TCL ELECTRONICS (01070.HK) experienced a significant surge of 5.05% during late trading on Tuesday, as investors responded positively to the company's impressive first-half results and strategic developments in smart technology. The stock's robust performance comes on the heels of the company's recently announced interim financial report, which showcased substantial growth across key metrics.

According to the interim results, TCL ELECTRONICS reported a 20.4% year-on-year increase in revenue, reaching HK$54.777 billion for the first half of the year. More impressively, the net profit attributable to shareholders soared by 67.8% to HK$1.09 billion, while the adjusted net profit saw a 62.0% jump to HK$1.06 billion. CICC analysts noted that the company's performance slightly exceeded expectations, primarily due to the continuous high growth in revenue and profits from innovative businesses, with the solar panel sector standing out in particular.

The stock's upward movement was further bolstered by positive analyst reports. HTSC highlighted TCL ELECTRONICS' strong market position, citing benefits from trade-in policy-driven demand growth and the company's vertical integration advantages. The firm's increasing market share in mid-to-high-end televisions in core markets like North America and Europe was also emphasized. Moreover, TCL ELECTRONICS' active pursuit of smart technology and AI applications, including developments in AI TVs and smart glasses, has positioned the company for potential long-term value enhancement, opening up new growth opportunities in the evolving tech landscape.