On the evening of January 27, Tcl Technology Group Corporation(000100) disclosed the performance forecast for 2021, and it is expected to achieve an operating revenue of 161.6-165 billion yuan, a year-on-year increase of 111% – 115%; The net profit attributable to the parent company is expected to be 10 billion-10.3 billion yuan, with a year-on-year increase of 128% – 135%. According to the calculation, although the LCD panel price has continued to callback since the second half of 2021, Tcl Technology Group Corporation(000100) still achieved a profit level of nearly 2 billion yuan in the fourth quarter of 2021.
At present, the decline in LCD panel prices has gradually narrowed, and the prices of some sizes have stopped falling. Tcl Technology Group Corporation(000100) said that the company will continue to build a strategic control point in the field of semiconductor display, semiconductor photovoltaic and semiconductor materials and become a global leader in the industry track with the core requirements of “improving operation quality and efficiency, forging long boards to make up for weaknesses, accelerating global layout and innovation driven development”.
the profit of large-scale business increased by more than three times
Semiconductor display business is one of the core business segments of Tcl Technology Group Corporation(000100) . Benefiting from the sharp rise in the prosperity of the panel industry in the first half of 2021 and other factors, the business has a strong performance. The company expects the operating revenue and net profit of the business to increase by more than 80% and 330% year-on-year in 2021.
According to the announcement, Tcl Technology Group Corporation(000100) it is expected that the operating revenue of large-scale display business will increase by more than 90% year-on-year and the net profit will increase by more than 300% year-on-year. Among them, T1, T2 and T6 maintained full sales and 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; 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.
At the same time, Tcl Technology Group Corporation(000100) it is expected that the operating revenue of small and medium-sized display business will increase by more than 30% year-on-year, and the operating efficiency is gradually improving. Among them, T3 products and customer structure have been continuously optimized and profitability has been improved; 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 positioned on high value-added it display screen and T5 positioned on vehicle, AR / VR and other products are put into construction as planned.
Tcl Technology Group Corporation(000100) said it was optimistic about the improvement of the long-term competition pattern of the industry and the promotion of the strategic value of the industrial chain. After 2021, global LCD panel manufacturers will basically not increase capital expenditure on high-generation production lines. The agency believes that the global LCD panel production capacity supply will basically remain stable in the next 2-3 years. At the same time, with the overall liquidation of Samsung LCD panel production line, the global LCD panel capacity concentration will increase.
steady expansion of semiconductor material capacity
Central semiconductor merged in the fourth quarter of 2020 and exceeded the performance doubling plan, becoming a new driving force for performance growth in Tcl Technology Group Corporation(000100) 2021.
With the help of the national “14th five year plan” and the “double carbon” policy, the semiconductor photovoltaic industry will usher in development opportunities in 2021. Tcl Technology Group Corporation(000100) said that first of all, central 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.
Secondly, the production capacity of photovoltaic materials of Zhonghuan semiconductor has increased rapidly, especially the technical, cost and ecological advantages of G12 products. From the perspective of technological development, large-size silicon wafer has obvious advantages. The increase of size is conducive to reducing the unit processing cost of components and key components, which is an important direction for the progress of photovoltaic industry.
Third, the production capacity of semiconductor materials has expanded steadily, and the 8-12 inch product structure has continued to upgrade.
It is understood that at present, 8-inch and 12 inch silicon wafers are the mainstream product specifications in the global market, and the demand is increasing year by year. In particular, there is still a large gap in the supply and demand of 12 inch silicon wafers, and the gap will become larger and larger as the prosperity of the semiconductor cycle warms up.
In addition, in the field of semiconductor photovoltaic cell modules, Zhonghuan semiconductor firmly adheres to the globalization development strategy, cooperates with maxn company to open the sea, further expand the manufacturing system of batteries and modules and the market development business of ground power stations and distributed power stations around the world, and quickly establish overseas industrial layout and global supply chain system.
