TCL Zhonghuan said it has recorded a net loss of CNY 2.998 billion for the third quarter of 2024, on CNY 6.369 billion of revenue, down 53.7% year on year. It has posted CNY 22.582 billion of year-to-date revenue, down 53.59% from the same period in 2023, and a year-to-date net loss of CNY 6.061 billion. The company attributed its poor performance to ongoing industry-wide supply and demand imbalances, as key segments of the supply chain remain below cost levels.