TCL Zhonghuan Renewable Energy Technology Co.,Ltd. (SHE:002129)

SHE:002129 Financials Overview

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

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022
Revenue Revenue Growth	29,498	29,050	28,419	59,146	67,010	41,105
Revenue Growth	19.98%	2.22%	-51.95%	-11.73%	63.02%	115.70%
Gross Profit Gross Profit Growth	-4,544	-4,403	-5,927	9,939	10,716	8,326
Operating Income Operating Income Growth	-7,277	-7,331	-8,806	6,170	6,319	5,129
Net Income Net Income Growth	-9,004	-9,264	-9,818	3,416	6,819	4,030
Earnings Per Share EPS Growth	-2.25	-2.32	-2.46	0.85	1.69	1.05
EPS Growth	-	-	-	-49.74%	60.94%	249.14%

Revenue by Segment

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Fiscal Year	FY 2025
Period Ending	Dec 31, 2025
Intersegment Offset Intersegment Offset Growth	-897.06
Semiconductor Materials Semiconductor Materials Growth	5,761
Other Other Growth	1,127
Photovoltaic Power Plant Photovoltaic Power Plant Growth	1,303
Photovoltaic Products Photovoltaic Products Growth	21,756
Total Total Growth	29,050

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022
Cash & Investments Cash & Investments Growth	11,136	13,104	15,274	13,967	15,614	12,530
Total Debt Total Debt Growth	57,706	58,376	57,656	46,096	40,169	22,326
Net Cash (Debt) Net Cash Growth	-46,570	-45,271	-42,382	-32,128	-24,554	-9,796
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-11.65	-11.33	-10.63	-8.01	-6.10	-2.56

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022
Operating Cash Flow Operating Cash Flow Growth	957.41	1,144	2,839	5,181	5,057	4,282
Capital Expenditures CapEx Growth	-4,938	-5,379	-6,952	-12,163	-11,213	-6,102
Free Cash Flow Free Cash Flow Growth	-3,981	-4,235	-4,113	-6,982	-6,156	-1,821
Free Cash Flow Growth	-	-	-	-	-	-

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022
Gross Margin	-15.40%	-15.15%	-20.86%	16.80%	15.99%	20.26%
Operating Margin	-24.67%	-25.24%	-30.99%	10.43%	9.43%	12.48%
Pretax Margin	-33.37%	-35.05%	-38.55%	7.68%	11.12%	12.16%
Profit Margin	-30.52%	-31.89%	-34.55%	5.78%	10.18%	9.80%
FCF Margin	-13.49%	-14.58%	-14.47%	-11.80%	-9.19%	-4.43%

Dividends

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Fiscal Year	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022
Dividend Per Share Dividend Per Share Growth	0.260	0.080	0.088
Dividend Per Share Growth	225.00%	-9.40%	83.96%
Dividend Yield	1.72%	0.27%	0.27%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022
PE Ratio	-	-	-	18.36	17.75	33.39
Forward PE	-	163.75	163.75	6.51	15.25	34.27
PS Ratio	1.18	1.19	1.26	1.06	1.81	3.27

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jul 30, 2026

Data Sources Report a data error