Core Viewpoint - TCL showcases its innovative achievements at CES 2026, emphasizing its commitment to the "screen universe" and "AI life" through its participation in the event, marking its 33rd attendance and maintaining its status as the largest Chinese brand exhibitor [1] Group 1: Product Innovation - TCL's display products are positioned as key interactive carriers in the AI era, with a focus on creating a comprehensive "screen universe" ecosystem through various applications from smart homes to intelligent cockpits [3] - The TCL X11L SQD-Mini LED TV, making its North American debut, features advanced technologies that enhance color accuracy, brightness, and overall design, positioning it as a leader in Mini LED technology [3] - The world's first printed OLED vehicle screen by TCL, designed for high-end smart cockpit interactions, boasts over 90% material utilization, representing a significant upgrade in display quality at a lower cost [5] Group 2: AI Integration - TCL is actively integrating AI into its products, focusing on health and comfort, with innovations like the TCL X3 Pro Project eSIM AR glasses, which offer independent communication capabilities and various AI functions [7] - The company anticipates a 29.6% year-on-year increase in global air conditioner sales, projecting over 20 million units sold in 2024, highlighting its commitment to enhancing user experience through AI applications [7] Group 3: R&D Investment - TCL has invested over 60 billion yuan in R&D from 2019 to 2024, with a total of 119,352 patents filed as of November last year, underscoring its dedication to technological advancement [9] Group 4: Global Expansion - TCL's global journey, initiated in 1999, is now in its 27th year, with a focus on strengthening its global presence and innovation capabilities, particularly in North America, where it ranks second in TV shipments [10] - The company aims to deepen its engagement in high-tech industries and advance upstream in the supply chain, while continuing to invest in R&D and exploring cutting-edge technologies [10]

在核心的显示技术领域，不同于海信等企业主攻的RGB-Mini LED多芯架构或三星等企业押注的Micro RGB路线，TCL华星选择在印刷OLED技术上寻求突围。据悉，本届展会上TCL将展出全球首款基于印 刷OLED屏幕的座舱显示方案。 除了显示基本盘，"AI向实"也成为TCL本届参展的另一关键词。面对行业内具身智能和AI原生终端的爆 发式增长，TCL将重点展示其在"AI生活"领域的全场景布局。据悉，雷鸟AI/AR眼镜、TCL AiMe陪伴 机器人以及一系列植入AI算法的空冰洗家电将集中发布。 1月4日，南都湾财社记者从TCL方面获悉，其作为本届展会最大的中国参展商，TCL实业与TCL科技 （000100）此次展位的面积将达2453平方米，在显示技术与AI应用两大赛道上，与三星、LG及索尼等 国际巨头展开正面角逐。 2026被行业普遍视为"AI硬件落地元年"，从芯片算力到终端应用，AI正从云端加速向边缘侧渗透。在这 一背景下，TCL相关负责人向记者表示，本届参展策略从单纯的硬件参数堆叠，转向了"屏显+AI"的生 态卡位。 1月6日，被誉为"科技春晚"的国际消费电子展（CES 2026）将在美国拉斯维加斯启幕。 ...

Group 1 - The CES 2026, known as the "Spring Festival of Technology," will take place in Las Vegas, showcasing a pivotal moment for global competition among display and consumer electronics giants from China, Japan, and South Korea [2] - TCL, as the largest Chinese exhibitor, will have a booth area of 2,453 square meters, competing directly with international leaders like Samsung, LG, and Sony in the fields of display technology and AI applications [2] - 2026 is widely regarded as the "year of AI hardware implementation," with AI transitioning from cloud to edge applications, prompting TCL to shift its exhibition strategy from merely showcasing hardware specifications to focusing on an "AI + display" ecosystem [2] Group 2 - In addition to its display technology, TCL will emphasize "AI in practice" as a key theme at the exhibition, highlighting its comprehensive layout in the "AI life" sector [3] - TCL plans to unveil products such as the Thunderbird AI/AR glasses, the TCL AiMe companion robot, and a range of AI-integrated home appliances, showcasing its commitment to the growing market of embodied intelligence and AI-native terminals [3]

诚邀莅临美国拉斯维加斯会展中心中央展厅#18604号TCL展位，亲身体验"屏显+AI"融合创新的前沿成 果，感受中国科技在全球舞台上的领先实力。（文智） 【环球网科技综合报道】2026年国际消费电子展（CES 2026）将于1月6日至9日在美国拉斯维加斯举 行。作为全球科技行业的风向标，本届展会再度吸引全球顶尖企业同台竞技。其中，TCL将以2453平方 米展位亮相本届展会。作为全球化科技品牌，TCL不仅成为CES 2026上参展面积最大的中国企业，也是 首个占据核心展区的中国展商，充分体现了TCL全球影响力的持续提升。 与此同时，TCL还将展示其在"AI生活"领域的全场景布局，推出多款AI智能终端产品，涵盖雷鸟AI/AR 眼镜、TCL AiMe陪伴机器人、AI空调、AI冰箱、AI洗衣机、智能门锁及智能投影等。基于"屏显 +AI"深度融合的趋势，TCL以"AI向实"为方向，进一步呈现其在人、车、家生态协同中的前沿解决方 案。 2026年正值TCL成立45周年，TCL正持续强化其产业纵深与全球布局，在TCL创始人、董事长李东 生"在海外再造五个TCL"的目标引领下，持续深化全球化实践。TCL北美区域经营中心正成为 ...

