TigerResearch/tigerbot-earning-plugin huggingface dataset:
Note: The Company sold a number of shares in relation to the derivative investments in the Reporting Period, thereby ceasing control. With these investments excluded from the consolidated financial statements, the Company’s derivative investment amount stood at nil at the end of the Reporting Period.
5. Use of Funds Raised
(1) Overall Usage of Funds Raised
Year| Way of raising| Total funds raised| Total funds used in the Current Period| Accumulative fund used| Total funds with usage changed| Accumulative funds with usage changed| Proportion of accumulative funds with usage changed| Total unused funds| The usage and destination of unused funds| Amount of funds raised idle for over two years
2021| Private placement of stocks|2,033,260|117,277|1,867,094|0|0|0.00%|166,166| Continuously used for the construction of equity investment project|0
2022| Renewable corporate bonds|200,000|200,000|200,000|0|0|0.00%|0| N/A|0
 Total|--|2,233,260|317,277|2,067,094|0|0|0.00%|166,166|--|0
 Explanation of overall usage of funds raised||||||||||
 The Company raised RMB2,000,000,000 from the above-mentioned offering of perpetual bonds during 2022, and the net proceeds exclusive of issuance costs were RMB1,988,880,000, which would be used for capital increase to subsidiary and replenishing the working capital. The raised funds have been used up, conforming to the provisions of the prospectus. The cumulative amount of raised funds through private placement of stocks was RMB20,332,599,995.83, and the net proceeds after deducting issuance costs were RMB19,869,507,400. In the||||||||||
Reporting Period, the raised funds were used according to project investment plans, conforming to the relevant promise.
(2) Commitment Projects of Fund Raised
Committed investment project and super raise fund arrangement| Changed or not(including partial changes)| Committed investment amount| Investment amount after adjustment (1)| Investment amount in the Reporting Period| Accumulative investment amount as of the period-end(2)| Investment schedule as the period-end(3)=(2)/(1)| Date of reaching intended use of the project| Realized income in the Reporting Period| Whether reached anticipated income| Whether occurred significant changes in project feasibility
 Committed investment project||||||||||
 Repaying the loans from Fuzhou Urban Construction Investment Group Co., Ltd.| No|300,000|300,000|0|300,000|100.00%|| N/A| N/A| No
 Acquiring 24.06% of equity interests in Wuhan BOE Optoelectronics Technology Co., Ltd.| No|650,000|650,000|0|650,000|100.00%|| N/A| N/A| No
 Capital increase in Chongqing BOE Display Technology Co., Ltd. and construction| No|600,000|600,000|113,504|533,834|88.97%| August2023| N/A| N/A| No
 Capital increase in Yunnan Chuangshijie Optoelectronics Technology Co., Ltd. and construction| No|100,000|100,000|0|0|0.00%| January2024| N/A| N/A| No
 Capital increase in Chengdu BOE Hospital Co., Ltd. and construction| No|50,000|50,000|3,773|50,000|100.00%| April2021| N/A| N/A| No
Supplementing the working capital by the2021 private placement of shares| No|286,951|286,951|0|286,951|100.00%|| N/A| N/A| No
22BOEY1-Capital increase in Chengdu BOE Optoelectronics Technology Co., Ltd.| No|100,000|100,000|100,000|100,000|100.00%|| N/A| N/A| No
22BOEY1-Capital increase in Chongqing BOE Display Technology Co., Ltd.| No|90,000|90,000|90,000|90,000|100.00%|| N/A| N/A| No
22BOEY1- Supplementing the working capital| No|10,000|8,888|8,888|8,888|100.00%|| N/A| N/A| No
 Subtotal of committed investment project|--|2,186,951|2,185,839|316,165|2,019,673|--|--||--|--
 Super raised funds arrangement||||||||||
 N/A||||||||||
Total|--|2,186,951|2,185,839|316,165|2,019,673|--|--| N/A|--|--
