BOE Technology Group Co., Ltd. ENGLISH TRANSLATION OF CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR 1 JANUARY 2024 TO 31 DECEMBER 2024 IF THERE IS ANY CONFLICT BETWEEN THE CHINESE VERSION AND ITS ENGLISH TRANSLATION, THE CHINESE VERSION WILL PREVAIL AUDITOR'S REPORT 毕马威华振审字第 2511030 号 To the shareholders of BOE Technology Group Co., Ltd.: Opinion We have audited the accompanying financial statements of BOE Technology Group Co., Ltd. ("BOE"), which comprise the consolidated and company balance sheets as at ...

Financial Performance - The company's operating revenue for the first half of 2024 was CNY 93,386,241,632.00, representing a 16.47% increase compared to CNY 80,177,875,220.00 in the same period last year[20]. - Net profit attributable to shareholders was CNY 2,284,051,354.00, a significant increase of 210.41% from CNY 735,809,609.00 year-on-year[20]. - The net profit after deducting non-recurring gains and losses reached CNY 1,613,403,381.00, compared to a loss of CNY 1,584,440,291.00 in the previous year, marking a 201.83% improvement[20]. - The net cash flow from operating activities was CNY 24,878,969,292.00, up 53.16% from CNY 16,243,669,123.00 in the same period last year[20]. - Basic earnings per share rose to CNY 0.06, a 200.00% increase compared to CNY 0.02 in the previous year[19]. - The total comprehensive income attributable to the parent company for the first half of 2024 was ¥2,224,934,489, compared to ¥1,029,959,109 in the first half of 2023, showing a significant increase of about 116.1%[148]. - The total profit before tax was ¥2.28 billion, a turnaround from a loss of ¥847.05 million in the first half of 2023[146]. - The company reported a net loss of CNY 2,562,793,447 for the period, which includes a distribution to shareholders of CNY 2,296,367,344[172]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 422,367,862,387.00, a slight increase of 0.769% from CNY 419,187,099,795.00 at the end of the previous year[20]. - Total liabilities amounted to ¥221.84 billion, showing an increase from ¥221.39 billion at the beginning of the period[140]. - The company's total liabilities at the end of the period were CNY 130,834,067,578.00, reflecting its financial obligations[178]. - The total current liabilities amounted to ¥99.78 billion, an increase from ¥90.17 billion[140]. - The long-term borrowings were recorded at ¥112.57 billion, a decrease from ¥121.55 billion[140]. Research and Development - Research and development investment amounted to ¥5,842,590,541, reflecting a 10.93% increase compared to the previous year[40]. - The company has filed over 4,000 new patent applications in the first half of the year, with over 90% being invention patents, and more than 30% filed overseas[36]. - R&D expenditures have increased by 20% year-over-year, underscoring the company's commitment to innovation[104]. Corporate Governance and Compliance - The company has received an "A" rating for information disclosure from the Shenzhen Stock Exchange for 8 consecutive evaluation years, adhering to principles of "truthfulness, accuracy, and completeness" in its disclosures[69]. - The company has revised its governance documents in 2024 to comply with the latest legal and regulatory requirements, enhancing its corporate governance framework[67]. - The company has not reported any cash received from the disposal of subsidiaries or other business units during the period[154]. Environmental Responsibility - The company adheres to environmental protection laws and has established a comprehensive environmental management system based on ISO14001[76]. - The company has set a long-term goal to achieve carbon neutrality in its operations by 2050, with a focus on integrating green development into various operational dimensions[86]. - The company achieved a 100% disposal rate for hazardous waste across its subsidiaries, ensuring compliance with environmental regulations[80]. Market Position and Strategy - The company maintains its leading position in the semiconductor display sector, with LCD shipments remaining the highest globally, and a continuous increase in the share of core customers[33]. - The company has established a "Screen IoT" strategy to enhance its core competitiveness and expand its market presence[64]. - Future guidance suggests a projected revenue growth of approximately 15% for the next fiscal year, driven by increased demand in the display sector[105]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[2]. - The company has repurchased A shares for a total payment exceeding 4.6 billion yuan and B shares for nearly 1 billion Hong Kong dollars from 2020 to 2022, further enhancing earnings per share by canceling approximately 500 million repurchased shares in 2023[68]. - The total number of ordinary shareholders at the end of the reporting period was 1,134,173, with 1,102,840 being A-share shareholders[115]. Financial Management - The net cash flow from investment activities was -¥15,514,054,444, a significant decrease of 666.98% compared to the previous year, primarily due to increased cash outflow from financial product investments[38]. - The company has committed to investing ¥200,000,000.00 in various projects, with ¥198,888,000.00 already utilized[57]. - The company has not engaged in any major related party transactions during the reporting period[99].

