证券日报网讯 TCL科技9月23日在互动平台回答投资者提问时表示，公司生产经营一切正常。 （文章来源：证券日报） ...

文/华夏ESG观察联盟 企业介绍 TCL华星于2024年成立中台级节能专项工作组，以"三峡项目"专案推动形式，开展深水节能、工艺革 新、设备汰换等共计361项节能措施，节能效益达1.25亿元，单位产能面积能耗较2023年下降5.5%；旗 下武汉基地还通过优化ArrayCVD制程，2024年累计减少NF3使用168吨，间接减3,951吨。 实践案例 2024年，TCL科技围绕气候变化风险识别与管理、节能减排、绿色智造、绿色办公、可再生能源应用等 方面开展落实降碳工作，提升气候变化应对与能源管理水平。 面对全球气候变化日益严峻的环境问题，2023年，TCL科技公开承诺"将在2030年前实现碳达峰、2050 年前实现自身运营碳中和"的双碳目标。结合外部市场环境和自身运营实际，TCL科技构建了由董事会 领导的气候变化治理体系，下设战略与可持续发展委员会，作为气候议题的最高管理机构，ESG工作委 员会则作为战略与可持续发展委员会的常设机构负责气候议题的整体统筹和推进，追踪气候目标的执行 进展。 TCL科技旗下各产业将绿色生产、绿色制造理念融入公司的日常生产运营管理。截至2024年底，TCL科 技旗下28家公司通过ISO ...

Core Viewpoint - The planned production halt by major Chinese LCD TV panel manufacturers during the National Day holiday is expected to stabilize panel prices in October, following a significant impact from last year's holiday production control [1][3]. Group 1: Production Plans and Capacity Utilization - Major Chinese panel manufacturers will take a break of approximately 3 to 7 days during the National Day holiday, which is expected to reduce the overall capacity utilization from around 90% in September to below 80% in October [4]. - The capacity utilization rates for LCD TV panels are projected to be 77% in October 2023 and 79% in October 2024, indicating a slight recovery compared to the 68% utilization in October 2022 [3][4]. Group 2: Market Impact and Price Stability - The production control during the holiday is aimed at adjusting supply and demand dynamics, which is crucial as the holiday marks the beginning of the fourth quarter and is a key preparation period for the "Double 11" shopping festival [5]. - Despite the current price stagnation, manufacturers are optimistic about potential price increases in the fourth quarter, as the global LCD TV panel prices have stabilized since August [5]. - The expected output volume from Chinese panel manufacturers is projected to reach a peak in September, with the National Day holiday serving as a strategic point for maintaining price stability [5].

去年10月国庆长假的控产效果明显，今年中国大陆液晶电视面板厂商在国庆放假，预计将使10月相关面板价格环比维持稳定。 第一财经记者9月22日从面板厂商和调研机构获悉，中国面板龙头企业的液晶电视面板生产线计划国庆放假约一周左右，这将有利于稳定10月液晶电视面板 价格。 三年前，液晶电视面板行业国庆是不放假的。群智咨询（Sigmaintell）大尺寸显示事业部副总经理张虹告诉记者，2021年10月的液晶电视面板产能利用率为 88%。2022年下半年行业开始减产，当年10月相关生产线整个月投片量下调、液晶电视面板产能利用率为68%。国庆放假从2023年开始。2023年10月的液晶 电视面板产能利用率为77%，2024年10月为79%，今年10月预计也是79%。放假也是不停机，只是不投料。 张虹说，今年国庆假期，中国大陆液晶电视面板厂商针对不同的生产线有不同的休假计划，放假时间约3~7天不等。为了防范四季度电视面板采购需求回落 对面板价格形成压力，面板厂商在国庆假期选择主动控产，将对10月液晶电视面板价格维持稳定起积极作用。 TCL华星相关人士向记者确认，10月第一周，TCL华星预计部分生产线放假。京东方相关人士也透露 ...

