TCL科技:2026年第一季度报告（英文版）

First Quarter 2026 Report of TCL Technology Group Corporation

Stock Code: 000100 Stock Abbr.: TCL TECH. Announcement No.: 2026-033

TCL科技集团股份有限公司

TCL Technology Group Corporation

First Quarter 2026 Report

April 2026

1First Quarter 2026 Report of TCL Technology Group Corporation

Content

Section I Important Notices and Definitions ......... 3

Section II Key Financial Information ................ 5

Section III Management Discussion and Analysis .......7

Section IV Use of the Capital Raised ................12

Section V Shareholder Information .................. 13

Section VI Quarterly Financial Statements ...........16

2First Quarter 2026 Report of TCL Technology Group Corporation

Section I Important Notices and Definitions

The Board of Directors (or the "Board") the directors and senior management

of TCL Technology Group Corporation (hereinafter referred to as the "Company")

hereby guarantee that this quarterly report is factual accurate and complete and

shall be jointly and severally liable for any misrepresentations misleading

statements or material omissions therein.Mr. Li Dongsheng the person-in-charge of the Company Ms. Li Jian the

person-in-charge of financial affairs (Chief Financial Officer) and Ms. Jing

Chunmei the person-in-charge of the financial department hereby guarantee that

the financial statements in this Report are factual accurate and complete.All of the Company's directors attended the Board meeting for the review of

this First Quarter 2026 Report.The future plans development strategies or other forward-looking statements

mentioned in this Report shall NOT be considered as promises of the Company to

investors. Therefore investors are kindly reminded to pay attention to possible

investment risks.This Report has not been audited. This Report has been prepared in both

Chinese and English. Should there be any discrepancies or misunderstandings

between the two versions the Chinese version shall prevail.

3First Quarter 2026 Report of TCL Technology Group Corporation

Definitions

Term Refers to Definition

The "Company" the "Group"

Refers to TCL Technology Group Corporation

"TCL TECH." or "we"

Reporting Period Refers to The period from January 1 2026 to March 31 2026.TCL CSOT Refers to TCL China Star Optoelectronics Technology Co. Ltd.TCL Zhonghuan Renewable Energy Technology Co. Ltd. a majority-owned

TZE Refers to subsidiary of the Company listed on the Shenzhen Stock Exchange (stock code:

002129.SZ)

Zhonghuan Advanced Refers to Zhonghuan Advanced Bandaoti Technology Co. Ltd.Moka Technology Refers to Moka International Limited

TPC Refers to Tianjin Printronics Circuit Corporation a majority-owned subsidiary of theCompany listed on the Shenzhen Stock Exchange (stock code: 002134.SZ)

Highly Refers to Highly Information Industry Co. Ltd. a holding subsidiary of the Companylisted on the National Equities Exchange and Quotations

Chuangke Photoelectrics Refers to Hunan Chuangke Photoelectrics Co. Ltd.DKE Refers to DKE Holding Company Limited

CSRC Refers to The China Securities Regulatory Commission

SZSE Refers to Shenzhen Stock Exchange

RMB Refers to Renminbi

4First Quarter 2026 Report of TCL Technology Group Corporation

Section II Key Financial Information

(I) Key accounting data and financial indicators

Indicate whether there is any retrospectively adjusted or restated datum in the table below

□Yes ?No

Q1 2026 Q1 2025 Change (%)

Operating revenue (RMB) 43454292275 40075565888 8.43%

Net profits attributable to the

1556452595101257683653.71%

company's shareholders (RMB)

Net profits attributable to the

company's shareholders after

115484788295766883220.59%

non-recurring gains and losses

(RMB)

Net cash generated from

1139475685612074907584-5.63%

operating activities (RMB)

Basic earnings per share

0.06920.054526.97%

(RMB/share)

Diluted earnings per share

0.06820.053926.53%

(RMB/share)

Weighted average return on Increased by 0.56 percentage

2.47%1.91%

equity (%) points YoY

March 31 2026 December 31 2025 Change (%)

Total assets (RMB) 366410203352 372738314312 -1.70%

Equity attributable to

shareholders of the Company 63684356235 61432756524 3.67%

(RMB)

