TigerResearch/tigerbot-earning-plugin huggingface dataset:
For information about the subsidiaries of the Group, refer to Note VII.1.
3 Information about joint ventures and associates of the Company
Associates and joint ventures that have related party transactions with the Group during this year or the previous year are as follows:
Name of entity Relationship with the Company
Beijing Nittan Electronic Co., Ltd.
Associate of the Group and the
Beijing BOE Art Cloud Technology Co., Ltd.
Beijing Xindongneng Investment Management Co., Ltd.
TPV Display Technology (China) Limited
BOE Digital Technology Co., Ltd.
Beijing BOE Art Cloud (Suzhou)Technology Co., Ltd.
Beijing BOE Art Cloud (Hangzhou)Technology Co., Ltd.
Hefei Xin Jing Yuan Electronic Materials Co., Ltd. Associate of the Group Beijing BOE Microbial Technology Co., Ltd. Associate of the Group Biochain (Beijing) Science-Technology.Inc. Associate of the Group BOE Houji Technology (Beijing) Co., Ltd. Associate of the Group SES Imagotag SA  Co., Ltd. Associate of the Group
SES-Imagotag GmbH Co., Ltd.
Subsidiary of associate of the
Pervasive Displays Inc
Beijing Borcheng Medical Laboratory Co. Ltd.
4 Information on other related parties
Name of other related parties Related-party relationship Beijing BOE Investment Development Co., Ltd.
Under the same control of the ultimate
holding company
NAURA Technology Group Co., Ltd.
Beijing Zhengdong Electronic Power Group Co., Ltd.
Beijing Dongdian Industrial Development Co., Ltd.
Beijing Naura Microelectronics Equipment Co., Ltd.
Sevenstar Semiconductor Technologies Co., Ltd.
Beijing Zhaowei Technology Development Co., Ltd.
Beijing C&W Intelligent Equipment Co., Ltd.
Beijing Ether Electronics Group Co., Ltd.
Beijing Yansong Economic and Trade Co., Ltd.
Beijing Ripeness Sanyuan Instrumentation Co., Ltd.
Beijing Electronics Holding & SK Technology Co., Ltd.
Beijing Electrical Control Jiuyi Industrial Development Company
761 Workshop (Beijing) Technology Development Co., Ltd.
Beijing Smart-Aero Display Technology Co., Ltd.
Beijing Electrical Energy Technology (Jiangsu) Co., Ltd.
Beijing Peony Electronic Group Co., Ltd.
Beijing Electric Control Industry Investment Co., Ltd.
Baic Electronics Holding SK (Jiangsu) Technology Co., Ltd.
Beijing 797 Audio Co., Ltd.
Bei Jing Yan Dong Microelectronic Technology Co., Ltd.
New Vision Microelectronics (Hong Kong) Limited
Associate of enterprise that is under the same control of the ultimate holding
Beijing Senju Electronic Materials Co., Ltd.
Beijing Yizhuang Environmental Technology
Group Co., Ltd. Other related parties China Minsheng Banking Corp., Ltd. Other related parties Hefei Construction Investment and Holding Co.,
Ltd. Other related parties Beijing Jingcheng Machinery Electric Holding
Co., Ltd. Other related parties Nexchip Semiconductor Corporation Other related parties Hefei Visionox Technology Co., Ltd. Other related parties
5 Transactions with related parties
The transactions below with related parties were conducted under normal commercial terms or agreements.
