Recently, Skyworth Digital, a company controlled by Skyworth Group, released the third quarter report of 2017. The report shows that Skyworth's operating revenue for the first three quarters of 2017 was 5.144 billion yuan, a year-on-year increase of 20.98%. Among them, the sales volume of the set-top box business in the first three quarters of the year increased by 14.83% year-on-year, and the revenue increased by 14.23% year-on-year; the revenue of the LCD module business increased by 72.13% in the first three quarters. Among them, the company's set-top box business in the third quarter (July-September) compared with the same period, the overall sales volume increased by 34.8%, operating income increased by 39.68%; LCD module business revenue increased by 71.54% in the third quarter. Skyworth Digital has achieved brilliant results in sales and sales volume in many businesses such as set-top box business and LCD modules.
Skyworth sits steadily on the domestic set-top box leader
In September 2014, Skyworth Digital was split from Skyworth Digital and listed on domestic A-shares. It strengthened the set-top box business chain and entered the smart home field. At the time, Dr. Shi Chi, president of Skyworth Digital, stated that Skyworth Digital must become an intelligent processor at the entrance to the value chain of the Internet ecosystem. On the one hand, we must expand the scale of the smart end and at the same time transform operations and services. Based on this concept, Skyworth vigorously pioneered the set-top box business and achieved significant progress, occupying an industry leading position with absolute market size and coverage.
This year, Skyworth Digital’s market share and market coverage have been further enhanced based on the integration of set-top boxes’ multi-functions, smart upgrades and iterations, and active response to the needs of operators’ market expansion. From the perspective of the segments of the set-top box business, Skyworth's sales and revenue in the third quarter (July-September) showed a good trend of rapid growth: sales volume of domestic radio and television operators increased by 36.6%, and revenue increased by 52.7. %; The sales volume of domestic telecommunication operators increased by 60.36%, and revenue increased by 66.56%. In addition, the sales volume of domestic Internet OTT independent brands retail business increased by 10.10%, and revenue increased by 8.35%.
Set-top box overseas business performance bright eyes rapid growth
The report shows that Skyworth's sales volume in the third quarter of the smart box business from July to September increased by 20.96% over the same period of last year, and revenue increased by 21.94%. Skyworth Digital has entered the North American first-tier operator market, its Caldero team has successfully obtained orders from high-end operators, and its subsidiary Strong has achieved better results in promoting OTT smart terminal products in the European market. Overseas subsidiaries went hand in hand and the business scale continued to expand, bringing a powerful boost to the third quarter growth.
In fact, the rooftop business has always been Skyworth's key project in overseas markets. As early as 2015, Skyworth entered a high-end European market by acquiring Caldero, a digital set-top box consulting service and StrongMedia, a European set-top box company, to increase the holding of STB business channel resources and overseas market share. Taking advantage of the national “Belt and Road†approach, Skyworth has gradually opened up a blue ocean in countries and regions along its route. Skyworth ranks first in terms of market share in India for many years. In 2015, Skyworth exported more than 5 million set-top boxes to India, bringing a more beautiful and rich viewing experience to the Indian people.
In the next fiscal year, Skyworth will further strengthen the internationalization strategy of digital set-top boxes, gradually establish and improve the global supply chain and production system, achieve rational allocation of overseas and local resources, and establish an overseas after-sales service team to increase the overseas set-top boxes. Received.
Into the liquid crystal module made a breakthrough
On January 14, 2016, Skyworth Digital Development Co., Ltd. announced that it will acquire a 100% stake in Skyworth LCD (Shenzhen) Co., Ltd., which is held by the company’s related party LCD Technology, for 889 million yuan, and will enter the LCD module to expand. And optimized the business and product structure to withstand the operating risk of a single digital set-top box business of listed companies. After more than a year of operation, the Skyworth digital LCD module business also achieved breakthrough progress.
The report shows that revenue for the first three quarters of 2017 was 733 million, an increase of 72.13% year-on-year, and revenue for the third quarter of July-September was 260 million, a year-on-year increase of 71.54%. The liquid crystal module business creates a clustered high-end customer structure and has developed a mobile phone, a tablet, and a wearable liquid crystal display module based on the characteristics of ultra-thin, ultra-narrow, high color gamut, low power consumption, and low screen occupation ratio. The other has overcome the visible, naked eye 3D, quantum dot film and other technical difficulties in the sun, the future will be mass production.
Skyworth Digital has achieved this success, thanks to breakthroughs in the development of new products and the application of new technologies. At the Shenzhen Science and Technology Awards Conference held in September this year, Skyworth Digital won four technology awards in one fell swoop. We have made breakthroughs in multimedia system technology research in digital television broadcasting and broadband transmission, as well as in key technologies such as chip-scale packaged high-power device design. With the related technology base of industrialization and the market scale advantage of Skyworth Digital, the revenue has been greatly improved.
In the future, Skyworth Digital will continue to rely on its own strong technical force, always insist on technology to promote development, continuous innovation, continuous optimization of product structure, broaden the industrial chain, enhance competitiveness, enhance the business market scale, and strive to achieve large-scale increase in revenue. .
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