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Electronic Technology

TCL Corp.

  • 2.82 CNY
  • -0.06
  • -2.08%
  • China
    Aug 14, 2018
  • Ticker
    SHE(000100)
  • Prev. close
    2.88
  • Market cap (CNY)
    39,022.99M
  • Market cap (USD)
    5,669.79M
  • 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 2017 CNYUSD
Revenue111,062.10M16,433.62M
Gross Profit22,318.83M3,302.47M
Operating income2,959.88M437.96M
Income before tax3,691.52M546.22M
Net income2,664.39M394.24M
EBITDA10,091.40M1,493.20M
Diluted EPS0.190.02
Dividends Per Share0.100.01
Total Assets160,293.98M24,615.16M
Total liabilities103,486.17M15,891.61M
Total equity29,747.06M4,568.03M
Operating cash flow10,211.00M1,510.90M
Currency in CNYCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 85,037.59M 100,778.15M 104,408.83M 106,111.92M 111,062.10M
Gross Profit 14,642.48M 17,449.68M 17,079.02M 17,569.82M 22,318.83M
Operating income 1,122.67M 2,247.85M 898.50M -1,088.52M 2,959.88M
Income before tax 3,709.79M 5,010.68M 3,231.72M 1,880.66M 3,691.52M
Net income 2,109.06M 3,183.20M 2,567.00M 1,602.12M 2,664.39M
EBITDA 4,595.72M 5,818.55M 4,904.75M 4,327.01M 10,091.40M
Diluted EPS 0.24 0.34 0.21 0.13 0.19
Dividends Per Share 0.06 0.08 0.08 0.08 0.10
Total Assets 78,080.63M 92,876.88M 111,754.82M 147,136.78M 160,293.98M
Total liabilities 51,993.06M 60,405.57M 68,626.00M 95,838.89M 103,486.17M
Total equity 14,168.31M 18,194.34M 24,210.10M 22,764.89M 29,747.06M
Operating cash flow 5,377.49M 6,121.57M 7,801.93M 8,611.63M 10,211.00M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 13,832.46M 16,355.57M 16,612.06M 15,972.15M 16,433.62M
Gross Profit 2,381.79M 2,831.95M 2,717.37M 2,644.64M 3,302.47M
Operating income 182.61M 364.81M 142.95M -163.84M 437.96M
Income before tax 603.44M 813.19M 514.18M 283.08M 546.22M
Net income 343.06M 516.61M 408.42M 241.15M 394.24M
EBITDA 747.55M 944.30M 780.37M 651.30M 1,493.20M
Diluted EPS 0.04 0.05 0.03 0.01 0.02
Dividends Per Share 0.00 0.01 0.01 0.01 0.01
Total Assets 12,897.57M 14,970.48M 17,209.99M 21,172.28M 24,615.16M
Total liabilities 8,588.35M 9,736.55M 10,568.25M 13,790.76M 15,891.61M
Total equity 2,340.36M 2,932.68M 3,728.30M 3,275.75M 4,568.03M
Operating cash flow 874.71M 993.48M 1,241.33M 1,296.23M 1,510.90M

Valuation Measures

Dec 2017
PER19.78
ROA1.73%
ROE10.14%
Operating margin2.66%
Profit margin2.39%

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 (7.4%)
  • Tsinghua University Education Foundation (4.1%)
  • Xinjiang Dongxing Huarui Equity Investment Partnership LP (3.8%)
  • Xinjiang Jiutian Liancheng Equity Investment Partnership LP (3.4%)
  • Guokai Innovation Capital Investment Co. Ltd. (2.7%)
  • Guangdong State-Owned Assets Supervision & Administration (2.7%)
  • BOSC Asset Management Co. Ltd. (2.6%)
  • China Securities Finance Corp. Ltd. (1.7%)
  • China Investment Corp. (Investment Company) (1.7%)
  • LI DONG SHENG (1.3%)

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 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.
  • TCL Electrical Appliance Nanchang Co. Ltd.
  • TCL Air Conditioner (Zhongshan) Co., Ltd.
  • TCL Ruizhi (Huizhou) Refrigeration Equipment Co., Ltd.
  • Huizhou TCL Computer Technology Co. Ltd.
  • Huizhou TCL Jinneng Battery Co. Ltd.
  • TCL Wangpai Electrical Appliances Huizhou Co. Ltd.
  • TCL Wangpai Electrical Appliances Chengdu Co. Ltd.

Competitors

  • Samsung Electronics Co., Ltd.
  • Skyworth Digital Holdings Limited
  • Chigo Holding Limited
  • LG Display Co., Ltd
  • Au Optronics Corp.
  • Inseego Corp.
  • INVENIA Co., Ltd.
  • Mycronic AB
Last Updated on 14 Aug, 2018

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