1. China Stocks

  2. •

    Consumer durables

  3. •

    Electronics/Appliances
Guangdong TCL Smart Home Appliances Co., Ltd. Class A

Guangdong TCL Smart Home Appliances Co., Ltd. Class A

SSZSE:002668
8.44
CNY
-0.06
(-0.71%)
1.74EPS
12.12P/E
12.01BMarket Cap
Oct 24Next 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
5.39
5.67
16.68
6.42
11.14
7.22
6.94
7.69
8.87
10.8
14.09
16.93
17.16
17.48
Basic EPS, GAAP
0.25
0.26
0.95
0.39
0.61
-1.76
0.05
-0.91
-0.07
0.43
0.73
0.94
1.04
0.91
Free Cash Flow per Basic Share
0.13
0.14
1.59
0.68
-2.02
-0.27
0.99
1.12
0.63
0.03
2.15
1.43
1.63
- -
Dividend per Share
0.02
0.05
0.17
0.07
0.24
0.22
0.27
0.34
0.08
0.03
0.03
0.02
0.02
0.22
Book Value per Share
1.72
1.93
2.21
2.61
3.19
2.17
2.36
0.64
0.4
0.89
1.3
2.23
3.27
3.53
Tangible Book Value per Share
1.62
1.83
1.42
1.82
2.57
1.98
2.21
0.55
0.23
0.64
1.05
1.98
3.02
3.29
Basic Weighted Avg Shares
789
786
282
785
625
1,081
1,066
1,085
1,142
1,080
1,078
1,084
1,080
1,087
Sales/Revenue/Turnover
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
18,996
Operating Margin (%)
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
12.87
Depreciation Expense
42
55
75
105
147
234
247
213
163
371
298
348
404
- -
Net Income, GAAP
196
203
267
305
381
-1,903
53
-987
-80
464
787
1,019
1,123
994
Effective Tax Rate (%)
14.79
14.7
13.63
14.47
11.79
- -
72.66
- -
24.05
11.59
13.53
13.31
16.18
13.69
Profit Margin (%)
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
5.23
Working Capital
678
543
402
563
2,359
-111
1,304
839
551
-413
-169
534
1,551
2,106
LT Debt
- -
- -
360
349
1,299
156
1,298
357
31
87
274
245
236
186
Total Equity
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
5,573
Return on Invested Capital (%)
14.36
13.06
12.51
13.5
8.06
- -
0.86
- -
17.17
38.45
48.9
49.58
41.14
30.7
Return on Capital (%)
14.61
13.57
13.51
8.9
9.6
- -
2.43
- -
-17.34
0.61
2.88
3.59
2.72
2.01
Return on Common Equity (%)
15.51
14.17
16.42
16.07
13.87
-65.7
2.17
-60.79
-14.12
66.08
66.01
53.22
37.69
30.34

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
891
817
1,349
LT Borrowings
117
125
101
LT Finance Leases
119
107
85
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,084
1,084
1,084
Market Capitalization
11,253
9,649
12,012

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
11,980
12,364
13,495
Cash, Cash Equivalents & STI
4,849
5,805
6,160
Accounts Receivable, Net
3,216
3,558
3,863
Inventories
1,546
1,383
1,588
Total Current Liabilities
10,428
10,296
11,389
Payables & Accruals
- -
- -
- -
ST Debt
891
817
1,349
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

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

CNY

•

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
5,048
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.21
0.31
0.25
0.18
0.94
2025
0.28
0.31
- -
0.13
1.04
2026
0.28
0.19
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.02
2025
- -
- -
- -
0.01
0.02
2026
- -
0.21
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Hao Wang
Full Time Employees
14,807
Sector
Consumer durables
Industry
Electronics/Appliances
Address
No. 54 North Dongfu Road Zhongshan GD China 528427
IPO Date
Mar 27, 2012
Website
tclsmarthome.com
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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.