Type | Public SEHK: 0751 |
---|---|
Industry | Consumer Electronics |
Founder(s) | Huang Hongsheng, Stephen Wong |
Headquarters | Shenzhen, People's Republic of China |
Key people | Zhang Xuebin, CEO, Executive Director Ms. Ding Kai, Executive Director Mr. Leung Chi Ching, Frederick, Executive Director Ms. Lin Wei Ping, Executive Director, Mr. Yang Dongwen, Executive Director Mr. Cheng Kin Chung, CIO |
Products | set-top boxes, televisions, A/V security products, mobile phones, auto electronics and precision dies |
Services | IT services |
Website | skyworth.com |
Skyworth (创维), viz. Hong Kong Skyworth Digital Holdings Co Ltd[1] (SEHK: 0751) is a Chinese holding company whose subsidiaries manufacture and sell consumer electronics[2] and upstream components[3] (i.e. LCD panels[4]), etc.
Headquartered in Nanshan High-tech Park, Shenzhen,[1] as of 2010 Skyworth has operations in Hong Kong,[5] and Inner Mongolia[6] as well as sites in in Guangdong Province at Shenzen, Guangzhou and Dongguan.[7]
Skyworth is a member of the Chinese consortium that developed the Enhanced Versatile Disc.[8]
It is also an OEM, making televisions that retail under brand names other than its own.[9]
Skyworth was established in 1988[1] or 1989[10] as Skyworth Industry Co Ltd in Hong Kong[11] by Huang Hongsheng,[10] who was later convicted of embezzlement and fraud[10] for misappropriating tens of millions of yuan from the company he founded.[12] It began manufacturing its first product, television remote controls, in 1990.[13] After obtaining the licensing in 1992,[13] the company began producing color televisions, which today remain a core product.
Hong Kong Skyworth Digital Holdings Co Ltd is incorporated in Bermuda,[3]
From 1996 to 2000 is termed by the company its "fast growth period";[9] during which it was the number four, in term of production volume, television manufacturing company in China.[9] This period of growth culminated with an IPO on the Hong Kong Stock Exchange in April 2000.[11]
After 2000, Skyworth experienced problems resulting from such quick expansion. It shuttered a small appliances unit[9] and sold to creditors an 80% equity stake in its newly minted mobile phone subsidiary for a nominal sum.[14]
The company's core products, televisions and set-top boxes, are complemented by a variety of other products and services including leasing itself property. Skyworth is among the top three television manufacturers in its largest market, China.[5]
Skyworth has experienced lower sales and tighter margins in a sector that has been slow to bring out new products. Greener LED TVs are seen as bright spot in a gloomy market.
Skyworth manufactures set-top boxes, plasma, digital high-definition projection, LCD and CRT televisions, A/V security products, mobile phones, auto electronics, precision dies and other products closely related to the digital TV industry.
Skyworth has many wholly owned subsidiaries and is partner in many joint ventures. A chart depicting its organizational structure can be found here. The below is an incomplete list.
A manufacturer of in-car AV electronics, its products include in-car LCD monitors and in-car DVD systems.[15] It is incorporated in the British Virgin Islands.[9]
A joint venture with Netac Technology, Shenzhen Coocaa Network Technology Co Ltd provides free high-definition movie and video download services.[16] The hope is to drive sales of televisions that can play video from USB flash drives.
The second biggest subsidiary of Skyworth Group Co Ltd, its focus is on set-top boxes.[17] It was created from the union of Skyworth Bandwidth Co Ltd and a Skyworth R&D team.[18] It also has made Enhanced Versatile Disc players.[19] Located in the Nanshan District of Shenzhen,[20] it operates two factories in the city, one of which is in Shiyan county in the Bao'an District of Shenzhen,[21] most probably at the Skyworth high-tech industrial park in Tangtou village. Skyworth Digital Techonology's R&D wing is also located in the Nanshan District of Shenzhen.[22]
Skyworth Group co-established Shenzhen Skyworth-RGB Electronic Co Ltd with China Shenzhen Television Company[9] or China Shenzhen Color TV Company[1] and either China National Electronic Devices Company[1] or China Electronic Component Industry Company[9] in 1993.[9]
Skyworth Marco Commercial Offshore Co Ltd is a wholly owned subsidiary invested by Skyworth in November, 2000, and tasked with the research and development, production, sale and distribution of TV and AV products for the overseas market.[5] It is a Chinese OEM/ODM[5] with operations in Shenzen and Inner Mongolia.[6]
Established in 2003, it manufacturers mobile phones.[23] Due to losses and the amount of debt it has taken on, 80% of ownership in Skyworth Mobile was sold for the nominal cost of one yuan and one Hong Kong Dollar to creditors Shenzhen Baoyi and Shine Success in 2008 with the understanding that they would inject more cash into the enterprise.[14]
Located in the Skyworth high-tech industrial park the Tangtou village of Shiyan County, Bao'an District, Shenzhen, Skyworth Precision Technology Co Ltd manufactures moulds for use in the injection molding of parts for household appliances, automobile components, televisions, etc.[24]
Formed in 2008 with Tripod Technology Group Inc,[25] an IT services company,[25] Skyworth TTG provides IT services to companies.
As of 2008, it had locations in the US, China, Norway, and Singapore.[25]
It helped Telenor put in place several Oracle identity management systems in 2010.[26]
A manufacturer of AV security products, including CRT CCTVs and CCD cameras,[27] it was established in 2000 or 2001 and is located in Bagualing, Futian District, Shenzhen.[27]
Other subsidiaries include: Skyworth Multimedia (Shenzhen) Co Ltd, Skyworth Photoelectric Science & Technology Co Ltd, Shenzhen Display Technology Co Ltd, Skyworth Application Electronics Co Ltd, Skyworth LCD Technology Co Ltd, Skyworth Die Plant, Skyworth Semiconductors Company, and SHENZHEN SKYWORTH QUNXIN AN FANG TECHNOLOGY CO., LTD.
Skyworth has a number of production facilities. Television productions bases are located at the New Guangming District of Shenzhen,[28] in the Hohhot Economic Development Area of Inner Mongolia,[4] at Skyworth flat display industrial park in Shiyan county of the Bao'an District, Shenzhen[23] and at the Guangzhou Economic and Technology Development Zone in Guangzhou.[4]
The company also has logistic centers in Shuangliu, Chengdu; Yichun, Jiangxi and Lishui, Nanjing.[3]
Another Skyworth-owned site is the Skyworth High-Tech Industrial Park, located in the Tangtou village of Shiyan County, Bao'an District, Shenzhen.[24]