This year is the 20th consecutive year that Li Dongsheng, deputy to the National People’s Congress and founder of TCL, has served as deputy to the National People’s Congress. In a recent interview with China Securities Journal, Li Dongsheng said that this year’s two sessions will submit five suggestions on promoting the upgrading of China’s manufacturing industry.
In the “suggestions on further supporting the capital financing of China Hi-Tech Group Co.Ltd(600730) technology manufacturing enterprises”, he suggested to strengthen the support for the capital financing of China Hi-Tech Group Co.Ltd(600730) technology manufacturing enterprises, build a multi-level capital market support system, and make it an important force of scientific and technological innovation.
strengthen the supervision of high-tech manufacturing enterprises
capital financing support
In an interview with reporters, Li Dongsheng introduced that in 2021, TCL (Group) achieved the best results in both operating revenue and net profit in history, with an overall revenue of more than 250 billion yuan, a year-on-year increase of more than 60%. Looking back on the development of TCL, industrial upgrading and scientific and technological innovation run through the whole process. At present, TCL has more than 13000 R & D personnel. From 2016 to 2020, TCL invested a total of 31.36 billion yuan in R & D; In the first three quarters of 2021, TCL invested 10.29 billion yuan in R & D.
In 2009, TCL independently created TCL Huaxing and, together with other manufacturers, was determined to break the situation of “less screen”. In 2021, China’s LCD panel shipments accounted for more than 60% of the world. At present, TCL Huaxing once again ushers in the key node of attacking the upstream of the industrial chain. What Chinese enterprises want to catch up with and surpass in the future is the new display technology of the next generation. TCL Huaxing is actively layout in the fields of printing OLED, quantum dot technology and so on.
“There is only one way to go for industrial development: independent innovation.” In terms of supporting Chinese manufacturing enterprises to upgrade to high-end, Li Dongsheng said that at present, the state is increasing its support for high-tech manufacturing industry. Taking financing channels as an example, high-tech manufacturing enterprises have been more convenient in credit financing. However, there are still many restrictions on Financing in the capital market. High tech manufacturing industries such as integrated circuit, semiconductor display and photovoltaic new energy have the characteristics of heavy assets and long cycle. The project investment is mostly tens of billions of yuan, with a huge amount. At present, the project investment basically comes from enterprise funds and bank financing, and there are few cases in capital market financing with higher convenience.
He suggested to further strengthen the support for capital financing of China Hi-Tech Group Co.Ltd(600730) technology manufacturing enterprises and build a multi-level capital market support system to make it an important force for scientific and technological innovation.
improve the construction of the whole manufacturing industry chain in China
At the same time of industrial upgrading, TCL has built a global industrial layout. After more than 20 years of globalization, TCL has completed the transformation from “internationalization” to “globalization”. In 2021, TCL’s overseas revenue is expected to exceed 110 billion yuan, with a year-on-year increase of more than 55%. This year, Li Dongsheng made suggestions on “globalization” for the second consecutive year.
Li Dongsheng said, “the standards of world-class enterprises are technological innovation ability and global competitiveness. For the manufacturing industry, global competitiveness means global industrial layout and competition with multinational giants on a global scale.”
In this regard, Li Dongsheng put forward “suggestions on promoting the upgrading of China’s manufacturing industry and building a global industrial chain”. There are four specific points: first, improve the construction of the whole manufacturing industry chain, especially the key links of the industry chain; Secondly, “bringing in” and “going out” should be combined to improve the layout of manufacturing industry chain; Thirdly, actively carry out regional economic cooperation and promote the construction of high-tech industrial chain dominated by electronic information; Finally, make full use of the economic volume and huge market to help enterprises improve their industry status and international competitiveness.
