New Risk • Apr 29
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CN¥5.9b This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Negative equity (-CN¥5.9b). Earnings have declined by 63% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.0% average weekly change). Announcement • Apr 29
Konka Group Co., Ltd., Annual General Meeting, May 25, 2026 Konka Group Co., Ltd., Annual General Meeting, May 25, 2026, at 14:30 China Standard Time. Location: 19F, No. 28, Keji South 12th Road, Nanshan District, Shenzhen, Guangdong China New Risk • Apr 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 55% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.2% average weekly change). Announcement • Mar 31
Konka Group Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Konka Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Dec 31
Konka Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 24, 2026 Konka Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 24, 2026 Reported Earnings • Oct 30
Third quarter 2025 earnings released: CN¥0.25 loss per share (vs CN¥0.21 loss in 3Q 2024) Third quarter 2025 results: CN¥0.25 loss per share (further deteriorated from CN¥0.21 loss in 3Q 2024). Revenue: CN¥2.43b (down 10% from 3Q 2024). Net loss: CN¥598.2m (loss widened 15% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Sep 30
Konka Group Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Konka Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Reported Earnings • Aug 31
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: CN¥2.70b (down 8.4% from 2Q 2024). Net loss: CN¥478.1m (loss narrowed 17% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Announcement • Aug 16
Konka Group Co., Ltd. Announces Board Elections Konka Group Co., Ltd. announced that at its EGM held on August 14, 2025, shareholders approved the election of Wu Jianjun, Yu Huiliang, Song Qing and Sun Yongqiang as non-independent directors, Li Zhong and Pan Zhaoguo as independent directors. Announcement • Jul 02
Konka Group Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Konka Group Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Announcement • May 20
Konka Group Co., Ltd., Annual General Meeting, Jun 16, 2025 Konka Group Co., Ltd., Annual General Meeting, Jun 16, 2025, at 14:50 China Standard Time. Location: 19F, No. 28, Keji South 12th Road, Nanshan District, Shenzhen, Guangdong China Reported Earnings • Apr 15
Full year 2024 earnings released: CN¥1.37 loss per share (vs CN¥0.90 loss in FY 2023) Full year 2024 results: CN¥1.37 loss per share (further deteriorated from CN¥0.90 loss in FY 2023). Revenue: CN¥11.1b (down 38% from FY 2023). Net loss: CN¥3.30b (loss widened 52% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Announcement • Mar 31
Konka Group Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Konka Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Dec 31
Konka Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 01, 2025 Konka Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 01, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: CN¥0.21 loss per share (vs CN¥0.22 loss in 3Q 2023) Third quarter 2024 results: CN¥0.21 loss per share (improved from CN¥0.22 loss in 3Q 2023). Revenue: CN¥2.71b (down 39% from 3Q 2023). Net loss: CN¥518.5m (flat on 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Announcement • Oct 23
Konka Group Co., Ltd. Approves Board Elections Konka Group Co., Ltd. at its Extraordinary General Meeting held on 21 October 2024 approved the election of Cao Shiping and Huang Xinzheng as a non-independent director. Announcement • Sep 30
Konka Group Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Konka Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Reported Earnings • Aug 31
Second quarter 2024 earnings released: CN¥0.24 loss per share (vs CN¥0.14 loss in 2Q 2023) Second quarter 2024 results: CN¥0.24 loss per share (further deteriorated from CN¥0.14 loss in 2Q 2023). Revenue: CN¥2.95b (down 50% from 2Q 2023). Net loss: CN¥577.4m (loss widened 67% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. New Risk • Aug 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (5.0% operating cash flow to total debt). Earnings have declined by 55% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.5% average weekly change). Announcement • Jun 29
Konka Group Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024 Konka Group Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024 Announcement • Jun 02
