THIRD QUARTER REPORT 2018
October 2018
BOE Technology Group Co., Ltd. Third Quarter Report 2018 Part I Important Notes
The 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 referred to as the “Company”) hereby guarantee the factuality, accuracy and completeness of the contents of this Report and its summary, and shall be jointly and severally liable for any misrepresentations, misleading statements or material omissions therein.
All theCompany’s directors have attended the Board meeting for the review of this Report and its summary.
Mr. Wang Dongsheng, theCompany’s legal representative, Mr. Chen Yanshun, president of theCompany’s Execution Committee (Chief Executive Officer), Ms. Sun Yun, theCompany’s Chief Financial Officer, and Ms. Yang Xiaoping, head of theCompany’s financial department (equivalent to financial manager) hereby guarantee that the Financial Statements carried in this Report are factual, accurate and complete.
This Report has been prepared in both Chinese and English. Should there be any discrepancies or misunderstandings between the two versions, the Chinese version shall prevail.
BOE Technology Group Co., Ltd. Third Quarter Report 2018 Part II Key Corporate Information
I Key Consolidated Financial Information
Indicate by tick mark whether there is any retrospectively restated datum in the table below.
□ Yes√ No
||||||||
|-|-|-|-|-|-|-|
|Item|30 September 2018||31 December 2017||Change (%)||
|Total assets (RMB)|289,680,059,305.00||256,108,741,849.00||13.11%||
|Equity attributable to the listed company’s|85,818,805,445.00||84,809,816,377.00||||
||||||1.19%||
|shareholders (RMB)|||||||
|Item|Q3 2018|YoY change (%)||Q1-Q3 2018||YoY change (%)|
|Operating revenue (RMB)|25,990,508,323.00|4.79%||69,464,413,289.00||0.08%|
|Net profit attributable to the listed|403,860,235.00|||3,379,066,735.00|||
|||-81.42%||||-47.82%|
|company’s shareholders (RMB)|||||||
|Net profit attributable to the listed|||||||
|company’s shareholders before exceptional|119,979,875.00|-93.68%||1,098,848,634.00||-81.43%|
|items (RMB)|||||||
|Net cash generated from/used in operating||||18,297,602,412.00|||
||--|--||||-1.05%|
|activities (RMB)|||||||
|Basic earnings per share (RMB/share)|0.012|-80.65%||0.097||-47.57%|
|Diluted earnings per share (RMB/share)|0.012|-80.65%||0.097||-47.57%|
|Weighted average return on equity (%)|0.47%|-82.33%||3.92%||-50.75%|

 Exceptional gains and losses:
√ Applicable□ Not applicable
Unit: RMB
||||
|-|-|-|
|Item|Q1-Q3 2018|Note|
|Gain or loss on disposal of non-current assets (inclusive of impairment allowance|||
||-17,906,941.00|N/A|
|write-offs)|||
|Tax rebates, reductions and exemptions given with ultra vires approval or in lack of|||
||0.00|N/A|
|official approval documents|||
|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|2,431,679,361.00|N/A|
|as per government’s uniform standards)|||
|Capital occupation charges on non-financial enterprises that are charged to current profit|||
||0.00|N/A|
|or loss|||

BOE Technology Group Co., Ltd. Third Quarter Report 2018
||||
|-|-|-|
|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|9,317,244.00|N/A|
|value of identifiable net asset value of investees when making investments|||
|Gain or loss on non-monetary asset swaps|0.00|N/A|
|Gain or loss on investments or assets entrusted to other entities for 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 over-fair value amount as a result of transactions with distinctly unfair|||
||0.00|N/A|
|prices|||
|Current profit or loss on subsidiaries obtained in business combinations involving|||
||0.00|N/A|
|enterprises under common control from period-beginning to combination dates, net|||
|Gain or loss on contingencies that do not arise in the Company’s ordinary course of|||
||0.00|N/A|
|business|||
|Gain or loss on fair-value changes in trading financial assets and liabilities & investment|||
|income from disposal of trading financial assets and liabilities and available-for-sale|||
||273,977,796.00|N/A|
|financial assets (exclusive of effective portion of hedges that arise in the Company’s|||
|ordinary course of business)|||
|Reversed portion of impairment allowance for accounts receivable which are tested|||
||153,235.00|N/A|
|individually for impairment|||
|Gain or loss on loan entrustments|0.00|N/A|
|Gain or loss on fair-value changes in investment property of which subsequent|||
||0.00|N/A|
|measurement is carried out using fair value method|||
|Effects of all adjustments required by taxation, accounting and other applicable laws and|||
||0.00|N/A|
|regulations on current profit or loss|||
|Income from charges on entrusted management|0.00|N/A|
|Non-operating income and expense other than above|48,197,584.00|N/A|
|Other gains and losses that meet definition of exceptional gain/loss|0.00|N/A|
|Less: Income tax effects|313,681,228.00|N/A|
|Non-controlling interests effects (net of tax)|151,518,950.00|N/A|
|Total|2,280,218,101.00|--|

 Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item defined or listed in the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to thePublic—Exceptional Gain/Loss Items:
□ Applicable√ Not applicable
No such cases for the Reporting Period.
BOE Technology Group Co., Ltd. Third Quarter Report 2018 II Total Number of Shareholders and Holdings of Top 10 Shareholders at 30 September 2018 1. Numbers of Ordinary Shareholders and Preferred Shareholders with Resumed Voting Rights as well as Holdings of Top 10 Shareholders
Unit: share
||||||||||
|-|-|-|-|-|-|-|-|-|
|||1,423,472 (including 1,384,020 A-shareholders and 39,452 B-shareh|||||||
|Number of ordinary shareholders|||||||||
|||olders)|||||||
|Top 10 shareholders|||||||||
|||Shareholdin|||Restricted|Shares in pledge or frozen|||
|Name of shareholder|Nature of shareholder|||Number of shares|||||
|||g percentage|||shares|Status||Shares|
|Beijing State-ownedCapital Operation andManagement Center|State-owned legal person|11.68%||4,063,333,333|0||||
|||||||N/A||0|
|Chongqing EzcapitalOpto-electronics IndustryInvestment Co., Ltd.|State-owned legal person|7.62%||2,653,000,041|0||||
|||||||N/A||0|
|Hefei Jianxiang InvestmentCo., Ltd.|State-owned legal person|7.21%||2,510,142,953|0||||
|||||||N/A||0|
|Beijing YizhuangInvestment Holdings Co.,Ltd|State-owned legal person|3.57%||1,241,423,641|0||||
|||||||N/A||0|
|Beijing BOE Investment &Development Co., Ltd.|State-owned legal person|2.36%||822,092,180|0||||
|||||||N/A||0|
|Hong Kong SecuritiesClearing Company Ltd.|Foreign legal person|1.42%||493,694,620|0||||
|||||||N/A||0|
|National Social SecurityFund Portfolio 108|Other|1.07%||371,014,227|0||||
|||||||N/A||0|
|Beijing ElectronicsHoldings Co., Ltd.|State-owned legal person|0.79%||273,735,583|0||||
|||||||N/A||0|
|Central Huijin AssetsManagement Co., Ltd|State-owned legal person|0.71%||248,305,300|0||||
|||||||N/A||0|
|China Securities FinanceCorporation Limited|Other|0.38%||132,480,249|0||||
|||||||N/A||0|
|Top 10 unrestricted shareholders|||||||||
||||||Shares by type||||
|Name of shareholder|||Unrestricted shares||||||
||||||Type||Shares||
|Beijing State-owned Capital Operation and Management Center|||4,063,333,333||RMB-denominated||4,063,333,333||

