SÃO PAULO, Aug. 29, 2026 /PRNewswire/ -- CATL is showcasing its full energy storage ecosystem at The Smarter E South America 2026 in São Paulo from August 25 to 27, demonstrating capabilities across the entire value chain, from cell R&D and energy management to project delivery and localized services. At the show, the company also announces a strategic partnership with Moura to jointly participate in Brazil's Capacity Reserve Auction for Energy Storage, reinforcing its commitment to the country's resilient and sustainable energy future.

A Storage Portfolio Engineered for Brazil's Energy Landscape

CATL is presenting a broad portfolio of large-scale storage solutions purpose-built to meet Brazil's evolving power market needs.

TENER S, CATL's next-generation energy storage solution, leads the lineup. Built to maximize long-term asset value, it delivers zero degradation in capacity and power over the first year of a 20-year design life. Its liquid cooling system cuts auxiliary power consumption by up to 20%, lowering operating costs. TENER S also increases areal energy density by 30% and reduces site footprint by 20%, lowering balance-of-system costs. For Brazil, where grid instability remains a persistent challenge, TENER S delivers the utility-scale capacity and long-term reliability the country needs for renewable integration. The system has already been selected for major global projects, including a 1.5 GWh project in Spain and a long-term service-backed deployment at the Supernode project in Australia.

For high-density utility and industrial/commercial applications, TENER H leverages 575 Ah cells to pack 9,008 kWh per container, boosting land utilization by 45% and cutting project costs where land is at a premium. It supports flexible 2-, 4-, and 8-hour configurations: the 2-hour option delivers fast response for grid stabilization, while the 4- and 8-hour versions achieve up to 96.0% round-trip efficiency to maximize long-duration returns.

CATL is also unveiling TENER Sodium in Brazil for the first time. Launched recently, this 30 MWh integrated sodium-ion system delivers a 20-year design life, 95% round-trip efficiency, stable operation from -20°C to +45°C, and IEC/UL/CE certifications. Beyond its advanced cells, the system features coordinated BMS, PCS, and thermal management optimized for sodium battery characteristics, enabling rapid deployment and site-level reliability.

TENER Sodium extends CATL's site-level engineering and full-lifecycle asset management capabilities into the sodium-ion domain—capabilities built through years of turnkey project deliveries worldwide and reinforced by the company's recently unveiled whole-station testing facility in Xiamen, which validates real-world grid-connected performance to ensure bankable results from day one. Together, these strengths underscore CATL's role as a leading comprehensive energy storage solution provider.

Rooted in Brazil, Partnering for the Long Run

"CATL's commitment to Brazil rests on three fundamental pillars: partnership, proven delivery, and localized service," said Ray See, Executive President of CATL's Americas Energy Storage Business Division. "While we provide world-class storage solutions, our broader mission is to build self-sustaining capabilities on the ground. By forging deep local alliances, executing with proven excellence, and equipping domestic talent with the expertise to take the lead, we establish a reliable support ecosystem that stands with our partners for the long run."

At the event, CATL announces a strategic partnership with Moura, a leading Brazilian battery manufacturer, for joint participation in Brazil's Capacity Reserve Auction for Energy Storage (LRCAP 2026 – National Storage) promoted by the Ministry of Mines and Energy. This collaboration combines CATL's advanced energy storage solutions with Moura's deep local expertise, with the support of a second strategic partner that holds the No. 1 market share in PCS/inverters in the country, aiming for localized production that complies with the auction's local content requirements.

The partnership builds on CATL's strong and growing foothold in Brazil, where the company already holds a 45% market share in energy storage. Its project portfolio spans utility transmission, agriculture, cold-chain logistics, and industrial facilities, including the landmark Registro project. As Brazil's first utility-scale battery energy storage system in the transmission sector, Registro has reliably supported a critical substation serving 15 cities and some 2 million residents since its commissioning in December 2022.

CATL's local commitment extends across the full lifecycle of its storage assets. Its South American service network includes five senior storage experts and more than 140 certified engineers, enabling a tiered response framework: one-hour remote support, two-day on-site dispatch, and five-day cross-regional expert escalation. Dedicated regional inventory, backed by four global core warehouses and over 50 front-end stocking points, guarantees core spare parts availability for up to 20 years. CATL also offers standardized training through its South American facility in Santiago, Chile, and operates regional recycling channels for compliant transport, dismantling, and material recovery at end of life.

Bringing Global Excellence and Recognized Bankability to Brazil

CATL's industry leadership has recently been underscored by three of the world's most influential energy sector evaluators. S&P Global Energy named CATL a Tier 1 supplier in both energy storage battery cells and systems for 2026, ranking it first globally by market share in each category. Wood Mackenzie awarded CATL an "A" grade and placed it among the top 3 in its inaugural Global BESS Integrator Comprehensive Ranking. BloombergNEF has included CATL on its Tier 1 Energy Storage List for 11 consecutive quarters since the ranking's inception in Q1 2024. Together, these endorsements validate CATL's comprehensive strengths in long-term reliability, stable delivery, and bankability across global markets.

This industry recognition is backed by strong financial and shipment performance. CATL's energy storage battery system revenue reached RMB 53.26 billion (approximately $7.9 billion) in the first half of 2026, up 87.54% year on year. According to SNE Research, the company shipped 125.0 GWh of ESS batteries in the period, capturing the world's largest market share.

Recent project successes further demonstrate CATL's full-lifecycle delivery capability. In May 2026, CATL and Solarpro brought online a 602 MWh project in Burgas, Bulgaria, now Eastern Europe's largest operational battery storage facility. In Australia, the Supernode project reached Stage 2 commercial operation in August 2026, while Stage 3 secured A$469 million in debt financing; CATL is supplying systems across all stages and providing long-term O&M support. In the United States, the 380 MW / 1,416 MWh Gemini solar-plus-storage project has been operational since July 2024 and completed US$760 million in refinancing in March 2026, a clear sign of investor confidence in CATL-equipped assets.

香港2026年8月29日 /美通社/ -- 8月28日上午，復星國際在香港舉行2026年中期業績發佈會。這也是復星時隔6年後，再次回到香港舉辦業績發佈會。復星國際董事長郭廣昌、復星國際聯席董事長汪群斌、復星國際聯席CEO陳啟宇、復星國際聯席CEO徐曉亮、復星國際CFO龔平及多位投資者、分析師、媒體現場出席。

8月27日晚，復星國際公佈2026年中期業績：報告期內，集團總收入達人民幣869.6億元，歸屬於母公司股東的利潤達人民幣17.2億元，同比增長160.3%；海外收入達人民幣491.6億元，佔總收入比重升至56.5%。

對於上半年業績，復星國際董事長郭廣昌表示，這是復星近幾年戰略調整的結果，「晴天修屋頂」如期兌現，未來復星將聚焦形成優勢的產業，在穩定增長的軌道上提速發展。

「復星這幾年尤其是去年，『晴天修屋頂』，『晴天修車頂』，把復星這輛『戰車』修得更好了，進入了一個快速、穩健發展的軌道。」郭廣昌說。

優勢保險和優勢產業的「任督二脈」已打通

今年上半年復星四大核心企業—復星醫藥、豫園股份、復星葡萄牙保險、復星旅遊板塊，合計收入佔集團總收入的73.5%，顯示復星的基本盤非常扎實。其中，醫藥和保險表現尤為亮眼。

郭廣昌表示，「優勢的保險和優勢的產業相結合，是復星三十多年一直想打通的『任督二脈』。我覺得現在我們已經打通了，打通之後會極大地提升復星的產業能力和未來的盈利能力，會源源不斷地給復星帶來發展動力。」

