京东方Ｂ：第三季度报告正文（英文版） .ppt

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1、,1,-,-,-,-,Report for the third quarterly of 2011 of BOE Technology Group Co.,Ltd.,Stock code:200725,Short form of stock:BOE B,Announcement No.:2011-036,BOE TECHNOLOGY GROUP CO.,LTD.THE THIRD QUARTERLY REPORT 2011 Important Notice1.1 The Board of Directors,the Supervisory Committee,directors,supervi

2、sors andother senior management personnel of BOE Technology Group Co.,Ltd.(hereinafterreferred to as the Company)hereby guarantee that this report carries no falseinformation,misleading statements or major omissions,and accept,individually andcollectively,the responsibility for the factuality,accura

3、cy and completeness of theinformation set forth herein.1.2 The Financial Report in this quarterly report has not been audited by a CPA firm.1.3 Mr.Wang Dongsheng and Mr.Chen Yanshun,Person-in-charge of the Company,Ms.Sun Yun,Person-in-charge of the accounting work,and Ms.Yang Xiaoping,Person-in-char

4、ge of the accounting organ(Financial manager)hereby confirm thefactuality and completeness of the Financial Report in this quarterly report.2.Company Profile2.1 Main accounting data and financial indexesUnit:RMB Yuan,As at 30 Sept.2011,As at 31 Dec.2010,Increase/decrease(%),Total assets(Yuan)Owners

5、equity attributable toshareholders of listed company(Yuan)Share capital(Share),64,956,153,690.0022,743,662,796.0013,521,542,341.00,54,229,952,769.0024,955,013,046.0011,267,951,951.00,19.78%-8.86%20.00%,Net assets per share attributable to,shareholders of listed company(Yuan,1.68,2.21,-23.98%,/share)

6、,Jul.-Sept.2011,Increase/decrease year-on-year(%),Jan.-Sept.2011,Increase/decreaseyear-on-year(%),Total operation income(Yuan)Net profit attributable to shareholdersof listed company(Yuan)Net cash flows generated fromoperating activities(Yuan)Net cash flows per share generatedfrom operating activiti

7、es(Yuan/share)Basic earnings per share(Yuan/share)Diluted earnings per share(Yuan/share)Weighted average return on net assets(%),3,574,602,557.00-927,604,124.00-0.07-0.07-3.99%,77.34%-106.99%-40.00%-40.00%-1.39%,8,514,636,554.00-2,143,088,601.00-1,045,906,306.00-0.08-0.16-0.16-8.99%,37.29%-116.73%-3

8、09.48%-166.67%-33.33%-33.33%-3.34%,Weighted average return on net assets,after deducting non-recurring gains,-4.18%,-1.46%,-9.40%,-3.52%,and losses(%)Items of non-recurring gains and losses,Applicable,Inapplicable,Unit:RMB Yuan,Items of non-recurring gains and lossesGains and losses from disposal of

9、 non-current assetsGovernment subsidies measured into the current periodgains and losses,excluding those government subsidiesclosely related to the Companys normal business that the,Amount9,061,219.0082,728,932.00,Notes(If applicable),Company enjoyed continually at the certain standard rating1,-,&,R

10、eport for the third quarterly of 2011 of BOE Technology Group Co.,Ltd.and in conformity with provisions of policies of the State,Impairment reserves reversal of account receivablesindividually taking the impairment testsGains and losses on change in fair value from tradablefinancial assets and trada

11、ble financial liabilities,as well asinvestment income from disposal of tradable financialassets and tradable financial liabilities and financial assetsavailable for sales except for effective hedging relatedwith normal businesses of the CompanyOther non-operating income and expenses besides theabove

12、 itemsEffect on income taxEffect on minority interestsTotal,3,000.00-8,670,137.0017,389,689.00-330,116.00-1,249,536.0098,933,051.00,2.2 Total number of shareholders and shareholding of top ten shareholders holdingtradable sharesUnit:share,Total number of shareholders,465,373 shareholders(including 4

13、24,819 A-share holders and40,554 B-share holders),Shareholding of top ten shareholders holding tradable shares,Full name of shareholder,Number of tradable shares heldat period-end,Type of share,BEIJING BOE INVESTMENTDEVELOPMENT CO.,LTD.BEIJING E-TOWN INTERNATIONALINVESTMENT&DEVELOPMENT CO.,LTD.BEIJI

14、NG ELECTRONICS HOLDING CO.,LTD.KE XIPINGBEIJING INDUSTRY DEVELOPMENT&INVESTMENT MANAGEMENT CO.,LTD.,860,981,080 RMB ordinary shares700,000,001 RMB ordinary shares275,303,883 RMB ordinary shares254,000,000 RMB ordinary shares46,016,711 RMB ordinary shares,CITI(NOMINEES)LIMITEDHUANG YINGBIN,43,661,561

