TCL Technology recently released its 2025 semi-annual report, showing operating revenue reaching 85.56 billion yuan, a year-on-year increase of 6.65%, and net profit attributable to parent company shareholders reaching 1.883 billion yuan, a significant year-on-year increase of 89.26%. This impressive performance was primarily driven by the strong performance of its semiconductor display business, with TCL Huaxing achieving revenue of 50.43 billion yuan and net profit of 4.32 billion yuan, a year-on-year increase of 74%. As a leading global semiconductor display company, TCL Huaxing has invested over 280 billion yuan and owns 11 high-generation panel production lines and five module factories. In the first half of 2025, it held the second-largest global market share in TV panel shipments.
In terms of business development, TCL Technology further consolidated its competitiveness in the small and medium-sized LCD market through the acquisition of LG Display China and its Guangzhou branch (integrated into the T11 production line) and the completion of the second phase of the Guangzhou T9 project. During the reporting period, sales of monitors, notebook computers, and automotive products all achieved double-digit growth, with mobile phone sales increasing by 51% year-on-year. Meanwhile, the company's OLED business continues to expand. Its T4 fab ranks fourth globally in flexible OLED smartphone shipments, and it maintains a top-three position in the foldable device market. The newly commissioned T12 printed OLED production line is gradually increasing its capacity to 9,000 units per month, laying the foundation for next-generation technological breakthroughs.
In its photovoltaic business, TCL Zhonghuan's revenue increased by 38.2% year-on-year to 2.74 billion yuan. Although overall photovoltaic revenue declined by 28% due to market fluctuations, battery and module revenue increased by 26.2% month-on-month. The company ranks first globally in monocrystalline silicon production capacity and holds a leading market share for G12 silicon wafers. Construction of its overseas wafer fabs is progressing smoothly. Furthermore, the commissioning of its module fab in Vietnam and improved performance at its Indian fab signal an accelerated global expansion. Among its other businesses, Mogia, a leading TV contract manufacturer, achieved revenue of 10.39 billion yuan, maintaining its global lead in contract manufacturing volume. Its display business saw a 28% year-on-year increase.
