Asia300

TCL Corp.

China

  • 1m
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  • 1y
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May 23, 2017
Prev close: --
May 23, 2017
Market cap:
Market cap(USD):
42,870.02M
6,222.32M
Shares: 12,213.68M

Currency in CNY

Company profile

Market(Ticker): SHE(000100)
Sector:
Industry:
Electronic Technology
Telecommunications Equipment
Full time employees: 79,561

Business summary

TCL Corp. engages in the manufacture and sale of home appliances. Its products include telephone, television, mobile phones, refrigerators, washing machines, air conditioners, small appliances, and liquid-crystal display panels. The company was founded by Dongsheng Li in 1981 and is headquartered in Huizhou, China.

Company background

TCL is a Chinese home appliance maker. Its operations include core product, liquid crystal display (LCD) TV sets, smartphones, white goods, LCD panels and PCs. It has a strong profile worldwide, ranked fourth in LCD TV sets and seventh in smartphones.

TCL began in 1981 in Huizhou, Guangdong Province, as a minor manufacturer owned by local government. Its little countryside factory grew into a world-famous consumer electronics company, in part due to its strong leader, Chairman Li Dongsheng. The company is widely admired in China.

Unlike most Chinese home appliance makers, TCL looked abroad for opportunities from its early days. In 2002 it partnered with Matsushita Electric Industrial (now Panasonic) in home appliances. Between 2004 and 2006 it surprised industry by taking over the TV-set operations of Thomson and the cellphone operations of Alcatel-Lucent, both of France. It is also known for its close relationships with Japanese electronics leaders such as Sony and Sharp on product sharing.

TCL's smartphone operations are growing rapidly, set to surpass LCD TV operation. Sales are rising quickly in the Americas.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 106,111.92M
Gross profit 17,569.82M
Operating income -1,088.52M
Income before tax 1,880.66M
Net income 1,602.12M
EBITDA 4,327.01M
Diluted EPS 0.13
Dividends per share --
Total assets 147,136.78M
Total liabilities 95,838.89M
Total equity 22,764.89M
Operating cash flow 8,611.63M

Currency in CNY

Revenue 15,972.15M
Gross profit 2,644.64M
Operating income -163.84M
Income before tax 283.08M
Net income 241.15M
EBITDA 651.30M
Diluted EPS 0.01
Dividends per share --
Total assets 21,172.28M
Total liabilities 13,790.76M
Total equity 3,275.75M
Operating cash flow 1,296.23M

Currency in USD

Valuation measures

Dec 2016

PER 25.15
ROA 1.23%
ROE 6.82%
Operating margin -1.02%
Profit margin 1.50%

Key executive

  • Chairman & Chief Executive Officer: Dong Sheng Li
  • Chief Financial Officer & Executive Director: Xu Bin Huang
  • Chief Technology Officer & Senior Vice President: Xiao Lin Yan
  • Executive Director & Senior Vice President: Aiping Guo
  • Vice President-Corporate Research: Kuang-Lang Chen

Share holders

  • Huizhou State Owned Asset Sup. & Adm. Commssion(9.2%)
  • Guangdong State-Owned Assets Supervision & Administration(6.8%)
  • China Securities Finance Corp. Ltd.(3.3%)
  • China Investment Corp. (Investment Company)(2.2%)
  • LI DONG SHENG(1.7%)
  • Huizhou Investment & Development Co. Ltd.(1.1%)
  • China Merchants Fund Management Co., Ltd.(1.0%)
  • China Southern Asset Management Co., Ltd.(0.8%)
  • ICBC Credit Suisse Asset Management Co., Ltd.(0.8%)
  • Zhong Ou Asset Management Co., Ltd(0.8%)

Address

  • Website: http://www.tcl.com
  • Address: TCL Technology Building, No. 17 Huifeng 3rd Road, Huizhou, 516001, China
  • Phone: +86.755.3396.8898

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