Abstract:
Today, A-share listed company Konka Group (*ST Konka) officially suspended trading. With the announcement of delisting, this national color TV brand that has been in the capital market for more than 30 years is about to embark on a voluntary delisting journey.
According to the announcement plan, the company plans to withdraw the listing qualifications of A and B shares on the Shenzhen Stock Exchange through voting at the shareholders’ meeting.
If the proposal is successfully passed, the shares will be delisted five trading days after the Shenzhen Stock Exchange issues a decision to terminate listing, and will be transferred to the delisting section of the National Equities Exchange and Quotations; if the shareholders' meeting fails to reach a consensus, the shares will resume trading.
A paper announcement gently opened up the dusty years of color TVs for several generations. In the 1980s and 1990s, owning a color TV was a heavy dignity for a family. For a TV, many families scrimped and even had to queue up to find connections before they could take home a color TV.
Konka Group was established in May 1980, starting from the production of cassette players. In 1984, it built the first complete color TV production line. In 1992, Konka A and B shares were listed on the Shenzhen Stock Exchange.
In its heyday, the annual sales of Konka TVs exceeded 10 million units, ranking first in market share and ranking as the "number one color TV". The endorsement of superstar Chow Yun-fat also made the word "Konka" occupy the living room of a generation.
Today, Konka's business has expanded from color TVs to white goods, semiconductor optoelectronics (Micro LED, Mini LED), PCB and other fields, but it has never been able to replicate the glory of the color TV era.
The financial report shows that Konka still made a profit of 905 million yuan in 2021, and has suffered losses for four consecutive years since then. From 2022 to 2025, the net profit attributable to the parent company has lost 1.723 billion yuan, 2.258 billion yuan, 3.726 billion yuan and 12.582 billion yuan respectively, with a cumulative loss of more than 20 billion yuan.
The operating income has also shrunk simultaneously, from 29.608 billion yuan in 2022 to 9.835 billion yuan in 2025.
In July 2025, OCT Group transferred its shares in Konka to Panshi Runchuang, a subsidiary of China Resources, for free. China Resources held a total of about 30% of the shares and became the new controlling shareholder, and Konka entered the China Resources management system.
However, China Resources' acquisition did not stop the bleeding immediately. In the first half of 2026, the cost of the consumer electronics business increased, the semiconductor business was still in the early stages of industrialization, and the company continued to lose money.
Immediately afterwards, many of Konka’s former senior executives were dismissed one after another, making the exit of this old company even more serious.
Looking back at the development history of A-share black home appliances, there are only a handful of color TV companies that have truly completed the entire listing process and sadly left the market.
XomoChina Electronics and Amoi Electronics were once famous all over the country, but they eventually ended up being forced to delist.
Changhong and Furi Electronics used to dominate the industry, but now their glory has faded. They have retained their seats in the capital market and embarked on another tortuous transformation path.
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