Canalys：预计2025年非洲智能手机市场增长3% 《科创板日报》27日讯，Canalys最新数据显示，非洲智能手机市场2025年第一季度出货量同比增长 6%，达到1940万部，区域出货量已连续第八个季度实现增长。不过，在连续七个季度实现增长后，传 音2025年第一季度出货量同比下滑5%。Canalys预测，非洲智能手机市场在2025年预计实现3%的温和增 长。 ...

Group 1 - The communication index increased by 0.73% as of May 26, 2025, with notable stock performances from Wuhan Fangu, Yongding Co., Wanma Technology, Haige Communication, and Shenglu Communication [1] - The communication ETF (159695) rose by 0.88%, with a 3.09% increase over the past month, ranking first among comparable funds [1] - The communication ETF recorded a trading volume of 1.0157 million yuan during the session, with an average daily trading volume of 8.9962 million yuan over the past year [4] Group 2 - The communication ETF's scale grew by 13.1801 million yuan in the past six months, leading in growth among comparable funds [4] - The ETF's shares increased by 13 million units in the last six months, also ranking first in new share growth among comparable funds [4] - The Ministry of Industry and Information Technology plans to accelerate the development of 5G-A and 6G technologies, enhancing modern industrial systems [4] Group 3 - The top ten weighted stocks in the communication index include China Telecom, ZTE, China Mobile, and China Unicom, accounting for 58.92% of the index [4] - Investors can access opportunities in optical communication under the AI transformation through the communication ETF linked fund (019072) [4]

Group 1 - The "China Listed Companies Value 100" list for 2024 highlights the importance of advanced manufacturing and AI innovation, high-quality development of private enterprises, and the cultivation of new consumption [1][2] - Yunnan Aluminum Co., Ltd. topped the list with a comprehensive score of 91.59, followed by Huayi Group, Beixin Building Materials, and COSCO Shipping Holdings [1] - The manufacturing sector leads with 67 listed companies, particularly in high-growth areas such as new energy, semiconductors, AI hardware, electronic manufacturing, and innovative pharmaceuticals [1] Group 2 - High-end liquor companies like Kweichow Moutai, Wuliangye, and Shanxi Fenjiu continue to rank on the list, while food and beverage companies like Haitian Flavoring and Dongpeng Special Drink achieve rapid growth through expanded sales channels [2] - The AI industry in China is projected to reach a scale of 269.7 billion yuan in 2024, with a compound annual growth rate of over 30% expected from 2025 to 2029 [2] - The "Data Asset Listed Companies Analysis Report" indicates that 100 companies disclosed data resource entries in their 2024 annual reports, with positive impacts on stock prices concentrated in high-relevance sectors like information technology [3]

Core Viewpoint - Brazil is emerging as a significant destination for Chinese companies seeking to expand globally, driven by its large market size, digital habits, and relatively lower competition compared to other Latin American countries [3][5][6]. Group 1: Investment and Expansion - Chinese companies are making substantial investments in Brazil, with Meituan planning to invest $1 billion in its food delivery service Keeta over the next five years [3]. - Didi has relaunched its food delivery service "99 Food" in Brazil, indicating a strategic move to integrate various services [3][4]. - Mixue Ice Cream plans to open its first store in Brazil and establish a supply chain factory, with an investment of no less than 4 billion RMB in local agricultural products over the next 3-5 years [4]. Group 2: Market Potential - Brazil is viewed as the "last blue ocean" for many Chinese companies, with a population of 210 million and a projected GDP per capita of approximately $11,178 in 2024 [5][6]. - The average consumer spending in Brazil is around $6,800, which is higher than in China, indicating a strong consumer willingness to spend [6]. - The internet penetration rate in Brazil is high, with approximately 86.2% of the population being internet users, and 99.1% of respondents owning smartphones [8]. Group 3: E-commerce and Competition - Brazil's e-commerce sales surged from approximately 126 billion BRL in 2020 to 169.6 billion BRL in 2022, attracting various Chinese e-commerce platforms [10]. - Local giants like Mercado Livre dominate the e-commerce market, contributing 51.7% of the new GMV in 2023-2024, making it challenging for new entrants [24][25]. - The food delivery market in Brazil is highly competitive, with local platform iFood holding over 80% market share, making it difficult for Didi's 99 Food to gain traction [23][24]. Group 4: Challenges and Risks - Brazil's complex tax system poses significant challenges for foreign companies, with compliance costs exceeding 1% of revenue [12][13]. - The logistics and payment infrastructure in Brazil is underdeveloped, with a significant portion of the population relying on cash transactions [16]. - Recent tax reforms have increased the burden on cross-border e-commerce, complicating the operational landscape for companies like SHEIN and Shopee [13][15].

