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CSOT Changed its Name to "TCL CSOT"! to start a New Stage of TCL Group Technology Development
Release time:
2019-11-05
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Today, TCL Group's subsidiary 'Shenzhen China Star Optoelectronic Technology Co., Ltd.' was officially renamed 'TCL China StarOptoelectronic Technology Co., Ltd.' This name change can not only accurately reflect the business connotation and strategic positioning of TCL Group, but also help relevant parties understand the composition and operation of TCL Group's main business, and it is more conducive to promoting the globalization process and international competitiveness of the semiconductor display business.

 

Since the completion of the reorganization in the first half of the year, TCL Group has shifted from related diversified operations to specialized operations, positioning itself as the world's leading high-end technology industry group. The semiconductor display and materials business has become the company's main business. However, most of the public's impression of the TCL Group's brand is more in the field of smart home appliances than in the field of semiconductor displays. The name change of China Star Optoelectronics helps reduce the deviation of TCL's actual business and market perception.

 

TCL CSOT is a management platform for TCL Group's semiconductor display and materials business operations, as well as upstream and downstream industry chain layout and collaboration. Since its establishment in 2009, it has achieved global industry efficiency and efficiency in all stages of the industry cycle, and is the company's main business entity.

 

According to the three quarterly report just released by TCL Group, TCL CSOT ’s shipment area reached 15.298 million square meters, an increase of 15.2% year-on-year, and revenue reached 24.56 billion yuan, an increase of 28.4% year-on-year, accounting for nearly 60% of TCL Group ’s overall revenue. . Since it was put into production in 2012, TCL CSOT has been profitable every year for 7 years, with an average net profit rate of 10.53%. It is also the only panel company that has been profitable every year since it was put into production. Among them, the market share of TCL CSOT 55-inch TV panel is the first in the world, the market share of LTPS mobile phone panel is the second in the world, and the market share of 86-inch commercial display panel is the second in the world.

 

At the same time, TCL CSOT actively establishes the ability to operate globally and is the first panel manufacturer to go to India. As the world's third largest color TV market and second largest mobile phone market, India has become an important market for terminal manufacturers. At the end of September, the TCL CSOT India module project started. The first phase of the project is planned to produce 8 million large-sized and 30 million small and medium-sized modules annually.