Core Insights - JD.com has signed a strategic cooperation agreement with Midea, Haier, Hisense, and TCL for the year 2026, aiming to achieve a total sales target of 180 billion yuan through JD's online and offline channels [1] Group 1 - The strategic partnership involves multiple leading home appliance companies, indicating a collaborative approach to enhance market presence [1] - The sales target of 180 billion yuan reflects a significant commitment to expanding the reach and effectiveness of the involved brands within JD.com's ecosystem [1]

Group 1 - The core point of the article highlights the performance of the Basic Fundamental 120 ETF managed by Harvest Fund Management, which opened at 2.504 yuan with a slight increase of 0.08% [1] - The ETF's performance benchmark is the Shenzhen Basic Fundamental 120 Index, and it has achieved a return of 150.22% since its inception on August 1, 2011, with a recent one-month return of 1.30% [1] Group 2 - Major holdings in the ETF include companies such as CATL, which increased by 0.54%, and Midea Group, which decreased by 0.29% [1] - Other notable stock performances include Gree Electric Appliances down by 0.21%, BOE Technology Group unchanged, Ping An Bank unchanged, Luxshare Precision up by 0.22%, Vanke A up by 0.82%, TCL Technology down by 0.21%, Wuliangye down by 0.13%, and Weichai Power up by 1.62% [1]

Core Viewpoint - The article focuses on the analysis of companies that have reported earnings forecasts for 2025, highlighting those with analyst reports indicating "better than expected" performance based on specific keywords in the report titles [1][34]. Annual Report Forecast Disclosure Situation - As of February 11, 2026, over 2900 A-share companies listed before October 1, 2025, have disclosed their 2025 annual report forecasts [2][35]. - Among different indices, the median year-on-year net profit growth rate for the CSI 300 index constituents is the highest at 50.00% [7][35]. - The cyclical sector shows a relatively high median year-on-year net profit growth rate of 25.56%, while the consumer sector has a low median growth rate of -43.43% [7][35]. - High median year-on-year net profit growth rates are also observed in the non-bank financial, non-ferrous metals, and steel sectors [11][35]. - Hot concept indices with high public fund holdings, such as the optical chip index and optical circuit switch index, have median year-on-year net profit growth rates exceeding 100% [15][35]. - Representative industry-themed ETFs tracking indices like CS new energy vehicles, new energy batteries, and rare earth industries also show high median year-on-year net profit growth rates [18][35]. Annual Report Forecast Performance Exceeding Expectations - The proportion of companies exceeding expectations in the CSI 300 index is the highest at 4.76% [3][36]. - The financial sector has the highest proportion of companies exceeding expectations [3][36]. - In the CITIC first-level industries, the banking and textile sectors have a higher proportion of companies exceeding expectations [26][36]. - Hot concept indices with high public fund holdings, such as the Ningde Times industry chain index, also show a high number of companies exceeding expectations [27][36]. - Among representative industry-themed ETFs, indices like new energy batteries and technology leaders have a higher number of companies exceeding expectations [29][36]. Selected Companies with Exceeding Expectations - Based on the analysis of annual report forecasts and analyst comments, companies such as TCL Technology and Century Huatong are identified as having exceeded expectations for their 2025 annual report forecasts [36][36].

Core Viewpoint - TCL Huaxing Optoelectronics is actively expanding its OLED production capabilities through international equipment tenders, indicating a strategic move to enhance its manufacturing capacity and technology in the OLED sector [1][2][3]. Group 1: Equipment Tenders - On February 6, TCL Huaxing Optoelectronics announced 17 equipment tenders, including 4 inkjet printers, 1 deposition machine, 8 sputtering machines, 17 plasma-enhanced chemical vapor deposition (PECVD) machines, 12 dry etching machines, and 2 ion implanters [1]. - The tenders are part of the international bidding process, with a deadline set for February 27, 2026, for various equipment including scanning electron microscopes and focused ion beams, all located in Guangdong Province [2]. Group 2: Production Plans and Market Position - Compared to the investment plan announced in November 2025, the tender timeline has been slightly delayed, but the roadmap for mass production by the fourth quarter of 2027 remains intact [3]. - TCL Huaxing Optoelectronics plans to build an inkjet printing OLED production line in Guangzhou, based on 8.6-generation glass substrates (2290 mm × 2620 mm), with a monthly capacity of 22,500 sheets and a total investment of 29.5 billion RMB, expected to be completed by October 2027 [3]. - With this move, TCL Huaxing becomes the fourth player in the 8.6-generation OLED market, following Samsung Display, BOE, and Visionox [5].

