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    Semiconductors
TCL Zhonghuan Renewable Energy Technology Co., Ltd. Class A

TCL Zhonghuan Renewable Energy Technology Co., Ltd. Class A

SSZSE:002129
8.60
CNY
-0.09
(-1.04%)
48.60BMarket Cap
Oct 30Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.54
4.15
1.73
2.05
2.92
4.07
4.85
5.28
10.74
16.66
14.75
7.13
7.27
- -
Basic EPS, GAAP
0.03
0.11
0.07
0.12
0.18
0.19
0.26
0.3
1.05
1.69
0.85
-2.46
-2.32
- -
Free Cash Flow per Basic Share
-0.46
-1.41
-0.41
-0.39
-0.86
-1.1
-0.61
-0.22
-0.48
-1.53
-1.74
-1.03
-1.06
- -
Dividend per Share
0.13
0.3
0.15
0.14
0.15
0.23
0.26
0.3
0.29
0.32
0.4
0.59
0.35
0.24
Book Value per Share
1.45
2.28
3.08
3.19
3.57
3.83
4.05
5.07
7.84
9.31
10.26
7.64
5.43
4.55
Tangible Book Value per Share
1.3
2.13
2.86
2.89
3.18
3.23
3.27
4.13
6.78
8.13
8.57
5.72
3.67
2.84
Basic Weighted Avg Shares
2,417
1,150
2,907
3,306
3,305
3,379
3,481
3,611
3,827
4,023
4,010
3,987
3,995
4,020
Sales/Revenue/Turnover
3,726
4,768
5,038
6,783
9,644
13,756
16,887
19,057
41,105
67,010
59,146
28,419
29,050
- -
Operating Margin (%)
4.84
8.4
7.38
7.15
10.92
8.92
13.13
12.67
14.41
11.87
13.83
-19.16
-15.86
- -
Depreciation Expense
357
464
448
667
960
1,457
1,950
2,127
2,952
4,514
6,724
7,919
8,725
- -
Net Income, GAAP
72
132
202
402
585
632
904
1,089
4,030
6,819
3,416
-9,818
-9,264
- -
Effective Tax Rate (%)
22.37
30.81
28.36
14.44
13.55
9.59
13.45
12.8
11.3
5.05
14.2
- -
- -
- -
Profit Margin (%)
1.92
2.77
4.01
5.93
6.06
4.6
5.35
5.71
9.8
10.18
5.78
-34.55
-31.89
- -
Working Capital
-1,517
2,044
2,902
-666
1,061
-3,321
625
-1,269
4,015
8,809
12,303
4,762
1,008
-607
LT Debt
998
3,168
3,963
3,417
5,818
7,337
10,725
12,248
13,681
36,295
40,918
49,422
46,231
46,344
Total Equity
3,628
6,702
10,311
10,655
12,999
15,724
20,549
28,081
41,670
47,060
60,237
46,470
39,259
34,789
Return on Invested Capital (%)
0.45
0.95
0.95
1.69
2.51
1.57
3.54
3.28
7.97
9.27
4.07
- -
- -
- -
Return on Capital (%)
2.32
2.94
2.35
2.9
4.09
3.94
4.02
3.8
8.01
10.09
4.29
- -
- -
- -
Return on Common Equity (%)
2.07
2.63
2.41
3.88
5.23
5.03
6.59
6.54
15.84
19.68
8.64
-27.13
-35.04
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
11,494
8,412
9,837
LT Borrowings
42,356
44,869
42,804
LT Finance Leases
3,876
3,789
3,539
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
4,043
4,043
4,043
Market Capitalization
34,650
35,499
48,598

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
31,636
28,606
29,323
Cash, Cash Equivalents & STI
13,104
11,136
10,336
Accounts Receivable, Net
6,393
6,297
7,601
Inventories
5,867
6,238
6,429
Total Current Liabilities
30,629
27,306
29,929
Payables & Accruals
- -
- -
- -
ST Debt
11,494
8,412
9,837
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
16.46%
10.19%
-15.52%
Free Cash Flow
39.66%
68.28%
2.98%
Net Income, GAAP
11.22%
-20.75%
-5.65%
Sales/Revenue/Turnover
27.23%
23.45%
2.22%
Total Cash Common Dividend
15.21%
9.8%
-40.39%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
9,933
6,281
6,369
5,836
28,419
2025
6,101
7,297
- -
7,479
29,050
2026
6,549
7,766
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.22
-0.55
-0.75
-0.93
-2.46
2025
-0.48
-0.59
- -
-0.87
-2.32
2026
-0.41
-0.38
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.09
0.07
0.35
0.08
0.59
2025
0.09
0.09
- -
0.09
0.35
2026
0.08
0.07
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Hong Ping Ou Yang
Full Time Employees
12,598
Sector
Electronic technology
Industry
Semiconductors
Address
No. 12 East Haitai Road Tianjin TI China 300384
IPO Date
Apr 5, 2007
Website
tjsemi.com
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Business
TCL Zhonghuan Renewable Energy Technology Co., Ltd. (002129.SZ) manufactures and supplies semiconductor materials and devices, with a primary focus on silicon-based products for the photovoltaic and renewable energy sectors; it produces monocrystalline silicon rods, silicon wafers, photovoltaic cells, modules, and components, alongside other silicon materials such as polished wafers and GPP chips; additional offerings include financial leasing services. These products serve applications in photovoltaic power generation, integrated circuits, consumer electronics, grid transmission, wind power, rail transit, new energy vehicles, 5G, artificial intelligence, and industrial control. Founded in 1958 and headquartered in Tianjin, China, the company operates primarily in China, which accounts for the majority of its net sales, while also conducting international business; it functions as a subsidiary of TCL Technology Group Corporation. The company targets the renewable energy industry (approximately 91% of revenue), consumer electronics semiconductors (8%), and other services, positioning itself as a global leader in photovoltaic materials and smart energy solutions. In recent developments, TCL Zhonghuan established Lingwu Linglu New Energy Co., Ltd. in November 2024 through a joint venture with CGN Wind Power's subsidiary, focusing on power generation, wind power technical services, and related operations. It signed a term sheet in November 2024 to acquire 100% equity in SunPower Philippines Manufacturing Ltd. from its controlled subsidiary Maxeon Solar Technologies, along with assets from Maxeon's non-U.S. sales subsidiaries, to enhance global business, integrate resources, and leverage technologies like IBC batteries, TOPCon, and shingled modules. The company changed its name from Tianjin Zhonghuan Semiconductor Co., Ltd. to TCL Zhonghuan Renewable Energy Technology Co., Ltd. in June 2022, reflecting its strategic shift toward renewable energy.