Konka Group Co., Ltd. (000016)
Konka (English Name: Konka) is Konka Group. Its full name is Konka Group Co., Ltd. It was founded on May 21, 1980. Its predecessor is Guangdong Guangming overseas Chinese Electronic Industry Co., Ltd. It is the first Sino foreign joint venture electronic enterprise born after China's reform and opening up. [2] In 1991, Konka was reorganized into a public joint-stock company at home and abroad; in 1992, Konka's A-share and B-share were listed on Shenzhen Stock Exchange at the same time; in 2015, Konka issued additional capital in the form of capital reserve conversion, with a registered capital of 2.408 billion yuan [5]. OCT Group is the largest shareholder of Konka [5].
In 1999, Konka Group became a local enterprise with an output value of more than 10 billion yuan in Shenzhen. In 2013, the output value exceeded 20 billion yuan. In 2017, Konka achieved a leap forward development, with a sales revenue of 31.2 billion yuan and a net profit of 5.057 billion yuan. [6] In the first half of 2018, Konka has achieved an operating revenue of 17.625 billion yuan and a total profit of 391 million yuan, with a year-on-year growth of 54.6% and 1179% respectively. It is expected to achieve an annual revenue of 50 billion yuan and a total profit of 1 billion yuan. [7]
[8-9] in 2017, Konka launched the transformation and upgrading strategy oriented by leapfrog development [10], and in 2018, Konka formally constructed the development strategy of "one core positioning, two main lines of development, three development strategies and four business groups" [11]. Based on the consumer electronics business (color TV, white TV, mobile phone), Konka has upgraded to strategic emerging industries, expanded to industrial real estate business, and extended to Internet and supply chain service business, forming a situation of coordinated development of four business groups: "industrial product business group, science and Technology Park Business group, platform service business group, and investment and finance business group". [12] We have completed the corporatization operation of multimedia color TV, mobile communication, white household appliances and other businesses [10], and newly established strategic emerging business departments such as science and Technology Industrial Park Division, semiconductor division, environmental protection science and technology division, and Supply Chain Finance Division [12]. Invest and merge many high-tech enterprises, create new business growth pole and realize diversified development.