BOE Technology Group Co., Ltd. Third Quarter Report 2018
|||||
|-|-|-|-|
|||ordinary stock||
|Chongqing Ezcapital Opto-electronics Industry Investment Co.,Ltd.|2,653,000,041|RMB-denominated||
||||2,653,000,041|
|||ordinary stock||
|Hefei Jianxiang Investment Co., Ltd.|2,510,142,953|RMB-denominated||
||||2,510,142,953|
|||ordinary stock||
|Beijing Yizhuang Investment Holdings Co., Ltd|1,241,423,641|RMB-denominated||
||||1,241,423,641|
|||ordinary stock||
|Beijing BOE Investment & Development Co., Ltd.|822,092,180|RMB-denominated||
||||822,092,180|
|||ordinary stock||
|Hong Kong Securities Clearing Company Ltd.|493,694,620|RMB-denominated||
||||493,694,620|
|||ordinary stock||
|National Social Security Fund Portfolio 108|371,014,227|RMB-denominated||
||||371,014,227|
|||ordinary stock||
|Beijing Electronics Holdings Co., Ltd.|273,735,583|RMB-denominated||
||||273,735,583|
|||ordinary stock||
|Central Huijin Assets Management Co., Ltd|248,305,300|RMB-denominated||
||||248,305,300|
|||ordinary stock||
|China Securities Finance Corporation Limited|132,480,249|RMB-denominated||
||||132,480,249|
|||ordinary stock||
||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 Capital Photoelectricity|||
||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|||
|Related or acting-in-concert parties among shareholders above||||
||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|||

BOE Technology Group Co., Ltd. Third Quarter Report 2018
|||
|-|-|
||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||
||Naught|
|trading||

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 Reporting Period.
□ Yea√ No
No such cases in the Reporting Period.
2. Number of Preferred Shareholders and Shareholdings of Top 10 of Them
□ Applicable√ Not applicable
BOE Technology Group Co., Ltd. Third Quarter Report 2018 Part III Significant Events
I Changes in Selected Consolidated Financial Statement Line Items and Explanation of why√ Applicable□ Not applicable
Unit: RMB
||||||
|-|-|-|-|-|
||30 September 2018|31 December 2017 (or|Change||
|Item||||Explanation of why|
||(or Q1~Q3 2018)|Q1~Q3 2017)|(%)||
|||||Mass production on new production lines and|
|Inventories|12,178,965,256.00|8,957,719,381.00|36%||
|||||additions to the consolidation scope|
|Long-term equity||||Shift of associate to subsidiary during the|
||4,036,661,192.00|6,928,854,415.00|-42%||
|investments||||current period|
|Construction in||||Rise in investments in new constructions in the|
||67,442,708,371.00|50,761,250,426.00|33%||
|progress||||current period|
|||||Rise in material purchases as a result of the|
|Notes and accounts|||||
||22,096,470,048.00|16,749,587,533.00|32%|production and sales ramp-up in the current|
|payable|||||
|||||period|
|Current portion of|||||
||6,068,813,097.00|9,109,708,511.00|-33%|Repayment of bank loans in the current period|
|non-current liabilities|||||
|Finance costs|2,242,661,339.00|1,413,361,041.00|59%|Greater exchange loss and interest expenditure|
|||||Decline in inventory valuation allowances,|
|Asset impairment loss|783,454,658.00|1,757,042,642.00|-55%|which were recorded at the lower of the cost|
|||||and the net realizable value|
|||||Rise in government subsidies in the current|
|Other investment|2,261,274,910.00|458,317,281.00|393%||
|||||period|
|||||Higher gains on wealth management products|
|Investment income|258,565,775.00|61,147,940.00|323%||
|||||during the current period|
|Net cash generated|||||
|||||Rise in bank loan repayments in the current|
|from/used in financing|11,681,695,994.00|27,057,943,017.00|-57%||
|||||period|
|activities|||||

II Progress, Influence and Solutions Associated with Significant Events
√ Applicable□ Not applicable
1. The wholly-owned subsidiary, BOE Technology (Hong Kong) Co., Ltd., filed lawsuits to Beijing Municipal Higher People's Court
against following Defendants: Letv Mobile Intelligent Information Technology (Beijing) Co., Ltd. (referred to as “Letv Mobile”
hereinafter) , TV Plus Holdings (Beijing) Limited, Leseil Mobile Technology (Beijing) Co., Ltd. and JiaYueting, with the total
BOE Technology Group Co., Ltd. Third Quarter Report 2018 amount of claims being aboutUS$41.84 million. Beijing Municipal Higher People's Court issued Notice of Case Acceptance and Civil Ruling Paper for property preservation on 6 July 2017 and 31 July 2017 respectively. Letv Mobile raised the jurisdiction objection to Beijing Municipal Higher People's Court, which was rejected, and also instituted an appeal to the Supreme People's Court for verdict on jurisdiction objection. On 29 June 2018, the Supreme People's Court issued the final verdict to dismiss LetvMobile’s appeal and sustain the original ruling. For receivables corresponding to aforementioned amount of claims, the Company has counted provision for bad debts as per regulations in accounting standard accordingly; therefore, it has uncertain influences on the Company.
||||
|-|-|-|
|||index to disclosure website|
|Overview of significant events|Disclosure date||
|||for interim report|
|Announcement on Connected Transaction regarding Participation inBeijing Electronic Control Industrial Investment Co., Ltd.|||
||31 July 2018|www.cninfo.com.cn|

