%	0	0	0	0	0	0	0.00%
II. Non-restricted shares	34,796,674,002	100.00%	0	0	0	-1,807,050	-1,807,050	34,794,866,952	99.99%
1. RMB ordinary shares	33,860,560,514	97.30%	0	0	0	-1,807,050	-1,807,050	33,858,753,464	97.30%
2. Domestically listed foreign shares	936,113,488	2.69%	0	0	0	0	0	936,113,488	2.69%
3. Overseas listed foreign shares	0	0.00%	0	0	0	0	0	0	0.00%

4. Other	0	0.00%	0	0	0	0	0	0	0.00%
III. Total shares	34,798,398,763	100.00%	0	0	0	0	0	34,798,398,763	100.00%

Reasons for share changes:

√ Applicable □ Not applicable

Article 3.8.7 of the Guidance on Standard Operations of Listed Companies on Shenzhen Stock Exchange specifies that “When Directors, Supervisors and senior managers of a company that hasbeen listed for at least one year increase their holding of unrestricted shares of the company within the year by means of purchase on the secondary market, share transfer convertible into bonds,exercise of rights and protocols, 75% of the additional unrestricted shares will be automatically locked”. During the Reporting Period, the executives of the Company increased their holding ofthe Company’s shares by 2,409,400 shares, resulting in an increase of 1,807,050 shares in the locked shares of the executives.Approval of share changes:

□ Applicable √ Not applicable

Transfer of share ownership:

□ Applicable √ Not applicable

Progress on any share repurchase:

□ Applicable √ Not applicable

Progress on reducing the repurchased shares by means of centralized bidding:

□ Applicable √ Not applicable

Effects of share changes on the basic and diluted earnings per share, equity per share attributable to the Company’s ordinary shareholders and other financial indicators of the prior year and theprior accounting period, respectively:

□ Applicable √ Not applicable

Other information that the Company considers necessary or is required by the securities regulator to be disclosed:

□ Applicable √ Not applicable

2. Changes in Restricted Shares

√ Applicable □ Not applicable

Unit: Share

Name of the shareholders

Restricted shares amount at the period-begin

Restricted shares relieved of the period

Restricted shares increased of the period

Restricted shares amount at the period-end

Restricted reasons

Restricted shares relieved date

Shares locked by senior executives	1,724,761	0	1,807,050	3,531,811	Shareholding increase	-
Total	1,724,761	0	1,807,050	3,531,811	--	--

II Issuance and Listing of Securities

√ Applicable □ Not applicable

Name of Stock and derivative securities thereof	Issue date	issue price (interest)	Issue amount	Listing date	Approved amount for listing	Termination date for trading	Disclosure index	Disclosure date
Stock
None
Convertible corporate bonds, convertible corporate bonds separately traded and corporate bonds
2020 Public Offering of Renewable Corporate Bonds of BOE (for qualified investors) (Phase I) (epidemic prevention and control bonds)	27 February 2020	3.64%	200,000	12 March 2020	200,000	28 February 2023	Refer to the Listing Memorandum of 2020 Public Offering of Renewable Corporate Bonds of BOE (for qualified investors) (Phase I) (epidemic prevention and control bonds) disclosed on www.cninfo.com.cn for details	12 March 2020
2020 Public Offering of Renewable Corporate Bonds of BOE (for qualified investors) (Phase II) (epidemic prevention and control bonds)	18 March 2020	3.54%	200,000	3 April 2020	200,000	19 March 2023	Refer to the Listing Memorandum of 2020 Public Offering of Renewable Corporate Bonds of BOE (for qualified investors) (Phase II) (epidemic prevention and control bonds) disclosed on www.cninfo.com.cn for details	3 April 2020

2020 Public Offering of Renewable Corporate Bonds of BOE (for qualified investors) (Phase III) (epidemic prevention and control bonds)	24 April 2020	3.50%	200,000	12 May 2020	200,000	27 April 2023	Refer to the Listing Memorandum of 2020 Public Offering of Renewable Corporate Bonds of BOE (for qualified investors) (Phase III) (epidemic prevention and control bonds) disclosed on www.cninfo.com.cn for details	12 May 2020
Other derivative securities
None

Notes:

On 28 February 2020, the Company completed the public offering of the renewable corporate bonds (to qualified investors) (the first issue) (epidemic prevention and control bonds) with theissue price of RMB100/piece, the issue scale of RMB2 billion and the ultimate nominal interest of 3.64% which have been listed on Shenzhen Stock Exchange on 12 March 2020.On 19 March 2020, the Company completed the public offering of the renewable corporate bonds (to qualified investors) (the second issue) (epidemic prevention and control bonds) with theissue price of RMB100/piece, the issue scale of RMB2 billion and the ultimate nominal interest of 3.54% which have been listed on Shenzhen Stock Exchange on 3 April 2020.On 27 April 2020, the Company completed the public offering of the renewable corporate bonds (to qualified investors) (the third issue) (epidemic prevention and control bonds) with the issueprice of RMB100/piece, the issue scale of RMB2 billion and the ultimate nominal interest of 3.50% which have been listed on Shenzhen Stock Exchange on 12 May 2020.III Shareholders and Their Holdings as at the Period-End

Unit: share

Number of ordinary shareholders at the Period-end		1,370,643 (including 1,330,399 A-shareholders and 40,244 B-shareholders)
5% or greater ordinary shareholders or top 10 ordinary shareholders
Name of shareholder	Nature of shareholder	Shareholding percentage	Total ordinary shares held at the period-end	Increase/decrease in the Reporting Period	Restricted ordinary shares held	Unrestricted ordinary shares held	Shares in pledge or frozen
							Status	Shares
Beijing State-owned Capital Operation and Management Center	State-owned legal person	11.68%	4,063,333,333	0	0	4,063,333,333	N/A	0

Hong Kong Securities Clearing Company Ltd.	Foreign legal person	4.60%	1,601,382,703	273,047,098	0	1,601,382,703	N/A	0
Hefei Jianxiang Investment Co., Ltd.	State-owned legal person	3.91%	1,362,162,510	-1,147,980,443	0	1,362,162,510	N/A	0
Chongqing Ezcapital Opto-electronics Industry Investment Co., Ltd.	State-owned legal person	3.91%	1,359,820,041	-660,914,600	0	1,359,820,041	N/A	0
Beijing BOE Investment & Development Co., Ltd.	State-owned legal person	2.36%	822,092,180	0	0	822,092,180	N/A	0
Hefei Jianxin Investment Co., Ltd.	State-owned legal person	2.30%	800,000,000	800,000,000	0	800,000,000	N/A	0
Beijing Yizhuang Investment Holdings Co., Ltd	State-owned legal person	1.96%	682,765,474	-232,992,526	0	682,765,474	N/A	0
GCAMC-ICBC-Generali China-Qihang Asset Management Product No.1	Domestic non-state-owned legal person	0.94%	325,728,500	325,728,500	0	325,728,500	N/A	0
GCAMC-ICBC-Generali China-Chengping Asset Management Product No.1	Domestic non-state-owned legal person	0.88%	305,643,700	305,643,700	0	305,643,700	N/A	0
Beijing Electronics Holdings Co., Ltd.	State-owned legal person	0.79%	273,735,583	0	0	273,735,583	N/A	0
Strategic investors or general corporations becoming top-ten ordinary shareholders due to placing of new shares (if any)		Naught
Related or acting-in-concert parties among the shareholders above		1. Beijing State-owned Capital Operation and Management Center held 100% equities of Beijing Electronics Holdings Co., Ltd. 2. Beijing Electronics Holdings Co., Ltd. held 66.25% equities of Beijing BOE Investment & Development Co., Ltd. and was its controlling shareholder. 3. After the non-public issuing of BOE in 2014, Hefei Jianxiang Investment Co., Ltd. and Chongqing Ezcapital Opto-electronics Industry Investment Co., Ltd, by entering into Implementation Protocol of Voting Right respectively, agreed to maintain all of the shares held by them respectively unanimous with Beijing BOE Investment & Development Co., Ltd. when executing the voting rights of the shareholders. 4. After the non-public issuing of the Company in 2014, Beijing State-owned Capital Operation and Management Center handed over 70% of the shares directly held by it to Beijing Electronics Holdings Co., Ltd. for management through Stock Management Protocol, and Beijing Electronics Holdings Co., Ltd. gained the incidental shareholders’ rights except for disposing right and usufruct of the shares, of which the rest 30% voting

	right maintained unanimous with Beijing Electronics Holdings Co., Ltd. through the agreement according to Implementation Protocol of Voting Right. 5. Except for the above relationships, the Company does not know any other connected party or acting-in-concert party among the top 10 shareholders.
Shareholdings of the top ten unrestricted ordinary shareholders
Name of shareholder	Number of unrestricted ordinary shares held at the period-end	Shares by type
		Type	Shares
Beijing State-owned Capital Operation and Management Center	4,063,333,333	RMB ordinary share	4,063,333,333
Hong Kong Securities Clearing Company Ltd.	1,601,382,703	RMB ordinary share	1,601,382,703
Hefei Jianxiang Investment Co., Ltd.	1,362,162,510	RMB ordinary share	1,362,162,510
Chongqing Ezcapital Opto-electronics Industry Investment Co., Ltd.	1,359,820,041	RMB ordinary share	1,359,820,041
Beijing BOE Investment & Development Co., Ltd.	822,092,180	RMB ordinary share	822,092,180
Hefei Jianxin Investment Co., Ltd.	800,000,000	RMB ordinary share	800,000,000
Beijing Yizhuang Investment Holdings Co., Ltd	682,765,474	RMB ordinary share	682,765,474
GCAMC-ICBC-Generali China-Qihang Asset Management Product No.1	325,728,500	RMB ordinary share	325,728,500
GCAMC-ICBC-Generali China-Chengping Asset Management Product No.1	305,643,700	RMB ordinary share	305,643,700
Beijing Electronics Holdings Co., Ltd.	273,735,583	RMB ordinary share	273,735,583
Related or acting-in-concert parties among top 10 unrestricted ordinary shareholders, as well as between top 10 unrestricted ordinary shareholders and top 10 shareholders	1. Beijing State-owned Capital Operation and Management Center held 100% equities of Beijing Electronics Holdings Co., Ltd. 2. Beijing Electronics Holdings Co., Ltd. held 66.25% equities of Beijing BOE Investment & Development Co., Ltd. and was its controlling shareholder. 3. After the non-public issuing of BOE in 2014, Hefei Jianxiang Investment Co., Ltd. and Chongqing Ezcapital Opto-electronics Industry Investment Co., Ltd., by entering into Implementation Protocol of Voting Right respectively, agreed to maintain all of the shares held by them respectively unanimous with Beijing BOE Investment & Development Co., Ltd. when executing the voting rights of the shareholders. 4. After the non-public issuing of the Company in 2014, Beijing State-owned Capital Operation and Management

Center handed over 70% of the shares directly held by it to Beijing Electronics Holdings Co., Ltd. for management through Stock Management Protocol, and Beijing Electronics Holdings Co., Ltd. gained the incidental shareholders’ rights except for disposing right and usufruct of the shares, of which the rest 30% voting right maintained unanimous with Beijing Electronics Holdings Co., Ltd. through the agreement according to Implementation Protocol of Voting Right. 5. Except for the above relationships, the Company does not know any other connected party or acting-in-concert party among the top 10 shareholders.

Top 10 ordinary shareholders involved in securities margin trading (if any)

The shares held by Beijing Yizhuang Investment Holdings Co., Ltd. in the Company decreased by 13,824,800 shares due to engaging in securities financing.

Indicate by tick mark whether any of the top 10 ordinary shareholders or the top 10 unrestricted ordinary shareholders of the Company conducted any promissory repo during the ReportingPeriod.

□ Yes √ No

No such cases in the Reporting Period.

IV Change of the Controlling Shareholder or the De Facto Controller

Change of the controlling shareholder in the Reporting Period

□ Applicable √ Not applicable

No such cases in the Reporting Period.Change of the de facto controller in the Reporting Period

□ Applicable √ Not applicable

No such cases in the Reporting Period.

Part VII Preference Shares

□ Applicable √ Not applicable

No preference shares in the Reporting Period.

Part VIII Convertible Corporate Bonds

□ Applicable √ Not applicable

No convertible corporate bonds in the Reporting Period.

Part IX Directors, Supervisors and Senior Management

I Change in Shareholdings of Directors, Supervisors and Senior Management

√ Applicable □ Not applicable

Name	Office title	Incumbent/Former	Beginning shareholding (share)	Increase in the Reporting Period (share)	Decrease in the Reporting Period (share)	Ending shareholding (share)	Restricted shares granted at the period-beginning (share)	Restricted shares granted in the Reporting Period (share)	Restricted shares granted at the period-end (share)
Chen Yanshun	Chairman of the Board, Chief of Executive Committee	Incumbent	600,000	300,000	0	900,000	0	0	0
Pan Jinfeng	Vice Chairman of the Board	Incumbent	0	0	0	0	0	0	0
Liu Xiaodong	Vice Chairman of the Board, President, Vice Chairman of Executive Committee	Incumbent	250,000	430,000	0	680,000	0	0	0
Wang Chenyang	Director	Incumbent	0	0	0	0	0	0	0
Song Jie	Director	Incumbent	0	0	0	0	0	0	0
Sun Yun	Director, member of Executive Committee, Executive vice president, CFO	Incumbent	223,981	265,500	0	489,481	0	0	0
Gao Wenbao	Director, member of Executive Committee, Executive vice president, CEO of the Display and Sensor BG	Incumbent	90,700	270,000	0	360,700	0	0	0
Li Yantao	Director	Incumbent	0	0	0	0	0	0	0
Wang Huacheng	Independent director	Incumbent	0	0	0	0	0	0	0
Hu Xiaolin	Independent director	Incumbent	0	0	0	0	0	0	0
Li Xuan	Independent director	Incumbent	0	0	0	0	0	0	0

Tang Shoulian	Independent director	Incumbent	0	0	0	0	0	0	0
Yang Xiangdong	Chairman of the Supervisory Committee	Incumbent	0	0	0	0	0	0	0
Xu Tao	Supervisor	Incumbent	0	0	0	0	0	0	0
Wei Shuanglai	Supervisor	Incumbent	0	0	0	0	0	0	0
Chen Xiaobei	Supervisor	Incumbent	0	0	0	0	0	0	0
Shi Hong	Supervisor	Incumbent	0	0	0	0	0	0	0
Xu Yangping	Employee supervisor	Incumbent	0	35,000	0	35,000	0	0	0
He Daopin	Employee supervisor	Incumbent	0	32,600	0	32,600	0	0	0
Yan Jun	Employee supervisor	Incumbent	0	32,000	0	32,000	0	0	0
Teng Jiao	Employee supervisor	Incumbent	0	55,200	0	55,200	0	0	0
Yao Xiangjun	Member of Executive Committee, Executive vice president, CEO of the Digital Art IoT Platform BG	Incumbent	100,000	165,000	0	265,000	0	0	0
Zhang Zhaohong	Member of Executive Committee, Executive vice president	Incumbent	328,700	170,100	0	498,800	0	0	0
Zhong Huifeng	Member of Executive Committee, Executive vice president, Chief Human Resource Officer	Incumbent	150,000	160,000	0	310,000	0	0	0
Feng Liqiong	Member of Executive Committee, Executive vice president, lead counsel	Incumbent	200,000	160,000	0	360,000	0	0	0
Xie Zhongdong	Member of Executive Committee, Senior vice president, Auditor General, Chief Risk Officer	Incumbent	200,000	107,000	0	307,000	0	0	0
Miao Chuanbin	Member of Executive Committee, vice president, Chief Culture	Incumbent	1,800	107,000	0	108,800	0	0	0

	Officer
Liu Hongfeng	Vice president, Secretary of the Board	Incumbent	154,500	120,000	0	274,500	0	0	0
Lv Tingjie	Independent director	Former	0	0	0	0	0	0	0
Total	--	--	2,299,681	2,409,400	0	4,709,081	0	0	0

II Change of Directors, Supervisors and Senior Management

√ Applicable □ Not applicable

Name	Office title	Type of change	Date of change	Reason for change
Lv Tingjie	Independent director	Left for term expiration	29 May 2020	Left for term expiration
Tang Shoulian	Independent director	Elected	29 May 2020	Elected

Part X Corporate Bonds

Does the Company have any corporate bonds publicly offered on the stock exchange, which were outstanding before the date of thisReport’s approval or were due but could not be redeemed in full?YesI. Basic Information of the Corporate Bonds

Bond name	Abbr.	Bond code	Date of issue	Maturity	Balance (RMB’0,000)	Coupon rate	Way of redemption
2019 Public Offering of Renewable Corporate Bonds of BOE (for qualified investors) (Phase I)	19BOEY1	112741	28 October 2019	29 October 2022	800,000	4.00%	If the issuer does not execute its right in the deferred interest payment, corresponding interests shall be paid for this issue of bonds yearly, and the last installment of interest shall be paid with the redemption of principal.
2020 Public Offering of Renewable Corporate Bonds of BOE (for qualified investors) (Phase I) (epidemic prevention and control bonds)	20BOEY1	149046	27 February 2020	28 February 2023	200,000	3.64%	If the issuer does not execute its right in the deferred interest payment, corresponding interests shall be paid for this issue of bonds yearly, and the last installment of interest shall be paid with the redemption of principal.
2020 Public Offering of Renewable Corporate Bonds of BOE (for qualified investors) (Phase II) (epidemic prevention and control bonds)	20BOEY2	149065	18 March 2020	19 March 2023	200,000	3.54%	If the issuer does not execute its right in the deferred interest payment, corresponding interests shall be paid for this issue of bonds yearly, and the last installment of interest shall be paid with the redemption of principal.

2020 Public Offering of Renewable Corporate Bonds of BOE (for qualified investors) (Phase III) (epidemic prevention and control bonds)	20BOEY3	149108	24 April 2020	27 April 2023	200,000	3.50%	If the issuer does not execute its right in the deferred interest payment, corresponding interests shall be paid for this issue of bonds yearly, and the last installment of interest shall be paid with the redemption of principal.
Listed or transferred trading place of the Company bonds		List on the SZSE.
Appropriate arrangement of the investors		the qualified investors
Interest payment during the Reporting Period		No such cases as of the approval disclosure date of this report.
Execution of the relevant regulations during the Reporting Period such as the affiliated option clause of the issuers or investors, special clauses such as the exchangeable regulations of the Company bonds (if applicable)		For the renewable corporate bonds “19BOEY1”, “20BOEY1”, “20BOEY2” and “20BOEY3” 3 interest-bearing years shall be regarded as a cycle. At the end of each cycle, the issuer shall have the right to conditionally extend the issue of bonds for another cycle (3 years) or choose to fully redeem the due bonds at the end of the cycle. All bonds issued in the Reporting Period entitle the issuer the right in the deferred interest payment. As of the approval quotation date of the Interim Report, these bonds have not yet been executed.

II. List of the Bond Trustee and the Rating Organization

Bond trustee:
Name	China Securities Co., Ltd.	Office address	Rm. 2203, North Tower, Shanghai Securities Plaza, 528 Pudong Road South, Shanghai		Contact person	Zhu Mingqiang, Han Yong, Liao Ling, Xu Tianquan	Contact number	021-68801569
Rating organization executed the tracking rating of the corporate bonds of the Reporting Period:
Name	United Ratings Co., Ltd.				Office address	12/F, PICC Building, No.2 Jianwai Street, Chaoyang District, Beijing
Alternation reasons, execution process and influences on the investors’ interests etc. if there was alternation of the bond trustees and the credit rating agencies engaged by the Company during the Reporting Period (if applicable)				Not applicable

III. List of the Usage of the Raised Funds of the Corporate Bonds

List of the usage of the raised funds and the execution process of the Company bonds	The Company executed the internal decision-making process strictly according to the applications committed by the prospectus as well as the review and approval regulations of the Board of Directors and meetings of shareholders of the Company.
Ending balance (RMB’0,000)	19BOEY1: RMB4.5993 million 20BOEY1:RMB1.1806 million 20BOEY2:RMB2.0338 million 20BOEY3:RMB304.7507 million
Operating situation of the raised funds special account	1. The Company signed the Agreement on BOE’s Public Issue of Renewable Corporate Bonds Account and Three-party Supervision of Funds regarding the first public offering of renewable corporate bonds in 2019 with Beijing Branch of Ping An Bank, CITIC Bank Beijing Branch, BDA Sub-branch of ABC Bank, and BDA Sub-branch of ICBC Bank and opened a special bank account for the raised fund so as to earmark the fund for its specified purpose only. 2. The Company signed the Agreement on BOE’s Public Issue of Renewable Corporate Bonds Account and Three-party Supervision of Funds regarding the first public offering of renewable corporate bonds in 2020 with Beijing Branch of CMBC, BDA Sub-branch of ABC Bank and BDA Sub-branch of ICBC and opened a special bank account for the raised fund so as to earmark the fund for its specified purpose only. 3. The Company signed the Agreement on BOE’s Public Issue of Renewable Corporate Bonds Account and Three-party Supervision of Funds regarding the second public offering of renewable corporate bonds in 2020 with BDA Sub-branch of ABC Bank and BDA Sub-branch of ICBC and opened a special bank account for the raised fund so as to earmark the fund for its specified purpose only. 4. The Company signed the Agreement on BOE’s Public Issue of Renewable Corporate Bonds Account and Three-party Supervision of Funds regarding the third public offering of renewable corporate bonds in 2020 with BDA Sub-branch of ABC Bank and BDA Sub-branch of ICBC and opened a special bank account for the raised fund so as to earmark the fund for its specified purpose only.
Whether the usage of the raised funds met with the usage, using plan and other agreements committed on the prospectus	Yes

IV. Rating Situation of the Corporate Bonds Information

Bond name	Corporate credit rating	Outlook on corporate rating	Credit rating of corporate bonds	Letter of credit rating	Date of report disclosure
19BOEY1	AAA	Stable	AAA	LH[2019]No.2141	23 October 2019

20BOEY1	AAA	Stable	AAA	LH[2020]No.236	25 February 2020
20BOEY2	AAA	Stable	AAA	LHPZ[2020]No.376	16 March 2020
20BOEY3	AAA	Stable	AAA	LH[2020]No.692	22 April 2020

On 19 June 2020, United Credit Ratings Co., Ltd. (hereinafter referred to as “United Ratings”) issued the Follow-up Rating Report of2020 for the Renewable Corporate Bonds of BOE Technology Group Co., Ltd.. According to the Report, the issuer was granted witha corporate long-term credit rating of AAA with rating outlook rated as Stable; the bond credit rating remained AAA. The Follow-upRating Report was published on http://www.cninfo.com.cn/ and the website of United Ratings at www.unitedratings.com.cn. on 22June 2020.V. Credit-adding Mechanism, Repayment Plan and Other Repayment Guarantee Measures ofthe Corporate Bonds“19BOEY1”, “20BOEY1”, “20BOEY2” and “20BOEY3” renewable corporate bonds are unsecured bonds without any other creditenhancement measures.“19BOEY1” Bond Retirement Plan can be described as follows: (1) the value date of this issue of bonds is 29 October 2019; (2) ifthe issuer does not execute the right of deferred payment of interest, corresponding interests shall be paid yearly upon matured, andeach October 29 (in case of official holidays or weekends, it shall postpone to the next working day) within the existing period shallbe the interest payment day for the previous interest-bearing year; (3) the issuer of corporate bonds shall have the option for renewal.If the issuer chooses to extend the bonds’ duration in the renewal option execution year, the bonds’ duration shall extend for anothercycle from the interest payment day of the interest-bearing year. If the issuer chooses to fully redeem the bonds in the renewal optionexecution year, the interest payment day of the interest-bearing year shall be the bonds’ redemption day.“20BOEY1” Bond Retirement Plan can be described as follows: (1) the value date of this issue of bonds is 28 February 2020; (2) ifthe issuer does not execute the right of deferred payment of interest, corresponding interests shall be paid yearly upon matured, andeach February 28 (in case of official holidays or weekends, it shall postpone to the next working day) within the existing period shallbe the interest payment day for the previous interest-bearing year; (3) the issuer of corporate bonds shall have the option for renewal.If the issuer chooses to extend the bonds’ duration in the renewal option execution year, the bonds’ duration shall extend for anothercycle from the interest payment day of the interest-bearing year. If the issuer chooses to fully redeem the bonds in the renewal optionexecution year, the interest payment day of the interest-bearing year shall be the bonds’ redemption day.“20BOEY2” Bond Retirement Plan can be described as follows: (1) the value date of this issue of bonds is 19 March 2020; (2) if theissuer does not execute the right of deferred payment of interest, corresponding interests shall be paid yearly upon matured, and eachMarch 19 (in case of official holidays or weekends, it shall postpone to the next working day) within the existing period shall be theinterest payment day for the previous interest-bearing year; (3) the issuer of corporate bonds shall have the option for renewal. If theissuer chooses to extend the bonds’ duration in the renewal option execution year, the bonds’ duration shall extend for another cyclefrom the interest payment day of the interest-bearing year. If the issuer chooses to fully redeem the bonds in the renewal optionexecution year, the interest payment day of the interest-bearing year shall be the bonds’ redemption day.“20BOEY3” Bond Retirement Plan can be described as follows: (1) the value date of this issue of bonds is 27 April 2020; (2) if theissuer does not execute the right of deferred payment of interest, corresponding interests shall be paid yearly upon matured, and eachApril 27 (in case of official holidays or weekends, it shall postpone to the next working day) within the existing period shall be theinterest payment day for the previous interest-bearing year; (3) the issuer of corporate bonds shall have the option for renewal. If theissuer chooses to extend the bonds’ duration in the renewal option execution year, the bonds’ duration shall extend for another cyclefrom the interest payment day of the interest-bearing year. If the issuer chooses to fully redeem the bonds in the renewal optionexecution year, the interest payment day of the interest-bearing year shall be the bonds’ redemption day.The repayment guarantee measures of the corporate bonds of “19BOEY1”, “20BOEY1”, “20BOEY2” and “20BOEY3”: to formulatethe Meeting Regulations of the Bondholders and the repayment guarantee measures; to formulate and strictly carry out the fundsmanagement plans; to fully exert the functions of the bond trustees; to strictly disclose the information; at the same time, whenexpected to fail to repay the principals and interest of the bonds on time or failed to repay the principals and interest of the bondswhen expired, the Company will at least adopt the measures of the execution of the capital expenditures projects such as to postpone

the significant external investment and the purchase as well as merger and so on that guarantee the repayment of the debts.During the Reporting Period and before the approval quotation date of this Report, there was no alternation of the credit-addingmechanism, debt repayment plan and other repayment guarantee measures of the corporate bonds.

VI. Convene Situation of the Bonds Holders Meeting during the Reporting PeriodDuring the Reporting Period, no bonds holders meeting was convened.VII. List of the Duty Execution of the Bonds Trustee during the Reporting PeriodAs the bonds trustee of the Reporting Period, China Securities Co., Ltd. constantly paid attention to the operating, finance and creditsituation of the Company strictly according to the relevant laws and regulations such as the Regulations of the Offering and Tradingof the Corporate Bonds, Professional Code of Conduct of the Bond Trustee of the Corporate Bonds and vigorously executed theresponsibilities as a trustee as well as maintained the legal interests of the bondholders; there was no any situation conflicted to theCompany’s interests when executing the relevant responsibilities of the trustee.VIII. The Major Accounting Data and the Financial Indicators of the Company up thePeriod-end of the Year and the Period-end of Last Year (or the Reporting Period and theSame Period of Last Year)

Unit: RMB’0,000

Item	30 June 2020	31 December 2019	Change
Current ratio	1.37	1.33	4.15%
Debt/asset ratio	57.18%	58.56%	-1.38%
Quick ratio	1.17	1.17	-0.84%
	H1 2020	H1 2019	Change
EBITDA-to-interest coverage (times)	5.37	6.29	-14.63%
Loan repayment rate	100.00%	100.00%	0.00%
Interest coverage	100.00%	100.00%	0.00%

Main reason of the above accounting data and the financial indicators with the YoY change exceeded 30%

□ Applicable √ Not applicable

IX. Overdue Debts of the Company

□ Applicable √ Not applicable

No such cases in the Reporting Period.

X. List of the Interest Payment of Other Bonds and Debt Financing Instruments during theReporting PeriodThe Company paid interest of the private placement bond Euro PP for the period from 24 December 2019 to 30 June 2020 on 30 June

2020.

XI. List of the Acquired Bank Credit Lines, Usage and the Repayment of the Bank Loans

The Company has standardized operation, good reputation, strong profitability and solvency. It has a good credit status with majorbanks. It has maintained long-term partnership with major domestic commercial banks, obtained higher credit lines from variousbanks, and has indirect debt financing capabilities Strong. Up to 30 June 2020, the total amount of credit lines from major banks wasRMB54.805 billion with the used credit lines of RMB21.838 billion and the unused credit lines of RMB32.967 billion. The Companyhas a good record of debt repayment. The principals and the interest of bank loans were repaid on time. No bank loans were extendedin the Reporting Period.XII. List of the Execution of the Agreements or the Commitments Related to the CompanyBonds Raising Specification during the Reporting PeriodUp to the approval quotation date of this Report, the Company strictly carried out each agreement and commitment of the currentbond prospectus, and there was no any situation of the inefficient execution of the relevant agreements or commitments according tothe bond prospectus by the Company that caused the negative influences on the bonds investors.XIII. Significant Events Occurring during the Reporting PeriodAs of the approval quotation date of this Report, no significant events presented in Article 45 of Measures for the Administration ofCorporate Bond Issuance and Trading occurred.

XIV. Whether there Was Guarantor of the Corporate Bonds

□ Yes √ No

Part XI Financial StatementsI Independent Auditor’s ReportAre these interim financial statements audited by an independent auditor?

□ Yes √ No

The interim financial statements of the Company have not been audited.II Financial StatementsCurrency unit for the financial statements and the notes thereto: RMB

1. Consolidated Balance Sheet

Prepared by BOE Technology Group Co., Ltd.

Unit: RMB

Item	30 June 2020	31 December 2019
Current assets:
Monetary assets	56,664,936,805.00	56,972,723,239.00
Settlement reserve	0.00	0.00
Interbank loans granted	0.00	0.00
Held-for-trading financial assets	1,703,603,212.00	5,809,184,994.00
Derivative financial assets	0.00	0.00
Notes receivable	168,810,477.00	331,145,492.00
Accounts receivable	25,090,017,046.00	18,135,687,806.00
Accounts receivable financing	0.00	0.00
Prepayments	619,660,209.00	626,985,706.00
Premiums receivable	0.00	0.00
Reinsurance receivables	0.00	0.00
Receivable reinsurance contract reserve	0.00	0.00
Other receivables	922,734,426.00	706,171,112.00
Including: Interest receivable	261,751,688.00	215,977,831.00
Dividends receivable	1,842,137.00	0.00
Financial assets purchased under resale agreements	0.00	0.00
Inventories	16,802,992,439.00	12,396,194,762.00
Contract assets	0.00	0.00

Assets held for sale	186,162,064.00	173,910,820.00
Current portion of non-current assets	0.00	0.00
Other current assets	8,850,056,230.00	9,296,637,067.00
Total current assets	111,008,972,908.00	104,448,640,998.00
Non-current assets:
Loans and advances to customers	0.00	0.00
Investments in debt obligations	0.00	0.00
Investments in other debt obligations	0.00	0.00
Long-term receivables	0.00	0.00
Long-term equity investments	3,226,236,650.00	2,718,037,934.00
Investments in other equity instruments	538,901,485.00	632,076,647.00
Other non-current financial assets	0.00	0.00
Investment property	1,218,525,163.00	1,241,242,850.00
Fixed assets	129,357,821,228.00	125,786,241,938.00
Construction in progress	87,865,177,206.00	87,376,782,527.00
Productive living assets	0.00	0.00
Oil and gas assets	0.00	0.00
Right-of-use assets	0.00	0.00
Intangible assets	7,469,227,420.00	7,416,416,829.00
Development costs	0.00	0.00
Goodwill	707,603,856.00	707,603,856.00
Long-term prepaid expense	318,101,756.00	345,424,409.00
Deferred income tax assets	212,735,560.00	248,153,761.00
Other non-current assets	8,810,538,022.00	9,491,581,559.00
Total non-current assets	239,724,868,346.00	235,963,562,310.00
Total assets	350,733,841,254.00	340,412,203,308.00
Current liabilities:
Short-term borrowings	3,905,000,000.00	6,366,717,121.00
Borrowings from the central bank	0.00	0.00
Interbank loans obtained	0.00	0.00
Held-for-trading financial liabilities	0.00	0.00
Derivative financial liabilities	0.00	0.00
Notes payable	534,954,096.00	2,028,917,980.00
Accounts payable	27,004,911,428.00	21,183,567,553.00

Advances from customers	223,482,978.00	1,260,732,785.00
Contract liabilities	1,493,099,046.00	0.00
Financial assets sold under repurchase agreements	0.00	0.00
Customer deposits and interbank deposits	0.00	0.00
Payables for acting trading of securities	0.00	0.00
Payables for underwriting of securities	0.00	0.00
Employee benefits payable	2,164,711,473.00	2,373,745,454.00
Taxes payable	817,945,352.00	730,996,129.00
Other payables	23,641,776,889.00	24,570,589,610.00
Including: Interest payable	710,661,198.00	721,325,540.00
Dividends payable	763,295,624.00	14,568,242.00
Handling charges and commissions payable	0.00	0.00
Reinsurance payables	0.00	0.00
Liabilities directly associated with assets held for sale	0.00	0.00
Current portion of non-current liabilities	19,535,765,418.00	18,849,281,019.00
Other current liabilities	1,463,441,331.00	1,013,738,515.00
Total current liabilities	80,785,088,011.00	78,378,286,166.00
Non-current liabilities:
Insurance contract reserve	0.00	0.00
Long-term borrowings	108,326,061,098.00	107,730,595,615.00
Bonds payable	402,807,335.00	387,878,384.00
Including: Preferred shares	0.00	0.00
Perpetual bonds	0.00	0.00
Lease liabilities	0.00	0.00
Long-term payables	988,461,326.00	984,520,824.00
Long-term employee benefits payable	0.00	0.00
Provisions	0.00	16,457,010.00
Deferred income	2,257,314,653.00	2,204,400,566.00
Deferred income tax liabilities	1,437,216,033.00	1,451,825,357.00
Other non-current liabilities	6,352,009,778.00	8,200,542,412.00
Total non-current liabilities	119,763,870,223.00	120,976,220,168.00
Total liabilities	200,548,958,234.00	199,354,506,334.00
Owners’ equity:
Share capital	34,798,398,763.00	34,798,398,763.00

Other equity instruments	14,198,004,550.00	8,013,156,853.00
Including: Preferred shares	0.00	0.00
Perpetual bonds	14,198,004,550.00	8,013,156,853.00
Capital reserves	38,353,247,285.00	38,353,242,364.00
Less: Treasury stock	0.00	0.00
Other comprehensive income	210,365,489.00	-4,566,639.00
Specific reserve	0.00	0.00
Surplus reserves	2,050,045,823.00	1,516,139,709.00
General reserve	0.00	0.00
Retained earnings	12,062,470,557.00	12,381,758,005.00
Total equity attributable to owners of the Company as the parent	101,672,532,467.00	95,058,129,055.00
Non-controlling interests	48,512,350,553.00	45,999,567,919.00
Total owners’ equity	150,184,883,020.00	141,057,696,974.00
Total liabilities and owners’ equity	350,733,841,254.00	340,412,203,308.00

Legal representative: ChenYanshun Chief Executive Officer: Liu XiaodongChief Financial Officer: Sun Yun Head of the Company’s Financial Department: Yang Xiaoping

2. Balance Sheet of the Company as the Parent

Unit: RMB

Item	30 June 2020	31 December 2019
Current assets:
Monetary assets	1,638,764,473.00	3,680,770,048.00
Held-for-trading financial assets	0.00	0.00
Derivative financial assets	0.00	0.00
Notes receivable	85,891,108.00	84,230,531.00
Accounts receivable	4,495,576,822.00	646,533,115.00
Accounts receivable financing	0.00	0.00
Prepayments	120,568,313.00	77,682,682.00
Other receivables	7,697,157,878.00	4,827,398,094.00
Including: Interest receivable	7,470,410.00	11,884,080.00

Dividends receivable	701,842,137.00	941,634,611.00
Inventories	16,200,208.00	13,935,401.00
Contract assets	0.00	0.00
Assets held for sale	0.00	0.00
Current portion of non-current assets	0.00	0.00
Other current assets	81,469,440.00	109,497,897.00
Total current assets	14,135,628,242.00	9,440,047,768.00
Non-current assets:
Investments in debt obligations	0.00	0.00
Investments in other debt obligations	0.00	0.00
Long-term receivables	0.00	0.00
Long-term equity investments	165,875,792,085.00	159,389,864,760.00
Investments in other equity instruments	88,891,354.00	79,405,724.00
Other non-current financial assets	0.00	0.00
Investment property	275,688,506.00	280,525,802.00
Fixed assets	994,658,226.00	949,104,308.00
Construction in progress	288,193,720.00	358,933,667.00
Productive living assets	0.00	0.00
Oil and gas assets	0.00	0.00
Right-of-use assets	0.00	0.00
Intangible assets	1,429,917,051.00	1,493,632,264.00
Development costs	0.00	0.00
Goodwill	0.00	0.00
Long-term prepaid expense	118,146,162.00	109,216,398.00
Deferred income tax assets	0.00	360,268,466.00
Other non-current assets	158,505,089.00	162,516,190.00
Total non-current assets	169,229,792,193.00	163,183,467,579.00
Total assets	183,365,420,435.00	172,623,515,347.00
Current liabilities:
Short-term borrowings	0.00	1,220,000,000.00
Held-for-trading financial liabilities	0.00	0.00
Derivative financial liabilities	0.00	0.00
Notes payable	0.00	0.00
Accounts payable	77,087,988.00	27,919,341.00

Advances from customers	6,528,350.00	2,117,568,995.00
Contract liabilities	7,207,650.00	0.00
Employee benefits payable	135,333,566.00	252,206,075.00
Taxes payable	19,828,380.00	107,287,957.00
Other payables	3,973,514,578.00	5,260,470,974.00
Including: Interest payable	266,325,652.00	95,859,219.00
Dividends payable	683,696,876.00	6,451,171.00
Liabilities directly associated with assets held for sale	0.00	0.00
Current portion of non-current liabilities	12,610,440,787.00	5,490,440,787.00
Other current liabilities	12,731,849.00	1,423,133.00
Total current liabilities	16,842,673,148.00	14,477,317,262.00
Non-current liabilities:
Long-term borrowings	30,490,701,574.00	33,310,701,574.00
Bonds payable	0.00	0.00
Including: Preferred shares	0.00	0.00
Perpetual bonds	0.00	0.00
Lease liabilities	0.00	0.00
Long-term payables	0.00	0.00
Long-term employee benefits payable	0.00	0.00
Provisions	0.00	0.00
Deferred income	4,085,617,614.00	4,627,393,256.00
Deferred income tax liabilities	583,341,639.00	0.00
Other non-current liabilities	32,676,661,805.00	33,297,240,830.00
Total non-current liabilities	67,836,322,632.00	71,235,335,660.00
Total liabilities	84,678,995,780.00	85,712,652,922.00
Owners’ equity:
Share capital	34,798,398,763.00	34,798,398,763.00
Other equity instruments	14,198,004,550.00	8,013,156,853.00
Including: Preferred shares	0.00	0.00
Perpetual bonds	14,198,004,550.00	8,013,156,853.00
Capital reserves	37,607,708,927.00	37,608,039,685.00
Less: Treasury stock	0.00	0.00
Other comprehensive income	400,107,810.00	193,638,576.00
Specific reserve	0.00	0.00

