TCL EXPORTS GROW

TCL Electronics has defied the negative trend and posted a 16.5% year-on-year increase in export volume in the first quarter of 2020, ranking on top of all Chinese peers.

China’s TV exports experienced a downward 2% year-on-year to 25.7 million sets in Q1 2020, due to the COVID-19 pandemic and country’s extended Spring Festival vacation. TCL Electronics' exports, however, swelled 16.5% to 5 million sets. The Company accounted for nearly 20%, the largest share, of total TV exports from mainland China.

TCL brand TVs in the U.S. retail market increased by 6%* year-on-year, with an increase of 45%* in March sequentially. TCL brand TVs maintained their No.2* position with 15.4%* market share in the first quarter in the U.S. retail market.

In the Philippines, Thailand, Vietnam, India, Pakistan, Hong Kong, and Australia, TCL Electronics also made great achievement in the first quarter of 2020, with its sales volume growth outpacing the local markets and gaining more market shares than one year ago.

On the rankings of market share by sales volume in key markets in the first quarter, the Company was No.1 in Pakistan, No.2 in the Philippines and Myanmar, No.3 in Canada, France, Saudi Arabia, and Australia, No.4 in Hong Kong, Thailand, Vietnam, Mexico, Brazil, and Argentina, and No.5 in Italy. It is noteworthy that the Company was the monthly champion of March in Australia and claimed just 10th place in Italy during Q1 2019. (Data source: GfK)