传音控股股东拟转让2%股份

Core Viewpoint - Transsion Holdings, known as the "King of Mobile Phones in Africa," is transferring 22.807 million shares, approximately 2.00% of its total share capital, due to the controlling shareholder's need for funds [2][3]. Group 1: Share Transfer Details - The controlling shareholder, Shenzhen Transsion Investment Co., plans to raise approximately 1.866 billion yuan through this share transfer [3]. - The transfer will not occur through the secondary market but will be directed towards institutional investors with appropriate pricing and risk-bearing capabilities [3]. - The transfer price has been set at 81.81 yuan per share, with 26 institutional investors participating in the bidding, resulting in a subscription of 26.168 million shares, 1.15 times the amount being transferred [3]. Group 2: Financial Performance - Transsion Holdings reported a significant decline in performance, with a 15.86% year-on-year decrease in revenue to 29.077 billion yuan for the first half of 2025 [4]. - The net profit attributable to shareholders plummeted by 57.48% to 1.213 billion yuan, attributed to product launch timing, market competition, and supply chain costs [4]. - The company's inventory value reached 9.297 billion yuan, a 7.32% increase from the previous year, indicating potential inventory accumulation risks amid declining revenue [4]. Group 3: Strategic Initiatives - In response to challenges in its core business, Transsion Holdings is pursuing diversification and high-end strategies, expanding into digital accessories and home appliances [5]. - The company has increased its R&D expenditure by 15.12% year-on-year, although new business contributions to overall revenue remain below 2% [5]. - The effectiveness of the high-end strategy in translating into market sales and profits remains uncertain, raising questions about the timing of the controlling shareholder's share reduction during a critical transformation period [5].