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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Operating Revenue	182,559	179,180	160,028	168,870	162,198	163,489
Other Revenue	5,011	5,031	4,935	5,577	4,435	150.08
Revenue	187,569	184,211	164,963	174,446	166,632	163,639
Revenue Growth (YoY)	13.58%	11.67%	-5.44%	4.69%	1.83%	112.99%
Cost of Revenue	167,258	164,005	150,562	153,247	155,009	132,986
Gross Profit	20,311	20,206	14,401	21,199	11,623	30,653
Selling, General & Admin	6,977	7,005	6,500	6,476	5,491	6,313
Research & Development	11,221	11,145	9,433	9,523	8,634	7,236
Other Operating Expenses	1,178	1,041	1,045	32.97	163.62	599.95
Operating Expenses	19,444	19,267	16,971	15,977	14,333	14,272
Operating Income	866.83	938.94	-2,570	5,222	-2,711	16,382
Interest Expense	-4,704	-4,965	-5,074	-4,941	-4,492	-4,160
Interest & Investment Income	3,440	3,148	2,088	3,532	5,455	4,351
Currency Exchange Gain (Loss)	-324.33	-324.79	292.89	138.37	465.79	54.13
Other Non Operating Income (Expenses)	-457.35	-130.77	72.3	-426.97	524.7	110.83
EBT Excluding Unusual Items	-1,179	-1,333	-5,191	3,524	-756.61	16,737
Impairment of Goodwill	-559.74	-559.74	-918.41	-	-	-
Gain (Loss) on Sale of Investments	1,070	970	479.85	-1,121	-459.23	-146.58
Gain (Loss) on Sale of Assets	45.98	3.13	38.47	-41.42	-79.83	-40.43
Asset Writedown	-900.87	-842.58	-315.83	-73.85	-101.87	-1,008
Other Unusual Items	2,197	2,197	1,953	2,764	2,455	1,968
Pretax Income	673.57	434.65	-3,954	5,052	1,057	17,510
Income Tax Expense	59.3	220.8	202.34	271.04	-731.01	2,593
Earnings From Continuing Operations	614.27	213.85	-4,156	4,781	1,788	14,917
Earnings From Discontinued Operations	-	-	-	-	-	58.3
Net Income to Company	614.27	213.85	-4,156	4,781	1,788	14,976
Minority Interest in Earnings	4,446	4,303	5,720	-2,566	-1,527	-4,911
Net Income	5,061	4,517	1,564	2,215	261.32	10,064
Net Income to Common	5,061	4,517	1,564	2,215	261.32	10,064
Net Income Growth	116.57%	188.78%	-29.38%	747.60%	-97.40%	129.35%
Shares Outstanding (Basic)	20,342	19,364	18,576	18,533	15,055	14,825
Shares Outstanding (Diluted)	20,635	19,626	18,779	18,779	15,559	15,044
Shares Change (YoY)	9.83%	4.51%	-	20.70%	3.42%	0.53%
EPS (Basic)	0.25	0.23	0.08	0.12	0.02	0.68
EPS (Diluted)	0.25	0.23	0.08	0.12	0.02	0.67
EPS Growth	97.15%	176.23%	-29.35%	601.79%	-97.49%	127.92%
Free Cash Flow	27,018	27,743	5,834	-4,260	-22,336	2,023
Free Cash Flow Per Share	1.31	1.41	0.31	-0.23	-1.44	0.13
Dividend Per Share	0.090	0.090	0.050	0.080	-	0.136
Dividend Growth	80.00%	80.00%	-37.50%	-	-	25.02%
Gross Margin	10.83%	10.97%	8.73%	12.15%	6.98%	18.73%
Operating Margin	0.46%	0.51%	-1.56%	2.99%	-1.63%	10.01%
Profit Margin	2.70%	2.45%	0.95%	1.27%	0.16%	6.15%
Free Cash Flow Margin	14.40%	15.06%	3.54%	-2.44%	-13.41%	1.24%
EBITDA	32,021	31,365	24,944	28,137	18,053	32,803
EBITDA Margin	17.07%	17.03%	15.12%	16.13%	10.83%	20.05%
D&A For EBITDA	31,154	30,426	27,514	22,914	20,763	16,422
EBIT	866.83	938.94	-2,570	5,222	-2,711	16,382
EBIT Margin	0.46%	0.51%	-1.56%	2.99%	-1.63%	10.01%
Effective Tax Rate	8.80%	50.80%	-	5.37%	-	14.81%
Revenue as Reported	187,569	184,211	164,963	174,446	166,632	163,808
Advertising Expenses	-	375.77	237.11	272.07	298.42	58.93

Source: S&P Global Market Intelligence. Standard template. Financial Sources.