Abstract of the Report for the First Quarter of 2014 of BOE TECHNOLOGY GROUP CO., LTD. Stock code: 200725 Stock abbreviation: BOE B Announcement No.: 2014-020 BOE TECHNOLOGY GROUP CO., LTD.
Abstract of the Report for the First Quarter of 2014
Section I. Important Reminders
The Board of Directors, the Supervisory Committee, directors, supervisors and senior management staff of BOE TECHNOLOGY GROUP CO., LTD. (hereinafter referred to as “the Company”) warrant that this report does not contain any false record or misleading statement or omit any material fact and shall hereby accept, individually and collectively, responsibility for the factuality, accuracy and completeness of the contents carried in this report. Mr. Wang Dongsheng, Chairman of the Board, Mr. Chen Yanshun, President of the Company, Ms. Sun Yun, chief of the accounting work, and Ms. Yang Xiaoping, chief of the accounting organ (chief of accounting), hereby confirm that the Financial Report enclosed in this report is factual, accurate and complete.
All directors have attended the board session for reviewing this report.
This report is prepared in both Chinese and English. Should there be any understanding discrepancy between the two versions, the Chinese version shall prevail.
Abstract of the Report for the First Quarter of 2014 of BOE TECHNOLOGY GROUP CO., LTD. Section II. Financial Highlights& Change of Shareholders I. Major accounting data and financial indexes
Does the Company adjust retrospectively or restate accounting data of previous years due to change of the accounting policy or correction of any accounting error?
□ Yes√ No
|||||
|-|-|-|-|
|Item|Jan.- Mar. 2014|Jan.- Mar. 2013|+/- (%)|
|Operating revenues (RMB Yuan)|8,091,679,315.00|8,058,663,697.00|0.41%|
|Net profit attributable to shareholders of|587,651,989.00|286,903,021.00||
||||104.83%|
|the Company (RMB Yuan)||||
|Net profit attributable to shareholders of||||
||242,830,402.00|226,213,962.00|7.35%|
|the Company after extraordinary gains and||||
|losses (RMB Yuan)||||
|Net cash flows from operating activities|1,680,084,933.00|1,460,591,533.00||
||||15.03%|
|(RMB Yuan)||||
|Basic EPS (RMB Yuan/share)|0.043|0.021|104.76%|
|Diluted EPS (RMB Yuan/share)|0.043|0.021|104.76%|
|Weighted average ROE (%)|1.15%|1.1%|0.05%|
|Item|31 Mar. 2014|31 Mar. 2013|+/- (%)|
|Total assets (RMB Yuan)|126,419,929,502|92,538,451,492.00|36.61%|
|Net assets attributable to shareholders of|73,853,872,881|28,251,815,361.00||
||||161.41%|
|the Company (RMB Yuan)||||

Items and amounts of extraordinary gains and losses
√ Applicable□ Inapplicable
Unit: RMB Yuan
||||
|-|-|-|
||Amount as of Jan.-Mar.||
|Item||Note|
||2014||
|Gains/losses on the disposal of non-current assets (including the offset part of asset|||
||-1,287,435.00|N/A|
|impairment provisions)|||
|Tax rebates, reductions or exemptions due to approval beyond authority or the lack|||
||0.00|N/A|
|of 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|406,694,091.00|N/A|
|the country’s unified standards|||
|Capital occupation charges on non-financial enterprises that recorded into current|||
||0.00|N/A|
|gains and losses|||

