2015 Semi-annual Report
August 2015
2015 Semi-annual Report of BOE Technology Group Co., Ltd. Section I. Important Reminders, Contents& Definitions
The Board of Directors, the Supervisory Committee as well as all directors, supervisors and senior management staff of BOE Technology Group Co., Ltd. (hereinafter referred to as “the Company”) warrant that this report is factual, accurate and complete without any false record, misleading statement or material omission. And they shall be jointly and severally liable for that.
All directors attended the board meeting for reviewing this report.
TheCompany’s profit distribution preplan upon review and approval of this board meeting: Based on the total shares of 35,153,067,743, a cash dividend of RMB 0.10 (tax included) and 0 bonus shares (tax included) will be distributed for every 10 shares held by shareholders, and 0 shares will be increased to all shareholders for every 10 shares held by them with the capital reserves.
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.
This report is prepared as perChina’s Accounting Standards for Business Enterprises and other relevant regulations.
This report is prepared in both Chinese and English. Should there be any understanding discrepancy between the two versions, the Chinese version shall prevail.
2015 Semi-annual Report of BOE Technology Group Co., Ltd. Contents
Section I. Important Reminders, Contents& Definitions .............................................................. 1 Section II. Company Profile .............................................................................................................. 4 Section III. Highlights of Accounting Data& Financial Indicators .............................................. 6 Section IV. Report of the Board of Directors ................................................................................... 9 Section V. Significant Events ........................................................................................................... 30 Section VI. Changes in Shares& Particulars about Shareholders.............................................. 40 Section VII. Preference Shares ....................................................................................................... 46 Section VIII. Directors, Supervisors& Senior Management Staff .............................................. 47 Section IX. Financial Report ........................................................................................................... 50 Section X. Documents Available for Reference ........................................................................... 187
2015 Semi-annual Report of BOE Technology Group Co., Ltd. Definitions
||||
|-|-|-|
|Term|Refers to|Contents|
|BOE, the Company, Company|Refers to|BOE Technology Group Co., Ltd.|
|Stock Listing Rules|Refers to|Stock Listing Rules of Shenzhen Stock Exchange (Revised in 2014)|
|SZSE, the Stock Exchange|Refers to|Shenzhen Stock Exchange|
|CSRC|Refers to|China Securities Regulation Commission|
|CSRC Beijing|Refers to|China Securities Regulation Commission Beijing Bureau|
|Articles of Association|Refers to|Articles of Association of BOE Technology Group Co., Ltd.|
|The ―Company Law‖|Refers to|The ―Company Law of the People’s Republic of China‖|
|The ―Securities Law‖|Refers to|The ―Securities Law of the People’s Republic of China‖|
|The cninfo website|Refers to|http://www.cninfo.com.cn/|
|BOEOST|Refers to|BOE Optical Science and Technology Co., Ltd.|
|Chengdu BOE|Refers to|Chengdu BOE Optoelectronics Technology Co., Ltd.|
|Hefei BOE|Refers to|Hefei BOE Optoelectronics Technology Co., Ltd.|
|BOE Display|Refers to|Beijing BOE Display Technology Co., Ltd.|
|Hefei Xinsheng|Refers to|Hefei Xinsheng Optoelectronics Technology Co., Ltd.|
|Yuansheng Optoelectronics|Refers to|Ordos Yuansheng Optoelectronics Co., Ltd.|
|Chongqing BOE|Refers to|Chongqing BOE Optoelectronics Technology Co., Ltd.|
|OASIS Hospital|Refers to|OASIS International Hospital|
|SID|Refers to|SID Display Week|

2015 Semi-annual Report of BOE Technology Group Co., Ltd. Section II. Company Profile
I. Basic information of the Company
|||||
|-|-|-|-|
|Stock abbreviation|BOE A, BOE B|Stock code|000725, 200725|
|Stock exchange listed with|Shenzhen Stock Exchange|||
|Chinese name of the Company|京东方科技集团股份有限公司|||
|Abbr. of the Chinese name of the Company (if any)|京东方|||
|English name of the Company (if any)|BOE TECHNOLOGY GROUP CO., LTD.|||
|Abbr. of the English name of the Company (if any)|BOE|||
|Legal representative of the Company|Wang Dongsheng|||

II. Contact information
||||
|-|-|-|
|Item|Company Secretary|Securities Affairs Representative|
|Name|Liu Hongfeng|-|
|Contact address|No. 10, Jiuxianqiao Road, Chaoyang District, Beijing, P.R.China|-|
|Tel.|010－64318888 ext.|-|
|Fax|010－64366264|-|
|E-mail|liuhongfeng@boe.com.cn|-|

III. Other information
1. Ways to contact the Company
Did any change occur to the registered address, office address and their postal codes, website address and email address of the Company during the reporting period?
□ Applicable√ Inapplicable
The registered address, office address and their postal codes, website address and email address of the Company did not change during the reporting period. The said information can be found in the 2014 Annual Report.
2. About information disclosure and where this report is placed
Did any change occur to information disclosure media and where this report is placed during the reporting period?
□ Applicable√ Inapplicable
The newspapers designated by the Company for information disclosure, the website designated by CSRC for disclosing this report
and the location where this report is placed did not change during the reporting period. The said information can be found in the 2014
Annual Report.
2015 Semi-annual Report of BOE Technology Group Co., Ltd. 3. Changes in the registered information
Did any change occur to the registered information during the reporting period?
□ Applicable√ Inapplicable
The registration date and place of the Company, its business license No., taxation registration No. and organizational code did not change during the reporting period. The said information can be found in the 2014 Annual Report.
2015 Semi-annual Report of BOE Technology Group Co., Ltd. Section III. Highlights of Accounting Data& Financial Indicators I. Major accounting data and financial indicators
Does the Company adjust retrospectively or restate accounting data of previous years due to change of any accounting policy or correction of any accounting error?
□ Yes√ No
|||||
|-|-|-|-|
|Item|Reporting period|Same period of last year|YoY +/- (%)|
|Operating revenues (RMB Yuan)|22,970,848,112.00|16,113,171,584.00|42.56%|
|Net profit attributable to shareholders of the|1,951,170,852.00|1,041,635,714.00||
||||87.32%|
|Company (RMB Yuan)||||
|Net profit attributable to shareholders of the||||
||1,576,397,937.00|550,289,218.00|186.47%|
|Company after extraordinary gains and||||
|losses (RMB Yuan)||||
|Net cash flows from operating activities|5,453,391,488.00|3,253,640,502.00||
||||67.61%|
|(RMB Yuan)||||
|Basic EPS (RMB Yuan/share)|0.055|0.050|10.00%|
|Diluted EPS (RMB Yuan/share)|0.055|0.050|10.00%|
|Weighted average ROE (%)|2.53%|2.38%|0.15%|
|Item|As at the end of the reporting period|As at the end of last year|+/- (%)|
|Total assets (RMB Yuan)|140,855,989,366.00|136,240,283,477.00|3.39%|
|Net assets attributable to shareholders of the|78,096,913,076.00|76,155,071,579.00||
||||2.55%|
|Company (RMB Yuan)||||

Did any change occur to the share capital and theowners’ equity was affected during the period from the end of the reporting period to the disclosure date of this report due to new issue, additional issue, allotment, exercise of equity incentive, buy-back, etc.?√ Yes□ No
|||
|-|-|
|Basic EPS based on the new share capital (RMB Yuan/share)|0.0555|

 II. Differences between accounting data under domestic and overseas accounting standards 1. Differences of net profit and net assets disclosed in financial reports prepared under international and Chinese accounting standards
□ Applicable√ Inapplicable
No difference.
2015 Semi-annual Report of BOE Technology Group Co., Ltd. 2. Differences of net profit and net assets disclosed in financial reports prepared under overseas and Chinese accounting standards
□ Applicable√ Inapplicable
No difference.
III. Items and amounts of extraordinary gains and losses
√Applicable□ Inapplicable
Unit: RMB Yuan
||||
|-|-|-|
|Item|Amount|Explanation|
|Gains/losses on the disposal of non-current assets (including the offset part of asset impairment|-7,766,899.00|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|406,391,203.00|Naught|
|course of business or granted at certain quotas or amounts according to the country’s unified|||
|standards|||
|Capital occupation charges on non-financial enterprises that were recorded into current gains and|0.00|Naught|
|losses|||
|Gains due to that the investment costs for the Company to obtain subsidiaries, associates and joint|0.00|Naught|
|ventures are lower than the enjoyable fair value of the identifiable net assets of the 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 control|0.00|Naught|
|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|0.00|Naught|
|liabilities, as well as investment income from disposal of tradable financial assets and tradable|||
|financial liabilities and financial assets available for sales except for effective hedging related with|||
|normal businesses of the Company|||
|Reversal of impairment provisions for the accounts receivable on which the impairment test was|0.00|Naught|
|carried out separately|||
|Gain/loss on loans obtained by entrusting others|0.00|Naught|

2015 Semi-annual Report of BOE Technology Group Co., Ltd.
||||
|-|-|-|
|Gain/loss on change of the fair value of investing real estate of which the subsequent measurement|0.00|Naught|
|is carried out adopting the fair value method|||
|Effect on current gains/losses when a one-off adjustment is made to current gains/losses according|0.00|Naught|
|to requirements of taxation, accounting and other relevant laws and regulations|||
|Custody fee income when entrusted with operation|0.00|Naught|
|Non-operating income and expenses other than the above|12,799,743.00|Naught|
|Other gain/loss items that meet the definition of an extraordinary gain/loss|0.00|Naught|
|Less: Income tax effects|35,414,794.00|Naught|
|Minority interests effects (after tax)|1,236,338.00|Naught|
|Total|374,772,915.00|--|

 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 during the reporting period.
2015 Semi-annual Report of BOE Technology Group Co., Ltd. Section IV. Report of the Board of Directors
I. Overview
In the first half of 2015, the battle field of competition for the semi-conductor display industry moved from technology, production capacity and prices to customer experience, product application expansion, industrial eco-chain, business model innovation, etc. The traditional five major fields saw falling product prices because of low market demands. Meanwhile, along with the hardware and software fusion, the application integration and the service-oriented transformation, the display industry embraced a fifth application tide with the application of the Internet of Things as its core. New technology, new markets and new applications arising from the fast growth in the eight major new application markets brought new opportunities for the display industry. Despite the complicated economic and market environments, our total assets exceeded RMB 140 billion and our net assets surpassed RMB 78 billion as at the end of the reporting period. For the first half of 2015, we achieved operating revenues of RMB 22.971 billion, up42.56% year on year, and net profit attributable to shareholders of the Company of RMB 1.951 billion, representing a rise of87.32% from the same period of last year. And our aggregate value at the capital market reached RMB 180 billion, up54% from last year. In the reporting period, we applied for 3,250 new patents and launched a series of world-leading innovative products, with which we went to important exhibitions at home and abroad such as CeBIT in Hannover, Germany, FINETECH in Japan, SID and Cine Gear in the US and CITE in Shenzhen, China. Our global influence kept growing. Operation in specific business divisions is as follows:
(1) Display business
The marketizing transformation and disruptive innovation were promoted in display business.
For the display business, the Company deepened customer orientation, confirmed the first supplier, promoted the marketing strategy of―protection andattack‖, positively exploited new marketing area and new strategic clients, and enhanced customer satisfaction. As a result, the total share of strategic customers for main products were raised, the market share of mid-and-small size products kept ranking the first, and the market share of TV products went up to11%, ranking up as the fourth in the world. The Company carried forward disruptive product innovation, and obtained good results in technologyR&D, product development, market promotion, and innovation management for new products and high-end products, such as the
1st
10K UHD display in the world, the
1st
color vision correction display, and the 941PPI4K-level mobile display with the highest resolution ratio in the world. Meanwhile, the Company established interactiveR&D and design platform with high efficiency to realize technology sharing and process innovation. The Company pushed strategic transformation of product lines, dug out the capacity of product lines, optimized product structure, and raised competitive power. The Company also strengthened training on capability of process engineering, improved obstinate bad products, and increased yield rate of product lines. The Company intensified the strategic partnership with suppliers to ensure stable supply and lower cost, and provided support for annual operating goal by adjustment on dualization, domestication, and structuralization. The Company intensified quality sense, and improved quick response to quality issues by perfecting quality management system, promoting construction of standardization and process, as well as well handling obstinate bad products. The Company propelled the process of key projects. The climbing output and yield rate of Chongqing Generation 8.5 line were improved. As scheduled, the Company shall quickly and efficiently carry forward the early-stage preparation and process engineering demonstration for projects of
Chengdu Generation 6 line, Hefei Generation 10.5 line, and Fuzhou Generation 8.5 line. And Chengdu Generation
2015 Semi-annual Report of BOE Technology Group Co., Ltd. 6 line has been put into operation on 8 May.
(2) Smart system business
For the smart system business, the Company further strengthened on market insight and identification of new products, new applications, and new channels, optimized planning process for disruptively innovative products and channel structures, and carried forward key consumption and commercial projects.
Smart system business: The Company clearly defined product strategies and product roadmaps, and tentatively set up high-end product systems around the core of Alta series, as well as the interactive online and offline marketing model. The Alta product won 2 international awards, the iF Gold Award and the Red Dot Award, gradually building its high-end brand image. Complete machine OEM business: the Company reinforced on enlarging new clients and introducing product certification, optimizedR&D process, developed new products, raised competitiveness, overfulfilled the business index plan, and obtained stable profit growth. Backlight module business: the Company positively expanded external markets and gained obvious effects, advanced outstanding operation management, raised operating efficiency, overfulfilled the business index plan, and realized the demand of―half more assignments accomplished after half more timepassed‖. Smart wearing business: The Company, based on internet thinking, researched on combination of wearing technology and finance service, and smoothly planned the
1st
BOE smart wearing product combined with mobile finance application.
(3) Health service business
The Company finished strategic planning and target setting, and clearly planned the strategic execution roadmap and action plan on health service business in future 5 years.
Health medical care business: With the plan of purchasing OASIS International Hospital going well as scheduled, the health medical care business successfully launched. The Company established strategic cooperation with Dignity Health, the globally well-known medical care company, and received strong support in aspects of management and operation, talents training, technology innovation, long-distance medical care cooperation, as well as resources sharing. The cloud platform project of health medical care went well. The IBM health big-data cooperation project officially started, aiming at establishing a big-data platform for BOE health management on the basis of cognitive computing, and offering support for the development of smart health medical care. The Company planned the layout of smart health science and technology industry park, and won periodic breakthrough. Industry park business: Under the commercial module of light-asset operation, the Company positively promoted business enlargement and project implementation, and improved profit and cash flow. II. Main business analysis
YoY movements in major financial data:
Unit: RMB Yuan
||||||
|-|-|-|-|-|
|Item|Reporting period|Same period of last year|YoY +/-%|Main reasons for movements|
||22,970,848,112.00|16,113,171,584.00||The new production lines were running|
|Operating revenues|||42.56%|at full capacity and the yields were sold|
|||||out.|
||17,509,610,448.00|12,630,118,473.00||Increased along with the growth in|
|Operating costs|||38.63%||
|||||operating revenues|
|Selling expenses|532,688,703.00|481,663,833.00|10.59%|-|
|Administrative expenses|2,252,419,046.00|1,698,855,995.00|32.58%|The new projects went into operation and|

2015 Semi-annual Report of BOE Technology Group Co., Ltd.
||||||
|-|-|-|-|-|
|||||the R&D inputs increased.|
|Financial expenses|176,341,089.00|106,739,572.00|65.21%|Expensed interest cost increased.|
||411,060,664.00|156,020,200.00||The main business generated more|
|Income tax expenses|||163.47%||
|||||profits.|
|R&D inputs|1,414,269,610.00|934,158,103.00|51.40%|R&D was enhanced.|
|Net cash flows from|5,453,391,488.00|3,253,640,502.00|||
||||67.61%|Operating results saw growth.|
|operating activities|||||
|Net cash flows from|-11,570,264,006.00|-9,406,248,514.00|||
||||23.01%|-|
|investing activities|||||
||1,699,283,524.00|30,604,020,368.00||The arrival of raised funds generated|
|Net cash flows from|||||
||||-94.45%|some cash inflows in the same period of|
|financing activities|||||
|||||last year.|
||-4,495,264,852.00|24,494,958,224.00||The arrival of raised funds generated|
|Net increase in cash and|||||
||||-118.35%|some cash inflows in the same period of|
|cash equivalents|||||
|||||last year.|

Major changes in the profit structure or sources of the Company during the reporting period:
□ Applicable√ Inapplicable
No major changes during the reporting period.
Reporting period progress of the future development planning in the disclosed documents of the Company such as share-soliciting prospectuses, offering prospectuses, asset reorganization reports, etc.:
□ Applicable√ Inapplicable
No such cases.
Review the reporting period progress of any previously disclosed business plan:
Chongqing 8.5G Line project: Put into production in this March, Chongqing 8.5G Line has now started mass production, with a smooth release of its production capacity and a steadily improving yield rate.
III. Breakdown of main business
Unit: RMB Yuan
|||||||||
|-|-|-|-|-|-|-|-|
||||||Increase/decrease|Increase/decrease|Increase/decrease|
|||||Gross|of operating|of operating cost|of gross profit|
||Operating|||||||
|||Operating cost||profit rate|revenue over the|over the same|rate over the same|
||revenue|||||||
|||||(%)|same period of|period of last year|period of last year|
||||||last year (%)|(%)|(%)|
|Classified by industry||||||||
|Display device|20,865,124,037.00||15,697,850,851.00|24.77%|48.07%|43.19%|2.57%|
|Intelligent system|3,812,170,284.00||3,520,053,099.00|7.66%|38.76%|39.54%|-0.52%|
|Intelligent health||||||||
||348,512,370.00||218,288,374.00|37.37%|13.37%|20.95%|-3.92%|
|service||||||||

2015 Semi-annual Report of BOE Technology Group Co., Ltd.
||||||||
|-|-|-|-|-|-|-|
|Other|325,890,582.00|5,956,099.00|98.17%|-4.42%|-5.59%|0.02%|
|Offset|-2,380,849,161.00|-1,932,537,975.00|18.83%|73.33%|85.50%|-5.33%|
|Classified by product|||||||
|Display devices|20,865,124,037.00|15,697,850,851.00|24.77%|48.07%|43.19%|2.57%|
|Intelligent|||||||
||3,812,170,284.00|3,520,053,099.00|7.66%|38.76%|39.54%|-0.52%|
|systems|||||||
|Intelligent health|||||||
||348,512,370.00|218,288,374.00|37.37%|13.37%|20.95%|-3.92%|
|service|||||||
|Other|325,890,582.00|5,956,099.00|98.17%|-4.42%|-5.59%|0.02%|
|Offset|-2,380,849,161.00|-1,932,537,975.00|18.83%|73.33%|85.50%|-5.33%|
|Classified by region|||||||
|China|10,423,935,040.00|7,810,513,563.00|25.07%|10.15%|15.05%|-3.19%|
|Other Asian|||||||
|countries and|9,688,474,487.00|7,515,877,756.00|22.42%|70.72%|52.54%|9.24%|
|regions|||||||
|Europe|1,129,809,921.00|842,777,512.00|25.41%|191.82%|145.62%|14.03%|
|America|1,643,543,862.00|1,275,908,578.00|22.37%|179.64%|123.39%|19.55%|
|Other regions|85,084,802.00|64,533,039.00|24.15%|Inapplicable|Inapplicable|Inapplicable|

 IV. Core competitiveness analysis
1. Reinforcing the foundation of core business, promoting the rapid development of new business and improving sustainable development capacity
In the first half year, BOE has expanded the new business of wisdom system and health services, optimized business layout and improved core competitiveness on the core foundation of display device. Division of display device: Chongqing 8.5G line has put into production in March; Chengdu 6G line, Fuzhou 8.5G line, Hefei 10.5G line and other new production lines have been implemented on schedule. Division of wisdom system: BOE proprietary terminal product, Alta, has been listed in the market successfully. Division of health services: the merger agreement has successfully signed with Oasis International Hospital; strategic memorandum of understanding is signed with American Dignity Health Group for the all-dimensional strategic cooperation and development of market in China; strategic cooperation agreement is signed with IBM to develop big data platform of health management based on cognitive computing and improve analysis and processing capacity of health and medical big data.
2. Further improving technology and product innovation capacity and launching a series of top innovative products
It is to achieve success with innovation by upholding the principle of innovation driving creation and continuous
technology and product innovation. For technological innovation, in the first half year, more than 3,250 patents
have been applied by BOE, including90% patents for invention. Until now, there are more than 320,000 patents
available for use. For the product innovation, in the first half year, BOE has launched a series of global leading
2015 Semi-annual Report of BOE Technology Group Co., Ltd. innovative products, including the first 10K ultrahigh definition display screen, first color correction screen and first 4K medium and small display screen with maximum resolution ratio in the world, in which82‖10K was a hit with audiences in SID exhibition and awarded the prize of Best In Show. Its resolution ratio is 5 times of 4K mobile display screen and 21 times of current full high definition (FHD) television. Pixel density of the 4.7 inch UHD display screen with global maximum resolution ratio reaches 941PPI. The global first9.55‖ flexible transparent OLED is also launched in the market. Furthermore, the terminal product, Alta, has been successfully launched in the market and been granted the international prizes of iF Gold Award and Red Dot Award.
3. Developing and maintaining strategic customers and segmenting market
Adhering to the principle of―deep collaboration, collaborative development and valueco-production‖, BOE has been the world leading supplier in the display field to establish the long-term and sustainable cooperative relationship with Samsung, LG, Hisense, Konka, Lenovo, Dell and HP. Besides strengthening and stabilizing cooperation, BOE is also devoted to optimize product structure, segment market, and improve market share in the five markets. Moreover, it has maintained the a leading market share of the first in mobile phone and tablet PC and the top five in the world laptop, displayer and television.
4. Improving the global influence of the brand by high-quality products and technologies
Alta press conference was held successfully to improve the high-end brand image by its conciseness, pureness and perfectionism. It has participated in the exhibitions to improve the global influence, such as CeBIT in Hanover Germany, FINETECH in Japan, SID and Cine Gear in U.S. and CITE in Shenzhen.
V. Investment analysis
1. Investments in equities of external parties
(1) Investments in external parties
√Applicable□ Inapplicable
||||
|-|-|-|
|Investments in external parties|||
|Investment amount in|||
|reporting period (RMB|Investment amount in same period of last year (RMB Yuan)|+/-%|
|Yuan)|||
|17,150,625.00|0.00|Inapplicable|
|Particulars about investees|||
|||Proportion of the Company’s|
|Name of investee|Main business|investment in the investee’s total|
|||equity interests (%)|
|Fuzhou BOE|Investment, construction, R&D, production and sales of the||
|Optoelectronics|relevant products of thin film transistor LCD and its auxiliary|19.00%|
|Technology CO,. Ltd|products||
||Equity investment in TMT (technology, media and||
|DanhuaCapital,L.P.||5.48%|
||telecommunication)||

2015 Semi-annual Report of BOE Technology Group Co., Ltd. (2) Equity-holdings in financial enterprises
□Applicable√ Inapplicable
No such cases in the reporting period.
(3) Investment in securities
□ Applicable√ Inapplicable
No such cases in the reporting period.
（4）Shareholdings in other listed companies
√ Applicable□ Inapplicable
||||||||||
|-|-|-|-|-|-|-|-|-|
|||||||Change of|||
|||Initial|The Company’s||Gain/loss for||||
|||||Closing book||owner’s equity|||
|||investment|shareholding||reporting|||Source|
|Stock code|Stock abbr.|||value (RMB||in the reporting|Accounting title||
|||amount (RMB|percentage in the||period|||of stock|
|||||Yuan)||period (RMB|||
|||Yuan)|investee (%)||(RMB Yuan)||||
|||||||Yuan)|||
|HK00903|TPV|134,658,158|1.04%|31,313,425|193,252.00|-972,403|Available-for-sale|Subscri|
||Technology||||||financial assets|ption|
|SH600658|Electronic|90,160,428|1.69%|148,568,929|2,553,068.00|33,484,471|Available-for-sale|Share|
||Zone||||||financial assets|swap|
|HK01963|Bank of|120,084,375|0.93%|147,030,814|0|27,976,093|Available-for-sale|Subscri|
||Chongqing||||||financial assets|ption|
|Total||344,902,961|--|326,913,168|2,746,320.00|60,488,161|--|--|

2015 Semi-annual Report of BOE Technology Group Co., Ltd. 2. Wealth management entrustment, derivative investments and entrustment loans
(1) Wealth management entrustment
√ Applicable□ Inapplicable
Unit: RMB Ten Thousand
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
|||||||||Principal||||
|||Related-party|||||||Impairment||Actual gain|
||Related-party|||Amount of|||Payment|||Anticipated||
|Name of trustee|||Type of products||Beginning date|Ending date||actually||||
|||transaction|||||||provision (if||or loss in|
||relation|||wealth|||determination|recovered in||income||
|||or not|||||||any)||current period|
|||||||||current period||||
||||Bank wealth||||Pledgeable|||||
|SPD Bank|No|No||10,000|2014/09/01|2015/02/28||10,000|0|78|78|
||||management product||||income|||||
||||Bank wealth||||Pledgeable|||||
|SPD Bank|No|No||15,000|2014/09/05|2015/03/04||15,000|0|125|125|
||||management product||||income|||||
||||Bank wealth||||Pledgeable|||||
|SPD Bank|No|No||1,000|2014/10/10|2015/01/08||1,000|0|1|1|
||||management product||||income|||||
||||Bank wealth||||Pledgeable|||||
|SPD Bank|No|No||15,000|2014/10/16|2015/04/14||15,000|0|207|207|
||||management product||||income|||||
||||Bank wealth||||Pledgeable|||||
|SPD Bank|No|No||1,000|2014/10/20|2015/01/17||1,000|0|2|2|
||||management product||||income|||||
||||Bank wealth||||Pledgeable|||||
|SPD Bank|No|No||10,000|2014/10/20|2015/01/18||10,000|0|23|23|
||||management product||||income|||||
||||Bank wealth||||Pledgeable|||||
|SPD Bank|No|No||1,000|2015/01/13|2015/04/13||1,000|0|11|11|
||||management product||||income|||||
||||Bank wealth||||Pledgeable|||||
|SPD Bank|No|No||1,000|2015/01/22|2015/04/22||1,000|0|11|11|
||||management product||||income|||||

2015 Semi-annual Report of BOE Technology Group Co., Ltd.
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
||||Bank wealth||||Pledgeable|||||
|SPD Bank|No|No||10,000|2015/03/04|2015/06/02||10,000|0|121|121|
||||management product||||income|||||
||||Bank wealth||||Pledgeable|||||
|SPD Bank|No|No||15,000|2015/04/16|2015/07/15||0|0|157|0|
||||management product||||income|||||
||||Bank wealth||||Pledgeable|||||
|SPD Bank|No|No||1,000|2015/04/16|2015/07/15||0|0|9|0|
||||management product||||income|||||
||||Bank wealth||||Pledgeable|||||
|SPD Bank|No|No||15,000|2015/04/30|2015/07/29||0|0|123|0|
||||management product||||income|||||
||||Bank wealth||||Pledgeable|||||
|SPD Bank|No|No||1,000|2015/05/08|2015/08/06||0|0|7|0|
||||management product||||income|||||
||||Bank wealth||||Pledgeable|||||
|SPD Bank|No|No||400|2015/05/29|2015/08/27||0|0|2|0|
||||management product||||income|||||
||||Bank wealth||||Pledgeable|||||
|Bank of China|No|No||10,000|2014/09/22|2015/01/05||10,000|0|5|5|
||||management product||||income|||||
||||Bank wealth||||Pledgeable|||||
|Bank of China|No|No||15,000|2014/09/25|2015/01/15||15,000|0|28|28|
||||management product||||income|||||
||||Bank wealth||||Pledgeable|||||
|Bank of China|No|No||15,000|2014/09/29|2015/01/26||15,000|0|49|49|
||||management product||||income|||||
||||Bank wealth||||Pledgeable|||||
|Bank of China|No|No||20,000|2014/10/16|2015/01/19||20,000|0|47|47|
||||management product||||income|||||
||||Bank wealth||||Pledgeable|||||
|Bank of China|No|No||10,000|2014/10/29|2015/02/06||10,000|0|46|46|
||||management product||||income|||||
||||Bank wealth||||Pledgeable|||||
|Bank of China|No|No||10,000|2015/01/06|2015/04/08||10,000|0|121|121|
||||management product||||income|||||
||||Bank wealth||||Pledgeable|||||
|Bank of China|No|No||15,000|2015/01/16|2015/04/16||15,000|0|178|178|
||||management product||||income|||||

2015 Semi-annual Report of BOE Technology Group Co., Ltd.
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
||||Bank wealth||||Pledgeable|||||
|Bank of China|No|No||20,000|2015/01/20|2015/04/20||20,000|0|237|237|
||||management product||||income|||||
||||Bank wealth||||Pledgeable|||||
|Bank of China|No|No||15,000|2015/01/27|2015/04/27||15,000|0|178|178|
||||management product||||income|||||
||||Bank wealth||||Pledgeable|||||
|Huishang Bank|No|No||10,000|2014/09/24|2015/01/14||10,000|0|17|17|
||||management product||||income|||||
||||Bank wealth||||Pledgeable|||||
|Huishang Bank|No|No||15,000|2014/10/15|2015/01/14||15,000|0|26|26|
||||management product||||income|||||
||||Bank wealth||||Pledgeable|||||
|Huishang Bank|No|No||20,000|2014/11/18|2015/03/05||20,000|0|161|161|
||||management product||||income|||||
||||Bank wealth||||Pledgeable|||||
|Huishang Bank|No|No||10,000|2014/11/19|2015/03/04||10,000|0|80|80|
||||management product||||income|||||
||||Bank wealth||||Pledgeable|||||
|Huishang Bank|No|No||25,000|2015/01/16|2015/04/15||25,000|0|293|293|
||||management product||||income|||||
||||Bank wealth||||Pledgeable|||||
|Huishang Bank|No|No||10,000|2015/03/06|2015/08/05||0|0|160|0|
||||management product||||income|||||
||||Bank wealth||||Pledgeable|||||
|Huishang Bank|No|No||20,000|2015/03/06|2015/08/05||0|0|321|0|
||||management product||||income|||||
||||Bank wealth||||Pledgeable|||||
|Huishang Bank|No|No||25,000|2015/04/17|2015/08/12||0|0|258|0|
||||management product||||income|||||
||||Bank wealth||||Pledgeable|||||
|Huishang Bank|No|No||20,000|2015/04/22|2015/08/05||0|0|193|0|
||||management product||||income|||||
||||Bank wealth||||Pledgeable|||||
|Huishang Bank|No|No||20,000|2015/05/29|2015/08/26||0|0|79|0|
||||management product||||income|||||
||||Bank wealth||||Pledgeable|||||
|Huishang Bank|No|No||30,000|2015/05/29|2015/08/26||0|0|118|0|
||||management product||||income|||||

2015 Semi-annual Report of BOE Technology Group Co., Ltd.
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
||||Bank wealth||||Pledgeable|||||
|Huishang Bank|No|No||35,000|2015/06/04|2015/09/16||0|0|112|0|
||||management product||||income|||||
||||Bank wealth||||Pledgeable|||||
|Huishang Bank|No|No||15,000|2015/06/05|2015/09/23||0|0|46|0|
||||management product||||income|||||
||||Bank wealth||||Pledgeable|||||
|Huishang Bank|No|No||20,000|2015/06/05|2015/09/10||0|0|62|0|
||||management product||||income|||||
||||Bank wealth||||Pledgeable|||||
|Everbright Bank|No|No||19,000|2014/11/20|2015/02/20||19,000|0|120|120|
||||management product||||income|||||
|Bank of|||Bank wealth||||Pledgeable|||||
||No|No||15,000|2014/12/08|2015/03/05||15,000|0|127|127|
|Communications|||management product||||income|||||
|Bank of|||Bank wealth||||Pledgeable|||||
||No|No||10,000|2015/02/09|2015/05/06||10,000|0|119|119|
|Communications|||management product||||income|||||
|Bank of|||Bank wealth||||Pledgeable|||||
||No|No||15,000|2015/03/04|2015/06/02||15,000|0|189|189|
|Communications|||management product||||income|||||
|Bank of|||Bank wealth||||Pledgeable|||||
||No|No||15,000|2015/03/06|2015/06/04||15,000|0|189|189|
|Communications|||management product||||income|||||
|Bank of|||Bank wealth||||Pledgeable|||||
||No|No||10,000|2015/04/10|2015/07/08||0|0|112|0|
|Communications|||management product||||income|||||
|Bank of|||Bank wealth||||Pledgeable|||||
||No|No||15,000|2015/04/20|2015/07/15||0|0|149|0|
|Communications|||management product||||income|||||
|Bank of|||Bank wealth||||Pledgeable|||||
||No|No||10,000|2015/05/08|2015/08/05||0|0|71|0|
|Communications|||management product||||income|||||
|Bank of|||Bank wealth||||Pledgeable|||||
||No|No||30,000|2015/05/29|2015/08/24||0|0|121|0|
|Communications|||management product||||income|||||
|Bank of|||Bank wealth||||Pledgeable|||||
||No|No||25,000|2015/06/11|2015/09/09||0|0|59|0|
|Communications|||management product||||income|||||

2015 Semi-annual Report of BOE Technology Group Co., Ltd.
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
|Industrial and||||||||||||
||||Bank wealth||||Pledgeable|||||
|Commercial|No|No||25,500|2014/12/24|2015/07/30||0|0|620|0|
||||management product||||income|||||
|Bank of China||||||||||||
|Industrial and||||||||||||
||||Bank wealth||||Pledgeable|||||
|Commercial|No|No||13,500|2014/12/31|2015/04/01||13,500|0|162|162|
||||management product||||income|||||
|Bank of China||||||||||||
|Industrial and||||||||||||
||||Bank wealth||||Pledgeable|||||
|Commercial|No|No||10,000|2015/01/20|2015/04/20||10,000|0|120|120|
||||management product||||income|||||
|Bank of China||||||||||||
|Industrial and||||||||||||
||||Bank wealth||||Pledgeable|||||
|Commercial|No|No||19,000|2015/02/28|2015/07/30||0|0|305|0|
||||management product||||income|||||
|Bank of China||||||||||||
|Industrial and||||||||||||
||||Bank wealth||||Pledgeable|||||
|Commercial|No|No||13,500|2015/04/02|2015/08/03||0|0|158|0|
||||management product||||income|||||
|Bank of China||||||||||||
|Industrial and||||||||||||
||||Bank wealth||||Pledgeable|||||
|Commercial|No|No||10,000|2015/04/22|2015/08/13||0|0|92|0|
||||management product||||income|||||
|Bank of China||||||||||||
|Industrial and||||||||||||
||||Bank wealth||||Pledgeable|||||
|Commercial|No|No||48,000|2015/06/05|2015/09/28||0|0|158|0|
||||management product||||income|||||
|Bank of China||||||||||||
||||Bank wealth||||Pledgeable|||||
|Industrial Bank|No|No||10,000|2015/06/15|2015/09/13||0|0|18|0|
||||management product||||income|||||
|Total||||814,900|--|--|--|371,500|0|6,581|3,071|
|Source of the entrusted funds||||Self-owned funds||||||||
|Cumulative overdue principals and gains||||0||||||||

2015 Semi-annual Report of BOE Technology Group Co., Ltd.
|||
|-|-|
|Lawsuit (if applicable)|Inapplicable|
|Disclosure date of the announcement about the board approving the||
||2015/04/21|
|wealth management entrustment (if any)||
|Disclosure date of the announcement about the general meeting||
||2015/05/21|
|approving the wealth management entrustment (if any)||

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD. (2) Derivatives investment
□ Applicable√ Inapplicable
No such cases in the reporting period.
(3) Entrustment loans
□ Applicable√ Inapplicable
No such cases in the reporting period.
3. Use of raised funds
√Applicable□ Inapplicable
（1）Overview of the use of raised funds
√Applicable□ Inapplicable
Unit: RMB Ten thousand
|||
|-|-|
|Total raised funds|4,488,471|
|Raised funds input in the reporting period|563,859|
|Raised funds accumulatively input|3,339,615|
|Raised funds with changed use in the reporting period|350,000|
|Accumulative raised funds with changed use|350,000|
|Proportion of accumulative raised funds with changed use (%)|7.80%|
|Overview of the use of raised funds||
|The total raised funds stood at RMB 45,712,999,989.30. After deducting the various issuance expense of RMB 828,294,936.66, the net raised funds via asset and cash subscription stood at||
|RMB 44,884,705,052.64, of which the actual net raised monetary funds stood at RMB 30,351,705,053.64. Up to 30 June 2015, we have input RMB 6,995,000,000.00 into subsidiary Hefei||
|Xinsheng for carrying out the Hefei 8.5G Line project, another RMB 2,500,000,000.00 into subsidiary Hefei Xinsheng for carrying out the touch screen production line project, RMB||

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
||
|-|
|2,500,000,000.00 into subsidiary Yuansheng Optoelectronics for carrying out the Ordos 5.5G Line project, RMB 15,200,000,000.00 into subsidiary Chongqing BOE for carrying out the|
|Chongqing 8.5G Line project, supplemented our working capital with RMB 1,651,705,053.34 and paid RMB 305,453,579.32 as issuance expense. The remaining raised funds of RMB|
|1,864,134,439.24 (including the derivative interest of RMB 263,592,381.57 for the raised funds) are deposited in our special deposit account for raised funds.|

（2）Projects invested with raised funds as promised
√Applicable□ Inapplicable
Unit: RMB Ten thousand
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
|Projects invested with||||||Investment|Date when the||||
||Project changed or|Raised|Investment|Input in the|Accumulative|||Profit generated|Reach the|Material change|
|raised capital as promised||||||progress up to|project reaches the||||
||not (including|capital input|after|reporting|input up to the|||in the reporting|expected profit|in the project|
|and investments with||||||the period-end|expected usable||||
||partially changed)|as promised|adjustment (1)|period|period-end (2)|||period|or not|feasibility or not|
|over-raised capital||||||(%)(3)＝(2)/(1)|condition||||
|Projects invested with raised capital as promised|||||||||||
|1. Hefei 8.5G Line Project|No|700,000|700,000|209,754|548,065|78.29%|2014/10/01|597,085|Inapplicable|No|
|2. Touch Screen|||||||||||
||No|250,000|250,000|43,972|227,537|91.01%|Q4,2015|0|Inapplicable|No|
|Production Line Project|||||||||||
|3. Ordos 5.5G Line Project|N o|400,000|400,000|23,189|247,119|61.78%|Q4,2015|0|Inapplicable|No|
|4. Chongqing 8.5G Line|||||||||||
||Yes|1,520,000|1,170,000|286,944|698,423|59.69%|Q3,2015|0|Inapplicable|No|
|Project|||||||||||
|5. Supplementing the|||||||||||
||No|165,171|165,171|0|165,171|100.00%|Inapplicable|Inapplicable|Inapplicable|No|
|working capital|||||||||||
|6. Subscription to equity|||||||||||
||No|853,300|853,300|0|853,300|100.00%|Inapplicable|Inapplicable|Inapplicable|Inapplicable|
|interests in BOE Display|||||||||||
|7. Subscription to|||||||||||
|creditor’s rights on Hefei|No|600,000|600,000|0|600,000|100.00%|Inapplicable|Inapplicable|Inapplicable|Inapplicable|
|Jianxiang|||||||||||
|Subtotal of promised|--|4,488,471|4,138,471|563,859|3,339,615|--|--|Inapplicable|--|--|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
|investment projects|||||||||||
|Investments of over-raised capital|||||||||||
|Total|--|4,488,471|4,138,471|563,859|3,339,615|--|--|Inapplicable|--|--|
|Reason for failing to reach|||||||||||
|scheduled progress or|||||||||||
||No such cases in the reporting period.||||||||||
|projected income (explain|||||||||||
|one project by one project)|||||||||||
|Explanation on significant|||||||||||
|changes in feasibility of|Naught||||||||||
|projects|||||||||||
|Amount, usage and usage|||||||||||
|progress of over-raised|Inapplicable||||||||||
|capital|||||||||||
|Change of the|||||||||||
|implementation location of|||||||||||
||Inapplicable||||||||||
|any raised funds|||||||||||
|investment project|||||||||||
|Adjustment of the|||||||||||
|implementation method of|||||||||||
||Inapplicable||||||||||
|any raised funds|||||||||||
|investment project|||||||||||
|Advanced input and|||||||||||
|exchange of any raised|Inapplicable||||||||||
|funds investment project|||||||||||
|Idle raised capital for|||||||||||
|temporarily supplementing|Inapplicable||||||||||
|working capital|||||||||||

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
|||
|-|-|
|Outstanding raised funds||
|in project implementation|Inapplicable|
|and reasons||
|Usage and whereabouts of||
||The unused raised capital will be input to promise investment projects as planned.|
|unused raised capital||
|Problems found in the||
|usage and disclosure||
||Naught|
|affairs of raised capital and||
|other situations||

（3）Changes in raised-funds-invested projects
√ Applicable□ Inapplicable
Unit: RMB Ten thousand
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|||Total raised funds|||||||Material change|
||||||Investment|Date when the||||
|||planned to be||Actual cumulative|||Profit generated in|Reach the|in the|
|Project after|Project before||Actual input for||progress up to the|project reaches||||
|||input for the||input by|||the reporting|expected profit or|after-change|
|change|change||reporting period||period-end (3)＝|the expected||||
|||project after||period-end (2)|||period|not|project feasibility|
||||||(2)/(1)|usable condition||||
|||change (1)|||||||or not|
|Chongqing 8.5G||||||||||
||Chongqing 8.5G|||||||||
|30K production||350,000|11,324|11,324|3.24%|2Q,2016|0|Inapplicable|No|
||Line Project|||||||||
|expansion project||||||||||
|Total|--|350,000|11,324|11,324|--|--|0|--|--|
||||Considering the narrowing profit margin for touch screen due to increasingly fierce competition, our analysis of market trends and the|||||||
|Reasons for change, decision-making procedure and|||actual situation of the project, the use of some raised funds has been adjusted according to the Proposal for Adjusting Use of Some|||||||
|relevant information disclosure (explain one project by|||Raised Funds to Invest in Chongqing 8.5G Line 30K Production Expansion Project which was reviewed and approved at the 23rd|||||||
|one project)|||Meeting of the Seventh Board of Directors dated 19 April 2015 and later at the 2014 Annual General Meeting dated 20 May 2015. The|||||||
||||adjustment details have been disclosed in the Announcement No. 2015-022 of BOE Technology Group Co., Ltd. on Adjusting Use of|||||||

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
|||
|-|-|
||Some Raised Funds to Invest in Chongqing 8.5G Line 30K Production Expansion Project dated 20 April 2015.|
|Reason for failing to reach scheduled progress or||
||Inapplicable|
|projected income (explain one project by one project)||
|Explanation on significant changes in feasibility of||
||No significant changes.|
|projects after change||

（4）Projects invested with raised funds
||||
|-|-|-|
|Overview of raised-funds-invested projects|Disclosure date|Disclosure index|
|Special Report on Deposit and Actual Use of Raised Funds|25 August 2015|www.cninfo.com.cn|

