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 2020 CNYUSD
Revenue76,529.62M11,087.65M
Gross Profit8,038.16M1,164.57M
Operating income2,050.80M297.12M
Income before tax3,564.38M516.41M
Net income4,388.15M635.75M
EBITDA12,595.81M1,824.88M
Diluted EPS0.320.04
Dividends Per Share0.120.01
Total Assets257,908.27M39,436.72M
Total liabilities166,571.58M25,470.44M
Total equity33,877.55M5,180.21M
Operating cash flow17,828.33M2,582.98M
Currency in CNYCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 106,111.92M 111,062.10M 112,786.17M 74,747.21M 76,529.62M
Gross Profit 17,569.82M 22,318.83M 20,108.33M 6,828.77M 8,038.16M
Operating income -1,088.52M 2,959.88M 1,393.71M -287.68M 2,050.80M
Income before tax 1,880.66M 3,691.52M 3,584.11M 2,398.33M 3,564.38M
Net income 1,602.12M 2,664.39M 3,468.21M 2,617.76M 4,388.15M
EBITDA 4,327.01M 10,091.40M 9,308.00M 7,984.32M 12,595.81M
Diluted EPS 0.13 0.19 0.25 0.19 0.32
Dividends Per Share 0.08 0.10 0.10 0.10 0.12
Total Assets 147,136.78M 160,293.98M 192,763.94M 164,844.88M 257,908.27M
Total liabilities 95,838.89M 103,486.17M 129,255.04M 99,049.32M 166,571.58M
Total equity 22,764.89M 29,747.06M 30,494.36M 30,111.94M 33,877.55M
Operating cash flow 8,611.63M 10,211.00M 11,795.93M 12,304.76M 17,828.33M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 15,972.15M 16,433.62M 17,044.88M 10,817.47M 11,087.65M
Gross Profit 2,644.64M 3,302.47M 3,038.88M 988.26M 1,164.57M
Operating income -163.84M 437.96M 210.62M -41.63M 297.12M
Income before tax 283.08M 546.22M 541.65M 347.08M 516.41M
Net income 241.15M 394.24M 524.13M 378.84M 635.75M
EBITDA 651.30M 1,493.20M 1,406.67M 1,155.49M 1,824.88M
Diluted EPS 0.01 0.02 0.03 0.02 0.04
Dividends Per Share 0.01 0.01 0.01 0.01 0.01
Total Assets 21,172.28M 24,615.16M 28,076.37M 23,665.22M 39,436.72M
Total liabilities 13,790.76M 15,891.61M 18,826.20M 14,219.57M 25,470.44M
Total equity 3,275.75M 4,568.03M 4,441.55M 4,322.88M 5,180.21M
Operating cash flow 1,296.23M 1,510.90M 1,782.66M 1,780.75M 2,582.98M

Valuation Measures

Dec 2020
PER21.03
ROA2.07%
ROE13.71%
Operating margin2.67%
Profit margin5.73%

Key executives

  • 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

Shareholders

  • 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%)

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

Competitors

  • Skyworth Group Limited
  • Panasonic Manufacturing Philippines Corporation
  • Chigo Holding Limited
  • Au Optronics Corp.
  • LG Display Co., Ltd
  • Zhejiang Yankon Group Co., Ltd. Class A
  • Innolux Corp.
  • AIBIT Co., Ltd.
  • e-Litecom Co., Ltd
  • Everdisplay Optronics (Shanghai) Co. Ltd. Class A
  • Inseego Corp.
  • INVENIA Co., Ltd.
  • KODI 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 14 Oct, 2021

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.

Try 1 month for $0.99

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 October 31st

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 Nikkei Asia 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

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