BOE Technology Group Co., Ltd. (BOETECH) income statement

SHZ · Technology · Hardware, Equipment & Parts · 109,895 employees · CEO Qiang Feng

Price: CN¥4.34 -2.69%
Market cap: CN¥161B
Enterprise value: CN¥240B
Last report: Q3 '26 filed 2026-09-30
Next report: 2027-04-06 EPS est. CN¥0.04

BOE Technology Group Co., Ltd. (BOETECH) reported revenue of CN¥48.7B for Q3 '26 (-8.6% year on year), operating income of CN¥675M (1.4% of revenue) and net income of -CN¥996M. Over the last four quarters revenue was CN¥202B.

Income statement

Income statement	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26	Q3 '26
Revenue	CN¥48B	CN¥45.9B	CN¥47.5B	CN¥50.3B	CN¥54.6B	CN¥50.6B	CN¥50.7B	CN¥53.3B	CN¥50B	CN¥51B	CN¥52.1B	CN¥48.7B
Cost of revenue	CN¥44.3B	CN¥39.8B	CN¥41.7B	CN¥39.5B	CN¥51.5B	CN¥42.6B	CN¥45.3B	CN¥45.6B	CN¥44.1B	CN¥43B	CN¥45.5B	CN¥41B
Gross profit	CN¥3.71B	CN¥6.08B	CN¥5.79B	CN¥10.8B	CN¥3.15B	CN¥7.98B	CN¥5.41B	CN¥7.69B	CN¥5.91B	CN¥7.95B	CN¥6.63B	CN¥7.68B
Research & development	CN¥3.17B	CN¥2.73B	CN¥3.08B	CN¥3.02B	CN¥4.3B	CN¥3.01B	CN¥3.03B	CN¥3.51B	CN¥4.28B	CN¥3.34B	CN¥2.81B	CN¥3.74B
Sales & marketing	-CN¥260M	CN¥434M	CN¥480M	CN¥1.39B	-CN¥2.81B	CN¥432M	-CN¥70M	CN¥0	CN¥805M	CN¥473M	CN¥0	CN¥0
General & administrative	-CN¥2.49B	CN¥1.46B	CN¥1.36B	CN¥1.46B	CN¥837M	CN¥1.38B	-CN¥638M	CN¥2.06B	CN¥1.47B	CN¥1.51B	CN¥0	CN¥0
Other operating expenses	CN¥1.26B	CN¥882M	-CN¥757M	CN¥4.52B	-CN¥1.45B	CN¥877M	CN¥1.26B	CN¥1.07B	-CN¥1.87B	CN¥171M	CN¥1.15B	CN¥1.17B
Operating expenses	CN¥1.68B	CN¥5.5B	CN¥4.17B	CN¥10.4B	CN¥885M	CN¥5.71B	CN¥3.59B	CN¥6.64B	CN¥4.68B	CN¥5.49B	CN¥5.69B	CN¥7B