4. Analysis to main subsidiaries and shareholding companies
√ Applicable□ Inapplicable
Main subsidiaries and shareholding companies:
Unit: RMB Yuan
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
||Company|||Registered|||Operating|||
|Company name||Industry|Main products/services||Total assets|Net assets||Operating profit|Net profit|
||variety|||capital|||revenues|||
|||||RMB||||||
|Beijing BOE Display||Semi-conductor|Development and production of|||||||
||Subsidiary|||17.3772|30,980,898,743.00|19,866,873,669.00|8,193,538,559.00|1,273,568,985.00|1,139,458,311.00|
|Technology Co., Ltd.||display|TFT-LCD|||||||
|||||billion||||||
||||Investment, construction, R&D,|||||||
|Hefei Xinsheng|||production and sales of the|||||||
|||Semi-conductor||RMB 19.5||||||
|Optoelectronics|Subsidiary||relevant products of thin film||37,023,671,945.00|20,781,975,921.00|6,052,827,957.00|989,997,969.00|900,950,095.00|
|||display||billion||||||
|Technology Co., Ltd.|||transistor LCD and its auxiliary|||||||
||||products|||||||

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD. 5. Significant projects invested with non-raised funds
□ Applicable√ Inapplicable
No such cases in the reporting period.
VI. Predict the operating results of Jan.-Sept. 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
VII. Explanation by the Board of Directors and the Supervisory Committee about the “non-standard audit report” issued by the CPAs firm for the reporting period
□ Applicable√ Inapplicable
VIII. Explanation by the Board of Directors about the “non-standard audit report” for last year
□ Applicable√ Inapplicable
IX. Implementation of profit allocation during the reporting period
Profit allocation plan implemented during the reporting period, especially execution and adjustment of the cash dividend plan and the plan for turning capital reserve into share capital:
□ Applicable√ Inapplicable
As the profit allocation plan for last year, the Company did not distribute cash dividends or bonus shares or turn capital reserve into share capital.
X. Preplan for profit distribution and turning capital reserve into share capital for the reporting period
√ Applicable□ Inapplicable
|||
|-|-|
|Bonus shares for every 10 shares (share)|0|
|Dividend for every 10 shares (RMB Yuan) (tax included)|0.10|
|Increased shares for every 10 shares (share)|0|
|Total shares as the basis for the distribution preplan (share)|35,153,067,743|
|Total cash dividends (RMB Yuan) (tax included)|351,530,677.43|
|Distributable profit (RMB Yuan)|464,777,016.00|
|Percentage of the cash dividends in the total distributed profit (%)|100.00%|
|Cash dividend policy:||

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
||
|-|
|Where the Company is in the growth stage and has any major spending plan, cash dividends distributed shall account for at least 20%|
|in the profit distribution.|
|Details about the pre-plan for profit distribution and turning capital reserve into share capital|
|As the profit distribution pre-plan for the reporting period, the Company intends to, based on its total shares of 35,153,067,743,|
|distribute a cash dividend of RMB 0.1 (tax included) to all shareholders for every 10 shares they hold, without bonus shares or|
|turning capital reserves into share capital. The said pre-plan is in compliance with the Company’s Articles of Association and relevant|
|approval procedure, and the independent directors have expressed their independent opinion on the pre-plan, which fully protects the|
|legal rights and interests of the minority investors.|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD. XI. Registration form of receiving investigation& research, communication and interviews
√ Applicable□ Inapplicable
|||||||
|-|-|-|-|-|-|
||||||Main content of discussion and|
|Reception date|Reception place|Reception way|Type of visitor|Visitor||
||||||materials provided by the Company|
||Meeting Room of the|||||
|14 Jan. 2015||Field research|Institution|Orient Securities Co., Ltd.||
||Company|||||
|||Telephone||||
|23 Jan. 2015|Teleconference||Institution|Barclays Bank||
|||communication||||
||Meeting Room of the|||||
||||||Main contents of discussion:|
|23 Jan. 2015||Field research|Institution|China International Capital Corporation Ltd., individual investor||
||Company|||||
||||||1. Information about corporate operation|
|||Telephone|Institution&|||
||||||and future development strategy.|
|4 Feb. 2015|Teleconference|||Highbridge Capital Management LLC||
|||communication|Individual|||
||||||2. Industry situation and development|
|||||Essence Securities Co., Ltd., China Life Insurance Asset Management Co.,|tendency.|
||Meeting Room of the|||||
|5 Feb. 2015||Field research|Institution|Ltd., China Post & Capital Fund Management Co.,Ltd., Shanghai Zexi|3. Information about certain production|
||Company|||||
|||||Investment Management Co., Ltd.|lines of the Company;|
|||Telephone|||Materials provided:|
|12 Feb. 2015|Teleconference||Institution|Coatue Management||
|||communication|||2013 Annual Report, 2014 Semi-annual|
||Beijing No. 8.5||||Report, 2014 Third Quarter Report and|
|5 Mar. 2015||Field research|Individual|Individual investor||
||||||Corporate brochure.|
||generation line|||||
||Meeting Room of the|||||
|9 Mar. 2015||Field research|Institution|Oppenheimer||
||Company|||||
||Meeting Room of the|||||
|19 Mar. 2015||Field research|Institution|Daiwa Securities, Sumitomo Mitsui Asset Management Company, Limited||
||Company|||||
|||||Orient Securities Company Limited, GTJA Allianz Fund management Limited||
|||Telephone|||Main contents of discussion:|
|23 Apr. 2015|Teleconference||Institution|Company, Guosen Securities Assets Management Department, QHKY Asset||
|||communication|||1. Information about corporate operation|
|||||Management Co., Ltd.||

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
|||||||
|-|-|-|-|-|-|
||Meeting Room of the||||and future development strategy.|
|24 Apr. 2015||Field research|Institution|Keywise Capital||
||Company||||2. Industry situation and development|
|||Telephone|||tendency.|
|29 Apr. 2015|Teleconference||Institution|Highbridge Capital Management LLC||
|||communication|||3. Information about certain production|
||||||lines of the Company;|
|||Telephone||||
|30 Apr. 2015|Teleconference||Institution|D.E. SHAW||
||||||Materials provided:|
|||communication||||
||||||2014 Annual Report, 2014 First Quarter|
||Meeting Room of the|||||
|5 May 2015||Field research|Institution|Nomura Securities|Report and Corporate brochure.|
||Company|||||
||Meeting Room of the|||||
|7 May 2015||Field research|Institution|Qualcomm securities, UBS, BARCLAYS||
||Company|||||
|||Telephone||||
|12 May 2015|Teleconference||Institution|Ashmore||
|||communication||||
|||Telephone||||
|19 May 2015|Teleconference||Institution|Mizuho||
|||communication||||
||Meeting Room of the|||||
|25 May 2015||Field research|Institution|Columbus Circle Investors||
||Company|||||
||Meeting Room of the|||||
|10 Jun. 2015||Field research|Institution|Rongtong Fund Management Co., Ltd.||
||Company|||||
|||||Golden Eagle Asset Management Co., Ltd., Fuanda Fund Management Co.,||
|||Telephone||||
|23 Jun. 2015|Teleconference||Institution|Ltd., Orient Securities Co., Ltd., China Asset Management Co., Ltd., E Fund||
|||communication||||
|||||Management Co., Ltd., Founder Fubon Fund Management Co., Ltd.||
|||||HSBC Securities, Shanghai Milestone Asset Management Co., Ltd., Sinolink||
||Meeting Room of the|||Securities Co Ltd., Founder Fubon Fund Management Co., Ltd., Zexi||
|24 Jun. 2015||Field research|Institution|||
||Company|||Investment Management Co., Ltd., Minsheng Securities Co., Ltd., Shanghai||
|||||Securities Co., Ltd.||

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD. Section V. Significant Events
I. Corporate governance
The situation of theCompany’s governance did not differ in principle from the Company Law and the relevant CSRC requirements in the reporting period.
II. Significant lawsuits or arbitrations
Significant lawsuits and arbitrations
□ Applicable√ Inapplicable
The Company was not involved in any significant lawsuit or arbitration in the reporting period.
Other lawsuits
□ Applicable√ Inapplicable
III.Media’s queries
□Applicable√Inapplicable
There was nomedia’s common query during the reporting period.
IV. Bankruptcy reorganization
□ Applicable√ Inapplicable
No event involving bankruptcy reorganization occurred to the Company in the reporting period.
V. Asset transactions
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD. 1. Purchase of assets
√ Applicable□ Inapplicable
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
|||||||||Relationship between|||
|||Transaction||||Ratio of the net|||||
|||||||||the transaction party|||
|Transaction||price||Influence on the||profit contributed|Related-party||||
||Asset acquired||||Influence on the|||and the Company|Disclosure|Disclosure|
|party or ultimate||(RMB Ten|Progress|Company’s||by the asset to the|transaction||||
||or bought in||||Company’s gain/loss|||(applicable for|date|index|
|controller||thousand||operation||Company to the|or not||||
|||||||||related-party|||
|||Yuan)||||total profit (%)|||||
|||||||||transactions)|||
||||The equities||||||||
||||||The net profit||||||
||||involved had all|Purchased the|||||||
||||||contributed to the||||||
||||transferred, and|European Company|||||||
||100% equity of||||listed companies||||||
||||had completed the|as the overseas|||||||
||BOE||||from the purchasing||||||
|Zhang Jian||38.9|industrial and|platform, which met||0.07%|No|Inapplicable|Inapplicable|Inapplicable|
||Technology||||date to the end of the||||||
||||commercial|with the strategic|||||||
||Europe GmbH||||reporting period was||||||
||||registration|layout of the|||||||
||||||of RMB 145.4 ten||||||
||||change|Company.|||||||
||||||thousand yuan.||||||
||||procedures.||||||||

2. Sale of assets
□ Applicable√ Inapplicable
The Company was not involved with any sale of assets during the reporting period.
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD. 3. Business combination
√ Applicable□ Inapplicable
The Company included BOE Technology Europe GmbH and Chongqing BOE Display Lighting Co., Ltd. in the consolidation scope, which had no influence on the business continuity and the management stability.
VI. Implementation of equity incentive and its influence
□ Applicable√ Inapplicable
The Company did not make or carry out any equity incentive plan during the reporting period.
VII. Significant related-party transactions
1. Related-party transactions concerning routine operation
□ Applicable√ Inapplicable
There was no any related-party transaction concerning routine operation.
2. Related-party transactions arising from acquisition and sale of assets
□ Applicable√ Inapplicable
No related-party transaction arising from acquisition or sale of assets occurred to the Company during the reporting period.
3. Related-party transactions arising from joint investment in external parties
□ Applicable√ Inapplicable
No related-party transaction arising from joint investment in external parties occurred to the Company during the reporting period. 4. Credits and liabilities with related parties
□ Applicable√ Inapplicable
No credit or liability occurred between the Company and related parties during the reporting period.
5. Other significant related-party transactions
√ Applicable□ Inapplicable
Naught
The website to disclose the interim announcements on significant related-party transactions
||||
|-|-|-|
||Disclosure date of the|Website where the interim|
|Title of the interim announcement|||
||interim announcement|announcement was disclosed|
|Announcement on the Prediction of 2015 Annual RoutineRelated Transaction of BOE Technology Group Co., Ltd.|||
||21 Apr. 2015|www.cninfo.com.cn|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD. VIII. Occupation of theCompany’s funds for non-operating purposes by the controlling shareholder and its related parties
□ Applicable√ Inapplicable
The controlling shareholder or its related parties did not occupy theCompany’s funds for non-operating purposes during the reporting period.
IX. Significant contracts and fulfillment thereof
1. Trusteeship, contracting and leasing
(1) Trusteeship
□ Applicable√ Inapplicable
The Company did not make any entrustment in the reporting period.
(2) Contracting
□ Applicable√ Inapplicable 2
The Company was not involved in any contracting in the reporting period.
(3) Leasing
□ Applicable√ Inapplicable
The Company was not involved in any leasing in the reporting period.
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD. 2. Guarantees provided by the Company
√ Applicable□ Inapplicable
Unit: RMB Ten Thousand Yuan
||||||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
|Guarantees provided by the company for external parties (excluding those for subsidiaries)|||||||||||||||||
||Disclosure date||||||||||||||||
||on relevant||||||||||||||Guarantee for||
||||Amount for||Actual occurrence date||Actual guarantee||||||Executed or||||
|Guaranteed party|announcement of|||||||||Type of guarantee|Period of guarantee||||a related party||
||||guarantee||(date of agreement)||amount||||||not||||
||guaranteed||||||||||||||or not||
||amount||||||||||||||||
|Total guarantee line approved for external|||||||Total actual occurred amount of guarantee for||||||||||
|parties during the reporting period|||0||||external parties during the reporting period||||0||||||
|(A1)|||||||(A2)||||||||||
|Total guarantee line that has been approved for|||||||||||||||||
||||||||Total actual guarantee balance for external||||||||||
|external parties at the end of the reporting|||0||||||||0||||||
||||||||parties at the end of the reporting period (A4)||||||||||
|period (A3)|||||||||||||||||
|Guarantees provided by the company for its subsidiaries|||||||||||||||||
|||Disclosure date on||Amount||Actual occurrence||||||||||Guarantee|
|||||||||Actual guarantee||||||Executed|||
|Guaranteed party||relevant announcement||for||date (date of|||Type of guarantee|||Period of guarantee||||for a related|
|||||||||amount||||||or not|||
|||of guaranteed amount||guarantee||agreement)||||||||||party or not|
|Ordos Yuansheng Optoelectronics Co.,|||||||||||||||||
|||2 Apr. 2013||450,000||22 May 2013||443,453|Pledge|||17 Jun. 2013 – 9 Jun. 2021||No||No|
|Ltd.|||||||||||||||||
|Beijing BOE Display Technology Co.,|||||||||||||||||
|||14 Aug. 2014||1,050,000||30 Sep. 2014||539,588|Joint liability guarantee|||27 Jan. 2011 – 26 Jan. 2020||No||No|
|Ltd.|||||||||||||||||
|Hefei Xin Sheng Optoelectronics||||||||||||25 Mar. 2014 – 28 Feb.|||||
|||14 Aug. 2014||300,000||8 Dec. 2014||86,000|Joint liability guarantee|||||No||No|
|Technology Co., Ltd.||||||||||||2019|||||
|Ordos Yuan Sheng Optoelectronics||14 Aug. 2014||450,000||30 Sep. 2014||443,453|Joint liability guarantee|||17 Jun. 2013 – 9 Jun. 2021||No||No|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
|||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
|Co., Ltd.||||||||||||||
|Chongqing BOE Optoelectronics||||||||||||||
|||14 Aug. 2014||1,320,000||29 Sep. 2014||654,155||Joint liability guarantee|5 Nov. 2014 – 5 Nov. 2022|No|No|
|Technology Co., Ltd.||||||||||||||
|Hefei Xin Sheng Optoelectronics||||||||||||||
|||14 Aug. 2014||1,131,016||15 Jan. 2015||1,131,016||Joint liability guarantee|6 Jan. 2014 – 6 Jan. 2022|No|No|
|Technology Co., Ltd.||||||||||||||
|Hefei BOE Optoelectronics Co., Ltd.||14 Aug. 2014||705,224||12 Mar. 2015||514,265||Joint liability guarantee|23 Jun. 2010 – 23 Jun. 2019|No|No|
||||||||||||From the date of the|||
|Chongqing BOE Optoelectronics||||||||||||||
|||14 Aug. 2014||300,000||25 May 2015||60,000||Joint liability guarantee|establishing the letter of|No|No|
|Technology Co., Ltd.||||||||||||||
||||||||||||guarantee – 31 Dec. 2020|||
|||||||||The total amount of actual occurrence of||||||
|The total amount of guarantee limits for subsidiaries approved||||||||||||||
|||||0||||guarantee for subsidiaries in the reporting|||1,226,535|||
|in the reporting period (B1)||||||||||||||
|||||||||period (B2)||||||
|||||||||The total balance of actual guarantee for||||||
|The total amount of guarantee for subsidiaries approved up to||||||||||||||
|||||5,256,240||||subsidiaries up to the end of reporting|||3,428,477|||
|the end of reporting period (B3)||||||||||||||
|||||||||period (B4)||||||
|Guarantees provided by the subsidiaries for their subsidiaries||||||||||||||
||Disclosure date on|||||||||||||
||||||Actual occurrence||||||||Guarantee|
||relevant||Amount for||||Actual guarantee|||||Executed||
|Guaranteed party|||||date (date of||||Type of guarantee||Period of guarantee||for a related|
||announcement of||guarantee||||amount|||||or not||
||||||agreement)||||||||party or not|
||guaranteed amount|||||||||||||
|Ordos Yuan Sheng||||||||||||||
||2 Apr. 2013||450,000||22 May 2013||443,453||Pledge||17 Jun. 2013 – 9 Jun. 2021|No|No|
|Optoelectronics Co., Ltd.||||||||||||||
||||||||The total amount of actual occurrence of|||||||
|The total amount of guarantee limits for subsidiaries||||||||||||||
||||0||||guarantee for subsidiaries in the reporting||||0|||
|approved in the reporting period (C1)||||||||||||||
||||||||period (C2)|||||||
|The total amount of guarantee for subsidiaries|||||||The total balance of actual guarantee for|||||||
||||0||||||||0|||
|approved up to the end of reporting period (C3)|||||||subsidiaries up to the end of reporting period|||||||

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
||||||
|-|-|-|-|-|
||||(C4)||
|The total amount of guarantee by the Company (the total amount of the first three items)|||||
|The total amount of guarantee limits approved||The total amount of actual occurrence of|||
||0|||1,226,535|
|in the reporting period (A1+B1+C1)||guarantee in the reporting period (A2+B2+C2)|||
|The total amount of guarantee approved up to||The total balance of actual guarantee up to the|||
||5,256,240|||3,428,477|
|the end of reporting period (A3+B3+C3)||end of reporting period (A4+B4+C4)|||
|Proportion of total amount of actual guarantee (A4+B4+C4) in the net assets of the|||||
|||43.90%|||
|Company|||||
|Among which:|||||
|Amount of guarantees provided for shareholders, actual controller and other related|||||
|||0|||
|parties (D)|||||
|Amount of debt guarantees provided directly or indirectly for parties with asset-liability|||||
|||0|||
|ratio exceeding 70% (E)|||||
|Proportion of total guarantee amount exceeding 50% of the Company’s net assets (F)||0|||
|Total amount of the above three guarantees (D+E+F)||0|||
|Explanation on possibility of taking several and joint liability involving immature|||||
|||Naught|||
|guarantees (if any)|||||
|Explanation on external guarantees provided by violating regulated procedures (if any)||Naught|||

Explanation on guarantee that adopts complex method
The Company provided a joint-liability guarantee for a syndicated loan for Erdos Yuansheng Optoelectronics Co., Ltd. In the meantime, the Company, Hefei BOE Optoelectronics Technology Co., Ltd. and Beijing BOE Display Technology Co., Ltd. provided guarantees for the said syndicated loan for Erdos Yuansheng Optoelectronics Co., Ltd. with their stakes in Erdos Haosheng Energy Investment Co., Ltd. as the pledges.
(1) Illegal provision of guarantees for external parties
□ Applicable√ Inapplicable
The Company did not illegally provide any guarantee for any external party in the reporting period.
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD. 3. Other significant contracts
□ Applicable√ Inapplicable
There was no other significant contract of the Company in the reporting period.
4. Other significant transactions
□ Applicable√ Inapplicable
The Company was not involved in any other significant transaction in the reporting period.
X.Commitments made in the reporting period by the Company or its shareholders with equities of over5% or such commitments carried down into the reporting period
√ Applicable□ Inapplicable
|||||||
|-|-|-|-|-|-|
||||Date of|Period of||
|Commitment|Commitment maker|Contents of commitment|||Execution|
||||commitment|commitment||
|Commitments made in a share reform||||||
|Commitments made in acquisition reports or report on||||||
|changes in equity||||||
|Commitments made at the time of assets reorganization||||||
||Beijing State-owned Capital Operation|Committed that the shares acquired from||||
||and Management Center, Hefei Jianxiang|purchasing would not be transferred from|||Being|
||||8 Apr. 2014|36 months||
||Investment Co., Ltd., Chongqing Capital|the first date of issuing the newly increased|||executing|
|Commitments at the time of initial public issuance or|Optoelectronics Investment Co., Ltd.|shares of the issuer within 36 months||||
|re-financing|HuaAn Funds Management Co., Ltd.|Committed that the shares acquired from||||
||Minsheng Royal Fund Management Co.,|purchasing would not be transferred from|||Completed|
||||8 Apr. 2014|12 months||
||Ltd., Ping An Uob Fund Management|the first date of issuing the newly increased|||executing|
||Co., Ltd.|shares of the issuer within 36 months||||

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
|||
|-|-|
|Other commitments made for medium and small||
|shareholders of the Company||
|Executed timely or not?|Yes|
|Detailed reason for failing to execute and the next plan||
||Naught|
|(if any)||

XI. Engagement and disengagement of the CPAs firm
Has the semi-annual financial report been audited?
□ Yes√ No
The semi-annual report had not been audited.
XII. Punishments and rectifications
□ Applicable√ Inapplicable
No punishment or rectification in the reporting period.
XIII. Delisting risk due to violation of laws or regulations
□ Applicable√ Inapplicable
No such risk in the reporting period.
XIV. Other significant events
√ Applicable□ Inapplicable
1. According to the Prompted Notice of BOE Technology Group Co., Ltd (Notice No.: 2015-008) released on 21 March, 2015 by the Company, theCompany’s controlling shareholder has been changed from Beijing BOE Investment& Development Co., Ltd to Beijing Electronics Holding Co., Ltd and theCompany’s actual controller remains unchanged, which is Beijing Electronics Holding Co., Ltd. Refer to the reference notice for specific information.
2. According to the Notice About Investment and Construction of 10.5G Thin Film Transistor Liquid Crystal Display Production-Line Project of BOE Technology Group Co., Ltd (Notice No.:
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD. 2015-021) released on 21 April, 2015 by the Company, it is planned to invest and set up 10.5G thin film transistor liquid Crystal Display production line in Hefei. The project has been approved by 2014 Annual General Meeting. Refer to the Notice for specific information.
3. According to the Share Buybacks Long-term Mechanism of BOE Technology Group Co., Ltd (2014-2016) released on 22 April, 2014 by the Company and Plan About Buyback of Partial Public Shares of BOE Technology Group Co., Ltd released on 29 July, 2014, currently the Plan has been approved by 2nd Extraordinary General Meeting in2014。 Up to the expiration of the buy-back period on 13 August 2015, we had bought back a total of 136,569,831 B-shares, which were cancelled on 18 August 2015. For details, see the Announcement of BOE Technology Group Co., Ltd. on Completion of Buy-back and Cancellation of Some Public Shares& Changes in Shares disclosed on 20 August 2015 (Notice No.: 2015-049).
4. According to the Notice About Signing Investment Framework Agreement (Notice No.: 2015-026) released on 21 April, 2015 by the Company and Notice About Investment and Construction of 8.5G New Semiconductor Display Device Production Line Project in Fuzhou of BOE Technology Group Co., Ltd (Notice No.: 2015-040) released on 19 June, 2015, it is planned to invest and set up 8.5G new semiconductor display device production line in Fuzhou. The project has been approved by the 2nd Extraordinary General Meeting in 2015. Refer to the Notice for specific information.
5. According to the Notice About Acquisition of All Stock Equity of Mingde Investment Co., Ltd and Addition of Registered Capital by BOE Technology Group Co., Ltd (Notice No.: 2015-041) released on 19 June, 2015 by the Company, currently the acquisition is in progress. The Company will hold100% shares of Mingde Investment after acquisition for the better development of wisdom health and medical undertakings. After transaction, it is planned to develop Mingde Investment as the investment development platform for theCompany’s health and medical undertakings. Registered capital will be added to 3 billion Yuan to guarantee the follow-up project implementation. The project has been approved by the 2nd Extraordinary General Meeting in 2015. Refer to the Notice for specific information.
6. According to the Notice About Resolutions of the 2nd Extraordinary General Meeting of BOE Technology Group Co., Ltd (Notice No.: 2015-049) released on 7 July, 2015 by the Company, Mr. Zhang Jinsong is elected as the non-independent director in the 7th Board of Directors; Mr. Wang Huacheng is elected the independent director in the 7th Board of Directors; Mr. Chen Ming and Ms. Shi Hong are elected the supervisors in the 7th Board of Supervisors.
7. According to the Notice About Resolutions of the 26th Meeting of the 7th Board of Directors of BOE Technology Group Co., Ltd (Notice No.: 2015-055) released on 30 July, 2015 by the Company, Mr. Xie Xiaoming is elected deputy chairman in the 7th Board of Directors.
8. According to the Notice About Resolutions of the 11th Meeting of the 7th Board of Directors of BOE Technology Group Co., Ltd (Notice No.: 2015-056) released on 30 July, 2015 by the Company, Mr. Chen Ming is elected chairman in the 7th Board of Supervisors.
9. Up to 9 July 2015, Chongqing BOE had received a total of RMB 100 million from the special fund from the budget of Chongqing Liangjiang New District Administration Committee, which would be used for the Chongqing BOE 8.5G new-typed semi-conductor display device and system project.
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD. Section VI. Change in Shares& Shareholders
I. Change in shares
Unit: share
||||||||
|-|-|-|-|-|-|-|
||Before the change||Increase/decrease (+, -)||After the change||
|Item||Percenta||||Percentag|
||Number||Other|Subtotal|Number||
|||ge||||e|
|I. Shares subject to trading|||||||
||22,445,286,295|63.60%|-11,847,831,005|-11,847,831,005|10,597,455,290|30.03%|
|moratorium|||||||
|1. State-owned shares|0|0.00%|0|0|0|0.00%|
|2. Shares held by|||||||
||10,595,502,993|30.02%|0|0|10,595,502,993|30.02%|
|state-owned corporations|||||||
|3. Shares held by domestic|||||||
||11,849,783,302|33.58%|-11,847,831,005|-11,847,831,005|1,952,297|0.00%|
|investors|||||||
|Among which: shares held|||||||
||11,847,619,043|33.57%|-11,847,619,043|-11,847,619,043|0|0.00%|
|by domestic legal person|||||||
|Shares held by|||||||
||2,164,259|0.01%|-211,962|-211,962|1,952,297|0.01%|
|domestic natural person|||||||
|4. Shares held by foreign|||||||
||0|0.00%|0|0|0|0.00%|
|investors|||||||
|Among which: shares held|||||||
||0|0.00%|0|0|0|0.00%|
|by foreign legal person|||||||
|Shares held by foreign|||||||
||0|0.00%|0|0|0|0.00%|
|natural person|||||||
|II. Shares not subject to|||||||
||12,844,351,279|36.40%|11,847,831,005|11,847,831,005|24,692,182,284|69.97%|
|trading moratorium|||||||
|1. RMB ordinary shares|11,505,691,279|32.60%|11,847,831,005|11,847,831,005|23,353,522,284|66.18%|
|2. Domestically listed|||||||
||1,338,660,000|3.79%|0|0|1,338,660,000|3.79%|
|foreign shares|||||||
|3. Overseas listed foreign|||||||
||0|0.00%|0|0|0|0.00%|
|shares|||||||
|4. Others|0|0.00%|0|0|0|0.00%|
|III. Total shares|35,289,637,574|100.00%|0|0|35,289,637,574|100.00%|

Reasons of changes in shares
√ Applicable□ Inapplicable
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD. 1. On 15 Apr. 2015, part of the 2014 non-public offering shares of the Company had unlocked with the number of the unlocked restricted shares of 11,847,619,043 shares.
2. On 26 Dec. 2014, there were changes of the senior executives and their whole shareholding had transferred to the shares subject to trading moratorium, while up the period-end, which were transferred as the shares not subject to trading moratorium with the total amount of 211,962 shares.
Approval of changes in shares
□Applicable√ Inapplicable
Particulars about transferring ownership of shares
□ Applicable√ Inapplicable
Influence of changes in shares on financial indicators of the recent year or the recent term including basic EPS, diluted EPS, net asset value per share belonging to common stock holders of the Company, etc.
□ Applicable√ Inapplicable
Other contents that the Company thinks necessary or is asked by securities regulators to be disclosed
□ Applicable√ Inapplicable
Explanation of the changes in the sum of the shares and the structure of the shareholders and the structure of the assets as well as the liabilities of the Company
□ Applicable√ Inapplicable
II. Number of shareholders and shareholding
Unit: share
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
|||1,674,791 shareholders||||Total number of preferred||||||
|Total number of common||||||||||||
|||(including 1,629,450 A-share||||shareholders that had restored||||||
|shareholders at the end of the|||||||||0|||
|||holders and 45,341 B-share||||the voting right at the end of the||||||
|reporting period||||||||||||
|||holders)||||reporting period (if any)||||||
|Shareholding of common shareholders holding more than 5% shares or the top 10 of common shareholders||||||||||||
|||||Number of|Increase and||Number of|Number of||Pledged or frozen||
||||Holding|shareholding at|decrease of||shares held|shares held||shares||
|Name of|Nature of|||||||||||
||||percenta|the end of the|shares during||subject to|not subject to||||
|shareholder|shareholder|||||||||Status of|Number of|
||||ge (%)|reporting|reporting||trading|trading||||
|||||||||||shares|shares|
|||||period|period||moratorium|moratorium||||
|Beijing State-ownedCapitalManagement Center|State-ownedcorporation||11.51%|4,063,333,333|0||4,063,333,333|0||||
||||||||||||0|
|Chongqing CapitalPhotoelectricityInvestment Co., Ltd.|State-ownedcorporation||8.50%|3,000,000,000|0||3,000,000,000|0||||
||||||||||||1,414,150,00|
|||||||||||Pledged||
||||||||||||0|
|Hefei JianxiangInvestment Co., Ltd.|State-ownedcorporation||8.10%|2,857,142,857|0||2,857,142,857|0||||
||||||||||||0|
|Hua An Fund －ICBC－Zhongrong|Other||4.43%|1,564,126,904|-340,635,000||0|1,564,126,904||||
||||||||||||0|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
||||||||||
|-|-|-|-|-|-|-|-|-|
|International Trust－Zhongrong－RJNo. 1 AssembledFunds Trust Plan|||||||||
|Beijing BOEInvestment &Development Co.,Ltd.|State-ownedcorporation|2.31%|815,781,080|-45,200,000|0|815,781,080|||
|||||||||0|
|BeijingEconomic-technological Investment &Development Corp|State-ownedcorporation|1.92%|677,423,641|-170,226,359|0|677,423,641|||
||||||||Pledged|423,825,000|
|Hefei RongkeProject InvestmentCo., Ltd.|State-ownedcorporation|1.91%|675,026,803|0|675,026,803|0|||
|||||||||0|
|Beijing BDATechnologicalInvestmentDevelopment Co.,Ltd.|Other|1.60%|564,000,000|-36,000,000|0|564,000,000|||
|||||||||0|
|Beijing ElectronicsHolding Co. Ltd.|Nation|0.78%|273,503,883|-1,800,000|0|273,503,883|||
|||||||||0|
|CSOP AssetManagementLimited － CSOPA50 ETF|Foreigncorporation|0.34%|120,101,700|58,617,200|0|120,101,700|||
|||||||||0|
|||1. Beijing Electronics Holdings Co., Ltd. held 66.25% equities of Beijing BOE Investment &|||||||
|||Development Co., Ltd. and was its controlling shareholder. (cid:10)|||||||
|||2. Beijing Economic-technological Investment & Development Corp held 49% equities of|||||||
|||Beijing BDA Technological Investment Development Co., Ltd., and the above two companies|||||||
|||were both controlled by Beijing Economic and Technological Development Zone Management|||||||
|||Committee as well as were persons acting in concert.|||||||
|Explanation on associated|||||||||
|||3. After the non-public issuing of the Company in 2014, Hefei Jianxiang Investment Co., Ltd.|||||||
|relationship or/and persons acting||and Chongqing Capital Photoelectricity Investment Co., Ltd. agreed to maintain unanimous|||||||
|in concert among the||when executing the voting rights of the shareholders of the Company with the whole|||||||
|above-mentioned shareholders||shareholdings according to the declaration of intention of Beijing BOE Investment &|||||||
|||Development Co., Ltd. through the Implementation Protocol of Voting Right.|||||||
|||4. After the non-public issuing of the Company in 2014, Beijing State-owned Capital Operation|||||||
|||and Management Center handed over its 70% shares 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|||||||

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
||||||
|-|-|-|-|-|
||Holdings Co., Ltd. through the agreement according to Implementation Protocol of Voting||||
||Right.||||
||5. 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.(cid:10)||||
|Particulars about shares held by top 10 common shareholders not subject to trading moratorium|||||
|||Number of shares held not subject to|Type of share||
|Name of shareholder|||||
|||trading moratorium at the end of the period|Type of share|Number|
|Hua An Fund － ICBC － ZhongrongInternational Trust－Zhongrong－RJ No. 1Assembled Funds Trust Plan||1,564,126,904|||
||||RMB ordinary||
|||||1,564,126,904|
||||share||
|Beijing BOE Investment & Development Co.,Ltd.||815,781,080|RMB ordinary||
|||||815,781,080|
||||share||
|Beijing Economic-Technological Investment &Development Corp.||677,423,641|RMB ordinary||
|||||677,423,641|
||||share||
|Beijing BDA Technological InvestmentDevelopment Co., Ltd.||564,000,000|RMB ordinary||
|||||564,000,000|
||||share||
|Beijing Electronics Holdings Co., Ltd.||273,503,883|RMB ordinary||
|||||273,503,883|
||||share||
|CSOP Asset Management Limited－CSOP A50ETF||120,101,700|RMB ordinary||
|||||120,101,700|
||||share||
|Chongqing Jiangbeizui CBD Investment GroupCo., Ltd.||107,095,238|RMB ordinary||
|||||107,095,238|
||||share||
|Sinotrans Air Transportation Development Co.,Ltd.||78,200,000|RMB ordinary||
|||||78,200,000|
||||share||
|Harbin Fangge Economic and Trade Co., Ltd.||66,705,000|RMB ordinary||
|||||66,705,000|
||||share||
|Guotai Junan－CCB－Hong Kong ShanghaiHSBC Bank Co., Ltd.||60,764,441|RMB ordinary||
|||||60,764,441|
||||share||
|||1. Beijing Electronics Holdings Co., Ltd. held 66.25% equities of Beijing BOE|||
|||Investment & Development Co., Ltd. and was its controlling shareholder.|||
|Explanation on associated relationship among||2. Beijing Economic-technological Investment & Development Corp held 49%|||
|the top ten shareholders of tradable share not||equities of Beijing BDA Technological Investment Development Co., Ltd., and the|||
|subject to trading moratorium, as well as among||above two companies were both controlled by Beijing Economic and|||
|the top ten shareholders of tradable share not||Technological Development Zone Management Committee as well as were|||
|subject to trading moratorium and top ten||persons acting in concert.|||
|shareholders, or explanation on|||||
|||3. After the non-public issuing of the Company in 2014, Hefei Jianxiang|||
|acting-in-concert||Investment Co., Ltd. and Chongqing Capital Photoelectricity Investment Co., Ltd.|||
|||agreed to maintain unanimous when executing the voting rights of the|||
|||shareholders of the Company with the whole shareholdings according to the|||

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
|||
|-|-|
||declaration of intention of Beijing BOE Investment & Development Co., Ltd.|
||through the Implementation Protocol of Voting Right.|
||4. After the non-public issuing of the Company in 2014, Beijing State-owned|
||Capital Operation and Management Center handed over its 70% shares 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 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.(cid:10)(cid:10)|
|Particular about shareholder participate in the||
|securities lending and borrowing business (if|Naught|
|any)||

Did any top 10 common shareholders or the top 10 common shareholders not subject to trading moratorium of the Company carry out an agreed buy-back in the reporting period?
□ Yes√ No
The top 10 common shareholders or the top 10 common shareholders not subject to trading moratorium of the Company had not carried out any agreed buy-back in the reporting period.
III. Change of the controlling shareholder or the actual controller
Change of the controlling shareholder in the reporting period
√ Applicable□ Inapplicable
|||
|-|-|
|Name of the new controlling shareholder|Beijing Electronics Holding Co., Ltd.|
|Change date|10 Mar. 2015|
|Index of the inquiry of the designate website|http://www.cninfo.com.cn|
|Disclosure date of the designate website|12 Mar. 2015|

Change of the actual controller in the reporting period
□ Applicable√ Inapplicable
There was no any change of the actual controller of the Company in the reporting period.
IV. Particulars on shareholding increase scheme during the reporting period proposed or implemented by the shareholders and act-in-concert persons
√ Applicable□ Inapplicable
||||||||
|-|-|-|-|-|-|-|
|Name of the|Number of the|Proportion of the|Number of the|Proportion of the|Initial disclosure|Disclosure date of|
|shareholders/nam|shareholding|shareholding|actual increased|actual increased|date of the|the end of the|
|e of the persons|increase scheme|increase scheme|shareholding|shareholding e|shareholding|execution of the|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
||||
|-|-|-|
|acting in concert|increase scheme|shareholding|
|||increase scheme|
|Naught|||

Notes of other situation
The controlling shareholder of the Company and the actual controller, Beijing Electronics Holding Co., Ltd.and Beijing BOE Investment& Development Co., Ltd. committed to increase the shareholding of the Company through the methods such as the directional asset management plan of the securities companies or the fund companies within 6 months on 9 Jul. 2015 with the increase amount of the shareholding of not less than RMB 23.47 million (of which the increased amount of the shareholding of BOE Investment was not less than RMB 22.62 million and Beijing Electronics Holding of not less than 0.85 million), and committed not to increase the shareholding within 6 months since the date of the shareholding increase.
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD. Section VII. Situation of the Preferred Shares
□ Applicable√ Inapplicable
There was no any preferred share of the Company during the reporting period.
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD. Section VIII. Directors, Supervisors, Senior Management Staffs
I. Changes in shareholding of directors, supervisors and senior management staffs
√ Applicable□ Inapplicable
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|||||Shareholding|Shareholding|Shareholding||Restricted shares||
||||Shareholding at||||Restricted shares||Restricted shares|
|||||increase during|decrease during|at the||granted during this||
|Name|Position|Current/former|t he period-begin||||held at the period-||held at the period-|
|||||the reporting|the reporting|period-end||reporting period||
||||(share)||||begin (share)||end (share)|
|||||period (share)|period (share)|(share)||(share)||
||Chairman of the Board|||||||||
|Wang||||||||||
||and Chief of Execution|Current|299,905|0|0|299,905|0|0|0|
|Dongsheng||||||||||
||Committee|||||||||
||Executive Director,|||||||||
|Chen Yanshun||Current|260,000|0|0|260,000|0|0|0|
||President|||||||||
|Wang Jing|Director|Current|0|||0|0|0|0|
|Xie Xiaoming|Director|Current|7,680|0|0|7,680|0|0|0|
||Director, Executive Vice|||||||||
|Liu Xiaodong||Current|250,000|0|0|250,000|0|0|0|
||President, COO|||||||||
||Director,|||||||||
|Wang Jiaheng|Executive Vice|Current|250,000|0|0|250,000|0|0|0|
||President, CO- COO|||||||||
|Song Jie|Director|Current|0|0|0|0|0|0|0|
|Ji Guoping|Independent Director|Current|0|0|0|0|0|0|0|
|Yu Ning|Independent Director|Current|0|0|0|0|0|0|0|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|Lv Tingjie|Independent Director|Current|0|0|0|0|0|0|0|
|Xu Tao|Supervisor|Current|0|0|0|0|0|0|0|
|Mu Chengyuan|Supervisor|Current|2,991|0|0|2,991|0|0|0|
|Zhao Wei|Supervisor|Current|0|0|0|0|0|0|0|
|Zhuang Haoyu|Supervisor|Current|0|0|0|0|0|0|0|
|Zhong Huifeng|Employee Supervisor|Current|150,000|0|0|150,000|0|0|0|
|Zhou Yanwen|Employee Supervisor|Current|0|0|0|0|0|0|0|
|Xu Yangping|Employee Supervisor|Current|0|0|0|0|0|0|0|
||Executive Vice|||||||||
|Song Ying||Current|229,905|0|0|229,905|0|0|0|
||President, CHRO|||||||||
||Senior Vice President,|||||||||
|Dong Youmei||Current|200,000|0|0|200,000|0|0|0|
||CTO|||||||||
||Senior Vice President,|||||||||
|Sun Yun||Current|155,981|0|0|155,981|0|0|0|
||CFO|||||||||
|Yao Xiangjun|Senior Vice President|Current|100,000|0|0|100,000|0|0|0|
|Li Xuezheng|Senior Vice President|Current|186,600|0|0|186,600|0|0|0|
||Senior Vice President,|||||||||
|Yue Zhanqiu||Current|150,000|0|0|150,000|0|0|0|
||CIO|||||||||
||Senior Vice President,|||||||||
|Feng Liqiong||Current|150,000|0|0|150,000|0|0|0|
||Chief Counsel|||||||||
||Senior Vice President,|||||||||
|Xie Zhongdong|Chief Risk Control|Current|110,000|0|0|110,000|0|0|0|
||Officer, Chief Auditor|||||||||
||Secretary of Board of|||||||||
|Liu Hongfeng||Current|100,000|0|0|100,000|0|0|0|
||Directors|||||||||

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
||Vice Chairman of the|||||||||
|Wu Wenxue||Former|0|0|0|0|0|0|0|
||Board|||||||||
|Geng Jianxin|Independent Director|Former|0|0|0|0|0|0|0|
||Supervisory Board|||||||||
|Zhang Jingsong||Former|0|0|0|0|0|0|0|
||Chairman|||||||||
|Zhang||||||||||
||Supervisor|Former|0|0|0|0|0|0|0|
|Chunming||||||||||
|Total|--|--|2,603,062|0|0|2,603,062|0|0|0|