 Describe project by project any failure to  meet the schedule or anticipated income, as well as the reasons (including reasons for inputting “N/A”for“Whether reached anticipated income”)| All raised funds for the committed investment project (22BOEY1) and the committed investment projects (repaying the loans from Fuzhou Urban Construction Investment Group Co., Ltd. / acquiring 24.06% of equity interests in Wuhan BOE Optoelectronics Technology Co., Ltd. / supplementing the working capital by the2021 private placement of shares) have been put to use and the expected benefits thereof are not applicable since the economic benefits are not directly generated. The committed investment project (capital increase in Chengdu BOE Hospital Co., Ltd. and construction) is in the early stage of opening and has not entered into the operation and profitability period. The committed investment projects (capital increase in Chongqing BOE Display Technology Co., Ltd. and construction /capital increase in Yunnan Chuangshijie Optoelectronics Technology Co., Ltd. and construction) have not yet reached the scheduled useful state and the expected benefits thereof are not applicable. The committed investment project (capital increase in Yunnan Chuangshijie Optoelectronics Technology Co., Ltd. and construction) is implemented in three stages. In the first stage, the Company invests with its own funds. It has realized the production of goods in small batches in 2021 and stable delivery in 2022 which is currently in normal operation. Since the silicon-based OLED industry is in the early stage of rapid development and the technological innovation is emerging endlessly, the Company successively launches the second and third stages considering the risks of changing technology and market demand so as to ensure the capacity matching the growing market demand and profitability. As of the disclosure date of this Report, the raised funds for the 12-inch silicon-based OLED project has not yet been put into use and will be invested based on market conditions subsequently.|||||||||
 Notes of condition of significant changes occurred in project feasibility| N/A|||||||||
 Amount, usage and schedule of super raise fund| N/A|||||||||
 Changes in implementation address of investment project| N/A|||||||||
 Adjustment of implementation mode of investment project| N/A|||||||||
 Advance investments in projects financed with raised funds and swaps of such advance investments with subsequent raised| Applicable|||||||||
| As at 31 December 2022, the funds raised through Phase I of renewable corporate bonds of 2022 were used to swap with advance project investments of RMB1.9 billion, of which RMB1 billion was swapped with the advance investment in Chengdu BOE Optoelectronics Technology Co., Ltd. with equity funds, and the remaining RMB0.9 billion was swapped with the advance investment in Chongqing BOE Display Technology Co., Ltd. with equity funds.|||||||||
funds| As at 31 December 2022, the Company had replaced the prior invested funds of the committed investment projects with the raised funds from the non-public offering of shares for a total amount of RMB6,023.0660 million . Of these, RMB3 billion was to replace the Company's own funds invested in repaying the loan of Fuzhou Urban Construction Investment Group. RMB250 million was to replace the own funds invested in BOE Health Investment Management Company Limited, and RMB2,773.0660 million was to replace the own funds invested in Chongqing BOE Display Technology Co., Ltd.
 Idle fund supplementing the current capital temporarily| N/A
 Amount of surplus in project implementation and the reasons| Applicable
| As at 31 December 2022, the funds raised through the perpetual bonds have been used up, with a balance of RMB1.098 million in the raised funds account, which was the interest income generated during the deposit period. As at 31 December 2022, the balance of the raised funds from the non-public offering of shares was RMB1,717.5872 million, representing the unused raised funds and interest income generated during the deposit period.
 Usage and destination of unused funds| There is a balance of RMB1.098 million in the account of the funds raised through the perpetual bonds, which will be used to pay the interest for the bonds; and there is a balance of RMB1,717.5872 million in the account of the funds raised through the private placement, which will be invested step by step in the projects of Yunnan Chuangshijie Optoelectronics Technology Co., Ltd. and Chongqing BOE Display Technology Co., Ltd.
