StockCode:000100StockAbbr.:TCLTECH.AnnouncementNo.:2025-091
TCL科技集团股份有限公司
TCLTechnologyGroupCorporation
ThirdQuarter2025Report
October2025
Content
SectionIImportantNoticesandDefinitions ...... 3
SectionIIKeyFinancialInformation ...... 5
SectionIIIManagementDiscussionandAnalysis ...... 7
SectionIVShareholderInformation ...... 13
SectionVOtherSignificantEvents ...... 15
SectionVIQuarterlyFinancialStatements ...... 16
SectionIImportantNoticesandDefinitions
TheBoardofDirectors(orthe“Board”),thedirectors,andseniormanagementofTCLTechnologyGroupCorporation(hereinafterreferredtoasthe“Company”)herebyguaranteethatthisquarterlyreportisfactual,accurate,andcomplete,andshallbejointlyandseverallyliableforanymisrepresentations,misleadingstatements,ormaterialomissionstherein.
Mr.LiDongsheng,theperson-in-chargeoftheCompany,Ms.LiJian,theperson-in-chargeoffinancialaffairs(ChiefFinancialOfficer),andMs.JingChunmei,theperson-in-chargeofthefinancialdepartment,herebyguaranteethatthefinancialstatementsinthisReportarefactual,accurate,andcomplete.
AlloftheCompany’sdirectorsattendedtheBoardmeetingforthereviewofthisThirdQuarter2025Report.
Thefutureplans,developmentstrategiesorotherforward-lookingstatementsmentionedinthisReportshallNOTbeconsideredaspromisesoftheCompanytoinvestors.Therefore,investorsarekindlyremindedtopayattentiontopossibleinvestmentrisks.
ThisReporthasnotbeenaudited.ThisReporthasbeenpreparedinbothChineseandEnglish.Shouldtherebeanydiscrepanciesormisunderstandingsbetweenthetwoversions,theChineseversionshallprevail.
Definitions
| Term | Refersto | Definition |
| The“Company”,the“Group”,“TCLTECH.”,or“we” | Refersto | TCLTechnologyGroupCorporation |
| ReportingPeriod,Q32025 | Refersto | TheperiodfromJuly1,2025toSeptember30,2025. |
| TCLCSOT | Refersto | TCLChinaStarOptoelectronicsTechnologyCo.,Ltd. |
| TZE | Refersto | TCLZhonghuanRenewableEnergyTechnologyCo.,Ltd.,amajority-ownedsubsidiaryoftheCompanylistedontheShenzhenStockExchange(stockcode:002129.SZ) |
| ZhonghuanAdvanced | Refersto | ZhonghuanAdvancedBandaotiTechnologyCo.,Ltd. |
| MokaTechnology | Refersto | MokaInternationalLimited |
| TPC | Refersto | TianjinPrintronicsCircuitCorp.,amajority-ownedsubsidiaryoftheCompanylistedontheShenzhenStockExchange(stockcode:002134.SZ) |
| Highly | Refersto | HighlyInformationIndustryCo.,Ltd.,aholdingsubsidiaryoftheCompanylistedontheNationalEquitiesExchangeandQuotations |
| t1 | Refersto | Thegeneration8.5(orG8.5)TFT-LCDproductionlineatTCLCSOT |
| t2 | Refersto | Thegeneration8.5(orG8.5)TFT-LCD(oxide)productionlineatTCLCSOT |
| t3 | Refersto | Thegeneration6(orG6)LTPS-LCDpanelproductionlineatWuhanCSOT |
| t4 | Refersto | Thegeneration6(orG6)flexibleLTPS-AMOLEDpanelproductionlineatWuhanCSOT |
| t5 | Refersto | Thegeneration6(orG6)newdisplayproductionlineatWuhanCSOT |
| t6 | Refersto | Thegeneration11(orG11)newTFT-LCDdisplayproductionlineatShenzhenCSOT |
| t7 | Refersto | Thegeneration11(orG11)newultrahighdefinitiondisplayproductionlineatShenzhenCSOT |
| t8 | Refersto | Thegeneration8.6(orG8.6)printedOLEDproductionlineatTCLCSOT |
| t9 | Refersto | Thegeneration8.6(orG8.6)newoxidedisplayproductionlineatGuangzhouCSOT |
| t10 | Refersto | Thegeneration8.5(orG8.5)TFT-LCDproductionlineatSuzhouCSOT |
| t11 | Refersto | Thegeneration8.5(orG8.5)TFT-LCDproductionlineatGuangzhouCSOT |
| t12 | Refersto | Thegeneration5.5(orG5.5)printedOLEDproductionlineatWuhanCSOT |
| RMB | Refersto | Renminbi |
SectionIIKeyFinancialInformation(I)Keyaccountingdataandfinancialindicators
Indicatewhetherthereisanyretrospectivelyadjustedorrestateddatuminthetablebelow
□Yes?No
| Q32025 | Change | Fromthebeginningoftheyeartotheendofthereportingperiod | Change | |
| Operatingrevenue(RMB) | 50,383,422,256 | 17.71% | 135,943,426,753 | 10.50% |
| Netprofitsattributabletothecompany’sshareholders(RMB) | 1,163,292,951 | 119.44% | 3,046,792,403 | 99.75% |
| Netprofitsattributabletothecompany'sshareholdersafternon-recurringgainsandlosses(RMB) | 870,128,672 | 412.11% | 2,428,864,120 | 233.33% |
| Netcashgeneratedfromoperatingactivities(RMB) | — | — | 33,836,602,144 | 53.80% |
| Basicearningspershare(RMB/share) | 0.0590 | 106.29% | 0.1604 | 95.37% |
| Dilutedearningspershare(RMB/share) | 0.0581 | 106.03% | 0.1584 | 95.07% |
| Weightedaveragereturnonequity(%) | 2.14% | Increaseby1.14percentagepointsYoY | 5.68% | Increaseby2.81percentagepointsYoY |
| September30,2025 | December31,2024 | Change | ||
| Totalassets(RMB) | 381,651,399,603 | 378,251,915,923 | 0.90% | |
| Owner’sequityattributabletothecompany’sshareholders(RMB) | 60,929,764,443 | 53,167,609,357 | 14.60% | |
(II)Non-recurringprofitandlossitemsandamount
?Applicable□Notapplicable
Unit:RMB
| Item | AmountintheReportingPeriod | AmountfromthebeginningoftheyeartotheendoftheReportingPeriod |
| Gainsandlossesondisposalofnon-currentassets(inclusiveofimpairmentallowancewrite-offs) | 54,932,331 | 34,871,106 |
| Publicgrantschargedtocurrentgainsandlosses(exceptforpublicgrantsthatarecloselyrelatedtotheCompany'sdailyoperations,complywithnationalpolicies,aregrantedbasedondeterminedstandards,andhaveacontinuousimpactontheCompany'sgainsandlosses) | 392,850,914 | 1,026,066,039 |
| Theprofitsorlossesgeneratedfromchangesinfairvaluearisingfromfinancialassetsandfinancialliabilitiesheldbynon-financialenterprisesandtheprofitsorlossesfromthedisposalofsuchfinancialassetsandfinancialliabilities,exceptfortheeffectivehedgingbusinessrelatedtothecompany’snormalbusinessoperations | -324,671 | 18,121,040 |
| Reversalofprovisionforimpairmentofreceivablesthathavebeenindividuallytestedforimpairment | - | 27,615,955 |
| Non-operatingincomeandexpensesotherthantheabove | 107,857,362 | 234,747,572 |
| Less:Amountaffectedbyincometax | 59,626,561 | 144,380,375 |
| Amountaffectedbyequityofminorityshareholders(netoftax) | 202,525,096 | 579,113,054 |
| Total | 293,164,279 | 617,928,283 |
Detailsofotherprofitandlossitemsthatmeetthedefinitionofnon-recurringprofitsandlosses:
□Applicable?NotapplicableTheCompanyhasnootherprofitandlossitemsthatmeetthedefinitionofnon-recurringprofitsandlosses.Notesonnon-recurringprofitandlossitemsthatarelistedintheExplanatoryAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic—Non-RecurringGain/LossshallbeusedtodefineRecurringGain/Lossitems
□Applicable?NotapplicableTheCompanydoesnothaveanynon-recurringprofitandlossitemslistedintheExplanatoryAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic—Non-RecurringGain/Lossthataredefinedasrecurringprofitandlossitems.