Abstract of the Report for the First Quarter of 2014 of BOE TECHNOLOGY GROUP CO., LTD.
||||
|-|-|-|
|Gains due to that the investment costs for the Company to obtain subsidiaries,|||
|associates and joint ventures are lower than the enjoyable fair value of the|0.00|N/A|
|identifiable net assets of the investees when making the investments|||
|Gain/loss on non-monetary asset swap|0.00|N/A|
|Gain/loss on entrusting others with investments or asset management|0.00|N/A|
|Asset impairment provisions due to acts of God such as natural disasters|0.00|N/A|
|Gain/loss on debt restructuring|0.00|N/A|
|Expenses for business reorganization, such as expenses for staffing, reorganization|||
||0.00|N/A|
|etc.|||
|Gain/loss on the part over the fair value due to transactions with distinctly unfair|||
||0.00|N/A|
|prices|||
|Current gains and losses of subsidies acquired from business combination under the|||
||0.00|N/A|
|same control as from period-begin to combination date|||
|Gain/loss on contingent events irrelevant to the Company’s normal business|0.00|N/A|
|Gains and losses on change in fair value from tradable financial assets and tradable|||
|financial liabilities, as well as investment income from disposal of tradable|||
||0.00|N/A|
|financial assets and tradable financial liabilities and financial assets available for|||
|sales except for effective hedging related with normal businesses of the Company|||
|Reversal of provision for impairment that made impairment test independently|0.00|N/A|
|Gain/loss on loans obtained by entrusting others|0.00|N/A|
|Gain/loss on change of the fair value of investing real estate of which the|||
||0.00|N/A|
|subsequent 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|0.00|N/A|
|laws and regulations|||
|Custody fee income when entrusted with operation|0.00|N/A|
|Other non-operation income and expenses other than the above|0.00|N/A|
|Other gain/loss items that meet the definition of an extraordinary gain/loss|18,802,234.00|N/A|
|Less: Income tax effects|59,235,746.00|N/A|
|Minority interests effects (after tax)|20,151,557.00|N/A|
|Total|344,821,587.00|--|

 Explain the reasons if the Company classifies an item as an extraordinary gain/loss according to the definition in the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to thePublic—Extraordinary Gains and Losses, or classifies any extraordinary gain/loss item mentioned in the said explanatory announcement as a recurrent gain/loss item□ Applicable√ Inapplicable
Abstract of the Report for the First Quarter of 2014 of BOE TECHNOLOGY GROUP CO., LTD. II. Total number of shareholders at the period-end and shares held by the top ten shareholders
Unit: Share
||||||||||
|-|-|-|-|-|-|-|-|-|
|Total number of shareholders at theperiod-end|||||||||
||394,288 shareholders, including 357,708 A-share holders and B-share holders||||||||
|Shares held by the top ten shareholders|||||||||
|||Shareholdi||||Pledged or frozen shares|||
|||||Number of the|||||
||Nature of|ng|Number of the||||||
|Name of shareholder||||restricted shares||Status of||Number of|
||shareholder|percentage|shares held||||||
|||||held||shares||shares|
|||(%)|||||||
|Being E-TOWN InternationalInvestment & Development Co., Ltd.|State-ownedCorporation|10.98%|1,484,159,406|0|||||
|||||||Pledged||635,000,000|
|Beijing BOE Investment &Development Co., Ltd.|State-ownedCorporation|6.37%|860,981,080|0|||||
|Beijing Economic-TechnologicalInvestment & Development Corp.|State-ownedCorporation|6.27%|847,650,000|0|||||
|||||||Pledged||423,825,000|
|Hefei Rongke Project Investment Co.,Ltd.|State-ownedCorporation|4.99%|675,026,803|675,026,803|||||
|Beijing BDA Technological InvestmentDevelopment Co., Ltd.|Other|4.44%|600,000,000|0|||||
|||||||Pledged||300,000,000|
|Beijing Electronics Holdings Co., Ltd.|On behalf ofthe country|2.04%|275,303,883|0|||||
|||||||Frozen||2,000,000|
|Hefei Xincheng State-Owned AssetsManagement Co., Ltd.|State-ownedCorporation|2.03%|274,848,276|0|||||
|Hefei Lan Ke Investment Co., Ltd.|State-ownedCorporation|0.9%|122,369,283|0|||||
|Sinotrans Air TransportationDevelopment Co., Ltd.|Other|0.83%|111,600,000|0|||||
|CMBC—Yinhua Shenzheng 100 IndexSecurities Investment Fund|Other|0.65%|88,114,061|0|||||
|Shares held by the top ten non-restricted share holders|||||||||
||||||Type of shares||||
|Name of shareholder|Number of non-restricted shares held||||||||
||||||Type||Number||
|Being E-TOWN InternationalInvestment & Development Co., Ltd.|1,484,159,406||||RMB ordinary||||
||||||||1,484,159,406||
||||||shares||||
|Beijing BOE Investment &Development Co., Ltd.|860,981,080||||RMB ordinary||||
||||||||860,981,080||
||||||shares||||

