HK Stock Market Move | TCL ELECTRONICS (01070) has risen more than 4% again, with a 40% year-on-year increase in net profit attributable to shareholders in the first half of the year, demonstrating high-quality growth in its display business.

TCL ELECTRONICS (01070) rose more than 4% again, trading up 4.12% at HKD 17.44, with a transaction volume of HKD 156 million. In terms of news, in the first half of this year, TCL ELECTRONICS achieved a revenue of HKD 63.763 billion, a year-on-year increase of 16.4%; the net profit attributable to shareholders was HKD 1.529 billion, a year-on-year increase of 40.2%. In terms of specific business segments, the overall revenue of its display business grew by 24.7% year-on-year to HKD 41.682 billion; revenue from its internet business was HKD 1.693 billion, a year-on-year increase of 16.1%, with the gross profit margin rising to 61.1%. Among these, international internet revenue increased by 74.6% year-on-year, accounting for over 50% of total revenue. Citi believes that benefiting from the increased proportion of mini-LED products and stronger performance of high-end products, its large-size display business grew by 12.5% domestically and 29.6% overseas. Sony's high-end products and TCL's strong distribution network will support further premiumization and faster growth abroad.