TCL Technology, a leading electronics manufacturer, has reported significant progress in its vehicle display business, with smooth progress in customer introduction, project development, mass production, and shipment. The company is rapidly expanding its market share in the LTPS vehicle segment to meet the growing demand from downstream customers. TCL Technology maintains strong cooperation with global Tier1 brand factories to ensure the quality of its products.
Optimization of Business Structure in Semiconductor Display Business
TCL Technology's semiconductor display business is continuously optimizing its business structure to increase the proportion of module shipments. The company is working with partners to create integrated software and hardware services in emerging businesses such as commercial display. TCL Technology maintains a close cooperative relationship with upstream and downstream partners in the industry chain to ensure seamless integration of its products.
Growth in Medium-sized Business Segment
TCL Technology has continuously improved its production capacity layout in the medium-sized business segment, creating new momentum for business growth. Based on the optimization of existing production capacity, the company has improved its series of medium-sized products and customer structure, achieving rapid growth in the IT high-end market segment. TCL Technology's e-sports display business is developing strongly in the semiconductor display segment.
Financial Expectations for 2022
TCL Technology expects to achieve operating income of 167 billion to 169.6 billion yuan in 2022, an increase of 2% to 4% over the same period last year. However, the net profit attributable to shareholders of listed companies is expected to decrease by 96%-97% over the same period last year, with a range of 255 million to 358 million yuan. The decrease is attributed to the company's investment in research and development, product innovation, and market expansion.
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