Welcome to Skyworth

Investor Relations Financial Highlights

Amounts expressed in Renminbi (“RMB”) million (except for data per share)

Six months
period from
1 January to
30 June
2019
(unaudited)
Six months
period from
1 April to
30 September
2018
(unaudited)
Change
OPERATING RESULTS
Revenue 17,230 18,722 -8.0%
Earnings before interest and tax 785 560 +40.2%
EBITDA 1,188 879 +35.2%
Profit for the period 348 271 +28.4%
Profit attributable to owners of the Company 181 187 -3.2%
FINANCIAL POSITION
Net cash (used in) from operating activities 1,462 (2,021) -172.3%
Cash position* 4,726 4,373 +8.1%
Borrowings 6,406 6,700 -4.4%
Convertible bonds** 902 - N/A
Corporate bonds** 2,081 1,998 +4.2%
Equity attributable to owners of the Company 15,267 16,628 -8.2%
Working capital 8,191 9,558 -14.3%
Bills receivable 4,877 4,880 -0.1%
Trade receivables (excluded bills receivable) 8,963 8,844 +1.3%
Inventories 5,617 5,579 +0.7%
KEY RATIOS
Gross profit margin (%)     19.7% 18.0% +1.7pp
Earnings before interest and tax margin (%) 4.6% 3.0% +1.6pp
EBITDA margin (%)  6.9% 4.7% +2.2pp
Profit margin (%) 2.0% 1.4% +0.6pp
ROE (%)   2.4% 2.2% +0.2pp
Debt to equity (%)*** 54.3% 47.1% +7.2pp
Net debt to equity**** Net Cash Net Cash N/A
Current ratio (times) 1.4 1.5 -6.7%
Trade receivable turnover period (days)***** 160 128 +25.0%
Inventories turnover period (days) ***** 77 67 +14.9%
DATA PER SHARE (HK CENTS)
Earnings per share – Basic 5.96 6.17 -3.4%
Earnings per share – Diluted 5.90 6.17 -4.4%
Dividend per share - - -
Book value per share 564.46 602.97 -6.4%
SHARE INFORMATION AT FINANCIAL YEAR END
Skyworth Group Limited (Shares are listed in Hong Kong, stock code: 00751)
Number of shares in issue (million) 3,061 3,061 -
Market capitalisation 6,428 6,765 -5.0%
Skyworth Digital Co., Ltd.(Shares are listed in Shenzhen, stock code: 000810)
Number of shares in issue (million) 1,075 1,075 -
Market capitalisation 9,494 6,988 +35.9%
* Cash position refers to pledged bank deposits, restricted bank deposits, bank balances and cash
** Included interests payable
*** (Borrowings + corporate bonds + convertible bonds)/total equity
**** (Cash position + bills on hand – borrowings – corporate bonds – convertible bonds)/total equity
***** Calculated based on average inventory; average sum of bills receivable and trade receivables