TCL 2015 revenue growth slumps

Home appliances, electronics firm also sees 1b yuan shaved off profits as demand falls at home and abroad

Home appliances and consumer electronics maker TCL Corporation reported year-on-year growth of 3.51 percent in revenue last year, much smaller than its target growth of 18 percent,amid growth pressure on both the country's foreign trade and domestic demand.

TCL earned 104.6 billion yuan ($16 billion) in revenue in 2015, according to the annual financial report released in Shenzhen on Tuesday, a sharp slowdown in growth compared with that of 18.41 percent in 2014.