HONG KONG – September 03, 2026 -- TCL Electronics Holdings Limited (01070.HK) reported adjusted profit attributable to shareholders of HKD 1.64 billion for the first half of 2026, up 54.3% year-on-year, as revenue climbed 16.4% to HKD 63.76 billion.
Gross profit rose 30.3% to HKD 10.90 billion, while net profit after tax reached HKD 1.62 billion. Annualized return on equity improved 4.2 percentage points to 16.5%. Overall expense ratio was held at 11.7% of revenue, which the company attributed to AI-driven operational efficiency and scale economies.
TV shipments cement TCL's number-two global ranking as Mini LED sales surge 77.1%
Television revenue grew 24.3% to HKD 35.25 billion, with gross margin expanding 3.4 percentage points to 19.3%. TCL TV held a 14.9% global shipment market share, up 0.7 percentage points, ranking second worldwide, according to Omdia data cited by the company. Global Mini LED TV shipments reached 2.43 million units, up 77.1%, keeping TCL in the top shipment position for that category.
International markets drive gross margin up 70.6% as revenue hits HKD 25.44 billion
International TV revenue rose 29.6% to HKD 25.44 billion, accounting for 72.2% of total TV sales, with gross margin climbing 70.6% to HKD 4.82 billion. In Europe, penetration of key sales channels reached 75%, lifting regional revenue 17.2%. North American revenue and average selling price rose 26.3% and over 18%, respectively, while emerging-market revenue grew 37.3%. China revenue increased 12.5% to HKD 9.81 billion.
Internet segment revenue climbs 16.1% as TCL Channel platform tops 53.59 million users
Internet business revenue reached HKD 1.69 billion, up 16.1%, with gross margin up 30.4% to HKD 1.03 billion. International internet revenue grew 74.6%, now exceeding half of total internet revenue and lifting overall gross margin to 61.1%. TCL Channel added more than 110 local channels across the U.S., Brazil and France, with live-content viewing time up 131% and video-on-demand viewing up 106%. Cumulative platform users exceeded 53.59 million by end-June 2026.
Company moves to acquire TCL's air conditioning unit for HKD 5.61 billion
Announced July 15, 2026, the acquisition is expected to close in the fourth quarter of 2026, expanding TCL Electronics' smart-device portfolio into HVAC. The company cited rising demand from extreme weather events, emerging-market penetration and energy-efficiency retrofits as growth drivers for the sector.
Sony joint venture and investment-grade ratings signal capital-market recognition
On March 31, 2026, TCL Electronics signed a framework agreement with Sony to form a joint venture in home entertainment, combining technology, branding and supply-chain resources. The company also received its first investment-grade ratings from Moody's, S&P Global Ratings and Fitch Ratings, and was ranked 12th in Gartner's 2026 Asia-Pacific Supply Chain Top 15. It was also added to the Hang Seng Composite Large-Cap & Mid-Cap Index and the Hang Seng SCHK Electronics Theme Index.
Innovation segment revenue reaches HKD 20.37 billion as TCL AiMe robot launches
Innovative businesses posted revenue of HKD 20.37 billion, up 2.5%, with the photovoltaic segment growing 2.3% to HKD 11.39 billion through an asset-light model focused on core European markets. In August 2026, the company launched TCL AiMe, described as the world's first companion robot with modular design, human-like facial expressions and whole-home voice interaction.