Earnings release
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BOE Technology Group Co., Ltd. Interim Report 2026 (Summary) 1 Stock Code: 000725, 200725 Stock Name: BOE-A, BOE-B Announcement No. 2026-073 BOE TECHNOLOGY GROUP CO., LTD. INTERIM REPORT 2026 (SUMMARY) Part I Important Notes This Summary is based on the full Interim Report of BOE Technology Group Co., Ltd. (together with its consolidated subsidiaries, the “Company”, except where the context otherwise requires). In order for a full understanding of the Company’s operating results, financial condition and future development plans, investors should carefully read the aforesaid full report, which has been disclosed together with this Summary on the media designated by the China Securities Regulatory Commission (the “CSRC”). All the Company’s directors have attended the Board meeting for the review of this Report and its summary. Independent auditor’s modified opinion: □ Applicable Not applicable Board-approved interim cash and/or stock dividend plan for ordinary shareholders: □ Applicable Not applicable The Company has no interim dividend plan, either in the form of cash or stock. Board-approved interim cash and/or stock dividend plan for preferred shareholders: □ Applicable Not applicable This Report and its summary have been prepared in both Chinese and English. Should there be any discrepancies or misunderstandings between the two versions, the Chinese versions shall prevail. Part II Key Corporate Information 1. Stock Profile Stock name BOE-A, BOE-B Stock code 000725, 200725 Stock exchange for stock listing Shenzhen Stock Exchange Changed stock name (if any) N/A Contact information Board Secretary Securities Representative Name Guo Hong Luo Wenjie Office address 12 Xihuan Middle Road, Beijing Economic-Technological Development Area, P.R.China 12 Xihuan Middle Road, Beijing Economic-Technological Development Area, P.R.China Tel. 010-60965555 010-60965555 E-mail address guohong@boe.com.cn luowenjie@boe.com.cn 2. Key Financial Information Indicate by tick mark whether there is any retrospectively restated datum in the table below.
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BOE Technology Group Co., Ltd. Interim Report 2026 (Summary) 2 □ Yes No Item H1 2026 H1 2025 Change (%) Operating revenue (RMB) 103,132,382,859.00 101,278,182,135.00 1.83% Net profit attributable to the listed company’s shareholders (RMB) 5,247,660,077.00 3,246,885,779.00 61.62% Net profit attributable to the listed company’s shareholders before exceptional gains and losses (RMB) 3,008,251,856.00 2,282,236,531.00 31.81% Net cash generated from/used in operating activities (RMB) 22,744,634,093.00 22,736,307,086.00 0.04% Basic earnings per share (RMB/share) 0.14 0.09 55.56% Diluted earnings per share (RMB/share) 0.14 0.09 55.56% Weighted average return on equity (%) 3.82% 2.45% 1.37% Item 30 June 2026 31 December 2025 Change (%) Total assets (RMB) 439,055,090,769.00 436,378,322,803.00 0.61% Equity attributable to the listed company’s shareholders (RMB) 133,136,493,024.00 134,478,628,806.00 -1.00% 3. Shareholders and Their Holdings as at the End of the Reporting Period Unit: share Number of ordinary shareholders at the period-end 1,924,730 (including 1,897,586 A-shareholders and 27,144 B-shareholders) Top 10 shareholders (exclusive of shares lent in refinancing) Name of shareholder Nature of shareholder Sharehold ing percentag e Number of shares Restricted shares Shares in pledge, marked or frozen Status Shares Beijing State-owned Capital Operation and Management Company Limited State-owned legal person 10.97% 4,063,333,333 0 N/A 0 Hong Kong Securities Clearing Company Ltd. Overseas legal person 6.24% 2,312,677,545 0 N/A 0 Beijing BOE Investment & Development Co., Ltd. State-owned legal person 2.22% 822,092,180 0 N/A 0 Beijing Jing Guorui SOE Reform and Development Fund (L.P.) Other 1.94% 718,132,854 0 N/A 0 Fuqing Huirong Venture Capital Co., Ltd. Domestic non- state-owned legal person 1.45% 538,599,640 0 In pledge 156,000,000 Cai Min Domestic natural person 0.79% 293,580,276 0 N/A 0 Beijing Electronics Holdings Co., Ltd. State-owned legal person 0.74% 273,735,583 0 N/A 0 Xu Lili Overseas natural person 0.46% 168,656,000 0 N/A 0 Yiwu Harmonious Jinhong Equity Investment Partnership (L.P.) Domestic non- state-owned legal person 0.40% 149,287,513 0 N/A 0 Shandong Haikong Private Fund Management Co., Ltd. State-owned legal person 0.40% 147,163,387 0 N/A 0
