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TCL Smart Home Appliances Grows 2024 Profit by 30%, Revenue Rises 21%
TCL Smart Home (002668): TCL Hefei's net margin continues to improve, and overseas private label significantly increases.
Event: The company released its annual report for 2024. The company achieved total operating income of 18.361 billion yuan in 2024, a year-on-year increase of 20.96%; it achieved net income attributable to the parent company of 1.019 billion yuan, a year-on-year increase of 29.58%. Among them,
TCL Smart Home (002668) 2024 annual report review: Q4 performance exceeded expectations, TCL's washing and refrigeration profitability starts to improve.
Report Introduction: The company's performance in Q4 2024 exceeded expectations, the subsidiary of Aoma Refrigerator is profitable and stable, and the overseas self-branded TCL washing machines are growing rapidly. Bullish on the subsequent profit improvement of TCL washing machines bringing performance increments. Investment Highlights: Upgrading profit forecasts.
TCL Smart Home (002668): Exports continue to perform well, and Operation efficiency drives profit improvement.
The company announced its 2024 annual report: The revenue for 2024 is 18.361 billion yuan, a year-on-year increase of +20.96%; the net income attributable to shareholders is 1.019 billion yuan, a year-on-year increase of +29.58%. Corresponding Q4 revenue is 44.
TCL Smart Home: 2024 Annual Report Summary
TCL Smart Home: 2024 Annual Report