Welcome to Skyworth

Investor Relations Financial Highlights

Amounts expressed in millions of Renminbi (except for data per share and items specifically stated)

For the year ended
31 December 2020
For the year ended
31 December 2019
Change
OPERATING RESULTS
Revenue 40,093 37,277 +7.6%
EBIT 2,620 2,037 +28.6%
EBITDA 3,264 2,907 +12.3%
Net Profit for the year 1,835 1,031 +78.0%
Profit attributable to owners of the Company   1,440 747 +92.8%
FINANCIAL POSITION
Net cash from operating activities 3,137 898 +249.3%
Cash position * 9,841 6,102 +61.3%
Borrowings 11,387 8,177 +39.3%
Convertible bonds (inclusive of interest) 917 927 -1.1%
Corporate bonds (inclusive of interest) 920 2,029 -54.7%
Equity attributable to owners of the Company 16,310 15,992 +2.0%
Working capital **** 11,401 7,388 +54.3%
Bills receivable 4,489 4,835 -7.2%
Trade receivables 9,162 9,430 -2.8%
Inventories 6,004 4,909 +22.3%
KEY RATIOS
Gross profit margin (%) 17.9 20.1 -2.2pp
EBIT margin (%) 6.5 5.5 +1.0pp
EBITDA margin (%)    8.1 7.8 +0.3pp
Profit margin (%) 4.6 2.8 +1.8pp
ROE (%) 8.9 4.7 +4.2pp
Debt to equity (%) ** 69.6 61.4 +8.2pp
Current ratio (times) 1.4 1.3 +7.7%
Trade receivable turnover period (days) *** 127 150 -15.3%
Inventories turnover period (days) *** 64 72 -11.1%
DATA PER SHARE
Earnings per share – Basic (RMB cents) 49.23 24.61 +100.0%
Earnings per share – Diluted (RMB cents) 44.46 24.52 +81.3%
Dividend per share (HK cents) - -  
Book value per share (RMB cents) 711.81 592.71 +20.1%
SHARE INFORMATION AT FINANCIAL YEAR END
Skyworth Group Limited (shares are listed in Hong Kong, stock code: 00751)
Number of shares in issue (million) 2,668 3,061 -12.8%
Market capitalisation (HK$ million) 5,763 6,887 -16.3%
Skyworth Digital Co., Limited (shares are listed in Shenzhen, stock code: 000810)
Number of shares in issue (million) 1,063 1,058 +0.5%
Market capitalisation (RMB million) 8,496 12,685 -33.0%
* Cash position refers to pledged bank deposits, restricted bank deposits, bank balances and cash
** (Borrowings + corporate bonds + convertible bonds)/total equity
*** Calculation based on average inventory; average sum of bills receivables and trade receivables at amortised cost and at FVTOCI
**** Excluding assets and liabilities associated with assets classified as held for sale