Zhitong Financial APP learned that Societe Generale Securities released a research report that maintained$SKYWORTH GROUP (00751.HK)$The "overweight" rating was raised to HK $6.50. The company's home appliance business continues to open up the global market, and the new energy business expands rapidly to maintain its leading position in the industry. As Skyworth Group shifts from manufacturing to service, profit margins are expected to continue to improve.

According to the report, Skyworth Group's net profit in 2022 is expected to decline by 10% compared with the same period last year.$Skyworth Digital (000810.SZ)$Profits are expected to increase high, with a net profit of 73.1% to 910 million yuan, an increase of 73.1% to 115.8% over the same period last year, and RMB 6.4 to 830 million yuan after deducting non-net profit, an increase of 156.6% and 232.8% over the same period last year. The increase is mainly due to the increase in the sales volume, revenue scale and gross profit margin of digital intelligent set-top boxes and broadband network connection equipment of Skyworth digital intelligent terminals.

The bank noted that the new energy business has gradually grown into the company's main source of revenue, accounting for 20.3% of total operating revenue to 20.3% of 22M9. China's household photovoltaic industry is in a period of rapid growth, 2022-30 years, China's household photovoltaic is expected to increase more than 300GW, about 7 times the existing installed capacity. The bank expects Skyworth Group to maintain its leading position in the industry by virtue of its first-mover advantage in China's household photovoltaic market and its own channels. Driven by the rapid growth of new energy business, it is expected to lead to 19.8% year-on-year growth in total revenue in 2023, profit end will usher in repair, and adjusted net profit is expected to increase by 37.8% in 2023.