Blue Whale TMT Channel October 14thKonka group co., Ltd.(hereinafter referred to as "Konka GroupAccording to the results forecast for the first three quarters of 2021, Konka Group posted a net loss of 120-155 million yuan for shareholders of listed companies in the first three quarters, compared with a profit of 615 million yuan for the same period last year.
Among them, in the third quarter, the net loss of Konka Group belonging to the shareholders of listed companies was 2.05-240 million yuan, compared with a profit of 521 million yuan in the same period last year.
Konka Group said that during the reporting period, it implemented the long-term development strategy of "science and technology + industry + park", continuously increased investment in research and development of semiconductors and new products, enhanced its ability of independent innovation, and optimized the product structure of consumer electronics business through boutique engineering to promote business transformation and upgrading.
The announcement explained that during the reporting period, the gross profit margin of Konka Group's main business declined due to large fluctuations in raw material prices, increasingly fierce market competition, weak domestic consumption, and the continued impact of overseas epidemics on export business. and produced a loss of a certain amount. In addition, Konka Group generated a profit of about 928 million yuan from the disposal of a 51 per cent stake in Dongguan Konka Investment Co., Ltd. in the third quarter of 2020, while similar large non-recurrent gains were not included in the third quarter of 2021.