证券代码：000016、200016 证券简称：深康佳 A、深康佳 B 公告编号：2025- 57 | 债券代码：133306、133333 债券简称：22 康佳 | | | 03、22 | 康佳 | 05 | | --- | --- | --- | --- | --- | --- | | 133759、133782 | 24 | 康佳 | 01、24 | 康佳 | 02 | | 133783、134294 | 24 | 康佳 | 03、25 | 康佳 | 01 | | 134334 | 25 | 康佳 | 03 | | | 2025 年 6 月 30 日，公司收到中国华润和华侨城集团发来的国务院国资委 《关于康佳集团股份有限公司国有股东所持股份无偿划转有关事项的批复》 （国资产权[2025]219 号）。主要内容如下：同意华侨城集团、深圳华侨城资 本投资管理有限公司分别将所持公司 52,374.6932 万股、27.5500 万股 A 股股 份无偿划转至磐石润创；同意嘉隆投资有限公司将所持公司 19,836.1110 万股 B 股股份无偿划转至合贸有限公司。本次划转完成后，公司总股本不变，其中 磐石润创持有 ...

Core Insights - The Chinese television market is experiencing a significant concentration of market share among domestic brands, with the top seven brands accounting for 92.6% of total shipments in Q1 2023, marking a historical high [1][2] Group 1: Market Performance - In Q1 2023, the total shipment volume of televisions in China reached 8.52 million units, a slight decrease of 0.6% year-on-year and an 8.9% decline compared to 2021 [1] - The top seven domestic brands, including Xiaomi, Hisense, TCL, Skyworth, Changhong, Haier, and Konka, shipped a total of 7.89 million units, representing a year-on-year growth of 2.5% [2] - Hisense and its sub-brand Vidda achieved nearly 2 million units in shipments, with a year-on-year growth of 13% [2] - TCL, including its sub-brands, saw a remarkable 37% increase in shipments, the highest growth rate in the industry [2] Group 2: Competitive Landscape - The competition among leading brands is intensifying, with the first-tier brands like Hisense and TCL maintaining strong growth, while the second-tier brands are facing pressure [3] - Huawei's shipments dropped over 50% due to internal adjustments, highlighting the need for improved sales performance post-adjustment [3] - Foreign brands like Sharp, Sony, Samsung, and Philips have seen their combined market share fall below 10%, indicating a significant decline [2][3] Group 3: Strategic Directions - Domestic brands are focusing on high-end market segments and expanding into commercial and automotive sectors, indicating a shift towards diversification [3][4] - Companies are investing in OLED and miniLED technologies and are entering vertical integration phases by expanding into display, operating systems, and chip industries [4] - As the domestic market becomes saturated, companies like Hisense and TCL are increasingly targeting international markets, with strategies aimed at significant overseas expansion [5][6]

Core Viewpoint - Deep Konka A is facing significant financial challenges, with a projected net loss for the first half of 2025, despite a slight improvement in year-on-year loss percentages. The company is struggling in both its consumer electronics and semiconductor businesses, leading to a substantial decline in revenue and profitability [1][2][3]. Financial Performance - As of July 15, Deep Konka A's stock closed at 4.98 CNY per share, down 5.14%, with a market capitalization of 12 billion CNY [1]. - The company expects a net loss of 360 million to 500 million CNY for the first half of 2025, a year-on-year improvement of 54.03% to 66.90% [1]. - For 2024, the total revenue was 11.115 billion CNY, a decrease of 37.73% from 17.849 billion CNY in 2023, with a net loss of 3.296 billion CNY, widening by 52.31% year-on-year [2][3]. - The consumer electronics segment generated 10.137 billion CNY in revenue, accounting for 91.2% of total revenue, but showed a slight decline of 0.67% year-on-year [3]. Business Challenges - The consumer electronics sector is experiencing intensified competition, and the launch of new products has not met expectations, leading to a mismatch with national subsidy policies [1]. - The semiconductor business is still in its early stages of industrialization, with revenue plummeting by 94.99% from 340 million CNY to 170 million CNY, contributing only 1.53% to total revenue [3]. - The company's asset-liability ratio reached a record high of 92.65% by the end of 2024, indicating significant debt pressure [3]. Strategic Developments - In 2023, Deep Konka A announced a new development strategy focusing on consumer electronics and semiconductors, but the operational situation continues to deteriorate [2]. - The company has undergone a significant change in ownership, with the largest shareholder transferring 30% of its shares to two wholly-owned subsidiaries of China Resources, which may impact future strategic direction [4][5]. - An industry observer noted that this could be a critical transformation opportunity for the company, emphasizing the need for effective resource allocation and reform measures from the new controlling entity [5].

