“非洲手机之王”传音控股向香港联交所递交H股发行上市申请

Core Viewpoint - Transsion Holdings has officially submitted an application for H-share listing on the Hong Kong Stock Exchange, with CITIC Securities as the sole sponsor and JPMorgan as the financial advisor [1]. Group 1: Company Overview - Transsion Holdings is a provider of smart terminal products and internet services, primarily engaged in the design, research and development, production, sales, and brand operation of mobile phones and other smart terminal products [4]. - Since its establishment in 2013, the company has focused on emerging markets, particularly Africa, earning the title "King of Africa" in the mobile phone industry, with a projected sales volume of 201.4 million mobile phones in 2024 [4]. Group 2: Product and Market Position - The company owns three mobile phone brands: Tecno, Infinix, and itel. Tecno targets the mid-to-high-end market with a focus on high-end design; Infinix appeals to young consumers with fashionable designs; and itel emphasizes cost-effectiveness and reliability for the mass market [7]. - Transsion also offers a range of products including true wireless (TWS) earbuds, power banks, smart TVs, kitchen appliances, and two-wheeled electric vehicles [7]. Group 3: Software and User Engagement - The company has developed the Transsion OS, which is fully compatible with Android and supports a wide range of third-party apps. As of June 30, 2025, the average monthly active user count exceeds 270 million, with pre-installed software such as Palm Store and AHA Games [7]. Group 4: Listing Conditions - The company's listing is subject to multiple conditions, including obtaining approvals from the China Securities Regulatory Commission, the Hong Kong Securities and Futures Commission, and the Hong Kong Stock Exchange, as well as considering market factors, indicating uncertainty in the listing process [9].