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BOE Technology Group Co., Ltd. Interim Report 2026 (Summary) 3 Related or acting-in-concert parties among the shareholders above 1. Beijing State-owned Capital Operation and Management Company Limited holds 100% equity interest in Beijing Electronics Holdings Co., Ltd. 2. Beijing BOE Investment & Development Co., Ltd. is a wholly‑ owned subsidiary of Beijing Electronics Holdings Co., Ltd. As of the date of disclosure of this report, Beijing Electronics Holdings Co., Ltd. has completed the merger‑ by‑ absorption of Beijing BOE Investment & Development Co., Ltd. A total of 822,092,180 shares held by Beijing BOE Investment & Development Co., Ltd. in the Company have been transferred to Beijing Electronics Holdings Co., Ltd., and Beijing BOE Investment & Development Co., Ltd. no longer holds any shares in the Company. Upon completion of this merger‑ by‑ absorption, Beijing BOE Investment & Development Co., Ltd. will be dissolved and deregistered. 3. Upon completion of the Company’s private placement in 2014, Beijing State-owned 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 pursuant to the Share Management Agreement. Beijing Electronics Holdings Co., Ltd. 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. 4. In the Company’s 2021 private placement, Beijing Jing Guorui Soe Reform and Development Fund (L.P.) entered into a Concerted Action Agreement with Beijing Electronics Holdings Co., Ltd. 5. Beijing State-owned Capital Operation and Management Company Limited indirectly 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. 6. Except for the above relationships, the Company does not know any other related party or acting-in-concert party among the top 10 shareholders. Shareholders involved in securities margin trading (if any) 1. Shareholder Cai Min holds 293,522,276 shares through the client account at Ping An Securities Co., Ltd. of collateral securities for margin trading. The shareholding in the margin trading account increased by 185,773,076 shares during the Reporting Period. 2. Shareholder Xu Lili holds 168,656,000 shares through the client account at CITIC Securities Company Limited of collateral securities for margin trading. The shareholding in the margin trading account increased by 1,592,000 shares during the Reporting Period. 3. Save for the foregoing, none of the other top 10 ordinary shareholders of the Company participated in securities margin trading as at the end of the Reporting Period. 5% or greater shareholders, top 10 shareholders and Top 10 unrestricted shareholders involved in refinancing shares lending □ 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 4. Change of the Controlling Shareholder or the Actual Controller in the Reporting Period Change of the controlling shareholder in the Reporting Period:
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BOE Technology Group Co., Ltd. Interim Report 2026 (Summary) 4 □ Applicable Not applicable The controlling shareholder remained the same in the Reporting Period. Change of the actual controller in the Reporting Period: □ Applicable Not applicable The actual controller remained the same in the Reporting Period. 5. Number of Preferred Shareholders and Shareholdings of Top 10 of Them □ Applicable Not applicable No preferred shareholders in the Reporting Period. 6. Outstanding Bonds at the Date when this Report Was Authorized for Issue Applicable □ Not applicable (1) Bond Profile Bond name Abbr. Bond code Date of issue Maturity Balance (RMB’0,00 0) Coupon rate The Public Offering of BOE Technology Group Co., Ltd. of Technological Innovation Corporate Bonds (First Tranche) in 2025 to Professional Investors 25BOEK1 524305.SZ 13 June 2025 13 June 2030 200,000 1.94% The Public Offering of BOE Technology Group Co., Ltd. of Technological Innovation Corporate Bonds (Second Tranche) in 2025 to Professional Investors 25BOEK2 524510.SZ 6 November 2025 6 November 2030 100,000 1.95% The Public Offering of BOE Technology Group Co., Ltd. of Technological Innovation Corporate Bonds (Third Tranche) in 2025 to Professional Investors 25BOEK3 524530.SZ 14 November 2025 14 November 2030 100,000 1.95% The Public Offering of BOE Technology Group Co., Ltd. of Technological Innovation Corporate Bonds (First Tranche) in 2026 to Professional Investors 26BOEK1 524641.SZ 23 January 2026 23 January 2031 100,000 2.06% The Public Offering of BOE Technology Group Co., Ltd. of Technological Innovation Corporate Bonds (Second Tranche) in 2026 to Professional Investors 26BOEK2 524715.SZ 19 March 2026 19 March 2031 100,000 1.97% The 2025 First Tranche of Medium-Term Notes (Technological Innovation Notes) of BOE Technology Group Co., Ltd. 25 BOE Group MTN001 (Technologica l Innovation Notes) 102581768 23 April 2025 24 April 2035 200,000 2.23% The 2025 Second Tranche of Technological Innovation Bonds of BOE Technology Group Co., Ltd. 25 BOE Group MTN002 102582067 13 May 2025 14 May 2035 100,000 2.23%
