THIRD QUARTERLY REPORT 2026
October 2026
BOE Technology Group Co., Ltd. Third Quarterly Report 2026
Stock Code: 000725 Stock Name: BOE-A Announcement No. 2026-087
Stock Code: 200725 Stock Name: BOE-B Announcement No. 2026-087
BOE TECHNOLOGY GROUP CO., LTD.
THIRD QUARTERLY REPORT 2026
BOE Technology Group Co., Ltd. (hereinafter referred to as the “Company”) and all the
members of the Company’s Board of Directors hereby guarantee that the contents of this
Report are true, accurate and complete and free of any misrepresentations, misleading
statements or material omissions.
Important Notes:
The Board of Directors (or the “Board”) as well as the directors and senior management of BOE Technology Group
Co., Ltd. (hereinafter referred to as the “Company”) hereby guarantee the factuality, accuracy and completeness of
the contents of this Report, and shall be jointly and severally liable for any misrepresentations, misleading
statements or material omissions therein.
All the Company’s directors have attended the Board meeting for the review of this Report.
Mr. Chen Yanshun, the Company’s legal representative, Mr. Feng Qiang, Chairman of the Executive Committee,
Ms. Yang Xiaoping, Chief Financial Officer, and Ms. Xu Yaxiao, head of the financial department (equivalent to
financial manager) hereby guarantee that the Financial Statements carried in this Report are factual, accurate and
complete.
This Report has been prepared in both Chinese and English. Should there be any discrepancies or misunderstandings
between the two versions, the Chinese version shall prevail.
The financial statements in this Report have not been audited by an independent auditor.
BOE Technology Group Co., Ltd. Third Quarterly Report 2026
I Key Financial Information
(I) Key Accounting Data and Financial Indicators
Indicate by tick mark whether there is any retrospectively restated datum in the table below.
□Yes No
YoY change
Item Q3 2026 YoY change (%) Q1-Q3 2026
(%)
Operating revenue (RMB) 48,676,524,908.00 -8.62% 151,808,907,767.00 -1.77%
Net profit attributable to the listed company’s
-996,347,420.00 -173.55% 4,251,312,657.00 -7.61%
shareholders (RMB)
Net profit attributable to the listed company’s
shareholders before exceptional items (RMB)
Net cash generated from/used in operating
— — 32,211,637,855.00 -12.41%
activities (RMB)
Basic earnings per share (RMB/share) -0.03 -175.00% 0.11 -8.33%
Diluted earnings per share (RMB/share) -0.03 -175.00% 0.11 -8.33%
Weighted average return on equity (%) -0.74% -171.15% 3.14% -9.25%
Item 30 September 2026 31 December 2025 Change (%)
Total assets (RMB) 425,610,492,521.00 436,378,322,803.00 -2.47%
Equity attributable to the listed company’s
shareholders (RMB)
(II) Exceptional Gains and Losses
Applicable □ Not applicable
Unit: RMB
Item Q3 2026 Q1-Q3 2026 Note
Gain or loss on disposal of non-current assets (inclusive of impairment
-291,675.00 6,794,692.00 N/A
allowance write-offs)
Government grants recognized in profit or loss (exclusive of those that
are closely related to the Company's normal business operations and
given in accordance with defined criteria and in compliance with 64,582,829.00 865,509,338.00 N/A
government policies, and have a continuing impact on the Company's
profit or loss)
Gain or loss on fair-value changes in financial assets and liabilities held
by a non-financial enterprise, as well as on disposal of financial assets
-1,440,137,206.00 1,009,447,744.00 N/A
and liabilities (exclusive of the effective portion of hedges that is
related to the Company's normal business operations)
Capital occupation charges on non-financial enterprises that are
charged to current gains and losses
Gains and losses on investment or asset management entrustments to
other entities
Gains and losses on loan entrustment 0.00 0.00 N/A
Allowance for asset impairments due to acts of God such as natural
disasters
Reversed portion of impairment allowance for accounts receivable
which are tested individually for impairment
Income equal to the amount by which investment costs for the
Company to obtain subsidiaries, associates and joint ventures are lower 0.00 0.00 N/A
than the Company’s enjoyable fair value of identifiable net assets of
BOE Technology Group Co., Ltd. Third Quarterly Report 2026
investees when making investments
Current gains and losses on subsidiaries acquired through business
mergers under same control from period-beginning to merger dates, net
Gains and losses on non-monetary asset swap 0.00 0.00 N/A
Gains and losses on debt restructuring 0.00 0.00 N/A
