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, and the new series of brands of Xinfei Electric. Recently, the Guangzhou Daily Daily Media reporter learned 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 sources 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 (000810) recently released in 2018. The semi-annual performance forecast, the company expects net profit attributable to shareholders of listed companies from January to June 2018 to 175 million yuan to 175 million yuan, a year-on-year change of 166.52% to 221.66%. Skyworth Digital (00751.HK) listed in Hong Kong, China in 2017 In the fiscal year 2016, the company's turnover increased significantly. The company's turnover was HK$46.26 billion, 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, a year-on-year 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.