LAS VEGAS, 7 de enero de 2026 /PRNewswire/ -- TCL, lÃder global en electrónica de consumo y la marca número uno del mundo en televisores Mini LED y de pantallas extragrandes, presenta hoy una nueva generación de avances en tecnologÃas visuales y productos con inteligencia artificial en CES 2026. Este año, TCL presenta una serie de paneles, tecnologÃas y productos de visualización inéditos a nivel mundial, además de un portafolio completo de dispositivos inteligentes diseñados para potenciar la vida conectad ...

来源：环球网 【环球网科技报道 记者 郑湘琪】翻开"十五五"规划建议，"全面实施'人工智能+'行动，以人工智能引 领科研范式变革，加强人工智能同产业发展、文化建设、民生保障、社会治理相结合"的新部署，为进 一步推进"人工智能+"行动规划长远路径。 更具象征意义的是"隔空抓药"应用，终端客户仅需上传一张问题面板图片，星智大模型便能快速诊断成 因并提供解决方案，这彻底改变了传统的远程技术支持模式，将专家经验沉淀为可复用的数字智能。而 从AI视觉检测（ADC）到自动缺陷修复（ADR）的进化，则完成了从"感知"到"决策执行"的闭环，打 通检、判、修全链路自动化，每年产生超5000万元效益。 对此，李东生进一步谈到，"未来，TCL各产业将进一步充分发挥AI技术的引领作用，提升研发效率， 加速关键技术突破和新产品开发；推动生产制造智能化升级，提升先进制造水平；以数据智能驱动决策 优化、供应链协同和管理精细化，不断增强企业运营效能。" 而在新能源光伏赛道，AI的价值在于对成本的突破和对绿色能源的普惠推动。TCL中环的智慧工厂里， 一幕幕"黑灯生产"的景象正在成为常态。单名工程师可远程精准操控384台单晶炉的运行，晶片环节劳 ...

12月11日，2025 TCL全球技术创新大会（TIC2025）在广州举办。本次大会以"AI for Real（AI向实）"为主题，探讨AI如何走向真实场景实现应用落地，如 在B端通过提质增效推动技术普惠，在C端让产品回归"第一性原理"，重新定义出行、健康、观影、陪伴等场景。大会发布十大AI应用场景示范成果，发起 TCL全球AI人才引进计划，并分享多模态垂域大模型、AI赋能显示材料开发、具身智能、数字孪生等多项前沿AI应用展望。2025年TCL通过推进落实AI应 用，创造综合效益超10亿元。 何为"AI向实" 目前全球AI竞争日趋激烈，但竞争焦点多集中在模型参数与算力基础设施扩张上，导致AI技术空转、算力资源浪费、同质化内卷等问题，AI较多停留在技 术层，而未充分落地到应用层，导致无法大量创造出实际的价值，难以让AI科技真正普惠到每一个人。 与全球AI基建投资热潮、大模型内卷态势不同，以TCL为代表的中国企业聚焦"AI向实"，推动AI与实体经济融合，让AI走向场景落地应用，实现真实价值创 造。 TCL创始人、董事长李东生在大会现场发言称："TCL持续加大AI技术投入，驱动研发、制造、供应链、运营等全链条革新， ...

Core Insights - The 2025 TCL Global Technology Innovation Conference (TIC2025) focused on the theme "AI for Real," discussing the practical application of AI in real-world scenarios and the creation of tangible value [1][2] - TCL aims to generate comprehensive benefits exceeding 1 billion yuan by advancing AI applications in various sectors by 2025 [1] Group 1: AI Integration in Industry - TCL emphasizes the integration of AI with the real economy, moving beyond theoretical concepts to practical applications that create real value [2] - The company is investing heavily in AI technology to drive innovation across the entire supply chain, including research, manufacturing, and operations [2] - The X-Intelligence 3.0 model, launched by TCL Huaxing, is the first domain-specific large model in the display field, enhancing knowledge systems and learning capabilities [2][3] Group 2: AI Empowerment in Manufacturing - In the semiconductor display and new energy photovoltaic sectors, TCL is integrating AI to enhance manufacturing, research, and operational efficiency [3][4] - The Auto Defect Classification (ADC) technology has improved defect detection accuracy from 85% to 95%, significantly enhancing production efficiency [3] - The X-Intelligence model ranks first in the display field and has improved product development efficiency by 20% and material development efficiency by 30% [3] Group 3: AI Applications in New Energy - TCL Zhonghuan utilizes the Deep Blue AI model for automated operations in single crystal growth, allowing remote control of up to 384 furnaces [4] - The company has achieved zero human contact in the intelligent packaging line, with silicon wafer production waste reduced to below 0.1% [4] Group 4: AI Empowerment in Consumer Products - TCL is redefining consumer experiences through AI in various scenarios, including travel, health, and entertainment [6] - The AI/AR glasses developed by TCL serve as personal AI assistants, enhancing user experiences in exploration [6] - The TCL AiMe robot offers emotional companionship and human-like interaction, representing a new frontier in technology-assisted companionship [6]

