Skyworth Boosts Stagnant TV Business With Panasonic Deal

Benzinga_recent_news03-02

One of China's earliest tech giants has agreed to take over the North America and European sales operations for the Japanese brand Image credit: Bamboo Works Skyworth Group Ltd. (0751.HK; 000810.SZ), ...

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000810.SZ), ...</p>\n\n<a href=\"https://www.benzinga.com/Opinion/26/03/50963741/skyworth-boosts-stagnant-tv-business-with-panasonic-deal\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK0201","symbol_name":"可转债","start_time":0,"source_url":"https://www.benzinga.com/Opinion/26/03/50963741/skyworth-boosts-stagnant-tv-business-with-panasonic-deal","article_id":"2616435330","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2026/03/02/-2-3-2026-16933-thebambooworks-com.jpeg?optimize=medium&dpr=2&auto=webp&width=240"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/Opinion/26/03/50963741/skyworth-boosts-stagnant-tv-business-with-panasonic-deal","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2616435330","pubTimestamp":1772458620,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"One of China's earliest tech giants has agreed to take over the North America and European sales operations for the Japanese brand. Skyworth Group Ltd., a pioneer on China's tech scene as a leading TV maker in the 1990s, has become a company with many moving pieces lately. It was one of the first from its class when it listed in Hong Kong in 2000, and looks set to end that run with a de-listing plan announced last month.But that's hardly the end of its story. Over the years its founder, the colorful Huang Hongsheng, found himself in jail for three years for embezzlement, and has launched an electric vehicle  company since his release in 2009. He left the original Skyworth some time back, and handed it over to his son, Lin Jin, who became chairman in 2022.It's also possible the company could later re-list its TV business in","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK0201":"可转债","BK4078":"消费电子产品","BK0108":"虚拟现实","BK4115":"综合电信业务","PCRFY":"松下","BK0126":"智能电视","BK0214":"IT设备","BK4100":"有线和卫星","000810":"创维数字","TV":"墨西哥电视"},"translate_title":"创维通过松下交易提振停滞的电视业务","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TV":1.5,"PCRFY":1.5,"000810":1},"content_text":"One of China's earliest tech giants has agreed to take over the North America and European sales operations for the Japanese brand\nImage credit: Bamboo Works\nSkyworth Group Ltd. (0751.HK; 000810.SZ), a pioneer on China's tech scene as a leading TV maker in the 1990s, has become a company with many moving pieces lately. It was one of the first from its class when it listed in Hong Kong in 2000, and looks set to end that run with a de-listing plan announced last month.\nBut that's hardly the end of its story. Over the years its founder, the colorful Huang Hongsheng, found himself in jail for three years for embezzlement, and has launched an electric vehicle (EV) company since his release in 2009. He left the original Skyworth some time back, and handed it over to his son, Lin Jin, who became chairman in 2022.\nThe sale of major TV brands has been going on for quite some time now, with names like U.S.-based Zenith sold to a Korean buyer in 1995, and TCL buying France's Thomson TV brand in 2003. But Sony and Panasonic, along with South Korea's Samsung and LG, have been some of the few holdouts as Chinese brands have come to dominate the market.\nPanasonic will continue to oversee manufacturing for its TVs for now, but also appears likely to transfer a portion of that to Skyworth for its TVs sold in Europe in the future, according to Nikkei Asia.\nThe move could provide a boost for Skyworth's TV sales, which currently account for more than half of the Hong Kong-listed company's revenue under its smart household appliances segment. The TV business hasn't been providing much lift to Skyworth's top line lately, growing by around 2% year-on-year in the first half of 2025, split roughly evenly between China and international markets.\nThe privatization deal would see each current shareholder receive the equivalent of HK$10.16 in cash and shares of the new company – roughly double the HK$5.18 price where the stock was trading before a suspension pending the January announcement. The stock has rallied somewhat since then. But its latest price of around HK$7 is still well below the buyout offer value, indicating there's quite a bit of skepticism that the privatization will succeed.\nYou have to credit Lin Jin, whose family still controls 66% of Skyworth's shares, with trying to take the company in a new direction nearly four decades after his father first set up the firm in 1988. The aging Huang Hongsheng hasn't exactly been sitting idle these days either, making headlines in 2024 after claiming that driving models from his current EV venture could help lower blood pressure and improve immunity.\nThe bottom line is that Skyworth's TV business is rapidly aging after its successful run in its first 30 years. Anyone who purchased the shares for the HK$2.07 IPO price in 2000 listing would be making a decent return, increasing their investment by a factor of five if the company's buyout offer succeeds.\nIt's also possible the company could later re-list its TV business in Hong Kong if it gets a big enough boost from the Panasonic deal and finds other ways to revive the Skyworth brand. But any such move would probably be at least several years away, and a better bet for now could be Skyworth's new energy arm if it succeeds in separately listing that unit.\nTo subscribe to Bamboo Works weekly free newsletter, click here\nBenzinga Disclaimer: This article is from an unpaid external contributor. It does not represent Benzinga’s reporting and has not been edited for content or accuracy.\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2616435330","isCrawlerRequest":true}