Chinese consumer electronics giant TCL Technology Group Corp reported its operating income stood at 84.52 billion yuan ($12.2 billion) in the first half of 2022, an increase of 13.6 percent year-on-year.

Zhonghuan Semiconductor, a subsidiary of TCL that focuses on semiconductors and new energy, recorded 31.7 billion yuan in operating income in the first six months, up 79.7 percent on a yearly basis, while its net profit rose 68.4 percent year-on-year to 3.2 billion yuan.

TCL China Star Optoelectronics Technology Co Ltd, the panel production subsidiary of TCL Technology, achieved sales area of 22.5 million square meters with a year-on-year increase of 26.4 percent in the January-June period. The operating income of semiconductor display business reached 37.3 billion yuan, down 8.81 percent year-on-year.

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