Abstract of the Report for the First Quarter of 2014 of BOE TECHNOLOGY GROUP CO., LTD.
|||||
|-|-|-|-|
|Beijing Economic-TechnologicalInvestment & Development Corp.|847,650,000|RMB ordinary||
||||847,650,000|
|||shares||
|Beijing BDA Technological InvestmentDevelopment Co., Ltd.|600,000,000|RMB ordinary||
||||600,000,000|
|||shares||
|Beijing Electronics Holdings Co., Ltd.|275,303,883|RMB ordinary||
||||275,303,883|
|||shares||
|Hefei Xincheng State-Owned AssetsManagement Co., Ltd.|274,848,276|RMB ordinary||
||||274,848,276|
|||shares||
|Hefei Lan Ke Investment Co., Ltd.|122,369,283|RMB ordinary||
||||122,369,283|
|||shares||
|Sinotrans Air TransportationDevelopment Co., Ltd.|111,600,000|RMB ordinary||
||||111,600,000|
|||shares||
|CMBC—Yinhua Shenzheng 100 IndexSecurities Investment Fund|88,114,061|RMB ordinary||
||||88,114,061|
|||shares||
|ICBC—Rongtong Shenzheng 100 IndexSecurities Investment Fund|67,034,651|RMB ordinary||
||||67,034,651|
|||shares||
||1. Beijing Electronics Holdings Co., Ltd. holds 66.25% shares of Beijing BOE Investment|||
||& Development Co., Ltd. and is its controlling shareholder.|||
||2. When the Company completed private offering of shares in 2010, Beijing E-TOWN|||
||International Investment & Development Co., Ltd. transferred all shares directly held to|||
||Beijing BOE Investment & Development Co., Ltd. for management, then BOE Investment|||
||acquired the attached rights of the shares attributable to other shareholders in accordance|||
||with current effective laws and rules of the Company excluding right of disposition such|||
|Explanation on associated relationship||||
||as transfer, donation, mortgage etc. and usufruct (including claim for profit distribution|||
|or persons acting in concert among the||||
||and claim for retained assets distribution).|||
|above-mentioned shareholders||||
||3. BEIJING ECONOMIC-TECHNOLOGICAL INVESTMENT & DEVELOPMENT|||
||CORP. holds 49% shares of BEIJING BDA TECHNOLOGICAL INVESTMENT|||
||DEVELOPMENT CO., LTD. Both of them are under the control of the Administration|||
||Committee of Beijing Economic and Technological Development Zone, which makes|||
||them parties acting in concert.|||
||4. Except for the relationship above, it is unknown whether the other top ten shareholders|||
||are related parties or not, or they are persons acting in concert or not.|||
|Top 10 shareholders taking part in||||
|margin financing and securities lending|Naught|||
|(if any)||||

