TCL Technology Group Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	172,943	160,028	168,870	162,198	163,489	75,938
Other Revenue	4,953	4,935	5,577	4,435	150.08	892.19
Revenue	177,896	164,963	174,446	166,632	163,639	76,830
Revenue Growth (YoY)	8.20%	-5.44%	4.69%	1.83%	112.99%	2.33%
Cost of Revenue	160,514	150,562	153,247	155,009	132,986	66,735
Gross Profit	17,382	14,401	21,199	11,623	30,653	10,096
Selling, General & Admin	7,232	6,500	6,476	5,491	6,313	3,257
Research & Development	10,251	9,433	9,523	8,634	7,236	4,403
Other Operating Expenses	-433.75	9.54	-194.9	163.62	599.95	-730.98
Operating Expenses	17,040	15,936	15,749	14,333	14,272	6,979
Operating Income	341.66	-1,535	5,450	-2,711	16,382	3,117
Interest Expense	-5,056	-5,074	-4,941	-4,492	-4,160	-2,628
Interest & Investment Income	2,895	2,088	3,532	5,455	4,351	3,660
Currency Exchange Gain (Loss)	292.97	292.89	138.37	465.79	54.13	-146.84
Other Non Operating Income (Expenses)	-450.31	-118.92	-426.97	524.7	110.83	60.86
EBT Excluding Unusual Items	-1,977	-4,347	3,752	-756.61	16,737	4,062
Impairment of Goodwill	-918.41	-918.41	-	-	-	-
Gain (Loss) on Sale of Investments	595.91	479.85	-1,121	-459.23	-146.58	672.79
Gain (Loss) on Sale of Assets	0.63	38.47	-41.42	-79.83	-40.43	2.71
Asset Writedown	-148.21	-315.81	-73.85	-101.87	-1,008	-31.85
Other Unusual Items	1,110	1,110	2,536	2,455	1,968	1,029
Pretax Income	-1,338	-3,954	5,052	1,057	17,510	5,735
Income Tax Expense	506.94	202.34	271.04	-731.01	2,593	670.1
Earnings From Continuing Operations	-1,845	-4,156	4,781	1,788	14,917	5,065
Earnings From Discontinued Operations	-	-	-	-	58.3	-
Net Income to Company	-1,845	-4,156	4,781	1,788	14,976	5,065
Minority Interest in Earnings	4,930	5,720	-2,566	-1,527	-4,911	-677.05
Net Income	3,086	1,564	2,215	261.32	10,064	4,388
Net Income to Common	3,086	1,564	2,215	261.32	10,064	4,388
Net Income Growth	44.94%	-29.38%	747.60%	-97.40%	129.35%	67.63%
Shares Outstanding (Basic)	18,888	18,576	18,533	15,055	14,825	14,340
Shares Outstanding (Diluted)	19,117	18,779	18,779	15,559	15,044	14,965
Shares Change (YoY)	1.78%	-	20.70%	3.42%	0.53%	0.56%
EPS (Basic)	0.16	0.08	0.12	0.02	0.68	0.31
EPS (Diluted)	0.16	0.08	0.12	0.02	0.67	0.29
EPS Growth	42.47%	-29.35%	601.79%	-97.49%	127.92%	66.74%
Free Cash Flow	24,832	5,834	-4,260	-22,336	2,023	-16,387
Free Cash Flow Per Share	1.30	0.31	-0.23	-1.44	0.13	-1.09
Dividend Per Share	0.050	0.050	0.080	-	0.136	0.109
Dividend Growth	-37.50%	-37.50%	-	-	25.02%	20.02%
Gross Margin	9.77%	8.73%	12.15%	6.98%	18.73%	13.14%
Operating Margin	0.19%	-0.93%	3.12%	-1.63%	10.01%	4.06%
Profit Margin	1.73%	0.95%	1.27%	0.16%	6.15%	5.71%
Free Cash Flow Margin	13.96%	3.54%	-2.44%	-13.41%	1.24%	-21.33%
EBITDA	31,306	25,979	28,365	18,053	32,803	12,687
EBITDA Margin	17.60%	15.75%	16.26%	10.83%	20.05%	16.51%
D&A For EBITDA	30,964	27,514	22,914	20,763	16,422	9,571
EBIT	341.66	-1,535	5,450	-2,711	16,382	3,117
EBIT Margin	0.19%	-0.93%	3.12%	-1.63%	10.01%	4.06%
Effective Tax Rate	-	-	5.37%	-	14.81%	11.68%
Revenue as Reported	177,896	164,963	174,446	166,632	163,808	76,830
Advertising Expenses	-	237.11	272.07	298.42	58.93	34.54

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.