SHENZHEN, China--(BUSINESS WIRE)--As a leading Chinese home appliance company, KONKA has been achieving more growth and development by laying out the frontier technology industry.
Founded in Shenzhen, Guangdong in 1980, KONKA is engaged in the business of manufacturing and sales of television sets. In 1999, the total output of KONKA Group exceeded CNY 10 billion, making KONKA the leader in the Chinese home appliance market. This Chinese home appliance manufacturing giant with a history of around 40 years has scaled several heights of success and upgraded itself from processing and manufacturing to technological R&D.
Based on consumer electronics business, in 2018, KONKA embarked on a new strategy of gradually upgrading business to strategic emerging industries, and expanding to sci-tech industrial park, the Internet, industry and trade technology services, which got overwhelming response from the market. According to the Semi-annual Performance Report of 2019, the operating revenue of KONKA has reached CNY 26.036 billion in the first half of 2019.
As a leading player in the Chinese home appliance market, KONKA is once reputed as a business card in Shenzhen. It’s now making efforts to break the industrial boundaries and realize enterprise transformation through technological R&D. Recently, KONKA has been listed as one of the “Top 500 in Shenzhen in 2019”, ranking the first echelon of electronic technology companies and just after some global technological-innovation-driven companies like Huawei and DJI.
Based on its previous achievements, KONKA enjoys an upper hand in the technological “trend” in home appliance industry. It is worth mentioning that KONKA had taken the lead in developing high-definition digital television sets in 1999. Years ago, when the market of Chinese color TV was encountered with technological transformation, KONKA was among the first companies that invested in the research and development of OLED.
Besides, KONKA set another record in terms of the cost of research and development in 2018, most of which was invested in the sectors of AI, IoT, 8K and 5G.
For a listed company, the decision to invest in new technology has yielded it remarkable results and further reflected the company's cultural inclination. KONKA has started spreading its wings in the international market for not long ago, and such a quality is extremely imperative for itself to further promote its global strategic layout.