BOE Technology Group Co., Ltd. ENGLISH TRANSLATION OF FINANCIAL STATEMENTS FOR THE YEAR 1 JANUARY 2023 TO 31 DECEMBER 2023 IF THERE IS ANY CONFLICT BETWEEN THE CHINESE VERSION AND ITS ENGLISH TRANSLATION, THE CHINESE VERSION WILL PREVAIL AUDITOR'S REPORT 毕马威华振审字第 2404989 号 The Shareholders of BOE Technology Group Co., Ltd.: Opinion We have audited the accompanying financial statements of BOE Technology Group Co., Ltd. ("BOE"), which comprise the consolidated and company balance sheets as at 31 December 2023 ...

本公司及监事会全体成员保证信息披露的内容真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 | 证券代码：000725 | 证券简称：京东方 | A | 公告编号：2023-044 | | --- | --- | --- | --- | | 证券代码：200725 | 证券简称：京东方 | B | 公告编号：2023-044 | 京东方科技集团股份有限公司 第十届监事会第六次会议决议公告 京东方科技集团股份有限公司（以下简称"公司"）第十届监事 会第六次会议于 2023 年 8 月 15 日以电子邮件方式发出通知，2023 年 8 月 25 日（星期五）以现场与通讯结合方式在公司会议室召开。 公司监事会共有监事 7 人，全部出席本次会议（其中：委托出席 的监事 1 人，以通讯表决方式出席的监事 1 人）。监事时晓东先生以通 讯表决方式出席会议。监事燕军先生因工作原因未能亲自出席本次会 议，授权监事徐阳平先生代为出席并行使表决权。 本次会议的通知、出席及表决均符合《中华人民共和国公司法》 和《京东方科技集团股份有限公司章程》等有关规定，会议由监事会 主席王谨女士主持。 一、会议审议并通过了如下议案： （一 ...

| 证券代码：000725 | 证券简称：京东方 | A | 公告编号：2023-043 | | --- | --- | --- | --- | | 证券代码：200725 | 证券简称：京东方 | B | 公告编号：2023-043 | 京东方科技集团股份有限公司 第十届董事会第十九次会议决议公告 具体内容详见与本公告同日披露的《京东方科技集团股份有限公 司关于募集资金 2023 年半年度存放与实际使用情况的专项报告》。 1 本公司及董事会全体成员保证信息披露的内容真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 京东方科技集团股份有限公司（以下简称"公司"）第十届董事会 第十九次会议于 2023 年 8 月 15 日以电子邮件方式发出通知，2023 年 8 月 25 日（星期五）以现场与通讯结合方式在公司会议室召开。 公司董事会共有董事 11 人，全部出席本次会议（其中：以通讯 表决方式出席的董事 6 人）。董事陈炎顺先生、潘金峰先生、高文宝 先生、吴礼顺先生、叶枫先生、张新民先生以通讯表决方式出席会议。 公司部分监事和高级管理人员列席本次会议。 本次会议的通知、出席及表决均符合《中华人民共和国公 ...

