TCL科技2024年年度报告（英文版）

Full Text of the Annual Report 2024 of TCL Technology Group Corporation 1 TCL 科技集团股份有限公司 TCL Technology Group Corporation ANNUAL REPORT 2024 April 2025 Full Text of the Annual Report 2024 of TCL Technology Group Corporation 2 Embark on the Voyage and Press Ahead Against All Odds ANNUAL REPORT 2024 Chairman's Statement In 2024, due to the complex international economic situation and the acceleration of global supply chain restructuring, numerous uncertainties occurred to the corporate development. Faced with a complex external environment, the Company consistently maintained strategic resolve, concentrating on the three core businesses that include display, new energy photovoltaic and other silicon materials. By dedicating to our own business, the Company aimed to enhance its relative competitiveness. In 2024, the Company achieved an operating revenue of RMB 164.8 billion, with a net profit attributable to shareholders of the listed companies of RMB 1.56 billion and an operating cash flow of RMB 29.5 billion, demonstrating overall stable operations. TCL CSOT maintained a basic balance between supply and demand within the industry for its display business and seized new business opportunities brought by the trend towards larger-sized products and the expansion of AI applications for continuing to optimize its development strategy, business and product structure, enhancing its relative competitiveness and actively improving its global layout. For display business, the Company achieved an annual operating revenue of RMB 104.3 billion and a net profit of RMB 6.23 billion, showing significant year-on-year improvement. The competitiveness of LCD product business achieved a leading position, with the market share of TV products firmly ranked in top two globally, and that of commercial display products ranked in the top three worldwide. The Company acquired LGD's LCD panel and module factory in Guangzhou, thus further strengthening its competitiveness in the LCD industry. The small and medium-sized display business grew rapidly, with market share in monitors rising to the second globally, and that in gaming monitors and LTPS laptops and tablets ranked first worldwide. The competitiveness of flexible OLED business was enhanced, with optimized product structure and significant improvements in performance. The Company will strive to enhance its competitiveness in the NB, vehicle-mounted devices, and specialized display businesses, and actively design the layout of MLED. This year, the Company is confident in maintaining the rapid growth in its display business, and further improving operational benefits. Full Text of the Annual Report 2024 of TCL Technology Group Corporation 3 Global installation of new energy photovoltaic devices continues to grow, but competition across all segments of the Chinese industrial chain has intensified, with a mismatch between supply and demand at the market and leading to losses across the entire industry. TZE's phot