On April 15, Tpv Technology Co.Ltd(000727) ( Tpv Technology Co.Ltd(000727) . SZ) disclosed the annual report of 2021. According to the data, in 2021, the company achieved an operating revenue of 70.610 billion yuan, a year-on-year increase of 3.00%; After deducting the net profit not attributable to the parent company, it turned from loss to profit significantly compared with last year. As of December 31, 2021, Tpv Technology Co.Ltd(000727) total assets amounted to 41.394 billion yuan, an increase of 14.88% over the end of the previous year; The net assets attributable to the shareholders of the listed company were 2.023 billion yuan, an increase of 33.92% over the end of the previous year, and the business scale was further expanded.
It is worth noting that by the end of 2021, Tpv Technology Co.Ltd(000727) has exceeded its performance commitments for two consecutive years. According to the performance commitment made during the previous reorganization with East China Science and technology, the audited net profit deducted from non parent company of its subsidiary Tpv Technology Co.Ltd(000727) Co., Ltd. from 2020 to 2022 shall not be less than US $169490900, US $1625381 million and US $185316 million respectively. In fact, Tpv Technology Co.Ltd(000727) Co., Ltd. achieved 162% and 115% of its performance commitments in 2020 and 2021, respectively, which have been overfulfilled.
for 18 consecutive years, it has ranked first in the global display market and has a stable position in the industry
In 2027, the main business volume of display has remained the first in the world, and the main business volume of display has remained stable.
Statistics show that Tpv Technology Co.Ltd(000727) formerly known as Edmund overseas Co., Ltd., it gradually took root in the mainland after setting up TPV electronics in Fuqing City, Fujian Province in 1990, and established the largest display production base in Asia. Since then, Tpv Technology Co.Ltd(000727) has grown rapidly and became the world’s second largest computer display manufacturer in 2001. Four years later, it has greatly increased its own production capacity by acquiring the production and manufacturing business of computer displays and some flat screen TVs under Philips, and jumped to become the world’s largest display manufacturer.
The annual report points out that Tpv Technology Co.Ltd(000727) actively responded to market changes in 2021, timely adjusted products and sales strategies, continued to develop high value-added products such as E-sports displays and large screen business displays while producing and selling traditional computer displays, served end consumers and commercial customers, and created a full-scale video solution with full industry, full scene and full size. During the reporting period, the company’s display product revenue increased by 6.8% year-on-year to 40.709 billion yuan, accounting for 30.5% of the total global shipments, and continued to maintain the world’s leading position. Among them, high value-added products including E-sports displays continued to grow, with shipments increasing by 10.2% year-on-year. Its AOC brand won the sales champion of global E-sports displays for three consecutive years.
Relying on the advantages of display business in market resources, technology R & D and innovation, business expansion and other aspects, Tpv Technology Co.Ltd(000727) ‘s TV business has also grown steadily and stood in the forefront in many emerging markets around the world. During the reporting period, Tpv Technology Co.Ltd(000727) according to the market conditions and user needs, independently innovated and developed a new generation of advanced smart TV technology, and cooperated with well-known enterprises in other fields to create smart TV products with unique style and meet the high-end audio-visual experience of consumers. By extending to medium and high-end value products, the revenue of Tpv Technology Co.Ltd(000727) TV business in 2021 increased by 16.6% year-on-year to RMB 25.057 billion, and the TV market share has steadily ranked among the top five in the world in recent five years.
R & D and manufacturing inject core momentum, and multi brand synergy drives growth
The annual report shows that Tpv Technology Co.Ltd(000727) invested 1.316 billion yuan in R & D in 2021. The company has R & D centers in Taipei, Fuqing, Xiamen, Shenzhen, Singapore, Manaus, Belgium, Ghent and Bangalore, India, employing more than 3000 R & D engineers, widely distributed in R & D fields such as software, power supply, institutions, electrical, parts, safety regulations and testing, and has more than 1000 patents. Strong R & D and manufacturing strength is the core driving force driving the steady growth of Tpv Technology Co.Ltd(000727) performance.