對於上半年的整體運營情況，復星國際聯席董事長汪群斌表示，復星在這個階段繼續堅持瘦身健體、聚焦發展。一方面，繼續提升復星國際評級，逐漸達到「投資級」。另一方面聚焦於保險產業和優勢產業，更好地堅持長期主義，更好地穿越和駕馭經濟週期。同時，要繼續堅持「客戶優先」，不斷提升五類客戶滿意度，持續推進復星特色的開放式、整合式創新，打造全球化的商業能力和運營體系，以中國能力嫁接全球市場。

打造開放式全球創新和運營生態

創新和全球化是復星的核心戰略，也是這次業績回暖的核心推動力。在創新方面，近十多年來復星圍繞醫藥等核心業務軌道，保持高強度科創投入，僅今年上半年科創投入便達到人民幣42億元，同比上升16.7%。

復星國際聯席CEO陳啟宇介紹，復星在醫療健康領域，主要圍繞中國、美國、全球新興市場三個維度的需求進行佈局，經過十多年努力，搭建了單抗、雙抗、多抗、ADC、融合蛋白、小分子、自體CAR-T、新型通用型CAR-T、核藥等技術平台，構建了涵蓋實體瘤、血液腫瘤、免疫炎症、神經退行性疾病、心血管、代謝等疾病領域的高價值研發管線。同時，也在持續打造開放式創新生態，與更多全球性公司進行全方位的合作。

陳啟宇認為，中國生物醫藥企業在創新研發上深耕近20年後，當下都面臨着一個必須要突破的全球化核心命題——全球運營能力，尤其是全球商業化能力。因此，復星除了推進研發創新之外，一項非常重要的戰略舉措是構建全價值鏈協同的全球化運營體系，針對不同市場體系進行系統化的商業佈局，強化全球商業化能力建設。

復星國際聯席CEO徐曉亮表示，在復星的高質量經營中，非常重要的是創新驅動，創新是復星核心增長的引擎，復星的創新戰略核心有四個維度：創新研發、創新產品、創新工藝和創新場景。總的來說，復星在創新上不是單點突破，而是貫穿於研發、產品、工藝、場景的系統性創新，以此構建高質量經營的新動力。

對於復星的全球化戰略，徐曉亮表示，復星眼中的全球化戰略有兩面，A面是怎麼通過全球研發、全球生產創造出更多好產品，通過全球資源形成的產業協同、全球聯動的產業佈局；而B面關鍵是全球運營和全球營銷，圍繞全球客戶需求佈局服務網絡，強化品牌觸達和市場開拓能力。

沿可持續增長的軌道加快發展

就投資者較為關注的財務狀況，復星國際CFO龔平在業績會上介紹，2026年上半年，集團整體經營收入保持穩定，結構持續優化；盈利能力顯著修復，已重回增長軌道；科創投入持續加碼，聚焦高質量發展。同時，集團持續推進資產組合優化，夯實資產質量，穩步進入估值修復期。在業務大踏步前進的同時，集團持續優化資產負債結構，推動債務規模穩步壓降，信用評級保持穩健。

在業績會上，郭廣昌表示：「復星國際這半年的業績，大家可能覺得還不錯，但這遠遠不是我們的目標，包括董事會提出的中期百億利潤也不是我們的根本目標。一個企業的成功，離不開它的願景、使命和價值觀；有好的願景、使命、價值觀的企業，才能行穩致遠。所以我們『修車頂』也好，『修屋頂』也好，最終目的還是實現復星的願景和使命。未來復星將聚焦優勢產業，沿着可持續增長的軌道『好馬加鞭』，不斷發展。」

• ClubMed Lifestyle Group's revenue reached EUR1.95 billion in 2025.
• Adjusted EBITDA reached EUR 390 million in 2025, with the adjusted EBITDA margin rising to 20.2% in 2025.
• ClubMed Lifestyle Group expects to operate approximately 85 resorts worldwide by 2030.
• Upon completion of the proposed listing, proceeds from the proposed listing will be used primarily to expand its global resort network, upgrade its vacation offerings, and strengthen its digital and AI capabilities.

HONG KONG, Aug. 29, 2026 /PRNewswire/ -- According to an announcement published by Fosun International Limited, ClubMed Lifestyle Group, a subsidiary of Fosun International Limited, has submitted a listing application to the Hong Kong Stock Exchange for its proposed separate listing on the Main Board. The joint sponsors are BNP Paribas, HSBC and J.P. Morgan, in alphabetical order.

According to the listing application materials, ClubMed Lifestyle Group operates premium all-inclusive resorts with Club Med as its core brand. It also expands its vacation offerings including Integrated Vacation Destinations and Cultural-Tourism Complexes through an asset-light model, as it continues to build diversified vacation lifestyles.

Global Leader in High-Quality Vacation Lifestyles Pursues Hong Kong Listing

Club Med is the core brand of ClubMed Lifestyle Group. According to the listing application materials, Club Med was the world's largest all-inclusive resort brand by revenue in 2025, ranking first in both Europe, the Middle East and Africa (EMEA) and Asia-Pacific. By number of resorts in 2025, Club Med is also the world's largest mountain and ski resort brand.

To date, Club Med has established a global sales network spanning six continents and more than 40 countries and regions. It operates 69 premium resorts worldwide across a diverse range of destinations, including mountain and ski locations and sun-and-beach destinations. It is also the only resort brand with a presence in all four of the world's major ski destinations.

According to the listing application materials, ClubMed Lifestyle Group's revenue increased from EUR1.86 billion in 2023 to EUR1.95 billion in 2025, while gross profit rose from EUR 540 million to EUR 590 million. Adjusted EBITDA reached EUR 390 million in 2025, with the adjusted EBITDA margin rising to 20.2% in 2025. Club Med completed the premiumization of its entire portfolio in 2024, and its premium product portfolio has continued to deliver pricing benefits.

In 2026, Club Med was named to TIME's list of the 100 Most Influential Companies in the world, becoming the only hotel and resort brand included that year.

In addition, leveraging Club Med's brand influence and global operating capabilities, ClubMed Lifestyle Group expands its vacation offerings through an asset-light model, as it continues to build diversified vacation lifestyles. In terms of market size, the global vacation lifestyle market is expected to grow from USD 2.5 trillion in 2025 to USD 3.5 trillion in 2030.

Proceeds from the proposed listing will be used for the expansion and upgrade of its global resort business

The global vacation lifestyle industry is not only continuing to grow but is also evolving towards more integrated vacation offerings. In particular, consumer preferences are shifting from sightseeing to leisure travel, while spending power and expenditure on experiential consumption continue to increase. With the emergence of new technologies such as AI and digitalisation, the range of integrated vacation products and services available to consumers is also becoming increasingly diversified.

As a pioneer and leader of both "Lifestyle Vacation" and "Everyday Vacation", ClubMed Lifestyle Group possesses distinctive advantages and core competitiveness in developing high-quality leisure vacation lifestyles.

ClubMed Lifestyle Group has a 76-year brand heritage, a premium all-inclusive resort model and a distinctive G.O. (Gentils Organisateurs, or "Gracious Organisers") culture. These qualities enable the Group to provide guests with immersive vacation experiences characterised by active participation and emotional connection.

According to the listing application materials, ClubMed Lifestyle Group plans to accelerate its expansion into premium tourism destinations around the world, including the Alps, the southern Mediterranean, North Africa, Northeast Asia, Southeast Asia, North America and the Caribbean, and South America while exploring emerging markets such as the Middle East. ClubMed Lifestyle Group expects to operate approximately 85 resorts worldwide by 2030.

Upon completion of the proposed listing, the proceeds from ClubMed Lifestyle Group's proposed listing will be used primarily to expand its global resort network, upgrade its vacation offerings, and strengthen its digital and AI capabilities. The remaining proceeds are expected to be used to optimise its capital structure and support its day‑to‑day business operations.

