Financial Performance - Total revenue for 2022 reached HKD 71.351 billion, a decrease of 4.7% from HKD 74.847 billion in 2021[22]. - Gross profit increased by 4.6% to HKD 13.112 billion, with a gross margin improvement of 1.7 percentage points to 18.4%[22][27]. - Net profit attributable to shareholders was HKD 447 million, down 62.2% from HKD 1.184 billion in 2021[22]. - Adjusted net profit attributable to shareholders rose by 102.4% to HKD 704 million[22]. - Proposed final dividend per share is HKD 0.127, a decrease of 24.0% from HKD 0.167 in 2021[22]. - The gross profit for 2022 was HKD 13.112 billion, compared to HKD 12.534 billion in 2021, indicating an improvement in profitability[50]. - The adjusted net profit attributable to shareholders for 2022 was HKD 704.422 million, significantly up from HKD 348.059 million in 2021[50]. - Profit before tax decreased by 42.3% year-on-year from HKD 1.448 billion in 2021 to HKD 0.836 billion in 2022, impacted by a one-time gain from the sale of equity in 2021[65]. - Net profit attributable to shareholders fell by 62.2% year-on-year from HKD 1.184 billion in 2021 to HKD 0.447 billion in 2022, largely due to the absence of one-time gains from the previous year[67]. Business Segments - Revenue from innovative businesses grew by 22.2% to HKD 10.444 billion, while internet business revenue increased by 24.3% to HKD 2.298 billion[27]. - The display business revenue reached HKD 57.907 billion, with a gross margin increase of 2.1 percentage points to 18.2% year-on-year[33]. - The revenue from innovative businesses grew significantly by 22.2% year-on-year to HKD 10.444 billion, with the full-category marketing business expanding by 29.4% to HKD 8.243 billion[33]. - Internet business revenue grew by 24.3% year-on-year from HKD 1.849 billion in 2021 to HKD 2.298 billion in 2022, with international internet business revenue increasing significantly by 39.6%[55]. - The company expanded its photovoltaic business, adding over 150 new distributors and signing more than 120 commercial projects, covering 9 provinces in China by the end of 2022[30]. Market Position and Strategy - Global shipments of TCL smart screens rose to 23.78 million units, achieving a market share ranking of second globally, with a year-on-year increase of 21.3% in China[28]. - The company is focusing on high-end market breakthroughs and international operations to enhance operational quality and profitability[27]. - The company plans to enhance its global supply chain layout and optimize product structure to improve international market competitiveness[28]. - The company aims to leverage emerging market opportunities and continue its globalization and technological development strategies in 2023[31]. - TCL's smart screen shipment market share ranked second in the US, fourth in Mexico, and fifth in Canada as of December 31, 2022, with a year-on-year growth of 10.4% in emerging markets like the Philippines, Turkey, and Indonesia[39]. Research and Development - R&D expenses increased by 2.0% year-on-year to HKD 2.531 billion, with an R&D expense ratio of 3.5%, up by 0.2 percentage points from the previous year[32]. - Continued investment in R&D will focus on next-generation display technologies and smart interactive fields, including AI and 5G[48]. - The company is investing heavily in R&D, with a budget allocation of 5 billion RMB for new product development, focusing on AI and IoT technologies[87]. - TCL is committed to high R&D investment, focusing on product innovation and developing advanced display technologies such as Mini LED, QLED, and 8K[181]. Corporate Governance - The board of directors consists of 9 members, including 3 independent non-executive directors, ensuring a diverse and experienced leadership team[98]. - The company has adhered to corporate governance codes throughout 2022, with a commitment to transparency and accountability[92]. - The board regularly reviews financial and operational performance, discussing future development plans to ensure strategic alignment[96]. - The company has established a governance framework to monitor compliance with legal and regulatory requirements[140]. - The board confirmed the responsibility for preparing accounts that fairly reflect the group's financial position and performance for each financial period[141]. Social Responsibility and Community Engagement - TCL Foundation spent approximately RMB 52,013,000 on public welfare initiatives in 2022[164]. - The TCL Foundation has supported over 1,200 students through its educational programs, investing around RMB 80 million in education over the past 16 years[165]. - The company is committed to social responsibility, actively participating in educational support, public charity, and school-enterprise cooperation[162]. - In 2022, TCL donated RMB 200,000 to support sports facilities and activities for the Yucai Education Group[167]. - The company built five mother-baby rooms in Shenzhen and organized various donation activities, benefiting over 500 individuals in impoverished mountainous areas[167]. Employee Engagement and Development - As of December 31, 2022, TCL Electronics had a total of 24,694 employees, with total employee costs amounting to approximately HKD 5,568,229,000[75]. - The company has granted stock options to employees, with a total of 39,121,343 shares available for subscription as of December 31, 2022[75]. - The company aims to enhance its talent development programs, focusing on high-potential and specialized talent to meet business needs[161]. - The group recruited approximately 1,500 talents through campus recruitment and summer internship programs in 2022, providing career development opportunities for outstanding graduates[168]. - The company implemented a long-term incentive plan for senior management and key employees to strengthen shared responsibility and benefits, focusing on retaining and motivating core talent[160]. Environmental Sustainability - The group has committed to environmental sustainability and adheres to local environmental regulations in its operations[169]. - The group has implemented strict controls on toxic and harmful substances throughout the production process, ensuring employee and consumer safety[169]. - The group is committed to sustainability, with plans to reduce carbon emissions by 30% by 2025 through energy-efficient product designs[92]. - The group has prioritized the selection of suppliers that meet EU REACH and ROHS standards, ensuring responsible sourcing of materials[177].
TCL电子(01070) - 2022 - 年度财报