TCL Midyear: Expected loss of 8.2 billion to 9.6 billion yuan in 2025.

In the announcement from TCL, it is expected that the net loss attributable to shareholders of the listed company for the year 2025 will be between 8.2 billion and 9.6 billion RMB, compared to a loss of 9.818 billion RMB in the same period last year. The net loss, after deducting non-recurring gains and losses, is expected to be between 8.6 billion and 9.8 billion RMB, compared to a loss of 10.9 billion RMB in the same period last year. During the reporting period, the newly installed capacity of photovoltaics continued to grow, but overall supply and demand remained imbalanced. The industry continues to linger at the bottom of the cycle, with product prices in the main industry chain adjusting at low levels and insufficient transmission. The company's operations continue to be under pressure.