TCL doubles net profit in H1 2026

TCL Technology Group said its net profit attributable to shareholders more than doubled in the first half, as its display business strengthened and the company moved into new AI-related growth areas.

At an investor open day recently held in Shenzhen, the company said its first-half revenue rose 3.6 percent year-on-year to 88.6 billion yuan ($13.2 billion). Net profit increased by 2.21 billion yuan to 2.24 billion yuan, while net profit attributable to shareholders surged 102 percent to 3.81 billion yuan.

TCL Technology's core businesses cover semiconductor displays, new-energy photovoltaics and semiconductor materials. Its display arm, TCL CSOT, reported revenue of 50.27 billion yuan in the first half, while net profit attributable to shareholders rose 24 percent to 3.28 billion yuan.

The company said earnings from its liquid crystal display business continued to improve, while printed organic light-emitting diode technology made progress in product performance, mass production and market acceptance. TCL CSOT is also exploring optical communications, glass-based advanced packaging and perovskite technologies, which could create opportunities linked to AI infrastructure.

TCL Zhonghuan, which focuses on photovoltaic silicon wafers, cells and modules, as well as semiconductor materials, posted first-half revenue of 14.31 billion yuan, up 6.8 percent year-on-year. Its net loss attributable to shareholders narrowed 24.5 percent to 3.2 billion yuan.

Revenue from its photovoltaic business increased 6 percent to 11.27 billion yuan. Module shipments rose 29 percent, while module sales climbed 47 percent. Overseas business generated 25 percent of revenue, and high-efficiency products, including back-contact and half-cut products, accounted for more than 15 percent of shipments.

The company said it plans to use back-contact products, a more integrated solar supply chain and overseas expansion to improve earnings. Notably, its semiconductor materials business has recorded annual revenue growth of more than 25 percent during the past five years and is increasing the share of 12-inch wafers in its product mix.

lijiaying@chinadaily.com.cn