 II. Change of directors, supervisors and senior management staff
√ Applicable□ Inapplicable
||||||
|-|-|-|-|-|
|Name|Position|Type|Date|Reason|
||Vice Chairman of the||||
|Wu Wenxue||Left|5 May 2015|Career moves|
||Board||||
|Geng Jianxin|Independent Director|Left as the term expired|5 May 2015|Left as the term expired|
||Supervisory Board||||
|Zhang Jingsong||Left|5 May 2015|Career moves|
||Chairman||||
|Zhang Chunming|Supervisor|Left|17 Apr. 2015|Career moves|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD. Section IX. Financial Report
I. Audit report
Has this semi-annual report been audited?
□ Yes√ No
The semi-annual financial report has not been audited.
II. Financial statements
Currency unit for the statements in the notes to these financial statements: RMB Yuan
1. Consolidated balance sheet
Prepared by BOE Technology Group Co., Ltd.
Unit: RMB Yuan
||||
|-|-|-|
|Item|Closing balance|Opening balance|
|Current Assets:|||
|Monetary funds|35,265,302,750.00|40,172,401,999.00|
|Settlement reserves|0.00|0.00|
|Intra-group lendings|0.00|0.00|
|Financial assets measured by fair value with the changes be included in|||
||0.00|0.00|
|the current gains and losses|||
|Derivative financial assets|0.00|0.00|
|Notes receivable|218,474,506.00|501,172,383.00|
|Accounts receivable|7,394,263,585.00|6,615,762,122.00|
|Accounts paid in advance|324,688,294.00|150,734,013.00|
|Premiums receivable|0.00|0.00|
|Reinsurance premiums receivable|0.00|0.00|
|Receivable reinsurance contract reserves|0.00|0.00|
|Interest receivable|241,603,019.00|275,877,747.00|
|Dividend receivable|0.00|0.00|
|Other accounts receivable|603,411,448.00|720,716,550.00|
|Financial assets purchased under agreements to resell|0.00|0.00|
|Inventories|5,713,761,409.00|4,163,304,029.00|
|Assets divided available for sale|0.00|0.00|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
||||
|-|-|-|
|Non-current assets due within 1 year|0.00|0.00|
|Other current assets|8,561,271,404.00|6,085,764,454.00|
|Total current assets|58,322,776,415.00|58,685,733,297.00|
|Non-current assets:|||
|Loans by mandate and advances granted|0.00|0.00|
|Available-for-sale financial assets|391,669,279.00|323,530,493.00|
|Held-to-maturity investments|0.00|0.00|
|Long-term accounts receivable|0.00|0.00|
|Long-term equity investment|658,876,472.00|638,819,435.00|
|Investing property|1,240,587,632.00|1,251,820,763.00|
|Fixed assets|48,184,498,059.00|49,398,396,189.00|
|Construction in progress|28,736,450,388.00|21,868,641,210.00|
|Engineering materials|0.00|0.00|
|Disposal of fixed assets|0.00|0.00|
|Production biological assets|0.00|0.00|
|Oil-gas assets|0.00|0.00|
|Intangible assets|2,065,601,239.00|2,158,510,516.00|
|R&D expense|0.00|0.00|
|Goodwill|51,502,898.00|51,502,898.00|
|Long-term deferred expenses|310,050,863.00|303,984,682.00|
|Deferred income tax assets|125,575,848.00|138,779,625.00|
|Other non-current assets|768,400,273.00|1,420,564,369.00|
|Total of non-current assets|82,533,212,951.00|77,554,550,180.00|
|Total assets|140,855,989,366.00|136,240,283,477.00|
|Current liabilities:|||
|Short-term borrowings|1,730,844,677.00|2,158,988,600.00|
|Borrowings from Central Bank|0.00|0.00|
|Customer bank deposits and due to banks and other financial institutions|0.00|0.00|
|Intra-group borrowings|0.00|0.00|
|Financial liabilities measured by fair value with the changes be included|||
||0.00|0.00|
|in the current gains and losses|||
|Derivative financial liabilities|0.00|0.00|
|Notes payable|374,532,677.00|258,737,884.00|
|Accounts payable|7,635,913,251.00|6,691,237,683.00|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
||||
|-|-|-|
|Accounts received in advance|560,166,338.00|314,712,632.00|
|Financial assets sold for repurchase|0.00|0.00|
|Handling charges and commissions payable|0.00|0.00|
|Employee’s compensation payable|958,619,433.00|1,151,622,921.00|
|Tax payable|264,262,867.00|318,219,650.00|
|Interest payable|275,780,996.00|219,407,964.00|
|Dividend payable|9,651,170.00|8,051,170.00|
|Other accounts payable|6,494,069,469.00|7,550,386,025.00|
|Reinsurance premiums payable|0.00|0.00|
|Insurance contract reserves|0.00|0.00|
|Payables for acting trading of securities|0.00|0.00|
|Payables for acting underwriting of securities|0.00|0.00|
|Liabilities divided available for sale|0.00|0.00|
|Non-current liabilities due within 1 year|881,030,022.00|15,000,000.00|
|Other current liabilities|373,827,226.00|290,588,570.00|
|Total current liabilities|19,558,698,126.00|18,976,953,099.00|
|Non-current liabilities:|||
|Long-term borrowings|36,049,803,922.00|33,631,104,669.00|
|Bonds payable|0.00|0.00|
|Of which: preferred shares|0.00|0.00|
|Perpetual capital securities|0.00|0.00|
|Long-term payables|0.00|0.00|
|Long-term payroll payables|0.00|0.00|
|Specific payables|0.00|0.00|
|Estimated liabilities|16,457,010.00|16,457,010.00|
|Deferred income|2,408,415,114.00|2,441,846,447.00|
|Deferred income tax liabilities|366,199,375.00|347,949,970.00|
|Other non-current liabilities|3,553,263,879.00|3,866,566,063.00|
|Total non-current liabilities|42,394,139,300.00|40,303,924,159.00|
|Total liabilities|61,952,837,426.00|59,280,877,258.00|
|Owners’ equity|||
|Share capital|35,289,637,574.00|35,289,637,574.00|
|Other equity instruments|0.00|0.00|
|Of which: preferred shares|0.00|0.00|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
||||
|-|-|-|
|Perpetual capital securities|0.00|0.00|
|Capital reserves|39,082,597,284.00|39,084,393,441.00|
|Less: Treasury stock|277,055,776.00|198,004,581.00|
|Other comprehensive income|112,148,608.00|40,630,611.00|
|Specific reserves|0.00|0.00|
|Surplus reserves|550,734,504.00|503,668,861.00|
|Provisions for general risks|0.00|0.00|
|Retained profits|3,338,850,882.00|1,434,745,673.00|
|Total equity attributable to owners of the Company|78,096,913,076.00|76,155,071,579.00|
|Minority interests|806,238,864.00|804,334,640.00|
|Total owners’ equity|78,903,151,940.00|76,959,406,219.00|
|Total liabilities and owners’ equity|140,855,989,366.00|136,240,283,477.00|

 Legal representative: Wang Dongsheng Person-in-charge of the accounting work: Sun Yun
Chief of the accounting division: Yang Xiaoping
2. Balance sheet of the Company
Unit: RMB Yuan
||||
|-|-|-|
|Item|Closing balance|Opening balance|
|Current Assets:|||
|Monetary funds|2,710,568,306.00|8,801,283,810.00|
|Financial assets measured by fair value with the changes be included in|||
||0.00|0.00|
|the current gains and losses|||
|Derivative financial assets|0.00|0.00|
|Notes receivable|1,372,038.00|5,318,912.00|
|Accounts receivable|76,535,016.00|59,490,497.00|
|Accounts paid in advance|23,375,410.00|3,995,544.00|
|Interest receivable|69,462,707.00|131,061,842.00|
|Dividend receivable|540,784,707.00|88,741,079.00|
|Other accounts receivable|3,257,738,011.00|1,050,896,232.00|
|Inventories|5,330,056.00|5,055,934.00|
|Assets divided available for sale|0.00|0.00|
|Non-current assets due within 1 year|0.00|0.00|
|Other current assets|106,704,934.00|97,212,285.00|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
||||
|-|-|-|
|Total current assets|6,791,871,185.00|10,243,056,135.00|
|Non-current assets:|||
|Available-for-sale financial assets|198,570,386.00|166,058,318.00|
|Held-to-maturity investments|0.00|0.00|
|Long-term accounts receivable|0.00|0.00|
|Long-term equity investment|75,027,474,183.00|67,577,417,145.00|
|Investing property|172,315,450.00|174,907,073.00|
|Fixed assets|362,875,167.00|360,386,719.00|
|Construction in progress|523,240,834.00|439,161,911.00|
|Engineering materials|0.00|0.00|
|Disposal of fixed assets|0.00|0.00|
|Production biological assets|0.00|0.00|
|Oil-gas assets|0.00|0.00|
|Intangible assets|467,316,781.00|498,655,457.00|
|R&D expense|0.00|0.00|
|Goodwill|0.00|0.00|
|Long-term deferred expenses|114,970,953.00|107,514,008.00|
|Deferred income tax assets|0.00|0.00|
|Other non-current assets|6,769,393.00|12,851,569.00|
|Total of non-current assets|76,873,533,147.00|69,336,952,200.00|
|Total assets|83,665,404,332.00|79,580,008,335.00|
|Current liabilities:|||
|Short-term borrowings|0.00|0.00|
|Financial liabilities measured by fair value with the changes be included|||
||0.00|0.00|
|in the current gains and losses|||
|Derivative financial liabilities|0.00|0.00|
|Notes payable|0.00|0.00|
|Accounts payable|24,854,519.00|23,725,287.00|
|Accounts received in advance|452,763,002.00|6,255,398.00|
|Employee’s compensation payable|98,970,178.00|144,350,801.00|
|Tax payable|10,570,518.00|32,443,336.00|
|Interest payable|2,038,106.00|217,750.00|
|Dividend payable|6,451,171.00|6,451,170.00|
|Other accounts payable|4,823,688,365.00|4,678,071,031.00|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
||||
|-|-|-|
|Liabilities divided available for sale|0.00|0.00|
|Non-current liabilities due within 1 year|0.00|0.00|
|Other current liabilities|0.00|0.00|
|Total current liabilities|5,419,335,859.00|4,891,514,773.00|
|Non-current liabilities:|||
|Long-term borrowings|3,818,923,200.00|670,000,000.00|
|Bonds payable|0.00|0.00|
|Of which: preferred shares|0.00|0.00|
|Perpetual capital securities|0.00|0.00|
|Long-term payables|0.00|0.00|
|Long-term payroll payables|0.00|0.00|
|Specific payables|0.00|0.00|
|Estimated liabilities|0.00|0.00|
|Deferred income|74,929,485.00|90,395,075.00|
|Deferred income tax liabilities|0.00|0.00|
|Other non-current liabilities|0.00|0.00|
|Total non-current liabilities|3,893,852,685.00|760,395,075.00|
|Total liabilities|9,313,188,544.00|5,651,909,848.00|
|Owners’ equity:|||
|Share capital|35,289,637,574.00|35,289,637,574.00|
|Other equity instruments|0.00|0.00|
|Of which: preferred shares|0.00|0.00|
|Perpetual capital securities|0.00|0.00|
|Capital reserves|38,218,959,047.00|38,218,959,047.00|
|Less: Treasury stock|277,055,776.00|198,004,581.00|
|Other comprehensive income|105,163,423.00|72,651,355.00|
|Specific reserves|0.00|0.00|
|Surplus reserves|550,734,504.00|503,668,861.00|
|Retained profits|464,777,016.00|41,186,231.00|
|Total owners’ equity|74,352,215,788.00|73,928,098,487.00|
|Total liabilities and owners’ equity|83,665,404,332.00|79,580,008,335.00|

 3. Consolidated income statement
Unit: RMB Yuan
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
||||
|-|-|-|
|Item|Jan.-Jun. 2015|Jan.-Jun 2014|
|I. Total operating revenues|22,970,848,112.00|16,113,171,584.00|
|Including: Sales income|22,970,848,112.00|16,113,171,584.00|
|Interest income|0.00|0.00|
|Premium income|0.00|0.00|
|Handling charge and commission income|0.00|0.00|
|II. Total operating cost|21,082,716,877.00|15,340,525,002.00|
|Including: Cost of sales|17,509,610,448.00|12,630,118,473.00|
|Interest expenses|0.00|0.00|
|Handling charge and commission expenses|0.00|0.00|
|Surrenders|0.00|0.00|
|Net claims paid|0.00|0.00|
|Net amount withdrawn for the insurance contract reserve|0.00|0.00|
|Expenditure on policy dividends|0.00|0.00|
|Reinsurance premium|0.00|0.00|
|Taxes and associate charges|114,336,421.00|37,970,365.00|
|Selling and distribution expenses|532,688,703.00|481,663,833.00|
|Administrative expenses|2,252,419,046.00|1,698,855,995.00|
|Financial expenses|176,341,089.00|106,739,572.00|
|Asset impairment loss|497,321,170.00|385,176,764.00|
|Add: Gain/(loss) from change in fair value (―-‖ means loss)|0.00|0.00|
|Gain/(loss) from investment (―-‖ means loss)|64,659,150.00|6,924,389.00|
|Including: share of profits in associates and joint ventures|10,557,037.00|4,390,960.00|
|Foreign exchange gains (―-‖ means loss)|0.00|0.00|
|III. Business profit (―-‖ means loss)|1,952,790,385.00|779,570,971.00|
|Add: non-operating income|424,771,458.00|548,360,205.00|
|Of which: gains from non-current asset disposal|1,481,675.00|1,072,418.00|
|Less: non-operating expense|13,347,411.00|9,012,209.00|
|Of which: losses from non-current asset disposal|9,248,574.00|2,964,174.00|
|IV. Total profit (―-‖ means loss)|2,364,214,432.00|1,318,918,967.00|
|Less: Income tax expense|411,060,664.00|156,020,200.00|
|V. Net profit (―-‖ means loss)|1,953,153,768.00|1,162,898,767.00|
|Attributable to owners of the Company|1,951,170,852.00|1,041,635,714.00|
|Minority shareholders’ income|1,982,916.00|121,263,053.00|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
||||
|-|-|-|
|VI. After-tax net amount of other comprehensive incomes|71,443,148.00|-27,145,356.00|
|After-tax net amount of other comprehensive incomes attributable to|||
||71,517,997.00|-27,145,356.00|
|owners of the Company|||
|(I) Other comprehensive incomes that will not be reclassified into|||
||0.00|0.00|
|gains and losses|||
|1. Changes in net liabilities or assets with a defined benefit plan|||
||0.00|0.00|
|upon re-measurement|||
|2. Enjoyable shares in other comprehensive incomes in investees|||
||0.00|0.00|
|that cannot be reclassified into gains and losses under the equity method|||
|(II) Other comprehensive incomes that will be reclassified into|||
||71,517,997.00|-27,145,356.00|
|gains and losses|||
|1. Enjoyable shares in other comprehensive incomes in investees|||
||0.00|0.00|
|that will be reclassified into gains and losses under the equity method|||
|2. Gains and losses on fair value changes of available-for-sale|||
||72,615,730.00|-28,432,703.00|
|financial assets|||
|3. Gains and losses on reclassifying held-to-maturity investments|||
||0.00|0.00|
|into available-for-sale financial assets|||
|4. Effective hedging gains and losses on cash flows|0.00|0.00|
|5. Foreign-currency financial statement translation difference|-1,097,733.00|1,287,347.00|
|6. Other|0.00|0.00|
|After-tax net amount of other comprehensive incomes attributable to|||
||-74,849.00|0.00|
|minority shareholders|||
|VII. Total comprehensive incomes|2,024,596,916.00|1,135,753,411.00|
|Attributable to owners of the Company|2,022,688,849.00|1,014,490,358.00|
|Attributable to minority shareholders|1,908,067.00|121,263,053.00|
|VIII. Earnings per share|||
|(I) Basic earnings per share|0.055|0.050|
|(II) Diluted earnings per share|0.055|0.050|

 For the business combination under the same control of the current period, the net profits realized before the combination of the combined party were of RMB 000 and the net profits realized of the combined party of the last period were of RMB 000.
Legal representative: Wang Dongsheng Person-in-charge of the accounting work: Sun Yun
Chief of the accounting division: Yang Xiaoping
4. Income statement of the Company
Unit: RMB Yuan
||||
|-|-|-|
|Item|Jan.-Jun. 2015|Jan.-Jun 2014|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
||||
|-|-|-|
|I. Total sales|395,131,526.00|394,606,138.00|
|Less: cost of sales|65,325,004.00|56,752,883.00|
|Business taxes and surcharges|5,608,886.00|3,096,694.00|
|Distribution expenses|1,674,119.00|1,132,622.00|
|Administrative expenses|466,597,959.00|354,310,649.00|
|Financial costs|-74,073,299.00|-28,061,118.00|
|Impairment loss|0.00|0.00|
|Add: gain/(loss) from change in fair value (―-‖ means loss)|0.00|0.00|
|Gain/(loss) from investment (―-‖ means loss)|465,346,985.00|6,582,590.00|
|Of which: income form investment on associates and joint ventures|10,557,037.00|4,049,161.00|
|II. Business profit (―-‖ means loss)|395,345,842.00|13,956,998.00|
|Add: non-business income|75,382,251.00|14,162,919.00|
|Of which: gains from non-current asset disposal|24,000.00|2,100.00|
|Less: non-business expense|71,665.00|85,328.00|
|Of which: losses from non-current asset disposal|1,555.00|1,935.00|
|III. Total profit (―-‖ means loss)|470,656,428.00|28,034,589.00|
|Less: income tax expense|0.00|0.00|
|IV. Net profit (―-‖ means loss)|470,656,428.00|28,034,589.00|
|V. After-tax net amount of other comprehensive incomes|32,512,068.00|-22,042,649.00|
|(I) Other comprehensive incomes that will not be reclassified into|||
||0.00|0.00|
|gains and losses|||
|1. Changes in net liabilities or assets with a defined benefit plan|||
||0.00|0.00|
|upon re-measurement|||
|2. Enjoyable shares in other comprehensive incomes in investees|||
||0.00|0.00|
|that cannot be reclassified into gains and losses under the equity method|||
|(II) Other comprehensive incomes that will be reclassified into|||
||32,512,068.00|-22,042,649.00|
|gains and losses|||
|1. Enjoyable shares in other comprehensive incomes in investees|||
||0.00|0.00|
|that will be reclassified into gains and losses under the equity method|||
|2. Gains and losses on fair value changes of available-for-sale|||
||32,512,068.00|-22,042,649.00|
|financial assets|||
|3. Gains and losses on reclassifying held-to-maturity investments|||
||0.00|0.00|
|into available-for-sale financial assets|||
|4. Effective hedging gains and losses on cash flows|0.00|0.00|
|5. Foreign-currency financial statement translation difference|0.00|0.00|
|6. Other|0.00|0.00|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
||||
|-|-|-|
|VI. Total comprehensive incomes|503,168,496.00|5,991,940.00|
|VII. Earnings per share|||
|(I) Basic earnings per share|0.013|0.001|
|(II) Diluted earnings per share|0.013|0.001|

 5. Consolidated cash flow statement
Unit: RMB Yuan
||||
|-|-|-|
|Item|Jan.-Jun. 2015|Jan.-Jun 2014|
|I. Cash flows from operating activities:|||
|Cash received from sale of commodities and rendering of service|22,930,542,755.00|17,820,222,805.00|
|Net increase of deposits from customers and dues from banks|0.00|0.00|
|Net increase of loans from the central bank|0.00|0.00|
|Net increase of funds borrowed from other financial institutions|0.00|0.00|
|Cash received from premium of original insurance contracts|0.00|0.00|
|Net cash received from reinsurance business|0.00|0.00|
|Net increase of deposits of policy holders and investment fund|0.00|0.00|
|Net increase of dispose of the financial assets measured by fair value|||
||0.00|0.00|
|with the changes be included in the current gains and losses|||
|Cash received from interest, handling charges and commissions|0.00|0.00|
|Net increase of intra-group borrowings|0.00|0.00|
|Net increase of funds in repurchase business|0.00|0.00|
|Tax refunds received|1,552,640,958.00|696,134,294.00|
|Other cash received relating to operating activities|822,344,215.00|678,900,597.00|
|Subtotal of cash inflows from operating activities|25,305,527,928.00|19,195,257,696.00|
|Cash paid for goods and services|14,687,024,246.00|12,914,791,942.00|
|Net increase of customer lendings and advances|0.00|0.00|
|Net increase of funds deposited in the central bank and amount due|||
||0.00|0.00|
|from banks|||
|Cash for paying claims of the original insurance contracts|0.00|0.00|
|Cash for paying interest, handling charges and commissions|0.00|0.00|
|Cash for paying policy dividends|0.00|0.00|
|Cash paid to and for employees|2,722,826,479.00|1,823,070,067.00|
|Various taxes paid|905,519,911.00|421,384,320.00|
|Other cash payment relating to operating activities|1,536,765,804.00|782,370,865.00|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
||||
|-|-|-|
|Subtotal of cash outflows from operating activities|19,852,136,440.00|15,941,617,194.00|
|Net cash flows from operating activities|5,453,391,488.00|3,253,640,502.00|
|II. Cash flows from investing activities:|||
|Cash received from withdrawal of investments|3,721,672,760.00|0.00|
|Cash received from return on investments|44,876,285.00|3,411,262.00|
|Net cash received from disposal of fixed assets, intangible assets and|||
||1,358,403.00|363,662.00|
|other long-term assets|||
|Net cash received from disposal of subsidiaries or other business units|0.00|0.00|
|Other cash received relating to investing activities|820,946,320.00|402,699,692.00|
|Subtotal of cash inflows from investing activities|4,588,853,768.00|406,474,616.00|
|Cash paid to acquire fixed assets, intangible assets and other long-term|||
||10,480,124,471.00|9,255,316,417.00|
|assets|||
|Cash paid for investment|5,662,064,789.00|6,000,461.00|
|Net increase of pledged loans|0.00|0.00|
|Net cash paid to acquire subsidiaries and other business units|0.00|534,815,100.00|
|Other cash payments relating to investing activities|16,928,514.00|16,591,152.00|
|Subtotal of cash outflows from investing activities|16,159,117,774.00|9,812,723,130.00|
|Net cash flows from investing activities|-11,570,264,006.00|-9,406,248,514.00|
|III. Cash Flows from Financing Activities:|||
|Cash received from capital contributions|0.00|30,752,700,690.00|
|Including: Cash received from minority shareholder investments by|||
||0.00|0.00|
|subsidiaries|||
|Cash received from borrowings|9,068,701,432.00|12,045,540,367.00|
|Cash received from issuance of bonds|0.00|0.00|
|Other cash received relating to financing activities|0.00|48,165,983.00|
|Subtotal of cash inflows from financing activities|9,068,701,432.00|42,846,407,040.00|
|Repayment of borrowings|6,579,675,703.00|10,518,896,513.00|
|Cash paid for interest expenses and distribution of dividends or profit|673,357,186.00|755,323,762.00|
|Including: dividends or profit paid by subsidiaries to minority|||
||0.00|0.00|
|shareholders|||
|Other cash payments relating to financing activities|116,385,019.00|968,166,397.00|
|Sub-total of cash outflows from financing activities|7,369,417,908.00|12,242,386,672.00|
|Net cash flows from financing activities|1,699,283,524.00|30,604,020,368.00|
|IV. Effect of foreign exchange rate changes on cash and cash equivalents|-77,675,858.00|43,545,868.00|
|V. Net increase in cash and cash equivalents|-4,495,264,852.00|24,494,958,224.00|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
||||
|-|-|-|
|Add: Opening balance of cash and cash equivalents|36,504,707,160.00|16,474,975,849.00|
|VI. Closing balance of cash and cash equivalents|32,009,442,308.00|40,969,934,073.00|

 6. Cash flow statement of the Company
Unit: RMB Yuan
||||
|-|-|-|
|Item|Jan.-Jun. 2015|Jan.-Jun 2014|
|I. Cash flows from operating activities:|||
|Cash received from sale of commodities and rendering of service|95,679,936.00|73,929,641.00|
|Tax refunds received|0.00|698,357.00|
|Other cash received relating to operating activities|1,023,436,526.00|691,284,156.00|
|Subtotal of cash inflows from operating activities|1,119,116,462.00|765,912,154.00|
|Cash paid for goods and services|140,067,732.00|101,533,737.00|
|Cash paid to and for employees|271,101,912.00|213,401,635.00|
|Various taxes paid|30,543,680.00|21,738,682.00|
|Other cash payment relating to operating activities|301,950,992.00|209,045,481.00|
|Subtotal of cash outflows from operating activities|743,664,316.00|545,719,535.00|
|Net cash flows from operating activities|375,452,146.00|220,192,619.00|
|II. Cash flows from investing activities:|||
|Cash received from retraction of investments|0.00|0.00|
|Cash received from return on investments|193,252.00|3,373,429.00|
|Net cash received from disposal of fixed assets, intangible assets and|||
||24,000.00|67,400.00|
|other long-term assets|||
|Net cash received from disposal of subsidiaries or other business units||0.00|
|Other cash received relating to investing activities|137,529,798.00|15,236,429.00|
|Subtotal of cash inflows from investing activities|137,747,050.00|18,677,258.00|
|Cash paid to acquire fixed assets, intangible assets and other long-term|||
||57,579,111.00|66,256,870.00|
|assets|||
|Cash paid for investment|7,457,064,789.00|12,001,000,461.00|
|Net cash paid to acquire subsidiaries and other business units|0.00|6,834,815,100.00|
|Other cash payments relating to investing activities|457,828.00|93,996.00|
|Subtotal of cash outflows from investing activities|7,515,101,728.00|18,902,166,427.00|
|Net cash flows from investing activities|-7,377,354,678.00|-18,883,489,169.00|
|III. Cash Flows from Financing Activities:|||
|Cash received from capital contributions|0.00|30,752,700,690.00|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
||||
|-|-|-|
|Cash received from borrowings|3,149,242,200.00|0.00|
|Cash received from issuance of bonds||0.00|
|Other cash received relating to financing activities|0.00|0.00|
|Subtotal of cash inflows from financing activities|3,149,242,200.00|30,752,700,690.00|
|Repayment of borrowings|0.00|0.00|
|Cash paid for interest expenses and distribution of dividends or profit|9,665,367.00|215,500,000.00|
|Other cash payments relating to financing activities|2,148,923,200.00|236,267,369.00|
|Sub-total of cash outflows from financing activities|2,158,588,567.00|451,767,369.00|
|Net cash flows from financing activities|990,653,633.00|30,300,933,321.00|
|IV. Effect of foreign exchange rate changes on cash and cash equivalents|-316,325.00|16,425.00|
|V. Net increase in cash and cash equivalents|-6,011,565,224.00|11,637,653,196.00|
|Add: Opening balance of cash and cash equivalents|8,671,876,589.00|1,702,470,760.00|
|VI. Closing balance of cash and cash equivalents|2,660,311,365.00|13,340,123,956.00|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD. 7. Consolidated Statement of Changes inOwners’ Equity
Jan.-Jun. 2015
Unit: RMB Yuan
|||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
||Jan.-Jun. 2015|||||||||||||
||Equity attributable to owners of the Company|||||||||||||
|||Other equity instruments||||||||||||
|Item|||||||Other|||General||Minority|Total owners’|
||||Perpetual|||Less: treasury||Specific||||||
||Share capital|Preferred|||Capital reserve||comprehensive||Surplus reserve|risk|Retained profit|interests|equity|
||||capital|Other||stock||reserve||||||
|||shares|||||income|||reserve||||
||||securities|||||||||||
|I. Balance at||||||||||||||
|the end of the|35,289,637,574.00|0.00|0.00|0.00|39,084,393,441.00|198,004,581.00|40,630,611.00|0.00|503,668,861.00|0.00|1,434,745,673.00|804,334,640.00|76,959,406,219.00|
|previous year||||||||||||||
|Add:||||||||||||||
|change of||||||||||||||
||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|
|accounting||||||||||||||
|policy||||||||||||||
|Correction||||||||||||||
|of errors in||||||||||||||
||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|
|previous||||||||||||||
|periods||||||||||||||
|Business||||||||||||||
|combination||||||||||||||
||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|
|under the same||||||||||||||
|control||||||||||||||
|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|
|II. Balance at|35,289,637,574.00|0.00|0.00|0.00|39,084,393,441.00|198,004,581.00|40,630,611.00|0.00|503,668,861.00|0.00|1,434,745,673.00|804,334,640.00|76,959,406,219.00|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
|||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
|the||||||||||||||
|period-begin||||||||||||||
|III. Increase/||||||||||||||
|decrease in the||||||||||||||
|period (―-‖|0.00|0.00|0.00|0.00|-1,796,157.00|79,051,195.00|71,517,997.00|0.00|47,065,643.00|0.00|1,904,105,209.00|1,904,224.00|1,943,745,721.00|
|means||||||||||||||
|decrease)||||||||||||||
|(I) Total||||||||||||||
|amount of the||||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|71,517,997.00|0.00|0.00|0.00|1,951,170,852.00|1,908,067.00|2,024,596,916.00|
|comprehensive||||||||||||||
|income||||||||||||||
|(II) Capital||||||||||||||
|paid in and||||||||||||||
||0.00|0.00|0.00|0.00|-1,796,157.00|79,051,195.00|0.00|0.00|0.00|0.00|0.00|1,796,157.00|-79,051,195.00|
|reduced by||||||||||||||
|owners||||||||||||||
|1. Common||||||||||||||
|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|0.00|
|invested by the||||||||||||||
|shareholders||||||||||||||
|2. Capital||||||||||||||
|invested by the||||||||||||||
|owners of|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 equity||||||||||||||
|instruments||||||||||||||
|3. Amounts of||||||||||||||
|share-based||||||||||||||
||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|
|payments||||||||||||||
|recognized in||||||||||||||

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
|||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
|owners’ equity||||||||||||||
|4. Others|0.00|0.00|0.00|0.00|-1,796,157.00|79,051,195.00|0.00|0.00|0.00|0.00|0.00|1,796,157.00|-79,051,195.00|
|(III) Profit||||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|47,065,643.00|0.00|-47,065,643.00|-1,800,000.00|-1,800,000.00|
|distribution||||||||||||||
|1.||||||||||||||
|Appropriations||||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|47,065,643.00|0.00|-47,065,643.00|0.00|0.00|
|to surplus||||||||||||||
|reserves||||||||||||||
|2.||||||||||||||
|Appropriations||||||||||||||
||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|
|to general risk||||||||||||||
|provisions||||||||||||||
|3.||||||||||||||
|Appropriations||||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|-1,800,000.00|-1,800,000.00|
|to owners (or||||||||||||||
|shareholders)||||||||||||||
|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|
|(IV)||||||||||||||
|Internal||||||||||||||
|carry-forward|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|
|of owners’||||||||||||||
|equity||||||||||||||
|1. New||||||||||||||
|increase of||||||||||||||
|capital (or||||||||||||||
||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|
|share capital)||||||||||||||
|from capital||||||||||||||
|public reserves||||||||||||||

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
|||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
|2. New||||||||||||||
|increase of||||||||||||||
|capital (or||||||||||||||
||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|
|share capital)||||||||||||||
|from surplus||||||||||||||
|reserves||||||||||||||
|3. Surplus||||||||||||||
|reserves 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|0.00|
|making up||||||||||||||
|losses||||||||||||||
|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|
|(V) 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|
|reserve||||||||||||||
|1. Withdrawn||||||||||||||
||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|
|for the period||||||||||||||
|2. Used in the||||||||||||||
||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|
|period||||||||||||||
|(VI) 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|
|IV. Closing|||||||||||||7 8,903,151,940.00|
||35,289,637,574.00|0.00|0.00|0.00|39,082,597,284.00|277,055,776.00|112,148,608.00|0.00|550,734,504.00|0.00|3,338,850,882.00|8 0 6,238,864.00||
|balance||||||||||||||

Jan.-Jun. 2014
Unit: RMB Yuan
|||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
||Jan.-Jun. 2014|||||||||||||
||Equity attributable to owners of the Company|||||||||||||
|Item||Other equity instruments|||||Other|||General|||Total owners’|
|||||||Less: treasury||Specific||||Minority interests||
||Share capital||||Capital reserve||comprehensive||Surplus reserve|risk|Retained profit||equity|
|||Preferred|Perpetual|Other||stock||reserve||||||
||||||||income|||reserve||||

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
|||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
|||shares|capital|||||||||||
||||securities|||||||||||
|I. Balance at||||||||||||||
|the end of the|13,521,542,341.00|0.00|0.00|0.00|15,347,919,192.00|0.00|6,068,123.00|0.00|499,092,613.00|0.00|-1,122,806,908.00|9,902,448,043.00|38,154,263,404.00|
|previous year||||||||||||||
|Add:||||||||||||||
|change of||||||||||||||
||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|
|accounting||||||||||||||
|policy||||||||||||||
|Correction||||||||||||||
|of errors in||||||||||||||
||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|
|previous||||||||||||||
|periods||||||||||||||
|Business||||||||||||||
|combination||||||||||||||
||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|
|under the same||||||||||||||
|control||||||||||||||
|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|
|II. Balance at||||||||||||||
|the|13,521,542,341.00|0.00|0.00|0.00|15,347,919,192.00|0.00|6,068,123.00|0.00|499,092,613.00|0.00|-1,122,806,908.00|9,902,448,043.00|38,154,263,404.00|
|period-begin||||||||||||||
|III. Increase/||||||||||||||
|decrease in the||||||||||||||
|period (―-‖|21,768,095,233.00|0.00|0.00|0.00|23,736,474,249.00|198,004,581.00|34,562,488.00|0.00|4,576,248.00|0.00|2,557,552,581.00|-9,098,113,403.00|38,805,142,815.00|
|means||||||||||||||
|decrease)||||||||||||||
|(I) Total||||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|34,562,488.00|0.00|0.00|0.00|2,562,128,829.00|153,859,989.00|2,750,551,306.00|
|amount of the||||||||||||||

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
|||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
|comprehensive||||||||||||||
|income||||||||||||||
|(II) Capital||||||||||||||
|paid in and||||||||||||||
||21,768,095,233.00|0.00|0.00|0.00|23,728,718,567.00|198,004,581.00|0.00|0.00|0.00|0.00|0.00|-9,239,251,750.00|36,059,557,469.00|
|reduced by||||||||||||||
|owners||||||||||||||
|1. Common||||||||||||||
|shares||||||||||||||
||21,768,095,233.00|0.00|0.00|0.00|23,116,609,820.00|0.00|0.00|0.00|0.00|0.00|0.00||44,884,705,053.00|
|invested by the||||||||||||||
|shareholders||||||||||||||
|2. Capital||||||||||||||
|invested by the||||||||||||||
|owners of|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 equity||||||||||||||
|instruments||||||||||||||
|3. Amounts of||||||||||||||
|share-based||||||||||||||
|payments|0.00|0.00|0.00|0.00|612,108,747.00|0.00|0.00|0.00|0.00|0.00|0.00|-9,225,017,444.00|-8,612,908,697.00|
|recognized in||||||||||||||
|owners’ equity||||||||||||||
|4. Others|0.00|0.00|0.00|0.00|0.00|198,004,581.00|0.00|0.00|0.00|0.00|0.00|-14,234,306.00|-212,238,887.00|
|(III) Profit||||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|4,576,248.00|0.00|-4,576,248.00|-12,721,642.00|-12,721,642.00|
|distribution||||||||||||||
|1.||||||||||||||
|Appropriations||||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|4,576,248.00|0.00|-4,576,248.00|0.00|0.00|
|to surplus||||||||||||||
|reserves||||||||||||||
|2.|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|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
|||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
|Appropriations||||||||||||||
|to general risk||||||||||||||
|provisions||||||||||||||
|3.||||||||||||||
|Appropriations||||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|-12,721,642.00|-12,721,642.00|
|to owners (or||||||||||||||
|shareholders)||||||||||||||
|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|
|(IV)||||||||||||||
|Internal||||||||||||||
|carry-forward|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|
|of owners’||||||||||||||
|equity||||||||||||||
|1. New||||||||||||||
|increase of||||||||||||||
|capital (or||||||||||||||
||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|
|share capital)||||||||||||||
|from capital||||||||||||||
|public reserves||||||||||||||
|2. New||||||||||||||
|increase of||||||||||||||
|capital (or||||||||||||||
||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|
|share capital)||||||||||||||
|from surplus||||||||||||||
|reserves||||||||||||||
|3. Surplus||||||||||||||
|reserves 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|0.00|
|making up||||||||||||||

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
|||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
|losses||||||||||||||
|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|
|(V) 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|
|reserve||||||||||||||
|1. Withdrawn||||||||||||||
||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|
|for the period||||||||||||||
|2. Used in the||||||||||||||
||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|
|period||||||||||||||
|(VI) Other|0.00|0.00|0.00|0.00|7,755,682.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|7,755,682.00|
|IV. Closing||||||||||||||
||35,289,637,574.00|0.00|0.00|0.00|39,084,393,441.00|198,004,581.00|40,630,611.00|0.00|503,668,861.00|0.00|1,434,745,673.00|804,334,640.00|76,959,406,219.00|
|balance||||||||||||||

8. Statement of changes inowners’ equity of the Company
Jan.-Jun. 2015
Unit: RMB Yuan
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
||Jan.-Jun. 2015|||||||||||
|||Other equity instruments||||||||||
||||||||Other|||||
|Item|||Perpetual|||Less: treasurystock||Specific|||Total owners’|
||Share capital|Preferred|||Capital reserve||comprehensive||Surplus reserve|Retained profit||
||||capital|Other||||reserve|||equity|
|||shares|||||income|||||
||||securities|||||||||
|I. Balance at the end of||||||||||||
||35,289,637,574.00|0.00|0.00|0.00|38,218,959,047.00|198,004,581.00|72,651,355.00|0.00|503,668,861.00|41,186,231.00|73,928,098,487.00|
|the previous year||||||||||||
|Add: change of||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|accounting policy||||||||||||
|Correction of errors in|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
|previous periods||||||||||||
|Other|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|II. Balance at the||||||||||||
||35,289,637,574.00|0.00|0.00|0.00|38,218,959,047.00|198,004,581.00|72,651,355.00|0.00|503,668,861.00|41,186,231.00|73,928,098,487.00|
|period-begin||||||||||||
|III. Increase/ decrease in||||||||||||
|the period (―-‖ means|0.00|0.00|0.00|0.00|0.00|79,051,195.00|32,512,068.00|0.00|47,065,643.00|423,590,785.00|424,117,301.00|
|decrease)||||||||||||
|(I) Total amount of the||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|32,512,068.00|0.00|0.00|470,656,428.00|503,168,496.00|
|comprehensive income||||||||||||
|(II) Capital paid in||||||||||||
||0.00|0.00|0.00|0.00|0.00|79,051,195.00|0.00|0.00|0.00|0.00|-79,051,195.00|
|and reduced by owners||||||||||||
|1. Common shares||||||||||||
|invested by the|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|shareholders||||||||||||
|2. Capital invested by||||||||||||
|the owners of other|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|equity instruments||||||||||||
|3. Amounts of||||||||||||
|share-based payments||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|recognized in owners’||||||||||||
|equity||||||||||||
|4. Others|0.00|0.00|0.00|0.00|0.00|79,051,195.00|0.00|0.00|0.00|0.00|-79,051,195.00|
|(III) Profit distribution|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|47,065,643.00|-47,065,643.00|0.00|
|1. Appropriations to||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|47,065,643.00|-47,065,643.00|0.00|
|surplus reserves||||||||||||
|2. Appropriations to||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|general risk provisions||||||||||||

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
|3. Appropriations to||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|owners (or shareholders)||||||||||||
|4. Other|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|(IV) Internal||||||||||||
|carry-forward of owners’|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|equity||||||||||||
|1. New increase of||||||||||||
|capital (or share capital)||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|from capital public||||||||||||
|reserves||||||||||||
|2. New increase of||||||||||||
|capital (or share capital)|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|from surplus reserves||||||||||||
|3. Surplus reserves for||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|making up losses||||||||||||
|4. Other|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|(V) Specific reserve|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|1. Withdrawn for the||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|period||||||||||||
|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|
|(VI) Other|35,289,637,574.00|0.00|0.00|0.00|38,218,959,047.00|277,055,776.00|105,163,423.00|0.00|550,734,504.00|464,777,016.00|74,352,215,788.00|

 Jan.-Jun. 2014
Unit: RMB Yuan
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
||Jan.-Jun. 2014|||||||||||
|Item||Other equity instruments|||Capital reserve|Less: treasurystock|Other|Specificreserve|||Total owners’|
||Share capital||||||||Surplus reserve|Retained profit||
|||Preferred|Perpetual|Other|||comprehensive||||equity|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
|||shares|capital||||income|||||
||||securities|||||||||
|I. Balance at the end of||||||||||||
||13,521,542,341.00|0.00|0.00|0.00|15,094,593,545.00|0.00|71,205,088.00|0.00|499,092,613.00|-809,388,608.00|28,377,044,979.00|
|the previous year||||||||||||
|Add: change of||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|accounting policy||||||||||||
|Correction of errors in||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|previous periods||||||||||||
|Other|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|II. Balance at the||||||||||||
||13,521,542,341.00|0.00|0.00|0.00|15,094,593,545.00|0.00|71,205,088.00|0.00|499,092,613.00|-809,388,608.00|28,377,044,979.00|
|period-begin||||||||||||
|III. Increase/ decrease in||||||||||||
|the period (―-‖ means|21,768,095,233.00|0.00|0.00|0.00|23,124,365,502.00|198,004,581.00|1,446,267.00|0.00|4,576,248.00|850,574,839.00|45,551,053,508.00|
|decrease)||||||||||||
|(I) Total amount of the||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|1,446,267.00|0.00|0.00|855,151,087.00|856,597,354.00|
|comprehensive income||||||||||||
|(II) Capital paid in and||||||||||||
||21,768,095,233.00|0.00|0.00|0.00|23,116,609,820.00|198,004,581.00|0.00|0.00|0.00|0.00|44,686,700,472.00|
|reduced by owners||||||||||||
|1. Common shares||||||||||||
|invested by the|21,768,095,233.00|0.00|0.00|0.00|23,116,609,820.00|198,004,581.00|0.00|0.00|0.00|0.00|44,686,700,472.00|
|shareholders||||||||||||
|2. Capital invested by the||||||||||||
|owners of other equity|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|instruments||||||||||||
|3. Amounts of||||||||||||
|share-based payments|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|recognized in owners’||||||||||||

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
|equity||||||||||||
|4. Others|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|(III) Profit distribution|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|4,576,248.00|-4,576,248.00|0.00|
|1. Appropriations to||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|4,576,248.00|-4,576,248.00|0.00|
|surplus reserves||||||||||||
|2. Appropriations to||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|general risk provisions||||||||||||
|3. Appropriations to||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|owners (or shareholders)||||||||||||
|4. Other|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|(IV) Internal||||||||||||
|carry-forward of owners’|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|equity||||||||||||
|1. New increase of||||||||||||
|capital (or share capital)||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|from capital public||||||||||||
|reserves||||||||||||
|2. New increase of||||||||||||
|capital (or share capital)|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|from surplus reserves||||||||||||
|3. Surplus reserves for||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|making up losses||||||||||||
|4. Other|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|(V) Specific reserve|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|1. Withdrawn for the||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|period||||||||||||

