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TCL expects H1 2025 net profit to surge over 80% YoY, driven by strong display gains

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TCL is riding high on the back of a booming display business. The company announced on Friday that it expects to post operating revenue between 82.6 billion and 90.6 billion yuan (approximately $11.5 billion to $12.6 billion) for the first half of 2025, a modest 3% to 13% increase from last year. But the real story lies in its bottom line: net profit attributable to shareholders is expected to hit 1.8 to 2 billion yuan (about $250 million to $279 million), reflecting a massive year-on-year jump of 81% to 101%.

Strip away the one-time gains, and the core story only gets stronger. Excluding non-recurring items, TCL still expects profits between 1.5 and 1.65 billion yuan (around $209 million to $230 million), up a staggering 168% to 195%. The surge is largely driven by a standout performance in its semiconductor display unit, which reported net profits of over 4.6 billion yuan (roughly $640 million), an increase of more than 70% compared to the same period last year.

This isn’t just a fluke windfall. TCL has been quietly recalibrating its business over the past few years, shifting resources and focus toward higher-margin technologies, particularly in the panel manufacturing space. Its recent move to acquire a 21.5311% equity stake in Shenzhen China Star Optoelectronics Technology Co., Ltd. isn’t just a financial maneuver. It is a strategic consolidation play that tightens TCL’s grip on the core technologies underpinning modern displays, from high-end TVs to next-generation automotive screens.

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But not everything in the TCL empire is glowing.

TCL Zhonghuan, the group’s solar energy and PV materials arm, posted a gloomy forecast of its own. The company expects a net loss of 4 to 4.5 billion yuan (roughly $557 million to $627 million) in H1 2025, deepening from a 3.064 billion yuan (about $427 million) loss in the same period last year. The problems, it seems, are macro. Global photovoltaic installations did remain resilient in the first half of the year, with a sharp, short-lived demand spike in China’s distributed solar market during early 2025.

But by May, the music started to slow. Demand softened, inventories ballooned, and prices plummeted. Supply demand mismatches across the entire value chain pushed Zhonghuan into a corner, with falling product prices and inventory write-downs dragging margins underwater.

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Still, TCL’s overall H1 narrative reads like a company doubling down on its strengths while weathering turbulence in longer term bets like solar. If anything, the latest results underline a sharper strategic divide within TCL. Display tech is delivering the goods now, while renewables may take longer to shine.

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TCL QLED vs Mini LED vs OLED: What’s the Difference and Which Should You Choose?

In a world of increasingly dazzling TV displays, the terms QLED, Mini LED, and OLED can feel more like buzzwords than buying guides. But the truth is, each technology represents a distinct approach to image quality, with strengths that cater to different viewers, rooms, and price points.

TCL is pushing premium tech into affordable territory, offering some of the best examples of QLED and Mini LED implementation in 2025. OLED, while not yet available in TCL’s consumer lineup, is still worth comparing to understand what you might be trading off. So what are the differences, and which display tech makes the most sense for your next upgrade?

Let’s break it down.

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The Basics: How Each Tech Works

QLED is TCL’s most accessible display technology. Short for Quantum Dot LED, it’s fundamentally an LED-backlit LCD TV with a layer of quantum dots that boost color brightness and volume. These dots glow when hit by light, helping TCL’s Q6 and Q7 series produce wider color gamuts and brighter highlights compared to traditional LEDs. But QLED is not self-emissive, meaning black levels and contrast rely on backlight control.

Mini LED takes this concept further by drastically increasing the number of backlight zones, sometimes into the thousands. TCL pioneered this in 2019 and now leads the pack in mass-market Mini LED TVs, especially in the QM7K, QM8K, and flagship X11K series. These sets offer ultra-high brightness (up to 5,000+ nits in some models), better local dimming, and more precise light control across the screen, bringing them closer to OLED-like contrast without the downsides of organic pixel aging.

