KONKA GROUP(SZ:000016) Di Yi Cai Jing Zi Xun·2026-01-17 05:57Group 1 - The core point of the article is the leadership changes at Konka, with the resignation of CEO Cao Shiping and the appointment of new executives with China Resources background, indicating a shift in management dynamics [1][2] - Konka's net profit for 2025 is expected to be negative, with a projected operating loss, following a revenue decline of 5.43% year-on-year to 7.679 billion yuan in the first three quarters of 2025, resulting in a net loss of 980 million yuan [1] - The company is reducing its investment in the Wuzhen Jiayu Fund from 200 million yuan to 130 million yuan, reflecting a contraction in investments during the period of China Resources' ownership [2] Group 2 - Konka's business includes color TVs, white goods, and PCB boards, with its sales ranking fifth in the offline market and tenth in the online market for color TVs in China in 2025 [4] - The upcoming "trade-in" subsidy policy in 2026 is expected to stimulate demand in the domestic home appliance market, although competition in the industry is intensifying [4] - The company is seeking to integrate into the China Resources system to clarify its strategy, optimize resource allocation, and enhance its technological and management capabilities [2]