In addition, Konka announcement said the company intends to invest 120 million yuan to set up a joint venture project company, which accounted for 20% of the company shares, the development of Yibin Sanjiangkou project, the company intends to gradually industrial layout in Yibin City, is expected to produce better investment returns.
According to Securities Times reported on November 17, the reporter learned from Konka, Konka Group Chairman Liu Fengxi said Konka in the future is no longer just a color TV business company, will speed up the diversification of expansion, the transformation of investment holding group. Hope to expand new product lines, whether through mergers and acquisitions, or independent research and development, or configure the incubator; the second is to achieve expansion through investment and mergers and acquisitions, Konka will use the platform of listed companies to achieve industrial expansion; Third, hope that through direct investment, formation Network ecosystem, Konka will choose some IOT companies for direct investment, you can also participate in shares can also be controlled.
According to the company's financial report disclosed this year, Konka realized revenue growth of 32.49% YoY and net profit 140.53% YoY in the first half of 2017, revenue of RMB20.164bn in the first three quarters, net profit attributable to shareholders of the Company of RMB129mn, Up 37.94% and 390.65% respectively over the same period of previous year.