TZE(SZ:002129) Ge Long Hui A P P·2025-09-28 08:06Core Insights - TCL Zhonghuan's net profit attributable to shareholders for H1 2025 is projected to be -4.242 billion yuan, a year-on-year decrease of 38.48% [1] - The company's Q2 net profit attributable to shareholders is expected to be -2.336 billion yuan, indicating an expanded loss compared to Q1 [1] - The global strategy continues to advance, with the Philippines base designated as the global production base for BC batteries and components [1] Financial Performance - The semiconductor silicon wafer business is expected to achieve revenue of approximately 2.74 billion yuan in H1 2025, reflecting a year-on-year growth of 38.2% [1] - The growth in revenue is primarily driven by increased shipments of 12-inch products and a shift towards higher-end product structures [1] - Forecasted net profits for 2025-2027 are -5.309 billion yuan, 0.514 billion yuan, and 2.459 billion yuan, representing year-on-year changes of 45.9%, 109.7%, and 378.9% respectively [1] Earnings Per Share (EPS) Projections - Corresponding EPS for the years 2025, 2026, and 2027 are projected to be -1.31 yuan, 0.13 yuan, and 0.61 yuan respectively [1] - The company maintains a "buy" rating despite the projected losses [1]