香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就本公告全部或任何部 份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 TCL ELECTRONICS HOLDINGS LIMITED TCL 電子控股有限公司 （股份代號：01070） （於開曼群島註冊成立之有限公司） 內幕消息 關於與索尼就家庭娛樂領域 達成戰略合作的意向備忘錄 本公告由TCL電子控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）根據 香港聯合交易所有限公司證券上市規則（「上市規則」）第13.09(2)(a)條及香港法例 第571章證券及期貨條例第XIVA部的內幕消息條文作出。 索尼是索尼集團公司（一家總部設在東京的日本集團，其股份在東京證券交易所 和紐約證券交易所上市(TSE：6758和NYSE：SONY)）的全資附屬公司，負責娛樂、 技術與服務(ET&S)業務。 據董事會經作出一切合理查詢後所深知、盡悉及確信，索尼及其最終實益擁有人 均為獨立於本公司及其關連人士（定義見上市規則）的第三方。 本公司董事（「董事」）會（「董事會」）欣然宣佈，於202 ...

Market Performance - The Hong Kong stock market experienced a decline, with the Hang Seng Index falling by 0.29% to 26,487.51 points, the Hang Seng Tech Index down 1.16% to 5,683.44 points, and the National Enterprises Index decreasing by 0.43% to 9,094.76 points [1] - Major technology stocks generally declined, with Alibaba down 0.44%, Tencent down 1.48%, and Xiaomi down 2.74%, while JD.com saw a slight increase of 0.09% [1] - New consumption concept stocks performed well, with Pop Mart rising by 9% and Naixue's Tea increasing by over 4% [1] Corporate News - Codex-B (02487.HK) reported positive top-line results from a Phase III clinical trial for CU-20101, an injectable botulinum toxin type A for moderate to severe glabellar lines [2] - Saint Bella (02508.HK) entered a strategic cooperation framework agreement with Cloudwise Technology to explore the integration of AI and robotics in high-demand home care scenarios [2] Profit Forecasts - China Taiping (00966.HK) expects a net profit increase of approximately 215% to 225% in 2025, compared to 8.432 billion HKD in the previous year [3] - TCL Electronics (01070.HK) anticipates an adjusted net profit of approximately 2.33 billion to 2.57 billion HKD in 2025, representing a growth of 45% to 60% [3] - Jihong Co. (02603.HK) forecasts a net profit of approximately 273 million to 291 million RMB in 2025, a year-on-year increase of 50% to 60% [3] - Guolian Minsheng (01456.HK) expects a net profit of 2.008 billion RMB in 2025, a growth of around 406% [3] - China Railway (00390.HK) reported a new contract amount of 1,165.98 billion RMB in Q4 2025, with a cumulative new contract amount of 2,750.9 billion RMB, a year-on-year growth of 1.3% [3] Sales and Revenue - Shenzhen Holdings (00604.HK) anticipates a total contract sales amount of approximately 13.311 billion RMB in 2025, a decrease of 21.55% [4] - SF Holding (06936.HK) reported a total revenue of 27.339 billion RMB in December from its logistics, supply chain, and international businesses, reflecting a year-on-year growth of 3.41% [5] Institutional Insights - Dongwu Securities noted that the Hong Kong market is in a long-term upward trend but faces short-term challenges, with strong consensus on domestic fundamentals but mixed views on overseas factors [9] - Huaxia Fund emphasized the high sensitivity of the Hong Kong market to corporate earnings and macroeconomic data, suggesting that positive economic surprises could significantly boost market expectations [10] - Tianfeng Securities highlighted that the Hong Kong market has the foundation for a rebound due to valuation recovery and sentiment improvement, but upward momentum may be constrained by high overseas interest rates [10] - Huaxi Securities pointed out that the "AI+" logic is catalyzing valuation optimization in the Hong Kong market, with a focus on internet, technology, and emerging consumption sectors [10]

Group 1 - TCL Electronics (01070.HK) experienced a price increase of over 4%, currently up by 3.76% at HKD 11.59 [2] - The trading volume reached HKD 38.43 million [2]

