On October 26, Konka Group released its third quarter earnings report. The total operating income for the quarter was 4.541 billion yuan, a year-on-year increase of 17.84%; the net profit was 10.291 million yuan, a year-on-year decrease of 60.94%. In the first nine months of this year, Konka Group achieved a total revenue of 12.482 billion yuan, an increase of 38.29% year-on-year, but net profit decreased by 42.63% year-on-year to 61.178 million yuan. In analyzing the reasons for the decline in corporate net profit compared with the same period of last year, Konka Group summarized two, one is due to the rising price of some raw materials, and the other is that “foreign brands rely on upstream resources to attack the color TV market at low prices and rob domestic brands. The market share, domestic brands were forced to follow up, and the gross profit margin of the products was quickly pulled down." As Konka Group said, domestic brand TV sets are collectively suffering from the increasingly fierce impact of foreign brands. According to the data of Zhongyikang, in late September, the top five best-selling models of domestic 32-inch LCD TVs are all foreign brands, and Light Sharp has three models; the top five in 40-42-inch LCD TVs Among the models, Sharp, Sony and Samsung occupy the top three, and the other two are Konka and Hisense. In addition, Aowei Consulting statistics, during the "Eleventh" period of this year, the sales volume of foreign brands in color TVs accounted for 56:44; in the same period last year, the ratio was 71:29. Li Dongsheng, chairman of TCL, said that there is a bias in the market judgment of Internet TV and led LCD TVs, which is the main cause of losses. Konka also said that the price competition of LCD TVs in the first half of the year was fierce, and the introduction speed of Konka on LED LCD TVs was delayed, which had an impact on the profitability of color TV products. In contrast, the domestic brands that initially bet on LED TVs are not small. Hisense achieved operating income of 9.488 billion yuan in the first half of 2010, a year-on-year increase of 27.95%, net profit of 247 million yuan, an increase of 47.8%; Skyworth achieved a net profit of 1.326 billion in fiscal year 2009-2010, and the gross profit margin of LED color TV reached 31.6%. . Other domestic brands have also launched a policy of vigorously promoting LED TV. TCL hopes that by the end of this year, LED backlight products will account for about 30%. In the release of this financial report, Konka Group said that due to the company's efforts to promote LED TV, the sales volume and sales of LED TV products have increased significantly compared with the same period of last year, and the product structure has been greatly improved. Some insiders pointed out that foreign-funded color TV brands are madly grabbing the market and will exert pressure on domestic brands in a short period of time, but domestic brands have successfully transformed LED TVs and continue to march upstream in the industrial chain. This change is a competition for the Chinese TV industry. The new pattern is full of expectations. ZTTEK Electric Scooter Batteries. Any size batteriesb can be customized! Suitable for most electric vechile modles, like electric e-bike, golf cart,forklift,beach electric motorcycle. Electric Motorcycle Battery,Li-Ion Battery Pack For Electric Bike,Lithium Battery Charger For Electric Bike,Lithium Battery Pack For E-Bike Jiangsu Zhitai New Energy Technology Co.,Ltd , https://www.ztbatteries.com