TCL Corp

Ruilian New Materials announced it has signed a technology license agreement with Guangzhou CSOT Printed Display Technology Company Limited, officially entering the printed OLED terminal materials track. CSOT Printed Display is affiliated with TCL CSOT, a global leader in printed OLED technology with more than 1,200 related patents. Its 29.5 billion yuan investment in the world's first 8.6-generation printed OLED production line is expected to begin production in 2027. Under the agreement, CSOT Printed Display licenses its relevant patents and technical know-how in the printed OLED materials field to Ruilian New Materials. The company and its subsidiaries may carry out research and development, production, and sales of printed OLED materials within the licensed scope. New technological achievements and intellectual property generated through joint development by both parties will be shared by both parties. In the first quarter of 2026, Ruilian New Materials achieved revenue of 379 million yuan and net profit attributable to the parent company of 43.65 million yuan.

TCL Technology announced during a media interview on July 31 that TCL CSOT, together with TÜV Rheinland and upstream and downstream partners, is jointly promoting the TÜV Rheinland Native Esports High-Performance Display Standard. The aim is to establish an objective, scientific, and consumer-oriented standard system for esports products, putting an end to the current market chaos of inflated specifications. The company noted that while the esports display segment is growing rapidly, unreasonable practices such as inflated specs persist. The new standard will more accurately reflect product performance and meet consumer needs. In addition, the native dual-thousand products jointly launched by TCL CSOT and LG Electronics mark TCL CSOT's official entry into the professional esports field, kicking off the pro esports era. In the first quarter of 2026, TCL Technology achieved revenue of 43.478 billion yuan and net profit attributable to the parent company of 1.556 billion yuan.

TCL Technology's acquisition of a 45% stake in Guangzhou Huaxing Semiconductor has been approved by the Shenzhen Stock Exchange. Under the transaction plan, TCL Technology will directly and indirectly hold a 100% stake in Guangzhou Huaxing Semiconductor upon completion. Guangzhou Huaxing Semiconductor is the operating entity of TCL Huaxing's t9 production line. In the first half of 2026, it achieved operating revenue of 7.926 billion yuan, up 7.40% year-on-year, and net profit of 1.154 billion yuan, up 203.99% year-on-year.

On the evening of July 24, several listed companies released positive announcements. CATL disclosed its 2026 semi-annual report, with first-half revenue reaching 276.917 billion yuan, up 54.8 percent year-on-year, and net profit attributable to the parent company of 43.284 billion yuan, up 41.98 percent year-on-year. It also plans to distribute a cash dividend of 14.11 yuan per 10 shares. At the same time, the company announced plans to buy back shares worth 20 billion to 40 billion yuan for cancellation and reduction of registered capital, with a maximum repurchase price of 573 yuan per share. Hikvision reported first-half revenue of 46.823 billion yuan, up 11.97 percent year-on-year, and net profit attributable to the parent company of 7.896 billion yuan, up 39.57 percent year-on-year, and plans to distribute a cash dividend of 5.5 yuan per 10 shares. Lens Technology's wholly-owned subsidiary, Lens International Hong Kong Limited, signed a memorandum of cooperation with Intel, with both parties focusing on TGV advanced packaging as a key discussion area. Sunwoda's subsidiary, Sunwoda Power, plans to introduce Sungrow and Tianqi Lithium Shehong Limited to jointly invest 805 million yuan for a capital increase. After the capital increase, Sunwoda's stake in Sunwoda Power will decrease from 27.18 percent to 26.38 percent, while retaining control. TCL Technology's acquisition of a 45 percent stake in Guangzhou Huaxing Semiconductor was approved by the Shenzhen Stock Exchange. Upon completion, TCL Technology will directly and indirectly hold 100 percent of Guangzhou Huaxing Semiconductor. In the first half, Guangzhou Huaxing Semiconductor achieved revenue of 7.926 billion yuan and net profit of 1.154 billion yuan, up 203.99 percent year-on-year. In addition, Sany Heavy Industry plans to buy back shares worth 400 million to 800 million yuan for an employee stock ownership plan. Rongda Photosensitive plans a private placement to raise no more than 591 million yuan. Dongfang Electronics plans to invest 2.47 billion yuan to build a smart energy innovation industrial park. Xiamen Tungsten plans to invest 26.5174 million yuan to acquire a 1.3483 percent stake in Jiangxi Jutong to enhance tungsten resource security. Dongcai Technology's project with an annual output of 20,000 tons of electronic materials for high-speed communication substrates is in the trial production stage. Demingli's controlling shareholder and chairman, Li Hu, has committed not to reduce his shareholding in the company within 12 months.

