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Financial Performance of TCL Group in 2017

  • source:TCL LED Lighting
  • Time:05/31/2018

In April 12th, TCL LED Lighting group released its 2017 performance bulletin and earnings forecast in first quarter of 2018. In 2017, TCL Group achieved 111.6 billion RMB (17.71 billion USD) in revenue, increased 4.79% compared to year 2016, and achieved a net profit of 3.53 billion RMB ( 0.56 billion USD). The net profit attributable to the shareholders of the listed company is 2.66 billion RMB(0.422 billion USD), increased 66.32% and the basic earnings per share is 0.22 RMB( 0.035 USD). In the first quarter of 2018, the company estimated that the net profit attributable to shareholders of listed companies is 680 million to 780 million RMB (107.94 to 123.8 USD), will increase 52% to 74% over the same period last year.

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The announcement shows that the growth of TCL has benefited from the transformation and transformation of a new round of "changing the concept of management, optimizing the organization process, innovating the business model and removing the obstacles to development". As the results of the transformation are obvious, the overall improvement of business performance has been reversed, and the performance of the company has been lingering for three years. In particular, the first quarter of this year, China Star Optoelectronics, multimedia and household electrical appliances group continued to maintain profit growth, communications business greatly reduced losses, and the deepening of transformation has become an important reason for the growth of financial performance.

 

At the same time, the TCL group launched the "TOP400 and core backbone shareholding program and the TCL Group Global Partner Program" in March 2018, and the "2018 restrictive stock incentive plan and the TCL Group Global enjoyment plan", which closely bundled the interests of the employees with the group, which highlighted the group's future development. With the steady progress of group transformation, we believe that the development of TCL group will usher in a new height

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