Skyworth Digital Co., Ltd. (a non-wholly-owned subsidiary of Skyworth Group) released its unaudited results for the three months ended 31 March 2026.
Revenue rose 38.67% year on year to RMB 2.49 billion, driven mainly by stronger sales in smart devices and professional display products. Gross profit kept pace with sales growth, as cost of sales increased 34.56% to RMB 2.12 billion.
Profitability improved markedly: net profit attributable to shareholders expanded to RMB 82.88 million, a 1,455.79% jump from RMB 5.33 million a year earlier. Excluding non-recurring items, core net profit reached RMB 78.00 million, up 3,621.52%. Basic earnings per share advanced to RMB 0.0726 from RMB 0.0047.
Operating cash flow turned sharply negative at –RMB 1.47 billion versus an inflow of RMB 109.42 million in the prior-year period. Management attributed the swing to strategic raw-material stockpiling and higher procurement payments amid rising component prices.
On the balance-sheet side, total assets grew 14.23% since year-end 2025 to RMB 13.43 billion, with inventories expanding 49.05% to RMB 3.98 billion and prepayments up 73.74% to RMB 252.95 million. Short-term borrowings more than doubled to RMB 2.59 billion, supporting working-capital needs, while long-term borrowings were introduced at RMB 9.95 million. Owners’ equity edged up 1.27% to RMB 6.59 billion.
Non-recurring gains totaled RMB 4.88 million, mainly from government subsidies and debt-restructuring income. Finance costs narrowed by 42.34% as interest income declined and loan expenses increased.
These first-quarter figures are unaudited; the full Chinese report is available on the Shenzhen Stock Exchange’s information platform (www.cninfo.com.cn).
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