Transsion Holdings' 2024 Semi-Annual Report Strong Growth and Market Leadership

TapTechNews August 27th news, Transsion Holdings today released its semi-annual report for 2024, and TapTechNews summarizes the key data as follows:

Revenue of 34.558 billion yuan, a year-on-year increase of 38.07%;

Net profit attributable to shareholders of the listed company is 2.852 billion yuan, a year-on-year increase of 35.7%;

Basic earnings per share is 2.53 yuan. The company plans to distribute a cash dividend of 15 yuan (including tax) for every 10 shares to all shareholders.

R & D investment is 1.183 billion yuan, a year-on-year increase of 10.32%; accounting for 3.42% of revenue, a decrease of 0.87 percentage points year-on-year.

Transsion said that the company's main products are three brands of mobile phones, TECNO, itel and Infinix, including feature phones and smart phones; the sales areas are mainly concentrated in global emerging market countries such as Africa, South Asia, Southeast Asia, the Middle East and Latin America.

According to IDC data statistics, in the first half of 2024, Transsion's global market share in the mobile phone market is 14.4%, ranking second among global mobile phone brand manufacturers, among which the market share of smart phones in the global smart phone market is 9.1%, ranking fourth.

In the African market, Transsion's market share in the smart phone market exceeds 40% and ranks first. In the South Asian market, Pakistan's smart phone market share ranks first; Bangladesh's smart phone market share ranks first; India's smart phone market share ranks seventh.