Panel giants have come out one after another: BOE’s deduction of non net profit dropped by 127%, and TCL’s R & D investment increased the most

China Science and Technology News Network on August 30, TCL technology, Shenzhen Tianma a semi annual report have been published. Although affected by the new epidemic situation, industry cycle and international turbulence, the three giants have made remarkable achievements and each has its own bright spots. In the first half of the year, BOE achieved 60.867 billion yuan of operating revenue, an increase of 10.59% over the same period of last year, with the largest revenue among the three major panel enterprises. With the increase of revenue, the operating cost also increased by 11.91%, and the net profit attributable to the parent decreased by 31.95% to RMB 1.135 billion. It is worth noting that the net profit after deducting the non recurring profit and loss attributable to the parent was 176 million yuan, a decrease of 127% year on year. Among its non recurring gains and losses, government subsidies amounted to 1.522 billion yuan, an increase of 38% compared with 1.1 billion yuan in the same period of last year. < / P > < p > from the perspective of revenue structure, among the three major businesses of BOE, the port device business has contributed more than 90% of the revenue. Although the two major sectors of intelligent IOT and smart medical industry have achieved good results, their revenue still accounts for less than 10%. < p > < p > BOE wrote in its semi annual report that the overall shipment volume of display devices continued to be the first in the world, with a year-on-year growth of more than 15%. The shipment volume of LCD smart phone LCD, tablet computer display, notebook computer display, display screen, TV display screen and other five mainstream application fields remained the first in the world, with electronic labels, wearing, electronic labels, etc The market share of products ranks first in the world. However, it is worth noting that while several products remain the first, the gross profit margin of port devices has decreased by 1.78% compared with the same period last year. < p > < p > in the semi annual report, BOE said that since the first half of 2020, the global spread of Xinguan epidemic has brought impact on the semiconductor display industry chain and the scale of the industry market has shrunk. Coupled with the impact of Sino US trade friction on the global economy, the company is facing severe challenges. On the other hand, the “new infrastructure” policy proposed by the state has injected digital power into the industrial development, accelerating the integration of 5g, AI and other new technologies with traditional industries, which will promote a new round of economic growth and bring new opportunities to the transformation and development of the company. Compared with BOE, TCL technology’s revenue is less than half of that of BOE. In the first half of the year, TCL technology’s operating revenue reached 29.33 billion yuan, a year-on-year increase of 12.3%, and the net profit attributable to shareholders of listed companies was 1.21 billion yuan, a year-on-year decrease of 42.3%. After excluding the impact of asset restructuring income, the net profit attributable to shareholders of listed companies increased by 7.6% year-on-year. In its semi annual report, TCL technology said that during the reporting period, the semiconductor display industry continued to be at the bottom of the cycle, and the epidemic situation had a phased impact on the production logistics and personnel return to work in some areas where TCL Huaxing line is located. The company overcame the challenge, promoted the fine management, and continued to maintain the relative leading edge of efficiency and efficiency. < p > < p > among the three panel manufacturers, shentianma’s volume is the smallest. In the first half of the year, its operating revenue was 14.057 billion yuan, 3.69% lower than that of 14.595 billion yuan in the same period of last year. Net profit attributable to shareholders of listed companies after deducting non recurring profit and loss was 426 million yuan, up 54.36% year on year. However, the net cash flow from operating activities decreased by 58.06% year-on-year, from 1.016 billion yuan in the first half of 2019 to 426 million yuan. < p > < p > shentianma also said in the semi annual report that in the first half of 2020, affected by the outbreak of new epidemic, the global economy showed different degrees of decline. With the spread of overseas epidemic, the global display industry chain was also impacted to varying degrees, and the industry development was facing many challenges. Small and medium-sized display has a wide range of applications, and the characteristics of products in each sub domain are different. The changes of epidemic situation have brought different impacts on the development of different fields, such as the decline of terminal demand for mobile phones and vehicles, the rapid growth of demand for medical products, and the increase of demand for notebook computers and tablet computers driven by home office and distance education. At present, domestic epidemic prevention and control has achieved phased results, but there are still great uncertainties in global epidemic prevention and control. At the same time, Global trade protectionism prevails, geopolitical conflicts intensify, and uncertain factors of world economic development increase. < / P > < p > panel industry is a high-tech intensive industry, technology, innovation, R & D and so on determine the future core competitiveness of enterprises. In terms of the proportion of R & D investment, TCL’s R & D investment increased the most during the reporting period, reaching 2.88 billion yuan, with a year-on-year increase of 28.9%. However, BOE’s R & D investment, the largest in volume, only increased by 0.78% year-on-year, reaching 3.924 billion yuan. Shentianma invested 982 million yuan in R & D, an increase of 15.43% year on year. Developed a “plug and play” solar power generation scheme, and “5B” won a $12 million round a financing

Author: zmhuaxia