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TOKYO, March 26, 2025 /PRNewswire/ -- ARBOR Technology, a specialist in industrial automation solutions, is excited to announce its participation in Japan IT Week Spring 2025, where it will unveil cutting-edge technologies, including award-winning innovations and AI-driven solutions leveraging the latest platform advancements. Robust and High-performance Industrial Computing Solutions NUC Tiny, Ultra Mighty: The IEC-3714, featuring 34 TOPS of AI computing power driven by Intel® Core™ Ultra processors and Intel® Arc™ Graphics, integrates CPU, GPU, and NPU capabilities, offering unparalleled performance and efficiency in a compact design. ARBOR is showcasing its application in smart retail, where data collected by cameras is compared using AI models, including age, gender, and object recognition. It enables further integration with inventory management systems, thus allowing for real-time decisions on promotions and restocking based on weather, season, and other factors. Edge AI, Instant Decisions: Designed for edge AI, the FPC-5211 excels at handling the demanding computational requirements of modern smart city applications. This capability allows it to not only process large volumes of data from various sensors. By performing AI inference at the edge, the FPC-5211 minimizes latency and enables real-time decision-making. The innovative FPC-5211 has received the prestigious Best in Show award from Embedded Computing Design at Embedded World 2025 in Nuremberg, Germany. Enhanced Accuracy, More Realistic Generation: The AEC-6000 Series, powered by NVIDIA Jetson AGX Orin, delivers exceptional AI computing performance, enabling smooth execution of complex VLM models for real-time, high-efficiency image and language processing. It features edge computing capabilities, reducing latency and enhancing security. This is crucial for VLM applications requiring immediate responses, such as autonomous driving, smart factories, and drones. A Well-designed Stackable and Compact Design: The ARES-1983H series, featuring Din-rail and EzIO modular design, offers exceptional flexibility and customization. ARBOR Technology's EzIO enables rapid, tailored I/O solutions for diverse industrial needs. This series has been recognized as the Product of the Year by Industrial Production. "At Japan IT Week 2025, ARBOR will demonstrate how our cutting-edge technologies enable businesses to maintain a competitive edge," stated Ivan Huang, Vice President of APAC at ARBOR Technology. "Visit our booth to explore how ARBOR's innovative products can optimize your projects and propel your business growth." Japan IT Week 2025Tokyo Big Sight, JapanDate: Apr. 23-25 | Booth: Hall East, 18-25arbor-technology.com Contact:Rex PanAssistant Marketing Managerrexpan@arbor.com.tw https://arbor-technology.com
Harnessing AI and Cloud Technology to Enhance Security and Strengthen Global Competitiveness TAIPEI, March 25, 2025 /PRNewswire/ -- VIVOTEK (TWSE: 3454), the global leading security solution provider, has been committed to safeguarding communities and building a sustainable future since its founding in 2000. With "Care" as its core value, the company integrates cutting-edge security technologies to foster a safer and more sustainable world. Marking its 25th anniversary, VIVOTEK has unveiled its anniversary slogan, "MAKE TOMORROW EASIER, TODAY!" along with a refreshed brand identity, emphasizing its focus on AI and cloud-driven solutions. VIVOTEK aims to simplify security by leveraging advanced technology, empowering customers to embrace a safer and more seamless future. As a key highlight of its 25th anniversary, VIVOTEK will showcase its latest AI-powered security innovations—integrated with Vision Language Model—at ISC West 2025, the largest international security trade show in the U.S., this April, ushering in a new era of intelligent security solutions. VIVOTEK celebrates its 25th anniversary with the launch of its anniversary slogan - MAKE TOMORROW EASIER, TODAY! and pledges to strengthen AI and cloud for a sustainable future. "From a humble startup with fewer than 10 employees to a global enterprise with around 1,300 team members and a presence in over 100 countries, VIVOTEK has been at the forefront of the security industry's evolution—from analog to digital, IoT, cloud and AI. With 'Care' as our driving force, we are dedicated to fulfilling the fundamental human need for security. Moving forward, we will continue to strengthen our AI and cloud capabilities, working hand in hand with our customers and partners to build a sustainable future." said VIVOTEK President Alex Liao. To commemorate its 25th anniversary, VIVOTEK is launching a global campaign under the theme "MAKE TOMORROW EASIER, TODAY!" The company is also reviving its partner event —its first post-pandemic distributor gathering—bringing together hundreds of partners in Taiwan to experience VIVOTEK's vision, explore key security technologies and discuss global market strategies. VIVOTEK understands its customers' need for enhanced security efficiency. It has integrated its full range of AI-powered cameras, AI-driven video analytics and AI-Powered cloud surveillance platform