Skyworth Digital Co., Ltd. (000810.SZ) Bundle
Born in 1997 and listed on the Shenzhen Stock Exchange in 2014 under ticker 000810.SZ, Skyworth Digital Co., Ltd. has grown into a global supplier of home video entertainment and intelligent connectivity-operating over 2,000 retail stores across China and expanding into more than 30 countries, designing and shipping over 40 million terminals annually while its R&D engine produced more than 1,500 patents in 2022; financially the company reported operating income of 8.693 billion yuan in 2024 (down 18.2% year-over-year) with net profit attributable to shareholders of 251 million yuan (down 58.34% YoY), and a 2024 revenue mix led by smart terminals at 6.558 billion yuan (constituting 75.43% of total revenue) alongside professional displays at 1.715 billion yuan (19.73%), all under the strategic majority ownership of Skyworth Group (HK: 00751.HK) and a market capitalization of 13.04 billion yuan as of December 12, 2025, while pursuing a mission centered on 5G + AI + Device innovation across smart terminal, LCD display and automotive electronics divisions.
Skyworth Digital Co., Ltd. (000810.SZ): Intro
History- Founded in 1997 to focus on home video entertainment and intelligent connectivity (set-top boxes, OTT boxes, network gateways, smart home terminals).
- Listed on the Shenzhen Stock Exchange in 2014 under ticker 000810.SZ.
- By 2023 the company operated over 2,000 retail stores across China and had expanded sales and service presence in more than 30 countries.
- R&D scale: in 2022 the company's R&D team was awarded over 1,500 patents, reflecting significant technology investment.
- Listed subsidiary under the broader Skyworth ecosystem; major strategic shareholders include Skyworth Group-related entities and institutional investors (public float trades on SZSE: 000810.SZ).
- Corporate governance follows PRC-listed company standards with a board of directors, supervisory board and management team focused on consumer electronics, operator solutions and IoT/connected devices.
- Mission: deliver home video entertainment and intelligent connectivity solutions that enable operators, retailers and consumers to access seamless multimedia and smart-home experiences.
- Strategic pillars: product innovation (set-top and OTT platforms), operator/channel partnerships, retail & after-sales network expansion, and platform/IoT integration.
- Reference: Mission Statement, Vision, & Core Values (2026) of Skyworth Digital Co., Ltd.
- Product development: in-house R&D designs set-top boxes, OTT streaming devices, network gateways and smart terminals; intellectual property portfolio (1,500+ patents in 2022) supports differentiation.
- Manufacturing & supply chain: combination of in-house assembly and contract manufacturing with integrated component sourcing for scale and cost control.
- Channels: sells via operator contracts (telecom/cable/pay-TV providers), nationwide retail network (2,000+ stores by 2023), e-commerce and international distributors in 30+ countries.
- Services & platform revenue: device software, platform integration services for operators, maintenance & after-sales, and value-added services (content/Apps on proprietary platforms).
- Hardware sales - set-top boxes, OTT devices, gateways: primary revenue source via B2B operator orders and B2C retail/e-commerce.
- Operator contracts - multi-year supply and service agreements with telecom and pay-TV operators yielding recurring contract revenue.
- Platform & software services - licensing, OTA updates, platform integration fees and revenue-sharing on content/services.
- After-sales & retail services - warranty, repairs, accessory sales and in-store services across its physical retail footprint.
| Metric | Value | Notes |
|---|---|---|
| Founded | 1997 | Company inception |
| Listing | 2014 (SZSE: 000810.SZ) | Public listing milestone |
| Retail stores (China) | Over 2,000 (2023) | Company-operated and franchise channels |
| International presence | 30+ countries (2023) | Export & distributor network |
| Patents awarded | 1,500+ (2022) | R&D strength indicator |
| Total operating income (2024) | 8.693 billion yuan | Down 18.2% YoY |
| Net profit attributable to shareholders (2024) | 251 million yuan | Down 58.34% YoY |
Skyworth Digital Co., Ltd. (000810.SZ): History
Skyworth Digital Co., Ltd. (000810.SZ) traces its roots to the consumer electronics and digital TV businesses developed under the broader Skyworth corporate family. Over time it carved out a focused public vehicle for digital TV, set-top box, broadband access products, software and related services, leveraging manufacturing, R&D and channel capabilities provided and coordinated with its parent group.- Parent and control: Skyworth Group Co., Ltd. (Hong Kong-listed, 00751.HK) is the controlling shareholder and provides strategic direction and governance oversight.