Core Viewpoint - Transsion Holdings, known as the "King of Mobile Phones in Africa," is facing significant challenges as its growth slows down, particularly in net profit and revenue, amidst increasing competition from domestic brands in the African market [3][4][5]. Financial Performance - In 2024, Transsion Holdings reported revenue of 68.72 billion RMB, with a growth rate of 10.31%, and a net profit of 5.549 billion RMB, showing a minimal growth rate of 0.22%. This is a stark contrast to the previous year's revenue growth of 33.69% and net profit growth of 122.93% [4][7]. - The company's quarterly performance indicates a more severe decline, with Q4 2024 revenue and net profit at 17.46 billion RMB and 1.645 billion RMB, respectively, reflecting a decrease of 9.39% and 0.44%. In Q1 2024, revenue and net profit further dropped to 13 billion RMB and 490 million RMB, with declines of 25.45% and 69.87% [5][6]. Market Position and Competition - Transsion Holdings once held a dominant market share of 52% in Africa, but competition has intensified since 2022, leading to a decline in its market share to 51% by Q1 2024 [6][20]. - The entry of major Chinese brands like Xiaomi, Huawei, and OPPO into the African market has increased competition, with Xiaomi achieving a 45% year-on-year growth in Q2 2024 and capturing approximately 12% market share [18][20]. Strategic Shifts - In response to the competitive landscape, Transsion is exploring markets outside Africa, including Latin America, the Middle East, and Southeast Asia, where it has seen growth rates of 40%, 41%, and 9% respectively in 2024 [21]. - Despite these efforts, the company faces challenges in these new markets, which are already dominated by established players like Samsung and Motorola, resulting in lower profit margins compared to its core African market [21]. Historical Context - Transsion Holdings was founded in 2006, focusing on the African market, and achieved significant growth, with revenue increasing from 22.65 billion RMB in 2018 to 68.72 billion RMB in 2024, and net profit rising from 657.4 million RMB to 5.549 billion RMB during the same period [15][16].

Meeting Details - The shareholder meeting of Transsion Holdings was held on May 21, 2025, at the company's headquarters in Shenzhen, Guangdong Province [1] - A total of 444 ordinary shareholders attended the meeting, holding 717,281,540 voting rights, which represents 62.9% of the total voting rights of the company [1] Voting Results - All non-cumulative voting proposals were approved with overwhelming support from ordinary shareholders, with approval rates ranging from 99.9371% to 99.9836% [1][2] - Specific voting results include: - Proposal 1: 99.9794% in favor [1] - Proposal 2: 99.9371% in favor [1] - Proposal 3: 99.9785% in favor [1] - Proposal 4: 99.9835% in favor [1] - Proposal 5: 99.9785% in favor [1] - Proposal 6: 99.9782% in favor [1] - Proposal 7: 99.9570% in favor [2] - Proposal 8: 99.9779% in favor [2] - Proposal 9: 99.9700% in favor [2] - Proposal 10: 99.9802% in favor [2] - Proposal 11: 99.9836% in favor [2] Legal Compliance - The meeting was conducted in accordance with the Company Law and the company's articles of association, with legal representatives confirming the legality and validity of the meeting and its resolutions [2]

