Abstract of the Report for the First Quarter of 2015 of BOE Technology Group Co., Ltd. Stock code: 200725 Stock abbreviation: BOE B Announcement No.: 2015-027 BOE TECHNOLOGY GROUP CO., LTD.
Abstract of the Report for the First Quarter of 2015
Section I. Important Reminders
The Board of Directors, the Supervisory Committee, directors, supervisors and senior management staff of BOE Technology Group Co., Ltd. (hereinafter referred to as “the Company”) warrant that this report does not contain any false record or misleading statement or omit any material fact and shall hereby accept, individually and collectively, responsibility for the factuality, accuracy and completeness of the contents carried in this report. Mr. Wang Dongsheng, Chairman of the Board, Mr. Chen Yanshun, President of the Company, Ms. Sun Yun, chief of the accounting work, and Ms. Yang Xiaoping, chief of the accounting organ (chief of accounting), hereby confirm that the Financial Report enclosed in this report is factual, accurate and complete.
All directors have attended the board session for reviewing this report.
This report is prepared in both Chinese and English. Should there be any understanding discrepancy between the two versions, the Chinese version shall prevail.
Abstract of the Report for the First Quarter of 2015 of BOE Technology Group Co., Ltd. Section II. Financial Highlights& Change of Shareholders
I. Major accounting data and financial indexes
Does the Company adjust retrospectively or restate accounting data of previous years due to change of the accounting policy or correction of any accounting error?
□ Yes√ No
|||||
|-|-|-|-|
||Jan.- Mar. 2015|Jan.- Mar. 2014|+/- (%)|
|Operating revenues (RMB Yuan)|11,582,854,379.00|8,091,679,315.00|43.15%|
|Net profit attributable to shareholders of the Company|978,140,971.00|587,651,989.00||
||||66.45%|
|(RMB Yuan)||||
|Net profit attributable to shareholders of the Company|880,748,144.00|242,830,402.00|262.70%|
|after extraordinary gains and losses (RMB Yuan)||||
|Net cash flows from operating activities (RMB Yuan)|2,302,553,649.00|1,680,084,933.00|37.05%|
|Basic EPS (RMB Yuan/share)|0.028|0.043|-34.88%|
|Diluted EPS (RMB Yuan/share)|0.028|0.043|-34.88%|
|Weighted average ROE (%)|1.27%|1.15%|0.12%|
||31 Mar. 2015|31 Dec. 2014|+/- (%)|
|Total assets (RMB Yuan)|136,648,954,978.00|136,240,283,477.00|0.30%|
|Net assets attributable to shareholders of the Company|77,108,963,441.00|76,155,071,579.00||
||||1.25%|
|(RMB Yuan)||||

Note: The basic EPS for the same period of last year was based on the total shares of 13,521,542,341 in number. On 8 Apr. 2014, the total shares of the Company increased to 35,289,637,574 shares upon a private offering. Up to 31 Mar. 2015, the Company has bought back 136,569,831 shares. The basic EPS for the reporting period is weighted as such.
Items and amounts of extraordinary gains and losses
√ Applicable□ Inapplicable
Unit: RMB Yuan
||||
|-|-|-|
|Item|Jan.-Mar. 2015|Note|
|Gains/losses on the disposal of non-current assets (including the offset part of asset impairment|||
||-5,946,463.00|Naught|
|provisions)|||
|Tax rebates, reductions or exemptions due to approval beyond authority or the lack of official|||
||0.00|Naught|
|approval documents|||
|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 country’s unified|108,155,724.00|Naught|
|standards|||
|Capital occupation charges on non-financial enterprises that recorded into current gains and|||
||0.00|Naught|
|losses|||

