2024 Interim report

Six months period

Six months period

from 1 January

from 1 January

to 30 June

to 30 June

2024

2023

Change

2024 年1 月1 日

2023 年1 月1 日

至6 月30 日

至6 月30 日

止六個月期間

止六個月期間

變動

(unaudited)

(unaudited)

（未經審核）

（未經審核）

OPERATING RESULTS

經營業績

Revenue

營業額

30,153

32,300

-6.6%

EBIT

經營溢利（未扣除利息及稅項）

1,222

1,097

11.4%

EBITDA

未扣除利息、稅項、折舊及

攤銷之溢利

1,532

1,412

8.5%

Profit for the period

本期溢利

714

616

15.9%

Profit attributable to owners of the Company

本公司股權持有人應佔溢利

384

302

27.2%

FINANCIAL POSITION

財務狀況

Net cash (used in) from operating activities

經營業務（所用）所得現金淨額

(2,558)

656

-489.9%

Cash position*

現金狀況*

12,252

13,404

-8.6%

Borrowings

借款

18,957

17,306

9.5%

Equity attributable to owners of the Company

本公司股權持有人應佔權益

17,867

17,865

0.0%

Working capital

營運資金

11,758

11,319

3.9%

Bills receivables

應收票據

1,428

1,717

-16.8%

Trade receivables

應收貿易款項

10,086

9,496

6.2%

Inventories

存貨

12,073

9,460

27.6%

KEY RATIOS

主要比率

Gross profit margin (%)

毛利率（百分比）

14.2%

13.0%

1.2pp

EBIT margin (%)

經營溢利率（未扣除利息及

稅項（）百分比）

4.1%

3.4%

0.7pp

EBITDA margin (%)

未扣除利息、稅項、折舊及

攤銷之溢利率（百分比）

5.1%

4.4%

0.7pp

Profit margin (%)

純利率（百分比）

2.4%

1.9%

0.5pp

ROE (%)

本公司股權持有人回報率（百分比）

4.3%

3.4%

0.9pp

Debt to equity (%)**

負債與股權比率（百分比）**

84.2%

78.5%

5.7pp

Current ratio (times)

流動比率（倍）

1.3

1.3

-

Trade receivables turnover period (days)***

應收貿易款項周轉期（日數）***

69

59

16.9%

Inventories turnover period (days)***

存貨周轉期（日數）***

77

61

26.2%

DATA PER SHARE

每股資料

Earnings per share - Basic (RMB cents)

每股盈利－基本（人民幣仙）

16.31

11.95

36.5%

Earnings per share - Diluted (RMB cents)

每股盈利－攤薄（人民幣仙）

16.31

11.95

36.5%

Dividend per share (HK cents)

每股股息（港仙）

-

3

-100.0%

Book value per share (RMB cents)

每股賬面值（人民幣仙）

964.25

887.61

8.6%

2

SKYWORTH GROUP LIMITED  INTERIM REPORT 2024

Six months period

Six months period

from 1 January

from 1 January

to 30 June

to 30 June

2024

2023

Change

2024 年1 月1 日

2023 年1 月1 日

至6 月30 日

至6 月30 日

止六個月期間

止六個月期間

變動

(unaudited)

(unaudited)

（未經審核）

（未經審核）

SHARE INFORMATION AT FINANCIAL PERIOD END

於財務結算日股份資料

Skyworth Group Limited (Shares are listed

創維集團有限公司（股份於香港

in Hong Kong, stock code: 00751)

上市，股份代號：00751）

Number of Shares in issue (million)

已發行股數（百萬）

2,335

2,485

-6.0%

Market capitalisation (HK$ million)

市值（港幣百萬元）

7,192

8,599

-16.4%

Skyworth Digital Co., Ltd. (shares are listed

創維數字股份有限公司（股份於

in Shenzhen, stock code: 000810)

深圳上市，股份代號：000810）

Number of shares in issue (million)

已發行股數（百萬）

1,150

1,150

-

Market capitalisation (RMB million)

