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: 1070.HK, incorporated in the Cayman Islands with limited liability) 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 "Value Led by Brand with Relative Cost Advantage, Ultimate Efficiency Management and Collaborative Innovation". 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 six consecutive years since 2018.
Exploring All-Scenario Smart Living Sector with Display Business as the Core
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 2022, global shipment of TCL smart screens recorded a 0.8% year-on-year increase to 23.8 million sets against the downward trend. The market share of TCL smart screen in terms of shipment volume has increased by 0.2 percentage points to 11.7%, jumping to the second place globally1. The shipment of TCL smart screens rose by 21.3% year-on-year in the PRC market in 2022. The market share in terms of retail sales revenue of TCL smart screen rose by 1.8 percentage points year-on-year to 14.6%, securing the Company's position among the top two in the PRC market2. Simultaneously, the sales volume market share of TCL smart screens ranked top five in more than 20 countries and regions, demonstrating a year-on-year increase3 in 2022.
TCL Electronics continues to invest in and develops cutting-edge display technologies and AI-empowered consumer products. In 2019, the Company took the lead in launching the Mini LED smart screen globally and was the first to achieve mass production. In 2021, the Company continued to make breakthroughs in launching the world's first 98-inch Mini LED large-screen smart screen. In 2022, global shipment of TCL Mini LED smart screens increased by 26.8% year-on-year with resulting in remarkable outcomes of product high-end strategy. In the future, the Company will increase investment in research and development, retaining the leading position of large-sized smart screen globally; and will continue to strengthen competency by developing cutting-edge display technologies in QD-Mini LED for the ultimate audio-visual experience.
Simultaneously, the Company seizes nascent opportunities to launch innovative business including all-category marketing, distributed PV, and AR, multi-dimensional mining of consumer demand, and steadily deepen the global presence of its home Internet business. In 2022, the Company has maintained close cooperation with prominent Internet giants such as Roku, Google, Netflix and etc.; also completed the commercial transformation of the integrated content application TCL Channel which had covered 60 countries in regions including North America, Europe, Central and South America, and Asia Pacific, with an accumulated user base of over 12 million.
Going forward, TCL Electronics will revolve around the strategy of "Globalisation" and "Technological Transformation" to develop high-end displays and intelligent interaction technologies, to actively build an “intelligent IoT Ecosystem” across all categories, enhancing a higher value of brand competitiveness to consolidate a world-leading position in the global market, while creating a higher return for the Company's shareholders.
1 Source: Omdia.
2 Source: CMM omni-channel data.
3 Source: GfK、NPD.