Skyworth Group Limited · HKEX:751
Skyworth — FY2025 Earnings Presentation
29 slides from Skyworth's earnings presentation, Mar 27, 2026
Slide 1: 2025 Annual Results
創維集團有限公司 SKYWORTH GROUP LIMITED Stock Code: 00751.HK 2025 Annual Results 27 March 2026
Slide 2: Forward Looking Statement
Forward Looking Statement This presentation and subsequent discussion may contain certain forward- looking statements with respect to the financial condition, results of operations and businesses of SKYWORTH GROUP LIMITED (“Skyworth” or the “Group”). These forward-looking statements represent Skywor
Slide 3: Four Key Business Sectors
Four Key Business Sectors Smart Household Smart Systems Appliances Business Technology Business • Smart TV • Smart set-top boxes and solutions • Smart white appliances • Broadband network communication • Other smart appliances connection equipment • Internet connection services of • XR/AI glasses Co
Slide 4: FY2025 Results Highlights
FY2025 Results Highlights RMB RMB RMB R&D centres 70.32 bil 837 mil 9.01 bil 15 Intelligent manufacturing bases Revenue Profit for the year Gross profit +8.2% -27.8% +2.3% 27 Accumulated patents >15,000 RMB RMB Business distribution 23.06 bil 12.27 bil >120 countries & regions Service outlets Net as
Slide 5: 2025 Annual Results
01 The Choice of 400 Million Families 2025 ANNUAL RESULTS 數據來源 Source: 創維集團2016-2024年主要家電產品銷售數量 Sales volume of Skyworth Group’s major home appliances from 2016 to 2024
Slide 6: Overall Results
Overall Results (RMB million) FY2025 FY2024 Change FY2023 Revenue 70,324 65,013 8.2% 69,031 Gross profit 9,013 8,808 2.3% 9,402* Gross profit margin 12.8% 13.5% (0.7 pp) 13.6%* Operating profit (EBIT) 1,828 2,218 (17.6%) 2,845 Operating profit margin 2.6% 3.4% (0.8 pp) 4.1% Profit for the year 837 1
Slide 7: Revenue by Major Business Segment
Revenue by Major Business Segment Revenue (Post-Tax) FY2025 Revenue Breakdown (RMB million) 80,000 +8.2% 70,324 Smart Household Smart Systems 65,013 2,604 Appliances Business Technology Business 60,000 2,841 12.1% 23,610 50.6% 20,270 33.6% 40,000 8,509 8,495 New Energy 3.7% Business 20,000 33,407 35
Slide 8: Revenue in Overseas Markets
Revenue in Overseas Markets Integrating Stringent Quality Standards to Create the Skyworth Standards TV： Acquired SINOTEC in Africa in 2014, acquired METZ in Germany and Toshiba factory in Indonesia in 2015, established a strategic partnership with Panasonic in 2026 Set-top Box ： Acquired STRONG MED
Slide 9: Segment Results by Major Business Segment
Segment Results by Major Business Segment Segment Results (RMB million) Smart Household Appliances Business Smart Systems Technology Business 1,400 New Energy Business Modern Services Business and Others* • Total segment results for FY2025 was approx. RMB2.15 billion (FY2024: approx. RMB2.58 billion
Slide 10: Revenue from Major Products/Businesses
Revenue* from Major Products/Businesses Smart TV Products Smart Systems Technology Business (RMB million) (RMB million) +3.9% 24,000 21,666 10,000 +0.1% 20,844 8,511 8,523 20,000 8,000 16,000 8,115 9,885 3,593 3,589 6,000 12,000 4,000 8,000 12,729 11,781 Smart Appliances Business 4,934 New Energy Bu
Slide 11: Gross Profit Margins
Gross Profit Margins (%) FY2025 FY2024 Change FY2023 Overall gross profit margin 12.8% 13.5% (0.7 pp) 13.6%# By region - Mainland China market 12.1% 13.0% (0.9 pp) 13.7% - Overseas markets 14.8% 15.2% (0.4 pp) 15.1% By business segment Smart TV systems products (Mainland China market) 17.4% 19.2% (1
Slide 12: Operating Expenses Analysis
Operating Expenses Analysis (% to revenue) FY2025 FY2024 Change FY2023 Selling and distribution 5.8% 5.8% -- 5.0%* General and administrative 2.8% 2.8% -- 2.8% Research and development 2.9% 3.2% (0.3 pp) 3.1% Total expense rate 11.5% 11.8% (0.3 pp) 10.9%* ⚫ Upholds the brand philosophy and practice
Slide 13: Competitive Advantage
02 The Choice of 400 Million Families COMPETITIVE ADVANTAGE 數據來源 Source: 創維集團2016-2024年主要家電產品銷售數量 Sales volume of Skyworth Group’s major home appliances from 2016 to 2024
Slide 14: Smart TV Products: Steadfast Commitment to Innovation and User-centric
Smart Household Appliances Business Smart TV Products: Steadfast Commitment to Innovation and User-centric Differentiated Product Positioning and AI-driven Innovation Enhancing User Experience and Increase Brand Influence • Starting from the users’ needs, launched a series of innovative products, in
Slide 15: Smart Appliances Business: Striving to Build a Full-scenario Product Portfolio
Smart Household Appliances Business Smart Appliances Business: Striving to Build a Full-scenario Product Portfolio Focusing on “Full-category, Multi-channel” Strategy Continuously Strengthen R&D Efforts and Technological Innovation • Focus on three core pillars: ultra-thin and flat design, AI intell
