Business
TCL Electronics (01070.HK) Maintains Strong Growth in Q1 2026
TCL Electronics Holdings Limited ("TCL Electronics" or the "Company", 01070.HK) today announced its unaudited results for the first quarter ended 31 March 2026. In the first quarter of 2026, the Company firmly advanced its strategies of "Globalisation" and "Mid-to-High-End Positioning", enhanced product competitiveness, reduced costs and improved efficiency, driving its core business to achieve quality growth. In the first quarter, the Company recorded revenue of HK$29.2 billion, representing a
About this update from Tcl Electronics Holdings Limited
[{"type":"text","content":"Adjusted Profit Attributable to Owners of the Parent Surges by 140.0% YoY to HK$384 Million","length":91,"tagName":"p","attribs":{}},{"type":"text","content":"Officially Partnered with Sony to Expand the Global Home Entertainment Industry","length":84,"tagName":"p","attribs":{}},{"type":"text","content":"Results Highlights","length":23,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Leveraging the dual-drive strategy of "Globalisation" and "Mid-to-High-End Positioning", TCL Electronics sustained strong momentum in operational performance. In the first quarter of 2026, revenue increased by 15.3% YoY to HK$29.2 billion, profit after tax increased by 236.0% YoY to HK$392 million, and adjusted profit attributable to owners of the parent increased by 140.0% YoY to HK$384 million. The Company's operational efficiency continued to improve, with overall expense[1] ratio decreasing by 0.7 percentage points YoY to 12.5%.","length":562,"tagName":"p"}]},{"val":[{"type":"text","content":"In the first quarter of 2026, TCL TV's market share remained among the top three in over 20 countries worldwide[2]; TCL Mini LED TV maintained high growth, with global shipment increasing by 102.1% YoY, and overseas market TCL Mini LED TV shipment surging by 178.3% YoY. In the first quarter, the gross profit margin of the overseas large-sized display business was driven up by 3.7 percentage points YoY to 16.6%.","length":418,"tagName":"p"}]},{"val":[{"type":"text","content":"The internet business sustained high profitability. In the first quarter of 2026, revenue increased by 13.2% YoY to HK$740 million, and gross profit margin improved significantly by 10.6 percentage points YoY to 65.0%. As of the end of March, cumulative users of TCL Channel exceeded 49.5 million.","length":297,"tagName":"p"}]},{"val":[{"type":"text","content":"The innovative business continued its scale expansion, with revenue in the first quarter of 2026 increasing by 8.1% YoY to HK$9.0 billion. Among these, the photovoltaic business continued its steady growth momentum, with revenue increasing by 12.7% to 4.8 billion, and newly installed capacity exceeding 1.3GW.","length":310,"tagName":"p"}]},{"val":[{"type":"text","content":"In March 2026, TCL Electronics entered into a legally binding definitive agreement with Sony to fo...