TCL Li Dongsheng: China's manufacturing industry must change itself to adapt to change

Reporters Wu Qing and Li Zhenghao reported in Beijing

"TCL's 40 years of development has experienced the whole process of reform and opening up, and the most critical factor that can come to this day is the gene of change and innovation." This enables TCL to seize opportunities and stand at the forefront of China's economic development at every stage of its economic development. On October 26, at the new book tasting meeting of "All Things Are Born - TCL Dares to Be 40 Years" (hereinafter referred to as "All Things Are Born"), Li Dongsheng, founder and chairman of TCL, told China Business Daily and other media reporters.

In addition, Li Dongsheng also elaborated on TCL's "dare to act": "One is to dare to be the first, not to forget the original intention, the second is to change and innovate and keep pace with the times, the third is to transform and upgrade, and the fourth is to operate globally." ”

It is reported that "All Things Are Born" is an official authorized work of TCL for 40 years of its establishment, which details the history of TCL's entrepreneurial development through the whole cycle of reform and opening up, and was first released at the 40th anniversary commendation conference of TCL on September 28. "All Things Are Born" consists of three main lines, one is industrial upgrading, technological innovation and core capability improvement, the second is internationalization and global exploration, and the third is the enterprise reform that runs through the development of TCL. The three main lines are intertwined and supportive, which together constitute an important factor in TCL's 40 years of development.

According to reports, "All Things Are Alive" was listed for less than a month, received a lot of attention and recognition, and topped the Jingdong best-seller list and other multi-platform platforms. Qin Shuo, the author of the new book and an observer of humanities and finance, told reporters that "all things are born" comes from Zhou Dunyi's theoretical thought of "all things are born" and "zhou yi • line words" in "the meaning of life is easy". As a record of the reform history of China's manufacturing industry in the past 40 years, "All Things Are Born" has an objective and informative description of China's journey to become a manufacturing power.

It is reported that TCL started from a local enterprise that produces audio tapes, entered the manufacturing industry of home appliances and consumer electronics, after 40 years of continuous reform and innovation, transformation and upgrading, has formed three core industries of intelligent terminals, semiconductor displays, semiconductor photovoltaics and semiconductor materials, has a complete layout of the global industrial chain and supply chain, and has grown into a globally competitive technology industry group.

At the end of 2009, Li Dongsheng decided to invest in Huaxing Optoelectronics and enter the LCD panel industry. This is an important strategic choice, and it has also nurtured and created the new industrial life of TCL. At present, TCL Huaxing has become one of the leaders in the global panel industry.

On October 14, TCL Technology (000100.SZ) released the first three quarters of 2021 performance forecast, the company is expected to achieve a net profit of 13.050 billion to 13.350 billion yuan, an increase of 533% to 548% year-on-year; net profit attributable to shareholders of listed companies is expected to reach 9.030 billion to 9.180 billion yuan, an increase of 346% to 353% year-on-year, handing over a dazzling report card.

At present, the century-old changes are intertwined with the epidemic, there are many uncertainties in the prospects of global economic development, and the global development of Chinese enterprises has encountered challenges, but it also contains great opportunities. The topic of "the road to Made in China under the Global Change" has also sparked in-depth discussions.

The reporter noted that in the layout of global business, TCL has entered the Vietnamese market since 1999 and launched global exploration. In 2004, it acquired the French Thomson color TV business and the Alcatel mobile phone business, entered the mainstream markets in Europe and the United States, and gradually built a global industrial chain. After 22 years of global business exploration, TCL has established 42 R&D institutions and 28 manufacturing and processing bases around the world, with business in more than 160 countries and regions around the world, and more than 960 million cumulative service users. In 2020, TCL's overseas revenue reached 73.4 billion yuan, and it has become one of the leaders in the globalization of Chinese enterprises. The industry believes that in the complex global economic and trade environment, TCL's exploration and change experience also has reference and reference significance for the current Chinese manufacturing.

Li Dongsheng pointed out that under the change, China's manufacturing industry must change itself to adapt to change. Taking TCL as an example, in the past 10 years, TCL has been working hard to achieve the direction of the industrial chain supply chain deep into the world, and the global layout can minimize the impact of trade protectionism.

(Editor: Wu Qing Proofreader: Yan Jingning)