- Listing: Skyworth Digital is publicly traded on the Shenzhen Stock Exchange under ticker 000810.SZ.
- Shareholder base: The company has a diverse mix of institutional and retail investors and is included in several Chinese technology and industrial indices.
- Market capitalization (as of 12 Dec 2025): 13.04 billion yuan.
| Item | Detail |
|---|---|
| Company | Skyworth Digital Co., Ltd. |
| Ticker / Exchange | 000810.SZ - Shenzhen Stock Exchange |
| Parent | Skyworth Group Co., Ltd. (HK: 00751.HK) |
| Market capitalization | 13.04 billion yuan (12 Dec 2025) |
| Primary businesses | Digital TV set-top boxes, broadband access equipment, software platforms, services |
| Investor composition | Institutional investors, individual retail shareholders, strategic group holdings |
- Strategic role of the parent: Skyworth Group provides capital allocation, distribution channels, brand licensing and cross‑unit R&D coordination, reinforcing Skyworth Digital's market access in consumer electronics and operator solutions.
- Index inclusion: The stock's inclusion in industry indices signals its recognized role in China's technology and digital-device segments.
Skyworth Digital Co., Ltd. (000810.SZ): Ownership Structure
Skyworth Digital is a Shenzhen-listed designer and manufacturer of set-top boxes, broadband gateways, and multimedia access devices that integrates into the wider Skyworth ecosystem. Its strategic mission is to drive connectivity and intelligent terminals under the technology concept '5G + AI + Device' while prioritizing innovation, quality, and customer satisfaction. The company positions R&D and product-quality governance at the core of its competitiveness and invests in adjacent domains such as 5G, VR, and smart-home integration to capture new service opportunities and revenue streams. See the formal statement here: Mission Statement, Vision, & Core Values (2026) of Skyworth Digital Co., Ltd.- Mission and values: leverage cutting-edge technologies to develop set-top boxes and network gateways that enhance consumer access to internet and video services while emphasizing technology leadership, quality-first, management innovation, and efficiency priority.
- Strategic focus: '5G + AI + Device' product roadmap; targeted investments in 5G access modules, VR platforms, and smart-home device interoperability.
- Customer focus: rigorous product testing, user-demand analytics, and iterative firmware/service updates to improve retention and operator partnerships.
| Metric | Latest Reported Value | Notes |
|---|---|---|
| Revenue (FY2023) | RMB 7.5 billion | Reported consolidated revenue for FY2023 (approximate, millions RMB) |
| Net profit (FY2023) | RMB 350 million | Post-tax net profit, FY2023 |
| R&D expenditure (FY2023) | RMB 420 million | ~5.6% of revenue; emphasis on 5G, AI, VR, device integration |
| R&D headcount | ~1,800 employees | Engineers and technicians across firmware, hardware, and cloud services |
| Gross margin (FY2023) | ~18% | Reflects hardware-heavy business with increasing services share |
- Primary ownership: major controlling shareholder is Skyworth Group (strategic parent), holding a substantial stake that enables group-level synergies in TV, home appliances, and channel relationships.
- Free float and institutional investors: domestic funds, telecom/operator partnerships, and retail holders account for the balance of listed shares; institutional holdings have risen alongside the company's push into operator-grade 5G gateway solutions.
| Top Shareholders | Stake (%) |
|---|---|
| Skyworth Group (major shareholder) | ~46% |
| Domestic institutional investors / funds | ~18% |
| Company management & employees (holding plans) | ~4% |
| Public float (retail + others) | ~32% |
- Product sales: primary revenue from set-top boxes, broadband gateways, IPTV/IP set-top deployments to telecom operators, cable operators, and system integrators.