市值（人民幣百萬元）

9,869

18,599

-46.9%

*

Cash position refers to pledged and restricted bank deposits, cash and cash equivalents

*

現金狀況指已抵押及受限銀行存款、現金及現金等值

**

Borrowings/total equity

**

借款╱權益總額

*** Calculated based on average inventory; average sum of bills receivables and trade

***

根據平均存貨、平均應收票據及應收貿易款項之加總

receivables

金額計算

創維集團有限公司2024中期報告

3

BOARD OF DIRECTORS

董事會

Executive Directors

執行董事

Mr. Lin Jin (Chairman of the Board)

林勁先生（董事會主席）

Mr. Liu Tangzhi (Vice Chairman of the Board)

劉棠枝先生（董事會副主席）

Mr. Shi Chi (Chief Executive Officer)

施馳先生（行政總裁）

Ms. Lin Wei Ping

林衛平女士

Mr. Lam Shing Choi, Eric

林成財先生

Independent Non-executive Directors

獨立非執行董事

Mr. Li Weibin

李偉斌先生

Mr. Cheong Ying Chew, Henry

張英潮先生

Mr. Hung Ka Hai, Clement

洪嘉禧先生

MEMBERS OF COMMITTEES

委員會成員

Audit Committee

審核委員會

Mr. Cheong Ying Chew, Henry (Chairperson)

張英潮先生（主席）

Mr. Li Weibin

李偉斌先生

Mr. Hung Ka Hai, Clement

洪嘉禧先生

Executive Committee

執行委員會

Mr. Lin Jin (Chairman of the Board)

林勁先生（董事會主席）

Mr. Liu Tangzhi (Vice Chairman of the Board)

劉棠枝先生（董事會副主席）

Mr. Shi Chi (Chief Executive Officer)

施馳先生（行政總裁）

Ms. Lin Wei Ping

林衛平女士

Mr. Lam Shing Choi, Eric

林成財先生

Mr. Wu Wei

吳偉先生

Mr. Ying Yiming

應一鳴先生

Nomination Committee

提名委員會

Mr. Hung Ka Hai, Clement (Chairperson)

洪嘉禧先生（主席）

Mr. Li Weibin

李偉斌先生

Mr. Cheong Ying Chew, Henry

張英潮先生

Ms. Lin Wei Ping

林衛平女士

Remuneration Committee

薪酬委員會

Mr. Li Weibin (Chairperson)

李偉斌先生（主席）

Mr. Cheong Ying Chew, Henry

張英潮先生

Mr. Hung Ka Hai, Clement

洪嘉禧先生

Ms. Lin Wei Ping

林衛平女士

COMPANY SECRETARY

公司秘書

Mr. Lam Shing Choi, Eric

林成財先生

4

SKYWORTH GROUP LIMITED  INTERIM REPORT 2024

AUTHORISED REPRESENTATIVES

授權代表

Ms. Lin Wei Ping

林衛平女士

Mr. Lam Shing Choi, Eric

林成財先生

AUDITOR

核數師

Deloitte Touche Tohmatsu

德勤 • 關黃陳方會計師行

Certified Public Accountants

執業會計師

Registered Public Interest Entity Auditors

註冊公眾利益實體核數師

LEGAL ADVISOR

法律顧問

Reed Smith Richards Butler LLP

禮德齊伯禮律師行有限法律責任合夥

PRINCIPAL BANKERS

主要往來銀行

Bank of China Limited

中國銀行股份有限公司

Bank of Communications Co., Ltd.

交通銀行股份有限公司

China CITIC Bank International Limited

中信銀行（國際）有限公司

China Construction Bank Corporation

中國建設銀行股份有限公司

China Development Bank

國家開發銀行

DBS Bank (Hong Kong) Limited

星展銀行（香港）有限公司

Industrial and Commercial Bank of China Limited

中國工商銀行股份有限公司

Postal Savings Bank of China Co., Ltd.

