INTERIM REPORT 2019
August 2019
BOE Technology Group Co., Ltd. Interim Report 2019 Part I Important Notes, Table of Contents and Definitions The Board of Directors (or the “Board”), the Supervisory Committee as well as the directors, supervisors and senior management of BOE Technology Group Co., Ltd. (hereinafter referred to as the “Company”) hereby guarantee the factuality, accuracy and completeness of the contents of this Report and its summary, and shall be jointly and severally liable for any misrepresentations, misleading statements or material omissions therein.
Mr. Chen Yanshun, theCompany’s legal representative, Mr. Liu Xiaodong, President, Ms. Sun Yun, Chief Financial Officer, and Ms. Yang Xiaoping, head of the financial department (equivalent to financial manager) hereby guarantee that the Financial Statements carried in this Report are factual, accurate and complete.
All the directors of the Company except for the following attended in person the Board meeting for the review of this Report and its summary.
|||||
|-|-|-|-|
|||Reason for not attending the|Proxy entrusted to attend the|
|Name|Office title|||
|||meeting in person|meeting|
|Pan Jinfeng|Director|Due to work|Li Yantao|
|Wang Chenyang|Director|Due to work|Li Yantao|
|Li Xuan|Independent director|Due to work|Hu Xiaolin|

The Company has no interim dividend plan, either in the form of cash or stock.
Any plans for the future, development strategies and other forward-looking statements mentioned in this Report and its summary shall NOT be considered as absolute promises of the Company to investors. Therefore, investors are reminded to exercise caution when making investment decisions. For further information, see “X Risks Facing the Company and Countermeasures” in Part IV herein.
This Report has been prepared as per the Chinese Accounting Standards for Business Enterprises and other relevant regulations.
This Report and its summary have been prepared in both Chinese and English. Should there be any discrepancies or misunderstandings between the two versions, the Chinese versions shall prevail.
BOE Technology Group Co., Ltd. Interim Report 2019 Table of Contents
Part I Important Notes, Table of Contents and Definitions ......................................................... 2 Part II Corporate Information and Key Financial Information ................................................. 6 Part III Business Summary ........................................................................................................ 10 Part IV Operating Performance Discussion and Analysis ......................................................... 14 Part V Significant Events ............................................................................................................ 26 Part VI Share Changes and Shareholder Information .............................................................. 42 Part VII Preferred Shares ........................................................................................................... 49 Part VIII Directors, Supervisors and Senior Management ....................................................... 50 Part IX Corporate Bonds ............................................................................................................ 55 Part X Financial Statements ....................................................................................................... 56 Part XI Documents Available for Reference ............................................................................ 234
BOE Technology Group Co., Ltd. Interim Report 2019 Definitions
|||
|-|-|
|Term|Definition|
|“BOE”, the “Company”, the|BOE Technology Group Co., Ltd. and its consolidated subsidiaries, except where the context|
|“Group” or “we”|otherwise requires|
|The cninfo website|http://www.cninfo.com.cn/|
|CSRC|The China Securities Regulatory Commission|
|The Stock Listing Rules|The Stock Listing Rules of the Shenzhen Stock Exchange (Revised in November 2018)|
|SZSE, the Stock Exchange|The Shenzhen Stock Exchange|
|The Articles of Association|The Articles of Association of BOE Technology Group Co., Ltd.|
|The Company Law|The Company Law of the People’s Republic of China|
|The Securities Law|The Securities Law of the People’s Republic of China|
|OASIS Hospital|OASIS International Hospital|
|IHS Markit|Information Handling Services, Inc. & Markit Ltd.|
|AMOLED|Active-matrix Organic Light Emitting Diode|
|AMQLED|Active Matrix Quantum-dot Light Emitting Diode|
|OLED|Organic Light Emitting Diode|
|VR/AR|Virtual Reality /Augmented Reality|
|IoT|Internet of Things|
|AI|Artificial Intelligence|
|IFI|IFI CLAIMS Patent Services|
|IEC|International Electrotechnical Commission|
|LCD|Liquid Crystal Display|
|LTPS|Low Temperature Poly-silicon|
|FPXD|Flat Panel X-ray Detector|
|TDDI|Touch and Display Driver Integration|
|WQHD|Wide Quad High Definition, i.e. 2560×1440 definition|
|COF+COB|Chip On Film + Chip On Board|
|WXGA|Wide Extended Graphics Array, i.e. 1280×800 definition|
|WUXGA|Widescreen Ultra eXtended Graphics Array, i.e. 1920×1200 definition|
|OGM Tilt Active Pen|One Glass of Metal-mesh Tilt Active Pen|
|MSMX-ray|Metal-Silicon-Metal X-ray|

BOE Technology Group Co., Ltd. Interim Report 2019
|||
|-|-|
|d-PCR|Digital Polymerase Chain Reaction|
|ITU|International Telecommunication Union|
|ICT|Information and Communication Technology|
|2019 SID Best in Show|The “Best in Show” Award granted by The Society for Information Display for 2019|
|COPQ|Cost Of Poor Quality|
|APS|Active Pixel Sensor|
|MEMS|Micro-Electro-Mechanical System|
|SDK|Software Development Kit|
|BD Cell|BOE Dual Cell|

BOE Technology Group Co., Ltd. Interim Report 2019 Part II Corporate Information and Key Financial Information I Corporate Information
|||||
|-|-|-|-|
|Stock name|BOE-A, BOE-B|Stock code|000725, 200725|
|Changed stock name (if any)|N/A|||
|Stock exchange for stock listing|Shenzhen Stock Exchange|||
|Company name in Chinese|京东方科技集团股份有限公司|||
|Abbr. (if any)|京东方|||
|Company name in English (if||||
||BOE TECHNOLOGY GROUP CO., LTD.|||
|any)||||
|Abbr. (if any)|BOE|||
|Legal representative|Chen Yanshun|||

II Contact Information
||||
|-|-|-|
|Item|Board Secretary|Securities Representative|
|Name|Liu Hongfeng|Huang Rong|
||12 Xihuan Middle Road, Beijing|12 Xihuan Middle Road, Beijing|
|Address|Economic-Technological Development Area,|Economic-Technological Development Area,|
||P.R.China|P.R.China|
|Tel.|010－64318888 ext.|010－64318888 ext.|
|Fax|010－64366264|010－64366264|
|Email address|liuhongfeng@boe.com.cn|huangrong@boe.com.cn|

III Other Information
1. Contact Information of the Company
Indicate by tick mark whether any change occurred to the registered address, office address and their zip codes, website address and email address of the Company in the Reporting Period.
□ Applicable√ Not applicable
No change occurred to the said information in the Reporting Period, which can be found in the 2018 Annual Report.
BOE Technology Group Co., Ltd. Interim Report 2019 2. Media for Information Disclosure and Place where this Report is Lodged
Indicate by tick mark whether any change occurred to the information disclosure media and the place for keeping theCompany’s periodic reports in the Reporting Period.
□ Applicable√ Not applicable
The newspapers designated by the Company for information disclosure, the website designated by the CSRC for disclosing theCompany’s periodic reports and the place for keeping such reports did not change in the Reporting Period. The said information can be found in the 2018 Annual Report.
IV Key Financial Information
Indicate by tick mark whether there is any retrospectively restated datum in the table below.
√ Yes□ No
Reasons for the retrospective restatements:
Changes to the accounting policies.
||||||
|-|-|-|-|-|
|||H1 2018||Change (%)|
|Item|H1 2019||||
|||Before|Restated|Restated|
|Operating revenue (RMB)|55,039,208,687.00|43,473,904,966.00|43,473,904,966.00|26.60%|
|Net profit attributable to the listed|1,668,448,449.00||2,975,206,500.00||
|||2,975,206,500.00||-43.92%|
|company’s shareholders (RMB)|||||
|Net profit attributable to the listed|||||
|company’s shareholders before|651,490,434.00|978,868,759.00|1,503,020,477.00|-56.65%|
|exceptional gains and losses (RMB)|||||
|Net cash generated from/used in|11,594,984,349.00||11,581,507,174.00||
|||11,439,605,846.00||0.12%|
|operating activities (RMB)|||||
|Basic earnings per share (RMB/share)|0.048|0.085|0.085|-43.53%|
|Diluted earnings per share|0.048||0.085||
|||0.085||-43.53%|
|(RMB/share)|||||
|Weighted average return on equity (%)|1.92%|3.45%|3.45%|-1.53%|
|||31 December 2018||Change (%)|
|Item|30 June 2019||||
|||Before|Restated|Restated|
|Total assets (RMB)|317,061,830,609.00|304,028,491,385.00|304,028,491,385.00|4.29%|
|Equity attributable to the listed|86,523,347,828.00||85,856,748,703.00||
|||85,856,748,703.00||0.78%|
|company’s shareholders (RMB)|||||

Reasons for the changes to the accounting policies and correction of accounting errors:
BOE Technology Group Co., Ltd. Interim Report 2019 In the 2018 Annual Report, the net profit attributable to the listedcompany’s shareholders before exceptional gains and losses was restated according to the audit results. According to the interpretations of the regulatory document CK[2018] No.15, government subsidies received, whether related to assets or income, shall be presented as cash generated from operating activities” in the cash flow statements.
V Accounting Data Differences underChina’s Accounting Standards for Business Enterprises (CAS) and International Financial Reporting Standards (IFRS) and Foreign Accounting Standards
1. Net Profit and Net Asset Differences under CAS and IFRS
□ Applicable√ Not applicable
No such differences for the Reporting Period.
2. Net Profit and Net Asset Differences under CAS and Foreign Accounting Standards
□ Applicable√ Not applicable
No such differences for the Reporting Period.
XI Exceptional Gains and Losses
√ Applicable□ Not applicable
Unit: RMB
||||
|-|-|-|
|Item|Amount|Note|
|Gain or loss on disposal of non-current assets (inclusive of impairment|-672,378.00|N/A|
|allowance write-offs)|||
|Tax rebates, reductions and exemptions given with ultra vires approval or|0.00|N/A|
|in lack of official approval documents|||
|Government subsidies charged to current profit or loss (exclusive of|1,152,320,986.00|N/A|
|government subsidies given in the Company’s ordinary course of business|||
|at fixed quotas or amounts as per the government’s uniform standards)|||
|Capital occupation charges on non-financial enterprises that are charged to|0.00|N/A|
|current profit or loss|||
|Gain equal to the amount by which investment costs for the Company to|0.00|N/A|
|obtain subsidiaries, associates and joint ventures are lower than the|||
|Company’s enjoyable fair value of identifiable net assets of investees when|||
|making investments|||
|Gain or loss on non-monetary asset swaps|0.00|N/A|
|Gain or loss on assets entrusted to other entities for investment or|0.00|N/A|

BOE Technology Group Co., Ltd. Interim Report 2019
||||
|-|-|-|
|management|||
|Allowance for asset impairments due to acts of God such as natural|0.00|N/A|
|disasters|||
|Gain or loss on debt restructuring|0.00|N/A|
|Restructuring costs in staff arrangement, integration, etc.|0.00|N/A|
|Gain or loss on the over-fair value amount as a result of transactions with|0.00|N/A|
|distinctly unfair prices|||
|Current profit or loss on subsidiaries obtained in business combinations|0.00|N/A|
|involving enterprises under common control from the period-beginning to|||
|combination dates, net|||
|Gain or loss on contingencies that do not arise in the Company’s ordinary|0.00|N/A|
|course of business|||
|Gain or loss on fair-value changes in trading and derivative financial assets|79,628,679.00|N/A|
|and liabilities & income from disposal of trading and derivative financial|||
|assets and liabilities and other investments in debt obligations (exclusive of|||
|the effective portion of hedges that arise in the Company’s ordinary course|||
|of business)|||
|Reversed portions of impairment allowances for accounts receivable and|701,302.00|N/A|
|contract assets which are tested individually for impairment|||
|Gain or loss on loan entrustments|0.00|N/A|
|Gain or loss on fair-value changes in investment property of which|0.00|N/A|
|subsequent measurement is carried out using the fair value method|||
|Effects of all adjustments required by taxation, accounting and other|0.00|N/A|
|applicable laws and regulations on current profit or loss|||
|Income from charges on entrusted management|0.00|N/A|
|Non-operating income and expense other than the above|51,173,190.00|N/A|
|Other gains and losses that meet the definition of exceptional gain/loss|0.00|N/A|
|Less: Income tax effects|70,992,401.00|N/A|
|Non-controlling interests effects (net of tax)|195,201,363.00|N/A|
|Total|1,016,958,015.00|--|

Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item defined or listed in the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to thePublic—Exceptional Gain/Loss Items:
□ Applicable√ Not applicable
No such cases for the Reporting Period.
BOE Technology Group Co., Ltd. Interim Report 2019 Part III Business Summary
I Principal Activity of the Company in the Reporting Period
Is the Company subject to any industry-specific disclosure requirements?
No.
Founded in April 1993, BOE Technology Group Co., Ltd. (“BOE”) is an IoT company providing intelligent interface products and services for information interaction and human health. In 2019, BOE adhered to its strategy of transforming further towards an IoT company. Its seven business groups kept promoting transformation and growth, tapping into IoT application needs and sharpening its competitive edges in market segments. Working with the B2B Chief Sales Platform Officer, the OMO Chief Sales Platform Officer, the Branding and Global Market Center, the Information Technology Development Center, and other professional service platforms, the three major business divisions of interface devices (D), smart IoT (S) and smart medicine and engineering (H) continued to enhance marketing, technological and systematic abilities and promote fast growth.
1. Interface Devices (D)
Division D consists of the Display and Sensor BG, and the Sensor and Application Solution BG. The Display and Sensor BG designs and manufactures related devices with a B2B model. The display device business offers TFT-LCD, AMOLED, Microdisplay and other intelligent interface devices for smartphones, tablet PCs, laptops, monitors, TVs, vehicles, electronic shelf label (ESL), tiled display screens, industrial control, wearable devices, VR/AR devices, electronic tags, white goods, healthcare, mobile payment, interactive whiteboards, etc. And the sensor device business provides integrated design and manufacturing services of sensor devices for use in medical detection, household detection, communication and transportation, smart homes, etc. The Sensor and Application Solution BG provides sensor system solutions for B2B customers of medical imaging, biological detection, smart screens, liquid crystal antennas, fingerprint identification and the like, with products including flat panel X-ray detectors (FPXD), digital microfluidic chips, PDLC glass, fingerprint identification systems, etc.
2. Smart IoT (S)
Division S is divided into the Intelligent Manufacturing Service BG, the IoT Solution BG and the Digital Art IoT Platform BG. The Intelligent Manufacturing Service BG designs and manufactures, for its global B2B partners, the most competitive whole-widget smart manufacturing solutions of TVs, monitors, electronic blackboards, electronic signs, commercial display products, electronic tags, self-service and mobile terminals, among others. Supported by AI, big data and cloud computing technologies, the IoT Solution BG focuses on segment markets and offers integrated IoT solutions of smart retail, smart finance, digital hospitals, smart business offices, smart homes, smart transportation, smart education and smart energy, empowering these industries. The Digital Art IoT Platform BG with a B2C IoT platform model is committed to brightening everyday life with the beauty of art and offering the best user experience. The featured product, BOE iGallery, integrates voice interaction and other information technologies with digital art, providing users with various services including artistic appreciation, art knowledge, picture book reading, photo sharing, art mall and visual aesthetics in multiple scenarios such as an art gallery at home, aesthetic enlightenment for children and offices. It helps introduce art to everyone and unveils more beauty of art.
3. Smart Medicine and Engineering (H)
Division H includes the Mobile Healthcare IoT Platform BG and the Smart Healthcare Service BG. The Mobile Healthcare IoT Platform BG with a B2C IoT platform model, integrating smart terminals and apps, as well as based on AI and big data algorithms, enables users to enjoy personalized healthcare services without leaving home, including vital signs monitoring and analysis, AI-based disease risk prediction, health courses from experts, online diagnosis and registration for medical examination. The Smart Healthcare
Service BG covers digital hospitals, digital human body, regenerative medicine, healthcare parks, etc. It offers B2C customers
BOE Technology Group Co., Ltd. Interim Report 2019 online-and-offline integrated professional healthcare services focused on digital medical care and supplemented by smart nursing home and healthcare park integrated solutions, as well as by industrial park operations and the like.
II Significant Changes in Major Assets
1. Significant Changes in Major Assets
|||
|-|-|
|Major assets|Main reason for significant changes|
|Equity assets|N/A|
|Fixed assets|Transfer of new project into fixed assets in the Reporting Period|
|Intangible assets|N/A|
|Construction in progress|N/A|

2. Major Assets Overseas
□ Applicable√ Not applicable
III Core Competitiveness Analysis
Is the Company subject to any industry-specific disclosure requirements?
No.
1. The Company firmly promoted and implemented innovation and transformation and further improved global competitiveness
BOE firmly promoted and implemented the development strategy of IoT transformation. Three major business divisions, namely the Interface Devices, the Smart IoTand the Smart Medicine and Engineering, realized fast development, which further improved its global market competitiveness.
The Interface Devices: Construction of the new line of the Display and Sensor BG proceeded in order, and the 6th Generation Chengdu Flexible AMOLED ProductionLine’s shipping quantity in the first half of the year increased over300% when compared to that last year with the product yield achieving a new high; the 10.5th Generation BOE Hefei TFT-LCD Production Line realized mass production, and the product yield exceeded90%; the 10.5th Generation BOE Wuhan TFT-LCD production line was fully equipped with various devices; the 6th Generation Chongqing Flexible AMOLED Production Line was smoothly constructed as scheduled. As for the Sensor and Application Solution BG, the occupancy of various medical imaging products exceeded70% on various client sides; products were steadily delivered to overseas customers; customized products were successfully certified. In fact, the smart screens high-speed train project was reviewed and approved; the double-curved LCD smart dimming window was launched to the world andit’s able to realize Level-7 dynamic light dimming; the fingerprint identification capacitance-type product was smoothly developed and samples were sent to the client; in terms of Flow Cell Gene Detection Products, the mass production and delivery work were realized.
The Smart IoT: As for the smart factory 1 upgrade project of the Intelligent Manufacturing Service BG, various devices were moved
in, and they would be put into service as scheduled; smart factory 2 large-size flexible automation equipment was manufactured as
scheduled. In the Digital Art IoT Platform BG, iGallery M2 appeared on the market; theR&D of new iGallery S3 and R1 was carried
out smoothly as planned with the transactions increasing over100% when compared to that last year. Meanwhile, in the IoT Solution
BOE Technology Group Co., Ltd. Interim Report 2019 BG, smart finance obtained more than 1000 branch transformation orders; in the first half of the year, over 330 branches were successfully transformed in total, and the bank client behavior trace analysis system was also independently developed; smart political education independently developed and completed the 75” 8K broadcasting system, and for digital exhibitions, the benchmarkingproject—The Palace Museum Hall of Moral Cultivation Digital Exhibition was successfully implemented. The Smart Medicine and Engineering: the Mobile Healthcare IoT Platform BG successfully launched 15 peripheral productsincluding smart watch, body fat calculator and blood pressure meter etc.. In the first half of the year, the APP registered users realized a month-on-month increase of over220%. In the Smart Healthcare Service BG, the Oasis Internationalhospital’s outpatient visits realized a year-on-year increase of33%, and the outpatient service satisfaction was further improved; Hefei Hospital was completely open for service, and the accumulated outpatient visits exceeded 30,000. And the medical insurance coverage expand to Hefei city as well as its four subordinated counties and one district achived in Hefei Hospital.
2. The Company stuck to client orientation and further increased its market shares.
According to IHS Markit data, the shipment of BOE display screens was ranking the 1st in the world with the shipping area realizing a year-on-year increase of23%. Special effort was made to continuously enhance the market share of five major mainstream products, and various products such as MBL LCD smart phone, TPC, NB, MNT and TV continued their leading role all over the globe. The shipping of innovative applications realized a year-on-year growth of21%, and the shipping area increased49% on a year-on-year basis. In particular, the market share of ESL and wearable products ranked the 1stin the world and the splicing products the 2nd. The sales and internal shipping occupancy of various high value-added products like featuring HD, touch control, narrow frame and large size and the internal shipping occupancy largely increased. For OLED products, various first-class brand clients at home and abroad were introduced gradually and the flexible OLED smartphone’s market share ranked 2nd in the world.
Besides, a new breakthrough was made in the Smart Manufacturing Service Finished Product Market. Finished TV sales in Europe realized a 4-times year-on-year increase, and various large-screen project clients were developed; the market share of finished HD MNT, e-sports products and hi-end machines was continuously improved; the mass production of commercial display55’’ splicing machines and POS machines was steadily carried out.
3. The Company reinforced independent innovation and further promoted innovation ability.
The Company has made great achievement in various products and the technological development. For example,6.4’’ blind holeproject’s mass production was successfully introduced and11’’ TDDI product development was completed;23.8’’ peep-proof products were successfully launched; the first BD Cell product in the world realized the super high contrast and won 2019 SID Best in Show Award; in early July, the Company cooperated with its clients to launch the first folding-screen TV; the samples of the silica-based Micro-OLED product with world highest PPI 0.39” were sent to the clients; for the printing OLED 55” 8K Technology Development Project, various full-color prototypes were lightened; the car-mounted A-column see-throughdisplays’ overall solutions were completed; for the complete appliance development, 21.5”-32” full series of e-sports products were covered and the mass production was initiated; besides,32’’ and43’’ low-cost non-frame series of products were also developed; the capacitance touch-control full-lamination products were successfully developed; the development of conference table cards and medical labels was completed and the mass production was conducted. APS MSM 4” X-ray detection and imaging prototypes were well manufactured; for the quick-response LCD antenna project,4*4 unit antenna design and manufacturing were completed; in respect of the glass-based MEMS project, samples of the capacitance ultrasonic transducer were packed and sealed and tested, and various component indicators were met; the waveguide display brightness improved60%; the glass-based digital PCR micro-fluidic chip was applied to successfully recognize theglioma’s clinic specimen.
The Company also made certain progress in the field of AI and the big data technology application, and independently developed the smart network marketing& advertising management system, the super HD distance diagnosis system, the cloud screen information sending system, the smart home whole house control system and other software systems; the technological development of table cards, smart panels, car-mounted double-sided screen and the distance diagnosis ALL-IN-ONE machine was completed; the similar picture search, the picture processing SDK, the knowledge mapping and other technologies were properly applied to initiate the
production.
BOE Technology Group Co., Ltd. Interim Report 2019 The patent layout was continuously optimized. In the first half of the year, there were 4872 new patent applications, of which, overseas patents exceeded35%, and flexible OLED, sensor, AI, big data and other significant patents exceeded 2500. Meanwhile, 2953 new patent licenses were added, of which, American patent licenses exceeded 1200. In respect of the technical standard, 25 external technical standards were formulated and revised in the first half of the year. In particular, the “see-through display” IEC International Standard was officially issued.
4. The Company further improved operational efficiency via strengthening lean management.
Continuous improvement was made in the productionline’s technological level and process capabilities. The 10.5th Generation Hefei TFT-LCD Production Line was put into service in full capacity; the 8.5th Generation Chongqing TFT-LCD Production Line MBL comprehensive shipping rate exceeded94%; the 8.5th Generation Fuzhou TFT-LCD ProductionLine’s monthly productivity could reach 165Ksh, setting a new high, and the yield rate was stabilized at above97%; the 6th Generation Hefei TFT-LCD ProductionLine’s product structure was continuously optimized with the high value-added products occupying over90%. Through advocating the energy saving and emission reduction and strictly controlling the consumption of spare parts, the overall fixed out-of-pocket cost declined about6% on a year-on-year basis. The business quality management level of the display service would improve continuously. Meanwhile, the smart manufacturing service finishedmachine’s COPQ declined to0.93%, and the material abnormal hours decreased over35% on a year-on-year basis.
BOE Technology Group Co., Ltd. Interim Report 2019 Part IV Operating Performance Discussion and Analysis
I Overview
The first half of 2019 saw complicated and changeable global political and economic conditions. Global economic growth slowed down under mounting downward pressure. In terms of the semi-conductor display industry, the massive and quick release of production capacity of advanced-generation products, weak market demand and severe oversupply led to decreasing panel prices and a considerable drop in profitability. Under the double pressures of the China-U.S. trade friction and an industry though, the Company was faced with extremely severe challenges in its operations. On the other hand, in view of good market opportunities for innovative display application, sensors, smart IoT and smart medicine and engineering, the Company carried on with its IoT transformation strategy. From an overall perspective, the Company achieved stable growth in operating revenue against market pressure and a shrinking market size in the first half of 2019. For this period, the Company recorded operating revenue of approximately RMB55 billion, up by around27% year-on-year.
1. TheCompany’s Market Position was Steadily Improved.
The shipment of complete display panels was ranking the first place in the world, and the shipping area was accordingly increasing on a year-on-year basis; five major products of smart phone LCD, table PCs display screen, laptop display screen, displayer display screen and TV display screen continued to make their shipping quantity rank the first place in the world. Meanwhile, the shipping quantity and shipping area of innovation application products increased largely. Nevertheless, the market share of ESL and wearable products ranked first in the world and the splicing products the second. The sales of various high value-added products featuring HD, touch control, narrow frame andBorderless/65"+ and the internal shipping occupancy largely increased.
The first AMOLED (flexible) production in the Mainland of China - Chengdu 6th generation of AMOLED (flexible) production line realized steady improvement of yield and supply for first-tire brand manufacturers, and the shipping quantity in the first half of the year exceeded ten million pieces; the Mianyang 6th AMOLED (flexible) production line was applied for the mass production; the flexible OLED smartphone’s market occupancy was largely improved; the first TFT-LCD Production Line of the highest generation in the world-- the 10.5th Generation BOE Hefei TFT-LCD Production Line realized the production in a full capacity.
As for the smart factory 1 upgrade project of the Intelligent Manufacturing Service BG, various devices were moved in, and they would be put into service as scheduled; Smart factory 2 large-size flexible automation equipment was manufactured as scheduled. New breakthrough was made in developing the smart manufacturing service complete machine market. The finished TV sales achieved on the domestic market realized a year-on-year increase of60%, and32’’ and43’’ low-cost non-frame series of products were developed; the mass production of non-frame full-display series of products was fully initiated; finished MNT products were successfully developed and the full series of 21.5"-32"Gaming products were put into mass production. As a result, the shipping quantity geared to the finished display strategy clients increased on a year-on-year basis.
The operating revenue and the outpatient visits achieved by OASIS International Hospital increased accordingly, and the medical satisfaction was further improved. In March, Hefei Hospital was completely open for service, and the outpatient visits exceeded 30,000 with its medical insurance coverage spreading to Hefei City and four subordinated counties and one district. The Mobile Healthcare IoT Platform BG put 15 peripheral products on the market for sale including smart watch, body fat calculator and blood pressure meter etc.. In the first half of the year, the APP registered users realized a month-on-month increase of over220%. 2. The Innovation and Transformation Business was orderly carried out.
The occupancy of various medical imaging products exceeded70% on various client sides; products were steadily delivered to overseas customers; customized products were successfully certified. In terms of Flow Cell Gene Detection Products, the mass production and delivery work were realized. The double-curved LCD smart dimming window was launched to the world andit’s put
BOE Technology Group Co., Ltd. Interim Report 2019 into service of Beijing-Xiong'an High-speed Train; samples of the fingerprint identification capacitance-type product were sent to 7 door lock clients. Meanwhile, the smart finance obtained more than 1000 branch transformation orders; in the first half of the year, over 330 branches were successfully transformed in total; in addition, the smart political education business independently developed the 75” 8K broadcasting system, and for digital exhibitions, the benchmarkingproject—The Palace Museum Hall of Moral Cultivation Digital Exhibition was successfully implemented.
In April, the new iGallery M2 was launched on the market, and theR&D of the new iGallery S3 and newchildren’s picture book reader R1 proceeded as scheduled; theproduct’s transactions increased over100% on a year-on-year basis; the APP newly-added registered users saw a year-on-year increase of27%. In the first half of the year, the operating revenue of smart retails achieved a year-on-year increase of about50%; the service-oriented transformation made great progress, and the mode of“retails=service” was implemented among particular clients.
The Mobile Healthcare IoT Platform BG put 15 peripheral products on the market for sale including smart watch, body fat calculator and blood pressure meter etc.. In the first half of the year, the APP registered users and the monthly active users increased significantly.
In term of OMO, the operating revenue and the sales volume all achieved corresponding increase; in the first half of the year, 51 urban partners were developed in total.
3. The Technological Innovative Ability was continuously improved.
The number of patent applications remained its rapid growth trend. In the first half of the year, there were 4872 new patent applications, of which, patent for invention occupied over90% and overseas patents exceeded35%. Meanwhile, flexible OLED, sensor, AI, big data and other significant patents exceeded 2500. 2953 new patent licenses were added, of which, American patent licenses exceeded 1200. Accordingly, certain progress was also made in theR&D of various transformation technologies related to the sensors, AI and the big data and the medicine-industry integration. In respect of the technical standard, 25 external technical standards were formulated and revised in the first half of the year. In particular, the “see-through display” IEC International Standard was officially issued.
II Analysis of Core Businesses
See “I Overview” above.
Year-on-year changes in key financial data:
Unit: RMB
||||||
|-|-|-|-|-|
|||||Main reason for|
|Item|H1 2019|H1 2018|Change (%)||
|||||change|
|Operating revenue|55,039,208,687.00|43,473,904,966.00|26.60%|--|
||45,812,333,231.00|35,144,582,131.00||Increased along with|
|Cost of sales|||30.35%||
|||||the sales|
|Selling expense|1,365,287,286.00|1,294,782,594.00|5.45%|--|
|Administrative expense|2,197,183,494.00|2,143,708,550.00|2.49%|--|
|Finance costs|1,166,753,372.00|1,201,173,655.00|-2.87%|--|
|Income tax expense|673,775,041.00|659,568,560.00|2.15%|--|
|R&D expense|3,893,611,519.00|3,645,381,340.00|6.81%|--|
|Net cash generated from/used in|11,594,984,349.00|11,581,507,174.00|0.12%|--|

BOE Technology Group Co., Ltd. Interim Report 2019
||||||
|-|-|-|-|-|
|operating activities|||||
|Net cash generated from/used in|-21,610,149,309.00|-23,949,538,497.00|||
||||N/A|--|
|investing activities|||||
|Net cash generated from/used in|6,881,107,844.00|8,148,650,744.00|||
||||-15.56%|--|
|financing activities|||||
|Net increase in cash and cash|-3,107,362,959.00|-4,823,287,992.00|||
||||N/A|--|
|equivalents|||||

Material changes to the profit structure or sources of the Company in the Reporting Period:
□ Applicable√ Not applicable
No such changes in the Reporting Period.
Breakdown of core businesses:
Unit: RMB
||||||||
|-|-|-|-|-|-|-|
|||||YoY change in||YoY change in|
||||Gross profit||YoY change in||
|Item|Operating revenue|Cost of sales||operating||gross profit|
||||margin||cost of sales (%)||
|||||revenue (%)||margin (%)|
|By operating division|||||||
|Interface|||||||
||50,896,645,297.00|42,975,736,712.00|15.56%|29.94%|33.67%|-2.36%|
|Devices|||||||
|Smart IoT|7,521,943,172.00|6,831,554,480.00|9.18%|2.38%|1.39%|0.89%|
|Smart Medicine|||||||
||663,753,643.00|322,726,810.00|51.38%|26.09%|31.71%|-2.07%|
|and Engineering|||||||
|Others|3,567,353,945.00|4,206,107.00|99.88%|40.63%|-17.31%|0.08%|
|Offset|-7,610,487,370.00|-4,321,890,878.00|43.21%|24.65%|8.18%|8.64%|
|By product category|||||||
|Interface|||||||
||50,896,645,297.00|42,975,736,712.00|15.56%|29.94%|33.67%|-2.36%|
|Devices|||||||
|Smart IoT|7,521,943,172.00|6,831,554,480.00|9.18%|2.38%|1.39%|0.89%|
|Smart Medicine|||||||
||663,753,643.00|322,726,810.00|51.38%|26.09%|31.71%|-2.07%|
|and Engineering|||||||
|Others|3,567,353,945.00|4,206,107.00|99.88%|40.63%|-17.31%|0.08%|
|Offset|-7,610,487,370.00|-4,321,890,878.00|43.21%|24.65%|8.18%|8.64%|
|By operating segment|||||||
|Mainland China|27,097,587,363.00|22,451,197,150.00|17.15%|34.79%|38.67%|-2.31%|
|Other regions in|||||||
||22,704,809,090.00|18,663,083,700.00|17.80%|16.22%|19.40%|-2.19%|
|Asia|||||||
|Europe|2,405,571,859.00|2,211,081,530.00|8.08%|57.19%|65.41%|-4.57%|
|Americas|2,722,205,077.00|2,397,217,579.00|11.94%|21.76%|24.03%|-1.61%|

BOE Technology Group Co., Ltd. Interim Report 2019
||||||||
|-|-|-|-|-|-|-|
|Other regions|109,035,298.00|89,753,272.00|17.68%|61.50%|69.60%|-3.93%|

 III Analysis of Non-Core Businesses
√ Applicable□ Not applicable
Unit: RMB
||||||
|-|-|-|-|-|
|||As % of profit||Recurrent|
|Item|Amount||Source/Reason||
|||before taxation||or not|
|Return on investment|13,565,371.00|0.75%|N/A|Not|
|Gain/loss on changes in|||Changes in the fair value of wealth||
||55,666,155.00|3.09%||Not|
|fair value|||management investments held||
||||Amount provided for inventory falling price||
|Asset impairments|-598,106,867.00|-33.19%||Not|
||||impairment according to market conditions||
||||Governmental subsidies received in the||
|Non-operating income|96,343,532.00|5.35%||Not|
||||Reporting Period||
|Non-operating expense|11,848,340.00|0.66%|N/A|Not|
||||Governmental subsidies received in the||
|Other income|1,117,952,927.00|62.04%||Not|
||||Reporting Period||

IV Analysis of Assets and Liabilities
1. Material Changes in Asset Composition
Unit: RMB
||||||||
|-|-|-|-|-|-|-|
||30 June 2019||30 June 2018||Change in||
|||||||Reason for material|
|Item||As % of||As % of|percentage||
||Amount||Amount|||change|
|||total assets||total assets|(%)||
|Monetary capital|47,191,670,697.00|14.88%|50,581,910,423.00|18.31%|-3.43%|N/A|
|Accounts receivable|19,267,673,050.00|6.08%|17,356,033,029.00|6.28%|-0.20%|N/A|
|Inventories|14,352,489,459.00|4.53%|10,933,542,222.00|3.96%|0.57%|N/A|
|Investment property|1,261,474,153.00|0.40%|1,278,070,770.00|0.46%|-0.06%|N/A|
|Long-term equity|2,625,460,926.00||||||
|||0.83%|3,443,815,633.00|1.25%|-0.42%|N/A|
|investments|||||||
||128,481,365,480.00|||||Transfer of new project|
|Fixed assets||40.52%|84,979,890,697.00|30.76%|9.76%|into fixed assets during|
|||||||the Reporting Period|
|Construction in progress|71,479,480,514.00|22.54%|73,903,155,311.00|26.75%|-4.21%|N/A|
|Short-term borrowings|7,719,908,693.00|2.43%|2,213,431,454.00|0.80%|1.63%|N/A|

BOE Technology Group Co., Ltd. Interim Report 2019
||||||||
|-|-|-|-|-|-|-|
||107,924,953,091.00|||||New loan for new|
|Long-term borrowings||34.04%|83,261,644,214.00|30.14%|3.90%|project in the Reporting|
|||||||Period|
|||||||A decline in wealth|
|||||||management product|
|||||||investments due to|
|||||||maturity and the|
|||||||reclassification due to|
|Other current assets|8,311,011,893.00|2.62%|18,930,028,377.00|6.85%|-4.23%||
|||||||the adoption of the new|
|||||||accounting standards|
|||||||governing financial|
|||||||instruments in the|
|||||||Reporting Period|
|||||||Increase in payables for|
|||||||engineering and|
|Other payables|26,202,215,431.00|8.26%|16,759,925,924.00|6.07%|2.19%||
|||||||equipment in the|
|||||||Reporting Period|

BOE Technology Group Co., Ltd. Interim Report 2019 2. Assets and Liabilities at Fair Value
√ Applicable□ Not applicable
Unit: RMB
|||||||||
|-|-|-|-|-|-|-|-|
|||Gain/loss on fair-value|Cumulative fair-value|Impairment||||
||||||Purchased in the|Sold in the||
|Item|Beginning amount|changes in the Reporting|changes charged to|allowance for the|||Ending amount|
||||||Reporting Period|Reporting Period||
|||Period|equity|Reporting Period||||
|Financial assets||||||||
|1. Financial assets at fair||||||||
|value through profit or loss|5,534,413,566.00|55,666,155.00|55,666,155.00|0.00|7,995,988,956.00|9,653,077,735.00|3,932,990,942.00|
|(exclusive of derivatives)||||||||
|2. Derivative financial assets|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|3. Other investments in debt||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|obligations||||||||
|4. Other investments in equity||||||||
||721,155,927.00|-21,315,625.00|-337,260,678.00|0.00|4,230,269.00|0.00|704,070,571.00|
|instruments||||||||
|Subtotal of financial assets|6,255,569,493.00|34,350,530.00|-281,594,523.00|0.00|8,000,219,225.00|9,653,077,735.00|4,637,061,513.00|
|Investment property|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|Productive living assets|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|Others|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|Total of the above|6,255,569,493.00|34,350,530.00|-281,594,523.00|0.00|8,000,219,225.00|9,653,077,735.00|4,637,061,513.00|
|Financial liabilities|71,000,000.00|0.00|0.00|0.00|0.00|0.00|71,000,000.00|

 Material changes in the measurement attributes of the major assets in the Reporting Period:
□ Yes√ No
BOE Technology Group Co., Ltd. Interim Report 2019 3. Restricted Asset Rights as at the Period-End
||||
|-|-|-|
|Item|Ending carrying value|Restriction reason|
|Monetary capital|6,948,337,136.00|As pledge for guarantee and as security deposits|
||49,271,680.00|Discounted and transferred with right of recourse, endorsed and|
|Notes receivable|||
|||transferred with right of recourse, as pledge for opening notes payable|
|Inventories|0.00|Naught|
|Fixed assets|97,485,999,524.00|As mortgage for guarantee|
|Intangible assets|1,297,670,069.00|As mortgage for guarantee|
|Investment property|43,707,923.00|As mortgage for guarantee|
|Construction in progress|43,789,518,170.00|As mortgage for guarantee|
|Total|149,614,504,502.00|--|

V Investments Made
1. Total Investments Made
√ Applicable□ Not applicable
||||
|-|-|-|
|Investments made in this Reporting Period|Investments made in the same period of||
|||Change（%）|
|(RMB)|last year (RMB)||
|121,230,269.00|914,421,769.00|-86.74%|

 2. Significant Equity Investments Made in the Reporting Period
□ Applicable√ Not applicable
3. Significant Non-Equity Investments Ongoing in the Reporting Period
□ Applicable√ Not applicable
BOE Technology Group Co., Ltd. Interim Report 2019 4. Financial Investments
(1) Securities Investments
√ Applicable□ Not applicable
|||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
|||||Accountin||Gain/Loss on|||||||Source|
||||||||Accumulated|Purchase|Sold in|||||
|||||g||fair value||||Gain/loss in|||of|
|Variety of|Code of|Name of|Initial||Beginning||fair value|d in|Report||Ending carrying|Accounting||
|||||measurem||changes in||||Reporting|||investm|
|security|security|security|investment cost||carrying value||changes charged|Reportin|ing||value|title||
|||||ent||Reporting||||Period|||ent|
||||||||to equity|g Period|P eriod|||||
|||||method||Period|||||||funds|
|||||||||||||Other||
|Domestic/|||||||||||||Self-ow|
|||TPV||Fair value||||||||investment||
|Foreign|HK00903||134,658,158.00||25,613,279.00|-13,747,290.00|-122,792,169.00|0.00|0.00|470,591.00|11,865,989.00||ned|
|||Technology||method||||||||in equity||
|stock|||||||||||||funds|
|||||||||||||instruments||
|||||||||||||Other||
|Domestic/|||||||||||||Self-ow|
|||Electronic||Fair value||||||||investment||
|Foreign|SH600658||90,160,428.00||83,995,943.00|24,960,718.00|18,796,234.00|0.00|0.00|1,883,379.00|108,956,662.00||ned|
|||Zone||method||||||||in equity||
|stock|||||||||||||funds|
|||||||||||||instruments||
|||||||||||||Other||
|Domestic/|||||||||||||Self-ow|
|||Bank of||Fair value||||||||investment||
|Foreign|HK01963||120,084,375.00||98,705,065.00|3,275,047.00|-33,197,286.00|0.00|0.00|3,820,841.00|102,206,616.00||ned|
|||Chongqing||method||||||||in equity||
|stock|||||||||||||funds|
|||||||||||||instruments||
|||||||||||||Other||
|Domestic/|||||||||||||Self-ow|
|||China||Fair value||||||||investment||
|Foreign|HK06066||70,041,364.00||44,412,577.00|13,690,782.00|-11,192,865.00|0.00|0.00|0.00|58,219,470.00||ned|
|||Securities||method||||||||in equity||
|stock|||||||||||||funds|
|||||||||||||instruments||
|Domestic/||New century||Fair value||||||||Other|Self-ow|
||HK01518||140,848,850.00||125,909,253.00|-50,673,011.00|-65,790,317.00|0.00|0.00|0.00|75,472,547.00|||
|Foreign||medical||method||||||||investment|ned|

BOE Technology Group Co., Ltd. Interim Report 2019
||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|
|stock|treatment||||||||||in equity|funds|
||||||||||||instruments||
|Other securities investments held at|||||||||||||
|||0.00|--|0.00|0.00|0.00|0.00|0.00|0.00|0.00|--|--|
|the period-end|||||||||||||
|Total||555,793,175.00|--|378,636,117.00|-22,493,754.00|-214,176,403.00|0.00|0.00|6,174,811.00|356,721,284.00|--|--|
|Disclosure date of the|||||||||||||
|announcement about the board’s||N/A|||||||||||
|consent for the securities investment|||||||||||||
|Disclosure date of the|||||||||||||
|announcement about the general|||||||||||||
|||N/A|||||||||||
|meeting’s consent for the securities|||||||||||||
|investment (if any)|||||||||||||

(2) Investments in Derivative Financial Instruments
□ Applicable√ Not applicable
No such cases in the Reporting Period.
VI Sale of Major Assets and Equity Interests
1. Sale of Major Assets
□ Applicable√ Not applicable
No such cases in the Reporting Period.
2. Sale of Major Equity Interests
□ Applicable√ Not applicable
BOE Technology Group Co., Ltd. Interim Report 2019 VII Main Controlled and Joint Stock Companies
√ Applicable□ Not applicable
Main subsidiaries and joint stock companies with an over10% influence on theCompany’s net profit
Unit: RMB
||||||||||
|-|-|-|-|-|-|-|-|-|
||Relationship||||||||
|||||||Operating|Operating||
|Name|with the|Principal activity|Registered capital|Total assets|Net assets|||Net profit|
|||||||revenue|profit||
||Company||||||||
|Chengdu BOE||R&D, design, production, and sales of|||||||
|Optoelectronics|Subsidiary|the new type display devices and the|22,000,000,000.00|45,720,209,434.00|20,681,538,015.00|5,270,294,757.00|227,565,105.00|209,509,425.00|
|Technology Co., Ltd.||components|||||||
|||Investment, construction, R&D,|||||||
|Hefei BOE|||||||||
|||production and sales of the relevant|||||||
|Optoelectronics|Subsidiary||9,000,000,000.00|15,607,954,140.00|12,271,460,212.00|5,132,365,082.00|702,834,118.00|605,811,749.00|
|||products of thin film transistor LCD and|||||||
|Technology Co., Ltd.|||||||||
|||its auxiliary products|||||||
|||R&D, production and sales of|||||||
|Chongqing BOE||semi-conductor display device,|||||||
|Optoelectronics|Subsidiary|complete machine and its auxiliary|19,226,000,000.00|38,503,103,453.00|25,875,930,943.00|9,999,179,181.00|610,979,592.00|528,135,258.00|
|Technology Co., Ltd.||products; import and export of goods|||||||
|||and technical consultancy|||||||

Subsidiaries obtained or disposed in the Reporting Period:
□ Applicable√ Not applicable
BOE Technology Group Co., Ltd. Interim Report 2019 Information about major majority- and minority-owned subsidiaries:
None
VIII Structured Bodies Controlled by the Company
□ Applicable√ Not applicable
IX Risks Facing the Company and Countermeasures
1. Risk of Macroeconomic Fluctuation
The first half of 2019 saw a stable global economy but with complexities. On the part of the political situation, the Company was confronted again with the threat of the trade protection and the unilateralism and the intensified risks on the trade and investment side. As the industrial pattern and the financial stability were impacted, theworld’s economic risks and uncertainty increased significantly;China’s economic development slowed down with the optimized structure and the converted new normal status of kinetic energy. Namely, it would transform from a high-speed growth mode into a high-quality development mode, and the structural reform on the supply side served as a significant measure taken to propelChina’s economic transformation and reform under the new normal status. In terms of the industry environment, since the second half of the year 2017, the industry had entered into the trough. In this case, the mainstream market demands slowed down; the new productivity released quickly in a centralized manner; the periodic oversupply and the disordered competition resulted in the large-scale adjustment of various full-scale products, especially TV products in the long run; the OLED industrial chain was not so matured and would result in higher costs; the market demands could not meet the expected requirements and the new capacities released in a much fiercer way; however, the advancement of 5G commercial application and the accelerated development of AI would energize and catalyze the explosive development of IoT subdivided application scenarios, becoming a new growth point in this industry. Under this background, the Company persisted in transformation and upgrading driven by innovation, continued strengthening lean management, optimized product structure, improved efficiency of product operation, accelerated improving AMOLED global competitiveness, promoted the rapid development of sensor business, consolidated the basis for software and hardware technology integration, accelerate core capacity building of information and healthcare, and comprehensively promoted the improvement of profitability.
2. Challenges Arising from the Transformation of IoT
The IoT transformation was the only way and the inevitable choice for the Company to balance its business structure and realize its leaping development. While firmly sticking to the IoT transformation strategy, the Company should be aware of rigorous challenges arising from the transformation of IoT. Firstly,it’s required to reduce the risk of the continuous upgrading of trade frictions and any adverse impact caused by the increasing uncertainty in the political situation; secondly,it’s required to win the decisive battle related to the global semi-conductor display industry as the semi-conductor display business played a critical role in theCompany’s stable development as well as the base point and the propeller for the transformation of IoT; thirdly,it’s required to quickly make corresponding breakthrough during the transformation of IoT. The Company put forward the concept of IoT transformation in 2013, and clearly defined the IoT ecological chain construction strategy of “Ecoresystem: Open and Connected” in 2016. At present, the Company has made certain progress in various subdivided fields including the display and sensor innovation market, IoT solutions, digital arts, mobile healthcare and health service etc.. However, the development and the APP platform operation capacity need further improvements. Accordingly, a batch of IoT application enterprises are emerging in such subdivided fields including the security and protection and the education. As the strategic window is transient,it’s extremely urgent to make critical breakthroughs.
BOE Technology Group Co., Ltd. Interim Report 2019 Part V Significant Events
I Annual and Extraordinary General Meeting Convened during the Reporting Period
1. General Meeting Convened during the Reporting Period
|||||||
|-|-|-|-|-|-|
|||Investor|||Index to disclosed|
|Meeting|Type||Convened date|Disclosure date||
|||participation ratio|||information|
|The 2018 Annual General|Annual General|||||
|||33.98%|26 April 2019|27 April 2019|www.cninfo.com.cn|
|Meeting|Meeting|||||
|The 1st Extraordinary General|Extraordinary|||||
|||33.99%|28 June 2019|29 June 2019|www.cninfo.com.cn|
|Meeting of 2019|general meeting|||||