Core Viewpoint - Guangzhou Industrial Control Group's subsidiary, Guanggang Gas, will supply electronic gases for TCL Huaxing's 8.6-generation printed OLED display panel production line project, known as the "t8 project" [1][2]. Group 1: TCL Huaxing t8 Project - The TCL Huaxing t8 project has a total investment of 29.5 billion yuan and will have a processing capacity of approximately 22,500 glass substrates measuring 2290mm × 2620mm per month upon completion [2]. - The production line utilizes TCL Huaxing's self-developed, cutting-edge 8.6-generation substrate specifications and inkjet printing technology, which is significant for advancing China's semiconductor display industry [2]. Group 2: Role of Electronic Gases - Electronic gases are crucial throughout the manufacturing process of semiconductor display panels, impacting thin film deposition, etching, and packaging, with their purity and stability directly affecting product yield and performance [2]. - Guanggang Gas will provide high-quality, high-purity electronic gas solutions for the t8 project, marking a deepening of the collaboration between Guanggang Gas and TCL Huaxing, which has lasted for 15 years [2]. Group 3: Other Projects in the Industry - Besides TCL Huaxing, projects for gas supply to BOE and Visionox's 8.6-generation OLED production lines are also progressing: - In May 2025, Messer's bulk gas station system project will be established in Hefei High-tech Zone, with a total investment of 340 million yuan, expected to start production in the second half of 2026 [4]. - In June 2025, a gas supply project for BOE's Chengdu 8.6-generation AMOLED production line will commence, with an initial investment of approximately 250 million yuan [4].

Group 1 - The 25th Winter Olympic Games in Milan showcased China's display technology, with products like printed OLED and 8K Micro-LED screens gaining international attention [1][2] - TCL Huaxing's exhibition featured innovative products such as 4K 120Hz printed OLED displays and the world's first printed OLED foldable display, enhancing brand recognition and global customer outreach [1][2] - The 275-inch 8K Micro-LED screen developed by Lehman Optoelectronics was used for live broadcasting at the opening ceremony, highlighting China's advancements in display technology [2] Group 2 - China's display industry is experiencing significant growth, with domestic panel manufacturers accounting for nearly 70% of global shipments from 2023 to 2024, and this figure rising to 72.1% [2][3] - Companies like TCL Huaxing and Tianma Microelectronics are actively investing in Micro-LED technology, while also competing in quantum dot displays and holographic displays, achieving parity with leading international firms [3] - Major Chinese enterprises are expanding globally, with BOE Technology Group's subsidiaries established in multiple countries, enhancing their service capabilities across key global regions [3]

申万宏源证券承销保荐有限责任公司 关于 TCL 科技集团股份有限公司 发行股份及支付现金购买资产并募集配套资金之部分限售 股份解除限售上市流通的核查意见 （一）注册批复情况 申万宏源证券承销保荐有限责任公司（以下简称"申万宏源承销保荐"或"独 立财务顾问"）作为 TCL 科技集团股份有限公司（以下简称"TCL 科技"、"上 市公司"）发行股份及支付现金购买资产并募集配套资金（以下简称"本次交易"） 的独立财务顾问，根据《上市公司重大资产重组管理办法》《深圳证券交易所股 票上市规则》《深圳证券交易所上市公司自律监管指引第 1 号——主板上市公司 规范运作》等有关规定，对上市公司本次交易新增股份部分解除限售并上市流通 的事项进行了审慎核查，并出具核查意见如下： 一、本次解除限售的股份取得的基本情况 本次解除限售股份的上市类型为本次交易募集配套资金之新增限售股份上 市流通。 2025 年 6 月 27 日，上市公司收到中国证券监督管理委员会下发的《关于同 意 TCL 科技集团股份有限公司发行股份购买资产并募集配套资金注册的批复》 （证监许可〔2025〕1326 号），同意上市公司发行股份募集配套资金不超过 4,35 ...

