Changes in Hong Kong stocks | TCL Electronics (01070) rose more than 4%, net profit to mother in the first half of the year increased 40% year-on-year, indicating high-quality business growth

The Zhitong Finance App learned that TCL Electronics (01070) rose more than 4%. As of press release, it had risen 4.12% to HK$17.44, with a turnover of HK$156 million.

According to news, in the first half of this year, TCL Electronics achieved revenue of HK$63.763 billion, up 16.4% year on year; net profit to mother was HK$1,529 billion, up 40.2% year on year. Looking at specific business, the first half of the year showed that overall business revenue increased 24.7% year on year to HK$41,682 billion; Internet business revenue was HK$1,693 billion, up 16.1% year on year, and gross margin increased to 61.1% year on year; among them, international internet revenue increased 74.6% year on year, accounting for more than 50% of revenue.

Lyon believes that due to the increase in the share of mini-LED products and the stronger performance of high-end products, its large-size display business grew by 12.5% and 29.6% in China and overseas, respectively. Sony's high-end products and TCL's strong distribution network will support further high-end development and faster overseas growth.