Core Viewpoint - The article discusses the rapid adoption and market penetration of 4K televisions, highlighting the importance of content and signal quality to fully utilize the capabilities of these devices. Group 1: Market Overview - 4K televisions have become a significant selling point in the market, transitioning from high-end products to mainstream options with prices starting from around 1,000 yuan for 50-inch models and up to over 10,000 yuan for 100-inch models [2][4] - In 2023, global shipments of 4K televisions reached approximately 150 million units, accounting for over 70% of total television shipments, with a projected increase to 160 million units in 2024, representing a year-on-year growth of about 6.7% [4] Group 2: Industry Participants - Major global players in the 4K/8K ultra-high-definition television market include Sharp, Sony, LG, and Samsung, while domestic brands in China consist of TCL, Hisense, Haier, Changhong, Konka, as well as emerging brands like Huawei, Honor, and Xiaomi [5] Group 3: Content and Signal Development - The availability of 4K content and signals is crucial for enhancing the viewing experience, with the National Radio and Television Administration planning to launch 13 new ultra-high-definition channels by the end of 2025 and an additional 11 channels in 2026 [10][11] - By 2025, the number of ultra-high-definition channels in China is expected to reach 12, with platforms like iQIYI, Youku, and Tencent planning to have over 50% of their newly added programs in ultra-high-definition [11] Group 4: Consumer Engagement and Upgrades - The "Oriental Cable Ultra HD AI Upgrade Action" launched in Shanghai aims to provide free upgrades of ultra-high-definition AI set-top boxes to cable television users, facilitating access to enhanced viewing experiences [10][11] - Consumers can also benefit from a television renewal service, allowing them to purchase 4K televisions at discounted prices, further promoting the adoption of ultra-high-definition technology [13]

Core Insights - TCL announced a significant technological upgrade with the SQD-Mini LED, introducing the X11L SQD-Mini LED television, which offers enhanced color accuracy and vividness compared to traditional RGB-Mini LED TVs [2][3] - The SQD-Mini LED technology achieves 100% BT.2020 global high color gamut, surpassing OLED in brightness, color, and lifespan, while RGB-Mini LED only covers 97% BT.2020 [2] - The X11L television utilizes a unique backlight system that generates pure three-color light, avoiding color interference issues present in RGB-Mini LED technology [3] Product Specifications - The TCL X11L is noted for its ultra-thin design, measuring approximately 2cm, making it the thinnest Mini LED television globally [3] - Pricing for the TCL X11L is set at 59,999 yuan for the 98-inch model, 34,999 yuan for the 85-inch model, and 19,999 yuan for the 75-inch model [3]

Core Insights - The sales proportion of ultra-high-definition (UHD) televisions has reached 95% for some manufacturers in Shanghai, indicating a significant market penetration that needs to be complemented by the development of UHD content [2][4]. Group 1: Market Trends - In Shanghai, the promotion of UHD televisions is accelerating, with TCL reporting a 95% sales share of UHD TVs in the region as of 2025 [4]. - Hisense has sold over 150 million TVs in Shanghai, with all models 55 inches and above being 4K UHD products, reflecting a trend towards larger screen sizes and diverse display technologies [5]. - The penetration rate of UHD TVs is increasing, with Pinduoduo reporting double-digit growth in UHD TV sales this year, driven by government subsidies and technological advancements [6]. Group 2: Consumer Experience and Engagement - TCL emphasizes the importance of enhancing consumer experience through physical store demonstrations and partnerships with local telecom operators to promote UHD TV sales [4][5]. - Hisense suggests optimizing 4K and 8K content decoding capabilities and collaborating with local operators to pre-install UHD content channels [5]. - The shift in consumer behavior is moving from parameter competition to experience upgrades, with a growing demand for immersive home entertainment solutions [6]. Group 3: Sales Strategies and Policies - TCL has introduced promotional packages like "4K package + TV" in collaboration with Shanghai Telecom to stimulate UHD TV sales [4]. - Hisense advocates for government subsidies for old TV replacements and the inclusion of energy-efficient UHD TVs in government procurement lists to lower upgrade costs [5]. - Retailers like Suning are creating themed experience zones to enhance consumer engagement and showcase the differences between new and old TV products [6].