(II) Non-recurring profit and loss items and amount

?Applicable □Not applicable

Unit: RMB

Item Amount in the Reporting Period

Gains and losses on disposal of non-current assets (inclusive of

43261132

impairment allowance write-offs)

Public grants charged to current gains and losses (except for public

grants that are closely related to the Company's daily operations

comply with national policies are granted based on determined 616591592

standards and have a continuous impact on the Company's gains and

losses)

The profits or losses generated from changes in fair value arising

from financial assets and financial liabilities held by non-financial

enterprises and the profits or losses from the disposal of such

19423

financial assets and financial liabilities except for the effective

hedging business related to the company's normal business

operations

Non-operating income and expenses other than the above 142961493

Less: Amount affected by income tax 99919613

Amount affected by equity of minority shareholders (net of tax) 301309314

Total 401604713

5First Quarter 2026 Report of TCL Technology Group Corporation

Details of other profit and loss items that meet the definition of non-recurring profits and losses:

□Applicable ?Not applicable

The Company has no other profit and loss items that meet the definition of non-recurring profits and losses.Notes on non-recurring profit and loss items that are listed in the Explanatory Announcement No. 1 on Information Disclosure for

Companies Offering Their Securities to the Public—Non-Recurring Gain/Loss shall be used to define Recurring Gain/Loss items

□Applicable ?Not applicable

The Company does not have any non-recurring profit and loss items listed in the Explanatory Announcement No. 1 on Information

Disclosure for Companies Offering Their Securities to the Public—Non-Recurring Gain/Loss that are defined as recurring profit

and loss items.(III) Changes in key accounting data and financial indicators and reasons for such changes

?Applicable □Not applicable

Increase/decrease

Balance Sheet items Ending balance Beginning balance Reasons for changing

ratio (%)

Held-for-trading Mainly due to the increase in wealth

250934113531447319313173%

financial assets management products

Other non-current Mainly due to the equity transfer

1121215728318311725167-39%

assets completed during the Reporting Period

Income Statement Increase/decrease

Current balance Prior balance Reasons for changing

items ratio (%)

Mainly due to the increase in share of

Return on investment 771371339 410385564 88%

profit from associates

Gain on changes in Mainly due to the changes in fair value

36486241226479296338%

fair value of investments

Cash Flow Statement Increase/decrease

Current balance Prior balance Reasons for changing

items ratio (%)

Net cash generated

Mainly due to the increase in proceeds

from investing -10586883805 -29606911388 64%

from disinvestments

activities

Net cash generated

Mainly due to the decrease in financing

from financing -6786894329 20775743981 -133%

activities during the Reporting Period

activities

6First Quarter 2026 Report of TCL Technology Group Corporation

Section III Management Discussion and Analysis

I. Overall Operating Performance of the Company During the Reporting Period

Since the start of the year escalating international geopolitical conflicts and surging upstream

energy prices have reignited upward pressure on inflation. Against this backdrop the momentum

of global economic growth has weakened with macroeconomic uncertainties increasing

substantially. In the face of external challenges the Company focused on three key business

pillars including displays new energy photovoltaics and other silicon materials. We

continuously strengthened the operations barriers characteristic of high-tech heavy-asset and

long-cycle industries anchored our leading strategy and pursued sustainable high-quality

development.During the Reporting Period the Company achieved operating revenue of RMB 43.45 billion

represented a year-on-year increase of 8.4%. Net profit attributable to shareholders of the

Company amounted to RMB 1.56 billion represented a substantial year-on-year surge of 53.7%

while operating cash flow reached RMB 11.39 billion. As of the end of the Reporting Period the

Company's debt-to-asset ratio stood at 65.0% an increase of 0.8 percentage points from the end

of the previous reporting period; cash and cash equivalents at the end of the Reporting Period

were RMB 20.60 billion.II. Operations Performance of the Company's Core Businesses During the Reporting Period

The Company was deeply engaged in leading edge manufacturing industries characterized by

high technology heavy assets and long cycles with displays new energy photovoltaics and other

silicon materials at its core and continuously promoted technological innovation and industrial

advancement supporting the strategic goals of global leadership.(I) Display Business

