The company has seen significant improvements in the shipment of TCL smart screens with larger sizes, quantum dot/MiniLED, and high refresh rates. Of the 23.78 million TVs it shipped in 2022, 19.3% were 65+ inch screens. Growth for this product category was 52.7% YoY in international markets, and 96% in China, which represents a third of the company’s business.
The large-sized display business showed remarkable growth with the shipment of TCL smart TVs increasing by 0.8% YoY. Overall, smart TVs 65+ inches grew byy 75.7% YoY. The PRC market also witnessed growth of 21.3% YoY when you factor in all smart TV sales.
| International | PRC | Revenues (billions) | USD (billions) | Gross Margin ’21 | Gross Margin ’22 | |
| Large Displays | 33.80% | 66.40% | HK$45.19 | $5.87 | 16.70% | 18.80% |
| Small-Medium Displays | 100.00% | 0.00% | HK$11.80 | $1.53 | 14.20% | 15.90% |
| Smart Commercial Displays | 100.00% | 0.00% | HK$0.91 | $0.12 | 15.20% | 17.30% |
TCL, as a whole, reported a revenue of HK$71.3 billion (equivalent to $9.27 billion USD) for the year 2022, with a gross profit of HK$13.1 billion ($1.7 billion USD), a 4.6% YoY increase, and a gross profit margin of 18.4%, a 1.7% YoY increase while dropping in revenues by 4.74%.
| 2022 (billions) | USD (billions) | YoY Change | |
| Revenues | HK$71.30 | $9.27 | -4.74% |
| % of Revenues | |||
| Large Displays | HK$45.19 | $5.87 | 63.38% |
| Small-Medium Displays | HK$11.80 | $1.53 | 16.55% |
| Smart Commercial Displays | HK$0.91 | $0.12 | 1.28% |
