What They Say
TCL put out its interim result for the first half of 2022 to the end of June. The company saw revenues of $4.29 billion (down 3.5%) with a gross margin up by 1.3 points to 17.2%. The net profit was up 4.9% to $32.7 million. The firm said that although the overall TV market dropped, it sold 10.15 million sets in the first half with 1.53 million in the 65″ and above smart screen segment, up 36.9% and reaching 15.1% of its sales. MiniLED TVs in the PRC were up by 31.2% year on year and the GP margin on large sets rose by 2.6 percentage points.
Although the PRC TV market dropped to 17.07 million, down 1.4% year on year, TCL grew its sales by 1.1% and it claims share of 13.9%, in third place for units and second place for revenues at retail level. Again the GP marging increased.
What We Think
There is some interesting information in the firm’s interim report which can be downloaded here. The firm highlighted its developments in the Android tablet and smartphone markets. (BR)
TCL report – click for higher resolution
TCL small display report – click for higher resolution
