Company Profile For TCL Communication Technology Holdings Limited

TCL Communication Technology Holdings Limited (2618.HK) (Hong Kong Stock)

sector: Technology · industry: Communications Equipment ·

As of 26 Nov 2009

2.53HKD

Price Change

+0.08

Percent Change

+3.27%

Analyst Recommendations

Overview

TCL Communication Technology Holdings Limited (TCL Communication) is an investment holding company. The Company together with its subsidiaries is engaged in the designing, manufacturing and marketing of a range of mobile handsets in global markets. The Company’s handsets are sold in the People’s Republic of China, Europe and Latin America under two brands TCL and Alcatel. During the year ended December 31, 2008, the Company sold 11.9 million handsets. The Company’s subsidiaries include TCL Mobile Communication (HK) Company Limited, Huizhou TCL Mobile Communication Co., Ltd., TCL Mobile Communication (Hohhot) Co., Ltd., TCT Mobile Limited, TCT Mobile Europe SAS, TCT Mobile SA DE CV, TCT Mobile Suzhou Limited, TCT Mobile International Limited, JRD Communication Inc., JRD Communication (Hong Kong) Limited and JRD Communication (Shenzhen) Limited.

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, TCL Communication Technology Holdings Limited's revenues decreased 31% to HK$2.4B. Net loss totaled HK$90.5M, vs. an income of HK$112M. Revenues reflect decreased sales from the Overseas segment and lower income from China segment. Net loss also reflects decreased gross margins, higher research & development costs and the presence of share of losses of an associate.