Financial Performance - Operating revenue for Q1 2023 was RMB 37.97 billion, a decrease of 24.77% compared to Q1 2022[7] - Net profit attributable to shareholders was RMB 247.32 million, down 94.36% from RMB 4.39 billion in Q1 2022[7] - Basic and diluted earnings per share fell to RMB 0.003, a decline of 97.35% compared to RMB 0.113 in Q1 2022[7] - Operating profit for Q1 2023 was a loss of RMB 1.05 billion, compared to a profit of RMB 4.25 billion in Q1 2022[26] - Net profit attributable to owners of the Company was RMB 247.32 million in Q1 2023, down 94.4% from RMB 4.39 billion in Q1 2022[26] - Revenues for Q1 2023 were RMB 37.97 billion, a decrease of 25% compared to RMB 50.48 billion in Q1 2022[24] Cash Flow - Net cash generated from operating activities decreased by 31.40% year on year, totaling RMB 10.12 billion[10] - Cash generated from operating activities decreased to RMB 47.59 billion in Q1 2023 from RMB 59.14 billion in Q1 2022, a decline of 19.6%[28] - Net cash used in investing activities was RMB 621.01 million in Q1 2023, compared to a net cash outflow of RMB 7.31 billion in Q1 2022[29] Assets and Liabilities - Total assets as of March 31, 2023, were RMB 412.39 billion, a decrease of 1.95% from RMB 420.56 billion at the end of 2022[7] - Total liabilities decreased to RMB 215.53 billion in Q1 2023 from RMB 218.53 billion in Q1 2022[24] - Total owners' equity decreased to RMB 196.86 billion in Q1 2023 from RMB 202.04 billion in Q1 2022[24] - Current liabilities slightly decreased from RMB 85.67 billion to RMB 84.74 billion, a reduction of approximately 1.1%[23] - Long-term borrowings decreased from RMB 123.14 billion to RMB 121.28 billion, a decline of about 1.5%[23] Investments and Returns - Other income increased by 112% year on year, primarily due to increased government grants during the reporting period[10] - Return on investment rose by 129% year on year, driven by higher returns recognized on investments in associates[10] - The company reported a gain on changes in fair value that increased by 131% year on year, attributed to gains on investments in equity instruments[10] - Net cash flow from investment activities increased by 91.51% year on year, mainly due to reduced cash outflows for fixed assets and long-term assets[10] Shareholder Equity and Management - Equity attributable to shareholders decreased by 2.81% to RMB 132.26 billion from RMB 136.09 billion at the end of 2022[7] - The number of restricted shares that can be released is 102,260,780 shares, accounting for 0.2677% of the total share capital[19] - The company plans to implement an Equity Incentive Scheme, which includes both Stock Option and Restricted Stock Incentive Schemes[19] - The company raised a net fund of up to RMB 20 billion through a non-public offering of A-shares in 2021, issuing 3,650,377,019 new shares[19] - The company appointed new senior management members, including Mr. Feng Qiang as Executive Vice President and Mr. Guo Huaping as Senior Vice President and Chief Cultural Officer[21] Current Assets - As of March 31, 2023, total current assets decreased to RMB 135.79 billion from RMB 142.23 billion at the beginning of the year, reflecting a decline of approximately 4.5%[20] - The company's monetary assets decreased from RMB 68.80 billion to RMB 65.98 billion, a reduction of about 4.1%[20] - Accounts receivable decreased from RMB 28.20 billion to RMB 24.90 billion, representing a decline of approximately 11.5%[20]

Financial Performance - BOE achieved operating revenue of RMB178.41 billion and a net profit of RMB7.55 billion in 2022, indicating resilience amid industry downturns[3]. - In 2022, BOE Technology Group Co., Ltd. reported operating revenue of RMB 178.41 billion, a decrease of 19.28% compared to RMB 221.04 billion in 2021[22]. - The net profit attributable to the listed company's shareholders in 2022 was RMB 7.55 billion, reflecting a significant decline of 70.91% from RMB 25.96 billion in 2021[22]. - The net cash generated from operating activities decreased by 31.38% to RMB 43.02 billion in 2022, down from RMB 62.70 billion in 2021[22]. - Basic earnings per share fell to RMB 0.19 in 2022, a decrease of 73.24% from RMB 0.71 in 2021[24]. - Total assets as of December 31, 2022, were RMB 420.56 billion, down 6.59% from RMB 450.23 billion in 2021[25]. - The company's equity attributable to shareholders decreased by 4.97% to RMB 136.09 billion in 2022, compared to RMB 143.20 billion in 2021[25]. - Cash generated from operating activities decreased by 31.38% year-on-year to RMB 43.02 billion, primarily due to decreased sales[83]. Business Segments and Growth - The shipment area in five application domains (smartphones, tablet PCs, laptops, monitors, and TVs) ranked first globally, with flexible AMOLED