TCL Corporation operates in the Household audio and video equipment sector.
In addition to historical fundamental analyses, the complete report available to purchase compares TCL with three other
audio-visual equipment producers in Asia:
Sichuan Changhong Electric Company Limited
(2012
sales of 52.23 billion Chinese Renmimbi [US$8.50 billion]
),
Pioneer Corporation
of Japan
(436.75 billion Japanese Yen [US$4.27 billion]
of which 62%
was Car Electronics), and
LG Corporation
which is
based in South Korea
(9.24 trillion Korean Won [US$8.29 billion]
).
Sales Analysis.
TCL reported sales of 69.56 billion Chinese Renmimbi (US$11.32 billion)
for the
year ending
December of 2012.
This
represents
an
increase of 14.5%
versus 2011, when the company's sales were 60.75 billion Chinese Renmimbi.
This was the fourth straight year of sales growth at TCL.
Sales of Other saw an increase
that was more than double the company's growth rate: sales were up
115.3% in 2012, from
1.78 billion Chinese Renmimbi to 3.84 billion Chinese Renmimbi.
TCL also saw significant increases in sales in
Parts (up 27.5% to 2.63 billion Chinese Renmimbi)
.
Not all segments of TCL experienced an increase in sales in 2012:
sales of Property and Investment fell 63.0% to 274.80 million Chinese Renmimbi.
(However, this segment's sales were only a very small portion of the company's overall sales).
Business Description