Hong Kong – September 03, 2026 -- TCL Electronics Holdings Limited (01070.HK) reported a 54.3% year-on-year surge in adjusted net profit attributable to shareholders to HK$1.64 billion for the first half of 2026, as revenue climbed 16.4% to HK$63.76 billion.
Gross profit rises 30.3% on higher-margin Mini LED and large-screen shipments
Gross profit reached HK$10.90 billion in H1 2026, up 30.3% year-on-year, driven by increased average selling prices from Mini LED and large-format TV shipments. The company's overall expense ratio held at 11.7%, aided by AI-driven operational efficiency and scale economies. Annualized return on equity rose 4.2 percentage points to 16.5%.
TV revenue climbs 24.3% as TCL holds No. 2 global shipment ranking
TV business revenue rose 24.3% year-on-year to HK$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 jumped 77.1% to 2.43 million units, maintaining the top position in that segment.
International markets drive 70.6% gross margin growth in overseas TV sales
International TV revenue rose 29.6% to HK$25.44 billion, accounting for 72.2% of total TV revenue, with gross margin up 70.6% to HK$4.82 billion. In Europe, channel penetration reached 75%, lifting regional revenue 17.2%. North American revenue rose 26.3%, with average selling prices up more than 18%. Emerging-market revenue grew 37.3%. China revenue rose 12.5% to HK$9.81 billion.
Internet segment revenue up 16.1% as TCL Channel users surpass 53.59 million
Internet business revenue reached HK$1.69 billion, up 16.1%, with gross margin at HK$1.03 billion, up 30.4%. International internet revenue grew 74.6%, contributing over half of total internet revenue and lifting overall gross margin to 61.1%. TCL Channel added more than 110 local channels in the US, Brazil and France; live-streaming viewing time rose 131% and VOD viewing time rose 106% year-on-year. Average daily usage time in Europe, North America and Latin America increased 95%.
Company acquires TCL's air-conditioning unit for HK$5.61 billion
On July 15, 2026, TCL Electronics announced plans to acquire TCL's air-conditioning business for HK$5.61 billion, with completion expected in the fourth quarter of 2026, subject to conditions. The deal is intended to expand the company's smart-device ecosystem across product categories and strengthen its earnings base, leveraging its global sales network amid demand driven by extreme weather events and energy-efficiency retrofits.
Sony joint venture and new credit ratings underscore capital-market recognition
On March 31, 2026, the company signed a framework agreement with Sony to establish a joint venture in home entertainment, combining technology, branding and supply chain resources. TCL Electronics also entered the Hang Seng Composite Large-Cap & Mid-Cap Index and the Hang Seng SCHK Electronics Theme Index for the first time, and received inaugural investment-grade ratings from Moody's, S&P Global Ratings and Fitch Ratings. The company ranked 12th in Gartner's 2026 Asia-Pacific Supply Chain Top 15.
Solar business revenue rose 2.3% to HK$11.39 billion in H1 2026, while innovative business revenue overall grew 2.5% to HK$20.37 billion. The company launched the TCL AiMe companion robot in August 2026, described as the world's first with modular design, human-like facial expressions and whole-home voice interaction.