VORTEX into a hybrid cloud solution. The number of connected VORTEX cameras has surpassed 10,000, enabling businesses to achieve greater efficiency, flexibility and security while maximizing cost-effectiveness and security performance. Regarding vertical market strategy, VIVOTEK prioritizes Smart Cities, Smart Transportation and Smart Manufacturing while also expanding into retail, education and sustainability sectors, bringing its AI-driven solutions to a global audience. Beyond technological innovation and market expansion, VIVOTEK remains committed to corporate social responsibility and sustainable development. The company actively promotes green transformation and carbon reduction initiatives, develops energy-efficient products and strongly emphasizes community engagement. VIVOTEK has organized the "Safety Map Sustainability Event" for four consecutive years, enhancing local neighborhoods, mental retardation training services institution, elementary school and historic village to improve community safety and environmental sustainability. With these efforts, VIVOTEK is paving its path toward becoming the world's most trusted smart security brand.
HANNOVER, Germany, March 24, 2025 /PRNewswire/ -- SUPCON, a global leader in industrial automation, will showcase its AI-powered Full Stack Industrial Automation Solutions at the Hannover Messe 2025, to be held from March 31 to April 4 in Hannover, Germany. As a pioneer in full-stack automation—encompassing instrument, control, and software—SUPCON is all set to demonstrate how it is driving smart manufacturing and digital transformation through real-time data acquisition, AI-powered industrial control, advanced data monitoring, and intelligent optimization. SUPCON's booth at the Hannover Messe 2025: Stand G059 Key exhibits will include: UCS (Universal Control System) leverages on control data center, all-optical deterministic networks, and intelligent devices to establish a new "cloud-network-edge" minimalistic architecture, addressing the three major challenges of control systems in the AI era: data, computing power, and algorithms. It features Software-defined, Total Digitalized, and Cloud-based characteristics. UCS is driving the industry's transition to "AI-driven autonomous operation", accelerating the evolution of smart manufacturing. TPT (Time-series Pre-trained Transformer) is an advanced AI model designed for the process industry, overcoming the rigidity of traditional task-specific AI systems. By enabling collaborative production models that surpass unidirectional instruction-based approaches, TPT revolutionizes industrial production, enhances scalability, and delivers adaptive solutions for diverse industrial demands through advanced AI-driven coordination. The PLANTBOT robot solution focuses on the application of intelligent robots in the segmented field of process industries, breaking through the application gap of robots. PLANTBOT creates an advanced intelligent factory architecture through AI-based multi-modal fusion and prediction, secure closed-loop control for complex multi-machine collaboration, and comprehensive dispatching management across the business automation (BA) and process automation (PA) domains, to build an integrated industrial robot ecosystem and help enterprises achieve excellent operation and innovative development. SOLISCADA is a SCADA software designed for industrial data monitoring and control. It supports up to 50,000 tags at zero cost and offers unlimited scalability, making it a game-changer for industrial automation. By redefining process control and data management, SOLISCADA empowers engineers, enhances operational visibility, and drives data-driven decision-making. Trusted by industries such as municipal services, oil & gas, pharmaceuticals, and manufacturing, SOLISCADA delivers unparalleled efficiency and intelligence to modern industrial operations. Hobré Intelligent Gas Analyzer provides real-time, high-precision gas analysis, forming the foundation of intelligent automation. Using zero-emission Raman Spectroscopy, it enables instantaneous process insights, optimizing energy efficiency, emissions reduction, and process control in natural gas processing, hydrogen blending, and syngas monitoring. At Hannover Messe 2025, SUPCON will reaffirm its commitment to empowering industries with cutting-edge full-stack automation solutions by integrating Instrument, Control, and Software into a seamless ecosystem. Through real-time data acquisition, autonomous control, Al-driven decision-making, and advanced monitoring, SUPCON enables industries to achieve greater efficiency, sustainability, and digital transformation while embracing the future of intelligent automation with confidence and precision. Join SUPCON at Hannover Messe 2025 SUPCON invites attendees to visit Booth Hall 9, G059, where live demonstrations will highlight the interoperability of its AI-Powered Full Stack Industrial Automation Solutions. Event Date: March 31 - April 4, 2025 Booth: Hall 9, G059 Register for a Visitor's Pass to the exhibition via link: https://www.hannovermesse.de/en/application/registration/direct-entry-tickets-passes?code=KhuLy . Alternatively, you may reach out to SUPCON to register your interest: marketing@global.supcon.com For more information, visit: https://global.supcon.com/ About SUPCON Founded in 1999, SUPCON is a global leader in industrial automation, serving over 30,000 customers across over 50 countries worldwide.
