The operating profit for the year was 1.05 billion Hong Kong dollars, and the net profit after tax was 800 million Hong Kong dollars. Profit attributable to owners of listed parent companies increased by 345.7% from the same period last year to HK$815 million, the highest in five years.
According to the disclosure, in 2017, TCL Multimedia TV sales exceeded 23 million units, a year-on-year increase of 16.4%, exceeding the annual sales target, and the Chinese market performed better than the industry average. The performance of overseas markets continued to be bright, and North American and Brazilian markets turned over. Doubled growth. The market share of TCL in China and global continues to increase. According to the latest information of IHS Technology and company shipment data, the Group’s global LCD TV market share in 2016 was 10.9%, ranking third.
TCL Multimedia stated that in 2017, the company’s growth in a contrarian direction significantly increased its profitability, mainly due to: 1. Significant increase in sales and sales for the whole year, thanks to the long-term integration advantages of the vertically integrated industrial chain, the performance of the Chinese market Outperformed the industry average, overseas markets, especially North America and Brazil, also performed brightly; 2. Product strength increased significantly, product structure continued to improve, and brand price index increased significantly; 3. Benefited from lower prices in the second half of the year, the overall gross margin included China's gross profit margin rebounded in the fourth quarter; 4. Continual organizational simplification, cost reduction and efficiency enhancement, and the overall cost rate continued to drop; 5. Thunderbird Technology introduced Tencent Digital (Shenzhen) Co., Ltd. as the second largest shareholder, after the completion of the capital increase. A one-time benefit.