1. People's Republic of China Stocks

  2. •

    Consumer Cyclical

  3. •

    Furnishings, Fixtures & Appliances
Guangdong TCL Smart Home Appliances Co., Ltd.

Guangdong TCL Smart Home Appliances Co., Ltd.

002668.SZ
Guangdong TCL Smart Home Appliances Co., Ltd.CN flagShenzhen Stock Exchange
10.52
CNY
-0.35
- -
11.40BMarket Cap
Guangdong TCL Smart Home Appliances Co., Ltd.
002668.SZ
(Shenzhen Stock Exchange)

Recent

price

10.52

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
4.79
5.39
4.8
5.39
5.67
5.96
6.42
11.14
7.22
6.94
7.69
8.87
10.8
14.09
16.93
17.16
17.51
Revenue per Share
0.22
0.25
0.23
0.25
0.26
0.34
0.39
0.61
-1.76
0.05
-0.91
-0.07
0.43
0.73
0.94
1.04
1.02
Basic EPS, GAAP
0.19
0.17
-0.44
0.13
0.14
0.57
0.68
-2.02
-0.27
0.99
1.12
0.63
0.03
2.15
1.43
1.63
-0.62
Free Cash Flow per Basic Share
0.02
0.03
0.02
0.02
0.05
0.06
0.07
0.24
0.22
0.27
0.34
0.08
0.03
0.03
0.02
0.02
0.01
Dividend per Share
0.58
0.8
0.92
1.05
1.23
1.48
1.84
3.58
0.69
0.75
-0.17
-0.98
-0.78
-0.05
0.89
1.89
1.49
Book Value per Share
0.7
0.88
1.52
1.62
1.84
1.5
2.04
4.47
2
2.25
1.59
1.16
1.51
1.95
3.02
4.25
4.14
Tangible Book Value per Share
590
593
721
789
786
789
785
625
1,081
1,066
1,085
1,142
1,080
1,078
1,084
1,080
1,078
Basic Weighted Avg Shares
2,829
3,194
3,457
4,257
4,461
4,702
5,041
6,964
7,803
7,393
8,345
10,122
11,663
15,180
18,361
18,531
18,875
Sales/Revenue/Turnover
4.25
6.63
5.47
6.02
5.42
6.24
9.35
10.75
5.74
8.62
9.87
9.2
7.93
11.7
11.85
13.71
12.19
Operating Margin (%)
18
23
39
42
55
75
105
147
234
247
213
163
371
298
348
404
- -
Depreciation Expense
131
146
164
196
203
267
305
381
-1,903
53
-987
-80
464
787
1,019
1,123
1,098
Net Income, GAAP
15.45
15.37
11.87
14.79
14.7
13.63
14.47
11.79
- -
72.66
- -
24.05
11.59
13.53
13.31
16.18
13.14
Effective Tax Rate (%)
4.65
4.56
4.73
4.6
4.55
5.68
6.05
5.48
-24.38
0.72
-11.83
-0.79
3.98
5.18
5.55
6.06
5.82
Profit Margin (%)
180
225
620
678
543
402
563
2,359
-111
1,304
839
551
-413
-169
534
1,551
1,697
Working Capital
- -
80
- -
- -
- -
360
349
1,299
156
1,298
357
31
87
274
245
236
244
LT Debt
447
593
1,172
1,351
1,516
1,799
2,223
3,463
2,357
2,557
1,825
1,509
1,909
2,379
3,542
4,855
4,733
Total Equity
19.94
25.3
16.52
16.4
13.69
12.65
14.39
13.19
- -
4
- -
31.44
32.03
48.61
48.05
40.59
39.1
Return on Invested Capital (%)
32.22
25.08
24.28
23.71
21.03
18.77
11.3
11.71
- -
3.52
- -
-31.21
1.84
6.1
5.73
3.79
4.94
Return on Capital (%)
45.95
35.45
28.64
26.26
22.62
24.99
23.36
20.71
-127.49
6.9
- -
- -
- -
- -
- -
74.58
103.79
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
682
750
707
LT Borrowings
113
120
103
LT Finance Leases
132
130
141
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,084
1,084
1,084
Market Capitalization
14,078
12,496
10,534

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
11,517
11,690
12,153
Cash, Cash Equivalents & STI
3,302
4,103
5,113
Accounts Receivable, Net
3,570
3,569
3,821
Inventories
1,773
1,563
1,366
Total Current Liabilities
10,983
10,582
10,456
Payables & Accruals
- -
- -
- -
ST Debt
682
750
707
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.71%
23.96%
37.06%
Free Cash Flow
538.98%
1,244.2%
13.39%
Net Income, GAAP
-327.92%
-132.79%
10.22%
Sales/Revenue/Turnover
15.36%
17.71%
0.93%
Total Cash Common Dividend
10.94%
-38.44%
-4.17%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4,198
4,764
4,984
4,415
18,361
2025
4,600
4,877
4,185
- -
18,531
2026
4,886
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.21
- -
- -
- -
0.94
2025
0.28
- -
- -
- -
1.04
2026
0.28
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.02
2025
- -
- -
- -
- -
0.02
2026
- -
- -
- -
- -
- -
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Business
Guangdong TCL Smart Home Appliances Co., Ltd. specializes in the research and development, production, and sales of household refrigeration and laundry appliances. Its core products include household refrigerators, chest freezers, combi-frost-free refrigerators, wine cabinets, and washing machines. The company operates primarily within the smart home appliance segment, focusing on AI-enabled home appliances that offer interconnectivity, collaborative operation, and self-learning optimization to enhance user experience and promote smart, healthy living. It serves markets in China and has expanded operations internationally, including a strategic investment in a Southeast Asia production base in Chonburi Province, Thailand, aimed at increasing refrigerator and freezer production capacity. Founded in 2002 and headquartered in Guangdong, China, the company has been listed on the Shenzhen Stock Exchange since April 2012. It transitioned to a new developmental stage in May 2021 when the controlling shareholder became TCL Home Appliance Group, under TCL Electronics. Recent major changes include a strategic acquisition of TCL Home Appliances (Hefei) by Guangdong Homa Group in late 2023 to streamline brand and production efficiencies within the TCL ecosystem. Furthermore, the company adjusted its Southeast Asia production base investment plan in 2025 to establish a significant manufacturing presence in Thailand, with phased investments totaling up to RMB 680 million to boost freezer and refrigerator annual output capacity significantly. The company is committed to advancing smart home technology innovation and global expansion, leveraging a comprehensive product portfolio that includes energy-efficient household refrigerators and washing machines. It has received multiple industry accolades, including the China Creation Award and leading export performance in the Chinese refrigerator market. Its ongoing strategic focus emphasizes AI smart appliances integrated with IoT capabilities to foster a futuristic and connected home environment. Guangdong TCL Smart Home Appliances Co., Ltd. operates as a subsidiary of TCL Home Appliance Group, itself part of the larger TCL conglomerate, which is notable for its diverse electronics and consumer product offerings worldwide.