TCL Technology Group Corp.
In the news
- Budget brand TCL teams with Sony-Panasonic venture for large TVs Jun 20, 2020
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- China device makers court Google and Apple in IoT push Jan 8, 2020
- White appliance prices jump in Japan over past 10 years Jan 8, 2020
- New US tech import controls are unacceptably broad Dec 17, 2019 See more articles on TCL Technology Group Corp.
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.
|Income before tax||3,564.38M||516.41M|
|Dividends Per Share||0.12||0.01|
|Operating cash flow||17,828.33M||2,582.98M|
|Currency in CNY||Currency in USD|
|Dec 2016||Dec 2017||Dec 2018||Dec 2019||Dec 2020|
|Income before tax||1,880.66M||3,691.52M||3,584.11M||2,398.33M||3,564.38M|
|Dividends Per Share||0.08||0.10||0.10||0.10||0.12|
|Operating cash flow||8,611.63M||10,211.00M||11,795.93M||12,304.76M||17,828.33M|
|Dec 2016||Dec 2017||Dec 2018||Dec 2019||Dec 2020|
|Income before tax||283.08M||546.22M||541.65M||347.08M||516.41M|
|Dividends Per Share||0.01||0.01||0.01||0.01||0.01|
|Operating cash flow||1,296.23M||1,510.90M||1,782.66M||1,780.75M||2,582.98M|
- Chairman & Chief Executive Officer: Dong Sheng Li
- President & Director: Lian Ming Bo
- Chief Operating Officer: Cheng Wang
- Chief Financial Officer & Director: Xu Bin Huang
- Chief Technology Officer & Senior Vice President: Xiao Lin Yan
- Huizhou State Owned Asset Sup. & Adm. Commssion (5.7%)
- Tibet Tianfeng Enterprise Management Co. Ltd. (3.2%)
- China Securities Finance Corp. Ltd. (2.8%)
- LI DONG SHENG (2.5%)
- E Fund Management Co., Ltd. (1.7%)
- China Investment Corp. (Investment Management) (1.5%)
- Tcl Technology Group Corp. 2021-2023 ESOP Phase 1 (0.8%)
- Perseverance Asset Management (0.7%)
- Star United Enterprises Ltd. (0.7%)
- Norges Bank Investment Management (0.6%)
- Address: TCL Technology Building, No. 17 Huifeng 3rd Road, Huizhou, 516001, China
- Phone: +86.755.33311666
- Tcl Technology Group Corp. 2021-2023 ESOP Phase 1
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Copyright © 2021 FactSet Research Systems Inc. All rights reserved.Last Updated on 14 Oct, 2021
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