Business
TCLE (01070.HK) Doubles Adjusted Profit attributable to Owners of the Parent YoY in 2024
TCL Electronics Holdings Limited ("TCL Electronics" or the "Company", 01070.HK) today announced its annual results for the year ended 31 December 2024. During the year, the growth of Company's large-sized display business far outperformed the industry, complemented by rapid scale expansion of the innovative business, the Company's revenue grew by 25.7% YoY to HK$99.32 billion in 2024. Meanwhile, the Company actively seized policy opportunities, and "mid-to-high-end + large-screen" strategies yie
About this update from Tcl Electronics Holdings Limited
[{"type":"text","content":"Adheres to Mid-to-High-End Strategy and Globalised LayoutAchieves Effective Global Scale Growth","length":101,"tagName":"p","attribs":{}},{"type":"text","content":"Results Highlights","length":18,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"TCL Electronics' mid-to-high-end and globalisation strategies yielded tangible results, enhancing its profitability significantly. In 2024, it achieved revenue of HK$99.32 billion, up 25.7% year-on-year ("YoY"), and adjusted profit attributable to owners of the parent[1] was HK$1.61 billion, representing a YoY increase of 100.1%","length":344,"tagName":"p"}]},{"val":[{"type":"text","content":"In 2024, shipment of TCL TV grew 14.8% YoY to 29 million sets, increasing its market share by 1.4 percentage points YoY to 13.9%, ranking it among the top two TV brands in the world[2]","length":184,"tagName":"p"}]},{"val":[{"type":"text","content":"Global shipment of TCL's mid-to-high-end Mini LED TV exceeded 1.7 million sets, with a rapid YoY growth of 194.5%, and the global market share in terms of shipment increased by 9.9 percentage points YoY to 22.5%, ranking second in the world[3]","length":247,"tagName":"p"}]},{"val":[{"type":"text","content":"Innovative business continued strong growth, with revenue up 44.9% YoY to HK$27.01 billion. Notably, revenue of the photovoltaic business rose significantly to 12.87 billion, representing a YoY increase of 104.4%, gross profit increased by 104.4% YoY, reaching 1.23 billion","length":273,"tagName":"p"}]},{"val":[{"type":"text","content":"The Board proposed a final dividend of HK31.8 cents per share in cash, representing a dividend payout ratio of 50% of adjusted profit attributable to owners of the parent, continuing high dividend policy to reward shareholders","length":226,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":1274,"olType":false},{"type":"text","content":"HONG KONG, March 21, 2025 /PRNewswire/ -- TCL Electronics Holdings Limited ("TCL Electronics" or the "Company", 01070.HK) today announced its annual results for the year ended 31 December 2024. During the year, the growth of Company's large-sized display business far outperformed the industry, complemented by rapid scale expansion of the innovative business, the Company's revenue grew by ...