One-off costs incurred by the Company as a result of discontinued
operations, such as expenses for employee arrangements
One-time effect on profit or loss due to adjustments in tax, accounting
and other laws and regulations
One-time share-based payments recognized due to cancellation and
modification of equity incentive plans
Gain or loss on changes in the fair value of employee benefits payable
after the vesting date for cash-settled share-based payments
Gain or loss on fair-value changes in investment property of which
subsequent measurement is carried out using the fair value method
Income from transactions with distinctly unfair prices 0.00 0.00 N/A
Gain or loss on contingencies that are unrelated to the Company's
normal business operations
Income from charges on entrusted management 0.00 0.00 N/A
Non-operating income and expense other than the above 13,324,427.00 19,482,343.00 N/A
Other gains and losses that meet the definition of exceptional gain/loss 0.00 0.00 N/A
Less: Income tax effects -341,280,429.00 310,244,970.00 N/A
Non-controlling interests effects (net of tax) 8,191,660.00 383,983,206.00 N/A
Total -1,028,407,195.00 1,211,001,026.00 --
Other items that meet the definition of exceptional gain/loss:
□ Applicable Not applicable
No such cases in the Reporting Period.
Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item listed in the Explanatory Announcement No.
□ Applicable Not applicable
No such cases in the Reporting Period.
(III) Changes in Key Financial Statement Line Items and Explanation of why
Applicable □ Not applicable
Changes in key line items of the income statement and explanation of why:
the Reporting Period.
investment recognized from associates during the Reporting Period.
changes of financial assets held by the Company during the Reporting Period.
Changes in key line items of the cash flow statement and explanation of why:
increase in cash used in other financing activities during the Reporting Period.
BOE Technology Group Co., Ltd. Third Quarterly Report 2026
increase in cash used in other financing activities during the Reporting Period.
(IV) Analysis of Operations
Since the third quarter of 2026, the storage shortage and price hikes have continued to disrupt the consumer electronics industry. These
cost pressures have been passed on to end consumers, triggering a sharp year-on-year and quarter-on-quarter decline in sales volumes
for certain products amid higher selling prices. Shipments of small-to-medium-sized display products have come under notable pressure.
In addition, affected by capital market volatility, investment-related gains have also weighed on the quarterly results. The detailed
analysis is set out below:
For LCDs, data from consulting firms show that global shipments of small-to-medium-sized IT display products such as notebook
computers (NB) and tablet PCs (TPC) declined by more than double digits year-on-year in the third quarter, while shipments of NB
display products fell by approximately 20% quarter-on-quarter. Global shipments of large-to-medium-sized display products including
televisions (TV) and desktop monitors (MNT) posted modest drops year-on-year. Against the industry-wide backdrop of production-
to-order arrangements, LCD prices remained relatively stable, lending some support to the relevant businesses. Overall, the profitability
contribution from the Company’s small-to-medium-sized LCD segment declined to a certain extent in the third quarter, whereas that
from the large-to-medium-sized LCD segment stayed relatively steady. Going forward, the Company will continue to implement
production-to-order arrangements, seize opportunities for large-size migration and high-end upgrading, and accelerate the rollout of
signature technology upgrades including RGBX, UB Cell, Super Oxide and natural-light display to boost product value.
For flexible AMOLEDs, data from consulting firms indicate that amid a sharp drop in demand, shipments by domestic AMOLED
manufacturers fell by more than 20% year-on-year and around 10% quarter-on-quarter in the third quarter. Coupled with continuous
declines in product prices, the Company’s related business faced substantial operating pressure, which exerted a material adverse
impact on the Company’s overall performance. Going forward, the Company will continue to deepen technical cooperation and
customized development with brand customers, raise the shipment proportion of high-end products such as foldable panels and LTPO
panels to optimize its product mix, and proactively navigate industry headwinds.
