Type Public (SEHK: 0751) Services IT services Headquarters Shenzhen, China | Industry Electronics Website skyworth.com Founded 1988 | |
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Key people Zhang Xuebin, CEO, Executive Director Products Set-top boxes, televisions, A/V security products, mobile phones, auto electronics, and precision dies Founders Stephen Wong, Huang Hongsheng | ||
Skyworth company profile
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.
Contents
- Skyworth company profile
- Introduce skyworth company
- History
- Products
- Subsidiaries
- Production bases and facilities
- Partners
- References
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.
Introduce skyworth company
History
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.
Products
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.
Subsidiaries
Skyworth has many wholly owned subsidiaries and is partner in many joint ventures. A chart depicting its organizational structure c. 2008 depicts a number of registered companies producing a plethora of products. The below is an incomplete list.
A joint venture with Netac Technology, Shenzhen Coocaa Network Technology Co Ltd provides free high-definition movie and video download services. Its first product was a television that can play video from special USB flash drives.
A manufacturer of in-car AV electronics, it is incorporated in the British Virgin Islands.
The second biggest subsidiary of Skyworth Group Co Ltd, its focus is on set-top boxes. It was created from the union of Skyworth Bandwidth Co Ltd and a Skyworth R&D team. It also has made Enhanced Versatile Disc players. Located in the Nanshan District of Shenzhen, it operates two factories in the city, one of which is in Shiyan county in the Bao'an District of Shenzhen, most probably at the Skyworth high-tech industrial park in Tangtou village. Skyworth Digital Technology's R&D wing is also located in the Nanshan District of Shenzhen.
Skyworth Group co-established Shenzhen Skyworth-RGB Electronic Co Ltd with China Shenzhen Television Company or China Shenzhen Color TV Company and either China National Electronic Devices Company or China Electronic Component Industry Company in 1993.
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. It is a Chinese OEM/ODM with operations in Shenzen and Inner Mongolia.
Established in 2003, it manufacturers mobile phones. Due to losses and the amount of debt it had 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.
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.
Formed in 2008 with Tripod Technology Group Inc, an IT services company, Skyworth TTG provides IT services to companies.
As of 2008, it had locations in the US, China, Norway, and Singapore.
It helped Telenor put in place several Oracle identity management systems in 2010.
A manufacturer of AV security products, including CRT CCTVs and CCD cameras, it was established in 2000 or 2001 and is located in Bagualing, Futian District, Shenzhen.
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.
Production bases and facilities
Skyworth has a number of production facilities. Television productions bases are located at the New Guangming District of Shenzhen, in the Hohhot Economic Development Area of Inner Mongolia, at a flat display industrial park in the Shiyan county of the Bao'an District, Shenzhen, and at the Guangzhou Economic and Technology Development Zone in Guangzhou.
The company also has logistic centers in Shuangliu, Chengdu; Yichun, Jiangxi; and Lishui, Nanjing.
Another Skyworth-owned site is the Skyworth High-Tech Industrial Park, located in the Tangtou village of Shiyan County, Bao'an District, Shenzhen.
While its main manufacturing occurs in China, Skyworth may have a preference for less-easily breached, overseas R&D centers. These include offices in Hong Kong and Silicon Valley, in the US state of California. Shenzhen is also site for R&D efforts.
Partners
In 2014 their partners included: Inview Technology Ltd, a UK based company specialising in advanced EPGs for digital TV. Skyworth announced that they will be offering operators a number of Inview’s services including advertising, Push-VOD and multiscreen. Inview has also developed the software platform for Skyworth’s HDMI dongle that allows users to view content such as VOD, live streamed channels and social networking apps on any television, controlled by their mobile phones. The TV provides the content and the mobile device provides gesture input.