III Commitments that theCompany’s Actual Controller, Shareholders, Related Parties and Acquirers, as well as the Company Itself and Other Parties, Failed to Fulfill on Time during Reporting Period
□ Applicable√ Not applicable
No such cases in the Reporting Period.
IV 2018 Annual Operating Performance Forecast
Warning of a forecast loss on or a forecast significant year-on-year change in net profit for year 2018, as well as explanation of why:□ Applicable√ Not applicable
BOE Technology Group Co., Ltd. Third Quarter Report 2018
V Securities Investments
√ Applicable□ Not applicable
Unit: RMB
|||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
|||||||Gain/||||||||
|||||||Loss||||||||
|||||||on||||||||
|||||||fair-v|||||||Fundin|
||||||||Accumulated|Purchase||||||
||Security|Security|Initial|Measurem||alue|||Sold in|Gain/loss in||Account||
|Security type||||ent|Beginning|chang|fair-value|d in|Reporting|Reporting|Ending carrying||g|
||code|name|investment cost||carrying amount||changes charged|Reportin|||amount|ing title||
|||||method||es in|to equity|g Period|Period|Period|||source|
|||||||Repor||||||||
|||||||ting||||||||
|||||||Perio||||||||
|||||||d||||||||
|||||||||||||Availabl||
|||||||||||||e-for-sal||
|Domestically/Ove||TPV||Fair value|||||||||Self-fu|
||HK00903||134,658,158.00||21,584,703.00|0.00|-13,251,799.00|0.00|0.00|196,070.00|14,791,508.00|e||
|rseas listed stock||Technology||method|||||||||nded|
|||||||||||||financial||
|||||||||||||assets||
|||||||||||||Availabl||
|||||||||||||e-for-sal||
|Domestically/Ove||Electronic||Fair value|||||||||Self-fu|
||SH600658||90,160,428.00||108,996,372.00|0.00|23,298,083.00|0.00|0.00|1,875,523.00|69,973,707.00|e||
|rseas listed stock||Zone||method|||||||||nded|
|||||||||||||financial||
|||||||||||||assets||
|||||||||||||Availabl||
|||||||||||||e-for-sal||
|Domestically/Ove||Bank of||Fair value|||||||||Self-fu|
||HK01963||120,084,375.00||130,968,760.00|0.00|-15,895,655.00|0.00|0.00|3,033,233.00|104,188,720.00|e||
|rseas listed stock||Chongqing||method|||||||||nded|
|||||||||||||financial||
|||||||||||||assets||
|||BlackRock||||||||||Availabl||
|||||Fair value|||||||||Self-fu|
|Funds|BLK|Global|0.00||6,347,799.00|0.00|2,081,841.00|0.00|6,179,429.00|2,570,403.00|0.00|e-for-sal||
|||||method|||||||||nded|
|||Allocation||||||||||e||

BOE Technology Group Co., Ltd. Third Quarter Report 2018
|||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
|||Fund (USD)||||||||||financial||
|||A2||||||||||assets||
|||||||||||||Availabl||
|||||||||||||e-for-sal||
|Domestically/Ove||China||Fair value|||||||||Self-fu|
||HK06066||70,041,364.00||65,856,319.00|0.00|-24,453,603.00|0.00|0.00|0.00|45,587,761.00|e||
|rseas listed stock||Securities||method|||||||||nded|
|||||||||||||financial||
|||||||||||||assets||
|||||||||||||Availabl||
|||New century||||||||||e-for-sal||
|Domestically/Ove||||Fair value|||||||||Self-fu|
||HK01518|medical|140,895,855.00||178,837,871.00|0.00|605,921.00|0.00|662,426.00|1,127,547.00|141,501,776.00|e||
|rseas listed stock||||method|||||||||nded|
|||treatment||||||||||financial||
|||||||||||||assets||
|||||||||||||Availabl||
|||Z-Obee||||||||||e-for-sal||
|Domestically/Ove||||Fair value|||||||||Self-fu|
||HK00948|Holdings|0.00||246,566.00|0.00|305,200.00|0.00|290,658.00|299,797.00|0.00|e||
|rseas listed stock||||method|||||||||nded|
|||Ltd.||||||||||financial||
|||||||||||||assets||
|Other securities investments held at the||||||||||||||
||||0.00|--|0.00|0.00|0.00|0.00|0.00|0.00|0.00|--|--|
|period-end||||||||||||||
|Total|||555,840,180.00|--|512,838,390.00|0.00|-27,310,012.00|0.00|7,132,513.00|9,102,573.00|376,043,472.00|--|--|
|Disclosure date of announcement on||||||||||||||
||||N/A|||||||||||
|Board’s consent for securities investments||||||||||||||
|Disclosure date of announcement on general||||||||||||||
|meeting’s consent for securities investments|||N/A|||||||||||
|(if any)||||||||||||||

BOE Technology Group Co., Ltd. Third Quarter Report 2018 VI Wealth Management Entrustment
√ Applicable□ Not applicable
Unit:RMB’0,000 (in RMB ten thousand yuan)
||||||
|-|-|-|-|-|
||||Outstanding amount||
|Type of wealth management|Funding source|Principal||Overdue amount|
||||before maturity||
|Wealth management product|||||
||Self-funded|1,257,000|583,200|0|
|purchased from bank|||||
|Total||1,257,000|583,200|0|

 High-risk wealth management entrustments with amounts that are individually significant, or with low security, low liquidity, or no protection of the principal:
□ Applicable√ Not applicable
Wealth management entrustments with possible impairments including an expectedly unrecoverable principal:
□ Applicable√ Not applicable
VII Investments in Derivative Financial Instruments
□ Applicable√ Not applicable
No such cases in the Reporting Period.
VIII Visits Paid to the Company for Purposes of Research, Communication, Interview, etc. during Reporting Period
√ Applicable□ Not applicable
|||||
|-|-|-|-|
|Date of visit|Way of visit|Type of visitor|About|
|3 July 2018|By one-on-one meeting|Institution||
|4 July 2018|By one-on-one meeting|Institution||
|5 July 2018|By one-on-one meeting|Institution||
|12 July 2018|By one-on-one meeting|Institution|Performance of the Company for the first|
||||half of the year and industrial situation;|
|17 July 2018|By one-on-one meeting|Institution||
||||Main operating information of the|
|18 July 2018|By one-on-one meeting|Institution||
||||Company; Technology and product|
|26 July 2018|By one-on-one meeting|Institution|innovation; Future strategic layout.|
|29 August 2018|By one-on-one meeting|Institution||
|13 September 2018|By one-on-one meeting|Institution||
|20 September 2018|By one-on-one meeting|Institution||

BOE Technology Group Co., Ltd. Third Quarter Report 2018 IX Irregularities in Provision of Guarantees for External Parties
□ Applicable√ Not applicable
No such cases in the Reporting Period.
X Occupation of theCompany’s Capital by Controlling Shareholder or Its Related Parties for Non-Operating Purposes
□ Applicable√ Not applicable
No such cases in the Reporting Period.
BOE Technology Group Co., Ltd. Third Quarter Report 2018 Part IV Financial Statements
I Financial Statements
1. Consolidated Balance Sheet
Prepared by BOE Technology Group Co., Ltd.
Unit: RMB
||||
|-|-|-|
|Item|30 September 2018|31 December 2017|
|Current assets:|||
|Monetary capital|53,087,082,081.00|57,128,659,576.00|
|Settlement reserve|0.00|0.00|
|Interbank loans granted|0.00|0.00|
|Financial assets at fair value through profit or loss|0.00|0.00|
|Derivative financial assets|0.00|0.00|
|Notes and accounts receivable|19,694,977,483.00|16,347,031,379.00|
|Including: Notes receivable|533,324,430.00|833,268,127.00|
|Accounts receivable|19,161,653,053.00|15,513,763,252.00|
|Prepayments|987,661,510.00|587,126,751.00|
|Premiums receivable|0.00|0.00|
|Reinsurance receivables|0.00|0.00|
|Receivable reinsurance contract reserve|0.00|0.00|
|Other receivables|724,420,493.00|818,024,132.00|
|Financial assets purchased under resale agreements|0.00|0.00|
|Inventories|12,178,965,256.00|8,957,719,381.00|
|Assets classified as held for sale|0.00|0.00|
|Current portion of non-current assets|0.00|17,303,152.00|
|Other current assets|12,465,582,300.00|15,924,433,978.00|
|Total current assets|99,138,689,123.00|99,780,298,349.00|
|Non-current assets:|||
|Loans and advances to customers|0.00|0.00|
|Available-for-sale financial assets|766,169,370.00|859,899,356.00|
|Held-to-maturity investments|0.00|0.00|
|Long-term receivables|0.00|0.00|

