Skyworth Group Limited · HKEX:751
Skyworth — H1 2026 Earnings Presentation
30 slides from Skyworth's earnings presentation, Aug 27, 2026
Slide 1: 2026 Interim Results
創維集團有限公司 SKYWORTH GROUP LIMITED Stock Code 股份代號 : 00751.HK 2026 Interim Results 27 August 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 Skywort
Slide 3: Four Key Business Sectors
// 3 Four Key Business Sectors // Smart Household Appliances Business // Smart Systems Technology Business 〡Smart TV 〡Smart set-top boxes 〡Integration systems for 〡Smart white appliances and solutions automotive display 〡Other smart appliances 〡Broadband network 〡Industrial control display 〡Internet
Slide 4: 1H2026 Results Highlights
// 4 1H2026 Results Highlights // Revenue // Profit for the period // Gross profit RMB38.04 bil RMB1.03 bil RMB5.08 bil +4.9% +180.8% +13.7% // Net assets // Cash position RMB23.82 bil RMB12.79 bil R&D centres Intelligent Accumulated patents Business distribution manufacturing bases 15 27 >15,000 >1
Slide 5: Interim Results
2026 INTERIM RESULTS
Slide 6: Overall Results
// 6 Overall Results (RMB million) 1H2026 1H2025 Change 1H2024 Revenue 38,035 36,264 4.9% 30,153 Gross profit 5,082 4,468 13.7% 4,151# Gross profit margin 13.4% 12.3% 1.1 pp 13.8%# Operating profit (EBIT) 1,728 885 95.3% 1,222 Operating profit margin 4.5% 2.4% 2.1 pp 4.1% Profit for the period 1,025
Slide 7: Revenue by Major Business Segment
// 7 Revenue by Major Business Segment Revenue (Post-Tax) 1H2026 Revenue Breakdown (RMB million) Smart Systems +4.9% Technology Business 40,000 38,035 Smart Household 36,264 Appliances Business 1,070 1,332 30,000 13,900 46.6% 14.0% 13,801 20,000 5,342 36.6% 4,087 2.8% 10,000 17,044 17,723 Modern Ser
Slide 8: Revenue from Major Products/Businesses
// 8 Revenue* from Major Products/Businesses Mainland China Overseas z Mainland China + Overseas // Smart TV Products // Smart Systems Technology Business (RMB million) Mainland China (RMB million) Mainland China +10.7% +30.7% 12,000 10,668 YoY 6,000 5,349 YoY 9,636 +2.8% +17.4% 4,094 8,000 4,977 4,
Slide 9: Revenue in Overseas Markets
// 9 Revenue in Overseas Markets Geographical Distribution of Revenue* in Overseas Markets 80% 1H2025 1H2026 60% 45% 46% 40% 22% 22% 23% 19% 20% 12% 9% 1% 1% 0% Asia Americas Europe Africa Oceania 〡 1H2026: Revenue from overseas markets amounted to approx. RMB10.30 billion (1H2025: approx. RMB8.05 b
Slide 10: Gross Profit Margins
// 10 Gross Profit Margins (%) 1H2026 1H2025 Change 1H2024 Overall gross profit margin 13.4% 12.3% 1.1 pp 13.8%# By region - Mainland China market 13.0% 11.3% 1.7 pp 14.2% - Overseas markets 14.4% 16.0% (1.6 pp) 14.2% By business segment Smart TV systems products (Mainland China market) 18.5% 16.9%
Slide 11: Segment Results by Major Business Segment
// 11 Segment Results by Major Business Segment (RMB million) Segment Results 〡 Total segment results for 1H2026 Smart Household Appliances Business New Energy Business was approx. RMB1.53 billion 1,000 Smart Systems Technology Business Modern Services Business and Others* (1H2025: approx. RMB1.15 b
Slide 12: Operating Expenses Analysis
// 12 Operating Expenses Analysis (% to revenue) 1H2026 1H2025 Change 1H2024 Selling and distribution 5.8% 5.6% 0.2 pp 5.5%# General and administrative 2.7% 2.5% 0.2 pp 2.8% Research and development 2.7% 2.8% (0.1 pp) 3.3% Total expense rate 11.2% 10.9% 0.3 pp 11.6%# 〡 Upholds the brand philosophy a
Slide 13: Competitive Advantage
COMPETITIVE ADVANTAGE
Slide 14: Smart TV Products: Establishing Differentiated Product Advantages
// 14 Smart Household Appliances Business Smart TV Products: Establishing Differentiated Product Advantages Strategic Focus: “Healthy Display, Home Aesthetics, Edge-Cloud AI” Advancing Technological Innovation and Product Implementation 〡 Starting from the users’ needs, launched a series of innovati
Slide 15: Smart Appliances Business: Building a Full-scenario Product Portfolio
// 15 Smart Household Appliances Business Smart Appliances Business: Striving to Build a Full-scenario Product Portfolio Focusing on “Full-category, Multi-channel” Strategy Continue to Consolidate Core Markets 〡 Focus on three core pillars: ultra-thin and flat design, AI intelligence, and health-foc