Abstract of the Report for the First Quarter of 2015 of BOE Technology Group Co., Ltd.
||||
|-|-|-|
|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|0.00|Naught|
|investees when making the investments|||
|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|
|Gain/loss on debt restructuring|0.00|Naught|
|Expenses for business reorganization, such as expenses for staffing, reorganization etc.|0.00|Naught|
|Gain/loss on the part over the fair value due to transactions with distinctly unfair prices|0.00|Naught|
|Current gains and losses of subsidies acquired from business combination under the same|||
||0.00|Naught|
|control as from period-begin to combination date|||
|Gain/loss on contingent events irrelevant to the Company’s normal business|0.00|Naught|
|Gains and losses on change in fair value from tradable financial assets and tradable financial|||
|liabilities, as well as investment income from disposal of tradable financial assets and tradable|||
||0.00|Naught|
|financial liabilities and financial assets available for sales except for effective hedging related|||
|with normal businesses of the Company|||
|Reversal of provision for impairment that made impairment test independently|0.00|Naught|
|Gain/loss on loans obtained by entrusting others|0.00|Naught|
|Gain/loss on change of the fair value of investing real estate of which the subsequent|||
||0.00|Naught|
|measurement is carried out adopting the fair value method|||
|Effect on current gains/losses when a one-off adjustment is made to current gains/losses|||
||0.00|Naught|
|according to requirements of taxation, accounting and other relevant laws and regulations|||
|Custody fee income when entrusted with operation|0.00|Naught|
|Other non-operation income and expenses other than the above|0.00|Naught|
|Other gain/loss items that meet the definition of an extraordinary gain/loss|7,679,752.00|Naught|
|Less: Income tax effects|12,034,049.00|Naught|
|Minority interests effects (after tax)|462,137.00|Naught|
|Total|97,392,827.00|--|

 Explain the reasons if the Company classifies an item as an extraordinary gain/loss according to the definition in the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to thePublic—Extraordinary Gains and Losses, or classifies any extraordinary gain/loss item mentioned in the said explanatory announcement as a recurrent gain/loss item□ Applicable√ Inapplicable
No such cases in the reporting period.
Abstract of the Report for the First Quarter of 2015 of BOE Technology Group Co., Ltd. II. Total number of shareholders at the period-end and shares held by the top ten shareholders
1. Total number of common shareholders at the period-end and shares held by the top ten common shareholders
Unit: Share
|||||||||
|-|-|-|-|-|-|-|-|
|Total number of common shareholders at the||||||||
||601,471 (shareholders, including 565,030 A-share holders and 36,411 B-share holders)|||||||
|period-end||||||||
|Shares held by the top ten common shareholders||||||||
||||Shareholding|Number of the|Number of the|Pledged or frozen shares||
|Name of shareholder||Nature of shareholder||||||
||||percentage (%)|shares held|restricted shares held|Status of shares|Number of shares|
|Beijing State-owned Capital Operation and Management Center||State-owned Corporation|11.51%|4,063,333,333|4,063,333,333|||
|Chongqing Ezcapital Opto-electronics Industry Investment Co.,Ltd.||State-owned Corporation|8.50%|3,000,000,000|3,000,000,000|||
|||||||Pledged|1,414,150,000|
|Hefei Jianxiang Investment Co., Ltd.||State-owned Corporation|8.10%|2,857,142,857|2,857,142,857|||
|Minsheng Royal Fund-CMBC-Ping’an Trust-Ping’anFinance-Assembled Funds Trust Plan of Huitai No. 66||Other|6.75%|2,380,952,380|2,380,952,380|||
|Hua An Fund-HXB-Ping’an Trust-Ping’an Finance * AssembledFunds Trust Plan of Huitai No. 72||Other|6.75%|2,380,952,380|2,380,952,380|||
|Hua An Fund-ICBC-Zhongrong InternationalTrust-Zhongrong-Assembled Funds Trust Plan of Rongjing No. 1||Other|5.40%|1,904,761,904|1,904,761,904|||
|Ping’an Dahua Fund-Ping’an Bank-Asset Management Plan ofPing’an Dahua Ping’an Jincheng Wealth No. 31||Other|4.05%|1,428,571,428|1,428,571,428|||
|Ping'an Dahua Fund- Ping’an Bank-Asset Management Plan ofPing’an Dahua Ping’an Jincheng Wealth No. 34||Other|4.05%|1,428,571,428|1,428,571,428|||
|Shenzhen Ping’an Innovation Capital Investment Co., Ltd.||Domestic non-state-ownedcorporation|3.37%|1,190,476,190|1,190,476,190|||

