TCL Drives the Future of the Smart Display Industry
TCL is the abbreviation of "The Creative Life".
TCL Electronics Holdings Limited (01070.HK, incorporated in the Cayman Islands with limited liability, "TCL Electronics" or the "Company") was listed on the mainboard of the Hong Kong Stock Exchange in November 1999. It is engaged in display business, innovative business and internet business. TCL Electronics actively transforms and innovates under the strategy of "Lead with Brand Value, Excel in Global Efficiency, Drive with Technology, Thrive on Global Vitality". Focusing on the mid-to-high-end markets around the world, the Company strives to consolidate the "Intelligent IoT Ecosystem" strategy and is committed to providing users with an all-scenario smart and healthy life while developing into a world-leading smart technology company. TCL Electronics is part of the Shenzhen-Hong Kong Stock Connect program and is included in the Hang Seng Stock Connect Hong Kong Index, the Hang Seng Composite MidCap & SmallCap Index and the Hang Seng Corporate Sustainability Benchmark Index. Besides, it has received Hang Seng Index's ESG rating of A for consecutive years since 2018.
The "Mid-to-High-End + Globalisation" Strategy is Demonstrating Effectiveness, with a Continuous Enhancement of Global Brand Reputation
Having been developing overseas markets for over 20 years, TCL Electronics took the lead in implementing a global development strategy. Leveraging its vertically integrated supply chain, the Company is becoming a leading player in global consumer electronics industry. In 2024, TCL Electronics continued to expand and deepen the coverage of key channels in multiple regions such as North America, Europe, Latin America, Asia-Pacific, Middle East and Africa, driving TCL TV to rank among the top three in terms of sales volume in nearly 20 countries around the world1. In 2024, the global shipment of the TCL TV increased by 14.8% year-on-year to 29 million sets, with the market share in terms of shipment increasing by 1.4 percentage points year-on-year to 13.9%, ranking among the top two TV brands in the world2 and significantly outperforming the industry average. In February 2025, TCL officially announced its status as a Worldwide Olympic Partner. In future collaboration, TCL will provide technology, product and service support for the Olympic Games, focusing on smart device segments such as TVs, air conditioners, refrigerators and washing machines.
TCL Electronics continues to invest in and develops cutting-edge display technologies and AI-empowered consumer products, with a commitment to pioneering the development and application of high-end display products. In 2024, global shipment of TCL Mini LED TV exceeded 1.7 million sets, with a year-on-year growth of 194.5%, and its global market share in terms of shipment increased by 4.3 percentage points year-on-year to 28.8%, ranking first in the world3, with significant breakthrough achievements in the Mid-to-High-End market. In the future, the Company will continue to focus its investments on the R&D of cutting-edge display technologies such as Mini LED and QLED, thereby consolidating its leading position in the industry.
Simultaneously, the Company seizes nascent opportunities to launch innovative business including all-category marketing, distributed PV, smart glasses and AI robotics, multi-dimensional mining of consumer demand, and steadily deepen the global presence of its home Internet business. In 2024, the Company continued to strengthen its close cooperation with internet giants such as Google, Roku and Netflix, and comprehensively upgraded the integrated content application TCL Channel, continuously enhancing the traffic monetisation capacity of the overseas business. As at the end of 2024, TCL Channel has covered overseas markets globally, with more than 32.6 million cumulative users.
Going forward, TCL Electronics will continue to deepen its "Mid-to-High-End + Globalisation" layout. The Company will continue to uphold the concept of sustainable development and aims to create value for customers, build platforms for employees, generate returns for Shareholders, and take social responsibilities, striving towards the vision of becoming a "world-leading smart device enterprise".
1 Source: U.S./Canada/Mexico retail market survey report of Circana, global market survey report of GfK, based on TV retail sales volume in January 2024 to December 2024.
2 Source: Global brand TV shipment of 2024 from Omdia.
3 Source: Global Mini LED TV shipment of 2024 from Omdia.
updated 23rd April, 2025
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