TCL Electronics achieves double growth in performance in 2023

TCL Electronics announced its annual performance for 2023 on March 28, 2024. The financial report showed that TCL Electronics achieved revenue of HK$78.986 billion in 2023, an increase of 10.7% compared to HK$71.351 billion in the same period of 2022. The report stated that the company’s revenue growth benefited from the continuous structural optimization of its smart screen products, as well as its “mid-to-high-end + large screen” strategy. In 2023, the company’s gross profit was HK$14.756 billion, an increase of 12.5% compared to HK$13.112 billion in the same period of 2022. The net profit attributable to the parent company was HK$744 million, an increase of 66.4% compared to HK$447 million in the same period of 2022. Adjusted net profit attributable to the parent company increased by 14% to HK$803 million. TCL Electronics’ overall gross profit margin increased by 0.3 percentage points to 18.7% in 2023.