In terms of scale, BOE continues to lead. In the first half of the year, BOE operating income of 60.867 billion yuan, an increase of 10.59%; mother net profit of 1.135 billion yuan, a year-on-year decrease of 31.95%; mother net profit after non-recurring gains and losses of -176 million yuan, a year-on-year decrease of 127%.
The new crown epidemic, trade friction has brought the impact, but the country's "new infrastructure" and brought opportunities, the first half of the BOE with the release of new production capacity, panel shipments increased by more than 15% year-on-year, to maintain the LCD screen in the field of cell phones, tablet PCs, laptops, monitors, TVs, leading. At the same time, the rapid growth of the smart manufacturing business, television sales in China, electronic labeling sales have increased by more than 70% year-on-year.
In the first half of the year, BOE's port devices (mainly panels), smart IoT (mainly smart manufacturing) and smart medical and industrial segments saw year-on-year revenue growth of 10.75%, 3.6% and 6.16% respectively. However, the gross profit margin of port devices, which accounted for 90% of BOE's revenue, fell 1.78 percentage points year-on-year to 13.78%, mainly due to a drop in panel prices compared to the same period last year. This caused BOE's revenue growth and net profit decline.
TCL Technology, on the other hand, in the acquisition of connected out. In the first half of the year, according to last year's divestiture of home appliance business (asset reorganization) after the same caliber, TCL Technology realized revenue of 29.33 billion yuan, up 12.3%; mother net profit of 1.21 billion yuan, down 42.3% year-on-year; mother net profit after non-recurring profit and loss of 180 million yuan, a year-on-year decrease of 27.39%. With the advancement of the resumption of work and production after the epidemic, the second quarter net profit increased by 96% year-on-year.
Among them, do panel TCL Huaxing first half revenue of 19.51 billion yuan, an increase of 19.9%; net profit loss of 133 million yuan, a year-on-year decline of 1.152 billion yuan, the second quarter ring compared to the first quarter improvement of 215 million yuan; mother of the net profit of 0.24 billion yuan. At the same time, TCL industrial finance, investment venture capital and other businesses to achieve a net profit of 1.2 billion yuan, stabilizing the company's profitability in the panel industry downturn.
The industry trough, TCL Technology to carry out a succession of acquisitions and alliances. Spending 10.974 billion yuan to acquire the Central Group, so as to obtain the semiconductor and photovoltaic materials as the main industry of the Central shares of the controlling stake, so that the business structure of TCL Technology in the semiconductor display (TCL Huaxing), industrial finance and investment in two plates on the basis of new semiconductors and new energy (Central Group) of the plate. the evening of August 28, TCL Science and Technology also announced that TCL Huaxing spends 1.08 billion U.S. dollars to acquire Suzhou Samsung 8.5 generation line, to further expand the production capacity of large-size panels. In addition, in the first half of TCL spent 2 billion yuan strategic investment in Japan JOLED company, but also with the three Ann photoelectric established a joint laboratory MicroLED.
Deep Tianma better performance in net profit growth. In the first half of the year, the deep Tianma realized operating income of 14.057 billion yuan, a year-on-year decrease of 3.69%; mother net profit of 744 million yuan, a year-on-year increase of 15.67%; mother net profit after non-recurring gains and losses of 426 million yuan, a year-on-year increase of 54.4%.
With BOE, TCL Technology has a large number of large-size LCD panel production capacity is different, the deep Tianma focus on small and medium-sized panels, which is the deep Tianma first half of the net profit growth is relatively good. Because the first half of this year, large-size LCD panels, especially LCD TV panels, prices rebounded slightly at the beginning of the year, due to the epidemic affecting end demand and once again appeared to fall until June to re-continue to rise.
In addition, with large-sized panels, "the main battlefield" LCD TV market growth is weak, small and medium-sized panels in the downstream areas, despite the decline in sales of smart phones, car display, but notebook computers, tablet PCs, medical products, demand growth. In addition, the deep sky horse in LTPS-LCD (low-temperature polycrystalline silicon - liquid crystal) cell phone screen continued to technological innovation and product upgrades, such as the introduction of the in-screen multi-touch fingerprint solution, so the first half of the deep sky horse display and display module gross profit margin increased by 3.83 percentage points year-on-year, to 19.35%.
Currently, BOE, TCL Technology and SZTMA are still expanding their panel production capacity. For example, BOE in Chongqing 6 generation flexible AMOLED panel production line; TCL Huaxing Wuhan 6 generation flexible AMOED panel production line in mass production in the process of climbing; deep Tianma in Xiamen 6 generation flexible AMOLED panel production line. In addition, the industry continues to have acquisition and merger opportunities. Therefore, it is expected that this Chinese display panel industry three giants in the coming period of time, the size of the revenue will continue to grow, and they will strive to improve profitability through the Mini LED backlight, under-screen fingerprints and other new technologies.