TCL Technology's net profit attributable to parent company in 2025 reaches 4.52 billion yuan, a year-on-year increase of 188.8%. China Star's billion-dollar scale becomes the strongest engine.

On March 27, TCL Technology (000100.SZ) released its 2025 annual report. During the year, the company’s operating revenue was RMB 184.06 billion, up 11.7%; net profit attributable to shareholders of the listed company was RMB 4.52 billion, up 188.8%; and net operating cash flow was RMB 44.02 billion, up 49.1%. The company plans to distribute a dividend of RMB 0.9 for every 10 shares, with a total cash dividend of RMB 1.87 billion, and the dividend payout ratio exceeding 40%.

During the reporting period, TCL Huaxing achieved high-quality growth, with a significant improvement in profitability, becoming the company’s core growth engine. In 2025, it recorded operating revenue of RMB 105.24 billion, up 17.4%; net profit of RMB 8.01 billion, up 44.4%; and net profit attributable to TCL Technology shareholders of RMB 5.36 billion, up 54.4%.

At the business level, TCL Huaxing’s large-size TV and commercial display businesses continued to maintain global leadership, while its mid- to small-size businesses grew rapidly. Shipments of displays, notebook PCs, and smartphone panels increased year over year by 17%, 64%, and 29%, respectively. Its market share remained among the top positions globally. In the tablet business, there was a breakthrough in growth, with market share rising to the second largest globally. In emerging application areas, TCL Huaxing’s automotive display shipment area increased year over year by 61%, and market share rose to 11%. A diversified growth pattern continued to be strengthened.

In 2025, TCL Huaxing successfully acquired and integrated LGD’s Guangzhou LCD plant, with Phase II of the t9 project fully coming into production, and completed a strategic acquisition of minority equity interests in its G11 production line (t6 and t7). The company continued to advance the industrialization of its two major strategic tracks: printed OLED and MLED. Its globally first high-generation printed OLED production line (t8) has already begun construction. The company also actively promoted vertical integration along the LED industrial chain, opening up room for innovation in the optoelectronics application field.

In 2025, TCL Huaxing’s digital and smart transformation was pushed forward in depth, enabling upgrades across the entire value chain with AI technology. Its global operations continued to be improved, with coordination between overseas business and sustainable development enhanced.

Looking ahead, facing both opportunities arising from the restructuring of global semiconductor display industry cycles and the iteration of display technologies, TCL Huaxing, while consolidating its global leadership in large-size displays, will continue to benefit from breakthroughs in scale and profit in mid- to small-size businesses. It will also enhance competitiveness through asset integration and technology layout. The company’s medium- to long-term earnings stability and core competitiveness are expected to continue strengthening.