TCL TECH.(SZ:000100) Ge Long Hui·2025-07-18 10:26Core Viewpoint - TCL Technology has initiated a share buyback program, demonstrating confidence in its future development and commitment to enhancing shareholder value [1][2] Group 1: Share Buyback - On July 18, TCL Technology announced the completion of its first share buyback for 2025, with a total transaction amount of approximately 250 million yuan [1] - The company plans to repurchase shares totaling no less than 700 million yuan and no more than 800 million yuan [1] - The buyback involved the repurchase of 55,498,400 shares, accounting for about 0.28% of the company's total share capital [1] Group 2: Financial Performance Forecast - TCL Technology expects to achieve operating revenue between 82.6 billion yuan and 90.6 billion yuan for the first half of 2025, representing a year-on-year growth of 3% to 13% [1] - The forecasted net profit attributable to shareholders is between 1.8 billion yuan and 2 billion yuan, indicating a significant year-on-year increase of 81% to 101% [1] - The company anticipates a non-recurring net profit of 1.5 billion yuan to 1.65 billion yuan, reflecting a growth of 168% to 195% compared to the previous year [1] - The semiconductor display business is expected to perform particularly well, with a projected net profit exceeding 4.6 billion yuan, a year-on-year increase of over 70% [1] Group 3: Strategic Acquisitions - In the first half of the year, TCL Technology completed the acquisition of 100% equity in LG Display (China) and LG Display (Guangzhou), as well as a 21.5311% stake in Shenzhen Huaxing Semiconductor [2] - These acquisitions are expected to enhance TCL Technology's competitiveness in the panel business and significantly contribute to the growth of net profit attributable to shareholders [2]