On July 9, TCL Zhonghuan released the Semi-annual Performance Forecast for 2025. The announcement shows that the company expects to achieve a net profit loss of 4 billion yuan to 4.5 billion yuan in the first half of 2025.
As for the performance changes, TCL Zhonghuan explained the reasons in the report:
in the first half of 2025, the global photovoltaic installed capacity maintained a resilient growth, and the domestic distributed market ushered in a short-term rush to install. The market demand is strong in stages. From May to June 2025, the demand of the industrial chain gradually cooled down, and the price of products continued to fall due to factors such as the imbalance between supply and demand of production capacity in various links of the industrial chain and the pressure of inventory. Affected by the decline in product prices and inventory impairment, the company suffered a loss in operating results during the reporting period.
Faced with the severe challenges at the bottom of the industrial cycle, the Company continued to promote strategic implementation, operational improvement, cost reduction and cost control and organizational reform, focusing on improving the quality of operation, improving product competitiveness, accelerating turnover, reducing costs and increasing efficiency, maintaining positive operating cash flow during the reporting period, and adhering to the bottom line of operation. The company will continue to actively practice industry self-discipline, seize development opportunities, actively respond to challenges, take global leadership as the traction, adhere to technological innovation-driven, firm globalization strategy, strengthen business control, and strive to improve annual operating results.
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