确认！传音拟港交所IPO

Core Viewpoint - Transsion Holdings plans to issue H-shares and list them within 24 months following the shareholders' meeting resolution, amid previous market speculation about a potential Hong Kong listing [2][4] Group 1: Company Overview - Transsion Holdings is recognized as the "King of African Mobile Phones," being one of the first domestic smartphone manufacturers to enter the African market [4] - The company has established manufacturing centers in Ethiopia, India, and Bangladesh, with products available in over 70 countries and regions globally [4] - According to IDC data, Transsion Holdings holds an 8.6% market share in the global smartphone market for 2024, ranking fourth, and leads in smartphone shipments in Africa, Pakistan, Bangladesh, and the Philippines [4] Group 2: Financial Performance - For the first three quarters of the year, Transsion Holdings reported revenue of 49.54 billion yuan, a year-on-year decline of 3.33%, and a net profit of 2.148 billion yuan, down 44.97% year-on-year [4] - In the third quarter, the company experienced a revenue increase of 22.6% year-on-year, but net profit decreased by 11.06% [4] - The decline in net profit is attributed to market competition and supply chain cost impacts, leading to a decrease in gross margin [4] Group 3: Future Plans - The company intends to adjust pricing and product structure in response to cost changes and market competition to maintain a healthy gross margin [4] - The issuance of H-shares and listing is subject to approval from the shareholders' meeting and relevant regulatory bodies, including the China Securities Regulatory Commission and the Hong Kong Stock Exchange [4] - Transsion Holdings is actively discussing the details of the H-share issuance and listing with relevant intermediaries [4] Group 4: Industry Context - Transsion Holdings is part of a broader trend of A-share consumer electronics companies pursuing listings in Hong Kong, following others like Lens Technology, Lixun Precision, and GoerTek [5]