On the evening of August 26, TCL Zhonghuan released its semi-annual report for 2026. For H1, the company achieved operating revenue of Yuan 14.315 billion, representing a year-on-year increase of 6.84%. Net profit attributable to shareholders of the listed company posted a loss of Yuan 3.204 billion, narrowing from the loss recorded in the same period of the previous year. And its basic earnings per share stood at Yuan –0.7925.
In Q2, net profit attributable to shareholders of the listed company recorded a loss of Yuan 1.56 billion, improving by 33% YoY and by 5.4% sequentially on a quarterly basis, while operating cash flow remained consistently positive.
During the reporting period, the new energy photovoltaic business generated sales revenue of Yuan 11.27 billion, up 6.0% YoY, with losses narrowing by 29.6% compared with the first half of 2025. The company's wafer shipments reached 53.9 GW, ranking first in the industry by market share, and EBITDA improved by Yuan 290 million YoY. The module business achieved shipment growth of 29% YoY against market headwinds, with revenue of Yuan 5.29 billion, an increase of approximately 47% YoY, while average selling prices and gross margins both improved compared with the prior-year period.
Edited by Cassie Li, lixiangying@mysteel.com
