ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailMenu BurgerPositive ArrowIcon PrintIcon SearchSite TitleTitle ChevronIcon Twitter
Electronic Technology

TCL Corp.

  • 3.90 CNY
  • -0.14
  • -3.47%
  • China
    Mar 22, 2019
  • Ticker
    SHE(000100)
  • Prev. close
    4.04
  • Market cap (CNY)
    54,740.58M
  • Market cap (USD)
    8,162.93M
  • Shares
    13,549.64M

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.

Business Summary

TCL Corp. engages in the manufacture of household appliances and multimedia products. Its business segments include product, service, and venture capital and investment businesses. Its Product business consists of semiconductor display, brand terminal product, electronics, business systems, and parts and materials industries. Its business activities encompass development, production and sale of semiconductor display panels, liquid crystal display television, mobile phones, household appliances, audio and video products, and wireless intelligent interconnect products; business to business platforms; and web conferencing and webcasting support services. Its Service business covers internet application and service, sales and logistics service, and financial businesses. It provides home and mobile internet applications, online to offline platforms, and industrial financial services. Its Venture Capital and Investment business involves in project investment focusing on new materials, new energy, consumer, and high end manufacturing industries. The company was founded by Dong Sheng Li in 1981 and is headquartered in Huizhou, China.

Financial Highlights

Dec 2018 CNYUSD
Revenue112,786.17M17,044.88M
Gross Profit20,108.33M3,038.88M
Operating income1,393.71M210.62M
Income before tax3,584.11M541.65M
Net income3,468.21M524.13M
EBITDA9,308.00M1,406.67M
Diluted EPS0.250.03
Dividends Per Share0.100.01
Total Assets192,763.94M28,076.37M
Total liabilities129,255.04M18,826.20M
Total equity30,494.36M4,441.55M
Operating cash flow11,795.93M1,782.66M
Currency in CNYCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 100,778.15M 104,408.83M 106,111.92M 111,062.10M 112,786.17M
Gross Profit 17,449.68M 17,079.02M 17,569.82M 22,318.83M 20,108.33M
Operating income 2,247.85M 898.50M -1,088.52M 2,959.88M 1,393.71M
Income before tax 5,010.68M 3,231.72M 1,880.66M 3,691.52M 3,584.11M
Net income 3,183.20M 2,567.00M 1,602.12M 2,664.39M 3,468.21M
EBITDA 5,818.55M 4,904.75M 4,327.01M 10,091.40M 9,308.00M
Diluted EPS 0.34 0.21 0.13 0.19 0.25
Dividends Per Share 0.08 0.08 0.08 0.10 0.10
Total Assets 92,876.88M 111,754.82M 147,136.78M 160,293.98M 192,763.94M
Total liabilities 60,405.57M 68,626.00M 95,838.89M 103,486.17M 129,255.04M
Total equity 18,194.34M 24,210.10M 22,764.89M 29,747.06M 30,494.36M
Operating cash flow 6,121.57M 7,801.93M 8,611.63M 10,211.00M 11,795.93M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 16,355.57M 16,612.06M 15,972.15M 16,433.62M 17,044.88M
Gross Profit 2,831.95M 2,717.37M 2,644.64M 3,302.47M 3,038.88M
Operating income 364.81M 142.95M -163.84M 437.96M 210.62M
Income before tax 813.19M 514.18M 283.08M 546.22M 541.65M
Net income 516.61M 408.42M 241.15M 394.24M 524.13M
EBITDA 944.30M 780.37M 651.30M 1,493.20M 1,406.67M
Diluted EPS 0.05 0.03 0.01 0.02 0.03
Dividends Per Share 0.01 0.01 0.01 0.01 0.01
Total Assets 14,970.48M 17,209.99M 21,172.28M 24,615.16M 28,076.37M
Total liabilities 9,736.55M 10,568.25M 13,790.76M 15,891.61M 18,826.20M
Total equity 2,932.68M 3,728.30M 3,275.75M 4,568.03M 4,441.55M
Operating cash flow 993.48M 1,241.33M 1,296.23M 1,510.90M 1,782.66M

Valuation Measures

Dec 2018
PER9.54
ROA1.96%
ROE11.51%
Operating margin1.23%
Profit margin3.07%

Key executives

  • Chairman & Chief Executive Officer: Dong Sheng Li
  • President & Director: Lian Ming Bo
  • Chief Financial Officer & Director: Xu Bin Huang
  • Chief Technology Officer & Senior Vice President: Xiao Lin Yan
  • Director & Senior Vice President: Wei Huang

Shareholders

  • Hubei Yangtze Hezhi Hanyi Equity Investment Fund Ptp (LP) (8.2%)
  • Huizhou State Owned Asset Sup. & Adm. Commssion (6.8%)
  • Tsinghua University Education Foundation (3.7%)
  • Xinjiang Dongxing Huarui Equity Investment Partnership LP (3.5%)
  • Xinjiang Jiutian Liancheng Equity Investment Partnership LP (3.1%)
  • Guokai Innovation Capital Investment Co. Ltd. (2.5%)
  • Guangdong State-Owned Assets Supervision & Administration (2.4%)
  • BOSC Asset Management Co. Ltd. (2.3%)
  • China Securities Finance Corp. Ltd. (1.6%)
  • China Investment Corp. (Investment Company) (1.6%)

Contact Details

  • Website:http://www.tcl.com
  • Address: TCL Technology Building, No. 17 Huifeng 3rd Road, Huizhou, 516001, China
  • Phone: +86.755.33311666

Related Companies

  • TCL Financial Holdings Group Guangzhou Co., Ltd.
  • TCL Technology Industrial Park Co., Ltd.
  • Huizhou Keyin Business Services Co., Ltd.
  • Huizhou Kuyou Network Technology Co., Ltd.
  • TCL Household Appliances Hefei Co., Ltd.
  • TCL Corp. /8 Subs/
  • TCL Ventures
  • TCL Communication (Korea) Co., Ltd.
  • Huizhou TCL Environmental Resources Co. Ltd.
  • TCT Mobile Worldwide Ltd.
  • TCL Group Co. Ltd.
  • TCL Hyperpower Batteries, Inc.
  • TCL Corp. /Semiconductor Display Related Assets/
  • TCL Home Appliances (North America) Co. Ltd.
  • Shenzhen Speedex Commercial Service Co. Ltd.
  • TCL Business Information Technology (Huizhou) Co. Ltd.
  • Tcl Capital Co. Ltd.
  • China Display Optoelectronics Technology Holdings Ltd.
  • TCL Corp. /Smartphone LCD Module Mfg Bus/
  • TCL Cartel Co. Ltd.
  • TCL Real Estate (Huizhou) Co. Ltd.
  • Huizhou TCL Venture Capital Co., Ltd.
  • Huizhou TCL Home Appliance Group Co. Ltd.
  • Huizhou Techne Corp.
  • Petro AP Co. Ltd.
  • Shenzhen China Star Optoelectronics Technology Co., Ltd.
  • TCL Transportation Holdings Ltd.
  • Heywin Investment Ltd.
  • Manufacturas Avanzadas SA de CV
  • TCL Mobile Communication HK Co. Ltd.

Competitors

  • Samsung Electronics Co., Ltd.
  • Skyworth Digital Holdings Limited
  • Chigo Holding Limited
  • Zhejiang Yankon Group Co., Ltd. Class A
  • LG Display Co., Ltd
  • Au Optronics Corp.
  • Inseego Corp.
  • INVENIA Co., Ltd.
  • Mycronic AB
Last Updated on 22 Mar, 2019

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Get Unlimited access

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends January 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media