TCL Technology had revenue of 126.514 billion yuan and net profit of only 280 million yuan in the first three quarters.
CTOnews.com October 24 news, TCL Technology Group Co., Ltd. today released the third quarter of 2022 report, the company's operating income in the first three quarters of 126.514 billion yuan, an increase of 4.52% over the same period last year, and net profit of 280 million yuan, down 96.92% from the same period last year.
According to the report, TCL Technology's third-quarter operating income was 41.992 billion yuan, down 9.95 percent from the same period last year; its net loss was 382 million, compared with a net profit of 2.308 billion in the same period last year.
TCL Technology said that the semiconductor display business due to environmental changes, the cycle repair upstream point delay, the average product price in the first three quarters of this year was significantly lower than the same period last year, and the industry profit margin entered the bottom of the cycle. This round of cycle adjustment will help the industry to further integrate and overcome the weak, increase the degree of industrial concentration, and the expected rate of return of the industry will return to rationality; at the same time, some market demand is gradually repairing, and the prices of major products have begun to stabilize and pick up. Under the historical opportunity of the transformation of the global energy structure and the rapid growth of domestic semiconductor demand, the company's new energy photovoltaic and semiconductor materials business continues to consolidate its technological leadership and increase the production capacity and market share of differentiated products. revenue and performance have achieved rapid growth.
CTOnews.com learned that during the reporting period, TCL Huaxing realized a display panel sales area of 3267 million square meters, an increase of 15% over the same period last year, and the revenue of the display business was 52.1 billion yuan.
During the reporting period, TCL Technology holding subsidiary TCL Central achieved an operating income of 49.84 billion yuan, an increase of 71.35% over the same period last year, and a net profit of 5.49 billion yuan, an increase of 68.94% over the same period last year.
