TCL Technology's net profit attributable to parent company increased by 747.6% in 2023, and plans to distribute dividends of 1.5 billion yuan

According to news from this site on April 30, TCL Technology disclosed its 2023 annual report today. The announcement shows that the company achieved operating income of 174.367 billion yuan, a year-on-year increase of 4.69%; net profit of 4.781 billion yuan, a year-on-year increase of 167.37%; Net profit attributable to shareholders of listed companies was 2.215 billion yuan, a year-on-year increase of 747.60%; Net cash flow was 25.315 billion yuan.

• The operating income of the semiconductor display business was 83.655 billion yuan, a year-on-year increase of 27.26%; the net loss was 7.618 billion yuan, a year-on-year decrease of 7.618 billion yuan.

• The operating income of the new energy photovoltaic business was 59.146 billion yuan, a year-on-year decrease of 11.74%; the net profit was 3.899 billion yuan, a year-on-year decrease of 44.88%.

TCL Technology said that relying on the continued optimization of the supply-side structure and the steady growth of demand area, looking into the future, the company’s semiconductor The operating returns of the business will further improve; the photovoltaic industry is currently at the bottom of the cycle, downstream demand is still growing at a high speed, and the industry's long-term positive trend remains unchanged. The company's new energy photovoltaic business will strengthen its operational resilience and smoothly ride through the industry cycle with relative competitiveness.

TCL Technology simultaneously disclosed its first quarter report for 2024. During the reporting period, the company achieved operating income of 39.908 billion yuan, net profit attributable to shareholders of listed companies of 240 million yuan, turning losses into profits year-on-year. Net operating cash flow was RMB 6.597 billion.

This site learned from the announcement that TCL Technology plans to distribute 1.5 billion yuan in cash dividends to all shareholders, with a dividend ratio of close to 68% .

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