OLED, meanwhile, is entirely different. Each pixel emits its own light, so it can shut off completely for true blacks and infinite contrast. The downside? Burn-in risk from static content, lower peak brightness (especially in full-screen scenes), and a price premium in larger sizes. TCL is still developing its first consumer OLED TVs, likely for late 2025 or beyond, but for now, you’ll need to turn to brands like LG or Sony if OLED is your target.

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Picture Quality Breakdown

Let’s talk about brightness. If you’re planning to watch TV in a bright room or just want your HDR highlights to be eye-searingly intense, TCL’s Mini LED models are unmatched. The QM8K series can hit 2,000 to 2,500 nits, while the X11K boasts up to 6,500 nits. OLEDs, even the newest ones, typically top out around 1,000 to 1,500 nits in highlights. In full-screen brightness, they’re even dimmer. QLED sits in the middle, not as bright as Mini LED, but easily hitting 600 to 1,000 nits on midrange models like the TCL Q7.

Contrast? OLED wins. No blooming. No grayish blacks. Just pure, inky darkness. But TCL’s Mini LED sets come close, especially in real-world use. The thousands of dimming zones in the QM8K and X11K allow for excellent black levels with minimal haloing, even if not technically perfect. Standard QLED sets without Mini LED tech (like the Q6) do fine in bright rooms, but their black levels suffer in dim lighting, especially without local dimming.

Color volume and saturation are also strong suits for both TCL’s QLED and Mini LED lines. Quantum dot layers allow these TVs to hit nearly 100 percent DCI-P3 coverage and retain color saturation at higher brightness levels, something OLEDs can struggle with. But OLED takes the edge in color accuracy, especially in darker scenes, and offers more consistent picture quality from wide viewing angles.

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Speaking of angles, OLED is the clear winner if you have a wide couch or side seating. TCL’s QLED and Mini LED sets, which use VA LCD panels, tend to lose contrast and shift colors off-axis. That said, TCL has introduced wide-viewing VA tech in some 2025 models (like the C9K series) to improve this, but it still can’t fully match OLED’s uniformity.

TCL TV

Gaming and Motion Performance

For gamers, both OLED and TCL’s Mini LED models are excellent choices. OLED offers near-instantaneous pixel response times (around 0.1ms), which eliminates ghosting and motion blur entirely. But TCL’s QM8K and Q7 series support up to 144Hz refresh rates, VRR, ALLM, and extremely low input lag (around 6 to 10ms), making them top-tier gaming displays too.

Here’s where LCD-based tech wins: burn-in. OLEDs can degrade when static elements like HUDs or logos are left onscreen for long periods. TCL’s QLED and Mini LED TVs have no such risk. If you’re gaming for hours on end or watching news channels with constant tickers, that’s worth considering.

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Durability and Power Use

When it comes to long-term durability, QLED and Mini LED win again. The inorganic LEDs used in TCL’s backlights last for tens of thousands of hours without visible degradation or risk of image retention. OLEDs, while much improved in lifespan, can still experience slow pixel wear, especially the blue subpixels, which can lead to uneven brightness over many years.

Power consumption depends heavily on content. OLEDs are very efficient when showing dark content (since black pixels are off), but they can draw more power in bright scenes. Mini LED TVs use more energy when pumping out their extreme brightness levels, but local dimming helps cut power draw during darker scenes. In mixed usage, the differences tend to even out.

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TCL’s 2025 Lineup: What Can You Actually Buy?

If you’re in the market today, OLED isn’t part of TCL’s product catalog yet. What you do get is a robust lineup of QLED and Mini LED models at multiple price points. The Q6 is your affordable, wide-color option, great for casual TV watching. The Q7 steps up with 120Hz panels, local dimming, and better HDR chops.

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For a premium viewing experience, the QM7K and QM8K Mini LED models are TCL’s best current offerings. They boast high brightness, deep blacks, and all the modern gaming and HDR features you’d want. The flagship X11K, with 14,000 dimming zones and absurd peak brightness.