Surplus reserves	2,050,045,823.00	1,516,139,709.00
Retained earnings	9,632,158,782.00	4,781,488,839.00
Total owners’ equity	98,686,424,655.00	86,910,862,425.00
Total liabilities and owners’ equity	183,365,420,435.00	172,623,515,347.00

3. Consolidated Income Statement

Unit: RMB

Item	H1 2020	H1 2019
1. Revenue	60,867,073,506.00	55,039,208,687.00
Including: Operating revenue	60,867,073,506.00	55,039,208,687.00
Interest income	0.00	0.00
Insurance premium income	0.00	0.00
Handling charge and commission income	0.00	0.00
2. Costs and expenses	60,199,420,312.00	53,891,069,026.00
Including: Cost of sales	51,269,591,109.00	45,812,333,231.00
Interest expense	0.00	0.00
Handling charge and commission expense	0.00	0.00
Surrenders	0.00	0.00
Net insurance claims paid	0.00	0.00
Net amount provided as insurance contract reserve	0.00	0.00
Expenditure on policy dividends	0.00	0.00
Reinsurance premium expense	0.00	0.00
Taxes and surcharges	512,614,113.00	424,853,407.00
Selling expense	1,450,825,484.00	1,365,287,286.00
Administrative expense	2,517,596,650.00	2,197,183,494.00
R&D expense	3,244,433,098.00	2,924,658,236.00
Finance costs	1,204,359,858.00	1,166,753,372.00
Including: Interest expense	1,498,088,250.00	1,535,561,809.00
Interest income	421,677,692.00	398,822,857.00
Add: Other income	1,525,518,015.00	1,117,952,927.00
Return on investment (“-” for loss)	15,141,467.00	13,565,371.00
Including: Share of profit or loss of joint ventures and associates	-27,648,162.00	-16,571,961.00
Income from the derecognition of financial assets at amortized cost (“-” for loss)	0.00	0.00

Exchange gain (“-” for loss)	0.00	0.00
Net gain on exposure hedges (“-” for loss)	0.00	0.00
Gain on changes in fair value (“-” for loss)	19,723,299.00	55,666,155.00
Credit impairment loss (“-” for loss)	805,913.00	-20,230,445.00
Asset impairment loss (“-” for loss)	-1,643,281,210.00	-598,106,867.00
Asset disposal income (“-” for loss)	11,657,251.00	373,679.00
3. Operating profit (“-” for loss)	597,217,929.00	1,717,360,481.00
Add: Non-operating income	52,193,491.00	96,343,532.00
Less: Non-operating expense	32,759,545.00	11,848,340.00
4. Profit before tax (“-” for loss)	616,651,875.00	1,801,855,673.00
Less: Income tax expense	495,807,024.00	673,775,041.00
5. Net profit (“-” for net loss)	120,844,851.00	1,128,080,632.00
5.1 By operating continuity
5.1.1 Net profit from continuing operations (“-” for net loss)	120,844,851.00	1,128,080,632.00
5.1.2 Net profit from discontinued operations (“-” for net loss)	0.00	0.00
5.2 By ownership
5.2.1 Net profit attributable to owners of the Company as the parent	1,135,450,325.00	1,668,448,449.00
5.2.1 Net profit attributable to non-controlling interests	-1,014,605,474.00	-540,367,817.00
6. Other comprehensive income, net of tax	226,968,107.00	48,896,505.00
Attributable to owners of the Company as the parent	207,001,047.00	48,131,789.00
6.1 Items that will not be reclassified to profit or loss	171,165,163.00	-23,607,052.00
6.1.1 Changes caused by remeasurements on defined benefit schemes	0.00	0.00
6.1.2 Other comprehensive income that will not be reclassified to profit or loss under the equity method	198,406,448.00	0.00
6.1.3 Changes in the fair value of investments in other equity instruments	-27,241,285.00	-23,607,052.00
6.1.4 Changes in the fair value arising from changes in own credit risk	0.00	0.00
6.1.5 Other	0.00	0.00
6.2 Items that will be reclassified to profit or loss	35,835,884.00	71,738,841.00
6.2.1 Other comprehensive income that will be reclassified to profit or loss under the equity method	0.00	175,359,777.00
6.2.2 Changes in the fair value of investments in other debt obligations	0.00	0.00
6.2.3 Other comprehensive income arising from the reclassification of financial assets	0.00	0.00

6.2.4 Credit impairment allowance for investments in other debt obligations	0.00	0.00
6.2.5 Reserve for cash flow hedges	0.00	0.00
6.2.6 Differences arising from the translation of foreign currency-denominated financial statements	35,835,884.00	-103,620,936.00
6.2.7 Other	0.00	0.00
Attributable to non-controlling interests	19,967,060.00	764,716.00
7. Total comprehensive income	347,812,958.00	1,176,977,137.00
Attributable to owners of the Company as the parent	1,342,451,372.00	1,716,580,238.00
Attributable to non-controlling interests	-994,638,414.00	-539,603,101.00
8. Earnings per share
8.1 Basic earnings per share	0.026	0.048
8.2 Diluted earnings per share	0.026	0.048

Where business combinations under common control occurred in the current period, the net profit achieved by the acquirees beforethe combinations was RMB0.00, with the amount for the same period of last year being RMB0.00.Legal representative: Chen Yanshun Chief Executive Officer: Liu XiaodongChief Financial Officer: Sun Yun Head of the Company’s Financial Department: Yang Xiaoping

4. Income Statement of the Company as the Parent

Unit: RMB

Item	H1 2020	H1 2019
1. Operating revenue	1,289,883,326.00	2,889,695,832.00
Less: Cost of sales	7,626,334.00	9,226,588.00
Taxes and surcharges	17,148,416.00	18,763,125.00
Selling expense	0.00	0.00
Administrative expense	306,582,567.00	303,106,493.00
R&D expense	843,196,784.00	933,795,965.00
Finance costs	487,597,032.00	489,514,994.00
Including: Interest expense	500,962,725.00	504,784,910.00
Interest income	16,419,166.00	18,361,098.00
Add: Other income	504,756,999.00	467,980,287.00
Return on investment (“-” for loss)	840,807,733.00	792,194,279.00
Including: Share of profit or loss of joint ventures and associates	-11,034,399.00	-16,519,688.00
Income from the derecognition of financial assets at amortized cost (“-” for loss)	0.00	0.00

Net gain on exposure hedges (“-” for loss)	0.00	0.00
Gain on changes in fair value (“-” for loss)	0.00	0.00
Credit impairment loss (“-” for loss)	-2,659,079.00	-7,044,401.00
Asset impairment loss (“-” for loss)	0.00	0.00
Asset disposal income (“-” for loss)	0.00	0.00
2. Operating profit (“-” for loss)	970,637,846.00	2,388,418,832.00
Add: Non-operating income	4,134,686.00	2,447,285.00
Less: Non-operating expense	192,770.00	849,038.00
3. Profit before tax (“-” for loss)	974,579,762.00	2,390,017,079.00
Less: Income tax expense	16,164,266.00	285,273,969.00
4. Net profit (“-” for net loss)	958,415,496.00	2,104,743,110.00
4.1 Net profit from continuing operations (“-” for net loss)	958,415,496.00	2,104,743,110.00
4.2 Net profit from discontinued operations (“-” for net loss)	0.00	0.00
5. Other comprehensive income, net of tax	206,469,234.00	184,891,191.00
5.1 Items that will not be reclassified to profit or loss	206,469,234.00	9,531,414.00
5.1.1 Changes caused by remeasurements on defined benefit schemes	0.00	0.00
5.1.2 Other comprehensive income that will not be reclassified to profit or loss under the equity method	198,406,448.00	0.00
5.1.3 Changes in the fair value of investments in other equity instruments	8,062,786.00	9,531,414.00
5.1.4 Changes in the fair value arising from changes in own credit risk	0.00	0.00
5.1.5 Other	0.00	0.00
5.2 Items that will be reclassified to profit or loss	0.00	175,359,777.00
5.2.1 Other comprehensive income that will be reclassified to profit or loss under the equity method	0.00	175,359,777.00
5.2.2 Changes in the fair value of investments in other debt obligations	0.00	0.00
5.2.3 Other comprehensive income arising from the reclassification of financial assets	0.00	0.00
5.2.4 Credit impairment allowance for investments in other debt obligations	0.00	0.00
5.2.5 Reserve for cash flow hedges	0.00	0.00
5.2.6 Differences arising from the translation of foreign currency-denominated financial statements	0.00	0.00
5.2.7 Other	0.00	0.00

6. Total comprehensive income	1,164,884,730.00	2,289,634,301.00
7. Earnings per share
7.1 Basic earnings per share	0.021	0.060
7.2 Diluted earnings per share	0.021	0.060

5. Consolidated Cash Flow Statement

Unit: RMB

Item	H1 2020	H1 2019
1. Cash flows from operating activities:
Proceeds from sale of commodities and rendering of services	62,408,341,810.00	65,478,619,218.00
Net increase in customer deposits and interbank deposits	0.00	0.00
Net increase in borrowings from the central bank	0.00	0.00
Net increase in loans from other financial institutions	0.00	0.00
Premiums received on original insurance contracts	0.00	0.00
Net proceeds from reinsurance	0.00	0.00
Net increase in deposits and investments of policy holders	0.00	0.00
Interest, handling charges and commissions received	0.00	0.00
Net increase in interbank loans obtained	0.00	0.00
Net increase in proceeds from repurchase transactions	0.00	0.00
Net proceeds from acting trading of securities	0.00	0.00
Tax rebates	5,066,622,972.00	4,153,126,609.00
Cash generated from other operating activities	3,154,292,472.00	4,211,734,116.00
Subtotal of cash generated from operating activities	70,629,257,254.00	73,843,479,943.00
Payments for commodities and services	51,194,153,930.00	50,374,068,234.00
Net increase in loans and advances to customers	0.00	0.00
Net increase in deposits in the central bank and in interbank loans granted	0.00	0.00
Payments for claims on original insurance contracts	0.00	0.00
Net increase in interbank loans granted	0.00	0.00
Interest, handling charges and commissions paid	0.00	0.00
Policy dividends paid	0.00	0.00
Cash paid to and for employees	5,812,713,363.00	5,573,637,042.00
Taxes paid	1,664,294,527.00	2,198,469,763.00
Cash used in other operating activities	2,241,419,900.00	4,102,320,555.00

Subtotal of cash used in operating activities	60,912,581,720.00	62,248,495,594.00
Net cash generated from/used in operating activities	9,716,675,534.00	11,594,984,349.00
2. Cash flows from investing activities:
Proceeds from disinvestment	13,329,383,031.00	18,789,102,436.00
Return on investment	94,522,413.00	151,529,241.00
Net proceeds from the disposal of fixed assets, intangible assets and other long-lived assets	3,619,576.00	355,478,346.00
Net proceeds from the disposal of subsidiaries and other business units	0.00	0.00
Cash generated from other investing activities	159,875,747.00	108,292,744.00
Subtotal of cash generated from investing activities	13,587,400,767.00	19,404,402,767.00
Payments for the acquisition of fixed assets, intangible assets and other long-lived assets	19,239,182,973.00	25,040,541,960.00
Payments for investments	8,874,322,149.00	15,917,595,394.00
Net increase in pledged loans granted	0.00	0.00
Net payments for the acquisition of subsidiaries and other business units	0.00	0.00
Cash used in other investing activities	50,583,894.00	56,414,722.00
Subtotal of cash used in investing activities	28,164,089,016.00	41,014,552,076.00
Net cash generated from/used in investing activities	-14,576,688,249.00	-21,610,149,309.00
3. Cash flows from financing activities:
Capital contributions received	3,309,530,000.00	4,049,510,000.00
Including: Capital contributions by non-controlling interests to subsidiaries	3,309,530,000.00	4,049,510,000.00
Borrowings raised	27,894,445,943.00	27,379,807,336.00
Cash generated from other financing activities	1,436,274,535.00	133,415,725.00
Subtotal of cash generated from financing activities	32,640,250,478.00	31,562,733,061.00
Repayment of borrowings	23,856,277,822.00	20,994,050,384.00
Interest and dividends paid	2,727,548,410.00	3,614,070,682.00
Including: Dividends paid by subsidiaries to non-controlling interests	8,117,072.00	36,394,420.00
Cash used in other financing activities	207,794,479.00	73,504,151.00
Subtotal of cash used in financing activities	26,791,620,711.00	24,681,625,217.00
Net cash generated from/used in financing activities	5,848,629,767.00	6,881,107,844.00
4. Effect of foreign exchange rates changes on cash and cash equivalents	347,801,401.00	26,694,157.00
5. Net increase in cash and cash equivalents	1,336,418,453.00	-3,107,362,959.00

Add: Cash and cash equivalents, beginning of the period	50,270,321,573.00	43,350,696,520.00
6. Cash and cash equivalents, end of the period	51,606,740,026.00	40,243,333,561.00

6. Cash Flow Statement of the Company as the Parent

Unit: RMB

Item	H1 2020	H1 2019
1. Cash flows from operating activities:
Proceeds from sale of commodities and rendering of services	1,659,668,361.00	2,957,952,087.00
Tax rebates	0.00	0.00
Cash generated from other operating activities	227,427,089.00	152,224,777.00
Subtotal of cash generated from operating activities	1,887,095,450.00	3,110,176,864.00
Payments for commodities and services	1,757,010,176.00	2,289,301,920.00
Cash paid to and for employees	641,151,291.00	641,963,448.00
Taxes paid	207,510,679.00	474,699,572.00
Cash used in other operating activities	199,311,877.00	289,787,986.00
Subtotal of cash used in operating activities	2,804,984,023.00	3,695,752,926.00
Net cash generated from/used in operating activities	-917,888,573.00	-585,576,062.00
2. Cash flows from investing activities:
Proceeds from disinvestment	2,871,711.00	306,360,000.00
Return on investment	170,939,834.00	545,676,646.00
Net proceeds from the disposal of fixed assets, intangible assets and other long-lived assets	9,361.00	140.00
Net proceeds from the disposal of subsidiaries and other business units	0.00	0.00
Cash generated from other investing activities	97,293,535.00	491,043,184.00
Subtotal of cash generated from investing activities	271,114,441.00	1,343,079,970.00
Payments for the acquisition of fixed assets, intangible assets and other long-lived assets	164,209,417.00	860,127,202.00
Payments for investments	9,073,757,750.00	3,960,930,200.00
Net payments for the acquisition of subsidiaries and other business units	0.00	0.00
Cash used in other investing activities	465,233,548.00	2,317,216,289.00
Subtotal of cash used in investing activities	9,703,200,715.00	7,138,273,691.00
Net cash generated from/used in investing activities	-9,432,086,274.00	-5,795,193,721.00
3. Cash flows from financing activities:

Capital contributions received	0.00	0.00
Borrowings raised	14,220,000,000.00	12,504,230,556.00
Cash generated from other financing activities	1,579,420,973.00	3,967,183,652.00
Subtotal of cash generated from financing activities	15,799,420,973.00	16,471,414,208.00
Repayment of borrowings	6,840,000,000.00	10,890,000,000.00
Interest and dividends paid	472,262,049.00	1,658,259,754.00
Cash used in other financing activities	184,060,000.00	1,796,768.00
Subtotal of cash used in financing activities	7,496,322,049.00	12,550,056,522.00
Net cash generated from/used in financing activities	8,303,098,924.00	3,921,357,686.00
4. Effect of foreign exchange rates changes on cash and cash equivalents	4,870,348.00	-13,630,052.00
5. Net increase in cash and cash equivalents	-2,042,005,575.00	-2,473,042,149.00
Add: Cash and cash equivalents, beginning of the period	3,680,770,048.00	3,829,814,050.00
6. Cash and cash equivalents, end of the period	1,638,764,473.00	1,356,771,901.00

7. Consolidated Statements of Changes in Owners’ Equity

H1 2020

Unit: RMB

Item	H1 2020
	Equity attributable to owners of the Company as the parent													Non-controlling interests	Total owners’ equity
	Share capital	Other equity instruments			Capital reserves	Less: Treasury stock	Other comprehensive income	Specific reserve	Surplus reserves	General reserve	Retained earnings	Other	Subtotal
		Preferred shares	Perpetual bonds	Other
1. Balance as at the end of the prior year	34,798,398,763.00	0.00	8,013,156,853.00	0.00	38,353,242,364.00	0.00	-4,566,639.00	0.00	1,516,139,709.00	0.00	12,381,758,005.00	0.00	95,058,129,055.00	45,999,567,919.00	141,057,696,974.00
Add: Adjustment for change in accounting policy	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	533,906,114.00	0.00	-533,906,114.00	0.00	0.00	0.00	0.00
Adjustment for correction of previous	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

error
Adjustment for business combination under common control	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other adjustments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
2. Balance as at the beginning of the year	34,798,398,763.00	0.00	8,013,156,853.00	0.00	38,353,242,364.00	0.00	-4,566,639.00	0.00	2,050,045,823.00	0.00	11,847,851,891.00	0.00	95,058,129,055.00	45,999,567,919.00	141,057,696,974.00
3. Increase/ decrease in the period (“-” for decrease)	0.00	0.00	6,184,847,697.00	0.00	4,921.00	0.00	214,932,128.00	0.00	0.00	0.00	214,618,666.00	0.00	6,614,403,412.00	2,512,782,634.00	9,127,186,046.00
3.1 Total comprehensive income	0.00	0.00	0.00	0.00	0.00	0.00	207,001,047.00	0.00	0.00	0.00	1,135,450,325.00	0.00	1,342,451,372.00	-994,638,414.00	347,812,958.00
3.2 Capital	0.00	0.00	5,967,915,094.00	0.00	335,679.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	5,968,250,773.00	3,588,270,616.00	9,556,521,389.00

increased and reduced by owners
3.2.1 Ordinary shares increased by owners	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3,595,303,298.00	3,595,303,298.00
3.2.2 Capital increased by holders of other equity instruments	0.00	0.00	5,967,915,094.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	5,967,915,094.00	0.00	5,967,915,094.00
3.2.3 Share-based payments included in owners’ equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.2.4 Other	0.00	0.00	0.00	0.00	335,679.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	335,679.00	-7,032,682.00	-6,697,003.00
3.3 Profit distribution	0.00	0.00	216,932,603.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-912,900,578.00	0.00	-695,967,975.00	-80,849,568.00	-776,817,543.00

3.3.1 Appropriation to surplus reserves	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.3.2 Appropriation to general reserve	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.3.3 Appropriation to owners (or shareholders)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-695,967,975.00	0.00	-695,967,975.00	-80,849,568.00	-776,817,543.00
3.3.4 Other	0.00	0.00	216,932,603.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-216,932,603.00	0.00	0.00	0.00	0.00
3.4 Transfers within owners’ equity	0.00	0.00	0.00	0.00	0.00	0.00	7,931,081.00	0.00	0.00	0.00	-7,931,081.00	0.00	0.00	0.00	0.00
3.4.1 Increase in capital (or share capital) from	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

capital reserves
3.4.2 Increase in capital (or share capital) from surplus reserves	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.4.3 Loss offset by surplus reserves	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.4.4 Changes in defined benefit schemes transferred to retained earnings	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.4.5 Other comprehensive income transferred to retained	0.00	0.00	0.00	0.00	0.00	0.00	7,931,081.00	0.00	0.00	0.00	-7,931,081.00	0.00	0.00	0.00	0.00

earnings
3.4.6 Other	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.5 Specific reserve	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.5.1 Increase in the period	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.5.2 Used in the period	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.6 Other	0.00	0.00	0.00	0.00	-330,758.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-330,758.00	0.00	-330,758.00
4. Balance as at the end of the period	34,798,398,763.00	0.00	14,198,004,550.00	0.00	38,353,247,285.00	0.00	210,365,489.00	0.00	2,050,045,823.00	0.00	12,062,470,557.00	0.00	101,672,532,467.00	48,512,350,553.00	150,184,883,020.00

H1 2019

Unit: RMB

Item

H1 2019

Equity attributable to owners of the Company as the parent

Non-controlling interests

Total owners’ equity

Share capital

Other equity instruments

Capital reserves

Less: Treasu

Other comprehensive

Specific

Surplus reserves

General

Retained earnings

Other

Subtotal

		Preferred shares	Perpetual bonds	Other		ry stock	income	reserve		reserve
1. Balance as at the end of the prior year	34,798,398,763.00	0.00	0.00	0.00	38,213,100,596.00	0.00	-125,258,252.00	0.00	1,152,626,310.00	0.00	11,817,881,286.00	0.00	85,856,748,703.00	34,500,548,858.00	120,357,297,561.00
Add: Adjustment for change in accounting policy	0.00	0.00	0.00	0.00	0.00	0.00	-206,191,381.00	0.00	-881.00	0.00	200,341,707.00	0.00	-5,850,555.00	-1,223,107.00	-7,073,662.00
Adjustment for correction of previous error	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Adjustment for business combination under common control	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Other adjustments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
2. Balance as at the beginning of the year	34,798,398,763.00	0.00	0.00	0.00	38,213,100,596.00	0.00	-331,449,633.00	0.00	1,152,625,429.00	0.00	12,018,222,993.00	0.00	85,850,898,148.00	34,499,325,751.00	120,350,223,899.00
3. Increase/ decrease in the period (“-” for decrease)	0.00	0.00	0.00	0.00	-178,595.00	0.00	48,131,789.00	0.00	0.00	0.00	624,496,486.00	0.00	672,449,680.00	3,468,596,529.00	4,141,046,209.00
3.1 Total comprehensive income	0.00	0.00	0.00	0.00	0.00	0.00	48,131,789.00	0.00	0.00	0.00	1,668,448,449.00	0.00	1,716,580,238.00	-539,603,101.00	1,176,977,137.00
3.2 Capital increased and reduced by owners	0.00	0.00	0.00	0.00	-178,595.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-178,595.00	4,011,048,595.00	4,010,870,000.00
3.2.1 Ordinary shares increased by owners	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

3.2.2 Capital increased by holders of other equity instruments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.2.3 Share-based payments included in owners’ equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.2.4 Other	0.00	0.00	0.00	0.00	-178,595.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-178,595.00	4,011,048,595.00	4,010,870,000.00
3.3 Profit distribution	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-1,043,951,963.00	0.00	-1,043,951,963.00	-2,848,965.00	-1,046,800,928.00
3.3.1 Appropriation to surplus reserves	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.3.2 Appropriation to general	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

reserve
3.3.3 Appropriation to owners (or shareholders)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-1,043,951,963.00	0.00	-1,043,951,963.00	-2,848,965.00	-1,046,800,928.00
3.3.4 Other	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.4 Transfers within owners’ equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.4.1 Increase in capital (or share capital) from capital reserves	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.4.2 Increase in capital (or share capital) from surplus	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

reserves
3.4.3 Loss offset by surplus reserves	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.4.4 Changes in defined benefit schemes transferred to retained earnings	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.4.5 Other comprehensive income transferred to retained earnings	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.4.6 Other	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.5 Specific	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

reserve
3.5.1 Increase in the period	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.5.2 Used in the period	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.6 Other	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
4. Balance as at the end of the period	34,798,398,763.00	0.00	0.00	0.00	38,212,922,001.00	0.00	-283,317,844.00	0.00	1,152,625,429.00	0.00	12,642,719,479.00	0.00	86,523,347,828.00	37,967,922,280.00	124,491,270,108.00

8. Statements of Changes in Owners’ Equity of the Company as the Parent

H1 2020

Unit: RMB

Item	H1 2020
	Share capital	Other equity instruments			Capital reserves	Less: Treasury stock	Other comprehensive income	Specific reserve	Surplus reserves	Retained earnings	Other	Total owners’ equity
		Preferred shares	Perpetual bonds	Other
1. Balance as at the end of the prior year	34,798,398,763.00	0.00	8,013,156,853.00	0.00	37,608,039,685.00	0.00	193,638,576.00	0.00	1,516,139,709.00	4,781,488,839.00	0.00	86,910,862,425.00
Add: Adjustment for change in accounting policy	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	533,906,114.00	4,805,155,025.00	0.00	5,339,061,139.00
Adjustment for	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

correction of previous error
Other adjustments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
2. Balance as at the beginning of the year	34,798,398,763.00	0.00	8,013,156,853.00	0.00	37,608,039,685.00	0.00	193,638,576.00	0.00	2,050,045,823.00	9,586,643,864.00	0.00	92,249,923,564.00
3. Increase/ decrease in the period (“-” for decrease)	0.00	0.00	6,184,847,697.00	0.00	-330,758.00	0.00	206,469,234.00	0.00	0.00	45,514,918.00	0.00	6,436,501,091.00
3.1 Total comprehensive income	0.00	0.00	0.00	0.00	0.00	0.00	206,469,234.00	0.00	0.00	958,415,496.00	0.00	1,164,884,730.00
3.2 Capital increased and reduced by owners	0.00	0.00	5,967,915,094.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	5,967,915,094.00
3.2.1 Ordinary shares increased by owners	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.2.2 Capital increased by holders of other equity instruments	0.00	0.00	5,967,915,094.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	5,967,915,094.00
3.2.3 Share-based payments included in owners’ equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.2.4 Other	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.3 Profit distribution	0.00	0.00	216,932,603.00	0.00	0.00	0.00	0.00	0.00	0.00	-912,900,578.00	0.00	-695,967,975.00
3.3.1 Appropriation to surplus reserves	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.3.2 Appropriation to owners (or shareholders)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-695,967,975.00	0.00	-695,967,975.00

3.3.3 Other	0.00	0.00	216,932,603.00	0.00	0.00	0.00	0.00	0.00	0.00	-216,932,603.00	0.00	0.00
3.4 Transfers within owners’ equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.4.1 Increase in capital (or share capital) from capital reserves	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.4.2 Increase in capital (or share capital) from surplus reserves	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.4.3 Loss offset by surplus reserves	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.4.4 Changes in defined benefit schemes transferred to retained earnings	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.4.5 Other comprehensive income transferred to retained earnings	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.4.6 Other	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.5 Specific reserve	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.5.1 Increase in the period	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.5.2 Used in the period	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.6 Other	0.00	0.00	0.00	0.00	-330,758.00	0.00	0.00	0.00	0.00	0.00	0.00	-330,758.00

4. Balance as at the end of the period

34,798,398,763.00

0.00

14,198,004,550.00

0.00

37,607,708,927.00

0.00

400,107,810.00

0.00

2,050,045,823.00

9,632,158,782.00

0.00

98,686,424,655.00

H1 2019

Unit: RMB

Item	H1 2019
	Share capital	Other equity instruments			Capital reserves	Less: Treasury stock	Other comprehensive income	Specific reserve	Surplus reserves	Retained earnings	Other	Total owners’ equity
		Preferred shares	Perpetual bonds	Other
1. Balance as at the end of the prior year	34,798,398,763.00	0.00	0.00	0.00	37,590,966,191.00	0.00	-28,507,585.00	0.00	1,152,626,310.00	2,392,243,713.00	0.00	75,905,727,392.00
Add: Adjustment for change in accounting policy	0.00	0.00	0.00	0.00	0.00	0.00	-256,101,258.00	0.00	-881.00	256,093,223.00	0.00	-8,916.00
Adjustment for correction of previous error	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other adjustments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
2. Balance as at the beginning of the year	34,798,398,763.00	0.00	0.00	0.00	37,590,966,191.00	0.00	-284,608,843.00	0.00	1,152,625,429.00	2,648,336,936.00	0.00	75,905,718,476.00
3. Increase/ decrease in the period (“-” for decrease)	0.00	0.00	0.00	0.00	0.00	0.00	184,891,191.00	0.00	0.00	1,060,791,147.00	0.00	1,245,682,338.00
3.1 Total comprehensive income	0.00	0.00	0.00	0.00	0.00	0.00	184,891,191.00	0.00	0.00	2,104,743,110.00	0.00	2,289,634,301.00
3.2 Capital increased and reduced by owners	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.2.1 Ordinary shares	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

increased by owners
3.2.2 Capital increased by holders of other equity instruments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.2.3 Share-based payments included in owners’ equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.2.4 Other	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.3 Profit distribution	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-1,043,951,963.00	0.00	-1,043,951,963.00
3.3.1 Appropriation to surplus reserves	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.3.2 Appropriation to owners (or shareholders)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-1,043,951,963.00	0.00	-1,043,951,963.00
3.3.3 Other	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.4 Transfers within owners’ equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.4.1 Increase in capital (or share capital) from capital reserves	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.4.2 Increase in capital (or share capital) from surplus reserves	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.4.3 Loss offset by surplus reserves	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.4.4 Changes in defined benefit schemes transferred to retained	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

earnings
3.4.5 Other comprehensive income transferred to retained earnings	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.4.6 Other	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.5 Specific reserve	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.5.1 Increase in the period	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.5.2 Used in the period	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3.6 Other	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
4. Balance as at the end of the period	34,798,398,763.00	0.00	0.00	0.00	37,590,966,191.00	0.00	-99,717,652.00	0.00	1,152,625,429.00	3,709,128,083.00	0.00	77,151,400,814.00

III. Company ProfileFounded in Beijing on 9 April 1993 and headquartered in the city, BOE Technology Group Co., Ltd. (hereinafter referred to as the “Company”) is a company limited by shares. Its parent andultimate controller is Beijing Electronics Holding Co., Ltd. (“Electronics Holding”).The Company and its affiliated subsidiaries (hereinafter jointly referred to as the “Group”) are divided into three major business divisions, namely, interface devices, smart IoT and smartmedicine and engineering. For information about the Company’s subsidiaries, see Part IV herein.For information about the Company’s subsidiaries, see Note IX.The consolidation scope for consolidated financial statements was determined based on control including the Company and subsidiaries controlled by the Company.Information about subsidiaries was presented in Note IX.The increase and decrease of subsidiaries was listed in Note IX.

IV. Basis for the Preparation of Financial Statements

1. Preparation Basis

The financial statements have been prepared on the basis of going concern.

2. Continuing Operations

The Company had the continuing operations ability within 12 months since the end of the Reporting Period.V. Significant Accounting Policies and Estimates

Reminder of the specific accounting policies and estimates:

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1. Statement of Compliance with the Accounting Standards for Business EnterprisesThe financial statements have been prepared in accordance with the requirements of Accounting Standards for Business Enterprisesissued by the Ministry of Finance (hereinafter referred to as MOF). These financial statements present truly and completely theconsolidated financial position and financial position as of 30 June 2020, the consolidated results of operations and results ofoperations and the consolidated cash flows and cash flows in the first half year of 2020 of the Company.These financial statements also comply with the disclosure requirements of “Regulation on the Preparation of InformationDisclosures of Companies Issuing Public Shares, No. 15: General Requirements for Financial Reports” as revised by the ChinaSecurities Regulatory Commission (hereinafter referred to as “CSRC”) in 2014.

2. Accounting period

The accounting year of the Group is from January 1

st to December 31

st

.

3. Operating Cycle

The Company regarded the period from purchasing the assets for processing to realizing the cash or cash equivalents as the normaloperating cycle. The operating cycle of the main business of the Company usually is less than 12 months.

4. Recording Currency

The Company’s functional currency is Renminbi. These financial statements are presented in Renminbi. The basis of choosing thefunctional currency for the Company and its subsidiaries is that it’s the pricing and settlement currency for the main business. Somesubsidiaries of the Company adopt the currency other than RMB as the recording currency. The Company translates the foreigncurrency financial statement of subsidiaries when compiling the financial statement.

5. Accounting Treatments for a Business Combination Involving Entities Under and those not UnderCommon Control

(1) Business combination involving entities under common control

A business combination involving enterprises under common control is a business combination in which all of the combiningenterprises are ultimately controlled by the same party or parties both before and after the business combination, and that control isnot transitory. The assets and liabilities obtained are measured at the carrying amounts as recorded by the enterprise being combinedat the combination date. The difference between the carrying amount of the net assets obtained and the carrying amount ofconsideration paid for the combination (or the total face value of shares issued) is adjusted to share premium in the capital reserve. Ifthe balance of share premium is insufficient, any excess is adjusted to retained earnings. Other direct expenses occur when the Groupconducting business combinations is recognized in current profit and loss. The combination date is the date on which one combiningenterprise effectively obtains control of the other combining enterprises.

(2) Business combinations involving entities not under common control

A business combination involving entities not under common control is a business combination in which all of the combining entitiesare not ultimately controlled by the same party or parties both before and after the business combination. When the Group acts as thecombination party, the cost of a business combination paid by the acquirer is the aggregate of the fair value at the acquisition date ofassets given (including share equity of the acquiree held before the combination date), liabilities incurred or assumed, and equitysecurities issued by the acquirer. Any excess of the cost of a business combination over the acquirer’s interest in the fair value of theacquiree’s identifiable net assets is recognized as goodwill, while any excess of the acquirer’s interest in the fair value of theacquiree’s identifiable net assets over the cost of a business combination is recognized in profit or loss. The cost of equity securitiesor liability securities as on combination consideration offering is recognized in initial recording capital on equity securities or liabilitysecurities. Other direct expenses occur when the Group conducting business combinations is recognized in current profit and loss.The difference between the fair value and the carrying amount of the assets given is recognized in profit or loss. The Group, at theacquisition date, recognized the acquiree’s identifiable asset, liabilities and contingent liabilities at their fair value at that date. Theacquisition date is the date on which the acquirer effectively obtains control of the acquiree.In a business combination not under same control realized by two or more transactions of exchange, for the equities of the purchasesheld before the purchase date, the Group will execute the remeasurement according to the fair value of the equity on the purchasedate with the difference between the fair value and its book value be recorded in the current investment income. The othercomprehensive income which could be reclassified in the gains and losses afterwards and the changes of the equities of the otherowners under the measurement of the equity method that involved with the afterwards equity of the purchases held before thepurchase date should be transferred in the current investment income. When the equity in the acquiree held before the acquisitiondate is the investment in equity instrument at fair value through other comprehensive income, the other comprehensive incomerecognized before the acquisition date shall be transferred into retained earnings on the acquisition date.

6. Preparation Methods for Consolidated Financial Statements

(1) General principle

The scope of consolidated financial statements is determined on the base of control, which comprise the Company and itssubsidiaries. The term “control” is the power of the Group upon an investee, with which it can take part in relevant activities of theinvestee to obtain variable returns and is able to influence the amount of returns. When judging whether the Group owns the right onthe investees or not, the Group only considers the substantive rights related to the investees (including the substantive rights enjoyedby the Group itself and by the other parties). The financial status, operating results and cash flow of subsidiaries are included in theconsolidated financial statements from the date that control commences until the date that control ceases.Equity, profit or loss attributable to minority shareholders is presented separately under the item of shareholders’ equity in

consolidated income statement and the net profits in the consolidated income statement.If current loss shoulder by minority shareholders of a subsidy over the proportion enjoyed by minority shareholders in a subsidy atowners’ equity at period-begin, its balance still offset minority shareholders’ equity.When the accounting period or accounting policies of a subsidiary are different from those of the Company, the Company makesnecessary adjustments to the financial statements of the subsidiary based on the Company’s own accounting period or accountingpolicies. Intra-group balances and transactions, and any unrealized profit or loss arising from intra-group transactions, are eliminatedin preparing the consolidated financial statements. Unrealized losses resulting from intra-group transactions are eliminated in thesame way as unrealized gains but only to the extent that there is no evidence of impairment.

(2) Acquiring the subsidiaries from merger

Where a subsidiary was acquired during the Reporting Period, through a business combination involving entities under commoncontrol, the financial statements of the subsidiary are included in the consolidated financial statements based on book value in theconsolidated balance sheet of the subsidiary’s assets, liabilities and results of operations as if the combination had occurred at thedate that common control was established. Therefore the opening balances and the comparative figures of the consolidated financialstatements are restated.Where a subsidiary was acquired during the Reporting Period, through a business combination involving entities not under commoncontrol, when prepared the consolidated financial statements, the Company shall included the acquired subsidiaries into theconsolidated scope from the acquisition date basing on the fair value of the identifiable assets, liabilities at the acquisition date.

(3) Disposing the subsidiaries

Where the control of former subsidiary was lost, any disposal profit or loss occurred shall be recorded into the investment incomeduring the period of losing control right. As for remaining equity investment, the Group will re-account it according to the fair valueat the date the control was lost. Any profit or loss occurred shall be recorded into the investment income during the period of losingcontrol right.Where the Group losses control on its original subsidiaries due to step by step disposal of equity investments through multipletransactions, should judge whether is the package deal according to the following principles:

- These deals are at the same time or under the condition of considering the influence of each other to concluded;- These transactions only when be regarded as a whole could achieve a complete business result;- The occurrence of a deal depends on at least one other transactions；- A deal alone is not economical, it is economical with other trading together.If each deal not belongs to a package deal, as for each deal before losing the control right on the subsidiaries, should be disposedaccording to the accounting policies of partly disposing the equity investment of the subsidiaries under the situation not losing thecontrol right.If each deal belongs to a package deal, considered as a transaction and conduct accounting treatment, however, before losing control,the differences between every disposal cost and the shares of the book value of the corresponding net assets continuously calculatedsince the purchase date of the subsidiary of disposal investment are confirmed as other comprehensive income in consolidatedfinancial statements, which together transferred into the current profits and losses in the loss of control , when the Group losingcontrol on its subsidiary.

(4) Changes of non-controlling interests

Where the Company acquires a minority interest from a subsidiary’s minority shareholders or disposes of a portion of an interest in asubsidiary without a change in control, the difference between the amount by which the minority interests are adjusted and theamount of the consideration paid or received is adjusted to the capital reserve (share premium) in the consolidated balance sheet. Ifthe credit balance of capital reserve (share premium) is insufficient, any excess is adjusted to retained earnings.

7. Classification of Joint Arrangements and Accounting Treatment of Joint OperationsA joint arrangement refers to an arrangement jointly controlled by two participants or above and all the participants are restricted bythe arrangement; and two or more participants execute the jointly control on the arrangement. Any of the participant should notindividually control the arrangement, while any of the participant that owns the jointly control could stop other participants or theparticipants group from individually control the arrangement.Joint arrangements divided into joint operations and joint ventures. A joint operation refers to a joint arrangement where theparticipant party enjoys assets and has to bear liabilities related to the arrangement. A joint venture refers to a joint arrangementwhere the participant party is only entitled to the net assets of the arrangement.The participant party should confirm the following items related to the interests portion among the jointly operation and execute theaccounting treatment according to the regulations of the relevant ASBE: recognizes the assets and liabilities that it holds and bears inthe joint operation, and recognizes the jointly-held assets and jointly-borne liabilities according to the Group’s stake in the jointoperation; recognizes the income from sale of the Group’s share in the output of the joint operation; recognizes the income from saleof the joint operation’s outputs according to the Group’s stake in it; and recognizes the expense solely incurred to the Group and theexpense incurred to the joint operation according to the Group’s stake in it.