Group 1 - TCL Electronics' stock rose over 4%, currently trading at HKD 11.59 with a transaction volume of HKD 38.43 million [1] - The company issued a profit warning, expecting adjusted net profit attributable to shareholders for the fiscal year 2025 to be between HKD 2.33 billion and HKD 2.57 billion, representing a growth of approximately 45% to 60% compared to the same period in 2024 [1] - The growth is attributed to quality improvements in global business operations, enhanced overall profitability, and advancements in AI digital capabilities leading to increased operational efficiency and reduced expense ratios [1] Group 2 - Citi's report indicates that TCL's performance exceeds the highest target of the company's 2025 incentive plan and is above their expectations [1] - TCL's sales and profit margins in the U.S. are reported to be stronger, with a substantial revenue base from high-margin internet business and improved operational efficiency [1] - Galaxy Securities noted that the lower limit of the earnings forecast aligns with the upper limit of the 2025 equity incentive target, alleviating market concerns regarding the impact of national subsidy reductions [1] Group 3 - The company emphasizes shareholder returns, maintaining a cash dividend payout ratio of 50% for both 2023 and 2024, with expectations for high return levels to continue [1]

Group 1: Economic and Market Overview - The International Monetary Fund (IMF) President Kristalina Georgieva stated that it is too early to assess the economic impact of tensions surrounding Greenland, but these tensions could become a hindrance to economic growth [2] - U.S. stock futures showed a significant decline due to President Trump's threats regarding tariffs and the situation in Greenland, with Dow Jones futures down 0.83%, S&P 500 futures down 0.88%, and Nasdaq 100 futures down 1.09% [3] Group 2: Company News and Financial Projections - China Pacific Insurance (00966) expects a net profit increase of approximately 215% to 225% in 2025, compared to 8.432 billion HKD in the previous year [6] - TCL Electronics (01070) anticipates an adjusted net profit of approximately 2.33 billion to 2.57 billion HKD in 2025, representing a growth of about 45% to 60% [6] - Jihong Co., Ltd. (02603) projects a net profit of approximately 273 million to 291 million CNY in 2025, reflecting a year-on-year growth of 50% to 60% due to the recovery of the packaging business and significant growth in cross-border social e-commerce [6] - Guolian Minsheng (01456) expects a net profit attributable to shareholders of approximately 2.008 billion CNY in 2025, representing a year-on-year increase of around 406% [6] - China Railway (00390) reported a new contract amount of 1,165.98 billion CNY in Q4 2025, with a cumulative new contract amount of 2,750.9 billion CNY for the year, reflecting a year-on-year growth of 1.3% [7] - SF Holding (06936) reported a total revenue of 27.339 billion CNY from its express logistics, supply chain, and international business in December, marking a year-on-year growth of 3.41% [8]

Core Viewpoint - TCL Electronics expects a significant increase in adjusted net profit for the fiscal year 2025, projecting between HKD 23.3 billion and HKD 25.7 billion, which represents a year-on-year growth of approximately 45% to 60% [1][3]. Group 1: Performance Drivers - The growth in performance is attributed to the continuous expansion of global business scale and overall improvement in profitability [3]. - The large-size display business maintains a high market share, with an increasing proportion of mid-to-high-end products [3]. - The internet business shows stable profitability, while revenue from innovative business segments is steadily growing [3]. Group 2: Strategic Initiatives - The company is enhancing its global supply chain and channel layout to improve responsiveness to changes in the international operating environment [3]. - Efforts to advance AI digitalization have led to improved operational efficiency and a reduction in expense ratios [3]. - The organization structure and talent management system are being optimized, alongside the implementation of equity incentive mechanisms to strengthen team stability and execution [3]. Group 3: Future Outlook - TCL Electronics plans to continue focusing on AI-related application scenarios and adhere to a strategy of "globalization" and "mid-to-high-end" development to further enhance brand and business international competitiveness [3]. - The Mini LED product line has shown strong performance, with global TV shipments reaching 21.08 million units in the first three quarters of 2025, marking a year-on-year increase of 5.3% [3]. - Mini LED TV shipments saw a substantial year-on-year growth of 153.3%, totaling 2.24 million units, contributing to an 8.7% increase in TV sales revenue during the same period [3].

