京东方Ｂ：2025年三季度报告（英文版）

THIRDQUARTERLY REPORT 2025 October2025 Stock Code: 000725Stock Name: BOE-AAnnouncement No.2025-076Stock Code: 200725Stock Name: BOE-BAnnouncement No.2025-076 BOE TECHNOLOGY GROUP CO., LTD.THIRDQUARTERLY REPORT 2025 BOE Technology Group Co., Ltd. (hereinafter referred to as the“Company”)and all themembers of the Company’s Boardof Directors hereby guarantee that the contents of thisReport are true, accurate and complete and free of any misrepresentations, misleadingstatements or material omissions. Important Notes: The Board of Directors (or the“Board”)as well as the directorsand senior management of BOE Technology GroupCo., Ltd. (hereinafter referred to as the“Company”)hereby guarantee the factuality, accuracy and completenessof the contents of this Report, and shall be jointly and severally liable for any misrepresentations, misleadingstatements or material omissions therein. All the Company’s directors have attended the Board meeting forthe review of this Report. Mr. Chen Yanshun, the Company’s legal representative, Mr. Feng Qiang, Chairman of the ExecutiveCommittee,Ms. Yang Xiaoping, Chief Financial Officer, and Ms. Xu Yaxiao, head of the financial department (equivalent tofinancial manager)hereby guarantee that the Financial Statements carried in this Report are factual, accurate andcomplete. ThisReport has been prepared in both Chinese and English.Should there be any discrepancies ormisunderstandings between the two versions, the Chinese version shall prevail. The financial statements in this Report have not been audited by an independent auditor. 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. (II) Exceptional Gains and Losses Unit: RMB □ApplicableNot applicable No such cases in the Reporting Period. Explanation of why the Company reclassifiesas recurrent an exceptional gain/loss item listed in the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Exceptional Gain/Loss Items: No such cases in the ReportingPeriod. (III)MajorChanges in Financial Statement Items and Explanation of why Applicable □ Not applicableMajor changes in items of the balance sheetand explanation of why:1.Construction in progress as at 30 September 2025rose57% compared to 1 January 2025, primarily driven bythe increasedinvestment innew construction projectsduring the Reporting Period.2. Long-term equity investmentsas at 30 September 2025 rose 32% compared to 1 January 2025, primarily driven by theacquisitionof equity interests in associatesduring the Reporting Period.3. Current portion of non-currentliabilitiesas at 30 September 2025declined35% compared to 1 January 2025, primarily driven bythe repayment of long-termborrowingsdue within one year during the Reporting Period. Major changes in items of theincome statementand explanation of why:1.Asset impairment lossdeclined51% during Q1-Q3 2025compared to Q1-Q3 2024, primarily driven bythe decreasedinventoryvaluation allowancesthat wereestablished according to the lower between the costs and net realizable value.2.Other incomerose43% during Q1-Q3 2025compared to Q1-Q3 2024, primarily driven by theincreased government grants duringthe Reporting Period.3. Return on investmentrose495% during Q1-Q3 2025compared to Q1-Q3 2024, primarily driven by theincome from the disposalof long-term equity investmentsduring the Reporting Period. 4. Non-operating income rose162%during Q1-Q3 2025 compared to Q1-Q3 2024, primarily driven by the acquisition ofassociateswhere the considerationspaidwereless thanthe corresponding portions ofthe fair value of the acquirees’identifiableequities.5. Income tax expenserose 85% during Q1-Q3 2025 compared to Q1-Q3 2024, primarilydriven by thetemporary differences inassetsduring the Reporting Period. Major changes in items of thecash flow statementand explanation of why: 1.Net cash generated from operating activities rose 8.58% during Q1-Q3 2025compared to Q1-Q3 2024, primarily driven by theincreased sales during the Reporting Period. 2.Net cashgenerated from investingactivitiesdeclined 37.94%during Q1-Q32025compared to Q1-Q32024,primarily driven bythe increased paymentsfor the constructionand acquisitionoflong-livedassets during the Reporting Period.3.Net cash generated from financing activitiesdeclined31.97%during Q1-Q32025compared to Q1-Q32024, primarily driven bythe repayment of perpetual bonds and the repurchase of equitiesduring the Reporting Period. II Shareholder Information (I) Numbers of Ordinary Shareholders and Preference Shareholders with Resumed Voting Rights as wellas Holdings of Top 10 Shareholders Unit: share 5% or greater shareholders, top 10 shareholders and Top 10 unrestricted shareholders involved in refinancing shares lending □ApplicableNot applicable Changes in top 10shareholders and top 10 unrestricted shareholders due to refina