2. Extraordinary General Meeting Convened at Request of Preference Shareholders with Resumed Voting Rights
□ Applicable√ Not applicable
II Interim Dividend Plan for the Reporting Period
□ Applicable√ Not applicable
The Company has no interim dividend plan.
III Commitments of theCompany’s Actual Controller, Shareholders, Connected Parties and Acquirer, as well as the Company and Other Commitment Makers, Fulfilled in the Reporting Period or still Ongoing at Period-End
□ Applicable√ Not applicable
No such cases in the Reporting Period.
IV Engagement and Disengagement of CPAs Firm
Has the Interim financial report been audited?
□Yes√ No
This Interim Report is unaudited.
V Explanations Given by Board of Directors and Supervisory Committee Regarding “ModifiedAuditor’s Report” Issued by CPAs Firm for the Reporting Period
□ Applicable√ Not applicable
BOE Technology Group Co., Ltd. Interim Report 2019 VI Explanations Given by Board of Directors Regarding “ModifiedAuditor’s Report” Issued for Last Year
□ Applicable√ Not applicable
VII Bankruptcy and Restructuring
□ Applicable√ Not applicable
No such cases in the Reporting Period.
VIII Legal Matters
Significant lawsuits or arbitrations:
√ Applicable□Not applicable
|||||||||
|-|-|-|-|-|-|-|-|
|||||Trial results|Situation of|||
||Lawsuit|Whether||||||
||||Process of|and|execution of|||
|Basic situation of lawsuit|amount|form into|||||Disclosure|
||||lawsuit|influences of|judgment of|Disclosure date||
|(arbitration)|(RMB|estimated|||||index|
||||(arbitration)|lawsuit|lawsuit|||
||‘0,000)|liabilities||||||
|||||(arbitration)|(arbitration)|||
|Disputes case of sales|||||||For details,|
|contract that BOE|||||||see Annual|
||||This case came to|||||
|Technology (HK) Limited|||||||Report of|
||||trial at Beijing|||||
|sued LeTV Mobile|||||||2018 of BOE|
||||High People’s|||||
|Intelligent Information|||||||Technology|
||||Court on 8 March|||||
|Technology (Beijing) Co.,|28,471.43|No||Unknown|N/A|26 March 2019|Group Co.,|
||||2019. The next|||||
|Ltd, LeTV Holdings|||||||Ltd. disclosed|
||||step is to wait for|||||
|(Beijing) Co., Ltd., Le Sai|||||||on|
||||the court’s notice|||||
|Mobile Technology|||||||www.cninfo.c|
||||or judgment.|||||
|(Beijing) Co., Ltd. and|||||||om.cn. on 26|
|Mr. JiaYueting|||||||March 2019|

 Other legal matters:
√ Applicable□Not applicable
|||||||||
|-|-|-|-|-|-|-|-|
||||||Situation of|||
||Lawsuit|||Trial results andinfluences oflawsuit(arbitration)||||
|Basic situation of||Whether form|Process of||execution of|||
||amount|||||Disclosure|Disclosure|
|lawsuit||into estimated|lawsuit||judgment of|||
||(RMB|||||date|index|
|(arbitration)||liabilities|(arbitration)||lawsuit|||
||‘0,000)|||||||
||||||(arbitration)|||
|Litigations for the||||||||
|first half year of||||||||
|2019 (including|9,181.79|No|N/A|N/A|N/A|N/A|N/A|
|carryforwards in||||||||
|previous years )||||||||

BOE Technology Group Co., Ltd. Interim Report 2019 IX Punishments and Rectifications
□ Applicable√ Not applicable
No such cases in the Reporting Period.
X Credit Conditions of the Company as well as its Controlling Shareholder and Actual Controller
□ Applicable√ Not applicable
XI Equity Incentive Plans, Employee Stock Ownership Plans or Other Incentive Measures for Employees
√ Applicable□ Not applicable
No such cases in the Reporting Period.
XII Major Related-Party Transactions
1. Continuing Related-Party Transactions
□ Applicable√ Not applicable
No such cases in the Reporting Period.
2. Related-Party Transactions Regarding Purchase or Sales of Assets or Equity Interests
□ Applicable√ Not applicable
No such cases in the Reporting Period.
3. Related Transactions Regarding Joint Investments in Third Parties
□ Applicable√ Not applicable
No such cases in the Reporting Period.
4. Credits and Liabilities with Related Parties
□ Applicable√ Not applicable
No such cases in the Reporting Period.
5. Other Major Related-Party Transactions
√ Applicable□Not applicable
Naught
Index to the current announcements about the said related-party transactions disclosed
BOE Technology Group Co., Ltd. Interim Report 2019
||||
|-|-|-|
|Title of current announcement|Disclosure date|Disclosure website|
|Announcement on the Prediction of 2019 AnnualRoutine Related-party Transaction|||
||26 March 2019|www.cninfo.com.cn|

XIII Occupation of theCompany’s Capital by the Controlling Shareholder or Its Related Parties for Non-Operating Purposes
□ Applicable√ Not applicable
No such cases in the Reporting Period.
XIV Major Contracts and Execution thereof
1. Entrustment, Contracting and Leases
(1) Entrustment
□ Applicable√ Not applicable
No such cases in the Reporting Period.
(2) Contracting
□ Applicable√ Not applicable
No such cases in the Reporting Period.
(3) Leases
□ Applicable√ Not applicable
No such cases in the Reporting Period.
2. Major guarantees
√ Applicable□ Not applicable
BOE Technology Group Co., Ltd. Interim Report 2019 (1) Guarantees
Unit: RMB'0,000
||||||||||
|-|-|-|-|-|-|-|-|-|
|Guarantees provided by the Company for external parties (exclusive of those for subsidiaries)|||||||||
||||Actual occurrence||||||
||Disclosure date of the||||||Having|Guarantee for|
|||Line of|date|Actual guarantee|||||
|Obligor|guarantee line||||Type of guarantee|Term of guarantee|expired or|a related|
|||guarantee|(Agreement signing|amount|||||
||announcement||||||not|party or not|
||||date)||||||
|N/A|||||||||
|Total approved line for such guarantees in the Reporting||||Total actual amount of such guarantees in the|||||
|||0||||0|||
|Period (A1)||||Reporting Period (A2)|||||
|Total approved line for such guarantees at the end of the||||Total actual balance of such guarantees at the|||||
|||0||||0|||
|Reporting Period (A3)||||end of the Reporting Period (A4)|||||
|Guarantees provided by the Company for its subsidiaries|||||||||
||||Actual occurrence||||||
||Disclosure date of the||||||Having|Guarantee for|
|||Line of|date|Actual guarantee|||||
|Obligor|guarantee line||||Type of guarantee|Term of guarantee|expired or|a related|
|||guarantee|(Agreement signing|amount|||||
||announcement||||||not|party or not|
||||date)||||||
|Hefei BOE Photoelectric||||||23 July 2010 to 23 July|||
||14 August 2014|753,595|12 March 2015|14,945|Joint liability guarantee||No|No|
|Technology Co., Ltd.||||||2019|||
|Hefei XinSheng Photoelectric||||||6 January 2014 to 6|||
||14 August 2014|1,271,820|15 January 2015|564,028|Joint liability guarantee||No|No|
|Technology Co., Ltd.||||||January 2022|||
|Ordos YuanSheng Photoelectric||||||17 March 2017 to 17|||
||30 November 2016|549,683|15 March 2017|429,599|Joint liability guarantee||No|No|
|Co., Ltd.||||||March 2025|||
|Chengdu BOE Photoelectric||||||6 September 2017 to 6|||
||25 April 2017|2,301,057|30 August 2017|1,808,547|Joint liability guarantee||No|No|
|Technology Co., Ltd.||||||September 2027|||

BOE Technology Group Co., Ltd. Interim Report 2019
||||||||||
|-|-|-|-|-|-|-|-|-|
|||||||Opening date of the|||
|Chengdu BOE Photoelectric|||||||||
||25 April 2017|450,000|30 August 2017|181,665|Joint liability guarantee|letter of guarantee to 31|No|No|
|Technology Co., Ltd.|||||||||
|||||||July 2023|||
|Chongqing BOE Photoelectric||||||5 November 2014 to 5|||
||14 August 2014|1,458,316|29 September 2014|727,522|Joint liability guarantee||No|No|
|Technology Co., Ltd.||||||November 2022|||
|Hefei BOE Display Technology||||||7 September 2017 to 7|||
||1 December 2016|1,683,995|30 August 2017|1,532,733|Joint liability guarantee||No|No|
|Co., Ltd.||||||September 2025|||
|||||||Opening date of the|||
|Hefei BOE Display Technology|||||||||
||1 December 2016|450,000|21 December 2017|207,000|Joint liability guarantee|letter of guarantee to 31|No|No|
|Co., Ltd.|||||||||
|||||||March 2024|||
|Fuzhou BOE Photoelectric||||||19 December 2016 to 19|||
||10 December 2015|1,337,987|8 November 2016|1,143,004|Joint liability guarantee||No|No|
|Technology Co., Ltd.||||||December 2024|||
|||||||Opening date of the|||
|Fuzhou BOE Photoelectric|||||||||
||10 December 2015|300,000|8 November 2016|156,000|Joint liability guarantee|letter of guarantee to 28|No|No|
|Technology Co., Ltd.|||||||||
|||||||December 2023|||
|Mianyang BOE Photoelectric||||||26 September 2018 to|||
||18 May 2018|2,120,961|18 September 2018|1,365,374|Joint liability guarantee||No|No|
|Technology Co., Ltd.||||||26 September 2028|||
|||||||Opening date of the|||
|Mianyang BOE Photoelectric|||||||||
||18 May 2018|460,000|22 June 2018|248,000|Joint liability guarantee|letter of guarantee to 31|No|No|
|Technology Co., Ltd.|||||||||
|||||||October 2027|||
|Wuhan BOE Photoelectric||||||Not signing the contract|||
||25 March 2019|2,000,000||0|Joint liability guarantee||No|No|
|Technology Co., Ltd.||||||yet|||
|Wuhan BOE Photoelectric||||||Not signing the contract|||
||25 March 2019|450,000||0|Joint liability guarantee||No|No|
|Technology Co., Ltd.||||||yet|||
|Total approved line for such guarantees in the Reporting||||Total actual amount of such guarantees in the|||||
|||2,450,000||||132,702|||
|Period (B1)||||Reporting Period (B2)|||||
|Total approved line for such guarantees at the end of the||13,617,400||Total actual balance of such guarantees at the||8,378,416|||

BOE Technology Group Co., Ltd. Interim Report 2019
||||||||||
|-|-|-|-|-|-|-|-|-|
|Reporting Period (B3)||||end of the Reporting Period (B4)|||||
|Guarantees provided between subsidiaries|||||||||
||||Actual occurrence||||||
||Disclosure date of the||||||Having|Guarantee for|
|||Line of|date|Actual guarantee|||||
|Obligor|guarantee line||||Type of guarantee|Term of guarantee|expired or|a related|
|||guarantee|(Agreement signing|amount|||||
||announcement||||||not|party or not|
||||date)||||||
|Guangtai Solar Energy||||||20 December 2017 to 6|||
||N/A|5,450|20 December 2017|5,240|Joint liability guarantee||No|No|
|Technology (Suzhou) Co., Ltd||||||April 2027|||
|Huanda Trading (Hebei) Co.,||||||15 June 2017 to 16|||
||N/A|14,600|24 May 2017|14,540|Joint liability guarantee||No|No|
|Ltd.||||||January 2029|||
|Yangyuan Photovoltaic Power|||||||||
|||||||11 September 2017 to 11|||
|Generation (Huanggang) Co.,|N/A|4,552|11 September 2017|4,552|Joint liability guarantee||No|No|
|||||||September 2027|||
|Ltd|||||||||
|Yaoguang New Energy||||||31 October 2017 to 31|||
||N/A|4,192|31 October 2017|4,192|Joint liability guarantee||No|No|
|(Shouguang) Co., Ltd||||||October 2027|||
|Suzhou Industrial Park Taijing||||||1 December 2017 to 1|||
||N/A|3,484|1 December 2017|3,484|Joint liability guarantee||No|No|
|Photovoltaic Co., Ltd||||||December 2027|||
|Qingmei Solar Energy||||||21 December 2017 to 21|||
||N/A|4,678|21 December 2017|4,678|Joint liability guarantee||No|No|
|Technology (Lishui) Co., Ltd||||||December 2027|||
|Qinghong Solar Energy||||||21 December 2017 to 21|||
||N/A|2,374|21 December 2017|2,374|Joint liability guarantee||No|No|
|Technology (Jinhua) Co., Ltd||||||December 2027|||
|Qinghui Solar Energy||||||15 December 2017 to 15|||
||N/A|3,666|15 December 2017|3,666|Joint liability guarantee||No|No|
|Technology (Jinhua) Co., Ltd||||||December 2027|||
|Hexu Technology (Hefei) Co.,||||||18 May 2018 to 10 May|||
||N/A|538|18 May 2018|538|Joint liability guarantee||No|No|
|Ltd||||||2028|||
|Chenneng Technology (Hefei)|N/A|1,068|18 May 2018|1,068|Joint liability guarantee|18 May 2018 to 10 May|No|No|

BOE Technology Group Co., Ltd. Interim Report 2019
||||||||||
|-|-|-|-|-|-|-|-|-|
|Co., Ltd||||||2028|||
|Rongke New Energy (Hefei)||||||18 December 2017 to 18|||
||N/A|1,400|18 December 2017|1,393|Joint liability guarantee||No|No|
|Co., Ltd||||||December 2029|||
|Tianchi New Energy (Hefei)||||||18 December 2017 to 18|||
||N/A|1,100|18 December 2017|1,093|Joint liability guarantee||No|No|
|Co., Ltd||||||December 2029|||
|Qinghao Solar Energy||||||18 December 2017 to 18|||
||N/A|890|18 December 2017|884|Joint liability guarantee||No|No|
|Technology (Jinhua) Co., Ltd||||||December 2029|||
|Xiangqing Solar Energy|||||||||
|||||||18 December 2017 to 18|||
|Technology (Dongyang) Co.,|N/A|3,476|18 December 2017|3,259|Joint liability guarantee||No|No|
|||||||December 2029|||
|Ltd|||||||||
|Qingyue Solar Energy||||||18 December 2017 to 18|||
||N/A|960|18 December 2017|900|Joint liability guarantee||No|No|
|Technology (Wuyi) Co., Ltd||||||December 2029|||
|Qingyou Solar Energy||||||18 December 2017 to 18|||
||N/A|2,210|18 December 2017|2,204|Joint liability guarantee||No|No|
|Technology (Longyou) Co., Ltd||||||December 2029|||
|Qingfan Solar Energy||||||18 December 2017 to 18|||
||N/A|1,855|18 December 2017|1,739|Joint liability guarantee||No|No|
|Technology (Quzhou) Co., Ltd||||||December 2029|||
|Anhui BOE Energy Investment||||||27 December 2017 to 27|||
||N/A|13,575|27 December 2017|13,485|Joint liability guarantee||No|No|
|Co., Ltd||||||December 2029|||
|Taihang Electric Power||||||19 December 2017 to 18|||
||N/A|600|19 December 2017|544|Joint liability guarantee||No|No|
|Technology (Ningbo) Co., Ltd||||||December 2025|||
|||||||19 December 2017 to 18|||
|Guoji Energy (Ningbo) Co., Ltd|N/A|2,740|19 December 2017|2,563|Joint liability guarantee||No|No|
|||||||December 2025|||
|Hongyang Solar Energy Power||||||14 December 2017 to 13|||
||N/A|3,500|14 December 2017|3,500|Joint liability guarantee||No|No|
|Generation (Anji) Co., Ltd||||||December 2025|||
|Ke’enSolar Energy Power||||||14 December 2017 to 13|||
||N/A|2,400|14 December 2017|2,245|Joint liability guarantee||No|No|
|Generation (Pingyang) Co., Ltd||||||December 2025|||

BOE Technology Group Co., Ltd. Interim Report 2019
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|Dongze Photovoltaic Power|||||||14 December 2017 to 13|||
||N/A||2,100|14 December 2017|1,965|Joint liability guarantee||No|No|
|Generation (Wenzhou) Co., Ltd|||||||December 2025|||
|Aifeisheng Investment and||||||||||
||||||||14 December 2017 to 13|||
|Management (Wenzhou) Co,|N/A||1,400|14 December 2017|1,310|Joint liability guarantee||No|No|
||||||||December 2025|||
|Ltd||||||||||
||||||||27 April 2018 to 27|||
|Hefei BOE Hospital Co., Ltd|27 April 2018||130,000|27 April 2018|66,000|Joint liability guarantee||No|No|
||||||||April 2033|||
|Hengchuan New Energy|||||||31 January 2018 to 31|||
||N/A||6,892|31 January 2018|6,768|Joint liability guarantee||No|No|
|Technology (Hong’an) Co., Ltd|||||||January 2030|||
|Anhui BOE Energy Investment|||||||25 April 2018 to 25|||
||N/A||2,060|25 April 2018|2,050|Joint liability guarantee||No|No|
|Co., Ltd|||||||April 2030|||
|Junlong New Energy|||||||25 April 2018 to 25|||
||N/A||8,459|25 April 2018|8,417|Joint liability guarantee||No|No|
|Technology (Huaibin) Co., Ltd|||||||April 2030|||
|Guangnian New Energy|||||||13 December 2018 to 12|||
||N/A||16,000|13 December 2018|15,968|Joint liability guarantee||No|No|
|Technology (Shaoxing) Co., Ltd|||||||December 2030|||
|Xuhui New Energy Technology|||||||13 December 2018 to 12|||
||N/A||4,500|13 December 2018|4,491|Joint liability guarantee||No|No|
|(Shaoxing) Co., Ltd|||||||December 2030|||
||||||||12 December 2017 to 7|||
|BOE Technology (HK) Limited|N/A||110,220|31 October 2017|110,220|Pledge||No|No|
||||||||December 2020|||
|Total approved line for such guarantees in the Reporting|||||Total actual amount of such guarantees in the|||||
||||0||||173|||
|Period (C1)|||||Reporting Period (C2)|||||
|Total approved line for such guarantees at the end of the|||||Total actual balance of such guarantees at the|||||
||||360,939||||295,329|||
|Reporting Period (C3)|||||end of the Reporting Period (C4)|||||
|Total guarantee amount (total of the three kinds of guarantees above)||||||||||
|Total guarantee line approved in the|||||Total actual guarantee amount in the|||||
|||2,450,000|||||132,875|||
|Reporting Period (A1+B1+C1)|||||Reporting Period (A2+B2+C2)|||||

BOE Technology Group Co., Ltd. Interim Report 2019
|||||
|-|-|-|-|
|Total approved guarantee line at the||||
|||Total actual guarantee balance at the end of||
|end of the Reporting Period|13,978,339||8,673,745|
|||the Reporting Period (A4+B4+C4)||
|(A3+B3+C3)||||
|Total actual guarantee amount (A4+B4+C4) as % of the Company’s net assets||100.25%||
|Of which:||||
|Amount of guarantees provided for shareholders, the actual controller and their related parties||||
|||0||
|(D)||||
|Balance of debt guarantees provided directly or indirectly for obligors with an over 70%||||
|||199,848||
|debt/asset ratio (E)||||
|Amount by which the total guarantee amount exceeds 50% of the Company’s net assets (F)||4,347,578||
|Total of the three amounts above (D+E+F)||4,347,578||
|Joint responsibilities possibly borne or already borne in the Reporting Period for undue||||
|||N/A||
|guarantees (if any)||||
|Provision of external guarantees in breach of the prescribed procedures (if any)||N/A||

 Compound guarantees:
Naught
(2) Irregularities in Provision of Guarantees
□ Applicable√ Not applicable
No such cases in the Reporting Period.
3. Other Major Contracts
□ Applicable√ Not applicable
No such cases in the Reporting Period.
BOE Technology Group Co., Ltd. Interim Report 2019 XV Corporate Social Responsibility (CSR)
1. Significant Environment Protection
Indicate by tick mark whether the Company or any of its subsidiaries is identified as a major polluter by the environmental protection authorities.
Yes
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
||||Number of|Distribution||Discharge||||
||Name of major||||Discharge||Total|Approved total|Excessive|
|Name of polluter||Way of discharge|discharge|of discharge||standards||||
||pollutants||||concentration||discharge|discharge|discharge|
||||outlets|outlets||implemented||||
||COD|Standard emission after||Northwest|192.70mg/L|500mg/L|218.102t|702.68t|None|
|Beijing BOE Optoelectronics||||||||||
|||being treated by|1|corner of||||||
|Technology Co., Ltd.||||||||||
||Ammonia nitrogen|sewage treatment system||factory|9.69mg/L|45 mg/L|10.972t|55.93t|None|
|The 4.5th generation TFT-LCD||||||||||
||COD|Standard emission after|||83.88mg/L|500mg/L|44.26t|490.51t|None|
|production line of Chengdu||||North side||||||
|||being treated by|1|||||||
|BOE Optoelectronics||||of factory||||||
||Ammonia nitrogen||||6.99mg/L|45mg/L|3.69t|25.249t|None|
|||sewage treatment system||||||||
|Technology Co., Ltd.||||||||||
||COD|Standard emission after||Northwest|51.12|380mg/L|115.118t|1059t|None|
|Hefei BOE Optoelectronics||||||||||
|||being treated by|1|corner of||||||
|Technology Co., Ltd.|Ammonia nitrogen||||4.75|30mg/L|11.423t|99.2t|None|
|||sewage treatment system||factory||||||
||COD|Standard emission after|||147.17mg/L|500mg/l|379.25t|1618.8t|None|
|Beijing BOE Display||||East gate of||||||
|||being treated by|1|||||||
|Technology Co., Ltd.|Ammonia nitrogen|||factory|11.39mg/L|45mg/l|28.88t|134.4t|None|
|||sewage treatment system||||||||
||COD|Standard emission after||Northeast|60.67mg/L|380mg/L|177.07t|1621.97t|None|
|Hefei Xinsheng Optoelectronics||||||||||
|||being treated by|1|gate of||||||
|Technology Co., Ltd.||||||||||
||Ammonia nitrogen||||13.42mg/L|30mg/L|38.32t|128.08t|None|
|||sewage treatment system||factory||||||
|Erdos Yuansheng|COD|Standard emission after|1|North side|43.2mg/L|500mg/L|51.9t|713.81t|None|

BOE Technology Group Co., Ltd. Interim Report 2019
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|Optoelectronics Co., Ltd.||being treated by||of factory||||||
||Ammonia nitrogen||||2.5mg/L|-|3t|76.82t|None|
|||sewage treatment system||||||||
|The 6th generation flexible||||||||||
||COD|Standard emission after|||29.83mg/L|500mg/L|69.53t|2213.78t|None|
|AMOLED production line of||||North side||||||
|||being treated by|1|||||||
|Chengdu BOE Optoelectronics||||of factory||||||
||Ammonia nitrogen|sewage treatment system|||1.10mg/L|45 mg/L|2.60t|214.4t|None|
|Technology Co., Ltd.||||||||||
|Chongqing BOE|COD|Standard emission after|||111.9|400mg/L|269.17t|727.08t|None|
|||||South side||||||
|Optoelectronics Technology||being treated by|1|||||||
|||||of factory||||||
|Co., Ltd.|Ammonia nitrogen|sewage treatment system|||4.635|45mg/L|11.15t|79.424t|None|
||COD|Standard emission after|||40.5mg/L|400mg/L|166.19t|1189.88t|None|
|Hefei BOE Display Technology||||North side||||||
|||being treated by|1|||||||
|Co., Ltd.||||of factory||||||
||Ammonia nitrogen||||7.44mg/L|35mg/L|30.53t|118.98t|None|
|||sewage treatment system||||||||
||COD|Standard emission after||Northeast|93mg/L|500mg/L|250.16t|510.35t|None|
|Fuzhou BOE Optoelectronics||||||||||
|||being treated by|1|side of||||||
|Technology Co., Ltd.||||||||||
||Ammonia nitrogen||||6.39mg/L|45mg/L|17.32t|68.05t|None|
|||sewage treatment system||factory||||||
||COD|Standard emission after|||60.5mg/L|500mg/L|0.59t|11.114t|None|
|BOE Technology Group Co.,||||East side of||||||
|||being treated by|1|||||||
|Ltd.||||factory||||||
||Ammonia nitrogen||||20.7mg/L|45mg/L|0.2t|0.341t|None|
|||sewage treatment system||||||||
||COD|||Southeast|13.5mg/L|500mg/L|0.69t|13.554t|None|
|||||side of||||||
||Ammonia nitrogen|Discharged into sewage|||1.11mg/L|45mg/L|0.06t|1.01t|None|
|||||factory||||||
|BOE (Hebei) Mobile Display||||||||||
|||treatment plant through|2|||||||
|Technology Co., Ltd.||||||||||
||COD||||124mg/L|500mg/L|2.52t|74.937t|None|
|||municipal pipes||North side||||||
|||||of factory||||||
||Ammonia nitrogen||||22.4mg/L|45mg/L|0.46t|6.744t|None|

BOE Technology Group Co., Ltd. Interim Report 2019 Construction of pollution prevention equipment and operation condition
During report period, the Company did not have important environmental problem. The Company built strict environmental management system, and established internal organizational structure to supervise overall environmental performance of the Company, formulated environmental management regulations and targets, carried out regular supervision for the environmental management condition of subordinate enterprises to promote the implementation of environmental management work.
Currently, the waste water which is generated by each subordinate enterprise of the Company can be divided in to industrial waste water and household waste water. Rain water-waste water shunting system is adopted for drainage system to drain water separately according to different natures. After collecting, the rain water is discharged into rain water pipeline of factory; after the rain water is collected by rain water pipe network, the rain water is discharged. After being treated by sewage treatment system in factory, industrial waste water is discharged into sewage treatment factory through municipal pipe network for intense treatment. Household waste water comprises household fecal waste water and canteen oily waste water etc, after pretreatment, the waste water is discharged into municipal sewage treatment factory. All industrial and household waste water is not discharged directly, and the concentration and total amount of drainage satisfy the requirements of national and local relevant standards.
In additional, the exhaust gas which is emitted by each subordinate enterprise mainly comes from technology exhaust gas during production process, generally including general exhaust gas, acid exhaust gas, alkaline exhaust gas, special exhaust gas and organic exhaust gas etc. Various exhaust gas can be emitted after being treated by independent emission treatment system. The emission concentration and total amount satisfy the national and local relevant standards.
“4R concept” for the use of materials has been used by the Company since 2007, that is recycle (Recycle), reduction (Reduce), renewal (Renew) and responsibility (responsibly). The Company promises that the used materials are all in accordance with requirements of national relevant environmental regulations and the registration, assessment, permission and restriction system of chemicals. In additional, the Company promotes the recycle of package materials constantly. The waste materials which are generated by each subordinate enterprise can be divided into general industrial solid waste, hazardous waste materials and household waste materials, and they all handed over to qualified recycler for regular treatment.
The Company focuses on the recycle of water resource and advanced cleaning methods such as adverse cleaning etc are adopted for processing equipment. Most high purity water and chemicals are recycled, reducing the consumption of high purity water, chemical and other materials maximally and reducing the discharge of waste water and waste materials.
At present, each subordinate enterprise formulates various management methods such as water pollution management, air pollution management standard, hazardous waste materials management standard, energy management standard etc. The methods specify the operation and maintenance regulations and requirements of pollutant treatment system, establish regular monitoring and supervising mechanism, in order to ensure the continuous stable operation of each system.
In recent years, the environmental emission index of the Company is up to national standards such as Sewage Comprehensive Discharge Standard, Air Pollutant Comprehensive Emission Standard, Industrial Enterprise Environmental Noise Emission Standard within Factory Boundary, etc and local standards. The Company will continue to promote the environmental management, devote to forging green factory and improve environmental management level constantly.
Environmental Impact Assessment on Construction Project and Other Administrative Licenses for Environmental Protection At present, corresponding environmental impact assessments have been conducted for all construction projects under the control of the Company in conformity with applicable national and local laws and regulations, and corresponding administrative licenses have also been obtained.
Contingency Plan for Emergent Environmental Incidents
The Company has formulated and filed corresponding contingency plan for emergent environmental incidents in the environmental protection agency according to relevant local requirements. However, such contingency plan consists of comprehensive plan, special plan and on-site disposal plan, and involves various aspects such as waste water, exhaust gas, hazardous wastes and dangerous chemicals etc. Meanwhile, drills must be conducted regularly.
BOE Technology Group Co., Ltd. Interim Report 2019 Self-monitoring Plan
Currently, major pollutant-discharging units subordinated to the Company have worked out corresponding self-monitoring plan according to relevant requirements put forward by the local environmental protection agency. The self-monitoring plans respectively formulated by Beijing BOE Display Technology Co., Ltd. and Beijing BOE Optoelectronics Technology Co., Ltd. have been published via thecompany’s official website.
Other environment information that should be disclosed
No
Other related environment protection information
No
2. Measures Taken for Targeted Poverty Alleviation
The Company did not take any targeted measures to help people lift themselves out of poverty during the Reporting Period, also no subsequent plans.
XVI Other Significant Events
√ Applicable□Not applicable
1. The wholly-owned subsidiary, BOE Technology (Hong Kong) Co., Ltd., filed lawsuits to Beijing Municipal Higher People's Court against following Defendants: Letv Mobile Intelligent Information Technology (Beijing) Co.,Ltd. (referred to as “Letv Mobile hereinafter”) , TV Plus Holdings (Beijing) Limited, Leseil Mobile Technology (Beijing) Co.,Ltd. and JiaYueting, with the total amount of claims being aboutUS$41.84 million. Beijing Municipal Higher People's Court issued Notice of Case Acceptance and Civil Ruling Paper for property preservation on 6 July 2017 and 31 July 2017 respectively. Letv Mobile raised the jurisdiction objection to Beijing Municipal Higher People's Court, which was rejected, and also instituted an appeal to the Supreme People's Court for verdict on jurisdiction objection. The Supreme People's Court has made the final verdict that the appeal of Letv was rejected and the original verdict was maintained. On 8 March 2019, Beijing Municipal HigherPeople’s Court opened a court session for the case firstly and the next step for the Company is to wait for the notice or judgment from the court. For receivables corresponding to aforementioned amount of claims, the Company has counted provision for bad debts as per regulations in accounting standard accordingly; therefore, it has uncertain influences on the Company.
2. The corporate bonds (Phase I) of BOE Technology Group Co., Ltd. issued to public qualified investors from 21 March 2016 to 22 March 2016 reached 3 full years by 21 March 2019. According to regulations, the interest should be paid once per year during the interest-bearing period. According to relevant put provisions stipulated in Raising Instruction Book on the Public-issued Corporation Bonds (Phase I) by the Company to Qualified Investors in 2016, the Company respectively issued The First Advisory Notice on the Non-adjustment “16BOE01” Corporate Bonds Nominal Interest Rate and the Investor Put-back Implementation Measures (No.2019-001), The Second Advisory Notice on the Non-adjustment “16BOE01” Corporate Bonds Nominal Interest Rate and the Investor Put-back Implementation Measures (No.2019-003) and The Third Advisory Notice on the Non-adjustment “16BOE01” Corporate Bonds Nominal Interest Rate and the Investor Put-back Implementation Measures (No.2019-004) on 31 January 2019, 1 February 2019 and 12 February 2019. Within the put-back registration period, the investors could wholly or partially sell their “16BOE01” shares back to the Company with the put price at RMB100/piece (excluding the interest). According to corresponding data provided by CSDC Shenzhen, the put-back quantity of “16BOE01” was 96,705,976, and the put-back amount reached RMB9,975,221,424.40 (including the interest). The remaining quantity subject to the trusteeship was 3,294,024. On 14 March 2019, the Company disclosed 2019 “16BOE01” Interest Payment Announcement (No.2019-009). The interest payment scheme should be RMB31.5 (taxes included) paid to every 10 bonds. On 21 March 2019 was the day for paying the declared put-back funds and
interests, and the Company paid corresponding put-back principal and current interests to the validly-declared put-back “16BOE01”
BOE Technology Group Co., Ltd. Interim Report 2019 bond holder. On 28 March 2019, the Company held the first bonds holder meeting in 2019 for the 2016 corporate bonds. At this meeting, The Proposal on Advance Payment of 2016 Corporate Bonds of BOE was reviewed and approved, and on 29 March 2019, The Announcement on the First Bonds Holder Meeting Resolution in 2019 for 2016 Corporate Bonds (No. 2019-022) was issued. On 3 April 2019, the Company paid corresponding interests of “16BOE01” bonds incurred from 21 March 2019 to 2 April 2019. However, the delisting date was on 3 April 2019 and the interest payment and claims registration day was on 2 April 2019. From the day 3 April 2019 on, “16BOE01” bonds were delisted and relevant transactions were discontinued via SZSE.
3. The Company issued Pre-disclosure Announcement on Stock Reduction of Shareholders with More than5% Stocks (Announcement No.: 2019-007) and Pre-disclosure Announcement on Stock Reduction of Shareholders with More than5% Stocks (Announcement No.: 2019-008) on 6 March 2019 respectively; shareholders of the Company as Hefei Jianxiang Investment Co., Ltd. and Chongqing Ezcapital Opto-electronics Industry Investment Co., Ltd. planned to reduce no more than1.00% of general capital of the Company by means of centralized competitive bidding within 3 months after 15 working days since the issuance of each Announcement. Aforementioned stock reduction plans were completed by 26 June 2019.
4. The Company issued Announcement on 2018 Implementation of Annual Interest Distribution (Announcement No. 2019-030) on 25 May 2019. The annual interest distribution plan 2018 was reviewed and adopted in 2018 Annual General Meeting held on 26 April 2019. According to the distribution plan, the Company shall allocated annual corporate benefits in 2018 by means of RMB0.3 for every 10 shares (where, the B-share benefit distribution shall be completed with Hong Kong dollar as per conversion rate from RMB to HKD published byPeople’s Bank of China on the first working day after Shareholders Meeting of the Company) without distributing bonus share or transferring shares in the name of public reserve funds.
5. The Company disclosed the Announcement on Resolutions of the 1st Extraordinary General Meeting of 2019 (Announcement No.: 2019-037), Announcement on Resolutions of the 1st Meeting of the 9th Board of Directors (Announcement No.: 2019-039) and Announcement on Resolutions of the 1st Meeting of the 9th Supervisory Committee (Announcement No.: 2019-040) on 29 June 2019. Those meetings reviewed and approved proposals related to the general election and the general election has been completed. For details, please refer to relevant announcements.
||||
|-|-|-|
|||Index to disclosure website for|
|Overview of significant events|Disclosure date||
|||interim report|
|Announcement on Construction of Beijing BOE Life TechnologyIndustrial Base (Phase I) via Investment|||
||26 March 2019|www.cninfo.com.cn|

XVII Significant Events of Subsidiaries
□ Applicable√ Not applicable
BOE Technology Group Co., Ltd. Interim Report 2019 Part VI Share Changes and Shareholder Information
I. Share Changes
1. Share Changes
Unit: share
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
||Before||Increase/decrease in the Reporting Period (+/-)|||||After||
||||||Bonus issue|||||
||Shares|Percentage (%)|New issues|Bonus shares||Other|Subtotal|Shares|Percentage (%)|
||||||from profit|||||
|I. Restricted shares|2,536,393|0.01%|0|0|0|-675|-675|2,535,718|0.01%|
|1. Shares held by State|0|0.00%|0|0|0|0|0|0|0.00%|
|2. Shares held by state-owned||||||||||
||0|0.00%|0|0|0|0|0|0|0.00%|
|legal person||||||||||
|3. Shares held by other||||||||||
||2,536,393|0.01%|0|0|0|-675|-675|2,535,718|0.01%|
|domestic investors||||||||||
|Among which: Shares held by||||||||||
||2,536,393|0.01%|0|0|0|-675|-675|2,535,718|0.01%|
|domestic legal person||||||||||
|Shares held by domestic||||||||||
||0|0.00%|0|0|0|0|0|0|0.00%|
|natural person||||||||||
|4. Shares held by foreign||||||||||
||0|0.00%|0|0|0|0|0|0|0.00%|
|investors||||||||||
|Among which: Shares held by||||||||||
||0|0.00%|0|0|0|0|0|0|0.00%|
|foreign legal person||||||||||
|Shares held by foreign natural||||||||||
||0|0.00%|0|0|0|0|0|0|0.00%|
|person||||||||||

BOE Technology Group Co., Ltd. Interim Report 2019
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|II. Non-restricted shares|34,795,862,370|99.99%|0|0|0|675|675|34,795,863,045|99.99%|
|1. RMB common shares|33,859,748,882|97.30%|0|0|0|675|675|33,859,749,557|97.30%|
|2. Domestically listed foreign||||||||||
||936,113,488|2.69%|0|0|0|0|0|936,113,488|2.69%|
|shares||||||||||
|3. Overseas listed foreign||||||||||
||0|0.00%|0|0|0|0|0|0|0.00%|
|shares||||||||||
|4. Others|0|0.00%|0|0|0|0|0|0|0.00%|
|III. Total shares|34,798,398,763|100.00%|0|0|0|0|0|34,798,398,763|100.00%|

 Reasons for share changes:
√Applicable□Not applicable
According to Article 3.8.7 stipulated in SZSE Mainboard-listingCompany’s Standard Operation Guidance, on the first transaction day each year, for the settlement of Shenzhen Branches, the shares held by the listedcompany’s directors, supervisors and senior managers on the last transaction day last year should serve as the base, and the transferable shares in this year could be calculated based on its25%. Meanwhile,it’s also required to unlock the circulating shares within the transferable shares this year not subject to any restriction on shares. When any decimals appeared through calculating the lockable line of credit, the rounding-off principle should prevail; when the remaining shares in one certain account were less than 1,000, its transferable shares in this year should be the shares held in the Company. TheCompany’s supervisor Mr. Chen Zhaozhen holds 900 shares of the Company which were released the restriction on trading on 2 January 2019.
Approval of share changes:
□ Applicable√ Not applicable
Transfer of share ownership:
□ Applicable√ Not applicable
Progress on any share repurchases:
□ Applicable√ Not applicable
Progress on reducing the repurchased shares by means of centralized bidding:
□ Applicable√ Not applicable
Effects of share changes on the basic and diluted earnings per share, equity per share attributable to theCompany’s ordinary shareholders and other financial indicators of the prior year and the prior accounting period, respectively:
□ Applicable√ Not applicable
BOE Technology Group Co., Ltd. Interim Report 2019 Other information that the Company considers necessary or is required by the securities regulator to be disclosed:
□ Applicable√ Not applicable
2. Changes in Restricted Shares
√ Applicable□ Not applicable
Unit: Share
||||||||
|-|-|-|-|-|-|-|
||Restricted shares|Restricted shares|Restricted shares|Restricted shares|||
|Name of the||||||Restricted shares|
||amount at the|relieved of the|increased of the|amount at the|Restricted reasons||
|shareholders||||||relieved date|
||period-begin|period|period|period-end|||
||||||The Company’s supervisor Mr. Chen Zhaozhen holds 900 shares of the||
|Shares locked by|||||||
||2,536,393|675|0|2,535,718|Company which were released the restriction on trading on 2 January|2 January 2019|
|senior executives|||||||
||||||2019 in accordance with regulations.||
|Total|2,536,393|675|0|2,535,718|--|--|

 II. Issuance and Listing of Securities
□ Applicable√ Not applicable
III. Total Number of Shareholders and Their Shareholdings
Unit: Share
||||||||||
|-|-|-|-|-|-|-|-|-|
|Total number of ordinary shareholders at the period-end|1,499,878 (including 1,460,087 A-shareholders and 39,791 B-shareholders)||||||||
|5% or greater ordinary shareholders or the top 10 ordinary shareholders|||||||||
|||||Increase/decrease|Number of|Number of|Pledged or frozen||
|||Shareholding|Total shares held||||||
|Name of shareholder|Nature of shareholder|||during the|restricted|non-restricted|shares||
|||percentage (%)|at the period-end||||||
|||||Reporting Period|shares held|shares held|Status|Number|
|Beijing State-owned Capital Operation and|State-owned legal person|11.68%|4,063,333,333|-|0|4,063,333,333|N/A|0|

BOE Technology Group Co., Ltd. Interim Report 2019
||||||||||
|-|-|-|-|-|-|-|-|-|
|Management Center|||||||||
|Chongqing Ezcapital Opto-electronics IndustryInvestment Co., Ltd.|State-owned legal person|7.60%|2,643,863,541|-9,136,500|0|2,643,863,541|||
||||||||N/A|0|
|Hefei Jianxiang Investment Co., Ltd.|State-owned legal person|7.21%|2,510,142,953|-|0|2,510,142,953|N/A|0|
|Beijing Yizhuang Investment Holdings Co., Ltd|State-owned legal person|3.48%|1,210,724,041|-30,699,600|0|1,210,724,041|N/A|0|
|Beijing BOE Investment & Development Co., Ltd.|State-owned legal person|2.36%|822,092,180|-|0|822,092,180|N/A|0|
|Hong Kong Securities Clearing Company Ltd.|Foreign legal person|1.25%|434,248,350|-48,960,015|0|434,248,350|N/A|0|
|Beijing Electronics Holdings Co., Ltd.|State-owned legal person|0.79%|273,735,583|-|0|273,735,583|N/A|0|
|Central Huijin Assets Management Co., Ltd|State-owned legal person|0.71%|248,305,300|-|0|248,305,300|N/A|0|
|China Securities Finance Corporation Limited|Domestic non-state-ownedlegal person|0.38%|132,480,249|-|0|132,480,249|N/A|0|
|Xiamen Hengxing Group Co., Ltd.|Domestic non-state-ownedlegal person|0.37%|128,825,078|121,909,078|0|128,825,078|N/A|0|
|Strategic investors or general corporations becoming|||||||||
|top-ten shareholders due to placing of new shares (if|Naught||||||||
|any) (see Note 3)|||||||||
||1. Beijing State-owned Capital Operation and Management Center held 100% equities of Beijing Electronics Holdings Co., Ltd.||||||||
||2. Beijing Electronics Holdings Co., Ltd. held 66.25% equities of Beijing BOE Investment & Development Co., Ltd. and was its||||||||
||controlling shareholder.||||||||
||3. After the non-public issuing of BOE in 2014, Hefei Jianxiang Investment Co., Ltd. and Chongqing Ezcapital Opto-electronics||||||||
||Industry Investment Co., Ltd, by entering into Implementation Protocol of Voting Right respectively, agreed to maintain all of the shares||||||||
|Related or acting-in-concert parties among the|held by them respectively unanimous with Beijing BOE Investment & Development Co., Ltd. when executing the voting rights of the||||||||
|shareholders above|shareholders.||||||||
||4. After the non-public issuing of the Company in 2014, Beijing State-owned Capital Operation and Management Center handed over||||||||
||70% of the shares directly held by it to Beijing Electronics Holdings Co., Ltd. for management through Stock Management Protocol,||||||||
||and Beijing Electronics Holdings Co., Ltd. gained the incidental shareholders’ rights except for disposing right and usufruct of the||||||||
||shares, of which the rest 30% voting right maintained unanimous with Beijing Electronics Holdings Co., Ltd. through the agreement||||||||
||according to Implementation Protocol of Voting Right.||||||||

BOE Technology Group Co., Ltd. Interim Report 2019
|||||
|-|-|-|-|
||5. Except for the above relationships, the Company does not know any other related party or acting-in-concert party among the top 10|||
||shareholders.|||
|Shareholdings of the top ten unrestricted shareholders||||
||Number of unrestricted shares held at the|Shares by type||
|Name of shareholder||||
||period-end|Type|Shares|
|Beijing State-owned Capital Operation andManagement Center|4,063,333,333|||
|||RMB ordinary share|4,063,333,333|
|Chongqing Ezcapital Opto-electronics IndustryInvestment Co., Ltd.|2,643,863,541|||
|||RMB ordinary share|2,643,863,541|
|Hefei Jianxiang Investment Co., Ltd.|2,510,142,953|RMB ordinary share|2,510,142,953|
|Beijing Yizhuang Investment Holdings Co., Ltd|1,210,724,041|RMB ordinary share|1,210,724,041|
|Beijing BOE Investment & Development Co., Ltd.|822,092,180|RMB ordinary share|822,092,180|
|Hong Kong Securities Clearing Company Ltd.|434,248,350|RMB ordinary share|434,248,350|
|Beijing Electronics Holdings Co., Ltd.|273,735,583|RMB ordinary share|273,735,583|
|Central Huijin Assets Management Co., Ltd|248,305,300|RMB ordinary share|248,305,300|
|China Securities Finance Corporation Limited|132,480,249|RMB ordinary share|132,480,249|
|Xiamen Hengxing Group Co., Ltd.|128,825,078|RMB ordinary share|128,825,078|
||1. Beijing State-owned Capital Operation and Management Center held 100% equities of Beijing Electronics Holdings Co., Ltd.|||
||2. Beijing Electronics Holdings Co., Ltd. held 66.25% equities of Beijing BOE Investment & Development Co., Ltd. and was its|||
||controlling shareholder.|||
|Related or acting-in-concert parties among top 10||||
||3. After the non-public issuing of BOE in 2014, Hefei Jianxiang Investment Co., Ltd. and Chongqing Ezcapital Opto-electronics|||
|unrestricted public shareholders, as well as between top||||
||Industry Investment Co., Ltd, by entering into Implementation Protocol of Voting Right respectively, agreed to maintain all of the shares|||
|10 unrestricted public shareholders and top 10||||
||held by them respectively unanimous with Beijing BOE Investment & Development Co., Ltd. when executing the voting rights of the|||
|shareholders||||
||shareholders.|||
||4. After the non-public issuing of the Company in 2014, Beijing State-owned Capital Operation and Management Center handed over|||
||70% of the shares directly held by it to Beijing Electronics Holdings Co., Ltd. for management through Stock Management Protocol,|||

BOE Technology Group Co., Ltd. Interim Report 2019
|||
|-|-|
||and Beijing Electronics Holdings Co., Ltd. gained the incidental shareholders’ rights except for disposing right and usufruct of the|
||shares, of which the rest 30% voting right maintained unanimous with Beijing Electronics Holdings Co., Ltd. through the agreement|
||according to Implementation Protocol of Voting Right.|
||5. Except for the above relationships, the Company does not know any other related party or acting-in-concert party among the top 10|
||shareholders.|
||The holdings of Beijing Yizhuang Investment Holdings Co., Ltd. in the Company decreased by 30,699,600 shares due to refinancing|
|Top 10 ordinary shareholders involved in securities||
||securities lending.|
|margin trading (if any) (see note 4)||
||Xiamen Hengxing Group Co., Ltd. holds 8,406,498 shares in the Company in its account of collaterial securities for margin trading.|

 Indicate by tick mark whether any of the top 10 ordinary shareholders or the top 10 unrestricted ordinary shareholders of the Company conducted any promissory repo during the Reporting Period.
□ Yea√ No
No such cases in the Reporting Period.
IV. Change of the Controlling Shareholder or the Actual Controller
Change of the controlling shareholder in the Reporting Period
□ Applicable√ Not applicable
No such cases in the Reporting Period.
Change of the actual controller in the Reporting Period
□ Applicable√ Not applicable
No such cases in the Reporting Period.
BOE Technology Group Co., Ltd. Interim Report 2019 Part VII Preferred Shares
□ Applicable√ Not applicable
No preferred shares in the Reporting Period.
BOE Technology Group Co., Ltd. Interim Report 2019 Part VIII Directors, Supervisors, Senior Management and Staff
I Change in Shareholdings of Directors, Supervisors and Senior Management
√ Applicable□ Not applicable
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|||||Increase in|Decrease in||Number of the|Number of the|Number of the|
||||Beginning|the|the|Ending|restricted shares|restricted shares|restricted shares|
|Name|Office title|Incumbent/former|shareholding|Reporting|Reporting|shareholding|granted at the|granted during the|granted at the|
||||(share)|Period|Period|(share)|period-begin|Reporting Period|period-end|
|||||(share)|(share)||(share)|(share)|(share)|
||Chairman of the Board, Chief of|||||||||
|Chen Yanshun||Incumbent|600,000|0|0|600,000|0|0|0|
||Executive Committee|||||||||
|Pan Jinfeng|Vice Chairman of the Board|Incumbent|0|0|0|0|0|0|0|
||Vice Chairman of the Board,|||||||||
|Liu Xiaodong|President and vice chairman of|Incumbent|250,000|0|0|250,000|0|0|0|
||Executive Committee|||||||||
|Wang Chenyang|Director|Incumbent|0|0|0|0|0|0|0|
|Song Jie|Director|Incumbent|0|0|0|0|0|0|0|
||Director, member of Executive|||||||||
|Sun Yun|Committee, executive vice|Incumbent|223,981|0|0|223,981|0|0|0|
||president, CFO|||||||||
||Director, member of Executive|||||||||
||Committee, executive vice|||||||||
|Gao Wenbao||Incumbent|90,700|0|0|90,700|0|0|0|
||president, and CEO of Display|||||||||
||&Sensor Devices Business Group|||||||||