In recent years, the Company has consistently focused on coordinated development across the industrial chain and strengthened
cooperation with industrial chain partners through various means including equity investments. Affected by volatility in the capital
market in the third quarter, investment-related gains within the Company’s exceptional items posted a substantial loss. Going forward,
the Company will adhere to its industrial investment philosophy, strengthen risk control, and respond to market fluctuations.
II Shareholder Information
(I) Numbers of Ordinary Shareholders and Preference Shareholders with Resumed Voting Rights as well as
Holdings of Top 10 Shareholders
Unit: share
Number of ordinary shareholders at the period-
end
Top 10 shareholders (exclusive of shares lent in refinancing)
Shareho Shares in pledge, marked or
Nature of lding Total shares Restricted frozen
Name of shareholder
shareholder percenta held shares
Status Shares
ge
Beijing State-owned Capital Operation and State-owned
Management Company Limited legal person
BOE Technology Group Co., Ltd. Third Quarterly Report 2026
Overseas legal
Hong Kong Securities Clearing Company Ltd. 5.30% 1,963,227,742 0 N/A 0
person
State-owned
Beijing Electronics Holdings Co., Ltd. 3.08% 1,140,827,763 0 N/A 0
legal person
Beijing Jing Guorui SOE Reform and
Other 1.94% 718,132,854 0 N/A 0
Development Fund (L.P.)
Domestic
non-state-
Fuqing Huirong Venture Capital Co., Ltd. 1.45% 538,599,640 0 In pledge 217,000,000
owned legal
person
China Life Insurance Company Limited –
Traditional – General Insurance Product – 005L Other 0.64% 238,111,109 0 N/A 0
– CT001 (Shanghai)
Overseas
Xu Lili 0.47% 174,551,900 0 N/A 0
natural person
National Social Security Fund – Portfolio 111 Other 0.42% 155,098,200 0 N/A 0
Industrial and Commercial Bank of China Co.,
Ltd.- Huatai-Pinebridge CSI 300 Exchange- Other 0.41% 152,644,747 0 N/A 0
Traded Fund
Domestic
Cai Min 0.41% 150,058,006 0 N/A 0
natural person
Top 10 unrestricted shareholders (exclusive of shares lent in refinancing and locked shares of executives)
Shares by class
Name of shareholder Unrestricted shares held
Class Shares
Beijing State-owned Capital Operation and RMB ordinary
Management Company Limited share
RMB ordinary
Hong Kong Securities Clearing Company Ltd. 1,963,227,742 1,963,227,742
share
RMB ordinary
Beijing Electronics Holdings Co., Ltd. 1,140,827,763 1,140,827,763
share
Beijing Jing Guorui SOE Reform and RMB ordinary
Development Fund (L.P.) share
RMB ordinary
Fuqing Huirong Venture Capital Co., Ltd. 538,599,640 538,599,640
share
China Life Insurance Company Limited –
RMB ordinary
Traditional – General Insurance Product – 005L 238,111,109 238,111,109
share
– CT001 (Shanghai)
RMB ordinary
Xu Lili 174,551,900 174,551,900
share
RMB ordinary
National Social Security Fund – Portfolio 111 155,098,200 155,098,200
share
Industrial and Commercial Bank of China Co.,
RMB ordinary
Ltd.- Huatai-Pinebridge CSI 300 Exchange- 152,644,747 152,644,747
share
Traded Fund
RMB ordinary
Cai Min 150,058,006 150,058,006
share
equity interest in Beijing Electronics Holdings Co., Ltd.
Capital Operation and Management Company Limited entrusted 70% of the shares it
directly held in the Company to Beijing Electronics Holdings Co., Ltd. for management
Related or acting-in-concert parties among the
pursuant to the Share Management Agreement. Beijing Electronics Holdings Co., Ltd.
shareholders above
obtained the shareholder rights attached to such shares, excluding the right of disposal and
the right to income. Pursuant to the Voting Right Exercise Agreement, Beijing State-owned
Capital Operation and Management Company Limited agreed that, when exercising
shareholder voting rights in respect of the remaining 30% of shares it directly held, its
voting shall be aligned with that of Beijing Electronics Holdings Co., Ltd.
