On the evening of July 12th, TCL Group (hereinafter referred to as “the company”) released the 2018 semi-annual performance forecast. In the first half of 2018, the net profit was 1.67 billion yuan to 18.82 billion yuan, an increase of 1% over the same period of the previous year. %; realized net profit attributable to shareholders of listed companies of 1.55 billion to 1.65 billion yuan, an increase of 50%-60% over the same period of the previous year.
TCL said that during the reporting period, the main reasons for the company's profit growth were: (1) TCL's electronic product structure and channel continued to optimize, and sales and net profit increased significantly year-on-year; (2) The transformation and transformation of the communications business progressed smoothly, with a significant year-on-year loss; c) Steady development of home appliances and other businesses.
During the reporting period, the production volume of Huaxing Optoelectronics' t1 and t2 production lines increased by 7.49% year-on-year, and continued to maintain full production and sales. The production capacity of t3 production line increased steadily, and the t4 and t6 construction projects progressed smoothly. Affected by the panel industry cycle, the average price of main panel in the first half of the year was significantly lower than that of the same period of last year. Huaxing Optoelectronics' performance decreased year-on-year, but through continuous measures to reduce costs, increase production capacity and optimize product structure, Huaxing Optoelectronics maintained global operating efficiency and profitability. lead the industry.
According to data released by Qunzhi Consulting and other institutions, the price of 32-inch and 55-inch LCD TV panels of major panel manufacturers has stabilized and rebounded at the end of June. With the arrival of terminal product shipments in the second half of the year and the improvement of supply and demand, TV LCD panel industry is expected. Continued to warm up and promote the growth of Huaxing Optoelectronics in the second half of the year.
During the reporting period, TCL Electronics continued to increase the proportion of high-end products, optimize sales channels, increase the average price of brand sales, and achieved simultaneous sales growth and sales in China and overseas markets. In the first half of the year, TCL Group achieved a total sales of LCD TVs of 1,351. 0 million units (including commercial displays), an increase of 37.8%, of which, smart TV sales of 9.383 million units, an increase of 53.3%. In the first half of the year, TCL Electronics changed its name and completed the company's established capital structure adjustment plan. It acquired 100% equity of TCL Commercial Information and is committed to building an international TCL brand electronic terminal industry group. The company will gradually split the business of consumer electronics into TCL Electronics, and TCL Group will become the capital market platform with Huaxing Semiconductor's display industry as its core business.
During the reporting period, due to the continuation of the downturn in the overseas mobile phone market, sales of major products of TCL Communication declined year-on-year. However, the company fully promoted the business transformation and performance improvement actions of TCL Communication, and TCL Communication achieved significant losses.
As of the end of the reporting period, the company's home Internet and mobile Internet operating terminals and active users continued to grow rapidly. The cumulative number of activated users of intelligent network TV terminal operations has reached 27.735 million. The number of activated users of intelligent network TV terminals operated by Huanwang has reached 45.365 million. The cumulative number of activated users of mobile Internet application platforms has reached 4 .28 billion. Thunderbird Network Technology, which operates TCL's smart TV platform business, experienced significant growth during the reporting period. In May 2018, it signed a Strategic Intention Agreement with Jingdong, focusing on Internet infrastructure capabilities, content and services, and ecological resources. Cooperate to further enhance the operational capability and realizable value of TCL's large-screen ecology.
During the reporting period, the company's home appliance group operated steadily, its net profit increased year-on-year, and other businesses developed steadily.