Group 1 - The legal opinion letter confirms the legality of the 2024 annual shareholders' meeting of Transsion Holdings, stating that the meeting's convening, procedures, and voting processes comply with relevant laws and regulations [2][3][13] - The notice for the shareholders' meeting was published on April 29, 2025, and the meeting was held within the required timeframe, ensuring proper notification to all shareholders [3][4] - A total of 444 shareholders attended the meeting, representing 717,281,540 shares, which is the total number of shares with voting rights [4][5] Group 2 - The meeting was conducted at the specified location and time, with both on-site and online voting options available for shareholders [4][8] - The voting process was witnessed by legal representatives, ensuring that the procedures followed the stipulations of the Company Law and the Shareholders' Meeting Rules [8][13] - The results of the voting showed overwhelming support for all proposed resolutions, with approval rates exceeding 99% for most items [8][10][12]

证券代码：688036 证券简称：传音控股 公告编号：2025-014 深圳传音控股股份有限公司 关于对控股子公司增资暨关联交易的公告 钛氪能源为公司控股子公司，目前注册资本为 10,000 万元，公司全资子公 司展想信息持有其 70%股权，另一股东新炬汇能持有其 30%股权。为满足钛氪 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： ●关联交易概述： 深圳传音控股股份有限公司（以下简称"公司"）之全资子公司深圳市展想 信息技术有限公司（以下简称"展想信息"）拟以现金 7,000 万元向其控股子公 司深圳市钛氪能源科技有限公司（以下简称"钛氪能源"或"目标公司"）进行 增资，钛氪能源另一股东深圳市新炬汇能企业管理咨询合伙企业（有限合伙）（以 下简称"新炬汇能"）拟以现金 3,000 万元进行等比例增资。本次增资事项完成 后，公司对钛氪能源的持股比例保持不变，仍为 70%。 ●新炬汇能为公司关联方，本次交易构成关联交易，未构成《上市公司重大 资产重组管理办法》规定的重大资产重组。 ●本次交易实施不存在重大法律 ...

关于 深圳传音控股股份有限公司 之 上海市锦天城(深圳)律师事务所 2024 年年度股东会的 法律意见书 二〇二五年五月 本所律师得到公司如下保证，即其已提供了本所律师出具本法律意见书所必 1 锦天城律师事务所 法律意见书 上海市锦天城(深圳)律师事务所 关于深圳传音控股股份有限公司 之 2024 年年度股东会的法律意见书 致：深圳传音控股股份有限公司 上海市锦天城(深圳)律师事务所(以下简称"本所")接受深圳传音控股股份有 限公司(以下简称"公司"或"传音控股")委托，就公司召开 2024 年年度股东会(以 下简称"本次股东会")的有关事宜，根据《中华人民共和国公司法》(以下简称"《公 司法》")、《中华人民共和国证券法》(以下简称"《证券法》")、中国证券监督管 理委员会《上市公司股东会规则》(以下简称"《股东会规则》")等法律、法规、 规章和其他规范性文件以及《深圳传音控股股份有限公司章程》(以下简称"《公 司章程》")的有关规定，出具本法律意见书。 为出具本法律意见书，本所及本所律师依据《律师事务所从事证券法律业务 管理办法（2023）》和《律师事务所证券法律业务执业规则(试行)》等规定，严 格履行了 ...

证券代码：688036 证券简称：传音控股 公告编号：2025-016 深圳传音控股股份有限公司 2024年年度股东会决议公告 本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东会召开的时间：2025 年 5 月 21 日 （二） 股东会召开的地点：广东省深圳市南山区西丽街道西丽社区仙元路 8 号 传音大厦 24 楼 VIP 会议室 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： （一） 非累积投票议案 | 1、出席会议的股东和代理人人数 | 444 | | --- | --- | | 普通股股东人数 | 444 | | 2、出席会议的股东所持有的表决权数量 | 717,281,540 | | 普通股股东所持有表决权数量 | 717,281,540 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比 | 62.9000 | | 例（%） | | | 普通股股东所持有表决权数量占公司表 ...