BOE Technology Group Co., Ltd. Third Quarterly Report 2026
Development Fund (L.P.) entered into a Concerted Action Agreement with Beijing
Electronics Holdings Co., Ltd.
held 100% equities of Beijing Jingguorui Investment Management Co., Ltd. and directly
held 77.5918% shares of Beijing Jing Guorui Soe Reform and Development Fund (L.P.);
Beijing Jingguorui Investment Management Co., Ltd. is the general partner of Beijing Jing
Guorui Soe Reform and Development Fund (L.P.). In addition, among the nine members
of the Investment Decision-Making Committee of Beijing Jing Guorui Soe Reform and
Development Fund (L.P.), three are nominated by Beijing State-owned Capital Operation
and Management Company Limited.
or acting-in-concert party among the top 10 shareholders.
CITIC Securities Company Limited of collateral securities for margin trading, and
Top 10 shareholders involved in securities shareholder Cai Min holds 150,000,006 Company shares through a client account at Ping
margin trading (if any) An Securities Co., Ltd. of collateral securities for margin trading.
margin trading as at the end of the Reporting Period.
□ Applicable Not applicable
Changes in top 10 shareholders and top 10 unrestricted shareholders due to refinancing shares lending/return compared with the prior
period
□ Applicable Not applicable
(II) Number of Preference Shareholders and Shareholdings of Top 10 of Them
□ Applicable Not applicable
III Other Significant Events
Applicable □ Not applicable
April 2026 reviewed and approved the Proposal on the Repurchase of Part of the Company’s Public Shares (A-Shares) and the Proposal
on the Repurchase of the Company’s Domestically Listed Foreign Shares (B-Shares). The Company plans to use self-pooled funds to
repurchase part of its public A-shares and domestically listed foreign B-shares, which will be cancelled to reduce the Company’s
registered capital, so as to implement the Three-Year Shareholder Return Plan (2025–2027). The Company disclosed the Progress
Announcement on Share Repurchase (Announcement No.: 2026-084) on 8 October 2026. As at 30 September 2026, the Company
repurchased its A-shares via centralized bidding through a special securities account for share repurchase. The total number of A-shares
repurchased amounted to 94,392,600 shares, representing approximately 0.2597% of the Company ’ s total A-shares and
approximately 0.2548% of the Company’s total share capital. The highest transaction price was RMB5.94 per share and the lowest
transaction price was RMB5.63 per share. The total amount paid was RMB549,930,660.18 (excluding transaction fees). The total
number of B-shares repurchased amounted to 88,686,743 shares, representing approximately 12.7996% of the Company’s total B-
shares and approximately 0.2394% of the Company’s total share capital. The highest transaction price was HKD4.81 per share and
the lowest transaction price was HKD4.23 per share. The total amount paid was HKD410,718,906.27 (excluding transaction fees). This
share repurchase complies with relevant laws and regulations as well as the approved share repurchase plan of the Company.
reaching the statutory retirement age, Mr. Ye Feng has applied to resign from his positions as a Director of the Company and relevant
positions on special committees of the Board of Directors. Upon resignation, he will no longer hold any positions in the Company and
BOE Technology Group Co., Ltd. Third Quarterly Report 2026
its controlled subsidiaries. The Company disclosed the Announcement on Resignation of Director (Announcement No. 2026‑071) on
relevant positions on special committees of the Board of Directors. Upon resignation, he will no longer hold any positions in the
Company and its controlled subsidiaries. The Company disclosed the Announcement on the Resolutions of the First Extraordinary
Meeting of Shareholders in 2026 (Announcement No. 2026-083) on 18 September 2026, at which the Proposal on Electing
Non‑independent Directors of the 11th Board of Directors of the Company was reviewed and approved. Mr. Shi Xiaodong and Ms.
