Core Viewpoint - Konka Group's major shareholder, Overseas Chinese Town Group, will transfer nearly 30% of its shares to China Resources without compensation, indicating a significant change in control and potential strategic realignment for the company [1][3]. Group 1: Shareholder Changes - Overseas Chinese Town announced the transfer of its shares to China Resources as part of a strategy to promote professional integration among state-owned enterprises [3]. - After the transfer, Overseas Chinese Town and its concerted parties will no longer hold shares in Konka, while Panshi Run Chuang and He Mao Company will collectively hold 29.999997% of the shares [3]. Group 2: Financial Performance - Konka has reported continuous losses over the past three years, with total losses amounting to 6.931 billion yuan, including losses of 1.471 billion yuan in 2022, 2.164 billion yuan in 2023, and 3.296 billion yuan in 2024 [3][4]. - The semiconductor and storage chip segment generated revenue of only 17 million yuan in 2024, a staggering decline of 94.99%, while the consumer electronics segment, which accounts for 91.2% of total revenue, saw a slight decline of 0.67% to 10.137 billion yuan [4]. Group 3: Strategic Implications - The transition to China Resources as the controlling shareholder may provide an opportunity for Konka's semiconductor business to improve, given China Resources' established presence in the semiconductor industry [5].

Core Viewpoint - Konka, once a leader in the Chinese television market, is facing significant challenges, including a substantial revenue decline and a shift in market position, necessitating a transformation to regain competitiveness [1][4][15]. Group 1: Financial Performance - In 2024, Konka reported a revenue decline of 37.73% to 11.115 billion yuan, with a net loss of 3.295 billion yuan, marking three consecutive years of negative net profit [1]. - The television business generated 5.028 billion yuan in revenue, a year-on-year increase of 6.78%, indicating it remains a significant part of Konka's operations [1]. - In Q1 2024, Konka achieved revenue of 2.544 billion yuan, a 3.32% increase, and a profit of 258 million yuan, a remarkable 141.79% year-on-year growth, representing its first quarterly profit in years [1]. Group 2: Market Position and Competition - Konka's market share has significantly declined, with major competitors like Hisense, Xiaomi, TCL, and Skyworth capturing nearly 80% of the market in 2024 [4]. - Historically, Konka held over 20% market share in the early 2000s, but has since fallen to a secondary position in the industry [2][4]. - The overall television market in China saw a slight decline in shipment volume in 2024, with a total of 35.96 million units shipped, reflecting a 1.6% decrease from 2023 [5]. Group 3: Strategic Challenges - Konka's internal strategic missteps, including a focus on diversification into sectors like semiconductors, have led to a decline in its core television business [6][15]. - The company's semiconductor business generated only 170 million yuan in revenue in 2024, accounting for just 1.53% of total revenue, highlighting the challenges in achieving scale in this sector [6]. - Konka's early emphasis on Micro LED technology has not yielded expected results, while competitors have successfully capitalized on Mini LED technology, which has seen explosive growth [8][9]. Group 4: Future Opportunities - The introduction of AI technologies in new product lines, such as the G9W Mini AI-LED television, aims to enhance market competitiveness [12]. - The growing demand for large-screen televisions presents an opportunity for Konka, with significant sales increases in 85-inch and 100-inch models [14]. - Konka is also expanding its overseas business, having established 23 new clients in 2024, indicating a strategic move towards global market penetration [14].

编号：2025-04 | | ■特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活动 | □媒体采访 □业绩说明会 | | 类别 | □新闻发布会 □路演活动 | | | □现场参观 □其他（电话调研） | | 参与单位名称及 | 深圳青朴资本管理有限公司 严朴 | | | 深圳市泽源私募基金有限公司 孙岩 | | | 识局控股有限公司 邹德琪 | | | 深圳荣信泰私募证券基金管理有限公司 曹伟 | | | 深圳市南方汇金投资管理有限公司 刘吉洪 | | 人员姓名 | 深圳市人工智能产业协会 AIGC 委员会 曾伦兴 | | | 信诚睿远企业管理咨询（深圳）有限公司 蒋艳 | | | 深圳荣信泰私募证券基金管理有限公司 万欢 | | | 北京大成（深圳）律师事务所 徐瑶 | | 时间 2025 | 年 5 月 13 日 10:00--11:30 | | 地点 | 康佳研发大厦办公楼会议室 | | 上市公司接待人 | 康佳集团证券事务代表 苗雷强先生 | | 员 | | | | 1、问：请介绍下公司彩电代工业务情况？ 答：公司在安徽滁州、广东东莞等地有多个生产基地，拥有先进的生 | ...

