Skyworth Digital released its performance report for the 2017/18 financial year, showing a V-shaped bottom rebound

On the evening of June 12, Skyworth Digital Holdings Co., Ltd. (hereinafter referred to as 'Skyworth', and its subsidiaries collectively referred to as 'Group') (HKSE Stock Code: 00751) was announced in Hong Kong as of March 31, 2018 12-month results. During the reporting period, the Group’s turnover was HK$46.26 billion, an increase of 8% year-on-year, and the overall gross profit rate was 16.7%. Under the predicament of a loss of HK$189 million in the first half of the year, the adversity broke through, and the final 2017/18 fiscal year was recorded. The profit for the year was HK$588 million. The dividend was 50.9%.

Second-quarter performance V bottom rebound

Mr. Liu Zhizhi, Chief Executive Officer of Skyworth Group stated that in the 2017/18 financial year, the Group’s performance showed a V-shaped bottoming-out rebound. The overall sales of Skyworth has already gone from the trough in the first half of 2017/18 financial year. Currently, it enters the V-word. During the reporting period, the high-end products of 'SKYWORTH' are continuously iteratively updated. The current market share and market coverage have further improved. It is even more noteworthy that Skyworth continues to focus on the layout of smart home appliances. Development, sales volume and turnover have achieved steady growth.

At present, Skyworth’s cash flow, asset-liability ratio and other indicators perform well. Skyworth’s cash flow is strong. In March 2017, Skyworth’s cash and bank deposits amounted to HK$4.336 billion. By March 2018, this figure has increased to HK$9,095 million, a year-on-year increase of 109.8%, showing a strong ability to withdraw funds and pressure.

In contrast, Skyworth's inventory declined further and the total inventory gradually decreased from HK$6.77 billion in September 2017 to HK$6.486 billion in March 2018, while the finished product was almost flat, from 3.989 billion in September 2017. The Hong Kong dollar, to HK$3.927 billion by 2018, shows Skyworth's stocking is still sufficient.

Against the backdrop of further decline in inventories and further growth in cash and bank deposits, Skyworth’s bills receivable increased from HK$4,094 million in September 2017 to HK$6,177 million in March 2018. This fully demonstrates that Skyworth's business is experiencing a downturn. After that, it is bottoming out.

Inclusion of MSCI in international capital market recognition

Earlier this month, the China Index in the MSCI Global Standard Index of Hong Kong stocks added 302 shares. At present, Skyworth Digital (00751.HK) is included in the MSCI China Index. It is reported that Skyworth Digital was included in the MSCI China Index, which superimposed performance V-shape. The bottom of the rebound, the stock price first touched the bottom and rebounded. At the end of November 2017, Skyworth Digital reported a rapid decline after the poor performance of the 2017/18 financial year. In December 2017, it reached a low of 2.95 in more than three years. Hong Kong dollar. Earlier this year, Skyworth Digital went all the way up and hit a high of HK$4.44. The current share price was around HK$3.83. It has been flat for six months and has risen nearly 30% from the lowest point of the stock price last year.

Color TV service to high-end smart TV

In the Chinese market, Skyworth color TV products continued to upgrade to high-end, and constantly promoted new star products to combat the pressure of gross margins. The data shows that in 2017/18 fiscal year, smart TV 4K products had 68% TV sales in the Chinese market from the previous fiscal year. It rose to 75% of the current fiscal year. Currently, the gross profit rate of 4K smart TV reaches 25.4%, which is 14.1 percentage points higher than that of non-4K smart TVs (11.3% of gross profit margin).

4K OLED organic TV is the latest promotion product of Skyworth. With excellent vision and keen market forecasting power, Skyworth is the earliest and most active pioneer in the layout of OLED TVs. As early as 2008, Skyworth began to layout OLED TV industry. After OLED TVs, Skyworth continued its initial education in the OLED TV market and actively promoted the iteration of technologies and processes. In November 2016, BOE joined hands with BOE to release China's first self-developed OLED TV, breaking the dependence of OLED panels on Korean suppliers; 2017 At the beginning of the year, Skyworth first reduced the price of 55-inch OLED TVs to 10,000 yuan, igniting the enthusiasm of the popular market; at the beginning of 2018, Skyworth took Crystal Sound OLED TVs, Wallpaper Wallpaper-type OLED TVs, a variety of the latest OLED TV decentralized OLED TV debut CES; this year's Skyworth W8 series of new products with outstanding display effect, outstanding process color value, folded split design and intelligent AI system has won widespread recognition in the market.

At present, OLED TVs account for only about 1% of global TV sales. The buying group is mainly for high-income consumer groups, and Skyworth has occupied half of China's OLED TV market. When we checked the annual report of Ovid Cloud Network, we found that in 2017, the annual report In the sales monitoring data, Skyworth OLED TV sales accounted for 46.0% of the total sales of OLEDs in the Chinese market, ranking first among all brands, far exceeding the second-ranked LG and third-ranked Sony. Currently searching in Chinese. The two keywords in the engine Skyworth and OLED TV are almost full screen.

