Half a year net profit increases 90% TCL card Trading

Tcl Group (000100. SZ) yesterday announced a beautiful semi-annual report, the first half of the group to achieve operating income of 43.8 billion yuan, an increase of 12% per cent, attributable to the parent company's shareholders net profit of 14.700 million yuan, an increase of 91%. Huaxing photoelectric to 9 8.1 billion yuan net profit, become the T C L Group profit ——— its profit occupies the first half of T C Group net profit of nearly 70%.

Li, chairman of the group, said to the south, "the global panel industry, China star photoelectric shipments accounted for 9%, the second quarter reached 10%, the industry share ranked fifth." Li said, huaxing photoelectric almost 100% of the full load production, "Lunar we are in production."

Issued semi-annual report at the same time, T C L Group announced more directed additional financing 5.7 billion yuan to China star photoelectric second 8 5 generation LCD panel project (T2) to enhance the voice in the upstream panel area. "T2 is expected to go into production next May and I believe revenue and profits will grow strongly," he said. Li revealed that the T2 project was not the first simple replication of the production line, but considered the possible future development of the O L E D technology, and the use of mixed-cutting technology to increase the mainstream size products. Therefore, the construction of T2 project will be conducive to the development and industrialization of new technology products, the realization of new technologies such as oxide semiconductor, O LE D, so that T C Group takes the lead in seizing the next generation of new display technology.

T C L is located in Wuhan, the third LCD production line is mainly used for the production of mobile phone screen, such as small and medium-sized panels, has been scheduled to start on September 14, material 2016 production.

By the multiple good news stimulation, T CL Group yesterday opened the trading, closing the 2.67 yuan. UBS pointed out that the T C L performance is good, maintain a "buy" rating, the target price is 3.6 yuan.