TCL Group (000100) announced that the company's mobile phone business sales reached 17.13 million units in the first seven months, up 1.6 times year-on-year; LCD TV sales in January-July increased slightly by 2.5% to 3,683,100 units, of which LED-backlit LCD TV sales were 96,774. Taiwan has begun to take shape and will continue to expand.
In terms of communication business, TCL's mobile phone sales in July reached 2,905,900 units, an increase of 89.44% year-on-year, of which overseas markets increased by 119% year-on-year. TCL Communications plans to launch a series of new models of Internet phones in the second half of the year.
In terms of multimedia business, LCD TV sales in July were 429,300 units, an increase of 19.05% from the previous month, but down 35.3% year-on-year. TCL Group said that due to the adjustment of the North American market and strategic OEM business. In the North American market, TCL Multimedia began to stop selling RCA brand TVs in the second quarter, and began sales of TCL's own brands in the third quarter. Sales in the region will remain low in the short term. During the same period, TCL Multimedia continued to put more resources into the promotion of its own branded products, so the proportion of strategic OEM business in the overall business was further reduced.
In July, TCL multimedia LED-backlit LCD TVs were forming large-scale sales; the chain grew by 116%, of which emerging markets increased by 156.6%. In the large size products have been catching up with the main products. At present, TCL LCD TV product line combination adjustment has achieved initial results, LED backlight LCD TV sales accounted for the proportion of LCD TV sales has increased to 9.74%.
In the industry view, TCL is accelerating the pace of expansion to the upstream of the LCD TV industry. Its LED backlight project has been mass-produced in August, and the private placement of investment in LCD panels has also been completed. Relevant supporting cooperation continues to advance, along with the industrial chain. With the improvement of its capabilities and its leading position in the field of Internet TV and the accumulation of LED-backlit LCD TVs, the company will enter a new development period.

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