Xu Xiaoliang, Chairman of ClubMed Lifestyle Group said: "The submission of the listing application in Hong Kong marks an important milestone for Fosun's tourism business as it moves towards value creation. Going forward, we will take Club Med as our core brand to accelerate the development of the global high-quality resorts. We aim to make happy holidays a lifestyle that transcends borders, and to realise our vision that 'Better Vacation, Better Life'."

Disclaimer

This announcement is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States or in any other jurisdiction. The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be offered or sold in the United States absent registration under the U.S. Securities Act or an applicable exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act. No public offering of securities will be made in the United States.

• 地中海度假集團2025年收入達19.5億歐元
• 2025年經調整EBITDA達3.9億歐元，經調整EBITDA利潤率提升至20.2%
• 目標到2030年，地中海度假集團將拓展至約85家全球度假村
• 如擬議上市完成，所得募集資金，擬主要用於拓展全球度假村網絡、度假產品迭代升級、數字化及AI能力建設等

香港2026年8月29日 /美通社/ -- 8月28日，復星國際公告稱，旗下ClubMed Lifestyle Group（下稱地中海度假集團）已向香港聯交所提交上市申請，計劃於主板掛牌獨立上市。聯席保薦人為BNP（法國巴黎銀行）、HSBC（匯豐銀行）、J.P. Morgan（摩根大通）。

上市申請材料顯示，地中海度假集團以Club Med為核心品牌，運營高端一價全包度假村，並以輕資產模式拓展度假場景服務，包括超級度假區和超級文旅目的地，持續構建多元化的度假生活方式。

全球高品質度假生活方式領導品牌衝刺港股

地中海度假集團以Club Med為核心品牌。其上市申請材料顯示，2025年Club Med按營業額計，是全球最大的一價全包度假村品牌，在歐非中東和亞太地區均位列第一。同時，按2025年度假村數量計，Club Med是全球最大的山野滑雪度假村品牌。

至今，Club Med已建立起覆蓋六大洲、40多個國家和地區的全球銷售網絡，並在全球範圍運營69個高端度假村，涵蓋山野滑雪、陽光海濱等多元目的地，且是唯一在全球四大主要滑雪目的地均有佈局的度假村品牌。

根據上市申請材料披露，地中海度假集團收入從2023年18.6億歐元增至2025年達19.5億歐元；毛利由5.4億歐元增至5.9億歐元；2025年經調整EBITDA達3.9億歐元，經調整EBITDA利潤率提升至20.2%；2024年Club Med完成了全線高端化轉型，高端產品組合持續釋放定價紅利。

2026年，Club Med入選了《時代》週刊（TIME）「全球100大最具影響力企業」榜單，是該年度唯一入選的酒店和度假村品牌。  

此外，依託Club Med的品牌影響力及全球運營能力，地中海度假集團以輕資產模式拓展度假場景服務，持續構建多元化度假生活方式。就業務規模而言，全球度假生活方式市場，預計將從2025年的2.5萬億美元增至2030年的3.5萬億美元。

募集資金擬用於全球度假業務擴張與升級

當前，全球度假生活行業不僅在持續增長，而且在向複合型度假業態轉變。尤其消費者的旅遊偏好正在從「觀光游」向「度假游」轉型，且消費能力和體驗型消費投入也在持續增加，隨着AI與數字化等新技術出現，複合型度假產品與服務供給，也變得越來越多元化。

地中海度假集團作為「生活式度假」與「度假式生活」的倡導者與引領者，在深耕高品質「休閒度假生活方式」方面，擁有得天獨厚的優勢與核心競爭力。

作為擁有76年品牌歷史沉澱的高端一價全包度假模式和獨特G.O.（Gentils Organisateurs，即「親切的組織者」）文化的度假集團，地中海度假集團還能為賓客提供具有參與感和情感連接的沉浸式度假體驗。

據上市申請材料披露，地中海度假集團計劃加速佈局全球稀缺旅遊目的地，如阿爾卑斯、南地中海、北非、東北亞、東南亞、北美及加勒比海、南美等區域，並探索中東等新興市場。預計到2030年，地中海度假集團全球度假村網絡將拓展至約85家。

如擬議上市完成，所得募集資金擬用於拓展全球度假村網絡、度假產品迭代升級、數字化及AI能力建設等，其餘部分則用於優化資本結構及日常業務運營。

地中海度假集團董事長徐曉亮表示，「這次赴港遞交上市申請，是復星旅遊業務邁向價值創造的重要時點。未來，我們將以Club Med為核心品牌，加快全球高品質度假產業的發展，讓快樂度假成為一種跨越國界的生活方式，實現『度假讓生活更美好』。」

免責聲明

本公告僅供參考之用，不構成在美國或任何其他司法管轄區出售證券的要約或購買證券的要約邀請。本公告中提及的證券尚未且不會根據經修訂的美國1933年《證券法》（「《美國證券法》」）進行註冊，除非已根據《美國證券法》進行註冊或獲得適用的註冊豁免，或在不受《美國證券法》註冊要求約束的交易中進行，否則不得在美國境內要約或出售該等證券。該等證券不會在美國進行公開發售。

香港2026年8月28日 /美通社/ -- 8月28日，復星國際公告稱，旗下ClubMed Lifestyle Group（下稱「地中海度假集團」）已向香港聯交所提交上市申請，計劃於主板掛牌獨立上市。

上市申請材料顯示，地中海度假集團以Club Med為核心品牌，運營高端一價全包度假村，並以輕資產模式拓展度假場景服務，包括超級度假區和超級文旅目的地，持續構建多元化的度假生活方式。其核心業務品牌Club Med，目前在全球範圍運營69個高端度假村，按2025年營業額計，是全球最大的一價全包度假村品牌。

根據上市申請材料披露，地中海度假集團收入從2023年18.6億歐元增至2025年19.5億歐元；毛利由5.4億歐元增至5.9億歐元；2025年經調整EBITDA達3.9億歐元，經調整EBITDA利潤率提升至20.2%。

上市申請材料還稱，預計到2030年，地中海度假集團將實現全球約85家度假村佈局。本次遞交上市申請募集資金，將主要用於拓展全球度假村網絡、度假產品迭代升級、數字化及AI能力建設等，其餘部分則用於優化資本結構及日常業務運營。

免責聲明

本公告僅供參考之用，不構成在美國或任何其他司法管轄區出售證券的要約或購買證券的要約邀請。本公告中提及的證券尚未且不會根據經修訂的美國1933年《證券法》（「《美國證券法》」）進行註冊，除非已根據《美國證券法》進行註冊或獲得適用的註冊豁免，或在不受《美國證券法》註冊要求約束的交易中進行，否則不得在美國境內要約或出售該等證券。該等證券不會在美國進行公開發售。

HONG KONG, Aug. 28, 2026 /PRNewswire/ -- According to an announcement published by Fosun International Limited, ClubMed Lifestyle Group, its subsidiary, has submitted a listing application to the Hong Kong Stock Exchange for its proposed separate listing on the Main Board.

According to the listing application materials, ClubMed Lifestyle Group operates premium all‑inclusive resorts with Club Med as its core brand. It also expands its vacation offerings including Integrated Vacation Destinations and Cultural‑Tourism Complexes through an asset‑light model, as it continues to build diversified vacation lifestyles. Club Med, its core brand, currently operates 69 premium resorts worldwide. By business volume in 2025, Club Med was the world's largest all‑inclusive resort brand.

According to the listing application materials, ClubMed Lifestyle Group's revenue increased from EUR1.86 billion in 2023 to EUR1.95 billion in 2025, while gross profit rose from EUR 540 million to EUR 590 million. Adjusted EBITDA reached EUR 390 million in 2025, with the adjusted EBITDA margin rising to 20.2%.

The listing application materials also state that ClubMed Lifestyle Group expects to operate approximately 85 resorts worldwide by 2030. Proceeds from the proposed listing will be used primarily to expand its global resort network, upgrade its vacation offerings, and strengthen its digital and AI capabilities. The remaining proceeds are expected to be used to optimise its capital structure and support its day‑to‑day business operations.