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
|2. Used in the period|0.00|0.00|0.00|0.00|7,755,682.00|0.00|0.00|0.00|0.00|0.00|7,755,682.00|
|(VI) Other|35,289,637,574.00|0.00|0.00|0.00|38,218,959,047.00|198,004,581.00|72,651,355.00|0.00|503,668,861.00|41,186,231.00|73,928,098,487.00|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD. III. Company profile
BOE Technology Group Company Limited (the―Company‖) is a company limited by shares established on 9 April 1993 at Beijing, with its head office located in Beijing. The parent of the Company is Beijing Electronics Holdings Co., Ltd.(―ElectronicsHoldings‖).
The Company was established with the approval of the Office of Economic Restructuring of Beijing Municipality JTGBZ[1992] No. 22, founded by the former Beijing Electronic Tube Factory as the main promoter by way of directional stock flotation. The former Beijing Electronic Tube Factory transferred its related assets and liabilities to the Company. Such assets and liabilities had been valued by the State-owned Assets Supervision and Administration Commission. The Company used the revaluation amount as the initial value forCompany’s accounting records.
As approved by the State Council Securities Commission through document ZWF[1997] No. 32, the Company issued 115,000,000 B shares on 19 May 1997 at the Shenzhen Stock Exchange, with a face value of RMB 1.00 each, getting listed on 10 June 1997 at the Shenzhen Stock Exchange. As approved by the China Securities Regulatory Commission(―CSRC‖) through document ZJGSZ[2000] No. 197, the Company issued 60,000,000 ordinary shares denominated in Renminbi on 23 November 2000 at Shenzhen Stock Exchange, with a face value of RMB 1.00 each, getting listed on 12 January 2001 at the Shenzhen Stock Exchange.
As approved by the CSRC through document ZJFXZ[2004] No. 2,―The Notice on approving BOE Technology Group CompanyLimited’s Further ShareOffering‖, the Company additionally issued 316,400,000 B shares on 16 Jan 2004, with a face value of RMB 1.00 each and issuing value of HKD 6.32, which raised capital amounting to HKD 1,999,648,000. After accounting for all the relevant issuance fees, the B shares further offering raised capital of HKD 1,922,072,431 (RMB 2,048,160,383), with total share capital increasing to RMB 975,864,800.
Pursuant to the resolution approved by the 2003 Annual General Meeting held on 28 May 2004, the Company implemented its plan of transferring capital reserve into share capital at the rate of―5 shares for every 10shares‖ to all shareholders in June 2004. Upon the completion of the transfer, theCompany’s total share capital increased to RMB 1,463,797,200.
Pursuant to the resolution passed by the 2005 First SpecialShareholders’ General Meeting held on 5 July 2005, based on the total share capital of 1,463,797,200 shares as at 31 December 2004, the Company transferred capital reserve into share capital at the rate of―5 shares for every 10share‖ to all shareholders on 19 July 2005. Upon completion of the transfer, theCompany’s total share capital increased to RMB 2,195,695,800.
In accordance with―The Approval Notice onBOE’s State-owned Share ReformPlan‖ issued by Stated-owned Assets Supervision and Administration Commission of Beijing Municipality (JGZCQZ[2005] No. 119), the Company implemented its state-owned share reform plan agreed by the shareholders on 24 November 2005. According to the plan, those registered tradable RMB-denominated ordinary share shareholders on 29 November 2005 would receive 4.2 shares for every 10 listed shares. This had contributed to the change in percentage of tradable and non-tradable shares of the Company.
Pursuant to the 21st Session of the Forth Board of Directors and the SpecialShareholders’ General Meeting held on 18 April 2006 and 19 May 2006 respectively, and the approval from the CSRC through document ZJFXZ[2006] No. 36, the Company issued 675,872,095 non-public targeted ordinary shares (A shares) with face value of RMB 1. On 9 October 2006, the Company completed shares registration and escrow in China Securities Depository and Clearing Corporation Limited Shenzhen branch. Upon completion of the issuance, theCompany’s total share capital increased to RMB 2,871,567,895.
Pursuant to the Third Session of the Fifth Board of Directors and the 2007 Forth SpecialShareholders’ General Meeting held on 29 August 2007 and 26 September 2007 respectively, and the approval from the CSRC through document ZJFXZ[2008] No. 587, the Company issued 411,334,552 non-public targeted RMB-denominated ordinary share with a face value of RMB 1. On 16 July 2008, the Company completed shares registration and escrow in China Securities Depository and Clearing Corporation Limited Shenzhen branch. Upon completion of the issuance, theCompany’s total share capital increased to RMB 3,282,902,447.
Pursuant to the 17th Session of the Fifth Board of Directors and the 2008 Second Special General Meeting held on 7 November 2008 and 25 November 2008 respectively, and approval from the CSRC through document ZJFXZ[2009] No. 369, the Company issued 5,000,000,000 non-public targeted RMB-denominated ordinary share with a face value of RMB 1. On 4 June 2009, the Company
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD. completed shares registration and escrow in China Securities Depository and Clearing Corporation Limited Shenzhen branch. Upon completion of the issuance, theCompany’s total share capital increased to RMB 8,282,902,447. The Company revised its Articles of Association on June 2009, and obtained the renewed the business license as legal person with No. 110000005012597 on 7 August 2009.
Pursuant to the Second Session of the Sixth Board of Directors and the 2010 Second SpecialShareholders’ General Meeting held on 21 Jul. 2010 as well as approval from the CSRC through document ZJFXZ[2010]1324 No. 1324, the Company issued 2,985,049,504 non-public targeted RMB-denominated ordinary share with a face value of RMB 1. On 7 Dec. 2010, the Company completed shares registration and escrow in China Securities Depository and Clearing Corporation Limited Shenzhen branch. Upon completion of the issuance, theCompany’s total share capital increased to RMB 11,267,951,951.
Pursuant to the Eighth Session of the Sixth Board of Directors held on 22 Apr. 2011 and the 2010Shareholders’ General Meeting held on 30 May 2011, basing on the total share capital of 11,267,951,951 up to 31 Dec. 2010, the Company implemented its plan of transferring capital reserve into share capital at the rate of―2 shares for every 10shares‖ to all shareholders in Jun. 2011. Upon the completion of the transfer, theCompany’s total share capital increased to RMB 13,521,542,341.
Through the resolution of the 2nd Session of the 7th Board of Directors on 24 Jul. 2013 and the approval of the 3rd Extraordinary General Meeting on 12 Aug. 2013 as well as the approval of ZJXK[2013] No. 615 document of CSRC on 24 Dec. 2013, the Company increased the issuing of the non-public Renminbi common shares to the specified targets of RMB 1 that amounted to 21,768,095,233 shares, which completed the share register hosting in Shenzhen Branch of CSDC on 7 Apr. 2014 that after the increase, the share capital of the Company changed into RMB 35,289,637,574.
Through the approval from the 2014 2nd Extraordinary General Meeting held on 14 Aug. 2014, the Company repurchased part of the issued social public shares by the way of centralized competitive trading in SZSE within 12 months since the resolution date and completed the first repurchase on 26 Sep. 2014. Up to 30 Jun. 2015, the Company had repurchased 136,569,831 shares.
The Company and its subsidiaries (hereinafter referred to as―theGroup‖) divided into three main business group: display devices business, intelligent system products and wisdom health services.
In 2015, the Company included BOE Technology Europe GmbH and Chongqing BOE Display Lighting Co., Ltd. into the consolidated scope, and for the relevant information please refer to Notes IX, Equities among other entities and Notes VIII, Changes of the consolidated scope.
IV. Basis for preparation of financial statements
1. Basis for the preparation
The financial statements have been prepared on the basis of going concern.
2. Continuing operations
The continuing operations ability of the Company was favorable.
V. Significant accounting policies and estimates
Reminder of the specific accounting policies and estimates:
Naught
1. Statement of Compliance with the Accounting Standards for Business Enterprises
The financial statements have been prepared in accordance with the requirements of Accounting Standards for Business Enterprises
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD. issued by the Ministry of Finance (MOF) . These financial statements present truly and completely the consolidated financial position and financial position as of 30 Jun. 2015, the consolidated results of operations and results of operations and the consolidated cash flows and cash flows in the first half year of 2015 of the Company. These financial statements also comply with the disclosure requirements of―Regulation on the Preparation of Information Disclosures of Companies Issuing Public Shares, No. 15: General Requirements for FinancialReports‖ as revised by the China Securities Regulatory Commission (hereinafter referred to as―CSRC‖) in 2014.
2. Accounting period
The accounting year of the Group is from 1 January to 31 December.
3. Operating cycle
The Company regarded the period from purchasing the assets for processing to realizing the cash or cash equivalents as the normal operating cycle. The operating cycle of the main business of the Company usually is less than 12 months.
4. Functional currency
TheCompany’s functional currency is Renminbi. These financial statements are presented in renminbi. The basis of choosing the functional currency for the Company and its subsidiaries is thatit’s the pricing and settlement currency for the main business. The Company translates the foreign currency financial statement of subsidiaries when compiling the financial statement.
The currency where the overseas subsidiaries and their main economic circumstances of the operation involved is the functional currency. Renminbi is the bookkeeping base currency when preparing the financial statements for the reporting period.
5. Accounting treatments for a business combination involving entities under and those not under common 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 combining enterprises are ultimately controlled by the same party or parties both before and after the business combination, and that control is not transitory. The assets and liabilities obtained are measured at the carrying amounts as recorded by the enterprise being combined at the combination date. The difference between the carrying amount of the net assets obtained and the carrying amount of consideration paid for the combination (or the total face value of shares issued) is adjusted to share premium in the capital reserve. If the balance of share premium is insufficient, any excess is adjusted to retained earnings. Other direct expenses occur when the Group conducting business combinations is recognized in current profit and loss. The combination date is the date on which one combining enterprise 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 entities are not ultimately controlled by the same party or parties both before and after the business combination. When the Group acts as the combination party, the cost of a business combination paid by the acquirer is the aggregate of the fair value at the acquisition date of assets given (including share equity of the acquiree held before the combination date), liabilities incurred or assumed, and equity securities issued by the acquirer. Any excess of the cost of a business combination over theacquirer’s interest in the fair value of theacquiree’s identifiable net assets is recognized as goodwill, while any excess of theacquirer’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 securities
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD. or liability securities as on combination consideration offering is recognized in initial recording capital on equity securities or liability securities. 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 the acquisition date, recognized theacquiree’s identifiable asset, liabilities and contingent liabilities at their fair value at that date. The acquisition 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 purchasees held before the purchase date, the Group will execute the remeasurement according to the fair value of the equity on the purchase date with the difference between the fair value and its book value be recorded in the current investment income. The other comprehensive income which could be reclassified in the gains and losses afterwards and the changes of the equities of the other owners under the measurement of the equity method that involved with the afterwards equity of the purchasees held before the purchase date should be transferred in the current investment income.
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 its subsidiaries. The term―control‖ is the power of the Group upon an investee, with which it can take part in relevant activities of the investee to obtain variable returns and is able to influence the amount of returns. When judging whether the Group owns the right on the investees or not, the Group only consider the substantive rights related to the investees (including the substantive rights enjoyed by the Group itself and by the other parties). The financial status, operating results and cash flow of subsidiaries are included in the consolidated 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 ofshareholders’ 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 minorityshareholders’ equity.
When the accounting period or accounting policies of a subsidiary are different from those of the Company, the Company makes necessary adjustments to the financial statements of the subsidiary based on theCompany’s own accounting period or accounting policies. Intra-group balances and transactions, and any unrealized profit or loss arising from intra-group transactions, are eliminated in preparing the consolidated financial statements. Unrealized losses resulting from intra-group transactions are eliminated in the same 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 common control, the financial statements of the subsidiary are included in the consolidated financial statements as if the combination had occurred at the date that common control was established. Therefore the opening balances and the comparative figures of the consolidated financial statements are restated. In the preparation of the consolidated financial statements, thesubsidiary’s assets, liabilities and results of operations are included in the consolidated balance sheet based on their carrying amounts; while results of operations are included in the consolidated income statement, from the date that common control was established.
Where a subsidiary was acquired during the reporting period, through a business combination involving entities not under common control, when prepared the consolidated financial statements, the Company shall included the acquired subsidiaries into the consolidated scope from the acquisition date basing on the fair value of the identifiable assets, liabilities at the acquisition date. Where a business combination involving entities not under common control was realized through two or more transactions and by several steps, for equity held by acquiree before the acquisition date, the Group will re-account the equity according to fair value at the acquisition date and the difference between the fair value and its carrying value is recognized as investment income. If the said equity is involving in other comprehensive income, other relevant comprehensive income is transferred into investment income at the
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD. acquisition date.
Where the Company acquires a minority interest from asubsidiary’s minority shareholders or disposes of a portion of an interest in a subsidiary without a change in control, the difference between the amount by which the minority interests are adjusted and the amount of the consideration paid or received is adjusted to the capital reserve (share premium) in the consolidated balance sheet. If the credit balance of capital reserve (share premium) is insufficient, any excess is adjusted to retained earnings.
(3) Disposing the subsidiaries
Where the control of former subsidiary was lost, the Group terminated to recognize the assets, liabilities, minority interest and other items of equities relevant to the subsidiary. As for remaining equity investment after disposal, the Group will re-account it according to the fair value at the date the control was lost. Any profit or loss occurred shall be recorded into the investment income during the period of losing control right.
Where the Group losses control on its original subsidiaries due to step by step disposal of equity investments through multiple transactions, 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 othertransactions；
- 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 disposed according to the accounting policies of partly disposing the equity investment of the subsidiaries under the situation not losing the control 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 calculated since the purchase date of the subsidiary of disposal investment are confirmed as other comprehensive income in consolidated financial statements, which together transferred into the current profits and losses in the lose of control , when the Group losing control on its subsidiary.
(4) Changes of the equities of the minority shareholders
Where the Company acquires a minority interest from asubsidiary’s minority shareholders or disposes of a portion of an interest in a subsidiary without a change in control, the difference between the amount by which the minority interests are adjusted and the amount of the consideration paid or received is adjusted to the capital reserve (share premium) in the consolidated balance sheet. If the 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 operations
A joint arrangement refers to an arrangement jointly controlled by two participants or above and all the participants are both restricted by the arrangement; and two or more participants execute the jointly control on the arrangement. Any of the participant should not individually control the arrangement, while any of the participant that owns the jointly control could stop other participants or the participants group from individually control the arrangement.
Joint arrangements divided into joint operations and joint ventures. A joint operation refers to a joint arrangement where the participant party enjoys assets and has to bear liabilities related to the arrangement. A joint venture refers to a joint arrangement where 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 the accounting treatment according to the regulations of the relevant ASBE: recognizes the assets and liabilities that it holds and bears in the joint operation, and recognizes the jointly-held assets and jointly-borne liabilities according to theGroup’s stake in the joint
operation; recognizes the income from sale of theGroup’s share in the output of the joint operation; recognizes the income from sale
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD. of the jointoperation’s outputs according to theGroup’s stake in it; and recognizes the expense solely incurred to the Group and the expense incurred to the joint operation according to theGroup’s stake in it.
8. Recognition standard for cash and cash equivalents
In theGroup’s understanding, cash and cash equivalents include cash on hand, any deposit that can be used for cover, and short-term and high circulating investments, which are easily convertible into known amount of cash and whose risks in change of value are minimal.
9. Foreign currency businesses and translation of foreign currency financial statements
When the Group receives capital in foreign currencies from investors, the capital is translated to Renminbi at the spot exchange rate at the date of the receipt. Other foreign currency transactions are, on initial recognition, translated to renminbi at the spot exchange rates 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. The resulting exchange differences are recognized in profit or loss, except those arising from the principals and interests on foreign currency borrowings specifically for the purpose of acquisition, construction of qualifying assets. Non-monetary items denominated in foreign currencies that are measured at historical cost are translated to Renminbi using the foreign exchange rate at the transaction date. Non-monetary items denominated in foreign currencies that are measured at fair value are translated using the foreign exchange rate at the date the fair value is determined; the exchange differences, ifit’s the difference arising from the non-monetary item of available-for-sale financial assets, which shall be considered as other comprehensive income and recognized in capital reserve; 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. The equity items, excluding―Retainedearning‖, are translated to Renminbi at the spot exchange rates at the transaction dates. The income and expenses of foreign operation are translated to Renminbi at rates that approximate the spot exchange rates at the transaction dates. The resulting exchange differences are recognized in a separate component of equity. Upon disposal of a foreign operation, the cumulative amount of the exchange differences recognized in equity which relates to that foreign operation is transferred to profit or loss in the period in which the disposal occurs.
10. Financial instruments
Financial instruments comprise monetary funds, bonds investment, equity investment other than long-term equity investment, receivables, payables, borrowings and share capital, etc.
(1) Recognition and measurement of the financial assets and financial liabilities
A financial asset or financial liability is recognized in the balance sheet when the Group becomes a party to the contractual provisions of a financial instrument.
The Group classifies financial assets and liabilities into different categories at initial recognition based on the purpose of acquiring assets or assuming liabilities: financial assets and financial liabilities at fair value through profit or loss, loans and receivables, held-to-maturity investments, available-for-sale financial assets and other financial liabilities.
Financial assets and liabilities are measured initially at fair value. For financial assets and liabilities at fair value through profit or loss, any directly attributable transaction costs are charged to profit or loss; for other categories of financial assets and financial liabilities, any attributed transaction costs are included in their initial costs. Subsequent to initial recognition financial assets and liabilities are measured as follows:
– Financial assets and financial liabilities at fair value through profit or loss (including financial assets or financial liabilities held for
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD. trading)
A financial asset or financial liability held by the Group is classified as at fair value through profit or loss if it is acquired or incurred principally for the purpose of selling or repurchasing it in the near term or if it is a derivative.
Subsequent to initial recognition, financial assets and financial liabilities at fair value through profit or loss are measured at fair value, and changes therein are recognized in profit or loss.
– Receivables
Receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. Subsequent to initial recognition, receivables are subsequently stated at amortized cost using the effective interest method.
– Held-to-maturity investments
Held-to-maturity investments are non-derivative financial assets with fixed or determinable payments and fixed maturity that the Group has the positive intention and ability to hold to maturity.
Subsequent to initial recognition, held-to-maturity investments are stated at amortized cost using the effective interest method.– Available-for-sale financial assets
Available-for-sale financial assets include non-derivative financial assets that are designated upon initial recognition as available for sale and other financial assets which do not fall into any of the above categories.
As for the available-for-sale financial assets whose fair value cannot be reliably measured is measured at cost subsequent to initial recognition; except that, subsequent to initial recognition, other available-for-sale financial assets are measured at fair value and changes therein, except for impairment losses and foreign exchange gains and losses from monetary financial assets, which are recognized directly in profit or loss, are considered as other comprehensive income to be recognized directly in capital reserves. When an investment is derecognized, the cumulative gain or loss in equity is removed from equity and recognized in profit or loss. Dividend income from these equity instruments is recognized in profit or loss when the investee declares the dividends. Interest on available-for-sale financial assets calculated using the effective interest method is recognized in profit or loss.
– Other financial liabilities
Financial liabilities other than the financial liabilities at fair value through profit or loss are classified as other financial liabilities. Other financial liabilities include the liabilities arising from financial guarantee contracts. Financial guarantees are contracts that require the issuer (i.e. the guarantor) to make specified payments to reimburse the beneficiary of the guarantee (the holder) for a loss the holder incurs because a specified debtor fails to make payment when due, in accordance with the terms of a debt instrument. Where the Group issues a financial guarantee, subsequent to initial recognition, the guarantee is measured at the higher of the amount initially recognized less accumulated amortization and the amount of a provision determined in accordance with the principles of contingent liabilities.
Except for the liabilities arising from financial guarantee contracts described above, subsequent to initial recognition, other financial liabilities are measured at amortized cost using the effective interest method.
(2) Presentation of finanical assets and financial liabilities
The financial assets and financial liablities are respectively presentated in the balance sheet without mutual offset. However, for those simultaneously meet with the following conditions, should be presentated in the balance sheet by the net amnount after mutual offset: -The Group owns the legal right of neutralizing the recognized amount and the right is executable at present:
-The Group plans to settle by the net amount or to realize the financial assets and to clear off the financial liabilities at the same time. (3) Derecognition of finanical assets and financial liabilities
A financial asset is derecognized if theGroup’s contractual rights to the cash flows from the financial asset expire or if the Group transfers substantially all the risks and rewards of ownership of the financial asset to another party.
Where a transfer of a financial asset in its entirety meets the criteria of derecognition, the difference between the two amounts below is recognized in profit or loss:
– Carrying amount of the financial asset transferred
– The sum of the consideration received from the transfer and any cumulative gain or loss that has been recognized directly in equity.
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD. The Group derecognizes a financial liability (or part of it) only when the underlying present obligation (or part of it) is discharged. (4) Impariment of financial assets
The carrying amounts of financial assets (other than those at fair value through profit or loss) are reviewed at each balance sheet date to determine whether there is objective evidence of impairment.
Objective evidence of impairment includes but not is limited to the followings:
(a) A serious financial difficulty occurs to the issuer or debtor;
(b) The debtor breaches any of the contractual stipulations, for example, fails to pay or delays the payment of interests or the principal, etc.;
(c) The debtor will probably become bankrupt or carry out other financial reorganizations;
(d) The financial asset can no longer continue to be traded in the active market due to serious financial difficulties of the issuer; (e) Any seriously disadvantageous change has occurred to technical, market, economic or legal environment, etc. wherein the issuer of instruments operates its business, which makes the investor of an equity instrument unable to take back its investment;
(f) Where the fair value of the equity instrument investment drops significantly or not contemporarily (which the fair value declined of50%) or not contemporarily (which the fair value constantly declined over than 9 months) etc.
For the methods of the impairment of the relevant accounts receivable, please refer to Notes V. 11. The methods of the impairment of other financial assets are as follows:
– Held-to-maturity investments
Held-to-maturity investments are assessed for impairment on an individual basis. An impairment loss in respect of a held-to-maturity investment is calculated as the excess of its carrying amount over the present value of the estimated future cash flows (exclusive of future credit losses that have not been incurred) discounted at the original effective interest rate. All impairment losses are recognized in profit or loss.
If, after an impairment loss has been recognized on held-to-maturity investments, there is objective evidence of a recovery in value of the financial asset which can be related objectively to an event occurring after the impairment was recognized, the previously recognized impairment loss is reversed through profit or loss. The reversed carrying amount shall not be any more than the post-amortization costs of the said financial asset on the day of reverse under the assumption that no provision is made for the impairment.
– Available-for-sale financial assets
Available-for-sale financial assets are assessed for impairment on an individual basis. When an available-for-sale financial asset is impaired, the cumulative loss arising from a decline in fair value that has been recognized directly in equity is removed from equity and recognized in profit or loss even though the financial asset has not been derecognized.
If, after an impairment loss has been recognized on an available-for-sale debt instrument, the fair value of the debt instrument increases in a subsequent period and the increase can be objectively related to an event occurring after the impairment loss was recognized, the impairment loss is reversed through profit or loss. An impairment loss recognized for an investment in an equity instrument classified as available-for-sale is not reversed through profit or loss. However, for the investment on the equity instruments without any quoted price among the active market with the fair value could not be reliable measured, should not be reversed.
(5) Equity investments
After the consideration received from issuing the equity instruments by the Company deducted the transaction expenses, should be recorded in theshareholders’ equities. To repurchase the consideration and transaction expenses paid for the equity instruments and to decrease theshareholders’ equities.
When repurchasing the shares of the Company, those repurchased shares should be managed as the treasury stocks, and the whole expenses should be transferred as the treasury stocks cost and at the same time executes the future reference registration. The treasury stocks would not participate in the profits distribution and would be represented as the allowance items of theshareholders’ equities
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD. among the sheet balance.
When executing the written-off of the treasury stocks, should decrease the share capital according to the total amount of the face value of the stocks and for the part that the cost of the treasury stocks exceeds the total amount of the face value, should successively write down the capital surplus (capital stock premium), earned surplus and retained earnings; for the cost of the treasury stocks less than the total amount of the face value, the part that lower than the total amount of the face value should increase the capital surplus (capital stock premium).
When transferring the treasury stocks, for the part of the revenues of the transfer that higher than the cost of the treasury stocks, should increase the capital surplus (capital stock premium); for the part that lower than the cost of the treasury stocks, should successively write down the capital surplus (capital stock premium), earned surplus and retained earnings.
(6) Convertible instruments
– Convertible instruments
For the convertible instruments issued by the Group which could be converted as the equity shares and when converting, the shares number and the amount of the consideration are fixed, the Group consider which as the compound instruments that includes the components of liabilities and equities.
When executing the initial recognition, the Group spilts the relevant liabilities and equities and firstly recognizes the fair value of the liabilities (including the fair value of the non-equity embedded derivative possibly included) then deducts the fair value of the liabilities component from the fair value of the compound instruments as the value of the equities component as well as record which in the equities component. The transaction expenses occurred from issuing the compound instruments, should amortize which according to each proportion of the total issuance price between the liabilities component and the equities component.
After the initial recognition, for the liabilities component without appointed to be measured by fair value and to be recorded in the current gains and losses with the changes, should be measured by the effective interest method according to the amortized cost. And the equities component would not be remeasured after the initial measurement.
When converting the convertible instruments, the Group transfers the liabilities component and the equities component to the relevant subjects. When the convertible instruments are redeemed, the price paid and the occurred transaction expenses should be distributed to the equities and liabilities component. The methods of the distribution price and the transaction expenses are unanimous with the distribution methods adopt when issuing the instruments. After the distribution of the price and transaction expenses, for the differences between which and the book value of the equities component and between the book value of the liabilities component, the part related to the equities component should be recorded in the equity while the part related to the liabilities component should be recorded in the gains and losses.
– Other convertible instruments excluding the equities component
For the other convertible instruments excluding the equities component issued by the Group, when executing the initial recognition, the derivative instruments component of the convertible instruments should be measured by fair value while the remained part should be regarded as the initial recognized amount of the main debt instruments.
After the initial recognition, for the derivative instruments component, should be measured by fair value, and the gains or losses formed from the changes of the fair value should be recorded in the current gains and losses. As for the main debt instruments, should be measured by the effective interest rate according to the amortized cost.
When converting the convertible instruments, the Group transfers the main debt instruments and derivative instruments to the relevant subjects. When the convertible instruments are redeemed, the deference between the paid price and the book value of the main debt instruments as well as the derivative instruments should be recorded in the gains and losses.
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD. 11. Receivables
(1) Accounts receivable with significant single amount for which the bad debt provision is made individually
|||
|-|-|
|Judgement basis or monetary standards of provision||
|for bad debts of the individually significant|Accounts receivable with the single amount of more than RMB 50,000,000|
|accounts receivable||
||On balance sheet day, the impairment test is carried on individually for the|
||individually significant receivables; if it is impaired after the impairment test,|
|Method of individual provision for bad debts of the|the Company provides provision for impairment loss for the amount which is|
|individually significant accounts receivable|measured as the difference between the asset's carrying amount and the|
||present value of estimated future cash flows, and withdraws relevant bad debt|
||provision.|

(2) Accounts receivable which the bad debt provision is withdrawn by credit risk characteristics
|||
|-|-|
|Name of portfolios|Bad debt provision method|
|Portfolio of credit risk|Other method|

In the groups, adopting aging analysis method to withdraw bad debt provision:
□ Applicable√Inapplicable
In the groups, adopting balance percentage method to withdraw bad debt provision
□ Applicable√Inapplicable
In the groups, adopting other methods to withdraw bad debt provision
√Applicable□Inapplicable
||||
|-|-|-|
||Withdrawal proportion for accounts|Withdrawal proportion for other accounts|
|Name of the group|||
||receivable|receivable|
|Portfolio of credit risk|0.00%|0.00%|

 (3) Accounts receivable with an insignificant single amount but for which the bad debt provision is made individually
|||
|-|-|
||It refers to the receivables with the closing individual amount not reaching the monetary standards|
||for the above said ―accounts receivable with significant amount‖. On balance sheet day, the|
|Reason of individually||
||impairment test is carried on individually for the individually insignificant receivables; if it is|
|withdrawing bad debt||
||impaired after the impairment test, the Company provides provision for impairment loss for the|
|provision:||
||amount which is measured as the difference between the asset's carrying amount and the present|
||value of estimated future cash flows, and withdraws relevant bad debt provision.|
||The Company provides provision for impairment loss for the amount which is measured as the|
|Withdrawal method for bad|difference between the asset's carrying amount and the present value of estimated future cash flows,|
|debt provision:||
||and withdraws relevant bad debt provision.|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD. 12. Inventory
(1) Classification and cost of inventories
Inventories include raw materials, work in progress, finished goods and reusable materials. Reusable materials include low-value consumables, 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 and finished 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 adopting one-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 inventories
On 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 the estimated expenses and related taxes necessary to make the sale. The net realizable value of materials held for use in the production of inventories is measured based on the net realizable value of the finished goods in which they will be incorporated. The net realizable value of the quantity of inventory held to satisfy sales or service contracts is based on the contract price. If the quantities of inventories specified in sales contracts are less than the quantities held by the Group, the net realizable value of the excess portion of inventories 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 the value of inventories, and then recorded into current profit or loss.
(4) Inventory system for inventories:
The Group maintains a perpetual inventory system.
13. Divided as assets held for sale
The Group should divide the non-current assets which simultaneously meet with the following conditions as the assets held for sale. The disposal group refers to an asset group concurrently be disposed through selling or other methods as an entirety in a transaction and the liabilities directly related to the assets from the transfer among the transaction.
– The assets could be immediately sold only according to the usual terms of selling this kind of assets under the current condition;– The Group had made resolutions on disposing the non-current assets;
– The enterprises had signed the irrevocable assignment agreement with the transferees; and the transfer will be completed within 1 year.
When the non-current assets be divided as assets held for sale, the Group measures the non-current assets held for sale, deferred income tax assets and the investment properties be follow-up measured by the fair value mode according to the lower one between the book value and the fair value after deducting the net amount of the disposal expenses, while the deference that the book value higher than the fair value which deducted the disposal expenses should be recognized as the impairment losses of the assets. The fixed assets and intangible assets be divided as assets held for sale and the investment properties be follow-up measured by the cost mode would not be withdrawn, depreciated or amortized, while the long-term equity investment be divided as assets held for sale that measured by equity method should cease the equity method measurement.
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD. 14. Long-term equity investments
(1) Recognition of the investment cost of the long-term equity investment
(a) Investments in subsidiaries
– The initial investment cost of a long-term equity investment obtained through a business combination involving entities under common control is theCompany’s share of thesubsidiary’s equity at the combination date. The difference between the initial investment cost and the carrying amounts of the consideration given is adjusted to share premium in capital reserve. If the balance of the share premium is insufficient, any excess is adjusted to retained earnings. For the long-term equity investment of the subsidiaries formed from the enterprise merger under the same control that realized step by step of the multiple transaction not belong to package deal, the Company would adjust the capital stock premium among the capital surplus according to the difference between the initial investment cost of the long-term equity investment recognized according to the above principles and the sum of the book value of the long-term equity investment before reaching the merger and the book value of the newly paid consideration which be further received on the merger date, and if the balance 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 on the acquiree shall be recognized as initial investment cost of the long-term equity investment. For long-term equity investment obtained through a business combination involving entities not under common control by two or more transactions and by several steps, the initial investment cost is recognized as the aggregation of the carrying value ofacquirees’ equity investment before the acquisition date held by the Company and newly investment cost at the acquisition date.
(b) Long-term equity investments acquired otherwise than through a business combination
– An investment in a subsidiary acquired otherwise than through a business combination is initially recognized at initial investment cost if the Group acquires the investment by cash, or at the fair value of the equity securities issued if an investment is acquired by issuing equity securities, or at the value stipulated in the investment contract or agreement if an investment is contributed by shareholders.
(2) Subsequent measurement and recognition of profits or losses of the long-term equity investment
(a) Investments in subsidiaries
In theCompany’s financial statements, investments in subsidiaries are accounted for using the cost method. Cash dividends or profit distributions declared by subsidiaries and attributed to the Company shall be recognized as investment income, without dividing whetherit’s the net profit realized by the investee before the investment or after the investment, except those that have been declared but unpaid at the time of acquisition and therefore included in the price paid or consideration.
− The investment of the subsidiaries is stated at cost less impairment losses in the balance sheet.
For the impairment test methods and the withdrawal methods of the impairment of the investment of the subsidiaries, please refer to the Notes V. 20.
− In theGroup’s consolidated financial statements, investments in subsidiaries are accounted for in accordance with the principles. (b) Investment in jointly controlled enterprises and associates
The joint enterprise refers to an arrangement that the Group and other joint operation parties execute jointly control and only enjoy the 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 equity method, 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 theGroup’s interest in the fair value of theinvestee’s identifiable net assets at the date of acquisition, the investment is initially recognized at the initial investment cost. Where the initial
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD. investment cost is less than theGroup’s interest in the fair value of theinvestee’s identifiable net assets at the date of acquisition, the investment is initially recognized at theinvestor’s share of the fair value of theinvestee’s identifiable net assets, and the difference is charged to profit or loss.
After the acquisition of the investment, the Group recognizes its share of theinvestee’s net profits or losses after deducting the amortization of the debit balance of equity investment difference, which was recognized by the Group before the first-time adoption of CAS, as investment income or losses, and adjusts the carrying amount of the investment accordingly. The debit balance of the equity investment difference is amortized using the straight-line method over a period which is determined in accordance with previous accounting standards. Once the investee declares any cash dividends or profits distributions, the carrying amount of the investment is reduced by that attributable to the Group. As for the other changes of theowners’ equities except for the net gains and losses, other comprehensive income and profits distribution of the joint ventures or associated enterprises (hereinafter referred to as―changes of otherowners’equities‖), the Group included which in theshareholders’ equities according to the portion ought to be enjoyed or shared, and at the same time adjust the book value of the long-tern equity investment.
The Group recognizes its share of theinvestee’s net profits or losses, other comprehensive income and changes of otherowners’ equities after making appropriate adjustments to align the accounting policies or accounting periods with those of the Group based on the fair values of theinvestee’s identifiable net assets at the date of acquisition. Unrealized profits and losses resulting from transactions between the Group and its associates or jointly controlled enterprises are eliminated to the extent of theGroup’s interest in the associates or jointly controlled enterprises. Unrealized losses resulting from transactions between the Group and its associates or jointly controlled enterprises are eliminated in the same way as unrealized gains but only to the extent that there is no evidence of impairment.
– 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 theGroup’s net investment in the associate or the jointly controlled enterprise is reduced to zero, except to the extent that the Group has an obligation to assume additional losses. Where net profits are subsequently made by the associate or jointly controlled enterprise, the Group resumes recognizing its share of those profits only after its share of the profits equals the share of losses not recognized.
For the impairment test methods and the withdrawal methods of the impairment provision of the investment on the joint ventures and the associated enterprises by the Group, please refer to Notes V. 20.
(3) The basis for determination of joint control or significant influence over investee enterprise
Joint control refers to the control jointly owned on certain arrangement according to relevant agreement and the relevant activities of the arrangement (which are the activities cause significant influences on the arrangement) could only execute the decision-making through 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 theinvestee’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 or joint control over those policies.
(4) Impairment test and method of provision for impairment loss
If any indication exists that an asset may be impaired, the recoverable amount of the asset is estimated. 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 present value of expected future cash flows. An asset group is the smallest identifiable group of assets that generates cash inflows that are largely independent of the cash inflows from other assets or asset groups. An asset group is composed of assets directly relating to cash-generation. Identification of an asset group is based on whether major cash inflows generated by the asset group are largely independent of the cash inflows from other assets or asset groups. In identifying an asset group, the Group also considers how management monitors theGroup’s operations and how management makes decisions about continuing or disposing of theGroup’s assets. Anasset’s fair value less costs
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD. to sell is the amount determined by the price of a sale agreement in anarm’s length transaction, less the costs that are directly attributable to the disposal of the asset. The present value of expected future cash flows of an asset is determined by discounting future cash flows, estimated to be derived from continuing use of the asset and from its ultimate disposal, to their present value using a 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 charged to profit or loss for the current period. A provision for impairment loss of the asset is recognized accordingly. For impairment losses related to an asset group or a set of asset groups, first reduce the carrying amount of any goodwill allocated to the asset group or set of 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. For other long-term equity investments, the carrying amount is required to be tested for impairment at the balance sheet date. If there is objective evidence that the investments may be impaired, the impairment shall be assessed on an individual basis. The impairment loss is measured as the amount by which the carrying amount of the investment exceeds the present value of estimated future cash flows discounted at the current market rate of return for a similar financial asset. Such impairment losses are not reversed. The other long-term equity investments are stated at cost less impairment losses in the balance sheet.
15. Investment real estates
Measurement mode of investment real estates
Measurement of cost method
Depreciation or amortization method
An investment property is a property held either to earn rental income or for capital appreciation or both. After deducting the estimated net salvage and accumulative impairment provision of the cost by the Group, the investment property is depreciated or amortized using the straight-line method over its estimated useful life, unless the investment property is classified as held for sale. The useful lives and estimated residual values as well as annual depreciation rate of each class of investment property are as follows: Useful life (years) Residual value rate(%) Annual depreciation rate(%)
Buildings 25 years-40 years 3%-10% 2.6%-3.9%
Land use rights 32 years-50 years 0% 2%-3.1%
If any indication exists that an asset may be impaired, the recoverable amount of the asset is estimated. 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 present value of expected future cash flows. An asset group is the smallest identifiable group of assets that generates cash inflows that are largely independent of the cash inflows from other assets or asset groups. An asset group is composed of assets directly relating to cash-generation. Identification of an asset group is based on whether major cash inflows generated by the asset group are largely independent of the cash inflows from other assets or asset groups. In identifying an asset group, the Group also considers how management monitors theGroup’s operations and how management makes decisions about continuing or disposing of theGroup’s assets.
Anasset’s fair value less costs to sell is the amount determined by the price of a sale agreement in anarm’s length transaction, less the costs that are directly attributable to the disposal of the asset. The present value of expected future cash flows of an asset is determined by discounting future cash flows, estimated to be derived from continuing use of the asset and from its ultimate disposal, to their present value using a 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 charged
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD. to profit or loss for the current period. A provision for impairment loss of the asset is recognized accordingly. For impairment losses related to an asset group or a set of asset groups, first reduce the carrying amount of any goodwill allocated to the asset group or set of 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.
16. 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 to others or for operation and administrative purposes with useful lives over one year. The cost of a purchased fixed asset comprises the purchase 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 IX (V) 17. Where parts of an item of fixed assets have different useful lives or provide benefits to the Group in different patterns thus necessitating use of different depreciation rates or methods, each part is recognized as a separate fixed asset. The subsequent costs, including the cost of replacing part of an item of fixed assets, are recognized in the carrying amount of the item if the recognition criteria are satisfied, 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 balance sheet at cost less accumulated depreciation and impairment losses.(cid:10)
(2) Depreciation methods
||||||
|-|-|-|-|-|
||||Expected net salvage||
|Category of fixed assets|Method|Useful life||Annual deprecation|
||||value||
|Housing and building|Average method of useful life|20-40 years|10.00%|2.3%-4.9%|
|Machinery equipments|Average method of useful life|3-15 years|10.00%|6%-33.3%|
|Other equipments|Average method of useful life|2-10 years|0.00%|9%-50%|

