Skyworth Group Limited · HKEX:751
Skyworth — H1 2025 Earnings Presentation
30 slides from Skyworth's earnings presentation, Aug 28, 2025
Slide 1: 2025 Interim Results
創維集團有限公司 SKYWORTH GROUP LIMITED Stock Code: 00751.HK 2025 Interim Results 28 August 2025
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 access equipment • Other smart appliances • XR/AI glasses • Internet connection services of • Integration system
Slide 4: 1H2025 Results Highlights
1H2025 Results Highlights RMB RMB RMB R&D centres 36.26 bil 365 mil 4.47 bil 15 Intelligent manufacturing bases Revenue Profit for the period Gross profit +20.3% -48.9% +7.6% 24 Accumulated patents >14,000 RMB RMB Business distribution 22.72 bil 13.49 bil >120 countries & regions Service outlets Net
Slide 5: 2025 Interim Results
01 The Choice of 400 Million Families 2025 INTERIM 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) 1H2025 1H2024 Change 1H2023 Revenue 36,264 30,153 20.3% 32,300 Gross profit 4,468 4,151# 7.6% 4,198 Gross profit margin 12.3% 13.8%# (1.5 pp) 13.0% Operating profit (EBIT) 885 1,222 (27.6%) 1,097 Operating profit margin 2.4% 4.1% (1.7 pp) 3.4% Profit for the period 365
Slide 7: Revenue by Major Business Segment
Revenue by Major Business Segment Revenue (Post-Tax) 1H2025 Revenue Breakdown (RMB million) 40,000 +20.3% 36,264 Smart Systems 1,332 Smart Household Appliances Business Technology Business 30,153 30,000 11.3% 1,267 13,801 47.0% 8,984 20,000 38.0% 4,087 4,327 New Energy 3.7% Business 10,000 15,575 17
Slide 8: Revenue in Overseas Markets
Revenue in Overseas Markets Integrating the World’s Most 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 Set-top Box ： Acquired STRONG MEDIA in Europe in September 2015 Geographical
Slide 9: Segment Results by Major Business Segment
Segment Results by Major Business Segment Segment Results (RMB million) 1,000 Smart Household Appliances Business Smart Systems Technology Business New Energy Business Modern Services Business and Others* • Total segment results for 1H2025 was approx. RMB1.15 billion (1H2024: approx. RMB1.44 billion
Slide 10: Revenue from Major Products/Businesses
Revenue* from Major Products/Businesses Smart TV Products Smart Systems Technology Business (RMB million) (RMB million) 12,000 6,000 +1.5% 9,498 9,636 -5.6% 4,335 4,094 8,000 4,000 3,950 4,100 1,717 1,452 4,000 2,000 Smart Appliance Products New Energy Business 5,548 5,536 2,618 2,642 (RMB million)
Slide 11: Gross Profit Margins
Gross Profit Margins (%) 1H2025 1H2024 Change 1H2023 Overall gross profit margin 12.3% 13.8%# (1.5 pp) 13.0% By region - Mainland China market 11.3% 14.2% (2.9 pp) 12.8% - Overseas markets 16.0% 14.2% 1.8 pp 13.8% By business segment Smart TV products (Mainland China market) 16.9% 19.1% (2.2 pp) 18.