8. Recognition Standard for Cash and Cash Equivalents

In the Group’s understanding, cash and cash equivalents include cash on hand, any deposit that can be used for cover, and short-termand high circulating investments, which are easily convertible into known amount of cash and whose risks in change of value areminimal.

9. Foreign Currency Businesses and Translation of Foreign Currency Financial StatementsWhen the Group receives capital in foreign currencies from investors, the capital is translated to Renminbi at the spot exchange rateat the date of the receipt. Other foreign currency transactions are, on initial recognition, translated to Renminbi at the spot exchangerates at the dates of the transactions.Monetary items denominated in foreign currencies are translated to Renminbi at the spot exchange rate at the balance sheet date. Theresulting exchange differences are recognized in profit or loss, except those arising from the principals and interests on foreigncurrency borrowings specifically for the purpose of acquisition, construction of qualifying assets. Non-monetary items denominatedin foreign currencies that are measured at historical cost are translated to Renminbi using the foreign exchange rate at the transactiondate. Non-monetary items denominated in foreign currencies that are measured at fair value are translated using the foreign exchangerate at the date the fair value is determined; the exchange differences, if it’s the difference arising from the non-monetary item ofnon-transactional equity investments designated to be measured at fair value and changes thereof recorded into other comprehensiveincome, it shall be considered as other comprehensive income; other differences shall be recognized in current profit or loss.The assets and liabilities of foreign operation are translated to Renminbi at the spot exchange rate at the balance sheet date. Theequity items, excluding “Retained earning” and “Difference arising from translation of foreign currency financial statements in othercomprehensive income”, are translated to Renminbi at the spot exchange rates at the transaction dates. The income and expenses offoreign operation are translated to Renminbi at rates that approximate the spot exchange rates at the transaction dates. The resultingexchange differences are listed in other comprehensive income. Upon disposal of a foreign operation, the cumulative amount of theexchange differences recognized in equity which relates to that foreign operation is transferred to profit or loss in the period in whichthe disposal occurs.

10. Financial instruments

(1) Recognition and initial measurement of financial assets and financial liabilities

A financial asset or financial liability is recognised in the balance sheet when the Group becomes a party to the contractual provisionsof a financial instrument.Financial assets (unless it is a trade receivable without a significant financing component) and financial liabilities is measuredinitially at fair value. For financial assets and financial liabilities at fair value through profit or loss, any related directly attributabletransaction costs are charged to profit or loss; for other categories of financial assets and financial liabilities, any related directlyattributable transaction costs are included in their initial costs. A trade receivable without a significant financing component isinitially measured at the transaction price according to Accounting Standards for Business Enterprises No.14-Revenue.

(2) Classification and subsequent measurement of financial assets

(a) Classification of financial assetsThe classification of financial assets is generally based on the business model in which a financial asset is managed and itscontractual cash flow characteristics. On initial recognition, a financial asset is classified as measured at amortised cost, at fair valuethrough other comprehensive income (“FVOCI”), or at fair value through profit or loss (“FVTPL”).Financial assets are not reclassified subsequent to their initial recognition unless the Group changes its business model for managingfinancial assets in which case all affected financial assets are reclassified on the first day of the first reporting period following thechange in the business model.A financial asset is measured at amortised cost if it meets both of the following conditions and is not designated as at FVTPL:

- it is held within a business model whose objective is to hold assets to collect contractual cash flows; and- its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principalamount outstanding.A debt investment is measured at FVOCI if it meets both of the following conditions and is not designated as at FVTPL:

- it is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets;and- its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principalamount outstanding.On initial recognition of an equity investment that is not held for trading, the Group may irrevocably elect to present subsequentchanges in the investment’s fair value in other comprehensive income. This election is made on an investment-by-investment basis.The instrument meets the definition of equity from the perspective of the issuer.All financial assets not classified as measured at amortised cost or FVOCI as described above are measured at FVTPL. On initialrecognition, the Group may irrevocably designate a financial asset that otherwise meets the requirements to be measured at amortisedcost or at FVOCI as at FVTPL if doing so eliminates or significantly reduces an accounting mismatch that would otherwise arise.The business model refers to how the Group manages its financial assets in order to generate cash flows. That is, the Group’sbusiness model determines whether cash flows will result from collecting contractual cash flows, selling financial assets or both. TheGroup determines the business model for managing the financial assets according to the facts and based on the specific businessobjective for managing the financial assets determined by the Group’s key management personnel.In assessing whether the contractual cash flows are solely payments of principal and interest, the Group considers the contractualterms of the instrument. For the purposes of this assessment, ‘principal’ is defined as the fair value of the financial asset on initialrecognition. ‘Interest’ is defined as consideration for the time value of money and for the credit risk associated with the principalamount outstanding during a particular period of time and for other basic lending risks and costs, as well as a profit margin. TheGroup also assesses whether the financial asset contains a contractual term that could change the timing or amount of contractualcash flows such that it would not meet this condition.(b) Subsequent measurement of financial assets- Financial assets at FVTPL

These financial assets are subsequently measured at fair value. Net gains and losses, including any interest or dividend income, arerecognised in profit or loss unless the financial assets are part of a hedging relationship.- Financial assets at amortised costThese assets are subsequently measured at amortised cost using the effective interest method. A gain or loss on a financial asset thatis measured at amortised cost and is not part of a hedging relationship shall be recognised in profit or loss when the financial asset isderecognised, through the amortisation process or in order to recognise impairment gains or losses.-Debt investments at FVOCIThese assets are subsequently measured at fair value. Interest income calculated using the effective interest method, impairment andforeign exchange gains and losses are recognised in profit or loss. Other net gains and losses are recognised in other comprehensiveincome. On derecognition, gains and losses accumulated in other comprehensive income are reclassified to profit or loss.-Equity investments at FVOCIThese assets are subsequently measured at fair value. Dividends are recognised as income in profit or loss. Other net gains and lossesare recognised in other comprehensive income. On derecognition, gains and losses accumulated in other comprehensive income arereclassified to retained earnings.

(3) Classification and subsequent measurement of financial liabilities

Financial liabilities are classified as measured at FVTPL or amortised cost.-Financial liabilities at FVTPLA financial liability is classified as at FVTPL if it is classified as held-for-trading (including derivative financial liability) or it isdesignated as such on initial recognition.Financial liabilities at FVTPL are subsequently measured at fair value and net gains and losses, including any interest expense, arerecognised in profit or loss, unless the financial liabilities are part of a hedging relationship.-Financial liabilities at amortised costThese financial liabilities are subsequently measured at amortised cost using the effective interest method.

(4) Offsetting

Financial assets and financial liabilities are generally presented separately in the balance sheet, and are not offset. However, afinancial asset and a financial liability are offset and the net amount is presented in the balance sheet when both of the followingconditions are satisfied:

-The Group currently has a legally enforceable right to set off the recognised amounts; and-The Group intends either to settle on a net basis, or to realise the financial asset and settle the financial liability simultaneously.

(5) Derecognition of financial assets and financial liabilities

Financial asset is derecognised when one of the following conditions is met:

-the Group’s contractual rights to the cash flows from the financial asset expire;-the financial asset has been transferred and the Group transfers substantially all of the risks and rewards of ownership of thefinancial asset; or；-the financial asset has been transferred, although the Group neither transfers nor retains substantially all of the risks and rewards ofownership of the financial asset, it does not retain control over the transferred asset.Where a transfer of a financial asset in its entirety meets the criteria for derecognition, the difference between the two amounts belowis recognised in profit or loss:

-the carrying amount of the financial asset transferred measured at the date of derecognition;-the sum of the consideration received from the transfer and, when the transferred financial asset is a debt investment at FVOCI, anycumulative gain or loss that has been recognised directly in other comprehensive income for the part derecognised.The Group derecognises a financial liability (or part of it) only when its contractual obligation (or part of it) is extinguished.

(6) Impairment

The Group recognises loss allowances for expected credit loss (ECL) on:

-financial assets measured at amortised cost;-Debt investments at FVOCIFinancial assets measured at fair value, including debt investments or equity securities at FVTPL, equity securities designated atFVOCI and derivative financial assets, are not subject to the ECL assessment.Measurement of ECLsECLs are a probability-weighted estimate of credit losses. Credit losses are measured as the present value of all cash shortfalls (i.e.the difference between the cash flows due to the entity in accordance with the contract and the cash flows that the Group expects toreceive).The maximum period considered when estimating ECLs is the maximum contractual period (including extension options) over whichthe Group is exposed to credit risk.Lifetime ECLs are the ECLs that result from all possible default events over the expected life of a financial instrument.12-month ECLs are the portion of ECLs that result from default events that are possible within the 12 months after the balance sheetdate (or a shorter period if the expected life of the instrument is less than 12 months).Except for trade receivables, the Group measures loss allowance at an amount equal to 12-month ECL for the following financialinstruments, and at an amount equal to lifetime ECL for all other financial instruments.-If the financial instrument is determined to have low credit risk at the balance sheet date;-If the credit risk on a financial instrument has not increased significantly since initial recognition.Financial instruments that have low credit riskThe credit risk on a financial instrument is considered low if the financial instrument has a low risk of default, the borrower has astrong capacity to meet its contractual cash flow obligations in the near term and adverse changes in economic and businessconditions in the longer term may, but will not necessarily, reduce the ability of the borrower to fulfill its contractual cash flowobligations.Significant increases in credit riskIn assessing whether the credit risk of a financial instrument has increased significantly since initial recognition, the Group comparesthe risk of default occurring on the financial instrument assessed at the balance sheet date with that assessed at the date of initialrecognition.When determining whether the credit risk of a financial asset has increased significantly since initial recognition and when estimatingECL, the Group considers reasonable and supportable information that is relevant and available without undue cost or effort,including forward-looking information. In particular, the following information is taken into account:

-failure to make payments of principal or interest on their contractually due dates;-an actual or expected significant deterioration in a financial instrument’s external or internal credit rating (if available);-an actual or expected significant deterioration in the operating results of the debtor; and-existing or forecast changes in the technological, market, economic or legal environment that have a significant adverse effect on thedebtor’s ability to meet its obligation to the Group.Depending on the nature of the financial instruments, the assessment of a significant increase in credit risk is performed on either anindividual basis or a collective basis. When the assessment is performed on a collective basis, the financial instruments are groupedbased on shared credit risk characteristics, such as past due status and credit risk ratings.Credit-impaired financial assetsAt each balance sheet date, the Group assesses whether financial assets carried at amortised cost and debt investments at FVOCI arecredit-impaired. A financial asset is ‘credit-impaired’ when one or more events that have a detrimental impact on the estimated futurecash flows of the financial asset have occurred. Evidence that a financial asset is credit-impaired includes the following observabledata:

-significant financial difficulty of the borrower or issuer;-a breach of contract, such as a default or delinquency in interest or principal payments;

-for economic or contractual reasons relating to the borrower’s financial difficulty, the Group having granted to the borrower aconcession that would not otherwise consider;-it is probable that the borrower will enter bankruptcy or other financial reorganisation; or-the disappearance of an active market for that financial asset because of financial difficulties.Presentation of allowance for ECLECLs are remeasured at each balance sheet date to reflect changes in the financial instrument’s credit risk since initial recognition.Any change in the ECL amount is recognised as an impairment gain or loss in profit or loss. The Group recognises an impairmentgain or loss for all financial instruments with a corresponding adjustment to their carrying amount through a loss allowance account,except for debt investments that are measured at FVOCI, for which the loss allowance is recognised in other comprehensive income.Write-offThe gross carrying amount of a financial asset is written off (either partially or in full) to the extent that there is no realistic prospectof recovery. A write-off constitutes a derecognition event. This is generally the case when the Group determines that the debtor doesnot have assets or sources of income that could generate sufficient cash flows to repay the amounts subject to the write-off. However,financial assets that are written off could still be subject to enforcement activities in order to comply with the Group’s procedures forrecovery of amounts due.Subsequent recoveries of an asset that was previously written off are recognised as a reversal of impairment in profit or loss in theperiod in which the recovery occurs.

(7) Equity instrument

The consideration received from the issuance of equity instruments net of transaction costs is recognised in shareholders’ equity.Consideration and transaction costs paid by the Company for repurchasing self-issued equity instruments are deducted fromshareholders’ equity.When the Company repurchases its own shares, those shares are treated as treasury shares. All expenditure relating to the repurchaseis recorded in the cost of the treasury shares, with the transaction recording in the share register. Treasury shares are excluded fromprofit distributions and are presented as a deduction under shareholders’ equity in the balance sheet.When treasury shares are cancelled, the share capital should be reduced to the extent of the total par value of the treasury sharescancelled. Where the cost of the treasury shares cancelled exceeds the total par value, the excess is deducted from capital reserve(share premium), surplus reserve and retained earnings sequentially. If the cost of treasury shares cancelled is less than the total parvalue, the difference is credited to the capital reserve (share premium).When treasury shares are disposed of, any excess of proceeds above cost is recognised in capital reserve (share premium); otherwise,the shortfall is deducted against capital reserve (share premium), surplus reserve and retained earnings sequentially.

(8) Perpetual bonds

At initial recognition, the Group classifies the perpetual bonds issued or their components as financial assets, financial liabilities orequity instruments based on their contractual terms and their economic substance after considering the definition of financial assets,financial liabilities and equity instruments.Perpetual bonds issued that should be classified as equity instruments are recognised in equity based on the actual amount received.Any distribution of dividends or interests during the instruments’ duration is treated as profit appropriation. When the perpetualbonds are redeemed according to the contractual terms, the redemption price is charged to equity.

11. Notes Receivable

The Company will always measure the provision for notes receivable whether including major financing components or not based onthe amount similar to that of expected credit losses for the whole existence period and the amount increased or reversed ofimpairment for losses generated shall be recorded into the current profit or loss as gains or losses of impairment.

12. Accounts Receivable

The recognition standard and withdrawal method of bad debt provision for accounts receivable of the Company since 2019 are asfollows:

For accounts receivable, the Group measures the loss provision by the amount that is equivalent to the expected credit loss of theentire duration. The Group uses preparation matrix to calculate the expected credit loss of the financial assets aforementioned basedon historical experience of credit losses. Relevant historical experience is based on particular factors of the borrowers on the balancesheet date, and adjustment will be made to the current status and the estimation of the future economic status.The expected credit loss is calculated with the overdue days and the loss given default comparison table as the basis. According tothe historical experience of the Group, different loss models apply to different segments of customer groups.

13. Accounts Receivable Financing

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14. Other Receivables

The recognition method and accounting treatment of expected credit losses of other receivablesSee Note V. 10 Financial Instruments for details

15. Inventory

(1) Classification and cost of inventories

Inventories include raw materials, work in progress, finished goods and reusable materials. Reusable materials include low-valueconsumables, packaging materials and other materials, which can be used repeatedly but do not meet the definition of fixed assets.Inventories are initially measured by the cost. Cost of inventories comprises all costs of purchase, costs of conversion and other costs.Inventories are initially measured at their actual cost. In addition to the purchasing cost of raw materials, work in progress andfinished goods include direct labor costs and an appropriate allocation of production overheads.

(2) Pricing method for outgoing inventories

Cost of inventories is calculated using the weighted average method.Revolving materials such as the low priced and easily worn articles and the packing materials should be amortized by adoptingone-time amortization method and be recorded in the cost of the relevant assets or the current gains and losses.

(3) Recognition basis of net realizable value and withdrawal method of depreciation reserves for inventoriesOn the balance sheet day, inventories are carried at the lower of cost and net realizable value.Net realizable value is the estimated selling price in the normal course of business less the estimated costs to completion and theestimated expenses and related taxes necessary to make the sale. The net realizable value of materials held for use in the productionof inventories is measured based on the net realizable value of the finished goods in which they will be incorporated. The netrealizable value of the quantity of inventory held to satisfy sales or service contracts is based on the contract price. If the quantities ofinventories specified in sales contracts are less than the quantities held by the Group, the net realizable value of the excess portion ofinventories shall be based on general selling prices.Any excess of the cost over the net realizable value of each class of inventories is recognized as a provision for diminution in thevalue of inventories, and then recorded into current profit or loss.

(4) Inventory system for inventories

The Group maintains a perpetual inventory system.

16. Contract Assets

Contract assets refer to the right that the Group has to charge consideration from customers due to the transfer of commodities tothem, and the right depends on other factors than time lapse. If the Group sells two highly distinguishable commodities to a customer,and has the right to receive payment due to the delivery of one of the commodities, but with the collection of the payment dependingon the delivery of the other, the Group will treat this right of payment as a contract asset.For the method of recognizing the expected credit loss of a contract asset and the accounting treatment method, refer to therecognition method and the accounting treatment method in the above 12. Accounts Receivable.

17. Contract Costs

The Group’s assets in relation to contract costs include contract acquisition costs and contract performance costs. They are presentedin inventory, other current assets and other non-current assets according to their liquidity.An incremental cost incurred by the Group for acquiring a contract, which is expected to be recovered, will be recognized as acontract acquisition cost under an asset, unless the asset amortization period is less than one year.A cost incurred by the Group for performing a contract, which is not applicable to the scope of standards on inventory, fixed assets orintangible assets and meets all of the following conditions, will be recognized as a contract performance cost under an asset:

(1) Such cost is directly related to a current contract or a contract expected to be acquired, including direct labor, direct materials,manufacture costs (or similar costs), costs specified to be borne by the customer and other costs incurring solely because of thiscontract;

(2) Such cost has increased the Company’s resources used to fulfill contract performance obligations in the future;

(3) Such cost is expected to be recovered.

The Group amortizes a contract cost-related asset on the same basis as the basis for recognizing the revenue related to this asset, andincludes it into current profits/losses.For a contract cost-related asset, if its carrying value is higher than the difference between the following two items, the Group willwithdraw impairment provision for the exceeded part and recognize it as an asset impairment loss:

(1) The residual consideration expected to be gained from transferring the commodity related to the asset by the Company;

(2) The cost to be incurred for transferring this related commodity.

When any change to the factors of impairment during previous periods results in the difference from Item (1) minus Item (2) higherthan the carrying value of this asset, the originally withdrawn asset impairment provision should be reversed and included intocurrent profits/losses. However, the carrying value of the asset after the reversal should not exceed the carrying value of the asset onthe reversal data on the assumption that no impairment provision is withdrawn.

18. Assets Held for Sale

The Group should divide the non-current assets (or the disposal group, that is an asset group concurrently be disposed through sellingor other methods as an entirety in a transaction and the liabilities directly related to the assets from the transfer among the transaction,the same below )which simultaneously meet with the following conditions as the assets held for sale.– The non-current assets or disposal group could be immediately sold under the current condition in accordance with the usual termsof selling this kind of assets in similar transactions;– The sale is extremely possible that is to say, the Company has made a resolution regarding a sales planning and signed a legally

binding purchase agreement with other party, and the sale is expected to be finished within one year.When the non-current assets be divided as assets held for sale (excluding financial assets), the Group measures the non-current assetsheld for sale, deferred income tax assets and the investment properties be follow-up measured by the fair value mode according to thelower one between the book value and the fair value after deducting the net amount of the disposal expenses, while the deference thatthe book value higher than the fair value which deducted the disposal expenses should be recognized as the impairment losses of theassets.The fixed assets and intangible assets be divided as assets held for sale and the investment properties be follow-up measured by thecost mode would not be withdrawn, depreciated or amortized, while the long-term equity investment be divided as assets held forsale that measured by equity method should cease the equity method measurement.

19. Investments in Debt Obligations

See Note V. 10 Financial Instruments for details

20. Other Investments in Debt Obligations

See Note V. 10 Financial Instruments for details

21. Long-term Receivables

Naught

22. Long-term Equity Investments

(1) Recognition of the investment cost of the long-term equity investment

(a) Long-term equity investments acquired through a business combination– The initial investment cost of a long-term equityinvestment obtained through a business combination involving entities under common control is the Company’s share of thesubsidiary’s equity at the combination date. The difference between the initial investment cost and the carrying amounts of theconsideration given is adjusted to share premium in capital reserve. If the balance of the share premium is insufficient, any excess isadjusted to retained earnings. For the long-term equity investment of the subsidiaries formed from the enterprise merger under thesame control that realized step by step of the multiple transaction not belong to package deal, the Company would adjust the capitalstock premium among the capital surplus according to the difference between the initial investment cost of the long-term equityinvestment recognized according to the above principles and the sum of the book value of the long-term equity investment beforereaching the merger and the book value of the newly paid consideration which be further received on the merger date, and if thebalance of the share premium is insufficient, any excess is adjusted to retained earnings.– For other long-term equity investment obtained through entities not under common control, the fair values, on the acquisition date,of the assets given, the liabilities incurred or assumed and the equity securities issued by the acquirer in exchange for the control onthe acquiree shall be recognized as initial investment cost of the long-term equity investment. For long-term equity investmentobtained through a business combination involving entities not under common control by two or more transactions and by severalsteps, the initial investment cost is recognized as the aggregation of the carrying value of acquirees’ equity investment before theacquisition date held by the Company and newly investment cost at the acquisition date.(b) Long-term equity investments acquired otherwise than through a business combinationFor the Long-term equity investments acquired otherwise than through a business combination, if the long-term investment isacquired by paying cash, the Group shall, upon initial recognition, take the purchase price actually paid as the initial investment cost ;

For the long-term equity investment obtained by issuing equity securities, the Group takes the fair value of equity securities issued asthe initial investment cost.

(2) Subsequent measurement and recognition of profits or losses of the long-term equity investment(a) Investments in subsidiariesIn the Company’s financial statements, investments in subsidiaries are accounted for using the cost method, unless the investment isclassified as held for sale. Cash dividends or profit distributions declared by subsidiaries and attributed to the Company shall berecognized as investment income, without dividing whether it’s the net profit realized by the investee before the investment or afterthe investment, except those that have been declared but unpaid at the time of acquisition and therefore included in the price paid orconsideration.The investment into the subsidiaries is stated at cost less impairment losses in the balance sheet.As for the impairment testing method and impairment provisions for investments in subsidiaries, please refer to V. SignificantAccounting Policies and Estimates-31. Long-term Asset Impairment.In the Group’s consolidated financial statements, long-term equity investments in subsidiaries are treated in accordance with V.Significant Accounting Policies and Estimates-6. Preparation Method for Consolidated Financial Statements.(b) Investment in jointly controlled enterprises and associatesThe joint enterprise refers to an arrangement that the Group and other joint operation parties execute jointly control and only enjoythe rights of their own net assets.An associate is an enterprise over which the Group has significant influence.Upon the subsequent measurement, an investment in a jointly controlled enterprise or an associate is accounted for using the equitymethod, unless the investment is classified as held for sale.The Group makes the following accounting treatments when using the equity method:

– Where the initial investment cost of a long-term equity investment exceeds the Group’s interest in the fair value of the investee’sidentifiable net assets at the date of acquisition, the investment is initially recognized at the initial investment cost. Where the initialinvestment cost is less than the Group’s interest in the fair value of the investee’s identifiable net assets at the date of acquisition, theinvestment is initially recognized at the investor’s share of the fair value of the investee’s identifiable net assets, and the difference ischarged to profit or loss.– After the acquisition of the investment, the Group recognizes its share of the investee’s net profits or losses after deducting theamortization of the debit balance of equity investment difference, which was recognized by the Group before the first-time adoptionof CAS, as investment income or losses, and adjusts the carrying amount of the investment accordingly. The debit balance of theequity investment difference is amortized using the straight-line method over a period which is determined in accordance withprevious accounting standards. Once the investee declares any cash dividends or profits distributions, the carrying amount of theinvestment is reduced by that attributable to the Group. As for the other changes of the owners’ equities except for the net gains andlosses, other comprehensive income and profits distribution of the joint ventures or associated enterprises (hereinafter referred to as“changes of other owners’ equities”), the Group included which in the shareholders’ equities according to the portion ought to beenjoyed or shared, and at the same time adjust the book value of the long-term equity investment.– The Group recognizes its share of the investee’s net profits or losses, other comprehensive income and changes of other owners’equities after making appropriate adjustments to align the accounting policies or accounting periods with those of the Group based onthe fair values of the investee’s identifiable net assets at the date of acquisition. Unrealized profits and losses resulting fromtransactions between the Group and its associates or jointly controlled enterprises are eliminated to the extent of the Group’s interestin the associates or jointly controlled enterprises. Unrealized losses resulting from transactions between the Group and its associatesor jointly controlled enterprises are eliminated in the same way as unrealized gains but only to the extent that there is no evidence ofimpairment.– The Group discontinues recognizing its share of net losses of the investee after the carrying amount of the long-term equity

investment and any long-term interest that in substance forms part of the Group’s net investment in the associate or the jointlycontrolled enterprise is reduced to zero, except to the extent that the Group has an obligation to assume additional losses. Where netprofits are subsequently made by the associate or jointly controlled enterprise, the Group resumes recognizing its share of thoseprofits only after its share of the profits equals the share of losses not recognized.As for the impairment testing method and impairment provisions for investments in joint ventures and associated enterprises, pleaserefer to V. Significant Accounting Policies and Estimates-31. Long-term Asset Impairment.

(3) The basis for determination of joint control or significant influence over investee enterpriseJoint control refers to the control jointly owned on certain arrangement according to relevant agreement and the relevant activities ofthe arrangement (which are the activities cause significant influences on the arrangement) could only execute the decision-makingthrough the unanimous consent of the parties sharing control.The following evidences shall be considered when determining whether the Group can exercise joint control over an investee:

? No single venture is in a position to control the operating activities unilaterally;? Operating decisions relating to the investee’s economic activity require the unanimous consent of the parties sharing control.Significant influence is the power to participate in the financial and operating policy decisions of an investee but is not control orjoint control over those policies.

23. Investment Property

Measurement model for investment propertyCost measurementMethod of depreciation and amortizationThe Company classified its real estate held for earning rents or capital appreciation or for both into the investment property. TheCompany applied the cost model to measure the investment real estate. Namely, it would be presented in the Balance Sheet throughdeducting the accumulated depreciation, amortization and the depreciation reserves from the costs. Besides, the Company wouldcalculate and withdraw or amortize the investment real estate by using the straight-line method within the service life throughdeducting the predicted net residual value and the accumulated provision reserves from the costs, unless the investment real estatecould meet corresponding held-for-sale conditions.

24. Fixed Assets

(1) Conditions for Recognition

Fixed assets represent the tangible assets held by the Group for use in the production of goods or supply of services for rental toothers or for operation and administrative purposes with useful lives over one year. The cost of a purchased fixed asset comprises thepurchase price, related taxes, and any directly attributable expenditure for bringing the asset to working condition for its intended use.The cost of self-constructed assets is measured in accordance with the policy set out in Note V. Significant Accounting Policies andEstimates-25. Construction in Progress. Where parts of an item of fixed assets have different useful lives or provide benefits to theGroup in different patterns thus necessitating use of different depreciation rates or methods, each part is recognized as a separatefixed asset. The subsequent costs, including the cost of replacing part of an item of fixed assets, are recorded into fixed asset costwhen the economic interests related to costs may flow into the Group, and the carrying amount of the replaced part is derecognized.The costs of the day-to-day servicing of fixed assets are recognized in profit or loss as incurred. Fixed assets are stated in the balancesheet at cost less accumulated depreciation and impairment losses.

(2) Depreciation Methods

Category of fixed assets	Depreciation method	Depreciable life	Residual value rate (%)	Yearly depreciation
Workshops and buildings	Straight-line method	10-15 years	3%-10%	1.8%-9.7%
Equipments	Straight-line method	2-25 years	0-10%	3.6%-50%
Others	Straight-line method	2-10 years	0-10%	9.0%-50%

(3) Recognition Basis, Pricing and Depreciation Method of Fixed Assets by Finance LeaseOn the begin date of the lease term, the financing leased assets of the Group should be recorded in the entry value according to thelower one between the fair value of the leasing assets and the net value of the minimum lease payment, and the minimum leasepayment should be regarded as the entry value of the long-term account payable with the difference be recognized as theunrecognized financial charges. The Group records the initial direct costs of the financial lease in the leased assets value. If it isreasonable to be certain that the lessee will obtain the ownership of the leased assets when the lease term expires, the leased assetsshall be fully depreciated within the available age limit. Otherwise, the leased assets shall be fully depreciated over the shorter one ofthe lease term or its available age limit. The Group amortizes the unrecognized financial charges by the effective interest rate methodwithin each period during the lease term and manages according to the principles of the borrowing costs. On the balance sheet date,the Group will respectively list the difference from the long-term account payable related to the finance lease minuses theunrecognized financial charges as the long-term liabilities and the long-term liabilities due within 1 year.

25. Construction in Progress

The cost of the self-constructed fixed asset including the engineering materials, direct labor, borrowing expenses met with thecapitalization condition (refer to V. Significant Accounting Policies and Estimates-26. Borrowing Costs) and the necessary expenseshappened before the assets reach the expected available state.When the self-constructed fixed asset reaches the available state, should transfer into the fixed assets, before which should be listedamong the construction in progress and not withdraw the depreciation.

26. Borrowing Costs

Borrowing costs incurred directly attributable to the acquisition and construction of a qualifying asset are capitalized as part of thecost of the asset. Other borrowing costs are recognised as financial expenses when incurred.During the capitalisation period, the amount of interest (including amortisation of any discount or premium on borrowing) to becapitalised in each accounting period is determined as follows:

-Where funds are borrowed specifically for the acquisition and construction of a qualifying asset, the amount of interest to becapitalised is the interest expense calculated using effective interest rates during the period less any interest income earned fromdepositing the borrowed funds or any investment income on the temporary investment of those funds before being used on the asset.-To the extent that the Group borrows funds generally and uses them for the acquisition and construction of a qualifying asset, theamount of borrowing costs eligible for capitalisation is determined by applying a capitalisation rate to the weighted average of theexcess amounts of cumulative expenditure on the asset over the above amounts of specific borrowings. The capitalisation rate is theweighted average of the interest rates applicable to the general-purpose borrowings.The effective interest rate is determined as the rate that exactly discounts estimated future cash flow through the expected life of theborrowing or, when appropriate, a shorter period to the initially recognised amount of the borrowings.

During the capitalisation period, exchange differences related to the principal and interest on a specific-purpose borrowingdenominated in foreign currency are capitalised as part of the cost of the qualifying asset. The exchange differences related to theprincipal and interest on foreign currency borrowings other than a specific-purpose borrowing are recognised as a financial expensewhen incurred.The capitalisation period is the period from the date of commencement of capitalisation of borrowing costs to the date of cessation ofcapitalisation, excluding any period over which capitalisation is suspended. Capitalisation of borrowing costs commences whenexpenditure for the asset is being incurred, borrowing costs are being incurred and activities of acquisition and construction that arenecessary to prepare the asset for its intended use are in progress, and ceases when the assets become ready for their intended use.When the parts of the qualifying assets acquired or constructed that are eligible for capitalisation are completed separately, and eachpart is available for use in other parts of the construction process or can be sold externally, and for the purpose of making the parts ofthe assets ready for use or necessary for the sales status, the acquisition or construction activities have been substantially completed,the Group ceases the capitalization of the borrowing costs related to the parts of the assets. Capitalisation of borrowing costs issuspended when the acquisition and construction activities are interrupted abnormally for a period of more than three months.

27. Living Assets

Naught

28. Oil and Gas Assets

Naught

29. Right-of-Use Assets

Naught

30. Intangible Assets

(1) Pricing Method, Useful life and Impairment test

(a) Pricing method of intangible assetsIntangible assets are stated in the balance sheet at cost less accumulated amortization (where the estimated useful life is finite) andimpairment losses. For an intangible asset with finite useful life, its cost less residual value and impairment losses are amortized onthe straight-line method over its estimated useful life, unless the intangible assets are classified as held for sale.(b) Estimated useful life of intangible assets with limited useful lifeAs for the intangible assets with limited useful life, after deducting the salvage of the cost and the impairment provision, the Groupamortized the intangible assets through straight line method within the expected service life, unless the intangible assets are classifiedas held for sale.(c) Judgment basis of intangible assets with uncertain useful lifeAn intangible asset is regarded as having an indefinite useful life and is not amortized when there is no foreseeable limit to the periodover which the asset is expected to generate economic benefits for the Group. At the balance sheet date, the Group doesn’t have anyintangible assets with indefinite useful lives.

(d) Withdrawal of impairment provision of intangible assetsIf any indication exists that an asset may be impaired, the recoverable amount of the asset is estimated. The recoverable amount of anasset, asset group or set of asset groups is the higher of its fair value less costs to sell and its present value of expected future cashflows. An asset group is the smallest identifiable group of assets that generates cash inflows that are largely independent of the cashinflows from other assets or asset groups. An asset group is composed of assets directly relating to cash-generation. Identification ofan asset group is based on whether major cash inflows generated by the asset group are largely independent of the cash inflows fromother assets or asset groups. In identifying an asset group, the Group also considers how management monitors the Group’soperations and how management makes decisions about continuing or disposing of the Group’s assets. An asset’s fair value less coststo sell is the amount determined by the price of a sale agreement in an arm’s length transaction, less the costs that are directlyattributable to the disposal of the asset. The present value of expected future cash flows of an asset is determined by discountingfuture cash flows, estimated to be derived from continuing use of the asset and from its ultimate disposal, to their present value usinga pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset.If the result of the recoverable amount calculation indicates that the recoverable amount of an asset is less than its carrying amount,the carrying amount of the asset is reduced to its recoverable amount. That reduction is recognized as an impairment loss and chargedto profit or loss for the current period. A provision for impairment loss of the asset is recognized accordingly. For impairment lossesrelated to an asset group or a set of asset groups, first reduce the carrying amount of any goodwill allocated to the asset group or setof asset groups, and then reduce the carrying amount of the other assets in the asset group or set of asset groups on a pro rata basis.However, the carrying amount of an impaired asset will not be reduced below the highest of its individual fair value less costs to sell(if determinable), the present value of expected future cash flows (if determinable) and zero.Once an impairment loss is recognized, it is not reserved in a subsequent period.

(2) Accounting Policies of Internal R & D Expenses

(a) Criteria of dividing the research phase and development phase of internal R&D projectResearch is original and planned investigation undertaken with the prospect of gaining new scientific or technical knowledge andunderstanding. Development is the application of research findings or other knowledge to a plan or design for the production of newor substantially improved materials, devices, or products before the start of commercial production or use.(b) Calculation of the expenditures of internal R&D projectExpenditures of internal R&D project of the Group divides into expenditures on the research phase and expenditures on thedevelopment phase.Expenditures on the research phase are recognized in profit or loss when incurred. Expenditures on the development phase arecapitalized if development costs can be measured reliably, the product or process is technically and commercially feasible, and theGroup intends to and has sufficient resources to complete development. Capitalized development costs are stated at cost lessimpairment losses in the balance sheet. Other development expenditures are recognized as expenses in the period in which they areincurred.

31. Impairment of Long-term Assets

The Group executes the impairment test on the assets with impairment indication and evaluates the recoverable amount of the assets.Besides, whether there is impairment indication, the Group will evaluate the recoverable amount of the goodwill at the year-end. TheGroup will amortize the book value of the good according to the benefit situation in the synergistic effect from the enterprise mergerby the relevant assets group or the combination of the assets group and based on which executes the impairment test of the goodwill.The recoverable amount of an asset, asset group or set of asset groups is the higher of its fair value less costs to sell and its presentvalue of expected future cash flows. An asset group is the smallest identifiable group of assets that generates cash inflows that arelargely independent of the cash inflows from other assets or asset groups. Fair value refers to the price received from selling an asset

or paid for transferring a liability in the orderly transaction on the measurement date by the market participants. When the Groupevaluating the fair value, should consider the characteristics when executing pricing of the relevant assets or liabilities on themeasurement date of the market participants (including the assets conditions and the location, the restrictions of the sales or use ofthe assets and so on) as well as adopt the evaluation technology that applicable under the current circumstance and owns adequateavailable data and supported by other information. The evaluation technology used mainly including the market method, equitymethod and cost method.An asset group is the smallest identifiable group of assets that generates cash inflows that are largely independent of the cash inflowsfrom other assets or asset groups. An asset group is composed of assets directly relating to cash-generation. Identification of an assetgroup is based on whether major cash inflows generated by the asset group are largely independent of the cash inflows from otherassets or asset groups. In identifying an asset group, the Group also considers how management monitors the Group’s operations andhow management makes decisions about continuing or disposing of the Group’s assets.The present value of expected future cash flows of an asset is determined by discounting future cash flows, estimated to be derivedfrom continuing use of the asset and from its ultimate disposal, to their present value using a pre-tax discount rate that reflects currentmarket assessments of the time value of money and the risks specific to the asset.If the result of the recoverable amount calculation indicates that the recoverable amount of an asset is less than its carrying amount,the carrying amount of the asset is reduced to its recoverable amount. That reduction is recognized as an impairment loss and chargedto profit or loss for the current period. A provision for impairment loss of the asset is recognized accordingly. For impairment lossesrelated to an asset group or a set of asset groups, first reduce the carrying amount of any goodwill allocated to the asset group or setof asset groups, and then reduce the carrying amount of the other assets in the asset group or set of asset groups on a pro rata basis.However, the carrying amount of an impaired asset will not be reduced below the highest of its individual fair value less costs to sell(if determinable), the present value of expected future cash flows (if determinable) and zero.Once an impairment loss is recognized, it is not reserved in a subsequent period.

32. Long-term Deferred Expenses

Long-term deferred expenses are amortized on a straight-line method within the benefit period:

Item	Amortization period (years)
Cost of construction and use of public facilities	10-15 years

Cost of operating lease assets improvement	2-10 years
Others	2-10 years

33. Contract Liabilities

Contract liabilities refer to the Company’s obligations in transferring commodities or services to the client for the received orpredicted consideration. Contract assets and contract liabilities under the same contract shall be presented based on the net amount.

34. Payroll

(1) Accounting Treatment of Short-term Compensation

During the accounting period of an employee' providing services, the Group recognizes the actual occurred or withdrawn workerwages, bonuses and the social insurance charges such as the medical insurance premiums, industrial injury insurance premium andbirth insurance premium according to the specified benchmark and proportion as well as the housing funds as the liabilities and

records which in the current gains and losses or the relevant asset costs.

(2) Accounting Treatment of the Welfare after Demission

The defined contribution plans participated by the Group including: the basic endowment insurance and unemployment insuranceamong the social security system set up and managed by the government institutions according to the requirements of the relevantChinese regulations of the employees of the Group and the corporation pension plan approved and set up by the relevant departmentsaccording to the relevant policies of the state enterprise annuity system. The payment amount of the basic endowment insurance andthe unemployment insurance should be calculated according to the benchmark and the proportion stipulated by the nation. Theenterprise annuity should be withdrawn according to the certain proportion of the total amount of the worker wages of the employeesvoluntarily participated in the pension plan. During the accounting period of the employees providing the service, the Companyrecognizes the deposited amount as the liabilities and records in the current gains and losses or the relevant asset costs.

