TCL Electronics (01070) rose more than 6%, reaching HK$10.34 by the time of writing, with a trading volume of HK$109 million. In Q3 2025, TCL TV global shipments hit 7.61 million units, bringing the total for the first three quarters to 21.08 million, up 5.3% year-on-year. Notably, TCL Mini LED TV shipments surged 153.3% YoY to 2.24 million units during the same period. Optimized product mix drove TCL TV revenue growth to outpace shipments, increasing 8.7% YoY.

In September, TCL launched the world’s first TV with built-in Google AI assistant Gemini—the TCL QM9K—in international markets. The model features a self-developed AI imaging chip for enhanced picture detail, color performance, and motion effects, alongside proactive AI services for smart home control, schedule management, news aggregation, and device connectivity.

Pacific Securities highlighted TCL Electronics as a global TV industry leader, with growing market share in smart screens and premium large-sized products, steady profitability in internet services, and rapid expansion in solar and full-category marketing. The firm is also actively investing in AI hardware like smart glasses and companion robots, which could drive long-term growth. China Merchants Securities echoed optimism, citing TCL’s rising premium market share, global supply chain advantages, and efficiency improvements in innovation-driven segments.