Four days after the "National Subsidy" was implemented in 2025, there was an explosion in online Orders for Consumer Electronics, while offline Dealers increased efforts to expand discount ranges. | Frontline
① Four days after the national subsidies were implemented, sales of Consumer Electronics products such as mobile phones and wristbands on major e-commerce platforms increased by over 200%. ② Industry insiders believe that the boost in mobile phone sales will drive growth in upstream supply chain Orders.
Skyworth Digital to See 2024 Profit Slide Up to 65%
SKYWORTH GROUP (00751.HK) subsidiary Skyworth Digital forecasts a 52%-65% decline in full-year profits.
SKYWORTH GROUP (00751.HK) announced that its subsidiary Skyworth Digital (000810.SZ) issued a profit warning, expecting a profit of between 0.21 billion and 0.29 billion yuan for the fiscal year 2024, a decline of 51.8%-65.1% compared to the previous year. This is mainly due to market competition affecting the significant drop in sales prices of smart terminal products, and pressure on the small- and medium-sized display module business, leading to declines in revenue and gross margin.
SKYWORTH GROUP (00751): Skyworth Digital (000810.SZ) expects a year-on-year decrease in net income attributable to the parent company of 65.12%–51.83% for the 2024 fiscal year.
SKYWORTH GROUP (00751) announced that Skyworth Digital (000810.SZ) is expected to belong to the year 2024...
SKYWORTH GROUP: OVERSEAS REGULATORY ANNOUNCEMENT - ESTIMATED 2024 ANNUAL RESULTS OF SKYWORTH DIGITAL CO., LTD.
Multiple bullish factors have boosted some Home Appliances stocks, with JS GLOBAL LIFE cumulatively rising over 20% in the past four days, and the home appliance subsidy policy has been implemented.
① What categories are covered by the appliance subsidy policy implemented this year, and how are the subsidy standards and amounts set? ② Under the promotion of the exchange policy, how do Institutions view the future performance of Home Appliances?
Skyworth Group's Unit to Sell 50.5% Stake in Consumer Electronic Products Firm for 300 Million Yuan
Skyworth Group Executes Strategic Equity Transfer in Display Technology Subsidiary
SKYWORTH GROUP (00751) plans to transfer a total of 30% equity in SKYWORTH Display Technology.
SKYWORTH GROUP (00751) announced that on January 15, 2025, the company's indirectly wholly-owned subsidiary Shenzhen SKYWORTH...
The Ministry of Commerce announced that policies such as trade-in for new products have driven related sales exceeding 1.3 trillion yuan.
The State Council Information Office held a series of press conferences on the achievements of high-quality economic development in China, introducing the situation regarding business work services for high-quality development. Li Yongzhu, Deputy Representative for International Trade Negotiations of the Ministry of Commerce, stated that domestic consumption grew steadily last year. In the first 11 months, the total retail sales of consumer goods reached 44.3 trillion yuan, a growth of 3.5%. Li Yongzhu pointed out that policies like replacing old products with new ones drove sales of automobiles, household appliances, and home renovation and kitchen products to exceed 1.3 trillion yuan (RMB). Among them, green and smart products are particularly popular, especially new energy vehicles, first-level energy-consuming household appliances, smart home products, and so on. From the perspective of service consumption, with the
Home Appliances stocks generally declined, with HAIER SMARTHOME (06690) dropping by 5.5%. Morgan Stanley lowered its growth forecast for the Home Appliances industry for this year and downgraded the ratings of several Chinese home appliance companies.
Jinwu Finance News | Home Appliances stocks fell broadly, HAIER SMARTHOME (06690) dropped by 5.5%, SKYWORTH GROUP (00751) fell by 2.53%, HISENSE HA (00921) decreased by 2.45%, and TCL ELECTRONICS (01070) dropped by 1.03%. JPMorgan stated that China's extension and expansion of the old-for-new appliance replacement policy is a positive policy action, but Home Appliances stocks outperformed the market by 25% last year and the PE has risen to a projected PE of 11.1 times after re-evaluation. Attention to market expectations may be overly optimistic. The bank has lowered its growth forecast for China's Home Appliances industry this year to 5%, below the market expectation of 9% to 12%, meaning
Hong Kong stocks fluctuating | Home Appliances stocks declined during the session as market expectations may be overly optimistic. Morgan Stanley lowers the growth forecast for China's Home Appliances Industry.
