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Guangdong Homa Appliances Co Ltd

Guangdong TCL Smart Home Appliances Co., Ltd. researches, develops, manufactures, and sells household refrigerators, freezers, and washing machines in China and internationally. It also exports its products. The company was formerly known as Guangdong Homa Group Co., Ltd. and changed its name to Guangdong TCL Smart Home Appliances Co., Ltd. in May 2024. Founded in 2002, it is based in Zhongshan, China.

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AMATA draws Chinese firm Homa to invest 3.1 billion baht, setting up refrigerator production base to supply Europe

Amata Corporation Public Company Limited, or AMATA, disclosed that Homa, a major global refrigerator and freezer manufacturer from China, will establish a production base in Amata Industrial Estate in Chonburi with an investment budget of over 3.1 billion baht, a production capacity of approximately 1.5 million units per year, and is expected to generate export value of up to 12 billion baht per year. The production base will focus on manufacturing high-efficiency refrigerators, smart refrigerators, and high-standard freezers that comply with European Union energy regulations. Michael Yao, President of Homa Appliance (Thailand) Company Limited, said this investment will create approximately 1,400 jobs in the first phase and is expected to rise to 3,000 jobs within one to two years, with a goal of increasing the use of domestic components to 50 to 60 percent. Meanwhile, Vikrom Kromadit, Chief Executive Officer of AMATA, stated that Chinese investors remain continuously interested in investing in Thailand, increasingly viewing the country as a production base for exporting to global markets, shifting from a previous focus on production for the domestic market.
002668.CS · Capital · Positive Homa is investing over 3.1 billion baht in a new Thai production base with 1.5 million units/year capacity and up to 12 billion baht in annual exports.
AMATA.BK · Demand · Positive Homa will build a 3.1-billion-baht refrigerator production base in AMATA's Chonburi industrial estate, bringing a major new tenant/land customer.
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China Pushes Banks to Boost Client FX Hedging After 6% Yuan Gain Hits Exporter Profits

Foreign exchange regulators in several regions of China are pressing banks to encourage corporate clients to increase their foreign exchange hedging, after the yuan appreciated about 6% against the US dollar over the past year, making it Asia's best-performing currency and adding pressure on Chinese exporters. At least two regional branch offices of the State Administration of Foreign Exchange, or SAFE, have instructed banks to raise the share of yuan hedging done by their clients, set specific targets for that business, and summon banks that fall short of those targets for discussions. SAFE offices in some regions are also offering subsidies to local companies that follow the guidance. Data compiled by Bloomberg show that the yuan hedging ratio of Chinese companies fell to 36.84% in July from a record high of 38.92% in June. SAFE said that in the first seven months of this year, the notional value of foreign exchange derivatives used for hedging exceeded 1.6 trillion dollars, up more than 40% from the same period a year earlier, while the hedging ratio, or the share of hedging transactions in all corporate foreign exchange transactions, stood at 35.5%, up 5.5 percentage points from the level for all of 2025. One example of the impact already felt is Guangdong TCL Smart Home Appliances, listed on the Shenzhen stock exchange, which reported that first-half net profit fell nearly 20% from a year earlier, mainly because of large foreign exchange losses.
USDCNY.FOREX · Monetary · Negative SAFE pushes banks to boost corporate FX hedging after the yuan's ~6% appreciation, a currency-value/FX-policy signal favoring the yuan.
002668.CS · Monetary · Negative TCL Smart Home Appliances reported H1 net profit fell nearly 20% mainly from large FX losses caused by the yuan's appreciation.
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Multiple listed companies released positive announcements on the evening of September 14; Xiangshan Co. plans to acquire Wuluo Zhihui for 800 million yuan

On the evening of September 14, multiple listed companies on the Shanghai and Shenzhen stock exchanges issued important announcements. Xiangshan Co. plans to acquire 100% equity in Wuluo Zhihui through a combination of share issuance and cash payment, with the total transaction consideration tentatively set at 800 million yuan. After the transaction, the company will add AI computing equipment business to its existing auto parts operations. Jintian Titanium Industry plans to raise no more than 300 million yuan through a private placement, while Aoride plans to raise no more than 868 million yuan for projects including the construction of a western domestic server cluster. Runze Technology plans to apply to financial institutions for additional credit facilities totaling no more than 50 billion yuan on top of its existing credit lines to increase investment in the AIDC sector. Chitianhua's wholly owned subsidiary Anjia Mining received approval from the Guizhou Provincial Energy Bureau for the expansion of the Huaqiu No. 2 Mine, with production capacity to be raised from the current 600,000 tons per year to 1.5 million tons per year. TCL Smart Home's second-phase project at its Thailand production base, with an annual capacity of 1.4 million refrigerators, has been completed and entered trial production. Lianke Technology plans to invest about 1 billion yuan to build a silica-carbon black circular economy integrated project in the Suez Canal Economic Zone in Egypt. In addition, Xingyun Technology disclosed that as of September 8, 2026, its five-year long-term computing power framework orders on hand reached 16.004 billion yuan. Huazhijie is planning to acquire 100% equity in Suzhou Geli Ming Electronic Technology Co., Ltd., and its shares will be suspended from trading starting September 15.
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Jintai Titanium Co., Ltd. (金钛股份 / 朝阳金达钛业) · Capital · Positive Jintian Titanium Industry plans to raise up to 300 million yuan via private placement.
浙江武珞智慧城市技术有限公司 · Capital · Positive Xiangshan Co. plans to acquire 100% of Wuluo Zhihui for 800 million yuan, making it the acquisition target.
苏州格丽明电子科技有限公司 · Capital · Positive Huazhijie plans to acquire 100% equity of Suzhou Geli Ming Electronic Technology, making it the acquisition target.
001207.CS · Capital · Positive Lianke Technology plans to invest about 1 billion yuan to build a silica-carbon black circular economy project in Egypt's Suez Canal Economic Zone.
002668.CS · Supply · Positive TCL Smart Home's second-phase Thailand base with 1.4 million refrigerator annual capacity completed and entered trial production.
600227.CG · Supply · Positive Wholly owned subsidiary Anjia Mining received approval to expand Huaqiu No. 2 Mine capacity from 600,000 to 1.5 million tons per year.
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China
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TCL Smart Home first-half 2026 net profit 512 million yuan, down 19.88% year on year

TCL Smart Home released its 2026 interim report, with net profit attributable to the parent company of 512 million yuan, down 19.88% from the same period last year. Total operating revenue was 9.934 billion yuan, up 4.83% year on year, marking a fourth consecutive year of growth. Net cash inflow from operating activities was 1.181 billion yuan, down 13.92% year on year. The company's latest asset-liability ratio was 67.78%, gross margin was 23.28%, return on equity was 13.36%, and diluted earnings per share was 0.47 yuan.
002668.CS · Capital · Negative Net profit down 19.88% year on year in H1 2026.
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