(1)  Purchase of goods and equipment, and receiving of services (excluding remuneration of key
management personnel). The Group
Nature of transaction 2022 2021 Purchase of goods 658,905,000 965,818,931 Procurement of equipment 155,286,378 255,199,826 Receiving services 12,843,982 24,377,762 Payment of interest expenses 43,423,377 20,715,586
Total 870,458,737 1,266,112,105 The Company
Nature of transaction 2022 2021 Purchase of goods 32,203,231 9,164,606 Receiving services 63,840,655 249,160,057 Payment of interest expenses 42,314,510 19,860,031 Total 138,358,396 278,184,694
(2) Sale of goods/rendering of services
Nature of transaction 2022 2021 Sale of goods 1,168,302,006 416,546,796 Rendering of services 12,004,788 10,267,108 Income from interest received 23,183,395 21,292,904 Total 1,203,490,189 448,106,808
Nature of transaction 2022 2021 Sale of goods 101,930 23,488,144 Rendering of services 4,742,920,134 5,561,607,938 Income from interest received 15,398,605 17,015,526 Total 4,758,420,669 5,602,111,608
(a) As the lessor The Group
Type of assets leased
Lease income recognised in
Investment properties 7,925,143 5,114,048 The Company
Investment properties 65,287,838 70,534,069(b) As the lessee
Lease expense recognised in
Fixed assets 2,886,041 2,804,351 The Company
Fixed assets 48,562,349 -
(4) Funding from related parties
Name of related party Amount of funding Inception date Maturity date Funds received
Subsidiary of the parent company 2,000,000,000 09/06/2017 Long-term Subsidiary of the parent company 4,000,000,000 09/06/2017 Long-term Subsidiary of the parent company 1,000,000,000 23/12/2016 Long-term Subsidiary of the parent company 200,000,000 28/07/2017 Long-term Subsidiary of the parent company 1,600,000,000 04/12/2017 Long-term Subsidiary of the parent company 700,000,000 13/04/2018 Long-term Subsidiary of the parent company 650,000,000 25/04/2018 Long-term Subsidiary of the parent company 3,000,000,000 27/04/2018 Long-term Subsidiary of the parent company 3,000,000,000 28/05/2018 Long-term Subsidiary of the parent company 2,500,000,000 31/08/2018 Long-term Subsidiary of the parent company 3,800,000,000 19/07/2018 Long-term Subsidiary of the parent company 3,500,000,000 01/08/2018 Long-term Subsidiary of the parent company 1,500,000,000 24/05/2019 Long-term Subsidiary of the parent company 2,000,000,000 27/05/2019 Long-term Subsidiary of the parent company 360,000,000 24/04/2020 Long-term Subsidiary of the parent company 1,300,000,000 21/05/2019 Long-term Subsidiary of the parent company 500,000,000 28/05/2019 Long-term Subsidiary of the parent company 500,000,000 21/05/2019 Long-term Subsidiary of the parent company 1,000,000,000 26/07/2019 Long-term Subsidiary of the parent company 300,000,000 08/07/2020 Long-term Subsidiary of the parent company 2,500,000,000 06/07/2020 Long-term Subsidiary of the parent company 2,000,000,000 03/07/2020 Long-term Subsidiary of the parent company 1,200,000,000 06/07/2020 Long-term Subsidiary of the parent company 1,000,000,000 20/08/2020 Long-term Subsidiary of the parent company 1,700,000,000 12/10/2020 Long-term Subsidiary of the parent company 3,000,000,000 05/11/2020 Long-term Subsidiary of the parent company 2,358,000,000 07/12/2020 Long-term Subsidiary of the parent company 900,000,000 11/12/2020 Long-term
Subsidiary of the parent company 1,700,000,000 28/12/2020 Long-term
Subsidiary of the parent company 2,300,000,000 28/12/2020 Long-term
Subsidiary of the parent company 1,200,000,000 30/09/2015 Long-term
Subsidiary of the parent company 1,000,000,000 09/03/2021 Long-term
Subsidiary of the parent company 1,000,000,000 18/03/2021 Long-term
Subsidiary of the parent company 4,000,000,000 25/03/2021 Long-term
Subsidiary of the parent company 2,500,000,000 30/03/2021 Long-term
Subsidiary of the parent company 4,500,000,000 23/06/2021 Long-term
Subsidiary of the parent company 500,000,000 30/06/2021 Long-term
Subsidiary of the parent company 1,000,000,000 30/06/2021 Long-term
