Shenzhen Konka A plans to invest RMB 1 billion to establish Konka Multimedia Co., Ltd.

On November 17th, Shenzhen Konka A released an announcement that the company plans to invest RMB 1 billion to establish Konka Multimedia Co., Ltd. (tentative name, based on industrial and commercial registration) as the company's color TV business and other multimedia related services (excluding multimedia production The operating entity of the business, and after the establishment of Konka Multimedia Co., Ltd., Konka Multimedia Co., Ltd. invested 700 million yuan to establish a multimedia domestic sales company and invested 300 million yuan to establish two wholly-owned subsidiaries of multimedia export companies, respectively responsible for the company's color TV products. And other multimedia products for domestic sales and export business. In addition, Shenzhen Konka A announcement stated that the company plans to invest 120 million yuan to establish a joint venture project company, in which the company holds 20% of the shares, and to develop the Yibin Sanjiangkou project. The company plans to gradually implement industrial layout in Yibin City, which is expected to generate better investment returns. According to the Securities Times News, on November 17, the reporter learned from Shenzhen Konka A that the Chairman of the Board of Directors of Konka Group, Liu Fengxi, said that Konka will no longer be just a color TV business company and will accelerate its diversified expansion into an investment holding group. First, we hope to expand new product lines, whether through mergers and acquisitions, independent research and development, or configuration of incubators. Second, we hope to achieve expansion through investment and acquisitions. Konka will use the platform of listed companies to achieve industrial expansion. Third, we hope to adopt direct investment. To form an IoT ecosystem, Konka will select some Internet of Things companies to make direct investment, and it can also participate in shares and can also hold shares. According to the financial report disclosed by the company this year, Shenzhen Konka A's revenue increased by 32.49% year-on-year in the first half of 2017, net profit increased by 140.53% year-on-year; operating income reached 20.164 billion yuan in the first three quarters, and net profit attributable to shareholders of listed companies was 121 million yuan. Yuan, an increase of 37.94% and 390.65% respectively.