1. TCL CSOT

In Q1 2026 the supply-demand dynamics of the global LCD panel industry improved

remarkably. The overall health of the industry enhanced and it was entering a track of sound

development. On the demand side the market demand remained resilient supported by inventory

stocking in preparation for the FIFA World Cup and the continued implementation of China's

trade-in policy. TV panel prices generally rose this quarter while prices for monitor and

notebook panels remained stable. However following the second round of price increases by

7First Quarter 2026 Report of TCL Technology Group Corporation

smartphone brands there was a risk of a phased slowdown in end-user demand. On the supply

side the industry maintained a strategy of on-demand production and precise capacity control

effectively aligning with market rhythms and maintaining a dynamic supply-demand balance

laying a solid foundation for stable operation and sustainable development.During the Reporting Period TCL CSOT achieved steady growth driven by its

balanced business layout. In the first quarter it recorded operating revenue of RMB 25.18

billion and net profit of RMB 1.85 billion with net profit attributable to shareholders of

TCL TECH. reached RMB 1.56 billion.In the large-sized display field TCL CSOT maintained a leading global position in

comprehensive competitiveness and profitability with its status as an industry leader

further consolidated. The Company continued to promote high-end TV solutions centered on

HVA Ultra technology leading the ultra-large-sized and high-end markets with picture quality

that transcended the limits of human visual perception.In the medium-sized display segment the business maintained rapid growth with both

market share and core competitiveness enhanced simultaneously. MNT maintained its global

No.?2 ranking with its market share rising by 3% year-on-year; meanwhile its e-sports monitors

continued to hold the world's No.?1 position. Leveraging its technological advantages in HVA and

HFS the Company has been the official strategic display equipment partner of the Intel Master

Challenge for three consecutive years. The notebook and vehicle-mounted segments also achieved

robust growth. Global notebook panel shipments rose to No.?4 worldwide while LTPS vehicle-

mounted panel shipment area surged to No.?1 globally marking a leapfrog breakthrough.In the small-sized display sector the Company focused on the mid-to-high-end market

with continuously enhanced product competitiveness. Boasting high image quality and low

power consumption Super Pixel technology has been widely adopted in the flagship models of

the world's leading smartphone brands on a large scale and was rapidly expanding to cover a

broader range of product lines.The specialized display business further optimized its industrial layout through mergers

acquisitions and strategic cooperation. TCL CSOT completed the strategic acquisition of

Chuangke Photoelectrics integrated superior resources and drove integrated innovation in

display and optoelectronic technologies. Joining forces with partners such as DKE it advanced

the e-paper module projects thereby filling gaps in the medium-sized specialized display

portfolio and accelerating the large-scale standardized application of e-paper across diverse

scenarios.

8First Quarter 2026 Report of TCL Technology Group Corporation

In terms of cutting-edge technology layout the industrialization process of two strategic

tracks — printed OLED and MLED — advanced steadily.The construction of Guangzhou G8.6 printed OLED production line (t8 Project) progressed

as planned. The main factory building is expected to be topped out in the second quarter with the

move-in of main equipment to commence in the fourth quarter. The yield and quality of products

from the Wuhan G5.5 printed OLED production line (t12) continued to improve. Medical display

products have already achieved stable mass production and IT category products will enter mass

production in the third quarter. In addition the Company in partnership with a world-leading

brand unveiled a rollable display concept notebook. Its 16-inch screen can be seamlessly

extended to 21.5 or 23.8 inches fully demonstrating the enormous potential of printed OLED

technology in driving next-generation display form factor innovation.The full-chain layout of MLED was further improved. During the Reporting Period the

equity transfer between the Company and Fujian Electronics & Information (Group) Co. Ltd. for

Fujian Zhaoyuan Optoelectronics Co. Ltd. was completed successfully which was renamed

Fuzhou Huazhao Optoelectronics Co. Ltd. This acquisition enables vertical integration from LED

chips to display modules which will further accelerate the large-scale implementation and

penetration of Mini/Micro LED in scenarios such as ultra-large-screen TVs commercial displays

and intelligent vehicle-mounted cockpits.During the Reporting Period TCL CSOT continuously optimized its global industrial

layout and built a highly resilient and reliable global supply chain system with overseas

business maintaining steady growth. Operations at the Indian base for TV and vehicle-mounted

displays have advanced steadily with ongoing improvements in operating efficiency. At the

Vietnamese base IT products have entered stable mass production and shipment further

enhancing overseas delivery capacity and customer service standards.Looking ahead as industry concentration continues to rise and the supply-side landscape

keeps optimizing the industry's ability to maintain stable profitability will be further strengthened.As an industry leader TCL CSOT will uphold the dual? engine strategy of "technological

innovation" and "brand value" continuously strengthen its leading position in the global display

industry and drive high? quality development across the sector.