Disclaimer

This announcement is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States or in any other jurisdiction. The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be offered or sold in the United States absent registration under the U.S. Securities Act or an applicable exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act. No public offering of securities will be made in the United States.

Adjusted Profit Attributable to Owners of the Parent Surges by 54.3% YoY to HK$1.64 Billion
Acquisition of TCL Air Conditioning Business to Advance All-Category Smart Device Layout

Results and Operational Highlights

• Leveraging the strategy of "Globalisation" and "Premiumisation", TCL sustained strong growth momentum in operational performance. In the first half of 2026, revenue increased by 16.4% year-on-year ("YoY") to HK$63.76 billion, adjusted profit attributable to owners of the parent increased by 54.3% YoY to HK$1.64 billion.
• TV business: In the first half of 2026, overall revenue from the TV business increased by 24.3% to HK$35.25 billion YoY and TCL TV ranked 2^nd globally by shipment^[1], of which global shipment of Mini LED TV increased by 77.1%, with shipment remaining No. 1 globally^[2]. International markets are still the core growth driver of the Company. Gross profit in international markets increased by 70.6% YoY to HK$4.82 billion.
• Internet business: In the first half of 2026, revenue from the internet business increased by 16.1% to HK$1.69 billion YoY, while gross profit amounted to HK$1.03 billion, increased by 30.4% YoY. Among these, the high-margin international internet business recorded a YoY growth of 74.6% in revenue, accounting for over 50% of total revenue and driving the overall gross profit margin up to 61.1%, with profitability continuing to improve.
• Innovative business: In the first half of 2026, innovative business maintained steady development with revenue grew YoY by 2.5% to HK$20.37 billion.
• Strategic acquisition: TCL Electronics announced the proposed acquisition of TCL Industries Holdings' air-conditioning-related business. The acquisition aims to advance its "all-category smart device" layout strategy and further expand the Company's revenue and profitability.

HONG KONG, Aug. 28, 2026 /PRNewswire/ -- TCL Electronics Holdings Limited ("TCL Electronics" or the "Company", 01070.HK) today announced its unaudited interim results for the six months ended 30 June 2026. Benefitting from the effective implementation of its strategies of deepening global channel penetration and upgrading its mid-to-high-end product portfolio, the Company recorded a 16.4% increase YoY in revenue to HK$63.76 billion. The increase in shipment from Mini LED and large-sized products drove a notable improvement in overall ASP, while gross profit recorded YoY increase of 30.3% to HK$10.90 billion.

Meanwhile, the Company continued to deepen refined operations across the entire value chain and optimise resource allocation efficiency, achieving effective cost and expense control, with overall expense^[3] ratio at 11.7% during the reporting period. Bolstered by improved operating efficiency driven by AI and digital tools as well as economies of scale, the Company's profitability continued to improve, with profit after tax recording a YoY growth of 54.4% to HK$1.62 billion and adjusted profit attributable to owners of the parent recording a YoY growth of 54.3% to HK$1.64 billion during the period. In the first half of 2026, the Company's annualised return on equity increased by 4.2 p.p. YoY to 16.5%, maintaining a sound financial position. TCL ranked 12th in Gartner's 2026 Asia-Pacific Supply Chain Top 15, fully demonstrating the comprehensive strength and international competitiveness of the Group's supply chain system.

In terms of strategic development, on 31 March 2026, the Company entered into a transaction framework agreement with Sony in relation to the home entertainment sector through establishing a joint venture. Both parties will integrate their respective strengths in technologies, branding and supply chains to jointly build a new global home entertainment ecosystem, providing strategic support for expansion into the mid-to-high-end market.

In terms of the capital market, the Company is included for the first time in major indices including the "Hang Seng Composite Large-Cap & Mid-Cap Index" and the "Hang Seng SCHK Electronics Theme Index". Meanwhile, the Company received investment-grade ratings from three international credit rating agencies, Moody's, S&P Global Ratings and Fitch Ratings for the first time, demonstrating the international capital market recognition of the Company's operating performance, profitability and risk management capabilities.

Premiumisation and Larger-Screen Upgrades Drive Strong Performance of Display Business in International Markets

In the first half of 2026, the Company's TV business outperformed the industry, supported by its strong product competitiveness and global channel advantages. During the reporting period, revenue from the Company's TV business amounted to HK$35.25 billion, representing a YoY increase of 24.3%; gross profit reached HK$6.79 billion, up 50.5% YoY; and gross profit margin increased by 3.4 p.p. YoY to 19.3%. In the first half of 2026, TCL TV's global shipment market share reached 14.9%, up 0.7 p.p. YoY, maintaining its No.2 position globally. Its global sales revenue market share reached 13.4%, ranking among the top three globally^[4]. Global shipment of Mini LED TVs, upgraded with SQD technology as their core, reached 2.43 million units, representing a YoY increase of 77.1%. Global shipment market share maintained No.1^[5]. This further expanded the Company's premium product portfolio and validated the effectiveness of the Company's mid-to-high-end transformation and its global operating capabilities.

In terms of international markets, supported by the continued implementation of the mid-to-high-end strategy and targeted brand marketing, TCL TV's revenue reached HK$25.44 billion, representing a YoY increase of 29.6% and accounting for as much as 72.2% of TCL TV's total revenue. Gross profit increased by 70.6% YoY to HK$4.82 billion. The gross profit margin increased by 4.5 p.p. to 18.9%. In Europe, the penetration rate in key sales channels increased to 75%, driving revenue in the European market up by 17.2% YoY. In North America, revenue and ASP increased by 26.3% and over 18% YoY, respectively, driven by an improved product mix and a focus on mid- to high-end products. Driven by the on-going deepening of localised operations, revenue from emerging markets increased by 37.3% YoY, significantly outperforming the overall markets.

In PRC market, the Company outperformed the industry with its product competitiveness. Revenue increased by 12.5% YoY to HK$9.81 billion, while gross profit rose by 17.0% YoY to HK$1.98 billion in the first half of 2026. The shipment market share of Mini LED TV remained No. 1^[6] in the industry, demonstrating strong operating resilience.

The Company's small- and-medium-sized display business has been deeply engaged in the channels of leading network operators in Europe and the United States ("U.S."). In the first half of 2026, revenue increased by 27.4% YoY to HK$5.81 billion, while gross profit increased by 31.6% YoY to HK$0.83 billion. The smart commercial display business leveraged the TV business's globally leading resource advantages. In the first half of 2026, revenue increased by 23.2% YoY to HK$0.62 billion, while gross profit increased by 32.0% YoY to HK$0.07 billion.

Internet Business Sustains Strong Growth Momentum, Cumulative Users of TCL Channel Platform Reached Record High

In the first half of 2026, revenue from the Company's internet business amounted to HK$1.69 billion, representing a YoY increase of 16.1%, while gross profit amounted to HK$1.03 billion, increasing YoY by 30.4%. Among these, the high-margin international internet business recorded YoY growth of 74.6% in revenue, accounted for over 50% of total revenue and drove the overall gross profit margin up to 61.1%, profitability continues to improve.

Leveraging the scale advantages of its TV end-products and asset-light operating model, the Company's internet business deepened its cooperation with global internet giants including Google, Roku and Netflix. TCL Channel platform continued to enrich its content ecosystem, adding more than 110 local channels in the U.S., Brazil and France, viewing time for live-streaming content increased by 131% YoY. Its video-on-demand business launched more than 4,400 content items, with viewing time increasing by 106% YoY. At the end of June 2026, cumulative users of the platform exceeded 53.59 million, while total average daily usage time in Europe, North America and Latin America increased by 95% YoY. The increase in both user scale and engagement further strengthens the foundation for business monetisation.