(III)Changesofkeyaccountingdataandfinancialindicatorsandreasonstherefor
?Applicable□Notapplicable
| BalanceSheetitems | Endingbalance | Beginningbalance | Increase/decreaseratio(%) | Reasonforchange |
| Held-for-tradingfinancialassets | 24,345,975,511 | 16,560,971,113 | 47.0 | Mainlyduetotheincreaseinlow-riskwealthmanagementinvestments |
| Capitalreserves | 14,897,640,925 | 10,553,081,163 | 41.2 | Mainlyduetotheshareissuance |
| CashFlowStatementitems | Currentbalance | Priorbalance | Increase/decreaseratio(%) | Reasonforchange |
| Netcashgeneratedfromoperatingactivities | 33,836,602,144 | 22,000,714,536 | 53.8 | Mainlyduetotheincreaseinproceedsfromthesaleofcommoditiesandrenderingofservices |
SectionIIIManagementDiscussionandAnalysis
I.OverallOperatingPerformanceoftheCompanyDuringtheReportingPeriod
Sincethebeginningoftheyear,globaleconomicandtradeuncertaintieshavenotonlypersistedbutintensified,amidarapidreshapingoftheinternationallandscapeandafundamentaloverhaulofglobalizationrules.Theintertwiningtrendsofanti-globalization,regionalization,andlocalizationusheredChina'smanufacturingsectorintoanewphase,presentingbothopportunitiesandchallenges.Inthefaceofexternalchallenges,theCompanyaffirmeditsleadershipstrategy,andfocusedonadvancedmanufacturingcenteredarounddisplays,newenergyphotovoltaics,andothersiliconmaterials,withaviewtoimprovingoperationalresilienceandpromotinghigh-qualityandsustainablegrowth.
Inthefirstthreequartersof2025,theCompanyrealizedRMB135.9billioninoperatingrevenue,representinga10.5%increaseYoY.NetprofitattributabletoshareholdersreachedRMB
3.05billion,surging99.8%YoY,whileoperatingcashflowgrew53.8%YoYtoRMB33.84billion.Specifically,thenetprofitattributabletoshareholdersofthelistedcompanyinthethirdquarterwasRMB1.16billion,anincreaseof33.6%QoQ.AsoftheendoftheReportingPeriod,theCompany’sasset-liabilityratiowas67.6%,anincreaseof2.7percentagepointsfromthebeginningoftheyear.Thisincreasewasprimarilyduetosignificantnewinvestmentsmadeduringtheyear,thesubstantialacquisitionoftheminoritystakeinCSOTG11linefromtheShenzhenpublicfund,andlossesinthephotovoltaicbusiness.TheCompanywillmanageitsasset-liabilityratiowithinareasonablerangebyenhancingoperatingefficiencyandsecuringappropriateequityanddebtfinancing,allwhileprovidingrobustsupportforitsbusinessgrowth.II.OperatingPerformanceoftheCompany’sCoreBusinessesDuringtheReportingPeriod
TheCompanyhonedinadvancedmanufacturing,withdisplays,newenergyphotovoltaics,andothersiliconmaterialsatitscore,andwascommittedtoachievingthestrategicgoalofgloballeadership.(I)DisplayBusiness
Thethirdquarterwitnessedacontinuedimprovementintheglobalpanelmarket,buoyedbyrecoveringdemandandstabilizingprices,signalinganindustry-widerecovery.Onthedemandside,
multipleapplicationsegmentsexperiencedsynchronizedgrowth.TVbrandsactivelybuiltupinventoryforyear-endpromotions,drivingarecoveryindemandforlarge-sizedpanels.Thenotebookmarketsawsustainedpositivemomentum,supportedbydomestic"old-for-new"subsidypoliciesandthereplacementcycleoverseas.Meanwhile,steadygrowthinglobalautomobilesalesprovidedsolidsupportforin-cardisplaydemand.Onthesupplyside,theindustrychainmaintainedastrategyofproductionbasedondemand,whichpreciselycalibratedoutputtomarketneeds.Thisdisciplinepreservedadynamicsupply-demandequilibriumandlaidasolidfoundationforthesector'slong-termsustainability.Forthefirstthreequarters,TCLCSOTachievedcumulativeoperatingrevenueofRMB78.01billion,anincreaseof17.5%YoY;netprofitwasRMB6.1billion,up53.5%YoY;andnetprofitattributabletoshareholdersofTCLTECH.wasRMB3.9billion,anincreaseof41.9%YoY.Capitalizingonitsscaleandcostleadership,theCompanyharnessedtheindustryrecoverytodrivesuperioroperationalandfinancialoutcomes—throughproductmixoptimization,deeperbusinessintegration,andoperationalrefinement—significantlyboostingearningsandcementingitsglobalcompetitiveedgeinthedisplayindustry.