SHENZHEN, China, March 22, 2025 /PRNewswire/ -- MicroCloud Hologram Inc. (Nasdaq: HOLO) ("MicroCloud" or the "Company") today filed its operational and financial results for the fiscal year ended December 31, 2024, on Form 20-F with the U.S. Securities and Exchange Commission (the "SEC"). MicroCloud is dedicated to the research, development, and application of holographic technology, striving to offer leading holographic technology services to customers worldwide. In 2024, the Company achieved remarkable successes in multiple aspects such as financial performance, technological R&D, and market expansion. Steady Revenue Growth: In 2024, the total operating revenue climbed to RMB 290 million (around $40.7625 million), achieving a 42.16% year-over-year growth compared with RMB 204 million in 2023. Notably, the service business revenue performed particularly prominently, growing substantially from RMB 181 million in 2023 to RMB 277 million in 2024, representing a 53.04% increase year-over-year. This positive trend fully indicates that the Company's products and services have won wide recognition in the market, with remarkable business expansion results. It further consolidates its market position within the industry and lays a solid foundation for future sustainable development. Expansion of cash and cash equivalents Scale: By the end of 2024, the Company's cash and cash equivalents surged to RMB 851.47 million (approximately $118.45 million), reflecting a 575.54% year-over-year increase and underscoring its robust financial health and strategic agility. This growth was primarily driven by strategic capital deployment, coupled with stable non-current assets, these achievements highlight the Company's unwavering commitment to technological leadership and sustainable growth, solidifying its position as a trailblazer in holographic solutions. Wei Peng, the Chairman of the Board of Directors of MicroCloud Hologram Inc., stated, "2024 marked a pivotal year for solidifying our financial foundation, characterized by 42.16% revenue growth, a 53.14% surge in service business performance, and a 575.54% increase in cash and cash equivalents. These achievements demonstrate our ability to execute strategic priorities—financial resilience, technological leadership, and market expansion—through relentless innovation and market alignment. These achievements were fueled by our team's relentless focus on technological innovation and astute alignment with market demands. Looking ahead, we will leverage this momentum to accelerate R&D investment in holographic technologies, deepen integration of cutting-edge solutions, expand our global footprint, and enhance product/service quality and competitiveness, all while remaining steadfast in our commitment to delivering groundbreaking experiences to customers worldwide and advancing the Company to new heights in holography and related advanced technologies." The information disclosed in this press release is not comprehensive. For a full understanding, please refer to the Company's annual report on Form 20-F. The annual report, which contains the Company's audited consolidated financial statements, can be accessed on the SEC's website at http://www.sec.gov. About MicroCloud Hologram Inc. MicroCloud provides a wide range of holographic technology services in the holographic industry, including high - precision holographic light detection and ranging (LiDAR) solutions based on holographic technology, exclusive holographic LiDAR point - cloud algorithm architecture design, breakthrough holographic imaging technology solutions, holographic LiDAR sensor chip design, and holographic vehicle intelligent vision technology to serve customers that provide reliable holographic advanced driver assistance systems (ADAS). MicroCloud also offers holographic digital twin technology services for customers and has established a proprietary holographic digital twin technology resource library. Safe Harbor / Forward - Looking Statements This press release contains "forward - looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward - looking statements can be identified by terms such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," and similar expressions. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward - looking statements. Among other things, the business outlook and the Company's strategic and operational plans contain forward - looking statements. Forward - looking statements are not guarantees or assurances of future performance and involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward - looking statement, including but not limited to the following: the Company's goals and strategies; the Company's future business development, financial condition, and results of operations; the expected growth of the holographic industry; and the Company's expectations regarding demand for and market acceptance of its products and services. Further information regarding these and other risks is included in the Company's annual report on Form 20 - F, and current report on Form 6 - K, as well as other documents filed with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not assume any obligation to update any forward - looking statement, except as required under applicable laws.