BOE Technology Group Co., Ltd. Third Quarter Report 2018
||||
|-|-|-|
|Long-term equity investments|4,036,661,192.00|6,928,854,415.00|
|Investment property|1,268,961,384.00|1,296,662,205.00|
|Fixed assets|106,323,512,619.00|88,625,296,761.00|
|Construction in progress|67,442,708,371.00|50,761,250,426.00|
|Productive living assets|0.00|0.00|
|Oil and gas assets|0.00|0.00|
|Intangible assets|5,383,958,273.00|2,982,664,308.00|
|R&D expense|0.00|0.00|
|Goodwill|841,479,045.00|197,963,688.00|
|Long-term prepaid expense|394,830,975.00|379,829,430.00|
|Deferred income tax assets|185,662,548.00|106,255,657.00|
|Other non-current assets|3,897,426,405.00|4,189,767,254.00|
|Total non-current assets|190,541,370,182.00|156,328,443,500.00|
|Total assets|289,680,059,305.00|256,108,741,849.00|
|Current liabilities:|||
|Short-term borrowings|1,563,009,194.00|3,249,736,430.00|
|Borrowings from central bank|0.00|0.00|
|Customer deposits and interbank deposits|0.00|0.00|
|Interbank loans obtained|0.00|0.00|
|Financial liabilities at fair value through profit or loss|0.00|0.00|
|Derivative financial liabilities|0.00|0.00|
|Notes and accounts payable|22,096,470,048.00|16,749,587,533.00|
|Advances from customers|789,492,542.00|781,324,522.00|
|Financial assets sold under repurchase agreements|0.00|0.00|
|Handling charges and commissions payable|0.00|0.00|
|Payroll payable|1,787,731,588.00|2,217,066,944.00|
|Taxes payable|673,476,286.00|775,621,146.00|
|Other payables|19,796,895,018.00|16,122,413,130.00|
|Reinsurance payables|0.00|0.00|
|Insurance contract reserve|0.00|0.00|
|Payables for acting trading of securities|0.00|0.00|
|Payables for underwriting of securities|0.00|0.00|
|Liabilities directly associated with assets classified as|||
||0.00|0.00|
|held for sale|||
|Current portion of non-current liabilities|6,068,813,097.00|9,109,708,511.00|

BOE Technology Group Co., Ltd. Third Quarter Report 2018
||||
|-|-|-|
|Other current liabilities|1,102,987,556.00|730,709,590.00|
|Total current liabilities|53,878,875,329.00|49,736,167,806.00|
|Non-current liabilities:|||
|Long-term borrowings|91,696,478,647.00|78,973,633,010.00|
|Bonds payable|9,973,978,795.00|9,966,467,496.00|
|Including: Preferred shares|0.00|0.00|
|Perpetual bonds|0.00|0.00|
|Long-term payables|1,549,439,574.00|1,176,250,982.00|
|Long-term payroll payable|0.00|0.00|
|Provisions|16,457,010.00|16,457,010.00|
|Deferred income|8,115,602,224.00|2,261,955,307.00|
|Deferred income tax liabilities|1,340,866,351.00|563,302,910.00|
|Other non-current liabilities|10,418,882,740.00|9,130,244,495.00|
|Total non-current liabilities|123,111,705,341.00|102,088,311,210.00|
|Total liabilities|176,990,580,670.00|151,824,479,016.00|
|Owners’ equity:|||
|Share capital|34,798,398,763.00|34,798,398,763.00|
|Other equity instruments|0.00|0.00|
|Including: Preferred shares|0.00|0.00|
|Perpetual bonds|0.00|0.00|
|Capital reserves|38,262,622,157.00|38,585,515,122.00|
|Less: Treasury stock|0.00|0.00|
|Other comprehensive income|-156,565,476.00|150,602,933.00|
|Specific reserve|0.00|0.00|
|Surplus reserves|889,640,475.00|889,640,475.00|
|General reserve|0.00|0.00|
|Retained earnings|12,024,709,526.00|10,385,659,084.00|
|Total equity attributable to owners of the Company as the|85,818,805,445.00||
|||84,809,816,377.00|
|parent|||
|Non-controlling interests|26,870,673,190.00|19,474,446,456.00|
|Total owners’ equity|112,689,478,635.00|104,284,262,833.00|
|Total liabilities and owners’ equity|289,680,059,305.00|256,108,741,849.00|

Legal representative: Wang Dongsheng Chief Financial Officer: Sun Yun Financial Officer: Yang Xiaoping
BOE Technology Group Co., Ltd. Third Quarter Report 2018 2. Balance Sheet of the Company as the Parent
Unit: RMB
||||
|-|-|-|
|Item|30 September 2018|31 December 2017|
|Current assets:|||
|Monetary capital|4,737,795,583.00|2,990,801,501.00|
|Financial assets at fair value through profit or loss|0.00|0.00|
|Derivative financial assets|0.00|0.00|
|Notes and accounts receivable|41,692,757.00|39,897,385.00|
|Including: Notes receivable|1,000,000.00|0.00|
|Accounts receivable|40,692,757.00|39,897,385.00|
|Prepayments|58,539,027.00|10,315,083.00|
|Other receivables|1,924,663,029.00|1,835,131,720.00|
|Inventories|12,722,646.00|12,751,847.00|
|Assets classified as held for sale|0.00|0.00|
|Current portion of non-current assets|632,000,000.00|3,648,840,000.00|
|Other current assets|7,531,966.00|61,082,075.00|
|Total current assets|7,414,945,008.00|8,598,819,611.00|
|Non-current assets:|||
|Available-for-sale financial assets|103,453,247.00|149,269,107.00|
|Held-to-maturity investments|0.00|0.00|
|Long-term receivables|0.00|0.00|
|Long-term equity investments|139,837,379,654.00|121,193,680,391.00|
|Investment property|291,365,998.00|292,544,063.00|
|Fixed assets|963,926,933.00|982,985,346.00|
|Construction in progress|250,593,462.00|274,400,649.00|
|Productive living assets|0.00|0.00|
|Oil and gas assets|0.00|0.00|
|Intangible assets|499,452,594.00|530,490,988.00|
|R&D expense|0.00|0.00|
|Goodwill|0.00|0.00|
|Long-term prepaid expense|108,134,949.00|112,776,691.00|
|Deferred income tax assets|98,549,668.00|150,206,185.00|
|Other non-current assets|301,965,295.00|480,909,226.00|
|Total non-current assets|142,454,821,800.00|124,167,262,646.00|