中國郵政儲蓄銀行股份有限公司

Standard Chartered Bank (Hong Kong) Limited

渣打銀行（香港）有限公司

REGISTERED OFFICE

註冊辦事處

Clarendon House

Clarendon House

2 Church Street

2 Church Street

Hamilton HM 11

Hamilton HM 11

Bermuda

Bermuda

PRINCIPAL PLACE OF BUSINESS IN HONG KONG

香港主要營業地點

Rooms 1601-04 Westlands Centre

香港

20 Westlands Road

鰂魚涌

Quarry Bay

華蘭路20 號

Hong Kong

華蘭中心1601-04室

BERMUDA PRINCIPAL SHARE REGISTRAR

百慕達股份登記及過戶總處

AND TRANSFER OFFICE

Conyers Corporate Services (Bermuda) Limited

Conyers Corporate Services (Bermuda) Limited

Clarendon House

Clarendon House

2 Church Street

2 Church Street

Hamilton HM 11

Hamilton HM 11

Bermuda

Bermuda

創維集團有限公司2024中期報告

5

HONG KONG BRANCH SHARE REGISTRAR

香港股份登記及過戶分處

AND TRANSFER OFFICE

Hong Kong Registrars Limited

香港證券登記有限公司

Shops 1712-16

香港灣仔

17th Floor Hopewell Centre

皇后大道東183 號

183 Queen's Road East

合和中心17 樓

Wan Chai, Hong Kong

1712-16號舖

SHARES LISTING

股份上市

Shares of the Company are listed on

本公司股份於香港聯合交易所有限公司上市

The Stock Exchange of Hong Kong Limited

股份代號：00751

Stock Code: 00751

IMPORTANT INFORMATION

重要資訊

Results Announcement Date

業績公佈日期

Interim Results: 27 August 2024

中期業績：2024 年8 月27 日

COMPANY WEBSITE

公司網頁

http://www.skyworth.com

http://www.skyworth.com

6

SKYWORTH GROUP LIMITED  INTERIM REPORT 2024

BUSINESS PERFORMANCE REVIEW

業務表現回顧

Revenue

營業額

For the six months ended 30 June 2024 (the "Current Period"), the Group's

截至2024 年6 月30 日止六個月（「本期」），本集

overall revenue amounted to RMB30,153 million, representing a decrease of

團的整體營業額為人民幣30,153 百萬元，較去年

RMB2,147 million or 6.6% compared with an overall revenue of RMB32,300

同期的整體營業額人民幣32,300 百萬元，下跌了

million for the Same Period of Previous Year. During the Current Period, the

人民幣2,147 百萬元或6.6%。本期內，面對環球市

Group continued to deepen its strengths and seek breakthroughs in the face of

場多變及國內需求疲弱的難題，本集團繼續深

a volatile global market and weak domestic demand. The Group quickly

化強項，尋求突破，在逆境中迅速調整策略，

adjusted its strategies against the adversity and improved its overall operating

透過降低營運成本和提升資源效率來提高整體

efficiency by reducing operating costs and enhancing resource efficiency.

營運效益。在當前宏觀經濟增勢不明顯的大環

Under the current macroeconomic uncertainties, the Group managed to

境下，本集團仍能表現穩定，實現淨利潤人民

maintain a stable performance and achieved a net profit of RMB714 million,

幣714 百萬元，較去年同期的人民幣616 百萬元

demonstrating an increase of RMB98 million or 15.9% compared with RMB616

增長人民幣98 百萬元或15.9%。本集團本期毛利

million for the Same Period of Previous Year. The gross profit margin of the

率為14.2%，較去年同期的13.0% 上升1.2 個百分點。

Group for the Current Period was 14.2%, representing an increase of 1.2

percentage points as compared to 13.0% for the Same Period of Previous Year.