Subsidiary of the parent company 1,000,000,000 06/07/2021 Long-term
Subsidiary of the parent company 2,000,000,000 29/12/2021 Long-term
Subsidiary of the parent company 2,800,000,000 30/12/2021 Long-term
Subsidiary of the parent company 6,000,000,000 30/12/2021 Long-term
Subsidiary of the parent company 1,500,000,000 31/12/2021 Long-term
Subsidiary of the parent company 1,000,000,000 27/01/2022 Long-term
Subsidiary of the parent company 200,000,000 31/12/2021 Long-term
Subsidiary of the parent company 800,000,000 15/06/2022 Long-term
Subsidiary of the parent company 400,000,000 31/12/2021 Long-term
Subsidiary of the parent company 1,000,000,000 31/12/2021 Long-term
Subsidiary of the parent company 6,500,000,000 23/08/2022 Long-term
Subsidiary of the parent company 1,100,000,000 08/10/2022 Long-term
Subsidiary of the parent company 800,000,000 20/10/2022 Long-term
Subsidiary of the parent company 1,000,000,000 25/10/2022 Long-term
Subsidiary of the parent company 200,000,000 10/11/2022 Long-term
Subsidiary of the parent company 650,000,000 16/03/2021 16/03/2026 Total 95,718,000,000
Name of related party Amount of funding  Inception date  Maturity date
Funds provided
Subsidiary of the parent company 1,100,000,000  30/09/2022  Right to request return at any time Subsidiary of the parent company 1,400,000,000  29/09/2022  Right to request return at any time Subsidiary of the parent company 1,700,000,000  29/09/2022  Right to request return at any time Subsidiary of the parent company 1,490,000,000  21/10/2020  Right to request return at any time Subsidiary of the parent company 200,000,000  29/10/2020  Right
to request return at any time Subsidiary of the parent company 300,000,000  10/05/2022  Right to request return at any time Subsidiary of the parent company 700,000,000  07/05/2022  Right to request return at any time Subsidiary of the parent company 200,000,000  27/06/2022  Right to request return at any time Subsidiary of the parent company 300,000,000  27/06/2022  Right to request return at any time Subsidiary of the parent company
700,000,000  29/10/2020  Right to request return at any time Subsidiary of the parent company 1,000,000,000  28/10/2022  Right to request return at any time Subsidiary of the parent company 285,000,000  24/11/2020  Right to request return at any time Subsidiary of the parent company 473,000,000  24/11/2020  Right to request return at any time Subsidiary of the parent company 590,000,000  19/02/2020  Right to request return at any time Subsidiary
of the parent company 460,000,000  19/02/2020  Right to request return at any time Subsidiary of the parent company 200,000,000  08/07/2021  Right to request return at any time Subsidiary of the parent company 300,000,000  08/07/2021  Right to request return at any time Subsidiary of the parent company 300,000,000  08/07/2021  Right to request return at any time Subsidiary of the parent company 50,000,000  26/01/2022  Right to request return at
any time Subsidiary of the parent company 29,000,000  26/01/2022  Right to request return at any time Subsidiary of the parent company 158,000,000  26/01/2022  Right to request return at any time Subsidiary of the parent company 123,000,000  26/01/2022  Right to request return at any time Subsidiary of the parent company 261,000,000  26/01/2022  Right to request return at any time Subsidiary of the parent company 81,000,000  26/01/2022  Right to
request return at any time Subsidiary of the parent company 90,000,000  26/01/2022  Right to request return at any time Subsidiary of the parent company 173,000,000  26/01/2022  Right to request return at any time Subsidiary of the parent company 433,000,000  26/01/2022  Right to request return at any time Subsidiary of the parent company 20,000,000  11/08/2022  Right to request return at any time Subsidiary of the parent company 32,000,000
