TigerResearch/tigerbot-earning-plugin huggingface dataset:
management; sale of special equipment for environment protection, lighting equipment, electronic products, machinery and equipment, electrical equipment, instruments, hardware products, computers, software and auxiliary equipment, chemical products (excluding licensed chemical products); import and export of goods; import and export of technology; import and export agents; power supply business; construction engineering design; electrical installation services; various
engineering and construction activities; EPC of house
construction and municipal infrastructure projects; construction
labour subcontracting.
100,000,000  100%  -
Chengdu BOE Display Sci-tech Co., Ltd. (formerly known as “Chengdu CEC Panda FPD Technology Co., Ltd.”)
R&D, production and sales of TFT-LCD panels and modules, liquid crystal display monitors, televisions, instruments, machinery equipment and accessories as well as provision of technical services; foreign trade in form of import and export of
goods and technology
21,550,000,000  35.03%  -
Beijing BOE Chuangyuan Technology Co., Ltd.
Manufacturing of display devices; sale of display devices; manufacturing of electronic components; wholesale of electronic components; retail of electronic components; technical services, technology development, technology consulting, technical exchange, technology transfer, technology promotion; import and export of goods; import and export of
technology; business management consulting; property
management; machinery and equipment leasing; manufacturing
of other electronic devices. (Except for business activities subject to approval in accordance with laws and regulations, operations are conducted in accordance with the law and
business license.)
10,000,000  79.31%  -
The Company signed an agreement of acting in concert with Hefei Core Screen Industrial Investment Fund (Limited Partnership) on 23 January 2019. Hefei Core Screen Industrial
Investment Fund (Limited Partnership) agreed to act as a person acting in concert according to the wishes of the Company, and exercised the voting rights unconditionally and irrevocably in accordance with the opinions of the Company. Therefore, the Company’s voting right ratio to Hefei Display Technology is 100%.
The Company signed an agreement of acting in concert with the shareholder of Wuhan BOE, Wuhan Airport Economic Development Zone Industrial Development Investment Group Co., Ltd. and Hubei Changbai Industrial Investment Fund Partnership (Limited Partnership) on 25 December 2018 and 5 February 2021. Wuhan Airport Economic Development Zone
Industrial Development Investment Group Co., Ltd. and Hubei Changbai Industrial
Investment Fund Partnership (limited Partnership) agreed to follow the Company’s will to act as the persons acting in concert, unconditionally and irrevocably exercising voting rights in accordance with the opinions of the Company, the voting rights of the Company to Wuhan BOE is 100%.
The Company signed an agreement of acting in concert with shareholders of Chongqing BOE Display, Chongqing Strategic Emerging Industry Equity Investment Fund Partnership
(Limited Partnership) and Chongqing Yuzi Optoelectronic Industry Investment Co., Ltd. on 25 December 2018. The Company signed an agreement of acting in concert with Chongqing Jingping Equity Investment Fund Partnership (Limited Partnership) on 31 March 2021. The Company signed an agreement of acting in concert with Chongqing Jianxin Junheng Private Equity Fund Partnership (Limited Partnership) on 30 June 2021. Chongqing Strategic
Emerging Industry Equity Investment Fund Partnership (Limited Partnership), Chongqing Yuzi Optoelectronic Industry Investment Co., Ltd., Chongqing Jingping Equity Investment
Fund Partnership (Limited Partnership) and Chongqing Jianxin Junheng Private Equity Fund Partnership(Limited Partnership) agreed to act as persons acting in concert 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 of the Company to Chongqing BOE is 100%.
The Company signed an agreement of acting in concert with shareholders of Fuzhou BOE Display, Fuqing City Invested-Construction Investment Group Co., Ltd. and Fuzhou Urban Construction Investment Group Co., Ltd. on 21 January 2019. Fuqing City Invested-
Construction Investment Group Co., Ltd. and Fuzhou Urban Construction Investment Group Co., Ltd. agreed to act as persons acting in concert 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 of the Company to Fuzhou BOE
Display is 100%.
