Electronics Production | June 04, 2012

TCL ranks Top5 in global LCD TV market

TCL Multimedia Technology Holdings Limited surged to No. 5 from No. 7 position, according to the latest DisplaySearch report for first quarter of 2012.
The company's global LCD TV market share increased from 4.9% to 5.6%, thereby maintaining the No. 1 position among Chinese companies nationwide.

"Ranking top five in the global market proves that TCL has set the benchmark for Chinese enterprises that seek both domestic and international brand recognition," says Li Dongsheng, Chairman and CEO of TCL Corporation. "Our efforts in globalization have highly paid off, as can be seen from our relentless move up the global ladder. Based on our philosophy of independent innovation, we will keep on sharpening our competitive edge and work towards establishing TCL as a respected leading global enterprise."

The success of China Star Optoelectronics Technology (CSOT) realized TCL's strategic goal to completely build the entire LCD display industry chain thus making TCL the first company in China that can produce LCD TV sets all by itself, a press release reads.

TCL Corporation has actively geared its business strategies towards globalization to realize profitability in both American and European markets, as well as witness rapid growth in emerging markets. At the end of 2011, TCL became the first Chinese company to sell more than 10 million TV sets. In 2011, the company achieved RMB 60.834 billion (EUR 7.7 billion) in operating revenues, up 17.28% year-over-year, out of which sales revenues totaled RMB 59.448 billion (EUR 7.5 billion), marking a year-over-year increase of 18.30%. Net profit totaled RMB 1.671 billion (EUR 211 million), up 253.73% over the previous year.


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