October 14, TCL Technology (000100.SZ) released the first three quarters of 2021 performance forecast, the company is expected to achieve a net profit of 13.050-13.350 billion yuan, a year-on-year growth of 533%-548%; Net profit attributable to shareholders of listed companies is expected to reach 9.03 to 9.180 billion yuan, up 346% to 353% year on year. In the first three quarters of the semiconductor display business, the shipment area increased by more than 30% year-on-year, and the net profit increased by about 16 times year-on-year.
During the reporting period, the main factors affecting the company's operation and performance are as follows:
(I) The prosperity of the semiconductor display industry is higher than the same period of last year. Benefiting from the continuous growth of production capacity and optimization of business and product structure, the shipment area of the semiconductor display business in the first three quarters increased by more than 30% year-on-year, and the net profit increased by about 16 times year-on-year.
In the field of large-size business, due to the disturbance of logistics and demand in some regions of the world, the prices of major products were adjusted back at a high level in the third quarter, and affected by the fluctuation of upstream supply chain, the quarterly profits of large-size business declined quarter-on-quarter. However, the company actively promoted the product structure optimization of high-end TV and Commercial display, and the stability of performance was significantly improved. In the third quarter, the net profit increased by about 4 times year-on-year. In the field of medium size business, the company's market share in esports MNT, LTPS laptop, LTPS tablet and vehicle market is rapidly increasing, and the performance continues to grow.
In the field of small-size business, t3 line of the company has gradually improved its operation, while T4 line has actively established differentiated competitiveness such as flexible folding and under-screen camera. Affected by early-stage R&D investment and accelerated production line climbing, T4 losses have increased from month to month. Looking to the future, the total market demand area in all regions of the world will maintain stable annual growth, the industry competition pattern will be optimized, and the trend of decreasing industrial cycle volatility will remain unchanged. The company will accelerate the improvement of small and medium-sized business layout, continue to optimize the product and customer structure, improve efficiency and benefit advantages, improve the performance center in the cycle fluctuation.
(II) CMC Semiconductor's revenue and profit continue to grow rapidly, becoming the second engine of the company's performance growth.
Through continuous technological innovation, CMC Semiconductor has continuously improved the monthly output of single crystal furnace, reduced the silicon consumption per unit product, improved the a-grade rate of silicon wafers, and improved the output efficiency. The scale of G12 products has been accelerated, the product structure has been transformed smoothly, and the profit of semiconductor photovoltaic materials business has increased substantially. The semiconductor material business accelerated the commissioning of new production lines to release effective capacity, further improved the scale of semiconductor material production and marketing, and the 8-12 inch large silicon wafer project went smoothly.
(III) In order to comply with the national industrial orientation, focus on the main industry of science and technology, and meet the needs of the company's announced financing projects, the company disposed of the equity of The New Year real estate Company in the third quarter, which caused a one-time impact and resulted in a sharp decline in the performance of the company's investment business in the third quarter of the year compared with the previous quarter. The other businesses of industrial finance and investment business are performing well, and the company is confident that this business segment will achieve stable earnings contribution throughout 2021.
