Leading display and TV maker TCL Electronics Holdings Ltd. (1070.HK) said on Sunday it expects to report revenue of HK$27.8 billion ($3.56 billion) to HK$30.4 billion for the first quarter, marking a 10% to 20% year-over-year increase. It expects to report an adjusted net profit of HK$360 million to HK$400 million, up 125% to 150% from the prior-year period.
The strong profit growth stemmed primarily from a low comparison base in the first quarter of 2025, making the year-over-year increase appear more substantial. TCL cautioned shareholders and potential investors that quarterly results may not fully reflect its annual performance due to cyclical industry patterns. Nevertheless, the company anticipates maintaining steady business growth throughout 2026.
The board emphasized that despite persistent macroeconomic and geopolitical uncertainties, the company will continue advancing its globalization and premiumization strategies. It aims to enhance product competitiveness while implementing cost-cutting and efficiency measures to drive quality growth in its core operations.
Shares of TCL opened up 1.1% at HK$14 on Monday. The stock is down 5.3% from its 52-week high.
By Lau Chi Hang
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