SHENZHEN, China, April 2, 2021 /PRNewswire/ -- KONKA Group Co.
Ltd. ("the Company"; 000016.SZ), a leading technology company, has
released its financial results for 2020. The Company's net profit
last year expanded by 125.26% year-on-year, driven by its
environmental technology, semiconductors, new materials and
electronics businesses.
KONKA is committed to investing in technological innovation, and
last year the Company focused on the development of semiconductors
and artificial intelligence, with its spending on research and
development increasing by 36.57% year-on-year.
Specifically, KONKA has optimized its business in the
semiconductor industry, especially in the optoelectronic field. For
example, the Company built the world's first Micro LED full-process
R&D production line, allowing it to carry out trial
production.
In 2020, KONKA also continued to drive the development of Micro
LED- and Mini LED-related development, obtaining nearly 700 core
patents. The Company rolled out products such as the Micro LED
Watch - the APHAEA Watch and a series of Micro LED and Mini LED
8K televisions. In terms of storage,
KONKA primarily designs and markets master storage chips, and has
been producing and selling its storage main control chips.
"KONKA categorizes technologies that are in line for more
development as Micro LED and categorizes those that have been
marketized as Mini LED," Li Hongtao, vice president of KONKA, said.
"KONKA will continue to carry out the 'dual wheel' development
strategy to aim the Company's R&D power at areas that have yet
to see technological breakthroughs and put those that have seen
breakthroughs on the market," he said.
A well-rounded R&D system lays a critical foundation for
technological breakthroughs. KONKA has formed a research alliance
that connects prestigious universities, technology companies, and
scientific and technology research institutes, to establish labs
dedicated to artificial intelligence, internet of things, 5G, data
imagery and communication applications.
Such strong R&D capacity has helped diversify KONKA's
product lineup. The Company has rolled out smarter electronics and
appliances such as its K2 smart TV, APHAEA A5 TV and refrigerators.
Meanwhile, KONKA has sold its products through livestreaming in
collaboration with its offline stores, to accommodate consumers'
changing shopping habits.
As for KONKA's white goods business, the segment has grown with
the "KONKA + Frestec" dual brand operation after the acquisition of
Frestec Electrical Appliances, further amplifying the Company's
influence in the market. Last September, the Company acquired Beko
Changzhou Plant and entered into a strategic cooperation agreement
with Arcelik, the parent company of Beko, marking the beginning of
a new phase for the Company's drum washing machines — a shift from
OEM to independent R&D, design, production and
manufacturing.
In a bid to build a more integrated mechanism, KONKA has
vigorously developed new projects to construct a number of
industrial parks. Last year, the Company completed construction of
Dongguan Konka Smart Industrial Park, Yibin Konka High-Tech Park,
Frestec Smart Home Park, Chengdu Konka Smart Terminal Park,
providing new momentum for its smart industrial transformation.
In 2021, KONKA aims to pour more efforts into R&D and
innovation. On one hand, it will continue to increase its
investment in R&D this year. On the other hand, it is set to
focus on core technology in the field of semiconductors, seeking
for breakthroughs in chip and mass transfer technologies, and to
further develop Micro LED. Meanwhile, KONKA will gradually step up
its efforts in acquiring intellectual property rights and
strengthen its technological advantages in areas such as 5G,
8K, internet of things, Micro LED,
semiconductors and storage, aiming to transforming the Company from
an electronics company to an even more tech-centric company.
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SOURCE KONKA