(3) Accounting Treatment of the Demission Welfare

The Group relieves the labor relations with the employees before the maturity of the labor contracts or puts forward the advice forcompensation for encouraging the employees voluntarily accept the reduction, and recognizes the liabilities caused from thedemission welfare on the earlier date of the followings and at the same time records which in the current gains and losses:

? When the Group could not unilaterally withdraw the demission welfare provided owning to the termination of the labor relations orthe reduction advice:

? The Group owns specific and formal reorganization plan that concerning the payment of the demission welfare; and the time whenthe reorganization plan had been executed or had announced the main content of the plan to the parties influenced by which, then ledall parties formed the rational expectations about the Group is going to execute the reorganization.

(4) Accounting Treatment of the Welfare of Other Long-term Staffs

The welfare of other long-term staffs refers to the all the employees compensation except for the short-term compensation, welfareafter demission and demission welfare, which including the long-term compensated absences, long-term sociability benefits andlong-term profit sharing plan and so on. The Group not involved with any other long-term employee's welfare.

35. Lease Liabilities

Naught

36. Provisions

A provision is recognized for an obligation related to a contingency if the Group has a present obligation that can be estimatedreliably, and it is probable that an outflow of economic benefits will be required to settle the obligation.The estimated liabilities should be executed the initial measurement according to the best estimated number needed to be spent whencaring out the relevant current obligations. As for those with significant influences on the time value of money, the estimatedliabilities should be confirmed according to the amount after the discount of the estimated future cash flow. When recognizing thebest estimated number, the Group comprehensively considers the factors such as the risks, uncertainty and the time value of moneyrelated to the contingencies. There is a contiguous range of the needed expenses and the possibility of various results within the rangeis the same and the best estimated number should be recognized according to the mediant within the range; under other circumstance,the best estimated number should be handled respectively according to the following situations:

? If the contingencies involve with a single item, should be recognized according to the most likely happened amount.? If the contingencies involve with various items, should be recognized according to the calculation of various possible results andthe relevant probabilities.

The Group executes the reexamination of the book value of the estimated liabilities on the balance sheet date and adjusts the bookvalue according to the current best estimated number.

37. Share-based Payment

Naught

38. Other Financial Instruments such as Preferred Shares and Perpetual Bonds

Refer to V.-10. Financial Instruments for details.

39. Revenue

Accounting policies for recognition and measurement of revenueRevenue is the total inflow of economic benefits formed in the daily activities of the Company, which will lead to the increase ofshareholders' equity and is not related to the capital invested by shareholders.If the contract contains two or more performance obligations, the Company shall at the beginning of the contract allocate thetransaction price to each individual performance obligation according to the relative proportion of the individual selling price of thecommodities or services committed by each individual performance obligation, and measure the income according to the transactionprice allocated to each individual performance obligation.The transaction price is the amount of consideration to which the Company is expected to be entitled as a result of the transfer ofgoods or services to the customer, excluding payments received on behalf of the third parties. A transaction price confirmed by theGroup does not exceed the amount of the cumulative recognized revenue that will probably not have significant reversal when relateduncertainties have been eliminated. Payments expected to be returned to customers are treated as return liabilities and not includedinto transaction prices.If a contract has any significant financing component, the Group will determine the transaction price by the amount assumed to bepaid by the customer in cash when acquiring the control over the commodity or the service. The difference between the transactionprice and the contract consideration is amortized in the effective interest method during the contract period. On the start date of acontract, if the Group expects that the gap between the customer’s acquisition of the control over the commodity or the service andits payment of the price will not exceed one year, the contract will not be considered as containing any significant financingcomponent.If one of the following conditions is met, the performance obligations shall be performed within a certain period of time; Otherwise,the performance obligation shall be performed at a certain point:

①The client obtains and consumes the economic benefits brought by the Company's performance of the contract at the same time;

②The customer can control the commodities under construction during the performance of the Company;

③The commodities produced by the Company during the performance of the contract shall have irreplaceable uses and the Companyshall be entitled to receive payment for the accumulated part of the performance of the contract to date throughout the contractperiod.For a contract performance obligation fulfilled in a time period, the Group recognizes the revenue according to the progress towardsthe contract completion during the period. When the progress cannot be reasonably determined and if the cost already incurred by theGroup is expected to be compensated, the revenue should be recognized according to the amount of the cost already incurred, untilthe progress towards the contract completion can be reasonably determined.For a contract performance obligation fulfilled at a time point, the Group recognizes the revenue at the time point when the customer

acquires the control over the related commodity or service In judging whether a customer has acquired the control over a commodityor a service, the Group considers the following signs:

①The Company has a current payment right in respect of the goods or services;

②The Company has transferred the physical goods to the customer; The Company has transferred the legal ownership of thecommodity to the customer, that is, the customer has the legal ownership of the commodity;

③ The Company has transferred the legal ownership of the commodity or the main risks and remuneration on the ownership of thegoods to the customer;

④The customer has accepted the goods.

The specific accounting policies related to the group's major revenue generating activities are described as follows:

(1) Sales contract

The sales contracts between the group and its customers usually include the performance obligations of the transferred goods and theguaranteed warranty services. When judging whether the control right is transferred, the group usually makes comprehensiveconsideration from the following aspects: whether to obtain the current collection right of the goods; whether the main risks andrewards of the ownership of the goods are transferred; whether the legal ownership of the goods is transferred; whether the physicalassets of the goods are transferred; and whether the customers accept the goods. Normally, when the goods are delivered to thecustomer's site and the customer has accepted the goods, the customer obtains control of the goods and the Group recognizes therevenue at the same time.

(2) Sales return clause

For sales with sales return clauses, revenue recognition is limited to the extent that the accumulated recognized revenue is unlikely tohave significant reversal. That is, the group estimates the expected return amount of the commodity according to the historical returndata of the commodity when the customer obtains control of the relevant commodity.At the same time, the balance after deducting the estimated cost of recovering the goods (including the value loss of the returnedgoods) is recognized as the receivable return cost according to the book value of the returned goods at the time of transfer, and the netamount after deducting the above asset costs is carried forward according to the book value of the transferred goods at the time oftransfer cost. On each balance sheet date, the group re estimates the future sales returns and re measures the above assets andliabilities.

(3) Service contract

The service contract between the group and its customers usually includes performance obligations such as maintenance andguarantee services, operation and maintenance services, engineering services, medical services, product development, etc. If thecontract satisfies that the customer obtains and consumes the economic benefits brought by the performance of the group at the sametime of the performance of the group, or the customer can control the goods under construction during the performance of the group,or the goods produced during the performance of the group have irreplaceable uses (e.g. produced according to the specificrequirements of the customer), and if the customer terminates the contract, the group has the right to accumulate to the completedpart of the performance will be charged with the amount that can compensate the cost incurred and reasonable profit. The groupregards it as the performance obligation performed in a certain period of time and recognizes the revenue according to theperformance progress.For contracts with prepayment terms, the group regards the obligation of transferring goods or services to customers forconsideration received from customers as contract liabilities, and recognizes the right of the group to receive consideration aftertransferring goods or services to customers in the process of performance as a contract asset, which is presented in net amount afteroffsetting each other at the end of the period.If the contract contains two or more performance obligations, the group allocates the transaction price to each service according tothe relative proportion of the separate selling price of each single service on the contract start date. The separate selling price of eachservice is based on the price of each service separately sold by the group.

(4) Bonus points

According to the bonus point plan, the group allocates part of the transaction price to the bonus points that can be redeemed anddeducted when customers purchase the group's goods or services in the future. The apportionment proportion is determined accordingto the relative proportion of the reward points and the separate selling price of the relevant commodities. The group defers theamount allocated to bonus points and recognizes it as revenue when the points are exchanged or due.

(5) Variable consideration

Some contracts between the group and customers include cash discount, rebate on delivery, etc., forming variable consideration. TheGroup determines the expected value or the amount most likely to occur and determines the best estimate of variable considerationaccording to the historical preference of such goods or customers. At the same time, the transaction price including variableconsideration shall not exceed the amount that the accumulated recognized income will not be significantly reversed when therelevant uncertainty is eliminated.

(6) Major financing components

If there are significant financing components in the contract, the Group determines the transaction price according to the amountpayable in cash when the customer obtains control of the commodity, and uses the discount rate of discounting the nominal amountof the contract consideration into the cash sale price of the commodity, and the difference between the determined transaction priceand the consideration amount promised in the contract is amortized by the effective interest rate method during the contract period.The group does not consider the significant financing components in the contract if the interval between the customer's acquisition ofcommodity control and the customer's payment of the price is less than one year.Differences in accounting policies for the recognition of revenue caused by different business models for the same type of businessNaught

40. Government grants

Government grants are non-reciprocal transfers of monetary or non-monetary assets from the government to the Group except forcapital contributions from the government in the capacity as an investor in the Group.A government grant is recognised when there is reasonable assurance that the grant will be received and that the Group will complywith the conditions attaching to the grant.If a government grant is in the form of a transfer of a monetary asset, it is measured at the amount received or receivable. If agovernment grant is in the form of a transfer of a non-monetary asset, it is measured at fair value.Government grants related to assets are grants whose primary condition is that the Group qualifying for them should purchase,construct or otherwise acquire long-term assets. Government grants related to income are grants other than those related to assets.Those related to daily activities of the Company are included in other income or used to write off related cost based on the nature ofeconomic businesses, or included in non-operating income and expense in respect of those not related to daily activities of theCompany.With respect to the government grants related to assets, if the Group first obtains government grants related to assets and thenrecognizes the long-term assets purchased and constructed, deferred income is included in profit and loss based on a reasonable andsystematic approach by stages when related assets are initially depreciated or amortized; or the deferred income is written off againstthe carrying amount of the asset when the asset becomes ready for its intended status or intended use. If the Group obtainsgovernment grants related to the assets after relevant long-term assets are put into use, deferred income is included in profit and lossbased on a reasonable and systematic approach by stages within the remaining useful life of relevant assets, or the deferred income iswritten off against the carrying amount of relevant asset when the grants are obtained; the assets shall be depreciated or amortizedbased on the carrying amount after being offset and the remaining useful life of relevant assets.For the government grants related to income which are used to compensate for related costs or losses of the Group in the future

period, it shall be recognized as deferred income, and included in profit and loss or used to offset related costs; otherwise it shall bedirectly included in profit and loss or used to offset related costs.In respect of the policy-based preferential loan interest subsidy obtained by the Group, if the interest subsidy is appropriated to thelending bank which shall provide loans to the Group at the policy-based preferential interest rate, the actual loan amount is used asthe entry value and relevant borrowing costs are calculated on the basis of the loan principal and the preferential interest rate. If theinterest subsidy is directly appropriated to the Group, relevant borrowing costs shall be offset by corresponding interest subsidy. Ifborrowing costs are capitalized as part of the cost of the asset (see Note V. Significant Accounting Policies and Estimates-26.Borrowing Costs), the interest subsidy shall be used to offset relevant asset costs.

41. Deferred Income Tax Assets/Deferred Income Tax Liabilities

(1) Recognition basis of deferred income tax assets

The Group uses the balance sheet liability method to calculate its income tax, which is recognized in accordance with a differencebetween the carrying amount of an asset or liability and its tax base (temporary difference). For any deductible loss that can becarried forward to the next year to deduct the income tax according to the stipulations of tax law, relevant deferred income tax assetsshall be recognized. The deferred income tax asset shall be determined to the extent that the amount of taxable income to be offset bythe deductible loss or tax deduction to be likely obtained. For the deductible temporary difference relating to the investments of thesubsidiary companies, associated enterprises and joint enterprises, the enterprise shall recognize the corresponding deferred incometax assets for those that meet the following requirements: the temporary differences are likely to be reversed in the expected future;and it is likely to acquire any amount of taxable income that may be used for deducting the deductible temporary differences.

(2) Recognition basis of deferred income tax liabilities

The Group uses the balance sheet liability method to calculate its income tax, which is recognized in accordance with a differencebetween the carrying amount of an asset or liability and its tax base (temporary difference). As for the temporary difference from theinitial recognition of goodwill, no deferred income tax liabilities shall be recognized. The taxable temporary differences relating tothe investments of subsidiary companies, associated enterprises and joint enterprises shall recognized as corresponding deferredincome tax liabilities, however, excluding those that simultaneously satisfy the following conditions: the investing enterprise cancontrol the time of the reverse of temporary differences; and the temporary differences are unlikely to reverse in the excepted future.

42. Lease

(1) Accounting Treatment of Operating Lease

Rental payments under operating leases are recognized as costs or expenses on a straight-line basis over the lease term.Income derived from operating leases is recognized in the income statement using the straight-line method over the lease term. Ifinitial direct costs incurred in respect of the assets leased out are material, the costs are initially capitalized and subsequentlyamortized in profit or loss over the lease term on the same basis as the lease income. Otherwise, the costs are charged to profit or lossimmediately.

(2) Accounting Treatments of Financial Lease

When the Group acquires an asset under a finance lease, the asset is measured at an amount equal to the lower of its faire values andthe present value of the minimum lease payments, each determined at the inception of the lease. The minimum lease payments arerecorded as long-term payables. The difference between the value of the leased assets and the minimum lease payments is recognizedas unrecognized finance charges. Initial direct costs that are attributable to a finance lease incurred by the Group are added to theamounts recognized for the leased asset.If there is reasonable certainty that the Group will obtain ownership of a leased asset at the end of the lease term, the leased asset is

depreciated over its estimated useful life. Otherwise, the leased asset is depreciated over the shorter of the lease term and itsestimated useful life.Unrecognized finance charge under finance lease is amortized using an effective interest method over the lease term. Theamortization is accounted for in accordance with policies of borrowing costs. At the balance sheet date, long-term payables arisingfrom finance leases, net of the unrecognized finance charges, are presented into long-term payables and non-current liabilities duewithin one year, respectively in the balance sheet.The economic essence of leaseback formed financial lease is mortgage loan. The Company takes the received financing asborrowings to report, and conducts subsequent measurements for long-term accounts payable according to amortized costs byeffective interest method.

43. Other Significant Accounting Policies and Estimates

(1) Related parties

If a party has the power to control, jointly control or exercise significant influence over another party, or vice versa, or where two ormore parties are subject to common control, joint control, or significant influence from another party, they are considered to berelated parties. Related parties may be individuals or enterprises. Enterprises with which the Company is under common control onlyfrom the State and that have no other related party relationships are not regarded as related parties of the Group.Besides the related parties of the Company shall be determined based on the disclosure requirements of “Administrative Procedures onthe Information Disclosures of Listed Companies” issued by the CSRC:

(2) Segment Report

The Company will define various operation divisions based on the internal organizational structure, management requirements and theinternal reporting system. If two or above operation divisions possess similar economic features and the identical or similar features canbe observed in each single product’s or service’s nature, the production process’s nature, the product or service customer’s type, theproduct selling or service rendering method, the legal influence and the administrative law impact on the product or the renderedservice, it could be consolidated into one operation division. Based on each single operation division, the reporting division could bedetermined by taking the importance principle into consideration.While formulating the divisional report, the Company should measure the divisional transaction revenue based on the actual transactionprice, and the accounting policy applied to formulate the divisional report should be consistent with that applied to formulate thegroup’s financial statements.

44. Changes in Significant Accounting Policies and Estimates

(1) Changes in Significant Accounting Policies

√ Applicable □ Not applicable

Contents of changes in accounting policies and reasons thereof	Approval procedures	Note
The Company starts to implement the Accounting Standards for Business Enterprises No.14-Revenue revised and issued by the Ministry of Finance in 2017 since 1 January 2020 and adjusts related contents of accounting policies.	Reviewed and approved by the Board of Directors and the Executive Committee	The Accounting Standards for Business Enterprises No.14-Revenue did not cause any significant influence on the financial status and operating results of the Company.

(2) Changes in Accounting Estimates

□ Applicable √ Not applicable

(3) Adjustments to the Financial Statements at the Beginning of the First Execution Year of any NewStandards Governing Revenue or Leases since 2020ApplicableItems of balance sheets at the beginning of the year need to be adjusted or not

√ Yes □ No

Consolidated Balance Sheet

Unit: RMB

Item	31 December 2019	1 January 2020	Adjusted
Current assets:
Monetary assets	56,972,723,239.00	56,972,723,239.00	0.00
Settlement reserve	0.00	0.00	0.00
Interbank loans granted	0.00	0.00	0.00
Held-for-trading financial assets	5,809,184,994.00	5,809,184,994.00	0.00
Derivative financial assets	0.00	0.00	0.00
Notes receivable	331,145,492.00	331,145,492.00	0.00
Accounts receivable	18,135,687,806.00	18,170,971,650.00	35,283,844.00
Accounts receivable financing	0.00	0.00	0.00
Prepayments	626,985,706.00	626,985,706.00	0.00
Premiums receivable	0.00	0.00	0.00
Reinsurance receivables	0.00	0.00	0.00
Receivable reinsurance contract reserve	0.00	0.00	0.00
Other receivables	706,171,112.00	706,171,112.00	0.00
Including: Interest receivable	215,977,831.00	215,977,831.00	0.00
Dividends receivable	0.00	0.00	0.00
Financial assets purchased under resale agreements	0.00	0.00	0.00
Inventories	12,396,194,762.00	12,396,194,762.00	0.00
Contract assets	0.00	0.00	0.00

Assets held for sale	173,910,820.00	173,910,820.00	0.00
Current portion of non-current assets	0.00	0.00	0.00
Other current assets	9,296,637,067.00	9,330,892,119.00	34,255,052.00
Total current assets	104,448,640,998.00	104,518,179,894.00	69,538,896.00
Non-current assets:
Loans and advances to customers	0.00	0.00	0.00
Investments in debt obligations	0.00	0.00	0.00
Investments in other debt obligations	0.00	0.00	0.00
Long-term receivables	0.00	0.00	0.00
Long-term equity investments	2,718,037,934.00	2,718,037,934.00	0.00
Investments in other equity instruments	632,076,647.00	632,076,647.00	0.00
Other non-current financial assets	0.00	0.00	0.00
Investment property	1,241,242,850.00	1,241,242,850.00	0.00
Fixed assets	125,786,241,938.00	125,786,241,938.00	0.00
Construction in progress	87,376,782,527.00	87,376,782,527.00	0.00
Productive living assets	0.00	0.00	0.00
Oil and gas assets	0.00	0.00	0.00
Right-of-use assets	0.00	0.00	0.00
Intangible assets	7,416,416,829.00	7,416,416,829.00	0.00
Development costs	0.00	0.00	0.00
Goodwill	707,603,856.00	707,603,856.00	0.00
Long-term prepaid expense	345,424,409.00	345,424,409.00	0.00
Deferred income tax assets	248,153,761.00	182,880,117.00	-65,273,644.00
Other non-current assets	9,491,581,559.00	9,491,581,559.00	0.00
Total non-current assets	235,963,562,310.00	235,898,288,666.00	-65,273,644.00
Total assets	340,412,203,308.00	340,416,468,560.00	4,265,252.00
Current liabilities:
Short-term borrowings	6,366,717,121.00	6,366,717,121.00	0.00

Borrowings from the central bank	0.00	0.00	0.00
Interbank loans obtained	0.00	0.00	0.00
Held-for-trading financial liabilities	0.00	0.00	0.00
Derivative financial liabilities	0.00	0.00	0.00
Notes payable	2,028,917,980.00	2,028,917,980.00	0.00
Accounts payable	21,183,567,553.00	21,217,822,605.00	34,255,052.00
Advances from customers	1,260,732,785.00	297,330,727.00	-963,402,058.00
Contract liabilities		963,402,058.00	963,402,058.00
Financial assets sold under repurchase agreements	0.00	0.00	0.00
Customer deposits and interbank deposits	0.00	0.00	0.00
Payables for acting trading of securities	0.00	0.00	0.00
Payables for underwriting of securities	0.00	0.00	0.00
Employee benefits payable	2,373,745,454.00	2,373,745,454.00	0.00
Taxes payable	730,996,129.00	730,996,129.00	0.00
Other payables	24,570,589,610.00	24,570,589,610.00	0.00
Including: Interest payable	721,325,540.00	721,325,540.00	0.00
Dividends payable	14,568,242.00	14,568,242.00	0.00
Handling charges and commissions payable	0.00	0.00	0.00
Reinsurance payables	0.00	0.00	0.00
Liabilities directly associated with assets held for sale	0.00	0.00	0.00
Current portion of non-current liabilities	18,849,281,019.00	18,849,281,019.00	0.00
Other current liabilities	1,013,738,515.00	1,049,022,359.00	35,283,844.00
Total current liabilities	78,378,286,166.00	78,447,825,062.00	69,538,896.00
Non-current liabilities:

Insurance contract reserve	0.00	0.00	0.00
Long-term borrowings	107,730,595,615.00	107,730,595,615.00	0.00
Bonds payable	387,878,384.00	387,878,384.00	0.00
Including: Preferred shares	0.00	0.00	0.00
Perpetual bonds	0.00	0.00	0.00
Lease liabilities	0.00	0.00	0.00
Long-term payables	984,520,824.00	984,520,824.00	0.00
Long-term employee benefits payable	0.00	0.00	0.00
Provisions	16,457,010.00	16,457,010.00	0.00
Deferred income	2,204,400,566.00	2,204,400,566.00	0.00
Deferred income tax liabilities	1,451,825,357.00	1,386,551,713.00	-65,273,644.00
Other non-current liabilities	8,200,542,412.00	8,200,542,412.00	0.00
Total non-current liabilities	120,976,220,168.00	120,910,946,524.00	-65,273,644.00
Total liabilities	199,354,506,334.00	199,358,771,586.00	4,265,252.00
Owners’ equity:
Share capital	34,798,398,763.00	34,798,398,763.00	0.00
Other equity instruments	8,013,156,853.00	8,013,156,853.00	0.00
Including: Preferred shares	0.00	0.00	0.00
Perpetual bonds	8,013,156,853.00	8,013,156,853.00	0.00
Capital reserves	38,353,242,364.00	38,353,242,364.00	0.00
Less: Treasury stock	0.00	0.00	0.00
Other comprehensive income	-4,566,639.00	-4,566,639.00	0.00
Specific reserve	0.00	0.00	0.00
Surplus reserves	1,516,139,709.00	2,050,045,823.00	533,906,114.00
General reserve	0.00	0.00	0.00
Retained earnings	12,381,758,005.00	11,847,851,891.00	-533,906,114.00
Total equity attributable to owners of the Company as the parent	95,058,129,055.00	95,058,129,055.00	0.00
Non-controlling interests	45,999,567,919.00	45,999,567,919.00	0.00

Total owners’ equity	141,057,696,974.00	141,057,696,974.00	0.00
Total liabilities and owners’ equity	340,412,203,308.00	340,481,742,204.00	4,265,252.00

Note for adjustment:

The Company starts to implement the Accounting Standards for Business Enterprises No. 14-Revenue revised in 2017 since 1January 2020 and adjusts the financial statements of the first execution year as required by standards.Balance Sheet of the Company as the Parent

Unit: RMB

Item	31 December 2019	1 January 2020	Adjusted
Current assets:
Monetary assets	3,680,770,048.00	3,680,770,048.00	0.00
Held-for-trading financial assets	0.00	0.00	0.00
Derivative financial assets	0.00	0.00	0.00
Notes receivable	84,230,531.00	84,230,531.00	0.00
Accounts receivable	646,533,115.00	4,659,505,636.00	4,012,972,521.00
Accounts receivable financing	0.00	0.00	0.00
Prepayments	77,682,682.00	77,682,682.00	0.00
Other receivables	4,827,398,094.00	4,827,398,094.00	0.00
Including: Interest receivable	11,884,080.00	11,884,080.00	0.00
Dividends receivable	941,634,611.00	941,634,611.00	0.00
Inventories	13,935,401.00	13,935,401.00	0.00
Contract assets	0.00	0.00	0.00
Assets held for sale	0.00	0.00	0.00
Current portion of non-current assets	0.00	0.00	0.00
Other current assets	109,497,897.00	109,497,897.00	0.00
Total current assets	9,440,047,768.00	13,453,020,289.00	4,012,972,521.00
Non-current assets:
Investments in debt obligations	0.00	0.00	0.00
Investments in other debt obligations	0.00	0.00	0.00
Long-term receivables	0.00	0.00	0.00
Long-term equity investments	159,389,864,760.00	159,389,864,760.00	0.00
Investments in other equity instruments	79,405,724.00	79,405,724.00	0.00
Other non-current financial assets	0.00	0.00	0.00
Investment property	280,525,802.00	280,525,802.00	0.00
Fixed assets	949,104,308.00	949,104,308.00	0.00

Construction in progress	358,933,667.00	358,933,667.00	0.00
Productive living assets	0.00	0.00	0.00
Oil and gas assets	0.00	0.00	0.00
Right-of-use assets	0.00	0.00	0.00
Intangible assets	1,493,632,264.00	1,493,632,264.00	0.00
Development costs	0.00	0.00	0.00
Goodwill	0.00	0.00	0.00
Long-term prepaid expense	109,216,398.00	109,216,398.00	0.00
Deferred income tax assets	360,268,466.00	0.00	-360,268,466.00
Other non-current assets	162,516,190.00	162,516,190.00	0.00
Total non-current assets	163,183,467,579.00	162,823,199,113.00	-360,268,466.00
Total assets	172,623,515,347.00	176,276,219,402.00	3,652,704,055.00
Current liabilities:
Short-term borrowings	1,220,000,000.00	1,220,000,000.00	0.00
Held-for-trading financial liabilities	0.00	0.00	0.00
Derivative financial liabilities	0.00	0.00	0.00
Notes payable	0.00	0.00	0.00
Accounts payable	27,919,341.00	27,919,341.00	0.00
Advances from customers	2,117,568,995.00	-150,706,885.00	-2,268,275,880.00
Contract liabilities	0.00	0.00	0.00
Employee benefits payable	252,206,075.00	252,206,075.00	0.00
Taxes payable	107,287,957.00	107,287,957.00	0.00
Other payables	5,260,470,974.00	5,260,470,974.00	0.00
Including: Interest payable	95,859,219.00	95,859,219.00	0.00
Dividends payable	6,451,171.00	6,451,171.00	0.00
Liabilities directly associated with assets held for sale	0.00	0.00	0.00
Current portion of non-current liabilities	5,490,440,787.00	5,490,440,787.00	0.00
Other current liabilities	1,423,133.00	1,423,133.00	0.00
Total current liabilities	14,477,317,262.00	12,209,041,382.00	-2,268,275,880.00
Non-current liabilities:
Long-term borrowings	33,310,701,574.00	33,310,701,574.00	0.00
Bonds payable	0.00	0.00	0.00
Including: Preferred shares	0.00	0.00	0.00

Perpetual bonds	0.00	0.00	0.00
Lease liabilities	0.00	0.00	0.00
Long-term payables	0.00	0.00	0.00
Long-term employee benefits payable	0.00	0.00	0.00
Provisions	0.00	0.00	0.00
Deferred income	4,627,393,256.00	4,627,393,256.00	0.00
Deferred income tax liabilities	0.00	581,918,794.00	581,918,794.00
Other non-current liabilities	33,297,240,830.00	33,297,240,830.00	0.00
Total non-current liabilities	71,235,335,660.00	71,817,254,454.00	581,918,794.00
Total liabilities	85,712,652,922.00	84,026,295,836.00	-1,686,357,086.00
Owners’ equity:
Share capital	34,798,398,763.00	34,798,398,763.00	0.00
Other equity instruments	8,013,156,853.00	8,013,156,853.00	0.00
Including: Preferred shares	0.00	0.00	0.00
Perpetual bonds	8,013,156,853.00	8,013,156,853.00	0.00
Capital reserves	37,608,039,685.00	37,608,039,685.00	0.00
Less: Treasury stock	0.00	0.00	0.00
Other comprehensive income	193,638,576.00	193,638,576.00	0.00
Specific reserve	0.00	0.00	0.00
Surplus reserves	1,516,139,709.00	2,050,045,823.00	533,906,114.00
Retained earnings	4,781,488,839.00	9,586,643,866.00	4,805,155,027.00
Total owners’ equity	86,910,862,425.00	92,249,923,566.00	5,339,061,141.00
Total liabilities and owners’ equity	172,623,515,347.00	176,276,219,402.00	3,652,704,055.00

Note for adjustment:

The Company starts to implement the Accounting Standards for Business Enterprises No. 14-Revenue revised in 2017 since 1January 2020 and adjusts the financial statements of the first execution year as required by standards.

(4) Retroactive Adjustments to Comparative Data of Prior Years when First Execution of any NewStandards Governing Revenue or Leases since 2020

□ Applicable √ Not applicable

45. Others

Naught

VI. Taxation

1. Main Taxes and Tax Rate

Category of taxes	Tax basis	Tax rate
VAT	Output VAT is calculated on the income from product sales, provision of taxable labor services and provision of taxable services, based on tax laws. The remaining balance of output VAT, after subtracting the deductible input VAT of the period, is VAT payable.	6%，9%，10%，11%，13%，16%，17%
Consumption tax	Naught	Naught
Urban maintenance and construction tax	Based on VAT paid and the VAT tax free for the Period	7%，5%
Enterprise income tax	Based on taxable income	10%-33%
Education surcharge and local education surcharge	Based on VAT paid and the VAT tax free for the Period	3%，2%

Notes of the disclosure situation of the taxpaying bodies with different enterprises income tax rate

Name	Income tax rate
BOE Technology Group Co., Ltd.	15%
Beijing BOE Optoelectronics Technology Co., Ltd.	15%
Chengdu BOE Optoelectronics Technology Co., Ltd.	15%
Hefei BOE Optoelectronics Technology Co., Ltd.	15%
Beijing BOE Display Technology Co., Ltd.	15%
Hefei Xinsheng Optoelectronics Technology Co., Ltd.	15%
Erdos Yuansheng Optoelectronics Co., Ltd.	15%
Chongqing BOE Optoelectronics Technology Co., Ltd.	15%
Hefei BOE Display Technology Co., Ltd.	15%
Fuzhou BOE Optoelectronics Technology Co., Ltd.	15%
Mianyang BOE Optoelectronics Technology Co., Ltd.	15%
BOE (Hebei) Mobile Display Technology Co., Ltd.	15%
Beijing BOE Special Display Technology Co., Ltd.	15%
Beijing BOE Energy Technology Co., Ltd.	15%
Beijing BOE Multimedia Technology Co., Ltd.	15%
BOE Optical Science and Technology Co., Ltd.	15%
Beijing BOE Tea Valley Electronic Co., Ltd.	15%
Hefei BOE Display Light Source Co., Ltd.	15%

Chongqing BOE Display Lighting Co., Ltd.	15%
Beijing BOE Semi-conductor Co., Ltd.	15%
Hefei BOE Semi-conductor Co., Ltd.	15%
Beijing BOE Vacuum Electronics Co., Ltd.	15%
Beijing BOE Vacuum Technology Co., Ltd.	15%
Beijing Asahi Electron Material Co., Ltd.	15%
BOE Smart IoT Technology Co., Ltd.	15%
Beijing BOE Sensor Technology Co., Ltd.	15%
Suzhou K-Tronics Co., Ltd.	15%
Beijing BOE Health Technology Co., Ltd.	15%
Chongqing BOE Electronic Technology Co., Ltd.	15%
Chongqing BOE Intelligent Electronic System Co., Ltd.	15%

2. Tax Preference

Company

Policy basis

Authority of Approval, Approval Document No. and Valid Period

Hefei Xinsheng Optoelectronics Technology Co., Ltd.	According to CGS [2013] No. 63—Notice on the Policy of Tax Payment by Installments granted to the 3rd Batch of New FPD Project by Ministry of Finance General Administration of Customs, the significant new FPD project enterprises were allowed to pay corresponding new key imported equipment VAT by installments.	In September 2013, Ministry of Finance and General Administration of Customs jointly issued CS [2013] No.63 Document, the significant new FPD project enterprises were allowed to pay corresponding new key imported equipment VAT by installments, and the document was officially implemented from March 2013 on.
Hefei BOE Display Technology Co., Ltd. Fuzhou BOE Optoelectronics Technology Co., Ltd. Chengdu BOE Optoelectronics Technology Co., Ltd. Mianyang BOE Optoelectronics Technology Co., Ltd.	In June 2016, Ministry of Finance issued [2016] No.30 Document. According to the document, in terms of the new FPD project and new key equipment imported between 1 January 2015 and 31 December 2018. Import VAT could be paid by installments within 6 years (72 consecutive months) after the first device was imported.	In 2016, Ministry of Finance, General Administration of Customs and SAT jointly issued CS [2016] No.30 Notice on various Policies related to VAT Payment by Installments for the Imported Equipment Involved in the New FPD Project. According to the document, in terms of the new FPD project and new key equipment imported between 1 January 2015 and 31 December 2018. Import VAT could be paid by installments within 6 years (72 consecutive months) after the first device was imported.

Fuzhou BOE Optoelectronics Technology Co., Ltd. Wuhan BOE Optoelectronics

In accordance with the provisions of “CGS [2016] No. 62 - Notice of the Ministry of Finance, the General Administration of

In 2016, according to the Notice on the Import Tax Policy concerning Supporting the Development of the New Display Device Industry

Technology Co., Ltd.

Customs and the State Administration of Taxation on the Import Tax Policy concerning Supporting the Development of the New Display Device Industry”, from 1 January 2016 till 31 December 2020, import tariffs are exempted for manufacturers of new display devices to import self-use productive raw materials and consumables that cannot be manufactured domestically; import tariffs and import VATs are exempted for importing the support systems needed by the construction of decontamination chambers that cannot be provided domestically and for importing the parts needed to repair the imported production equipment; in terms of the manufacturers of key raw materials, parts and components in the upstream of the new display device industry, such as color filters and polarizers, which are eligible for the domestic industrial autonomous development and planning, import tariffs are exempted for them to import self-use productive raw materials and consumables that cannot be manufactured domestically.

(CGS[2016]No. 62) issued by the Ministry of Finance, the General Administration of Customs and the State Administration of Taxation, from 1 January 2016 to 31 December 2020, preferential policies of import tariffs and import VATs are offered to manufacturers of new display devices and the upstream raw materials, parts and components in their import of materials and supplies.

3. Others

Naught

VII. Notes on Major Items in Consolidated Financial Statements of the Company

1. Monetary Assets

Unit: RMB

Item	Ending balance	Beginning balance
Cash on hand	717,052.00	538,338.00
Bank deposits	51,599,989,440.00	50,269,207,607.00
Other monetary assets	5,064,230,313.00	6,702,977,294.00
Total	56,664,936,805.00	56,972,723,239.00
Of which: the total amount deposited overseas	6,362,693,607.00	5,864,466,250.00

Total amount of restriction in use by guaranteed, pledged or frozen

5,058,196,779.00

6,702,401,666.00

Other notesIncluding: Total overseas deposits were equivalent to RMB6,362,693,607 (2019: RMB5,864,466,250).As at 30 June 2020, other monetary assets were pledged by the Group amounting to USD154,500,000 for short-term loans, andRMB151,840,291 and USD3,500,000 were pledged for long-term loans. The rest of other restricted monetary assets amount toRMB3,793,829,023, and they are mainly the margin deposits for security deposited in the bank.As at 31 December 2019, other monetary assets were pledged by the Group amounting to USD342,000,000 for short-term loans, andRMB151,840,291 and USD7,500,000 were pledged for long-term loans. The rest of other restricted monetary assets amount toRMB4,112,379,475, and they are mainly the margin deposits for security deposited in the bank.

2. Trading Financial Assets

Unit: RMB

Item	Ending balance	Beginning balance
Financial assets at fair value through profit or loss	1,703,603,212.00	5,809,184,994.00
Of which: Financial products	1,703,603,212.00	5,809,184,994.00
Financial assets designated to be measured at fair value and changes thereof recorded into the current profit or loss	0.00	0.00
total	1,703,603,212.00	5,809,184,994.00

Other notes:

Naught

3. Notes Receivable

(1) Notes Receivable Listed by Category

Unit: RMB

Item	Ending balance	Beginning balance
Bank acceptance bill	168,810,477.00	331,145,492.00
Commercial acceptance bill	0.00	0.00
Total	168,810,477.00	331,145,492.00

Single bad debt provision accrued:

If the bad debt provision for notes receivable was withdrawn in accordance with the general model of expected credit losses,information related to bad debt provision shall be disclosed by reference to the disclosure method of other receivables:

□ Applicable √ Not applicable

(2) Notes Receivable Pledged by the Company at the Period-end

Unit: RMB

Item	Amount
Bank acceptance bill	2,088,512.00
Commercial acceptance bill	0.00
Total	2,088,512.00

(3) Notes Receivable which Had Endorsed by the Company or had Discounted and had not Due on theBalance Sheet Date at the Period-end

Unit: RMB

Item	Amount of recognition termination at the period-end	Amount of not terminated recognition at the period-end
Bank acceptance bill	6,035,542.00	11,669,742.00
Commercial acceptance bill	0.00	0.00
Total	6,035,542.00	11,669,742.00

(4) Notes Transferred to Accounts Receivable because Drawer of the Notes Failed to Execute the Contractor Agreement

Unit: RMB

Item	Amount of the notes transferred to accounts receivable at the period-end
Commercial acceptance bill	0.00
Total	0.00

Other notesNaught

(5) Notes Receivable with Actual Verification for the Reporting Period

Unit: RMB

Item	Amount
Naught

Of which, verification of significant notes receivable:

Unit: RMB

Name of the entity	Nature	Amount	Reason	Procedure	Whether occurred because of related-party transactions
Naught

Notes of the verification of notes receivable:

Naught

4. Accounts Receivable

(1) Accounts Receivable Classified by Category

Unit: RMB

Category	Ending balance					Beginning balance
	Carrying amount		Bad debt provision		Carrying value	Carrying amount		Bad debt provision		Carrying value
	Amount	Proportion	Amount	Withdrawal proportion		Amount	Proportion	Amount	Withdrawal proportion
Accounts receivable with single bad debt provision accrued	1,754,967,723.00	6.90%	342,715,440.00	19.53%	1,412,252,283.00	1,732,783,237.00	9.00%	334,458,171.00	19.30%	1,398,325,066.00
Of which:
Accounts receivable with bad debt provision withdrawn according to groups	23,687,906,749.00	93.10%	10,141,986.00	0.04%	23,677,764,763.00	16,786,193,711.00	91.00%	13,547,127.00	0.08%	16,772,646,584.00
Of which:
Total	25,442,874,472.00	100.00%	352,857,426.00	1.39%	25,090,017,046.00	18,518,976,948.00	100.00%	348,005,298.00	1.88%	18,170,971,650.00

Single bad debt provision accrued:

Unit: RMB

Name	Ending balance
	Carrying amount	Bad debt provision	Withdrawal proportion	Withdrawal reason
Naught
Total			--	--

Bad debt provision withdrawn according to groups:

Unit: RMB

Name	Ending balance
	Carrying amount	Bad debt provision	Withdrawal proportion
Credit risks characteristics	25,442,874,472.00	352,857,426.00	1.39%
Total	25,442,874,472.00	352,857,426.00	--

Notes of the basis for recognizing the group:

NaughtIf the bad debt provision for accounts receivable was withdrawn in accordance with the general model of expected credit losses,information related to bad debt provision shall be disclosed by reference to the disclosure method of other receivables:

√ Applicable □ Not applicable

?	?	2020
?	?	Carrying amount			?	Bad debt provision			?	?
Category	?	Amount	?	Proportion (%)	?	Amount	?	Proportion (%)	?	Carrying value
Bad debt provision separately accrued	?	?	?	?	?	?	?	?	?	?
-Customer with high credit risks	?	356,648,923	?	1.40%	?	342,676,706	?	96.08%	?	13,972,217
-Customer with low credit risks	?	1,398,318,800	?	5.50%	?	38,734	?	0.003%	?	1,398,280,066
Bad debt provision accrued by group	?	?	?	?	?	?	?	?	?	?
-Customer with medium credit risks	?	23,687,906,749	?	93.10%	?	10,141,986	?	0.04%	?	23,677,764,763
Total	?	25,442,874,472	?	100.00%	?	352,857,426	?	1.39%	?	25,090,017,046

Disclosure by aging

Unit: RMB

Aging	Carrying amount
Within 1 year (including 1 year)	24,775,373,978.00

1 to 2 years	255,076,606.00
2 to 3 years	70,879,897.00
Over 3 years	341,543,991.00
Total	25,442,874,472.00

(2) Bad Debt Provision Withdrawn, Reversed or Recovered in the Reporting PeriodInformation of bad debt provision withdrawn:

Unit: RMB

Category	Beginning balance	Changes in the Reporting Period				Ending balance
		Withdrawal	Reversal or recovery	Verification	Other
Bad debt provision for accounts receivable	348,005,298.00	4,798,553.00	6,407,534.00	0.00	6,461,109.00	352,857,426.00
Total	348,005,298.00	4,798,553.00	6,407,534.00	0.00	6,461,109.00	352,857,426.00

Of which bad debt provision reversed or recovered with significant amount in the Reporting Period:

Unit: RMB

Entity name	Amount	Method
Naught

(3) Accounts Receivable with Actual Verification for the Reporting Period

Unit: RMB

Item	Verified amount
Naught

Of which the verification of significant accounts receivable:

Unit: RMB

Name of the entity	Nature of the accounts receivable	Verified amount	Reason for verification	Verification procedures performed	Arising from related-party transactions or not
Naught

Notes:There is no significant bad debt provision of previous years withdrawn in full or at a large proportion for the Company toactually verify or collect in the Reporting Period.