2. Moka Technology

Moka Technology specializes in the ODM business for intelligent display terminal products

such as TVs monitors and commercial displays and is the world's largest TV ODM

manufacturer. In Q1 2026 Moka Technology achieved operating revenue of RMB 4.58 billion.

9First Quarter 2026 Report of TCL Technology Group Corporation

Its shipment volume of TV ODM business remained the top globally; the shipment volume of

monitor ODM increased by 12% year on year ranking fourth globally.(II) New Energy Photovoltaics Business

During the Reporting Period the Company's photovoltaic materials business focused on

enhancing its competitive edge by aligning production with actual demand pursuing stringent

cost efficiency and further optimizing its flexible supply chain system. It achieved cost

reductions through technological iteration and process improvement while tightly controlling

manufacturing expenses and various period costs by implementing end-to-end lean organizational

processes. By further deepening cooperation with strategic customers and strengthening product

differentiation advantages the Company's photovoltaic materials achieved a shipment volume of

25GW.

The Company's photovoltaic cell and module business pursued a dual approach of organic

growth and external acquisitions to continuously enhance its business capabilities. During the

Reporting Period the Company's module shipment reached 2.9GW a year-on-year increase of

over 50%. The Company was successively shortlisted and won bids for centralized procurement

projects of central state-owned enterprises making certain breakthroughs in the central and state-

owned enterprise business sector. Meanwhile the Company actively seized opportunities at the

bottom of the industry cycle promoted the vertical extension and horizontal expansion of its

industrial chain through external acquisitions thereby addressing business shortcomings.(III) Other Silicon Materials Business

In line with its strategic goal of global leadership the Company's silicon materials business

actively responded to key industrial transformation opportunities. It consolidated the competitive

advantages of its power products bolstered the competitiveness foundation for high-value

products and actively expanded overseas business to create differentiated competitiveness.During the Reporting Period the production and sales scale of the silicon materials business

continued to expand achieving operating revenue of RMB 1.44 billion a year-on-year increase of

8.5% with all operational activities advancing steadily.

(IV) Non-core business

10First Quarter 2026 Report of TCL Technology Group Corporation

During the Reporting Period Tianjin Printronics Circuit and Highly maintained stable

operations across their core businesses while their financial and investment segments continued

to generate steady earnings.Facing a severe and complex external environment the Company will embrace the spirit of

"Forging Ahead to Conquer New Challenges". By adhering to the operational philosophy of

"Strategic Leadership Innovation-Driven Advanced Manufacturing and Global Operations" the

Company will seize the historic opportunities presented by the advancement of the leading edge

manufacturing industry and transformation of the global energy structure to achieve sustainable

high-quality development and move toward global leadership.

11First Quarter 2026 Report of TCL Technology Group Corporation

Section IV Use of the Capital Raised

□Applicable ?Not applicable

There was no instance of utilization of raised capital during the Reporting Period.

12First Quarter 2026 Report of TCL Technology Group Corporation

Section V Shareholder Information

(I) Table of the total number of ordinary shareholders and the number of preferred shareholders with

resumed voting rights as well as the shareholdings of the top 10 shareholders

Unit: share

Total number of preferred shareholders with

Total number of ordinary shareholders by

614385 resumed voting rights by the end of the Reporting 0

the end of the Reporting Period

Period

Shareholdings of top 10 shareholders of ordinary shares (excluding the lending of shares under refinancing)

Number of Shares in pledge marked or

Shareholding

Nature of Number of restricted frozen

Name of shareholder percentage

shareholder shares held ordinary

(%)

shares held Status Number

Li Dongsheng Not applicable 0

Ningbo Jiutian Domestic

Liancheng Equity individual/Domestic 6.09% 1266680807 674839553

Investment general legal entity In pledge 153100000

Partnership (Limited

Partnership)

