TCL Electronics Added to Hang Seng Index

The promotion from the Hang Seng Composite SmallCap Index is a significant step for TCL Electronics, reflecting the capital market's recognition of the company's liquidity, scale, and industry leadership. Inclusion in an index covering the top 95% of Hong Kong's stock market capitalization often leads to increased demand from index funds and ETFs. TCL's financial performance underpins this milestone. In 2024, the company's revenue saw a 25.7% year-on-year increase to HKD 99.32 billion, with adjusted net profit more than doubling to HKD 1.61 billion. This robust growth has been a key factor in attracting investor confidence. Globally, TCL has solidified its position as the number two TV brand by shipment volume, capturing a 13.9% market share in 2024. The company has outpaced competitors like LG in certain periods and is in close competition with other major players such as Samsung and Hisense. The company has carved out a dominant space in high-growth segments. In 2024, TCL led the market for Mini LED TVs with a 28.8% share and also held the top spot for TVs 85 inches and larger, with a 22.1% market share. This index inclusion, effective March 9, 2026, is anticipated to attract greater attention from both domestic and international institutional investors. The expected increase in capital inflow is poised to positively influence the company's market valuation and stock liquidity. Beyond televisions, TCL has been diversifying its business. In 2024, its innovative businesses, including a rapidly growing photovoltaics segment, saw revenue increase by 44.9% to HK$27.01 billion. This move into the LargeCap & MidCap Index serves as a strong endorsement of TCL's competitive strength and future growth prospects. It is expected to enhance the company's global brand image and provide further momentum for its international expansion.