Welcome to Skyworth

Amount expressed in HK$ million (except for share data)

2017 2016 Change
OPERATING RESULTS
Revenue 42,845 42,695 +0.4%
EBIT 2,339 3,389 –31.0%
EBITDA 3,040 4,050 –24.9%
Net Profit for the year 1,529 2,527 –39.5%
Profit attributable to owners of the Company   1,310 2,170 –39.6%
FINANCIAL POSITION
Net cash from operating activities 449 1,187 –62.2%
Cash position* 5,105 5,516 –7.5%
Borrowings 7,992 8,105 –1.4%
Equity attributable to owners of the Company 15,479 15,092 +2.6%
Working capital 9,298 10,675 –12.9%
Bills receivable 6,477 7,245 –10.6%
Trade receivables 5,671 5,290 +7.2%
Inventories 6,666 5,494 +21.3%
KEY RATIOS
Gross profit margin (%) 20.0 21.9 –1.9pp
EBIT margin (%)     5.5 7.9 –2.4pp
EBITDA margin (%)    7.1 9.5 –2.4pp
Profit margin (%) 3.6 5.9 –2.3pp
ROE (%) 8.5 14.4 –5.9pp
Debt to equity (%)** 47.5 48.5 –1.0pp
Net debt to equity*** Net Cash Net Cash N/A
Current ratio (times) 1.4 1.5 –6.7%
Trade receivable turnover period (days)**** 105 108 –2.8%
Inventories turnover period (days) **** 65 55 +18.2%
DATA PER SHARE (HK CENTS)
Earnings per share – Basic 44.64 75.89 –41.2%
Earnings per share – Diluted 44.14 74.88 –41.1%
Dividend per share 14.60 24.00 –39.2%
Book value per share 552.70 568.02 –2.7%
SHARE INFORMATION AT FINANCIAL YEAR END
Skyworth Digital Holdings Limited (Shares are listed in Hong Kong, stock code: 00751)
Number of shares in issue (million) 3,042 2,940 +3.5%
Market capitalisation 15,575 14,112 +10.4%
Skyworth Digital Co., Ltd.(Shares are listed in Shenzhen, stock code: 000810)
Number of shares in issue (million) 1,035 999 +3.6%
Market capitalisation 15,391 24,676 –37.6%
* Cash position refers to pledged bank deposits, restricted bank deposits, bank balances and cash
** Borrowings/total equity
*** Calculation based on (cash position + bills on hand – borrowings)/total equity
**** Calculation based on average inventories; average sum of bills receivable and trade receivables