ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Electronic Technology

TCL Technology Group 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 2021 CNYUSD
Gross Profit28,734.39M4,455.38M
Operating income16,368.18M2,537.95M
Income before tax14,346.22M2,224.44M
Net income10,057.44M1,559.44M
Diluted EPS0.730.11
Dividends Per Share0.150.02
Total Assets308,733.13M48,441.26M
Total liabilities186,926.96M29,329.46M
Total equity42,833.90M6,720.78M
Operating cash flow35,004.12M5,427.53M
Currency in CNYCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 111,062.10M 112,786.17M 74,747.21M 76,529.62M 163,042.70M
Gross Profit 22,318.83M 20,108.33M 6,828.77M 8,038.16M 28,734.39M
Operating income 2,959.88M 1,393.71M -287.68M 2,050.80M 16,368.18M
Income before tax 3,691.52M 3,584.11M 2,398.33M 3,564.38M 14,346.22M
Net income 2,664.39M 3,468.21M 2,617.76M 4,388.15M 10,057.44M
EBITDA 10,091.40M 9,308.00M 7,984.32M 12,595.81M 34,295.50M
Diluted EPS 0.19 0.25 0.19 0.32 0.73
Dividends Per Share 0.10 0.10 0.10 0.12 0.15
Total Assets 160,293.98M 192,763.94M 164,844.88M 257,908.27M 308,733.13M
Total liabilities 103,486.17M 129,255.04M 99,049.32M 166,571.58M 186,926.96M
Total equity 29,747.06M 30,494.36M 30,111.94M 33,877.55M 42,833.90M
Operating cash flow 10,211.00M 11,795.93M 12,304.76M 17,828.33M 35,004.12M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 16,433.62M 17,044.88M 10,817.47M 11,087.65M 25,280.45M
Gross Profit 3,302.47M 3,038.88M 988.26M 1,164.57M 4,455.38M
Operating income 437.96M 210.62M -41.63M 297.12M 2,537.95M
Income before tax 546.22M 541.65M 347.08M 516.41M 2,224.44M
Net income 394.24M 524.13M 378.84M 635.75M 1,559.44M
EBITDA 1,493.20M 1,406.67M 1,155.49M 1,824.88M 5,317.66M
Diluted EPS 0.02 0.03 0.02 0.04 0.11
Dividends Per Share 0.01 0.01 0.01 0.01 0.02
Total Assets 24,615.16M 28,076.37M 23,665.22M 39,436.72M 48,441.26M
Total liabilities 15,891.61M 18,826.20M 14,219.57M 25,470.44M 29,329.46M
Total equity 4,568.03M 4,441.55M 4,322.88M 5,180.21M 6,720.78M
Operating cash flow 1,510.90M 1,782.66M 1,780.75M 2,582.98M 5,427.53M

Valuation Measures

Dec 2021
Operating margin10.03%
Profit margin6.16%

Key executives

  • Chairman & Chief Executive Officer: Dong Sheng Li
  • Chief Operating Officer: Cheng Wang
  • Chief Financial Officer: Jian Li
  • Chief Technology Officer & Senior Vice President: Xiao Lin Yan
  • Executive Director & Senior Vice President: Minzhi Jin


  • Huizhou State Owned Asset Sup. & Adm. Commssion (5.5%)
  • LI DONG SHENG (4.0%)
  • City of Wuhan (Hubei) (3.8%)
  • TCL Technology Group Corp. (2.9%)
  • China Securities Finance Corp. Ltd. (2.7%)
  • Tibet Tianfeng Enterprise Management Co. Ltd. (1.8%)
  • Tcl Technology Group Corp. 2021-2023 ESOP Phase 1 (0.8%)
  • Star United Enterprises Ltd. (0.6%)
  • Huatai-PineBridge Fund Management Co., Ltd. (0.2%)
  • Aegon-Industrial Fund Management Co., Ltd. (0.2%)

Contact Details

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

Related Companies

  • TCL Air Conditioner (Jiujiang) Co., Ltd.
  • Shenzhen Qianhai Qihang Intl Supp Chain Mgmt Co., Ltd.
  • Suzhou Huaxing Photoelectric Technology Co. Ltd.
  • Tcl Technology Group Corp. 2021-2023 ESOP Phase 1
  • Chongqing Blue Business Consulting Co., Ltd.
  • Garford Ltd.
  • Shenzhen Huaying Medical Imaging Diagnosis Center
  • Shenzhen Huaying Clinic
  • Jiaozuo Kangying Clinic Co., Ltd.
  • Zhihui Xinyuan Commercial (Huizhou) Co., Ltd.
  • Guangzhou Tianshi Cloud Intelligence Technology Co., Ltd.
  • TCL Entertainment Solutions Ltd.
  • AHFG ESOP Ltd.
  • Tongxinggongxue Education Technology (Huizhou) Co., Ltd.
  • Wuxi TCL Medical Imaging Technology Co., Ltd.
  • Zhongshan Hongyuan Technology Development Co., Ltd.
  • Kunshan Ruiying Medical Imaging Diagnosis Center Co., Ltd.
  • Huizhou Hongsheng Technology Development Co., Ltd.
  • Peer College Education Technology (Huizhou) Co., Ltd.
  • TCL Industrial Technology Research Institute Ltd. (Europe)
  • TCL Medical Radiological Technology (Beijing) Co., Ltd.
  • Huizhou Sailuote Communication Co., Ltd.
  • Shenzhen Thunderbird Digital Entertainment Tech Co., Ltd.
  • TCL Electronics (Huizhou) Co., Ltd.
  • Shenzhen TCL High-Tech Development Co., Ltd.
  • Wuhan TCL Industrial Technology Research Institute Ltd
  • Beijing Zhiqujia Technology Co., Ltd.
  • TCL Intelligent Industry (Huizhou) Co., Ltd.
  • Shenzhen China Star Optoelectronics Semiconductor Display Tech
  • Guangzhou ChinaRay Optoelectronic Materials Co., Ltd.


  • Skyworth Group Limited
  • Panasonic Manufacturing Philippines Corporation
  • Chigo Holding Limited
  • AUO Corp.
  • LG Display Co., Ltd
  • Zhejiang Yankon Group Co., Ltd. Class A
  • Runner (Xiamen) Corp. Class A
  • Innolux Corp.
  • DSK Co., Ltd
  • e-Litecom Co., Ltd
  • Everdisplay Optronics (Shanghai) Co. Ltd. Class A
  • Inseego Corp.
  • INVENIA Co., Ltd.
  • Konfoong Materials International Co. Ltd. Class A
  • Nanoco Group PLC
  • Radiant Opto-Electronics Corp.
  • SVG Group Co. Ltd. Class A
  • Xi'an Manareco New Materials Co., Ltd. Class A
Last Updated on 30 Sep, 2022

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more