The Company signed a concerted action agreement with Chengdu Advanced Manufacturing Industry Investment Co., Ltd., a shareholder of Chengdu Display Sci-tech, and Chengdu
Airport Xingcheng Investment Group Co., Ltd. on December 17, 2020. The Company signed a concerted action agreement with Nanjing Zhongdian Panda Information Industry Group Co., Ltd. on December 31, 2020, and signed a concerted action agreement with Zhongdian Financial Investment Holding Co., Ltd. on June 28, 2022, A concerted action agreement was signed with Ya'an Yashuang Investment Co., Ltd. on November 30, 2022, and Chengdu
Advanced Manufacturing Industry Investment Co., Ltd., Chengdu Airport Xingcheng
Investment Group Co., Ltd., Ya'an Yashuang Investment Co., Ltd., Nanjing Zhongdian Panda Information Industry Group Co., Ltd., and Zhongdian Financial Investment Holding Co., Ltd. acted in concert with the wishes of the company, We unconditionally and irrevocably
exercise our voting rights in accordance with our company's opinions, so our company's voting rights ratio in Chengdu Display Sci-tech is 96.75%.
(2) Material non-wholly owned subsidiaries
Proportion of ownership interest held by non-
controlling interests
Llosses attributable to non-controlling interests for the
Dividend declared to non-controlling shareholders during the year
Balance of non- controlling interests at the end of the year
Hefei Display Technology 91.67% (3,618,751,980) - 18,822,591,037 Mianyang BOE 16.54% (380,623,218) - 3,556,733,678 Wuhan BOE 52.86% (2,002,557,008) - 13,146,768,173 Chongqing BOE Display 61.54% (201,271,791) - 14,444,887,413
(3) Key financial information about material non-wholly owned subsidiaries
The following table sets out the key financial information of the above subsidiaries without
offsetting internal transactions, but with adjustments made for the fair value adjustment at the acquisition date and any differences in accounting policies:
Hefei Display Technology Mianyang BOE Wuhan BOE Chongqing BOE Display
2022 2021 2022 2021 2022 2021 2022 2021
Current assets 12,595,285,193  15,797,281,551  12,372,285,496  9,255,378,733  7,442,285,566  12,711,279,779  8,590,561,462  9,119,260,427 Non-current assets 20,269,449,516  24,332,972,509  37,212,140,922  43,427,820,893  38,934,335,172  38,277,507,503  32,479,448,086  25,994,167,505
Total assets 32,864,734,709  40,130,254,060  49,584,426,418  52,683,199,626  46,376,620,738  50,988,787,282  41,070,009,548  35,113,427,932 Current liabilities 6,306,350,492  7,432,659,554  11,072,411,471  7,343,085,123  6,251,107,827  7,311,202,489  5,410,946,190  3,837,467,534 Non-current
liabilities 6,025,395,194  8,237,784,012  17,008,183,759  21,547,455,635  15,254,593,174  15,031,465,931  12,186,708,120  8,053,464,462 Total liabilities 12,331,745,686  15,670,443,566  28,080,595,230  28,890,540,758  21,505,701,001  22,342,668,420  17,597,654,310  11,890,931,996 Operating income 10,878,478,058  19,895,825,588  16,357,203,835  15,252,416,607  12,845,309,881  16,825,449,551  883,001,124  25,345,522 Net (loss) / profit (3,947,585,884)  3,314,633,884  (2,301,228,643)  (998,415,291)  (3,788,416,587)  2,811,946,928  (327,058,484)  (243,647,739) Total
income (3,947,585,884)  3,314,633,884  (2,301,228,643)  (998,415,291)  (3,788,416,587)  2,811,946,928  (327,058,484)  (243,647,739) Cash inflows /
(outflows) in operating
activities 899,521,665  9,132,590,378  7,118,785,052  3,589,416,228  2,816,292,270   5,734,190,509  (185,310,156)   91,717,067
2 Transactions that cause changes in the Group’s interests in subsidiaries that do not result in
loss of control
(1) Changes in the Group’s interests in subsidiaries:
Before changes of
After changes of
BOE Energy 100.00% 68.40% Zhongxiangying 100.00% 91.10% Hefei Xingyu 53.86% 63.77%
(2) Impact from transactions with non-controlling interests and equity attributable to the
shareholders of the Company:
The changes in the shareholding of the Company in the owners of above-mentioned other subsidiaries were caused by the capital increase/decrease of the Company and the capital increase of their non-controlling interests or the failure to increase capital by the Company and the non-controlling interests of the subsidiaries in equal proportion, which results in the increase of capital reserves by RMB 1,135,268,806 . See Note V.38.
