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TCL Electronics (01070.HK) Achieves 13% YoY Growth in Global TV Shipment in Q2 2024

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Overseas Shipment of 75-inch and above TCL TV Surges 78% YoY in First Half of the Year

HONG KONG, July 21, 2024 /PRNewswire/ — TCL Electronics Holdings Limited (“TCL Electronics” or the “Company”, 01070.HK) today announced its global shipment data for the first half of 2024. Benefiting from the Company’s proactive global market expansion and effective enhancement of brand influence, shipment of TCL TV achieved a notable 12.9% year-on-year (“YoY”) increase in the second quarter of 2024, reaching 6.68 million sets with a 14.3% quarter-on-quarter growth. In the first half of 2024, shipment of TCL TV reached 12.52 million sets, representing a 9.2% YoY increase.

The Company’s large-screen and high-end products continued to gain traction among global consumers. The global shipment of TCL TV of 65-inch and above rose by 14.5% YoY, with its corresponding proportion increasing to 23.6%; global shipment of TCL TV of 75-inch and above saw a substantial 34.5% YoY increase, with its shipment proportion reaching 11.8%. The overall average TV size also increased by 1.8 inches YoY, from 49.9 inches to 51.7 inches. The shipment of TCL Electronics’ mid-to-high-end quantum dot (“QLED”) and Mini LED TVs experienced significant growth, with global shipments increasing by 64.4% and 122.4% YoY, respectively. Shipment of Mini LED TV, in particular, maintained a global leading position.

Product Structure Optimisation and Targeted Marketing Investment Drive Leading Market Share Worldwide

TCL Electronics’ exceptional performance in overseas markets during the first half of 2024 is noteworthy. Shipment of TCL TV in the international markets grew by 10.4% YoY, with a significant 77.9% YoY increase in the TV shipment of 75-inch and above, further optimising the product mix. Through cooperation with important sports tournaments such as the Copa América, the Company invested precisely in brand marketing, and expanded the coverage in key channels in regions such as North America, Europe and Emerging Markets1. As a result, TCL TV ranked in the top five in 30 countries worldwide2, and the TCL brand was recognised in the prestigious “Google x Kantar BrandZ Top 50 Chinese Global Brand Builders” for the eighth consecutive year.

As a pioneer in Mini LED display technology, TCL Electronics leveraged its well-established global channels to swiftly roll out its cutting-edge Mini LED TV products. The launch of 115-inch QD-Mini LED TV in North America, Europe, the Middle East, Africa and Asia Pacific garnered widespread attention. In the first half of 2024, shipment of TCL Mini LED TV in overseas markets saw a remarkable 124.7% increase YoY.

In terms of regional performance, shipment of TCL TV in Europe and emerging markets maintained an upward trajectory in the first half of 2024. TCL Electronics’ ongoing efforts to expand channels in key countries yielded positive results. In the European market, shipment of TCL-branded TV increased by 40.1%, securing second place in retail sales volume market share in France, Sweden, and Poland, and third place in the Czech Republic and Spain3. In Emerging Markets, the Company’s proactive approach to introducing competitive new products in certain regions and strengthening brand marketing paid off. Shipment in Latin America and the Middle East and Africa increased by 11.6% and 25.4% YoY, respectively. The retail sales volume market share in the Philippines, Australia, Myanmar, and Pakistan remained at the top of the industry3. In North America, the Company continued to promote its mid-to-high-end strategy and actively adjusted its channel and product mix. Shipment of TCL TV of 75-inch and above rose by 46.9% YoY, with its corresponding proportion increasing by 2.8 percentage points YoY to 8.4%, as overall shipment remained stable. Also, market share of TCL TV in terms of retail sales volume in the U.S. increased by 0.1 percentage point, solidifying its position as the second-largest player in the market4.

Adherence to Brand-Leading Strategy, Continued Promotion of “TCL+Falcon” Dual Brand Strategy

Despite the persistent decline in domestic demand, which led to a 10.7%5 YoY decrease of TV retail sales volume in the PRC market in the first half of 2024, TCL Electronics demonstrated resilience. By seizing policy opportunities such as “trade-ins of consumer goods” and leveraging the strength of its “TCL + Falcon” dual brand strategy, coupled with the approach of upward market expansion and targeting younger demographics, the Company achieved a 5.4% YoY increase in shipment in the PRC market. Notably, the YoY growth rate of Falcon-branded TV reached an impressive 66.4%. According to CMM omni-channel sales data5, the retail sales volume market share of TCL TV (TCL + Falcon) in the PRC market increased by 2.3 percentage points YoY to 20.0% in the first half of 2024, securing the second position. Meanwhile, the retail sales volume of TCL Mini LED TV in the PRC market remained top 1 in the first half of 2024.

