[中报]深康佳Ｂ(200016):2023年半年度报告摘要（英文版）
Bond Code: 114894, 133003 Bond Name: 21 Konka 01, 21 Konka 02 133040, 149987 21 Konka 03, 22 Konka 01 133306, 133333 22 Konka 03, 22 Konka 05 KONKA GROUP CO., LTD. INTERIM REPORT 2023 (SUMMARY) Part I Important Notes This Summary is based on the full Interim Report. In order for a full understanding of the operating results, financial condition and future development planning of the Company, investors are kindly reminded to read the full text carefully on the media designated by the China Securities Regulatory Commission (the “CSRC”). All the Company’s directors have attended the Board meeting for the review of this Report and its summary. Independent auditor’s modified opinion: □ Applicable √ Not applicable Board-approved interim cash and/or stock dividend plan for ordinary shareholders: □ Applicable √ Not applicable The Company has no interim dividend plan, either in the form of cash or stock. Board-approved interim cash and/or stock dividend plan for preferred shareholders: □ Applicable √ Not applicable This Report and its summary have been prepared in both Chinese and English. Should there be any discrepancies or misunderstandings between the two versions, the Chinese versions shall prevail. Part II Key Corporate Information 1. Stock Profile
Indicate by tick mark whether there is any retrospectively restated datum in the table below. √ Yes □ No Reason for retrospective restatement: Change to accounting policies
financial statement presentation in which the provision is first implemented that give rise to taxable temporary differences and deductible temporary differences as a result of a single transaction to which the provision applies, the Company has adjusted the cumulative effect to retained earnings at the beginning of the earliest period of financial statement presentation and other relevant financial statement items in accordance with the said provision and Accounting Standard No. 18 for Business Enterprises—Income Tax. 3. Shareholders and Their Holdings as at the End of the Reporting Period Unit: share
The controlling shareholder remained the same in the Reporting Period. Change of the actual controller in the Reporting Period: □ Applicable √ Not applicable The actual controller remained the same in the Reporting Period. 5. Number of Preferred Shareholders and Shareholdings of Top 10 of Them □ Applicable √ Not applicable 6. Outstanding Bonds at the Date when this Report Was Authorized for Issue √ Applicable □ Not applicable (1) Basic Information of Bonds
During the Reporting Period, the Company focused on the core businesses of "Consumer Electronics + Semiconductor", adhered to professional platform-based operation, implemented lean management, advocated long-term value and worked to improve its financial results. Also, efforts were made to strengthen competitiveness in the market and accelerate the transformation from "Konka Electronics" to "Konka Technology". The Company, during the Reporting Period, promoted business restructuring by optimising part of non-core business which failed to coordinate with the main business and had low gross margin. The scale of the industry trade business dropped significantly year-on-year, resulting in a certain decrease of the Company's operating revenue. Affected by the following factors, the Company recorded a net loss attributable to its shareholders in the first half of 2023: (I) The gross margin of the colour TV business declined year-on-year, due to shrunken industry scale, increased cost of the supply chain, the product sales structure in the adjustment phase. 1. The domestic scale of the colour TV industry kept decreasing. The recovery of the domestic scale of the colour TV industry in the first half of 2023 did not meet expectations. Due to the decreased market scale, both the revenue and total gross margin of the Company's colour TV business in China fell year-on-year in the first half of 2023. 2. The increased cost of the upstream supply chain led to a decrease in the Company's gross margin in the colour TV OEM business: The first half of 2023 witnessed an increase in the income scale of the Company's colour TV OEM business. Nevertheless, the orders delivered in the period suffered from decreased gross margin, due to the increased cost of the upstream supply chain, which resulted in a decrease in the total gross margin of the Company's OEM business. 3. The product sales structure of colour TVs is in the adjustment phase. In order to keep up with market demands, for the colour TV business, the Company is gradually adjusting its product planning and sales strategies toward highly frequent demands, such as big screens, high fresh rates, and new display technologies. (Big screens are bigger than 65 inches (inclusive). High fresh rates exceed 120Hz (inclusive). Examples of new display technologies are Micro LEDs and Mini LEDs.) Even so, the sales scale and total gross margin of the colour TV business were influenced, as new colour TV products were in the introduction phase and marketing strategies were in the adjustment phase in the first half of 2023. (II) The Company's semiconductor business was still at the initial phase of industrialisation during the Reporting Period. In other words, the output did not meet the requirements in scale and benefits, which affected the Company's overall operating profit. (III) Income was gained from the Company's projects in the industrial parks in Shangrao City, Jiangxi Province, Shaoxing City, Zhejiang Province, and Yibin City, Sichuan Province in the first half of 2023. The Company reduced its business in industrial parks in this period, in combination of its development strategies and the macro-economic environment. Therefore, the relevant income decreased year-on-year. The Board of Directors Konka Group Co., Ltd. 25 August 2023 中财网
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