TheCompany'scorebusinessesachievedmajorbreakthroughsacrossmultiplefronts,demonstratingapositivetrendof“steadyprogressinthelarge-sizedsegment,rapidgrowthinthesmall-andmedium-sizedsegment,andcomprehensiveblossominginemergingareas,”showcasingdevelopmentalresilienceandgrowthpotential.Inthethirdquarter,theCompanymaintaineditscompetitiveedgeinthelarge-sizedsegment(includingTVandcommercialdisplays),withmarketshareincreasingby5percentagepointsyear-on-yearto25%,achievinggloballeadershipincomprehensivecompetitivenessandEBITDAmargin.Thesmall-andmedium-sizeddisplaybusinesshasbecometheCompany'scoregrowthengine,achievingmajorbreakthroughsacrossallsegments:InIT,MNTsalesvolumegrew10%year-over-year,maintainingourleadershipinthegamingmonitorsegment,whileNBsalessurged63%YoY,demonstratingstrongmomentum;inmobileterminals,LCDsmartphonepanelshipmentsincreased28%YoY,withmarketsharerisingby4percentagepointsto14%;intablets,wecaptureda13%marketshare,asignificantincreaseof6percentagepointsYoY,elevatingourglobalrankingfromfifthtosecond;inautomotive,thedisplaypanelshipmentbusinessgrew47%YoY,andourmarketshareexpandedby3percentagepointsto11%andinspecialtydisplays,thisbusinesscontinuesitsrapidgrowth,withwidespread
applicationsinmedical,e-paper,andsmartprojectionfields,establishingitselfasacriticalpillarforourdiversifiedgrowth.Duringthereportingperiod,theCompanymadesteadyprogressinintegratingthet11productionline,achievinggainsinqualityandefficiencythroughoperationalrefinement.Byleveragingsupplychainsynergiesandoptimizingproductionprocesses,t11significantlyreduceditsunitcostcomparedtopre-acquisitionlevels,maintainedhighcapacityutilization,andenhancedbothoperationalefficiencyandprofitability.Meanwhile,t11andthet9linedeepenedtheircollaborativedevelopment,establishingacomplementarybusinessstructurebasedondifferentiatedtechnicalprofilesandmarketfocuses.Inthemonitorsegment,thistranslatestot9targetingthehigh-endmarketwhilet11servesmainstreamdemand,furtherunlockingcapacitysynergies.Meanwhile,theOLEDbusiness(t4,G6line)maintainedstableoperation,withflexibleOLEDsmartphoneshipmentssteadilyrankingfourthglobally.Theproductmixcontinuedtoimprove,withtheproportionofhigh-endmodelshipmentsincreasing.
DuringtheReportingPeriod,TCLCSOTcontinuedtoadvancetheindustrializationprocessintwocutting-edgetechnologies:printedOLEDandMicroLED.TheexistingG5.5printedOLEDproductionline(t12)wassteadilyrampingupitscapacityfrom3Kto9Kpiecespermonth,withbothproductyieldandqualityshowingcontinuousimprovement.Medicaldisplayproductshavebeensteadilyshipped.Inaddition,t12isbeingpromotedtoNBandMNTcustomersandisexpectedtoachievemassproductioninthefirsthalfofnextyear.InlateOctober,theCompanyofficiallycommencedconstructionoftheworld'sfirsthigh-generationprintedOLEDproductionline(t8project).ThisbreakthroughsignalsthatChinesedisplaycompaniesnowhavethepotentialtoleapfrogcompetitorsandachieveleadershipinhigh-generationOLEDtechnology.Thiswillacceleratetheadoptionoftheseadvanceddisplaysinmid-to-high-endmonitors,laptops,andautomotivedashboards,positioningChinaasadominantforceintheglobaldisplaymarket.
TheCompany'skeystrategicpriority,MicroLED(MLED),willenterastageofmassproductionandachievestabledeliverybyyear-end.TheARglassesmarkethasdevelopedatadramaticallyquicker-than-expectedrate,withglobalshipmentsprojectedtohit100millionunitsby2035.TheCompanywillcontinuetoincreasetechnologicalinnovation,advanceforward-lookingcapacityplanning,comprehensivelyenhanceitscorecompetitivenessinhigh-performance,full-scenariodisplaysolutions,andactivelyseizethemajorstrategicopportunitypresentedbythe
industry'sexplosivegrowth.
Duringthereportingperiod,TCLCSOTcontinuedtoadvanceitsglobalstrategyandachievednotableprogressinthelocalizationofitsoverseasoperations.IntheIndianmarket,doubledgrowthinlarge-sizeTVsales—drivenbyanexpandedproductportfolioandbroadermainstreamcustomerreach—fueledcontinuousoperationalimprovementsatthelocalmodulefactory.TheIndiangovernment'staxreforminSeptemberissettoacceleratetheshifttowardlargerscreensizes.TheCompanyisactivelyoptimizingitsproductionlayoutandenhancingcapacityflexibilitytofurtherconsolidateitsleadingpositionintheregionalmarket.InVietnam,thenewmodulefactoryisinitsfinaldashtowardmassproduction.Havingsuccessfullypassedallkeycustomerauditsandwithsamplecertificationontrack,itisexpectedtobeginbatchshipmentsinthefourthquarter,positioningitselfasanewengineforoverseasbusinessgrowth.(II)SiliconMaterialsBusinessGuidedbyits"LeadatHome,CompeteGlobally"strategy,theCompany’ssiliconmaterialsbusinessdeliveredstrongperformancefromthestartoftheyeartotheendoftheReportingPeriod:
shipmentshit907MSI,operatingrevenuetotaledRMB4.24billion,ayear-on-yearincreaseof
28.7%.AsChina’slargestsiliconmaterialsenterprise,boastingthemostcomprehensiveproductportfolioandadvancedtechnology,theCompanyserveskeycustomersbothdomesticallyandinternationally,maintainingaleadingoverallcompetitiveedgeinthedomesticindustry.TheCompanywillcontinuetoenrichitsproductmixandcustomerstructuretoenhancemarketcompetitivenessandinfluence.(III)NewEnergyPhotovoltaicsBusiness
Inthefirsthalfoftheyear,pricesacrossthephotovoltaicindustry’smainchainfluctuated,spurredbyarushinend-userinstallations.Aseffortstocurbindustryinvolutionintensified,upstreampricesreboundedfromJulytoSeptember—atrendthatgraduallyrippledthroughtothewafersegment,drivingrecoveryinoverallindustryprofitability.TheCompany'snewenergyphotovoltaicbusinessisactivelyimplementinganti-involutionrequirementsbyupholdingastrategyofmeasuredintegrationandglobalexpansion.Thisapproachisdesignedtosolidifyourcompetitiveedgeincrystalandwaferproduction,bolsterourcapabilitiesincellsandmodules,expandouroverseasmarketpresence,andultimatelyenhanceprofitability.Fromthebeginningoftheyearto
theendoftheReportingPeriod,theCompany'snewenergyphotovoltaicbusinessachievedsalesrevenueofRMB16.01billion,withaQoQimprovementof22%inthethirdquarter.TheCompany'sphotovoltaicmaterialsbusinessoptimizeditsoperationalstrategy,increasingtheproportionofhigh-efficiencyandhigh-value-addedproducts.Itreducedsiliconcoststhroughsupplychainmanagementandimprovedmaterialusagecapability,andcontinuouslyloweredmanufacturingcostsbydrivingdownpowerconsumption,improvingproductionefficiency,andimplementingaseriesofR&Dprojects.AsoftheendofSeptember,non-siliconcostshaddecreasedbyover40%comparedtothebeginningoftheyear.Theprofitabilityofthephotovoltaicmaterialsbusinessimprovedsignificantlyinthethirdquarter.
