TCL TECH.(000100)2023-04-21 16:00Financial Performance - The company achieved a revenue of RMB 166.55 billion in 2022, representing a year-on-year increase of 1.8%[3] - The net profit for the year was RMB 1.79 billion, with RMB 260 million attributable to the company's shareholders[3] - TCL Zhonghuan's revenue reached RMB 67.01 billion, marking a significant year-on-year increase of 63.0%[6] - The net profit for TCL Zhonghuan was RMB 7.07 billion, reflecting a year-on-year increase of 59.5%[6] - The company reported a net loss of RMB 2.70 billion attributable to shareholders in 2022, marking a 128.57% decline from a profit of RMB 9.44 billion in 2021[28] - Basic earnings per share fell to RMB 0.0191 in 2022, a decrease of 97.44% from RMB 0.7463 in 2021[29] - The company reported a revenue of RMB 40.57 billion in Q1 2022, with a net profit of RMB 1.35 billion attributable to shareholders[31] - In Q2 2022, the company faced a net loss of RMB 689 million attributable to shareholders, with revenue of RMB 43.96 billion[31] - TCL Tech achieved a revenue of RMB166.55 billion in 2022, a year-on-year increase of 1.8%, but net profit decreased by 88.0% to RMB1.79 billion[36] Research and Development - The company invested RMB 10.78 billion in research and development, which is a year-on-year increase of 22.9%[6] - The company invested RMB10.78 billion in R&D, a year-on-year increase of 22.9%, and filed 659 new international patent applications[39] - R&D expenses increased by 19.31% year-on-year to RMB 8.63 billion, reflecting a rise in investment in research and development[76] - The number of R&D employees rose by 13.90% to 10,517, with a notable increase in PhD holders by 14.36%[82] - The company plans to continue increasing investment in research and development for new display technologies such as printed OLED, Miniled, Microled, and Silicon-based OLED micro displays[49] Market Position and Strategy - TCL CSOT maintained a leading position in the TV panel market, ranking first globally in the shipment of 8K and 120Hz high-end TV panels[4] - The semiconductor display industry is expected to stabilize and rebound, with the company optimizing its business and product structures[9] - The company is focusing on optimizing its business structure and enhancing competitiveness in semiconductor displays and new energy photovoltaics[42] - The company plans to expand its technological and product advantages in the new energy photovoltaic business, focusing on G12/N silicon wafers[10] - The company aims to enhance its competitive advantages through the implementation of Industry 4.0 and automation in manufacturing processes[53] Operational Highlights - The sales area of semiconductor displays increased by 8.3% year-on-year, despite a revenue decrease of 25.5% to RMB 65.72 billion[4] - The company reported a total investment amount of RMB 52,419,386,966, representing a 12.89% increase compared to the previous year[91] - The company has committed to a "Carbon Peaking and Carbon Neutrality" strategy, focusing on ecological priority and green development[81] - The company is actively exploring overseas markets and has established factories in Malaysia, the Philippines, and Mexico for photovoltaic products[40] Financial Health - Net cash generated from operating activities decreased by 43.96% to RMB 18.43 billion in 2022, down from RMB 32.88 billion in 2021[29] - Total assets increased by 16.60% to RMB 359.99 billion at the end of 2022, compared to RMB 308.75 billion at the end of 2021[29] - Owners' equity attributable to the company's shareholders rose by 17.74% to RMB 50.68 billion in 2022, up from RMB 43.04 billion in 2021[29] - Cash generated from investment activities increased by 17.50% to RMB 51.43 billion, while cash used in investing activities rose by 26.95% to RMB 98.27 billion[83] Corporate Governance - The company has established a complete internal audit and control system to effectively prevent group risks[121] - The company actively engages in corporate governance and has implemented employee stock incentive plans to enhance corporate performance[122] - The Board of Directors held 27 meetings during the reporting period, with all proposals adopted unanimously[161] - The company has not disclosed any punishments imposed by the securities regulator on incumbent directors, supervisors, and senior management in recent years[151] Environmental Compliance - The company established an advanced sewage management system during the reporting period, ensuring compliance with national and local regulations for wastewater, waste gas, solid waste, and noise emissions[197] - The total discharge of COD from TCL China Star was 884.8 metric tons, with a concentration of 127 mg/L, exceeding the governing discharge standard of 260 mg/L[194] - The company’s wastewater treatment systems ensure that industrial wastewater is treated according to its characteristics before discharge, meeting relevant national and local standards[198] - The company has implemented noise reduction measures in its factories, ensuring that factory noise emissions consistently meet regulatory standards[200]