Skyworth
| Company type | Public |
|---|---|
| Industry | Electronics, real estate |
| Founded | 1988 |
| Founder | Huang Hongsheng, Stephen Wong |
| Headquarters | Shenzhen , China |
Area served | China (including Hong Kong, Inner Mongolia, Guangdong), Mexico, Russia, United States, South Africa |
Key people | Zhang Xuebin (CEO and Executive Director) |
| Products | Televisions, set-top boxes, audio/video security devices, mobile phones, automotive electronics, electric vehicles, precision molds |
| Website | www |
Skyworth (), formally known as Skyworth Group Co., Ltd., is a Chinese holding company based in Nanshan High-tech Park, Shenzhen. Its subsidiaries are engaged in designing, producing, and marketing television sets and various other audio-visual products, alongside investments in real estate. As of 2010, Skyworth's operations extend to Hong Kong, Inner Mongolia, and several cities within Guangdong, including Shenzhen, Guangzhou, and Dongguan.
Established in 1988 by Huang Hongsheng and Stephen Wong, Skyworth positions itself as an "industry cluster" that supports multiple integrated industrial-base locations. It participates as a member of the Chinese consortium responsible for developing the Enhanced Versatile Disc. Additionally, the company functions as an OEM, manufacturing televisions for a variety of brands beyond its own label. Skyworth is publicly traded on both the Hong Kong Stock Exchange (HKEX: 0751) and Shenzhen Stock Exchange (SZSE: 000810), with Zhang Xuebin holding the roles of CEO and Executive Director.
The company’s product range encompasses set-top boxes, televisions, audio/video security devices, mobile phones, automotive electronics, electric vehicles, and precision molds, demonstrating its broad approach to electronics manufacturing.
History
Founded in Shenzhen in 1988, Skyworth established its Hong Kong headquarters by 1992. The group moved its main office to the newly constructed Skyworth Building in 2003.
During the period from 1996 to 2000, Skyworth grew rapidly, ranking as China's fourth-largest television manufacturer by output volume. This growth phase culminated with an initial public offering on the Hong Kong Stock Exchange in April 2000.
Following 2000, rapid expansion presented operational difficulties that led to shutting down its small appliances division and divesting an 80% share of its mobile phone business to creditors for a nominal amount.
Products
Skyworth’s primary offerings include televisions and set-top boxes, complemented by property leasing activities and major household appliances.
The company markets five distinct television series aimed at different consumer segments:
- W Series (Wonder): Comprises models such as the W82 transformable TV and the W92, an 88-inch 8K OLED TV introduced in March 2021.
- S Series (Supreme): Includes the S82, a 4K OLED television released in September 2021.
- Q Series (Quality): Features the Q72, a 4K Smart MiniLED TV launched in September 2021.
- G Series (General): Contains the G90, a 4K OLED gaming monitor debuted in September 2021.
- A Series (Ablaze): Offers the A20 Pro, a flicker-free 4K TV with a 120 Hz refresh rate introduced in September 2021.
Subsidiaries
Skyworth maintains numerous wholly owned subsidiaries and joint ventures spanning multiple industries:
- Skyworth USA Corporation
Established its U.S. corporate branch in California during 2017 and expanded operations to South Africa in 2014.
- Shenzhen Coocaa Network Technology Co Ltd
A joint venture with Netac Technology delivering free HD movie and video downloads; introduced televisions compatible with specialized USB flash drives.
- Shenzhen Skyworth Automobile Electronics Co Ltd
Produces automotive audio-visual electronics; incorporated in the British Virgin Islands.
- Shenzhen Skyworth Digital Technology Co Ltd
The second-largest subsidiary focusing on set-top boxes and Enhanced Versatile Disc players; operates two factories plus an R&D center located in Shenzhen’s Nanshan District.
- Shenzhen Skyworth-RGB Electronics Co Ltd
Founded jointly with China Shenzhen Television Company and other partners in 1993.
- Skyworth Marco Commercial Offshore Co Ltd
A fully owned subsidiary dedicated to research & development, manufacturing, sales, and distribution of TV and AV products for international markets; manages OEM/ODM production facilities in Shenzhen and Inner Mongolia.
- Skyworth Mobile Communication (Shenzhen) Ltd
Created in 2003 to manufacture mobile phones; due to financial setbacks, sold an 80% stake to creditors in 2008 for capital restructuring purposes.
- Skyworth Precision Technology Co Ltd
Situated within Skyworth’s high-tech industrial park, this division produces molds for home appliances, automotive components, and televisions.
- Skyworth TTG Holdings Ltd
Formed in partnership with Tripod Technology Group Inc. in 2008 to provide IT services across locations including the US, China, Norway, and Singapore; notably contributed to Telenor’s Oracle identity management system deployment.
- Skyworth Qunxin Security and Protection Technology Co Ltd
Established around 2000–2001 to manufacture AV security equipment such as CRT CCTVs and CCD cameras; headquartered in Shenzhen’s Futian District.
- Other Subsidiaries
Additional affiliated companies 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, along with Shenzhen Skyworth Qunxin and Fang Technology Co Ltd.
Manufacturing locations and infrastructure
Skyworth maintains several manufacturing sites, with television production facilities situated in Shenzhen's New Guangming District, the Hohhot Economic Development Zone in Inner Mongolia, a flat panel display industrial park within Shiyan County of Bao'an District, Shenzhen, as well as in the Guangzhou Economic and Technological Development Area. Additionally, the company operates distribution hubs located in Shuangliu (Chengdu), Yichun (Jiangxi Province), and Lishui (Nanjing).
The Skyworth High-Tech Industrial Park, positioned in Tangtou village of Shiyan County, Bao'an District, Shenzhen, functions as a central hub for both manufacturing and research and development activities. On the international front, Skyworth has established offices across Mexico, Russia, and the United States.
Collaborations
In 2014, Skyworth formed a strategic alliance with UK-based Inview Technology Ltd, a company specializing in sophisticated electronic program guides (EPGs) for digital television. This partnership allowed Skyworth to provide operators with enhanced services including advertising integration, Push-VOD features, and multiscreen functionality. Inview was also responsible for creating the software platform for Skyworth's HDMI dongle device, which enables users to access video-on-demand content, live streaming services, and social media applications on any television set. This device is controlled through mobile devices utilizing gesture-based inputs.
Digital terrestrial television
Coocaa Freeview represents China's national digital terrestrial television (DTT) platform, owned by CCTV (China) and managed by China Media Group (CCTV Networks).