Core Viewpoint - TCL Electronics continues to deepen its "mid-to-high-end" and "globalization" strategies, achieving high-quality growth in global business with a significant optimization in product and channel structure, resulting in a 20.4% year-on-year revenue increase to HKD 54.78 billion in the first half of the year [1] Financial Performance - The company's after-tax profit for the first half of the year reached HKD 1.05 billion, a year-on-year increase of 60.5%, while adjusted net profit attributable to shareholders was HKD 1.06 billion, reflecting a 62.0% growth [1] - Overall expense ratio decreased by 1.0 percentage points to 11.5% due to enhanced operational efficiency from digital transformation and automation upgrades [1] Television Business - TCL's global TV shipment volume increased by 7.6% year-on-year to 13.46 million units, maintaining a top-two global ranking [2] - Mini LED TV shipments surged by 176.1% year-on-year to 1.37 million units, ranking first globally [2] - Domestic TV shipments grew by 3.5%, with TCL brand TV shipments increasing by 10.2% year-on-year [2] Market Expansion - TCL Electronics has established production bases in multiple countries, including Vietnam, Mexico, Brazil, Poland, and Pakistan, with an annual production capacity exceeding 30 million units [3] - International TV shipments rose by 8.7% year-on-year, with Mini LED TV shipments increasing by 196.8% [3] AI and Innovation - The company is investing in high-end display and AI technology, enhancing user satisfaction through AI interaction on TV [4] - TCL Channel has been upgraded, significantly improving content distribution efficiency and user experience [4] - The launch of the Thunder X3 Pro AR glasses and the TCL AiMe companion robot marks significant advancements in AI and IoT integration [5][6] Strategic Vision - TCL Electronics aims to enhance its global brand presence and increase R&D investment while optimizing its global supply chain and logistics [6] - The company adheres to a long-term operational goal of prioritizing net profit growth over revenue and sales volume growth, striving for high-quality development [6]

Core Insights - TCL Electronics reported a revenue of 54.78 billion HKD for the first half of 2025, marking a year-on-year increase of 20.4% and an adjusted net profit of 1.06 billion HKD, up 62.0% [1] - The company's television business remains its flagship, with global TV shipments increasing by 7.6% to 13.46 million units, driven by a significant 176.1% growth in Mini LED TV shipments [1][2] - In the domestic market, TCL's strategic focus on mid-to-high-end products, combined with the national "old-for-new" policy, led to a 3.5% increase in TV shipments, with a notable 10.2% growth in TCL brand TV shipments [1] Domestic Market Performance - TCL's large-size display business in the domestic market saw a revenue increase of 4.4% to 8.72 billion HKD, with a gross margin improvement of 1.7 percentage points to 19.4% [1] - The domestic market's Mini LED TV shipments surged by 154.2%, with the shipment share rising by 12.6 percentage points to 21.2% [1] International Market Expansion - TCL is expanding its global production capacity, with manufacturing bases established in multiple countries, achieving an annual production capacity exceeding 30 million units [2] - Internationally, TCL TV shipments grew by 8.7%, with Mini LED TV shipments increasing by 196.8%, raising the shipment share by 4.9 percentage points to 7.7% [2] - The international market revenue for large-size displays increased by 11.8% to 19.63 billion HKD, with a gross margin improvement of 0.1 percentage points to 14.4% [2] Technological Advancements - TCL continues to invest in high-end display and AI technology, launching ultra-high-definition services on TV terminals and expanding its global market reach through TCL Channel, which has over 39.3 million users [2] - The company is also applying AI technology to new business areas such as smart glasses and companion robots, with the launch of a new version of AR+AI glasses in collaboration with Ant Group [2]