While steadfastly executing the “TCL + Falcon” dual brand strategy, the Company also actively adjusted its product structure to further penetrate the mid-to-high-end market. In the first half of 2024, TCL TV shipment of 65-inch and above and 75-inch and above in the PRC market increased by 6.7% and 17.7% YoY with their corresponding proportion increasing by 0.6 percentage points and 3.5 percentage points to 51.5% and 33.2% respectively.

Looking ahead, TCL Electronics remains committed to its development strategy of “Lead with Brand Value, Excel in Global Efficiency, Drive with Technology, Thrive on Global Vitality”. By actively implementing the all-category layout of “Intelligent IoT Ecosystem”, the Company aims to provide consumers with a more comfortable life experience and strives to become a world-leading smart device enterprise.

Shipment Data for the First Half of 2024 (unaudited)

Unit: Set

Large-sized display – Shipment of TCL TVs

12,515,740

– Proportion of TCL TV of 65 inches and above by shipment

23.6 %

– Proportion of TCL TV of 75 inches and above by shipment

11.8 %

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

Emerging markets includes countries in Asia Pacific, Latin America, the Middle East, Africa.

2

Data source: GfK, Circana, with the statistical period spanning from January to May 2024.

3

Data source: GfK, with the statistical period spanning from January to May 2024.

4

Data Source: Circana, with the statistical period spanning from January to May 2024.

5

Data source: CMM omni-channel sales data, with the statistical period spanning from January to June 2024.

View original content:https://www.prnewswire.com/news-releases/tcl-electronics-01070hk-achieves-13-yoy-growth-in-global-tv-shipment-in-q2-2024-302202191.html

SOURCE TCL Electronics Holdings Limited

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Siemon Announces Optical Patching Solutions for GenAI Networks Using NVIDIA Accelerated Computing

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Siemon announces it is offering its full range of optical patching solutions to work specifically with NVIDIA AI infrastructure for generative AI networks.

WATERTOWN, Conn., Sept. 22, 2024 /PRNewswire-PRWeb/ — The Siemon Company, a global leader in network infrastructure solutions, today announced it is offering its full range of optical patching solutions to work specifically with NVIDIA AI infrastructure for generative AI networks. Large complex GPU clusters can benefit from using structured cabling patch panels versus point-to-point cabling. Siemon acts as a trusted advisor to customers by providing expert advice and best practice recommendations for design & deployment of NVIDIA AI Infrastructure.

“Siemon is very familiar with NVIDIA reference architectures and has worked with many customers to design and deploy NVIDIA clusters… Siemon offers a full range of AI-ready fiber cabling, DAC, and AOC solutions that support 400G, 800G, and 1.6T applications.”

As part of the solution integration, Siemon has joined the NVIDIA Partner Network (NPN) as a Solution Advisor Consultant. NPN Solution Advisor Consultants provide consultation services and expert advice to customers looking to implement NVIDIA-based solutions or technologies. Siemon joins the network to offer its expertise in addressing the unique infrastructure and cabling challenges presented by accelerated computing.

NVIDIA optical reach specifications are calculated assuming two optical patch panels are used in the link and assuming each employ two optical connectors, which makes for a total allowance of four optical connectors in the link. The Siemon optical patching solutions meet NVIDIA requirements and provide customers with flexibility and ease of management.

Media Contact

Brian Baum, Siemon, 1 8609454200, brian_baum@siemon.com

View original content:https://www.prweb.com/releases/siemon-announces-optical-patching-solutions-for-genai-networks-using-nvidia-accelerated-computing-302254640.html

SOURCE Siemon

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AMSimpkins & Associates Awarded Wisconsin Technical Purchasing Consortium Contract RFB 25-002TP – for Identity Verification Solutions

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AMSimpkins & Associates has been awarded the Wisconsin Technical Colleges Purchasing Consortium (WTC-PC) contract for Identity Verification Solutions. This partnership includes providing their advanced S.A.F.E. (Student Application Fraudulent Examination) platform to 16 Wisconsin technical colleges, enhancing security and safeguarding against fraudulent student applications. With a focus on higher education, AMSA aims to support these institutions in maintaining the integrity of their admissions processes and preventing identity fraud. This collaboration underscores AMSA’s commitment to delivering innovative solutions tailored for the education sector.

ATLANTA, Sept. 22, 2024 /PRNewswire-PRWeb/ — AMSimpkins & Associates is proud to announce its selection by the Wisconsin Technical College System Purchasing Consortium (WTC-PC) to provide Identity Verification Solutions through the S.A.F.E. platform. The WTC-PC comprises 16 independent, publicly funded two-year technical colleges across Wisconsin, including Blackhawk Technical College, Chippewa Valley Technical College, Fox Valley Technical College, and Milwaukee Area Technical College, among others.

