Skyworth Group's founder, Huang Hongsheng, revealed: Duan Yongping made over a billion on Skyworth stock. This might be another classic battle from Duan Yongping's early days, aside from NetEase, but not many people seem to know about it. In November 2004, Hong Kong's ICAC arrested Skyworth founder Huang Hongsheng and several executives, causing Skyworth's stock price to plummet instantly from around HK$3. Duan Yongping flew to Hong Kong from the U.S. specifically to play a round of golf with Huang Hongsheng and assess his and the company's situation. Between 2005-2006, Skyworth's stock price hit a low of around HK$0.5. Huang Hongsheng was sentenced to six years in prison, but Duan Yongping chose to keep buying the dip, acquiring about 5% of the shares. Duan Yongping discovered that even with the founder in jail, Skyworth's net assets were still far higher than its market value, cash reserves were abundant, and TV sales remained among the top nationwide. Under the leadership of the professional management team (Zhang Xuebin, Yang Dongwen, etc.), Skyworth stabilized. By 2009-2010, with policies like "home appliances to the countryside" providing a boost, Skyworth's performance exploded, and its stock price rebounded strongly to HK$10. Duan Yongping began to exit, earning a 20x return and achieving a net profit of "over a billion.