Asia300

TCL Corp.

China

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Mar 23, 2017
Prev close: 3.55
Mar 23, 2017
Market cap:
Market cap(USD):
43,358.57M
6,295.44M
Shares: 12,213.68M

Currency in CNY

Company profile

Market(Ticker): SHE(000100)
Sector:
Industry:
Electronic Technology
Telecommunications Equipment
Full time employees: 70,774

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 2015

  • Local currency
  • US Dollar
Revenue 104,408.83M
Gross profit 17,079.02M
Operating income 898.50M
Income before tax 3,231.72M
Net income 2,567.00M
EBITDA 4,904.75M
Diluted EPS 0.21
Dividends per share 0.08
Total assets 111,754.82M
Total liabilities 68,626.00M
Total equity 24,210.10M
Operating cash flow 7,801.93M

Currency in CNY

Revenue 16,612.06M
Gross profit 2,717.37M
Operating income 142.95M
Income before tax 514.18M
Net income 408.42M
EBITDA 780.37M
Diluted EPS 0.03
Dividends per share 0.01
Total assets 17,209.99M
Total liabilities 10,568.25M
Total equity 3,728.30M
Operating cash flow 1,241.33M

Currency in USD

Valuation measures

Dec 2015

PER 19.89
ROA 2.50%
ROE 12.10%
Operating margin 0.86%
Profit margin 2.45%

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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