TCL科技:2025上半年归母净利润同比上涨89.3%至18.8亿元

Core Insights - TCL Technology Group reported a revenue of 85.6 billion yuan for the first half of 2025, representing a year-on-year growth of 6.7% [1] - The net profit attributable to shareholders reached 1.88 billion yuan, showing a significant increase of 89.3% compared to the previous year [1] - Operating cash flow improved to 27.3 billion yuan, marking a 115.9% year-on-year increase [1] Semiconductor Display Business - TCL's subsidiary, TCL Huaxing, achieved a revenue of 50.43 billion yuan, with a year-on-year growth of 14.4% [1] - The net profit for TCL Huaxing was 4.32 billion yuan, up 74% year-on-year, while the net profit attributable to TCL Technology shareholders increased by 51% to 2.63 billion yuan [1] - The company maintained a competitive advantage in the large-size product market, achieving a market share of 24%, an increase of 4 percentage points year-on-year [1] OLED Business - The OLED segment continued to grow, with product sales increasing by 8.7% year-on-year, supported by the T4 factory in Wuhan [1] - TCL ranked fourth globally in flexible OLED smartphone shipments and maintained a top-three position in foldable product shipments [1] Acquisitions and Strategic Moves - The company completed the acquisition of LGD's Guangzhou panel and module factory, which is expected to enhance operational performance starting from Q2 [2] - The acquisition of a 21.53% stake in Shenzhen Huaxing Semiconductor has been finalized, which will contribute positively to net profit [2] Other Business Segments - The semiconductor silicon wafer business achieved a revenue of 2.74 billion yuan, reflecting a year-on-year increase of 38.2% [2] - The photovoltaic business under TCL Zhonghuan generated a revenue of 9.87 billion yuan during the same period [2] - The TV OEM business, Maojia Technology, reported a revenue of 10.39 billion yuan, growing by 16% year-on-year, maintaining its position as the global leader in TV OEM sales [2]