Huaxing Optoelectronics is a holding subsidiary of TCL, and TCL Group directly holds 85.7 1% equity of Huaxing Optoelectronics. Huaxing Optoelectronics ranks fifth in the global TV panel market and second among TV LCD panel manufacturers in Chinese mainland, and has always been a quality asset of TCL Group. TCL includes TCL Huaxing Optoelectronics, TCL Technology and TCL Electronics. As one of the three subsidiaries of TCL, Huaxing Optoelectronics has long been a "cash cow" of TCL, because compared with the company with the largest revenue share, Huaxing Optoelectronics has created more net profits.