Konka voluntarily delists after 34 years on the A-share market, with cumulative losses exceeding 20 billion yuan over four years

Corporate Action
โดย 红星资本局·CN·Read original
Summary · why it matters

Konka, once hailed as the king of China's national color TVs, plans to voluntarily delist after 34 years on the A-share market. On the evening of August 27, Konka announced that it intends to voluntarily withdraw its A-shares and B-shares from listing and trading on the Shenzhen Stock Exchange, and apply to transfer to the National Equities Exchange and Quotations for listing and transfer. Konka was founded in 1980 and listed in 1992. At its peak, annual TV sales exceeded 10 million units, ranking first in market share. However, in recent years it has continued to incur losses. From 2022 to 2025, net losses attributable to the parent company were 1.723 billion yuan, 2.258 billion yuan, 3.726 billion yuan, and 12.582 billion yuan respectively, with cumulative losses over four years exceeding 20 billion yuan. In July 2025, the former controlling shareholder, Overseas Chinese Town Group, transferred its shares free of charge to Panshi Runchuang under China Resources, and the actual controller was changed to the State-owned Assets Supervision and Administration Commission of the State Council. After China Resources took over, operations did not improve significantly. In the first half of 2026, revenue was 3.852 billion yuan, and the net loss attributable to the parent company was approximately 173 million yuan. To protect shareholder rights, Panshi Runchuang and Hemao Company respectively provided cash options to A-share and B-share shareholders, with exercise prices of 2.48 yuan per share and 0.73 Hong Kong dollars per share.

Impact on stocks 1

Others▼ · 1 stocks
Konka Group Co Ltd
000016
▼ NegativeCapitalrelevance

Konka plans to voluntarily delist from the Shenzhen Stock Exchange after four straight years of losses exceeding 20 billion yuan, with no operational turnaround under China Resources.

Off-coverage companies 2

磐石润创（深圳）信息管理有限公司Private± Mixed
Capitalrelevance

Panshi Runchuang, the new controlling shareholder under China Resources, provides a cash option to A-share holders at 2.48 yuan per share as part of the delisting arrangement.

合贸有限公司Private± Mixed
Capitalrelevance

Hemao Company provides a cash option to B-share shareholders at 0.73 Hong Kong dollars per share in connection with Konka's voluntary delisting.

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