TCL TECH.(000100) 新京报·2025-04-29 07:17Core Insights - TCL Technology reported a revenue of 164.8 billion yuan and a net profit of 1.56 billion yuan for the year 2024 [1] - In Q1 2024, TCL Technology achieved a revenue of 40.1 billion yuan, a year-on-year increase of 0.4%, and a net profit of 1.01 billion yuan, a significant increase of 322% [1] - The semiconductor display business generated a revenue of 104.3 billion yuan in 2024, reflecting a 25% year-on-year growth, with a net profit of 6.23 billion yuan, an increase of 62.4 billion yuan [1] Company Performance - The semiconductor display business reported a revenue of 27.5 billion yuan in Q1 2024, up 18% year-on-year, and a net profit of 2.33 billion yuan, which is a 329% increase [1] - The quarterly revenue and net profit for the display business reached a three-year high [1] - TCL Technology's operating cash flow net amount was 12.1 billion yuan, an 83% year-on-year increase [1] Industry Trends - The display industry is experiencing an improved supply-side structure, with demand driven by larger sizes and AI applications, leading to enhanced panel demand and value growth [1] - The overall supply-demand relationship in the industry is improving, with mainstream product prices on the rise [1] R&D and Acquisitions - TCL Technology invested 8.87 billion yuan in R&D in 2024, accounting for 5.4% of its revenue [2] - The company accelerated innovation in MLED and successfully achieved mass production of printed OLED [2] - TCL Technology completed the acquisition of LGD's Guangzhou panel and module factory, which will contribute to revenue and profit from Q2 2024 onwards [2]