TRANSSION(SH:688036) Sou Hu Cai Jing·2025-12-16 02:51Core Viewpoint - Transsion Holdings (688036.SH) has submitted its prospectus to the Hong Kong Stock Exchange, marking a significant step in its internationalization strategy, focusing on local innovation and accelerating its layout in IoT and edge AI technologies [2][3]. Group 1: Company Overview - Transsion is a leading player in the global emerging smartphone market, with annual revenues nearing 70 billion yuan and profits of 5.6 billion yuan, emphasizing "extreme localization" as its core strategy [3]. - The company operates three major smartphone brands: TECNO, Infinix, and itel, serving a diverse user base and extending into smart home, wearable devices, and energy storage products, with a total of 270 million monthly active users globally [3]. Group 2: Market Position and Growth - Transsion holds the number one market position in several regions, including a 24.1% market share in the global emerging market and 61.5% in Africa, with projected compound annual growth rates of 6.7% and 8.4% respectively from 2024 to 2029 [5]. - The company is actively optimizing its business structure by focusing on IoT hardware and edge AI technologies to address practical challenges in emerging markets, such as traffic congestion and unstable power grids in Africa [3]. Group 3: IPO and Future Plans - The upcoming IPO aims to raise approximately $1 billion, which will be allocated to three core areas: accelerating IoT hardware R&D, advancing edge AI technology, and expanding the global partner network [5]. - This IPO is intended to inject new momentum into Transsion's "hardware innovation-local service-sustainable growth" model, facilitating its transformation from a hardware leader to an ecosystem builder [5]. Group 4: User-Centric Approach - The company maintains a "user-first" mission, continuously enhancing user experience through features like extended battery life and deep skin tone photography [7]. - Transsion plans to leverage its advantages in R&D investment, channel networks, and localized operations to explore innovative paths for digital transformation in emerging markets [7].