Slide 16: Coocaa Technology: Reshaping Smart Audio-Visual Experience
Smart Household Appliances Business Coocaa Technology: Reshaping Smart Audio-Visual Experience Coocaa’s Large Content Dedicated to Deepening the R&D and Application of AI technologies • Developed steadily in the internet value-added service market, based on the reliable and secure connection service
Slide 17: Smart Systems Technology Business: Core Technology Breakthroughs
Smart Systems Technology Business Focusing on Core Technology Breakthroughs and Product Iterative Innovation Deepen Innovation and Value Enhancement in Core Businesses Steadily Enhancing Integrated Supply Service Capabilities • To establish differentiated advantages through technological innovation
Slide 18: New Energy Business: Driving Innovation and Growth
New Energy Business Driving Innovation and Growth across the Entire Industrial Chain Residential PV Introduced the industry’s first BIPV product which perfectly aligns “user demands + product functionality,” offering users a PV product that Aiming to Meet Higher Green Building Standards combines pro
Slide 19: New Energy Business: Building the Future Energy Ecosystem
New Energy Business Building the Future Energy Ecosystem High-standard Quality Actively Expanding Presence across the Upstream Requirements and Downstream PV Industry Chain Guarantee safety for customers Strengthening Industrial Synergies • Entered into investment agreements with Zhejiang Aixu Solar
Slide 20: Modern Services Business and Others
Modern Services Business and Others Continued to Enhance Mutual Empowerment among Business Units Skyworth Overseas Skyworth Semiconductor Skyworth Innovation Valley Development Tower Design Tower Industrial Park • Focus on supply chain management and promote strategic cooperation with major supplier
Slide 21: ESG: Achieve Greater Efficiency and Reduce Environmental Footprint
ESG: To Achieve Greater Efficiency and Reduce Environmental Footprint Adhering to the Mission of “Dedicated to Creating a Better Life for Mankind”, Continuous Investment in the Development of Sustainable Products and Promoting a Green Lifestyle to Families Globally • Operates under an ISO 50001:2011
Slide 22: Annual Prospect
03 The Choice of 400 Million Families ANNUAL PROSPECT 數據來源 Source: 創維集團2016-2024年主要家電產品銷售數量 Sales volume of Skyworth Group’s major home appliances from 2016 to 2024
Slide 23: Development Strategy: Accelerating Globalisation and Industrial Transformation
Development Strategy: Accelerating Globalisation and Industrial Transformation AI Innovation Internationalisation Strategy Deploy multi-modal Optimise the allocation of AI products and technologies international resources Strengthen in-house R&D capabilities Precise product strategies and and expand
Slide 24: Development Strategy: From Smart Appliances to Double Carbon Ecology
Development Strategy: From Smart Appliances to Double Carbon Ecology Upholding the Ecological Intelligence Concept of “Eco-Smart” Proactively Positioning in the Emerging Blue Oceans of Smart Technologies and Green Industries Skyworth Zero-Carbon Smart Life/Home Solutions • Integrate Skyworth digital
Slide 25: Thank You
THANK YOU For more information, please contact IR Department: ir@skyworth.com or visit the Company’s IR website (http://investor.skyworth.com)
Slide 26: Inventories and Cash Flow
Appendix 1 Inventories and Cash Flow (RMB million) 31.12.2025 31.12.2024 Change 31.12.2023 Inventories 15,644 10,829 44.5% 9,894 - Finished goods 9,177 6,284 46.0% 3,918 Inventories turnover period (days) 80 69 11 60 Bills receivables 2,014 2,343 (14.0%) 1,769 Trade receivables 9,809 10,991 (10.8%)
Slide 27: Financial Position
Appendix 2 Financial Position (RMB million) 31.12.2025 31.12.2024 Change 31.12.2023 Current bank borrowings 12,717 9,387 35.5% 8,218 Non-current bank borrowings 5,314 6,918 (23.2%) 7,097 Other borrowings 1,480 78 1,797.4% -- Total interest-bearing borrowings 19,511 16,383 19.1% 15,315 - Secured 4,73
Slide 28: Key Financial Indicators
Appendix 3 Key Financial Indicators (RMB million) 31.12.2025 31.12.2024 Change 31.12.2023 Current assets 53,267 49,722 7.1% 46,677 Current liabilities 44,492 37,334 19.2% 35,428 Net current assets 8,775 12,388 (29.2%) 11,249 Non-current assets 23,237 20,286 14.5% 20,484 Non-current liabilities 8,952
Slide 29: From Smart Appliances to Double Carbon Ecology
Appendix 4 From Smart Appliances to Double Carbon Ecology 1 TV 2 Coocaa IoT Platform 3 Set-top Box 4 Access System 5 PV Power Generation 6 Energy Storage System 7 Refrigerator & Washing Machine 8 Air Conditioner 9 Kitchen System 10 New Energy Vehicles 11 Charging Station System * Mr. Wong Wang Sang,