Core Viewpoint - The article discusses the performance forecasts for the first half of 2025 from several companies in the display and electronics industry, highlighting both growth and challenges faced by these companies. Group 1: Visono - Visono expects revenue between 4 billion to 4.2 billion yuan, a year-on-year increase of 1.70% to 6.78% [1] - The net profit attributable to shareholders is forecasted to be a loss of 1 billion to 1.176 billion yuan, with a loss of 1.085 billion to 1.261 billion yuan after excluding non-recurring gains and losses [2] - The performance improvement is attributed to the recovery in the downstream consumer electronics sector and the increasing penetration of AMOLED in smartphones and wearables [2][3] Group 2: Tianma - Tianma anticipates a net profit of 190 million to 220 million yuan, marking a turnaround from a loss of 489.39 million yuan in the previous year, with a year-on-year growth of 138.82% to 144.95% [4][5] - The company expects a revenue growth of approximately 10% year-on-year, with non-consumer display business revenue exceeding 50% of total revenue, growing over 25% [5][6] - The profitability of the consumer display business has significantly improved due to operational efficiency and technological innovations [6] Group 3: Konka - Konka forecasts a net loss of 360 million to 500 million yuan, with a loss of 950 million to 1.1 billion yuan after excluding non-recurring items [7][8] - The company faces intensified competition in the consumer electronics sector and challenges in aligning product offerings with national subsidy policies [9] Group 4: Wog Optical - Wog Optical expects revenue between 1.15 billion to 1.32 billion yuan, a year-on-year increase of 10.36% to 26.68%, but anticipates a net loss of 65 million to 45 million yuan [10] - The company is advancing projects in new display technologies and has achieved mass production of glass-based circuit boards [10][11] Group 5: Singshan - Singshan forecasts a net profit of 160 million to 240 million yuan, a significant increase of 810.41% to 1265.61% year-on-year [12] - The growth is driven by the performance of the anode materials and polarizer businesses, supported by increased demand and product optimization [13] Group 6: Landai Technology - Landai Technology expects a net profit of 93 million to 115 million yuan, representing a year-on-year growth of 37.54% to 70.08% [14] - The company is benefiting from a recovery in the touch display industry and has improved product margins through strategic customer expansion [16] Group 7: Xiangteng New Materials - Xiangteng anticipates a net loss of 9.5 million to 13 million yuan, a decline from a profit in the previous year [17][18] - The losses are attributed to increased competition and rising costs associated with the trial production phase of its optical film devices [18]

Group 1 - The company expects a net loss for the first half of 2025, with a projected loss of 360 million to 500 million yuan, compared to a loss of 1.08758 billion yuan in the same period last year [1] - The net profit attributable to shareholders, after deducting non-recurring gains and losses, is expected to be a loss of 950 million to 1.1 billion yuan, compared to a loss of 1.1030786 billion yuan in the previous year [1] - The basic earnings per share are projected to be a loss of 0.1495 to 0.2076 yuan per share, compared to a loss of 0.4517 yuan per share in the same period last year [1] Group 2 - The consumer electronics business is facing intensified competition, with new product launches not meeting expectations and product structure not effectively aligning with national subsidy policies, leading to a continued loss in this segment [2] - The semiconductor business, despite some technological breakthroughs, remains in the early stages of industrialization and has not yet achieved scale or profitability, resulting in overall losses [2] - The company has made provisions for asset impairment based on prudence principles, contributing to the expected losses [2] - The company currently has a high level of interest-bearing debt, which adds to the financial cost burden [2] - Non-recurring gains and losses are expected to impact the net profit attributable to shareholders by 450 million to 700 million yuan, primarily due to changes in accounting for equity in Wuhan Tianyuan Group and the disposal of financial assets [2]

证券代码：000016、200016 证券简称：深康佳 A、深康佳 B 公告编号：2025-56 债券代码：133306、133333 债券简称：22 康佳 03、22 康佳 05 133759、133782 24 康佳 01、24 康佳 02 133783、134294 24 康佳 03、25 康佳 01 134334 25 康佳 03 康佳集团股份有限公司 2025 年半年度业绩预告 本公司及董事局全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、本期业绩预计情况 （一）业绩预告期间：2025 年 1 月 1 日--2025 年 6 月 30 日 | | （二）业绩预告情况：预计净利润为负值 | | | --- | --- | --- | | 项 目 | 本报告期 | 上年同期 | | 归属于上市公司 股东的净利润 | 亏损：36,000.00万元–50,000.00万元 | 亏损：108,758.18 万元 | | 扣除非经常性损 | 亏损：95,000.00万元–110,000.00万元 | 亏损：110,307.86 万元 | | 益后的净利润 | | | | ...

