凤凰网科技讯 9月15日，TCL今日举行秋季新品发布会，正式推出了其新一代显示技术——SQD-Mini LED，并发布了首款搭载该技术的旗舰电视产品TCL X11L系列。该系列新品旨在解决传统Mini LED技 术的行业瓶颈，在色彩表现、控光能力、亮度及工业设计上均有显著突破。 据TCL介绍，SQD-Mini LED技术是对现有Mini LED背光系统的一次重要升级。其核心优势在于实现了 100% BT.2020的全局高色域，相比之下，行业内一些RGB-Mini LED电视的色域覆盖率约为97% BT.2020，且可能只在显示单色画面时才能达到。SQD-Mini LED通过采用激发超级量子点产生纯净三色 光混合为白光的技术路径，确保了无论画面内容复杂与否，都能维持稳定的高色域输出，有效避免了因 光源混合导致的偏色或串色问题，使色彩还原更纯净、真实。 在背光控制与亮度方面，SQD-Mini LED也展现了其结构优势。其发光芯片一颗即可发出白光，而传统 RGB-Mini LED则需要三颗不同颜色的芯片为一组才能混合出白光。这意味着在同等芯片数量和成本 下，SQD-Mini LED能够实现更多的背光分区，从而带来更 ...

Group 1 - TCL Technology announced a joint investment with the Guangzhou Municipal Government and the Guangzhou Economic and Technological Development Zone Management Committee to build an 8.6-generation printed OLED display panel production line, with a total investment of approximately 29.5 billion yuan [1] - The t8 project aims to produce about 22,500 glass substrates per month, suitable for applications in tablets, laptops, and monitors, positioning TCL to commercialize high-generation printed OLED technology and surpass foreign competitors in the high-generation AMOLED field [2][3] - The printed OLED technology utilized in the t8 project boasts advantages such as excellent color performance, high resolution, high material utilization, low energy consumption, and lower investment and manufacturing costs, making it suitable for scalable commercial OLED technology across various sizes [2] Group 2 - TCL Huaxing, a subsidiary of TCL Technology, has been researching OLED technology for over a decade and holds more than 1,200 patents in printed OLED technology, with its G5.5 generation line achieving mass production in 2024 [3] - In the first half of the year, TCL Technology reported revenue of 85.56 billion yuan, a year-on-year increase of 6.65%, with semiconductor display business revenue contributing 57.55 billion yuan, and TCL Huaxing's revenue reaching 50.43 billion yuan, up 14.4% year-on-year [4] - TCL Technology ranked fourth globally in flexible OLED smartphone shipment market share during the first half of the year [4]

9月15日，TCL举办秋季新品发布会，SQD-Mini LED正式发布。同时，全球首款采用这一技术的X11L SQD-Mini LED电视以及RGB-Mini LED电视Q10M Ultra、RGB-Mini LED电视Q9M同步亮相。 据悉，TCL SQD-Mini LED是Mini LED技术的升级。基于超级蝶翼华曜屏与超级量子点两大核心技术， 它实现了100% BT.2020全局高色域，在亮度、色彩和寿命上全面超越OLED。对比普通RGB-Mini LED 97% BT.2020色域覆盖率，SQD-Mini LED显色更丰富、更纯净，避免了偏色、串色等行业问题。同 时，它在分区、亮度、外观设计等方面都实现了突破。 ...

TCL科技集团股份有限公司、 TCL实业控股股份有限公司、 广东德赛集团有限公司等 3家惠州本土企业上榜， 彰显了惠州在电子信息等 9月15日， 中国企业联合会、中国企业家协会 第24次向社会发布 "2025中国企业500强"榜单。 本次榜单以2024年企业营业收入为依据，2025中国企业500强营业收入达110.15万亿元，入围门槛实现23连升，达479.60亿元，提升5.79亿元； 实现归属母公司所有者净利润总额4.71万亿元，增长4.39%，显示出中国经济总体实力持续增强。 此外，千亿规模企业数量显著增长，500强企业中共有267家营收超千亿元，较上年增加14家，千亿级企业占比达53.4%，15家企业突破万亿 元。 在全国大企业方阵中，惠州企业表现亮眼，TCL科技集团股份有限公司、TCL实业控股股份有限公司、广东德赛集团有限公司3家本土企业成 功入围，均来自惠州支柱产业——电子信息领域，凸显了"惠州制造"在全国产业格局中的重要地位。 优势产业领域的坚实根基。 | 名次 企业名称 | 营业收入/万元 总部所在地 | | --- | --- | | 12 中国平安保险(集团)股份有限公司 | 1140814 ...

