Huaxing Optoelectronics' net profit in 2018 is expected to reach 3.4 billion to 3.6 billion

- Jan 03, 2019-

TCL Group released its 2018 annual results forecast on the evening of January 1. The company expects net profit attributable to shareholders of listed companies in 2018 to be 3.4 billion yuan to 3.6 billion yuan, up 28% to 35% year-on-year. The basic earnings per share is 0.2516 yuan to 0.2664 yuan. It is proposed to distribute a cash dividend of 1.00 yuan (including tax) to every 10 shares of all shareholders in 2018.

 

It is understood that TCL Company disclosed on December 7, 2018 that after the reorganization, the company's pro forma statement is expected to return to the net profit of 31.5 billion to 3.35 billion yuan in 2018, which is 2.66 billion yuan lower than the net profit of the 2017 annual report. It increased by 18%-26% year-on-year.

 

Earlier, TCL Group issued an announcement that the company intends to transfer intelligent terminals and supporting businesses such as consumer electronics and home appliances to TCL Holdings for RMB 4.76 billion. In the future, TCL Group will focus on semiconductor display and materials business, that is, TCL Group listed companies will transform It is the financing platform for Huaxing Optoelectronics. This means that TCL Group announced the divestiture of the consumer electronics business, focusing on the display panel business.