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BOE Technology Group Co., Ltd. Interim Report 2026 (Summary) 5 (Technologica l Innovation Bonds) The 2025 Third Tranche of Technological Innovation Bonds of BOE Technology Group Co., Ltd. 25 BOE Group MTN003 (Technologica l Innovation Bonds) 102582615 24 June 2025 25 June 2028 100,000 1.77% The 2025 Fourth Tranche of Technological Innovation Bonds of BOE Technology Group Co., Ltd. 25 BOE Group MTN004 (Technologica l Innovation Bonds) 102582852 10 July 2025 11 July 2030 100,000 1.70% The 2025 Fifth Tranche of Technological Innovation Bonds of BOE Technology Group Co., Ltd. 25 BOE Group MTN005 (Technologica l Innovation Bonds) 102583095 24 July 2025 25 July 2028 100,000 1.70% The 2025 Sixth Tranche of Technological Innovation Bonds of BOE Technology Group Co., Ltd. 25 BOE Group MTN006 (Technologica l Innovation Bonds) 102583387 8 August 2025 11 August 2028 100,000 1.79% (2) Relevant Financial Information as of the End of the Reporting Period Item 30 June 2026 31 December 2025 Debt/asset ratio 52.69% 52.46% Item H1 2026 H1 2025 EBITDA-to-interest cover (times) 15.61 14.45 Part III Significant Events 1. The Company disclosed the Announcement on the Public Offering of Corporate Bonds to Professional Investors Obtaining Registration Approval from the CSRC (Announcement No. 2024-052) on 9 October 2024. The Company received the CSRC Permit [2024] No. 1330, which agreed to the Company's public offering of corporate bonds with an aggregate nominal value of no more than RMB10 billion to professional investors. Bond name Abbr. Bond code Date of issue Maturity The Public Offering of BOE Technology Group Co., Ltd. of Technological Innovation Corporate Bonds (First Tranche) in 2025 to Professional Investors 25BOEK1 524305.SZ 12 June 2025 to 13 June 2025 13 June 2030 The Public Offering of BOE Technology Group Co., Ltd. of Technological Innovation Corporate Bonds (Second Tranche) in 2025 to Professional Investors 25BOEK2 524510.SZ 5 November 2025 to 6 November 2025 6 November 2030 The Public Offering of BOE Technology Group Co., Ltd. of Technological Innovation Corporate Bonds (Third Tranche) in 2025 to Professional Investors 25BOEK3 524530.SZ 13 November 2025 to 14 November 2025 14 November 2030 The Public Offering of BOE Technology Group Co., 26BOEK1 524641.SZ 22 January 2026 to 23 23 January 2031
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BOE Technology Group Co., Ltd. Interim Report 2026 (Summary) 6 Ltd. of Technological Innovation Corporate Bonds (First Tranche) in 2026 to Professional Investors January 2026 The Public Offering of BOE Technology Group Co., Ltd. of Technological Innovation Corporate Bonds (Second Tranche) in 2026 to Professional Investors 26BOEK2 524715.SZ 18 March 2026 to 19 March 2026 19 March 2031 The Company disclosed the Interest Payment Announcement for "25BOEK1" 2026 (Announcement No.: 2026-057) on 11 June 2026. The Company paid the interest on the current bond for the period from 13 June 2025 to 12 June 2026 on 15 June 2026. 2. The Company convened the 12th Meeting of the 11th Board of Directors on 30 March 2026, and reviewed and approved the Proposal on Repurchasing Partial Public Shares of the Company for Equity Incentive Purposes. The Company disclosed the Announcement on Completion of Share Repurchase Plan and Repurchase Results (Announcement No.: 2026-050) on 30 May 2026. The share repurchase period for this program was from 9 April 2026 to 28 May 2026. As at 28 May 2026, the Company repurchased its own A-shares via centralized bidding through a special securities account for share repurchase. The total number of A-shares repurchased amounted to 1,005,011,580 shares, representing approximately 2.7647% of the Company’s total A-shares and approximately 2.7130% of the Company’s total share capital. The highest transaction price in this repurchase was RMB4.33 per share, and the lowest transaction price was RMB4.00 per share. The total amount paid was RMB4,203,359,617.65 (including commission and other fixed fees). This share repurchase complies with relevant laws and regulations as well as the approved share repurchase plan. 3. The 12th Meeting of the 11th Board of Directors held on 30 March 2026 and the 2025 Annual Meeting of Shareholders held on 24 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.: 2026-069) on 5 August 2026. As at 31 July 