Li Dongsheng denied that TCL broke up with Al Carter said winter is over

Li Dongsheng revealed that the company losses from two main businesses: a part is the field of mobile communications major losses; in addition, rigid business restructuring brought a loss of TTE is relatively large

Newspaper reporter Kuang Zhiyong from Shenzhen

TCL group's most difficult period has passed, losses in the fourth quarter of this year will be significantly reduced than the losses in the first quarter of three, the management is fully confident that in the next year to achieve profitability." Yesterday, TCL Group Chairman Li Dongsheng said, in order to achieve this goal, the management of the group since the second half of this year, even with only half pay.

Li Dongsheng told the "First Financial Daily" at the same time, TCL group will strive to the end of this year before the introduction of new strategic investors, the new shareholders are big consumer electronics, will support for the process of internationalization of the company, "I hope I can finish this work before the share reform".

Li Dongsheng exposes home short

Li Dongsheng, as the first half of this year, a huge loss of the company, the board of directors of individuals and companies have been under tremendous pressure.

TCL group's third quarter report shows that the company's losses during the period of RMB 446 million yuan, the first three quarters of the total loss of $1 billion 139 million, cash flow of -7.87 billion.

Li Dongsheng said the company losses from two main businesses: a part is the field of mobile communications major losses; in addition, the TTE (with the TCL Thomson joint venture) rigid business restructuring brings loss is relatively large.

Li Dongsheng said, TCL mobile business from profit to loss of the reversal, the market downturn is an important reason, but the most critical factor is not solid foundation of their own, did not form the core competitiveness. The specific performance is that from the beginning of 2003, there is no special success of the product, product development has not been a major breakthrough, no breakthrough in quality." He said that in the future, TCL mobile communications efforts to improve their core competencies.

Li Dongsheng said, TCL mobile communications is currently the development direction of the international market, the domestic market is in a controlled development stage, there is a fundamental improvement in confidence next year".

For example, although the results of TTE restructuring is not as expected, but the U.S. and European markets have greatly improved, this year is expected to reduce the loss of more than $50 million last year. And next year, the color TV business is also expected to profit.

Alcatel more than 20 million euros

"We and Al Carter not only continue to cooperate, and even more than the cost of Al Carter." Li Dongsheng once again stressed the consistency of the TCL group and the marriage of Al Carter.

May 17th of this year, TCL communications announced in the Hongkong stock exchange, said: TCL communications (2618.HK) will be through the stock exchange, the acquisition of T&A45% stake held by alcatel. Insiders believe that this means that TCL communications to buy all the shares of the joint venture, and Al Carter quit the joint venture. Some comments even use TCL and Al Carter joint venture to end or break up to describe.

In this regard, Li Dongsheng said, after the two reorganization, TCL communications business basically achieved global research and development, supply chain integration. Al Carter did not divestment, but the equity change to TCL communications, but also more than 20 million euros of deposit, in October 1st this year has been in place. Al Carter even committed to the recovery of redundant employees in Europe, the high cost of firing workers in Europe, this is a big loss for TCL communications".