Buy Or Sell Opportunity • Jul 02
Now 20% overvalued Over the last 90 days, the stock has fallen 30% to HK$4.29. The fair value is estimated to be HK$3.56, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 23%. Revenue is forecast to grow by 3.9% in 2 years. Earnings are forecast to grow by 158% in the next 2 years. Announcement • Apr 21
Skyworth Showcases Revolutionary Oled, Rgb, and Qd-Miniled Smart Tvs, Redefining Global Display Technology Skyworth featured OLED, RGB, QD-MiniLED, QLED, and wallpaper TVs, covering every technological route. The ultra-large screen TVs, with their ultra-narrow bezels and immersive sound field, provided a truly cinematic viewing experience. Skyworth's wallpaper TVs, with their ultra-thin wall-mounted design, seamlessly blended into home environments, pushing the boundaries of technological aesthetics. Visitors were particularly impressed with the perfect fit between the products and the wall. Skyworth's self-developed AI image quality chip, the products achieved industry-leading standards in color reproduction, detail performance, and eye comfort, garnering praise from both domestic and international customers. With continuous technological innovation and a deep focus on global channels, Skyworth's TVs have maintained their global competitiveness and earned a place as one of the "Top 10 Chinese Home Appliance Brands Going Global." Additionally, new products featuring dual-screen interaction, eye health protection, and intelligent interaction were on display, perfectly addressing the high-end, personalized, and scenario-based needs of global consumers. This further solidified Skyworth's leadership in the global high-end display market. New Risk • Mar 30
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 20% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin). Reported Earnings • Mar 28
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: CN¥0.18 (down from CN¥0.25 in FY 2024). Revenue: CN¥70.3b (up 8.4% from FY 2024). Net income: CN¥356.0m (down 37% from FY 2024). Profit margin: 0.5% (down from 0.9% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.7%. Earnings per share (EPS) missed analyst estimates by 54%. Revenue is forecast to grow 1.9% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Consumer Durables industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Announcement • Mar 27
Skyworth Group Limited, Annual General Meeting, May 13, 2026 Skyworth Group Limited, Annual General Meeting, May 13, 2026. Announcement • Mar 16
Skyworth Group Limited to Report Fiscal Year 2025 Results on Mar 27, 2026 Skyworth Group Limited announced that they will report fiscal year 2025 results at 12:30 PM, China Standard Time on Mar 27, 2026 Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment improves as stock rises 37% After last week's 37% share price gain to HK$7.09, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Consumer Durables industry in Hong Kong. Total returns to shareholders of 33% over the past three years. New Risk • Jan 21
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 Hong Kong stocks, typically moving 13% 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: Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Profit margins are more than 30% lower than last year (0.4% net profit margin). Board Change • Jan 21
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. 5 non-independent directors. Independent Non-Executive Director Kevin Sun was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to HK$5.18, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 9x in the Consumer Durables industry in Hong Kong. Total returns to shareholders of 30% over the past three years. New Risk • Sep 12
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 Hong Kong stocks, typically moving 11% 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: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Profit margins are more than 30% lower than last year (0.4% net profit margin). Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 35% After last week's 35% share price gain to HK$4.57, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 9x in the Consumer Durables industry in Hong Kong. Total returns to shareholders of 38% over the past three years. Reported Earnings • Aug 31
First half 2025 earnings released: EPS: CN¥0.057 (vs CN¥0.16 in 1H 2024) First half 2025 results: EPS: CN¥0.057 (down from CN¥0.16 in 1H 2024). Revenue: CN¥36.2b (up 20% from 1H 2024). Net income: CN¥125.0m (down 67% from 1H 2024). Profit margin: 0.3% (down from 1.3% in 1H 2024). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 1.1% p.a. on average during the next 2 years, while revenues in the Consumer Durables industry in Hong Kong are expected to grow by 8.4%. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. New Risk • Aug 30
New major risk - Revenue and earnings growth Earnings have declined by 9.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 9.2% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (0.9% net profit margin). Announcement • Aug 15