Which Should You Choose?

If you want the best cinematic picture in a dark room and don’t mind paying a bit more or buying from another brand, OLED is still king. If you want an excellent all-rounder with insane brightness and no burn-in risk, TCL’s Mini LED TVs (especially the QM8K) are the sweet spot. For budget buyers or bright-room viewers, TCL’s QLED TVs offer solid performance and color for the price.

At the end of the day, it’s not about which display tech is best; it’s about which one fits your room, your budget, and your viewing habits. And that’s where TCL’s diverse lineup gives you more control than ever.

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Buy TCL QM8K TV on Amazon

Buy TCL QM7K TV on Amazon

You must also check out our other article, where we explained TCL’s Inkjet-Printed OLED technology in detail.

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TCL Q8C QD-MiniLED TV Launches in Europe with Premium Features and Launch Discounts

TCL QD-MiniLED Q8C TV

TCL has quietly dropped its latest flagship QD-MiniLED TV in Europe, and it’s not just a rebrand. The Q8C, now rolling out across France, Germany, Italy, and a few other markets, is a high-end, high-performance display wrapped in the company’s most refined industrial design to date. It’s essentially the global sibling of the C8K, C89K, and C81K models that landed in Asia in June and nearly identical to the QM8K series sold in the US.

TCL Q8C QD-MiniLED TV Specifications

The TV features TCL’s fourth-generation Mini LED backlight system paired with a QLED panel. It includes up to 3,840 local dimming zones and supports peak brightness levels of up to 4,500 nits on the larger variants. TCL’s All-domain Halo Control and WHVA CrystGlow panel help deliver a native contrast ratio of up to 7,000:1 and a dynamic contrast of 45 million to 1. The Q8C also includes an anti-glare coating and TÜV certification for low blue light and flicker-free viewing.

For gamers, TCL equips the Q8C with a 144Hz native refresh rate and 288Hz VRR through its Game Accelerator. The TV includes HDMI 2.1 ports, a customizable Gamebar UI, and an adaptive Game Mode that adjusts to user preferences. It is powered by TCL’s AiPQ Pro processor and supports AI enhancements such as ClarityMaster and Motion Master.

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TCL QD-MiniLED Q8C TV

TCL has collaborated with Bang & Olufsen for the built-in audio system. The Q8C includes a 4.2.2-channel Hi-Fi speaker setup with vertical drivers, aiming to deliver a more immersive surround sound experience. This positions the TV as a capable standalone entertainment system without the need for external soundbars.

The Q8C adopts a minimal, ultra-slim design with a nearly bezel-less ZeroBorder frame. It runs Google TV and supports Apple AirPlay 2, along with TCL’s proprietary AI Art Agent and Office Agent features.

Pricing and Availability

In France, Belgium, and Switzerland, the 65-inch Q8C starts at €1,499, with discounts available on 75-inch, 85-inch, and 98-inch models. In Germany, the same model has a retail price of €1,599, while in Italy it starts at €1,699. Retailers including LDLC, Otto, and Amazon are offering limited-time price reductions during the summer shopping season.

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In related news, we’ve explained TCL’s inkjet-printed OLED technology — check it out.

(Via)

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TCL Inkjet-Printed OLED Tech Explained

TCL OLED Monitor Panels

TCL is gearing up to shake up the OLED landscape, not by refining existing methods like LG or Samsung, but by flipping the entire production process. Through its display subsidiary CSOT, TCL is betting on inkjet-printed OLED (IJP OLED) panels as a cheaper, cleaner, and sharper alternative to the industry’s dominant OLED manufacturing techniques. After more than a decade of R&D and a high-stakes collaboration with Japan’s JOLED, TCL has begun small-scale production and is now preparing to enter the OLED TV and monitor market with something fundamentally different: OLED panels built like they’re printed, not evaporated.