“We are honored by the Wisconsin Technical College Consortium’s trust in AMSA. This partnership further emphasizes our commitment to providing secure, innovative identity verification solutions that support the needs of educational institutions in protecting their students and operations.”

With a focus on preventing identity fraud, AMSimpkins & Associates’ comprehensive solutions will strengthen the security measures across admissions, enrollment, and financial aid processes, ensuring secure verification and compliance with federal and state regulations. S.A.F.E. will now support Wisconsin’s higher education system, offering its cutting-edge technology to streamline operations and safeguard student data.

“We are honored by the Wisconsin Technical College Consortium’s trust in AMSimpkins & Associates,” said Maurice Simpkins, President and Founder. “This partnership further emphasizes our commitment to providing secure, innovative identity verification solutions that support the needs of educational institutions in protecting their students and operations.”

As part of this agreement, AMSimpkins & Associates will deliver comprehensive services, including system integration, training, and ongoing support to ensure seamless implementation. S.A.F.E.’s capabilities are designed to evolve with growing threats of fraudulent activities, keeping institutions one step ahead in securing student identities.

Institutions in the Wisconsin Technical College System:

Blackhawk Technical CollegeChippewa Valley Technical CollegeFox Valley Technical CollegeGateway Technical CollegeLakeshore Technical CollegeMadison Area Technical CollegeMid-State Technical CollegeMilwaukee Area Technical CollegeMoraine Park Technical CollegeNicolet Area Technical CollegeNorthcentral Technical CollegeNortheast Wisconsin Technical CollegeNorthwood Technical CollegeSouthwest Wisconsin Technical CollegeWaukesha County Technical CollegeWestern Technical College

The S.A.F.E. platform’s advanced identity verification services will play a pivotal role in securing sensitive data and ensuring a safe and fraud-free environment for Wisconsin’s technical colleges and their students.

For more information about AMSimpkins & Associates and the S.A.F.E. platform, please visit amsa-highered.com.

Media Contact

LAQWACIA SIMPKINS, AMSimpkins & Associates, 1 6786824193, LSIMPKINS@AMSA-CONSULTING.COM, amsa-highered.com

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View original content:https://www.prweb.com/releases/amsimpkins–associates-awarded-wisconsin-technical-purchasing-consortium-contract-rfb-25-002tp—for-identity-verification-solutions-302253867.html

SOURCE AMSimpkins & Associates

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Shijingshan: Committed to High-Level Openness

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BEIJING, Sept. 22, 2024 /PRNewswire/ — Following the third plenary session of the 20th Central Committee of the Communist Party of China, China successfully hosted its first national-level international large-scale fair—the China International Fair for Trade in Services (CIFTIS) 2024, which concluded on September 16. The event featured exhibitors from 85 countries and international organizations, participating under their national governments or headquarters, with over 450 Fortune Global 500 companies and industry leaders showcasing their offerings both online and offline.

Adhering to the open, cooperative and mutually beneficial principle, the CIFTIS injects new momentum into global economic development through concrete actions. As one of the “dual venues” for the fair, Shijingshan District hosted a variety of business activities, including exhibitions, negotiations, and conferences. While providing meeting organization services, it showcased the achievements of Shijingshan in fostering openness and development. By leveraging the Fair’s platform, Shijingshan seeks to promote its developmental advantages globally and aims to attract more partners to this welcoming district for mutually beneficial and win-win cooperation.

Presenting Achievements in Open Cooperation and Development in Multiple Dimensions

This CIFTIS’s Shougang Park venue is composed of nine thematic exhibitions, including telecommunications, computer and information services; financial services; culture & tourism services; education services; sports services; supply chain & business services; engineering consulting & construction services; health services; and environmental services. It circles around cultivating new quality productive forces while showcasing the latest achievements, technologies, and applications in the digitalization, intelligentization, and greening of services trade, creating a “debut stage” for global services trade.

Shijingshan leverages its strengths by organizing five thematic exhibitions and four promotional booths on-site. The culture & tourism services exhibition promoted Shijingshan’s rich culture and tourism resources, while also building a support area for paired assistance to highlight its revitalization efforts to a global audience. The financial services exhibition showcased its achievements in economic development across five sectors, that is, sci-tech finance, green finance, inclusive finance, pension finance, and digital finance. The exhibition of telecommunications, computer and information services highlighted the growth of Shijingshan’s the artificial intelligence large model industry cluster and key humanoid robot enterprises. In addition, the primary and secondary school science education experimental zone invited participation from six national-level science education centers, including Shijingshan District, to display their accomplishments. Four schools, including the Beijing National Day School Shijingshan, showcased their scientific research and learning outcomes through visual presentations and videos, while also engaging visitors in interactive science experiments.