BOE Technology Group Co., Ltd. Third Quarter Report 2018
||||
|-|-|-|
|Total assets|149,869,766,808.00|132,766,082,257.00|
|Current liabilities:|||
|Short-term borrowings|0.00|0.00|
|Financial liabilities at fair value through profit or loss|0.00|0.00|
|Derivative financial liabilities|0.00|0.00|
|Notes and accounts payable|42,992,846.00|50,152,503.00|
|Advances from customers|1,727,192,663.00|1,375,022,585.00|
|Payroll payable|170,319,668.00|283,000,193.00|
|Taxes payable|61,130,646.00|119,584,927.00|
|Other payables|7,391,716,205.00|10,032,392,970.00|
|Liabilities directly associated with assets classified as|||
||0.00|0.00|
|held for sale|||
|Current portion of non-current liabilities|3,090,000,000.00|4,031,840,000.00|
|Other current liabilities|0.00|0.00|
|Total current liabilities|12,483,352,028.00|15,891,993,178.00|
|Non-current liabilities:|||
|Long-term borrowings|26,720,000,000.00|23,943,000,000.00|
|Bonds payable|9,973,978,795.00|9,966,467,496.00|
|Including: Preferred shares|0.00|0.00|
|Perpetual bonds|0.00|0.00|
|Long-term payables|0.00|0.00|
|Long-term payroll payable|0.00|0.00|
|Provisions|0.00|0.00|
|Deferred income|5,742,736,897.00|130,652,127.00|
|Deferred income tax liabilities|0.00|0.00|
|Other non-current liabilities|19,150,000,000.00|7,600,000,000.00|
|Total non-current liabilities|61,586,715,692.00|41,640,119,623.00|
|Total liabilities|74,070,067,720.00|57,532,112,801.00|
|Owners’ equity:|||
|Share capital|34,798,398,763.00|34,798,398,763.00|
|Other equity instruments|0.00|0.00|
|Including: Preferred shares|0.00|0.00|
|Perpetual bonds|0.00|0.00|
|Capital reserves|37,590,966,191.00|37,588,541,593.00|
|Less: Treasury stock|0.00|0.00|

BOE Technology Group Co., Ltd. Third Quarter Report 2018
||||
|-|-|-|
|Other comprehensive income|153,154,008.00|192,097,489.00|
|Specific reserve|0.00|0.00|
|Surplus reserves|889,640,475.00|889,640,475.00|
|Retained earnings|2,367,539,651.00|1,765,291,136.00|
|Total owners’ equity|75,799,699,088.00|75,233,969,456.00|
|Total liabilities and owners’ equity|149,869,766,808.00|132,766,082,257.00|

 3. Consolidated Income Statement for Q3
Unit: RMB
||||
|-|-|-|
|Item|Q3 2018|Q3 2017|
|1. Revenue|25,990,508,323.00|24,803,328,149.00|
|Including: Operating revenue|25,990,508,323.00|24,803,328,149.00|
|Interest income|0.00|0.00|
|Premium income|0.00|0.00|
|Handling charge and commission income|0.00|0.00|
|2. Operating costs and expenses|26,024,312,239.00|22,425,267,847.00|
|Including: Cost of sales|21,245,420,721.00|19,040,130,225.00|
|Interest expense|0.00|0.00|
|Handling charge and commission expense|0.00|0.00|
|Surrenders|0.00|0.00|
|Net claims paid|0.00|0.00|
|Net amount provided as insurance contract|||
||0.00|0.00|
|reserve|||
|Expenditure on policy dividends|0.00|0.00|
|Reinsurance premium expense|0.00|0.00|
|Taxes and surcharges|200,057,483.00|144,335,774.00|
|Selling expense|751,560,070.00|760,132,128.00|
|Administrative expense|1,471,377,632.00|568,679,877.00|
|R&D expense|989,103,251.00|1,264,145,472.00|
|Finance costs|1,041,487,684.00|314,247,859.00|
|Including: Interest expense|852,142,227.00|524,655,338.00|
|Interest income|195,757,126.00|229,837,025.00|
|Asset impairment loss|325,305,398.00|333,596,512.00|
|Add: Other income|357,114,751.00|183,014,417.00|

BOE Technology Group Co., Ltd. Third Quarter Report 2018
||||
|-|-|-|
|Investment income (“-” for loss)|91,641,762.00|41,985,789.00|
|Including: Share of profit or loss of joint|||
||-2,412,689.00|4,320,922.00|
|ventures and associates|||
|Gain on changes in fair value (“-” for loss)|0.00|0.00|
|Foreign exchange gain (“-” for loss)|0.00|0.00|
|Asset disposal income (“-” for loss)|-431,247.00|527,112.00|
|3. Operating profit (“-” for loss)|414,521,350.00|2,603,587,620.00|
|Add: Non-operating income|32,215,068.00|45,382,701.00|
|Less: Non-operating expense|25,909,519.00|36,738,470.00|
|4. Profit before tax (“-” for loss)|420,826,899.00|2,612,231,851.00|
|Less: Income tax expense|279,701,576.00|412,765,482.00|
|5. Net profit (“-” for net loss)|141,125,323.00|2,199,466,369.00|
|5.1 Net profit from continuing operations (“-” for net|141,125,323.00||
|||2,199,466,369.00|
|loss)|||
|5.2 Net profit from discontinued operations (“-” for net|||
||0.00|0.00|
|loss)|||
|Net profit attributable to owners of the Company as the|||
||403,860,235.00|2,173,061,620.00|
|parent|||
|Net profit attributable to non-controlling interests|-262,734,912.00|26,404,749.00|
|6. Other comprehensive income, net of tax|-19,565,137.00|-21,113,647.00|
|Attributable to owners of the Company as the parent|-68,881,892.00|-4,000,944.00|
|6.1 Items that will not be reclassified to profit or|||
||0.00|0.00|
|loss|||
|6.1.1 Changes in net liabilities or assets caused by|||
||0.00|0.00|
|remeasurements on defined benefit pension schemes|||
|6.1.2 Share of other comprehensive income of|||
|investees that will not be reclassified to profit or loss|0.00|0.00|
|under equity method|||
|6.2 Items that may subsequently be reclassified to|||
||-68,881,892.00|-4,000,944.00|
|profit or loss|||
|6.2.1 Share of other comprehensive income of|||
|investees that will be reclassified to profit or loss under|0.00|0.00|
|equity method|||
|6.2.2 Gain/Loss on changes in fair value of|||
||-51,328,248.00|21,235,545.00|
|available-for-sale financial assets|||
|6.2.3 Gain/Loss arising from reclassification of|||
|held-to-maturity investments to available-for-sale|0.00|0.00|
|financial assets|||
|6.2.4 Effective gain/loss on cash flow hedges|0.00|0.00|