In addition, Tpv Technology Co.Ltd(000727) has 13 production bases in many places around the world. The company attaches great importance to the automation, informatization and intelligent transformation of production and manufacturing links. By deeply integrating the new generation of information technology and manufacturing, Tpv Technology Co.Ltd(000727) continuously improve and upgrade the manufacturing process, comprehensively promote the transformation of intelligent chemical plant, consolidate and deepen the professional ability in the field of intelligent display manufacturing, and further improve the production efficiency and product quality.
During the reporting period, Tpv Technology Co.Ltd(000727) launched a variety of new models of monitors, TVs and headphones, combined with advanced technology to improve product quality and performance, and the products were recognized by a number of international industrial design awards. Among them, many Philips TV and audio-visual products, such as oled806 TV and Fidelio T1 true wireless headset, won 4 red dot design awards and 4 EISA awards for their excellent functions and unique design. Based on the accumulation of high-quality intelligent manufacturing services and technology, Tpv Technology Co.Ltd(000727) has accumulated a good reputation among the downstream leading IT brand manufacturers, and has diversified customer groups. The shipment volume of display has been stable in the first place in the world all year round, realizing “the strong is always strong”.
At present, Tpv Technology Co.Ltd(000727) has built a super brand matrix around the four brands of “AOC”, “Philips”, “agon” and “envision”, focusing on different positioning, product portfolio and regions. The products cover different consumption levels of low, medium and high-end, and cover different application scenarios such as smart education, smart office, smart retail, smart home, smart transportation, smart medicine and smart city. At the same time, relying on more than 3500 sales and service centers around the world and the “five new channels” of new distribution, new entities, new online cafes, new live broadcasting and new education created by its AOC brand, Tpv Technology Co.Ltd(000727) all brand products keep pace with each other to jointly drive the growth of business at home and abroad, and the influence and penetration of the company’s own brand business continue to improve.
synchronous disclosure of ESG development report, reflecting the sense of corporate social responsibility
It is worth noting that Tpv Technology Co.Ltd(000727) this time also disclosed the environmental, social and Governance Report 2021.
The report shows that as a leading manufacturer of video products, Tpv Technology Co.Ltd(000727) attaches great importance to environmental protection and sustainable development. It not only realizes the green transformation of its factory by improving energy efficiency, reducing greenhouse gas emissions, optimizing water resources and sewage management system, improving solid waste management and increasing biodiversity protection, but also adheres to the principle of green and sustainable product design, Integrate the concept of green and low carbon into the whole design life cycle, increase the use proportion of recycled materials and green materials, develop new green and low-carbon technologies, increase the design of recyclable products, continuously reduce the carbon footprint of products and reduce the potential impact on the environment from the source.
In response to the national “double carbon” target, Tpv Technology Co.Ltd(000727) in this ESG report, took the lead in publicly proposing the carbon emission reduction target, and promised to take 2020 as the base year to reduce the absolute emissions of enterprise scope I and scope II by 42% and the absolute emissions within the life cycle of sold products in scope III by 42% by 2030. This carbon reduction target is consistent with the highest target of the Paris Agreement, which limits temperature rise to 1.5.
At present, Tpv Technology Co.Ltd(000727) ‘s ESG practice has been widely recognized by the society. In 2021, it was successively selected into the “ESG · pioneer 50 index of central enterprises in 2021”, awarded the “outstanding social responsibility enterprise of the year” of Jinqiao award and the “ESG pioneer enterprise of 2021” of international finance news.
Tpv Technology Co.Ltd(000727) said that in the future, focusing on the global strategic needs under the new situation, the company will continue to optimize its business structure, increase investment, layout the market of high value-added products such as E-sports display, business display and smart TV, increase the proportion of high gross profit business, form complementary resources and maximum business collaboration, and create a professional, comprehensive and integrated industry solution ecosystem, Actively participate in and integrate into China’s electronic digital city ecological alliance system, and make steady progress towards the goal of becoming a “world-class display giant”.
