TCL Electronics (01070) announced interim results, net profit of HK$1,529 billion increased by 40.2% year-on-year, and continued implementation of globalization and high-end strategies

According to the Zhitong Finance App, TCL Electronics (01070) announced interim results for the six months ended June 30, 2026. The group's revenue was HK$63.73 billion, up 16.4% year on year; net profit to mother was HK$1,529 billion, up 40.2% year on year; and gross profit of HK$10.904 billion, up 30.3% year on year.

In the first half of 2026, the Group showed continued improvement in business and steady improvement in the quality of operations. Benefiting from the continued expansion of brand influence, the strategic cultivation and expansion of the global channel network, and the continuing deepening trend of product structure upgrades to mid-range and high-end, large screen upgrades, showing that overall business revenue increased 24.7% year on year to HK$41,682 billion, gross profit increased 48.0% year on year to HK$7.694 billion, and gross margin increased 2.9 percentage points to 18.5% year on year. In the first half of 2026, TCL TV remained the top two in global shipments. Among them, global shipments of Mini LED TVs increased by 77.1% year-on-year, and the scale of shipments steadily ranked first in the world. In terms of regional expansion, the Group continues to improve channel coverage and terminal penetration capabilities. TCL TV has ranked in the top three retail markets in more than 20 countries.

In the first half of 2026, the Group's Internet business fully grasped the opportunities brought by the iteration of AI technology, continued to expand service boundaries around the global household scene, and achieved both scale expansion and profit quality improvement. On the international market side, relying on the leading edge in global TV terminal scale, the Group continues to deepen strategic cooperation with global Internet giants to drive rapid revenue growth through diversified models such as pre-installed fees and operating sharing; in the Chinese market, it focuses on scenario innovation and AI business innovation, and uses a self-developed AI content ecosystem to promote software and hardware collaboration between TV terminals and various smart hardware to help release profits. In the first half of 2026, Internet business revenue increased 16.1% year-on-year to HK$1,693 billion, gross margin further increased by 6.7 percentage points to 61.1%, and the profitability of the asset-light operating model continued to increase.

The innovative business developed steadily, with revenue growth of 2.5% year-on-year to HK$20.373 billion in the first half of 2026, with revenue from the smart connectivity and smart home business growing 15.5% year-on-year. In terms of the photovoltaic business, in the face of increased competition in the photovoltaic market in the first half of 2026, the Group continues to adhere to the “relatively asset-light” position, build market-based electricity trading capabilities, and deepen channel cooperation. Operational efficiency and relative competitiveness continue to improve, and achieve high-quality development.