Core Viewpoint - TCL Technology's stock has experienced a decline of 13.05% year-to-date, with a recent drop of 2.04% on September 16, 2023, indicating potential challenges in market performance [1] Financial Performance - For the first half of 2025, TCL Technology reported a revenue of 856.62 billion yuan, representing a year-on-year growth of 6.67%, while the net profit attributable to shareholders was 18.84 billion yuan, showing a significant increase of 89.26% [2] - Cumulative cash dividends since the A-share listing amount to 146.83 billion yuan, with 24.91 billion yuan distributed over the last three years [3] Shareholder Structure - As of June 30, 2025, the number of shareholders decreased by 6.61% to 686,400, while the average number of circulating shares per person increased by 7.06% to 26,366 shares [2] - The largest circulating shareholder is Hong Kong Central Clearing Limited, holding 855 million shares, an increase of 39.56 million shares from the previous period [3] - Other significant shareholders include China Securities Finance Corporation and various ETFs, with notable increases in holdings [3] Market Activity - On September 16, 2023, TCL Technology's stock price was 4.33 yuan per share, with a trading volume of 846 million yuan and a turnover rate of 1.07% [1] - The stock has seen a net outflow of 161 million yuan in principal funds, with large orders showing a mixed buying and selling activity [1]

Core Viewpoint - TCL has announced a revolutionary upgrade in Mini LED technology with the launch of the world's first SQD-Mini LED television, the X11L, alongside benchmark RGB-Mini LED models Q10M Ultra and Q9M, which are expected to set new standards in display quality and user experience [1][2] Group 1: Technology Advancements - The SQD-Mini LED technology represents a significant upgrade over traditional Mini LED, utilizing Super Butterfly Huayao screen and Super Quantum Dot technologies to surpass OLED in brightness, color, and lifespan [1] - SQD-Mini LED offers richer and purer color representation, eliminating industry issues such as color deviation and crosstalk, and achieving a breakthrough in partitioning, brightness, and design [1][2] Group 2: Performance Comparison - Compared to RGB-Mini LED, the SQD-Mini LED provides higher brightness under the same cost and number of lamps, resulting in finer picture quality and greater depth, with less environmental impact [2] - The X11L is noted as the thinnest Mini LED television globally, leading a new trend in ultra-thin integrated television design [2] Group 3: Industry Implications - The SQD-Mini LED technology is viewed as a key solution in the evolution of display technology, combining backlight technology, quantum dot material science, and precision manufacturing processes [2]

Core Viewpoint - TCL has launched the world's first SQD-Mini LED television, the X11L, which features significant advancements in color accuracy, brightness, and overall display quality compared to traditional RGB-Mini LED technology [1][10]. Group 1: Technology Advancements - The SQD-Mini LED technology achieves 100% BT.2020 global high color gamut, surpassing OLED in brightness, color, and lifespan [1][6]. - SQD-Mini LED utilizes a single light-emitting chip to produce white light, which allows for more precise control of brightness and color compared to RGB-Mini LED, which requires three chips [5][6]. - The X11L features over 20,000 local dimming zones, making it the television with the highest number of backlight zones in its category [6][10]. Group 2: Visual Performance - The SQD-Mini LED technology provides stable high color gamut performance across all types of images, avoiding color interference issues present in RGB-Mini LED [4][5]. - The X11L can reproduce HDR content with a peak brightness of 10,000 nits, ensuring detailed rendering of high-brightness scenes [8][10]. - The combination of super quantum dot materials and advanced screen technology enhances color accuracy and overall visual experience [6][9]. Group 3: Design and Collaboration - The X11L is designed to be ultra-thin, measuring approximately 2 cm, setting a new trend for slim integrated television designs [9]. - TCL collaborated with Bang & Olufsen to enhance the audio experience, ensuring high-quality sound to complement the visual performance [9][10]. - The aesthetic design of the X11L balances technological innovation with humanistic elements, making it a visually appealing addition to any home [9]. Group 4: Pricing and Market Position - The retail prices for the X11L are 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 [10]. - The launch of the X11L signifies a transformative moment in visual technology, positioning TCL as a leader in the high-end television market [10].