MUMBAI, India, March 21, 2025 /PRNewswire/ -- Tata Communications (NSE: TATACOMM) (BSE: 500483), a leading global communications technology player and a prominent player in private Cloud, today announced the launch of Tata Communications Vayu, its next-gen Cloud fabric revolutionising enterprise IT. With a unified, purpose-driven architecture, it tackles rising Cloud costs, multi-Cloud complexities, and AI infrastructure demands — empowering businesses to navigate the Intelligent Enterprise era seamlessly. Key features Unified & Cost-Optimised: Seamlessly integrates IaaS, PaaS, AI, Security, and Connectivity, reducing Cloud costs by up to 30% AI-Powered & Scalable: On-demand NVIDIA GPUs, AI Studio, and automation accelerate AI adoption while cutting costs Simplified Multi-Cloud & DevOps: Vendor-agnostic with built-in DevOps tools, API management, & microservices Security & Compliance: Zero-trust framework, encryption, and compliance with DPDP 2025, RBI, SEBI, IRDAI, MeitY Industry-Specific Solutions: Customisable for government, finance, and retail, balancing Cloud models Sustainable & Future-Ready: Carbon-neutral Cloud, energy-efficient data centres, and direct liquid cooling plans Built for ease, control and the future, the Cloud fabric seamlessly integrates IaaS, PaaS, AI Platform, Security, Cloud Connectivity, and professional services into a single, intelligent ecosystem. This eliminates management complexity, reduces operational costs and ensures enterprises can scale effortlessly — without vendor lock-in. With a transparent pricing model, built-in FinOps automation, and multi-Cloud flexibility, it delivers up to 30% cost savings while optimising workload performance. Compared with large Cloud service providers, it reduces costs by 15-25%, with no data egress charges or hidden fees. As enterprises accelerate AI adoption, Tata Communications Vayu AI Cloud provides on-demand access to high-performance NVIDIA GPUs, eliminating costly infrastructure investments and enabling seamless AI model training, fine-tuning, and deployment at scale. It also features an AI Studio — including an AI workbench, model garden, and responsible AI frameworks — to accelerate innovation. Additionally, integrated Generative AI and AIOps automate operations and enhance intelligent monitoring, while AI-driven DevOps tools and advanced training platforms empower businesses to deploy AI efficiently, reducing complexity and controlling costs. Tata Communications Vayu's PaaS services further simplify application deployment with serverless computing, auto scaling, and managed databases. Its AI/ML platform streamlines model training and deployment, while built-in API management, microservices and Integrated DevOps tools automate workflows — enabling enterprises to innovate rapidly without infrastructure management burdens. Unlike traditional Cloud solutions that require managing multiple vendors and platforms, Tata Communications Vayu offers a fully integrated Cloud ecosystem spanning compute, storage, AI, security, and Cloud connectivity. Whether enterprises need high-performance virtual machines, scalable storage, or AI-powered automation, it delivers a seamless platform to build, deploy, and manage workloads. Recognising that no two businesses are alike, Tata Communications collaborates with enterprises to design purpose-built Cloud strategies that balance public, private, and on-premises deployments. From government to financial services to retail, Tata Communications Vayu ensures Cloud infrastructure aligns with industry-specific requirements, and long-term growth aspirations. The fabric guarantees seamless data accessibility across different environments — on-premises, in the Cloud, or at the Edge — while maintaining data integrity throughout its lifecycle. Featuring precise access controls, data masking, consent management, and protection of personal information, the robust framework safeguards sensitive enterprise data, offering businesses peace of mind. Tata Communications Vayu also features a zero-trust security framework, advanced identity and access controls, and compliance with key regulations — including the Digital Personal Data Protection (DPDP) Rules 2025, RBI, SEBI, IRDAI, and the Ministry of Electronics and Information Technology (MeitY). Enterprises can operate confidently, knowing their data is encrypted both at rest and in transit, protected against evolving cyber threats. Finally, in an era where sustainability is a business imperative, Tata Communications Vayu leads with carbon-neutral Cloud options and energy-efficient data centres. Tata Communications plans to introduce direct liquid cooling — an advanced technology optimising heat management for high-performance computing — allowing enterprises to achieve ESG goals while benefitting from superior Cloud performance. A.S. Lakshminarayanan, MD & CEO, Tata Communications, said: "As the digital