BOE Technology Group Co., Ltd. Interim Report 2019
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|Li Yantao|Director|Incumbent|0|0|0|0|0|0|0|
|Lyu Tingjie|Independent director|Incumbent|0|0|0|0|0|0|0|
|Wang Huacheng|Independent director|Incumbent|0|0|0|0|0|0|0|
|Hu Xiaolin|Independent director|Incumbent|0|0|0|0|0|0|0|
|Li Xuan|Independent director|Incumbent|0|0|0|0|0|0|0|
||Chairman of the Supervisory|||||||||
|Yang Xiangdong||Incumbent|0|0|0|0|0|0|0|
||Committee|||||||||
|Xu Tao|Supervisor|Incumbent|0|0|0|0|0|0|0|
|Wei Shuanglai|Supervisor|Incumbent|0|0|0|0|0|0|0|
|Chen Xiaobei|Supervisor|Incumbent|0|0|0|0|0|0|0|
|Shi Hong|Supervisor|Incumbent|0|0|0|0|0|0|0|
|Xu Yangping|Employee supervisor|Incumbent|0|0|0|0|0|0|0|
|He Daopin|Employee supervisor|Incumbent|0|0|0|0|0|0|0|
|Yan Jun|Employee supervisor|Incumbent|0|0|0|0|0|0|0|
|Teng Jiao|Employee supervisor|Incumbent|0|0|0|0|0|0|0|
||Member of Executive Committee,|||||||||
|Yao Xiangjun|executive vice president and CEO|Incumbent|100,000|0|0|100,000|0|0|0|
||of Digital Art Business Group|||||||||
||Member of Executive Committee,|||||||||
||executive vice president and CEO|||||||||
|Zhang Zhaohong||Incumbent|328,700|0|0|328,700|0|0|0|
||of Mobile Healthcare Business|||||||||
||Group|||||||||
||Member of Executive Committee,|||||||||
|Zhong Huifeng||Incumbent|150,000|0|0|150,000|0|0|0|
||executive vice president and CHO|||||||||
|Feng Liqiong|Member of Executive Committee,|Incumbent|200,000|0|0|200,000|0|0|0|

BOE Technology Group Co., Ltd. Interim Report 2019
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
||executive vice president and chief|||||||||
||lawyer|||||||||
||Member of Executive Committee,|||||||||
|Xie Zhongdong|senior vice president, chief auditor|Incumbent|200,000|0|0|200,000|0|0|0|
||and CRO|||||||||
||Member of Executive Committee,|||||||||
|Miao Chuanbin||Incumbent|1,800|0|0|1,800|0|0|0|
||executive vice president and CCO|||||||||
||Vice president and Secretary of the|||||||||
|Liu Hongfeng||Incumbent|154,500|0|0|154,500|0|0|0|
||Board|||||||||
|Wang Dongsheng|Chairman of the Board|Former|299,905|0|0|299,905|0|0|0|
|Xie Xiaoming|Vice Chairman of the Board|Former|7,680|0|0|7,680|0|0|0|
|Zhao Wei|Supervisor|Former|0|0|0|0|0|0|0|
|Zhuang Haoyu|Supervisor|Former|0|0|0|0|0|0|0|
|Chen Zhaozhen|Supervisor|Former|900|0|0|900|0|0|0|
|Dong Youmei|Senior executive|Former|226,400|0|0|226,400|0|0|0|
|Yue Zhanqiu|Senior executive|Former|220,000|0|0|220,000|0|0|0|
|Feng Qiang|Senior executive|Former|120,000|0|0|120,000|0|0|0|
|Yang Anle|Senior executive|Former|150,000|0||150,000|0|0|0|
|Tong Guanshan|Senior executive|Former|0|0|0|0|0|0|0|
|Jing Linfeng|Senior executive|Former|145,000|0|0|145,000|0|0|0|
|Total|--|--|3,469,566|0|0|3,469,566|0|0|0|

 II Changes in Directors, Supervisors and Senior Management
√ Applicable□ Not applicable
BOE Technology Group Co., Ltd. Interim Report 2019
||||||
|-|-|-|-|-|
|Name|Office title|Type of change|Date|Reason|
|Wang Dongsheng|Chairman of the Board|Leave the post|28 June 2019|Change the term of office|
|Xie Xiaoming|Vice Chairman of the Board|Leave the post|28 June 2019|Change the term of office|
|Zhao Wei|Supervisor|Leave the post|28 June 2019|Change the term of office|
|Zhuang Haoyu|Supervisor|Leave the post|28 June 2019|Change the term of office|
|Chen Zhaozhen|Supervisor|Leave the post|28 June 2019|Change the term of office|
|Miao Chuanbin|Employee supervisor|Leave the post|28 June 2019|Change the term of office|
|Dong Youmei|Senior executive|Leave the post|28 June 2019|Change the term of office|
|Yue Zhanqiu|Senior executive|Leave the post|28 June 2019|Change the term of office|
|Feng Qiang|Senior executive|Leave the post|28 June 2019|Change the term of office|
|Yang Anle|Senior executive|Leave the post|28 June 2019|Change the term of office|
|Tong Guanshan|Senior executive|Leave the post|28 June 2019|Change the term of office|
|Jing Linfeng|Senior executive|Leave the post|28 June 2019|Change the term of office|
|Chen Yanshun|Chairman of the Board|Elected|28 June 2019|Change the term of office|
|Pan Jinfeng|Vice Chairman of the Board|Elected|28 June 2019|Change the term of office|
|Liu Xiaodong|Vice Chairman of the Board|Elected|28 June 2019|Change the term of office|
|Chen Xiaobei|Supervisor|Elected|28 June 2019|Change the term of office|
|Wei Shuanglai|Supervisor|Elected|28 June 2019|Change the term of office|
|Yan Jun|Employee supervisor|Elected|28 June 2019|Change the term of office|
|Teng Jiao|Employee supervisor|Elected|28 June 2019|Change the term of office|
|Miao Chuanbin|Senior executive|Engaged|28 June 2019|Change the term of office|

BOE Technology Group Co., Ltd. Interim Report 2019 Part IX Corporate Bonds
Are there any corporate bonds publicly offered and listed on the stock exchange, which were undue before the approval date of this Report or were due but could not be redeemed in full?
No
BOE Technology Group Co., Ltd. Interim Report 2019 Part X Financial Statements
I.Auditor’s Report
Whether the interim report has been audited?
□Yes√ No
The interim report of the Company has not been audited.
II. Financial Statements
The unit of the financial statements attached: RMB
1. Consolidated Balance Sheet
Prepared by BOE Technology Group Co., Ltd.
Unit: RMB
||||
|-|-|-|
|Item|30 June 2019|31 December 2018|
|Current assets:|||
|Monetary capital|47,191,670,697.00|51,481,539,711.00|
|Settlement reserve|0.00|0.00|
|Interbank loans granted|0.00|0.00|
|Trading financial assets|3,932,990,942.00|0.00|
|Financial assets at fair value through profit or loss|0.00|0.00|
|Derivative financial assets|0.00|0.00|
|Notes receivable|140,924,135.00|656,781,577.00|
|Accounts receivable|19,267,673,050.00|19,880,680,518.00|
|Financing backed by accounts receivable|0.00|0.00|
|Prepayments|670,390,512.00|770,633,448.00|
|Premiums receivable|0.00|0.00|
|Reinsurance receivables|0.00|0.00|
|Receivable reinsurance contract reserve|0.00|0.00|
|Other receivables|662,620,903.00|2,454,174,971.00|
|Including: Interest receivable|173,298,920.00|140,597,317.00|
|Dividends receivable|4,367,120.00|3,711,768.00|
|Financial assets purchased under resale agreements|0.00|0.00|

BOE Technology Group Co., Ltd. Interim Report 2019
||||
|-|-|-|
|Inventories|14,352,489,459.00|11,985,398,172.00|
|Contract assets|0.00|0.00|
|Assets classified as held for sale|0.00|0.00|
|Current portion of non-current assets|0.00|0.00|
|Other current assets|8,311,011,893.00|12,463,073,779.00|
|Total current assets|94,529,771,591.00|99,692,282,176.00|
|Non-current assets:|||
|Loans and advances to customers|0.00|0.00|
|Investments in debt obligations|0.00|0.00|
|Available-for-sale financial assets|0.00|734,022,359.00|
|Investments in other debt obligations|0.00|0.00|
|Held-to-maturity investments|0.00|0.00|
|Long-term receivables|0.00|0.00|
|Long-term equity investments|2,625,460,926.00|2,389,166,886.00|
|Investments in other equity instruments|704,070,571.00|0.00|
|Other non-current financial assets|13,757,311.00|0.00|
|Investment property|1,261,474,153.00|1,283,867,651.00|
|Fixed assets|128,481,365,480.00|128,157,730,995.00|
|Construction in progress|71,479,480,514.00|56,423,354,887.00|
|Productive living assets|0.00|0.00|
|Oil and gas assets|0.00|0.00|
|Right-of-use assets|0.00|0.00|
|Intangible assets|6,902,908,809.00|5,937,679,394.00|
|R&D expense|0.00|0.00|
|Goodwill|904,370,509.00|904,370,509.00|
|Long-term prepaid expense|407,485,249.00|360,640,853.00|
|Deferred income tax assets|219,508,593.00|252,373,622.00|
|Other non-current assets|9,532,176,903.00|7,893,002,053.00|
|Total non-current assets|222,532,059,018.00|204,336,209,209.00|
|Total assets|317,061,830,609.00|304,028,491,385.00|
|Current liabilities:|||
|Short-term borrowings|7,719,908,693.00|5,449,954,885.00|
|Borrowings from central bank|0.00|0.00|
|Interbank loans obtained|0.00|0.00|

BOE Technology Group Co., Ltd. Interim Report 2019
||||
|-|-|-|
|Trading financial liabilities|0.00|0.00|
|Financial liabilities at fair value through profit or loss|0.00|0.00|
|Derivative financial liabilities|0.00|0.00|
|Notes payable|1,061,230,891.00|591,109,272.00|
|Accounts payable|20,563,920,823.00|22,213,956,616.00|
|Advances from customers|1,245,359,776.00|1,218,934,743.00|
|Financial assets sold under repurchase agreements|0.00|0.00|
|Customer deposits and interbank deposits|0.00|0.00|
|Payables for acting trading of securities|0.00|0.00|
|Payables for underwriting of securities|0.00|0.00|
|Payroll payable|1,318,376,546.00|2,224,931,171.00|
|Taxes payable|613,003,188.00|970,108,298.00|
|Other payables|26,202,215,431.00|22,956,979,828.00|
|Including: Interest payable|893,836,112.00|1,016,761,921.00|
|Dividends payable|10,999,707.00|23,648,778.00|
|Handling charges and commissions payable|0.00|0.00|
|Reinsurance payables|0.00|0.00|
|Contract liabilities|0.00|0.00|
|Liabilities directly associated with assets classified as held|||
||0.00|0.00|
|for sale|||
|Current portion of non-current liabilities|7,282,992,933.00|5,597,563,204.00|
|Other current liabilities|1,143,477,445.00|1,004,557,061.00|
|Total current liabilities|67,150,485,726.00|62,228,095,078.00|
|Non-current liabilities:|||
|Insurance contract reserve|0.00|0.00|
|Long-term borrowings|107,924,953,091.00|94,780,077,864.00|
|Bonds payable|309,933,489.00|10,288,666,233.00|
|Including: Preferred shares|0.00|0.00|
|Perpetual bonds|0.00|0.00|
|Lease liabilities|0.00|0.00|
|Long-term payables|1,127,696,942.00|1,416,092,239.00|
|Long-term payroll payable|0.00|0.00|
|Provisions|16,457,010.00|16,457,010.00|
|Deferred income|2,514,776,723.00|2,187,558,533.00|

BOE Technology Group Co., Ltd. Interim Report 2019
||||
|-|-|-|
|Deferred income tax liabilities|1,478,963,366.00|1,419,373,545.00|
|Other non-current liabilities|12,047,294,154.00|11,334,873,322.00|
|Total non-current liabilities|125,420,074,775.00|121,443,098,746.00|
|Total liabilities|192,570,560,501.00|183,671,193,824.00|
|Owners’ equity:|||
|Share capital|34,798,398,763.00|34,798,398,763.00|
|Other equity instruments|0.00|0.00|
|Including: Preferred shares|0.00|0.00|
|Perpetual bonds|0.00|0.00|
|Capital reserves|38,212,922,001.00|38,213,100,596.00|
|Less: Treasury stock|0.00|0.00|
|Other comprehensive income|-283,317,844.00|-125,258,252.00|
|Specific reserve|0.00|0.00|
|Surplus reserves|1,152,625,429.00|1,152,626,310.00|
|General reserve|0.00|0.00|
|Retained earnings|12,642,719,479.00|11,817,881,286.00|
|Total equity attributable to owners of the Company as the|86,523,347,828.00||
|||85,856,748,703.00|
|parent|||
|Non-controlling interests|37,967,922,280.00|34,500,548,858.00|
|Total owners’ equity|124,491,270,108.00|120,357,297,561.00|
|Total liabilities and owners’ equity|317,061,830,609.00|304,028,491,385.00|

 Legal representative: Chen Yanshun President：Liu Xiaodong
Chief Financial Officer: Sun Yun Head of financial department: Yang Xiaoping 2. Balance Sheet of the Company as the Parent
Unit: RMB
||||
|-|-|-|
|Item|30 June 2019|31 December 2018|
|Current assets:|||
|Monetary capital|1,356,771,901.00|3,829,814,050.00|
|Trading financial assets|0.00|0.00|
|Financial assets at fair value through profit or loss|0.00|0.00|
|Derivative financial assets|0.00|0.00|
|Notes receivable|0.00|1,500,000.00|
|Accounts receivable|903,440,719.00|36,952,623.00|

BOE Technology Group Co., Ltd. Interim Report 2019
||||
|-|-|-|
|Financings backed by accounts receivable|0.00|0.00|
|Prepayments|49,197,772.00|25,020,734.00|
|Other receivables|3,150,744,730.00|2,015,828,460.00|
|Including: Interest receivable|9,216,577.00|9,659,279.00|
|Dividends receivable|10,874,738.00|14,115,915.00|
|Inventories|11,166,746.00|9,289,141.00|
|Contract assets|0.00|0.00|
|Assets classified as held for sale|0.00|0.00|
|Current portion of non-current assets|200,000,000.00|450,000,000.00|
|Other current assets|21,778,708.00|47,805,096.00|
|Total current assets|5,693,100,576.00|6,416,210,104.00|
|Non-current assets:|||
|Investments in debt obligations|0.00|0.00|
|Available-for-sale financial assets|0.00|128,297,254.00|
|Investments in other debt obligations|0.00|0.00|
|Held-to-maturity investments|0.00|0.00|
|Long-term receivables|0.00|0.00|
|Long-term equity investments|147,579,422,075.00|143,499,733,485.00|
|Investments in other equity instruments|139,510,683.00|0.00|
|Other non-current financial assets|0.00|0.00|
|Investment property|285,354,375.00|290,253,475.00|
|Fixed assets|933,022,884.00|969,371,352.00|
|Construction in progress|282,856,396.00|251,314,313.00|
|Productive living assets|0.00|0.00|
|Oil and gas assets|0.00|0.00|
|Right-of-use assets|0.00|0.00|
|Intangible assets|1,527,022,834.00|514,186,496.00|
|R&D expense|0.00|0.00|
|Goodwill|0.00|0.00|
|Long-term prepaid expense|108,897,429.00|99,701,797.00|
|Deferred income tax assets|248,196,280.00|290,794,548.00|
|Other non-current assets|83,229,901.00|284,243,667.00|
|Total non-current assets|151,187,512,857.00|146,327,896,387.00|
|Total assets|156,880,613,433.00|152,744,106,491.00|

BOE Technology Group Co., Ltd. Interim Report 2019
||||
|-|-|-|
|Current liabilities:|||
|Short-term borrowings|3,440,000,000.00|1,000,000,000.00|
|Trading financial liabilities|0.00|0.00|
|Financial liabilities at fair value through profit or loss|0.00|0.00|
|Derivative financial liabilities|0.00|0.00|
|Notes payable|0.00|0.00|
|Accounts payable|88,987,036.00|35,322,286.00|
|Advances from customers|1,209,160,813.00|1,577,035,515.00|
|Contract liabilities|0.00|0.00|
|Payroll payable|110,017,256.00|201,139,261.00|
|Taxes payable|158,770,296.00|250,558,556.00|
|Other payables|6,344,295,425.00|8,209,736,090.00|
|Including: Interest payable|228,061,452.00|330,964,989.00|
|Dividends payable|6,451,171.00|6,451,171.00|
|Liabilities directly associated with assets classified as held|||
||0.00|0.00|
|for sale|||
|Current portion of non-current liabilities|2,313,400,000.00|2,590,000,000.00|
|Other current liabilities|10,134,611.00|0.00|
|Total current liabilities|13,674,765,437.00|13,863,791,708.00|
|Non-current liabilities:|||
|Long-term borrowings|34,370,830,556.00|26,520,000,000.00|
|Bonds payable|0.00|9,976,533,425.00|
|Including: Preferred shares|0.00|0.00|
|Perpetual bonds|0.00|0.00|
|Lease liabilities|0.00|0.00|
|Long-term payables|0.00|0.00|
|Long-term payroll payable|0.00|0.00|
|Provisions|0.00|0.00|
|Deferred income|5,070,274,709.00|5,523,949,841.00|
|Deferred income tax liabilities|0.00|0.00|
|Other non-current liabilities|26,613,341,917.00|20,954,104,125.00|
|Total non-current liabilities|66,054,447,182.00|62,974,587,391.00|
|Total liabilities|79,729,212,619.00|76,838,379,099.00|
|Owners’ equity:|||

BOE Technology Group Co., Ltd. Interim Report 2019
||||
|-|-|-|
|Share capital|34,798,398,763.00|34,798,398,763.00|
|Other equity instruments|0.00|0.00|
|Including: Preferred shares|0.00|0.00|
|Perpetual bonds|0.00|0.00|
|Capital reserves|37,590,966,191.00|37,590,966,191.00|
|Less: Treasury stock|0.00|0.00|
|Other comprehensive income|-99,717,652.00|-28,507,585.00|
|Specific reserve|0.00|0.00|
|Surplus reserves|1,152,625,429.00|1,152,626,310.00|
|Retained earnings|3,709,128,083.00|2,392,243,713.00|
|Total owners’ equity|77,151,400,814.00|75,905,727,392.00|
|Total liabilities and owners’ equity|156,880,613,433.00|152,744,106,491.00|

 3. Consolidated Income Statement
Unit: RMB
||||
|-|-|-|
|Item|H1 2019|H1 2018|
|1. Revenue|55,039,208,687.00|43,473,904,966.00|
|Including: Operating revenue|55,039,208,687.00|43,473,904,966.00|
|Interest income|0.00|0.00|
|Premium income|0.00|0.00|
|Handling charge and commission income|0.00|0.00|
|2. Costs and expenses|53,891,069,026.00|41,687,007,407.00|
|Including: Cost of sales|45,812,333,231.00|35,144,582,131.00|
|Interest expense|0.00|0.00|
|Handling charge and commission expense|0.00|0.00|
|Surrenders|0.00|0.00|
|Net claims paid|0.00|0.00|
|Net amount provided as insurance contract reserve|0.00|0.00|
|Expenditure on policy dividends|0.00|0.00|
|Reinsurance premium expense|0.00|0.00|
|Taxes and surcharges|424,853,407.00|302,565,754.00|
|Selling expense|1,365,287,286.00|1,294,782,594.00|
|Administrative expense|2,197,183,494.00|2,143,708,550.00|
|R&D expense|2,924,658,236.00|1,600,194,723.00|

BOE Technology Group Co., Ltd. Interim Report 2019
||||
|-|-|-|
|Finance costs|1,166,753,372.00|1,201,173,655.00|
|Including: Interest expense|1,535,561,809.00|1,427,741,240.00|
|Interest income|398,822,857.00|345,988,686.00|
|Add: Other income|1,117,952,927.00|1,904,160,159.00|
|Return on investment (“-” for loss)|13,565,371.00|166,924,013.00|
|Including: Share of profit or loss of joint ventures and|||
||-16,571,961.00|-29,578,579.00|
|associates|||
|Income from the derecognition of financial|||
||0.00|0.00|
|assets at amortized cost (“-” for loss)|||
|Foreign exchange gain (“-” for loss)|0.00|0.00|
|Net gain on exposure hedges (“-” for loss)|0.00|0.00|
|Gain on changes in fair value (“-” for loss)|55,666,155.00|0.00|
|Credit impairment loss (“-” for loss)|-20,230,445.00|0.00|
|Asset impairment loss (“-” for loss)|-598,106,867.00|-458,149,260.00|
|Asset disposal income (“-” for loss)|373,679.00|-158,511.00|
|3. Operating profit (“-” for loss)|1,717,360,481.00|3,399,673,960.00|
|Add: Non-operating income|96,343,532.00|96,641,868.00|
|Less: Non-operating expense|11,848,340.00|7,653,811.00|
|4. Profit before tax (“-” for loss)|1,801,855,673.00|3,488,662,017.00|
|Less: Income tax expense|673,775,041.00|659,568,560.00|
|5. Net profit (“-” for net loss)|1,128,080,632.00|2,829,093,457.00|
|5.1 By operating continuity|||
|5.1.1 Net profit from continuing operations (“-” for net|||
||1,128,080,632.00|2,829,093,457.00|
|loss)|||
|5.1.2 Net profit from discontinued operations (“-” for net|||
||0.00|0.00|
|loss)|||
|5.2 By ownership|||
|5.2.1 Net profit attributable to owners of the Company as|1,668,448,449.00||
|||2,975,206,500.00|
|the parent|||
|5.2.1 Net profit attributable to non-controlling interests|-540,367,817.00|-146,113,043.00|
|6. Other comprehensive income, net of tax|48,896,505.00|-223,269,396.00|
|Attributable to owners of the Company as the parent|48,131,789.00|-238,286,517.00|
|6.1 Items that will not be reclassified to profit or loss|-23,607,052.00|0.00|
|6.1.1 Changes caused by remeasurements on defined|||
||0.00|0.00|
|benefit pension schemes|||
|6.1.2 Other comprehensive income that will not be|0.00|0.00|

BOE Technology Group Co., Ltd. Interim Report 2019
||||
|-|-|-|
|reclassified to profit or loss under the equity method|||
|6.1.3 Changes in the fair value of investments in other|||
||-23,607,052.00|0.00|
|equity instruments|||
|6.1.4 Changes in the fair value of the company’s credit|||
||0.00|0.00|
|risks|||
|6.1.5 Other|0.00|0.00|
|6.2 Items that will be reclassified to profit or loss|71,738,841.00|-238,286,517.00|
|6.2.1 Other comprehensive income that will be|||
||175,359,777.00|0.00|
|reclassified to profit or loss under the equity method|||
|6.2.2 Changes in the fair value of investments in other|||
||0.00|0.00|
|debt obligations|||
|6.2.3 Gain/Loss on changes in the fair value of|||
||0.00|-91,055,052.00|
|available-for-sale financial assets|||
|6.2.4 Other comprehensive income arising from the|||
||0.00|0.00|
|reclassification of financial assets|||
|6.2.5 Gain/Loss arising from the reclassification of|||
|held-to-maturity investments to available-for-sale financial|0.00|0.00|
|assets|||
|6.2.6 Allowance for credit impairments in investments in|||
||0.00|0.00|
|other debt obligations|||
|6.2.7 Reserve for cash flow hedges|0.00|0.00|
|6.2.8 Differences arising from the translation of foreign|||
||-103,620,936.00|-147,231,465.00|
|currency-denominated financial statements|||
|6.2.9 Other|0.00|0.00|
|Attributable to non-controlling interests|764,716.00|15,017,121.00|
|7. Total comprehensive income|1,176,977,137.00|2,605,824,061.00|
|Attributable to owners of the Company as the parent|1,716,580,238.00|2,736,919,983.00|
|Attributable to non-controlling interests|-539,603,101.00|-131,095,922.00|
|8. Earnings per share|||
|8.1 Basic earnings per share|0.048|0.085|
|8.2 Diluted earnings per share|0.048|0.085|

 Where business mergers under the same control occurred in the Reporting Period, the net profit achieved by the merged parties before the business mergers was RMB0.00, with the corresponding amount for the last period being RMB 0.00.
Legal representative: Chen Yanshun President：Liu Xiaodong
Chief Financial Officer: Sun Yun Head of financial department: Yang Xiaoping
BOE Technology Group Co., Ltd. Interim Report 2019 4. Income Statement of the Company as the Parent
Unit: RMB
||||
|-|-|-|
|Item|H1 2019|H1 2018|
|1. Operating revenue|2,889,695,832.00|2,146,860,956.00|
|Less: Cost of sales|9,226,588.00|12,786,733.00|
|Taxes and surcharges|18,763,125.00|24,031,851.00|
|Selling expense|0.00|433,606.00|
|Administrative expense|303,106,493.00|326,721,457.00|
|R&D expense|933,795,965.00|493,551,654.00|
|Finance costs|489,514,994.00|378,937,888.00|
|Including: Interest expense|504,784,910.00|400,036,107.00|
|Interest income|18,361,098.00|20,910,083.00|
|Add: Other income|467,980,287.00|532,427,665.00|
|Return on investment (“-” for loss)|792,194,279.00|884,469,030.00|
|Including: Share of profit or loss of joint ventures and|||
||-16,519,688.00|-17,602,562.00|
|associates|||
|Income from the derecognition of financial assets at|||
||0.00|0.00|
|amortized cost (“-” for loss)|||
|Net gain on exposure hedges (“-” for loss)|0.00|0.00|
|Gain on changes in fair value (“-” for loss)|0.00|0.00|
|Credit impairment loss (“-” for loss)|-7,044,401.00|0.00|
|Asset impairment loss (“-” for loss)|0.00|0.00|
|Asset disposal income (“-” for loss)|0.00|0.00|
|2. Operating profit (“-” for loss)|2,388,418,832.00|2,327,294,462.00|
|Add: Non-operating income|2,447,285.00|3,317,848.00|
|Less: Non-operating expense|849,038.00|576,343.00|
|3. Profit before tax (“-” for loss)|2,390,017,079.00|2,330,035,967.00|
|Less: Income tax expense|285,273,969.00|214,413,263.00|
|4. Net profit (“-” for net loss)|2,104,743,110.00|2,115,622,704.00|
|4.1 Net profit from continuing operations (“-” for net loss)|2,104,743,110.00|2,115,622,704.00|
|4.2 Net profit from discontinued operations (“-” for net loss)|0.00|0.00|
|5. Other comprehensive income, net of tax|184,891,191.00|-34,867,001.00|
|5.1 Items that will not be reclassified to profit or loss|9,531,414.00|0.00|
|5.1.1 Changes caused by remeasurements on defined benefit|0.00|0.00|

BOE Technology Group Co., Ltd. Interim Report 2019
||||
|-|-|-|
|pension schemes|||
|5.1.2 Other comprehensive income that will not be reclassified|||
||0.00|0.00|
|to profit or loss under the equity method|||
|5.1.3 Changes in the fair value of investments in other equity|||
||9,531,414.00|0.00|
|instruments|||
|5.1.4 Changes in the fair value of the company’s credit risks|0.00|0.00|
|5.1.5 Other|0.00|0.00|
|5.2 Items that will be reclassified to profit or loss|175,359,777.00|-34,867,001.00|
|5.2.1 Other comprehensive income that will be reclassified to|||
||175,359,777.00|0.00|
|profit or loss under the equity method|||
|5.2.2 Changes in the fair value of investments in other debt|||
||0.00|0.00|
|obligations|||
|5.2.3 Gain/Loss on changes in the fair value of|||
||0.00|-34,867,001.00|
|available-for-sale financial assets|||
|5.2.4 Other comprehensive income arising from the|||
||0.00|0.00|
|reclassification of financial assets|||
|5.2.5 Gain/Loss arising from the reclassification of|||
|held-to-maturity investments to available-for-sale financial|0.00|0.00|
|assets|||
|5.2.6 Allowance for credit impairments in investments in other|||
||0.00|0.00|
|debt obligations|||
|5.2.7 Reserve for cash flow hedges|0.00|0.00|
|5.2.8 Differences arising from the translation of foreign|||
||0.00|0.00|
|currency-denominated financial statements|||
|5.2.9 Other|0.00|0.00|
|6. Total comprehensive income|2,289,634,301.00|2,080,755,703.00|
|7. Earnings per share|||
|7.1 Basic earnings per share|0.060|0.061|
|7.2 Diluted earnings per share|0.060|0.061|

 5. Consolidated Cash Flow Statement
Unit: RMB
||||
|-|-|-|
|Item|H1 2019|H1 2018|
|1. Cash flows from operating activities:|||
|Proceeds from sale of commodities and rendering of services|65,478,619,218.00|46,922,249,284.00|
|Net increase in customer deposits and interbank deposits|0.00|0.00|

BOE Technology Group Co., Ltd. Interim Report 2019
||||
|-|-|-|
|Net increase in borrowings from central bank|0.00|0.00|
|Net increase in loans from other financial institutions|0.00|0.00|
|Premiums received on original insurance contracts|0.00|0.00|
|Net proceeds from reinsurance|0.00|0.00|
|Net increase in deposits and investments of policy holders|0.00|0.00|
|Interest, handling charges and commissions received|0.00|0.00|
|Net increase in interbank loans obtained|0.00|0.00|
|Net increase in proceeds from repurchase transactions|0.00|0.00|
|Net proceeds for acting trading of securities|0.00|0.00|
|Tax rebates|4,153,126,609.00|3,252,910,154.00|
|Cash generated from other operating activities|4,211,734,116.00|3,031,879,238.00|
|Subtotal of cash generated from operating activities|73,843,479,943.00|53,207,038,676.00|
|Payments for commodities and services|50,374,068,234.00|31,789,388,744.00|
|Net increase in loans and advances to customers|0.00|0.00|
|Net increase in deposits in central bank and in interbank|||
||0.00|0.00|
|loans granted|||
|Payments for claims on original insurance contracts|0.00|0.00|
|Net increase in financial assets held for trading|0.00|0.00|
|Net increase in interbank loans granted|0.00|0.00|
|Interest, handling charges and commissions paid|0.00|0.00|
|Policy dividends paid|0.00|0.00|
|Cash paid to and for employees|5,573,637,042.00|5,206,850,022.00|
|Taxes paid|2,198,469,763.00|1,826,914,249.00|
|Cash used in other operating activities|4,102,320,555.00|2,802,378,487.00|
|Subtotal of cash used in operating activities|62,248,495,594.00|41,625,531,502.00|
|Net cash generated from/used in operating activities|11,594,984,349.00|11,581,507,174.00|
|2. Cash flows from investing activities:|||
|Proceeds from disinvestment|18,789,102,436.00|42,727,697,470.00|
|Return on investment|151,529,241.00|225,460,451.00|
|Net proceeds from the disposal of fixed assets, intangible|||
||355,478,346.00|6,071,367.00|
|assets and other long-lived assets|||
|Net proceeds from the disposal of subsidiaries and other|||
||0.00|0.00|
|business units|||
|Cash generated from other investing activities|108,292,744.00|3,878,193,685.00|
|Subtotal of cash generated from investing activities|19,404,402,767.00|46,837,422,973.00|

BOE Technology Group Co., Ltd. Interim Report 2019
||||
|-|-|-|
|Payments for the acquisition of fixed assets, intangible assets|25,040,541,960.00||
|||22,369,952,658.00|
|and other long-lived assets|||
|Payments for investments|15,917,595,394.00|46,687,262,053.00|
|Net increase in pledged loans granted|0.00|0.00|
|Net payments for the acquisition of subsidiaries and other|||
||0.00|0.00|
|business units|||
|Cash used in other investing activities|56,414,722.00|1,729,746,759.00|
|Subtotal of cash used in investing activities|41,014,552,076.00|70,786,961,470.00|
|Net cash generated from/used in investing activities|-21,610,149,309.00|-23,949,538,497.00|
|3. Cash flows from financing activities:|||
|Capital contributions received|4,049,510,000.00|4,211,130,000.00|
|Including: Capital contributions by non-controlling interests to|||
||4,049,510,000.00|4,211,130,000.00|
|subsidiaries|||
|Borrowings obtained|27,379,807,336.00|16,019,313,696.00|
|Net proceeds from issuance of bonds|0.00|0.00|
|Cash generated from other financing activities|133,415,725.00|1,736,188,263.00|
|Subtotal of cash generated from financing activities|31,562,733,061.00|21,966,631,959.00|
|Repayments of borrowings|20,994,050,384.00|9,708,459,433.00|
|Payments for interest and dividends|3,614,070,682.00|3,920,842,959.00|
|Including: Dividends paid by subsidiaries to non-controlling|||
||36,394,420.00|0.00|
|interests|||
|Cash used in other financing activities|73,504,151.00|188,678,823.00|
|Subtotal of cash used in financing activities|24,681,625,217.00|13,817,981,215.00|
|Net cash generated from/used in financing activities|6,881,107,844.00|8,148,650,744.00|
|4. Effect of foreign exchange rate changes on cash and cash|26,694,157.00||
|||-603,907,413.00|
|equivalents|||
|5. Net increase in cash and cash equivalents|-3,107,362,959.00|-4,823,287,992.00|
|Add: Cash and cash equivalents, beginning of the period|43,350,696,520.00|47,913,287,583.00|
|6. Cash and cash equivalents, end of the period|40,243,333,561.00|43,089,999,591.00|

 6. Cash Flow Statement of the Company as the Parent
Unit: RMB
||||
|-|-|-|
|Item|H1 2019|H1 2018|
|1. Cash flows from operating activities:|||
|Proceeds from sale of commodities and rendering of services|2,957,952,087.00|3,175,402,626.00|

BOE Technology Group Co., Ltd. Interim Report 2019
||||
|-|-|-|
|Tax rebates|0.00|2,294,981.00|
|Cash generated from other operating activities|152,224,777.00|431,273,788.00|
|Subtotal of cash generated from operating activities|3,110,176,864.00|3,608,971,395.00|
|Payments for commodities and services|2,289,301,920.00|242,669,705.00|
|Cash paid to and for employees|641,963,448.00|495,217,910.00|
|Taxes paid|474,699,572.00|388,375,276.00|
|Cash used in other operating activities|289,787,986.00|49,861,076.00|
|Subtotal of cash used in operating activities|3,695,752,926.00|1,176,123,967.00|
|Net cash generated from/used in operating activities|-585,576,062.00|2,432,847,428.00|
|2. Cash flows from investing activities:|||
|Proceeds from disinvestment|306,360,000.00|506,475,341.00|
|Return on investment|545,676,646.00|614,938,715.00|
|Net proceeds from the disposal of fixed assets, intangible|||
||140.00|5,330.00|
|assets and other long-lived assets|||
|Net proceeds from the disposal of subsidiaries and other|||
||0.00|0.00|
|business units|||
|Cash generated from other investing activities|491,043,184.00|3,464,350,013.00|
|Subtotal of cash generated from investing activities|1,343,079,970.00|4,585,769,399.00|
|Payments for the acquisition of fixed assets, intangible assets|||
||860,127,202.00|139,310,504.00|
|and other long-lived assets|||
|Payments for investments|3,960,930,200.00|9,916,742,439.00|
|Net payments for the acquisition of subsidiaries and other|||
||0.00|0.00|
|business units|||
|Cash used in other investing activities|2,317,216,289.00|200,000,000.00|
|Subtotal of cash used in investing activities|7,138,273,691.00|10,256,052,943.00|
|Net cash generated from/used in investing activities|-5,795,193,721.00|-5,670,283,544.00|
|3. Cash flows from financing activities:|||
|Capital contributions received|0.00|0.00|
|Borrowings obtained|12,504,230,556.00|3,567,000,000.00|
|Net proceeds from the issuance of bonds|0.00|0.00|
|Cash generated from other financing activities|3,967,183,652.00|7,306,322,534.00|
|Subtotal of cash generated from financing activities|16,471,414,208.00|10,873,322,534.00|
|Repayments of borrowings|10,890,000,000.00|3,882,732,992.00|
|Payments for interest and dividends|1,658,259,754.00|2,224,217,165.00|
|Cash used in other financing activities|1,796,768.00|700,000,000.00|

BOE Technology Group Co., Ltd. Interim Report 2019
||||
|-|-|-|
|Subtotal of cash used in financing activities|12,550,056,522.00|6,806,950,157.00|
|Net cash generated from/used in financing activities|3,921,357,686.00|4,066,372,377.00|
|4. Effect of foreign exchange rate changes on cash and cash|||
||-13,630,052.00|43,102,003.00|
|equivalents|||
|5. Net increase in cash and cash equivalents|-2,473,042,149.00|872,038,264.00|
|Add: Cash and cash equivalents, beginning of the period|3,829,814,050.00|2,990,801,501.00|
|6. Cash and cash equivalents, end of the period|1,356,771,901.00|3,862,839,765.00|

BOE Technology Group Co., Ltd. Interim Report 2019 7. Consolidated Statements of Changes inOwners’ Equity
H1 2019
Unit: RMB
|||||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
||H1 2019|||||||||||||||
||Equity attributable to owners of the Company as the parent|||||||||||||||
|Item||Other equity instruments||||Less:|Other|||Genera||||Non-controlling||
|||||||||Specific|||||||Total owners’ equity|
||Share capital|Preferred|Perpetua||Capital reserves|Treasur|comprehensive||Surplus reserves|l|Retained earnings|Other|Subtotal|interests||
|||||Other||||reserve||||||||
|||shares|l bonds|||y stock|income|||reserve||||||
|1. Balances as||||||||||||||||
||||||38,213,100,596.0||-125,258,252.0|||||||||
|at the end of|34,798,398,763.00|0.00|0.00|0.00||0.00||0.00|1,152,626,310.00|0.00|11,817,881,286.00|0.00|85,856,748,703.00|34,500,548,858.00|120,357,297,561.00|
||||||0||0|||||||||
|the prior year||||||||||||||||
|Add:||||||||||||||||
|Adjustments||||||||||||||||
||||||||-206,191,381.0|||||||||
|for changed|0.00|0.00|0.00|0.00|0.00|0.00||0.00|-881.00|0.00|200,341,707.00|0.00|-5,850,555.00|-1,223,107.00|-7,073,662.00|
||||||||0|||||||||
|accounting||||||||||||||||
|policies||||||||||||||||
|Adjustments||||||||||||||||
|for corrections|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|of previous||||||||||||||||
|errors||||||||||||||||
|Adjustments||||||||||||||||
|for business||||||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|combinations||||||||||||||||
|under||||||||||||||||
|common||||||||||||||||

BOE Technology Group Co., Ltd. Interim Report 2019
|||||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
|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|0.00|0.00|
|adjustments||||||||||||||||
|2. Balances as||||||||||||||||
|at the|||||38,213,100,596.0||-331,449,633.0|||||||||
||34,798,398,763.00|0.00|0.00|0.00||0.00||0.00|1,152,625,429.00|0.00|12,018,222,993.00|0.00|85,850,898,148.00|34,499,325,751.00|120,350,223,899.00|
|beginning of|||||0||0|||||||||
|the year||||||||||||||||
|3. Increase/||||||||||||||||
|decrease in|||||||48,131,789.0|||||||||
||0.00|0.00|0.00|0.00|-178,595.00|0.00||0.00|0.00|0.00|624,496,486.00|0.00|672,449,680.00|3,468,596,529.00|4,141,046,209.00|
|the period (“-”|||||||0|||||||||
|for decrease)||||||||||||||||
|3.1 Total||||||||||||||||
||||||||48,131,789.0||||1,668,448,449.0|||||
|comprehensiv|0.00|0.00|0.00|0.00|0.00|0.00||0.00|0.00|0.00||0.00|1,716,580,238.00|-539,603,101.00|1,176,977,137.00|
||||||||0||||0|||||
|e income||||||||||||||||
|3.2 Capital||||||||||||||||
|increased and||||||||||||||||
||0.00|0.00|0.00|0.00|-178,595.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|-178,595.00|4,011,048,595.00|4,010,870,000.00|
|reduced by||||||||||||||||
|owners||||||||||||||||
|3.2.1 Ordinary||||||||||||||||
|shares||||||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|increased by||||||||||||||||
|shareholders||||||||||||||||

BOE Technology Group Co., Ltd. Interim Report 2019
|||||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
|3.2.2 Capital||||||||||||||||
|increased by||||||||||||||||
|holders 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|0.00|0.00|
|other equity||||||||||||||||
|instruments||||||||||||||||
|3.2.3||||||||||||||||
|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|0.00|0.00|0.00|0.00|
|included in||||||||||||||||
|owners’||||||||||||||||
|equity||||||||||||||||
|3.2.4 Other|0.00|0.00|0.00|0.00|-178,595.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|-178,595.00|4,011,048,595.00|4,010,870,000.00|
|3.3 Profit||||||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|-1,043,951,963.00|0.00|-1,043,951,963.00|-2,848,965.00|-1,046,800,928.00|
|distribution||||||||||||||||
|3.3.1||||||||||||||||
|Appropriation||||||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|to surplus||||||||||||||||
|reserves||||||||||||||||
|3.3.2||||||||||||||||
|Appropriation||||||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|to general||||||||||||||||
|reserve||||||||||||||||
|3.3.3||||||||||||||||
|Appropriation||||||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|-1,043,951,963.00|0.00|-1,043,951,963.00|-2,848,965.00|-1,046,800,928.00|
|to owners (or||||||||||||||||
|shareholders)||||||||||||||||
|3.3.4||||||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|Other||||||||||||||||

BOE Technology Group Co., Ltd. Interim Report 2019
|||||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
|3.4||||||||||||||||
|Transfers||||||||||||||||
|within|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|owners’||||||||||||||||
|equity||||||||||||||||
|3.4.1||||||||||||||||
|Increase in||||||||||||||||
|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|0.00|0.00|
|share capital)||||||||||||||||
|from capital||||||||||||||||
|reserves||||||||||||||||
|3.4.2||||||||||||||||
|Increase in||||||||||||||||
|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|0.00|0.00|
|share capital)||||||||||||||||
|from surplus||||||||||||||||
|reserves||||||||||||||||
|3.4.3||||||||||||||||
|Loss offset by||||||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|surplus||||||||||||||||
|reserves||||||||||||||||

BOE Technology Group Co., Ltd. Interim Report 2019
|||||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
|3.4.4||||||||||||||||
|Changes in||||||||||||||||
|defined||||||||||||||||
|benefit||||||||||||||||
|pension|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|schemes||||||||||||||||
|transferred to||||||||||||||||
|retained||||||||||||||||
|earnings||||||||||||||||
|3.4.5||||||||||||||||
|Other||||||||||||||||
|comprehensiv||||||||||||||||
|e income|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|transferred to||||||||||||||||
|retained||||||||||||||||
|earnings||||||||||||||||
|3.4.6||||||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|Other||||||||||||||||
|3.5 Specific||||||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|reserve||||||||||||||||
|3.5.1||||||||||||||||
|Increase in the|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|period||||||||||||||||
|3.5.2||||||||||||||||
|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|0.00|0.00|
|period||||||||||||||||
|3.6 Other|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|

BOE Technology Group Co., Ltd. Interim Report 2019
|||||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
|4. Balances as|||||38,212,922,001.00||-283,317,844.00||||||||124,491,270,108.00|
||||||||||||||86,523,347,828.0|37,967,922,280.00||
|at the end of|34,798,398,763.00|0.00|0.00|0.00||0.00||0.00|1,152,625,429.00|0.00|12,642,719,479.00|0.00||||
||||||||||||||0|||
|the period||||||||||||||||

H1 2018
Unit: RMB
|||||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
||H1 2018|||||||||||||||
||Equity attributable to owners of the Company as the parent|||||||||||||||
|||Other equity||||||||||||||
|||||||Less:||||||||||
|Item||instruments|||||Other|||||||Non-controlling||
|||||||Treasu||Specific||General|||||Total owners’ equity|
||Share capital|Preferr|||Capital reserves||comprehensive||Surplus reserves||Retained earnings|Other|Subtotal|interests||
||||Perpetual|||ry||reserve||reserve||||||
|||ed||Other|||income|||||||||
||||bonds|||stock||||||||||
|||shares||||||||||||||
|1. Balances as||||||||||||||||
|at the end of|34,798,398,763.00|0.00|0.00|0.00|38,585,515,122.00|0.00|150,602,933.00|0.00|889,640,475.00|0.00|10,385,659,084.00|0.00|84,809,816,377.00|19,474,446,456.00|104,284,262,833.00|
|the prior year||||||||||||||||
|Add:||||||||||||||||
|Adjustments||||||||||||||||
|for changed|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|accounting||||||||||||||||
|policies||||||||||||||||
|Adjustments||||||||||||||||
|for corrections||||||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|of previous||||||||||||||||
|errors||||||||||||||||
|Adjustments||||||||||||||||
|for business|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|combinations||||||||||||||||

BOE Technology Group Co., Ltd. Interim Report 2019
|||||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
|under common||||||||||||||||
|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|0.00|0.00|
|adjustments||||||||||||||||
|2. Balances as||||||||||||||||
|at the||||||||||||||||
||34,798,398,763.00|0.00|0.00|0.00|38,585,515,122.00|0.00|150,602,933.00|0.00|889,640,475.00|0.00|10,385,659,084.00|0.00|84,809,816,377.00|19,474,446,456.00|104,284,262,833.00|
|beginning of||||||||||||||||
|the year||||||||||||||||
|3. Increase/||||||||||||||||
|decrease in the||||||||||||||||
||0.00|0.00|0.00|0.00|-340,753,766.00|0.00|-238,286,517.00|0.00|0.00|0.00|1,234,416,621.00|0.00|655,376,338.00|7,454,228,908.00|8,109,605,246.00|
|period (“-” for||||||||||||||||
|decrease)||||||||||||||||
|3.1 Total||||||||||||||||
|comprehensive|0.00|0.00|0.00|0.00|0.00|0.00|-238,286,517.00|0.00|0.00|0.00|2,975,206,500.00|0.00|2,736,919,983.00|-131,095,922.00|2,605,824,061.00|
|income||||||||||||||||
|3.2 Capital||||||||||||||||
|increased and||||||||||||||||
||0.00|0.00|0.00|0.00|-343,178,364.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|-343,178,364.00|7,588,004,608.00|7,244,826,244.00|
|reduced by||||||||||||||||
|owners||||||||||||||||
|3.2.1 Ordinary||||||||||||||||
|shares||||||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|increased by||||||||||||||||
|shareholders||||||||||||||||
|3.2.2 Capital||||||||||||||||
|increased by||||||||||||||||
|holders 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|0.00|0.00|
|other equity||||||||||||||||
|instruments||||||||||||||||

BOE Technology Group Co., Ltd. Interim Report 2019
|||||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
|3.2.3||||||||||||||||
|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|0.00|0.00|0.00|0.00|
|included in||||||||||||||||
|owners’ equity||||||||||||||||
|3.2.4 Other|0.00|0.00|0.00|0.00|-343,178,364.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|-343,178,364.00|7,588,004,608.00|7,244,826,244.00|
|3.3 Profit||||||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|-1,740,789,879.00|0.00|-1,740,789,879.00|-2,679,778.00|-1,743,469,657.00|
|distribution||||||||||||||||
|3.3.1||||||||||||||||
|Appropriation||||||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|to surplus||||||||||||||||
|reserves||||||||||||||||
|3.3.2||||||||||||||||
|Appropriation||||||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|to general||||||||||||||||
|reserve||||||||||||||||
|3.3.3||||||||||||||||
|Appropriation||||||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|-1,740,789,879.00|0.00|-1,740,789,879.00|-2,679,778.00|-1,743,469,657.00|
|to owners (or||||||||||||||||
|shareholders)||||||||||||||||
|3.3.4||||||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|Other||||||||||||||||
|3.4||||||||||||||||
|Transfers||||||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|within owners’||||||||||||||||
|equity||||||||||||||||
|3.4.1||||||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|Increase in||||||||||||||||