Shenzhen Major

Industrial

Public legal entity 4.74% 986292106 986292106 Not applicable 0

Development Phase I

Fund Co. Ltd.Hong Kong

Securities Clearing Foreign legal entity 3.78% 785681678 0 Not applicable 0

Company Ltd.Huizhou Investment

Public legal entity 2.58% 535767694 0 Not applicable 0

Holding Co. Ltd.Wuhan Optics Valley

Industrial Investment Public legal entity 1.20% 249848896 0 In pledge 124000000

Co. Ltd.Perseverance Asset

Management

Fund wealth

Partnership (Limited

management 0.90% 188000000 0 Not applicable 0

Partnership) - Gaoyi

product etc.Xiaofeng No. 2

Zhixin Fund

Bank of China

Limited - Huatai- Fund wealth

Pinebridge CSI management 0.86% 179276240 0 Not applicable 0

Photovoltaic Industry product etc.ETF

TCL Technology

Group Corporation- Fund wealth

2025 Employee management 0.84% 174747985 0 Not applicable 0

Stock Ownership product etc.Plan

Industrial and

Commercial Bank of Fund wealth

China - Huatai- management 0.80% 167406726 0 Not applicable 0

Pinebridge CSI 300 product etc.ETF

Shareholdings of top 10 non-restricted ordinary shareholders (excluding the lending of shares under refinancing and restricted shares

held by senior management)

13First Quarter 2026 Report of TCL Technology Group Corporation

Type of shares

Name of shareholder Number of non-restricted shares held

Type of shares Quantity

RMB-

Hong Kong Securities Clearing Company denominated

785681678785681678

Ltd. ordinary

Li Dongsheng RMB-

denominated

Ningbo Jiutian Liancheng Equity Investment 591841254 591841254ordinary

Partnership (Limited Partnership) shares

RMB-

denominated

Huizhou Investment Holding Co. Ltd. 535767694 535767694

ordinary

RMB-

Wuhan Optics Valley Industrial Investment denominated

249848896249848896

Co. Ltd. ordinary

RMB-

Perseverance Asset Management Partnership

denominated

(Limited Partnership) - Gaoyi Xiaofeng No. 188000000 188000000

ordinary

2 Zhixin Fund

RMB-

Bank of China Limited - Huatai-Pinebridge denominated

179276240179276240

CSI Photovoltaic Industry ETF ordinary

RMB-

TCL Technology Group Corporation-2025 denominated

174747985174747985

Employee Stock Ownership Plan ordinary

RMB-

Industrial and Commercial Bank of China - denominated

167406726167406726

Huatai-Pinebridge CSI 300 ETF ordinary

RMB-

Abu Dhabi Investment Authority – Own denominated

166363472166363472

funds ordinary

Among the top 10 shareholders Mr. Li Dongsheng and Ningbo

Jiutian Liancheng Equity Investment Partnership (Limited

Partnership) became persons acting in concert by signing the

Note on the above shareholders' associations or concerted Agreement on Concerted Action. Mr. Li Dongsheng holds

actions 899786071 shares and Ningbo Jiutian Liancheng Equity Investment

Partnership (Limited Partnership) holds 366894736 shares

representing 1266680807 shares in total and becoming the largest

shareholder of the Company.At the end of the Reporting Period Wuhan Optics Valley Industrial

Explanation of the top 10 ordinary shareholders participating

Investment Co. Ltd. among the shareholders above held certain

in securities margin trading (if any)

shares of the Company through a credit security account.Note: The shareholder listed above as TCL Technology Group Corporation-2025 Employee Stock Ownership Plan represents the securities account

for the Company's employee stock ownership plan. The shares held under this account are subject to a 12-month lock-up period commencing from

November 6 2025 during which no trading shall be conducted.Participation of shareholders holding more than 5% the top 10 shareholders and the top 10 non-restricted shareholders in the

lending of shares under the refinancing business

□Applicable ?Not applicable

14First Quarter 2026 Report of TCL Technology Group Corporation

Change in the top 10 shareholders and the top 10 non-restricted shareholders due to securities lending/returning under refinancing

as compared to the previous period

□Applicable ?Not applicable

(II) Total number of preferred shareholders and shareholdings of the top 10 preferred shareholders

