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On April 27, Skyworth Group Co., Ltd. (stock code: 00751.HK, hereinafter referred to as "Skyworth Group") released its unaudited performance report for the three months ended March 31, 2022. During the reporting period, Skyworth Group achieved a turnover of RMB 10.890 billion, an increase of 9.5% over the same period last year of RMB 9.943 billion; the overall gross profit margin was 16.4% and the profit was RMB 170 million.

Among them, the new energy business grew significantly. For the three months ended March 31, 2022, Skyworth Group's new energy business revenue recorded RMB 1.516 billion, a significant increase of 878.1% from RMB 155 million for the same period last year.

Since the 14th Five-Year Plan, my country's policy orientation towards environmental protection and new energy has been clear. Faced with the huge market potential, Skyworth Group is actively considering entering the clean energy industry. The establishment of Skyworth Photovoltaic conforms to the general trend of the integration and development of modern energy, intelligent manufacturing and digital technology. Starting with household photovoltaics, it provides complete solutions for a series of links such as power station development, design, construction, operation, management, and consulting services. And relying on the energy Internet of things, build a smart clean energy full-process asset development, construction, operation and management platform.

In addition, Skyworth Photovoltaic cooperates with financial institutions to establish the business model of "Internet + Photovoltaic + Benefiting People's Finance", provides operating leasing services for the construction of photovoltaic power plants, and is committed to developing into a one-stop solution provider from finance, installation to after-sales. . In the first quarter of this year, more than 20,000 household photovoltaic power plants were operated and connected to the grid.

In the future, Skyworth Photovoltaic will continue to be committed to the development of new energy, based on the household photovoltaic business, adhering to the principle of "quality first, service first", and sincerely create value for every user.