Welcome to Skyworth

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

2016 2015 Change
OPERATING RESULTS
Turnover 42,695 40,135 +6.4%
EBIT 3,389 4,324 –21.6%
EBITDA 4,050 4,784 –15.3%
Net profit for the period 2,527 3,350 –24.6%
Profit attributable to owners of the Company   2,170 3,128 30.6%
OPERATING RESULTS (EXCLUDING ONE-OFF GAIN)
EBIT 3,389 2,569 +31.9%
EBITDA 4,050 3,029 +33.7%
Net profit for the period 2,527 1,988 +27.1%
Profit attributable to owners of the Company   2,170 1,766 +22.9%
FINANCIAL POSITION
Net cash from operating activities 1,187 3,799 –68.8%
Cash position* 5,516 3,740 +47.5%
Bank borrowings 8,105 2,586 +213.4%
Equity attributable to owners of the Company 15,092 13,739 +9.8%
Working capital 10,675 8,992 +18.7%
Bills receivable 7,245 7,297 –0.7%
Trade receivables 5,290 5,258 +0.6%
Inventories 5,494 4,342 +26.5%
KEY RATIOS
Gross profit margin (%) 21.9% 20.0% +1.9pp
EBIT margin (%)     7.9% 10.8% –2.9pp
EBITDA margin (%)    9.5% 11.9% –2.4pp
Profit margin (%) 5.9% 8.3% –2.4pp
ROE (%) 14.4% 22.8% –8.4pp
Debt to equity (%)** 48.5% 17.0% +31.5pp
Net debt to equity*** Net Cash Net Cash N/A
Current ratio (times) 1.5 1.6 –6.3%
Trade receivable turnover period (days)**** 108 123 –12.2%
Inventories turnover period (days) **** 55 49 +12.2%
DATA PER SHARE (HK CENTS)
Earnings per share – Basic 75.89 110.71 –31.5%
Earnings per share – Diluted 74.88 110.43 –32.2%
Dividend per share (including special dividend) 24.00 24.50 –2.0%
Book value per share 568.02 533.81 +6.4%
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) 2,940 2,848 +3.2%
Market capitalisation 14,112 17,373 –18.8%
Skyworth Digital Co., Ltd.(Shares are listed in Shenzhen, stock code: 000810)
Number of shares in issue (million) 999 499 +100.2%
Market capitalisation 24,676 20,830 +18.5%
* Cash position refers to bank balances and cash and pledged bank deposits
** Bank borrowings/total equity
*** Calculation based on (cash position + bills on hand – bank borrowings)/total equity
**** Calculation based on average inventory; average sum of bills receivable and trade receivables