Skyworth
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| Public (: 0751) | |
| Industry | Electronics |
| Founded | 1988 |
| Founder | Huang Hongsheng, Stephen Wong |
| Headquarters | Shenzhen, Guangdong, China |
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Key people
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Zhang Xuebin, CEO, Executive Director |
| Products | Set-top boxes, televisions, A/V security products, mobile phones, auto electronics, and precision dies |
| Services | IT services |
| Website | skyworth.com |
Skyworth (Chinese: 创维), full name Hong Kong Skyworth Digital Holdings Co., Ltd., is a Chinese holding company. Its subsidiaries design, manufacture and sell televisions and audio-visual products. They also invest in properties. Headquartered in Nanshan High-tech Park, Shenzhen, as of 2010, Skyworth has operations in Hong Kong and Inner Mongolia as well as at locations like Guangdong Province at Shenzen, Guangzhou, and Dongguan.
The company refers to itself as an "industry cluster", but it may serve as an anchor for multiple integrated industrial-base sites. Skyworth is a member of the Chinese consortium that developed the Enhanced Versatile Disc. It is also an OEM, making televisions that retail under brand names other than its own.
Established in 1988, Skyworth is headquartered in Shenzhen. Hong Kong Skyworth Digital Holdings Co Ltd is incorporated in Bermuda.
From 1996 to 2000 is termed by the company its "fast growth period"; during which it was the number four, in term of production volume, television manufacturing company in China. This period of growth culminated with an IPO on the Hong Kong Stock Exchange in April 2000.
After 2000, Skyworth experienced problems resulting from such quick expansion. It shuttered a small appliances unit and sold to creditors an 80% equity stake in its newly minted mobile phone subsidiary for a nominal sum. The firm 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 a bright spot in a gloomy market.
The company's core products, televisions and set-top boxes, are complemented by a variety of other products and services including leasing itself property and major appliances.
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Wikipedia