Konka Group Co., Ltd., Annual General Meeting, Jun 24, 2024 Konka Group Co., Ltd., Annual General Meeting, Jun 24, 2024, at 14:50 China Standard Time. Reported Earnings • May 03
First quarter 2024 earnings released: CN¥0.21 loss per share (vs CN¥0.063 profit in 1Q 2023) First quarter 2024 results: CN¥0.21 loss per share (down from CN¥0.063 profit in 1Q 2023). Revenue: CN¥2.46b (down 47% from 1Q 2023). Net loss: CN¥510.1m (down 435% from profit in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 02
Full year 2023 earnings released: CN¥0.90 loss per share (vs CN¥0.61 loss in FY 2022) Full year 2023 results: CN¥0.90 loss per share (further deteriorated from CN¥0.61 loss in FY 2022). Revenue: CN¥17.8b (down 40% from FY 2022). Net loss: CN¥2.16b (loss widened 47% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Announcement • Mar 30
Konka Group Co., Ltd. to Report Q1, 2024 Results on Apr 29, 2024 Konka Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 29, 2024 Announcement • Dec 30
Konka Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 02, 2024 Konka Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 02, 2024 Announcement • Dec 13
Konka Group Co., Ltd.(SZSE:200016) dropped from Shenzhen Stock Exchange Component B Share Index Konka Group Co., Ltd. has been removed from Shenzhen Stock Exchange Component B Share Index . Reported Earnings • Nov 01
Third quarter 2023 earnings released: CN¥0.22 loss per share (vs CN¥0.015 loss in 3Q 2022) Third quarter 2023 results: CN¥0.22 loss per share (further deteriorated from CN¥0.015 loss in 3Q 2022). Revenue: CN¥4.40b (down 43% from 3Q 2022). Net loss: CN¥521.6m (loss widened CN¥484.4m from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 28
Second quarter 2023 earnings released: CN¥0.14 loss per share (vs CN¥0.029 profit in 2Q 2022) Second quarter 2023 results: CN¥0.14 loss per share (down from CN¥0.029 profit in 2Q 2022). Revenue: CN¥5.87b (down 32% from 2Q 2022). Net loss: CN¥345.8m (down CN¥414.7m from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Announcement • May 30
Konka Group Co., Ltd., Annual General Meeting, Jun 19, 2023 Konka Group Co., Ltd., Annual General Meeting, Jun 19, 2023, at 14:30 China Standard Time. Agenda: To consider 2022 work report of the board of directors; to consider 2022 work report of the supervisory committee; to consider 2022 audit report; to consider 2022 annual report; and to consider 2022 profit distribution plan. Board Change • Apr 04
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Jian Liu was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 24
Konka Group Co. Ltd. Announces to Roll Out Its New Range of Smart Color Televisions Across Latin America, Starting with Brazil KONKA Group Co. Ltd. has announced to roll out its new range of smart color televisions across Latin America, starting with Brazil. The new bezel-less KONKA 680 Series TVs feature the latest intelligent Android 11 operating system and a 4KUHD screen that provides ultra-high-definition picture quality. KONKA will also showcase the 680 Series TV at CES in January 2023, with more high-tech products in the pipeline for the Americas markets KONKA 680 Series TV, running on Android 11 OS, allows customers to switch between multiple tasks without exiting the current operation in the user interface. This means they can directly preview and switch from an app, TV channel, movie, or live stream by using just the home key. The operating system also comes equipped with the powerful Google Assistant. Customers can activate the voice assistant on any interface by pressing the Voice button on the remote control. The assistant then allows them to take total control over the TV using their voice alone. Customers can simply talk to control apps, the entertainment system, as well as smart home devices, boosting their experience considerably. At KONKA, it is believed that technological innovation will lower overall product manufacturing costs, allowing more consumers to buy higher-quality products for less money. With this perception, KONKA has continued to strengthen its commitment to R&D and innovation. It has launched several consumer products powered by its Mini LED, OLED, and Micro LED technologies, propelling the commercialization of pixel pitches from the professional display field to the broader consumer market and thus improving user experience. Reported Earnings • Oct 28