era accelerates, the need for enterprise Cloud and AI solutions that balance performance, cost, and sustainability has never been greater. Tata Communications Vayu is more than a product — it will pioneer a new way forward for businesses to integrate, uncomplicate and innovate." Bhaskar Gorti, Executive Vice President, Cloud and Cybersecurity Services, Tata Communications added: "Tata Communications Vayu signifies a transformational shift. Enterprises today need more than just basic Cloud services, and our latest offering is the beginning of a new chapter in Cloud evolution — one where technology is no longer an obstacle but an enabler of limitless possibilities." Visit here for more details. About Tata Communications A part of the Tata Group, Tata Communications (NSE: TATACOMM) (BSE: 500483) is a global digital ecosystem enabler powering today's fast-growing digital economy in more than 190 countries and territories. Leading with trust, it enables digital transformation of enterprises globally with collaboration and connected solutions, core and next gen connectivity, Cloud hosting and security solutions and media services. 300 of the Fortune 500 companies are its customers and the company connects businesses to 80% of the world's Cloud giants. For more information, please visit www.tatacommunications.com Forward-looking and cautionary statements Certain words and statements in this release concerning Tata Communications and its prospects, and other statements, including those relating to Tata Communications' expected financial position, business strategy, the future development of Tata Communications' operations, and the general economy in India, are forward-looking statements. Such statements involve known and unknown risks, uncertainties, and other factors, including financial, regulatory, and environmental, as well as those relating to industry growth and trend projections, which may cause actual results, performance or achievements of Tata Communications, or industry results, to differ materially from those expressed or implied by such forward-looking statements. The important factors that could cause actual results, performance or achievements to differ materially from such forward- looking statements include, among others, failure to increase the volume of traffic on Tata Communications' network; failure to develop new products and services that meet customer demands and generate acceptable margins; failure to successfully complete commercial testing of new technology and information systems to support new products and services, including voice transmission services; failure to stabilize or reduce the rate of price compression on certain of the company's communications services; failure to integrate strategic acquisitions and changes in government policies or regulations of India and, in particular, changes relating to the administration of Tata Communications' industry; and, in general, the economic, business and credit conditions in India. Additional factors that could cause actual results, performance, or achievements to differ materially from such forward-looking statements, many of which are not in Tata Communications' control, include, but are not limited to, those risk factors discussed in Tata Communications Limited's Annual Reports. The Annual Reports of Tata Communications Limited are available at www.tatacommunications.com. Tata Communications is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements. © 2025 Tata Communications Ltd. All rights reserved. TATA COMMUNICATIONS and TATA are trademarks or registered trademarks of Tata Sons Private Limited in India and certain countries.
Adheres to Mid-to-High-End Strategy and Globalised LayoutAchieves Effective Global Scale Growth Results Highlights TCL Electronics' mid-to-high-end and globalisation strategies yielded tangible results, enhancing its profitability significantly. In 2024, it achieved revenue of HK$99.32 billion, up 25.7% year-on-year ("YoY"), and adjusted profit attributable to owners of the parent[1] was HK$1.61 billion, representing a YoY increase of 100.1% In 2024, shipment of TCL TV grew 14.8% YoY to 29 million sets, increasing its market share by 1.4 percentage points YoY to 13.9%, ranking it among the top two TV brands in the world[2] Global shipment of TCL's mid-to-high-end Mini LED TV exceeded 1.7 million sets, with a rapid YoY growth of 194.5%, and the global market share in terms of shipment increased by 9.9 percentage points YoY to 22.5%, ranking second in the world[3] Innovative business continued strong growth, with revenue up 44.9% YoY to HK$27.01 billion. Notably, revenue of the photovoltaic business rose significantly to 12.87 billion, representing a YoY increase of 104.4%, gross profit increased by 104.4% YoY, reaching 1.23 billion The Board proposed a final dividend of HK31.8 cents per share in cash, representing a dividend payout ratio of 50% of adjusted profit attributable to owners of the parent, continuing high dividend policy to reward shareholders HONG KONG, March 21, 2025 /PRNewswire/ -- TCL Electronics Holdings Limited ("TCL Electronics" or the "Company", 01070.HK) today announced its annual results for the year ended 31 December 2024. During