Shenzhen, China, August 13, 2021 PRNewswire – TCL Technology Group Corporation (TCL Technology, Stock Code 000100.SZ), officially listed company focusing on semiconductor display and material industry June 30, 2021.
At the time of the report, the company had earned revenue in the area $ 11.45 billion, An increase of 153.3% per annum; Net profit was around $ 1.426 billion, 7.65 times a year. The net profit given to the shareholders was all around $ 1.4 billion, An increase of 461.5% per year. The company’s two core industries, the semiconductor display and the semiconductor photovoltaic, have grown significantly during this period, and the company’s annual budget has been revised.
In addition, TCL CSOT, TCL Technology Panel Manufacturing Sub-Company, increased its sales of 17.792 million square meters by 25.3% year-on-year. Earnings from TCL CSOT semiconductor display business $ 6.29 billion, An increase of 93.6% per annum; It was a net profit $ 1.01 billion, Increase from year to year $ 1.4 billion. In the second quarter of 2021, TCL CSOT earned net profit $ 649.15 million, A quarterly increase of 76%. With the continuous expansion and improvement of the product structure, TCLCCO has continued to increase its market share in various fields, including TV panels, interactive whiteboards, LTPs, etc.
In addition, Chonghuan Semiconductor, a subsidiary of TCL focused on semiconductors and new power, In the first half of 2021, it contributed to the company’s profit growth. $ 2.7 billion, An increase of 104.1% per annum, and net profit $ 291.42 million, An increase of 160.6% year on year. The photovoltaic industry grew rapidly during the reporting period. During this time the benefits of Zunghu semiconductor storage technology emerged, the product structure changed dramatically and production capacity was continuously improved.
Looking ahead, TCL technology will continue to improve its business strategies by focusing on semiconductor displays, semiconductor photovoltaics and semiconductor materials. Meanwhile, TCL technology continues to drive innovation, improve operational quality and efficiency, and accelerate global positioning, increase competitiveness and lead the global industry.
About TCL
TCL empowers customers to be happier. It prides itself on award-winning experiences that combine award-winning TVs, audio products, mobile devices and devices, TCL’s thoughtful design and the latest technology. As one of the world’s largest consumer electronics products, our extensive production capabilities, vertical integrated supply chain and state-of-the-art panel factory TCL enable us to deliver innovation to all. For more product information, please visit the full portfolio at www.tcl.com.
About TCL CSOT
TCL CSOT (TCL China Star Optoelectronics Technology Co., Ltd) is a company committed to developing new technologies and innovations in the semiconductor display industry. TCL CSOT is actively investing in future technologies such as Mini-LED, Micro-LED, OLED, and Ink-Jet Printing OLED. The company’s business includes large displays, small medium displays and touch modules, interactive whiteboards, video walls, automotive displays and game controls that contribute to the core capabilities of the global panel industry.
About Tianjin Zonghuwan Semiconductor
Hoguhuan’s semiconductor R&D, will include new energy materials and semi-conductors to drive development, including semi-order warehouses, semi-conveying equipment, solar panels and solar cell modules, as well as construction. And operation of photovoltaic power stations. On July 15, 2020, TCL acquired Zhenghuwa Partial Leader with a significant presence and strategic reserve in the field of transmitters and the new power field.
SOURCE TCL Team
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