TCL Electronics Added to Hang Seng Index
TCL Electronics has been included in the Hang Seng Composite LargeCap & MidCap Index. The move reaffirms the company's market value and growth potential amid its expanding footprint in the global consumer electronics market.
The Hang Seng Composite Index is a benchmark representing about 95% of the total market capitalization of the Hong Kong stock market, making inclusion a significant indicator of a company's scale and financial health. The LargeCap and MidCap segments specifically cover the top 80% and the next 15% of companies by market value, respectively. This recognition follows a period of strong financial performance for TCL Electronics. The company reported a 25.7% year-on-year revenue increase to HKD 99.32 billion in 2024, with adjusted net profit more than doubling. This growth reflects their expanding global footprint and strategic focus. Globally, TCL holds a strong position, ranking among the top two TV brands by market share in 2024. The company has established itself as a leader in the large-screen market, securing the top spot for shipments of 85-inch and larger TVs in 2024 with a 22.1% market share. TCL has also pioneered Mini LED technology, introducing the first mass-produced Mini LED TV in 2019. This focus on high-end technology has paid off, with the company leading global shipments in the Mini LED TV category and seeing significant sales growth in its mid-to-high-end QLED and Mini LED models.
