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Skyworth Group results up 33.2% year-on-year

Skyworth Group's revenue in the first three quarters was RMB 35.891 billion, a year-on-year increase of 33.2%


On October 26, Skyworth Group(00751.HK) released an unaudited performance report for the nine months ended September 30, 2021. During the reporting period, Skyworth Group recorded a turnover of RMB 35.891 billion, a year-on-year increase of 33.2%; a gross profit of RMB 5.838 billion and a gross profit margin of 16.3%; the profit for the period and the company’s equity holders’ share of the profit for the period Profits were RMB 999 million and RMB 763 million  respectively, and bank balances and cash were RMB 9.056 billion.

 

For the nine months ended September 30, 2021, Skyworth Group’s turnover in the Chinese mainland market was RMB 23.310 billion, an increase of RMB 6.732 billion from RMB 16.578 billion in the same period last year, with a growth rate of 40.6%. The revenue contribution was 64.9%. The turnover from overseas markets was 12.581 billion yuan, an increase of 2.205 billion yuan from 10.376 billion yuan in the same period last year, a growth rate of 21.3%, and revenue contribution was 35.1%.

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Shenzhen Skyworth PV Technology Co., Ltd. had recorded revenue of USD. 342.19 million till 30th, September 2021 which increase of USD. 340.94 million at increase rate 27,275.0% from revenue of USD. 1.25 million in the same period last year.


In 2021, the Board of Directors of Skyworth Group has designated it as the "Year of Efficiency Improvement", calling on all industrial companies to strive to grasp the changes in the market, focus on executing various key tasks such as innovation, reform, investment and development, and precisely implement the Group's development policies and broad guidelines to accelerate the promotion of manufacturing to modern services, hardware to software, and end products to intelligent systems, showcasing Skyworth Group's brand strength in diverse scenarios and creating greater value.


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