TCL Electronics sees robust profit, revenue growth in first half

TCL Electronics Holdings Limited reported a substantial 60.5% year-on-year increase in profit after tax to HK$1,048 million for the six months ended June 30, 2025. Revenue rose 20.4% year-on-year to HK$54,777 million, with gross profit also climbing 16.0% to HK$8,366 million. Profit attributable to owners of the parent grew 67.8% year-on-year to HK$1,090 million. The company's adjusted profit attributable to owners of the parent reached HK$1,060 million, a 62.0% increase. The overall expense ratio decreased by 1.0 percentage point year-on-year to 11.5%.

The display business saw revenue increase by 10.9% to HK$33,419 million, with large-sized display gross profit margin improving to 15.9%. Global shipment of TCL TV grew 7.6% to 13.46 million sets, while Mini LED TV shipments soared 176.1% to 1.37 million sets. Innovative business revenue surged 42.4% year-on-year to HK$19,875 million, driven by the photovoltaic business, which more than doubled its revenue to HK$11,136 million.

R&D investments continued, with costs rising 5.6% to HK$1,154 million, focusing on advanced display technologies and AI capabilities. The company unveiled the modular AI companion robot, TCL AiMe, and launched new AR/XR smart glasses, with RayNeo smart glasses securing a No.1 market share in online sales during the 618 Shopping Festival.