TCL Technology (000100) Q4 2025 earnings summary

Executive summary

• Achieved revenue of ¥184.06 billion, up 11.7% year-over-year; net profit attributable to shareholders was ¥4.52 billion, up 188.8% year-over-year; operating cash flow reached ¥44.02 billion, up 49.1% year-over-year.

• Focused on three core businesses: semiconductor display, new energy photovoltaics, and semiconductor materials, with continued investment in R&D and global expansion.

• Board proposes a cash dividend of ¥0.9 per 10 shares for 2025, reflecting commitment to shareholder returns.

Financial highlights

• Revenue: ¥184.06 billion (+11.7% YoY); net profit attributable to shareholders: ¥4.52 billion (+188.8% YoY); basic EPS: ¥0.2333 (+177.1% YoY).

• Operating cash flow: ¥44.02 billion (+49.1% YoY); total assets: ¥372.74 billion; net assets attributable to shareholders: ¥61.43 billion (+15.6% YoY).

• Gross margin for semiconductor display: 20.1%; new energy photovoltaic and semiconductor materials: -6.36%.

• R&D investment: ¥9.54 billion, 5.18% of revenue.

Outlook and guidance

• Confident in achieving continued overall performance growth in 2026, with a focus on strengthening core businesses and improving operational efficiency.

• Plans to further consolidate semiconductor display leadership, support photovoltaic business recovery, and accelerate semiconductor materials expansion.