1、康佳集团股份有限公司（以下简称"公司"）于 2025 年 1 月 14 日披露 的《康佳集团股份有限公司发行股份购买资产并募集配套资金预案》（以下简称 "本次交易预案"）及其摘要的"重大风险提示"一节中，详细披露了本次交易 可能存在的风险因素及尚需履行的审批程序，敬请广大投资者注意投资风险。 证券代码：000016、200016 证券简称：深康佳 A、深康佳 B 公告编号：2025- 41 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 关于发行股份购买资产并募集配套资金事项的进展公告 本公司及董事局全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 公司分别于 2025 年 2 月 14 日、2025 年 3 月 14 日、2025 年 4 月 1 ...

| | ■特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活动 | □媒体采访 □业绩说明会 | | 类别 | □新闻发布会 □路演活动 | | | □现场参观 □其他（电话调研） | | 参与单位名称及 | 太平洋证券 金桐羽 | | 人员姓名 | | | 时间 | 2025 年 5 月 9 日 10:00--11:00 | | 地点 | 康佳研发大厦办公楼会议室 | | 上市公司接待人 | 康佳集团证券事务代表 苗雷强先生 | | 员 | | | | 1、问：2024 年公司的综合制造能力，是否有提升？ | | | 答：在彩电业务方面，2024 年，安徽康佳电子有限公司、东莞康佳 | | | 电子有限公司及成都康佳电子有限公司综合UPPH（单位人时产能）值分 | | | 别同比提升 20.6%、13.3%、9.6%，单台制造费用分别同比压降 16.6%、 | | | 3.2%、46%，代工业务规模同比提升 47%；在白电业务方面，2024 年，制 | | | 造基地综合UPPH值同比提升 7%，制造费用同比显著下降。 | | | 2、问：公司研发方面有何新进展？ | | | 答： ...

证券代码：000016、200016 证券简称：深康佳 A、深康佳 B 公告编号：2025-40 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 关于为全资公司提供担保的进展公告 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。 特别提示： 目前，本公司及控股子公司已审批的担保额度总金额为 2,104,900.00 万元， 占本公司最近一期经审计净资产的比例为 888.27%，本公司及控股子公司对合并 报表内单位实际提供的担保总金额为 367,558.61 万元，占本公司最近一期经审 计净资产的比例为 155.11%。针对华侨城集团有限公司对本公司融资提供的担保， 本公司实际提供的反担保金额为 800,000.00 万元，占本公司最近一期经审计净 资产的比例为 337.60%。除上述反担保外，本公司及控股子公司对合并报表外单 位提供的担保金额为 51,751.11 万元，占本公司 ...

Core Viewpoint - The company is focusing on improving its operational performance in the television and home appliance sectors through strategic initiatives and product upgrades, while also expanding its overseas business significantly. Group 1: Financial Performance - In Q1 2025, the company reported total revenue of 2.544 billion yuan, a year-on-year increase of 3.32% [8] - The net profit attributable to shareholders was 94.81 million yuan, showing a substantial year-on-year increase of 118.59% [8] - The company’s gross profit margin stood at 5.62% [8] Group 2: Business Strategy - The company is implementing a strategy focused on high-quality products, emphasizing large-screen televisions and advanced technologies like Mini LED [2] - The company is transforming its sales channels by promoting OTO (Online To Offline) and interest e-commerce to enhance synergy between different product categories [2] - The company aims to deepen professional integration and implement lean management to improve operational performance and ensure stable operations [6] Group 3: Product Development - The company launched flagship products in its television segment, including the Tianjing Mini I-LED series, and upgraded its home appliance offerings with new refrigerator and washing machine models [3] - The company introduced double-sided aluminum substrate products in its PCB business to enhance its product structure [3] Group 4: Overseas Expansion - In 2024, the company’s overseas revenue from home appliances grew by 47%, with significant increases in specific product categories: air conditioners up 85%, washing machines up 47%, freezers up 130%, and refrigerators up 22% [5] - The company successfully established its own brand business in Sri Lanka and expanded its customer base by acquiring 23 new clients in the overseas television market [5]