the year, the growth of Company's large-sized display business far outperformed the industry, complemented by rapid scale expansion of the innovative business, the Company's revenue grew by 25.7% YoY to HK$99.32 billion in 2024. Meanwhile, the Company actively seized policy opportunities, and "mid-to-high-end + large-screen" strategies yielded significant results, driving a YoY increase of 13.8% in gross profit to HK$15.55 billion, achieving high-quality growth in overall results. In addition, the Company continuously optimised its operational efficiency, with the selling and distribution expense ratio declining by 1.0 percentage point YoY to 7.6% in 2024, driven by the precision marketing strategy. The administrative expense ratio decreased by 0.9 percentage points YoY to 4.2%, resulting in an overall expense[4] ratio decrease of 1.9 percentage points YoY to 11.8%. The Company's adjusted profit attributable to owners of the parent in 2024 was HK$1.61 billion, representing a YoY increase of 100.1%, showing a significant enhancement in profitability. In recognition of the long-term support from shareholders, the Board proposed a final dividend of HK$31.8 cents per share in cash, representing a dividend payout ratio of 50% of the adjusted profit attributable to owners of the parent, fully demonstrating the Company's sincerity in sharing development results with shareholders. TCL TV Sales Volume and Revenue Outpaced Industry, Mini LED TV Sales Exceeding Expectations and Tripling YoY In 2024, driven by major sporting events like the Euro Cup and the Olympic Games, shipment of the global TV industry grew by 3.7% YoY[2]. TCL Electronics actively seized market opportunities, leveraging "TCL + Falcon" dual-brand and the "mid-to-high-end + large-screen" strategic to deepen the layout, successfully consolidated its industry-leading position. In 2024, global shipment of TCL TV increased by 14.8% YoY to 29 million sets, setting a new historical high record and significantly outperforming the industry average. According to the reports from Omdia, TCL TV's global market share in terms of shipment consistently expanded from 5.6% in 2015 to 13.9% in 2024, ranking among the top two global TV brands. Meanwhile, the Company actively invested in Mini LED display technology innovation, promoting optimisation in product structure, with shipment of large-sized and mid-to-high-end TVs maintaining high growth. In 2024, the global shipment of TCL TV of 65-inch and above increased by 21.3% YoY, while shipment of 75-inch and above TCL TV grew by an impressive 39.8% YoY. Global shipment of TCL Mini LED TV exceeded 1.7 million sets, with a YoY growth of 194.5%, and the global market share in terms of shipment increased by 9.9 percentage points YoY to 22.5%, ranking second in the world[3]. Global shipment of large-sized display products increased significantly YoY, highlighting the advantages of the product structure and driving revenue from the Company's large-sized display business up 23.6% YoY to HK$60.11 billion. In the domestic market, starting from August 2024, the "trade-in" policies further stimulated market demand, leading to a steady increase in the sales volume of TCL TV in the domestic market. In 2024, shipment of TCL TV in the domestic market grew against the trend by 5.8% YoY, with shipment of Falcon-branded TVs increasing by 38.5% YoY. The average domestic shipment price of TCL TV increased by 12.4% YoY, driving revenue growth of 18.9% YoY to HK$19.1 billion. Notably, growth in the domestic sales volume of TCL Mini LED TV exceeded expectations, with shipment increasing by 264.7% YoY, ranking first in retail sales volume in the PRC market[5]. In the international market, leveraging precision marketing in the global market, TCL TV continuously enhanced its global brand influence and business scale accelerated expansion. Shipment of TCL TV in the international market experienced a YoY growth of 17.6%, while revenue grew by 25.9% to HK$41.06 billion. Among them, international market shipment of TCL Mini LED TV grew rapidly at a YoY rate of 135.5%, and shipment of 75-inch and above TCL TV increased significantly by 79.7%, demonstrating strong market competitiveness. According to data from GfK[6] and Circana[7], TCL TV ranked among the top three in terms of retail sales volume in nearly 20 countries overseas. In addition, TCL Electronics will continuously deepen the application of AI technologies in its products, by further expanding cooperation with Google, to integrate Google's AI large-language model, Gemini, into its overseas flagship TV series, achieving precise analysis of users' viewing habits and interests, and personalised recommendations, offering users a more intelligent and convenient product experience. Internet Business Continuously Enhances User Experience and Services, Focusing on Overseas Markets, Consolidating Monetisation Capabilities TCL Electronics is committed to expanding the global presence of its home internet business and strives to provide users with products and services that allow multi-screen real-time interaction and smart sensing across all scenarios. The Company's global internet business revenue in 2024 reached HK$2.63 billion, with