Slide 12: Operating Expenses Analysis
Operating Expenses Analysis (% to revenue) 1H2025 1H2024 Change 1H2023 Selling and distribution 5.6% 5.5%# 0.1 pp 5.6% General and administrative 2.5% 2.8% (0.3 pp) 2.7% Research and development 2.8% 3.3% (0.5 pp) 3.1% Total expense rate 10.9% 11.6%# (0.7 pp) 11.4% Upholds the brand philosophy and
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: Product Competitiveness Continues to Improve
Smart Household Appliances Business Smart TV Products: Product Competitiveness Continues to Improve Adhering to the Strategy of High-End, Differentiation and Large-Screen Enhancing User Experience and Increase Brand Influence • Starting from the users’ needs, launched a series of innovative products
Slide 15: Smart TV Products: 1H2025 China TV Market
Smart Household Appliances Business Smart TV Products: 1H2025 China TV Market Distribution of Market Share (Retail Sales Volume) Market Share (Sales Volume) of Major Brands in 1H2025 of Major Brands (Including Sub-Brand) 30% 100% 28% Offline Online 1H2024 1H2025 26% 90% 24% 80.2% 80% 22% 21.1% 78.4%
Slide 16: Smart Appliance Products: Improving Full-Category Product Structure
Smart Household Appliances Business Smart Appliance Products: Improving Full-Category Product Structure Focusing on “Health, Energy Saving and Intelligence” Continuously Strengthen R&D Efforts and Technological Innovation • Focused on a full-category and multi-channel marketing strategy, continuousl
Slide 17: Coocaa Technology: Reshaping Smart Audio-Visual Experience
Smart Household Appliances Business Coocaa Technology: Reshaping Smart Audio-Visual Experience Coocaa’s Large Content Model 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 s
Slide 18: Smart Systems Technology Business: Differentiated Advantages
Smart Systems Technology Business Strive to Establish Differentiated Advantages Deepen Innovation and Value Enhancement in Core Businesses Focusing on the Key Track of Intelligent Connectivity and Interaction • Increased market share and continued to strengthen system architecture planning and R&D c
Slide 19: New Energy Business: A Pioneer in Sustainable Development
New Energy Business A Pioneer in Sustainable Development within the Industry Continued to Enhance Innovative Capabilities Guarantee safety for customers Delivering Integrated and Innovative Operating Solutions • Built an smart energy system integrating development, design, construction, operation, m
Slide 20: New Energy Business: Quality First and Prioritising Efficiency
New Energy Business Insisting on Quality First and Prioritising Efficiency Residential PV Industrial & Commercial PV Guarantee power generation income Multi-scenario solution • Introduced the industry’s first BIPV product which perfectly aligns “user • Offered customised products that comprehensivel
Slide 21: 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 22: ESG: Greater Efficiency and Reduced Environmental Footprint
ESG: To Achieve Greater efficiency and Reduce Environmental Footprint • Fully adopted the internationally recognised Environmental Skyworth’s Long-Term Green Initiatives Management System ISO 14001:2015 and Energy Management Embed the green concepts into the overall System ISO 50001:2011 Consider th
Slide 23: 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 24: Development Strategy: Driving Technological Innovation across Full Product Range
Development Strategy: Driving Technological Innovation across Full Product Range AI Innovation Internationalisation Strategy Deploy multi-modal Focus on products, markets, AI products and technologies supply chains and branding Strengthen in-house R&D capabilities Precise product strategies and and
Slide 25: 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”, To Create a Brand Image of “Green Intelligence, Low-Carbon Intelligence and Environmental Intelligence” Skyworth Zero-Carbon Smart Life/Home Solutions • Integrate Skywor
Slide 26: 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 27: Inventories and Cash Flow
Appendix 1 Inventories and Cash Flow (RMB million) 30.06.2025 31.12.2024 Change 31.12.2023 Inventories 13,748 10,829 27.0% 9,894 - Finished goods 9,092 6,284 44.7% 3,918 Inventories turnover period (days) 71 69 2 60 Bills receivables 1,810 2,343 (22.7%) 1,769 Trade receivables 11,666 10,991 6.1% 9,6
Slide 28: Financial Position
Appendix 2 Financial Position (RMB million) 30.06.2025 31.12.2024 Change 31.12.2023 Current bank borrowings 12,967 9,387 38.1% 8,218 Non-current bank borrowings 6,208 6,918 (10.3%) 7,097 Total bank borrowings 19,175 16,305 17.6% 15,315 - Secured 4,240 4,325 (2.0%) 5,355 - Unsecured 14,935 11,980 24.
Slide 29: Key Financial Indicators
Appendix 3 Key Financial Indicators (RMB million) 30.06.2025 31.12.2024 Change 31.12.2023 Current assets 53,826 49,722 8.3% 46,677 Current liabilities 42,921 37,334 15.0% 35,428 Net current assets 10,905 12,388 (12.0%) 11,249 Non-current assets 21,205 20,286 4.5% 20,484 Non-current liabilities 9,392
Slide 30: 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,