TCL Technology Group Corporation Interim Report 2022 (Summary)
Stock Code: 000100 Stock Abbr.: TCL TECH. Announcement No.: 2022-095
TCL 科技集团股份有限公司
TCL Technology Group Corporation
INTERIM REPORT 2022 (Summary)
August 26, 2022
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TCL Technology Group Corporation Interim Report 2022 (Summary)
I. Important Notes
This Summary is based on the full text of the 2022 Interim Report of TCL Technology Group Corporation. To obtain a full picture
of the operating results, financial position and future development plans of the Company, investors should carefully read through the
interim report released on the media designated by the China Securities Regulatory Commission.
All the Company’s directors attended the Board meeting for the review of this report.
This Summary have been prepared in both Chinese and English. Should there be any discrepancies or misunderstandings between
the two versions, the Chinese version shall prevail.
Independent auditor’s modified opinion
□ Applicable √ Not applicable
Profit distribution plan or plan to convert capital reserve into share capital approved by the Board of Directors
□ Applicable √ Not applicable
The Company has no interim dividend plan, nor either in the form of cash or stock, for the conversion of capital reserve into share
capital.
Plans for profit distribution of preferred stock for the Reporting Period approved by the Board of Directors
□ Applicable √ Not applicable
II. General Information
1. Company Introduction
Stock name TCL TECH. Stock code 000100
Place of listing Shenzhen Stock Exchange
Contact information Board Secretary
Name Liao Qian
10/F, Tower G1, International E Town, TCL Science Park, 1001 Nanshan District,
Office address
Shenzhen, Guangdong Province, China
Tel. 0755-3331 1666
Email address ir@tcl.com
2. Key Accounting Data and Financial Indicators
Indicate whether there is any retrospectively restated datum in the table below.
√ Yes □ No
Reasons for retroactive adjustment or restatement
Change of accounting policy
H1 2021 Change
H1 2022
Before adjustment After adjustment After adjustment
Revenue (RMB) 84,522,181,128 74,298,646,758 74,405,849,039 13.60%
Net profit attributable to the company’s
663,522,871 6,783,884,807 6,802,218,487 -90.2%
shareholders (RMB)
Net profits attributable to the
company’s shareholders before non- -626,869,385 5,497,817,947 5,516,151,627 -111.36%
recurring gains and losses (RMB)
Net cash generated from operating
9,016,635,743 13,895,714,157 13,895,714,157 -35.11%
activities (RMB)
Basic earnings per share (RMB/share) 0.0489 0.5026 0.5040 -90.30%
Diluted earnings per share (RMB/share) 0.0485 0.4835 0.4848 -90.00%
Decreased by 17.3
Weighted average return on equity (%) 1.71% 18.96 % 19.01% percentage points
year on year
End of the December 31, 2021 Change
Reporting Period Before adjustment After adjustment After adjustment
Total assets (RMB) 330,356,529,181 308,733,133,305 308,987,970,915 6.92%
Owners’ equity attributable to the
39,024,099,358 43,034,234,611 43,103,580,799 -9.46%
company’s shareholders (RMB)
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TCL Technology Group Corporation Interim Report 2022 (Summary)
Reasons for change in accounting policies and correction of accounting errors
In accordance with the Interpretation No. 15 of the Accounting Standards for Business Enterprises issued by the Ministry of Finance,
the Company implemented related requirements and retroactively adjusted relevant items of the financial statements at the beginning
of the year and the same period of the previous year. Such change in accounting policy has no material impact on the Company’s
financial position and operating results.
3. Total Number of Shareholders and Their Shareholdings
Unit: share
Total number of preference
Total number of ordinary shareholders shareholders with resumed voting
761,967 0
by the end of the reporting period rights by the end of the reporting
period (if any)
Shareholding percentage of the top 10 shareholders
Number of Shares in pledge, marked or
Shareholding Number of
Name of Nature of shares held frozen
percentage shares held at
shareholder shareholder with selling
(%) the period-end status Shares
restrictions
Put in pledge by
179,338,800
Li Dongsheng Domestic Li Dongsheng
and his acting- individual/Domestic 8.26% 1,159,085,019 610,545,821 Put in pledge by
in-concert party general legal entity Jiutian 238,620,000
Liancheng
Huizhou
Investment State-owned legal
5.30% 743,139,840 0
Holding Co., entity
Ltd.
Wuhan Optics
Valley Industrial State-owned legal
3.95% 554,770,496 0 Pledge 255,754,475
Investment Co., entity
Ltd.
