TCL Technology released its third quarter report for 2023 today. Its third quarter revenue was 47.96 billion CNY, a year-on-year increase of 14.21%; in the third quarter, it achieved a net profit of 1.27 billion CNY attributable to shareholders of listed companies. In the same period last year, the adjusted loss was 380 million CNY, a year-on-year increase of 431.95%.
From January to September 2023, TCL Technology achieved operating income of 133.1 billion CNY, a year-on-year increase of 5.2%; net profit of 5.57 billion CNY, a year-on-year increase of 185%; net profit attributable to shareholders of listed companies was 1.61 billion CNY, a year-on-year increase of 474%; Net operating cash flow was 16.14 billion CNY. The main performance table as is attached follows:
TCL Technology stated that with the end of the active period of industrial country transfer, the competitive landscape in the mainstream display field has stabilized, and the industry has returned to an orderly development stage based on reasonable commercial returns. Companies continue to optimize business strategies and promote the gradual recovery of the industry.
During the reporting period, the supply and demand relationship for semiconductor displays tended to be healthy, large-size drive area demand increased steadily, and the prices of mainstream products represented by TV panels rebounded to a profitable range; in the first three quarters of 2023, the semiconductor display business achieved operating income of 61.20 billion CNY, A year-on-year increase of 17.5%, of which operating income in the third quarter was 25.68 billion CNY, a year-on-year increase of 73.0%, a month-on-month increase of 25.8%, and a net profit of 1.82 billion CNY, turning losses into profits in a single quarter, with significant improvement in both year-on-year and quarter-on-quarter.
Against the background of the transformation of the global energy structure and the rapid development of the domestic semiconductor industry, the company’s new energy photovoltaic and semiconductor materials businesses continue to consolidate technological leadership and intelligent manufacturing advantages, enhance the collaborative capabilities of the industrial chain, and actively deploy the global market, achieving steady growth in production and sales scale and performance. . During the reporting period, TCL Central achieved operating income of 48.65 billion CNY and net profit of 6.58 billion CNY, a year-on-year increase of 19.9%.
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