Skyworth
Encyclopedia
Skyworth viz. Hong Kong Skyworth Digital Holdings Co Ltd is a Chinese
holding company
whose subsidiaries manufacture and sell consumer electronics and upstream components (i.e. LCD panels), etc.
Headquartered in Nanshan High-tech Park, Shenzhen
, as of 2010 Skyworth has operations in Hong Kong
, Inner Mongolia
and sites in in Guangdong Province
at Shenzen, Guangzhou
and Dongguan
.
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.
by Huang Hongsheng, who was later convicted of embezzlement and fraud for misappropriating tens of millions of yuan from the company he founded. It began manufacturing its first product, television remote controls, in 1990. After obtaining the licensing in 1992, the company began producing color televisions, which today remain a core product.
Hong Kong Skyworth Digital Holdings Co Ltd is incorporated
in Bermuda,
on the Hong Kong Stock Exchange
in April 2000.
es, are complemented by a variety of other products and services including leasing itself property. Skyworth is among the top three television manufacturers in its largest market, China
.
es, plasma, digital high-definition projection, LCD and CRT televisions, A/V security products, mobile phones, auto electronics, precision dies and other products closely related to the digital TV industry.
in the British Virgin Islands
.
, Shenzhen Coocaa Network Technology Co Ltd provides free high-definition movie and video download services. The hope is to drive sales of televisions that can play video from USB flash drives.
es. 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
,Skyworth Digital's Global Sources page, Factory Tour globalsources.com most probably at the Skyworth high-tech industrial park in Tangtou village. Skyworth Digital Techonology's R&D wing is also located in the Nanshan District of Shenzhen
.Skyworth Digital's Global Sources page, R&D globalsources.com
/ODM
with operations in Shenzen and Inner Mongolia
.
, Skyworth Precision Technology Co Ltd manufactures moulds for use in the injection molding
of parts for household appliances, automobile components, televisions, etc.
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.
.
of Shenzhen
, in the Hohhot Economic Development Area of Inner Mongolia
, at Skyworth flat display industrial park in 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
.
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...
holding company
Holding company
A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
whose subsidiaries manufacture and sell consumer electronics and upstream components (i.e. LCD panels), etc.
Headquartered in Nanshan High-tech Park, Shenzhen
Shenzhen
Shenzhen is a major city in the south of Southern China's Guangdong Province, situated immediately north of Hong Kong. The area became China's first—and one of the most successful—Special Economic Zones...
, as of 2010 Skyworth has operations in Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
, Inner Mongolia
Inner Mongolia
Inner Mongolia is an autonomous region of the People's Republic of China, located in the northern region of the country. Inner Mongolia shares an international border with the countries of Mongolia and the Russian Federation...
and sites in in Guangdong Province
Guangdong
Guangdong is a province on the South China Sea coast of the People's Republic of China. The province was previously often written with the alternative English name Kwangtung Province...
at Shenzen, Guangzhou
Guangzhou
Guangzhou , known historically as Canton or Kwangchow, is the capital and largest city of the Guangdong province in the People's Republic of China. Located in southern China on the Pearl River, about north-northwest of Hong Kong, Guangzhou is a key national transportation hub and trading port...
and Dongguan
Dongguan
Dongguan is a prefecture-level city in central Guangdong province, People's Republic of China.An important industrial city located in the Pearl River Delta, Dongguan borders the provincial capital of Guangzhou to the north, Huizhou to the northeast, Shenzhen to the south, and the Pearl River to...
.
Skyworth is a member of the Chinese consortium that developed the Enhanced Versatile Disc
Enhanced Versatile Disc
The Enhanced Versatile Disc is an optical medium-based digital audio/video format, developed to provide a means for playing HDTV content using existing optical media. It was announced on November 18, 2003, by the People's Republic of China's Xinhua News Agency as a response to the popular...
.
It is also an OEM
Original Equipment Manufacturer
An original equipment manufacturer, or OEM, manufactures products or components that are purchased by a company and retailed under that purchasing company's brand name. OEM refers to the company that originally manufactured the product. When referring to automotive parts, OEM designates a...
, making televisions that retail under brand names other than its own.
History
Skyworth was established in 1988 or 1989 as Skyworth Industry Co Ltd in Hong KongHong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
by Huang Hongsheng, who was later convicted of embezzlement and fraud for misappropriating tens of millions of yuan from the company he founded. It began manufacturing its first product, television remote controls, in 1990. After obtaining the licensing in 1992, the company began producing color televisions, which today remain a core product.
