TCL Electronics Achieves Record Growth in 2025, Fueled by AI and Global Strategy
March 29, 2026, 4:44 pm
TCL Electronics reported stellar financial results for 2025. Revenue climbed 15.4% to HK$114.58 billion. Profit after tax surged 36.7%. Adjusted profit attributable to owners skyrocketed 56.5%. Strategic globalization and premium product focus were key. TCL Mini LED TVs dominate globally, holding the top market share. AI integration across R&D and products boosted internet business and new innovative ventures. Photovoltaic and AR/XR segments expanded rapidly. The company proposed a 56.6% increase in final cash dividends, reflecting strong financial health and commitment to shareholder returns. It signals continued high-quality development, powered by AI and global market leadership.
TCL Electronics marked 2025 as a year of significant growth. The company posted robust financial performance. Revenue reached HK$114.58 billion. This represented a 15.4% increase year-on-year. Profit after tax jumped 36.7%. It hit HK$2.53 billion. Adjusted profit attributable to owners of the parent soared even higher. It surged by 56.5% to HK$2.51 billion. Gross profit also rose. It achieved HK$17.90 billion, up 15.1%. Operational efficiency improved. The overall expense ratio dropped 0.7 percentage points. It now stands at 11.1%. These numbers reflect a strong fiscal year.
The company's success stemmed from a dual-drive strategy. "Globalisation" and "Mid-to-High-End" initiatives led the way. This approach boosted overall profitability. Shareholders also benefited. The Board proposed a final cash dividend of HK49.80 cents per share. This marked a 56.6% increase from the previous year. The dividend payout ratio reached 50%. This signals confidence in future performance.
Display products remained a core driver. The display business revenue grew 9.2%. It hit HK$75.80 billion. Gross profit margin for this segment increased. It rose 1.1 percentage points to 16.5%. Large-sized display products performed exceptionally well. Their revenue reached HK$64.71 billion. This was an increase of 7.7%. The gross profit margin for large displays specifically hit 16.8%. This marked a 1.3 percentage point rise.
TCL TVs maintained a strong global presence. Their global shipment ranking stayed at second position. Market share reached 14.7%. This was an increase of 0.8 percentage points. Mini LED technology proved a major triumph. TCL Mini LED TV global shipments surged 118.0% year-on-year. Their market share hit 31.1%. This firmly secured the top global position. TCL's leadership in high-end display segments is clear.
International markets were crucial for expansion. Large-sized display revenue from abroad grew 15.7%. It reached HK$47.50 billion. Gross profit in international markets increased by 29.4%. The gross profit margin improved to 15.1%. This was a 1.6 percentage point gain. The trend for larger screens accelerated globally. Shipments of 65-inch and above TCL TVs overseas jumped 50.0%. International Mini LED TV shipments surged a remarkable 228.0%.
TCL strengthened its international reach. In Europe, key channels are fully covered. Revenue increased by 13.9%. North America saw successful "Mid-to-High-End" strategy execution. Revenue there rose 11.2%. Average selling price (ASP) increased over 20%. Emerging markets like Latin America, the Middle East, Africa, and Asia-Pacific also saw strong growth. Localized operations drove a 19.8% increase in TCL TV revenue. TCL TVs ranked among the top 3 in retail sales volume in over 20 countries worldwide.
The PRC market also showed resilience. Despite a challenging consumer environment, TCL gained market share. The "Mid-to-High-End" strategy paid off. Mini LED TV shipments in China increased 33.6%. QLED TV shipments grew 29.6%. The average size of TCL TVs in China increased to 64.3 inches. Shipments of 65-inch and above TVs reached 57.6% of the total. This premium shift boosted the overall gross profit margin. It rose 1.9 percentage points to 21.7%.
Beyond large screens, other display segments grew. Small-to-medium display business revenue increased 17.8%. It reached HK$9.97 billion. Smart commercial display business revenue surged 28.4%. It hit HK$1.12 billion. These segments contribute to overall display strength.