Hong Kong
Securities
Clearing Foreign legal entity 2.68% 376,447,862 0
Company
Limited
China Securities
Finance Domestic general
2.66% 373,231,553 0
Corporation legal entity
Limited
Tibet Tianfeng
Enterprise Domestic general
1.54% 215,582,406 0
Management legal entity
Co., Ltd.
TCL Technology
Group
Corporation - Fund, wealth
2021 to 2023 management 0.81% 113,143,154 0
Employee Stock product, etc.
Ownership Plan
(Phase I)
Sinatay Life
Insurance Co., Fund, wealth
Ltd. - management 0.74% 104,190,172 0
Conventional product, etc.
Product
ICBC Credit
Suisse Fund -
Agricultural
Bank of China -
Fund, wealth
ICBC Credit
management 0.53% 74,761,500 0
Suisse China
product, etc.
Securities
Financial Asset
Management
Plan
Southern Asset
Fund, wealth
Management -
management 0.53% 74,761,500 0
Agricultural
product, etc.
Bank of China -
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TCL Technology Group Corporation Interim Report 2022 (Summary)
Southern China
Securities
Financial Asset
Management
Plan
Mr. Li Dongsheng and Ningbo Jiutian Liancheng Equity Investment Partnership
Note on the above shareholders’ (Limited Partnership) became persons acting in concert by signing the Agreement on
associations or concerted actions Concerted Action, holding 1,159,085,019 shares in total and becoming the largest
shareholder of the Company.
1. Wuhan Optics Valley Industrial Investment Co., Ltd., a shareholder of the Company,
conducted share-based securities lending business for “TCL Technology”. At the end of
Explanation on the top 10 shareholders the Reporting Period, 3,781,900 shares of securities were lent out.
participating in securities margin 2, Tibet Tianfeng Enterprise Management Co., Ltd., a shareholder of the Company,
trading holds 117,343,814 shares through the general securities account, and holds 98,238,592
shares through the credit securities account, with a total of 215,582,406 shares actually
held.
4. Change of controlling shareholder or the actual controller
Change of the controlling shareholder in the Reporting Period:
□ Applicable √ Not applicable
No such cases in the Reporting Period.
Change of the actual controller in the Reporting Period:
□ Applicable √ Not applicable
No such cases in the Reporting Period.
5. Total number of shareholders holding preferred stocks and shareholdings of the top 10
□ Applicable √ Not applicable
During the Reporting Period, the Company did not have any preferred stock shareholder.
6. Existing bonds on the date of approval and disclosure of the interim report
√ Applicable □ Not applicable
(1) General information of bonds
Unit: RMB'0,000
Bond Outstanding Coupon
Bond name Abbr. Date of issuance Maturity
Code balance rate
TCL Corporation Corporate Bonds
Publicly Offered in 2019 to Qualified 19TCL03 112983 October 17, 2019 October 21, 2024 200,000 4.20%
Investors (Tranche 3)
TCL Corporation Corporate Bonds
Publicly Offered in 2019 to Qualified 19TCL02 112938 July 19, 2019 July 23, 2024 100,000 4.30%
Investors (Tranche 2)
TCL Corporation Corporate Bonds
Publicly Offered in 2019 to Qualified 19TCL01 112905 May 17, 2019 May 20, 2024 100,000 3.15%
Investors (Tranche 1)
TCL Corporation Corporate Bonds
Publicly Offered in 2018 to Qualified 18TCL02 112747 August 17, 2018 August 20, 2023 200,000 3.55%
Investors (Tranche 2)
TCL Corporation Corporate Bonds
Publicly Offered in 2018 to Qualified 18TCL01 112717 June 5, 2018 June 6, 2023 17,001.90 4.00%
Investors (Tranche 1)
TCL Corporation Corporate Bonds
Publicly Offered in 2017 to Qualified 17TCL02 112542 July 6, 2017 July 7, 2022 15,700 3.45%
Investors (Tranche 2)
(2) Financial indicators at the end of the Reporting Period
Item End of the Reporting Period December 31, 2021
Current ratio 1.03 1.08
Debt/asset ratio 63.9% 61.2%
Quick ratio 0.8 0.8
H1 2022 H1 2021
Debt to EBITDA ratio 6.99% 10.70%
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TCL Technology Group Corporation Interim Report 2022 (Summary)
Interest coverage ratio 1.46 5.12
Cash coverage ratio 4.90 7.23
EBITDA coverage ratio 6.45 8.57
Debt repayment ratio 100% 100%
Interest payment ratio 100% 100%
III. Significant Events
During the Reporting Period, the Company did not have any significant changes in operation. See the 2022
Interim Report for details.
TCL Technology Group Corporation
August 26, 2022
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