Skyworth Group Limited to Report First Half, 2025 Results on Aug 28, 2025 Skyworth Group Limited announced that they will report first half, 2025 results on Aug 28, 2025 Announcement • Jul 08
Skyworth Group Limited Provides Earnings Guidance for the January 1, 2025 to June 30, 2025 Skyworth Group Limited provided earnings guidance for the January 1, 2025 to June 30, 2025. For the period, the company expects net profit attributable to shareholders of the company of HKD 43,000,000 to HKD 63,000,000, decreased by: 76.35% - 65.35% as compared to the corresponding period last year. Net profit after non- recurring gain or loss Profit: HKD 37,000,000 - HKD 55,000,000, decreased by: 76.27% - 64.73% as compared to the corresponding period last year. Basic earnings per share Profit: HKD 0.0377 - HKD 0.0552. Reported Earnings • Mar 28
Full year 2024 earnings released: EPS: CN¥0.25 (vs CN¥0.43 in FY 2023) Full year 2024 results: EPS: CN¥0.25 (down from CN¥0.43 in FY 2023). Revenue: CN¥65.0b (down 5.6% from FY 2023). Net income: CN¥568.0m (down 47% from FY 2023). Profit margin: 0.9% (down from 1.6% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • Mar 27
Skyworth Group Limited, Annual General Meeting, May 23, 2025 Skyworth Group Limited, Annual General Meeting, May 23, 2025. Announcement • Mar 14
Skyworth Group Limited to Report Fiscal Year 2024 Results on Mar 27, 2025 Skyworth Group Limited announced that they will report fiscal year 2024 results on Mar 27, 2025 Announcement • Feb 03
Skyworth Group Limited Appoints Wu Qinan as Executive Director The board of directors of Skyworth Group Limited announced that Mr. Wu Qinan ("Mr. Wu") has been appointed as an executive Director of the Company with effect from 1 February 2025. Mr. Wu, aged 50, joined the Group since 2010. He is the vice president of Skyworth Group Co. Ltd. () ("Skyworth Group"), a company established in the People's Republic of China and an indirect wholly-owned subsidiary of the Company, and the general manager and a director of Skyworth Electric Co. Ltd. () ("Skyworth Electric"), a subsidiary of the Company. Apart from that, Mr. Wu is also a director of certain other subsidiaries of the Company. Mr. Wu has entered into an employment contract with Skyworth Electric for a term of 3 years commencing from 1 April 2022 to 31 March 2025, pursuant to which Mr. Wu is entitled to receive an annual salary of RMB2,000,000 and an annual bonus based on the performance of Skyworth Electric for acting as general manager and director of Skyworth Electric. Mr. Wu will continue to act as the vice president of Skyworth Group and the general manager and the director of Skyworth Electric. As advised by Mr. Wu, Mr. Wu graduated from University of Electronic Science and Technology of China with a bachelor degree in physics and electronic science and technology in 1995 and graduated from China Europe International Business School with a master degree in business administration in 2010. Mr. Wu works in the field of consumer electronics for over 20 years, and has extensive working experience in manufacturing management, product planning, marketing and business operations. Announcement • Nov 26
Skyworth Group Limited Announces Resignation of Liu Tangzhi as Executive Director and Vice Chairman, Effective 14 December 2024 Skyworth Group Limited announced that Mr. Liu Tangzhi ("Mr. Liu") has tendered his resignation as an executive Director and the Vice Chairman of the Board of the Company with effect from 14 December 2024 as he has attained the age of retirement. Pursuant to Mr. Liu's director service agreement, his term of office would come to an end on 14 December 2024. Following the resignation, he will also cease to be the director of Skyworth Group Co. Ltd., a company established in the People's Republic of China (the "PRC") and an indirect wholly-owned subsidiary of the Company, and the director of Skyworth Digital Co. Ltd., a subsidiary of the Company established in the PRC and listed on the Shenzhen Stock Exchange and a director of certain subsidiaries of the Company with effect from 14 December 2024. Upon his retirement, Mr. Liu will cease to hold any positions in the Company. New Risk • Nov 02
New major risk - Revenue and earnings growth Earnings have declined by 1.1% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 1.1% per year over the past 5 years. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to HK$3.21, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Consumer Durables industry in Hong Kong. Total returns to shareholders of 48% over the past three years. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to HK$3.52, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 9x in the Consumer Durables industry in Hong Kong. Total returns to shareholders of 78% over the past three years. Reported Earnings • Aug 28
First half 2024 earnings released: EPS: CN¥0.16 (vs CN¥0.12 in 1H 2023) First half 2024 results: EPS: CN¥0.16 (up from CN¥0.12 in 1H 2023). Revenue: CN¥30.2b (down 6.5% from 1H 2023). Net income: CN¥384.0m (up 27% from 1H 2023). Profit margin: 1.3% (up from 0.9% in 1H 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 9.5% growth forecast for the Consumer Durables industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Aug 14