14/04/2022  Right to request return at any time Subsidiary of the parent company 50,000,000  11/08/2022  Right to request return at any time Subsidiary of the parent company 50,000,000  15/07/2022  Right to request return at any time Subsidiary of the parent company 91,000,000  11/08/2022  Right to request return at any time Subsidiary of the parent company 60,000,000  15/07/2022  Right to request return at any time Subsidiary of the parent
company 151,000,000  14/04/2022  Right to request return at any time Subsidiary of the parent company 56,000,000  15/07/2022  Right to request return at any time Subsidiary of the parent company 46,000,000  15/07/2022  Right to request return at any time Subsidiary of the parent company 26,701,133  14/04/2022  Right to request return at any time Subsidiary of the parent company 52,000,000  14/04/2022  Right to request return at any time
Subsidiary of the parent company 65,000,000  14/04/2022  Right to request return at any time Subsidiary of the parent company 300,000,000  06/04/2022  Right to request return at any time Subsidiary of the parent company 200,000,000  22/06/2022  Right to request return at any time Subsidiary of the parent company 800,000,000  22/06/2022  Right to request return at any time Subsidiary of the parent company 300,000,000  22/06/2022  Right to request
return at any time Subsidiary of the parent company 600,000,000  22/06/2022  Right to request return at any time Subsidiary of the parent company 600,000,000  22/06/2022  Right to request return at any time Subsidiary of the parent company 400,000,000  22/06/2022  Right to request return at any time Subsidiary of the parent company 800,000,000  22/06/2022  Right to request return at any time Subsidiary of the parent company 600,000,000
22/06/2022  Right to request return at any time Subsidiary of the parent company 500,000,000  22/06/2022  Right to request return at any time Subsidiary of the parent company 200,000,000  22/06/2022  Right to request return at any time Subsidiary of the parent company 20,000,000  16/12/2022  Right to request return at any time Subsidiary of the parent company 50,000,000  27/03/2015  26/12/2024 Subsidiary of the parent company 30,000,000
21/01/2016  21/01/2025 Subsidiary of the parent company 200,000,000  12/10/2020  12/10/2030
Total 19,395,701,133
(5) Remuneration of key management personnel
The Group and the Company
Item 2022 2021 Remuneration of key management personnel RMB 86,665,000  RMB 110,629,000 The remuneration of key management personnel above does not include the one with
respect to share-based payments scheme.
6 Receivables from and payables to related parties
Receivables from related parties The Group
impairment  Book value
Provision for impairment
Cash at bank and on hand (1) 965,569,850  -  1,060,805,464  - Accounts receivable 1,070,848,317  4,986,221  88,954,909  4,883,531 Prepayments 6,615,367  -  1,118,145  - Other receivables 16,588,534  -  1,901,777  - Contract assets 2,402,974  -  122,743  -
Cash at bank and on hand (1) 8,850  -  6,830  - Accounts receivable 4,867,860,690  4,315,658  4,827,924,553  - Prepayments 146,368  -  165,134  - Other receivables 19,686,877,080  16,868,539  15,287,017,182  2,964,404 Other non-current assets 1,080,000,000  -  1,740,000,000  -
Payables to related parties The Group
Item Note 2022 2021 Accounts payable 179,047,266 142,557,107 Advance payments received 188,623 961,806 Contract liabilities 34,164,291 3,717,500 Other payables 182,554,398 178,187,139 Non-current liabilities due within one year (2) 6,000,000 - Long-term loans (2) 1,257,250,000 1,435,000,000 The Company
Item Note 2022 2021
Accounts payable 27,646,402 18,924,459 Advance payments received 169,459 3,212,352 Other payables 2,921,972,111 1,364,404,865 Long-term loans (2) 1,186,250,000 1,435,000,000 Other non-current liabilities 96,394,661,805 74,506,661,805
(1) The Group's and the Company's cash at bank and on hand were deposit in China
Minsheng Bank Co.
(2) The Group's and the Company's non-current liabilities and long-term borrowings due
within one year are borrowings from China Minsheng Bank Co.