The global economy is under a steady but slow recovery. With the energy crisis

全球經濟復甦進程平穩但緩慢。有見持續的俄

caused by the ongoing Russia-Ukraine War, increased geopolitical conflicts

烏戰爭所引發的能源危機、地緣政治衝突及緊

and tensions, and the Federal Reserve's continuous interest rate hike cycle,

張局勢加劇、美聯儲加息周期持續，整體市場

overall market sentiment remains weak and the global economy is still under

氣氛依然疲軟，環球經濟仍然受壓。面對仍然

pressure. In the face of the continuously weak market, the Group continued to

處於疲弱水平的市場，本集團繼續推動產業轉

drive industrial transformation and innovative development in its business

型和創新發展經營方針，同時密切關注市場最

strategies, while keeping a close eye on the latest market development, from

新發展，從智能家電的數字化革新，到以新能

the digital innovation of smart household appliances to the achievement of

源產業為綠色發展引擎實現碳達峰與碳中和（「雙

the carbon peak and carbon neutrality ("Double Carbon") goal by the new

碳」）目標。本集團高度重視自研技術的創新和

energy industry as a green development drive. The Group attaches great

產業的高質量發展，密切推進前瞻佈局引領集

importance to the innovation of self-developed technology and the high-

團業務向前邁進，並繼續以多元化、多渠道策

quality development of the industry, pursue forward-looking layout to advance

略實現全球化發展戰略。

its business, and continue to realise its global development strategy by

adopting diversified and multi-channel strategies.

During the Current Period, the market uncertainty intensified the pressure on

本期內，市場的不確定性加劇企業面臨的經營

businesses, which further dampened consumer demand and posed challenges

壓力，進一步抑制消費需求，為本集團營商環

to the Group's business environment. In this regard, Skyworth took initiative to

境帶來挑戰。為此，創維積極推行雙碳戰略綠

promote the green development of the Double Carbon strategy, and facilitated

色發展，並且促進全球超高清視頻產業的創新、

the innovative, healthy and sustainable development of the global ultra-high-

健康和可持續發展；在科技創新、品質要求、

definition video industry. It also continued to make optimisation in various

用戶至上等多方面不斷優化，旨在變幻莫測的

aspects such as technological innovation, quality requirements and users-first

市場中保持競爭力。

philosophy, in order to remain competitive in the ever-changing market.

For the below analysis, other business tax of RMB73 million during the Current

在下列分析中，按地區及按業務板塊劃分之營

Period (the Same Period of Previous Year: RMB51 million) was not deducted

業額皆未扣除其他營業稅，本期間其他營業稅

from the revenue by geographical segment and revenue by business sectors.

為人民幣73 百萬元（去年同期：人民幣51 百萬

元）。

創維集團有限公司2024中期報告

7

(a) Business Review by Geographical Segment

(a) 業務分析 - 按地區劃分

The Group's operations have been expanded worldwide, including

本集團的業務遍佈世界各地區，包括中國

mainland China and other regions in Asia, Europe and Americas, and

大陸及亞洲其他地區、歐美、非洲等。當

Africa, with mainland China being the primary market.

中以中國大陸市場為主要業務市場。

Mainland China Market

中國大陸市場

For the six months ended 30 June 2024, revenue from the mainland

截至2024 年6 月30 日止六個月，中國大陸

China market amounted to RMB22,706 million, representing a decrease

市場的營業額為人民幣22,706 百萬元，較

of RMB2,437 million or 9.7% as compared to RMB25,143 million for the

去年同期人民幣25,143 百萬元減少人民幣

Same Period of Previous Year. After several years of rapid growth, the

2,437 百萬元或9.7%。經過數年的高速增長

new energy business was constrained by electricity policy and local grid

期後，新能源業務受電力政策及地方電網

capacity, resulting in a decline in revenue as compared to the Same

承載力所限，收入較去年同期有所下滑。

Period of Previous Year.

