On January 27, Tcl Technology Group Corporation(000100) announced the performance forecast for 2021. The company expects to achieve operating revenue of 161.6 billion yuan – 165 billion yuan in 2021, an increase of 111% – 115% over the same period of last year; The net profit is expected to reach 15 billion yuan to 15.35 billion yuan, a year-on-year increase of 196% – 203%; The net profit attributable to shareholders of listed companies is expected to be 10 billion yuan to 10.3 billion yuan, an increase of 128% – 135% over the same period of last year.
For the performance growth, Tcl Technology Group Corporation(000100) disclosed three major reasons: the rapid growth of business, the excess achievement of the performance doubling plan of central semiconductor, and the strong support provided by the industrial finance sector.
Tcl Technology Group Corporation(000100) disclosed that in 2021, the operating revenue of the company’s semiconductor display business increased by more than 80% year-on-year, and the net profit increased by more than 330% year-on-year.
Specifically, in the display business, the operating revenue of large-scale business increased by more than 90% year-on-year, and the net profit increased by more than 300% year-on-year. T1, T2 and T6 maintained full sales and full production, T7 was mass produced as planned, T10 production line and products accelerated integration, and the large-scale shipment area increased by 36% year-on-year; Affected by the logistics response and the demand adjustment in some regions, the prices of main products have been corrected since the third quarter, but the average price in the reporting period is still significantly higher than that in the same period of last year. The company is optimistic about the improvement of the long-term competition pattern of the industry and the promotion of the strategic value of the industrial chain; The high-end business strategy of TV and commercial display products accelerates the optimization of product and customer structure, and gradually promotes the balance and stability of large-scale business profits.
The operating income of small and medium-sized enterprises has increased by more than 30% year-on-year, and the operating efficiency is gradually improving. T3 continuously optimize product and customer structure and improve profitability; The production capacity construction of phase II and III of T4 flexible OLED production line has been steadily promoted, and the product technology and customer structure have been improved; T9, which is positioned at the high value-added it display screen, and T5, which is positioned at the automotive, AR / VR and other products, will be put into operation as planned. The company will continue to promote the small and medium-sized business strategy, optimize the benefit structure and achieve sustainable growth.
It is noteworthy that central semiconductor merged in the fourth quarter of 2020, becoming a new driver of performance growth in Tcl Technology Group Corporation(000100) 2021.
It was disclosed on the 27th that the company expects to achieve a revenue of 40 billion yuan to 42 billion yuan in 2021, a year-on-year increase of 109.90% ~ 120.39%; The net profit attributable to shareholders of listed companies was about 3.8 billion yuan to 4.2 billion yuan, with a year-on-year increase of 248.95% ~ 285.68%.
For the reasons for performance growth, Tianjin Zhonghuan Semiconductor Co.Ltd(002129) disclosed that: first, the company’s semiconductor photovoltaic 210 product capacity has accelerated, continued to consolidate industrial competitiveness, greatly improved the gross profit per unit product through a series of technological progress, and better guaranteed the company’s production and operation in the face of polysilicon raw material price fluctuations; Second, the company’s semiconductor materials business released effective production capacity by accelerating the commissioning of new production lines, improved product supply capacity, significantly increased the scale of production and sales year-on-year, and further improved the product structure; Third, thanks to intelligent manufacturing, during the reporting period, the per capita labor productivity increased significantly, the product quality and consistency continued to improve, the consumption of raw materials and auxiliary materials was effectively improved, and the factory operating costs continued to decline.
Tcl Technology Group Corporation(000100) said that Zhonghuan semiconductor stimulated organizational vitality through system and mechanism reform, gave full play to the technical advantages of G12 + laminated tiles and the process advantages of intelligent manufacturing, and further improved its leading position in the industry. The production capacity of photovoltaic materials has increased rapidly, especially the technical, cost and ecological advantages of G12 products; The production capacity of semiconductor materials expanded steadily, the 8-12 inch product structure continued to upgrade, and Zhonghuan semiconductor exceeded the performance doubling plan.
