TPV Technology Co Ltd

TPV Technology released its 2026 interim report. Total operating revenue was 26.639 billion yuan, up 6.79 percent year on year. Net profit attributable to the parent company was a loss of 400 million yuan, an improvement of 92.6066 million yuan compared with the same period last year, with the loss narrowing. Net cash flow from operating activities was negative 2.287 billion yuan. The asset-liability ratio was 82.58 percent, gross margin was 9.37 percent, return on equity was negative 23.92 percent, and diluted earnings per share was negative 0.09 yuan. The company had 136,200 shareholders, and the top ten shareholders held 49.60 percent of total share capital.

TPV Technology has issued its 2026 half-year performance forecast, estimating a net loss attributable to shareholders of the listed company of 350 million to 450 million yuan, compared with a loss of 492 million yuan in the same period last year. The company achieved year-on-year revenue growth, with higher sales volumes and an increased market share. However, due to multiple factors including a sharp rise in raw material prices, higher operating costs from production capacity relocation, and intensifying industry competition that limited the pass-through of selling prices, overall gross margin came under pressure, resulting in a first-half loss. Net profit after deducting non-recurring items is expected to show a loss of 420 million to 540 million yuan, versus a loss of 391 million yuan a year earlier. At its first-quarter 2026 results briefing, the company previously stated that the TV business loss stemmed mainly from weak global consumer electronics demand, persistent industry price wars, shipment volumes falling short of expectations, and the impact of US tariff costs. It has formulated improvement measures such as accelerating high-end product iteration, expanding global customers, and boosting shipment scale, but did not provide a clear timetable for returning to profitability.