Sun Jing were elected as non-independent directors of the Company’s 11th Board of Directors.
Company (Announcement No.: 2026-068) on 29 July 2026. Beijing Electronics Holdings Co., Ltd. (BEHC), the controlling shareholder
and actual controller of the Company, intends to purchase part of the Company’s tradable A-shares through centralized bidding via the
trading system of the Shenzhen Stock Exchange using its own and self-raised funds. The amount of the share purchase shall be no less
than RMB500,000,000 and no more than RMB1,000,000,000. During the period from 29 July 2026 to 13 October 2026, BEHC has
cumulatively purchased 186,120,000 shares of the Company through centralized bidding via the trading system of the Shenzhen Stock
Exchange, accounting for 0.50% of the Company’s current total share capital, with a total investment of RMB999,777,764.30
(excluding transaction fees). The aforesaid share purchase complies with the approved share increase plan, and the share increase plan
has been completed.
(Announcement No. 2026-070) on 8 August 2026. Beijing Electronics Holdings Co., Ltd. carried out a merger by absorption of its
wholly-owned subsidiary, Beijing BOE Investment & Development Co., Ltd. A total of 822,092,180 shares of the Company held by
Beijing BOE Investment & Development Co., Ltd. (representing 2.22% of the Company’s total share capital) have been transferred to
Beijing Electronics Holdings Co., Ltd., and Beijing BOE Investment & Development Co., Ltd. no longer holds any shares in the
Company.
on 17 October 2026. On 16 October 2026, the Company received notice from its controlling shareholder and actual controller, Beijing
Electronics Holdings Co., Ltd. (BEHC), stating that BEHC had received the Notice of the Beijing Municipal State-owned Assets
Supervision and Administration Commission (SASAC) on the Optimization and Adjustment of Equity of BOE Technology Group Co.,
Ltd. SASAC resolved to optimize and adjust the Company’s equity by way of free transfer of 4,063,333,333 A-shares of the Company
held by Beijing State-owned Capital Operation and Management Company Limited (BSCO) to BEHC. Following this free share
transfer, BSCO will no longer hold any shares in the Company. BEHC remains the Company’s controlling shareholder and actual
controller, and will directly hold 5,345,281,096 shares of the Company, representing 14.43% of the Company’s total share capital. Its
voting interest in the Company will increase to 16.37%.
IV Quarterly Financial Statements
(I) Financial Statements
Prepared by BOE Technology Group Co., Ltd.
Unit: RMB
Item 30 September 2026 1 January 2026
Current assets:
Monetary assets 63,383,175,796.00 72,222,940,175.00
Settlement reserve 0.00 0.00
Loans to other banks and financial institutions 0.00 0.00
Held-for-trading financial assets 4,954,038,793.00 1,670,548,730.00
BOE Technology Group Co., Ltd. Third Quarterly Report 2026
Derivative financial assets 0.00 0.00
Notes receivable 505,874,640.00 514,647,075.00
Accounts receivable 33,151,684,691.00 32,293,002,623.00
Receivables financing 975,404,308.00 585,672,349.00
Prepayments 1,049,643,219.00 810,701,464.00
Premiums receivable 0.00 0.00
Reinsurance receivables 0.00 0.00
Receivable reinsurance contract reserve 0.00 0.00
Other receivables 629,904,828.00 822,793,900.00
Including: Interest receivable 0.00 0.00
Dividends receivable 10,449,359.00 177,912,109.00
Financial assets purchased under resale agreements 0.00 0.00
Inventories 29,491,482,359.00 27,748,526,136.00
Including: Data resource 0.00 0.00
