Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  SHENZHEN STOCK EXCHANGE  >  TCL Technology Group Corporation    000100   CNE000001GL8

TCL TECHNOLOGY GROUP CORPORATION

(000100)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

TCL Technology : Samsung to stop production at sole China TV factory by November

09/07/2020 | 05:27am EST
The logo of Samsung Electronics is seen at its office building in Seoul

Samsung Electronics has decided to cease production at its only TV factory in China by the end of November, a spokesman said on Monday, the latest in a series of moves by the South Korean firm to shift production from the world's second-largest economy.

The TV factory in Tianjin is the only Samsung Electronics TV production base in China, the spokesman said. The decision is part of "ongoing efforts to enhance efficiency" in its production facilities, Samsung said in a statement earlier.

The factory has about 300 workers, Yonhap news agency reported on Monday. Samsung declined to comment on the number of workers, but said some of the workers and equipment are expected to be retained.

The latest exit leaves Samsung Electronics in China with a home appliance factory in Suzhou and chip production facilities in Suzhou and Xian.

The decision follows Samsung Electronics' display unit confirming separately last week that it is selling off a majority stake in its Suzhou liquid crystal display (LCD) production unit to TCL Technology Group Corp's Star Optoelectronics Technology unit.

Samsung Display said in March it decided to end all of its production of LCD panels in South Korea and China by the end of this year.

In August, Samsung said it will halt operations of its last computer factory in China.

By Joyce Lee


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
SAMSUNG ELECTRONICS CO., LTD. -3.41% 85000 End-of-day quote.4.94%
TCL TECHNOLOGY GROUP CORPORATION 8.26% 10.09 End-of-day quote.42.51%
All news about TCL TECHNOLOGY GROUP CORPORATION
01/06MARKET CHATTER : Philips Short-lists Bidders for $3.7 Billion Home Appliance Uni..
MT
2020EXCLUSIVE : Google faces new antitrust case in India over abuse in smart TVs mar..
RE
2020Google faces new antitrust case in India over abuse in smart TVs market-sourc..
RE
2020TCL TECHNOLOGY : Samsung to stop production at sole China TV factory by November
RE
2020TCL : Smarter Connectivity Helps Improve Stay-at-Home Work and Life
AQ
2020TCL TECHNOLOGY GROUP CORPORATION : Ex-dividend day for final dividend
FA
2020Huawei, Chinese chip makers keep factories humming despite virus outbreak
RE
2019China capex growth hits three-year low as weak economy, trade war drag
RE
2019“BORN TO LEAD” : TCL Initiated the Naming Event of 2019 FIBA Basketb..
BU
2019TCL CORPORATION : Ex-dividend day for final dividend
FA
More news
Financials
Sales 2020 76 885 M 11 841 M 11 841 M
Net income 2020 3 817 M 588 M 588 M
Net Debt 2020 53 585 M 8 253 M 8 253 M
P/E ratio 2020 35,9x
Yield 2020 0,99%
Capitalization 136 B 20 968 M 20 925 M
EV / Sales 2020 2,46x
EV / Sales 2021 1,87x
Nbr of Employees -
Free-Float 78,3%
Chart TCL TECHNOLOGY GROUP CORPORATION
Duration : Period :
TCL Technology Group Corporation Technical Analysis Chart | 000100 | CNE000001GL8 | MarketScreener
Technical analysis trends TCL TECHNOLOGY GROUP CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 10
Average target price 9,53 CNY
Last Close Price 10,09 CNY
Spread / Highest target 35,8%
Spread / Average Target -5,54%
Spread / Lowest Target -37,2%
EPS Revisions
Managers and Directors
NameTitle
Dong Sheng Li Chairman & Chief Executive Officer
Lian Ming Bo President & Director
Zhuo Hui He Chairman-Supervisory Board
Xu Bin Huang Chief Financial Officer & Director
Xiao Lin Yan Chief Technology Officer & Senior Vice President
Sector and Competitors
1st jan.Capitalization (M$)
TCL TECHNOLOGY GROUP CORPORATION42.51%19 368
SONY CORPORATION1.90%125 785
PANASONIC CORPORATION9.03%28 897
LG ELECTRONICS INC.2.96%21 668
SHARP CORPORATION20.46%11 311
SHENZHEN MTC CO., LTD.13.87%4 688