TCL ELECTRONICS

TCL Electronics Holdings Limited ("TCL Electronics"; HKEX stock code: 1070), is a company incorporated in the Cayman Islands with limited liability has been listed on the main board of the Hong Kong Stock Exchange since November 1999 and is headquartered in China. It is engaged in R&D, production and sales of consumer electronic products , Is one of the leading companies in the global TV industry. Through the "smart + Internet" and "product + service" "double +" strategy to build a new business... model centered on operating products and users at the same time, actively build a smart TV full ecosystem, and provide users with smart and healthy life products And services, and strive to become the world's leading intelligent technology company. TCL Electronics was included in the list of eligible shares of Shenzhen Stock Connect, Hang Seng Stock Connect Index, Hang Seng Composite SME Index and Hang Seng Corporate Sustainability Benchmark Index constituent stocks. The company has been digging into the overseas market for two decades. The advantages of leading the globalization business have become increasingly prominent. The vertical integration of the global supply chain layout has helped the company become a global consumer electronics leader. In the whole year of 2019, the company's overall global TV sales volume reached a new high, reaching 32 million units; the market share of TV shipments reached 13.0%, ranking top two in the world; of which TCL brand TVs sold 13.46 million overseas Taiwan, an increase of 26%, ranking second in the US market, ranking among the top 15 countries in the world, with domestic sales of 7.18 million units, an increase of 2% against the trend, TCL's global competitive advantage is further manifested. In the OEM business, the company shipped 11.36 million units, making it the only company in the top three to achieve growth. The company also continues to vigorously develop cutting-edge displays and smart related technologies, and is committed to promoting the development of high-end smart related products. The sales volume of the Group's smart TVs and 4K TVs increased significantly year-on-year, and the trend of large-screen and intelligentization became more obvious. The sales volume of the Group's 65-inch TVs and above doubled year-on-year, and the sales of quantum dot products increased by 66%. In the future, the company will increase its investment in research and development to ensure that large-screen TVs stay ahead in the world, and continue to develop leading-edge display technologies such as global quantum dots (QLED), Mini LEDs, and 8K audio and video to further enhance product competitiveness. The company actively improves the user experience of Internet services, enriches platform content, and provides rich scene services such as video, education, games, music, and e-commerce. Deepening the cooperation with Roku and Google in the Internet business in North America, Europe and South America, and renewing the global cooperation agreement with Netflix will further increase the revenue of TCL Electronics’ overseas Internet business and help consolidate the company’s first The status of Chinese enterprises with large-scale and sustainable overseas Internet business income. The domestic market is covered by Thunderbird Network Technology. In addition, the company has 4 technology centers around the world, 400+AI algorithm team, 200+ big data cloud platform team, is committed to increasing investment in research and development, based on family and commercial scenarios, adhere to the "AI x IoT" strategy to create products and services, And establish the future-oriented Honghu Lab to become an intelligent technology company with continuous user operating income. The company has further enhanced product intelligence, introduced a new generation of intelligent engines, the application experience extends from entertainment and leisure to life services, and added AI scene recognition and AI face recognition. TVs can automatically recommend content based on user preferences. Users provide intelligent and personalized customized services. In addition, the company takes the IoT cloud platform as the core, builds cloud, management, and terminal capabilities, and builds an open smart IoT platform. It has achieved voice control of all categories of smart terminal products, and has improved the construction of content and service ecology. The field of home AI x IoT. Relying on its leading advantages in the industry, it focuses on the development of smart TVs, Internet services, smart homes, and commercial systems. In the future, the company will further enrich the services of artificial intelligence and the Internet of Things, and strive to bring the ultimate product and service experience to users around the world.More