Core Viewpoint - TCL Electronics (1070.HK) experienced a significant stock increase of over 10%, reaching a peak of 10.87 HKD, following the announcement of an earnings upgrade, projecting an adjusted net profit attributable to shareholders for 2025 between 2.33 billion to 2.57 billion HKD, representing a growth of approximately 45% to 60% compared to the same period in 2024 [1] Group 1 - The substantial increase in adjusted net profit is primarily attributed to the group's quality growth in global business, with enhanced overall profitability, particularly in the large-size display sector maintaining market leadership and achieving notable results in mid-to-high-end products [1] - The internet business continues to maintain high profitability, while innovative business scales are expanding [1] - The group is strengthening its leading position in global supply chains and channels, enhancing its agility in responding to global operational risks [1] Group 2 - The company is actively improving its AI digital capabilities, leading to increased operational efficiency and a significant reduction in expense ratios [1] - Organizational adjustments are being made to enhance global operations, including the development of a global talent management system [1] - A stock incentive plan is being implemented to boost team morale, further driving the improvement of the group's performance [1]

Core Viewpoint - TCL Electronics Holdings Limited anticipates a significant increase in adjusted net profit for the fiscal year 2025, projecting between HKD 2.33 billion and HKD 2.57 billion, representing a growth of 45% to 60% compared to the same period in 2024 [2] Group 1: Performance Drivers - The substantial growth in performance is attributed to two main driving factors [2] - Firstly, TCL Electronics adheres to its strategic approach of "brand-led value, deepening global operations, technology-driven, and vitality above all," continuously advancing its "globalization" and "mid-to-high-end" development [2] - The group's global business has achieved quality growth, with overall profitability steadily enhancing, particularly in the large-size display business, which maintains a leading market position, and the mid-to-high-end strategy showing significant results [2] - The internet business continues to maintain high profitability levels, while the scale of innovative business is also expanding [2] Group 2: Supply Chain and Operational Efficiency - Secondly, the company has strengthened its leading layout advantages in global supply chains and channels, enhancing its agility in responding to global operational risks [2] - By actively improving AI digital capabilities, operational efficiency has further increased, leading to a significant reduction in expense ratios [2] - Additionally, organizational adjustments around global operations have been made to enhance the global talent cultivation and management system, supported by an equity incentive plan to boost team morale, contributing to performance improvement [2] Group 3: Future Outlook - Looking ahead, TCL Electronics expresses its commitment to exploring cutting-edge AI technologies and will steadfastly advance its "globalization" and "mid-to-high-end" development strategies [2] - The company aims to continuously enhance its global brand value and commercial value while accelerating the globalization of its operations [2]

Core Viewpoint - TCL Electronics (1070.HK) experienced a surge of over 10%, reaching a peak of 10.87 HKD, following the announcement of an earnings upgrade, projecting an adjusted net profit attributable to shareholders for the fiscal year 2025 to be between 2.33 billion to 2.57 billion HKD, representing a growth of approximately 45% to 60% compared to the same period in 2024 [1] Group 1 - The significant increase in adjusted net profit is primarily attributed to the group's quality growth in global business and enhanced overall profitability [1] - The large-size display business continues to maintain market leadership, with notable success in mid-to-high-end product offerings, while the internet business sustains high profitability levels [1] - The group is actively enhancing its global supply chain and channel advantages, improving its agility in responding to global operational risks [1] Group 2 - The company is focusing on improving its AI digital capabilities, which has led to increased operational efficiency and a reduction in expense ratios [1] - Organizational adjustments are being made to enhance global operations and talent management systems, alongside a stock incentive plan to boost team morale [1] - These strategic initiatives are expected to further drive the company's performance improvements [1]

每经AI快讯，TCL电子(01070.HK)盈喜后涨超6%，截至发稿，涨6.4%，报10.5港元，成交额3100.54万 港元。 ...