Did any shareholder of the Company carry out an agreed buy-back in the reporting period?
□ Yes√ No
Abstract of the Report for the First Quarter of 2014 of BOE TECHNOLOGY GROUP CO., LTD. Section III. Significant Events
I. Significant changes of the major accounting statement items and financial indicators for the reporting period, as well as the reasons for these changes
1. Monetary funds increased147% from the opening amount mainly because of the private stock placement in the reporting period. 2. Other non-current assets decreased45% from the opening amount mainly because the prepayments for engineering equipment decreased.
3. Short-term borrowings decreased86% from the opening amount mainly because some borrowings were repaid.
4. Non-current liabilities due within 1 year increased47% from the opening amount mainly because of the transfer from long-term borrowings.
5. Capital reserve increased292% from the opening amount mainly because of the private stock placement in the reporting period. 6. Minority interests decreased87% from the opening amount mainly because minority shareholders' equity subscribed shares of listed company in the reporting period.
7. Financial expenses increased33% from the same period of last year mainly because the net exchange gain and the interest expenses decreased.
8. Asset impairment loss decreased72% from the same period of last year mainly because the inventory falling-price provisions were offset at the principle of the lower between the cost and the net realizable value in the display device business segment.
9. Investment gain increased143% from the same period of last year mainly because the operating performances of associates improved.
10. Non-operating income increased412% from the same period of last year mainly because the governmental subsidies increased. 11. Income tax expenses increased1314% from the same period of last year mainly because the main business profit increased. 12. Net cash outflows from investing activities increased193% from the same period of last year mainly because the construction of new projects caused more spending on engineering and equipment procurement.
13. Net cash inflows from financing activities increased3317% from the same period of last year mainly because of the additional issue in the reporting period.
II. Progress of significant events and analysis& explanations on their influence and solutions Upon approval by the Document ZJXK[2013] No. 1615 issued by China Securities Regulatory Commission, the Company carried out a private placement of 21,768,095,233 Renminbi ordinary shares to certain investors at the par value of RMB 1/share. This private placement raised RMB 45,712,999,989, with RMB 8,532,999,999 acquired by tangible assets as consideration, and the remaining RMB 37,179,999,990 (including RMB 6,000,000,000 of debt held by Hefei Jianxiang investment Co., Ltd. regarding this private placement as consideration) by cash. Deducting issuing charges RMB 828,294,936, the net capital raised amounted to RMB 44,884,705,053. This sum of capital was acquired by the Company on 25 March 2014. KPMG Huazhen (Special General Partnership) thereby verified this private placement on 26 March 2014, and issued capital verification report (KPMG Huazhen yanzi NO.1400530). This private placement was finalized on 4 April 2014. The Company issued “Report on Private Offering of A Shares and Announcement of Listing” on 4 April 2014, and the new issues of shares went public on 8 April 2014.Upon approval by the Document ZJXK[2013] No. 1615 issued by China Securities Regulatory Commission, the Company carried out a private placement of 21,768,095,233 Renminbi ordinary shares to certain investors at the par value of RMB 1/share.
Abstract of the Report for the First Quarter of 2014 of BOE TECHNOLOGY GROUP CO., LTD. For details, see the “Report on the Results of the Private Placement& Announcement on Listing”.
||||
|-|-|-|
|||Website index to the disclosed|
|Overview of the significant event|Date of disclosure||
|||relevant interim report|
|Transfer of the assets of Beijing BOE Display Technology Co., Ltd. inthe private placement of BOE Technology Group Co., Ltd. (seeAnnouncement No. 2014-008)|||
||21 Mar. 2014|http://www.cninfo.com.cn|
|Government subsidies received by the controlled subsidiaries of BOETechnology Group Co., Ltd. (see Announcement No. 2014-007|||
||19 Mar. 2014|http://www.cninfo.com.cn|
|The relevant progress of government subsidies received by the controlledsubsidiaries of BOE Technology Group Co., Ltd. and (see AnnouncementNo. 2014-009)|||
||21 Mar. 2014|http://www.cninfo.com.cn|

III. Predict the operating results of Jan.-Jun. 2014
Warning of possible loss or considerable YoY change of the accumulated net profit made during the period-begin to the end of the next reporting period according to prediction, as well as explanations on the reasons:
□ Applicable√ Inapplicable
Abstract of the Report for the First Quarter of 2014 of BOE TECHNOLOGY GROUP CO., LTD. IV. Securities investment
Shareholdings in other listed companies
√Applicable□Inapplicable
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
||||||||||Changes in the|||
||||Percentage of the||Closing book||Gain/loss for||equity of the|||
|Code of|Name of|Initial investment||||||||||
||||Company’s||value (RMB||report period||owners in the|Accounting title|Source of stock|
|securities|securities|cost (RMB Yuan)||||||||||
||||equity (%)||Yuan)||(RMB Yuan)||reporting period|||
||||||||||(RMB Yuan)|||
||TPV Technology|||24,729,686||0||-5,913,486||Financial assets||
|HK00903||134,658,158|1.04%||||||||Subscribe|
|||||||||||available-for-sale||
||Electronic City|||101,042,583||0||-14,238,264||Financial assets||
|SH600658||90,160,428|1.69%||||||||Stock-for-stock|
|||||||||||available-for-sale||
||Bank of|||97,572,806||0||-11,009,744||Financial assets||
|HK01963||120,084,375|0.93%||||||||Subscribe|
||Chongqing|||||||||available-for-sale||
|Total||344,902,961|--|223,345,075||0||-31,161,493||--|--|