Third quarter 2022 earnings released: CN¥0.015 loss per share (vs CN¥0.088 loss in 3Q 2021) Third quarter 2022 results: CN¥0.015 loss per share (improved from CN¥0.088 loss in 3Q 2021). Revenue: CN¥7.70b (down 22% from 3Q 2021). Net loss: CN¥37.2m (loss narrowed 82% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.029 (vs CN¥0.005 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.029 (up from CN¥0.005 in 2Q 2021). Revenue: CN¥8.58b (down 28% from 2Q 2021). Net income: CN¥68.9m (up 446% from 2Q 2021). Profit margin: 0.8% (up from 0.1% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Jul 27
Konka Group Co., Ltd. Announces Board Appointment Konka Group Co., Ltd. at its 4th Extraordinary General Meeting of 2022 held on 25 July 2022, during which the following proposals were approved; Election of Liu Jian as an independent director. Valuation Update With 7 Day Price Move • May 26
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥5.60, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 27x in the Consumer Durables industry in China. Total returns to shareholders of 35% over the past three years. Reported Earnings • Apr 28
First quarter 2022 earnings released: EPS: CN¥0.043 (vs CN¥0.03 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.043 (up from CN¥0.03 in 1Q 2021). Revenue: CN¥8.32b (down 15% from 1Q 2021). Net income: CN¥103.9m (up 43% from 1Q 2021). Profit margin: 1.2% (up from 0.7% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Apr 28
Konka Group-B Approves Cash Dividend for the Year 2021 Konka Group-B held its Annual General Meeting of 2021 on 25 April 2022, during which it approved profit distribution plan for cash dividend of CNY 0.50000000 per ten shares (tax included). Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Shuguang Wang was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 02
Konka Group Co., Ltd., Annual General Meeting, Apr 25, 2022 Konka Group Co., Ltd., Annual General Meeting, Apr 25, 2022, at 14:30 China Standard Time. Agenda: To consider 2021 work report of the board of directors; to consider 2021 work report of the supervisory committee; to consider 2021 audit report; to consider 2021 annual report; to consider 2021 profit distribution plan; to consider the Company's eligibility for private placement of corporate bonds; to consider plan for private placement of corporate bonds; to consider full authorization to the board to handle matters regarding the private placement of corporate bonds; and to consider other matters. Announcement • Mar 31
Konka Group Co., Ltd. Proposes Final Cash Dividend for 2021 Konka Group Co., Ltd. proposed final cash dividend of CNY 0.50000000 per ten shares (tax included) for 2021. Reported Earnings • Mar 30
Full year 2021 earnings released Full year 2021 results: Revenue: CN¥49.1b (down 2.5% from FY 2020). Net income: CN¥905.4m (up 90% from FY 2020). Profit margin: 1.8% (up from 0.9% in FY 2020). Reported Earnings • Oct 28
Third quarter 2021 earnings released: CN¥0.088 loss per share (vs CN¥0.22 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: CN¥9.82b (down 20% from 3Q 2020). Net loss: CN¥211.8m (down 141% from profit in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 110 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥6.07, the stock trades at a trailing P/E ratio of 31.2x. Average trailing P/E is 27x in the Consumer Durables industry in China. Total returns to shareholders of 51% over the past three years. Reported Earnings • Aug 30
Second quarter 2021 earnings released: EPS CN¥0.005 (vs CN¥0.13 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥12.0b (up 23% from 2Q 2020). Net income: CN¥12.6m (down 96% from 2Q 2020). Profit margin: 0.1% (down from 3.2% in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 126 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Aug 09
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥6.92, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 23x in the Consumer Durables industry in China. Total returns to shareholders of 64% over the past three years. Reported Earnings • Apr 30
First quarter 2021 earnings released: EPS CN¥0.03 (vs CN¥0.092 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥9.82b (up 26% from 1Q 2020). Net income: CN¥72.8m (up CN¥293.4m from 1Q 2020). Profit margin: 0.7% (up from net loss in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 25