(4) Top 5 of the Ending Balance of the Accounts Receivable Collected according to the Arrears Party

The total amount of the accounts receivable of the top 5 of the Group at the period-end was of RMB13,913,034,127.00 that covered

54.69% of the total amount of the ending balance of the accounts receivable at the period-end.

(5) Derecogniziton of Accounts Receivable due to the Transfer of Financial AssetsNaught

(6) The Amount of the Assets and Liabilities Formed due to the Transfer and the Continued Involvement ofAccounts ReceivableNaughtOther notes:

Naught

5. Prepayments

(1) List by Aging Analysis

Unit: RMB

Aging	Ending balance		Beginning balance
	Amount	Proportion	Amount	Proportion
Within 1 year	477,548,895.00	77.07%	459,763,565.00	73.33%
1 to 2 years	102,034,474.00	16.46%	148,351,079.00	23.66%
2 to 3 years	36,290,747.00	5.86%	17,719,439.00	2.83%
Over 3 years	3,786,093.00	0.61%	1,151,623.00	0.18%
Total	619,660,209.00	--	626,985,706.00	--

Notes of the reasons of the prepayment aging over 1 year with significant amount but failed settled in time:

The Group has no such over-1-year-old prepayments with a substantial amount that were not settled in time.

(2) Top 5 of the Ending Balance of the Prepayments Collected according to the Prepayment TargetThe total amount of the prepayment of the top 5 of the Group at the period-end was of RMB327,872,832.00 that covered 52.91% ofthe total amount of the ending balance of the prepayment at the period-end.Other notes: naught

6. Other Receivables

Unit: RMB

Item	Ending balance	Beginning balance
Interest receivable	261,751,688.00	215,977,831.00
Dividends receivable	1,842,137.00	0.00
Other receivables	659,140,601.00	490,193,281.00

Total

922,734,426.00

706,171,112.00

(1) Interest Receivable

1) Category of Interest Receivable

Unit: RMB

Item	Ending balance	Beginning balance
Fixed time deposit	261,751,688.00	215,977,831.00
Entrusted loans	0.00	0.00
Bond investment	0.00	0.00
Total	261,751,688.00	215,977,831.00

2) Significant Overdue Interest

Unit: RMB

Entity	Ending balance	Overdue time	Overdue reason	Whether occurred impairment and the judgment basis
Naught

Other notes: Naught

(2) Dividends Receivable

1) Dividends Receivable

Unit: RMB

Item (or investees)	Ending balance	Beginning balance
Beijing Electronics Zone Co., Ltd.	1,842,137.00	0.00
Total	1,842,137.00	0.00

2) Significant Dividends Receivable Aged over 1 Year

Unit: RMB

Item (or investees)	Ending balance	Aging	Reason	Whether occurred impairment and the judgment basis
Naught

(3) Other Receivables

1) Other Receivables Classified by Account Nature

Unit: RMB

Nature	Ending carrying amount	Beginning carrying amount
VAT refunds and export tax rebate	1,965,614.00	10,648,330.00
Accounts receivable for equity transfer	200,000,000.00	200,000,000.00
Cash deposit and cash pledge	350,668,924.00	178,899,557.00
Other	115,044,195.00	109,281,505.00
Total	667,678,733.00	498,829,392.00

2) Withdrawal of Bad Debt Provision

Unit: RMB

Bad debt provision	Phase I	Phase II	Phase III	Total
	Expected credit losses in the next 12 months	Expected credit losses for the whole existence period (no credit impairment)	Expected credit losses for the whole existence period (with credit impairment)
Balance on 1 January 2020	0.00	0.00	8,636,111.00	8,636,111.00
Balance of 1 January 2020 in the Reporting Period	——	——	——	——
--Transferred to the Phase II	0.00	0.00	0.00	0.00
--Transferred to the Phase III	0.00	0.00	0.00	0.00
--Reversed to the Phase II	0.00	0.00	0.00	0.00
--Reversed to the Phase I	0.00	0.00	0.00	0.00
Withdrawn in the Current Period	0.00	0.00	63,724.00	63,724.00
Reversed in the Current Period	0.00	0.00	59,139.00	59,139.00
write-off in the Current Period	0.00	0.00	0.00	0.00
Verified in the Current Period	0.00	0.00	102,564.00	102,564.00
Other changes	0.00	0.00	0.00	0.00
Balance on 30 June 2020	0.00	0.00	8,538,132.00	8,538,132.00

Changes in carrying amount of provision for loss with significant changes in amount in the Reporting Period

□hanges in carrNot applicable

Disclosed by aging

Unit: RMB

Aging	Ending balance
Within 1 year (including 1 year)	358,422,536.00
1 to 2 years	23,432,974.00
2 to 3 years	56,706,832.00
Over 3 years	229,116,391.00
Total	667,678,733.00

3) Bad Debt Provision Withdrawn, Reversed or Recovered in the Reporting PeriodInformation of withdrawal of bad debt provision:

Unit: RMB

Category	Beginning balance	Changes in the Reporting Period				Ending balance
		Withdrawal	Reversal or recovery	Write-off	Other
Individual assessment	340,512.00	63,724.00	59,139.00	102,564.00	8,295,599.00	8,538,132.00
Total	340,512.00	63,724.00	59,139.00	102,564.00	8,295,599.00	8,538,132.00

Of which, the bad debt provision reversed or collected with significant amount in the Reporting Period:

Unit: RMB

Entity name	Amount	Method
Naught

4) Other Receivables with Actual Verification in the Reporting Period

Unit: RMB

Item	Amount verified
Customer 1	102,564.00

Of which, the verification of significant other receivables:

Unit: RMB

Name of the entity	Nature	Amount verified	Reason for verification	Procedure	Whether occurred because of related-party transactions
Naught

Notes of verification of other receivables:

None

5) Top 5 of the Ending Balance of the Other Receivables Collected according to the Arrears PartyThe total Top 5 of the ending balance of the other receivables of the Group is RMB459,149,516.00 which are mainly accounts

receivable for equity transfer and cash deposits.

6) Accounts Receivable Involving Government Grants

Unit: RMB

Name of the entity	Project of government grants	Ending balance	Aging at period-end	Estimated recovering time, amount and basis
Naught

7) Derecogniziton of Other Receivables due to the Transfer of Financial AssetsNaught

8) The Amount of the Assets and Liabilities Formed due to the Transfer and the Continued Involvement ofOther ReceivablesNaughtOther notes:

Naught

7. Inventories

Whether the Company shall comply with the disclosure requirements for real estate industryNo

(1) Category of Inventories

Unit: RMB

Item	Ending balance			Beginning balance
	Carrying amount	Falling price reserves or impairment provision for contract performance costs	Carrying value	Carrying amount	Falling price reserves or impairment provision for contract performance costs	Carrying value
Raw materials	7,641,490,217.00	473,888,242.00	7,167,601,975.00	4,663,835,151.00	288,351,560.00	4,375,483,591.00
Goods in process	2,444,846,416.00	410,842,990.00	2,034,003,426.00	1,750,768,537.00	372,043,796.00	1,378,724,741.00
Inventory goods	8,874,888,083.00	1,479,592,259.00	7,395,295,824.00	7,671,273,928.00	1,152,223,633.00	6,519,050,295.00
Turnover materials	136,138,154.00	0.00	136,138,154.00	122,936,135.00	0.00	122,936,135.00

Consumptive living assets	0.00	0.00	0.00	0.00	0.00	0.00
Contract performance costs	69,953,060.00	0.00	69,953,060.00	0.00	0.00	0.00
Goods in transit	0.00	0.00	0.00	0.00	0.00	0.00
Total	19,167,315,930.00	2,364,323,491.00	16,802,992,439.00	14,208,813,751.00	1,812,618,989.00	12,396,194,762.00

(2) Falling Price Reserves of Inventories and Impairment Provision for Contract Performance Costs

Unit: RMB

Item	Beginning balance	Increase		Decrease		Ending balance
		Withdrawal	Other	Reverse or write-off	Other
Raw materials	288,351,560.00	268,724,555.00	0.00	83,187,873.00	0.00	473,888,242.00
Goods in process	372,043,796.00	175,280,207.00	0.00	136,481,013.00	0.00	410,842,990.00
Inventory goods	1,152,223,633.00	1,772,583,668.00	0.00	1,445,215,042.00	0.00	1,479,592,259.00
Turnover materials	0.00	0.00	0.00	0.00	0.00	0.00
Consumptive living assets	0.00	0.00	0.00	0.00	0.00	0.00
Contract performance costs	0.00	0.00	0.00	0.00	0.00	0.00
Total	1,812,618,989.00	2,216,588,430.00	0.00	1,664,883,928.00	0.00	2,364,323,491.00

Naught

(3) Notes to the Ending Balance of Inventories Including Capitalized Borrowing ExpenseNaught

(4) Amount of Contract Performance Costs Amortized in the Reporting Period

Naught

8. Held-for-sale Assets

Unit: RMB

Item	Carrying amount	Fair value
Fixed assets	156,931,978.00	328,796,100.00
Intangible assets	29,230,086.00	55,251,000.00
Total	186,162,064.00	384,047,100.00

Other notes:

In March 2018, Suzhou K-Tronics entered into the Recovery Agreement of Land and Properties with Management Committee ofWujiang Economic and Technological Development Zone to sell properties and other attachments located in Wujiang Economic andTechnological Development Zone. Suzhou K-Tronics and the Management Committee of Wujiang Economic and TechnologicalDevelopment Zone agreed that the recovery price of the subject matter is RMB384,047,100, which is determined according to theevaluation report. The expected selling period is 2020 and the agreement has been approved by the resolution of the Board of Directorsof the Group. The above non-current assets proposed for sale is presented as a non-current asset held for sale in the financial statements.

9. Current Portion of Non-current Assets

Unit: RMB

Item	Ending balance	Beginning balance
Current portion of investments in debt obligations	0.00	0.00
Current portion of other investments in debt obligations	0.00	0.00
Total	0.00	0.00

Significant investments in debt obligations /other investments in debt obligations

Unit: RMB

Item	Ending balance				Beginning balance
	Par value	Coupon rate	Actual interest rate	Maturity date	Par value	Coupon rate	Actual interest rate	Maturity date
Naught

Other notes:

Naught

10. Other Current Assets

Unit: RMB

Item	Ending balance	Beginning balance
Contract acquisition cost	0.00	0.00
Cost receivable for returning products	199,858,962.00	34,255,052.00
VAT on tax credits	6,202,813,416.00	5,979,120,265.00
Input tax to be verified and deducted	1,747,086,211.00	1,984,055,118.00
Advance payment of income tax	40,284,429.00	45,154,225.00
Financial products	532,086,605.00	1,162,273,445.00
Other	127,926,607.00	126,034,014.00
Total	8,850,056,230.00	9,330,892,119.00

Other notes:

Naught

11. Long-term Equity Investment

Unit: RMB

Investees	Beginning balance (carrying value)	Increase/decrease								Ending balance (carrying value)	Ending balance of depreciation reserve
		Additional investment	Reduced investment	Gains and losses recognized under the equity method	Adjustment of other comprehensive income	Changes of other equity	Cash bonus or profits announced to issue	Withdrawal of impairment provision	Other
I. Joint ventures
Naught
Subtotal	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
II. Associated enterprises
Beijing Nissin Electronics Precision Component Co., Ltd.	483,248.00	0.00	0.00	-483,248.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Beijing Nittan Electronics Co., Ltd.	64,808,755.00	0.00	0.00	1,373,946.00	0.00	0.00	0.00	0.00	0.00	66,182,701.00	0.00
Beijing Yingfei Hailin Venture Capital Management Co., Ltd.	663,215.00	0.00	0.00	-259,201.00	0.00	0.00	0.00	0.00	0.00	404,014.00	0.00
Ordos BOE Energy Investment Co., Ltd. (BOE Energy Investment)	907,348,226.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	907,348,226.00	777,858,312.00
Beijing Fly Hailin Investment Center	74,384,952.00	0.00	0.00	-3,926,997.00	5,702,456.00	-877,087.00	0.00	0.00	0.00	75,283,324.00	0.00

TPV Display Technology (China) Co., Ltd.	24,545,664.00	0.00	0.00	1,441,187.00	0.00	0.00	0.00	0.00	0.00	25,986,851.00	0.00
Beijing Xindong Neng Investment Fund (limited partnership)	1,944,514,849.00	0.00	2,871,711.00	-5,738,396.00	192,703,992.00	0.00	0.00	0.00	0.00	2,128,608,734.00	0.00
Beijing Xindong Neng Investment Management Co., Ltd.	7,410,061.00	0.00	0.00	804,053.00	0.00	0.00	-2,000,000.00	0.00	0.00	6,214,114.00	0.00
Shenzhen Yunyinggu Technology Co., Ltd.	12,715,084.00	0.00	0.00	-2,156,195.00	0.00	546,330.00	0.00	0.00	0.00	11,105,219.00	0.00
Beijing XLOONG Technology Co., Ltd.	22,237,044.00	0.00	0.00	-2,237,770.00	0.00	0.00	0.00	0.00	0.00	19,999,274.00	0.00
New On Technology Co.Ltd.	2,727,606.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	62,511.00	2,790,117.00	0.00
Cnoga Medical Ltd.	307,506,903.00	0.00	0.00	-13,600,517.00	0.00	-6,697,004.00	0.00	0.00	4,461,534.00	291,670,916.00	0.00
Hefei Xin Jing Yuan Electronic Materials Co., Ltd.	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Beijing Zhonglianhe Ultra HD Collaborative Technology Center Co., Ltd.	2,715,260.00	0.00	0.00	-808,498.00	0.00	0.00	0.00	0.00	0.00	1,906,762.00	0.00
Tianjin Xianzhilian Investment Management Center (Limited Partnership)	0.00	4,500,000.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	4,500,000.00	0.00

Tianjin Xianzhilian Investment Center (Limited Partnership)	0.00	156,000,000.00	0.00	-1,469,354.00	0.00	0.00	0.00	0.00	0.00	154,530,646.00	0.00
Beijing Innovation Industry Investment Co., Ltd.	100,363,345.00	100,000,000.00	0.00	465,947.00	0.00	0.00	0.00	0.00	0.00	200,829,292.00	0.00
Beijing Electronic Control Investment Co., Ltd.	16,841,609.00	83,000,000.00	0.00	-317,725.00	0.00	0.00	0.00	0.00	0.00	99,523,884.00	0.00
BOE Houji Technology (Beijing) Co., Ltd.	0.00	1,200,000.00	0.00	-113,652.00	0.00	0.00	0.00	0.00	0.00	1,086,348.00	0.00
Shenzhen Jiangcheng Technology Co., Ltd.	6,630,425.00	0.00	0.00	-621,742.00	0.00	0.00	0.00	0.00	115,857.00	6,124,540.00	0.00
Subtotal	3,495,896,246.00	344,700,000.00	2,871,711.00	-27,648,162.00	198,406,448.00	-7,027,761.00	-2,000,000.00	0.00	4,639,902.00	4,004,094,962.00	777,858,312.00
Total	3,495,896,246.00	344,700,000.00	2,871,711.00	-27,648,162.00	198,406,448.00	-7,027,761.00	-2,000,000.00	0.00	4,639,902.00	4,004,094,962.00	777,858,312.00

Other notes: naught

12. Other Equity Instrument Investment

Unit: RMB

Item	Ending balance	Beginning balance
Beijing Electronics Zone High-Tech Group Co., Ltd.	82,071,322.00	72,585,692.00
Beijing Digital TV National Engineering Laboratory Co., Ltd.	6,250,000.00	6,250,000.00
Bank of Chongqing	89,297,515.00	105,407,103.00
China Securities	0.00	68,545,920.00
New Century Medical Treatment	28,400,539.00	53,586,259.00
Teralane Semiconductor Inc	0.00	0.00
Zhejiang BOE Display Technology Co., Ltd.	321,256.00	321,256.00
Zhejiang Qiusheng Optoelectronics Technology Co., Ltd.	248,776.00	248,776.00
Meta Company	0.00	0.00
Danhua Capital, L.P.	26,548,125.00	26,160,750.00
Danhua Capital II, L.P.	65,485,375.00	64,529,850.00
Kateeva Inc.	84,564,628.00	83,330,709.00
DEPICT INC.	0.00	0.00
MOOV INC.	28,435,198.00	28,020,288.00
ZGLUE INC.	10,619,238.00	10,464,288.00
Nanosys INC	53,096,250.00	52,321,500.00
Ceribell INC	9,203,342.00	9,069,052.00
Baebies INC	31,105,107.00	30,651,239.00
Illumina Fund I,L.P.	19,801,671.00	17,181,203.00
ACQIS Technology, Inc.	1,415,900.00	1,395,242.00
KA IMAGING INC.	2,037,243.00	2,007,520.00
Beijing Orient Electronic Industry Co., Ltd.	0.00	0.00
Total	538,901,485.00	632,076,647.00

Disclosure of Non-trading Equity Instrument Investment

Unit: RMB

Item	Dividend income recognized	Accumulative gains	Accumulative losses	Amount of other compressive income transferred to retained earnings	Reason for assigning to measure at fair value and changes recorded into other comprehensive income	Reason of other comprehensive income transferred to retained earnings
Naught

Other notes: naught

13. Investment Property

(1) Investment Property Adopted the Cost Measurement Mode

√ Applicable □ Not applicable

Unit: RMB

Item	Houses and buildings	Land use right	Construction in progress	Total
I. Original carrying value
1. Beginning balance	1,015,816,127.00	687,434,677.00	0.00	1,703,250,804.00
2.Increased amount of the period	0.00	0.00	0.00	0.00
(1) Outsourcing	0.00	0.00	0.00	0.00
(2)Transfer from inventory/fixed assets/construction in progress	0.00	0.00	0.00	0.00
(3)Enterprise combination increase	0.00	0.00	0.00	0.00
3. Decreased amount of the period	0.00	0.00	0.00	0.00
(1) Disposal	0.00	0.00	0.00	0.00
(2) Other transfer	0.00	0.00	0.00	0.00
4. Ending balance	1,015,816,127.00	687,434,677.00	0.00	1,703,250,804.00
II. Accumulative depreciation and accumulative amortization
1. Beginning balance	321,235,551.00	140,772,403.00	0.00	462,007,954.00
2. Increased amount of the period	15,906,337.00	6,811,350.00	0.00	22,717,687.00
(1)Withdrawal or amortization	15,906,337.00	6,811,350.00	0.00	22,717,687.00
3. Decreased amount of the period	0.00	0.00	0.00	0.00

(1) Disposal	0.00	0.00	0.00	0.00
(2) Other transfer	0.00	0.00	0.00	0.00
4. Ending balance	337,141,888.00	147,583,753.00	0.00	484,725,641.00
III. Depreciation reserves	0.00	0.00	0.00	0.00
1. Beginning balance	0.00	0.00	0.00	0.00
2.Increased amount of the period	0.00	0.00	0.00	0.00
(1) Withdrawal	0.00	0.00	0.00	0.00
3. Decreased amount of the period
(1) Disposal	0.00	0.00	0.00	0.00
(2) Other transfer	0.00	0.00	0.00	0.00
4. Ending balance	0.00	0.00	0.00	0.00
IV. Carrying value
1. Ending carrying value	678,674,239.00	539,850,924.00	0.00	1,218,525,163.00
2.Beginningcarrying value	694,580,576.00	546,662,274.00	0.00	1,241,242,850.00

(2) Investment Property Adopted the Fair Value Measurement Mode

□Applicable √Not applicable

(3) Investment Property with Certificate of Title Uncompleted

Unit: RMB

Item	Carrying value	Reason
None

Other notes:

None

14. Fixed Assets

Unit: RMB

Item	Ending balance	Beginning balance
Fixed assets	129,357,821,228.00	125,786,241,938.00
Disposal of fixed assets	0.00	0.00
Total	129,357,821,228.00	125,786,241,938.00

(1) List of Fixed Assets

Unit: RMB

Item	Houses and buildings	Equipment	Other	Total
I. Original carrying value
1. Beginning balance	39,066,346,904.00	164,514,903,439.00	5,055,062,392.00	208,636,312,735.00
2. Increased amount of the period	963,174,335.00	11,906,005,297.00	620,769,714.00	13,489,949,346.00
(1) Purchase	1,252,298.00	513,619,445.00	419,168,230.00	934,039,973.00
(2)Transfer from construction in progress	961,192,394.00	11,376,443,422.00	197,375,170.00	12,535,010,986.00
(3)Enterprise combination increase	0.00	0.00	0.00	0.00
(4) Differences arising from translation of foreign currency-denominated financial statements	729,643.00	15,942,430.00	4,226,314.00	20,898,387.00
3. Decreased amount of the period	1,131,468.00	202,976,065.00	51,037,134.00	255,144,667.00
(1) Disposal or scrap	1,131,468.00	202,976,065.00	51,037,134.00	255,144,667.00
4. Ending balance	40,028,389,771.00	176,217,932,671.00	5,624,794,972.00	221,871,117,414.00
II. Accumulative depreciation
1. Beginning balance	5,124,055,712.00	74,655,780,434.00	2,278,538,681.00	82,058,374,827.00
2. Increased amount of the period	521,690,486.00	8,785,563,500.00	555,926,724.00	9,863,180,710.00
(1) Withdrawal	521,315,989.00	8,774,896,815.00	554,224,666.00	9,850,437,470.00
(2) Differences arising from translation of foreign currency-denominated financial statements	374,497.00	10,666,685.00	1,702,058.00	12,743,240.00
3. Decreased amount of the period	289,232.00	164,928,359.00	39,752,352.00	204,969,943.00
(1) Disposal or scrap	289,232.00	164,928,359.00	39,752,352.00	204,969,943.00
4. Ending balance	5,645,456,966.00	83,276,415,575.00	2,794,713,053.00	91,716,585,594.00
III. Depreciation reserves
1. Beginning balance	1,073,381.00	784,836,694.00	5,785,895.00	791,695,970.00
2. Increased amount of the period	0.00	8,990,573.00	702,350.00	9,692,923.00
(1) Withdrawal	0.00	8,990,573.00	702,350.00	9,692,923.00
3. Decreased amount of the period	0.00	4,651,720.00	26,581.00	4,678,301.00
(1) Disposal or scrap	0.00	4,651,720.00	26,581.00	4,678,301.00
4. Ending balance	1,073,381.00	789,175,547.00	6,461,664.00	796,710,592.00

IV. Carrying value
1. Ending carrying value	34,381,859,424.00	92,152,341,549.00	2,823,620,255.00	129,357,821,228.00
2. Beginning carrying value	33,941,217,811.00	89,074,286,311.00	2,770,737,816.00	125,786,241,938.00

(2) Temporarily Idle Fixed Assets

Unit: RMB

Item	Original carrying value	Accumulated depreciation	Provisions for impairment	Carrying value	Note
None

(3) Fixed Assets Leased in by Financing Lease

Unit: RMB

Item	Original carrying value	Accumulated depreciation	Provisions for impairment	Carrying value
Workshops and buildings	11,291,665.00	4,737,538.00	0.00	6,554,127.00
Machinery equipment	111,358,145.00	13,817,237.00	0.00	97,540,908.00

(4) Fixed Assets Leased out by Operating Lease

Unit: RMB

Item	Ending carrying value
Fixed assets leased out by operating lease	61,056,363.00

(5) List of Fixed Assets with Certificate of Title Uncompleted

Other notesOn 30 June 2020, the carrying value of fixed assets with certificate of title uncompleted totaled RMB8,977,626,612, and thecertificate of title was in process.

15. Construction in Progress

Unit: RMB

Item	Ending balance	Beginning balance
Construction in progress	87,865,177,206.00	87,376,782,527.00
Engineering materials	0.00	0.00
Total	87,865,177,206.00	87,376,782,527.00

(1) List of Construction in Progress

Unit: RMB

Item	Ending balance			Beginning balance
	Carrying amount	Depreciation reserves	Carrying value	Carrying amount	Depreciation reserves	Carrying value
The 6th generation AMOLED project-Mianyang	38,220,935,961.00	0.00	38,220,935,961.00	34,753,609,842.00	0.00	34,753,609,842.00
The 10.5th generation TFT-LCD project-Wuhan	28,315,337,950.00	0.00	28,315,337,950.00	24,749,508,699.00	0.00	24,749,508,699.00
The 6th generation LTPS / AMOLED project-Chengdu	11,516,569,335.00	0.00	11,516,569,335.00	19,490,899,526.00	0.00	19,490,899,526.00
Other	9,812,333,960.00	0.00	9,812,333,960.00	8,382,764,460.00	0.00	8,382,764,460.00
Total	87,865,177,206.00	0.00	87,865,177,206.00	87,376,782,527.00	0.00	87,376,782,527.00

(2) Changes in Significant Construction in Progress during the Reporting Period

Unit: RMB

Item	Budget	Beginning balance	Increased amount	Transfer in intangible assets	Other decreased amount	Ending balance	Proportion of accumulated investment in constructions to budget	Job schedule	Accumulated amount of interest capitalization	Of which: Amount of capitalized interests for the Reporting Period	Capitalization rate of interests for the Reporting Period	Capital resources
The 6th generation AMOLED project-Mianyang	46,500,000,000.00	34,753,609,842.00	3,524,959,352.00	57,633,233.00	0.00	38,220,935,961.00	84.88%	84.88%	961,829,123.00	348,697,094.00	4.34%	Self-raising and borrowing

The 10.5th generation TFT-LCD project-Wuhan	46,000,000,000.00	24,749,508,699.00	3,616,219,150.00	50,008,879.00	381,020.00	28,315,337,950.00	64.09%	64.09%	284,675,108.00	191,081,082.00	4.08%	Self-raising and borrowing
The 6th generation LTPS / AMOLED project-Chengdu	46,500,000,000.00	19,490,899,526.00	2,274,975,149.00	10,240,260,843.00	9,044,497.00	11,516,569,335.00	87.43%	87.43%	522,498,793.00	196,821,144.00	4.58%	Self-raising and borrowing
Total	139,000,000,000.00	78,994,018,067.00	9,416,153,651.00	10,347,902,955.00	9,425,517.00	78,052,843,246.00	--	--	1,769,003,024.00	736,599,320.00	0.00%	--

(3) Provisions for Impairment of Construction in Progress during the Reporting Period

Unit: RMB

Item	Withdrawal amount	Reason for withdrawal
None

Other notes: None

(4) Engineering Materials

Unit: RMB

Item	Ending balance			Beginning balance
	Carrying amount	Depreciation reserves	Carrying value	Carrying amount	Depreciation reserves	Carrying value
None
Total			0.00			0.00

Other notes:

None

16. Intangible Assets

(1) List of Intangible Assets

Unit: RMB

Item	Land use right	Patent right	Non-patent technologies	Patent right and proprietary technology	Computer software
I. Original carrying value
1. Beginning balance	4,091,243,669.00	3,718,555,116.00	1,042,610,560.00	1,305,739,329.00	10,158,148,674.00
2. Increased amount of the period	8,407,216.00	8,674,216.00	60,386,958.00	286,325,953.00	363,794,343.00
(1) Purchase	8,407,216.00	8,674,216.00	12,433,420.00	552,655.00	30,067,507.00
(2) Internal R&D	0.00	0.00	0.00	0.00	0.00
(3) Business combination increase	0.00	0.00	0.00	0.00	0.00
(4) Transfer from construction in progress	0.00	0.00	47,953,538.00	0.00	47,953,538.00
(5) Investment of non-controlling interests	0.00	0.00	0.00	285,773,298.00	285,773,298.00
3. Decreased amount of the	0.00	24,492.00	550,136.00	0.00	574,628.00

period
(1) Disposal	0.00	24,492.00	550,136.00	0.00	574,628.00
4. Ending balance	4,099,650,885.00	3,727,204,840.00	1,102,447,382.00	1,592,065,282.00	10,521,368,389.00
II. Accumulated amortization
1. Beginning balance	303,706,213.00	1,601,698,094.00	652,198,832.00	184,128,706.00	2,741,731,845.00
2. Increased amount of the period	49,433,002.00	150,778,556.00	69,556,115.00	41,191,386.00	310,959,059.00
(1) Withdrawal	49,433,002.00	150,778,556.00	69,556,115.00	41,191,386.00	310,959,059.00
3. Decreased amount of the period	0.00	2,041.00	547,894.00	0.00	549,935.00
(1) Disposal	0.00	2,041.00	547,894.00	0.00	549,935.00
4. Ending balance	353,139,215.00	1,752,474,609.00	721,207,053.00	225,320,092.00	3,052,140,969.00
III. Depreciation reserves
1. Beginning balance	0.00	0.00	0.00	0.00	0.00
2. Increased amount of the period	0.00	0.00	0.00	0.00	0.00
(1) Withdrawal	0.00	0.00	0.00	0.00	0.00
3. Decreased amount of the period	0.00	0.00	0.00	0.00	0.00
(1) Disposal	0.00	0.00	0.00	0.00	0.00
4. Ending balance	0.00	0.00	0.00	0.00	0.00
IV. Carrying value
1. Ending carrying value	3,746,511,670.00	1,974,730,231.00	381,240,329.00	1,366,745,190.00	7,469,227,420.00
2. Beginning carrying value	3,787,537,456.00	2,116,857,022.00	390,411,728.00	1,121,610,623.00	7,416,416,829.00

The proportion of intangible assets generated from the internal R&D of the Company to the balance of intangible assets at theperiod-end: 0.00%.

(2) Land Use Right with Certificate of Title Uncompleted

On 30 June 2020, the carrying value of land use right with certificate of title uncompleted totaled RMB127,115,960.00.

17. Goodwill

(1) Original Carrying Value of Goodwill

Unit: RMB

Name of the invested units or events generating goodwill	Beginning balance	Increase	Decrease	Ending balance
		Formed by business combination	Disposal
Beijing Yinghe Century Co., Ltd.	42,940,434.00	0.00	0.00	42,940,434.00
Gaochuang (Suzhou) Electronics Co., Ltd.	8,562,464.00	0.00	0.00	8,562,464.00
Beijing BOE Optoelectronics Technology Co., Ltd.	4,423,876.00	0.00	0.00	4,423,876.00
BOE Healthcare Investment & Management Co., Ltd.	146,460,790.00	0.00	0.00	146,460,790.00
SES Imagotag SA Co. Ltd.	706,406,821.00	0.00	0.00	706,406,821.00
Total	908,794,385.00	0.00	0.00	908,794,385.00

(2) Provisions for Impairment of Goodwill

Unit: RMB

Name of the invested units or events generating goodwill	Beginning balance	Increase	Decrease	Ending balance
		Withdrawal	Disposal
Beijing BOE Optoelectronics Technology Co., Ltd.	4,423,876.00	0.00	0.00	4,423,876.00
SES Imagotag SA Co. Ltd.	196,766,653.00	0.00	0.00	196,766,653.00
Total	201,190,529.00	0.00	0.00	201,190,529.00

Information of assets group or the combination of assets group where goodwill is: NoneNotes of the testing process of goodwill impairment, key parameters(growth rate of predictive period in estimating he present valueof future cash flow, grow rate of stable period, profit rate, discount rate, predictive period, etc.) and the recognition method ofgoodwill impairment losses: NoneThe influence of testing goodwill: NoneOther notes: None

18. Long-term Prepaid Expense

Unit: RMB

Item	Beginning balance	Increased amount	Amortization amount of the period	Other decreased amount	Ending balance
Cost of operating lease assets improvement	28,066,255.00	2,710,541.00	11,585,778.00	0.00	19,191,018.00
Cost of construction and use of public facilities	82,702,566.00	0.00	7,685,112.00	0.00	75,017,454.00

Other	234,655,588.00	44,575,851.00	43,546,999.00	11,791,156.00	223,893,284.00
Total	345,424,409.00	47,286,392.00	62,817,889.00	11,791,156.00	318,101,756.00

Other notes: None

19. Deferred Income Tax Assets/Deferred Income Tax Liabilities

(1) Deferred Income Tax Assets Had Not Been Off-set

Unit: RMB

Item	Ending balance		Beginning balance
	Deductible temporary difference	Deferred income tax assets	Deductible temporary difference	Deferred income tax assets
Provision for impairment of assets	94,952,293.00	23,578,843.00	131,848,265.00	29,587,380.00
Internal unrealized profit	0.00	0.00	0.00	0.00
Deductable losses	368,547,089.00	113,259,552.00	361,764,556.00	111,182,956.00
Changes in fair value of other equity instrument investment	0.00	0.00	135,444,338.00	20,316,651.00
Depreciation of fixed assets	34,957,959.00	8,726,622.00	147,798,525.00	25,764,520.00
Evaluation increment of investment in subsidiaries with immovable property	133,780,030.00	33,445,009.00	136,556,956.00	34,139,239.00
Other	544,846,912.00	98,999,178.00	214,882,405.00	40,237,079.00
Total	1,177,084,283.00	278,009,204.00	1,128,295,045.00	261,227,825.00

(2) Deferred Income Tax Liabilities Had Not Been Off-set

Unit: RMB

Item	Ending balance		Beginning balance
	Taxable temporary difference	Deferred income tax liabilities	Taxable temporary difference	Deferred income tax liabilities
Asset evaluation increment of business combination not under the same control	2,482,244,957.00	740,851,602.00	2,594,143,798.00	772,597,483.00
Changes in fair value of investment in other debt obligations	0.00	0.00	0.00	0.00
Changes in fair value of other equity instrument investment	35,395,700.00	5,309,355.00	0.00	0.00

Depreciation of fixed assets	4,566,329,383.00	701,746,638.00	4,178,779,443.00	643,417,497.00
Long-term equity investment	120,141,687.00	18,021,253.00	120,141,687.00	18,021,253.00
Other	243,738,857.00	36,560,829.00	161,910,113.00	30,863,188.00
Total	7,447,850,584.00	1,502,489,677.00	7,054,975,041.00	1,464,899,421.00

(3) Deferred Income Tax Assets or Liabilities Listed by Net Amount after Off-set

Unit: RMB

Item	Mutual set-off amount of deferred income tax assets and liabilities at the period-end	Ending balance of deferred income tax assets or liabilities after off-set	Mutual set-off amount of deferred income tax assets and liabilities at the period-begin	Beginning balance of deferred income tax assets or liabilities after off-set
Deferred income tax assets	-65,273,644.00	212,735,560.00	-78,347,708.00	182,880,117.00
Deferred income tax liabilities	-65,273,644.00	1,437,216,033.00	-78,347,708.00	1,386,551,713.00

(4) List of Unrecognized Deferred Income Tax Assets

Unit: RMB

Item	Ending balance	Beginning balance
Deductible temporary difference	9,689,684,570.00	9,708,406,691.00
Deductible losses	18,785,657,610.00	15,354,248,296.00
Total	28,475,342,180.00	25,062,654,987.00

(5) Deductible Losses of Unrecognized Deferred Income Tax Assets will Due in the Following Years

Unit: RMB

Years	Ending amount	Beginning amount	Notes
Y2020	58,901,625.00	58,901,625.00	Naught
Y2021	78,927,101.00	80,449,618.00	Naught
Y2022	425,150,656.00	435,146,446.00	Naught
Y2023	555,952,176.00	605,118,016.00	Naught
Y2024	1,043,780,715.00	1,028,882,595.00	Naught
Y2025	1,503,554,228.00	494,894,618.00	Naught
Y2026	256,480,710.00	227,711,720.00	Naught

Y2027	133,673,301.00	133,673,301.00	Naught
Y2028	4,219,406,436.00	4,215,818,107.00	Naught
Y2029	7,361,441,519.00	7,359,029,807.00	Naught
Y2030	2,172,704,352.00	0.00	Naught
Other	975,684,791.00	714,622,443.00	Naught
Total	18,785,657,610.00	15,354,248,296.00	--

Other notes: According to the applicable local tax laws, Loss of some overseas subsidiaries of the Group has indefinite carry-overperiod to deduct the future taxable income.

20. Other Non-current Assets

Unit: RMB

Item	Ending balance			Beginning balance
	Carrying amount	Depreciation reserve	Carrying value	Carrying amount	Depreciation reserve	Carrying value
Contract acquisition cost of	0.00	0.00	0.00	0.00	0.00	0.00
Contract performance cost	0.00	0.00	0.00	0.00	0.00	0.00
Cost of returning products payable	0.00	0.00	0.00	0.00	0.00	0.00
Contract assets	0.00	0.00	0.00	0.00	0.00	0.00
The VAT collection of imported equipment	3,565,354,988.00	0.00	3,565,354,988.00	5,027,130,119.00	0.00	5,027,130,119.00
Prepayment for procurement of fixed assets	1,183,376,276.00	0.00	1,183,376,276.00	1,159,943,991.00	0.00	1,159,943,991.00
Excess VAT paid	3,198,709,769.00	0.00	3,198,709,769.00	2,482,410,097.00	0.00	2,482,410,097.00
Engineering fee prepayment	60,838,646.00	0.00	60,838,646.00	43,162,425.00	0.00	43,162,425.00
Proceeds from transfer of exploration right	512,802,600.00	0.00	512,802,600.00	512,802,600.00	0.00	512,802,600.00
Other	289,455,743.00	0.00	289,455,743.00	266,132,327.00	0.00	266,132,327.00
Total	8,810,538,022.00	0.00	8,810,538,022.00	9,491,581,559.00	0.00	9,491,581,559.00

Other notes:

None

21. Short-term Borrowings

(1) Category of Short-term Borrowings

Unit: RMB

Item	Ending balance	Beginning balance
Pledge loans	700,000,000.00	2,229,215,000.00
Mortgage loans	0.00	0.00
Guaranteed loans	0.00	0.00
Credit loans	3,205,000,000.00	4,137,502,121.00
Total	3,905,000,000.00	6,366,717,121.00

Notes of category of short-term borrowings: None

(2) Overdue and Outstanding Short-term Borrowings

The total overdue and outstanding short-term borrowings was RMB0.00, of which, the significant ones were listed as follows:

Unit: RMB

Unit	Ending balance	Loan interest rate	Overdue time	Overdue charge rate
None

Other notes: None

22. Notes Payable

Unit: RMB

Category	Ending balance	Beginning balance
Trade acceptance bill	5,313,822.00	216,608,473.00
Bank acceptance bill	529,640,274.00	1,812,309,507.00
Total	534,954,096.00	2,028,917,980.00

The total overdue and outstanding notes payable at the period-end were RMB0.00.

