TCL Corporation provided earnings guidance for the first half of 2013. For the period, the company expects net profit to surge between 112% and 133% year on year in the first half of this year. Net profit in the period was estimated at RMB 600 million to RMB 660 million.

The company attributed the strong profit growth to a significant increase in the earnings of China Star Optoelectronics Technology Co, which is 85% owned by the company. In the first half, the company saw a 20.70% increase in the sales volume of LCT television sets, a 27.28% increase in air conditioners, a 22.94% increase in refrigerators and a 29.06% increase in washing machines.