The Home Appliances stocks fell during the session. As of the time of publication, HAIER SMARTHOME (06690) dropped 4.55%, priced at 25.15 Hong Kong dollars; HISENSE HA (00921) decreased by 2.26%, priced at 25.9 Hong Kong dollars; SKYWORTH GROUP (00751) fell 2.17%, priced at 2.71 Hong Kong dollars.
Skyworth Group's Unit to Continue Supply of Electronic Products to Shenzhen Xiaopai Technology
Skyworth Group's Subsidiary to Sell Automobile Parts
Skyworth Group Announces New Framework Agreement for Product Supply
SKYWORTH GROUP (00751.HK) subsidiary signs a framework agreement with Xiaopai.
On January 10th, Gelonghui reported that SKYWORTH GROUP (00751.HK) announced that on January 10, 2025, its indirectly non-wholly-owned subsidiary Digital Technology has entered into a framework agreement with Xiaopai, under which Digital Technology will provide products manufactured/purchased by it to Xiaopai from January 10, 2025, until December 31, 2025. The purpose of entering into this framework agreement is to continue the existing business transactions between Digital Technology and Xiaopai under the previous framework agreement, which expired on December 31, 2024.
National Development and Reform Commission: The subsidy for replacing old with new home appliance products has increased to 12 categories, and subsidies for purchasing new digital products like mobile phones have been introduced.
Zhao Chenxin, Deputy Director of the National Development and Reform Commission, stated at the State Council's regular press conference that the number of home appliance products eligible for the old-for-new subsidy has increased from 8 categories last year to 12 categories, with a maximum subsidy of 20% of the sales price for each item. Considering the actual needs of households, the maximum number of air conditioning products that each Consumer can purchase with a subsidy has been increased from one to three. In particular, to meet public expectations, subsidies for purchasing new mobile phones and other digital products will be implemented. Additionally, strong support will continue for the replacement of home decoration consumer goods and the old-for-new scheme for electric bicycles.
January 3 repurchase collection | TENCENT, HSBC Holdings, and others have repurchased shares, with TENCENT spending 0.701 billion Hong Kong dollars.
According to a document disclosed by HKEX on January 6, TENCENT (00700.HK), HSBC Holdings (00005.HK), and others have repurchased shares. ① TENCENT (00700.HK) repurchased 1.69 million ordinary shares on January 3, involving an amount of 0.701 billion Hong Kong dollars, with a repurchase price ranging from 418.6 Hong Kong dollars to 411.2 Hong Kong dollars per share. Since the repurchase authorization resolution, the cumulative number of repurchased securities is 0.234 billion shares, accounting for 2.481% of the number of shares issued at the time the ordinary resolution was passed. ② HSBC Holdings (00005.HK) on January 2
On January 3, SKYWORTH GROUP (00751.HK) spent 2.926 million Hong Kong dollars to repurchase 0.944 million shares.
GLONGHUI announced on January 3 that SKYWORTH GROUP (00751.HK) spent HKD 2.926 million to repurchase 0.944 million shares on January 3, 2024, at a price of HKD 3.1 per share.
December 31 share buybacks | TENCENT, AIA, and others have carried out buybacks, among which TENCENT spent 0.574 billion HKD.
According to a document disclosed by HKEX on January 2, TENCENT (00700.HK), AIA (01299.HK), and others repurchased shares. ① TENCENT (00700.HK) repurchased 1.37 million ordinary shares on December 31, involving an amount of 0.574 billion HKD, with the repurchase price ranging from 421.4 HKD to 416 HKD per share.