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tcl multimedia technology (1070) Snapshot

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tcl multimedia technology (1070) Details

TCL Multimedia Technology Holdings Limited, an investment holding company, manufactures, distributes, and sells colour television sets in the People’s Republic of China, Europe, North America, and internationally. It operates through Television and Others segments. The company offers 3D and LED TVs, ice screens, and accessories; and DVD players, dockings, and sound bars. It is also involved in the information technology and other businesses, including the manufacture and sale of television related components; and the sale of white goods, mobile phones, and air conditioners, as well as in the property holding operations. The company is headquartered in Shenzhen, the People’s Republic of China. TCL Multimedia Technology Holdings Limited is a subsidiary of T.C.L. Industries Holdings (H.K.) Limited.

23,941 Employees
Last Reported Date: 08/30/16

tcl multimedia technology (1070) Top Compensated Officers

Chief Executive Officer, Executive Director a...
Total Annual Compensation: $1.3M
Founder, Chairman, Head of Groups Management ...
Total Annual Compensation: $894.0K
Executive Director, Member of Strategy Execut...
Total Annual Compensation: $485.0K
Compensation as of Fiscal Year 2015.

tcl multimedia technology (1070) Key Developments

TCL Multimedia Technology Holdings Ltd. Announces Sales Results for the Month and Year to Date Ended August 2016

TCL Multimedia Technology Holdings Ltd. announced sales results for the month and year to date ended August 2016. For the month, the company announced total sales of 5,666,000 handsets compared to 6,630,000 handsets for the same period a year ago. For the year to date, the company announced total sales of 44,238,000 handsets compared to 50,282,000 handsets for the same period a year ago.

TCL Multimedia Technology Holdings Limited Announces Executive Changes

The board of directors of TCL Multimedia Technology Holdings Limited announced that Ms. PANG Siu Yin has tendered her resignation as the company secretary and an authorised representative of the company with effect from 13 August 2016 due to her other personal commitments which require more of her dedication. Ms. PANG confirmed that she has no disagreement with the Board and there are no circumstances related to her resignation which needs to be brought to the attention of The Stock Exchange of Hong Kong Limited and the shareholders of the company. The Board announced that Ms. CHOY Fung Yee has been appointed as the Company Secretary and an Authorised Representative of the company with effect from 13 August 2016. Ms. CHOY, aged 32, is a practising lawyer in Hong Kong and a partner of Cheung Tong & Rosa Solicitors, Hong Kong. She is also the Company Secretary of TCL Display Technology Holdings Limited.

TCL Multimedia Technology Holdings Ltd. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016

TCL Multimedia Technology Holdings Ltd. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported turnover of HKD 6,869,048,000 compared to HKD 7,111,819,000 a year ago. Profit before tax was HKD 23,359,000 compared to HKD 45,710,000 a year ago. Profit attributable to owners of the parent was HKD 20,814,000 compared to HKD 90,224,000 a year ago. For the six months, the company reported turnover of HKD 14,226,635,000 compared to HKD 15,397,057,000 a year ago. Profit before tax was HKD 115,894,000 compared to HKD 91,060,000 a year ago. Profit attributable to owners of the parent was HKD 94,694,000 or 6.25 HK cents per diluted share compared to HKD 135,803,000 or 10.16 HK cents per diluted share a year ago. The decline in turnover led to a higher expense ratio in the first half of 2016, coupled with shrinking gross profit margin triggered by market price decrease and panel price increase in the PRC Market in the second quarter, the overall profit decreased year-on-year. Operating profit was HKD 177 million compared to HKD 199 million a year ago.

 

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