DuringtheReportingPeriod,theproductcapabilityoftheCompany'sphotovoltaiccellandmodulebusinessfurtherimproved.AbrandmatrixcenteredonSUNPOWER,TCLSolar,andTZEwasestablished,andtheproductandcustomerstructurewasfurtheroptimized.Half-cellandBCmodulesgraduallyrampedupvolume,withBCproductefficiencyreaching25%.TheCompanyhasestablishedstrategiccooperationwithseveralmajorcentralstate-ownedenterprises,andisacceleratingitsbreakthroughsinthedistributedmarket,withrapidshipmentgrowthinoverseasmarketssuchastheMiddleEast,LatinAmerica,AustraliaandNewZealand.
TheCompanywillcontinuetorefineitsglobalizationstrategy,withoverseasoperationsinthePhilippines,theMiddleEast,andelsewhereprogressingasplanned.TheCompany'scontrolledsubsidiary,Maxeon,remainedinaphaseoftransformationandadjustment,whichhadanegativeimpactontheCompany'sfinancialperformance.Toaddressoperationalchallengesandalignwithbusinessstrategy,theCompanyhasdeepenedorganizationaltransformationandprocessoptimizationcenteredonmarketsandcustomers,toestablishanagileandefficientresponsemechanismandaccelerateefficiencyimprovements.Meanwhile,theCompanyiscloselymonitoringopportunitiesforindustryconsolidationduringthecyclicaltroughtoaddressshortcomingsandenhancecompetitiveness.(IV)Non-corebusiness
TheCompany’snon-corebusinessessatisfieditsoperatingbudgetsandmaintainedhealthygrowth.MokaTechnologyspecializesintheODMbusinessforintelligentdisplayterminalproductssuchasTVs,monitors,andcommercialdisplays,andistheworld'slargestTVODMmanufacturer.
Inthefirstthreequarters,MokaTechnologyachievedrevenueofRMB16.86billion,anincreaseof10%YoY.TheTVODMvolumeincreased12%YoY,withmarketsharerising1.1percentagepointsto14.3%,rankedfirstglobally.ThemonitorODMbusinessgrewrapidly,withshipmentvolumeincreasing21%YoYandmarketsharerising1.4percentagepointsto8.2%,securingfourthplaceglobally.Facingasevereandcomplexexternalenvironment,theCompanywillembracethespiritof“EmbarkingontheVoyageandPressingAheadAgainstAllOdds.”Byadheringtotheoperationalphilosophyof“StrategicLeadership,Innovation-Driven,AdvancedManufacturing,andGlobalOperations”,theCompanywillseizethehistoricopportunitiespresentedbytheupgradeoftheadvancedmanufacturingindustryandthetransformationoftheglobalenergystructuretoachievesustainablehigh-qualitydevelopmentandadvancetowardgloballeadership.
SectionIVShareholderInformation(I)Tableofthetotalnumberofordinaryshareholdersandthenumberofpreferredshareholderswithresumedvotingrightsaswellastheshareholdingsofthetop10shareholders
Unit:share
| TotalnumberofordinaryshareholdersbytheendoftheReportingPeriod | 671,098 | TotalnumberofpreferredshareholderswithresumedvotingrightsbytheendoftheReportingPeriod(ifany) | 0 | |||
| Shareholdingsoftop10shareholdersofordinaryshares(excludingthelendingofsharesunderrefinancing) | ||||||
| Nameofshareholder | Natureofshareholder | Shareholdingpercentage | Numberofsharesheld | Numberofrestrictedordinarysharesheld | Sharesinpledge,markedorfrozen | |
| Status | Number | |||||
| LiDongsheng | Domesticindividual/Domesticgenerallegalentity | 6.09% | 1,266,680,807 | 674,839,554 | Notapplicable | 0 |
| NingboJiutianLianchengEquityInvestmentPartnership(LimitedPartnership) | Inpledge | 169,320,637 | ||||
| ShenzhenMajorIndustrialDevelopmentPhaseIFundCo.,Ltd. | Publiclegalentity | 4.74% | 986,292,106 | 986,292,106 | Notapplicable | 0 |
| HongKongSecuritiesClearingCompanyLtd. | Foreignlegalentity | 4.54% | 945,065,947 | 0 | Notapplicable | 0 |
| HuizhouInvestmentHoldingCo.,Ltd. | Publiclegalentity | 2.58% | 535,767,694 | 0 | Notapplicable | 0 |
| ChinaSecuritiesFinanceCorporationLimited | Domesticgenerallegalentity | 1.97% | 410,554,710 | 0 | Notapplicable | 0 |
| IndustrialandCommercialBankofChina-Huatai-PinebridgeCSI300ETF | Fund,wealthmanagementproduct,etc. | 1.70% | 353,779,710 | 0 | Notapplicable | 0 |
| UBSAG | Foreignlegalentity | 1.34% | 277,717,184 | 243,467,933 | Notapplicable | 0 |
| ChinaConstructionBank-Efund-CSI300ETFInitiated | Fund,wealthmanagementproduct,etc. | 1.24% | 257,151,252 | 35,741,235 | Notapplicable | 0 |
| WuhanOpticsValleyIndustrialInvestmentCo.,Ltd. | Publiclegalentity | 1.20% | 249,848,896 | 0 | Inpledge | 124,000,000 |
| Shareholdingsoftop10non-restrictedordinaryshareholders(excludingthelendingofsharesunderrefinancingandrestrictedsharesheldbyseniormanagement) | ||||||
| Nameofshareholder | Numberofnon-restrictedsharesheld | Typeandquantityofshares | ||||
| Typeofshares | Quantity | |||||
| HongKongSecuritiesClearingCompanyLtd. | 945,065,947 | RMB-denominatedordinaryshares | 945,065,947 | |||
| LiDongsheng | 591,841,253 | RMB-denominatedordinaryshares | 591,841,253 | |||
| NingboJiutianLianchengEquityInvestmentPartnership(LimitedPartnership) | ||||||