15、43,171,594,Domestically listed foreignsharesDomestically listed foreignshares,CHENGDU HI-TECH INVESTMENT GROUPLTD.CHENGDU INDUSTRY INVESTMENTGROUP CO.,LTD.,40,765,635 RMB ordinary shares39,706,497 RMB ordinary shares,UBS CUSTODY SERVICES SINGAPORE PTE.LTD,33,362,328,Domestically listed foreignshares

16、,3.Significant events3.1 Particulars about large-margin changes in main items of accounting statementsand financial indexes,as well as reasons for the changes,Applicable,Inapplicable,1.Transactional financial assets decreased 100%over the end of last year,which wasmainly because some forward foreign

17、 exchange contracts signed last year to avoid anyforeign currency exchange risk that might be incurred by exchange rate fluctuationswere settled in the reporting period.2.Account receivables increased 65%over the end of last year,which was mainlybecause receivables from customers due to products sol

18、d to them increased after thenew projects realized mass production.3.Prepayments increased 154%over the end of last year,which was mainly becauseprepayments for purchases increased in the reporting period.4.Interest receivable increased 50%over the end of last year,which was mainlybecause monetary f

19、unds increased due to the private A-share issue carried out by the2,Report for the third quarterly of 2011 of BOE Technology Group Co.,Ltd.,Company last year.,5.Other receivables decreased 55%over the end of last year,which was mainlybecause the VAT export rebates receivable last year were received

20、by the Company inthe reporting period.,6.Inventory increased 42%over the end of last year,which was mainly because thenew projects realized mass production.,7.Other current assets increased 286%over the end of last year,which was mainlybecause the overpaid VAT increased in the reporting period.,8.Av

21、ailable-for-sale financial assets decreased 38%over the end of last year,whichwas mainly because the fair values of available-for-sale financial assets dropped in thereporting period.,9.Construction in process increased 121%over the end of last year,which was mainlybecause some projects were still i

22、n the construction period and the expenses onconstruction and equipment purchases increased accordingly.,10.Short-term borrowings increased 84%over the end of last year,which was mainlybecause some foreign-currency borrowings were obtained for the projects still in theconstruction period.,11.Account

23、s payable increased 41%over the end of last year,which was mainlybecause payables to suppliers increased.,12.Accounts received in advance increased 154%over the end of last year,which wasmainly because advances from customers increased.,13.Interest payable increased 63%over the end of last year,whic

24、h was mainly due tomore borrowings.,14.Non-current liabilities due within one year increased 276%over the end of lastyear,which was mainly because some long-term borrowings became due within oneyear.,15.Long-term borrowings increased 88%over the end of last year,which was mainlydue to more borrowing

25、s for the new projects.,16.Operating revenues increased 37%over the same period of last year,which wasmainly because the new production lines were finished and put into operation,generating more sales incomes.,17.Operating cost increased 48%over the same period of last year,which was mainlybecause t

26、he new production lines were finished and put into operation and theoperating cost increased along with the growth of operating revenues.,18.Selling expense increased 80%over the same period of last year,which was mainlybecause the new production lines were finished and put into operation and thecon

27、solidation scope expanded.,19.Financial expense increased 227%over the same period of last year,which wasmainly because the interest expense increased in the reporting period.,20.Asset impairment loss increased 265%over the same period of last year,which wasmainly because some provisions were made f

28、or inventories and other assets accordingto market conditions.,21.Non-business income increased 117%over the same period of last year,which wasmainly because governmental subsidies increased in the reporting period.,22.Net cash flows from operating activities decreased 309%over the same period oflas

29、t year,which was mainly due to fluctuations in markets for main products in thereporting period.,3,-,-,Report for the third quarterly of 2011 of BOE Technology Group Co.,Ltd.3.2 Progress and influence of significant events,as well as the analysis on solutions3.2.1 Concerning non-standard audit opini

30、ons,Applicable,Inapplicable,3.2.2 Whether the Company provided funds for the controlling shareholder or itsrelated parties or provided guarantees for external parties in violation of prescribedprocedures,Applicable,Inapplicable,During the report period,the company paid 630,000.00RMB for controllings

31、hareholder,by the end of reporting period,the controlling shareholder has paid backthe money.3.2.3 Signing and execution of significant contracts concerning the routine operation,Applicable3.2.4 OthersApplicable,InapplicableInapplicable,1.About the Beijing 8G TFT-LCD Production Line Project:The proj

