The Zhitong Finance App learned that TCL Electronics (01070) rose by more than 16%. As of press release, it had risen 14.49% to HK$3.24, with a turnover of HK$347.924 million.
According to the news, TCL Electronics recently released its 2023 annual results. Financial reports show that the company achieved annual revenue of HK$78.99 billion, up 10.7% year on year; overall gross profit increased by 12.5% year on year to HK$14.76 billion, overall gross margin increased 0.3 percentage points year on year to 18.7% year on year, net profit to mother reached 740 million HK$, up 66.4% year on year, and adjusted net profit of HK$80 million, up 14.0% year on year.
In terms of business, in 2023, all business segments of TCL Electronics achieved overall growth. Among them, the company's smart screen business revenue reached HK$48.63 billion, up 7.6% year on year; overall revenue from the Internet business reached HK$2.76 billion, up 20.2% year on year, and gross margin increased 4.6 percentage points to 55.1% year on year; revenue from innovation business increased 78.5% year on year to HK$18.64 billion, of which PV business revenue increased sharply by 1820.3% year on year to HK$6.30 billion, and achieved profit.