Core Viewpoint - The company reported a revenue of 2.544 billion yuan in Q1 2025, marking a year-on-year increase of 3.32% while focusing on its core business areas of Micro LED, Mini LED chips, and mass transfer technology [1] Group 1 - The company achieved a revenue of 2.544 billion yuan in Q1 2025 [1] - There was a year-on-year revenue growth of 3.32% [1] - The company is concentrating on three main business segments: Micro LED, Mini LED chips, and mass transfer technology [1] Group 2 - The company is advancing its optoelectronic business from technology research and development to industrialization [1]

Financial Performance - The company's operating revenue for Q1 2025 was ¥2,544,411,519.38, representing a 3.32% increase compared to ¥2,462,543,024.65 in the same period last year[4] - Net profit attributable to shareholders was ¥94,810,677.19, a significant turnaround from a loss of ¥510,139,620.27, marking an increase of 118.59%[4] - Basic earnings per share improved to ¥0.0394 from a loss of ¥0.2119, reflecting a 118.59% increase[4] - The weighted average return on equity rose to 4.00%, up 13.47 percentage points from -9.47% in the previous year[4] - The company reported a comprehensive income total of ¥127,727,407.67, recovering from a comprehensive loss of ¥578,570,947.28 in the previous period[19] - Net profit for the current period was ¥56,016,556.05, a significant recovery from a net loss of ¥578,857,654.44 in the previous period[19] Cash Flow - The net cash flow from operating activities improved by 26.14%, reaching -¥421,786,013.66 compared to -¥571,044,205.67 last year[4] - Operating cash inflow for the current period was CNY 2,275,645,628.61, an increase of 13.3% from CNY 2,008,089,443.72 in the previous period[20] - Net cash outflow from operating activities was CNY -421,786,013.66, an improvement from CNY -571,044,205.67 in the previous period[20] - Investment activities generated a net cash inflow of CNY 7,539,053.76, compared to a net cash outflow of CNY -265,479,143.12 in the previous period[20] - Cash inflow from financing activities totaled CNY 2,929,582,447.18, down 53.3% from CNY 6,271,997,242.01 in the previous period[20] - Net cash outflow from financing activities was CNY -647,489,256.37, a significant decrease from a net inflow of CNY 1,101,905,265.20 in the previous period[20] - The ending cash and cash equivalents balance was CNY 1,726,423,637.69, down from CNY 5,938,150,981.06 in the previous period[20] Assets and Liabilities - Total assets decreased by 2.03% to ¥29,794,490,322.41 from ¥30,412,763,900.34 at the end of the previous year[4] - Total liabilities decreased to ¥27,558,156,971.92 from ¥28,178,112,216.55, a reduction of 2.2%[15] - The equity attributable to shareholders slightly decreased by 0.08% to ¥2,367,858,699.75 from ¥2,369,668,838.10[4] Investments and Shareholder Information - The company reported a significant increase in fair value gains of 123.31%, amounting to ¥34,959,516.43 compared to a loss of ¥149,961,897.65 in the previous year[8] - The net cash flow from investing activities improved by 102.84%, reaching ¥7,539,053.76 compared to -¥265,479,143.12 last year[8] - The total number of ordinary shareholders at the end of the reporting period was 168,479[9] - The company plans to issue up to CNY 2.4 billion in corporate bonds, approved by the shareholders' meeting on September 26, 2024[12] - The company is actively pursuing a share issuance to acquire assets and raise matching funds, with ongoing audit and evaluation work[11] - The top ten shareholders hold a significant portion of shares, with the largest being Overseas Chinese Town Group holding approximately 523.75 million shares[10] Operational Costs and Expenses - Total operating costs decreased to ¥2,960,132,514.31 from ¥2,979,057,163.11, reflecting a reduction of 0.4%[18] - Research and development expenses were ¥88,625,159.20, down from ¥111,825,051.75, reflecting a decrease of 20.7%[18] Tax and Employee Payments - The company received CNY 19,214,678.82 in tax refunds, a decrease of 83.3% from CNY 115,078,788.77 in the previous period[20] - Cash paid to employees was CNY 396,324,060.42, a decrease of 16.8% from CNY 476,425,284.19 in the previous period[20] - Cash paid for taxes was CNY 95,144,477.04, down from CNY 112,876,803.64 in the previous period[20] Accounting Standards - The company did not execute the new accounting standards for the current reporting period[22]

深康佳A公告，2025年第一季度营业收入25.44亿元，同比增长3.32%。净利润9481.07万元，去年同期净 亏损5.1亿元。 ...

