TCL ELECTRONICS (01070) surged nearly 5% in late trading. As of press time, the stock rose 4.23% to HK$10.11, with trading volume reaching HK$203 million.

On the news front, TCL ELECTRONICS recently announced its interim results. First-half revenue reached HK$54.777 billion, up 20.4% year-on-year; net profit attributable to shareholders was HK$1.09 billion, up 67.8% year-on-year; adjusted net profit attributable to shareholders was HK$1.06 billion, up 62.0% year-on-year.

CICC noted that the company's performance was slightly above expectations, mainly due to continuous high growth in revenue scale and profits from innovative businesses (especially the solar panel sector), which exceeded expectations.

HTSC issued a research report stating that the company's adjusted net profit performance in the first half approached the upper limit of its earnings guidance. Benefiting from demand growth driven by trade-in policies, the company leveraged its vertical integration advantages in display panels and finished products within the group, significantly enhancing cost control and product competitiveness. Combined with years of channel cultivation and brand building in core markets such as North America and Europe, the company's market share in mid-to-high-end televisions has steadily increased, with trends of unit price improvement and profitability enhancement continuing.

Additionally, the company is actively advancing smart technology and AI applications, having already deployed in frontier products such as AI TVs and smart glasses. A new product cycle may open up growth opportunities, supporting the company's long-term value enhancement.