yesterdaygamenftwax, TCL Technology (000100.SZ) received surveys from 8 Chinese and foreign investment institutions including China Merchants Securities (600999), introduced the company's business conditions for the whole year of 2023 and Q1 in 2024, and answered questions about the supply and demand of large size panels, price trends, and the company's capital expenditure plans.

1. Introduction to the annual operating situation in 2023

In 2023, TCL Technology will achieve operating income of 1gamenftwax, 74.367 billion yuan, a year-on-year increase of 4.69%, net profit was 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%, and net operating cash flow was 25.315 billion yuan.

2. Introduction to the business situation in Q1 in 2024

In the first quarter of 2024, TCL Technology achieved operating income of 39.908 billion yuan, a year-on-year increase of 1.18%, net profit attributable to shareholders of listed companies of 240 million yuan, a year-on-year increase of 789 million yuan, and net operating cash flow of 6.597 billion yuan.

Looking forward to the future, with the continuous optimization of the supply-side pattern and the steady growth of demand area, it shows that the industry's prosperity is expected to continue to improve, and the operating return of the company's semiconductor display business will further improve; the photovoltaic industry is currently at the bottom of the cycle, and downstream demand is still In high-speed growth, the long-term trend of the industry remains unchanged. The company's new energy photovoltaic business will strengthen its operating resilience and smoothly traverse the industry cycle with relative competitiveness. The company will adhere to the spirit of "fighting hard, daring to fight and winning", firmly grasp the opportunities of upgrading the technological manufacturing industry and transforming the global energy structure, and continue to implement the business strategy of "improving the quality and efficiency of operations, forging long boards to make up for shortcomings, innovation-driven development, accelerating global layout" to achieve sustainable and high-quality development and move towards global leadership.

3. Investor Questions and Answers

1. Long-term supply and demand outlook for large size panels?

Answer: First of all, from the demand side, global TV sales have stabilized at a low level in the past two years. The trend of large size has driven the growth of global average size, and the demand area for TV panels has maintained steady growth. According to third-party data, the average global TV size will reach 50.7 in the first quarter of 2024