Contract assets 522,617,231.00 393,081,902.00
Assets held for sale 0.00 0.00
Current portion of non-current assets 0.00 4,081,560.00
Other current assets 4,773,243,885.00 4,809,821,866.00
Total current assets 139,437,069,750.00 141,875,817,780.00
Non-current assets:
Loans and advances to customers 0.00 0.00
Debt investments 0.00 0.00
Other debt investments 0.00 0.00
Long-term receivables 0.00 0.00
Long-term equity investments 18,735,272,066.00 18,636,209,565.00
Investments in other equity instruments 434,370,043.00 536,217,192.00
Other non-current financial assets 1,440,535,665.00 2,874,055,003.00
Investment property 2,269,478,349.00 2,146,616,904.00
Fixed assets 168,646,816,497.00 186,299,299,142.00
Construction in progress 59,943,521,290.00 52,943,124,120.00
Productive living assets 0.00 0.00
Oil and gas assets 0.00 0.00
Right-of-use assets 744,619,555.00 807,290,109.00
Intangible assets 12,094,464,724.00 12,797,518,195.00
Including: Data resource 0.00 0.00
Development costs 123,375,315.00 123,706,247.00
Including: Data resource 0.00 0.00
Goodwill 653,575,022.00 653,575,022.00
Long-term prepaid expense 641,688,148.00 599,601,573.00
Deferred income tax assets 942,087,350.00 854,033,038.00
Other non-current assets 19,503,618,747.00 15,231,258,913.00
Total non-current assets 286,173,422,771.00 294,502,505,023.00
Total assets 425,610,492,521.00 436,378,322,803.00
Current liabilities:
Short-term borrowings 4,249,723,848.00 3,655,021,437.00
Borrowings from the central bank 0.00 0.00
Loans from other banks and financial institutions 0.00 0.00
Held-for-trading financial liabilities 0.00 0.00
Derivative financial liabilities 0.00 0.00
Notes payable 2,426,317,496.00 1,380,128,604.00
Accounts payable 38,596,942,345.00 37,242,292,283.00
Advances from customers 158,984,960.00 77,763,054.00
Contract liabilities 2,624,010,009.00 2,223,451,538.00
Financial assets sold under repurchase agreements 0.00 0.00
Customer deposits and deposits from other banks and financial
institutions
BOE Technology Group Co., Ltd. Third Quarterly Report 2026
Payables for acting trading of securities 0.00 0.00
Payables for underwriting of securities 0.00 0.00
Employee benefits payable 3,537,911,945.00 3,584,824,383.00
Taxes and levies payable 1,351,048,432.00 1,319,215,532.00
Other payables 19,922,143,652.00 20,889,438,382.00
Including: Interest payable 0.00 0.00
Dividends payable 31,102,866.00 40,884,271.00
Fees and commissions payable 0.00 0.00
Reinsurance payables 0.00 0.00
Liabilities directly associated with assets held for sale 0.00 0.00
Current portion of non-current liabilities 30,253,032,868.00 26,670,312,919.00
Other current liabilities 4,405,392,673.00 4,349,146,900.00
Total current liabilities 107,525,508,228.00 101,391,595,032.00
Non-current liabilities:
Insurance contract reserve 0.00 0.00
Long-term borrowings 92,418,698,826.00 101,576,573,473.00
Bonds payable 12,968,596,885.00 10,968,768,052.00
Including: Preference shares 0.00 0.00
Perpetual bonds 0.00 0.00
Lease liabilities 651,845,295.00 687,762,666.00
Long-term payables 2,178,584,207.00 2,348,036,273.00
Long-term employee benefits payable 0.00 0.00
Provisions 0.00 0.00
Deferred income 6,511,439,300.00 6,798,033,210.00
Deferred income tax liabilities 1,333,844,528.00 1,134,894,697.00
Other non-current liabilities 3,111,233,265.00 3,996,902,667.00
Total non-current liabilities 119,174,242,306.00 127,510,971,038.00
Total liabilities 226,699,750,534.00 228,902,566,070.00
Owners’ equity:
Share capital 37,044,328,064.00 37,413,880,464.00
Other equity instruments 0.00 0.00
