TCL Electronics’ Revenue in the Second Quarter Increased by 36.6% Against Downward Trend to HK$10.28 Billion with Market Share Jumping to Second in the Global Market
Summary
As the brand driving force of the TCL display industrial chain, TCL Electronics leverages on its leading advantages of synergy industrial chain, global sales channels + capacity layout, and “hardware + software + content”, upholds customer-centered, accelerates response to supply and demand balance, optimises distribution structure, and seizes opportunities to lower costs, so as to achieve further growth of market shares in both the PRC and overseas markets, leading in the world. TCL Electronics had seized upper hand in strategic layout in the worldwide, and focused on optimizing its global supply chain deployment so as to enhance its competitive edge in different regions and the world. In the second quarter of 2020, TCL Electronics achieved mass production as planned in Phase I Project of the MASA factory located in Ciudad Juárez, Mexico, mainly producing large-screen smart TVs. Operations in 2020 show that significant rise was achieved in multiple key indicators such as revenue of Falcon Network Technology, net profit and number of user base. In the future, TCL Electronics will provide users with premium products and services featured with multi-screen real time interactions and all-scenario intelligent cognition, take the high-speed lane of the 5G era and make big strides toward the goal of becoming a global leading smart technology company.