Huaxing Optoelectronics lost nearly 430 million yuan, dragging TCL's net profit in the first half of the year by 48%
On August 8, TCL Group released the 2012 semi-annual report. During the reporting period, TCL Group achieved operating income of approximately RMB 29.8 billion, representing an increase of 8.97% over the same period of last year; net profit of approximately RMB 480 million, representing a year-on-year decrease of 43.76%; net profit attributable to shareholders of listed companies was RMB 280 million, a year-on-year decrease of 47.5%;
During the reporting period, Huaxing Optoelectronics business was still in the stage of production rampage, new products and new processes were gradually introduced, and the panel industry was still at a low point in the cycle, resulting in Huaxing Optoelectronics operating loss of 428 million yuan. In addition, TCL Group believes that the global panel industry is still in a cyclical downturn, and the loss of the whole industry continues. Before 2008, Japanese, Korean and Taiwanese companies made large-scale investments, and the production capacity was released after the financial crisis. The financial crisis has led to a slowdown in global market demand, resulting in a situation of oversupply in the LCD panel industry, resulting in a decline in the price of LCD panel products and continued losses throughout the industry.
During the reporting period, Huaxing Optoelectronics 32-inch LCD panel products, 37-inch and 46-inch LCD screens have been developed and tested. The progress of Huaxing Optoelectronics' production rampage was relatively smooth, and the comprehensive product yield of products in June reached 92.80%. Among them, 32-inch LCD products sold a total of 1.69 million pieces in China. The company has achieved shipments to second-tier customers in China, and is currently actively exploring first-tier customers and overseas market customers in the domestic market. TCL Group said that the technology and quality of 32-inch products have been recognized by well-known foreign machine manufacturers. Since the second quarter, Huaxing Optoelectronics has purchased more than 20% of its sales volume except TCL. It is expected that the number and proportion of customer purchases in addition to TCL will increase further in the second half of the year.
It is reported that Huaxing Optoelectronics will establish a "competitive industrial system, product system, technological innovation system and operation management system" in the second half of the year, step up the development and introduction of new technologies, new processes and new materials, and realize monthly processing as soon as possible. Design capacity of 10,000 glass substrates.
During the reporting period, Huaxing Optoelectronics business was still in the stage of production rampage, new products and new processes were gradually introduced, and the panel industry was still at a low point in the cycle, resulting in Huaxing Optoelectronics operating loss of 428 million yuan. In addition, TCL Group believes that the global panel industry is still in a cyclical downturn, and the loss of the whole industry continues. Before 2008, Japanese, Korean and Taiwanese companies made large-scale investments, and the production capacity was released after the financial crisis. The financial crisis has led to a slowdown in global market demand, resulting in a situation of oversupply in the LCD panel industry, resulting in a decline in the price of LCD panel products and continued losses throughout the industry.
During the reporting period, Huaxing Optoelectronics 32-inch LCD panel products, 37-inch and 46-inch LCD screens have been developed and tested. The progress of Huaxing Optoelectronics' production rampage was relatively smooth, and the comprehensive product yield of products in June reached 92.80%. Among them, 32-inch LCD products sold a total of 1.69 million pieces in China. The company has achieved shipments to second-tier customers in China, and is currently actively exploring first-tier customers and overseas market customers in the domestic market. TCL Group said that the technology and quality of 32-inch products have been recognized by well-known foreign machine manufacturers. Since the second quarter, Huaxing Optoelectronics has purchased more than 20% of its sales volume except TCL. It is expected that the number and proportion of customer purchases in addition to TCL will increase further in the second half of the year.
It is reported that Huaxing Optoelectronics will establish a "competitive industrial system, product system, technological innovation system and operation management system" in the second half of the year, step up the development and introduction of new technologies, new processes and new materials, and realize monthly processing as soon as possible. Design capacity of 10,000 glass substrates.
Guangzhou Ehang Electronic Co., Ltd. , https://www.ehangmobile.com