TCL venture capital investment and development road map, earth surface is transferred

Published: 17th June 2011
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Annual report, TCL about 51.8 billion total revenue last year. Will soon celebrate 30th birthday of the TCL, in 2011 significant changes occurred. As a well-known home appliance brands, TCL is the energy field, "straddling." The initial rumors, and in recent years sensitive "rare earth" relevant.

April this year, rumors of investing in the development of rare earth, so that TCL's new investment ideas made public a month to TCL shares rose nearly 40%. Despite three consecutive rumor has nothing to do with the earth, TCL's venture capital along the road map has surfaced. The investment style has always been bold TCL, the brewing one or two years of energy investment will become profitable new selling point of breakthrough?

Financial investment than energy companies

Over the past two years, TCL has a number of exploratory energy companies, financial investment. Proved the profits of capital than the main business operation to the money faster.

May 7, TCL announced a clarification announcement, denied any involvement in the development of rare earth resources, investment, TCL involving metals, oil and coal and other energy sector investment has surfaced. TCL involved in the field of energy resources for the practice, TCL Group, the relevant responsible person said, diversification is the only way for enterprises bigger and stronger, TCL into new fields normal.

The reporters found that, TCL currently own three investment companies, including energy, venture capital firm controlled by TCL, in addition to April 1 of the TCL was established in Xinjiang energy companies, as well as the Asia-Pacific exploration and exploitation of oil and coal exploration and development are being prepared company.

August 2009, TCL Corporation TCL Sun peaks through the investment of 1.1 billion HK wins made "successful Investment Limited" 38% of the equity, "successful investment" held Mendoza, Argentina, 51% interest in oil field. The investment was met with opposition from the independent directors, but the venture TCL has stuck with it. As of December 31, 2010, TCL's investment in the project have all been out, the cumulative recovery of 228 million Hong Kong dollars in cash, less the 110 million dollar initial investment costs, the actual return on investment of 118 million Hong Kong dollars (about 103 million yuan ), much higher than the 2010 TCL Group, less than 1% of the profit margin.

At present, TCL also indirectly holds 26.5% of Shanxi Joint Magnesium shares, held through the source of oil and 3.79% in Xi'an and Hong Kong listed company Termbray Industries International, a non-wholly owned subsidiary of oilfield services Termbray Barbican 10% of shares. Which, TCL spent 27.5 million yuan of investment through the source of oil still in the lock-up period, in order to pass the source of oil May 4 closing price, this investment has been floating about 68.4 million yuan profit.

Medical and other industries involved in venture capital

Not only is the energy field, TCL venture capital investment projects involving new materials, energy and energy equipment, clean technology, electronics and other industries.

Although the net investment in energy around, TCL said that did not depart from the meaning of the main industry, the risk of venture capital investment project actual total investment of no more than 5 billion, is expected this year had no effect on profits.

TCL chairman Li Dongsheng clear that the LCD module and LCD panel, TCL has invested over 250 billion yuan, TV and communication is still the main focus of investment in TCL, TCL venture business revenue accounts for less than 1%.

This reporter noted that the risk involved in the energy sector, TCL and proportional to the investment control. For example, the amount of investment resources, larger development projects, TCL will invest resources in development projects and other partners have professional experience in investment, and not holding; resource exploration and investment in the project is relatively small, TCL-based venture capital holding Zeyi.

September 29, 2010, TCL issued a "Notice on the risk of investment," said company to carry out investment business risk, companies and subsidiaries with local guide and private capital to fund the joint, the formation of venture capital companies and creative PE venture capital investment and other business.

Responsible for the investment in energy projects in this series is the venture capital firm TCL. According to TCL said in September 2009 and investment in the original strategy, based on management center, TCL invested 200 million yuan to establish a venture capital firm wholly owned subsidiary of TCL, the full name of Huizhou TCL venture investment limited liability company. TCL venture capital investment project is not just about energy. February 2010, TCL Group 52.32 million yuan to buy the Beijing Information Technology Co., Ltd. Sinopharm Henry AP 51.82% of the shares. Year in June, the Beijing Sinopharm Topline Topline AP AP re-acquisition of the Beijing Science and Technology Consulting Co., Ltd. 100% interest, began to speed up the layout of the medical electronics field.

Decline in gross margin sales slowed TV

The domestic color TV market, Skyworth, TCL, Hisense and other brands is becoming more competitive, TV sharp decline in gross margin.

