TCL’s revenue increased in the first half of the year, but its profits declined: net profit attributable to the parent company was 340 million yuan, a year-on-year decrease of 48.68%

News from this site on August 31, TCL Technology Group recently announced its first half of 2023 report, achieving operating income of 85.149 billion yuan, a year-on-year increase of 0.74%; Net profit attributable to the parent company was 340 million yuan, a year-on-year decrease of 48.68% . The main performance table attached to this site is as follows:

During the reporting period, TCL’s semiconductor display business achieved operating income of 35.53 billion yuan, a year-on-year decrease of 4.7% %, of which operating income in the second quarter was 20.41 billion yuan, a year-on-year increase of 18.5% and a quarter-on-quarter growth of 34.9%. Net profit decreased by 2.15 billion yuan compared with the first quarter.

Looking forward to the second half of the year, terminal demand is expected to rebound due to seasonal effects. The new trend of the on-demand production industry formed under the demand for reasonable commercial returns will promote the balanced development of industry supply and demand and healthy inventory, At present, the prices of large-size display products continue to rise, the prices of some medium-size products have begun to bottom out, and the prices of small-size products have stabilized. Benefiting from the improving industry trends and the optimization of the company's business structure, TCL is confident that its semiconductor display business will achieve significant improvement in operations in the second half of the year.

In terms of new energy photovoltaic and semiconductor materials business, TCL Zhonghuan achieved operating income of 34.9 billion yuan during the reporting period, a year-on-year increase of 10.1%; net profit was 4.84 billion yuan, a year-on-year increase of 50%

TCL Technology stated that the company currently has 2 11th generation, 4 8th generation and 2 6th generation semiconductor panel production lines, and its production capacity ranks second in the world

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