7 Commitments of the related parties
As at balance sheet date, the commitments of the related parties, which are signed but not listed in financial statement are as following:
Procurement of equipment 69,753,978 72,274,623
XI. Share-based payments
On 17 December 2020, the Board of Directors of the Company approved the implementation of share options and restricted share incentive plans from 2020. The shares for the share options and restricted share incentive plans are from the Company’s Renminbi A-share
ordinary shares repurchased from secondary market. The plans are presented as follows:(a) Share option incentive plan
The initial grant date was 21 December 2020, and the implementation was completed on 25 December 2020. The actual number of grantees was 1,988, with a number of
grants of 596,229,700 shares. The reserved grant date was 27 August 2021, the actual number of grantees was 110, and the number of grants is 33,000,000 shares, this grant was completed on 22 October 2021.
The share options are exercised in three phases after 24 months from the grant date. The exercise ratios for each phase are 34%, 33%, and 33%, respectively. The
corresponding exercise dates are 2 years, 3 years, and 4 years from the grant date. When the Company’s performance meets the corresponding criteria, the proportion of exercisable rights of the above-mentioned share options is determined based on the business performance of the incentive object’s operation and the contribution value of the incentive object. In accordance with the plan, the Company will deregister the
current exercisable shares of the options obtained by the incentive objects if the exercise criteria stipulated in this plan are not met.
(b) Restricted share incentive plan
The grant date of restricted share incentive plan was 21 December 2020, and the
implementation was completed on 29 December 2020. The actual number of grantees was 793, with a number of grants of 321,813,800 share.
The lock-up periods of the restricted share incentive plan are the 24, 36 and 48 months from the grant date, respectively. During the lock-up period, restricted shares granted to the incentive object under this plan shall not be transferred, used for guarantee or debt repayment before the lock-up release. Lock-up restricted shares are released in three phases after 24 months from the grant date. The release ratios for each phase are 34%, 33%, and 33%, respectively. The corresponding release dates are 2 years, 3 years, and 4 years from the grant date. The actual number released shall be based on performance assessment result for the previous year.
When the Company’s performance meets the corresponding criteria, the release proportion of the above-mentioned restricted shares is determined based on the
business performance of the incentive object’s operation and the contribution value of the incentive object. The Company will repurchase the locked restricted shares at the granted price of the incentive objects if the release criteria stipulated in this plan are not met, and the incentive object shall not release the restricted shares for the current
As at 31 December 2022, the total costs recognised by the Group’s equity-settled
share-based payments in the consolidated financial statement was RMB 699,065,561, and the accumulated amount of capital reserve paid by equity-settled share-based payments amounted to RMB 1,364,808,372 (2021: 645,945,833). In the Company’s
financial statements, the Company recognised its long-term equity investment of RMB534,225,046 in its subsidiary at the fair value of the equity instruments at the grant date, and recognised expenses arising from share-based payments of RMB
164,840,515, as well as a capital reserve of RMB 699,065,561.
Based on relevant provisions of the restricted share incentive plan for the service period, if the granted object resigns before the release date, the Company will
repurchase the restricted shares that have not been released at the subscription price of the granted object. Please refer to Note V. 28 (1) for the repurchased obligation set out in other payables.
(1) Method for determining the fair value of equity instruments at the grant date is as follows:
Share options:
The fair value of equity instruments at the grant date is determined based on the
difference between the assessed fair value of the exercisable share options at each grant date and the subscription price in RMB (RMB 1.68/share, RMB 1.93/share and RMB 2.09/share, respectively); the fair value of equity instruments at the reserved
grant date is determined based on the difference between the assessed fair value of
the exercisable share options at each reserved grant date and the subscription price in RMB (RMB 1.70/share, RMB 2.02/share and RMB 2.17/share, respectively).
Restricted shares:
difference between the fair value of shares at the grant date and the subscription price at RMB 2.68/share.