 Problems incurred in fund using and disclosure or other condition| N/A
(3) Re-purposed Raised Funds
VIII Sale of Major Assets and Equity Interests
1. Sale of Major Assets
2. Sale of Major Equity Interests
Transactio| Equity| Date of| Transactio| Net profit| Effect on| Ratio of| Pricing| Related-| Relationsh| Equity| Execute| Disclosu| Index to
n party|investme nt sold|sale|n price(RMB0’000)|contributed to the Company from the period- begin to the date of sale(RMB0’000)|the Company|the net profit contribut ed by the sale of the equity investme nt to the Company’s total net profit(%)|principle|party transactio n or not|ip between the transaction party and the Company|investme nt involved has been all transferre d or not|d as schedule d or not; if not, give reasons and measure s taken|re date|disclosed information
 Institution al investor| Equity investme nt in SES imagotag S.A.|25 Novemb er 2022|124,807.00|162.00| The Company has ceased to control SES and has excluded it from the consolida te financial statement s.|66.43%| Sold on a secondary market, with the total transaction considerati on not exceeding0.18 billion euro.| No|-| Yes|-|30 Novemb er 2022|www.cninfo.com. cn
IX Main Controlled and Joint Stock Companies
Main subsidiaries and joint stock companies with an over 10% influence on the Company’s net profit
Name| Relationship with the Company| Principal activities| Registered capital| Total assets| Net assets| Operating revenue| Operating profit| Net profit
 Chongqing| Subsidiary| R&D,|19,226,000,000.00|50,215,357,747.00|42,295,896,874.00|22,475,277,054.00|4,982,156,785.00|4,260,338,675.00
 BOE Optoelectronics Technology Co., Ltd.|| Production, and sales of semi- conductor display device, complete machine, and relevant products; import and export business and technology consulting of goods.||||||
 Hefei Xinsheng Optoelectronics Technology Co., Ltd.| Subsidiary| Investment construction, R&D, Production, and sales of relevant products of TFT-LCD and its matching products.|19,500,000,000.00|34,984,843,717.00|25,484,857,733.00|23,099,173,107.00|2,249,652,657.00|2,074,574,833.00
 Hefei BOE Optoelectronics Technology Co., Ltd.| Subsidiary| Investment construction, R&D, Production, and sales of relevant products of TFT-LCD and its matching products.|9,000,000,000.00|23,098,545,346.00|16,474,099,268.00|7,004,241,037.00|682,126,280.00|600,777,647.00
Subsidiaries obtained or disposed in this Reporting PeriodApplicable □Not applicable
Name of subsidiary| How the subsidiary was acquired or disposed of| Effects on the overall operations and performance
 BOE Environmental and Energy Technology Co., Ltd.| Incorporated with investment| No significant effects
 Chengdu BOE Display Technology Co., Ltd.| Incorporated with investment| No significant effects
 Beijing BOE Chuangyuan Technology Co., Ltd.| Incorporated with investment| No significant effects
 SES Imagotag SA Co.Ltd.| Traded on a secondary market| See the Announcement of BOE Technology Group Co., Ltd. on the Sale of Certain Shares Held in a Subsidiary
 BOE Digital Technology Co., Ltd.| Equity replacement| No significant effects
Information about major majority- and minority-owned subsidiaries: N/A
X Structured Bodies Controlled by the Company
XI Prospects
1. "1+4+N+Ecosystem" business development structure
Display Devices business: The Company will accelerate the improvement of OLED technology strength, continue to optimize product performance, increase the proportion of high-end products, accelerate the development of new application markets, and further strengthen the competitive edges. Meanwhile, it will focus on optimizing the structure of LCD products and speed up the establishment of a comprehensive leading position in the innovative application market. It will also proactively leverage the advantages of the industry leader and continue to spearhead the healthy development of the industry.
IoT Innovation business: The Company will enhance the capabilities of software and hardware integration and system design and integration, continue to develop strategic customers, and strengthen cooperation with partners within the ecosystem. Also, it will strengthen the implementation of benchmark projects, enhance brand influence, and accelerate the growth of business scale.
Sensor business: The Company will continue to deepen the development of medical biology, smart screens, consumer electronics, and industrial sensors, to provide customers with high-performance products and services.
MLED business: The Company will create a Mini/Micro LED product group with active driver and COG at its core and coordinated development of COB and SMD, strengthen the collaboration and integration with upstream and downstream resources, continuously enrich the product mix, enhance product competitiveness, expand applications and expedite the development of business landscape.
Smart Medical Engineering business: The Company will continue to deepen the "construction of a closed-loop service system with health management as the core, medical engineering products as the traction, and digital hospitals as the support", strengthen its core capabilities and accelerate its business development.
“N”business: Based on the "1+4" network to reach the demand side and the market side, the Company will achieve large-scale application scenarios, continue to deepen its advantageous tracks, accelerate the growth of core capabilities, and speed up the exploration of emerging application markets, thereby ushering in a new era of high quality and high speed growth.
