• TCL Group

• Display Parts

Though the multi-media and home appliance businesses obtaied satisfying revenue, TCL suffered significant decline in its performance dragged down by the subsidiary Shenzhen China Star Optoelectronics Technology (CSOT).

According to the semiannual report released by TCL, its net income reached RMB 480 million with significant decline of 43.7% YoY; and the LCD panel production line project with investment of RMB 24.5 billion operated by CSOT suffered loss of RMB428 million. The loss can be attributed to that the project is in output releasing stage and the whole industry confronts periodic trough.

CSOT hasn’t achieved any income since it was put into mass production in October 2011. In 2011, the subsidiary lost RMB146 million and the operational loss even reached RMB476 million, deducting RMB330 million subsidiaries from government.