Li "stability": two months five times increase in TCL Group

By the loss of Huaxing and TCL Communications (2618.HK) profit significantly reduced, TCL Group (000100.SZ) in the first half of 2012, the results of a sharp decline has been a foregone conclusion, but Tcl chairman Li in the past two months has accumulated 5 times in TCL Group shares. According to TCL Group June 26 late announcement, Li was born on June 26 increased 1.98 million shares of Tcl Group, the past two months of its five consecutive increase in shareholding shares reached 16.07 million shares, accounting for the total capital 0.19%. After this overweight, Li shares the total share of TCL Group share of 5.61%. The reporter learned that li this several overweight stock prices are in 2 yuan. In the past year, TCL's share price overall in the downward space, in the mining and other rumors after the release, The share price slid from about 3 yuan last June to the lowest of 1.74 yuan last year, while the annual report, which was boosted by TCL's 2011-year rise, recovered to around 2.44 yuan in February, but has since been hit by a slump in first-quarter results. In this case, Li from the pocket to take out more than 30 million yuan continued to overweight, but also to boost investor confidence in Tcl's performance prospects. In fact, Li in the two-tier market weakness in the case of increasing the TCL group, TCL Multimedia and TCL communication is commonly used practice, the past TCL Group Two directional additional, Li and relatives have taken out more than 800 million yuan to participate. Obviously Li is the personal wealth and TCL Group Development bundled together, and the outside of TCL Group's performance concerns mainly from huaxing photoelectric worries. CICC's latest research report has pointed out that the annual depreciation of Huaxing's assets will exceed 1.8 billion yuan after full production, while the 131 million yuan loss in the fourth quarter of last year has let TCL net profit fall by more than 21% year-on-year. As Huaxing's photovoltaic capacity increases, the losses from its huge asset depreciation will increase. Although the price of LCD panel after March this year, a certain extent of the rise, but only Samsung electronic LCD panel to restore profits, and the size of the smaller huaxing photoelectric although TCL Multimedia orders to ensure that the loss is still inevitable. and Huaxing Photoelectric CEO He Chengming recently left outside for Huaxing core technology team loss of the concern, but TCL related people told our correspondent, "He Chengming's departure is because and Li in the future development strategy of enterprises are divided." These people said, "huaxing photoelectric core technology team from Chimei, LGD, friends, such as a number of panel companies, but currently in the most prestige and appeal is from the United States to replace He Chengming position Chen Liyi, as long as Chen Liyi do not leave the Huaxing team will continue to maintain stability. "In addition, TCL multimedia performance has improved significantly this year, according to DisplaySearch survey data show that TCL color TV global market share in the 2012-year quarter, once again rose to the fifth place in the world, the global market share rose to 5.6%, beyond Sharp, Panasonic and other competitors, TCL Multimedia announced the increase in 2012 LCD TV Annual sales target to 15.2 million units, compared to 2011 sales growth of about 40%. But with Hisense, Skyworth in the high gross margin of intelligent television and 3D TV field accounted for a relatively high difference, TCL Multimedia in order to digest the 32-inch panel, which low-end products accounted for relatively high, which led to its gross margin to inferior to the main competitors, this is TCL group next need to make up the short plate. More importantly, TCL, which has been the biggest contributor to Tcl's profits in the past two years, has spent a significant amount of money in the channel and research and development input to smartphone upgrades, with a 86% per cent year-on-year decline in net profits, which casts a shadow over the outlook for Tcl's full-year performance. Li has been overweight to boost internal and external morale in tough times.