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TPV Technology Co., Ltd. Class A

TPV Technology Co., Ltd. Class A

SSZSE:000727
2.17
CNY
+0.07
(+3.33%)
11.78BMarket Cap
TPV Technology Co., Ltd. Class A
SZSE:000727
(Shenzhen Stock Exchange)

Recent

price

2.17

P/E

ratio

- -

div

yld

2.33%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
0.92
1.02
1.13
1.14
1.38
0.27
0.35
1.34
1.26
14.42
15.14
15.58
13.63
12.06
12.17
11.98
- -
Revenue per Share
-0.01
- -
-0.07
0.01
0.01
- -
0.01
- -
-0.22
-1.18
0.16
0.12
0.02
0.06
0.02
-0.17
- -
Basic EPS, GAAP
0.06
0.02
0.12
-0.12
-8.5
-2.52
-1.05
-0.22
0.07
0.77
0.92
-1.33
0.67
0.43
-0.29
-0.42
- -
Free Cash Flow per Basic Share
0.02
0.02
0.02
0.02
0.02
0.06
- -
0.09
0.09
0.18
0.2
0.03
0.05
0.06
0.07
0.07
0.05
Dividend per Share
0.73
0.8
0.64
0.49
5.08
2.37
2.38
2.38
2.16
1.85
0.33
0.45
0.59
0.64
0.66
0.45
0.4
Book Value per Share
0.61
0.62
0.43
0.31
4.5
2.28
2.13
2.11
1.83
1.31
0.08
-0.07
0.14
0.28
0.38
0.29
-0.21
Tangible Book Value per Share
718
716
719
719
718
4,214
4,538
4,479
4,529
4,530
4,528
4,529
4,539
4,528
4,539
4,529
4,529
Basic Weighted Avg Shares
662
730
809
820
989
1,156
1,577
5,995
5,703
65,340
68,556
70,574
61,883
54,597
55,230
54,259
- -
Sales/Revenue/Turnover
-4.08
-8.75
-7.91
-9.23
-10.42
-18.1
-33.98
2.48
-5.55
-0.92
2.9
3.33
2.63
3.68
2.52
0.01
- -
Operating Margin (%)
11
79
80
78
53
69
293
2,298
2,344
3,715
2,995
1,380
1,454
1,470
1,418
1,497
- -
Depreciation Expense
-11
-2
-48
10
9
11
24
12
-987
-5,357
746
532
87
278
94
-784
- -
Net Income, GAAP
- -
- -
- -
- -
23.3
35.46
48.2
- -
- -
- -
38.64
22.71
61.15
34.44
53.3
- -
- -
Effective Tax Rate (%)
-1.61
-0.33
-5.96
1.26
0.9
0.91
1.5
0.19
-17.31
-8.2
1.09
0.75
0.14
0.51
0.17
-1.45
- -
Profit Margin (%)
-127
-176
-251
-66
4,098
-2,088
-566
-1,348
-1,212
-1,161
4,108
2,196
2,527
3,123
2,671
2,226
347
Working Capital
6
35
12
2
4,895
8,442
10,352
6,520
5,358
5,147
1,802
448
941
988
188
991
1,272
LT Debt
518
559
417
404
7,828
18,247
18,306
18,359
16,733
16,039
6,024
7,304
8,597
9,204
9,426
7,562
7,158
Total Equity
- -
- -
- -
- -
-0.4
-0.1
-0.93
- -
- -
- -
5.35
11.48
1.73
4.29
2.12
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
0.28
0.08
- -
- -
- -
- -
5.31
0.17
0.61
1.24
0.49
- -
- -
Return on Capital (%)
-2.03
-0.44
-9.3
2.55
0.45
0.15
0.22
0.11
-9.6
-58.89
15.05
30.12
3.71
9.96
3.17
-31.36
- -
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
8,493
11,245
LT Borrowings
- -
820
1,121
LT Finance Leases
- -
171
151
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
4,530
4,530
4,530
Market Capitalization
12,502
11,505
11,777