3 Interests in associates
Please see Note V.10(2) for details of the summarised financial information of the associates.
No material restrictions on transfers of funds from investees to the Group. The judgement
basis of the Company and its subsidiaries to hold lower than 20% of the voting rights of other entities but have significant influence on the entity is due to the fact that the Company and its subsidiaries have seats in the board of directors of the entity, and the Company and
subsidiaries of the Company may have significant influence on the entity through the
representation of the directors in the process of formulating financial and operating policies.
VIII. Risk related to financial instruments
The Group has exposure to the following main risks from its use of financial instruments in the normal course of the Group’s operations:
- Credit risk- Liquidity risk
- Interest rate risk
- Foreign currency risk- Other price risks
The following mainly presents information about the Group’s exposure to each of the above risks and their sources, their changes during the year, and the Group’s objectives, policies and processes for measuring and managing risks, and their changes during the year.
The Group aims to seek appropriate balance between the risks and benefits from its use of financial instruments and to mitigate the adverse effects that the risks of financial instruments have on the Group’s financial performance. Based on such objectives, the Group’s risk
management policies are established to identify and analyse the risks faced by the Group, to set appropriate risk limits and controls, and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to reflect changes in market
conditions and the Group’s activities. The internal audit department of the Group undertakes both regular and ad-hoc reviews of risk management controls and procedures.
1 Credit risk
Credit risk is the risk that one party to a financial instrument will cause a financial loss for the other party by failing to discharge an obligation. The Group’s credit risk is primarily
attributable to receivables. Exposure to these credit risks is monitored by management on an ongoing basis.
The cash at bank of the Group is mainly held with well-known financial institutions.
Management does not foresee any significant credit risks from these deposits and does not expect that these financial institutions may default and cause losses to the Group.
In respect of receivables, the Group has established a credit policy under which individual credit evaluations are performed on all customers to determine the credit limit and terms applicable to the customers. These evaluations focus on the customers’financial position, the external ratings of the customers and the record of previous transactions. Receivables
are due within 7 to 120 days from the date of billing. Debtors with balances that are past due are requested to settle all outstanding balances before any further credit is granted.
Normally, the Group does not obtain collateral from customers.
The Group’s exposure to credit risk is influenced mainly by the individual characteristics of each customer rather than the industry or country/region in which the customers operate. Therefore, significant concentrations of credit risk primarily arise when the Group has
significant exposure to individual customers. At the balance sheet date, 39% (2021: 39%) of the Contract assets total accounts receivable were due from the five largest customers of the Group. In addition, the accounts receivable not overdue or impaired is mainly related to many clients who don’t have payment in arrears records recently.
The maximum exposure to credit risk is represented by the carrying amount of each financial asset in the balance sheet. As mentioned in Note XIII, as at 31 December 2022 the Group
does not provide any external guarantees which would expose the Group or the Company to credit risk.
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 the Company’s board when the borrowings exceed certain predetermined levels of authority. The Group’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.