Looking into the future, Skyworth will be better tomorrow. Skyworth smart TV users are showing a sustained growth trend. The turnover increased from HK$50 million in 2015/16 fiscal year to HK$166 million in 2016/17 fiscal year. The 2017/18 financial year 3.42 billion Hong Kong dollars, 2018/19 annual target is expected to reach 500 million Hong Kong dollar turnover.

Skyworth's smart TV users in China have newly added 8 million to 10 million home terminals each year. As of May 2018, Skyworth Smart TV's average monthly active users reached 16.6 million, with a conversion rate of 56%; Smart TV launched user penetration The rate is greater than 90%.

Pre-lay chips to occupy artificial intelligence outlet

With the arrival of the era of intelligent life, artificial intelligence has become an outlet. Skyworth took the lead in releasing the self-developed AI chip, the Hummingbird AI chip, and released a series of high-end TVs such as Q5A and Q6A equipped with this chip. Strongly enters the AI ​​TV market. It is understood that Skyworth's AI chips have a neural network engine that can count up to 100 billion operations per second, and can conduct independent deep learning based on a huge database, which can bring extraordinary AI TVs to its Intelligent personality features.

Compared to traditional TVs, the Skyworth Q5A and Q6A TVs with AI chips have multiple advantages. In terms of picture quality, the AI ​​chip can optimize the static resolution, color, contrast, dynamic resolution, HDR and other factors of the image signal one by one. , Accurately enhance the image quality, make TV picture quality more realistic and true, as if on the ground; In terms of intelligence, Skyworth Q5A, Q6A TV also introduced Baidu artificial intelligence system in addition to Hummingbird AI chip. Hierarchical search, smart advice, step-by-step screening, free dialogue and other high-end voice interactions, giving the user a smooth and intelligent operation experience.

At present, Skyworth is actively promoting the domestic substitution of chips and laying out the chip industry. In April 2018, the Skyworth Digital (000810.SZ) subsidiary of Skyworth Digital Co., Ltd. stated that it cooperated with world-class chip design and innovation company, Ali Corporation. Joint investment in the establishment of a joint venture company for the semiconductor chip business. This investment has completed the industrial and commercial registration.

Sales of digital set-top boxes and LCD modules sales revenue doubled

Digital set-top box and LCD module business both at home and abroad went hand in hand, both achieving sales and revenue growth. During the reporting period, the revenue of digital set-top box and LCD module business in the Chinese mainland market increased by 35.2% from the same period of last year to HK$5.557 billion. The turnover in overseas markets was HK$2.737 billion, a year-on-year increase of more than 10%.

The main business of Skyworth Digital (000810.SZ), a group company, is R&D, manufacturing, sales, operation and service of digital TV intelligent terminals and software systems and platforms. It is mainly for operators (domestic radio and television, domestic three major communications, global overseas etc. ) As well as domestic B2C and overseas B2B2C retail markets; at the same time, Skyworth Digital has fully entered the smart access network terminal and home interconnection, Internet of Things terminal products. In addition, Skyworth Digital has a more complete product, system, platform series in the digital intelligent terminal. It also implemented operations and services. Skyworth Digital has been deeply cultivating the broadcasting and TV industry for 20 years, ranking first in domestic radio and television operators' market share for 10 consecutive years; benefiting from the rapid expansion of the domestic telecommunications operator market, Skyworth Digital has become a domestic telecommunications operator's fixed network industry intelligence. The first supplier of terminals, market share and market coverage have further improved; while in overseas markets, the sales of set-top boxes of the Group still maintain a leading position.

Intelligent, refined, internationalization steadily forward

Currently, under the leadership of the new leadership headed by Chairman Lai Weide and President Liu Lianzhi, the Group is closely related to the goals of transformation and upgrading, advancing the construction of two intelligent bases in the Pearl River Delta and Yangtze River Delta, and fully implementing intelligence, refinement and international Strategy, promote the four major business segments of multimedia, smart appliances, intelligent system technology and modern service industry. In the future, the Group will actively embrace the opportunities of industrial upgrading and consumption upgrade, actively promote the Internet, Internet of things, cloud computing, big data, The application of new technologies such as AI and 5G will focus on the construction of the smart home appliance industry ecosystem and open up key upstream and downstream businesses. In 2018, the Group will focus on innovation, promote green manufacturing, and promote the deepening of the overall industry and product mix. This will bring new growth momentum to the home appliance market and accelerate Skyworth as a global leader in smart home appliances and information technology.

YORK New Media Coolest Technology News

Scan code win award