Domestic color TV companies are accelerating diversification. Recently, Shenkang's subsidiary acquired the entire share capital of Xinfei Home Appliances Co., Ltd. for a total price of 455 million yuan. Xinfei Electric's full range of brands. Yesterday, Guangzhou Daily's full-media reporter was informed that another domestic color TV Enterprise Skyworth Group is accelerating its entry into the kitchen appliance industry. Competition in the color TV industry is intensifying, and the entire industry is operating at low profits. Color TV companies are accelerating their efforts to break through.
Skyworth enters the kitchen industry
Guangzhou Daily's all-media reporter learned from relevant people yesterday that Skyworth Group is accelerating its entry into the kitchen appliance industry. The rapid growth of the kitchen appliance industry in recent years is the main factor for Skyworth Group to enter the industry. Skyworth Digital recently released its first half of 2018 results. The company expects the net profit attributable to shareholders of listed companies from January to June 2018 to be 145 million yuan to 175 million yuan, a year-on-year change of 166.52% to 221.66%. Skyworth Digital, which is listed in Hong Kong, China, increased its performance in 2017/2018. The company's turnover was 46.26 billion Hong Kong dollars, an increase of 8% year-on-year, and a profit of 588 million Hong Kong dollars. Among them, white goods products achieved a total revenue of 2.268 billion yuan, an increase of 27.41%.
On June 29 this year, Konka Group won a 100% stake in Henan Xinfei Electric Appliance Co., Ltd., Henan Xinfei Refrigeration Appliance Co., Ltd. and Henan Xinfei Household Appliances Co., Ltd. (hereinafter referred to as Xinfei Company) for RMB 455 million. Brand, patent and related fixed assets. Zhou Bin, president of Konka Group, said that participating in the reorganization of Xinfei is not only an opportunity for the development of Konka White Power, but also rapidly expanding the industrial scale of Konka in the field of white electricity and realizing 'Kangjia+New in the brand. Fly 'double brand synergy pattern, bigger and stronger its white electricity business, improve profitability.
In the face of fiercely competitive markets, diversification has become the main path for the transformation of major color TV companies.