Core Viewpoint - TCL Electronics has demonstrated strong performance in the context of a slowing global black electronics market, achieving quality growth in its core business and significant innovation breakthroughs, leading to a 20.4% year-on-year revenue increase to HKD 54.78 billion in the first half of 2025 [1][2]. Financial Performance - In the first half of 2025, TCL Electronics reported a post-tax profit of HKD 1.05 billion, a 60.5% increase year-on-year, and an adjusted net profit attributable to shareholders of HKD 1.06 billion, up 62.0% year-on-year [1]. - The company's television business revenue grew by 9.4% to HKD 28.35 billion, with a gross margin increase of 0.5 percentage points to 15.9% [5]. Strategic Focus - TCL Electronics is committed to a "high-quality development" strategy, aiming for long-term goals where net profit growth outpaces revenue and sales growth [2]. - The company is focusing on a "mid-to-high-end + globalization" strategy to navigate the current market uncertainties and enhance its competitive position [2]. Market Trends - The TV market is experiencing structural growth trends towards larger and higher-end products, with a significant increase in demand for Mini LED technology [3][4]. - The domestic TV market has surpassed a 50% penetration rate for large screens, while the overseas market is gradually catching up, presenting opportunities for TCL [3]. Innovation and Technology - TCL Electronics is exploring Micro LED technology and AI to enhance operational efficiency and expand into new markets such as smart glasses and companion robots [2][9]. - The company launched the 163-inch Micro LED television X11H Max, featuring advanced specifications that enhance picture quality [7]. Competitive Position - TCL Electronics has solidified its position as the second-largest global TV manufacturer, with a 7.6% year-on-year increase in global TV shipments to 13.46 million units in the first half of 2025 [5]. - The company leads the global market in Mini LED TV shipments, showcasing its technological advancements and market responsiveness [5]. Future Outlook - The market for companion robots is projected to reach USD 117.3 billion by 2033, with a CAGR of approximately 18%, indicating significant growth potential for TCL's innovations in this area [13]. - TCL's strategic focus on AI and AR/XR technologies is expected to open new growth avenues, enhancing its brand presence globally [14].

Core Viewpoint - TCL Electronics reported a significant growth in its mid-year performance for 2025, driven by its "mid-to-high-end" and "globalization" strategies, achieving a 20.4% year-on-year revenue increase to HKD 54.78 billion [1] Group 1: Financial Performance - The company's after-tax profit for the first half of the year reached HKD 1.05 billion, marking a 60.5% increase year-on-year [1] - Adjusted net profit attributable to shareholders was HKD 1.06 billion, up 62.0% year-on-year [1] Group 2: Television Business - TCL's global television shipment volume increased by 7.6% year-on-year to 13.46 million units, maintaining its position among the top two globally [1] - The shipment of mid-to-high-end Mini LED televisions surged by 176.1% year-on-year to 1.37 million units [1] - Revenue from the large-size display business grew by 9.4% year-on-year to HKD 28.35 billion, with a gross margin increase of 0.5 percentage points to 15.9% [1] Group 3: Market Expansion and Innovation - In the domestic market, TCL's television shipment volume grew by 3.5% year-on-year, while international shipments rose by 8.7% [2] - The company is expanding its global production capacity, which has surpassed 30 million units annually, allowing for flexible allocation across regions [2] - TCL is investing in high-end display and AI technology, enhancing product and operational efficiency, and has upgraded its AI interaction on television [2] Group 4: New Business Ventures - TCL launched the world's first split-type smart home companion robot, TCL AiMe, at CES, integrating AI and IoT functionalities [3] - The company is collaborating with Ant Group to develop innovative digital payment solutions, leveraging AI and AR technologies [2][3] - Future strategies include deepening the "mid-to-high-end + globalization" approach, enhancing brand strength, and promoting digital transformation [3]

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 20.4% year-on-year revenue growth to HKD 54.78 billion for the first half of 2025, with adjusted net profit increasing by 62.0% to HKD 1.06 billion [1] - The company is enhancing operational efficiency through digital transformation and automation, leading to a 1.0 percentage point decrease in overall expense ratio [1] - The application of AI technology in product development and operations is expected to drive long-term growth, with new products like smart glasses and companion robots launched in the first half of 2025 [1] Group 1: Market Trends and Strategies - TCL Electronics is capitalizing on the trend of high-end and large-screen TVs, driven by consumer demand for superior viewing experiences [2] - The company is implementing a high-end strategy in the domestic market, supported by the "old-for-new" policy, leading to a significant outperformance in TV shipment volumes [2] - In the international market, TCL has established production bases in multiple countries, achieving an annual capacity of over 30 million units, allowing for flexible global distribution [2] Group 2: Product Performance and Innovations - In the first half of 2025, TCL's global TV shipments increased by 7.6% year-on-year to 13.46 million units, maintaining a top-two global ranking [2] - The Mini LED TV segment saw a remarkable 176.1% year-on-year growth in shipments, reaching 1.37 million units, positioning TCL as the global leader in this category [2] - The large-screen display business generated a revenue of HKD 28.35 billion, with a gross margin increase of 0.5 percentage points to 15.9% [2] Group 3: AI and New Business Ventures - TCL is increasing R&D investments in high-end display technologies and AI to enhance product competitiveness and support its global high-end strategy [3] - The company has upgraded its AI interaction capabilities in TVs, achieving industry-leading content hours exceeding 30,000 hours [3] - TCL's new ventures include the launch of the Thunder X3 Pro AR glasses and the TCL AiMe companion robot, marking significant advancements in the AI, IoT, and robotics integration [4]