京东方科技集团股份有限公司 公司章程修订对照表 （2025 年 8 月） （经公司第十一届董事会第八次会议审议通过，尚需提交 2025 年第二次临时股东大会审议） | 序 号 | 条款 | 原规则 | 条款 | 修订后规则 | | --- | --- | --- | --- | --- | | | 第一 | 为维护公司、股东和债权人的合法权益，规范公司的组织和行为，根据 | 第一 | 为维护公司、股东、职工和债权人的合法权益，规范公司的组织和行为， | | 1 | 条 | 《中华人民共和国公司法》（以下简称《公司法》）、《中华人民共和 国证券法》（以下简称《证券法》）和其他有关规定，制订本章程。 | 条 | 根据《中华人民共和国公司法》（以下简称《公司法》）、《中华人民 共和国证券法》（以下简称《证券法》）和其他有关规定，制定本章程。 | | 2 | 第六 条 | 公司注册资本为人民币 37,645,016,203 元。 | 第六 条 | 公司注册资本为人民币 37,413,880,464 元。 | | | 第八 | | 第八 | 董事长为公司的法定代表人。 担任法定代表人的董事或者经理辞任的，视为同时辞去法 ...

Core Viewpoint - BOE Technology Group (京东方精电) experienced a significant decline in stock price following its removal from the Hang Seng Composite Index, reflecting market concerns about its financial performance and future outlook [1] Group 1: Stock Performance - As of the report, BOE Technology's stock fell by 5.21%, trading at HKD 6.55, with a transaction volume of HKD 112 million [1] Group 2: Index Adjustment - On August 22, the Hang Seng Index Company announced its semi-annual index adjustment results, effective from September 8, which included the removal of BOE Technology from the Hang Seng Composite Index [1] Group 3: Financial Performance - For the first half of the year, BOE Technology reported revenues of HKD 6.671 billion, an increase of approximately 8% year-on-year [1] - The company's net profit attributable to shareholders was approximately HKD 180 million, reflecting a year-on-year increase of about 5% [1] Group 4: Analyst Insights - Citigroup's research report indicated that BOE Technology's profit margins were weak due to investments in system business [1] - The report noted that while BOE Technology's business is gradually recovering, the progress is very slow, and management anticipates continued inventory destocking pressure in the domestic market for the second half of the year [1] - Citigroup downgraded its investment rating from "Buy" to "Sell" and reduced the target price from HKD 7.4 to HKD 5.5, expecting no significant improvement in operating profit margins over the next two years [1]

Core Viewpoint - Citigroup's research report indicates that BOE Technology Group's profit margins in the first half of the year were weak, primarily due to investments in system business [1] Group 1: Financial Performance - Management stated that system revenue is expected to grow over 60% year-on-year in the first half of 2025 [1] - The Chengdu factory has achieved profitability, with capacity utilization between 70% and 80% [1] Group 2: Market Outlook - Citigroup notes that BOE's business is gradually recovering, but the progress is very slow [1] - Management anticipates continued destocking pressure in the domestic market for the second half of the year, predicting that net profit margins will remain flat compared to the first half [1] Group 3: Investment Rating - Citigroup has downgraded the investment rating from "Buy" to "Sell" [1] - The target price has been reduced from HKD 7.4 to HKD 5.5 [1]

Core Insights - Mianyang is recognized as a technology-driven city, with a strong emphasis on innovation and a rich history in scientific development [6] - The city hosts 20 national defense research institutes and over 260 innovation platforms, ranking 15th among China's top 100 cities in terms of technological innovation strength [6] - Recent developments include the successful live demonstration of a general-purpose embodied robot by Zhiyuan Robotics, marking a significant milestone in industrial automation [4][6] Industry Development - Mianyang has established a complete industrial chain in electronics and new energy, supported by leading companies such as Changhong, BOE, and Huikang [7] - The city is becoming a hub for artificial intelligence, with iFlytek announcing the establishment of an application center for its robot super brain platform [7] - The integration of industry and finance is highlighted by the establishment of service bases for major stock exchanges, enhancing the connection between local industries and capital markets [8] Company Performance - Huafeng Technology, a company specializing in connectors, has seen steady revenue growth since 2020 and successfully listed on the Shanghai Stock Exchange in 2023, becoming the first state-owned enterprise from Sichuan to do so [9][10] - The local government played a crucial role in facilitating Huafeng's IPO by resolving competitive issues with another state-owned enterprise [10] - Financial support from local institutions has been instrumental in the development of companies like Changhong Energy, providing various credit resources to meet funding needs [10] Talent and Innovation - Mianyang is actively attracting talent through initiatives such as the "Technology City Talent Card," which offers exclusive services to talent in various sectors [11] - The government has implemented policies to support talent acquisition and retention, including a talent evaluation mechanism and the establishment of a talent development fund [12] - The collaboration between local enterprises and high-end talent has led to significant advancements in innovation, exemplified by the partnership between Fulin Precision and a doctoral team for robotics development [12]