BOE Technology Group Co., Ltd. Interim Report 2019
|||||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
|capital (or||||||||||||||||
|share capital)||||||||||||||||
|from capital||||||||||||||||
|reserves||||||||||||||||
|3.4.2||||||||||||||||
|Increase in||||||||||||||||
|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|0.00|0.00|
|share capital)||||||||||||||||
|from surplus||||||||||||||||
|reserves||||||||||||||||
|3.4.3||||||||||||||||
|Loss offset by||||||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|surplus||||||||||||||||
|reserves||||||||||||||||
|3.4.4||||||||||||||||
|Changes in||||||||||||||||
|defined benefit||||||||||||||||
|pension||||||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|schemes||||||||||||||||
|transferred to||||||||||||||||
|retained||||||||||||||||
|earnings||||||||||||||||
|3.4.5||||||||||||||||
|Other||||||||||||||||
|comprehensive||||||||||||||||
|income|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|transferred to||||||||||||||||
|retained||||||||||||||||
|earnings||||||||||||||||

BOE Technology Group Co., Ltd. Interim Report 2019
|||||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
|3.4.6||||||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|Other||||||||||||||||
|3.5 Specific||||||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|reserve||||||||||||||||
|3.5.1||||||||||||||||
|Increase in the|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|period||||||||||||||||
|3.5.2||||||||||||||||
|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|0.00|0.00|
|period||||||||||||||||
|3.6 Other|0.00|0.00|0.00|0.00|2,424,598.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|2,424,598.00|0.00|2,424,598.00|
|4. Balances as||||||||||||||||
|at the end of|34,798,398,763.00|0.00|0.00|0.00|38,244,761,356.00|0.00|-87,683,584.00|0.00|889,640,475.00|0.00|11,620,075,705.00|0.00|85,465,192,715.00|26,928,675,364.00|112,393,868,079.00|
|the period||||||||||||||||

8. Statements of Changes inOwners’ Equity of the Company as the Parent
H1 2019
Unit: RMB
||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|
||H1 2019||||||||||||
|||Other equity instruments||||Less:|Other||||||
|Item||||||||Specific|||||
||Share capital|Preferred|Perpetualbonds||Capital reserves|Treasury|comprehensive||Surplus reserves|Retained earnings|Other|Total owners’ equity|
|||||Other||||reserve|||||
|||shares||||stock|income||||||
|1. Balances as|||||||||||||
|at the end of|34,798,398,763.00|0.00|0.00|0.00|37,590,966,191.00|0.00|-28,507,585.00|0.00|1,152,626,310.00|2,392,243,713.00|0.00|75,905,727,392.00|
|the prior year|||||||||||||
|Add:|0.00|0.00|0.00|0.00|0.00|0.00|-256,101,258.00|0.00|-881.00|256,093,223.00|0.00|-8,916.00|

BOE Technology Group Co., Ltd. Interim Report 2019
||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|
|Adjustments|||||||||||||
|for changed|||||||||||||
|accounting|||||||||||||
|policies|||||||||||||
|Adjustments|||||||||||||
|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|
|corrections of|||||||||||||
|previous|||||||||||||
|errors|||||||||||||
|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|
|adjustments|||||||||||||
|2. Balances as|||||||||||||
|at the|||||||||||||
||34,798,398,763.00|0.00|0.00|0.00|37,590,966,191.00|0.00|-284,608,843.00|0.00|1,152,625,429.00|2,648,336,936.00|0.00|75,905,718,476.00|
|beginning of|||||||||||||
|the year|||||||||||||
|3. Increase/|||||||||||||
|decrease in|||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|184,891,191.00|0.00|0.00|1,060,791,147.00|0.00|1,245,682,338.00|
|the period (“-”|||||||||||||
|for decrease)|||||||||||||
|3.1 Total|||||||||||||
|comprehensiv|0.00|0.00|0.00|0.00|0.00|0.00|184,891,191.00|0.00|0.00|2,104,743,110.00|0.00|2,289,634,301.00|
|e income|||||||||||||
|3.2 Capital|||||||||||||
|increased and|||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|reduced by|||||||||||||
|owners|||||||||||||

BOE Technology Group Co., Ltd. Interim Report 2019
||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|
|3.2.1|||||||||||||
|Ordinary|||||||||||||
|shares|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|increased by|||||||||||||
|shareholders|||||||||||||
|3.2.2 Capital|||||||||||||
|increased by|||||||||||||
|holders 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|
|other equity|||||||||||||
|instruments|||||||||||||
|3.2.3|||||||||||||
|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|0.00|
|included in|||||||||||||
|owners’|||||||||||||
|equity|||||||||||||
|3.2.4 Other|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|3.3 Profit|||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|-1,043,951,963.00|0.00|-1,043,951,963.00|
|distribution|||||||||||||
|3.3.1|||||||||||||
|Appropriation|||||||||||||
||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 surplus|||||||||||||
|reserves|||||||||||||
|3.3.2|||||||||||||
|Appropriation|||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|-1,043,951,963.00|0.00|-1,043,951,963.00|
|to owners (or|||||||||||||
|shareholders)|||||||||||||
|3.3.3|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|

BOE Technology Group Co., Ltd. Interim Report 2019
||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|
|Other|||||||||||||
|3.4|||||||||||||
|Transfers|||||||||||||
|within|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|owners’|||||||||||||
|equity|||||||||||||
|3.4.1|||||||||||||
|Increase in|||||||||||||
|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|
|share capital)|||||||||||||
|from capital|||||||||||||
|reserves|||||||||||||
|3.4.2|||||||||||||
|Increase in|||||||||||||
|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|
|share capital)|||||||||||||
|from surplus|||||||||||||
|reserves|||||||||||||
|3.4.3|||||||||||||
|Loss offset by|||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|surplus|||||||||||||
|reserves|||||||||||||
|3.4.4|||||||||||||
|Changes in|||||||||||||
|defined|||||||||||||
|benefit|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|pension|||||||||||||
|schemes|||||||||||||
|transferred to|||||||||||||

BOE Technology Group Co., Ltd. Interim Report 2019
||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|
|retained|||||||||||||
|earnings|||||||||||||
|3.4.5|||||||||||||
|Other|||||||||||||
|comprehensiv|||||||||||||
|e income|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|transferred to|||||||||||||
|retained|||||||||||||
|earnings|||||||||||||
|3.4.6|||||||||||||
||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|||||||||||||
|3.5 Specific|||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|reserve|||||||||||||
|3.5.1|||||||||||||
|Increase 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|
|period|||||||||||||
|3.5.2|||||||||||||
|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|
|period|||||||||||||
|3.6 Other|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|4. Balances as||||||||||||77,151,400,814.00|
|at the end of|34,798,398,763.00|0.00|0.00|0.00|37,590,966,191.00|0.00|-99,717,652.00|0.00|1,152,625,429.00|3,709,128,083.00|0.00||
|the period|||||||||||||

H1 2018
Unit: RMB
BOE Technology Group Co., Ltd. Interim Report 2019
||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|
||H1 2018||||||||||||
|||Other equity|||||||||||
|||instruments|||||||||||
|||||||Less:|||||||
|Item||Prefe|||||Other comprehensive|Specific|||||
||Share capital||Perpetu||Capital reserves|Treasury|||Surplus reserves|Retained earnings|Other|Total owners’ equity|
|||rred|||||income|reserve|||||
||||al|Other||stock|||||||
|||share|||||||||||
||||bonds||||||||||
|||s|||||||||||
|1. Balances as at|||||||||||||
|the end of the|34,798,398,763.00|0.00|0.00|0.00|37,588,541,593.00|0.00|192,097,489.00|0.00|889,640,475.00|1,765,291,136.00|0.00|75,233,969,456.00|
|prior year|||||||||||||
|Add: Adjustments|||||||||||||
|for changed|||||||||||||
||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|||||||||||||
|policies|||||||||||||
|Adjustments for|||||||||||||
|corrections 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|
|previous errors|||||||||||||
|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|
|adjustments|||||||||||||
|2. Balances as at|||||||||||||
|the beginning of|34,798,398,763.00|0.00|0.00|0.00|37,588,541,593.00|0.00|192,097,489.00|0.00|889,640,475.00|1,765,291,136.00|0.00|75,233,969,456.00|
|the year|||||||||||||
|3. Increase/|||||||||||||
|decrease in the|||||||||||||
||0.00|0.00|0.00|0.00|2,424,598.00|0.00|-34,867,001.00|0.00|0.00|374,832,825.00|0.00|342,390,422.00|
|period (“-” for|||||||||||||
|decrease)|||||||||||||
|3.1 Total|0.00|0.00|0.00|0.00|0.00|0.00|-34,867,001.00|0.00|0.00|2,115,622,704.00|0.00|2,080,755,703.00|

BOE Technology Group Co., Ltd. Interim Report 2019
||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|
|comprehensive|||||||||||||
|income|||||||||||||
|3.2 Capital|||||||||||||
|increased and|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|reduced by owners|||||||||||||
|3.2.1 Ordinary|||||||||||||
|shares increased|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|by shareholders|||||||||||||
|3.2.2 Capital|||||||||||||
|increased by|||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|holders of other|||||||||||||
|equity instruments|||||||||||||
|3.2.3 Share-based|||||||||||||
|payments included|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|in owners’ equity|||||||||||||
|3.2.4 Other|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|3.3 Profit|||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|-1,740,789,879.00|0.00|-1,740,789,879.00|
|distribution|||||||||||||
|3.3.1|||||||||||||
|Appropriation to|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|surplus reserves|||||||||||||
|3.3.2|||||||||||||
|Appropriation to|||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|-1,740,789,879.00|0.00|-1,740,789,879.00|
|owners (or|||||||||||||
|shareholders)|||||||||||||

BOE Technology Group Co., Ltd. Interim Report 2019
||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|
|3.3.3 Other|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|3.4 Transfers|||||||||||||
|within owners’|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|equity|||||||||||||
|3.4.1|||||||||||||
|Increase in 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|0.00|
|from capital|||||||||||||
|reserves|||||||||||||
|3.4.2|||||||||||||
|Increase in 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|0.00|
|from surplus|||||||||||||
|reserves|||||||||||||
|3.4.3 Loss|||||||||||||
|offset by surplus|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|reserves|||||||||||||
|3.4.4|||||||||||||
|Changes in|||||||||||||
|defined benefit|||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|pension schemes|||||||||||||
|transferred to|||||||||||||
|retained earnings|||||||||||||
|3.4.5 Other|||||||||||||
|comprehensive|||||||||||||
|income transferred|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 retained|||||||||||||
|earnings|||||||||||||

BOE Technology Group Co., Ltd. Interim Report 2019
||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|
|3.4.6 Other|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|3.5 Specific|||||||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|reserve|||||||||||||
|3.5.1|||||||||||||
|Increase in the|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|||||||||||||
|3.5.2 Used 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|
|the period|||||||||||||
|3.6 Other|0.00|0.00|0.00|0.00|2,424,598.00|0.00|0.00|0.00|0.00|0.00|0.00|2,424,598.00|
|4. Balances as at|||||||||||||
|the end of the|34,798,398,763.00|0.00|0.00|0.00|37,590,966,191.00|0.00|157,230,488.00|0.00|889,640,475.00|2,140,123,961.00|0.00|75,576,359,878.00|
|period|||||||||||||

BOE Technology Group Co., Ltd. Interim Report 2019 III. Company Profile
Founded in Beijing on 9 April 1993 and headquartered in the city, BOE Technology Group Co., Ltd. (hereinafter referred to as the “Company”) is a company limited by shares. Its parent and ultimate controller is Beijing Electronics Holding Co., Ltd. (“Electronics Holding”).
The Company and its affiliated subsidiaries (hereinafter jointly referred to as the “Group”) are divided into three major business divisions, namely, interface devices, smart IoT and smart medicine and engineering.
For information about theCompany’s subsidiaries, see item IX herein.
The consolidation scope for consolidated financial statements was determined based on control including the Company and subsidiaries controlled by the Company. Information about subsidiaries was presented in Note IX. The increase and decrease of subsidiaries was listed in Note VIII.
IV. Basis for the Preparation of Financial Statements
1. Preparation Basis
The financial statements have been prepared on the basis of going concern.
2. Continuing Operations
The Company had the continuing operations ability within 12 months since the end of the Reporting Period.
V. Significant Accounting Policies and Estimates
Reminder of the specific accounting policies and estimates:
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 issued by the Ministry of Finance (hereinafter referred to as MOF). These financial statements present truly and completely the consolidated financial position and financial position as of 30 June 2019, the consolidated results of operations and results of operations and the consolidated cash flows and cash flows in the first half year of 2019 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 Financial Reports” 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 January 1st to December 31st.
3. Operating Cycle
The Company regarded the period from purchasing the assets for processing to realizing the cash or cash equivalents as the normal
BOE Technology Group Co., Ltd. Interim Report 2019 operating cycle. The operating cycle of the main business of the Company usually is less than 12 months.
4. Recording 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. Some subsidiaries of the Company adopt the currency other than RMB as the recording currency. The Company translates the foreign currency financial statement of subsidiaries when compiling the financial statement.
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 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 purchases 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 purchases held before the purchase date should be transferred in the current investment income.
BOE Technology Group Co., Ltd. Interim Report 2019 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 considers 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 based on book value in the consolidated balance sheet of thesubsidiary’s assets, liabilities and results of operations 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.
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. (3) Disposing the subsidiaries
Where the control of former subsidiary was lost, any disposal profit or loss occurred shall be recorded into the investment income during the period of losing control right. As for remaining equity investment, 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
BOE Technology Group Co., Ltd. Interim Report 2019 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 loss of control , when the Group losing control on its subsidiary.
(4) Changes of non-controlling interests
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 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 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.
BOE Technology Group Co., Ltd. Interim Report 2019 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 “Retained earning” and “Difference arising from translation of foreign currency financial statements in other comprehensive income”, 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 listed in other comprehensive income. 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
When the Company becomes a party to a financial instrument, it shall recognize a financial asset or financial liability.
(1) Classification, recognition and measurement of financial assets
The Company classifies the financial assets into financial assets measured at amortized cost, financial assets measured by the fair value and the changes recorded in other comprehensive income and financial assets at fair value through profit or loss based on the business model for financial assets management and characteristics of contractual cash flow of financial assets
Financial assets initially recognized shall be measured at their fair values. For financial assets measured at their fair values and of which the variation is recorded into the profit or loss of the current period, the transaction expenses thereof shall be directly included into the current profit or loss; for other financial assets, the transaction expenses thereof shall be included into the initially recognized amount. For accounts receivable and notes receivable generated from sales of commodities or provision of labor services, excluding or without regard to major financing, the expected consideration amount the Company has the right to collect will be taken by the Company as the initially recognized amount.
① Financial assets measured by the amortized cost
The business mode of the Company to manage the financial assets targets at collecting the contractual cash flow. What's more, the contractual cash flow characteristics of the financial assets are consistent with the basic lending arrangement, that is, the cash flow generated in the specific date is the payment of the interest based on the principal and outstanding principal amount. This kind of financial assets of the Company shall be subsequently measured based on the amortized cost, the interest income shall be recognized by effective interest method, and the gains or losses arising from the amortization, impairment shall be included into current profit and loss.
②Financial assets measured at the fair value with its changes included into other comprehensive income
For the Company, the business mode to manage this type of financial assets aims at not only the recovery of contract cash flows but the sales, and cash flows of the financial assets generated from the financial assets on a specific date merely used to the payment for principals and interests based on the amount of outstanding principals. The Company calculates such financial assets as per fair value whose change is included into corresponding comprehensive income, but impairment loss or gain, exchange gain or loss and interest income calculated as per actual interest rate method are included into the current profit and loss.
Furthermore, the Company designates partial non-tradable equity vehicle investment as the financial asset measured with fair value whose change is included into other comprehensive income. The Company includes the related dividend income of such financial assets into the current profit and loss with the change in fair value included into other comprehensive income. At the time of derecognition of such financial assets, accumulated gain or loss included into other comprehensive income before will be shifted to retained earnings from other comprehensive incomes but not included into the current profit and loss.
③ Financial assets at fair value through profit or loss
The Company classifies financial assets except for above-mentioned financial assets measured with amortized cost and financial assets measured with fair value whose change is included into other comprehensive income into financial assets at fair value through profit or loss and listed as trading financial assets. For such financial assets, the Company adopts the fair value for the subsequent
BOE Technology Group Co., Ltd. Interim Report 2019 measurement, and the changes in fair value are included into current profit and loss. Financial assets which will mature in more than one year since the balance sheet date and expected to be held for more than one year shall be presented as other non-current financial assets.
(2) Classification, recognition and measurement of financial liabilities
TheCompany’s financial liabilities are, on initial recognition, classified into financial liabilities at fair value through profit or loss and other financial liabilities. For financial liabilities at fair value through profit or loss, relevant transaction costs are immediately recognized in profit or loss for the current period, and transaction costs relating to other financial liabilities are included in the initial recognition amounts.
① Financial liabilities at fair value through profit or loss
Financial liabilities at fair value through profit or loss include trading financial liabilities (including the derivative instruments belonging to financial liabilities) and financial liabilities designated at the initial recognition to be measured by the fair value and their changes are recorded in the current profit or loss.
Trading financial liabilities (including the derivative instruments belonging to financial liabilities) are subsequently measured at fair value, and the changes of fair value except those related to hedge accounting) shall be recorded in the current profit or loss. For the financial liabilities at fair value through profit or loss, the change of such liability's fair value arising from changes in the Company's own credit risk is included into other comprehensive income. And when the liability is derecognized, the accumulative change amount of its fair value arising from the change of own credit risk included into other comprehensive income is transferred to the retained earnings. The changes of the remaining fair value are included in the current profit or loss. If the treatment of change effects in own credit risk of such financial liability in the above method may cause or expand the accounting mismatching in the profit or loss, the Company will include all gains or losses (including the amount influenced due to the changes in own credit risk of the enterprise) of such financial liability into the current profit or loss.
② Other financial liabilities
Other financial liabilities except for those formed due to transfer of financial assets failing to comply with derecognition condition or continuously getting involved in transferred financial assets and financial guarantee contract are classified into financial liabilities measured with amortized cost and subject to subsequent measurement based on amortized cost. Gains or losses generated from derecognition or amortization are included into the current profit or loss.
(3) Recognition and measurement of financial assets transfer
The Company derecognizes a financial asset when one of the following conditions is met:
1) the rights to receive cash flows from the asset have expired;
2) the enterprise has transferred its rights to receive cash flows from the asset to a third party under a pass-through arrangement; or 3) the enterprise has transferred its rights to receive cash flows from the asset and either (a) has transferred substantially all the risks and rewards of the asset, or (b) has neither transferred nor retained substantially all the risks and rewards of the asset, but has transferred control of the asset.
If the enterprise has neither retained all the risks and rewards from the financial asset nor control over the asset, the asset is recognized according to the extent it exists as financial asset, and correspondent liability is recognized. The extent of existence refers the level of risk by the financial asset changes the enterprise is facing.
For a transfer of a financial asset in its entirety that satisfies the derecognition criteria, (a). the carrying amount of the financial asset transferred; and (b) the sum of the consideration received from the transfer and any cumulative gain or loss that had been recognized in other comprehensive income, is recognized in profit or loss.
If a part of the transferred financial asset qualifies for derecognition, the carrying amount of the transferred financial asset is allocated between the part that continues to be recognized and the part that is derecognized, based on the relative fair value of those parts. The difference between (a) the carrying amount allocated to the part derecognized; and (b) the sum of the consideration received for the part derecognized and any cumulative gain or loss allocated to the part derecognized which has been previously recognized in other comprehensive income, is recognized in profit or loss.
BOE Technology Group Co., Ltd. Interim Report 2019 If the Company endorses the financial assets sold by right of recourse and holding financial assets, it needs to confirm that whether almost all risks and remuneration in the ownership of financial assets have been transferred or not. Where an enterprise has transferred nearly all of the risks and rewards related to the ownership of the financial asset to the transferee, it shall stop recognizing the financialasset； If it retained nearly all of the risks and rewards related to the ownership of the financial asset, it shall not stop recognizing the financial asset. If the Company does not transfer or retain nearly all of the risks and rewards related to the ownership of the financial asset, then it continuously judges that whether the Company retain the control of the assets, and conducts accounting treatment according to the principles described in former paragraphs.
(4) Derecognition of financial liabilities
In case of current obligation of financial liabilities (or partial financial liabilities) being terminated, derecognition of such financial liabilities (or partial financial liabilities) is conducted by the Company. If the Company (borrower) concludes an agreement with the lender to replace original financial liabilities with new ones and contact terms of new financial liabilities are different from those of original financial liabilities, derecognition of original financial liabilities and recognition of new financial liabilities shall be conducted. In case of material alteration of contract terms of original financial liabilities (partial financial liabilities) by the Company, derecognition of original financial liabilities and recognition of new financial liabilities as per modified terms shall be conducted. In case of derecognition of financial liabilities (partial financial liabilities), the Company includes the balance between its carrying value and payment consideration (including non-cash assets transferred out or borne liabilities) into the current profit or loss. (5) Offsetting financial assets and financial liabilities
When the Company has a legal right that is currently enforceable to set off the recognized financial assets and financial liabilities, and intends either to settle on a net basis, or to realize the financial asset and settle the financial liability simultaneously, a financial asset and a financial liability shall be offset and the net amount is presented in the balance sheet. Except for the above circumstances, financial assets and financial liabilities shall be presented separately in the balance sheet and shall not be offset.
(6) Determination of financial assets andliabilities’ fair value
Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in anarm’s length transaction. For a financial instrument which has an active market, the Company uses quoted price in the active market to establish its fair value. The quoted price in the active market refers to the price that can be regularly obtained from exchange market, agencies, industry associations, pricing authorities; it represents the fair market trading price in the actual transaction. For a financial instrument which does not have an active market, the Company establishes fair value by using a valuation technique. Valuation techniques include using recentarm’s length market transactions between knowledgeable, willing parties, reference to the current fair value of another instrument that is substantially the same, discounted cash flow analysis and option pricing models. The Company measures initially and subsequently the fair value of an interest rate swap at the value of acompetitor’s interest rate swap quoted by a recognized financial institution as at theCompany’s balance sheet date in accordance with the principle of consistency. In valuation, the Company adopts applicable valuation techniques supported by sufficient utilizable data and other information in current circumstances, selects input values consistent with asset or liability characteristics considered in relevant asset or liability transactions of market participators and prioritizes the applying relevant observable input values. Unobservable input values shall not be applied unless relevant observable input values are not accessible or feasible.
(7) Equity instruments
An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. The consideration received from issuing equity instruments, net of transaction costs, are added toshareholders’ equity. All types of distribution (excluding stock dividends) made by the Company to holders of equity instruments are deducted fromshareholders’ equity. The Company does not recognize any changes in the fair value of equity instruments.
An equity instrument distributing dividends during the period of continued existence (including the “interest” generated from those classified as equity instrument) shall be treated as profit distribution.
(8) Testing Method and Accounting Treatment of Impairment for Financial Assets (Excluding Accounts Receivable)
BOE Technology Group Co., Ltd. Interim Report 2019 The Company evaluated the expected credit losses of financial assets measured at amortized cost and financial assets (debt instruments) measured at fair value and changes thereof recorded into other comprehensive income in a single or group way considering all reasonable and well-founded information, including forward-looking information. The measurement of expected credit losses was based on whether the credit risk of the financial assets increases remarkably after the initial recognition on the balance sheet day; if the credit risk increases remarkably after the initial recognition, the Company shall measure the provision for loss based on the specific expected credit loss amount during the entire period of existence; if not, the Company shall measure the provision for loss based on the specific expected credit loss amount in the following 12 months. Amount increased or reversed of impairment lose generated this shall be recorded into the current profit or loss as gains or losses of impairment.
Standards for Judging Whether the Credit Risk Increases Remarkably after the Initial Recognition
If any financialassets’ probability of default within the expected period of existence determined on the balance sheet day is obviously higher than that within the expected period of existence determined during the initial recognition, it shall indicate the remarkable increase of the financialassets’ credit risk. Unless it is under special circumstances, the Company shall adopt various variations in the default risk in the following 12 months as the reasonable basis for estimating corresponding variations in the default risk within the entire period of existence and determining whether the credit risk increases remarkably after the initial recognition. 11. Notes Receivable
The Company will always measure the provision for notes receivable whether including major financing components or not based on the amount similar to that of expected credit losses for the whole existence period and the amount increased or reversed of impairment for losses generated shall be recorded into the current profit or loss as gains or losses of impairment.
12. Accounts Receivable
The recognition standard and withdrawal method of bad debt provision for accounts receivable of the Company in 2018 are as follows:
(1) Accounts Receivable with Significant Single Amount for which the Bad Debt Provision is Made Individually
|||
|-|-|
|Definition or amount criteria for an account receivable with a||
||The single amount is more than RMB50,000,000.00|
|significant single amount||
|Making individual bad-debt provisions for accounts receivable||
||Impairment test is made individually|
|with a significant single amount||

(2) Accounts Receivable which the Bad Debt Provision is Withdrawn by Credit Risk Characteristics
|||
|-|-|
|Name of portfolios|Bad debt provision method|
|Credit Risk Characteristics|Other method|

Note: Respectively fill in the withdrawal method of bad debt provision for various portfolios according to names of specific portfolios.
(3) Accounts Receivable with an Insignificant Single Amount but for which the Bad Debt Provision is Made Independently
BOE Technology Group Co., Ltd. Interim Report 2019
|||
|-|-|
|Reason for bad debt provision|Lawsuits or deteriorative customers’ credit status|
||The lower one of the expected future receivable amount and|
|Withdrawal method||
||carrying value|

Recognition standards and withdrawal methods of the bad debt provision for accounts receivable since 1 January 2019:
For the accounts receivable (regardless of any significant financing composition), the Company will always measure corresponding provision for loss based on the amount equaling to the expected credit loss within the entire existence period, and the Company has divided its clients into different groups based on different credit risks. Within the same group, various clients should possess similar risk features, and the historical loss rule should have no obvious difference among various clients; in addition, it could be predicted that this rule would remain unchanged within the predicted collection period of the outstanding accounts receivable. In terms of different groups, the above-mentioned financialassets’ predicted credit loss should be calculated based on the history credit loss experience and the usage preparation matrix. Meanwhile, according to relevant historical experience, special factors of the borrower on the balance sheet date, the current situation and the future economic situation, corresponding evaluation could be performed for future adjustment.
13. Other Receivables
The recognition method and accounting treatment of expected credit losses of other receivables
The recognition standard and withdrawal method of bad debt provision for other receivables of the Company in 2018 are as follows: (1) Accounts Receivable with Significant Single Amount for which the Bad Debt Provision is Made Individually
|||
|-|-|
|Definition or amount criteria for an account receivable with a||
||The single amount is more than RMB50,000,000.00|
|significant single amount||
|Making individual bad-debt provisions for accounts receivable||
||Impairment test is made individually|
|with a significant single amount||

(2) Accounts Receivable which the Bad Debt Provision is Withdrawn by Credit Risk Characteristics
|||
|-|-|
|Name of portfolios|Bad debt provision method|
|Credit Risk Characteristics|Other method|

Note: Respectively fill in the withdrawal method of bad debt provision for various portfolios according to names of specific portfolios.
(3) Accounts Receivable with an Insignificant Single Amount but for which the Bad Debt Provision is Made Independently
|||
|-|-|
|Reason for bad debt provision|Lawsuits or deteriorative customers’ credit status|
||The lower one of the expected future receivable amount and|
|Withdrawal method||
||carrying value|

Recognition standards and withdrawal methods of the bad debt provision for other receivables since 1 January 2019:
For the other receivables (regardless of any significant financing composition), the Company will always measure corresponding
provision for loss based on the amount equaling to the expected credit loss within the entire existence period, and the Company has
BOE Technology Group Co., Ltd. Interim Report 2019 divided its clients into different groups based on different credit risks. Within the same group, various clients should possess similar risk features, and the historical loss rule should have no obvious difference among various clients; in addition, it could be predicted that this rule would remain unchanged within the predicted collection period of the outstanding accounts receivable. In terms of different groups, the above-mentioned financialassets’ predicted credit loss should be calculated based on the history credit loss experience and the usage preparation matrix. Meanwhile, according to relevant historical experience, special factors of the borrower on the balance sheet date, the current situation and the future economic situation, corresponding evaluation could be performed for future adjustment.
At the end of the Reporting Period, when the Company accounts the expected credit losses of other receivables, if the expected credit loss is higher than the carrying amount of its current provision for impairment, the difference will be recognized as impairment loss; if lower, the difference will be recognized as impairment gains.
14. Inventory
Is the Company subject to any disclosure requirements for special industry?
No
(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
BOE Technology Group Co., Ltd. Interim Report 2019 The Group maintains a perpetual inventory system.
15. Assets Held for Sale
The Group should divide the non-current assets (or the disposal group, that is an asset group concurrently be disposed through 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 same below )which simultaneously meet with the following conditions as the assets held for sale.
– The non-current assets or disposal group could be immediately sold under the current condition in accordance with the usual terms of selling this kind of assets in similar transactions;
– The sale is extremely possible that is to say, the Company has made a resolution regarding a sales planning and signed a legally binding purchase agreement with other party, and the sale is expected to be finished within one year.
When the non-current assets be divided as assets held for sale (excluding financial assets), the Group measures the non-current 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.
16. Investments in Debt Obligations
See Note V. 10 Financial Instruments for details
17. Other Investments in Debt Obligations
See Note V. 10 Financial Instruments for details
18. Long-term Equity Investments
(1) Recognition of the investment cost of the long-term equity investment
(a) Long-term equity investments acquired through a businesscombination– 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
BOE Technology Group Co., Ltd. Interim Report 2019 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
For the Long-term equity investments acquired otherwise than through a business combination, if the long-term investment is acquired by paying cash, the Group shall, upon initial recognition, take the purchase price actually paid as the initial investment cost ; For the long-term equity investment obtained by issuing equity securities, the Group takes the fair value of equity securities issued as the initial investment cost.
(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, unless the investment is classified as held for sale. 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 into the subsidiaries is stated at cost less impairment losses in the balance sheet.
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 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-term 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
BOE Technology Group Co., Ltd. Interim Report 2019 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.
(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.
19. Investment Property
The Company classified its real estate held for earning rents or capital appreciation or for both into the investment property. The Company applied the cost model to measure the investment real estate. Namely, it would be presented in the Balance Sheet through deducting the accumulated depreciation, amortization and the depreciation reserves from the costs. Besides, the Company would calculate and withdraw or amortize the investment real estate by using the straight-line method within the service life through deducting the predicted net residual value and the accumulated provision reserves from the costs, unless the investment real estate could meet corresponding held-for-sale conditions.
For the asset showing any sign of depreciation, the Company would conduct the impairment test and evaluate its recoverable amount. The recoverable amount refers to the higher value between the net amount by deducting various disposal expenses from the fair value of the asset (or the asset group/asset portfolio) and the current value of its predicted future cash flow. However, the asset portfolio should be the smallest asset portfolio which could be recognized, and the generated cash inflow would basically be independent of other assets or asset portfolios. The asset group should consist of relevant assets creating the cash inflow. While recognizing the asset group,it’s required to consider whether the asset group could independently generate any cash inflow. Meanwhile,it’s also necessary to take themanagement’s production and business operation activities control or the decision-making way into consideration. The net amount by deducting various disposal expenses from theasset’s fair value would be determined based on the amount by deducting the amount that could be directly attributed to theasset’s disposal expense from the price recognized during the fair dealing. However, the current value of theasset’s predicted future cash flow should be determined based on the predicted future cash flow generated during the continuous use and the ultimate disposal after corresponding discounting by selecting an appropriate pre-tax discount rate.
According to the recoverableamount’s estimated results, if theasset’s recoverable amount is lower than its book value, its book value would write down to the recoverable amount, and the write-down amount should be recognized as the asset impairment loss which would be calculated into the current loss and gain. At the same time, corresponding asset impairment provisions should also be calculated and withdrawn. In terms of the impairment loss related to the asset group or the asset portfolio,it’s required to firstly deduct and amortize the book value of Goodwill in the asset group or the asset portfolio; then, according to the proportion of the book value of other assets in the asset group or asset portfolio (except the Goodwill), the book value of other assets would be
BOE Technology Group Co., Ltd. Interim Report 2019 deducted based on such proportion. However, the book value of various assets after such deduction would not be lower than the highest value among the net amount by deducting various disposal expenses from theasset’s fair value (if any), the current value of theasset’s predicted future cash flow (if any) and zero. Upon recognized, the asset impairment loss would not be reversed during the subsequent accounting periods.
The useful lives and estimated residual values as well as annual depreciation rate of each class of investment property are as follows:
|||||
|-|-|-|-|
|Category|Depreciable life|Residual value rate (%)|Yearly depreciation|
|Land use rights|32 - 50 years|0%|2.0% - 3.1%|
|Houses and buildings|25 - 40 years|3%-10%|2.3% - 3.9%|

 20. 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 V.21. 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 recorded into fixed asset cost when the economic interests related to costs may flow into the Group, and the carrying amount of the replaced part is derecognized. The costs of the day-to-day servicing of fixed assets are recognized in profit or loss as incurred. Fixed assets are stated in the balance sheet at cost less accumulated depreciation and impairment losses.
(2) Depreciation Methods
||||||
|-|-|-|-|-|
|Category of fixed assets|Depreciation method|Depreciable life|Residual value rate (%)|Yearly depreciation|
|Workshops and buildings|Straight-line method|10-50 years|3%-10%|1.8%-9.7%|
|Equipments|Straight-line method|2-25 years|0-10%|3.6%-50%|
|Others|Straight-line method|2-10 years|0-10%|9.0%-50%|

 Naught
(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 records 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
BOE Technology Group Co., Ltd. Interim Report 2019 unrecognized financial charges as the long-term liabilities and the long-term liabilities due within 1 year.
21. 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.
22. 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
BOE Technology Group Co., Ltd. Interim Report 2019 the borrowing costs shall be ceased. 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 recognizes 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.
23. 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.
BOE Technology Group Co., Ltd. Interim Report 2019
||||
|-|-|-|
|Item|Estimated useful life|Basis|
|Land use rights|40-50 years|Period stipulated by the Land Use Right Certificate|
|Proprietary technologyand patent right|5-10 years|Period agreed in the contract or estimated to bringeconomic benefits for the Company|
|Computer software|3-10 years|Period agreed in the contract or estimated to bringeconomic benefits for the Company|
|others|5-20 years|Period agreed in the contract or estimated to bringeconomic 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 Policies 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.
BOE Technology Group Co., Ltd. Interim Report 2019 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 incurred.
24. 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.
25. 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|

BOE Technology Group Co., Ltd. Interim Report 2019
|||
|-|-|
|Cost of construction and use of public facilities|10-15 years|
|Others|2-10 years|

26. Payroll
(1) Accounting Treatment of Short-term Compensation
During the accounting period of an employee' providing services, the Group recognizes the actual occurred or withdrawn worker wages, bonuses and the social insurance charges such as the medical insurance premiums, industrial injury insurance premium and birth insurance premium according to the specified benchmark and proportion as well as the housing funds as the liabilities and records which in the current gains and losses or the relevant asset costs.
(2) Accounting Treatment of the Welfare after Demission
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 sociability benefits and long-term profit sharing plan and so on. The Group not involved with any other long-term employee's welfare.
27. Lease Liabilities
Not applicable
BOE Technology Group Co., Ltd. Interim Report 2019 28. Provisions
(1) Criteria of estimated liabilities
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.
29. Revenue
Is the Company subject to any disclosure requirements of special industry?
No
Is the Company has implemented the new standards governing revenue?
□ Yes√No
30. Government Subsidies
(1) Judgment Basis and Accounting Treatment of Government Subsidies Related to Assets
If the Group first obtains government grants related to assets and then recognizes the long-term assets purchased and constructed, deferred income is included in profit and loss based on a reasonable and systematic approach by stages when related assets are initially depreciated or amortized; or the deferred income is written off against the carrying amount of the asset when the asset becomes ready for its intended status or intended use. If the Group obtains government grants related to the assets after relevant long-term assets are put into use, deferred income is included in profit and loss based on a reasonable and systematic approach by stages within the remaining useful life of relevant assets, or the deferred income is written off against the carrying amount of relevant asset when the grants are obtained; the assets shall be depreciated or amortized based on the carrying amount after being offset and the remaining useful life of relevant assets.
(2) Judgment Basis and Accounting Treatment of Government Subsidies Related to Profits
If they are used to compensate for related costs or losses of the Group in the future period, it shall be recognized as deferred income, and included in profit and loss or used to offset related costs; otherwise it shall be directly included in profit and loss or used to offset
related costs.
BOE Technology Group Co., Ltd. Interim Report 2019 In respect of the policy-based preferential loan interest subsidy obtained by the Group, if the interest subsidy is appropriated to the lending bank which shall provide loans to the Group at the policy-based preferential interest rate, the actual loan amount is used as the entry value and relevant borrowing costs are calculated on the basis of the loan principal and the preferential interest rate. If the interest subsidy is directly appropriated to the Group, relevant borrowing costs shall be offset by corresponding interest subsidy. 31. 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 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. 32. Lease
(1) Accounting Treatment of Operating Lease
Rental payments under operating leases are recognized as costs or expenses on a straight-line basis over the lease term.
Fixed assets leased out under operating leases, except for investment property (see Notes V. 16), are depreciated in accordance with theGroup’s depreciation policies described in Notes V. 20. 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 Notes V. 16 and Notes V. 20, 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
BOE Technology Group Co., Ltd. Interim Report 2019 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.
The economic essence of leaseback formed financial lease is mortgage loan. The Company takes the received financing as borrowings to report, and conducts subsequent measurements for long-term accounts payable according to amortized costs by effective interest method.
33. 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
(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 Listed Companies” 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.
BOE Technology Group Co., Ltd. Interim Report 2019 (2) Segment Report
The Company will define various operation divisions based on the internal organizational structure, management requirements and the internal reporting system. If two or above operation divisions possess similar economic features and the identical or similar features can be observed in each singleproduct’s orservice’s nature, the productionprocess’s nature, the product or servicecustomer’s type, the product selling or service rendering method, the legal influence and the administrative law impact on the product or the rendered service, it could be consolidated into one operation division. Based on each single operation division, the reporting division could be determined by taking the importance principle into consideration.
While formulating the divisional report, the Company should measure the divisional transaction revenue based on the actual transaction price, and the accounting policy applied to formulate the divisional report should be consistent with that applied to formulate thegroup’s financial statements.
34. Changes in Significant Accounting Policies and Estimates
(1) Changes in Significant Accounting Policies
√ Applicable□ Not applicable
||||
|-|-|-|
|Contents of changes in accounting policies and reasons thereof|Approval procedures|Note|
|(a) Presentation of financial statements|||
|The Company prepared the financial statements for 2019 and adjusted data|||
|of same period as required by the CK (2019) No. 6 Notice on Revising and|||
|Issuing Formats of 2019 Financial Statements for General Enterprises|||
|enacted by the Ministry of Finance in April 2019.|||
|(b) Non-monetary asset exchange|||
|||The implementation of|
|The Ministry of Finance issued the CK (2019) No. 8 “Notice on Revising|||
|||Accounting Standards for|
|and Issuing Accounting Standards for Business Enterprises No.|||
|||Business Enterprises No.|
|7-Non-monetary Assets Exchange” in May 2019. The Company starts to|||
|||7-Non-monetary Assets|
|implement above notice since 10 June 2019 and adjusted all non-monetary|||
|||Exchange, Accounting|
|assets exchange occurring during the period from 1 January 2019 to the|||
||Reviewed and approved by|Standards for Business|
|execution date in accordance with the aforesaid standards.|||
||the Company’s Board of|Enterprises No. 12 Debt|
|(c) Debt restructuring|||
||Directors and Supervisory|Restructuring and new|
|The Ministry of Finance issued the CK (2019) No. 8 “Notice on Revising|||
||Committee|standards governing|
|and Issuing Accounting Standards for Business Enterprises No. 12-Debt|||
|||financial instruments did|
|Restructuring”. The Company starts to implement this notice since 17 June|||
|||not greatly influence the|
|2019 and it is unnecessary to adjust the debt restructuring occurring during|||
|||Company’s financial|
|the period from 1 January 2019 to the execution date.|||
|||condition and operating|
|(d) Financial instruments||results.|
|In 2017, the Ministry of Finance revised and issued the Accounting|||
|Standards for Business Enterprises No. 22-Recognition and Measurement|||
|of Financial Instruments (revised), Accounting Standards for Business|||
|Enterprises No. 23-Transfer of Financial Assets (revised), Accounting|||
|Standards for Business Enterprises No. 24-Hedge Accounting (revised) and|||
|Accounting Standards for Business Enterprises No. 37-Presentation of|||

BOE Technology Group Co., Ltd. Interim Report 2019
||
|-|
|Financial Instruments (revised) (hereinafter collectively referred to as “new|
|standards governing financial instruments”). The Company starts to|
|implement above revised accounting standards since 1 January 2019 and|
|adjusts relevant contents of accounting policies.|

(2) Significant Changes in Accounting Estimates
□ Applicable√ Not applicable
(3) Adjustments to the Financial Statements at the Beginning of the First Execution Year of any New Standards Governing Financial Instruments, Revenue or Leases
√ Applicable□ Not applicable
Consolidated Balance Sheet
Unit: RMB
|||||
|-|-|-|-|
|Item|31 December 2018|1 January 2019|Adjusted|
|Current assets:||||
|Monetary capital|51,481,539,711.00|51,481,539,711.00|0.00|
|Settlement reserve|0.00|0.00|0.00|
|Interbank loans granted|0.00|0.00|0.00|
|Trading financial assets|0.00|5,534,413,566.00|5,534,413,566.00|
|Financial assets at fair value through|0.00|||
|||0.00|0.00|
|profit or loss||||
|Derivative financial assets|0.00|0.00|0.00|
|Notes receivable|656,781,577.00|656,781,577.00|0.00|
|Accounts receivable|19,880,680,518.00|19,874,492,119.00|-6,188,399.00|
|Financing backed by accounts|0.00|||
|||0.00|0.00|
|receivable||||
|Prepayments|770,633,448.00|770,633,448.00|0.00|
|Premiums receivable|0.00|0.00|0.00|
|Reinsurance receivables|0.00|0.00|0.00|
|Receivable reinsurance contract|0.00|||
|||0.00|0.00|
|reserve||||
|Other receivables|2,454,174,971.00|2,453,289,708.00|-885,263.00|
|Including: Interest receivable|140,597,317.00|140,597,317.00|0.00|
|Dividends receivable|3,711,768.00|3,711,768.00|0.00|
|Financial assets purchased under|0.00|||
|||0.00|0.00|
|resale agreements||||

BOE Technology Group Co., Ltd. Interim Report 2019
|||||
|-|-|-|-|
|Inventories|11,985,398,172.00|11,985,398,172.00|0.00|
|Contract assets|0.00|0.00|0.00|
|Assets classified as held for sale|0.00|0.00|0.00|
|Current portion of non-current assets|0.00|0.00|0.00|
|Other current assets|12,463,073,779.00|6,928,660,213.00|-5,534,413,566.00|
|Total current assets|99,692,282,176.00|99,685,208,514.00|-7,073,662.00|
|Non-current assets:||||
|Loans and advances to customers|0.00|0.00|0.00|
|Investments in debt obligations|0.00|0.00|0.00|
|Available-for-sale financial assets|734,022,359.00|0.00|-734,022,359.00|
|Investments in other debt obligations|0.00|0.00|0.00|
|Held-to-maturity investments|0.00|0.00|0.00|
|Long-term receivables|0.00|0.00|0.00|
|Long-term equity investments|2,389,166,886.00|2,389,166,886.00|0.00|
|Investments in other equity|0.00|721,155,927.00||
||||721,155,927.00|
|instruments||||
|Other non-current financial assets|0.00|12,866,432.00|12,866,432.00|
|Investment property|1,283,867,651.00|1,283,867,651.00|0.00|
|Fixed assets|128,157,730,995.00|128,157,730,995.00|0.00|
|Construction in progress|56,423,354,887.00|56,423,354,887.00|0.00|
|Productive living assets|0.00|0.00|0.00|
|Oil and gas assets|0.00|0.00|0.00|
|Right-of-use assets|0.00|0.00|0.00|
|Intangible assets|5,937,679,394.00|5,937,679,394.00|0.00|
|R&D expense|0.00|0.00|0.00|
|Goodwill|904,370,509.00|904,370,509.00|0.00|
|Long-term prepaid expense|360,640,853.00|360,640,853.00|0.00|
|Deferred income tax assets|252,373,622.00|252,373,622.00|0.00|
|Other non-current assets|7,893,002,053.00|7,893,002,053.00|0.00|
|Total non-current assets|204,336,209,209.00|204,336,209,209.00|0.00|
|Total assets|304,028,491,385.00|304,021,417,723.00|-7,073,662.00|
|Current liabilities:||||
|Short-term borrowings|5,449,954,885.00|5,449,954,885.00|0.00|
|Borrowings from central bank|0.00|0.00|0.00|

BOE Technology Group Co., Ltd. Interim Report 2019
|||||
|-|-|-|-|
|Interbank loans obtained|0.00|0.00|0.00|
|Trading financial liabilities|0.00|0.00|0.00|
|Financial liabilities at fair value|0.00|||
|||0.00|0.00|
|through profit or loss||||
|Derivative financial liabilities|0.00|0.00|0.00|
|Notes payable|591,109,272.00|591,109,272.00|0.00|
|Accounts payable|22,213,956,616.00|22,213,956,616.00|0.00|
|Advances from customers|1,218,934,743.00|1,218,934,743.00|0.00|
|Financial assets sold under repurchase|0.00|||
|||0.00|0.00|
|agreements||||
|Customer deposits and interbank|0.00|||
|||0.00|0.00|
|deposits||||
|Payables for acting trading of|0.00|||
|||0.00|0.00|
|securities||||
|Payables for underwriting of|0.00|||
|||0.00|0.00|
|securities||||
|Payroll payable|2,224,931,171.00|2,224,931,171.00|0.00|
|Taxes payable|970,108,298.00|970,108,298.00|0.00|
|Other payables|22,956,979,828.00|22,956,979,828.00|0.00|
|Including: Interest payable|1,016,761,921.00|1,016,761,921.00|0.00|
|Dividends payable|23,648,778.00|23,648,778.00|0.00|
|Handling charges and commissions|0.00|||
|||0.00|0.00|
|payable||||
|Reinsurance payables|0.00|0.00|0.00|
|Contract liabilities|0.00|0.00|0.00|
|Liabilities directly associated with|0.00|||
|||0.00|0.00|
|assets classified as held for sale||||
|Current portion of non-current|5,597,563,204.00|||
|||5,597,563,204.00|0.00|
|liabilities||||
|Other current liabilities|1,004,557,061.00|1,004,557,061.00|0.00|
|Total current liabilities|62,228,095,078.00|62,228,095,078.00|0.00|
|Non-current liabilities:||||
|Insurance contract reserve|0.00|0.00|0.00|
|Long-term borrowings|94,780,077,864.00|94,780,077,864.00|0.00|
|Bonds payable|10,288,666,233.00|10,288,666,233.00|0.00|
|Including: Preferred shares|0.00|0.00|0.00|

