TCL Drives the Future of the Smart Display Industry
TCL is the abbreviation of "The Creative Life".
TCL Electronics Holdings Limited ("TCL Electronics" or "the Company", stock code: 01070.HK, incorporated in the Cayman Islands with limited liability) was listed on the mainboard of the Hong Kong Stock Exchange in November 1999. The Company is mainly engaged in R&D, manufacturing and sales of smart screen, smart mobile and connected device, smart commercial display, smart home product and other diversified IoT product, as well as independently developed home Internet services. TCL Electronics is the only diversified consumer electronics company within the industry in China with vertically integrated supply chain. Focusing on the smart display business, supported by 5G technology and "AI x IoT" strategy, TCL Electronics is committed to providing a smart and healthy life in household, mobile and commercial scenarios, and dedicated to becoming a global 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, and received Hang Seng Index's ESG rating of A for three consecutive years from 2018.
Leading the Smart Display Industry
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 the first half of 2021, the global sales volume of TCL smart screen reached 11.27 million sets, a year-on-year increase of 11.8%, among which, sales in overseas markets increased by 22.2% year-on-year. The market share by shipment of TCL smart screen in the global TV market increased by 1.0 percentage point to 11.6%, ranking firmly among the top three in the world1. Sales volume of TCL smart screen in the People's Republic of China ("PRC") accounted for 13.9% of the total market share in the first half of 2021, ranking third domestically. The market share in terms of sales revenue in the PRC reached 13.2%, jumping to second domestically2. In addition, sales volume of TCL smart screen during January to May 2021 ranks among the top five in 19 overseas countries and regions3.
TCL Electronics continues to invest in and develop cutting-edge display technologies and AI-empowered consumer products. The Company was the industry's first mover to launch and commercialize Mini LED smart screen in 2019. The sales of TCL Mini LED smart screen ranked number one in 2020 globally. In 2021, the Company launched the world's first 98-inch Mini LED large-screen smart screen. The proportion of sales for 4K smart screen sales maintained at a relatively high level of 53.2% in the first half of 2021. QLED smart screen sales achieved year-on-year increase of 3.1 percentage points to 5.0%. As the trends of large-screen and AI accelerate, the Company will increase investment in research and development, retaining the leading position of large smart screen globally; and continue to strengthen competency by developing cutting-edge display technologies in Mini LED, QLED and 8K for the ultimate audio-visual experience.
Meanwhile, TCL Electronics is steadily implementing the global deployment of its home internet services, providing products and services that enable real-time interactions, multi-screens and all-scenario smart sensing. For the first half of 2021, the Company strengthened the partnerships with leading global brands such as Roku, Google and Netflix and etc. The Company also completed the commercial transformation of content aggregator platform TCL Channel that had covered 18 countries, and will continue to launch in more countries in the future.
Moreover, the Company has four technology centers globally, housing more than 400 AI algorithm professionals and 200 big data and cloud platform experts. The Company will revolve around the core strategy of "Smart Screens Interconnect Everything and Lead to the Future" to develop high-end displays and intelligent interaction technologies. Meanwhile, the Company will continue to implement its intelligent and global development strategy by strengthening its global supply chain and channels, accelerating digital transformation, and investing further in innovation. Looking ahead, the Company will endeavor to become a global leader and maximize return for the Company's shareholders.
1 Data source: Sigmaintell Consulting
2 Data source: China Market Monitor Co., LTD
3 Data source: GfK, NPD