A total of 167 listed companies in Guangdong have disclosed their earnings forecasts for the first half of 2026, accounting for 36% of all listed companies in the region. Nearly half of these companies are projecting rapid growth, over 30% are maintaining profitability with year-on-year net profit growth exceeding 50%, and 20 companies are turning losses into profits. Based on the average of the upper and lower limits of the pre-disclosed net profits, the combined net profit of the 167 companies is approximately 42.87 billion yuan. The total net profit of companies forecasting a profit amounts to 58.09 billion yuan. Fifteen companies expect to earn over 1 billion yuan, with GF Securities anticipating a profit of 11 billion to 12 billion yuan. The electronics sector has become the engine of earnings growth for manufacturing companies. The 25 pre-disclosed electronics companies report a combined net profit of about 12.49 billion yuan. TCL Technology forecasts a profit of 3.7 billion to 3.92 billion yuan, and Shengyi Technology expects a profit of approximately 3.1 billion to 3.3 billion yuan. The lithium battery industry has seen a significant recovery. EVE Energy is forecasting a profit of 3.13 billion to 3.37 billion yuan, a year-on-year increase of about 95% to 110%. Tinci Materials expects a profit of 2.7 billion to 3 billion yuan, with year-on-year growth exceeding nine times.

The Shenzhen electronics sector's first-half 2026 earnings previews are full of highlights, with 56 companies projecting median attributable net profit growth exceeding 50%, and 37 of them exceeding 100%. The semiconductor industry performed especially well, with 15 companies projecting median attributable net profit growth over 50%, and 13 over 100%. TCL Technology expects attributable net profit of 3.7 billion to 3.92 billion yuan, up 96% to 108% year-on-year, with subsidiary TCL CSOT net profit exceeding 3.8 billion yuan. Tongfu Microelectronics expects attributable net profit of 1.6 billion to 1.8 billion yuan, up 288.26% to 336.80%, benefiting from AI computing power buildout and accelerated localization. Wus Printed Circuit expects attributable net profit of 2.83 billion to 3 billion yuan, up 68.17% to 78.28%, with its Thailand subsidiary turning profitable in the second quarter on a single-quarter basis. Changchuan Technology expects attributable net profit of 900 million to 1 billion yuan, up 139.38% to 167.38%, with sales of product lines such as digital testers growing significantly. Konfoong Materials International expects attributable net profit of 480 million to 560 million yuan, up 89.99% to 121.65%, with revenue from semiconductor precision components continuing to grow. Dapu Microelectronics expects operating revenue to increase by 474.73% to 541.56% year-on-year, with attributable net profit of 1.2 billion to 1.35 billion yuan, swinging from a loss to a substantial profit, and its 122-terabyte capacity QLC SSD has achieved commercial deployment.

Two major state-owned capital operation platforms, China Reform Holdings and China Chengtong Holdings, simultaneously announced large-scale increased holdings of A-shares, injecting strong confidence into the capital market. China Reform Holdings' investment arm has already used over 50 billion yuan from special re-lending for stock buybacks and increased holdings along with supporting funds, and will continue to increase holdings in central enterprise stocks. China Chengtong and its affiliated entities have recently purchased nearly 10 billion yuan of state-owned central enterprise and technology company stocks and ETFs, and will continue to make large additional purchases. Driven by this, many central and state-owned enterprises and industry leaders have intensively disclosed buyback and increased holding plans. Among them, the controlling shareholder of China Coal Energy plans to increase holdings by 50 million to 100 million yuan, the controlling shareholder of CRRC Corporation has an increased holding plan of 150 million to 300 million yuan, the chairman of NARI Technology proposed a buyback of 500 million to 1 billion yuan, the controlling shareholder of China State Construction Engineering plans to increase holdings by 500 million to 1 billion yuan, Huayou Cobalt plans a buyback of 600 million to 1 billion yuan, and the chairman of SANY Heavy Industry proposed a buyback of 400 million to 800 million yuan. Since July, nearly 300 listed companies have implemented share buybacks, with cumulative buyback scale exceeding 15 billion yuan. Midea Group, TCL Technology, and Haier Smart Home rank top three in buyback scale, totaling nearly 4.9 billion yuan. Meanwhile, nearly 120 listed companies have seen net increased holdings by significant shareholders, with the chemical sector becoming the main battleground, and Jiangsu Eastern Shenghong receiving over 300 million yuan in increased holdings. Industry insiders point out that this round of concentrated increased holdings and buybacks by central and state-owned enterprises is a medium- to long-term strategic layout based on long-term economic resilience and aimed at fostering new quality productive forces, with cancellation-type buybacks expected to become the mainstream model.

TCL Technology announced that as of July 17, the company had repurchased a total of 239 million shares, accounting for 1.15% of total share capital, with a total repurchase amount of 1.2 billion yuan, at a price range of 4.82 yuan to 5.49 yuan per share. In addition, the company achieved revenue of 43.478 billion yuan in the first quarter of 2026, with net profit attributable to the parent company of 1.556 billion yuan.

TCL Technology confirmed its participation in the strategic placement of ChangXin Memory Technologies' initial public offering, with a total allocated amount of approximately 158 million yuan and 18.2448 million shares allocated. This information was disclosed by TCL Technology on an interactive platform, and the strategic placement is part of the overall IPO issuance.