23. Accounts Payable

(1) List of Accounts Payable

Unit: RMB

Item	Ending balance	Beginning balance
Accounts payable of connected parties	109,733,860.00	77,847,042.00
Accounts payable of the third-party	26,895,177,568.00	21,139,975,563.00
Total	27,004,911,428.00	21,217,822,605.00

(2) Significant Accounts Payable Aging over One Year

Unit: RMB

Item	Ending balance	Unpaid/ Un-carry-over reason
None

Other notes:

None

24. Advances from Customers

(1) List of Advances from Customers

Unit: RMB

Item	Ending balance	Beginning balance
Advances from customers of connected parties	83,970.00	60,990.00
Advances from customers of the third-party	223,399,008.00	297,269,737.00
Total	223,482,978.00	297,330,727.00

(2) Significant Advances from Customers Aging over One Year

Unit: RMB

Item	Ending balance	Unpaid/ Un-carry-over reason
None

Other notes:

None

25. Contract Liabilities

Unit: RMB

Item	Ending balance	Beginning balance
Advances from customers of connected parties	270,612.00	0.00
Advances from customers of the third-party	1,492,828,434.00	963,402,058.00
Total	1,493,099,046.00	963,402,058.00

The amount of significant changes of carrying value and reason during the Reporting Period:

Unit: RMB

Item	Amount changed	Reason
None

26. Payroll Payable

(1) List of Payroll Payable

Unit: RMB

Item	Beginning balance	Increase	Decrease	Ending balance
I. Short-term salary	2,317,952,892.00	6,302,169,981.00	6,531,654,365.00	2,088,468,508.00
II. Post-employment benefit-defined contribution plans	30,809,715.00	269,693,736.00	248,950,896.00	51,552,555.00
III. Termination benefits	24,982,847.00	8,292,462.00	8,584,899.00	24,690,410.00
IV. Other benefits due within one year	0.00	0.00	0.00	0.00
Total	2,373,745,454.00	6,580,156,179.00	6,789,190,160.00	2,164,711,473.00

(2) List of Short-term Salary

Unit: RMB

Item	Beginning balance	Increase	Decrease	Ending balance
1. Salary, bonus, allowance, subsidy	1,884,102,804.00	5,338,390,465.00	5,617,575,125.00	1,604,918,144.00
2. Employee welfare	0.00	391,551,710.00	391,551,710.00	0.00
3. Social insurance	32,323,849.00	161,262,454.00	168,203,217.00	25,383,086.00
Of which: Medical insurance premiums	28,537,074.00	146,772,991.00	153,004,327.00	22,305,738.00
Work-related injury insurance	1,592,189.00	7,714,692.00	7,345,239.00	1,961,642.00
Maternity insurance	2,194,586.00	6,774,771.00	7,853,651.00	1,115,706.00
4. Housing fund	27,503,744.00	283,527,128.00	286,141,986.00	24,888,886.00
5.Labor union budget and employee education budget	345,146,487.00	125,610,102.00	65,902,449.00	404,854,140.00
6. Short-term compensated absence	0.00	0.00	0.00	0.00
7. Short-term profit-sharing plan	0.00	0.00	0.00	0.00
8. Employee bonus and welfare fund	7,282,591.00	0.00	0.00	7,282,591.00
9. Other short-term salary	21,593,417.00	1,828,122.00	2,279,878.00	21,141,661.00
Total	2,317,952,892.00	6,302,169,981.00	6,531,654,365.00	2,088,468,508.00

(3) List of Defined Contribution Plans

Unit: RMB

Item	Beginning balance	Increase	Decrease	Ending balance
1. Basic pension benefits	26,271,958.00	243,368,957.00	223,519,470.00	46,121,445.00
2. Unemployment insurance	1,072,077.00	9,636,440.00	8,636,198.00	2,072,319.00
3. Annuity	3,465,680.00	16,688,339.00	16,795,228.00	3,358,791.00
Total	30,809,715.00	269,693,736.00	248,950,896.00	51,552,555.00

Other notes: None

27. Taxes Payable

Unit: RMB

Item	Ending balance	Beginning balance
VAT	116,791,911.00	104,968,721.00
Consumption tax	0.00	0.00
Corporate income tax	248,897,478.00	225,781,442.00
Personal income tax	22,718,592.00	46,299,098.00
Urban maintenance and construction tax	197,634,856.00	159,162,466.00
Education surcharge and local education surcharge	141,175,667.00	114,515,524.00
Other	90,726,848.00	80,268,878.00
Total	817,945,352.00	730,996,129.00

Other notes: None

28. Other Payables

Unit: RMB

Item	Ending balance	Beginning balance
Interest payable	710,661,198.00	721,325,540.00
Dividends payable	763,295,624.00	14,568,242.00
Other accounts payable	22,167,820,067.00	23,834,695,828.00
Total	23,641,776,889.00	24,570,589,610.00

(1) Interest Payable

Unit: RMB

Item	Ending balance	Beginning balance
Long-term loan interest of installment payment of interest and repay the due	703,693,163.00	707,243,294.00

capital
Enterprise bond interest	0.00	0.00
Interest paid for short-term borrowings	6,968,035.00	14,082,246.00
Interest of preferred shares/perpetual bonds classified as financial liabilities	0.00	0.00
Other	0.00	0.00
Total	710,661,198.00	721,325,540.00

Significant overdue and outstanding interests:

Unit: RMB

Entity	Overdue amount	Overdue reason
None

Other notes: None

(2) Dividends Payable

Unit: RMB

Item	Ending balance	Beginning balance
Ordinary share dividends	763,295,624.00	14,568,242.00
Dividends of preferred shares/perpetual bonds classified as equity instruments	0.00	0.00
Other	0.00	0.00
Total	763,295,624.00	14,568,242.00

Other notes, including the reason for unpayment of significant dividends payable unpaid for over one year: None

(3) Other Accounts Payable

1) Other Accounts Payable Listed by Nature of Account

Unit: RMB

Item	Ending balance	Beginning balance
Engineering and equipment	17,717,077,121.00	19,265,984,958.00
The VAT collection of imported equipment	2,200,913,939.00	2,277,269,457.00
Pre-withdrawal water and electricity & logistics freight	499,150,916.00	475,398,269.00
Margin	526,957,886.00	565,971,653.00
Other	1,223,720,205.00	1,250,071,491.00
Total	22,167,820,067.00	23,834,695,828.00

2) Significant Other Accounts Payable Aging over One Year

Unit: RMB

Item	Ending balance	Unpaid/Un-carry-over reason
None

Other notes: None

29. Non-current Liabilities Due within One Year

Unit: RMB

Item	Ending balance	Beginning balance
Long-term loans due within 1 year	19,435,966,701.00	18,690,906,252.00
Bonds payable due within 1 year	0.00	0.00
Long-term accounts payable due within 1 year	99,798,717.00	158,374,767.00
Lease liabilities due within 1 year	0.00	0.00
Total	19,535,765,418.00	18,849,281,019.00

Other notes: None

30. Other Current Liabilities

Unit: RMB

Item	Ending balance	Beginning balance
Short-term bonds payable	0.00	0.00
Cost of returning products payable	202,030,524.00	35,283,844.00
Other	1,261,410,807 .00	1,013,738,515.00
Total	1,463,441,331.00	1,049,022,359.00

Among balance of other current liabilities of the Group, the other current liabilities were mainly warranty provision.Increase or decrease in short-term bonds payable:

Unit: RMB

Bond name	Par value	Issuing date	Duration	Issuing amount	Beginning balance	Issued in the Current Period	Withdrawal of interest by par value	Amortization of premium and depreciation	Repayment in the Reporting Period	Ending balance
None

Other notes: None

31. Long-term Borrowings

(1) Category of Long-term Borrowings

Unit: RMB

Item	Ending balance	Beginning balance
Pledge loan	2,175,586,765.00	1,103,786,282.00
Mortgage loan	74,599,461,761.00	72,513,264,494.00
Guaranteed loan	940,000,000.00	760,000,000.00
Credit loan	30,611,012,572.00	33,353,544,839.00
Total	108,326,061,098.00	107,730,595,615.00

Notes of the category of long-term borrowings:

NoneOther notes, including the interest rate range:

None

32. Bonds Payable

(1) Bonds Payable

Unit: RMB

Item	Ending balance	Beginning balance
Bonds payable	402,807,335.00	387,878,384.00
Total	402,807,335.00	387,878,384.00

(2) Increase/Decrease of Bonds Payable (Excluding Other Financial Instruments Classified as Financial Liabilities such as Preferred Shares and PerpetualBonds)

Unit: RMB

Bond name	Par value	Issuing date	Duration	Issuing amount	Beginning balance	Issued in the Current Period	Withdrawal of interest by par value	Amortization of premium and depreciation	Repayment in the Reporting Period	Differences arising from translation of foreign currency-denominated financial statements	Ending balance
EuroPP	EUR10,000,000	2016.12.29	7 years	EUR10,000,000	77,674,350.00	0.00	1,358,834.00	53,379.00	0.00	1,477,776.00	80,564,339.00
EuroPP	EUR30,000,000	2017.03.29	6 years	EUR30,000,000	233,145,481.00	0.00	4,076,503.00	197,109.00	0.00	4,436,433.00	241,855,526.00
EuroPP	EUR10,000,000	2019.07.22	6 years	EUR10,000,000	77,058,553.00	0.00	1,766,485.00	86,227.00	0.00	1,476,205.00	80,387,470.00
Total	--	--	--	389,869,975.00	387,878,384.00	0.00	7,201,822.00	336,715.00	0.00	7,390,414.00	402,807,335.00

(3) Explanations on Share Transfer Conditions and Time for Convertible Corporate BondsNone

(4) Other Financial Instruments Classified as Financial Liabilities

Basic situation of other financial instruments outstanding at the period-end such preferred shares and perpetual bonds: NoneChanges in financial instruments outstanding at the period-end such preferred shares and perpetual liabilities

Unit: RMB

Outstanding financial instruments	Period-beginning		Increase		Decrease		Period-end
	Amount	Carrying value	Amount	Carrying value	Amount	Carrying value	Amount	Carrying value
None

Notes to the basis of classifying other financial instruments as financial liabilities: NoneOther notes: None

33. Long-term Accounts Payable

Unit: RMB

Item	Ending balance	Beginning balance
Long-term accounts payable	988,461,326.00	984,520,824.00
Specific payables	0.00	0.00
Total	988,461,326.00	984,520,824.00

(1) Long-term Accounts Payable Listed by Nature of Account

Unit: RMB

Item	Ending balance	Beginning balance
Financing lease	988,461,326.00	984,520,824.00

Other notes:

None

(2) Specific Payable

Unit: RMB

Item	Beginning balance	Increase	Decrease	Ending balance	Reason for formation
None
Total	0.00			0.00	--

Other notes:

None

34. Provision

Unit: RMB

Item	Ending balance	Beginning balance	Formed reason
External guaranty	0.00	0.00	Naught
Pending litigation	0.00	0.00	Naught
Product quality assurance	0.00	0.00	Naught
Restructuring obligations	0.00	0.00	Naught
Onerous contracts to be executed	0.00	0.00	Naught
Refund payable	0.00	0.00	Naught
Other	0.00	16,457,010.00	In 2009, the Group ceased producing several products and stopped fulfilling the purchase contract related to production. Due to the indemnity incurred accordingly, the Group withdrew the relevant estimated liabilities according to reasonable estimation of losses.
Total	0.00	16,457,010.00	--

Other notes, including significant assumptions and estimation related to significant provisions:

None

35. Deferred Income

Unit: RMB

Item	Beginning balance	Increase	Decrease	Ending balance	Formed reason
Government grants	2,204,400,566.00	528,739,932.00	475,825,845.00	2,257,314,653.00	Government grants
Total	2,204,400,566.00	528,739,932.00	475,825,845.00	2,257,314,653.00	--

Item involving government grants:

Unit: RMB

Item	Beginning balance	Amount of newly subsidy	Amount recorded into non-operating income in the Reporting Period	Amount recorded into other income in Reporting Period	Amount offset cost in the Reporting Period	Other changes	Ending balance	Related to assets/related to income
Related to	1,959,522,274.00	143,906,250.00	0.00	155,425,862.00	0.00	304,877.00	1,947,697,785.00	Related to

assets								assets
Related to income	244,878,292.00	384,833,682.00	0.00	320,095,106.00	0.00	0.00	309,616,868.00	Related to income
Total	2,204,400,566.00	528,739,932.00	0.00	475,520,968.00	0.00	304,877.00	2,257,314,653.00	--

Other notes: None

36. Other Non-current Liabilities

Unit: RMB

Item	Ending balance	Beginning balance
Contract liabilities	0.00	0.00
Equity investment with redemption items	3,704,738,582.00	3,699,127,228.00
The VAT collection of imported equipment	2,567,251,292.00	4,409,269,015.00
Other	80,019,904.00	92,146,169.00
Total	6,352,009,778.00	8,200,542,412.00

Other notes:

None

37. Share Capital

Unit: RMB

Item	Beginning balance	Increase/decrease (+/-)					Ending balance
		New shares issued	Bonus shares	Bonus issue from profit	Other	Subtotal
The sum of shares	34,798,398,763.00	0.00	0.00	0.00	0.00	0.00	34,798,398,763.00

Other notes: None

38. Other Equity Instrument

(1) The Basic Information of Other Financial Instruments such as Preferred Stock and Perpetual BondOutstanding at the End of the Period

Outstanding financial instruments	Issue date	Accounting classification	Interest rate	Issue price	Number	Amount	Due date or renewal	Condition of conversion	Conversion
19BOEY1	28 October 2019	Equity instrument	4.0%	100 yuan/share	80 million	RMB8 billion	3+N years	N/A	N/A

20BOEY1	27 February 2020	Equity instrument	3.64%	100 yuan/share	20 million	RMB2 billion	3+N years	N/A	N/A
20BOEY2	18 March 2020	Equity instrument	3.54%	100 yuan/share	20 million	RMB2 billion	3+N years	N/A	N/A
20BOEY3	24 April 2020	Equity instrument	3.50%	100 yuan/share	20 million	RMB2 billion	3+N years	N/A	N/A

(2) Changes in Financial Instruments such as Preferred Stock and Perpetual Bond Outstanding at the Endof the Period

Unit: RMB

Outstanding financial instruments	Period-beginning		Increase		Decrease		Period-end
	Amount	Carrying value	Amount	Carrying value	Amount	Carrying value	Amount	Carrying value
19BOEY1-original value	80,000,000	7,957,047,264.00	0	0.00	0	0.00	80,000,000	7,957,047,264.00
20BOEY1- original value	0	0.00	20,000,000	1,989,179,245.00	0	0.00	20,000,000	1,989,179,245.00
20BOEY2- original value	0	0.00	20,000,000	1,989,320,755.00	0	0.00	20,000,000	1,989,320,755.00
20BOEY3- original value	0	0.00	20,000,000	1,989,415,094.00	0	0.00	20,000,000	1,989,415,094.00
19BOEY1-interest	0	56,109,589.00	0	159,561,644.00	0	0.00	0	215,671,233.00
20BOEY1-interest	0	0.00	0	24,732,055.00	0	0.00	0	24,732,055.00
20BOEY2-interest	0	0.00	0	20,173,151.00	0	0.00	0	20,173,151.00
20BOEY3-interest	0	0.00	0	12,465,753.00	0	0.00	0	12,465,753.00
Total	80,000,000	8,013,156,853.00	60,000,000	6,184,847,697.00	0	0.00	140,000,000	14,198,004,550.00

Changes in other equity instruments for the Current Period, explanation on reasons for the changes and basis for related accountingtreatment:

In accordance with the rules of Shenzhen Stock Exchange for the listing of bonds, BOE Technology Group Co., Ltd. publicly issuednew renewable corporate bonds (facing eligible investors) (epidemic prevention and control bonds) respectively on 27 February, 18March and 24 April 2020, all of which meet the conditions for the listing of bonds set by Shenzhen Stock Exchange. Those bondshave been listed for trading by eligible investors on the centralized bidding system and the comprehensive protocol trading platformof Shenzhen Stock Exchange.On 30 June 2020, as the issued renewable corporate bonds aforementioned are classified as cumulative other equity instruments, theCompany withdrew an interest of RMB216,932,603 for the renewable corporate bonds from retained profits.Other notes: None

39. Capital Reserves

Unit: RMB

Item	Beginning balance	Increase	Decrease	Ending balance
Capital premium (premium on stock)	37,546,517,053.00	0.00	0.00	37,546,517,053.00
Other capital reserves	806,725,311.00	26,067,852.00	26,062,931.00	806,730,232.00
Total	38,353,242,364.00	26,067,852.00	26,062,931.00	38,353,247,285.00

Other notes, including notes to increase and decrease during the Reporting Period and the reasons for changes: None

40. Other Comprehensive Income

Unit: RMB

Item	Beginning balance	Reporting Period						Ending balance
		Income before taxation in the Current Period	Less: Recorded in other comprehensive income in prior period and transferred in profit or loss in the Current Period	Less: Recorded in other comprehensive income in prior period and transferred in retained earnings in the Current Period	Less: Income tax expense	Attributable to owners of the Company as the parent after tax	Attributable to non-controlling interests after tax
I. Other comprehensive income that will not be reclassified to profit or loss	140,076,335.00	188,450,170.00	0.00	7,931,081.00	1,422,845.00	179,096,244.00	0.00	319,172,579.00
Of which: Changes caused by re-measurements on defined benefit pension schemes	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Other comprehensive income that will not be reclassified to profit or loss under equity method	308,546,648.00	198,406,448.00	0.00	0.00	0.00	198,406,448.00	0.00	506,953,096.00
Changes in fair value of other equity instrument investment	-168,470,313.00	-9,956,278.00	0.00	7,931,081.00	1,422,845.00	-19,310,204.00	0.00	-187,780,517.00
Changes in fair value of enterprise credit risk	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
II. Other comprehensive income that may be reclassified to profit or loss	-144,642,974.00	55,802,944.00	0.00	0.00	0.00	35,835,884.00	19,967,060.00	-108,807,090.00
Of which: Other comprehensive income that will be reclassified to profit or loss under equity method	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Changes in fair value of investment in other debt obligations	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Amount of financial assets reclassified to other comprehensive income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Provision for credit impairment of investment in other debt obligations	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Reserves for cash flow hedges	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Differences arising from translation of foreign currency-denominated financial statements	-144,642,974.00	55,802,944.00	0.00	0.00	0.00	35,835,884.00	19,967,060.00	-108,807,090.00
Total of other comprehensive income	-4,566,639.00	244,253,114.00	0.00	7,931,081.00	1,422,845.00	214,932,128.00	19,967,060.00	210,365,489.00

Other notes, including the note to the adjustment of the initial recognition amount of hedged item transferred from the effective gain/loss on cash flow hedges:

None

41. Surplus Reserves

Unit: RMB

Item	Beginning balance	Increase	Decrease	Ending balance
Statutory surplus reserves	1,760,374,514.00	0.00	0.00	1,760,374,514.00
Discretionary surplus reserves	289,671,309.00	0.00	0.00	289,671,309.00
Reserve fund	0.00	0.00	0.00	0.00
Enterprise expansion fund	0.00	0.00	0.00	0.00
Other	0.00	0.00	0.00	0.00
Total	2,050,045,823.00	0.00	0.00	2,050,045,823.00

Notes to surplus reserves, including the note to increase and decrease in the Reporting Period and the reason for changes: None

42. Retained Profits

Unit: RMB

Item	Reporting Period	Same period of last year
Opening balance of retained profits before adjustments	12,381,758,005.00	11,817,881,286.00
Total beginning balance of retained profits before adjustments (increase+, decrease-)	-533,906,114.00	200,341,707.00
Beginning balance of retained profits after adjustments	11,847,851,891.00	12,018,222,993.00
Add: Net profit attributable to owners of the Company as the parent	1,135,450,325.00	1,668,448,449.00
Less: Withdrawal of statutory surplus reserves	0.00	0.00
Withdrawal of discretional surplus reserves	0.00	0.00
Withdrawal of general reserve	0.00	0.00
Dividend of ordinary shares payable	695,967,975.00	1,043,951,963.00
Dividend of common stock transferred into share capital	0.00	0.00
Interest of owner of other equity instrument	-216,932,603.00	0.00
Retained profits carried forward from other comprehensive income	-7,931,081.00	0.00
Other	0.00	0.00

Ending retained profits

12,062,470,557.00

12,642,719,479.00

List of adjustment of beginning retained profits:

(1) RMB533,906,114.00 beginning retained profits was affected by retrospective adjustment conducted according to the AccountingStandards for Business Enterprises and relevant new regulations.

(2) RMB0.00 beginning retained profits was affected by changes in accounting policies.

(3) RMB0.00 beginning retained profits was affected by correction of significant accounting errors.

(4) RMB0.00 beginning retained profits was affected by changes in combination scope arising from same control.

(5) RMB0.00 beginning retained profits was affected totally by other adjustments.

43. Operating Revenue and Cost of Sales

Unit: RMB

Item	Reporting Period		Same period of last year
	Operating revenue	Cost of sales	Operating revenue	Cost of sales
Main operations	59,049,095,245.00	49,907,003,553.00	53,422,449,210.00	44,536,416,408.00
Other operations	1,817,978,261.00	1,362,587,556.00	1,616,759,477.00	1,275,916,823.00
Total	60,867,073,506.00	51,269,591,109.00	55,039,208,687.00	45,812,333,231.00

Relevant information of revenue:

Unit: RMB

Category of contracts	Segment 1	Segment 2	Total
Types of products	0.00	0.00	0.00
Of which:
By operating places	0.00	0.00	0.00
Of which:
By types of market or customers	0.00	0.00	0.00
Of which:
Types of contracts	0.00	0.00	0.00
Of which:
By the time of transferring goods	0.00	0.00	0.00
Of which:
By contract term	0.00	0.00	0.00
Of which:
By marketing channel	0.00	0.00	0.00
Of which:
Total	0.00	0.00	0.00

Information related to performance obligations:

Generally, the Group undertakes the contract performance obligations of providing customers with commodity sales and services. Forcommodity sales obligation, if sales return terms are provided, the recognition of revenue should be capped at the cumulativerecognized revenue that will probably not be reversed; for contract performance obligation fulfilled in a time period, the revenueshould be recognized according to the progress towards contract completion; for quality assurance provided for customers, as it isgenerally guaranteed quality assurance, it is not treated as an individual contract performance obligation.Information related to transaction value assigned to residual performance obligations:

The amount of revenue corresponding to performance obligations of contracts signed but not performed or not fully performed yetwas RMB0.00 at the period-end, among which RMB0.00 was expected to be recognized in 0 year, RMB0.00 in 0 year and RMB0.00in 0 year.Other notes:

None

44. Taxes and Surtaxes

Unit: RMB

Item	Reporting Period	Same period of last year
Consumption tax	0.00	0.00
Urban maintenance and construction tax	131,932,109.00	104,659,038.00
Education Surcharge	94,874,954.00	63,312,004.00
Resources tax	0.00	0.00
Property tax	192,626,452.00	169,090,680.00
Land use tax	19,149,316.00	23,948,298.00
Vehicle and vessel tax	0.00	0.00
Stamp duty	56,744,347.00	54,991,492.00
Other	17,286,935.00	8,851,895.00
Total	512,614,113.00	424,853,407.00

Other notes: None

45. Selling Expense

Unit: RMB

Item	Reporting Period	Same period of last year
Warranty provisions	606,173,023.00	586,582,634.00
Labor cost	358,124,169.00	300,120,333.00
Logistic transport fees	273,715,824.00	245,691,178.00
Other	212,812,468.00	232,893,141.00
Total	1,450,825,484.00	1,365,287,286.00

Other notes: None

46. Administrative Expense

Unit: RMB

Item	Reporting Period	Same period of last year
Labor cost	1,159,256,892.00	1,030,099,305.00
Maintenance cost	612,443,318.00	520,428,006.00
Depreciation and amortization	288,718,246.00	221,481,455.00
Other	457,178,194.00	425,174,728.00
Total	2,517,596,650.00	2,197,183,494.00

Other notes: None

47. Development Costs

Unit: RMB

Item	Reporting Period	Same period of last year
Labor cost	1,417,861,105.00	1,103,263,819.00
Material fee	607,485,518.00	737,490,376.00
Depreciation and amortization	708,260,662.00	532,776,728.00
Other	510,825,813.00	551,127,313.00
Total	3,244,433,098.00	2,924,658,236.00

Other notes: None

48. Finance Costs

Unit: RMB

Item	Reporting Period	Same period of last year
Interest expense	1,498,088,250.00	1,535,561,809.00
Interest income	-421,677,692.00	-398,822,857.00
Net exchange (income)/ losses	92,435,224.00	-1,145,247.00
Other finance costs	35,514,076.00	31,159,667.00
Total	1,204,359,858.00	1,166,753,372.00

Other notes: None

49. Other Income

Unit: RMB

Sources	Reporting Period	Same period of last year
Government grants related to assets	155,425,862.00	169,171,630.00

Government grants related to income	1,365,472,248.00	948,781,297.00
Other	4,619,905.00	0.00
Total	1,525,518,015.00	1,117,952,927.00

50. Investment Income

Unit: RMB

Item	Reporting Period	Same period of last year
Long-term equity investment income accounted by equity method	-27,648,162.00	-16,571,961.00
Investment income from disposal of long-term equity investment	0.00	0.00
Investment income from holding of trading financial assets	0.00	0.00
Investment income from disposal of trading financial assets	14,126,141.00	23,962,521.00
Dividend income from holding of other equity instrument investment	10,349,867.00	6,174,811.00
Gains from re-measurement of residual stock rights at fair value after losing control power	0.00	0.00
Interest income from holding of investment in debt obligations	10,281,395.00	0.00
Interest income from holding of investment in other debt obligations	0.00	0.00
Investment income from disposal of investment in other debt obligations	0.00	0.00
Investment income from disposal of investment in debt obligations	8,032,226.00	0.00
Total	15,141,467.00	13,565,371.00

Other notes:

None

51. Gains from Changes in Fair Value

Unit: RMB

Sources	Reporting Period	Same period of last year
Trading financial assets	19,723,299.00	55,666,155.00
Of which: Gains from changes in fair value of derivative financial instruments	0.00	0.00
Trading financial liabilities	0.00	0.00

Investment property measured by fair value	0.00	0.00
Total	19,723,299.00	55,666,155.00

Other notes: None

52. Credit Impairment Loss

Unit: RMB

Item	Reporting Period	Same period of last year
Bad debt loss of other receivables	-4,584.00	-6,317,588.00
Impairment loss of investment in debt obligations	0.00	0.00
Impairment loss of investment in other debt obligations	0.00	0.00
Bad debt loss of long-term receivables	0.00	0.00
Impairment loss of contract assets	0.00	0.00
Bad debt loss of accounts receivables	810,497.00	-13,912,857.00
Total	805,913.00	-20,230,445.00

Other notes:

None

53. Asset Impairment Loss

Unit: RMB

Item	Reporting Period	Same period of last year
I. Bad debt loss	0.00	0.00
II. Loss on inventory valuation and contract performance cost	-1,633,588,287.00	-598,106,867.00
III. Impairment losses on long-term equity investment	0.00	0.00
IV. Impairment losses on investment property	0.00	0.00
V. Fixed assets impairment losses	-9,692,923.00
VI. Impairment losses on engineering materials	0.00	0.00
VII. Impairment losses on construction in progress	0.00	0.00
VIII. Impairment losses on productive living assets	0.00	0.00
IX. Impairment losses on oil and gas assets	0.00	0.00
X. Impairment losses on intangible assets	0.00	0.00
XI. Goodwill impairment losses	0.00	0.00
XII. Other	0.00	0.00
Total	-1,643,281,210.00	-598,106,867.00

Other notes: None

54. Asset Disposal Income

Unit: RMB

Sources	Reporting Period	Same period of last year
Fixed assets disposal income	11,657,251.00	373,679.00

55. Non-operating Income

Unit: RMB

Item	Reporting Period	Same period of last year	Amount recorded in the current non-recurring profit or loss
Income from debt restructuring	0.00	0.00	0.00
Income from non-monetary assets exchange	0.00	0.00	0.00
Donations accepted	0.00	0.00	0.00
Government grants	1,218,000.00	34,368,058.00	1,218,000.00
Other	50,975,491.00	61,975,474.00	50,975,491.00
Total	52,193,491.00	96,343,532.00	52,193,491.00

Government grants recorded into current profit or loss:

Unit: RMB

Item	Distribution entity	Distribution reason	Nature	Whether subsidies influence the current profit or loss	Special subsidy or not	Reporting Period	Same period of last year	Related to assets/related to income
Policy incentives and other	Municipal People’s Government, National Development and Reform Commission, Bureau of Finance, etc.	Subsidy	Due to engage in special industry that the state encouraged and supported, gained subsidy (obtaining in line with the law and the regulations of national policy)	No	No	1,218,000.00	34,368,058.00	Related to income

Other notes: None

56. Non-operating Expense

Unit: RMB

Item	Reporting Period	Same period of last year	Amount recorded in the current non-recurring profit or loss
Losses from debt reconstruction	0.00	0.00	0.00
Non-monetary asset exchange losses	0.00	0.00	0.00
Donation	11,196,143.00	2,512,720.00	11,196,143.00
Other	21,563,402.00	9,335,620.00	21,563,402.00
Total	32,759,545.00	11,848,340.00	32,759,545.00

Other notes: Note

57. Income Tax Expense

(1) List of Income Tax Expense

Unit: RMB

Item	Reporting Period	Same period of last year
Current income tax expense	476,420,992.00	579,625,856.00
Deferred income tax expense	19,386,032.00	94,149,185.00
Total	495,807,024.00	673,775,041.00

(2) Adjustment Process of Accounting Profit and Income Tax Expense

Unit: RMB

Item	Reporting Period
Profit before taxation	616,651,875.00
Current income tax expense accounted at statutory/applicable tax rate	92,497,781.00
Influence of applying different tax rates by subsidiaries	-44,248,237.00
Influence of income tax before adjustment	0.00
Influence of non-taxable income	-2,271,220.00
Influence of not deductable costs, expenses and losses	780,326.00
Influence of deductable loss of unrecognized deferred income tax assets in prior period	-32,702,396.00
Influence of deductable temporary difference or deductable loss of unrecognized deferred income tax assets in the Reporting Period	90,204,370.00

Other	391,546,400.00
Income tax expense	495,807,024.00

Other notes: None

58. Other Comprehensive Income

Refer to Notes 47 for details.

59. Cash Flow Statement

(1) Cash Generated from Other Operating Activities

Unit: RMB

Item	Reporting Period	Same period of last year
Government grants and recovery of restricted deposits, etc.	3,154,292,472.00	4,211,734,116.00
Total	3,154,292,472.00	4,211,734,116.00

Notes: None

(2) Cash Used in Other Operating Activities

Unit: RMB

Item	Reporting Period	Same period of last year
Daily expenditure paid, etc.	2,241,419,900.00	4,102,320,555.00
Total	2,241,419,900.00	4,102,320,555.00

Notes:

None

(3) Cash Generated from Other Investing Activities

Unit: RMB

Item	Reporting Period	Same period of last year
Interest income and bid bond recovered, etc.	159,875,747.00	108,292,744.00
Total	159,875,747.00	108,292,744.00

Notes:

None

(4) Cash Used in Other Investing Activities

Unit: RMB

Item	Reporting Period	Same period of last year
Restricted deposits in financial institutions and bid bond paid, etc.	50,583,894.00	56,414,722.00
Total	50,583,894.00	56,414,722.00

Notes: None

(5) Cash Generated from Other Financing Activities

Unit: RMB

Item	Reporting Period	Same period of last year
Recovery of restricted deposits in financial institutions	1,436,274,535.00	133,415,725.00
Total	1,436,274,535.00	133,415,725.00

Notes: None

(6) Cash Used in Other Financing Activities

Unit: RMB

Item	Reporting Period	Same period of last year
Principle and interest paid for financing lease	207,794,479.00	73,504,151.00
Total	207,794,479.00	73,504,151.00

Notes: None

60. Supplemental Information for Cash Flow Statement

(1) Supplemental Information for Cash Flow Statement

Unit: RMB

Supplemental information	Reporting Period	Same period of last year
1. Reconciliation of net profit to net cash flows generated from operating activities	--	--
Net profit	120,844,851.00	1,128,080,632.00
Add: Provision for impairment of assets	1,644,087,123.00	598,106,867.00
Depreciation of fixed assets, oil-gas assets, and productive living assets	9,733,828,170.00	9,019,062,288.00
Depreciation of right-to-use assets	0.00	0.00
Amortization of intangible assets	151,109,865.00	161,230,388.00
Amortization of long-term prepaid expenses	66,705,586.00	59,700,556.00

Losses on disposal of fixed assets, intangible assets and other long-lived assets (gains: negative)	-3,754,816.00	217,671.00
Losses on scrap of fixed assets (gains: negative)	11,267,094.00	289,077.00
Losses from variation of fair value (gains: negative)	-19,723,299.00	-55,666,155.00
Finance costs (gains: negative)	1,356,619,662.00	1,700,086,916.00
Investment loss (gains: negative)	-15,141,467.00	-13,565,371.00
Decrease in deferred income tax assets (gains: negative)	57,549,826.00	32,865,030.00
Increase in deferred income tax liabilities (“-” means decrease)	-36,740,949.00	59,589,820.00
Decrease in inventory (gains: negative)	-5,185,028,859.00	-2,520,248,329.00
Decrease in accounts receivable generated from operating activities (gains: negative)	-931,804,185.00	1,509,753,826.00
Increase in accounts payable used in operating activities (decrease: negative)	2,623,637,968.00	203,464,853.00
Other	143,218,964.00	-287,983,720.00
Net cash generated from/used in operating activities	9,716,675,534.00	11,594,984,349.00
2. Significant investing and financing activities without involvement of cash receipts and payments	--	--
Transfer of debt to capital	0.00	0.00
Convertible corporate bonds due within one year	0.00	0.00
Fixed assets leased in through financing	0.00	0.00
3. Net increase/decrease of cash and cash equivalent:	--	--
Ending balance of cash	51,606,740,026.00	40,243,333,561.00
Less: Beginning balance of cash	50,270,321,573.00	43,350,696,520.00
Add: Ending balance of cash equivalents	0.00	0.00
Less: Beginning balance of cash equivalents	0.00	0.00
Net increase in cash and cash equivalents	1,336,418,453.00	-3,107,362,959.00

(2) Cash and Cash Equivalent

Unit: RMB

Item	Ending balance	Beginning balance
I. Cash	51,606,740,026.00	50,270,321,573.00
Including: Cash on hand	717,052.00	538,338.00
Bank deposit on demand	51,599,989,440.00	50,269,207,607.00
Other monetary fund on demand	6,033,534.00	575,628.00
Accounts deposited in the central bank available for	0.00	0.00

payment
Deposits in other banks	0.00	0.00
Accounts of interbank	0.00	0.00
II. Cash equivalents	0.00	0.00
Of which: Bond investment expired within three months	0.00	0.00
III. Ending balance of cash and cash equivalents	51,606,740,026.00	50,270,321,573.00
Of which: Cash and cash equivalents with restriction in use for the Company as the parent or subsidiaries of the Group	6,033,534.00	575,628.00

Other notes: None

61. Notes to Items in Statements of Changes in Owners’ Equity

Notes to names under the item of “Other” in the adjusted ending balance for the same period of last year and the correspondingamount: None

62. Assets with Restricted Ownership or Right to Use

Unit: RMB

Item	Ending carrying value	Reason for restriction
Monetary assets	5,058,196,779.00	Pledged for guarantee and as cash deposit
Notes receivable	13,758,254.00	Discounted transfer with recourse attached, negotiability with recourse attached and pledged for issuing notes payable
Fixed assets	96,363,924,668.00	Naught
Intangible assets	1,514,161,097.00	Mortgaged for guarantee
Construction in progress	56,097,083,166.00	Mortgaged for guarantee
Investment property	44,826,599.00	Mortgaged for guarantee
Total	159,091,950,563.00	--

Other notes: None

63. Foreign Currency Monetary Items

(1) Foreign Currency Monetary Items

Unit: RMB

Item	Ending foreign currency balance	Exchange rate	Ending balance converted to RMB
Monetary assets	--	--	--

Including: USD	3,514,853,208.00	7.0795	24,883,403,286.00
EUR	82,737,948.00	7.9610	658,676,804.00
HKD	23,688,875.00	0.9134	21,637,418.00
Accounts receivable	--	--	--
Including: USD	1,904,500,115.00	7.0795	13,482,908,563.00
EUR	85,205,132.00	7.9610	678,318,055.00
HKD	1,908.00	0.9134	1,743.00
Long-term borrowings	--	--	--
Including: USD	4,390,370,000.00	7.0795	31,081,624,415.00
EUR	205,692,421.00	7.9610	1,637,517,364.00
HKD	0.00	0.9134	0.00

Other notes: None

(2) Notes to Overseas Entities Including: for Significant Oversea Entities, Main Operating Place, RecordingCurrency and Selection Basis Shall Be Disclosed; if there Are Changes in Recording Currency, RelevantReasons Shall Be Disclosed.

□ Applicable √ Not applicable

VIII. Changes of Consolidation Scope

1. Disposal of Subsidiary

Whether there is a single disposal of the investment to the subsidiary and lost control?

□ Yes √ No

Whether there are several disposals of the investment to the subsidiary and lost controls?

□ Yes √ No

2. Changes in Combination Scope for Other Reasons

Note to changes in combination scope for other reasons (such as newly establishment or liquidation of subsidiaries, etc.) and relevantinformation:

Six new subsidiaries were established in the current period, including Hefei BOE Xingyu Technology Co., Ltd., BOE EducationTechnology Co., Ltd., Oriental Chengqi (Beijing) Business Technology Co., Ltd., BOE Innovation Investment Co., Ltd., QingdaoBOE Smart System Innovation Center Co., Ltd. and BOE Smart Technology Co., Ltd.. The Company holds a 43.40% interest inHefei BOE Xingyu Technology Co., Ltd. and the 100% interest in all the others.

