Skyworth Digital (SHE:000810) expects an attributable profit of between 210 million yuan and 290 million yuan for the year 2024, down 52% to 65% from 602.1 million yuan a year prior, a Jan. 17 bourse filing by parent Skyworth Group (HKG:0751) said.

The drop in the Chinese digital television products manufacturer's anticipated profit was mainly due to a competitive market environment, a significant decline in the sales unit price of smart devices, and lower revenue and gross profit margin.