BOE Technology Group Co., Ltd. Interim Report 2019
|||||
|-|-|-|-|
|Perpetual bonds|0.00|0.00|0.00|
|Lease liabilities|0.00|0.00|0.00|
|Long-term payables|1,416,092,239.00|1,416,092,239.00|0.00|
|Long-term payroll payable|0.00|0.00|0.00|
|Provisions|16,457,010.00|16,457,010.00|0.00|
|Deferred income|2,187,558,533.00|2,187,558,533.00|0.00|
|Deferred income tax liabilities|1,419,373,545.00|1,419,373,545.00|0.00|
|Other non-current liabilities|11,334,873,322.00|11,334,873,322.00|0.00|
|Total non-current liabilities|121,443,098,746.00|121,443,098,746.00|0.00|
|Total liabilities|183,671,193,824.00|183,671,193,824.00|0.00|
|Owners’ equity:||||
|Share capital|34,798,398,763.00|34,798,398,763.00|0.00|
|Other equity instruments|0.00|0.00|0.00|
|Including: Preferred shares|0.00|0.00|0.00|
|Perpetual bonds|0.00|0.00|0.00|
|Capital reserves|38,213,100,596.00|38,213,100,596.00|0.00|
|Less: Treasury stock|0.00|0.00|0.00|
|Other comprehensive income|-125,258,252.00|-331,449,633.00|-206,191,381.00|
|Specific reserve|0.00|0.00|0.00|
|Surplus reserves|1,152,626,310.00|1,152,625,429.00|-881.00|
|General reserve|0.00|0.00|0.00|
|Retained earnings|11,817,881,286.00|12,018,222,993.00|200,341,707.00|
|Total equity attributable to owners of|85,856,748,703.00|||
|||85,850,898,148.00|-5,850,555.00|
|the Company as the parent||||
|Non-controlling interests|34,500,548,858.00|34,499,325,751.00|-1,223,107.00|
|Total owners’ equity|120,357,297,561.00|120,350,223,899.00|-7,073,662.00|
|Total liabilities and owners’ equity|304,028,491,385.00|304,021,417,723.00|-7,073,662.00|

 Note for adjustment:
The Company starts to implement the Accounting Standards for Business Enterprises No. 22 - Recognition and Measurement of Financial Instruments, the Accounting Standards for Business Enterprises No. 23– Transfer of Financial Assets, the Accounting Standards for Business Enterprises No. 24– Hedging Accounting, and the Accounting Standards for Business Enterprises No. 37– Presentation of Financial Instruments which are revised in 2017 since 1 January 2019 and adjust the financial statements of the first execution year as required by standards.
Balance Sheet of the Company as the Parent
Unit: RMB
|||||
|-|-|-|-|
|Item|31 December 2018|1 January 2019|Adjusted|

BOE Technology Group Co., Ltd. Interim Report 2019
|||||
|-|-|-|-|
|Current assets:||||
|Monetary capital|3,829,814,050.00|3,829,814,050.00|0.00|
|Trading financial assets|0.00|0.00|0.00|
|Financial assets at fair value through|0.00|||
|||0.00|0.00|
|profit or loss||||
|Derivative financial assets|0.00|0.00|0.00|
|Notes receivable|1,500,000.00|1,500,000.00|0.00|
|Accounts receivable|36,952,623.00|36,952,623.00|0.00|
|Financings backed by accounts|0.00|||
|||0.00|0.00|
|receivable||||
|Prepayments|25,020,734.00|25,020,734.00|0.00|
|Other receivables|2,015,828,460.00|2,015,819,544.00|-8,916.00|
|Including: Interest receivable|9,659,279.00|9,659,279.00|0.00|
|Dividends receivable|14,115,915.00|14,115,915.00|0.00|
|Inventories|9,289,141.00|9,289,141.00|0.00|
|Contract assets|0.00|0.00|0.00|
|Assets classified as held for sale|0.00|0.00|0.00|
|Current portion of non-current assets|450,000,000.00|450,000,000.00|0.00|
|Other current assets|47,805,096.00|47,805,096.00|0.00|
|Total current assets|6,416,210,104.00|6,416,201,188.00|-8,916.00|
|Non-current assets:||||
|Investments in debt obligations|0.00|0.00|0.00|
|Available-for-sale financial assets|128,297,254.00|0.00|-128,297,254.00|
|Investments in other debt obligations|0.00|0.00|0.00|
|Held-to-maturity investments|0.00|0.00|0.00|
|Long-term receivables|0.00|0.00|0.00|
|Long-term equity investments|143,499,733,485.00|143,499,733,485.00|0.00|
|Investments in other equity|0.00|||
|||128,297,254.00|128,297,254.00|
|instruments||||
|Other non-current financial assets|0.00|0.00|0.00|
|Investment property|290,253,475.00|290,253,475.00|0.00|
|Fixed assets|969,371,352.00|969,371,352.00|0.00|
|Construction in progress|251,314,313.00|251,314,313.00|0.00|
|Productive living assets|0.00|0.00|0.00|
|Oil and gas assets|0.00|0.00|0.00|

BOE Technology Group Co., Ltd. Interim Report 2019
|||||
|-|-|-|-|
|Right-of-use assets|0.00|0.00|0.00|
|Intangible assets|514,186,496.00|514,186,496.00|0.00|
|R&D expense|0.00|0.00|0.00|
|Goodwill|0.00|0.00|0.00|
|Long-term prepaid expense|99,701,797.00|99,701,797.00|0.00|
|Deferred income tax assets|290,794,548.00|290,794,548.00|0.00|
|Other non-current assets|284,243,667.00|284,243,667.00|0.00|
|Total non-current assets|146,327,896,387.00|146,327,896,387.00|0.00|
|Total assets|152,744,106,491.00|152,744,097,575.00|-8,916.00|
|Current liabilities:||||
|Short-term borrowings|1,000,000,000.00|1,000,000,000.00|0.00|
|Trading financial liabilities|0.00|0.00|0.00|
|Financial liabilities at fair value|0.00|||
|||0.00|0.00|
|through profit or loss||||
|Derivative financial liabilities|0.00|0.00|0.00|
|Notes payable|0.00|0.00|0.00|
|Accounts payable|35,322,286.00|35,322,286.00|0.00|
|Advances from customers|1,577,035,515.00|1,577,035,515.00|0.00|
|Contract liabilities|0.00|0.00|0.00|
|Payroll payable|201,139,261.00|201,139,261.00|0.00|
|Taxes payable|250,558,556.00|250,558,556.00|0.00|
|Other payables|8,209,736,090.00|8,209,736,090.00|0.00|
|Including: Interest payable|330,964,989.00|330,964,989.00|0.00|
|Dividends payable|6,451,171.00|6,451,171.00|0.00|
|Liabilities directly associated with|0.00|||
|||0.00|0.00|
|assets classified as held for sale||||
|Current portion of non-current|2,590,000,000.00|||
|||2,590,000,000.00|0.00|
|liabilities||||
|Other current liabilities|0.00|0.00|0.00|
|Total current liabilities|13,863,791,708.00|13,863,791,708.00|0.00|
|Non-current liabilities:||||
|Long-term borrowings|26,520,000,000.00|26,520,000,000.00|0.00|
|Bonds payable|9,976,533,425.00|9,976,533,425.00|0.00|
|Including: Preferred shares|0.00|0.00|0.00|
|Perpetual bonds|0.00|0.00|0.00|

BOE Technology Group Co., Ltd. Interim Report 2019
|||||
|-|-|-|-|
|Lease liabilities|0.00|0.00|0.00|
|Long-term payables|0.00|0.00|0.00|
|Long-term payroll payable|0.00|0.00|0.00|
|Provisions|0.00|0.00|0.00|
|Deferred income|5,523,949,841.00|5,523,949,841.00|0.00|
|Deferred income tax liabilities|0.00|0.00|0.00|
|Other non-current liabilities|20,954,104,125.00|20,954,104,125.00|0.00|
|Total non-current liabilities|62,974,587,391.00|62,974,587,391.00|0.00|
|Total liabilities|76,838,379,099.00|76,838,379,099.00|0.00|
|Owners’ equity:||||
|Share capital|34,798,398,763.00|34,798,398,763.00|0.00|
|Other equity instruments|0.00|0.00|0.00|
|Including: Preferred shares|0.00|0.00|0.00|
|Perpetual bonds|0.00|0.00|0.00|
|Capital reserves|37,590,966,191.00|37,590,966,191.00|0.00|
|Less: Treasury stock|0.00|0.00|0.00|
|Other comprehensive income|-28,507,585.00|-284,608,843.00|-256,101,258.00|
|Specific reserve|0.00|0.00|0.00|
|Surplus reserves|1,152,626,310.00|1,152,625,429.00|-881.00|
|Retained earnings|2,392,243,713.00|2,648,336,936.00|256,093,223.00|
|Total owners’ equity|75,905,727,392.00|75,905,718,476.00|-8,916.00|
|Total liabilities and owners’ equity|152,744,106,491.00|152,744,097,575.00|-8,916.00|

 Note for adjustment:
The Company starts to implement the Accounting Standards for Business Enterprises No. 22 - Recognition and Measurement of Financial Instruments, the Accounting Standards for Business Enterprises No. 23– Transfer of Financial Assets, the Accounting Standards for Business Enterprises No. 24– Hedging Accounting, and the Accounting Standards for Business Enterprises No. 37– Presentation of Financial Instruments which are revised in 2017 since 1 January 2019 and adjust the financial statements of the first execution year as required by standards.
(4) Retroactive Adjustments to Comparative Data of Prior Years when First Execution of any New Standards Governing Financial Instruments or Leases
□ Applicable√ Not applicable
35. Others
Naught
BOE Technology Group Co., Ltd. Interim Report 2019 VI. Taxation
1. Main Taxes and Tax Rate
||||
|-|-|-|
|Category of taxes|Tax basis|Tax rate|
||Output VAT is calculated on the income from product sales,||
||taxable labor services and provision of taxable services, based on|6%，9%，10%，11%，13%，|
|VAT|||
||tax laws. The remaining balance of output VAT, after subtracting|16%，17%|
||the deductible input VAT of the period, is VAT payable.||
|Urban maintenance and|Based on business tax and VAT paid and the VAT tax free for the||
|||7%，5%|
|construction tax|Period||
|Enterprise income tax|Based on taxable income|15%-25%|
|Education surcharge and local|Based on business tax and VAT paid and the VAT tax free for the||
|||3%，2%|
|education surcharge|Period||

Notes of the disclosure situation of the taxpaying bodies with different enterprises income tax rate
|||
|-|-|
|Name|Income tax rate|
|BOE Technology Group Co., Ltd.|15%|
|Beijing BOE Optoelectronics Technology Co., Ltd.|15%|
|Chengdu BOE Optoelectronics Technology Co., Ltd.|15%|
|Hefei BOE Optoelectronics Technology Co., Ltd.|15%|
|Beijing BOE Display Technology Co., Ltd.|15%|
|Hefei Xinsheng Optoelectronics Technology Co., Ltd.|15%|
|Erdos Yuansheng Optoelectronics Co., Ltd.|15%|
|Chongqing BOE Optoelectronics Technology Co., Ltd.|15%|
|Hefei BOE Display Technology Co., Ltd.|15%|
|Fuzhou BOE Optoelectronics Technology Co., Ltd.|15%|
|Mianyang BOE Optoelectronics Technology Co., Ltd.|15%|
|BOE (Hebei) Mobile Display Technology Co., Ltd.|15%|
|Beijing BOE Special Display Technology Co., Ltd.|15%|
|Beijing BOE Energy Technology Co., Ltd.|15%|
|Beijing BOE Multimedia Technology Co., Ltd.|15%|
|BOE Optical Science and Technology Co., Ltd.|15%|
|Beijing BOE Tea Valley Electronic Co., Ltd.|15%|
|Hefei BOE Display Light Source Co., Ltd.|15%|
|Chongqing BOE Display Lighting Co., Ltd.|15%|
|Beijing BOE Semi-conductor Co., Ltd.|15%|

BOE Technology Group Co., Ltd. Interim Report 2019
|||
|-|-|
|Hefei BOE Semi-conductor Co., Ltd.|15%|
|Beijing BOE Vacuum Electronics Co., Ltd.|15%|
|Beijing BOE Vacuum Technology Co., Ltd.|15%|
|Beijing Asahi Electron Material Co., Ltd.|15%|
|BOE Intelligent Technology Co., Ltd.|15%|

 2. Tax Preference
||||
|-|-|-|
|||Authority of Approval, Approval Document|
|Company|Policy basis||
|||No. and Valid Period|
|Hefei BOE OptoelectronicsTechnology Co., Ltd.|According to corresponding provision stipulatedin CS [2010] No.100—Notice on Returning theExcess VAT Paid at the End of the Periodrelated to Partial Projects’ Imported Equipmentby Ministry of Finance SAT, it’s allowed toreturn the excess VAT paid at the end of theperiod related to partial projects’ importedequipment.|On 4 November 2010, Ministry of Financeand SAT jointly issued CS [2010] No.100Document, it’s allowed to return the excessVAT paid at the end of the period related topartial projects’ imported equipment, and thedocument was officially implemented from 1December 2010 on.|
|Beijing BOE DisplayTechnology Co., Ltd.Hefei BOE OptoelectronicsTechnology Co., Ltd.Hefei Xinsheng OptoelectronicsTechnology Co., Ltd.|According to CS [2011] No. 107--Notice onReturning the Excess VAT Paid at the End ofthe Period related to Integrated CircuitEnterprise’s Purchase of Equipment by Ministryof Finance SAT, it’s allowed to return theexcess VAT paid at the end of the period by themajor integrated circuit enterprise forpurchasing the equipment.|On 4 November 2010, Ministry of Financeand SAT jointly issued CS [2011] No.107Document, it’s allowed to return the excessVAT paid at the end of the period by themajor integrated circuit enterprise forpurchasing the equipment and the documentwas officially implemented from 1 November2011 on.|
|Beijing BOE DisplayTechnology Co., Ltd.Erdos YuanshengOptoelectronics Co., Ltd.Chongqing BOE OptoelectronicsTechnology Co., Ltd.|According to CGS [2012] No. 17—Notice onvarious Policies related to VAT Payment byInstallments for the Imported EquipmentInvolved in the Significant New FPD Project byMinistry of Finance General Administration ofCustoms, the significant new FPD projectenterprises were allowed to pay correspondingnew key imported equipment VAT byinstallments.|On 4 November 2010, Ministry of Financeand General Administration of Customsjointly issued CS [2012] No.17 Document, thesignificant new FPD project enterprises wereallowed to pay corresponding new keyimported equipment VAT by installments, andthe document was officially implementedfrom 1 January 2011 on.|
|Hefei Xinsheng OptoelectronicsTechnology Co., Ltd.|According to CGS [2013] No. 63—Notice onthe Policy of Tax Payment by Installmentsgranted to the 3rd Batch of New FPD Project byMinistry of Finance General Administration ofCustoms, the significant new FPD projectenterprises were allowed to pay correspondingnew key imported equipment VAT by|In September 2013, Ministry of Finance andGeneral Administration of Customs jointlyissued CS [2013] No.63 Document, thesignificant new FPD project enterprises wereallowed to pay corresponding new keyimported equipment VAT by installments, andthe document was officially implemented|

BOE Technology Group Co., Ltd. Interim Report 2019
||||
|-|-|-|
||installments.|from March 2013 on.|
|Hefei BOE Display TechnologyCo., Ltd.Fuzhou BOE OptoelectronicsTechnology Co., Ltd.Chengdu BOE OptoelectronicsTechnology Co., Ltd.|In June 2016, Ministry of Finance issued [2016]No.30 Document. According to the document,in terms of the new FPD project and new keyequipment imported between 1 January 2015and 31 December 2018. Import VAT could bepaid by installments within 6 years (72consecutive months) after the first device wasimported.|In 2016, Ministry of Finance, GeneralAdministration of Customs and SAT jointlyissued CS [2016] No.30 Notice on variousPolicies related to VAT Payment byInstallments for the Imported EquipmentInvolved in the New FPD Project. Accordingto the document, in terms of the new FPDproject and new key equipment importedbetween 1 January 2015 and 31 December2018. Import VAT could be paid byinstallments within 6 years (72 consecutivemonths) after the first device was imported.|

 3. Others
Naught
VII. Notes on Major Items in Consolidated Financial Statements of the Company
1. Monetary Capital
Unit: RMB
||||
|-|-|-|
|Item|Ending balance|Beginning balance|
|Cash on hand|528,768.00|537,805.00|
|Bank deposits|40,202,349,838.00|43,340,146,382.00|
|Other monetary capital|6,988,792,091.00|8,140,855,524.00|
|Total|47,191,670,697.00|51,481,539,711.00|
|Of which: the total amount deposited overseas|4,013,274,534.00|5,012,219,357.00|

 Other notes
Including: Total overseas deposits were equivalent to RMB4,013,274,534.
As at 30 June 2019, other monetary funds were pledged by the Group amounting to USD154,000,000 (2018: USD305,000,000) for short-term loans, and RMB1,353,140,291 (2018: RMB142,547,192 and USD18,500,000) were pledged for long-term loans. The rest of other restricted monetary funds amount to RMB4,536,493,045, and they are mainly the margin deposits for security deposited in the bank.
2. Trading Financial Assets
Unit: RMB
||||
|-|-|-|
|Item|Ending balance|Beginning balance|
|Financial assets at fair value through profit or loss|3,932,990,942.00|5,534,413,566.00|

BOE Technology Group Co., Ltd. Interim Report 2019
||||
|-|-|-|
|Of which:|||
|Financial assets designated to be measured at fair value|||
|and changes thereof recorded into the current profit or|0.00|0.00|
|loss|||
|Of which:|||
|total|3,932,990,942.00|5,534,413,566.00|

 Other notes:
Naught
3. Notes Receivable
(1) Notes Receivable Listed by Category
Unit: RMB
||||
|-|-|-|
|Item|Ending balance|Beginning balance|
|Bank acceptance bill|139,552,718.00|655,081,577.00|
|Commercial acceptance bill|1,371,417.00|1,700,000.00|
|Total|140,924,135.00|656,781,577.00|

 If the bad debt provision for notes receivable was withdrawn in accordance with the general model of expected credit losses, information related to bad debt provision shall be disclosed by reference to the disclosure method of other receivables:
□ Applicable√ Not applicable
(2) Bad Debt Provision Withdrawn, Reversed or Collected during the Reporting Period
Bad debt provision withdrawn in the Reporting Period:
Unit: RMB
|||||||
|-|-|-|-|-|-|
|||Increase/decrease||||
|Category|Beginning balance||Reversed or||Ending balance|
|||Withdrawn||Verified||
||||collected|||
|Naught||||||

Of which, bad debt provision collected or reversed with significant amount:
□ Applicable√ Not applicable
(3) Notes Receivable Pledged by the Company at the Period-end
Unit: RMB
|||
|-|-|
|Item|Amount|
|Bank acceptance bill|0.00|

BOE Technology Group Co., Ltd. Interim Report 2019
|||
|-|-|
|Commercial acceptance bill|0.00|
|Total|0.00|

 (4) 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
||||
|-|-|-|
||Amount of recognition termination at the|Amount of not terminated recognition at|
|Item|||
||period-end|the period-end|
|Bank acceptance bill|85,698,911.00|47,900,262.00|
|Commercial acceptance bill|0.00|1,371,417.00|
|Total|85,698,911.00|49,271,679.00|

 (5) Notes Transferred to Accounts Receivable because Drawer of the Notes Failed to Execute the Contract or Agreement
Unit: RMB
|||
|-|-|
||Amount of the notes transferred to accounts receivable at the|
|Item||
||period-end|
|Commercial acceptance bill|0.00|
|Total|0.00|

 Other notes
Naught
(6) Notes Receivable with Actual Verification for the Reporting Period
Unit: RMB
|||
|-|-|
|Item|Amount|
|Naught||

Of which, verification of significant notes receivable:
Unit: RMB
|||||||
|-|-|-|-|-|-|
||||||Whether occurred|
||||||because of|
|Name of the entity|Nature|Amount|Reason|Procedure||
||||||related-party|
||||||transactions|
|Naught||||||

Notes of the verification of notes receivable:
Naught
BOE Technology Group Co., Ltd. Interim Report 2019 4. Accounts Receivable
(1) Accounts Receivable Classified by Category
Unit: RMB
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
||Ending balance|||||Beginning balance|||||
||Carrying amount||Bad debt provision|||Carrying amount||Bad debt provision|||
|Category|||||||||||
|||||Withdrawal|Carrying value||||Withdrawal|Carrying value|
||Amount|Proportion|Amount|||Amount|Proportion|Amount|||
|||||proportion|||||proportion||
|Accounts receivable with|||||||||||
|single bad debt provision|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|accrued|||||||||||
|Of which:|||||||||||
|N/A|||||||||||
|Accounts receivable with|||||||||||
|bad debt provision|||||||||||
||19,607,717,635.00|100.00%|340,044,585.00|2.00%|19,267,673,050.00|20,200,002,348.00|100.00%|325,510,229.00|2.00%|19,874,492,119.00|
|withdrawn according to|||||||||||
|groups|||||||||||
|Of which:|||||||||||
|N/A|||||||||||
|Total|19,607,717,635.00|100.00%|340,044,585.00|2.00%|19,267,673,050.00|20,200,002,348.00|100.00%|325,510,229.00|2.00%|19,874,492,119.00|

 Single bad debt provision accrued:
BOE Technology Group Co., Ltd. Interim Report 2019 Unit: RMB
||||||
|-|-|-|-|-|
||Ending balance||||
|Name|||||
||Carrying amount|Bad debt provision|Withdrawal proportion|Withdrawal reason|
|N/A|||||
|Total|||--|--|

Bad debt provision withdrawn according to groups:
Unit: RMB
|||||
|-|-|-|-|
||Ending balance|||
|Name||||
||Carrying amount|Bad debt provision|Withdrawal proportion|
|Credit risks characteristics|19,607,717,635.00|340,044,585.00|2.00%|
|Total|19,607,717,635.00|340,044,585.00|--|

Notes of the basis for recognizing the group:
Naught
If the bad debt provision for accounts receivable was withdrawn in accordance with the general model of expected credit losses, information related to bad debt provision shall be disclosed by reference to the disclosure method of other receivables:
√Applicable□ Not applicable
Withdrawal of bad debt provision
Unit: RMB
||||||
|-|-|-|-|-|
||Phase I|Phase II|Phase III||
||Expected credit|Expected credit losses for|Expected credit losses for||
|Bad debt provision||||Total|
||losses in the next 12|the whole existence period|the whole existence period||
||months|(no credit impairment)|(with credit impairment)||
|Balance on 1 January|||||
||0.00|5,103,730.00|320,406,499.00|325,510,229.00|
|2019|||||
|Balance of 1 January|||||
|2019 in the Reporting|——|——|——|——|
|Period|||||
|--Transferred to the|||||
||0.00|0.00|0.00|0.00|
|Phase II|||||
|--Transferred to the|||||
||0.00|0.00|0.00|0.00|
|Phase III|||||
|--Reversed to the Phase|||||
||0.00|0.00|0.00|0.00|
|II|||||
|--Reversed to the Phase I|0.00|0.00|0.00|0.00|
|Withdrawn in the Current|||||
||0.00|1,366,584.00|13,183,163.00|14,549,747.00|
|Period|||||
|Reversed in the Current|||||
||0.00|636,890.00|0.00|636,890.00|
|Period|||||

BOE Technology Group Co., Ltd. Interim Report 2019
||||||
|-|-|-|-|-|
|write-off in the Current|||||
||0.00|0.00|0.00|0.00|
|Period|||||
|Verified in the Current|||||
||0.00|0.00|0.00|0.00|
|Period|||||
|Other changes|0.00|-3,504.00|625,003.00|621,499.00|
|Balance on 30 June 2019|0.00|5,829,920.00|334,214,665.00|340,044,585.00|

 Disclosed by aging
Unit: RMB
|||
|-|-|
|Aging|Ending balance|
|Within 1 year (including 1 year)|19,135,881,070.00|
|1 to 2 years|124,570,022.00|
|2 to 3 years|211,440,420.00|
|over 3 years|135,826,123.00|
|Total|19,607,717,635.00|

 (2) Bad Debt Provision Withdrawn, Reversed or Recovered in the Reporting Period
The bad debt provision withdrawn in the Current Period was RMB14,549,747.00, and the bad debt provision recovered or reversed in the Reporting Period was RMB636,890.00.
(3) Accounts Receivable with Actual Verification for the Reporting Period
Not applicable
(4) Top 5 of the Ending Balance of the Accounts Receivable Collected according to the Arrears Party The total amount of the accounts receivable of the top 5 of the Group at the period-end was of RMB10,194,327,444.00 that covered51.99% of the total amount of the ending balance of the accounts receivable at the period-end, which no need to withdraw the bad debt provision after the assessment.
(5) Derecogniziton of Accounts Receivable due to the Transfer of Financial Assets
Not applicable
(6) The Amount of the Assets and Liabilities Formed due to the Transfer and the Continued Involvement of Accounts Receivable
Not applicable
BOE Technology Group Co., Ltd. Interim Report 2019 5. Prepayments
(1) List by Aging Analysis
Unit: RMB
||||||
|-|-|-|-|-|
||Ending balance||Beginning balance||
|Aging|||||
||Amount|Proportion|Amount|Proportion|
|Within 1 year|574,080,021.00|85.63%|721,657,321.00|93.64%|
|1 to 2 years|85,713,054.00|12.79%|46,363,026.00|6.02%|
|2 to 3 years|9,620,182.00|1.44%|2,035,569.00|0.26%|
|Over 3 years|977,255.00|0.15%|577,532.00|0.07%|
|Total|670,390,512.00|--|770,633,448.00|--|

Notes of the reasons of the prepayment aging over 1 year with significant amount but failed settled in time:
The Group has no such over-1-year-old prepayments with a substantial amount that were not settled in time.
(2) Top 5 of the Ending Balance of the Prepayments Collected according to the Prepayment Target
The total amount of the prepayment of the top 5 of the Group at the period-end was of RMB438,563,518.00 that covered65.42% of the total amount of the ending balance of the prepayment at the period-end.
Other notes: naught
6. Other Receivables
Unit: RMB
||||
|-|-|-|
|Item|Ending balance|Beginning balance|
|Interest receivable|173,298,920.00|140,597,317.00|
|Dividends receivable|4,367,120.00|3,711,768.00|
|Other receivables|484,954,863.00|2,308,980,623.00|
|Total|662,620,903.00|2,453,289,708.00|

 (1) Interest Receivable
1) Category of Interest Receivable
Unit: RMB
||||
|-|-|-|
|Item|Ending balance|Beginning balance|
|Fixed time deposit|173,298,920.00|140,597,317.00|
|Entrusted loans|0.00|0.00|
|Bond investment|0.00|0.00|
|Total|173,298,920.00|140,597,317.00|

BOE Technology Group Co., Ltd. Interim Report 2019 2) Significant Overdue Interest
Unit: RMB
||||||
|-|-|-|-|-|
|||||Whether occurred|
|Entity|Ending balance|Overdue time|Overdue reason|impairment and the|
|||||judgment basis|
|Naught|||||

Other notes:
Naught
3) Withdrawal of bad debt provision
□ Applicable√ Not applicable
(2) Dividends Receivable
1) Dividends Receivable
Unit: RMB
||||
|-|-|-|
|Item (or investees)|Ending balance|Beginning balance|
|Bank of Chongqing|3,896,529.00|0.00|
|Beijing Electronics Zone Co., Ltd.|0.00|3,711,768.00|
|TPV Technology|470,591.00|0.00|
|Total|4,367,120.00|3,711,768.00|

 2) Significant Dividends Receivable Aged over 1 Year
Unit: RMB
||||||
|-|-|-|-|-|
|||||Whether occurred|
|Item (or investees)|Ending balance|Aging|Reason|impairment and the|
|||||judgment basis|
|Naught|||||

3) Withdrawal of bad debt provision
□ Applicable√ Not applicable
Other notes: naught
(3) Other Receivables
1) Other Receivables Classified by Account Nature
Unit: RMB
||||
|-|-|-|
|Nature|Ending carrying amount|Beginning carrying amount|
|Accounts receivable for equity transfer|200,000,000.00|200,000,000.00|
|Cash deposit and cash pledge|124,833,259.00|148,893,918.00|
|VAT refunds|11,089,687.00|415,687,566.00|

BOE Technology Group Co., Ltd. Interim Report 2019
||||
|-|-|-|
|Wealth management receivables|0.00|1,408,094,816.00|
|Other|156,574,278.00|137,530,098.00|
|Total|492,497,224.00|2,310,206,398.00|

 2) Withdrawal of Bad Debt Provision
Unit: RMB
||||||
|-|-|-|-|-|
||Phase I|Phase II|Phase III||
||Expected credit|Expected credit losses for|Expected credit losses for||
|Bad debt provision||||Total|
||losses in the next|the whole existence period|the whole existence period||
||12 months|(no credit impairment)|(with credit impairment)||
|Balance on 1 January 2019|0.00|1,114,609.00|111,166.00|1,225,775.00|
|Balance of 1 January 2019 in the|||||
||——|——|——|——|
|Reporting Period|||||
|--Transferred to the Phase II|0.00|0.00|0.00|0.00|
|--Transferred to the Phase III|0.00|0.00|0.00|0.00|
|--Reversed to the Phase II|0.00|0.00|0.00|0.00|
|--Reversed to the Phase I|0.00|0.00|0.00|0.00|
|Withdrawn in the Current Period|0.00|545,697.00|5,836,303.00|6,382,000.00|
|Reversed in the Current Period|0.00|64,412.00|0.00|64,412.00|
|write-off in the Current Period|0.00|0.00|0.00|0.00|
|Verified in the Current Period|0.00|1,100.00|0.00|1,100.00|
|Other changes|0.00|98.00|0.00|98.00|
|Balance on 30 June 2019|0.00|1,594,892.00|5,947,469.00|7,542,361.00|

 Changes in carrying amount of provision for loss with significant changes in amount in the Reporting Period
□ Applicable√ Not applicable
Disclosed by aging
Unit: RMB
|||
|-|-|
|Aging|Ending balance|
|Within 1 year (including 1 year)|211,296,265.00|
|1 to 2 years|20,108,014.00|
|2 to 3 years|12,447,806.00|
|Over 3 years|248,645,139.00|
|Total|492,497,224.00|

 3) Bad Debt Provision Withdrawn, Reversed or Recovered in the Reporting Period
The bad debt provision withdrawn in the Current Period was RMB6,382,000.00, and the bad debt provision recovered or reversed in
the Reporting Period was RMB64,412.00.
4) Other Receivables with Actual Verification in the Reporting Period
BOE Technology Group Co., Ltd. Interim Report 2019 Unit: RMB
|||
|-|-|
|Item|Amount verified|
|Customer 1|1,100.00|

 Of which, the verification of significant other receivables:
Unit: RMB
|||||||
|-|-|-|-|-|-|
||||||Whether occurred|
||||Reason for||because of|
|Name of the entity|Nature|Amount verified||Procedure||
||||verification||related-party|
||||||transactions|
|Naught||||||

Notes of verification of other receivables:
None
5) Top 5 of the Ending Balance of the Other Receivables Collected according to the Arrears Party
Unit: RMB
|||||||
|-|-|-|-|-|-|
|||||Proportion to ending||
||||||Ending balance of|
|Name of the entity|Nature|Ending balance|Aging|balance of other||
||||||bad debt provision|
|||||receivables%||
||Accounts receivable|||||
|Customer 1||200,000,000.00|Over 5 years|40.61%|0.00|
||for equity transfer|||||
||Cash deposit and|||||
|Customer 2||39,500,000.00|3 to 4 years|8.02%|0.00|
||cash pledge|||||
||Utilities, fees for|||||
|Customer 3|gas, heat and power,|38,565,098.00|Within 1 year|7.83%|0.00|
||etc. other|||||
|Customer 4|Rental income, other|14,063,662.00|Within 1 year|2.86%|0.00|
|Customer 5|other|11,495,000.00|Over 5 years|2.33%|0.00|
|Total|--|303,623,760.00|--|61.65%||

6) Accounts Receivable Involving Government Subsidies
Unit: RMB
||||||
|-|-|-|-|-|
||Project of government|||Estimated recovering|
|Name of the entity||Ending balance|Aging at period-end||
||subsidies|||time, amount and basis|
|Naught|||||

7) Derecogniziton of Other Receivables due to the Transfer of Financial Assets
Naught
8) The Amount of the Assets and Liabilities Formed due to the Transfer and the Continued Involvement of Other Receivables Naught
Other notes:
Naught
BOE Technology Group Co., Ltd. Interim Report 2019 7. Inventories
Has implemented the new standards governing revenue or not
□ Yes√ No
(1) Category of Inventories
Unit: RMB
||||||||
|-|-|-|-|-|-|-|
||Ending balance|||Beginning balance|||
|Item|||||Falling price||
||Carrying amount|Falling price reserves|Carrying value|Carrying amount||Carrying value|
||||||reserves||
|Raw materials|4,778,202,798.00|253,152,715.00|4,525,050,083.00|4,350,466,710.00|293,435,033.00|4,057,031,677.00|
|Goods in process|1,523,923,584.00|146,601,394.00|1,377,322,190.00|1,442,498,808.00|150,867,947.00|1,291,630,861.00|
|Inventory goods|9,638,395,244.00|1,309,861,204.00|8,328,534,040.00|7,770,574,684.00|1,244,503,744.00|6,526,070,940.00|
|Turnover materials|121,655,602.00|72,456.00|121,583,146.00|113,493,354.00|2,828,660.00|110,664,694.00|
|Consumptive living assets|0.00|0.00|0.00|0.00|0.00|0.00|
|Finished but unsettled assets|||||||
||0.00|0.00|0.00|0.00|0.00|0.00|
|generated from, construction contract|||||||
|Total|16,062,177,228.00|1,709,687,769.00|14,352,489,459.00|13,677,033,556.00|1,691,635,384.00|11,985,398,172.00|

 Whether the Company needs satisfy relevant disclosure requirements stated in SZSE Industrial Information Disclosure Guidance No. 4-Listed Company Specialized in Seed Industry or Planting Business or not?
No
(2) Falling Price Reserves of Inventories
Unit: RMB
BOE Technology Group Co., Ltd. Interim Report 2019
||||||||
|-|-|-|-|-|-|-|
|||Increase||Decrease|||
|Item|Beginning balance|||||Ending balance|
|||Withdrawal|Other|Reverse or write-off|Other||
|Raw materials|293,435,033.00|90,137,452.00|0.00|130,419,770.00|0.00|253,152,715.00|
|Goods in process|150,867,947.00|41,179,527.00|0.00|45,446,080.00|0.00|146,601,394.00|
|Inventory goods|1,244,503,744.00|863,560,222.00|0.00|798,202,762.00|0.00|1,309,861,204.00|
|Turnover materials|2,828,660.00|0.00|0.00|2,756,204.00|0.00|72,456.00|
|Consumptive living assets|0.00|0.00|0.00|0.00|0.00|0.00|
|Finished but unsettled assets|||||||
||0.00|0.00|0.00|0.00|0.00|0.00|
|generated from, construction contract|||||||
|Total|1,691,635,384.00|994,877,201.00|0.00|976,824,816.00|0.00|1,709,687,769.00|

 Naught
(3) Notes to the Ending Balance of Inventories Including Capitalized Borrowing Expense
Not applicable
(4) Completed but Unsettled Assets Generated from Construction Contacts at the Period-end
Unit: RMB
|||
|-|-|
|Item|Amount|
|Accumulated incurred losses|0.00|
|Accumulated recognized gross margin|0.00|
|Less: estimated losses|0.00|
|Amount with settlement|0.00|
|Completed but unsettled assets resulting from construction contracts at the end of the period|0.00|

Other notes: Naught
BOE Technology Group Co., Ltd. Interim Report 2019 8. Current Portion of Non-current Assets
Unit: RMB
||||
|-|-|-|
|Item|Ending balance|Beginning balance|
|Current portion of investments in debt obligations|0.00|0.00|
|Current portion of other investments in debt obligations|0.00|0.00|
|Total|0.00|0.00|

 Significant investments in debt obligations /other investments in debt obligations
Unit: RMB
||||||||||
|-|-|-|-|-|-|-|-|-|
||Ending balance||||Beginning balance||||
|Item|||Actual|Maturity|||Actual|Maturity|
||Par value|Coupon rate|||Par value|Coupon rate|||
||||interest rate|date|||interest rate|date|
|Naught|||||||||
|Total||——|——|——||——|——|——|

 Other notes:Naught
9. Other Current Assets
Has implemented the new standards governing revenue or not
□ Yes√ Not
Unit: RMB
||||
|-|-|-|
|Item|Ending balance|Beginning balance|
|VAT retained|5,843,671,073.00|4,841,165,133.00|
|Input tax to be verified and deducted|2,102,601,313.00|1,773,794,503.00|
|Advance payment of income tax|157,205,300.00|132,824,503.00|
|Other|207,534,207.00|180,876,074.00|
|Total|8,311,011,893.00|6,928,660,213.00|

 Other notes: Naught
10. Investments in debt obligations
Unit: RMB
||||||||
|-|-|-|-|-|-|-|
||Ending balance|||Beginning balance|||
|Item||Impairment|||Impairment||
||Carrying amount||Carrying value|Carrying amount||Carrying value|
|||provision|||provision||
|Convertible|||||||
||17,960,946.00|17,960,946.00|0.00|17,960,946.00|17,960,946.00|0.00|
|bonds of modern|||||||

BOE Technology Group Co., Ltd. Interim Report 2019
||||||||
|-|-|-|-|-|-|-|
|LCD|||||||
|Total|17,960,946.00|17,960,946.00|0.00|17,960,946.00|17,960,946.00|0.00|

 Significant investments in debt obligations
Unit: RMB
||||||||||
|-|-|-|-|-|-|-|-|-|
||Ending balance||||Beginning balance||||
|Item|||Actual|Maturity|||Actual|Maturity|
||Par value|Coupon rate|||Par value|Coupon rate|||
||||interest rate|date|||interest rate|date|
|Naught|||||||||

Withdrawal of impairment provision
Unit: RMB
||||||
|-|-|-|-|-|
||Phase I|Phase II|Phase III||
|||Expected credit losses for|Expected credit losses for||
|Bad debt provision|Expected credit losses|||Total|
|||the whole existence period|the whole existence period||
||in the next 12 months||||
|||(no credit impairment)|(with credit impairment)||
|Balance on 1 January 2019|0.00|0.00|17,960,946.00|17,960,946.00|
|Balance of 1 January 2019 in the|||||
||——|——|——|——|
|Reporting Period|||||
|--Transferred to the Phase II|0.00|0.00|0.00|0.00|
|--Transferred to the Phase III|0.00|0.00|0.00|0.00|
|--Reversed to the Phase II|0.00|0.00|0.00|0.00|
|--Reversed to the Phase I|0.00|0.00|0.00|0.00|
|Withdrawn in the Current Period|0.00|0.00|0.00|0.00|
|Reversed in the Current Period|0.00|0.00|0.00|0.00|
|write-off in the Current Period|0.00|0.00|0.00|0.00|
|Verified in the Current Period|0.00|0.00|0.00|0.00|
|Other changes|0.00|0.00|0.00|0.00|
|Balance on 30 June 2019|0.00|0.00|17,960,946.00|17,960,946.00|

 Changes in carrying amount of provision for losses with significant amount in the Reporting Period
□ Applicable√ Not applicable
Other notes:
Naught
BOE Technology Group Co., Ltd. Interim Report 2019
11. Long-term Equity Investment
Unit: RMB
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
|||Increase/decrease||||||||||
|||||||||Withdra||||
|||||Gains and losses|Adjustment of|Chang|Cash bonus or|wal of|||Ending balance|
|Investees|Beginning balance|Additional|Reduced|recognized|other|es of|profits|impairm||Ending balance|of depreciation|
||||||||||Other|||
|||investment|investment|under the equity|comprehensive|other|announced to|ent|||reserve|
|||||method|income|equity|issue|provisio||||
|||||||||n||||
|I. Joint ventures||||||||||||
|Subtotal|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|II. Associated enterprises||||||||||||
|Beijing Nissin||||||||||||
|Electronics Precision|538,489.00|0.00|0.00|-534,864.00|0.00|0.00|0.00|0.00|0.00|3,625.00|0.00|
|Component Co., Ltd.||||||||||||
|Beijing Nittan||||||||||||
||61,733,085.00|0.00|0.00|2,152,314.00|0.00|0.00|-3,000,000.00|0.00|0.00|60,885,399.00|0.00|
|Electronics Co., Ltd.||||||||||||
|Beijing Yingfei Hailin||||||||||||
|Venture Capital||||||||||||
||435,828.00|0.00|0.00|-435,828.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|Management Co.,||||||||||||
|Ltd.||||||||||||
|Ordos BOE Energy||||||||||||
|Investment Co., Ltd.||||||||||||
||370,321,340.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|370,321,340.00|537,136,972.00|
|(BOE Energy||||||||||||
|Investment)||||||||||||
|Beijing Fly Hailin||||||||||||
||82,336,933.00|0.00|0.00|-332,938.00|0.00|0.00|0.00|0.00|0.00|82,003,995.00|0.00|
|Investment Center||||||||||||

BOE Technology Group Co., Ltd. Interim Report 2019
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
|TPV Display||||||||||||
|Technology (China)|23,001,359.00|0.00|0.00|-2,258,314.00|0.00|0.00|0.00|0.00|0.00|20,743,045.00|0.00|
|Co., Ltd.||||||||||||
|Beijing Xindong||||||||||||
|Neng Investment||||||||||||
||1,455,174,877.00|0.00|37,081,499.00|-7,203,989.00|175,359,777.00|0.00|0.00|0.00|0.00|1,586,249,166.00|0.00|
|Fund (limited||||||||||||
|partnership)||||||||||||
|Beijing Xindong||||||||||||
|Neng Investment||||||||||||
||5,188,862.00|0.00|0.00|987,022.00|0.00|0.00|0.00|0.00|0.00|6,175,884.00|0.00|
|Management Co.,||||||||||||
|Ltd.||||||||||||
|Shenzhen Yunyinggu||||||||||||
||15,481,506.00|0.00|0.00|-8,660,243.00|0.00|0.00|0.00|0.00|0.00|6,821,263.00|0.00|
|Technology Co., Ltd.||||||||||||
|Beijing XLOONG||||||||||||
||22,609,211.00|0.00|0.00|-232,848.00|0.00|0.00|0.00|0.00|0.00|22,376,363.00|0.00|
|Technology Co., Ltd.||||||||||||
|NewOnTechnology||||||||||||
||3,185,494.00|0.00|0.00|0.00|12,723.00|0.00|0.00|0.00|0.00|3,198,217.00|0.00|
|Co.Ltd.||||||||||||
|CnogaMedical Ltd.|343,160,000.00|0.00|0.00|0.00|575,000.00|0.00|0.00|0.00|0.00|343,735,000.00|0.00|
|Hefei Xin Jing Yuan||||||||||||
|Electronic Materials|2,999,902.00|0.00|0.00|-33,979.00|0.00|0.00|0.00|0.00|0.00|2,965,923.00|0.00|
|Co., Ltd.||||||||||||
|Beijing Zhonglianhe||||||||||||
|Ultra HD||||||||||||
|Collaborative|3,000,000.00|0.00|0.00|-18,294.00|0.00|0.00|0.00|0.00|0.00|2,981,706.00|0.00|
|Technology Center||||||||||||
|Co., Ltd.||||||||||||
|Beijing Innovation|0.00|100,000,000.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|100,000,000.00|0.00|

BOE Technology Group Co., Ltd. Interim Report 2019
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
|Industry Investment||||||||||||
|Co., Ltd.||||||||||||
|Beijing Electronic||||||||||||
|Control Investment|0.00|17,000,000.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|17,000,000.00|0.00|
|Co., Ltd.||||||||||||
|Subtotal|2,389,166,886.00|117,000,000.00|37,081,499.00|-16,571,961.00|175,947,500.00|0.00|-3,000,000.00|0.00|0.00|2,625,460,926.00|537,136,972.00|
|Total|2,389,166,886.00|117,000,000.00|37,081,499.00|-16,571,961.00|175,947,500.00|0.00|-3,000,000.00|0.00|0.00|2,625,460,926.00|537,136,972.00|

 Other notes
None
BOE Technology Group Co., Ltd. Interim Report 2019 12. Other Equity Instrument Investment
Unit: RMB
||||
|-|-|-|
|Item|Ending balance|Beginning balance|
|TPV Technology|11,865,989.00|25,613,279.00|
|Electronic Zone|108,956,662.00|83,995,943.00|
|Beijing Digital TV National Engineering Laboratory Co., Ltd.|6,250,000.00|6,250,000.00|
|Bank of Chongqing|102,206,616.00|98,705,065.00|
|China Securities|58,219,470.00|44,412,577.00|
|New Century Medical Treatment|75,472,547.00|125,909,253.00|
|Teralane Semiconductor Inc|11,868,000.00|11,868,000.00|
|Zhejiang BOE Display Technology Co., Ltd.|321,256.00|321,256.00|
|Zhejiang Qiusheng Optoelectronics Technology Co., Ltd.|248,776.00|248,776.00|
|Danhua Capital, L. P.|25,780,125.00|25,737,000.00|
|Danhua Capital II, L.P.|63,590,975.00|63,484,600.00|
|Kateeva Inc.|82,118,292.00|81,980,924.00|
|DEPICT INC.|13,749,400.00|13,726,400.00|
|MOOV INC.|27,612,607.00|27,566,417.00|
|ZGLUE INC.|10,312,038.00|10,294,788.00|
|Nanosys INC|51,560,250.00|51,474,000.00|
|Ceribell INC|8,937,102.00|8,922,152.00|
|Baebies INC|30,205,280.00|30,154,753.00|
|Illumina Fund I,L.P.|14,795,186.00|10,490,744.00|
|Total|704,070,571.00|721,155,927.00|

 Disclosure of Non-trading Equity Instrument Investment
Unit: RMB
||||||||
|-|-|-|-|-|-|-|
|||||Amount of||Reason of|
||||||Reason for assigning||
|||||other||other|
||||||to measure at fair||
||Dividend|||compressive||comprehensiv|
|||Accumulative|Accumulative||value and changes||
|Item|income|||income||e income|
|||gains|losses||recorded into other||
||recognized|||transferred to||transferred to|
||||||comprehensive||
|||||retained||retained|
||||||income||
|||||earnings||earnings|
||||||Non-trading equity||
|TPV Technology|470,591.00|0.00|122,792,169.00|0.00||Naught|
||||||instrument||
|Electronic Zone|1,883,379.00|18,796,234.00|0.00|0.00|Non-trading equity|Naught|

BOE Technology Group Co., Ltd. Interim Report 2019
||||||||
|-|-|-|-|-|-|-|
||||||instrument||
||||||Non-trading equity||
|Bank of Chongqing|3,820,841.00|0.00|33,197,286.00|0.00||Naught|
||||||instrument||
||||||Non-trading equity||
|China Securities|0.00|0.00|11,192,865.00|0.00||Naught|
||||||instrument||
|New Century Medical|||||Non-trading equity||
||0.00|0.00|65,790,317.00|0.00||Naught|
|Treatment|||||instrument||
|Zhejiang BOE Display|||||Non-trading equity||
||0.00|0.00|59,638,453.00|0.00||Naught|
|Technology Co., Ltd.|||||instrument||
|Zhejiang Qiusheng|||||||
||||||Non-trading equity||
|Optoelectronics Technology|0.00|0.00|46,183,150.00|0.00||Naught|
||||||instrument||
|Co., Ltd.|||||||
||||||Non-trading equity||
|Meta Company|0.00|0.00|34,315,949.00|0.00||Naught|
||||||instrument||
||||||Non-trading equity||
|Other units|0.00|0.00|180,000.00|0.00||Naught|
||||||instrument||

Other notes: None
13. Other Non-current Financial Liabilities
Unit: RMB
||||
|-|-|-|
|Item|Ending balance|Beginning balance|
|Financial assets at fair value through profit|13,757,311.00|12,866,432.00|
|or loss|||
|Total|13,757,311.00|12,866,432.00|