(3) Recognition basis, pricing and depreciation method of fixed assets by finance lease
On the begin date of the lease term, the financing leased assets of the Group should be recorded in the entry value according to the lower one between the fair value of the leasing assets and the net value of the minimum lease payment, and the minimum lease payment should be regarded as the entry value of the long-term account payable with the difference be recognized as the unrecognized financial charges. The Group record the initial direct costs of the financial lease in the leased assets value. If it is reasonable to be certain that the lessee will obtain the ownership of the leased assets when the lease term expires, the leased assets shall be fully depreciated within the available age limit. Otherwise, the leased assets shall be fully depreciated over the shorter one of the lease term or its available age limit. The Group amortizes the unrecognized financial charges by the effective interest rate method within 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 the
unrecognized financial charges as the long-term liabilities and the long-term liabilities due within 1 year.
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD. 17. Construction in progress
(1) Categories of construction in progress
Theenterprise’s self-constructed fixed asset includes self construction and contract construction. The cost of the self-constructed fixed asset including the engineering materials, direct labor, borrowing expenses met with the capitalization condition and the necessary expenses happened before the assets reach the expected availablestate.。
(2) Standards and time of transferring construction in progress into fixed asset
When the self-constructed fixed asset reaches the available state, should transfer into the fixed assets, before which should be listed among the construction in progress and not withdraw the depreciation.
(3) Impairment test method and withdrawal method for impairment provision of construction in progress
If any indication exists that an asset may be impaired, the recoverable amount of the asset is estimated. 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 present value of expected future cash flows. An asset group is the smallest identifiable group of assets that generates cash inflows that are largely independent of the cash inflows from other assets or asset groups. An asset group is composed of assets directly relating to cash-generation. Identification of an asset group is based on whether major cash inflows generated by the asset group are largely independent of the cash inflows from other assets or asset groups. In identifying an asset group, the Group also considers how management monitors theGroup’s operations and how management makes decisions about continuing or disposing of theGroup’s assets.
Anasset’s fair value less costs to sell is the amount determined by the price of a sale agreement in anarm’s length transaction, less the costs that are directly attributable to the disposal of the asset. The present value of expected future cash flows of an asset is determined by discounting future cash flows, estimated to be derived from continuing use of the asset and from its ultimate disposal, to their present value using a 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 charged to profit or loss for the current period. A provision for impairment loss of the asset is recognized accordingly. For impairment losses related to an asset group or a set of asset groups, first reduce the carrying amount of any goodwill allocated to the asset group or set of 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.
18. Borrowing costs
(1) Recognition principles for capitalization of borrowing costs
Borrowing costs of the Company incurred directly attributable to the acquisition, construction of a qualifying asset are capitalized as part of the cost of the asset.
(2) Capitalization period of borrowing costs
The capitalizations period is the period from the date of commencement of capitalization of borrowing costs to the date of cessation of capitalization, excluding any period over which capitalization is suspended.
When the capital expenses and the borrowing expenses had happened and the necessary purchasing and construction activity which was for leading the capital to reach the expected available state had began, the borrowing expenses had began capitalization. When the qualified asset under acquisition and construction or production is ready for the intended use or sale, the capitalization of the borrowing costs shall be ceased.
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD. If each part of the qualified asset under acquisition and construction or production is constructed and completed respectively, the Group shall determine the time of ceasing capitalization of the borrowing costs according to different situation.
Where each part of a qualified asset under acquisition and construction or production is completed separately and is ready for use or sale during the continuing construction of other parts, and if the acquisition and construction or production activities which are necessary to prepare this part of the asset for the intended use or sale have already been completed substantially, the capitalization of the borrowing costs in relation to this part of asset shall be ceased. Because such part of asset has reached the expected condition of use or sale.
(3) Period for suspending capitalization of borrowing costs
Where the acquisition and construction or production of a qualified asset is interrupted abnormally and the interruption period lasts for more than 3 months, the capitalization of the borrowing costs shall be suspended.
(4) Calculation method of capitalized amount of borrowing costs
− As for specifically borrowed loans for the acquisition and construction or production of assets eligible for capitalization, the to-be-capitalized amount of interests shall be determined in light of the actual cost incurred of the specially borrowed loan at the present period minus the income of interests earned on the unused borrowing loans as a deposit in the bank or as a temporary investment.
− Where a general borrowing is used for the acquisition and construction or production of assets eligible for capitalization, the enterprise shall calculate and determine the to-be-capitalized amount of interests on the general borrowing by multiplying the weighted average asset disbursement of the part of the accumulative asset disbursements minus the general borrowing by the capitalization rate of the general borrowing used. The capitalization rate shall be calculated and determined in light of the weighted average interest rate of the general borrowing.
− During the period of capitalization, the amount of interest capitalized during each accounting period shall not exceed the amount of interest actually incurred to the relevant borrowings in the current period.
When the Group recognizing the effective interest rate of the borrowings, that means to discount the future cash flow of the borrowings during the expected duration or the applicable shorter period to be the interest rate used of the recognized amount during the initial recognition of the borrowings.
During the capitalization period, should capitalize the exchange differences of the principal and the interests of the Foreign currency specific borrowings and record which in the cost of the assets that meet with the conditions of the capitalization. As for the exchange differences from the principal and the interests of the other foreign currency borrowings except for the foreign currency specific borrowings, should be regarded as the financial expenses and included in the current gains and losses.
19. Intangible assets
(1) Pricing method, useful life and impairment test
(a) Pricing method of intangible assets
Intangible assets are stated in the balance sheet at cost less accumulated amortization (where the estimated useful life is finite) and impairment losses. For an intangible asset with finite useful life, its cost less residual value and impairment losses are amortized on the 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 life
As for the intangible assets with limited useful life, after deducting the salvage of the cost and the impairment provision, the Group amortized the intangible assets through straight line method within the expected service life, unless the intangible assets are classified as held for sale.
Item Estimated useful life Basis
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD. Land use rights 40-50 years Period stipulated by the Land Use Right Certificate
Special technology 9-20 years Period agreed in the contract or estimated to bring economic benefits for the Company Computer software 3-10 years Period agreed in the contract or estimated to bring economic benefits for the Company Patent and others 5-10 years Period agreed in the contract or estimated to bring economic benefits for the Company (c) Judgment basis of intangible assets with uncertain useful life
An intangible asset is regarded as having an indefinite useful life and is not amortized when there is no foreseeable limit to the period over which the asset is expected to generate economic benefits for the Group. At the balance sheet date, the Groupdoesn’t have any intangible assets with indefinite useful lives.
(d) Withdrawal of impairment provision of intangible assets
If any indication exists that an asset may be impaired, the recoverable amount of the asset is estimated. 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 present value of expected future cash flows. An asset group is the smallest identifiable group of assets that generates cash inflows that are largely independent of the cash inflows from other assets or asset groups. An asset group is composed of assets directly relating to cash-generation. Identification of an asset group is based on whether major cash inflows generated by the asset group are largely independent of the cash inflows from other assets or asset groups. In identifying an asset group, the Group also considers how management monitors theGroup’s operations and how management makes decisions about continuing or disposing of theGroup’s assets.
Anasset’s fair value less costs to sell is the amount determined by the price of a sale agreement in anarm’s length transaction, less the costs that are directly attributable to the disposal of the asset. The present value of expected future cash flows of an asset is determined by discounting future cash flows, estimated to be derived from continuing use of the asset and from its ultimate disposal, to their present value using a 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 charged to profit or loss for the current period. A provision for impairment loss of the asset is recognized accordingly. For impairment losses related to an asset group or a set of asset groups, first reduce the carrying amount of any goodwill allocated to the asset group or set of 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 polices of internal R& D expenses
(a) Criteria of dividing the research phase and development phase of internalR&D project
Research is original and planned investigation undertaken with the prospect of gaining new scientific or technical knowledge and understanding. Development is the application of research findings or other knowledge to a plan or design for the production of new or substantially improved materials, devices, or products before the start of commercial production or use.
(b) Calculation of the expenditures of internalR&D project
Expenditures of internalR&D project of the Group divides into expenditures on the research phase and expenditures on the development phase.
Expenditures on the research phase are recognized in profit or loss when incurred. Expenditures on the development phase are capitalized if development costs can be measured reliably, the product or process is technically and commercially feasible, and the Group intends to and has sufficient resources to complete development. Capitalized development costs are stated at cost less impairment losses in the balance sheet. Other development expenditures are recognized as expenses in the period in which they are
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD. incurred.
20. 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. The Group will amortize the book value of the good according to the benefit situation in the synergistic effect from the enterprise merger by 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 present value of expected future cash flows. An asset group is the smallest identifiable group of assets that generates cash inflows that are largely 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 Group evaluating the fair value, should consider the characteristics when executing pricing of the relevant assets or liabilities on the measurement date of the market participants (including the assets conditions and the location, the restrictions of the sales or use of the assets and so on) as well as adopt the evaluation technology that applicable under the current circumstance and owns adequate available data and supported by other information. The evaluation technology used mainly including the market method, equity method and cost method.
An asset group is the smallest identifiable group of assets that generates cash inflows that are largely independent of the cash inflows from other assets or asset groups. An asset group is composed of assets directly relating to cash-generation. Identification of an asset group is based on whether major cash inflows generated by the asset group are largely independent of the cash inflows from other assets or asset groups. In identifying an asset group, the Group also considers how management monitors theGroup’s operations and how management makes decisions about continuing or disposing of theGroup’s assets.
The present value of expected future cash flows of an asset is determined by discounting future cash flows, estimated to be derived from continuing use of the asset and from its ultimate disposal, to their present value using a 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 charged to profit or loss for the current period. A provision for impairment loss of the asset is recognized accordingly. For impairment losses related to an asset group or a set of asset groups, first reduce the carrying amount of any goodwill allocated to the asset group or set of 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.
21. Amortization method of 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 operating lease assets improvement 3-10 years
Cost of construction and use of public facilities 10-15 years
Others 3-10 years
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD. 22. Payroll
(1) Accounting treatment of short-term compensation
During the accounting period of an employee' providing services, the Group recognizes the worker wages, bonuses and the social insurance charges such as the medical insurance premiums, industrial injury insurance premium and birth insurance premium that the Group pays 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
Welfare after demission refers to the various of the compensation and welfare provided after the retirement of the employees or after the labor relation relieved by the enterprise owning to not receiving the service provided by the employees, except for the short-term compensation and the demission welfare. Specifically divided as defined contribution plans and defined benefit plans. The defined contribution plans participated by the Group including: the basic endowment insurance and unemployment insurance among the social security system set up and managed by the government institutions according to the requirements of the relevant Chinese regulations of the employees of the Group and the corporation pension plan approved and set up by the relevant departments according to the relevant policies of the state enterprise annuity system. The payment amount of the basic endowment insurance and the unemployment insurance should be calculated according to the benchmark and the proportion stipulated by the nation. The enterprise annuity should be withdrawn according to the certain proportion of the total amount of the worker wages of the employees voluntarily participated in the pension plan. During the accounting period of the employees providing the service, the Company recognizes the deposited amount as the liabilities and records in the current gains and losses or the relevant asset costs. The Group not involved with any defined benefit plans.
(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 for compensation for encouraging the employees voluntarily accept the reduction, and recognizes the liabilities caused from the demission 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 or the reduction advice:
− The Group owns specific and formal reorganization plan that concerning the payment of the demission welfare; and the time when the reorganization plan had been executed or had announced the main content of the plan to the parties influenced by which, then led all 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, welfare after demission and demission welfare, which including the long-term compensated absences, long-term socisability benefits and long-term profit sharing plan and so on. The Group not involved with any other long-term employee's welfare.
23. Estimated liabilities
(1) Criteria of estimated liabilities
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD. A provision is recognized for an obligation related to a contingency if the Group has a present obligation that can be estimated reliably, and it is probable that an outflow of economic benefits will be required to settle the obligation.
(2) Measurement of estimated liabilities
The estimated liabilities should be executed the initial measurement according to the best estimated number needed to be spent when caring out the relevant current obligations. As for those with significant influences on the time value of money, the estimated liabilities should be confirmed according to the amount after the discount of the estimated future cash flow. When recognizing the best estimated number, the Group comprehensively considers the factors such as the risks, uncertainty and the time value of money related to the contingencies. There is a contiguous range of the needed expenses and the possibility of various results within the range is 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 and the relevant probabilities.
The Group executes the reexamination of the book value of the estimated liabilities on the balance sheet date and adjusts the book value according to the current best estimated number.
24. Revenue
Revenue is the gross inflow of economic benefit arising in the course of theGroup’s ordinary activities when the inflows result in increase inshareholder’s equity, other than increase relating to contributions from shareholders.
(1) Selling commodities
Revenue is recognized in profit or loss when it is probable that the economic benefits will flow to the Group, the revenue and costs can be measured reliably and the following respective conditions are met:
Revenue from sale of goods is recognized when all of the general conditions stated above and following conditions are satisfied:– The significant risks and rewards of ownership of goods have been transferred to the buyer;
– The Group retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold.
Revenue from the sale of goods is measured at the fair value of the considerations received or receivable under the sales contract or agreement.
(2) Providing labour services
The Group confirms amount of rendering services according to received or receivable contract or treaty.
In balance sheet date, if the outcome of labor services can be reliably estimated, revenue from rendering services shall be confirmed by percentage-of-completion method, progress of rendering services shall be affirmed by percentage of labor services have already provided to total labor services should be provided.
As for the outcome of labor services can not be reliably estimated, if labor services expenses estimated can receive compensation, revenue from rendering services shall be confirmed by labor services costs and carried down by the same amount; if labor services expenses estimated can not receive compensation, services costs shall be reckoned into current loss and gain and revenue from providing labor services shall not be confirmed.
(3) Construction contract revenue
On balance sheet date, if the results of the construction contract could be reliable evaluated, the contract income and the contract expenditure should be recognized according to the completion percentage method.
The Group recognized the progress of the contract completion according to the percentage of the accumulative actual happened
contract cost among the expected total contract cost.
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD. If the result of the construction contractcouldn’t be reliable evaluated, the Group should dispose according to the following situations respectively:
− If the contract cost could be returned, the contract income should be recognized according to the actual contract cost which could be returned, and the contract cost should be recognized as contract expenditure during the period when happened;
− If the contract cost could not be returned, should be recognized as contract expenditure at the time when happened, and not be recognized as contract income.
(4) Interest revenue
Interest revenue is recognized according to the calculation of the time of lending monetary capital and the effective interest rate. (5) Royalty revenue of the intangible assets
Royalty revenue of the intangible assets is recognized according to the charging time and methods agreed by the contracts or the protocol.
25. Government subsidies
(1) Judgment basis and accounting treatment of government subsidies related to assets
The government grants gained by the Company and for purchasing and construction or for forming the long-term assets through other methods are as the government grants related to the assets.
A government grant related to an asset is recognized initially as deferred income and amortized to profit or loss on a straight-line basis over the useful life of the asset.
(2) Judgment basis and accounting treatment of government subsidies related to profits
The other government grants except for the assets-related grants that gained by the Group are as the government grants related to the revenues.
A grant that compensates the Group for expenses to be incurred in the subsequent periods is recognized initially as deferred income and recognized in profit or loss in the same periods in which the expenses are recognized. A grant that compensates the Group for expenses incurred is recognized in profit or loss immediately.
26. 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 difference between the carrying amount of an asset or liability and its tax base (temporary difference). For any deductible loss that can be carried forward to the next year to deduct the income tax according to the stipulations of tax law, relevant deferred income tax assets shall be recognized. The deferred income tax asset shall be determined to the extent that the amount of taxable income to be offset by the deductible loss or tax deduction to be likely obtained. For the deductible temporary difference relating to the investments of the subsidiary companies, associated enterprises and joint enterprises, the enterprise shall recognize the corresponding deferred income tax 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 difference between the carrying amount of an asset or liability and its tax base (temporary difference). As for the temporary difference from the
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD. initial recognition of goodwill, no deferred income tax liabilities shall be recognized. The taxable temporary differences relating to the investments of subsidiary companies, associated enterprises and joint enterprises shall recognized as corresponding deferred income tax liabilities, however, excluding those that simultaneously satisfy the following conditions: the investing enterprise can control the time of the reverse of temporary differences; and the temporary differences are unlikely to reverse in the excepted future. 27. Lease
(1) Accounting treatment of operating lease
(a) Operating lease charges
Rental payments under operating leases are recognized as costs or expenses on a straight-line basis over the lease term.
(b) Assets leased out under operating leases
Fixed assets leased out under operating leases, except for investment property (see Note IX (V) 16 (3), are depreciated in accordance with theGroup’s depreciation policies described in Note IX (V) 22. Impairment losses are provided for in accordance with the accounting policy. Income derived from operating leases is recognized in the income statement using the straight-line method over the lease term. If initial direct costs incurred in respect of the assets leased out are material, the costs are initially capitalized and subsequently amortized in profit or loss over the lease term on the same basis as the lease income. Otherwise, the costs are charged to profit or loss immediately.
(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 and the present value of the minimum lease payments, each determined at the inception of the lease. The minimum lease payments are recorded as long-term payables. The difference between the value of the leased assets and the minimum lease payments is recognized as unrecognized finance charges. Initial direct costs that are attributable to a finance lease incurred by the Group are added to the amounts recognized for the leased asset. Depreciation and impairment losses are accounted for in accordance with the accounting policies described in Note IX (V) 16 (3) and Note IX (V) 22, respectively.
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 its estimated useful life.
Unrecognized finance charge under finance lease is amortized using an effective interest method over the lease term. The amortization is accounted for in accordance with policies of borrowing costs.
At the balance sheet date, long-term payables arising from finance leases, net of the unrecognized finance charges, are presented into long-term payables and non-current liabilities due within one year, respectively in the balance sheet.
28. 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 or more parties are subject to common control, joint control, or significant influence from another party, they are considered to be related parties. Related parties may be individuals or enterprises. Enterprises with which the Company is under common control only from the State and that have no other related party relationships are not regarded as related parties of the Group. Related parties of the Group and the Company include, but are not limited to:
(a) theCompany’s parent
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD. (b) theCompany’s subsidiaries
(c) enterprises that are controlled by theCompany’s parent
(d) investors that have joint control or over exercise significant influence over the Group
(e) enterprise or individuals if a party has control, joint control or significant influence over both the enterprises or individuals and the Group
(f) joint ventures of the Group, including subsidies of joint ventures
(g) associates of the Group, including subsidies of associates
(h) principal individual investors and close family members of such individuals
(i) key management personnel of the Group and close family members of such individuals
(j) key management personnel of theCompany’s parent
(k) close family members of key management personnel of theCompany’s parent; and
(l) other enterprises that are jointly controlled or significantly influenced by principal individual investors, key management personnel of the Group, and close family members of such individuals.
Besides the related parties stated above determined in accordance with the requirements of CAS, the following enterprises and individuals are considered as (but not restricted to) related parties based on the disclosure requirements of―Administrative Procedures on the Information Disclosures of ListedCompanies‖ issued by the CSRC:
(m) enterprises, or persons that act in concert, that hold5% or more of theCompany’s shares
(n) individuals and close family members of such individuals who directly or indirectly hold5% or more of theCompany’s shares (o) enterprises that satisfy any of the aforesaid conditions in (a), (c) and (m) during the past 12 months or will satisfy them within the next 12 months pursuant to a relevant agreement
(p) individuals who satisfy any of the aforesaid conditions in (i), (j) and (n) during the past 12 months or will satisfy them within the next 12 months pursuant to a relevant agreement; and
(q) enterprises, other than the Company and subsidiaries controlled by the Company, which are controlled directly or indirectly by an individual defined in (i), (j), (n) or (p), or in which such an individual assumes the position of a director or senior executive. (2) Segment reporting
Reportable segments are identified based on operating segments which are determined based on the structure of theGroup’s internal organization, management requirements and internal reporting system. An operating segment is recognized when all of the following conditions have been satisfied:
– the component engages in business activities from which it may earn revenues and incur expenses;
– whose operating results are regularly reviewed by theGroup’s management to make decisions about resource to be allocated to the segment and assess its performance; and
– for which financial information regarding financial position, results of operations and cash flows is available.
Two or more operating segments may be aggregated into a single operating segment if the segments have similar economic characteristics, and are similar in respect of the following conditions:
– The nature of products and services
– The nature of production processes
– The type or class of customers for the products and services
– The methods used to distribute the products or provide the services
– The nature of the regulatory environment
When the Group drafts the report of an operating segment, transaction income from operating segments is measured at the basis of actual transaction price. Policies adopts in preparing the report of an operating segment shall in accordance with accounting policies adopted in the preparation of financial statements of the Group.
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD. 29. Changes in main accounting policies and estimates
(1) Change of accounting policies
□ Applicable√ Inapplicable
(2) Change of main accounting estimates
□ Applicable√ Inapplicable
30. Other
Naught
VI. Taxation
1. Main taxes and tax rate
||||
|-|-|-|
|Category of taxes|Tax basis|Tax rate|
||Output VAT is calculated on product sales and taxable services revenue, based on tax||
|VAT|laws. The remaining balance of output VAT, after subtracting the deductible input VAT|6%, 13%, 17%|
||of the period, is VAT payable.||
|Consumption tax|Naught|Naught|
|Business tax|Based on taxable revenue of sales|3%, 5%|
|City maintenance and|||
||Based on business tax paid and VAT payable|7%, 5%|
|construction tax|||
|Enterprise income tax|Based on taxable revenue|0-25%|

Notes of the disclosure situation of the taxpaying bodies with different enterprises income tax rate
|||
|-|-|
|Name|Income tax rate|
||15%|
|Beijing BOE Optoelectronics Technology Co., Ltd.||
|Chengdu BOE Optoelectronics Technology Co., Ltd.|15%|
|Hefei BOE Optoelectronics Technology Co., Ltd.|15%|
|Beijing BOE Display Technology Co., Ltd.|15%|
|Beijing BOE CHATANI Electronics Co.,Ltd.|15%|
|Xiamen BOE Electronics Co.,Ltd.|15%|
|Hefei BOE Display Lighting Co., Ltd.|15%|
|Hefei Xinsheng Optoelectronics Technology Co., Ltd.|15%|
|BOE (Hebei) Mobile Display Technology Co., Ltd.|15%|
|BOE Optical Science and Technology Co., Ltd.|15%|
|BOE Hyundai LCD (Beijing) Display Technology Co., Ltd.|15%|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
|||
|-|-|
|Beijing BOE Vacuum Electronics Co., Ltd.|15%|
|Beijing BOE Semi-conductor Co., Ltd.|15%|
|Beijing Asahi Electron Glass Co., Ltd.|15%|
|Beijing BOE Vacuum Technology Co., Ltd.|15%|
|Beijing BOE Dedicated Display Technology Co., Ltd.|15%|
|Beijing BOE Energy Technology Co., Ltd.|15%|
|Beijing BOE Multimedia Technology Co., Ltd.|15%|

2. Tax preference
||||
|-|-|-|
|Name of company enjoying the||Approval authority, approval document No.|
||Basis of policy||
|preferential policy||and valid period|
|Hefei BOE OptoelectronicsTechnology Co., Ltd.|In accordance with CS [2010] No.100—Circular on Refund the Closing RetainedTax Deduction forthe Imported Devices VAT of Partial Projectsjointly issued by Ministry of Finance and StateAdministration of Taxation, approving to refundthe closing retained tax deduction for theimported devices VAT of partial projects.|On 4 Nov. 2010, Ministry of Finance andState Administration of Taxation jointlyissued the CS [2010] No. 100, approving torefund the closing retained tax deduction forthe imported devices VAT of partial projects,such document executed from 1 Dec. 2010.|
|Beijing BOE DisplayTechnology Co., Ltd.Hefei BOE OptoelectronicsTechnology Co., Ltd.Hefei Xinsheng OptoelectronicsTechnology Co., Ltd.|In accordance with CS [2011] No.107—Circular on Refund the Closing RetainedTax Deduction for the Procured EquipmentsVAT of IC Enterprises jointly issued byMinistry of Finance and State Administration ofTaxation, approving to refund the closingretained tax deduction for the procuredequipments VAT of IC significant enterprises.|On 14 Nov. 2011, Ministry of Finance andState Administration of Taxation jointlyissued the CS [2011] No. 107, approving torefund the closing retained tax deduction forthe procured equipments VAT of ICsignificant enterprises, such documentexecuted from 1 Jan. 2011.|
|Beijing BOE DisplayTechnology Co., Ltd.Ordos Yuansheng OptoelectronicsCo., Ltd.|In accordance with CGS [2012] No. 17—Circular on Relevant Policies about InstalledTax Payment for the VAT of SignificantImported Devices of New Flat Panel DisplayItems jointly issued by the Ministry of Financeand General Administration of Customs,approved the new plat panel display significantenterprises to pay the VAT of imported newdevices by installment.|On 11 Apr. 2010, the Ministry of Finance andGeneral Administration of Customs jointlyissued the CGS [2012] No. 17, approving henew plat panel display significant enterprisesto pay the VAT of imported new devices byinstallment, such document executed from 1Jan. 2011.|
|Beijing BOE DisplayTechnology Co., Ltd.|In Apr. 2012, the Ministry of Finance issued theCGS [2012] No. 16, stipulating to provide thetariff and import VAT exemption and deduction|On 4 Nov. 2012, the Ministry of Finance,General Administration of Customs and StateAdministration of Taxation jointly issued the|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
||||
|-|-|-|
||for the building materials, auxiliary systems,equipment accessories in clean room(unavailable from domestic companies)imported by new display devices enterprises;and provide tariff exemption and deduction forproduction raw materials and consumptionmaterials (unavailable from domesticcompanies) imported by new display devicesenterprises.|CS [2012] No. 16, providing the taxpreferential policy of VAT and tariff for y newdisplay devices significant importedenterprises, the valid period of such documentis from 1 Jan. 2012 to 31 Dec. 2015.|
|Beijing BOE OptoelectronicsTechnology Co., Ltd.Chengdu BOE OptoelectronicsTechnology Co., Ltd.Hefei BOE OptoelectronicsTechnology Co., Ltd.Beijing BOE DisplayTechnology Co., Ltd.|In June 2012, the Ministry of Finance issued theDocument CGS [2012] No. 18 to implement onnew-typed display device makers, during theperiod from 1 January 2012 to 31 December2015, a tariff and import VAT exemption orreduction policy for importing decontaminationchamber building materials and mating systems,equipment parts, etc. that the country was unableto produce yet as well as a tariff exemption orreduction policy for importing productive rawmaterials and consumables that the country wasunable to produce yet.|On 20 June 2012, the Ministry of Finance, theGeneral Administration of Customs and theState Administration of Taxation jointlyissued the Document CS [2012] No. 18 tounveil an import VAT and tariff preferentialpolicy to enterprises responsible forsignificant new-typed display device projects,with a valid term from 1 January 2012 to 31December 2015.|
|Hefei Xinsheng OptoelectronicsTechnology Co., Ltd.Ordos Yuansheng OptoelectronicsCo., Ltd.|In Apr. 2013, the Ministry of Finance issued theCGS [2013] No. 25, affirmed that HefeiXingchengguang Electronic Technology Co.,Ltd. and Ordos Yuansheng Optoelectronics Co.,Ltd. have the qualification of enjoying theenterprise import taxes policies of the new typedisplay device production.|In Apr. 2013, the Ministry of Finance, GeneralAdministration of Customs and StateAdministration of Taxation jointly issued theCS [2013] No. 25, providing the taxpreferential policy of VAT and tariff for y newdisplay devices significant importedenterprises, the valid period lasts to the end ofY2015.|
|Hefei Xinsheng OptoelectronicsTechnology Co., Ltd.|As per CGS [2013] No. 63—The Notice of theMinistry of Finance and the GeneralAdministration of Customs Regarding a TaxAmortization Policy for a Third Batch ofNew-Typed Panel Display Device Projects,enterprises have been allowed to pay theirimport VAT by installments for the key newequipment for significant new-typed paneldisplay device projects.|In September 2013, the Ministry of Financeand the General Administration of Customsjointly issued the Document CGS [2013] No.63 to allow enterprises to pay their importVAT by installments for the key newequipment for significant new-typed paneldisplay device projects, effective from March2013.|
|Chongqing BOE OptoelectronicsTechnology Co., Ltd.|In Apr. 2014, the Ministry of Finance issued theCGS [2014] No. 46, affirmed that ChongqingBOE Optoelectronics Technology Co., Ltd. havethe qualification of enjoying the enterpriseimport taxes policies of the new type display|In Apr. 2014, the Ministry of Finance, GeneralAdministration of Customs and StateAdministration of Taxation jointly issued theCS [2014] No. 46, providing the taxpreferential policy of VAT and tariff for y new|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
||
|-|
|device production.|

3. Other
Naught
VII. Notes on major items in consolidated financial statements of the Company
1. Monetary funds
Unit: RMB Yuan Unit: RMB Yuan
||||
|-|-|-|
|Item|Closing balance|Opening balance|
|Cash on hand|266,492.00|318,386.00|
|Bank deposits|32,009,175,816.00|36,504,388,774.00|
|Other monetary funds|3,255,860,442.00|3,667,694,839.00|
|Total|35,265,302,750.00|40,172,401,999.00|
|Of which: the total amount deposited in|||
||2,162,427,986.00|1,050,839,545.00|
|overseas|||

Other notes
Of which: the total amount deposited in overseas was equivalent to RMB 2,098,635,810 (Y2014: RMB 1,050,839,545).
On 30 Jun. 2015, the Company took RMB 789,130,000 and USD 9,347 among the other monetary capital (Y2014: RMB 748,564,299, USD 49,400,000) as the pledge for acquiring the short-term borrowings. The rest of the other monetary capital equivalent to RMB 2,280,514,181 (Y2014: RMB 2,616,851,940) was the margin deposit for security deposited in the commercial bank.
2. Notes receivable
(1) Notes receivable listed by category
Unit: RMB Yuan
||||
|-|-|-|
|Item|Closing balance|Opening balance|
|Bank acceptance bill|215,349,506.00|500,308,383.00|
|Commercial acceptance bill|3,125,000.00|864,000.00|
|Total|218,474,506.00|501,172,383.00|

 (2) Notes receivable pledged by the Company at the period-end
Unit: RMB Yuan
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
|||
|-|-|
|Item|Amount|
|Bank acceptance bill|0.00|
|Commercial acceptance bill|0.00|
|Total|0.00|

 (3) Notes receivable which had endorsed by the Company or had discounted and had not due on the balance sheet date at the period-end
Unit: RMB Yuan
||||
|-|-|-|
||Amount of recognition termination at the|Amount of not terminated recognition at|
|Item|||
||period-end|the period-end|
|Bank acceptance bill|0.00|41,971,249.00|
|Commercial acceptance bill|0.00|2,185,000.00|
|Total|0.00|44,156,249.00|

 (4) Notes transferred to accounts receivable because drawer of the notes fails to executed the contract or agreement
Unit: RMB Yuan
|||
|-|-|
||Amount of the notes transferred to accounts receivable at theperiod-end|
|Item||
|Commercial acceptance bill|0.00|
|Total|0.00|

 Other notes
Naught
3. Accounts receivable
(1) Accounts receivable disclosed by category
Unit: RMB Yuan
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
||Closing balance|||||Opening balance|||||
||Book balance||Bad debt provisionWithdrawalAmountproportion|||Book balance||Bad debt provision|||
|Category|||||Book||||||
|||Proportio|||||Proportio||Withdrawal|Book value|
||Amount||Amount||value|Amount||Amount|||
|||n|||||n||proportion||
|Accounts receivable|||||||||||
|with significant|0.00|0.00%|0.00|0.00%|0.00|0.00|0.00%|0.00|0.00%|0.00|
|single amount for|||||||||||

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
|which bad debt|||||||||||
|provision separately|||||||||||
|accrued|||||||||||
|Accounts receivable|||||||||||
|withdrawn bad debt||||||6,607,9|||||
||7,391,44||||7,391,449|||||6,607,941,0|
|provision according||99.24%|0.00|0.00%||41,006.|99.01%|0.00|0.00%||
||9,028.00||||,028.00|||||06.00|
|to credit risks||||||00|||||
|characteristics|||||||||||
|Accounts receivable|||||||||||
|with insignificant|||||||||||
|single amount for|56,695,9||53,881,3||2,814,557|66,121,||58,300,29||7,821,116.0|
|||0.76%||95.04%|||0.99%||88.17%||
|which bad debt|47.00||90.00||.00|414.00||8.00||0|
|provision separately|||||||||||
|accrued|||||||||||
||||||7,394,263,585.00|6,674,0||||6,615,762,122.00|
||7,448,14||53,881,3|||||58,300,29|||
|Total||100.00%||0.72%||62,420.|100.00%||0.87%||
||4,975.00||90.00|||||8.00|||
|||||||00|||||

Accounts receivable with significant single amount for which bad debt provision separately accrued at the period-end
□ Applicable√ Inapplicable
In the groups, accounts receivable adopting aging analysis method to accrue bad debt provision:
□ Applicable√ Inapplicable
In the groups, accounts receivable adopting balance percentage method to withdraw bad debt provision
□ Applicable√ Inapplicable
In the groups, accounts receivable adopting other methods to accrue bad debt provision:
Unit: RMB Yuan
|||||||
|-|-|-|-|-|-|
|Name of the|Withdrawal method of|Basic for recognizing the|Closing balance|Closing balance of|Withdrawal|
|group|the bad bdet provision|group||the bad debt|proportion|
||by group|||provision||
|Credit risks|Other method|Owns the similar credit|7,391,449,028.00|0|0.00%|
|portfolio||risks characteristics||||

(2) Accounts receivable withdraw, reversed or collected during the reporting period
The withdrawal amount of the bad debt provision during the reporting period was of RMB 2,276,056.00 the amount of the reversed or collected part during the reporting period was of RMB 209,780.00.
Of which the significant amount of the reversed or collected part during the reporting period was of RMB 000:
Unit: RMB Yuan
||||
|-|-|-|
|Name of the units|Reversed or collected amount|Method|
|Naught|||

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD. (3) The actual write-off accounts receivable
Unit: RMB Yuan
|||
|-|-|
|Item|Amount|
|Credit risks portfolio|6,485,184.00|

 Of which the significant actual write-off accounts receivable:
Unit: RMB Yuan
|||||||
|-|-|-|-|-|-|
||||||Whether occurred|
|Name of the units|Nature|Amount|Reason|Process|from the related|
||||||transactions|
|Naught||||||

Notes of the write-off the accounts receivable: Naught
(4) Top 5 of the closing balance of the accounts receivable colleted according to the arrears party
The total amount of the accounts receivable of the top 5 of the Group at the year-end was of 3,718,387,687.00 that covered50% of the total amount of the closing balance of the accounts receivable at the year-end, which had not withdrawn the corresponding bad debt provision.
(5) Account receivable which terminate the recognition owning to the transfer of the financial assets Naught
(6) The amount of the assets and liabilities formed by the transfer and the continues involvement of accounts receivable
Naught
Other notes: Naught
4. Prepayment
(1) List by aging analysis
Unit: RMB Yuan
||||||
|-|-|-|-|-|
||Closing balance||Opening balance||
|Aging|||||
||Amount|Proportion|Amount|Proportion|
|Within 1 year|319,797,446.00|98.49%|148,835,790.00|98.74%|
|1 to 2 years|4,465,958.00|1.38%|1,372,083.00|0.91%|
|2 to 3 years|206,247.00|0.06%|285,505.00|0.19%|
|Over 3 years|218,643.00|0.07%|240,635.00|0.16%|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
||||||
|-|-|-|-|-|
|Total|324,688,294.00|--|150,734,013.00|--|

Notes of the reasons of the prepayment ages over 1 year with significant amount but failed settled in time: Naught
(2) Top 5 of the closing balance of the prepayment colleted according to the prepayment target
Unit: RMB Yuan
||||||
|-|-|-|-|-|
|Name of the|Relationship|Amount|Proportion|Reason|
|units|||||
|Unit 1|External supplier|92,886,186.00|29%|Both were normal prepayments|
|Unit 2|External supplier|25,337,278.00|8%|Both were normal prepayments|
|Unit 3|External supplier|10,470,182.00|3%|Both were normal prepayments|
|Unit 4|External supplier|8,490,444.00|3%|Both were normal prepayments|
|Unit 5|External supplier|7,125,338.00|2%|Both were normal prepayments|
|Total|--|144,309,428.00|44%|--|

Notes: Naught
5. Interest receivable
(1) Category of interest receivable
Unit: RMB Yuan
||||
|-|-|-|
|Item|Closing balance|Opening balance|
|Fixed time deposit|241,603,019.00|275,877,747.00|
|Entrust loans|0.00|0.00|
|Bond investment|0.00|0.00|
|Total|241,603,019.00|275,877,747.00|

 (2) Significant overdue interest
||||||
|-|-|-|-|-|
|||||Whether occurred|
|Borrower|Closing balance|Overdue time|Reason|impairment and its|
|||||judgment basis|
|Naught|||||

Notes: Naught
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD. 6. Dividend receivable
(1) Dividend receivable
Unit: RMB Yuan
||||
|-|-|-|
|Item (or investees)|Closing balance|Opening balance|
|Naught|||
|Total|0.00|0.00|

 (2) Significant dividend receivable aged over 1 year
Unit: RMB Yuan
||||||
|-|-|-|-|-|
|||||Whether occurred|
|Item (or investees)|Closing balance|Aging|Reason|impairment and its|
|||||judgment basis|
|Naught|||||

Notes: Naught
7. Other accounts receivable
(1) Other accounts receivable disclosed by category
Unit: RMB Yuan
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
||Closing balance|||||Opening balance|||||
||Book balance||Bad debt provision|||Book balance||Bad debt provision|||
|||||Withdra|||||||
|Category|||||Book||||||
|||Proportio||wal|||Proportio||Withdrawal|Book value|
||Amount||Amount||value|Amount||Amount|||
|||n||proportio|||n||proportion||
|||||n|||||||
|Other accounts|||||||||||
|receivable with|||||||||||
|significant single|||||||||||
||0.00|0.00%|0.00|0.00%|0.00|0.00|0.00%|0.00|0.00%|0.00|
|amount for which|||||||||||
|bad debt provision|||||||||||
|separately accrued|||||||||||
|Other accounts|||||||||||
|receivable withdrawn|||||||||||
||603,411,||||603,411,4|720,716||||720,716,55|
|bad debt provision||98.56%|0.00|0.00%|||98.79%|0.00|0.00%||
||448.00||||48.00|,550.00||||0.00|
|according to credit|||||||||||
|risks characteristics|||||||||||
|Other accounts|8,840,19|1.44%|8,840,19|100.00%|0.00|8,818,1|1.21%|8,818,190|100.00%|0.00|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
|receivable with|6.00||6.00|||90.00||.00|||
|insignificant single|||||||||||
|amount for which|||||||||||
|bad debt provision|||||||||||
|separately accrued|||||||||||
||612,251,||8,840,19||603,411,448.00|729,534||8,818,190||720,716,550.00|
|Total||100.00%||1.44%|||100.00%||1.21%||
||644.00||6.00|||,740.00||.00|||

 Other accounts receivable with significant single amount for which bad debt provision separately accrued at the period-end□ Applicable√ Inapplicable
In the groups, other accounts receivable adopting aging analysis method to accrue bad debt provision:
□ Applicable√ Inapplicable
In the groups, other accounts receivable adopting balance percentage method to withdraw bad debt provision
□ Applicable√ Inapplicable
In the groups, other accounts receivable adopting other methods to accrue bad debt provision:
√ Applicable□ Inapplicable
Unit: RMB Yuan
|||||||
|-|-|-|-|-|-|
|Name of the|Withdrawal method of|Basic for recognizing the|Closing balance|Closing balance of|Withdrawal|
|group|the bad bdet provision|group||the bad debt|proportion|
||by group|||provision||
|Credit risks|Other method|Owns the similar credit|603,411,448.00|0|0.00%|
|portfolio||risks characteristics||||

(2) Accounts receivable withdraw, reversed or collected during the reporting period
The withdrawal amount of the bad debt provision during the reporting period was of RMB22,006.00；the amount of the reversed or collected part during the reporting period was of RMB 0.00.
Of which the significant amount of the reversed or collected part during the reporting period:
Unit: RMB Yuan
||||
|-|-|-|
|Name of units|Reversed or collected amount|Method|
|Naught|||

(3) The actual write-off other accounts receivable
Unit: RMB Yuan
|||
|-|-|
|Item|Amount|
|Naught||

Notes of the significant write-off other accounts receivable:
Unit: RMB Yuan
|||||||
|-|-|-|-|-|-|
|Name of the units|Nature|Amount|Reason|Process|Whether from the|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
|||
|-|-|
||related transactions|
|Naught||

Notes of write-off other accounts receivable: Naught
(4) Other accounts receivable classified by the nature of accounts
Unit: RMB Yuan
||||
|-|-|-|
|Nature|Closing book balance|Opening book balance|
|VAT refunds|152,447,959.00|259,218,524.00|
|Equity transfer fee of accounts receivable|200,000,000.00|200,000,000.00|
|Cash deposit and cash pledge|31,695,545.00|29,873,154.00|
|Other|228,108,140.00|240,443,062.00|
|Total|612,251,644.00|729,534,740.00|

 (5) Top 5 of the closing balance of the other accounts receivable colleted according to the arrears party Unit: RMB Yuan
|||||||
|-|-|-|-|-|-|
|||||Proportion of the||
|||||total year end|Closing balance of|
|Name of units|Nature|Closing balance|Aging|||
|||||balance of the|bad debt provision|
|||||accounts receivable||
||Equity transfer|||||
|Company 1||200,000,000.00|Over 3 years|32.67%|0.00|
||account|||||
|Company 2|Export tax refunds|105,729,002.00|Within 1 year|17.27%|0.00|
||||1 to 2 years; over 3|||
|Company 3|Current account|41,200,000.00||6.73%|0.00|
||||years|||
||||Within 1 year; 1 to 2|||
||Unauthorized input|||||
|Company 4||30,753,432.00|years; 2 to 3 years;|5.02%|0.00|
||tax|||||
||||over 3 years|||
|Company 5|Cash deposit|26,000,000.00|2 to 3 years|4.25%|0.00|
|Total|--|403,682,434.00|--|65.93%|0.00|

 (6) Accounts receivable involved with government subsidies
Unit: RMB Yuan
||||||
|-|-|-|-|-|
||Project of government|||Estimated received time,|
|Name of units||Closing balance|Closing age||
||subsidies|||amount and basis|
|Naught|||||

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD. (7) Other account receivable which terminate the recognition owning to the transfer of the financial assets Naught
(8) The amount of the assets and liabilities formed by the transfer and the continues involvement of other accounts receivable
Naught
Other notes: Naught
8. Inventory
(1) Category of inventory
Unit: RMB Yuan
||||||||
|-|-|-|-|-|-|-|
||Closing balance|||Opening balance|||
|Item||Falling price|||Falling price||
||Book balance||Book value|Book balance||Book value|
|||reserves|||reserves||
|Raw materials|1,920,910,589.00|85,155,777.00|1,835,754,812.00|1,427,203,733.00|105,944,450.00|1,321,259,283.00|
|Goods in process|703,664,811.00|68,147,473.00|635,517,338.00|590,133,599.00|53,862,026.00|536,271,573.00|
|Inventory goods|3,821,728,051.00|676,519,951.00|3,145,208,100.00|2,749,796,229.00|535,694,180.00|2,214,102,049.00|
|Turnover|||||||
||97,404,229.00|123,070.00|97,281,159.00|91,671,124.00|0.00|91,671,124.00|
|materials|||||||
|Consumptive|||||||
||0.00|0.00|0.00|0.00|0.00|0.00|
|biological assets|||||||
|Completed|||||||
|unsettled assets|||||||
|formed from the|0.00|0.00|0.00|0.00|0.00|0.00|
|construction|||||||
|contacts|||||||
|Total|6,543,707,680.00|829,946,271.00|5,713,761,409.00|4,858,804,685.00|695,500,656.00|4,163,304,029.00|

 (2) Falling price reserves of inventory
Unit: RMB Yuan
||||||||
|-|-|-|-|-|-|-|
|||Increased amount||Decreased amount|||
|Item|Opening balance|||Reverse or||Closing balance|
|||Withdrawal|Other||Other||
|||||write-off|||
|Raw materials|105,944,450.00|63,850,756.00|0.00|84,639,429.00|0.00|85,155,777.00|
|Goods in process|53,862,026.00|43,244,119.00|0.00|28,958,672.00|0.00|68,147,473.00|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
||||||||
|-|-|-|-|-|-|-|
|Inventory goods|535,694,180.00|569,734,595.00|0.00|428,908,824.00|0.00|676,519,951.00|
|Turnover|0.00|||||123,070.00|
|||123,070.00|0.00|0.00|0.00||
|materials|||||||
|Consumptive|0.00|||||0.00|
|||0.00|0.00|0.00|0.00||
|biological assets|||||||
|Completed|0.00|||||0.00|
|unsettled assets|||||||
|formed from the||0.00|0.00|0.00|0.00||
|construction|||||||
|contacts|||||||
|Total|695,500,656.00|676,952,540.00|0.00|542,506,925.00|0.00|829,946,271.00|

 9. Assets divided as held-to-sold
Unit: RMB Yuan
||||||
|-|-|-|-|-|
||||Estimated disposal||
|Item|Closing book value|Fair value||Estimated disposal time|
||||expense||
|Naught|||||

Other notes: Naught
10. Non-current assets due within 1 year
Unit: RMB Yuan
||||
|-|-|-|
|Item|Closing balance|Opening balance|
|Naught|||
|Total|0.00|0.00|

 Other notes: Naught
11. Other current assets
Unit: RMB Yuan
||||
|-|-|-|
|Item|Closing balance|Opening balance|
|VAT to be deducted|4,079,958,976.00|3,533,043,636.00|
|Pre-paid Income tax|122,870.00|17,603,629.00|
|Finance products|4,468,870,003.00|2,520,714,295.00|
|Other|12,319,555.00|14,402,894.00|
|Total|8,561,271,404.00|6,085,764,454.00|

Other notes: Naught
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD. 12. Available-for-sale financial assets
(1) List of available-for-sale financial assets
Unit: RMB Yuan
||||||||
|-|-|-|-|-|-|-|
||Closing balance|||Opening balance|||
|Item||Depreciation|||Depreciation||
||Book balance||Book value|Book balance||Book value|
|||reserves|||reserves||
|Available-for-sale|||||||
||0.00|0.00|0.00|0.00|0.00|0.00|
|liabilities instruments:|||||||
|Available-for-sale equity|||||||
||541,948,934.00|150,279,655.00|391,669,279.00|473,810,148.00|150,279,655.00|323,530,493.00|
|instruments:|||||||
|Measured by fair|||||||
||477,012,823.00|150,099,655.00|326,913,168.00|416,524,662.00|150,099,655.00|266,425,007.00|
|value|||||||
|Measured by cost|64,936,111.00|180,000.00|64,756,111.00|57,285,486.00|180,000.00|57,105,486.00|
|Total|541,948,934.00|150,279,655.00|391,669,279.00|473,810,148.00|150,279,655.00|323,530,493.00|

 (2) Available-for-sale financial assets measured by fair value at the period-end
Unit: RMB Yuan
|||||
|-|-|-|-|
|Category of the||||
||Available-for-sale equity|Available-for-sale liabilities||
|available-for-sale financial|||Total|
||instruments|instruments||
|assets||||
|Cost of the equity||||
|instruments/amortized cost of|344,902,961.00|0.00|344,902,961.00|
|the liabilities instruments||||
|Fair value|326,913,168.00|0.00|326,913,168.00|
|Changes amount of the fair||||
|value accumulatively recorded|132,109,862.00|0.00|132,109,862.00|
|in other comprehensive income||||
|Withdrawn impairment amount|150,099,655.00|0.00|150,099,655.00|