Full year 2020 earnings released: EPS CN¥0.20 (vs CN¥0.088 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥50.4b (down 8.6% from FY 2019). Net income: CN¥477.6m (up 125% from FY 2019). Profit margin: 0.9% (up from 0.4% in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Mar 10
New 90-day low: CN¥5.91 The company is down 11% from its price of CN¥6.65 on 10 December 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 1.0% over the same period. Announcement • Feb 20
Konka Group Co., Ltd. to Report Fiscal Year 2020 Results on Mar 24, 2021 Konka Group Co., Ltd. announced that they will report fiscal year 2020 results on Mar 24, 2021 Is New 90 Day High Low • Feb 03
New 90-day low: CN¥6.04 The company is down 9.0% from its price of CN¥6.62 on 05 November 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 11% over the same period. Announcement • Dec 25
Chongqing Zhanlan Development Co., Ltd. entered in LOI to acquire 18% stake in Chongqing Chengda Real Estate Co., Ltd. from Konka Group Co., Ltd. (SZSE:000016) for RMB 260 million. Chongqing Zhanlan Development Co., Ltd. entered in LOI to acquire 18% stake in Chongqing Chengda Real Estate Co., Ltd. from Konka Group Co., Ltd. (SZSE:000016) for RMB 260 million on December 22, 2020. Chongqing Zhanlan Development Co., Ltd. entered into the Equity Transfer Agreement to acquire 18% stake in Chongqing Chengda Real Estate Co., Ltd. from Konka Group Co., Ltd. (SZSE:000016) for RMB 260 million on December 24, 2020. Under the terms of consideration, Chongqing Zhanlan Development Co., Ltd. paid RMB 4.8 million upon submission of the application for the bidding, RMB 11.1 million will be paid within three working days upon issuance of the equity transfer certificate and RMB 240 million will be paid within one working day from the day after execution of the Equity Transfer Agreement. The consideration will be funded partly by internal resources of the Group and partly by financing from bank and/or financial institution. As on October 31, 2020, Chongqing Chengda Real Estate Co., Ltd.’s total asset and net assets were RMB 50 million and RMB 50 million. Announcement • Dec 23
KONKA Releases the APHAEA Watch, Micro LED Watch KONKA announced that it has released the first Micro LED watch, the APHAEA Watch, at KONKA's Semiconductor Display Technology and New Product Launch Conference and 2020 Chongqing Micro LED Industry Innovation Forum. KONKA's future APHAEA series of Micro LED display products were also featured, highlighting the company's R&D strengths in micro-pitch LED display and its commitment to bringing high-precision technology to the consumer market. Valuation Update With 7 Day Price Move • Nov 06
Market bids up stock over the past week After last week's 17% share price gain to CN¥6.82, the stock is trading at a trailing P/E ratio of 43.5x, up from the previous P/E ratio of 37.3x. This compares to an average P/E of 37x in the Consumer Durables industry in China. Total returns to shareholders over the past three years were flat. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥376.9m, down 12% from the prior year. Total revenue was CN¥43.2b over the last 12 months, down 26% from the prior year. Is New 90 Day High Low • Oct 26
New 90-day low: CN¥5.97 The company is down 15% from its price of CN¥7.04 on 28 July 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 9.0% over the same period. Announcement • Sep 22
Shanghai Huaqiaocheng Investment Development Co., Ltd. agreed to acquire 51% stake in Chuzhou Kangjin Health Industry Development Co., Ltd. from Konka Group Co., Ltd. (SZSE:000016) for approximately CNY 120 million. Shanghai Huaqiaocheng Investment Development Co., Ltd. agreed to acquire 51% stake in Chuzhou Kangjin Health Industry Development Co., Ltd. from Konka Group Co., Ltd. (SZSE:000016) for approximately CNY 120 million on September 16, 2019. under the term, Shanghai Huaqiaocheng Investment Development will pay 50% of the equity transfer price before September 25, 2019 and the remaining 50% of the equity transfer price before December 25, 2019. The transaction was approved by the board of directors of Konka Group on the 15th meeting of the 9th directorate held on September 16, 2019. Announcement • Aug 11
Konka Group Co., Ltd. to Report First Half, 2020 Results on Aug 28, 2020 Konka Group Co., Ltd. announced that they will report first half, 2020 results on Aug 28, 2020 