On March 11, TCL Technology (000100) recently released its 2020 annual report. During the reporting period, the company achieved an operating revenue of 76677238079 yuan, a year-on-year increase of 2.33%; the net profit attributable to shareholders of listed companies was 4388159018 yuan, a year-on-year increase of 67.63%.
During the reporting period, the net cash flow from operating activities was 16698282775 yuan, and the net assets attributable to shareholders of listed companies were 34107795454 yuan by the end of 2020.
During the reporting period, TCL Huaxing achieved product sales area of 29.097 million square meters, a year-on-year increase of 31.2%, operating revenue of 46.77 billion yuan, a year-on-year increase of 37.6%, and net profit of 2.42 billion yuan, a year-on-year increase of 151.1%. In the fourth quarter, it achieved net profit of 1.86 billion yuan, a year-on-year improvement of 2.19 billion yuan.
TCL Huaxing, through its extreme management ability and industrial synergy advantage, has demonstrated its industry-leading ability to resist cycle and risk at the bottom of the cycle, and its scale, share and benefit have all grown against the trend.
In 2020, central semiconductor will continue to promote the goal of leading the photovoltaic industry in the world and the silicon wafer industry in China, and carry out continuous reform around the adjustment of organizational structure, improvement of management efficiency and transformation of manufacturing mode, so as to promote high-quality development. During the reporting period, Zhonghuan semiconductor achieved a total revenue of 19.06 billion yuan, a year-on-year increase of 12.8%, and a net profit of 1.48 billion yuan, a year-on-year increase of 17.0%. The company has included it in the scope of consolidated statements in the fourth quarter of 2020.
During the period, the financial expenses were 2357022129 yuan, an increase of 88.74% over the same period last year, mainly due to the increase of financing scale. During the period, the investment income was 3254404000 yuan, compared with 3442554000 yuan in the same period of last year, a year-on-year decrease.
According to the announcement, the total remuneration of directors, supervisors and senior managers during the reporting period was 28.304 million yuan. Li Dongsheng, chairman and CEO, received a total pre tax remuneration of 7.8122 million yuan from the company, Du Juan, director, COO and CFO, received a total pre tax remuneration of 3.5129 million yuan from the company, and Liao Qian, director, Secretary of the board of directors and senior vice president, received a total pre tax remuneration of 2.334 million yuan from the company.
According to the announcement, the profit distribution plan of the company approved by the board of directors is as follows: 13546581599 shares that can participate in profit distribution on March 10, 2021 as the base (total share capital 14030788362 shares minus 484206 shares that do not participate in profit distribution in the company’s special securities account for repurchase), It is planned to distribute cash dividends of RMB 1.2 (tax included) to all shareholders for every 10 shares, with a total profit of RMB 1625589791.88 and the remaining undistributed profit of RMB 7145804477.12, which will be carried forward for future annual distribution. In this year, no bonus shares will be given and no capital reserve will be converted into share capital. If the total share capital of the company changes before the implementation of the distribution plan due to convertible bond to equity swap, share repurchase, equity incentive exercise, refinancing new shares listing and other reasons, the corresponding adjustment shall be made according to the principle of “the distribution proportion remains unchanged, and the total amount of distribution shall be adjusted”, and the specific amount shall be subject to the actual distribution.
According to digbei.com, TCL’s main business structure includes semiconductor display business, semiconductor photovoltaic and semiconductor materials business, industrial finance and investment platform and other businesses.