TCL Electronics (01070.HK) Delivers Strong Growth in 2026 Interim Results
PR Newswire
HONG KONG, Aug. 28, 2026
Adjusted Profit Attributable to Owners of the Parent Surges by 54.3% YoY to HK$1.64 BillionAcquisition of TCL Air Conditioning Business to Advance All-Category Smart Device LayoutResults and Operational HighlightsLeveraging the strategy of "Globalisation" and "Premiumisation", TCL sustained strong growth momentum in operational performance. In the first half of 2026, revenue increased by 16.4% year-on-year ("YoY") to HK$63.76 billion, adjusted profit attributable to owners of the parent increased by 54.3% YoY to HK$1.64 billion.TV business: In the first half of 2026, overall revenue from the TV business increased by 24.3% to HK$35.25 billion YoY and TCL TV ranked 2nd globally by shipment[1], of which global shipment of Mini LED TV increased by 77.1%, with shipment remaining No. 1 globally[2]. International markets are still the core growth driver of the Company. Gross profit in international markets increased by 70.6% YoY to HK$4.82 billion.Internet business: In the first half of 2026, revenue from the internet business increased by 16.1% to HK$1.69 billion YoY, while gross profit amounted to HK$1.03 billion, increased by 30.4% YoY. Among these, the high-margin international internet business recorded a YoY growth of 74.6% in revenue, accounting for over 50% of total revenue and driving the overall gross profit margin up to 61.1%, with profitability continuing to improve.Innovative business: In the first half of 2026, innovative business maintained steady development with revenue grew YoY by 2.5% to HK$20.37 billion.Strategic acquisition: TCL Electronics announced the proposed acquisition of TCL Industries Holdings' air-conditioning-related business. The acquisition aims to advance its "all-category smart device" layout strategy and further expand the Company's revenue and profitability.HONG KONG, Aug. 28, 2026 /PRNewswire/ -- TCL Electronics Holdings Limited ("TCL Electronics" or the "Company", 01070.HK) today announced its unaudited interim results for the six months ended 30 June 2026. Benefitting from the effective implementation of its strategies of deepening global channel penetration and upgrading its mid-to-high-end product portfolio, the Company recorded a 16.4% increase YoY in revenue to HK$63.76 billion. The increase in shipment from Mini LED and large-sized products drove a notable improvement in overall ASP, while gross profit recorded YoY increase of 30.3% to HK$10.90 billion.