32、ect hadsuccessfully realized mass production in the third quarter of 2011 with comprehensiveproduct yield rate as 85%.2.The Companys subordinate subsidiaryHefei BOE Optoelectronics TechnologyCo.,Ltd.could apply for refunds of overpaid taxes for equipment imports,which wasdisclosed by the Company in

33、the Announcement No.2010-058 on 22 Nov.2010.Up to30 Sept.2011,Hefei BOE Optoelectronics Technology Co.,Ltd.had received refundsof overpaid taxes for equipment imports of RMB 1.283 billion in total.3.3 Fulfillment of commitments made by the Company,shareholders and the actualcontrollerCommitments mad

34、e by the Company,its directors,supervisors,senior executives,shareholders with an over 5%shareholding,actual controller and other stakeholdersduring the reporting period,or such commitments carried down into the reportingperiod:,Applicable,Inapplicable,3.4 Warnings of possible losses or major change

35、s of the accumulative net profitachieved during the period from the year-begin to the end of the next reporting periodcompared with the same period of last year,as well as explanation on reasons,ApplicablePerformance forecast,Inapplicable,Deficit,1 Jan.2011-31 Dec.2011,1 Jan.2010-31Dec.2010,Increase

36、/decrease(%),Estimated accumulative netprofit(RMB Ten thousand)Basic earnings per share(RMBYuan/share),-320,000.00-0.26-,-300,000.00-0.24,-200,381.31 Decrease-0.242 Decrease,1.Reasons:Since the beginning of the second half of 2011,the global electronicend-consumer market remains weak.Consequently,pr

37、ices of the Companys mainLCD panel products also remain at low levels,which may lead to a relatively largedeficit for the year 2011.Other explanations:Notes to performance forecast 1.On 24 Oct.2011,the Proposal on a Subsidiarys Transferring Equities of OrdosBOE Energy Investment Limited was reviewed

38、 and approved by the CompanysBoard of Directors.For details of the proposal,please refer to the announcement(No.2011-035)disclosed by the Company on 26 Oct.2011.Currently,the Companyis trying its best to push forward the said equity transfer.And it is uncertain whetherthe equity transfer can be conc

39、luded within this year and how it will influence thisyears gains and losses.Investors are kindly reminded to keep an eye on investment4,Main discussion:,Report for the third quarterly of 2011 of BOE Technology Group Co.,Ltd.risks.2.Due to the deficit in 2010,if the Company continues to go into a def

40、icit for 2011,a delisting risk warning will be issued on the Companys stock trading according tothe Stock Listing Rules of the Shenzhen Stock Exchange.Investors are kindlyreminded to keep an eye on investment risks.3.The Company will disclose in detail specific data about its business performancein

41、2011 in the 2011 annual report.3.5 Other significant events that need to be explained3.5.1 Investments into securities,Applicable,Inapplicable,3.5.2 Researches,interviews and visits received in the reporting period,Time1 Jul.2011,PlaceConferenceRoom of theCompany,Way ofreceptionFieldresearch,Visitor

42、Daiwa Securities SMBC CathayCo.,Ltd.(Taiwan),Daiwa Securities,Daiwa Securities SMBC Co.,Ltd.(Beijing),Main discussion andmaterials provided bythe Company,The Sumitomo Trust&Banking,5 Jul.201113 Jul.201114 Jul.2011,ConferenceRoom of theCompanyPhone researchConferenceRoom of theCompany,FieldresearchCo

43、mmunication byphoneFieldresearch,Company Limited,DeutscheSecurities Inc.,Qilu Securities Co.,Ltd.,Huatai Securities Co.,Ltd.,Huatai Asset Management Co.,Ltd.1.Operation of theCompany and its futureJiangsu ZManagement Co.,Ltd.,China Post,29 Aug.20117 Sept.201113 Sept.2011,Phone researchConferenceRoom

44、 of theCompanyConferenceRoom of theCompany,Communication byphoneFieldresearchFieldresearch,Securities Co.,Ltd.,HuachuangSecurities Co.,Ltd.,China GalaxySecurities Co.,Ltd.,Shenyin&Wanguo Securities Co.,Ltd.Wuhan Jialun InvestmentManagement Co.,Ltd.Asian century Quest Capital.LLCTX Investment Consulting Co.,Ltd.,Materials provided:The 2010 AnnualReport,the brochure ofthe Company and othermaterials available forpublic access,3.6 Investment on derivative products,Applicable,Inapplicable,3.6.1 Number of derivative products held at the end of the reporting period,Applicable,Inapplicable,5,