Dong Si ring in 2003 bought a real estate outside the house, the developer presented Lee with the room full of TCL appliances color TV, air conditioners, refrigerators, washing machines, "TCL's mobile phone to send backward." In many areas have "full flowering" of the TCL, the 30-year anniversary of nodes, external publicity is issued outside the category of Quedui no mention of TV.

Investment in the energy sector compared to, TCL, etc. in the main industry on the TV dismal performance. Luo Qingqi, senior director of consulting Paller said that if China's color TV industry say goodbye to high-growth era, involved in the energy sector may give TCL to bring the new scene.

Currently, the domestic color TV enterprises are facing the common embarrassment. Subject to foreign control of the TV core technology, domestic manufacturers did not always completely controlled color TV production process. In the domestic color TV market, Sharp, Samsung, Sony, no one to break the strong position, while the domestic color TV Skyworth, TCL, Hisense and other brands is becoming more competitive, TV sharp decline in gross margin. Although the annual revenue of 200 billion yuan every turn, but the annual profit of over 5 billion yuan of the few.

Report shows that TCL Multimedia Industry in 2007 lost nearly 2 billion. 2008,2009 slight improvement; 2010, a total loss of 857 million multimedia services.

This year, domestic sales of color TV giants have suffered stagnation or even decline year on year. According to Orville advice statistics, the first quarter of 2011, the scale of China's domestic retail sales reached 10.46 million color TV sets, down 5.2%, retail sales reached 39.4 billion yuan, down 8.2%, which is the color TV industry again after a lapse of two years after the first the amount of the first quarter of the amount of Qi or situation.

The face of the first half of the lack of color TV market, "May Day" season as a major color TV manufacturers in incremental point. But the "May Day" market did not meet expectations. 2011 "May Day" holiday (April 30 -5 2 May) retail LCD TV market size of China's 158 million units, representing a three-day holiday last year, down 4.7%.

Orville Consulting, said companies marketing in advance, before the holiday diversion also had an impact on sales. A color TV manufacturers official said, after a 5-year renewal, a second tier cities in the flat TV market is becoming saturated, while the LCD and LED replacement for 3D TV still did not come high tide, the short term sales slowdown or even decline is inevitable The.

TCL Mobile "wall of incense"

The domestic market has almost disappeared in the TCL mobile phones, currently sold overseas, therefore, the phone is still the TCL Group's major profit pillar.

The color TV industry downturn, "test the water" energy in the short term may not be enough to change the performance of TCL. Smart phones boom in the country, driven, TCL mobile phones to be making a comeback in the domestic market.

Before 2004, the TCL, the Chinese color TV was the first brand, local mobile phone brand, the second local computer brands. Now, step into any store, TCL mobile phones, computers have been hard to find, TCL TV has dropped out of the top five domestic brands.

Filed TCL mobile phones, it'll look and see that very touching Korean Beauty Kim Hee-sun smile at. TCL fortune to TV in 1999, reached a bold phones. TCL with marketing skills, leading domestic mobile phone to create a high-end mobile phones, women mobile phone, mobile phones and other precious stones were sold a myth.

Those before and after 2004, mergers and acquisitions, broke the TCL phone prosperity. January 2004, TCL Thomson M & TV business in France, jointly set up TCL-Thomson Electronics Co., Ltd.; April 2004, TCL acquired Alcatel's mobile phone business. TCL 2005 and 2006, two years of losses, wear a hat * ST, realized losses in 2007.

After he moved to difficulties in the international market, Li said, "because TCL lack of experience, we must dare to rest assured that go through the test, I think the beginning of internationalization is to take drastic measures to be integrated. However, the lesson learned is that you must not underestimate the difficulty of foreign integration. a lot of things that easy, but actually a lot of hard to imagine the difficulties. "

Now look at the performance report TCL, TCL mobile phone LCM sales in China have been minimal. TCL mobile phones and accessories last year, sales reached 36,223,000 units to 34,083,000 units overseas. Almost disappeared in China, TCL mobile phones, is still a major profit pillar of TCL Group, made up for weakness in the TV business. Multimedia services compared to losses of 857 million, TCL Communication net profit of 611 million last year.

In the first quarter earnings report also showed, TCL Communication first quarter net profit by 1.6 times among the world's seventh largest mobile phone provider. TCL Communication has announced that May 5 was officially opened in the Chinese market from "ALCATEL ONE TOUCH" The new brand strategy, while, Simplicity simple three series of new mobile phones will also be available for the domestic market, making a comeback in the domestic market.

According to the plan, "TCL" and "ALCATEL ONE TOUCH" brand development in the country will double. Which, TCL brand will focus on key operators and traditional channels, "ALCATEL ONE TOUCH" brand mobile phones and other new focus on Internet sales channels.