The following tables set out the remaining contractual maturities at the balance sheet date of the Group’s financial liabilities, which are based on contractual undiscounted cash flows
(including interest payments computed using contractual rates or, if floating, based on rates current at 31 December) and the earliest date the Group can be required to pay:
2022 Contractual undiscounted cash flow
Within 1 year or on demand(inclusive)
More than 1 year but less than 3 years(inclusive)
More than 3 years but less than 5 years(inclusive)
More than 5
years Total
Carrying amount of balance sheet
Financial liabilities
Short-term loans 2,472,050,871 - - - 2,472,050,871 2,373,938,871 Bills payable 870,221,538 - - - 870,221,538 870,221,538 Accounts payable 29,834,720,464 - - - 29,834,720,464 29,834,720,464 Other payables 19,632,223,269 - - - 19,632,223,269 19,632,223,269 Non-current liabilities due
within one year 23,132,749,292 - - - 23,132,749,292 22,703,750,744 Long-term loans 4,872,695,550 17,357,391,426 26,251,319,950 99,561,622,533 148,043,029,459 123,143,479,690 Lease liabilities - 246,663,217 123,905,787 323,315,125 693,884,129 538,586,010 Long-term payables - 70,973,955 160,835,968 - 231,809,923 229,587,077
Total 80,814,660,984 17,675,028,598 26,536,061,705 99,884,937,658 224,910,688,945 199,326,507,663
2021 Contractual undiscounted cash flow
Within 1 year or on demand (inclusive)
More than 3 years but less than 5
years (inclusive)  More than 5 years Total
Short-term loans 2,156,682,843 - -  - 2,156,682,843  2,072,057,332 Bills payable 827,958,031 - -  - 827,958,031  827,958,031 Accounts payable 32,455,830,694 - -  - 32,455,830,694  32,455,830,694 Other payables 23,835,374,942 - -  - 23,835,374,942  23,835,374,942 Non-current liabilities due
within one year 29,209,146,646 - -  - 29,209,146,646  28,874,958,714 Long-term loans 4,195,689,815  19,625,783,023 10,743,655,014  102,812,410,156 137,377,538,008  116,078,666,587 Debentures payable 13,392,544 305,465,507 74,023,980  - 392,882,031  359,586,437 Lease liabilities - 284,759,263 138,423,079  333,385,847 756,568,189  669,130,264 Long-term payables - 373,905,903 211,205,405  457,906,633 1,043,017,941  906,592,838
Total 92,694,075,515  20,589,913,696 11,167,307,478  103,603,702,636 228,054,999,325  206,080,155,839
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 for fixed and floating rate interest-bearing instruments based on 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.
(a) As at 31 December, the Group held the following interest-bearing financial instruments: Fixed rate instruments:
Effective interest
rate Amounts
Financial assets
- Cash at bank 0.70%~5.45% 36,597,334,927 0.30%~3.99% 36,894,761,961 Financial liabilities
- Short-term loans 0.25%~5.90% (1,149,712,480) 0.50%~5.90% (2,068,800,511)- Other payables 0%~2.18% (3,000,000,000) 0%~2.18% (3,000,000,000)- Non-current liabilities due within
one year 0%~6.86% (7,841,491,191) 0%~6.86% (9,407,794,957)- Long-term loans 0%~5.90%  (25,324,584,996) 0%~5.90%  (28,644,395,246)- Debentures payable - - 3.50%~4.55% (359,586,437)- Lease liabilities 3.65%~4.75% (538,586,010) 3.85%~4.75% (669,130,264)- Long-term payables 4.30%~6.86% (229,587,077) 4.65%~6.86% (906,592,838)
Total (1,486,626,827) (8,161,538,292)
Floating rate instruments:
- Cash at bank 0.0001%~5.30% 31,723,267,975 0.0001%~2.70% 41,471,269,422 Financial liabilities
- Short-term loans 5.65%~5.84% (1,218,525,680) - -- Non-current liabilities due within
one year 1.00%~7.44%  (14,215,671,815) 1.66%~5.88%  (18,827,495,477)- Long-term loans 1.00%~7.44%  (97,816,667,917) 2.30%~5.88%  (87,317,668,185)
Total   (81,527,597,437)   (64,673,894,240)
(b) Sensitivity analysis
As at 31 December 2022, 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 the Group’s net profit and equity by RMB
679,150,000 (2021: RMB 549,530,000).