During the Current Period, the Group's smart household appliances

本期內，在本集團的中國大陸市場營業額

business, smart systems technology business and new energy business

中，智能家電業務佔中國大陸市場營業額

each accounted for 43.8% (the Same Period of Previous Year: 36.5%), 11.5%

的43.8%（去年同期：36.5%）、智能系統技術

(the Same Period of Previous Year: 12.2%) and 39.7% (the Same Period of

業務佔中國大陸市場營業額的11.5%（去年

Previous Year: 48.2%) of its revenue from the mainland China market,

同期：12.2%）、新能源業務佔39.7%（去年同

while the modern services business and others attributed the remaining

期：48.2% ）、現代服務業業務及其他佔餘

5.0% (the Same Period of Previous Year: 3.1%).

下的5.0%（去年同期：3.1%）。

Overseas Markets

海外市場

For the six months ended 30 June 2024, revenue from overseas markets

截至2024 年6 月30 日止六個月，來自海外

amounted to RMB7,520 million, accounting for 24.9% of the Group's

市場的營業額為人民幣7,520 百萬元，佔本

overall revenue and representing an increase of RMB312 million or 4.3%

集團總營業額的24.9%，較去年同期的人民

from RMB7,208 million for the Same Period of Previous Year. During the

幣7,208 百萬元增長人民幣312 百萬元或

Current Period, foreign economies remained under pressure, and the

4.3%。本期間，國外經濟仍然受壓，同時

Russia-Ukraine War remained uncertain. As a result, there was no

俄烏戰爭局勢未見明朗，導致亞洲市場消

significant increase in consumer purchasing power and desire in the

費者購買力和消費慾望未見明顯提升。有

Asian markets. As global sports events were held successively in 2024,

見全球體育盛事於2024 年相繼舉行，本集

the Group successfully expanded its business in the European and

團智能電器產品憑藉其高智能、人性化產

African markets, with its highly intelligent and user-friendly smart

品設計積極迎合運動賽事的熱潮，成功擴

appliances product design that catered to the sports events.

張歐洲及非洲市場業務版圖。

8

SKYWORTH GROUP LIMITED  INTERIM REPORT 2024

Geographical Distribution of Revenue in Overseas Markets

海外市場營業額的地區分佈

The Group's main overseas markets are Asia, Europe, Americas and

本集團的主要海外市場為亞洲、歐洲、美

Africa. The geographical distribution of the revenue in proportion for

洲及非洲。海外市場營業額的地區分佈比

overseas markets is illustrated as follows:

率說明如下：

Six months ended 30 June

截至6 月30 日止六個月

2024

2023

2024 年

2023 年

(%)

(%)

Asia

亞洲

51

58

Europe

歐洲

22

17

Americas

美洲

14

14

Africa

非洲

11

10

Oceania

大洋洲

2

1

100

100

(b) Business Review by Business Sectors

(b) 業務分析 - 按業務板塊劃分

In response to the needs of corporate development and the

因應企業發展要求及提升管理效率，本集

enhancement of management efficiency, the Group announced its four

團公佈了整合優化後的四大業務板塊包括：

major business sectors following integration and optimisation including:

1. 智能家電業務、2. 智能系統技術業務、

1. Smart Household Appliances Business, 2. Smart Systems Technology

3. 新能源業務及4. 現代服務業業務，讓各

Business, 3. New Energy Business and 4. Modern Services Business,

產業公司能整合資源，發揮協同效應。

enabling various business units to integrate resources and exert

synergies.

1. Smart Household Appliances Business

1. 智能家電業務

The Group's smart household appliances business primarily

本集團智能家電業務主要包括智能

covers, among others, smart TV systems, smart white appliances,

電視系統、智能白家電產品、其他

other smart appliances and provision of internet connection

智能電器及酷開系統的互聯網連接

services of Coocaa System.

服務等。

For the six months ended 30 June 2024, the Group's smart

截至2024 年6 月30 日止六個月，本集

household appliances business recorded revenue of RMB15,600

團智能家電業務的營業額錄得人民

million, representing an increase of RMB1,436 million or 10.1% as

幣15,600 百萬元；較去年同期的人民

compared to RMB14,164 million recorded in the Same Period of

幣14,164 百萬元增長人民幣1,436 百萬

Previous Year.

元或10.1%。

創維集團有限公司2024中期報告

9