Skyworth Group Limited to Report First Half, 2024 Results on Aug 27, 2024 Skyworth Group Limited announced that they will report first half, 2024 results on Aug 27, 2024 Recent Insider Transactions • Jul 21
CEO & Executive Director recently bought HK$3.0m worth of stock On the 18th of July, Chi Shi bought around 1m shares on-market at roughly HK$2.94 per share. This transaction amounted to 3.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Chi has been a buyer over the last 12 months, purchasing a net total of HK$52m worth in shares. Recent Insider Transactions • Jul 14
CEO & Executive Director recently bought HK$1.1m worth of stock On the 10th of July, Chi Shi bought around 382k shares on-market at roughly HK$2.84 per share. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Chi has been a buyer over the last 12 months, purchasing a net total of HK$47m worth in shares. Upcoming Dividend • May 21
Upcoming dividend of HK$0.05 per share Eligible shareholders must have bought the stock before 28 May 2024. Payment date: 13 June 2024. Trailing yield: 3.3%. Lower than top quartile of Hong Kong dividend payers (7.4%). Lower than average of industry peers (3.7%). Announcement • Apr 20
Skyworth Group Limited, Annual General Meeting, May 24, 2024 Skyworth Group Limited, Annual General Meeting, May 24, 2024, at 10:00 China Standard Time. Location: 5/F, United Centre, 95 Queensway, Admiralty Hong Kong Agenda: To consider and receive and adopt the audited consolidated financial statements of the Company and the reports of the directors (the ``Directors'') and the auditors (the ``Auditors'') of the Company thereon for the year ended 31 December 2023; to consider and approve a final dividend for the year ended 31 December 2023; to consider and re-elect the Directors; to consider authorise the board of Directors (the ``Board'') to fix the remuneration of Directors; to consider and re-appoint Messrs. Deloitte Touche Tohmatsu as Auditors and to authorise the Board to fix their remuneration; and to consider other business matters. Reported Earnings • Mar 27
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: CN¥0.43 (up from CN¥0.32 in FY 2022). Revenue: CN¥69.0b (up 29% from FY 2022). Net income: CN¥1.07b (up 29% from FY 2022). Profit margin: 1.5% (in line with FY 2022). Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) exceeded analyst estimates by 45%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Consumer Durables industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Mar 26
Skyworth Group Limited Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 13 June 2024 Skyworth Group Limited proposed final dividend of HKD 0.05 per share for the year ended 31 December 2023 at its shareholders' meeting to be held on 24 May 2024. Ex-dividend date: 28 May 2024. Record date: 03 June 2024. Payment date: 13 June 2024. Buy Or Sell Opportunity • Feb 28
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to HK$2.66. The fair value is estimated to be HK$3.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.7% over the last 3 years. Earnings per share has declined by 14%. Revenue is forecast to grow by 252% in a year. Earnings are forecast to grow by 9.1% in the next year. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to HK$2.41, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Consumer Durables industry in Hong Kong. Total returns to shareholders of 8.1% over the past three years. Buy Or Sell Opportunity • Jan 22
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 19% to HK$2.41. The fair value is estimated to be HK$3.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.7% over the last 3 years. Earnings per share has declined by 14%. Revenue is forecast to grow by 252% in a year. Earnings are forecast to grow by 9.1% in the next year. Recent Insider Transactions • Nov 08
CEO & Executive Director recently bought HK$6.3m worth of stock On the 2nd of November, Chi Shi bought around 2m shares on-market at roughly HK$2.88 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Chi has been a buyer over the last 12 months, purchasing a net total of HK$21m worth in shares. Reported Earnings • Oct 30
Third quarter 2023 earnings released Third quarter 2023 results: Net income: CN¥145.8m (down 19% from 3Q 2022). Revenue is forecast to grow 63% p.a. on average during the next 2 years, compared to a 9.2% growth forecast for the Consumer Durables industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Recent Insider Transactions • Oct 20
CEO & Executive Director recently bought HK$2.1m worth of stock On the 16th of October, Chi Shi bought around 696k shares on-market at roughly HK$3.05 per share. This transaction amounted to 5.6% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$4.3m. Chi has been a buyer over the last 12 months, purchasing a net total of HK$12m worth in shares. Recent Insider Transactions • Oct 10
CEO & Executive Director recently bought HK$4.3m worth of stock On the 6th of October, Chi Shi bought around 2m shares on-market at roughly HK$2.86 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Chi has been a buyer over the last 12 months, purchasing a net total of HK$7.9m worth in shares. Major Estimate Revision • Sep 01