Currently, iPhone, Android and other hot smartphones, 3G networks and the popularity of mobile IM, microblogging, SNS rise of social networking sites, the domestic mobile phone market once again usher in the new business opportunities. TCL is the new boom in this round could it's place, the market has not given an answer.

Yin Jie

Annual report, TCL about 51.8 billion total revenue last year. Will soon celebrate 30th birthday of the TCL, in 2011 significant changes occurred. As a well-known home appliance brands, TCL is the energy field, "straddling." The initial rumors, and in recent years sensitive "rare earth" relevant.

April this year, rumors of investing in the development of rare earth, so that TCL's new investment ideas made public a month to TCL shares rose nearly 40%. Despite three consecutive rumor has nothing to do with the earth, TCL's venture capital along the road map has surfaced. The investment style has always been bold TCL, the brewing one or two years of energy investment will become profitable new selling point of breakthrough?

Financial investment than energy companies

Over the past two years, TCL has a number of exploratory energy companies, financial investment. Proved the profits of capital than the main business operation to the money faster.

May 7, TCL announced a clarification announcement, denied any involvement in the development of rare earth resources, investment, TCL involving metals, oil and coal and other energy sector investment has surfaced. TCL involved in the field of energy resources for the practice, TCL Group, the relevant responsible person said, diversification is the only way for enterprises bigger and stronger, TCL into new fields normal.

The reporters found that, TCL currently own three investment companies, including energy, venture capital firm controlled by TCL, in addition to April 1 of the TCL was established in Xinjiang energy companies, as well as the Asia-Pacific exploration and exploitation of oil and coal exploration and development are being prepared company.

August 2009, TCL Corporation TCL Sun peaks through the investment of 1.1 billion HK wins made "successful Investment Limited" 38% of the equity, "successful investment" held Mendoza, Argentina, 51% interest in oil field. The investment was met with opposition from the independent directors, but the venture TCL has stuck with it. As of December 31, 2010, TCL's investment in the project have all been out, the cumulative recovery of 228 million Hong Kong dollars in cash, less the 110 million dollar initial investment costs, the actual return on investment of 118 million Hong Kong dollars (about 103 million yuan ), much higher than the 2010 TCL Group, less than 1% of the profit margin.

At present, TCL also indirectly holds 26.5% of Shanxi Joint Magnesium shares, held through the source of oil and 3.79% in Xi'an and Hong Kong listed company Termbray Industries International, a non-wholly owned subsidiary of oilfield services Termbray Barbican 10% of shares. Which, TCL spent 27.5 million yuan of investment through the source of oil still in the lock-up period, in order to pass the source of oil May 4 closing price, this investment has been floating about 68.4 million yuan profit.

Medical and other industries involved in venture capital

Not only is the energy field, TCL venture capital investment projects involving new materials, energy and energy equipment, clean technology, electronics and other industries.

Although the net investment in energy around, TCL said that did not depart from the meaning of the main industry, the risk of venture capital investment project actual total investment of no more than 5 billion, is expected this year had no effect on profits.

TCL chairman Li Dongsheng clear that the LCD module and LCD panel, TCL has invested over 250 billion yuan, TV and communication is still the main focus of investment in TCL, TCL venture business revenue accounts for less than 1%.

This reporter noted that the risk involved in the energy sector, TCL and proportional to the investment control. For example, the amount of investment resources, larger development projects, TCL will invest resources in development projects and other partners have professional experience in investment, and not holding; resource exploration and investment in the project is relatively small, TCL-based venture capital holding Zeyi.

September 29, 2010, TCL issued a "Notice on the risk of investment," said company to carry out investment business risk, companies and subsidiaries with local guide and private capital to fund the joint, the formation of venture capital companies and creative PE venture capital investment and other business.

Responsible for the investment in energy projects in this series is the venture capital firm TCL. According to TCL said in September 2009 and investment in the original strategy, based on management center, TCL invested 200 million yuan to establish a venture capital firm wholly owned subsidiary of TCL, the full name of Huizhou TCL venture investment limited liability company. TCL venture capital investment project is not just about energy. February 2010, TCL Group 52.32 million yuan to buy the Beijing Information Technology Co., Ltd. Sinopharm Henry AP 51.82% of the shares. Year in June, the Beijing Sinopharm Topline Topline AP AP re-acquisition of the Beijing Science and Technology Consulting Co., Ltd. 100% interest, began to speed up the layout of the medical electronics field.




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