Jul. 20, 2012 (China Knowledge) - Hisense Electric Co Ltd<600060>, a Chinese household electrical appliances producer, announced yesterday that its net profit attributable to shareholders increased 11.03% YoY to RMB 575 million in the first half of this year.

Basic earnings per share for the six-month period were RMB 0.66, 10.7% more than it realized in the same period of last year.

From Jan to Jun 2012, the household electrical appliances producer saw its operation revenue grow 2.72% YoY to RMB 10.07 billion, of which RMB 9.04 billion was contributed by its television business, up 0.17% from a year earlier.

According to a statistic released by China Market Monitor Co Ltd, Hisense Electric had a14.47% share in the TV market in mainland China in the first five months. The share of LCD TVs, LED TVs, 3D TVs and smart TVs reached 15.49%, 16.61%, 17.94% and 16.51%, respectively.