| HuizhouInvestmentHoldingCo.,Ltd. | 535,767,694 | RMB-denominatedordinaryshares | 535,767,694 | |||
| ChinaSecuritiesFinanceCorporationLimited | 410,554,710 | RMB-denominatedordinaryshares | 410,554,710 | |
| IndustrialandCommercialBankofChina-Huatai-PinebridgeCSI300ETF | 353,779,710 | RMB-denominatedordinaryshares | 353,779,710 | |
| WuhanOpticsValleyIndustrialInvestmentCo.,Ltd. | 249,848,896 | RMB-denominatedordinaryshares | 249,848,896 | |
| BankofChinaLimited-Huatai-PinebridgeCSIPhotovoltaicIndustryETF | 236,692,980 | RMB-denominatedordinaryshares | 236,692,980 | |
| ChinaConstructionBank-Efund-CSI300ETFInitiated | 221,410,017 | RMB-denominatedordinaryshares | 221,410,017 | |
| PerseveranceAssetManagementPartnership(LimitedPartnership)-GaoyiXiaofengNo.2ZhixinFund | 206,800,000 | RMB-denominatedordinaryshares | 206,800,000 | |
| Noteontheaboveshareholders’associationsorconcertedactions | Amongthetop10shareholders,Mr.LiDongshengandNingboJiutianLianchengEquityInvestmentPartnership(LimitedPartnership)becamepersonsactinginconcertbysigningtheAgreementonConcertedAction.Mr.LiDongshengholds899,786,071sharesandNingboJiutianLianchengEquityInvestmentPartnership(LimitedPartnership)holds366,894,736shares,representing1,266,680,807sharesintotalandbecomingthelargestshareholderoftheCompany. | |||
| Explanationofthetop10ordinaryshareholdersparticipatinginsecuritiesmargintrading(ifany) | AttheendoftheReportingPeriod,WuhanOpticsValleyIndustrialInvestmentCo.,Ltd.,amongtheshareholdersabove,heldcertainsharesoftheCompanythroughacreditsecurityaccount. | |||
Participationofshareholdersholdingmorethan5%,thetop10shareholders,andthetop10non-restrictedshareholdersinthelendingofsharesundertherefinancingbusiness
□Applicable?NotapplicableChangeinthetop10shareholdersandthetop10non-restrictedshareholdersduetosecuritieslending/returningunderrefinancingascomparedtothepreviousperiod
□Applicable?Notapplicable
(II)Totalnumberofpreferredshareholdersandshareholdingsofthetop10preferredshareholders
□Applicable?Notapplicable
SectionVOtherSignificantEvents
1.DerivativeinvestmentsforhedgingpurposesmadeduringtheReportingPeriod
Unit:RMB'0,000
| Typeofcontract | Beginningamount | Endingamount | Gain/lossintheReportingPeriod | Endingcontractualamountas%oftheCompany’sendingnetasset | |||
| Contractualamount | Transactionlimit | Contractualamount | Transactionlimit | Contractualamount | Transactionlimit | ||
| 1.Forwardforexcontracts | 5,022,555 | 194,046 | 5,119,610 | 198,593 | 28,973 | 41.38 | 1.61 |
| 2.Interestrateswaps | 314,100 | 9,423 | 14,922 | 448 | 0.12 | 0.00 | |
| Total | 5,336,655 | 203,469 | 5,134,532 | 199,041 | 28,973 | 41.50 | 1.61 |
| AccountingpoliciesandspecificaccountingprinciplesforhedgingbusinessduringtheReportingPeriodandadescriptionofwhethertherehavebeensignificantchangesfromthoseofthepreviousreportingperiod | Nosignificantchange | ||||||
| DescriptionofactualprofitsandlossesduringtheReportingPeriod | DuringtheReportingPeriod,thefairvaluechangeofthehedgeditemsresultedinalossofRMB97.71million,thesettlementofmaturedforwardforeignexchangecontractsgeneratedagainofRMB258.48million,andthevaluationofoutstandingforwardforeignexchangecontractsleadtogainofRMB128.96million. | ||||||
| Descriptionofthehedgingeffect | DuringtheReportingPeriod,theCompany'smainforeignexchangeriskexposuresincludedexposuresofassetsandliabilitiesdenominatedinforeigncurrenciesarisingfrombusinesssuchasoutboundsales,rawmaterialprocurement,andfinancing.Theuncertainrisksarisingfromtheexchangeratefluctuationswereeffectivelyhedgedbyusingderivativecontractswiththesamepurchaseamountsandmaturitiesinoppositedirections. | ||||||
2.OthersignificanteventsduringtheReportingPeriod
?Applicable□NotapplicableI.Implementationstatusofshareissuanceandcashpaymenttopurchaseassetsandraisesupportingfundsin2025
1.OnMarch4,2025,theCompanydisclosedtheReportontheShareIssuanceandCashPaymenttoPurchaseAssetsandRaiseSupportingFunds(Draft)andrelateddocuments,accordingtowhichtheCompanyproposedtoacquirea21.5311%equityinterestinShenzhenChinaStarOptoelectronicsBandaotiDisplayTechnologyCo.,Ltd.heldbyShenzhenMajorIndustrialDevelopmentPhaseIFundCo.,Ltd.,throughsharesissuanceandcashpayment.
2.OnJune27,2025,theCompanyreceivedtheReplyonApprovingTCLTechnologyGroupCorporation'sIssuanceofSharestoPurchaseAssetsandRaiseSupportingFunds(CSRCPermit[2025]No.1326)issuedbytheChinaSecuritiesRegulatoryCommission(CSRC).
3.OnJuly1,2025,theCompanyobtainedtheRegistrationNoticeissuedbytheShenzhenAdministrationforMarketRegulation,indicatingthatthesubjectassetshadbeentransferredandregisteredundertheCompany'sname.
4.OnJuly10,2025,thenewsharesinvolvedinthisshareissuanceforassetpurchasewerelisted.
5.OnAugust22,2025,thesharesissuedtospecificinvestorsinconnectionwiththeraisedsupportingcapitalwerelisted.
