Gasgoo Munich- Tianma recently released its 2025 annual report, showing full-year revenue of 36.227 billion yuan, an 8.16% increase from the previous year. The company swung back to profit with net income attributable to shareholders of 167 million yuan—an improvement of more than 800 million yuan year-on-year. Recurring net profit improved by over 1.6 billion yuan, while gross margins rose by 3.05 percentage points. Operating cash flow reached 6.988 billion yuan, up 21.49%, reflecting a comprehensive upturn in operational efficiency.
In 2025, Tianma drove end-to-end cost reductions and efficiency gains through stable production, lean management, and debt reduction. The cost-to-expense ratio fell by 4.25 percentage points. Meanwhile, the company deepened the integration of AI and display technology, applying intelligent empowerment across customer experience, R&D, and manufacturing to continuously optimize operational performance.
On the market front, Tianma maintained a leading position in several core sectors. According to official data, its automotive display and instrument cluster shipments ranked first globally for six consecutive years, with market shares reaching 20% and 27%, respectively. HUD display shipments also topped global rankings for two years running, capturing a 38% share, while LTPS automotive displays secured the No. 2 spot worldwide. In consumer displays, the company ranked third globally and second domestically in OLED mobile screens, third globally in LTPS laptops and tablets, and second globally in rigid OLED wearables.
Image Source: Tianma
Regarding business structure, automotive and specialized displays accounted for over half of total revenue, growing roughly 19% year-on-year. Automotive display revenue rose about 18%, while international display module revenue jumped 33% and achieved a profitability breakthrough. This segment covers six top global automakers, with annual installations exceeding 2 million units. Domestic market share in new energy vehicles expanded rapidly, with new products like ceiling screens and mini-LED displays hitting the market quickly. Revenue from sports and health displays surged 37%, driven by the mass production of the first flagship flexible OLED wearable project and significant progress in new categories like handheld consoles and sports cameras. In mobile displays, shipments of flagship flexible OLED products saw leapfrog growth, with the TM17 production line improving profit by over 40%. IT display shipments also posted substantial gains.
Technical innovation and production line construction advanced in tandem. Tianma unveiled several heavy-hitting products, including an automotive Micro-LED ultra-narrow bezel transparent standard screen and a 49.6-inch ultra-wide curved screen. It also launched innovative consumer products like a smartphone screen with 98% screen-to-body ratio and a 610Hz esports screen boasting industry-leading native refresh rates. The Micro-LED business achieved efficient transfer of over one million chips, completing product deliveries for PID and automotive applications. Key production lines, including TM19 and TM20, progressed steadily, hitting mass production targets ahead of schedule to provide solid support for core businesses like automotive and IT displays.
