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TCL Technology's Financial Triumph in 2025

TCL Technology Group Corporation (known by its stock symbol 000100.SZ) has reported an extraordinary increase in its net profit, a staggering 188.8% year-on-year jump for the fiscal year 2025. This remarkable growth culminated in a net profit of RMB 4.52 billion (approximately US$643 million), primarily attributed to a booming display business that has positioned the company at the forefront of the global market for advanced display technologies.

The company’s full-year operating revenue also demonstrated significant growth, reaching RMB 184.06 billion (around US$26.19 billion), marking an 11.7% increase from the previous year. Adding to this positive momentum, TCL Technology's net cash flow from operating activities soared by 49.1%, totaling RMB 44.02 billion (about US$6.26 billion). In response to this robust performance, the board of directors declared a cash dividend of RMB 0.90 (equivalent to US$0.13) per 10 shares, which represents a payout ratio exceeding 40%. Furthermore, TCL has set forth a plan to ensure a minimum annual dividend of 30% of its net profit attributable to shareholders from 2026 to 2028.

Display Business Drives Growth

At the heart of TCL’s stellar financial performance lies its display segment, spearheaded by TCL CSOT, which has emerged as a catalyst for growth and earnings. This subsidiary reported phenomenal operating revenue of RMB 105.24 billion (roughly US$14.97 billion), an increase of 17.4% year-on-year, along with a net profit surge of 44.4%, amounting to RMB 8.01 billion (approximately US$1.14 billion).

TCL CSOT maintained its leading global position in the large-size display market, capturing the number one spot in market share for panels measuring 98 inches and larger, and ranking second overall for TV panel shipments worldwide. The company also saw impressive gains in several segments, with monitor panel shipments increasing by 17%, which secured its position as the world’s second-largest player in that category. Notably, gaming monitor sales reached first place globally. Similarly, laptop panel shipments experienced a substantial increase of 64%, and mobile phone panel shipments gained 29%, boosting TCL's global market share to third place in this arena.

In a strategic move to bolster its domestic production and technological capabilities, TCL Technology successfully acquired LG Display's Guangzhou LCD production facility to swiftly ramp up the mass production of monitor products. Additionally, the company initiated the construction of the world's premier 8.6-Generation IJP OLED production line in Guangzhou, a significant step towards realizing next-generation display technologies.

Commitment to Sustainability and Operational Excellence

TCL Technology has also made strides in enhancing the operational performance of its new-energy photovoltaics business. For the year 2025, this segment achieved an operating revenue of RMB 22.73 billion (approximately US$3.23 billion), with the cells and modules segment contributing significantly to this success, reporting a 60.5% increase in revenue, amounting to RMB 9.32 billion (around US$1.33 billion).

To optimize efficiency, TCL CSOT harnessed artificial intelligence to streamline manufacturing and R&D processes. The unveiling of 'X-Intelligence 3.0,' a display industry-first domain-specific large AI model featuring advanced reasoning capacities, allowed the company to significantly boost material development efficiency by 30% and enhance product issue analysis efficiency by 20%.

About TCL Technology

Founded in 1981, TCL, which stands for 'The Creative Life,' is a global leader in various sectors, especially in display technologies and sustainable energy solutions. TCL Technology Group Corporation emerged from a restructuring effort in 2019 aimed at focusing on capital-intensive high-tech industries, such as displays and new-energy photovoltaics. Its subsidiary, TCL CSOT, has attained a commendable standing as a global leader in display technology, holding the second-largest share in the global TV panel market and leading in gaming display panels. The company is continuously innovating, producing next-generation display technologies like Micro LED, Mini LED, IJP OLED displays, and light field displays. As the foremost producer of solar-grade silicon crystals and a pivotal player in the global silicon wafer market, TCL Technology's subsidiary TZE boasts competitive advantages, particularly in G12 and N-type solar materials via cutting-edge technologies.