证券代码：002668 证券简称：TCL 智家 广东 TCL 智慧家电股份有限公司 投资者关系活动记录表 编号：2025-18 公司高度重视研发创新对公司业务的长期驱动。截至 2025 年 6 月， 公司拥有研发人员超 1,000 名，拥有授权专利 2,000 多项。未来公司将继 续加大冰箱、洗衣机业务关键技术领域的资源投入，构建在产业链关键 环节的技术领先壁垒，增强核心业务的领先优势，以科技创新推动公司 | | 分析师会议 特定对象调研 ☐ | | --- | --- | | 投资者关系活 动类别 | 媒体采访 业绩说明会 ☐ ☐ | | | ☐ 新闻发布会 ☐ 路演活动 | | | 现场参观 ☐ | | | 其他 ☐ | | | 招商基金 于立勇、吴潇、王奇玮、姚飞军、苏超、张潇潇、邹成、高岩、 | | | 姜春曦、孙麓深、赵季新、郑若慈、孙燕青、莫凡；银河证券 刘立思、 | | 参与单位名称 | 华富基金 欧阳芷一；国金证券 王刚、融通基金 张文玺、华安合鑫基金 | | 及人员姓名 | 卢慧语、华西基金 张月宁、资瑞兴投资 薛建明、国源信达资本 阳来军、 | | | 格拉汉维尔 何富荣、里思私募 陈柏 ...

Core Viewpoint - TCL Smart Home reported stable growth in performance for the first half of 2025, achieving a revenue of 9.476 billion yuan, a year-on-year increase of 5.74%, and a net profit attributable to shareholders of 638 million yuan, a year-on-year increase of 14.15% [1] Group 1: Financial Performance - In the first half of 2025, TCL Smart Home achieved a revenue of 9.476 billion yuan, representing a year-on-year growth of 5.74% [1] - The net profit attributable to shareholders reached 638 million yuan, marking a year-on-year increase of 14.15%, continuing a trend of positive growth for 16 consecutive quarters [1] - Operating cash flow was 1.371 billion yuan, showing a significant year-on-year increase of 74.48% [1] - The gross margin for the home appliance segment improved by 0.6 percentage points to 23.33% due to strong sales of mid-to-high-end products [1] Group 2: Overseas Business Development - TCL Smart Home's overseas revenue from its own brand grew by 66.18% in the first half of 2025, with regions like Southeast Asia, Latin America, and the Middle East seeing over 70% growth [2] - The company has maintained its position as the top exporter of refrigerators in China for 16 consecutive years and in Europe for 17 years [2] - Overseas market revenue reached 7.247 billion yuan, reflecting a year-on-year increase of 8.99% [2] Group 3: Production Capacity and Strategy - The company reported that its production capacity utilization is at a reasonable level, with plans to enhance capacity through new projects [3] - A new production base in Thailand is expected to add 1.4 million units of refrigerator capacity and 300,000 units of freezer capacity [3] - The company aims to focus on AI smart appliances and global expansion to become a leading player in the smart home appliance sector [3] Group 4: Product Innovation and Competitiveness - TCL Smart Home is focusing on creating standout products, such as the "Ice Kirin" series of deep-freezing refrigerators, which won the AWE 2025 Innovation Award [4] - The company launched the "Big Eye Cute·AI Super Cylinder" washing machine, achieving a wash ratio of over 1.31, enhancing its market position [4] - The introduction of advanced technologies and innovative designs is expected to increase the revenue share of the super cylinder washing machines by over 8 percentage points [4]