Konka Group released its annual report for 2020 on March 24, 2021. According to the report, the company posted revenue of 50.352 billion Yuan, down by 8.65% year-on-year, and net profit attributable to shareholders of the parent company 478 million Yuan, up by 125.26% year-on-year.

Hit by the pandemic, the company’s revenue from TV business slid year-on-year but revenue from white goods slightly rose in 2020. The company stepped up investment in the R&D of semi-conductor and AI fields with an annual investment of 684 million Yuan, up by 36.57% year-on-year.