TRANSSION(SH:688036) Shen Zhen Shang Bao·2025-12-03 16:52Core Viewpoint - Transsion Holdings, a leading provider of smart terminal products and mobile internet services, has submitted an application for a mainboard listing on the Hong Kong Stock Exchange, while its stock has seen a decline of over 20% this year [1][2] Group 1: Company Overview - Transsion Holdings focuses on the design, research and development, production, sales, and brand operation of smart terminal products, primarily smartphones [1] - The company has established a strong brand presence in emerging markets, particularly in Africa, where it is known as the "King of Africa" in the mobile industry [1] - Transsion's smartphone brands include TECNO for mid-to-high-end consumers, Infinix targeting younger consumers, and itel for the mass market emphasizing cost-effectiveness and reliability [1] Group 2: Market Position and Performance - According to a Frost & Sullivan report, Transsion Holdings ranks first in smartphone sales in Africa with a market share of 61.5% as of 2024 [1] - The company has set up manufacturing centers in Ethiopia, India, and Bangladesh, and its products are available in over 70 countries and regions [2] - In the global emerging markets, Transsion's smartphone market share is 24.1%, with leading positions in Africa (15.4%), emerging Asia-Pacific (22.8%), and the Middle East [2] Group 3: Future Projections - IDC data indicates that Transsion Holdings is projected to have a global smartphone market share of 8.6% in 2024, ranking fourth overall [2] - The company is expected to sell 201.4 million smartphones in 2024, with the mobile internet penetration rate in emerging markets anticipated to rise from 46% in 2024 to 53% by 2029 [2] - The revenue of the emerging market smartphone sector is forecasted to grow from $134.4 billion in 2020 to $171.1 billion in 2024, reaching $236.7 billion by 2029 [2]