Consensus EPS estimates fall by 56% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥72.9b to CN¥71.6b. EPS estimate also fell from CN¥0.678 per share to CN¥0.30 per share. Net income forecast to grow 62% next year vs 52% growth forecast for Consumer Durables industry in Hong Kong. Consensus price target down from HK$5.61 to HK$4.60. Share price fell 14% to HK$2.87 over the past week. Upcoming Dividend • Aug 31
Upcoming dividend of HK$0.03 per share at 1.0% yield Eligible shareholders must have bought the stock before 07 September 2023. Payment date: 22 September 2023. Trailing yield: 1.0%. Lower than top quartile of Hong Kong dividend payers (7.7%). Lower than average of industry peers (3.6%). Reported Earnings • Aug 26
First half 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.018 in 1H 2022) First half 2023 results: EPS: CN¥0.12 (up from CN¥0.018 in 1H 2022). Revenue: CN¥32.3b (up 33% from 1H 2022). Net income: CN¥302.0m (up CN¥255.0m from 1H 2022). Profit margin: 0.9% (up from 0.2% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Consumer Durables industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Aug 26
Skyworth Group Limited Declares Interim (Semi-Annual) Dividend for the Six Months Ended 30 June 2023, Payable on 22 September 2023 Skyworth Group Limited declared interim (semi-annual) dividend of HKD 0.03 per share for the six months ended 30 June 2023. Ex-dividend date: 7 September 2023. Record date: 13 September 2023. Payment date: 22 September 2023. Announcement • Aug 15
Skyworth Group Limited to Report First Half, 2023 Results on Aug 25, 2023 Skyworth Group Limited announced that they will report first half, 2023 results on Aug 25, 2023 Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to HK$4.05, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 10x in the Consumer Durables industry in Hong Kong. Total returns to shareholders of 169% over the past three years. Reported Earnings • Mar 24
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥0.32 (down from CN¥0.62 in FY 2021). Revenue: CN¥53.5b (up 5.1% from FY 2021). Net income: CN¥827.0m (down 49% from FY 2021). Profit margin: 1.5% (down from 3.2% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Consumer Durables industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 20
Skyworth Group Limited Provides Earnings Guidance for the Period from January 1, 2022 to December 31, 2022 Skyworth Group Limited provided earnings guidance for the period from January 1, 2022 to December 31, 2022. For the period, the company expects Net profit attributable to the shareholders of the listed company to be in the range of RMB 730,000,000 - RMB 910,000,000. Basic earnings per share to be in the range of RMB 0.66 - RMB 0.83. Price Target Changed • Jan 16
Price target increased to HK$5.48 Up from HK$4.97, the current price target is an average from 3 analysts. New target price is 5.4% above last closing price of HK$5.20. Stock is down 5.1% over the past year. The company is forecast to post earnings per share of CN¥0.45 for next year compared to CN¥0.62 last year. Announcement • Jan 06
SKYWORTH Brings S1, the World's First Outdoor Google TV, at CES 2023 SKYWORTH brought many of its star products to CES 2023, including the S1 Outdoor TV, the W82 Transformable OLED TV, the Q52 Mini LED TV, the G3B QLED+ TV, and the Coolita OS smart TV system, all of which were well received by the media and attendees. Mini LED and OLED technology have attracted much attention from the industry since their introduction. Due to its high peak brightness and high contrast, Mini LED is gradually winning consumer recognition and promoting the upgrade of the TV product experience. After releasing the Q72, the first SKYWORTH Smart Mini LED TV built using COG glass-based technology in 2021, SKYWORTH officially unveiled the S1, the world's first outdoor Google TV, at this year's CES. The SKYWORTH S1 has a peak brightness of 3,000 nits and a 1,400+ Mini LED full-array backlight to achieve excellent dark field and highlight performance and support high-quality image rendering even under direct sunlight. The S1 also supports Dolby Vision and HDR10 and can automatically balance the brightness and color temperature of the screen in real time using its built-in ambient light sensor, ensuring a comfortable viewing experience throughout the day. Equipped with an 8-speaker audio configuration with a total power of 100W, the SKYWORTH S1 supports Dolby Atmos, which is combined with advanced audio processing technology, and ensures that ambient noise no longer affects the audiovisual experience. Any sound on the S1, whether it is elegant guqin or orchestral music, becomes "a feast for the ears." The S1 combines stunning images and dynamic sound quality with wide viewing angles and high-speed motion picture processing to create a cinema-like experience for viewers. Its all-metal body and industry-certified high-strength screen panel also provide excellent heat dissipation, water and dust resistance, and impact resistance, allowing the S1 to withstand changing outdoor environments. SKYWORTH also showcased Coolita OS, a smart TV system for overseas markets, at CES. The system has five core advantages, including an integrated system software platform, a global online free media library, local personalized functions, intelligent content recommendations, and cloud games. The product design of Coolita OS is lighter, faster, smoother, and more convenient to help users enjoy a wider range of content. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 18% share price gain to HK$3.84, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 10x in the Consumer Durables industry in Hong Kong. Total returns to shareholders of 79% over the past three years. Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment improved over the past week After last week's 19% share price gain to HK$3.24, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 10x in the Consumer Durables industry in Hong Kong. Total returns to shareholders of 63% over the past three years. Board Change • Nov 16
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. 5 non-independent directors. Independent Non-Executive Director Clement Hung was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.069 (vs CN¥0.14 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.069 (down from CN¥0.14 in 3Q 2021). Revenue: CN¥14.2b (up 6.3% from 3Q 2021). Net income: CN¥179.0m (down 49% from 3Q 2021). Profit margin: 1.3% (down from 2.7% in 3Q 2021). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Consumer Durables industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment deteriorated over the past week After last week's 19% share price decline to HK$3.29, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Consumer Durables industry in Hong Kong. Total returns to shareholders of 64% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$2.66 per share. Major Estimate Revision • Sep 02
Consensus revenue estimates fall by 10% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥55.9b to CN¥50.1b. EPS estimate fell from CN¥0.57 to CN¥0.53 per share. Net income forecast to grow 0.4% next year vs 23% growth forecast for Consumer Durables industry in Hong Kong. Consensus price target down from HK$5.07 to HK$4.19. Share price fell 6.0% to HK$3.60 over the past week. Upcoming Dividend • Sep 01
Upcoming dividend of HK$0.03 per share Eligible shareholders must have bought the stock before 08 September 2022. Payment date: 26 September 2022. Trailing yield: 6.4%. Lower than top quartile of Hong Kong dividend payers (8.2%). Higher than average of industry peers (4.2%). Reported Earnings • Aug 28
First half 2022 earnings released: EPS: CN¥0 (vs CN¥0.15 in 1H 2021) First half 2022 results: EPS: CN¥0 (down from CN¥0.15 in 1H 2021). Net income: CN¥339.0m (down 17% from 1H 2021). Major Estimate Revision • Aug 06
Consensus revenue estimates fall by 16% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥65.3b to CN¥54.9b. EPS estimate fell from CN¥0.67 to CN¥0.56 per share. Net income forecast to shrink 4.9% next year vs 13% growth forecast for Consumer Durables industry in Hong Kong . Consensus price target of HK$5.07 unchanged from last update. Share price fell 5.7% to HK$3.47 over the past week. Recent Insider Transactions • Jul 13
Executive Vice Chairman of the Board recently sold HK$15m worth of stock On the 8th of July, Tangzhi Liu sold around 3m shares on-market at roughly HK$4.36 per share. This was the largest sale by an insider in the last 3 months. Tangzhi has been a seller over the last 12 months, reducing personal holdings by HK$22m. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improved over the past week After last week's 19% share price gain to HK$4.48, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 10x in the Consumer Durables industry in Hong Kong. Total returns to shareholders of 127% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$3.66 per share. Upcoming Dividend • May 19
Upcoming dividend of HK$0.23 per share Eligible shareholders must have bought the stock before 26 May 2022. Payment date: 13 June 2022. Trailing yield: 5.2%. Lower than top quartile of Hong Kong dividend payers (7.8%). Higher than average of industry peers (3.7%). Recent Insider Transactions Derivative • May 17
Executive Vice Chairman of the Board exercised options to buy HK$42m worth of stock. On the 10th of May, Tangzhi Liu exercised options to buy 10m shares at a strike price of around HK$2.68, costing a total of HK$27m. Since December 2021, Tangzhi's direct individual holding has decreased from 9.88m shares to . Company insiders have collectively bought HK$59m more than they sold, via options and on-market transactions, in the last 12 months. Price Target Changed • Apr 27
Price target increased to HK$5.07 Up from HK$2.90, the current price target is an average from 2 analysts. New target price is 33% above last closing price of HK$3.82. Stock is up 47% over the past year. The company is forecast to post earnings per share of CN¥0.63 for next year compared to CN¥0.62 last year.