证券代码：000100 证券简称：TCL 科技 公告编号：2026-011 TCL 科技集团股份有限公司 关于发行股份及支付现金购买资产并募集配套资金之部分限售 股份解除限售上市流通的提示性公告 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。 特别提示： 1、本次申请上市流通的限售股份为 TCL 科技集团股份有限公司（以下简称 "公司"）在发行股份及支付现金购买资产并募集配套资金（以下简称"本次交 易"）中向特定对象发行股份募集配套资金新增的股份，本次解除限售的股东共 计 16 名，解除限售的股份数量为 1,035,489,574 股，约占公司目前总股本的 4.9781%。 2、本次申请上市流通的限售股份于 2025 年 8 月 22 日在深圳证券交易所上 市，本次解除限售的 16 名股东发行时承诺的限售期限为新增股份上市之日起 6 个月，本次限售股份上市流通日为 2026 年 2 月 24 日。 一、本次解除限售的股份取得的基本情况 本次解除限售股份的上市类型为本次交易募集配套资金之新增限售股份上 市流通。 （一）注册批复情况 2025 ...

Core Viewpoint - TCL Huaxing showcases its advanced display technology at the "TCL Edelweiss Land" Winter Olympics themed exhibition in Milan, emphasizing its role as a global Olympic partner and its commitment to enhancing the viewing experience through innovative display solutions [1][3][16]. Group 1: Display Technology Innovations - TCL Huaxing presents various XR products aimed at upgrading the viewing and interactive experience during the Winter Olympics, highlighting the event as a premier platform for display technology [5][9]. - Notable products include the Varjo VR with a 3.59-inch display at 1512 PPI and dual 8K screens, and the PICO 4 Ultra with a 2.56-inch display at 1200 PPI, both designed to provide immersive experiences with high resolution and wide field of view [7][9]. Group 2: Green and Low-Power Solutions - In line with the Olympic emphasis on sustainability, TCL Huaxing focuses on low-power display solutions, such as electronic paper displays and ultra-low power art screens, to ensure reliable performance in high-frequency event environments [10][13]. - The ultra-low power 85-inch art screen achieves an impressive energy efficiency rating, consuming only 1 kWh over three days of static display, showcasing TCL Huaxing's commitment to green technology [11][13]. Group 3: Quality and Content Expression - TCL Huaxing is expanding the boundaries of content expression for the Winter Olympics by introducing high-quality display products like the 27-inch 4K 120Hz printed OLED desktop display and the world's first printed OLED foldable portable display [14][16]. - These innovations aim to enhance the visual experience across various applications, from event broadcasting to public displays, ensuring consistent quality and reliability [14][16]. Group 4: Brand Values and Future Vision - The APEX brand by TCL Huaxing integrates values such as pleasant display experiences, visual health, sustainability, and future imagination into real-world applications, setting a standard for quality displays [16]. - As a recognized global partner of the International Olympic Committee, TCL Huaxing aims to leverage technological innovation to further enhance its display solutions across sports, culture, and public spaces [16].

Group 1 - The Winter Olympics in Milan showcases numerous Chinese brands, highlighting China's sports development and cultural confidence [1] - Chinese snow sports equipment is gaining international recognition, with over 70% of carbon fiber ski poles used in competitions coming from Fujian-based company BIER [1] - Chinese companies like Anta, Li Ning, and Peak are prominently featured in the opening ceremony, generating significant social media engagement [1] Group 2 - The manufacturing upgrade is evident, with TCL providing ultra-high-definition screens that perform well in low temperatures, enhancing the viewing experience [2] - Alibaba Cloud, as a global Olympic partner, utilizes powerful computing and AI algorithms to create immersive viewing experiences for audiences [2] - Chinese companies are offering comprehensive, efficient solutions for the Olympics, contributing to innovation and smart development in various sectors [4] Group 3 - BYD's modern showroom in Milan attracts attention, reflecting the growing presence of Chinese electric vehicles in Europe, a key market for the automotive industry [4] - By 2025, China's electric vehicle exports are projected to reach 2.615 million units, indicating a doubling year-on-year and supporting the global automotive industry's green transition [4] - The Winter Olympics serves as a platform for Chinese brands to demonstrate their economic vitality and innovation to the world [4]