shipments increasing by 30%[3]. - Revenue from system solutions and sensing business increased by over 41%, while MLED and smart medical industry revenues grew by nearly 85% and over 19%, respectively[4]. - The IoT Innovation business achieved operating revenue of approximately RMB 27,245 million, with TV terminal sales growing over 40% year-on-year[51]. - The Sensor business reported operating revenue of approximately RMB 307 million, up approximately 41.80% year-on-year[52]. - The MLED business generated operating revenue of approximately RMB 847 million, reflecting an 84.79% year-on-year growth[54]. - The Smart Medical Engineering business achieved operating revenue of approximately RMB 2,203 million, increasing by approximately 19.31% year-on-year[55]. - The operational revenue for the Display Devices business was approximately RMB 157,949 million during the reporting period[50]. - Operating revenue for the Display Devices business decreased by 22.55% to RMB 157.95 billion in 2022, compared to RMB 203.94 billion in 2021[58]. Research and Development - BOE holds over 80,000 patents, with more than 28,000 related to OLED technology, ranking 11th worldwide for patents granted in the US[6]. - R&D expenses increased by 4.56% to RMB 11.10 billion in 2022, up from RMB 10.62 billion in 2021[65]. - The number of R&D personnel increased to 21,075, a growth of 6.94% year-on-year, with R&D personnel constituting 23.86% of total employees[81]. - BOE Technology Group's R&D investments for 2022 amounted to RMB 12.60 billion, representing 7.06% of operating revenue, an increase of 1.43% from 2021[81]. Strategic Initiatives - The company has established a "1+4+N+Ecosystem" business development structure focusing on IoT transformation[5]. - BOE's strategic focus includes the development of "Screen-Connected IoT," aiming to integrate screens into various market segments and application scenarios[37]. - The company is expanding its core businesses, including Display Devices, IoT Innovation, Sensor, MLED, and Smart Medical Engineering[40]. - The company is committed to becoming a global leader in the IoT innovation sector as it celebrates its 30th anniversary in 2023[10]. - The company aims to enhance OLED technology strength and increase the proportion of high-end products in its Display Devices business[142]. - The IoT Innovation business will focus on software and hardware integration, strategic customer development, and strengthening partnerships within the ecosystem[143]. - The MLED business plans to create a Mini/Micro LED product group and enhance product competitiveness through collaboration with upstream and downstream resources[144]. Corporate Governance - The Board of Directors is composed of qualified individuals who diligently perform their duties, with three special committees established for strategic, remuneration, and risk control purposes[155]. - The Supervisory Committee actively supervises the legality and compliance of financial staff and management, ensuring the protection of shareholders' rights[156]. - The Company emphasizes timely and accurate information disclosure, adhering to relevant laws and regulations to maintain transparency[157]. - The Company has established a dedicated investor relations team to facilitate communication and enhance investor education through various platforms[157]. - The Company has independent financial departments and a standardized accounting system, ensuring financial autonomy and compliance[162]. - The Company has not encountered any material non-compliance issues with laws or regulations during the Reporting Period[159]. Market Position and Future Outlook - The company is focused on expanding its market presence and enhancing its product offerings through new technology development[181]. - The company is optimistic about its future outlook, anticipating growth in revenue and market share in the coming years[181]. - The company is actively pursuing opportunities for mergers and acquisitions to strengthen its competitive position in the market[181]. - The company aims to leverage its expertise in optoelectronics to drive future growth and innovation in the industry[181]. Talent and Workforce - The company has nearly 400 foreign experts and over 2,600 overseas employees, emphasizing global talent management[8]. - The company experienced a significant management turnover, with multiple directors and senior management resigning upon the expiry of their office terms on April 28, 2022[181]. - The company appointed new directors and senior management on April 28, 2022, including Fan Yuanning as a director and Yang Xiaoping as senior management[181]. - The management team is committed to maintaining high standards of corporate governance amidst the changes in leadership[181].