 Other notes:
None
14. Investment Property
(1) Investment Property Adopted the Cost Measurement Mode
√ Applicable□ Not applicable
Unit: RMB
||||||
|-|-|-|-|-|
|Item|Houses and buildings|Land use right|Construction in progress|Total|
|I. Original carrying value|||||
|1. Beginning balance|1,012,158,845.00|687,434,677.0|0 0.00|1,699,593,522.00|
|2.Increased amount of|||||
||0.00|0.0|0 0.00|0.00|
|the period|||||

BOE Technology Group Co., Ltd. Interim Report 2019
||||||
|-|-|-|-|-|
|(1) Outsourcing|0.00|0.00|0.00|0.00|
|(2)Transfer from|||||
|inventory/fixed|||||
||0.00|0.00|0.00|0.00|
|assets/construction in|||||
|progress|||||
|(3)Enterprise|||||
||0.00|0.00|0.00|0.00|
|combination increase|||||
|3. Decreased amount of|||||
||148,919.00|0.00|0.00|148,919.00|
|the period|||||
|(1) Disposal|0.00|0.00|0.00|0.00|
|(2) Other transfer|148,919.00|0.00|0.00|148,919.00|
|4. Ending balance|1,012,009,926.00|687,434,677.00|0.00|1,699,444,603.00|
|II.Accumulative|||||
|depreciation and|||||
|accumulative|||||
|amortization|||||
|1. Beginning balance|288,576,169.00|127,149,702.00|0.00|415,725,871.00|
|2. Increased amount of|||||
||15,573,246.00|6,811,349.00|0.00|22,384,595.00|
|the period|||||
|(1)Withdrawal or|||||
||15,573,246.00|6,811,349.00|0.00|22,384,595.00|
|amortization|||||
|3. Decreased amount of|||||
||140,016.00|0.00|0.00|140,016.00|
|the period|||||
|(1) Disposal|0.00|0.00|0.00|0.00|
|(2) Other transfer|140,016.00|0.00|0.00|140,016.00|
|4. Ending balance|304,009,399.00|133,961,051.00|0.00|437,970,450.00|
|III. Depreciation reserves|0.00|0.00|0.00|0.00|
|1. Beginning balance|0.00|0.00|0.00|0.00|
|2.Increased amount of|||||
||0.00|0.00|0.00|0.00|
|the period|||||
|(1) Withdrawal|0.00|0.00|0.00|0.00|
|3. Decreased amount of|||||
||0.00|0.00|0.00|0.00|
|the period|||||
|(1) Disposal|0.00|0.00|0.00|0.00|
|(2) Other transfer|0.00|0.00|0.00|0.00|
|4. Ending balance|0.00|0.00|0.00|0.00|
|IV. Carrying value|||||

BOE Technology Group Co., Ltd. Interim Report 2019
||||||
|-|-|-|-|-|
|1. Ending carrying value|708,000,527.00|553,473,626.00|0.00|1,261,474,153.00|
|2.Beginning carrying|||||
||723,582,676.00|560,284,975.00|0.00|1,283,867,651.00|
|value|||||

(2) Investment Property Adopted the Fair Value Measurement Mode
□ Applicable√ Not applicable
(3) Investment Property with Certificate of Title Uncompleted
Unit: RMB
||||
|-|-|-|
|Item|Carrying value|Reason|
|None|||

Othernotes：None
15. Fixed Assets
Unit: RMB
||||
|-|-|-|
|Item|Ending balance|Beginning balance|
|Fixed assets|128,481,365,480.00|128,157,730,995.00|
|Disposal of fixed assets|0.00|0.00|
|Total|128,481,365,480.00|128,157,730,995.00|

 (1) List of Fixed Assets
Unit: RMB
||||||
|-|-|-|-|-|
|Item|Houses and buildings|Equipment|Other|Total|
|I. Original carrying value|||||
|1. Beginning balance|36,749,694,289.00|152,959,161,443.00|3,253,525,318.00|192,962,381,050.00|
|2. Increased amount of the|||||
||1,302,811,328.00|7,612,615,563.00|643,066,692.00|9,558,493,583.00|
|period|||||
|(1) Purchase|1,434,114.00|334,604,862.00|262,146,699.00|598,185,675.00|
|(2) Transfer from|||||
||1,300,645,690.00|7,272,362,086.00|380,262,302.00|8,953,270,078.00|
|construction in progress|||||
|(3) Enterprise combination|||||
||0.00|0.00|0.00|0.00|
|increase|||||
|(4) Differences arising from|||||
|translation of foreign|731,524.00|5,648,615.00|657,691.00|7,037,830.00|
|currency-denominated|||||

BOE Technology Group Co., Ltd. Interim Report 2019
||||||
|-|-|-|-|-|
|financial statements|||||
|3. Decreased amount of the|||||
||0.00|167,721,482.00|9,571,717.00|177,293,199.00|
|period|||||
|(1) Disposal or scrap|0.00|97,741,482.00|9,571,717.00|107,313,199.00|
|(2) Other decrease|0.00|69,980,000.00|0.00|69,980,000.00|
|4. Ending balance|38,052,505,617.00|160,404,055,524.00|3,887,020,293.00|202,343,581,434.00|
|II. Accumulative depreciation|||||
|1. Beginning balance|4,287,202,025.00|58,402,866,713.00|1,461,718,975.00|64,151,787,713.00|
|2. Increased amount of the|||||
||848,570,449.00|7,878,017,113.00|386,755,104.00|9,113,342,666.00|
|period|||||
|(1) Withdrawal|848,285,495.00|7,873,384,172.00|386,566,670.00|9,108,236,337.00|
|(2) Differences arising from|||||
|translation of foreign|||||
||284,954.00|4,632,941.00|188,434.00|5,106,329.00|
|currency-denominated|||||
|financial statements|||||
|3. Decreased amount of the|||||
||0.00|48,145,553.00|6,094,090.00|54,239,643.00|
|period|||||
|(1) Disposal or scrap|0.00|48,145,553.00|6,094,090.00|54,239,643.00|
|4. Ending balance|5,135,772,474.00|66,232,738,273.00|1,842,379,989.00|73,210,890,736.00|
|III. Depreciation reserves|||||
|1. Beginning balance|1,085,094.00|644,638,064.00|7,139,184.00|652,862,342.00|
|2. Increased amount of the|||||
||0.00|0.00|0.00|0.00|
|period|||||
|(1) Withdrawal|0.00|0.00|0.00|0.00|
|3. Decreased amount of the|||||
||0.00|1,398,661.00|138,463.00|1,537,124.00|
|period|||||
|(1) Disposal or scrap|0.00|1,398,661.00|138,463.00|1,537,124.00|
|4. Ending balance|1,085,094.00|643,239,403.00|7,000,721.00|651,325,218.00|
|IV. Carrying value|||||
|1. Ending carrying value|32,915,648,049.00|93,528,077,848.00|2,037,639,583.00|128,481,365,480.00|
|2. Beginning carrying value|32,461,407,170.00|93,911,656,666.00|1,784,667,159.00|128,157,730,995.00|

 (2) Temporarily Idle Fixed Assets
Unit: RMB
|||||||
|-|-|-|-|-|-|
||Original carrying|Accumulated|Provisions for|||
|Item||||Carrying value|Note|
||value|depreciation|impairment|||

BOE Technology Group Co., Ltd. Interim Report 2019
||
|-|
|None|

(3) Fixed Assets Leased in by Financing Lease
Unit: RMB
||||||
|-|-|-|-|-|
|||Accumulated|Provisions for||
|Item|Original carrying value|||Carrying value|
|||depreciation|impairment||
|Workshops and buildings|11,291,665.00|4,483,849.00|0.00|6,807,816.00|
|Machinery equipment|111,358,145.00|7,816,271.00|0.00|103,541,874.00|

 (4) Fixed Assets Leased out by Operating Lease
Unit: RMB
|||
|-|-|
|Item|Ending carrying value|
|Fixed assets leased out by operating lease|18,135,184.00|

 (5) List of Fixed Assets with Certificate of Title Uncompleted
Unit: RMB
||||
|-|-|-|
|Item|Carrying value|Reason|
|Fixed assets with certificate of title|||
||15,840,670,803.00|In process|
|uncompleted|||

Other notes:None
(6) Disposal of Fixed Assets
Unit: RMB
||||
|-|-|-|
|Item|Ending balance|Beginning balance|
|None|0.00|0.00|
|Total|0.00|0.00|

 Other notes:None
16. Construction in Progress
Unit: RMB
||||
|-|-|-|
|Item|Ending balance|Beginning balance|
|Construction in progress|71,479,480,514.00|56,423,354,887.00|
|Engineering materials|0.00|0.00|
|Total|71,479,480,514.00|56,423,354,887.00|

BOE Technology Group Co., Ltd. Interim Report 2019
(1) List of Construction in Progress
Unit: RMB
||||||||
|-|-|-|-|-|-|-|
||Ending balance|||Beginning balance|||
|Item||Depreciation|||Depreciation||
||Carrying amount||Carrying value|Carrying amount||Carrying value|
|||reserves|||reserves||
|The 6th generation AMOLED|||||||
||30,049,388,048.00|0.00|30,049,388,048.00|23,065,639,272.00|0.00|23,065,639,272.00|
|project|||||||
|The 10.5th generation TFT-LCD|||||||
||16,478,266,210.00|0.00|16,478,266,210.00|5,226,487,285.00|0.00|5,226,487,285.00|
|project|||||||
|The 6th generation LTPS /|||||||
||16,163,399,649.00|0.00|16,163,399,649.00|15,759,483,392.00|0.00|15,759,483,392.00|
|AMOLED project|||||||
|Other|8,788,426,607.00|0.00|8,788,426,607.00|12,371,744,938.00|0.00|12,371,744,938.00|
|Total|71,479,480,514.00|0.00|71,479,480,514.00|56,423,354,887.00|0.00|56,423,354,887.00|

 (2) Changes in Significant Construction in Progress during the Reporting Period
Unit: RMB
||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|
||||||||Proporti||||Capita||
||||||||on of||||lizatio||
|||||||||||Of which:|||
||||||||accumul||||n rate||
||||||||||Accumulated|Amount of||Capita|
||||||Other||ated||||of||
|||Beginning|Increased|Transferred in||Ending||Job|amount of|capitalized||l|
|Item|Budget||||decreased||investme||||interes||
|||balance|amount|fixed assets||balance||schedule|interest|interests for the||resour|
||||||amount||nt in||||ts for||
||||||||||capitalization|Reporting||ces|
||||||||construc||||the||
|||||||||||Period|||
||||||||tions to||||Report||
||||||||budget||||ing||

BOE Technology Group Co., Ltd. Interim Report 2019
||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|
||||||||||||Period||
|The 6th||||||||||||Self-ra|
|generation||||||||||||ising|
|LTPS /|44,800,000,000.00|15,759,483,392.00|2,055,945,099.00|1,654,225,615.00|2,186,522.00|16,159,016,354.00|78.65%|78.65%|591,016,437.00|208,042,341.00|2.49%|and|
|AMOLED||||||||||||borro|
|project||||||||||||wing|
|||||||||||||Self-ra|
|The 6th|||||||||||||
|||||||||||||ising|
|generation|||||||||||||
||44,500,000,000.00|23,065,639,272.00|7,124,394,239.00|140,645,463.00|0.00|30,049,388,048.00|69.71%|69.71%|296,625,755.00|240,348,884.00|4.49%|and|
|AMOLED|||||||||||||
|||||||||||||borro|
|project|||||||||||||
|||||||||||||wing|
|||||||||||||Self-ra|
|The 10.5th|||||||||||||
|||||||||||||ising|
|generation|||||||||||||
||44,000,000,000.00|5,226,487,285.00|11,251,778,925.00|0.00|0.00|16,478,266,210.00|38.08%|38.08%|1,195,055.00|1,195,055.00|2.64%|and|
|TFT-LCD|||||||||||||
|||||||||||||borro|
|project|||||||||||||
|||||||||||||wing|
||133,300,000,000.0||||||||||||
|Total||44,051,609,949.00|20,432,118,263.00|1,794,871,078.00|2,186,522.00|62,686,670,612.00|--|--|888,837,247.00|449,586,280.00|0.00%|--|
||0||||||||||||

(3) Provisions for Impairment of Construction in Progress during the Reporting Period
Unit: RMB
||||
|-|-|-|
|Item|Withdrawal amount|Reason for withdrawal|
|None|||

Other notes
None
BOE Technology Group Co., Ltd. Interim Report 2019
(4) Engineering Materials
Unit: RMB
||||||||
|-|-|-|-|-|-|-|
||Ending balance|||Beginning balance|||
|Item|||||||
||Carrying amount|Depreciation reserves|Carrying value|Carrying amount|Depreciation reserves|Carrying value|
|None|||||||
|Total|||0.00|||0.00|

 Other notes: None
17. Intangible Assets
(1) List of Intangible Assets
Unit: RMB
|||||||||
|-|-|-|-|-|-|-|-|
||||Non-patent|Patent right and proprietary||||
|Item|Land use right|Patent right|||Computer software|Other|Total|
||||technologies|technology||||
|I. Original carrying value||||||||
|1. Beginning balance|2,685,702,901.00|0.00|0.00|3,290,629,308.00|902,371,299.00|1,226,628,617.00|8,105,332,125.00|
|2. Increased amount of the||||||||
||822,611,959.00|0.00|0.00|343,111,176.00|37,753,808.00|41,337,600.00|1,244,814,543.00|
|period||||||||
|(1) Purchase|122,688,995.00|0.00|0.00|343,111,176.00|12,742,884.00|41,337,600.00|519,880,655.00|
|(2) Internal R&D|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|(3) Business combination||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|increase||||||||
|(4) Transfer from construction||||||||
||699,922,964.00|0.00|0.00|0.00|25,010,924.00|0.00|724,933,888.00|
|in progress||||||||

BOE Technology Group Co., Ltd. Interim Report 2019
|||||||||
|-|-|-|-|-|-|-|-|
|3. Decreased amount of the||||||||
||17,664.00|0.00|0.00|0.00|508,547.00|0.00|526,211.00|
|period||||||||
|(1) Disposal|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|(2) Other decrease|17,664.00|0.00|0.00|0.00|508,547.00|0.00|526,211.00|
|4. Ending balance|3,508,297,196.00|0.00|0.00|3,633,740,484.00|939,616,560.00|1,267,966,217.00|9,349,620,457.00|
|II. Accumulated amortization||||||||
|1. Beginning balance|228,473,302.00|0.00|0.00|1,285,634,672.00|535,554,303.00|117,990,454.00|2,167,652,731.00|
|2. Increased amount of the||||||||
||37,719,317.00|0.00|0.00|156,689,115.00|52,844,790.00|31,805,695.00|279,058,917.00|
|period||||||||
|(1) Withdrawal|37,719,317.00|0.00|0.00|156,689,115.00|52,844,790.00|31,805,695.00|279,058,917.00|
|3. Decreased amount of the||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|period||||||||
|(1) Disposal|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|4. Ending balance|266,192,619.00|0.00|0.00|1,442,323,787.00|588,399,093.00|149,796,149.00|2,446,711,648.00|
|III. Depreciation reserves||||||||
|1. Beginning balance|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|2. Increased amount of the||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|period||||||||
|(1) Withdrawal|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|3. Decreased amount of the||||||||
||0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|period||||||||

BOE Technology Group Co., Ltd. Interim Report 2019
|||||||||
|-|-|-|-|-|-|-|-|
|(1) Disposal|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|4. Ending balance|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|IV. Carrying value||||||||
|1. Ending carrying value|3,242,104,577.00|0.00|0.00|2,191,416,697.00|351,217,467.00|1,118,170,068.00|6,902,908,809.00|
|2. Beginning carrying value|2,457,229,599.00|0.00|0.00|2,004,994,636.00|366,816,996.00|1,108,638,163.00|5,937,679,394.00|

 The proportion of intangible assets generated from the internalR&D of the Company to the balance of intangible assets at the period-end:0.00%
(2) Land Use Right with Certificate of Title Uncompleted
Unit: RMB
||||
|-|-|-|
|Item|Carrying value|Reason|
|None|||

Other notes: None
BOE Technology Group Co., Ltd. Interim Report 2019 18. Goodwill
(1) Original Carrying Value of Goodwill
Unit: RMB
||||||||
|-|-|-|-|-|-|-|
|Name of the invested units or events|||||||
||Beginning balance|Increase||Decrease||Ending balance|
|generating goodwill|||||||
|Beijing Yinghe Century Co., Ltd.|42,940,434.00|0.00|0.00|0.00|0.00|42,940,434.00|
|Gaochuang (Suzhou) Electronics Co.,|||||||
||8,562,464.00|0.00|0.00|0.00|0.00|8,562,464.00|
|Ltd.|||||||
|Beijing BOE Optoelectronics|||||||
||4,423,876.00|0.00|0.00|0.00|0.00|4,423,876.00|
|Technology Co., Ltd.|||||||
|BOE Healthcare Investment &|||||||
||146,460,790.00|0.00|0.00|0.00|0.00|146,460,790.00|
|Management Co., Ltd.|||||||
|SES Imagotag SA Co. Ltd.|706,406,821.00|0.00|0.00|0.00|0.00|706,406,821.00|
|Total|908,794,385.00|0.00|0.00|0.00|0.00|908,794,385.00|

 (2) Provisions for Impairment of Goodwill
Unit: RMB
||||||||
|-|-|-|-|-|-|-|
|Name of the invested units or|||||||
||Beginning balance|Increase||Decrease||Ending balance|
|events generating goodwill|||||||
|Beijing BOE Optoelectronics|||||||
||4,423,876.00|0.00|0.00|0.00|0.00|4,423,876.00|
|Technology Co., Ltd.|||||||
|Total|4,423,876.00|0.00|0.00|0.00|0.00|4,423,876.00|

 Information of assets group or the combination of assets group where goodwill is
||||||
|-|-|-|-|-|
|||Determination method of|Carrying amount of||
|||||Combination|
||Composition of assets group or the|assets group or the|assets group or the||
|Name of assets group||||of assets group|
||combination of assets group|combination of assets|combination of||
|||||changed or not|
|||group|assets group||
|||Cash inflow generated|852,998,117.00||
|Beijing Yinghe Century Co.,|Assets of Beijing Yinghe Century||||
|||independent of other assets||No|
|Ltd.|Co., Ltd.||||
|||or assets group|||
|||Cash inflow generated|1,355,364,080.00||
|Gaochuang (Suzhou)|Assets of Gaochuang (Suzhou)||||
|||independent of other assets||No|
|Electronics Co., Ltd.|Electronics Co., Ltd.||||
|||or assets group|||
|Beijing BOE Optoelectronics|Assets of Beijing BOE|Cash inflow generated|4,691,384,329.00|No|

BOE Technology Group Co., Ltd. Interim Report 2019
||||||
|-|-|-|-|-|
|Technology Co., Ltd.|Optoelectronics Technology Co.,|independent of other assets|||
||Ltd.|or assets group|||
|||Cash inflow generated|246,603,069.00||
|BOE Healthcare Investment &|Assets of OASIS International||||
|||independent of other assets||No|
|Management Co., Ltd.|Hospital||||
|||or assets group|||
||Assets of SES Imagotag SA||3,024,707,813.00||
|||Cash inflow generated|||
||Co.Ltd. and Chongqing BOE||||
|SES Imagotag SA Co.Ltd.||independent of other assets||No|
||Intelligent Electronic System Co.,||||
|||or assets group|||
||Ltd.||||

Notes of the testing process of goodwill impairment, key parameters(growth rate of predictive period in estimating he present value of future cash flow, grow rate of stable period, profit rate, discount rate, predictive period, etc.) and the recognition method of goodwill impairment losses:
The Company estimated the present value of future cash flow as calculating the recoverable amount of Yinghe Century, Suzhou K-Tronics, Health Investment and SES based on the the most recent five-year financial budgets and a pre-tax discount rate of8.44%,6.62%,6.80% and23.01% respectively. The cash flows over five-year financial budgets remain stable.
Notes of the recognition method of goodwill impairment losses, refer to V-31.
The influence of testing goodwill: None
Other notes: None
19. Long-term Prepaid Expense
Unit: RMB
|||||||
|-|-|-|-|-|-|
||||Amortization|||
|||||Other decreased||
|Item|Beginning balance|Increased amount|amount of the||Ending balance|
|||||amount||
||||period|||
|Cost of construction and use of||||||
||98,072,789.00|0.00|7,685,111.00|0.00|90,387,678.00|
|public facilities||||||
|Cost of operating lease assets||||||
||20,351,453.00|0.00|5,926,275.00|0.00|14,425,178.00|
|improvement||||||
|Other|242,216,611.00|110,226,217.00|48,275,285.00|1,495,150.00|302,672,393.00|
|Total|360,640,853.00|110,226,217.00|61,886,671.00|1,495,150.00|407,485,249.00|

 Other notes: None
20. Deferred Income Tax Assets/Deferred Income Tax Liabilities
(1) Deferred Income Tax Assets Had Not Been Off-set
Unit: RMB
||||||
|-|-|-|-|-|
||Ending balance||Beginning balance||
|Item|||||
||Deductible temporary|Deferred income tax|Deductible temporary|Deferred income|

BOE Technology Group Co., Ltd. Interim Report 2019
||||||
|-|-|-|-|-|
||difference|assets|difference|tax assets|
|Provision for impairment of assets|386,571,126.00|68,342,060.00|391,727,136.00|69,662,802.00|
|Internal unrealized profit|0.00|0.00|0.00|0.00|
|Deductable losses|274,481,892.00|82,199,600.00|230,110,593.00|67,447,589.00|
|Differences of depreciation and|||||
||124,591,284.00|22,403,658.00|125,811,735.00|22,699,045.00|
|amortization|||||
|Evaluation increment of investment|||||
|in subsidiaries with immovable|139,333,887.00|34,833,472.00|142,110,808.00|35,527,702.00|
|property|||||
|Advances from customers|0.00|0.00|290,000,000.00|43,500,000.00|
|Other|219,093,132.00|42,448,316.00|219,548,492.00|42,572,983.00|
|Total|1,144,071,321.00|250,227,106.00|1,399,308,764.00|281,410,121.00|

 (2) Deferred Income Tax Liabilities Had Not Been Off-set
Unit: RMB
||||||
|-|-|-|-|-|
||Ending balance||Beginning balance||
|Item|Deductible temporary|Deferred income tax|Deductible temporary|Deferred income|
||difference|liabilities|difference|tax liabilities|
|Asset evaluation increment of|||||
|business combination not under the|2,687,151,909.00|806,792,354.00|2,777,250,385.00|835,036,150.00|
|same control|||||
|Changes in fair value of other|||||
||0.00|0.00|0.00|0.00|
|creditors’ investment|||||
|Changes in fair value of other equity|||||
||46,103,720.00|6,915,558.00|34,890,291.00|5,233,544.00|
|instrument investment|||||
|Depreciation of fixed assets|3,851,265,296.00|608,406,638.00|3,248,856,623.00|517,769,740.00|
|Long-term equity investment|360,863,027.00|54,129,454.00|360,863,027.00|54,129,454.00|
|Bond interest|71,525,943.00|10,728,891.00|71,525,943.00|10,728,891.00|
|Other|223,111,302.00|22,708,984.00|241,446,716.00|25,512,265.00|
|Total|7,240,021,197.00|1,509,681,879.00|6,734,832,985.00|1,448,410,044.00|

 (3) Deferred Income Tax Assets or Liabilities Listed by Net Amount after Off-set
Unit: RMB
||||||
|-|-|-|-|-|
||Mutual set-off amount of|Ending balance of|Mutual set-off amount of|Beginning balance of|
|Item|||||
||deferred income tax|deferred income tax|deferred income tax|deferred income tax|
||assets and liabilities at|assets or liabilities after|assets and liabilities at|assets or liabilities after|

BOE Technology Group Co., Ltd. Interim Report 2019
||||||
|-|-|-|-|-|
||the period-end|off-set|the period-begin|off-set|
|Deferred income tax||219,508,593.00|||
||30,718,513.00||29,036,499.00|252,373,622.00|
|assets|||||
|Deferred income tax||1,478,963,366.00|||
||30,718,513.00||29,036,499.00|1,419,373,545.00|
|liabilities|||||

(4) List of Unrecognized Deferred Income Tax Assets
Unit: RMB
||||
|-|-|-|
|Item|Ending balance|Beginning balance|
|Deductible temporary difference|8,719,829,410.00|9,073,884,112.00|
|Deductible losses|8,747,237,628.00|6,752,930,780.00|
|Total|17,467,067,038.00|15,826,814,892.00|

 (5) Deductible Losses of Unrecognized Deferred Income Tax Assets will Due in the Following Years Unit: RMB
|||||
|-|-|-|-|
|Years|Ending amount|Beginning amount|Notes|
|Y2019|0.00|38,076,038.00|Naught|
|Y2020|59,149,932.00|59,149,932.00|Naught|
|Y2021|52,190,671.00|52,190,671.00|Naught|
|Y2022|531,563,409.00|528,642,251.00|Naught|
|Y2023|686,639,477.00|669,677,506.00|Naught|
|Y2024|686,179,935.00|125,649,689.00|Naught|
|Y2025|512,243,532.00|512,243,532.00|Naught|
|Y2026|233,283,462.00|233,283,462.00|Naught|
|Y2027|133,672,001.00|133,672,001.00|Naught|
|Y2028|4,218,431,457.00|4,296,683,816.00|Naught|
|Y2029|1,530,221,870.00|0.00|Naught|
|Other|103,661,882.00|103,661,882.00|Naught|
|Total|8,747,237,628.00|6,752,930,780.00|--|

Other notes:
According to the applicable local tax laws, Loss of some overseas subsidiaries of the Group has indefinite carry-over period to deduct the future taxable income.
21. Other Non-current Assets
Whether the Company has executed the new income standards
BOE Technology Group Co., Ltd. Interim Report 2019□ Yes√ No
Unit: RMB
||||
|-|-|-|
|Item|Ending balance|Beginning balance|
|The VAT collection of imported equipment|3,948,863,762.00|3,187,164,914.00|
|Prepayment for procurement of fixed|||
||2,180,573,049.00|2,896,176,554.00|
|assets|||
|Excess VAT paid|2,621,901,055.00|1,488,605,413.00|
|Other|780,839,037.00|321,055,172.00|
|Total|9,532,176,903.00|7,893,002,053.00|

 Other notes: None
22. Short-term Borrowings
(1) Category of Short-term Borrowings
Unit: RMB
||||
|-|-|-|
|Item|Ending balance|Beginning balance|
|Pledge loans|1,000,000,000.00|2,269,014,875.00|
|Mortgage loans|0.00|344,480,302.00|
|Guaranteed loans|0.00|0.00|
|Credit loans|6,719,908,693.00|2,836,459,708.00|
|Total|7,719,908,693.00|5,449,954,885.00|

 Notes of category of short-term borrowings: None
(2) Overdue and Outstanding Short-term Borrowings
The total overdue and outstanding short-term borrowings was RMB0.00, of which, the significant ones were listed as follows: Unit: RMB
||||||
|-|-|-|-|-|
|Unit|Ending balance|Loan interest rate|Overdue time|Overdue charge rate|
|None|||||

Other notes: None
23. Notes Payable
Unit: RMB
||||
|-|-|-|
|Category|Ending balance|Beginning balance|
|Trade acceptance bill|33,322,011.00|264,534,018.00|
|Bank’s acceptance bill|1,027,908,880.00|326,575,254.00|

BOE Technology Group Co., Ltd. Interim Report 2019
||||
|-|-|-|
|Total|1,061,230,891.00|591,109,272.00|

 The total overdue and outstanding notes payable at the period-end were RMBXXX.
24. Accounts Payable
(1) List of Accounts Payable
Unit: RMB
||||
|-|-|-|
|Item|Ending balance|Beginning balance|
|Accounts payable of connected parties|32,351,984.00|30,361,810.00|
|Accounts payable of the third-party|20,531,568,839.00|22,183,594,806.00|
|Total|20,563,920,823.00|22,213,956,616.00|

 (2) Significant Accounts Payable Aging over One Year
Unit: RMB
||||
|-|-|-|
|Item|Ending balance|Unpaid/ Un-carry-over reason|
|None|||

Other notes: None
25. Advances from Customers
Whether the Company has executed the new income standards
□ Yes√ No
(1) List of Advances from Customers
Unit: RMB
||||
|-|-|-|
|Item|Ending balance|Beginning balance|
|Advances from customers of connected parties|10,679.00|1,111.00|
|Advances from customers of the third-party|1,245,349,097.00|1,218,933,632.00|
|Total|1,245,359,776.00|1,218,934,743.00|

 (2) Significant Advances from Customers Aging over One Year
Unit: RMB
||||
|-|-|-|
|Item|Ending balance|Unpaid/ Un-carry-over reason|
|None|||

BOE Technology Group Co., Ltd. Interim Report 2019 (3) Uncompleted but Settled Items Resulting from Construction Contracts at the Period-end
Unit: RMB
|||
|-|-|
|Item|Amount|
|Accumulated incurred cost|0.00|
|Accumulated recognized gross margin|0.00|
|Less: Estimated losses|0.00|
|Settlement amount|0.00|
|Completed but unsettled items resulting from construction||
||0.00|
|contracts||

Other notes: None
26. Payroll Payable
(1) List of Payroll Payable
Unit: RMB
||||||
|-|-|-|-|-|
|Item|Beginning balance|Increase|Decrease|Ending balance|
|I. Short-term salary|2,175,807,665.00|5,118,440,766.00|6,016,696,272.00|1,277,552,159.00|
|II. Post-employment|||||
||34,353,845.00|446,990,491.00|455,239,875.00|26,104,461.00|
|benefit-defined contribution plans|||||
|III. Termination benefits|14,769,661.00|1,690,111.00|1,739,846.00|14,719,926.00|
|IV. Other benefits due within one|||||
||0.00|0.00|0.00|0.00|
|year|||||
|Total|2,224,931,171.00|5,567,121,368.00|6,473,675,993.00|1,318,376,546.00|

 (2) List of Short-term Salary
Unit: RMB
||||||
|-|-|-|-|-|
|Item|Beginning balance|Increase|Decrease|Ending balance|
|1. Salary, bonus, allowance,|1,817,946,511.00|4,169,283,240.00|5,043,580,100.00|943,649,651.00|
|subsidy|||||
|2. Employee welfare|0.00|334,548,858.00|334,548,858.00|0.00|
|3. Social insurance|31,310,324.00|254,934,674.00|254,281,366.00|31,963,632.00|
|Of which: Medical insurance|||||
||27,150,184.00|229,760,947.00|229,288,705.00|27,622,426.00|
|premiums|||||
|Work-related injury insurance|2,048,914.00|12,891,645.00|12,903,301.00|2,037,258.00|
|Maternity insurance|2,111,226.00|12,282,082.00|12,089,360.00|2,303,948.00|

BOE Technology Group Co., Ltd. Interim Report 2019
||||||
|-|-|-|-|-|
|4. Housing fund|22,081,660.00|261,387,790.00|263,228,710.00|20,240,740.00|
|5.Labor union budget and|||||
||274,477,650.00|92,457,978.00|96,584,933.00|270,350,695.00|
|employee education budget|||||
|6. Short-term compensated|||||
||0.00|0.00|0.00|0.00|
|absence|||||
|7. Short-term profit-sharing plan|0.00|0.00|0.00|0.00|
|8. Employee bonus and welfare|||||
||7,282,591.00|0.00|0.00|7,282,591.00|
|fund|||||
|9. Other short-term salary|22,708,929.00|5,828,226.00|24,472,305.00|4,064,850.00|
|Total|2,175,807,665.00|5,118,440,766.00|6,016,696,272.00|1,277,552,159.00|

 (3) List of Defined Contribution Plans
Unit: RMB
||||||
|-|-|-|-|-|
|Item|Beginning balance|Increase|Decrease|Ending balance|
|1. Basic pension benefits|29,206,273.00|425,733,306.00|430,197,567.00|24,742,012.00|
|2. Unemployment|||||
||964,893.00|15,067,739.00|15,641,053.00|391,579.00|
|insurance|||||
|3. Annuity|4,182,679.00|6,189,446.00|9,401,255.00|970,870.00|
|Total|34,353,845.00|446,990,491.00|455,239,875.00|26,104,461.00|

 Other notes: None
27. Taxes Payable
Unit: RMB
||||
|-|-|-|
|Item|Ending balance|Beginning balance|
|VAT|150,005,574.00|112,292,699.00|
|Consumption tax|0.00|0.00|
|Corporate income tax|277,951,727.00|387,053,187.00|
|Personal income tax|26,520,741.00|39,659,862.00|
|Urban maintenance and construction tax|78,343,132.00|205,222,860.00|
|Education surcharge and local education|||
||46,494,761.00|148,544,558.00|
|surcharge|||
|Other|33,687,253.00|77,335,132.00|
|Total|613,003,188.00|970,108,298.00|

Other notes:
None
BOE Technology Group Co., Ltd. Interim Report 2019 28. Other Payables
Unit: RMB
||||
|-|-|-|
|Item|Ending balance|Beginning balance|
|Interest payable|893,836,112.00|1,016,761,921.00|
|Dividends payable|10,999,707.00|23,648,778.00|
|Other accounts payable|25,297,379,612.00|21,916,569,129.00|
|Total|26,202,215,431.00|22,956,979,828.00|

 (1) Interest Payable
Unit: RMB
||||
|-|-|-|
|Item|Ending balance|Beginning balance|
|Long-term loan interest of installment|||
|payment of interest and repay the due|886,685,964.00|762,123,837.00|
|capital|||
|Enterprise bond interest|0.00|246,821,918.00|
|Interest paid for short-term borrowings|7,150,148.00|7,816,166.00|
|Interest of preferred shares/perpetual bonds|||
||0.00|0.00|
|classified as financial liabilities|||
|Total|893,836,112.00|1,016,761,921.00|

 Significant overdue and outstanding interests:
Unit: RMB
||||
|-|-|-|
|Entity|Overdue amount|Overdue reason|
|None|||

Other notes:
None
(2) Dividends Payable
Unit: RMB
||||
|-|-|-|
|Item|Ending balance|Beginning balance|
|Ordinary share dividends|10,999,707.00|23,648,778.00|
|Dividends of preferred shares/perpetual|||
||0.00|0.00|
|bonds classified as equity instruments|||
|Total|10,999,707.00|23,648,778.00|

Other notes, including the reason for unpayment of significant dividends payable unpaid for over one year: None
BOE Technology Group Co., Ltd. Interim Report 2019 (3) Other Accounts Payable
1) Other Accounts Payable Listed by Nature of Account
Unit: RMB
||||
|-|-|-|
|Item|Ending balance|Beginning balance|
|Engineering and equipment|21,545,410,992.00|18,042,357,713.00|
|The VAT collection of imported equipment|1,462,687,811.00|1,400,000,000.00|
|Pre-withdrawal water and electricity &|||
||556,309,425.00|606,071,394.00|
|logistics freight|||
|Margin|520,741,366.00|440,792,988.00|
|External agency fee|55,659,961.00|53,393,714.00|
|Other|1,156,570,057.00|1,373,953,320.00|
|Total|25,297,379,612.00|21,916,569,129.00|

 2) Significant Other Accounts Payable Aging over One Year
Unit: RMB
||||
|-|-|-|
|Item|Ending balance|Unpaid/Un-carry-over reason|
|None|||

Other notes: None
29. Non-current Liabilities Due within One Year
Unit: RMB
||||
|-|-|-|
|Item|Ending balance|Beginning balance|
|Long-term loans due within 1 year|7,170,056,176.00|5,388,485,615.00|
|Bonds payable due within 1 year|0.00|0.00|
|Long-term accounts payable due within 1|||
||112,936,757.00|209,077,589.00|
|year|||
|Lease liabilities due within 1 year|0.00|0.00|
|Total|7,282,992,933.00|5,597,563,204.00|

 Other notes: None
30. Other Current Liabilities
Whether the Company has executed the new income standards
□ Yes√ No
The ending balance amount of other current liabilies is RMB1,143,477,445.00.
The other current liabilities of the Group were warranty provision.
Increase or decrease in short-term bonds payable:
BOE Technology Group Co., Ltd. Interim Report 2019 Unit: RMB
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
|||||||Issued in||Amortization|Repayment||
||||||||Withdrawal of||||
|Bond|Par|Issuing||Issuing|Beginning|the||of premium|in the|Ending|
||||Duration||||interest by par||||
|name|value|date||amount|balance|Current||and|Reporting|balance|
||||||||value||||
|||||||Period||depreciation|Period||
|None|||||||||||

Other notes: None
31. Long-term Borrowings
(1) Category of Long-term Borrowings
Unit: RMB
||||
|-|-|-|
|Item|Ending balance|Beginning balance|
|Pledge loan|2,208,409,413.00|2,282,358,683.00|
|Mortgage loan|70,482,455,673.00|65,103,423,213.00|
|Guaranteed loan|660,000,000.00|660,000,000.00|
|Credit loan|34,574,088,005.00|26,734,295,968.00|
|Total|107,924,953,091.00|94,780,077,864.00|

 Notes of the category of long-term borrowings: None
Other notes, including the interest rate range: None
32. Bonds Payable
(1) Bonds Payable
Unit: RMB
||||
|-|-|-|
|Item|Ending balance|Beginning balance|
|Bonds payable|309,933,489.00|10,288,666,233.00|
|Total|309,933,489.00|10,288,666,233.00|

BOE Technology Group Co., Ltd. Interim Report 2019
(2) Increase/Decrease of Bonds Payable (Excluding Other Financial Instruments Classified as Financial Liabilities such as Preferred Shares and Perpetual Bonds)
Unit: RMB
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
|||||||||||Differences||
|||||||||||arising from||
|||||||Issued in||Amortization||translation of||
||||||||Withdrawal of|||||
|Bond||Issuing||||the||of premium|Repayment in the|foreign||
||Par value||Duration|Issuing amount|Beginning balance||interest by par||||Ending balance|
|name||date||||Current||and|Reporting Period|currency-deno||
||||||||value|||||
|||||||Period||depreciation||minated||
|||||||||||financial||
|||||||||||statements||
||RMB|21 March||RMB||||||||
|16BOE01|||5 years||9,976,533,425.00|0.00|315,369,589.00|23,466,575.00|10,315,369,589.00|0.00|0.00|
||10,000,000,000.00|2016||10,000,000,000.00||||||||
|||29||||||||||
||Euro|||Euro||||||||
|Euro PP||December|7 years||78,470,471.00|0.00|1,343,510.00|0.00|0.00|-307,460.00|79,506,521.00|
||10,000,000.00|||10,000,000.00||||||||
|||2016||||||||||
||Euro|29 March||Euro||||||||
|Euro PP|||6 years||233,662,337.00|0.00|4,030,530.00|-6,350,373.00|0.00|-915,526.00|230,426,968.00|
||30,000,000.00|2017||30,000,000.00||||||||
|Total|--|--|--|10,313,892,000.00|10,288,666,233.00|0.00|320,743,629.00|17,116,202.00|10,315,369,589.00|-1,222,986.00|309,933,489.00|

 (3) Explanations on Share Transfer Conditions and Time for Convertible Corporate Bonds
None
(4) Other Financial Instruments Classified as Financial Liabilities
Basic situation of other financial instruments outstanding at the period-end such preferred shares and perpetual bonds
None
BOE Technology Group Co., Ltd. Interim Report 2019 Changes in financial instruments outstanding at the period-end such preferred shares and perpetual liabilities
Unit: RMB
||||||||||
|-|-|-|-|-|-|-|-|-|
|Outstandi|Period-beginning||Increase||Decrease||Period-end||
|ng|||||||||
|financial||||||Carrying|||
||Amount|Carrying value|Amount|Carrying value|Amount||Amount|Carrying value|
|instrume||||||value|||
|nts|||||||||
|None|||||||||

Notes to the basis of classifying other financial instruments as financial liabilities:
None
Other notes
None
33. Long-term Accounts Payable
Unit: RMB
||||
|-|-|-|
|Item|Ending balance|Beginning balance|
|Long-term accounts payable|1,127,696,942.00|1,416,092,239.00|
|Specific payables|0.00|0.00|
|Total|1,127,696,942.00|1,416,092,239.00|

 (1) Long-term Accounts Payable Listed by Nature of Account
Unit: RMB
||||
|-|-|-|
|Item|Ending balance|Beginning balance|
|Financing lease|1,127,696,942.00|1,416,092,239.00|

 Other notes: None
(2) Specific Payable
Unit: RMB
|||||||
|-|-|-|-|-|-|
||Beginning|||||
|Item||Increase|Decrease|Ending balance|Reason for formation|
||balance|||||
|None||||||
|Total|0.00|||0.00|--|

Other notes:
None
BOE Technology Group Co., Ltd. Interim Report 2019 34. Provision
Whether the Company has executed the new income standards
□ Yes√ No
Unit: RMB
|||||
|-|-|-|-|
|Item|Ending balance|Beginning balance|Formed reason|
|External guaranty|0.00|0.00|Naught|
|Pending litigation|0.00|0.00|Naught|
|Product quality||||
||0.00|0.00|Naught|
|assurance||||
|Restructuring||||
||0.00|0.00|Naught|
|obligations||||
|Onerous contracts to||||
||0.00|0.00|Naught|
|be executed||||
||||In 2009, the Group ceased producing several products and|
||||stopped fulfilling the purchase contract related to production.|
|Other|16,457,010.00|16,457,010.00|Due to the indemnity incurred accordingly, the Group withdrew|
||||the relevant estimated liabilities according to reasonable|
||||estimation of losses.|
|Refund payable|0.00|0.00|Naught|
|Total|16,457,010.00|16,457,010.00|--|

Other notes, including significant assumptions and estimation related to significant provisions: None
35. Deferred Income
Unit: RMB
|||||||
|-|-|-|-|-|-|
|Item|Beginning balance|Increase|Decrease|Ending balance|Formed reason|
|Government||||||
||2,187,558,533.00|916,809,317.00|589,591,127.00|2,514,776,723.00|Government subsidies|
|subsidies||||||
|Total|2,187,558,533.00|916,809,317.00|589,591,127.00|2,514,776,723.00|--|

BOE Technology Group Co., Ltd. Interim Report 2019
Item involving government subsidies:
Unit: RMB
||||||||||
|-|-|-|-|-|-|-|-|-|
||||Amount recorded into||Amount offset|||Related to|
|||Amount of newly||Amount recorded into other|||||
|Item|Beginning balance||non-operating income||cost in the|Other changes|Ending balance|assets/related|
|||subsidy||income in Reporting Period|||||
||||in the Reporting Period||Reporting Period|||to income|
|||||||||Related to|
|Related to assets|1,919,750,983.00|182,047,083.00|0.00|169,171,630.00|0.00|50,000.00|1,932,576,436.00||
|||||||||assets|
|||||||||Related to|
|Related to income|267,807,550.00|734,762,234.00|0.00|420,369,497.00|0.00|0.00|582,200,287.00||
|||||||||income|
|Total|2,187,558,533.00|916,809,317.00|0.00|589,541,127.00|0.00|50,000.00|2,514,776,723.00||

 Other notes: None
36. Other Non-current Liabilities
Whether the Company has executed the new income standards
□ Yes√ No
Unit: RMB
||||
|-|-|-|
|Item|Ending balance|Beginning balance|
|Convertible creditor's right|4,270,342,467.00|4,175,131,508.00|
|Equity investment with redemption items|3,731,068,856.00|3,700,737,154.00|
|The VAT collection of imported equipment|3,948,863,762.00|3,187,164,914.00|
|Other|97,019,069.00|271,839,746.00|
|Total|12,047,294,154.00|11,334,873,322.00|

 Other notes: None
BOE Technology Group Co., Ltd. Interim Report 2019
37. Share Capital
Unit: RMB
|||||||||
|-|-|-|-|-|-|-|-|
|||Increase/decrease (+/-)||||||
||Beginning balance||||||Ending balance|
|||New shares issued|Bonus shares|Bonus issue from profit|Other|Subtotal||
|The sum of shares|34,798,398,763.00|0.00|0.00|0.00|0.00|0.00|34,798,398,763.00|

 Other notes: None
38. Capital Reserves
Unit: RMB
||||||
|-|-|-|-|-|
|Item|Beginning balance|Increase|Decrease|Ending balance|
|Capital premium (premium on stock)|37,546,517,053.00|0.00|0.00|37,546,517,053.00|
|Other capital reserves|666,583,543.00|7,834,727.00|8,013,322.00|666,404,948.00|
|Total|38,213,100,596.00|7,834,727.00|8,013,322.00|38,212,922,001.00|

 Other notes, including notes to increase and decrease during the Reporting Period and the reasons for changes:
None
39. Other Comprehensive Income
Unit: RMB
||||||||||
|-|-|-|-|-|-|-|-|-|
|||Reporting Period|||||||
||||Less: Recorded|Less: Recorded in||Attributable to|Attributable||
|||Income before|||||||
|Item|Beginning balance||in other|other|Less: Income|owners of the|to|Ending balance|
|||taxation in the|||||||
||||comprehensive|comprehensive|tax expense|Company as the|non-controll||
|||Current Period|||||||
||||income in prior|income in prior||parent after tax|ing interests||

BOE Technology Group Co., Ltd. Interim Report 2019
||||||||||
|-|-|-|-|-|-|-|-|-|
||||period and|period and|||after tax||
||||transferred in|transferred in|||||
||||profit or loss in|retained earnings|||||
||||the Current|in the Current|||||
||||Period|Period|||||
|I. Other comprehensive income that will not be||||||-23,607,052.00|||
||-221,804,664.00|-21,925,038.00|0.00|0.00|1,682,014.00||0.00|-245,411,716.00|
|reclassified to profit or loss|||||||||
|Of which: Changes caused by remeasurements||||||0.00|||
||0.00|0.00|0.00|0.00|0.00||0.00|0.00|
|on defined benefit pension schemes|||||||||
|Other comprehensive income that will||||||0.00|||
|not be reclassified to profit or loss under equity|0.00|0.00|0.00|0.00|0.00||0.00|0.00|
|method|||||||||
|Changes in fair value of other equity||||||-23,607,052.00|||
||-221,804,664.00|-21,925,038.00|0.00|0.00|1,682,014.00||0.00|-245,411,716.00|
|instrument investment|||||||||
|Changes in fair value of enterprise||||||0.00|||
||0.00|0.00|0.00|0.00|0.00||0.00|0.00|
|credit risk|||||||||
|II. Other comprehensive income that may be||||||71,738,841.00|||
||-109,644,969.00|72,503,557.00|0.00|0.00|0.00||764,716.00|-37,906,128.00|
|reclassified to profit or loss|||||||||
|Of which: Other comprehensive income that||||||175,359,777.00|||
|will be reclassified to profit or loss under|-58,383,948.00|175,359,777.00|0.00|0.00|0.00||0.00|116,975,829.00|
|equity method|||||||||
|Changes in fair value of other creditors’||||||0.00|||
||0.00|0.00|0.00|0.00|0.00||0.00|0.00|
|investment|||||||||
|Amount of financial assets reclassified||||||0.00|||
||0.00|0.00|0.00|0.00|0.00||0.00|0.00|
|to other comprehensive income|||||||||
|Provision for credit impairment of other||||||0.00|||
||0.00|0.00|0.00|0.00|0.00||0.00|0.00|
|creditors’ investment|||||||||

BOE Technology Group Co., Ltd. Interim Report 2019
||||||||||
|-|-|-|-|-|-|-|-|-|
|Reserves for cash flow hedges|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|Differences arising from translation of||||||-103,620,936.00|||
|foreign currency-denominated financial|-51,261,021.00|-102,856,220.00|0.00|0.00|0.00||764,716.00|-154,881,957.00|
|statements|||||||||
|Total of other comprehensive income|-331,449,633.00|50,578,519.00|0.00|0.00|1,682,014.00|48,131,789.00|764,716.00|-283,317,844.00|

 Other notes, including the note to the adjustment of the initial recognition amount of hedged item transferred from the effective gain/loss on cash flow hedges:
None
40. Surplus Reserves
Unit: RMB
||||||
|-|-|-|-|-|
|Item|Beginning balance|Increase|Decrease|Ending balance|
|Statutory surplus reserves|862,954,120.00|0.00|0.00|862,954,120.00|
|Discretionary surplus reserves|289,671,309.00|0.00|0.00|289,671,309.00|
|Reserve fund|0.00|0.00|0.00|0.00|
|Enterprise expansion fund|0.00|0.00|0.00|0.00|
|Others|0.00|0.00|0.00|0.00|
|Total|1,152,625,429.00|0.00|0.00|1,152,625,429.00|

