TCL Smart Home(SZ:002668)2025-11-11 11:02Sales and Revenue Performance - In Q3 2025, the sales volume of smart refrigerators and freezers was 1.01 million units, a slight decrease of 4.4% year-on-year [2] - Washing machine sales reached 416,000 units, an increase of 1.3% year-on-year [2] - Total revenue for Q3 2025 was 4.869 billion CNY, a decline of 2.3% year-on-year [2] Profitability and Market Strategy - The net profit attributable to shareholders for the first three quarters of 2025 was 977 million CNY, an increase of 18.5% year-on-year [3] - The company is committed to a globalization strategy, actively expanding into markets in the Middle East, Africa, and Latin America, achieving significant results in benchmark markets like the UK, Brazil, and Spain [3] - Product structure optimization has led to a 1.52% increase in gross margin [3] Future Market Expansion - The company plans to continue expanding in non-European markets, with growth in the Asia-Pacific, Latin America, and Middle East regions for the first nine months of 2025 [2] - Future initiatives include launching innovative products to meet diverse consumer needs and increasing brand visibility through international exhibitions and sports marketing [2] Shipping and Cost Management - The company primarily uses sea freight for exports, with costs managed through long-term agreements with shipping companies [3] - In the first nine months of 2025, shipping costs decreased, stabilizing cost pressures [3] Product Innovation - New product launches include the TCL AI Super Drum washing machine with a cleaning ratio of 1.31 and the TCL Ice Qilin refrigerator with advanced preservation technology [4] - The company aims to enhance product competitiveness through continuous R&D investment and product structure optimization [4] Shareholder Returns - As of the end of the reporting period, the company had undistributed profits of 862 million CNY, meeting the conditions for profit distribution [5] - The company is committed to returning value to shareholders in accordance with relevant laws and regulations [5] Business Focus - The company will continue to focus on its core business of refrigerators, freezers, and washing machines, enhancing its technological advantages in key industry segments [5]