Tianma has released its 2024 annual report showing marked improvement in financial performance despite ongoing market challenges. The company reported total operating revenue of 33.49 billion yuan ($4.72 billion), up 3.79% YoY, while its net loss attributable to shareholders significantly narrowed to 669 million yuan ($94.2 million), a 68.13% improvement compared to 2023.
| Yuan Table | 2024 | 2023 | YoY Change | 2022 (After Adjustment) |
| Operating Revenue | 33,494,295,788 | 32,271,305,896 | 3.79% | 31,447,476,895 |
| Net Profit Attributable to Shareholders | -668,579,178 | -2,097,588,449 | Increased by 1,429,009,270 Yuan | 111,690,919 |
| Net Profit After Deducting Non-recurring Items | -2,224,114,000 | -3,830,718,295 | Increased by 1,606,604,294 Yuan | -1,359,127,770 |
| Net Cash Flow from Operating Activities | 5,751,856,932 | 3,957,698,256 | 45.33% | 3,912,600,160 |
| USD Table | 2024 | 2023 | YoY Change | 2022 (After Adjustment) |
| Operating Revenue | 4,716,098,000 | 4,544,690,970 | 3.79% | 4,428,660,125 |
| Net Profit Attributable to Shareholders | -94,165,800 | -295,435,000 | Increased by $201,269,200 | 15,731,115 |
| Net Profit After Deducting Non-recurring Items | -313,255,490 | -539,538,470 | Increased by $226,282,980 | -191,425,040 |
| Net Cash Flow from Operating Activities | 810,120,695 | 557,422,290 | 45.33% | 551,070,445 |
In 2024, the company maintained its global top position in automotive-grade TFT-LCD displays, vehicle instrument displays, head-up displays (HUD), LTPS smartphone displays, mainstream brand wearable rigid OLED, and professional display modules. The company ranks third globally in flexible AMOLED smartphone main screen shipments.
The smartphone display segment saw notable profit improvement, with flexible AMOLED products now accounting for over 60% of mobile display revenue. Tianma’s OLED smartphone display business expanded further in 2024, supported by diversified customer relationships, production capacity improvements, and aggressive cost reduction measures, according to the company.
Tianma’s automotive display business grew rapidly, with revenue increasing by over 40% YoY. The company noted that its automotive electronics business targeting international OEMs has entered mass production, with increasing market share in the new energy vehicle sector.
In the IT sector, Tianma strengthened its market position in LTPS notebook and tablet displays while successfully delivering its first monitor products. The company’s rigid wearable display business gives Tianma a leading position in the market, while flexible wearable projects are approaching mass production.
The TM20 production line is now mass-producing automotive module products, while the company’s joint ventures are advancing smoothly: TM18 line has reached full production in its first phase with stable mass production in the second phase; TM19 line has successfully initiated its entire product line and the MicroLED production line has completed its full process integration and is expected to have small-batch shipping capabilities in 2025.