 (3) Available-for-sale financial assets measured by cost at the period-end
Unit: RMB Yuan
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
||Book balance||||Impairment provision||||Shareholdi|Cash|
||||||||||ng|bonus of|
|Investee|Period-beg||||Period-beg||||proportion|the|
|||Increase|Decrease|Period-end||Increase|Decrease|Period-end|||
||in||||in||||among the|reporting|
||||||||||investees|period|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
|Teralane|||||||||||
||11,868,000|||11,868,000|||||||
|Semicond||0.00|0.00||0.00|0.00|0.00|0.00|7.29%|0.00|
||.00|||.00|||||||
|uctor Inc|||||||||||
|Zhejiang|||||||||||
||570,032.00|0.00|0.00|570,032.00|0.00|0.00|0.00|0.00|7.03%|0.00|
|BOE|||||||||||
|Beijing|||||||||||
|Digital TV|||||||||||
|National|||||||||||
||6,250,000.|||6,250,000.|||||||
|Engineerin||0.00|0.00||0.00|0.00|0.00|0.00|12.50%|0.00|
||00|||00|||||||
|g|||||||||||
|Laboratory|||||||||||
|Co., Ltd.|||||||||||
|Meta|30,733,954|||30,733,954|||||||
|||0.00|0.00||0.00|0.00|0.00|0.00|7.24%|0.00|
|Company|.00|||.00|||||||
|Danhua|||||||||||
||7,683,500.|7,650,625.||15,334,125|||||||
|Capital, L.|||0.00||0.00|0.00|0.00|0.00|5.48%|0.00|
||00|00||.00|||||||
|P.|||||||||||
|Other|180,000.00|0.00|0.00|180,000.00|180,000.00|0.00|0.00|180,000.00|0.00%|0.00|
||57,285,486|7,650,625.||64,936,111|||||||
|Total|||0.00||180,000.00|0.00|0.00|180,000.00|--|0.00|
||.00|00||.00|||||||

(4) Changes of the impairment of the available-for-sale financial assets during the reporting period
Unit: RMB Yuan
|||||
|-|-|-|-|
|Category of the||||
||Available-for-sale equity|Available-for-sale liabilities||
|available-for-sale financial|||Total|
||instruments|instruments||
|assets||||
|Withdrawn impairment balance||||
||150,279,655.00|0.00|150,279,655.00|
|at the period-begin||||
|Withdrawn amount of the period|0.00|0.00|0.00|
|Of which: transferred from other||||
||0.00|0.00|0.00|
|comprehensive income||||
|Decreased in the period|0.00|0.00|0.00|
|Of which: recovered and||||
|reversed amount of the fair|0.00|0.00|0.00|
|value after the period||||
|Withdrawn impairment balance||||
||150,279,655.00|0.00|150,279,655.00|
|at the period-end||||

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD. (5) Relevant notes of the fair value of the available-for-sale equity instruments which seriously fell or temporarily fell but not withdrawn the impairment provision
Unit: RMB Yuan
||||||||
|-|-|-|-|-|-|-|
|Item of|||||||
||||Falling range of||Withdrawn|Reason of not|
|available-for-sale||Fair value of the||Continued falling|||
||Investment cost||the fair value||amount of|withdrawn the|
|equity||period-end||time (month)|||
||||against the cost||impairment|impairment|
|instruments|||||||
|Naught|||||||

Other notes: Naught
13. Investment held-to-maturity
(1) List of investment held-to-maturity
Unit: RMB Yuan
||||||||
|-|-|-|-|-|-|-|
||Closing balance|||Opening balance|||
|Item||Impairment|||Impairment||
||Book balance||Book value|Book balance||Book value|
|||provision|||provision||
|Convertible|||||||
|bonds for HYDIS|17,960,946.00|17,960,946.00|0.00|17,960,946.00|17,960,946.00|0.00|
|Technology|||||||
|Total|17,960,946.00|17,960,946.00|0.00|17,960,946.00|17,960,946.00|0.00|

 (2) Significant held-to-maturity investment at the period-end
Unit: RMB Yuan
||||||
|-|-|-|-|-|
|Bond item|Par value|Nominal interest rate|Actual interest rate|Due date|
|Naught|||||

(3) Re-classified held-to-maturity investment during the reporting period
Naught
Other notes
The held-to-maturity investment of the Group and the Company was the originally held convertible bonds of HYDIS Technology Co., Ltd. (hereinafter referred to as―HYDISTechnology‖).
Due to poor operation, HYDIS Technologycouldn’t pay the remaining convertible bonds to the Company. The Company had withdrawn the provision for impairment of uncollected convertible bonds valued of RMB 17,960,946 (USD 2,170,000) in 2005.
On 30 Jun. 2015, the Company had not received any equities or interest, the collectability of such bonds had uncertainty, so the
Group and the Company maintained the original withdrawn impairment provision.
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD. 14. Long-term equity investment
Unit: RMB Yuan
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
|||Increase/decrease||||||||||
||||||||||||Closing|
||||||Adjustment||Cash bonus or|||||
|||||Gains and losses||||Withdrawal of||Closing|balance of|
|Investees|Opening balance|Additional|Reduced||of other|Changes of|profits|||||
|||||recognized under the||||impairment|Other|balance|impairment|
|||investment|investment||comprehensi|other equity|announced to|||||
|||||equity method||||provision|||provision|
||||||ve income||issue|||||
|I. Joint ventures||||||||||||
|II. Associated enterprises||||||||||||
|Beijing Nissin||||||||||||
|Electronics Precision||||||||||||
||787,850.00|0.00|0.00|4,360,963.00|0.00|0.00|0.00|0.00|0.00|5,148,813.00|0.00|
|Component Co., Ltd.||||||||||||
|(Nissin Electronics)||||||||||||
|Beijing Nittan||||||||||||
|Electronics Co., Ltd.|26,604,013.00|0.00|0.00|2,223,450.00|0.00|0.00|0.00|0.00|0.00|28,827,463.00|0.00|
|(Nittan Electronics)||||||||||||
|Beijing Yingfei||||||||||||
|Hailin Venture||||||||||||
|Capital Management|131,573.00|0.00|0.00|875,311.00|0.00|0.00|0.00|0.00|0.00|1,006,884.00|0.00|
|Co., Ltd. (Yingfei||||||||||||
|Hailin)||||||||||||
|Ordos BOE Energy||||||||||||
|Investment Co., Ltd.||||||||||907,476,536.0|337,612,177.0|
||907,483,229.00|0.00|0.00|-6,693.00|0.00|0.00|0.00|0.00|0.00|||
|(BOE Energy||||||||||0|0|
|Investment)||||||||||||
|Beijing Fly Hailin||||||||||||
||26,731,396.00|0.00|0.00|-2,006,764.00|0.00|0.00|0.00|0.00|0.00|24,724,632.00|0.00|
|Investment Center||||||||||||

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
|TPV Display||||||||||||
|Technology (China)|14,693,551.00|0.00|0.00|5,129,349.00|0.00|0.00|0.00|0.00|0.00|19,822,900.00|0.00|
|Co., Ltd.||||||||||||
|Fuzhou BOE||||||||||||
|||9,500,000.0||||||||||
|Optoelectronics|0.00||0.00|-18,579.00|0.00|0.00|0.00|0.00|0.00|9,481,421.00|0.00|
|||0||||||||||
|Technology Co., Ltd.||||||||||||
|||9,500,000.0||||||||996,488,649.0|337,612,177.0|
|Subtotal|976,431,612.00||0.00|10,557,037.00|0.00|0.00|0.00|0.00|0.00|||
|||0||||||||0|0|
|||9,500,000.0||||||||996,488,649.0|337,612,177.0|
|Total|976,431,612.00||0.00|10,557,037.00|0.00|0.00|0.00|0.00|0.00|||
|||0||||||||0|0|

 Other notes: Naught
15. Investment property
(1) Investment property adopted the cost measurement mode
√ Applicable□ Inapplicable
Unit: RMB Yuan
||||||
|-|-|-|-|-|
|Item|Houses and buildings|Land use right|construction in progress|Total|
|I. Original book value|||||
|1. Opening balance|838,438,988.00|659,779,216.00|0.00|1,498,218,204.00|
|2. Increased amount of the period|5,416,799.00|0.00|0.00|5,416,799.00|
|(1) Outsourcing|0.00|0.00|0.00|0.00|
|(2) Transfer of inventory\fixed assets\project under construction|5,416,799.00|0.00|0.00|5,416,799.00|
|(3) Increased from enterprise merger|0.00|0.00|0.00|0.00|
|3. Decreased amount of the period|0.00|0.00|0.00|0.00|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
||||||
|-|-|-|-|-|
|(1) Disposal|0.00|0.00|0.00|0.00|
|(2) Other transfer|0.00|0.00|0.00|0.00|
|4. Closing balance|843,855,787.00|659,779,216.00|0.00|1,503,635,003.00|
|II. Accumulative depreciation and accumulative amortization|||||
|1.Opening balance|174,662,880.00|71,734,561.00|0.00|246,397,441.00|
|2. Increased amount of the period|10,306,517.00|6,343,413.00|0.00|16,649,930.00|
|(1) Withdrawal or amortization|10,306,517.00|6,343,413.00|0.00|16,649,930.00|
|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. Closing balance|184,969,397.00|78,077,974.00|0.00|263,047,371.00|
|III. Depreciation reserves|0.00|0.00|0.00|0.00|
|1.Opening 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|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. Closing balance|0.00|0.00|0.00|0.00|
|IV. Book value|||||
|1. Closing book value|658,886,390.00|581,701,242.00|0.00|1,240,587,632.00|
|2. Opening book value|663,776,108.00|588,044,655.00|0.00|1,251,820,763.00|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD. (2) Investment property adopted fair value measurement mode
□ Applicable√ Inapplicable
16. Fixed assets
(1) List of fixed assets
Unit: RMB Yuan
||||||
|-|-|-|-|-|
|Item|Plant &buildings|Equipment|Others|Total|
|I. Original book value|||||
|1. Opening balance|14,182,678,253.00|57,622,804,472.00|359,349,156.00|72,164,831,881.00|
|2. Increased amount of the period|544,050,804.00|1,782,554,448.00|110,900,285.00|2,437,505,537.00|
|(1) Purchase|19,787,576.00|132,797,809.00|16,599,843.00|169,185,228.00|
|(2) Transfer of project under construction|524,263,228.00|1,649,520,856.00|94,300,442.00|2,268,084,526.00|
|(3) Increased from enterprise merger|0.00|235,783.00|0.00|235,783.00|
|3. Decreased amount of the period|46,161.00|163,891,424.00|3,527,260.00|167,464,845.00|
|(1) Disposal or scrap|46,161.00|148,619,397.00|2,409,976.00|151,075,534.00|
|4. Closing balance|14,726,682,896.00|59,241,467,496.00|466,722,181.00|74,434,872,573.00|
|II. Accumulative depreciation|||||
|1.Opening balance|1,560,835,053.00|20,394,357,685.00|147,414,673.00|22,102,607,411.00|
|2. Increased amount of the period|271,207,612.00|3,295,846,867.00|38,966,663.00|3,606,021,142.00|
|(1) Withdrawal|271,207,612.00|3,295,846,867.00|32920591.00|3,599,975,070.00|
|3. Decreased amount of the period|0.00|112,502,749.00|3,355,469.00|115,858,218.00|
|(1) Disposal or scrap|0.00|112,502,749.00|3,355,469.00|115,858,218.00|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
||||||
|-|-|-|-|-|
|4. Closing balance|1,832,042,665.00|23,577,701,803.00|183,025,867.00|25,592,770,335.00|
|III. Depreciation reserves|0.00|0.00|0.00|0.00|
|1.Opening balance|1,073,381.00|662,722,006.00|32,894.00|663,828,281.00|
|2. Increased amount of the period|2,944,708.00|0.00|4,941,303.00|7,886,011.00|
|(1) Withdrawal|2944708.00|0.00|4941303.00|7,886,011.00|
|3. Decreased amount of the period|0.00|14,025,989.00|84,124.00|14,110,113.00|
|(1) Disposal or scrap|0.00|14,025,989.00|84,124.00|14,110,113.00|
|4. Closing balance|4,018,089.00|648,696,017.00|4,890,073.00|657,604,179.00|
|IV. Book value|||||
|1. Closing book value|12,890,622,142.00|35,015,069,676.00|278,806,241.00|48,184,498,059.00|
|2. Opening book value|12,620,769,819.00|36,565,724,781.00|211,901,589.00|49,398,396,189.00|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD. (2) List of temporarily idle fixed asset
Unit: RMB Yuan
|||||||
|-|-|-|-|-|-|
|||Accumulative|Impairment|||
|Item|Original book value|||Book value|Notes|
|||depreciation|provision|||
|Naught||||||

(3) Fixed assets leased in from financing lease
Unit: RMB Yuan
||||||
|-|-|-|-|-|
|||Accumulative|||
|Item|Original book value||Impairment provision|Book value|
|||depreciation|||
|Houses and buildings|4,860,855.00|3,215,405.00|0.00|1,645,449.00|

 (4) Fixed assets leased out from operation leas
Unit: RMB Yuan
|||
|-|-|
|Item|Closing book value|
|Naught||

(5) Details of fixed assets failed to accomplish certification of property
Unit: RMB Yuan
||||
|-|-|-|
|Item|Book value|Reason|
|Naught|||

Other notes: Naught
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD. 17. Construction in progress
(1) List of construction in progress
Unit: RMB Yuan
||||||||
|-|-|-|-|-|-|-|
||Closing balance|||Opening balance|||
|Item|||||||
||Book balance|Impairment provision|Book value|Book balance|Impairment provision|Book value|
|The 8.5th Generation TFT-LCD Project of BOE Display|311,275,005.00|0.00|311,275,005.00|553,302,360.00|0.00|553,302,360.00|
|Operation, research and development Center|330,927,843.00|0.00|330,927,843.00|274,695,231.00|0.00|274,695,231.00|
|AM-OLED Project of Yuansheng Optoelectronics|9,516,061,897.00|0.00|9,516,061,897.00|9,162,623,595.00|0.00|9,162,623,595.00|
|The 8.5th Generation TFT-LCD Project of Hefei|||||||
||3,319,673,710.00|0.00|3,319,673,710.00|3,906,050,826.00|0.00|3,906,050,826.00|
|Xinsheng and the touchscreen project|||||||
|P6 project of the expansion of BOE Optoelectronics|16,465,816.00|0.00|16,465,816.00|40,397,835.00|0.00|40,397,835.00|
|The 8.5th Generation TFT-LCD Project of Chongqing|||||||
||14,451,400,983.00|0.00|14,451,400,983.00|7,103,041,619.00|0.00|7,103,041,619.00|
|BOE|||||||
|Other|791,956,590.00|1,311,456.00|790,645,134.00|829,841,200.00|1,311,456.00|828,529,744.00|
|Total|28,737,761,844.00|1,311,456.00|28,736,450,388.00|21,869,952,666.00|1,311,456.00|21,868,641,210.00|

 (2) Changes of significant construction in progress
Unit: RMB Yuan
||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|
||||||||Proporti||||Capita||
|||||||||||Of which: the|||
|||||Amount that|Other||on||Accumulative||lizatio||
||||Increased|||||||amount of the||Capital|
|||||transferred to|decreased||estimate|Project|amount of||n rate||
|Name o f item|Estimated number|Opening balance|amount of the|||Closing balance||||capitalized||resource|
|||||fixed assets of|amount of the||d of the|progress|capitalized||of the||
||||period|||||||interests of the||s|
|||||the period|period||project||interests||interes||
|||||||||||period|||
||||||||accumul||||ts of||

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|
||||||||ative||||the||
||||||||input||||period||
|The 8.5th||||||||||||Self-fin|
|Generation||||||||||||ancing|
|TFT-LCD|29,262,860,000.00|553,302,360.00|155,140,934.00|397,168,289.00|0.00|311,275,005.00|84.00%|84.00%|651,239,090.00|||and|
|Project of||||||||||||borrowin|
|BOE Display||||||||||||gs|
|Operation,|||||||||||||
|research and||||||||||||Self-fin|
||435,000,000.00|274,695,231.00|56,232,612.00|0.00|0.00|330,927,843.00|80.00%|80.00%|0.00|0.00|||
|development||||||||||||ancing,|
|Center|||||||||||||
|AM-OLED||||||||||||Self-fin|
|Project of||||||||||||ancing,|
|Yuansheng||||||9,516,061,897.0||||||borrowin|
||20,500,000,000.00|9,162,623,595.00|378,467,061.00|0.00|25,028,759.00||48.00%|48.00%|441,962,943.00|76,244,138.00|5.27%||
|Optoelectroni||||||0||||||gs and|
|cs||||||||||||Capital-r|
|||||||||||||aising r|
|The 8.5th|||||||||||||
|Generation|||||||||||||
|||||||||||||Self-fin|
|TFT-LCD|||||||||||||
|||||||||||||ancing,|
|Project of|||||||||||||
|||||1,171,242,000.0||3,319,673,710.0||||||borrowin|
|Hefei|33,897,000,000.00|3,906,050,826.00|584,864,884.00||0.00||70.00%|70.00%|932,592,650.00|101,033.00|3.11%||
|||||0||0||||||gs and|
|Xinsheng and|||||||||||||
|||||||||||||Capital-r|
|the|||||||||||||
|||||||||||||aising|
|touchscreen|||||||||||||
|project|||||||||||||
|P6 project of|||||||||||||
|||||||||||||Self-fin|
|the expansion|108,120,000.00|40,397,835.00|1,432,000.00|25,364,019.00|0.00|16,465,816.00|88.00%|88.00%|0.00|0.00|||
|||||||||||||ancing,|
|of BOE|||||||||||||

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD.
||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|
|Optoelectroni|||||||||||||
|cs Technology|||||||||||||
|The 8.5th||||||||||||Self-fin|
|Generation||||||||||||ancing,|
|TFT-LCD|||7,910,787,187.0||519,261,353.0|14,451,400,983.||||223,278,477.0||borrowin|
||30,000,000,000.00|7,103,041,619.00||43,166,470.00|||26.00%|26.00%|245,797,858.00||4.48%||
|Project of|||0||0|00||||0||gs and|
|Chongqing||||||||||||Capital-r|
|BOE||||||||||||aising|
|Other|0.00|829,841,200.00|435,761,049.00|469,183,722.00|4,461,937.00|791,956,590.00|0.00%|0.00%|0.00|0.00||Other|
||114,202,980,000.0||9,522,685,727.0|2,106,124,500.0|548,752,049.0|28,737,761,844.|||2,271,592,541.0|299,623,648.0|||
|Total||21,869,952,666.00|||||--|--||||--|
||0||0|0|0|00|||0|0|||

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD (3) List of the withdrawal of the impairment provision of the construction in progress
Unit: RMB Yuan
||||
|-|-|-|
|Item|Withdrawn amount|Reason|
|Naught|||

Other notes:
Naught
18. Intangible assets
(1) Information
Unit: RMB Yuan
|||||||
|-|-|-|-|-|-|
|Item|Land use right|Patent|Non-patents|Software|Total|
|I. Total original||||||
|book value||||||
|1. Opening balance|1,019,618,912.00|520,195,356.00|1,006,133,623.00|534,171,311.00|3,080,119,202.00|
|2. Increase in the||||||
||0.00|1,198,063.00|304,668.00|13,745,677.00|15,248,408.00|
|reporting period||||||
|(1) Purchase|0.00|1,198,063.00|304,668.00|13,745,677.00|15,248,408.00|
|(2) Internal R &D|0.00|0.00|0.00|0.00|0.00|
|(3) Increase from||||||
|enterprise|0.00|0.00|0.00|0.00|0.00|
|combination||||||
|3. Decrease in the||||||
||0.00|0.00|0.00|0.00|0.00|
|reporting period||||||
|(1) Purchase|0.00|0.00|0.00|0.00|0.00|
|4. Closing balance|1,019,618,912.00|521,393,419.00|1,006,438,291.00|547,916,988.00|3,095,367,610.00|
|II. Total accrued||||||
|amortization||||||
|1. Opening balance|88,512,122.00|119,201,638.00|449,709,106.00|263,714,367.00|921,137,233.00|
|2. Increase in the||||||
||10,172,573.00|33,973,090.00|35,926,626.00|28,085,396.00|108,157,685.00|
|reporting period||||||
|(1) Withdrawal|10,172,573.00|33,973,090.00|35,926,626.00|28,085,396.00|108,157,685.00|
|3. Decrease in the||||||
||0.00|0.00|0.00|0.00|0.00|
|reporting period||||||
|(1) Disposal|0.00|0.00|0.00|0.00|0.00|
|4. Closing balance|98,684,695.00|153,174,728.00|485,635,732.00|291,799,763.00|1,029,294,918.00|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD
|||||||
|-|-|-|-|-|-|
|III. Total impairment||||||
|provision||||||
|1. Opening balance|0.00|0.00|0.00|471,453.00|471,453.00|
|2. Increase in the||||||
||0.00|0.00|0.00|0.00|0.00|
|reporting period||||||
|(1) Withdrawal|0.00|0.00|0.00|0.00|0.00|
|3. Decrease in the||||||
||0.00|0.00|0.00|0.00|0.00|
|reporting period||||||
|(1) Disposal|0.00|0.00|0.00|0.00|0.00|
|4. Closing balance|0.00|0.00|0.00|471,453.00|471,453.00|
|IV. Total book value||||||
|of intangible assets||||||
|1. Book value of the||||||
||920,934,217.00|368,218,691.00|520,802,559.00|255,645,772.00|2,065,601,239.00|
|period-end||||||
|2. Book value of the||||||
||931,106,790.00|400,993,718.00|556,424,517.00|269,985,491.00|2,158,510,516.00|
|period-begin||||||

The proportion the intangible assets formed from the internalR&D through the Company amount the balance of the intangible assets at the period-end was0.00%.
(2) Details of fixed assets failed to accomplish certification of land use right
Unit: RMB Yuan
||||
|-|-|-|
|Item|Book value|Reason|
|Naught|||

Other notes: Naught
19. Goodwill
(1) Original book value of goodwill
Unit: RMB Yuan
||||||||
|-|-|-|-|-|-|-|
|Name of the investees or the events formed|||||||
||Opening balance|Increase||Decrease||Closing balance|
|goodwill|||||||
|Beijing Yinghe Century Co., Ltd.|42,940,434.00|0.00|0.00|0.00|0.00|42,940,434.00|
|K-Tronics (Suzhou) Technology Co., Ltd|8,562,464.00|0.00|0.00|0.00|0.00|8,562,464.00|
|Beijing BOE Optoelectronics Technology Co., Ltd.|4,423,876.00|0.00|0.00|0.00|0.00|4,423,876.00|
|Total|55,926,774.00|0.00|0.00|0.00|0.00|55,926,774.00|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD (2) Impairment provision of goodwill
Unit: RMB Yuan
||||||||
|-|-|-|-|-|-|-|
|Name of the investees or the events formed goodwill|Opening balance|Increase||Decrease||Closing balance|
|Beijing BOE Optoelectronics Technology Co., Ltd.|4,423,876.00|0.00|0.00|0.00|0.00|4,423,876.00|
|Total|4,423,876.00|0.00|0.00|0.00|0.00|4,423,876.00|

 Notes of the testing process of goodwill impairment, parameters and the recognition method of goodwill impairment losses: Whether there is the indication of impairment or not, the Group shall estimate the recoverable amount of goodwill at the end of each fiscal year. The Group amortizes the book value of goodwill in accordance with the situation of related asset group or combination of asset groups gaining benefits from the synergy effect of enterprise merger, and conducts the impairment test of goodwill basing on such situation.
Other notes: Naught
20. Long-term unamortized expenses
Unit: RMB Yuan
|||||||
|-|-|-|-|-|-|
|Item|Opening balance|Increase|Amortization amount|Decrease|Closing balance|
|Cost of operating lease assets||||||
||11,954,227.00|0.00|849,877.00|0.00|11,104,350.00|
|improvement||||||
|Cost of construction and use of||||||
||159,553,685.00|0.00|7,685,112.00|0.00|151,868,573.00|
|public facilities||||||
|Other|132,476,770.00|33,473,390|18,872,220|0.00|147,077,940|
|Total|303,984,682.00|33,473,390|27,407,209|0.00|310,050,863|

 Other notes: Naught
21. Deferred income tax assets/deferred income tax liabilities
(1) Deferred income tax assets had not been off-set
Unit: RMB Yuan
||||||
|-|-|-|-|-|
||Closing balance||Opening balance||
|Item|Deductible temporary|Deferred income|Deductible temporary|Deferred income tax|
||difference|tax assets|difference|assets|
|Assets impairment provision|168,773,461.00|42,066,768.00|169,685,860.00|42,223,368.00|
|Unrealized profits of the|||||
||0.00|0.00|0.00|0.00|
|internal transactions|||||
|Deductible losses|136,619,056.00|34,154,764.00|185,140,308.00|46,285,077.00|
|Differences of depreciation and|||||
||23,677.00|3,553.00|23,677.00|3,553.00|
|amortization|||||
|Assessment of value-added to|161,549,307.00|40,387,327.00|164,326,226.00|41,081,557.00|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD
||||||
|-|-|-|-|-|
|the investment of Yinghe|||||
|Century|||||
|Employee payroll payable|591,429.00|100,543.00|1,901,035.00|323,177.00|
|Other|35,451,577.00|8,862,893.00|35,451,577.00|8,862,893.00|
|Total|503,008,507.00|125,575,848.00|556,528,683.00|138,779,625.00|

 (2) Deferred income tax liabilities had not been off-set
Unit: RMB Yuan
||||||
|-|-|-|-|-|
||Closing balance||Opening balance||
|Item|Deductible temporary|Deferred income tax|Deductible temporary|Deferred income tax|
||difference|liabilities|difference|liabilities|
|Asset evaluation increment of|||||
|the enterprise merger not under|937,394,208.00|234,348,552.00|950,655,360.00|237,663,840.00|
|the same control|||||
|Changes of the fair value of the|||||
|available-for-sale financial|0.00|0.00|0.00|0.00|
|assets|||||
|Difference of the depreciation|||||
||297,124,928.00|44,568,739.00|154,002,972.00|23,100,446.00|
|amortization|||||
|Finance products|21,492,740.00|3,223,911.00|20,714,295.00|3,127,511.00|
|Long-term equity investment|560,387,820.00|84,058,173.00|560,387,820.00|84,058,173.00|
|Total|1,816,399,696.00|366,199,375.00|1,685,760,447.00|347,949,970.00|

 (3) Deferred income tax assets or liabilities listed by net amount after off-set
Unit: RMB Yuan
||||||
|-|-|-|-|-|
||Mutual set-off amount of|Amount of deferred|Mutual set-off amount of|Amount of deferred|
||deferred income tax|income tax assets or|deferred income tax|income tax assets or|
|Item|||||
||assets and liabilities at|liabilities after off-set at|assets and liabilities at|liabilities after off-set at|
||the period-end|the period-end|the period-begin|the period-begin|
|Deferred income tax||125,575,848.00||138,779,625.00|
||0.00||0.00||
|assets|||||
|Deferred income tax||366,199,375.00||347,949,970.00|
||0.00||0.00||
|liabilities|||||

(4) List of unrecognized deferred income tax assets
Unit: RMB Yuan
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD
||||
|-|-|-|
|Item|Closing amount|Opening amount|
|Deductible temporary difference|3,681,644,240|2,945,109,382.00|
|Deductible losses|1,567,613,417|1,137,178,435.00|
|Total|5,249,257,657|4,082,287,817.00|

 (5) Deductible losses of unrecognized deferred income tax assets will due the following years
Unit: RMB Yuan
|||||
|-|-|-|-|
|Years|Closing amount|Opening amount|Note|
|Y 2015|334,564,948.00|276,900,139.00||
|Y 2016|239,551,456.00|147,477,751.00||
|Y 2017|345,700,921.00|303,999,410.00||
|Y 2018|194,199,145.00|179,737,332.00||
|Y 2019|177,731,940.00|229,063,803.00||
|Y 2020|275,865,008.00|0.00||
|Total|1,567,613,418.00|1,137,178,435.00|--|

Other notes: Naught
22. Other non-current assets
Unit: RMB Yuan
||||
|-|-|-|
|Item|Closing balance|Opening balance|
|Prepayment for construction|51,597,840.00|115,232,105.00|
|Prepayment for procurement of fixed assets|417,169,101.00|804,249,999.00|
|The VAT collection of imported equipment|66,293,839.00|485,986,004.00|
|Other|233,339,493.00|15,096,261.00|
|Total|768,400,273.00|1,420,564,369.00|

 Other notes: N/A
23. Short-term loans
(1) Category of short-term loans
Unit: RMB Yuan
||||
|-|-|-|
|Item|Closing balance|Opening balance|
|Pledge loan|976,606,990.00|1,046,392,788.00|
|Mortgage loan|30,000,000.00|30,000,000.00|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD
||||
|-|-|-|
|Guarantee loan|0.00|0.00|
|Credit loan|724,237,687.00|1,082,595,812.00|
|Total|1,730,844,677.00|2,158,988,600.00|

 Other notes: N/A
(2) List of the short-term loans overdue but not return
The total amount of the overdue but not return short-term borrowings at the period-end was of RMB 000, of which the situation of the significant overdue but not return short-term borrowings as follows:
Unit: RMB Yuan
||||||
|-|-|-|-|-|
|Borrower|Closing balance|Borrowing rate|Overdue time|Overdue rate|
|N/A|||||

Other notes: N/A
24. Notes payable
Unit: RMB Yuan
||||
|-|-|-|
|Category|Closing balance|Opening balance|
|Trade acceptance bill|374,532,677.00|258,737,884.00|
|Bank acceptance bill|0.00|0.00|
|Total|374,532,677.00|258,737,884.00|

 The total amount of the due but not pay notes payable at the period-end was of RMB 000.
25. Accounts payable
(1) List of accounts payable
Unit: RMB Yuan
||||
|-|-|-|
|Category|Closing balance|Opening balance|
|Related party payable|2,430,806.00|12,976,023.00|
|Third party payable|7,633,482,445.00|6,678,261,660.00|
|Total|7,635,913,251.00|6,691,237,683.00|

 (2) Notes of the accounts payable aging over one year
Unit: RMB Yuan
||||
|-|-|-|
|Name of creditor|Amount|Unpaid reason|
|N/A|||

Other notes: N/A
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD 26. Advance from customers
(1) List of advance from customers
Unit: RMB Yuan
||||
|-|-|-|
|Category|Closing balance|Opening balance|
|Advance from related party|3,823.00|100,928.00|
|Advance from third party|560,162,515.00|314,611,704.00|
|Total|560,166,338.00|314,712,632.00|

 (2) Significant advance from customers aging over one year
Unit: RMB Yuan
||||
|-|-|-|
|Item|Closing balance|Unpaid/ Un-carry-over reason|
|N/A|||

(3) Particulars of settled but unfinished projects formed by construction contract at period-end.
Unit: RMB Yuan
|||
|-|-|
|Item|Amount|
|Cost accumulatively occurred|0.00|
|Gross margin accumulatively recognized|0.00|
|Less: estimate losses|0.00|
|Amount had conduct the settlement|0.00|
|Completed unsettlement project formed by the construction contract|0.00|

 Other notes: N/A
27. Payroll payable
(1) List of Payroll payable
Unit: RMB Yuan
||||||
|-|-|-|-|-|
|Item|Opening balance|Increase|Decrease|Closing balance|
|I. Short-term salary|1,101,654,236.00|2,700,240,364.00|2,878,610,364.00|923,284,236.00|
|II. Post-employment benefit -|||||
||34,848,353.00|207,688,173.00|222,321,661.00|20,214,865.00|
|defined contribution plans|||||
|III. Demission welfare|15,120,332.00|1,220,327.00|1,220,327.00|15,120,332.00|
|IV. Other welfare due within|||||
||0.00|0.00|0.00|0.00|
|one year|||||

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD
||||||
|-|-|-|-|-|
|Total|1,151,622,921.00|2,909,148,864.00|3,102,152,352.00|958,619,433.00|

 (2) List of Short-term salary
Unit: RMB Yuan
||||||
|-|-|-|-|-|
|Item|Opening balance|Increase|Decrease|Closing balance|
|1. Salary, bonus, allowance, subsidy|888,236,228.00|2,191,416,206.00|2,370,868,697.00|708,783,737.00|
|2. Employee welfare|0.00|239,595,512.00|239,595,512.00|0.00|
|3. Social insurance|34,142,462.00|102,001,517.00|103,742,761.00|32,401,218.00|
|Including: 1. Medical insurance premiums|32,329,441.00|85,483,877.00|87,159,028.00|30,654,290.00|
|Work-related injury insurance|606,425.00|8,957,904.00|9,094,427.00|469,902.00|
|Maternity insurance|1,206,596.00|7,559,736.00|7,489,306.00|1,277,026.00|
|4. Housing fund|11,509,770.00|84,442,872.00|87,223,672.00|8,728,970.00|
|5. Labor union budget and employee education|||||
||158,223,788.00|52,898,574.00|45,475,677.00|165,646,685.00|
|budget|||||
|6. Short-term absence with payment|0.00|0.00|0.00|0.00|
|7. Employee bonus and welfare fund|7,282,591.00|0.00|0.00|7,282,591.00|
|8. Other|2,259,397.00|29,885,683.00|31,704,045.00|441,035.00|
|Total|1,101,654,236.00|2,700,240,364.00|2,878,610,364.00|923,284,236.00|

 (3) List of drawing scheme
Unit: RMB Yuan
||||||
|-|-|-|-|-|
|Item|Opening balance|Increase|Decrease|Closing balance|
|1. Basic pension benefits|23,742,078.00|186,514,182.00|193,248,594.00|17,007,666.00|
|2. Unemployment insurance|1,312,546.00|11,343,383.00|11,551,652.00|1,104,277.00|
|3. Annuity|9,793,729.00|9,830,608.00|17,521,415.00|2,102,922.00|
|Total|34,848,353.00|207,688,173.00|222,321,661.00|20,214,865.00|

 Other notes: N/A
28. Taxes payable
Unit: RMB Yuan
||||
|-|-|-|
|Item|Closing balance|Opening balance|
|VAT|3,313,399.00|31,074,915.00|
|Consumption tax|0.00|0.00|
|Business tax|2,959,198.00|2,951,913.00|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD
||||
|-|-|-|
|Corporate income tax|140,824,319.00|166,876,477.00|
|Personal income tax|14,914,362.00|20,207,177.00|
|Urban maintenance and construction tax|45,010,147.00|22,602,452.00|
|Educational surcharges and local educational surcharges|32,155,023.00|16,347,348.00|
|Other|25,086,419.00|58,159,368.00|
|Total|264,262,867.00|318,219,650.00|

 Other notes: N/A
29. Interest payable
Unit: RMB Yuan
||||
|-|-|-|
|Item|Closing balance|Opening balance|
|Interest payable on long-term borrowings that interest was paid by stages and principle|||
||273,220,773.00|215,818,523.00|
|was repay upon due|||
|Interest of corporate bond|0.00|0.00|
|Interest payable on short-term borrowings|2,560,223.00|3,589,441.00|
|Interest of preferred stock/perpetual bond classified as financial liabilities|0.00|0.00|
|Other|0.00|0.00|
|Total|275,780,996.00|219,407,964.00|

 Particulars of significant overdue unpaid interest:
Unit: RMB Yuan
||||
|-|-|-|
|Entity|Overdue amount|Overdue reason|
|N/A|||

Other notes: N/A
30. Dividends payable
Unit: RMB Yuan
||||
|-|-|-|
|Item|Closing balance|Opening balance|
|Common stock dividends|9,651,170.00|8,051,170.00|
|Stock dividends of preferred stock/perpetual bond classfied as equity|||
||0.00|0.00|
|instrument|||
|Other|0.00|0.00|
|Total|9,651,170.00|8,051,170.00|

 Note: Including significant unpaid dividends payable over one year, the unpaid reason shall be disclosed:
As of 30 Jun. 2015, dividends payable is unpaid mainly because non-current shareholders did not claim relevant dividends and the
unpaid cash dividends of the minority shareholders of Vacuum Appliance.
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD 31. Other accounts payable
(1) Other accounts payable listed by nature of the account
Unit: RMB Yuan
||||
|-|-|-|
|Item|Closing balance|Opening balance|
|Engineering and equipment|4,744,843,357.00|5,419,231,049.00|
|The VAT collection of imported equipment|707,343,191.00|914,032,323.00|
|Purchase of patent right|178,730,106.00|152,169,522.00|
|Margin|142,066,534.00|162,396,662.00|
|Pre-withdrawal water and electricity|145,371,255.00|156,822,593.00|
|Logistics freight|52,587,459.00|62,611,588.00|
|External agency fee|12,791,646.00|15,638,959.00|
|Royalties payment of technology|8,884,378.00|45,467,483.00|
|Tender offers|177,294,400.00|195,206,440.00|
|Other|324,157,143.00|426,809,406.00|
|Total|6,494,069,469.00|7,550,386,025.00|

 (2) Other significant accounts payable with aging over one year
Unit: RMB Yuan
||||
|-|-|-|
|Item|Closing balance|Unpaid/ Un-carry-over reason|
|N/A|||

Other notes: N/A
32. Non-current liabilities due within 1 year
Unit: RMB Yuan
||||
|-|-|-|
|Item|Closing balance|Opening balance|
|Long-term loan due within 1 year|881,030,022.00|15,000,000.00|
|Bonds payable due within 1 year|0.00|0.00|
|Long-term accounts payable due within 1 year|0.00|0.00|
|Total|881,030,022.00|15,000,000.00|

 Other notes: N/A
33. Other current-liabilities
Unit: RMB Yuan
||||
|-|-|-|
|Item|Closing balance|Opening balance|
|Short term bond|0.00|0.00|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD
||||
|-|-|-|
|Quality assurance deposit|373,827,226.00|290,588,570.00|
|Total|373,827,226.00|290,588,570.00|

 Changes on short term bonds payable:
Unit: RMB Yuan
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
||||Period|||The|Withdraw|Overflow|Pay in||
|Name of|Book|||Issue|Opening|||||Closing|
|||Issue date||||current|interest at|discount|current||
|the bond|value|||amount|balance|||||period|
|||||||issue|par|amortization|period||
|N/A|||||||||||

Other notes: N/A
34. Long-term loan
(1) Category of long-term loan
Unit: RMB Yuan
||||
|-|-|-|
|Item|Closing balance|Opening balance|
|Pledge loan|22,200,000.00|17,495,000.00|
|Mortgage loan|31,982,481,142.00|32,099,191,292.00|
|Guarantee loan|0.00|0.00|
|Credit loan|4,045,122,780.00|1,514,418,377.00|
|Total|36,049,803,922.00|33,631,104,669.00|

 Notes: N/A
Other notes including interest rate range: N/A
35. Accrued liabilities
Unit: RMB Yuan
|||||
|-|-|-|-|
||Closing|Opening||
|Item|||Formation reasons|
||balance|balance||
|External guaranty|0.00|0.00||
|Pending litigation|0.00|0.00||
|PQA|0.00|0.00||
|Restructuring obligations|0.00|0.00||
|Loss contract to be executed|0.00|0.00||
||||In 2009, the Group ceased producing several products and stopped|
||||fulfilling the purchase contract related to production. Due to the|
|Other|16,457,010.00|16,457,010.00||
||||indemnity incurred accordingly, the Group withdrew the relevant|
||||estimated liabilities according to reasonable estimation of losses.|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD
|||||
|-|-|-|-|
|Total|16,457,010.00|16,457,010.00|--|

Other notes, including related important assumptions and estimates of accrued liabilities:
36. Deferred income
Unit: RMB Yuan
|||||||
|-|-|-|-|-|-|
|Item|Opening balance|Increase|Decrease|Closing balance|Formation reasons|
|Government|||||Government|
||2,441,846,447.00|200,019,316.00|233,450,649.00|2,408,415,114.00||
|subsidies|||||subsidies|
|Total|2,441,846,447.00|200,019,316.00|233,450,649.00|2,408,415,114.00|--|

Items involved in government subsidies:
Unit: RMB Yuan
||||||||
|-|-|-|-|-|-|-|
||||Amount accrued||||
|||Amount of newly||||Related to the|
|Item|Opening balance||in non-business|Other changes|Closing balance||
|||subsidy||||assets/ income|
||||income||||
|-The 8.5th|||||||
|||||||Related to the|
|Generation|848,409,935.00|0.00|70,809,524.00|0.00|777,600,411.00||
|||||||assets|
|TFT-LCD Project|||||||
|-The 6th|||||||
|||||||Related to the|
|Generation|215,238,096.00|0.00|34,285,714.00|0.00|180,952,382.00||
|||||||assets|
|TFT-LCD Project|||||||
|-Research|||||||
|platform of|||||||
|||||||Related to the|
|common|6,071,429.00|0.00|1,071,429.00|0.00|5,000,000.00||
|||||||assets|
|technology on|||||||
|panel display|||||||
|-Contracted for|||||||
|construction plant||||||Related to the|
||10,240,000.00|0.00|360,000.00|0.00|9,880,000.00||
|in industrial zone||||||assets|
|of Hebei|||||||
|-Construction of|||||||
|National|||||||
|Engineering||||||Related to the|
||12,142,857.00|0.00|2,142,857.00|0.00|10,000,000.00||
|Laboratory for||||||assets|
|TFT-LCD|||||||
|technology|||||||
|-Government|||||||
|grants on other||||||Related to the|
||1,283,785,303.00|114,910,910.00|89,493,357.00|0.00|1,309,202,856.00||
|technology||||||assets|
|project|||||||

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD
||||||||
|-|-|-|-|-|-|-|
|Full HD large|||||||
|size technological|||||||
|development of|||||||
||180,000.00|0.00|180,000.00|0.00|0.00|Related to income|
|TFT-LCD|||||||
|platform use for|||||||
|TV|||||||
|Technological|||||||
|development of|||||||
||170,000.00|0.00|170,000.00|0.00|0.00|Related to income|
|array substrate|||||||
|integration|||||||
|-Government|||||||
|grants on other|||||||
||65,608,827.00|85,108,406.00|34,937,768.00|0.00|115,779,465.00|Related to income|
|technology|||||||
|project|||||||
|Total|2,441,846,447.00|200,019,316.00|233,450,649.00|0.00|2,408,415,114.00|--|

 Other notes: N/A
37. Other non-current liabilities
Unit: RMB Yuan
||||
|-|-|-|
|Item|Closing balance|Opening balance|
|Convertible obligatory right|3,486,970,040.00|3,380,580,059.00|
|The VAT of collection of imported equipment|66,293,839.00|485,986,004.00|
|Total|3,553,263,879.00|3,866,566,063.00|

 Other notes: N/A
38. Share capital
Unit: RMB Yuan
|||||||||
|-|-|-|-|-|-|-|-|
|||Increase/decrease (+/-)||||||
|||||Capitalization||||
||Opening balance|Newly|||||Closing balance|
||||Bonus shares|of public|Other|Subtotal||
|||issue share||||||
|||||reserves||||
|The sum of|35,289,637,574.00||||||35,289,637,574.00|
|||0.00|0.00|0.00|0.00|0.00||
|shares||||||||

