TCL Group Co., Ltd. is a global intelligent product manufacturing and Internet application services group, the overall market in the Shenzhen Stock Exchange
(SZ.000100), which owns four other listed companies: TCL Multimedia Electronics (01070.HK), KONE Electronics (01249.HK), TCL Display Technology (00334.HK) and Hanlin Meeting (835281).
Founded in 1981, formerly known as TTK Home Appliances (Huizhou) Co., Ltd., one of the first 13 joint ventures in China, the company engaged in the manufacture of audio tapes and later expanded to the production of telephones, televisions, mobile phones, refrigerators, washing machines, air conditioners, Small appliances, LCD panels and other fields. With more than 80,000 employees, 23 R & D institutes and 21 manufacturing bases, the Group has sales offices in more than 80 countries and operates in over 160 countries and regions.
In 2015, TCL Group realized a revenue of 104.6 billion yuan and a net profit of 3.23 billion yuan. According to the latest data from IHS Technology and company data, TCL Group sold 17.884 million sets of TVs in 2015, ranking the third in the world. In 2015, TCL Group shipped 83.55 million sets of mobile phones in total, ranking the fifth in the world. China Star Optoelectronics put glass 1,992,000 substrates, LCD TV panel sales ranked sixth in the world. In 2016, the brand value of TCL was 76.569 billion yuan, ranking the No.1 brand in China's color TV industry for 11 consecutive years.
In order to realize the next one-billion-dollar goal as soon as possible, TCL Group formulated a "double +" transformation strategy and an international two-wheel-drive development strategy in early 2015: establishing a new business capability through the transformation of "dual +", improving global business layout through internationalization, Enhance overseas market share.
In order to meet the needs of the rapid development of mobile Internet and cross-border competition, the Group proposed the "double +" strategic transformation of "smart + internet" and "products + services" in early 2014 and adjusted the industrial structure to the seven major product business areas. Large service business areas and venture capital and investment business, a total of 11 business segments. The business areas include TCL Multimedia Electronics, TCL Communication Technology, Huaxing Optoelectronics, Home Appliances Industry Group, KONE Electronics, commercial systems business group and parts and materials business group. Its service business includes internet application and service business division, sales and logistics service business Group and financial holding group. The new "7 + 3 + 1" structure will open a new sector for the Group's value growth.
TCL is a pioneer in the internationalization of Chinese enterprises. Since its establishment in 1999, TCL has gone through three stages of early exploration, cross-border M & A and steady growth. In recent years, in the face of the challenges brought by the slowdown of China's economic growth and the opportunities brought by the strategy of the national strategy of the Belt and One Road, a roadmap for reorganization of the Group's internationalization has been redrafted. In the next few years, the Group will continue to consolidate and increase its market share in Europe and the United States through "joint efforts of the three armed forces and brand leadership." At the same time, the Group will make breakthroughs in key emerging markets such as India and Brazil and take root in the local market to establish the competitiveness of the entire value chain. Internationalization is the new engine of TCL's future development.