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TCL’s Outperforms CE Industry in Q320
TCL reported Q320 revenue of HK$14.68 billion, up 76.6% Y/Y and 43.9% sequentially. Gross profit arrived at HK$2.82 billion, up by 55.7% Y/Y and 32.1% sequentially. In the first three quarters of 2020, revenue reached HK$31.83 billion, up by 22.0% Y/Y. Gross profit arrived at HK$6.35 billion, up by 21.9% Y/Y.
In the Q320, TCL brand TV sales volume reached 7.24 million sets, up by 49.7% Y/Y and 24.7% quarter-on-quarter. According to Sigmaintell, the market share of TCL brand TV, in terms of sales volume, increased by 2.7 percentage points Y/Y from 8.6% in the third quarter of 2019 to 11.3% in the same period of 2020, ranking among the top three in the global market. The overall sales volume in the first three quarters reached 17.32 million sets, up by 14.4% Y/Y.
According to GfK, the TCL’s market in terms of sales volume in overseas markets increased by 1.0% Y/Y in the first three quarters of 2020. The sales volumes of TCL brand TV ranked top 5 among 19 key markets, with the ranking of market share going up in over 15 key countries compared to the same period last year. In Q320, the average size of TCL TV sold increased by 0.5 inch to 45.5-inch. Sales volume of super-large TV (65-inch and above) increased by 62.3% year-on-year. The sales volume proportion of 4K TV in the third quarter of 2020 increased by 4.1 percentage points to 54.8%，compared with 50.7% in the same period of last year. The sales volume proportion of smart TV increased by 10.3 percentage points from 81.1% in the third quarter last year to 91.4% in the same period of 2020. The sales volume proportion of quantum dot TV in overseas markets grew by 4.5 percentage points year-on-year to 4.8%.
TCL Communication business was consolidated for the first time in September 2020. The revenue of mobile phones and services increased by 8.0% Y/Y reaching HK$898 million in September, among which the revenue of TCL brand smartphone was significantly up by 215.5% Y/Y. The revenue of tablets reached HK$149 million, up by 25.4% Y/Y; the revenue of routers and other smart connected products business reached HK$119 million, substantially increased by 115.5% Y/Y. In addition, the Company’s leading advantages in the overseas markets became prominent. By the third quarter of 2020, mobile phone sales volume ranked No.5 in the U.S., No. 6 in Australia and Europe, and No.7 in the Latin American market. Smart tablet sales volume ranked No.4 in the U.S., No.5 in Europe, and No.7 in Latin America (Source: latest IDC report). In October, TCL 10 5G UW smartphone was launched on Verizon, the largest carrier in the U.S.
TCL reported Q320 revenue of HK$14.68 billion, up 76.6% Y/Y and 43.9% sequentially. Gross profit arrived at HK$2.82 billion, up by 55.7% Y/Y and 32.1% sequentially. In the first three quarters of 2020, revenue reached HK$31.83 billion, up by 22.0% Y/Y. Gross profit arrived at HK$6.35 billion, up by 21.9% Y/Y.
In the Q320, TCL brand TV sales volume reached 7.24 million sets, up by 49.7% Y/Y and 24.7% quarter-on-quarter. According to Sigmaintell, the market share of TCL brand TV, in terms of sales volume, increased by 2.7 percentage points Y/Y from 8.6% in the third quarter of 2019 to 11.3% in the same period of 2020, ranking among the top three in the global market. The overall sales volume in the first three quarters reached 17.32 million sets, up by 14.4% Y/Y.
According to GfK, the TCL’s market in terms of sales volume in overseas markets increased by 1.0% Y/Y in the first three quarters of 2020. The sales volumes of TCL brand TV ranked top 5 among 19 key markets, with the ranking of market share going up in over 15 key countries compared to the same period last year. In Q320, the average size of TCL TV sold increased by 0.5 inch to 45.5-inch. Sales volume of super-large TV (65-inch and above) increased by 62.3% year-on-year. The sales volume proportion of 4K TV in the third quarter of 2020 increased by 4.1 percentage points to 54.8%，compared with 50.7% in the same period of last year. The sales volume proportion of smart TV increased by 10.3 percentage points from 81.1% in the third quarter last year to 91.4% in the same period of 2020. The sales volume proportion of quantum dot TV in overseas markets grew by 4.5 percentage points year-on-year to 4.8%.
TCL Communication business was consolidated for the first time in September 2020. The revenue of mobile phones and services increased by 8.0% Y/Y reaching HK$898 million in September, among which the revenue of TCL brand smartphone was significantly up by 215.5% Y/Y. The revenue of tablets reached HK$149 million, up by 25.4% Y/Y; the revenue of routers and other smart connected products business reached HK$119 million, substantially increased by 115.5% Y/Y. In addition, the Company’s leading advantages in the overseas markets became prominent. By the third quarter of 2020, mobile phone sales volume ranked No.5 in the U.S., No. 6 in Australia and Europe, and No.7 in the Latin American market. Smart tablet sales volume ranked No.4 in the U.S., No.5 in Europe, and No.7 in Latin America (Source: latest IDC report). In October, TCL 10 5G UW smartphone was launched on Verizon, the largest carrier in the U.S.
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