Abstract of the Report for the First Quarter of 2015 of BOE Technology Group Co., Ltd.
|||||||||
|-|-|-|-|-|-|-|-|
|Beijing BOE Investment & Development Co., Ltd.||State-owned Corporation|2.44%|860,981,080|0|||
|Shares held by the top ten non-restricted common share holders||||||||
|||||||Type of shares||
|Name of shareholder|Number of non-restricted common shares held|||||||
|||||||Type|Number|
|Beijing BOE Investment & Development Co., Ltd.|860,981,080|||||RMB ordinary shares|860,981,080|
|Beijing Economic-Technological Investment &Development Corp.|677,423,641|||||||
|||||||RMB ordinary shares|677,423,641|
|Beijing BDA Technological Investment DevelopmentCo., Ltd.|574,000,000|||||||
|||||||RMB ordinary shares|574,000,000|
|Beijing Electronics Holdings Co., Ltd.|275,303,883|||||RMB ordinary shares|275,303,883|
|Hefei Xincheng State-Owned Assets Management Co.,Ltd.|274,848,276|||||||
|||||||RMB ordinary shares|274,848,276|
|Sinotrans Air TransportationDevelopment Co., Ltd.|81,800,000|||||||
|||||||RMB ordinary shares|81,800,000|
|Zhang Dingqiang|71,453,798|||||RMB ordinary shares|71,453,798|
|CSOP Asset Management- CSOP FTSE China A50ETF|48,874,400|||||RMB ordinary shares|48,874,400|
|ICBC—Rongtong Shenzheng 100 Index SecuritiesInvestment Fund|45,495,047|||||||
|||||||RMB ordinary shares|45,495,047|
|Bank of China Limited-Harvest Shanghai and Shenzhen 300 Exchange-traded Securities Investment Fund|43,159,525|||||||
|||||||RMB ordinary shares|43,159,525|
||1. When the Company completed private offering of shares in 2014, Beijing State-owned Capital Operation and Management Center|||||||
|Explanation on associated relationship or persons|transferred the 70% shares directly held to Beijing Electronic Shareholding Co., Ltd. for managing through Shares Management|||||||
|acting in concert among the above-mentioned|Protocol, and Beijing Electronic Shareholding Co., Ltd. acquired the shareholders rights except for the disposition rights and equity|||||||
|shareholders|rights attached to the equities; Beijing State-owned Capital Operation and Management Center maintained its voting rights of the rest|||||||
||30% equity directly held by itself in accordance with Beijing Electronic Shareholding Co., Ltd. through the agreement of the Voting|||||||

Abstract of the Report for the First Quarter of 2015 of BOE Technology Group Co., Ltd.
|||
|-|-|
||Rights Exercising Agreement;|
||2. BEIJING ECONOMIC-TECHNOLOGICAL INVESTMENT & DEVELOPMENT CORP. holds 49% shares of BEIJING BDA|
||TECHNOLOGICAL INVESTMENT DEVELOPMENT CO., LTD. Both of them are under the control of the Administration Committee|
||of Beijing Economic and Technological Development Zone, which makes them parties acting in concert.|
||3. When the Company completed private offering of shares in 2014, Hefei Jianxiang Investment Co., Ltd. and Chongqing Ezcapital|
||Opto-electronics Industry Investment Co., Ltd. maintained unanimous with the declaration of intention of Beijing BOE Investment &|
||Development Co., Ltd. when executing the voting rights of the whole shares held by the shareholders of the Company through the|
||agreement on the Voting Rights Exercising Agreement.|
||4. Except for relationship among the above shareholders, the Company is not aware of whether the other top ten shareholders exist|
||associated relationship or not, or they are persons acting in concert or not.|
|Top 10 common shareholders taking part in securities|Shareholder Zhang Dingqiang holds 71,453,798 shares in the Company through a client account of collateral securities for margin|
|margin trading (if any)|trading in Founder Securities Co., Ltd.|