 Notes to surplus reserves, including the note to increase and decrease in the Reporting Period and the reason for changes:
None
BOE Technology Group Co., Ltd. Interim Report 2019 41. Retained Profits
Unit: RMB
||||
|-|-|-|
|Item|Reporting Period|Same period of last year|
|Opening balance of retained profits before|||
||11,817,881,286.00|10,385,659,084.00|
|adjustments|||
|Total beginning balance of retained profits before|||
||200,341,707.00|0.00|
|adjustments (increase+, decrease-)|||
|Beginning balance of retained profits after|||
||12,018,222,993.00|10,385,659,084.00|
|adjustments|||
|Add: Net profit attributable to owners of the|||
||1,668,448,449.00|2,975,206,500.00|
|Company as the parent|||
|Less: Withdrawal of statutory surplus reserves|0.00|0.00|
|Withdrawal of discretional surplus reserves|0.00|0.00|
|Withdrawal of general reserve|0.00|0.00|
|Dividend of ordinary shares payable|1,043,951,963.00|1,740,789,879.00|
|Dividend of common stock transferred into share|||
||0.00|0.00|
|capital|||
|Ending retained profits|12,642,719,479.00|11,620,075,705.00|

 List of adjustment of beginning retained profits:
(1) RMB200,341,707.00beginning retained profits was affected by retrospective adjustment conducted according to the Accounting Standards for Business Enterprises and relevant new regulations.
(2) RMB0.00 beginning retained profits was affected by changes in accounting policies.
(3) RMB0.00 beginning retained profits was affected by correction of significant accounting errors.
(4) RMB0.00 beginning retained profits was affected by changes in combination scope arising from same control.
(5) RMB0.00 beginning retained profits was affected totally by other adjustments.
42. Operating Revenue and Cost of Sales
Unit: RMB
||||||
|-|-|-|-|-|
||Reporting Period||Same period of last year||
|Item|||||
||Operating revenue|Cost of sales|Operating revenue|Cost of sales|
|Main operations|53,422,449,210.0|0 44,536,416,408.00|42,373,062,968.00|34,334,111,314.00|
|Other operations|1,616,759,477.0|0 1,275,916,823.00|1,100,841,998.00|810,470,817.00|
|Total|55,039,208,687.0|0 45,812,333,231.00|43,473,904,966.00|35,144,582,131.00|

BOE Technology Group Co., Ltd. Interim Report 2019 Whether the Company has executed the new income standards
□ Yes√ No
Other notes
43. Taxes and Surtaxes
Unit: RMB
||||
|-|-|-|
|Item|Reporting Period|Same period of last year|
|Urban maintenance and construction tax|104,659,038.00|56,823,610.00|
|Education Surcharge|63,312,004.00|35,602,048.00|
|Property tax|169,090,680.00|148,231,522.00|
|Land use tax|23,948,298.00|15,009,812.00|
|Stamp duty|54,991,492.00|41,039,849.00|
|Other|8,851,895.00|5,858,913.00|
|Total|424,853,407.00|302,565,754.00|

 Other notes: None
44. Selling Expense
Unit: RMB
||||
|-|-|-|
|Item|Reporting Period|Same period of last year|
|Warranty provisions|586,582,634.00|600,466,512.00|
|Labor cost|300,120,333.00|234,613,824.00|
|Logistic transport fees|245,691,178.00|200,968,268.00|
|Other|232,893,141.00|258,733,990.00|
|Total|1,365,287,286.00|1,294,782,594.00|

 Other notes: None
45. Administrative Expense
Unit: RMB
||||
|-|-|-|
|Item|Reporting Period|Same period of last year|
|Labor cost|1,030,099,305.00|993,219,826.00|
|Maintenance cost|520,428,006.00|438,011,265.00|
|Depreciation and amortization|221,481,455.00|293,524,665.00|
|Other|425,174,728.00|418,952,794.00|
|Total|2,197,183,494.00|2,143,708,550.00|

Other notes: None
BOE Technology Group Co., Ltd. Interim Report 2019 46.R&D Expenses
Unit: RMB
||||
|-|-|-|
|Item|Reporting Period|Same period of last year|
|Labor cost|1,103,263,819.00|623,860,877.00|
|Material fee|737,490,376.00|385,327,401.00|
|Depreciation and amortization|532,776,728.00|296,109,145.00|
|Other|551,127,313.00|294,897,300.00|
|Total|2,924,658,236.00|1,600,194,723.00|

 Other notes:
None
47. Finance Costs
Unit: RMB
||||
|-|-|-|
|Item|Reporting Period|Same period of last year|
|Interest expense|1,535,561,809.00|1,427,741,240.00|
|Interest income|-398,822,857.00|-345,988,686.00|
|Net exchange (income)/ losses|-1,145,247.00|55,074,145.00|
|Other finance costs|31,159,667.00|64,346,956.00|
|Total|1,166,753,372.00|1,201,173,655.00|

 Other notes:
None
48. Other Income
Unit: RMB
||||
|-|-|-|
|Sources|Reporting Period|Same period of last year|
|Government subsidy related to enterprise daily|||
||1,117,952,927.00|1,904,160,159.00|
|activities|||

49. Investment Income
Unit: RMB
||||
|-|-|-|
|Item|Reporting Period|Same period of last year|
|Long-term equity investment income accounted by|||
||-16,571,961.00|-29,578,579.00|
|equity method|||
|Investment income from disposal of long-term equity|||
||0.00|9,317,244.00|
|investment|||

BOE Technology Group Co., Ltd. Interim Report 2019
||||
|-|-|-|
|Investment income from holding of trading financial|||
||0.00|0.00|
|assets|||
|Investment income from disposal of trading financial|||
||23,962,521.00|180,450,009.00|
|assets|||
|Dividend income from holding of other equity|||
||6,174,811.00|6,735,339.00|
|instrument investment|||
|Investment income from holding of held-to-maturity|||
||0.00|0.00|
|investment|||
|Investment income from holding of available-for-dale|||
||0.00|0.00|
|financial assets|||
|Investment income from disposal of available-for-sale|||
||0.00|0.00|
|financial assets|||
|Investment income from disposal of held-to-maturity|||
||0.00|0.00|
|investment|||
|Gains from remeasurement of residual stock rights at|||
||0.00|0.00|
|fair value after losing control power|||
|Interest income from holding of creditors’ investment|0.00|0.00|
|Interest income from holding of other creditors’|||
||0.00|0.00|
|investment|||
|Investment income from disposal of other creditors’|||
||0.00|0.00|
|investment|||
|Total|13,565,371.00|166,924,013.00|

 Other notes: None
50. Gains from changes in fair value
Unit: RMB
||||
|-|-|-|
|Sources|Reporting Period|Same period of last year|
|Trading financial assets|55,666,155.00|0.00|
|Of which: Gains from changes in fair value of|||
||0.00|0.00|
|derivative financial instruments|||
|Trading financial liabilities|0.00|0.00|
|Investment property measured by fair value|0.00|0.00|
|Total|55,666,155.00|0.00|

 Other notes: None
BOE Technology Group Co., Ltd. Interim Report 2019 51. Credit Impairment Loss
Unit: RMB
||||
|-|-|-|
|Item|Reporting Period|Same period of last year|
|Bad debt loss of other receivables|-6,317,588.00|0.00|
|Impairment loss of creditors’ investment|0.00|0.00|
|Impairment loss of other creditors’|||
||0.00|0.00|
|investment|||
|Bad debt loss of long-term receivables|0.00|0.00|
|Impairment loss of contract assets|0.00|0.00|
|Bad debt loss of accounts receivables|-13,912,857.00|0.00|
|Total|-20,230,445.00|0.00|

 Other notes: None
52. Asset Impairment Loss
Whether the Company has executed the new income standards
□ Yes√ No
Unit: RMB
||||
|-|-|-|
|Item|Reporting Period|Same period of last year|
|I. Bad debt loss|0.00|-358,199.00|
|II. Inventory falling price loss|-598,106,867.00|-457,791,061.00|
|III. Impairment losses on available-for-sale|||
||0.00|0.00|
|financial assets|||
|IV. Impairment losses on held-to-maturity|||
||0.00|0.00|
|investment|||
|V. impairment losses on long-term equity|||
||0.00|0.00|
|investment|||
|VI. Impairment losses on investment|||
||0.00|0.00|
|property|||
|VII. Fixed assets impairment losses|0.00|0.00|
|VIII. Impairment losses on engineering|||
||0.00|0.00|
|materials|||
|IX. Impairment losses on construction in|||
||0.00|0.00|
|progress|||
|X. Impairment losses on productive living|||
||0.00|0.00|
|assets|||
|XI. Impairment losses on oil and gas assets|0.00|0.00|

BOE Technology Group Co., Ltd. Interim Report 2019
||||
|-|-|-|
|XII. Impairment losses on intangible assets|0.00|0.00|
|XIII. Goodwill impairment losses|0.00|0.00|
|XIV. Other|0.00|0.00|
|Total|-598,106,867.00|-458,149,260.00|

 Other notes: None
53. Asset Disposal Income
Unit: RMB
||||
|-|-|-|
|Sources|Reporting Period|Same period of last year|
|Fixed assets disposal income|373,679.00|-158,511.00|

 54. Non-operating Income
Unit: RMB
|||||
|-|-|-|-|
||||Amount recorded in the current|
|Item|Reporting Period|Same period of last year||
||||non-recurring profit or loss|
|Income from debt restructuring|0.00|0.00|0.00|
|Income from non-monetary||||
||0.00|0.00|0.00|
|assets exchange||||
|Donations accepted|0.00|0.00|0.00|
|Government subsidies|34,368,058.00|61,057,457.00|34,368,058.00|
|Other|61,975,474.00|35,584,411.00|61,975,474.00|
|Total|96,343,532.00|96,641,868.00|96,343,532.00|

 Government subsidies recorded into current profit or loss:
Unit: RMB
||||||||||
|-|-|-|-|-|-|-|-|-|
|||||Whether|||||
||||||Special||||
|||Distri||subsidies||||Related to|
||Distribution||||subsid|Reporting|Same period of||
|Item||bution|Nature|influence the||||assets/related|
||entity||||y or|Period|last year||
|||reason||current profit||||to income|
||||||not||||
|||||or loss|||||
||||Due to engaged in||||||
||Municipal||special industry that||||||
|Other|||||||||
||People’s||the state encouraged||||||
|non-recurrin|||||||||
||Government,|Subsi|and supported,|||||Related to|
|g||||No|No|34,368,058.00|61,057,457.00||
||NDRC,|dy|gained subsidy|||||income|
|government|||||||||
||Finance||(obtaining in line||||||
|subsidies|||||||||
||Bureau etc.||with the law and the||||||
||||regulations of||||||

BOE Technology Group Co., Ltd. Interim Report 2019
||
|-|
|national policy)|

Other notes: None
55. Non-operating Expense
Unit: RMB
|||||
|-|-|-|-|
||||Amount recorded in the current|
|Item|Reporting Period|Same period of last year||
||||non-recurring profit or loss|
|Losses from debt reconstruction|0.00|0.00|0.00|
|Non-monetary asset exchange||||
||0.00|0.00|0.00|
|losses||||
|Donation|2,512,720.00|1,383,000.00|2,512,720.00|
|Other|9,335,620.00|6,270,811.00|9,335,620.00|
|Total|11,848,340.00|7,653,811.00|11,848,340.00|

 Other notes: None
56. Income Tax Expense
(1) List of Income Tax Expense
Unit: RMB
||||
|-|-|-|
|Item|Reporting Period|Same period of last year|
|Current income tax expense|579,625,856.00|600,652,106.00|
|Deferred income tax expense|94,149,185.00|58,916,454.00|
|Total|673,775,041.00|659,568,560.00|

 (2) Adjustment Process of Accounting Profit and Income Tax Expense
Unit: RMB
|||
|-|-|
|Item|Reporting Period|
|Profit before taxation|1,801,855,673.00|
|Current income tax expense accounted at statutory/applicable tax rate|270,278,351.00|
|Influence of applying different tax rates by subsidiaries|-44,290,962.00|
|Influence of income tax before adjustment|0.00|
|Influence of non-taxable income|-2,034,806.00|
|Influence of not deductable costs, expenses and losses|1,558,230.00|
|Influence of deductable loss of unrecognized deferred income tax assets in||
||-52,847,194.00|
|prior period||

BOE Technology Group Co., Ltd. Interim Report 2019
|||
|-|-|
|Influence of deductable temporary difference or deductable loss of||
||358,004,462.00|
|unrecognized deferred income tax assets in the Reporting Period||
|Other|143,106,960.00|
|Income tax expense|673,775,041.00|

 Other notes: None
57. Other Comprehensive Income
Refer to Note VII-57 for details.
58. Cash Flow Statement
(1) Cash Generated from Other Operating Activities
The total cash generated from other operation activities inGroup’s consolidated cash flow statement was RMB4,211,734,116.00 in the Reporting Period, most of which are government subsidies received and the recovery of restricted deposits in financial
institutions.
(2) Cash Used in Other Operating Activities
The total cash used in other investment activities inGroup’s consolidated cash flow statement was RMB4,102,320,555.00 in the Reporting Period, most of which are payment for overheads.
(3) Cash Generated from Other Investing Activities
The total cash generated from other investment activities inGroup’s consolidated cash flow statement was RMB108,292,744.00 in the Reporting Period, most of which are bid price recovered, bid bond and interest income.
(4) Cash Used in Other Investing Activities
The total cash used in other investment activities inGroup’s consolidated cash flow statement was RMB56,414,722.00 in the Reporting Period, most of which are payment for the return on bid bond, performance bond, safety construction bond and customs bond.
(5) Cash Generated from Other Financing Activities
The total cash generated from other financing activities inGroup’s consolidated cash flow statement was RMB133,415,725.00 in the Reporting Period, most of which are the recovery of restricted deposits in financial institutions.
(6) Cash Used in Other Financing Activities
The total cash used in other financing activities inGroup’s consolidated cash flow statement was RMB73,504,151.00 in the
Reporting Period, most of which are payment for the decrease capital of non-controlling interests and commission expenses.
BOE Technology Group Co., Ltd. Interim Report 2019 59. Supplemental Information for Cash Flow Statement
(1) Supplemental Information for Cash Flow Statement
Unit: RMB
||||
|-|-|-|
|Supplemental information|Reporting Period|Same period of last year|
|1. Reconciliation of net profit to net cash flows generated|||
||--|--|
|from operating activities|||
|Net profit|1,128,080,632.00|2,829,093,457.00|
|Add: Provision for impairment of assets|598,106,867.00|458,149,260.00|
|Depreciation of fixed assets, oil-gas assets, and productive|||
||9,019,062,288.00|6,556,160,630.00|
|living assets|||
|Depreciation of right-to-use assets|0.00|0.00|
|Amortization of intangible assets|161,230,388.00|258,521,192.00|
|Amortization of long-term prepaid expenses|59,700,556.00|49,953,934.00|
|Losses on disposal of fixed assets, intangible assets and|||
||217,671.00|421,587.00|
|other long-lived assets (gains: negative)|||
|Losses on scrap of fixed assets (gains: negative)|289,077.00|329,303.00|
|Losses from variation of fair value (gains: negative)|-55,666,155.00|0.00|
|Finance costs (gains: negative)|1,700,086,916.00|1,330,319,892.00|
|Investment loss (gains: negative)|-13,565,371.00|-166,924,013.00|
|Decrease in deferred income tax assets (gains: negative)|32,865,030.00|-70,086,012.00|
|Increase in deferred income tax liabilities|||
||59,589,820.00|723,822,985.00|
|(“-” means decrease)|||
|Decrease in inventory (gains: negative)|-2,520,248,329.00|-2,381,077,971.00|
|Decrease in accounts receivable generated from operating|||
||1,509,753,826.00|-1,795,552,371.00|
|activities (gains: negative)|||
|Increase in accounts payable used in operating activities|||
||203,464,853.00|4,172,927,102.00|
|(decrease: negative)|||
|Others|-287,983,720.00|-384,551,801.00|
|Net cash generated from/used in operating activities|11,594,984,349.00|11,581,507,174.00|
|2. Significant investing and financing activities without|||
||--|--|
|involvement of cash receipts and payments|||
|Transfer of debt to capital|0.00|0.00|
|Convertible corporate bonds due within one year|0.00|0.00|
|Fixed assets leased in through financing|0.00|0.00|
|3. Net increase/decrease of cash and cash equivalent:|--|--|

BOE Technology Group Co., Ltd. Interim Report 2019
||||
|-|-|-|
|Ending balance of cash|40,243,333,561.00|43,089,999,591.00|
|Less: Beginning balance of cash|43,350,696,520.00|47,913,287,583.00|
|Add: Ending balance of cash equivalents|0.00|0.00|
|Less: Beginning balance of cash equivalents|0.00|0.00|
|Net increase in cash and cash equivalents|-3,107,362,959.00|-4,823,287,992.00|

 (2) Cash and Cash Equivalents
Unit: RMB
||||
|-|-|-|
|Item|Ending balance|Beginning balance|
|I. Cash|40,243,333,561.00|43,350,696,520.00|
|Including: Cash on hand|528,768.00|537,805.00|
|Bank deposit on demand|40,202,349,838.00|43,340,146,382.00|
|Other monetary funds on demand|40,454,955.00|10,012,333.00|
|II. Cash equivalents|0.00|0|
|III. Ending balance of cash and cash equivalents|40,243,333,561.00|43,350,696,520.00|
|Of which: Cash and cash equivalents with restricted|||
||40,454,955.00|10,012,333.00|
|use by the Company as the parent and its subsidiaries|||

Notes: None
60. Notes to Items in Statements of Changes inOwners’ Equity
Notes to names under the item of “Other” in the adjusted ending balance for the Same period of last year and the corresponding amount:
None
61. Assets with Restricted Ownership or Right to Use
Unit: RMB
||||
|-|-|-|
|Item|Ending carrying value|Reason for restriction|
|Monetary capital|6,948,337,136.00|Pledged for guarantee and as cash deposit|
||49,271,680.00|Discounted transfer with recourse attached,|
|Notes receivable||negotiability with recourse attached and|
|||pledged for issuing notes payable|
|Inventories|0|Naught|
|Fixed assets|97,485,999,524.00|Mortgaged for guarantee|
|Intangible assets|1,297,670,069.00|Mortgaged for guarantee|
|Investment property|43,707,923.00|Mortgaged for guarantee|

BOE Technology Group Co., Ltd. Interim Report 2019
||||
|-|-|-|
|Construction in progress|43,789,518,170.00|Mortgaged for guarantee|
|Total|149,614,504,502.00|--|

Notes: None
62. Foreign Currency Monetary Items
(1) Foreign Currency Monetary Items
Unit: RMB
|||||
|-|-|-|-|
||Ending foreign currency||Ending balance converted to|
|Item||Exchange rate||
||balance||RMB|
|Monetary fund|--|--||
|Including: USD|3,262,106,101.00|6.8747|22,426,000,810.00|
|EUR|70,639,172.00|7.8170|552,186,408.00|
|HKD|39,302,600.00|0.8797|34,574,497.00|
|Accounts receivable|--|--||
|Including: USD|1,649,186,755.00|6.8747|11,337,664,185.00|
|EUR|45,904,620.00|7.8170|358,836,415.00|
|HKD|331.00|0.8797|291.00|
|Long-term borrowings|--|--||
|Including: USD|4,622,590,000.00|6.8747|31,778,919,473.00|
|EUR|214,183,749.00|7.8170|1,674,274,362.00|
|HKD|0.00|0.8797|0.00|

 Notes: None
(2) Notes to Overseas Entities Including: for Significant Oversea Entities, Main Operating Place, Recording Currency and Selection Basis Shall Be Disclosed; if there Are Changes in Recording Currency, Relevant Reasons Shall Be Disclosed.
□ Applicable√ Not applicable
VIII. Changes of Consolidation Scope
1. Counter Purchase
Basic information of trading, the basis of transactions constitute counter purchase, the retain assets , liabilities of the listed companies
BOE Technology Group Co., Ltd. Interim Report 2019 whether constituted a business and its basis, the determination of the combination costs, the amount and calculation of adjusted rights and interests in accordance with the equity transaction process: None
2. Disposal of Subsidiary
Whether there is a single disposal of the investment to the subsidiary and lost control?
□ Yes√ No
Whether there are several disposals of the investment to the subsidiary and lost controls?
□ Yes√ No
3. Changes in Combination Scope for Other Reasons
Note to changes in combination scope for other reasons (such as newly establishment or liquidation of subsidiaries, etc.) and relevant information: None
4. Other
None
IX. Equity in Other Entities
1. Equity in Subsidiary
(1) Subsidiaries
||||||||
|-|-|-|-|-|-|-|
||Main|||Holding percentage|||
|||Registration||||Way of|
|Name|operating||Nature of business|(%)|||
|||place||||gaining|
||place|||Directly|Indirectly||
|Beijing BOE|||||||
||Beijing,||Research, development, design and||||
|Optoelectronics||Beijing, China||82.49%|17.51%|Investment|
||China||manufacture of TFT-LCD.||||
|Technology Co., Ltd.|||||||
|Chengdu BOE|||||||
|||||||Business|
|Optoelectronics|||R&D, design, production and sales||||
||Chengdu,|Chengdu,||||combination|
|Technology Co., Ltd.|||of new display devices and modules|100.00%|0.00%||
||China|China||||not under the|
|(“Chengdu|||and other electronic components.||||
|||||||same control|
|Optoelectronics”)|||||||
||||Investment, construction, R&D,|||Business|
|Hefei BOE|||||||
||||production and sales of the relevant|||combination|
|Optoelectronics|Hefei, China|Hefei, China||100.00%|0.00%||
||||products of thin film transistor LCD|||not under the|
|Technology Co., Ltd.|||||||
||||and its auxiliary products.|||same control|
|Beijing BOE Display|Beijing,||Development of TFT-LCD,||||
|||Beijing, China||97.17%|2.83%|Investment|
|Technology Co., Ltd.|China||manufacture and sale of LCD.||||

BOE Technology Group Co., Ltd. Interim Report 2019
||||||||
|-|-|-|-|-|-|-|
|(“Beijing BOE Display”)|||||||
||||Investment, construction, R&D,|||Business|
|Hefei Xinsheng|||||||
||||production and sales of the relevant|||combination|
|Optoelectronics|Hefei, China|Hefei, China||84.59%|0.03%||
||||products of thin film transistor LCD|||not under the|
|Technology Co., Ltd.|||||||
||||and its auxiliary products.|||same control|
|Ordos Yuansheng|||||||
||||Manufacture and sales of||||
|Optoelectronics Co., Ltd.|Ordos,||||||
|||Ordos, China|AM-OLED products and auxiliary|100.00%|0.00%|Investment|
|(“Yuansheng|China||||||
||||products.||||
|Optoelectronics”)|||||||
||||R&D, production and sales of||||
|Chongqing BOE||||||Business|
||||semi-conducting display devices,||||
|Optoelectronics|Chongqing,|Chongqing,||||combination|
||||complete machine and related|100.00%|0.00%||
|Technology Co., Ltd.|China|China||||not under the|
||||products; import & export of goods||||
|(“Chongqing BOE”)||||||same control|
||||and technology consulting.||||
|Fuzhou BOE|||Investment, construction, R&D,|||Business|
|Optoelectronic|Fuzhou,||production and sales of the relevant|||combination|
|||Fuzhou, China||81.25%|0.00%||
|Technology Co., Ltd.|China||products of thin film transistor LCD|||not under the|
|(“Fuzhou BOE”)|||and its auxiliary products.|||same control|
||||Manufacture of LCD TV, LCD;||||
|Beijing BOE Video|||||||
||Beijing,||technology development of terminal||||
|Technology Co., Ltd.||Beijing, China||100.00%|0.00%|Investment|
||China||products and systems such as||||
|(“BOE Video”)|||||||
||||TFT-LCD display and TV.||||
|Beijing BOE Vacuum|Beijing,||Manufacture and sale of vacuum||||
|||Beijing, China||55.00%|0.00%|Investment|
|Electronics Co., Ltd.|China||electronic products||||
|Beijing BOE Vacuum|Beijing,||Manufacture and sale of electronic||||
|||Beijing, China||100.00%|0.00%|Investment|
|Technology Co., Ltd.|China||tubes.||||
|Beijing BOE Special|||||||
||Beijing,||Development of display products||||
|Display Technology Co.,||Beijing, China||100.00%|0.00%|Investment|
||China||and sale of electronic products.||||
|Ltd. (“Special Display”)|||||||
||||Management of engineering||||
|Beijing Yinghe Century|Beijing,||projects; real estate development;||||
|||Beijing, China||100.00%|0.00%|Investment|
|Co., Ltd.|China||public parking lot for motor||||
||||vehicles service; office lease.||||
|BOE Optical Science and|||||||
||||R&D, production and sales of LCD,||||
|Technology Co., Ltd.|Suzhou,||||||
|||Suzhou, China|back light for display and related|95.17%|0.00%|Investment|
|(“Optical Science and|China||||||
||||components.||||
|Technology”)|||||||
|BOE Hyundai LCD|||Development, manufacture and sale||||
||Beijing,||||||
|(Beijing) Display||Beijing, China|of liquid display for mobile|75.00%|0.00%|Investment|
||China||||||
|Technology Co., Ltd.|||termination.||||
|BOE (Hebei) Mobile|Langfang,|Langfang,|Manufacture and sale of mobile flat|100.00%|0.00%|Investment|

BOE Technology Group Co., Ltd. Interim Report 2019
||||||||
|-|-|-|-|-|-|-|
|Technology Co., Ltd.|China|China|screen display technical products||||
|(“BOE Hebei”)|||and related services.||||
|Beijing BOE Multimedia|||||||
||||Sale of computer software and||||
||Beijing,||||||
|||Beijing, China|hardware, the numeral regards the|100.00%|0.00%|Investment|
|Technology Co. Ltd.|China||||||
|(“BOE Multimedia”)|||audio frequency technology.||||
||||Design, consultancy and service of||||
||||solar cell, photovoltaic system,||||
|Beijing BOE Energy|||||||
||Beijing,||wind power system and solar||||
|Technology Co., Ltd.||Beijing, China||100.00%|0.00%|Investment|
||China||thermal system as well as the||||
|(“BOE Energy”)|||||||
||||assembly units; energy-saving||||
||||service.||||
|Beijing BOE Life|||Technology promotion, property||||
||Beijing,||||||
|Technology Co., Ltd.||Beijing, China|management, and sales of electronic|100.00%|0.00%|Investment|
||China||||||
|(“BOE Life Technology”)|||products.||||
|Beijing Zhongxiangying|||Technology promotion, property||||
||Beijing,||||||
|Technology Co., Ltd.||Beijing, China|management, and sales of electronic|100.00%|0.00%|Investment|
||China||||||
|(“Zhongxiangying”)|||products.||||
|Erdos Haosheng Energy|||||||
||Ordos,||||||
|Investment Co., Ltd.||Ordos, China|Energy investment.|20.00%|80.00%|Investment|
||China||||||
|(“Haosheng Energy”)|||||||
||||Processing, manufacturing and sales||||
||||of precision electronic components,||||
|Beijing BOE|Beijing,||semi-conductor devices, micro||||
|||Beijing, China||80.77%|0.00%|Investment|
|Semi-conductor Co., Ltd.|China||modules, microelectronic devices||||
||||and electronic materials; import &||||
||||export of goods||||
|BOE Optoelectronics|||Design, manufacturing and sales of||||
|Holding Co., Ltd|Hong Kong,|Virgin Islands,|e lectronic-information industry||||
|||||100.00%|0.00%|Investment|
|(“Optoelectronics|China|British|related products, investment and||||
|Holding”)|||financing businesses.||||
|||||||Business|
||||Sales of TV bracket glass rod and||||
|Beijing Asahi Electronic|Beijing,|||||combination|
|||Beijing, China|CTV low-melting-point solder|100.00%|0.00%||
|Materials Co., Ltd.|China|||||not under the|
||||glass.||||
|||||||same control|
|||||||Business|
|BOE Health Investment|||||||
||Beijing,||Investment management and project|||combination|
|Management Co., Ltd.||Beijing, China||100.00%|0.00%||
||China||investment.|||not under the|
|(“Health Investment”)|||||||
|||||||same control|
|Beijing•Matsushita Color|||Color TV set, display tube, color|||Business|
||Beijing,||||||
|CRT Co., Ltd.||Beijing, China|RPTV projection tube and materials|88.80%|0.00%|combination|
||China||||||
|(“Matsushita Color|||of electronic components; property|||not under the|

BOE Technology Group Co., Ltd. Interim Report 2019
||||||||
|-|-|-|-|-|-|-|
|CRT”)|||management and parking services,|||same control|
||||etc.||||
|||||||Business|
|Hefei BOE Display|||Investment, R & D and production||||
|||||||combination|
|Technology Co., Ltd.|Hefei, China|Hefei, China|of products related to TFT-LCD and|8.33%|0.00%||
|||||||not under the|
|(“Hefei Technology”)|||the supporting facility.||||
|||||||same control|
|Beijing BOE Technology|||||||
|Development Co., Ltd.|Beijing,||Development, transfer, consulting||||
|||Beijing, China||100.00%|0.00%|Investment|
|(“Technology|China||and service of technology.||||
|Development”)|||||||
|BOE Wisdom IOT|||||||
||||Development, transfer, consulting,||||
|Technology Co., Ltd.|Beijing,||||||
|||Beijing, China|service and promotion of|100.00%|0.00%|Investment|
|(“Wisdom IOT|China||||||
||||technology.||||
|Technology”)|||||||
||||Investment, construction, R&D,||||
|Hefei BOE Zhuoyin|||||||
||||production and sales of products||||
|Technology Co., Ltd.|Hefei, China|Hefei, China||75.00%|0.00%|Investment|
||||related to OLED display device and||||
|(“Zhuoyin Technology”)|||||||
||||auxiliary products.||||
||||Development, construction,||||
||||property management and||||
||||supporting service of industrial||||
||||plants and supporting facilities;||||
|Beijing BOE Real Estate|Beijing,||information consulting of real||||
|||Beijing, China||70.00%|0.00%|Investment|
|Co., Ltd.|China||estate; lease of commercial||||
||||facilities, commercial attendants||||
||||and the supporting service facilities;||||
||||motor vehicles public parking||||
||||service.||||
||||Sales of communication equipment,||||
||||hardward & software of computer||||
||||and peripheral units, electronic||||
||||products, equipment maintenance;||||
||||development, transfer, consulting||||
|Beijing BOE Marketing|Beijing,||||||
|||Beijing, China|and service providing of|100.00%|0.00%|Investment|
|Co., Ltd.|China||||||
||||technologies; import & export of||||
||||goods and technologies, agency of||||
||||import & export; manufacturing||||
||||consignment of electronic products||||
||||and LCD devices.||||
|Kunming BOE Display|||Development, spread, transfer,||||
||Kunming,|Kunming,|||||
|Technology Co., Ltd.|||consulting and service providing of|69.43%|0.00%|Investment|
||China|China|||||
|(“Kunming BOE”)|||display technology; service||||

BOE Technology Group Co., Ltd. Interim Report 2019
||||||||
|-|-|-|-|-|-|-|
||||providing of computer||||
||||software/hardware and network||||
||||systems; construction, operation and||||
||||management of e-commerce||||
||||platforms; providing service of||||
||||conferences; undertaking of||||
||||exhibitions; computer animation||||
||||design; production, R&D and sales||||
||||of OLED micro display devices and||||
||||AR/VR complete machine; storage||||
||||services; project investment and||||
||||corresponding management; import||||
||||& export of goods and technologies;||||
||||lease of houses and mechanical||||
||||equipments.||||
||||Investing, researching,||||
||||manufacturing and promoting||||
||||TFT-LCD products and accessory||||
||||product; import & export of goods||||
|Wuhan BOE|||and technologies by proprietary|||Business|
|Optoelectronics|Hubei,||trading or agency (excluding goods|||combination|
|||Hubei, China||23.08%|0.00%||
|Technology Co., Ltd.|China||and technologies restricted by state|||not under the|
|(“Wuhan BOE”)|||or import & export prohibited);|||same control|
||||management consulting and service||||
||||of company; lease of houses and||||
||||mechanical equipments (excluding||||
||||special approval).||||
||||Technology development,||||
||||technology transfer, technical||||
||||consulting, technical services;||||
||||technology intermediary services:||||
||||data processing and store service||||
||||(excluding bank card center in data||||
||||processing, PUE over 1.5||||
|Beijing BOE Yiyun||||||Business|
||||in cloud computing data center);||||
|Science &Technology|Beijing,|||||combination|
|||Beijing, China||95.92%|0.00%||
||||information system integration;||||
|Co., Ltd. (“Yiyun|China|||||not under the|
||||basic software services; application||||
|Technology”)||||||same control|
||||software services; software||||
||||development; sales of hardware &||||
||||software of computer and auxiliary||||
||||equipment, electronic products,||||
||||hardware & electric material||||
||||(excluding electric bicycle),||||
||||photographic equipment, household||||

BOE Technology Group Co., Ltd. Interim Report 2019
||||||||
|-|-|-|-|-|-|-|
||||appliances, arts and crafts, sports||||
||||products, daily necessities, clothes,||||
||||furniture, ceramics, wood products,||||
||||metalware, lanterns, glass products,||||
||||paper products, stationery,||||
||||cosmetics; import & export of||||
||||goods; maintenance of computer||||
||||and auxiliary equipment, household||||
||||electronic products; lease of||||
||||mechanical equipment; conference||||
||||service; undertaking display and||||
||||exhibition activities; advertisement||||
||||designing, producing, agency and||||
||||publishing; literary and artistic||||
||||creation; organizing exchange||||
||||activity of culture and art (excluding||||
||||performance); identification of||||
||||artware; operation of sports projects||||
||||(excluding high-risk sports); ticket||||
||||agency; internet information||||
||||service; retail of publication;||||
||||auction business; road freight||||
||||transportation.||||
|Mianyang BOE|||Production of display panel for|||Business|
|Optoelectronic|Sichuan,|Sichuan,|high-end smart phones, folding|||combination|
|||||78.35%|0.00%||
|Technology Co., Ltd.|China|China|laptops etc. and R&D, production|||not under the|
|(“Mianyang BOE”)|||and sales of modules.|||same control|
||||Research, development,||||
||||manufacture and sales of||||
||||semiconductor display devices,||||
||||machine and relevant products,||||
||||import and export of goods and||||
||||technical consulting (excluding||||
||||goods and technologies restricted by||||
|Chongqing BOE Display||||||Business|
||||state or import & export prohibited);||||
|Technology Co., Ltd.|Chongqing,|Chongqing,||||combination|
|||||38.46%|0.00%||
||||development, transfer, consulting,||||
|(“Chongqing BOE|China|China||||not under the|
||||service in related fields of display||||
|Display”)||||||same control|
||||devices and module, other||||
||||electronic components, and display||||
||||devices and electronic products||||
||||(excluding electronic publications);||||
||||company management consulting;||||
||||property management (excluding A||||
||||quality property management); lease||||

BOE Technology Group Co., Ltd. Interim Report 2019
||||||||
|-|-|-|-|-|-|-|
||||of houses and mechanical||||
||||equipments.||||
||||Development, testing, consulting,||||
||||service and transfer of technologies||||
||||in X-ray sensors, micro fluidic||||
|Beijing BOE Senor|||chips, biochemical chips, gene||||
||Beijing,||||||
|Technology Co., Ltd.||Beijing, China|chips, security sensors, microwave|100.00%|0.00%|Investment|
||China||||||
|(“Senor Technology”)|||antenna, biological sensors, internet||||
||||of things, and modules, systems and||||
||||equipment of other semiconducting||||
||||sensors.||||
||||Supports color electronic paper,||||
||||segment LCD, TFT-LCD display,||||
||||covering ESL multi-frequency||||
||||protocol, Wi-Fi, BLE and NFC;||||
||||multiple communication methods,|||Business|
||Nanterre,|Nanterre,|integrated electronic paper supply|||combination|
|SES Imagotag SA Co.Ltd||||0.00%|73.93%||
||France|France|chain resources and downstream|||not under the|
||||software around electronic shelf|||same control|
||||labels Platform, image recognition||||
||||and big data analytics resources to||||
||||create a complete solution for the||||
||||retail industry.||||
||||Research, development,|65.77%|0.00%||
||||manufacture and sales of||||
||||semiconductor display devices,||||
||||machine and relevant products,||||
||||import & export of goods and||||
||||technical consulting; development,||||
|Fuzhou BOE Display|Fuzhou,||transfer, consulting, service in||||
|||Fuzhou, China||||Investment|
|Technology Co., Ltd.|China||related fields of display devices and||||
||||module, other electronic||||
||||components, and display devices||||
||||and electronic products; company||||
||||management consulting; property||||
||||management; lease of houses and||||
||||mechanical equipments.||||

Explanations that the shareholding percentage is different from the voting right percentage in subsidiaries:
None
Basis for the control over the investees with half or less voting right and for not controlling the investees with over half voting right:
The Company and the shareholder of Hefei Display, Hefei Core Screen Industrial Investment Fund (Limited Partnership) signed a
concerted action agreement on November 30, 2016, Hefei Core Screen Industrial Investment Fund (Limited Partnership) agreed to
act as a concerted action according to the wishes of the Company, and exercised the voting rights unconditionally and irrevocably in
BOE Technology Group Co., Ltd. Interim Report 2019 accordance with the opinions of the Company. Therefore, the Company's voting right ratio to Hefei is71.67%.
The Company and shareholder of Wuhan BOE, Wuhan Airport Economic Development Zone Industrial Development Investment Group Co., Ltd. signed a concerted action agreement on December 25, 2018. Wuhan Airport Economic Development Zone Industrial Development Investment Group Co., Ltd. agreed to follow the Company's will to act as a concerted action, unconditionally and irrevocably exercising voting rights in accordance with the opinions of the company, the voting rights of the Company to Wuhan BOE is74.45%.
The Company and shareholders of Chongqing BOE Display, Chongqing Strategic Emerging Industry Equity Investment Fund Partnership (Limited Partnership) and Chongqing Yuzi Optoelectronic Industry Investment Co., Ltd. signed a concerted action agreement on December 25, 2018. Chongqing Strategic Emerging Industry Equity Investment Fund Partnership (Limited Partnership) and Chongqing Yuzi Optoelectronic Industry Investment Co., Ltd. agreed to act as a concerted action according to the will of the Company, and exercise the voting rights unconditionally and irrevocably in accordance with the opinions of the Company. Therefore, the proportion of voting rights displayed by the Company on Chongqing BOE is100%.
Basis for the control over the significant structured entities included in the scope of combination:
None
Basis for the determining the Company as the agent or the trustor:
None
Other notes: None
(2) Significant Not Wholly-owned Subsidiary
Unit: RMB
||||||
|-|-|-|-|-|
||Shareholding proportion|The profit or loss|Declaring dividends||
|||||Ending balance of|
|Name|of non-controlling|attributable to|distributed to||
|||||non-controlling interests|
||interests|non-controlling interests|non-controlling interests||
|None|||||

Notes that the shareholding percentage is different from the voting right percentage of non-controlling shareholders in subsidiaries: None
Other notes: None
(3) The Main Financial Information of Significant Not Wholly-owned Subsidiary
Unit: RMB
||||||||
|-|-|-|-|-|-|-|
||Ending balance||||||
|Name||Non-current||Current|Non-current||
||Current assets||Total assets|||Total liabilities|
|||assets||liabilities|liability||
|None|||||||

(Continued)
|||||||||
|-|-|-|-|-|-|-|-|
||Beginning balance|||||||
|Name||Current assets|Non-current||Current|Non-current|Total|
||Current assets|||Total assets||||
||||assets||liability|liabilities|liabilities|

BOE Technology Group Co., Ltd. Interim Report 2019
||
|-|
|None|

Unit: RMB
||||||||||
|-|-|-|-|-|-|-|-|-|
||Reporting Period||||Same period of last year||||
|||||||||Cash|
|||||Cash flows|||||
||||Total||||Total|flows|
|Name|Operating|||from|Operating||||
|||Net profit|comprehensive|||Net profit|comprehensive|from|
||revenue|||operating|revenue||||
||||income||||income|operating|
|||||activities|||||
|||||||||activities|
|None|||||||||

Other notes:
None
(4) Significant Limitation on the Use of Assets and Liquidation of Debts of the Company
None
(5) Financial Support or Other Support Provided for Structured Entities Included in the Scope of Consolidated Financial Statements
None
2. The Transaction Resulting in Changes inOwner’s Equity of Subsidiary but Still Controlling the Subsidiary
(1) Explanations on Changes inOwner’s Equity of Subsidiary
The Company increased its investment in Mianyang BOE of RMB150,000,000 in May 2019; non-controlling interests increased the investment in Mianyang BOE of RMB700,000,000. The Company held81.35% of shares in Mianyang BOE before the capital increase and78.35% of shares after the capital increase.
The Company increased its investment in Wuhan BOE of RMB1,920,000,000.00 in January, March, May, June 2019 successively; non-controlling interests increased the investment in Wuhan BOE of RMB3,290,000,000.00. The Company held14.58% of shares in Wuhan BOE before the capital increase and23.08% of shares after the capital increase.
The Company increased its investment in Kunming Display of RMB467,200,000.00 in January, February, April, May 2019 successively; non-controlling interests increased the investment in Kunming Display of RMB48,200,000.00. The Company held45.11% of shares in Kunming Display before the capital increase and69.43% of shares after the capital increase.
(2) The Effects of the Transaction on Non-controlling Interests and Equity Attributable to Owners of the Company as the Parent
Unit: RMB
|||||
|-|-|-|-|
|Item|Mianyang BOE|Kunming BOE|Wuhan BOE|
|Purchase cost/disposal consideration|150,000,000.00|467,200,000.00|1,920,000,000.00|

BOE Technology Group Co., Ltd. Interim Report 2019
|||||
|-|-|-|-|
|--Cash|150,000,000.00|467,200,000.00|1,920,000,000.00|
|--Fair value of non-cash assets|0.00|0.00|0.00|
|Total of purchase cost /disposal consideration|150,000,000.00|467,200,000.00|1,920,000,000.00|
|Less: Subsidiary net assets proportion||||
|calculated by share proportion|156,929,235.00|462,311,177.00|1,917,780,993.00|
|obtained/disposal||||
|Difference|-6,929,235.00|4,888,823.00|2,219,007.00|
|Of which: Adjustment of capital reserves|6,929,235.00|-4,888,823.00|-2,219,007.00|
|Surplus reserves adjustments|0.00|0.00|0.00|
|Retained profits adjustments|0.00|0.00|0.00|

 Other notes: None
3. Equity in Joint Ventures or Associated Enterprises
(1) Significant Joint Ventures or Associated Enterprises
||||||||
|-|-|-|-|-|-|-|
|||||Shareholding proportion||Accounting|
|||||||treatment to joint|
||Main business||Nature of||||
|Name||Registration place||||ventures or|
||place||business|Directly|Indirectly||
|||||||associated|
|||||||enterprise|
|None|||||||

Notes that the shareholding percentage is different from the voting right percentage in joint ventures or associated enterprises: None
Basis that having significant influence with voting right less than20% or that not having significant influence with voting right more than20%:
None
(2) Summary Financial Information of Insignificant Joint Ventures and Associated Enterprises
Unit: RMB
||||
|-|-|-|
|||Beginning balance/Same period of last|
|Item|Ending balance/Reporting Period||
|||year|
|Joint ventures:|--|--|
|Total carrying value of investment|0.00|0.00|
|Total of the following items calculated by|||
||--|--|
|shareholding proportion|||
|--Net profit|0.00|-3,900,535.00|
|--Other comprehensive income|0.00|0.00|

BOE Technology Group Co., Ltd. Interim Report 2019
||||
|-|-|-|
|--Total comprehensive income|0.00|-3,900,535.00|
|Associated enterprises:|--|--|
|Total carrying value of investment|2,625,460,926.00|2,389,166,886.00|
|Total of the following items calculated by|||
||--|--|
|shareholding proportion|||
|--Net profit|-16,571,961.00|-25,678,044.00|
|--Other comprehensive income|175,947,500.00|4,151,942.00|
|--Total comprehensive income|159,375,539.00|-21,526,102.00|

 Other notes
None
(3) Notes to the Significant Limitation on Capital Transfer to the Company by Joint Ventures or Associated Enterprises
None
(4) Unrecognized Commitments Related to Investment in Joint Ventures
None
(5) Contingent Liabilities Related to Investment in Joint Ventures or Associated Enterprises
None
4. Equity in the Structured Entity Excluded in the Scope of Consolidated Financial Statements
None
5. Other
None
X. The Risk 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 risksThe 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
BOE Technology Group Co., Ltd. Interim Report 2019 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 refers to the risk of financial losses to one party of a financial instrument due to the failure of obligation performance by the other party. The credit risk of the Group is mainly from accounts receivable. And the management will continue to monitor the exposure of these credit risks.
The monetary capital of the Group except for cash is mainly deposited in financial institutions with good credit. The management believes it has no material credit risks and will not cause losses to the Group due to thecounterpart’s default.
As for accounts receivable, the Group has worked out the credit policies based on actual situation to evaluatecustomers’ credit so as to decide the limit of sales on credit and credit period. The credit evaluation is conducted on the basis of acustomer’s financial condition, external rating and historical transaction records. The accounts receivable will expire within 15 to 120 days since the issue date of account bills. The debtors of overdue accounts receivable will be required to pay off all outstanding balance before obtaining further credit lines. In general, the Group will not ask customers to offer any collateral.
The credit risk of the Group is mainly influenced by characteristics of customers, not the industries, countries or regions they are in. Thus, the concentration of material credit risks is mainly generated from material accounts receivable of the Group from individual customers. On the balance sheet date, the accounts receivable of the Group and the Company from top five customers respectively account for51.99% and73.07% (in 2018:40% and0.06%) of total accounts receivable of the Group and the Company.What’s more, the accounts receivable of the Group not overdue and without impairment are mainly from customers without debt records recently. The maximum credit risk exposure born by the Group is the carrying amount of each financial asset in the balance sheet. As stated in Note XII, the Group has no external guarantee that will bring credit risks to the Group as of 30 June 2019.
(2) Liquidity Risk
Liquidity risk is the risk that an enterprise will encounter difficulty in meeting obligations that are settled by delivering cash or another financial asset. The Company and its individual subsidiaries are responsible for their own cash management, including short-term investment of cash surpluses and the raising of loans to cover expected cash demands (subject to approval by theCompany’s board when the borrowings exceed certain predetermined levels). TheGroup’s policy is to regularly monitor its liquidity requirements and its compliance with lending covenants, to ensure that it maintains sufficient reserves of cash, readily realisable marketable securities and adequate committed lines of funding from major financial institutions to meet its liquidity requirements in the short and longer term.
(3) Interest Rate Risk
Interest-bearing financial instruments at variable rates and at fixed rates expose the Group to cash flow interest rate risk and fair value interest risk, respectively. The Group determines the appropriate weightings of the fixed and floating rate interest-bearing instruments based on the current market conditions and performs regular reviews and monitoring to achieve an appropriate mix of fixed and floating rate exposure. The Group does not enter into financial derivatives to hedge interest rate risk.
As at 30 June 2019, it is estimated that a general increase/decrease of 100 basis points in interest rates of variable rate instrument, with all other variables held constant, would decrease/increase theGroup’s net profit and equity by RMB81.15 million（2018: RMB104.38 million).
BOE Technology Group Co., Ltd. Interim Report 2019 In respect of the exposure to cash flow interest rate risk arising from floating rate non-derivative instruments held by the Group at the balance sheet date, the impact on the net profit and equity is estimated as an annualised impact on interest expense or income of such a change in interest rates. The analysis is performed on the same basis for the previous year.
(4) Foreign currency risk
In respect of cash at bank and on hand, accounts receivable and payable, short-term loans and other assets and liabilities denominated in foreign currencies other than the functional currency, the Group ensures that its net exposure is kept to an acceptable level by buying or selling foreign currencies at spot rates when necessary to address short-term imbalances.
(a) TheGroup’s exposure as at 30 June to currency risk arising from recognized foreign currency assets or liabilities is mainly denominated in US dollar. The amount of the USD exposure is net liabilities exposure USD 2,140,890,803 (2018 net liabilities exposure: USD 2,098,686,634), translated into RMB 14,717,982,001 (2018: RMB 14,403,706,106), using the spot rate at the balance sheet date. Differences resulting from the translation of the financial statements denominated in foreign currency are excluded. (b) Assuming all other risk variables remained constant, a5% strengthening / weakening of the Renminbi against the US dollar at 30 June would have increased / decreased both theGroup’s equity and net profit by the amount RMB 460,553,954 (2018: RMB 506,911,356).
The sensitivity analysis above assumes that the change in foreign exchange rates had been applied to re-measure those financial instruments held by the Group which expose the Group to foreign currency risk at the balance sheet date. The analysis excludes differences that would result from the translation of the financial statements denominated in foreign currency. The analysis is performed on the same basis for the previous year.
(5) Other Price Risks Include Equity Price Risk, Commodity Price Risk, etc.
XI. The Disclosure of Fair Value
1. Ending Fair Value of Assets and Liabilities at Fair Value
Unit: RMB
||||||
|-|-|-|-|-|
||Ending 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) Trading financial assets|0.00|0.00|0.00|0.00|
|1. Financial assets at fair|||||
|value through profit or|0.00|0.00|0.00|0.00|
|loss|||||
|(1) Debt instruments|||||
||0.00|0.00|3,932,990,942.00|3,932,990,942.00|
|investment|||||
|(2) Equity instruments|||||
||0.00|0.00|0.00|0.00|
|investment|||||
|(3) Derivative financial|0.00|0.00|0.00|0.00|