The internet business demonstrated high profitability. Revenue increased 18.3% to HK$3.11 billion. The gross profit margin stood at 56.4%. TCL embraced AI technology. Overseas flagship models integrated Google Gemini. This enhanced AI interactive experiences. TCL Channel, a content aggregation application, saw comprehensive upgrades. Its global cumulative user base exceeded 45.70 million. Content appeal and monetization capabilities significantly improved.
In the domestic market, AI played a key role. TCL focused on AI content generation. It upgraded interactive experiences on its proprietary OTT platform. The company developed an AI-driven "Content Factory." This produced large-scale AI-generated children's content. AI animation creation efficiency improved. The AI hardware product Amby Uni launched successfully. TCL continues to lead the global home internet sector.
Innovative businesses emerged as a second growth curve. Revenue in this segment surged 31.9%. It reached HK$35.63 billion. The photovoltaic (PV) business showed exceptional growth. Its revenue increased 63.6% to HK$21.06 billion. Gross profit rose 47.5%. The PV business adopted an asset-light operating model. It developed market-based electricity trading capabilities. Overseas expansion focused on key European countries. The "solar-storage-heating" product layout accelerated. Domestically, new installed capacity reached 8.0 GW. Dealer channels exceeded 2,530.
The AR/XR sector made significant strides. RayNeo, an incubated company, maintained industry leadership. It held a 32% market share in China's AI/AR glasses market. RayNeo ranked first with an absolute advantage. Its online sales volume share in China's AR glasses market reached 35.4%. RayNeo has been number one in China's online omni-channel market for four consecutive years. In October 2025, RayNeo launched the world's first HDR glasses, RayNeo Air 4.
TCL also unveiled a modular AI companion robot. The TCL AiMe debuted at CES 2025. This robot integrates AI, IoT control, and home companionship. It represents a future for smart home ecosystems. These innovative products demonstrate TCL's commitment to cutting-edge technology. They highlight vast market potential.
Looking ahead, TCL Electronics remains focused. The company emphasizes AI-driven industrial upgrades. It seeks to enhance both profitability and scale. The core business will continue its "Globalisation" and "Mid-to-High-End" dual-drive strategy. New business segments will leverage AI innovation. Digital intelligence empowerment is a key driver. TCL aims for continuous global expansion. It targets improved profitability. High-quality sustainable development is the ultimate goal. The company prioritizes long-term shareholder value. It will optimize capital structure. This ensures sustainable returns through solid performance.
TCL Electronics marked 2025 as a year of significant growth. The company posted robust financial performance. Revenue reached HK$114.58 billion. This represented a 15.4% increase year-on-year. Profit after tax jumped 36.7%. It hit HK$2.53 billion. Adjusted profit attributable to owners of the parent soared even higher. It surged by 56.5% to HK$2.51 billion. Gross profit also rose. It achieved HK$17.90 billion, up 15.1%. Operational efficiency improved. The overall expense ratio dropped 0.7 percentage points. It now stands at 11.1%. These numbers reflect a strong fiscal year.
The company's success stemmed from a dual-drive strategy. "Globalisation" and "Mid-to-High-End" initiatives led the way. This approach boosted overall profitability. Shareholders also benefited. The Board proposed a final cash dividend of HK49.80 cents per share. This marked a 56.6% increase from the previous year. The dividend payout ratio reached 50%. This signals confidence in future performance.
Display products remained a core driver. The display business revenue grew 9.2%. It hit HK$75.80 billion. Gross profit margin for this segment increased. It rose 1.1 percentage points to 16.5%. Large-sized display products performed exceptionally well. Their revenue reached HK$64.71 billion. This was an increase of 7.7%. The gross profit margin for large displays specifically hit 16.8%. This marked a 1.3 percentage point rise.
TCL TVs maintained a strong global presence. Their global shipment ranking stayed at second position. Market share reached 14.7%. This was an increase of 0.8 percentage points. Mini LED technology proved a major triumph. TCL Mini LED TV global shipments surged 118.0% year-on-year. Their market share hit 31.1%. This firmly secured the top global position. TCL's leadership in high-end display segments is clear.