Group 1: Financial Performance - The total profit for the first quarter of 2025 was 258 million yuan [2] - In 2024, the overseas revenue for white goods increased by 47%, with profits rising by 51% [2] - Specific growth rates for product categories include: air conditioners up by 85%, washing machines up by 47%, freezers up by 130%, and refrigerators up by 22% [2] Group 2: Strategic Initiatives - The company is focusing on high-end products, emphasizing large-screen TVs (65 inches and above) and high refresh rates (120Hz and above) [1] - New sales channels are being developed, including OTO (Online To Offline) and interest e-commerce [1] - The company plans to deepen professional integration and implement lean management to improve operational performance [2] Group 3: Product Development - The flagship A8 and large X7 series of TV products were launched, enhancing the product lineup [2] - New white goods include 462L and 500L four-door refrigerators and a new series of washing machines [2] - The PCB business introduced double-sided aluminum substrate products to fill production gaps [2] Group 4: Future Outlook - The company is committed to resource integration with China Resources Group, although specific plans are under consideration [1] - The company will continue to monitor and disclose significant matters related to its major shareholder [3]

Core Viewpoint - The recent share transfer of nearly 30% of Shenzhen Konka Co., Ltd. to China Resources Holdings marks a significant shift in control, potentially enhancing the company's strategic direction in the semiconductor and consumer electronics sectors [1][4] Group 1: Company Background and Historical Performance - Shenzhen Konka, established in the early 1980s, was the first Sino-foreign joint venture electronics company post-reform and has over 40 years of history [2] - The company was a market leader in the television sector, achieving a revenue of over 12 billion yuan in 2015, but has seen a decline to 5.03 billion yuan by 2024 [2] - In 2017, Konka initiated a transformation strategy to diversify beyond traditional home appliances, leading to a significant drop in revenue from electronic products [2] Group 2: Recent Financial Performance - In the first quarter of 2025, Konka reported a revenue of 2.54 billion yuan, a year-on-year increase of 3.32%, with a net profit of 94.81 million yuan, marking a turnaround from a loss of 510 million yuan in the previous year [3] Group 3: Strategic Shift and Future Outlook - The company has refocused on its core businesses of consumer electronics and semiconductors, but faces challenges as its semiconductor revenue plummeted by 94.99% to 17 million yuan in 2024 [3] - The acquisition by China Resources is expected to enhance Konka's competitiveness in the semiconductor industry, leveraging synergies between the two companies [4] - A commitment has been made to avoid competition between China Resources and Konka in overlapping semiconductor sectors, ensuring a collaborative approach moving forward [4]

Core Viewpoint - The liquid crystal display (LCD) panel market is experiencing a decline in shipment volume, while the shipment area is growing due to increased demand for larger sizes. The OLED television market is showing a significant growth trend in shipment volume. LCD Panel Market Analysis - The global LCD television panel shipment volume has been decreasing, with a drop to 226 million units in 2023, but is expected to rise to 237 million units in 2024, reflecting a year-on-year growth of 5.1% [5][7] - Despite the decline in shipment volume, the global LCD television panel shipment area has increased from 162 million square meters in 2019 to an expected 175 million square meters in 2024 [7] OLED Television Market Analysis - The global OLED television shipment volume is on an upward trend, with an expected shipment of 7.09 million units in 2024, representing a substantial year-on-year increase of 34% [10][8] Competitive Landscape - In the OLED market, key players include BOE Technology Group, Visionox, and Huaxing Optoelectronics, with BOE and Visionox being prominent in China's OLED market due to their strong financial capabilities [11] - The TFT-LCD market is led by companies such as BOE, Huike, and Innolux, which have significant production capacity advantages [11]