TCL Technology Group Corp

TCL Technology Group Corp (000100.SZ) is currently classified as Technology Equipment within Electronic Equipment & Parts (Technology). Classification confidence: 0.92 (verified market data). Capital structure on the latest snapshot: total assets 382,333,540,000 CNY, total equity 52,369,540,000, short-term debt 0, long-term debt 176,929,629,000. Net cash position is approximately -176,929,629,000 CNY. Self-calculated market cap is 95,475,958,632 CNY (market_price × shares_outstanding_diluted). Profitability profile: revenue 40,357,026,220, gross profit 4,969,864,030, operating income -99,745,940, net income 755,242,610. Return on equity ~1.4%. Return on assets ~0.2%. Operating-cash-flow to net-income ratio is 16.73. Risk profile from automated assessment: liquidity risk medium, dilution risk low. Flags: Net cash is negative after subtracting total debt..

TCL Technology Group Corp (000100.SZ) has been formally classified within the Technology sector, specifically under the Technology Equipment activity. This structural update provides a clearer framework for evaluating the company’s operational focus and market positioning. The risk profile for the company has also been established, with dilution risk assessed as low. This suggests that existing shareholders face minimal threat from equity issuance, a factor that can support valuation stability. Conversely, liquidity risk has been categorized as medium. This indicates that while the company is not in immediate distress, investors should monitor its ability to meet short-term obligations and manage cash flow effectively. These assessments are based on data from financial, estimates, and ESG sources [doc:000100.sz-ha-financials] [doc:000100.sz-ha-estimates] [doc:000100.sz-ha-esg]. With three analysts currently covering the stock, these newly defined risk and sector parameters offer a foundational baseline for future financial analysis.

Analysts project 18.8% upside to a mean price target of 5.36, reflecting a consensus buy recommendation from six analysts.

Free cash flow is forecast to surge 229.2% year-over-year to 8.8 billion CNY, marking a significant turnaround from negative flows.

Net income is expected to jump 188.8% to 4.5 billion CNY, driven by improved operating performance in the latest fiscal year.

Revenue growth of 11.7% to 184.2 billion CNY demonstrates strong top-line expansion compared to the prior year's figures.

Cash conversion metrics rank best-in-class at 16.73, significantly outperforming the cohort median of 1.04 in efficiency.

The company carries a high credit risk flag, signaling potential difficulties in meeting financial obligations or servicing debt.

Debt-to-equity ratio stands at 3.38, placing it in the bottom quartile and indicating excessive leverage compared to peers.

Operating margin of -0.25% remains below the cohort median of 4.13%, highlighting persistent challenges in core profitability.

Revenue ¥43.48B, +8,4% YoY; Operating income +49,5% YoY.

• ▍Revenue ¥43.48B, +8,4% YoY
• ▍Operating income +49,5% YoY
• ▍Net income +53,7% YoY
• ▍Net margin 3.6%

Revenue ¥48.15B, +15,1% YoY; Operating income +72,3% YoY.

• ▍Revenue ¥48.15B, +15,1% YoY
• ▍Operating income +72,3% YoY
• ▍Net income +3 689,4% YoY
• ▍Net margin 3.1%

Revenue ¥50.40B, +17,7% YoY; Operating income +159,9% YoY.

• ▍Revenue ¥50.40B, +17,7% YoY
• ▍Operating income +159,9% YoY
• ▍Net income +119,4% YoY
• ▍Net margin 2.3%

Revenue ¥45.54B, +12,8% YoY; Operating income +123,2% YoY.

• ▍Revenue ¥45.54B, +12,8% YoY
• ▍Operating income +123,2% YoY
• ▍Net income +15,3% YoY
• ▍Net margin 1.9%

Revenue ¥41.83B; Operating income -¥2.36B.

• ▍Revenue ¥41.83B
• ▍Operating income -¥2.36B
• ▍Net margin 0.1%

Revenue ¥40.12B; Operating income ¥414.6M.

• ▍Revenue ¥40.12B
• ▍Operating income ¥414.6M
• ▍Net margin 2.5%

Revenue ¥42.83B; Operating income -¥1.17B.

• ▍Revenue ¥42.83B
• ▍Operating income -¥1.17B
• ▍Net margin 1.2%

Revenue ¥40.36B; Operating income -¥99.7M.

• ▍Revenue ¥40.36B
• ▍Operating income -¥99.7M
• ▍Net margin 1.9%

Revenue ¥184.21B, +11,7% YoY; Operating income +111,2% YoY.

• ▍Revenue ¥184.21B, +11,7% YoY
• ▍Operating income +111,2% YoY
• ▍Net income +188,8% YoY
• ▍Free cash flow +229,2% YoY
• ▍Net margin 2.5%

Revenue ¥164.96B, −5,4% YoY; Operating income −180,8% YoY.

• ▍Revenue ¥164.96B, −5,4% YoY
• ▍Operating income −180,8% YoY
• ▍Net income −29,4% YoY
• ▍Free cash flow +5,9% YoY
• ▍Net margin 0.9%

Revenue ¥174.45B, +4,7% YoY; Operating income +1 182,8% YoY.

• ▍Revenue ¥174.45B, +4,7% YoY
• ▍Operating income +1 182,8% YoY
• ▍Net income +747,6% YoY
• ▍Free cash flow +74,0% YoY
• ▍Net margin 1.3%

Revenue ¥166.63B, +1,8% YoY; Operating income −97,7% YoY.

• ▍Revenue ¥166.63B, +1,8% YoY
• ▍Operating income −97,7% YoY
• ▍Net income −97,4% YoY
• ▍Free cash flow −346,5% YoY
• ▍Net margin 0.2%