□Applicable ?Not applicable

IV. Other Significant Events

?Applicable □Not applicable

1. The Company plans to acquire the 45% equity interest in Guangzhou China Star Optoelectronics Bandaoti Display

Technology Co. Ltd. held in aggregate by Guangdong Hengjian Investment Holding Co. Ltd. Guangzhou Chengfa

Xingguang Investment Partnership (Limited Partnership) and Science City (Guangzhou) Investment Group by way of

share issuances and cash payments.On March 30 2026 the Company convened the 21st meeting of the 8th Board of Directors at which it reviewed and

approved proposals including the Report (Draft) on Asset Purchase via Share Issuance and Cash Payment and Raising of

Supporting Funds of TCL Technology Group Corporation. The Company proposes to acquire through share issuance and cash

payment the 45% equity interest in Guangzhou China Star Optoelectronics Bandaoti Display Technology Co. Ltd.(corresponding to a registered capital of RMB 7.875 billion) held by Guangdong Hengjian Investment Holding Co. Ltd.Guangzhou Chengfa Xingguang Investment Partnership (Limited Partnership) and Science City (Guangzhou) Investment Group

Co. Ltd. and to raise supporting funds concurrently.The above matters were reviewed and approved at the Company's 2025 Annual General Meeting held on April 24 2026 and

the Company is proceeding with the relevant matters in an orderly manner.

15First Quarter 2026 Report of TCL Technology Group Corporation

Section VI Quarterly Financial Statements

(I) Financial statements

1. Consolidated Balance Sheet

Prepared by: TCL Technology Group Corporation

Unit: RMB

Item Ending balance Beginning balance

Current assets:

Cash and cash equivalents 21787856313 30460060493

Held-for-trading financial assets 25093411353 14473193131

Derivative financial assets 45325549 78957405

Notes receivable 199089202 480225462

Accounts receivable 20244993133 22153002606

Receivables financing 284671277 625788752

Prepayments 2847204113 1909443641

Other receivables 3283717482 3500621513

Including: Dividends receivable 2807610 424441285

Inventories 20357706451 18370708289

Contract assets 385518416 385576416

Held-for-sale assets 363065629

Non-current assets due within one year 2088309443 1564945242

Other current assets 8475150063 8411623798

Total current assets 105092952795 102777212377

Non-current assets:

Debt investments 576326999 578158579

Long-term receivables 91207095 120628033

Long-term equity investments 23738591438 23349193104

Investments in other equity instruments 176335401 356455767

Other non-current financial assets 3629853342 3172659077

Investment properties 432939269 401873017

Property Plant and equipment 162600655432 165003155646

Construction in progress 17930431670 16176848470

Right-of-use assets 4483953814 6189174496

Intangible assets 18416559958 18467310369

Development costs 1120135105 1204955478

Goodwill 11436177181 11409749045

Long-term deferred expenses 2486902673 2282883407

Deferred tax assets 2985023897 2936332280

Other non-current assets 11212157283 18311725167

Total non-current assets 261317250557 269961101935

Total assets 366410203352 372738314312

Current liabilities:

Short-term borrowings 9596818988 7552523460

Borrowings from the Central Bank 29887683 29756431

Held-for-trading financial liabilities 254908868 235716703

Derivative financial liabilities 45880973 50434753

Notes payable 7547742980 6465600185

Accounts payable 33540699579 32251944054

Advances from customers 5384384 6823420

16First Quarter 2026 Report of TCL Technology Group Corporation

Contract liabilities 1503491703 2009842277

Customer deposits and deposits from

233298530364713587

other banks and financial institutions

Employee compensation payable 4966799007 4966488419

Taxes and levies payable 1245369984 1238333745

Other payables 17414476170 17715637558

Including: Dividends payable 13248740 48248756

Held-for-sale liabilities 71510148

Non-current liabilities due within one

2982913187830909783775

year

Other current liabilities 1626897874 1662143866

Total current liabilities 107840788601 105531252381

Non-current liabilities:

