In 2020, despite the Covid-19 pandemic, TCL Electronics' global smart TV sales and its Internet business again achieved record results.
The Company's revenue reached HK$50.95 billion, up 40.2% year-on-year.
Gross profit reached HK$9.66 billion, up 29.8% year-on-year, with a gross profit margin of 19.0%.
The expense ratio decreased by 1.2 percentage points year-on-year to 15.5%.
TCL Electronics headquartered in Shenzhen, China, has emerged as a world-leading and China's only diversified consumer electronics platform with advantages of vertically integrated industrial chains.
With a smart display as the core of the strategy and 5G and "AI x IoT" as technology drivers, TCL Electronics provides users with a smart and healthy life with household, mobile and commercial scenarios.
According to the latest report from Sigmaintell, the market share of global brand smart TV of TCL Electronics in 2020 ranked Top 2 in the world.
With leading positions in the domestic and overseas markets, the MAU and ARPU of TCL Electronics' home Internet operation platform, Falcon Network Technology, both ranked among the top in the PRC market.
In 2020, TCL Electronics continued to focus on the “smart display” strategy, with technology advancement and product innovation as its core philosophy.
The company launched advanced smart products and services, grew market share and core competitiveness, and achieved solid results against a challenging market.
TCL Electronics is also focusing on applications of intelligent technologies among products and systems that connect with smart screens and with each other to create a better user experience in a home setting.
Through offerings such as Eagle Cloud Platform, self-developed Wi-Fi modules, and Octopus Cloud audio, TCL Electronics is building intelligent applications for cross-screen interconnection, interoperability, and distribution.
The Company also launched the smart screen system UI5.0, which is based on the core design concept of "UI serves content, and interaction serves user experience".
It innovates in all aspects of UI design, system interaction, and scene functions to create a more immersive, and enjoyable full-scene ecosystem with smart screens as its hub.
A brief look at the sales volume of TCL TV in recent years:
> The global annual sales volume of TCL TV reached 23.93 million sets, with a year-on-year growth of 15.9%.
> The market share by sales volume of TCL TV in:
The overall TV market increased by 1.5 percentage points year-on-year to 10.7% in 2020, ranking No. 3 in the world.
The LCD TV market increased by 1.6 percentage points year-on-year to 10.9% in 2020, with its ranking jumped to No. 2 globally.
> Sales volume in 2020 ranked top 5 in 19 countries.
> TCL TV accounted for 13.7% of the market share by sales volume, ranking No. 3 in 2020; and market share in terms of sales revenue increased to 13.5%, rising to No. 2 in 2020.
> The average screen size of TCL TV sales increased by 0.8 inches from 44.8 inches in 2019 to 45.6 inches in 2020.
> The proportion of TCL TV of 65-inch and above by sales volume increased by 1.0 percentage point from 10.0% in 2019 to 11.0% in 2020.
> North American Markets, sales volume increased by 25.4% year-on-year.
> In European Markets, sales volume increased by 66.0% year-on-year.
> In 2020, the Company’s sales revenue of TCL TV in the overseas markets reached HK$26.76 billion, up 27.4% year-on-year.
> Gross profit of the business in the overseas markets reached HK$4.36 billion, up by 34.0% year-on-year, and gross profit margin reached 16.3%, up by 0.8 percentage points year-on-year.
> In 2020, the annual global Internet business revenue of the Company reached HK$1.23 billion, substantially up by 97.0% year-on-year.
> In overseas markets, in 2020, revenue from overseas internet business of the Company reached HK$323 million, up by 53.7% year-on-year.
> The business opportunity brought by the “Stay-at-Home Economy”, the Company continued to deepen cooperation with Internet giants Roku and Google.
> The company’s partnership with Roku has expanded from the U.S. to worldwide since July 2020.
> Working closer together with Netflix in overseas markets.
> As of December 2020, TCL Channel covered 12 countries in total.
In the PRC market, the Company continued to enhance Falcon Network Technology’s operation capability.
In 2020, revenue from the domestic Internet business (mainly relevant business of Falcon Network Technology Group) surged by 118.8% year-on-year to HK$911 million.
By the end of December 2020, the average monthly number of active users of the Company’s domestic Internet platform operated by Falcon Network Technology increased by 15.5% year-on-year to 17.91 million.
ARPU reached HK$53.2, up 50.7% year-on-year.
Falcon Network Technology also began to work with 8 cloud gaming platforms, short-video giant ByteDance to explore other content verticals.
Increased Investment in Research and Development (“R&D”), Focusing on High- End Display and Intelligent Interaction Technology
The Company continued to focus on the design, R&D, and advanced manufacturing of the next-generation smart TV.
The R&D expense ratio increased by 1.1 percentage points year-on-year to 3.2%.
On 18 August 2020, the Company launched the world’s first 5G+8K smart screen products, namely the 8K Mini LED 75X10 (5G version) smart screen and 8K QLED 85X9 (5G version) smart screen.
At present, the Eagle Laboratory of the Company consists of four technological centers worldwide, with over 200 employees in the big data and cloud platform team.
TCL TV has amazing features like Farfield Voice Assistant, Dolby Vision, 3 years warranty and a lot more.
In addition, Motor and PCB installed in TCL Washing Machine has a warranty of 5 years. Similarly, TCL Air Conditioner also has a warranty of 5 years.
Sister concern of CG Electronics, EOL Pvt Ltd is the sole distributor of the TCL brand in Nepal.
You can log on to cgdigital.com.np to participate in this special offer and make your purchase of TCL products.
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