“Ecosystem”: The Company will uphold the concept of "in-depth cooperation, collaborative development and value co-creation", fully integrate key industrial resources, enhance the overall value creation capability and create a sharing and win-win ecosystem.
2. Digital transformation
With the aim of building "a digital, visible BOE", the Company will promote, in an accurate and in-depth manner, a series of digital transformation to further improve operational efficiency and business performance, and boost long-term, stable and high-quality development.
3. "Double carbon" task
The Company will deepen the implementation of the concept of green development, and continue to strengthen the efficient and comprehensive utilization at multiple sources, the integrated management of energy supply, distribution, use and storage, and digital management capabilities through source decarbonization, process decarbonization, and intelligent carbon management to create a zero- carbon integrated energy service system.
XII Communications with the Investment Community such as Researches, Inquiries and Interviews
Date| Place| Way of communicat ion| Type of the communic ation party| Communication party| Main discussions and materials provided by the Company| Index to the relevant informa tion
10 January 2022| Company Conference Room| By phone| Institution| Perseverance Asset Management| Main discussions:1. The Company’s operating results and operations; and2. Answered questions from investors. Materials provided by the Company: The Company’s Interim Report 2021, Third Quarterly Report 2021, and other materials that had been disclosed to the public.|www.cn info.co m.cn
15 January 2022| Company Conference Room| By phone| Institution|10 institutions including China Alpha Fund Management (HK) Limited||
6 April 2022| Company Conference Room| By phone| Institution|123 institutions including Acuity| Main discussions:1. The Company’s operating results and operations; and2. Answered questions from investors. Materials provided by the Company: The Company’s Third Quarterly Report 2021, Annual Report 2021, and other materials that had been disclosed to the public.|
14 April 2022| Company Conference Room| One-site visit| Institution| China Galaxy Securities||
19 April 2022| Company Conference Room| By phone| Institution|10 institutions including Bosera Funds||
29 April 2022| Company Conference Room| By phone| Institution|108 institutions including Acuity Knowledge Partners| Main discussions:1. The Company’s operating results and operations; and2. Answered questions from investors. Materials provided by the Company: The Company’s Annual Report 2021, First Quarterly Report 2022, and other materials that had been disclosed to the public.|
13 May 2022| Company Conference Room| By phone| Institution| BlackRock||
26 May 2022| Company Conference Room| By phone| Institution| T Rowe Price||
31 May 2022| Company Conference Room| By phone| Institution| Ishana Capital||
24 June 2022| Company Conference Room| By phone| Institution| Golden Trust, Visione Asset, and||
|||| IDG Capital||
30 August 2022| Company Conference Room| By phone| Institution|63 institutions including Acuity Knowledge Partners| Main discussions:1. The Company’s operations; and2. Answered questions from investors. Materials provided by the Company: The Company’s Annual Report 2021, First Quarterly Report 2022, Interim Report2022, and other materials that had been disclosed to the public.|
31 October 2022| Company Conference Room| By phone| Institution|178 institutions including 3W Fund, and Aspex| Main discussions:1. Industry and market overview;2. The Company’s operations; and3. Answered questions from investors. Materials provided by the Company: The Company’s First Quarterly Report 2022, Interim Report 2022, Third Quarterly Report 2022 and other materials that had been disclosed to the public.|
6 November 2022| Company Conference Room| By phone| Institution|243 institutions including Point 72| Main discussions:1. HC Semitek’s considerations for introducing BOE as the controlling shareholder;2. BOE’s development strategy;3. Developments and future planning of BOE’s MLED business;4. Introduction to HC Semitek and its products; and5. Answered questions from investors. Materials provided by the Company: None|
22 November 2022| Company Conference Room| By phone| Institution| Neo-Criterion Capital| Main discussions:1. Industry and market overview;2. Answered questions from investors. Materials provided by the Company: The Company’s Interim Report 2022, Third Quarterly Report 2022 and other materials that had been disclosed to the public.|
9 December 2022| Company Conference Room| By phone| Institution| BOCOM Schroders, and GF Securities||
16 December 2022| Company Conference Room| By phone| Institution| Credit Suisse, and Citigroup||
Part IV Corporate Governance
I General Information of Corporate Bonds
1. Standardized Operation and Perfection of Corporate Governance Structure of the Company in the Reporting Period
The Company has stringently followed laws and rules such as Company Law, Securities Laws, Code of Corporate Governance for Listed Companies, etc., and requirements of Guidelines of the Main-Board for the Standardized Operation of Companies, to continuously improve the corporate governance of the Company, to perfect internal control system as well as to promote corporate governance level of the Company.