Other notes: N/A
39. Capital reserves
Unit: RMB Yuan
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD
||||||
|-|-|-|-|-|
|Item|Opening balance|Increase|Decrease|Closing balance|
|Capital premium|38,181,665,280.00|0.00|0.00|38,181,665,280.00|
|Other capital reserves|902,728,161.00|520,303.00|2,316,460.00|900,932,004.00|
|Total|39,084,393,441.00|520,303.00|2,316,460.00|39,082,597,284.00|

 Other notes, including changes and reason of change:
40. Treasury stock
Unit: RMB Yuan
||||||
|-|-|-|-|-|
|Item|Opening balance|Increase|Decrease|Closing balance|
|Shareholder repurchase stock|198,004,581.00|79,051,195.00|0.00|277,055,776.00|
|Total|198,004,581.00|79,051,195.00|0.00|277,055,776.00|

 Other notes, including changes and reason of change:
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD 41. Other comprehensive income
Unit: RMB Yuan
|||||||||
|-|-|-|-|-|-|-|-|
|||Reporting period||||||
||||Less: Amount|||||
||||transferred into profit|||||
||||and loss in the current|||||
||||||After-tax attribute|After-tax attribute|Closing|
|Item|Opening balance|Amount incurred|period that|Less: income tax||||
||||||to the parent|to minority|balance|
|||before income tax|recognized into other|expense||||
||||||company|shareholder||
||||comprehensive|||||
||||income in prior|||||
||||period|||||
|1.Other comprehensive income will be|||||0.00|||
||0.00|0.00|0.00|0.00||0.00|0.00|
|reclassified into income or loss in the future||||||||
|Of which: changes in net assets and liabilities|||||0.00|||
||0.00|0.00|0.00|0.00||0.00|0.00|
|of recalculated defined benefit plans||||||||
|Share of other comprehensive income of|||||0.00|||
|investees measured by the equity method not|0.00|0.00|0.00|0.00||0.00|0.00|
|reclassifiable to profit or loss||||||||
|II. Other comprehensive income reclassified|||||71,517,997.00|||
||40,630,611.00|73,546,139.00|0.00|2,102,991.00||-74,849.00|112,148,608.00|
|into profit and loss in future||||||||
|Of which, shares in other comprehensive|||||0.00|||
|income reclassified into profits or losses in||||||||
||0.00|0.00|0.00|0.00||0.00|0.00|
|future in investee entity under the equity||||||||
|method||||||||
|Profits or losses from the change of fair value|||||72,615,730.00|||
||89,133,636.00|74,643,872.00|0.00|2,102,991.00||-74,849.00|161,749,366.00|
|of available for sale financial assets||||||||

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD
|||||||||
|-|-|-|-|-|-|-|-|
|Gain or loss on reclassification of|||||0.00|||
|held-to-maturity investments to|0.00|0.00|0.00|0.00||0.00|0.00|
|available-for-sale financial assets||||||||
|Effective elements of gain or loss of cash flow|||||0.00|||
||0.00|0.00|0.00|0.00||0.00|0.00|
|hedges||||||||
|Converted amount of foreign currency financial|||||-1,097,733.00|||
||-48,503,025.00|-1,097,733.00|0.00|0.00||0.00|-49,600,758.00|
|statements||||||||
|Total|40,630,611.00|73,546,139.00|0.00|2,102,991.00|71,517,997.00|-74,849.00|112,148,608.00|

 Other notes, including the adjustment of the recognition of initial amount of effective part of the cash flow hedging gains and losses transfer into arbitraged items:
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD 42. Surplus reserves
Unit: RMB Yuan
||||||
|-|-|-|-|-|
|Item|Opening balance|Increase|Decrease|Closing balance|
|Statutory surplus reserves|213,997,552.00|47,065,643.00|0.00|261,063,195.00|
|Discretional 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 development fund|0.00|0.00|0.00|0.00|
|Other|0.00|0.00|0.00|0.00|
|Total|503,668,861.00|47,065,643.00|0.00|550,734,504.00|

 Other note, including changes and reason of change
43. Retained profits
Unit: RMB Yuan
||||
|-|-|-|
|Item|Reporting period|Same period of last year|
|Opening balance of retained profits before adjustments|1,434,745,673.00|-1,122,806,908.00|
|Total of opening balance of retained profits before adjustments|||
||0.00|0.00|
|(Add +, Less -)|||
|Opening balance of retained profits after adjustments|1,434,745,673.00|-1,122,806,908.00|
|Add: Net profit attributable to owners of the Company|1,951,170,852.00|1,041,635,714.00|
|Less: Withdrawal of statutory surplus reserves|47,065,643.00|0.00|
|Withdrawal of discretional surplus reserves|0.00|0.00|
|Withdrawal of provision for general risk|0.00|0.00|
|Dividend of common stock payable|0.00|0.00|
|Dividend of common stock converted into share capital|0.00|0.00|
|Closing retained profits|3,338,850,882.00|-81,171,194.00|

 List of adjustment of opening retained profits:
1) RMB 000 opening retained profits was affected by retrospective adjustment conducted according to the Accounting Standards for Business Enterprises and relevant new regulations.
2) RMB 000 opening retained profits was affected by changes on accounting policies.
3) RMB 000 opening retained profits was affected by correction of significant accounting errors.
4) RMB 000 opening retained profits was affected by changes in combination scope arising from same control.
5) RMB 000 opening retained profits was affected totally by other adjustments.
44. Revenue and Cost of Sales
Unit: RMB Yuan
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD
||||||
|-|-|-|-|-|
||Reporting period||Same period of last year||
|Item|||||
||Revenue|Cost|Revenue|Cost|
|Main operation|21,917,479,361.00|16,736,885,573.00|15,402,900,295.00|12,101,199,679.00|
|Other operation|1,053,368,751.00|772,724,875.00|710,271,289.00|528,918,794.00|
|Total|22,970,848,112.00|17,509,610,448.00|16,113,171,584.00|12,630,118,473.00|

 45. Business tax and surcharges
Unit: RMB Yuan
||||
|-|-|-|
|Item|Reporting period|Same period of last year|
|Consumption tax|0.00|0.00|
|Business tax|16,468,247.00|14,339,614.00|
|Urban maintenance and construction tax|56,145,938.00|13,605,585.00|
|Education surtax|40,468,922.00|10,025,166.00|
|Resources tax|0.00|0.00|
|Other|1,253,314.00|0.00|
|Total|114,336,421.00|37,970,365.00|

 Other notes: N/A
46. Sales expenses
Unit: RMB Yuan
||||
|-|-|-|
|Item|Reporting period|Same period of last year|
|Labor cost|134,349,195.00|100,744,554.00|
|Logistics transport|92,303,114.00|83,833,403.00|
|Products quality guarantee deposit|161,630,644.00|128,686,529.00|
|Other|144,405,750.00|168,399,347.00|
|Total|532,688,703.00|481,663,833.00|

 Other notes: N/A
47. Administrative expenses
Unit: RMB Yuan
||||
|-|-|-|
|Item|Reporting period|Same period of last year|
|Labor cost|586,790,222.00|565,596,273.00|
|Depreciation and amortization|165,605,068.00|130,944,235.00|
|Research and development expense|751,855,875.00|462,927,945.00|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD
||||
|-|-|-|
|Maintenance cost|324,289,194.00|256,644,271.00|
|Other|423,878,687.00|282,743,271.00|
|Total|2,252,419,046.00|1,698,855,995.00|

 Other notes: N/A
48. Financial expenses
Unit: RMB Yuan
||||
|-|-|-|
|Item|Reporting period|Same period of last year|
|Interest expenses|757,095,045.00|424,150,685.00|
|Interest income (incomes: negative)|-414,387,936.00|-384,942,552.00|
|Net amount of exchange loss (gains: negative)|-162,626,091.00|58,164,204.00|
|Other|-3,739,929.00|9,367,235.00|
|Total|176,341,089.00|106,739,572.00|

 Other notes: N/A
49. Asset impairment loss
Unit: RMB Yuan
||||
|-|-|-|
|Item|Reporting period|Same period of last year|
|I. Bad debts losses|2,088,282.00|-4,762,214.00|
|II. Inventory falling price losses|495,232,888.00|389,938,978.00|
|III. Impairment losses of available-for-sale financial assets|0.00|0.00|
|IV. Impairment losses of held-to-maturity of investment|0.00|0.00|
|V. Impairment losses of long-term equity investment|0.00|0.00|
|VI. Impairment losses of investment property|0.00|0.00|
|VII. Impairment losses of fixed assets|0.00|0.00|
|VIII. Impairment losses of engineering materials|0.00|0.00|
|IX. Impairment loss of construction in progress|0.00|0.00|
|X. Impairment losses of productive biological assets|0.00|0.00|
|XI. Impairment losses of oil and gas assets|0.00|0.00|
|XII. Impairment losses of intangible assets|0.00|0.00|
|XIII. Impairment losses of goodwill|0.00|0.00|
|XIV. Other|0.00|0.00|
|Total|497,321,170.00|385,176,764.00|

Other notes: N/A
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD 50. Gains on the changes in the fair value
Unit: RMB Yuan
||||
|-|-|-|
|Source|Reporting period|Same period of last year|
|Financial assets measured at fair value and changes recorded|||
||0.00|0.00|
|into current profits or losses|||
|Of which: income from change in fair value of derivative|||
||0.00|0.00|
|financial instruments|||
|Financial liabilities measured at fair value and changes|||
||0.00|0.00|
|recorded into current profits or losses|||
|Investment property measured at fair value|0.00|0.00|
|Total|0.00|0.00|

 Other notes: N/A
51. Investment income
Unit: RMB Yuan
||||
|-|-|-|
|Item|Reporting period|Same period of last year|
|Long-term equity investment income accounted by equity method|10,557,037.00|4,390,960.00|
|Investment income arising from disposal of long-term equity investments|0.00|0.00|
|Investment income from financial assets measured at fair value and changes|||
||0.00|0.00|
|recorded into current profits or losses during holding period|||
|Investment income from disposal of financial assets measured by fair value|||
||0.00|0.00|
|with changes in fair value recognised in profit or loss|||
|Investment income received from holding of held-to-maturity investments|||
||0.00|0.00|
|during holding period|||
|Investment income received from available for sale financial assets during|||
||54,102,113.00|2,533,429.00|
|holding period|||
|Investment income from disposal of available for sale financial assets|0.00|0.00|
|Investment income from the remaining equity recalculated by fair value after|||
||0.00|0.00|
|losing control|||
|Total|64,659,150.00|6,924,389.00|

 Other notes: N/A
52. Non-operating gains
Unit: RMB Yuan
|||||
|-|-|-|-|
|||Same period of last|Recorded in the amount of the|
|Item|Reporting period|||
|||year|non-recurring gains and losses|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD
|||||
|-|-|-|-|
|Total gains from disposal of non-current assets|1,481,675.00|1,072,418.00|1,481,675.00|
|Including：Gains from disposal of fixed assets|1,481,675.00|1,063,257.00|1,481,675.00|
|Gains from disposal of intangible assets|0.00|0.00|0.00|
|Gains from debt reconstruction|0.00|0.00|0.00|
|Gains from non-monetary assets exchange|0.00|0.00|0.00|
|Acceptance of donations|0.00|0.00|0.00|
|Government grants|406,391,203.00|513,933,311.00|406,391,203.00|
|Other|16,898,580.00|33,354,476.00|16,898,580.00|
|Total|424,771,458.00|548,360,205.00|424,771,458.00|

 Government subsidies recorded into current profits and losses
Unit: RMB Yuan
|||||
|-|-|-|-|
|Item|Reporting period|Same period of last year|Related to the assets/ income|
|Discount on loan for project|26,176,481.00|18,134,285.00|Related to the assets|
|Government grants on other|171,986,400.00|||
|||141,355,204.00|Related to the assets|
|science and research project||||
|Government grants on other||||
||208,228,322.00|354,443,822.00|Related to the income|
|science and research project||||
|Total|406,391,203.00|513,933,311.00|--|

Other notes: N/A
53. Non-operating expenses
Unit: RMB Yuan
|||||
|-|-|-|-|
||||The amount included in the|
|Item|Reporting period|Same period of last year|current non-recurring gains and|
||||losses|
|Loss on disposal of non-current assets|9,248,574.00|2,964,174.00|9,248,574.00|
|Including: Loss on disposal of fixed assets|9,248,574.00|2,964,174.00|9,248,574.00|
|Loss on disposal of intangible assets|0.00|0.00|0.00|
|Loss on debt reconstruction|0.00|0.00|0.00|
|Loss on exchange of non-monetary assets|0.00|0.00|0.00|
|External donation|5,000.00|5,000.00|5,000.00|
|Other|4,093,837.00|6,043,035.00|4,093,837.00|
|Total|13,347,411.00|9,012,209.00|13,347,411.00|

Other notes: N/A
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD 54. Income tax expense
(1) Lists of income tax expense
Unit: RMB Yuan
||||
|-|-|-|
|Item|Reporting period|Same period of last year|
|Current income tax expense|379,607,482.00|142,450,350.00|
|Deferred income tax expense|31,453,182.00|13,569,850.00|
|Total|411,060,664.00|156,020,200.00|

 55. Other comprehensive income
Refer to the notes (41), VII
56. Supplementary information to cash flow statement
(1) Other cash received relevant to operating activities
Unit: RMB Yuan
||||
|-|-|-|
|Item|Reporting period|Same period of last year|
|Government grants related to income|198,151,361.00|353,236,009.00|
|Interest income|103,723,264.00|99,159,654.00|
|Tender bond / performance bond received|18,220,402.00|52,267,837.00|
|Exchange earning from carry-forward, repurchase|1,084,048.00|769,518.00|
|Restrictive deposit in financial institutions recovered|0.00|0.00|
|Other|501,165,140.00|173,467,579.00|
|Total|822,344,215.00|678,900,597.00|

 Notes: N/A
(2) Other cash paid relevant to operating activities
Unit: RMB Yuan
||||
|-|-|-|
|Item|Reporting period|Same period of last year|
|Daily spending paid|1,124,698,063.00|706,861,919.00|
|Exchange income arising from carry-forward, repurchase|0.00|1,156,143.00|
|Bank service charges|17,745,833.00|27,527,093.00|
|Cash deposit|16,816,831.00|7,516,752.00|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD
||||
|-|-|-|
|Restrictive deposit in financial institutions increased|72,862,647.00|0.00|
|Other|304,642,430.00|39,308,958.00|
|Total|1,536,765,804.00|782,370,865.00|

 Notes: N/A
(3) Other cash received relevant to investment activity
Unit: RMB Yuan
||||
|-|-|-|
|Item|Reporting period|Same period of last year|
|Interest incomes|349,454,085.00|159,855,821.00|
|Tender shall / guarantee money for a bid|5,888,410.00|104,879,260.00|
|Government subsidies related to formation of assets|179,740,000.00|129,635,609.00|
|Restrictive deposit in financial institutions recovered|278,070,265.00|0.00|
|Other|7,793,560.00|8,329,002.00|
|Total|820,946,320.00|402,699,692.00|

 Notes: N/A
(4) Other cash paid relevant to investment activity
Unit: RMB Yuan
||||
|-|-|-|
|Item|Reporting period|Same period of last year|
|Refund on bid/performance bond / safety construction bond|2,709,050.00|15,138,000.00|
|Restrictive deposit in financial institutions increased|0.00|0.00|
|Other|14,219,464.00|1,453,152.00|
|Total|16,928,514.00|16,591,152.00|

 Notes: N/A
(5) Other cash received relevant to financing activities
Unit: RMB Yuan
||||
|-|-|-|
|Item|Reporting period|Same period of last year|
|Interest income arising from deposit of guarantee money|0.00|47,313,117.00|
|Government subsidy related to project loan discount|0.00|849,000.00|
|Other|0.00|3,866.00|
|Total|0.00|48,165,983.00|

Notes: N/A
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD (6) Other cash paid relevant to financing activities
Unit: RMB Yuan
||||
|-|-|-|
|Item|Reporting period|Same period of last year|
|Paid the bank loan principal and interest|0.00|71,708,072.00|
|Bank charges|75,393,744.00|4,356,990.00|
|Cash receive from withdrawing the action|0.00|8,228,880.00|
|Paid raise interest|0.00|110,956.00|
|Restrictive deposit in financial institutions increased|0.00|647,494,130.00|
|Issuance expenses paid and the like|0.00|236,267,369.00|
|Paid raise interest|40,991,275.00|0.00|
|Total|116,385,019.00|968,166,397.00|

 Notes: N/A
57. Supplementary information to cash flow statement
(1) Information of net profit to net cash flows generated from operating activities
Unit: RMB Yuan
||||
|-|-|-|
|Supplemental information|Reporting period|Same period of last year|
|1. Reconciliation of net profit to net cash flows generated from|||
||--|--|
|operations：|||
|Net profit|1,953,153,768.00|1,162,898,767.00|
|Add: Provision for assets impairments|497,321,170.00|385,176,764.00|
|Depreciation of fixed assets, oil-gas assets and productive biological|||
||3,590,977,357.00|2,318,091,904.00|
|assets|||
|Amortization of intangible assets|122,743,131.00|105,142,402.00|
|Amortization of long-term deferred expense|47,685,498.00|23,631,886.00|
|Losses/gains on disposal of property, intangible asset and other|||
||7,713,598.00|-4,215,514.00|
|long-term assets (gains: negative)|||
|Losses/gains on scrapped of fixed assets (gains: negative)|-731,624.00|-200,112.00|
|Losses/gains from variation of fair value (gains: negative)|0.00|0.00|
|Financial cost (income: negative)|176,341,089.00|106,739,572.00|
|Investment loss (gains: negative)|-64,659,152.00|-6,582,590.00|
|Decrease in deferred tax assets (increase: negative)|13,203,777.00|147,688.00|
|Increase in deferred tax liabilities (decrease: negative)|18,249,405.00|-806,973.00|
|Decrease in inventory (increase: negative)|-1,684,902,995.00|-648,569,543.00|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD
||||
|-|-|-|
|Decrease in accounts receivable from operating activities (increase:|||
||-2,460,643,170.00|-752,208,857.00|
|negative)|||
|Increase in accounts payable from operating activities (decrease:|||
||3,465,067,596.00|564,395,108.00|
|negative)|||
|Others|-228,127,960.00|0.00|
|Net cash flows generated from operating activities|5,453,391,488.00|3,253,640,502.00|
|2. Significant investing and financing activities without involvement of|||
||--|--|
|cash receipts and payments|||
|Debt converted into capital|0.00|0.00|
|Convertible company bonds due within 1 year|0.00|0.00|
|Financing leased fixed assets|0.00|0.00|
|3. Change of cash and cash equivalent:|--|--|
|Closing balance of Cash|32,009,442,308.00|40,969,934,073.00|
|Less: opening balance of cash|36,504,707,160.00|16,474,975,849.00|
|Plus: closing balance of cash equivalent|0.00|0.00|
|Less: opening balance of cash equivalents|0.00|0.00|
|The net increase in cash and cash equivalents|-4,495,264,852.00|24,494,958,224.00|

 (2) Net Cash paid of obtaining the subsidiary
Unit: RMB Yuan
|||
|-|-|
||Amount|
|Cash and cash equivalents paid for enterprise combination in reporting period|389,007.00|
|Of which:|--|
|Less: cash and cash equivalents the subsidiaries held on purchase date|1,131,875.00|
|Of which:|--|
|Add: cash and cash equivalents paid in reporting period for enterprise||
||0.00|
|combination in previous period||
|Of which:|--|
|Net cash from obtaining the subsidiaries|-742,868.00|

 Notes: N/A
(3) Net Cash receive of disposal of the subsidiary
Unit: RMB Yuan
|||
|-|-|
||Amount|
|Cash and cash equivalents received from disposal of subsidiaries in reporting period|0.00|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD
|||
|-|-|
|Of which:|--|
|Less: cash and cash equivalents the subsidiary held on losing control date|0.00|
|Of which:|--|
|Add: cash and cash equivalents received in reporting period for disposal of subsidiaries in previous period|0.00|
|Of which:|--|
|Net cash received from disposal of subsidiaries|0.00|

 Notes: N/A
(4) Cash and cash equivalents
Unit: RMB Yuan
||||
|-|-|-|
|Item|Closing balance|Opening balance|
|I. Cash|32,009,442,308.00|36,504,707,160.00|
|Including: Cash on hand|266,492.00|318,386.00|
|Bank deposit on demand|32,009,175,816.00|36,504,388,774.00|
|Other monetary funds on demand|0.00|0.00|
|Central Bank deposit on demand|0.00|0.00|
|Due from banks|0.00|0.00|
|Call loan to banks|0.00|0.00|
|II. Cash equivalents|0.00|0.00|
|Including: bond investments due in three months|0.00|0.00|
|III. Closing balance of cash and cash equivalents|32,009,442,308.00|36,504,707,160.00|
|Of which: cash and cash equivalents with use right restricted of subsidiaries|||
||3,255,860,442.00|3,667,694,839.00|
|in the parent company or Group|||

Notes: N/A
58. Note of statement of changes in the owner's equity
Explain―other‖ project name and adjustment amount of the adjustment of closing balance in previous year, etc.:
59. The assets with the ownership or use right restricted
Unit: RMB Yuan
||||
|-|-|-|
|Item|Closing book value|Restricted reason|
|Monetary capital|3,255,860,442.00|The pledge use for guarantee and margin deposit|
|Notes receivable|44,156,249.00|Has been endorsement for transfer and the right of recourse attached|
|inventory|0.00|Naught|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD
||||
|-|-|-|
|fixed assets|41,423,756,406.00|The pledge use for guarantee|
|Intangible assets|718,381,677.00|The pledge use for guarantee|
|Investment property|173,439,006.00|The pledge use for guarantee|
|Construction in progress|553,302,360.00|The pledge use for guarantee|
|Total|46,168,896,140.00|--|

Notes: N/A
60. Foreign currency monetary items
(1) Foreign currency monetary items
Unit: RMB Yuan
|||||
|-|-|-|-|
|Item|Closing foreign currency balance|Exchange rate|Closing convert to RMB balance|
|Monetary capital|--|--|5,154,919,127.00|
|Including: USD|805,292,403.00|6.1136|4,923,235,633.00|
|EUR|687,604.00|6.8699|4,723,773.00|
|HKD|7,498,771.00|0.7886|5,913,606.00|
|Yen|4,285,562,395.00|0.0501|214,500,969.00|
|HKD|7,498,771.00|0.7886|5,913,606.00|
|GBP|397.00|9.6422|3,831.00|
|SF|710.00|6.5979|4,685.00|
|SGD|208,682.00|4.5580|951,171.00|
|KRW|1,467,662,271.00|0.0055|8,013,436.00|
|TWD|6,110,880.00|0.1998|1,221,041.00|
|MYR|1,416.00|1.6387|2,321.00|
|Receivables|--|--|5,357,841,774.00|
|Including: USD|876,292,769.00|6.1136|5,357,303,473.00|
|EUR|586.00|6.8699|4,026.00|
|HKD|0.00|0.7886|0.00|
|SGD|117,217.00|4.5580|534,275.00|
|Long-term loan|--|--|2,321.00|
|Including: USD|4,789,939,119.00|6.1136|29,283,771,797.00|
|EUR|0.00|6.8699|0.00|
|HKD|0.00|0.7886|0.00|
|Long-term loans due within one||||
|||--|642,657,230.00|
|year||||

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD
|||||
|-|-|-|-|
|Including: USD|105,119,280.00|6.1136|642,657,230.00|
|Other receivables||--|16,796,869.00|
|Including: USD|2,063,337.00|6.1136|12,614,417.00|
|Yen|2,377,446.00|0.0501|118,996.00|
|Other foreign currency|||4,063,456.00|
|Short- term loan||--|1,700,844,677.00|
|Including: USD|278,206,732.00|6.1136|1,700,844,677.00|
|Payables||--|7,635,913,251.00|
|Including: USD|616,414,620.00|6.1136|3,768,512,421.00|
|Yen|15,703,249,561.00|0.0501|786,732,803.00|
|SGD|950.00|4.5580|4330.00|
|TWD|4,590,035.00|0.1998|917,089.00|
|EUR|12,442.00|6.8699|85,476.00|
|Other payables||--|6,494,069,469.00|
|Including: USD|264,086,326.00|6.1136|1,614,518,163.00|
|Yen|13,038,942,315.00|0.0501|653,251,010.00|
|KRW|130,101,091.00|0.0055|715,556.00|
|TWD|6,150,811.00|0.1998|1,228,932.00|
|EUR|918,839.00|6.8699|6,312,331.00|

 Notes: N/A
(2) Note to oversea entities including: for significant oversea entities, shall disclose main operating place, recording currency and selection basis, if there are changes into recording currency, shall also disclose the reason.
□ Applicable√ Inapplicable
61. Other
N/A
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD VIII. Changes of merge scope
1. Business merger not under same control
(1) Business merger not under same control in reporting period
Unit: RMB Yuan
||||||||||
|-|-|-|-|-|-|-|-|-|
||||||||Income of|Net profits of|
||Time and place of||||||||
|||Cost of gaining|Proportion of|Way to gain the||Recognition basis of|acquiree during|acquiree during the|
|Name of acquiree|gaining the stock||||Purchase date||||
|||the stock rights|stock rights|stock rights||purchase date|the purchase date|purchase date to|
||rights||||||||
||||||||to period-end|period-end|
|BOETechnologyEuropeGmbH|||||19 Feb. 2015|Completed theindustrial andcommercialregistration andshareholding rightstransfer, and thedirectors wereappointed by theCompany|2,184,542.00|1,454,399.00|
|||||Enterprise|||||
||19 Feb. 2015|389,007.00|100.00%|combination not|||||
|||||under same control|||||

Notes: N/A
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD (2) Combined cost and goodwill
Unit: RMB Yuan
|||
|-|-|
|Combined cost|BOE Technology Europe GmbH|
|--Cash|389,007.00|
|--Fair value of non-cash assets|0.00|
|-- Fair value of liabilities issued or born|0.00|
|-- Fair value of equity securities issued|0.00|
|-- Fair value of contingent consideration|0.00|
|-- Fair value of equity on purchase date held before purchase date|0.00|
|--Other|0.00|
|Total combined cost|389,007.00|
|Less: received definable net assets fair proportion|1,388,046.00|
|Amount that Goodwill / combined cost less than definable net assets fair||
||-999,039.00|
|proportion||

Notes to determination method, consideration and changes of fair value of combined cost: N/A
The main formation reason for the large goodwill: N/A
Other notes: N/A
(3) The identifiable assets and liabilities of acquiree on purchase date
Unit: RMB Yuan
||||
|-|-|-|
||BOE Technology Europe GmbH||
||Fair value on purchase date|Book value on purchase date|
|Assets:|1,443,989.00|1,443,989.00|
|Monetary capital|1,131,875.00|1,131,875.00|
|Account receivables|0.00|0.00|
|Inventor|0.00|0.00|
|Fixed assets|110,755.00|110,755.00|
|Intangible assets|0.00|0.00|
|Other current assts|201,358.00|201,358.00|
|Liabilities:|55,943.00|55,943.00|
|Borrowings|0.00|0.00|
|Account payables|12,532.00|12,532.00|
|Deferred income tax liabilities|0.00|0.00|
|Other current liabilities|8,298.00|8,298.00|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD
||||
|-|-|-|
|Other non-current liabilities|35,113.00|35,113.00|
|Net assets|1,388,046.00|1,388,046.00|
|Less: minority equity|0.00|0.00|
|Net assets received|1,388,046.00|1,388,046.00|

 The recognition method of the fair value of identifiable assets and liabilities: N/A
Contingent liability of acquiree undertaken by business merger: N/A
Other notes: N/A
(4) The profit or loss from equity held by the date before acquisition in accordance with the fair value measured again
Whether there is a transaction that through multiple transaction step by step to realize enterprises merger and gaining the control during the reporting period
□ Yes√ No
(5) Note to merger could not be determined reasonable consideration or Identifiable assets, Fair value of liabilities of the acquiree at acquisition date or closing period of the merge
N/A
(6) Other notes:
N/A
2. Other reasons for the changes in combination scope
Notes to reasons for the changes in combination scope (Newly established subsidiary and subsidiary of liquidation) and relevant information:
BOE Optical Science and Technology Co., Ltd. (BOEOST), a subsidiary of the Company, incorporated sub-subsidiary Chongqing BOE Display Lighting Co., Ltd. and the Company indirectly held a stake of90.51% in the new sub-subsidiary at the time. Later on, the Company increased its investment in BOEOST, which consequently increased theCompany’s indirect stake in the new
sub-subsidiary to91.2%.
N/A
3. Other
N/A
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD IX. Equity in other entities
1. Equity in subsidiary
(1) The structure of the enterprise group
||||||||
|-|-|-|-|-|-|-|
||Main|||Proportion of|||
|||Registration||||Way of|
|Name of the subsidiary|operating||Nature of business|shareholding|||
|||place||||gaining|
||place|||Directly|Indirectly||
|Beijing BOE Vacuum Electronics Co., Ltd. (Vacuum|Beijing,|Beijing,|Manufacture and sale of vacuum electronic products||||
|||||55.00%|0.00%|Investment|
|Electronics)|China|China|||||
|Beijing BOE Vacuum Technology Co., Ltd. (Vacuum|Beijing,|Beijing,|Manufacture and sale of electronic tubes||||
|||||100.00%|0.00%|Investment|
|Technology)|China|China|||||
|Beijing BOE Special Display Technology Co., Ltd. (Special|Beijing,|Beijing,|Development of display products and sale of electronic products||||
|||||100.00%|0.00%|Investment|
|Display)|China|China|||||
|Beijing Yinghe Century Co., Ltd. (Yinghe Century)|Beijing,|Beijing,|Development and research of real estate, motor vehicles public||||
|||||100.00%|0.00%|Investment|
||China|China|parking service; market research||||
|BOE Optical Science and Technology Co., Ltd. (BOEOST)|Suzhou,|Suzhou,|Development and manufacture of backlight and related parts and||||
|||||91.20%|0.00%|Investment|
||China|China|components for LCD||||
|BOE Hyundai LCD (Beijing) Display Technology Co., Ltd.|B e i jing,|Beijing,|Development, manufacture and sale of liquid display for mobile||||
|||||75.00%|0.00%|Investment|
|(BOE Hyundai)|China|China|termination||||
|Beijing BOE Optoelectronics Technology Co., Ltd.|Beijing,|Beijing,|Research, development, design and manufacture of TFT-LCD||||
|||||82.49%|17.51%|Investment|
|(BOEOT)|China|China|||||
|BOE (Hebei) Mobile Technology Co., Ltd. (BOE Hebei)|Langfang,|Langfang,|Manufacture and sale of mobile flat screen display technical products||||
|||||100.00%|0.00%|Investment|
||China|China|and related services||||
|Beijing BOE Display Technology Co., Ltd. (BOE Display)|Beijing,|Beijing,|Development of TFT-LCD, manufacture and sale of LCD||||
|||||100.00%|0.00%|Investment|
||China|China|||||
|Beijing BOE Multimedia Technology Co. Ltd.|Beijing,|Beijing,|Sale of computer software and hardware、the numeral regards the||||
|||||100.00%|0.00%|Investment|
||||audio frequency technology||||
|(Multimedia BOE)|China|China|||||

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD
||||||||
|-|-|-|-|-|-|-|
|Beijing BOE Energy Technology Co., Ltd. (BOE Energy)|Beijing,|Beijing,|Integration and application of photovoltaic system sale of photovoltaic||||
|||||100.00%|0.00%|Investment|
||China|China|system and ancillary facilities||||
|Beijing BOE Vision-Electronic Technology Co., Ltd.|Beijing,|Beijing,|Manufacture of LCD TV, LCD; technology development of terminal||||
|||||100.00%|0.00%|Investment|
|(BOEVT)|China|China|products and systems such as TFT-LCD display and TV||||
|Beijing Zhongpingxun Technology Co., Ltd. (Beijing|Beijing,|Beijing,|Technology promotion, property management, and sale of electronic||||
|||||100.00%|0.00%|Investment|
|Zhongpingxun)|China|China|products||||
|Beijing Zhongxiangying Technology Co., Ltd. (Beijing|Beijing,|Beijing,|Technology promotion, property management, and sale of electronic||||
|||||100.00%|0.00%|Investment|
|Zhongxiangying)|China|China|products||||
|Ordos Haosheng Energy Investment Co., Ltd. (―Haosheng|Ordos,|Ordos,|||||
||||Energy investment|20.00%|80.00%|Investment|
|Energy‖)|China|China|||||
|Ordos Yuansheng Optoelectronics Co., Ltd. (Yuansheng|Ordos,|Ordos,|||||
||||Manufacture and sales of AM-OLED products and auxiliary products|100.00%|0.00%|Investment|
|Optoelectronics)|China|China|||||
||||Processing, manufacturing and sales of precision electronic||||
|Beijing BOE Semi-conductor Co., Ltd. (BOE|Beijing,|Beijing,|components, semi-conductor devices and micro module;||||
|||||80.77%|0.00%|Investment|
|Semi-conductor )|China|China|micro-electronics devices and electronic materials; import and export||||
||||of goods||||
|||British|||||
|BOE Optoelectronics Holding Co.,Ltd (Optoelectronics|Beijing,||Design, manufacture, trade, investment and financing activities of||||
|||Virgin||100.00%|0.00%|Investment|
|Holding)|China||electronic information industry||||
|||Islands|||||
|||||||Enterprise|
|Chengdu BOE Optoelectronics Technology Co., Ltd.|Chengdu,|Chengdu,||||combination|
||||TFT-LCD; R&D, production and sales of TFT-LCD|100.00%|0.00%||
|(Chengdu Optoelectronics)|China|China||||not under|
|||||||same control|
|||||||Enterprise|
||Beijing,|Beijing,||||combination|
|Beijing Asahi Glass Electronics Co., Ltd. (Asahi Glass)|||Sales of TV bracket glass rod and CTV low-melting-point solder glass|100.00%|0.00%||
||China|China||||not under|
|||||||same control|
|Hefei BOE Optoelectronics Technology Co., Ltd. (Hefei|Hefei,|Hefei,||||Enterprise|
||||R&D, production and sales of TFT-LCD|100.00%|0.00%||
|BOE)|China|China||||combination|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD
||||||||
|-|-|-|-|-|-|-|
|||||||not under|
|||||||same control|
|||||||Enterprise|
|Beijing·Matsushita Color CRT Co., Ltd. (Matsushita Color|Beijing,|Beijing,|Colour TV set, Display tube, materials of color RPTV projection tube,|||combination|
|||||88.80%|0.00%||
|CRT)|China|China|and electronic parts; property management and parking service, etc.|||not under|
|||||||same control|
|||||||Enterprise|
||Hefei,|Hefei,||||combination|
|Hefei Xinsheng Optoelectronics Technology Co., Ltd.|||R&D, production and sales of TFT-LCD|84.59%|0.03%||
||China|China||||not under|
|||||||same control|
|||||||Enterprise|
|Chongqing BOE Optoelectronics Technology Co., Ltd.|Chongqing,|Chongqing,||||combination|
||||TFT-LCD; R&D, production and sales of TFT-LCD|96.92%|0.00%||
|(Chongqing BOE)|China|China||||not under|
|||||||same control|
|Beijing BOE SalesCo., LTD|Beijing,|Beijing,|Sale of electronic products|100.00%|0.00%|Investment|
||China|China|||||
|BOE (Korea) Co., Ltd.|Seongnam,|Seongnam,|Sale of electronic products|100.00%|0.00%|Investment|
||Gyeonggi|Gyeonggi|||||
|Beijing BOE Digital Technology Co., Ltd.(Digital|Beijing,|Beijing,|Domestic film and television, equipment manufacturing|100.00%|0.00%|Investment|
|Technology)|China|China|||||
|Beijing BOE Land Co., Ltd. (BOE Land)|Beijing,|Beijing,|Property management service, toll parking lots|70.00%|0.00%|Investment|
||China|China|||||

Notes: holding proportion in subsidiary different from voting proportion: N/A
Basis of holding half or less voting rights but still been controlled investee and holding more than half of the voting rights not been controlled investee: N/A
Significant structure entities and controlling basis in the scope of combination: N/A
Basis of determine whether the Company is the agent or the principal: N/A
Other notes: N/A
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD (2) Significant not wholly owned subsidiary
Unit: RMB Yuan
||||||
|-|-|-|-|-|
||Shareholding|The profits and losses|Declaring dividends|Balance of minority|
|Name|proportion of minority|arbitrate to the minority|distribute to minority|shareholder at closing|
||shareholder|shareholders|shareholder|period|
|N/A|||||

Holding proportion of minority shareholder in subsidiary different from voting proportion: N/A
Other notes: N/A
(3) The main financial information of significant not wholly owned subsidiary
Unit: RMB Yuan
||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|
||Closing balance||||||Opening balance||||||
|||Non-curr|||Non-curr|||Non-curr|||Non-curr||
|Name|Current||Totalassets|Current||Total|current||Total|Current||Total|
|||ent|||ent|||ent|||ent||
||assets|||liabilities||liability|assets||assets|liabilities||liability|
|||assets|||liability|||assets|||liability||
|N/A|||||||||||||

Unit: RMB Yuan
||||||||||
|-|-|-|-|-|-|-|-|-|
||Reporting period||||Same period of last year||||
||||Total||||Total||
|Name|Operationrevenue|||Operating|Operation|||Operating|
|||Net profit|comprehensi|||Net profit|comprehensi||
|||||cash flow|revenue|||cash flow|
||||ve income||||ve income||
|N/A|||||||||

Other notes: N/A
2. The transaction of the Company with itsowner’s equity share changed but still controlling the subsidiary (1) Note toowner’s equity share changed in subsidiary
N/A
(2) Thetransaction’s influence to equity of minority shareholders and attributable to the owner's equity of the parent company
Unit: RMB Yuan
||||
|-|-|-|
||Chongqing BOE|BOEOST|
|--Cash|640,000,000.00|30,000,000.00|
|--Fair value of non-cash assets|0.00|0.00|
|Total of purchase cost/disposal of consideration|640,000,000.00|30,000,000.00|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD
||||
|-|-|-|
|Less: net assets proportion of subsidiaries measured at|||
||640,520,303.00|27,683,540.00|
|obtaining/disposal of equity proportion|||
|Difference|0.00|0.00|
|Of which: Adjustment of capital reserves|520,303.00|-2,316,460.00|
|Adjustment of surplus reserves|0.00|0.00|
|Adjustment of retained profits|0.00|0.00|

 Other notes: N/A
3. Equity in joint venture arrangement or associated enterprise
(1) Insignificant joint venture arrangement or associated enterprise
Unit: RMB Yuan
||||
|-|-|-|
||Closing balance /2015|Opening balance/2014|
|Joint venture:|--|--|
|The total of following items according to the|||
||--|--|
|shareholding proportions|||
|Associated enterprise:|--|--|
|Total of investment book value|658,876,472.00|638,819,435.00|
|The total of following items according to the|||
||--|--|
|shareholding proportions|||
|--Net profits|10,557,037.00|3,569,978.00|
|-- Other comprehensive income|0.00|0.00|
|--Total of comprehensive income|10,557,037.00|3,569,978.00|

 Other notes: N/A
(2) Note to the significant restrictions of the ability of joint venture or associated enterprise transfer funds to the Company
There was no significant restriction of the ability of invested enterprise transfer funds to the Company
(3) The excess loss of joint venture or associated enterprise
Unit: RMB Yuan
|||||
|-|-|-|-|
||The cumulative recognized|The derecognized losses or the|The noncumulative|
|Name|losses in previous|share of net profit in reporting|unrecognized losses in reporting|
||accumulatively derecognized|period|period|
|N/A||||

Other notes: N/A
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD (4) The unrecognized commitment related to joint venture investment
N/A
(5) Contingent liabilities related to joint venture or associated enterprise investment
N/A
4. Significant common operation
|||||||
|-|-|-|-|-|-|
|||||Proportion /share portion||
|Name|Main operating place|Registration place|Business nature|||
|||||Directly|Indirectly|
|N/A||||||

