TCL ELECTRONICS (01070) announced its results for the six months ended June 30, 2025, with revenue of HK$54.777 billion, representing a year-on-year increase of 20.41%; gross profit of HK$8.366 billion, up 15.99% year-on-year; net profit attributable to shareholders of HK$1.09 billion, up 67.78% year-on-year; and basic earnings per share of HK$0.4514.

The announcement stated that for the six months ended June 30, 2025, the group's core business achieved quality growth in scale, with significant optimization in product and channel structure, while innovative businesses maintained rapid expansion, driving overall revenue growth year-on-year and gross profit growth year-on-year.

The group has consistently focused on extreme cost management, striving to build competitive advantages in efficiency. Through actively promoting digital transformation and automation intelligent upgrades, the group's production manufacturing and logistics warehousing operational efficiency has been significantly improved. Combined with the continuous implementation of precision marketing strategies, the group's overall expense ratio for the first half of 2025 decreased by 1.0 percentage point year-on-year to 11.5%.

Driven by both scale leadership advantages and the effectiveness of mid-to-high-end strategies, the group's profitability improved significantly. After-tax profit for the first half of 2025 increased 60.5% year-on-year to HK$1.048 billion, while adjusted net profit attributable to shareholders increased 62.0% year-on-year to HK$1.060 billion.

As of June 30, 2025, the group's net capital gearing ratio remained stable at 0.0%, with cash and cash equivalents increasing 30.4% year-on-year to HK$11.442 billion, demonstrating a robust financial structure and laying a solid foundation for sustainable future development.

Benefiting from effectively enhanced brand influence, efficient global channel expansion, and continuous product structure optimization, the group's display business revenue for the first half of 2025 increased 10.9% year-on-year to HK$33.419 billion, with gross profit up 11.4% year-on-year to HK$5.197 billion. The gross profit margin for large-size display business improved 0.5 percentage points year-on-year to 15.9%.

In the first half of 2025, TCL TV global shipments increased 7.6% year-on-year to 13.46 million units, maintaining a stable ranking among the top two global TV brands. TCL Mini LED TV global shipments surged 176.1% year-on-year to 1.37 million units, ranking first globally. The group continued to expand its channel layout and deepen key channel construction, driving TCL TV to maintain top-three retail volume rankings in nearly twenty countries worldwide.