Huaxing Optoelectronics contributed nearly 80% of TCL last year's net profit increased by 127%

On February 24, TCL Group announced that in 2013, the company achieved operating income of 85.32 billion yuan, a year-on-year increase of 22.9%; net profit of 2.89 billion yuan, an increase of 126.7%.

During the reporting period, TCL Lighting achieved sales revenue of 301 million yuan and realized a net profit of 5.27 million yuan.

According to the company, the main reason for the increase in performance is that Huaxing Optoelectronics achieved full production and sales in 2013, and continuously optimized and improved its product structure and operation management to maintain a good profit level. TCL related persons said that Huaxing Optoelectronics contributed a lot to the company's performance, and the growth of TCL communication smartphone sales also improved the company's overall profitability.

It is understood that Huaxing Optoelectronics achieved sales revenue of 15.53 billion yuan last year and a profit of 2.26 billion yuan, a substantial increase of six times. The TCL Group achieved a net profit of 2.89 billion yuan last year, and only Huaxing Optoelectronics contributed 78% of the group's net profit.

The industry believes that as a strategic new industry supported by the state, Huaxing Optoelectronics is expected to continue to benefit from policy support in 2014. At the same time, due to the large-scale trend and the demand for ultra-high-definition products, it is expected that the global LCD panel industry will remain better in 2014. demand.

According to TCL, the second phase of the 8.5-generation line has already started construction. In the future, it will enhance the scale effect, further enrich the product structure, and introduce new-generation panel technologies such as OLED.

It is worth noting that the first phase of the global mobile phone production base of TCL Group's communication business was put into operation in September 2013. The second phase of the production base will also be completed in June 2014. By then, the annual production capacity of the company's mobile phone will increase from the current 65 million units. 120 million units will be expected to improve the production efficiency and cost control of the company's products and improve profitability.

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