(2) Basis of determining the number of equity instruments expected to vest
At each balance sheet date during the vesting period, the best estimation is made
according to the latest information, such as the number of employees who are granted options and the completion of performance indicators, and the number of equity
instruments expected to vest is revised accordingly. On the vesting date, the estimated number is equal to the number of equity instruments that are ultimately vested.
XII. Capital management
The Group’s primary objectives when managing capital are to safeguard its ability to continue as a going concern, so that it can continue to provide returns for shareholders, by pricing
products and services commensurately with the level of risk and by securing access to finance at a reasonable cost.
The Group defines “capital”as including all components of equity, less unaccrued proposed dividends. The balances of related party transactions are not regarded by the Group as
The Group’s capital structure is regularly reviewed and managed to achieve an optimal
structure and return for shareholders. Factors for the Group’s consideration include: its future funding requirements, capital efficiency, actual and expected profitability, expected cash
flows, and expected capital expenditure. Adjustments are made to the capital structure in light of changes in economic conditions affecting the Group.
The Group’s capital structure is monitored on the basis of an adjusted net debt-to-capital ratio (total liabilities divided by total assets). The capital management strategies exerted by
the Group remained unchanged from 2021. In order to maintain or adjust the ratio, the Group may adjust the amount of dividends paid to shareholders, request new loans, issue new
shares, or sell assets to reduce debt.
As at 31 December 2022 and 31 December 2021, the Group’s asset-liability ratios are as follows:
Asset-liability ratio 51.96% 51.72% Neither the Company nor any of its subsidiaries are subject to externally imposed capital
XIII. Commitments and contingencies1 Significant commitments
The Group 2022 2021 Contracts entered into but not performed or partially
performed 31,109,629,604 36,353,906,810 Contracts authorized but not entered into 100,442,930,917 84,007,549,386
Total 131,552,560,521 120,361,456,196 The Group’s contracts authorised but not entered into mainly included the fixed assets that
Fuzhou BOE Display Technology Co., Ltd. , Beijing BOE Chuangyuan Technology Co., Ltd. , Chongqing BOE Display Technology Co., Ltd. , BOE Healthcare Investment & Management Co., Ltd. , Qingdao BOE Optoelectronics Technology Co., Ltd., BOE Wisdom IOT
Technology Co., Ltd., Chongqing BOE Smart Technology Co., Ltd. , BOE Varitronix Limited and BOE Mled Technology Co., Ltd.  planned to purchase in subsequent years and project equipment that the Group planned to purchase in subsequent years.
The Company 2022 2021 Contracts entered into but not performed or partially
performed 28,350,937,574 25,226,123,138 The Company’s contracts entered into but not performed or partially performed mainly
included guaranteed investments in Beijing BOE Chuangyuan Technology Co., Ltd. , BOE Healthcare Investment & Management Co., Ltd. , BOE Smart Technology Co., Ltd. and Yunnan Invensight Optoelectronics Technology Co., Ltd.
2 Guarantee
(1) The Group as the guarantor
As at 31 December 2022, the Group did not have guarantees provided for external enterprises.
(2) The Company as the guarantor
At 31 December 2022, Chengdu Optoelectronics pledged its land use right with carrying amount of RMB 39,337,190, machinery and equipment with carrying amount of RMB
21,397,326,923 and plants and buildings with carrying amount of RMB 2,324,144,465 as collaterals to obtain long-term loans of USD 578,700,000 and RMB 12,209,380,000. The Company provides joint-liability guarantee for the above loans.
At 31 December 2022, Yuansheng Optoelectronics pledged its land use rights with carrying amount of RMB 43,484,881, machinery and equipment with carrying amount of RMB
5,459,351,367 and plant and buildings with carrying amount of RMB 2,018,273,173 as
collaterals to obtain long-term loans of RMB 1,186,370,000. The Company provides joint- liability guarantee for the above loans.
At 31 December 2022, Chongqing BOE Display pledged its land use right with carrying