the gross profit margin increasing by 1.3 percentage points to 56.2%, demonstrating continuous enhancement in profitability. As an innovator in the OTT field, TCL Electronics upgraded the "TCL LINGKONG UI 2.0" during the year, which greatly enhanced the convenience and comfort of use through functionality optimisation like simplified control, customisable user profile system, ad-free, visual upgrade, etc., as well as functions like large-and-small-screen connection and editing of TV home screens by using mobile phones. Meanwhile, the Company has created its proprietary IP of "Lei Dong Dong" based on the AI large-language model and cooperated with leading children's IPs to introduce AI animation for children's education, continuing to provide users with rich and diversified platform content. In the international market, the Company continued to strengthen its close cooperation with internet giants such as Google, Roku and Netflix, and comprehensively upgraded the integrated content application TCL Channel, continuously enhancing the traffic monetisation capacity of the overseas business. As at the end of 2024, TCL Channel has covered overseas markets globally, with more than 32.6 million cumulative users. During the year, the Company's internet business revenue from the international market amounted to HK$820 million, representing a YoY increase of 16.8%, showing steady growth momentum. Continuous Enhancement of Global Brand Reputation, Growth Momentum of Innovative Business Further Unleashes TCL Electronics strengthened global marketing across multiple aspects, including brand marketing, channel management, retail management, and user and e-commerce management, through sports marketing, diversified event sponsorships, and the establishment of a global customer management system, effectively enhancing marketing efficiency and brand value. In 2024, the TCL brand was recognised in the "Google x Kantar BrandZ Top 50 Chinese Global Brand Builders" for the eighth consecutive year. In February 2025, TCL officially announced to be a Worldwide Olympic Partner. In future collaboration, TCL will provide technological, product, and service support for the Olympic Games, focusing on smart device segments such as TVs, air conditioners, refrigerators, and washing machines. The enhancement of brand value, coupled with globalised channel resources, and advantages of vertical integration across the entire industry chain, not only supported the continuous scale expansion of the display business, but also served as an essential driving force for the rapid development of innovative business such as photovoltaic business and all-category marketing. During the year, the revenue from the innovative business increased by 44.9% YoY to HK$27.01 billion, with the gross profit increasing by 30.5% YoY to HK$3.35 billion. Photovoltaic Business: Entering the First Tier in Industry with Continuous Improvement in Operational Efficiency and Profitability TCL Electronics adhered to its strategic positioning as a "user-oriented, world-leading intelligent distributed energy solutions service provider", fully leveraging its advantages, such as upstream industrial chain resources, financial partnerships, industrial and commercial project reserves, and comprehensive channel coverage. The Company stayed aligned with the "Relatively Light Asset" model, focused resources on seizing high-quality markets, and successfully entered the first tier in the household business. During the year, the Company's photovoltaic business revenue increased significantly by 104.4% to HK$12.87 billion, with gross profit growing by 104.4% to HK$1.23 billion, while gross profit margin remained at 9.6%. As at the end of 2024, the Company's photovoltaic business has covered 23 key provinces and cities in the PRC, with over 220 industrial and commercial contracted projects, over 2,110 distribution channels, and more than 170,000 contracted rural residents. The Company will accelerate expansion into key overseas markets, focusing on professional distributors and installer channels for solar energy storage, aiming to grasp the opportunities arising from the global energy transformation and carbon-neutral development, striving to become an integrated global new energy solution provider. All-Category Marketing: Branding and Channel Synergies Facilitated Solid Double-Digit Growth in All-Category Distribution Scale Leveraging the global brand influence accumulated by the display business over the years and the trans-regional market channels, the Company's global brand distribution business of smart products, such as air conditioners, refrigerators, and washing machines, has achieved solid growth, with particularly outstanding performance in overseas markets. In 2024, the all-category marketing revenue increased by 19.6% YoY to HK$12.45 billion. Notably, the overseas revenue grew by 51.5% YoY to HK$7.02 billion, and gross profit increased by 8.9% to HK$1.73 billion. During the year, several new products of the Company were recognised by industry awards, such as the "Innovation Award" and the "AWE Excellent Product Award" at the AWE Award Ceremony, showing the unanimous recognition of the Company's product