TCL Technology reports strong first half performance, profit surges 89.3%

TCL Technology Group Corp. announced a strong performance in the first half of 2025, with revenue of CNY 85.6 bn, a 6.7% increase year-on-year. Net profit attributable to shareholders surged by 89.3% to CNY 1.88 bn, with operating cash flow growing by 115.9% to CNY 27.3 bn. The company maintains an asset-liability ratio of 67.7%, reflecting robust financial management.

The company's semiconductor display business saw a 14.4% revenue increase to CNY 50.43 bn, with net profit up 74.0% to CNY 4.32 bn. Strategic acquisitions, including 100% equity in LG Display (China) Co., Ltd. and its Guangzhou counterpart, totaling CNY 13.7 bn, aim to enhance its market position. Additionally, the company initiated a CNY 700-800 million share repurchase program and completed its 2024 profit distribution plan, paying CNY 0.5 per share.

TCL Technology is also amending its Articles of Association to remove the Supervisory Board and transfer its functions to the Board’s Audit Committee, aligning with legal and operational needs. These changes, alongside adjustments to its registered capital to CNY 20,800,862,447, are subject to shareholder approval at the upcoming Extraordinary General Meeting.