Note to holding proportion or share portion in common operation different from voting proportion: N/A
Basis of common operation as a single entity, classify as common operation: N/A
Other notes: N/A
5. Equity of structure entity not including in the scope of consolidated financial statements
Related notes to structure entity not including in the scope of consolidated financial statements: N/A
6. Other
N/A
X. Risks related to financial instruments
Risks related to financial instruments in daily activities for the Group include:
- Credit risk
- Liquidity risk
- Interest rate risk
- Foreign exchange risk
- Other price risks
The risk exposure and causes, changes in this year, risk management objectives, policies and procedures, methods of measuring risks and 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 performance and maximize the profits for stockholders and other equity investors. On the basis of risk management objectives, basic strategies of risk management are to determine and analyze all possible risks, establish appropriate risk baseline, control and manage risks and monitor all risks timely and reliably within defined scope. The Group will regularly review the risk management policies and internal control system to adapt to the market and changes of operating activities. The Internal Audit Department will regularly review or randomly inspect whether implementation of internal control system satisfies risk management policies.
(1) Credit risk
Credit risk is the possibility of financial loss to one party of financial instruments from unfulfillment of obligations of the other party.
Credit risk of the Group mainly comes from accounts receivable. The management of this group will monitor the credit risk
exposure.
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD Except that the monetary capital (other than cash) is deposited in financing institution with good credit, the management does not believe that other important credit risks exist or losses are not expected to be made to the group due to the otherparty’s breach. For the accounts receivable, the board of directors has formulated the credit policies according to actual conditions to determine the credit sale limit and credit term by credit assessment. Credit assessment is performed according to customers’ financial situation, external ratings and transaction history. Relevant accounts receivable will expire within 15-120 days after billing date. Debtor of accounts receivable overdue will be required to pay off the outstanding balance to obtain the credit line.
In order to monitor the credit risk, this group will analyze the customer data by aging, maturity date and other factors.
Credit risk of this group is affected by the customer characteristics, but not the industry, country or region. Therefore, concentration of important credit risk is relied on the important accounts receivable of individual customers. On balance sheet date, accounts receivable of the Group and top 5 customers account for50% and69% respectively of all receivables(47% and85% in 2014). Furthermore, accounts receivable without expiry or decrease in value are most related to customers without arrears recently. The largest credit risk exposure of this group is the book amount of each financial asset on the balance sheet. Until June 30, 2015, the group did not provide any guaranty that may cause credit risk.
(2) Liquidity risk
Liquidity risk refers to that with capital shortage when the Company is fulfilling obligations of cash payment or payment by other financial assets methods. The Company and its subsidiaries are responsible for its own cash management, including short-term investment of cash surplus and loan financing to satisfy prospective cash needs (if the borrowing exceeds preauthorized upper limit, it shall be approved by the board of directors). It is thegroup’s policy to regularly monitor short-term and long-term circulating capital needs and confirm whether it satisfies loan agreement in order to keep sufficient cash reserve and negotiable securities available for realization and obtain sufficient reserve fund as promised by financing institution to satisfy the demands of short-term and long-term circulating capital.
(3) Interest rate risk
Interest bearing financial instruments of fixed interest rate and floating interest rate will impose interest rate risks of fair value and cash flow on the Group. Proportion of fixed interest rate and floating interest rate instruments is decided by marketing environment. The Group will regularly review and maintain the combination of fixed and floating interest rate instruments. The Group will not hedge interest rate risk by derivative financial instruments.
Until 30 June, 2015, under the circumstance without changes of othervariables，it is supposed that the rising/ falling interest rate rises/ falls at 100 base point will result in reduction/ increase of RMB 217,260,000 Yuan (RMB 81,680,000Yuan in 2014) for net profits andstockholders’ equity and increase/ reduction of 11,170,000 Yuan (1,260,000 Yuan in 2014) for net profits andstockholders’ equity.
Until balance sheet date, the group has not held any financial instruments that may impose fair value interest rate risk on the Group. For the floating interest rate but not derivative instruments held by the Group and imposing the Group with interest rate risk of cash flow on balance sheet date, the net profits andowners’ equity in the above sensitivity analysis will affect the annual interest expenses or income due to above variation of interest rate.
(4) Foreign exchange risk
For the monetary capital, accounts receivable and payable, short-term borrowing and other foreign currency assets and liabilities not valued by bookkeeping base currency, if short-term unbalance occurs, the Group will buy or sell the foreign currencies at market exchange rate to maintain net risk exposure at an acceptable level.
Until 30 June, under the circumstance without changes of other variables,5% fluctuation in exchange rate of RMB against U.S. dollar, Japanese yen and Hong Kong dollar will result in increase/ reduction of 1,217,030,000 Yuan and 65,670,000 Yuan forstockholders’ equity and increase/ reduction of 1,227,070,000 Yuan and 67,500,000 Yuan for gains and losses regardless of capitalization. .
Above sensitivity analysis is performed based on changes of exchange rate on balance sheet date and re-measurement of financial instruments of foreign exchange risk according to changed exchange rate held by the Group on balance sheet date. Above analysis
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD excludes differences of the foreign currency conversion. Analysis of the last year is based on similar assumption and methods. (5) Other price risks
Other price risks include equity price risk, commodity price risk, etc.
XI. The disclosure of the fair value
1. Closing fair value of assets and liabilities calculated by fair value
Unit: RMB Yuan
||||||
|-|-|-|-|-|
||Closing fair value||||
|Item|Fair value measurement|Fair value measurement|Fair value measurement||
|||||Total|
||items at level 1|items at level 2|items at level 3||
|I. Consistent fair value|||||
||--|--|--|--|
|measurement|||||
|(I) Financial assets|||||
|measured by fair value|||||
||0.00|0.00|0.00|0.00|
|and changes recorded into|||||
|current profits and losses|||||
|1. Tradable financial|||||
||0.00|0.00|0.00|0.00|
|assets|||||
|(1) Debt instrument|||||
||0.00|0.00|0.00|0.00|
|investment|||||
|(2) Equity instrument|||||
||0.00|0.00|0.00|0.00|
|investment|||||
|(3) Derivative financial|||||
||0.00|0.00|0.00|0.00|
|assets|||||
|2. Appointed financial|||||
|assets calculated by fair|||||
|value and changes record|0.00|0.00|0.00|0.00|
|into current profits or|||||
|losses|||||
|(1) Debt instrument|||||
||0.00|0.00|0.00|0.00|
|investment|||||
|(2) Equity instrument|||||
||0.00|0.00|0.00|0.00|
|investment|||||
|(II) Available for sale|||||
||326,913,168.00|0.00|4,468,870,003.00|4,795,783,171.00|
|financial assets|||||
|(1) Debt instrument|||||
||0.00|0.00|0.00|0.00|
|investment|||||
|(2) Equity instrument|326,913,168.00|0.00|0.00|326,913,168.00|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD
||||||
|-|-|-|-|-|
|investment|||||
|(3) Other|0.00|0.00|4,468,870,003.00|4,468,870,003.00|
|(III) Investment property|0.00|0.00|0.00|0.00|
|1. Rental 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|||||
|ready to transfer after|0.00|0.00|0.00|0.00|
|appreciation|||||
|(IV) Biological assets|0.00|0.00|0.00|0.00|
|1. Consumptive biological|||||
||0.00|0.00|0.00|0.00|
|assets|||||
|2. Productive biological|||||
||0.00|0.00|0.00|0.00|
|asset|||||
|Total assets consistently|||||
||326,913,168.00|0.00|4,468,870,003.00|4,795,783,171.00|
|calculated by fair value|||||
|(V) Trading financial|||||
||0.00|0.00|0.00|0.00|
|liabilities|||||
|Of which；Trading bond|||||
||0.00|0.00|0.00|0.00|
|issued|||||
|Financial derivative|||||
||0.00|0.00|0.00|0.00|
|liabilities|||||
|Other|0.00|0.00|0.00|0.00|
|(IV) Appointed financial|||||
|liabilities calculated by|||||
|fair value and changes|0.00|0.00|0.00|0.00|
|record into current profits|||||
|or losses|||||
|Total liabilities|||||
|consistently calculated by|0.00|0.00|0.00|0.00|
|fair value|||||
|II. Inconsistent fair value|||||
||--|--|--|--|
|measurement|||||
|(I) Assets held for sale|0.00|0.00|0.00|0.00|
|Total assets inconsistently|||||
||0.00|0.00|0.00|0.00|
|calculated by fair value|||||
|Total liabilities|||||
|inconsistently calculated|0.00|0.00|0.00|0.00|
|by fair value|||||

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD 2. Market price recognition basis for consistent and inconsistent fair value measurement items at level 1 The unadjusted offer in active market obtaining same assets or liabilities on calculation date
3. Valuation technique adopted and nature and amount determination of important parameters for consistent and inconsistent fair value measurement items at level 2
Observable input value of related assets or liabilities except level 1 input value
4. Valuation technique adopted and nature and amount determination of important parameters for consistent and inconsistent fair value measurement items at level 3
The unobservable input value of related assets or liabilities
5. Sensitiveness analysis on unobservable parameters and adjustment information between opening and closing book value of consistent fair value measurement items at level 3
N/A
6. Explain the reason for conversion and the policy governing when the conversion happens if conversion happens among consistent fair value measurement items at different levels
N/A
7. Changes in the valuation technique in the current period and the reason for change
N/A
8. Fair value of financial assets and liabilities not measured at fair value
N/A
9. Other
N/A
XII. Related party and related Transaction
1. Information related to parent company of the Company
|||||||
|-|-|-|-|-|-|
||||||Proportion of voting|
|||||Proportion of share||
||||||rights owned by|
|Name of parent||||held by parent||
||Registered place|Business scope|Registered capital||parent company|
|company||||company against the||
||||||against the Company|
|||||Company (%)||
||||||(%)|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD
|||||||
|-|-|-|-|-|-|
|||Operation and||||
||No.12 Jiuxian|||||
|||management of||||
|Electronics Holding|Bridge, Zhaoyang||RMB 1,307,370,000|0.81%|8.84%|
|||state-owned assets||||
||District, Beijing|||||
|||within authorization||||
||No.10 Jiuxian|Manufacture and||||
|BOID|Bridge, Zhaoyang|sale of electronic|RMB 680,982,000|2.40%|6.45%|
||District, Beijing|products||||

Notes: N/A
The finial control of the Company was Electronics Holding
Other notes: N/A
2. Subsidiaries of the Company
See details to Notes 1, IX.
3. Information on the joint ventures and associated enterprises of the Company
For the details of significant joint venture and associated enterprise of the Company, see Notes 3, IX.
Information on other joint venture and associated enterprise of occurring related party transactions with the Company in reporting period, or form balance due to related party transactions in previous period:
|||
|-|-|
|Name|Relationship|
|Beijing Nissin Electronics Precision Component Co., Ltd.|Associated enterprise with the Group and the Company|
|Beijing Nittan Electronics Co., Ltd.|Associated enterprise with the Group and the Company|
|TPV Technology (Beijing) Co., Ltd.|Associated enterprise with the Group and the Company|

Other notes: N/A
4. Information on other related parties of the Company
|||
|-|-|
|Name|Relationship|
||Corporation that holds over 5% shares of the Company during|
|Beijing State-owned Assets Management Co., Ltd.||
||past 12 months|
|Being E-TOWN International Investment & Development Co.,|Corporation that holds over 5% shares of the Company during|
|Ltd.|past 12 months|
|Beijing Economic-Technological Investment & Development||
||Corporation controlled by the same ultimate controlling company|
|Corp.||
|Beijing Sevenstar Huasheng Electronics Machinery Co., Ltd.|Corporation controlled by the same ultimate controlling company|
|Beijing Senvenstar Front Electronics Co., Ltd.|Corporation controlled by the same ultimate controlling company|
|Beijing Sevenstar Huachuang Integrated Circuit Equipment Co.,||
||Corporation controlled by the same ultimate controlling company|
|Ltd.||

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD
|||
|-|-|
|Beijing Sevenstar Hongtai Electronics Equipment Co., Ltd.|Corporation controlled by the same ultimate controlling company|
|Beijing Sevenstar Electronics Co.,Ltd.|Corporation controlled by the same ultimate controlling company|
|Beijing Sevenstar Flight Electronic Co., Ltd.|Corporation controlled by the same ultimate controlling company|
|Beijing Jile Electronics Group Co., Ltd.|Corporation controlled by the same ultimate controlling company|
|Beijing BBEF Science & Technology Co., Ltd.|Corporation controlled by the same ultimate controlling company|
|Beijing Zhengdong Electronic Power Group Co., Ltd.|Corporation controlled by the same ultimate controlling company|
|Beijing YanDong Microelectronics Co., Ltd.|Corporation controlled by the same ultimate controlling company|
|Beijing Oriental Electronic Materials Co., Ltd.|Corporation controlled by the same ultimate controlling company|
|Beijing Dongdian Industrial Development Co., Ltd.|Corporation controlled by the same ultimate controlling company|
|Beijing PCB Source Corporation|Corporation controlled by the same ultimate controlling company|
||Associated individual in the entity performed as a senior|
|Beijing Xinyihua Technology Co., Ltd.||
||management personnel in the past 12 months|
||Associated individual in the entity performed as a senior|
|Fuyang Xinyihua Materials Technology Co., Ltd.||
||management personnel in the past 12 months|
||Associated individual in the entity performed as a senior|
|Hefei Xinyihua Intelligent Machine Co., Ltd.||
||management personnel in the past 12 months|

Other notes: N/A
5. List of related-party transactions
(1) Information on acquisition of goods and reception of labor service (unit: ten thousand Yuan)
Acquisition of goods and reception of labor service
Unit: RMB Yuan
|||||||
|-|-|-|-|-|-|
|||Reporting|Trading limit|Over the trading|Same period of|
|Related-party|Content|||||
|||period|approved|limit or not?|last year|
|Beijing Electronics Holding Co., Ltd and|Purchase of|||||
|||18,695,212.00|180,000,000.00|No|118,009,222.00|
|its subsidiaries|goods|||||
|Beijing Electronics Holding Co., Ltd and|Receiving labor|||||
|||942,193.00|3,100,000.00|No|1,015,136.00|
|its subsidiaries|services|||||
|Beijing Nissin Electronics Precision|Purchase of|||||
|||339,217.00|3,000,000.00|No|1,118,865.00|
|Component Co., Ltd.|goods|||||
|Beijing Xinyihua Technology Co., Ltd.|Purchase of|||||
|||85,112,371.00|170,000,000.00|No|4,563,000.00|
|and its subsidiaries|goods|||||

Information of sales of goods and provision of labor service
Unit: RMB Yuan
|||||
|-|-|-|-|
|Related-party|Content|Reporting period|Same period of last year|
|Beijing Electronics Holding Co., Ltd and|Sale of goods|65,818.00|133,135.00|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD
|||||
|-|-|-|-|
|its subsidiaries||||
|Beijing Nittan Electronics Co., Ltd.|Sale of goods|374,741.00|366,008.00|
|TPV Technology (Beijing) Co., Ltd.|Sale of goods|137,492,894.00|230,994,417.00|
|Beijing Xinyihua Technology Co., Ltd.||||
||Sale of goods|1,335,043.00|0.00|
|and its subsidiaries||||
|Beijing Xinyihua Technology Co., Ltd.|Rendering of|||
|||913,536.00|13,800.00|
|and its subsidiaries|service|||

Notes: N/A
(2) Related trusteeship/contract
Lists of related trusteeship/contract:
Unit: RMB Yuan
||||||||
|-|-|-|-|-|-|-|
|Name of the|Name of the|||||Income|
|entruster/contract|entrustee/|Type|Initial date|Due date|Pricing basis|recognized in the|
|ee|contractor|||||reporting period|
|N/A|||||||

Notes: N/A
Lists of entrust/contractee
Unit: RMB Yuan
||||||||
|-|-|-|-|-|-|-|
|Name of the|Name of the|||||Charge|
|entruster/contract|entrustee/|Type|Initial date|Due date|Pricing basis|recognized in the|
|ee|contractor|||||reporting period|
|N/A|||||||

Notes: N/A
(3) Information of related lease
The Company was lessor:
Unit: RMB Yuan
|||||
|-|-|-|-|
||Category of|The lease income confirmed in|The lease income confirmed in|
|Name of lessee||||
||leased assets|this year|last year|
|Beijing Electronics Holding Co., Ltd and its|Investment|||
|||348,087.00|394,183.00|
|subsidiaries|property|||
||Investment|||
|Other related parties||708,622.00|708,591.00|
||property|||

The Company was lessee:
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD Unit: RMB Yuan
|||||
|-|-|-|-|
||Category of leased|The lease income||
|Lessor|||Category of leased assets|
||assets|confirmed in this year||
|Beijing Electronics Holding Co., Ltd and its||||
||Investment property|15,461.00|0.00|
|subsidiaries||||

Notes: N/A
(4) Related-party guarantee
The Company was
guarantor:
Unit: RMB Yuan
||||||
|-|-|-|-|-|
|Secured party|Guarantee amount|Start date|End date|Execution accomplished or not|
|N/A|||||

The Company was Secured party
Unit: RMB Yuan
||||||
|-|-|-|-|-|
|Guarantor:|Guarantee amount|Start date|End date|Execution accomplished or not|
|N/A|||||

Notes: N/A
(5) Inter-bank lending of capital of relatedparties：
Unit: RMB Yuan
||||||
|-|-|-|-|-|
||Amount borrowed and||||
|Related party||Initial date|Due date|Explanation|
||loaned||||
|Borrowed|||||
|N/A|||||
|Loaned|||||
|N/A|||||

(6) Related party asset transfer and debt restructuring
Unit: RMB Yuan
|||||
|-|-|-|-|
|Related party|Content|Reporting period|Same period of last year|
|N/A||||

(7) Rewards for the key management personnel
Unit: RMB Yuan
||||
|-|-|-|
|Item|Reporting period|Same period of last year|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD
||||
|-|-|-|
|Rewards for the key managementpersonnel|10,210,728.00|11,794,344.00|

(8) Other related-party transactions
N/A
6. Receivables and payables of related parties
(1) Receivables
Unit: RMB Yuan
|||||||
|-|-|-|-|-|-|
|||Closing period||Opening period||
|Item|Related party||Bad debtprovision||Bad debt|
|||Book balance||Book balance||
||||||provision|
||Beijing Electronics Holding Co.,|||||
|Account receivable||427,065.00|66,118.00|66,118.00|66,118.00|
||Ltd and its subsidiaries|||||
|Account receivable|Other related parties|40,100,385.00|55,623.00|105,562,106.00|55,623.00|
||Beijing Electronics Holding Co.,|||||
|Other account receivable||0.00|0.00|33,637.00|0.00|
||Ltd and its subsidiaries|||||
|Other account receivable|Other related parties|802,524.00|0.00|246,819.00|0.00|
||Beijing Electronics Holding Co.,|||||
|Prepayment||168,791.00|0.00|0.00|0.00|
||Ltd and its subsidiaries|||||
|Prepayment|Other related parties|28,799,341.00|0.00|0.00|0.00|

 (2) Payables
Unit: RMB Yuan
|||||
|-|-|-|-|
|Item|Related party|Closing book value|Opening book value|
||Beijing Electronics Holding Co., Ltd and|||
|Accounts payable||2,162,570.00|12,271,609.00|
||its subsidiaries|||
|Accounts payable|Other related parties|268,236.00|704,414.00|
|Other accounts|Beijing Electronics Holding Co., Ltd and|||
|||44,813,295.00|43,726,125.00|
|payable|its subsidiaries|||
|Other accounts||||
||Other related parties|20,427,214.00|15,000.00|
|payable||||
|Account receivable in|Beijing Electronics Holding Co., Ltd and|||
|||2,700.00|16,108.00|
|advance|its subsidiaries|||
|Account receivable in||||
||Other related parties|1,123.00|84,820.00|
|advance||||

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD 7. Related party commitment
N/A
8. Other
N/A
XIII. Commitments and contingency
Significant commitments at balance sheet date
(1) Capital commitments
||||
|-|-|-|
||30 Jun. 2015|31, Dec, 2014|
|External investment contracts entered into but not performed or partiallyperformed|9,810,094,467.00|12,480,876,966.00|
|External investment contracts authorized but not entered into contact|37,204,051,715.00|21,630,781,244.00|
|Total|47,014,146,182.00|34,111,658,210.00|

 (2) Operating commitments
||||
|-|-|-|
||30 Jun. 2015|31, Dec, 2014|
|Within 1 year (including 1 year)|4,370,902.00|2,476,476.00|
|1 years to 2 years (including 2 year)|2,481,296.00|1,749,144.00|
|2 years to 3 years (including 2 year)|2,351,097.00|1,847,097.00|
|Over 3 years|657,925.00|1,077,473.00|
|Total|9,861,220.00|7,150,190.00|

 2. Contingency
(1) Significant contingency at balance sheet date
N/A
(2) The Company have no significant contingency to disclose, also should be stated
There was no significant contingency in the Company.
3. Other
N/A
XIV. Events after the balance sheet date
1. Profit distribution
Unit: RMB Yuan
|||
|-|-|
|Profits or dividends intended to be distributed|351,530,677.43|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD
|||
|-|-|
|Profits or dividends declared for distribution upon review and||
||351,530,677.43|
|approval||

XV. Other significant events
1. Pension plan
Since 2014, the Group established pension plan in line with the related policies of private pension system and replies of related department; withdraw enterprise pension in line with the total amount ofemployees’ voluntary participation in pension plan. 2. Segment information
(1) Recognition basis and accounting policies of reportable segment
The Group was based on the internal organizational structure, management requirements, internal reporting system recognized the operating segments and based on the operating segments to recognize reportable segment. Operating segments were referred to constituent part in the Group satisfying the following conditions simultaneously:
- The generate revenue and expenses of the constituent part occurred in daily activities;
-The management of the Group could make regular assessment on the operating results of the constituent part, decided to deploy resources to it and evaluate its performance;
- The management of the Group could obtain the related accounting information such as financial position, operating results and cash flows etc. of the constituent part.
If there are similar economic characteristics between the two or more operating segments and are same or similar simultaneously in following aspects, which could be combined as one operating segment:
-Nature of each product or labor;
-Nature of production process;
-Client type of product or labor
-Way of selling products or rendering of service
-The production of products and rendering of service were influence by the law, administrative laws and regulations.
When preparing the reportable segment, the transaction income between segments measured by the actual price as the basis, the accounting policies adopted when preparing the reportable segment was the same with the accounting policies when preparing financial statement of the Group.
(2) The financial information of reportable segment
Unit: RMB Yuan
||||||||
|-|-|-|-|-|-|-|
|||Intelligent system|||||
||Display devices||Wisdom health||Offset between||
|Item||products and||Other||Total|
||business||services||segment||
|||services|||||
|Operation|||||||
|||3,812,170,284.00|348,512,370.00|325,890,582.00|-2,380,849,161.00||
|revenue|20,865,124,037.00|||||22,970,848,112.00|
|Main business||3,583,948,108.00|0.00|0.00|-2,047,222,000.00||

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD
||||||||
|-|-|-|-|-|-|-|
|income|20,380,753,253.00|||||21,917,479,361.00|
|Other operating|||||||
||484,370,784.00|228,222,176.00|348,512,370.00|325,890,582.00|-333,627,161.00|1,053,368,751.00|
|revenue|||||||
|Operating costs||3,520,053,099.00|218,288,374.00|5,956,099.00|-1,932,537,975.00||
||15,697,850,851.00|||||17,509,610,448.00|
|Main business|||||||
|||3,306,393,483.00|0.00|0.00|-1,880,946,232.00||
|cost|15,311,438,322.00|||||16,736,885,573.00|
|Other|||||||
||386,412,529.00|213,659,616.00|218,288,374.00|5,956,099.00|-51,591,743.00|772,724,875.00|
|operational costs|||||||

(3) There was no reportable segment, or the total amount of assets and liabilities of each part of reportable segment, shall disclose the reason.
N/A
(4) Other notes
N/A
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD XII. Notes of main items in the financial statements of the Company
1. Accounts receivable
(1) Accounts receivable classified by category
Unit: RMB Yuan
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
||Closing balance|||||Opening balance|||||
||Book balance||Provision for bad debts|||Book balance||Provision for bad debts|||
|Category|||||||||Withdrawal||
|||Proportion||Withdrawal|Book value||Proportion|||Book value|
||Amount||Amount|||Amount||Amount|Proportion||
|||(%)||Proportion (%)|||(%)||||
||||||||||(%)||
|Accounts receivable with significant single|||||||||||
||0.00|0.00%|0.00|0.00%|0.00|0.00|0.00%|0.00|0.00%|0.00|
|amount individually withdraw bad debt provision|||||||||||
|Accounts receivable withdrawal of bad debt|||||||||||
||50,249,128.00|0.67%|0.00|0.00%|50,249,128.00|29,949,896.00|47.68%|0.00|0.00%|29,949,896.00|
|provision of by credit risks characteristics:|||||||||||
|Accounts receivable with insignificant single|||||||||||
||29,605,947.00|0.40%|3,320,059.00|11.21%|26,285,888.00|32,860,660.00|52.32%|3,320,059.00|10.10%|29,540,601.00|
|amount individually withdraw bad debt provision|||||||||||
|Total|79,855,075.00|1.07%|3,320,059.00|4.16%|76,535,016.00|62,810,556.00|100.00%|3,320,059.00|5.29%|59,490,497.00|

 Accounts receivable with significant single amount individually withdraw bad debt provision at period-end
√Applicable□ Inapplicable
In the groups, accounts receivable adopting aging analysis method to withdraw bad debt provision:
√Applicable□ Inapplicable
In the groups, accounts receivable adopting balance percentage method to withdraw bad debt provision:
□ Applicable√ Inapplicable
In the groups, accounts receivable adopting other methods to withdraw bad debt provision:
Unit: RMB Yuan
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD
|||||||
|-|-|-|-|-|-|
|Name of the group|Withdraw methods for bad debt|Basis|Closing balance|Closing balance of bad debt|Withdrawal proportion|
||provision by group|||provision||
|Credit risk group|Other methods|With similar credit risks characteristics|50,249,128.00|0|0.00%|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD (2) Bad debt provision withdrawal, reversed or recovered in the report period
The amount of bad debt provision was RMB 000; the amount of reversed or recovered bad debt provision in the report period was of RMB 000.
Significant amount of reversed or recovered bad debt provision
Unit: RMB Yuan
||||
|-|-|-|
|Entity|Amount|Method|
|N/A|||

(3) Particulars of the actual verification of accounts receivable during the reporting period
Unit: RMB Yuan
|||
|-|-|
|Item|Amount|
|N/A||

Of which: significant actual verification of accounts receivable
Unit: RMB Yuan
|||||||
|-|-|-|-|-|-|
||||||Whether occurred because of related|
|Name of the entity|Nature|Amount|Reason|Procedure||
||||||party transactions|
|N/A||||||

Notes: N/A
(4) Top five of account receivable of closing balance collected by arrears party
Unit: RMB Yuan The total balance of account receivable of top five was RMB 54,763,480.00,69% of the closing balance of account receivable, the relevant closing balance of bad debt provision was RMB 787,797.
(5) Derecogniziton of account receivable due to the transfer of financial assets
N/A
(6) The amount of the assets and liabilities formed by the transfer and the continues involvement of accounts receivable
N/A
Other notes: N/A
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD 2. Other account receivable
(1) Other account receivable classified by category
Unit: RMB Yuan
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
||Closing balance|||||Opening balance|||||
||Book balance||Provision for bad debts|||Book balance||Provision for bad debts|||
|Category|||||||||||
|||Proportion||Withdrawal|Book value||Proportion||Withdrawal|Book value|
||Amount||Amount|||Amount||Amount|||
|||(%)||proportion|||(%)||proportion||
|Other accounts receivable with significant|||||||||||
|single amount individually withdraw bad|0.00|0.00%|0.00|0.00%|0.00|0.00|0.00%|0.00|0.00%|0.00|
|debt provision|||||||||||
|Other accounts receivable withdrawal of|||||||||||
|bad debt provision of by credit risks|3,257,738,011.00|100.00%|0.00|0.00%|3,257,738,011.00|1,050,896,232.00|100.00%|0.00|0.00%|1,050,896,232.00|
|characteristics:|||||||||||
|Other accounts receivable with insignificant|||||||||||
|single amount individually withdraw bad|0.00|0.00%|0.00|0.00%|0.00|0.00|0.00%|0.00|0.00%|0.00|
|debt provision|||||||||||
|Total|3,257,738,011.00|100.00%|0.00|0.00%|3,257,738,011.00|1,050,896,232.00|100.00%|0.00|0.00%|1,050,896,232.00|

 Other accounts receivable with significant single amount individually withdraw bad debt provision at period-end
√Applicable□ Inapplicable
In the groups, other accounts receivable adopting aging analysis method to withdraw bad debt provision:
√Applicable□ Inapplicable
In the groups, other accounts receivable adopting balance percentage method to withdraw bad debt provision:
□ Applicable√ Inapplicable
In the groups, other accounts receivable adopting other methods to withdraw bad debt provision:
√Applicable□ Inapplicable
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD Unit: RMB Yuan
|||||||
|-|-|-|-|-|-|
|Name of the|Withdraw methods for|Basis|Closing balance|Closing balance of|Name of the|
|group|bad debt provision by|||bad debt provision|group|
||group|||||
|Credit risk group|Other methods|With similar credit risks|3,257,738,011.00|0|0.00%|
|||characteristics||||

(2) Bad debt provision withdrawal, reversed or recovered in the report period
The amount of bad debt provision was RMB 000; the amount of reversed or recovered bad debt provision in the report period was of RMB 000.
Significant amount of reversed or recovered bad debt provision
Unit: RMB Yuan
||||
|-|-|-|
|Entity|Amount|Method|
|N/A|||

(3) Particulars of the actual verification of other accounts receivable during the reporting period
Unit: RMB Yuan
|||
|-|-|
|Item|Amount|
|N/A||

Of which: significant actual verification of other accounts receivable
Unit: RMB Yuan
|||||||
|-|-|-|-|-|-|
||||||Whether occurred because of related party|
|Name of the entity|Nature|Amount|Reason|Procedure||
||||||transactions|
|N/A||||||

Notes: N/A
(4) Other account receivable classified by account nature
Unit: RMB Yuan
||||
|-|-|-|
|Nature|Closing book value|Opening book value|
|Current account|2,932,358,901.00|691,910,521.00|
|Rent receivable|196,493,200.00|210,031,545.00|
|Technology using costs|85,516,796.00|97,945,776.00|
|Other|43,369,114.00|51,008,390.00|
|Total|3,257,738,011.00|1,050,896,232.00|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD (5) The top five other account receivable classified by debtor at period end
Unit: RMB Yuan
|||||||
|-|-|-|-|-|-|
||||||Closing balance of|
|Entity|Nature|Closing balance|Aging|Proportion%||
||||||bad debt provision|
|Subsidiary|Current account &|||||
|||1,959,367,668.00|Within 1 year, 1-2 years|60.15%|0.00|
|1|technology using costs|||||
|Subsidiary|Current account &|||||
|||696,134,480.00|Within 1 year|21.37%|0.00|
|2|technology using costs|||||
|Subsidiary|Current account &|||||
|||222,482,699.00|Within 1 year|6.83%|0.00|
|3|technology using costs|||||
|Subsidiary||||||
||Rent receivable|189,702,568.00|1-2 years|5.82%|0.00|
|4||||||
|Subsidiary|Current account &|||||
|||50,177,298.00|Within 1 year|1.54%|0.00|
|5|technology using costs|||||
|Total|--|3,117,864,713.00|--|95.71%|0.00|

 (6) Accounts receivable involved with government subsidies
Unit: RMB Yuan
||||||
|-|-|-|-|-|
||Project of government|||Estimated received time,|
|Name of units||Closing balance|Closing age||
||subsidies|||amount and basis|
|N/A|||||

(7) Other account receivable which terminate the recognition owning to the transfer of the financial assets N/A
(8) The amount of the assets and liabilities formed by the transfer and the continues involvement of other accounts receivable
N/A
Other notes:
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD 3. Long term equity investment
Unit: RMB Yuan
||||||||
|-|-|-|-|-|-|-|
||Closing balance|||Opening balance|||
|Item|||||||
||Book balance|bad debt provision|Book value|Book balance|bad debt provision|Book value|
|Investment to the subsidiary|75,001,402,083.00|72,416,550.00|74,928,985,533.00|67,571,402,083.00|72,416,550.00|67,498,985,533.00|
|Investment to joint venture & associated enterprise|98,488,650.00|0.00|98,488,650.00|78,431,612.00|0.00|78,431,612.00|
|Total|75,099,890,733.00|72,416,550.00|75,027,474,183.00|67,649,833,695.00|72,416,550.00|67,577,417,145.00|

 (1) Investment to the subsidiary
Unit: RMB Yuan
||||||||
|-|-|-|-|-|-|-|
||||||Withdrawn impairment provision in|Closing balance of|
|Entity|Opening balance|Increase|Decrease|Closing balance|||
||||||the reporting period|impairment provision|
|Beijing BOE Optoelectronics Technology Co., Ltd.|4,172,288,084.00|0.00|0.00|4,172,288,084.00|0.00|0.00|
|Chengdu BOE Optoelectronics Technology Co., Ltd.|1,833,149,991.00|1,000,000,000.00|0.00|2,833,149,991.00|0.00|0.00|
|Hefei BOE Optoelectronics Technology Co., Ltd.|||||||
||9,000,000,000.00|0.00|0.00|9,000,000,000.00|0.00|0.00|
|(―Optoelectronics Technology‖)|||||||
|Beijing BOE Display Technology Co., Ltd. (BOE|||||||
||17,418,713,599.00|0.00|0.00|17,418,713,599.00|0.00|0.00|
|Display) (― Display Technology‖)|||||||
|Beijing·Matsushita Color CRT Co., Ltd. (Matsushita|||||||
||424,823,089.00|0.00|0.00|424,823,089.00|0.00|0.00|
|Color CRT)|||||||
|Ordos Yuansheng Optoelectronics Co., Ltd. (― Yuansheng|||||||
||6,104,000,000.00|0.00|0.00|6,104,000,000.00|0.00|0.00|
|Optoelectronics‖)|||||||
|Beijing BOE Vision-Electronic Technology Co., Ltd.|||||||
||560,000,000.00|0.00|0.00|560,000,000.00|0.00|0.00|
|(BOEVT)|||||||

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD
||||||||
|-|-|-|-|-|-|-|
|BOE Optical Science and Technology Co., Ltd.|||||||
||329,961,914.00|30,000,000.00|0.00|359,961,914.00|0.00|0.00|
|(BOEOST)|||||||
|Beijing Yinghe Century Co., Ltd. (Yinghe Century)|333,037,433.00|0.00|0.00|333,037,433.00|0.00|0.00|
|Beijing BOE Land Co., Ltd. (BOE Land)|7,731,474.00|0.00|0.00|7,731,474.00|0.00|0.00|
|BOE (Hebei) Mobile Technology Co., Ltd|553,651,020.00|0.00|0.00|553,651,020.00|0.00|0.00|
|BOE Hyundai LCD (Beijing) Display Technology Co.,|||||||
||31,038,525.00|0.00|0.00|31,038,525.00|0.00|0.00|
|Ltd. (BOE Hyundai)|||||||
|Beijing BOE Special Display Technology Co., Ltd|||||||
||100,000,000.00|0.00|0.00|100,000,000.00|0.00|60,000,000.00|
|(―Special Display‖)|||||||
|Beijing BOE Vacuum Electronics Co., Ltd. (Vacuum|||||||
||19,250,000.00|0.00|0.00|19,250,000.00|0.00|0.00|
|Electronics)|||||||
|Beijing BOE Semi-conductor Co., Ltd. (BOE|||||||
||9,450,000.00|0.00|0.00|9,450,000.00|0.00|0.00|
|Semi-conductor )|||||||
|Beijing Asahi Glass Electronics Co., Ltd. (Asahi Glass)|30,888,470.00|0.00|0.00|30,888,470.00|0.00|0.00|
|Beijing BOE Vacuum Technology Co., Ltd. (―Vacuum|||||||
||32,000,000.00|0.00|0.00|32,000,000.00|0.00|0.00|
|Technology‖)|||||||
|Beijing BOE Energy Science and Technology Co., Ltd.|50,000,000.00|0.00|0.00|50,000,000.00|0.00|0.00|
|BOE (Korea) Co., Ltd.|788,450.00|0.00|0.00|788,450.00|0.00|0.00|
|Beijing BOE SalesCo., LTD|500,000.00|0.00|0.00|500,000.00|0.00|0.00|
|BOE Optoelectronics Holding Co., Ltd. (Optoelectronics|||||||
||210,894,285.00|0.00|0.00|210,894,285.00|0.00|0.00|
|Holding)|||||||
|Beijing BOE Digital Technology Co., Ltd.|12,416,550.00|0.00|0.00|12,416,550.00|0.00|12,416,550.00|
|Beijing BOE Multimedia Technology Co. Ltd.|||||||
||400,000,000.00|0.00|0.00|400,000,000.00|0.00|0.00|
|(―Multimedia Technology‖)|||||||
|Beijing Zhongxiangying Technology Co., Ltd. (Beijing|10,000,000.00|0.00|0.00|10,000,000.00|0.00|0.00|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD
||||||||
|-|-|-|-|-|-|-|
|Zhongxiangying)|||||||
|Beijing Zhongpingxun Technology Co., Ltd. (Beijing|||||||
||10,000,000.00|0.00|0.00|10,000,000.00|0.00|0.00|
|Zhongpingxun)|||||||
|Ordos Haosheng Energy Investment Co., Ltd. (―Haosheng|||||||
||2,000,000.00|0.00|0.00|2,000,000.00|0.00|0.00|
|Energy‖)|||||||
|Hefei Xinsheng Optoelectronics Technology Co., Ltd.|16,575,150,000.00|0.00|0.00|16,575,150,000.00|0.00|0.00|
|Chongqing BOE Optoelectronics Technology Co., Ltd.|||||||
||9,339,669,199.00|6,400,000,000.00|0.00|15,739,669,199.00|0.00|0.00|
|(Chongqing BOE)|||||||
|Total|67,571,402,083.00|7,430,000,000.00|0.00|75,001,402,083.00|0.00|72,416,550.00|

 (2) Investment to joint ventures and associated enterprises
Unit: RMB Yuan
||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|
|||Increase/decrease in reporting period|||||||||||
||||||Investment|||||||Closing|
|||||||Adjustment of|||||||
||Opening||||profit and loss|||Declaration of|Withdrawn||Closing|balance of|
|Name of investee||Additional|Negative|||other|Other equity||||||
||balance||||recognized|||cash dividends|impairment|Other|balance|impairment|
|||investment|investment|||comprehensive|changes||||||
||||||under the equity|||or profits|provision|||provision|
|||||||income|||||||
||||||method||||||||
|I. Joint ventures|||||||||||||
|II. Associated enterprises|||||||||||||
|Beijing Nissin|||||||||||||
|Electronics Precision|||||||||||||
||787,850.00|0.00||0.00|4,360,963.00|0.00|0.00|0.00|0.00|0.00|5,148,813.00|0.00|
|Component Co., Ltd.|||||||||||||
|(Nissin Electronics)|||||||||||||
|Beijing Nittan|||||||||||||
||26,604,013.00|0.00||0.00|2,223,450.00|0.00|0.00|0.00|0.00|0.00|28,827,463.00|0.00|
|Electronics Co., Ltd.|||||||||||||

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
|(Nittan Electronics)||||||||||||
|Beijing Yingfei Hailin||||||||||||
|Venture Capital||||||||||||
||131,573.00|0.00|0.00|875,311.00|0.00|0.00|0.00|0.00|0.00|1,006,884.00|0.00|
|Management Co., Ltd.||||||||||||
|(Yingfei Hailin)||||||||||||
|Ordos BOE Energy||||||||||||
|Investment Co., Ltd.||||||||||||
||9,483,229.00|0.00|0.00|-6,693.00|0.00|0.00|0.00|0.00|0.00|9,476,536.00|0.00|
|(BOE Energy||||||||||||
|Investment)||||||||||||
|Beijing Fly Hailin||||||||||||
||26,731,396.00|0.00|0.00|-2,006,764.00|0.00|0.00|0.00|0.00|0.00|24,724,632.00|0.00|
|Investment Center||||||||||||
|TPV display technology||||||||||||
||14,693,551.00|0.00|0.00|5,129,349.00|0.00|0.00|0.00|0.00|0.00|19,822,900.00|0.00|
|(China) Co., Ltd.||||||||||||
|Fuzhou BOE||||||||||||
|Optoelectronics|0.00|9,500,000.00|0.00|-18,578.00|0.00|0.00|0.00|0.00|0.00|9,481,422.00|0.00|
|Technology Co., Ltd.||||||||||||
|Subtotal|78,431,612.00|9,500,000.00|0.00|10,557,038.00|0.00|0.00|0.00|0.00|0.00|98,488,650.00|0.00|
|Total|78,431,612.00|9,500,000.00|0.00|10,557,038.00|0.00|0.00|0.00|0.00|0.00|98,488,650.00|0.00|

 (3) Other notes
N/A
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD 4. Revenues and operating costs
Unit: RMB Yuan
||||||
|-|-|-|-|-|
||Reporting period||Same period of last year||
|Item|||||
||Revenues|Operating costs|Revenues|Operating costs|
|Main operations|0.00|0.00|0.00|0.00|
|Other operations|395,131,526.00|65,325,004.00|394,606,138.00|56,752,883.00|
|Total|395,131,526.00|65,325,004.00|394,606,138.00|56,752,883.00|

 Other notes: N/A
5. Investment income
Unit: RMB Yuan
||||
|-|-|-|
|||Same period of|
|Item|Reporting period||
|||last year|
|Long-term equity investment income accounted by cost method|452,043,628.00|0.00|
|Long-term equity investment income accounted by equity method|10,557,037.00|4,049,161.00|
|Investment income arising from disposal of long-term equity investments|0.00|0.00|
|Investment income from financial assets measured at fair value and changes recorded into|||
||0.00|0.00|
|current profits or losses during holding period|||
|Investment income from disposal of financial assets measured at fair value and changes|||
||0.00|0.00|
|recorded into current profits or losses|||
|Investment income from held to maturity investment during reporting period|0.00|0.00|
|Investment income from available for sale financial assets during holding period|2,746,320.00|2,533,429.00|
|Investment income from disposal of available for sale financial assets|0.00|0.00|
|Income from the remaining equity recalculated by fair value, after losing control|0.00|0.00|
|Total|465,346,985.00|6,582,590.00|

 6. Other
N/A
XVIII. Supplementary information
1. Items and amounts of extraordinary gains and losses
√Applicable□ Inapplicable
Unit: RMB Yuan
||||
|-|-|-|
|Item|Amount|Explanation|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD
||||
|-|-|-|
|Gains/losses on the disposal of non-current assets (including the offset part of asset|||
||-7,766,899.00|No|
|impairment provisions)|||
|Tax rebates, reductions or exemptions due to approval beyond authority or the lack of|||
||0.00|No|
|official 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|406,391,203.00|No|
|country’s unified standards|||
|Capital occupation charges on non-financial enterprises that were recorded into current|||
||0.00|No|
|gains and losses|||
|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|0.00|No|
|the investees when making the investments|||
|Gain/loss on non-monetary asset swap|0.00|No|
|Gain/loss on entrusting others with investments or asset management|0.00|No|
|Asset impairment provisions due to acts of God such as natural disasters|0.00|No|
|Gain/loss on debt restructuring|0.00|No|
|Expenses for business reorganization, such as expenses for staffing, reorganization etc.|0.00|No|
|Gain/loss on the part over the fair value due to transactions with distinctly unfair prices|0.00|No|
|Current gains and losses of subsidies acquired from business combination under the same|||
||0.00|No|
|control as from period-begin to combination date|||
|Gain/loss on contingent events irrelevant to the Company’s normal business|0.00|No|
|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|||
||0.00|No|
|assets and tradable financial liabilities and financial assets available for sales except for|||
|effective hedging related with normal businesses of the Company|||
|Reversal of impairment provisions for the accounts receivable on which the impairment|||
||0.00|No|
|test was carried out separately|||
|Gain/loss on loans obtained by entrusting others|0.00|No|
|Gain/loss on change of the fair value of investing real estate of which the subsequent|||
||0.00|No|
|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|No|
|according to requirements of taxation, accounting and other relevant laws and regulations|||
|Custody fee income when entrusted with operation|0.00|No|
|Non-operating income and expenses other than the above|12,799,743.00|No|
|Other gain/loss items that meet the definition of an extraordinary gain/loss|0.00|No|
|Less: Income tax effects|35,414,794.00|No|
|Minority interests effects (after tax)|1,236,338.00|No|
|Total|374,772,915.00|--|

2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD 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
2. Return on equity (ROE) and earnings per share (EPS)
|||||
|-|-|-|-|
|||EPS（Yuan/share）||
|Profit as of reporting period|Weighted average ROE (%)|||
|||EPS-basic|EPS-diluted|
|Net profit attributable to common shareholders of the Company|2.53%|0.055|0.055|
|Net profit attributable to common shareholders of the Company||||
||2.04%|0.045|0.045|
|after deduction of non-recurring profit and loss||||

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 international and Chinese accounting standards
□ Applicable√ Inapplicable
(2) Differences of net profit and net assets disclosed in financial reports prepared under overseas and Chinese accounting standards
□ Applicable√ Inapplicable
(3) Explain reasons for the differences between accounting data under domestic and overseas accounting standards, for audit data adjusting differences had been foreign audited, should indicate the name of the foreign institutions
N/A
4. Other
N/A
2015 Semi-annual Report of BOE TECHNOLOGY GROUP CO., LTD Section X. Documents Available For Reference
(I) The Financial Report has been signed by the head of the Company, President and Chief Financial Officer.
(1I) In the reporting period, all originals of theCompany’s documents and public notices have been publicly disclosed on Securities Times, Ta Kung Pao and http://www.cninfo.com.cn.
All the abovementioned documents are available at the Office of the Board of Directors.
Chairman of the Board: Mr. Wang Dongsheng (signature)
Date of the Board of Directors approving to report: 21 Aug 2015