How Traditional OLED Manufacturing Works

Most OLED panels today are built using vacuum thermal evaporation (VTE) through fine metal masks. It’s a meticulous process: organic emissive materials are vaporized in vacuum chambers and deposited layer by layer onto glass substrates. This method works well for small smartphone displays, but it wastes materials, relies on expensive and fragile masks, and becomes increasingly inefficient as screen size grows. It’s also labor-intensive, with constant maintenance and frequent equipment cleanings needed to keep yields high.

What Makes TCL’s Inkjet OLED Different

TCL’s approach bypasses all of that. Instead of vaporizing materials, inkjet printing turns them into liquid form — OLED “inks” — and precisely deposits them onto the panel substrate using printheads. There’s no need for masks, and there’s far less waste since materials are only deposited where needed. Each subpixel (red, green, and blue) is printed separately, allowing for a true RGB OLED layout, which improves text sharpness and color accuracy, especially important for monitors and laptops.

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Unlike LG’s WOLED, which emits white light and uses color filters, or Samsung’s QD-OLED, which uses blue OLED with quantum dots to generate red and green, TCL’s printed RGB OLED emits colors directly from each subpixel. There are no filters, no QD layers, and no blue-heavy bias. The result is a cleaner image with higher light efficiency and less optical loss.

Production Progress and Commercial Plans

TCL began pilot production in 2024 with a 21.6-inch 4K OLED panel aimed at medical monitors, the same panel size previously produced by JOLED. This marked the first commercial inkjet OLED display to enter mass production. The panels are currently built at TCL’s Gen-5.5 line in Guangzhou, but the real leap will come from the new Gen-8.5/8.6 “T8” line, which is designed for TV-scale panels.

TCL has already demonstrated 65-inch printed OLED TVs and foldable concepts, and it expects to deliver the first inkjet OLED TVs in late 2025. The company is targeting 55, 65, and 75-inch TVs initially, with expansion plans for 42- and 98-inch panels. Peak brightness is expected to hit 2,000 nits, with Rec.2020 color coverage around 90 percent, comparable to the latest QD-OLED and MLA-enhanced WOLED models.

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TCL CSOT printed oled monitor

Environmental and Efficiency Advantages

The biggest upside of inkjet OLED isn’t just image quality. It’s the potential cost and environmental savings. TCL claims a 2× improvement in material efficiency, since there’s no mask wastage and fewer discarded panels due to defects. The process uses less energy, avoids costly vacuum systems, and allows faster production with fewer interruptions. These advantages could eventually bring OLED pricing closer to mainstream LCDs and make high-end panels more accessible.

Compared to LG’s and Samsung’s methods, TCL’s process also avoids the use of heavy filters or quantum dot layers, which reduces complexity and improves lifespan. While long-term durability is still being validated, TCL says its printed panels already show promising results in both efficiency and longevity.

What Comes Next

TCL isn’t just preparing to launch its own OLED TVs. It’s positioning itself as a next-gen OLED panel supplier. If its 27-inch printed OLED monitor panel enters mass production, PC brands like Asus, Dell, and Lenovo could soon have a third option beyond LG and Samsung for high-end OLED screens. The roadmap also includes tablet and smartphone panels, flexible displays, and rollable form factors, all printed, not evaporated.

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Xiaomi is also reportedly testing TCL’s printed OLED panels for its upcoming flagship smartphones. If adopted, this would mark a major milestone for inkjet OLED in mobile devices and signal growing confidence from other top-tier brands. TCL CSOT, meanwhile, is doubling down with a massive 8.6G inkjet OLED production line in the works, a multi-billion yuan facility that would enable high-volume manufacturing of large-format printed panels.

It’s still early. TCL’s OLED TVs haven’t hit the market yet, and scaling the technology will take time. But if the company delivers on its roadmap, it won’t just enter the OLED market. It could reshape how OLED is made. And in an industry long dominated by two players, that kind of disruption is long overdue.

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