Industry Overview - The rise of smart TVs has revitalized the television market, integrating traditional functions with internet connectivity for multimedia playback, app downloads, and online interaction, making smart TVs a crucial link between home entertainment and the internet [1] - The number of listed companies in China's smart TV industry is significant, primarily distributed across the upstream and midstream of the industry chain [1] Company Summaries - Major listed companies in the smart TV sector include TCL Technology (000100.SZ), Hisense Visual (600060.SH), Haier Smart Home (600690.SH), Skyworth Digital (000810.SZ), Shenzhen Konka (000016.SZ), Sichuan Changhong (600839.SH), and Xiaomi Group (1810.HK) [1][2] - TCL Technology and Xiaomi Group reported substantial revenues from their smart TV businesses, with TCL generating 498.77 billion and Xiaomi 471.34 billion in the first half of 2024 [17] - Haier Smart Home leads in gross margin for smart TV business at 30.61% in the first half of 2024 [17] Financial Performance - The financial performance of listed companies in the smart TV industry shows a diverse range of revenues, with TCL Technology leading in revenue generation [4][5] - The revenue figures for the first half of 2024 for key companies include: - TCL Technology: 498.77 billion - Hisense Visual: 201.46 billion - Haier Smart Home: 1356.23 billion - Xiaomi Group: 1643.95 billion [17] Business Layout and Strategy - Most companies have a high proportion of their business focused on smart TVs, with Hisense Visual and Skyworth Digital exceeding 70% [15] - Companies are expanding their overseas markets, with Hisense Visual, Haier Smart Home, and Xiaomi Group having over 45% of their business from international markets [15] - Companies are focusing on consolidating their existing product advantages, increasing R&D investment, and embracing artificial intelligence in their business strategies [18] Competitive Landscape - The competitive landscape shows that TCL Technology and Xiaomi Group are significant players in terms of revenue, while Haier Smart Home has the highest gross margin [17] - Companies are leveraging technological innovations and market expansion strategies to enhance their competitive positions [18] Key Metrics and Rankings - TCL Technology has the highest registered capital among listed companies at approximately 1.88 billion [9] - Haier Smart Home has the largest employee count at 112,458 [11] - The number of bidding information is highest for Hisense Visual and Sichuan Changhong, each exceeding 1,000 entries [8]

Core Insights - The advertising machine industry in China is experiencing steady growth, with market size projected to reach 64.94 billion in 2023 and approximately 76.7 billion in 2024, driven by urbanization and consumption upgrades [1][10] - The industry is characterized by a comprehensive supply chain, including upstream raw materials, midstream manufacturing, and downstream applications across various sectors such as retail, transportation, and education [4][10] Industry Definition and Classification - Advertising machines are electronic devices that integrate display technology, multimedia playback, and network transmission capabilities, primarily used for displaying advertisements and information in public spaces [2] Industry Development History - The advertising machine industry in China has evolved through three stages: initial emergence in the 1990s, rapid development in the early 2000s with advancements in LCD technology, and the current phase of smart and diversified applications driven by AI and big data [6][7] Upstream Analysis - China has a significant advantage in the production of LED displays, with a market size of approximately 537 billion in 2023, growing by 8.9% year-on-year [9] - The integration of LED technology into advertising machines enhances display quality and expands application scenarios, including outdoor advertising and transportation hubs [9] Current Industry Status - The advertising machine market in China is projected to grow from 49.41 billion in 2022 to 64.94 billion in 2023, with increasing demand driven by competitive business environments and the construction of new public spaces [10][13] Downstream Analysis - The advertising industry in China is also growing, with business revenue expected to exceed 1.5 trillion in 2024, marking a 17.9% increase from the previous year, which in turn boosts demand for advertising machines [13] Key Enterprises Analysis - The competitive landscape of the advertising machine industry is diverse, with key players like AOTO Electronics, Neusoft Group, and Konka Group leveraging their strengths in technology and market experience to capture different segments [15][18][19] Future Development Trends - High resolution and refresh rates are becoming essential in advertising machines, enhancing visual appeal and advertising effectiveness [21] - The industry is moving towards greater intelligence, with advertising machines evolving into interactive platforms capable of remote management and personalized content delivery [22][23] - Industry consolidation and standardization are anticipated, with stronger companies likely to emerge through mergers and acquisitions, leading to a healthier market environment [24]

证券代码：000016、200016 证券简称：深康佳 A、深康佳 B 公告编号：2025-37 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 康佳集团股份有限公司 关于举办 2024 年度网上业绩说明会的公告 特此公告。 （二）召开方式：本次业绩说明会将采用网络远程的方式举行。 （三）参会方式：投资者可登录深圳证券交易所"互动易"网站 （http://irm.cninfo.com.cn/），进入"云访谈"栏目参与本次年度网上业绩 说明会。 （四）出席人员：公司党委书记、董事局副主席（主持工作）周彬先生，党 委副书记、董事、总裁曹士平先生，独立董事邓春华女士，财务总监聂勇先生， 董事局秘书李春雷先生。 二、征集问题事项 为充分尊重投资者，做好中小投资者保护工作，提升公司与投资者之间的交 流效率和针对性，现就公司 2024 年度网上业绩说明会提前向投资者公开征集问 题，广泛听取投资者的意见和建议。公司欢迎广大投资者于 2025 年 5 月 7 日（ ...