Long-term borrowings 112266361757 116139349491

Bonds payable 7984166666 7981874250

Lease liabilities 4049730956 4148597798

Long-term payables 1376035211 1388758641

Long-term employee compensation

2144996221605303

payable

Provision for liabilities 238324096 231480076

Deferred income 2814040646 2151175867

Deferred tax liabilities 1657408547 1775607133

Other non-current liabilities 17934506 25635061

Total non-current liabilities 130425452347 133864083620

Total liabilities 238266240948 239395336001

Owner's equity:

Share capital 20800862447 20800862447

Other equity instruments 997630000

Including: Perpetual bonds 997630000

Capital reserves 13810362042 14155724550

Less: Treasury share 1499481826 1503652075

Other comprehensive income -1004023599 -1042359133

Specific reserves 5971438 5597597

Surplus reserves 4096815620 4096815620

General risk reserve 8933515 8933515

Retained earnings 26467286598 24910834003

Total equity attributable to the owners of

6368435623561432756524

the parent company

Non-controlling interests 64459606169 71910221787

Total owners' equity 128143962404 133342978311

Total liabilities and owners' equity 366410203352 372738314312

Legal representative: Person-in-charge of financial affairs: Person-in-charge of the financial

Li Dongsheng Li Jian department: Jing Chunmei

17First Quarter 2026 Report of TCL Technology Group Corporation

2. Consolidated Income Statement

Unit: RMB

Item Amount incurred in the current period Amount incurred in the previous period

I. Total revenue 43477821237 40119483879

Including: Operating revenue 43454292275 40075565888

Interest income 23528962 43917991

II. Total costs 43520098202 40034031513

Including: Operating cost 38023599166 34770303229

Interest expenditures 411121 3394533

Taxes and levies 250796504 235686109

Selling and distribution

598068310569691025

expenses

Administrative expenses 1126319360 1182211685

R&D expenses 2217816895 2141488676

Financial expenses 1303086846 1131256256

Including: Interest expenses 969465736 1227945004

Interest income 56212126 126151505

Add: Other income 321820527 443667749

Return on investment (losses are

771371339410385564

indicated by "-")

Including: Return on investment

515703922309178003

in joint ventures and associates

Exchange gains (losses are

51703754616

indicated by "-")

Gain on changes in fair value

364862412264792963

(losses are indicated by "-")

Credit impairment loss (losses are

-3523177-12143461

indicated by "-")

Asset impairment loss (losses are

-835062580-776773537

indicated by "-")

Asset disposal income (losses are

42034563-822549

indicated by "-")

III. Operating profit (losses are indicated by

619743156414613711

"-")

Add: Non-operating income 7092027 11671427

Less: Non-operating expenses 3201091 41571815

IV. Gross profit (gross loss is indicated by

623634092384713323

"-")

Less: Income tax expenses 15677562 177179324

V. Net profits (net losses are indicated by "-

607956530207533999

(I) Classified by continuity of operations

1. Net profits from continuing

607956530207533999

operations (net losses are indicated by "-")

2. Net profits from discontinued

operations (net losses are indicated by "-")