Did any of theCompany’s top 10 common shareholders or top 10 non-restricted common shareholders conduct any buy-back upon agreement in the reporting period?
□ Yes√ No
No such cases in the reporting period.
2. Total number of preferred shareholders at the period-end and shares held by the top ten preferred shareholders
□ Applicable√ Inapplicable
Abstract of the Report for the First Quarter of 2015 of BOE Technology Group Co., Ltd. Section III. Significant Events
I. Significant changes of the major accounting statement items and financial indicators for the reporting period, as well as the reasons for these changes
√ Applicable□ Inapplicable
1. Operating revenues increased43% year on year mainly because new production lines went into mass production.
1. Operating revenues increased43% year on year mainly because new production lines went into mass production.
2. Operating costs increased34% year on year mainly because new production lines went into mass production.
3. Administrative expenses increased45% year on year because the consolidation scope enlarged and the effort inR&D was enhanced.
4. Asset impairment loss increased160% year on year mainly because falling price provisions were made for inventories at the lower between their costs and net realizable value.
5. Investment gains increased2183% year on year mainly because of the gains on the new wealth management products.
6. Non-operating incomes decreased72% year on year mainly because governmental subsidies were received in the same period of last year.
7. Income tax expenses increased258% year on year mainly because our main business continuously generated profits.
8. Prepayments decreased58% from the opening amount mainly because prepayments to suppliers decreased.
9. Notes payable increased111% from the opening amount mainly because some deals were settled using notes.
10 Interest payable decreased69% from the opening amount mainly because borrowing interest was paid.
11. Non-current liabilities due within one year increased5034% from the opening amount mainly because some long-term
borrowings became due within one year.
12、Net cash inflows from operating activities increased37% year on year mainly because new production lines went into mass production.
13. Net cash outflows from investing activities increased67% year on year mainly because the expenses on engineering and equipment procurement increased for construction of new projects.
14. Net cash inflows from financing activities decreased102% year on year mainly because the financing cash inflows increased in the same period of last year from the additional issue.
II. Progress of significant events and analysis& explanations on their influence and solutions√ Applicable□ Inapplicable
||||
|-|-|-|
||Date of|Website index to the disclosed|
|Overview of the significant event|||
||disclosure|relevant interim report|
|The controlling shareholder of the Company changed from Beijing BOEInvestment & Development Co., Ltd. to Beijing Electronics Holdings Co., Ltd.,and the actual controller remained Beijing Electronics Holdings Co., Ltd.|||
||12 Mar. 2015|http://www.cninfo.com.cn/|
|The Company had accumulatively repurchased B share of 136,569,831 sharesup to 31 Mar. 2015|||
||2 April.2015|http://www.cninfo.com.cn/|

Abstract of the Report for the First Quarter of 2015 of BOE Technology Group Co., Ltd. III. Commitments made by the Company or shareholders holding over5% of theCompany’s shares in the reporting period or such commitments carried down into the reporting period√ Applicable□ Inapplicable
|||||||
|-|-|-|-|-|-|
||Commitment||Date of making|Period of||
|Commitment||Contents|||Fulfillment|
||maker||commitment|commitment||
|Commitments of share reform||||||
|Commitments made in acquisition report||||||
|or in report on changes of equity||||||
|Commitments made in asset||||||
|reorganization||||||
||Beijing|||||
|||Committed that||||
||State-owned|||||
|||the shares||||
||Capital|||||
|||acquired from||||
||Operation and|||||
|||purchasing||||
||Management|||||
|||would not be||||
||Center, Hefei|||||
|||transferred from||||
||Jianxiang||8 Apr. 2014|36 months|In execution|
|||the first date of||||
||Investment Co.,|||||
|||issuing the||||
||Ltd., Chongqing|||||
|||newly increased||||
||Capital|||||
|||shares of the||||
||Photoelectricity|||||
|||issuer within 36||||
||Investment Co.,|||||
|||months||||
|Commitments made in IPO or refinancing.|Ltd.|||||
|||Committed that||||
||HuaAn Funds|the shares||||
||Management|acquired from||||
||Co., Ltd.|purchasing||||
||Minsheng Royal|would not be||||
||Fund|transferred from||||
||||8 Apr. 2014|12 months|In execution|
||Management|the first date of||||
||Co., Ltd., Ping|issuing the||||
||An Uob Fund|newly increased||||
||Management|shares of the||||
||Co., Ltd.|issuer within 12||||
|||months||||
|Other commitments made to the||||||
|Company’s minority shareholders||||||
|Executed in time or not?|Yes|||||
|Detailed reason for failing to execute and||||||
||Inapplicable|||||
|the plan for the next step (If any)||||||