International markets were crucial for expansion. Large-sized display revenue from abroad grew 15.7%. It reached HK$47.50 billion. Gross profit in international markets increased by 29.4%. The gross profit margin improved to 15.1%. This was a 1.6 percentage point gain. The trend for larger screens accelerated globally. Shipments of 65-inch and above TCL TVs overseas jumped 50.0%. International Mini LED TV shipments surged a remarkable 228.0%.
TCL strengthened its international reach. In Europe, key channels are fully covered. Revenue increased by 13.9%. North America saw successful "Mid-to-High-End" strategy execution. Revenue there rose 11.2%. Average selling price (ASP) increased over 20%. Emerging markets like Latin America, the Middle East, Africa, and Asia-Pacific also saw strong growth. Localized operations drove a 19.8% increase in TCL TV revenue. TCL TVs ranked among the top 3 in retail sales volume in over 20 countries worldwide.
The PRC market also showed resilience. Despite a challenging consumer environment, TCL gained market share. The "Mid-to-High-End" strategy paid off. Mini LED TV shipments in China increased 33.6%. QLED TV shipments grew 29.6%. The average size of TCL TVs in China increased to 64.3 inches. Shipments of 65-inch and above TVs reached 57.6% of the total. This premium shift boosted the overall gross profit margin. It rose 1.9 percentage points to 21.7%.
Beyond large screens, other display segments grew. Small-to-medium display business revenue increased 17.8%. It reached HK$9.97 billion. Smart commercial display business revenue surged 28.4%. It hit HK$1.12 billion. These segments contribute to overall display strength.
The internet business demonstrated high profitability. Revenue increased 18.3% to HK$3.11 billion. The gross profit margin stood at 56.4%. TCL embraced AI technology. Overseas flagship models integrated Google Gemini. This enhanced AI interactive experiences. TCL Channel, a content aggregation application, saw comprehensive upgrades. Its global cumulative user base exceeded 45.70 million. Content appeal and monetization capabilities significantly improved.
In the domestic market, AI played a key role. TCL focused on AI content generation. It upgraded interactive experiences on its proprietary OTT platform. The company developed an AI-driven "Content Factory." This produced large-scale AI-generated children's content. AI animation creation efficiency improved. The AI hardware product Amby Uni launched successfully. TCL continues to lead the global home internet sector.
Innovative businesses emerged as a second growth curve. Revenue in this segment surged 31.9%. It reached HK$35.63 billion. The photovoltaic (PV) business showed exceptional growth. Its revenue increased 63.6% to HK$21.06 billion. Gross profit rose 47.5%. The PV business adopted an asset-light operating model. It developed market-based electricity trading capabilities. Overseas expansion focused on key European countries. The "solar-storage-heating" product layout accelerated. Domestically, new installed capacity reached 8.0 GW. Dealer channels exceeded 2,530.
The AR/XR sector made significant strides. RayNeo, an incubated company, maintained industry leadership. It held a 32% market share in China's AI/AR glasses market. RayNeo ranked first with an absolute advantage. Its online sales volume share in China's AR glasses market reached 35.4%. RayNeo has been number one in China's online omni-channel market for four consecutive years. In October 2025, RayNeo launched the world's first HDR glasses, RayNeo Air 4.
TCL also unveiled a modular AI companion robot. The TCL AiMe debuted at CES 2025. This robot integrates AI, IoT control, and home companionship. It represents a future for smart home ecosystems. These innovative products demonstrate TCL's commitment to cutting-edge technology. They highlight vast market potential.
Looking ahead, TCL Electronics remains focused. The company emphasizes AI-driven industrial upgrades. It seeks to enhance both profitability and scale. The core business will continue its "Globalisation" and "Mid-to-High-End" dual-drive strategy. New business segments will leverage AI innovation. Digital intelligence empowerment is a key driver. TCL aims for continuous global expansion. It targets improved profitability. High-quality sustainable development is the ultimate goal. The company prioritizes long-term shareholder value. It will optimize capital structure. This ensures sustainable returns through solid performance.