Core Points - The report details the non-operating fund occupation and other related fund transactions of Beijing Orient Technology Co., Ltd. for the first half of 2025, in compliance with regulatory requirements [1] - The total amount of non-operating fund occupation and related transactions is summarized in a table format, indicating various subsidiaries and their respective financial interactions with the parent company [1] Summary by Category Non-operating Fund Occupation - The report indicates that there are no recorded non-operating fund occupations from controlling shareholders or other related parties for the first half of 2025 [1] Related Fund Transactions - The total amount of related fund transactions for the first half of 2025 is 999,674,342.72 yuan, with a breakdown of amounts owed to various subsidiaries [2] - Specific subsidiaries such as Beijing Orient Network Technology Co., Ltd. and Beijing Orient Software Co., Ltd. have significant amounts in accounts receivable, indicating operational transactions [1][2] - Non-operating fund transactions include substantial amounts owed to subsidiaries like Shanghai Orient Tai Software Technology Co., Ltd. and Beijing Digital Paradise Information Technology Co., Ltd., highlighting the financial interconnections within the group [1][2]

两融数据显示，该股最新融资余额为66.57亿元，近5日增加2.82亿元，增幅为4.42%。（数据宝） 8月26日京东方A大宗交易一览 | 成交量（万 | 成交金额（万 | 成交价格 | 相对当日收盘折溢价 | 买方营业 | 卖方营业 | | --- | --- | --- | --- | --- | --- | | 股） | 元） | （元） | （%） | 部 | 部 | | 50.00 | 209.00 | 4.18 | 0.00 | 机构专用 | 机构专用 | 京东方A8月26日大宗交易平台出现一笔成交，成交量50.00万股，成交金额209.00万元，大宗交易成交 价为4.18元。该笔交易的买卖双方均为机构专用席位。 进一步统计，近3个月内该股累计发生2笔大宗交易，合计成交金额为411.12万元。 证券时报·数据宝统计显示，京东方A今日收盘价为4.18元，上涨0.48%，日换手率为2.39%，成交额为 36.54亿元，全天主力资金净流入6352.27万元，近5日该股累计上涨6.36%，近5日资金合计净流入5.87亿 元。 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 （文章来源：证券时报 ...

Group 1 - The core collaboration between BOE and JD aims to enhance product development by leveraging their respective strengths, with BOE focusing on technology and JD on consumer insights [3] - The partnership has established a joint research institute and utilizes a C2M model to exchange resources, aiming to implement the "S+ display certification standard" based on consumer visual experiences [3][4] - The collaboration has expanded beyond consumer electronics to include areas such as television, logistics, and public welfare, with plans for a high-value industrial alliance focusing on technology, ecology, and sustainability [3][5] Group 2 - The rapid development of AI technology is expected to drive innovation in the consumer electronics industry, with predictions indicating that global AI devices will exceed 600 million units by 2028 [4] - The TV market is anticipated to see a demand increase despite U.S. tariff policies, with Mini LED and high refresh rates becoming key trends in product upgrades [4] - The display panel market is entering a new competitive phase, with Chinese manufacturers projected to capture 70% market share by 2026 [4]

Core Viewpoint - The Information Technology ETF (159939) opened down 1.46% at 0.808 yuan, reflecting a mixed performance among its major holdings [1] Group 1: ETF Performance - The Information Technology ETF (159939) has a benchmark performance index of the CSI All Share Information Technology Index [1] - Since its inception on January 8, 2015, the ETF has achieved a return of 64.00% [1] - Over the past month, the ETF has delivered a return of 19.76% [1] Group 2: Major Holdings Performance - Key stocks in the ETF include: - Luxshare Precision opened up 0.58% [1] - SMIC (Semiconductor Manufacturing International Corporation) fell by 2.10% [1] - BOE Technology Group (京东方A) decreased by 0.24% [1] - Northern Huachuang (北方华创) dropped by 0.55% [1] - Haiguang Information (海光信息) declined by 3.29% [1] - Cambrian (寒武纪) fell by 5.41% [1] - iFlytek (科大讯飞) remained unchanged [1] - OmniVision Technologies (豪威集团) decreased by 0.29% [1] - Zhongke Shuguang (中科曙光) increased by 3.00% [1] - Hikvision (海康威视) dropped by 0.55% [1]

Group 1 - The company BOE Technology Group (京东方精电) reported a mid-year performance for 2025, with revenue reaching HKD 6.671 billion, representing an approximate increase of 8% year-on-year [1] - The profit attributable to shareholders was about HKD 180 million, showing a year-on-year increase of approximately 5% [1] - The basic earnings per share were reported at HKD 0.229 [1]

Group 1 - The core viewpoint of the article is that BOE Technology Group (京东方精电) reported a mid-year performance for 2025, showing a revenue of HKD 6.671 billion, which represents an approximate 8% year-on-year increase [1] - The profit attributable to shareholders was approximately HKD 180 million, reflecting a year-on-year increase of about 5% [1] - The basic earnings per share were reported at HKD 0.229 [1] Group 2 - The revenue growth was primarily driven by increased sales of thin-film transistor (TFT) products, touch screen display modules, and automotive system products [1] - This growth was mainly attributed to demand from the company's major clients in China [1]