"Tianfeng Securities" predicts that TCL Electronics' performance in 2025 will exceed expectations and has raised its earnings forecast

AASTOCKS
2026.01.21 02:37

Tianfeng Securities published a report stating that TCL Electronics (01070.HK) forecasts its adjusted net profit for the fiscal year 2025 to be between RMB 2.33 billion and RMB 2.57 billion, representing a year-on-year growth of 45% to 60%.

The firm believes that the lower limit of the forecast corresponds to the previous company's equity incentive assessment target, indicating that the 2025 performance will exceed market expectations. Based on the better-than-expected performance in 2025, the firm believes that there is a high likelihood of achieving the assessment target of RMB 2.81 billion in 2026.

Due to the company's earnings surprise announcement exceeding expectations, the firm has raised its adjusted net profit forecasts for TCL Electronics for 2025 to 2027 to RMB 2.47 billion, RMB 2.88 billion, and RMB 3.45 billion, respectively, from previous estimates of RMB 2.34 billion, RMB 2.84 billion, and RMB 3.35 billion, corresponding to dynamic price-to-earnings ratios of 11.1 times, 9.5 times, and 8 times, maintaining a "Buy" rating

Source: AASTOCKS The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
© 2026 Longbridge｜Disclaimer