Operating income	CN¥2.03B	CN¥586M	CN¥1.62B	CN¥461M	CN¥2.26B	CN¥2.28B	CN¥1.82B	CN¥1.05B	CN¥1.23B	CN¥2.46B	CN¥938M	CN¥675M
Interest income	CN¥555M	CN¥585M	CN¥692M	CN¥630M	CN¥591M	CN¥516M	CN¥973M	CN¥503M	CN¥430M	CN¥417M	CN¥508M	CN¥388M
Interest expense	CN¥487M	CN¥952M	CN¥999M	CN¥1.09B	CN¥996M	CN¥913M	CN¥769M	CN¥807M	CN¥804M	CN¥774M	CN¥756M	CN¥691M
Other non-operating income (gains on investments, FX ...)	CN¥5.13B	-CN¥1.19B	CN¥628M	-CN¥4.3B	CN¥3.81B	-CN¥991M	CN¥1.52B	-CN¥1.42B	CN¥3.62B	-CN¥767M	CN¥0	CN¥0
Total non-operating income	CN¥95.2M	CN¥48.5M	CN¥24.2M	CN¥37.4M	CN¥44.9M	CN¥70.9M	CN¥50.3M	CN¥687M	-CN¥159M	CN¥2.94M	CN¥3.86B	-CN¥2.37B
Income before tax	CN¥2.12B	CN¥635M	CN¥1.64B	CN¥499M	CN¥2.31B	CN¥2.35B	CN¥1.87B	CN¥1.74B	CN¥1.07B	CN¥2.46B	CN¥4.8B	-CN¥1.69B
Income tax	CN¥356M	CN¥152M	CN¥356M	CN¥332M	CN¥100M	CN¥411M	CN¥781M	CN¥364M	CN¥451M	CN¥755M	CN¥1.48B	-CN¥44M
Net income	CN¥1.53B	CN¥984M	CN¥1.3B	CN¥1.03B	CN¥2.01B	CN¥1.61B	CN¥1.63B	CN¥1.35B	CN¥1.26B	CN¥1.71B	CN¥3.54B	-CN¥996M
EPS (basic)	CN¥0.04	CN¥0.03	CN¥0.03	CN¥0.03	CN¥0.05	CN¥0.04	CN¥0.04	CN¥0.04	CN¥0.03	CN¥0.05	CN¥0.10	-CN¥0.03
EPS (diluted)	CN¥0.04	CN¥0.03	CN¥0.03	CN¥0.03	CN¥0.05	CN¥0.04	CN¥0.04	CN¥0.04	CN¥0.03	CN¥0.05	CN¥0.10	-CN¥0.03
Shares (basic, weighted)	37.7B	37.7B	37.6B	37.6B	37.6B	40.3B	37.4B	33.9B	36.6B	37B	37B	36.9B
Shares (diluted, weighted)	37.7B	37.7B	37.6B	37.6B	37.6B	40.3B	37.4B	33.9B	36.6B	37B	37B	36.9B
Depreciation & amortization	CN¥8.89B	CN¥9.36B	CN¥9.36B	CN¥9.85B	CN¥9.85B	CN¥9.71B	CN¥9.71B	CN¥9.62B	CN¥9.62B	CN¥9B	CN¥9B	CN¥0
EBITDA	CN¥5.78B	CN¥11.1B	CN¥10.4B	CN¥14.6B	CN¥8.3B	CN¥13B	CN¥10B	CN¥12.1B	CN¥7.24B	CN¥12.2B	CN¥9.94B	CN¥675M

