TCL Technology Group 2026 Investor Open Day Successfully Held

On August 28, TCL Technology Group held the 2026 Investor Open Day in Shenzhen and TCL Technology, together with Li Dongsheng, founder and chairman of

the Open Day for Investors. At the TCL Zhonghuan Investor Exchange, the management conducted an in-depth exchange on the business review and future outlook of TCL Zhonghuan's new energy photovoltaic and semiconductor materials business for on-site and online investors. At the TCL Technology Investor Exchange Meeting, the management systematically reviewed the operation of TCL Technology Company and its semiconductor display business in the first half of the year, comprehensively explained the future development strategy, and frankly responded to the core issues of market concern.

TCL Zhonghuan 2026 Semi-annual Investor Exchange Highlights

Li Dongsheng: TCL Zhonghuan PV will grow into one of the fastest growing and most competitive enterprises in the industry!

Looking back on the past, in 2024, the photovoltaic industry turned into a downward cycle from the boom, and TCL Zhonghuan fell into a business crisis.". The company's business structure is unreasonable, its operating efficiency is low, and its ability to globalize is lacking. In August 2024, Li Dongsheng, the chairman of the company, acted as the CEO of TCL Central, personally promoted the transformation, reshaped the corporate culture of change, innovation, responsibility and excellence, improved the efficiency of decision-making, and firmly implemented the strategy of moderate integration and globalization. Improving battery " With the implementation of a series of internal reform measures, TCL Zhonghuan achieved positive results in the first half of 2026. In the first half of the year, the operating income was 14.31 billion yuan, an increase of 6.8% over the same period last year, and the net profit attributable to the parent company was -3.2 billion yuan, an improvement over the same period last year. 24

. Looking forward to the next stage, Li Dongsheng said: "I am full of confidence in the long-term development of the company". Li Dongsheng believes that the current photovoltaic industry has bottomed out, but under the combined effect of industrial policy guidance and market regulation, the industry capacity clearance process is accelerating. After more than two years of in-depth reform, the trend of improvement of TCL Zhonghuan PV operation has been established, which will further consolidate the relative competitiveness in the future. BC new technology will become an important growth engine of the company, while relying on the global resources of TCL system to accelerate the development of overseas business. TCL Zhonghuan Photovoltaic will surely grow into one of the fastest growing and most competitive enterprises in the industry!

At the business level, the Company's integration and globalization strategy and high-end strategy have achieved results. By actively optimizing the product and customer structure, the Company achieved a year-on-year increase of 29% in module business shipments and a year-on-year increase in market share. 1. Under the guidance of the globalization strategy, the Company achieved breakthroughs in overseas business in both silicon wafers and modules, and the proportion of overseas business sales revenue increased to 25%. High-end, the company formed a half-piece, multi-piece and other high-efficiency product layout, the first half of BC and half-piece new products and other high-efficiency products accounted for more than 15% of shipments.

Looking forward to the future, Ouyang Hongping said that under the intervention of national policies, the competition of photovoltaic manufacturers will gradually enter the comprehensive competition in technology, cost, capital, globalization and brand operation from the scale of production capacity. TCL Zhonghuan will rely on high-value products to achieve breakthroughs, with BC and high-efficiency photovoltaic products as new growth drivers. Accelerate the integrated business transformation, consolidate AI empowerment, enhance R & D capability and organizational efficiency, and strive to achieve a month-on-month growth in H2 sales scale.

Wang Yanjun: Semiconductor Materials Seizes the Opportunity of AI and Localization Acceleration and Strides Forward

to the First Echelon in the World Wang Yanjun, the leading person in charge of Central, made a special report on the operation and planning of semiconductor materials business.

In the past few years, the company has realized the optimization of large-size structure from" mainly 8 inches "to" mainly 12 inches "; Product application is transformed from "Power + IC" to "IC + Power" strategy. Form the layout of the whole product series and build the competitive advantage through the cycle.

Looking forward to the future, Zhonghuan Qiangxian hopes to become a comprehensive solution service provider for semiconductor materials: firstly, it will continue to enrich the product structure, covering multi-process and multi-application; secondly, it will continue to increase research and development, and achieve technological breakthroughs in advanced Logic, HBM, high-end power and advanced packaging applications; Third, consolidate the organization and AI application, and improve R & D, operation and production efficiency through backbone personnel training and AI empowerment.