During Reporting Period, the Company’s board of directors, board of supervisors and senior executives strictly in line with the requirement of related laws and Company rules and regulations perform their obligations; ensure the standardization and effectiveness of corporate governance. During the Reporting Period, the Company revised the Articles of Association and continued to promote the Company’s governance in many ways. Actively arranged the Company's new directors, supervisors to join special training organized by the Securities regulatory bureau of Beijing, regularly carry out the theme of the franco-prussian propaganda inside the Company. The Company preserved the related party fund transaction, external guarantee and regularly self-inspection of the shareholding and its changes of the directors, supervisors and senior executives, and strengthened the communication of the investors through the Shenzhen Stock Exchange Investors Interactive Platform.
In the Reporting Period, corporate governance of the Company was perfected and operated normally, which was in total compliance with various requirements on corporate governance of listed companies. No problems such as horizontal competition or illegal related- party transactions caused by partial restructuring or other reasons were found. The Company will continue to follow the concept of“honesty, standard, transparency and responsibility”, regulate itself and continuously improve the level of governance.
Main governance of the Company was as follows:
(1) About Shareholders and Shareholders’General Meetings
As per the Company’s Articles of Association, shareholders enjoyed rights and assumed obligations according to the shares they held. Organizing and convening procedures of the Company’s shareholders’general meetings were in compliance with laws and regulations. The Company paid high attention to legal interests of its shareholders, especially its minority shareholders. Meanwhile, on the basis of ensuring legitimacy and validity of shareholders’general meetings, actively provided conveniences including internet voting for minority shareholders’joining the general meeting of the shareholders.
(2) About Relationship between the Controlling Shareholder and the Company
The Company was independent from the controlling shareholder and the actual controller in terms of personnel, assets, financing, organization and business. The controlling shareholder and actual controller of the Company was able to strictly control its behaviors, with no direct or indirect intervention in the Company’s decision-making, production and operating activities by violating relevant laws, regulations and the Articles of Association, no behaviors in relation to occupying significant funds of the Company, and no behaviors in relation to asking the Company to provide guarantees for it or other parties.
(3) About Directors and the Board of Directors
During the Reporting Period, the composition of the Board of Directors of the Company was in line with requirements of regulations and the Company’s actual situation. All directors possessed necessary knowledge, skills and quality for duty performance. They all performed their duties as stipulated in the Articles of Association honestly, faithfully and diligently. They learned about and kept a constant focus on the Company’s production and operation, its financial status and influence and risks of significant events. They also took the initiative to search for information needed in their decision-making so as to ensure efficient operation and scientific decision- making of the Board of Directors. Board sessions were organized and convened in strict compliance with the Articles of Association and Rules of Procedure for the Board of Directors. There were three special committees under the Board of Directors, namely, the Strategic Committee, the Nomination, Remuneration and Appraisal Committee and the Risk Control and Audit Committee. The Company also formulated rules of procedure for all the said special committees so that they could perform better.
(4) About Supervisors and the Supervisory Committee
Within the Reporting Period, the Supervisory Committee has enhanced its ability to supervise the legality and compliance of duty performance of the Company’s financial staffs, directors and senior managers. By way of attending shareholders’general meetings, sitting in on board sessions, checking the Company’s compliance with laws and finance periodically, issuing its opinions on relevant matters, etc., the Supervisory Committee supervised the Company’s finance, duty performance of directors and senior management staffs, management and capital flows between the Company and its related parties, and safeguarded the legitimate interests and rights of the Company and its shareholders. Sessions of the Supervisory Committee were organized and convened in strict compliance with the Articles of Association and the Rules of Procedure for the Supervisory Committee so as to ensure the Supervisory Committee’s activities for duty performance were rightful and valid.
(5) About Information Disclosure and Transparency