Abstract of the Report for the First Quarter of 2015 of BOE Technology Group Co., Ltd. IV. Predict the operating results for Jan.-Jun. 2015
Warning of possible loss or considerable YoY change of the accumulated net profit made during the period-begin to the end of the next reporting period according to prediction, as well as explanations on the reasons:
□ Applicable□ Inapplicable
V. Securities investment
□ Applicable√ Inapplicable
No such cases in the reporting period.
VI. Shareholdings in other listed companies
√Applicable□Inapplicable
||||||||||
|-|-|-|-|-|-|-|-|-|
||||||Gain/loss|Changes in the|||
||||Percentage of||||||
|||Initial||Closing book|for report|equity of the|||
|Code of|Name of||the|||||Source of|
|||investment cost||value (RMB|period|owners in the|Accounting title||
|securities|securities||Company’s|||||stock|
|||(RMB Yuan)||Yuan)|(RMB|reporting period|||
||||equity (%)||||||
||||||Yuan)|(RMB Yuan)|||
||TPV||||||Financial assets||
|HK00903||134,658,158|1.04%|34,153,402|0|1,867,574||Subscribe|
||Technology||||||available-for-sale||
||Electronic||||||Financial assets|Stock-for-s|
|SH600658||90,160,428|1.69%|159,370,371|0|44,285,913|||
||City||||||available-for-sale|tock|
||Bank of||||||Financial assets||
|HK01963||120,084,375|0.93%|127,722,928|0|8,668,207||Subscribe|
||Chongqing||||||available-for-sale||
|Total||344,902,961|--|321,246,701|0|54,821,694|--|--|

 VII. Investments in derivatives
□ Applicable√ Inapplicable
No such cases in the reporting period.
Abstract of the Report for the First Quarter of 2015 of BOE Technology Group Co., Ltd. VIII. Researches, visits and interviews received in the reporting period
√Applicable□Inapplicable
|||||||
|-|-|-|-|-|-|
||||||Main discussion and materials provided|
|Time of reception|Place of reception|Way of reception|Visitor type|Visitor||
||||||by the Company|
|2015/01/14|The Company’s Conference Room|Field research|Institution|Orient Securities Co., Ltd.||
||||||Main discussion:|
|2015/01/23|Teleconference|By phone|Institution|Barclays Bank||
||||||1. The operating situation, the future|
|2015/01/23|The Company’s Conference Room|Field research|Institution and Individual|CICC, individual investors||
||||||development strategy of the Company;|
|2015/02/04|Teleconference|By phone|Institution|Highbridge Capital Management LLC||
||||||2. Industry conditions and development|
|||||Essence Securities Co., Ltd., China Life|trend;|
|||||Asset Management Co., Ltd., China Post &|3. Situation of the several production|
|2015/02/05|The Company’s Conference Room|Field research|Institution|Capital Fund Management Co., Ltd.,|lines of the Company;|
|||||Shangahi Zexi Investment Management|Materials provided by the Company:|
|||||Co., Ltd.||
||||||the 2013 Annual Report of the Company,|
|2015/02/12|Teleconference|By phone|Institution|Coatue Management|the 2014 Semi-annual Report, the Report|
|2015/03/05|Beijing 8.5G Line|Field research|Individual|Individual investor|for the Third Quarter of 2014, the|
||||||company brochure and other public|
|2015/03/09|The Company’s Conference Room|Field research|Institution|Oppenheimer||
||||||information.|
|||||Daiwa Securities, Sumitomo Mitsui Asset||
|2015/03/19|The Company’s Conference Room|Field research|Institution|||
|||||Management Company, Limited||

Abstract of the Report for the First Quarter of 2015 of BOE Technology Group Co., Ltd. Chairman of the Board: Mr. Wang Dongsheng (signature)
Date of the Board of Directors approving to report: 22 Apr 2015