Skyworth Digital Co Ltd

Skyworth Digital released its 2026 interim report. Net profit attributable to the parent in the first half was 162 million yuan, up 202.5% year-on-year. Operating revenue was 5.37 billion yuan, up 31.2% year-on-year. Net profit attributable to the parent after deducting non-recurring items was 136 million yuan, up 186.0% year-on-year. Net operating cash flow was negative 2.239 billion yuan, down 1029.8% year-on-year. In the second quarter, operating revenue was 2.88 billion yuan, up 25.3% year-on-year, and net profit attributable to the parent was 79.2 million yuan, up 64.1% year-on-year. As of the end of the second quarter, total assets were 14.864 billion yuan, up 26.5% from the end of the previous year, and net assets attributable to the parent were 6.578 billion yuan, up 1.1% from the end of the previous year. The company said that in the first half it actively expanded domestic and overseas markets. Its smart terminal business achieved operating revenue of 4.4 billion yuan, up 52.45% year-on-year. The NexPlayground motion-sensing game console launched in cooperation with Nex performed prominently in the North American market, with revenue up 63.12% year-on-year. The professional display business achieved operating revenue of 893 million yuan, down 13.31% year-on-year, but the automotive electronics in-vehicle display assembly business made a breakthrough, securing designated projects for more than 40 platform projects in total.

Skyworth Digital has issued an announcement, expecting net profit attributable to the parent for the first half of 2026 to be between 140 million and 180 million yuan, representing a year-on-year increase of 161.24% to 235.88%. The company also expects net profit after deducting non-recurring items to be between 115 million and 150 million yuan, up 141.90% to 215.52% year-on-year. The announcement noted that the profit growth was mainly due to an increase in smart terminal sales volume, revenue scale, and gross profit margin during the reporting period compared with the same period last year. In the first quarter of 2026, Skyworth Digital achieved revenue of 2.494 billion yuan and net profit attributable to the parent of 82.88 million yuan.