3. Other

None

IX. Equity in Other Entities

1. Equity in Subsidiary

(1) Subsidiaries

Name	Main operating place	Registration place	Nature of business	Holding percentage (%)		Way of gaining
				Directly	Indirectly
Beijing BOE Optoelectronics Technology Co., Ltd.	Beijing, China	Beijing, China	Research, development, design and manufacture of TFT-LCD.	82.49%	17.51%	Investment
Chengdu BOE Optoelectronics Technology Co., Ltd. (“Chengdu Optoelectronics”)	Chengdu, China	Chengdu, China	R&D, design, production and sales of new display devices and modules and other electronic components.	100.00%	0.00%	Business combination not under the same control
Hefei BOE Optoelectronics Technology Co., Ltd.	Hefei, China	Hefei, China	Investment, construction, R&D, production and sales of the relevant products of thin film transistor LCD and its auxiliary products.	100.00%	0.00%	Business combination not under the same control
Beijing BOE Display Technology Co., Ltd. (“Beijing BOE Display”)	Beijing, China	Beijing, China	Development of TFT-LCD, manufacture and sale of LCD.	97.17%	2.83%	Investment
Hefei Xinsheng Optoelectronics Technology Co., Ltd.	Hefei, China	Hefei, China	Investment, construction, R&D, production and sales of the relevant products of thin film transistor LCD and its auxiliary products.	99.97%	0.03%	Business combination not under the same control
Ordos Yuansheng Optoelectronics Co., Ltd. (“Yuansheng Optoelectronics”)	Ordos, China	Ordos, China	Manufacture and sales of AM-OLED products and auxiliary products.	100.00%	0.00%	Investment
Chongqing BOE Optoelectronics Technology Co., Ltd. (“Chongqing BOE”)	Chongqing, China	Chongqing, China	R&D, production and sales of semi-conducting display devices, complete machine and related products; import & export of goods and technology consulting.	100.00%	0.00%	Business combination not under the same control

Fuzhou BOE Optoelectronics Technology Co., Ltd. (“Fuzhou BOE”)	Fuzhou, China	Fuzhou, China	Investment, construction, R&D, production and sales of the relevant products of thin film transistor LCD and its auxiliary products.	81.25%	0.00%	Business combination not under the same control
Beijing BOE Video Technology Co., Ltd. (“BOE Video”)	Beijing, China	Beijing, China	Manufacture of LCD TV, LCD; technology development of terminal products and systems such as TFT-LCD display and TV.	100.00%	0.00%	Investment
Beijing BOE Vacuum Electronics Co., Ltd.	Beijing, China	Beijing, China	Manufacture and sale of vacuum electronic products	55.00%	0.00%	Investment
Beijing BOE Vacuum Technology Co., Ltd.	Beijing, China	Beijing, China	Manufacture and sale of electronic tubes.	100.00%	0.00%	Investment
Beijing BOE Special Display Technology Co., Ltd. (“Special Display”)	Beijing, China	Beijing, China	Development of display products and sale of electronic products.	100.00%	0.00%	Investment
Beijing Yinghe Century Co., Ltd.	Beijing, China	Beijing, China	Management of engineering projects; real estate development; public parking lot for motor vehicles service; office lease.	100.00%	0.00%	Investment
BOE Optical Science and Technology Co., Ltd. (“Optical Science and Technology”)	Suzhou, China	Suzhou, China	R&D, production and sales of LCD, back light for display and related components.	95.17%	0.00%	Investment
BOE Hyundai LCD (Beijing) Display Technology Co., Ltd.	Beijing, China	Beijing, China	Development, manufacture and sale of liquid display for mobile termination.	75.00%	0.00%	Investment
BOE (Hebei) Mobile Technology Co., Ltd. (“BOE Hebei”)	Langfang, China	Langfang, China	Manufacture and sale of mobile flat screen display technical products and related services.	100.00%	0.00%	Investment

Beijing BOE Multimedia Technology Co. Ltd. (“BOE Multimedia”)	Beijing, China	Beijing, China	Sale of computer software and hardware, the numeral regards the audio frequency technology.	100.00%	0.00%	Investment
Beijing BOE Energy Technology Co., Ltd. (“BOE Energy”)	Beijing, China	Beijing, China	Design, consultancy and service of solar cell, photovoltaic system, wind power system and solar thermal system as well as the assembly units; energy-saving service.	100.00%	0.00%	Investment
Beijing BOE Life Technology Co., Ltd. (“BOE Life Technology”)	Beijing, China	Beijing, China	Technology promotion, property management, and sales of electronic products.	100.00%	0.00%	Investment
Beijing Zhongxiangying Technology Co., Ltd. (“Zhongxiangying”)	Beijing, China	Beijing, China	Technology promotion, property management, and sales of electronic products.	100.00%	0.00%	Investment
Beijing BOE Semi-conductor Co., Ltd.	Beijing, China	Beijing, China	Processing, manufacturing and sales of precision electronic components, semi-conductor devices, micro modules, microelectronic devices and electronic materials; import & export of goods	84.00%	0.00%	Investment
BOE Optoelectronics Holding Co. ,Ltd (“Optoelectronics Holding”)	Hong Kong, China	Virgin Islands, British	Design, manufacturing and sales of electronic-information industry related products, investment and financing businesses.	100.00%	0.00%	Investment
Beijing Asahi Electronic Materials Co., Ltd.	Beijing, China	Beijing, China	Sales of TV bracket glass rod and CTV low-melting-point solder glass.	100.00%	0.00%	Business combination not under the same control
BOE Health Investment Management Co., Ltd. (“Health Investment”)	Beijing, China	Beijing, China	Investment management and project investment.	100.00%	0.00%	Business combination not under the same control
Beijing?Matsushit	Beijing,	Beijing,	Color TV set, display tube, color RPTV	88.80%	0.00%	Business

a Color CRT Co., Ltd. (“Matsushita Color CRT”)	China	China	projection tube and materials of electronic components; property management and parking services, etc.			combination not under the same control
Hefei BOE Display Technology Co., Ltd. (“Hefei Technology”)	Hefei, China	Hefei, China	Investment, R & D and production of products related to TFT-LCD and the supporting facility.	8.33%	0.00%	Business combination not under the same control
Beijing BOE Technology Development Co., Ltd. (“Technology Development”)	Beijing, China	Beijing, China	Development, transfer, consulting and service of technology.	100.00%	0.00%	Investment
BOE Wisdom IOT Technology Co., Ltd. (“Wisdom IOT Technology”)	Beijing, China	Beijing, China	Development, transfer, consulting, service and promotion of technology.	100.00%	0.00%	Investment
Hefei BOE Zhuoyin Technology Co., Ltd. (“Zhuoyin Technology”)	Hefei, China	Hefei, China	Investment, construction, R&D, production and sales of products related to OLED display device and auxiliary products.	75.00%	0.00%	Investment
Beijing BOE Real Estate Co., Ltd.	Beijing, China	Beijing, China	Development, construction, property management and supporting service of industrial plants and supporting facilities; information consulting of real estate; lease of commercial facilities, commercial attendants and the supporting service facilities; motor vehicles public parking service.	70.00%	0.00%	Investment
Beijing BOE Marketing Co., Ltd.	Beijing, China	Beijing, China	Sales of communication equipment, hardware & software of computer and peripheral units, electronic products, equipment maintenance; development, transfer, consulting and service providing of technologies; import & export of goods and technologies, agency of import & export; manufacturing consignment of electronic products and LCD devices.	100.00%	0.00%	Investment
Yunnan	Yunnan,	Yunnan,	Development, spread, transfer, consulting	71.41%	0.00%	Investment

Chuangshijie Optoelectronics Technology Co., Ltd. ("Yunnan Chuangshijie”)	China	China	and service providing of display technology; service providing of computer software/hardware and network systems; construction, operation and management of e-commerce platforms; providing service of conferences; undertaking of exhibitions; computer animation design; production, R&D and sales of OLED micro display devices and AR/VR complete machine; storage services; project investment and corresponding management; import & export of goods and technologies; lease of houses and mechanical equipments.
Wuhan BOE Optoelectronics Technology Co., Ltd. (“Wuhan BOE”)	Hubei, China	Hubei, China	Investing, researching, manufacturing and promoting TFT-LCD products and accessory product; import & export of goods and technologies by proprietary trading or agency(excluding goods and technologies restricted by state or import & export prohibited); management consulting and service of company; lease of houses and mechanical equipments (excluding special approval).	27.12%	0.00%	Business combination not under the same control
Beijing BOE Yiyun Science &Technology Co., Ltd. (“Yiyun Technology”)	Beijing, China	Beijing, China	Technology development, technology transfer, technical consulting, technical services; technology intermediary services: data processing and store service (excluding bank card center in data processing, PUE over 1.5 in cloud computing data center); information system integration; basic software services; application software services; software development; sales of hardware & software of computer and auxiliary equipment, electronic products, hardware &electric material (excluding electric bicycle), photographic equipment, household appliances, arts and crafts, sports products, daily necessities, clothes, furniture, ceramics, wood products, metalware, lanterns, glass products, paper products, stationery, cosmetics; import & export of goods; maintenance of computer and auxiliary equipment, household electronic products; lease of mechanical	97.98%	0.00%	Business combination not under the same control

			equipment; conference service; undertaking display and exhibition activities; advertisement designing, producing, agency and publishing; literary and artistic creation; organizing exchange activity of culture and art (excluding performance); identification of artware; operation of sports projects (excluding high-risk sports); ticket agency; internet information service; retail of publication; auction business; road freight transportation.
Mianyang BOE Optoelectronics Technology Co., Ltd. (“Mianyang BOE”)	Sichuan, China	Sichuan, China	Production of display panel for high-end smart phones, folding laptops etc. and R&D, production and sales of modules.	66.67%	0.00%	Business combination not under the same control
Chongqing BOE Display Technology Co., Ltd. (“Chongqing BOE Display”)	Chongqing, China	Chongqing, China	Research, development, manufacture and sales of semiconductor display devices, machine and relevant products, import and export of goods and technical consulting(excluding goods and technologies restricted by state or import & export prohibited); development, transfer, consulting, service in related fields of display devices and module, other electronic components, and display devices and electronic products (excluding electronic publications); company management consulting; property management (excluding A quality property management); lease of houses and mechanical equipments.	38.46%	0.00%	Business combination not under the same control
Beijing BOE Senor Technology Co., Ltd. (“Senor Technology”)	Beijing, China	Beijing, China	Development, testing, consulting, service and transfer of technologies in X-ray sensors, micro fluidic chips, biochemical chips, gene chips, security sensors, microwave antenna, biological sensors, internet of things, and modules, systems and equipment of other semiconducting sensors.	100.00%	0.00%	Investment
Fuzhou BOE Display Technology Co., Ltd.	Fuzhou, China	Fuzhou, China	Research, development, manufacture and sales of semiconductor display devices, machine and relevant products, import &export of goods and technical consulting;	43.46%	0.00%	Business combination not under the same control

			development, transfer, consulting, service in related fields of display devices and module, other electronic components, and display devices and electronic products; company management consulting; property management; lease of houses and mechanical equipments.
SESImagotagSACo.Ltd.	Nanterre, France	Nanterre, France	Supports color electronic paper, segment LCD, TFT-LCD display, covering ESL multi-frequency protocol, Wi-Fi, BLE and NFC; multiple communication methods, integrated electronic paper supply chain resources and downstream software around electronic shelf labels Platform, image recognition and big data analytics resources to create a complete solution for the retail industry.	0.00%	68.48%	Business combination not under the same control
Hefei BOE Xingyu Technology Co., Ltd	Hefei, China	Hefei, China	investment, R&D, manufacture and sale of backlight source and accessory components used in LCD screens; the R&D, production and sale of direct display screens and related parts; the investment, R&D, production and sale of products in the application of display related sensors (including inside and outside displays) and other application areas; the self-operating and agency of the import and export of various commodities and technologies (excluding the commodities and technologies which the country restricts enterprises from operating or prohibits from being imported and exported); corporate management consultancy and services; house leasing; equipment leasing; technology development, transfer and consultancy services. (For items that require approval by law, the approval from related authorities must be obtained before engagement in the business activities)	43.40%	0.00%	Investment
BOE Education Technology Co., Ltd.	Beijing, China	Beijing, China	Technology development, technology consultancy, technology services, technology transfer and technology promotion; basic software services;	100.00%	0.00%	Investment

			application software services; computer system services; the sale of stationery supplies, sports supplies, home appliances and electronic products; enterprise management; market survey; economic and trade consultancy; corporate management consultancy; education consultancy; public relations services; corporate image planning; the curation of exhibition and demonstration activities; conference services; natural science research and experiment development; engineering technology research and experiment development; agricultural science research and experiment development; medical research and experiment development; copyright agency; arts and crafts creation services. (The enterprise shall independently select the business items to engage in the business activities; for items that require approval by law, the approval from related authorities must be obtained before engagement in the business activities; the enterprise shall not engage in the business activities that are prohibited and restricted by the city’s industrial policies.)
Oriental Chengqi (Beijing) Business Technology Co., Ltd.	Beijing, China	Beijing, China	Technology development and technology services; application software services; basic software services; the sale of daily supplies, fresh fruits, fresh vegetables, primary edible agricultural products, home appliances, electronic products and sports supplies; trade agency; translation services; conference services; the organization of culture and art exchange activities (excluding performances); the curation of exhibition and demonstration activities; the design, production, agency and release of advertisements; corporate management; market survey; real estate information consultancy; warehousing services; public relations services; health management and health consultation (excluding treatment	100.00%	0.00%	Investment

			and therapy activities that require approval); ticket agency; proxy hotel reservation; air ticket sales agency; train ticket agency services; tourism consultancy; hotel management; vehicle renting; property management; motor vehicles public parking services; landscaping management; cleaning services; the import and export of goods, agency and technologies; automotive decoration; sports operations (excluding high-risk sports); accommodation (to be operated by branches only); catering services (to be operated by branches only); beauty and hairdressing services (to be operated by branches only); medical services (to be operated by branches only); domestic services (to be operated by branches only); inbound tourism; the sale of food; internet information services. (The enterprise shall independently select the business items to engage in the business activities; for inbound tourism, the sale of food, internet information services and the items that require approval by law, the approval from related authorities must be obtained before engagement in the business activities; the enterprise shall not engage in the business activities that are prohibited and restricted by the city’s industrial policies.)
BOE Innovation Investment Co., Ltd.	Beijing, China	Beijing, China	Project investment; investment management. (“1. Public fundraising is not allowed unless approved by relevant authorities; engagement in the trading of securities products and financial derivatives publicly is not allowed; 3. the issue of loans is not allowed; 4. the provision of guarantee to other enterprises than the investees is not allowed; 5. the commitment of no loss of investment principals or of minimum returns to investors is not allowed”; (The enterprise shall independently select the business items to engage in the business activities; for items that require approval by	100.00%	0.00%	Investment

			law, the approval from related authorities must be obtained before engagement in the business activities; the enterprise shall not engage in the business activities that are prohibited and restricted by the city’s industrial policies.))
Qingdao BOE Oriental Intelligent System Innovation Center Co., Ltd.	Qingdao, China	Qingdao, China	R&D and sale of electronic products, communication devices, electronic computer software and hardware; the design and sale of mechanical equipment, electrical equipment, hardware and electric materials, construction materials, paper products, molds, decoration materials, medical devices, lamps, daily supplies and furniture; technology development, technology consultancy, technology services, technology transfer and technology promotion; computer data processing services; computer software and information technology services; computer system integration services; internet information services; real estate agency services; parking services; conference, exhibition and demonstration services; stage performance lighting services; human resource services (excluding labor dispatch and foreign labor cooperation businesses); accommodation services; project management; property management; catering management (excluding catering production); entrepreneurship incubator operation management; hotel management; corporate management consultancy (of the aforementioned scope, engagement in such financial businesses as absorption of deposits, financing guarantee and proxy wealth management is not allowed without the approval of financial regulatory authorities); engineering technology consultancy; real estate information consultancy; market survey; house leasing; landscaping project design; software development; valued-added telecommunication businesses; sports	100%	0.00%	Investment

			operation (excluding high-risk sports) (excluding crossbow in operating shooting ranges); the curation of exhibition and demonstration activities; the design, production, agency and release of advertisements; the subcontracting of construction labor; the import and export of goods and technologies; the operation of other general business items that do not require administrative approval. (For items that require approval by law, the approval from related authorities must be obtained before engagement in the business activities)
BOE Intelligence Technology Co., Ltd.	Beijing, China	Beijing, China	Information system integration services; technology development, technology consultancy, technology transfer, technology promotion and technology services; software development; internet data services (excluding data centers); information processing and storage support services (excluding data centers); computer system integration; the sale of electronic products, communication devices, computers, software and accessory equipment, mechanical equipment, electrical equipment, hardware and electric materials (excluding electric bikes), construction materials, paper products, molds, decoration materials, Class I and II medical devices, lamps, daily supplies and furniture; engagement in real estate agency; real estate information consultancy; motor vehicles public parking services; stage lighting and acoustic design; conference services; the curation of exhibition and demonstration activities; project management; property management; catering management; corporate management; hotel management; corporate management consultancy; engineering consultancy; market survey; the leasing of office buildings (excluding industrial land and aboveground houses; excluding	100.00%	0.00%	Investment

Explanations that the shareholding percentage is different from the voting right percentage in subsidiaries: NoneBasis for the control over the investees with half or less voting right and for not controlling the investees with over half voting right:

The Company and the shareholder of Hefei Display, Hefei Core Screen Industrial Investment Fund (Limited Partnership) signed aconcerted action agreement on 30 November 2016, Hefei Core Screen Industrial Investment Fund (Limited Partnership) agreed to actas a concerted action according to the wishes of the Company, and exercised the voting rights unconditionally and irrevocably inaccordance with the opinions of the Company. Therefore, the Company’s voting right ratio to Hefei is 71.67%.The Company and shareholder of Wuhan BOE, Wuhan Airport Economic Development Zone Industrial Development InvestmentGroup Co., Ltd. signed a concerted action agreement on December 25, 2018. Wuhan Airport Economic Development Zone IndustrialDevelopment Investment Group Co., Ltd. agreed to follow the Company's will to act as a concerted action, unconditionally andirrevocably exercising voting rights in accordance with the opinions of the company, the voting rights of the Company to WuhanBOE is 61.95%.The Company and shareholders of Chongqing BOE Display, Chongqing Strategic Emerging Industry Equity Investment FundPartnership (Limited Partnership) and Chongqing Yuzi Optoelectronics Industry Investment Co., Ltd. signed a concerted actionagreement on December 25, 2018. Chongqing Strategic Emerging Industry Equity Investment Fund Partnership (Limited Partnership)and Chongqing Yuzi Optoelectronics Industry Investment Co., Ltd. agreed to act as a concerted action according to the will of theCompany, and exercise the voting rights unconditionally and irrevocably in accordance with the opinions of the Company. Therefore,

the proportion of voting rights displayed by the Company on Chongqing BOE is 100%.The Company and Shareholder of Fuzhou BOE Display, Fuqing City Invested-Construction Investment Group Co., Ltd and FuzhouUrban Construction Investment Group Co., Ltd signed a concerted action agreement on 21 January 2019. Fuqing CityInvested-Construction Investment Group Co., Ltd and Fuzhou Urban Construction Investment Group Co., Ltd agreed to act as aconcerted action according to the will of the Company, and exercise the voting rights unconditionally and irrevocably in accordancewith the opinions of the Company. Therefore, the proportion of voting rights displayed by the Company on Fuzhou BOE Display is100%.The Company has taken over half seats in the high authority, the Board of Directors of Hefei BOE Xingyu Technology Co., Ltd., andthus the Company can implement control to Hefei BOE Xingyu Technology Co., Ltd..

Basis for the control over the significant structured entities included in the scope of combination: NoneBasis for the determining the Company as the agent or the trustor: NoneOther notes: None

(2) Significant Not Wholly-owned Subsidiary

Unit: RMB

Name	Shareholding proportion of non-controlling interests	The profit or loss attributable to non-controlling interests	Declaring dividends distributed to non-controlling interests	Ending balance of non-controlling interests
Hefei BOE Display Technology Co., Ltd.	91.67%	-694,264,443.00	0.00	18,665,704,784.00
Mianyang BOE Optoelectronics Technology Co., Ltd.	33.33%	-62,365,481.00	0.00	7,803,014,818.00
Wuhan BOE Optoelectronics Technology Co., Ltd.	72.88%	-155,858,122.00	0.00	14,516,083,357.00

Notes that the shareholding percentage is different from the voting right percentage of non-controlling shareholders in subsidiaries: NoneOther notes: None

(3) The Main Financial Information of Significant Not Wholly-owned Subsidiary

Unit: RMB

Name	Ending balance
	Current assets	Non-current assets	Total assets	Current liabilities	Non-current liability	Total liabilities
Hefei BOE Display Technology Co., Ltd.	12,865,482,020.00	31,096,889,237.00	43,962,371,257.00	8,987,521,425.00	14,613,003,226.00	23,600,524,651.00
Mianyang BOE Optoelectronics Technology Co., Ltd.	5,142,795,613.00	44,238,415,510.00	49,381,211,123.00	6,516,759,596.00	19,453,065,934.00	25,969,825,530.00
Wuhan BOE Optoelectronics Technology Co., Ltd.	4,758,005,652.00	30,537,641,400.00	35,295,647,052.00	5,005,227,612.00	10,372,632,177.00	15,377,859,789.00

Unit: RMB

Name	Beginning balance
	Current assets	Non-current assets	Total assets	Current liabilities	Non-current liability	Total liabilities
Hefei BOE Display Technology Co., Ltd.	11,633,732,300.00	33,264,338,502.00	44,898,070,802.00	9,069,027,029.00	14,709,845,314.00	23,778,872,343.00
Mianyang BOE Optoelectronics Technology Co., Ltd.	3,644,261,703.00	40,476,961,430.00	44,121,223,133.00	5,697,178,611.00	17,405,543,776.00	23,102,722,387.00
Wuhan BOE Optoelectronics Technology Co., Ltd.	3,684,026,094.00	27,439,008,544.00	31,123,034,638.00	5,661,729,074.00	7,429,662,481.00	13,091,391,555.00

Unit: RMB

Name	Reporting Period				Same period of last year
	Operating revenue	Net profit	Total comprehensive income	Cash flows from operating activities	Operating revenue	Net profit	Total comprehensive income	Cash flows from operating activities
Hefei BOE Display Technology Co., Ltd.	6,501,284,482.00	-757,351,852.00	-757,351,852.00	165,490,817.00	4,823,720,061.00	-524,615,124.00	-524,615,124.00	-918,417,291.00
Mianyang BOE Optoelectronic Technology Co., Ltd.	17,328,050.00	-187,115,154.00	-187,115,154.00	4,285,855.00	24,362,108.00	-116,195,855.00	-116,195,855.00	12,265,313.00
Wuhan BOE Optoelectronics Technology Co., Ltd.	53,521,966.00	-213,855,820.00	-213,855,820.00	318,356,092.00	834,354.00	-38,516,282.00	-38,516,282.00	-19,959,096.00

Other notes: None

(4) Significant Limitation on the Use of Assets and Liquidation of Debts of the CompanyNone

(5) Financial Support or Other Support Provided for Structured Entities Included in the Scope ofConsolidated Financial StatementsNoneOther notes:

None

2. The Transaction Resulting in Changes in Owner’s Equity of Subsidiary but Still Controlling theSubsidiary

(1) Explanations on Changes in Owner’s Equity of Subsidiary

The Company increased its investment in Mianyang BOE of RMB1,280,000,000.00 in February, March, April, June 2020successively; non-controlling interests increased the investment in Mianyang BOE of RMB1,300,000,000.00. The Company held

68.72% of shares in Mianyang BOE before the capital increase and 66.67% of shares after the capital increase.The Company increased its investment in Wuhan BOE of RMB1,300,000,000.00 in January, March, April, June 2020 successively;non-controlling interests increased the investment in Wuhan BOE of RMB800,000,000.00. The Company held 23.08% of shares inWuhan BOE before the capital increase and 27.12% of shares after the capital increase.The Company increased its investment in Yunnan Chuangshijie of RMB90,500,000.00 in June 2020; non-controlling interestsincreased the investment in Yunnan Chuangshijie of RMB9,500,000.00. The Company held 69.43% of shares in YunnanChuangshijie before the capital increase and 71.41% of shares after the capital increase.The Company increased its investment in Beijing BOE Yiyun Technology Co., Ltd. of RMB100,000,000.00 in March 2020. TheCompany held 95.92% of shares in Beijing BOE Yiyun Technology Co., Ltd. before the capital increase and 97.98% of shares afterthe capital increase.

(2) The Effects of the Transaction on Non-controlling Interests and Equity Attributable to Owners of theCompany as the Parent

Unit: RMB

Item	Mianyang BOE	Yunnan Chuangshijie	Wuhan BOE	Yiyun
Purchase cost/disposal consideration	1,280,000,000.00	90,500,000.00	1,300,000,000.00	100,000,000.00
--Cash	1,280,000,000.00	90,500,000.00	1,300,000,000.00	100,000,000.00
--Fair value of non-cash assets	0.00	0.00	0.00	0.00
Total of purchase cost /disposal consideration	1,280,000,000.00	90,500,000.00	1,300,000,000.00	100,000,000.00
Less: Subsidiary net assets	1,294,876,466.00	89,260,070.00	1,295,231,345.00	98,164,800.00

proportion calculated by share proportion obtained/disposal
Difference	-14,876,466.00	1,239,930.00	4,768,655.00	1,835,200.00
Of which: Adjustment of capital reserves	14,876,466.00	-1,239,930.00	-4,768,655.00	-1,835,200.00
Surplus reserves adjustments	0.00	0.00	0.00	0.00
Retained profits adjustments	0.00	0.00	0.00	0.00

Other notes: None

3. Equity in Joint Ventures or Associated Enterprises

(1) Summary Financial Information of Insignificant Joint Ventures or Associated Enterprises

Unit: RMB

Item	Ending balance/Reporting Period	Beginning balance/The same period of last year
Joint venture:	--	--
Total carrying value of investment	0.00	0.00
The total of following items according to the shareholding proportions	--	--
--Net profit	0.00	0.00
--Other comprehensive income	0.00	0.00
--Total comprehensive income	0.00	0.00
Associated enterprise:	--	--
Total carrying value of investment	3,226,236,650.00	2,718,037,934.00
The total of following items according to the shareholding proportions	--	--
--Net profit	-27,648,162.00	-16,571,961.00
--Other comprehensive income	198,406,448.00	175,947,500.00
--Total comprehensive income	170,758,286.00	159,375,539.00

Other notes: None

(2) Note to the Significant Restrictions on the Ability of Joint Ventures or Associated Enterprises toTransfer Funds to the CompanyNone

(3) The Excess Loss of Joint Ventures or Associated Enterprises

Unit: RMB

Name	The cumulative recognized losses in previous accumulatively derecognized	The derecognized losses (or the share of net profit) in Reporting Period	The accumulative unrecognized losses in Reporting Period
Hefei Xinjingyuan Electronic Materials Co., Ltd.	-17,817,673.00	-67,757.00	-17,885,430.00
Beijing Nissin Electronic Precision Components Co., Ltd.	0.00	-307,360.00	-307,360.00

Other notes: As of 30 June 2020, Hefei Xinjingyuan Electronic Materials Co., Ltd. has continuously incurred losses. Since theCompany has no obligation to undertake extra losses for it, the recognition of the share of its net losses born by the Company shall belimited to that the carrying value of long-term equity investments are reduced to zero. As of 30 June 2020, the accumulativeunrecognized investment losses are RMB17,885,430.00.As of 30 June 2020, Beijing Nissin Electronic Precision Components Co., Ltd. has incurred extra losses. Since the Company has noobligation to undertake extra losses for it, the recognition of the share of its net losses born by the Company shall be limited to thatthe carrying value of long-term equity investments are reduced to zero. As of 30 June 2020, the accumulative unrecognizedinvestment losses are RMB307,360.00.

(4) The Unrecognized Commitment Related to Investment to Joint VenturesNone

(5) Contingent Liabilities Related to Investment to Joint Ventures or Associated EnterprisesNone

4. Significant Common Operation

Name	Main operating place	Registration place	Nature of business	Proportion /share portion
				Directly	Indirectly
None

Notes to holding proportion or share portion in common operation different from voting proportion: NoneFor common operation as a single entity, basis of classifying as common operation: NoneOther notes: None

5. Equity in the Structured Entity Excluded in the Scope of Consolidated Financial StatementsNotes to the structured entity excluded in the scope of consolidated financial statements: None

6. Other

NoneX. The Risk Related to Financial InstrumentsRisks related to financial instruments in daily activities for the Group include:

- Credit risk- Liquidity risk- Interest rate risk- Foreign exchange risk- Other price risksThe risk exposure and causes, changes in this year, risk management objectives, policies and procedures, methods of measuring risksand changes in this year will be discussed below.Risk management objective of the Company is to balance the risks and profits, minimize the negative effects to business performanceand maximize the profits for stockholders and other equity investors. On the basis of risk management objectives, basic strategies ofrisk management are to determine and analyze all possible risks, establish appropriate risk baseline, control and manage risks andmonitor all risks timely and reliably within defined scope. The Group will regularly review the risk management policies and internalcontrol system to adapt to the market and changes of operating activities. The Internal Audit Department will regularly review orrandomly inspect whether implementation of internal control system satisfies risk management policies.

(1) Credit Risk

Credit risk refers to the risk of financial losses to one party of a financial instrument due to the failure of obligation performance bythe other party. The credit risk of the Group is mainly from accounts receivable. And the management will continue to monitor theexposure of these credit risks.The monetary capital of the Group except for cash is mainly deposited in financial institutions with good credit. The managementbelieves it has no material credit risks and will not cause losses to the Group due to the counterpart’s default.As for accounts receivable, the Group has worked out the credit policies based on actual situation to evaluate customers’ credit so asto decide the limit of sales on credit and credit period. The credit evaluation is conducted on the basis of a customer’s financialcondition, external rating and historical transaction records. The accounts receivable will expire within 15 to 120 days since the issuedate of account bills. The debtors of overdue accounts receivable will be required to pay off all outstanding balance before obtainingfurther credit lines. In general, the Group will not ask customers to offer any collateral.The credit risk of the Group is mainly influenced by characteristics of customers, not the industries, countries or regions they are in.Thus, the concentration of material credit risks is mainly generated from material accounts receivable of the Group from individualcustomers. On the balance sheet date, the accounts receivable of the Group and the Company from top five customers respectivelyaccount for 46.89% and0.003% (in 2019: 43% and 0.07%) of total accounts receivable of the Group and the Company. What’s more,the accounts receivable of the Group not overdue and without impairment are mainly from customers without debt records recently.The maximum credit risk exposure born by the Group is the carrying amount of each financial asset in the balance sheet. As stated inNote XII, the Group has no external guarantee that will bring credit risks to the Group as of 30 June 2020.

(2) Liquidity Risk

Liquidity risk is the risk that an enterprise will encounter difficulty in meeting obligations that are settled by delivering cash oranother financial asset. The Company and its individual subsidiaries are responsible for their own cash management, includingshort-term investment of cash surpluses and the raising of loans to cover expected cash demands (subject to approval by theCompany’s board when the borrowings exceed certain predetermined levels). The Group’s policy is to regularly monitor its liquidityrequirements and its compliance with lending covenants, to ensure that it maintains sufficient reserves of cash, readily realizablemarketable securities and adequate committed lines of funding from major financial institutions to meet its liquidity requirements inthe short and longer term.

(3) Interest Rate Risk

Interest-bearing financial instruments at variable rates and at fixed rates expose the Group to cash flow interest rate risk and fairvalue interest risk, respectively. The Group determines the appropriate weightings of the fixed and floating rate interest-bearinginstruments based on the current market conditions and performs regular reviews and monitoring to achieve an appropriate mix offixed and floating rate exposure. The Group does not enter into financial derivatives to hedge interest rate risk.As at 30 June 2020, it is estimated that a general increase/decrease of 100 basis points in interest rates of variable rate instrument,with all other variables held constant, would decrease/increase the Group’s net profit and equity by RMB383.51 million (2019:

RMB251.37 million).In respect of the exposure to cash flow interest rate risk arising from floating rate non-derivative instruments held by the Group at thebalance sheet date, the impact on the net profit and equity is estimated as an annualized impact on interest expense or income of sucha change in interest rates. The analysis is performed on the same basis for the previous year.

(4) Foreign currency risk

In respect of cash at bank and on hand, accounts receivable and payable, short-term loans and other assets and liabilities denominatedin foreign currencies other than the functional currency, the Group ensures that its net exposure is kept to an acceptable level bybuying or selling foreign currencies at spot rates when necessary to address short-term imbalances.(a)The Group’s exposure as at 30 June to currency risk arising from recognized foreign currency assets or liabilities is mainlydenominated in US dollar. The amount of the USD exposure is net liabilities exposure USD1,347,927,391 (2019 net liabilitiesexposure: USD1,791,577,868), translated into RMB9,542,651,967 (2019: RMB12,498,405,521), using the spot rate at the balancesheet date. Differences resulting from the translation of the financial statements denominated in foreign currency are excluded.(b) Assuming all other risk variables remained constant, a 5% strengthening / weakening of the Renminbi against the US dollar at 30June would have decreased / increased both the Group’s equity and net profit by the amount RMB46,658,053 (2019: RMB197,336,145).The sensitivity analysis above assumes that the change in foreign exchange rates had been applied to re-measure those financialinstruments held by the Group which expose the Group to foreign currency risk at the balance sheet date. The analysis excludesdifferences that would result from the translation of the financial statements denominated in foreign currency. The analysis isperformed on the same basis for the previous year.

(5) Other Price Risks Include Equity Price Risk, Commodity Price Risk, etc.

XI. The Disclosure of Fair Value

1. Ending Fair Value of Assets and Liabilities at Fair Value

Unit: RMB

Item	Ending fair value
	Fair value measurement items at level 1	Fair value measurement items at level 2	Fair value measurement items at level 3	Total
I. Consistent fair value measurement	--	--	--	--
(I) Trading financial assets	0.00	0.00	1,703,603,212.00	1,703,603,212.00
1. Financial assets at fair value through profit or loss	0.00	0.00	1,703,603,212.00	1,703,603,212.00
(1) Debt instruments investment	0.00	0.00	1,703,603,212.00	1,703,603,212.00
(2) Equity instruments investment	0.00	0.00	0.00	0.00
(3) Derivative financial assets	0.00	0.00	0.00	0.00
2. Financial assets assigned measured by fair value and the changes be included in the current gains and losses	0.00	0.00	0.00	0.00
(1) Debt instruments investment	0.00	0.00	0.00	0.00
(2) Equity instruments investment	0.00	0.00	0.00	0.00
(II) Investment in other debt obligations	0.00	0.00	0.00	0.00
(III) Other equity instrument investment	199,769,376.00	0.00	339,132,109.00	538,901,485.00
(IV) Investment property	0.00	0.00	0.00	0.00
1. Lease the land use right	0.00	0.00	0.00	0.00
2. Rental buildings	0.00	0.00	0.00	0.00
3. Land use right held and prepared to transfer after appreciation	0.00	0.00	0.00	0.00
(V)Biological assets	0.00	0.00	0.00	0.00
1.Consumable biological assets	0.00	0.00	0.00	0.00
2. Productive living assets	0.00	0.00	0.00	0.00
Total assets of consistent fair value measurement	0.00	0.00	0.00	0.00
(VI)Trading financial liabilities	0.00	0.00	0.00	0.00
Of which: Tradable bond issued	0.00	0.00	0.00	0.00
Derivative financial liabilities	0.00	0.00	0.00	0.00
Other	0.00	0.00	0.00	0.00
(VII) Refer as financial liabilities measured by fair value and the changes included in the current gains and losses	0.00	0.00	0.00	0.00

Total liabilities of consistent fair value measurement	0.00	0.00	0.00	0.00
II. Inconsistent fair value measurement	--	--	--	--
(I) Assets held for sale	0.00	0.00	384,047,100.00	384,047,100.00
Total assets inconsistently measured at fair value	0.00	0.00	384,047,100.00	384,047,100.00
Total liabilities inconsistently measured at fair value	0.00	0.00	0.00	0.00

2. Market Price Recognition Basis for Consistent and Inconsistent Fair Value Measurement Items at Level

The unadjusted offer in active market obtaining same assets or liabilities on the calculation date.

3. Consistent and Inconsistent Fair value Measurement Items at Level 2, Valuation Techniques Adopted,the Qualitative and Quantitative Information of Important ParametersObservable input value of related assets or liabilities except level 1 input value.

4. Consistent and Inconsistent Fair Value Measurement Items at Level 3, Valuation Techniques Adopted,the Qualitative and Quantitative Information of Important Parameters

The unobservable input value of related assets or liabilities.

5. Consistent Fair Value Measurement Items at Level 3, Adjustment between the Beginning CarryingValue and the Ending Carrying Value and Sensitivity Analysis on Unobservable ParametersNone

6. Explain the Reason for Conversion and the Policy Governing when the Conversion Happens ifConversion Happens among Consistent Fair Value Measurement Items at Different LevelNone

7. Changes in Valuation Techniques in the Reporting Period and Reasons for the Changes

None

8. Fair Value of Financial Assets and Liabilities Not Measured at Fair ValueNone

9. Other

None

XII. Connected Party and Connected Transaction

1. Information on the Company as the Parent

Name	Registration place	Nature of business	Registered capital	Proportion of share held by the Company as the parent against the Company (%)	Proportion of voting rights owned by the Company as the parent against the Company (%)
Beijing Electronics Holding Co., Ltd.	No.12 JiuxianBridge, Zhaoyang District, Beijing	Operation and management of state-owned assets within authorization	RMB2,418,350,000.00	0.79%	22.65%

Notes to the Company as the parent: NoneThe final controller of the Company is Beijing Electronics Holding Co., Ltd.Other notes: None

2. Subsidiaries of the Company

Refer to Note IX.-1 for details.

