On April 26th, TCL Zhonghuan announced that its operating revenue for 2024 was 28.419 billion yuan, a year-on-year decrease of 51.95%. The net profit attributable to shareholders of the listed company was a loss of 9.818 billion yuan, compared to a net profit of 3.416 billion yuan in the same period last year. The basic earnings per share are -2.46 yuan/share. The company plans not to distribute cash dividends, bonus shares, or convert public reserves into share capital. Affected by the downturn in the photovoltaic industry cycle, coupled with issues with the company’s business strategy, business structure, and some operational decisions, the business performance has deteriorated.
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