Skyworth Group (00751) announced interim results. Profit attributable to shareholders of 624 million yuan increased 399.2% year over year

According to the Zhitong Finance App, Skyworth Group (00751) announced results for the six months ended June 30, 2026. The total turnover of the group was 38.035 billion yuan, up 4.9% year on year; profit attributable to the company's equity holders was 624 million yuan, up 399.2% year on year; profit per share was 33.05 points.

For the six months ended June 30, 2026, the mainland China market's turnover was about 27.812 billion yuan, down 1.7% from 28.29 billion yuan in the same period last year.

In the first half of 2026, the Group's smart home appliance business benefited from product structure upgrades and the continuous increase in the penetration rate of high-value-added private brands, and the overall gross profit space showed resilience; however, external factors such as tight global supply chains and tariff fluctuations still put some pressure on the costs of some electronic components and raw materials. The gross margin of Hyundai's service business increased during the same period compared to the same period last year, which provided positive support for the Group's overall gross margin. On the other hand, the new energy business is the core contribution to the Group's revenue. Although financing models and refined operations have been continuously optimized to raise the gross profit level in this period, due to its inherent business characteristics, the gross margin is still lower than the traditional home appliance business, thus diluting the Group's overall gross margin to a certain extent.