Abstract of the Report for the First Quarter of 2014 of BOE TECHNOLOGY GROUP CO., LTD. V. Researches, visits and interviews received in the reporting period
|||||||
|-|-|-|-|-|-|
||Place of|Way of|Visitor||Main discussion and materials provided|
|Time of reception||||Visitor||
||reception|reception|type||by the Company|
||The|||||
|4 Jan. 2014|Company’s|Field research|Institution|New China Fund Management Co., Ltd.||
||meeting room|||||
|||Telephone||||
|6 Jan. 2014|Teleconference||Institution|Allianz GL||
|||communication||||
||The|||||
||||||Main content discussed:|
|9 Jan. 2014|Company’s|Field research|Individual|Individual investor||
||meeting room||||1. The operating situation, the future|
||||||development strategy of the Company;|
||The|||Sinvo Capital Shareholding Co., Ltd., Anbang Asset Management Co., Ltd., Zhongfu||
||||||2. Industry conditions and development|
|22 Jan. 2014|Company’s|Field research|Institution|Investment Group, Everbright Securities Co., Ltd., China Life Asset Management Co.,||
||||||trend;|
||meeting room|||Ltd., Bohai Securities Co., Ltd., Sinom Shareholding Co., Ltd.||
||||||3. Situation of the several production|
||The|||||
||||||lines of the Company;|
|11 Feb. 2014|Company’s|Field research|Institution|CITIC-Prudential Life Insurance Co., Ltd., Bohai Securities Co., Ltd.||
||||||Materials provided:|
||meeting room|||||
||||||Annual report of the Company of 2012,|
||The|||||
||||||brochure and other public information.|
|14 Feb. 2014|Company’s|Field research|Individual|Individual investor||
||meeting room|||||
|||Telephone||||
|26 Feb. 2014|Teleconference||Institution|Orient Asset Management Corporation||
|||communication||||
||The|||TF Securities Co., Ltd., Shanghai Luan Investment Co., Ltd., Zhonghai City||
|4 Mar. 2014||Field research|Institution|||
||Company’s|||Shareholding (Beijing) Co., Ltd.||

Abstract of the Report for the First Quarter of 2014 of BOE TECHNOLOGY GROUP CO., LTD.
||||||
|-|-|-|-|-|
||meeting room||||
||The||||
|10 Mar. 2014|Company’s|Field research|Institution|Owl Creek|
||meeting room||||
||The||||
|11 Mar. 2014|Company’s|Field research|Individual|Individual investor|
||meeting room||||
||The||||
|13 Mar. 2014|Company’s|Field research|Institution|Huatai Securities Co., Ltd.|
||meeting room||||
||The||||
|17 Mar. 2014|Company’s|Field research|Institution|Alkeon Capital Management|
||meeting room||||
||The||||
|18 Mar. 2014|Company’s|Field research|Individual|Individual investor|
||meeting room||||
||The||||
|||||China International Fund Management Co., Ltd., New China Fund Management Co.,|
|31 Mar. 2014|Company’s|Field research|Institution||
|||||Ltd., Industrial Securities Co., Ltd.|
||meeting room||||

Abstract of the Report for the First Quarter of 2014 of BOE TECHNOLOGY GROUP CO., LTD. Chairman of the Board (signature): Mr. Wang Dongsheng
Date of the Board of Directors approving submission of this report: