TCL Electronics Holdings Limited said adjusted profit rose 54.5% in the first nine months of 2026, with international markets accounting for most revenue and growth in its display business lifting margins.
The Hong Kong-listed company reported revenue of HK$95.793 billion, up 15.7% from a year earlier. Gross profit increased 29.5% to HK$16.260 billion, and the overall gross margin reached 17%, 1.8 percentage points higher. Profit for parent-company shareholders, before adjustment, rose 43.6% to HK$2.104 billion.
The display unit generated HK$62.377 billion, or 65.1% of total revenue, after growing 19.1%. Its gross profit climbed 38.4% to HK$11.510 billion. TCL Mini LED TV shipments to international markets rose 94.5% year over year. TCL's gross margin on large-screen display products sold internationally reached 19.0%, 4.4 percentage points higher.
International markets accounted for 61.2% of revenue. Internet-business revenue grew 28.2% to HK$2.695 billion, and its gross margin rose 4.6 percentage points to 60.9%. Revenue from the innovative-business segment increased 8.5% to HK$30.680 billion; photovoltaic revenue within it grew 11.8% to HK$18.183 billion.
TCL credited the results to a broader global presence and a shift toward higher-end products. The company also said changes in sourcing and distribution, efficiencies from operating at greater scale and improved operations supported profit growth. It cited CMM omnichannel data showing China’s TV retail unit sales fell by more than 12% in the first three quarters, while average selling prices rose by more than 8%.
The company said the nine-month results were unaudited and had been reviewed by its audit committee. TCL describes adjusted profit as a supplementary measure outside Hong Kong Financial Reporting Standards (HKFRS); it says the measure has no standardized meaning prescribed by HKFRS and is not a substitute for results prepared under those standards.
TCL said it was considering a separate listing for its photovoltaic business but gave no schedule. Its HK$5.610 billion acquisition of the TCL air-conditioning business closed Nov. 2, after the reporting period ended Sept. 30. For full-year 2026, the company said it expected growth to continue as it carried out its strategy.
