TCL Electronics Joins Hang Seng Index
Consumer electronics giant TCL Electronics has been added to the Hang Seng Composite LargeCap & MidCap Index. The company said its inclusion in the prestigious index reinforces its position and growth potential in Asian and global markets.
The Hang Seng Composite Index (HSCI) is a broad market benchmark, covering approximately the top 95% of companies in terms of market capitalization on the Hong Kong Stock Exchange. The LargeCap & MidCap Index specifically represents the top 95th percentile of this group, making it a key indicator for the Hong Kong market's health. TCL's inclusion follows a period of strong financial performance and market expansion. In 2024, the company's revenue reached HK$99.32 billion, a 25.7% year-over-year increase, with adjusted net profit soaring by 100.1%. This growth reflects the success of its ongoing "Mid-to-High-End + Globalisation" strategy. Globally, TCL has solidified its position as the world's second-largest TV brand by shipment volume. The company has seen particularly strong growth in the premium segment, leading the world in Mini LED TV shipments with a 28.8% market share in 2024 and ranking first in the 85-inch and larger TV category. This move into high-end technology has been a key driver of its business. In 2024, global shipments of TCL's Mini LED TVs grew by 194.5%. The company's large-screen models (65-inch and above) also saw a significant 21.3% increase in shipments worldwide.
