TCL Zhonghuan's Q3 profit improves despite nine-month revenue drop

TCL Zhonghuan New Energy Technology Co., Ltd. reported a year-to-date operating revenue of 21.57 bn yuan for the first nine months of 2025, a 4.48% decrease compared to the same period last year. However, the company's net profit attributable to shareholders improved by 4.70% year-on-year, reaching a loss of 5.78 bn yuan for the period. For Q3 alone, net profit attributable to shareholders improved by 802m yuan sequentially and 146.3m yuan year-on-year.

The company's total assets stood at 123.12 bn yuan, reflecting a 1.97% decrease from the previous year-end. Basic and diluted earnings per share were both -1.4467 yuan for the nine-month period. Operating cash flow for the nine months was 632.48m yuan, a 75.31% decrease year-on-year, primarily due to changes in operating capital.

TCL Zhonghuan emphasized its commitment to "anti-internal competition" in its new energy photovoltaic business, with sales in this segment improving by 22% sequentially in Q3. The semiconductor materials business also grew, with sales up 28.7% year-on-year.