TCL Technology Releases 2024 Annual Performance Forecast

TCL Technology released its 2024 annual performance forecast on the evening of January 24. It is expected that the operating income in 2024 will be 160 billion to 170 billion yuan, a year-on-year decline of about 3%-8%; the net profit attributable to shareholders of the listed company will be 1.53 billion to 1.76 billion yuan, a year-on-year decline of 20%-31%. Despite the decline in overall performance, TCL Technology's semiconductor display business achieved a significant increase in profits in 2024, and the full-year net profit is expected to exceed 6 billion yuan.