Hong Kong Skyworth Digital Holdings Co Ltd is incorporated
Incorporation (business)
Incorporation is the forming of a new corporation . The corporation may be a business, a non-profit organisation, sports club, or a government of a new city or town...
in Bermuda,
Initial fast growth
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 IPOInitial public offering
An initial public offering or stock market launch, is the first sale of stock by a private company to the public. It can be used by either small or large companies to raise expansion capital and become publicly traded enterprises...
on the Hong Kong Stock Exchange
Hong Kong Exchanges and Clearing
Hong Kong Exchanges and Clearing Limited , also 香港交易所 or 港交所; abbreviated as HKEx; ) is the holding company for The Stock Exchange of Hong Kong Limited , Hong Kong Futures Exchange Limited and Hong Kong Securities Clearing Company Limited...
in April 2000.
Restructuring
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.Complementary profits
The company's core products, televisions and set-top boxSet-top box
A set-top box or set-top unit is an information appliance device that generally contains a tuner and connects to a television set and an external source of signal, turning the signal into content which is then displayed on the television screen or other display device.-History:Before the...
es, are complemented by a variety of other products and services including leasing itself property. Skyworth is among the top three television manufacturers in its largest market, China
People's Republic of China
China , officially the People's Republic of China , is the most populous country in the world, with over 1.3 billion citizens. Located in East Asia, the country covers approximately 9.6 million square kilometres...
.
Recent events
Skyworth 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 bright spot in a gloomy market.Products
Skyworth manufactures set-top boxSet-top box
A set-top box or set-top unit is an information appliance device that generally contains a tuner and connects to a television set and an external source of signal, turning the signal into content which is then displayed on the television screen or other display device.-History:Before the...
es, plasma, digital high-definition projection, LCD and CRT televisions, A/V security products, mobile phones, auto electronics, precision dies and other products closely related to the digital TV industry.
Subsidiaries
Skyworth has many wholly owned subsidiaries and is partner in many joint ventures. A chart depicting its organizational structure can be found here. The below is an incomplete list.Shenzhen Skyworth Automobile Electronics Co Ltd
A manufacturer of in-car AV electronics, its products include in-car LCD monitors and in-car DVD systems. It is incorporatedIncorporation (business)
Incorporation is the forming of a new corporation . The corporation may be a business, a non-profit organisation, sports club, or a government of a new city or town...
in the British Virgin Islands
British Virgin Islands
The Virgin Islands, often called the British Virgin Islands , is a British overseas territory and overseas territory of the European Union, located in the Caribbean to the east of Puerto Rico. The islands make up part of the Virgin Islands archipelago, the remaining islands constituting the U.S...
.
Shenzhen Coocaa Network Technology Co Ltd
A joint venture with Netac TechnologyNetac Technology
Netac Technology Co Ltd is a Shenzen consumer electronics company that claims to have invented the USB flash drive. It is a Chinese OEM/ODM.In 2006 it became the first Chinese company to initiate an overseas intellectual property infringement lawsuit when it sued PNY Technologies in the...
, Shenzhen Coocaa Network Technology Co Ltd provides free high-definition movie and video download services. The hope is to drive sales of televisions that can play video from USB flash drives.
Shenzhen Skyworth Digital Technology Co Ltd
The second biggest subsidiary of Skyworth Group Co Ltd, its focus is on set-top boxSet-top box
A set-top box or set-top unit is an information appliance device that generally contains a tuner and connects to a television set and an external source of signal, turning the signal into content which is then displayed on the television screen or other display device.-History:Before the...
es. It was created from the union of Skyworth Bandwidth Co Ltd and a Skyworth R&D team. It also has made Enhanced Versatile Disc
Enhanced Versatile Disc
The Enhanced Versatile Disc is an optical medium-based digital audio/video format, developed to provide a means for playing HDTV content using existing optical media. It was announced on November 18, 2003, by the People's Republic of China's Xinhua News Agency as a response to the popular...
players. Located in the Nanshan District of Shenzhen
Shenzhen
Shenzhen is a major city in the south of Southern China's Guangdong Province, situated immediately north of Hong Kong. The area became China's first—and one of the most successful—Special Economic Zones...
, it operates two factories in the city, one of which is in Shiyan county in the Bao'an District of Shenzhen
Shenzhen
Shenzhen is a major city in the south of Southern China's Guangdong Province, situated immediately north of Hong Kong. The area became China's first—and one of the most successful—Special Economic Zones...
,Skyworth Digital's Global Sources page, Factory Tour globalsources.com most probably at the Skyworth high-tech industrial park in Tangtou village. Skyworth Digital Techonology's R&D wing is also located in the Nanshan District of Shenzhen
Shenzhen
Shenzhen is a major city in the south of Southern China's Guangdong Province, situated immediately north of Hong Kong. The area became China's first—and one of the most successful—Special Economic Zones...
.Skyworth Digital's Global Sources page, R&D globalsources.com
Shenzhen Skyworth-RGB Electronic Co Ltd
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
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 OEMOriginal Equipment Manufacturer
An original equipment manufacturer, or OEM, manufactures products or components that are purchased by a company and retailed under that purchasing company's brand name. OEM refers to the company that originally manufactured the product. When referring to automotive parts, OEM designates a...