6.InSeptember2025,theraisedfundswerefullyutilized,andthespecialaccountforraisedfundswasclosed.Fordetailsoftheabove,pleaserefertotherelevantannouncementsreleasedbytheCompanyondesignatedmedia.
SectionVIQuarterlyFinancialStatements(I)Financialstatements
1.ConsolidatedBalanceSheetPreparedby:TCLTechnologyGroupCorporation
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Currentassets: | ||
| Monetaryassets | 20,224,631,366 | 23,007,772,733 |
| Settlementreserves | ||
| Fundsonloan | ||
| Held-for-tradingfinancialassets | 24,345,975,511 | 16,560,971,113 |
| Derivativefinancialassets | 59,086,672 | 172,488,618 |
| Notesreceivable | 132,546,071 | 189,852,988 |
| Accountsreceivable | 25,981,194,923 | 22,242,152,687 |
| Receivablesfinancing | 1,415,781,853 | 831,407,255 |
| Prepayments | 2,345,996,461 | 2,090,491,922 |
| Premiumsreceivable | ||
| Reinsuranceaccountsreceivable | ||
| Reinsurancecontractprovisionsreceivable | ||
| Otherreceivables | 3,674,963,268 | 4,723,140,548 |
| Including:Interestsreceivable | ||
| Dividendsreceivable | 675,118,675 | 675,118,675 |
| Financialassetspurchasedundersale-backagreement | ||
| Inventories | 21,141,468,643 | 17,594,133,395 |
| Including:Dataresources | ||
| Contractassets | 387,645,137 | 395,116,789 |
| Held-for-saleassets | ||
| Non-currentassetsduewithinoneyear | 1,448,125,219 | 849,705,941 |
| Othercurrentassets | 8,213,437,143 | 6,716,208,634 |
| Totalcurrentassets | 109,370,852,267 | 95,373,442,623 |
| Non-currentassets: | ||
| Loansandadvancestocustomers | ||
| Debtinvestments | 582,299,281 | 147,271,738 |
| Otherdebtinvestments | ||
| Long-termreceivables | 119,524,707 | 443,741,405 |
| Long-termequityinvestments | 24,265,865,599 | 24,595,634,142 |
| Investmentsinotherequityinstruments | 412,376,934 | 387,850,846 |
| Othernon-currentfinancialassets | 2,804,454,719 | 2,225,199,823 |
| Investmentproperty | 560,133,255 | 612,733,509 |
| Fixedassets | 166,429,063,963 | 170,512,009,105 |
| Constructioninprogress | 19,841,159,897 | 23,580,503,161 |
| Productivebiologicalassets | ||
| Oilandgasassets | ||
| Right-of-useassets | 6,372,228,055 | 6,697,687,926 |
| Intangibleassets | 18,560,203,772 | 18,117,467,463 |
| Including:Dataresources | ||
| Developmentcosts | 1,537,561,058 | 1,831,444,027 |
| Including:Dataresources | ||
| Goodwill | 11,962,253,652 | 11,159,705,297 |
| Long-termdeferredexpenses | 2,662,263,140 | 2,163,456,812 |
| Deferredincometaxassets | 2,715,639,509 | 2,486,427,319 |
| Othernon-currentassets | 13,455,519,795 | 17,917,340,727 |
| Totalnon-currentassets | 272,280,547,336 | 282,878,473,300 |
| Totalassets | 381,651,399,603 | 378,251,915,923 |
| Currentliabilities: | ||
| Short-termborrowings | 8,815,334,532 | 8,193,283,100 |
| BorrowingsfromtheCentralBank | 91,666,344 | 600,925,595 |
| Borrowingfunds | 500,052,778 | |
| Held-for-tradingfinancialliabilities | 261,219,141 | 232,405,610 |
| Derivativefinancialliabilities | 61,410,021 | 248,845,063 |
| Notespayable | 7,480,410,204 | 7,107,842,242 |
| Accountspayable | 35,838,156,892 | 29,347,615,057 |
| Advancesfromcustomers | 5,312,101 | 2,688,530 |
| Contractliabilities | 1,997,537,592 | 1,969,271,038 |
| Financialassetssoldunderrepurchaseagreements | ||
| Customerdepositsanddepositsfromotherbanksandfinancialinstitutions | 188,654,874 | 177,654,155 |
| Fundsforbrokeringsecuritiestransactions | ||
| Fundsforbrokeringsecuritiesunderwriting | ||
| Employeecompensationpayable | 4,626,671,664 | 4,188,236,860 |
| Taxesandleviespayable | 1,385,585,187 | 1,206,097,922 |
| Otherpayables | 18,649,666,079 | 20,072,070,113 |
| Including:Interestspayable | ||
| Dividendspayable | 13,248,764 | 13,131,367 |
| Servicechargesandcommissionspayable | ||
| Reinsuranceaccountspayable | ||
| Held-for-saleliabilities | ||
| Non-currentliabilitiesduewithinoneyear | 33,598,571,876 | 36,224,483,112 |
| Othercurrentliabilities | 1,590,407,622 | 1,484,914,785 |
| Totalcurrentliabilities | 115,090,656,907 | 111,056,333,182 |
| Non-currentliabilities: | ||
| Insurancecontractprovisions | ||
| Long-termborrowings | 123,534,083,925 | 116,815,131,219 |
| Bondspayable | 6,557,139,250 | 6,488,620,429 |
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Leaseliabilities | 6,233,896,008 | 6,334,785,779 |
| Long-termpayables | 1,429,607,345 | 1,994,811,580 |
| Long-termemployeecompensationpayable | 21,957,721 | 22,423,743 |
| Estimatedliabilities | 227,893,429 | 249,217,532 |
| Deferredincome | 2,664,621,413 | 1,014,891,072 |
| Deferredincometaxliabilities | 2,143,325,702 | 1,544,449,080 |
| Othernon-currentliabilities | 28,652,175 | 27,508,246 |
| Totalnon-currentliabilities | 142,841,176,968 | 134,491,838,680 |
| Totalliabilities | 257,931,833,875 | 245,548,171,862 |
| Owner’sequity: | ||
| Sharecapital | 20,800,862,447 | 18,779,080,767 |
| Otherequityinstruments | ||
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Capitalreserves | 14,897,640,925 | 10,553,081,163 |
| Less:Treasuryshare | 1,503,652,075 | 919,321,508 |
| Othercomprehensiveincome | -817,322,308 | -740,458,937 |
| Specificreserves | 5,630,522 | 7,189,104 |
