Core Viewpoint - TCL Technology held a performance briefing for Q3 2025 on October 31, highlighting significant growth in various business segments driven by the T9 production line and product optimization [1] Group 1: Business Performance - The T9 production line's capacity ramp-up and product structure optimization have greatly enhanced the company's overall competitiveness [1] - In the IT sector, MNT sales increased by 10% year-on-year, maintaining a leading position in the esports market [1] - Notebook (NB) sales surged by 63% year-on-year, indicating strong growth momentum [1] Group 2: Market Share and Rankings - In the mobile terminal sector, LCD smartphone shipments rose by 28% year-on-year, with market share increasing by 4 percentage points to 14% [1] - The tablet market share reached 13%, up by 6 percentage points year-on-year, with the global ranking improving from fifth to second [1] - The automotive display segment saw a 47% year-on-year increase in shipment area, with market share rising by 3 percentage points to 11% [1] Group 3: Future Outlook - The T9 production line is expected to continue contributing positively to the company's performance, with anticipated improvements in profitability driven by product structure optimization and operational efficiency [1]

Core Insights - TCL Technology reported a significant increase in revenue and net profit for the first three quarters of 2025, with total revenue reaching 135.9 billion yuan, a year-on-year growth of 10.5%, and net profit attributable to shareholders at 3.05 billion yuan, up 99.8% [1] - The company achieved a net profit of 1.16 billion yuan in Q3 alone, reflecting a quarter-on-quarter increase of 33.6% and a year-on-year increase of 119% [1] Business Performance - The display business showed a strong recovery, with TCL Huaxing achieving a revenue of 78.01 billion yuan in the first three quarters, a year-on-year increase of 17.5%, and a net profit of 6.1 billion yuan, up 53.5% [2] - The market share for large-size displays increased by 5 percentage points to 25%, while the small-size business experienced explosive growth, with notebook panel sales soaring by 63% and mobile terminal LCD shipments rising by 28% [2] Technological Advancements - The company is advancing in cutting-edge display technologies, with the G5.5 production line capacity increasing from 3K/month to 9K/month, and plans for mass production of Micro LED by the end of the year [3] - The launch of the world's first high-generation printed OLED production line marks a significant milestone for TCL in the global display technology landscape [3] Solar Business Development - The solar business showed improvement, with sales revenue reaching 16.01 billion yuan in the first three quarters, reflecting a 22% quarter-on-quarter improvement [4] - The company is focusing on high-efficiency and high-value-added products, with non-silicon costs decreasing by over 40% since the beginning of the year [4] Other Business Segments - The company’s other business segments also performed well, with Maojia Technology, the largest TV OEM globally, achieving revenue of 16.86 billion yuan, a year-on-year increase of 10% [5] - The display OEM business grew rapidly, with shipment volume increasing by 21% and market share rising to 8.2% [5] Market Outlook - In the fourth quarter, panel prices are expected to stabilize due to upcoming sports events, and the "anti-involution" policy is anticipated to further boost the solar industry, leading to enhanced profitability across TCL's main businesses [6]