Steady Growth in Photovoltaic Business, with TCL AiMe AI Companion Robot Pioneering a New Blue Ocean in Consumer Electronics Market

In terms of innovative business, the photovoltaic business maintained its "relatively asset-light" positioning, optimised its business structure, focused on profitability, and expanded into core markets with strong power absorption capacity, high electricity prices and stable returns. The international markets continued to focus on core European countries, leveraging the synergies between SunPower's brand influence and TCL's global channel resources to accelerate the product deployment and business expansion of its "integrated energy solutions for photovoltaics, energy storage and heating". During the first half of 2026, revenue steadily increased by 2.3% YoY to HK$11.39 billion.

Capitalising on market opportunities arising from the convergence of AI and IoT, the Company launched TCL AiMe in August 2026. Designed to provide emotional companionship in home scenarios, TCL AiMe is the world's first companion robot, featuring a modular design, human-like facial-expression interaction and whole-home voice collaboration. TCL AiMe is officially launched in August 2026 and is expected to open up a new blue ocean in the consumer electronics sector.

Acquisition of TCL Air Conditioning Business to Advance All-Category Smart Device Layout

On 15 July 2026, the Company announced its proposed acquisition of the business of TCL air conditioner for a total consideration of HK$5.61 billion. Subject to the fulfilment of the conditions precedent, the transaction is expected to be completed in the fourth quarter of 2026 and subsequently consolidated into the Company's financial statements. The global HVAC market offers substantial growth potential, driven by multiple factors including the increasing prevalence of extreme weather, rising penetration rates in emerging markets and demand for energy-efficiency upgrades. Upon completion of the transaction, the acquisition is expected to effectively strengthen the Company's earnings base. The Company will leverage its mature global sales network and localised operating capabilities to unlock synergies across globalisation, branding and supply chains for a valuation re-rating, and continue to enhance returns for shareholders.

Looking ahead, the Company will continue to consolidate its global business foundation, implement a clear premiumisation development path, strengthening the profit contribution from ecosystem businesses and cultivate diversified growth drivers. Leveraging its core strengths in global strategic layout, technological innovation, the all-category smart device ecosystem and the home entertainment platform jointly established with Sony, the Company will continue to unlock its operating potential, capitalise on industry development opportunities and achieve long-term, steady, sustainable and high-quality growth. 

About TCL Electronics

TCL Electronics Holdings Limited (01070.HK, incorporated in the Cayman Islands with limited liability) has been listed on the Main Board of The Stock Exchange of Hong Kong Limited since November 1999. Its business scope covers display business, innovative business, and internet business. Guided by the business philosophy of "Strategy Guidance, Innovation Driven, Advanced Manufacturing and Global Operation", TCL Electronics actively embraces transformation and innovation and focuses on breaking into the mid-to-high-end global market, and strives for an all-category layout for the "Smart IoT Ecosystem". Dedicated to providing users with all-scenario smart healthy living experiences, TCL Electronics aims to become a leading global intelligent terminal enterprise. TCL Electronics is included in the list of eligible shares for the Shenzhen-Hong Kong Stock Connect. It is a constituent stock of the Hang Seng Stock Connect Hong Kong Index, the Hang Seng Composite LargeCap & MidCap Index, and the "Hang Seng SCHK Electronics Theme Index". Since 2018, the Company has been awarded an ESG rating of A by Hang Seng Indexes Company for several consecutive years.

For more information, please visit TCL Electronics' investor relations website at http://electronics.tcl.com, or access the official WeChat account of TCL Electronics Investor Relations.

經調整歸母淨利潤同比增長54.3%至16.4億港元

收購TCL空調業務 推進全品類智能終端佈局

業績及經營亮點

• 憑藉「全球化」與「中高端化」戰略，經營業績保持強勁增長。2026年上半年，收入同比增長16.4%至637.6億港元，經調整歸母淨利潤同比增長54.3%至16.4億港元。
• TV業務：2026年上半年，整體收入同比增長24.3%至352.5億港元，TCL TV全球出貨量保持前二^[1]，Mini LED TV全球出貨量同比增長77.1%，出貨規模稳居全球首位^[2]。國際市場依然是核心增長動力，2026年上半年國際市場毛利同比增長70.6%至48.2億港元。
• 互聯網業務：2026年上半年收入同比增長16.1%至16.9億港元，毛利同比增長30.4%達10.3億港元，其中高毛利的國際互聯網收入同比增長高達74.6%，收入佔比提升至50%以上，推動整體毛利率上行至61.1%，盈利能力持續優化。
• 創新業務：2026年上半年創新業務發展穩健，收入同比增長2.5%至203.7億港元。
• 戰略收購：TCL電子擬收購TCL實業控股旗下的空調相關業務，全面推進「全品類智能終端」佈局，進一步提升收入及盈利水平。

香港2026年8月28日 /美通社/ -- TCL電子控股有限公司（「TCL電子」或「公司」，01070.HK）今天公佈截至2026年6月30日止六個月未經審核之中期業績。受益於全球化渠道深耕及中高端產品升級戰略的有效落地，公司整體收入與去年同比增長16.4%至637.6億港元。Mini LED及大呎吋產品出貨佔比提升帶動整體ASP明顯改善，毛利增長30.3%至109.0億港元。

憑藉持續深耕全鏈條精細化運營，優化各項資源投放效率，實現成本費用有效管控，期內整體費用^[3]率為11.7%。受惠於AI與數字化工具驅動運營效率提升及規模效應，公司盈利能力持續向好，期內除稅後利潤增長54.4%至16.2億港元，經調整歸母淨利潤增長54.3%至16.4億港元。2026年上半年，公司年化淨資產收益率上升4.2個百分點至16.5%，財務狀況保持穩健。此外，TCL成功入選Gartner 2026年亞太供應鏈15強榜單，位列第12名，充分印證公司供應鏈體系的綜合實力與國際競爭力。

戰略合作方面，2026年3月31日，公司與索尼就家庭娛樂領域簽署交易框架協議，雙方擬組建合資企業，整合各自技術、品牌與供應鏈優勢共建全球家庭娛樂新生態，為拓展中高端市場增添重要戰略支撐。

資本市場方面，公司於年內首次獲納入「恒生綜合大中型股指數」、「恒生港股通電子主題指數」等多個權威指數；同時首次獲得穆迪、標普及惠譽三大國際評級機構一致授予的投資級評級，彰顯了國際資本市場對公司經營表現、盈利能力及風控管理水平的全面認可。

中高端化、大屏化升級驅動，显示業務國際市場表現強勁 

2026年上半年，公司TV業務憑藉突出的產品競爭力和全球渠道優勢，實現了超越行業的增長。報告期內，公司TV業務收入352.5億港元，同比增長24.3%；毛利達67.9億港元，同比增長50.5%；毛利率同比提升3.4個百分點達19.3%。2026年上半年TCL TV全球出貨量市佔率達14.9%，同比提升0.7個百分點，穩居全球前二；全球銷售額市佔率達13.4%，位列全球前三^[4]。以SQD技術為核心升級的Mini LED TV全球出貨量達243萬台，同比增長77.1%，全球出貨量市佔率穩居行業第一^[5]，進一步驗證公司TV中高端轉型成果及全球市場競爭力。

國際市場方面，得益於中高端戰略的持續推進以及品牌營銷的精準觸達，TCL TV收入達254.4億港元，同比增長29.6%，佔公司 TV業務整體收入高達72.2%；毛利同比增長70.6%至48.2億港元，毛利率同比提升4.5個百份點至18.9%。歐洲市場重點渠道門店滲透率提升至75%，推動收入同比增長17.2%；北美市場聚焦中高端，產品結構改善明顯，收入及ASP分別錄得26.3%及超18%的同比增長；新興市場持續深化本土化運營，帶動收入同比增長37.3%，大幅跑贏行業整體表現。