Core Viewpoint - TCL Electronics reported strong financial performance for the first half of 2025, with significant growth in revenue and net profit, driven by its display and innovative business segments [1][5]. Financial Performance - TCL Electronics achieved a revenue of 54.777 billion HKD, representing a year-on-year increase of 20.4% [1]. - The net profit attributable to shareholders was 1.048 billion HKD, up 67.8% compared to the previous year [1]. - The display business generated revenue of 33.419 billion HKD, a growth of 10.9%, but its share of total revenue decreased from 66.3% to 61% [1][3]. - Innovative business revenue reached 19.875 billion HKD, a substantial increase of 42.4%, accounting for 36.3% of total revenue [1][3]. Business Segment Analysis - The display business remains the backbone of TCL Electronics, contributing over 60% of total revenue [4]. - In the domestic market, TCL's TV shipment volume increased by 3.5%, with a 10.2% rise in TCL brand TV shipments [4]. - Mini LED TV shipments in China surged by 154.2%, increasing its market share to 21.2% [4]. - Internationally, TCL TV shipments grew by 8.7%, with Mini LED TV shipments increasing by 196.8% [4]. Innovative Business Growth - The innovative business segment was the fastest-growing, with revenue rising by 42.4% to 19.875 billion HKD [5]. - The solar business, operational since Q2 2022, saw revenue growth of 111.3% to 11.136 billion HKD [5]. - Smart home appliance distribution revenue grew by 1.2% to 7.842 billion HKD, while smart connectivity and home business revenue slightly declined to 8.97 billion HKD [6]. Future Outlook - TCL Electronics anticipates stable global TV market demand, with trends towards larger and higher-end products expected to continue [6]. - The company plans to focus on a "high-end + globalization" dual strategy to strengthen its core business competitiveness [6]. - TCL will increase investment in AI technology to enhance product performance and user experience, while also developing new products like AR/XR smart glasses and companion robots [6].

本报讯 （记者刘晓一）8月22日晚间，TCL电子控股有限公司（以下简称"TCL电子"）披露2025年中期 业绩。 整体来看，TCL电子持续深化"中高端"和"全球化"战略，全球业务实现高质量增长，产品及渠道结构明 显优化，创新业务规模保持快速扩张，今年上半年整体收入同比增长20.4%至547.8亿港元；此外，随着 数字化转型及自动化智能化升级，生产制造与物流仓储运营效率显著提升，叠加精准营销策略的持续落 地，整体费用率同比下降1.0个百分点至11.5%。 公告显示，TCL电子上半年除税后利润10.5亿港元，同比增长60.5%，经调整归母净利润10.6亿港元，同 比增幅达62.0%。 中高端与大屏化趋势显著 作为TCL电子的拳头业务，电视业务在品牌影响力显著提升、全球渠道高效拓展以及产品结构持续优化 等因素的共同推动下，实现全球出货规模稳步提升。 报告期内，TCL电视全球出货量同比增长7.6%至1346万台，排名稳居全球前二；其中，中高端产品 MiniLED电视全球出货量同比大幅增长176.1%至137万台，位居全球首位。2025年上半年，TCL电子大 尺寸显示业务全球收入同比增长9.4%至283.5亿港元，毛利 ...

Core Viewpoint - TCL Electronics has demonstrated strong revenue and profit growth in the first half of 2025, outperforming the overall market due to its global supply chain strategy and product structure enhancement [4]. Financial Performance - In the first half of 2025, TCL Electronics achieved revenue of HKD 54.777 billion, a year-on-year increase of 20.4% [4]. - The net profit attributable to shareholders reached HKD 1.048 billion, marking a significant year-on-year growth of 67.8% [4]. - The display business, primarily driven by television sales, grew by 10.9% to HKD 33.419 billion, with a gross margin increase of 0.5 percentage points to 15.9% [4]. Market Trends - The global television industry saw a slight year-on-year shipment increase of 0.1%, while the Chinese market benefited from a trade-in subsidy policy, resulting in a 10.9% increase in retail sales [4]. - TCL's global television shipments rose by 7.6% to 13.46 million units, securing a top two position globally [4]. Product Development - TCL's Mini LED television shipments surged by 176.1% to 1.37 million units, indicating a strong demand for advanced display technologies [4]. - The company is focusing on expanding its mid-to-high-end product matrix and enhancing its capabilities in new business areas [5]. Global Strategy - TCL has established overseas production bases in Vietnam, Mexico, Brazil, Poland, and Pakistan, allowing for flexible supply chain management with an annual production capacity exceeding 30 million units [4]. - In North America, while shipments decreased by 7.3%, there was an improvement in product structure; in Europe, brand television shipments increased by 13.3%, and in emerging markets, shipments grew by 17.9% [4]. Innovation and New Business - TCL's innovative business segment reported a revenue increase of 42.4% to HKD 19.875 billion, with solar energy business revenue growing by 111.3% to HKD 11.136 billion [5]. - The company has launched new products such as XR glasses and AI-enabled devices, aiming to create new growth points [5].