Financial Performance - The company's operating revenue for the reporting period was ¥91.61 billion, a decrease of 15.66% compared to ¥107.29 billion in the same period last year[13]. - The net profit attributable to shareholders was ¥6.60 billion, down 48.94% from ¥12.76 billion in the previous year[13]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥4.24 billion, a decline of 64.12% from ¥11.66 billion year-on-year[13]. - The net cash flow from operating activities was ¥28.11 billion, a decrease of 14.26% compared to ¥32.75 billion in the previous year[13]. - Basic earnings per share were ¥0.166, down 54.77% from ¥0.363 in the same period last year[13]. - The total assets at the end of the reporting period were ¥446.29 billion, a decrease of 0.88% from ¥449.73 billion at the end of the previous year[13]. - The net assets attributable to shareholders at the end of the reporting period were ¥143.32 billion, an increase of 0.16% from ¥142.93 billion at the end of the previous year[13]. - The weighted average return on net assets was 4.80%, down from 13.40% in the previous year[13]. - The company reported a total of 2,356,205,645.00 yuan in non-recurring gains and losses, with government subsidies contributing 2,960,353,628.00 yuan[16]. - The company reported a total of RMB 321.48 million in remaining funds from the renewable corporate bond fundraising, which is the interest income generated during the holding period[43]. Market Position and Product Development - BOE Technology Group maintained the global number one market share in five mainstream application areas of LCD, with significant growth in high-end markets such as NB Oxide and Gaming, achieving over 20% year-on-year increase in MNT QHD+ sales[23]. - The company launched new products including 65-inch and 75-inch smart screens, with large-size product sales increasing by over 160% year-on-year[23]. - The company achieved a global number one market share in the automotive sector for the first time[23]. - The innovative application areas saw overall sales increase by over 50% year-on-year[23]. - The company launched several new technologies, including the world's largest 110-inch 8K naked-eye 3D product and a 40-inch curved automotive-grade OLED product[24]. - The company filed over 4,500 new patent applications in the first half of the year, with more than 90% being invention patents[24]. Investment and Financial Management - Research and development investment increased by 2.80% to ¥5.69 billion from ¥5.54 billion in the previous year[28]. - The financial expenses decreased significantly by 62.80% to ¥654 million due to reduced net interest expenses[28]. - The total investment during the reporting period was ¥252.04 million, a significant decrease of 68.34% compared to ¥796.09 million in the same period last year[36]. - The company has committed to invest CNY 300,000 in Fuzhou BOE Optoelectronics Technology Co., with 100% of the funds already utilized[42]. - The company has invested CNY 289,828 in various projects during the reporting period, with a cumulative investment of CNY 1,993,336[42]. Environmental and Sustainability Initiatives - The company achieved a total energy savings of 74.29 million kWh, water savings of 2.71 million tons, natural gas savings of 124,600 cubic meters, nitrogen savings of 33,440 cubic meters, and steam savings of 3,600 cubic meters by the end of June 2022 through various energy-saving projects[63]. - The company has implemented a comprehensive environmental management system, ensuring that all wastewater and emissions meet national and local standards, with no significant environmental issues reported during the reporting period[57][58]. - The company has established a carbon emission management policy aimed at achieving peak carbon emissions and carbon neutrality, with measurable targets and ongoing improvements in carbon management performance[63]. - The company has a 100% disposal rate for hazardous waste, ensuring all waste is handled by qualified recyclers[57]. - The company emphasizes the use of recyclable materials and has adopted a "4R" concept (Recycle, Reduce, Renew, Responsibly) for raw material usage[57]. Corporate Governance and Shareholder Relations - The company held its annual general meeting on April 28, 2022, with an investor participation rate of 24.61%[49]. - There were several changes in the board of directors and senior management during the reporting period, with multiple resignations and new appointments[50]. - The company has committed to not reducing or transferring shares held by certain directors and senior management for a period extending six months after their term ends, ensuring stability in shareholding[67]. - The company reported a total of 20,005,381 shares held by directors and senior management, with 14,968,000 shares being granted as restricted stock[106]. - The company has established a voting rights exercise agreement with Hefei Jianxiang Investment Co., Ltd. to manage its voting rights post-private placement[103]. Financial Reporting and Compliance - The half-year financial report has not been audited, indicating that the financial results are still subject to review[68]. - The financial statements comply with the accounting standards issued by the Ministry of Finance and reflect the company's financial position accurately[148]. - The company has not made any significant changes to its accounting policies or estimates during the reporting period[147]. - The company’s accounting currency is Renminbi, and it has subsidiaries that may use other currencies for accounting purposes[150]. Debt and Liabilities - The company's long-term borrowings increased to ¥123.86 billion, representing 27.75% of total liabilities, an increase of 1.97% from the previous year[32]. - The total liabilities at the end of the reporting period were ¥446.73 billion, with short-term borrowings of ¥2.77 billion[32]. - The company has provided joint liability guarantees for multiple subsidiaries, with amounts ranging from 10,500 to 2,251,908[78]. - The company has ensured that all guaranteed parties have provided counter-guarantees, mitigating potential risks[78]. Future Outlook - The company plans to expand its market presence and invest in new technologies, although specific financial projections were not disclosed during the call[137]. - The company has maintained its ability to continue as a going concern for the next 12 months[147].

