On August 28, TCL Central held a semi-annual investor exchange meeting in 2026. Li Dongsheng, founder and chairman of TCL, presided over the meeting for the first time.
Faced with the continuous adjustment of the photovoltaic industry and the accelerated clearance of production capacity, Li Dongsheng reviewed the response and changes of TCL Central in the past three years, and also looked forward to the company's future development around the two major businesses of photovoltaic and semiconductor materials. Since the second half of
2023, the photovoltaic industry has entered a period of deep adjustment. Faced with the downturn of the industry cycle, TCL Central once faced challenges such as relatively single business structure, operating efficiency to be improved, and low proportion of overseas business.
"It is not too much to say that Central is in crisis at that time."
Li Dongsheng said that the problem can not be avoided, let alone attribute the pressure to the industry cycle. Since 2024, TCL Zhonghuan has promoted a series of in-depth changes in corporate culture, organizational process, digital operation, operational efficiency and cost control, and strived to enhance its relative competitiveness and ability to cross the cycle.
Changing business philosophy to market and customers to further
competition in the photovoltaic industry is not only a single link of capacity competition, but also a comprehensive competition of technology, cost, product, market and globalization capabilities.
Around this judgment, TCL Central is speeding up the moderate integration layout , continuously improving the business capabilities of batteries and components , so as to be closer to the market and customers. Enhance the understanding and response to the industrial chain and terminal demand.
At the same time, the company is accelerating the development of efficient technologies such as BC and promoting the application of AI in manufacturing, R & D and operation systems. On the market side, while expanding the domestic market, TCL Central is also accelerating the expansion of overseas business, relying on TCL's global system and capabilities to promote the overseas market as a new growth space.
Li Dongsheng believes that the photovoltaic industry is still at the bottom of the cycle, but under the combined effect of industrial policy guidance and market regulation, the clearance of inefficient capacity is accelerating, and the supply-demand relationship of the industry will gradually move towards balance. With the continuous expansion of photovoltaic application scenarios, the long-term development space of the industry is still broad.
After three years of deep changes, the trend of improving the operation of TCL Zhonghuan photovoltaic business is gradually established. In the future, the company will continue to consolidate its technology, manufacturing, product and globalization capabilities, and strive to become one of the fastest growing and most competitive enterprises in the industry. In terms of
semiconductor materials business, Zhonghuan will also seize the development opportunities of the integrated circuit industry, continue to consolidate its leading position in China and move towards the first echelon in the world.
Note: This article is based on the on-site speech, involving operating data and related statements, please refer to the company's publicly disclosed information.
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