BOE Technology Group Co., Ltd. Interim Report 2019
||||||
|-|-|-|-|-|
|assets|||||
|2. Financial assets|||||
|assigned measured by fair|||||
|value and the changes be|0.00|0.00|13,757,311.00|13,757,311.00|
|included in the current|||||
|gains and losses|||||
|(1) Debt instruments|||||
||0.00|0.00|13,757,311.00|13,757,311.00|
|investment|||||
|(2) Equity instruments|||||
||0.00|0.00|0.00|0.00|
|investment|||||
|(II) Other creditors’|||||
||0.00|0.00|0.00|0.00|
|investment|||||
|(III) Other equity|||||
||356,721,284.00|0.00|0.00|356,721,284.00|
|instrument investment|||||
|(IV) Investment property|0.00|0.00|0.00|0.00|
|1. Lease the land use right|0.00|0.00|0.00|0.00|
|2. Rental buildings|0.00|0.00|0.00|0.00|
|3. Land use right held and|||||
|prepared to transfer after|0.00|0.00|0.00|0.00|
|appreciation|||||
|(V)Biological assets|0.00|0.00|0.00|0.00|
|1.Consumable biological|||||
||0.00|0.00|0.00|0.00|
|assets|||||
|2. Productive living assets|0.00|0.00|0.00|0.00|
|Total assets of consistent|||||
||356,721,284.00|0.00|0.00|356,721,284.00|
|fair value measurement|||||
|(VI) Trading financial|||||
||0.00|0.00|0.00|0.00|
|liabilities|||||
|Of which: Tradable bond|||||
||0.00|0.00|0.00|0.00|
|issued|||||
|Derivative financial|||||
||0.00|0.00|0.00|0.00|
|liabilities|||||
|Other|0.00|0.00|0.00|0.00|
|(VII) Refer as financial|||||
|liabilities measured by fair|||||
|value and the changes|0.00|0.00|71,000,000.00|71,000,000.00|
|included in the current|||||
|gains and losses|||||
|Total liabilities of|0.00|0.00|71,000,000.00|71,000,000.00|

BOE Technology Group Co., Ltd. Interim Report 2019
||||||
|-|-|-|-|-|
|consistent fair value|||||
|measurement|||||
|II. Inconsistent fair value|||||
||--|--|--|--|
|measurement|||||
|(I) Held-for-sale assets|0.00|0.00|0.00|0.00|
|Total assets inconsistently|||||
||0.00|0.00|0.00|0.00|
|measured at fair value|||||
|Total liabilities|||||
|inconsistent measured at|0.00|0.00|0.00|0.00|
|fair value|||||

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. Consistent and Inconsistent Fair value Measurement Items at Level 2, Valuation Techniques Adopted, the Qualitative and Quantitative Information of Important Parameters
Observable input value of related assets or liabilities except level 1 input value
4. Consistent and Inconsistent Fair Value Measurement Items at Level 3, Valuation Techniques Adopted, the Qualitative and Quantitative Information of Important Parameters
The unobservable input value of related assets or liabilities
5. Consistent Fair Value Measurement Items at Level 3, Adjustment between the Beginning Carrying Value and the Ending Carrying Value and Sensitivity Analysis on Unobservable Parameters
None
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 Level
None
7. Changes in Valuation Techniques in the Reporting Period and Reasons for the Changes
None
8. Fair Value of Financial Assets and Liabilities Not Measured at Fair Value
None
BOE Technology Group Co., Ltd. Interim Report 2019 9. Other
None
XII. Connected Party and Connected Transaction
1. Information on the Company as the Parent
|||||||
|-|-|-|-|-|-|
|||||Proportion of|Proportion of|
|||||share held by|voting rights|
||Registration|||the Company as|owned by the|
|Name||Nature of business|Registered capital|||
||place|||the parent|Company as the|
|||||against the|parent against the|
|||||Company (%)|Company (%)|
||No.12 Jiuxian|Operation and||||
|Beijing||||||
||Bridge,|management of||||
|Electronics|||RMB2,418,350,000.00|0.79%|11.32%|
||Zhaoyang|state-owned assets within||||
|Holding Co., Ltd.||||||
||District, Beijing|authorization||||

Notes to the Company as the parent:
None
The final controller of the Company is Beijing Electronics Holding Co., Ltd.
Other notes: None
2. Subsidiaries of the Company
Refer to Note IX.-1 for details.
3. Information on the Joint Ventures and Associated Enterprises of the Company
For information of significant joint ventures or associated enterprises of the Company, please refer to Note IX-3.
List of other joint ventures and associated enterprises that made connected transactions with the Company generating balance during or before the Reporting Period:
|||
|-|-|
|Name|Relationship with the Company|
|Beijing Nittan Electronic Co., Ltd.|Associated enterprise of the Group and the Company|
|TPV Display Technology (China) Limited|Associated enterprise of the Group and the Company|
|Beijing Rishen Electronic Precision Parts Co., Ltd.|Associated enterprise of the Group and the Company|

Other notes:
None
BOE Technology Group Co., Ltd. Interim Report 2019 4. Information on Other Connected Parties
|||
|-|-|
|Name|Relationship with the Company|
|Beijing BOE Investment Development Co., Ltd.|Controlled by the same ultimate holding company|
|Beijing Sevenstar Huadian Technology Group Co., Ltd.|Controlled by the same ultimate holding company|
|Beijing BOE Investment Development Co., Ltd.|Controlled by the same ultimate holding company|
|Beijing Dongdian Industrial Development Co., Ltd.|Controlled by the same ultimate holding company|
|Beijing Electronics Holding & SK Technology Co., Ltd.|Controlled by the same ultimate holding company|
|Beijing Yansong Trading Co., Ltd.|Controlled by the same ultimate holding company|
|Beijing Zhengdong Electronic Power Group Co., Ltd.|Controlled by the same ultimate holding company|
|Beijing North Microelectronics Co., Ltd.|Controlled by the same ultimate holding company|
|Beijing Zhengdong Electronic Power Group Co., Ltd.|Controlled by the same ultimate holding company|
|Beijing Zhaowei Technology Development Co., Ltd.|Controlled by the same ultimate holding company|
|Beijing Zhaowei Intelligent Equipment Co., Ltd.|Controlled by the same ultimate holding company|
|Xin Xiang Microelectronic (Hong Kong) Co., Ltd.|Controlled by the same ultimate holding company|
|Beijing Ether Electronics Group Co., Ltd.|Controlled by the same ultimate holding company|
|BAIC BJEV|Other connected party|
|China United Network Communications Limited|Other connected party|

Other notes
None
5. List of Connected Transactions
(1) Information on Acquisition of Goods and Reception of Labor Service
Information on acquisition of goods and reception of labor service
Unit: RMB
|||||||
|-|-|-|-|-|-|
|||||Whether||
||||The approval trade||Same period of last|
|Connected party|Content|Reporting Period||exceed trade||
||||credit||year|
|||||credit or not||
|Beijing Electronics Holding||||||
|Co., Ltd and its affiliated|Purchase of goods|299,540,011.00|600,000,000.00|No|226,147,968.00|
|companies||||||
|Beijing Electronics Holding||||||
||Accepting labor|||||
|Co., Ltd and its affiliated||1,453,989.00|8,000,000.00|No|1,887,192.00|
||service|||||
|companies||||||
|Other connected party|Purchase of goods|0.00|130,000,000.00|No|7,719,867.00|
|Other connected party|Accepting labor|1,292,600.00|5,000,000.00|No|0.00|

BOE Technology Group Co., Ltd. Interim Report 2019
||
|-|
|service|

Information of sales of goods and provision of labor service
Unit: RMB
|||||
|-|-|-|-|
||||Same period of last|
|Connected party|Content|Reporting Period||
||||year|
|Beijing Electronics Holding Co., Ltd and its affiliated||||
||Sales of goods|265,677.00|403,808.00|
|companies||||
|Beijing Electronics Holding Co., Ltd and its affiliated||||
||Providing labor service|383,744.00|45,745.00|
|companies||||
|Other connected party|Sales of goods|315,673.00|3,239,373.00|
|Other connected party|Providing labor service|32,781.00|6,253,228.00|

 Notes: None
(2) Connected Trusteeship/Contract and Entrust/Contractee
Lists of connected trusteeship/contract:
Unit: RMB
||||||||
|-|-|-|-|-|-|-|
|Name of the|Name of the|||||Income|
|entruster/contract|entrustee/|Type|Start date|Due date|Pricing basis|recognized in the|
|ee|contractor|||||Reporting Period|
|None|||||||

Notes: None
Lists of entrust/contractee
Unit: RMB
||||||||
|-|-|-|-|-|-|-|
|Name of the|Name of the|||||Income|
|entruster/contract|entrustee/|Type|Start date|Due date|Pricing basis|recognized in the|
|ee|contractor|||||Reporting Period|
|None|||||||

Notes:
None
(3) Information on Connected Lease
The Company served as the lessor:
Unit: RMB
|||||
|-|-|-|-|
||||The lease income|
|||The lease income confirmed||
|Name of lessee|Category of leased assets||confirmed in the same|
|||in the Reporting Period||
||||period of last year|
|Beijing Electronics Holding Co., Ltd and its|Investment property|21,164.00|757,937.00|

BOE Technology Group Co., Ltd. Interim Report 2019
||
|-|
|affiliated companies|

The Company served as the lessee:
Unit: RMB
|||||
|-|-|-|-|
||||The lease income|
|||The lease income confirmed||
|Name of lessor|Category of leased assets||confirmed in the Same|
|||in the Reporting Period||
||||period of last year|
|Beijing Electronics Holding Co., Ltd and its||||
||Fixed assets|1,445,383.00|1,218,031.00|
|affiliated companies||||

Notes to connected lease: None
(4) Connected Guarantee
The Company served as the guarantee
Unit: RMB
||||||
|-|-|-|-|-|
|||||Whether completely|
|Secured party|Amount|Start date|Due date||
|||||performed|
|None|||||

The Company served as the secured party
Unit: RMB
||||||
|-|-|-|-|-|
|||||Whether completely|
|Guarantee|Amount|Start date|Due date||
|||||performed|
|None|||||

Notes to connected guarantee: None
(5) Interbank Borrowing and Lending of Capital by Connected Party
Unit: RMB
||||||
|-|-|-|-|-|
|Connected party|Amount|Start date|Due date|Note|
|Borrowings|||||
|None|||||
|Lending|||||
|None|||||

(6) Assets Transfer and Debt Restructuring of Connected Party
Unit: RMB
|||||
|-|-|-|-|
|Connected party|Content|Reporting Period|Same period of last year|
|None||||

BOE Technology Group Co., Ltd. Interim Report 2019 (7) Remuneration for Key Management Personnel
Unit: RMB
||||
|-|-|-|
|Item|Reporting Period|Same period of last year|
|Remuneration for key management|||
||26,153,302.00|50,069,577.00|
|personnel|||

(8) Other Connected Transactions
None
6. Accounts Receivable and Payable of Connected Party
(1) Accounts Receivable
Unit: RMB
|||||||
|-|-|-|-|-|-|
|||Ending balance||Beginning balance||
|Item|Connected party||Bad debt||Bad debt|
|||Carrying amount||Carrying amount||
||||provision||provision|
||Beijing Electronics Holding|||||
|Accounts receivable|Co., Ltd and its affiliated|232,242.00|0.00|18,982.00|0.00|
||companies|||||
||Beijing Electronics Holding|||||
|Prepayment|Co., Ltd and its affiliated|1,142,210.00|0.00|2,814,000.00|0.00|
||companies|||||
|Accounts receivable|Other connected parties|205,957.00|0.00|33,264.00|0.00|
||Beijing Electronics Holding|||||
|Other accounts||||||
||Co., Ltd and its affiliated|12,148.00|0.00|12,148.00|0.00|
|receivable||||||
||companies|||||
|Prepayment|Other connected parties|1,054,527.00|0.00|0.00|0.00|

 (2) Accounts Payable
Unit: RMB
|||||
|-|-|-|-|
|Item|Connected party|Ending carrying balance|Beginning carrying balance|
||Beijing Electronics Holding Co., Ltd and its|||
|Accounts payable||29,895,259.00|25,736,668.00|
||affiliated companies|||
|Other accounts|Beijing Electronics Holding Co., Ltd and its|||
|||237,097,543.00|294,453,309.00|
|payable|affiliated companies|||
|Advances from|Beijing Electronics Holding Co., Ltd and its|10,679.00|1,111.00|

BOE Technology Group Co., Ltd. Interim Report 2019
|||||
|-|-|-|-|
|customers|affiliated companies|||
|Accounts payable|Other connected parties|2,456,725.00|4,625,142.00|
|Other accounts||||
||Other connected parties|91,479.00|116,479.00|
|payable||||

7. Commitments of Connected Party
Signed commitments in relation to related parties on the balance sheet date thatdidn’t need to be presented on the balance sheet:
|||||||
|-|-|-|-|-|-|
||Item||2019||2018|
|Equipment purchase commitment||327,370,768.00||370,768,209.00||

 8. Other
None
XIII. Commitments and Contingency
1. Significant Commitments
Significant commitments on the balance sheet date
(1) Capital Commitments
||||
|-|-|-|
|The Group|30 June 2019|31 December 2018|
|Signed but not performed|71,517,184,458.00|61,515,573,632.00|
|Approved but contract unsigned|94,709,082,722.00|84,789,129,465.00|
|Total|166,226,267,180.00|146,304,703,097.00|

||||
|-|-|-|
|The Company|30 June 2019|31 December 2018|
|Signed but not performed|44,326,641,398.00|39,666,849,756.00|
|Approved but contract unsigned|0.00|0.00|
|Total|44,326,641,398.00|39,666,849,756.00|

 (2) Operating Commitments
||||
|-|-|-|
|The Group|30 June 2019|31 December 2018|
|Within 1 year (including 1 year)|52,839,746.00|53,187,055.00|
|Over 1 year and within 2 years (including 2 years)|24,811,029.00|30,220,405.00|

BOE Technology Group Co., Ltd. Interim Report 2019
||||
|-|-|-|
|Over 2 years and within 3 years (including 3 years)|23,708,000.00|21,345,206.00|
|Over 3 years|60,190,211.00|82,499,050.00|
|Total|161,548,986.00|187,251,716.00|

 2. Contingency
(1) Significant Contingency on the Balance Sheet Date
None
(2) Explanations Should Also Be Given when there Was No Significant Contingency to Disclose
There was no significant contingency to disclose.
3. Other
None
XIV. Other Significant Events
1. Pension Plans
In order to ensure and improve the living standards of BOE retirees and put in place a multi-layer old-age security system and a long-term talent retaining mechanism, as perChina’s relevant policies and regulations, BOE has established the annuity programme since January 2014. The annuity fund consists of the contributions by the Company (paid as per thegovernment’s regulations according to the applicable taxation policy), the contributions by employees (deducted by the Company from their salaries according to the applicable taxation policy) and the returns on investment by the fund (operated by the relevant government department according to the investment principle of high security and moderate income). Currently, the Company pays5% of anemployee’s annuity contribution to the fund. 2,627 employees have so far participated in the annuity programme with an accumulative net asset value of RMB177.71 million and an average annualized rate of return of4.49%.
2. Segment Information
(1) Recognition Basis and Accounting Policies of Reportable Segment
(1) Segment Reporting Considerations
The Group principal decision-makers review the operation performance and distribute resources in accordance to the business segments below.
(a) Display and Sensor Devices— This business mainly leading the innovation and development of TFT-LCD technologies, has been committed to speeding up the development of AMOLED, flexible display, VR/AR and other new display devices and sensors, promoting the development of gene sequencing, molecular antenna, multi-sign sensor, photoelectric sensing, fingerprint
identification and security, and upgrading information exchange ports and related sensors on the basis of the display, so as to offer
better products and services in smart phones, tablet PCs, laptops, displays, televisions, industrial control, health care, VR/AR and
BOE Technology Group Co., Ltd. Interim Report 2019 other applications.
(b) Smart systems— This business mainly expanding its business in digital art exhibition, supermarket retailing services, financial retailing services, smart equipment design and manufacturing services, photovoltaic facilities construction and operation& maintenance, vehicle-based display and Internet of Vehicles (IoV). It provides smart solutions for smart retailing, smart manufacturing services, smart energy and smart Internet of Vehicles.
(c) Healthcare service— This business mainly accumulate the display, sensor, artificial intelligence and large data four years core technology and medicine, life science combination, the integration of medical innovation, build, including artificial intelligence, life data detection, cell engineering, medical technology innovation transformation And other innovative technology platform, focusing on the development of mobile health, digital hospitals, regenerative medicine and health park four business, for human health to provide intelligent port products and professional services.
(d) Others— Other service mainly includes technical development service and patent maintenance service.
The main reason to separate the segments is that the Group independently manages the port devices business, the smart IoT business, and healthcare service businesses and other businesses. Because the business segments manufacture and distribute different products, apply different manufacturing processes and specifies in gross profit, the business segments are managed independently. The management evaluates the performance and allocates resources according to the profit of each business segment and does not take financing cost and investment income into account
(2) Accounting policy for the measurements of segment profit or loss, assets and liabilities
For the purposes of assessing segment performance and allocating resources between segments, theGroup’s management regularly reviews the assets, liabilities, revenue, expenses and financial performance, attributable to each reportable segment on the following bases:
Segment assets include all tangible, intangible, other non-current and current assets, such as accounts receivable, with the exception of deferred tax assets and other unallocated corporate assets. Segment liabilities include payables, bank borrowings and other long-term liabilities attributable to the individual segments, but exclude deferred tax liabilities and other unallocated corporate liabilities.
Financial performance is operating income (including operating income from external customers and inter-segment operating income) after deducting expenses, depreciation, amortization, impairment losses, gains or losses from changes in fair value, investment gain, non-operating income and expenses and income tax expenses attributable to the individual segments. The transfer pricing of inter-segment sales are determined with reference to prices charged to external parties for similar orders.
BOE Technology Group Co., Ltd. Interim Report 2019
(2) The Financial Information of Reportable Segment
Unit: RMB
||||||||
|-|-|-|-|-|-|-|
||Display and Sensor||||||
|Item||Smart systems|Healthcare service|Others|Offset among segments|Total|
||Devices||||||
|Operation|50,896,645,297.00|7,521,943,172.00|663,753,643.00|3,567,353,945.00|-7,610,487,370.00|55,039,208,687.00|
|revenue|||||||
|Cost of sales|42,975,736,712.00|6,831,554,480.00|322,726,810.00|4,206,107.00|-4,321,890,878.00|45,812,333,231.00|

 (3) If there Was no Reportable Segment, or the Total Amount of Assets and Liabilities of Each Reportable Segment Could not Be Reported, Relevant Reasons Shall Be Clearly Stated
None
(4)Other Notes
None
3. Other Significant Transactions with Influence onInvestors’ Decision-making
None
4. Other
None
BOE Technology Group Co., Ltd. Interim Report 2019
XV. Notes of Main Items in the Financial Statements of the Company as the Parent
1. Accounts Receivable
(1) Accounts Receivable Disclosed by Category
Unit: RMB
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
||Ending balance|||||Beginning balance|||||
||Carrying amount||Bad debt provision|||Carrying amount||Bad debt provision|||
|Category|||||||||||
|||||Withdrawal|Carrying value||||Withdrawal|Carrying value|
||Amount|Proportion|Amount|||Amount|Proportion|Amount|||
|||||proportion|||||proportion||
|Of which:|||||||||||
|Accounts receivable|||||||||||
|withdrawn bad debt|909,239,939.00|100.00%|5,799,220.00|1.00%|903,440,719.00|39,842,489.00|100.00%|2,889,866.00|7.00%|36,952,623.00|
|provision by group|||||||||||
|Of which:|||||||||||
|Total|909,239,939.00|100.00%|5,799,220.00|1.00%|903,440,719.00|39,842,489.00|100.00%|2,889,866.00|7.00%|36,952,623.00|

 Bad Debt Provision Withdrawn by Single Item:
Unit: RMB
||||||
|-|-|-|-|-|
||Ending balance||||
|Name|||||
||Carrying amount|Bad debt provision|Withdrawal proportion|Reason for withdrawal|
|None|||||
|Total|||--|--|

BOE Technology Group Co., Ltd. Interim Report 2019 Bad Debt Provision Withdrawn by Group:
Unit: RMB
|||||
|-|-|-|-|
||Ending balance|||
|Name||||
||Carrying amount|Bad debt provision|Withdrawal proportion|
|Portfolio of credit risk|909,239,939.00|5,799,220.00|1.00%|
|Total|909,239,939.00|5,799,220.00|--|

Notes of the basis of recognizing the group:
None
Please refer to the relevant information of disclosure of bad debt provision of other accounts receivable if adopting the general mode of expected credit loss to withdraw bad debt provision of notes receivable.
√Applicable□ Not applicable
Unit: RMB
||||||
|-|-|-|-|-|
||First stage|Second stage|Third stage||
|||Expected loss in the|||
|Bad debt provision|Expected credit loss of||Expected loss in the duration|Total|
|||duration (credit|||
||the next 12 months||(credit impairment occurred)||
|||impairment not occurred)|||
|Balance of 1 January 2019|0.00|0.00|2,889,866.00|2,889,866.00|
|Balance of 1 January 2019|——|——|——|——|
|in the current period|||||
|--Transfer to Second stage|0.00|0.00|0.00|0.00|
|-- Transfer to Third stage|0.00|0.00|0.00|0.00|
|-- Reverse to Second stage|0.00|0.00|0.00|0.00|
|-- Reverse to Third stage|0.00|0.00|0.00|0.00|
|Withdrawal of the current|0.00|774.00|2,908,580.00|2,909,354.00|
|period|||||
|Reversal of the current|0.00|0.00|0.00|0.00|
|period|||||
|Write-offs of the current|0.00|0.00|0.00|0.00|
|period|||||
|Verification of the current|0.00|0.00|0.00|0.00|
|period|||||
|Other changes|0.00|0.00|0.00|0.00|
|Balance of 30 June 2019|0.00|774.00|5,798,446.00|5,799,220.00|

Disclosure by aging
BOE Technology Group Co., Ltd. Interim Report 2019 Unit: RMB
|||
|-|-|
|Aging|Ending balance|
|Within 1 year (including 1 year)|808,566,868.00|
|1 to 2 years|83,234,894.00|
|2 to 3 years|0.00|
|Over 3 years|17,438,177.00|
|Total|909,239,939.00|

 (2) Bad Debt Provision Withdrawn, Reversed or Recovered in the Reporting Period
The withdrawal amount of the bad debt provision during the Reporting Period was of RMB2,909,354.00; there is no reversed or collected amount during the Reporting Period.
(3) Accounts Receivable with Actual Verification during the Reporting Period
None
(4) Top 5 Accounts Receivable in Ending Balance Collected according to the Arrears Party
The total amount of top 5 accounts receivable in ending balance was RMB 664,369,915.00, accounting73.07% in ending balance of accounts receivable without withdrawing bad debt by evaluation.
(5) Accounts Receivable Derecognized Due to the Transfer of Financial Assets
None
(6) The Amount of the Assets and Liabilities Formed by the Transfer and the Continued Involvement of Accounts Receivable
None
2. Other Accounts Receivable
Unit: RMB
||||
|-|-|-|
|Category|Ending balance|Beginning balance|
|Interest receivable|9,216,577.00|9,659,279.00|
|Dividend receivable|10,874,738.00|14,115,915.00|
|Other accounts receivable|3,130,653,415.00|1,992,044,350.00|
|Total|3,150,744,730.00|2,015,819,544.00|

BOE Technology Group Co., Ltd. Interim Report 2019 (1) Interest Receivable
1) Category of Interest Receivable
Unit: RMB
||||
|-|-|-|
|Category|Ending balance|Beginning balance|
|Fixed time deposit|9,216,577.00|9,659,279.00|
|Entrusted loan|0.00|0.00|
|Bond investment|0.00|0.00|
|Total|9,216,577.00|9,659,279.00|

 2) Significant Overdue Interest
||||||
|-|-|-|-|-|
|||||Whether occurred|
|Borrower|Ending balance|Overdue time|Reason|impairment and its|
|||||judgment basis|
|None|||||

Other notes:
None
3) Information of Withdrawal of Bad Debt Provision
□ Applicable√ Not applicable
(2) Dividend Receivable
1) Category of Dividend Receivable
Unit: RMB
||||
|-|-|-|
|Item(or investee)|Ending balance|Beginning balance|
|Beijing BOE Vacuum Electronics Co., Ltd.|2,200,000.00|2,200,000.00|
|Beijing Yinghe Century Co., Ltd.|8,204,147.00|8,204,147.00|
|Beijing Electronic City Co., Ltd.|0.00|3,711,768.00|
|TPV Technology Co., Ltd.|470,591.00|0.00|
|Total|10,874,738.00|14,115,915.00|

 2) Significant Dividend Receivable Aging Over One Year
Unit: RMB
||||||
|-|-|-|-|-|
|||||Whether occurred|
|Item(or investee)|Ending balance|Aging|Unrecovered reason|impairment and its|
|||||judgment basis|
|None|||||

3) Information of Withdrawal of Bad Debt Provision
□ Applicable√ Not applicable
Other notes:
BOE Technology Group Co., Ltd. Interim Report 2019 None
(3) Other Accounts Receivable
1) Other Account Receivable Classified by Account Nature
Unit: RMB
||||
|-|-|-|
|Nature|Ending carrying amount|Beginning carrying amount|
|Intercourse funds|2,832,468,418.00|305,938,861.00|
|Rent receivable|14,979,329.00|227,919,843.00|
|Royalty receivable|183,977,983.00|1,441,130,049.00|
|Other|103,371,649.00|17,064,513.00|
|Total|3,134,797,379.00|1,992,053,266.00|

 2) Information of Withdrawal of Bad Debt Provision
Unit: RMB
||||||
|-|-|-|-|-|
||First stage|Second stage|Third stage||
|||Expected loss in the|Expected loss in the||
|Bad debt provision|Expected credit loss of|||Total|
|||duration (credit|duration (credit impairment||
||the next 12 months||||
|||impairment not occurred)|occurred)||
|Balance of 1 January 2019|0.00|8,916.00|0.00|8,916.00|
|Balance of 1 January 2019 in|||||
||——|——|——|——|
|the current period|||||
|--Transfer to Second stage|0.00|0.00|0.00|0.00|
|-- Transfer to Third stage|0.00|0.00|0.00|0.00|
|-- Reverse to Second stage|0.00|0.00|0.00|0.00|
|-- Reverse to Third stage|0.00|0.00|0.00|0.00|
|Withdrawal of the current|||||
||0.00|30,905.00|4,104,234.00|4,135,139.00|
|period|||||
|Reversal of the current period|0.00|0.00|91.00|91.00|
|Write-offs of the current period|0.00|0.00|0.00|0.00|
|Verification of the current|||||
||0.00|0.00|0.00|0.00|
|period|||||
|Other changes|0.00|0.00|0.00|0.00|
|Balance of 30 June 2019|0.00|39,730.00|4,104,234.00|4,143,964.00|

 Changes of carrying amount with significant amount changed of loss provision in the current period
□ Applicable√ Not applicable
Disclosure by aging
BOE Technology Group Co., Ltd. Interim Report 2019 Unit: RMB
|||
|-|-|
|Aging|Ending balance|
|Within 1 year (including 1 year）|2,805,740,314.00|
|1 to 2 years|83,099,394.00|
|2 to 3 years|18,968,330.00|
|Over 3 years|226,989,341.00|
|Total|3,134,797,379.00|

 3) Bad Debt Provision Withdrawn, Reversed or Recovered in the Reporting Period
The bad debt provision withdrawn in the Current Period was RMB4,135,139.00 and the bad debt provision recovered or reversed in the Reporting Period was RMB91.00.
4) Other Accounts Receivable with Actual Verification during the Reporting Period
None
5) Top 5 Other Accounts Receivable in Ending Balance Collected according to the Arrears Party
Unit: RMB
|||||||
|-|-|-|-|-|-|
|||||Proportion to total|Ending|
|Name of the||||ending balance of|balance of|
||Nature|Ending balance|Aging|||
|entity||||other accounts|bad debt|
|||||receivable|provision|
|Customer 1|Intercourse funds|1,057,322,258.00|Within 1 year, over 5 years|33.73%|0.00|
||||Within 1 year,1 to 2 years, 2|||
|Customer 2|Intercourse funds|792,916,546.00||25.29%|0.00|
||||to 3 years|||
|Customer 3|Intercourse funds|401,301,353.00|Within 1 year|12.80%|0.00|
|Customer 4|Intercourse funds|391,405,909.00|Within 1 year|12.49%|0.00|
|Customer 5|Intercourse funds|189,779,388.00|Within 1 year, over 5 years|6.05%|0.00|
|Total|--|2,832,725,454.00|--|90.36%|0.00|

 6) Accounts Receivable Involving Government Subsidies
Unit: RMB
||||||
|-|-|-|-|-|
||Project of government|||Estimated recovering|
|Name of the entity||Ending balance|Ending aging||
||subsidies|||time, amount and basis|
|None|||||

None
7) Other Accounts Receivable Derecognized Due to the Transfer of Financial Assets
None
8) Amount of Assets and Liabilities Due to the Transfer of Other Account Receivable and Continued Involvement
None
Other notes:
None
BOE Technology Group Co., Ltd. Interim Report 2019
3. Long-term Equity Investment
Unit: RMB
||||||||
|-|-|-|-|-|-|-|
||Ending balance|||Beginning balance|||
|Item|||||||
||Carrying amount|Depreciation reserve|Carrying value|Carrying amount|Depreciation reserve|Carrying value|
|Investment to subsidiaries|145,727,705,023.00|60,000,000.00|145,667,705,023.00|141,883,775,023.00|60,000,000.00|141,823,775,023.00|
|Investment to joint|||||||
|ventures and associated|1,911,717,052.00|0.00|1,911,717,052.00|1,675,958,462.00|0.00|1,675,958,462.00|
|enterprises|||||||
|Total|147,639,422,075.00|60,000,000.00|147,579,422,075.00|143,559,733,485.00|60,000,000.00|143,499,733,485.00|

 (1) Investment to Subsidiaries
Unit: RMB
||||||||
|-|-|-|-|-|-|-|
||||||Depreciation|Ending balance|
|Investee|Beginning balance|Increase|Decrease|Ending balance|reserve|of depreciation|
||||||withdrawn|reserve|
|Beijing BOE Semiconductor Co., Ltd.|9,450,000.00|0.00|0.00|9,450,000.00|0.00|0.00|
|Beijing Yinghe Century Co., Ltd.|333,037,433.00|0.00|0.00|333,037,433.00|0.00|0.00|
|Beijing BOE Land Co., Ltd.|7,731,474.00|0.00|0.00|7,731,474.00|0.00|0.00|
|BOE (Hebei) Mobile Technology Co., Ltd.|1,353,651,020.00|0.00|0.00|1,353,651,020.00|0.00|0.00|
|BOE Hyundai LCD (Beijing) Display Technology Co., Ltd.|31,038,525.00|0.00|0.00|31,038,525.00|0.00|0.00|
|Beijing BOE Vacuum Electronics Co., Ltd.|19,250,000.00|0.00|0.00|19,250,000.00|0.00|0.00|
|Beijing BOE Vacuum Technology Co., Ltd.|32,000,000.00|0.00|0.00|32,000,000.00|0.00|0.00|
|Beijing BOE Optoelectronics Technology Co., Ltd.|4,172,288,084.00|0.00|0.00|4,172,288,084.00|0.00|0.00|

BOE Technology Group Co., Ltd. Interim Report 2019
||||||||
|-|-|-|-|-|-|-|
|Beijing BOE Special Display Technology Co., Ltd.|40,000,000.00|0.00|0.00|40,000,000.00|0.00|60,000,000.00|
|BOE Optoelectronics Technology Co., Ltd.|658,961,914.00|0.00|0.00|658,961,914.00|0.00|0.00|
|BOE Marketing Co., Ltd.|30,500,000.00|0.00|0.00|30,500,000.00|0.00|0.00|
|Chengdu BOE Optoelectronics Technology Co., Ltd.|19,283,149,991.00|760,000,000.00|0.00|20,043,149,991.00|0.00|0.00|
|Beijing Asahi Electronic Material Co., Ltd.|30,888,470.00|0.00|0.00|30,888,470.00|0.00|0.00|
|BOE (Korea) Co., Ltd.|788,450.00|0.00|0.00|788,450.00|0.00|0.00|
|Beijing BOE Optoelectronics Holding Co., Ltd.|2,768,662,024.00|0.00|0.00|2,768,662,024.00|0.00|0.00|
|Beijing BOE Display Technology Co., Ltd.|17,418,713,599.00|0.00|0.00|17,418,713,599.00|0.00|0.00|
|Beijing BOE Energy Technology Co., Ltd.|850,000,000.00|0.00|0.00|850,000,000.00|0.00|0.00|
|Beijing BOE Multimedia Technology Co. Ltd.|400,000,000.00|0.00|0.00|400,000,000.00|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|
|Beijing•Matsushita Color CRT Co., Ltd.|0.00|0.00|0.00|0.00|0.00|0.00|
|Beijing BOE Video Technology Co., Ltd.|3,020,000,000.00|220,000,000.00|0.00|3,240,000,000.00|0.00|0.00|
|Beijing BOE Smart Commerce Co., Ltd.|10,000,000.00|0.00|0.00|10,000,000.00|0.00|0.00|
|Beijing Zhongxiangying Technology Co., Ltd.|10,000,000.00|0.00|0.00|10,000,000.00|0.00|0.00|
|Ordos Yuansheng Optoelectronics Co., Ltd.|11,804,000,000.00|0.00|0.00|11,804,000,000.00|0.00|0.00|
|Ordos Haosheng Energy Investment Co., Ltd.|2,000,000.00|0.00|0.00|2,000,000.00|0.00|0.00|
|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.|19,565,354,599.00|0.00|0.00|19,565,354,599.00|0.00|0.00|
|Hefei BOE Display Technology Co., Ltd.|1,998,765,323.00|0.00|0.00|1,998,765,323.00|0.00|0.00|
|Fuzhou BOE Optoelectronic Technology Co., Ltd.|14,300,042,079.00|0.00|0.00|14,300,042,079.00|0.00|0.00|
|BOE Healthcare Co., Ltd.|1,743,154,069.00|275,000,000.00|0.00|2,018,154,069.00|0.00|0.00|
|Intelligent Technology|50,000,000.00|30,000,000.00|0.00|80,000,000.00|0.00|0.00|

BOE Technology Group Co., Ltd. Interim Report 2019
||||||||
|-|-|-|-|-|-|-|
|Hefei BOE Zhuoyin Technology Co., Ltd.|600,000,000.00|0.00|0.00|600,000,000.00|0.00|0.00|
|Beijing BOE Technology Development Co., Ltd.|1,000,000.00|0.00|0.00|1,000,000.00|0.00|0.00|
|Kunming BOE Display Technology Co., Ltd.|202,800,000.00|467,200,000.00|0.00|670,000,000.00|0.00|0.00|
|Beijing BOE Sensor Technology Co., Ltd.|50,000,000.00|0.00|0.00|50,000,000.00|0.00|0.00|
|Mianyang BOE Optoelectronics Technology Co., Ltd.|13,936,980,083.00|150,000,000.00|0.00|14,086,980,083.00|0.00|0.00|
|Wuhan BOE Optoelectronics Technology Co., Ltd.|1,230,860,516.00|1,920,000,000.00|0.00|3,150,860,516.00|0.00|0.00|
|Beijing BOE Yiyun Technology Co., Ltd.|90,000,000.00|0.00|0.00|90,000,000.00|0.00|0.00|
|Chongqing BOE Display Technology Co., Ltd.|193,557,370.00|0.00|0.00|193,557,370.00|0.00|0.00|
|Fuzhou BOE Display Technology Co., Ltd.|0.00|21,730,000.00|0.00|21,730,000.00|0.00|0.00|
|Total|141,823,775,023.00|3,843,930,000.00|0.00|145,667,705,023.00|0.00|60,000,000.00|

 (2) Investment to Joint Ventures and Associated Enterprises
Unit: RMB
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
|||Increase/decrease||||||||Ending balance||
|||||Profit and loss|||Cash,|Impairmentprovisions|||Ending|
||||||Adjustment ofothercomprehensiveincome|||||||
|||||on investments||Changes|dividends and||||balance for|
|The investor|Beginning balance|Additional|Reduced|||||||||
|||||confirmed||in other|profits||Other||impairment|
|||investments|investments|||||||||
|||||according to||equity|declared to||||provisions|
|||||equity law|||issue|||||
|I. Joint ventures||||||||||||
|Subtotal|0.00|0.00|0.00|0.00|0.00|0.00|0.0|0 0.00|0.0|0 0.00|0.00|
|II. Associated enterprises||||||||||||
|Beijing Nissin||||||||||||
||538,489.00|0.00|0.00|-534,864.00|0.00|0.00|0.0|0 0.00|0.0|0 3,625.00|0.00|
|Electronics||||||||||||
|Precision||||||||||||

BOE Technology Group Co., Ltd. Interim Report 2019
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
|Component Co.,||||||||||||
|Ltd. (Nissin||||||||||||
|Electronics )||||||||||||
|Beijing Nittan||||||||||||
|Electronic Co., Ltd.|61,733,085.00|0.00|0.00|2,152,314.00|0.00|0.00|-3,000,000.00|0.00|0.00|60,885,399.00|0.00|
|(Nittan Electronics)||||||||||||
|Beijing Yingfei||||||||||||
|Hailin Venture||||||||||||
|Capital|435,828.00|0.00|0.00|-435,828.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|
|Management Co.,||||||||||||
|Ltd.(Yingfei Hailin)||||||||||||
|Ordos BOE Energy||||||||||||
|Investment Co.,||||||||||||
||9,458,312.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|9,458,312.00|0.00|
|Ltd. (BOE Energy||||||||||||
|Investment)||||||||||||
|Beijing Fly Hailin||||||||||||
||82,336,933.00|0.00|0.00|-332,938.00|0.00|0.00|0.00|0.00|0.00|82,003,995.00|0.00|
|Investment Center||||||||||||
|TPV Display||||||||||||
|Technology (China)|23,001,359.00|0.00|0.00|-2,258,314.00|0.00|0.00|0.00|0.00|0.00|20,743,045.00|0.00|
|Limited||||||||||||
|Beijing Xindong||||||||||||
|Neng Investment|1,455,174,877.00|0.00|37,081,499.00|-7,203,989.00|175,359,777.00|0.00|0.00|0.00|0.00|1,586,249,166.00|0.00|
|Fund (LLP)||||||||||||
|Beijing Xindong||||||||||||
|Neng Investment||||||||||||
||5,188,862.00|0.00|0.00|987,022.00|0.00|0.00|0.00|0.00|0.00|6,175,884.00|0.00|
|Management Co.,||||||||||||
|Ltd.||||||||||||
|Shenzhen|15,481,506.00|0.00|0.00|-8,660,243.00|0.00|0.00|0.00|0.00|0.00|6,821,263.00|0.00|

BOE Technology Group Co., Ltd. Interim Report 2019
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
|Yunyinggu||||||||||||
|Technology Co.,||||||||||||
|Ltd.||||||||||||
|Beijing XLOONG||||||||||||
|Technology Co.,|22,609,211.00|0.00|0.00|-232,848.00|0.00|0.00|0.00|0.00|0.00|22,376,363.00|0.00|
|Ltd.||||||||||||
|Beijing Innovation||||||||||||
|Industry Investment|0.00|100,000,000.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|100,000,000.00|0.00|
|Co., Ltd.||||||||||||
|Beijing Electronic||||||||||||
|Control Industry||||||||||||
||0.00|17,000,000.00|0.00|0.00|0.00|0.00|0.00|0.00|0.00|17,000,000.00|0.00|
|Investment Co.,||||||||||||
|Ltd.||||||||||||
|Subtotal|1,675,958,462.00|117,000,000.00|37,081,499.00|-16,519,688.00|175,359,777.00|0.00|-3,000,000.00|0.00|0.00|1,911,717,052.00|0.00|
|Total|1,675,958,462.00|117,000,000.00|37,081,499.00|-16,519,688.00|175,359,777.00|0.00|-3,000,000.00|0.00|0.00|1,911,717,052.00|0.00|

 (3) Other Notes
None
BOE Technology Group Co., Ltd. Interim Report 2019 4. Operating Revenue and Cost of Sales
Unit: RMB
||||||
|-|-|-|-|-|
||Reporting Period||Same period of last year||
|Item|||||
||Operating revenue|Cost of sales|Operating revenue|Cost of sales|
|Main operations|2,864,081,627.00|3,942,511.00|0.00|0.00|
|Other operations|25,614,205.00|5,284,077.00|2,146,860,956.00|12,786,733.00|
|Total|2,889,695,832.00|9,226,588.00|2,146,860,956.00|12,786,733.00|

 Whether the Company has executed the new income standards
□ Yes√ No
Other notes:
None
5. Investment Income
Unit: RMB
||||
|-|-|-|
|Item|Reporting Period|Same period of last year|
|Long-term equity investment income accounted by cost|||
||806,360,000.00|900,000,000.00|
|method|||
|Long-term equity investment income accounted by equity|||
||-16,519,688.00|-17,602,562.00|
|method|||
|Investment income arising from disposal of long-term|||
||0.00|0.00|
|equity investments|||
|Investment income arising from disposal of trading|||
||0.00|0.00|
|financial assets|||
|Investment income received from holding of other equity|||
||2,353,967.00|2,071,592.00|
|instrument investment|||
|Investment income of held-to-maturity investment during|||
||0.00|0.00|
|holding period|||
|Investment income received from holding of|||
||0.00|0.00|
|available-for-sale financial assets|||
|Investment income received from disposal of|||
||0.00|0.00|
|available-for-sale financial assets|||
|Investment income from disposal of held-to-maturity|||
||0.00|0.00|
|investment|||
|After losing control, gains from re-measurement of residual|||
||0.00|0.00|
|shares at fair value|||
|Interest income of creditors’ investment during holding|0.00|0.00|

BOE Technology Group Co., Ltd. Interim Report 2019
||||
|-|-|-|
|period|||
|Interest income of other creditors’ investment during|||
||0.00|0.00|
|holding period|||
|Investment income from disposal of other creditors’|||
||0.00|0.00|
|investment|||
|Total|792,194,279.00|884,469,030.00|

 6. Other
None
XVI. Supplementary Materials
1. Items and Amounts of Non-recurring Profit or Loss
√ Applicable□ Not applicable
Unit: RMB
||||
|-|-|-|
|Item|Amount|Explanation|
|Gains/losses on the disposal of non-current assets|-672,378.00|Naught|
|Tax rebates, reductions or exemptions due to approval beyond authority or the lack of|||
||0.00|Naught|
|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|1,152,320,986.00|Naught|
|government’s unified standards|||
|Capital occupation charges on non-financial enterprises that are recorded into current|||
||0.00|Naught|
|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|0.00|Naught|
|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|
|Gains and losses from debt restructuring|0.00|Naught|
|Expenses on business reorganization, such as expenses on staff arrangements,|||
||0.00|Naught|
|integration, etc.|||
|Gain/loss on the part over the fair value due to transactions with distinctly unfair prices|0.00|Naught|
|Current net gains and losses of subsidiaries acquired in business combination under the|||
||0.00|Naught|
|same control from period-begin to combination date|||
|Profit and loss from contingencies irrelative to the normal business operations of|0.00|Naught|

BOE Technology Group Co., Ltd. Interim Report 2019
||||
|-|-|-|
|company|||
|Gain/loss from change of fair value of trading assets and liabilities, and derivative|||
|financial assets and liabilities, and investment gains from disposal of trading financial|||
||79,628,679.00|Naught|
|assets and liabilities and derivative financial assets and liabilities, and other creditors’|||
|investment, other than valid hedging related to the Company’s common businesses|||
|Depreciation reserves returns of receivables with separate depreciation test|701,302.00|Naught|
|Gain/loss on entrustment loans|0.00|Naught|
|Gain/loss on change of the fair value of investing real estate of which the subsequent|||
||0.00|Naught|
|measurement is carried out adopting the fair value method|||
|Effect on current gains/losses when a one-off adjustment is made to current|||
|gains/losses according to requirements of taxation, accounting and other relevant laws|0.00|Naught|
|and regulations|||
|Custody fee income when entrusted with operation|0.00|Naught|
|Other non-operating income and expense other than the above|51,173,190.00|Naught|
|Project confirmed with the definition of non-recurring gains and losses and losses|0.00|Naught|
|Less: Income tax effects|70,992,401.00|Naught|
|Non-controlling interests effects|195,201,363.00|Naught|
|Total|1,016,958,015.00|--|

 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—Non-recurring Profit or Loss, or classifies any extraordinary gain/loss item mentioned in the said explanatory announcement as a recurrent gain/loss item.□ Applicable√ Not applicable
2. Return on Equity and Earnings Per Share
|||||
|-|-|-|-|
|||EPS (Yuan/share)||
|Profit as of Reporting Period|Weighted average ROE (%)|||
|||EPS-basic|EPS-diluted|
|Net profit attributable to ordinary shareholders||0.048|0.048|
||1.92%|||
|of the Company||||
|Net profit attributable to ordinary shareholders||||
|of the Company after deduction of|0.75%|0.019|0.019|
|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√ Not applicable
BOE Technology Group Co., Ltd. Interim Report 2019 (2) Differences of Net profit and Net assets Disclosed in Financial Reports Prepared under Overseas and Chinese Accounting Standards
□ Applicable√ Not applicable
(3) Explain Reasons for the Differences between Accounting Data under Domestic and Overseas Accounting Standards; for any Adjustment Made to the Difference Existing in the Data Audited by the Foreign Auditing Agent, Such Foreign AuditingAgent’s Name Shall Be Clearly Stated
None
4. Other
None
BOE Technology Group Co., Ltd. Interim Report 2019 Part XI Documents Available for Reference
(I) The financial statements signed and sealed by theCompany’s legal representative, President, Chief Financial Officer and head of the financial department (equivalent to financial manager); and
(II) The originals of all the documents and announcements that the Company disclosed on www.cninfo.com.cn during the Reporting Period.
All the above mentioned documents are available at the BoardSecretary’s Office of the Company.
Chairman of the Board (signature): Mr. Chen Yanshun Date of theBoard’s approval of this Report:
23rd
August 2019