Working Capital

CNY

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
26,090
27,434
Cash, Cash Equivalents & STI
- -
4,217
3,929
Accounts Receivable, Net
- -
9,037
9,031
Inventories
- -
9,985
11,298
Total Current Liabilities
- -
23,864
27,087
Payables & Accruals
- -
- -
- -
ST Debt
- -
8,493
11,245
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-4.62%
5.73%
-19.78%
Free Cash Flow
28.4%
-110.56%
44.74%
Net Income, GAAP
-907.33%
-179.47%
-938.87%
Sales/Revenue/Turnover
134.06%
-4.35%
-1.76%
Total Cash Common Dividend
414.01%
5.85%
-5.43%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
12,805
13,997
14,263
14,165
55,230
2025
12,262
12,683
- -
15,365
54,259
2026
12,600
- -
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.01
0.01
- -
0.02
2025
-0.04
-0.07
- -
-0.04
-0.17
2026
-0.06
- -
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.02
0.02
0.01
0.07
2025
0.02
0.02
- -
0.02
0.07
2026
0.02
- -
- -
- -
- -
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Business
TPV Technology Co., Ltd. TPV Technology Co., Ltd. (000727.SZ) manufactures and distributes smart display products worldwide, focusing on research, development, production, sales, and services of monitors, televisions, and audio-video-accessories (AVA) devices including wireless speakers, soundbars, headphones, and mobile phones. The company operates through a dual-track OBM/ODM model, producing under its own brands such as AOC, AGON, and Envision; holding exclusive worldwide rights for Philips-branded monitors, TVs (except in the US, Canada, Mexico, and certain South American countries), and AVA products; and providing smart manufacturing services to leading TV and PC brands. Its core offerings encompass traditional PC monitors, gaming monitors, large-format professional displays like digital signage, video walls, LED displays, and e-ink displays; next-generation smart TVs featuring OLED and Mini LED technologies; and Philips AVA products that integrate into an audio-visual ecosystem for consumers and businesses across industries such as corporate, hospitality, education, transportation, retail, and healthcare. Founded in 1967 as Admiral Overseas Corporation in Taiwan and headquartered in Nanjing, China, TPV Technology operates 12 manufacturing bases globally in locations including China, Brazil, Argentina, Mexico, Poland, Russia, and Thailand, alongside over 3,500 sales and service centers supporting operations in China, Europe, North America, South America, and Southeast Asia. The company, a subsidiary of China Electronics Corporation, maintains the world's number one position in monitor shipments for 21 consecutive years with approximately 30% global market share and ranks among the top 10 in TV shipments; in 2024, it reported operating revenue of RMB 55.23 billion, with monitors contributing 58.86% (RMB 32.51 billion from 39.28 million units), TVs 33.72% (RMB 18.62 billion from 10.61 million units), and other products 6.90%. In recent years, TPV Technology underwent major restructuring, including privatization from Hong Kong and Singapore exchanges in 2019, asset integration with Nanjing Huadong Electronics Information & Technology Co., Ltd. in 2020, and a name change to TPV Technology Co., Ltd. in May 2021, marking its listing on the Shenzhen Stock Exchange. The company continues to deepen strategic partnerships with top-tier firms for smart TV development, emphasizing cost optimization, product upgrades in gaming and professional displays, and expansion into AI-enhanced technologies such as gesture control, high-refresh-rate monitors, and immersive AVA solutions; it invests heavily in R&D (RMB 1.315 billion in 2024) across eight global centers, securing over 1,000 patents and awards like Red Dot Design and iF Design for products including Philips OLED TVs and AOC gaming monitors. Looking ahead, TPV accelerates Industry 4.0 transformation toward fully digitalized factories by 2025, targets growth in high-end segments, and enhances commercial display solutions for smart office, healthcare, education, transportation, and retail applications.