京东方Ｂ：2021年第一季度报告（英文版）

Announcement No. 2021-037 BOE TECHNOLOGY GROUP CO., LTD. Part I Important Notes The Board of Directors (or the “Board”), the Supervisory Committee as well as the directors,supervisors and senior management of BOE Technology Group Co., Ltd. (hereinafter referredto as the “Company”) hereby guarantee the factuality, accuracy and completeness of the All the Company’s directors have attended the Board meeting forthe review of this Report Mr. Chen Yanshun, the Company’s legal representative, Mr. Liu Xiaodong, President of theCompany, Ms. Sun Yun, the Company’s Chief Financial Officer,and Ms. Yang Xiaoping, head ThisReport has been prepared in both Chinese and English.Should there be any Part II Key Corporate Information I Key Financial Information Indicate by tick mark whether there is any retrospectively restated datum in the table below. √ Yes □ No Reason for any retrospectively adjustment or restatement Other reasons Exceptional gains and losses: √ Applicable □ Not applicable Unit: RMB Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item defined or listed in the Explanatory □ Applicable √ Not applicableNo such cases for the Reporting Period. II Total Number of Shareholders and Holdings of Top 10 Shareholders at 31 March 2021 1. Numbers of Ordinary Shareholders and Preferred Shareholders with Resumed Voting Rights as well as □ Yes √ No No such cases in the Reporting Period. 2. Number of Preferred Shareholders and Shareholdings of Top 10 of Them □ Applicable √ Not applicable Part III Significant Events I Changes in Key Financial Statement Line Items and Explanation of why √ Applicable □ Not applicable 1. Operating revenue rose 108% during Q1 2021 compared to Q1 2020, primarily driven by the rising prices of primary products, therelease of new production capacity, and changes to the consolidation scope in the Reporting Period. 2. Cost of sales rose 77% during Q1 2021 compared to Q1 2020, primarily driven by the expanding operating revenue.3. Selling expense rose 43% during Q1 2021 compared to Q1 2020, primarily driven by the expanding operating revenue.4. Administrative expense rose 59% during Q1 2021 compared to Q1 2020, primarily driven by the expanding operating revenue.5. R&D expense rose 46% during Q1 2021 compared to Q1 2020, primarily driven by greater R&D investments.6. Financial expenses rose 44% during Q1 2021 compared to Q1 2020, primarily driven by the new projects were transferred into operation，andchanges to the consolidation scope in the Reporting Period. 7. Asset impairment loss declined 105% during Q1 2021 compared to Q1 2020, primarily driven by a decrease in the inventoryvaluation allowance according to the lower of cost and net realizable value in the Reporting Period. 8. Other income declined 45% during Q1 2021 compared to Q1 2020, primarily driven by a decrease in government grants in the 9. Income tax expense rose 362% during Q1 2021 compared to Q1 2020, primarily driven by an increase in earnings in the Reporting 10. Accounts receivable as at 31 March 2021 rose 31% compared to 31 December 2020, primarily driven by an increase in amounts 11. Net cash generated from operating activities rose 178% during Q1 2021 compared to Q1 2020, primarily driven by an increase in 12. Cash used in investing activities rose 68% during Q1 2021 compared to Q1 2020, primarily driven by the repurchase ofnon-controlling interests and an increase in expenses on construction of new projects in the Reporting Period. II Progress, Influence and Solutions with regard to Significant Events √ Applicable □ Not applicable 1. On 18 October 2019, the Company disclosed the Announcement on the Company’s Application for CSRC’s Approval for itsPublic Issue of Renewable Corporate Bonds (Announcement No. 2019-052), and the Company received the No. [2019] 1801Approval from CSRC. Based on the approval, the Company could publicly issue the renewable corporate bonds with the nominalvalue no more than RMB30 billion to qualified investors. The Company publicly issued renewable corporate bonds (to qualifiedinvestors) (the first issue) (“19BOEY1” for short; Code: 112741) in 2019 with the issue term from 28 October 2019 to 29 October March 2020 to 19 March 2020, the issuing scale of RMB2 billion and the bonds’ ultimate nominal interest of 3.54%. The Companypublicly issued the renewable corporate bonds (to qualified investors) (the third issue) (epidemic prevention and control bonds)(“20BOEY3” for short; Code: 149108) in 2020 with the issue term from 24 April 2020 to 27 April 2020, the issuing scale of RMB2billionand the bonds’ultimate nominal interest of 3.50%.The Company disclosed 2021"20BOEY1"Interest PaymentAnnouncement(Announcement No. 2021-016) on 23 February 2021. BOE Public Issuance of Renewable Corporate Bonds (toQualified Investors) (the First Issue) (epidemic prevention and control bonds) in 2020 was one year old until 27 February 2021. 2. The Company’s wh