中國市場方面，公司憑借產品競爭力，大幅跑贏行業表現。2026年上半年收入同比增長12.5%至98.1億港元，毛利同比增長17.0%至19.8億港元。Mini LED TV出貨量市場份額穩居行業第一[6] ，展現出強勁經營韌性。

公司中小呎吋顯示業務深耕歐美一線網絡運營商渠道。2026年上半年，收入同比增長27.4%至58.1億港元，毛利同比增長31.6% 至8.3億港元。智慧商顯業務復用TV業務全球領先的資源優勢，2026年上半年，收入同比增長23.2%至6.2億港元，毛利同比增長32.0%至0.7億港元。

互聯網業務增長勢頭持續 TCL Channel平台累計用戶數創新高

2026年上半年，公司互聯網業務實現收入16.9億港元，同比增長16.1%；毛利達10.3億港元，同比增長30.4%，其中高毛利的國際互聯網收入同比增長74.6%，收入佔比提升至50%以上，推動整體毛利率上行至61.1%，盈利能力持續優化。

互聯網業務憑藉TV終端規模優勢及輕資產業務模式，攜手全球互聯網巨頭如Google、Roku、Netflix等展開深度合作。TCL Channel平台持續完善內容生態，於美國、巴西、法國等市場新增超過110個本土頻道，直播板塊觀看時長同比增長131%；點播業務上線超過4,400項內容，觀看時長同比提升106%。截至2026年6月底，平台累計用戶數突破5,359萬，歐美及拉美地區日均使用總時長同比增長95%，用戶數量與活躍度的提升進一步夯實業務變現的基礎。

光伏業務穩健增長，TCL AiMe AI陪伴機器人開闢消費電子新藍海

創新業務方面，光伏業務堅持以「相對輕資產」定位，優化結構、聚焦利潤，精準拓展消納能力強、電價高、收益穩固的核心市場，以面對國內光伏行業供需失衡及市場競爭加劇的外部環境。國際市場聚焦歐洲重點國家，協同 SunPower品牌優勢，加快推進「光儲熱」產品及業務發展。2026年上半年，收入同比錄得2.3%穩定增長至113.9億港元。

公司積極把握AI與物聯網融合帶來的市場機遇，旗下全球首款陪育機器人TCL AiMe定位家庭情感陪伴場景，具備模塊化設計、擬人化表情互動及全屋語音協同功能，已於2026年8月上市，開闢消費電子賽道新藍海。

收購TCL空調業務 ，推進全品類智能終端佈局

2026年7月15日，公司宣佈擬以總代價56.1億港元收購TCL空調業務；待先決條件達成後，交易預計於2026年第四季度完成交割並納入公司財務報表。全球HVAC市場受極端天氣常態化、新興市場滲透率提升及能效升級需求等多重因素驅動，成長空間廣闊。待交易完成後，將有效增厚公司盈利底盤，並依託本公司成熟的全球銷售網絡及本地化運營能力，釋放國際化、品牌與供應鏈層面的跨業務協同價值，打開估值重塑空間，持續為股東創造回報。

展望未來，公司將持續夯實全球業務基礎，落地清晰的高端化發展路徑，強化生態業務盈利貢獻，培育多元成長動能。憑藉全球化佈局、技術創新、全品類智能終端生態及與索尼共建家庭娛樂平台等核心優勢，持續釋放經營潛力，把握行業發展機遇，實現長期穩健、可持續的高質量發展。

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有關 TCL 電子

TCL 電子控股有限公司（01070.HK，於開曼群島註冊成立之有限公司），自 1999 年 11 月起於香港聯交所主板上市，業務範圍涵蓋顯示業務、創新業務以及互聯網業務。TCL 電子以「戰略引領、創新驅動、先進製造、全球經營」為經營理念，積極變革創新，聚焦突破全球中高端市場，努力夯實「智能物聯生態」全品類佈局，致力為用戶提供全場景智慧健康生活，致力成為全球化經營的領先智能終端企業。TCL 電子已獲納入深港通之合資格港股通股份名單，是恒生港股通指數、恒生綜合中大型股指數及恒生港股通電子主題指數成分股，並從 2018 年起連續多年獲得恒生指數公司授予 ESG 評級 A。

如欲查詢更多資料，請瀏覽 TCL 電子投資者關係網站 http://electronics.tcl.com，或訪問 TCL 電子投資者關係官方微信公眾號。

[1] 數據源：Omdia，2026 年上半年全球品牌TV出貨量數據。
[2] 數據源：Omdia，2026 年上半年全球品牌 Mini LED TV 出貨量數據。
[3] 整體費用包含銷售及分銷支出和行政支出。
[4] 數據源：Omdia, 2026年上半年全球品牌TV出貨數據。
[5] 數據源：Omdia, 2026年上半年全球品牌Mini LED TV出貨量數據。
[6] 數據源：中怡康全渠道數據， 基於2026年上半年Mini LED TV零售數據。

Adjusted Profit Attributable to Owners of the Parent Surges by 54.3% YoY to HK$1.64 Billion

Acquisition of TCL Air Conditioning Business to Advance All-Category Smart Device Layout

Results and Operational Highlights

• Leveraging the strategy of "Globalisation" and "Premiumisation", TCL sustained strong growth momentum in operational performance. In the first half of 2026, revenue increased by 16.4% year-on-year ("YoY") to HK$63.76 billion, adjusted profit attributable to owners of the parent increased by 54.3% YoY to HK$1.64 billion.
  
  
• TV business: In the first half of 2026, overall revenue from the TV business increased by 24.3% to HK$35.25 billion YoY and TCL TV ranked 2^nd globally by shipment^[1], of which global shipment of Mini LED TV increased by 77.1%, with shipment remaining No. 1 globally^[2]. International markets are still the core growth driver of the Company. Gross profit in international markets increased by 70.6% YoY to HK$4.82 billion.
  
  
• Internet business: In the first half of 2026, revenue from the internet business increased by 16.1% to HK$1.69 billion YoY, while gross profit amounted to HK$1.03 billion, increased by 30.4% YoY. Among these, the high-margin international internet business recorded a YoY growth of 74.6% in revenue, accounting for over 50% of total revenue and driving the overall gross profit margin up to 61.1%, with profitability continuing to improve.
  
  
• Innovative business: In the first half of 2026, innovative business maintained steady development with revenue grew YoY by 2.5% to HK$20.37 billion.
  
  
• Strategic acquisition: TCL Electronics announced the proposed acquisition of TCL Industries Holdings' air-conditioning-related business. The acquisition aims to advance its "all-category smart device" layout strategy and further expand the Company's revenue and profitability.

HONG KONG, Aug. 28, 2026 /PRNewswire/ -- TCL Electronics Holdings Limited ("TCL Electronics" or the "Company", 01070.HK) today announced its unaudited interim results for the six months ended 30 June 2026. Benefitting from the effective implementation of its strategies of deepening global channel penetration and upgrading its mid-to-high-end product portfolio, the Company recorded a 16.4% increase YoY in revenue to HK$63.76 billion. The increase in  shipment from Mini LED and large-sized products drove a notable improvement in overall  ASP, while gross profit recorded YoY increase of 30.3% to HK$10.90 billion.

Meanwhile, the Company continued to deepen refined operations across the entire value chain and optimise resource allocation efficiency, achieving effective cost and expense control, with overall expense^[3] ratio at 11.7% during the reporting period. Bolstered by improved operating efficiency driven by AI and digital tools as well as economies of scale, the Company's profitability continued to improve, with profit after tax recording a YoY growth of 54.4% to HK$1.62 billion and adjusted profit attributable to owners of the parent recording a YoY growth of 54.3% to HK$1.64 billion during the period. In the first half of 2026, the Company's annualised return on equity increased by 4.2 p.p. YoY to 16.5%, maintaining a sound financial position. TCL ranked 12th in Gartner's 2026 Asia-Pacific Supply Chain Top 15, fully demonstrating the comprehensive strength and international competitiveness of the Group's supply chain system.