| Surplusreserves | 3,974,386,324 | 3,974,386,324 | ||
| Generalriskreserve | 8,933,515 | 8,933,515 | ||
| Retainedearnings | 23,563,285,093 | 21,504,718,929 | ||
| Totalequityattributabletotheownersoftheparentcompany | 60,929,764,443 | 53,167,609,357 | ||
| Non-controllinginterests | 62,789,801,285 | 79,536,134,704 | ||
| Totalowners'equity | 123,719,565,728 | 132,703,744,061 | ||
| Totalliabilitiesandowners'equity | 381,651,399,603 | 378,251,915,923 | ||
| Legalrepresentative:LiDongsheng | Person-in-chargeoffinancialaffairs:LiJian | Person-in-chargeofthefinancialdepartment:JingChunmei | ||
2.ConsolidatedIncomeStatementfortheperiodfromthebeginningoftheyeartotheendoftheReportingPeriod
Unit:RMB
| Item | Amountincurredinthecurrentperiod | Amountincurredinthepreviousperiod |
| I.Totalrevenue | 136,064,747,889 | 123,131,768,609 |
| Including:Operatingrevenue | 135,943,426,753 | 123,028,497,947 |
| Interestincome | 121,321,136 | 103,270,662 |
| Earnedpremiums | ||
| Servicechargeandcommissionincome | ||
| II.Totalcosts | 135,565,833,830 | 124,050,215,990 |
| Including:Operatingcost | 118,592,498,986 | 108,640,452,508 |
| Interestexpenditures | 12,226,443 | 16,004,207 |
| Servicechargeandcommissionexpenditures | ||
| Surrendervalue | ||
| Netclaimspayment | ||
| Appropriationofnetinsuranceliabilityreserve | ||
| Policydividendexpenditures | ||
| Reinsuranceexpenses | ||
| Taxesandlevies | 878,642,741 | 888,627,867 |
| Salesexpenses | 1,808,184,948 | 1,395,704,389 |
| Administrativeexpenses | 3,440,592,336 | 3,121,692,041 |
| R&Dexpenses | 7,393,745,724 | 6,576,221,492 |
| Financialexpenses | 3,439,942,652 | 3,411,513,486 |
| Including:Interestexpenses | 3,720,323,168 | 3,734,284,335 |
| Interestincome | 524,551,294 | 501,033,624 |
| Add:Otherincome | 1,767,528,756 | 1,334,221,454 |
| Returnoninvestment(lossesareindicatedby"-") | 1,662,556,667 | 878,654,664 |
| Including:Returnoninvestmentinjointventuresandassociates | 1,150,193,541 | -119,650,822 |
| Incomefromderecognitionoffinancialassetsmeasuredatamortizedcosts | ||
| Exchangegains(lossesareindicatedby"-") | 504,115 | 421,473 |
| Gainonnetexposurehedging(lossesareindicatedby"-") | ||
| Gainonchangesinfairvalue(lossesareindicatedby"-") | 595,629,955 | 479,574,279 |
| Creditimpairmentloss(lossesareindicatedby"-") | -14,031,935 | -15,204,947 |
| Assetimpairmentloss(lossesareindicatedby"-") | -3,372,610,477 | -3,540,212,533 |
| Assetdisposalincome(lossesareindicatedby"-") | 3,069,942 | 40,910,222 |
| III.Operatingprofit(lossesareindicatedby"-") | 1,141,561,082 | -1,740,082,769 |
| Add:Non-operatingincome | 46,160,074 | 238,237,895 |
| Less:Non-operatingexpenses | 176,001,781 | 102,597,065 | ||
| IV.Grossprofit(grosslossisindicatedby"-") | 1,011,719,375 | -1,604,441,939 | ||
| Less:Incometaxexpense | 529,171,588 | 224,564,284 | ||
| V.Netprofits(netlossesareindicatedby"-") | 482,547,787 | -1,829,006,223 | ||
| (I)Classifiedbycontinuityofoperations | ||||
| 1.Netprofitsfromcontinuingoperations(netlossesareindicatedby"-") | 482,547,787 | -1,829,006,223 | ||
| 2.Netprofitsfromdiscontinuedoperations(netlossesareindicatedby"-") | ||||
| (II)Classificationbyownership | ||||
| 1.Netprofitsattributabletoshareholdersoftheparentcompany(netlossesareindicatedby"-") | 3,046,792,403 | 1,525,319,763 | ||
| 2.Netprofitattributabletonon-controllinginterests(netlossesareindicatedby"-") | -2,564,244,616 | -3,354,325,986 | ||
| VI.Othercomprehensiveincome,netoftax | -93,393,016 | 148,408,442 | ||
| Othercomprehensiveincomeattributabletotheownersoftheparentcompany,netoftax | -76,863,371 | 166,521,886 | ||
| (I)Othercomprehensiveincomethatcannotbesubsequentlyreclassifiedintoprofitsandlosses | -5,440,283 | 128,945,901 | ||
| 1.Changesarisingfromremeasurementofdefinedbenefitplans | ||||
| 2.Othercomprehensiveincomethatcannotbesubsequentlyreclassifiedintoprofitsandlossesundertheequitymethod | -10,209,048 | 131,124,694 | ||
| 3.Changesinfairvalueofinvestmentsinotherequityinstruments | 4,768,765 | -2,178,793 | ||
| 4.Changesinfairvalueoftheenterprise’sowncreditrisks | ||||
| 5.Others | ||||
| (II)Othercomprehensiveincomethatmaysubsequentlybereclassifiedintoprofitsandlosses | -71,423,088 | 37,575,985 | ||
| 1.Othercomprehensiveincomethatcanbetransferredtoprofitsandlossesundertheequitymethod | -37,715,578 | 26,476,380 | ||
| 2.Changesinfairvalueofotherdebtinvestments | ||||
| 3.Amountsoffinancialassetsreclassifiedintoothercomprehensiveincome | ||||
| 4.Provisionsforcreditimpairmentofotherdebtinvestments | ||||
| 5.Reservesforcashflowhedging | - | 28,637,483 | ||
| 6.Conversiondifferencesinforeigncurrencyfinancialstatements | -33,707,510 | -17,537,878 | ||
| 7.Others | ||||
| Othercomprehensiveincomeattributabletonon-controllinginterests,netoftax | -16,529,645 | -18,113,444 | ||
| VII.Totalcomprehensiveincome | 389,154,771 | -1,680,597,781 | ||
| (I)Totalcomprehensiveincomeattributabletotheshareholdersoftheparentcompany | 2,969,929,032 | 1,691,841,649 | ||
| (II)Totalcomprehensiveincomeattributabletonon-controllinginterests | -2,580,774,261 | -3,372,439,430 | ||
| VIII.Earningspershare: | ||||
| (I)Basicearningspershare | 0.1604 | 0.0821 | ||
