April 30thFreespinsnodeposit2021, TCL Technology (000100Freespinsnodeposit2021.SZ) issue the 2023 annual report. 2023Freespinsnodeposit2021TCL Technology achieved operating income of 1743.Freespinsnodeposit2021The net profit was 4.781 billion yuan, an increase of 167.37% over the same period last year. The net profit of shareholders belonging to listed companies was 2.215 billion yuan, an increase of 747.60% over the same period last year, and the net operating cash flow was 25.315 billion yuan. The company plans to pay a cash dividend of 1.5 billion yuan, with a dividend ratio of 68%.
TCL Technology said in its annual report that thanks to the improvement in the supply and demand relationship in the semiconductor display industry, the steady increase in the prices of mainstream products, and the company's active efforts to optimize its business strategy and improve its business structure, the company's profitability has improved significantly. During the reporting period, its semiconductor display business achieved an operating income of 83.655 billion yuan, an increase of 27.26% over the same period last year, and its net profit decreased by 7.618 billion yuan over the same period last year, of which it turned a loss into a profit in the third quarter, continued to achieve a good profit in the fourth quarter, and made a total profit of 3.441 billion yuan in the second half of 2023. The company's new energy photovoltaic business achieved operating income of 59.146 billion yuan and net profit of 3.899 billion yuan.
Looking to the future, TCL Technology said that with the continuous optimization of the supply-side pattern and the steady growth of demand area, it shows that the prosperity of the industry is expected to continue to improve, and the operating return of the company's semiconductor display business will be further improved. The photovoltaic industry is currently at the bottom of the cycle, the downstream demand is still growing at a high speed, and the long-term trend of the industry remains unchanged. The company's new energy photovoltaic business will strengthen operational resilience and smoothly pass through the industry cycle with relative competitiveness.
TCL Technology simultaneously disclosed the first quarterly report of 2024. During the reporting period, the company achieved operating income of 39.908 billion yuan, belonging to the net profit of shareholders of listed companies of 240 million yuan, turning losses into profits compared with the same period last year. The net operating cash flow is 6.597 billion yuan.