Slide 16: Coocaa Technology: Reshaping Smart Audio-Visual Experience
// 16 Smart Household Appliances Business Coocaa Technology: Reshaping Smart Audio-Visual Experience Dedicated to Deepening the R&D and Application of AI Technologies 〡 Developed steadily in the internet value-added service market, based on the reliable and secure connection services, and mature and
Slide 17: Smart Systems Technology Business: Seizing Opportunities
// 17 Smart Systems Technology Business Seizing Opportunities in Industry Technological Transformation Consistently Increasing R&D Investment Upgrading Smart Device Products to Greater Intelligence and Multimodal Capabilities 〡 Maintaining market share in traditional stronghold segments, while subst
Slide 18: New Energy Business: Driving Innovation across the Industrial Chain
// 18 New Energy Business Striving to Drive Innovation and Growth across the Entire Industrial Chain Aiming to Meet Higher Green Building Standards 〡 Leveraging an innovative business model of “Photovoltaics + Inclusive development + Digital technology” to provide comprehensive solutions across the
Slide 19: New Energy Business: Unlocking Power Station Value
// 19 New Energy Business Further Optimising Resource Allocation and Unlocking Power Station Value Dual-brand, Multi-models and Multi-business 〡 Unveiled the fully upgraded digital platform, InfraCosmos Platform (羲寰能源). Leveraging capabilities such as the IoT, big data and AI, it highlights three ma
Slide 20: Modern Services Business and Others
// 20 Modern Services Business and Others Continuously Strengthening Mutual Empowerment among Business Units Constantly Implementing Organisational Optimisation Accelerating New Businesses and New Development Models Integration and Expansion Skyworth Overseas Skyworth Semiconductor Skyworth Innovati
Slide 21: ESG: Achieving Higher Efficiency and Reducing Environmental Footprint
// 21 ESG: Achieving Higher Efficiency and Reducing the Environmental Footprint Consider the use of recycled materials and Embed the green concepts into the overall 〡 Operate under an ISO 50001:2011 certified Energy implant structural design on products: supply chain: • Simplify design to increase m
Slide 22: Annual Prospect
ANNUAL PROSPECT
Slide 23: Development Strategy: Leapfrog Advancement of Technologies, Scenarios and Ecosystems
// 23 Development Strategy: Actively Driving the Leapfrog Advancement of Technologies, Scenarios and Ecosystems AI Internationalisation Innovation Strategy 〡 Deploy multi-modal 〡 Optimise the allocation of AI products and technologies international resources 〡 Strengthen in-house R&D 〡 Precise produ
Slide 24: Development Strategy: From Smart Appliances to Double Carbon Ecology
// 24 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 〡 Integrate digital technology and smart home appliance solutions bas
Slide 25: Appendix
Appendix
Slide 26: Inventories and Cash Flow
// 26 Appendix 1 Inventories and Cash Flow (RMB million) 30.06.2026 31.12.2025 Change 31.12.2024 Inventories 21,163 15,644 35.3% 10,829 - Finished goods 10,609 9,177 15.6% 6,284 Inventories turnover period (days) 101 80 21 69 Bills receivables 1,371 2,014 (31.9%) 2,343 Trade receivables 13,048 9,809
Slide 27: Financial Position
// 27 Appendix 2 Financial Position (RMB million) 30.06.2026 31.12.2025 Change 31.12.2024 Current bank borrowings 15,075 12,717 18.5% 9,387 Non-current bank borrowings 8,676 5,314 63.3% 6,918 Other borrowings 1,707 1,480 15.3% 78 Total interest-bearing borrowings 25,458 19,511 30.5% 16,383 - Secured
Slide 28: Key Financial Indicators
// 28 Appendix 3 Key Financial Indicators (RMB million) 30.06.2026 31.12.2025 Change 31.12.2024 Current assets 63,012 53,267 18.3% 49,722 Current liabilities 50,379 44,492 13.2% 37,334 Net current assets 12,633 8,775 44.0% 12,388 Non-current assets 24,081 23,237 3.6% 20,286 Non-current liabilities 1
Slide 29: From Smart Appliances to Double Carbon Ecology
// 29 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 & 8 Air Conditioner 9 Kitchen System 10 New Energy Vehicles* 11 Charging Station System Washing Machine * Mr. Wong Wan
Slide 30: 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) 30