Financial Performance - Revenue for Q1 2022 was CNY 50,275,246,475, a 0.40% increase compared to CNY 49,655,379,519 in the same period last year[5] - Net profit attributable to shareholders decreased by 16.57% to CNY 5,260,529,397 from CNY 6,300,000,000 in the previous year[5] - Net profit excluding non-recurring gains and losses fell by 23.05% to CNY 4,563,426,308 compared to CNY 5,900,000,000 in the same period last year[5] - Basic earnings per share decreased by 24.16% to CNY 0.113 from CNY 0.149 in the same period last year[5] - Net profit for the current period was CNY 3,225,086,681, down from CNY 6,535,551,687, reflecting a decrease of about 50.7%[18] - The total profit for the current period was CNY 4,267,737,305, compared to CNY 7,460,076,504 in the previous period, a decline of approximately 42.9%[18] - The company reported a decrease in comprehensive income total to CNY 3,197,120,027 from CNY 6,616,573,450, a drop of about 51.7%[18] Cash Flow - Operating cash flow increased by 1.31% to CNY 14,755,368,710 from CNY 14,522,832,708 in the previous year[5] - The cash inflow from operating activities for Q1 2022 was CNY 59.14 billion, an increase of 15.5% compared to CNY 50.99 billion in the same period last year[19] - The net cash flow from operating activities was CNY 14.76 billion, slightly up from CNY 14.57 billion year-on-year[19] - The cash outflow from investment activities totaled CNY 21.56 billion, down from CNY 26.07 billion in the previous year, resulting in a net cash flow from investment activities of -CNY 7.31 billion[20] - The cash inflow from financing activities was CNY 13.70 billion, compared to CNY 16.05 billion in the same period last year[20] - The net cash flow from financing activities was CNY 1.73 billion, a slight increase from CNY 1.70 billion year-on-year[20] - The total cash and cash equivalents at the end of Q1 2022 reached CNY 85.92 billion, up from CNY 65.79 billion at the end of Q1 2021[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 457,064,241,891, a 1.52% increase from CNY 449,726,980,355 at the end of the previous year[5] - Total current assets increased to ¥171,105,803,428.00 from ¥161,239,345,649.00, representing a growth of approximately 5.4%[14] - Total liabilities increased to ¥234,143,299,919.00 from ¥232,853,836,888.00, showing a slight increase of about 0.6%[15] - The company's total equity rose to ¥222,920,941,972.00 from ¥217,378,766,517.00, marking an increase of approximately 2.5%[16] Shareholder Activities - The company reported a total of 499,999,919 shares repurchased, accounting for approximately 1.3330% of A-shares and 1.3005% of total share capital, with a total payment of approximately 2.62 billion RMB[11] - The company has completed its share repurchase plan as per the established guidelines, achieving the maximum number of shares intended for repurchase[11] - The company issued a total of 3,650,377,019 new shares in a private placement, which was listed on August 20, 2021[11] - The company announced a coupon rate of 3.50% for the first phase of its 2022 public issuance of perpetual bonds, amounting to 2 billion RMB[11] Expenses - Sales expenses increased by 31% year-on-year due to market expansion efforts[8] - Financial expenses decreased by 34% year-on-year due to repayment of bank loans[8] - Research and development expenses rose to CNY 2,806,213,073, up from CNY 2,212,994,970, indicating a significant increase of approximately 26.8%[17] - Tax expenses decreased to CNY 1,042,650,624 from CNY 924,524,817, an increase of about 12.8%[18] Other Income - Other income increased by 73% year-on-year primarily due to an increase in government subsidies during the reporting period[8] - Other income rose significantly to CNY 1,094,340,931 from CNY 633,790,180, representing an increase of approximately 72.8%[17] - Investment income increased to CNY 117,605,433 from CNY 4,191,862, showing a substantial growth of approximately 2,703.5%[17]