competitiveness by both the industry and consumers. Smart Connection and Smart Home: Leading the Industry in AI Robotics Layout, Maintaining Industry-leading Position in Smart Glasses In 2024, the revenue of TCL Electronics' smart connection and smart home business reached HK$1.69 billion, and the gross profit margin increased by 3.5 percentage points YoY to 22.7%, as profitability further improved. For the smart connection business, the Company continued to cultivate carrier channels while proactively developing 4G and 5G product lineups. For the smart home business, the Company launched new smart door lock products such as the K7G series and X9S PRO, and entered overseas markets in the fourth quarter of the year, listing three smart door lock and camera products on Amazon. In addition, TCL Electronics has consistently cultivated the AR and XR fields. RayNeo, a company internally incubated by the Company, ranked first in China's consumer-grade AR glasses market with a remarkable 35.6% market share[8]. During Consumer Electronics Show (CES) 2025, TCL Electronics also showcased another significant achievement in the smart home field—the world's first modular AI companion robot, TCL Ai Me. This product features a bionic appearance design and a mobile space capsule base, possesses multimodal natural interaction capabilities that enable emotional companionship and personified interactions. The launch of TCL Ai Me marks a new development stage in TCL Electronics' innovative exploration of the smart home field and demonstrates its technical capabilities in integrating AI and IoT technologies. Outlook: Grasping Market Opportunities, Deepening "Mid-to-High-End + Globalisation" Layout, Pursuing High-Quality Growth Looking ahead to 2025, the Company will continue to deepen the "Mid-to-High-End + Globalisation" layout, with product competitiveness as the primary driver, comprehensively enhance its global product planning capabilities and increase investment in the development of cutting-edge technologies such as artificial intelligence. At the same time, by promoting global multi-centre operations, the Company will continue to advance its glocalisation strategy and build a smart ecological supply chain centred on consumers and customers. The Company will steadfastly adhere to the strategic direction of "Lead with Brand Value, Excel in Global Efficiency, Drive with Technology, Thrive on Global Vitality". It will continuously strengthen its global operational capabilities across five key dimensions: branding, technology, operations, marketing, and organisation. With the operational goal of "net profit growth > gross profit growth > revenue growth", the Company will steadily progress towards its vision of becoming a "world-leading smart device enterprise", creating long-term value for customers, employees, shareholders, and society. About TCL Electronics TCL Electronics Holdings Limited (01070.HK, incorporated in the Cayman Islands with limited liability) was listed on the mainboard of the Hong Kong Stock Exchange in November 1999. It is engaged in display business, innovative business and internet business. TCL Electronics actively transforms and innovates under the strategy of "Lead with Brand Value, Excel in Global Efficiency, Drive with Technology, Thrive on Global Vitality". Focusing on the mid-to-high-end markets around the world, the Company strives to consolidate the "Intelligent IoT Ecosystem" strategy and is committed to providing users with an all-scenario smart and healthy life while developing into a world-leading smart technology company. TCL Electronics is part of the Shenzhen-Hong Kong Stock Connect program and is included in the Hang Seng Stock Connect Hong Kong Index, the Hang Seng Composite MidCap & SmallCap Index and the Hang Seng Corporate Sustainability Benchmark Index. Besides, it has received Hang Seng Index's ESG rating of A for consecutive years since 2018. For more information, please visit the investor relations web page of TCL Electronics at http://electronics.tcl.com or follow the WeChat Official Page of TCL Electronics investor relations. [1] Adjusted net profit attributable to owners of the parent is defined as net profit attributable to owners of the parent after adding back the following adjustments: (i) (gain)/loss from investment companies, net; (ii) (gain)/loss on disposal and liquidation of subsidiaries, net; (iii) (gain)/loss related to call options and put options, net; (iv) (gain)/loss on disposal of non-current assets, net.; and (v) income tax effect. [2] Source: Global brand TV shipment of 2024 from Omdia. [3] Source: Global Mini LED TV shipment of 2024 from Sigmaintell. [4] Overall expenses include selling and distribution expenses and administrative expenses [5] Source: Retail sales volume of brand TV of 2024 in the PRC market from CMM's omni-channel data. [6] Source: Global market report of GfK, based on TV retail sales volume in January 2024 to December 2024. [7] Source: U.S./Canada/Mexico retail market survey report of Circana, based on TV retail sales volume in January 2024 to December 2024. [8] Source: China XR market sales volume data report of 2024 from RUNTO.
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