8月22日晚间，TCL电子（01070.HK）披露2025年中期业绩，公司整体收入同比增长20.4%至547.8亿港 元；经调整归母净利润10.6亿港元，同比增幅达62.0%。此外，随着数字化转型及自动化智能化升级， 生产制造与物流仓储运营效率提升，叠加精准营销策略的持续落地，TCL电子整体费用率同比下降1.0 个百分点。 在规模领先优势及中高端战略成效的双重驱动下，TCL电子把握TV行业机构性机会，盈利能力进一步 增强。同时，通过将AI技术应用在产品、企业运营等方面的应用，TCL电子在上半年推出智能眼镜、陪 伴机器人等创新产品，有望驱动长期增长。 把握中高端与大屏化趋势 AI应用带来惊喜 在研发方面，TCL电子正持续加大对Mini LED、量子点等高端显示技术及AI领域的研发投入，以提升 产品竞争力并推动全球中高端化战略的落地。其中，TCL电子正在致力于将AI技术应用在产品、企业运 营以及提升研发效率上。 比如，在电视端AI交互方面，TCL电子完成了"灵控桌面3.0"的升级，实现了极简桌面优化的同时，在 电视终端上线超高清业务，超高清内容时长突破3万小时属行业领先。在国际市场，通过深化与国际互 联网巨头的密 ...

【财华社讯】TCL电子(01070.HK)公布，截至2025年6月30日止六个月，收入547.77亿港元，同比增长 20.4%；归母净利润10.9亿港元，同比增长67.8%；非香港财务报告准则计经调整归母净利润10.6亿港 元，同比增长62%；每股基本盈利45.14港仙。不派中期息。 本文源自：财华网 ...

Core Insights - TCL Electronics reported a revenue of HKD 54.777 billion for the six months ending June 30, 2025, representing a year-on-year increase of 20.41% [1] - The gross profit reached HKD 8.366 billion, up 15.99% year-on-year, while the net profit attributable to shareholders was HKD 1.09 billion, marking a significant increase of 67.78% [1] - The company emphasized quality growth in its core business, improved product and channel structure, and rapid expansion of innovative businesses, contributing to overall revenue growth [1] Financial Performance - The overall expenses ratio decreased by 1.0 percentage points to 11.5% compared to the same period last year, driven by effective cost management and digital transformation initiatives [1] - The after-tax profit increased by 60.5% to HKD 1.048 billion, and the adjusted net profit attributable to shareholders rose by 62.0% to HKD 1.060 billion [1] - The net capital debt ratio remained stable at 0.0%, with cash and cash equivalents increasing by 30.4% to HKD 11.442 billion, indicating a robust financial structure [1] Display Business Performance - The display business revenue grew by 10.9% to HKD 33.419 billion, with gross profit increasing by 11.4% to HKD 5.197 billion, and the gross margin for large-size displays improved by 0.5 percentage points to 15.9% [2] - TCL TV's global shipment volume increased by 7.6% to 13.46 million units, maintaining a top two position among global TV brands [2] - The shipment of TCL Mini LED TVs surged by 176.1% to 1.37 million units, securing the leading position globally [2]

智通财经APP讯，TCL电子(01070)发布截至2025年6月30日止六个月业绩，收入547.77亿港元，同比增 加20.41%;毛利83.66亿港元，同比增加15.99%;归母净利润10.9亿港元，同比增加67.78%;每股基本盈利 45.14港仙。 截至2025年6月30日，集团净额资本负债比率稳定维持在0.0%，现金及现金等价物同比增长30.4%至 114.42亿港元，展现出稳健的财务结构，为未来可持续发展奠定坚实基础。 公告称，截至2025年6月30日止六个月，集团核心业务规模实现有质量增长，产品及渠道结构显著优 化，创新业务保持快速扩张，推动整体收入同比增长;毛利同比增长。集团始终聚焦极致成本管理，着 力打造效率竞争优势。通过积极推进数字化转型与自动化智能化升级，集团生产制造及物流仓储运营效 率得到显著提升，叠加精准营销策略的持续落地，2025年上半年集团整体费用率较去年同期下降1.0个 百分点至11.5%。在规模领先优势及中高端战略成效的双重驱动下，集团盈利能力显著提升，2025年上 半年除税后利润同比增长60.5%至10.48亿港元，经调整归母净利润同比增长62.0%至10.60亿港元。 凭借 ...

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） 截至2025年6月30日止六個月 業績公告 董事會欣然公告本集團截至2025年6月30日止六個月的未經審核綜合業績及財務 狀況，連同2024年同期比較數字。 | 財務摘要 | | | | | --- | --- | --- | --- | | | 截至6月30日止六個月 | | | | | 2025年 | 2024年 | 變動 | | | （未經審核）（未經審核） | | | | | 百萬港元 | 百萬港元 | | | | | （經重列） | | | 收入 | 54,777 | 45,494 | 20.4% | | 毛利1 | 8,366 | 7,213 | 16.0% | | 除稅後利潤 | 1,048 | 653 | 60.5% | | 歸屬於母公司擁有 ...