TCL Technology’s net profit in the third quarter of 2023 was 1.27 billion yuan, a year-on-year increase of 431.95%

News from this site on October 27, TCL Technology released its third quarter report for 2023 today, with third quarter revenue of 47.96 billion yuan, a year-on-year increase of 14.21%; In the third quarter, net profit attributable to shareholders of listed companies was achieved 1.27 billion yuan, an adjusted loss of 380 million yuan in the same period last year, a year-on-year increase of 431.95%.

From January to September 2023, TCL Technology achieved operating income of 133.1 billion yuan, a year-on-year increase of 5.2%; realized net profit of 5.57 billion yuan, a year-on-year increase of 185%; realized net profit attributable to shareholders of listed companies 1.61 billion yuan, a year-on-year increase of 474%; net operating cash flow was 16.14 billion yuan. The main performance table attached to this site is as 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 changed. Stabilizing, the industry has returned to an orderly development stage based on reasonable commercial returns, and companies continue to optimize business strategies to 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, semiconductor sales The display business achieved operating income of 61.20 billion yuan, a year-on-year increase of 17.5%, of which operating income in the third quarter was 25.68 billion yuan, a year-on-year increase of 73.0%, a month-on-month increase of 25.8%, and a net profit of 1.82 billion yuan, turning a loss into a profit in a single quarter. , both year-on-year and quarter-on-quarter improvements were substantial.

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 global markets, production and sales Achieved steady growth in scale and performance. During the reporting period,

TCL Central achieved operating income of 48.65 billion yuan and net profit of 6.58 billion yuan, a year-on-year increase of 19.9%.

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