In terms of strategic development, on 31 March 2026, the Company entered into a transaction framework agreement with Sony in relation to the home entertainment sector through establishing a joint venture. Both parties will integrate their respective strengths in technologies, branding and supply chains to jointly build a new global home entertainment ecosystem, providing strategic support for expansion into the mid-to-high-end market.

In terms of the capital market, the Company is included for the first time in major indices including the "Hang Seng Composite Large-Cap & Mid-Cap Index" and the "Hang Seng SCHK Electronics Theme Index". Meanwhile, the Company received investment-grade ratings from three international credit rating agencies, Moody's, S&P Global Ratings and Fitch Ratings for the first time, demonstrating the international capital market recognition of the Company's operating performance, profitability and risk management capabilities.

Premiumisation and Larger-Screen Upgrades Drive Strong Performance of Display Business in International Markets

In the first half of 2026, the Company's TV business outperformed the industry, supported by its strong product competitiveness and global channel advantages. During the reporting period, revenue from the Company's TV business amounted to HK$35.25 billion, representing a YoY increase of 24.3%; gross profit reached HK$6.79 billion, up 50.5% YoY; and gross profit margin increased by 3.4 p.p. YoY to 19.3%. In the first half of 2026, TCL TV's global shipment market share reached 14.9%, up 0.7 p.p. YoY, maintaining its No.2 position globally. Its global sales revenue market share reached 13.4%, ranking among the top three globally^[4]. Global shipment of Mini LED TVs, upgraded with SQD technology as their core, reached 2.43 million units, representing a YoY increase of 77.1%. Global shipment market share maintained No.1^[5]. This further expanded the Company's premium product portfolio and validated the effectiveness of the Company's mid-to-high-end transformation and its global operating capabilities.

In terms of international markets, supported by the continued implementation of the mid-to-high-end strategy and targeted brand marketing, TCL TV's revenue reached HK$25.44 billion, representing a YoY increase of 29.6% and accounting for as much as 72.2% of TCL TV's total revenue. Gross profit increased by 70.6% YoY to HK$4.82 billion. The gross profit margin increased by 4.5 p.p. to 18.9%. In Europe, the penetration rate in key sales channels increased to 75%, driving revenue in the European market up by 17.2% YoY. In North America, revenue and ASP increased by 26.3% and over 18% YoY, respectively, driven by an improved product mix and a focus on mid- to high-end products. Driven by the on-going deepening of localised operations, revenue from emerging markets increased by 37.3% YoY, significantly outperforming the overall markets.

In PRC market, the Company outperformed the industry with its product competitiveness. Revenue increased by 12.5% YoY to HK$9.81 billion, while gross profit rose by 17.0% YoY to HK$1.98 billion in the first half of 2026. The shipment market share of Mini LED TV remained No. 1^[6] in the industry, demonstrating strong operating resilience.

The Company's small- and-medium-sized display business has been deeply engaged in the channels of leading network operators in Europe and the United States ("U.S."). In the first half of 2026, revenue increased by 27.4% YoY to HK$5.81 billion, while gross profit increased by 31.6% YoY to HK$0.83 billion. The smart commercial display business leveraged the TV business's globally leading resource advantages. In the first half of 2026, revenue increased by 23.2% YoY to HK$0.62 billion, while gross profit increased by 32.0% YoY to HK$0.07 billion.

Internet Business Sustains Strong Growth Momentum, Cumulative Users of TCL Channel Platform Reached Record High

In the first half of 2026, revenue from the Company's internet business amounted to HK$1.69 billion, representing a YoY increase of 16.1%, while gross profit amounted to HK$1.03 billion, increasing YoY by 30.4%. Among these, the high-margin international internet business recorded YoY growth of 74.6% in revenue, accounted for over 50% of total revenue and drove the overall gross profit margin up to 61.1%, profitability continues to improve.

Leveraging the scale advantages of its TV end-products and asset-light operating model, the Company's internet business deepened its cooperation with global internet giants including Google, Roku and Netflix. TCL Channel platform continued to enrich its content ecosystem, adding more than 110 local channels in the U.S., Brazil and France, viewing time for live-streaming content increased by 131% YoY. Its video-on-demand business launched more than 4,400 content items, with viewing time increasing by 106% YoY. At the end of June 2026, cumulative users of the platform exceeded 53.59 million, while total average daily usage time in Europe, North America and Latin America increased by 95% YoY. The increase in both user scale and engagement further strengthens the foundation for business monetisation.

Steady Growth in Photovoltaic Business, with TCL AiMe AI Companion Robot Pioneering a New Blue Ocean in Consumer Electronics Market

In terms of innovative business, the photovoltaic business maintained its "relatively asset-light" positioning, optimised its business structure, focused on profitability, and expanded into core markets with strong power absorption capacity, high electricity prices and stable returns. The international markets continued to focus on core European countries, leveraging the synergies between SunPower's brand influence and TCL's global channel resources to accelerate the product deployment and business expansion of its "integrated energy solutions for photovoltaics, energy storage and heating". During the first half of 2026, revenue steadily increased by 2.3% YoY to HK$11.39 billion.

Capitalising on market opportunities arising from the convergence of AI and IoT, the Company launched TCL AiMe in August 2026. Designed to provide emotional companionship in home scenarios, TCL AiMe is the world's first companion robot, featuring a modular design, human-like facial-expression interaction and whole-home voice collaboration. TCL AiMe is officially launched in August 2026 and is expected to open up a new blue ocean in the consumer electronics sector.

Acquisition of TCL Air Conditioning Business to Advance All-Category Smart Device Layout

On 15 July 2026, the Company announced its proposed acquisition of the business of TCL air conditioner for a total consideration of HK$5.61 billion. Subject to the fulfilment of the conditions precedent, the transaction is expected to be completed in the fourth quarter of 2026 and subsequently consolidated into the Company's financial statements. The global HVAC market offers substantial growth potential, driven by multiple factors including the increasing prevalence of extreme weather, rising penetration rates in emerging markets and demand for energy-efficiency upgrades. Upon completion of the transaction, the acquisition is expected to effectively strengthen the Company's earnings base. The Company will leverage its mature global sales network and localised operating capabilities to unlock synergies across globalisation, branding and supply chains for a valuation re-rating, and continue to enhance returns for shareholders.

Looking ahead, the Company will continue to consolidate its global business foundation, implement a clear premiumisation development path, strengthening the profit contribution from ecosystem businesses and cultivate diversified growth drivers. Leveraging its core strengths in global strategic layout, technological innovation, the all-category smart device ecosystem and the home entertainment platform jointly established with Sony, the Company will continue to unlock its operating potential, capitalise on industry development opportunities and achieve long-term, steady, sustainable and high-quality growth. 

- Ends -

About TCL Electronics

TCL Electronics Holdings Limited (01070.HK, incorporated in the Cayman Islands with limited liability) has been listed on the Main Board of The Stock Exchange of Hong Kong Limited since November 1999. Its business scope covers display business, innovative business, and internet business. Guided by the business philosophy of "Strategy Guidance, Innovation Driven, Advanced Manufacturing and Global Operation", TCL Electronics actively embraces transformation and innovation and focuses on breaking into the mid-to-high-end global market, and strives for an all-category layout for the "Smart IoT Ecosystem". Dedicated to providing users with all-scenario smart healthy living experiences, TCL Electronics aims to become a leading global intelligent terminal enterprise. TCL Electronics is included in the list of eligible shares for the Shenzhen-Hong Kong Stock Connect. It is a constituent stock of the Hang Seng Stock Connect Hong Kong Index, the Hang Seng Composite LargeCap & MidCap Index, and the "Hang Seng SCHK Electronics Theme Index". Since 2018, the Company has been awarded an ESG rating of A by Hang Seng Indexes Company for several consecutive years.