金融界消息 截至2025年4月21日收盘，深康佳Ａ（000016）报收于5.02元，上涨3.29%，换手率5.08%， 成交量81.10万手，成交金额4.03亿元。 资金流向方面，今日主力资金净流入4635.23万元，占比成交额11.51%。其中，超大单净流入4147.38万 元、占成交额10.3%，大单净流入487.85万元、占成交额1.21%，中单净流出流出1628.08万元、占成交 额4.04%，小单净流出3007.15万元、占成交额7.47%。 通过天眼查大数据分析，康佳集团股份有限公司共对外投资了107家企业，参与招投标项目1232次，知 识产权方面有商标信息425条，专利信息4843条，此外企业还拥有行政许可68个。 来源：金融界 深康佳A最新一期业绩显示，截至2024年报，公司营业总收入111.15亿元、同比减少37.73%，归属净利 润329558.87万元，同比减少52.31%，扣非净利润320550.41万元，同比减少9.99%，流动比率0.634、速 动比率0.493、资产负债率92.65%。 天眼查商业履历信息显示，康佳集团股份有限公司，成立于1980年，位于深圳市，是一家以从事计算 ...

| 债券简称：22 | 康佳 01 | 债券代码：149987 | | --- | --- | --- | | 债券简称：22 | 康佳 03 | 债券代码：133306 | | 债券简称：22 | 康佳 05 | 债券代码：133333 | | 债券简称：24 | 康佳 01 | 债券代码：133759 | | 债券简称：24 | 康佳 02 | 债券代码：133782 | | 债券简称：24 | 康佳 03 | 债券代码：133783 | 兴业证券股份有限公司 关于康佳集团股份有限公司 2024 年度计提减值 准备的临时受托管理事务报告 债券受托管理人：兴业证券股份有限公司 二 〇 二 五 年 四 月 一、公司债券核准及发行情况 根据中国证券监督管理委员会证监许可〔2022〕877 号文注册，康佳集团股 份有限公司（以下简称"康佳集团"或"发行人"）获准面向专业投资者公开发 行面值总额不超过 12 亿元的公司债券，采用分期发行的方式。2022 年 7 月发行 人面向专业投资者发行规模为 12 亿元的"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）"，为"22 康佳 ...

Core Viewpoint - Konka Group is focusing on green low-carbon initiatives and smart production lines to enhance consumer experience while optimizing its business structure towards consumer electronics and semiconductors by 2025 [1][2] Group 1: Business Focus and Financial Performance - In 2024, Konka Group aims to achieve a revenue of 11.115 billion yuan, with a positive net cash flow from operating activities [2] - The television segment reported a year-on-year revenue growth of 6.78% [2] Group 2: Green Transformation and Environmental Initiatives - Konka Group is committed to green production and environmental protection, implementing systems like the "Energy Saving Certification Control Procedure" to promote green product certification [2] - The company has increased investments in green low-carbon initiatives, with its subsidiary, Shaanxi Konka Smart Home Appliances Co., successfully recognized as a "Waste-Free Factory" [2][3] Group 3: Innovation in Display Technology - Konka Group launched the G9W Mini AI-LED wallpaper TV, featuring a slim design and advanced visual and audio technology [4] - The 110A8 Ultra TV won the "Best Innovative Display Application Technology" award from SID China, showcasing Konka's leadership in display technology [4] Group 4: Semiconductor Development - The semiconductor division of Konka Group is experiencing significant growth, focusing on embedded storage chips and modules, with high product yield rates of over 99.95% [5] - Konka's subsidiary, Konka Chip Cloud Semiconductor Technology (Yancheng) Co., specializes in semiconductor packaging and testing, utilizing advanced production systems [5]

彩电老大哥深康佳，麻烦缠身。 作者： Chong Lei,CFA 来源： 金角财经（ID：F-Jinjiao) 4 月 13 日，江西康佳新材料前董事长朱新明连续发布实名举报视频，剑指康佳集团现任董事长 周彬、前高管刘某涉嫌操纵上市公司业绩 ， 直指 2018 年两笔异常资金流动 ，包括 通过关联 交易虚增利润 4000 万元， 以及 有 5000 万上市公司资金经多层空壳公司转入河南农民账户。 这次举报迅速引发关注，因为 朱新明 与深康佳渊源甚深。他 是康佳集团 2018 年并购标的 " 金凤凰 " 的创始人 ，多 年前他亲手将微晶石行业龙头九江金凤凰 51% 股权售予康佳。 对于深康佳来说，这次举报可以说是 屋漏偏逢连夜雨 ，因为发生在自己走到退市边缘的敏感时 刻。 财报显示， 2024 年，深康佳归母净利润为亏损 32.96 亿元，同比扩大 52.31% 。而深康佳已 经连续亏损了三年，且亏损金额不断扩大。同时，截至去年末，深康佳的净资产只有 23.7 亿 元。 根据深交所相关退市规则，若上市公司最近一个会计年度经审计的净资产为负值，会被实施退市 风险警示。 基于这一点，参考深康佳去年亏损超过 30 亿 ...