TCL Technology's net profit in 2022 will be 261 million yuan, down 97.4% year-on-year

On March 31, TCL Technology (000100) recently released its 2022 annual report. During the reporting period, the company achieved operating income of 166,552,785,829 yuan, a year-on-year increase of 1.77%; net profit attributable to shareholders of listed companies was 261,319,451 yuan, a year-on-year decrease of 97.40%.

During the reporting period, the net cash flow from operating activities was 18,426,376,609 yuan, and the net assets attributable to shareholders of the listed company were 50,678,520,477 yuan.

During the reporting period, TCL China Star further consolidated its position in the industry, achieving a sales area of 42.75 million square meters, a year-on-year increase of 8.3%, and ranking second in the world's TV panel market share. Affected by the decline in the prices of major display products, the semiconductor display business achieved operating income of 65.72 billion yuan, a year-on-year decrease of 25.5%, and suffered a loss for the whole year. In order to meet the challenges, TCL China Star took the initiative to change, grasp extreme cost efficiency, improve risk management and cycle resilience, and achieve operating cash flow of 14.76 billion yuan; at the same time, it accelerated the adjustment of its product structure, actively opened up new customers, and became a size comprehensive display leader. Steadily move forward.

The announcement shows that the total remuneration of directors, supervisors and senior managers during the reporting period was 48.071 million yuan. Chairman and CEO Li Dongsheng received a total pre-tax remuneration of 10.3741 million yuan from the company, director and senior vice president Zhao Jun received a total pre-tax remuneration of 121,900 yuan from the company, and director, secretary to the board of directors and senior vice president Liao Qian received a total pre-tax remuneration of 5.6534 million yuan from the company.

The announcement disclosure shows that the profit distribution and capital reserve conversion plan reviewed and approved by the company's board of directors is: based on the company's share capital of 17,071,891,607 shares as of March 30, 2023, the capital reserve fund will be used to increase 1 share for every 10 shares of all shareholders. After the transfer of capital, the company's total share capital will be changed to 18,779,080,767 shares. There will be no cash dividends and no bonus shares this year. If before the implementation of the distribution plan, the company's total share capital changes due to reasons such as convertible bond conversion, share repurchase, equity incentive exercise, refinancing and listing of new shares, the total increase will be adjusted according to the principle of unchanged conversion, and the total increase will be adjusted accordingly, and the specific results will be subject to the actual increase result.

Data shows that TCL Technology has semiconductor display business, new energy photovoltaic and semiconductor materials business as its core main businesses, continues to optimize its business structure, further focuses on resources on the development of its main businesses, and achieves its world-leading strategic goal.