| (II)Dilutedearningspershare | 0.1584 | 0.0812 | ||
| Legalrepresentative:LiDongsheng | Person-in-chargeoffinancialaffairs:LiJian | Person-in-chargeofthefinancialdepartment:JingChunmei | ||
3.ConsolidatedCashFlowStatementfortheperiodfromthebeginningoftheyeartotheendoftheReportingPeriod
Unit:RMB
| Item | Amountincurredinthecurrentperiod | Amountincurredinthepreviousperiod |
| I.Netcashgeneratedfromoperatingactivities: | ||
| Proceedsfromthesaleofcommoditiesandrenderingofservices | 147,937,512,610 | 123,374,242,201 |
| Netincreaseofdepositsfromcustomers,banks,andotherfinancialinstitutions | 8,905,145 | 574,758,778 |
| NetincreaseofborrowingsfromtheCentralBank | -507,189,316 | -287,595,760 |
| Netincreaseofborrowingsfromotherfinancialinstitutions | ||
| Cashreceivedfromcollectingpremiumsfororiginalinsurancecontracts | ||
| Netcashreceivedforreinsurancebusiness | ||
| Netincreaseofdepositsandinvestmentsofpolicyholders | ||
| Cashreceivedfrominterest,servicechargesandcommission | 86,593,708 | 104,035,829 |
| Netincreaseofborrowedfundsfrombanksandotherfinancialinstitutions | ||
| Netincreaseofrepurchasebusinessfunds | ||
| Netcashreceivedfrombrokeringsecuritiestransactions | ||
| Taxandlevyrebates | 4,238,907,127 | 4,189,699,038 |
| Cashgeneratedfromotheroperatingactivities | 9,766,246,224 | 3,505,370,060 |
| Sub-totalofcashgeneratedfromoperatingactivities | 161,530,975,498 | 131,460,510,146 |
| Paymentsforcommoditiesandservices | 102,597,397,617 | 88,059,421,971 |
| Netincreaseofloansandadvancestocustomers | -185,677,339 | -282,990,363 |
| NetincreaseofdepositswiththeCentralBank,banks,andotherfinancialinstitutions | -8,624,759 | -89,725,774 |
| Cashpaidforclaimsfororiginalinsurancecontracts | ||
| Netincreaseoffundsonloan | ||
| Cashpaidforinterest,servicechargesandcommissions | ||
| Cashpaidforpolicydividends | ||
| Cashpaidtoandforemployees | 10,742,521,309 | 9,177,134,623 |
| Taxesandleviespaid | 3,919,628,352 | 3,746,232,645 |
| Cashusedinotheroperatingactivities | 10,629,128,174 | 8,849,722,508 |
| Sub-totalofcashusedinoperatingactivities | 127,694,373,354 | 109,459,795,610 |
| Netcashgeneratedfromoperatingactivities | 33,836,602,144 | 22,000,714,536 |
| II.Cashflowgeneratedfrominvestingactivities: | ||
| Proceedsfromdisinvestments | 80,824,235,602 | 52,857,913,578 |
| Proceedsfromreturnoninvestments | 1,945,325,131 | 2,162,788,974 |
| Netproceedsfromdisposaloffixedassets,intangibleassets,andotherlong-termassets | 145,356,890 | 317,694,322 |
| Netproceedsfromdisposalofsubsidiariesandotherbusinessunits | - | 35,197,323 |
| Cashgeneratedfromotherinvestingactivities | 137,527,359 | 480,351,646 |
| Sub-totalofcashgeneratedfrominvestmentactivities | 83,052,444,982 | 55,853,945,843 | ||
| Paymentsfortheacquisitionandconstructionoffixedassets,intangibleassetsandotherlong-termassets | 11,511,651,748 | 18,673,744,678 | ||
| Paymentsforinvestments | 89,279,902,850 | 62,378,097,855 | ||
| Netincreaseofpledgedloans | ||||
| Netpaymentsforacquiringsubsidiariesandotherbusinessunits | 6,197,175,767 | 395,597,639 | ||
| Cashusedinotherinvestingactivities | 561,637,645 | 959,825,953 | ||
| Subtotalofcashusedininvestingactivities | 107,550,368,010 | 82,407,266,125 | ||
| Netcashusedininvestingactivities | -24,497,923,028 | -26,553,320,282 | ||
| III.Cashflowgeneratedfromfinancingactivities: | ||||
| Capitalcontributionsreceived | 4,435,377,733 | 96,135,256 | ||
| Including:Capitalcontributionsbynon-controllingintereststosubsidiaries | 137,551,931 | 96,135,256 | ||
| Borrowingsraised | 66,876,357,539 | 61,968,446,494 | ||
| Cashgeneratedfromotherfinancingactivities | 566,327,309 | 434,971,952 | ||
| Sub-totalofcashgeneratedfromfinancingactivities | 71,878,062,581 | 62,499,553,702 | ||
| Cashpaidfordebtrepayment | 68,842,349,158 | 46,959,964,907 | ||
| Cashpaidfordistributionofdividendsandprofitsorrepaymentofinterests | 4,627,566,871 | 6,531,212,376 | ||
| Including:DividendandProfitpaidbysubsidiariestominorityshareholders | 33,550,665 | 1,003,910,923 | ||
| Cashusedinotherfinancingactivities | 10,406,415,238 | 2,162,527,863 | ||
| Subtotalofcashusedinfinancingactivities | 83,876,331,267 | 55,653,705,146 | ||
| Netcashgeneratedfromfinancingactivities | -11,998,268,686 | 6,845,848,556 | ||
| IV.Effectofexchangeratechangesoncashandcashequivalents | 190,479,096 | -26,384,744 | ||
| V.Netincreaseincashandcashequivalents | -2,469,110,474 | 2,266,858,066 | ||
| Add:Beginningbalanceofcashandcashequivalents | 20,861,254,876 | 19,996,815,160 | ||
| VI.Endingbalanceofcashandcashequivalents | 18,392,144,402 | 22,263,673,226 | ||
| Legalrepresentative:LiDongsheng | Person-in-chargeoffinancialaffairs:LiJian | Person-in-chargeofthefinancialdepartment:JingChunmei | ||
(II)Adjustmentstofinancialstatementitemsatthebeginningoftheyearofthefirstimplementationofthenewaccountingstandards,whichhavebeenimplementedsince2025
□Applicable?Notapplicable
(III)Auditor'sReport
WhethertheThirdQuarterFinancialReporthasbeenauditedornot?
□Yes?NoTheCompany'sThirdQuarterFinancialReporthasnotyetbeenaudited.
TCLTechnologyGroupCorporation
TheBoardofDirectors
October30,2025