BOE Technology Group Co., Ltd. Third Quarter Report 2018
||||
|-|-|-|
|6.2.5 Differences arising from translation of|||
||-17,553,644.00|-25,236,489.00|
|foreign currency-denominated financial statements|||
|6.2.6 Other|0.00|0.00|
|Attributable to non-controlling interests|49,316,755.00|-17,112,703.00|
|7. Total comprehensive income|121,560,186.00|2,178,352,722.00|
|Attributable to owners of the Company as the parent|334,978,343.00|2,169,060,676.00|
|Attributable to non-controlling interests|-213,418,157.00|9,292,046.00|
|8. Earnings per share|||
|8.1 Basic earnings per share|0.012|0.062|
|8.2 Diluted earnings per share|0.012|0.062|

 Where business combinations under common control occurred in the current period, the net profit achieved by the acquirees before the combinations was RMB0.00, with the amount for the same period of last year being RMB0.00.
Legal representative: Wang Dongsheng Chief Financial Officer: Sun Yun Financial Officer: Yang Xiaoping 4. Income Statement of the Company as the Parent for Q3
Unit: RMB
||||
|-|-|-|
|Item|Q3 2018|Q3 2017|
|1. Operating revenue|880,896,282.00|529,426,781.00|
|Less: Cost of sales|11,375,516.00|22,804,344.00|
|Taxes and surcharges|10,756,707.00|449,900.00|
|Selling expense|114,342.00|169,256.00|
|Administrative expense|208,556,956.00|145,362,352.00|
|R&D expense|333,106,008.00|247,715,348.00|
|Finance costs|287,967,713.00|131,735,582.00|
|Including: Interest expense|296,503,529.00|140,397,611.00|
|Interest income|10,680,666.00|13,503,667.00|
|Asset impairment loss|0.00|0.00|
|Add: Other income|230,746,114.00|10,259,445.00|
|Investment income (“-” for loss)|-2,272,624.00|4,182,766.00|
|Including: Share of profit or loss of joint|||
||-2,281,972.00|4,320,922.00|
|ventures and associates|||
|Gain on changes in fair value (“-” for loss)|0.00|0.00|
|Asset disposal income (“-” for loss)|0.00|0.00|
|2. Operating profit (“-” for loss)|257,492,530.00|-4,367,790.00|
|Add: Non-operating income|1,026,267.00|211,963.00|

BOE Technology Group Co., Ltd. Third Quarter Report 2018
||||
|-|-|-|
|Less: Non-operating expense|1,532,297.00|121,522.00|
|3. Profit before tax (“-” for loss)|256,986,500.00|-4,277,349.00|
|Less: Income tax expense|30,344,396.00|0.00|
|4. Net profit (“-” for net loss)|226,642,104.00|-4,277,349.00|
|4.1 Net profit from continuing operations (“-” for net|||
||226,642,104.00|-4,277,349.00|
|loss)|||
|4.2 Net profit from discontinued operations (“-” for net|||
||0.00|0.00|
|loss)|||
|5. Other comprehensive income, net of tax|-4,076,480.00|-27,332,567.00|
|5.1 Items that will not be reclassified to profit or loss|0.00|0.00|
|5.1.1 Changes in net liabilities or assets caused by|||
||0.00|0.00|
|remeasurements on defined benefit pension schemes|||
|5.1.2 Share of other comprehensive income of|||
|investees that will not be reclassified to profit or loss|0.00|0.00|
|under equity method|||
|5.2 Items that may subsequently be reclassified to|||
||-4,076,480.00|-27,332,567.00|
|profit or loss|||
|5.2.1 Share of other comprehensive income of|||
|investees that will be reclassified to profit or loss under|0.00|0.00|
|equity method|||
|5.2.2 Gain/Loss on changes in fair value of|||
||-4,076,480.00|-27,332,567.00|
|available-for-sale financial assets|||
|5.2.3 Gain/Loss arising from reclassification of|||
|held-to-maturity investments to available-for-sale|0.00|0.00|
|financial assets|||
|5.2.4 Effective gain/loss on cash flow hedges|0.00|0.00|
|5.2.5 Differences arising from translation of foreign|||
||0.00|0.00|
|currency-denominated financial statements|||
|5.2.6 Other|0.00|0.00|
|6. Total comprehensive income|222,565,624.00|-31,609,916.00|
|7. Earnings per share|||
|7.1 Basic earnings per share|0.0065|-0.0001|
|7.2 Diluted earnings per share|0.0065|-0.0001|

 5. Consolidated Income Statement forQ1~Q3
Unit: RMB
||||
|-|-|-|
|Item|Q1~Q3 2018|Q1~Q3 2017|
|1. Revenue|69,464,413,289.00|69,408,356,144.00|

BOE Technology Group Co., Ltd. Third Quarter Report 2018
||||
|-|-|-|
|Including: Operating revenue|69,464,413,289.00|69,408,356,144.00|
|Interest income|0.00|0.00|
|Premium income|0.00|0.00|
|Handling charge and commission income|0.00|0.00|
|2. Operating costs and expenses|68,169,468,906.00|61,820,017,178.00|
|Including: Cost of sales|56,390,002,852.00|51,275,396,814.00|
|Interest expense|0.00|0.00|
|Handling charge and commission expense|0.00|0.00|
|Surrenders|0.00|0.00|
|Net claims paid|0.00|0.00|
|Net amount provided as insurance contract|||
||0.00|0.00|
|reserve|||
|Expenditure on policy dividends|0.00|0.00|
|Reinsurance premium expense|0.00|0.00|
|Taxes and surcharges|502,623,237.00|500,036,766.00|
|Selling expense|2,046,342,664.00|1,988,692,991.00|
|Administrative expense|3,615,086,182.00|2,670,203,499.00|
|R&D expense|2,589,297,974.00|2,215,283,425.00|
|Finance costs|2,242,661,339.00|1,413,361,041.00|
|Including: Interest expense|2,279,883,467.00|1,756,184,975.00|
|Interest income|541,745,812.00|606,657,457.00|
|Asset impairment loss|783,454,658.00|1,757,042,642.00|
|Add: Other income|2,261,274,910.00|458,317,281.00|
|Investment income (“-” for loss)|258,565,775.00|61,147,940.00|
|Including: Share of profit or loss of joint|||
||-31,991,268.00|-9,369,632.00|
|ventures and associates|||
|Gain on changes in fair value (“-” for loss)|0.00|0.00|
|Foreign exchange gain (“-” for loss)|0.00|0.00|
|Asset disposal income (“-” for loss)|-589,758.00|-2,593,427.00|
|3. Operating profit (“-” for loss)|3,814,195,310.00|8,105,210,760.00|
|Add: Non-operating income|128,856,936.00|98,913,684.00|
|Less: Non-operating expense|33,563,330.00|57,068,973.00|
|4. Profit before tax (“-” for loss)|3,909,488,916.00|8,147,055,471.00|
|Less: Income tax expense|939,270,136.00|1,353,027,097.00|
|5. Net profit (“-” for net loss)|2,970,218,780.00|6,794,028,374.00|

