TCL Technology (000100) investor relations material

Executive summary

• Operating revenue for Q3 2025 reached RMB 50.38 billion, up 17.71% year-over-year, with year-to-date revenue at RMB 135.94 billion, a 10.5% increase year-over-year.

• Net profit attributable to shareholders for Q3 was RMB 1.16 billion, up 119.44% year-over-year, and RMB 3.05 billion for the first three quarters, up 99.75% year-over-year.

• Operating cash flow for the first three quarters was RMB 33.84 billion, a 53.8% increase year-over-year.

• The asset-liability ratio rose to 67.6%, up 2.7 percentage points from the start of the year, mainly due to new investments and the acquisition of a minority stake in CSOT G11.

Financial highlights

• Basic earnings per share for Q3 was RMB 0.0590, up 106.29% year-over-year; year-to-date was RMB 0.1604, up 95.37%.

• Weighted average return on equity increased by 1.14 percentage points year-over-year in Q3 and by 2.81 percentage points year-to-date.

• Total assets as of September 30, 2025, were RMB 381.65 billion, up 0.90% from December 31, 2024.

• Owner's equity attributable to shareholders rose 14.60% to RMB 60.93 billion.

• Non-recurring gains and losses contributed RMB 293 million in Q3 and RMB 618 million year-to-date.

Outlook and guidance

• The company will continue to focus on advanced manufacturing, displays, new energy photovoltaics, and silicon materials to drive sustainable growth.

• Plans to manage the asset-liability ratio through improved efficiency and balanced equity and debt financing.

• Ongoing globalization strategy with expansion in India, Vietnam, the Philippines, and the Middle East.