3. Information on the Joint Ventures and Associated Enterprises of the CompanyFor information of significant joint ventures or associated enterprises of the Company, please refer to Note IX-3.List of other joint ventures and associated enterprises that made connected transactions with the Company generating balance duringor before the Reporting Period:

Name	Relationship with the Company
Beijing Rishen Electronic Precision Parts Co., Ltd.	Associated enterprise of the Group and the Company
Beijing Nittan Electronic Co., Ltd.	Associated enterprise of the Group and the Company
Beijing XindongNeng Investment Management Co., Ltd.	Associated enterprise of the Group and the Company
TPV Display Technology (China) Limited	Associated enterprise of the Group and the Company
Cnoga Medical Ltd.	Associated enterprise of the Group

Other notes: None

4. Information on Other Connected Parties

Name	Relationship with the Company
Beijing BOE Investment Development Co., Ltd.	Controlled by the same ultimate holding company
Beijing NAURA Microelectronics Equipment Co., Ltd.	Controlled by the same ultimate holding company

Beijing Sevenstar NAURA Integrated Circuit Equipment Co., Ltd.	Controlled by the same ultimate holding company
Beijing Zhaowei Technology Development Co., Ltd.	Controlled by the same ultimate holding company
Beijing Zhaowei Intelligent Equipment Co., Ltd.	Controlled by the same ultimate holding company
Beijing Dongdian Industrial Development Co., Ltd.	Controlled by the same ultimate holding company
Beijing Zhengdong Electronic Power Group Co., Ltd.	Controlled by the same ultimate holding company
Beijing Yansong Trading Co., Ltd.	Controlled by the same ultimate holding company
Beijing Ether Electronics Group Co., Ltd.	Controlled by the same ultimate holding company
Beijing Electronics Holding & SK Technology Co., Ltd.	Controlled by the same ultimate holding company
Beidian Aisite (Jiangsu) Technology Co., Ltd.	Controlled by the same ultimate holding company
Beijing Zhaowei Electronics (Group) Co., Ltd.	Controlled by the same ultimate holding company
Beijing Zhaowei Self-service Equipment Technology Co., Ltd.	Controlled by the same ultimate holding company
Xin Xiang Microelectronic (Hong Kong) Co., Ltd.	Associated enterprise of the company controlled by the same ultimate holding company
Beijing Qianzhu Electronic Materials Co., Ltd.	Associated enterprise of the company controlled by the same ultimate holding company
China Unicom	Other connected party
Hefei Yisiwei Integrated Circuit Co., Ltd.	Other connected party
Chengdu Yisiwei Chip Design Co., Ltd.	Other connected party
Haining Yisiwei Integrated Circuit Design Co., Ltd.	Other connected party

Other notes: None

5. List of Connected Transactions

(1) Information on Acquisition of Goods and Reception of Labor Service

Information on acquisition of goods and reception of labor service

Unit: RMB

Connected party	Content	Reporting Period	The approval trade credit	Whether exceed trade credit or not	Same period of last year
Beijing Electronics Holding Co., Ltd and its affiliated companies	Purchase of goods	74,502,480.00	797,670,000.00	No	299,540,011.00
Beijing Electronics Holding Co., Ltd and its affiliated companies	Accepting labor service	1,836,188.00	10,750,000.00	No	1,453,989.00
Other connected party	Purchase of goods	202,163,441.00	289,990,000.00	No	0.00
Other connected party	Accepting labor	1,570,667.00	11,510,000.00	No	1,292,600.00

Information of sales of goods and provision of labor service

Unit: RMB

serviceConnected party

Connected party	Content	Reporting Period	Same period of last year
Beijing Electronics Holding Co., Ltd and its affiliated companies	Sales of goods	75,050.00	265,677.00
Beijing Electronics Holding Co., Ltd and its affiliated companies	Providing labor service	1,863,450.00	383,744.00
Other connected party	Sales of goods	16,211,639.00	315,673.00
Other connected party	Providing labor service	27,043.00	32,781.00

Notes: None

(2) Connected Trusteeship/Contract and Entrust/Contractee

Lists of connected trusteeship/contract:

Unit: RMB

Name of the entruster/contractee	Name of the entrustee/ contractor	Type	Start date	Due date	Pricing basis	Income recognized in the Reporting Period
None

Notes:

NoneLists of entrust/contractee

Unit: RMB

Name of the entruster/contractee	Name of the entrustee/ contractor	Type	Start date	Due date	Pricing basis	Income recognized in the Reporting Period
None

Notes:

None

(3) Information on Connected Lease

The Company served as the lessor:

Unit: RMB

Name of lessee

Category of leased assets

The lease income confirmed in the

The lease income confirmed in the same

		Reporting Period	period of last year
Beijing Electronics Holding Co., Ltd and its affiliated companies	Investment property	87,545.00	21,164.00
Other connected parties	Investment property	474,771.00	0.00

The Company served as the lessee:

Unit: RMB

Name of lessor	Category of leased assets	The lease income confirmed in the Reporting Period	The lease income confirmed in the Same period of last year
Beijing Electronics Holding Co., Ltd and its affiliated companies	Fixed assets	1,471,272.00	1,445,383.00

Notes to connected lease: None

(4) Connected Guarantee

The Company served as the guarantee

Unit: RMB

Secured party	Amount	Start date	Due date	Whether completely performed
None

The Company served as the secured party

Unit: RMB

Guarantee	Amount	Start date	Due date	Whether completely performed
None

Notes to connected guarantee: None

(5) Interbank Borrowing and Lending of Capital by Connected Party

Unit: RMB

Connected party	Amount	Start date	Due date	Note
Borrowings
None
Lending
None

(6) Assets Transfer and Debt Restructuring of Connected Party

Unit: RMB

Connected party	Content	Reporting Period	Same period of last year
None

(7) Remuneration for Key Management Personnel

Unit: RMB

Item	Reporting Period	Same period of last year
Remuneration for key management personnel	25,527,806.00	26,153,302.00

(8) Other Connected Transactions

None

6. Accounts Receivable and Payable of Connected Party

(1) Accounts Receivable

Unit: RMB

Item	Connected party	Ending balance		Beginning balance
		Carrying amount	Bad debt provision	Carrying amount	Bad debt provision
Accounts receivable	Beijing Electronics Holding Co., Ltd and its affiliated companies	78,138.00	0.00	186.00	0.00
Other receivables	Beijing Electronics Holding Co., Ltd and its affiliated companies	1,108,034.00	0.00	0.00	0.00
Prepayment	Beijing Electronics Holding Co., Ltd and its affiliated companies	840,736.00	0.00	1,138,910.00	0.00
Accounts receivable	Other connected parties	6,900,349.00	0.00	1,960,061.00	0.00
Other receivables	Other connected parties	5,674,947.00	0.00	603,515.00	0.00
Prepayment	Other connected parties	8,712,791.00	0.00	1,120,398.00	0.00

(2) Accounts Payable

Unit: RMB

Item	Connected party	Ending carrying balance	Beginning carrying balance
Accounts payable	Beijing Electronics Holding Co., Ltd and its affiliated companies	39,136,061.00	31,449,092.00

Other accounts payable	Beijing Electronics Holding Co., Ltd and its affiliated companies	137,685,259.00	166,320,212.00
Advances from customers	Beijing Electronics Holding Co., Ltd and its affiliated companies	12,815.00	0.00
Accounts payable	Other connected parties	70,597,799.00	46,397,950.00
Other accounts payable	Other connected parties	174,048.00	103,991.00
Advances from customers	Other connected parties	71,155.00	60,990.00
Contract liabilities	Other connected parties	270,612.00	0.00

7. Commitments of Connected Party

Signed commitments in relation to related parties on the balance sheet date that didn’t need to be presented on the balance sheet:

Item

2020

2019

Equipment purchase commitment

122,293,128.00

327,370,768.00

8. Other

None

XIII. Commitments and Contingency

1. Significant Commitments

Significant commitments on the balance sheet date

(1) Capital Commitments

The Group	30 June 2020	31 December 2019
Outward investment contract signed but not performed or not performed fully	69,227,641,185.00	59,347,872,614.00
Outward investment contract authorized but contract not signed	92,212,797,265.00	102,974,551,619.00
Total	161,440,438,450.00	162,322,424,233.00

The Company	30 June 2020	31 December 2019
Outward investment contract signed but not performed or not performed fully	38,970,491,471.00	36,732,291,172.00
Outward investment contract authorized but contract not	0.00	0.00

signedTotal

Total

38,970,491,471.00

36,732,291,172.00

(2) Operating Commitments

The Group	30 June 2020	31 December 2019
Within 1 year (including 1 year)	71,357,463.00	56,919,248.00

Over 1 year and within 2 years (including 2 years)	57,567,967.00	34,440,482.00
Over 2 years and within 3 years (including 3 years)	43,932,073.00	31,151,809.00

Over 3 years	58,856,272.00	61,129,358.00
Total	231,713,775.00	183,640,897.00

2. Contingency

(1) Significant Contingency on the Balance Sheet Date

None

(2) Explanations Should Also Be Given when there Was No Significant Contingency to Disclose

There was no significant contingency to disclose.

3. Other

NoneXIV. Events after Balance Sheet Date

1. Significant Non-adjusted Events

Unit: RMB

Item	Content	Influence number to the financial position and operating results	Reason of inability to estimate influence number
Issuance of stocks and bonds	0.00	0.00	0.00
Significant foreign investment	0.00	0.00	0.00
Significant debt restructuring	0.00	0.00	0.00
Natural disaster	0.00	0.00	0.00
Significant changes of foreign exchange rate	0.00	0.00	0.00

2. Profit Distribution

Unit: RMB

Profits or dividends planned to distribute	0.00
Reviewed and approved profits or dividends declared to distribute	0.00

3. Sales Return

None

4. Notes to Other Events after Balance Sheet Date

None

XV. Other Significant Events

1. Assets Replacement

(1) Replacement of Non-monetary Assets

None

(2) Replacement of Other Assets

None

2. Pension Plans

In order to ensure and improve the living standards of BOE retirees and put in place a multi-layer old-age security system and along-term talent retaining mechanism, as per China’s relevant policies and regulations, BOE has established the annuity programmesince January 2014. The annuity fund consists of the contributions by the Company (paid as per the government’s regulationsaccording to the applicable taxation policy), the contributions by employees (deducted by the Company from their salaries accordingto the applicable taxation policy) and the returns on investment by the fund (operated by the relevant government departmentaccording to the investment principle of high security and moderate income). Currently, the Company pays 5% of an employee’sannuity contribution to the fund. 3,869 employees have so far participated in the annuity programme with an accumulative net assetvalue of RMB247.96 million and an average annualized rate of return of 5.64%.

3. Segment Information

(1) Recognition Basis and Accounting Policies of Reportable Segment

The Group principal decision-makers review the operation performance and distribute resources in accordance to the businesssegments below.(a) Display and Sensor Devices — This business mainly leading the innovation and development of TFT-LCD technologies, has been

committed to speeding up the development of AMOLED, flexible display, VR/AR and other new display devices and sensors,promoting the development of gene sequencing, molecular antenna, multi-sign sensor, photoelectric sensing, fingerprintidentification and security, and upgrading information exchange ports and related sensors on the basis of the display, so as to offerbetter products and services in smart phones, tablet PCs, laptops, displays, televisions, industrial control, health care, VR/AR andother applications.(b) Smart systems — This business mainly expanding its business in digital art exhibition, supermarket retailing services, financialretailing services, smart equipment design and manufacturing services, photovoltaic facilities construction and operation &maintenance, vehicle-based display and Internet of Vehicles (IoV). It provides smart solutions for smart retailing, smart manufacturingservices, smart energy and smart Internet of Vehicles.(c) Healthcare service — This business mainly accumulate the display, sensor, artificial intelligence and large data four years coretechnology and medicine, life science combination, the integration of medical innovation, build, including artificial intelligence, lifedata detection, cell engineering, medical technology innovation transformation And other innovative technology platform, focusingon the development of mobile health, digital hospitals, regenerative medicine and health park four business, for human health toprovide intelligent port products and professional services.(d) Others — Other service mainly includes technical development service and patent maintenance service.The main reason to separate the segments is that the Group independently manages the port devices business, the smart IoT business,and healthcare service businesses and other businesses. Because the business segments manufacture and distribute different products,apply different manufacturing processes and specifies in gross profit, the business segments are managed independently. Themanagement evaluates the performance and allocates resources according to the profit of each business segment and does not takefinancing cost and investment income into account

(2) Accounting policy for the measurements of segment profit or loss, assets and liabilities

For the purposes of assessing segment performance and allocating resources between segments, the Group’s management regularlyreviews the assets, liabilities, revenue, expenses and financial performance, attributable to each reportable segment on the followingbases:

Segment assets include all tangible, intangible, other non-current and current assets, such as accounts receivable, with the exceptionof deferred tax assets and other unallocated corporate assets. Segment liabilities include payables, bank borrowings and otherlong-term liabilities attributable to the individual segments, but exclude deferred tax liabilities and other unallocated corporateliabilities.Financial performance is operating income (including operating income from external customers and inter-segment operating income)after deducting expenses, depreciation, amortization, impairment losses, gains or losses from changes in fair value, investment gain,non-operating income and expenses and income tax expenses attributable to the individual segments. The transfer pricing ofinter-segment sales are determined with reference to prices charged to external parties for similar orders.

(2) The Financial Information of Reportable Segment

Unit: RMB

Item	Display and Sensor Devices	Smart systems	Healthcare service	Others	Offset among segments	Total
Operation revenue	56,368,855,803.00	7,792,957,007.00	704,620,573.00	1,460,813,017.00	-5,460,172,894.00	60,867,073,506.00
Cost of	48,601,770,494.00	6,777,065,805.00	337,144,313.00	11,531,544.00	-4,457,921,047.00	51,269,591,109.00

(3) If there Was no Reportable Segment, or the Total Amount of Assets and Liabilities of Each ReportableSegment Could not Be Reported, Relevant Reasons Shall Be Clearly StatedNone

(4) Other Notes

None

4. Other

None

XVI. Notes of Main Items in the Financial Statements of the Company as the Parent

1. Accounts Receivable

(1) Accounts Receivable Disclosed by Category

Unit: RMB

Category	Ending balance					Beginning balance
	Carrying amount		Bad debt provision		Carrying value	Carrying amount		Bad debt provision		Carrying value
	Amount	Proportion	Amount	Withdrawal proportion		Amount	Proportion	Amount	Withdrawal proportion
Accounts receivable for which bad debt provision accrued separately	665,631,956.00	14.74%	20,262,337.00	3.04%	645,369,619.00	665,631,956.00	14.22%	20,262,337.00	3.04%	645,369,619.00
Of which:
Accounts receivable for which bad debt provision accrued by group	3,850,210,613.00	85.26%	3,410.00	0.0001%	3,850,207,203.00	4,014,137,780.00	85.78%	1,763.00	0.00004%	4,014,136,017.00
Of which:
Total	4,515,842,569.00	100.00%	20,265,747.00	0.45%	4,495,576,822.00	4,679,769,736.00	100.00%	20,264,100.00	0.43%	4,659,505,636.00

Bad Debt Provision Withdrawn Separately:

Unit: RMB

Name	Ending balance
	Carrying amount	Bad debt provision	Withdrawal proportion	Reason for withdrawal
None
Total			--	--

Bad Debt Provision Withdrawn by Group:

Unit: RMB

Name	Ending balance
	Carrying amount	Bad debt provision	Withdrawal proportion
Portfolio of credit risk	4,515,842,569.00	20,265,747.00	0.45%
Total	4,515,842,569.00	20,265,747.00	--

Notes of the basis of recognizing the group:

NonePlease refer to the relevant information of disclosure of bad debt provision of other accounts receivable if adopting the general modeof expected credit loss to withdraw bad debt provision of notes receivable.

√Applicable □ Not applicable

?	?	2020
?	?	Carrying amount			?	Bad debt provision			?	?
Category	?	Amount	?	Proportion (%)	?	Amount	?	Proportion (%)	?	Carrying value
Accounts receivable for which bad debt provision accrued separately	?	?	?	?	?	?	?	?	?	?
-Customers with high credit risk	?	5,283,008	?	0.12%	?	5,283,008	?	100.00%	?	0.00
--Customers with low credit risk	?	660,348,948	?	14.62%	?	14,979,329	?	2.27%	?	645,369,619
Accounts receivable for which bad debt provision accrued by group	?	?	?	?	?	?	?	?	?	?
Customers with medium credit risk	?	3,850,210,613	?	85.26%	?	3,410	?	0.0001%	?	3,850,207,203
Total	?	4,515,842,569	?	100.00%	?	20,265,747	?	0.45%	?	4,495,576,822

Disclosure by aging

Unit: RMB

Aging	Ending balance
Within 1 year (including 1 year)	4,477,437,946.00
1 to 2 years	21,008,656.00
2 to 3 years	0.00
Over 3 years	17,395,967.00
Total	4,515,842,569.00

(2) Bad Debt Provision Withdrawn, Reversed or Recovered in the Reporting PeriodInformation of withdrawal of bad debt provision:

Unit: RMB

Category	Beginning balance	Changes in the Reporting Period				Ending balance
		Withdrawal	Reversal or recovery	Write-off	Other
Bad debt of accounts receivable	20,264,100.00	1,870.00	223.00	0.00	0.00	20,265,747.00
Total	20,264,100.00	1,870.00	223.00	0.00	0.00	20,265,747.00

Of which bad debt provision reversed or recovered with significant amount:

Unit: RMB

Name of entity	Amount reversed or recovered	Way of recovery
None

(3) Accounts Receivable with Actual Verification during the Reporting Period

Unit: RMB

Item	Amount
None

Of which the verification of significant accounts receivable:

Unit: RMB

Name of entity	Nature	Amount verified	Reason for verification	Verification procedures performed	Whether generated from connected transactions
None

Notes:

None

(4) Top 5 Accounts Receivable in Ending Balance Collected according to the Arrears PartyThe total amount of top 5 accounts receivable in ending balance was RMB 4,124,145,866.00, accounting 91.32% in ending balanceof accounts receivable without withdrawing bad debt by evaluation.

(5) Accounts Receivable Derecognized Due to the Transfer of Financial AssetsNone

(6) The Amount of the Assets and Liabilities Formed by the Transfer and the Continued Involvement ofAccounts ReceivableNoneOther notes:

None

2. Other Accounts Receivable

Unit: RMB

Item	Ending balance	Beginning balance
Interest receivable	7,470,410.00	11,884,080.00
Dividend receivable	701,842,137.00	941,634,611.00
Other accounts receivable	6,987,845,331.00	3,873,879,403.00
Total	7,697,157,878.00	4,827,398,094.00

(1) Interest Receivable

1) Category of Interest Receivable

Unit: RMB

Item	Ending balance	Beginning balance
Fixed time deposit	7,470,410.00	11,884,080.00
Entrusted loan	0.00	0.00
Bond investment	0.00	0.00
Total	7,470,410.00	11,884,080.00

2) Significant Overdue Interest

Borrower	Ending balance	Overdue time	Reason	Whether occurred impairment and its judgment basis
None

Other notes:

None

3) Information of Withdrawal of Bad Debt Provision

□ Applicable √ Not applicable

(2) Dividend Receivable

1) Category of Dividend Receivable

Unit: RMB

Item(or investee)	Ending balance	Beginning balance
Beijing Yinghe Century Co., Ltd.	0.00	572,694,778.00
Beijing BOE Display Technology Co., Ltd.	300,000,000.00	0.00
Hefei BOE Optoelectronics Technology Co., Ltd.	400,000,000.00	350,000,000.00
Beijing Electronic City Co., Ltd.	1,842,137.00	18,939,833.00
Total	701,842,137.00	941,634,611.00

2) Significant Dividend Receivable Aging Over One Year

Unit: RMB

Item(or investee)	Ending balance	Aging	Unrecovered reason	Whether occurred impairment and its judgment basis
None

3) Information of Withdrawal of Bad Debt Provision

□ Applicable √ Not applicable

Other notes: None

(3) Other Accounts Receivable

1) Other Account Receivable Classified by Account Nature

Unit: RMB

Nature	Ending carrying amount	Beginning carrying amount
Intercourse funds	7,013,540,726.00	3,889,330,494.00
Other	21,562,253.00	29,149,125.00
Total	7,035,102,979.00	3,918,479,619.00

2) Withdrawal of Bad Debt Provision

Unit: RMB

Bad debt provision	First stage	Second stage	Third stage	Total
	Expected credit loss of	Expected loss in the	Expected loss in the

	the next 12 months	duration (credit impairment not occurred)	duration (credit impairment occurred)
Balance of 1 January 2020	0.00	0.00	44,600,216.00	44,600,216.00
Balance of 1 January 2020 in the Current Period	——	——	——	——
--Transfer to Second stage	0.00	0.00	0.00	0.00
-- Transfer to Third stage	0.00	0.00	0.00	0.00
-- Reverse to Second stage	0.00	0.00	0.00	0.00
-- Reverse to First stage	0.00	0.00	0.00	0.00
Withdrawal of the current period	0.00	0.00	2,657,432.00	2,657,432.00
Reversal of the current period	0.00	0.00	0.00	0.00
Write-offs of the current period	0.00	0.00	0.00	0.00
Verification of the current period	0.00	0.00	0.00	0.00
Other changes	0.00	0.00	0.00	0.00
Balance of 30 June 2020	0.00	0.00	47,257,648.00	47,257,648.00

Changes of carrying amount with significant amount changed of loss provision in the current period

□ Applicable √ Not applicable

Disclosure by aging

Unit: RMB

Aging	Ending balance
Within 1 year (including 1 year）	6,849,592,471.00
1 to 2 years	68,505,340.00
2 to 3 years	61,770,444.00
Over 3 years	55,234,724.00
Total	7,035,102,979.00

3) Bad Debt Provision Withdrawn, Reversed or Recovered in the Reporting PeriodInformation of withdrawal of bad debt provision:

Unit: RMB

Category	Beginning balance	Changes in the Reporting Period				Ending balance
		Withdrawal	Reversal or recovery	Write-off	Other
Individual assessment	44,600,216.00	2,657,432.00	0.00	0.00	0.00	47,257,648.00

Total

44,600,216.00

2,657,432.00

0.00

0.00

0.00

47,257,648.00

Of which bad debt provision reversed or recovered with significant amount:

Unit: RMB

Name of entity	Amount reversed or recovered	Way of recovery
None

4) Other Accounts Receivable with Actual Verification during the Reporting Period

Unit: RMB

Item	Amount
None

Of which the verification of significant other accounts receivable:

Unit: RMB

Name of entity	Nature	Amount verified	Reason for verification	Verification procedures performed	Whether generated from connected transactions
None

Notes:None

5) Top 5 Other Accounts Receivable in Ending Balance Collected according to the Arrears PartyThe total of top 5 other accounts receivable in ending balance was RMB6,837,271,083.00 of which nature was mainly the equitytransfer and cash deposit.

6) Accounts Receivable Involving Government Grants

Unit: RMB

Name of entity	Project of government grants	Ending balance	Ending aging	Estimated recovering time, amount and basis
None

7) Other Accounts Receivable Derecognized Due to the Transfer of Financial Assets

None

8) Amount of Assets and Liabilities Due to the Transfer of Other Account Receivable and ContinuedInvolvementNoneOther notes:

None

3. Long-term Equity Investment

Unit: RMB

Item	Ending balance			Beginning balance
	Carrying amount	Depreciation reserve	Carrying value	Carrying amount	Depreciation reserve	Carrying value
Investment to subsidiaries	163,324,306,452.00	92,000,000.00	163,232,306,452.00	157,203,548,708.00	92,000,000.00	157,111,548,708.00
Investment to joint ventures and associated enterprises	2,643,485,633.00	0.00	2,643,485,633.00	2,278,316,052.00	0.00	2,278,316,052.00
Total	165,967,792,085.00	92,000,000.00	165,875,792,085.00	159,481,864,760.00	92,000,000.00	159,389,864,760.00

(1) Investment to Subsidiaries

Unit: RMB

Investee	Beginning balance (carrying value)	Increase/decrease				Ending balance (carrying value)	Ending balance of depreciation reserve
		Additional investment	Reduced investment	Withdrawal of depreciation reserve	Other
Beijing BOE Semiconductor Co., Ltd.	9,450,000.00	0.00	0.00	0.00	0.00	9,450,000.00	0.00
Beijing Yinghe Century Co., Ltd.	333,037,433.00	0.00	0.00	0.00	0.00	333,037,433.00	0.00
Beijing BOE Land Co., Ltd.	7,731,474.00	0.00	0.00	0.00	0.00	7,731,474.00	0.00
BOE (Hebei) Mobile Technology Co., Ltd.	1,353,651,020.00	0.00	0.00	0.00	0.00	1,353,651,020.00	0.00
BOE Hyundai LCD (Beijing) Display Technology Co., Ltd.	31,038,525.00	0.00	0.00	0.00	0.00	31,038,525.00	0.00
Beijing BOE Vacuum Electronics Co., Ltd.	19,250,000.00	0.00	0.00	0.00	0.00	19,250,000.00	0.00

Beijing BOE Vacuum Technology Co., Ltd.	0.00	0.00	0.00	0.00	0.00	0.00	32,000,000.00
Beijing BOE Optoelectronics Technology Co., Ltd.	4,172,288,084.00	0.00	0.00	0.00	0.00	4,172,288,084.00	0.00
Beijing BOE Special Display Technology Co., Ltd.	40,000,000.00	0.00	0.00	0.00	0.00	40,000,000.00	60,000,000.00
BOE Optoelectronics Technology Co., Ltd.	658,961,914.00	0.00	0.00	0.00	0.00	658,961,914.00	0.00
BOE Marketing Co., Ltd.	30,500,000.00	0.00	0.00	0.00	0.00	30,500,000.00	0.00
Chengdu BOE Optoelectronics Technology Co., Ltd.	22,703,149,991.00	800,000,000.00	0.00	0.00	0.00	23,503,149,991.00	0.00
Beijing Asahi Electronic Material Co., Ltd.	30,888,470.00	0.00	0.00	0.00	0.00	30,888,470.00	0.00
BOE KOREA Co., Ltd.	788,450.00	0.00	0.00	0.00	0.00	788,450.00	0.00
BOE Optoelectronics Holding Co., Ltd.	2,768,662,024.00	396,118,744.00	0.00	0.00	0.00	3,164,780,768.00	0.00
Beijing BOE Display Technology Co., Ltd.	17,418,713,599.00	0.00	0.00	0.00	0.00	17,418,713,599.00	0.00
Beijing BOE Energy Technology Co., Ltd.	850,000,000.00	0.00	0.00	0.00	0.00	850,000,000.00	0.00
Beijing BOE Multimedia Technology Co. Ltd.	400,000,000.00	0.00	0.00	0.00	0.00	400,000,000.00	0.00
Hefei BOE Optoelectronics Technology Co., Ltd.	9,000,000,000.00	0.00	0.00	0.00	0.00	9,000,000,000.00	0.00
Beijing?Matsushita Color CRT Co., Ltd.	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Beijing BOE Video Technology Co., Ltd.	3,865,344,500.00	50,000,000.00	0.00	0.00	0.00	3,915,344,500.00	0.00
Beijing BOE Life Technology Co., Ltd.	10,000,000.00	0.00	0.00	0.00	0.00	10,000,000.00	0.00
Beijing Zhongxiangying Technology Co., Ltd.	10,000,000.00	40,000,000.00	0.00	0.00	0.00	50,000,000.00	0.00
Ordos Yuansheng Optoelectronics Co., Ltd.	11,804,000,000.00	0.00	0.00	0.00	0.00	11,804,000,000.00	0.00
Hefei Xinsheng Optoelectronics Technology	20,082,979,185.00	0.00	0.00	0.00	0.00	20,082,979,185.00	0.00

Co., Ltd.
Chongqing BOE Optoelectronics Technology Co., Ltd.	19,565,354,599.00	0.00	0.00	0.00	0.00	19,565,354,599.00	0.00
Hefei BOE Display Technology Co., Ltd.	1,998,765,323.00	0.00	0.00	0.00	0.00	1,998,765,323.00	0.00
Fuzhou BOE Optoelectronics Technology Co., Ltd.	14,300,042,079.00	0.00	0.00	0.00	0.00	14,300,042,079.00	0.00
BOE Healthcare Co., Ltd.	2,953,154,069.00	875,000,000.00	0.00	0.00	0.00	3,828,154,069.00	0.00
BOE smart IOT Technology Co., Ltd	90,670,000.00	30,000,000.00	0.00	0.00	0.00	120,670,000.00	0.00
Hefei BOE Zhuoyin Technology Co., Ltd.	600,000,000.00	0.00	0.00	0.00	0.00	600,000,000.00	0.00
Beijing BOE Technology Development Co., Ltd.	1,000,000.00	0.00	0.00	0.00	0.00	1,000,000.00	0.00
Yunnan Chuangshijie Optoelectronics Technology Co., Ltd.	670,000,000.00	90,500,000.00	0.00	0.00	0.00	760,500,000.00	0.00
Beijing BOE Sensor Technology Co., Ltd.	50,000,000.00	0.00	0.00	0.00	0.00	50,000,000.00	0.00
Mianyang BOE Optoelectronics Technology Co., Ltd.	14,696,980,083.00	1,280,000,000.00	0.00	0.00	0.00	15,976,980,083.00	0.00
Wuhan BOE Optoelectronics Technology Co., Ltd.	4,164,560,516.00	1,300,000,000.00	0.00	0.00	0.00	5,464,560,516.00	0.00
Beijing BOE Yiyun Technology Co., Ltd.	90,000,000.00	100,000,000.00	0.00	0.00	0.00	190,000,000.00	0.00
Chongqing BOE Display Technology Co., Ltd.	2,308,857,370.00	750,000,000.00	0.00	0.00	0.00	3,058,857,370.00	0.00
Fuzhou BOE Display Technology Co., Ltd.	21,730,000.00	0.00	0.00	0.00	0.00	21,730,000.00	0.00
Hefei BOE Xingyu Technology Co., Ltd.	0.00	219,139,000.00	0.00	0.00	0.00	219,139,000.00	0.00
BOE Innovation Investment Co., Ltd.	0.00	167,000,000.00	0.00	0.00	0.00	167,000,000.00	0.00
BOE Education Technology Co., Ltd.	0.00	15,000,000.00	0.00	0.00	0.00	15,000,000.00	0.00

Oriental Chengqi (Beijing) Business Technology Co., Ltd.	0.00	8,000,000.00	0.00	0.00	0.00	8,000,000.00	0.00
Total	157,111,548,708.00	6,120,757,744.00	0.00	0.00	0.00	163,232,306,452.00	92,000,000.00

(2) Investment to Joint Ventures and Associated Enterprises

Unit: RMB

The investor	Beginning balance (carrying value)	Increase/decrease								Ending balance (carrying value)	Ending balance for impairment provisions
		Additional investments	Reduced investments	Profit and loss on investments confirmed according to equity law	Adjustment of other comprehensive income	Changes in other equity	Cash, dividends and profits declared to issue	Impairment provisions	Other
I. Joint ventures
Subtotal	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
II. Associated enterprises
Beijing Nissin Electronics Precision Component Co., Ltd. (Nissin Electronics )	483,248.00	0.00	0.00	-483,248.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Beijing Nittan Electronic Co., Ltd.(Nittan Electronics)	64,808,755.00	0.00	0.00	1,373,946.00	0.00	0.00	0.00	0.00	0.00	66,182,701.00	0.00
Beijing Yingfei Hailin Venture Capital Management Co.,	663,215.00	0.00	0.00	-259,201.00	0.00	0.00	0.00	0.00	0.00	404,014.00	0.00

Ltd.(Yingfei Hailin)
Ordos BOE Energy Investment Co., Ltd. (BOE Energy Investment)	9,348,226.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	9,348,226.00	0.00
Beijing Fly Hailin Investment Center	74,384,952.00	0.00	0.00	-3,926,997.00	5,702,456.00	-877,087.00	0.00	0.00	0.00	75,283,324.00	0.00
TPV Display Technology (China) Limited	24,545,664.00	0.00	0.00	1,441,187.00	0.00	0.00	0.00	0.00	0.00	25,986,851.00	0.00
Beijing XindongNeng Investment Fund (LLP)	1,944,514,849.00	0.00	2,871,711.00	-5,738,396.00	192,703,992.00	0.00	0.00	0.00	0.00	2,128,608,734.00	0.00
Beijing XindongNeng Investment Management Co., Ltd.	7,410,061.00	0.00	0.00	804,053.00	0.00	0.00	-2,000,000.00	0.00	0.00	6,214,114.00	0.00
Shenzhen Yunyinggu Technology Co., Ltd.	12,715,084.00	0.00	0.00	-2,156,195.00	0.00	546,330.00	0.00	0.00	0.00	11,105,219.00	0.00
Beijing XLOONG Technology Co., Ltd.	22,237,044.00	0.00	0.00	-2,237,770.00	0.00	0.00	0.00	0.00	0.00	19,999,274.00	0.00
Beijing Innovation Industry Investment Co., Ltd.	100,363,345.00	100,000,000.00	0.00	465,947.00	0.00	0.00	0.00	0.00	0.00	200,829,292.00	0.00
Beijing Electronic Control Industry Investment Co., Ltd.	16,841,609.00	83,000,000.00	0.00	-317,725.00	0.00	0.00	0.00	0.00	0.00	99,523,884.00	0.00
Subtotal	2,278,316,052.00	183,000,000.00	2,871,711.00	-11,034,399.00	198,406,448.00	-330,757.00	-2,000,000.00	0.00	0.00	2,643,485,633.00	0.00
Total	2,278,316,052.00	183,000,000.00	2,871,711.00	-11,034,399.00	198,406,448.00	-330,757.00	-2,000,000.00	0.00	0.00	2,643,485,633.00	0.00

(3) Other Notes

None

4. Operating Revenue and Cost of Sales

Unit: RMB

Item	Reporting Period		Same period of last year
	Operating revenue	Cost of sales	Operating revenue	Cost of sales
Main operations	1,279,370,090.00	4,782,548.00	2,864,081,627.00	3,942,511.00
Other operations	10,513,236.00	2,843,786.00	25,614,205.00	5,284,077.00
Total	1,289,883,326.00	7,626,334.00	2,889,695,832.00	9,226,588.00

Relevant information of revenue

Unit: RMB

Category of contracts	Segment 1	Segment 2	Total
Types of products	0.00	0.00	0.00
Of which:
By operating places	0.00	0.00	0.00
Of which:
By types of market or customers	0.00	0.00	0.00
Of which:
Types of contracts	0.00	0.00	0.00
Of which:
By the time of transferring goods	0.00	0.00	0.00
Of which:
By contract term	0.00	0.00	0.00
Of which:
By marketing channel	0.00	0.00	0.00
Of which:

Information related to performance obligations:

Generally, the Group undertakes the contract performance obligations of providing customers with commodity sales and services.For commodity sales obligation, if sales return terms are provided, the recognition of revenue should be capped at the cumulativerecognized revenue that will probably not be reversed; for contract performance obligation fulfilled in a time period, the revenueshould be recognized according to the progress towards contract completion; for quality assurance provided for customers, as it isgenerally guaranteed quality assurance, it is not treated as an individual contract performance obligation.Information related to transaction value assigned to residual performance obligations:

The amount of revenue corresponding to performance obligations of contracts signed but not performed or not fully performed yetwas RMB0.00 at the period-end, among which RMB0.00 was expected to be recognized in 0 year, RMB0.00 in 0 year and RMB0.00in 0 year.Other notes: None

5. Investment Income

Unit: RMB

Item	Reporting Period	Same period of last year
Long-term equity investment income accounted by cost method	850,000,000.00	806,360,000.00
Long-term equity investment income accounted by equity method	-11,034,399.00	-16,519,688.00
Investment income arising from disposal of long-term equity investments	0.00	0.00
Investment income arising from holding of trading financial assets	0.00	0.00
Investment income arising from disposal of trading financial assets	0.00	0.00
Dividend income received from holding of other equity instrument investment	1,842,132.00	2,353,967.00
After losing control, gains from re-measurement of residual shares at fair value	0.00	0.00
Interest income of investment in debt obligations during holding period	0.00	0.00
Interest income of investment in other debt obligations during holding period	0.00	0.00
Investment income from disposal of investment in other debt obligations	0.00	0.00
Total	840,807,733.00	792,194,279.00

6. Other

None

XVII. Supplementary Materials

1. Items and Amounts of Non-recurring Profit or Loss

√ Applicable □ Not applicable

Unit: RMB

Item	Amount	Explanation
Gains/losses on the disposal of non-current assets	-695,424.00	Naught
Tax rebates, reductions or exemptions due to approval beyond authority or the lack of official approval documents	0.00	Naught
Government grants recognized in the current period, except for those acquired in the ordinary course of business or granted at certain quotas or amounts according to the government’s unified standards	1,522,116,110.00	Naught
Capital occupation charges on non-financial enterprises that are recorded into current gains and losses	0.00	Naught
Gains due to that the investment costs for the Company to obtain subsidiaries, associates and joint ventures are lower than the enjoyable fair value of the identifiable net assets of the investees when making the investments	0.00	Naught
Gain/loss on non-monetary asset swap	0.00	Naught
Gain/loss on entrusting others with investments or asset management	0.00	Naught
Asset impairment provisions due to acts of God such as natural disasters	0.00	Naught
Gains and losses from debt restructuring	0.00	Naught
Expenses on business reorganization, such as expenses on staff arrangements, integration, etc.	0.00	Naught
Gain/loss on the part over the fair value due to transactions with distinctly unfair prices	0.00	Naught
Current net gains and losses of subsidiaries acquired in business combination under the same control from period-begin to combination date	0.00	Naught
Profit and loss from contingencies irrelative to the normal business operations of company	0.00	Naught
Gain/loss from change of fair value of trading assets and liabilities, and derivative financial assets and liabilities, and investment gains from disposal of trading financial assets and liabilities and derivative financial assets and liabilities, and investment in other debt obligations, other than valid hedging related to the Company’s common businesses	33,849,440.00	Naught
Depreciation reserves returns of receivables with separate depreciation test	5,668,198.00	Naught
Gain/loss on entrustment loans	0.00	Naught
Gain/loss on change of the fair value of investing real estate of which the subsequent measurement is carried out adopting the fair value method	0.00	Naught
Effect on current gains/losses when a one-off adjustment is made to current gains/losses according to requirements of taxation, accounting and other relevant laws and regulations	0.00	Naught
Custody fee income when entrusted with operation	0.00	Naught
Other non-operating income and expense other than the above	30,568,620.00	Naught
Project confirmed with the definition of non-recurring gains and losses and losses	0.00	Naught

Less: Income tax effects	63,531,411.00	Naught
Non-controlling interests effects	216,196,623.00	Naught
Total	1,311,778,910.00	--

Explain the reasons if the Company classifies an item as an extraordinary gain/loss according to the definition in the ExplanatoryAnnouncement No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Non-recurring Profit orLoss, or classifies any extraordinary gain/loss item mentioned in the said explanatory announcement as a recurrent gain/loss item.

□ Applicable √ Not applicable

2. Return on Equity and Earnings Per Share

Profit as of Reporting Period	Weighted average ROE (%)	EPS (Yuan/share)
		EPS-basic	EPS-diluted
Net profit attributable to ordinary shareholders of the Company	1.05%	0.026	0.026
Net profit attributable to ordinary shareholders of the Company after deduction of non-recurring profit and loss	-0.45%	-0.011	-0.011

3. Differences between Accounting Data under Domestic and Overseas Accounting Standards

(1) Differences of Net Profit and Net Assets Disclosed in Financial Reports Prepared under Internationaland Chinese Accounting Standards

□ Applicable √ Not applicable

(2) Differences of Net profit and Net assets Disclosed in Financial Reports Prepared under Overseas andChinese Accounting Standards

□ Applicable √ Not applicable

(3)Explain Reasons for the Differences between Accounting Data under Domestic and Overseas AccountingStandards; for any Adjustment Made to the Difference Existing in the Data Audited by the ForeignAuditing Agent, Such Foreign Auditing Agent’s Name Shall Be Clearly StatedNone

4. Other

None

Part XII Documents Available for Reference

(I) The financial statements signed and sealed by the Company’s legal representative, President, Chief Financial Officer and head ofthe financial department (equivalent to financial manager); and(II) The originals of all the documents and announcements that the Company disclosed on www.cninfo.com.cn during the ReportingPeriod.All the above mentioned documents are available at the Board Secretary’s Office of the Company.

Chairman of the Board (signature): Mr. Chen Yanshun

Date of the Board’s approval of this Report: 27

th

August 2020