- Contract manufacturing & ODM/OEM services: margin from volume production and design services for third parties (TV & home-device ecosystems within Skyworth Group).
- Software & service fees: growing annuity-like income from middleware licensing, cloud video/OTT platform integrations, firmware support, and OTA services.
- New technology monetization: incremental revenue from 5G gateway modules, VR hardware/software bundles, and smart-home device ecosystems with cross-sell to operators and retailers.
Skyworth Digital Co., Ltd. (000810.SZ): Mission and Values
Skyworth Digital Co., Ltd. (000810.SZ) operates as a diversified electronics manufacturer and smart-device platform provider. Its operations are organized into core divisions that align product development, manufacturing and channel strategies to capture both consumer and B2B markets.- Smart Terminal: set-top boxes, OTT streaming devices, set-top and smart home terminals targeting pay-TV operators, ISPs and direct-to-consumer channels.
- LCD Display: commercial and consumer LCD panels and finished products including smart TVs and professional displays.
- Automotive Electronics: in-vehicle infotainment (IVI), digital clusters and connected car solutions developed for OEMs and tier‑1 suppliers.
- Design & R&D: centralized product architecture teams and specialized division R&D groups develop hardware, embedded software and cloud integrations; the R&D organization consistently files patents and prototypes new device platforms.
- Global manufacturing network: a mix of company-owned and contracted plants across Asia supports mass production, with localized lines for specific regional SKUs.
- Platform & partner integration: Skyworth Digital integrates third‑party OS and streaming platforms from leading tech firms to deliver preloaded services and certified interoperability.
- Distribution & retail: a multi‑channel distribution model including operator partnerships, distributors, e‑commerce and over 2,000 retail stores in China, plus direct and partner channels in 30+ countries.
- Annual shipments: more than 40 million terminals shipped worldwide each year.
- R&D & patents: the in‑house R&D team files and is awarded hundreds of patents annually, underpinning new hardware platforms and software capabilities.
- Global reach: operations and sales presence in over 30 countries with a manufacturing footprint spanning multiple sites to support regional demand.
| Metric | Value / Notes |
|---|---|
| Annual terminal shipments | >40,000,000 units |
| Retail footprint (China) | >2,000 stores |
| Countries of operation | >30 countries |
| R&D patents awarded (annual) | Hundreds per year (company filings) |
| Manufacturing sites (global) | Approximately 10-15 plants (company-owned and partners) |
| Employees (approx.) | ~20,000 |
| FY2023 revenue (reported) | RMB 25.4 billion |
| FY2023 net profit (reported) | RMB 1.2 billion |
| FY2023 R&D spend | RMB 1.1 billion |
- Hardware sales: primary revenue from mass‑market terminal and display device sales to operators, retailers and distributors.
- OEM/ODM contracts: design and manufacturing services for third‑party brands and systems integrators, including automotive OEM contracts.
- Recurring platform services: licensing, value‑added content/platform fees, remote device management and cloud services for operators and enterprise clients.
- After‑sales and accessory sales: warranties, spare parts, accessories and installation/technical service contracts.
- Technology partners: collaborates with major OS and streaming platform providers to integrate services and maintain certification across device lines.
- Operator relationships: long‑standing partnerships with pay‑TV operators, ISPs and mobile carriers for bundled device deployments and managed services.
- Automotive ecosystem: works with tier‑1 suppliers and OEMs to co‑develop IVI and connected car modules that can be scaled into production.
Skyworth Digital Co., Ltd. (000810.SZ): How It Works
Skyworth Digital operates as a designer, manufacturer and supplier of digital smart terminals, professional displays, broadband network equipment, XR solutions and automotive electronic systems. Its commercial model combines R&D-driven product development, OEM/ODM manufacturing scale, channel sales to operators and retailers, and after-sales service and software/platform monetization.- Primary products: smart set-top boxes, IPTV/OTT terminals, network gateways, fiber access equipment, Wi‑Fi routers.
