Results Highlights
- Leveraging the dual-drive strategy of “Globalisation” and “Mid-to-High-End”, TCL Electronics has achieved quality growth in global business and continuously strengthened overall profitability. In 2025, the Company’s revenue increased by 15.4% year-on-year (YoY) to HK$114.58 billion, profit after tax increased by 36.7% YoY to HK$2.53 billion, and adjusted profit attributable to owners of the parent increased by 56.5% to HK$2.51 billion compared with the previous year.
- In 2025, TCL TV’s shipment ranking consistently remained at the second position among global branded TVs [1]; TCL Mini LED TV global shipment surged by 118.0% YoY, with its scale consistently ranking the first globally [2]. The continuous advancement of the “Mid-to-High-End” strategy has driven the gross profit margin of the large-sized display business to increase by 1.3 percentage points YoY to 16.8% during the year.
- The internet business sustained high profitability. In 2025, internet business revenue increased by 18.3% YoY to HK$3.11 billion, with a gross profit margin as high as 56.4%. The Company’s overseas flagship models were among the first in the industry to integrate Google Gemini. As at the end of 2025, TCL Channel’s global cumulative user base exceeded 45.70 million, with commercialisation and monetisation capabilities significantly strengthened.
- The innovative business continued to expand in scale, with revenue in 2025 surging by 31.9% YoY to HK$35.63 billion. Among these, the photovoltaic business revenue increased by 63.6% YoY to HK$21.06 billion, demonstrating outstanding market competitiveness and development resilience.
- The Board proposed a final cash dividend of HK49.80 cents per share for 2025, with a dividend payout ratio of approximately 50% of adjusted profit attributable to owners of the parent.
HONG KONG, March 28, 2026 /PRNewswire/ — TCL Electronics Holdings Limited (“TCL Electronics” or the “Company”, 01070.HK) announced its annual results for the year ended 31 December 2025. In 2025, the Company continued to make breakthroughs in product mix, technological leadership and quality enhancement, achieving healthy growth in business scale. During the year, the Company achieved revenue of HK$114.58 billion, representing a YoY increase of 15.4%, and its gross profit reached HK$17.90 billion, representing a YoY increase of 15.1%.
The Company continued to strengthen the building of various core capabilities, fully introduced AI applications across R&D, manufacturing, supply chain and sales, and comprehensively enhancing operational efficiency, with the overall expense[3] ratio decreasing by 0.7 percentage points YoY to 11.1%. In 2025, the Company achieved continuous improvement in internal operational efficiency and its overall profitability continued to be optimised. Its profit after tax increased by 36.7% YoY to HK$2.53 billion, and adjusted profit attributable to owners of the parent reached HK$2.51 billion, representing an increase of 56.5% compared with HK$1.61 billion of the previous year.
To reward Shareholders for their long-term support and share development results, the Board proposed a final cash dividend of HK49.80 cents per share for 2025, with a dividend payout ratio of approximately 50% of adjusted profit attributable to owners of the parent. The final dividend per share increased significantly by 56.6% as compared with the previous year.
Mid-to-high-end display products and international market becoming core growth drivers, with TCL Mini LED TV maintaining global No. 1 position
Benefitting from effective enhancement of brand influence, efficient expansion of global channels and continuous optimisation of product mix, the Company’s display business revenue in 2025 increased by 9.2% YoY to HK$75.80 billion, gross profit increased by 16.4% YoY to HK$12.48 billion, and gross profit margin increased by 1.1 percentage points YoY to 16.5%.
The large-sized display business achieved revenue of HK$64.71 billion during the year, representing a YoY increase of 7.7%; gross profit reached HK$10.90 billion, representing a YoY increase of 17.2%, with gross profit margin increasing by 1.3 percentage points YoY to 16.8%. In 2025, TCL TV’s global shipment market share reached 14.7%, representing a YoY increase of 0.8 percentage points, consistently ranking second globally[4]; TCL Mini LED TV global shipment surged by 118.0% YoY, with shipment proportion increasing by 6.8 percentage points YoY to 13.0%, and shipment market share reaching 31.1%, ranking firmly at the first position globally[5], demonstrating the Company’s technological leadership and market competitiveness in the high-end display segment.
In terms of the international market, the large-sized display business’ revenue reached HK$47.50 billion, representing a YoY increase of 15.7%, with gross profit increasing by 29.4% YoY to HK$7.17 billion. The large-screen trend …