Including: Preference shares 0.00 0.00
Perpetual bonds 0.00 0.00
Capital reserves 48,904,855,526.00 51,859,961,722.00
Less: Treasury stock 3,017,524,704.00 1,499,835,264.00
Other comprehensive income -1,032,414,082.00 -766,570,036.00
Specific reserve 265,195,486.00 207,330,489.00
Surplus reserves 4,035,941,610.00 4,035,830,324.00
General reserve 0.00 0.00
Retained earnings 45,390,101,955.00 43,228,031,107.00
Total equity attributable to owners of the parent company 131,590,483,855.00 134,478,628,806.00
Non-controlling interests 67,320,258,132.00 72,997,127,927.00
Total owners’ equity 198,910,741,987.00 207,475,756,733.00
Total liabilities and owners’ equity 425,610,492,521.00 436,378,322,803.00
Legal representative: Chen Yanshun Chairman of the Executive Committee: Feng Qiang
Chief Financial Officer: Yang Xiaoping Head of the Company’s Financial Department: Xu Yaxiao
Unit: RMB
Item Q1~Q3 2026 Q1~Q3 2025
Including: Operating revenue 151,808,907,767.00 154,547,999,525.00
BOE Technology Group Co., Ltd. Third Quarterly Report 2026
Interest revenue 0.00 0.00
Insurance premium income 0.00 0.00
Fee and commission income 0.00 0.00
Including: Cost of sales 128,627,667,758.00 132,266,891,686.00
Interest costs 0.00 0.00
Fee and commission expense 0.00 0.00
Surrenders 0.00 0.00
Net insurance claims paid 0.00 0.00
Net amount provided as insurance contract reserve 0.00 0.00
Expenditure on policy dividends 0.00 0.00
Reinsurance premium expense 0.00 0.00
Taxes and levies 1,112,844,184.00 1,076,171,073.00
Selling expense 1,537,598,174.00 1,367,912,773.00
Administrative expense 4,563,038,366.00 4,426,439,285.00
R&D expense 10,504,929,245.00 9,560,125,776.00
Finance costs 2,456,833,496.00 1,234,441,316.00
Including: Interest costs 2,220,736,119.00 2,488,576,089.00
Interest revenue 1,120,552,097.00 1,398,667,769.00
Add: Other income 2,337,229,861.00 2,121,443,629.00
Return on investment (“-” for loss) 1,061,227,137.00 584,572,416.00
Including: Share of profit or loss of joint ventures and
associates
Income from the derecognition of financial
assets at amortized cost (“-” for loss)
Exchange gain (“-” for loss) 0.00 0.00
Net gain on exposure hedges (“-” for loss) 0.00 0.00
Gain on changes in fair value (“-” for loss) 867,676,393.00 156,413,122.00
Credit impairment loss (“-” for loss) -18,204,528.00 -79,632,190.00
Asset impairment loss (“-” for loss) -1,704,775,823.00 -1,877,779,491.00
Asset disposal income (“-” for loss) 10,077,104.00 29,660,155.00
Add: Non-operating income 35,541,021.00 434,400,007.00
Less: Non-operating expense 19,287,079.00 24,429,123.00
Less: Income tax expense 2,192,279,422.00 1,555,987,842.00
loss)
(“-” for net loss) 4,251,312,657.00 4,601,497,094.00
-868,111,449.00 -196,818,795.00
for net loss)
Attributable to owners of the parent company -291,841,577.00 284,948,385.00
benefit schemes
-62,899,274.00 22,548,650.00
reclassified to profit or loss under the equity method
-62,679,889.00 47,934,953.00
equity instruments
own credit risk
BOE Technology Group Co., Ltd. Third Quarterly Report 2026
-77,843.00 30,244,269.00
reclassified to profit or loss under the equity method
reclassification of financial assets
investments
-166,184,571.00 184,220,513.00
currency-denominated financial statements
Attributable to non-controlling interests -41,293,978.00 3,366,042.00
Where business combinations under common control occurred in the current period, the net profit achieved by the acquirees before the
combinations was RMB0.00, with the amount for the same period of last year being RMB0.00.
