On the evening of April 12, TCL Group released its 2017 performance report. During the reporting period, it achieved a total revenue of 111.58 billion yuan, an increase of 4.79% year-on-year to 106.47 billion yuan in the same period of the previous year; and a net profit of 3.534 billion yuan. The net profit of shareholders of listed companies was 2.665 billion yuan, which was a year-on-year increase of 66.32% compared with 1.602 billion yuan in the same period of 2016.
The report also shows that in 2017, TCL Multimedia sales revenue increased by 22.4% year-on-year, and net profit increased by 345.7% year-on-year. Annual sales of LCD TVs were 23.737 million units, up 15.9% year-on-year, of which sales of smart Internet TVs were 15.172 million units, up 34.8% year-on-year. %. Performance in the Chinese market was better than the industry average, overseas markets performed consistently brighter, overseas sales rose 33.5% year-on-year, North American and Brazilian markets doubled. According to IHS Technology data, TCL was in the global LCD TV market in 2017 The market share was 10.9%, ranking third.
In 2017, sales of TCL's sales of communication products totaled 43.876 million units, a year-on-year decrease of 36.2%, and a large loss for the whole year. The company said that it was mainly due to the continued downturn in the overseas mobile phone market, intensified industry competition, and the impact of internal organization and business restructuring. On September 30, 2017, the company let TCL communicate 49% of the equity, introduced strategic investors with industrial background and business resources, and the equity settlement was completed in October. The loss of future communications performance will reduce the group's drag. And with the company The Group promoted the optimization of the organizational structure, lowered costs, improved operational efficiency, and innovated business cooperation models. At the beginning of 2018, it began to improve its performance. In the first quarter, the communications business had significantly reduced losses.
In addition, TCL also announced the performance forecast for the first quarter of 2018. During the reporting period, the company achieved a net profit of 750 million to 850 million yuan, an increase of 12% to 26% over the same period of the previous year.
In the first quarter of 2018, the sales volume of TCL multimedia color TV reached 6.374 million units, an increase of 35.6% year-on-year, of which smart TV sales were 4.694 million units, an increase of 50.2% year-on-year; 4K TV sales were 1.817 million units, a year-on-year increase of 65.3%. The company stated that The sales performance in the Chinese market continued to outperform the industry average, sales in overseas markets continued to grow strongly, business performance improved significantly, and TV sales in the first quarter of TCL Multimedia achieved the largest increase in the past five years. In addition, the company’s home Internet and mobile Internet terminals and active users The number continued to grow rapidly. As of the end of the first quarter, there were nearly 26 million cumulative active subscribers operating through the company's intelligent network television terminals, and an accumulated number of active users reached 44.42 million through the network-operated intelligent network television terminals.
TCL Group stated that during the reporting period, the main reasons for the company’s profit growth were:
(1) The amount of Huaxing Optoelectronic Co., Ltd. has increased year-on-year, the product structure has continued to be optimized, and the profit has remained at a relatively high level. The Group's shareholding in China Star Optoelectronics has increased compared to the same period of last year;
(II) Multi-media, sales of home appliance group products kept growing, and business performance improved significantly;
(3) The communications business has substantially reduced losses over the same period of last year;
(IV) The company deepened transformation and transformation, optimized organization and industrial structure, improved operating efficiency and asset operating efficiency.