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 85,892,600 shares, representing approximately 0.2363% of the Company’s total A- shares and approximately 0.2319% 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 RMB499,924,820.18 (excluding transaction fees). As at 31 July 2026, the Company repurchased its B-shares via centralized bidding through a special securities account for share repurchase. The total number of B-shares repurchased amounted to 85,042,543 shares, representing approximately 12.2737% of the Company’ s total B-shares and approximately 0.2296% 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 HKD393,420,109.27 (excluding transaction fees). This share repurchase complies with relevant laws and regulations as well as the approved share repurchase plan of the Company. 4. The Company disclosed the Announcement on the Resignation of Independent Director (Announcement No.: 2026-018) on 1 April 2026. Mr. Tang Shoulian has served as an independent director of the 11th Board of Directors of the Company for nearly six years. In accordance with the relevant provisions of the Measures for the Administration of Independent Directors of Listed Companies, he applied to resign from the positions of independent director of the 11th Board of Directors of the Company and relevant positions in the special committees of the Board of Directors. After his resignation, he will no longer hold any position in the Company. The resignation application of Mr. Tang Shoulian will take effect after the shareholders' meeting elects a new independent director. The Company held the 12th Meeting of the 11th Board of Directors on 30 March 2026 and the 2025 Annual Meeting of Shareholders on 24 April 2026. At the meetings, the Proposal on Electing Mr. Hu Xiaolin as an Independent Director of the 11th Board of Directors of the Company was reviewed and approved, and Mr. Hu Xiaolin was elected as an independent director of the 11th Board of Directors of the Company. The Company disclosed the Announcement on Resignation of Director (Announcement No.: 2026-042) on 30 April 2026. Due to 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
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BOE Technology Group Co., Ltd. Interim Report 2026 (Summary) 7 resignation, he will no longer hold any positions in the Company and its controlled subsidiaries. The Company disclosed the Announcement on Resignation of Director (Announcement No. 2026‑ 071) on 13 August 2026. Due to work‑ related needs, Mr. Guo Chuan 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 its controlled subsidiaries. The Company held the 19th Meeting of the 11th Board of Directors on 27 August 2026, and reviewed and approved the Proposal on Electing Non‑ independent Directors of the 11th Board of Directors of the Company. This proposal is still subject to deliberation by the shareholders’ meeting. Beijing Electronics Holdings Co., Ltd., the actual controller of the Company, nominated Mr. Shi Xiaodong as a candidate for non‑ independent Director of the 11th Board of Directors of the Company. Beijing State-owned Capital Operation and Management Company Limited nominated Ms. Sun Jing as a candidate for non‑ independent Director of the 11th Board of Directors of the Company. 5. On 12 June 2026, the Company disclosed the Announcement on the Distribution of the 2025 Final Dividend (Announcement No. 2026-059). As the 2025 Final Dividend Plan had been approved at the 2025 Annual General Meeting of Shareholders on 24 April 2026, the Company distributed a 2025 final dividend of RMB0.56 per 10 shares (dividend to B-shareholders paid in HKD according to the central parity rate of RMB and HKD declared by the People’s Bank of China on the first working day immediately after the date of the relevant general meeting resolution), with no bonus issue from either profit or capital reserves. 6. The Company disclosed the Announcement on the Share Increase Plan by Controlling Shareholder and Actual Controller of the Company (Announcement No.: 2026-068) on 29 July 2026. 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. As at 27 August 2026, BEHC has cumulatively purchased 26,000,000 shares of the Company through centralized bidding via the trading system of the Shenzhen Stock Exchange, accounting for 0.0702% of the Company’s total share capital, with a total investment of RMB 143,837,100 (excluding transaction fees). This share purchase complies with relevant laws and regulations as well as the approved share increase plan. Chairman of the Board (signature): Mr. Chen Yanshun Date of the Board’s approval of this Report: 27 August 2026