- Company Overview
Tianma Microelectronics Co., Ltd., stock code 000050, is a listed company under the state-owned China Aviation Industry Corporation. The company’s main business is the design, manufacturing, and sales of display devices and related materials and equipment.
Tianma Microelectronics is one of the largest manufacturers of LCDs and modules in China, focusing primarily on the small to medium-sized display sector. In 2024, the company achieved the highest global shipment volume in automotive-grade TFT-LCDs, in-vehicle instrument displays, head-up displays (HUD), LTPS smartphone displays, mainstream brand rigid OLEDs, and professional display modules. The company’s flexible AMOLED smartphone business continues to grow rapidly, with global shipments of flexible AMOLED smartphone main screens ranking third.
- Employee Compensation
In the past three years, the number of employees in the company has gradually decreased. By the end of 2022, the company had 25,782 employees, which decreased to 22,580 by the end of 2024, a reduction of 3,202 employees over two years, resulting in an optimization ratio of over 12%.
Regarding average compensation, Tianma Microelectronics has seen a year-on-year increase in average income over the past three years, with an average income of 163,700 CNY in 2020, 175,500 CNY in 2023, and projected to grow to 185,400 CNY in 2024.
Compared to other listed companies in the same industry, Tianma Microelectronics’ average salary level is not particularly high, slightly lower than BOE (203,700 CNY), Huiguang Optoelectronics (201,200 CNY), and TCL Technology (188,100 CNY), but slightly higher than Longteng Optoelectronics (181,900 CNY).
According to statistics from recruitment websites, the compensation at Tianma Microelectronics varies significantly based on position, region, and education level, with salary ranges concentrated between 4,500 CNY and 50,000 CNY. About 50% of positions have monthly salaries between 10,000 CNY and 20,000 CNY, with an average monthly salary of approximately 17,800 CNY for undergraduates, 25,800 CNY for master’s degree holders, and up to 42,500 CNY for PhDs. Benefits mainly include five insurances and one fund, performance bonuses, holiday benefits, paid annual leave, employee travel, and year-end bonuses.
- Financial Status
In recent years, Tianma Microelectronics has experienced significant fluctuations in performance, with a net profit of 1.475 billion CNY in 2020, but a loss of 2.098 billion CNY in 2023. In terms of operating revenue, there has been little change over the past five years, with revenues of 29.233 billion CNY, 33.766 billion CNY, 31.447 billion CNY, 32.271 billion CNY, and 33.494 billion CNY from 2020 to 2024.
However, due to terminal demand and intensified industry competition, the prices of the company’s display products have significantly decreased, leading to a drop in gross profit margin from 19.43% in 2020 to 6.78% in 2023. Additionally, the increase in R&D investment has also reduced profitability to some extent.
Although the company’s performance has turned from loss to profit this year, with a net profit of 313 million CNY in the first three quarters and a recovery in gross profit margin to 16.47%, the marginal improvement is evident. However, there remains a significant gap from the profitability level of 2020, and insufficient terminal consumer momentum, along with the potential underperformance of the smartphone, laptop, and tablet markets, will be the main factors constraining the company’s profit growth.
It should be noted that the average salary calculated based on the disclosed data of listed companies refers to the financial accounting salary, which measures all costs paid by the company for employees, including wages, social security, housing fund, and various benefits, and differs from the commonly understood net salary. Moreover, due to differences in management levels and compensation systems, the average salary level may be higher than the median, which is a normal phenomenon in statistics.
About the Author: A post-80s graduate from a 985 university, CPA, with a career experience in auditing, brokerage, and private equity. This channel mainly records personal observations and thoughts during investment research. Any analysis and future predictions regarding listed companies in this article are solely personal opinions!Feel free to like, follow, and share. Wishing you prosperity!Which of the three major telecom operators—China Mobile, China Unicom, or China Telecom—offers the highest salary?How is the salary treatment at China Mobile, the world’s largest telecom service provider with an average annual salary of over 340,000 CNY?Which telecom operator has the highest salary among the three major telecom operators—China Telecom?Are you being averaged out? The telecom operator with an average annual salary of over 260,000 CNY—China Unicom.Exploring the salaries of listed companies—Shenzhen Huafa, with an average salary of over 100,000 CNY in the display manufacturing industry.