(Yicai Global) Feb. 1 -- Baofeng Group Co. [SHE:300431] has unveiled its All for TV strategy and plans to pump money into its smart television business, which it will integrate into the listed group this year provided its performance is up to snuff.

The TV business is of great importance to Baofeng Group, Sohu Tech quoted Chairman and Chief Executive Feng Xin as saying at a conference to announce the scheme yesterday.

Shenzhen Storm Leader Technology Co., which Baofeng Group has a 27 percent stake in, mainly operates Baofeng TV. The Beijing-based firm will acquire the rest of the shares of Storm Leader Technology if the TV unit meets performance requirements, Feng said.

Baofeng TV has expanded its operations, developed business channels and improved its supply chain in the past two years. Revenue growth of more than 40 percent at the TV arm drove Baofeng Group's income up 10 percent to 40 percent in 2017, per a performance forecast published Jan. 30. Feng plans for the TV nosiness to start breaking even this year and become profitable next year. Storm Leader Technology pooled CNY400 million (USD63.6 million) in September. Its valuation hit CNY3 billion.