Group 1 - The core point of the announcement is the completion of the transfer of shares without compensation from Huazhou City Group to its subsidiary, which results in a change of the controlling shareholder of Konka Group to Panshi Run Chuang [1][2] - Huazhou City Group and its concerted parties signed an agreement to transfer all shares held in Konka Group to Panshi Run Chuang and He Mao Company, with the ultimate actual controller remaining the State-owned Assets Supervision and Administration Commission of the State Council [1][2] - After the transfer, Panshi Run Chuang holds 524.022432 million A shares, accounting for 21.76% of the total share capital of Konka Group [3] Group 2 - The anti-monopoly review by the State Administration for Market Regulation has approved the acquisition of Konka Group by China Resources Limited, allowing the company to proceed with the concentration [2] - The transfer of 523.746932 million A shares and 278.5500 million A shares from Huazhou City Group and its subsidiary to Panshi Run Chuang has been completed [3] - The transfer of 198.361110 million B shares from Jialong Investment Company to He Mao Company is still in the process of registration [3]

证券代码：000016、200016 证券简称：深康佳 A、深康佳 B 公告编号：2025-55 | 债券代码：149987、133306 债券简称：22 康佳 | | | 01、22 | 康佳 | 03 | | --- | --- | --- | --- | --- | --- | | 133333、133759 | 22 | 康佳 | 05、24 | 康佳 | 01 | | 133782、133783 | 24 | 康佳 | 02、24 | 康佳 | 03 | | 134294、134334 | 25 | 康佳 | 01、25 | 康佳 | 03 | 康佳集团股份有限公司 关于股东权益变动完成 A 股股份过户登记 暨公司控股股东变更的公告 本公司及董事局全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、本次股份无偿划转基本情况 2025 年 4 月 29 日，康佳集团股份有限公司（以下简称"公司"）接到控股 股东华侨城集团有限公司（以下简称"华侨城集团"）的通知：为推进央企之间 专业化整合，优化资源配置，华侨城集团及其一致行动人（华侨城集团的全资子 公司深圳华侨城资本 ...

债券代码:149987 债券简称:22 康佳 01 康佳集团股份有限公司 2022年面向专业投资者公开发行公司债券(第 一期) (品种一) 2025年本息兑付暨摘牌公告 本公司及全体董事、监事、高级管理人员保证公告内容的真实、准确和完整, 没有虚假记载、误导性陈述或者重大遗漏。 特别提示: 康佳集团股份有限公司(以下简称"本公司"或"公司")2022年面向专 业投资者公开发行公司债券(第一期)(品种一)(以下简称"本期债券")将 于 2025 年 7 月 14 日支付 2024 年 7 月 14 日至 2025 年 7 月 13 日期间最后一个年 度利息和本期债券本金,为确保本息兑付工作的顺利进行,现将有关事宜公告如 下: 一、本期债券基本情况 1、债券名称:康佳集团股份有限公司 2022年面向专业投资者公开发行公司 债券(第一期)(品种一) 2、债券简称及代码:债券简称为 22 康佳 01，债券代码为 149987。 3、发行主体:康佳集团股份有限公司。 4、发行总额及存续规模:发行规模及存续规模为人民币 12 亿元。 5、债券期限:3年期。 6、债券利率:票面利率为3.23%,采用单利按年计息,不计复利。 ...

Group 1 - The company successfully completed a non-public issuance of corporate bonds amounting to 790 million yuan, with a final coupon rate of 2.80% for a three-year term [1][2] - The issuance period for the bonds was from July 3, 2025, to July 4, 2025 [1] - A total of 16 investors participated in the bond issuance, all of whom met the regulatory requirements set forth by relevant authorities [2] Group 2 - The bonds were issued without participation from the underwriting institutions or their affiliates, ensuring a diverse investor base [2] - There were no subscriptions from the company's directors, supervisors, senior management, or shareholders holding more than 5% of the shares, indicating a lack of insider influence in the bond issuance [2]