Legal representative: Chen Yanshun Chairman of the Executive Committee: Feng Qiang
Chief Financial Officer: Yang Xiaoping Head of the Company’s Financial Department: Xu Yaxiao
Unit: RMB
Item Q1~Q3 2026 Q1~Q3 2025
Proceeds from sale of commodities and rendering of services 160,708,511,903.00 162,913,530,442.00
Net increase in customer deposits and deposits from other banks
and financial institutions
Net increase in borrowings from the central bank 0.00 0.00
Net increase in loans from other financial institutions 0.00 0.00
Premiums received on original insurance contracts 0.00 0.00
Net proceeds from reinsurance 0.00 0.00
Net increase in deposits and investments of policy holders 0.00 0.00
Interest, fees and commissions received 0.00 0.00
Net increase in loans from other banks and financial institutions 0.00 0.00
Net increase in proceeds from repurchase transactions 0.00 0.00
Net proceeds from acting trading of securities 0.00 0.00
Tax and levy rebates 8,842,801,085.00 8,278,853,221.00
Cash generated from other operating activities 3,528,540,625.00 6,686,338,067.00
Subtotal of cash generated from operating activities 173,079,853,613.00 177,878,721,730.00
Payments for commodities and services 116,296,469,412.00 116,323,701,695.00
Net increase in loans and advances to customers 0.00 0.00
Net increase in deposits in the central bank and other banks and
financial institutions
Payments for claims on original insurance contracts 0.00 0.00
Net increase in loans to other banks and financial institutions 0.00 0.00
Interest, fees and commissions paid 0.00 0.00
Policy dividends paid 0.00 0.00
Cash paid to and for employees 16,007,923,898.00 16,430,825,707.00
Taxes and levies paid 4,869,031,413.00 4,602,965,436.00
Cash used in other operating activities 3,694,791,035.00 3,746,610,629.00
Subtotal of cash used in operating activities 140,868,215,758.00 141,104,103,467.00
Net cash generated from/used in operating activities 32,211,637,855.00 36,774,618,263.00
BOE Technology Group Co., Ltd. Third Quarterly Report 2026
Proceeds from disinvestment 20,405,130,401.00 31,918,245,508.00
Return on investment 1,209,217,722.00 1,026,331,233.00
Net proceeds from the disposal of fixed assets, intangible assets
and other long-lived assets
Net proceeds from the disposal of subsidiaries and other
business units
Cash generated from other investing activities 271,912,614.00 194,395,484.00
Subtotal of cash generated from investing activities 21,901,167,134.00 33,156,896,560.00
Payments for the acquisition of fixed assets, intangible assets
and other long-lived assets
Payments for investments 25,339,515,348.00 34,570,099,884.00
Net increase in pledged loans granted 0.00 0.00
Net payments for the acquisition of subsidiaries and other
business units
Cash used in other investing activities 150,136,989.00 228,735,845.00
Subtotal of cash used in investing activities 46,854,443,175.00 64,830,565,419.00
Net cash generated from/used in investing activities -24,953,276,041.00 -31,673,668,859.00
Capital contributions received 2,549,742,504.00 5,061,118,800.00
Including: Capital contributions by non-controlling interests
to subsidiaries
Borrowings received 27,180,895,853.00 44,103,248,864.00
Cash generated from other financing activities 2,086,810,732.00 205,925,191.00
Subtotal of cash generated from financing activities 31,817,449,089.00 49,370,292,855.00
Repayment of borrowings 29,700,279,686.00 46,775,467,838.00
Interest and dividends paid 4,747,663,198.00 5,154,710,034.00
Including: Dividends paid by subsidiaries to non-controlling
interests
Cash used in other financing activities 13,107,785,901.00 8,284,714,451.00
Subtotal of cash used in financing activities 47,555,728,785.00 60,214,892,323.00
Net cash generated from/used in financing activities -15,738,279,696.00 -10,844,599,468.00
-1,087,626,529.00 -158,362,448.00
equivalents
Add: Cash and cash equivalents, beginning of the period 58,211,295,777.00 62,005,252,511.00
(II) Adjustments to Financial Statement Items at the Beginning of the Year of the First Implementation of
the New Accounting Standards Implemented since 2026
□ Applicable Not applicable
(III) Independent Auditor’s Report
Indicate by tick mark whether the financial statements above have been audited by an independent auditor.
□Yes No
These financial statements have not been audited by such an auditor.
The Board of Directors
BOE Technology Group Co., Ltd.
