--- title: "[Daily Announcement] TCL Electronics (1070) expects adjusted net profit to increase by up to 1.5 times in the first quarter, while China Tower (788) expects a year-on-year revenue increase of 1.5% in the first quarter" type: "News" locale: "en" url: "https://longbridge.com/en/news/283285092.md" description: "TCL Electronics expects its adjusted net profit for the first quarter of 2023 to grow by up to 1.5 times, with revenue reaching a maximum of 30.4 billion yuan. Two new stocks, Xizhi Technology and Maiwei Biotechnology, began their subscription today, with entry fees of 2,775.71 yuan and 6,203.95 yuan respectively, and the subscription deadline is April 23. China Tower's revenue in the first quarter increased by 1.5% year-on-year, with good performance in its smart connection and energy businesses. Yidu Technology expects to turn a profit for the full year, with net profit reaching up to 56 million yuan" datetime: "2026-04-20T02:47:18.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283285092.md) - [en](https://longbridge.com/en/news/283285092.md) - [zh-HK](https://longbridge.com/zh-HK/news/283285092.md) --- # [Daily Announcement] TCL Electronics (1070) expects adjusted net profit to increase by up to 1.5 times in the first quarter, while China Tower (788) expects a year-on-year revenue increase of 1.5% in the first quarter ## Two new stocks start subscription today, with entry fees ranging from HKD 2,775 to HKD 6,203 Xizhi Technology (1879.HK) has a board lot of 15 shares, with an offering price ranging from HKD 166.6 to HKD 183.2, resulting in a board lot entry fee of HKD 2,775.71. Maiwei Biotechnology (2493.HK) has a board lot of 200 shares, with an offering price ranging from HKD 27.64 to HKD 30.71, resulting in a board lot entry fee of HKD 6,203.95. The subscription for the above new stocks will close on April 23, and they are expected to be listed on the 28th. ## TCL Electronics expects adjusted net profit to increase by up to 1.5 times in the first quarter, benefiting from globalization and mid-to-high-end strategies TCL Electronics (1070.HK) anticipates that its adjusted net profit for the first quarter of this year will reach up to HKD 400 million, representing a year-on-year increase of up to 1.5 times. During this period, revenue is expected to reach up to HKD 30.4 billion, with a growth of up to 20%. This is mainly due to the group's continuous promotion of its "globalization" and "mid-to-high-end" strategies, driving quality growth in its main business, as well as a lower base from the same period last year. The group expects its business to continue to maintain steady development throughout the year. ## Yidu Technology issues profit alert, expects to turn a profit of up to RMB 56 million for the full year Yidu Technology (2158.HK) has issued a profit alert, expecting to turn a profit for the year ending March 31, with a net profit of up to RMB 56 million. This is mainly due to the continuous upgrading of products with integrated AI capabilities, leading to a significant increase in new orders for its core business, as well as an improvement in gross profit margins. The group reported a loss of over RMB 117 million in the previous financial year. ## China Tower's first-quarter revenue increased by 1.5% year-on-year, with strong performance in smart connection and energy businesses China Tower (0788.HK) announced that in the first quarter of 2026, the company's operating revenue was RMB 25.146 billion, an increase of 1.5% year-on-year; of which, revenue from operator business was RMB 21.089 billion, a decrease of 0.6% year-on-year; revenue from smart connection business was RMB 2.643 billion, an increase of 14.3% year-on-year; and revenue from energy business was RMB 1.307 billion, an increase of 14.1% year-on-year. In the first quarter of 2026, the company continued to focus on high-quality development, adhering to the theme of promoting stability through progress and improving quality and efficiency. The development of various businesses met expectations, and overall performance showed steady growth. As of March 31, 2026, the number of tower sites reached 2.16 million, with the number of tower tenants reaching 3.872 million, a net increase of 16,000 compared to the end of last year. The average number of tenants per tower site was 1.79 ### Related Stocks - [01070.HK](https://longbridge.com/en/quote/01070.HK.md) - [00788.HK](https://longbridge.com/en/quote/00788.HK.md) - [02158.HK](https://longbridge.com/en/quote/02158.HK.md) ## Related News & Research - [TCL CSOT Highlights APEX-Powered Display Innovations for Next-Gen Applications at SID Display Week 2026](https://longbridge.com/en/news/285408886.md) - [Citic Securities Reaffirms Their Buy Rating on TCL Electronics Holdings (TCLHF)](https://longbridge.com/en/news/283607870.md) - [How eSource adoption is saving time and costs in clinical research](https://longbridge.com/en/news/284746735.md) - [PuraPharm moves to modernise Articles of Association with electronic meeting and voting powers](https://longbridge.com/en/news/284790659.md) - [Mound Cotton Selects DISCO as Ediscovery Provider of Choice | LAW Stock News](https://longbridge.com/en/news/284798910.md)