创维集团：拟回购股份、申请退市，分派「创维光伏」并将以介绍形式在香港上市

Core Viewpoint - Skyworth Group Limited is proposing a series of strategic actions including a conditional share buyback, distribution of shares in Skyworth Photovoltaic, and plans for the delisting of its shares, aimed at enhancing the value of its renewable energy segment and addressing the underperformance of its traditional smart appliance business [1][10]. Group 1: Proposed Actions - The company plans to distribute its shares in Skyworth Photovoltaic to all shareholders, contingent upon meeting certain conditions, and intends to list Skyworth Photovoltaic on the main board of the Hong Kong Stock Exchange [2][3]. - A share buyback plan is proposed under Section 99 of the Companies Ordinance, which involves the cancellation of shares in exchange for either cash at HKD 4.03 per share or new shares [2][8]. - The completion of the distribution, listing of Skyworth Photovoltaic, and share buyback plan are interdependent and expected to occur simultaneously [1][8]. Group 2: Financial Implications - The theoretical total value of the distributed Skyworth Photovoltaic shares is approximately HKD 10.16 per share, representing a premium of about 96.14% over the last closing price of HKD 5.18 [8]. - The maximum cash consideration payable by the company under this proposal is estimated at around HKD 25.57 billion, which will be financed through internal resources and/or external debt [8]. - Following the completion of these proposals, Skyworth Group will retain its remaining businesses, which include smart TVs, smart home systems, and other services, while the renewable energy segment is expected to drive future growth [10][11]. Group 3: Market Context - The traditional smart appliance and smart systems business of the group has experienced slow growth due to market saturation and increased competition, while the renewable energy segment has become a key growth driver [10]. - The global demand for photovoltaic and energy storage industries is continuously increasing, driven by energy transition policies, technological advancements, and geopolitical factors [11]. - The company aims to enhance the core competitiveness of Skyworth Photovoltaic and secure more effective financial resources for independent development through its proposed actions [10][11].