Core Viewpoint - The company is experiencing significant short-term performance growth driven by domestic subsidy policies and the resolution of export tariff uncertainties, with a positive long-term outlook for global high-end market share and supply chain advantages, as well as innovation and cost efficiency improvements, maintaining a "strong buy" investment rating [1] Group 1: Financial Performance - In the first half of 2025, the company's revenue reached HKD 54.777 billion, a year-on-year increase of 20.4%, primarily driven by a doubling in revenue from innovative businesses, especially in the photovoltaic sector, and steady growth in the display business [1] - The company's net profit attributable to shareholders increased by 67.8% year-on-year to HKD 1.09 billion, with adjusted net profit rising by 62.0% to HKD 1.06 billion, significantly outpacing revenue growth due to successful high-end transformation in the display business and product structure optimization [1] - Overall expense ratio decreased by 1.0 percentage points to 11.5%, contributing to profit growth [1] Group 2: Display Business - In the first half of 2025, TCL TV's global shipment volume increased by 7.6% year-on-year to 13.46 million units, achieving a market share of 14.2%, ranking among the top two globally [2] - The product structure continues to optimize, with Mini LED TV shipments soaring by 176.1% year-on-year to 1.37 million units, capturing a market share of 28.7%, making it the global leader [2] - The average shipment size globally increased to 53.4 inches, with significant growth in both domestic and international markets, particularly in North America where shipments of 65-inch and larger products grew by 60.5% [2] Group 3: Innovative Business - The photovoltaic business revenue surged by 111.3% year-on-year to HKD 11.136 billion, accounting for 20.4% of total revenue, driven by a "relatively light asset" model and expansion into overseas markets [3] - The company is strategically positioning itself in AI and IoT, with its innovative Thunderbird brand leading in the AR/XR field, launching multiple new products in the first half of 2025 [3] - The company introduced the world's first split-type smart home companion robot, TCL AiMe, showcasing its leading capabilities in the integration of AI, IoT, and robotics [3]

Core Viewpoint - TCL Electronics has achieved significant growth in a slowing global television market, driven by a mid-to-high-end product strategy and innovative business layout, resulting in impressive financial performance for investors [1]. Financial Performance - In the first half of 2025, TCL Electronics reported revenue of HKD 54.78 billion, a year-on-year increase of 20.4%, and adjusted net profit rose by 62.0% to HKD 1.06 billion [1]. - Overall expense ratio decreased by 1 percentage point to 11.5%, while cash and cash equivalents grew by 30.4% to HKD 11.44 billion [1]. Television Business - TCL's television business maintained strong growth, with a shipment growth rate of 12.5%, securing a 15.2% market share, up from 13.8% [2]. - The company's Mini LED television shipments surged by 176.1% to 1.37 million units, capturing a 28.7% market share, making TCL the global leader in Mini LED TV shipments [3]. - The average selling price of televisions exceeded HKD 2,100, reflecting a 1.7% year-on-year increase, and the gross margin for the television business improved by 0.5 percentage points to 15.9% [3]. Regional Performance - In the Chinese market, TCL's revenue reached HKD 8.72 billion, a 4.4% increase, with a gross margin improvement of 1.7 percentage points to 19.4% [4]. - In North America, TCL's Mini LED TV shipments grew by 349.6%, with a significant increase in average selling price by 12.6% [4]. - In Europe, TCL's television shipments rose by 13.3%, with a notable increase in large-size product sales [5]. Internet and Innovation Business - TCL's global internet business revenue reached HKD 1.46 billion, a 20.3% increase, with a gross margin of 54.4% [7]. - The innovation business revenue surged by 42.4% to HKD 19.88 billion, with solar energy business revenue reaching HKD 11.14 billion, a 111.3% increase [8]. - The company has established a strategic shift towards becoming a "smart energy solution provider," enhancing its business model to include revenue sharing and operational service fees [11]. Market Trends and Future Outlook - The consumer electronics market is experiencing a shift towards AR/XR and AI robotics, with TCL positioning itself in these high-growth areas [12]. - TCL's strategic partnerships and innovative product offerings are expected to drive future growth and maintain its competitive edge in the evolving market landscape [13]. - The company's diversified approach and strong financial metrics indicate a promising outlook for sustained profitability and shareholder value [14][15].

