HONG KONG, August 28, 2026: TCL Electronics Holdings Limited reported strong first-half 2026 growth, with revenue rising 16.4% year-on-year to HK$63.76 billion and adjusted profit attributable to owners of the parent surging 54.3% to HK$1.64 billion, as its globalisation and premiumisation strategies continued to lift performance.
The Hong Kong-listed company, trading under stock code 01070.HK, said the increase was supported by deeper global channel penetration, a stronger mid-to-high-end product portfolio, higher shipments of Mini LED and large-screen products, and an improvement in average selling price. Gross profit rose 30.3% year-on-year to HK$10.90 billion, while profit after tax increased 54.4% to HK$1.62 billion.
TCL Electronics said improved operating efficiency, the use of AI and digital tools, and economies of scale helped strengthen profitability, while annualised return on equity increased by 4.2 percentage points to 16.5%. The company was also ranked 12th in Gartner’s 2026 Asia-Pacific Supply Chain Top 15, which it said reflected the strength of its global supply chain system.
Mini LED and Large-Screen TVs Lead Display Growth
The TV business remained the core growth engine. Revenue from the segment increased 24.3% to HK$35.25 billion, while gross profit rose 50.5% to HK$6.79 billion. Gross profit margin improved by 3.4 percentage points to 19.3%. TCL TV’s global shipment market share reached 14.9%, maintaining its No. 2 position globally, while its global sales revenue market share ranked among the top three.
Mini LED continued to be a strategic differentiator. Global shipment of TCL Mini LED TVs reached 2.43 million units, up 77.1% year-on-year, with TCL maintaining the No. 1 global position in Mini LED TV shipment.
International markets remained the company’s strongest growth driver. TV revenue from international markets rose 29.6% to HK$25.44 billion, accounting for 72.2% of TCL TV revenue. Gross profit from these markets increased 70.6% to HK$4.82 billion, while gross profit margin improved to 18.9%. Revenue in Europe rose 17.2%, North America revenue increased 26.3%, and emerging markets revenue grew 37.3%.
Internet Business Strengthens Monetisation
TCL’s internet business also maintained strong momentum. Revenue increased 16.1% to HK$1.69 billion, while gross profit rose 30.4% to HK$1.03 billion. The high-margin international internet business recorded 74.6% revenue growth, accounting for more than half of total internet revenue and lifting overall gross profit margin to 61.1%.
The company deepened partnerships with Google, Roku and Netflix, while the TCL Channel platform added more than 110 local channels across the United States, Brazil and France. Viewing time for live-streaming content increased 131%, video-on-demand viewing time rose 106%, and cumulative users of the platform exceeded 53.59 million by the end of June 2026.
Air Conditioning Acquisition and Smart Device Expansion
TCL Electronics said its proposed acquisition of TCL Industries Holdings’ air-conditioning-related business for HK$5.61 billion, announced on July 15, is expected to support its all-category smart device strategy. Subject to conditions, the deal is expected to close in the fourth quarter of 2026 and be consolidated into the company’s financial statements.
The acquisition comes as the global HVAC market is seeing demand from extreme weather, higher penetration in emerging markets, and energy-efficiency upgrades. TCL said the transaction would strengthen its earnings base and allow it to unlock synergies across globalisation, branding and supply chains.
The company also launched TCL AiMe in August 2026, described as the world’s first companion robot, with modular design, human-like facial-expression interaction and whole-home voice collaboration. TCL said the product is expected to open a new opportunity in consumer electronics.
Looking ahead, TCL Electronics said it will continue to consolidate its global business foundation, pursue premiumisation, strengthen ecosystem profit contribution and cultivate diversified growth drivers through its smart device ecosystem and home entertainment platform jointly established with Sony.