HONG KONG ECONOMY TIMES NEWS SERVICE, October 20 — TCL Electronics (01070) is up 4%, trading at HK$16.93, with approximately 1.49 million shares traded, involving HK$251.4 million, reaching a high of HK$17.15 and a low of HK$16.21.
The company forecasts revenue for the first three quarters of this year to range between approximately HK$91 billion and HK$97.7 billion, representing a year-on-year increase of about 10% to 18%; adjusted net profit is expected to reach between approximately HK$2.11 billion and HK$2.25 billion, an increase of about 45% to 55% compared to the same period last year.
TCL Electronics explained that the significant growth in adjusted net profit is primarily driven by its dual strategy of 'globalization' and 'mid-to-high-end positioning.' During the period, the group continuously strengthened product competitiveness, expanded global market coverage, and steadily improved operational quality, driving continuous improvement in profitability. Specifically, the TV business further optimized its product mix and consolidated its global leading position; the internet business achieved simultaneous growth in revenue scale and profit quality; and innovative businesses also maintained steady growth in scale.
Currently, the Hang Seng Index stands at 23,947, down 239 points or 1%, with turnover of nearly HK$21.5 billion on the main board. The Hang Seng China Enterprises Index is at 8,068, down 59 points or 0.7%. The Hang Seng Tech Index is at 4,040, down 68 points or 1.7%. (vs)
The company forecasts revenue for the first three quarters of this year to range between approximately HK$91 billion and HK$97.7 billion, representing a year-on-year increase of about 10% to 18%; adjusted net profit is expected to reach between approximately HK$2.11 billion and HK$2.25 billion, an increase of about 45% to 55% compared to the same period last year.
TCL Electronics explained that the significant growth in adjusted net profit is primarily driven by its dual strategy of 'globalization' and 'mid-to-high-end positioning.' During the period, the group continuously strengthened product competitiveness, expanded global market coverage, and steadily improved operational quality, driving continuous improvement in profitability. Specifically, the TV business further optimized its product mix and consolidated its global leading position; the internet business achieved simultaneous growth in revenue scale and profit quality; and innovative businesses also maintained steady growth in scale.
Currently, the Hang Seng Index stands at 23,947, down 239 points or 1%, with turnover of nearly HK$21.5 billion on the main board. The Hang Seng China Enterprises Index is at 8,068, down 59 points or 0.7%. The Hang Seng Tech Index is at 4,040, down 68 points or 1.7%. (vs)
