Skyworth releases financial report for H1 2020
SHENZHEN, China, Sept. 3, 2020 /PRNewswire/ -- On August 31, Skyworth Group Co., Ltd. (stock code: 00751.HK, "Skyworth") released its financial report for the first half of 2020. According to the report, Skyworth generated turnover amounting to 15.98 billion yuan (approx. US
During the first half of this year, in response to the impact of COVID-19 and an increase in home appliance inventory, Skyworth took steps to adjust its operational strategies, and upgrade its products and services. In addition, the group undertook various measures to improve overall operational efficiency, leading to an increase in overall profitability.
The group's multimedia business reported turnover of 9.39 billion yuan (approx. US
Looking ahead, Skyworth plans to closely monitor market trends and accelerate integration of 5G and AI into every "terminal" product that the firm produces. This will be achieved by accelerating the R&D of various product lines, including 5G smart TVs, 5G home access systems, smart home control systems and next-generation smart home appliances, creating a new product portfolio that enhances market share and competitiveness. The firm will also focus on the other three elements that have been a key to fulfill its corporate vision of creating home-centered smart living – intelligence, connections and ecosystems.
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SOURCE SKYWORTH