TCL科技：2023年年度报告（英文版）

TCL科技集团股份有限公司 TCLTechnologyGroupCorporation ANNUALREPORT2023 April28,2024 Amidrapidswebeatthewavesandsailsteadilytoreachfar ANNUALREPORT2023Chairman'sStatement Amidstatighteningfinancialenvironment,intensifyinggeopoliticalconflicts,andrapidrestructuringofglobalsupplychain,theworldeconomysloweddownin2023.Inthewakeofopportunitiesamidchallenges,theeconomicrestructuringbroughtnewimpetustothetransformationandupgradingofthetechnologyindustry,andtheevolvingglobalenergylandscapefurtherhighlightedtheimportantlystrategicpositionofthenewenergyindustry. Withthestrategicgoalofbecomingagloballeadingtechnologyconglomerate,theCompanypivotedonthedevelopmentofhigh-tech,long-cycle,andcapital-intensivebusinesses,strengthenedtheleadingedgeofitscorebusinessesindisplayandnewenergyphotovoltaics.Underthebackdropofacomplexoperatingenvironment,theCompanycementeditsfoundation,enhancedriskmanagementcapabilities,pursuedextremecostefficiency,anddrovedevelopmentthroughtechnologyinnovation.In2023,theCompanyachievedarevenueofRMB174.367billion,up4.69%yearonyear;netprofitsofRMB4.781billion,up167.37%yearonyear;netprofitattributabletoshareholdersofthelistedcompanyofRMB2.215billion,up747.60%yearonyear;andnetoperatingcashflowofRMB25.315billion. DuringtheReportingPeriod,thesalesofdisplayatuser-endmarketremainedsluggish.Onthesupplyside,theindustrystructurecontinuedtooptimize,competitiontendedtobebenign,andthepricesofmajorproductsreboundedamidstabilization.TheCompany'sdisplaybusinesskeptoptimizingbusinessstrategies,andcontinuedtoimplementthehigh-endstrategy,withastablegrowthinthemarketshareofmajorproducts.TCLCSOTremainedtop2ndgloballybyitsmarketshareofTVproducts,whileitsmarketshareofe-sportsmonitorsandLTPStabletproductsrankedfirstglobally.Thet9productionline,positionedatmid-sizedITandvehicle-mounteddisplayproducts,startedserialproductionandshipments,andtheproportionofOLEDhigh-endproductshipmentsrosequickly.DuringtheReportingPeriod,thedisplaybusinessachievedarevenueofRMB83.655billion,withayear-on-yearincreaseof27.26%,andanetprofitofnegativeRMB7million,withayear-on-yearimprovementofRMB7.618billion,amongwhichanetprofitofRMB3.441billionwasrecordedinthesecondhalfof2023,indicatingsteadilyimprovingprofitability. In2023,theglobalnewenergyphotovoltaicindustryandcorporatedevelopmentembarkedonanewpattern.Affectedbythecapacitycentrallyreleasedalongsidetheindustrialchain,thesupplyanddemandwasunbalanced,withsignificantdeclineofproductprices,andsomelow-efficientcapacityfacedthepressureofelimination.Overall,theindustrystructurewasexpectedtobeoptimized.DuringtheReportingPeriod,TZErecordedarevenueofRMB59.146billion,downby11.74%yearonyear.Undertheinfluenceofthedecreasingproductprice,lossfrominvestees,provisionforimpairmentlossandotherfactors,TZEreportedayear-on-yeardecreaseof44.88%innetprofittoRMB3.899billionthroughouttheyear.Inthefaceofchallenges,TZEmaintaineditsstrategicresolveandstrengtheneditscompetitiveness.Ontheonehand,itleverageditsdifferentiatedadvantagesinG12,N-typesiliconwafers,shinglecomponentsandintelligentmanufacturing,andacceleratedindustryintegrationthroughtechnologicalinnovationsoastopassthroughindustrialcycles.Ontheotherhand,TZEactivelyevaluatedandexploredthefeasibilityonlocalizedmanufacturing(e.g.theUnitedStates,Europe,andtheMiddleEast)inkeycountriesorregionsaroundtheworld,andpromotedtheoperationalimprovementofMaxeontoeffectivelyuseitspatentedtechnologyanduniqueadvantagesinoverseasmarketswithentrybarriers.TZEcontinuedtofacilitateitseffortstodevelopphotovoltaicbusinessandlocalizedmanufacturingontheinternationalarena,seizedtheglobalopportunitiesforthedevelopmentofthenewenergyindustry,andachievedasustainablegrowth. DuringtheReportingPeriod,theCompanysustainedrobustoperationsandmadesteady progressinotherbusinesssegments. TheCompanyhasalwaysemphasizedresearchanddevelopment(R&D)investmentsincutting-edgetechnologiesandcommercialapplication,withafocusoninnovationtodrivebusinesstransformationandupgrading.DuringtheReportingPeriod,theCompanyinvestedRMB10.309billioninR&D,accountedfor5.91%oftheCompany'srevenue.In2023,theCompanyfiled590newPCTapplications,intotalof15,331applicationsapplied.Notably,theCompanyrankedsecondgloballyintermsofpatentapplicationsinthefieldofquantumdotdisplays.Furthermore,throughcontinuoustechnologicalinnovation,processadvancements,andastrategicshifttowardsIndustry 4.0manufacturing,TZEhasbuiltitsuniquecompetitiveedgesinlarge-size,thin-film,andN-typesiliconwafers.Toimplementthetechnologyecosystemstrategy,theCompanyhasproactivelymarshaledresources,madeabreakthroughinkeytechnologiesandindustrialproduction.Thisrobust technologyecosystemservesasacornerstonefortheCompany'scontinuedtechnologicaldevelopment. Lookingahead,withintensiveintegrationofseveralpromisingtechonologies,wewillanticipateasurgeofnoveldisplayapplicationsandimmersivescenarios,whichwillpropelthegrowingdemandsindisplayindustry.Theinter-countrytransferofLCDindustryhasgraduallydrawntoanend,andthecompetitivelandscapetendstostabilize.Companiesaretransitioningfromascale-drivengrowthmode