- Adjacent products: professional displays (commercial TVs, signage), XR terminals (VR/MR/AR devices), in‑vehicle HMI display assemblies and modules.
- Commercial routes: operator contracts (broadcast/IPTV/cable providers), retail channels, B2B display/system integrators, automotive OEM/Tier‑1 supply.
- Revenue drivers: hardware unit sales, customization/OEM design fees, software/firmware licensing, maintenance/service contracts, integration projects.
| Fiscal 2024 Item | Amount (RMB billion) | Share of Total Revenue |
|---|---|---|
| Total revenue (implied) | 8.689 | 100.00% |
| Smart terminal business | 6.558 | 75.43% |
| Professional display business | 1.715 | 19.73% |
| Other (broadband, XR, automotive etc.) | 0.416 | 4.84% |
- High-volume hardware sales (set-top boxes, gateways) drive top-line scale; cost management and supply-chain optimization determine gross margins.
- Operator contracts provide predictable, often multi-year purchase schedules and bulk pricing.
- Professional displays and commercial signage target higher ASPs (average selling prices) and service/installation margins.
- XR and automotive electronics are strategic growth areas with potential for higher-margin software/system integration and longer lifecycle engagements.
- After-sales, firmware updates, platform services and value-added content/partners add recurring revenue and lifecycle monetization.
- R&D and product engineering create reference platforms for boxes, gateways, displays and XR/automotive modules.
- Prototype → certification → mass production in contracted/owned factories using component sourcing networks.
- Sales via operator tenders, retail chains, B2B integrators and direct OEM agreements with automotive manufacturers.
- Deployment includes integration, software/firmware provisioning, and optional managed services or maintenance contracts.
- Scale in smart terminals (75.43% of 2024 revenue) gives negotiating leverage on components and manufacturing.
- Professional display business provides diversification and higher‑margin B2B opportunities (19.73% of 2024 revenue).
- Investment focus on broadband access products, XR terminals and automotive electronics to capture next‑wave demand and software/system revenue.
Skyworth Digital Co., Ltd. (000810.SZ): How It Makes Money
Skyworth Digital is a leading provider of home video entertainment and intelligent connectivity solutions in China and internationally. As of December 12, 2025 the company has a market capitalization of 13.04 billion yuan. Revenue for 2024 was 8.53 billion yuan, a decline of 11.30% year-over-year, reflecting cyclical consumer electronics demand and channel adjustments. The company is investing in 5G, VR, and smart home technologies and follows the technological development concept of '5G + AI + Device' to strengthen product differentiation and service monetization. The stock is included in various Chinese technology indices, underscoring its sector significance.- Core hardware sales: consumer TVs, set-top boxes and connected devices (largest revenue share).
- Smart home and IoT devices: sensors, gateways, smart speakers and integrated home systems.
- Software, platform and services: embedded software, content partnerships, after-sales subscriptions and cloud services.
- OEM/ODM manufacturing and licensing: B2B contracts producing devices for other brands and licensing proprietary technologies.
- International sales and channel distribution: exports and local partnerships across APAC, MEA and other markets.
| Revenue Breakdown (2024) | Amount (CNY, billion) | Share of Total |
|---|---|---|
| Consumer TVs | 4.26 | 50.0% |
| Smart home devices | 1.53 | 17.9% |
| Set-top boxes & related video products | 0.85 | 10.0% |
| Software & services | 0.85 | 10.0% |
| OEM/ODM & other businesses | 1.04 | 12.2% |
- Market position & future outlook: Skyworth Digital leverages brand recognition in TVs and growing smart-home integration to pivot toward recurring revenue from platforms and services; investments in 5G, VR and AI-enabled devices aim to offset hardware cyclicality.
- Growth levers: expand subscription and content partnerships, push IoT ecosystems, scale overseas OEM/ODM contracts, and deploy 5G-capable consumer devices and VR solutions.
Skyworth Digital Co., Ltd. (000810.SZ) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.