BOE Technology Group Co., Ltd. Third Quarter Report 2018
||||
|-|-|-|
|5.1 Net profit from continuing operations (“-” for net|||
||2,970,218,780.00|6,794,028,374.00|
|loss)|||
|5.2 Net profit from discontinued operations (“-” for net|||
||0.00|0.00|
|loss)|||
|Net profit attributable to owners of the Company as the|||
||3,379,066,735.00|6,475,667,220.00|
|parent|||
|Net profit attributable to non-controlling interests|-408,847,955.00|318,361,154.00|
|6. Other comprehensive income, net of tax|-242,834,533.00|-35,115,613.00|
|Attributable to owners of the Company as the parent|-307,168,409.00|5,367,252.00|
|6.1 Items that will not be reclassified to profit or|||
||0.00|0.00|
|loss|||
|6.1.1 Changes in net liabilities or assets caused by|||
||0.00|0.00|
|remeasurements on defined benefit pension schemes|||
|6.1.2 Share of other comprehensive income of|||
|investees that will not be reclassified to profit or loss|0.00|0.00|
|under equity method|||
|6.2 Items that may subsequently be reclassified to|||
||-307,168,409.00|5,367,252.00|
|profit or loss|||
|6.2.1 Share of other comprehensive income of|||
|investees that will be reclassified to profit or loss under|0.00|0.00|
|equity method|||
|6.2.2 Gain/Loss on changes in fair value of|||
||-142,383,300.00|19,080,453.00|
|available-for-sale financial assets|||
|6.2.3 Gain/Loss arising from reclassification of|||
|held-to-maturity investments to available-for-sale|0.00|0.00|
|financial assets|||
|6.2.4 Effective gain/loss on cash flow hedges|0.00|0.00|
|6.2.5 Differences arising from translation of|||
||-164,785,109.00|-13,713,201.00|
|foreign currency-denominated financial statements|||
|6.2.6 Other|0.00|0.00|
|Attributable to non-controlling interests|64,333,876.00|-40,482,865.00|
|7. Total comprehensive income|2,727,384,247.00|6,758,912,761.00|
|Attributable to owners of the Company as the parent|3,071,898,326.00|6,481,034,472.00|
|Attributable to non-controlling interests|-344,514,079.00|277,878,289.00|
|8. Earnings per share|||
|8.1 Basic earnings per share|0.097|0.185|
|8.2 Diluted earnings per share|0.097|0.185|

Where business combinations under common control occurred in the current period, the net profit achieved by the acquirees before
the combinations was RMB0.00, with the amount for the same period of last year being RMB0.00.
BOE Technology Group Co., Ltd. Third Quarter Report 2018 6. Income Statement of the Company as the Parent forQ1~Q3
Unit: RMB
||||
|-|-|-|
|Item|Q1~Q3 2018|Q1~Q3 2017|
|1. Operating revenue|3,027,757,238.00|1,234,889,796.00|
|Less: Cost of sales|24,162,249.00|28,474,942.00|
|Taxes and surcharges|34,788,558.00|19,019,285.00|
|Selling expense|547,948.00|1,190,400.00|
|Administrative expense|535,278,413.00|387,637,790.00|
|R&D expense|826,657,662.00|689,780,098.00|
|Finance costs|666,905,601.00|337,091,462.00|
|Including: Interest expense|696,539,636.00|376,890,181.00|
|Interest income|31,590,749.00|51,167,887.00|
|Asset impairment loss|0.00|0.00|
|Add: Other income|763,173,779.00|19,888,228.00|
|Investment income (“-” for loss)|882,196,406.00|598,700,736.00|
|Including: Share of profit or loss of joint|||
||-19,884,534.00|-9,369,632.00|
|ventures and associates|||
|Gain on changes in fair value (“-” for loss)|0.00|0.00|
|Asset disposal income (“-” for loss)|0.00|-110,106.00|
|2. Operating profit (“-” for loss)|2,584,786,992.00|390,174,677.00|
|Add: Non-operating income|4,344,115.00|2,442,585.00|
|Less: Non-operating expense|2,108,640.00|797,870.00|
|3. Profit before tax (“-” for loss)|2,587,022,467.00|391,819,392.00|
|Less: Income tax expense|244,757,659.00|7,327,135.00|
|4. Net profit (“-” for net loss)|2,342,264,808.00|384,492,257.00|
|4.1 Net profit from continuing operations (“-” for net|||
||2,342,264,808.00|384,492,257.00|
|loss)|||
|4.2 Net profit from discontinued operations (“-” for net|||
||0.00|0.00|
|loss)|||
|5. Other comprehensive income, net of tax|-38,943,481.00|-21,301,621.00|
|5.1 Items that will not be reclassified to profit or loss|0.00|0.00|
|5.1.1 Changes in net liabilities or assets caused by|||
||0.00|0.00|
|remeasurements on defined benefit pension schemes|||
|5.1.2 Share of other comprehensive income of|||
|investees that will not be reclassified to profit or loss|0.00|0.00|
|under equity method|||

BOE Technology Group Co., Ltd. Third Quarter Report 2018
||||
|-|-|-|
|5.2 Items that may subsequently be reclassified to|||
||-38,943,481.00|-21,301,621.00|
|profit or loss|||
|5.2.1 Share of other comprehensive income of|||
|investees that will be reclassified to profit or loss under|0.00|0.00|
|equity method|||
|5.2.2 Gain/Loss on changes in fair value of|||
||-38,943,481.00|-21,301,621.00|
|available-for-sale financial assets|||
|5.2.3 Gain/Loss arising from reclassification of|||
|held-to-maturity investments to available-for-sale|0.00|0.00|
|financial assets|||
|5.2.4 Effective gain/loss on cash flow hedges|0.00|0.00|
|5.2.5 Differences arising from translation of foreign|||
||0.00|0.00|
|currency-denominated financial statements|||
|5.2.6 Other|0.00|0.00|
|6. Total comprehensive income|2,303,321,327.00|363,190,636.00|
|7. Earnings per share|||
|7.1 Basic earnings per share|0.0673|0.0110|
|7.2 Diluted earnings per share|0.0673|0.0110|

 7. Consolidated Cash Flow Statement forQ1~Q3
Unit: RMB
||||
|-|-|-|
|Item|Q1~Q3 2018|Q1~Q3 2017|
|1. Cash flows from operating activities:|||
|Proceeds from sale of commodities and rendering of|||
||60,772,530,957.00|68,660,537,726.00|
|services|||
|Net increase in customer deposits and interbank|||
||0.00|0.00|
|deposits|||
|Net increase in borrowings from 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|||
||0.00|0.00|
|holders|||
|Net increase in proceeds from disposal of financial|||
||0.00|0.00|
|assets at fair value through profit or loss|||
|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|

