PVTIME – On the evening of August 9, TCL Technology released its semi-annual report for 2021. During the reporting period, the company achieved an operating income of 74.30 billion yuan, a year-on-year increase of 153.3% and its net profit attributable to shareholders of listed companies was 6.78 billion yuan, a year-on-year increase of 461.5%.
In terms of business segments, benefiting from the industry’s upward trend, the rapid growth of its own production capacity, and the improvement of its product structure, TCL Technology’s semiconductor display business achieved an operating income of 40.8 billion yuan, a year-on-year increase of 93.6%; net profit was 6.61 billion yuan, a year-on-year increase of 6.75 billion yuan. Net profit in the second quarter was 4.21 billion yuan, an increase of 76% from the first quarter.
In the same period, TCL Technology’s new development strategy for its semiconductor photovoltaics and semiconductor business segments has achieved initial results. The company’s holding subsidiary Zhonghuan Semiconductor achieved an operating income of 17.64 billion yuan, a year-on-year increase of 104.1%, and its net profit was 1.89 billion yuan, a year-on-year increase of 160.6%.
In terms of production capacity, during the reporting period, TCL Technology’s production capacity was further improved. In the first half of the year, TCL Technology’s total production capacity of semiconductor photovoltaic materials reached 70 GW, of which G12 capacity reached 39 GW. The construction of the sixth phase of the Ningxia Zhonghuan project started in March. Furthermore, the diamond wire-cut ultra-thin silicon wafer smart factory was implemented in Tianjin and Inner Mongolia and put into production smoothly. Additionally, the Jiangsu G12 high-efficiency shingled module project achieved a production capacity of 6 GW, and the Tianjin G12 high-efficiency shingled module project has entered the construction stage as well.
TCL Technology stated that the company will increase investment in Zhonghuan’s Inner Mongolia base, Tianjin base, and Jiangsu base to promote full coverage of various power semiconductor chips and integrated circuit chips. In addition, in order to strengthen the synergy of the industrial chain, the company has invested in the establishment of a semiconductor investment and operation platform and seeks industrial investment opportunities in related fields such as semiconductor integrated circuits.
