TCL Technology's revenue of 133.1 billion yuan increased by 5.2% year-on-year
On October 28th, TCL Technology disclosed its third quarter report, which showed that in the first three quarters, the company achieved operating revenue of 133.1 billion yuan, a year-on-year increase of 5
On October 28th, TCL Technology disclosed its third quarter report, which showed that in the first three quarters, the company achieved operating revenue of 133.1 billion yuan, a year-on-year increase of 5.2%; The net profit attributable to shareholders of the listed company was 1.61 billion yuan, a year-on-year increase of 474%.
The company's semiconductor display business not only turned around losses, but also achieved a net profit of 1.82 billion yuan in the expected slowdown in the rise of TV panel prices in the third quarter. This means that the panel industry has returned to its profit range, and the performance of leading companies is accelerating to improve.
In the fourth quarter, the industry gradually entered the off-season for TV panel stocking. However, based on price observations in October, TV panel prices remained high and stable, without significant adjustments expected by the market. The profitability of panel manufacturers is highly resilient.
According to the third quarter report of TCL Technology, its semiconductor display business achieved a revenue of 25.68 billion yuan in the third quarter, a year-on-year increase of 73.0%, and achieved a net profit of 1.82 billion yuan, turning losses into profits in a single quarter. It can be seen that the strong recovery of the semiconductor display business is the main reason for the improvement of the company's performance in the third quarter.
It should be noted that in the context of the strategic focus of panel factories shifting from market share to profit return, the industry's supply and demand relationship is expected to remain stable for a long time. Panel prices have shifted from significant fluctuations in previous strong cycles to narrow fluctuations with reasonable profits, and the industry has entered a new stage of development.
The fourth quarter is gradually entering the off-season for TV stocking, but Lotu Technology's latest analysis suggests that although TV panel prices below 50 inches may face a slight decrease of around $2 in November, the decline is relatively mild and limited, and the overall operation will remain high. Especially, the prices of large-sized panels above 55 inches will be very strong, and the downward pressure can be ignored.
In addition, the overall increase in prices of large, medium, and small-sized products is also driving the industry's profit center upward. (Quiet)
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