BOE Technology Group Co., Ltd. Third Quarter Report 2018
||||
|-|-|-|
|Tax rebates|6,005,730,169.00|6,141,348,934.00|
|Cash generated from other operating activities|4,515,605,387.00|1,189,087,137.00|
|Subtotal of cash generated from operating activities|71,293,866,513.00|75,990,973,797.00|
|Payments for commodities and services|38,238,359,784.00|43,814,203,995.00|
|Net increase in loans and advances to customers|0.00|0.00|
|Net increase in deposits in central bank and in|||
||0.00|0.00|
|interbank loans granted|||
|Payments for claims on original insurance contracts|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|7,486,983,925.00|6,008,117,704.00|
|Taxes paid|2,335,162,753.00|3,219,791,480.00|
|Cash used in other operating activities|4,935,757,639.00|4,457,853,330.00|
|Subtotal of cash used in operating activities|52,996,264,101.00|57,499,966,509.00|
|Net cash generated from/used in operating activities|18,297,602,412.00|18,491,007,288.00|
|2. Cash flows from investing activities:|||
|Proceeds from disinvestment|56,395,382,400.00|16,678,325,660.00|
|Investment income|640,439,103.00|253,736,670.00|
|Net proceeds from disposal of fixed assets, intangible|||
||24,665,452.00|58,162,797.00|
|assets and other long-lived assets|||
|Net proceeds from disposal of subsidiaries or other|||
||0.00|0.00|
|business units|||
|Cash generated from other investing activities|3,417,013,120.00|2,713,352,560.00|
|Subtotal of cash generated from investing activities|60,477,500,075.00|19,703,577,687.00|
|Payments for acquisition of fixed assets, intangible|||
||37,753,522,657.00|35,760,451,600.00|
|assets and other long-lived assets|||
|Payments for investments|54,265,549,688.00|30,495,761,172.00|
|Net increase in pledged loans granted|0.00|0.00|
|Net payments for acquisition of subsidiaries and other|||
||0.00|8,399,081.00|
|business units|||
|Cash used in other investing activities|505,424,898.00|1,150,788,952.00|
|Subtotal of cash used in investing activities|92,524,497,243.00|67,415,400,805.00|
|Net cash generated from/used in investing activities|-32,046,997,168.00|-47,711,823,118.00|
|3. Cash flows from financing activities:|||
|Capital contributions received|4,212,024,400.00|11,505,150,000.00|
|Including: Capital contributions by non-controlling|||
||4,212,024,400.00|11,505,150,000.00|
|interests to subsidiaries|||

BOE Technology Group Co., Ltd. Third Quarter Report 2018
||||
|-|-|-|
|Increase in borrowings obtained|28,080,875,769.00|32,033,861,904.00|
|Net proceeds from issuance of bonds|0.00|0.00|
|Cash generated from other financing activities|1,831,147,947.00|14,496,263.00|
|Subtotal of cash generated from financing activities|34,124,048,116.00|43,553,508,167.00|
|Repayment of borrowings|16,354,302,160.00|11,236,228,804.00|
|Payments for interest and dividends|5,874,569,087.00|4,307,704,845.00|
|Including: Dividends paid by subsidiaries to|||
||0.00|0.00|
|non-controlling interests|||
|Cash used in other financing activities|213,480,875.00|951,631,501.00|
|Subtotal of cash used in financing activities|22,442,352,122.00|16,495,565,150.00|
|Net cash generated from/used in financing activities|11,681,695,994.00|27,057,943,017.00|
|4. Effect of foreign exchange rate changes on cash and|||
||827,974,389.00|-927,057,213.00|
|cash equivalents|||
|5. Net increase in cash and cash equivalents|-1,239,724,373.00|-3,089,930,026.00|
|Add: Cash and cash equivalents, beginning of the period|47,913,287,583.00|49,354,810,388.00|
|6. Cash and cash equivalents, end of the period|46,673,563,210.00|46,264,880,362.00|

 8. Cash Flow Statement of the Company as the Parent forQ1~Q3
Unit: RMB
||||
|-|-|-|
|Item|Q1~Q3 2018|Q1~Q3 2017|
|1. Cash flows from operating activities:|||
|Proceeds from sale of commodities and rendering of|||
||3,396,625,349.00|879,853,858.00|
|services|||
|Tax rebates|25,803,518.00|13,333,576.00|
|Cash generated from other operating activities|624,672,967.00|614,660,499.00|
|Subtotal of cash generated from operating activities|4,047,101,834.00|1,507,847,933.00|
|Payments for commodities and services|398,673,820.00|331,019,244.00|
|Cash paid to and for employees|699,458,250.00|539,284,451.00|
|Taxes paid|367,901,747.00|220,220,479.00|
|Cash used in other operating activities|234,107,331.00|2,862,076,874.00|
|Subtotal of cash used in operating activities|1,700,141,148.00|3,952,601,048.00|
|Net cash generated from/used in operating activities|2,346,960,686.00|-2,444,753,115.00|
|2. Cash flows from investing activities:|||
|Proceeds from disinvestment|506,160,000.00|0.00|
|Investment income|785,144,132.00|1,605,616,700.00|
|Net proceeds from disposal of fixed assets, intangible|232,676.00|2,096.00|

BOE Technology Group Co., Ltd. Third Quarter Report 2018
||||
|-|-|-|
|assets and other long-lived assets|||
|Net proceeds from disposal of subsidiaries or other|||
||0.00|0.00|
|business units|||
|Cash generated from other investing activities|3,516,832,697.00|1,114,275,822.00|
|Subtotal of cash generated from investing activities|4,808,369,505.00|2,719,894,618.00|
|Payments for acquisition of fixed assets, intangible|||
||221,434,709.00|132,200,597.00|
|assets and other long-lived assets|||
|Payments for investments|18,757,457,360.00|17,159,624,980.00|
|Net payments for acquisition of subsidiaries and other|||
||0.00|0.00|
|business units|||
|Cash used in other investing activities|200,000,400.00|700,921,165.00|
|Subtotal of cash used in investing activities|19,178,892,469.00|17,992,746,742.00|
|Net cash generated from/used in investing activities|-14,370,522,964.00|-15,272,852,124.00|
|3. Cash flows from financing activities:|||
|Capital contributions received|0.00|0.00|
|Increase in borrowings obtained|10,367,000,000.00|15,833,000,000.00|
|Net proceeds from issuance of bonds|0.00|0.00|
|Cash generated from other financing activities|16,993,246,939.00|3,880,581.00|
|Subtotal of cash generated from financing activities|27,360,246,939.00|15,836,880,581.00|
|Repayment of borrowings|3,932,732,992.00|0.00|
|Payments for interest and dividends|2,255,848,689.00|1,566,799,827.00|
|Cash used in other financing activities|7,500,000,000.00|609,376,971.00|
|Sub-total of cash used in financing activities|13,688,581,681.00|2,176,176,798.00|
|Net cash generated from/used in financing activities|13,671,665,258.00|13,660,703,783.00|
|4. Effect of foreign exchange rate changes on cash and|||
||98,891,103.00|-7,909,075.00|
|cash equivalents|||
|5. Net increase in cash and cash equivalents|1,746,994,083.00|-4,064,810,531.00|
|Add: Cash and cash equivalents, beginning of the period|2,990,801,501.00|7,548,700,412.00|
|6. Cash and cash equivalents, end of the period|4,737,795,584.00|3,483,889,881.00|

 II IndependentAuditor’s Report
Indicate by tick mark whether the financial statements above have been audited by an independent auditor.□Yes√ No
These financial statements have not been audited by such an auditor.
Chairman of the Board(signature)：
Wang Dongsheng
Date of theBoard’s approval of this Report: 26 October 2018