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 owner’s 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) The Group’s exposure as at 31 December 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 1,523,210,633 (2021 net liabilities exposure: USD 177,293,137), translated into RMB 10,608,552,775 (2021: RMB
1,130,367,854), 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, a 5% strengthening / weakening of the Renminbi against the US dollar at 31 December would have increased /
decreased both the Group’s equity and net profit by the amount RMB 136,665,926(2021: decreased / increased RMB 164,148,318).
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
Other price risks include stock price risk and commodity price risk.
IX. Fair value disclosure
The following table presents the fair value information and the fair value hierarchy, at the end of the current reporting period, of the Group’s assets and liabilities which are measured at fair value at each balance sheet date on a recurring or non-recurring basis. The level in
which fair value measurement is categorised is determined by the level of the fair value
hierarchy of the lowest level input that is significant to the entire fair value measurement. The levels are defined as follows:
Level 1 inputs:  unadjusted quoted prices in active markets that are observable at the
measurement date for identical assets or liabilities;
Level 2 inputs:  inputs other than Level 1 inputs that are either directly or indirectly
observable for underlying assets or liabilities;
Level 3 inputs:  Inputs that are unobservable for underlying assets or liabilities;
1 Fair value of assets measured at fair value at the end of the year
Assets Note
Level 1 Fair value measurement
Level 2 Fair value measurement
Level 3 Fair value
measurement Total
Recurring fair value measurements
- Financial assets held for trading V.2 256,525,783 - 16,931,468,153 17,187,993,936 Including: Structured deposit
and wealth- management
products -  - 16,931,468,153 16,931,468,153 Investments in
equity instruments 256,525,783 - - 256,525,783
- Investments in other equity
instruments V.11 154,312,590 - 328,747,716 483,060,306- Other non-current financial assets V.12 - - 2,022,967,681 2,022,967,681 Including: Investments in
equity instruments - - 2,022,967,681 2,022,967,681
Total assets measured at fair value
on a recurring basis 410,838,373 - 19,283,183,550 19,694,021,923
- Financial assets held for trading V.2 - - 10,028,172,853 10,028,172,853 Including: Structured deposit
products - - 10,028,172,853 10,028,172,853
instruments V.11 168,325,009 - 350,763,137 519,088,146- Other non-current financial assets V.12 - - 606,895,447 606,895,447 Including: Investments in
equity instruments - - 606,895,447 606,895,447
on a recurring basis 168,325,009 - 10,985,831,437 11,154,156,446
2 Basis of determining the market price for recurring and non-recurring fair value
measurements categorised within Level 1
The Group uses the active market quote as the fair value of financial assets within Level 1.
3 Valuation techniques used and the qualitative and quantitative information of key parameters
for recurring and non-recurring fair value measurements categorised within Level 3 Financial assets held for trading at recurring fair value within Level 3 are bank wealth
management products. For wealth management products measured at fair value, the fair value is determined based on the discounted cash flow method.
Investments in other equity instruments and other non-current financial assets at recurring fair value within Level 3 are unlisted equity investments held by the Group, including:
(i) For those who raised a new round of financing in 2022, the Group used the financing price as the best estimates of their fair value;
(ii) For other investments in other equity instruments, since the operating environment,
operating conditions and financial status of the investee have not changed significantly during the year, the Group uses the book investment cost as a reasonable estimate of fair value for measurement.
4  During 2022, there were no changes in valuation technique of fair value. As at 31 December,
the Group held no assets and liabilities measured at fair value. All financial assets and
financial liabilities of the Group are carried at amounts not materially different from their fair value.
X. Related parties and related party transactions1 Information about the parent of the Company
Company name Registered place  Business nature  Registered capital
Shareholding percentage (%)
Percentage of voting rights
controlling party of the Company
Beijing Electronics Holding Co., Ltd.
No. 12, Jiuxianqiao Road, Chaoyang District, Beijing
Operation and management of state-owned assets within authorisation,
3,139,210,000 0.72% 12.20% Yes
2 Information about the subsidiaries of the Company