On August 24, Skyworth Digital Co., Ltd. released its 2024 semi-annual report. During the reporting period, Skyworth Digital achieved operating income of 4.453 billion yuan, a year-on-year decrease of 13.87%; the net profit attributable to the parent company was 182 million yuan, a year-on-year decrease of 42.76%; earnings per share was 0.1593 yuan, down 42.74% year-on-year; gross profit margin was 14.51%, down 2.13% year-on-year; Net cash flow from operating activities was 330 million yuan, down 8.45% year-on-year.
Analysis of changes in relevant accounts in the financial statements
Year-on-year changes in key financial data
During the reporting period, the intelligent terminal business achieved operating income of 3.294 billion, a year-on-year decrease of 12.63%, accounting for the proportion of the company's operating income, mainly due to the market competition environment, the price of set-top box and broadband gateway products continued to decline, and the lack of consumption power led to less than expected market demand.
During the reporting period, Skyworth's digital professional display business achieved operating income of 980 million yuan, a year-on-year decrease of 21.94%, accounting for 22.01% of the company's operating income.
During the reporting period, Skyworth's on-board display business continued to obtain 18 key project designations from core customers, completed the production and sales of more than 500,000 sets of products, and achieved operating income of 689 million yuan, a year-on-year increase of 86.39%.
During the reporting period, Skyworth Digital gradually canceled and abandoned orders for mobile phone display modules, and actively developed industrial control modules (drones, POS, PDA, IOT and other businesses. Due to the fact that it takes a certain amount of time for the overall system and capacity accumulation brought about by the transformation, although the industrial control module achieved a substantial year-on-year growth in the reporting period, the revenue and gross profit margin of the mobile phone display module business orders in the first half of 2024 declined year-on-year, and the company's module business revenue reached 288 million yuan, resulting in a year-on-year decline of 64.17%. Based on the steering of industrial control modules, the company has taken active measures to further focus on the development of large-scale industries such as drones, smart homes, smart cashiers, new energy, etc., and focus on cultivating the two major industries of medical care and robotics, and strive to promote the development strategy of "three modernizations, informatization, intelligence, refinement)) + two operations, quality management + project management))". Improve efficiency and reduce costs, enhance competitiveness, improve marketing order receiving capabilities, and accelerate the technical layout and market development of new products in the industrial control and IOT industries.
During the reporting period, Skyworth's digital operation service business achieved revenue of 167 million yuan, a year-on-year increase of 33.71%, accounting for 3.74% of the company's operating income.
Composition of operating income