TCL TECH.(SZ:000100) Zhong Guo Jin Rong Xin Xi Wang·2025-05-31 10:38Group 1 - The ASEAN-China-GCC summit represents a significant breakthrough in regional multilateral cooperation, creating broader market opportunities and collaborative development for global enterprises [1] - The combined population and economic output of China, ASEAN, and GCC countries account for approximately one-quarter of the global total, indicating substantial development potential and scale effects from this trilateral market connectivity [1] - The collaboration framework aims to enhance regional industrial chain integration, addressing challenges such as supply chain restructuring, green transformation, and technological changes [1] Group 2 - The economic relationship between China and ASEAN has deepened, with the recent completion of the upgraded version of the free trade agreement, which includes new chapters on digital economy, green development, and supply chain connectivity [2] - TCL is transitioning from an initial "going out" phase to a "deepening local engagement and mutual benefit" phase, enhancing local manufacturing capabilities and creating jobs and tax revenue in host countries [2] - TCL has expanded its global footprint with 46 R&D centers and 38 manufacturing bases, operating in over 160 countries, and has established a presence in Southeast Asia with investments in Indonesia, Vietnam, and a new subsidiary in Malaysia [2] Group 3 - TCL views Southeast Asia as a crucial manufacturing base, aiming to enhance local smart manufacturing and digitalization by introducing Chinese industrial capabilities and quality suppliers [3] - The company emphasizes the importance of open-mindedness, long-termism, and genuine integration into local communities for sustainable development in a multilateral cooperation framework [3] - Building trust through cultural exchange and community engagement is essential for achieving win-win outcomes in business operations [3]