TCL Electronics Holdings ( (HK:1070) ) has issued an update.
TCL Electronics Holdings Limited announced its financial results for the year ending December 31, 2024, reporting a significant increase in revenue and profit. The company’s revenue grew by 25.7% to HK$99,322 million, and profit attributable to owners surged by 136.6% to HK$1,759 million. The global TV industry saw a 3.7% growth in shipments, with large-screen and Mini LED TVs driving market expansion. Despite economic uncertainties, TCL maintained its strategies and improved operational efficiency, benefiting from China’s economic progress and increased demand in the PRC market.
More about TCL Electronics Holdings
TCL Electronics Holdings Limited is a company incorporated in the Cayman Islands, primarily operating in the electronics industry. The company focuses on the production and sale of televisions and related electronic products, with a significant emphasis on large-screen and Mini LED TVs.
YTD Price Performance: 18.75%
Average Trading Volume: 3,896
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.57B
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