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TCL Electronics Awarded Listed Company Awards Of Excellence For 2 Consecutive Years

Posted by TCL Electronics

TCL Electronics Holdings Limited is pleased to announce that with its outstanding performance and excellent corporate governance, it has won the “Listed Company Awards of Excellence 2019” from the Hong Kong Economic Journal (HKEJ), one of the most authoritative and credible financial media in Hong Kong. TCL Electronics has won the honor for two consecutive years which represents continuous recognition from the capital market and industry experts for its comprehensive strength, excellent financial performance, rigorous corporate governance and proactive investor relations.

The “Listed Company Awards of Excellence 2019” is organized by HKEJ with a stringent selection process and aims to honor listed companies for their excellent performance. All candidates are screened based on four important criteria, Piotroski F-Score, including number of recommendations from professional analysts, stock price performance and financial performance with the adoption of EJFQ “signals”, a unique stock-tracking system developed by HKEJ. The shortlist is verified by a judging panel comprising industry leaders, industry chamber of commerce, professional consultants and the conference, and 33 most competent listed companies are selected among over 2,000 Hong Kong listed companies.

As one of the leading companies in the global TV industry, TCL Electronics’ TV products are currently sold in more than 160 countries and regions around the world, and its overseas shipments remain No.1 among Chinese TV brands for 10 consecutive years. In 2019, the Company further developed high potential overseas markets and accelerated globalization strategies. In the first three quarters of this year, the Company’s global TV shipments ranked 2nd in the world (source: Sigmaintell), and the market share increased by 1.1 percentage points year-on-year to 13.2%, marking the biggest growth among the world’s top three TV manufacturers. It is noteworthy that the Company has been able to generate revenue from overseas Internet business for the first time this year and deepened cooperation with partners such as Google, Roku and Netflix, becoming the first Chinese company in the industry to have a large and sustainable overseas Internet business revenue.

In the past year, TCL Electronics has made remarkable progress in the globalization strategies, product mix optimization and Internet business, laying a good foundation for the sustained growth on its performance. At the same time, TCL Electronics continuously enhances its corporate governance and the quality of information disclosure, actively communicates and interacts with investors and shareholders via various methods, keeps the capital market well-informed about the Company’s development, and improves the quality of its business operations and enhances the Company’s image in capital market by way of maintaining a high dividend payout ratio to share profits with investors. Being awarded for the second time indicates that the Company is strongly recognized by the investment community, the media and the public. It also demonstrates the Company’s efficient operations and effective corporate governance. In the future, TCL Electronics will further deepen its strategic cooperation with overseas Internet business partners, constantly propel brand globalization and enhance brand influence. By continuously optimizing global production capacities and expanding global market shares, TCL Electronics is committed to becoming the world’s leading Smart technology company with sustainable user operating revenue to generate greater value for shareholders. TVJ Bureau

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