Skyworth's net profit for three consecutive years exceeded HK$1 billion

Recently, Skyworth Digital Holdings Co., Ltd. announced its annual results from April 1, 2010 to March 31, 2011. According to the report, Skyworth Digital's operating results continued to grow steadily in FY2010, and its profitability continued to maintain its leading position in the industry. The Group's turnover reached HK$24.339 billion, an increase of 6.9% over the previous year. It maintained growth for the fifth consecutive year, with an average increase of 18%; gross profit 46.63 HK$100 million, with a profit of HK$1,281 million; the Board of Directors recommended a dividend of HK$0.14 per share for the full year, with a dividend payout ratio of 30.5%.

This is the profit for the third consecutive year of more than 1 billion Hong Kong dollars after a profit of 1.326 billion Hong Kong dollars in 2009 and a profit of 1.281 billion Hong Kong dollars in 2010. The annual report data shows that the mainland China market is still the strongest position for Skyworth's performance growth. The Group's sales in the mainland market accounted for 88.1% of the total turnover, an increase of 11.8%. Among them, the most important color TV business accounted for 88.9%.

In FY2011, sales of Skyworth Group's overseas TV market increased by 52.7% to HK$1,619 million, and sales volume increased by 39.4% to 2.23 million units. The total sales of LED LCD TVs in overseas markets increased by 446.7% over the same period last year. The sales of liquid crystal devices in the mainland market was HK$265 million, a surge of 138.7% from last year.

Skyworth Group expects to target 10 million units of color TV products in the new fiscal year 2012, with 7.6 million units and 2.4 million units in China and overseas, respectively, up 8% from 2011. Among the targets of the Chinese mainland market, 4 million units are 3D LED LCD TVs, accounting for 53% of the total, up 197% from last year.

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