Investment Rating - The investment rating for TCL Electronics is "Buy" and is maintained [7]. Core Views - The report highlights that TCL Electronics achieved a revenue of HKD 54.777 billion in the first half of 2025, representing a year-on-year growth of 20.4%. The net profit attributable to shareholders reached HKD 1.09 billion, a significant increase of 67.8% year-on-year. The adjusted net profit attributable to shareholders was HKD 1.06 billion, up 62.0% year-on-year [4][6]. Summary by Sections Business Performance - The display business continues to improve, with TCL TV global shipments reaching 13.46 million units in the first half of 2025, a year-on-year increase of 7.6%. Mini LED TV shipments surged by 176.1% to 1.37 million units, maintaining the global leading position. In the Chinese market, the high-end strategy has shown significant results, with Mini LED TV shipments' market share increasing by 12.6 percentage points to 21.2% [7][8]. - The international market for TCL TVs saw a year-on-year shipment increase of 8.7%, with Mini LED TV shipments growing by 196.8%. In North America, while total shipments declined, the product structure improved significantly, with shipments of TVs larger than 65 inches increasing by 60.5% [7][8]. Financial Metrics - The overall gross margin for the company decreased by 0.6 percentage points to 15.3%, primarily due to the increased revenue share from the lower-margin solar business. However, the gross margin for the display business improved by 0.1 percentage points to 15.6% due to the advancement of the high-end strategy and product structure optimization [7][8]. - The report indicates that the overall expense ratio decreased by 1.0 percentage points to 11.5%, with sales and distribution expenses decreasing by 1.1 percentage points to 7.3% [7][8]. Future Outlook - The report suggests that the black electrical appliance industry continues to present structural opportunities. TCL is expected to expand its global market share in black electrical appliances, enhance the proportion of high-end products, and optimize operational efficiency to achieve high profit growth. The projected net profits for 2025, 2026, and 2027 are HKD 2.405 billion, HKD 2.868 billion, and HKD 3.386 billion, respectively, with corresponding P/E ratios of 10.17, 8.53, and 7.22 [7][8].

Investment Rating - The investment rating for TCL Electronics is "Buy" with a target price not specified [5][4]. Core Views - TCL Electronics is a leading player in the global TV industry, with a focus on high-end products and global operations driving steady market share expansion [4]. - The company has shown strong revenue growth in various segments, particularly in the display business and internet services, indicating robust operational performance [2][3]. - The strategic focus on cost control and efficiency improvements has led to enhanced profitability, with adjusted net profit showing significant year-on-year growth [3][4]. Summary by Sections Financial Performance - For the first half of 2025, TCL Electronics reported revenue of HKD 54.78 billion, a year-on-year increase of 20.4%, and an adjusted net profit of HKD 1.06 billion, up 62% [1]. - The display business generated revenue of HKD 33.42 billion, with significant contributions from large-size displays and smart commercial displays [2]. Business Segments - The display segment saw a revenue increase of 10.9%, with large-size displays growing by 9.4% and smart commercial displays by 9.4% [2]. - Internet business revenue rose by 20.3% to HKD 1.46 billion, with overseas revenue increasing by 46.3% [2]. - The photovoltaic business experienced remarkable growth, with revenue up 111.3% to HKD 11.14 billion [2]. Profitability and Cost Management - The overall gross margin for the first half of 2025 was 15.3%, slightly down by 0.6 percentage points due to a higher proportion of low-margin photovoltaic business [3]. - The company effectively reduced its overall expense ratio, leading to an increase in adjusted net profit margin by 0.5 percentage points to 1.9% [3]. Future Outlook - TCL Electronics is actively expanding into new business areas such as smart glasses and companion robots, with significant market share achievements in these segments [3]. - The company is expected to maintain strong growth in adjusted net profit, projected at HKD 2.34 billion, HKD 2.84 billion, and HKD 3.35 billion for 2025, 2026, and 2027 respectively [4].