More News
MANUFACTURING | Staff Reporter, Hong Kong

Skyworth Digital net profit to soar 11% to HKD1,597m

On the back of 31% jump in revenue.

According to Maybank Kim Eng, Skyworth is scheduled to report its full-year results by end of May. It expects the company to report core net profit of HKD1,597m, up 11% YoY on the back of 31% YoY revenue growth to HKD36,927m.

Gross margin is expected to contract by 0.9ppt to 20.2% owing to the faster-thanexpected growth in overseas business (up 94% YoY). SG&A expense to sales ratio is expected to improve by 0.4ppt to 16.2% on increased sales efficiency and effective cost control.

Here's more:

TV shipments to grow in low teens. Following a 24% YoY growth in TV shipments in FY3/13, we expect FY3/14F shipments to increase by 13% YoY to 12.9m units.

Cloud TV will be a key contributor in FY3/14F, recording gross margin of 28% currently. Management expects its cloud TV penetration rate
attain 35% in FY3/14F, compared with 18% in FY3/13.

We believe FY3/14F will be a promotional year for its newly launched 4Kx2K TV, which carries a higher gross margin (above 50%) than cloud TV. Management expects the 4Kx2K TV penetration to be 5-10% by FY3/14F.  

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.