Group 1 - The event "2025 Guangdong Listed Companies Investor Relations Management Month" aims to enhance investor relations management and boost investor confidence and satisfaction [2] - Guangdong has hosted this event for 15 consecutive years, introducing innovations such as "Investor Collective Reception Day and Semi-Annual Performance Briefing" since 2022 [2] - The event attracted nearly 50 company executives and over 100 institutional investor representatives, fostering trust and market vitality [2] Group 2 - As of now, there are 459 listed companies in Guangdong (excluding Shenzhen) with a total market capitalization exceeding 6.59 trillion yuan [4] - In the first half of 2025, these companies reported a total revenue of 1.85 trillion yuan and a net profit of 1150.74 billion yuan, representing year-on-year growth of 6.97% and 9.19% respectively [4] - 74 listed companies distributed over 16 billion yuan in mid-year dividends, with four companies exceeding 1 billion yuan in dividends [4] Group 3 - Over 40% of listed companies in the region have annual R&D expenditures exceeding 100 million yuan, with nearly 60% having R&D intensity over 4% [5] - The region's listed companies are actively engaging in technology innovation and industry upgrades, contributing significantly to high-quality economic development [5] Group 4 - The scale of major asset restructuring in the region has exceeded 40 billion yuan this year, with 17 major asset restructuring transactions completed [6][7] - The Guangdong Securities Regulatory Bureau has initiated a special action for "Quality Improvement, Value Enhancement, and Image Enhancement" among listed companies [6] Group 5 - In 2024, the total cash dividends from listed companies reached a record high of 1218.6 billion yuan, with an average dividend payout ratio of 53.5%, leading the national average by 16 percentage points [8] - The investor communication platform achieved a response rate of over 99% for investor inquiries in the first half of 2025 [8] Group 6 - The event served as a multi-faceted platform for showcasing achievements, issuing initiatives, and facilitating value exchanges between companies and investors [10] - A total of 30 companies were recognized for their cash dividend contributions, with representatives signing a commitment to enhance investor satisfaction [10]

Core Viewpoint - Guangdong Huizhou has achieved a significant milestone by winning the China Quality Award, with TCL Technology Group being the only award recipient from the province, marking a breakthrough in quality recognition for the region [1] Group 1: Quality Improvement Initiatives - Huizhou's market regulatory bureau has been actively promoting quality enhancement actions, encouraging enterprises to adopt quality-based brand strategies, leading to high-quality development across various sectors [1][2] - The city has established a tiered cultivation system for quality award-winning enterprises at national, provincial, and municipal levels, motivating businesses to implement advanced quality management models [2] Group 2: Quality Management Models - The "extreme, leading, and collaborative" quality management model, developed by TCL Technology under the national quality strategy, has been instrumental in enhancing the company's innovation and competitiveness, with some product areas achieving global leadership [2][5] Group 3: Standards and Support - Huizhou's market regulatory bureau is guiding enterprises to adopt advanced standards and pursue excellence in quality, resulting in the creation of several leading domestic and internationally recognized "Huizhou Manufacturing" products [3] - The bureau has introduced 40 key measures to optimize the business environment, focusing on quality support and standard leadership, including quality improvement actions and the establishment of chief quality officers in enterprises [3] Group 4: Collaborative Quality Enhancement - The market regulatory bureau is promoting quality improvement across key industrial chains such as new energy storage, green petrochemicals, and LED lighting, facilitating quality collaboration among industry players [4] - TCL Technology's quality management model has been extended to its ecological chain enterprises, enhancing cross-industry collaboration and addressing critical technology challenges for domestic substitution [5]

Market Strategy - The market experienced a pullback after a brief rise, with total trading volume exceeding 30 trillion yuan [5][7] - The Shanghai Composite Index fell by 1.15% to close at 3831.66 points, while the ChiNext Index dropped by 1.64% to 3095.85 points [7][9] - The technology sector remained active, particularly in semiconductor and computing hardware, while other sectors like non-bank financials and materials lagged [8][9] Important Economic News - The People's Bank of China conducted a 487 billion yuan reverse repurchase operation with a 1.40% interest rate, resulting in a net injection of 195 billion yuan [14][15] - The Federal Reserve lowered interest rates by 25 basis points to a range of 4.00%-4.25%, marking the first rate cut in nine months [16][17] - In August, the postal industry in China saw a revenue increase of 4.4% year-on-year, with total revenue reaching 142.99 billion yuan [18][19] - By the end of August, the number of electric vehicle charging infrastructure units in China grew by 53.5% year-on-year, totaling 17.348 million units [20][21] Industry and Company Dynamics - JD Group and Giant Dragon Technology have formed a strategic partnership, successfully delivering their first batch of electric two-wheelers [25][26] - In August 2025, China's securities transaction stamp duty saw a significant increase of 226% year-on-year, with total revenue reaching 25.1 billion yuan [27][28] - Tesla signed a letter of intent with PharmAGRI to supply up to 10,000 Optimus 3+ robots for agricultural operations [29][30] - Meta launched AI smart glasses with a built-in display, starting at a price of $799, featuring new interaction methods [31][32][34] - In August, the average operating rate of engineering machinery in China was 43.42%, with Zhejiang province leading in performance [35][36] - TCL Technology announced plans to invest in an 8.6-generation printed OLED production line, with a total investment of approximately 29.5 billion yuan [37][39] - Meikang Bio obtained four medical device registration certificates for in vitro diagnostic reagents, enhancing its product portfolio [40][41]