拟建设 8.6 代印刷 OLED 项目，把握 OLED 中大尺寸应用机遇 核心观点 事件：TCL 科技公告，拟投资建设第 8.6 代印刷 OLED 生产线项目（t8 项目）。项 目预计总投资约 295 亿元，月产能为 2.25 万片 2290mm×2620mm 玻璃基板。项目 规划建设周期为 24 个月，预计 2025 年 11 月开工。 盈利预测与投资建议 ⚫ 我们预测公司 2025-2027 年每股净资产分别为 2.95/3.20/3.77 元（原 25-27 年预测为 3.27/3.53/4.15 元，主要因增发调整了股本数，以及调整了部分损益项）。根据可比 公司 25 年平均 1.92 倍 PB 估值水平，对应目标价 5.66 元，维持买入评级。 风险提示 ⚫ 面板需求增长不及预期，公司产能爬坡不及预期，光伏行业需求不及预期。 | 韩潇锐 | 021-63326320 | | --- | --- | | | hanxiaorui@orientsec.com.cn 执业证书编号：S0860523080004 | | 蒯剑 | 021-63326320 | | | kuaijian@orientsec.c ...

证券代码：000100 证券简称：TCL 科技 公告编号：2025-084 TCL 科技集团股份有限公司 2025 年第四次临时股东大会决议公告 TCL 科技集团股份有限公司及董事会全体成员保证公告内容的真实、准确 和完整，没有虚假记载、误导性陈述或者重大遗漏。 一、重要提示 本次会议召开期间无提案的增加、否决或变更。 二、会议召开的情况 1、现场会议召开时间：2025 年 9 月 15 日（星期一）下午 14:30； 2、网络投票时间：通过深圳证券交易所交易系统进行网络投票的具体时间为 2025 年 9 月 15 日（星期一）上午 9:15-9:25、9:30-11:30，下午 1:00-3:00；通过深圳证券交易所互 联网投票系统进行网络投票的具体时间为 2025 年 9 月 15 日（星期一）上午 9:15 至 2025 年 9 月 15 日（星期一）下午 3:00 的任意时间； 3、现场会议召开地点：深圳市南山区中山园路 1001 号 TCL 科学园国际 E 城 G1 栋 2 楼 202 会议室； 4、召开方式：现场投票与网络投票相结合的方式； 5、召集人：TCL 科技集团股份有限公司董事会； 6、主 ...

Group 1: Industry Transformation - The global consumer electronics industry is undergoing a profound transformation driven by artificial intelligence (AI) and green technology, with a new landscape dominated by brands from China, the US, and South Korea [1][11] - The IFA 2025 and CES 2025 exhibitions highlighted that AI technology and sustainable development are the core competitive focuses for global consumer electronics brands [1] Group 2: Rise of Chinese Brands - The most significant change in the global consumer electronics landscape by 2025 is the collective rise of Chinese brands, with Huawei and Midea ranking in the top ten of the Brand Finance's global electronics brand value list [3] - Huawei's brand value reached $31.921 billion, growing by 2.7% year-on-year, and it has a 25% market share in the high-end European market [3] Group 3: Display Technology Competition - High-end display technology is becoming the most competitive arena, with various technological routes driving the industry into a critical phase of experience upgrades [4] - Hisense has achieved large-scale production of RGB-Mini LED TVs, setting a benchmark in the high-end display market with its U7S Pro series [4] Group 4: AI Integration - AI has fully integrated into consumer electronics, evolving from an additional feature to the core driving force of products [5] - Xiaomi's strategy covers over 1 billion connected devices globally, with a 52.6% year-on-year increase in Bluetooth earphone shipments in the first half of 2025 [5] Group 5: Green Technology Innovation - Green low-carbon technology has become a new battlefield for consumer electronics brands, with unprecedented emphasis on sustainable development at IFA 2025 [6] - Midea's AI ECO smart energy-saving solution achieves a 30% energy-saving effect, while TCL's ECORA™ technology promotes low-carbonization throughout the product lifecycle [6] Group 6: Global Brand Value Rankings - According to Brand Finance's 2025 global electronics brand value rankings, Apple, Samsung, and Huawei lead the market, with Apple valued at $574.51 billion, growing by 11.2% [7] - Midea's brand value is $8.723 billion, maintaining its position in the global top ten despite a slight decline [7] Group 7: Emerging Product Categories - 2025 is marked as the year of AI smart glasses, with projected sales reaching 55 million units by 2029 [8] - The CES 2025 showcased various AI companion robots, indicating a growing trend in this emerging category [9] Group 8: Technological Innovation Trends - The global consumer electronics industry is forming a tri-polar structure dominated by the US (Apple/NVIDIA), South Korea (Samsung), and China (Huawei/Xiaomi/Lenovo), with seven out of the top ten brands from these regions [10] - Chinese brands are breaking monopolies in fields like chips and robotics, with DJI holding over 70% of the global drone market [10]