| 主要会计数据 | 本报告期 (1-6月) | 上年同期 | | --- | --- | --- | | 营业收入 | 29,077,418,565.64 | 34.558.465.962.29 | | 利润总额 | 1,531,122,820.86 | 3,452,150,452.96 | | 归属于上市公司股东的净利润 | 1.212.806.449.89 | 2,852,014.497.55 | | 归属于上市公司股东的扣除非经 常性损益的净利润 | 897.275.961.65 | 2,427,760,957.66 | | 经营活动产生的现金流量净额 | 10,351,390.70 | -1.391.871.444.55 | | | 本报告期末 | 上年度末 | | 归属于上市公司股东的净资产 | 19,823,264,940.16 | 20,230,358,202.40 | 以8月27日收盘价计算，传音控股目前市盈率（TTM）约为24.89倍，市净率（LF）约4.91倍，市销率（TTM）约1.54倍。 市盈率(TTM)历史分位(%) 100 95-26 95p12 ହି 90 92p33 80 7 ...

Core Viewpoint - Transsion Holdings, known as the "King of Mobile Phones in Africa," is reportedly discussing a secondary listing in Hong Kong with a target fundraising of approximately $1 billion (about 71.85 billion RMB) [1] Financial Performance - In Q1 2025, the company reported total revenue of 13.004 billion RMB, a year-on-year decline of 25.45% [2][3] - The net profit attributable to shareholders was 490 million RMB, down 69.87% year-on-year [2][3] - The net profit after excluding non-recurring gains and losses was 343 million RMB, a decrease of 74.64% year-on-year [2][3] - The company's current ratio was 1.693, quick ratio was 1.312, and debt-to-asset ratio was 51.98% [2] Market Position and Competition - Transsion Holdings holds a 14.0% share of the global mobile phone market, ranking third among global manufacturers, with a 40% share in the African smartphone market [1] - The company's market share in Africa has declined to 47%, down 5 percentage points year-on-year [4] - Competitors such as Samsung, Xiaomi, OPPO, and Honor are increasing their presence in the African market, with market shares of 21%, 13%, 3%, and 3% respectively [4] Future Growth Drivers - The company identifies the ongoing transition from feature phones to smartphones in emerging markets as a key growth driver [4] - Transsion Holdings is focusing on enhancing its mid-to-high-end product offerings and increasing R&D investment, which accounted for 4.46% of revenue in Q1 2025 [9][10] New Business Initiatives - The company is diversifying its product range beyond mobile phones, including digital accessories, home appliances, and energy solutions to address power shortages in Africa [10][12] - Transsion Holdings has launched several new products, including the TECNO PHANTOM Ultimate G Fold, and is exploring opportunities in electric vehicles through its Revoo brand [9][12]