For more information, please visit TCL Electronics' investor relations website at http://electronics.tcl.com, or access the official WeChat account of TCL Electronics Investor Relations.

• Supply Chain and International revenue increased 15.6% year-over-year, and excluding KLN the revenue surged by 46.6%, as the Company's second growth engine accelerated
• Adjusted net profit increased to RMB 5.0 billion, up 9.3% year-over-year, underpinned by continuous operational optimisation and enhanced management efficiency
• Shareholder returns set to reach 125% of profit attributable to owners of the Company, reflecting a commitment to enhancing shareholder returns

HONG KONG, Aug. 28, 2026 /PRNewswire/ -- S.F. Holding Co., Ltd. ("SF Holding" or "SF" or "the Company", 002352.SZ; 06936.HK), the largest integrated logistics service provider in Asia, announced its financial results for the first half of 2026, with revenue of RMB 155.5 billion. Rising to No. 372 on the 2026 Fortune Global 500 list and securing an upgraded MSCI ESG Rating of "AA", the Company delivered steady growth across its core businesses, with strong momentum in its supply chain and international business, empowered by its digital-intelligence capabilities.

During the first half of 2026, SF delivered resilient domestic business growth, with reinforced competitive advantages across its diverse product offerings. As the second growth engine, the Supply Chain and International business gained accelerating momentum, driven by leading enterprises' pursuit of greater global supply chain resilience and efficiency. Leveraging its global footprint and enhanced supply chain capabilities, SF continues to deepen penetration into leading enterprises' supply chains to empower their global development. Notably, revenue from SF's Supply Chain and International business increased 15.6% year-over-year, with core revenue excluding KLN growing 46.6%, marking a significant acceleration of the Company's second growth engine.

As a commitment to enhancing shareholder returns, the Company has lifted its 2026 interim dividend payout ratio to 45%, up 5 percentage points from 40% for full-year 2025. It also announced an amendment to the Five-Year Shareholder Return Plan (2024-2028), subject to shareholders' general meeting approval. The plan envisages a steady rise in dividend payout ratios, targeting 45% in 2026, 50% in 2027 and no less than 50% in 2028.

Commenting on the results, Alex Ho, Executive Director and Chief Financial Officer, said: "We remained focused on sustainable and healthy development, prioritizing customer value above all. Through seizing global growth opportunities, leveraging lean management and AI-driven efficiency gains across our business lines, and creating long-term value for our customers' global supply chains, we will drive sustainable business growth and deliver enhanced returns to our shareholders."

Competitive Moat Deepens, Driving Growth in Revenue and Profits

In the first half of 2026, SF's core domestic businesses delivered steady growth and maintained leading market positions, while ongoing network optimization, resource integration and lean operations further drove efficiency improvements.

Within time-definite express, driven by proactive business-mix optimization, premium time-definite express revenue rose 5.3% year-over-year, outpacing GDP growth. The growth was underpinned by SF's extensive service network, customized services across diverse scenarios and deepening penetrations. In the first half of 2026, the Company served approximately 780 concerts and more than 2,000 exhibitions. In economy express, SF focused on the mid-to-high-end segment, lifting unit revenue by 6% year-over-year. Freight delivered strong growth, with volumes of industrial bulky items over 100 kilograms expanding by more than 20%, leveraging resource integration with strategic partners. Intra-city delivery also posted robust revenue and profit growth on the back of unlocked scale effects.

Empowering Customers' Global Supply Chains, the Second Growth Curve Gathers Strong Momentum

In the first half of 2026, revenue from SF's Supply Chain and International business increased 15.6% year-over-year, with core revenue excluding KLN growing 46.6%, marking a significant acceleration of the Company's second growth engine. Notably, driven by leading enterprises' demand for more efficient, cost-effective and resilient supply chains, SF's international supply chain (excluding KLN) revenue surged 155%, while international express and cross-border e-commerce logistics revenue increased 60% year-over-year. SF delves into customers' full-chain logistics demands and streamlines the upstream-downstream ecosystem through intelligent supply chain systems. It supports leading enterprises across their global footprint in building agile and resilient supply chains as their trusted partner.

Centered in Asia with global reach, the Company has further solidified its leading cross-border capabilities. It operates Asia's largest all-cargo fleet of 111 aircraft, alongside up to 213 weekly cross-border flights and over 2.2 million square meters of overseas warehouses across the Asia-Pacific region. The Company's customs clearance network spans 100 ports worldwide, and SF recently secured the Authorized Economic Operator (AEO) certification in South Korea. The Company has also obtained GMS and TIR qualifications to facilitate cross-border ground transportation without truck transshipment.  As of the end of the Reporting Period, the Company had cumulatively launched 61 domestic routes and 25 international routes at the Ezhou cargo hub, with international air cargo throughput increasing by 23% year-on-year.

AI-Enabled Operations Drive Measurable Results

Leveraging its diverse real-world logistics scenarios, extensive logistics knowhow and proprietary logistics-specific large models, SF further scaled AI-enabled applications across its operations in the first half of 2026. As of 30 June, the Company had deployed nearly 15,000 AI agents to boost efficiency across core workflows spanning customer engagement, network planning, fulfillment and administration.

On the hardware front, SF expanded intelligent equipment deployment across its logistics network. It operates nine fully automated lights-out warehouses, and has scaled adoption of automated case-handling robots (ACR) and automated guided vehicles (AGVs) across its sorting centers. The Company also deploys autopilot trucks for line-haul transportation and unmanned vehicles for short-haul shuttling. This equipment has driven a 7.4% year-on-year improvement in sorting efficiency and 1.5-hour daily reduction in per-capita working hours, easing frontline workloads and enabling employees to focus on higher-value customer service.

Reaffirming Shareholder Commitment

SF Holding remains committed to delivering sustainable returns to shareholders. In the first half of 2026, the Company doubled the cap of its A-share repurchase program to RMB 6.0 billion and launched its first H-share repurchase program of HKD 500 million. In the first half of 2026, the Company completed approximately RMB 4.37 billion in A-share and H-share share repurchases. Together with the proposed interim cash dividend of RMB 2.50 billion, the aggregate amount stands at around RMB 6.87 billion, equivalent to 125% of profit attributable to owners of the Company for the first half year.

To improve shareholder returns, SF has raised its 2026 interim dividend payout ratio to 45%, an increase of 5 percentage points from the 40% payout ratio for full-year 2025. In addition, the Company announced an amendment to the Five-Year Shareholder Return Plan (2024-2028), subject to approval by shareholders' general meeting. The plan targets cash dividend payout ratios of 45% for 2026, 50% for 2027 and no less than 50% for 2028.

Business Outlook

Looking ahead, SF Holding will remain committed to sustainable and healthy development and reinforce its leadership in integrated logistics. Capitalising on enterprises' global development and rising demand for supply chain efficiency and stability, the Company will further enhance its cross-border capabilities and deepen partnerships with leading enterprises across diverse industries. By translating these operational strengths into customer value, SF Holding will continue to help customers reduce end-to-end logistics costs, improve fulfillment efficiency and strengthen supply chain resilience. Through value-driven business expansion, technology-empowered operations and ongoing efficiency gains, the Company aims to create enduring value for customers and shareholders.

About S.F. Holding

Founded in 1993, S.F. Holding Co., Ltd. (002352.SZ; 06936.HK) is the largest integrated logistics service provider in Asia and the fourth largest globally. Listed on the Shenzhen Stock Exchange and the Hong Kong Stock Exchange, SF Holding is the constituent stock in the CSI 300 Index, MSCI Emerging Markets Index and holds an "AA" rating in MSCI ESG Ratings. Demonstrating a commitment to being fast, reliable, and customer-focused, the Company utilizes cutting-edge digital technology to promote intelligent and sustainable supply chains, striving to be the well-respected and the world's leading digital intelligence logistics solution provider. For further information, please visit https://ir.sf-express.com/en/.