Chinese consumer electronics giant TCL Technology Group Corp reported operating profit of 84.52 billion yuan ($12.2 billion) in the first half of 2022, up 13.6% year-on-year.

Zhonghuan Semiconductor, a subsidiary of TCL, which focuses on semiconductors and new energy, recorded an operating profit of 31.7 billion yuan in the first half, an increase of 79.7% on a year-on-year basis, and a year-on-year increase of 68.4% in net profit. 3.2%. billion yuan.

TCL Technology’s panel production subsidiary, TCL China Star Optoelectronics Technology Co Ltd, achieved a sales area of ​​22.5 million square meters from January to June, up 26.4% year-on-year. The operating profit of the semiconductor display business reached 37.3 billion yuan, down 8.81% year-on-year.

The company said it will continue to focus on semiconductor displays, semiconductor solar cells and semiconductor materials, and increase investment in technological innovations such as organic light emitting diodes, quantum dot light emitting diodes and micro light emitting diodes.