The AIES Beijing Open is made up of four competition areas, virtual cycling, virtual rowing, virtual dance, and virtual table tennis. The event welcomed international competitors, domestic professional athletes, high-level amateurs, and university students, while showing the achievements of the “digital + sports” industry. Besides, four promotional booths focused on taxation, justice, investment, and commerce showcases Shijingshan’s tax and judicial policies, offering one-stop policy guidance for participating businesses and visitors. These booths also clarified investment promotion policies, creating a unique event that integrates commerce, tourism, culture, and sports.

Working Together for Global Open Cooperation and Development

The Open Cooperation Forum 2024 was held on the afternoon of September 13. Experts, scholars, government representatives, and business leaders from both domestic and international backgrounds gathered at the Shougang Park to engage in in-depth discussions on promoting high-level open cooperation and supporting regional economic development. Shijingshan District is committed to taking industrial transformation as the strategic foundation for its initiatives, establishing several distinctive industrial parks, including the Intelligent Technology Park, Industrial Internet Park, Virtual Reality Park, Science Fiction Industry Cluster, and Artificial Intelligence Large Model Cluster. What’s more, the district is focusing on new opportunities in future information, future health, future manufacturing, and future space, continually enhancing its innovation capacity, development vitality, economic strength, and overall competitiveness.

It is dedicated to expanding openness as a key driver for integrating into the capital’s new development pattern. The district capitalizes on a range of policy opportunities, including the construction of Beijing’s two zones, effectively leveraging the role of expanding services and deepening economic reforms. It continues to optimize the business environment, actively participates in organizing the CIFTIS, and develops high-standard international cooperation zones to provide a broad platform and efficient services for enterprises to settle and cluster. Shijingshan aims to implement high-level openness to promote high-quality development, enhance mechanisms for foreign openness, innovate and elevate services trade, and align with international economic and trade standards, creating a premier business environment characterized by marketization, rule of law, and internationalization.

Three parallel forums took place during this CIFTIS. With the theme of “Leveraging Overseas Strength for Development • Pursuing Broad Horizons Through Innovation”, the Dream Incubator of Overseas Chinese Beijing Forum set up ten sub-venues abroad, aiming to enhance the involvement of overseas Chinese’s capital and expertise in Beijing’s high-quality development. The Artificial General Intelligence Computility Forum focused on “Releasing New Quality Productive Forces with Unbounded Intelligence and Computational Foundations”, where industry experts and scholars explored new possibilities in artificial general intelligence computility. The Digital Energy Development Forum 2024, themed as “Energizing the Future with Digital Innovation”, showcased a range of quality development achievements and finalized partnerships for several high-quality projects, uniting all parties to advance digital innovation and development.

The rich array of side events is one of the highlights of this CIFTIS. The International Open Cooperation Promotion Conference circled around developing the international open cooperation zone, drawing representatives from international organizations, leading global companies, and prospective businesses seeking to establish a presence in these areas. It centered on the advantages of Shijingshan’s key industries to attract target enterprises. Furthermore, the Roundtable Discussion of Foreign-Funded Enterprises engaged representatives from international organizations, business associations, and foreign-funded companies from countries like Malaysia, Singapore, and France to explore collaboration in aligning with high-standard international economic and trade rules, as well as market access in the service sector, sharing the successes of modernization with Chinese characteristics.

To enhance the consumer experience for attendees of the CIFTIS, Shijingshan has expanded its comprehensive service offerings in areas such as food, accommodation, transportation, tourism, entertainment and shopping. The Second “Here I Am for CIFTIS” Shijingshan Culture and Tourism Carnival has been significantly upgraded, evidenced by the “Divine Beasts Ascend to Immortal Mountain”: Enchanting Night Tour in Shijing Mountain. The “Surprises Await in Shijingshan. Hey There, CIFTIS!” promotional event was held during the 14th Shijingshan Consumption Festival. This included online surprise announcements and a consumption map showcasing quality shopping venues. Special surprise floats were on display, with oversized themed shopping bags distributed. Shopping centers like Joy City, Xirondo Plaza, Modern Plaza, and Chang’an Mills in Shijingshan also launched supporting promotional activities. Business tours in Shijingshan offered three dedicated routes, inviting exhibitors from digital technology, finance and insurance, culture and tourism, and sports related industries to explore relevant industrial parks and attractions for in-depth exchanges.

The China International Fair for Trade in Services 2024 has successfully concluded. Utilizing this platform, Shijingshan has once again showed its high-quality development achievements and favorable business environment to a global audience. We look forward to collaborating with more partners in an open and inclusive manner to create a win-win future.

View original content:https://www.prnewswire.com/news-releases/shijingshan-committed-to-high-level-openness-302254872.html

SOURCE Open Cooperation Forum

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