Mid-to-High-End Strategy Yield Tangible Results with High-Quality Growth in Global Business
Results Highlights
- Focusing on its strategy of mid-to-high-end positioning and globalisation initiatives, TCL Electronics’ core business achieved quality growth and continuously enhanced its profitability. For the first half of 2025, revenue increased by 20.4% year-on-year to HK$54.78 billion, profit after tax increased by 60.5% year-on-year to HK$1.05 billion, whilst adjusted profit attributable to owners of the parent[1] rose by 62.0% year-on-year to HK$1.06 billion
- In the first half of 2025, global shipment of TCL TV grew by 7.6% year-on-year to 13.46 million sets, maintaining its position amongst the world’s top two[2] TV brands. The global shipment of TCL Mini LED TV soared by 176.1% year-on-year to 1.37 million sets, firmly securing TCL’s position as the global No.1[3]. The effective implementation of the mid-to-high-end strategy drove the gross profit margin of the large-sized display business improved by 0.5 percentage points to 15.9% year-on-year
- The internet business ecosystem continued to mature, driving both scale growth and high profitability. In the first half of 2025, internet business revenue increased by 20.3% year-on-year to HK$1.46 billion, with gross profit margin improving by 0.5 percentage points year-on-year to 54.4%
- Innovative business maintained robust growth, with revenue for the first half of 2025 increasing by 42.4% year-on-year to HK$19.88 billion, among which, revenue and gross profit of photovoltaic business achieved year-on-year increases of 111.3% and 98.5%, reaching HK$11.14 billion and HK$1.07 billion, respectively.
HONG KONG, Aug. 22, 2025 /PRNewswire/ — TCL Electronics Holdings Limited (“TCL Electronics” or the “Company”, 01070.HK) today announced its interim results for the six months ended 30 June 2025. The Company’s core business achieved quality growth, complemented by significant optimisation of product and channel mix, coupled with rapid expansion of innovative business. This resulted in a 20.4% year-on-year increase in overall revenue to HK$54.78 billion and a 16.0% year-on-year increase in gross profit to HK$8.37 billion.
The Company has continued to strengthen its competitive advantages in cost management and operational efficiency. Through proactive digital transformation initiatives and automation and intelligent upgrades, the Company has enhanced its operational efficiency across production, manufacturing, logistics, and warehousing. Combined with sustained implementation of precision marketing strategies, the Company’s overall expense[4] ratio in the first half of 2025 decreased by 1.0 percentage point year-on-year to 11.5%.
Driven by scale advantages and successful mid-to-high-end strategy execution, the Company’s profitability improved significantly. In the first half of 2025, profit after tax increased by 60.5% year-on-year to HK$1.05 billion, whilst adjusted profit attributable to owners of the parent rose by 62.0% year-on-year to HK$1.06 billion.
Notable Trends towards Mid-to-High-End and Large-Screen Products, Quality Growth in Large-Sized Display Business Driven by Optimised Product Portfolio
Leveraging effective enhancement of brand influence, proactive global channel development, and continuous product mix optimisation, the Company’s display business revenue increased by 10.9% year-on-year to HK$33.41 billion in the first half of 2025, with gross profit rising by 11.4% year-on-year to HK$5.20 billion. In particular, large-sized display business generated global revenue of HK$28.35 billion, representing a year-on-year increase of 9.4%. The gross profit margin improved by 0.5 percentage points to 15.9% year-on-year. In the first half of 2025, global shipment of TCL TV grew by 7.6% year-on-year to 13.46 million sets, maintaining its position amongst the world’s top two[5] TV brands. The global shipment of TCL Mini LED TV soared by 176.1% year-on-year to 1.37 million sets, firmly securing TCL’s position as the global No.1[6].
In the PRC market, leveraging its effective mid-to-high-end strategy and benefitting from the PRC’s “trade-in” policy that released strong demand on mid-to-high-end products, the Company achieved steady growth in shipment and continuous product mix optimisation, outperforming the industry average. In the first half of 2025, the shipment of TCL TV in the PRC market increased by 3.5% year-on-year, with the shipment of TCL-branded TV achieving 10.2% year-on-year growth, ranking among the top two[7] in terms of both retail sales volume and retail sales revenue. Shipment of TCL Mini LED TV surged by 154.2% year-on-year, with its shipment proportion climbing 12.6 percentage points to 21.2%. The continued increase in shipments of mid-to-high-end and large-size products drove the Company’s revenue in the PRC market to grow 4.4% …