Core Viewpoint - Transsion Holdings reported a total revenue of 6,874.33 million yuan for 2024, marking a year-on-year increase of 10.35%, while net profit attributable to shareholders grew by 0.96% to 559.01 million yuan [1]. Financial Performance Summary - Total revenue for 2024 reached 6,874,329.10 thousand yuan, up 10.35% from the previous year [1]. - Operating profit was 656,469.45 thousand yuan, a decrease of 2.70% year-on-year [1]. - Net profit attributable to shareholders was 559,013.70 thousand yuan, reflecting a 0.96% increase compared to the previous year [1]. - Net profit excluding non-recurring gains and losses was 460,917.69 thousand yuan, down 10.21% year-on-year [1]. Reasons for Performance Changes - The increase in overall shipment volume contributed to the rise in revenue, while market competition and supply chain costs led to a decline in gross margin [2]. - The company primarily focuses on the design, research and development, production, sales, and brand operation of smart terminals, with its main products being the TECNO, itel, and Infinix smartphone brands [2].

Core Viewpoint - Hanghua Co., Ltd. plans to acquire 60% of Zhejiang Dick Donghua Fine Chemical Co., Ltd. for RMB 18 million, which will make Zhejiang Dick a subsidiary and included in Hanghua's consolidated financial statements [1][2]. Company Overview - Zhejiang Dick specializes in the production and sales of pigment dispersions and inkjet color pastes, with its nano pigment dispersions being crucial for the production of color photoresists used in LCD displays, impacting display quality parameters such as color gamut and contrast [2]. - Zhejiang Dick is one of the few domestic companies with complete equipment and core micro-dispersion technology for nano pigment dispersions, although it is not expected to be profitable in 2024 due to high initial investments and the nascent stage of domestic color photoresist production [2]. - Hanghua Co., Ltd., established in 1988, is one of the earliest companies in China engaged in ink production and R&D, with a product range that includes various types of inks used in printing, packaging, and publishing [2]. Strategic Implications - The acquisition is expected to enhance Hanghua's position in the industry by extending its value chain and broadening its development scope, while also complementing resources and improving competitiveness in the new materials technology sector [2].