(II) Classification by ownership

18First Quarter 2026 Report of TCL Technology Group Corporation

1. Net profits attributable to the owner

15564525951012576836

of the parent company

2. Net profit attributable to non-

-948496065-805042837

controlling interests

VI. Other comprehensive income net of tax 68858125 -84831631

Other comprehensive income attributable

to the owners of the parent company net of 38335534 -113612587

tax

(I) Other comprehensive income that

cannot be subsequently reclassified into -10606690 5892927

profits or losses

1. Changes arising from

-7979968-114396

remeasurement of defined benefit plans

2. Other comprehensive income that

cannot be subsequently reclassified into 5829012

profits and losses under the equity method

3. Changes in fair value of

-2626722178311

investments in other equity instruments

4. Changes in fair value of the

enterprise's own credit risks

5. Others

(II) Other comprehensive income that

may subsequently be reclassified into 48942224 -119505514

profits or losses

1. Other comprehensive income that

can be transferred to profits and losses 229697 -107212356

under the equity method

2. Changes in fair value of other debt

investments

3. Amounts of financial assets

reclassified into other comprehensive

income

4. Provisions for credit impairment of

other debt investments

5. Reserves for cash flow hedging -389377

6. Conversion differences in foreign

48712527-11903781

currency financial statements

7. Others

Other comprehensive income attributable

3052259128780956

to non-controlling interests net of tax

VII. Total comprehensive income 676814655 122702368

Total comprehensive income attributable

1594788129898964249

to the shareholders of the parent company

Total comprehensive income attributable

-917973474-776261881

to non-controlling interests

VIII. Earnings per share:

(I) Basic earnings per share 0.0692 0.0545

(II) Diluted earnings per share 0.0682 0.0539

Legal representative: Person-in-charge of financial affairs: Person-in-charge of the financial

Li Dongsheng Li Jian department: Jing Chunmei

19First Quarter 2026 Report of TCL Technology Group Corporation

3. Consolidated Cash Flow Statement

Unit: RMB

Item Amount incurred in the current period Amount incurred in the previous period

I. Net cash generated from operating

activities:

Proceeds from the sale of commodities and

4829495957845174581952

rendering of services

Net increase of deposits from customers

-131454837139860802

banks and other financial institutions

Net increase of borrowings from the

184513784

Central Bank

Cash received from interest service fees

2647442035868326

and commission

Tax and levy rebates 2491906539 1289243738

Cash generated from other operating

36708635823616075374

activities

Sub-total of cash generated from operating

5435274928250440143976

activities

Payments for commodities and services 33986294482 29627034445

Net increase of loans and advances to

118573900

customers

Net increase of deposits with the Central

-4859602282639406

Bank banks and other financial institutions

Cash paid for interest service charges and

484084

commissions

Cash paid to and for employees 3800798164 3432782131

Taxes and levies paid 1016892674 1272574824

Cash used in other operating activities 4202119044 3831631686

Sub-total of cash used in operating activities 42957992426 38365236392

Net cash generated from operating activities 11394756856 12074907584

II. Cash flow generated from investing

activities:

Proceeds from disinvestments 33524542737 21212791964

Proceeds from return on investments 1172246879 671013734

Net proceeds from disposal of fixed assets

2852101213057210

intangible assets and other long-term assets

Cash generated from other investing

4928522244764963

activities

Sub-total of cash generated from investment

3503128495921931627871

activities

Payments for the acquisition and

construction of fixed assets intangible assets 5240054252 5194578467

and other long-term assets

Payments for investments 38482593256 45778264627

Net payments for acquiring subsidiaries

1757431269

and other business units

Cash used in other investing activities 138089987 565696165

Subtotal of cash used in investing activities 45618168764 51538539259

Net cash generated from investing activities -10586883805 -29606911388

III. Cash flow generated from financing

activities:

Capital contributions received 1548453718

20First Quarter 2026 Report of TCL Technology Group Corporation

Including: Capital contributions by non-

550823718

controlling interests to subsidiaries

Borrowings raised 13120757091 35183666808

Cash generated from other financing

2710069482123391

activities

Sub-total of cash generated from financing

1467192087835665790199

activities

Cash paid for debt repayment 15053848171 13246057298

Cash paid for distribution of dividends and

11033632081360514917

profits or repayment of interests

Including: Dividend and profit paid by

8782875

subsidiaries to minority shareholders

Cash used in other financing activities 5301603828 283474003

Subtotal of cash used in financing activities 21458815207 14890046218

Net cash generated from financing activities -6786894329 20775743981

IV. Effect of exchange rate changes on cash

864912878850276

and cash equivalents

V. Net increase in cash and cash equivalents -5970372150 3322590453

Add: Cash and cash equivalents at the

2656580311420861254876

beginning of the period

VI. Cash and cash equivalents at the end of

2059543096424183845329

the period

Legal representative: Person-in-charge of financial affairs: Person-in-charge of the financial

Li Dongsheng Li Jian department: Jing Chunmei

(II) Adjustments to financial statement items at the beginning of the year of the first

implementation of the new accounting standards which have been implemented since

2026

□Applicable ?Not applicable

(III) Auditor's Report

Whether the First Quarter Financial Report has been audited or not

□Yes ?No

The Company's First Quarter Financial Report has not yet been audited.TCL Technology Group Corporation

The Board of Directors

April 29 2026

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