Financial Performance - The company's revenue for Q3 2021 reached ¥55.99 billion, a 46.77% increase compared to ¥40.82 billion in the same period last year[4] - Net profit attributable to shareholders was ¥7.25 billion, up 441.14% from ¥1.34 billion year-on-year[4] - The net profit excluding non-recurring gains and losses was ¥6.94 billion, reflecting a 551.91% increase from ¥1.06 billion in the previous year[4] - The company's net profit for the year-to-date period increased by 708.43% compared to the same period last year[4] - Total revenue for the third quarter reached ¥163.28 billion, a significant increase from ¥94.90 billion in the same period last year, representing a growth of approximately 72%[18] - The company's net profit for Q3 2021 reached CNY 25.53 billion, a significant increase from CNY 1.51 billion in the same period last year, representing a growth of approximately 1,692%[20] - Operating profit surged to CNY 29.48 billion, compared to CNY 2.42 billion in Q3 2020, reflecting an increase of over 1,116%[20] - The basic earnings per share for Q3 2021 were CNY 0.56, compared to CNY 0.06 in Q3 2020, indicating a significant improvement in profitability per share[21] Cash Flow and Assets - Operating cash flow for the year-to-date period increased by 90.69% to ¥44.75 billion, compared to ¥23.47 billion last year[4] - The company's cash and cash equivalents increased to ¥85.68 billion from ¥73.69 billion, reflecting a growth of approximately 16%[16] - The net cash flow from operating activities for Q3 2021 was CNY 44.75 billion, an increase of 90.2% compared to CNY 23.47 billion in Q3 2020[23] - The total cash and cash equivalents at the end of Q3 2021 amounted to CNY 81.30 billion, an increase from CNY 55.80 billion at the end of Q3 2020, reflecting a growth of 45.7%[23] - The total assets of the company reached ¥453.87 billion, compared to ¥424.26 billion at the end of the previous year, reflecting an increase of approximately 7%[18] - The total liabilities decreased to ¥242.22 billion from ¥250.86 billion, indicating a reduction of about 3%[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 1,607,648, with the largest shareholder, Beijing State-owned Capital Operation Management Co., Ltd., holding 10.57% of shares[8] - Beijing State-owned Capital Operation Management Co., Ltd. holds 4,063,333,333 shares, while Hong Kong Central Clearing Limited holds 1,333,826,535 shares, representing 3.47% of the total[8] - The top ten shareholders collectively hold significant stakes, with the largest holding being 10.57% and the smallest in the top ten at 0.71%[8] Research and Development - The company's R&D expenses increased by 55% due to intensified research efforts[7] - Research and development expenses amounted to CNY 8.15 billion, up from CNY 5.25 billion year-over-year, indicating a 55% increase in investment in innovation[20] Strategic Initiatives - The company continues to explore market expansion opportunities and new product development as part of its growth strategy[12] - The company plans to raise up to 20 billion RMB through a private placement of A-shares to fund various projects, including acquiring a 24.06% stake in Wuhan BOE Optoelectronics and constructing a 6th generation AMOLED production line in Chongqing[13] - The company has initiated a project to invest in the IoT mobile display device production base, indicating a focus on expanding its product offerings[15] - The company has plans to enhance its healthcare services by increasing investment in the Chengdu BOE Hospital project[13] Legal and Operational Risks - The company is involved in ongoing litigation related to a contract dispute, indicating potential operational risks[12] - The company has recognized bad debt provisions for the lawsuit against LeEco, with the total claim amounting to approximately 41.84 million USD[13] - The company is involved in a lawsuit with LeEco, with the Beijing High Court ruling that LeEco must pay approximately 36.94 million USD in principal and interest[13] - The company has been listed as a dishonest executor due to the inability of LeEco to fulfill its financial obligations, impacting the company's receivables[13] Financial Ratios and Metrics - Total operating costs for the quarter were ¥132.73 billion, up from ¥92.76 billion year-over-year, indicating a rise of about 43%[18] - The total operating expenses increased to CNY 18.52 billion, up from CNY 12.09 billion year-over-year, reflecting a rise of approximately 53%[20] - The company achieved investment income of CNY 560.15 million, a notable increase from CNY 151.69 million in the previous year, representing a growth of about 269%[20]