TCL Technology Corp (.SZ)_ What’s New from Citi China Tech and Telecom Day – 10bn a Conservative Guidance; Tightness Likely in 2026
China Securities·2025-01-16 07:53
Flash | 12 Jan 2025 15:34:03 ET │ 10 pages TCL Technology Corp (000100.SZ) What's New from Citi China Tech and Telecom Day – 10bn a Conservative Guidance; Tightness Likely in 2026 CITI'S TAKE TCL Tech joined Citi China Tech and Telecom Day on 10 Jan. Key takeaways include: (1) Co. revises up CSOT 2024 net profits to c. Rmb6bn and believes Rmb8-10bn 2025 NP guidance is conservative. (2) D&A will go up by Rmb1-2bn in 2025 , but will start to decrease from 2026 with pace of Rmb2bn every year. (3) Channel inven ...