TCL Smart Home(SZ:002668) Xin Lang Cai Jing·2025-12-16 07:27Core Viewpoint - TCL Smart Home's stock experienced a decline of 2.39% on December 16, with a trading volume of 107 million yuan and a market capitalization of 11.535 billion yuan [1] Group 1: Business Overview - The company's main business includes the research, production, and sales of household refrigerators, freezers, and washing machines [3] - TCL has maintained the highest export volume of refrigerators in China for 14 consecutive years, serving over 130 countries and regions, including those along the Belt and Road Initiative [3] - As of the 2024 annual report, overseas revenue accounted for 73.50% of total revenue, benefiting from the depreciation of the RMB [4] Group 2: Financial Performance - For the period from January to September 2025, TCL achieved operating revenue of 14.346 billion yuan, representing a year-on-year growth of 2.87%, and a net profit attributable to shareholders of 977 million yuan, up 18.45% year-on-year [8] - The company has distributed a total of 224 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [9] Group 3: Market Dynamics - The company is involved in various sectors, including cross-border e-commerce, artificial intelligence, and the Belt and Road Initiative [2][8] - As of September 30, 2025, the number of shareholders was 36,200, a decrease of 2.23% from the previous period, while the average circulating shares per person increased by 2.28% to 29,971 shares [8][10] Group 4: Technical Analysis - The average trading cost of the stock is 10.58 yuan, with the current price approaching a resistance level of 10.73 yuan, indicating potential for a price correction if this level is not surpassed [7]