ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintSite TitleTitle ChevronIcon Twitter
Electronic Technology

TCL Corp.

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 Technology Group 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 2019 CNYUSD
Revenue74,747.21M10,817.47M
Gross Profit6,828.77M988.26M
Operating income-287.68M-41.63M
Income before tax2,398.33M347.08M
Net income2,617.76M378.84M
EBITDA7,984.32M1,155.49M
Diluted EPS0.190.02
Dividends Per Share----
Total Assets164,844.88M23,665.22M
Total liabilities99,049.32M14,219.57M
Total equity30,111.94M4,322.88M
Operating cash flow12,304.76M1,780.75M
Currency in CNYCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 104,408.83M 106,111.92M 111,062.10M 112,786.17M 74,747.21M
Gross Profit 17,079.02M 17,569.82M 22,318.83M 20,108.33M 6,828.77M
Operating income 898.50M -1,088.52M 2,959.88M 1,393.71M -287.68M
Income before tax 3,231.72M 1,880.66M 3,691.52M 3,584.11M 2,398.33M
Net income 2,567.00M 1,602.12M 2,664.39M 3,468.21M 2,617.76M
EBITDA 4,904.75M 4,327.01M 10,091.40M 9,308.00M 7,984.32M
Diluted EPS 0.21 0.13 0.19 0.25 0.19
Dividends Per Share 0.08 0.08 0.10 0.10 --
Total Assets 111,754.82M 147,136.78M 160,293.98M 192,763.94M 164,844.88M
Total liabilities 68,626.00M 95,838.89M 103,486.17M 129,255.04M 99,049.32M
Total equity 24,210.10M 22,764.89M 29,747.06M 30,494.36M 30,111.94M
Operating cash flow 7,801.93M 8,611.63M 10,211.00M 11,795.93M 12,304.76M
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 16,612.06M 15,972.15M 16,433.62M 17,044.88M 10,817.47M
Gross Profit 2,717.37M 2,644.64M 3,302.47M 3,038.88M 988.26M
Operating income 142.95M -163.84M 437.96M 210.62M -41.63M
Income before tax 514.18M 283.08M 546.22M 541.65M 347.08M
Net income 408.42M 241.15M 394.24M 524.13M 378.84M
EBITDA 780.37M 651.30M 1,493.20M 1,406.67M 1,155.49M
Diluted EPS 0.03 0.01 0.02 0.03 0.02
Dividends Per Share 0.01 0.01 0.01 0.01 --
Total Assets 17,209.99M 21,172.28M 24,615.16M 28,076.37M 23,665.22M
Total liabilities 10,568.25M 13,790.76M 15,891.61M 18,826.20M 14,219.57M
Total equity 3,728.30M 3,275.75M 4,568.03M 4,441.55M 4,322.88M
Operating cash flow 1,241.33M 1,296.23M 1,510.90M 1,782.66M 1,780.75M

Valuation Measures

Dec 2019
PER22.50
ROA1.46%
ROE8.63%
Operating margin-0.38%
Profit margin3.50%

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

  • Huizhou State Owned Asset Sup. & Adm. Commssion (6.8%)
  • Hubei Yangtze Hezhi Hanyi Equity Investment Fund Ptp (LP) (5.2%)
  • Tsinghua University Education Foundation (3.6%)
  • Xinjiang Dongxing Huarui Equity Investment Partnership LP (3.5%)
  • Xinjiang Jiutian Liancheng Equity Investment Partnership LP (3.1%)
  • China Securities Finance Corp. Ltd. (2.9%)
  • LI DONG SHENG (2.6%)
  • Guokai Innovation Capital Investment Co. Ltd. (1.9%)
  • China Investment Corp. (Investment Management) (1.6%)
  • Guangdong State-Owned Assets Supervision & Administration (1.1%)

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 Technology Investments Ltd.
  • Tcl Industries Holdings Co. Ltd.
  • Huizhou Zhongkai TCL Zhirong Technology Microcredit Co., Ltd.
  • Tcl Ace Electric Huizhou Co. Ltd.
  • TCT Mobile, Inc.
  • TCL Household Appliances (Zhongshan) Co., Ltd.
  • TCL Financial Holdings Group Guangzhou Co., Ltd.
  • Huizhou Keyin Business Services Co., Ltd.
  • 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.
  • Tonly Electronics Holdings Ltd.
  • TCL Real Estate (Huizhou) Co. Ltd.
  • Huizhou TCL Venture Capital Co., Ltd.
  • Huizhou Techne Corp.
  • Petro AP Co. Ltd.
  • TCL China Star Optoelectronics Technology Co., Ltd.
  • TCL Transportation Holdings Ltd.
  • Heywin Investment Ltd.

Competitors

  • Samsung Electronics Co., Ltd.
  • Skyworth Group Limited
  • Chigo Holding Limited
  • Zhejiang Yankon Group Co., Ltd. Class A
  • LG Display Co., Ltd
  • Au Optronics Corp.
  • Charm Engineering Co., Ltd
  • e-Litecom Co., Ltd
  • Inseego Corp.
  • INVENIA Co., Ltd.
  • Meere Company Incorporated
Last Updated on 3 Apr, 2020

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 April 30th

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