Home » TCL Electronics’ revenue increase in 2021 will not increase Thunderbird Technology’s revenue of nearly HK$1.5 billion_Business_YoY Growth_Group

TCL Electronics’ revenue increase in 2021 will not increase Thunderbird Technology’s revenue of nearly HK$1.5 billion_Business_YoY Growth_Group

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Original title: TCL Electronics will increase its revenue in 2021 without increasing the revenue of Thunderbird Technology

In the post-pandemic era, rising costs of raw materials and shipping will prevent many companies from increasing revenue but not profit in 2021. On the evening of March 11, TCL Electronics, a Hong Kong-listed company, released its 2021 financial report, showing that the company’s operating income in 2021 was HK$74.85 billion, a year-on-year increase of 46.9%; gross profit reached HK$12.53 billion, a year-on-year increase of 29.7%. Affected by the increase in raw material prices, the net profit attributable to the parent company of the operating business amounted to HK$1.18 billion, a year-on-year decrease of 35.9%.

At the same time, the TV business volume fell and rose. The global smart screen sales volume was 23.58 million units, and the business income was 49.27 billion Hong Kong dollars. The domestic TV sales revenue reached 13.24 billion Hong Kong dollars. TCL’s global Internet business revenue reached 1.85 billion Hong Kong dollars, and the domestic Internet business (Falcon Technology-related business) revenue reached 1.49 billion Hong Kong dollars.

TV sales of 23.58 million units and revenue of HK$49.27 billion

In 2021, TCL’s electronic business structure is reclassified into display business, innovation business and Internet business. Among them, the display business includes large-size display business (ie, smart screen business), small and medium-sized display business, and smart business display business.

In terms of display business, the revenue of large-size display business was 49.27 billion Hong Kong dollars, a year-on-year increase of 24.3%; the global smart screen sales volume was 23.58 million units, a slight decrease of 1.5% year-on-year; the sales volume market share increased by 0.8 percentage points year-on-year to 11.5%, ranking firmly in the world Top three.

Among them, in 2021, the sales volume of TCL smart screens in the Chinese market will decrease by 24.4% year-on-year, but the average selling price will record a year-on-year increase of 36.0%. percentage point.

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The average sales size of the company’s smart screens increased by 2.5 inches from 49.9 inches in 2020 to 52.4 inches in 2021, of which the sales volume of TCL smart screens of 65 inches and above increased by 8.3 percentage points to 27.0%.

The volume and price of the international market increased. The sales volume of TCL smart screens increased by 7.6% year-on-year, and the average selling price increased by 25.1% year-on-year.

Among them, the sales volume of TCL smart screens in the European market increased by 47.6% year-on-year; the sales volume in the North American market decreased by 6.2% year-on-year; the sales volume in emerging markets such as Asia-Pacific increased by 10.5% year-on-year.

In terms of small and medium-sized display business, the Group released a variety of small and medium-sized display products such as TCL 20 series and 30 series 5G mobile phones and tablets during the year. In 2021, the total sales volume of the group’s small and medium-sized display business will reach 25.31 million units, a year-on-year increase of 7.5%; revenue will be HK$14.38 billion, a year-on-year increase of 29.5%.

In terms of smart business display business, in 2021, the Group will join hands with DingTalk and Tencent Conference Ecosystem to develop the commercial interactive tablet market. In 2021, the Group’s smart business display business will continue to expand, with total revenue increasing by 18.3% year-on-year to HK$310 million.

TCL Group’s innovative businesses include smart connection, smart home, full-category marketing and photovoltaic business. Revenue in 2021 will be HK$8.55 billion, a year-on-year increase of 86.7%. Mainly due to the rapid expansion of intelligent connection business and full-category marketing business, the year-on-year growth rate of its revenue reached 211.4% and 70.7% respectively.

Smart Connect focuses on smart connected products including smart glasses, routers, and smart wearables. Released TCL NXTWEAR Air and Thunderbird Smart Glasses Pioneer Edition, officially entering the AR/VR track. In 2021, the overall sales volume of the Group’s intelligent connectivity business will reach 5.25 million units, a year-on-year increase of 33.5%; revenue will reach HK$1.56 billion, a significant year-on-year increase of 34.2%.

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In 2021, the Group’s smart home business revenue will reach HK$610 million, a year-on-year increase of 78.9%. At the same time, in order to further improve the intelligent IoT ecosystem and all-category layout, the Group leverages its existing global market brand and channel advantages to distribute TCL air ice washing products. In 2021, the distribution revenue of the Group’s full-category marketing business will reach HK$6.37 billion, a year-on-year increase of 70.7%.

Falcon Technology‘s revenue of HK$1.49 billion

In recent years, TCL’s Internet business has continued to develop. In 2021, the Group’s global Internet business revenue will reach HK$1.85 billion, a year-on-year increase of 49.9%. The domestic Internet business (Falcon Technology-related business) had a revenue of HK$1.49 billion, a substantial increase of 63.7% year-on-year.

Among them, in 2021, the member business income of Falcon Network Technology Group will increase by 62.3% year-on-year, and the vertical and innovative business income will increase by 78.1% year-on-year.

Falcon Technology comprehensively expands innovative businesses such as children’s business and large-screen education, and develops vertical content fields such as cloud games and short videos. Among them, the children’s business increased by 316.8% year-on-year, and the innovative business has gradually become a new engine for the company’s revenue growth.

At the same time, the financial report shows that as of the end of February 2022, the group has further increased its stake in Falcon Network Technology to 82.22%, and it is expected that its contribution to the group’s revenue and profits will further expand in the future.

Revenue from overseas Internet business reached HK$360 million, a year-on-year increase of 11.2%. In 2021, the company will add revenue from Google’s platform operation and complete the commercialization of the company’s content aggregation application TCLChannel. As of the end of December 2021, TCL Channel has covered 58 countries in North America, Europe, Central and South America, and Asia-Pacific, with a cumulative number of 7.05 million users.

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In 2021, TCL Electronics’ R&D expenses were HK$2.48 billion, a year-on-year increase of 52.2%; the main reason for the increase was that the Group continued to increase its focus on cutting-edge technologies such as Mini LED, AI, IoT, 5G, cloud services, big data, intelligent interaction, Android TV system, and the Internet. R&D investment in technology.

Looking ahead to 2022, the Group will continue to develop high-end display technologies such as Mini LED, quantum dots and 8K, and at the same time focus on intelligent interactive technology, promote the exploration of AI, Internet big data, 5G, intelligent manufacturing and other technical fields, and continue to enhance the competitiveness of core technologies.

In 2021, TCL Electronics’ gross profit margin will be 16.7%, a year-on-year decrease of 2.3 percentage points. Among them, the gross profit margin of the display business in 2021 will be 16.1%, a year-on-year decrease of 2.1 percentage points.

At the same time, upstream panel prices will gradually fall in the second half of 2021, and the company’s gross profit margin has continued to rebound since the third quarter of 2021. According to the financial report, the board of directors recommended an annual dividend of 16.70 Hong Kong cents per share, and the annual dividend payout ratio reached 35.0% of the net profit attributable to the parent.

Beijing News Shell Finance reporter Chen Weicheng editor Yue Caizhou proofreading Zhang YanjunReturn to Sohu, see more

Editor:

Disclaimer: The opinions of this article only represent the author himself, Sohu is an information publishing platform, and Sohu only provides information storage space services.

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