/ODM
Original Design Manufacturer
An original design manufacturer is a company which designs and manufactures a product which is specified and eventually branded by another firm for sale. Such companies allow the brand firm to produce without having to engage in the organization or running of a factory...
with operations in Shenzen and Inner Mongolia
Inner Mongolia
Inner Mongolia is an autonomous region of the People's Republic of China, located in the northern region of the country. Inner Mongolia shares an international border with the countries of Mongolia and the Russian Federation...
.
Skyworth Mobile Communication (Shenzhen) Ltd
Established in 2003, it manufacturers mobile phones. Due to losses and the amount of debt it has 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.Skyworth Precision Technology Co Ltd
Located in the Skyworth high-tech industrial park the Tangtou village of Shiyan County, Bao'an District, ShenzhenShenzhen
Shenzhen is a major city in the south of Southern China's Guangdong Province, situated immediately north of Hong Kong. The area became China's first—and one of the most successful—Special Economic Zones...
, Skyworth Precision Technology Co Ltd manufactures moulds for use in the injection molding
Injection molding
Injection molding is a manufacturing process for producing parts from both thermoplastic and thermosetting plastic materials. Material is fed into a heated barrel, mixed, and forced into a mold cavity where it cools and hardens to the configuration of the cavity...
of parts for household appliances, automobile components, televisions, etc.
Skyworth TTG Holdings Ltd
Formed in 2008 with Tripod Technology Group Inc, an ITInformation technology
Information technology is the acquisition, processing, storage and dissemination of vocal, pictorial, textual and numerical information by a microelectronics-based combination of computing and telecommunications...
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
Telenor
Telenor Group is the incumbent telecommunications company in Norway, with headquarters located at Fornebu, close to Oslo. Today, Telenor Group is mostly an international wireless carrier with operations in Scandinavia, Eastern Europe and Asia, working predominantly under the Telenor brand...
put in place several Oracle identity management systems
Identity management systems
An identity management system refers to an information system, or to a set of technologies that can be used to support the management of identities.An identity management system:# Establishes the identity...
in 2010.
Skyworth Qunxin Security and Protection Technology Co Ltd
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, ShenzhenShenzhen
Shenzhen is a major city in the south of Southern China's Guangdong Province, situated immediately north of Hong Kong. The area became China's first—and one of the most successful—Special Economic Zones...
.
Other Subsidiaries
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 DistrictGuangming District
New Guangming District , one of seven districts in the city of Shenzhen, is situated between the neighboring city of Dongguan and Shenzhen's Bao'an District. Created in 2007, it is the city's newest district, and features new ecological technology developments.-External links:* *...
of Shenzhen
Shenzhen
Shenzhen is a major city in the south of Southern China's Guangdong Province, situated immediately north of Hong Kong. The area became China's first—and one of the most successful—Special Economic Zones...
, in the Hohhot Economic Development Area of Inner Mongolia
Inner Mongolia
Inner Mongolia is an autonomous region of the People's Republic of China, located in the northern region of the country. Inner Mongolia shares an international border with the countries of Mongolia and the Russian Federation...
, at Skyworth flat display industrial park in Shiyan county of the Bao'an District, Shenzhen
Shenzhen
Shenzhen is a major city in the south of Southern China's Guangdong Province, situated immediately north of Hong Kong. The area became China's first—and one of the most successful—Special Economic Zones...
and at the Guangzhou Economic and Technology Development Zone in Guangzhou
Guangzhou
Guangzhou , known historically as Canton or Kwangchow, is the capital and largest city of the Guangdong province in the People's Republic of China. Located in southern China on the Pearl River, about north-northwest of Hong Kong, Guangzhou is a key national transportation hub and trading port...
.
The company also has logistic centers in Shuangliu, Chengdu
Chengdu
Chengdu , formerly transliterated Chengtu, is the capital of Sichuan province in Southwest China. It holds sub-provincial administrative status...
; Yichun, Jiangxi
Jiangxi
' is a southern province in the People's Republic of China. Spanning from the banks of the Yangtze River in the north into hillier areas in the south, it shares a border with Anhui to the north, Zhejiang to the northeast, Fujian to the east, Guangdong to the south, Hunan to the west, and Hubei to...
and Lishui, Nanjing
Nanjing
' is the capital of Jiangsu province in China and has a prominent place in Chinese history and culture, having been the capital of China on several occasions...
.
Another Skyworth-owned site is the Skyworth High-Tech Industrial Park, located in the Tangtou village of Shiyan County, Bao'an District, Shenzhen
Shenzhen
Shenzhen is a major city in the south of Southern China's Guangdong Province, situated immediately north of Hong Kong. The area became China's first—and one of the most successful—Special Economic Zones...
.