Wang Yanjun said that in the next five years, the change of demand structure brought by AI and the acceleration of localization process are expected to bring new development opportunities for the industry. The company will promote the full production capacity of existing factories in Yixing and Xuzhou, speed up the construction of Shenzhen factories, and build 3-5 12-inch factories in stages according to the long-term downstream demand. Grasp the incremental demand of the industry, increase market share, and move towards the first echelon in the world.

TCL Technology 2026 Semi-annual Investor Exchange Highlights

Wang Cheng: TCL Technology 2026 First Half Net Profit Attributable to Parent Company 38. TCL Technology CEO Wang Cheng took the lead in sharing the business development achievements of TCL Technology in the first half of 2026.

Wang Cheng introduced that in the first half of 2026, TCL Technology realized an operating income of 88.6 billion yuan, an increase of 3.6% over the same period last year, and doubled its profits, including a net profit of 2.24 billion yuan, an increase of 2.21 billion yuan over the same period last year; Net profit attributable to the parent company was 3.81 billion yuan, an increase of 19.

Wang Cheng introduced to investors that in the first half of 2026, the company adhered to sound operation, while ensuring the orderly progress of investment in key projects, the overall scale of interest-bearing liabilities decreased slightly. It is noteworthy that in the semiconductor display business sector, the company has successively acquired minority shares in high-quality production lines such as T6, T7 and T9, and the profits of shareholders belonging to listed companies in the semiconductor display business have been increasing.

Facing the future, Wang Cheng said that the company will continue to focus on the core business, through product upgrading, technology iteration and market expansion to drive growth, further consolidate and enhance the company's market competitive advantage.

At the same time, the company's long-term accumulation of pan-semiconductor industry capabilities in high-tech, heavy assets and long-term areas will support the company to seize the development opportunities of artificial intelligence and promote the expansion of new display, non-display prospective business and semiconductor materials business to higher value areas.

Facing the world

Zhao Jun: TCL CSOT will carry out phased technology verification and industrialization promotion

in the fields of optical communication, glass-based advanced packaging and perovskite. Zhao Jun, senior vice president of TCL Technology and CEO of TCL CSOT, made a detailed report on the operation and work planning progress of the company's semiconductor display business.

2026 In the first half of the year, TCL Huaxing achieved an operating income of 50.27 billion yuan, basically flat compared with the same period last year, and an operating cash flow of 18.84 billion yuan; Net profit attributable to shareholders of TCL Technology 32.

The revenue and profitability of LCD business continued to improve, which constituted the basis for the stable development of TCL Huaxing. Zhao Jun said that for a long time in the past, TCL Huaxing has maintained a leading position in the industry in terms of EBITDA rate and turnover efficiency of operating assets.

Faced with the progress of the company's printing OLED business concerned by the market and investors, Zhao Jun said: "The company's printing OLED has made substantial breakthroughs in product specifications, mass production feasibility, market recognition and other aspects, and the path of technological upgrading has been clear and clear."

On the question of where future growth will come from, Zhao Jun said that TCL Huaxing does not blindly diversify and scatter its own capabilities, but builds a clear business portfolio based on mature display business and in accordance with technology homology, market traction and return constraints.

Zhao Jun mentioned in particular that the company is exploring a broader non-obvious and forward-looking field from the display track, and will carry out phased technology verification and industrialization promotion around the fields of optical communication, glass-based advanced packaging and perovskite, relying on homologous capabilities to cultivate industrial opportunities for AI infrastructure.

This Investor Open Day is an in-depth and Frank dialogue between TCL Technology Group and the capital market. At present, the global geopolitical disturbance, AI industrial transformation and the wave of energy transformation are intertwined, which not only bring challenges, but also breed new industrial opportunities. Taking root in the three core tracks of semiconductor display, new energy photovoltaic and semiconductor materials, TCL Technology Group takes a long-term approach to technological breakthroughs and capacity construction, has a solid foundation for continuously consolidating core competitive advantages and improving profitability, and is confident to open up broader market space in frontier areas and cultivate new growth momentum. The company adheres to the concept of open and transparent communication, and presents the real business and growth blueprint to the market.

Facing the future, TCL Technology Group will continue to release the synergy potential of pan-semiconductor technology, forge core competitiveness in industrial transformation, create sustainable value with hard-core industrial strength, and witness the upward growth of China's pan-semiconductor industry with investors.

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