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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 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 Share0.100.01
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 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 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 (5.8%)
  • Hubei Yangtze Hezhi Hanyi Equity Investment Fund Ptp (LP) (5.3%)
  • Tibet Tianfeng Enterprise Management Co. Ltd. (3.2%)
  • Xinjiang Jiutian Liancheng Equity Investment Partnership LP (3.2%)
  • China Securities Finance Corp. Ltd. (2.9%)
  • LI DONG SHENG (2.6%)
  • E Fund Management Co., Ltd. (1.7%)
  • China Investment Corp. (Investment Management) (1.6%)
  • Shanghai Gaoyi Investment Management Co. Ltd. (0.7%)
  • GF Fund Management Co., Ltd. (0.7%)

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

  • 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.
  • Wuhan China Star Optoelectronics Semicon Display Tech Co.
  • Beijing Sunpiestore Technology Co., Ltd.
  • TCL Culture Media (Shenzhen) Co., Ltd.
  • Beijing HAWK Cloud Information Technology Co., Ltd.

Competitors

  • Skyworth Group Limited
  • Chigo Holding Limited
  • LG Display Co., Ltd
  • Zhejiang Yankon Group Co., Ltd. Class A
  • Innolux Corp.
  • Au Optronics Corp.
  • e-Litecom Co., Ltd
  • Inseego Corp.
  • INVENIA Co., Ltd.
  • Nanoco Group PLC
  • Radiant Opto-Electronics Corp.
Last Updated on 20 Oct, 2020

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