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On October 26, Skyworth Group Co., Ltd. (stock code: 00751.HK, hereinafter referred to as "Skyworth Group") released its performance report for the nine months ending September 30, 2022. During the reporting period, the overall turnover of Skyworth Group was 38.419 billion yuan (RMB, the same below), an increase of 7.0% over the same period last year; the gross profit was 6.017 billion yuan, an increase of 3.1% over the same period last year, and the gross profit margin was 15.7%; Profit and the profit for the period attributable to the company's equity holders were 994 million yuan and 518 million yuan respectively. The company's bank balance and cash were 9.203 billion yuan, and its financial status was healthy.

According to the overall strategic plan of Skyworth Group's five-year transformation and upgrading, the group is divided into five major business segments, including: 1. Multimedia business; 2. Intelligent system technology business; 3. Smart electrical appliance business; 4. New energy business; 5. Modern service industry business.

New energy business: Revenue grows by leaps and bounds, and the "second growth curve" is beginning to emerge

In order to better reflect the expansion of the new energy business, Skyworth Group's new energy business has been divested from the multimedia business from 2022. During the current period, the turnover of the new energy business was 7.821 billion yuan, an increase from 2.19 billion yuan in the same period last year. 5.631 billion yuan, with a growth rate of 257.1%.

Under the dual benefits of the "Double Carbon" goal and the "Entire County Promotion" policy, China's domestic household distributed photovoltaic market is ushering in rapid development. In the face of huge market potential, Skyworth conforms to the general trend of modern energy, intelligent manufacturing and digital technology integration and development. The self-developed intelligent operation and maintenance system effectively integrates photovoltaic information with advanced Internet technology and digital information technology, and fully realizes household photovoltaic. Real-time digital management of the power station, so as to maximize the benefits of household photovoltaic power stations.

As of the reporting period, the total installed capacity of Skyworth’s distributed photovoltaic power plants is still one of the industry’s leaders. More than 100,000 new household photovoltaic power plants have been put into operation and connected to the grid for power generation. 150,000 seats.