TCL TECH.(SZ:000100) Hua Er Jie Jian Wen·2025-06-25 18:15Core Viewpoint - TCL aims to establish five operational entities overseas to enhance local economic development and contribute to the local industry chain [2][3] Group 1: Globalization Strategy - Since its international expansion in 1999, TCL has consistently pursued a globalization strategy, focusing on localized operations to benefit local economies and environments [2] - TCL's overseas revenue has grown significantly, from 59 billion to 125.3 billion yuan from 2019 to May 2023, with an average annual growth rate of 17.6% [3] - Currently, over 60% of TCL's revenue comes from overseas markets, with the potential for regional centers to surpass the Chinese market [3][4] Group 2: Localized Operations - TCL emphasizes the importance of building local supply chains and industrial capabilities in overseas markets, which includes establishing manufacturing bases and collaborating with local suppliers [7][8] - The company has created thousands of jobs in various countries, such as employing over 7,000 local workers in Vietnam and providing 800 to 1,000 jobs annually in Poland [8] - TCL's global workforce includes over 150 local employees in the U.S. and more than 50 in countries like France, Australia, and Japan [8] Group 3: Future Outlook - TCL's recent partnership as a global Olympic partner is expected to open new avenues for its globalization efforts [8] - The company aims to balance efficiency and fairness in its operations, focusing on co-building industrial capabilities with local communities [6][8]