Income statement	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	CN¥68.9B	CN¥93.8B	CN¥97.1B	CN¥116B	CN¥136B	CN¥221B	CN¥178B	CN¥175B	CN¥198B	CN¥205B
Cost of revenue	CN¥58.8B	CN¥73.3B	CN¥79.7B	CN¥102B	CN¥113B	CN¥161B	CN¥165B	CN¥157B	CN¥172B	CN¥176B
Gross profit	CN¥10.1B	CN¥20.5B	CN¥17.4B	CN¥14.4B	CN¥22.6B	CN¥60.2B	CN¥13.8B	CN¥17.8B	CN¥26.8B	CN¥28.2B
Research & development	CN¥3.22B	CN¥5.08B	CN¥5.04B	CN¥6.7B	CN¥7.64B	CN¥10.6B	CN¥11.1B	CN¥11.3B	CN¥13.1B	CN¥13.8B
Sales & marketing	CN¥1.98B	CN¥2.59B	CN¥2.89B	CN¥2.92B	CN¥3.14B	CN¥5.48B	CN¥4.23B	CN¥1.9B	CN¥471M	CN¥2.17B
General & administrative	CN¥4.82B	-CN¥2.33B	CN¥3.8B	CN¥3.99B	CN¥4.54B	CN¥6.6B	CN¥6.18B	CN¥5.9B	CN¥5.12B	CN¥5.9B
Other operating expenses	-CN¥371M	CN¥5.52B	CN¥1.7B	CN¥373M	CN¥1.21B	CN¥2.47B	-CN¥7.7B	-CN¥2.83B	CN¥3.21B	-CN¥493M
Operating expenses	CN¥9.63B	CN¥10.9B	CN¥13.4B	CN¥14B	CN¥16.5B	CN¥25.2B	CN¥13.9B	CN¥16.3B	CN¥21.9B	CN¥21.4B
Operating income	CN¥503M	CN¥9.67B	CN¥4.01B	CN¥399M	CN¥6.04B	CN¥35B	-CN¥24.8M	CN¥1.52B	CN¥4.93B	CN¥6.78B
Interest income	CN¥702M	CN¥768M	CN¥1.07B	CN¥860M	CN¥896M	CN¥1.05B	CN¥1.8B	CN¥2.04B	CN¥2.29B	CN¥1.83B
Interest expense	CN¥2.08B	CN¥2.59B	CN¥3.4B	CN¥2.61B	CN¥3.6B	CN¥4.98B	CN¥3.67B	CN¥3.62B	CN¥4.05B	CN¥3.29B
Other non-operating income (gains on investments, FX ...)	-CN¥2.39B	-CN¥1.11B	-CN¥919M	CN¥486M	-CN¥145M	-CN¥3.14B	CN¥8.95B	CN¥3.55B	-CN¥285M	CN¥1.48B
Total non-operating income	CN¥2.01B	CN¥67.3M	CN¥114M	CN¥105M	CN¥48.4M	CN¥76.4M	CN¥76M	CN¥314M	CN¥155M	CN¥251M
Income before tax	CN¥2.51B	CN¥9.74B	CN¥4.12B	CN¥504M	CN¥6.09B	CN¥35.1B	CN¥51.2M	CN¥1.83B	CN¥5.09B	CN¥7.03B
Income tax	CN¥467M	CN¥1.88B	CN¥1.24B	CN¥980M	CN¥1.56B	CN¥4.19B	CN¥1.79B	CN¥1.46B	CN¥940M	CN¥2.01B
Net income	CN¥1.88B	CN¥7.57B	CN¥3.44B	CN¥1.92B	CN¥5.04B	CN¥26B	CN¥7.54B	CN¥2.55B	CN¥5.32B	CN¥5.86B
EPS (basic)	CN¥0.05	CN¥0.22	CN¥0.10	CN¥0.06	CN¥0.14	CN¥0.71	CN¥0.19	CN¥0.07	CN¥0.14	CN¥0.16
EPS (diluted)	CN¥0.05	CN¥0.22	CN¥0.10	CN¥0.06	CN¥0.14	CN¥0.71	CN¥0.19	CN¥0.07	CN¥0.14	CN¥0.16
Shares (basic, weighted)	34.9B	34.4B	34.4B	34.8B	34.8B	35.7B	37.5B	37.4B	37.6B	36.6B
Shares (diluted, weighted)	34.9B	34.4B	34.4B	34.8B	34.8B	35.7B	37.5B	37.4B	37.6B	36.6B
Depreciation & amortization	CN¥10.3B	CN¥11.9B	CN¥13.9B	CN¥19B	CN¥22.4B	CN¥34.6B	CN¥34.4B	CN¥34.7B	CN¥38.4B	CN¥38.7B
EBITDA	CN¥13.2B	CN¥22.7B	CN¥18.8B	CN¥18.9B	CN¥28.6B	CN¥72.8B	CN¥25.4B	CN¥32.6B	CN¥43.6B	CN¥44B

Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in CNY.

Revenue, operating income and growth

quarterly

Margins

quarterly

Costs as % of revenue

quarterly

The other statements

Balance sheetCash, investments, assets, debt, liabilities and equityOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings.

Data as of 2026-11-02