Core Viewpoint - TCL is committed to increasing investment in AI technology to drive innovation across the entire value chain, including research and development, manufacturing, supply chain, and operations, aiming for significant value realization by 2025 [1][3]. Group 1: AI Application and Impact - The theme of the 2025 TCL Global Technology Innovation Conference is "AI for Real," focusing on how AI can be applied in real-world scenarios to enhance efficiency and redefine various aspects of life, such as travel, health, and entertainment [3][4]. - TCL announced the launch of ten AI application scenarios and a global AI talent recruitment plan, projecting to create comprehensive benefits exceeding 1 billion yuan by 2025 through the implementation of AI applications [3][4]. - The "X-Intelligence 3.0" model, launched by TCL Huaxing, is the first domain-specific large model in the display field with strong reasoning capabilities, expected to penetrate more core areas of production and R&D, serving as a benchmark for intelligent transformation in China's manufacturing industry [4][5]. Group 2: AI in Manufacturing - In the manufacturing sector, TCL integrates AI into semiconductor display and new energy photovoltaic industries, enhancing quality and efficiency, which in turn improves the core value of consumer products [5][6]. - The ADC (Auto Defect Classification) technology implemented by TCL Huaxing has improved defect detection accuracy from 85% to 95%, with plans to upgrade to ADR (Auto Defect Repair) for automated defect repair processes [5][7]. - The "X-Intelligence" model ranks 11th globally in industrial large models and first in the display field, enhancing product development efficiency by 20% and material development efficiency by 30% [7]. Group 3: AI in New Energy Photovoltaics - TCL Zhonghuan utilizes the Deep Blue AI model for automated single crystal growth and digital twin analysis, achieving remote operation of up to 384 furnaces [8][10]. - The company has successfully implemented large-scale applications of G12-sized silicon wafers and has established product layouts across various technological routes, contributing to global energy structure transformation [10]. Group 4: AI in Consumer Products - TCL leverages AI to redefine consumer experiences in various scenarios, including travel, health, and entertainment, ensuring products return to their fundamental principles [11][13]. - The AI/AR glasses developed by TCL serve as personal AI assistants, while smart home appliances like the TCL air conditioner and refrigerator utilize AI for enhanced health and energy efficiency [11][12]. - The TCL AiMe robot represents a significant advancement in AI companionship, offering emotional support and interactive experiences for users [13].

Performance Forecast - The company expects revenue for the first half of 2025 to be between 82.6 billion and 90.6 billion yuan, representing a growth of 3% to 13% compared to 80.224 billion yuan in the same period last year [1] - The net profit attributable to shareholders is projected to be between 1.8 billion and 2 billion yuan, showing an increase of 81% to 101% from 995 million yuan in the previous year [1] - The net profit after deducting non-recurring gains and losses is estimated to be between 1.5 billion and 1.65 billion yuan, a significant rise of 168% to 195% from 559 million yuan last year [1] - Basic earnings per share are expected to be between 0.0969 yuan and 0.1077 yuan, compared to 0.0535 yuan in the same period last year [1] Business Segments - The semiconductor display business is anticipated to achieve a net profit exceeding 4.6 billion yuan in the first half of 2025, with a year-on-year growth of over 70% [1] - The large-size display sector is benefiting from an optimized supply-side structure and stable product prices, leading to increased demand [1] - The mid-size segment is seeing significant growth in IT product sales and revenue, with continuous improvement in profitability [1] - The small-size OLED business is successfully implementing a high-end strategy, supplying differentiated products to major clients [1] Strategic Developments - The company is enhancing its display business layout and product structure to consolidate competitive advantages and improve profitability [1] - The acquisition of a 21.5311% stake in Shenzhen Huaxing Optoelectronic Semiconductor Technology Co., Ltd. was completed on July 1, 2025, further strengthening the company's competitive position [1] - TCL Zhonghuan is facing challenges due to price declines and inventory impairments, with an expected net loss of 1.2 billion to 1.35 billion yuan for the first half of 2025 [1] - Despite challenges, TCL Zhonghuan is focused on strategic implementation, operational improvements, cost control, and organizational changes to maintain positive operating cash flow [1]